First Foundation Investor Presentation Deck
Industry Trends: Top Performing Asset Class
Multifamily loans have historically been the best performing of all real estate loan types
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
2009
2010
2011
Charge offs by Loan Type for CA-Based Banks
W
2012
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Average Charge off Rate (2009 - 12.31.22)
Multifamily
Single Family
NOO CRE
Commercial and Industrial
J
2013
2014 2015 2016
Single Family Multifamily NOO CRE Commercial and Industrial
2017
2018
2019
2020
2021
0.19%
0.23%
0.30%
0.70%
2022
Source: SNL Data; FDIC Call Report
Note: Charge off rate weighted the loan balance of each bank's associated asset class. Only includes California headquartered commercial and savings
banks.
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