Banks | First Foundation Bank

First Foundation Bank


First Foundation Bank is an FDIC insured institution headquartered at 18101 Von Karman Ave, Irvine, CA 92612.
It was founded in 2007 and has approximately $14 billion in assets. Customers can open an account at one of its 16 branches.

Deposit Rates - September 8, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58647
Date Established 2007
Assets $ 13.56 billion
Loans $ 10.06 billion
Deposits $ 10.66 billion
Capital $ 1,074.39 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 1,587.69 million
Interest-bearing balances $ 1,552.53 million
Total securities $ 1,572.92 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 10.06 billion
Loan loss allowance $ 29.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.21 million
Goodwill and other intangibles $ 9.34 million
All other assets $ 212.19 million
     Total Assets $ 12.48 billion

LIABILITIES
Total deposits $ 10.66 billion
      Interest-bearing deposits $ 8.81 billion
      Deposits held in domestic offices $ 10.66 billion
      % insured (estimated) 74.39%
Federal funds purchased and repurchase agreements $ 76.10 million
Trading liabilities N.A.
Other borrowed funds $ 149.00 million
Subordinated debt N.A.
All other liabilities $ 102.00 millionn
      Total Liabilities $ 12.48 billion
      Shareholders’ Equity $ 1,074.39 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 151.54 million
Total Interest Expense $ 110.36 million
Net interest income $ 41.18 million
Provision for loan and lease losses $ 0.58 million
Total non interest income $ 4.36 million
Total non interest expense $ 44.53 million
Pre-tax Net Operating Income $ 91.10 million


*Should any logos, images or public notes appear on this page,they do so courtesy of First Foundation Bank and are not subject to approval of RatesAndInfo.com. RatesAndInfo.com expressly disclaims all responsibility for this content.

Customer Reviews for First Foundation Bank (2)

Rated 5.00 stars out of 5 - based on 2 reviews

  • This is just a wonderful bank to do business with. I have some concerns about all of these smaller California banks so my husband and I just stay below FDIC insurance amounts ($500,000 as a couple). It is still very rewarding.

  • Never a problem.

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