Important Notice about Information in this Annual Report
Unless we state otherwise or the context otherwise requires, references in this Annual Report on Form 10-K to “we,” “our,” “us,” “the Company” and “First Western” refer to First Western Financial, Inc. and its consolidated subsidiaries, including First Western Trust Bank, which we sometimes refer to as “the Bank” or “our Bank.”
The information contained in this Annual Report on Form 10-K is accurate only as of the date of this Annual Report on Form 10-K and as of the dates specified herein.
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geographic concentration in Colorado, Arizona, Wyoming and California; |
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changes in the economy affecting real estate values and liquidity; |
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our ability to continue to originate residential real estate loans and sell such loans; |
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risks specific to commercial loans and borrowers; |
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claims and litigation pertaining to our fiduciary responsibilities; |
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competition for investment managers and professionals and our ability to retain our associates; |
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fluctuation in the value of our investment securities; |
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the terminable nature of our investment management contracts; |
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changes to the level or type of investment activity by our clients; |
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investment performance, in either relative or absolute terms; |
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changes in interest rates; |
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the adequacy of our allowance for credit losses; |
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weak economic conditions and global trade; |
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legislative changes or the adoption of tax reform policies; |
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external business disruptors in the financial services industry; |
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liquidity risks; |
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our ability to maintain a strong core deposit base or other low-cost funding sources; |
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continued positive interaction with and financial health of our referral sources; |
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retaining our largest trust clients; |
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our ability to achieve our strategic objectives; |
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competition from other banks, financial institutions and wealth and investment management firms; |
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our ability to implement our internal growth strategy and manage the risks associated with our anticipated growth; |
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the acquisition of other banks and financial services companies and integration risks and other unknown risks associated with acquisitions; |
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the accuracy of estimates and assumptions; |
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our ability to protect against and manage fraudulent activity, breaches of our information security, and cybersecurity attacks; |
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our reliance on communications, information, operating and financial control systems technology and related services from third-party service providers; |
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technological change; |
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our ability to attract and retain clients; |
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natural disasters; |
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new lines of business or new products and services; |
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regulation of the financial services industry; |
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legal and regulatory proceedings, investigations and inquiries, fines and sanctions; |
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limited trading volume and liquidity in the market for our common stock; |
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fluctuations in the market price of our common stock; |
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potential impairment of goodwill recorded on our balance sheet and possible requirements to recognize significant charges to earnings due to impairment of intangible assets; |
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actual or anticipated issuances or sales of our common stock or preferred stock in the future; |
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the initiation and continuation of securities analysts coverage of the Company; |
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future issuances of debt securities; |
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our ability to manage our existing and future indebtedness; |
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available cash flows from the Bank; and |