First foundation inc. (FFWM)
CashFlow / TTM
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

58,191

56,239

55,154

52,505

45,241

42,958

31,102

25,975

30,445

27,582

31,826

31,304

25,629

23,303

21,834

15,538

14,539

13,378

11,336

11,233

9,558

8,394

8,876

7,670

8,255

7,851

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses – securities AFS

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

4,220

5,047

5,739

4,381

2,762

3,662

4,192

4,350

4,681

4,081

3,420

2,923

2,673

1,473

903

150

235

877

1,322

2,008

2,395

0

0

0

Stock–based compensation expense

1,675

1,600

1,754

1,914

2,127

2,600

3,070

2,813

2,523

1,800

1,099

1,069

1,024

899

942

852

778

613

447

406

457

451

529

584

569

579

0

0

0

Depreciation and amortization

3,044

3,019

2,923

2,914

2,825

2,751

2,703

2,538

2,495

2,384

2,285

2,167

2,015

1,858

1,693

1,554

1,420

1,350

1,277

1,233

1,229

1,231

1,268

1,239

1,158

1,040

0

0

0

Deferred tax expense

915

-73

318

1,435

1,536

1,192

5,255

4,680

4,175

4,511

602

2,232

1,529

1,337

-40

-1,803

-1,147

-1,866

-979

-684

-132

576

-1,461

-1,051

-1,276

-1,267

0

0

0

Amortization of core deposit intangible

2,180

2,291

2,404

2,516

2,348

2,043

1,642

1,040

664

394

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of mortgage servicing rights – net

1,336

1,295

1,534

923

1,162

1,076

938

818

685

555

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premiums on purchased loans – net

6,912

4,909

6,738

9,531

8,206

6,689

4,338

1,289

1,317

586

875

1,221

1,028

1,200

844

664

476

612

-3,368

-998

-1,038

-2,310

0

0

0

-

-

-

-

Gain on sale of REO

-

742

0

0

0

-

-

-

-

104

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of loans

-

-

-

-

-

419

3,136

3,734

7,274

7,029

4,886

10,162

8,112

7,812

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain from hedging activities

400

655

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in other assets

10,567

2,325

7,346

3,891

355

3,578

-5,176

864

2,379

1,541

5,108

2,583

3,085

2,089

3,008

2,972

4,283

3,655

2,527

2,775

841

1,244

1,209

622

904

366

0

0

0

Decrease in accounts payable and other liabilities

-1,016

5,929

8,629

9,905

2,239

4,436

5,133

-2,347

7,859

7,106

4,245

6,032

-127

-323

6,725

3,477

4,674

4,741

-263

1,568

3,897

3,060

3,238

908

1,813

703

0

0

0

Net cash provided by operating activities

50,129

60,437

55,740

58,952

52,097

50,981

52,630

35,407

42,449

37,872

33,683

32,671

21,523

19,770

20,290

16,339

15,364

13,869

9,307

9,961

11,780

9,355

9,238

5,135

7,613

7,966

0

0

0

Net increase in loans

924,784

802,578

971,651

914,153

973,866

1,129,231

1,134,655

1,279,005

1,248,418

1,238,225

1,229,476

1,249,711

1,347,305

1,348,286

1,231,838

1,058,414

811,238

626,245

466,431

432,542

319,119

262,271

256,303

206,534

160,392

157,619

0

0

0

Proceeds from sale of loans

-

-

-

-

-

674,019

843,085

334,117

488,889

457,498

330,428

487,467

332,694

311,709

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of REO

-

1,557

2,397

2,435

2,290

2,577

1,737

755

755

438

648

1,388

1,388

4,652

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of premises and equipment

2,354

2,229

2,397

2,420

2,763

2,710

2,586

2,050

2,341

2,235

3,675

4,616

4,435

5,935

4,638

3,979

3,323

1,753

1,159

845

735

169

596

1,264

1,864

1,905

0

0

0

Recovery of allowance for credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of AFS securities

0

-

-

-

-

365,519

369,400

46,220

47,684

29,338

25,123

118,631

119,990

145,614

0

0

0

-

-

-

-

83,527

88,520

79,714

51,750

62,664

0

0

0

Maturities of AFS securities

130,486

95,580

97,524

90,686

82,856

81,199

77,154

77,425

75,929

73,593

83,581

87,636

93,795

91,128

71,893

52,431

33,866

22,826

14,921

14,048

10,620

8,388

0

0

0

-

-

-

-

Proceeds from sale of AFS securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

Sale (purchases) of FHLB stock, net

-1,566

1,212

0

-3,483

-3,121

-1,982

-5,039

-4,904

3,490

-16,500

-8,427

-2,754

235

12,258

7,857

12,036

-122

8,979

7,892

3,973

10,481

5,640

3,869

2,385

-1,067

-1,779

0

0

0

Net cash used in investing activities

-514,911

-427,039

-605,948

-542,377

-553,897

-679,550

-369,274

-699,722

-583,572

-568,981

-835,190

-729,023

-979,398

-1,000,458

-1,041,886

-1,343,279

-1,067,013

-916,471

-650,559

-415,895

-385,305

-340,306

-340,727

-285,820

-212,282

-213,801

0

0

0

Increase in deposits

-462,125

-358,176

-501,859

-110,992

-454,925

-611,856

-510,835

-636,400

-444,254

-605,171

-929,989

-841,808

-1,007,271

-904,619

-1,017,210

-999,278

-692,108

-439,381

-250,522

-289,312

-106,473

-160,917

-189,805

-277,614

-260,030

-152,296

0

0

0

FHLB advances and other Bank borrowings – net increase

11,000

-30,000

-303,000

-111,000

23,570

4,570

288,570

-235,395

-157,000

622,000

545,000

501,965

51,000

-454,000

-291,000

-495,000

-270,000

-533,000

-600,000

-362,000

-214,000

-129,000

101,000

78,438

4,000

34,000

0

0

0

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

-

-

-

-

-

-45,000

20,000

15,000

10,000

50,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term note - borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,114

10,114

10,114

10,114

15,000

0

0

0

-

-

-

-

Term note - payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,177

0

0

0

-

-

-

-

Dividends paid

9,829

8,927

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of stock, net

882

334

957

1,023

1,509

13,698

14,104

26,965

39,253

28,386

27,915

15,936

4,759

4,267

3,861

133,586

137,040

136,163

0

0

0

-

-

-

-

6,322

0

0

0

Repurchase of stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

424,448

364,677

763,719

198,032

405,137

575,487

248,369

905,760

642,507

53,557

427,904

380,779

981,030

1,362,886

1,312,071

1,598,614

1,069,148

1,088,658

818,748

559,371

359,597

303,689

309,978

259,815

211,472

199,681

0

0

0

Increase (decrease) in cash and cash equivalents

-40,334

-1,925

213,511

-285,393

-96,663

-53,082

-68,275

241,445

101,384

-477,552

-373,603

-315,573

23,155

382,198

290,475

271,674

17,499

186,056

177,496

153,437

-14,969

-27,262

-21,511

-20,870

7,844

-6,154

0

0

0

Supplemental disclosures of cash flow information:
Income taxes

-

23,624

19,807

14,340

16,777

16,646

14,793

20,340

14,418

14,655

18,241

15,411

15,261

17,156

12,450

12,250

11,450

10,050

10,543

8,919

6,044

5,394

2,501

2,725

2,415

3,490

0

0

0

Interest

77,506

75,149

70,196

64,433

54,956

46,043

37,983

31,338

26,411

21,704

18,714

15,377

12,321

10,695

8,972

8,012

7,103

6,082

5,862

5,471

4,910

4,585

4,257

3,871

3,644

3,506

0

0

0

Noncash transactions:
Transfer of loans to loans held for sale

463,603

554,837

1,056,609

584,127

1,082,537

1,027,478

691,901

848,656

448,321

357,462

240,906

105,045

215,125

519,721

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Chargeoffs against allowance for credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing rights from loan sales

-

-

-

-

-

2,646

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Chargeoffs (recoveries) against allowance for loans losses

-

-

-

-

-

4,189

3,547

3,539

81

-238

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

820

0

0

0

Acquisition reconciliation – goodwill/deferred taxes

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer from loans to REO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,834

0

0

0

-

-

-

-