First Western Financial, Inc. Reports Net Charge-Offs for the Three Months Ended September 30, 2023
October 19, 2023 at 04:15 pm EDT
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First Western Financial, Inc. reported net charge-offs for the three months ended September 30, 2023. For the three months, the company reported net charge-offs of $190,000 against $32,000 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.