FFWM · As filed with the SEC
First Foundation balance sheet, by fiscal year
The statement as First Foundation presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED BALANCE SHEETS · USD
| USD | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Cash and cash equivalents | 1,624,870,000 | 1,016,132,000 | 1,326,629,000 | 656,494,000 | 1,121,757,000 | 629,707,000 | 65,387,000 | 67,312,000 |
| Securities available-for-sale ("AFS") | — | — | 711,446,000 | 237,597,000 | 1,201,777,000 | 814,671,000 | — | — |
| Allowance for credit losses - investments | — | — | — | — | (10,399,000) | (7,245,000) | — | — |
| Net securities | — | — | — | — | 1,191,378,000 | 807,426,000 | 1,014,966,000 | 809,569,000 |
| Loans held for sale | — | — | — | — | — | — | 503,036,000 | 507,643,000 |
| Securities available-for-sale ("AFS"), at fair value (amortized cost of $2,426,995 and $1,335,225 at December 31, 2025 and December 31, 2024 respectively; net of allowance for credit losses of $557 and $4,134 at December 31, 2025 and December 31, 2024 respectively) | 2,430,475,000 | 1,313,885,000 | — | — | — | — | — | — |
| Securities held-to-maturity ("HTM") (fair value of $587,289 and $636,840 at December 31, 2025 and December 31, 2024, respectively) | 634,333,000 | 712,105,000 | 789,578,000 | 862,544,000 | — | — | — | — |
| Allowance for credit losses - investments | — | — | (8,220,000) | (11,439,000) | — | — | — | — |
| Net securities | — | — | 1,492,804,000 | 1,088,702,000 | — | — | — | — |
| Loans held for sale | — | — | — | — | 501,436,000 | 505,404,000 | — | — |
| Loans held for investment | — | — | — | — | 6,906,728,000 | 4,803,799,000 | 4,547,633,000 | 4,293,669,000 |
| Allowance for loan and lease losses (“ALLL”) | — | — | — | — | — | — | (20,800,000) | (19,000,000) |
| Net loans | — | — | — | — | — | — | 4,526,833,000 | 4,274,669,000 |
| Allowance for credit losses - loans | — | — | — | — | (33,776,000) | (24,200,000) | — | — |
| Net loans | — | — | — | — | 6,872,952,000 | 4,779,599,000 | — | — |
| Loans held for sale ("LHFS") | 261,448,000 | 1,285,819,000 | — | — | — | — | — | — |
| Loans held for investment | 6,729,178,000 | 7,941,393,000 | 10,177,802,000 | 10,726,193,000 | — | — | — | — |
| Less: Allowance for credit losses | (93,850,000) | (32,302,000) | (29,205,000) | (33,731,000) | — | — | — | — |
| Total loans held for investment, net | 6,635,328,000 | 7,909,091,000 | 10,148,597,000 | 10,692,462,000 | — | — | — | — |
| Investment in Federal Home Loan Bank ("FHLB") stock | 43,616,000 | 37,869,000 | 24,613,000 | 25,358,000 | 18,249,000 | 17,250,000 | 21,519,000 | 20,307,000 |
| Deferred taxes | — | — | — | — | — | — | 11,079,000 | 13,251,000 |
| Accrued interest receivable | 45,822,000 | 54,804,000 | 54,163,000 | — | — | — | — | — |
| Deferred taxes, net | — | 76,650,000 | 29,142,000 | 24,198,000 | 20,835,000 | 8,603,000 | — | — |
| Premises and equipment, net | 34,663,000 | 35,806,000 | 39,925,000 | 36,140,000 | 37,920,000 | 8,012,000 | 8,355,000 | 9,145,000 |
| Real estate owned ("REO") | 6,210,000 | 6,210,000 | 8,381,000 | 6,210,000 | 6,210,000 | — | — | 815,000 |
| Goodwill and intangibles | — | — | — | 221,835,000 | 222,125,000 | 95,296,000 | 97,191,000 | 99,482,000 |
| Bank owned life insurance | 51,405,000 | 49,993,000 | — | — | — | — | — | — |
| Core deposit intangibles | 2,400,000 | 3,558,000 | 4,948,000 | — | — | — | — | — |
| Derivative assets | 8,785,000 | 5,086,000 | — | — | — | — | — | — |
| Other assets | 124,722,000 | 138,257,000 | 198,046,000 | 262,780,000 | 203,342,000 | 105,863,000 | 66,070,000 | 38,219,000 |
| Total Assets | 11,904,077,000 | 12,645,265,000 | 13,327,248,000 | 13,014,179,000 | 10,196,204,000 | 6,957,160,000 | 6,314,436,000 | 5,840,412,000 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
| Liabilities: | ||||||||
| Deposits | 9,284,570,000 | 9,870,279,000 | 10,688,932,000 | 10,362,612,000 | 8,811,960,000 | 5,913,433,000 | 4,891,144,000 | 4,532,968,000 |
| Borrowings | — | — | — | 1,369,936,000 | 210,127,000 | 269,000,000 | 743,000,000 | 708,000,000 |
| Borrowings | 1,430,518,000 | 1,425,369,000 | 1,409,056,000 | — | — | — | — | — |
| Subordinated debt | 173,521,000 | 173,459,000 | 173,397,000 | — | — | — | — | — |
| Derivative liabilities | 6,938,000 | — | — | — | — | — | — | — |
| Accounts payable and other liabilities | 95,943,000 | 122,795,000 | 130,520,000 | 147,253,000 | 110,066,000 | 79,016,000 | 66,423,000 | 40,260,000 |
| Total Liabilities | 10,991,490,000 | 11,591,902,000 | 12,401,905,000 | 11,879,801,000 | 9,132,153,000 | 6,261,449,000 | 5,700,567,000 | 5,281,228,000 |
| Shareholders' Equity | ||||||||
| Preferred stock, $0.001 par value, 29,521 shares issued and outstanding at December 31, 2025 and 29,811 shares issued and outstanding at December 31, 2024 | 86,797,000 | 87,649,000 | — | — | — | — | — | — |
| Common stock, $0.001 par value; 200,000,000 shares authorized at December 31, 2025 and December 31, 2024; 82,884,401 shares and 82,365,388 shares issued and outstanding, respectively | 83,000 | 82,000 | 56,000 | 56,000 | 56,000 | 45,000 | 45,000 | 44,000 |
| Additional paid-in-capital | 855,270,000 | 849,509,000 | 720,899,000 | 719,606,000 | 720,744,000 | 433,941,000 | 433,775,000 | 431,832,000 |
| Retained (deficit) earnings | (30,119,000) | 125,038,000 | 218,575,000 | 426,659,000 | 340,976,000 | 247,638,000 | 175,773,000 | 128,461,000 |
| Accumulated other comprehensive income (loss) | 556,000 | (8,915,000) | (14,187,000) | (11,943,000) | 2,275,000 | 14,087,000 | 4,276,000 | (1,153,000) |
| Total Shareholders' Equity | 912,587,000 | 1,053,363,000 | 925,343,000 | 1,134,378,000 | 1,064,051,000 | 695,711,000 | 613,869,000 | 559,184,000 |
| Total Liabilities and Shareholders' Equity | 11,904,077,000 | 12,645,265,000 | 13,327,248,000 | 13,014,179,000 | 10,196,204,000 | 6,957,160,000 | 6,314,436,000 | 5,840,412,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.