First Foundation Inc. in Irvine filed a shelf registration with the Securities and Exchange Commission to sell up to $200 million in shares.

The filing is currently inactive and no share price for it has been set; First Foundation traded recently at a $448 million market cap on 16.3 million shares outstanding.

“The universal shelf registration statement provides flexibility in raising funds when needed in the future,” Chief Executive Scott Kavanaugh said in a statement.

First Foundation focuses on wealth management and banking services to high net worth clients in Southern California.

It had about $3.6 billion in assets at the end of September and has about 215 local employees.