First Western Federal Savings Bank
Rapid City, SD
IDRSSD: 715470
Total Assets
$61.43M
Latest filing
Total Deposits
$40.36M
Latest filing
Net Interest Margin
4.89%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
First Western Federal Savings Bank
402 Main St
Rapid City, SD 57701
Full Service - Brick and Mortar
Updated 11/14/2025Established 06/06/1979FDIC Certificate 44806
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| First Western Federal Savings Bank (Main) | 402 Main St | Rapid City, SD | ||
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Federal savings banks, federal charter, supervised by the OCC or (pre-2011) OTS |
| Primary Regulator | OCC |
| Established Date | 06/06/1979 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 57701 |
| State and County Number | 46103 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 33 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Rapid City, SD |
Operational Info
| Number of Employees | 7 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.fwfsb.com |
| Data Updated | 11/14/2025 |
| CERT | 31972 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $61.43M |
| Total Deposits | $40.36M |
| Total Liabilities | $50.65M |
| Total Equity Capital | $10.79M |
| Net Income | $234.00k |
| Net Loans and Leases | $56.43M |
| Assets Per Employee ($Millions) | $8.78M |
| Bank Premises and Fixed Assets | $293.00k |
| Cash and Balances due from Depository Institutions | $3.86M |
| Deposits Held in Domestic Offices | $40.36M |
Key Performance Ratios
| Return on Assets (ROA) | 1.54% |
| Return on Equity (ROE) | 8.7% |
| Net Interest Margin | 4.89% |
| Efficiency Ratio | 67.86% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 17.556% |
| Earning Assets to total Assets | 97.92% |
Income and Expense
| Total Interest Income | $1.17M |
| Total Noninterest Income | $0 |
| Total Interest Expense | $440.00k |
| Total Noninterest Expense | $494.00k |
| Net Interest Income | $728.00k |
| Pre-tax Net Operating Income | $234.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $9.70M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $592.00k |
| Total Liabilities and Capital | $61.43M |
Securities
| Securities | $1.00k |
| Available-for-sale debt securities | $0 |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $1.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of First Western Federal Savings Bank?
$61.43M as of the latest filing.
How much are First Western Federal Savings Bank's total deposits?
$40.36M in total deposits.
Where is First Western Federal Savings Bank located?
Rapid City, SD.
What is the Net Interest Margin?
4.89%.
How many domestic offices does it operate?
1.
When was it established?
06/06/1979.
What is the Return on Assets (ROA)?
1.54%.
How much are total loans and leases?
$56.43M (latest filing).
What is the total interest income (latest filing)?
$1.17M.