First Foundation (FFWM) 10-Q6 Aug 212021 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2021	Aug. 03, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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	200 Crescent Court
Entity Address, Address Line Two	Suite 1400
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75201
City Area Code	469
Local Phone Number	638-9636
Title of 12(b) Security	Common Stock
Trading Symbol	FFWM
Security Exchange Name	NASDAQ
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		44,819,743
Amendment Flag	false
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001413837

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 969,646	$ 629,707
Securities available-for-sale ("AFS")	745,850	814,671
Allowance for credit losses - investments	(9,116)	(7,245)
Net securities	736,734	807,426
Loans held for sale	498,319	505,404
Loans held for investment	5,512,888	4,803,799
Allowance for credit losses - loans	(22,272)	(24,200)
Net loans	5,490,616	4,779,599
Investment in FHLB stock	17,250	17,250
Deferred taxes	9,618	8,603
Premises and equipment, net	8,183	8,012
Goodwill and intangibles	94,454	95,296
Other assets	114,314	105,863
Total Assets	7,939,134	6,957,160
Liabilities:
Deposits	7,106,802	5,913,433
Borrowings	20,000	269,000
Accounts payable and other liabilities	78,314	79,016
Total Liabilities	7,205,116	6,261,449
Shareholders' Equity
Common Stock	45	45
Additional paid-in-capital	435,201	433,941
Retained earnings	287,997	247,638
Accumulated other comprehensive income (loss)	10,775	14,087
Total Shareholders' Equity	734,018	695,711
Total Liabilities and Shareholders' Equity	$ 7,939,134	$ 6,957,160

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income:
Loans	$ 55,979	$ 55,134	$ 109,510	$ 110,018
Securities AFS	4,927	6,539	10,133	13,536
FHLB stock, fed funds sold and interest-bearing deposits	497	259	898	716
Total interest income	61,403	61,932	120,541	124,270
Interest expense:
Deposits	3,387	10,914	8,010	25,560
Borrowings	106	2,571	392	5,395
Total interest expense	3,493	13,485	8,402	30,955
Net interest income	57,910	48,447	112,139	93,315
Provision for credit losses	44	1,367	404	5,431
Net interest income after provision for credit losses	57,866	47,080	111,735	87,884
Noninterest income:
Asset management, consulting and other fees	$ 8,748	$ 6,733	$ 17,097	$ 14,495
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans	$ 3,324		$ 3,324
Other income	1,963	$ 2,236	5,522	$ 5,149
Total noninterest income	14,035	8,969	25,943	19,644
Noninterest expense:
Compensation and benefits	20,203	18,288	41,729	38,145
Occupancy and depreciation	5,710	5,855	11,870	11,367
Professional services and marketing costs	3,907	2,049	6,029	3,803
Customer service costs	2,353	1,622	4,123	3,994
Other expenses	3,444	3,123	6,377	6,500
Total noninterest expense	35,617	30,937	70,128	63,809
Income before taxes on income	36,284	25,112	67,550	43,719
Taxes on income	10,230	7,258	19,141	12,654
Net income	$ 26,054	$ 17,854	$ 48,409	$ 31,065
Net income per share:
Basic	$ 0.58	$ 0.40	$ 1.08	$ 0.70
Diluted	$ 0.58	$ 0.40	$ 1.07	$ 0.69
Shares used in computation:
Basic	44,792,358	44,620,716	44,750,272	44,645,189
Diluted	45,101,958	44,812,369	45,057,330	44,882,520

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - UNAUDITED - USD ($) $ in Thousands	Common Stock	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning balance at Dec. 31, 2019	$ 45	$ 433,775	$ 175,773	$ 4,276	$ 613,869
Beginning balance (in shares) at Dec. 31, 2019	44,670,743
Net income			31,065		31,065
Other comprehensive income (loss)				1,027	1,027
Stock based compensation		1,195			1,195
Cash dividend			(6,256)		(6,256)
Exercise of options		645			645
Exercise of options (in shares)	86,000
Stock grants - vesting of restricted stock units (in shares)	92,915
Repurchase of shares from restricted shares vesting		(2,824)			(2,824)
Repurchase of shares from restricted shares vesting (in shares)	(224,334)
Ending balance at Jun. 30, 2020	$ 45	432,791	200,582	5,303	638,721
Ending balance (in shares) at Jun. 30, 2020	44,625,324
Beginning balance at Mar. 31, 2020	$ 45	432,363	185,852	4,823	623,083
Beginning balance (in shares) at Mar. 31, 2020	44,615,466
Net income			17,854		17,854
Other comprehensive income (loss)				480	480
Stock based compensation		428			428
Cash dividend			(3,124)		(3,124)
Stock grants - vesting of restricted stock units (in shares)	9,858
Ending balance at Jun. 30, 2020	$ 45	432,791	200,582	5,303	638,721
Ending balance (in shares) at Jun. 30, 2020	44,625,324
Beginning balance at Dec. 31, 2020	$ 45	433,941	247,638	14,087	695,711
Beginning balance (in shares) at Dec. 31, 2020	44,667,650
Net income			48,409		48,409
Other comprehensive income (loss)				(3,312)	(3,312)
Stock based compensation		1,629			1,629
Cash dividend			(8,050)		(8,050)
Exercise of options		819			819
Exercise of options (in shares)	75,807
Stock grants - vesting of restricted stock units (in shares)	117,223
Repurchase of shares from restricted shares vesting		(1,188)			(1,188)
Repurchase of shares from restricted shares vesting (in shares)	(40,937)
Ending balance at Jun. 30, 2021	$ 45	435,201	287,997	10,775	734,018
Ending balance (in shares) at Jun. 30, 2021	44,819,743
Beginning balance at Mar. 31, 2021	$ 45	434,346	265,970	14,069	714,430
Beginning balance (in shares) at Mar. 31, 2021	44,782,155
Net income			26,054		26,054
Other comprehensive income (loss)				(3,294)	(3,294)
Stock based compensation		634			634
Cash dividend			(4,027)		(4,027)
Exercise of options		465			465
Exercise of options (in shares)	28,807
Stock grants - vesting of restricted stock units (in shares)	9,138
Repurchase of shares from restricted shares vesting		(244)			(244)
Repurchase of shares from restricted shares vesting (in shares)	(357)
Ending balance at Jun. 30, 2021	$ 45	$ 435,201	$ 287,997	$ 10,775	$ 734,018
Ending balance (in shares) at Jun. 30, 2021	44,819,743

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 26,054	$ 17,854	$ 48,409	$ 31,065
Other comprehensive income (loss):
Unrealized holding gains (losses) on securities arising during the period	(4,657)	678	(4,682)	1,450
Other comprehensive income (loss) before tax	(4,657)	678	(4,682)	1,450
Income tax expense (benefit) related to items of other comprehensive income	(1,363)	198	(1,370)	423
Other comprehensive income (loss)	(3,294)	480	(3,312)	1,027
Total comprehensive income	$ 22,760	$ 18,334	$ 45,097	$ 32,092

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash Flows from Operating Activities:
Net income		$ 48,409	$ 31,065
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses - loans		(1,467)	3,060
Provision for credit losses - securities AFS	$ 238	1,871	2,371	$ 7,245
Stock-based compensation expense		1,629	1,195
Depreciation and amortization		1,655	1,547
Deferred tax expense		355	1,462
Amortization of premium on securities		399
Amortization of core deposit intangible		842	1,010
Amortization of mortgage servicing rights - net		935	705
Amortization of premiums on purchased loans - net			(4,169)
Gain on sale of loans	(3,324)	(3,324)
Gain from hedging activities			(224)
Valuation allowance on mortgage servicing rights - net		1,309
Increase in other assets		(10,695)	(11,266)
Increase (decrease) in accounts payable and other liabilities		(1,264)	1,322
Net cash provided by operating activities		40,654	28,078
Cash Flows from Investing Activities:
Net increase in loans		(841,088)	(594,872)
Proceeds from sale of loans		142,000
Purchase of premises and equipment		(1,826)	(1,380)
Recovery of allowance for credit losses		509	564
Purchases of securities AFS		(83,372)	(6,757)
Proceeds from sale of securities		3,400
Maturities of securities AFS		143,712	155,376
Sale of FHLB stock, net			(2,079)
Net cash used in investing activities		(636,665)	(449,148)
Cash Flows from Financing Activities:
Increase in deposits		1,193,369	756,697
Net (decrease) increase in FHLB advances		(255,000)	21,600
Line of credit net change - borrowings (paydowns), net		6,000
Dividends paid		(8,050)	(6,256)
Proceeds from exercise of stock options		819	645
Repurchase of stock		(1,188)	(2,824)
Net cash provided by financing activities		935,950	769,862
Increase in cash and cash equivalents		339,939	348,792
Cash and cash equivalents at beginning of year		629,707	65,387	65,387
Cash and cash equivalents at end of period	$ 969,646	969,646	414,179	$ 629,707
Supplemental disclosures of cash flow information:
Income taxes		17,424	185
Interest		10,019	30,289
Noncash transactions:
Transfer of loans to loans held for sale		132,521	14,666
Chargeoffs against allowance for credit losses		$ 408	$ 1,055

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2021
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1: BASIS OF PRESENTATION The consolidated financial statements include First Foundation Inc. (“FFI”) and 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”), Blue Moon Management, LLC, and First Foundation Public Finance (“FFPF”) (collectively referred to as the “Company”). FFI also has two inactive wholly owned subsidiaries, First Foundation Consulting (“FFC”) and First Foundation Advisors, LLC (“FFA LLC”). All intercompany balances and transactions have been eliminated in consolidation. The results of operations reflect any interim adjustments, all of which are of a normal recurring nature and which, in the opinion of management, are necessary for a fair presentation of the results for the interim period presented. The results for the 2021 interim periods are not necessarily indicative of the results expected for the full year. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America 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 for the period. Actual results could differ significantly from those estimates. The accompanying unaudited consolidated financial statements include all information and footnotes required for interim financial statement presentation. These financial statements assume that readers have read the most recent Annual Report on Form 10-K which contains the latest available audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2020. Certain reclassifications have been made to the prior year consolidated financial statements to conform to the 2021 presentation. Recent 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”

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 2021
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 2: FAIR VALUE MEASUREMENTS 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. 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 June 30, 2021: Investment securities available for sale: Agency mortgage-backed securities $ 620,886 $ — $ 620,886 $ — Beneficial interest – FHLMC securitizations 15,496 — — 15,496 Corporate bonds 96,619 — 96,619 — Other 3,733 598 3,135 — Investment in equity securities 458 458 — — Total assets at fair value on a recurring basis $ 737,192 $ 1,056 $ 720,640 $ 15,496 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 The decrease in Level 3 assets from December 31, 2020 was due to securitization paydowns and to $1.9 million in provisions for credit losses in the first six months of 2021. Assets Measured at Fair Value on a Nonrecurring Basis From time to time, we may be required to measure other assets at fair value 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 of these loans, which considers internally-developed, unobservable inputs such as discount rates, default rates, and loss severity. When the fair value of the collateral is based on an observable market price or a current appraised value, we measure the impaired loan at nonrecurring Level 2. When an appraised value is not available, or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price or a discounted cash flow has been used to determine the fair value, we measure the impaired loan at nonrecurring Level 3. The total collateral dependent impaired Level 3 loans were $10.2 million and $3.1 million at June 30, 2021 and December 31, 2020, respectively. There were $1.2 million and $1.1 million in specific reserves related to these loans at June 30, 2021 and December 31, 2020. Real Estate Owned Mortgage Servicing Rights. Fair Value of Financial Instruments FASB ASC 825-10, “ Disclosures about Fair Value of Financial Instruments 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 Investment Securities Available for Sale Federal Home Loan Bank Stock. Loans Held For Sale. Loans Held for Investment Deposits Borrowings The carrying amounts and estimated fair values of financial instruments are as follows as of: Carrying Fair Value Measurement Level (dollars in thousands) Value 1 2 3 Total June 30, 2021: Assets: Cash and cash equivalents $ 969,646 $ 969,646 $ — $ — $ 969,646 Securities AFS, net 736,734 598 720,640 15,496 736,734 Loans held for sale 498,319 — 503,428 — 503,428 Loans, net 5,490,616 — — 5,547,016 5,547,016 Investment in FHLB stock 17,250 — 17,250 — 17,250 Investment in equity securities 458 458 — — 458 Liabilities: Deposits $ 7,106,802 $ 6,430,077 $ 683,504 $ — $ 7,113,581 Borrowings 20,000 — — 20,000 20,000 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

SECURITIES

SECURITIES	6 Months Ended
SECURITIES	Jun. 30, 2021
SECURITIES
SECURITIES	NOTE 3: SECURITIES The following table provides a summary of the Company’s securities AFS portfolio as of: Amortized Gross Unrealized Allowance for Estimated (dollars in thousands) Cost Gains Losses Credit Losses Fair Value June 30, 2021: Agency mortgage-backed securities $ 608,766 $ 13,054 $ (934) $ — $ 620,886 Beneficial interests in FHLMC securitization 24,199 413 — (9,116) 15,496 Corporate bonds 94,000 2,619 — — 96,619 Other 3,656 87 (10) — 3,733 Total $ 730,621 $ 16,173 $ (944) $ (9,116) $ 736,734 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 US Treasury securities of $0.6 million as of June 30, 2021 and 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 June 30, 2021, $186.8 million of agency mortgage-backed securities are pledged as collateral as support for the Bank’s obligations under loan sales and securitization agreements entered into from 2018 through 2020. The table below indicates, as of June 30, 2021, 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 June 30, 2021 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 $ 70,423 $ (933) $ — $ — $ 70,423 $ (933) Other 2,520 (11) — — 2,520 (11) Total temporarily impaired securities $ 72,943 $ (944) $ — $ — $ 72,943 $ (944) 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 roll forward of the Bank’s allowance for credit losses related to securities for the following periods: (dollars in thousands) Total Three Months Ended June 30, 2021: Beginning balance $ 8,878 Provision for credit losses 238 Balance: June 30, 2021 $ 9,116 Six Months Ended June 30, 2021: Beginning balance $ 7,245 Provision for credit losses 1,871 Balance: June 30, 2021 $ 9,116 Year Ended December 31, 2020: Beginning balance $ — Provision for credit losses 7,245 Balance: December 31, 2020 $ 7,245 The scheduled maturities of securities AFS and the related weighted average yields were as follows for the periods indicated: Less than 1 Through 5 Through After (dollars in thousands) 1 Year 5 years 10 Years 10 Years Total June 30, 2021 Amortized Cost: Corporate bonds $ — $ — $ 89,000 $ 5,000 $ 94,000 Other 100 1,526 2,030 — 3,656 Total $ 100 $ 1,526 $ 91,030 $ 5,000 $ 97,656 Weighted average yield 0.13 % 2.02 % 4.45 % 3.38 % 4.35 % Estimated Fair Value: Corporate bonds $ — $ — $ 91,550 $ 5,069 $ 96,619 Other 100 1,611 2,022 — 3,733 Total $ 100 $ 1,611 $ 93,572 $ 5,069 $ 100,352 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 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 as of June 30, 2021 and December 31, 2020 was 2.33% and 2.39%, respectively.

LOANS

LOANS	6 Months Ended
LOANS	Jun. 30, 2021
LOANS
LOANS	NOTE 4: LOANS The following is a summary of our loans as of: June 30, December 31, (dollars in thousands) 2021 2020 Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 2,814,446 $ 2,247,542 Single family 812,728 806,014 Total real estate loans secured by residential properties 3,627,174 3,053,556 Commercial properties 665,166 747,807 Land and construction 56,603 55,832 Total real estate loans 4,348,943 3,857,195 Commercial and industrial loans 1,142,766 918,676 Consumer loans 9,645 18,888 Total loans 5,501,354 4,794,759 Premiums, discounts and deferred fees and expenses 11,534 9,040 Total $ 5,512,888 $ 4,803,799 The following table summarizes our delinquent and nonaccrual loans as of: 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 June 30, 2021: Real estate loans: Residential properties $ 54 $ — $ — $ 10,757 $ 10,811 $ 3,628,857 $ 3,639,668 Commercial properties 776 — — 1,613 2,389 663,155 665,544 Land and construction — — — — — 56,565 56,565 Commercial and industrial loans 1,550 250 — 3,817 5,617 1,135,831 1,141,448 Consumer loans — — — — — 9,663 9,663 Total $ 2,380 $ 250 $ — $ 16,187 $ 18,817 $ 5,494,071 $ 5,512,888 Percentage of total loans 0.04 % 0.00 % — % 0.29 % 0.34 % 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 and construction — — — — — 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 % The following table summarizes our nonaccrual loans as of: Nonaccrual Nonaccrual with Allowance with no Allowance (dollars in thousands) for Credit Losses for Credit Losses June 30, 2021: Real estate loans: Residential properties $ 2,958 $ 7,799 Commercial properties — 1,613 Land and construction — — Commercial and industrial loans 1,881 1,936 Consumer loans — — Total $ 4,839 $ 11,348 December 31, 2020: Real estate loans: Residential properties $ 2,987 $ 7,959 Commercial properties — 4,544 Land and construction — — Commercial and industrial loans 2,581 2,557 Consumer loans — — Total $ 5,568 $ 15,060 The following table presents the loans classified as troubled debt restructurings (“TDR”) by accrual and nonaccrual status as of: June 30, 2021 December 31, 2020 (dollars in thousands) Accrual Nonaccrual Total Accrual Nonaccrual Total Residential loans $ 1,200 $ — $ 1,200 $ 1,200 $ — $ 1,200 Commercial real estate loans 1,064 1,228 2,292 1,107 1,277 2,384 Commercial and industrial loans 980 2,180 3,160 1,041 2,832 3,873 Total $ 3,244 $ 3,408 $ 6,652 $ 3,348 $ 4,109 $ 7,457 The following table provides information on loans that were modified as TDRs for the following periods: Outstanding Recorded Investment (dollars in thousands) Number of loans Pre-Modification Post-Modification Financial Impact Six Months Ended June 30, 2021: Commercial and industrial loans 1 $ 362 $ 362 $ — Total 1 $ 362 $ 362 $ — 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 $ — All of these loans were classified as a TDR as a result of a reduction in required principal payments and 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	6 Months Ended
ALLOWANCE FOR CREDIT LOSSES	Jun. 30, 2021
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES	NOTE 5: ALLOWANCE FOR CREDIT LOSSES The following is a roll forward of the Bank’s allowance for credit losses related to loans for the following periods: Beginning Adoption of Provision for Ending (dollars in thousands) Balance ASC 326 Credit Losses Charge-offs Recoveries Balance Three Months Ended June 30, 2021: Real estate loans: Residential properties $ 6,033 $ — $ 1,203 $ — $ — $ 7,236 Commercial properties 5,956 — (471) — — 5,485 Land and construction 3,962 — (1,978) — — 1,984 Commercial and industrial loans 7,062 — 487 (194) 103 7,458 Consumer loans 167 — (58) — — 109 Total $ 23,180 $ — $ (817) $ (194) $ 103 $ 22,272 Six Months Ended June 30, 2021: Real estate loans: Residential properties $ 5,115 $ — $ 2,121 $ — $ — $ 7,236 Commercial properties 8,711 — (3,226) — — 5,485 Land and construction 892 — 1,092 — — 1,984 Commercial and industrial loans 9,249 — (1,892) (408) 509 7,458 Consumer loans 233 — (124) — — 109 Total $ 24,200 $ — $ (2,029) $ (408) $ 509 $ 22,272 Year Ended December 31, 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 The following table presents the balance in the allowance for credit losses and the recorded investment in loans by impairment method as of: Allowance for Credit Losses Loans Evaluated (dollars in thousands) Individually Collectively Total June 30, 2021: Allowance for credit losses: Real estate loans: Residential properties $ 1,218 $ 6,152 $ 7,370 Commercial properties 437 4,999 5,436 Land and construction — 1,967 1,967 Commercial and industrial loans 710 6,681 7,391 Consumer loans — 108 108 Total $ 2,365 $ 19,907 $ 22,272 Loans: Real estate loans: Residential properties $ 16,556 $ 3,623,112 $ 3,639,668 Commercial properties 14,025 651,519 665,544 Land and construction — 56,565 56,565 Commercial and industrial loans 5,045 1,136,403 1,141,448 Consumer loans — 9,663 9,663 Total $ 35,626 $ 5,477,262 $ 5,512,888 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 and construction — 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 $ 3,041,142 $ 3,053,556 Commercial properties 17,304 730,503 747,807 Land and construction — 55,832 55,832 Commercial and industrial loans 6,472 912,204 918,676 Consumer loans — 18,888 18,888 Total $ 36,190 $ 4,758,569 $ 4,794,759 The following tables present risk categories of loans based on year of origination, as of: Revolving (dollars in thousands) 2021 2020 2019 2018 2017 Prior Loans Total June 30, 2021: Loans secured by Real Estate: Residential Multifamily Pass $ 664,743 $ 886,772 $ 568,896 $ 368,554 $ 203,307 $ 132,432 $ — $ 2,824,704 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 664,743 $ 886,772 $ 568,896 $ 368,554 $ 203,307 $ 132,432 $ — $ 2,824,704 Single Family Pass $ 157,457 $ 139,254 $ 64,441 $ 81,469 $ 72,746 $ 259,317 $ 23,699 $ 798,383 Special Mention — — — — — — 26 26 Substandard — — — — 1,910 11,353 3,292 16,555 Total $ 157,457 $ 139,254 $ 64,441 $ 81,469 $ 74,656 $ 270,670 $ 27,017 $ 814,964 Commercial Real Estate Pass $ 18,446 $ 39,848 $ 76,796 $ 100,255 $ 124,522 $ 268,611 $ — $ 628,478 Special Mention — — 10,678 10,740 — 937 — 22,355 Substandard — — 5,878 — 2,283 6,550 — 14,711 Total $ 18,446 $ 39,848 $ 93,352 $ 110,995 $ 126,805 $ 276,098 $ — $ 665,544 Land and construction Pass $ — $ 214 $ 16,623 $ 28,592 $ 10,538 $ 598 $ — $ 56,565 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ — $ 214 $ 16,623 $ 28,592 $ 10,538 $ 598 $ — $ 56,565 Commercial Pass $ 253,972 $ 237,331 $ 118,650 $ 29,284 $ 11,238 $ 26,668 $ 446,972 $ 1,124,115 Special Mention 715 1,473 1,080 1,246 — 134 3,048 7,696 Substandard — 1,114 1,927 1,063 230 2,615 2,688 9,637 Total $ 254,687 $ 239,918 $ 121,657 $ 31,593 $ 11,468 $ 29,417 $ 452,708 $ 1,141,448 Consumer Pass $ 77 $ 1,145 $ — $ 1,273 $ — $ 92 $ 7,076 $ 9,663 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 77 $ 1,145 $ — $ 1,273 $ — $ 92 $ 7,076 $ 9,663 Total loans Pass $ 1,094,695 $ 1,304,564 $ 845,406 $ 609,427 $ 422,351 $ 687,718 $ 477,747 $ 5,441,908 Special Mention 715 1,473 11,758 11,986 — 1,071 3,074 30,077 Substandard — 1,114 7,805 1,063 4,423 20,518 5,980 40,903 Total $ 1,095,410 $ 1,307,151 $ 864,969 $ 622,476 $ 426,774 $ 709,307 $ 486,801 $ 5,512,888 Revolving (dollars in thousands) 2020 2019 2018 2017 2016 Prior Loans Total December 31, 2020: Loans secured by Real Estate: Residential Multifamily Pass $ 774,701 $ 638,237 $ 469,866 $ 218,470 $ 82,941 $ 63,328 $ — $ 2,247,543 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 774,701 $ 638,237 $ 469,866 $ 218,470 $ 82,941 $ 63,328 $ — $ 2,247,543 Single Family Pass $ 173,563 $ 83,311 $ 110,560 $ 95,888 $ 107,568 $ 196,692 $ 25,014 $ 792,596 Special Mention — — — 986 — — — 986 Substandard — — — 1,946 — 7,134 3,351 12,431 Total $ 173,563 $ 83,311 $ 110,560 $ 98,820 $ 107,568 $ 203,826 $ 28,365 $ 806,013 Commercial Real Estate Pass $ 46,260 $ 100,432 $ 120,230 $ 129,120 $ 119,719 $ 194,533 $ — $ 710,294 Special Mention — 743 16,278 — 2,333 157 — 19,511 Substandard — 5,929 — 2,336 2,515 7,222 — 18,002 Total $ 46,260 $ 107,104 $ 136,508 $ 131,456 $ 124,567 $ 201,912 $ — $ 747,807 Land and construction Pass $ 257 $ 15,923 $ 27,792 $ 10,532 $ 706 $ 622 $ — $ 55,832 Special Mention — — — — — — — — Substandard — — — — — — — — 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 Special Mention 2,058 3,922 1,868 579 297 448 6,107 15,279 Substandard 1,226 316 1,188 259 2,459 281 2,504 8,233 Total $ 380,784 $ 150,517 $ 57,966 $ 16,706 $ 15,936 $ 17,552 $ 279,215 $ 918,676 Consumer Pass $ 2,557 $ — $ 1,321 $ 3 $ 6,784 $ 100 $ 8,123 $ 18,888 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 2,557 $ — $ 1,321 $ 3 $ 6,784 $ 100 $ 8,123 $ 18,888 Total loans Pass $ 1,374,838 $ 984,182 $ 784,679 $ 469,881 $ 330,898 $ 472,098 $ 303,741 $ 4,720,317 Special Mention 2,058 4,665 18,146 1,565 2,630 605 6,107 35,776 Substandard 1,226 6,245 1,188 4,541 4,974 14,637 5,855 38,666 Total $ 1,378,122 $ 995,092 $ 804,013 $ 475,987 $ 338,502 $ 487,340 $ 315,703 $ 4,794,759 The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses and the related allowance for credit losses (“ACL”) allocated to these loans: Equipment/ ACL (dollars in thousands) Real Estate Cash Receivables Total Allocation June 30, 2021: Loans secured by Real Estate: Residential properties Single family $ 9,987 $ — $ — $ 9,987 $ 1,204 Commercial loans — 250 — 250 — Total $ 9,987 $ 250 $ — $ 10,237 $ 1,204 December 31, 2020: Loans secured by Real Estate: Residential properties Single family $ 10,144 $ — $ — $ 10,144 $ 1,051 Commercial loans — 250 122 372 44 Total $ 10,144 $ 250 $ 122 $ 10,516 $ 1,095

LOAN SALES AND MORTGAGE SERVICI

LOAN SALES AND MORTGAGE SERVICING RIGHTS	6 Months Ended
LOAN SALES AND MORTGAGE SERVICING RIGHTS	Jun. 30, 2021
LOAN SALES AND MORTGAGE SERVICING RIGHTS
LOAN SALES AND MORTGAGE SERVICING RIGHTS	NOTE 6: LOAN SALES AND MORTGAGE SERVICING RIGHTS In 2020, FFB sold $553 million of multifamily loans and recognized a gain of $15.1 million. For sales of multifamily loans, FFB retained servicing rights for the majority of these loans and recognized mortgage servicing rights as part of the transactions. As of June 30, 2021 and December 31, 2020, mortgage servicing rights were $5.6 million and $7.9 million, respectively. The amount of loans serviced for others totaled $1.4 billion and $1.5 billion as of June 30, 2021 and December 31, 2020. The mortgage servicing rights as of June 30, 2021 and December 31, 2020 are net of $2.7 million and $1.4 million valuation allowances, respectively. Excluding $1.3 million in valuation provisions on mortgage servicing rights taken in the six months ended June 30, 2021, servicing fees for the first six months ended June 30, 2021 were $0.9 million, while servicing fees were $0.3 million for the six months ended June 30, 2020.

DEPOSITS

DEPOSITS	6 Months Ended
DEPOSITS	Jun. 30, 2021
DEPOSITS
DEPOSITS	NOTE 7: DEPOSITS The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: June 30, 2021 December 31, 2020 Weighted Weighted (dollars in thousands) Amount Average Rate Amount Average Rate Demand deposits: Noninterest-bearing $ 3,276,901 — $ 1,655,847 — Interest-bearing 896,224 0.201 % 871,289 0.372 % Money market and savings 2,256,952 0.319 % 2,407,401 0.549 % Certificates of deposits 676,725 0.274 % 978,896 0.591 % Total $ 7,106,802 0.153 % $ 5,913,433 0.376 % At June 30, 2021, of the $370 million of certificates of deposits of $250,000 or more, $367 million mature within one year and $3 million mature after one year. Of the $306 million of certificates of deposit of less than $250,000, $298 million mature within one year and $8 million mature after one year. 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.

BORROWINGS

BORROWINGS	6 Months Ended
BORROWINGS	Jun. 30, 2021
BORROWINGS
BORROWINGS	NOTE 8: BORROWINGS At June 30, 2021, our borrowings consisted of $20 million of borrowings under a holding company line of credit. At December 31, 2020, our borrowings consisted of $255 million of overnight FHLB advances at the Bank and $14 million of borrowings under a holding company line of credit. At June 30, 2021, the interest rate on the holding company line of credit was 3.70%. FHLB advances are collateralized primarily by loans secured by single family, multifamily, and commercial real estate properties with a carrying value of $3.9 billion as of June 30, 2021. As a matter of practice, the Bank provides substantially all of its qualifying loans as collateral to the FHLB or the Federal Reserve Bank. The Bank’s total borrowing capacity from the FHLB at June 30, 2021 was $2.5 billion. The Bank had in place $277 million of letters of credit from the FHLB, as of June 30, 2021 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 basis points (3.50%). FFI’s obligations under the loan agreement are secured by, among other things, a pledge of all of its equity in FFB. We are required to meet certain financial covenants during the term of the loan, including minimum capital levels and limits on classified assets. As of June 30, 2021 and December 31, 2020, FFI was in compliance with the covenants on this loan agreement. The Bank also has $195 million available borrowing capacity through unsecured fed funds lines, ranging in size from $20 million to $100 million, with five other financial institutions, and a $234 million secured line with the Federal Reserve Bank, secured by single family loans. None of these lines had outstanding borrowings as June 30, 2021. Combined, the Bank’s unused lines of credit as of June 30, 2021 and December 31, 2020 were $3.0 billion and $2.4 billion, respectively. The average balance of overnight borrowings during all of 2020 was $56 million.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 2021
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 9: EARNINGS PER SHARE Basic earnings per share excludes dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if contracts to issue common stock were exercised or converted into common stock that would then share in earnings. The following table sets forth the Company’s unaudited earnings per share calculations for the three and six months ended June 30, 2021 and 2020: Three Months Ended Three Months Ended June 30, 2021 June 30, 2020 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Net income $ 26,054 $ 26,054 $ 17,854 $ 17,854 Basic common shares outstanding 44,792,358 44,792,358 44,620,716 44,620,716 Effect of options, restricted stock and contingent shares issuable 309,600 191,653 Diluted common shares outstanding 45,101,958 44,812,369 Earnings per share $ 0.58 $ 0.58 $ 0.40 $ 0.40 Six Months Ended Six Months Ended June 30, 2021 June 30, 2020 (dollars in thousands, except share and per share amounts) Basic Diluted Basic Diluted Net income $ 48,409 $ 48,409 $ 31,065 $ 31,065 Basic common shares outstanding 44,750,272 44,750,272 44,645,189 44,645,189 Effect of options and restricted stock 307,058 237,331 Diluted common shares outstanding 45,057,330 44,882,520 Earnings per share $ 1.08 $ 1.07 $ 0.70 $ 0.69 Based on a weighted average basis, restricted stock units to purchase 62,267 and 59,375 shares of common stock were excluded for the six months ended June 30, 2021 and 2020, respectively, because their effect would have been anti-dilutive.

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
SEGMENT REPORTING	Jun. 30, 2021
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 10: SEGMENT REPORTING For the three and six months ended June 30, 2021 and 2020, the Company had two reportable business segments: Banking (FFB and FFIS) and Wealth Management (FFA). The results of FFI and any elimination entries are included in the column labeled Other. The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the following periods: Wealth (dollars in thousands) Banking Management Other Total Three Months Ended June 30, 2021: Interest income $ 61,403 $ — $ — $ 61,403 Interest expense 3,387 — 106 3,493 Net interest income 58,016 — (106) 57,910 Provision for credit losses 44 — — 44 Noninterest income 7,199 7,240 (404) 14,035 Noninterest expense 28,868 5,372 1,377 35,617 Income (loss) before taxes on income $ 36,303 $ 1,868 $ (1,887) $ 36,284 Three Months Ended June 30, 2020: Interest income $ 61,932 $ — $ — $ 61,932 Interest expense 13,435 — 50 13,485 Net interest income 48,497 — (50) 48,447 Provision for credit losses 1,367 — — 1,367 Noninterest income 3,635 5,631 (297) 8,969 Noninterest expense 25,042 5,404 491 30,937 Income (loss) before taxes on income $ 25,723 $ 227 $ (838) $ 25,112 Wealth (dollars in thousands) Banking Management Other Total Six Months Ended June 30, 2021: Interest income $ 120,541 $ — $ — $ 120,541 Interest expense 8,235 — 167 8,402 Net interest income 112,306 — (167) 112,139 Provision for credit losses 404 — — 404 Noninterest income 12,508 14,163 (728) 25,943 Noninterest expense 57,447 11,103 1,578 70,128 Income (loss) before taxes on income $ 66,963 $ 3,060 $ (2,473) $ 67,550 Six Months Ended June 30, 2020: Interest income $ 124,270 $ — $ — $ 124,270 Interest expense 30,875 — 80 30,955 Net interest income 93,395 — (80) 93,315 Provision for credit losses 5,431 — — 5,431 Noninterest income 8,294 12,119 (769) 19,644 Noninterest expense 51,286 11,569 954 63,809 Income (loss) before taxes on income $ 44,972 $ 550 $ (1,803) $ 43,719

ACQUISITIONS

ACQUISITIONS	6 Months Ended
ACQUISITIONS	Jun. 30, 2021
ACQUISITIONS
ACQUISITIONS	NOTE 11: ACQUISITIONS Acquisition of TGR Financial, Inc. On June 2, 2021, FFI entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with TGR Financial, Inc. (“TGR Financial”), pursuant to which TGR Financial will merge with and into FFI (the “Merger”), with FFI as the surviving corporation. The Merger Agreement contemplates that immediately after the Merger, First Florida Integrity Bank, a Florida state-chartered bank and wholly-owned subsidiary of TGR Financial, will merge with and into FFB, with FFB as the surviving bank. Subject to the terms and conditions of the Merger Agreement, upon consummation of the Merger, each outstanding share of TGR Financial common stock will be converted into the right to receive 0.6068 (the “Exchange Ratio”) of a share of FFI common stock, and each outstanding share of TGR Financial preferred stock will be converted into the right to receive the number of shares of FFI common stock equal to the product of the number of shares of TGR Financial common stock into which such share of TGR Financial preferred stock is convertible in connection with, and as a result of, the Merger, multiplied by the Exchange Ratio. In addition, at the effective time of the Merger, FFI will cash out all outstanding stock option based on a formula using the average price of FFI’s common stock for a 20-day trading period prior to the closing of the Merger. Subject to regulatory and shareholder approvals, the transaction is expected to close during the fourth quarter of 2021.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 12: SUBSEQUENT EVENTS Cash Dividend On July 27, 2021, the Board of Directors of the Company declared a quarterly cash dividend of $0.09 per common share to be paid on August 20, 2021 to stockholders of record as of the close of business on August 9, 2021.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
BASIS OF PRESENTATION (Policies)	Jun. 30, 2021
BASIS OF PRESENTATION
Basis of Presentation	The consolidated financial statements include First Foundation Inc. (“FFI”) and 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”), Blue Moon Management, LLC, and First Foundation Public Finance (“FFPF”) (collectively referred to as the “Company”). FFI also has two inactive wholly owned subsidiaries, First Foundation Consulting (“FFC”) and First Foundation Advisors, LLC (“FFA LLC”). All intercompany balances and transactions have been eliminated in consolidation. The results of operations reflect any interim adjustments, all of which are of a normal recurring nature and which, in the opinion of management, are necessary for a fair presentation of the results for the interim period presented. The results for the 2021 interim periods are not necessarily indicative of the results expected for the full year. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America 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 for the period. Actual results could differ significantly from those estimates. The accompanying unaudited consolidated financial statements include all information and footnotes required for interim financial statement presentation. These financial statements assume that readers have read the most recent Annual Report on Form 10-K which contains the latest available audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2020. Certain reclassifications have been made to the prior year consolidated financial statements to conform to the 2021 presentation.
Recent Accounting Pronouncements	Recent 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”

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 2021
FAIR VALUE MEASUREMENTS
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 June 30, 2021: Investment securities available for sale: Agency mortgage-backed securities $ 620,886 $ — $ 620,886 $ — Beneficial interest – FHLMC securitizations 15,496 — — 15,496 Corporate bonds 96,619 — 96,619 — Other 3,733 598 3,135 — Investment in equity securities 458 458 — — Total assets at fair value on a recurring basis $ 737,192 $ 1,056 $ 720,640 $ 15,496 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
Carrying Amounts and Estimated Fair Value of Financial Instruments	The carrying amounts and estimated fair values of financial instruments are as follows as of: Carrying Fair Value Measurement Level (dollars in thousands) Value 1 2 3 Total June 30, 2021: Assets: Cash and cash equivalents $ 969,646 $ 969,646 $ — $ — $ 969,646 Securities AFS, net 736,734 598 720,640 15,496 736,734 Loans held for sale 498,319 — 503,428 — 503,428 Loans, net 5,490,616 — — 5,547,016 5,547,016 Investment in FHLB stock 17,250 — 17,250 — 17,250 Investment in equity securities 458 458 — — 458 Liabilities: Deposits $ 7,106,802 $ 6,430,077 $ 683,504 $ — $ 7,113,581 Borrowings 20,000 — — 20,000 20,000 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

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
SECURITIES (Tables)	Jun. 30, 2021
SECURITIES
Summary of AFS Securities Portfolio	The following table provides a summary of the Company’s securities AFS portfolio as of: Amortized Gross Unrealized Allowance for Estimated (dollars in thousands) Cost Gains Losses Credit Losses Fair Value June 30, 2021: Agency mortgage-backed securities $ 608,766 $ 13,054 $ (934) $ — $ 620,886 Beneficial interests in FHLMC securitization 24,199 413 — (9,116) 15,496 Corporate bonds 94,000 2,619 — — 96,619 Other 3,656 87 (10) — 3,733 Total $ 730,621 $ 16,173 $ (944) $ (9,116) $ 736,734 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
Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time	The table below indicates, as of June 30, 2021, 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 June 30, 2021 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 $ 70,423 $ (933) $ — $ — $ 70,423 $ (933) Other 2,520 (11) — — 2,520 (11) Total temporarily impaired securities $ 72,943 $ (944) $ — $ — $ 72,943 $ (944)
Summary of Allowance For Credit Losses - Securities AFS	(dollars in thousands) Total Three Months Ended June 30, 2021: Beginning balance $ 8,878 Provision for credit losses 238 Balance: June 30, 2021 $ 9,116 Six Months Ended June 30, 2021: Beginning balance $ 7,245 Provision for credit losses 1,871 Balance: June 30, 2021 $ 9,116 Year Ended December 31, 2020: Beginning balance $ — 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 and the related weighted average yields were as follows for the periods indicated: Less than 1 Through 5 Through After (dollars in thousands) 1 Year 5 years 10 Years 10 Years Total June 30, 2021 Amortized Cost: Corporate bonds $ — $ — $ 89,000 $ 5,000 $ 94,000 Other 100 1,526 2,030 — 3,656 Total $ 100 $ 1,526 $ 91,030 $ 5,000 $ 97,656 Weighted average yield 0.13 % 2.02 % 4.45 % 3.38 % 4.35 % Estimated Fair Value: Corporate bonds $ — $ — $ 91,550 $ 5,069 $ 96,619 Other 100 1,611 2,022 — 3,733 Total $ 100 $ 1,611 $ 93,572 $ 5,069 $ 100,352 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

LOANS (Tables)

LOANS (Tables)	6 Months Ended
LOANS (Tables)	Jun. 30, 2021
LOANS
Summary of Loans	June 30, December 31, (dollars in thousands) 2021 2020 Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 2,814,446 $ 2,247,542 Single family 812,728 806,014 Total real estate loans secured by residential properties 3,627,174 3,053,556 Commercial properties 665,166 747,807 Land and construction 56,603 55,832 Total real estate loans 4,348,943 3,857,195 Commercial and industrial loans 1,142,766 918,676 Consumer loans 9,645 18,888 Total loans 5,501,354 4,794,759 Premiums, discounts and deferred fees and expenses 11,534 9,040 Total $ 5,512,888 $ 4,803,799
Summary of Delinquent and Nonaccrual Loans	The following table summarizes our delinquent and nonaccrual loans as of: 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 June 30, 2021: Real estate loans: Residential properties $ 54 $ — $ — $ 10,757 $ 10,811 $ 3,628,857 $ 3,639,668 Commercial properties 776 — — 1,613 2,389 663,155 665,544 Land and construction — — — — — 56,565 56,565 Commercial and industrial loans 1,550 250 — 3,817 5,617 1,135,831 1,141,448 Consumer loans — — — — — 9,663 9,663 Total $ 2,380 $ 250 $ — $ 16,187 $ 18,817 $ 5,494,071 $ 5,512,888 Percentage of total loans 0.04 % 0.00 % — % 0.29 % 0.34 % 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 and construction — — — — — 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 %
Summary of nonaccrual loans	Nonaccrual Nonaccrual with Allowance with no Allowance (dollars in thousands) for Credit Losses for Credit Losses June 30, 2021: Real estate loans: Residential properties $ 2,958 $ 7,799 Commercial properties — 1,613 Land and construction — — Commercial and industrial loans 1,881 1,936 Consumer loans — — Total $ 4,839 $ 11,348 December 31, 2020: Real estate loans: Residential properties $ 2,987 $ 7,959 Commercial properties — 4,544 Land and construction — — Commercial and industrial loans 2,581 2,557 Consumer loans — — Total $ 5,568 $ 15,060
Composition of TDRs by Accrual and Nonaccrual Status	The following table presents the loans classified as troubled debt restructurings (“TDR”) by accrual and nonaccrual status as of: June 30, 2021 December 31, 2020 (dollars in thousands) Accrual Nonaccrual Total Accrual Nonaccrual Total Residential loans $ 1,200 $ — $ 1,200 $ 1,200 $ — $ 1,200 Commercial real estate loans 1,064 1,228 2,292 1,107 1,277 2,384 Commercial and industrial loans 980 2,180 3,160 1,041 2,832 3,873 Total $ 3,244 $ 3,408 $ 6,652 $ 3,348 $ 4,109 $ 7,457 The following table provides information on loans that were modified as TDRs for the following periods: Outstanding Recorded Investment (dollars in thousands) Number of loans Pre-Modification Post-Modification Financial Impact Six Months Ended June 30, 2021: Commercial and industrial loans 1 $ 362 $ 362 $ — Total 1 $ 362 $ 362 $ — 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 $ —

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
ALLOWANCE FOR CREDIT LOSSES (Tables)	Jun. 30, 2021
ALLOWANCE FOR CREDIT LOSSES
Bank's Allowance for Credit Losses	The following is a roll forward of the Bank’s allowance for credit losses related to loans for the following periods: Beginning Adoption of Provision for Ending (dollars in thousands) Balance ASC 326 Credit Losses Charge-offs Recoveries Balance Three Months Ended June 30, 2021: Real estate loans: Residential properties $ 6,033 $ — $ 1,203 $ — $ — $ 7,236 Commercial properties 5,956 — (471) — — 5,485 Land and construction 3,962 — (1,978) — — 1,984 Commercial and industrial loans 7,062 — 487 (194) 103 7,458 Consumer loans 167 — (58) — — 109 Total $ 23,180 $ — $ (817) $ (194) $ 103 $ 22,272 Six Months Ended June 30, 2021: Real estate loans: Residential properties $ 5,115 $ — $ 2,121 $ — $ — $ 7,236 Commercial properties 8,711 — (3,226) — — 5,485 Land and construction 892 — 1,092 — — 1,984 Commercial and industrial loans 9,249 — (1,892) (408) 509 7,458 Consumer loans 233 — (124) — — 109 Total $ 24,200 $ — $ (2,029) $ (408) $ 509 $ 22,272 Year Ended December 31, 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
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: Allowance for Credit Losses Loans Evaluated (dollars in thousands) Individually Collectively Total June 30, 2021: Allowance for credit losses: Real estate loans: Residential properties $ 1,218 $ 6,152 $ 7,370 Commercial properties 437 4,999 5,436 Land and construction — 1,967 1,967 Commercial and industrial loans 710 6,681 7,391 Consumer loans — 108 108 Total $ 2,365 $ 19,907 $ 22,272 Loans: Real estate loans: Residential properties $ 16,556 $ 3,623,112 $ 3,639,668 Commercial properties 14,025 651,519 665,544 Land and construction — 56,565 56,565 Commercial and industrial loans 5,045 1,136,403 1,141,448 Consumer loans — 9,663 9,663 Total $ 35,626 $ 5,477,262 $ 5,512,888 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 and construction — 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 $ 3,041,142 $ 3,053,556 Commercial properties 17,304 730,503 747,807 Land and construction — 55,832 55,832 Commercial and industrial loans 6,472 912,204 918,676 Consumer loans — 18,888 18,888 Total $ 36,190 $ 4,758,569 $ 4,794,759
Risk Category of Loans Based on Year of Origination	The following tables present risk categories of loans based on year of origination, as of: Revolving (dollars in thousands) 2021 2020 2019 2018 2017 Prior Loans Total June 30, 2021: Loans secured by Real Estate: Residential Multifamily Pass $ 664,743 $ 886,772 $ 568,896 $ 368,554 $ 203,307 $ 132,432 $ — $ 2,824,704 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 664,743 $ 886,772 $ 568,896 $ 368,554 $ 203,307 $ 132,432 $ — $ 2,824,704 Single Family Pass $ 157,457 $ 139,254 $ 64,441 $ 81,469 $ 72,746 $ 259,317 $ 23,699 $ 798,383 Special Mention — — — — — — 26 26 Substandard — — — — 1,910 11,353 3,292 16,555 Total $ 157,457 $ 139,254 $ 64,441 $ 81,469 $ 74,656 $ 270,670 $ 27,017 $ 814,964 Commercial Real Estate Pass $ 18,446 $ 39,848 $ 76,796 $ 100,255 $ 124,522 $ 268,611 $ — $ 628,478 Special Mention — — 10,678 10,740 — 937 — 22,355 Substandard — — 5,878 — 2,283 6,550 — 14,711 Total $ 18,446 $ 39,848 $ 93,352 $ 110,995 $ 126,805 $ 276,098 $ — $ 665,544 Land and construction Pass $ — $ 214 $ 16,623 $ 28,592 $ 10,538 $ 598 $ — $ 56,565 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ — $ 214 $ 16,623 $ 28,592 $ 10,538 $ 598 $ — $ 56,565 Commercial Pass $ 253,972 $ 237,331 $ 118,650 $ 29,284 $ 11,238 $ 26,668 $ 446,972 $ 1,124,115 Special Mention 715 1,473 1,080 1,246 — 134 3,048 7,696 Substandard — 1,114 1,927 1,063 230 2,615 2,688 9,637 Total $ 254,687 $ 239,918 $ 121,657 $ 31,593 $ 11,468 $ 29,417 $ 452,708 $ 1,141,448 Consumer Pass $ 77 $ 1,145 $ — $ 1,273 $ — $ 92 $ 7,076 $ 9,663 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 77 $ 1,145 $ — $ 1,273 $ — $ 92 $ 7,076 $ 9,663 Total loans Pass $ 1,094,695 $ 1,304,564 $ 845,406 $ 609,427 $ 422,351 $ 687,718 $ 477,747 $ 5,441,908 Special Mention 715 1,473 11,758 11,986 — 1,071 3,074 30,077 Substandard — 1,114 7,805 1,063 4,423 20,518 5,980 40,903 Total $ 1,095,410 $ 1,307,151 $ 864,969 $ 622,476 $ 426,774 $ 709,307 $ 486,801 $ 5,512,888 Revolving (dollars in thousands) 2020 2019 2018 2017 2016 Prior Loans Total December 31, 2020: Loans secured by Real Estate: Residential Multifamily Pass $ 774,701 $ 638,237 $ 469,866 $ 218,470 $ 82,941 $ 63,328 $ — $ 2,247,543 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 774,701 $ 638,237 $ 469,866 $ 218,470 $ 82,941 $ 63,328 $ — $ 2,247,543 Single Family Pass $ 173,563 $ 83,311 $ 110,560 $ 95,888 $ 107,568 $ 196,692 $ 25,014 $ 792,596 Special Mention — — — 986 — — — 986 Substandard — — — 1,946 — 7,134 3,351 12,431 Total $ 173,563 $ 83,311 $ 110,560 $ 98,820 $ 107,568 $ 203,826 $ 28,365 $ 806,013 Commercial Real Estate Pass $ 46,260 $ 100,432 $ 120,230 $ 129,120 $ 119,719 $ 194,533 $ — $ 710,294 Special Mention — 743 16,278 — 2,333 157 — 19,511 Substandard — 5,929 — 2,336 2,515 7,222 — 18,002 Total $ 46,260 $ 107,104 $ 136,508 $ 131,456 $ 124,567 $ 201,912 $ — $ 747,807 Land and construction Pass $ 257 $ 15,923 $ 27,792 $ 10,532 $ 706 $ 622 $ — $ 55,832 Special Mention — — — — — — — — Substandard — — — — — — — — 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 Special Mention 2,058 3,922 1,868 579 297 448 6,107 15,279 Substandard 1,226 316 1,188 259 2,459 281 2,504 8,233 Total $ 380,784 $ 150,517 $ 57,966 $ 16,706 $ 15,936 $ 17,552 $ 279,215 $ 918,676 Consumer Pass $ 2,557 $ — $ 1,321 $ 3 $ 6,784 $ 100 $ 8,123 $ 18,888 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 2,557 $ — $ 1,321 $ 3 $ 6,784 $ 100 $ 8,123 $ 18,888 Total loans Pass $ 1,374,838 $ 984,182 $ 784,679 $ 469,881 $ 330,898 $ 472,098 $ 303,741 $ 4,720,317 Special Mention 2,058 4,665 18,146 1,565 2,630 605 6,107 35,776 Substandard 1,226 6,245 1,188 4,541 4,974 14,637 5,855 38,666 Total $ 1,378,122 $ 995,092 $ 804,013 $ 475,987 $ 338,502 $ 487,340 $ 315,703 $ 4,794,759
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 allowance for credit losses (“ACL”) allocated to these loans: Equipment/ ACL (dollars in thousands) Real Estate Cash Receivables Total Allocation June 30, 2021: Loans secured by Real Estate: Residential properties Single family $ 9,987 $ — $ — $ 9,987 $ 1,204 Commercial loans — 250 — 250 — Total $ 9,987 $ 250 $ — $ 10,237 $ 1,204 December 31, 2020: Loans secured by Real Estate: Residential properties Single family $ 10,144 $ — $ — $ 10,144 $ 1,051 Commercial loans — 250 122 372 44 Total $ 10,144 $ 250 $ 122 $ 10,516 $ 1,095

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
DEPOSITS (Tables)	Jun. 30, 2021
DEPOSITS
Summary of Outstanding Balance of Deposits and Average Rates	The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: June 30, 2021 December 31, 2020 Weighted Weighted (dollars in thousands) Amount Average Rate Amount Average Rate Demand deposits: Noninterest-bearing $ 3,276,901 — $ 1,655,847 — Interest-bearing 896,224 0.201 % 871,289 0.372 % Money market and savings 2,256,952 0.319 % 2,407,401 0.549 % Certificates of deposits 676,725 0.274 % 978,896 0.591 % Total $ 7,106,802 0.153 % $ 5,913,433 0.376 %

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 2021
EARNINGS PER SHARE
Computation of Basic and Diluted Earnings Per Share	Three Months Ended Three Months Ended June 30, 2021 June 30, 2020 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Net income $ 26,054 $ 26,054 $ 17,854 $ 17,854 Basic common shares outstanding 44,792,358 44,792,358 44,620,716 44,620,716 Effect of options, restricted stock and contingent shares issuable 309,600 191,653 Diluted common shares outstanding 45,101,958 44,812,369 Earnings per share $ 0.58 $ 0.58 $ 0.40 $ 0.40 Six Months Ended Six Months Ended June 30, 2021 June 30, 2020 (dollars in thousands, except share and per share amounts) Basic Diluted Basic Diluted Net income $ 48,409 $ 48,409 $ 31,065 $ 31,065 Basic common shares outstanding 44,750,272 44,750,272 44,645,189 44,645,189 Effect of options and restricted stock 307,058 237,331 Diluted common shares outstanding 45,057,330 44,882,520 Earnings per share $ 1.08 $ 1.07 $ 0.70 $ 0.69

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
SEGMENT REPORTING (Tables)	Jun. 30, 2021
SEGMENT REPORTING
Key Operating Results of Business Segments	Wealth (dollars in thousands) Banking Management Other Total Three Months Ended June 30, 2021: Interest income $ 61,403 $ — $ — $ 61,403 Interest expense 3,387 — 106 3,493 Net interest income 58,016 — (106) 57,910 Provision for credit losses 44 — — 44 Noninterest income 7,199 7,240 (404) 14,035 Noninterest expense 28,868 5,372 1,377 35,617 Income (loss) before taxes on income $ 36,303 $ 1,868 $ (1,887) $ 36,284 Three Months Ended June 30, 2020: Interest income $ 61,932 $ — $ — $ 61,932 Interest expense 13,435 — 50 13,485 Net interest income 48,497 — (50) 48,447 Provision for credit losses 1,367 — — 1,367 Noninterest income 3,635 5,631 (297) 8,969 Noninterest expense 25,042 5,404 491 30,937 Income (loss) before taxes on income $ 25,723 $ 227 $ (838) $ 25,112 Wealth (dollars in thousands) Banking Management Other Total Six Months Ended June 30, 2021: Interest income $ 120,541 $ — $ — $ 120,541 Interest expense 8,235 — 167 8,402 Net interest income 112,306 — (167) 112,139 Provision for credit losses 404 — — 404 Noninterest income 12,508 14,163 (728) 25,943 Noninterest expense 57,447 11,103 1,578 70,128 Income (loss) before taxes on income $ 66,963 $ 3,060 $ (2,473) $ 67,550 Six Months Ended June 30, 2020: Interest income $ 124,270 $ — $ — $ 124,270 Interest expense 30,875 — 80 30,955 Net interest income 93,395 — (80) 93,315 Provision for credit losses 5,431 — — 5,431 Noninterest income 8,294 12,119 (769) 19,644 Noninterest expense 51,286 11,569 954 63,809 Income (loss) before taxes on income $ 44,972 $ 550 $ (1,803) $ 43,719

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	6 Months Ended
BASIS OF PRESENTATION (Details)	Jun. 30, 2021subsidiary
BASIS OF PRESENTATION
Number of inactive wholly owned subsidiaries	2

FAIR VALUE MEASUREMENTS- Record

FAIR VALUE MEASUREMENTS- Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 736,734	$ 807,426
Investment in equity securities	458	338
Other
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	3,733	1,610
Agency mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	620,886	723,995
Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	15,496	23,463
Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	96,619	58,358
Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment in equity securities	458	338
Total assets at fair value on a recurring basis	737,192	807,764
Fair Value on Recurring Basis \| Other
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	3,733	1,610
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	620,886	723,995
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	15,496	23,463
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	96,619	58,358
Fair Value Measurement Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	598	503
Investment in equity securities	458	338
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	458	338
Total assets at fair value on a recurring basis	1,056	841
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	598	503
Fair Value Measurement Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	720,640	783,460
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	720,640	783,460
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	3,135	1,107
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	620,886	723,995
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	96,619	58,358
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	15,496	23,463
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	15,496	23,463
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	$ 15,496	$ 23,463

FAIR VALUE MEASUREMENTS - Valua

FAIR VALUE MEASUREMENTS - Valuation assumptions (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Reserves related to impaired loans	$ 1,200		$ 1,200		$ 1,100
Provision for credit losses - loans	44	$ 1,367	404	$ 5,431
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Provision for credit losses - loans			1,900
Impaired loans	$ 10,200		$ 10,200		$ 3,100
Fair Value Measurement Level 3 \| Prepayment Rate \| Minimum \| Available for Sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.25		0.25		0.25
Fair Value Measurement Level 3 \| Prepayment Rate \| Minimum \| Mortgage Servicing Rights
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 \| Available for Sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.35		0.35		0.35
Fair Value Measurement Level 3 \| Prepayment Rate \| Maximum \| Mortgage Servicing Rights
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.25		0.25
Fair Value Measurement Level 3 \| Discount Rate \| Minimum \| Available for Sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.0711		0.0711		0.0711
Fair Value Measurement Level 3 \| Discount Rate \| Minimum \| Mortgage Servicing Rights
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.0014		0.0014
Fair Value Measurement Level 3 \| Discount Rate \| Maximum \| Available for Sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.10		0.10		0.10
Fair Value Measurement Level 3 \| Discount Rate \| Maximum \| Mortgage Servicing Rights
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.10		0.10

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amounts and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 969,646	$ 629,707
Securities AFS, net	736,734	807,426
Loans held for sale	498,319	505,404
Loans, net	5,490,616	4,779,599
Investment in FHLB stock	17,250	17,250
Investment in equity securities	458	338
Liabilities:
Deposits	7,106,802	5,913,433
Borrowings	20,000	269,000
Assets Fair Value:
Cash and cash equivalents	969,646	629,707
Securities AFS, net	736,734	807,426
Loans held for sale	503,428	510,638
Loans, net	5,547,016	4,829,258
Investment in FHLB stock	17,250	17,250
Investment in equity securities	458	338
Liabilities Fair Value:
Deposits	7,113,581	5,913,434
Borrowings	20,000	269,000
Fair Value Measurement Level 1
ASSETS
Securities AFS, net	598	503
Investment in equity securities	458	338
Assets Fair Value:
Cash and cash equivalents	969,646	629,707
Securities AFS, net	598	503
Investment in equity securities	458	338
Liabilities Fair Value:
Deposits	6,430,077	4,934,537
Fair Value Measurement Level 2
ASSETS
Securities AFS, net	720,640	783,460
Investment in FHLB stock	17,250	17,250
Assets Fair Value:
Securities AFS, net	720,640	783,460
Loans held for sale	503,428	510,638
Investment in FHLB stock	17,250	17,250
Liabilities Fair Value:
Deposits	683,504	978,897
Borrowings		255,000
Fair Value Measurement Level 3
ASSETS
Securities AFS, net	15,496	23,463
Assets Fair Value:
Securities AFS, net	15,496	23,463
Loans, net	5,547,016	4,829,258
Liabilities Fair Value:
Borrowings	$ 20,000	$ 14,000

SECURITIES - Summary of AFS Sec

SECURITIES - Summary of AFS Securities Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 730,621		$ 794,761
Gross Unrealized gains	16,173		19,910
Gross Unrealized losses	(944)
Allowance for credit losses - investments	(9,116)	$ (8,878)	(7,245)
Estimated Fair Value	736,734		807,426
Other
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	3,656		1,512
Gross Unrealized gains	87		98
Gross Unrealized losses	(10)
Estimated Fair Value	3,733		1,610
Agency mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	608,766		705,752
Gross Unrealized gains	13,054		18,243
Gross Unrealized losses	(934)
Estimated Fair Value	620,886		723,995
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	24,199		30,497
Gross Unrealized gains	413		211
Allowance for credit losses - investments	(9,116)		(7,245)
Estimated Fair Value	15,496		23,463
Corporate bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	94,000		57,000
Gross Unrealized gains	2,619		1,358
Estimated Fair Value	$ 96,619		$ 58,358

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Schedule Of Available For Sale Securities [Line Items]
Proceeds from sale of securities	$ 3,400
Weighted average yield, total	4.35%	5.32%
US Treasury Securities \| Other
Schedule Of Available For Sale Securities [Line Items]
Securities pledged as collateral	$ 600	$ 600
Agency mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Securities pledged as collateral	$ 186,800
Agency Mortgage-backed Securities and Beneficial interests in FHLMC securitization
Schedule Of Available For Sale Securities [Line Items]
Weighted average yield, total	2.33%	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	Jun. 30, 2021	Dec. 31, 2020
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	$ 72,943
Less than 12 months, Unrealized Loss	(944)
Total, Fair Value	72,943
Total, Unrealized Loss	(944)	$ 0
Other
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	2,520
Less than 12 months, Unrealized Loss	(11)
Total, Fair Value	2,520
Total, Unrealized Loss	(11)
Agency mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	70,423
Less than 12 months, Unrealized Loss	(933)
Total, Fair Value	70,423
Total, Unrealized Loss	$ (933)

SECURITIES - Schedule of Allowa

SECURITIES - Schedule of Allowance for Credit Losses - Securities AFS (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Investments [Abstract]
Beginning Balance for period	$ 8,878	$ 7,245
Provision for credit losses - securities AFS	238	1,871	$ 2,371	$ 7,245
Ending Balance for period	$ 9,116	$ 9,116		$ 7,245

SECURITIES - Scheduled Maturiti

SECURITIES - Scheduled Maturities of Securities AFS and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	$ 100	$ 500
Amortized cost, one through five years	1,526	1,012
Amortized cost, five through ten years	91,030	57,000
Amortized cost, after ten years	5,000
Amortized cost, total	$ 97,656	$ 58,512
Weighted average yield, less than one year	0.13%	1.83%
Weighted average yield, one through five years	2.02%	2.81%
Weighted average yield, five through ten years	4.45%	5.39%
Weighted average yield, after ten years	3.38%
Weighted average yield, total	4.35%	5.32%
Estimated fair value, less than one year	$ 100	$ 503
Estimated fair value, one through five years	1,611	1,107
Estimated fair value, five through ten years	93,572	58,358
Estimated fair value, after ten years	5,069
Estimated fair value, total	100,352	59,968
Other
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	100	500
Amortized cost, one through five years	1,526	1,012
Amortized cost, five through ten years	2,030
Amortized cost, total	3,656	1,512
Estimated fair value, less than one year	100	503
Estimated fair value, one through five years	1,611	1,107
Estimated fair value, five through ten years	2,022
Estimated fair value, total	3,733	1,610
Corporate bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, five through ten years	89,000	57,000
Amortized cost, after ten years	5,000
Amortized cost, total	94,000	57,000
Estimated fair value, five through ten years	91,550	58,358
Estimated fair value, after ten years	5,069
Estimated fair value, total	$ 96,619	$ 58,358

LOANS - Summary of Loans (Detai

LOANS - Summary of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 5,501,354	$ 4,794,759
Premiums, discounts and deferred fees and expenses	11,534	9,040
Total	5,512,888	4,803,799
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans		3,053,556
Total	3,639,668
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans		747,807
Total	665,544
Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans		55,832
Total	56,565
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,142,766	918,676
Total	1,141,448
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	9,645	18,888
Total	9,663
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	4,348,943	3,857,195
Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,627,174	3,053,556
Total	3,639,668
Real Estate Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	665,166	747,807
Total	665,544
Real Estate Loans \| Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans	56,603	55,832
Total	56,565
Multifamily \| Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	2,814,446	2,247,542
Single Family \| Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 812,728	$ 806,014

LOANS - Summary of Delinquent a

LOANS - Summary of Delinquent and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 18,817	$ 23,430
90 Days or More Past Due and Still Accruing		152
Nonaccrual Past Due and Still Accruing	16,187	20,628
Current	5,494,071	4,771,329
Total loans	5,501,354	4,794,759
Total	$ 5,512,888	$ 4,803,799
Percentage of Total Loans Due 30-59 Days	0.04%	0.04%
Percentage of Total Loans Due 60-89 Days	0.00%	0.01%
Percentage of Total Loans Due 90 Days or More		0.00%
Percentage of Total Loans Due Nonaccrual	0.29%	0.43%
Percentage of Total Loans	0.34%	0.49%
30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 2,380	$ 1,999
60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	250	651
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans		3,053,556
Total	3,639,668
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans		747,807
Total	665,544
Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans		55,832
Total	56,565
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	5,617	6,713
90 Days or More Past Due and Still Accruing		152
Nonaccrual Past Due and Still Accruing	3,817	5,137
Current	1,135,831	911,963
Total loans	1,142,766	918,676
Total	1,141,448
Commercial and Industrial Loans \| 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	1,550	1,013
Commercial and Industrial Loans \| 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	250	411
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Current	9,663	18,888
Total loans	9,645	18,888
Total	9,663
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	4,348,943	3,857,195
Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	10,811	10,982
Nonaccrual Past Due and Still Accruing	10,757	10,947
Current	3,628,857	3,042,574
Total loans	3,627,174	3,053,556
Total	3,639,668
Real Estate Loans \| Residential Properties \| 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	54	35
Real Estate Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	2,389	5,735
Nonaccrual Past Due and Still Accruing	1,613	4,544
Current	663,155	742,072
Total loans	665,166	747,807
Total	665,544
Real Estate Loans \| Commercial Real Estate \| 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	776	951
Real Estate Loans \| Commercial Real Estate \| 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual		240
Real Estate Loans \| Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Current	56,565	55,832
Total loans	56,603	$ 55,832
Total	$ 56,565

LOANS - Summary of Nonaccrual L

LOANS - Summary of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with Allowance for Credit Losses	$ 4,839	$ 5,568
Nonaccrual with No Allowance for Credit Losses	11,348	15,060
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with Allowance for Credit Losses	1,881	2,581
Nonaccrual with No Allowance for Credit Losses	1,936	2,557
Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with Allowance for Credit Losses	2,958	2,987
Nonaccrual with No Allowance for Credit Losses	7,799	7,959
Real Estate Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with No Allowance for Credit Losses	$ 1,613	$ 4,544

LOANS - Composition of TDRs by

LOANS - Composition of TDRs by Accrual and Nonaccrual Status (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Nonaccrual	$ 16,187	$ 20,628
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Nonaccrual	3,817	5,137
Principal Reduction And Extended Maturity
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	3,244	3,348
Troubled Debt Restructurings, Nonaccrual	3,408	4,109
Troubled Debt Restructurings, Total	6,652	7,457
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	1,064	1,107
Troubled Debt Restructurings, Nonaccrual	1,228	1,277
Troubled Debt Restructurings, Total	2,292	2,384
Principal Reduction And Extended Maturity \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	980	1,041
Troubled Debt Restructurings, Nonaccrual	2,180	2,832
Troubled Debt Restructurings, Total	$ 3,160	$ 3,873

LOANS - Schedule of Detail of L

LOANS - Schedule of Detail of Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Financing Receivable Modifications [Line Items]
Number of loans \| loan	1	1
Outstanding recorded investment, pre-modification	$ 362	$ 507
Outstanding recorded investment, post-modification	$ 362	$ 507
Commercial and Industrial Loans
Financing Receivable Modifications [Line Items]
Number of loans \| loan	1	1
Outstanding recorded investment, pre-modification	$ 362	$ 507
Outstanding recorded investment, post-modification	$ 362	$ 507

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	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	$ 23,180	$ 24,200	$ 20,800
Changes due to adoption			4,215
Provision for Credit Losses	(817)	(2,029)	26
Charge-offs	(194)	(408)	(1,844)
Recoveries	103	509	1,003
Ending Balance	22,272	22,272	24,200
Residential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	6,033	5,115	8,423
Changes due to adoption			363
Provision for Credit Losses	1,203	2,121	(3,671)
Ending Balance	7,236	7,236	5,115
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	5,956	8,711	4,166
Changes due to adoption			3,760
Provision for Credit Losses	(471)	(3,226)	785
Ending Balance	5,485	5,485	8,711
Land and Construction
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	3,962	892	573
Changes due to adoption			92
Provision for Credit Losses	(1,978)	1,092	227
Ending Balance	1,984	1,984	892
Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	7,062	9,249	7,448
Provision for Credit Losses	487	(1,892)	2,642
Charge-offs	(194)	(408)	(1,844)
Recoveries	103	509	1,003
Ending Balance	7,458	7,458	9,249
Consumer Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	167	233	190
Provision for Credit Losses	(58)	(124)	43
Ending Balance	$ 109	$ 109	$ 233

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	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	$ 2,365	$ 2,389
Allowance for Credit Losses, Collectively Evaluated for Impairment	19,907	21,811
Total Allowance for Credit Losses	22,272	24,200
Loans, Individually Evaluated for Impairment	35,626	36,190
Loans, Collectively Evaluated for Impairment	5,477,262	4,758,569
Total loans	5,501,354	4,794,759
Total	5,512,888	4,803,799
Residential Properties
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	1,218	1,059
Allowance for Credit Losses, Collectively Evaluated for Impairment	6,152	4,056
Total Allowance for Credit Losses	7,370	5,115
Loans, Individually Evaluated for Impairment	16,556	12,414
Loans, Collectively Evaluated for Impairment	3,623,112	3,041,142
Total loans		3,053,556
Total	3,639,668
Commercial Real Estate
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	437	374
Allowance for Credit Losses, Collectively Evaluated for Impairment	4,999	8,337
Total Allowance for Credit Losses	5,436	8,711
Loans, Individually Evaluated for Impairment	14,025	17,304
Loans, Collectively Evaluated for Impairment	651,519	730,503
Total loans		747,807
Total	665,544
Land and Construction
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Collectively Evaluated for Impairment	1,967	892
Total Allowance for Credit Losses	1,967	892
Loans, Collectively Evaluated for Impairment	56,565	55,832
Total loans		55,832
Total	56,565
Commercial and Industrial Loans
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	710	956
Allowance for Credit Losses, Collectively Evaluated for Impairment	6,681	8,293
Total Allowance for Credit Losses	7,391	9,249
Loans, Individually Evaluated for Impairment	5,045	6,472
Loans, Collectively Evaluated for Impairment	1,136,403	912,204
Total loans	1,142,766	918,676
Total	1,141,448
Consumer Loans
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Collectively Evaluated for Impairment	108	233
Total Allowance for Credit Losses	108	233
Loans, Collectively Evaluated for Impairment	9,663	18,888
Total loans	9,645	$ 18,888
Total	$ 9,663

ALLOWANCE FOR CREDIT LOSSES - R

ALLOWANCE FOR CREDIT LOSSES - Risk Category of Loans Based on Year of Origination (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	$ 1,095,410	$ 1,378,122
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,307,151	995,092
Financing Receivable Originated Two Years Before Latest Fiscal Year	864,969	804,013
Financing Receivable Originated Three Years Before Latest Fiscal Year	622,476	475,987
Financing Receivable Originated Four Years Before Latest Fiscal Year	426,774	338,502
Prior	709,307	487,340
Revolving Loans	486,801	315,703
Total loans		4,794,759
Total	5,512,888	4,803,799
Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	1,094,695	1,374,838
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,304,564	984,182
Financing Receivable Originated Two Years Before Latest Fiscal Year	845,406	784,679
Financing Receivable Originated Three Years Before Latest Fiscal Year	609,427	469,881
Financing Receivable Originated Four Years Before Latest Fiscal Year	422,351	330,898
Prior	687,718	472,098
Revolving Loans	477,747	303,741
Total loans		4,720,317
Total	5,441,908
Special Mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	715	2,058
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,473	4,665
Financing Receivable Originated Two Years Before Latest Fiscal Year	11,758	18,146
Financing Receivable Originated Three Years Before Latest Fiscal Year	11,986	1,565
Financing Receivable Originated Four Years Before Latest Fiscal Year		2,630
Prior	1,071	605
Revolving Loans	3,074	6,107
Total loans		35,776
Total	30,077
Substandard
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year		1,226
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,114	6,245
Financing Receivable Originated Two Years Before Latest Fiscal Year	7,805	1,188
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,063	4,541
Financing Receivable Originated Four Years Before Latest Fiscal Year	4,423	4,974
Prior	20,518	14,637
Revolving Loans	5,980	5,855
Total loans		38,666
Total	40,903
Residential Properties
Financing Receivable Recorded Investment [Line Items]
Total	3,639,668
Residential Properties \| Multifamily
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	664,743	774,701
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	886,772	638,237
Financing Receivable Originated Two Years Before Latest Fiscal Year	568,896	469,866
Financing Receivable Originated Three Years Before Latest Fiscal Year	368,554	218,470
Financing Receivable Originated Four Years Before Latest Fiscal Year	203,307	82,941
Prior	132,432	63,328
Total loans		2,247,543
Total	2,824,704
Residential Properties \| Multifamily \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	664,743	774,701
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	886,772	638,237
Financing Receivable Originated Two Years Before Latest Fiscal Year	568,896	469,866
Financing Receivable Originated Three Years Before Latest Fiscal Year	368,554	218,470
Financing Receivable Originated Four Years Before Latest Fiscal Year	203,307	82,941
Prior	132,432	63,328
Total loans		2,247,543
Total	2,824,704
Residential Properties \| Single Family
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	157,457	173,563
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	139,254	83,311
Financing Receivable Originated Two Years Before Latest Fiscal Year	64,441	110,560
Financing Receivable Originated Three Years Before Latest Fiscal Year	81,469	98,820
Financing Receivable Originated Four Years Before Latest Fiscal Year	74,656	107,568
Prior	270,670	203,826
Revolving Loans	27,017	28,365
Total loans		806,013
Total	814,964
Residential Properties \| Single Family \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	157,457	173,563
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	139,254	83,311
Financing Receivable Originated Two Years Before Latest Fiscal Year	64,441	110,560
Financing Receivable Originated Three Years Before Latest Fiscal Year	81,469	95,888
Financing Receivable Originated Four Years Before Latest Fiscal Year	72,746	107,568
Prior	259,317	196,692
Revolving Loans	23,699	25,014
Total loans		792,596
Total	798,383
Residential Properties \| Single Family \| Special Mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated Three Years Before Latest Fiscal Year		986
Revolving Loans	26
Total loans		986
Total	26
Residential Properties \| Single Family \| Substandard
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated Three Years Before Latest Fiscal Year		1,946
Financing Receivable Originated Four Years Before Latest Fiscal Year	1,910
Prior	11,353	7,134
Revolving Loans	3,292	3,351
Total loans		12,431
Total	16,555
Commercial Real Estate
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	18,446	46,260
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	39,848	107,104
Financing Receivable Originated Two Years Before Latest Fiscal Year	93,352	136,508
Financing Receivable Originated Three Years Before Latest Fiscal Year	110,995	131,456
Financing Receivable Originated Four Years Before Latest Fiscal Year	126,805	124,567
Prior	276,098	201,912
Total loans		747,807
Total	665,544
Commercial Real Estate \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	18,446	46,260
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	39,848	100,432
Financing Receivable Originated Two Years Before Latest Fiscal Year	76,796	120,230
Financing Receivable Originated Three Years Before Latest Fiscal Year	100,255	129,120
Financing Receivable Originated Four Years Before Latest Fiscal Year	124,522	119,719
Prior	268,611	194,533
Total loans		710,294
Total	628,478
Commercial Real Estate \| Special Mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		743
Financing Receivable Originated Two Years Before Latest Fiscal Year	10,678	16,278
Financing Receivable Originated Three Years Before Latest Fiscal Year	10,740
Financing Receivable Originated Four Years Before Latest Fiscal Year		2,333
Prior	937	157
Total loans		19,511
Total	22,355
Commercial Real Estate \| Substandard
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		5,929
Financing Receivable Originated Two Years Before Latest Fiscal Year	5,878
Financing Receivable Originated Three Years Before Latest Fiscal Year		2,336
Financing Receivable Originated Four Years Before Latest Fiscal Year	2,283	2,515
Prior	6,550	7,222
Total loans		18,002
Total	14,711
Land and Construction
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year		257
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	214	15,923
Financing Receivable Originated Two Years Before Latest Fiscal Year	16,623	27,792
Financing Receivable Originated Three Years Before Latest Fiscal Year	28,592	10,532
Financing Receivable Originated Four Years Before Latest Fiscal Year	10,538	706
Prior	598	622
Total loans		55,832
Total	56,565
Land and Construction \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year		257
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	214	15,923
Financing Receivable Originated Two Years Before Latest Fiscal Year	16,623	27,792
Financing Receivable Originated Three Years Before Latest Fiscal Year	28,592	10,532
Financing Receivable Originated Four Years Before Latest Fiscal Year	10,538	706
Prior	598	622
Total loans		55,832
Total	56,565
Commercial and Industrial Loans
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	254,687	380,784
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	239,918	150,517
Financing Receivable Originated Two Years Before Latest Fiscal Year	121,657	57,966
Financing Receivable Originated Three Years Before Latest Fiscal Year	31,593	16,706
Financing Receivable Originated Four Years Before Latest Fiscal Year	11,468	15,936
Prior	29,417	17,552
Revolving Loans	452,708	279,215
Total loans		918,676
Total	1,141,448
Commercial and Industrial Loans \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	253,972	377,500
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	237,331	146,279
Financing Receivable Originated Two Years Before Latest Fiscal Year	118,650	54,910
Financing Receivable Originated Three Years Before Latest Fiscal Year	29,284	15,868
Financing Receivable Originated Four Years Before Latest Fiscal Year	11,238	13,180
Prior	26,668	16,823
Revolving Loans	446,972	270,604
Total loans		895,164
Total	1,124,115
Commercial and Industrial Loans \| Special Mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	715	2,058
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,473	3,922
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,080	1,868
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,246	579
Financing Receivable Originated Four Years Before Latest Fiscal Year		297
Prior	134	448
Revolving Loans	3,048	6,107
Total loans		15,279
Total	7,696
Commercial and Industrial Loans \| Substandard
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year		1,226
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,114	316
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,927	1,188
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,063	259
Financing Receivable Originated Four Years Before Latest Fiscal Year	230	2,459
Prior	2,615	281
Revolving Loans	2,688	2,504
Total loans		8,233
Total	9,637
Consumer Loans
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	77	2,557
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,145
Financing Receivable Originated Two Years Before Latest Fiscal Year		1,321
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,273	3
Financing Receivable Originated Four Years Before Latest Fiscal Year		6,784
Prior	92	100
Revolving Loans	7,076	8,123
Total loans		18,888
Total	9,663
Consumer Loans \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	77	2,557
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,145
Financing Receivable Originated Two Years Before Latest Fiscal Year		1,321
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,273	3
Financing Receivable Originated Four Years Before Latest Fiscal Year		6,784
Prior	92	100
Revolving Loans	7,076	8,123
Total loans		$ 18,888
Total	$ 9,663

ALLOWANCE FOR CREDIT LOSSES - A

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	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	$ 22,272	$ 24,200
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	10,237	10,516
Total Allowance for Credit Losses	1,204	1,095
Collateral Dependent Loans \| Real Estate.
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	9,987	10,144
Collateral Dependent Loans \| Cash
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	250	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	9,987	10,144
Total Allowance for Credit Losses	1,204	1,051
Collateral Dependent Loans \| Residential Properties \| Real Estate. \| Single Family
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	9,987	10,144
Collateral Dependent Loans \| Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	250	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	250
Collateral Dependent Loans \| Commercial and Industrial Loans \| Equipment/Receivables
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		$ 122

LOAN SALES AND MORTGAGE SERVI_2

LOAN SALES AND MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Loan Sales And Mortgage Servicing Rights [Line Items]
Gain on sale of loans	$ 3,324	$ 3,324
First Foundation Bank
Loan Sales And Mortgage Servicing Rights [Line Items]
Sale of multifamily loans through securitization				$ 553,000
Gain on sale of loans				15,100
Mortgage servicing rights	5,600	5,600		7,900
Loans serviced for others	1,400,000	1,400,000		1,500,000
Valuation allowance of mortgage servicing rights	2,700	2,700		$ 1,400
Valuation provision on mortgage servicing rights	$ 1,300	1,300
Servicing fees earned on loans		$ 900	$ 300

DEPOSITS - Summary of Outstandi

DEPOSITS - Summary of Outstanding Balance of Deposits and Average Rates (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
DEPOSITS
Demand deposits, Noninterest-bearing	$ 3,276,901	$ 1,655,847
Demand deposits, Interest-bearing	896,224	871,289
Money market and savings	2,256,952	2,407,401
Certificates of deposits	676,725	978,896
Total	$ 7,106,802	$ 5,913,433
Demand deposits, Interest-bearing, Weighted Average Rate	0.201%	0.372%
Money market and savings, Weighted Average Rate	0.319%	0.549%
Certificates of deposits, Weighted Average Rate	0.274%	0.591%
Total, Weighted Average Rate	0.153%	0.376%

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
DEPOSITS
Certificates of deposits of $250,000 or more, maturities within one year	$ 367	$ 409
Certificates of deposits of $250,000 or more, maturities after one year	3	7
Certificates of deposits of $250,000 or more, total	370	416
Certificates of deposit of less than $ 250,000, maturities within one year	298	520
Certificates of deposit of less than $ 250,000, maturities after one year	8	43
Certificates of deposit of less than $250,000, total	$ 306	$ 563

BORROWINGS (Details)

BORROWINGS (Details)	6 Months Ended	12 Months Ended
BORROWINGS (Details)	Jun. 30, 2021USD ($)Institution	Dec. 31, 2017USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Overnight FHLB advances			$ 255,000,000
Long-term line of credit	$ 0
Loans pledged as collateral	3,900,000,000
Federal Home Loan Bank, maximum borrowing capacity	2,500,000,000
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	$ 3,000,000,000		2,400,000,000
FHLB, average daily balance of borrowings outstanding			56,000,000
Secured debt	234,000,000
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%
FFI
Debt Instrument [Line Items]
Long-term line of credit	$ 20,000,000		$ 14,000,000
Line of credit facility, Interest rate	3.70%

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
EARNINGS PER SHARE
Net income	$ 26,054	$ 17,854	$ 48,409	$ 31,065
Basic common shares outstanding	44,792,358	44,620,716	44,750,272	44,645,189
Earnings per share, Basic	$ 0.58	$ 0.40	$ 1.08	$ 0.70
Net income, Diluted	$ 26,054	$ 17,854	$ 48,409	$ 31,065
Effect of options and restricted stock	309,600	191,653	307,058	237,331
Diluted common shares outstanding	45,101,958	44,812,369	45,057,330	44,882,520
Earnings per share, Diluted	$ 0.58	$ 0.40	$ 1.07	$ 0.69

EARNINGS PER SHARE - Anti-dilut

EARNINGS PER SHARE - Anti-dilutive (Details) - shares	6 Months Ended
EARNINGS PER SHARE - Anti-dilutive (Details) - shares	Jun. 30, 2021	Jun. 30, 2020
Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	62,267	59,375

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - segment	3 Months Ended		6 Months Ended
SEGMENT REPORTING (Details) - segment	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
SEGMENT REPORTING
Reportable business segments	2	2	2	2

SEGMENT REPORTING - Key Operati

SEGMENT REPORTING - Key Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Interest income	$ 61,403	$ 61,932	$ 120,541	$ 124,270
Interest expense	3,493	13,485	8,402	30,955
Net interest income	57,910	48,447	112,139	93,315
Provision for credit losses	44	1,367	404	5,431
Noninterest income	14,035	8,969	25,943	19,644
Noninterest expense	35,617	30,937	70,128	63,809
Income before taxes on income	36,284	25,112	67,550	43,719
Operating Segments \| Banking
Segment Reporting Information [Line Items]
Interest income	61,403	61,932	120,541	124,270
Interest expense	3,387	13,435	8,235	30,875
Net interest income	58,016	48,497	112,306	93,395
Provision for credit losses	44	1,367	404	5,431
Noninterest income	7,199	3,635	12,508	8,294
Noninterest expense	28,868	25,042	57,447	51,286
Income before taxes on income	36,303	25,723	66,963	44,972
Operating Segments \| Wealth Management
Segment Reporting Information [Line Items]
Noninterest income	7,240	5,631	14,163	12,119
Noninterest expense	5,372	5,404	11,103	11,569
Income before taxes on income	1,868	227	3,060	550
Other.
Segment Reporting Information [Line Items]
Interest expense	106	50	167	80
Net interest income	(106)	(50)	(167)	(80)
Noninterest income	(404)	(297)	(728)	(769)
Noninterest expense	1,377	491	1,578	954
Income before taxes on income	$ (1,887)	$ (838)	$ (2,473)	$ (1,803)

ACQUISITIONS (Details)

ACQUISITIONS (Details) - TGR Financial, Inc [Member]	Jun. 02, 2021D
ACQUISITIONS
Exchange Ratio	0.6068
Number of trading days prior to closing of merger	20

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event	Jul. 27, 2021$ / shares
Subsequent Event [Line Items]
Dividends payable, amount per share	$ 0.09
Dividends payable, date to be paid	Aug. 20, 2021
Dividends payable, date of record	Aug. 9, 2021