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 |
|---|---|---|---|---|
| ASSETS | ||||
| Cash and cash equivalents | 1,624,870,000 | 1,016,132,000 | 1,326,629,000 | 656,494,000 |
| Securities available-for-sale ("AFS") | — | — | 711,446,000 | 237,597,000 |
| 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 ("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 |
| Accrued interest receivable | 45,822,000 | 54,804,000 | 54,163,000 | — |
| Deferred taxes, net | — | 76,650,000 | 29,142,000 | 24,198,000 |
| Premises and equipment, net | 34,663,000 | 35,806,000 | 39,925,000 | 36,140,000 |
| Real estate owned ("REO") | 6,210,000 | 6,210,000 | 8,381,000 | 6,210,000 |
| Goodwill and intangibles | — | — | — | 221,835,000 |
| 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 |
| Total Assets | 11,904,077,000 | 12,645,265,000 | 13,327,248,000 | 13,014,179,000 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
| Liabilities: | ||||
| Deposits | 9,284,570,000 | 9,870,279,000 | 10,688,932,000 | 10,362,612,000 |
| Borrowings | — | — | — | 1,369,936,000 |
| 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 |
| Total Liabilities | 10,991,490,000 | 11,591,902,000 | 12,401,905,000 | 11,879,801,000 |
| 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 |
| Additional paid-in-capital | 855,270,000 | 849,509,000 | 720,899,000 | 719,606,000 |
| Retained (deficit) earnings | (30,119,000) | 125,038,000 | 218,575,000 | 426,659,000 |
| Accumulated other comprehensive income (loss) | 556,000 | (8,915,000) | (14,187,000) | (11,943,000) |
| Total Shareholders' Equity | 912,587,000 | 1,053,363,000 | 925,343,000 | 1,134,378,000 |
| Total Liabilities and Shareholders' Equity | 11,904,077,000 | 12,645,265,000 | 13,327,248,000 | 13,014,179,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.