First foundation inc. (FFWM)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash Flows from Operating Activities:
Net income

13,211

15,214

17,356

12,410

11,259

14,129

14,707

5,146

8,976

2,273

9,580

9,616

6,113

6,517

9,058

3,941

3,787

5,048

2,762

2,942

2,626

3,006

2,659

1,267

1,462

3,488

1,453

1,852

1,058

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses - loans

2,279

-

-

-

540

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses – securities AFS

1,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

73

9

2,450

1,688

900

701

1,092

69

1,800

1,231

1,250

400

1,200

570

753

150

0

0

0

235

642

445

686

622

Stock–based compensation expense

767

264

347

297

692

418

507

510

1,165

888

250

220

442

187

220

175

317

230

130

101

152

64

89

152

146

142

144

137

156

Depreciation and amortization

763

763

776

742

738

667

767

653

664

619

602

610

553

520

484

458

396

355

345

324

326

282

301

320

328

319

272

239

210

Deferred tax expense

1,722

34

-792

-49

734

425

325

52

390

4,488

-250

-453

726

579

1,380

-1,156

534

-798

-383

-500

-185

89

-88

52

523

-1,948

322

-173

532

Amortization of core deposit intangible

519

526

537

598

630

639

649

430

325

238

47

54

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of mortgage servicing rights – net

361

96

879

0

320

335

268

239

234

197

148

106

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premiums on purchased loans – net

4,174

678

342

1,718

2,171

2,507

3,135

393

654

156

86

421

-77

445

432

228

95

89

252

40

231

-3,891

2,622

0

-1,041

-

-

-

-

Gain on sale of REO

-

0

479

145

118

-

-

-

-

0

0

0

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of loans

-

-

-

-

-

0

1,364

-1,490

545

2,717

1,962

2,050

300

574

7,238

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain from hedging activities

36

0

300

64

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

997

-1

311

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in other assets

7,355

826

160

2,226

-887

5,847

-3,295

-1,310

2,336

-2,907

2,745

205

1,498

660

220

707

502

1,579

184

2,018

-126

451

432

84

277

416

-155

366

-261

Decrease in accounts payable and other liabilities

-8,973

-2,829

9,218

1,568

-2,028

-129

10,494

-6,098

169

568

3,014

4,108

-584

-2,293

4,801

-2,051

-780

4,755

1,553

-854

-713

-249

3,384

1,475

-1,550

-71

1,054

2,380

-2,660

Net cash provided by operating activities

884

13,291

23,310

12,644

11,192

8,594

26,522

5,789

10,076

10,243

9,299

12,831

5,499

6,054

8,287

1,683

3,746

6,574

4,336

708

2,251

2,012

4,990

2,527

-174

1,895

887

5,005

179

Net increase in loans

263,552

174,402

193,967

292,863

141,346

343,475

136,469

352,576

296,711

348,899

280,819

321,989

286,518

340,150

301,054

419,583

287,499

223,702

127,630

172,407

102,506

63,888

93,741

58,984

45,658

57,920

43,972

12,842

42,885

Proceeds from sale of loans

-

-

-

-

-

-292

621,934

1

52,376

168,774

112,966

154,773

20,985

41,704

270,005

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of REO

-

0

944

145

468

840

982

0

755

0

0

0

438

210

740

0

3,702

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of premises and equipment

977

424

624

329

852

592

647

672

799

468

111

963

693

1,908

1,052

782

2,193

611

393

126

623

17

79

16

57

444

747

616

98

Recovery of allowance for credit losses

451

-

-

-

208

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of AFS securities

3,000

-

-

-

-

15,119

329,463

937

20,000

19,000

6,283

2,401

1,654

14,785

99,791

3,760

27,278

-

-

-

-

4,888

20,444

44,212

13,983

9,881

11,638

16,248

24,897

Maturities of AFS securities

55,443

22,526

26,097

26,420

20,537

24,470

19,259

18,590

18,880

20,425

19,530

17,094

16,544

30,413

23,585

23,253

13,877

11,178

4,123

4,688

2,837

3,273

3,250

1,260

605

-

-

-

-

Proceeds from sale of AFS securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,690

0

39,456

-

-

-

-

-

-

-

-

-

-

126

5,515

Sale (purchases) of FHLB stock, net

-351

4,269

-1,974

-3,510

2,427

3,057

-5,457

-3,148

3,566

0

-5,322

5,246

-16,424

8,073

351

8,235

-4,401

3,672

4,530

-3,923

4,700

2,585

611

2,585

-141

814

-873

-867

-853

Net cash used in investing activities

-211,284

-157,747

117,482

-263,362

-123,412

-336,656

181,053

-274,882

-249,065

-26,380

-149,395

-158,732

-234,474

-292,589

-43,228

-409,107

-255,534

-334,017

-344,621

-132,841

-104,992

-68,105

-109,957

-102,251

-59,993

-68,526

-55,050

-28,713

-61,512

Increase in deposits

-139,683

279,422

-426,624

-175,240

-35,734

135,739

-35,757

-519,173

-192,665

236,760

-161,322

-327,027

-353,582

-88,058

-73,141

-492,490

-250,930

-200,649

-55,209

-185,320

1,797

-11,790

-93,999

-2,481

-52,647

-40,678

-181,808

15,103

55,087

FHLB advances and other Bank borrowings – net increase

-51,000

-233,000

362,000

-67,000

-92,000

-506,000

554,000

67,570

-111,000

-222,000

30,035

145,965

668,000

-299,000

-13,000

-305,000

163,000

-136,000

-217,000

-80,000

-100,000

-203,000

21,000

68,000

-15,000

27,000

-1,562

-6,438

15,000

Line of credit net change – borrowings (paydowns), net

-

-

-

-

-

-30,000

-5,000

10,000

-20,000

35,000

-10,000

5,000

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term note - borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

10,114

0

0

0

15,000

-

-

-

-

Term note - payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

796

597

596

188

-

-

-

-

Dividends paid

3,132

2,233

2,232

2,232

2,230

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of stock, net

645

52

147

38

97

675

213

524

12,286

1,081

13,074

12,812

1,419

610

1,095

1,635

927

204

130,820

5,089

50

-

-

-

-

5,741

-1

1

581

Repurchase of stock

2,824

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

185,372

-58,603

42,657

255,022

125,601

340,439

-523,030

462,127

295,951

13,321

134,361

198,874

-292,999

387,668

87,236

799,125

88,857

336,853

373,779

269,659

108,367

66,943

114,402

69,885

52,459

73,232

64,239

21,542

40,668

Increase (decrease) in cash and cash equivalents

-25,028

-203,059

183,449

4,304

13,381

12,377

-315,455

193,034

56,962

-2,816

-5,735

52,973

-521,974

101,133

52,295

391,701

-162,931

9,410

33,494

137,526

5,626

850

9,435

-30,880

-6,667

6,601

10,076

-2,166

-20,665

Supplemental disclosures of cash flow information:
Income taxes

-

9,190

5,650

8,635

149

5,373

183

11,072

18

3,520

5,730

5,150

255

7,106

2,900

5,000

2,150

2,400

2,700

4,200

750

2,893

1,076

1,325

100

0

1,300

1,015

1,175

Interest

19,804

19,364

18,329

20,009

17,447

14,411

12,566

10,532

8,534

6,351

5,921

5,605

3,827

3,361

2,584

2,549

2,201

1,638

1,624

1,640

1,180

1,418

1,233

1,079

855

1,090

847

852

717

Noncash transactions:
Transfer of loans to loans held for sale

10,163

1,339

452,054

47

101,397

503,111

-20,428

498,457

46,338

167,534

136,327

98,122

-44,521

50,978

466

208,202

260,075

-

-

-

-

-

-

-

-

-

-

-

-

Chargeoffs against allowance for credit losses

530

-

-

-

548

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing rights from loan sales

-

-

-

-

-

0

2,329

0

317

-

-

-

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Chargeoffs (recoveries) against allowance for loans losses

-

-

-

-

-

642

9

3,450

88

0

1

-8

-231

-

-

-

-

-

-

-

-

-

-

-

-

72

0

-4

752

Acquisition reconciliation – goodwill/deferred taxes

-

-

-

-

-

-

0

0

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer from loans to REO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

334

0

1,500

-

-

-

-