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CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net income $ 24,534 $ 8,009
Adjustments:    
Current & deferred income tax (benefit)/expense 8,529 2,183
Stock-based compensation 2,544 2,291
Net cash used in operating activities (93,331) (21,513)
Cash flows from investing activities    
Net cash used in investing activities (456,020) (116,379)
Cash flows from financing activities    
Proceeds from subordinated notes 18,000  
Repurchase of common stock (377) (743)
Settlement of restricted stock (261) (110)
Recognition of capitalized subordinated notes issuance costs (269)  
Net cash provided by financing activities 626,702 143,173
Net change in cash and cash equivalents 77,351 5,281
Cash and cash equivalents, beginning of year 78,638 73,357
Cash and cash equivalents, end of year 155,989 78,638
First Western Financial, Inc    
Cash flows from operating activities    
Net income 24,534 8,009
Adjustments:    
Current & deferred income tax (benefit)/expense (3,003) 282
Stock-based compensation 2,544 2,291
Undistributed equity in subsidiaries (25,742) (8,610)
Change in other assets (32) 665
Change in other liabilities (42)  
Net cash used in operating activities (1,741) 2,637
Cash flows from investing activities    
Investment in subsidiaries (10,453) (2,152)
Loan and note receivable originations and principal collections, net 70  
Net cash used in investing activities (10,383) (2,152)
Cash flows from financing activities    
Proceeds from subordinated notes 18,000  
Repurchase of common stock (377) (743)
Settlement of restricted stock (261) (110)
Recognition of capitalized subordinated notes issuance costs (269)  
Net cash provided by financing activities 17,093 (853)
Net change in cash and cash equivalents 4,969 (368)
Cash and cash equivalents, beginning of year 9,301 9,669
Cash and cash equivalents, end of year 14,270 9,301
Supplemental noncash disclosures:    
Interest paid on borrowed funds 854 $ 476
Segment collapse impact to investment in subsidiary 2,454  
Segment collapse impact to deferred income tax (benefit)/expense 640  
Segment collapse impact to other assets (3,202)  
Segment collapse impact to other liabilities $ 108