First Foundation (FFWM) 10-K28 Feb 222021 FY Annual reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Dec. 31, 2021	Feb. 23, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 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, par value $0.001 per share
Trading Symbol	FFWM
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 888
Entity Common Stock, Shares Outstanding		56,434,070
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCE Except as otherwise stated herein, Part III of the Form 10-K is incorporated by reference from the Registrant’s Definitive Proxy Statement for its 2022 Annual Meeting of Stockholders, which is expected to be filed with the Commission on or before April 30, 2022.
Amendment Flag	false
Auditor Name	Eide Bailly, LLP
Auditor Firm ID	286
Auditor Location	San Ramon, CA
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Entity Central Index Key	0001413837

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 1,121,757	$ 629,707
Securities available-for-sale ("AFS")	1,201,777	814,671
Allowance for credit losses - investments	(10,399)	(7,245)
Net securities	1,191,378	807,426
Loans held for sale	501,436	505,404
Loans held for investment	6,906,728	4,803,799
Allowance for credit losses - loans	(33,776)	(24,200)
Net loans	6,872,952	4,779,599
Investment in FHLB stock	18,249	17,250
Deferred taxes	20,835	8,603
Premises and equipment, net	37,920	8,012
Real Estate Owned ("REO")	6,210
Goodwill and intangibles	222,125	95,296
Other assets	203,342	105,863
Total Assets	10,196,204	6,957,160
Liabilities:
Deposits	8,811,960	5,913,433
Borrowings	210,127	269,000
Accounts payable and other liabilities	110,066	79,016
Total Liabilities	9,132,153	6,261,449
Shareholders' Equity
Common Stock	56	45
Additional paid-in-capital	720,744	433,941
Retained earnings	340,976	247,638
Accumulated other comprehensive income	2,275	14,087
Total Shareholders' Equity	1,064,051	695,711
Total Liabilities and Shareholders' Equity	$ 10,196,204	$ 6,957,160

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest income:
Loans	$ 224,823	$ 216,798	$ 220,951
Securities AFS	20,435	25,688	25,004
FHLB Stock, fed funds sold and interest-bearing deposits	1,960	1,405	2,805
Total interest income	247,218	243,891	248,760
Interest expense:
Deposits	13,453	39,432	64,182
Borrowings	481	7,815	14,624
Total interest expense	13,934	47,247	78,806
Net interest income	233,284	196,644	169,954
Provision for credit losses	3,866	6,746	2,637
Net interest income after provision for credit losses	229,418	189,898	167,317
Noninterest income:
Asset management, consulting and other fees	$ 36,022	$ 29,465	$ 28,658
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Gain on sale of loans	$ 21,459	$ 15,140	$ 4,218
Other income	12,972	10,042	8,900
Total noninterest income	70,453	54,647	41,776
Noninterest expense:
Compensation and benefits	87,908	73,868	69,933
Occupancy and depreciation	24,977	23,892	20,905
Professional services and marketing costs	12,224	8,045	7,417
Customer service costs	8,775	7,445	17,858
Other expenses	14,202	12,528	13,481
Total noninterest expense	148,086	125,778	129,594
Income before taxes on income	151,785	118,767	79,499
Taxes on income	42,274	34,398	23,260
Net income	$ 109,511	$ 84,369	$ 56,239
Net income per share:
Basic	$ 2.42	$ 1.89	$ 1.26
Diluted	$ 2.41	$ 1.88	$ 1.25
Shares used in computation:
Basic	45,272,183	44,639,430	44,617,361
Diluted	45,459,540	44,900,805	44,911,265

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 23,876	$ 37,226	$ 26,054	$ 22,355	$ 22,366	$ 30,938	$ 17,854	$ 13,211	$ 15,214	$ 17,356	$ 12,410	$ 11,259	$ 109,511	$ 84,369	$ 56,239
Other comprehensive income (loss):
Unrealized holding gains (losses) on securities arising during the period													(16,696)	13,866	7,674
Other comprehensive income (loss) before tax													(16,696)	13,866	7,674
Income tax benefit (expense) related to items of other comprehensive income													4,884	(4,055)	(2,021)
Other comprehensive income (loss)													(11,812)	9,811	5,653
Less: Reclassification adjustment for loss included in net earnings															(316)
Income tax benefit related to reclassification adjustment															92
Reclassification adjustment for loss included in net earnings, net of tax															(224)
Other comprehensive income (loss), net of tax													(11,812)	9,811	5,429
Total comprehensive income													$ 97,699	$ 94,180	$ 61,668

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning balance at Dec. 31, 2018	$ 44	$ 431,832	$ 128,461	$ (1,153)	$ 559,184
Beginning balance (in shares) at Dec. 31, 2018	44,496,007
Net income			56,239		56,239
Other comprehensive income (loss)				5,429	5,429
Stock based compensation		1,633			1,633
Cash dividend			(8,927)		(8,927)
Exercise of options		334			$ 334
Exercise of options (in shares)	44,000				44,000
Stock grants - vesting of restricted stock units	$ 1	(1)
Stock grants - vesting of restricted stock units (in shares)	132,536
Repurchase of shares from restricted shares vesting		(23)			$ (23)
Repurchase of shares from restricted shares vesting (in shares)	(1,800)
Ending balance at Dec. 31, 2019	$ 45	433,775	175,773	4,276	613,869
Ending balance (in shares) at Dec. 31, 2019	44,670,743
Net income			84,369		84,369
Other comprehensive income (loss)				9,811	9,811
Stock based compensation		2,075			2,075
Cash dividend			(12,504)		(12,504)
Exercise of options		915			$ 915
Exercise of options (in shares)	117,500				117,500
Stock grants - vesting of restricted stock units (in shares)	103,741
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 Dec. 31, 2020	$ 45	433,941	247,638	14,087	695,711
Ending balance (in shares) at Dec. 31, 2020	44,667,650
Net income			109,511		109,511
Other comprehensive income (loss)				(11,812)	(11,812)
Stock based compensation		2,756			2,756
Cash dividend			(16,173)		(16,173)
Exercise of options		2,748			$ 2,748
Exercise of options (in shares)	327,000				327,000
Stock grants - vesting of restricted stock units	$ 11				$ 11
Stock grants - vesting of restricted stock units (in shares)	126,528
Stock issued in acquisition		283,011			283,011
Stock issued in acquisition (in shares)	11,352,232
Repurchase of shares from restricted shares vesting		(1,712)			(1,712)
Repurchase of shares from restricted shares vesting (in shares)	(41,340)
Ending balance at Dec. 31, 2021	$ 56	$ 720,744	$ 340,976	$ 2,275	$ 1,064,051
Ending balance (in shares) at Dec. 31, 2021	56,432,070

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities:
Net income	$ 109,511	$ 84,369	$ 56,239
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses - loans	10,547	26	2,637
Provision for credit losses - securities AFS	3,154	7,245
Stock-based compensation expense	2,756	2,075	1,633
Depreciation and amortization	3,318	3,205	3,019
Deferred tax benefit	(1,579)	(1,579)	(73)
Amortization of premium (discount) on securities	1,099	309	(973)
Amortization of core deposit intangible	1,579	1,895	2,291
Amortization of mortgage servicing rights - net	1,947	1,535	1,295
Amortization of premiums on purchased loans - net		8,384	(4,909)
Gain on sale of REO			(742)
Gain on sale of loans	(21,459)	(15,140)	(4,218)
Loss on sale of securities			316
Gain from hedging activities			(655)
Valuation allowance on mortgage servicing rights - net	1,899	1,424
Increase in other assets	(39,173)	(38,899)	(1,352)
Increase in accounts payable and other liabilities	23,336	12,593	5,929
Net cash provided by operating activities	96,935	67,442	60,437
Cash Flows from Investing Activities:
Net increase in loans	(1,623,291)	(794,305)	(802,578)
Proceeds from sale of loans	580,417	553,148	573,897
Proceeds from sale of REO			1,557
Purchase of premises and equipment	(3,207)	(2,862)	(2,229)
Recovery of allowance for credit losses	999	1,003	1,855
Purchases of securities AFS	(454,788)	(56,629)	(577,802)
Proceeds from sale of securities	3,500		283,893
Maturities of securities AFS	268,146	270,480	95,580
Cash in from merger	1,145,340
Sale (purchase) of FHLB and FRB stock, net	3,511	4,269	(1,212)
Net cash (used in) provided by investing activities	(79,373)	(24,896)	(427,039)
Cash Flows from Financing Activities:
Increase in deposits	727,539	1,022,289	358,176
Net (decrease) increase in FHLB advances	(255,000)	(478,000)	30,000
Line of credit net change - borrowings, net	17,085	4,000	5,000
Dividends paid	(16,173)	(12,504)	(8,927)
Settlement of swap		(12,102)	(19,883)
Proceeds from exercise of stock options	2,759	915	334
Repurchase of stock	(1,722)	(2,824)	(23)
Net cash provided by financing activities	474,488	521,774	364,677
Increase (decrease) in cash and cash equivalents	492,050	564,320	(1,925)
Cash and cash equivalents at beginning of year	629,707	65,387	67,312
Cash and cash equivalents at end of period	1,121,757	629,707	65,387
Supplemental disclosures of cash flow information:
Income taxes	39,510	31,310	23,624
Interest	15,272	56,991	75,149
Noncash transactions:
Transfer of loans to loans held for sale	592,898	561,502	554,837
Mortgage servicing rights from loan sales	2,726	3,853	1,861
Chargeoffs against allowance for credit losses	1,824	$ 1,844	$ 2,692
Transfer of loans to REO	6,210
Acquisition:
Assets acquired, net of cash received	1,489,698
Liabilities assumed	2,357,600
Cash considerations	10
Stock consideration	283,011
Goodwill	$ 125,128

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business First Foundation Inc. (“FFI”) is a financial services holding company whose operations are conducted through its wholly owned subsidiaries: First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB” or the “Bank”) and the wholly owned subsidiaries of FFB, First Foundation Public Finance (“FFPF”), First Foundation Insurance Services (“FFIS”) and Blue Moon Management, LLC (collectively the “Company”). FFI also has two inactive wholly owned subsidiaries, First Foundation Consulting (“FFC”) and First Foundation Advisors, LLC (“FFA LLC”). In addition, FFA has set up a limited liability company, which is not included in these consolidated financial statements, as a private investment fund to provide an investment vehicle for its clients. FFI is incorporated in the state of Delaware. The corporate headquarters for FFI is located in Dallas, Texas. The Company has offices in California, Nevada, Florida, Texas, and Hawaii. FFA, established in 1985 and incorporated in the state of California, began operating in 1990 as a fee-based registered investment advisor. FFA provides (i) investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions and private foundations; (ii) financial, investment and economic advisory and related services to high net-worth individuals and their families, family-owned businesses, and other related organizations; and (iii) support services involving the processing and transmission of financial and economic data for charitable organizations. At the end of 2021, these services were provided to approximately 1,700 clients, primarily located in Southern California, with an aggregate of $5.7 billion of assets under management. The Bank commenced operations in 2007, is incorporated in the state of California and currently operates in California, Nevada, Florida, Texas, and in Hawaii. The Bank offers a wide range of deposit instruments including personal and business checking and savings accounts, including interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit (“CD”) accounts. As a lender, the Bank originates, and retains for its portfolio, loans secured by real estate and commercial loans. Approximately 91% of the Bank’s loans are to clients located in California. The Bank also offers a wide range of specialized services including trust services, on-line banking, remote deposit capture, merchant credit card services, ATM cards, Visa debit cards, business sweep accounts, and through FFIS, insurance brokerage services. The Bank has a state non-member bank charter and is subject to continued examination by the California Department of Financial Protection and Innovation and the Federal Deposit Insurance Corporation (“FDIC”). At December 31, 2021, the Company employed 674 employees. Basis of Presentation The consolidated financial statements have been prepared in conformity with U. S. GAAP and prevailing practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses during the reporting periods and related disclosures. Actual results could differ significantly from those estimates. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All inter-company balances and transactions have been eliminated in consolidation. Variable Interest Entities The Company may have variable interests in Variable Interest Entities (“VIEs”) arising from debt, equity or other monetary interests in an entity, which change with fluctuations in the fair value of the entity’s assets. VIEs are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. The primary beneficiary of a VIE (i.e., the party that has a controlling financial interest) is required to consolidate the assets and liabilities of the VIE. The primary beneficiary is the party that has both (1) the power to direct the activities of an entity that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company has sold loans, in 2021, 2020, 2019, 2018, 2016 and 2015, through securitizations sponsored by a government sponsored entity, Freddie Mac, who also provided credit enhancement of the loans through certain guarantee provisions. The Company retained the right to provide servicing for the loans except for special servicing for which an unrelated third party was engaged by the VIE. For the 2016 and 2015 securitizations, the Company acquired the “B” piece of the securitizations, which is structured to absorb any losses from the securitizations, and interest only strips from the securitization. For the 2021, 2020, 2019, and 2018 securitizations, the Company provides collateral to support its obligation to reimburse for credit losses incurred on loans in the securitization. Because the Company does not act as the special servicer for the VIE and because of the power of Freddie Mac over the VIE that holds the assets from the mortgage loan securitizations, the Company is not the primary beneficiary of the VIE and therefore the VIE is not consolidated. Reclassifications Certain amounts in the 2020 consolidated financial statements have been reclassified to conform to the 2021 presentation. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash, due from banks, certificates of deposits with maturities of less than ninety days, investment securities with original maturities of less than ninety days, money market mutual funds and federal funds sold. At times, the Bank maintains cash at major financial institutions in excess of FDIC insured limits. However, as the Bank places these deposits with major well-capitalized financial institutions and monitors the financial condition of these institutions, management believes the risk of loss to be minimal. The Bank maintains most of its excess cash at the Federal Reserve Bank, with well-capitalized correspondent banks or with other depository institutions at amounts less than the FDIC insured limits. At December 31, 2021, included in cash and cash equivalents were $946 million in funds held at the Federal Reserve Bank. Banking regulations require that banks maintain a percentage of their deposits as reserves in cash or on deposit with the Federal Reserve Bank. The Bank was in compliance with its reserve requirements as of December 31, 2021. Certificates of Deposit From time to time, the Company may invest funds with other financial institutions through certificates of deposit. Certificates of deposit are included as cash and cash equivalents. Certificates of deposit are carried at cost. Investment Securities Investment securities for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Investments not classified as trading securities nor as held-to-maturity securities are classified as available-for-sale securities and recorded at fair value. Unrealized gains or losses on available-for-sale securities are excluded from net income and reported as an amount net of taxes as a separate component of other comprehensive income included in shareholders’ equity. Premiums or discounts on held-to-maturity and available-for-sale securities are amortized or accreted into income using the interest method. Loan Origination Fees and Costs Loan origination fees and direct costs associated with lending are deferred and amortized to interest income as an adjustment to yield over the respective lives of the loans using the interest method. The amortization of deferred fees and costs is discontinued on loans that are placed on nonaccrual status. When a loan is paid off, any unamortized deferred fees and costs are recognized in interest income. Loans Held for Investment Loans held for investment are reported at the principal amount outstanding, net of cumulative chargeoffs, interest applied to principal (for loans accounted for using the cost recovery method), unamortized net deferred loan origination fees and costs and unamortized premiums or discounts on purchased loans. Interest on loans is accrued and recognized as interest income at the contractual rate of interest. When a loan is designated as held for investment, the intent is to hold these loans for the foreseeable future or until maturity or payoff. If subsequent changes occur, the Company may change its intent to hold these loans. Once a determination has been made to sell such loans, they are immediately transferred to loans held for sale and carried at the lower of cost or fair value. Loans Held for Sale Loans designated for sale through securitization or in the secondary market are classified as loans held for sale. Loans held for sale are accounted for at the lower of amortized cost or fair value. The fair value of loans held for sale is generally based on observable market prices from other loans in the secondary market that have similar collateral, credit, and interest rate characteristics. If quoted market prices are not readily available, the Company may consider other observable market data such as dealer quotes for similar loans or forward sale commitments. In certain cases, the fair value may be based on a discounted cash flow model. Related gains and losses are recognized in net gain on mortgage loan origination and sale activities. Nonaccrual Loans Loans are placed on nonaccrual status when the full and timely collection of principal and interest is doubtful, generally when the loan becomes 90 days or more past due for principal or interest payment. All payments received on nonaccrual loans are accounted for using the cost recovery method. Under the cost recovery method, all cash collected is applied to first reduce the principal balance. A loan may be returned to accrual status if all delinquent principal and interest payments are brought current and the collectability of the remaining principal and interest payments in accordance with the loan agreement is reasonably assured. Loans that are well secured and in the collection process may be maintained on accrual status, even if they are 90 days or more past due. Purchased Credit Deteriorated Loans The Company may purchase individual loans and groups of loans which have shown evidence of credit deterioration and are considered credit impaired. Purchased credit deteriorated (“PCD”) loans are recorded at the amount paid and there is no carryover of the seller’s allowance for credit losses. PCD loans are recorded at fair value reflecting the present value of the amounts expected to be collected. Income recognition on these PCD loans is based on a reasonable expectation about the timing and amount of cash flows to be collected. Acquired loans deemed impaired and considered collateral dependent, with the timing of the sale of loan collateral indeterminate, remain on nonaccrual status and have no accretable yield. All PCD loans were classified as accruing loans as of and subsequent to the acquisition date. Under ASC 326, the Bank’s allowance for credit losses includes a purchased assets with credit deterioration PCD element. The fair value mark related to PCD loans held for investment will only accrete the interest mark to interest expense over the remaining life of the PCD loans, while the non-PCD loans will accrete both the interest and credit marks over the remaining life of the non-PCD loans. Allowance for Credit Losses The ACL is a valuation allowance for probable incurred credit losses. Provisions for credit losses are charged to operations based on management’s evaluation of the estimated losses in its loan portfolio. The major factors considered in evaluating losses are historical chargeoff experience, delinquency rates, local and national economic conditions, the borrower’s ability to repay the loan and timing of repayments, and the value of any related collateral. Management’s estimate of fair value of the collateral considers current and anticipated future real estate market conditions, thereby causing these estimates to be particularly susceptible to changes that could result in a material adjustment to results of operations in the future. Recovery of the carrying value of such loans and related real estate is dependent, to a great extent, on economic, operating and other conditions that may be beyond the Bank’s control. The Bank’s primary regulatory agencies periodically review the allowance for credit losses and such agencies may require the Bank to recognize additions to the allowance based on information and factors available to them at the time of their examinations. Accordingly, no assurance can be given that the Bank will not recognize additional provisions for credit losses with respect to its loan portfolio. The allowance consists of specific and general reserves. Specific reserves relate to loans that are individually classified as impaired. Credit losses are charged against the allowance when management believes a loan balance is uncollectible. Subsequent recoveries, if any, are credited to the allowance. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The Bank considers a loan to be impaired when, based upon current information and events, it believes it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Bank bases the measurement of loan impairment using either the present value of the expected future cash flows discounted at the loan’s effective interest rate, or the fair value of the loan’s collateral properties. Impairment losses are included in the allowance for credit losses through a charge to provision for credit losses. Adjustments to impairment losses due to changes in the fair value of impaired loans’ collateral properties are included in the provision for credit losses. The Bank’s impaired loans include nonaccrual loans (excluding those collectively reviewed for impairment), certain restructured loans and certain performing loans less than ninety days delinquent that the Bank believes will likely not be collected in accordance with contractual terms of the loans. Loans, for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are generally considered troubled debt restructurings and classified as impaired. Commercial loans and loans secured by multifamily and commercial real estate are individually evaluated for impairment. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Bank determines the amount of reserve in accordance with the accounting policy for the allowance for credit losses. General reserves cover non-impaired loans and are based on historical loss rates for each portfolio segment, adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. Because the Bank has not experienced any meaningful amount of losses in any of its current portfolio segments, the Bank calculates the historical loss rates on industry data, specifically, loss rates published by the FDIC. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions, changes in the nature and volume of the portfolio; changes in the experience, ability and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit and the effect of other external factors such as competition and legal and regulatory requirements. The Bank continues to leverage economic projections and applies a two-year time horizon prior to reverting to the Bank’s historical loss experience, which continues to be deemed reasonable and supportable. Portfolio segments identified by the Bank include loans secured by residential real estate, including multifamily and single family properties, loans secured by commercial real estate, loans secured by vacant land and construction loans, commercial and industrial loans and consumer loans. Relevant risk characteristics for these portfolio segments generally include debt service coverage, loan-to-value ratios and financial performance on non-consumer loans and debt-to income, collateral type and loan-to-value ratios for consumer loans. The investment portfolio impacts the ACL through credit losses and/or cash flow changes. Cash flow impacts are the result when projected cash flow are lower than actual cash flow, primarily due to accelerated prepayments on Interest Only (“IO”) strips. Financial Instruments In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received. The Bank also has bank owned life insurance (“BOLI”) acquired through the TGRF acquisition. BOLI is recorded at the amount that can be realized under the insurance contract, which is the cash surrender value. The increase in the cash surrender value each period and the receipt of death benefits in excess of the cash surrender value would be recorded to “Other Income” in the income statement. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Real Estate Owned Real estate owned (“REO”) represents the collateral acquired through foreclosure in full or partial satisfaction of the related loan. REO is recorded at the fair value less estimated selling costs at the date of foreclosure. Any write-down at the date of transfer is charged to the allowance for credit losses related to loans. The recognition of gains or losses on sales of REO is dependent upon various factors relating to the nature of the property being sold and the terms of sale. REO values are reviewed on an ongoing basis and any decline in value is recognized as foreclosed asset expense in the current period, as are the net operating results from these assets. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization, which is charged to expense on a straight-line basis over the estimated useful lives of 3 to 10 years. Premises under leasehold improvements are amortized on a straight-line basis over the term of the lease or the estimated useful life of the improvements, whichever is shorter. Expenditures for major renewals and betterments of premises and equipment are capitalized and those for maintenance and repairs are charged to expense as incurred. A valuation allowance is established for any impaired long-lived assets. The Company did not have impaired long-lived assets as of December 31, 2021 or 2020. Federal Home Loan Bank Stock As a member of the Federal Home Loan Bank (“FHLB”), the Bank is required to purchase FHLB stock in accordance with its advances, securities and deposit agreement. This stock, which is carried at cost, may be redeemed at par value. However, there are substantial restrictions regarding redemption and the Bank can only receive a full redemption in connection with the Bank surrendering its FHLB membership. At December 31, 2021 and 2020, the Bank held $18 million and $17 million of FHLB stock, respectively. The Company does not believe that this stock is currently impaired and no adjustments to its carrying value have been recorded. Mortgage Servicing Rights When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. As of December 31, 2021 and 2020, the allowance for servicing rights was $3.3 million and $1.4 million, respectively. Servicing fee income, which is reported on the income statement as other income , Goodwill Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of net identifiable assets acquired. Subsequent to initial recognition, the Company will test goodwill for impairment on an annual basis by comparing the fair value of the reporting unit to its carrying amount. The goodwill recorded by the Company was recognized from acquisitions in 2015, 2017, 2018, and 2021, and was not considered impaired at December 31, 2021. Other Intangible Assets Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Other intangible assets consist of core deposit intangible assets arising from whole bank acquisitions and are amortized on an accelerated method over their estimated useful lives, which range from 7 to 10 years. At December 31, 2021 and 2020, core deposit intangible assets totaled $8.5 million and $6.8 million, respectively, and we recognized $1.6 million, $1.9 million and $2.3 million in core deposit intangible amortization expense in 2021, 2020 and 2019, respectively. Revenue Recognition On January 1, 2018, the Company adopted ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” Contracts with Customers Contracts with customers are open-ended, and we provide services on an ongoing basis for an unspecified contract term. For these ongoing services, the fees are variable, since they are dependent on factors such as the value of underlying assets under management or volume of transactions. Contract liabilities, or deferred revenue, are recorded when payments from customers are received in advance of providing services to customers. We generally receive payments for our services during the period or at the time services are provided, therefore, we do not have deferred revenue balances at period-end. Employees receive incentive compensation in the form of commissions, which are considered incremental and recoverable costs to obtain the contract. We utilize the practical expedient not to capitalize such costs as the amortization period of the asset is less than 12 months, and therefore we expense the commissions as incurred. Descriptions of our primary revenue-generating activities that are presented in our income statements are as follows: Interest on Loans Interest income is accrued daily on the Company’s outstanding loan balances. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued when reasonable doubt exists as to the full, timely collection of interest or principal and, generally, when a loan becomes contractually past due for ninety days or more with respect to principal or interest. The accrual of interest may be continued on a well-secured loan contractually past due ninety days or more with respect to principal or interest if the loan is in the process of collection or collection of the principal and interest is deemed probable. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period income. Interest on such loans is then recognized only to the extent that cash is received and where the future collection of principal is probable. Accrual of interest is resumed on loans only when, in the judgment of management, the loan is estimated to be fully collectible. The Bank continues to accrue interest on restructured loans since full payment of principal and interest is expected and such loans are performing or are less than ninety days delinquent and, therefore, do not meet the criteria for nonaccrual status. Restructured loans that have been placed on nonaccrual status are returned to accrual status when the remaining loan balance, net of any chargeoffs related to the restructure, is estimated to be fully collectible by management and performing in accordance with the applicable loan terms. Wealth management and trust fee income Asset management fees are billed on a monthly or quarterly basis based on the amount of assets under management and the applicable contractual fee percentage. Asset management fees are recognized as revenue in the period in which they are billed and earned. Financial planning fees are due and billed at the completion of the planning project and are recognized as revenue at that time. Service charges on deposit accounts Service charges on deposit accounts represent general service fees for monthly account maintenance and activity or transaction-based fees. Revenue is recognized when our performance obligation is completed which are generally monthly for account maintenance services or when a transaction has been completed. Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Gains and Losses on Sales of REO To record a sale of REO, the Bank evaluates if: (a) a commitment on the buyer’s part exists, (b) collection is probable in circumstances where the initial investment is minimal and (c) the buyer has obtained control of the asset, including the significant risks and rewards of the ownership. If there is no commitment on the buyer’s part, collection is not probable or the buyer has not obtained control of the asset, then a gain cannot be recognized. Other non-interest income includes revenue related to mortgage servicing activities and gains on sales of loans, which are not subject to the requirements of ASU 2014-09. Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of stock options, or other equity instruments, based on the grant-date fair value of those awards. This cost is recognized over the period in which an employee is required to provide services in exchange for the award, generally the vesting period. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for stock awards, including restricted stock units. Marketing Costs The Company expenses marketing costs, including advertising, in the period incurred. Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established if it is “more likely than not” that all or a portion of the deferred tax assets will not be realized. The tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense. Comprehensive Income Comprehensive income consists of net income and other comprehensive income. Changes in unrealized gains and losses on available-for-sale securities and the related tax costs or benefits are the only components of other comprehensive income for the Company. Earnings Per Share (“EPS”) Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units, which are determined using the treasury stock method. Fair Value Measurement Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates. Derivatives and Hedging Activities Derivative instruments and hedging activities are accounted for in accordance with FASB ASC Topic 815, “Derivatives and Hedging.” The fair value of derivative instruments are recognized as either assets or liabilities on the consolidated balance sheet. All derivatives are evaluated at inception as to whether or not they are hedging or non-hedging activities. For derivative instruments designated as non-hedging activities, the change in fair value is recognized currently in earnings. For derivative instruments designated as hedging activities, a qualitative analysis is performed at inception to determine if the derivative instrument is highly effective in achieving offsetting changes in fair value or cash flows attributable to the hedged risk during the period that the hedge is designated. Subsequently, a qualitative assessment of a hedge’s effectiveness is performed on a quarterly basis. For a fair value hedge, the change in fair value on the hedging instrument is recognized currently in earnings and the change in fair value on the hedged it

ACQUISITIONS

ACQUISITIONS	12 Months Ended
ACQUISITIONS	Dec. 31, 2021
ACQUISITIONS
ACQUISITIONS	NOTE 2: ACQUISITIONS On December 17, 2021, the Company completed the acquisition of TGR Financial, Inc. (“TGRF”) and its wholly owned subsidiary, First Florida Integrity Bank, through a merger of TGRF with and into the FFI followed immediately by the merger of First Florida Integrity Bank with and into FFB, in exchange for 11,352,232 shares of FFI common stock with a fair value of $24.93 per share. The primary reason for acquiring TGRF was to grow our operations in markets with attractive demographic and economic trends. The acquisition was accounted for under the purchase method of accounting. The acquired assets, assumed liabilities and identifiable intangible assets are recorded at their respective acquisition date fair values. Goodwill arising from the acquisition consists largely of the synergies and economies of scale expected from combining TGRF into FFI. None of the goodwill recognized is expected to be deductible for income tax purposes. The following table represents the assets acquired and liabilities assumed of TGRF as of December 17, 2021 and the fair value adjustments and amounts recorded by the Company in 2021 under the acquisition method of accounting: TGRF Book Fair Value (dollars in thousands) Value Adjustments Fair Value Assets Acquired: Cash and cash equivalents $ 1,145,335 $ 5 $ 1,145,340 Securities AFS 147,739 109 147,848 Securities held-to-maturity 71,790 2,115 73,905 Loans, net of deferred fees 1,045,193 (5,387) 1,039,806 Investment in FHLB stock 4,510 — 4,510 Premises and equipment, net 34,199 (4,180) 30,019 Deferred taxes 3,414 2,361 5,775 Bank owned life insurance 46,163 — 46,163 Goodwill and intangibles 181 128,227 128,408 Other assets 13,562 (298) 13,264 Total assets acquired $ 2,512,086 $ 122,952 $ 2,635,038 Liabilities Assumed: Deposits $ 2,170,676 $ 313 $ 2,170,989 Borrowings 177,114 1,929 179,043 Accounts payable and other liabilities 7,386 182 7,568 Total liabilities assumed 2,355,176 2,424 2,357,600 Excess of assets acquired over liabilities assumed 156,910 120,528 277,438 Total $ 2,512,086 $ 122,952 $ 2,635,038 Consideration: Stock issued $ 283,011 Cash paid 10 Total consideration $ 283,021 In many cases, the fair values of assets acquired and liabilities assumed were determined by estimating the cash flows expected to result from those assets and liabilities and discounting them at appropriate market rates. The most significant category of assets for which this procedure was used was that of acquired loans. The excess of expected cash flows above the fair value (Level 3 inputs) of the majority of loans will be accreted to interest income over the remaining lives of the loans in accordance with ASC 310-20. The fair values are estimates and are subject to adjustment for up to one year after the merger date. Management reclassified all acquired held-to-maturity securities to securities AFS. Certain loans, for which specific credit-related deterioration since origination was identified, are recorded at fair value reflecting the present value of the amounts expected to be collected. Income recognition on these PCD loans is based on a reasonable expectation about the timing and amount of cash flows to be collected. Acquired loans deemed impaired and considered collateral dependent, with the timing of the sale of loan collateral indeterminate, remain on nonaccrual status and have no accretable yield. All PCD loans were classified as accruing loans as of and subsequent to the acquisition date. In accordance with generally accepted accounting principles there was no carryover of the allowance for credit losses that had been previously recorded by TGRF. The Company recorded a deferred income tax asset of $5.8 million related to the acquisition of TGR, including operating loss carry-forwards of $0.1 million that are subject to limitation under Section 382 of the Internal Revenue Code. The fair value of savings and transaction deposit accounts acquired from TGRF were assumed to approximate their carrying value as these accounts have no stated maturity and are payable on demand. Certificates of deposit accounts were valued by comparing the contractual cost of the portfolio to an identical portfolio bearing current market rates (Level 2 inputs). The portfolio was segregated into pools based on remaining maturity. For each pool, the projected cash flows from maturing certificates were then calculated based on contractual rates and prevailing market rates. The valuation adjustment for each pool is equal to the present value of the difference of these two cash flows, discounted at the assumed market rate for a certificate with a corresponding maturity. This valuation adjustment will be accreted to reduce interest expense over the remaining maturities of the respective pools. The Company also recorded a core deposit intangible, which represents the value of the deposit relationships acquired from TGRF, of $3.3 million. The core deposit intangible will be amortized over a period of 10 years. Pro Forma Information (unaudited) The following table presents unaudited pro forma information as if the acquisition of TGRF had occurred on January 1, 2021 and January 1, 2020, for 2021 and 2020, respectively, after giving effect to certain adjustments. The unaudited pro forma information for these periods includes adjustments for interest income on loans acquired, amortization of intangibles arising from the transaction, adjustments for interest expense on deposits acquired, and the related income tax effects of all these items and the income tax costs or benefits derived from the income or loss before taxes of TGRF. The net effect of these pro forma adjustments was an increase of $13.1 million in net income for 2021 and a decrease in net income of $13.1 million for 2020. The unaudited pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected on the assumed dates. (dollars in thousands) 2021 2020 Net interest income $ 286,720 $ 252,362 Provision for loan losses 3,898 21,138 Noninterest income 75,689 58,526 Noninterest expenses 178,944 170,715 Income before taxes 179,567 119,035 Taxes on income 47,341 31,344 Net income $ 132,226 $ 87,691 Net income per share: Basic $ 2.34 $ 1.57 Diluted $ 2.33 $ 1.56 The revenues (net interest income and noninterest income) and net income for the period from December 17, 2021 to December 31, 2021 related to the operations acquired from TGRF and included in our results of operations for 2021 were approximately $1.6 million and $1.3 million, respectively.

FAIR VALUE

FAIR VALUE	12 Months Ended
FAIR VALUE	Dec. 31, 2021
FAIR VALUE
FAIR VALUE	NOTE 3: FAIR VALUE Assets Measured at Fair Value on a Recurring Basis Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Current accounting guidance establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Securities available for sale, investments in equity securities, and interest rate swaps are measured at fair value on a recurring basis depending upon whether the inputs are Level 1, 2 or 3 as described above. The following tables show the recorded amounts of assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurement Level (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2021: Investment securities available for sale: Collateralized mortgage obligations $ 13,825 $ — $ 13,825 $ — Agency mortgage-backed securities 928,989 — 928,989 — Municipal bonds 52,146 — 52,146 — SBA securities 27,972 — 27,972 — Beneficial interests in FHLMC securitization 11,580 — — 11,580 Corporate bonds 156,376 — 156,376 — U.S. Treasury 490 490 — — Investment in equity securities 16,025 16,025 — — Total assets at fair value on a recurring basis $ 1,207,403 $ 16,515 $ 1,179,308 $ 11,580 December 31, 2020: Investment securities available for sale: Agency mortgage-backed securities $ 723,995 $ — $ 723,995 $ — Municipal bonds 1,107 — 1,107 — Beneficial interests in FHLMC securitization 23,463 — — 23,463 Corporate bonds 58,358 — 58,358 — U.S. Treasury 503 503 — — 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 primarily due to securitization paydowns and due to $3.2 million in provisions for credit losses in 2021. Assets Measured at Fair Value on a Nonrecurring Basis From time to time, we may be required to measure at fair value other assets on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Loans Real Estate Owned Mortgage Servicing Rights. Fair Value of Financial Instruments FASB ASC 825, “Disclosures about Fair Value of Financial Instruments” requires disclosure of the fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate such value. The methodologies for estimating the fair value of financial assets and financial liabilities measured at fair value on a recurring and non-recurring basis are discussed above. The estimated fair value amounts have been determined by management using available market information and appropriate valuation methodologies, are based on the exit price notion set forth by ASU 2016-1. In cases where quoted market prices are not available, fair values are based on estimates using present value or other market value techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. The aggregate fair value amounts presented below do not represent the underlying value of the Company. Fair value estimates are made at a discrete point in time based on relevant market information and other information about the financial instruments. Because no active market exists for a significant portion of our financial instruments, fair value estimates are based in large part on judgments we make primarily regarding current economic conditions, risk characteristics of various financial instruments, prepayment rates, and future expected loss experience. These estimates are subjective in nature and invariably involve some inherent uncertainties. Additionally, unexpected changes in events or circumstances can occur that could require us to make changes to our assumptions and which, in turn, could significantly affect and require us to make changes to our previous estimates of fair value. In addition, the fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of existing and anticipated future customer relationships and the value of assets and liabilities that are not considered financial instruments, such as premises and equipment and other real estate owned. The following methods and assumptions were used to estimate the fair value of financial instruments: Cash and Cash Equivalents Interest-Bearing Deposits with Financial Institutions Investment Securities and evaluation for valuation. Level 1 investment securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 investment securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Investment securities classified as level 3 include beneficial interests in FHLMC securitizations. Significant assumptions in the valuation of these Level 3 investment securities as of December 31, 2021 included prepayment rates ranging from Federal Home Loan Bank Stock. Loans Held For Sale. Loans Held for Investment Deposits Borrowings The following table sets forth the estimated fair values and related carrying amounts of our financial instruments as of: Carrying Fair Value Measurement Level (dollars in thousands) Value 1 2 3 Total December 31, 2021: Assets: Cash and cash equivalents $ 1,121,757 $ 1,121,757 $ — $ — $ 1,121,757 Securities AFS, net 1,191,378 490 1,179,308 11,580 1,191,378 Loans held for sale 501,436 — 515,978 — 515,978 Loans, net 6,872,952 — — 7,072,878 7,072,878 Investment in FHLB stock 18,249 — 18,249 — 18,249 Investment in equity securities 16,025 16,025 — — 16,025 Liabilities: Deposits $ 8,811,960 $ 8,143,473 $ 668,487 $ — $ 8,811,960 Borrowings 210,127 165,930 — 44,197 210,127 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	12 Months Ended
SECURITIES	Dec. 31, 2021
SECURITIES
SECURITIES	NOTE 4: SECURITIES The following table provides a summary of the Company’s AFS securities portfolio as of: Amortized Gross Unrealized Allowance for Estimated (dollars in thousands) Cost Gains Losses Credit Losses Fair Value December 31, 2021: Collateralized mortgage obligations $ 13,862 $ — $ (37) $ — $ 13,825 Agency mortgage-backed securities 928,546 6,563 (6,120) — 928,989 Municipal bonds 52,052 94 — — 52,146 SBA securities 27,970 2 — — 27,972 Beneficial interests in FHLMC securitization 21,606 373 — (10,399) 11,580 Corporate bonds 154,027 2,441 (92) — 156,376 U.S. Treasury 499 — (9) — 490 Total $ 1,198,562 $ 9,473 $ (6,258) $ (10,399) $ 1,191,378 December 31, 2020: Agency mortgage-backed securities $ 705,752 $ 18,243 $ — $ — $ 723,995 Municipal bonds 1,012 95 — — 1,107 Beneficial interests in FHLMC securitization 30,497 211 — (7,245) 23,463 Corporate bonds 57,000 1,358 — — 58,358 U.S. Treasury 500 3 — — 503 Total $ 794,761 $ 19,910 $ — $ (7,245) $ 807,426 As of December 31, 2021, US Treasury securities of $0.5 million included in the table above are pledged as collateral to the State of California to meet regulatory requirements related to the Bank’s trust operations, $220 million of agency mortgage-backed securities are pledged as collateral as support for the Bank’s obligations under loan sales and securitizations agreements entered into from 2018 and 2021, and $176.2 million of SBA securities are pledged as collateral for repurchase agreements obtained from the TGRF acquisition. In 2019 we sold $284 million of securities and recognized a loss of $0.3 million. The tables below indicate the gross unrealized losses and fair values of our investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. Securities with Unrealized Loss at December 31, 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 Collateralized mortgage obligations $ 12,971 $ (37) $ — $ — $ 12,971 $ (37) Agency mortgage-backed securities 434,973 (5,051) 36,136 (1,069) 471,109 (6,120) Corporate bonds 47,880 (92) — — 47,880 (92) U.S. Treasury 491 (9) — — 491 (9) Total temporarily impaired securities $ 496,315 $ (5,189) $ 36,136 $ (1,069) $ 532,451 $ (6,258) Securities with Unrealized Loss at December 31, 2019 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) Value Loss Value Loss Value Loss Agency mortgage-backed securities $ 5,488 $ (2) $ 13,880 $ (144) $ 19,368 $ (146) Beneficial interests in FHLMC securitization 20,609 (2,856) 3,220 (3,825) 23,829 (6,681) Total temporarily impaired securities $ 26,097 $ (2,858) $ 17,100 $ (3,969) $ 43,197 $ (6,827) There were no unrealized losses on our investments as of December 31, 2020. Unrealized losses in agency mortgage backed securities, beneficial interests in FHLMC securitizations, and other securities have not been recognized into income because the issuer bonds are of high credit quality, management does not intend to sell, it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in discount rates and assumptions regarding future interest rates. The fair value is expected to recover as the bonds approach maturity. The following is a rollforward of the Bank’s allowance for credit losses related to investments for the year ended December 31: (dollars in thousands) Total Year Ended December 31, 2021: Beginning balance $ 7,245 Provision for credit losses 3,154 Balance: December 31, 2021 $ 10,399 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, other than agency mortgage backed securities, and the related weighted average yield is as follows as of: Less than 1 Through 5 Through After (dollars in thousands) 1 Year 5 years 10 Years 10 Years Total December 31, 2021 Amortized Cost: Corporate bonds $ 3,505 $ 11,634 $ 133,352 $ 5,535 $ 154,026 Municipal bonds and U.S. Treasury — 1,846 35,080 15,625 52,551 Total $ 3,505 $ 13,480 $ 168,432 $ 21,160 $ 206,577 Weighted average yield (4.82) % 2.36 % 3.75 % 3.85 % 3.52 % Estimated Fair Value: Corporate bonds $ 3,505 $ 11,624 $ 135,653 $ 5,594 $ 156,376 Municipal bonds and U.S. Treasury — 1,916 35,091 15,629 52,636 Total $ 3,505 $ 13,540 $ 170,744 $ 21,223 $ 209,012 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 Municipal bonds and U.S. Treasury 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 Municipal bonds and U.S. Treasury 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 in FHLMC securitizations as of December 31, 2021 and 2020 was 1.67% and 2.39%, respectively.

LOANS

LOANS	12 Months Ended
LOANS	Dec. 31, 2021
LOANS
LOANS	NOTE 5: LOANS The following is a summary of our loans as of: December 31, December 31, (dollars in thousands) 2021 2020 Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 2,886,055 $ 2,247,542 Single family 933,445 806,014 Total real estate loans secured by residential properties 3,819,500 3,053,556 Commercial properties 1,309,200 747,807 Land and construction 156,028 55,832 Total real estate loans 5,284,728 3,857,195 Commercial and industrial loans 1,598,422 918,676 Consumer loans 10,834 18,888 Total loans 6,893,984 4,794,759 Premiums, discounts and deferred fees and expenses 12,744 9,040 Total $ 6,906,728 $ 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 December 31, 2021: Real estate loans: Residential properties $ 1,519 $ 310 $ — $ 3,281 $ 5,110 $ 3,827,385 $ 3,832,495 Commercial properties 2,934 — — 1,529 4,463 1,305,112 1,309,575 Land and construction — — — — — 155,926 155,926 Commercial and industrial loans 303 260 — 3,520 4,083 1,593,782 1,597,865 Consumer loans — — — — — 10,867 10,867 Total $ 4,756 $ 570 $ — $ 8,330 $ 13,656 $ 6,893,072 $ 6,906,728 Percentage of total loans 0.07 % 0.01 % — % 0.12 % 0.20 % 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 December 31, 2021: Real estate loans: Residential properties $ — $ 3,281 Commercial properties — 1,529 Commercial and industrial loans 1,733 1,788 Total $ 1,733 $ 6,598 December 31, 2020: Real estate loans: Residential properties $ 2,987 $ 7,959 Commercial properties — 4,544 Commercial and industrial loans 2,581 2,557 Total $ 5,568 $ 15,060 The following table presents the composition of TDRs by accrual and nonaccrual status as of: December 31, 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 1,021 1,174 2,195 1,107 1,277 2,384 Commercial and industrial loans 493 2,030 2,523 1,041 2,832 3,873 Total $ 2,714 $ 3,204 $ 5,918 $ 3,348 $ 4,109 $ 7,457 The following tables provide information on loans that were modified as TDRs during the following periods: Outstanding Recorded Investment (dollars in thousands) Number of loans Pre-Modification Post-Modification Financial Impact Year Ended December 31, 2021: Commercial and industrial loans 1 $ 346 $ 346 $ — Total 1 $ 346 $ 346 $ — 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/or an extension of the maturity date of the loans. These loans have been paying in accordance with the terms of their restructure.

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	12 Months Ended
ALLOWANCE FOR CREDIT LOSSES	Dec. 31, 2021
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES	NOTE 6: ALLOWANCE FOR CREDIT LOSSES The following is a rollforward of the Bank’s allowance for credit losses for the years ended December 31: Beginning Adoption of Provision for Initial Allowance on Ending (dollars in thousands) Balance ASC 326 Credit Losses Acquired PCD Loans Chargeoffs Recoveries Balance 2021: Real estate loans: Residential properties $ 5,115 $ — $ (1,453) $ 93 $ (1,118) $ — $ 2,637 Commercial properties 8,711 — 774 7,564 — — 17,049 Land and construction 892 — 1,051 52 — — 1,995 Commercial and industrial loans 9,249 — 614 1,836 (706) 999 11,992 Consumer loans 233 — (130) — — — 103 Total $ 24,200 $ — $ 856 $ 9,545 $ (1,824) $ 999 $ 33,776 2020: Real estate loans: Residential properties $ 8,423 $ 363 $ (3,671) $ — $ — $ — $ 5,115 Commercial properties 4,166 3,760 785 — — — 8,711 Land and construction 573 92 227 — — — 892 Commercial and industrial loans 7,448 — 2,642 — (1,844) 1,003 9,249 Consumer loans 190 — 43 — — — 233 Total $ 20,800 $ 4,215 $ 26 $ — $ (1,844) $ 1,003 $ 24,200 2019: Real estate loans: Residential properties $ 9,216 $ — $ (793) $ — $ — $ — $ 8,423 Commercial properties 4,547 — (381) — — — 4,166 Land and construction 391 — 182 — — — 573 Commercial and industrial loans 4,628 — 3,653 — (2,687) 1,854 7,448 Consumer loans 218 — (24) — (5) 1 190 Total $ 19,000 $ — $ 2,637 $ — $ (2,692) $ 1,855 $ 20,800 The Bank has purchased loans for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows: (dollars in thousands) 2021 Par value of acquired loans $ 41,105 Allowance for credit losses at acquisition (9,545) Non-credit discount at acquisition (1,272) Purchase price of acquired loans $ 30,288 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 December 31, 2021: Allowance for credit losses: Real estate loans: Residential properties $ 111 $ 2,526 $ 2,637 Commercial properties 7,967 9,082 17,049 Land and construction 52 1,943 1,995 Commercial and industrial loans 2,386 9,606 11,992 Consumer loans — 103 103 Total $ 10,516 $ 23,260 $ 33,776 Loans: Real estate loans: Residential properties $ 9,593 $ 3,822,902 $ 3,832,495 Commercial properties 41,313 1,268,262 1,309,575 Land and construction 694 155,232 155,926 Commercial and industrial loans 9,963 1,587,902 1,597,865 Consumer loans — 10,867 10,867 Total $ 61,563 $ 6,845,165 $ 6,906,728 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 Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as loans secured by multifamily or commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Bank uses the following definitions for risk ratings: Pass: Special Mention: Substandard: Impaired: Additionally, all loans classified as troubled debt restructurings (“TDRs”) are considered impaired. Purchased credit deteriorated loans are not considered impaired loans for these purposes. Loans listed as pass include larger non-homogeneous loans not meeting the risk rating definitions above and smaller, homogeneous loans not assessed on an individual basis. 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 December 31, 2021: Loans secured by Real Estate: Residential Multifamily Pass $ 1,092,903 $ 868,483 $ 418,346 $ 265,872 $ 141,433 $ 108,529 $ — $ 2,895,566 Special Mention — — 1,177 — — — — 1,177 Substandard — — — — — — — — Total $ 1,092,903 $ 868,483 $ 419,523 $ 265,872 $ 141,433 $ 108,529 $ — $ 2,896,743 Single Family Pass $ 278,337 $ 122,530 $ 52,995 $ 60,559 $ 57,174 $ 280,216 $ 74,934 $ 926,745 Special Mention — — — — — — 26 26 Substandard — — — — 1,873 6,830 278 8,981 Total $ 278,337 $ 122,530 $ 52,995 $ 60,559 $ 59,047 $ 287,046 $ 75,238 $ 935,752 Commercial Real Estate Pass $ 114,678 $ 39,135 $ 59,426 $ 94,930 $ 115,614 $ 804,295 $ — $ 1,228,078 Special Mention — — 23,495 — — 30,389 — 53,884 Substandard — — 2,934 — 2,217 22,462 — 27,613 Total $ 114,678 $ 39,135 $ 85,855 $ 94,930 $ 117,831 $ 857,146 $ — $ 1,309,575 Land and construction Pass $ 14,738 $ — $ 17,692 $ 31,952 $ 2,529 $ 88,321 $ — $ 155,232 Special Mention — — — — — 694 — 694 Substandard — — — — — — — — Total $ 14,738 $ — $ 17,692 $ 31,952 $ 2,529 $ 89,015 $ — $ 155,926 Commercial Pass $ 471,431 $ 191,405 $ 88,050 $ 20,709 $ 5,531 $ 167,201 $ 636,507 $ 1,580,834 Special Mention 883 1,101 833 — — 1,370 2,790 6,977 Substandard — 1,535 1,765 982 192 2,688 2,892 10,054 Total $ 472,314 $ 194,041 $ 90,648 $ 21,691 $ 5,723 $ 171,259 $ 642,189 $ 1,597,865 Consumer Pass $ 54 $ — $ — $ 1,174 $ — $ 2,617 $ 7,022 $ 10,867 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 54 $ — $ — $ 1,174 $ — $ 2,617 $ 7,022 $ 10,867 Total loans Pass $ 1,972,141 $ 1,221,553 $ 636,509 $ 475,196 $ 322,281 $ 1,451,179 $ 718,463 $ 6,797,322 Special Mention 883 1,101 25,505 — — 32,453 2,816 62,758 Substandard — 1,535 4,699 982 4,282 31,980 3,170 46,648 Total $ 1,973,024 $ 1,224,189 $ 666,713 $ 476,178 $ 326,563 $ 1,515,612 $ 724,449 $ 6,906,728 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 ACL allocated to these loans as of: Equipment/ ACL (dollars in thousands) Real Estate Cash Receivables Total Allocation December 31, 2021: Loans secured by Real Estate: Residential properties Single family $ 2,568 $ — $ — $ 2,568 $ — Commercial loans — 250 — 250 — Total $ 2,568 $ 250 $ — $ 2,818 $ — 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

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
PREMISES AND EQUIPMENT	Dec. 31, 2021
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	NOTE 7: PREMISES AND EQUIPMENT A summary of premises and equipment is as follows at December 31: (dollars in thousands) 2021 2020 Leasehold improvements and artwork $ 22,331 $ 7,762 Information technology equipment 12,205 11,155 Furniture and fixtures 3,920 3,503 Land and auto 16,943 805 Total 55,399 23,225 Accumulated depreciation and amortization (17,479) (15,213) Net $ 37,920 $ 8,012

REAL ESTATE OWNED

REAL ESTATE OWNED	12 Months Ended
REAL ESTATE OWNED	Dec. 31, 2021
REAL ESTATE OWNED
REAL ESTATE OWNED	NOTE 8: REAL ESTATE OWNED The activity in our portfolio of REO is as follows during the periods ending December 31: (dollars in thousands) 2021 2020 Beginning balance $ — $ — Loans transferred to REO 6,210 — REO acquired in merger — — Dispositions of REO — — Ending balance $ 6,210 $ —

LOAN SALES AND MORTGAGE SERVICI

LOAN SALES AND MORTGAGE SERVICING RIGHTS	12 Months Ended
LOAN SALES AND MORTGAGE SERVICING RIGHTS	Dec. 31, 2021
LOAN SALES AND MORTGAGE SERVICING RIGHTS
LOAN SALES AND MORTGAGE SERVICING RIGHTS	NOTE 9: LOAN SALES AND MORTGAGE SERVICING RIGHTS In 2021, FFB sold $559 million of multifamily loans and recognized a gain of $21.5 million. In 2020, FFB sold $553 million of multifamily loans and recognized a gain of $15.1 million. In 2019, FFB recognized $4.2 million of gains on the sale of $549 million of multifamily loans. For the sales of multifamily loans in 2021, 2020, and 2019, FFB retained servicing rights for the majority of these loans and recognized mortgage servicing rights as part of the transactions. As of December 31, 2021, and 2020, mortgage servicing rights were $6.8 million and $7.9 million, respectively, net of valuation allowances of $1.9 million and $1.4 million, respectively. The amount of loans serviced for others totaled $1.7 billion and $1.7 billion at December 31, 2021 and 2020, respectively. Servicing fees collected in 2021, 2020, and 2019 were $3.4 million, $1.6 million, and $1.7 million, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
DEPOSITS	Dec. 31, 2021
DEPOSITS
DEPOSITS	NOTE 10: DEPOSITS The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: 2021 2020 Weighted Weighted (dollars in thousands) Amount Average Rate Amount Average Rate Demand deposits: Noninterest-bearing $ 3,280,455 — $ 1,655,847 — Interest-bearing 2,242,684 0.070 % 871,289 0.372 % Money market and savings 2,620,336 0.275 % 2,407,401 0.549 % Certificates of deposits 668,485 0.145 % 978,896 0.591 % Total $ 8,811,960 0.111 % $ 5,913,433 0.376 % At December 31, 2021, of the $367 million of certificates of deposits of $250,000 or more, $361 million mature within one year and $6 million mature after one year. Of the $301 million of certificates of deposit of less than $250,000, $229 million mature within one year and $72 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	12 Months Ended
BORROWINGS	Dec. 31, 2021
BORROWINGS
BORROWINGS	NOTE 11: BORROWINGS At December 31, 2021, our borrowings consisted of $26 million in subordinated notes, $166 million of repurchase agreements, and $18.5 million of borrowings under a holding company line of credit. At December 31, 2020, our borrowings consisted of $255 million in FHLB term advances at the Bank, and $14 million of borrowings under a holding company line of credit. The subordinated notes mature in June 2030 and bear a fixed interest rate of 6.0%, until June 30, 2025, at which time they will convert to a floating rate based on three month Secured Overnight Financing Rate (“SOFR”), plus 590 FHLB advances are collateralized by loans secured by multifamily and commercial real estate properties with a carrying value of $4 billion as of December 31, 2021. As a matter of practice, the Bank provides substantially all of its qualifying loans as collateral to the FHLB. The Bank’s total remaining borrowing capacity from the FHLB at December 31, 2021 was $2.7 billion. The Bank had in place $277 million of letters of credit from the FHLB which are used to meet collateral requirements for borrowings from the State of California and local agencies. During 2017, FFI entered into a loan agreement with an unaffiliated lender that provides for a revolving line of credit for up to $40 million. The loan agreement matures in five years, with an option to extend the maturity date subject to certain conditions, and bears interest at 90 day SOFR plus 350 The Company obtained repurchase agreements from the TGRF acquisition. The agreements are treated as overnight borrowings, with the obligations to repurchase securities sold reflected as a liability. The investment securities underlying the agreements remain in the Company’s securities AFS accounts. As of December 31, 2021, the repurchase agreements weighted average rate was 0.001%, and are collateralized by investment securities with fair value of approximately $176.2 million. The Bank also has $195 million available unsecured fed funds lines, ranging in size from $20 million to $100 million, with five

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
SHAREHOLDERS' EQUITY	Dec. 31, 2021
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY	NOTE 12: SHAREHOLDERS’ EQUITY FFI is a holding company and does not have any direct operating activities. Any future cash flow needs of FFI are expected to be met by its existing cash and cash equivalents and dividends from its subsidiaries. The Bank is subject to various laws and regulations that limit the amount of dividends that a bank can pay without obtaining prior approval from bank regulators. Additionally, under the terms of the holding company line of credit agreement, FFI may only declare and pay a dividend if the total amount of dividends and stock repurchases during the current twelve months does not exceed 50% of FFI’s net income for the same twelve month period. As of December 31, 2021, FFI’s cash and cash equivalents totaled $21.8 million.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
EARNINGS PER SHARE	Dec. 31, 2021
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 13: EARNINGS PER SHARE The following table sets forth the Company’s earnings per share calculations for the years ended December 31: 2021 2020 2019 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Basic Diluted Net income $ 109,511 $ 109,511 $ 84,369 $ 84,369 $ 56,239 $ 56,239 Basic common shares outstanding 45,272,183 45,272,183 44,639,430 44,639,430 44,617,361 44,617,361 Effect of options, restricted stock and contingent shares issuable 187,357 261,375 293,904 Diluted common shares outstanding 45,459,540 44,900,805 44,911,265 Earnings per share $ 2.42 $ 2.41 $ 1.89 $ 1.88 $ 1.26 $ 1.25

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
STOCK BASED COMPENSATION	Dec. 31, 2021
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION	NOTE 14: STOCK BASED COMPENSATION In 2007, the Board of Directors of FFI approved two equity incentive plans that provided for the grant of stock options, shares of restricted stock, restricted stock units (“RSUs”), stock bonus awards and performance awards (collectively, “Equity Incentive Awards”) to the Company’s executive officers, other key employees and directors up to 1,300,282 shares of the FFI’s common stock. In 2010, shareholders approved an increase of 580,000 in the number of shares available for issuance under one of these plans. In 2015, shareholders approved a new equity incentive plan whereby: the Company can no longer issue Equity Incentive Awards under the previously approved plans; 750,000 shares of common stock will be available for the grant of Equity Incentive Awards to the Company’s executive officers, other key employees and directors; Equity Incentive Awards that are outstanding under the prior plans will remain outstanding and unchanged and subject to the terms of those Plans; and upon termination, cancellation or forfeiture of any of the Equity Incentive Awards that are outstanding under the prior plans, those shares will be added to the pool of shares available for future grants of Equity Incentive Awards under the plan approved in 2015. The shares included above do not reflect the impact of the two for one stock split which occurred at the beginning of 2017. The Company recognized stock-based compensation expense of $2.8 million, $2.1 million, and $1.6 million in 2021, 2020, and 2019, respectively, related to RSUs. Stock options, when granted, have an exercise price not less than the current market value of the common stock and expire after ten years if not exercised. If applicable, vesting periods are set at the date of grant and the Plans provide for accelerated vesting should a change in control occur. The following table summarizes the activities in the Plans during 2021: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2020 374,050 $ 7.81 Options granted — — Options exercised (327,000) 7.69 Options forfeited — — Balance: December 31, 2021 47,050 8.68 1.96 Years $ 761 Options exercisable 47,050 $ 8.68 1.96 Years $ 761 The intrinsic value of stock options exercised in 2021 was $5.8 million. The following table summarizes the activities in the Plans during 2020: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2019 548,550 $ 7.79 Options granted — — Options exercised (117,500) 7.79 Options forfeited (57,000) 7.66 Balance: December 31, 2020 374,050 7.81 1.08 Years $ 3,586 Options exercisable 374,050 $ 7.81 1.08 Years $ 3,586 The intrinsic value of stock options exercised in 2020 was $0.8 million. The following table summarizes the activities in the Plans during 2019: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2018 592,550 $ 7.78 Options granted — — Options exercised (44,000) 7.60 Options forfeited — — Balance: December 31, 2019 548,550 7.79 2.02 Years $ 5,270 Options exercisable 548,550 $ 7.79 2.02 Years $ 5,270 The intrinsic value of stock options exercised in 2019 was $0.3 million. The following table provides a summary of the RSUs issued by the Company under its equity incentive plans for the periods ended December 31: 2021 2020 2019 Weighted Weighted Weighted Average Grant Average Grant Average Grant Shares Date Fair Value Shares Date Fair Value Shares Date Fair Value Balance: January 1 193,190 $ 15.32 139,278 $ 15.69 114,320 $ 17.51 New RSUs 134,973 23.33 159,186 15.26 157,494 15.18 Shares vested and issued (126,528) 17.45 (103,741) 15.74 (132,536) 16.65 RSUs forfeited (2,061) 20.06 (1,533) — — — Balance December 31 199,574 $ 19.34 193,190 $ 15.32 139,278 $ 15.69 The fair value of the shares vested and issued was $2.2 million, $1.6 million and $2.0 million in 2021 2020 2019

401(k) PROFIT SHARING PLAN

401(k) PROFIT SHARING PLAN	12 Months Ended
401(k) PROFIT SHARING PLAN	Dec. 31, 2021
401(k) PROFIT SHARING PLAN
401(k) PROFIT SHARING PLAN	NOTE 15: 401(k) PROFIT SHARING PLAN The Company’s employees participate in the Company’s 401(k) profit sharing plan (the “401k Plan”) that covers all employees eighteen years of age or older who have completed three months of employment. Each employee eligible to participate in the 401k Plan may contribute up to 100% of his or her compensation, subject to certain statutory limitations. In 2021, 2020, and 2019, the Company matched 100% of a participant’s contribution up to 3% of a participant’s compensation and an additional 50% of a participant’s contribution up to the next 2% of a participant’s compensation. These employer contributions are subject to the plan’s vesting schedule. The Company contributions of $2.2 million, $1.8 million and $1.9 million were included in compensation and benefits for 2021, 2020 and 2019, respectively. The Company may also make an additional profit sharing contribution on behalf of eligible employees. No profit sharing contributions were made in 2021, 2020 or 2019.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2021
INCOME TAXES
INCOME TAXES	NOTE 16: INCOME TAXES The Company is subject to federal income tax and California franchise tax. Income tax expense (benefit) was as follows for the years ended December 31: (dollars in thousands) 2021 2020 2019 Current expense: Federal $ 28,550 $ 23,316 $ 15,411 State 15,303 12,661 7,922 Deferred expense (benefit): Federal (867) (1,315) (235) State (712) (264) 162 Total $ 42,274 $ 34,398 $ 23,260 The following is a comparison of the federal statutory income tax rates to the Company’s effective income tax rate for the years ended December 31: 2021 2020 2019 (dollars in thousands) Amount Rate Amount Rate Amount Rate Income before taxes $ 151,785 $ 118,767 $ 79,499 Federal tax statutory rate $ 31,875 21.00 % $ 24,941 21.00 % $ 16,695 21.00 % State tax, net of Federal benefit 12,262 8.08 % 9,612 8.09 % 6,405 8.06 % Windfall benefit – exercise of stock options (1,708) (1.13) % (118) (0.10) % — — % Transaction costs 551 0.36 % — — % — — % Low income housing, net benefit (732) (0.48) % (638) (0.54) % — — % Tax exempt interest income (1,014) (0.67) % (150) (0.12) % — — % Other items, net 1,040 0.69 % 751 0.63 % 160 0.20 % Effective tax rate $ 42,274 27.85 % $ 34,398 28.96 % $ 23,260 29.26 % Deferred taxes are a result of differences between income tax accounting and generally accepted accounting principles with respect to income tax recognition. The following is a summary of the components of the net deferred tax assets recognized in the accompanying consolidated balance sheets at December 31: (dollars in thousands) 2021 2020 Deferred tax assets (liabilities) Allowance for credit and REO losses $ 14,062 $ 8,546 Operating loss carryforwards 1,775 1,924 State taxes 3,157 2,611 Stock-based compensation 538 558 Market valuation: merger 3,252 2,438 Capital activities – mark to market 3,927 847 Compensation related 1,343 1,210 Core deposit intangible (2,471) (1,977) Prepaid expenses (1,853) (1,234) Depreciation (1,065) (1,014) Accumulated other comprehensive income (945) (5,824) Other (885) 518 Net deferred tax assets $ 20,835 $ 8,603 As part of a merger in 2012, the Company acquired operating loss carryforwards of $13.4 million. These operating loss carryforwards are subject to limitation under Section 382 of the Internal Revenue Code and expire in 2032. As a result, the Company will only be able to utilize operating loss carryforwards of $8.2 million, ratably over a period of 20 years. As part of a merger in 2015, the Company acquired operating loss carryforwards of $3.6 million. These operating loss carryforwards are subject to limitation under Section 382 of the Internal Revenue Code and expire in 2035. As part of the mergers in 2017 and 2018, the Company acquired operating loss carryforwards of $0.7 and $3.2 million, respectively. These operating loss carryforwards are subject to limitation under Section 382 of the Internal Revenue Code and have been fully utilized as of the end of 2020. As part of a merger in 2021, the Company acquired operating loss carryforwards of $0.1 million. These operating loss carryforwards are subject to limitation under Section 382 of the Internal Revenue Code and expire in 2033. As of December 31, 2021, the remaining operating loss carryforwards from the 2012 and 2015 acquisitions available to be utilized by the Company were $6.0 million. The Company has no other operating loss carryforwards. The Company’s federal income tax returns for the periods 2018 through 2020 are open to audit. The Company’s California and other state income tax returns for the periods ranging between 2017 through 2020 are open to audit.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 17: COMMITMENTS AND CONTINGENCIES Leases The Company adopted ASU 2016-02, Leases (Topic 842), The Company leases certain facilities for its corporate offices and branch operations under non-cancelable operating leases that expire through 2029. All leases were classified as operating leases and therefore, were previously not recognized on the Company’s consolidated balance sheet. With the adoption of Topic 842, operating lease agreements are required to be recognized on the consolidated balance sheet as a right-of-use (“ROU”) asset and a corresponding lease liability. Certain leases include options to renew, with renewal terms that can extend the lease term. The depreciable life of leased assets are limited by the expected lease term. Adoption of this standard resulted in the Company recognizing a right of use asset of $21.1 million, a corresponding lease liability of $22.7 million on January 1, 2019 and eliminated a $1.6 million deferred rent liability recognized under previous accounting standards. Supplemental lease information at or for the twelve months ended December 31, 2021 is as follows: (dollars in thousands) Balance Sheet: Operating lease asset classified as other assets $ 19,384 Operating lease liability classified as other liabilities 20,575 Income Statement: Operating lease cost classified as occupancy and equipment expense $ 6,559 Weighted average lease term, in years 4.57 Weighted average discount rate 4.85 % Operating cash flows $ 6,794 The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used. The Company leases certain facilities for its corporate offices and branch operations under non-cancelable operating leases that expire through 2029. Lease expense for 2021, 2020, and 2019 was $6.5 million, $6.1 million, and $5.9 million, respectively. Future minimum lease commitments under all non-cancelable operating leases at December 31, 2021 are as follows: (dollars in thousands) 2022 $ 7,068 2023 4,588 2024 4,269 2025 3,584 2026 and after 5,178 Total future minimum lease payments $ 24,687 Discount on cash flows (4,112) Total lease liability $ 20,575 Financial Instruments with Off-Balance Sheet Risk In the normal course of business, the Bank is a party to financial instruments with off-balance sheet risk to meet the financing needs of customers and to reduce exposure to fluctuations in interest rates. These financial instruments may include commitments to extend credit and standby and commercial letters of credit. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Standby and commercial letters of credit and financial guarantees are conditional commitments issued by the Bank to guaranty the performance of a customer to a third party. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The following table provides the off-balance sheet arrangements of the Bank as of December 31: (dollars in thousands) 2021 2020 Commitments to fund new loans $ 29,545 $ 36,143 Commitments to fund under existing loans, lines of credit 881,605 517,169 Commitments under standby letters of credit 14,576 15,589 Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include deposits, marketable securities, accounts receivable, inventory, property, plant and equipment, motor vehicles and real estate. Litigation From time to time, the Company may become party to various lawsuits, which have arisen in the course of business. While it is not possible to predict with certainty the outcome of such litigation, it is the opinion of management, based in part upon opinions of counsel, that the liability, if any, arising from such lawsuits would not have a material adverse effect on the Company’s financial position or results of operations.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	12 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES	Dec. 31, 2021
DERIVATIVES AND HEDGING ACTIVITIES
DERIVATIVES AND HEDGING ACTIVITIES	NOTE 18: DERIVATIVES AND HEDGING ACTIVITIES Derivatives, specifically interest rate swaps, are used by the Company to reduce the risk that significant increases in interest rates may have on the value of loans held for sale. Derivative transactions are measured in terms of notional amount, which is not recorded in the consolidated statements of financial condition. The notional amount is generally not exchanged and is used as the basis for interest and other contractual payments. Derivatives are reported at their respective fair values in other assets or other liabilities on the consolidated balance sheet, with changes in fair value recognized currently in earnings. During the fourth quarter of 2018, we entered into two swap agreements, with combined notional amounts of $500 million, to offset the impact of changes in interest rates on the value of loans held for sale. These swaps were designated as fair value hedges using the last-of-layer method with the interest rate risk component of the loans held for sale designated as the hedged risk. During the second quarter of 2018, we entered into four interest rate swap agreements, with combined notional amounts of $652 million, to mitigate against the effect of increases in interest rates on loans held for sale. These swaps were designated as non-hedging activities and were closed out in the third quarter of 2018. During 2018, the payment of the difference between the fixed and floating rate of these interest rate swaps resulted in a $0.8 million reduction in loan interest income and the increase in value of these interest rate swaps of $5.9 million was included in gain on sale of loans in 2018. The following table provides the effect of fair value hedge accounting on the consolidated income statement for 2020, including the location and amount of gain or (loss) recognized in income on fair value hedging relationships: Interest Income - (dollars in thousands) Loans Gain or (Loss): Interest contracts: Hedged items $ 12,102 Derivatives designated as hedging instruments (11,476) The following table provides the effect of fair value hedge accounting on the consolidated income statement for 2019, including the location and amount of gain or (loss) recognized in income on fair value hedging relationships: Interest Income - (dollars in thousands) Loans Gain or (Loss): Interest contracts: Hedged items $ 25,006 Derivatives designated as hedging instruments (19,883) There were no derivative positions outstanding at December 31, 2021.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2021
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 19: RELATED-PARTY TRANSACTIONS The Bank held $6.2 million and $4.1 million of deposits from related parties, including directors and executive officers of the Company and their affiliates, as of December 31, 2021 and December 31, 2020, respectively. Interest paid on deposit accounts held by related parties was $37,000 in 2021, $22,000 in 2020 and $30,000 in 2019. As of December 31, 2021, related parties, including directors and executive officers of the Company and their affiliates, held $6.1 million in assets under management with FFA and FFB. In 2021, 2020, and 2019 the Company received $19,000, $0.1 million, and $0.1 million, respectively, in fees related to these assets under management. Two executive officers of FFB previously had minority interests in an entity which FFB uses for software services, for which FFB paid $0.6 million in 2021, $0.3 million in 2020, and $0.3 million in 2019. As of December 31, 2021, a director owns a $70,000 portion of subordinated notes held at FFI. The CEO of the Company is a director of another financial services company, and its financial institution subsidiary, that has deposits with the Bank and, in 2018 and 2017, purchased $52.1 million and $121.9 million of loans, respectively, from the Bank for which the Bank will continue to provide servicing. The balance of deposits held at the Bank was $0.2 million and $45.7 million at December 31, 2021 and December 31, 2020, respectively, and the interest paid by the Bank was $33,100 and $0.2 million in 2021 and 2020, respectively. The amount of loans serviced for this financial institution was $95 million at December 31, 2021. In 2017, the Bank participated in a subordinated note offering from the financial services company for $15 million. The Bank earned $0.8 million from this investment in 2021, 2020, and 2019.

QUALIFIED AFFORDABLE HOUSING PR

QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS	12 Months Ended
QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS	Dec. 31, 2021
QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS
QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS	NOTE 20: QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS The Company began investing in qualified affordable housing projects in the last quarter of 2019. These investments may qualify for Community Reinvestment Act (CRA) credit and generate low income housing tax credits (LIHTC) and other tax benefits over an approximate 10 year period. The Company records these investments using the proportional amortization method and amortizes the initial cost of the investment in proportion to the tax benefits, and the net benefit is recognized in the income statement as a component of income tax expense. At December 31, 2021 and December 31, 2020, the balance of the investment for qualified affordable housing projects was $59.0 million and $39.7 million, respectively. Total unfunded commitments related to the investments in qualified affordable housing projects was $45.2 million and $34.4 million at December 31, 2021 and December 31, 2020, respectively. The Company expects to fulfill these commitments between 2022 and 2033. During 2021, 2020, and 2019, the Company recognized amortization expense of $3.6 million, $2.6 million, and $161,000, respectively, and recognized tax credits from its investment in affordable housing tax credits of $3.2 million, $1.5 million, and $61,000, respectively. These amounts were included within income tax expense. The Company had no impairment losses during 2021, 2020, and 2019.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
REGULATORY MATTERS	Dec. 31, 2021
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 21: REGULATORY MATTERS FFI and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on FFI and the Bank’s financial condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of FFI and the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Under a new comprehensive capital framework for U.S. banking organizations, which became effective on January 1, 2015, with certain of their provisions phased-in over a several years through January 1, 2019, the Company (on a consolidated basis) and FFB (on a stand-alone basis) are required to meet specific capital adequacy requirements that, for the most part, involve quantitative measures, primarily in terms of the ratios of their capital to their assets, liabilities, and certain off-balance sheet items, calculated under regulatory accounting practices. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. FFI’s and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by the regulators to ensure capital adequacy require FFI and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to assets (as defined). Management believes, as of December 31, 2021 and December 31, 2020 that FFI and the Bank met all capital adequacy requirements. The following table sets forth the capital and capital ratios of FFI (on a consolidated basis) and FFB (on a stand-alone basis) as of the respective dates and as compared to the respective regulatory requirements applicable to them: To Be Well-Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio FFI December 31, 2021 CET1 capital ratio $ 846,515 11.34 % $ 335,801 4.50 % Tier 1 leverage ratio 846,515 8.43 % 401,645 4.00 % Tier 1 risk-based capital ratio 846,515 11.34 % 447,735 6.00 % Total risk-based capital ratio 887,821 11.90 % 596,980 8.00 % December 31, 2020 CET1 capital ratio $ 589,276 11.55 % $ 229,490 4.50 % Tier 1 leverage ratio 589,276 8.93 % 263,986 4.00 % Tier 1 risk-based capital ratio 589,276 11.55 % 305,987 6.00 % Total risk-based capital ratio 620,700 12.17 % 407,982 8.00 % BANK December 31, 2021 CET1 capital ratio $ 854,075 11.49 % $ 334,608 4.50 % $ 483,323 6.50 % Tier 1 leverage ratio 854,075 8.53 % 400,616 4.00 % 500,770 5.00 % Tier 1 risk-based capital ratio 854,075 11.49 % 446,144 6.00 % 594,859 8.00 % Total risk-based capital ratio 895,381 12.04 % 594,859 8.00 % 743,574 10.00 % December 31, 2020 CET1 capital ratio $ 591,171 11.63 % $ 228,703 4.50 % $ 330,349 6.50 % Tier 1 leverage ratio 591,171 8.98 % 263,330 4.00 % 329,162 5.00 % Tier 1 risk-based capital ratio 591,171 11.63 % 304,938 6.00 % 406,583 8.00 % Total risk-based capital ratio 622,595 12.25 % 406,583 8.00 % 508,229 10.00 % As of each of the dates set forth in the above table, the Company exceeded the minimum required capital ratios applicable to it and FFB’s capital ratios exceeded the minimums necessary to qualify as a well-capitalized depository institution under the prompt corrective action regulations. The required ratios for capital adequacy set forth in the above table do not include the additional capital conservation buffer, though each of the Company and FFB maintained capital ratios necessary to satisfy the capital conservation buffer requirements as of the dates indicated. As of December 31, 2021, the amount of capital at FFB in excess of amounts required to be Well Capitalized was $371 million for the CET-1 capital ratio, $353 million for the Tier 1 leverage ratio, $259 million for the Tier 1 risk-based capital ratio and $152 million for the Total risk-based capital ratio. No conditions or events have occurred since December 31, 2021 that we believe have changed FFI’s or FFB’s capital adequacy classifications from those set forth in the above table. If a banking organization does not hold a capital conservation buffer composed of common equity tier 1 capital above its minimum risk-based capital requirements, it will face constraints on dividends, equity repurchases and executive compensation based on the amount of the shortfall. The capital buffer, which is 2.5%, is measured against risk weighted assets and is therefore not applicable to the tier 1 leverage ratio. The following table sets forth the minimum capital ratios plus the applicable increment of the capital conservation buffer that took effect on January 1, 2019: CET-1 to risk-weighted assets 7.00 % Tier 1 capital (i.e., CET-1 plus Additional Tier 1) to risk-weighted assets 8.50 % Total capital (i.e., Tier 1 plus Tier 2) to risk-weighted assets 10.50 %

NONINTEREST INCOME

NONINTEREST INCOME	12 Months Ended
NONINTEREST INCOME	Dec. 31, 2021
NONINTEREST INCOME
NONINTEREST INCOME	NOTE 22: NONINTEREST INCOME The following table represents revenue from contracts with customers as well as other noninterest income for the years ended December 31: (dollars in thousands) 2021 2020 2019 Asset management, consulting and other fees: Wealth management $ 28,447 $ 23,413 $ 23,067 Trust fees 7,161 5,645 5,124 Consulting fees 414 407 467 Total $ 36,022 $ 29,465 $ 28,658 Other income: Deposit fees $ 1,714 $ 1,236 $ 1,070 Loan related fees 9,208 8,334 6,667 Other 2,050 472 1,163 Total $ 12,972 $ 10,042 $ 8,900 Receivables from contracts with customers, which consist primarily of asset management fees, were $6 million, $8.7 million and $1 million at December 31, 2021, 2020 and 2019, respectively, and are included in other assets on the consolidated balance sheets.

OTHER EXPENSES

OTHER EXPENSES	12 Months Ended
OTHER EXPENSES	Dec. 31, 2021
OTHER EXPENSES
OTHER EXPENSES	NOTE 23: OTHER EXPENSES The following items are included in the consolidated income statements as other expenses for the years ended December 31: (dollars in thousands) 2021 2020 2019 Regulatory assessments $ 4,200 $ 3,817 $ 3,969 Directors’ compensation expenses 820 639 628 Acquisition expenses 2,606 — (490)

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
SEGMENT REPORTING	Dec. 31, 2021
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 24: SEGMENT REPORTING In 2021, 2020, and 2019 the Company had two reportable business segments: Banking (FFB) and Wealth Management (FFA). The results of FFI and any elimination entries are included in the column labeled Other. The reportable segments are determined by products and services offered and the corporate structure. Business segment earnings before taxes are the primary measure of the segment’s performance as evaluated by management. Business segment earnings before taxes include direct revenue and expenses of the segment as well as corporate and inter-company cost allocations. Allocations of corporate expenses, such as finance and accounting, data processing and human resources, are calculated based on estimated activity or usage levels. The management accounting process measures the performance of the operating segments based on the Company’s management structure and is not necessarily comparable with similar information for other financial services companies. If the management structures and/or the allocation process changes, allocations, transfers and assignments may change. The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the years ended December 31: Wealth (dollars in thousands) Banking Management Other Total 2021: Interest income $ 247,218 $ — $ — $ 247,218 Interest expense 13,688 — 246 13,934 Net interest income 233,530 — (246) 233,284 Provision for credit losses 3,866 — — 3,866 Noninterest income 41,068 29,917 (532) 70,453 Noninterest expense 121,375 23,349 3,362 148,086 Income (loss) before taxes on income $ 149,357 $ 6,568 $ (4,140) $ 151,785 2020: Interest income $ 243,891 $ — $ — $ 243,891 Interest expense 47,078 — 169 47,247 Net interest income 196,813 — (169) 196,644 Provision for credit losses 6,746 — — 6,746 Noninterest income 31,567 24,510 (1,430) 54,647 Noninterest expense 102,019 21,778 1,981 125,778 Income (loss) before taxes on income $ 119,615 $ 2,732 $ (3,580) $ 118,767 2019: Interest income $ 248,760 $ — $ — $ 248,760 Interest expense 78,450 — 356 78,806 Net interest income 170,310 — (356) 169,954 Provision for credit losses 2,637 — — 2,637 Noninterest income 18,844 24,136 (1,204) 41,776 Noninterest expense 104,367 21,931 3,296 129,594 Income (loss) before taxes on income $ 82,150 $ 2,205 $ (4,856) $ 79,499 The following tables show the financial position for each of our business segments, and of FFI which is included in the column labeled Other, and the eliminating entries used to arrive at our consolidated totals at December 31: Wealth (dollars in thousands) Banking Management Other Eliminations Total 2021: Cash and cash equivalents $ 1,121,089 $ 3,195 $ 21,763 $ (24,290) $ 1,121,757 Securities AFS, net 1,191,378 — — — 1,191,378 Loans held for sale 501,436 — — — 501,436 Loans, net 6,872,952 — — — 6,872,952 FHLB Stock 18,249 — — — 18,249 Premises and equipment 37,373 411 136 — 37,920 Deferred taxes 20,745 138 (48) — 20,835 REO 6,210 — — — 6,210 Goodwill and Intangibles 222,125 — — — 222,125 Other assets 179,385 365 1,103,181 (1,079,589) 203,342 Total assets $ 10,170,942 $ 4,109 $ 1,125,032 $ (1,103,879) $ 10,196,204 Deposits $ 8,836,250 $ — $ — $ (24,290) $ 8,811,960 Borrowings 165,930 — 44,197 — 210,127 Intercompany balances 4,605 (8,204) 3,599 — — Other liabilities 92,500 4,381 13,185 — 110,066 Shareholders’ equity 1,071,657 7,932 1,064,051 (1,079,589) 1,064,051 Total liabilities and equity $ 10,170,942 $ 4,109 $ 1,125,032 $ (1,103,879) $ 10,196,204 2020: Cash and cash equivalents $ 629,066 $ 1,671 $ 4,692 $ (5,722) $ 629,707 Securities AFS, net 807,426 — — — 807,426 Loans held for sale 505,404 — — — 505,404 Loans, net 4,779,599 — — — 4,779,599 FHLB Stock 17,250 — — — 17,250 Premises and equipment 7,313 563 136 — 8,012 Deferred taxes 8,663 186 (246) — 8,603 Goodwill and Intangibles 95,296 — — — 95,296 Other assets 91,702 314 713,940 (700,093) 105,863 Total assets $ 6,941,719 $ 2,734 $ 718,522 $ (705,815) $ 6,957,160 Deposits $ 5,919,155 $ — $ — $ (5,722) $ 5,913,433 Borrowings 255,000 — 14,000 — 269,000 Intercompany balances 4,493 (3,519) (974) — — Other liabilities 65,423 3,808 9,785 — 79,016 Shareholders’ equity 697,648 2,445 695,711 (700,093) 695,711 Total liabilities and equity $ 6,941,719 $ 2,734 $ 718,522 $ (705,815) $ 6,957,160

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	Dec. 31, 2021
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	NOTE 25: QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (dollars in thousands, First Second Third Fourth except per share amounts) Quarter Quarter Quarter Quarter Full Year Year Ended December 31, 2021: Interest income $ 59,138 $ 61,403 $ 61,989 $ 64,688 $ 247,218 Interest expense 4,909 3,493 2,802 2,730 13,934 Net interest income 54,229 57,910 59,187 61,958 233,284 Provision for credit losses 360 44 (417) 3,879 3,866 Noninterest income 11,908 14,035 30,680 13,830 70,453 Noninterest expense 34,511 35,617 38,394 39,564 148,086 Income before taxes on income 31,266 36,284 51,890 32,345 151,785 Taxes on income 8,911 10,230 14,664 8,469 42,274 Net income $ 22,355 $ 26,054 $ 37,226 $ 23,876 $ 109,511 Income per share Basic $ 0.50 $ 0.58 $ 0.83 $ 0.51 $ 2.42 Diluted $ 0.50 $ 0.58 $ 0.83 $ 0.51 $ 2.41 Year Ended December 31, 2020: Interest income $ 62,338 $ 61,932 $ 61,691 $ 57,930 $ 243,891 Interest expense 17,470 13,485 10,074 6,218 47,247 Net interest income 44,868 48,447 51,617 51,712 196,644 Provision for credit losses 4,064 1,367 1,548 (233) 6,746 Noninterest income 10,675 8,969 23,641 11,362 54,647 Noninterest expense 32,872 30,937 30,595 31,374 125,778 Income before taxes on income 18,607 25,112 43,115 31,933 118,767 Taxes on income 5,396 7,258 12,177 9,567 34,398 Net income $ 13,211 $ 17,854 $ 30,938 $ 22,366 $ 84,369 Income per share Basic $ 0.30 $ 0.40 $ 0.69 $ 0.50 $ 1.89 Diluted $ 0.29 $ 0.40 $ 0.69 $ 0.50 $ 1.88 Year Ended December 31, 2019: Interest income $ 60,544 $ 63,308 $ 62,614 $ 62,294 $ 248,760 Interest expense 19,497 21,421 19,482 18,406 78,806 Net interest income 41,047 41,887 43,132 43,888 169,954 Provision for credit losses 540 1,231 172 694 2,637 Noninterest income 8,465 9,131 13,982 10,198 41,776 Noninterest expense 32,945 32,282 32,694 31,673 129,594 Income before taxes on income 16,027 17,505 24,248 21,719 79,499 Taxes on income 4,768 5,095 6,892 6,505 23,260 Net income $ 11,259 $ 12,410 $ 17,356 $ 15,214 $ 56,239 Income per share Basic $ 0.25 $ 0.28 $ 0.39 $ 0.34 $ 1.26 Diluted $ 0.25 $ 0.28 $ 0.39 $ 0.34 $ 1.25

PARENT ONLY FINANCIAL STATEMENT

PARENT ONLY FINANCIAL STATEMENTS	12 Months Ended
PARENT ONLY FINANCIAL STATEMENTS	Dec. 31, 2021
Statement Of Financial Position [Abstract]
PARENT ONLY FINANCIAL STATEMENTS	NOTE 26 PARENT ONLY FINANCIAL STATEMENTS BALANCE SHEETS December 31, (dollars in thousands) 2021 2020 ASSETS Cash and cash equivalents $ 21,763 $ 4,692 Premises and equipment, net 136 136 Deferred taxes (48) (246) Investment in subsidiaries 1,079,589 700,093 Intercompany receivable — 974 Other assets 23,592 13,847 Total Assets $ 1,125,032 $ 719,496 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Borrowings $ 44,197 $ 14,000 Intercompany payable 3,599 — Accounts payable and other liabilities 13,185 9,785 Total Liabilities 60,981 23,785 Shareholders’ Equity Common Stock 56 45 Additional paid-in-capital 720,744 433,941 Retained earnings 340,976 247,638 Accumulated other comprehensive income, net of tax 2,275 14,087 Total Shareholders’ Equity 1,064,051 695,711 Total Liabilities and Shareholders’ Equity $ 1,125,032 $ 719,496 INCOME STATEMENTS For the Year Ended December 31, (dollars in thousands) 2021 2020 2019 Interest expense—borrowings $ 246 $ 169 $ 356 Noninterest income: Earnings from investment in subsidiaries 112,550 86,909 59,660 Other income 1,271 (97) 82 Total noninterest income 113,821 86,812 59,742 Noninterest expense: Compensation and benefits 972 1,343 1,517 Occupancy and depreciation 1 112 178 Professional services and marketing costs 3,329 848 1,842 Other expenses 863 1,011 1,045 Total noninterest expense 5,165 3,314 4,582 Income before taxes on income 108,410 83,329 54,804 Taxes on income (1,101) (1,040) (1,435) Net income $ 109,511 $ 84,369 $ 56,239 STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, (dollars in thousands) 2021 2020 2019 Net income $ 109,511 $ 84,369 $ 56,239 Other comprehensive income: Unrealized holding (losses) gains on securities arising during the period (16,696) 13,866 7,674 Other comprehensive income (loss) before tax (16,696) 13,866 7,674 Income tax benefit (expense) related to items of other comprehensive income 4,884 (4,055) (2,021) Other comprehensive (loss) income (11,812) 9,811 5,653 Less: Reclassification adjustment for loss included in net earnings — — (316) Income tax benefit related to reclassification adjustment — — 92 Reclassification adjustment for loss included in net earnings, net of tax — — (224) Other comprehensive (loss) income, net of tax (11,812) 9,811 5,429 Total comprehensive income $ 97,699 $ 94,180 $ 61,668 STATEMENTS OF CASH FLOWS For the Year Ended December 31, (dollars in thousands) 2021 2020 2019 Cash Flows from Operating Activities: Net income $ 109,511 $ 84,369 $ 56,239 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Earnings from investment in subsidiaries (112,550) (86,909) (59,660) Stock–based compensation expense 115 98 90 Deferred tax liability (benefit) (198) 414 75 Decrease (increase) in other assets (26,308) 549 (322) Increase (decrease) in accounts payable and other liabilities 3,400 (5,079) (46) Net cash used in operating activities (26,030) (6,558) (3,624) Cash Flows from Investing Activities: Investment in subsidiaries (10) — (10,000) Dividend from subsidiary 22,000 12,000 17,000 Net cash provided by (used in) investing activities 21,990 12,000 7,000 Cash Flows from Financing Activities: Line of credit net change - borrowings, net 30,197 4,000 5,000 Proceeds from the sale of stock, net 2,514 908 334 Repurchase of stock — (2,824) (23) Intercompany accounts, net decrease (increase) 4,573 2,606 576 Dividends paid (16,173) (12,504) (8,927) Net cash (used in) provided by financing activities 21,111 (7,814) (3,040) Increase (decrease) in cash and cash equivalents 17,071 (2,372) 336 Cash and cash equivalents at beginning of year 4,692 7,064 6,728 Cash and cash equivalents at end of year $ 21,763 $ 4,692 $ 7,064

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 27: SUBSEQUENT EVENTS Cash Dividend On January 31, 2022, the Board of Directors of the Company declared a quarterly cash dividend of $0.11 per common share to be paid on February 17, 2022 to stockholders of record as of the close of business on February 10, 2022. Subordinated Debt On January 24, 2022, the Company completed a $150 million offering of its 3.50% fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Company plans to use the net proceeds from the Notes offering for general corporate purposes, which may include, without limitation, providing capital to support its organic growth or growth through strategic acquisitions, financing investments, capital expenditures, investments in First Foundation Bank to support regulatory capital, and repaying up to $30 million of indebtedness. The Notes initially will bear interest at a rate of 3.50% per annum, payable semi-annually in arrears on February 1 and August 1 of each year, commencing on August 1, 2022. The last interest payment date for the fixed rate period will be February 1, 2027. From and including February 1, 2027 to, but excluding February 1, 2032 or the date of earlier redemption, the Notes will bear interest at a floating rate per annum equal to the Benchmark rate (which is expected to be Three-Month Term SOFR), each as defined in and subject to the provisions of the Indenture, plus 204 basis points, payable quarterly in arrears on February 1, May 1, August 1, and November 1 of each year, commencing on May 1, 2027.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business	Business First Foundation Inc. (“FFI”) is a financial services holding company whose operations are conducted through its wholly owned subsidiaries: First Foundation Advisors (“FFA”) and First Foundation Bank (“FFB” or the “Bank”) and the wholly owned subsidiaries of FFB, First Foundation Public Finance (“FFPF”), First Foundation Insurance Services (“FFIS”) and Blue Moon Management, LLC (collectively the “Company”). FFI also has two inactive wholly owned subsidiaries, First Foundation Consulting (“FFC”) and First Foundation Advisors, LLC (“FFA LLC”). In addition, FFA has set up a limited liability company, which is not included in these consolidated financial statements, as a private investment fund to provide an investment vehicle for its clients. FFI is incorporated in the state of Delaware. The corporate headquarters for FFI is located in Dallas, Texas. The Company has offices in California, Nevada, Florida, Texas, and Hawaii. FFA, established in 1985 and incorporated in the state of California, began operating in 1990 as a fee-based registered investment advisor. FFA provides (i) investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions and private foundations; (ii) financial, investment and economic advisory and related services to high net-worth individuals and their families, family-owned businesses, and other related organizations; and (iii) support services involving the processing and transmission of financial and economic data for charitable organizations. At the end of 2021, these services were provided to approximately 1,700 clients, primarily located in Southern California, with an aggregate of $5.7 billion of assets under management. The Bank commenced operations in 2007, is incorporated in the state of California and currently operates in California, Nevada, Florida, Texas, and in Hawaii. The Bank offers a wide range of deposit instruments including personal and business checking and savings accounts, including interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit (“CD”) accounts. As a lender, the Bank originates, and retains for its portfolio, loans secured by real estate and commercial loans. Approximately 91% of the Bank’s loans are to clients located in California. The Bank also offers a wide range of specialized services including trust services, on-line banking, remote deposit capture, merchant credit card services, ATM cards, Visa debit cards, business sweep accounts, and through FFIS, insurance brokerage services. The Bank has a state non-member bank charter and is subject to continued examination by the California Department of Financial Protection and Innovation and the Federal Deposit Insurance Corporation (“FDIC”). At December 31, 2021, the Company employed 674 employees.
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared in conformity with U. S. GAAP and prevailing practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses during the reporting periods and related disclosures. Actual results could differ significantly from those estimates. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All inter-company balances and transactions have been eliminated in consolidation.
Variable Interest Entities	Variable Interest Entities The Company may have variable interests in Variable Interest Entities (“VIEs”) arising from debt, equity or other monetary interests in an entity, which change with fluctuations in the fair value of the entity’s assets. VIEs are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. The primary beneficiary of a VIE (i.e., the party that has a controlling financial interest) is required to consolidate the assets and liabilities of the VIE. The primary beneficiary is the party that has both (1) the power to direct the activities of an entity that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company has sold loans, in 2021, 2020, 2019, 2018, 2016 and 2015, through securitizations sponsored by a government sponsored entity, Freddie Mac, who also provided credit enhancement of the loans through certain guarantee provisions. The Company retained the right to provide servicing for the loans except for special servicing for which an unrelated third party was engaged by the VIE. For the 2016 and 2015 securitizations, the Company acquired the “B” piece of the securitizations, which is structured to absorb any losses from the securitizations, and interest only strips from the securitization. For the 2021, 2020, 2019, and 2018 securitizations, the Company provides collateral to support its obligation to reimburse for credit losses incurred on loans in the securitization. Because the Company does not act as the special servicer for the VIE and because of the power of Freddie Mac over the VIE that holds the assets from the mortgage loan securitizations, the Company is not the primary beneficiary of the VIE and therefore the VIE is not consolidated.
Reclassifications	Reclassifications Certain amounts in the 2020 consolidated financial statements have been reclassified to conform to the 2021 presentation.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash, due from banks, certificates of deposits with maturities of less than ninety days, investment securities with original maturities of less than ninety days, money market mutual funds and federal funds sold. At times, the Bank maintains cash at major financial institutions in excess of FDIC insured limits. However, as the Bank places these deposits with major well-capitalized financial institutions and monitors the financial condition of these institutions, management believes the risk of loss to be minimal. The Bank maintains most of its excess cash at the Federal Reserve Bank, with well-capitalized correspondent banks or with other depository institutions at amounts less than the FDIC insured limits. At December 31, 2021, included in cash and cash equivalents were $946 million in funds held at the Federal Reserve Bank. Banking regulations require that banks maintain a percentage of their deposits as reserves in cash or on deposit with the Federal Reserve Bank. The Bank was in compliance with its reserve requirements as of December 31, 2021.
Certificates of Deposit	Certificates of Deposit From time to time, the Company may invest funds with other financial institutions through certificates of deposit. Certificates of deposit are included as cash and cash equivalents. Certificates of deposit are carried at cost.
Investment Securities	Investment Securities Investment securities for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Investments not classified as trading securities nor as held-to-maturity securities are classified as available-for-sale securities and recorded at fair value. Unrealized gains or losses on available-for-sale securities are excluded from net income and reported as an amount net of taxes as a separate component of other comprehensive income included in shareholders’ equity. Premiums or discounts on held-to-maturity and available-for-sale securities are amortized or accreted into income using the interest method.
Loan Origination Fees and Costs	Loan Origination Fees and Costs Loan origination fees and direct costs associated with lending are deferred and amortized to interest income as an adjustment to yield over the respective lives of the loans using the interest method. The amortization of deferred fees and costs is discontinued on loans that are placed on nonaccrual status. When a loan is paid off, any unamortized deferred fees and costs are recognized in interest income.
Loans Held for Investment	Loans Held for Investment Loans held for investment are reported at the principal amount outstanding, net of cumulative chargeoffs, interest applied to principal (for loans accounted for using the cost recovery method), unamortized net deferred loan origination fees and costs and unamortized premiums or discounts on purchased loans. Interest on loans is accrued and recognized as interest income at the contractual rate of interest. When a loan is designated as held for investment, the intent is to hold these loans for the foreseeable future or until maturity or payoff. If subsequent changes occur, the Company may change its intent to hold these loans. Once a determination has been made to sell such loans, they are immediately transferred to loans held for sale and carried at the lower of cost or fair value.
Loans Held for Sale	Loans Held for Sale Loans designated for sale through securitization or in the secondary market are classified as loans held for sale. Loans held for sale are accounted for at the lower of amortized cost or fair value. The fair value of loans held for sale is generally based on observable market prices from other loans in the secondary market that have similar collateral, credit, and interest rate characteristics. If quoted market prices are not readily available, the Company may consider other observable market data such as dealer quotes for similar loans or forward sale commitments. In certain cases, the fair value may be based on a discounted cash flow model. Related gains and losses are recognized in net gain on mortgage loan origination and sale activities.
Nonaccrual Loans	Nonaccrual Loans Loans are placed on nonaccrual status when the full and timely collection of principal and interest is doubtful, generally when the loan becomes 90 days or more past due for principal or interest payment. All payments received on nonaccrual loans are accounted for using the cost recovery method. Under the cost recovery method, all cash collected is applied to first reduce the principal balance. A loan may be returned to accrual status if all delinquent principal and interest payments are brought current and the collectability of the remaining principal and interest payments in accordance with the loan agreement is reasonably assured. Loans that are well secured and in the collection process may be maintained on accrual status, even if they are 90 days or more past due.
Purchased Credit Deteriorated Loans	Purchased Credit Deteriorated Loans The Company may purchase individual loans and groups of loans which have shown evidence of credit deterioration and are considered credit impaired. Purchased credit deteriorated (“PCD”) loans are recorded at the amount paid and there is no carryover of the seller’s allowance for credit losses. PCD loans are recorded at fair value reflecting the present value of the amounts expected to be collected. Income recognition on these PCD loans is based on a reasonable expectation about the timing and amount of cash flows to be collected. Acquired loans deemed impaired and considered collateral dependent, with the timing of the sale of loan collateral indeterminate, remain on nonaccrual status and have no accretable yield. All PCD loans were classified as accruing loans as of and subsequent to the acquisition date. Under ASC 326, the Bank’s allowance for credit losses includes a purchased assets with credit deterioration PCD element. The fair value mark related to PCD loans held for investment will only accrete the interest mark to interest expense over the remaining life of the PCD loans, while the non-PCD loans will accrete both the interest and credit marks over the remaining life of the non-PCD loans.
Allowance for Credit Losses	Allowance for Credit Losses The ACL is a valuation allowance for probable incurred credit losses. Provisions for credit losses are charged to operations based on management’s evaluation of the estimated losses in its loan portfolio. The major factors considered in evaluating losses are historical chargeoff experience, delinquency rates, local and national economic conditions, the borrower’s ability to repay the loan and timing of repayments, and the value of any related collateral. Management’s estimate of fair value of the collateral considers current and anticipated future real estate market conditions, thereby causing these estimates to be particularly susceptible to changes that could result in a material adjustment to results of operations in the future. Recovery of the carrying value of such loans and related real estate is dependent, to a great extent, on economic, operating and other conditions that may be beyond the Bank’s control. The Bank’s primary regulatory agencies periodically review the allowance for credit losses and such agencies may require the Bank to recognize additions to the allowance based on information and factors available to them at the time of their examinations. Accordingly, no assurance can be given that the Bank will not recognize additional provisions for credit losses with respect to its loan portfolio. The allowance consists of specific and general reserves. Specific reserves relate to loans that are individually classified as impaired. Credit losses are charged against the allowance when management believes a loan balance is uncollectible. Subsequent recoveries, if any, are credited to the allowance. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The Bank considers a loan to be impaired when, based upon current information and events, it believes it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Bank bases the measurement of loan impairment using either the present value of the expected future cash flows discounted at the loan’s effective interest rate, or the fair value of the loan’s collateral properties. Impairment losses are included in the allowance for credit losses through a charge to provision for credit losses. Adjustments to impairment losses due to changes in the fair value of impaired loans’ collateral properties are included in the provision for credit losses. The Bank’s impaired loans include nonaccrual loans (excluding those collectively reviewed for impairment), certain restructured loans and certain performing loans less than ninety days delinquent that the Bank believes will likely not be collected in accordance with contractual terms of the loans. Loans, for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are generally considered troubled debt restructurings and classified as impaired. Commercial loans and loans secured by multifamily and commercial real estate are individually evaluated for impairment. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Bank determines the amount of reserve in accordance with the accounting policy for the allowance for credit losses. General reserves cover non-impaired loans and are based on historical loss rates for each portfolio segment, adjusted for the effects of qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the portfolio segment’s historical loss experience. Because the Bank has not experienced any meaningful amount of losses in any of its current portfolio segments, the Bank calculates the historical loss rates on industry data, specifically, loss rates published by the FDIC. Qualitative factors include consideration of the following: changes in lending policies and procedures; changes in economic conditions, changes in the nature and volume of the portfolio; changes in the experience, ability and depth of lending management and other relevant staff; changes in the volume and severity of past due, nonaccrual and other adversely graded loans; changes in the loan review system; changes in the value of the underlying collateral for collateral-dependent loans; concentrations of credit and the effect of other external factors such as competition and legal and regulatory requirements. The Bank continues to leverage economic projections and applies a two-year time horizon prior to reverting to the Bank’s historical loss experience, which continues to be deemed reasonable and supportable. Portfolio segments identified by the Bank include loans secured by residential real estate, including multifamily and single family properties, loans secured by commercial real estate, loans secured by vacant land and construction loans, commercial and industrial loans and consumer loans. Relevant risk characteristics for these portfolio segments generally include debt service coverage, loan-to-value ratios and financial performance on non-consumer loans and debt-to income, collateral type and loan-to-value ratios for consumer loans. The investment portfolio impacts the ACL through credit losses and/or cash flow changes. Cash flow impacts are the result when projected cash flow are lower than actual cash flow, primarily due to accelerated prepayments on Interest Only (“IO”) strips.
Financial Instruments	Financial Instruments In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received. The Bank also has bank owned life insurance (“BOLI”) acquired through the TGRF acquisition. BOLI is recorded at the amount that can be realized under the insurance contract, which is the cash surrender value. The increase in the cash surrender value each period and the receipt of death benefits in excess of the cash surrender value would be recorded to “Other Income” in the income statement.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Real Estate Owned	Real Estate Owned Real estate owned (“REO”) represents the collateral acquired through foreclosure in full or partial satisfaction of the related loan. REO is recorded at the fair value less estimated selling costs at the date of foreclosure. Any write-down at the date of transfer is charged to the allowance for credit losses related to loans. The recognition of gains or losses on sales of REO is dependent upon various factors relating to the nature of the property being sold and the terms of sale. REO values are reviewed on an ongoing basis and any decline in value is recognized as foreclosed asset expense in the current period, as are the net operating results from these assets.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization, which is charged to expense on a straight-line basis over the estimated useful lives of 3 to 10 years. Premises under leasehold improvements are amortized on a straight-line basis over the term of the lease or the estimated useful life of the improvements, whichever is shorter. Expenditures for major renewals and betterments of premises and equipment are capitalized and those for maintenance and repairs are charged to expense as incurred. A valuation allowance is established for any impaired long-lived assets. The Company did not have impaired long-lived assets as of December 31, 2021 or 2020.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock As a member of the Federal Home Loan Bank (“FHLB”), the Bank is required to purchase FHLB stock in accordance with its advances, securities and deposit agreement. This stock, which is carried at cost, may be redeemed at par value. However, there are substantial restrictions regarding redemption and the Bank can only receive a full redemption in connection with the Bank surrendering its FHLB membership. At December 31, 2021 and 2020, the Bank held $18 million and $17 million of FHLB stock, respectively. The Company does not believe that this stock is currently impaired and no adjustments to its carrying value have been recorded.
Mortgage Servicing Rights	Mortgage Servicing Rights When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. As of December 31, 2021 and 2020, the allowance for servicing rights was $3.3 million and $1.4 million, respectively. Servicing fee income, which is reported on the income statement as other income ,
Goodwill	Goodwill Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of net identifiable assets acquired. Subsequent to initial recognition, the Company will test goodwill for impairment on an annual basis by comparing the fair value of the reporting unit to its carrying amount. The goodwill recorded by the Company was recognized from acquisitions in 2015, 2017, 2018, and 2021, and was not considered impaired at December 31, 2021.
Other Intangible Assets	Other Intangible Assets Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Other intangible assets consist of core deposit intangible assets arising from whole bank acquisitions and are amortized on an accelerated method over their estimated useful lives, which range from 7 to 10 years. At December 31, 2021 and 2020, core deposit intangible assets totaled $8.5 million and $6.8 million, respectively, and we recognized $1.6 million, $1.9 million and $2.3 million in core deposit intangible amortization expense in 2021, 2020 and 2019, respectively.
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” Contracts with Customers Contracts with customers are open-ended, and we provide services on an ongoing basis for an unspecified contract term. For these ongoing services, the fees are variable, since they are dependent on factors such as the value of underlying assets under management or volume of transactions. Contract liabilities, or deferred revenue, are recorded when payments from customers are received in advance of providing services to customers. We generally receive payments for our services during the period or at the time services are provided, therefore, we do not have deferred revenue balances at period-end. Employees receive incentive compensation in the form of commissions, which are considered incremental and recoverable costs to obtain the contract. We utilize the practical expedient not to capitalize such costs as the amortization period of the asset is less than 12 months, and therefore we expense the commissions as incurred. Descriptions of our primary revenue-generating activities that are presented in our income statements are as follows: Interest on Loans Interest income is accrued daily on the Company’s outstanding loan balances. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued when reasonable doubt exists as to the full, timely collection of interest or principal and, generally, when a loan becomes contractually past due for ninety days or more with respect to principal or interest. The accrual of interest may be continued on a well-secured loan contractually past due ninety days or more with respect to principal or interest if the loan is in the process of collection or collection of the principal and interest is deemed probable. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period income. Interest on such loans is then recognized only to the extent that cash is received and where the future collection of principal is probable. Accrual of interest is resumed on loans only when, in the judgment of management, the loan is estimated to be fully collectible. The Bank continues to accrue interest on restructured loans since full payment of principal and interest is expected and such loans are performing or are less than ninety days delinquent and, therefore, do not meet the criteria for nonaccrual status. Restructured loans that have been placed on nonaccrual status are returned to accrual status when the remaining loan balance, net of any chargeoffs related to the restructure, is estimated to be fully collectible by management and performing in accordance with the applicable loan terms. Wealth management and trust fee income Asset management fees are billed on a monthly or quarterly basis based on the amount of assets under management and the applicable contractual fee percentage. Asset management fees are recognized as revenue in the period in which they are billed and earned. Financial planning fees are due and billed at the completion of the planning project and are recognized as revenue at that time. Service charges on deposit accounts Service charges on deposit accounts represent general service fees for monthly account maintenance and activity or transaction-based fees. Revenue is recognized when our performance obligation is completed which are generally monthly for account maintenance services or when a transaction has been completed. Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Gains and Losses on Sales of REO To record a sale of REO, the Bank evaluates if: (a) a commitment on the buyer’s part exists, (b) collection is probable in circumstances where the initial investment is minimal and (c) the buyer has obtained control of the asset, including the significant risks and rewards of the ownership. If there is no commitment on the buyer’s part, collection is not probable or the buyer has not obtained control of the asset, then a gain cannot be recognized. Other non-interest income includes revenue related to mortgage servicing activities and gains on sales of loans, which are not subject to the requirements of ASU 2014-09.
Stock-Based Compensation	Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of stock options, or other equity instruments, based on the grant-date fair value of those awards. This cost is recognized over the period in which an employee is required to provide services in exchange for the award, generally the vesting period. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for stock awards, including restricted stock units.
Marketing Costs	Marketing Costs The Company expenses marketing costs, including advertising, in the period incurred.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established if it is “more likely than not” that all or a portion of the deferred tax assets will not be realized. The tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and other comprehensive income. Changes in unrealized gains and losses on available-for-sale securities and the related tax costs or benefits are the only components of other comprehensive income for the Company.
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units, which are determined using the treasury stock method.
Fair Value Measurement	Fair Value Measurement Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates.
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivative instruments and hedging activities are accounted for in accordance with FASB ASC Topic 815, “Derivatives and Hedging.” The fair value of derivative instruments are recognized as either assets or liabilities on the consolidated balance sheet. All derivatives are evaluated at inception as to whether or not they are hedging or non-hedging activities. For derivative instruments designated as non-hedging activities, the change in fair value is recognized currently in earnings. For derivative instruments designated as hedging activities, a qualitative analysis is performed at inception to determine if the derivative instrument is highly effective in achieving offsetting changes in fair value or cash flows attributable to the hedged risk during the period that the hedge is designated. Subsequently, a qualitative assessment of a hedge’s effectiveness is performed on a quarterly basis. For a fair value hedge, the change in fair value on the hedging instrument is recognized currently in earnings and the change in fair value on the hedged item attributable to the hedged risk adjusts the carrying amount of the hedged item and is recognized currently in earnings. All amounts recognized in earnings are presented in the same income statement line item as the earnings effect of the hedged item.
Recently Adopted Accounting Guidance and New Accounting Pronouncements	Recently Adopted Accounting Guidance Measurement of Credit Losses on Financial Instruments: In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted the amendments within ASU 2016-13 on January 1, 2020 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for the periods beginning after that date are presented under Topic 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. There was not any cumulative effect adjustment upon adoption. The instruments that were accounted for as purchased credit impaired (“PCI”) are transitioned under the new purchased credit deteriorated (“PCD”) model using the prospective transition approach. The Company applied the prospective transition approach for debt securities for which other than temporary impairment had been recognized prior to January 1, 2020. As a result, the amortized cost basis remains the same before and after the effective date. Allowance for credit losses on investment securities: On January 1, 2020, the Company adopted the amendments within ASU 2016-13, which replaces the legacy US GAAP Other Than Temporary Impairment (“OTTI”) model with a credit loss model. The credit loss model under Accounting Standards Codification (“ASC”) 326-30, applicable to debt securities available for sale (“Securities AFS”), requires recognition of credit losses through an allowance account, but retains the concept from the OTTI model that credit losses are recognized once securities become impaired. For Securities AFS, a decline in fair value due to credit loss results in recognition of an allowance for credit losses. Impairment may result from credit deterioration of the issuer or collateral underlying the security. The assessment of determining if a decline in fair value resulted from a credit loss is performed at the individual security level. Among other factors, the Company considers: 1) the extent to which the fair value is less than the amortized cost basis; 2) the financial condition and near term prospects of the issuer, including consideration of relevant financial metrics or ratios of the issuer; 3) any adverse conditions related to an industry or geographic area of an issuer; 4) any changes to the rating of the security by a rating agency; and 5) any past due principal or interest payments from the issuer. If an assessment of the above factors indicates that a credit loss exists, the Company records an allowance for credit losses for the excess of the amortized cost basis over the present value of cash flows expected to be collected, limited to the amount that the security’s fair value is less than its amortized cost basis. Subsequent changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit loss expense. Interest accruals and amortization and accretion of premiums and discounts are suspended when the credit loss is recognized in earnings. Any interest received after the security has been placed on nonaccrual status is recognized on a cash basis. Accrued interest receivable on Securities AFS is excluded from the estimate of expected credit losses. The provision for credit losses on the consolidated income statement includes the provisions for credit losses for loans and securities AFS. For 2021, the provision for credit losses was $3.9 million. In August 2021, FASB issued ASU 2021-06, “ Presentation of Financial Statements (Topic 205), Financial Services – Depository and Lending (Topic 942), and Financial Services – Investment Companies (Topic 946)” In October 2020, FASB issued ASU 2020-10, “ Codification Improvements” In November 2019, FASB issued ASU 2019-12, “ Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes” Topic 740 New Accounting Pronouncements In March 2020, FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting” In July 2019, FASB issued ASU 2019-07, “ Codification Updates to SEC Sections” Disclosure Update and Simplification Investment Company Reporting Modernization

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
ACQUISITIONS (Tables)	Dec. 31, 2021
ACQUISITIONS
Schedule of Assets Acquired and Liabilities Assumed	The following table represents the assets acquired and liabilities assumed of TGRF as of December 17, 2021 and the fair value adjustments and amounts recorded by the Company in 2021 under the acquisition method of accounting: TGRF Book Fair Value (dollars in thousands) Value Adjustments Fair Value Assets Acquired: Cash and cash equivalents $ 1,145,335 $ 5 $ 1,145,340 Securities AFS 147,739 109 147,848 Securities held-to-maturity 71,790 2,115 73,905 Loans, net of deferred fees 1,045,193 (5,387) 1,039,806 Investment in FHLB stock 4,510 — 4,510 Premises and equipment, net 34,199 (4,180) 30,019 Deferred taxes 3,414 2,361 5,775 Bank owned life insurance 46,163 — 46,163 Goodwill and intangibles 181 128,227 128,408 Other assets 13,562 (298) 13,264 Total assets acquired $ 2,512,086 $ 122,952 $ 2,635,038 Liabilities Assumed: Deposits $ 2,170,676 $ 313 $ 2,170,989 Borrowings 177,114 1,929 179,043 Accounts payable and other liabilities 7,386 182 7,568 Total liabilities assumed 2,355,176 2,424 2,357,600 Excess of assets acquired over liabilities assumed 156,910 120,528 277,438 Total $ 2,512,086 $ 122,952 $ 2,635,038 Consideration: Stock issued $ 283,011 Cash paid 10 Total consideration $ 283,021
Pro Forma Summarized Income Statement Data	(dollars in thousands) 2021 2020 Net interest income $ 286,720 $ 252,362 Provision for loan losses 3,898 21,138 Noninterest income 75,689 58,526 Noninterest expenses 178,944 170,715 Income before taxes 179,567 119,035 Taxes on income 47,341 31,344 Net income $ 132,226 $ 87,691 Net income per share: Basic $ 2.34 $ 1.57 Diluted $ 2.33 $ 1.56

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
FAIR VALUE (Tables)	Dec. 31, 2021
FAIR VALUE
Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables show the recorded amounts of assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurement Level (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2021: Investment securities available for sale: Collateralized mortgage obligations $ 13,825 $ — $ 13,825 $ — Agency mortgage-backed securities 928,989 — 928,989 — Municipal bonds 52,146 — 52,146 — SBA securities 27,972 — 27,972 — Beneficial interests in FHLMC securitization 11,580 — — 11,580 Corporate bonds 156,376 — 156,376 — U.S. Treasury 490 490 — — Investment in equity securities 16,025 16,025 — — Total assets at fair value on a recurring basis $ 1,207,403 $ 16,515 $ 1,179,308 $ 11,580 December 31, 2020: Investment securities available for sale: Agency mortgage-backed securities $ 723,995 $ — $ 723,995 $ — Municipal bonds 1,107 — 1,107 — Beneficial interests in FHLMC securitization 23,463 — — 23,463 Corporate bonds 58,358 — 58,358 — U.S. Treasury 503 503 — — 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 following table sets forth the estimated fair values and related carrying amounts of our financial instruments as of: Carrying Fair Value Measurement Level (dollars in thousands) Value 1 2 3 Total December 31, 2021: Assets: Cash and cash equivalents $ 1,121,757 $ 1,121,757 $ — $ — $ 1,121,757 Securities AFS, net 1,191,378 490 1,179,308 11,580 1,191,378 Loans held for sale 501,436 — 515,978 — 515,978 Loans, net 6,872,952 — — 7,072,878 7,072,878 Investment in FHLB stock 18,249 — 18,249 — 18,249 Investment in equity securities 16,025 16,025 — — 16,025 Liabilities: Deposits $ 8,811,960 $ 8,143,473 $ 668,487 $ — $ 8,811,960 Borrowings 210,127 165,930 — 44,197 210,127 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)	12 Months Ended
SECURITIES (Tables)	Dec. 31, 2021
SECURITIES
Summary of AFS Securities Portfolio	The following table provides a summary of the Company’s AFS securities portfolio as of: Amortized Gross Unrealized Allowance for Estimated (dollars in thousands) Cost Gains Losses Credit Losses Fair Value December 31, 2021: Collateralized mortgage obligations $ 13,862 $ — $ (37) $ — $ 13,825 Agency mortgage-backed securities 928,546 6,563 (6,120) — 928,989 Municipal bonds 52,052 94 — — 52,146 SBA securities 27,970 2 — — 27,972 Beneficial interests in FHLMC securitization 21,606 373 — (10,399) 11,580 Corporate bonds 154,027 2,441 (92) — 156,376 U.S. Treasury 499 — (9) — 490 Total $ 1,198,562 $ 9,473 $ (6,258) $ (10,399) $ 1,191,378 December 31, 2020: Agency mortgage-backed securities $ 705,752 $ 18,243 $ — $ — $ 723,995 Municipal bonds 1,012 95 — — 1,107 Beneficial interests in FHLMC securitization 30,497 211 — (7,245) 23,463 Corporate bonds 57,000 1,358 — — 58,358 U.S. Treasury 500 3 — — 503 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 tables below indicate the gross unrealized losses and fair values of our investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. Securities with Unrealized Loss at December 31, 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 Collateralized mortgage obligations $ 12,971 $ (37) $ — $ — $ 12,971 $ (37) Agency mortgage-backed securities 434,973 (5,051) 36,136 (1,069) 471,109 (6,120) Corporate bonds 47,880 (92) — — 47,880 (92) U.S. Treasury 491 (9) — — 491 (9) Total temporarily impaired securities $ 496,315 $ (5,189) $ 36,136 $ (1,069) $ 532,451 $ (6,258) Securities with Unrealized Loss at December 31, 2019 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) Value Loss Value Loss Value Loss Agency mortgage-backed securities $ 5,488 $ (2) $ 13,880 $ (144) $ 19,368 $ (146) Beneficial interests in FHLMC securitization 20,609 (2,856) 3,220 (3,825) 23,829 (6,681) Total temporarily impaired securities $ 26,097 $ (2,858) $ 17,100 $ (3,969) $ 43,197 $ (6,827)
Summary of Allowance For Credit Losses - Securities AFS	The following is a rollforward of the Bank’s allowance for credit losses related to investments for the year ended December 31: (dollars in thousands) Total Year Ended December 31, 2021: Beginning balance $ 7,245 Provision for credit losses 3,154 Balance: December 31, 2021 $ 10,399 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, other than agency mortgage backed securities, and the related weighted average yield is as follows as of: Less than 1 Through 5 Through After (dollars in thousands) 1 Year 5 years 10 Years 10 Years Total December 31, 2021 Amortized Cost: Corporate bonds $ 3,505 $ 11,634 $ 133,352 $ 5,535 $ 154,026 Municipal bonds and U.S. Treasury — 1,846 35,080 15,625 52,551 Total $ 3,505 $ 13,480 $ 168,432 $ 21,160 $ 206,577 Weighted average yield (4.82) % 2.36 % 3.75 % 3.85 % 3.52 % Estimated Fair Value: Corporate bonds $ 3,505 $ 11,624 $ 135,653 $ 5,594 $ 156,376 Municipal bonds and U.S. Treasury — 1,916 35,091 15,629 52,636 Total $ 3,505 $ 13,540 $ 170,744 $ 21,223 $ 209,012 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 Municipal bonds and U.S. Treasury 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 Municipal bonds and U.S. Treasury 503 1,107 — — 1,610 Total $ 503 $ 1,107 $ 58,358 $ — $ 59,968

LOANS (Tables)

LOANS (Tables)	12 Months Ended
LOANS (Tables)	Dec. 31, 2021
LOANS
Summary of Loans	The following is a summary of our loans as of: December 31, December 31, (dollars in thousands) 2021 2020 Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 2,886,055 $ 2,247,542 Single family 933,445 806,014 Total real estate loans secured by residential properties 3,819,500 3,053,556 Commercial properties 1,309,200 747,807 Land and construction 156,028 55,832 Total real estate loans 5,284,728 3,857,195 Commercial and industrial loans 1,598,422 918,676 Consumer loans 10,834 18,888 Total loans 6,893,984 4,794,759 Premiums, discounts and deferred fees and expenses 12,744 9,040 Total $ 6,906,728 $ 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 December 31, 2021: Real estate loans: Residential properties $ 1,519 $ 310 $ — $ 3,281 $ 5,110 $ 3,827,385 $ 3,832,495 Commercial properties 2,934 — — 1,529 4,463 1,305,112 1,309,575 Land and construction — — — — — 155,926 155,926 Commercial and industrial loans 303 260 — 3,520 4,083 1,593,782 1,597,865 Consumer loans — — — — — 10,867 10,867 Total $ 4,756 $ 570 $ — $ 8,330 $ 13,656 $ 6,893,072 $ 6,906,728 Percentage of total loans 0.07 % 0.01 % — % 0.12 % 0.20 % 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 %
Composition of TDRs by Accrual and Nonaccrual Status	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 December 31, 2021: Real estate loans: Residential properties $ — $ 3,281 Commercial properties — 1,529 Commercial and industrial loans 1,733 1,788 Total $ 1,733 $ 6,598 December 31, 2020: Real estate loans: Residential properties $ 2,987 $ 7,959 Commercial properties — 4,544 Commercial and industrial loans 2,581 2,557 Total $ 5,568 $ 15,060 The following table presents the composition of TDRs by accrual and nonaccrual status as of: December 31, 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 1,021 1,174 2,195 1,107 1,277 2,384 Commercial and industrial loans 493 2,030 2,523 1,041 2,832 3,873 Total $ 2,714 $ 3,204 $ 5,918 $ 3,348 $ 4,109 $ 7,457 The following tables provide information on loans that were modified as TDRs during the following periods: Outstanding Recorded Investment (dollars in thousands) Number of loans Pre-Modification Post-Modification Financial Impact Year Ended December 31, 2021: Commercial and industrial loans 1 $ 346 $ 346 $ — Total 1 $ 346 $ 346 $ — 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)	12 Months Ended
ALLOWANCE FOR CREDIT LOSSES (Tables)	Dec. 31, 2021
ALLOWANCE FOR CREDIT LOSSES
Bank's Allowance for Credit Losses	The following is a rollforward of the Bank’s allowance for credit losses for the years ended December 31: Beginning Adoption of Provision for Initial Allowance on Ending (dollars in thousands) Balance ASC 326 Credit Losses Acquired PCD Loans Chargeoffs Recoveries Balance 2021: Real estate loans: Residential properties $ 5,115 $ — $ (1,453) $ 93 $ (1,118) $ — $ 2,637 Commercial properties 8,711 — 774 7,564 — — 17,049 Land and construction 892 — 1,051 52 — — 1,995 Commercial and industrial loans 9,249 — 614 1,836 (706) 999 11,992 Consumer loans 233 — (130) — — — 103 Total $ 24,200 $ — $ 856 $ 9,545 $ (1,824) $ 999 $ 33,776 2020: Real estate loans: Residential properties $ 8,423 $ 363 $ (3,671) $ — $ — $ — $ 5,115 Commercial properties 4,166 3,760 785 — — — 8,711 Land and construction 573 92 227 — — — 892 Commercial and industrial loans 7,448 — 2,642 — (1,844) 1,003 9,249 Consumer loans 190 — 43 — — — 233 Total $ 20,800 $ 4,215 $ 26 $ — $ (1,844) $ 1,003 $ 24,200 2019: Real estate loans: Residential properties $ 9,216 $ — $ (793) $ — $ — $ — $ 8,423 Commercial properties 4,547 — (381) — — — 4,166 Land and construction 391 — 182 — — — 573 Commercial and industrial loans 4,628 — 3,653 — (2,687) 1,854 7,448 Consumer loans 218 — (24) — (5) 1 190 Total $ 19,000 $ — $ 2,637 $ — $ (2,692) $ 1,855 $ 20,800
Carrying Amount Of Purchased Credit Impaired Loans	The Bank has purchased loans for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows: (dollars in thousands) 2021 Par value of acquired loans $ 41,105 Allowance for credit losses at acquisition (9,545) Non-credit discount at acquisition (1,272) Purchase price of acquired loans $ 30,288
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 December 31, 2021: Allowance for credit losses: Real estate loans: Residential properties $ 111 $ 2,526 $ 2,637 Commercial properties 7,967 9,082 17,049 Land and construction 52 1,943 1,995 Commercial and industrial loans 2,386 9,606 11,992 Consumer loans — 103 103 Total $ 10,516 $ 23,260 $ 33,776 Loans: Real estate loans: Residential properties $ 9,593 $ 3,822,902 $ 3,832,495 Commercial properties 41,313 1,268,262 1,309,575 Land and construction 694 155,232 155,926 Commercial and industrial loans 9,963 1,587,902 1,597,865 Consumer loans — 10,867 10,867 Total $ 61,563 $ 6,845,165 $ 6,906,728 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 December 31, 2021: Loans secured by Real Estate: Residential Multifamily Pass $ 1,092,903 $ 868,483 $ 418,346 $ 265,872 $ 141,433 $ 108,529 $ — $ 2,895,566 Special Mention — — 1,177 — — — — 1,177 Substandard — — — — — — — — Total $ 1,092,903 $ 868,483 $ 419,523 $ 265,872 $ 141,433 $ 108,529 $ — $ 2,896,743 Single Family Pass $ 278,337 $ 122,530 $ 52,995 $ 60,559 $ 57,174 $ 280,216 $ 74,934 $ 926,745 Special Mention — — — — — — 26 26 Substandard — — — — 1,873 6,830 278 8,981 Total $ 278,337 $ 122,530 $ 52,995 $ 60,559 $ 59,047 $ 287,046 $ 75,238 $ 935,752 Commercial Real Estate Pass $ 114,678 $ 39,135 $ 59,426 $ 94,930 $ 115,614 $ 804,295 $ — $ 1,228,078 Special Mention — — 23,495 — — 30,389 — 53,884 Substandard — — 2,934 — 2,217 22,462 — 27,613 Total $ 114,678 $ 39,135 $ 85,855 $ 94,930 $ 117,831 $ 857,146 $ — $ 1,309,575 Land and construction Pass $ 14,738 $ — $ 17,692 $ 31,952 $ 2,529 $ 88,321 $ — $ 155,232 Special Mention — — — — — 694 — 694 Substandard — — — — — — — — Total $ 14,738 $ — $ 17,692 $ 31,952 $ 2,529 $ 89,015 $ — $ 155,926 Commercial Pass $ 471,431 $ 191,405 $ 88,050 $ 20,709 $ 5,531 $ 167,201 $ 636,507 $ 1,580,834 Special Mention 883 1,101 833 — — 1,370 2,790 6,977 Substandard — 1,535 1,765 982 192 2,688 2,892 10,054 Total $ 472,314 $ 194,041 $ 90,648 $ 21,691 $ 5,723 $ 171,259 $ 642,189 $ 1,597,865 Consumer Pass $ 54 $ — $ — $ 1,174 $ — $ 2,617 $ 7,022 $ 10,867 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 54 $ — $ — $ 1,174 $ — $ 2,617 $ 7,022 $ 10,867 Total loans Pass $ 1,972,141 $ 1,221,553 $ 636,509 $ 475,196 $ 322,281 $ 1,451,179 $ 718,463 $ 6,797,322 Special Mention 883 1,101 25,505 — — 32,453 2,816 62,758 Substandard — 1,535 4,699 982 4,282 31,980 3,170 46,648 Total $ 1,973,024 $ 1,224,189 $ 666,713 $ 476,178 $ 326,563 $ 1,515,612 $ 724,449 $ 6,906,728 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 ACL allocated to these loans as of: Equipment/ ACL (dollars in thousands) Real Estate Cash Receivables Total Allocation December 31, 2021: Loans secured by Real Estate: Residential properties Single family $ 2,568 $ — $ — $ 2,568 $ — Commercial loans — 250 — 250 — Total $ 2,568 $ 250 $ — $ 2,818 $ — 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

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
PREMISES AND EQUIPMENT (Tables)	Dec. 31, 2021
PREMISES AND EQUIPMENT
Summary of Premises and Equipment	A summary of premises and equipment is as follows at December 31: (dollars in thousands) 2021 2020 Leasehold improvements and artwork $ 22,331 $ 7,762 Information technology equipment 12,205 11,155 Furniture and fixtures 3,920 3,503 Land and auto 16,943 805 Total 55,399 23,225 Accumulated depreciation and amortization (17,479) (15,213) Net $ 37,920 $ 8,012

REAL ESTATE OWNED (Tables)

REAL ESTATE OWNED (Tables)	12 Months Ended
REAL ESTATE OWNED (Tables)	Dec. 31, 2021
REAL ESTATE OWNED
Schedule of Activity in Portfolio of REO	The activity in our portfolio of REO is as follows during the periods ending December 31: (dollars in thousands) 2021 2020 Beginning balance $ — $ — Loans transferred to REO 6,210 — REO acquired in merger — — Dispositions of REO — — Ending balance $ 6,210 $ —

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
DEPOSITS (Tables)	Dec. 31, 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: 2021 2020 Weighted Weighted (dollars in thousands) Amount Average Rate Amount Average Rate Demand deposits: Noninterest-bearing $ 3,280,455 — $ 1,655,847 — Interest-bearing 2,242,684 0.070 % 871,289 0.372 % Money market and savings 2,620,336 0.275 % 2,407,401 0.549 % Certificates of deposits 668,485 0.145 % 978,896 0.591 % Total $ 8,811,960 0.111 % $ 5,913,433 0.376 %

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
EARNINGS PER SHARE (Tables)	Dec. 31, 2021
EARNINGS PER SHARE
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the Company’s earnings per share calculations for the years ended December 31: 2021 2020 2019 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Basic Diluted Net income $ 109,511 $ 109,511 $ 84,369 $ 84,369 $ 56,239 $ 56,239 Basic common shares outstanding 45,272,183 45,272,183 44,639,430 44,639,430 44,617,361 44,617,361 Effect of options, restricted stock and contingent shares issuable 187,357 261,375 293,904 Diluted common shares outstanding 45,459,540 44,900,805 44,911,265 Earnings per share $ 2.42 $ 2.41 $ 1.89 $ 1.88 $ 1.26 $ 1.25

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	12 Months Ended
STOCK BASED COMPENSATION (Tables)	Dec. 31, 2021
STOCK BASED COMPENSATION
Summary of Stock Option Activity	The following table summarizes the activities in the Plans during 2021: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2020 374,050 $ 7.81 Options granted — — Options exercised (327,000) 7.69 Options forfeited — — Balance: December 31, 2021 47,050 8.68 1.96 Years $ 761 Options exercisable 47,050 $ 8.68 1.96 Years $ 761 The intrinsic value of stock options exercised in 2021 was $5.8 million. The following table summarizes the activities in the Plans during 2020: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2019 548,550 $ 7.79 Options granted — — Options exercised (117,500) 7.79 Options forfeited (57,000) 7.66 Balance: December 31, 2020 374,050 7.81 1.08 Years $ 3,586 Options exercisable 374,050 $ 7.81 1.08 Years $ 3,586 The intrinsic value of stock options exercised in 2020 was $0.8 million. The following table summarizes the activities in the Plans during 2019: Weighted Average Weighted Average (dollars in thousands except Exercise Price per Remaining Aggregate per share amounts) Options Granted Share Contractual Term Intrinsic Value Balance: December 31, 2018 592,550 $ 7.78 Options granted — — Options exercised (44,000) 7.60 Options forfeited — — Balance: December 31, 2019 548,550 7.79 2.02 Years $ 5,270 Options exercisable 548,550 $ 7.79 2.02 Years $ 5,270 The intrinsic value of stock options exercised in 2019 was $0.3 million.
Summary of RSUs Issued under Equity Incentive Plan	The following table provides a summary of the RSUs issued by the Company under its equity incentive plans for the periods ended December 31: 2021 2020 2019 Weighted Weighted Weighted Average Grant Average Grant Average Grant Shares Date Fair Value Shares Date Fair Value Shares Date Fair Value Balance: January 1 193,190 $ 15.32 139,278 $ 15.69 114,320 $ 17.51 New RSUs 134,973 23.33 159,186 15.26 157,494 15.18 Shares vested and issued (126,528) 17.45 (103,741) 15.74 (132,536) 16.65 RSUs forfeited (2,061) 20.06 (1,533) — — — Balance December 31 199,574 $ 19.34 193,190 $ 15.32 139,278 $ 15.69

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2021
INCOME TAXES
Schedule of Income Tax Expense (Benefit)	The Company is subject to federal income tax and California franchise tax. Income tax expense (benefit) was as follows for the years ended December 31: (dollars in thousands) 2021 2020 2019 Current expense: Federal $ 28,550 $ 23,316 $ 15,411 State 15,303 12,661 7,922 Deferred expense (benefit): Federal (867) (1,315) (235) State (712) (264) 162 Total $ 42,274 $ 34,398 $ 23,260
Schedule of Comparison of the Federal Statutory Income Tax Rates	The following is a comparison of the federal statutory income tax rates to the Company’s effective income tax rate for the years ended December 31: 2021 2020 2019 (dollars in thousands) Amount Rate Amount Rate Amount Rate Income before taxes $ 151,785 $ 118,767 $ 79,499 Federal tax statutory rate $ 31,875 21.00 % $ 24,941 21.00 % $ 16,695 21.00 % State tax, net of Federal benefit 12,262 8.08 % 9,612 8.09 % 6,405 8.06 % Windfall benefit – exercise of stock options (1,708) (1.13) % (118) (0.10) % — — % Transaction costs 551 0.36 % — — % — — % Low income housing, net benefit (732) (0.48) % (638) (0.54) % — — % Tax exempt interest income (1,014) (0.67) % (150) (0.12) % — — % Other items, net 1,040 0.69 % 751 0.63 % 160 0.20 % Effective tax rate $ 42,274 27.85 % $ 34,398 28.96 % $ 23,260 29.26 %
Summary of Components of the Net Deferred Tax Assets Recognized	(dollars in thousands) 2021 2020 Deferred tax assets (liabilities) Allowance for credit and REO losses $ 14,062 $ 8,546 Operating loss carryforwards 1,775 1,924 State taxes 3,157 2,611 Stock-based compensation 538 558 Market valuation: merger 3,252 2,438 Capital activities – mark to market 3,927 847 Compensation related 1,343 1,210 Core deposit intangible (2,471) (1,977) Prepaid expenses (1,853) (1,234) Depreciation (1,065) (1,014) Accumulated other comprehensive income (945) (5,824) Other (885) 518 Net deferred tax assets $ 20,835 $ 8,603

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
Schedule Of Supplemental Lease Information	Supplemental lease information at or for the twelve months ended December 31, 2021 is as follows: (dollars in thousands) Balance Sheet: Operating lease asset classified as other assets $ 19,384 Operating lease liability classified as other liabilities 20,575 Income Statement: Operating lease cost classified as occupancy and equipment expense $ 6,559 Weighted average lease term, in years 4.57 Weighted average discount rate 4.85 % Operating cash flows $ 6,794
Summary of Maturity of Remaining Lease Liabilities	Future minimum lease commitments under all non-cancelable operating leases at December 31, 2021 are as follows: (dollars in thousands) 2022 $ 7,068 2023 4,588 2024 4,269 2025 3,584 2026 and after 5,178 Total future minimum lease payments $ 24,687 Discount on cash flows (4,112) Total lease liability $ 20,575
Off Balance Sheet Arrangements of Bank	The following table provides the off-balance sheet arrangements of the Bank as of December 31: (dollars in thousands) 2021 2020 Commitments to fund new loans $ 29,545 $ 36,143 Commitments to fund under existing loans, lines of credit 881,605 517,169 Commitments under standby letters of credit 14,576 15,589

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	12 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES (Tables)	Dec. 31, 2021
DERIVATIVES AND HEDGING ACTIVITIES
Schedule of Fair Value Hedge Accounting on the Consolidated Income Statement	The following table provides the effect of fair value hedge accounting on the consolidated income statement for 2020, including the location and amount of gain or (loss) recognized in income on fair value hedging relationships: Interest Income - (dollars in thousands) Loans Gain or (Loss): Interest contracts: Hedged items $ 12,102 Derivatives designated as hedging instruments (11,476) The following table provides the effect of fair value hedge accounting on the consolidated income statement for 2019, including the location and amount of gain or (loss) recognized in income on fair value hedging relationships: Interest Income - (dollars in thousands) Loans Gain or (Loss): Interest contracts: Hedged items $ 25,006 Derivatives designated as hedging instruments (19,883)

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
REGULATORY MATTERS (Tables)	Dec. 31, 2021
REGULATORY MATTERS
Schedule of Capital and Capital Ratios	To Be Well-Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio FFI December 31, 2021 CET1 capital ratio $ 846,515 11.34 % $ 335,801 4.50 % Tier 1 leverage ratio 846,515 8.43 % 401,645 4.00 % Tier 1 risk-based capital ratio 846,515 11.34 % 447,735 6.00 % Total risk-based capital ratio 887,821 11.90 % 596,980 8.00 % December 31, 2020 CET1 capital ratio $ 589,276 11.55 % $ 229,490 4.50 % Tier 1 leverage ratio 589,276 8.93 % 263,986 4.00 % Tier 1 risk-based capital ratio 589,276 11.55 % 305,987 6.00 % Total risk-based capital ratio 620,700 12.17 % 407,982 8.00 % BANK December 31, 2021 CET1 capital ratio $ 854,075 11.49 % $ 334,608 4.50 % $ 483,323 6.50 % Tier 1 leverage ratio 854,075 8.53 % 400,616 4.00 % 500,770 5.00 % Tier 1 risk-based capital ratio 854,075 11.49 % 446,144 6.00 % 594,859 8.00 % Total risk-based capital ratio 895,381 12.04 % 594,859 8.00 % 743,574 10.00 % December 31, 2020 CET1 capital ratio $ 591,171 11.63 % $ 228,703 4.50 % $ 330,349 6.50 % Tier 1 leverage ratio 591,171 8.98 % 263,330 4.00 % 329,162 5.00 % Tier 1 risk-based capital ratio 591,171 11.63 % 304,938 6.00 % 406,583 8.00 % Total risk-based capital ratio 622,595 12.25 % 406,583 8.00 % 508,229 10.00 %
Schedule of Minimum Capital Ratios Plus the Applicable Increment of the Capital Conservation	CET-1 to risk-weighted assets 7.00 % Tier 1 capital (i.e., CET-1 plus Additional Tier 1) to risk-weighted assets 8.50 % Total capital (i.e., Tier 1 plus Tier 2) to risk-weighted assets 10.50 %

NONINTEREST INCOME (Tables)

NONINTEREST INCOME (Tables)	12 Months Ended
NONINTEREST INCOME (Tables)	Dec. 31, 2021
NONINTEREST INCOME
Schedule of Revenue from Contracts with Customers and Other Noninterest Income	The following table represents revenue from contracts with customers as well as other noninterest income for the years ended December 31: (dollars in thousands) 2021 2020 2019 Asset management, consulting and other fees: Wealth management $ 28,447 $ 23,413 $ 23,067 Trust fees 7,161 5,645 5,124 Consulting fees 414 407 467 Total $ 36,022 $ 29,465 $ 28,658 Other income: Deposit fees $ 1,714 $ 1,236 $ 1,070 Loan related fees 9,208 8,334 6,667 Other 2,050 472 1,163 Total $ 12,972 $ 10,042 $ 8,900

OTHER EXPENSES (Tables)

OTHER EXPENSES (Tables)	12 Months Ended
OTHER EXPENSES (Tables)	Dec. 31, 2021
OTHER EXPENSES
Schedule of Items Included in Consolidated Income Statements as Other Expenses	The following items are included in the consolidated income statements as other expenses for the years ended December 31: (dollars in thousands) 2021 2020 2019 Regulatory assessments $ 4,200 $ 3,817 $ 3,969 Directors’ compensation expenses 820 639 628 Acquisition expenses 2,606 — (490)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
SEGMENT REPORTING (Tables)	Dec. 31, 2021
SEGMENT REPORTING
Key Operating Results of Business Segments	The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the years ended December 31: Wealth (dollars in thousands) Banking Management Other Total 2021: Interest income $ 247,218 $ — $ — $ 247,218 Interest expense 13,688 — 246 13,934 Net interest income 233,530 — (246) 233,284 Provision for credit losses 3,866 — — 3,866 Noninterest income 41,068 29,917 (532) 70,453 Noninterest expense 121,375 23,349 3,362 148,086 Income (loss) before taxes on income $ 149,357 $ 6,568 $ (4,140) $ 151,785 2020: Interest income $ 243,891 $ — $ — $ 243,891 Interest expense 47,078 — 169 47,247 Net interest income 196,813 — (169) 196,644 Provision for credit losses 6,746 — — 6,746 Noninterest income 31,567 24,510 (1,430) 54,647 Noninterest expense 102,019 21,778 1,981 125,778 Income (loss) before taxes on income $ 119,615 $ 2,732 $ (3,580) $ 118,767 2019: Interest income $ 248,760 $ — $ — $ 248,760 Interest expense 78,450 — 356 78,806 Net interest income 170,310 — (356) 169,954 Provision for credit losses 2,637 — — 2,637 Noninterest income 18,844 24,136 (1,204) 41,776 Noninterest expense 104,367 21,931 3,296 129,594 Income (loss) before taxes on income $ 82,150 $ 2,205 $ (4,856) $ 79,499
Summary of Financial Position of Business Segments	The following tables show the financial position for each of our business segments, and of FFI which is included in the column labeled Other, and the eliminating entries used to arrive at our consolidated totals at December 31: Wealth (dollars in thousands) Banking Management Other Eliminations Total 2021: Cash and cash equivalents $ 1,121,089 $ 3,195 $ 21,763 $ (24,290) $ 1,121,757 Securities AFS, net 1,191,378 — — — 1,191,378 Loans held for sale 501,436 — — — 501,436 Loans, net 6,872,952 — — — 6,872,952 FHLB Stock 18,249 — — — 18,249 Premises and equipment 37,373 411 136 — 37,920 Deferred taxes 20,745 138 (48) — 20,835 REO 6,210 — — — 6,210 Goodwill and Intangibles 222,125 — — — 222,125 Other assets 179,385 365 1,103,181 (1,079,589) 203,342 Total assets $ 10,170,942 $ 4,109 $ 1,125,032 $ (1,103,879) $ 10,196,204 Deposits $ 8,836,250 $ — $ — $ (24,290) $ 8,811,960 Borrowings 165,930 — 44,197 — 210,127 Intercompany balances 4,605 (8,204) 3,599 — — Other liabilities 92,500 4,381 13,185 — 110,066 Shareholders’ equity 1,071,657 7,932 1,064,051 (1,079,589) 1,064,051 Total liabilities and equity $ 10,170,942 $ 4,109 $ 1,125,032 $ (1,103,879) $ 10,196,204 2020: Cash and cash equivalents $ 629,066 $ 1,671 $ 4,692 $ (5,722) $ 629,707 Securities AFS, net 807,426 — — — 807,426 Loans held for sale 505,404 — — — 505,404 Loans, net 4,779,599 — — — 4,779,599 FHLB Stock 17,250 — — — 17,250 Premises and equipment 7,313 563 136 — 8,012 Deferred taxes 8,663 186 (246) — 8,603 Goodwill and Intangibles 95,296 — — — 95,296 Other assets 91,702 314 713,940 (700,093) 105,863 Total assets $ 6,941,719 $ 2,734 $ 718,522 $ (705,815) $ 6,957,160 Deposits $ 5,919,155 $ — $ — $ (5,722) $ 5,913,433 Borrowings 255,000 — 14,000 — 269,000 Intercompany balances 4,493 (3,519) (974) — — Other liabilities 65,423 3,808 9,785 — 79,016 Shareholders’ equity 697,648 2,445 695,711 (700,093) 695,711 Total liabilities and equity $ 6,941,719 $ 2,734 $ 718,522 $ (705,815) $ 6,957,160

QUARTERLY FINANCIAL INFORMATI_2

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	Dec. 31, 2021
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Schedule Of Quarterly Financial Information	(dollars in thousands, First Second Third Fourth except per share amounts) Quarter Quarter Quarter Quarter Full Year Year Ended December 31, 2021: Interest income $ 59,138 $ 61,403 $ 61,989 $ 64,688 $ 247,218 Interest expense 4,909 3,493 2,802 2,730 13,934 Net interest income 54,229 57,910 59,187 61,958 233,284 Provision for credit losses 360 44 (417) 3,879 3,866 Noninterest income 11,908 14,035 30,680 13,830 70,453 Noninterest expense 34,511 35,617 38,394 39,564 148,086 Income before taxes on income 31,266 36,284 51,890 32,345 151,785 Taxes on income 8,911 10,230 14,664 8,469 42,274 Net income $ 22,355 $ 26,054 $ 37,226 $ 23,876 $ 109,511 Income per share Basic $ 0.50 $ 0.58 $ 0.83 $ 0.51 $ 2.42 Diluted $ 0.50 $ 0.58 $ 0.83 $ 0.51 $ 2.41 Year Ended December 31, 2020: Interest income $ 62,338 $ 61,932 $ 61,691 $ 57,930 $ 243,891 Interest expense 17,470 13,485 10,074 6,218 47,247 Net interest income 44,868 48,447 51,617 51,712 196,644 Provision for credit losses 4,064 1,367 1,548 (233) 6,746 Noninterest income 10,675 8,969 23,641 11,362 54,647 Noninterest expense 32,872 30,937 30,595 31,374 125,778 Income before taxes on income 18,607 25,112 43,115 31,933 118,767 Taxes on income 5,396 7,258 12,177 9,567 34,398 Net income $ 13,211 $ 17,854 $ 30,938 $ 22,366 $ 84,369 Income per share Basic $ 0.30 $ 0.40 $ 0.69 $ 0.50 $ 1.89 Diluted $ 0.29 $ 0.40 $ 0.69 $ 0.50 $ 1.88 Year Ended December 31, 2019: Interest income $ 60,544 $ 63,308 $ 62,614 $ 62,294 $ 248,760 Interest expense 19,497 21,421 19,482 18,406 78,806 Net interest income 41,047 41,887 43,132 43,888 169,954 Provision for credit losses 540 1,231 172 694 2,637 Noninterest income 8,465 9,131 13,982 10,198 41,776 Noninterest expense 32,945 32,282 32,694 31,673 129,594 Income before taxes on income 16,027 17,505 24,248 21,719 79,499 Taxes on income 4,768 5,095 6,892 6,505 23,260 Net income $ 11,259 $ 12,410 $ 17,356 $ 15,214 $ 56,239 Income per share Basic $ 0.25 $ 0.28 $ 0.39 $ 0.34 $ 1.26 Diluted $ 0.25 $ 0.28 $ 0.39 $ 0.34 $ 1.25

PARENT ONLY FINANCIAL STATEME_2

PARENT ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
PARENT ONLY FINANCIAL STATEMENTS (Tables)	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Condensed Balance Sheet	BALANCE SHEETS December 31, (dollars in thousands) 2021 2020 ASSETS Cash and cash equivalents $ 21,763 $ 4,692 Premises and equipment, net 136 136 Deferred taxes (48) (246) Investment in subsidiaries 1,079,589 700,093 Intercompany receivable — 974 Other assets 23,592 13,847 Total Assets $ 1,125,032 $ 719,496 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Borrowings $ 44,197 $ 14,000 Intercompany payable 3,599 — Accounts payable and other liabilities 13,185 9,785 Total Liabilities 60,981 23,785 Shareholders’ Equity Common Stock 56 45 Additional paid-in-capital 720,744 433,941 Retained earnings 340,976 247,638 Accumulated other comprehensive income, net of tax 2,275 14,087 Total Shareholders’ Equity 1,064,051 695,711 Total Liabilities and Shareholders’ Equity $ 1,125,032 $ 719,496
Condensed Income Statement	INCOME STATEMENTS For the Year Ended December 31, (dollars in thousands) 2021 2020 2019 Interest expense—borrowings $ 246 $ 169 $ 356 Noninterest income: Earnings from investment in subsidiaries 112,550 86,909 59,660 Other income 1,271 (97) 82 Total noninterest income 113,821 86,812 59,742 Noninterest expense: Compensation and benefits 972 1,343 1,517 Occupancy and depreciation 1 112 178 Professional services and marketing costs 3,329 848 1,842 Other expenses 863 1,011 1,045 Total noninterest expense 5,165 3,314 4,582 Income before taxes on income 108,410 83,329 54,804 Taxes on income (1,101) (1,040) (1,435) Net income $ 109,511 $ 84,369 $ 56,239
Condensed Statement of Comprehensive Income	STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, (dollars in thousands) 2021 2020 2019 Net income $ 109,511 $ 84,369 $ 56,239 Other comprehensive income: Unrealized holding (losses) gains on securities arising during the period (16,696) 13,866 7,674 Other comprehensive income (loss) before tax (16,696) 13,866 7,674 Income tax benefit (expense) related to items of other comprehensive income 4,884 (4,055) (2,021) Other comprehensive (loss) income (11,812) 9,811 5,653 Less: Reclassification adjustment for loss included in net earnings — — (316) Income tax benefit related to reclassification adjustment — — 92 Reclassification adjustment for loss included in net earnings, net of tax — — (224) Other comprehensive (loss) income, net of tax (11,812) 9,811 5,429 Total comprehensive income $ 97,699 $ 94,180 $ 61,668
Condensed Cash Flow Statement	STATEMENTS OF CASH FLOWS For the Year Ended December 31, (dollars in thousands) 2021 2020 2019 Cash Flows from Operating Activities: Net income $ 109,511 $ 84,369 $ 56,239 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Earnings from investment in subsidiaries (112,550) (86,909) (59,660) Stock–based compensation expense 115 98 90 Deferred tax liability (benefit) (198) 414 75 Decrease (increase) in other assets (26,308) 549 (322) Increase (decrease) in accounts payable and other liabilities 3,400 (5,079) (46) Net cash used in operating activities (26,030) (6,558) (3,624) Cash Flows from Investing Activities: Investment in subsidiaries (10) — (10,000) Dividend from subsidiary 22,000 12,000 17,000 Net cash provided by (used in) investing activities 21,990 12,000 7,000 Cash Flows from Financing Activities: Line of credit net change - borrowings, net 30,197 4,000 5,000 Proceeds from the sale of stock, net 2,514 908 334 Repurchase of stock — (2,824) (23) Intercompany accounts, net decrease (increase) 4,573 2,606 576 Dividends paid (16,173) (12,504) (8,927) Net cash (used in) provided by financing activities 21,111 (7,814) (3,040) Increase (decrease) in cash and cash equivalents 17,071 (2,372) 336 Cash and cash equivalents at beginning of year 4,692 7,064 6,728 Cash and cash equivalents at end of year $ 21,763 $ 4,692 $ 7,064

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jan. 18, 2017	Dec. 31, 2021USD ($)employeeitemsubsidiary	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of inactive wholly owned subsidiaries \| subsidiary		2
Number of full-time equivalent employees \| employee		674
Cash and cash equivalents held at the Federal Reserve Bank		$ 946,000,000
Impaired long-lived assets		0	$ 0
Investment in FHLB stock		18,249,000	17,250,000
Allowances for servicing rights		3,300,000	1,400,000
Stock split, conversion ratio	2
Provision for credit losses		3,866,000	6,746,000	$ 2,637,000
Core Deposit
Summary Of Significant Accounting Policies [Line Items]
Core deposit intangible assets		8,500,000	6,800,000
Core deposit intangible amortization expense		1,600,000	$ 1,900,000	$ 2,300,000
Federal Home Loan Bank Stock.
Summary Of Significant Accounting Policies [Line Items]
Adjustments in carrying value		$ 0
Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives		3 years
Estimated useful lives of other intangible assets		7 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives		10 years
Estimated useful lives of other intangible assets		10 years
California
Summary Of Significant Accounting Policies [Line Items]
Percentage of bank loans		91.00%
FFA
Summary Of Significant Accounting Policies [Line Items]
Approximate number of clients \| item		1,700
Aggregate assets under management		$ 5,700,000,000

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2021	Dec. 17, 2021	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Deferred income tax asset, operating loss carry-forward and other tax attributes	$ 1,775		$ 1,775	$ 1,924
Increase in net income, pro forma adjustment			$ 13,100	$ 13,100
TGR Financial
Business Acquisition [Line Items]
Common stock issued in exchange for acquisition, shares		11,352,232
Stock value per share, acquisition date		$ 24.93
Business combination, value of deposit		$ 3,300
Finite-lived intangible asset, amortized period		10 years
Business combination, pro forma information, revenue of acquiree since acquisition date, actual	1,600
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual	$ 1,300

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details) - TGR Financial $ in Thousands	Dec. 17, 2021USD ($)
TGRF Book Value
Assets Acquired:
Cash and cash equivalents	$ 1,145,335
Securities AFS	147,739
Securities held-to-maturity	71,790
Loans, net of deferred fees	1,045,193
Investment in FHLB stock	4,510
Premises and equipment, net	34,199
Deferred taxes	3,414
Bank owned life insurance	46,163
Goodwill and intangibles	181
Other assets	13,562
Total assets acquired	2,512,086
Liabilities Assumed:
Deposits	2,170,676
Borrowings	177,114
Accounts payable and other liabilities	7,386
Total liabilities assumed	2,355,176
Excess of assets acquired over liabilities assumed	156,910
Total	2,512,086
Fair Value Adjustments
Assets Acquired:
Cash and cash equivalents	5
Securities AFS	109
Securities held-to-maturity	2,115
Loans, net of deferred fees	(5,387)
Premises and equipment, net	(4,180)
Deferred taxes	2,361
Goodwill and intangibles	128,227
Other assets	(298)
Total assets acquired	122,952
Liabilities Assumed:
Deposits	313
Borrowings	1,929
Accounts payable and other liabilities	182
Total liabilities assumed	2,424
Excess of assets acquired over liabilities assumed	120,528
Total	122,952
Fair Value
Assets Acquired:
Cash and cash equivalents	1,145,340
Securities AFS	147,848
Securities held-to-maturity	73,905
Loans, net of deferred fees	1,039,806
Investment in FHLB stock	4,510
Premises and equipment, net	30,019
Deferred taxes	5,775
Bank owned life insurance	46,163
Goodwill and intangibles	128,408
Other assets	13,264
Total assets acquired	2,635,038
Liabilities Assumed:
Deposits	2,170,989
Borrowings	179,043
Accounts payable and other liabilities	7,568
Total liabilities assumed	2,357,600
Excess of assets acquired over liabilities assumed	277,438
Total	2,635,038
Operating loss carryforwards	100
Consideration:
Stock issued	283,011
Cash paid	10
Total consideration	$ 283,021

ACQUISITIONS - Pro Forma Summar

ACQUISITIONS - Pro Forma Summarized Income Statement Data (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
ACQUISITIONS
Net interest income	$ 286,720	$ 252,362
Provision for loan losses	3,898	21,138
Noninterest income	75,689	58,526
Noninterest expenses	178,944	170,715
Income before taxes	179,567	119,035
Taxes on income	47,341	31,344
Net income	$ 132,226	$ 87,691
Net income per share:
Basic	$ 2.34	$ 1.57
Diluted	$ 2.33	$ 1.56

FAIR VALUE MEASUREMENTS - Recor

FAIR VALUE MEASUREMENTS - Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 1,191,378	$ 807,426
Investment in equity securities	16,025	338
Derivatives:
Provision for credit losses - securities AFS	3,154	7,245
SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	27,972
Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	928,989	723,995
Beneficial interest - FHLMC securitizations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	11,580	23,463
Corporate Bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	156,376	58,358
Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	52,146	1,107
Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment in equity securities	16,025	338
Total assets at fair value on a recurring basis	1,207,403	807,764
Fair Value on Recurring Basis \| Collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	13,825
Fair Value on Recurring Basis \| SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	27,972
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	928,989	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	11,580	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	156,376	58,358
Fair Value on Recurring Basis \| Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	52,146	1,107
Fair Value on Recurring Basis \| U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	490	503
Fair Value Measurement Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	490	503
Investment in equity securities	16,025	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	16,025	338
Total assets at fair value on a recurring basis	16,515	841
Fair Value Measurement Level 1 \| Fair Value on Recurring Basis \| U.S. Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	490	503
Fair Value Measurement Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	1,179,308	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	1,179,308	783,460
Fair Value Measurement Level 2 \| Fair Value on Recurring Basis \| Collateralized mortgage obligations
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	13,825
Fair Value Measurement Level 2 \| Fair Value on Recurring Basis \| SBA securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	27,972
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	928,989	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	156,376	58,358
Fair Value Measurement Level 2 \| Fair Value on Recurring Basis \| Municipal bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	52,146	1,107
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	11,580	23,463
Derivatives:
Provision for credit losses - securities AFS	3,200
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	11,580	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	$ 11,580	$ 23,463

FAIR VALUE MEASUREMENTS - Valua

FAIR VALUE MEASUREMENTS - Valuation assumptions (Details)	3 Months Ended												12 Months Ended
FAIR VALUE MEASUREMENTS - Valuation assumptions (Details)	Dec. 31, 2021USD ($)	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Provision for loan losses	$ 3,879,000	$ (417,000)	$ 44,000	$ 360,000	$ (233,000)	$ 1,548,000	$ 1,367,000	$ 4,064,000	$ 694,000	$ 172,000	$ 1,231,000	$ 540,000	$ 3,866,000	$ 6,746,000	$ 2,637,000
Prepayment Rate \| Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.30												0.30
Prepayment Rate \| Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.35												0.35
Discount Rate \| Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.068												0.068
Discount Rate \| Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Alternative investment measurement input	0.115												0.115
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Reserves related to impaired loans	$ 0				0								$ 0	0
Impaired loans	$ 61,600,000				$ 36,200,000								$ 61,600,000	$ 36,200,000
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	20												20
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	30												30
Fair Value Measurement Level 3 \| Discount Rate \| 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	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 1,121,757	$ 629,707
Securities AFS, net	1,191,378	807,426
Loans held for sale	501,436	505,404
Loans, net	6,872,952	4,779,599
Investment in FHLB stock	18,249	17,250
Investment in equity securities	16,025	338
Liabilities:
Deposits	8,811,960	5,913,433
Borrowings	210,127	269,000
Assets Fair Value:
Cash and cash equivalents	1,121,757	629,707
Securities AFS, net	1,191,378	807,426
Loans held for sale	515,978	510,638
Loans, net	7,072,878	4,829,258
Investment in FHLB stock	18,249	17,250
Investment in equity securities	16,025	338
Liabilities Fair Value:
Deposits	8,811,960	5,913,434
Borrowings	210,127	269,000
Fair Value Measurement Level 1
ASSETS
Securities AFS, net	490	503
Investment in equity securities	16,025	338
Assets Fair Value:
Cash and cash equivalents	1,121,757	629,707
Securities AFS, net	490	503
Investment in equity securities	16,025	338
Liabilities Fair Value:
Deposits	8,143,473	4,934,537
Borrowings	165,930
Fair Value Measurement Level 2
ASSETS
Securities AFS, net	1,179,308	783,460
Investment in FHLB stock	18,249	17,250
Assets Fair Value:
Securities AFS, net	1,179,308	783,460
Loans held for sale	515,978	510,638
Investment in FHLB stock	18,249	17,250
Liabilities Fair Value:
Deposits	668,487	978,897
Borrowings		255,000
Fair Value Measurement Level 3
ASSETS
Securities AFS, net	11,580	23,463
Assets Fair Value:
Securities AFS, net	11,580	23,463
Loans, net	7,072,878	4,829,258
Liabilities Fair Value:
Borrowings	$ 44,197	$ 14,000

SECURITIES - Summary of AFS Sec

SECURITIES - Summary of AFS Securities Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 1,198,562	$ 794,761
Gross Unrealized gains	9,473	19,910
Gross Unrealized losses	(6,258)
Allowance for credit losses - investments	(10,399)	(7,245)
Estimated Fair Value	1,191,378	807,426
U.S. Treasury
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	499	500
Gross Unrealized gains		3
Gross Unrealized losses	(9)
Estimated Fair Value	490	503
Collateralized mortgage obligations
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	13,862
Gross Unrealized losses	(37)
Estimated Fair Value	13,825
SBA securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	27,970
Gross Unrealized gains	2
Estimated Fair Value	27,972
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	928,546	705,752
Gross Unrealized gains	6,563	18,243
Gross Unrealized losses	(6,120)
Estimated Fair Value	928,989	723,995
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	21,606	30,497
Gross Unrealized gains	373	211
Allowance for credit losses - investments	(10,399)	(7,245)
Estimated Fair Value	11,580	23,463
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	52,052	1,012
Gross Unrealized gains	94	95
Estimated Fair Value	52,146	1,107
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	154,027	57,000
Gross Unrealized gains	2,441	1,358
Gross Unrealized losses	(92)
Estimated Fair Value	$ 156,376	$ 58,358

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2019	Dec. 31, 2020
Schedule Of Available For Sale Securities [Line Items]
Securities pledged as collateral	$ 176,200
Proceeds from sale of securities	$ 3,500	$ 283,893
Loss on sale of securities		$ (316)
Weighted average yield, total	3.52%		5.32%
SBA securities
Schedule Of Available For Sale Securities [Line Items]
Securities pledged as collateral	$ 176,200
U.S. Treasury
Schedule Of Available For Sale Securities [Line Items]
Securities pledged as collateral	500
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Securities pledged as collateral	$ 220,000
Agency Mortgage-backed Securities and Beneficial interests in FHLMC securitization
Schedule Of Available For Sale Securities [Line Items]
Weighted average yield, total	1.67%		2.39%

SECURITIES - Schedule of Securi

SECURITIES - Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	$ 496,315		$ 26,097
Less than 12 months, Unrealized Loss	(5,189)		(2,858)
12 months or more, Fair Value	36,136		17,100
12 months or more, Unrealized Loss	(1,069)		(3,969)
Total, Fair Value	532,451		43,197
Total, Unrealized Loss	(6,258)	$ 0	(6,827)
U.S. Treasury
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	491
Less than 12 months, Unrealized Loss	(9)
Total, Fair Value	491
Total, Unrealized Loss	(9)
Collateralized mortgage obligations
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	12,971
Less than 12 months, Unrealized Loss	(37)
Total, Fair Value	12,971
Total, Unrealized Loss	(37)
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	434,973		5,488
Less than 12 months, Unrealized Loss	(5,051)		(2)
12 months or more, Fair Value	36,136		13,880
12 months or more, Unrealized Loss	(1,069)		(144)
Total, Fair Value	471,109		19,368
Total, Unrealized Loss	(6,120)		(146)
Beneficial interest - FHLMC securitizations
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value			20,609
Less than 12 months, Unrealized Loss			(2,856)
12 months or more, Fair Value			3,220
12 months or more, Unrealized Loss			(3,825)
Total, Fair Value			23,829
Total, Unrealized Loss			$ (6,681)
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	47,880
Less than 12 months, Unrealized Loss	(92)
Total, Fair Value	47,880
Total, Unrealized Loss	$ (92)

SECURITIES - Schedule of Allowa

SECURITIES - Schedule of Allowance for Credit Losses - Securities AFS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investments [Abstract]
Beginning Balance for period	$ 7,245
Provision for credit losses	3,154	$ 7,245
Ending Balance for period	$ 10,399	$ 7,245

SECURITIES - Scheduled Maturiti

SECURITIES - Scheduled Maturities of Securities AFS and the Related Weighted Average Yields (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	$ 3,505	$ 500
Amortized cost, one through five years	13,480	1,012
Amortized cost, five through ten years	168,432	57,000
Amortized cost, after ten years	21,160
Amortized cost, total	$ 206,577	$ 58,512
Weighted average yield, less than one year	(4.82%)	1.83%
Weighted average yield, one through five years	2.36%	2.81%
Weighted average yield, five through ten years	3.75%	5.39%
Weighted average yield, after ten years	3.85%
Weighted average yield, total	3.52%	5.32%
Estimated fair value, less than one year	$ 3,505	$ 503
Estimated fair value, one through five years	13,540	1,107
Estimated fair value, five through ten years	170,744	58,358
Estimated fair value, after ten years	21,223
Estimated fair value, total	209,012	59,968
Corporate Bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year	3,505
Amortized cost, one through five years	11,634
Amortized cost, five through ten years	133,352	57,000
Amortized cost, after ten years	5,535
Amortized cost, total	154,026	57,000
Estimated fair value, less than one year	3,505
Estimated fair value, one through five years	11,624
Estimated fair value, five through ten years	135,653	58,358
Estimated fair value, after ten years	5,594
Estimated fair value, total	156,376	58,358
Municipal bonds \| U.S. Treasury
Schedule Of Available For Sale Securities [Line Items]
Amortized cost, less than one year		500
Amortized cost, one through five years	1,846	1,012
Amortized cost, five through ten years	35,080
Amortized cost, after ten years	15,625
Amortized cost, total	52,551	1,512
Estimated fair value, less than one year		503
Estimated fair value, one through five years	1,916	1,107
Estimated fair value, five through ten years	35,091
Estimated fair value, after ten years	15,629
Estimated fair value, total	$ 52,636	$ 1,610
Agency Mortgage-backed Securities and Beneficial interests in FHLMC securitization
Schedule Of Available For Sale Securities [Line Items]
Weighted average yield, total	1.67%	2.39%

LOANS - Summary of Loans (Detai

LOANS - Summary of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 6,893,984	$ 4,794,759
Premiums, discounts and deferred fees and expenses	12,744	9,040
Total	6,906,728	4,803,799
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans		3,053,556
Total	3,832,495
Multifamily
Accounts Notes And Loans Receivable [Line Items]
Total	2,896,743
Single family
Accounts Notes And Loans Receivable [Line Items]
Total	935,752
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans		747,807
Total	1,309,575
Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans		55,832
Total	155,926
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,598,422	918,676
Total	1,597,865
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	10,834	18,888
Total	10,867
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	5,284,728	3,857,195
Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,819,500	3,053,556
Total	3,832,495
Real Estate Loans \| Multifamily
Accounts Notes And Loans Receivable [Line Items]
Total loans	2,886,055	2,247,542
Real Estate Loans \| Single family
Accounts Notes And Loans Receivable [Line Items]
Total loans	933,445	806,014
Real Estate Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,309,200	747,807
Total	1,309,575
Real Estate Loans \| Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans	156,028	$ 55,832
Total	$ 155,926

LOANS - Summary of Delinquent a

LOANS - Summary of Delinquent and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
90 Days or More Past Due and Still Accruing		$ 152
Nonaccrual Past Due and Still Accruing	$ 8,330	20,628
Total loans		4,794,759
Total loans	6,893,984	4,794,759
Total	$ 6,906,728	$ 4,803,799
Percentage of Total Loans Due 30-59 Days	0.07%	0.04%
Percentage of Total Loans Due 60-89 Days	0.01%	0.01%
Percentage of Total Loans Due 90 Days or More		0.00%
Percentage of Total Loans Due Nonaccrual	0.12%	0.43%
Percentage of Total Loans	0.20%	0.49%
Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 13,656	$ 23,430
30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total loans	4,756	1,999
60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total loans	570	651
Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	6,893,072	4,771,329
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans		3,053,556
Total	3,832,495
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans		747,807
Total loans		747,807
Total	1,309,575
Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans		55,832
Total loans		55,832
Total	155,926
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
90 Days or More Past Due and Still Accruing		152
Nonaccrual Past Due and Still Accruing	3,520	5,137
Total loans		918,676
Total loans	1,598,422	918,676
Total	1,597,865
Commercial and Industrial Loans \| Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	4,083	6,713
Commercial and Industrial Loans \| 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total loans	303	1,013
Commercial and Industrial Loans \| 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total loans	260	411
Commercial and Industrial Loans \| Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,593,782	911,963
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans		18,888
Total loans	10,834	18,888
Total	10,867
Consumer Loans \| Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	10,867	18,888
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	5,284,728	3,857,195
Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual Past Due and Still Accruing	3,281	10,947
Total loans	3,819,500	3,053,556
Total	3,832,495
Real Estate Loans \| Residential Properties \| Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	5,110	10,982
Real Estate Loans \| Residential Properties \| 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,519	35
Real Estate Loans \| Residential Properties \| 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total loans	310
Real Estate Loans \| Residential Properties \| Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,827,385	3,042,574
Real Estate Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual Past Due and Still Accruing	1,529	4,544
Total loans	1,309,200	747,807
Total	1,309,575
Real Estate Loans \| Commercial Real Estate \| Financial Asset, Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	4,463	5,735
Real Estate Loans \| Commercial Real Estate \| 30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total loans	2,934	951
Real Estate Loans \| Commercial Real Estate \| 60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total loans		240
Real Estate Loans \| Commercial Real Estate \| Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,305,112	742,072
Real Estate Loans \| Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans	156,028	55,832
Total	155,926
Real Estate Loans \| Land and Construction \| Financial Asset, Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 155,926	$ 55,832

LOANS - Summary of Nonaccrual L

LOANS - Summary of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Net loans	$ 6,872,952	$ 4,779,599
Nonaccrual with Allowance for Credit Losses	1,733	5,568
Nonaccrual with No Allowance for Credit Losses	6,598	15,060
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with Allowance for Credit Losses	1,733	2,581
Nonaccrual with No Allowance for Credit Losses	1,788	2,557
Real Estate Loans \| Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with Allowance for Credit Losses		2,987
Nonaccrual with No Allowance for Credit Losses	3,281	7,959
Real Estate Loans \| Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual with No Allowance for Credit Losses	$ 1,529	$ 4,544

LOANS - Composition of TDRs by

LOANS - Composition of TDRs by Accrual and Nonaccrual Status (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Nonaccrual	$ 8,330	$ 20,628
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Nonaccrual	3,520	5,137
Principal Reduction And Extended Maturity
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	2,714	3,348
Troubled Debt Restructurings, Nonaccrual	3,204	4,109
Troubled Debt Restructurings, Total	5,918	7,457
Principal Reduction And Extended Maturity \| Residential Properties
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
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	1,021	1,107
Troubled Debt Restructurings, Nonaccrual	1,174	1,277
Troubled Debt Restructurings, Total	2,195	2,384
Principal Reduction And Extended Maturity \| Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Troubled Debt Restructurings, Accrual	493	1,041
Troubled Debt Restructurings, Nonaccrual	2,030	2,832
Troubled Debt Restructurings, Total	$ 2,523	$ 3,873

LOANS - Schedule of Detail of L

LOANS - Schedule of Detail of Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Financing Receivable Modifications [Line Items]
Number of loans \| loan	1	1
Outstanding recorded investment, pre-modification	$ 346	$ 507
Outstanding recorded investment, post-modification	$ 346	$ 507
Commercial and Industrial Loans
Financing Receivable Modifications [Line Items]
Number of loans \| loan	1	1
Outstanding recorded investment, pre-modification	$ 346	$ 507
Outstanding recorded investment, post-modification	$ 346	$ 507

ALLOWANCE FOR CREDIT LOSSES - B

ALLOWANCE FOR CREDIT LOSSES - Bank's Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	$ 24,200	$ 20,800	$ 19,000
Changes due to adoption		4,215
Provision for Credit Losses	856	26	2,637
Initial Allowance on Acquired PCD Loans	9,545
Charge-offs	(1,824)	(1,844)	(2,692)
Recoveries	999	1,003	1,855
Ending Balance	33,776	24,200	20,800
Residential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	5,115	8,423	9,216
Changes due to adoption		363
Provision for Credit Losses	(1,453)	(3,671)	(793)
Initial Allowance on Acquired PCD Loans	93
Charge-offs	(1,118)
Ending Balance	2,637	5,115	8,423
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	8,711	4,166	4,547
Changes due to adoption		3,760
Provision for Credit Losses	774	785	(381)
Initial Allowance on Acquired PCD Loans	7,564
Ending Balance	17,049	8,711	4,166
Land and Construction
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	892	573	391
Changes due to adoption		92
Provision for Credit Losses	1,051	227	182
Initial Allowance on Acquired PCD Loans	52
Ending Balance	1,995	892	573
Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	9,249	7,448	4,628
Provision for Credit Losses	614	2,642	3,653
Initial Allowance on Acquired PCD Loans	1,836
Charge-offs	(706)	(1,844)	(2,687)
Recoveries	999	1,003	1,854
Ending Balance	11,992	9,249	7,448
Consumer Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	233	190	218
Provision for Credit Losses	(130)	43	(24)
Charge-offs			(5)
Recoveries			1
Ending Balance	$ 103	$ 233	$ 190

ALLOWANCE FOR CREDIT LOSSES -_2

ALLOWANCE FOR CREDIT LOSSES - Balance of PCD loans (Details) - Receivables Acquired with Deteriorated Credit Quality $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Financing Receivable Allowance For Credit Losses [Line Items]
Par value of acquired loans	$ 41,105
Allowance for credit losses at acquisition	(9,545)
Purchase price of acquired loans	30,288
Real Estate Loans \| Residential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Non-credit discount at acquisition	$ (1,272)

ALLOWANCE FOR CREDIT LOSSES -_3

ALLOWANCE FOR CREDIT LOSSES - Balance in Allowance for Credit Losses and Recorded Investment in Loans by Impairment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	$ 10,516	$ 2,389
Allowance for Credit Losses, Collectively Evaluated for Impairment	23,260	21,811
Total Allowance for Credit Losses	33,776	24,200
Loans, Individually Evaluated for Impairment	61,563	36,190
Loans, Collectively Evaluated for Impairment	6,845,165	4,758,569
Total loans	6,893,984	4,794,759
Total	6,906,728	4,803,799
Residential Properties
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	111	1,059
Allowance for Credit Losses, Collectively Evaluated for Impairment	2,526	4,056
Total Allowance for Credit Losses	2,637	5,115
Loans, Individually Evaluated for Impairment	9,593	12,414
Loans, Collectively Evaluated for Impairment	3,822,902	3,041,142
Total loans		3,053,556
Total	3,832,495
Commercial Real Estate
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	7,967	374
Allowance for Credit Losses, Collectively Evaluated for Impairment	9,082	8,337
Total Allowance for Credit Losses	17,049	8,711
Loans, Individually Evaluated for Impairment	41,313	17,304
Loans, Collectively Evaluated for Impairment	1,268,262	730,503
Total loans		747,807
Total	1,309,575
Land and Construction
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	52
Allowance for Credit Losses, Collectively Evaluated for Impairment	1,943	892
Total Allowance for Credit Losses	1,995	892
Loans, Individually Evaluated for Impairment	694
Loans, Collectively Evaluated for Impairment	155,232	55,832
Total loans		55,832
Total	155,926
Commercial and Industrial Loans
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	2,386	956
Allowance for Credit Losses, Collectively Evaluated for Impairment	9,606	8,293
Total Allowance for Credit Losses	11,992	9,249
Loans, Individually Evaluated for Impairment	9,963	6,472
Loans, Collectively Evaluated for Impairment	1,587,902	912,204
Total loans	1,598,422	918,676
Total	1,597,865
Consumer Loans
Financing Receivable Impaired [Line Items]
Allowance for Credit Losses, Collectively Evaluated for Impairment	103	233
Total Allowance for Credit Losses	103	233
Loans, Collectively Evaluated for Impairment	10,867	18,888
Total loans	10,834	$ 18,888
Total	$ 10,867

ALLOWANCE FOR CREDIT LOSSES - R

ALLOWANCE FOR CREDIT LOSSES - Risk Category of Loans Based on Year of Origination (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	$ 1,973,024	$ 1,378,122
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,224,189	995,092
Financing Receivable Originated Two Years Before Latest Fiscal Year	666,713	804,013
Financing Receivable Originated Three Years Before Latest Fiscal Year	476,178	475,987
Financing Receivable Originated Four Years Before Latest Fiscal Year	326,563	338,502
Prior	1,515,612	487,340
Revolving Loans	724,449	315,703
Total loans		4,794,759
Total	6,906,728	4,803,799
Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	1,972,141	1,374,838
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,221,553	984,182
Financing Receivable Originated Two Years Before Latest Fiscal Year	636,509	784,679
Financing Receivable Originated Three Years Before Latest Fiscal Year	475,196	469,881
Financing Receivable Originated Four Years Before Latest Fiscal Year	322,281	330,898
Prior	1,451,179	472,098
Revolving Loans	718,463	303,741
Total loans		4,720,317
Total	6,797,322
Special Mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	883	2,058
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,101	4,665
Financing Receivable Originated Two Years Before Latest Fiscal Year	25,505	18,146
Financing Receivable Originated Three Years Before Latest Fiscal Year		1,565
Financing Receivable Originated Four Years Before Latest Fiscal Year		2,630
Prior	32,453	605
Revolving Loans	2,816	6,107
Total loans		35,776
Total	62,758
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	1,535	6,245
Financing Receivable Originated Two Years Before Latest Fiscal Year	4,699	1,188
Financing Receivable Originated Three Years Before Latest Fiscal Year	982	4,541
Financing Receivable Originated Four Years Before Latest Fiscal Year	4,282	4,974
Prior	31,980	14,637
Revolving Loans	3,170	5,855
Total loans		38,666
Total	46,648
Residential Properties
Financing Receivable Recorded Investment [Line Items]
Total	3,832,495
Multifamily
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	1,092,903	774,701
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	868,483	638,237
Financing Receivable Originated Two Years Before Latest Fiscal Year	419,523	469,866
Financing Receivable Originated Three Years Before Latest Fiscal Year	265,872	218,470
Financing Receivable Originated Four Years Before Latest Fiscal Year	141,433	82,941
Prior	108,529	63,328
Total loans		2,247,543
Total	2,896,743
Multifamily \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	1,092,903	774,701
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	868,483	638,237
Financing Receivable Originated Two Years Before Latest Fiscal Year	418,346	469,866
Financing Receivable Originated Three Years Before Latest Fiscal Year	265,872	218,470
Financing Receivable Originated Four Years Before Latest Fiscal Year	141,433	82,941
Prior	108,529	63,328
Total loans		2,247,543
Total	2,895,566
Multifamily \| Special Mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,177
Total	1,177
Single family
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	278,337	173,563
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	122,530	83,311
Financing Receivable Originated Two Years Before Latest Fiscal Year	52,995	110,560
Financing Receivable Originated Three Years Before Latest Fiscal Year	60,559	98,820
Financing Receivable Originated Four Years Before Latest Fiscal Year	59,047	107,568
Prior	287,046	203,826
Revolving Loans	75,238	28,365
Total loans		806,013
Total	935,752
Single family \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	278,337	173,563
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	122,530	83,311
Financing Receivable Originated Two Years Before Latest Fiscal Year	52,995	110,560
Financing Receivable Originated Three Years Before Latest Fiscal Year	60,559	95,888
Financing Receivable Originated Four Years Before Latest Fiscal Year	57,174	107,568
Prior	280,216	196,692
Revolving Loans	74,934	25,014
Total loans		792,596
Total	926,745
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
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	1,873
Prior	6,830	7,134
Revolving Loans	278	3,351
Total loans		12,431
Total	8,981
Commercial Real Estate
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	114,678	46,260
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	39,135	107,104
Financing Receivable Originated Two Years Before Latest Fiscal Year	85,855	136,508
Financing Receivable Originated Three Years Before Latest Fiscal Year	94,930	131,456
Financing Receivable Originated Four Years Before Latest Fiscal Year	117,831	124,567
Prior	857,146	201,912
Total loans		747,807
Total	1,309,575
Commercial Real Estate \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	114,678	46,260
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	39,135	100,432
Financing Receivable Originated Two Years Before Latest Fiscal Year	59,426	120,230
Financing Receivable Originated Three Years Before Latest Fiscal Year	94,930	129,120
Financing Receivable Originated Four Years Before Latest Fiscal Year	115,614	119,719
Prior	804,295	194,533
Total loans		710,294
Total	1,228,078
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	23,495	16,278
Financing Receivable Originated Four Years Before Latest Fiscal Year		2,333
Prior	30,389	157
Total loans		19,511
Total	53,884
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	2,934
Financing Receivable Originated Three Years Before Latest Fiscal Year		2,336
Financing Receivable Originated Four Years Before Latest Fiscal Year	2,217	2,515
Prior	22,462	7,222
Total loans		18,002
Total	27,613
Land and Construction
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	14,738	257
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		15,923
Financing Receivable Originated Two Years Before Latest Fiscal Year	17,692	27,792
Financing Receivable Originated Three Years Before Latest Fiscal Year	31,952	10,532
Financing Receivable Originated Four Years Before Latest Fiscal Year	2,529	706
Prior	89,015	622
Total loans		55,832
Total	155,926
Land and Construction \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	14,738	257
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year		15,923
Financing Receivable Originated Two Years Before Latest Fiscal Year	17,692	27,792
Financing Receivable Originated Three Years Before Latest Fiscal Year	31,952	10,532
Financing Receivable Originated Four Years Before Latest Fiscal Year	2,529	706
Prior	88,321	622
Total loans		55,832
Total	155,232
Land and Construction \| Special Mention
Financing Receivable Recorded Investment [Line Items]
Prior	694
Total	694
Commercial and Industrial Loans
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	472,314	380,784
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	194,041	150,517
Financing Receivable Originated Two Years Before Latest Fiscal Year	90,648	57,966
Financing Receivable Originated Three Years Before Latest Fiscal Year	21,691	16,706
Financing Receivable Originated Four Years Before Latest Fiscal Year	5,723	15,936
Prior	171,259	17,552
Revolving Loans	642,189	279,215
Total loans		918,676
Total	1,597,865
Commercial and Industrial Loans \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	471,431	377,500
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	191,405	146,279
Financing Receivable Originated Two Years Before Latest Fiscal Year	88,050	54,910
Financing Receivable Originated Three Years Before Latest Fiscal Year	20,709	15,868
Financing Receivable Originated Four Years Before Latest Fiscal Year	5,531	13,180
Prior	167,201	16,823
Revolving Loans	636,507	270,604
Total loans		895,164
Total	1,580,834
Commercial and Industrial Loans \| Special Mention
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	883	2,058
Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year	1,101	3,922
Financing Receivable Originated Two Years Before Latest Fiscal Year	833	1,868
Financing Receivable Originated Three Years Before Latest Fiscal Year		579
Financing Receivable Originated Four Years Before Latest Fiscal Year		297
Prior	1,370	448
Revolving Loans	2,790	6,107
Total loans		15,279
Total	6,977
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	1,535	316
Financing Receivable Originated Two Years Before Latest Fiscal Year	1,765	1,188
Financing Receivable Originated Three Years Before Latest Fiscal Year	982	259
Financing Receivable Originated Four Years Before Latest Fiscal Year	192	2,459
Prior	2,688	281
Revolving Loans	2,892	2,504
Total loans		8,233
Total	10,054
Consumer Loans
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	54	2,557
Financing Receivable Originated Two Years Before Latest Fiscal Year		1,321
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,174	3
Financing Receivable Originated Four Years Before Latest Fiscal Year		6,784
Prior	2,617	100
Revolving Loans	7,022	8,123
Total loans		18,888
Total	10,867
Consumer Loans \| Pass
Financing Receivable Recorded Investment [Line Items]
Financing Receivable Originated In Current Fiscal Year	54	2,557
Financing Receivable Originated Two Years Before Latest Fiscal Year		1,321
Financing Receivable Originated Three Years Before Latest Fiscal Year	1,174	3
Financing Receivable Originated Four Years Before Latest Fiscal Year		6,784
Prior	2,617	100
Revolving Loans	7,022	8,123
Total loans		$ 18,888
Total	$ 10,867

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	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Total Allowance for Credit Losses	$ 33,776	$ 24,200
Collateral Dependent Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,818	10,516
Total Allowance for Credit Losses		1,095
Collateral Dependent Loans \| Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,568	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 \| Single family
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,568	10,144
Total Allowance for Credit Losses		1,051
Collateral Dependent Loans \| Single family \| Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	2,568	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

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
PREMISES AND EQUIPMENT
Leasehold improvements and artwork	$ 22,331	$ 7,762
Information technology equipment	12,205	11,155
Furniture and fixtures	3,920	3,503
Land and auto	16,943	805
Total	55,399	23,225
Accumulated depreciation and amortization	(17,479)	(15,213)
Property, Plant and Equipment, Net, Total	$ 37,920	$ 8,012

REAL ESTATE OWNED (Details)

REAL ESTATE OWNED (Details) $ in Thousands	12 Months Ended
REAL ESTATE OWNED (Details) $ in Thousands	Dec. 31, 2021USD ($)
REAL ESTATE OWNED
Loans transferred to REO	$ 6,210
Ending Balance	$ 6,210

LOAN SALES AND MORTGAGE SERVI_2

LOAN SALES AND MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loan Sales And Mortgage Servicing Rights [Line Items]
Gain on sale of loans	$ 21,459	$ 15,140	$ 4,218
Valuation allowance of mortgage servicing rights	3,300	1,400
First Foundation Bank
Loan Sales And Mortgage Servicing Rights [Line Items]
Sale of multifamily loans through securitization	559,000	553,000	549,000
Gain on sale of loans	21,500	15,100	4,200
Mortgage servicing rights	6,800	7,900
Loans serviced for others	1,700,000	1,700,000
Valuation allowance of mortgage servicing rights	1,900	1,400
Servicing fees earned on loans	$ 3,400	$ 1,600	$ 1,700

DEPOSITS - Summary of Outstandi

DEPOSITS - Summary of Outstanding Balance of Deposits and Average Rates (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
DEPOSITS
Demand deposits, Noninterest-bearing	$ 3,280,455	$ 1,655,847
Demand deposits, Interest-bearing	2,242,684	871,289
Money market and savings	2,620,336	2,407,401
Certificates of deposits	668,485	978,896
Total	$ 8,811,960	$ 5,913,433
Demand deposits, Interest-bearing, Weighted Average Rate	0.07%	0.372%
Money market and savings, Weighted Average Rate	0.275%	0.549%
Certificates of deposits, Weighted Average Rate	0.145%	0.591%
Total, Weighted Average Rate	0.111%	0.376%

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
DEPOSITS
Certificates of deposits of $250,000 or more, maturities within one year	$ 361	$ 409
Certificates of deposits of $250,000 or more, maturities after one year	6	7
Certificates of deposits of $250,000 or more, total	367	416
Certificates of deposit of less than $ 250,000, maturities within one year	229	520
Certificates of deposit of less than $ 250,000, maturities after one year	72	43
Certificates of deposit of less than $250,000, total	$ 301	$ 563

BORROWINGS (Details)

BORROWINGS (Details)	12 Months Ended
BORROWINGS (Details)	Dec. 31, 2021USD ($)Institution	Dec. 31, 2017USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Overnight FHLB advances			$ 255,000,000
Long-term line of credit	$ 0
Loans pledged as collateral	4,000,000,000
Federal Home Loan Bank, maximum borrowing capacity	2,700,000,000
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	$ 3,100,000,000
FHLB, average daily balance of borrowings outstanding	1,000,000		56,000,000	$ 413,000,000
Secured debt	166,000,000
Securities pledged as collateral	$ 176,200,000
Weighted average rate	0.001%
FHLB Advances Maturing in April 2021
Debt Instrument [Line Items]
FHLB zero interest advances			$ 5,000,000
Minimum
Debt Instrument [Line Items]
Unsecured debt	$ 20,000,000
Maximum
Debt Instrument [Line Items]
Unsecured debt	100,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, borrowing capacity		$ 40,000,000
Line of credit maturity period		5 years
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument basis point rate		3.50%
U.S. Treasury
Debt Instrument [Line Items]
Securities pledged as collateral	500,000
Subordinated Notes Due 2030
Debt Instrument [Line Items]
Subordinated notes	$ 26,000,000
Interest rate (as a percent)	6.00%
Subordinated Notes Due 2030 \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument basis point rate	5.90%
0.47% FHLB Term Advances
Debt Instrument [Line Items]
FHLB term advances outstanding	$ 250,000,000
FHLB advances interest rates			0.47%
FFI
Debt Instrument [Line Items]
Long-term line of credit	$ 18,500,000		$ 14,000,000
Line of credit facility, Interest rate	3.63%

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	12 Months Ended
SHAREHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Subsidiary Sale Of Stock [Line Items]
Cash and cash equivalents	$ 1,121,757	$ 629,707
FFI
Subsidiary Sale Of Stock [Line Items]
Dividend payment restrictions (as a percent)	50.00%
Cash and cash equivalents	$ 21,763	$ 4,692

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
EARNINGS PER SHARE
Net income, Basic													$ 109,511	$ 84,369	$ 56,239
Basic common shares outstanding													45,272,183	44,639,430	44,617,361
Earnings per share, Basic	$ 0.51	$ 0.83	$ 0.58	$ 0.50	$ 0.50	$ 0.69	$ 0.40	$ 0.30	$ 0.34	$ 0.39	$ 0.28	$ 0.25	$ 2.42	$ 1.89	$ 1.26
Net income, Diluted													$ 109,511	$ 84,369	$ 56,239
Effect of options, restricted stock and contingent shares issuable													187,357	261,375	293,904
Diluted common shares outstanding													45,459,540	44,900,805	44,911,265
Earnings per share, Diluted	$ 0.51	$ 0.83	$ 0.58	$ 0.50	$ 0.50	$ 0.69	$ 0.40	$ 0.29	$ 0.34	$ 0.39	$ 0.28	$ 0.25	$ 2.41	$ 1.88	$ 1.25

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) $ in Thousands	Jan. 18, 2017	Dec. 31, 2010shares	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2007itemshares	Dec. 31, 2015shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of equity incentive plans \| item						2
Future grant of options purchased \| shares						1,300,282
Increase in number of shares for issuance \| shares		580,000
Stock split, conversion ratio	2
Stock-based compensation expense			$ 2,756	$ 2,075	$ 1,633
Stock options exercised, intrinsic value			5,800	800	300
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of shares vested			2,200	1,600	2,000
Fair value of shares issued			2,200	$ 1,600	$ 2,000
Unrecognized compensation costs			$ 2,000
Executive Officers, Other Key Employees and Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for grant \| shares							750,000
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award term			10 years

STOCK BASED COMPENSATION - Summ

STOCK BASED COMPENSATION - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Options Granted
Outstanding at beginning of period	374,050	548,550	592,550
Options exercised	(327,000)	(117,500)	(44,000)
Options forfeited		(57,000)
Outstanding at end of period	47,050	374,050	548,550
Options exercisable	47,050	374,050	548,550
Weighted Average Exercise Price
Outstanding at beginning of period	$ 7.81	$ 7.79	$ 7.78
Options exercised	7.69	7.79	7.60
Options forfeited		7.66
Outstanding at end of period	8.68	7.81	7.79
Options exercisable	$ 8.68	$ 7.81	$ 7.79
Weighted-Average Remaining Contractual Term
Outstanding at end of period	1 year 11 months 15 days	1 year 29 days	2 years 7 days
Options exercisable	1 year 11 months 15 days	1 year 29 days	2 years 7 days
Aggregate Intrinsic Value
Outstanding at end of period	$ 761	$ 3,586	$ 5,270
Options exercisable	$ 761	$ 3,586	$ 5,270

STOCK BASED COMPENSATION - Su_2

STOCK BASED COMPENSATION - Summary of RSUs Issued under Equity Incentive Plan (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shares
Nonvested at beginning of period, Shares	193,190	139,278	114,320
New RSUs, Shares	134,973	159,186	157,494
Shares vested and issued, Shares	(126,528)	(103,741)	(132,536)
RSUs forfeited, Shares	(2,061)	(1,533)
Nonvested at end of period, Shares	199,574	193,190	139,278
Weighted Average Grant Date Fair Value
Nonvested at end of period, Shares	$ 15.32	$ 15.69	$ 17.51
New RSUs, Weighted-Average Grant Date Fair Value	23.33	15.26	15.18
Shares vested and issued, Weighted-Average Grant Date Fair Value	17.45	15.74	16.65
RSUs forfeited, Weighted-Average Grant Date Fair Value	20.06
Nonvested at end of period, Weighted-Average Grant Date Fair Value	$ 19.34	$ 15.32	$ 15.69

401(k) PROFIT SHARING PLAN (Det

401(k) PROFIT SHARING PLAN (Details) - USD ($)	12 Months Ended
401(k) PROFIT SHARING PLAN (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
401(k) profit sharing plan
Duration to join 401k Plan	3 months
Employee contribution on compensation, maximum	100.00%
Percentage of employees' annual contribution, eligible for employers match	100.00%	100.00%	100.00%
Additional percentage of employees' annual contribution, eligible for employers match	50.00%	50.00%	50.00%
Percentage of employees' annual contribution matched	3.00%	3.00%	3.00%
Additional percentage of employees' annual contribution matched	2.00%	2.00%	2.00%
Employer contribution amount	$ 2,200,000	$ 1,800,000	$ 1,900,000
Deferred Profit Sharing
401(k) profit sharing plan
Employer contribution amount	$ 0	$ 0	$ 0

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current expense:
Federal													$ 28,550	$ 23,316	$ 15,411
State													15,303	12,661	7,922
Deferred expense (benefit):
Federal													(867)	(1,315)	(235)
State													(712)	(264)	162
Total	$ 8,469	$ 14,664	$ 10,230	$ 8,911	$ 9,567	$ 12,177	$ 7,258	$ 5,396	$ 6,505	$ 6,892	$ 5,095	$ 4,768	$ 42,274	$ 34,398	$ 23,260

INCOME TAXES - Schedule of Reco

INCOME TAXES - Schedule of Reconciliation of Statutory Income Taxes and Effective Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Federal statutory income tax rate													21.00%	21.00%	21.00%
State tax, net of Federal benefit, rate													8.08%	8.09%	8.06%
Windfall benefit - exercise of stock options, rate													(1.13%)	0.10%
Transaction costs, rate													0.36%
Low income housing, net benefit, rate													(0.48%)	(0.54%)
Tax exempt interest income, rate													(0.67%)	(0.12%)
Other items, net, rate													0.69%	0.63%	0.20%
Effective income tax rate													27.85%	28.96%	29.26%
Income before taxes	$ 32,345	$ 51,890	$ 36,284	$ 31,266	$ 31,933	$ 43,115	$ 25,112	$ 18,607	$ 21,719	$ 24,248	$ 17,505	$ 16,027	$ 151,785	$ 118,767	$ 79,499
Federal statutory income tax, amount													31,875	24,941	16,695
State tax, net of Federal benefit, amount													12,262	9,612	6,405
Windfall benefit - exercise of stock options, amount													(1,708)	(118)
Transaction costs, amount													551
Low income housing, net benefit, amount													(732)	(638)
Tax exempt interest income, amount													(1,014)	(150)
Other items, net, amount													1,040	751	160
Total	$ 8,469	$ 14,664	$ 10,230	$ 8,911	$ 9,567	$ 12,177	$ 7,258	$ 5,396	$ 6,505	$ 6,892	$ 5,095	$ 4,768	$ 42,274	$ 34,398	$ 23,260

INCOME TAXES - Net Deferred Tax

INCOME TAXES - Net Deferred Tax Assets Recognized (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets (liabilities)
Allowance for credit and REO losses	$ 14,062	$ 8,546
Operating loss carryforwards	1,775	1,924
State taxes	3,157	2,611
Stock-based compensation	538	558
Market valuation: Acquired loans and REO	3,252	2,438
Capital activities - mark to market	3,927	847
Compensation related	1,343	1,210
Core deposit intangible	(2,471)	(1,977)
Prepaid expenses	(1,853)	(1,234)
Depreciation	(1,065)	(1,014)
Accumulated other comprehensive income	(945)	(5,824)
Other	(885)	518
Net deferred tax assets	$ 20,835	$ 8,603

INCOME TAXES - Operating loss c

INCOME TAXES - Operating loss carryforwards (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Operating loss carryforwards
Operating loss carryforwards	$ 0
Operating loss carryfowards, utilization amount	6
Tax Year 2012
Operating loss carryforwards
Operating loss carryforwards	13.4
Operating loss carryfowards, utilization amount	$ 8.2
Operating loss carryforwards, utilization period	20 years
Tax Year 2015
Operating loss carryforwards
Operating loss carryforwards	$ 3.6
Tax Year 2017
Operating loss carryforwards
Operating loss carryforwards	0.7
Tax Year 2018
Operating loss carryforwards
Operating loss carryforwards	3.2
Tax Year 2021
Operating loss carryforwards
Operating loss carryforwards	$ 0.1

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Lessee Lease Description [Line Items]
Operating lease, existence of options to renew	true
Right of use asset	$ 19,384
Operating lease liability	20,575
Lease expense	$ 6,500	$ 6,100	$ 5,900
ASU 2016-02
Lessee Lease Description [Line Items]
Right of use asset				$ 21,100
Operating lease liability				22,700
Deferred rent liability eliminated				$ 1,600

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Schedule of Supplemental Lease Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Balance Sheet:
Operating lease asset classified as other assets	$ 19,384
Operating Lease Right of Use Asset Statement of Financial Position [Extensible List]	Other assets
Operating lease liability classified as other liabilities	$ 20,575
Operating Lease Liability Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities
Income Statement:
Operating lease cost classified as occupancy and equipment expense	$ 6,559
Weighted average lease term, in years	4 years 6 months 25 days
Weighted average discount rate	4.85%
Operating cash flows	$ 6,794

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Summary of Maturity of Remaining Lease Liabilities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 7,068
2023	4,588
2024	4,269
2025	3,584
2026 and after	5,178
Total future minimum lease payments	24,687
Discount on cash flows	(4,112)
Total lease liability	$ 20,575

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES - Off Balance Sheet Arrangements of Bank (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES
Commitments to fund new loans	$ 29,545	$ 36,143
Commitments to fund under existing loans, lines of credit	881,605	517,169
Commitments under standby letters of credit	$ 14,576	$ 15,589

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES (Details) $ in Thousands	12 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES (Details) $ in Thousands	Dec. 31, 2021USD ($)agreement	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)agreement	Jun. 30, 2018USD ($)agreement
Derivatives Fair Value [Line Items]
Number of derivative agreements \| agreement	0
Loan interest income	$ 224,823	$ 216,798	$ 220,951
Gain on sale of loans	$ 21,459	$ 15,140	$ 4,218
Swap Agreements
Derivatives Fair Value [Line Items]
Derivative instrument, notional amounts				$ 500,000	$ 652,000
Number of derivative agreements \| agreement				2	4
Gain on sale of loans				$ 5,900
Reduction in interest income				$ 800

DERIVATIVES AND HEDGING ACTIV_4

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

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	12 Months Ended
RELATED PARTY TRANSACTIONS (Details)	Dec. 31, 2021USD ($)item	Dec. 31, 2020USD ($)item	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Related Party Transactions
Gain on sale of loans	$ 21,459,000	$ 15,140,000	$ 4,218,000
Directors, executive officers and affiliates
Related Party Transactions
Deposits from related parties	6,200,000	4,100,000
Interest paid	37,000	22,000	30,000
Assets under management	6,100,000
Fees amount received	$ 19,000	$ 100,000	$ 100,000
First Foundation Bank
Related Party Transactions
Number of executive officers \| item	2	2	2
Minority interests of executive officers	$ 600,000	$ 300,000	$ 300,000
Director
Related Party Transactions
Subordinated notes held at FFI	70,000
Chief Executive Officer
Related Party Transactions
Purchase of loans	200,000	45,700,000		$ 52,100,000	$ 121,900,000
Loans serviced for other financial institution	95,000,000
Interest on loan	33,100	200,000
Loans and leases, participating sub debt offering					$ 15,000,000
Gain on loans and leases, participating sub debt offering	$ 800,000	$ 800,000	$ 800,000

QUALIFIED AFFORDABLE HOUSING _2

QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS
Duration to use LIHTC and other tax benefits	10 years
Balance of investment for qualified affordable housing projects	$ 59,000,000	$ 39,700,000
Unfunded commitments	45,200,000	34,400,000
Amortization	3,600,000	2,600,000	$ 161,000
Tax credits	3,200,000	1,500,000	61,000
Impairment	$ 0	$ 0	$ 0

REGULATORY MATTERS - Schedule o

REGULATORY MATTERS - Schedule of Capital and Capital Ratios (Details) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
FFI
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
CET1 capital ratio, Actual Amount	$ 846,515	$ 589,276
Tier 1 leverage/(core) ratio, Actual Amount	846,515	589,276
Tier 1 risk-based capital ratio, Actual Amount	846,515	589,276
Total risk-based capital ratio, Actual Amount	$ 887,821	$ 620,700
CET1 capital ratio, Actual Ratio	0.1134	0.1155
Tier 1 leverage/(core) ratio, Actual Ratio	0.0843	0.0893
Tier 1 risk-based capital ratio, Actual Ratio	0.1134	0.1155
Total risk-based capital ratio, Actual Ratio	0.1190	0.1217
CET1 capital ratio, For Capital Adequacy Purposes Amount	$ 335,801	$ 229,490
Tier 1 leverage/(core) ratio, For Capital Adequacy Purposes Amount	401,645	263,986
Tier 1 risk-based capital ratio, For Capital Adequacy Purposes Amount	447,735	305,987
Total risk-based capital ratio, For Capital Adequacy Purposes Amount	$ 596,980	$ 407,982
CET1 capital ratio, For Capital Adequacy Purposes Ratio	0.0450	0.0450
Tier 1 leverage/(core) ratio, For Capital Adequacy Purposes Ratio	0.0400	0.0400
Tier 1 risk-based capital ratio, For Capital Adequacy Purposes Ratio	0.0600	0.0600
Total risk-based capital ratio, For Capital Adequacy Purposes Ratio	0.0800	0.0800
FFA
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
CET1 capital ratio, Actual Amount	$ 854,075	$ 591,171
Tier 1 leverage/(core) ratio, Actual Amount	854,075	591,171
Tier 1 risk-based capital ratio, Actual Amount	854,075	591,171
Total risk-based capital ratio, Actual Amount	$ 895,381	$ 622,595
CET1 capital ratio, Actual Ratio	0.1149	0.1163
Tier 1 leverage/(core) ratio, Actual Ratio	0.0853	0.0898
Tier 1 risk-based capital ratio, Actual Ratio	0.1149	0.1163
Total risk-based capital ratio, Actual Ratio	0.1204	0.1225
CET1 capital ratio, For Capital Adequacy Purposes Amount	$ 334,608	$ 228,703
Tier 1 leverage/(core) ratio, For Capital Adequacy Purposes Amount	400,616	263,330
Tier 1 risk-based capital ratio, For Capital Adequacy Purposes Amount	446,144	304,938
Total risk-based capital ratio, For Capital Adequacy Purposes Amount	$ 594,859	$ 406,583
CET1 capital ratio, For Capital Adequacy Purposes Ratio	0.0450	0.0450
Tier 1 leverage/(core) ratio, For Capital Adequacy Purposes Ratio	0.0400	0.0400
Tier 1 risk-based capital ratio, For Capital Adequacy Purposes Ratio	0.0600	0.0600
Total risk-based capital ratio, For Capital Adequacy Purposes Ratio	0.0800	0.0800
CET1 capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	$ 483,323	$ 330,349
Tier 1 leverage/(core) ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	500,770	329,162
Tier 1 risk-based capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	594,859	406,583
Total risk-based capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	$ 743,574	$ 508,229
CET1 leverage ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.0650	0.0650
Tier 1 leverage/(core) ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.0500	0.0500
Tier 1 risk-based capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.0800	0.0800
Total risk-based capital ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.1000	0.1000

REGULATORY MATTERS - Additional

REGULATORY MATTERS - Additional Information (Details) $ in Millions	Dec. 31, 2021USD ($)
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital buffer against risk weighted assets cumulative	2.50%
First Foundation Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
CET1 capital ratio, to be well-capitalized amount	$ 371
Tier 1 leverage ratio, to be well-capitalized amount	353
Tier 1 risk-based capital ratio, to be well-capitalized amount	259
Excess total risk-based capital ratio, to be well-capitalized amount	$ 152

REGULATORY MATTERS - Schedule_2

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

NONINTEREST INCOME (Details)

NONINTEREST INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
NONINTEREST INCOME (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue [Line Items]
Asset management, consulting and other fees	$ 36,022	$ 29,465	$ 28,658
Type of Revenue [Extensible List]	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember	us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember
Other income	$ 12,972	$ 10,042	$ 8,900
Wealth Management
Disaggregation Of Revenue [Line Items]
Asset management, consulting and other fees	28,447	23,413	23,067
Trust Fees
Disaggregation Of Revenue [Line Items]
Asset management, consulting and other fees	7,161	5,645	5,124
Consulting Fees
Disaggregation Of Revenue [Line Items]
Asset management, consulting and other fees	414	407	467
Deposit Fees
Disaggregation Of Revenue [Line Items]
Other income	1,714	1,236	1,070
Loan Related Fees
Disaggregation Of Revenue [Line Items]
Other income	9,208	8,334	6,667
Other,
Disaggregation Of Revenue [Line Items]
Other income	$ 2,050	$ 472	$ 1,163

NONINTEREST INCOME - Additional

NONINTEREST INCOME - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset Management Fees \| Other Assets.
Disaggregation Of Revenue [Line Items]
Receivables from contract with customers	$ 6	$ 8.7	$ 1

OTHER EXPENSES (Details)

OTHER EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
OTHER EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
OTHER EXPENSES
Regulatory assessments	$ 4,200	$ 3,817	$ 3,969
Directors' compensation expenses	820	$ 639	628
Acquisition expenses	$ 2,606		$ (490)

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - segment	12 Months Ended
SEGMENT REPORTING (Details) - segment	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEGMENT REPORTING
Reportable business segments	2	2	2

SEGMENT REPORTING - Key Operati

SEGMENT REPORTING - Key Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Interest income	$ 64,688	$ 61,989	$ 61,403	$ 59,138	$ 57,930	$ 61,691	$ 61,932	$ 62,338	$ 62,294	$ 62,614	$ 63,308	$ 60,544	$ 247,218	$ 243,891	$ 248,760
Interest expense	2,730	2,802	3,493	4,909	6,218	10,074	13,485	17,470	18,406	19,482	21,421	19,497	13,934	47,247	78,806
Net interest income	61,958	59,187	57,910	54,229	51,712	51,617	48,447	44,868	43,888	43,132	41,887	41,047	233,284	196,644	169,954
Provision for credit losses	3,879	(417)	44	360	(233)	1,548	1,367	4,064	694	172	1,231	540	3,866	6,746	2,637
Noninterest income	13,830	30,680	14,035	11,908	11,362	23,641	8,969	10,675	10,198	13,982	9,131	8,465	70,453	54,647	41,776
Noninterest expense	39,564	38,394	35,617	34,511	31,374	30,595	30,937	32,872	31,673	32,694	32,282	32,945	148,086	125,778	129,594
Income before taxes on income	$ 32,345	$ 51,890	$ 36,284	$ 31,266	$ 31,933	$ 43,115	$ 25,112	$ 18,607	$ 21,719	$ 24,248	$ 17,505	$ 16,027	151,785	118,767	79,499
Operating Segments \| Banking
Segment Reporting Information [Line Items]
Interest income													247,218	243,891	248,760
Interest expense													13,688	47,078	78,450
Net interest income													233,530	196,813	170,310
Provision for credit losses													3,866	6,746	2,637
Noninterest income													41,068	31,567	18,844
Noninterest expense													121,375	102,019	104,367
Income before taxes on income													149,357	119,615	82,150
Operating Segments \| Wealth Management
Segment Reporting Information [Line Items]
Noninterest income													29,917	24,510	24,136
Noninterest expense													23,349	21,778	21,931
Income before taxes on income													6,568	2,732	2,205
Other.
Segment Reporting Information [Line Items]
Interest expense													246	169	356
Net interest income													(246)	(169)	(356)
Noninterest income													(532)	(1,430)	(1,204)
Noninterest expense													3,362	1,981	3,296
Income before taxes on income													$ (4,140)	$ (3,580)	$ (4,856)

SEGMENT REPORTING - Financial P

SEGMENT REPORTING - Financial Position For Each of Our Business Segments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 1,121,757	$ 629,707
Securities AFS, net	1,191,378	807,426
Loans held for sale	501,436	505,404
Loans, net	6,872,952	4,779,599
FHLB Stock	18,249	17,250
Premises and equipment	37,920	8,012
Deferred taxes	20,835	8,603
REO	6,210
Goodwill and intangibles	222,125	95,296
Other assets	203,342	105,863
Total Assets	10,196,204	6,957,160
Deposits	8,811,960	5,913,433
Borrowings	210,127	269,000
Other liabilities	110,066	79,016
Shareholders' equity	1,064,051	695,711	$ 613,869	$ 559,184
Total Liabilities and Shareholders' Equity	10,196,204	6,957,160
Operating Segments \| Banking
Segment Reporting Information [Line Items]
Cash and cash equivalents	1,121,089	629,066
Securities AFS, net	1,191,378	807,426
Loans held for sale	501,436	505,404
Loans, net	6,872,952	4,779,599
FHLB Stock	18,249	17,250
Premises and equipment	37,373	7,313
Deferred taxes	20,745	8,663
REO	6,210
Goodwill and intangibles	222,125	95,296
Other assets	179,385	91,702
Total Assets	10,170,942	6,941,719
Deposits	8,836,250	5,919,155
Borrowings	165,930	255,000
Intercompany balances	4,605	4,493
Other liabilities	92,500	65,423
Shareholders' equity	1,071,657	697,648
Total Liabilities and Shareholders' Equity	10,170,942	6,941,719
Operating Segments \| Wealth Management
Segment Reporting Information [Line Items]
Cash and cash equivalents	3,195	1,671
Premises and equipment	411	563
Deferred taxes	138	186
Other assets	365	314
Total Assets	4,109	2,734
Intercompany balances	(8,204)	(3,519)
Other liabilities	4,381	3,808
Shareholders' equity	7,932	2,445
Total Liabilities and Shareholders' Equity	4,109	2,734
Other Segment
Segment Reporting Information [Line Items]
Cash and cash equivalents	21,763	4,692
Premises and equipment	136	136
Deferred taxes	(48)	(246)
Other assets	1,103,181	713,940
Total Assets	1,125,032	718,522
Borrowings	44,197	14,000
Intercompany balances	3,599	(974)
Other liabilities	13,185	9,785
Shareholders' equity	1,064,051	695,711
Total Liabilities and Shareholders' Equity	1,125,032	718,522
Intersegment Eliminations
Segment Reporting Information [Line Items]
Cash and cash equivalents	(24,290)	(5,722)
Other assets	(1,079,589)	(700,093)
Total Assets	(1,103,879)	(705,815)
Deposits	(24,290)	(5,722)
Shareholders' equity	(1,079,589)	(700,093)
Total Liabilities and Shareholders' Equity	$ (1,103,879)	$ (705,815)

QUARTERLY FINANCIAL INFORMATI_3

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Interest income	$ 64,688	$ 61,989	$ 61,403	$ 59,138	$ 57,930	$ 61,691	$ 61,932	$ 62,338	$ 62,294	$ 62,614	$ 63,308	$ 60,544	$ 247,218	$ 243,891	$ 248,760
Interest expense	2,730	2,802	3,493	4,909	6,218	10,074	13,485	17,470	18,406	19,482	21,421	19,497	13,934	47,247	78,806
Net interest income	61,958	59,187	57,910	54,229	51,712	51,617	48,447	44,868	43,888	43,132	41,887	41,047	233,284	196,644	169,954
Provision for credit losses	3,879	(417)	44	360	(233)	1,548	1,367	4,064	694	172	1,231	540	3,866	6,746	2,637
Noninterest income	13,830	30,680	14,035	11,908	11,362	23,641	8,969	10,675	10,198	13,982	9,131	8,465	70,453	54,647	41,776
Noninterest expense	39,564	38,394	35,617	34,511	31,374	30,595	30,937	32,872	31,673	32,694	32,282	32,945	148,086	125,778	129,594
Income before taxes on income	32,345	51,890	36,284	31,266	31,933	43,115	25,112	18,607	21,719	24,248	17,505	16,027	151,785	118,767	79,499
Taxes on income	8,469	14,664	10,230	8,911	9,567	12,177	7,258	5,396	6,505	6,892	5,095	4,768	42,274	34,398	23,260
Net income	$ 23,876	$ 37,226	$ 26,054	$ 22,355	$ 22,366	$ 30,938	$ 17,854	$ 13,211	$ 15,214	$ 17,356	$ 12,410	$ 11,259	$ 109,511	$ 84,369	$ 56,239
Net income per share:
Basic	$ 0.51	$ 0.83	$ 0.58	$ 0.50	$ 0.50	$ 0.69	$ 0.40	$ 0.30	$ 0.34	$ 0.39	$ 0.28	$ 0.25	$ 2.42	$ 1.89	$ 1.26
Diluted	$ 0.51	$ 0.83	$ 0.58	$ 0.50	$ 0.50	$ 0.69	$ 0.40	$ 0.29	$ 0.34	$ 0.39	$ 0.28	$ 0.25	$ 2.41	$ 1.88	$ 1.25

PARENT ONLY FINANCIAL STATEME_3

PARENT ONLY FINANCIAL STATEMENTS - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 1,121,757	$ 629,707
Premises and equipment, net	37,920	8,012
Other assets	203,342	105,863
Total Assets	10,196,204	6,957,160
Liabilities:
Borrowings	210,127	269,000
Accounts payable and other liabilities	110,066	79,016
Total Liabilities	9,132,153	6,261,449
Shareholders' Equity
Common Stock	56	45
Additional paid-in-capital	720,744	433,941
Retained earnings	340,976	247,638
Accumulated other comprehensive income	2,275	14,087
Total Shareholders' Equity	1,064,051	695,711	$ 613,869	$ 559,184
Total Liabilities and Shareholders' Equity	10,196,204	6,957,160
FFI
ASSETS
Cash and cash equivalents	21,763	4,692
Premises and equipment, net	136	136
Deferred taxes	(48)	(246)
Investment in subsidiaries	1,079,589	700,093
Intercompany receivable		974
Other assets	23,592	13,847
Total Assets	1,125,032	719,496
Liabilities:
Borrowings	44,197	14,000
Intercompany payable	3,599
Accounts payable and other liabilities	13,185	9,785
Total Liabilities	60,981	23,785
Shareholders' Equity
Common Stock	56	45
Additional paid-in-capital	720,744	433,941
Retained earnings	340,976	247,638
Accumulated other comprehensive income	2,275	14,087
Total Shareholders' Equity	1,064,051	695,711
Total Liabilities and Shareholders' Equity	$ 1,125,032	$ 719,496

PARENT ONLY FINANCIAL STATEME_4

PARENT ONLY FINANCIAL STATEMENTS - Income Statements (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest expense-borrowings													$ 481	$ 7,815	$ 14,624
Noninterest income:
Other income													12,972	10,042	8,900
Total noninterest income	$ 13,830	$ 30,680	$ 14,035	$ 11,908	$ 11,362	$ 23,641	$ 8,969	$ 10,675	$ 10,198	$ 13,982	$ 9,131	$ 8,465	70,453	54,647	41,776
Noninterest expense:
Compensation and benefits													87,908	73,868	69,933
Occupancy and depreciation													24,977	23,892	20,905
Professional services and marketing costs													12,224	8,045	7,417
Other expenses													14,202	12,528	13,481
Total noninterest expense	39,564	38,394	35,617	34,511	31,374	30,595	30,937	32,872	31,673	32,694	32,282	32,945	148,086	125,778	129,594
Income before taxes on income	32,345	51,890	36,284	31,266	31,933	43,115	25,112	18,607	21,719	24,248	17,505	16,027	151,785	118,767	79,499
Taxes on income	8,469	14,664	10,230	8,911	9,567	12,177	7,258	5,396	6,505	6,892	5,095	4,768	42,274	34,398	23,260
Net income	$ 23,876	$ 37,226	$ 26,054	$ 22,355	$ 22,366	$ 30,938	$ 17,854	$ 13,211	$ 15,214	$ 17,356	$ 12,410	$ 11,259	109,511	84,369	56,239
FFI
Interest expense-borrowings													246	169	356
Noninterest income:
Earnings from investment in subsidiaries													112,550	86,909	59,660
Other income													1,271	(97)	82
Total noninterest income													113,821	86,812	59,742
Noninterest expense:
Compensation and benefits													972	1,343	1,517
Occupancy and depreciation													1	112	178
Professional services and marketing costs													3,329	848	1,842
Other expenses													863	1,011	1,045
Total noninterest expense													5,165	3,314	4,582
Income before taxes on income													108,410	83,329	54,804
Taxes on income													(1,101)	(1,040)	(1,435)
Net income													$ 109,511	$ 84,369	$ 56,239

PARENT ONLY FINANCIAL STATEME_5

PARENT ONLY FINANCIAL STATEMENTS - Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net income	$ 23,876	$ 37,226	$ 26,054	$ 22,355	$ 22,366	$ 30,938	$ 17,854	$ 13,211	$ 15,214	$ 17,356	$ 12,410	$ 11,259	$ 109,511	$ 84,369	$ 56,239
Other comprehensive income (loss):
Unrealized holding (losses) gains on securities arising during the period													(16,696)	13,866	7,674
Other comprehensive income (loss) before tax													(16,696)	13,866	7,674
Income tax benefit (expense) related to items of other comprehensive income													4,884	(4,055)	(2,021)
Other comprehensive income (loss)													(11,812)	9,811	5,653
Less: Reclassification adjustment for loss included in net earnings															(316)
Income tax benefit related to reclassification adjustment															92
Reclassification adjustment for loss included in net earnings, net of tax															(224)
Other comprehensive income (loss), net of tax													(11,812)	9,811	5,429
Total comprehensive income													97,699	94,180	61,668
FFI
Net income													109,511	84,369	56,239
Other comprehensive income (loss):
Unrealized holding (losses) gains on securities arising during the period													(16,696)	13,866	7,674
Other comprehensive income (loss) before tax													(16,696)	13,866	7,674
Income tax benefit (expense) related to items of other comprehensive income													4,884	(4,055)	(2,021)
Other comprehensive income (loss)													(11,812)	9,811	5,653
Less: Reclassification adjustment for loss included in net earnings															(316)
Income tax benefit related to reclassification adjustment															92
Reclassification adjustment for loss included in net earnings, net of tax															(224)
Other comprehensive income (loss), net of tax													(11,812)	9,811	5,429
Total comprehensive income													$ 97,699	$ 94,180	$ 61,668

PARENT ONLY FINANCIAL STATEME_6

PARENT ONLY FINANCIAL STATEMENTS - Statements of Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities:
Net income	$ 109,511	$ 84,369	$ 56,239
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock-based compensation expense	2,756	2,075	1,633
Deferred tax liability (benefit)	(1,579)	(1,579)	(73)
Increase in other assets	(39,173)	(38,899)	(1,352)
Increase (decrease) in accounts payable and other liabilities	23,336	12,593	5,929
Net cash provided by operating activities	96,935	67,442	60,437
Cash Flows from Investing Activities:
Net cash (used in) provided by investing activities	(79,373)	(24,896)	(427,039)
Cash Flows from Financing Activities:
Line of credit net change - borrowings, net	17,085	4,000	5,000
Proceeds from the sale of stock, net	2,759	915	334
Repurchase of stock	(1,722)	(2,824)	(23)
Dividends paid	(16,173)	(12,504)	(8,927)
Net cash provided by financing activities	474,488	521,774	364,677
Increase (decrease) in cash and cash equivalents	492,050	564,320	(1,925)
Cash and cash equivalents at beginning of year	629,707	65,387	67,312
Cash and cash equivalents at end of period	1,121,757	629,707	65,387
FFI
Cash Flows from Operating Activities:
Net income	109,511	84,369	56,239
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Earnings from investment in subsidiaries	(112,550)	(86,909)	(59,660)
Stock-based compensation expense	115	98	90
Deferred tax liability (benefit)	(198)	414	75
Increase in other assets	(26,308)	549	(322)
Increase (decrease) in accounts payable and other liabilities	3,400	(5,079)	(46)
Net cash provided by operating activities	(26,030)	(6,558)	(3,624)
Cash Flows from Investing Activities:
Investment in subsidiaries	(10)		(10,000)
Dividend from subsidiary	22,000	12,000	17,000
Net cash (used in) provided by investing activities	21,990	12,000	7,000
Cash Flows from Financing Activities:
Line of credit net change - borrowings, net	30,197	4,000	5,000
Proceeds from the sale of stock, net	2,514	908	334
Repurchase of stock		(2,824)	(23)
Intercompany accounts, net decrease (increase)	4,573	2,606	576
Dividends paid	(16,173)	(12,504)	(8,927)
Net cash provided by financing activities	21,111	(7,814)	(3,040)
Increase (decrease) in cash and cash equivalents	17,071	(2,372)	336
Cash and cash equivalents at beginning of year	4,692	7,064	6,728
Cash and cash equivalents at end of period	$ 21,763	$ 4,692	$ 7,064

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event - USD ($) $ / shares in Units, $ in Millions	Jan. 31, 2022	Jan. 24, 2022
Subsequent Event [Line Items]
Dividends payable, amount per share	$ 0.11
Dividends payable, date to be paid	Feb. 17, 2022
Dividends payable, date of record	Feb. 10, 2022
Subordinated Notes Due 2032
Subsequent Event [Line Items]
Debt instrument face amount		$ 150
Fixed-to-floating rate		3.50%
Debt instrument basis point rate		3.50%
Subordinated Notes Due 2032 \| Secured Overnight Financing Rate (SOFR)
Subsequent Event [Line Items]
Debt instrument basis point rate		2.04%
Subordinated Notes Due 2032 \| Maximum
Subsequent Event [Line Items]
Debt instrument repaying		$ 30