First Western Financial, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023
January 25, 2024 at 05:21 pm
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First Western Financial, Inc. reported net charge-offs for the fourth quarter ended December 31, 2023. For the quarter, the company reported net charge-offs of $44,000 against $95,000 a year ago.
First Western Financial, Inc. is a financial service holding company with operations in Colorado, Arizona, Wyoming, California, and Montana. The Company and its subsidiaries provide a fully integrated suite of wealth management services on a private trust bank platform. The Company offers its services through a branded network of boutique private trust bank offices, loan production offices and trust offices. The Company operates through two segments: Wealth Management and Mortgage. Its Wealth Management segment consists of operations relating to the Companyâs fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services. Its Mortgage segment consists of operations relating to the Companyâs residential mortgage service offerings. Services provided by its mortgage segment include soliciting, originating, and selling mortgage loans on the secondary market.