First Foundation Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,625	57.13	1,327	656.49	1,122
Investment Securities	3,065	181.18	182.24	201.99	236.98
Trading Asset Securities	8.79	5.09	-	-	-
Mortgage-Backed Securities	-	1,263	649.67	886.72	954.39
Total Investments	3,074	1,449	831.91	1,089	1,191
Gross Loans	6,729	7,941	10,178	10,726	6,907
Allowance for Loan Losses	-93.85	-32.3	-29.21	-33.73	-33.78
Net Loans	6,635	7,909	10,149	10,692	6,873
Property, Plant & Equipment	34.66	58.12	66.38	67.35	57.3
Goodwill	-	-	-	215.25	213.63
Other Intangible Assets	2.4	3.56	4.95	6.58	8.5
Loans Held for Sale	261.45	1,286	-	-	501.44
Accrued Interest Receivable	45.82	54.8	54.16	51.36	-
Other Receivables	-	-	-	-	6
Restricted Cash	-	959	-	-	-
Long-Term Deferred Tax Assets	-	76.65	29.14	24.2	20.84
Other Real Estate Owned & Foreclosed	6.21	6.21	8.38	6.21	6.21
Other Long-Term Assets	176.13	748.14	832.48	180.21	177.96
Total Assets	11,904	12,645	13,327	13,014	10,196
Accounts Payable	95.94	65.47	65.57	114.84	89.49
Interest Bearing Deposits	8,049	7,686	8,767	7,190	5,165
Institutional Deposits	-	227.69	454.61	436	367
Non-Interest Bearing Deposits	1,236	1,957	1,468	2,737	3,280
Total Deposits	9,285	9,870	10,689	10,363	8,812
Short-Term Borrowings	6.94	25	224	976	165
Current Portion of Long-Term Debt	-	-	-	20	-
Current Portion of Leases	-	6.82	-	-	-
Accrued Interest Payable	-	27.7	36.7	-	-
Long-Term Debt	1,604	173.83	458.45	373.94	45.13
Federal Home Loan Bank Debt, Long-Term	-	1,400	900	-	-
Long-Term Leases	-	21.5	28.25	32.42	20.58
Other Long-Term Liabilities	-	1.3	-	-	-
Total Liabilities	10,991	11,592	12,402	11,880	9,132
Preferred Stock, Convertible	86.8	87.65	-	-	-
Common Stock	0.08	0.08	0.06	0.06	0.06
Additional Paid-In Capital	855.27	849.51	720.9	719.61	720.74
Retained Earnings	-30.12	125.04	218.58	426.66	340.98
Comprehensive Income & Other	0.56	-8.92	-14.19	-11.94	2.28
Total Common Equity	825.79	965.71	925.34	1,134	1,064
Shareholders' Equity	912.59	1,053	925.34	1,134	1,064
Total Liabilities & Equity	11,904	12,645	13,327	13,014	10,196
Total Debt	1,611	1,627	1,611	1,402	230.7
Net Cash (Debt)	22.68	-1,565	-284.07	-745.86	891.06
Net Cash Growth	-	-	-	-	147.03%
Net Cash Per Share	0.27	-23.86	-5.03	-13.20	19.60
Filing Date Shares Outstanding	82.88	82.37	56.47	56.35	56.43
Total Common Shares Outstanding	82.88	82.37	56.47	56.33	56.43
Book Value Per Share	9.96	11.72	16.39	20.14	18.86
Tangible Book Value	823.39	962.16	920.4	912.54	841.93
Tangible Book Value Per Share	9.93	11.68	16.30	16.20	14.92

Source: S&P Global Market Intelligence. Banks template. Financial Sources.