First Foundation Investor Presentation Deck
Conservative Portfolio of Residential Loans
Multifamily Loan Characteristics (1)
Average Loan Size
Average LTV(2)
Average DSCR (3)
% Delinquent
I
■
I
$3.29 Million
54%
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1.42x
0.00%
1)
2)
3)
Single-Family Real Estate Loan Characteristics (1)
4)
Average Loan Size(5)
5)
Average LTV(2)
Median FICO(4)
Conservative underwriting to in-place rents and higher of market or actual vacancy and expenses.
No multifamily charge-offs since FFB's creation in 2007.
Strong single family borrower characteristics with high FICO scores and larger loan balances.
% Delinquent
$682 Thousand
High credit quality with consistently low LTVs for both multifamily and single-family loans and strong DSCR ratios
on multifamily loans.
49%
765
1.80%
Data as of September 30, 2023, unless otherwise noted.
Loan-to-Value ("LTV") at time of origination.
Debt Service Coverage Ratio ("DSCR") represents the actual fully amortizing DSCR based on the initial interest rate, loan amount
and property's Net Operating Income ("NOI") at time of origination.
Median FICO based on the lowest median score of the borrowing entities associated with each loan at time of origination. FICO
data at time of origination not available on ~6% of portfolio related to loans originated by acquired banks.
Excludes zero balance HELOCS.
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