Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Acquisitions

Schedule of contractual amounts due, expected cash flows to be collected, interest component and fair value as of the respective acquisition dates

	Acquired Loans
	(dollars in thousands)
Contractual amounts due	$	79,358
Cash flows not expected to be collected	—
Expected cash flows	79,358
Interest component of expected cash flows	10,543
Fair value of acquired loans	$	68,815

Summary of pro forma net interest and other income, net income and earnings per share

	Nine months Ended September 30,
	2013		2012
Net interest and other income	$	52,738	$	55,791
Net income	5,648		14,902
Basic earnings per share	$	0.36	$	1.16
Diluted earnings per share	$	0.35	$	1.13

San Diego Trust Bank

Acquisitions

Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded

The following table represents the assets acquired and liabilities assumed of SDTB as of June 25, 2013 and the provisional fair value adjustments and amounts recorded by the Company in 2013 under the acquisition method of accounting:

	SDTB Book Value			Fair Value Adjustments			Fair Value
	(dollars in thousands)
ASSETS ACQUIRED
Cash and cash equivalents	$	30,252		$	—		$	30,252
Investment securities	124,960			(155		)	124,805
Loans, gross	42,945			(552		)	42,393
Allowance for loan losses	(1,013		)	1,013			—
Other real estate owned	752			—			752
Core deposit intangible	—			2,836			2,836
Other assets	9,856			—			9,856
Total assets acquired	$	207,752		$	3,142		$	210,894
LIABILITIES ASSUMED
Deposits	$	183,901		$	6		$	183,907
Deferred tax liability (asset)	(333		)	1,255			922
Other liabilities	1,823			—			1,823
Total liabilities assumed	185,391			1,261			186,652
Excess of assets acquired over liabilities assumed	$	22,361		$	1,881		24,242
Consideration paid							30,622
Goodwill recognized							$	6,380

First Association Bank

Acquisitions

Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded

The following table represents the assets acquired and liabilities assumed of FAB as of March 15, 2013, the provisional fair value adjustments and amounts recorded by the Company in 2013 under the acquisition method of accounting:

	FAB Book Value			Fair Value Adjustments		Fair Value
	(dollars in thousands)
ASSETS ACQUIRED
Cash and cash equivalents	$	167,663		$	—	$	167,663
Investment securities	219,913			2,478		222,391
Loans, gross	26,264			158		26,422
Allowance for loan losses	(224		)	224		—
Core deposit intangible	—			1,930		1,930
Other assets	5,823			—		5,823
Total assets acquired	$	419,439		$	4,790	$	424,229
LIABILITIES ASSUMED
Deposits	$	356,737		$	81	$	356,818
Borrowings	16,905			—		16,905
Deferred tax liability	—			3,918		3,918
Other Liabilities	536			—		536
Total liabilities assumed	374,178			3,999		378,177
Excess of assets acquired over liabilities assumed	$	45,261		$	791	46,052
Consideration paid						57,906
Goodwill recognized						$	11,854