Company: FFWM
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001104659-25-109187
Chunk: 2

Company: First Foundation Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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ITEM 1.FINANCIAL STATEMENTS

FIRST FOUNDATION INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

​

​​​​​​​​​​September 30, ​December 31, ​​​2025​2024​​​​(unaudited)​​​​ASSETS    ​      ​  ​Cash and cash equivalents​$ 1,726,969​$ 1,016,132​​​​​​​​​Securities available-for-sale ("AFS"), at fair value (amortized cost of $1,556,876 and $1,335,225 at September 30, 2025 and December 31, 2024 respectively; net of allowance for credit losses of $634 and $4,134 at September 30, 2025 and December 31, 2024 respectively)​  1,555,139​  1,313,885​Securities held-to-maturity ("HTM") (fair value of $597,294 and $636,840 at September 30, 2025 and December 31, 2024, respectively)​​ 647,619​​ 712,105​Loans held for sale ("LHFS")​  467,277​  1,285,819​Loans held for investment​  7,302,415​  7,941,393​Less: Allowance for credit losses​  (101,913)​  (32,302)​Total loans held for investment, net​  7,200,502​  7,909,091​​​​​​​​​Investment in Federal Home Loan Bank ("FHLB") stock​​ 43,616​  37,869​Accrued interest receivable​​ 45,103​​ 54,804​Deferred taxes, net​  —​  76,650​Premises and equipment, net​  35,420​  35,806​Real estate owned ("REO")​​ 6,210​​ 6,210​Bank owned life insurance​​ 51,044​​ 49,993​Core deposit intangibles​​ 2,672​​ 3,558​Derivative assets​​ —​​ 5,086​Other assets​  128,473​  138,257​Total Assets​$ 11,910,044