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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mountain West · Colorado, the state note

First Western Trust Bank

Denver, Colorado · $3.24B in assets · beside the 11 other the Mountain West banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

0.84%
ROA
12th of 12
73.5%
Efficiency
11th of 12
1.2x
Coverage of noncurrent
10th of 12

First Western Trust Bank is the smallest of the 12 the Mountain West banks between $3B and $10B, with $3.24B in assets at 30 June 2026. Loans are 95.9% of deposits, 8th of 12 against a median of 86.0%, and equity is 9.8% of assets, 8th of 12. Loans grew +6.7% in the year, 6th of 12, and deposits grew 12.5%; the cohort's median loan growth is +6.6%.

Noncurrent loans are 0.60% of the book, 6th of 12 against a median of 0.60%; 0.12% is 30 to 89 days past due, and the allowance covers them 1.2 times. Commercial real estate is 35.1% of loans, 7th of 12 against a median of 34.5%, and 312% of capital, above the 300% screen, with construction at 64% against the 100% screen.

Return on assets is 0.84%, the lowest in the cohort against a median of 1.44%, on an efficiency ratio of 73.5%, 11th of 12. Five years ago it was 1.27%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 8.1% of loans).

Return on assetsMountain West banks $3B to $10B · 30 June 2026 · higher is stronger, listed first
median 1.44% CB Celtic Bank 3.35% MB Merrick Bank 2.53% CV Cache Valley Bank 2.01% SB Stockman Bank of Montana 1.90% SB Sunwest Bank 1.61% GD Green Dot Bank dba Bonneville 1.54% Bo Bank of Colorado 1.35% DL D L Evans Bank 1.34% Bo Bank of Utah 1.32% AB Alpine Bank 1.30% WF Wells Fargo National Bank West 0.99% FW First Western Trust Bank 0.84%
Loans, year over yearMountain West banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +6.6% CB Celtic Bank +37.6% SB Sunwest Bank +14.8% SB Stockman Bank of Montana +8.9% Bo Bank of Colorado +8.7% DL D L Evans Bank +7.0% FW First Western Trust Bank +6.7% CV Cache Valley Bank +6.5% AB Alpine Bank +6.2% Bo Bank of Utah +4.3% MB Merrick Bank +1.5% GD Green Dot Bank dba Bonneville -8.0% WF Wells Fargo National Bank West -11.1%

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 2 CBLR filers; owner-occupied excluded; bold marks a screen met
First Western Trust BankRankCohort median
Total CRE against capital, the 300% screen312%10th of 12230%
Construction against capital, the 100% screen64%9th of 1255%
Construction and land development, share of loans7.2%6th of 128.0%
Non-owner-occupied nonfarm nonresidential, share of loans19.5%7th of 1219.4%
Total CRE, the guidance definition, share of loans35.1%7th of 1234.5%
CRE growth over 36 months, the third prong+11.9%2nd of 10+36.8%
Commercial real estate against capital, the 300% screenMountain West banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 230% MB Merrick Bank 0% WF Wells Fargo National Bank West 0% GD Green Dot Bank dba Bonneville 1% CB Celtic Bank 11% DL D L Evans Bank 130% AB Alpine Bank 190% Bo Bank of Utah 270% Bo Bank of Colorado 292% CV Cache Valley Bank 292% FW First Western Trust Bank 312% SB Sunwest Bank 327% SB Stockman Bank of Montana 349%
CRE growth over 36 months, the guidance's third prongMountain West banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median +36.8% AB Alpine Bank +8.9% FW First Western Trust Bank +11.9% Bo Bank of Colorado +22.2% DL D L Evans Bank +22.6% CV Cache Valley Bank +29.2% CB Celtic Bank +44.5% Bo Bank of Utah +52.4% GD Green Dot Bank dba Bonneville +62.0% SB Sunwest Bank +66.5% SB Stockman Bank of Montana +67.8%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Merrick Bank$9.13B2.5%33.6%3.52%11.62%15.4%117.2%17.6%
Wells Fargo National Bank West$8.77B1.0%23.4%0.97%0.00%0.3%68.4%19.2%
Stockman Bank of Montana$7.75B1.9%50.6%0.60%0.02%1.8%84.4%9.7%
Bank of Colorado$7.61B1.3%51.8%0.10%0.01%1.3%81.2%10.2%
Alpine Bank$6.69B1.3%61.4%0.31%0.12%1.1%75.8%10.8%
Green Dot Bank dba Bonneville$5.44B1.5%92.5%3.56%66.62%17.3%0.8%5.8%
Celtic Bank$5.33B3.3%33.2%3.63%0.46%1.6%117.3%17.4%
Sunwest Bank$4.41B1.6%61.6%0.60%0.00%1.8%103.7%9.3%
Bank of Utah$3.79B1.3%61.6%0.15%0.22%1.2%100.4%12.3%
D L Evans Bank$3.70B1.3%51.6%0.26%0.00%1.4%57.2%9.3%
Cache Valley Bank$3.49B2.0%39.1%0.29%0.09%1.3%87.6%10.5%
First Western Trust Bank$3.24B0.8%73.5%0.60%0.00%0.7%95.9%9.8%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First Western Trust BankCohort median
20212026Change20212026Change
Loans$1.62B$2.74B+69%$2.37B$4.00B+69%
Deposits$1.69B$2.85B+69%$2.71B$4.47B+65%
NPA / loans0.19%0.60%+0.40 pts0.31%0.60%+0.29 pts
Efficiency70.3%73.5%+3.2 pts50.5%51.7%+1.2 pts
ROA1.27%0.84%-0.43 pts1.62%1.44%-0.18 pts

This read was prepared for First Western Trust Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First Western Trust Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Mountain West banks $3B to $10B
Institution www.myfw.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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