First Foundation (US:FFWM)2021-07-27 14:59Company Overview - First Foundation is a multi-diversified regional financial services company with a personal touch, operating in four states: CA, TX, NV, and HI [7] - The company has $7.107 billion in deposits [46] - The company has $6.011 billion in loans [28] - First Foundation's Wealth Management AUM and Trust AUA reached $6.6 billion [69, 102] Financial Performance - The company's ROAA was 1.32% in 2Q21 YTD [9, 102] - The company's ROATCE was 15.8% in 2Q21 YTD [9, 102] - The company's efficiency ratio was 49.3% in 2Q21 YTD [9, 82] - The company's net interest margin (NIM) was 3.20% in 2Q21 [9] Strategic Initiatives - First Foundation is expanding into Southwest Florida with the acquisition of TGR Financial, Inc, which has $2.301 billion in total assets [92] - The company's digital deposit channel has balances of $472 million as of June 30, 2021 [59]