Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
949-476-0300
18101 Von Karman Ave, # 750
Irvine, CA 92612

First Foundation Bank is headquartered in Irvine and is the 52nd largest bank in the state of California. It is also the 618st largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 137 employees at 7 locations. First Foundation Bank has a A health rating.

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Foundation Bank had $8.95 million in non-current loans and owned real-estate with $108.57 million in equity and loan loss allowances on hand to cover it. This gives First Foundation Bank a Texas Ratio of 8.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First Foundation Bank decreased slightly from 10.20% as of March 31, 2013 to 8.25% as of March 31, 2014, resulting in a positive change of 19.13%.This indicates that the balance sheet and financial strength for First Foundation Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Foundation Bank has increased its total deposits by $158.37 million, resulting in 22.37% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Foundation Bank has shown is excellent.

Capitalization

GRADE:
B

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Foundation Bank has $1.09 billion in assets with $108.57 million in equity, resulting in a capitalization level of 9.99%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58647
Year Established2007
Employees137
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.09 billion
Loans$938.37 million
Deposits$866.17 million
Equity Capital$98.42 million
Loan Loss Allowance$10.15 million
Unbacked Noncurrent Loans$7.08 million
Real Estate Owned$1.88 million
Historic Data - March 2013
Assets$865.91 million
Equity Capital$70.61 million
Loan Loss Allowance$8.21 million
Unbacked Noncurrent Loans$7.08 million
Real Estate Owned$625,000
Profit Margin - Quarterly
Net Interest Margin3.88%
Return on Assets0.81%
Return on Equity9.3%
Interest Income$10.81 million
Rates

Sorry, we do not have rate data for First Foundation Bank

Locations


First Foundation Bank Locations
Los Angeles Branch10850 Wilshire Blvd, Suite 100Los Angeles, CA 90024
El Centro Branch1599 West Main StreetEl Centro, CA 92243
First Foundation Bank18101 Von Karman Avenue, Suite 750Irvine, CA 92612
Pasadena Office Branch301 N. Lake Ave Suite 115Pasadena, CA 91101
Palm Desert Branch44-801 Village Court DrivePalm Desert, CA 92260
San Diego Office Branch4510 Executive Dr, Ste 150San Diego, CA 92121
Las Vegas Branch6725 Via Austi Pkwy Ste 100Las Vegas, NV 89119