First Western Bank

Overview / Commentary

www.firstwestern.com

479-675-3000

80 W Main St
Booneville, AR 72927

First Western Bank is headquartered in Booneville and is the 27^th largest bank in the state of Arkansas. It is also the 1,557^th largest bank in the nation. It was established in 1910 and as of March of 2020, it had grown to 90 employees at 11 locations. First Western Bank's money market rates are 93% higher than the national average, and it has an A health rating.

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Health

Data as of Q1 2020

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Health Grade Components

Overall
FDIC Certificate #	13083
Year Established	1910
Employees	90
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.07%
Return on Equity - YTD	12.51%
Annual Interest Income	$5.6MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$466.1MM$432.5MM
Loans	Q1 2020vs Q1 2019	$381.0MM$356.1MM
Deposits	Q1 2020vs Q1 2019	$420.4MM$360.9MM
Equity Capital	Q1 2020vs Q1 2019	$39.8MM$37.7MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$3.9MM$3.6MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$750.00K$766.00K
Real Estate Owned	Q1 2020vs Q1 2019	$2.4MM$4.0MM

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not First Western Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

First Western Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^†	$25	-	Christmas Club
2.00%^†	$25	-	Wish List Savings
0.35%^†	-	-	Health Savings Account
0.25%^†	$1k	-	Business URFirst Savings
0.10%^†	$100	-	URFirst Savings
0.10%^†	$1	-	Kids S.A.F.E

First Western Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%^†	$10k	-	Easy Access Money Market
0.20%^*^†	$75k^*	-	Money Market Gold
OTHER TIERS: 0.10% → $1k - $50k \| 0.15% → $50k - $75k
0.20%^*^†	$50k^*	-	Money Market Business Pro
OTHER TIERS: 0.10% → $10k - $25k \| 0.15% → $25k - $50k

First Western Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%^*^†	-	$20k	URFirst Checking
OTHER TIERS: 0.35% → $20k+
0.25%^*^†	$25k^*	-	Preferred Checking
OTHER TIERS: 0.10% → $1k - $10k \| 0.20% → $10k - $25k
0.15%^†	$500	-	VIP Checking

First Western Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^†	$1k	-	Online 12 Month CD
0.50%^†	$1k	-	Online 18 Month CD
0.50%^†	$1k	-	Online 24 Month CD
0.50%^†	$1k	-	Online 36 Month CD
0.20%^†	$1k	-	Online 6 Month CD
0.20%^†	$1k	-	Online 7 Month CD
0.20%^†	$1k	-	Online 8 Month CD
0.20%^†	$1k	-	Online 9 Month CD
0.15%^†	$1k	-	Online 3 Month CD

Locations

Availability

Ft. Smith Area

Ft. Smith Area bank & credit union details

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