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CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY (Tables) (Parent company)
 12 Months Ended
Dec. 31, 2013
Parent company
  
Condensed financial statements  
Schedule of condensed balance sheets

 

 

 
   December 31,  
Parent Company Only
Condensed Balance Sheets
  2013   2012  
 
   (In thousands)
  

Assets:

              

Cash and due from banks

   $ 21,835   $ 28,472  

Investments in subsidiaries

     911,200     649,656  

Other assets

     10,341     20,174  
           
​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 943,376   $ 698,302  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Liabilities:

              

Subordinated debentures

   $ 132,645   $ 108,250  

Other liabilities

     1,638     931  
           
​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     134,283     109,181  

Stockholders' equity

     809,093     589,121  
           
​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and stockholders' equity

   $ 943,376   $ 698,302  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of condensed statements of earnings

 

 
   Year Ended December 31,  
Parent Company Only
Condensed Statements of Earnings
  2013   2012   2011  
 
   (In thousands)
  

Acquisition-related securities gain

   $ 5,222   $ —   $ —  

Debt termination income

     —     1,597     —  

Miscellaneous income

     104     114     157  

Dividends from Bank subsidiary

     48,000     50,000     25,500  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total income

     53,326     51,711     25,657  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Interest expense

     3,796     3,721     4,923  

Operating expenses

     6,061     5,576     8,255  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total expenses

     9,857     9,297     13,178  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before income taxes and equity in undistributed earnings of subsidiaries

     43,469     42,414     12,479  

Income tax benefit

     4,038     3,174     5,671  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before equity in undistributed earnings of subsidiaries

     47,507     45,588     18,150  

Equity in undistributed earnings of subsidiaries

     (2,392 )   11,213     32,554  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings

   $ 45,115   $ 56,801   $ 50,704  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Schedule of condensed statements of cash flows

 

 
   Year Ended December 31,  
Parent Company Only
Condensed Statements of Cash Flows
  2013   2012   2011  
 
   (In thousands)
  

Cash flows from operating activities:

                    

Net earnings

   $ 45,115   $ 56,801   $ 50,704  

Adjustments to reconcile net earnings to net cash provided by operating activities:

                    

Acquisition-related securities gain

     (5,222 )   —     —  

Change in other assets

     (609 )   711     (4,533 )

Change in liabilities

     4,932     (4,122 )   6,262  

Tax effect in stockholders' equity of restricted stock vesting

     (364 )   (102 )   501  

Earned stock compensation

     441     715     3,551  

Equity in undistributed (earnings) losses of subsidiaries

     2,392     (11,213 )   (32,554 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by operating activities

     46,685     42,790     23,931  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows from investing activities:

                    

Net cash and cash equivalents acquired in acquisition

     857     —     —  

Purchases of securities available-for-sale

     —     (1,500 )   (2,580 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities

     857     (1,500 )   (2,580 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows from financing activities:

                    

Redemptions of subordinated debentures

     —     (18,558 )   —  

Tax effect in stockholders' equity of restricted stock vesting

     364     102     (501 )

Restricted stock surrendered

     (13,537 )   (1,475 )   (1,465 )

Cash dividends paid

     (41,006 )   (28,787 )   (7,626 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in financing activities

     (54,179 )   (48,718 )   (9,592 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net increase (decrease) in cash and cash equivalents

     (6,637 )   (7,428 )   11,759  

Cash and cash equivalents, beginning of year

     28,472     35,900     24,141  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents, end of year

   $ 21,835   $ 28,472   $ 35,900  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Supplemental disclosure of noncash investing and financing activities:

                    

Common stock issued for First California Financial Group acquisition

   $ 242,268   $ —   $ —