XML 75 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 1,039,885us-gaap_CashAndCashEquivalentsAtCarryingValue $ 895,820us-gaap_CashAndCashEquivalentsAtCarryingValue
Short-term investments 338,714us-gaap_ShortTermInvestments 257,473us-gaap_ShortTermInvestments
Securities purchased under resale agreements 1,225,000us-gaap_SecuritiesPurchasedUnderAgreementsToResell 1,300,000us-gaap_SecuritiesPurchasedUnderAgreementsToResell [1]
Investment securities available-for-sale, at fair value 2,626,365us-gaap_AvailableForSaleSecurities 2,733,797us-gaap_AvailableForSaleSecurities
Loans held for sale 45,950us-gaap_LoansReceivableHeldForSaleNet 204,970us-gaap_LoansReceivableHeldForSaleNet
Non-covered loans (net of allowance for loan losses of $258,174 in 2014 and $241,930 in 2013) 19,994,081us-gaap_LoansAndLeasesReceivableNetReportedAmount 15,412,715us-gaap_LoansAndLeasesReceivableNetReportedAmount
Covered loans (net of allowance for loan losses of $3,505 in 2014 and $7,745 in 2013) 1,474,189us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered 2,187,898us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered
Total loans receivable, net 21,468,270us-gaap_LoansAndLeasesReceivableNetReportedAmountCoveredAndNotCovered 17,600,613us-gaap_LoansAndLeasesReceivableNetReportedAmountCoveredAndNotCovered
FDIC indemnification asset, net   74,708us-gaap_FDICIndemnificationAsset
Other real estate owned, net 27,612ewbc_OtherRealEstateOwnedNet 18,900ewbc_OtherRealEstateOwnedNet
Other real estate owned covered, net 4,499ewbc_OtherRealEstateOwnedCoveredNet 21,373ewbc_OtherRealEstateOwnedCoveredNet
Total other real estate owned 32,111us-gaap_OtherRealEstateAndForeclosedAssets 40,273us-gaap_OtherRealEstateAndForeclosedAssets
Investment in Federal Home Loan Bank stock, at cost 31,239us-gaap_FederalHomeLoanBankStock 62,330us-gaap_FederalHomeLoanBankStock
Investment in Federal Reserve Bank stock, at cost 54,451us-gaap_FederalReserveBankStock 48,333us-gaap_FederalReserveBankStock
Investment in affordable housing partnerships, net 178,652ewbc_InvestmentInAffordableHousingPartnerships 164,776ewbc_InvestmentInAffordableHousingPartnerships
Premises and equipment (net of accumulated depreciation of $85,409 in 2014 and $69,768 in 2013) 180,900us-gaap_PropertyPlantAndEquipmentNet 177,710us-gaap_PropertyPlantAndEquipmentNet
Premiums on deposits acquired, net 45,309ewbc_FiniteLivedCoreDepositsNet 46,920ewbc_FiniteLivedCoreDepositsNet
Goodwill 469,433us-gaap_Goodwill 337,438us-gaap_Goodwill
Other assets 1,001,770us-gaap_OtherAssets 784,907us-gaap_OtherAssets
TOTAL 28,738,049us-gaap_Assets 24,730,068us-gaap_Assets
Customer deposit accounts:    
Noninterest-bearing 7,381,030us-gaap_NoninterestBearingDepositLiabilities 5,821,899us-gaap_NoninterestBearingDepositLiabilities
Interest-bearing 16,627,744us-gaap_InterestBearingDepositLiabilities 14,591,019us-gaap_InterestBearingDepositLiabilities
Total deposits 24,008,774us-gaap_Deposits 20,412,918us-gaap_Deposits
Securities sold under repurchase agreements 795,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchase 995,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchase
Payable to FDIC, net 96,106ewbc_FdicIndemnificationAssetLiabilities  
Federal Home Loan Bank advances 317,241us-gaap_FederalHomeLoanBankAdvancesLongTerm 315,092us-gaap_FederalHomeLoanBankAdvancesLongTerm
Long-term debt 225,848us-gaap_LongTermDebt 226,868us-gaap_LongTermDebt
Accrued expenses and other liabilities 444,512us-gaap_AccruedLiabilitiesAndOtherLiabilities 415,965us-gaap_AccruedLiabilitiesAndOtherLiabilities
Total liabilities 25,887,481us-gaap_Liabilities 22,365,843us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (Note 15)      
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value, 200,000,000 shares authorized; 163,772,218 and 163,098,008 shares issued in 2014 and 2013, respectively; 143,582,229 and 137,630,896 shares outstanding in 2014 and 2013, respectively. 164us-gaap_CommonStockValue 163us-gaap_CommonStockValue
Additional paid in capital 1,677,767us-gaap_AdditionalPaidInCapital 1,571,670us-gaap_AdditionalPaidInCapital
Retained earnings 1,598,598us-gaap_RetainedEarningsAccumulatedDeficit 1,360,130us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost-20,189,989 shares in 2014 and 25,467,112 shares in 2013 (430,198)us-gaap_TreasuryStockValue (537,279)us-gaap_TreasuryStockValue
Accumulated other comprehensive (loss) income, net of tax 4,237us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (30,459)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity 2,850,568us-gaap_StockholdersEquity 2,364,225us-gaap_StockholdersEquity
TOTAL $ 28,738,049us-gaap_LiabilitiesAndStockholdersEquity $ 24,730,068us-gaap_LiabilitiesAndStockholdersEquity
[1] Of the $1.40 billion resale agreements as of December 31, 2013, $100.0 million was recorded in cash and cash equivalents and $1.3 billion was recorded in securities under resale agreements in the consolidated balance sheet.