FIRST FOUNDATION INC. FFWM Balance Sheet

First foundation inc. (FFWM)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13
ASSETS
Cash and cash equivalents
40	65	268	84	80	67	54	370	177	120	123	128	75	597	496	444	52	215	206	172	35	29	28	19	50	56
Securities available-for-sale (“AFS”)
961	1,014	1,042	773	788	809	799	492	513	519	471	483	493	509	542	532	548	565	360	144	136	138	134	118	73	59
Loans held for sale
520	503	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans, net of deferred fees
4,805	4,547	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for credit losses (“ACL”)
23	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loans
4,782	4,526	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans held for sale
-	-	501	622	613	507	-	644	148	154	153	150	206	250	200	468	260	-	108	113	-	-	-	-	-	-
Loans, net of deferred fees
-	-	4,374	4,631	4,336	4,293	4,450	4,287	3,914	3,663	3,256	3,090	2,865	2,555	2,308	2,003	1,793	1,765	1,536	1,405	1,269	1,166	1,101	1,007	948	903
Allowance for loan and lease losses (“ALLL”)
-	-	20	20	19	19	19	19	20	18	17	16	15	15	13	12	11	10	11	10	10	10	10	10	10	9
Net loans
-	-	4,353	4,611	4,316	4,274	4,431	4,268	3,894	3,645	3,239	3,074	2,850	2,540	2,295	1,991	1,782	1,754	1,524	1,394	1,258	1,156	1,091	997	938	893
Premises and equipment, net
8	8	8	8	9	9	8	9	6	6	6	7	6	6	5	4	4	2	2	2	2	2	2	2	2	3
Investment in FHLB stock
21	21	17	19	22	20	17	22	22	19	17	22	17	33	25	25	17	21	17	13	17	12	9	9	6	6
Deferred taxes
9	11	9	9	12	13	18	18	13	12	14	15	16	16	10	10	11	15	11	13	9	9	10	10	11	12
Real estate owned (“REO”)
-	-	-	0	0	0	1	2	2	2	1	1	1	1	0	1	0	4	4	4	0	0	0	1	1	0
Goodwill and intangibles
96	97	97	98	98	99	99	100	33	33	2	2	2	2	2	2	2	2	2	1	-	0	-	-	-	-
Other assets
73	66	58	57	57	38	32	36	29	27	21	17	16	15	14	12	11	10	9	8	6	6	6	5	5	5
Total Assets
6,513	6,314	6,358	6,285	6,001	5,840	5,466	5,966	4,842	4,541	4,051	3,903	3,687	3,975	3,593	3,492	2,690	2,592	2,248	1,869	1,466	1,355	1,284	1,164	1,090	1,037
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits
5,030	4,891	5,170	4,743	4,568	4,532	4,668	4,632	3,636	3,443	3,268	3,107	2,780	2,426	2,338	2,265	1,773	1,522	1,321	1,266	961	962	951	857	854	802
Borrowings
794	743	520	882	800	708	232	791	769	678	421	461	602	1,250	951	938	633	796	660	472	393	282	228	208	140	141
Accounts payable and other liabilities
65	66	63	73	64	40	34	24	24	24	20	17	13	14	16	11	13	14	9	9	8	10	10	7	5	7
Total Liabilities
5,890	5,700	5,753	5,699	5,432	5,281	4,935	5,448	4,430	4,146	3,710	3,586	3,396	3,691	3,306	3,215	2,419	2,332	1,991	1,747	1,363	1,255	1,190	1,072	1,001	950
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Shareholders’ Equity
Common Stock, par value $0.001: 70,000,000 shares authorized; 44,615,466 and 44,670,743 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in-capital
432	433	433	432	432	431	431	430	327	314	260	247	234	232	231	230	228	227	226	95	78	78	76	76	76	76
Retained earnings
185	175	162	147	137	128	114	99	94	85	82	72	63	57	50	40	37	33	28	25	23	20	17	14	13	11
Accumulated other comprehensive income (loss), net of tax
4	4	8	6	-1	-1	-14	-12	-10	-5	-2	-3	-5	-5	5	6	4	-1	1	0	1	0	-0	0	-1	-1
Total Shareholders’ Equity
623	613	604	586	568	559	530	517	412	394	340	316	291	284	287	277	270	259	257	122	103	99	93	91	88	86
Total Liabilities and Shareholders’ Equity
6,513	6,314	6,358	6,285	6,001	5,840	5,466	5,966	4,842	4,541	4,051	3,903	3,687	3,975	3,593	3,492	2,690	2,592	2,248	1,869	1,466	1,355	1,284	1,164	1,090	1,037