Company: FFWM
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001558370-25-011054
Chunk: 1

Company: First Foundation Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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ITEM 1.FINANCIAL STATEMENTS

FIRST FOUNDATION INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

​

​​​​​​​​​​June 30, ​December 31, ​​​2025​2024​​​​(unaudited)​​​​ASSETS    ​      ​  ​Cash and cash equivalents​$ 1,055,614​$ 1,016,132​​​​​​​​​Securities available-for-sale ("AFS"), at fair value (amortized cost of $1,485,810 and $1,335,225 at June 30, 2025 and December 31, 2024 respectively; net of allowance for credit losses of $651 and $4,134 at June 30, 2025 and December 31, 2024 respectively)​  1,469,122​  1,313,885​Securities held-to-maturity ("HTM") (fair value of $604,367 and $636,840 at June 30, 2025 and December 31, 2024, respectively)​​ 663,807​​ 712,105​Loans held for sale ("LHFS")​  476,727​  1,285,819​Loans held for investment​  7,548,323​  7,941,393​Less: Allowance for credit losses​  (37,560)​  (32,302)​Total loans held for investment, net​  7,510,763​  7,909,091​​​​​​​​​Investment in Federal Home Loan Bank ("FHLB") stock​​ 50,077​  37,869​Accrued interest receivable​​ 50,538​​ 54,804​Deferred taxes​  87,006​  76,650​Premises and equipment, net​  35,890​  35,806​Real estate owned ("REO")​​ 6,210​​ 6,210​Bank owned life insurance​​ 50,686​​ 49,993​Core deposit intangibles​​ 2,947​​ 3,558​Derivative assets​​ —​​ 5,086​Other assets​  128,975​  138,257​Total Assets​$ 11,588,