First Foundation Bank

Headquarters

18101 Von Karman Ave
Irvine, CA 92612
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	4.50%	5.50% →
1-Year CD	4.00%	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.05% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Reviewed by james | November 18, 2023 |

Savings Rates

bank delayed 1-2days to credit into your account, pay less interest.

Overview
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Bank Information

First Foundation Bank is an FDIC insured institution located in Irvine, CA. It was founded in 2007 and has approximately $13.68 billion in assets. Customers can open an account at one of its 16 branches.


FDIC Insured	Yes
FDIC Certificate	# 58647
Date Established	2007
Assets	$ 13.68 billion
Loans	$ 10.06 billion
Deposits	$ 10.78 billion
Capital	$ 1,079.84 million

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.

Deposit Rates - December 21, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates	APY	MIN	MAX
Online Savings Account	4.50%	$1,000	-	Learn More Reviews
Money Market	4.50%	$1,000	-	Learn More Reviews

CD Rates	APY	MIN	MAX
9 Month CD	4.10%	$2,500	-	Learn More Reviews
12-Month Online CD	4.00%	$2,500	-	Learn More Reviews

Bank Offers

First Foundation Bank Lowers Online Savings Rate to 0.75% APY

Oct 20, 2020

First Foundation Bank has lowered its online savings rate from 1.00% APY to 0.75% APY today.

First Foundation Bank Lowers Online Savings Rate to 0.60% APY

Jan 8, 2021

The bank had offered the highest nationally available online savings rate at 0.75% until today.

First Foundation Bank Lowers Online Savings Rate to 0.50% APY

May 14, 2021

The bank has lowered their online savings rate by 10 basis points from 0.60% APY.

First Foundation Bank Raises Online Savings Rate to 0.65% APY

Apr 13, 2022

First Foundation Bank is raising its online savings rate to 0.65% from 0.50% today.

First Foundation Bank Raises Online Savings Rate to 3.10% APY

Oct 14, 2022

First Foundation has raised its online savings rate from 2.75% to 3.10% APY.

First Foundation Bank Raises Online Savings Rate to 4.00% APY

Dec 8, 2022

First Foundation Bank has raised its online savings rate by 40 basis points to 4.00% APY.

The bank has consistently been a rate leader through this cycle and is well reviewed on BestCashCow.

First Foundation Bank Raises Online Savings and Money Market Rates to 4.20% APY

Jan 30, 2023

This move represents a .20% hike from the rate which had stood at 4% since December 8, 2022.

First Foundation Bank Raises Online Savings Rate to 4.50% APY

Mar 15, 2023

First Foundation Bank has raised its online savings rate by 30 basis points today, from 4.20% to 4.50% APY.

First Foundation has offered one of the most competitive online savings rates during the current rate cycle, and that continues to be the case with today's action.

First Foundation Bank Raises Online Savings Rate to 5.00% APY

Jul 27, 2023

First Foundation Bank has raised its online savings rate to 5.00% APY. The rate had previously stood at 4.85%.

First Foundation Bank has been a consistent rate leader since the Fed began raising interest rates in early 2022.

Compare all online savings rates here.

First Foundation Bank Introduces New Online Money Market Rate at 5.25%; Online Savings Rate Remains at 5.00%

Nov 17, 2023

First Foundation Bank has introduced an Online Money Market account with a 5.25% rate. This rate is among the most competitive currently offered for online savings and money market accounts.

The bank continues to offer an online savings rate of 5.00%. Prior customers who are seeking the new rate can contact the bank and ask for a product change.

Loan Rates - December 21, 2024

Your Current Location: Ohio, OH 43085

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 - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.494%	6.375% 0.75 points $4,000 fees	$1,997	Learn More
NMLS ID: 1025894	6.863%	6.750% 1.00 points $3,705 fees	$2,076	Learn More
NMLS ID: 2592312 License#: RM.805266.000	6.879%	6.750% 1.00 points $4,432 fees	$2,076	Learn More
NMLS ID: 401822	7.034%	6.875% 1.00 points $5,195 fees	$2,103	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

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:
Columbus,Ohio

First Foundation Bank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Kennedy Branch	830.74	A	View Lobby Hours
Ave Maria Office	945.10	B	View Lobby Hours
Creekside Branch	948.18	C	View Lobby Hours
Anchor Rode Office	953.82	D	View Lobby Hours
First Florida Integrity Bank	953.88	E	View Lobby Hours
Fifth Avenue Office	957.03	F	View Lobby Hours
Marco Island Office	970.24	G	View Lobby Hours
Las Vegas Branch	1725.80	H	View Lobby Hours
El Centro Branch	1796.13	I	View Lobby Hours
Indian Wells Branch	1822.30	J	View Lobby Hours
San Diego Office Branch	1878.21	K	View Lobby Hours
Laguna Hills Branch	1891.34	L	View Lobby Hours
First Foundation Bank	1897.54	M	View Lobby Hours
Pasadena Office Branch	1904.88	N	View Lobby Hours
Seal Beach Branch	1907.92	O	View Lobby Hours
Los Angeles Branch	1922.24	P	View Lobby Hours
Auburn Branch	2018.93	Q	View Lobby Hours
Roseville Branch	2028.68	R	View Lobby Hours
Honolulu Branch	4172.02	S	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

First Foundation Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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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
2.27%	4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 June 30, 2024, First Foundation Bank had $18,919,000 in non-current loans and $6,210,000 in owned real estate. To cover these potential losses it had $1,079,842,000 in equity and $29,295,000 in loans loss reserves. That gives it a Texas Ratio of 2.27%.

Return on Equity

First Foundation Bank	U.S. Bank Average
0.91%	10.46%

First Foundation Bank has a Return on Equity of 0.91% versus the BestCashCow average of 10.46%. 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
7.89%	10.84%

First Foundation Bank has a Capitalization of 7.89% versus the BestCashCow average of 10.84. 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 June 30, 2024, First Foundation Bank had assets of $13,684,462,000, loans of $10,057,973,000, and deposits of $10,778,801,000. 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

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 1,421.00 million
Interest-bearing balances	$ 1,366.46 million
Total securities	$ 1,860.83 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	$ 8.59 million
All other assets	$ 212.19 million
Total Assets	$ 12.60 billion

LIABILITIES
Total deposits	$ 10.78 billion
Interest-bearing deposits	$ 8.65 billion
Deposits held in domestic offices	$ 10.78 billion
% insured (estimated)	77.50%
Federal funds purchased and repurchase agreements	$ 43.49 million
Trading liabilities	N.A.
Other borrowed funds	$ 149.00 million
Subordinated debt	N.A.
All other liabilities	$ 102.00 million
Total Liabilities	$ 12.60 billion
Shareholders’ Equity	$ 1,079.84 million

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 303.78 million
Total Interest Expense	$ 215.74 million
Net interest income	$ 88.03 million
Provision for loan and lease losses	N.A.
Total non interest income	$ 8.31 million
Total non interest expense	$ 93.81 million
Pre-tax Net Operating Income	$ 91.10 million

Bank Loan Profile^?

The top three loan types in First Foundation Bank’s loan portfolio are Multifamily Mortgages, Commercial and Industrial 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	9.89		✓
Multifamily Mortgages	44.40			✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	0.00		✓
Small Business Loans	1.11		✓
Construction and Development Loans	1.64		✓
Commercial Real Estate	12.52	✓
Commercial and Industrial Loans	14.48		✓
Farm Loans	0.00	✓

Customer Reviews for First Foundation Bank

james

November 18, 2023 |

Savings Rates

bank delayed 1-2days to credit into your account, pay less interest.

Is this review helpful? Yes:0 / No: 0
AG

September 26, 2023

Update 9-26-23

I have now used them for several days, and it gets better and better and better. They have every single thing I ever wished for in a bank and then some: Savings with fantastic rates, checking with a perfect bill paying app, easy app for depositing checks, various methods of verification so if for some reason you cannot receive texts or calls you can still get in safely but without spending hours. On top of which, when I called customer service on three different occasions I got someone almost immediately and they extremely pleasantly and efficiently answered my questions.

I think I died and went to heaven. WOW!!!

Original review:
I am ditching Capital One 360 for making my life a living hell over the last month when I tried two very simple tweaks to my account.

Searching for banks online, I found I could get a much better return than theirs as well. First Foundation Bank had all the functionalities I wanted, a savings account with a terrific interest rate, a checking account with bill paying, and the ability to operate without a mobile, if so desired.

So I decided that it would be worth the lengthy application and approval process described in some reviews. Imagine my surprise when I opened two accounts plus added a joint holder and my church as a beneficiary (the two things I tried to accomplish with Capital One to the point of going insane) in exactly three minutes! WOW!!!!

What a joy!

Is this review helpful? Yes:0 / No: 0
Jenin, GA

October 17, 2022 |

Online Savings Rates

I opened the account without reading the reviews and I am glad I did. No troubles and they just raised their rate so it is on top of this list!

Is this review helpful? Yes:2 / No: 1
RRSantis

July 15, 2022 |

Online Savings Rates

I received an email today that the transfer limits are now $100k per transfer, that transfers will take 3 days, and that the limit resets as soon as it settles after 3 days, and that thereafter it is $250k per month. Perhaps this will alleviate the stress that I and others on this board have had with First Foundation. Prior policy and interactions about ridiculously low limits were exasperating and I can still only give it 2 stars based on CSR to date.

Is this review helpful? Yes:1 / No: 0
Py5790

May 26, 2022 |

Online Savings Rates

A good online experience, but external transfer limits are troubling. Pay attention to these and I certainly couldn't get them waived. At $10k a month, it will take me 25 months + plus to wind down an account at $250K.

Is this review helpful? Yes:2 / No: 0

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