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First Western Trust Bank

Denver, CO · Cert 57607 · First Western Financial Inc.

State charter, non-member · FDIC · 15 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

27

Q2 2024Q2 2026peer median (50)

Asset Quality

72

Q2 2024Q2 2026peer median (50)

Profitability

20

Q2 2024Q2 2026peer median (50)

Liquidity

41

Q2 2024Q2 2026peer median

Efficiency

14

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Western Trust Bank

Denver, CO · Cert 57607 · First Western Financial Inc.

State charter, non-member · FDIC · 15 branches

Q2 2026

$3.2BAssets
$2.7BLoans
$2.9BDeposits
$316.6MEquity
Loan mix
84%RE $2.3B11%C&I $0.3B5%Consumer $0.1BQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $2.5B14%Noninterest $0.4BQ3 2024Q2 2026

Market Position · Denver-Aurora-Centennial, CO · 2026 SOD (annual) · 1.4% share · #14 of 68 inst. · $1.6B of $113.6B

2.5% Denver
5.3% Larimer
1.6% Boulder
5.8% Teton

Executive Summary

  • Earnings: ROA of 0.83%, up 29 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.60% of loans (+4 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.22%, down 27 bps from a year ago.
  • Funding: loans stand at 95.88% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.83%+29 bps YoY

Net Interest Margin (YTD, annualized)

2.85%+21 bps YoY

Efficiency Ratio (YTD, annualized)

73.32%-342 bps YoY

Tier 1 Leverage Ratio

9.22%-27 bps YoY

NIM

5.49%Q2 ’245.33%Q2 ’255.30%Q2 ’26+9%+8%

Non-interest income vs. expense

2.92%Q2 ’242.86%Q2 ’252.82%Q2 ’26+1%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.37%0.40%0.66%0.54%0.52%0.51%0.86%0.83%+29 bps
Return on Equity3.96%4.21%6.78%5.51%5.39%5.33%9.04%8.59%+308 bps
Net Interest Margin2.41%2.37%2.59%2.64%2.42%2.52%2.80%2.85%+21 bps
Efficiency Ratio82.13%82.56%76.00%76.74%76.13%76.50%72.24%73.32%-342 bps
Non-Interest Burden1.75%1.75%1.69%1.76%1.60%1.69%1.72%1.81%+5 bps
Growth
Asset Growth (YoY)-3.09%-1.90%-0.88%3.00%11.35%8.18%11.62%7.12%+411 bps
Loan Growth (YoY)-5.76%-3.42%-2.01%3.28%9.04%9.76%11.60%6.72%+344 bps
Deposit Growth (YoY)3.17%-0.73%-0.80%4.34%13.30%8.81%12.54%12.52%+818 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.53%0.52%0.56%0.74%0.62%0.85%0.60%+4 bps
Net Charge-Offs / Loans0.52%0.37%0.09%0.10%0.08%0.07%0.00%0.00%-10 bps
Allowance / Loans0.78%0.75%0.74%0.74%0.80%0.80%0.77%0.74%0 bps
Allowance Coverage of NPLs1.2x1.4x1.4x1.3x1.1x1.3x0.9x1.2x-0.1x
Capital
Tier 1 Leverage Ratio9.11%8.94%9.24%9.49%8.59%8.79%9.01%9.22%-27 bps
Total Risk-Based Capital12.13%12.10%12.52%12.13%12.04%11.99%12.21%12.20%+7 bps
Equity / Assets9.57%9.70%9.92%9.64%9.12%9.51%9.52%9.78%+14 bps
Liquidity & Funding
Loans / Deposits95.04%96.84%96.19%101.09%91.47%97.68%95.39%95.88%-521 bps
Liquid Assets / Assets11.49%10.37%11.36%10.59%13.60%9.06%10.75%8.57%-201 bps
CRE / Total Capitaln/an/an/an/a426%440%423%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First Western Trust Bank

Denver, CO · Cert 57607 · Peer group: banks $1B-$10B in assets (n=322-328) · First Western Financial Inc.

State charter, non-member · FDIC · 15 branches

Q2 2026

$3.2BAssets
$2.7BLoans
$2.9BDeposits
$316.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks $1B-$10B in assets (rank 18 of 322).
  • Widest gap: efficiency ratio trails 86% of banks $1B-$10B in assets (rank 284 of 328).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.82%

Rank 263 of 328

Net Interest Margin

2.85%

Rank 274 of 328

Efficiency Ratio

73.48%

Rank 284 of 328

Equity / Assets

9.78%

Rank 198 of 328

Non-interest income vs. expense

$31.7M$88.4MINCOMEEXPENSE
Unfavorable gap of $56.7M · efficiency ratio beats 14% of banks $1B-$10B in assets
Bank 73.48%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.82%0.91%1.22%1.52%Beats 20%263 / 328
Return on Equity8.36%8.43%11.45%14.43%Beats 24%248 / 328
Net Interest Margin2.85%3.03%3.45%3.83%Beats 16%274 / 328
Efficiency Ratio73.48%51.61%59.56%67.53%Beats 14%284 / 328
Asset Quality
Nonperforming Loans / Loans0.60%0.24%0.51%1.03%Beats 44%180 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 100%18 / 322
Capital
Tier 1 Capital Ratio11.37%11.75%13.15%15.47%Beats 21%260 / 328
Total Risk-Based Capital Ratio12.20%12.63%14.15%16.46%Beats 20%261 / 328
Equity / Assets9.78%9.15%10.33%12.01%Beats 40%198 / 328
Liquidity & Funding
Loans / Deposits95.88%76.63%87.92%95.36%77th pctl74 / 323
Loans / Assets84.54%65.18%74.15%79.98%89th pctl35 / 328
Brokered Deposits / Depositsn/aNot reported for this institution