First Foundation Bank

18101 Von Karman Avenue, Suite 750
Irvine, CA 92612

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58647
Date Established 2007
Assets $5.84 billion
Loans $4.78 billion
Deposits $4.55 billion
Capital $0.55 billion

First Foundation Bank is an FDIC insured institution located in Irvine, CA. It was founded in 2007 and has approximately $5.84 billion in assets. Customers can open an account at one of its 16 branches.

For a more detailed analysis of First Foundation Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in First Foundation Bank’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in California, First Foundation Bank has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.66
Multifamily
Mortgages
51.76
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.51
Construction and Development Loans 1.71
Commercial Real Estate 18.26
Commercial and Industrial Loans 6.61
Farm Loans 0.00

Deposit Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1 $9,999 Learn MoreShow Less
Money Market
0.25% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $2,500 $99,999 Learn MoreShow Less
3 Mo CD
0.25% $100,000 - Learn MoreShow Less
6 Mo CD
0.55% $2,500 $99,999 Learn MoreShow Less
6 Mo CD
0.60% $100,000 - Learn MoreShow Less
Special: 12 Mo CD
2.50% $2,500 - Learn MoreShow Less
12 Mo CD
1.10% $2,500 $99,999 Learn MoreShow Less
12 Mo CD
1.25% $100,000 - Learn MoreShow Less
24 Mo CD
1.10% $2,500 $99,999 Learn MoreShow Less
24 Mo CD
1.25% $100,000 - Learn MoreShow Less
36 Mo CD
1.10% $1 $99,999 Learn MoreShow Less
36 Mo CD
1.25% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.10% $2,500 $9,999 Learn MoreShow Less
Special: 12 Mo FIRA
2.50% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 - Learn MoreShow Less

Loan Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Foundation Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to First Foundation Bank
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Branches

First Foundation Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Foundation Bank Locations


Financial Details

First Foundation Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Foundation Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Foundation Bank U.S. Bank Average
2.35% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, First Foundation Bank had $12,576,000 in non-current loans and $815,000 in owned real estate. To cover these potential losses it had $550,922,000 in equity and $19,000,000 in loans loss reserves. That gives it a Texas Ratio of 2.35%.

Return on Equity
First Foundation Bank U.S. Bank Average
9.07% 8.80%

First Foundation Bank has a Return on Equity of 9.07% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Foundation Bank U.S. Bank Average
9.44% 12.29%

First Foundation Bank has a Capitalization of 9.44% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Foundation Bank Balance Sheet Analysis

As of December 31, 2018, First Foundation Bank had assets of $5,836,784,000, loans of $4,782,313,000, and deposits of $4,547,396,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.07 billion
Interest-bearing balances $0.03 billion
Total securities $0.81 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $4.78 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.11 billion
All other assets $0.06 billion
     Total Assets $5.29 billion
LIABILITIES
Total deposits $4.55 billion
      Interest-bearing deposits $3.46 billion
      Deposits held in domestic offices $4.55 billion
      % insured (estimated) 80.85%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.70 billion
Subordinated debt $0.00 billion
All other liabilities $0.04 billion
      Total Liabilities $5.29 billion
      Shareholders’ Equity $0.55 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.21 billion
Total Interest Expense $0.05 billion
Net interest income $0.16 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.10 billion
Pre-tax Net Operating Income $0.06 billion

Frequently Asked Questions About First Foundation Bank

Branches and Savings

Is First Foundation Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58647.

Why does First Foundation Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Foundation Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Foundation Bank a commercial bank?

Yes

Where are First Foundation Bank locations?

See branch locations nearby.

Is First Foundation Bank open on Saturdays?

Is First Foundation Bank open on Sundays?

What time does First Foundation Bank open?

What time does First Foundation Bank close?

Are First Foundation Bank ATMs Open 24/7?

Do First Foundation Bank ATMs accept cash deposits?

Can First Foundation Bank customers use other ATMs?

Do First Foundation Bank branches have notaries?

Will First Foundation Bank notarize my document?

What address for First Foundation Bank should I put for incoming ACH transfers?

Will the First Foundation Bank branch print checks?

Do First Foundation Bank checks expire?

Does First Foundation Bank require US citizenship to open account?

Can First Foundation Bank close my account?

Does First Foundation Bank Report to credit bureaus?

Does First Foundation Bank Use Equifax?

What is First Foundation Bank's ACH Routing Number?

What is First Foundation Bank's SWIFT code?

Products

Does First Foundation Bank offer mortgages?

Compare mortgage rates here.

Does First Foundation Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Foundation Bank offer personal loans?

Compare personal loan rates here.

Does First Foundation Bank offer student loans?

Will First Foundation Bank cash a check?

Will First Foundation Bank redeem a savings bond?

Does First Foundation Bank cash savings bonds?

Will First Foundation Bank cash money orders?

Can First Foundation Bank issue a money order?

Does First Foundation Bank do currency exchange?

Background on The Bank

Who owns First Foundation Bank?

How long has First Foundation Bank been around?

Can First Foundation Bank transfer to other banks?

Does First Foundation Bank have quick pay?

Does First Foundation Bank accept rolled coins?

Will First Foundation Bank accept loose change?

Where is First Foundation Bank headquarters?

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