| Business Summary | | First
Western
Bank,
formerly
known
as
Simi
Valley
Bank,
is
a
state
chartered
commercial
bank
that
provides
consumer
and
commercial
banking
services
in
Mitchell
and
Yancey
Counties
and
surrounding
areas
in
North
Carolina.
The
Bank
categorizes
its
services
as
follows:
Personal
Accounts,
Business
Accounts,
Time
Deposits
(CD's
and
IRA's),
Electronic
Banking,
and
Loan
Services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Western
Bank
is
a
state
chartered
commercial
bank
that
provides
consumer
and
commercial
banking
services
in
Mitchell
and
Yancey
Counties
and
surrounding
areas
in
NC.
For
the
three
months
ended
3/31/00,
total
interest
income
rose
10%
to
$1.1
million.
Net
interest
income
after
loan
loss
prov.
rose
18%
to
$579
thousand.
Net
income
rose
from
$7
thousand
to
$49
thousand.
Results
reflect
the
increase
in
interest-earning
assets.
Net
income
benefitted
from
higher
service
charges. Recent Earnings Announcement For
the
3
months
ended
12/31/2000,
after
tax
earnings
were
34. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | Van Phillips | Chairman | Ronnie Deyton | Pres,
CEO | Ray Miller | Vice
Chairman | Charles Ownbey Sr. | Exec.
VP | Martin Shuford | Exec.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|