FFWM · As filed with the SEC
First Foundation cash flow statement, 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 STATEMENTS OF CASH FLOWS · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||||||
| Net loss | (155,157,000) | (92,407,000) | (199,064,000) | 110,512,000 | 109,511,000 | 84,369,000 | 56,239,000 | 42,958,000 |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||||
| Provision for loan losses | — | — | — | — | — | — | 2,637,000 | 4,220,000 |
| Provision for credit losses - loans | — | — | — | (508,000) | 10,547,000 | 25,000 | — | — |
| Goodwill impairment | — | — | 215,252,000 | — | — | — | — | — |
| Provision for credit losses - loans and other liabilities | 65,483,000 | 22,149,000 | (1,233,000) | — | — | — | — | — |
| Provision (reversal) for credit losses - securities AFS | — | (956,000) | 752,000 | 1,040,000 | 3,154,000 | 7,245,000 | — | — |
| Provision (reversal) for credit losses - securities AFS | (216,000) | — | — | — | — | — | — | — |
| Stock-based compensation expense | 5,342,000 | 1,954,000 | 1,674,000 | 3,467,000 | 2,756,000 | 2,075,000 | 1,633,000 | 2,637,000 |
| Depreciation and amortization | 4,374,000 | 4,758,000 | 4,426,000 | 4,036,000 | 3,318,000 | 3,205,000 | 3,019,000 | 2,751,000 |
| Deferred tax benefit | (25,051,000) | (49,773,000) | (3,612,000) | 487,000 | (1,579,000) | (1,578,000) | (73,000) | 1,192,000 |
| Amortization of core deposit intangible | — | — | — | — | — | — | — | 2,043,000 |
| Amortization of premium (discount) on securities | — | — | — | — | — | 309,000 | — | — |
| Valuation allowance on deferred tax asset | 98,664,000 | — | — | — | — | — | — | — |
| Amortization of premium (discount) on securities | 4,104,000 | (10,168,000) | (6,377,000) | 2,312,000 | 1,099,000 | 8,384,000 | (4,909,000) | (6,689,000) |
| Amortization of core deposit intangible | 1,158,000 | 1,390,000 | 1,635,000 | 1,913,000 | 1,579,000 | 1,895,000 | 2,291,000 | — |
| Amortization of mortgage servicing rights - net | 2,114,000 | 1,827,000 | 2,138,000 | 2,759,000 | 1,947,000 | 1,535,000 | 1,295,000 | 1,076,000 |
| Amortization of sub debt - net | 62,000 | — | — | — | — | — | — | — |
| Gain on sale of REO | — | (679,000) | — | — | — | — | (742,000) | — |
| Loss (gain) on sale of loans | 9,566,000 | (5,068,000) | — | — | (21,459,000) | (15,140,000) | (4,218,000) | (419,000) |
| Gain on sale of securities available-for-sale | (5,930,000) | (1,204,000) | (2,304,000) | — | — | — | 316,000 | — |
| Loss (gain) from hedging activities | 11,899,000 | (1,204,000) | — | — | — | — | (655,000) | 354,000 |
| Valuation allowance on mortgage servicing rights | — | — | — | — | — | 1,424,000 | — | — |
| LHFS LOCOM adjustment at time of transfer | — | 136,683,000 | — | — | — | — | — | — |
| Change in fair value of LHFS | (21,197,000) | (15,874,000) | — | — | — | — | — | — |
| Amortization of OCI - securities transfer to HTM | (600,000) | (382,000) | 980,000 | (377,000) | — | — | — | — |
| Valuation allowance on mortgage servicing rights - net | — | (2,753,000) | (1,771,000) | (1,874,000) | 1,899,000 | — | — | — |
| Decrease in accrued interest receivable and other assets | 9,120,000 | 19,533,000 | 11,224,000 | (38,999,000) | (39,173,000) | (38,899,000) | (2,325,000) | (3,578,000) |
| Decrease in accounts payable and other liabilities | (35,640,000) | (16,610,000) | (17,900,000) | 16,286,000 | 23,336,000 | 12,593,000 | 5,929,000 | 4,436,000 |
| Net cash (used in) provided by operating activities | (31,905,000) | (8,784,000) | 5,820,000 | 101,054,000 | 96,935,000 | 67,442,000 | 60,437,000 | 50,981,000 |
| Cash Flows from Investing Activities: | ||||||||
| Net increase in loans | — | — | — | — | (1,623,291,000) | (794,305,000) | (802,578,000) | (1,129,231,000) |
| Net increase in loans | — | — | — | (3,318,750,000) | — | — | — | — |
| Net decrease in loans | 1,242,213,000 | 344,929,000 | 540,971,000 | — | — | — | — | — |
| Proceeds from sale of loans | 1,003,933,000 | 471,504,000 | — | — | 580,417,000 | 553,148,000 | 573,897,000 | 674,019,000 |
| Proceeds from sale of REO | — | 2,850,000 | — | — | — | — | 1,557,000 | 2,577,000 |
| Purchase of premises and equipment | (3,316,000) | (2,726,000) | (8,211,000) | (4,583,000) | (3,207,000) | (2,862,000) | (2,229,000) | (2,710,000) |
| Recovery of allowance for credit losses | — | — | — | — | — | 1,003,000 | 1,855,000 | 569,000 |
| Disposals of premises and equipment | 86,000 | 46,000 | — | 3,388,000 | — | — | — | — |
| Recovery of allowance for credit losses | — | — | 2,104,000 | 436,000 | 999,000 | — | — | — |
| Proceeds from sale of land | — | 1,650,000 | — | — | — | — | — | — |
| Loss on sale of land | — | 391,000 | — | — | — | — | — | — |
| Purchases of securities AFS | (2,031,746,000) | (1,871,576,000) | (667,467,000) | (798,000) | (454,788,000) | (56,629,000) | (577,802,000) | (365,519,000) |
| Purchases of securities HTM | — | — | — | (171,852,000) | — | — | — | — |
| Proceeds from sale of securities available-for-sale | 668,515,000 | 749,020,000 | 176,383,000 | — | 3,500,000 | — | 283,893,000 | 9,982,000 |
| Maturities of AFS securities | — | — | — | — | — | — | — | 81,199,000 |
| Maturities of securities AFS | 274,633,000 | 531,342,000 | 17,202,000 | 27,923,000 | 268,146,000 | 270,480,000 | 95,580,000 | — |
| Maturities of securities HTM | 76,425,000 | 76,320,000 | 73,152,000 | 224,737,000 | — | — | — | — |
| Cash in from merger | — | — | — | — | 1,145,340,000 | — | — | 47,582,000 |
| Proceeds from redemption of securities | — | 0 | — | — | — | — | — | — |
| Impairment of securities AFS | (3,361,000) | (3,130,000) | — | — | — | — | — | — |
| Net (increase) decrease in FHLB stock | (5,747,000) | (13,256,000) | 745,000 | (7,109,000) | 3,511,000 | 4,269,000 | (1,212,000) | 1,982,000 |
| Proceeds from BOLI policy | — | — | — | 326,000 | — | — | — | — |
| Net cash provided by (used in) investing activities | 1,221,635,000 | 287,364,000 | 134,879,000 | (3,246,282,000) | (79,373,000) | (24,896,000) | (427,039,000) | (679,550,000) |
| Cash Flows from Financing Activities: | ||||||||
| Increase (decrease) in deposits | (585,709,000) | (818,653,000) | 326,320,000 | 1,550,650,000 | 727,539,000 | 1,022,289,000 | 358,176,000 | 611,856,000 |
| Proceeds from FHLB & FRB advances | 1,600,100,000 | 2,793,475,000 | 339,988,000 | 1,005,000,000 | (255,000,000) | (478,000,000) | 30,000,000 | (4,570,000) |
| Repayments on FHLB & FRB advances | (1,600,100,000) | (2,738,463,000) | — | — | — | — | — | — |
| Net increase (decrease) in line of credit | 12,500,000 | — | (20,000,000) | 1,500,000 | 17,085,000 | 4,000,000 | 5,000,000 | (45,000,000) |
| Net increase in subordinated debt | — | 62,000 | 62,000 | 147,639,000 | — | — | — | — |
| Net decrease in repurchase agreements | (7,351,000) | (38,699,000) | (107,534,000) | 5,672,000 | — | — | — | — |
| Gain on sale leaseback | — | — | — | (1,061,000) | — | — | — | — |
| Dividends paid | — | (1,130,000) | (9,020,000) | (24,830,000) | (16,173,000) | (12,504,000) | (8,927,000) | — |
| Settlement of swap | — | — | — | — | — | (12,102,000) | (19,883,000) | — |
| Proceeds from exercise of stock options | — | — | 158,000 | 18,000 | 2,759,000 | 915,000 | 334,000 | 13,698,000 |
| Proceeds from issuance of common stock | 1,000 | 35,318,000 | — | — | — | — | — | — |
| Proceeds from issuance of preferred stock | — | 138,462,000 | — | — | — | — | — | — |
| Proceeds from issuance of convertible warrants | — | 54,219,000 | — | — | — | — | — | — |
| Equity issuance costs | — | (13,519,000) | — | — | — | — | — | — |
| Repurchase of stock | (433,000) | (149,000) | (538,000) | (4,623,000) | (1,722,000) | (2,824,000) | (23,000) | (497,000) |
| Net cash (used in) provided by financing activities | (580,992,000) | (589,077,000) | 529,436,000 | 2,679,965,000 | 474,488,000 | 521,774,000 | 364,677,000 | 575,487,000 |
| Increase (decrease) in cash and cash equivalents | — | — | — | — | — | — | — | (53,082,000) |
| Cash and cash equivalents at beginning of year | — | — | — | — | — | — | 67,312,000 | 120,394,000 |
| Cash and cash equivalents at end of year | — | — | — | — | — | — | — | 67,312,000 |
| Increase (decrease) in cash and cash equivalents | 608,738,000 | (310,497,000) | 670,135,000 | (465,263,000) | 492,050,000 | 564,320,000 | (1,925,000) | — |
| Cash and cash equivalents at beginning of year | 1,016,132,000 | 1,326,629,000 | 656,494,000 | 1,121,757,000 | 629,707,000 | 65,387,000 | 67,312,000 | — |
| Cash and cash equivalents at end of period | 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 | — |
| Supplemental disclosures of cash flow information: | ||||||||
| Income taxes | — | — | — | 41,014,000 | 39,510,000 | 31,310,000 | 23,624,000 | 16,646,000 |
| Income taxes | — | 177,000 | (5,484,000) | — | — | — | — | — |
| Interest | 352,155,000 | 400,643,000 | 329,198,000 | 75,674,000 | 15,272,000 | 56,991,000 | 75,149,000 | 46,043,000 |
| Noncash transactions: | ||||||||
| Transfer of loans to loans held for sale | — | 1,914,186,000 | — | — | 592,898,000 | 561,502,000 | 554,837,000 | 1,027,478,000 |
| Mortgage servicing rights from loan sales | — | — | — | — | — | — | — | 2,646,000 |
| Transfer of loans to loans held for investment | — | — | — | 485,281,000 | — | — | — | — |
| Transfer of securities from available-for-sale to held-to-maturity | — | — | — | 916,777,000 | — | — | — | — |
| Goodwill acquisition adjustment | — | — | — | 1,623,000 | — | — | — | — |
| Conversion of preferred stock into common stock | 852,000 | — | — | — | — | — | — | — |
| Right of use lease assets and liabilities recognized | 1,963,000 | 8,247,000 | 1,019,000 | 21,649,000 | — | — | — | — |
| Transfer of loans to REO | — | — | 2,171,000 | — | 6,210,000 | — | — | — |
| Chargeoffs against allowance for credit losses - loans | 2,071,000 | 18,414,000 | 5,249,000 | 720,000 | 1,824,000 | — | — | — |
| Chargeoffs against allowance for credit losses - securities | 3,361,000 | 3,130,000 | 3,971,000 | — | — | — | — | — |
| Mortgage servicing rights from loan sales | 3,847,000 | 2,753,000 | — | — | 2,726,000 | 3,853,000 | 1,861,000 | — |
| Chargeoffs against allowance for credit losses | — | — | — | — | — | 1,844,000 | 2,692,000 | 4,189,000 |
| Assets acquired, net of cash received | — | — | — | — | 1,489,698,000 | — | — | — |
| Liabilities assumed | — | — | — | — | 2,357,600,000 | — | — | — |
| Cash considerations | — | — | — | — | 10,000 | — | — | — |
| Stock consideration | — | — | — | — | 283,011,000 | — | — | — |
| Goodwill | — | — | — | — | 125,128,000 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.