First Foundation (FFWM) 10-K26 Feb 212020 FY Annual reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Dec. 31, 2020	Feb. 22, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	001-36461
Entity Registrant Name	FIRST FOUNDATION INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8639702
Entity Address, Address Line One	18101 Von Karman Avenue
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92612
City Area Code	(949)
Local Phone Number	202-4160
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	FFWM
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 630
Entity Common Stock, Shares Outstanding		44,669,633
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCE Except as otherwise stated herein, Part III of the Form 10-K is incorporated by reference from the Registrant’s Definitive Proxy Statement for its 2021 Annual Meeting of Stockholders, which is expected to be filed with the Commission on or before April 30, 2021.
Amendment Flag	false
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Entity Central Index Key	0001413837

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 629,707	$ 65,387
Securities available-for-sale	814,671	1,014,966
Allowance for credit losses - investments	(7,245)
Net securities	807,426	1,014,966
Loans held for sale	505,404	503,036
Total loans	4,803,799	4,547,633
Allowance for credit losses - loans	(24,200)	(20,800)
Net loans	4,779,599	4,526,833
Investment in FHLB stock	17,250	21,519
Deferred taxes	8,603	11,079
Premises and equipment, net	8,012	8,355
Goodwill and intangibles	95,296	97,191
Other assets	105,863	66,070
Total Assets	6,957,160	6,314,436
Liabilities:
Deposits	5,913,433	4,891,144
Borrowings	269,000	743,000
Accounts payable and other liabilities	79,016	66,423
Total Liabilities	6,261,449	5,700,567
Shareholders' Equity
Common Stock	45	45
Additional paid-in-capital	433,941	433,775
Retained earnings	247,638	175,773
Accumulated other comprehensive income (loss)	14,087	4,276
Total Shareholders' Equity	695,711	613,869
Total Liabilities and Shareholders' Equity	$ 6,957,160	$ 6,314,436

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest income:
Loans	$ 216,798	$ 220,951	$ 186,211
Securities	25,688	25,004	16,855
FHLB stock, fed funds sold and interest-bearing deposits	1,405	2,805	4,240
Total interest income	243,891	248,760	207,306
Interest expense:
Deposits	39,432	64,182	38,776
Borrowings	7,815	14,624	12,920
Total interest expense	47,247	78,806	51,696
Net interest income	196,644	169,954	155,610
Provision for credit losses	6,746	2,637	4,220
Net interest income after provision for credit losses	189,898	167,317	151,390
Noninterest income:
Revenue from contract with customers	$ 29,465	$ 28,658	$ 28,748
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans	$ 15,140	$ 4,218	$ 419
Other income	10,042	8,900	6,604
Total noninterest income	54,647	41,776	35,771
Noninterest expense:
Compensation and benefits	73,868	69,933	67,508
Occupancy and depreciation	23,892	20,905	19,779
Professional services and marketing costs	8,045	7,417	8,583
Customer service costs	7,445	17,858	15,077
Other expenses	12,528	13,481	16,128
Total noninterest expense	125,778	129,594	127,075
Income before taxes on income	118,767	79,499	60,086
Taxes on income	34,398	23,260	17,128
Net income	$ 84,369	$ 56,239	$ 42,958
Net income per share:
Basic	$ 1.89	$ 1.26	$ 1.02
Diluted	$ 1.88	$ 1.25	$ 1.01
Shares used in computation:
Basic	44,639,430	44,617,361	42,092,361
Diluted	44,900,805	44,911,265	42,567,108

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 22,366	$ 30,938	$ 17,854	$ 13,211	$ 15,214	$ 17,356	$ 12,410	$ 11,259	$ 14,129	$ 14,707	$ 5,146	$ 8,976	$ 84,369	$ 56,239	$ 42,958
Other comprehensive income:
Unrealized holding gains on securities arising during the period													13,866	7,674	5,567
Other comprehensive income before tax													13,866	7,674	5,567
Income tax expense related to items of other comprehensive income													(4,055)	(2,021)	(1,629)
Other comprehensive income													9,811	5,653	3,938
Less: Reclassification adjustment for gains (loss) included in net earnings														(316)
Income tax (expense) benefit related to reclassification adjustment														92
Reclassification adjustment for gains included in net earnings, net of tax														(224)
Other comprehensive income (loss), net of tax													9,811	5,429	3,938
Total comprehensive income													$ 94,180	$ 61,668	$ 46,896

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning balance at Dec. 31, 2017	$ 38	$ 314,501	$ 85,503	$ (5,091)	$ 394,951
Beginning balance (in shares) at Dec. 31, 2017	38,207,766
Net income			42,958		42,958
Other comprehensive income (loss)				3,938	3,938
Stock based compensation		2,637			2,637
Exercise of options		2,356			$ 2,356
Exercise of options (in shares)	308,334				308,334
Stock grants - vesting of Restricted Stock Units (in shares)	154,884
Stock issued in acquisition	$ 5	101,494			$ 101,499
Stock issued in acquisition (in shares)	5,234,593
Capital raise	$ 1	11,341			11,342
Capital raise (in shares)	625,730
Stock repurchase		(497)			(497)
Stock repurchase (in shares)	(35,300)
Ending balance at Dec. 31, 2018	$ 44	431,832	128,461	(1,153)	559,184
Ending balance (in shares) at Dec. 31, 2018	44,496,007
Net income			56,239		56,239
Other comprehensive income (loss)				5,429	5,429
Stock based compensation		1,633			1,633
Cash dividend			(8,927)		(8,927)
Exercise of options		334			$ 334
Exercise of options (in shares)	44,000				44,000
Stock grants - vesting of Restricted Stock Units	$ 1	(1)
Stock grants - vesting of Restricted Stock Units (in shares)	132,536
Stock repurchase		(23)			$ (23)
Stock repurchase (in shares)	(1,800)
Ending balance at Dec. 31, 2019	$ 45	433,775	175,773	4,276	613,869
Ending balance (in shares) at Dec. 31, 2019	44,670,743
Net income			84,369		84,369
Other comprehensive income (loss)				9,811	9,811
Stock based compensation		2,082			2,082
Cash dividend			(12,504)		(12,504)
Exercise of options		908			$ 908
Exercise of options (in shares)	117,500				117,500
Stock grants - vesting of Restricted Stock Units (in shares)	103,741
Stock repurchase		(2,824)			$ (2,824)
Stock repurchase (in shares)	(224,334)
Ending balance at Dec. 31, 2020	$ 45	$ 433,941	$ 247,638	$ 14,087	$ 695,711
Ending balance (in shares) at Dec. 31, 2020	44,667,650

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities:
Net income	$ 84,369	$ 56,239	$ 42,958
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses - loans	25	2,637	4,220
Provision for credit losses - securities AFS	7,245
Stock-based compensation expense	2,075	1,633	2,637
Depreciation and amortization	3,205	3,019	2,751
Deferred tax (benefit) expense	(1,578)	(73)	1,192
Amortization of premium (discount) on securities	309	(973)	(318)
Amortization of core deposit intangible	1,895	2,291	2,043
Amortization of mortgage servicing rights - net	1,535	1,295	1,076
Amortization of premiums on purchased loans - net	8,384	(4,909)	(6,689)
Gain on sale of REO		(742)
Gain on sale of loans	(15,140)	(4,218)	(419)
Loss on sale of securities		316
(Gain) loss from hedging activities		(655)	354
Valuation allowance on mortgage servicing rights	1,424
Increase in other assets	(38,899)	(1,352)	(3,260)
Increase (decrease) in accounts payable and other liabilities	12,593	5,929	4,436
Net cash provided by operating activities	67,442	60,437	50,981
Cash Flows from Investing Activities:
Net increase in loans	(794,305)	(802,578)	(1,129,231)
Proceeds from sale of loans	553,148	573,897	674,019
Proceeds from sale of REO		1,557	2,577
Purchase of premises and equipment	(2,862)	(2,229)	(2,710)
Recovery of allowance for credit losses	1,003	1,855	569
Purchases of AFS securities	(56,629)	(577,802)	(365,519)
Proceeds from sale of securities		283,893	9,982
Maturities of AFS securities	270,480	95,580	81,199
Cash in from merger			47,582
Sale (purchase) of FHLB stock, net	4,269	(1,212)	1,982
Net cash provided by (used in) investing activities	(24,896)	(427,039)	(679,550)
Cash Flows from Financing Activities:
Increase in deposits	1,022,289	358,176	611,856
Net (decrease) increase in FHLB advances	(478,000)	30,000	(4,570)
Line of credit net change - borrowings (paydowns), net	4,000	5,000	(45,000)
Dividends paid	(12,504)	(8,927)
Settlement of swap	(12,102)	(19,883)
Proceeds from sale of stock, net	915	334	13,698
Repurchase of stock	(2,824)	(23)	(497)
Net cash provided by financing activities	521,774	364,677	575,487
Increase in cash and cash equivalents	564,320	(1,925)	(53,082)
Cash and cash equivalents at beginning of year	65,387	67,312	120,394
Cash and cash equivalents at end of period	629,707	65,387	67,312
Supplemental disclosures of cash flow information:
Income taxes	31,310	23,624	16,646
Interest	56,991	75,149	46,043
Noncash transactions:
Transfer of loans to loans held for sale	561,502	554,837	1,027,478
Mortgage servicing rights from loan sales	3,853	1,861	2,646
Chargeoffs against allowance for credit losses	$ 1,844	$ 2,692	$ 4,189

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2020
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business First Foundation Inc. (“FFI”) is a financial services holding company whose operations are conducted through its wholly owned subsidiaries: First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB” or the “Bank”) and the wholly owned subsidiaries of FFB, First Foundation Insurance Services (“FFIS”) and Blue Moon Management, LLC (collectively the “Company”). FFI also has two inactive wholly owned subsidiaries, First Foundation Consulting (“FFC”) and First Foundation Advisors, LLC (“FFA LLC”). In addition, FFA has set up a limited liability company, which is not included in these consolidated financial statements, as a private investment fund to provide an investment vehicle for its clients. FFI is incorporated in the state of Delaware. The corporate headquarters for all of the companies is located in Irvine, California. The Company has offices in California, Nevada, and Hawaii. FFA, established in 1985 and incorporated in the state of California, began operating in 1990 as a fee-based registered investment advisor. FFA provides (i) investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions and private foundations; (ii) financial, investment and economic advisory and related services to high net-worth individuals and their families, family-owned businesses, and other related organizations; and (iii) support services involving the processing and transmission of financial and economic data for charitable organizations. At the end of 2020, these services were provided to approximately 1,500 clients, primarily located in Southern California, with an aggregate of $4.9 billion of assets under management. The Bank commenced operations in 2007, is incorporated in the state of California and currently operates in California, Nevada, and in Hawaii. The Bank offers a wide range of deposit instruments including personal and business checking and savings accounts, including interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit (“CD”) accounts. As a lender, the Bank originates, and retains for its portfolio, loans secured by real estate and commercial loans. Approximately 91% of the Bank’s loans are to clients located in California. The Bank also offers a wide range of specialized services including trust services, on-line banking, remote deposit capture, merchant credit card services, ATM cards, Visa debit cards, business sweep accounts, and through FFIS, insurance brokerage services. The Bank has a state non-member bank charter and is subject to continued examination by the California Department of Financial Protection and Innovation and the Federal Deposit Insurance Corporation (“FDIC”). At December 31, 2020, the Company employed 502 employees. Basis of Presentation The consolidated financial statements have been prepared in conformity with U. S. generally accepted accounting standards and prevailing practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses during the reporting periods and related disclosures. Actual results could differ significantly from those estimates. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All inter-company balances and transactions have been eliminated in consolidation. Variable Interest Entities The Company may have variable interests in Variable Interest Entities (“VIEs”) arising from debt, equity or other monetary interests in an entity, which change with fluctuations in the fair value of the entity’s assets. VIEs are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. The primary beneficiary of a VIE (i.e., the party that has a controlling financial interest) is required to consolidate the assets and liabilities of the VIE. The primary beneficiary is the party that has both (1) the power to direct the activities of an entity that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company has sold loans, in 2020, 2019, 2018, 2016 and 2015, through securitizations sponsored by a government sponsored entity, Freddie Mac, who also provided credit enhancement of the loans through certain guarantee provisions. The Company retained the right to provide servicing for the loans except for special servicing for which an unrelated third party was engaged by the VIE. For the 2016 and 2015 securitizations, the Company acquired the “B” piece of the securitizations, which is structured to absorb any losses from the securitizations, and interest only strips from the securitization. For the 2020, 2019, and 2018 securitizations, the Company provides collateral to support its obligation to reimburse for credit losses incurred on loans in the securitization. Because the Company does not act as the special servicer for the VIE and because of the power of Freddie Mac over the VIE that holds the assets from the mortgage loan securitizations, the Company is not the primary beneficiary of the VIE and therefore the VIE is not consolidated. Reclassifications Certain amounts in the 2019 consolidated financial statements have been reclassified to conform to the 2020 presentation. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash, due from banks, certificates of deposits with maturities of less than ninety days, investment securities with original maturities of less than ninety days, money market mutual funds and federal funds sold. At times, the Bank maintains cash at major financial institutions in excess of FDIC insured limits. However, as the Bank places these deposits with major well-capitalized financial institutions and monitors the financial condition of these institutions, management believes the risk of loss to be minimal. The Bank maintains most of its excess cash at the Federal Reserve Bank, with well-capitalized correspondent banks or with other depository institutions at amounts less than the FDIC insured limits. At December 31, 2020, included in cash and cash equivalents were $623 million in funds held at the Federal Reserve Bank. Banking regulations require that banks maintain a percentage of their deposits as reserves in cash or on deposit with the Federal Reserve Bank. The Bank was in compliance with its reserve requirements as of December 31, 2020. Certificates of Deposit From time to time, the Company may invest funds with other financial institutions through certificates of deposit. Certificates of deposit with maturities of less than ninety days are included as cash and cash equivalents. Certificates of deposit are carried at cost. Investment Securities Investment securities for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Investments not classified as trading securities nor as held-to-maturity securities are classified as available-for-sale securities and recorded at fair value. Unrealized gains or losses on available-for-sale securities are excluded from net income and reported as an amount net of taxes as a separate component of other comprehensive income included in shareholders’ equity. Premiums or discounts on held-to-maturity and available-for-sale securities are amortized or accreted into income using the interest method. Loan Origination Fees and Costs Loan origination fees and direct costs associated with lending are deferred and amortized to interest income as an adjustment to yield over the respective lives of the loans using the interest method. The amortization of deferred fees and costs is discontinued on loans that are placed on nonaccrual status. When a loan is paid off, any unamortized deferred fees and costs are recognized in interest income. Loans Held for Investment Loans held for investment are reported at the principal amount outstanding, net of cumulative chargeoffs, interest applied to principal (for loans accounted for using the cost recovery method), unamortized net deferred loan origination fees and costs and unamortized premiums or discounts on purchased loans. Interest on loans is accrued and recognized as interest income at the contractual rate of interest. When a loan is designated as held for investment, the intent is to hold these loans for the foreseeable future or until maturity or payoff. If subsequent changes occur, the Company may change its intent to hold these loans. Once a determination has been made to sell such loans, they are immediately transferred to loans held for sale and carried at the lower of cost or fair value. Loans Held for Sale Loans designated for sale through securitization or in the secondary market are classified as loans held for sale. Loans held for sale are accounted for at the lower of amortized cost or fair value. The fair value of loans held for sale is generally based on observable market prices from other loans in the secondary market that have similar collateral, credit, and interest rate characteristics. If quoted market prices are not readily available, the Company may consider other observable market data such as dealer quotes for similar loans or forward sale commitments. In certain cases, the fair value may be based on a discounted cash flow model. Related gains and losses are recognized in net gain on mortgage loan origination and sale activities. Nonaccrual Loans Loans are placed on nonaccrual status when the full and timely collection of principal and interest is doubtful, generally when the loan becomes 90 days or more past due for principal or interest payment. All payments received on nonaccrual loans are accounted for using the cost recovery method. Under the cost recovery method, all cash collected is applied to first reduce the principal balance. A loan may be returned to accrual status if all delinquent principal and interest payments are brought current and the collectability of the remaining principal and interest payments in accordance with the loan agreement is reasonably assured. Loans that are well secured and in the collection process may be maintained on accrual status, even if they are 90 days or more past due. Purchased Credit Deteriorated Loans The Company may purchase individual loans and groups of loans which have shown evidence of credit deterioration and are considered credit impaired. Purchased credit deteriorated loans are recorded at the amount paid and there is no carryover of the seller’s allowance for credit losses. Purchased credit deteriorated (“PCD”) loans are accounted for individually or aggregated into pools of loans based on common risk characteristics such as, credit score, loan type, and date of origination. The Company estimates the amount and timing of expected cash flows for each loan or pool, and the expected cash flows in excess of amount paid are recorded as interest income over the remaining life of the loan or pool (accretable yield). The excess of the loan’s or pool’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan or pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded by an increase in the allowance for credit losses. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. Allowance for Credit Losses The allowance for credit losses is a valuation allowance for probable incurred credit losses. Provisions for credit losses are charged to operations based on management’s evaluation of the estimated losses in its loan portfolio. The major factors considered in evaluating losses are historical charge-off experience, delinquency rates, local and national economic conditions, the borrower’s ability to repay the loan and timing of repayments, and the value of any related collateral. Management’s estimate of fair value of the collateral considers current and anticipated future real estate market conditions, thereby causing these estimates to be particularly susceptible to changes that could result in a material adjustment to results of operations in the future. Recovery of the carrying value of such loans and related real estate is dependent, to a great extent, on economic, operating and other conditions that may be beyond the Bank’s control. The Bank’s primary regulatory agencies periodically review the allowance for credit losses and such agencies may require the Bank to recognize additions to the allowance based on information and factors available to them at the time of their examinations. Accordingly, no assurance can be given that the Bank will not recognize additional provisions for credit losses with respect to its loan portfolio. The allowance consists of specific and general reserves. Specific reserves relate to loans that are individually classified as impaired. Credit losses are charged against the allowance when management believes a loan balance is uncollectible. Subsequent recoveries, if any, are credited to the allowance. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The Bank considers a loan to be impaired when, based upon current information and events, it believes it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Bank bases the measurement of loan impairment using either the present value of the expected future cash flows discounted at the loan’s effective interest rate, or the fair value of the loan’s collateral properties. Impairment losses are included in the allowance for credit losses through a charge to provision for credit losses. Adjustments to impairment losses due to changes in the fair value of impaired loans’ collateral properties are included in the provision for credit losses. The Bank’s impaired loans include nonaccrual loans (excluding those collectively reviewed for impairment), certain restructured loans and certain performing loans less than ninety days delinquent that the Bank believes will likely not be collected in accordance with contractual terms of the loans. Loans, for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are generally considered troubled debt restructurings and classified as impaired. Commercial loans and loans secured by multifamily and commercial real estate are individually evaluated for impairment. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Bank determines the amount of reserve in accordance with the accounting policy for the allowance for credit losses. General reserves cover non-impaired loans and are based on historical loss rates for each portfolio segment, adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. Because the Bank has not experienced any meaningful amount of losses in any of its current portfolio segments, the Bank calculates the historical loss rates on industry data, specifically loss rates published by the FDIC. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions, changes in the nature and volume of the portfolio; changes in the experience, ability and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit and the effect of other external factors such as competition and legal and regulatory requirements. Portfolio segments identified by the Bank include loans secured by residential real estate, including multifamily and single family properties, loans secured by commercial real estate, loans secured by vacant land and construction loans, commercial and industrial loans and consumer loans. Relevant risk characteristics for these portfolio segments generally include debt service coverage, loan-to-value ratios and financial performance on non-consumer loans and debt-to income, collateral type and loan-to-value ratios for consumer loans. Financial Instruments In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Real Estate Owned Real estate owned (“REO”) represents the collateral acquired through foreclosure in full or partial satisfaction of the related loan. REO is recorded at the fair value less estimated selling costs at the date of foreclosure. Any write-down at the date of transfer is charged to the allowance for credit losses related to loans. The recognition of gains or losses on sales of REO is dependent upon various factors relating to the nature of the property being sold and the terms of sale. REO values are reviewed on an ongoing basis and any decline in value is recognized as foreclosed asset expense in the current period, as are the net operating results from these assets. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization, which is charged to expense on a straight-line basis over the estimated useful lives of 3 to 10 years. Premises under leasehold improvements are amortized on a straight-line basis over the term of the lease or the estimated useful life of the improvements, whichever is shorter. Expenditures for major renewals and betterments of premises and equipment are capitalized and those for maintenance and repairs are charged to expense as incurred. A valuation allowance is established for any impaired long-lived assets. The Company did not have impaired long-lived assets as of December 31, 2020 or 2019. Federal Home Loan Bank Stock As a member of the Federal Home Loan Bank (“FHLB”), the Bank is required to purchase FHLB stock in accordance with its advances, securities and deposit agreement. This stock, which is carried at cost, may be redeemed at par value. However, there are substantial restrictions regarding redemption and the Bank can only receive a full redemption in connection with the Bank surrendering its FHLB membership. At December 31, 2020 and 2019, the Bank held $17 million and $22 million of FHLB stock, respectively. The Company does not believe that this stock is currently impaired and no adjustments to its carrying value have been recorded. Mortgage Servicing Rights When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. As of December 31, 2020, the allowance for servicing rights was $1.4 million. As of December 31, 2019, no allowance was recorded. Servicing fee income, which is reported on the income statement as other income , Goodwill Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of net identifiable assets acquired. Subsequent to initial recognition, the Company will test goodwill for impairment on an annual basis by comparing the fair value of the reporting unit to its carrying amount. The goodwill recorded by the Company was recognized from acquisitions in 2015, 2017 and 2018, and was not considered impaired at December 31, 2020. Other Intangible Assets Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Other intangible assets consist of core deposit intangible assets arising from whole bank acquisitions and are amortized on an accelerated method over their estimated useful lives, which range from 7 to 10 years. At December 31, 2020 and 2019, core deposit intangible assets totaled $6.8 million and $8.7 million, respectively, and we recognized $1.9 million, $2.3 million and $2.0 million in core deposit intangible amortization expense in 2020, 2019 and 2018, respectively. Revenue Recognition On January 1, 2018, the Company adopted ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” Contracts with Customers Contracts with customers are open-ended, and we provide services on an ongoing basis for an unspecified contract term. For these ongoing services, the fees are variable, since they are dependent on factors such as the value of underlying assets under management or volume of transactions. Contract liabilities, or deferred revenue, are recorded when payments from customers are received in advance of providing services to customers. We generally receive payments for our services during the period or at the time services are provided, therefore, we do not have deferred revenue balances at period-end. Employees receive incentive compensation in the form of commissions, which are considered incremental and recoverable costs to obtain the contract. We utilize the practical expedient not to capitalize such costs as the amortization period of the asset is less than 12 months, and therefore we expense the commissions as incurred. Descriptions of our primary revenue-generating activities that are presented in our income statements are as follows: Interest on Loans Interest income is accrued daily on the Company’s outstanding loan balances. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued when reasonable doubt exists as to the full, timely collection of interest or principal and, generally, when a loan becomes contractually past due for ninety days or more with respect to principal or interest. The accrual of interest may be continued on a well-secured loan contractually past due ninety days or more with respect to principal or interest if the loan is in the process of collection or collection of the principal and interest is deemed probable. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period income. Interest on such loans is then recognized only to the extent that cash is received and where the future collection of principal is probable. Accrual of interest is resumed on loans only when, in the judgment of management, the loan is estimated to be fully collectible. The Bank continues to accrue interest on restructured loans since full payment of principal and interest is expected and such loans are performing or are less than ninety days delinquent and, therefore, do not meet the criteria for nonaccrual status. Restructured loans that have been placed on nonaccrual status are returned to accrual status when the remaining loan balance, net of any charge-offs related to the restructure, is estimated to be fully collectible by management and performing in accordance with the applicable loan terms. Wealth management and trust fee income Asset management fees are billed on a monthly or quarterly basis based on the amount of assets under management and the applicable contractual fee percentage. Asset management fees are recognized as revenue in the period in which they are billed and earned. Financial planning fees are due and billed at the completion of the planning project and are recognized as revenue at that time. Service charges on deposit accounts Service charges on deposit accounts represent general service fees for monthly account maintenance and activity or transaction-based fees. Revenue is recognized when our performance obligation is completed which are generally monthly for account maintenance services or when a transaction has been completed. Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Gains and Losses on Sales of REO To record a sale of REO, the Bank evaluates if: (a) a commitment on the buyer’s part exists, (b) collection is probable in circumstances where the initial investment is minimal and (c) the buyer has obtained control of the asset, including the significant risks and rewards of the ownership. If there is no commitment on the buyer’s part, collection is not probable or the buyer has not obtained control of the asset, then a gain cannot be recognized. Other non-interest income includes revenue related to mortgage servicing activities and gains on sales of loans, which are not subject to the requirements of ASU 2014-09. Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of stock options, or other equity instruments, based on the grant-date fair value of those awards. This cost is recognized over the period in which an employee is required to provide services in exchange for the award, generally the vesting period. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for stock awards, including restricted stock units. Marketing Costs The Company expenses marketing costs, including advertising, in the period incurred. Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established if it is “more likely than not” that all or a portion of the deferred tax assets will not be realized. The tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense. Comprehensive Income Comprehensive income consists of net income and other comprehensive income. Changes in unrealized gains and losses on available-for-sale securities and the related tax costs or benefits are the only components of other comprehensive income for the Company. Stock Split On January 18, 2017, the Company completed a two-for-one stock split in the form of a stock dividend. Each stockholder of record at the close of business of January 4, 2017 received one additional share of common stock for every share held. All share and per share amounts included in the financial statements have been adjusted to reflect the effect of this stock split. Earnings Per Share (“EPS”) Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units, which are determined using the treasury stock method. Fair Value Measurement Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates. Derivatives and Hedging Activities Derivative instruments and hedging activities are accounted for in accordance with FASB ASC Topic 815, “Derivatives and Hedging.” The fair value of derivative instruments are recognized as either assets or liabilities on the consolidated balance sheet. All derivatives are evaluated at inception as to whether or not they are hedging or non-hedging activities. For derivative instruments designated as non-hedging activities, the change in fair value is recognized currently in earnings. For derivative instruments designated as hedging activities, a qualitative analysis is performed at inception to determine if the derivative instrument is highly effective in achieving offsetting changes in fair value or cash flows attributable to the hedged risk during the period that the hedge is designated. Subsequently, a qualitative assessment of a hedge’s effectiveness is performed on a quarterly basis. For a fair value hedge, the change in fair value on the hedging instrument is recognized currently in earnings and the change in fair value on the hedged item attributable to the hedged risk adjusts the carrying amount of the hedged item and is recognized currently in earnings. All amounts recognized in earnings are presented in the same income statement line item as the earnings effect of the hedged item. Recently Adopted Accounting Guidance Measurement of Credit Losses on Financial Instruments: In June 2016, the Financial Accounting Standards Board (“FASB”) is

Acquisitions

Acquisitions	12 Months Ended
Acquisitions	Dec. 31, 2020
Acquisitions
Acquisitions	NOTE 2: ACQUISITIONS On June 1, 2018, the Company completed the acquisition of PBB Bancorp and its wholly owned subsidiary Premier Business Bank (collectively “PBB”), through a merger of PBB with and into the Bank, in exchange for 5,234,593 shares of its common stock with a fair value of $19.39 per share. The primary reason for acquiring PBB was to expand our operations in Southern California. The acquisition was accounted for under the purchase method of accounting. The acquired assets, assumed liabilities and identifiable intangible assets are recorded at their respective acquisition date fair values. The following table represents the assets acquired and liabilities assumed of PBB as of June 1, 2018 and the fair value adjustments and amounts recorded by the Bank in 2018 under the acquisition method of accounting: PBB Book Fair Value (dollars in thousands) Value Adjustments Fair Value Assets Acquired: Cash and cash equivalents $ 47,582 $ — $ 47,582 Securities AFS 10,072 (90) 9,982 Loans, net of deferred fees 537,885 (14,986) 522,899 Allowance for credit losses (3,011) 3,011 — Premises and equipment, net 3,811 (1,536) 2,275 Investment in FHLB stock 3,229 — 3,229 Deferred taxes 1,451 2,398 3,849 REO 934 (109) 825 Goodwill and core deposit intangible 634 66,615 67,249 Other assets 6,634 (566) 6,068 Total assets acquired $ 609,221 $ 54,737 $ 663,958 Liabilities Assumed: Deposits $ 477,366 $ 219 $ 477,585 Borrowings 79,911 (341) 79,570 Accounts payable and other liabilities 5,204 100 5,304 Total liabilities assumed 562,481 (22) 562,459 Excess of assets acquired over liabilities assumed 46,740 54,759 101,499 Total $ 609,221 $ 54,737 $ 663,958 Consideration: Stock issued $ 101,499 In many cases, the fair values of assets acquired and liabilities assumed were determined by estimating the cash flows expected to result from those assets and liabilities and discounting them at appropriate market rates. The most significant category of assets for which this procedure was used was that of acquired loans. The excess of expected cash flows above the fair value (Level 3 inputs) of the majority of loans will be accreted to interest income over the remaining lives of the loans in accordance with FASB Accounting Standards Codification (“ASC”) 310-20. Certain loans, for which specific credit-related deterioration since origination was identified, are recorded at fair value reflecting the present value of the amounts expected to be collected. Income recognition on these PCD loans is based on a reasonable expectation about the timing and amount of cash flows to be collected. Acquired loans deemed impaired and considered collateral dependent, with the timing of the sale of loan collateral indeterminate, remain on nonaccrual status and have no accretable yield. All PCD loans were classified as accruing loans as of and subsequent to the acquisition date. In accordance with generally accepted accounting principles there was no carryover of the allowance for credit losses that had been previously recorded by PBB. The Company recorded a deferred income tax asset of $3.8 million related to PBB’s operating loss carry-forward and other tax attributes of PBB, along with the effects of fair value adjustments resulting from applying the purchase method of accounting. The fair value of savings and transaction deposit accounts acquired from PBB were assumed to approximate their carrying value as these accounts have no stated maturity and are payable on demand. Certificates of deposit accounts were valued by comparing the contractual cost of the portfolio to an identical portfolio bearing current market rates (Level 2 inputs). The portfolio was segregated into pools based on remaining maturity. For each pool, the projected cash flows from maturing certificates were then calculated based on contractual rates and prevailing market rates. The valuation adjustment for each pool is equal to the present value of the difference of these two cash flows, discounted at the assumed market rate for a certificate with a corresponding maturity. This valuation adjustment will be accreted to reduce interest expense over the remaining maturities of the respective pools. The Company also recorded a core deposit intangible, which represents the value of the deposit relationships acquired from PBB, of $6.7 million. The core deposit intangible will be amortized over a period of 10 years. Pro Forma Information (unaudited) The following table presents unaudited pro forma information as if the acquisition of PBB had occurred on January 1, 2018 and January 1, 2017 for 2018 and 2017, respectively, after giving effect to certain adjustments. The unaudited pro forma information for these periods includes adjustments for interest income on loans acquired, amortization of intangibles arising from the transaction, adjustments for interest expense on deposits acquired, and the related income tax effects of all these items and the income tax costs or benefits derived from the income or loss before taxes of PBB. The net effect of these pro forma adjustments was an increase of $9.6 million in net income for 2018. The unaudited pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected on the assumed dates. (dollars in thousands) 2018 Net interest income $ 167,099 Provision for loan losses 4,220 Noninterest income 36,538 Noninterest expenses 130,702 Income before taxes 68,715 Taxes on income 19,412 Net income $ 49,303 Net income per share: Basic $ 1.11 Diluted $ 1.10 The revenues (net interest income and noninterest income) and net income for the period from June 1, 2018 to December 31, 2018 related to the operations acquired from PBB and included in our results of operations for 2018 were approximately $17.2 million and $6.5 million, respectively.

Fair Value

Fair Value	12 Months Ended
Fair Value	Dec. 31, 2020
Fair Value
Fair Value	NOTE 3: FAIR VALUE Assets Measured at Fair Value on a Recurring Basis Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Securities available for sale and effective with the adoption of ASU 2016-01 on January 1, 2018, investments in equity securities and interest rate swaps, are measured at fair value on a recurring basis depending upon whether the inputs are Level 1, 2 or 3 as described above. The following tables show the recorded amounts of assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurement Level (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2020: Investment securities available for sale: Agency mortgage-backed securities $ 723,995 $ — $ 723,995 $ — Beneficial interest – FHLMC securitizations 23,463 — — 23,463 Corporate bonds 58,358 — 58,358 — Other 1,610 503 1,107 — Investment in equity securities 338 338 — — Total assets at fair value on a recurring basis $ 807,764 $ 841 $ 783,460 $ 23,463 December 31, 2019: Investment securities available for sale: Agency mortgage-backed securities $ 914,977 $ — $ 914,977 $ — Beneficial interest – FHLMC securitizations 42,706 — — 42,706 Corporate bonds 55,834 — 55,834 — Other 1,449 403 1,046 — Investment in equity securities 434 434 — — Total assets at fair value on a recurring basis $ 1,015,400 $ 837 $ 971,857 $ 42,706 The decrease in Level 3 assets from December 31, 2019 was due to securitization paydowns and due to $7.2 million in provisions for credit losses in 2020. Assets Measured at Fair Value on a Nonrecurring Basis From time to time, we may be required to measure at fair value other assets on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Loans Real Estate Owned Mortgage Servicing Rights. Fair Value of Financial Instruments FASB ASC 825, “Disclosures about Fair Value of Financial Instruments” requires disclosure of the fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate such value. The methodologies for estimating the fair value of financial assets and financial liabilities measured at fair value on a recurring and non-recurring basis are discussed above. The estimated fair value amounts have been determined by management using available market information and appropriate valuation methodologies, are based on the exit price notion set forth by ASU 2016-1. In cases where quoted market prices are not available, fair values are based on estimates using present value or other market value techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. The aggregate fair value amounts presented below do not represent the underlying value of the Company. Fair value estimates are made at a discrete point in time based on relevant market information and other information about the financial instruments. Because no active market exists for a significant portion of our financial instruments, fair value estimates are based in large part on judgments we make primarily regarding current economic conditions, risk characteristics of various financial instruments, prepayment rates, and future expected loss experience. These estimates are subjective in nature and invariably involve some inherent uncertainties. Additionally, unexpected changes in events or circumstances can occur that could require us to make changes to our assumptions and which, in turn, could significantly affect and require us to make changes to our previous estimates of fair value. In addition, the fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of existing and anticipated future customer relationships and the value of assets and liabilities that are not considered financial instruments, such as premises and equipment and other real estate owned. The following methods and assumptions were used to estimate the fair value of financial instruments: Cash and Cash Equivalents Interest-Bearing Deposits with Financial Institutions Securities Available for Sale (“AFS”) Federal Home Loan Bank Stock. Loans Held For Sale. Loans Held for Investment Deposits Borrowings The following table sets forth the estimated fair values and related carrying amounts of our financial instruments as of: Carrying Fair Value Measurement Level (dollars in thousands) Value 1 2 3 Total December 31, 2020: Assets: Cash and cash equivalents $ 629,707 $ 629,707 $ — $ — $ 629,707 Securities AFS, net 807,426 503 783,460 23,463 807,426 Loans held for sale 505,404 — 510,638 — 510,638 Loans, net 4,779,599 — — 4,829,258 4,829,258 Investment in FHLB stock 17,250 — 17,250 — 17,250 Investment in equity securities 338 338 — — 338 Liabilities: Deposits $ 5,913,433 $ 4,934,537 $ 978,897 $ — $ 5,913,434 Borrowings 269,000 — 255,000 14,000 269,000 December 31, 2019: Assets: Cash and cash equivalents $ 65,387 $ 65,387 $ — $ — $ 65,387 Securities AFS 1,014,966 403 971,857 42,706 1,014,966 Loans held for sale 503,036 — 506,750 — 506,750 Loans, net 4,526,833 — — 4,573,516 4,573,516 Investment in FHLB stock 21,519 — 21,519 — 21,519 Investment in equity securities 434 434 — — 434 Liabilities: Deposits $ 4,891,144 $ 2,913,493 $ 1,977,652 $ — $ 4,891,145 Borrowings 743,000 — 733,000 10,000 743,000

Securities

Securities	12 Months Ended
Securities	Dec. 31, 2020
Securities
Securities	NOTE 4: SECURITIES The following table provides a summary of the Company’s AFS securities portfolio at December 31: Amortized Gross Unrealized Allowance for Estimated (dollars in thousands) Cost Gains Losses Credit Losses Fair Value December 31, 2020: Agency mortgage-backed securities $ 705,752 $ 18,243 $ — $ — $ 723,995 Beneficial interests in FHLMC securitization 30,497 211 — (7,245) 23,463 Corporate bonds 57,000 1,358 — — 58,358 Other 1,512 98 — — 1,610 Total $ 794,761 $ 19,910 $ — $ (7,245) $ 807,426 December 31, 2019: Agency mortgage-backed securities $ 905,949 $ 9,174 $ (146) $ — $ 914,977 Beneficial interests in FHLMC securitization 47,586 1,801 (6,681) — 42,706 Corporate bonds 54,000 1,834 — — 55,834 Other 1,386 63 — — 1,449 Total $ 1,008,921 $ 12,872 $ (6,827) $ — $ 1,014,966 US Treasury securities of $0.5 million as of December 31, 2020 that are included in the table above as Other are pledged as collateral to the State of California to meet regulatory requirements related to the Bank’s trust operations. As of December 31, 2020, $190 million of agency mortgage-backed securities are pledged as collateral as support for the Banks’s obligations under loan sales and securitizations agreement entered into from 2018 and 2020. In 2019 we sold $284 million of securities and recognized a loss of $0.3 million. The tables below indicate, as of December 31, 2019, the gross unrealized losses and fair values of our investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. Securities with Unrealized Loss at December 31, 2019 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) Value Loss Value Loss Value Loss Agency mortgage-backed securities $ 5,488 $ (2) $ 13,880 $ (144) $ 19,368 $ (146) Beneficial interests in FHLMC securitization 20,609 (2,856) 3,220 (3,825) 23,829 (6,681) Total temporarily impaired securities $ 26,097 $ (2,858) $ 17,100 $ (3,969) $ 43,197 $ (6,827) There were no unrealized losses on our investments as of December 31, 2020. Unrealized losses in agency mortgage backed securities, beneficial interests in FHLMC securitizations, and other securities have not been recognized into income because the issuer bonds are of high credit quality, management does not intend to sell, it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in discount rates and assumptions regarding future interest rates. The fair value is expected to recover as the bonds approach maturity. The following is a rollforward of the Bank’s allowance for credit losses related to investments for the year ended December 31: (dollars in thousands) Total Year Ended December 31, 2020: Balance: December 31, 2019 $ — Provision for credit losses 7,245 Balance: December 31, 2020 $ 7,245 Due to a change in expected cash flows of an interest only strip security, a $7.2 million allowance for credit losses was taken for the year ended December 31, 2020. The allowance was included as a charge in provision for credit losses on the consolidated income statement. The scheduled maturities of securities AFS, other than agency mortgage backed securities, and the related weighted average yield is as follows as of December 31: Less than 1 Through 5 Through After (dollars in thousands) 1 Year 5 years 10 Years 10 Years Total December 31, 2020 Amortized Cost: Corporate bonds $ — $ — $ 57,000 $ — $ 57,000 Other 500 1,012 — — 1,512 Total $ 500 $ 1,012 $ 57,000 $ — $ 58,512 Weighted average yield 1.83 % 2.81 % 5.39 % — % 5.32 % Estimated Fair Value: Corporate bonds $ — $ — $ 58,358 $ — $ 58,358 Other 503 1,107 — — 1,610 Total $ 503 $ 1,107 $ 58,358 $ — $ 59,968 Less than 1 Through 5 Through After (dollars in thousands) 1 Year 5 years 10 Years 10 Years Total December 31, 2019 Amortized Cost: Corporate bonds $ — $ — $ 54,000 $ — $ 54,000 Other — 400 986 — 1,386 Total $ — $ 400 $ 54,986 $ — $ 55,386 Weighted average yield — % 2.25 % 5.29 % — % 5.27 % Estimated Fair Value: Corporate bonds $ — $ — $ 55,834 $ — $ 55,834 Other — 403 1,046 — 1,449 Total $ — $ 403 $ 56,880 $ — $ 57,283 Agency mortgage backed securities and beneficial interests in FHLMC securitizations are excluded from the above table because such securities are not due at a single maturity date. The weighted average yield of the agency mortgage backed securities and beneficial interests in FHLMC securitizations as of December 31, 2020 and 2019 was 2.39% and 2.66%, respectively.

Loans

Loans	12 Months Ended
Loans	Dec. 31, 2020
Receivables [Abstract]
Loans	NOTE 5: LOANS The following is a summary of our loans as of December 31: December 31, December 31, (dollars in thousands) 2020 2019 Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 2,247,542 $ 2,143,919 Single family 806,014 871,181 Total real estate loans secured by residential properties 3,053,556 3,015,100 Commercial properties 747,807 834,042 Land 55,832 70,257 Total real estate loans 3,857,195 3,919,399 Commercial and industrial loans 918,676 600,213 Consumer loans 18,888 16,273 Total loans 4,794,759 4,535,885 Premiums, discounts and deferred fees and expenses 9,040 11,748 Total $ 4,803,799 $ 4,547,633 In 2017 and 2018 the Company purchased loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. As of December 31, 2019, the principal balance shown above is net of unaccreted discount related to loans acquired in acquisitions of $8.4 million. The carrying amount of these PCD loans is as follows as of: December 31, December 31, (dollars in thousands) 2020 2019 Outstanding principal balance: Loans secured by real estate: Residential properties $ 284 $ 366 Commercial properties 5,495 6,146 Land — 1,058 Total real estate loans 5,779 7,570 Commercial and industrial loans 294 603 Total loans 6,073 8,173 Unaccreted discount on purchased credit deteriorated loans — (3,657) Total $ 6,073 $ 4,516 The following table summarizes our delinquent and nonaccrual loans as of December 31: Past Due and Still Accruing Total Past 90 Days Due and (dollars in thousands) 30–59 Days 60-89 Days or More Nonaccrual Nonaccrual Current Total December 31, 2020: Real estate loans: Residential properties $ 35 $ — $ — $ 10,947 $ 10,982 $ 3,042,574 $ 3,053,556 Commercial properties 951 240 — 4,544 5,735 742,072 747,807 Land — — — — — 55,832 55,832 Commercial and industrial loans 1,013 411 152 5,137 6,713 911,963 918,676 Consumer loans — — — — — 18,888 18,888 Total $ 1,999 $ 651 $ 152 $ 20,628 $ 23,430 $ 4,771,329 $ 4,794,759 Percentage of total loans 0.04 % 0.01 % 0.00 % 0.43 % 0.49 % December 31, 2019: Real estate loans: Residential properties $ 89 $ 13 $ — $ 1,743 $ 1,845 $ 3,013,255 $ 3,015,100 Commercial properties 7,586 — 403 2,410 10,399 823,643 834,042 Land — — — — — 70,257 70,257 Commercial and industrial loans 695 2,007 — 8,714 11,416 588,797 600,213 Consumer loans 22 3 — — 25 16,248 16,273 Total $ 8,392 $ 2,023 $ 403 $ 12,867 $ 23,685 $ 4,512,200 $ 4,535,885 Percentage of total loans 0.19 % 0.04 % 0.01 % 0.28 % 0.52 % The following table presents the composition of TDRs by accrual and nonaccrual status as of: December 31, 2020 December 31, 2019 (dollars in thousands) Accrual Nonaccrual Total Accrual Nonaccrual Total Residential loans $ 1,200 $ — $ 1,200 $ 1,200 $ — $ 1,200 Commercial real estate loans 1,107 1,277 2,384 1,188 2,166 3,354 Commercial and industrial loans 1,041 2,832 3,873 557 2,972 3,529 Total $ 3,348 $ 4,109 $ 7,457 $ 2,945 $ 5,138 $ 8,083 The following tables provide information on loans that were modified as TDRs during the years ended December 31, 2020 and 2019: Outstanding Recorded Investment (dollars in thousands) Number of loans Pre-Modification Post-Modification Financial Impact Year Ended December 31, 2020: Commercial and industrial loans 1 $ 507 $ 507 $ — Total 1 $ 507 $ 507 $ — Outstanding Recorded Investment (dollars in thousands) Number of loans Pre-Modification Post-Modification Financial Impact Year Ended December 31, 2019 Residential loans 1 $ 1,200 $ 1,200 $ — Commercial real estate loans 1 2,872 2,872 — Commercial and industrial loans 7 1,754 1,754 — Total 9 $ 5,826 $ 5,826 $ — All of these loans were classified as a TDR as a result of a reduction in required principal payments and/or an extension of the maturity date of the loans. These loans have been paying in accordance with the terms of their restructure.

Allowance for Credit Losses

Allowance for Credit Losses	12 Months Ended
Allowance for Credit Losses	Dec. 31, 2020
Receivables [Abstract]
Allowance for Credit Losses	NOTE 6: ALLOWANCE FOR CREDIT LOSSES The following is a rollforward of the Bank’s allowance for credit losses for the years ended December 31: Beginning Adoption of Provision for Ending (dollars in thousands) Balance ASC 326 Credit Losses Charge-offs Recoveries Balance 2020: Real estate loans: Residential properties $ 8,423 $ 363 $ (3,671) $ — $ — $ 5,115 Commercial properties 4,166 3,760 785 — — 8,711 Land and construction 573 92 227 — — 892 Commercial and industrial loans 7,448 — 2,642 (1,844) 1,003 9,249 Consumer loans 190 — 43 — — 233 Total $ 20,800 $ 4,215 $ 26 $ (1,844) $ 1,003 $ 24,200 2019: Real estate loans: Residential properties $ 9,216 $ — $ (793) $ — $ — $ 8,423 Commercial properties 4,547 — (381) — — 4,166 Land and construction 391 — 182 — — 573 Commercial and industrial loans 4,628 — 3,653 (2,687) 1,854 7,448 Consumer loans 218 — (24) (5) 1 190 Total $ 19,000 $ — $ 2,637 $ (2,692) $ 1,855 $ 20,800 2018: Real estate loans: Residential properties $ 9,715 $ — $ (499) $ — $ — $ 9,216 Commercial properties 4,399 — 359 (211) — 4,547 Land and construction 395 — (4) — — 391 Commercial and industrial loans 3,624 — 4,413 (3,978) 569 4,628 Consumer loans 267 — (49) — — 218 Total $ 18,400 $ — $ 4,220 $ (4,189) $ 569 $ 19,000 We have determined that the roll forward disclosure of the allowance for credit losses in Note 5 of our 10-Q filings for each of the first, second, and third quarters of 2020 was misstated. The reported and restated amounts are detailed below; Beginning Adoption of Provision for Ending (dollars in thousands) UNAUDITED Balance ASC 326 Credit Losses Charge-offs Recoveries Balance Quarter Ended September 30, 2020: Reported $ 28,129 $ — $ (3,830) $ (338) $ 222 $ 24,183 Adjusted $ 28,129 $ — $ (3,830) $ (338) $ 222 $ 24,183 Nine Months Ended September 30, 2020: Reported $ 20,800 $ (4,215) $ 8,205 $ (1,393) $ 786 $ 24,183 Adjusted $ 20,800 $ 4,215 $ (225) $ (1,393) $ 786 $ 24,183 Quarter Ended June 30, 2020: Reported $ 18,785 $ — $ 9,756 $ (525) $ 113 $ 28,129 Adjusted $ 23,000 $ — $ 5,541 $ (525) $ 113 $ 28,129 Six Months Ended June 30, 2020: Reported $ 20,800 $ (4,215) $ 12,035 $ (1,055) $ 564 $ 28,129 Adjusted $ 20,800 $ 4,215 $ 3,605 $ (1,055) $ 564 $ 28,129 Quarter Ended March 31, 2020: Reported $ 20,800 $ — $ 2,279 $ (530) $ 451 $ 23,000 Adjusted $ 20,800 $ 4,215 $ (1,936) $ (530) $ 451 $ 23,000 The following table presents the balance in the allowance for credit losses and the recorded investment in loans by impairment method as of December 31: Allowance for Credit Losses Unaccreted Purchased Credit Evaluated for Impairment Credit Component (dollars in thousands) Individually Collectively Deteriorated Total Other Loans December 31, 2020: Allowance for credit losses: Real estate loans: Residential properties $ 1,059 $ 4,056 $ — $ 5,115 $ Commercial properties 374 8,337 — 8,711 Land — 892 — 892 Commercial and industrial loans 956 8,293 — 9,249 Consumer loans — 233 — 233 Total $ 2,389 $ 21,811 $ — $ 24,200 $ — Loans: Real estate loans: Residential properties $ 12,414 $ 3,040,858 $ 284 $ 3,053,556 $ Commercial properties 17,304 725,008 5,495 747,807 Land — 55,832 — 55,832 Commercial and industrial loans 6,472 911,910 294 918,676 Consumer loans — 18,888 — 18,888 Total $ 36,190 $ 4,752,496 $ 6,073 $ 4,794,759 $ — December 31, 2019: Allowance for credit losses: Real estate loans: Residential properties $ — $ 8,423 $ — $ 8,423 $ 1,013 Commercial properties 107 4,059 — 4,166 1,048 Land — 573 — 573 6 Commercial and industrial loans 763 6,685 — 7,448 277 Consumer loans — 190 — 190 1 Total $ 870 $ 19,930 $ — $ 20,800 $ 2,345 Loans: Real estate loans: Residential properties $ 2,897 $ 3,012,203 $ — $ 3,015,100 $ 189,339 Commercial properties 6,689 824,026 3,327 834,042 201,370 Land — 69,476 781 70,257 28,660 Commercial and industrial loans 9,316 590,489 408 600,213 24,143 Consumer loans — 16,273 — 16,273 253 Total $ 18,902 $ 4,512,467 $ 4,516 $ 4,535,885 $ 443,765 The column labeled “Unaccreted Credit Component Other Loans” represents the amount of unaccreted credit component discount for the other loans acquired in a business combination, and the stated principal balance of the related loans. The discount is equal to 0.53% December 31, 2019. In addition to this unaccreted credit component discount, an additional $0.3 million of the ACL was provided for these loans as of December 31, 2019. The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as loans secured by multifamily or commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Bank uses the following definitions for risk ratings: Pass: Special Mention: Substandard: Impaired: Additionally, all loans classified as troubled debt restructurings (“TDRs”) are considered impaired. Purchased credit deteriorated loans are not considered impaired loans for these purposes. Loans listed as pass include larger non-homogeneous loans not meeting the risk rating definitions above and smaller, homogeneous loans not assessed on an individual basis. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows as of December 31: Loans Individually (dollars in thousands) Pass Special Mention Substandard Loans Evaluated Total December 31, 2020: Real estate loans: Residential properties $ 3,040,139 $ 986 $ 17 $ 12,414 $ 3,053,556 Commercial properties 710,294 19,511 698 17,304 747,807 Land 55,832 — — — 55,832 Commercial and industrial loans 895,164 15,279 1,761 6,472 918,676 Consumer loans 18,888 — — — 18,888 Total $ 4,720,317 $ 35,776 $ 2,476 $ 36,190 $ 4,794,759 December 31, 2019: Real estate loans: Residential properties $ 3,012,203 $ — $ — $ 2,897 $ 3,015,100 Commercial properties 821,425 679 5,249 6,689 834,042 Land 69,476 — 781 — 70,257 Commercial and industrial loans 579,153 8,202 3,542 9,316 600,213 Consumer loans 16,273 — — — 16,273 Total $ 4,498,530 $ 8,881 $ 9,572 $ 18,902 $ 4,535,885 The risk categories of loans based on year of origination, with classified loans defined as special mention loans, substandard loans and loans individually evaluated as of December 31, 2020, are as follows: Revolving (dollars in thousands) 2020 2019 2018 2017 2016 Prior Loans Total Loans secured by Real Estate: Residential Multifamily Pass $ 774,701 $ 638,237 $ 469,866 $ 218,470 $ 82,941 $ 63,327 $ — $ 2,247,542 Classified — — — — — — — — Total $ 774,701 $ 638,237 $ 469,866 $ 218,470 $ 82,941 $ 63,327 $ — $ 2,247,542 Single Family Pass $ 173,564 $ 83,311 $ 110,560 $ 95,888 $ 107,568 $ 196,692 $ 25,014 $ 792,597 Classified — — — 2,932 — 7,134 3,351 13,417 Total $ 173,564 $ 83,311 $ 110,560 $ 98,820 $ 107,568 $ 203,826 $ 28,365 $ 806,014 Commercial Real Estate Pass $ 46,260 $ 100,432 $ 120,230 $ 129,120 $ 119,719 $ 194,533 $ — $ 710,294 Classified — 6,672 16,277 2,336 4,848 7,380 — 37,513 Total $ 46,260 $ 107,104 $ 136,507 $ 131,456 $ 124,567 $ 201,913 $ — $ 747,807 Land Pass $ 257 $ 15,923 $ 27,792 $ 10,532 $ 706 $ 622 $ — $ 55,832 Classified — — — — — — — — Total $ 257 $ 15,923 $ 27,792 $ 10,532 $ 706 $ 622 $ — $ 55,832 Commercial Pass $ 377,500 $ 146,279 $ 54,910 $ 15,868 $ 13,180 $ 16,823 $ 270,604 $ 895,164 Classified 3,283 4,238 3,056 838 2,756 730 8,611 23,512 Total $ 380,783 $ 150,517 $ 57,966 $ 16,706 $ 15,936 $ 17,553 $ 279,215 $ 918,676 Consumer Pass $ 2,557 $ — $ 1,321 $ 3 $ 6,784 $ 100 $ 8,123 $ 18,888 Classified — — — — — — — — Total $ 2,557 $ — $ 1,321 $ 3 $ 6,784 $ 100 $ 8,123 $ 18,888 Total loans Pass $ 1,374,839 $ 984,182 $ 784,679 $ 469,881 $ 330,898 $ 472,097 $ 303,741 $ 4,720,317 Classified 3,283 10,910 19,333 6,106 7,604 15,244 11,962 74,442 Total $ 1,378,122 $ 995,092 $ 804,012 $ 475,987 $ 338,502 $ 487,341 $ 315,703 $ 4,794,759 Impaired loans evaluated individually and any related allowance is as follows as of December 31: With No Allowance Recorded With an Allowance Recorded Unpaid Unpaid Principal Recorded Principal Recorded Related (dollars in thousands) Balance Investment Balance Investment Allowance December 31, 2020: Real estate loans: Residential properties $ 9,410 $ 9,327 $ 3,092 $ 3,087 $ 1,059 Commercial properties 12,996 12,687 4,617 4,617 374 Land — — — — — Commercial and industrial loans 2,985 2,557 4,039 3,915 956 Total $ 25,391 $ 24,571 $ 11,748 $ 11,619 $ 2,389 December 31, 2019: Real estate loans: Residential properties $ 2,970 $ 2,897 $ — $ — $ — Commercial properties 5,683 5,456 1,188 1,188 107 Land — — — — — Commercial and industrial loans 6,485 5,708 3,764 3,653 763 Total $ 15,138 $ 14,061 $ 4,952 $ 4,841 $ 870 The weighted average annualized average balance of the recorded investment for impaired loans, beginning from when the loan became impaired, and any interest income recorded on impaired loans after they became impaired is as follows for the years ending December 31: Year Ended Year Ended December 31, 2020 December 31, 2019 Average Average Recorded Interest Recorded Interest (dollars in thousands) Investment Income Investment Income Real estate loans: Residential properties $ 31,923 $ 56 $ 1,765 $ 13 Commercial properties 35,517 311 8,889 341 Land 335 — 523 — Commercial and industrial loans 26,525 920 10,608 11 Consumer loans 47 1 — — Total $ 94,347 $ 1,288 $ 21,785 $ 365 There was no interest income recognized on a cash basis in 2020, 2019 or 2018 on impaired loans. The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses and the related ACL allocated to these loans: Equipment/ ACL (dollars in thousands) Real Estate Cash Receivables Total Allocation December 31, 2020: Loans secured by Real Estate: Residential properties Single family $ 10,144 $ — $ — $ 10,144 $ 1,051 Commercial real estate loans — — — — — Land — — — — — Commercial loans — 250 122 372 44 Consumer loans — — — — — Total $ 10,144 $ 250 $ 122 $ 10,516 $ 1,095

Premises and Equipment

Premises and Equipment	12 Months Ended
Premises and Equipment	Dec. 31, 2020
Premises and Equipment
Premises and Equipment	NOTE 7: PREMISES AND EQUIPMENT A summary of premises and equipment is as follows at December 31: (dollars in thousands) 2020 2019 Leasehold improvements and artwork $ 7,762 $ 7,415 Information technology equipment 11,155 8,772 Furniture and fixtures 3,503 3,370 Land and auto 805 805 Total 23,225 20,362 Accumulated depreciation and amortization (15,213) (12,007) Net $ 8,012 $ 8,355

Real Estate Owned

Real Estate Owned	12 Months Ended
Real Estate Owned	Dec. 31, 2020
Real Estate Owned
Real Estate Owned	NOTE 8: REAL ESTATE OWNED The activity in our portfolio of REO is as follows during the periods ending December 31: (dollars in thousands) 2020 2019 Beginning balance $ — $ 815 Loans transferred to REO — — REO acquired in merger — — Dispositions of REO — (815) Ending balance $ — $ —

Loan Sales and Mortgage Servici

Loan Sales and Mortgage Servicing Rights	12 Months Ended
Loan Sales and Mortgage Servicing Rights	Dec. 31, 2020
Loan Sales and Mortgage Servicing Rights
Loan Sales and Mortgage Servicing Rights	NOTE 9: LOAN SALES AND MORTGAGE SERVICING RIGHTS In 2020, FFB sold $553 million of multifamily loans and recognized a gain of $15.1 million. In 2019, FFB recognized $4.2 million of gains on the sale of $549 million of multifamily loans. In 2018, FFB recognized $0.4 million of gains on the sale of $674 million of multifamily loans through a securitization sponsored by Freddie Mac. For the sales of multifamily loans in 2020, 2019, and 2018, FFB retained servicing rights for the majority of these loans and recognized mortgage servicing rights as part of the transactions. As of December 31, 2020, and 2019, net mortgage servicing rights were $7.9 million and $7 million, respectively and the amount of loans serviced for others totaled $1.5 billion and $1.7 billion at December 31, 2020 and 2019, respectively. In 2020 we recorded a $1.4 million valuation allowance on mortgage servicing rights. Servicing fees collected in 2020, 2019, and 2018 were $ 1.6 million, $1.7 million, and $1.1 million, respectively.

Deposits

Deposits	12 Months Ended
Deposits	Dec. 31, 2020
Deposits [Abstract]
Deposits	NOTE 10: DEPOSITS The following table summarizes the outstanding balance of deposits and average rates paid thereon at December 31: 2020 2019 Weighted Weighted (dollars in thousands) Amount Average Rate Amount Average Rate Demand deposits: Noninterest-bearing $ 1,655,847 — $ 1,192,481 — Interest-bearing 871,289 0.372 % 386,276 0.635 % Money market and savings 2,407,401 0.549 % 1,334,736 1.355 % Certificates of deposits 978,896 0.591 % 1,977,651 1.971 % Total $ 5,913,433 0.376 % $ 4,891,144 1.217 % At December 31, 2020, of the $416 million of certificates of deposits of $250,000 or more, $409 million mature within one year and $7 million mature after one year. Of the $563 million of certificates of deposit of less than $250,000, $520 million mature within one year and $43 million mature after one year. At December 31, 2019, of the $472 million of certificates of deposits of $250,000 or more, $471 million mature within one year and $0.8 million mature after one year. Of the $1.5 billion of certificates of deposit of less than $250,000, $1.5 billion mature within one year and $13 million mature after one year.

Borrowings

Borrowings	12 Months Ended
Borrowings	Dec. 31, 2020
Debt Disclosure [Abstract]
Borrowings	NOTE 11: BORROWINGS At December 31, 2020, our borrowings consisted of $255 million in FHLB term advances at the Bank, and $14 million of borrowings under a holding company line of credit. At December 31, 2019, our borrowings consisted of $233 million in an overnight FHLB advance at the Bank, a $500 million FHLB term advance at the Bank, and $10 million of borrowings under a holding company line of credit. The FHLB overnight advance was paid in full in the early part of January 2020 and bore an interest rate of 1.66%. The $250 million FHLB term advance outstanding at December 31, 2020 matures in March 2021, and bears an interest rate of 0.47%. The $5 million zero interest advance outstanding at December 31, 2020 matures in April 2021. At December 31, 2020 and December 31, 2019, the interest rates on the company line of credit were 3.73% and 5.60%, respectively. Because the Bank utilizes overnight borrowings, the balance of outstanding borrowings fluctuates on a daily basis. FHLB advances are collateralized by loans secured by multifamily and commercial real estate properties with a carrying value of $3.6 billion as of December 31, 2020. As a matter of practice, the Bank provides substantially all of its qualifying loans as collateral to the FHLB. The Bank’s total borrowing capacity from the FHLB at December 31, 2020 was $2 billion. In addition to the $255 million borrowing, the Bank had in place $277 million of letters of credit from the FHLB which are used to meet collateral requirements for borrowings from the State of California and local agencies. During 2017, FFI entered into a loan agreement with an unaffiliated lender that provides for a revolving line of credit for up to $40 million. The loan agreement matures in five years, with an option to extend the maturity date subject to certain conditions, and bears interest at 90 day LIBOR plus 350 The Bank also has $195 million available unsecured fed funds lines, ranging in size from $20 million to $100 million, with five None these lines had outstanding borrowings as of December 31, 2020. Combined, the Bank’s unused lines of credit as of December 31, 2020 were $2.4 billion. The average daily balance of overnight borrowings outstanding during 2020, 2019 and 2018 was $56 million, $413 million and $577 million, respectively.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
Shareholders' Equity	Dec. 31, 2020
Stockholders' Equity
Shareholders' Equity	NOTE 12: SHAREHOLDERS’ EQUITY FFI is a holding company and does not have any direct operating activities. Any future cash flow needs of FFI are expected to be met by its existing cash and cash equivalents and dividends from its subsidiaries. The Bank is subject to various laws and regulations that limit the amount of dividends that a bank can pay without obtaining prior approval from bank regulators. Additionally, under the terms of the holding company line of credit agreement, FFI may only declare and pay a dividend if the total amount of dividends and stock repurchases during the current twelve months does not exceed 50% of FFI’s net income for the same twelve month period. As of December 31, 2020, FFI’s cash and cash equivalents totaled $4.7 million.

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Dec. 31, 2020
Earnings Per Share
Earnings Per Share	NOTE 13: EARNINGS PER SHARE The following table sets forth the Company’s earnings per share calculations for the years ended December 31: 2020 2019 2018 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Basic Diluted Net income $ 84,369 $ 84,369 $ 56,239 $ 56,239 $ 42,958 $ 42,958 Basic common shares outstanding 44,639,430 44,639,430 44,617,361 44,617,361 42,092,361 42,092,361 Effect of options, restricted stock and contingent shares issuable 261,375 293,904 474,747 Diluted common shares outstanding 44,900,805 44,911,265 42,567,108 Earnings per share $ 1.89 $ 1.88 $ 1.26 $ 1.25 $ 1.02 $ 1.01

Stock Based Compensation

Stock Based Compensation	12 Months Ended
Stock Based Compensation	Dec. 31, 2020
Stock Based Compensation
Stock Based Compensation	NOTE 14: STOCK BASED COMPENSATION In 2007, the Board of Directors of FFI approved two equity incentive plans that provided for the grant of stock options, shares of restricted stock, restricted stock units (“RSUs”), stock bonus awards and performance awards (collectively, “Equity Incentive Awards”) to the Company’s executive officers, other key employees and directors up to 1,300,282 shares of the FFI’s common stock. In 2010, shareholders approved an increase of 580,000 in the number of shares available for issuance under one of these plans. In 2015, shareholders approved a new equity incentive plan whereby: the Company can no longer issue Equity Incentive Awards under the previously approved plans; 750,000 shares of common stock will be available for the grant of Equity Incentive Awards to the Company’s executive officers, other key employees and directors; Equity Incentive Awards that are outstanding under the prior plans will remain outstanding and unchanged and subject to the terms of those Plans; and upon termination, cancellation or forfeiture of any of the Equity Incentive Awards that are outstanding under the prior plans, those shares will be added to the pool of shares available for future grants of Equity Incentive Awards under the plan approved in 2015. The shares included above do not reflect the impact of the two for one stock split which occurred at the beginning of 2017. The Company recognized stock-based compensation expense of $2.1 million, $1.6 million, and $2.6 million in 2020, 2019, and 2018, respectively, related to RSUs. Stock options, when granted, have an exercise price not less than the current market value of the common stock and expire after ten years if not exercised. If applicable, vesting periods are set at the date of grant and the Plans provide for accelerated vesting should a change in control occur. The following table summarizes the activities in the Plans during 2020: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2019 548,550 $ 7.79 Options granted — — Options exercised (117,500) 7.79 Options forfeited (57,000) 7.66 Balance: December 31, 2020 374,050 7.81 1.08 Years $ 3,586 Options exercisable 374,050 $ 7.81 1.08 Years $ 3,586 The intrinsic value of stock options exercised in 2020 was $0.8 million. The following table summarizes the activities in the Plans during 2019: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2018 592,550 $ 7.78 Options granted — — Options exercised (44,000) 7.60 Options forfeited — — Balance: December 31, 2019 548,550 7.79 2.02 Years $ 5,270 Options exercisable 548,550 $ 7.79 2.02 Years $ 5,270 The intrinsic value of stock options exercised in 2019 was $0.3 million. The following table summarizes the activities in the Plans during 2018: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2017 900,884 $ 7.73 Options granted — — Options exercised (308,334) 7.64 Options forfeited — — Balance: December 31, 2018 592,550 7.78 2.88 Years $ 3,012 Options exercisable 592,550 $ 7.78 2.88 Years $ 3,012 The intrinsic value of stock options exercised in 2018 was $3.2 million. The following table provides a summary of the RSUs issued by the Company under its equity incentive plans for the periods ended December 31: 2020 2019 2018 Weighted Weighted Weighted Average Grant Average Grant Average Grant Shares Date Fair Value Shares Date Fair Value Shares Date Fair Value Balance: January 1 139,278 $ 15.69 114,320 $ 17.51 149,766 $ 14.73 New RSUs 159,186 15.26 157,494 15.18 119,438 18.03 Shares vested and issued (103,741) 15.74 (132,536) 16.65 (154,884) 15.23 RSUs forfeited — — — — — — Balance December 31 194,723 $ 15.32 139,278 $ 15.69 114,320 $ 17.51 The fair value of the shares vested and issued was $1.6 million, $2.0 million and $2.8 million in 2020 2019 2018

401(k) Profit Sharing Plan

401(k) Profit Sharing Plan	12 Months Ended
401(k) Profit Sharing Plan	Dec. 31, 2020
401(k) Profit Sharing Plan
401(k) Profit Sharing Plan	NOTE 15: 401(k) PROFIT SHARING PLAN The Company’s employees participate in the Company’s 401(k) profit sharing plan (the “401k Plan”) that covers all employees eighteen years of age or older who have completed three months of employment. Each employee eligible to participate in the 401k Plan may contribute up to 100% of his or her compensation, subject to certain statutory limitations. In 2020, 2019, and 2018, the Company matched 100% of a participant’s contribution up to 3% of a participant’s compensation and an additional 50% of a participant’s contribution up to the next 2% of a participant’s compensation. These employer contributions are subject to the plan’s vesting schedule. The Company contributions of $1.8 million, $1.9 million and $1.7 million were included in Compensation and Benefits for 2020, 2019 and 2018, respectively. The Company may also make an additional profit sharing contribution on behalf of eligible employees. No profit sharing contributions were made in 2020, 2019 or 2018.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2020
Income Taxes
Income Taxes	NOTE 16: INCOME TAXES The Company is subject to federal income tax and California franchise tax. Income tax expense (benefit) was as follows for the years ended December 31: (dollars in thousands) 2020 2019 2018 Current expense: Federal $ 23,316 $ 15,411 $ 10,168 State 12,661 7,922 5,768 Deferred expense (benefit): Federal (1,315) (235) 919 State (264) 162 273 Total $ 34,398 $ 23,260 $ 17,128 The following is a comparison of the federal statutory income tax rates to the Company’s effective income tax rate for the years ended December 31: 2020 2019 2018 (dollars in thousands) Amount Rate Amount Rate Amount Rate Income before taxes $ 118,767 $ 79,499 $ 60,086 Federal tax statutory rate $ 24,941 21.00 % $ 16,695 21.00 % $ 12,618 21.00 % State tax, net of Federal benefit 9,612 8.09 % 6,405 8.06 % 4,876 8.12 % Windfall benefit – exercise of stock options (118) (0.10) % — — % (816) (1.36) % Low income housing, net benefit (638) (0.54) % — — % — — % Tax exempt interest income (150) (0.12) % — — % — — % Other items, net 751 0.63 % 160 0.20 % 450 0.75 % Effective tax rate $ 34,398 28.96 % $ 23,260 29.26 % $ 17,128 28.51 % Deferred taxes are a result of differences between income tax accounting and generally accepted accounting principles with respect to income tax recognition. The following is a summary of the components of the net deferred tax assets recognized in the accompanying consolidated balance sheets at December 31: (dollars in thousands) 2020 2019 Deferred tax assets (liabilities) Allowance for credit and REO losses $ 8,546 $ 6,576 Operating loss carryforwards 1,924 2,060 State taxes 2,611 1,573 Stock-based compensation 558 472 Market valuation: Acquired loans and REO 2,438 3,890 Capital activities – mark to market 847 846 Compensation related 1,210 773 Core deposit intangible (1,977) (2,525) Prepaid expenses (1,234) (838) Depreciation (1,014) (853) Accumulated other comprehensive income (5,824) (1,769) Other 518 874 Net deferred tax assets $ 8,603 $ 11,079 As part of a merger in 2012, the Company acquired operating loss carryforwards of $13.4 million. These operating loss carryforwards are subject to limitation under Section 382 of the Internal Revenue Service Code and expire in 2032. As a result, the Company will only be able to utilize operating loss carryforwards of $8.2 million, ratably over a period of 20 years. As part of a merger in 2015, the Company acquired operating loss carryforwards of $3.9 million. These operating loss carryforwards are subject to limitation under Section 382 of the Internal Revenue Service Code and expire in 2035. As part of the mergers in 2017 and 2018, the Company acquired operating loss carryforwards of $0.7 and $3.3 million, respectively. These operating loss carryforwards are subject to limitation under Section 382 of the Internal Revenue Service Code and have been fully utilized as of the end of 2020. As of December 31, 2020, the remaining operating loss carryforwards from the 2012 and 2015 acquisitions available to be utilized by the Company were $6.7 million. The Company has no other operating loss carryforwards. The Company is subject to federal income tax and franchise tax in the state of California. Income tax returns for the periods 2017 through 2020 are open to audit by federal authorities, for the periods 2016 through 2020 by California state authorities, and for 2017 through 2020 by Hawaii state authorities.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2020
Commitments and Contingencies
Commitments and Contingencies	NOTE 17: COMMITMENTS AND CONTINGENCIES Leases The Company adopted ASU 2016-02, Leases (Topic 842), The Company leases certain facilities for its corporate offices and branch operations under non-cancelable operating leases that expire through 2029. All leases were classified as operating leases and therefore, were previously not recognized on the Company’s consolidated balance sheet. With the adoption of Topic 842, operating lease agreements are required to be recognized on the consolidated balance sheet as a right-of-use (“ROU”) asset and a corresponding lease liability. Certain leases include options to renew, with renewal terms that can extend the lease term. The depreciable life of leased assets are limited by the expected lease term. Adoption of this standard resulted in the Company recognizing a right of use asset of $21.1 million, a corresponding lease liability of $22.7 million on January 1, 2019 and eliminated a $1.6 million deferred rent liability recognized under previous accounting standards. Supplemental lease information at or for the twelve months ended December 31, 2020 is as follows: (dollars in thousands) Balance Sheet: Operating lease asset classified as other assets $ 14,387 Operating lease liability classified as other liabilities 15,650 Income Statement: Operating lease cost classified as occupancy and equipment expense $ 6,082 Weighted average lease term, in years 5.03 Weighted average discount rate 5.39 % Operating cash flows $ 6,278 The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used. The Company leases certain facilities for its corporate offices and branch operations under non-cancelable operating leases that expire through 2029. Lease expense for 2020, 2019, and 2018 was $6.1 million, $5.9 million, and $5.8 million, respectively. Future minimum lease commitments under all non-cancelable operating leases at December 31, 2020 are as follows: (dollars in thousands) 2021 $ 6,392 2022 5,361 2023 2,524 2024 2,143 2025 and after 2,198 Total future minimum lease payments $ 18,618 Discount on cash flows 2,968 Total lease liability $ 15,650 Financial Instruments with Off-Balance Sheet Risk In the normal course of business, the Bank is a party to financial instruments with off-balance sheet risk to meet the financing needs of customers and to reduce exposure to fluctuations in interest rates. These financial instruments may include commitments to extend credit and standby and commercial letters of credit. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Standby and commercial letters of credit and financial guarantees are conditional commitments issued by the Bank to guaranty the performance of a customer to a third party. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The following table provides the off-balance sheet arrangements of the Bank as of December 31: (dollars in thousands) 2020 2019 Commitments to fund new loans $ 36,143 $ 54,687 Commitments to fund under existing loans, lines of credit 517,169 473,646 Commitments under standby letters of credit 15,589 10,769 Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include deposits, marketable securities, accounts receivable, inventory, property, plant and equipment, motor vehicles and real estate. Litigation From time to time, the Company may become party to various lawsuits, which have arisen in the course of business. While it is not possible to predict with certainty the outcome of such litigation, it is the opinion of management, based in part upon opinions of counsel, that the liability, if any, arising from such lawsuits would not have a material adverse effect on the Company’s financial position or results of operations.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	12 Months Ended
Derivatives and Hedging Activities	Dec. 31, 2020
Derivatives and Hedging Activities
Derivatives and Hedging Activities	NOTE 18: DERIVATIVES AND HEDGING ACTIVITIES Derivatives, specifically interest rate swaps, are used by the Company to reduce the risk that significant increases in interest rates may have on the value of loans held for sale. Derivative transactions are measured in terms of notional amount, which is not recorded in the consolidated statements of financial condition. The notional amount is generally not exchanged and is used as the basis for interest and other contractual payments. Derivatives are reported at their respective fair values in other assets or other liabilities on the consolidated balance sheet, with changes in fair value recognized currently in earnings. During the fourth quarter of 2018, we entered into two swap agreements, with combined notional amounts of $500 million, to offset the impact of changes in interest rates on the value of loans held for sale. These swaps were designated as fair value hedges using the last-of-layer method with the interest rate risk component of the loans held for sale designated as the hedged risk. During the second quarter of 2018, we entered into four interest rate swap agreements, with combined notional amounts of $652 million, to mitigate against the effect of increases in interest rates on loans held for sale. These swaps were designated as non-hedging activities and were closed out in the third quarter of 2018. During 2018, the payment of the difference between the fixed and floating rate of these interest rate swaps resulted in a $0.8 million reduction in loan interest income and the increase in value of these interest rate swaps of $5.9 million was included in gain on sale of loans in 2018. The following table provides the effect of fair value hedge accounting on the consolidated income statement for 2020, including the location and amount of gain or (loss) recognized in income on fair value hedging relationships: Interest Income - (dollars in thousands) Loans Gain or (Loss): Interest contracts: Hedged items $ 12,102 Derivatives designated as hedging instruments (11,476) The following table provides the effect of fair value hedge accounting on the consolidated income statement for 2019, including the location and amount of gain or (loss) recognized in income on fair value hedging relationships: Interest Income - (dollars in thousands) Loans Gain or (Loss): Interest contracts: Hedged items $ 25,006 Derivatives designated as hedging instruments (19,883) There were no derivative positions outstanding at December 31, 2020.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2020
Related Party Transactions
Related Party Transactions	NOTE 19: RELATED-PARTY TRANSACTIONS The Bank held $4.1 million and $2.8 million of deposits from related parties, including directors and executive officers of the Company and their affiliates, as of December 31, 2020 and December 31, 2019, respectively. Interest paid on deposit accounts held by related parties was $22,000 in 2020, $30,000 in 2019 and $11,000 in 2018. As of December 31, 2020, related parties, including directors and executive officers of the Company and their affiliates, held $8.1 million in assets under management with FFA and FFB. In both 2020 and 2019, the Company received $0.1 million in fees related to these assets under management. Two executive officers of FFB have minority interests in an entity which FFB uses for software services, for which FFB paid $0.3 million in 2020, $0.3 million in 2019, and $0.2 million in 2018. The CEO of the Company is a director of another financial institution that has deposits with the Bank and, in 2018 and 2017, purchased $52.1 million and $121.9 million of loans, respectively, from the Bank for which the Bank will continue to provide servicing. The balance of deposits held at the Bank was $45.7 million and $45.5 million at December 31, 2020 and December 31, 2019, respectively, and the interest paid by the Bank was $0.2 million and $0.7 million in 2020 and 2019, respectively. The gain on sale of loans in 2018 was $0.2 million. The amount of loans serviced for this financial institution was $172 million at December 31, 2020. In 2017, the Bank participated in a sub debt offering from the financial institution for $15 million. The Bank earned $0.8 million from this investment in 2020, 2019, and 2018.

Regulatory Matters

Regulatory Matters	12 Months Ended
Regulatory Matters	Dec. 31, 2020
Regulatory Matters
Regulatory Matters	NOTE 20: REGULATORY MATTERS FFI and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on FFI and the Bank’s financial condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of FFI and the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Under a new comprehensive capital framework for U.S. banking organizations, which became effective on January 1, 2015, with certain of their provisions phased-in over a several years through January 1, 2019, the Company (on a consolidated basis) and FFB (on a stand-alone basis) are required to meet specific capital adequacy requirements that, for the most part, involve quantitative measures, primarily in terms of the ratios of their capital to their assets, liabilities, and certain off-balance sheet items, calculated under regulatory accounting practices. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. FFI’s and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by the regulators to ensure capital adequacy require FFI and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to assets (as defined). Management believes, as of December 31, 2020 and December 31, 2019 that FFI and the Bank met all capital adequacy requirements. The following table sets forth the capital and capital ratios of FFI (on a consolidated basis) and FFB (on a stand-alone basis) as of the respective dates and as compared to the respective regulatory requirements applicable to them: To Be Well-Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio FFI December 31, 2020 CET1 capital ratio $ 589,276 11.55 % $ 229,490 4.50 % Tier 1 leverage ratio 589,276 8.93 % 263,986 4.00 % Tier 1 risk-based capital ratio 589,276 11.55 % 305,987 6.00 % Total risk-based capital ratio 620,700 12.17 % 407,982 8.00 % December 31, 2019 CET1 capital ratio $ 513,083 10.65 % $ 216,782 4.50 % Tier 1 leverage ratio 513,083 8.25 % 248,798 4.00 % Tier 1 risk-based capital ratio 513,083 10.65 % 289,043 6.00 % Total risk-based capital ratio 537,048 11.15 % 385,390 8.00 % BANK December 31, 2020 CET1 capital ratio $ 591,171 11.63 % $ 228,703 4.50 % $ 330,349 6.50 % Tier 1 leverage ratio 591,171 8.98 % 263,330 4.00 % 329,162 5.00 % Tier 1 risk-based capital ratio 591,171 11.63 % 304,938 6.00 % 406,583 8.00 % Total risk-based capital ratio 622,595 12.25 % 406,583 8.00 % 508,229 10.00 % December 31, 2019 CET1 capital ratio $ 510,142 10.62 % $ 216,063 4.50 % $ 312,091 6.50 % Tier 1 leverage ratio 510,142 8.22 % 248,119 4.00 % 310,148 5.00 % Tier 1 risk-based capital ratio 510,142 10.62 % 288,084 6.00 % 384,112 8.00 % Total risk-based capital ratio 534,107 11.12 % 384,112 8.00 % 480,140 10.00 % As of each of the dates set forth in the above table, the Company exceeded the minimum required capital ratios applicable to it and FFB’s capital ratios exceeded the minimums necessary to qualify as a well-capitalized depository institution under the prompt corrective action regulations. The required ratios for capital adequacy set forth in the above table do not include the additional capital conservation buffer, though each of the Company and FFB maintained capital ratios necessary to satisfy the capital conservation buffer requirements as of the dates indicated. As of December 31, 2020, the amount of capital at FFB in excess of amounts required to be Well Capitalized was $261 million for the CET-1 capital ratio, $262 million for the Tier 1 leverage ratio, $185 million for the Tier 1 risk-based capital ratio and $114 million for the Total risk-based capital ratio. No conditions or events have occurred since December 31, 2020 that we believe have changed FFI’s or FFB’s capital adequacy classifications from those set forth in the above table. If a banking organization does not hold a capital conservation buffer composed of common equity tier 1 capital above its minimum risk-based capital requirements, it will face constraints on dividends, equity repurchases and executive compensation based on the amount of the shortfall. The capital buffer, which is 2.5%, is measured against risk weighted assets and is therefore not applicable to the tier 1 leverage ratio. The following table sets forth the minimum capital ratios plus the applicable increment of the capital conservation buffer that took effect on January 1, 2019: CET-1 to risk-weighted assets 7.00 % Tier 1 capital (i.e., CET-1 plus Additional Tier 1) to risk-weighted assets 8.50 % Total capital (i.e., Tier 1 plus Tier 2) to risk-weighted assets 10.50 %

Noninterest Income

Noninterest Income	12 Months Ended
Noninterest Income	Dec. 31, 2020
Noninterest Income [Abstract]
Noninterest Income	NOTE 21: NONINTEREST INCOME The following table represents revenue from contracts with customers as well as other noninterest income for the years ended December 31: (dollars in thousands) 2020 2019 2018 Asset management, consulting and other fees: Wealth management $ 23,413 $ 23,067 $ 24,430 Trust fees 5,645 5,124 3,833 Consulting fees 407 467 485 Total $ 29,465 $ 28,658 $ 28,748 Other income: Deposit fees $ 1,236 $ 1,070 $ 838 Loan related fees 8,334 6,667 4,421 Other 472 1,163 1,345 Total $ 10,042 $ 8,900 $ 6,604 Receivables from contracts with customers, which consist primarily of asset management fees, were $8.7 million, $1 million and $1.8 million at December 31, 2020, 2019 and 2018, respectively, and are included in other assets on the consolidated balance sheets.

Other Expenses

Other Expenses	12 Months Ended
Other Expenses	Dec. 31, 2020
Other Expenses
Other Expenses	NOTE 22: OTHER EXPENSES The following items are included in the consolidated income statements as other expenses for the years ended December 31: (dollars in thousands) 2020 2019 2018 Regulatory assessments $ 3,817 $ 3,969 $ 3,652 Directors’ compensation expenses 639 628 596 Acquisition expenses — (490) 3,794

Segment Reporting

Segment Reporting	12 Months Ended
Segment Reporting	Dec. 31, 2020
Segment Reporting
Segment Reporting	NOTE 23: SEGMENT REPORTING In 2020, 2019, and 2018 the Company had two reportable business segments: Banking (FFB) and Wealth Management (FFA). The results of FFI and any elimination entries are included in the column labeled Other. The reportable segments are determined by products and services offered and the corporate structure. Business segment earnings before taxes are the primary measure of the segment’s performance as evaluated by management. Business segment earnings before taxes include direct revenue and expenses of the segment as well as corporate and inter-company cost allocations. Allocations of corporate expenses, such as finance and accounting, data processing and human resources, are calculated based on estimated activity or usage levels. The management accounting process measures the performance of the operating segments based on the Company’s management structure and is not necessarily comparable with similar information for other financial services companies. If the management structures and/or the allocation process changes, allocations, transfers and assignments may change. The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the years ended December 31: Wealth (dollars in thousands) Banking Management Other Total 2020: Interest income $ 243,891 $ — $ — $ 243,891 Interest expense 47,078 — 169 47,247 Net interest income 196,813 — (169) 196,644 Provision for loan losses 6,746 — — 6,746 Noninterest income 31,567 24,510 (1,430) 54,647 Noninterest expense 102,019 21,778 1,981 125,778 Income (loss) before taxes on income $ 119,615 $ 2,732 $ (3,580) $ 118,767 2019: Interest income $ 248,760 $ — $ — $ 248,760 Interest expense 78,450 — 356 78,806 Net interest income 170,310 — (356) 169,954 Provision for loan losses 2,637 — — 2,637 Noninterest income 18,844 24,136 (1,204) 41,776 Noninterest expense 104,367 21,931 3,296 129,594 Income (loss) before taxes on income $ 82,150 $ 2,205 $ (4,856) $ 79,499 2018: Interest income $ 207,306 $ — $ — $ 207,306 Interest expense 49,935 — 1,761 51,696 Net interest income 157,371 — (1,761) 155,610 Provision for loan losses 4,220 — — 4,220 Noninterest income 11,322 25,247 (798) 35,771 Noninterest expense 100,778 21,670 4,627 127,075 Income (loss) before taxes on income $ 63,695 $ 3,577 $ (7,186) $ 60,086 The following tables show the financial position for each of our business segments, and of FFI which is included in the column labeled Other, and the eliminating entries used to arrive at our consolidated totals at December 31: Wealth (dollars in thousands) Banking Management Other Eliminations Total 2020: Cash and cash equivalents $ 629,066 $ 1,671 $ 4,692 $ (5,722) $ 629,707 Securities AFS 807,426 — — — 807,426 Loans held for sale 505,404 — — — 505,404 Loans, net 4,779,599 — — — 4,779,599 Premises and equipment 7,313 563 136 — 8,012 FHLB Stock 17,250 — — — 17,250 Deferred taxes 8,663 186 (246) — 8,603 Goodwill and Intangibles 95,296 — — — 95,296 Other assets 91,702 314 713,940 (700,093) 105,863 Total assets $ 6,941,719 $ 2,734 $ 718,522 $ (705,815) $ 6,957,160 Deposits $ 5,919,155 $ — $ — $ (5,722) $ 5,913,433 Borrowings 255,000 — 14,000 — 269,000 Intercompany balances 4,493 (3,519) (974) — — Other liabilities 65,423 3,808 9,785 — 79,016 Shareholders’ equity 697,648 2,445 695,711 (700,093) 695,711 Total liabilities and equity $ 6,941,719 $ 2,734 $ 718,522 $ (705,815) $ 6,957,160 2019: Cash and cash equivalents $ 65,083 $ 5,054 $ 7,064 $ (11,814) $ 65,387 Securities AFS 1,014,966 — — — 1,014,966 Loans held for sale 503,036 — — — 503,036 Loans, net 4,526,833 — — — 4,526,833 Premises and equipment 7,561 658 136 — 8,355 FHLB Stock 21,519 — — — 21,519 Deferred taxes 10,778 133 168 — 11,079 Goodwill and Intangibles 97,191 — — — 97,191 Other assets 51,229 445 627,785 (613,389) 66,070 Total assets $ 6,298,196 $ 6,290 $ 635,153 $ (625,203) $ 6,314,436 Deposits $ 4,902,958 $ — $ — $ (11,814) $ 4,891,144 Borrowings 733,000 — 10,000 — 743,000 Intercompany balances 3,111 469 (3,580) — — Other liabilities 48,159 3,400 14,864 — 66,423 Shareholders’ equity 610,968 2,421 613,869 (613,389) 613,869 Total liabilities and equity $ 6,298,196 $ 6,290 $ 635,153 $ (625,203) $ 6,314,436

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
Quarterly Financial Information (Unaudited)	Dec. 31, 2020
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)	NOTE 24: QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (dollars in thousands, First Second Third Fourth except per share amounts) Quarter Quarter Quarter Quarter Full Year Year Ended December 31, 2020: Interest income $ 62,338 $ 61,932 $ 61,691 $ 57,930 $ 243,891 Interest expense 17,470 13,485 10,074 6,218 47,247 Net interest income 44,868 48,447 51,617 51,712 196,644 Provision for loan losses 4,064 1,367 1,548 (233) 6,746 Noninterest income 10,675 8,969 23,641 11,362 54,647 Noninterest expense 32,872 30,937 30,595 31,374 125,778 Income before taxes on income 18,607 25,112 43,115 31,933 118,767 Taxes on income 5,396 7,258 12,177 9,567 34,398 Net income $ 13,211 $ 17,854 $ 30,938 $ 22,366 $ 84,369 Income per share Basic $ 0.30 $ 0.40 $ 0.69 $ 0.50 $ 1.89 Diluted $ 0.29 $ 0.40 $ 0.69 $ 0.50 $ 1.88 Year Ended December 31, 2019: Interest income $ 60,544 $ 63,308 $ 62,614 $ 62,294 $ 248,760 Interest expense 19,497 21,421 19,482 18,406 78,806 Net interest income 41,047 41,887 43,132 43,888 169,954 Provision for loan losses 540 1,231 172 694 2,637 Noninterest income 8,465 9,131 13,982 10,198 41,776 Noninterest expense 32,945 32,282 32,694 31,673 129,594 Income before taxes on income 16,027 17,505 24,248 21,719 79,499 Taxes on income 4,768 5,095 6,892 6,505 23,260 Net income $ 11,259 $ 12,410 $ 17,356 $ 15,214 $ 56,239 Income per share Basic $ 0.25 $ 0.28 $ 0.39 $ 0.34 $ 1.26 Diluted $ 0.25 $ 0.28 $ 0.39 $ 0.34 $ 1.25 Year Ended December 31, 2018: Interest income $ 43,319 $ 48,498 $ 58,047 $ 57,442 $ 207,306 Interest expense 9,051 12,247 14,321 16,077 51,696 Net interest income 34,268 36,251 43,726 41,365 155,610 Provision for loan losses 1,688 2,450 9 73 4,220 Noninterest income 8,982 6,984 11,104 8,701 35,771 Noninterest expense 28,988 33,982 33,967 30,138 127,075 Income before taxes on income 12,574 6,803 20,854 19,855 60,086 Taxes on income 3,598 1,657 6,147 5,726 17,128 Net income $ 8,976 $ 5,146 $ 14,707 $ 14,129 $ 42,958 Income per share Basic $ 0.23 $ 0.13 $ 0.33 $ 0.32 $ 1.02 Diluted $ 0.23 $ 0.12 $ 0.33 $ 0.31 $ 1.01

Parent Only Financial Statement

Parent Only Financial Statements	12 Months Ended
Parent Only Financial Statements	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Parent Only Financial Statements	NOTE 25: PARENT ONLY FINANCIAL STATEMENTS BALANCE SHEETS December 31, (dollars in thousands) 2020 2019 ASSETS Cash and cash equivalents $ 4,692 $ 7,064 Premises and equipment, net 136 136 Deferred taxes (246) 168 Investment in subsidiaries 700,093 613,389 Intercompany receivable 974 3,580 Other assets 13,847 14,396 Total Assets $ 719,496 $ 638,733 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Borrowings $ 14,000 $ 10,000 Accounts payable and other liabilities 9,785 14,864 Total Liabilities 23,785 24,864 Shareholders’ Equity Common Stock 45 45 Additional paid-in-capital 433,941 433,775 Retained earnings 247,638 175,773 Accumulated other comprehensive income (loss), net of tax 14,087 4,276 Total Shareholders’ Equity 695,711 613,869 Total Liabilities and Shareholders’ Equity $ 719,496 $ 638,733 INCOME STATEMENTS For the Year Ended December 31, (dollars in thousands) 2020 2019 2018 Interest expense—borrowings $ 169 $ 356 $ 1,761 Noninterest income: Earnings from investment in subsidiaries 86,909 59,660 48,153 Other income (97) 82 194 Total noninterest income 86,812 59,742 48,347 Noninterest expense: Compensation and benefits 1,343 1,517 1,395 Occupancy and depreciation 112 178 197 Professional services and marketing costs 848 1,842 2,790 Other expenses 1,011 1,045 1,237 Total noninterest expense 3,314 4,582 5,619 Income before taxes on income 83,329 54,804 40,967 Taxes on income (1,040) (1,435) (1,991) Net income $ 84,369 $ 56,239 $ 42,958 STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, (dollars in thousands) 2020 2019 2018 Net income $ 84,369 $ 56,239 $ 42,958 Other comprehensive income: Unrealized holding gains on securities arising during the period 13,866 7,674 5,567 Other comprehensive income before tax 13,866 7,674 5,567 Income expense benefit related to items of other comprehensive income (4,055) (2,021) (1,629) Other comprehensive income 9,811 5,653 3,938 Less: Reclassification adjustment for gains (loss) included in net earnings — (316) — Income tax (expense) benefit related to reclassification adjustment — 92 — Reclassification adjustment for gains included in net earnings, net of tax — (224) — Other comprehensive income (loss), net of tax 9,811 5,429 3,938 Total comprehensive income $ 94,180 $ 61,668 $ 46,896 STATEMENTS OF CASH FLOWS For the Year Ended December 31, (dollars in thousands) 2020 2019 2018 Cash Flows from Operating Activities: Net income $ 84,369 $ 56,239 $ 42,958 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Earnings from investment in subsidiaries (86,909) (59,660) (48,153) Stock–based compensation expense 98 90 65 Deferred tax liability (benefit) 414 75 (280) Increase in other assets 549 (322) 32 Increase (decrease) in accounts payable and other liabilities (5,079) (46) (547) Net cash used in operating activities (6,558) (3,624) (5,925) Cash Flows from Investing Activities: Investment in subsidiaries — (10,000) — Dividend from subsidiary 12,000 17,000 32,000 Dividends paid (12,504) (8,927) — Net cash provided by (used in) investing activities (504) (1,927) 32,000 Cash Flows from Financing Activities: Proceeds from borrowings 4,000 5,000 — Paydowns of borrowings — — (45,000) Proceeds from the sale of stock, net 908 334 13,698 Repurchase of stock (2,824) (23) (497) Intercompany accounts, net decrease (increase) 2,606 576 (212) Net cash (used in) provided by financing activities 4,690 5,887 (32,011) Increase (decrease) in cash and cash equivalents (2,372) 336 (5,936) Cash and cash equivalents at beginning of year 7,064 6,728 12,664 Cash and cash equivalents at end of year $ 4,692 $ 7,064 $ 6,728

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2020
Subsequent Events
Subsequent Events	NOTE 26: SUBSEQUENT EVENTS Cash Dividend On January 26, 2021, the Board of Directors of the Company declared a quarterly cash dividend of $0.09 per common share to be paid on February 15, 2021 to stockholders of record as of the close of business on February 5, 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2020
Summary of Significant Accounting Policies
Business	Business First Foundation Inc. (“FFI”) is a financial services holding company whose operations are conducted through its wholly owned subsidiaries: First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB” or the “Bank”) and the wholly owned subsidiaries of FFB, First Foundation Insurance Services (“FFIS”) and Blue Moon Management, LLC (collectively the “Company”). FFI also has two inactive wholly owned subsidiaries, First Foundation Consulting (“FFC”) and First Foundation Advisors, LLC (“FFA LLC”). In addition, FFA has set up a limited liability company, which is not included in these consolidated financial statements, as a private investment fund to provide an investment vehicle for its clients. FFI is incorporated in the state of Delaware. The corporate headquarters for all of the companies is located in Irvine, California. The Company has offices in California, Nevada, and Hawaii. FFA, established in 1985 and incorporated in the state of California, began operating in 1990 as a fee-based registered investment advisor. FFA provides (i) investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions and private foundations; (ii) financial, investment and economic advisory and related services to high net-worth individuals and their families, family-owned businesses, and other related organizations; and (iii) support services involving the processing and transmission of financial and economic data for charitable organizations. At the end of 2020, these services were provided to approximately 1,500 clients, primarily located in Southern California, with an aggregate of $4.9 billion of assets under management. The Bank commenced operations in 2007, is incorporated in the state of California and currently operates in California, Nevada, and in Hawaii. The Bank offers a wide range of deposit instruments including personal and business checking and savings accounts, including interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit (“CD”) accounts. As a lender, the Bank originates, and retains for its portfolio, loans secured by real estate and commercial loans. Approximately 91% of the Bank’s loans are to clients located in California. The Bank also offers a wide range of specialized services including trust services, on-line banking, remote deposit capture, merchant credit card services, ATM cards, Visa debit cards, business sweep accounts, and through FFIS, insurance brokerage services. The Bank has a state non-member bank charter and is subject to continued examination by the California Department of Financial Protection and Innovation and the Federal Deposit Insurance Corporation (“FDIC”). At December 31, 2020, the Company employed 502 employees.
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared in conformity with U. S. generally accepted accounting standards and prevailing practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses during the reporting periods and related disclosures. Actual results could differ significantly from those estimates. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All inter-company balances and transactions have been eliminated in consolidation.
Variable Interest Entities	Variable Interest Entities The Company may have variable interests in Variable Interest Entities (“VIEs”) arising from debt, equity or other monetary interests in an entity, which change with fluctuations in the fair value of the entity’s assets. VIEs are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. The primary beneficiary of a VIE (i.e., the party that has a controlling financial interest) is required to consolidate the assets and liabilities of the VIE. The primary beneficiary is the party that has both (1) the power to direct the activities of an entity that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company has sold loans, in 2020, 2019, 2018, 2016 and 2015, through securitizations sponsored by a government sponsored entity, Freddie Mac, who also provided credit enhancement of the loans through certain guarantee provisions. The Company retained the right to provide servicing for the loans except for special servicing for which an unrelated third party was engaged by the VIE. For the 2016 and 2015 securitizations, the Company acquired the “B” piece of the securitizations, which is structured to absorb any losses from the securitizations, and interest only strips from the securitization. For the 2020, 2019, and 2018 securitizations, the Company provides collateral to support its obligation to reimburse for credit losses incurred on loans in the securitization. Because the Company does not act as the special servicer for the VIE and because of the power of Freddie Mac over the VIE that holds the assets from the mortgage loan securitizations, the Company is not the primary beneficiary of the VIE and therefore the VIE is not consolidated.
Reclassifications	Reclassifications Certain amounts in the 2019 consolidated financial statements have been reclassified to conform to the 2020 presentation.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash, due from banks, certificates of deposits with maturities of less than ninety days, investment securities with original maturities of less than ninety days, money market mutual funds and federal funds sold. At times, the Bank maintains cash at major financial institutions in excess of FDIC insured limits. However, as the Bank places these deposits with major well-capitalized financial institutions and monitors the financial condition of these institutions, management believes the risk of loss to be minimal. The Bank maintains most of its excess cash at the Federal Reserve Bank, with well-capitalized correspondent banks or with other depository institutions at amounts less than the FDIC insured limits. At December 31, 2020, included in cash and cash equivalents were $623 million in funds held at the Federal Reserve Bank. Banking regulations require that banks maintain a percentage of their deposits as reserves in cash or on deposit with the Federal Reserve Bank. The Bank was in compliance with its reserve requirements as of December 31, 2020.
Certificates of Deposit	Certificates of Deposit From time to time, the Company may invest funds with other financial institutions through certificates of deposit. Certificates of deposit with maturities of less than ninety days are included as cash and cash equivalents. Certificates of deposit are carried at cost.
Investment Securities	Investment Securities Investment securities for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Investments not classified as trading securities nor as held-to-maturity securities are classified as available-for-sale securities and recorded at fair value. Unrealized gains or losses on available-for-sale securities are excluded from net income and reported as an amount net of taxes as a separate component of other comprehensive income included in shareholders’ equity. Premiums or discounts on held-to-maturity and available-for-sale securities are amortized or accreted into income using the interest method.
Loan Origination Fees and Costs	Loan Origination Fees and Costs Loan origination fees and direct costs associated with lending are deferred and amortized to interest income as an adjustment to yield over the respective lives of the loans using the interest method. The amortization of deferred fees and costs is discontinued on loans that are placed on nonaccrual status. When a loan is paid off, any unamortized deferred fees and costs are recognized in interest income.
Loans Held for Investment	Loans Held for Investment Loans held for investment are reported at the principal amount outstanding, net of cumulative chargeoffs, interest applied to principal (for loans accounted for using the cost recovery method), unamortized net deferred loan origination fees and costs and unamortized premiums or discounts on purchased loans. Interest on loans is accrued and recognized as interest income at the contractual rate of interest. When a loan is designated as held for investment, the intent is to hold these loans for the foreseeable future or until maturity or payoff. If subsequent changes occur, the Company may change its intent to hold these loans. Once a determination has been made to sell such loans, they are immediately transferred to loans held for sale and carried at the lower of cost or fair value.
Loans Held for Sale	Loans Held for Sale Loans designated for sale through securitization or in the secondary market are classified as loans held for sale. Loans held for sale are accounted for at the lower of amortized cost or fair value. The fair value of loans held for sale is generally based on observable market prices from other loans in the secondary market that have similar collateral, credit, and interest rate characteristics. If quoted market prices are not readily available, the Company may consider other observable market data such as dealer quotes for similar loans or forward sale commitments. In certain cases, the fair value may be based on a discounted cash flow model. Related gains and losses are recognized in net gain on mortgage loan origination and sale activities.
Nonaccrual Loans	Nonaccrual Loans Loans are placed on nonaccrual status when the full and timely collection of principal and interest is doubtful, generally when the loan becomes 90 days or more past due for principal or interest payment. All payments received on nonaccrual loans are accounted for using the cost recovery method. Under the cost recovery method, all cash collected is applied to first reduce the principal balance. A loan may be returned to accrual status if all delinquent principal and interest payments are brought current and the collectability of the remaining principal and interest payments in accordance with the loan agreement is reasonably assured. Loans that are well secured and in the collection process may be maintained on accrual status, even if they are 90 days or more past due.
Purchased Credit Deteriorated Loans	Purchased Credit Deteriorated Loans The Company may purchase individual loans and groups of loans which have shown evidence of credit deterioration and are considered credit impaired. Purchased credit deteriorated loans are recorded at the amount paid and there is no carryover of the seller’s allowance for credit losses. Purchased credit deteriorated (“PCD”) loans are accounted for individually or aggregated into pools of loans based on common risk characteristics such as, credit score, loan type, and date of origination. The Company estimates the amount and timing of expected cash flows for each loan or pool, and the expected cash flows in excess of amount paid are recorded as interest income over the remaining life of the loan or pool (accretable yield). The excess of the loan’s or pool’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan or pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded by an increase in the allowance for credit losses. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income.
Financial Instruments	Financial Instruments In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Real Estate Owned	Real Estate Owned Real estate owned (“REO”) represents the collateral acquired through foreclosure in full or partial satisfaction of the related loan. REO is recorded at the fair value less estimated selling costs at the date of foreclosure. Any write-down at the date of transfer is charged to the allowance for credit losses related to loans. The recognition of gains or losses on sales of REO is dependent upon various factors relating to the nature of the property being sold and the terms of sale. REO values are reviewed on an ongoing basis and any decline in value is recognized as foreclosed asset expense in the current period, as are the net operating results from these assets.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization, which is charged to expense on a straight-line basis over the estimated useful lives of 3 to 10 years. Premises under leasehold improvements are amortized on a straight-line basis over the term of the lease or the estimated useful life of the improvements, whichever is shorter. Expenditures for major renewals and betterments of premises and equipment are capitalized and those for maintenance and repairs are charged to expense as incurred. A valuation allowance is established for any impaired long-lived assets. The Company did not have impaired long-lived assets as of December 31, 2020 or 2019.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock As a member of the Federal Home Loan Bank (“FHLB”), the Bank is required to purchase FHLB stock in accordance with its advances, securities and deposit agreement. This stock, which is carried at cost, may be redeemed at par value. However, there are substantial restrictions regarding redemption and the Bank can only receive a full redemption in connection with the Bank surrendering its FHLB membership. At December 31, 2020 and 2019, the Bank held $17 million and $22 million of FHLB stock, respectively. The Company does not believe that this stock is currently impaired and no adjustments to its carrying value have been recorded.
Mortgage Servicing Rights	Mortgage Servicing Rights When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. As of December 31, 2020, the allowance for servicing rights was $1.4 million. As of December 31, 2019, no allowance was recorded. Servicing fee income, which is reported on the income statement as other income ,
Goodwill	Goodwill Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of net identifiable assets acquired. Subsequent to initial recognition, the Company will test goodwill for impairment on an annual basis by comparing the fair value of the reporting unit to its carrying amount. The goodwill recorded by the Company was recognized from acquisitions in 2015, 2017 and 2018, and was not considered impaired at December 31, 2020.
Other Intangible Assets	Other Intangible Assets Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Other intangible assets consist of core deposit intangible assets arising from whole bank acquisitions and are amortized on an accelerated method over their estimated useful lives, which range from 7 to 10 years. At December 31, 2020 and 2019, core deposit intangible assets totaled $6.8 million and $8.7 million, respectively, and we recognized $1.9 million, $2.3 million and $2.0 million in core deposit intangible amortization expense in 2020, 2019 and 2018, respectively.
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” Contracts with Customers Contracts with customers are open-ended, and we provide services on an ongoing basis for an unspecified contract term. For these ongoing services, the fees are variable, since they are dependent on factors such as the value of underlying assets under management or volume of transactions. Contract liabilities, or deferred revenue, are recorded when payments from customers are received in advance of providing services to customers. We generally receive payments for our services during the period or at the time services are provided, therefore, we do not have deferred revenue balances at period-end. Employees receive incentive compensation in the form of commissions, which are considered incremental and recoverable costs to obtain the contract. We utilize the practical expedient not to capitalize such costs as the amortization period of the asset is less than 12 months, and therefore we expense the commissions as incurred. Descriptions of our primary revenue-generating activities that are presented in our income statements are as follows: Interest on Loans Interest income is accrued daily on the Company’s outstanding loan balances. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued when reasonable doubt exists as to the full, timely collection of interest or principal and, generally, when a loan becomes contractually past due for ninety days or more with respect to principal or interest. The accrual of interest may be continued on a well-secured loan contractually past due ninety days or more with respect to principal or interest if the loan is in the process of collection or collection of the principal and interest is deemed probable. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period income. Interest on such loans is then recognized only to the extent that cash is received and where the future collection of principal is probable. Accrual of interest is resumed on loans only when, in the judgment of management, the loan is estimated to be fully collectible. The Bank continues to accrue interest on restructured loans since full payment of principal and interest is expected and such loans are performing or are less than ninety days delinquent and, therefore, do not meet the criteria for nonaccrual status. Restructured loans that have been placed on nonaccrual status are returned to accrual status when the remaining loan balance, net of any charge-offs related to the restructure, is estimated to be fully collectible by management and performing in accordance with the applicable loan terms. Wealth management and trust fee income Asset management fees are billed on a monthly or quarterly basis based on the amount of assets under management and the applicable contractual fee percentage. Asset management fees are recognized as revenue in the period in which they are billed and earned. Financial planning fees are due and billed at the completion of the planning project and are recognized as revenue at that time. Service charges on deposit accounts Service charges on deposit accounts represent general service fees for monthly account maintenance and activity or transaction-based fees. Revenue is recognized when our performance obligation is completed which are generally monthly for account maintenance services or when a transaction has been completed. Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Gains and Losses on Sales of REO To record a sale of REO, the Bank evaluates if: (a) a commitment on the buyer’s part exists, (b) collection is probable in circumstances where the initial investment is minimal and (c) the buyer has obtained control of the asset, including the significant risks and rewards of the ownership. If there is no commitment on the buyer’s part, collection is not probable or the buyer has not obtained control of the asset, then a gain cannot be recognized. Other non-interest income includes revenue related to mortgage servicing activities and gains on sales of loans, which are not subject to the requirements of ASU 2014-09.
Stock-Based Compensation	Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of stock options, or other equity instruments, based on the grant-date fair value of those awards. This cost is recognized over the period in which an employee is required to provide services in exchange for the award, generally the vesting period. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for stock awards, including restricted stock units.
Marketing Costs	Marketing Costs The Company expenses marketing costs, including advertising, in the period incurred.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established if it is “more likely than not” that all or a portion of the deferred tax assets will not be realized. The tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and other comprehensive income. Changes in unrealized gains and losses on available-for-sale securities and the related tax costs or benefits are the only components of other comprehensive income for the Company.
Stock Split	Stock Split On January 18, 2017, the Company completed a two-for-one stock split in the form of a stock dividend. Each stockholder of record at the close of business of January 4, 2017 received one additional share of common stock for every share held. All share and per share amounts included in the financial statements have been adjusted to reflect the effect of this stock split.
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units, which are determined using the treasury stock method.
Fair Value Measurement	Fair Value Measurement Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates.
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivative instruments and hedging activities are accounted for in accordance with FASB ASC Topic 815, “Derivatives and Hedging.” The fair value of derivative instruments are recognized as either assets or liabilities on the consolidated balance sheet. All derivatives are evaluated at inception as to whether or not they are hedging or non-hedging activities. For derivative instruments designated as non-hedging activities, the change in fair value is recognized currently in earnings. For derivative instruments designated as hedging activities, a qualitative analysis is performed at inception to determine if the derivative instrument is highly effective in achieving offsetting changes in fair value or cash flows attributable to the hedged risk during the period that the hedge is designated. Subsequently, a qualitative assessment of a hedge’s effectiveness is performed on a quarterly basis. For a fair value hedge, the change in fair value on the hedging instrument is recognized currently in earnings and the change in fair value on the hedged item attributable to the hedged risk adjusts the carrying amount of the hedged item and is recognized currently in earnings. All amounts recognized in earnings are presented in the same income statement line item as the earnings effect of the hedged item.
Recently Adopted Accounting Guidance and Recent Accounting Pronouncements	Recently Adopted Accounting Guidance Measurement of Credit Losses on Financial Instruments: In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted the amendments within ASU 2016-13 on January 1, 2020 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for the periods beginning after that date are presented under Topic 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. There was not any cumulative effect adjustment upon adoption. The instruments that were accounted for as purchased credit impaired (“PCI”) are transitioned under the new purchased credit deteriorated (“PCD”) model using the prospective transition approach. The Company applied the prospective transition approach for debt securities for which other than temporary impairment had been recognized prior to January 1, 2020. As a result, the amortized cost basis remains the same before and after the effective date. Allowance for credit losses on investment securities: On January 1, 2020, the Company adopted the amendments within ASU 2016-13, which replaces the legacy US GAAP Other Than Temporary Impairment (“OTTI”) model with a credit loss model. The credit loss model under Accounting Standards Codification (“ASC”) 326-30, applicable to debt securities available for sale (“Securities AFS”), requires recognition of credit losses through an allowance account, but retains the concept from the OTTI model that credit losses are recognized once securities become impaired. For Securities AFS, a decline in fair value due to credit loss results in recognition of an allowance for credit losses. Impairment may result from credit deterioration of the issuer or collateral underlying the security. The assessment of determining if a decline in fair value resulted from a credit loss is performed at the individual security level. Among other factors, the Company considers: 1) the extent to which the fair value is less than the amortized cost basis; 2) the financial condition and near term prospects of the issuer, including consideration of relevant financial metrics or ratios of the issuer; 3) any adverse conditions related to an industry or geographic area of an issuer; 4) any changes to the rating of the security by a rating agency; and 5) any past due principal or interest payments from the issuer. If an assessment of the above factors indicates that a credit loss exists, the Company records an allowance for credit losses for the excess of the amortized cost basis over the present value of cash flows expected to be collected, limited to the amount that the security’s fair value is less than its amortized cost basis. Subsequent changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit loss expense. Interest accruals and amortization and accretion of premiums and discounts are suspended when the credit loss is recognized in earnings. Any interest received after the security has been placed on nonaccrual status is recognized on a cash basis. Accrued interest receivable on Securities AFS is excluded from the estimate of expected credit losses. The provision for credit losses on the consolidated income statement includes the provisions for credit losses for loans and securities AFS. For 2020, the provision for credit losses was $6.7 million. Income taxes: In November 2019, the FASB issued ASU 2019-12, “ Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes” Topic 740 New Accounting Pronouncements In October 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-10, “ Codification Improvements” In March 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting” In November 2019, the FASB issued ASU 2019-12, “ Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes” Topic 740 In July 2019, the FASB issued ASU 2019-07, “ Codification Updates to SEC Sections” Disclosure Update and Simplification Investment Company Reporting Modernization in SEC Releases 33-10532, 33-10231, and 33-10442, as amended by this ASU. The adoption of ASU 2019-07 is not expected to have a significant impact on the Company’s consolidated financial statements.

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
Acquisitions (Tables)	Dec. 31, 2020
Acquisitions
Schedule of Assets Acquired and Liabilities Assumed	The following table represents the assets acquired and liabilities assumed of PBB as of June 1, 2018 and the fair value adjustments and amounts recorded by the Bank in 2018 under the acquisition method of accounting: PBB Book Fair Value (dollars in thousands) Value Adjustments Fair Value Assets Acquired: Cash and cash equivalents $ 47,582 $ — $ 47,582 Securities AFS 10,072 (90) 9,982 Loans, net of deferred fees 537,885 (14,986) 522,899 Allowance for credit losses (3,011) 3,011 — Premises and equipment, net 3,811 (1,536) 2,275 Investment in FHLB stock 3,229 — 3,229 Deferred taxes 1,451 2,398 3,849 REO 934 (109) 825 Goodwill and core deposit intangible 634 66,615 67,249 Other assets 6,634 (566) 6,068 Total assets acquired $ 609,221 $ 54,737 $ 663,958 Liabilities Assumed: Deposits $ 477,366 $ 219 $ 477,585 Borrowings 79,911 (341) 79,570 Accounts payable and other liabilities 5,204 100 5,304 Total liabilities assumed 562,481 (22) 562,459 Excess of assets acquired over liabilities assumed 46,740 54,759 101,499 Total $ 609,221 $ 54,737 $ 663,958 Consideration: Stock issued $ 101,499
Pro Forma Summarized Income Statement Data	The following table presents unaudited pro forma information as if the acquisition of PBB had occurred on January 1, 2018 and January 1, 2017 for 2018 and 2017, respectively, after giving effect to certain adjustments. The unaudited pro forma information for these periods includes adjustments for interest income on loans acquired, amortization of intangibles arising from the transaction, adjustments for interest expense on deposits acquired, and the related income tax effects of all these items and the income tax costs or benefits derived from the income or loss before taxes of PBB. The net effect of these pro forma adjustments was an increase of $9.6 million in net income for 2018. The unaudited pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected on the assumed dates. (dollars in thousands) 2018 Net interest income $ 167,099 Provision for loan losses 4,220 Noninterest income 36,538 Noninterest expenses 130,702 Income before taxes 68,715 Taxes on income 19,412 Net income $ 49,303 Net income per share: Basic $ 1.11 Diluted $ 1.10

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
Fair Value (Tables)	Dec. 31, 2020
Fair Value
Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables show the recorded amounts of assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurement Level (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2020: Investment securities available for sale: Agency mortgage-backed securities $ 723,995 $ — $ 723,995 $ — Beneficial interest – FHLMC securitizations 23,463 — — 23,463 Corporate bonds 58,358 — 58,358 — Other 1,610 503 1,107 — Investment in equity securities 338 338 — — Total assets at fair value on a recurring basis $ 807,764 $ 841 $ 783,460 $ 23,463 December 31, 2019: Investment securities available for sale: Agency mortgage-backed securities $ 914,977 $ — $ 914,977 $ — Beneficial interest – FHLMC securitizations 42,706 — — 42,706 Corporate bonds 55,834 — 55,834 — Other 1,449 403 1,046 — Investment in equity securities 434 434 — — Total assets at fair value on a recurring basis $ 1,015,400 $ 837 $ 971,857 $ 42,706
Carrying Amounts and Estimated Fair Value of Financial Instruments	The following table sets forth the estimated fair values and related carrying amounts of our financial instruments as of: Carrying Fair Value Measurement Level (dollars in thousands) Value 1 2 3 Total December 31, 2020: Assets: Cash and cash equivalents $ 629,707 $ 629,707 $ — $ — $ 629,707 Securities AFS, net 807,426 503 783,460 23,463 807,426 Loans held for sale 505,404 — 510,638 — 510,638 Loans, net 4,779,599 — — 4,829,258 4,829,258 Investment in FHLB stock 17,250 — 17,250 — 17,250 Investment in equity securities 338 338 — — 338 Liabilities: Deposits $ 5,913,433 $ 4,934,537 $ 978,897 $ — $ 5,913,434 Borrowings 269,000 — 255,000 14,000 269,000 December 31, 2019: Assets: Cash and cash equivalents $ 65,387 $ 65,387 $ — $ — $ 65,387 Securities AFS 1,014,966 403 971,857 42,706 1,014,966 Loans held for sale 503,036 — 506,750 — 506,750 Loans, net 4,526,833 — — 4,573,516 4,573,516 Investment in FHLB stock 21,519 — 21,519 — 21,519 Investment in equity securities 434 434 — — 434 Liabilities: Deposits $ 4,891,144 $ 2,913,493 $ 1,977,652 $ — $ 4,891,145 Borrowings 743,000 — 733,000 10,000 743,000

Securities (Tables)

Securities (Tables)	12 Months Ended
Securities (Tables)	Dec. 31, 2020
Securities
Summary of AFS Securities Portfolio	The following table provides a summary of the Company’s AFS securities portfolio at December 31: Amortized Gross Unrealized Allowance for Estimated (dollars in thousands) Cost Gains Losses Credit Losses Fair Value December 31, 2020: Agency mortgage-backed securities $ 705,752 $ 18,243 $ — $ — $ 723,995 Beneficial interests in FHLMC securitization 30,497 211 — (7,245) 23,463 Corporate bonds 57,000 1,358 — — 58,358 Other 1,512 98 — — 1,610 Total $ 794,761 $ 19,910 $ — $ (7,245) $ 807,426 December 31, 2019: Agency mortgage-backed securities $ 905,949 $ 9,174 $ (146) $ — $ 914,977 Beneficial interests in FHLMC securitization 47,586 1,801 (6,681) — 42,706 Corporate bonds 54,000 1,834 — — 55,834 Other 1,386 63 — — 1,449 Total $ 1,008,921 $ 12,872 $ (6,827) $ — $ 1,014,966
Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time	The tables below indicate, as of December 31, 2019, the gross unrealized losses and fair values of our investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. Securities with Unrealized Loss at December 31, 2019 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) Value Loss Value Loss Value Loss Agency mortgage-backed securities $ 5,488 $ (2) $ 13,880 $ (144) $ 19,368 $ (146) Beneficial interests in FHLMC securitization 20,609 (2,856) 3,220 (3,825) 23,829 (6,681) Total temporarily impaired securities $ 26,097 $ (2,858) $ 17,100 $ (3,969) $ 43,197 $ (6,827)
Summary of Allowance For Credit Losses - Securities AFS	The following is a rollforward of the Bank’s allowance for credit losses related to investments for the year ended December 31: (dollars in thousands) Total Year Ended December 31, 2020: Balance: December 31, 2019 $ — Provision for credit losses 7,245 Balance: December 31, 2020 $ 7,245
Scheduled Maturities of Securities AFS Other than Mortgage Backed Securities and the Related Weighted Average Yield	The scheduled maturities of securities AFS, other than agency mortgage backed securities, and the related weighted average yield is as follows as of December 31: Less than 1 Through 5 Through After (dollars in thousands) 1 Year 5 years 10 Years 10 Years Total December 31, 2020 Amortized Cost: Corporate bonds $ — $ — $ 57,000 $ — $ 57,000 Other 500 1,012 — — 1,512 Total $ 500 $ 1,012 $ 57,000 $ — $ 58,512 Weighted average yield 1.83 % 2.81 % 5.39 % — % 5.32 % Estimated Fair Value: Corporate bonds $ — $ — $ 58,358 $ — $ 58,358 Other 503 1,107 — — 1,610 Total $ 503 $ 1,107 $ 58,358 $ — $ 59,968 Less than 1 Through 5 Through After (dollars in thousands) 1 Year 5 years 10 Years 10 Years Total December 31, 2019 Amortized Cost: Corporate bonds $ — $ — $ 54,000 $ — $ 54,000 Other — 400 986 — 1,386 Total $ — $ 400 $ 54,986 $ — $ 55,386 Weighted average yield — % 2.25 % 5.29 % — % 5.27 % Estimated Fair Value: Corporate bonds $ — $ — $ 55,834 $ — $ 55,834 Other — 403 1,046 — 1,449 Total $ — $ 403 $ 56,880 $ — $ 57,283

Loans (Tables)

Loans (Tables)	12 Months Ended
Loans (Tables)	Dec. 31, 2020
Receivables [Abstract]
Summary of Loans	The following is a summary of our loans as of December 31: December 31, December 31, (dollars in thousands) 2020 2019 Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 2,247,542 $ 2,143,919 Single family 806,014 871,181 Total real estate loans secured by residential properties 3,053,556 3,015,100 Commercial properties 747,807 834,042 Land 55,832 70,257 Total real estate loans 3,857,195 3,919,399 Commercial and industrial loans 918,676 600,213 Consumer loans 18,888 16,273 Total loans 4,794,759 4,535,885 Premiums, discounts and deferred fees and expenses 9,040 11,748 Total $ 4,803,799 $ 4,547,633
Carrying Amount Of Purchased Credit Impaired Loans	In 2017 and 2018 the Company purchased loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. As of December 31, 2019, the principal balance shown above is net of unaccreted discount related to loans acquired in acquisitions of $8.4 million. The carrying amount of these PCD loans is as follows as of: December 31, December 31, (dollars in thousands) 2020 2019 Outstanding principal balance: Loans secured by real estate: Residential properties $ 284 $ 366 Commercial properties 5,495 6,146 Land — 1,058 Total real estate loans 5,779 7,570 Commercial and industrial loans 294 603 Total loans 6,073 8,173 Unaccreted discount on purchased credit deteriorated loans — (3,657) Total $ 6,073 $ 4,516
Summary of Delinquent and Nonaccrual Loans	The following table summarizes our delinquent and nonaccrual loans as of December 31: Past Due and Still Accruing Total Past 90 Days Due and (dollars in thousands) 30–59 Days 60-89 Days or More Nonaccrual Nonaccrual Current Total December 31, 2020: Real estate loans: Residential properties $ 35 $ — $ — $ 10,947 $ 10,982 $ 3,042,574 $ 3,053,556 Commercial properties 951 240 — 4,544 5,735 742,072 747,807 Land — — — — — 55,832 55,832 Commercial and industrial loans 1,013 411 152 5,137 6,713 911,963 918,676 Consumer loans — — — — — 18,888 18,888 Total $ 1,999 $ 651 $ 152 $ 20,628 $ 23,430 $ 4,771,329 $ 4,794,759 Percentage of total loans 0.04 % 0.01 % 0.00 % 0.43 % 0.49 % December 31, 2019: Real estate loans: Residential properties $ 89 $ 13 $ — $ 1,743 $ 1,845 $ 3,013,255 $ 3,015,100 Commercial properties 7,586 — 403 2,410 10,399 823,643 834,042 Land — — — — — 70,257 70,257 Commercial and industrial loans 695 2,007 — 8,714 11,416 588,797 600,213 Consumer loans 22 3 — — 25 16,248 16,273 Total $ 8,392 $ 2,023 $ 403 $ 12,867 $ 23,685 $ 4,512,200 $ 4,535,885 Percentage of total loans 0.19 % 0.04 % 0.01 % 0.28 % 0.52 %
Composition of TDRs by Accrual and Nonaccrual Status	The following table presents the composition of TDRs by accrual and nonaccrual status as of: December 31, 2020 December 31, 2019 (dollars in thousands) Accrual Nonaccrual Total Accrual Nonaccrual Total Residential loans $ 1,200 $ — $ 1,200 $ 1,200 $ — $ 1,200 Commercial real estate loans 1,107 1,277 2,384 1,188 2,166 3,354 Commercial and industrial loans 1,041 2,832 3,873 557 2,972 3,529 Total $ 3,348 $ 4,109 $ 7,457 $ 2,945 $ 5,138 $ 8,083 The following tables provide information on loans that were modified as TDRs during the years ended December 31, 2020 and 2019: Outstanding Recorded Investment (dollars in thousands) Number of loans Pre-Modification Post-Modification Financial Impact Year Ended December 31, 2020: Commercial and industrial loans 1 $ 507 $ 507 $ — Total 1 $ 507 $ 507 $ — Outstanding Recorded Investment (dollars in thousands) Number of loans Pre-Modification Post-Modification Financial Impact Year Ended December 31, 2019 Residential loans 1 $ 1,200 $ 1,200 $ — Commercial real estate loans 1 2,872 2,872 — Commercial and industrial loans 7 1,754 1,754 — Total 9 $ 5,826 $ 5,826 $ —

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	12 Months Ended
Allowance for Credit Losses (Tables)	Dec. 31, 2020
Receivables [Abstract]
Bank's Allowance for Credit Losses	The following is a rollforward of the Bank’s allowance for credit losses for the years ended December 31: Beginning Adoption of Provision for Ending (dollars in thousands) Balance ASC 326 Credit Losses Charge-offs Recoveries Balance 2020: Real estate loans: Residential properties $ 8,423 $ 363 $ (3,671) $ — $ — $ 5,115 Commercial properties 4,166 3,760 785 — — 8,711 Land and construction 573 92 227 — — 892 Commercial and industrial loans 7,448 — 2,642 (1,844) 1,003 9,249 Consumer loans 190 — 43 — — 233 Total $ 20,800 $ 4,215 $ 26 $ (1,844) $ 1,003 $ 24,200 2019: Real estate loans: Residential properties $ 9,216 $ — $ (793) $ — $ — $ 8,423 Commercial properties 4,547 — (381) — — 4,166 Land and construction 391 — 182 — — 573 Commercial and industrial loans 4,628 — 3,653 (2,687) 1,854 7,448 Consumer loans 218 — (24) (5) 1 190 Total $ 19,000 $ — $ 2,637 $ (2,692) $ 1,855 $ 20,800 2018: Real estate loans: Residential properties $ 9,715 $ — $ (499) $ — $ — $ 9,216 Commercial properties 4,399 — 359 (211) — 4,547 Land and construction 395 — (4) — — 391 Commercial and industrial loans 3,624 — 4,413 (3,978) 569 4,628 Consumer loans 267 — (49) — — 218 Total $ 18,400 $ — $ 4,220 $ (4,189) $ 569 $ 19,000 We have determined that the roll forward disclosure of the allowance for credit losses in Note 5 of our 10-Q filings for each of the first, second, and third quarters of 2020 was misstated. The reported and restated amounts are detailed below; Beginning Adoption of Provision for Ending (dollars in thousands) UNAUDITED Balance ASC 326 Credit Losses Charge-offs Recoveries Balance Quarter Ended September 30, 2020: Reported $ 28,129 $ — $ (3,830) $ (338) $ 222 $ 24,183 Adjusted $ 28,129 $ — $ (3,830) $ (338) $ 222 $ 24,183 Nine Months Ended September 30, 2020: Reported $ 20,800 $ (4,215) $ 8,205 $ (1,393) $ 786 $ 24,183 Adjusted $ 20,800 $ 4,215 $ (225) $ (1,393) $ 786 $ 24,183 Quarter Ended June 30, 2020: Reported $ 18,785 $ — $ 9,756 $ (525) $ 113 $ 28,129 Adjusted $ 23,000 $ — $ 5,541 $ (525) $ 113 $ 28,129 Six Months Ended June 30, 2020: Reported $ 20,800 $ (4,215) $ 12,035 $ (1,055) $ 564 $ 28,129 Adjusted $ 20,800 $ 4,215 $ 3,605 $ (1,055) $ 564 $ 28,129 Quarter Ended March 31, 2020: Reported $ 20,800 $ — $ 2,279 $ (530) $ 451 $ 23,000 Adjusted $ 20,800 $ 4,215 $ (1,936) $ (530) $ 451 $ 23,000
Balance in Allowance for Credit Losses and Recorded Investment in Loans by Impairment	The following table presents the balance in the allowance for credit losses and the recorded investment in loans by impairment method as of December 31: Allowance for Credit Losses Unaccreted Purchased Credit Evaluated for Impairment Credit Component (dollars in thousands) Individually Collectively Deteriorated Total Other Loans December 31, 2020: Allowance for credit losses: Real estate loans: Residential properties $ 1,059 $ 4,056 $ — $ 5,115 $ Commercial properties 374 8,337 — 8,711 Land — 892 — 892 Commercial and industrial loans 956 8,293 — 9,249 Consumer loans — 233 — 233 Total $ 2,389 $ 21,811 $ — $ 24,200 $ — Loans: Real estate loans: Residential properties $ 12,414 $ 3,040,858 $ 284 $ 3,053,556 $ Commercial properties 17,304 725,008 5,495 747,807 Land — 55,832 — 55,832 Commercial and industrial loans 6,472 911,910 294 918,676 Consumer loans — 18,888 — 18,888 Total $ 36,190 $ 4,752,496 $ 6,073 $ 4,794,759 $ — December 31, 2019: Allowance for credit losses: Real estate loans: Residential properties $ — $ 8,423 $ — $ 8,423 $ 1,013 Commercial properties 107 4,059 — 4,166 1,048 Land — 573 — 573 6 Commercial and industrial loans 763 6,685 — 7,448 277 Consumer loans — 190 — 190 1 Total $ 870 $ 19,930 $ — $ 20,800 $ 2,345 Loans: Real estate loans: Residential properties $ 2,897 $ 3,012,203 $ — $ 3,015,100 $ 189,339 Commercial properties 6,689 824,026 3,327 834,042 201,370 Land — 69,476 781 70,257 28,660 Commercial and industrial loans 9,316 590,489 408 600,213 24,143 Consumer loans — 16,273 — 16,273 253 Total $ 18,902 $ 4,512,467 $ 4,516 $ 4,535,885 $ 443,765
Risk Category of Loans by Class of Loans	Based on the most recent analysis performed, the risk category of loans by class of loans is as follows as of December 31: Loans Individually (dollars in thousands) Pass Special Mention Substandard Loans Evaluated Total December 31, 2020: Real estate loans: Residential properties $ 3,040,139 $ 986 $ 17 $ 12,414 $ 3,053,556 Commercial properties 710,294 19,511 698 17,304 747,807 Land 55,832 — — — 55,832 Commercial and industrial loans 895,164 15,279 1,761 6,472 918,676 Consumer loans 18,888 — — — 18,888 Total $ 4,720,317 $ 35,776 $ 2,476 $ 36,190 $ 4,794,759 December 31, 2019: Real estate loans: Residential properties $ 3,012,203 $ — $ — $ 2,897 $ 3,015,100 Commercial properties 821,425 679 5,249 6,689 834,042 Land 69,476 — 781 — 70,257 Commercial and industrial loans 579,153 8,202 3,542 9,316 600,213 Consumer loans 16,273 — — — 16,273 Total $ 4,498,530 $ 8,881 $ 9,572 $ 18,902 $ 4,535,885
Risk Category of Loans Based on Year of Origination	The risk categories of loans based on year of origination, with classified loans defined as special mention loans, substandard loans and loans individually evaluated as of December 31, 2020, are as follows: Revolving (dollars in thousands) 2020 2019 2018 2017 2016 Prior Loans Total Loans secured by Real Estate: Residential Multifamily Pass $ 774,701 $ 638,237 $ 469,866 $ 218,470 $ 82,941 $ 63,327 $ — $ 2,247,542 Classified — — — — — — — — Total $ 774,701 $ 638,237 $ 469,866 $ 218,470 $ 82,941 $ 63,327 $ — $ 2,247,542 Single Family Pass $ 173,564 $ 83,311 $ 110,560 $ 95,888 $ 107,568 $ 196,692 $ 25,014 $ 792,597 Classified — — — 2,932 — 7,134 3,351 13,417 Total $ 173,564 $ 83,311 $ 110,560 $ 98,820 $ 107,568 $ 203,826 $ 28,365 $ 806,014 Commercial Real Estate Pass $ 46,260 $ 100,432 $ 120,230 $ 129,120 $ 119,719 $ 194,533 $ — $ 710,294 Classified — 6,672 16,277 2,336 4,848 7,380 — 37,513 Total $ 46,260 $ 107,104 $ 136,507 $ 131,456 $ 124,567 $ 201,913 $ — $ 747,807 Land Pass $ 257 $ 15,923 $ 27,792 $ 10,532 $ 706 $ 622 $ — $ 55,832 Classified — — — — — — — — Total $ 257 $ 15,923 $ 27,792 $ 10,532 $ 706 $ 622 $ — $ 55,832 Commercial Pass $ 377,500 $ 146,279 $ 54,910 $ 15,868 $ 13,180 $ 16,823 $ 270,604 $ 895,164 Classified 3,283 4,238 3,056 838 2,756 730 8,611 23,512 Total $ 380,783 $ 150,517 $ 57,966 $ 16,706 $ 15,936 $ 17,553 $ 279,215 $ 918,676 Consumer Pass $ 2,557 $ — $ 1,321 $ 3 $ 6,784 $ 100 $ 8,123 $ 18,888 Classified — — — — — — — — Total $ 2,557 $ — $ 1,321 $ 3 $ 6,784 $ 100 $ 8,123 $ 18,888 Total loans Pass $ 1,374,839 $ 984,182 $ 784,679 $ 469,881 $ 330,898 $ 472,097 $ 303,741 $ 4,720,317 Classified 3,283 10,910 19,333 6,106 7,604 15,244 11,962 74,442 Total $ 1,378,122 $ 995,092 $ 804,012 $ 475,987 $ 338,502 $ 487,341 $ 315,703 $ 4,794,759
Individual Evaluation of Loans and Related Allowance	Impaired loans evaluated individually and any related allowance is as follows as of December 31: With No Allowance Recorded With an Allowance Recorded Unpaid Unpaid Principal Recorded Principal Recorded Related (dollars in thousands) Balance Investment Balance Investment Allowance December 31, 2020: Real estate loans: Residential properties $ 9,410 $ 9,327 $ 3,092 $ 3,087 $ 1,059 Commercial properties 12,996 12,687 4,617 4,617 374 Land — — — — — Commercial and industrial loans 2,985 2,557 4,039 3,915 956 Total $ 25,391 $ 24,571 $ 11,748 $ 11,619 $ 2,389 December 31, 2019: Real estate loans: Residential properties $ 2,970 $ 2,897 $ — $ — $ — Commercial properties 5,683 5,456 1,188 1,188 107 Land — — — — — Commercial and industrial loans 6,485 5,708 3,764 3,653 763 Total $ 15,138 $ 14,061 $ 4,952 $ 4,841 $ 870
Weighted Average Annualized Balance of Recorded Investment and Interest Income on Loans	The weighted average annualized average balance of the recorded investment for impaired loans, beginning from when the loan became impaired, and any interest income recorded on impaired loans after they became impaired is as follows for the years ending December 31: Year Ended Year Ended December 31, 2020 December 31, 2019 Average Average Recorded Interest Recorded Interest (dollars in thousands) Investment Income Investment Income Real estate loans: Residential properties $ 31,923 $ 56 $ 1,765 $ 13 Commercial properties 35,517 311 8,889 341 Land 335 — 523 — Commercial and industrial loans 26,525 920 10,608 11 Consumer loans 47 1 — — Total $ 94,347 $ 1,288 $ 21,785 $ 365
Amortized Cost Basis of Collateral Dependent Loans Individually Evaluated to Determine Credit Losses and Related ACL Allocated to Loans	The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses and the related ACL allocated to these loans: Equipment/ ACL (dollars in thousands) Real Estate Cash Receivables Total Allocation December 31, 2020: Loans secured by Real Estate: Residential properties Single family $ 10,144 $ — $ — $ 10,144 $ 1,051 Commercial real estate loans — — — — — Land — — — — — Commercial loans — 250 122 372 44 Consumer loans — — — — — Total $ 10,144 $ 250 $ 122 $ 10,516 $ 1,095

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
Premises and Equipment (Tables)	Dec. 31, 2020
Premises and Equipment
Summary of Premises and Equipment	A summary of premises and equipment is as follows at December 31: (dollars in thousands) 2020 2019 Leasehold improvements and artwork $ 7,762 $ 7,415 Information technology equipment 11,155 8,772 Furniture and fixtures 3,503 3,370 Land and auto 805 805 Total 23,225 20,362 Accumulated depreciation and amortization (15,213) (12,007) Net $ 8,012 $ 8,355

Real Estate Owned (Tables)

Real Estate Owned (Tables)	12 Months Ended
Real Estate Owned (Tables)	Dec. 31, 2020
Real Estate Owned
Schedule of Activity in Portfolio of REO	The activity in our portfolio of REO is as follows during the periods ending December 31: (dollars in thousands) 2020 2019 Beginning balance $ — $ 815 Loans transferred to REO — — REO acquired in merger — — Dispositions of REO — (815) Ending balance $ — $ —

Deposits (Tables)

Deposits (Tables)	12 Months Ended
Deposits (Tables)	Dec. 31, 2020
Deposits [Abstract]
Summary of Outstanding Balance of Deposits and Average Rates	The following table summarizes the outstanding balance of deposits and average rates paid thereon at December 31: 2020 2019 Weighted Weighted (dollars in thousands) Amount Average Rate Amount Average Rate Demand deposits: Noninterest-bearing $ 1,655,847 — $ 1,192,481 — Interest-bearing 871,289 0.372 % 386,276 0.635 % Money market and savings 2,407,401 0.549 % 1,334,736 1.355 % Certificates of deposits 978,896 0.591 % 1,977,651 1.971 % Total $ 5,913,433 0.376 % $ 4,891,144 1.217 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Dec. 31, 2020
Earnings Per Share
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the Company’s earnings per share calculations for the years ended December 31: 2020 2019 2018 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Basic Diluted Net income $ 84,369 $ 84,369 $ 56,239 $ 56,239 $ 42,958 $ 42,958 Basic common shares outstanding 44,639,430 44,639,430 44,617,361 44,617,361 42,092,361 42,092,361 Effect of options, restricted stock and contingent shares issuable 261,375 293,904 474,747 Diluted common shares outstanding 44,900,805 44,911,265 42,567,108 Earnings per share $ 1.89 $ 1.88 $ 1.26 $ 1.25 $ 1.02 $ 1.01

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
Stock Based Compensation (Tables)	Dec. 31, 2020
Stock Based Compensation
Summary of Stock Option Activity	The following table summarizes the activities in the Plans during 2020: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2019 548,550 $ 7.79 Options granted — — Options exercised (117,500) 7.79 Options forfeited (57,000) 7.66 Balance: December 31, 2020 374,050 7.81 1.08 Years $ 3,586 Options exercisable 374,050 $ 7.81 1.08 Years $ 3,586 The intrinsic value of stock options exercised in 2020 was $0.8 million. The following table summarizes the activities in the Plans during 2019: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2018 592,550 $ 7.78 Options granted — — Options exercised (44,000) 7.60 Options forfeited — — Balance: December 31, 2019 548,550 7.79 2.02 Years $ 5,270 Options exercisable 548,550 $ 7.79 2.02 Years $ 5,270 The intrinsic value of stock options exercised in 2019 was $0.3 million. The following table summarizes the activities in the Plans during 2018: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2017 900,884 $ 7.73 Options granted — — Options exercised (308,334) 7.64 Options forfeited — — Balance: December 31, 2018 592,550 7.78 2.88 Years $ 3,012 Options exercisable 592,550 $ 7.78 2.88 Years $ 3,012 The intrinsic value of stock options exercised in 2018 was $3.2 million.
Summary of RSUs Issued under Equity Incentive Plan	The following table provides a summary of the RSUs issued by the Company under its equity incentive plans for the periods ended December 31: 2020 2019 2018 Weighted Weighted Weighted Average Grant Average Grant Average Grant Shares Date Fair Value Shares Date Fair Value Shares Date Fair Value Balance: January 1 139,278 $ 15.69 114,320 $ 17.51 149,766 $ 14.73 New RSUs 159,186 15.26 157,494 15.18 119,438 18.03 Shares vested and issued (103,741) 15.74 (132,536) 16.65 (154,884) 15.23 RSUs forfeited — — — — — — Balance December 31 194,723 $ 15.32 139,278 $ 15.69 114,320 $ 17.51

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2020
Income Taxes
Schedule of Income Tax Expense (Benefit)	The Company is subject to federal income tax and California franchise tax. Income tax expense (benefit) was as follows for the years ended December 31: (dollars in thousands) 2020 2019 2018 Current expense: Federal $ 23,316 $ 15,411 $ 10,168 State 12,661 7,922 5,768 Deferred expense (benefit): Federal (1,315) (235) 919 State (264) 162 273 Total $ 34,398 $ 23,260 $ 17,128
Schedule of Comparison of the Federal Statutory Income Tax Rates	The following is a comparison of the federal statutory income tax rates to the Company’s effective income tax rate for the years ended December 31: 2020 2019 2018 (dollars in thousands) Amount Rate Amount Rate Amount Rate Income before taxes $ 118,767 $ 79,499 $ 60,086 Federal tax statutory rate $ 24,941 21.00 % $ 16,695 21.00 % $ 12,618 21.00 % State tax, net of Federal benefit 9,612 8.09 % 6,405 8.06 % 4,876 8.12 % Windfall benefit – exercise of stock options (118) (0.10) % — — % (816) (1.36) % Low income housing, net benefit (638) (0.54) % — — % — — % Tax exempt interest income (150) (0.12) % — — % — — % Other items, net 751 0.63 % 160 0.20 % 450 0.75 % Effective tax rate $ 34,398 28.96 % $ 23,260 29.26 % $ 17,128 28.51 %
Summary of Components of the Net Deferred Tax Assets Recognized	(dollars in thousands) 2020 2019 Deferred tax assets (liabilities) Allowance for credit and REO losses $ 8,546 $ 6,576 Operating loss carryforwards 1,924 2,060 State taxes 2,611 1,573 Stock-based compensation 558 472 Market valuation: Acquired loans and REO 2,438 3,890 Capital activities – mark to market 847 846 Compensation related 1,210 773 Core deposit intangible (1,977) (2,525) Prepaid expenses (1,234) (838) Depreciation (1,014) (853) Accumulated other comprehensive income (5,824) (1,769) Other 518 874 Net deferred tax assets $ 8,603 $ 11,079

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2020
Commitments and Contingencies
Schedule Of Supplemental Lease Information	Supplemental lease information at or for the twelve months ended December 31, 2020 is as follows: (dollars in thousands) Balance Sheet: Operating lease asset classified as other assets $ 14,387 Operating lease liability classified as other liabilities 15,650 Income Statement: Operating lease cost classified as occupancy and equipment expense $ 6,082 Weighted average lease term, in years 5.03 Weighted average discount rate 5.39 % Operating cash flows $ 6,278
Summary of Maturity of Remaining Lease Liabilities	Future minimum lease commitments under all non-cancelable operating leases at December 31, 2020 are as follows: (dollars in thousands) 2021 $ 6,392 2022 5,361 2023 2,524 2024 2,143 2025 and after 2,198 Total future minimum lease payments $ 18,618 Discount on cash flows 2,968 Total lease liability $ 15,650
Off Balance Sheet Arrangements of Bank	The following table provides the off-balance sheet arrangements of the Bank as of December 31: (dollars in thousands) 2020 2019 Commitments to fund new loans $ 36,143 $ 54,687 Commitments to fund under existing loans, lines of credit 517,169 473,646 Commitments under standby letters of credit 15,589 10,769

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	12 Months Ended
Derivatives and Hedging Activities (Tables)	Dec. 31, 2020
Derivatives and Hedging Activities
Schedule of Fair Value Hedge Accounting on the Consolidated Income Statement	The following table provides the effect of fair value hedge accounting on the consolidated income statement for 2020, including the location and amount of gain or (loss) recognized in income on fair value hedging relationships: Interest Income - (dollars in thousands) Loans Gain or (Loss): Interest contracts: Hedged items $ 12,102 Derivatives designated as hedging instruments (11,476) The following table provides the effect of fair value hedge accounting on the consolidated income statement for 2019, including the location and amount of gain or (loss) recognized in income on fair value hedging relationships: Interest Income - (dollars in thousands) Loans Gain or (Loss): Interest contracts: Hedged items $ 25,006 Derivatives designated as hedging instruments (19,883)

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
Regulatory Matters (Tables)	Dec. 31, 2020
Regulatory Matters
Schedule of Capital and Capital Ratios	To Be Well-Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio FFI December 31, 2020 CET1 capital ratio $ 589,276 11.55 % $ 229,490 4.50 % Tier 1 leverage ratio 589,276 8.93 % 263,986 4.00 % Tier 1 risk-based capital ratio 589,276 11.55 % 305,987 6.00 % Total risk-based capital ratio 620,700 12.17 % 407,982 8.00 % December 31, 2019 CET1 capital ratio $ 513,083 10.65 % $ 216,782 4.50 % Tier 1 leverage ratio 513,083 8.25 % 248,798 4.00 % Tier 1 risk-based capital ratio 513,083 10.65 % 289,043 6.00 % Total risk-based capital ratio 537,048 11.15 % 385,390 8.00 % BANK December 31, 2020 CET1 capital ratio $ 591,171 11.63 % $ 228,703 4.50 % $ 330,349 6.50 % Tier 1 leverage ratio 591,171 8.98 % 263,330 4.00 % 329,162 5.00 % Tier 1 risk-based capital ratio 591,171 11.63 % 304,938 6.00 % 406,583 8.00 % Total risk-based capital ratio 622,595 12.25 % 406,583 8.00 % 508,229 10.00 % December 31, 2019 CET1 capital ratio $ 510,142 10.62 % $ 216,063 4.50 % $ 312,091 6.50 % Tier 1 leverage ratio 510,142 8.22 % 248,119 4.00 % 310,148 5.00 % Tier 1 risk-based capital ratio 510,142 10.62 % 288,084 6.00 % 384,112 8.00 % Total risk-based capital ratio 534,107 11.12 % 384,112 8.00 % 480,140 10.00 %
Schedule of Minimum Capital Ratios Plus the Applicable Increment of the Capital Conservation	CET-1 to risk-weighted assets 7.00 % Tier 1 capital (i.e., CET-1 plus Additional Tier 1) to risk-weighted assets 8.50 % Total capital (i.e., Tier 1 plus Tier 2) to risk-weighted assets 10.50 %

Noninterest Income (Tables)

Noninterest Income (Tables)	12 Months Ended
Noninterest Income (Tables)	Dec. 31, 2020
Noninterest Income [Abstract]
Schedule of Revenue from Contracts with Customers and Other Noninterest Income	The following table represents revenue from contracts with customers as well as other noninterest income for the years ended December 31: (dollars in thousands) 2020 2019 2018 Asset management, consulting and other fees: Wealth management $ 23,413 $ 23,067 $ 24,430 Trust fees 5,645 5,124 3,833 Consulting fees 407 467 485 Total $ 29,465 $ 28,658 $ 28,748 Other income: Deposit fees $ 1,236 $ 1,070 $ 838 Loan related fees 8,334 6,667 4,421 Other 472 1,163 1,345 Total $ 10,042 $ 8,900 $ 6,604

Other Expenses (Tables)

Other Expenses (Tables)	12 Months Ended
Other Expenses (Tables)	Dec. 31, 2020
Other Expenses
Schedule of Items Included in Consolidated Income Statements as Other Expenses	The following items are included in the consolidated income statements as other expenses for the years ended December 31: (dollars in thousands) 2020 2019 2018 Regulatory assessments $ 3,817 $ 3,969 $ 3,652 Directors’ compensation expenses 639 628 596 Acquisition expenses — (490) 3,794

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
Segment Reporting (Tables)	Dec. 31, 2020
Segment Reporting
Key Operating Results of Business Segments	The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the years ended December 31: Wealth (dollars in thousands) Banking Management Other Total 2020: Interest income $ 243,891 $ — $ — $ 243,891 Interest expense 47,078 — 169 47,247 Net interest income 196,813 — (169) 196,644 Provision for loan losses 6,746 — — 6,746 Noninterest income 31,567 24,510 (1,430) 54,647 Noninterest expense 102,019 21,778 1,981 125,778 Income (loss) before taxes on income $ 119,615 $ 2,732 $ (3,580) $ 118,767 2019: Interest income $ 248,760 $ — $ — $ 248,760 Interest expense 78,450 — 356 78,806 Net interest income 170,310 — (356) 169,954 Provision for loan losses 2,637 — — 2,637 Noninterest income 18,844 24,136 (1,204) 41,776 Noninterest expense 104,367 21,931 3,296 129,594 Income (loss) before taxes on income $ 82,150 $ 2,205 $ (4,856) $ 79,499 2018: Interest income $ 207,306 $ — $ — $ 207,306 Interest expense 49,935 — 1,761 51,696 Net interest income 157,371 — (1,761) 155,610 Provision for loan losses 4,220 — — 4,220 Noninterest income 11,322 25,247 (798) 35,771 Noninterest expense 100,778 21,670 4,627 127,075 Income (loss) before taxes on income $ 63,695 $ 3,577 $ (7,186) $ 60,086
Summary of Financial Position of Business Segments	The following tables show the financial position for each of our business segments, and of FFI which is included in the column labeled Other, and the eliminating entries used to arrive at our consolidated totals at December 31: Wealth (dollars in thousands) Banking Management Other Eliminations Total 2020: Cash and cash equivalents $ 629,066 $ 1,671 $ 4,692 $ (5,722) $ 629,707 Securities AFS 807,426 — — — 807,426 Loans held for sale 505,404 — — — 505,404 Loans, net 4,779,599 — — — 4,779,599 Premises and equipment 7,313 563 136 — 8,012 FHLB Stock 17,250 — — — 17,250 Deferred taxes 8,663 186 (246) — 8,603 Goodwill and Intangibles 95,296 — — — 95,296 Other assets 91,702 314 713,940 (700,093) 105,863 Total assets $ 6,941,719 $ 2,734 $ 718,522 $ (705,815) $ 6,957,160 Deposits $ 5,919,155 $ — $ — $ (5,722) $ 5,913,433 Borrowings 255,000 — 14,000 — 269,000 Intercompany balances 4,493 (3,519) (974) — — Other liabilities 65,423 3,808 9,785 — 79,016 Shareholders’ equity 697,648 2,445 695,711 (700,093) 695,711 Total liabilities and equity $ 6,941,719 $ 2,734 $ 718,522 $ (705,815) $ 6,957,160 2019: Cash and cash equivalents $ 65,083 $ 5,054 $ 7,064 $ (11,814) $ 65,387 Securities AFS 1,014,966 — — — 1,014,966 Loans held for sale 503,036 — — — 503,036 Loans, net 4,526,833 — — — 4,526,833 Premises and equipment 7,561 658 136 — 8,355 FHLB Stock 21,519 — — — 21,519 Deferred taxes 10,778 133 168 — 11,079 Goodwill and Intangibles 97,191 — — — 97,191 Other assets 51,229 445 627,785 (613,389) 66,070 Total assets $ 6,298,196 $ 6,290 $ 635,153 $ (625,203) $ 6,314,436 Deposits $ 4,902,958 $ — $ — $ (11,814) $ 4,891,144 Borrowings 733,000 — 10,000 — 743,000 Intercompany balances 3,111 469 (3,580) — — Other liabilities 48,159 3,400 14,864 — 66,423 Shareholders’ equity 610,968 2,421 613,869 (613,389) 613,869 Total liabilities and equity $ 6,298,196 $ 6,290 $ 635,153 $ (625,203) $ 6,314,436

Quarterly Financial Informati_2

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
Quarterly Financial Information (Unaudited) (Tables)	Dec. 31, 2020
Quarterly Financial Information (Unaudited)
Schedule Of Quarterly Financial Information	(dollars in thousands, First Second Third Fourth except per share amounts) Quarter Quarter Quarter Quarter Full Year Year Ended December 31, 2020: Interest income $ 62,338 $ 61,932 $ 61,691 $ 57,930 $ 243,891 Interest expense 17,470 13,485 10,074 6,218 47,247 Net interest income 44,868 48,447 51,617 51,712 196,644 Provision for loan losses 4,064 1,367 1,548 (233) 6,746 Noninterest income 10,675 8,969 23,641 11,362 54,647 Noninterest expense 32,872 30,937 30,595 31,374 125,778 Income before taxes on income 18,607 25,112 43,115 31,933 118,767 Taxes on income 5,396 7,258 12,177 9,567 34,398 Net income $ 13,211 $ 17,854 $ 30,938 $ 22,366 $ 84,369 Income per share Basic $ 0.30 $ 0.40 $ 0.69 $ 0.50 $ 1.89 Diluted $ 0.29 $ 0.40 $ 0.69 $ 0.50 $ 1.88 Year Ended December 31, 2019: Interest income $ 60,544 $ 63,308 $ 62,614 $ 62,294 $ 248,760 Interest expense 19,497 21,421 19,482 18,406 78,806 Net interest income 41,047 41,887 43,132 43,888 169,954 Provision for loan losses 540 1,231 172 694 2,637 Noninterest income 8,465 9,131 13,982 10,198 41,776 Noninterest expense 32,945 32,282 32,694 31,673 129,594 Income before taxes on income 16,027 17,505 24,248 21,719 79,499 Taxes on income 4,768 5,095 6,892 6,505 23,260 Net income $ 11,259 $ 12,410 $ 17,356 $ 15,214 $ 56,239 Income per share Basic $ 0.25 $ 0.28 $ 0.39 $ 0.34 $ 1.26 Diluted $ 0.25 $ 0.28 $ 0.39 $ 0.34 $ 1.25 Year Ended December 31, 2018: Interest income $ 43,319 $ 48,498 $ 58,047 $ 57,442 $ 207,306 Interest expense 9,051 12,247 14,321 16,077 51,696 Net interest income 34,268 36,251 43,726 41,365 155,610 Provision for loan losses 1,688 2,450 9 73 4,220 Noninterest income 8,982 6,984 11,104 8,701 35,771 Noninterest expense 28,988 33,982 33,967 30,138 127,075 Income before taxes on income 12,574 6,803 20,854 19,855 60,086 Taxes on income 3,598 1,657 6,147 5,726 17,128 Net income $ 8,976 $ 5,146 $ 14,707 $ 14,129 $ 42,958 Income per share Basic $ 0.23 $ 0.13 $ 0.33 $ 0.32 $ 1.02 Diluted $ 0.23 $ 0.12 $ 0.33 $ 0.31 $ 1.01

Parent Only Financial Stateme_2

Parent Only Financial Statements (Tables)	12 Months Ended
Parent Only Financial Statements (Tables)	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Condensed Balance Sheet	BALANCE SHEETS December 31, (dollars in thousands) 2020 2019 ASSETS Cash and cash equivalents $ 4,692 $ 7,064 Premises and equipment, net 136 136 Deferred taxes (246) 168 Investment in subsidiaries 700,093 613,389 Intercompany receivable 974 3,580 Other assets 13,847 14,396 Total Assets $ 719,496 $ 638,733 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Borrowings $ 14,000 $ 10,000 Accounts payable and other liabilities 9,785 14,864 Total Liabilities 23,785 24,864 Shareholders’ Equity Common Stock 45 45 Additional paid-in-capital 433,941 433,775 Retained earnings 247,638 175,773 Accumulated other comprehensive income (loss), net of tax 14,087 4,276 Total Shareholders’ Equity 695,711 613,869 Total Liabilities and Shareholders’ Equity $ 719,496 $ 638,733
Condensed Income Statement	INCOME STATEMENTS For the Year Ended December 31, (dollars in thousands) 2020 2019 2018 Interest expense—borrowings $ 169 $ 356 $ 1,761 Noninterest income: Earnings from investment in subsidiaries 86,909 59,660 48,153 Other income (97) 82 194 Total noninterest income 86,812 59,742 48,347 Noninterest expense: Compensation and benefits 1,343 1,517 1,395 Occupancy and depreciation 112 178 197 Professional services and marketing costs 848 1,842 2,790 Other expenses 1,011 1,045 1,237 Total noninterest expense 3,314 4,582 5,619 Income before taxes on income 83,329 54,804 40,967 Taxes on income (1,040) (1,435) (1,991) Net income $ 84,369 $ 56,239 $ 42,958
Condensed Statement of Comprehensive Income	STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, (dollars in thousands) 2020 2019 2018 Net income $ 84,369 $ 56,239 $ 42,958 Other comprehensive income: Unrealized holding gains on securities arising during the period 13,866 7,674 5,567 Other comprehensive income before tax 13,866 7,674 5,567 Income expense benefit related to items of other comprehensive income (4,055) (2,021) (1,629) Other comprehensive income 9,811 5,653 3,938 Less: Reclassification adjustment for gains (loss) included in net earnings — (316) — Income tax (expense) benefit related to reclassification adjustment — 92 — Reclassification adjustment for gains included in net earnings, net of tax — (224) — Other comprehensive income (loss), net of tax 9,811 5,429 3,938 Total comprehensive income $ 94,180 $ 61,668 $ 46,896
Condensed Cash Flow Statement	STATEMENTS OF CASH FLOWS For the Year Ended December 31, (dollars in thousands) 2020 2019 2018 Cash Flows from Operating Activities: Net income $ 84,369 $ 56,239 $ 42,958 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Earnings from investment in subsidiaries (86,909) (59,660) (48,153) Stock–based compensation expense 98 90 65 Deferred tax liability (benefit) 414 75 (280) Increase in other assets 549 (322) 32 Increase (decrease) in accounts payable and other liabilities (5,079) (46) (547) Net cash used in operating activities (6,558) (3,624) (5,925) Cash Flows from Investing Activities: Investment in subsidiaries — (10,000) — Dividend from subsidiary 12,000 17,000 32,000 Dividends paid (12,504) (8,927) — Net cash provided by (used in) investing activities (504) (1,927) 32,000 Cash Flows from Financing Activities: Proceeds from borrowings 4,000 5,000 — Paydowns of borrowings — — (45,000) Proceeds from the sale of stock, net 908 334 13,698 Repurchase of stock (2,824) (23) (497) Intercompany accounts, net decrease (increase) 2,606 576 (212) Net cash (used in) provided by financing activities 4,690 5,887 (32,011) Increase (decrease) in cash and cash equivalents (2,372) 336 (5,936) Cash and cash equivalents at beginning of year 7,064 6,728 12,664 Cash and cash equivalents at end of year $ 4,692 $ 7,064 $ 6,728

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details)	Jan. 18, 2017	Dec. 31, 2020USD ($)employeesubsidiaryitem	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jan. 04, 2017shares
Summary Of Significant Accounting Policies [Line Items]
Number of inactive wholly owned subsidiaries \| subsidiary		2
Number of full-time equivalent employees \| employee		502
Cash and cash equivalents held at the Federal Reserve Bank		$ 623,000,000
Impaired long-lived assets		0	$ 0
Investment in FHLB stock		17,250,000	21,519,000
Allowances for servicing rights		1,400,000	0
Stock split, conversion ratio	2
Additional share of common stock following stock split \| shares					1
Provision for credit losses		6,746,000	2,637,000	$ 4,220,000
Core Deposit
Summary Of Significant Accounting Policies [Line Items]
Core deposit intangible assets		6,800,000	8,700,000
Core deposit intangible amortization expense		1,900,000	$ 2,300,000	$ 2,000,000
FHLB Stock
Summary Of Significant Accounting Policies [Line Items]
Adjustments in carrying value		$ 0
Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives		3 years
Estimated useful lives of other intangible assets		7 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives		10 years
Estimated useful lives of other intangible assets		10 years
California
Summary Of Significant Accounting Policies [Line Items]
Percentage of bank loans		91.00%
FFB
Summary Of Significant Accounting Policies [Line Items]
Approximate number of clients \| item		1,500
Aggregate assets under management		$ 4,900,000,000

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 01, 2018	Dec. 31, 2018	Dec. 31, 2020	Dec. 31, 2018	Dec. 31, 2019
Business Acquisition [Line Items]
Deferred income tax asset, operating loss carry-forward and other tax attributes			$ 1,924		$ 2,060
Increase in net income, pro forma adjustment				$ 9,600
Premier Business Bank
Business Acquisition [Line Items]
Common stock issued in exchange for acquisition, shares	5,234,593
Stock value per share, acquisition date	$ 19.39
Deferred income tax asset, operating loss carry-forward and other tax attributes			$ 3,800
Business combination, value of deposit	$ 6,700
Finite-lived intangible asset, amortized period			10 years
Business combination, pro forma information, revenue of acquiree since acquisition date, actual		$ 17,200
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual		$ 6,500

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - Premier Business Bank $ in Thousands	Jun. 01, 2018USD ($)
PBB Book Value
Assets Acquired:
Cash and cash equivalents	$ 47,582
Securities AFS	10,072
Loans, net of deferred fees	537,885
Allowance for credit losses	(3,011)
Premises and equipment, net	3,811
Investment in FHLB stock	3,229
Deferred taxes	1,451
REO	934
Goodwill and core deposit intangible	634
Other assets	6,634
Total assets acquired	609,221
Liabilities Assumed:
Deposits	477,366
Borrowings	79,911
Accounts payable and other liabilities	5,204
Total liabilities assumed	562,481
Excess of assets acquired over liabilities assumed	46,740
Total	609,221
Fair Value Adjustments
Assets Acquired:
Securities AFS	(90)
Loans, net of deferred fees	(14,986)
Allowance for credit losses	3,011
Premises and equipment, net	(1,536)
Deferred taxes	2,398
REO	(109)
Goodwill and core deposit intangible	66,615
Other assets	(566)
Total assets acquired	54,737
Liabilities Assumed:
Deposits	219
Borrowings	(341)
Accounts payable and other liabilities	100
Total liabilities assumed	(22)
Excess of assets acquired over liabilities assumed	54,759
Total	54,737
Fair Value
Assets Acquired:
Cash and cash equivalents	47,582
Securities AFS	9,982
Loans, net of deferred fees	522,899
Premises and equipment, net	2,275
Investment in FHLB stock	3,229
Deferred taxes	3,849
REO	825
Goodwill and core deposit intangible	67,249
Other assets	6,068
Total assets acquired	663,958
Liabilities Assumed:
Deposits	477,585
Borrowings	79,570
Accounts payable and other liabilities	5,304
Total liabilities assumed	562,459
Excess of assets acquired over liabilities assumed	101,499
Total	663,958
Consideration:
Stock issued	$ 101,499

Acquisitions - Pro Forma Summar

Acquisitions - Pro Forma Summarized Income Statement Data (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)$ / shares
Acquisitions
Net interest income	$ 167,099
Provision for loan losses	4,220
Noninterest income	36,538
Noninterest expenses	130,702
Income before taxes	68,715
Taxes on income	19,412
Net income	$ 49,303
Net income per share:
Basic \| $ / shares	$ 1.11
Diluted \| $ / shares	$ 1.10

Fair Value - Recorded Amounts o

Fair Value - Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 807,426	$ 1,014,966
Investment in equity securities	338	434
Other
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	1,610	1,449
Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	723,995	914,977
Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	23,463	42,706
Corporate Bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	58,358	55,834
Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment in equity securities	338	434
Total assets at fair value on a recurring basis	807,764	1,015,400
Fair Value on Recurring Basis \| Other
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	1,610	1,449
Fair Value on Recurring Basis \| Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	723,995	914,977
Fair Value on Recurring Basis \| Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	23,463	42,706
Fair Value on Recurring Basis \| Corporate Bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	58,358	55,834
Fair Value Measurement Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	503	403
Investment in equity securities	338	434
Fair Value Measurement Level 1 \| Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment in equity securities	338	434
Total assets at fair value on a recurring basis	841	837
Fair Value Measurement Level 1 \| Fair Value on Recurring Basis \| Other
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	503	403
Fair Value Measurement Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	783,460	971,857
Fair Value Measurement Level 2 \| Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets at fair value on a recurring basis	783,460	971,857
Fair Value Measurement Level 2 \| Fair Value on Recurring Basis \| Other
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	1,107	1,046
Fair Value Measurement Level 2 \| Fair Value on Recurring Basis \| Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	723,995	914,977
Fair Value Measurement Level 2 \| Fair Value on Recurring Basis \| Corporate Bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	58,358	55,834
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	23,463	42,706
Fair Value Measurement Level 3 \| Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets at fair value on a recurring basis	23,463	42,706
Fair Value Measurement Level 3 \| Fair Value on Recurring Basis \| Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 23,463	$ 42,706

Fair Value - Valuation assumpti

Fair Value - Valuation assumptions (Details)	3 Months Ended												12 Months Ended
Fair Value - Valuation assumptions (Details)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Provision for credit losses - loans	$ (233,000)	$ 1,548,000	$ 1,367,000	$ 4,064,000	$ 694,000	$ 172,000	$ 1,231,000	$ 540,000	$ 73,000	$ 9,000	$ 2,450,000	$ 1,688,000	$ 6,746,000	$ 2,637,000	$ 4,220,000
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Reserves related to impaired loans	0				0								0	0
Provision for credit losses - loans													7,200,000
Total impaired loans	$ 36,200,000				$ 18,900,000								$ 36,200,000	$ 18,900,000
Fair Value Measurement Level 3 \| Prepayment Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.20												0.20
Fair Value Measurement Level 3 \| Prepayment Rate \| Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.20												0.20
Fair Value Measurement Level 3 \| Prepayment Rate \| Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.30												0.30
Fair Value Measurement Level 3 \| Discount Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.10												0.10
Fair Value Measurement Level 3 \| Discount Rate \| Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.074												0.074
Fair Value Measurement Level 3 \| Discount Rate \| Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.10												0.10

Fair Value - Carrying Amounts a

Fair Value - Carrying Amounts and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 629,707	$ 65,387
Securities AFS, net	807,426	1,014,966
Loans held for sale	505,404	503,036
Loans, net	4,779,599	4,526,833
Investment in FHLB stock	17,250	21,519
Investment in equity securities	338	434
Liabilities:
Deposits	5,913,433	4,891,144
Borrowings	269,000	743,000
Assets Fair Value:
Cash and cash equivalents	629,707	65,387
Securities AFS, net	807,426	1,014,966
Loans held for sale	510,638	506,750
Loans, net	4,829,258	4,573,516
Investment in FHLB stock	17,250	21,519
Investment in equity securities	338	434
Liabilities Fair Value:
Deposits	5,913,434	4,891,145
Borrowings	269,000	743,000
Fair Value Measurement Level 1
ASSETS
Securities AFS, net	503	403
Investment in equity securities	338	434
Assets Fair Value:
Cash and cash equivalents	629,707	65,387
Securities AFS, net	503	403
Investment in equity securities	338	434
Liabilities Fair Value:
Deposits	4,934,537	2,913,493
Fair Value Measurement Level 2
ASSETS
Securities AFS, net	783,460	971,857
Investment in FHLB stock	17,250	21,519
Assets Fair Value:
Securities AFS, net	783,460	971,857
Loans held for sale	510,638	506,750
Investment in FHLB stock	17,250	21,519
Liabilities Fair Value:
Deposits	978,897	1,977,652
Borrowings	255,000	733,000
Fair Value Measurement Level 3
ASSETS
Securities AFS, net	23,463	42,706
Assets Fair Value:
Securities AFS, net	23,463	42,706
Loans, net	4,829,258	4,573,516
Liabilities Fair Value:
Borrowings	$ 14,000	$ 10,000

OLD Securities - Summary of AFS

OLD Securities - Summary of AFS Securities Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 794,761	$ 1,008,921
Gross Unrealized gains	19,910	12,872
Gross Unrealized losses		(6,827)
Allowance for credit losses - investments	(7,245)
Estimated Fair Value	807,426	1,014,966
Other
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	1,512	1,386
Gross Unrealized gains	98	63
Estimated Fair Value	1,610	1,449
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	705,752	905,949
Gross Unrealized gains	18,243	9,174
Gross Unrealized losses		(146)
Estimated Fair Value	723,995	914,977
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	30,497	47,586
Gross Unrealized gains	211	1,801
Gross Unrealized losses		(6,681)
Allowance for credit losses - investments	(7,245)
Estimated Fair Value	23,463	42,706
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	57,000	54,000
Gross Unrealized gains	1,358	1,834
Estimated Fair Value	$ 58,358	$ 55,834

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2020
Schedule Of Available For Sale Securities [Line Items]
Loans pledged as collateral			$ 3,600,000
Proceeds from sale of securities	$ 283,893	$ 9,982
Loss on sale of securities	$ (316)
Weighted average yield, total	5.27%		5.32%
US Treasury Securities \| Other
Schedule Of Available For Sale Securities [Line Items]
Loans pledged as collateral			$ 500
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Loans pledged as collateral			$ 190,000
Agency Mortgage-backed Securities and Beneficial interests in FHLMC securitization
Schedule Of Available For Sale Securities [Line Items]
Weighted average yield, total	2.66%		2.39%

Securities - Schedule of Securi

Securities - Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value		$ 26,097
Less than 12 months, Unrealized Loss		(2,858)
12 months or more, Fair Value		17,100
12 months or more, Unrealized Loss		(3,969)
Total, Fair Value		43,197
Total, Unrealized Loss	$ 0	(6,827)
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value		5,488
Less than 12 months, Unrealized Loss		(2)
12 months or more, Fair Value		13,880
12 months or more, Unrealized Loss		(144)
Total, Fair Value		19,368
Total, Unrealized Loss		(146)
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value		20,609
Less than 12 months, Unrealized Loss		(2,856)
12 months or more, Fair Value		3,220
12 months or more, Unrealized Loss		(3,825)
Total, Fair Value		23,829
Total, Unrealized Loss		$ (6,681)

Securities - Schedule of Allowa

Securities - Schedule of Allowance for Credit Losses - Securities AFS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Investments [Abstract]
Provision for credit losses - securities AFS	$ 7,245
Ending Balance for period	$ 7,245

Securities - Scheduled Maturiti

Securities - Scheduled Maturities of Securities AFS and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	$ 500
Amortized cost, one through five years	1,012	$ 400
Amortized cost, five through ten years	57,000	54,986
Amortized cost, total	$ 58,512	$ 55,386
Weighted average yield, less than one year	1.83%
Weighted average yield, one through five years	2.81%	2.25%
Weighted average yield, five through ten years	5.39%	5.29%
Weighted average yield, total	5.32%	5.27%
Estimated fair value, less than one year	$ 503
Estimated fair value, one through five years	1,107	$ 403
Estimated fair value, five through ten years	58,358	56,880
Estimated fair value, total	59,968	57,283
Other
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	500
Amortized cost, one through five years	1,012	400
Amortized cost, five through ten years		986
Amortized cost, total	1,512	1,386
Estimated fair value, less than one year	503
Estimated fair value, one through five years	1,107	403
Estimated fair value, five through ten years		1,046
Estimated fair value, total	1,610	1,449
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, five through ten years	57,000	54,000
Amortized cost, total	57,000	54,000
Estimated fair value, five through ten years	58,358	55,834
Estimated fair value, total	$ 58,358	$ 55,834

Loans - Summary of Loans (Detai

Loans - Summary of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 4,794,759	$ 4,535,885
Premiums, discounts and deferred fees and expenses	9,040	11,748
Total	4,803,799	4,547,633
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,053,556	3,015,100
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	747,807	834,042
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	918,676	600,213
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	18,888	16,273
Land
Accounts Notes And Loans Receivable [Line Items]
Total loans	55,832	70,257
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,857,195	3,919,399
Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,053,556	3,015,100
Real Estate Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	747,807	834,042
Real Estate Loans \| Land
Accounts Notes And Loans Receivable [Line Items]
Total loans	55,832	70,257
Multifamily \| Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	2,247,542	2,143,919
Single Family \| Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 806,014	$ 871,181

Loans - Acquired (Details)

Loans - Acquired (Details) $ in Millions	Dec. 31, 2019USD ($)
Receivables [Abstract]
Loans acquired	$ 8.4

Loans - Carrying Amount of Purc

Loans - Carrying Amount of Purchased Credit Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Net loans	$ 4,779,599	$ 4,526,833
Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Impaired Financing Receivable Recorded Investment	6,073	8,173
Unaccreted discount on purchased credit impaired loans		(3,657)
Net loans	6,073	4,516
Residential Properties \| Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Net loans	284
Commercial Real Estate \| Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Net loans	5,495	3,327
Commercial and Industrial Loans \| Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Impaired Financing Receivable Recorded Investment	294	603
Net loans	294	408
Land \| Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Net loans		781
Real Estate Loans \| Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Impaired Financing Receivable Recorded Investment	5,779	7,570
Real Estate Loans \| Residential Properties \| Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Impaired Financing Receivable Recorded Investment	284	366
Real Estate Loans \| Commercial Real Estate \| Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Impaired Financing Receivable Recorded Investment	$ 5,495	6,146
Real Estate Loans \| Land \| Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Impaired Financing Receivable Recorded Investment		$ 1,058

Loans - Summary of Delinquent a

Loans - Summary of Delinquent and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 23,430	$ 23,685
90 Days or More Past Due and Still Accruing	152	403
Nonaccrual Past Due and Still Accruing	20,628	12,867
Current	4,771,329	4,512,200
Total loans	$ 4,794,759	$ 4,535,885
Percentage of Total Loans Due 90 Days or More	0.00%	0.01%
Percentage of Total Loans Due Nonaccrual	0.43%	0.28%
Percentage of Total Loans	0.49%	0.52%
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 3,053,556	$ 3,015,100
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	747,807	834,042
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	6,713	11,416
90 Days or More Past Due and Still Accruing	152
Nonaccrual Past Due and Still Accruing	5,137	8,714
Current	911,963	588,797
Total loans	918,676	600,213
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual		25
Current	18,888	16,248
Total loans	18,888	16,273
Land
Accounts Notes And Loans Receivable [Line Items]
Total loans	55,832	70,257
30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 1,999	$ 8,392
Percentage of Total Loans Due 30-59 Days	0.04%	0.19%
30-59 Days \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 1,013	$ 695
30-59 Days \| Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual		22
60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 651	$ 2,023
Percentage of Total Loans Due 60-89 Days	0.01%	0.04%
60-89 Days \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 411	$ 2,007
60-89 Days \| Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual		3
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,857,195	3,919,399
Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	10,982	1,845
Nonaccrual Past Due and Still Accruing	10,947	1,743
Current	3,042,574	3,013,255
Total loans	3,053,556	3,015,100
Real Estate Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	5,735	10,399
90 Days or More Past Due and Still Accruing		403
Nonaccrual Past Due and Still Accruing	4,544	2,410
Current	742,072	823,643
Total loans	747,807	834,042
Real Estate Loans \| Land
Accounts Notes And Loans Receivable [Line Items]
Current	55,832	70,257
Total loans	55,832	70,257
Real Estate Loans \| 30-59 Days \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	35	89
Real Estate Loans \| 30-59 Days \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	951	7,586
Real Estate Loans \| 60-89 Days \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual		$ 13
Real Estate Loans \| 60-89 Days \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 240

Loans - Composition of TDRs by

Loans - Composition of TDRs by Accrual and Nonaccrual Status (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Nonaccrual	$ 20,628	$ 12,867
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Nonaccrual	5,137	8,714
Principal Reduction And Extended Maturity
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	3,348	2,945
Troubled Debt Restructurings, Nonaccrual	4,109	5,138
Troubled Debt Restructurings, Total	7,457	8,083
Principal Reduction And Extended Maturity \| Residential Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	1,200	1,200
Troubled Debt Restructurings, Total	1,200	1,200
Principal Reduction And Extended Maturity \| Commercial Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	1,107	1,188
Troubled Debt Restructurings, Nonaccrual	1,277	2,166
Troubled Debt Restructurings, Total	2,384	3,354
Principal Reduction And Extended Maturity \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	1,041	557
Troubled Debt Restructurings, Nonaccrual	2,832	2,972
Troubled Debt Restructurings, Total	$ 3,873	$ 3,529

Loans - Schedule of Detail of L

Loans - Schedule of Detail of Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Financing Receivable Modifications [Line Items]
Number of loans \| loan	1	9
Outstanding recorded investment, pre-modification	$ 507	$ 5,826
Outstanding recorded investment, post-modification	$ 507	$ 5,826
Residential Loans
Financing Receivable Modifications [Line Items]
Number of loans \| loan		1
Outstanding recorded investment, pre-modification		$ 1,200
Outstanding recorded investment, post-modification		$ 1,200
Commercial Real Estate Loans
Financing Receivable Modifications [Line Items]
Number of loans \| loan		1
Outstanding recorded investment, pre-modification		$ 2,872
Outstanding recorded investment, post-modification		$ 2,872
Commercial and Industrial Loans
Financing Receivable Modifications [Line Items]
Number of loans \| loan	1	7
Outstanding recorded investment, pre-modification	$ 507	$ 1,754
Outstanding recorded investment, post-modification	$ 507	$ 1,754

Allowance for Credit Losses - B

Allowance for Credit Losses - Bank's Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	$ 28,129	$ 23,000	$ 20,800	$ 20,800	$ 20,800	$ 20,800	$ 19,000	$ 18,400
Provision for Credit Losses	(3,830)	5,541	(1,936)	3,605	(225)	26	2,637	4,220
Charge-offs	(338)	(525)	(530)	(1,055)	(1,393)	(1,844)	(2,692)	(4,189)
Recoveries	222	113	451	564	786	1,003	1,855	569
Ending Balance	24,183	28,129	23,000	28,129	24,183	24,200	20,800	19,000
Restatement Adjustment
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance		18,785
Ending Balance			18,785
Previously Reported
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	28,129	23,000	20,800	20,800	20,800	20,800
Provision for Credit Losses	(3,830)	9,756	2,279	12,035	8,205
Charge-offs	(338)	(525)	(530)	(1,055)	(1,393)
Recoveries	222	113	451	564	786
Ending Balance	$ 24,183	$ 28,129	23,000	28,129	24,183		20,800
ASU 2016-13
Financing Receivable Allowance For Credit Losses [Line Items]
Changes due to adoption			4,215	4,215	4,215	4,215
ASU 2016-13 \| Previously Reported
Financing Receivable Allowance For Credit Losses [Line Items]
Changes due to adoption				(4,215)	(4,215)
Residential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance			8,423	8,423	8,423	8,423	9,216	9,715
Provision for Credit Losses						(3,671)	(793)	(499)
Ending Balance						5,115	8,423	9,216
Residential Properties \| ASU 2016-13
Financing Receivable Allowance For Credit Losses [Line Items]
Changes due to adoption						363
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance			4,166	4,166	4,166	4,166	4,547	4,399
Provision for Credit Losses						785	(381)	359
Charge-offs								(211)
Ending Balance						8,711	4,166	4,547
Commercial Real Estate \| ASU 2016-13
Financing Receivable Allowance For Credit Losses [Line Items]
Changes due to adoption						3,760
Land and Construction
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance			573	573	573	573	391	395
Provision for Credit Losses						227	182	(4)
Ending Balance						892	573	391
Land and Construction \| ASU 2016-13
Financing Receivable Allowance For Credit Losses [Line Items]
Changes due to adoption						92
Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance			7,448	7,448	7,448	7,448	4,628	3,624
Provision for Credit Losses						2,642	3,653	4,413
Charge-offs						(1,844)	(2,687)	(3,978)
Recoveries						1,003	1,854	569
Ending Balance						9,249	7,448	4,628
Consumer Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance			$ 190	$ 190	$ 190	190	218	267
Provision for Credit Losses						43	(24)	(49)
Charge-offs							(5)
Recoveries							1
Ending Balance						$ 233	$ 190	$ 218

Allowance for Credit Losses -_2

Allowance for Credit Losses - Balance in Allowance for Credit Losses and Recorded Investment in Loans by Impairment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	$ 2,389	$ 870
Allowance for Credit Losses, Collectively Evaluated for Impairment	21,811	19,930
Total Allowance for Credit Losses	24,200	20,800
Total Allowance for Credit Losses	24,200	20,800
Unaccreted Credit Component Other Loans - Allowance		2,345
Loans, Individually Evaluated for Impairment	36,190	18,902
Loans, Collectively Evaluated for Impairment	4,752,496	4,512,467
Loans, Purchased Impaired	4,779,599	4,526,833
Total loans	4,794,759	4,535,885
Unaccreted Credit Component Other Loans		443,765
Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired	6,073	4,516
Residential Properties
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	1,059
Allowance for Credit Losses, Collectively Evaluated for Impairment	4,056	8,423
Total Allowance for Credit Losses	5,115	8,423
Unaccreted Credit Component Other Loans - Allowance		1,013
Loans, Individually Evaluated for Impairment	12,414	2,897
Loans, Collectively Evaluated for Impairment	3,040,858	3,012,203
Total loans	3,053,556	3,015,100
Unaccreted Credit Component Other Loans		189,339
Residential Properties \| Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired	284
Commercial Real Estate
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	374	107
Allowance for Credit Losses, Collectively Evaluated for Impairment	8,337	4,059
Total Allowance for Credit Losses	8,711	4,166
Unaccreted Credit Component Other Loans - Allowance		1,048
Loans, Individually Evaluated for Impairment	17,304	6,689
Loans, Collectively Evaluated for Impairment	725,008	824,026
Total loans	747,807	834,042
Unaccreted Credit Component Other Loans		201,370
Commercial Real Estate \| Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired	5,495	3,327
Commercial and Industrial Loans
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	956	763
Allowance for Credit Losses, Collectively Evaluated for Impairment	8,293	6,685
Total Allowance for Credit Losses	9,249	7,448
Unaccreted Credit Component Other Loans - Allowance		277
Loans, Individually Evaluated for Impairment	6,472	9,316
Loans, Collectively Evaluated for Impairment	911,910	590,489
Total loans	918,676	600,213
Unaccreted Credit Component Other Loans		24,143
Commercial and Industrial Loans \| Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired	294	408
Consumer Loans
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Collectively Evaluated for Impairment	233	190
Total Allowance for Credit Losses	233	190
Unaccreted Credit Component Other Loans - Allowance		1
Loans, Collectively Evaluated for Impairment	18,888	16,273
Total loans	18,888	16,273
Unaccreted Credit Component Other Loans		253
Land
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Collectively Evaluated for Impairment	892	573
Total Allowance for Credit Losses	892	573
Unaccreted Credit Component Other Loans - Allowance		6
Loans, Collectively Evaluated for Impairment	55,832	69,476
Total loans	$ 55,832	70,257
Unaccreted Credit Component Other Loans		28,660
Land \| Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired		$ 781

Allowance for Credit Losses - A

Allowance for Credit Losses - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Allowance of purchase impaired loans		0.53%
Additional allowance on credit impaired loans		$ 300,000
Interest income recognized on impaired loans	$ 0	$ 0	$ 0

Allowance for Credit Losses - R

Allowance for Credit Losses - Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 4,794,759	$ 4,535,885
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,053,556	3,015,100
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	747,807	834,042
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	918,676	600,213
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	18,888	16,273
Land
Accounts Notes And Loans Receivable [Line Items]
Total loans	55,832	70,257
Pass
Accounts Notes And Loans Receivable [Line Items]
Total loans	4,720,317	4,498,530
Pass \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,040,139	3,012,203
Pass \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	710,294	821,425
Pass \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	895,164	579,153
Pass \| Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	18,888	16,273
Pass \| Land
Accounts Notes And Loans Receivable [Line Items]
Total loans	55,832	69,476
Special Mention
Accounts Notes And Loans Receivable [Line Items]
Total loans	35,776	8,881
Special Mention \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	986
Special Mention \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	19,511	679
Special Mention \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	15,279	8,202
Substandard Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	2,476	9,572
Substandard Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	17
Substandard Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	698	5,249
Substandard Loans \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,761	3,542
Substandard Loans \| Land
Accounts Notes And Loans Receivable [Line Items]
Total loans		781
Loans Individually Evaluated
Accounts Notes And Loans Receivable [Line Items]
Total loans	36,190	18,902
Loans Individually Evaluated \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	12,414	2,897
Loans Individually Evaluated \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	17,304	6,689
Loans Individually Evaluated \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 6,472	$ 9,316

Allowance for Credit Losses -_3

Allowance for Credit Losses - Risk Category of Loans Based on Year of Origination (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment [Line Items]
2020	$ 1,378,122
2019	995,092
2018	804,012
2017	475,987
2016	338,502
Prior	487,341
Revolving Loans	315,703
Total loans	4,794,759	$ 4,535,885
Pass
Financing Receivable Recorded Investment [Line Items]
2020	1,374,839
2019	984,182
2018	784,679
2017	469,881
2016	330,898
Prior	472,097
Revolving Loans	303,741
Total loans	4,720,317	4,498,530
Classified
Financing Receivable Recorded Investment [Line Items]
2020	3,283
2019	10,910
2018	19,333
2017	6,106
2016	7,604
Prior	15,244
Revolving Loans	11,962
Total loans	74,442
Residential Properties
Financing Receivable Recorded Investment [Line Items]
Total loans	3,053,556	3,015,100
Residential Properties \| Pass
Financing Receivable Recorded Investment [Line Items]
Total loans	3,040,139	3,012,203
Residential Properties \| Multifamily
Financing Receivable Recorded Investment [Line Items]
2020	774,701
2019	638,237
2018	469,866
2017	218,470
2016	82,941
Prior	63,327
Total loans	2,247,542
Residential Properties \| Multifamily \| Pass
Financing Receivable Recorded Investment [Line Items]
2020	774,701
2019	638,237
2018	469,866
2017	218,470
2016	82,941
Prior	63,327
Total loans	2,247,542
Residential Properties \| Single Family
Financing Receivable Recorded Investment [Line Items]
2020	173,564
2019	83,311
2018	110,560
2017	98,820
2016	107,568
Prior	203,826
Revolving Loans	28,365
Total loans	806,014
Residential Properties \| Single Family \| Pass
Financing Receivable Recorded Investment [Line Items]
2020	173,564
2019	83,311
2018	110,560
2017	95,888
2016	107,568
Prior	196,692
Revolving Loans	25,014
Total loans	792,597
Residential Properties \| Single Family \| Classified
Financing Receivable Recorded Investment [Line Items]
2017	2,932
Prior	7,134
Revolving Loans	3,351
Total loans	13,417
Commercial Real Estate
Financing Receivable Recorded Investment [Line Items]
2020	46,260
2019	107,104
2018	136,507
2017	131,456
2016	124,567
Prior	201,913
Total loans	747,807	834,042
Commercial Real Estate \| Pass
Financing Receivable Recorded Investment [Line Items]
2020	46,260
2019	100,432
2018	120,230
2017	129,120
2016	119,719
Prior	194,533
Total loans	710,294	821,425
Commercial Real Estate \| Classified
Financing Receivable Recorded Investment [Line Items]
2019	6,672
2018	16,277
2017	2,336
2016	4,848
Prior	7,380
Total loans	37,513
Land and Construction
Financing Receivable Recorded Investment [Line Items]
2020	257
2019	15,923
2018	27,792
2017	10,532
2016	706
Prior	622
Total loans	55,832
Land and Construction \| Pass
Financing Receivable Recorded Investment [Line Items]
2020	257
2019	15,923
2018	27,792
2017	10,532
2016	706
Prior	622
Total loans	55,832
Commercial and Industrial Loans
Financing Receivable Recorded Investment [Line Items]
2020	380,783
2019	150,517
2018	57,966
2017	16,706
2016	15,936
Prior	17,553
Revolving Loans	279,215
Total loans	918,676	600,213
Commercial and Industrial Loans \| Pass
Financing Receivable Recorded Investment [Line Items]
2020	377,500
2019	146,279
2018	54,910
2017	15,868
2016	13,180
Prior	16,823
Revolving Loans	270,604
Total loans	895,164	579,153
Commercial and Industrial Loans \| Classified
Financing Receivable Recorded Investment [Line Items]
2020	3,283
2019	4,238
2018	3,056
2017	838
2016	2,756
Prior	730
Revolving Loans	8,611
Total loans	23,512
Consumer Loans
Financing Receivable Recorded Investment [Line Items]
2020	2,557
2018	1,321
2017	3
2016	6,784
Prior	100
Revolving Loans	8,123
Total loans	18,888	16,273
Consumer Loans \| Pass
Financing Receivable Recorded Investment [Line Items]
2020	2,557
2018	1,321
2017	3
2016	6,784
Prior	100
Revolving Loans	8,123
Total loans	$ 18,888	$ 16,273

Allowance for Credit Losses - E

Allowance for Credit Losses - Evaluation of Loans and Related Allowance (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Modifications [Line Items]
Unpaid Principal Balance, With No Allowance Recorded	$ 25,391	$ 15,138
Recorded Investment, With No Allowance Recorded	24,571	14,061
Unpaid Principal Balance, With an Allowance Recorded	11,748	4,952
Recorded Investment, With an Allowance Recorded	11,619	4,841
Residential Properties
Financing Receivable Modifications [Line Items]
Unpaid Principal Balance, With No Allowance Recorded	9,410	2,970
Recorded Investment, With No Allowance Recorded	9,327	2,897
Unpaid Principal Balance, With an Allowance Recorded	3,092
Recorded Investment, With an Allowance Recorded	3,087
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Unpaid Principal Balance, With No Allowance Recorded	12,996	5,683
Recorded Investment, With No Allowance Recorded	12,687	5,456
Unpaid Principal Balance, With an Allowance Recorded	4,617	1,188
Recorded Investment, With an Allowance Recorded	4,617	1,188
Commercial and Industrial Loans
Financing Receivable Modifications [Line Items]
Unpaid Principal Balance, With No Allowance Recorded	2,985	6,485
Recorded Investment, With No Allowance Recorded	2,557	5,708
Unpaid Principal Balance, With an Allowance Recorded	4,039	3,764
Recorded Investment, With an Allowance Recorded	$ 3,915	$ 3,653

Allowance for Credit Losses - W

Allowance for Credit Losses - Weighted Average Annualized Balance of Recorded Investment and Interest Income on Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Modifications [Line Items]
Average Recorded Investment	$ 94,347	$ 21,785
Interest Income	1,288	365
Residential Properties
Financing Receivable Modifications [Line Items]
Average Recorded Investment	31,923	1,765
Interest Income	56	13
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Average Recorded Investment	35,517	8,889
Interest Income	311	341
Commercial and Industrial Loans
Financing Receivable Modifications [Line Items]
Average Recorded Investment	26,525	10,608
Interest Income	920	11
Consumer Loans
Financing Receivable Modifications [Line Items]
Average Recorded Investment	47
Interest Income	1
Land
Financing Receivable Modifications [Line Items]
Average Recorded Investment	$ 335	$ 523

Allowance for Credit Losses -_4

Allowance for Credit Losses - Amortized Cost Basis of Collateral Dependent Loans Individually Evaluated to Determine Credit Losses and Related ACL Allocated to Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	$ 24,200	$ 20,800
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	10,516
Total Allowance for Credit Losses	1,095
Collateral Dependent Loans \| Real Estate.
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	10,144
Collateral Dependent Loans \| Cash
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	250
Collateral Dependent Loans \| Equipment/Receivables
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	122
Collateral Dependent Loans \| Residential Properties \| Single Family
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	10,144
Total Allowance for Credit Losses	1,051
Collateral Dependent Loans \| Residential Properties \| Real Estate. \| Single Family
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	10,144
Collateral Dependent Loans \| Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	372
Total Allowance for Credit Losses	44
Collateral Dependent Loans \| Commercial and Industrial Loans \| Cash
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	250
Collateral Dependent Loans \| Commercial and Industrial Loans \| Equipment/Receivables
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 122

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Premises and Equipment
Leasehold improvements and artwork	$ 7,762	$ 7,415
Information technology equipment	11,155	8,772
Furniture and fixtures	3,503	3,370
Land and auto	805	805
Total	23,225	20,362
Accumulated depreciation and amortization	(15,213)	(12,007)
Property, Plant and Equipment, Net, Total	$ 8,012	$ 8,355

Real Estate Owned (Details)

Real Estate Owned (Details) $ in Thousands	12 Months Ended
Real Estate Owned (Details) $ in Thousands	Dec. 31, 2019USD ($)
Real Estate Owned
Beginning Balance	$ 815
Dispositions of REO	$ (815)

Loan Sales and Mortgage Servi_2

Loan Sales and Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loan Sales And Mortgage Servicing Rights [Line Items]
Gain on sale of loans	$ 15,140	$ 4,218	$ 419
Valuation allowance of mortgage servicing rights	1,400	0
First Foundation Bank
Loan Sales And Mortgage Servicing Rights [Line Items]
Gain on sale of loans	15,100	4,200	400
Sale of multifamily loans through securitization	553,000	549,000	674,000
Mortgage servicing rights	7,900	7,000
Valuation allowance of mortgage servicing rights	1,400
Loans serviced for others	1,500,000	1,700,000
Servicing fees earned on loans	$ 1,600	$ 1,700	$ 1,100

Deposits - Summary of Outstandi

Deposits - Summary of Outstanding Balance of Deposits and Average Rates (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deposits [Abstract]
Demand deposits, Noninterest-bearing	$ 1,655,847	$ 1,192,481
Demand deposits, Interest-bearing	871,289	386,276
Money market and savings	2,407,401	1,334,736
Certificates of deposits	978,896	1,977,651
Total	$ 5,913,433	$ 4,891,144
Demand deposits, Interest-bearing, Weighted Average Rate	0.372%	0.635%
Money market and savings, Weighted Average Rate	0.549%	1.355%
Certificates of deposits, Weighted Average Rate	0.591%	1.971%
Total, Weighted Average Rate	0.376%	1.217%

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Deposits [Abstract]
Certificates of deposits of $250,000 or more, maturities within one year	$ 409	$ 471
Certificates of deposits of $250,000 or more, maturities after one year	7	0.8
Certificates of deposits of $250,000 or more, total	416	472
Certificates of deposit of less than $ 250,000, maturities within one year	520	1,500
Certificates of deposit of less than $ 250,000, maturities after one year	43	13
Certificates of deposit of less than $250,000, total	$ 563	$ 1,500

Borrowings (Details)

Borrowings (Details)	12 Months Ended
Borrowings (Details)	Dec. 31, 2020USD ($)Institution	Dec. 31, 2017USD ($)	Jan. 01, 2020	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Overnight FHLB advances				$ 233,000,000
FHLB term advances	$ 255,000,000			500,000,000
Long-term line of credit	0
FHLB advances interest rates			1.66%
Loans pledged as collateral	3,600,000,000
Federal Home Loan Bank, maximum borrowing capacity	2,000,000,000
FHLB advances	255,000,000
Federal Home Loan Bank, additional credit available	277,000,000
Unsecured debt	$ 195,000,000
Number of financial institutions \| Institution	5
Unused lines of credit	$ 2,400,000,000
FHLB, average daily balance of borrowings outstanding	56,000,000			413,000,000	$ 577,000,000
Secured debt	196,000,000
FHLB Advances Maturing in April 2021
Debt Instrument [Line Items]
FHLB zero interest advances	5,000,000
Minimum
Debt Instrument [Line Items]
Unsecured debt	20,000,000
Maximum
Debt Instrument [Line Items]
Unsecured debt	100,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, borrowing capacity		$ 40,000,000
Line of credit maturity period		5 years
Revolving Credit Facility \| 90 Day LIBOR
Debt Instrument [Line Items]
Debt instrument basis point rate		3.50%
0.47% FHLB Term Advances
Debt Instrument [Line Items]
FHLB term advances outstanding	$ 250,000,000
FHLB advances interest rates	0.47%
FFI
Debt Instrument [Line Items]
Long-term line of credit	$ 14,000,000			$ 10,000,000
Line of credit facility, Interest rate	3.73%			5.60%

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Thousands	12 Months Ended
Shareholders' Equity (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Subsidiary Sale Of Stock [Line Items]
Cash and cash equivalents	$ 629,707	$ 65,387
FFI
Subsidiary Sale Of Stock [Line Items]
Dividend payment restrictions (as a percent)	50.00%
Cash and cash equivalents	$ 4,692	$ 7,064

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share
Net income, Basic													$ 84,369	$ 56,239	$ 42,958
Basic common shares outstanding													44,639,430	44,617,361	42,092,361
Earnings per share, Basic	$ 0.50	$ 0.69	$ 0.40	$ 0.30	$ 0.34	$ 0.39	$ 0.28	$ 0.25	$ 0.32	$ 0.33	$ 0.13	$ 0.23	$ 1.89	$ 1.26	$ 1.02
Net income, Diluted													$ 84,369	$ 56,239	$ 42,958
Effect of options, restricted stock and contingent shares issuable													261,375	293,904	474,747
Diluted common shares outstanding													44,900,805	44,911,265	42,567,108
Earnings per share, Diluted	$ 0.50	$ 0.69	$ 0.40	$ 0.29	$ 0.34	$ 0.39	$ 0.28	$ 0.25	$ 0.31	$ 0.33	$ 0.12	$ 0.23	$ 1.88	$ 1.25	$ 1.01

Stock Based Compensation (Detai

Stock Based Compensation (Details) $ in Thousands	Jan. 18, 2017	Dec. 31, 2010shares	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2007itemshares	Dec. 31, 2015shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of equity incentive plans \| item						2
Future grant of options purchased \| shares						1,300,282
Increase in number of shares for issuance \| shares		580,000
Stock split, conversion ratio	2
Stock-based compensation expense			$ 2,075	$ 1,633	$ 2,637
Stock options exercised, intrinsic value			800	300	3,200
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of shares vested			1,600	2,000	2,800
Fair value of shares issued			1,600	$ 2,000	$ 2,800
Unrecognized compensation costs			$ 1,600
Executive Officers, Other Key Employees and Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for grant \| shares							750,000
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award term			10 years

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Options Granted
Outstanding at beginning of period	548,550	592,550	900,884
Options exercised	(117,500)	(44,000)	(308,334)
Options forfeited	(57,000)
Outstanding at end of period	374,050	548,550	592,550
Options exercisable	374,050	548,550	592,550
Weighted Average Exercise Price
Outstanding at beginning of period	$ 7.79	$ 7.78	$ 7.73
Options exercised	7.79	7.60	7.64
Options forfeited	7.66
Outstanding at end of period	7.81	7.79	7.78
Options exercisable	$ 7.81	$ 7.79	$ 7.78
Weighted-Average Remaining Contractual Term
Outstanding at end of period	1 year 29 days	2 years 7 days	2 years 10 months 17 days
Options exercisable	1 year 29 days	2 years 7 days	2 years 10 months 17 days
Aggregate Intrinsic Value
Outstanding at end of period	$ 3,586	$ 5,270	$ 3,012
Options exercisable	$ 3,586	$ 5,270	$ 3,012

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of RSUs Issued under Equity Incentive Plan (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Shares
Nonvested at beginning of period, Shares	139,278	114,320	149,766
New RSUs, Shares	159,186	157,494	119,438
Shares vested and issued, Shares	(103,741)	(132,536)	(154,884)
Nonvested at end of period, Shares	194,723	139,278	114,320
Weighted Average Grant Date Fair Value
Nonvested at end of period, Shares	$ 15.69	$ 17.51	$ 14.73
New RSUs, Weighted-Average Grant Date Fair Value	15.26	15.18	18.03
Shares vested and issued, Weighted-Average Grant Date Fair Value	15.74	16.65	15.23
Nonvested at end of period, Weighted-Average Grant Date Fair Value	$ 15.32	$ 15.69	$ 17.51

401(k) Profit Sharing Plan (Det

401(k) Profit Sharing Plan (Details) - USD ($)	12 Months Ended
401(k) Profit Sharing Plan (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
401(k) profit sharing plan
Duration to join 401k Plan	3 months
Employee contribution on compensation, maximum	100.00%
Percentage of employees' annual contribution, eligible for employers match	100.00%	100.00%	100.00%
Additional percentage of employees' annual contribution, eligible for employers match	50.00%	50.00%	50.00%
Percentage of employees' annual contribution matched	3.00%	3.00%	3.00%
Additional percentage of employees' annual contribution matched	2.00%	2.00%	2.00%
Employer contribution amount	$ 1,800,000	$ 1,900,000	$ 1,700,000
Deferred Profit Sharing
401(k) profit sharing plan
Employer contribution amount	$ 0	$ 0	$ 0

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current expense:
Federal													$ 23,316	$ 15,411	$ 10,168
State													12,661	7,922	5,768
Deferred expense (benefit):
Federal													(1,315)	(235)	919
State													(264)	162	273
Total	$ 9,567	$ 12,177	$ 7,258	$ 5,396	$ 6,505	$ 6,892	$ 5,095	$ 4,768	$ 5,726	$ 6,147	$ 1,657	$ 3,598	$ 34,398	$ 23,260	$ 17,128

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Statutory Income Taxes and Effective Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Federal statutory income tax rate													21.00%	21.00%	21.00%
State tax, net of Federal benefit, rate													8.09%	8.06%	8.12%
Windfall benefit - exercise of stock options, rate													(0.10%)		(1.36%)
Low income housing, net benefit, rate													(0.54%)
Tax exempt, interest income, rate													(0.12%)
Other items, net, rate													0.63%	0.20%	0.75%
Effective income tax rate													28.96%	29.26%	28.51%
Income before taxes	$ 31,933	$ 43,115	$ 25,112	$ 18,607	$ 21,719	$ 24,248	$ 17,505	$ 16,027	$ 19,855	$ 20,854	$ 6,803	$ 12,574	$ 118,767	$ 79,499	$ 60,086
Federal statutory income tax, amount													24,941	16,695	12,618
State tax, net of Federal benefit, amount													9,612	6,405	4,876
Windfall benefit - exercise of stock options, amount													(118)		(816)
Low income housing, net benefit, amount													(638)
Income Tax Reconciliation Tax Exempt Interest Income													(150)
Other items, net, amount													751	160	450
Total	$ 9,567	$ 12,177	$ 7,258	$ 5,396	$ 6,505	$ 6,892	$ 5,095	$ 4,768	$ 5,726	$ 6,147	$ 1,657	$ 3,598	$ 34,398	$ 23,260	$ 17,128

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Assets Recognized (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets (liabilities)
Allowance for credit and REO losses	$ 8,546	$ 6,576
Operating loss carryforwards	1,924	2,060
State taxes	2,611	1,573
Stock-based compensation	558	472
Market valuation: Acquired loans and REO	2,438	3,890
Capital activities - mark to market	847	846
Compensation related	1,210	773
Core deposit intangible	(1,977)	(2,525)
Prepaid expenses	(1,234)	(838)
Depreciation	(1,014)	(853)
Accumulated other comprehensive income	(5,824)	(1,769)
Other	518	874
Net deferred tax assets	$ 8,603	$ 11,079

Income Taxes - Operating loss c

Income Taxes - Operating loss carryforwards (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Operating loss carryforwards
Operating loss carryfowards, utilization amount	$ 6.7
Tax Year 2012
Operating loss carryforwards
Operating loss carryforwards	13.4
Operating loss carryfowards, utilization amount	$ 8.2
Operating loss carryforwards, utilization period	20 years
Tax Year 2015
Operating loss carryforwards
Operating loss carryforwards	$ 3.9
Tax Year 2017
Operating loss carryforwards
Operating loss carryforwards	0.7
Tax Year 2018
Operating loss carryforwards
Operating loss carryforwards	$ 3.3

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2019
Lessee Lease Description [Line Items]
Operating lease, existence of options to renew	true
Right of use asset	$ 14,387
Operating lease liability	15,650
Lease expense	$ 6,100	$ 5,900	$ 5,800
ASU 2016-02
Lessee Lease Description [Line Items]
Right of use asset				$ 21,100
Operating lease liability				22,700
Deferred rent liability eliminated				$ 1,600

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Supplemental Lease Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Balance Sheet:
Operating lease asset classified as other assets	$ 14,387
Operating Lease Right of Use Asset Statement of Financial Position [Extensible List]	us-gaap:OtherAssets
Operating lease liability classified as other liabilities	$ 15,650
Operating Lease Liability Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities
Income Statement:
Operating lease cost classified as occupancy and equipment expense	$ 6,082
Weighted average lease term, in years	5 years 10 days
Weighted average discount rate	5.39%
Operating cash flows	$ 6,278

Commitments and Contingencies_3

Commitments and Contingencies - Summary of Maturity of Remaining Lease Liabilities (Details) $ in Thousands	Dec. 31, 2020USD ($)
Leases [Abstract]
2021	$ 6,392
2022	5,361
2023	2,524
2024	2,143
2025 and after	2,198
Total future minimum lease payments	18,618
Discount on cash flows	2,968
Total lease liability	$ 15,650

Commitments and Contingencies_4

Commitments and Contingencies - Off Balance Sheet Arrangements of Bank (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies
Commitments to fund new loans	$ 36,143	$ 54,687
Commitments to fund under existing loans, lines of credit	517,169	473,646
Commitments under standby letters of credit	$ 15,589	$ 10,769

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Details) $ in Thousands	12 Months Ended
Derivatives and Hedging Activities (Details) $ in Thousands	Dec. 31, 2020USD ($)agreement	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)agreement	Jun. 30, 2018USD ($)agreement
Derivatives Fair Value [Line Items]
Number of derivative agreements \| agreement	0
Loan interest income	$ 216,798	$ 220,951	$ 186,211
Gain on sale of loans	$ 15,140	$ 4,218	419
Swap Agreements
Derivatives Fair Value [Line Items]
Derivative instrument, notional amounts			$ 500,000	$ 652,000
Number of derivative agreements \| agreement			2	4
Gain on sale of loans			$ 5,900
Reduction in interest income			$ 800

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Schedule of Fair Value Hedge Accounting on the Consolidated Income Statement (Details) - Interest Rate Contracts - Fair Value Hedging - Interest Income - Loans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments Gain Loss [Line Items]
Gain or (Loss) on fair value hedge instruments	$ 12,102	$ 25,006
Derivatives Designated as Hedging Instruments
Derivative Instruments Gain Loss [Line Items]
Gain or (Loss) on fair value hedge instruments	$ (11,476)	$ (19,883)

Related Party Transactions (Det

Related Party Transactions (Details)	12 Months Ended
Related Party Transactions (Details)	Dec. 31, 2020USD ($)item	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)item	Dec. 31, 2017USD ($)
Related Party Transactions
Gain on sale of loans	$ 15,140,000	$ 4,218,000	$ 419,000
Directors, executive officers and affiliates
Related Party Transactions
Deposits from related parties	4,100,000	2,800,000
Interest paid	22,000	30,000	$ 11,000
Assets under management	8,100,000
Fees amount received	$ 100,000	$ 100,000
First Foundation Bank
Related Party Transactions
Number of executive officers \| item	2	2	2
Minority interests of executive officers	$ 300,000		$ 200,000
Chief Executive Officer
Related Party Transactions
Interest paid		$ 200,000
Purchase of loans	45,700,000	45,500,000	52,100,000	$ 121,900,000
Gain on sale of loans			$ 200,000
Loans serviced for other financial institution	172,000,000
Interest on loan	200,000	$ 700,000
Loans and leases, participating sub debt offering				$ 15,000,000
Gain on loans and leases, participating sub debt offering	$ 800,000

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Capital and Capital Ratios (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
FFI
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
CET1 capital ratio, Actual Amount	$ 589,276	$ 513,083
Tier 1 leverage/(core) ratio, Actual Amount	589,276	513,083
Tier 1 risk-based capital ratio, Actual Amount	589,276	513,083
Total risk-based capital ratio, Actual Amount	$ 620,700	$ 537,048
CET1 capital ratio, Actual Ratio	11.55%	10.65%
Tier 1 leverage/(core) ratio, Actual Ratio	8.93%	8.25%
Tier 1 risk-based capital ratio, Actual Ratio	11.55%	10.65%
Total risk-based capital ratio, Actual Ratio	12.17%	11.15%
CET1 capital ratio, For Capital Adequacy Purposes Amount	$ 229,490	$ 216,782
Tier 1 leverage/(core) ratio, For Capital Adequacy Purposes Amount	263,986	248,798
Tier 1 risk-based capital ratio, For Capital Adequacy Purposes Amount	305,987	289,043
Total risk-based capital ratio, For Capital Adequacy Purposes Amount	$ 407,982	$ 385,390
CET1 capital ratio, For Capital Adequacy Purposes Ratio	4.50%	4.50%
Tier 1 leverage/(core) ratio, For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 risk-based capital ratio, For Capital Adequacy Purposes Ratio	6.00%	6.00%
Total risk-based capital ratio, For Capital Adequacy Purposes Ratio	8.00%	8.00%
FFB
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
CET1 capital ratio, Actual Amount	$ 591,171	$ 510,142
Tier 1 leverage/(core) ratio, Actual Amount	591,171	510,142
Tier 1 risk-based capital ratio, Actual Amount	591,171	510,142
Total risk-based capital ratio, Actual Amount	$ 622,595	$ 534,107
CET1 capital ratio, Actual Ratio	11.63%	10.62%
Tier 1 leverage/(core) ratio, Actual Ratio	8.98%	8.22%
Tier 1 risk-based capital ratio, Actual Ratio	11.63%	10.62%
Total risk-based capital ratio, Actual Ratio	12.25%	11.12%
CET1 capital ratio, For Capital Adequacy Purposes Amount	$ 228,703	$ 216,063
Tier 1 leverage/(core) ratio, For Capital Adequacy Purposes Amount	263,330	248,119
Tier 1 risk-based capital ratio, For Capital Adequacy Purposes Amount	304,938	288,084
Total risk-based capital ratio, For Capital Adequacy Purposes Amount	$ 406,583	$ 384,112
CET1 capital ratio, For Capital Adequacy Purposes Ratio	4.50%	4.50%
Tier 1 leverage/(core) ratio, For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 risk-based capital ratio, For Capital Adequacy Purposes Ratio	6.00%	6.00%
Total risk-based capital ratio, For Capital Adequacy Purposes Ratio	8.00%	8.00%
CET1 capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	$ 330,349	$ 312,091
Tier 1 leverage/(core) ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	329,162	310,148
Tier 1 risk-based capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	406,583	384,112
Total risk-based capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	$ 508,229	$ 480,140
CET1 leverage ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 leverage/(core) ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Tier 1 risk-based capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Total risk-based capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%

Regulatory Matters - Additional

Regulatory Matters - Additional Information (Details) $ in Millions	Dec. 31, 2020USD ($)
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital buffer against risk weighted assets cumulative	2.50%
First Foundation Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
CET1 capital ratio, to be well-capitalized amount	$ 261
Tier 1 leverage ratio, to be well-capitalized amount	262
Tier 1 risk-based capital ratio, to be well-capitalized amount	185
Excess total risk-based capital ratio, to be well-capitalized amount	$ 114

Regulatory Matters - Schedule_2

Regulatory Matters - Schedule of Minimum Capital Ratios Plus the Applicable Increment of the Capital Conservation (Details)	Jan. 01, 2019
Regulatory Matters
CET-1 to risk-weighted assets	7.00%
Tier 1 capital (i.e., CET-1 plus Additional Tier 1) to risk-weighted assets	8.50%
Total capital (i.e., Tier 1 plus Tier 2) to risk-weighted assets	10.50%

Noninterest Income (Details)

Noninterest Income (Details) - USD ($) $ in Thousands	12 Months Ended
Noninterest Income (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation Of Revenue [Line Items]
Revenue from contract with customers	$ 29,465	$ 28,658	$ 28,748
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Other income	$ 10,042	$ 8,900	$ 6,604
Wealth Management
Disaggregation Of Revenue [Line Items]
Revenue from contract with customers	23,413	23,067	24,430
Trust Fees
Disaggregation Of Revenue [Line Items]
Revenue from contract with customers	5,645	5,124	3,833
Consulting Fees
Disaggregation Of Revenue [Line Items]
Revenue from contract with customers	407	467	485
Deposit Fees
Disaggregation Of Revenue [Line Items]
Other income	1,236	1,070	838
Loan Related Fees
Disaggregation Of Revenue [Line Items]
Other income	8,334	6,667	4,421
Other
Disaggregation Of Revenue [Line Items]
Other income	$ 472	$ 1,163	$ 1,345

Noninterest Income - Additional

Noninterest Income - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Asset Management Fees \| Other Assets
Disaggregation Of Revenue [Line Items]
Receivables from contract with customers	$ 8.7	$ 1	$ 1.8

Other Expenses (Details)

Other Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
Other Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Expenses
Regulatory assessments	$ 3,817	$ 3,969	$ 3,652
Directors' compensation expenses	$ 639	628	596
Acquisition expenses		$ (490)	$ 3,794

Segment Reporting (Details)

Segment Reporting (Details) - segment	12 Months Ended
Segment Reporting (Details) - segment	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting
Reportable business segments	2	2	2

Segment Reporting - Key Operati

Segment Reporting - Key Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Interest income	$ 57,930	$ 61,691	$ 61,932	$ 62,338	$ 62,294	$ 62,614	$ 63,308	$ 60,544	$ 57,442	$ 58,047	$ 48,498	$ 43,319	$ 243,891	$ 248,760	$ 207,306
Interest expense	6,218	10,074	13,485	17,470	18,406	19,482	21,421	19,497	16,077	14,321	12,247	9,051	47,247	78,806	51,696
Net interest income	51,712	51,617	48,447	44,868	43,888	43,132	41,887	41,047	41,365	43,726	36,251	34,268	196,644	169,954	155,610
Provision for loan losses	(233)	1,548	1,367	4,064	694	172	1,231	540	73	9	2,450	1,688	6,746	2,637	4,220
Noninterest income	11,362	23,641	8,969	10,675	10,198	13,982	9,131	8,465	8,701	11,104	6,984	8,982	54,647	41,776	35,771
Noninterest expense	31,374	30,595	30,937	32,872	31,673	32,694	32,282	32,945	30,138	33,967	33,982	28,988	125,778	129,594	127,075
Income before taxes on income	$ 31,933	$ 43,115	$ 25,112	$ 18,607	$ 21,719	$ 24,248	$ 17,505	$ 16,027	$ 19,855	$ 20,854	$ 6,803	$ 12,574	118,767	79,499	60,086
Operating Segments \| Banking
Segment Reporting Information [Line Items]
Interest income													243,891	248,760	207,306
Interest expense													47,078	78,450	49,935
Net interest income													196,813	170,310	157,371
Provision for loan losses													6,746	2,637	4,220
Noninterest income													31,567	18,844	11,322
Noninterest expense													102,019	104,367	100,778
Income before taxes on income													119,615	82,150	63,695
Operating Segments \| Wealth Management
Segment Reporting Information [Line Items]
Noninterest income													24,510	24,136	25,247
Noninterest expense													21,778	21,931	21,670
Income before taxes on income													2,732	2,205	3,577
Other.
Segment Reporting Information [Line Items]
Interest expense													169	356	1,761
Net interest income													(169)	(356)	(1,761)
Noninterest income													(1,430)	(1,204)	(798)
Noninterest expense													1,981	3,296	4,627
Income before taxes on income													$ (3,580)	$ (4,856)	$ (7,186)

Segment Reporting - Financial P

Segment Reporting - Financial Position For Each of Our Business Segments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 629,707	$ 65,387
Securities AFS, net	807,426	1,014,966
Loans held for sale	505,404	503,036
Loans, net	4,779,599	4,526,833
Premises and equipment	8,012	8,355
FHLB Stock	17,250	21,519
Deferred taxes	8,603	11,079
REO			$ 815
Goodwill and intangibles	95,296	97,191
Other assets	105,863	66,070
Total Assets	6,957,160	6,314,436
Deposits	5,913,433	4,891,144
Borrowings	269,000	743,000
Other liabilities	79,016	66,423
Shareholders' equity	695,711	613,869	$ 559,184	$ 394,951
Total Liabilities and Shareholders' Equity	6,957,160	6,314,436
Operating Segments \| Banking
Segment Reporting Information [Line Items]
Cash and cash equivalents	629,066	65,083
Securities AFS, net	807,426	1,014,966
Loans held for sale	505,404	503,036
Loans, net	4,779,599	4,526,833
Premises and equipment	7,313	7,561
FHLB Stock	17,250	21,519
Deferred taxes	8,663	10,778
Goodwill and intangibles	95,296	97,191
Other assets	91,702	51,229
Total Assets	6,941,719	6,298,196
Deposits	5,919,155	4,902,958
Borrowings	255,000	733,000
Intercompany balances	4,493	3,111
Other liabilities	65,423	48,159
Shareholders' equity	697,648	610,968
Total Liabilities and Shareholders' Equity	6,941,719	6,298,196
Operating Segments \| Wealth Management
Segment Reporting Information [Line Items]
Cash and cash equivalents	1,671	5,054
Premises and equipment	563	658
Deferred taxes	186	133
Other assets	314	445
Total Assets	2,734	6,290
Intercompany balances	(3,519)	469
Other liabilities	3,808	3,400
Shareholders' equity	2,445	2,421
Total Liabilities and Shareholders' Equity	2,734	6,290
Other Segment
Segment Reporting Information [Line Items]
Cash and cash equivalents	4,692	7,064
Premises and equipment	136	136
Deferred taxes	(246)	168
Other assets	713,940	627,785
Total Assets	718,522	635,153
Borrowings	14,000	10,000
Intercompany balances	(974)	(3,580)
Other liabilities	9,785	14,864
Shareholders' equity	695,711	613,869
Total Liabilities and Shareholders' Equity	718,522	635,153
Intersegment Eliminations
Segment Reporting Information [Line Items]
Cash and cash equivalents	(5,722)	(11,814)
Other assets	(700,093)	(613,389)
Total Assets	(705,815)	(625,203)
Deposits	(5,722)	(11,814)
Shareholders' equity	(700,093)	(613,389)
Total Liabilities and Shareholders' Equity	$ (705,815)	$ (625,203)

Quarterly Financial Informati_3

Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information (Unaudited)
Interest income	$ 57,930	$ 61,691	$ 61,932	$ 62,338	$ 62,294	$ 62,614	$ 63,308	$ 60,544	$ 57,442	$ 58,047	$ 48,498	$ 43,319	$ 243,891	$ 248,760	$ 207,306
Interest expense	6,218	10,074	13,485	17,470	18,406	19,482	21,421	19,497	16,077	14,321	12,247	9,051	47,247	78,806	51,696
Net interest income	51,712	51,617	48,447	44,868	43,888	43,132	41,887	41,047	41,365	43,726	36,251	34,268	196,644	169,954	155,610
Provision for credit losses - loans	(233)	1,548	1,367	4,064	694	172	1,231	540	73	9	2,450	1,688	6,746	2,637	4,220
Noninterest income	11,362	23,641	8,969	10,675	10,198	13,982	9,131	8,465	8,701	11,104	6,984	8,982	54,647	41,776	35,771
Noninterest expense	31,374	30,595	30,937	32,872	31,673	32,694	32,282	32,945	30,138	33,967	33,982	28,988	125,778	129,594	127,075
Income before taxes on income	31,933	43,115	25,112	18,607	21,719	24,248	17,505	16,027	19,855	20,854	6,803	12,574	118,767	79,499	60,086
Taxes on income	9,567	12,177	7,258	5,396	6,505	6,892	5,095	4,768	5,726	6,147	1,657	3,598	34,398	23,260	17,128
Net income	$ 22,366	$ 30,938	$ 17,854	$ 13,211	$ 15,214	$ 17,356	$ 12,410	$ 11,259	$ 14,129	$ 14,707	$ 5,146	$ 8,976	$ 84,369	$ 56,239	$ 42,958
Net income per share:
Basic	$ 0.50	$ 0.69	$ 0.40	$ 0.30	$ 0.34	$ 0.39	$ 0.28	$ 0.25	$ 0.32	$ 0.33	$ 0.13	$ 0.23	$ 1.89	$ 1.26	$ 1.02
Diluted	$ 0.50	$ 0.69	$ 0.40	$ 0.29	$ 0.34	$ 0.39	$ 0.28	$ 0.25	$ 0.31	$ 0.33	$ 0.12	$ 0.23	$ 1.88	$ 1.25	$ 1.01

Parent Only Financial Stateme_3

Parent Only Financial Statements - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 629,707	$ 65,387
Premises and equipment, net	8,012	8,355
Other assets	105,863	66,070
Total Assets	6,957,160	6,314,436
Liabilities:
Borrowings	269,000	743,000
Accounts payable and other liabilities	79,016	66,423
Total Liabilities	6,261,449	5,700,567
Shareholders' Equity
Common Stock	45	45
Additional paid-in-capital	433,941	433,775
Retained earnings	247,638	175,773
Accumulated other comprehensive income (loss)	14,087	4,276
Total Shareholders' Equity	695,711	613,869	$ 559,184	$ 394,951
Total Liabilities and Shareholders' Equity	6,957,160	6,314,436
FFI
ASSETS
Cash and cash equivalents	4,692	7,064
Premises and equipment, net	136	136
Deferred taxes	(246)	168
Investment in subsidiaries	700,093	613,389
Intercompany receivable	974	3,580
Other assets	13,847	14,396
Total Assets	719,496	638,733
Liabilities:
Borrowings	14,000	10,000
Accounts payable and other liabilities	9,785	14,864
Total Liabilities	23,785	24,864
Shareholders' Equity
Common Stock	45	45
Additional paid-in-capital	433,941	433,775
Retained earnings	247,638	175,773
Accumulated other comprehensive income (loss)	14,087	4,276
Total Shareholders' Equity	695,711	613,869
Total Liabilities and Shareholders' Equity	$ 719,496	$ 638,733

Parent Only Financial Stateme_4

Parent Only Financial Statements - Income Statements (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest expense-borrowings													$ 7,815	$ 14,624	$ 12,920
Noninterest income:
Other income													10,042	8,900	6,604
Total noninterest income	$ 11,362	$ 23,641	$ 8,969	$ 10,675	$ 10,198	$ 13,982	$ 9,131	$ 8,465	$ 8,701	$ 11,104	$ 6,984	$ 8,982	54,647	41,776	35,771
Noninterest expense:
Compensation and benefits													73,868	69,933	67,508
Occupancy and depreciation													23,892	20,905	19,779
Professional services and marketing costs													8,045	7,417	8,583
Other expenses													12,528	13,481	16,128
Total noninterest expense	31,374	30,595	30,937	32,872	31,673	32,694	32,282	32,945	30,138	33,967	33,982	28,988	125,778	129,594	127,075
Income before taxes on income	31,933	43,115	25,112	18,607	21,719	24,248	17,505	16,027	19,855	20,854	6,803	12,574	118,767	79,499	60,086
Taxes on income	9,567	12,177	7,258	5,396	6,505	6,892	5,095	4,768	5,726	6,147	1,657	3,598	34,398	23,260	17,128
Net income	$ 22,366	$ 30,938	$ 17,854	$ 13,211	$ 15,214	$ 17,356	$ 12,410	$ 11,259	$ 14,129	$ 14,707	$ 5,146	$ 8,976	84,369	56,239	42,958
FFI
Interest expense-borrowings													169	356	1,761
Noninterest income:
Earnings from investment in subsidiaries													86,909	59,660	48,153
Other income													(97)	82	194
Total noninterest income													86,812	59,742	48,347
Noninterest expense:
Compensation and benefits													1,343	1,517	1,395
Occupancy and depreciation													112	178	197
Professional services and marketing costs													848	1,842	2,790
Other expenses													1,011	1,045	1,237
Total noninterest expense													3,314	4,582	5,619
Income before taxes on income													83,329	54,804	40,967
Taxes on income													(1,040)	(1,435)	(1,991)
Net income													$ 84,369	$ 56,239	$ 42,958

Parent Only Financial Stateme_5

Parent Only Financial Statements - Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 22,366	$ 30,938	$ 17,854	$ 13,211	$ 15,214	$ 17,356	$ 12,410	$ 11,259	$ 14,129	$ 14,707	$ 5,146	$ 8,976	$ 84,369	$ 56,239	$ 42,958
Other comprehensive income:
Unrealized holding gains on securities arising during the period													13,866	7,674	5,567
Other comprehensive income before tax													13,866	7,674	5,567
Income tax expense related to items of other comprehensive income													(4,055)	(2,021)	(1,629)
Other comprehensive income													9,811	5,653	3,938
Less: Reclassification adjustment for gains (loss) included in net earnings														(316)
Income tax (expense) benefit related to reclassification adjustment														92
Reclassification adjustment for gains included in net earnings, net of tax														(224)
Other comprehensive income (loss), net of tax													9,811	5,429	3,938
Total comprehensive income													94,180	61,668	46,896
FFI
Net income													84,369	56,239	42,958
Other comprehensive income:
Unrealized holding gains on securities arising during the period													13,866	7,674	5,567
Other comprehensive income before tax													13,866	7,674	5,567
Income tax expense related to items of other comprehensive income													(4,055)	(2,021)	(1,629)
Other comprehensive income													9,811	5,653	3,938
Less: Reclassification adjustment for gains (loss) included in net earnings														(316)
Income tax (expense) benefit related to reclassification adjustment														92
Reclassification adjustment for gains included in net earnings, net of tax														(224)
Other comprehensive income (loss), net of tax													9,811	5,429	3,938
Total comprehensive income													$ 94,180	$ 61,668	$ 46,896

Parent Only Financial Stateme_6

Parent Only Financial Statements - Statements of Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities:
Net income	$ 84,369	$ 56,239	$ 42,958
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock-based compensation expense	2,075	1,633	2,637
Deferred tax liability (benefit)	(1,578)	(73)	1,192
Increase in other assets	(38,899)	(1,352)	(3,260)
Increase (decrease) in accounts payable and other liabilities	12,593	5,929	4,436
Net cash provided by operating activities	67,442	60,437	50,981
Cash Flows from Investing Activities:
Dividends paid	(12,504)	(8,927)
Net cash provided by (used in) investing activities	(24,896)	(427,039)	(679,550)
Cash Flows from Financing Activities:
Proceeds from the sale of stock, net	915	334	13,698
Repurchase of stock	(2,824)	(23)	(497)
Net cash provided by financing activities	521,774	364,677	575,487
Increase in cash and cash equivalents	564,320	(1,925)	(53,082)
Cash and cash equivalents at beginning of year	65,387	67,312	120,394
Cash and cash equivalents at end of period	629,707	65,387	67,312
FFI
Cash Flows from Operating Activities:
Net income	84,369	56,239	42,958
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Earnings from investment in subsidiaries	(86,909)	(59,660)	(48,153)
Stock-based compensation expense	98	90	65
Deferred tax liability (benefit)	414	75	(280)
Increase in other assets	549	(322)	32
Increase (decrease) in accounts payable and other liabilities	(5,079)	(46)	(547)
Net cash provided by operating activities	(6,558)	(3,624)	(5,925)
Cash Flows from Investing Activities:
Investment in subsidiaries		(10,000)
Dividend from subsidiary	12,000	17,000	32,000
Dividends paid	(12,504)	(8,927)
Net cash provided by (used in) investing activities	(504)	(1,927)	32,000
Cash Flows from Financing Activities:
Proceeds from borrowings	4,000	5,000
Paydowns of borrowings			(45,000)
Proceeds from the sale of stock, net	908	334	13,698
Repurchase of stock	(2,824)	(23)	(497)
Intercompany accounts, net decrease (increase)	2,606	576	(212)
Net cash provided by financing activities	4,690	5,887	(32,011)
Increase in cash and cash equivalents	(2,372)	336	(5,936)
Cash and cash equivalents at beginning of year	7,064	6,728	12,664
Cash and cash equivalents at end of period	$ 4,692	$ 7,064	$ 6,728

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event	Jan. 26, 2021$ / shares
Subsequent Event [Line Items]
Dividends payable, date declared	Jan. 26, 2021
Dividends payable, amount per share	$ 0.09
Dividends payable, date to be paid	Feb. 15, 2021
Dividends payable, date of record	Feb. 5, 2021