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First Foundation (First Foundation) Net Charge Offs to Average Loans % : 0.02% (As of Dec. 2023)


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What is First Foundation Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

First Foundation's Net Charge Offs to Average Loans % for the quarter that ended in Dec. 2023 was 0.02% , which is higher than 0.01% for the pervious quarter ended in Sep. 2023.

First Foundation's Net Charge Offs to Average Loans % for the annual that ended in Dec. 2023 was 0.03% , which is lower than 0.15% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for First Foundation's Net Charge Offs to Average Loans % or its related term are showing as below:

FFWM's Net Charge Offs to Average Loans % is not ranked *
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

First Foundation Net Charge Offs to Average Loans % Historical Data

The historical data trend for First Foundation's Net Charge Offs to Average Loans % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Foundation Net Charge Offs to Average Loans % Chart

First Foundation Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Charge Offs to Average Loans %
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Capital Adequacy Tier - Tier 1 Ratio %
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Capital Adequacy Tier - Leverage Ratio %
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Capital Adequacy Tier - Total Capital Ratio %
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Efficiency Overhead Ratio %
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First FoundationQuarterly Data
Trend Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Charge Offs to Average Loans %
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Capital Adequacy Tier - Tier 1 Ratio %
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Capital Adequacy Tier - Leverage Ratio %
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Capital Adequacy Tier - Total Capital Ratio %
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Efficiency Overhead Ratio %
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Competitive Comparison of First Foundation's Net Charge Offs to Average Loans %

For the Banks - Regional subindustry, First Foundation's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Foundation  (NYSE:FFWM) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %=Net Charge-offs / Average Total Loans

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Foundation  (NYSE:FFWM) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.


First Foundation Net Charge Offs to Average Loans % Related Terms

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First Foundation (First Foundation) Business Description

Industry
Traded in Other Exchanges
Address
200 Crescent Court, Suite 1400, Dallas, TX, USA, 75201
First Foundation Inc is a financial services company. It is engaged in providing investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions, and private foundations. The company focuses on segments namely Banking and Wealth Management. It also offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties as well as business banking products and services to small to moderate-sized businesses, professional firms, and consumer banking products and services to individuals.
Executives
Keller Ulrich E. Jr director, 10 percent owner, officer: EXECUTIVE CHAIRMAN 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
James Britton officer: Chief Financial Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
David G. Lake director 18101 VON KARMAN AVE., SUITE 750, IRVINE CA 92612
Elizabeth A. Pagliarini director 2 SOUTH POINTE DR., SUITE 100, LAKE FOREST CA 92630
Diane M. Rubin director 40380 DESERT CREEK LANE, RANCHO MIRAGE CA 92270
Jacob Sonenshine director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Max Briggs director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Gabriel V. Vazquez director C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
John Hakopian director, officer: PRES FIRST FOUNDATION ADVISORS 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Scott F Kavanaugh director, officer: CHIEF EXECUTIVE OFFICER 25342 DERBYHILL DR., LAGUNA HILLS CA 92653
Christopher M. Naghibi officer: Chief Operating Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Amy Djou officer: Chief Financial Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Hugo J. Nuno officer: Chief Banking Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Gary L Tice director
Mitchell M. Rosenberg director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612