First Foundation Bank in city_name, state_name - Detailed Financial Reports, Location

First Foundation Bank in Irvine, California (CA)
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First Foundation Bank - Overview

General
FDIC Certificate #: 58647
Status: Active
Federal Reserve ID: 3637685
Date Established: October 01, 2007
WWW: http://www.firstfoundationbank.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 18049
FDIC's unique #: 461041
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: October 01, 2007
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 2600 Michelson Avenue, Suite 140, Irvine, CA 92612
County: Orange
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Orange
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $548.6 mil
Equity capital: $44.0 mil
Deposits held in domestic offices: $409.9 mil
Return on assets (ROA): 1.90% ($10.4 mil)
Quarterly return on assets: 1.31% ($7.2 mil)
Return on Equity (ROE): 23.68% ($10.4 mil)
Quarterly return on equity: 16.14% ($7.1 mil)
Net income: $9.2 mil
Quarterly Net income: $1.7 mil
Pretax return on assets: 2.23% ($12,233.2 mil)
Quarterly Pretax return on assets: 1.86% ($10,203.5 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
68Total employees (full-time equivalent)
$548,574Total assets
$9,594Cash and due from depository institutions
$4,064Interest-bearing balances
$10,186Securities
$0Federal funds sold & reverse repurchase agreements
$516,861Net loans & leases
$6,550Loan loss allowance
$0Trading account assets
$757Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$548,574Life insurance assets
$11,176All other assets
$504,551Total liabilities and capital
$409,947Total liabilities
$340,575Total deposits
$409,947Interest-bearing deposits
$78Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$91,000Trading liabilities
$0Other borrowed funds
$3,604Subordinated debt
$44,023All other liabilities
$44,023Total equity capital
$44,023Total bank equity capital
$0Perpetual preferred stock
$39,000Common stock
$2,127Surplus
$2,896Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$1,836Long-term assets (5+ years)
$531,111Average Assets, year-to-date
$0Average Assets, quarterly
$484,963Volatile liabilities
$532,963Insider loans
$360,855FHLB advances
$548,588Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$44,037Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$40,838Restructured Loans and leases
$1,375Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$23,245Total interest income
$2,882Total interest expense
$20,363Net interest income
$2,297Provision for loan and lease losses
$4,872Total noninterest income
$0Fiduciary activities
$33Service charges on deposit accounts
$0Trading account gains & fees
$4,839Additional noninterest income
$12,137Total noninterest expense
$8,191Salaries and employee benefits
$1,786Premises and equipment expense
$2,160Additional noninterest expense
$10,801Pre-tax net operating income
$0Securities gains (losses)
$1,568Applicable income taxes
$9,233Income before extraordinary items
$0Extraordinary gains - net
$9,233Net income attributable to bank
$0Net charge-offs
$9,233Cash dividends
-$43Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.94%Yield on earning assets
0.61%Cost of funding earning assets
4.33%Net interest margin
1.04%Noninterest income to earning assets
2.58%Noninterest expense to earning assets
1.90%Net operating income to assets
1.90%Return on assets (ROA)
2.23%Pretax return on assets
23.68%Return on equity (ROE)
23.68%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-5341.86%Credit loss provision to net charge-offs
0.00%Efficiency ratio
48,096Assets per employee
8.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
126.08%Net loans and leases to core deposits
240.48%Equity capital to assets
8.02%Core capital (leverage) ratio
8.03%Tier 1 risk-based capital ratio
12.20%Total risk-based capital ratio
Memoranda
$13Average assets
$484,963Average earning assets
$38,989Average equity
$470,580Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$137,340Managed Assets
1Number of Accounts
$137,072Personal trust and agency accounts
$82,815Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$3,750Corporate trust and agency accounts
$0Investment management agency accounts
$50,507Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
57Number of Accounts
$0Personal trust and agency accounts
$3,750Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$268Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$268Fiduciary accounts held in foreign offices

List of branches

3 California Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	461041	First Foundation Bank	2600 Michelson Avenue, Suite 140, Irvine, CA 92612	October 01, 2007	Full Service Brick and Mortar
1	522149	Pasadena Office Branch	301 N. Lake Ave Suite 115, Pasadena, CA 91101	July 21, 2010	Full Service Brick and Mortar
2	522179	Desert Office Branch	78100 Main Street, Suite 202, La Quinta, CA 92253	May 02, 2011	Full Service Brick and Mortar

First Foundation Bank in Irvine, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Foundation Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Foundation Bank in Irvine, California (CA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Foundation Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Foundation Bank in Irvine, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches