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 |
|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||
| Net loss | (155,157,000) | (92,407,000) | (199,064,000) | 110,512,000 |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||
| Provision for credit losses - loans | — | — | — | (508,000) |
| 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 |
| 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 |
| Depreciation and amortization | 4,374,000 | 4,758,000 | 4,426,000 | 4,036,000 |
| Deferred tax benefit | (25,051,000) | (49,773,000) | (3,612,000) | 487,000 |
| 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 |
| Amortization of core deposit intangible | 1,158,000 | 1,390,000 | 1,635,000 | 1,913,000 |
| Amortization of mortgage servicing rights - net | 2,114,000 | 1,827,000 | 2,138,000 | 2,759,000 |
| Amortization of sub debt - net | 62,000 | — | — | — |
| Gain on sale of REO | — | (679,000) | — | — |
| Loss (gain) on sale of loans | 9,566,000 | (5,068,000) | — | — |
| Gain on sale of securities available-for-sale | (5,930,000) | (1,204,000) | (2,304,000) | — |
| Loss (gain) from hedging activities | 11,899,000 | (1,204,000) | — | — |
| 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) |
| Decrease in accrued interest receivable and other assets | 9,120,000 | 19,533,000 | 11,224,000 | (38,999,000) |
| Decrease in accounts payable and other liabilities | (35,640,000) | (16,610,000) | (17,900,000) | 16,286,000 |
| Net cash (used in) provided by operating activities | (31,905,000) | (8,784,000) | 5,820,000 | 101,054,000 |
| Cash Flows from Investing Activities: | ||||
| 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 | — | — |
| Proceeds from sale of REO | — | 2,850,000 | — | — |
| Purchase of premises and equipment | (3,316,000) | (2,726,000) | (8,211,000) | (4,583,000) |
| Disposals of premises and equipment | 86,000 | 46,000 | — | 3,388,000 |
| Recovery of allowance for credit losses | — | — | 2,104,000 | 436,000 |
| 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) |
| Purchases of securities HTM | — | — | — | (171,852,000) |
| Proceeds from sale of securities available-for-sale | 668,515,000 | 749,020,000 | 176,383,000 | — |
| Maturities of securities AFS | 274,633,000 | 531,342,000 | 17,202,000 | 27,923,000 |
| Maturities of securities HTM | 76,425,000 | 76,320,000 | 73,152,000 | 224,737,000 |
| 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) |
| 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) |
| Cash Flows from Financing Activities: | ||||
| Increase (decrease) in deposits | (585,709,000) | (818,653,000) | 326,320,000 | 1,550,650,000 |
| Proceeds from FHLB & FRB advances | 1,600,100,000 | 2,793,475,000 | 339,988,000 | 1,005,000,000 |
| 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 |
| 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) |
| Proceeds from exercise of stock options | — | — | 158,000 | 18,000 |
| 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) |
| Net cash (used in) provided by financing activities | (580,992,000) | (589,077,000) | 529,436,000 | 2,679,965,000 |
| Increase (decrease) in cash and cash equivalents | 608,738,000 | (310,497,000) | 670,135,000 | (465,263,000) |
| Cash and cash equivalents at beginning of year | 1,016,132,000 | 1,326,629,000 | 656,494,000 | 1,121,757,000 |
| Cash and cash equivalents at end of period | 1,624,870,000 | 1,016,132,000 | 1,326,629,000 | 656,494,000 |
| Supplemental disclosures of cash flow information: | ||||
| Income taxes | — | — | — | 41,014,000 |
| Income taxes | — | 177,000 | (5,484,000) | — |
| Interest | 352,155,000 | 400,643,000 | 329,198,000 | 75,674,000 |
| Noncash transactions: | ||||
| Transfer of loans to loans held for sale | — | 1,914,186,000 | — | — |
| 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 | — |
| Chargeoffs against allowance for credit losses - loans | 2,071,000 | 18,414,000 | 5,249,000 | 720,000 |
| 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 | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.