Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 74

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 74
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. In addition, for 2024 and 2023, the Compensation Committee set a credit quality goal, the ratio of nonperforming assets (“NPAs”) to total assets. The following schedule sets forth the goals and actual results for the years ended December 31:

| ($ in 000’s)                   
 Income before taxes:           | ​ 
 ​ | ​ 
 ​ | 2024 
 ​    | ​ |        ​ | ​ | ​ 
 ​ | ​ 
 ​ | 2023 
 ​    | ​ |        ​ | ​ | ​ 
 ​ | ​ 
 ​ | 2022 
 ​    | ​ |       ​ | ​ | ​ 
 ​ |
|:-------------------------------|:--|:--|:-----|:--|---------:|:--|:--|:--|:-----|:--|---------:|:--|:--|:--|:-----|:--|--------:|:--|:--|
| Budget                         | ​ | ​ | ​    | $ |   17,236 | ​ | ​ | ​ | ​    | $ |   30,608 | ​ | ​ | ​ | ​    | $ | 164,877 | ​ | ​ |
| Actual                         | ​ | ​ | ​    | ​ | -137,380 | ​ | ​ | ​ | ​    | ​ | -200,064 | ​ | ​ | ​ | ​    | ​ | 149,803 | ​ | ​ |
| Ratio of NPAs to total assets: | ​ | ​ | ​    | ​ |        ​ | ​ | ​ | ​ | ​    | ​ |        ​ | ​ | ​ | ​ | ​    | ​ |       ​ | ​ | ​ |
| Goal                           | ​ | ​ | ​    | ​ |    0.50% | ​ | ​ | ​ | ​    | ​ |    0.50% | ​ | ​ | ​ | ​    | ​ |   0.50% | ​ | ​ |
| Actual                         | ​ | ​ | ​    | ​ |    0.37% | ​ | ​ | ​ | ​    | ​ |    0.15% | ​ | ​ | ​ | ​    | ​ |   0.13% | ​ | ​ |

45

TABLE OF CONTENTS For 2022, the Company met its subjective goals with regards to compliance with rules and regulations. However