This institution is no longer active

Operations ceased on December 31, 2001. CRA examination history below reflects the period it was active.

FIRST WESTERN BANK

BURNSVILLE, NC · Supervised by FDIC

Est. 1997FDIC #34,570RSSD: FDIC-34570

Satisfactory

Current rating · Exam: January 2000

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.04%

Is this bank safe?

FIRST WESTERN BANK holds a Satisfactory CRA rating (2000), meets basic financial requirements (ROA +0.04%).

Institution Profile

FDIC BankFind

Address

600 West By-Pass, BURNSVILLE, NC

County

Yancey County

Established

December 15, 1997

Total Assets

$97M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

January 15, 2000

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 26 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 2001Call Report / FDIC

Total Assets

$97M

Total Deposits

$68M

Net Loans

$77M

Net Income

$24K

ROA

0.04%

Below avg for Small banks. Peer avg: 0.44%

ROE

0.24%

Risk-Based Capital

17.11%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.04%Peer avg: 0.44%▼ Below avg

Risk-Based Capital17.11%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate1.59%Peer avg: 6.90%▼ Fewer than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	126	96.83%	1.59%
2020	187	89.3%	2.14%
2019	236	95.34%	1.69%
2018	197	91.37%	1.02%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

This is the only examination on record for this bank.

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