10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________________________________________ 

FORM 10-Q

______________________________________________ 

Quarterly report pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2017

Commission File Number: 000-50245

______________________________________________ 

HOPE BANCORP, INC.

(Exact name of registrant as specified in its charter)

______________________________________________ 

Delaware	95-4849715
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
3200 Wilshire Boulevard, Suite 1400, Los Angeles, California	90010
(Address of principal executive offices)	(Zip Code)

(213) 387-3200

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if change since last report)

______________________________________________ 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x		Accelerated filer	o
Non-accelerated filer	o	(Do not check if a smaller reporting company)	Smaller reporting company	o
			Emerging growth company	o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(d) of the Exchange Act.   o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    

Yes  o   No  x

As of August 2, 2017, there were 135,349,745 outstanding shares of Hope Bancorp, Inc. common stock, $0.001 par value.

Table of Contents

		Page
PART I - FINANCIAL INFORMATION
Item 1.	FINANCIAL STATEMENTS
	Consolidated Statements of Financial Condition - June 30, 2017 (Unaudited) and December 31, 2016	4
	Consolidated Statements of Income (Unaudited) - Three and Six Months Ended June 30, 2017 and 2016	6
	Consolidated Statements of Comprehensive Income (Unaudited) - Three and Six Months Ended June 30, 2017 and 2016	7
	Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - Six Months Ended June 30, 2017 and 2016	8
	Consolidated Statements of Cash Flows (Unaudited) - Six Months Ended June 30, 2017 and 2016	9
	Notes to Consolidated Financial Statements (Unaudited)	10
Item 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	54
Item 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	75
Item 4.	CONTROLS AND PROCEDURES	76
PART II - OTHER INFORMATION
Item 1.	LEGAL PROCEEDINGS	77
Item 1A.	RISK FACTORS	77
Item 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	77
Item 3.	DEFAULTS UPON SENIOR SECURITIES	77
Item 4.	MINE SAFETY DISCLOSURES	77
Item 5.	OTHER INFORMATION	77
Item 6.	EXHIBITS	77
SIGNATURES		78
INDEX TO EXHIBITS		79

2

Forward-Looking Statements

Some statements in this Quarterly Report on Form 10-Q constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the business environment in which we operate, projections of future performance, perceived opportunities in the market, our anticipated merger with U & I Financial Corp., and statements regarding our business strategies, objectives and vision. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, the Company claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Our actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The risks and uncertainties include: inability to consummate our proposed merger with U & I Financial Corp. on the terms we have proposed or at all; failure to realize the benefits from the merger with U & I Financial Corp. that we currently expect if the merger is consummated; the Company’s inability to remediate its presently identified material weaknesses or to do so in a timely manner, the possibility that additional material weaknesses may arise in the future, and that a material weakness may have an impact on our reported financial results; possible deterioration in economic conditions in our areas of operation; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; and regulatory risks associated with current and future regulations. For additional information concerning these and other risk factors, see Part I, Item 1A. Risk Factors contained in our Annual Report on Form 10-K for the year ended December 31, 2016 and Part II, Item 1A. Risk Factors, contained in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2017.

The Company does not undertake, and specifically disclaims any obligation, to update any forward looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.

3

PART I

FINANCIAL INFORMATION

Item 1. Financial Statements

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
	(Unaudited)
	June 30, 2017		December 31, 2016
ASSETS	(Dollars in thousands, except share data)
Cash and cash equivalents:
Cash and due from banks	$	180,987	$	168,827
Interest bearing cash in other banks	265,428		268,507
Total cash and cash equivalents	446,415		437,334
Interest bearing deposits in other financial institutions and other investments	43,962		44,202
Securities available for sale, at fair value	1,680,382		1,556,740
Loans held for sale, at the lower of cost or fair value	16,927		22,785
Loans receivable (net of allowance for loan losses of $80,074 and $79,343 at June 30, 2017 and December 31, 2016, respectively)	10,736,345		10,463,989
Other real estate owned (“OREO”), net	21,839		21,990
Federal Home Loan Bank (“FHLB”) stock, at cost	22,351		21,964
Premises and equipment, net	52,565		55,316
Accrued interest receivable	25,640		26,880
Deferred tax assets, net	81,488		88,110
Customers’ liabilities on acceptances	1,669		2,899
Bank owned life insurance (“BOLI”)	74,113		73,696
Investments in affordable housing partnerships	91,343		70,059
Goodwill	464,450		462,997
Core deposit intangible assets, net	17,874		19,226
Servicing assets	25,338		26,457
Other assets	56,516		46,778
Total assets	$	13,859,217	$	13,441,422
(Continued)

4

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
	(Unaudited)
	June 30, 2017			December 31, 2016
LIABILITIES AND STOCKHOLDERS’ EQUITY	(Dollars in thousands, except share data)
LIABILITIES:
Deposits:
Noninterest bearing	$	3,016,538		$	2,900,241
Interest bearing:
Money market and NOW accounts	3,563,404			3,401,446
Savings deposits	275,272			301,906
Time deposits	4,099,887			4,038,442
Total deposits	10,955,101			10,642,035
FHLB advances	793,403			754,290
Subordinated debentures	100,328			99,808
Accrued interest payable	11,855			10,863
Acceptances outstanding	1,669			2,899
Commitments to fund investments in affordable housing partnerships	43,929			24,409
Other liabilities	46,638			51,645
Total liabilities	11,952,923			11,585,949
STOCKHOLDERS’ EQUITY:
Common stock, $0.001 par value; authorized 150,000,000 shares at June 30, 2017 and December 31, 2016; issued and outstanding, 135,297,678 and 135,240,079 shares at June 30, 2017 and December 31, 2016, respectively	135			135
Additional paid-in capital	1,402,303			1,400,490
Retained earnings	513,945			469,505
Accumulated other comprehensive loss, net	(10,089		)	(14,657		)
Total stockholders’ equity	1,906,294			1,855,473
Total liabilities and stockholders’ equity	$	13,859,217		$	13,441,422

See accompanying Notes to Consolidated Financial Statements (Unaudited).

5

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(Dollars in thousands, except per share data)
INTEREST INCOME:
Loans, including fees	$	128,515	$	77,086	$	251,809	$	154,204
Securities	8,741		5,729		16,854		11,406
Interest bearing deposits in other banks and other investments	1,277		719		2,613		1,385
Total interest income	138,533		83,534		271,276		166,995
INTEREST EXPENSE:
Deposits	18,114		10,352		32,625		20,259
FHLB advances	2,338		1,686		4,477		3,209
Other borrowings	1,261		432		2,449		856
Total interest expense	21,713		12,470		39,551		24,324
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	116,820		71,064		231,725		142,671
PROVISION FOR LOAN LOSSES	2,760		1,200		8,360		1,700
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	114,060		69,864		223,365		140,971
NONINTEREST INCOME:
Service fees on deposit accounts	5,179		2,902		10,517		5,585
International service fees	1,119		816		2,227		1,591
Loan servicing fees, net	1,291		589		2,729		1,280
Wire transfer fees	1,343		893		2,529		1,807
Net gains on sales of SBA loans	3,267		3,035		6,517		4,860
Net gains on sales of other loans	352		43		772		43
Other income and fees	3,564		2,429		8,427		4,316
Total noninterest income	16,115		10,707		33,718		19,482
NONINTEREST EXPENSE:
Salaries and employee benefits	34,946		21,757		69,112		43,326
Occupancy	7,154		4,920		14,348		9,737
Furniture and equipment	3,556		2,337		6,969		4,624
Advertising and marketing	2,394		1,402		5,818		2,538
Data processing and communications	2,676		2,129		6,282		4,300
Professional fees	3,260		1,273		7,162		2,356
Investments in affordable housing partnership expenses	3,055		271		5,216		676
FDIC assessments	1,004		1,095		2,014		2,133
Credit related expenses	113		911		1,996		1,332
OREO expense, net	1,188		133		2,185		1,561
Merger and integration expenses	562		1,533		1,509		2,740
Other	4,129		2,587		9,125		5,074
Total noninterest expense	64,037		40,348		131,736		80,397
INCOME BEFORE INCOME TAX PROVISION	66,138		40,223		125,347		80,056
INCOME TAX PROVISION	25,451		16,833		48,450		33,043
NET INCOME	$	40,687	$	23,390	$	76,897	$	47,013
EARNINGS PER COMMON SHARE
Basic	$	0.30	$	0.29	$	0.57	$	0.59
Diluted	$	0.30	$	0.29	$	0.57	$	0.59

See accompanying Notes to Consolidated Financial Statements (Unaudited).

6

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
	Three Months Ended June 30,					Six Months Ended June 30,
	2017		2016			2017			2016
	(Dollars in thousands)
Net income	$	40,687	$	23,390		$	76,897		$	47,013
Other comprehensive income:
Change in unrealized net holding gains   on securities available for sale	4,768		6,606			7,949			22,238
Change in unrealized net holding gains   (losses) on interest only strips	8		(3		)	(41		)	(44		)
Less tax effect	2,016		2,785			3,340			9,388
Other comprehensive income,   net of tax	2,760		3,818			4,568			12,806
Total comprehensive income	$	43,447	$	27,208		$	81,465		$	59,819

See accompanying Notes to Consolidated Financial Statements (Unaudited).

7

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Unaudited)
		Common stock			Additional paid-in capital			Retained earnings			Accumulated other comprehensive  income (loss), net			Total stockholders’ equity
		Shares	Amount
	(Dollars in thousands, except share data)
BALANCE, JANUARY 1, 2016		79,566,356	$	80	$	541,596		$	398,251		$	(1,832	)	$	938,095
Issuance of shares pursuant to various stock plans		40,465			(6		)							(6		)
Stock-based compensation					98									98
Cash dividends declared on common stock								(26,266		)				(26,266		)
Comprehensive income:
Net income								47,013						47,013
Other comprehensive income											12,806			12,806
BALANCE, JUNE 30, 2016		79,606,821	$	80	$	541,688		$	418,998		$	10,974		$	971,740
BALANCE, JANUARY 1, 2017		135,240,079	$	135	$	1,400,490		$	469,505		$	(14,657	)	$	1,855,473
Issuance of shares pursuant to various stock plans		57,599			649									649
Stock-based compensation					1,164									1,164
Cash dividends declared on common stock								(32,457		)				(32,457		)
Comprehensive income:
Net income								76,897						76,897
Other comprehensive income											4,568			4,568
BALANCE, JUNE 30, 2017		135,297,678	$	135	$	1,402,303		$	513,945		$	(10,089	)	$	1,906,294

See accompanying Notes to Consolidated Financial Statements (Unaudited).

8

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
	Six Months Ended June 30,
	2017			2016
	(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	76,897		$	47,013
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, amortization, net of discount accretion	(6,244		)	394
Stock-based compensation expense	1,506			98
Provision for loan losses	8,360			1,700
Valuation adjustment of premises held for sale	1,084			—
Valuation adjustment of OREO	1,410			924
Net gains on sales of SBA and other loans	(7,289		)	(4,903		)
Earnings on BOLI	(417		)	(544		)
Net change in fair value of derivatives	65			—
Net gain on sale and disposal of premise and equipment	(338		)	—
Net gain (loss) on sales of OREO	(82		)	145
Loss on investments in affordable housing partnership	5,047			676
Net change in deferred income taxes	2,544			6,122
Proceeds from sales of loans held for sale	138,413			71,817
Originations of loans held for sale	(111,742		)	(72,564		)
Originations of servicing assets	(2,612		)	(2,087		)
Net change in accrued interest receivable	1,240			(592		)
Net change in other assets	(9,916		)	(24,980		)
Net change in accrued interest payable	992			1,157
Net change in other liabilities	(5,007		)	4,097
Net cash provided by operating activities	93,911			28,473
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of other investments	(8,820		)	—
Redemption of other investments	9,060			—
Purchase of securities available for sale	(245,198		)	(155,411		)
Proceeds from matured, called, or paid-down of securities available for sale	124,381			88,514
Proceeds from sales of other loans held for sale	259			—
Net change in loans receivable	(285,348		)	(331,713		)
Proceeds from sales of OREO	3,606			5,435
Purchase of FHLB stock	(1,148		)	—
Redemption of FHLB stock	761			—
Purchase of premises and equipment	(4,622		)	(6,587		)
Proceeds from sales and disposals of premise and equipment held for sale	3,267			—
Investments in affordable housing partnerships	(6,980		)	—
Net cash used in investing activities	(410,782		)	(399,762		)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	317,760			296,589
Proceeds from FHLB advances	425,000			475,000
Repayment of FHLB advances	(385,000		)	(395,000		)
Cash dividends paid on common stock	(32,457		)	(17,510		)
Issuance of additional stock pursuant to various stock plans	649			(6		)
Net cash provided by financing activities	325,952			359,073
NET CHANGE IN CASH AND CASH EQUIVALENTS	9,081			(12,216		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	437,334			298,389
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	446,415		$	286,173
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	$	43,620		$	23,167
Income taxes paid	$	61,314		$	35,701
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Transfer from loans receivable to OREO	$	7,173		$	2,188
Transfer from loans receivable to loans held for sale	$	14,590		$	400
Transfer from loans held for sale to loans receivable	$	394		$	—
Transfer from premises and equipment to premises held for sale	$	3,300		$	—
New commitments to fund affordable housing partnership investments	$	26,500		$	—

See accompanying Notes to Consolidated Financial Statements (Unaudited).

9

HOPE BANCORP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

1. Hope Bancorp, Inc.

Hope Bancorp, Inc. (“Hope Bancorp” on a parent-only basis and the “Company” on a consolidated basis), headquartered in Los Angeles, California, is the holding company for Bank of Hope (the “Bank”). As of June 30, 2017, the Bank operated branches in California, Washington, Texas, Illinois, Alabama, Georgia, Virginia, New Jersey, and New York, as well as loan production offices in Georgia, Virginia, Texas, Colorado, Oregon, Washington, Southern California, and Northern California. The Company is a corporation organized under the laws of the state of Delaware and a bank holding company registered under the Bank Holding Company Act of 1956, as amended.

Effective at the close of business on July 29, 2016, the Company (previously known as BBCN Bancorp, Inc.) completed its merger with Wilshire Bancorp, Inc. (“Wilshire”) pursuant to the Agreement and Plan of Merger, dated as of December 7, 2015, by and between the Company and Wilshire (the “Merger Agreement”). On the date of the acquisition, Wilshire merged with and into the Company, with the Company being the surviving corporation. On the date of the merger with Wilshire, the Company changed its name to “Hope Bancorp, Inc.” and changed its ticker symbol to “HOPE”.

2. Basis of Presentation

The consolidated financial statements included herein have been prepared without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), except for the Consolidated Statement of Financial Condition as of December 31, 2016 which was from the audited financial statements included in the Company’s 2016 Annual Report on Form 10-K. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such SEC rules and regulations.

The consolidated financial statements include the accounts of Hope Bancorp and its wholly owned subsidiaries, principally Bank of Hope. All intercompany transactions and balances have been eliminated in consolidation. The Company has made all adjustments, that in the opinion of management, are necessary to fairly present the Company’s financial position at June 30, 2017 and December 31, 2016 and the results of operations for the three and six months ended June 30, 2017 and 2016. Certain reclassifications have been made to prior period amounts to conform to the current year presentation. The results of operations for the interim periods are not necessarily indicative of results to be anticipated for the full year.

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

These unaudited consolidated financial statements should be read along with the audited consolidated financial statements and accompanying notes included in the Company’s 2016 Annual Report on Form 10-K.

10

Recent Accounting Pronouncements:

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. ASU 2014-09 is based on the principle that revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09 as amended by ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, is effective for interim and annual periods beginning after December 15, 2017 and is applied on either a modified retrospective or full retrospective basis. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company’s revenue primarily consists of net interest income and noninterest income. The scope of the guidance explicitly excludes net interest income, as well as other revenues from financial instruments such as loans, leases, securities and derivatives. Certain noninterest income revenue items such as service charges on deposits accounts, gain/loss on other real estate owned sales, and other income items may be in the scope of ASU 2014-09 and how these revenue streams are recognized may change. The Company is currently in the process of evaluating the impact of ASU 2014-09 on its consolidated financial statements, but does not expect the adoption of ASU 2014-09 to have a material impact on its consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. ASU 2016-13 becomes effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. ASU 2017-08 was issued to amend the amortization period for certain callable debt securities held at a premium. ASU 2017-08 shortens the amortization period of premiums on certain purchased callable debt securities to the earliest call date. ASU 2017-08 affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). ASU 2017-08 does not impact securities purchased at a discount, which continue to be amortized to maturity. ASU 2017-08 is effective for annual period beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted in an interim period. If an entity chooses to adopt early, any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The adoption of ASU 2017-08 is not expected to have a material impact on the Company’s consolidated financial statements.

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification”. ASU 2017-09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017-09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017-09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Company is currently in the process of evaluating the impact of ASU 2017-09 on its consolidated financial statements, but does not expect the adoption of ASU 2017-09 to have material impact on it consolidated financial statements.

11

3. Mergers and Acquisitions

The Company applies the acquisition method of accounting for business combinations, including the merger with Wilshire under ASC 805 “Business Combinations”. Under the acquisition method of accounting, the acquiring entity in a business combination recognizes 100 percent of the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. Where amounts allocated to assets acquired and liabilities assumed is greater than the purchase price, a bargain purchase gain is recognized. Acquisition-related costs are expensed as incurred as merger and integration expense.

Pending Acquisition of U & I Financial Corp

On January 23, 2017, the Company announced the signing of a definitive agreement and plan of merger (the “U & I Merger Agreement”) with U & I Financial Corporation (“U & I”) pursuant to which U & I will merge with and into Hope Bancorp with Hope Bancorp as the surviving corporation. As part of the merger, UniBank, a wholly-owned subsidiary of U & I, will merge with and into the Bank. Under the U & I Merger Agreement, at the effective time of the merger (the “Effective Time”), each outstanding share of U & I common stock will be converted into shares of the Company’s common stock based on a value of $9.50 for the U & I common stock, which value will be subject to adjustment if U & I’s financial advisory and legal fees exceed certain amounts as provided in the U & I Merger Agreement (the “Merger Consideration”). The number of shares of Company common stock to be issued for the Merger Consideration will be based on the 10-trading day, volume weighted average price of the Company’s common stock as of the closing as determined in accordance with the Merger Agreement (as so determined, the “Closing Stock Price”); provided that:

(i) if the Closing Stock Price is less than $17.28832, the Company may terminate the U & I Merger Agreement unless U & I elects to accept an adjustment to the Merger Consideration through the issuance of fewer shares based on the $17.28832 instead of the lower Closing Stock Price; and

(ii) if the Closing Stock Price is greater than $25.93248, U & I may terminate the U & I Merger Agreement unless the Company elects to accept an adjustment to the Merger Consideration through the issuance of additional shares based on the $25.93248 price instead of the higher Closing Stock Price.

Each outstanding U & I stock option held by an U & I employee who will be retained by the Company after the Effective Time (each, a “Covered Employee”) shall cease to represent the right to acquire shares of U & I common stock and shall instead be converted automatically into an option to acquire shares of the Company’s common stock, and such assumed options will be assumed by the Company on substantially the same terms and conditions as were applicable under the corresponding U & I stock options. Each U & I stock option held by a U & I employee who will not be a Covered Employee shall become fully vested and be converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the excess, if any, of the per share Merger Consideration over the exercise price per share of such stock option by (ii) the total number of shares of U & I common stock subject to such stock option.

The U & I Merger Agreement contains representations and warranties customary for transactions of this type from the Company and U & I, and each party has agreed to customary covenants, including, among others, covenants relating to the conduct of its business during the interim period between the execution of the U & I Merger Agreement and the Effective Time and, in the case of U & I, its obligation, subject to certain exceptions, to recommend that its stockholders adopt the U & I Merger Agreement and its non-solicitation obligations relating to alternative acquisition proposals.

The consummation of the merger with U & I is subject to customary conditions, including receipt of regulatory approvals, receipt of the requisite approval of the stockholders of U & I, the absence of any law or order prohibiting the closing, and effectiveness of the registration statement to be filed by the Company with respect to the Company’s common stock to be issued in the merger with U & I, and the absence of the occurrence of a material adverse effect upon the Company or U & I. In addition, each party’s obligation to consummate the merger is subject to certain other conditions, including the accuracy of the representations and warranties of the other party and compliance of the other party with its covenants, in each case subject to certain materiality standards. The Company expects to close the acquisition by the end of 2017, subject to satisfaction of the conditions set forth in the U & I Merger Agreement.

The U & I Merger Agreement provides certain termination rights for both the Company and U & I and further provides that a termination fee of $2 million will be payable by U & I to the Company upon termination of the U & I Merger Agreement under certain circumstances.

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Merger with Wilshire Bancorp, Inc.

On July 29, 2016, the Company completed the merger with Wilshire Bancorp, Inc. (“Wilshire”), the holding company of Wilshire Bank. The Company merged with Wilshire in order to expand its network of branch locations and to provide enhanced products and services to our customers. Wilshire’s primary subsidiary, Wilshire Bank, previously operated thirty-five branches located in California, New York, New Jersey, Texas, Georgia, and Alabama. Approximately $4.63 billion in assets were acquired through the transaction including $3.80 billion in loans receivable and $3.81 billion in deposits. Subsequent to the merger, the Bank now operates 63 branches in nine different states throughout the United States, has loan production offices throughout the Unites States, and a representative office in Seoul, Korea.

Under the terms of the Merger Agreement, Wilshire shareholders received 0.7034 shares of Hope Bancorp common stock for each share of Wilshire common stock owned. As a result, 55.5 million shares of Hope Bancorp common stock were issued to Wilshire shareholders in addition to $3 thousand that was paid for fractional shares. In addition, the Company issued Hope stock options and restricted stock in exchange for Wilshire stock options and restricted stock outstanding at July 29, 2016 under substantially the same terms that were applicable immediately prior to the merger, subject to adjustment for the exchange ratio. Total consideration for the merger was $856.3 million.

The consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:

	(Dollars in thousands)
Consideration Paid:
Hope common stock issued in exchange for Wilshire common stock	$	852,939
Cash paid for fractional shares	3
Hope stock options issued in exchange Wilshire stock options	3,370
Total consideration paid	$	856,312
Assets Acquired:
Cash and cash equivalents	$	100,127
Investment securities available for sale	478,938
Loans receivable	3,800,807
FRB and FHLB stock	16,539
OREO	13,173
Premises and equipment	16,812
Bank owned life insurance	25,240
Servicing assets	16,203
Low income housing tax credit investments	47,111
Core deposit intangibles	18,138
Deferred tax assets, net	17,698
Other assets	76,818
Liabilities Assumed:
Deposits	(3,812,367		)
Borrowings	(206,282		)
Subordinated debentures	(56,942		)
Other liabilities	(54,751		)
Total identifiable net assets	$	497,262
Excess of consideration paid over fair value of net assets acquired (goodwill)	$	359,050

Fair values are primarily determined through the use of inputs that are not observable from market-based information. Under ASC 805-10-25-13, management may adjust the fair values of acquired assets or assumed liabilities for a period of up to one year from the date of the acquisition to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have an effect on the measurement of the amounts recognized as of that date. During the fourth quarter of 2016, the Company made a net adjustment of $1.4 million to deferred tax assets and taxes receivable acquired from Wilshire which reduced the previous goodwill recorded from the transaction by $1.4 million. Subsequently in the first quarter of 2017, the Company made an adjustment which increased goodwill by $978 thousand consisting of a $1.7 million adjustment to OREO partially offset by a $716 thousand adjustment to deferred tax assets. During the second quarter of 2017, the Company made an adjustment of $475 thousand to deferred tax assets which increase goodwill by the same amount.

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Acquired Loans

The fair value of loans were estimated on an individual basis based on the characteristics for each loan. A discounted cash flow analysis was used to project cash flows for each loan using assumptions for rate, remaining maturity, prepayment speeds, projected default probabilities, loss given defaults, and estimates of prevailing discount rates. At the time of the merger with Wilshire on July 29, 2016, the fair value of loans acquired from Wilshire with deteriorated credit quality totaled $243.1 million.

The outstanding principal balances and the related carrying amounts of the acquired loans included in the Statement of Financial Condition at June 30, 2017 and were $5.02 billion and $3.27 billion, respectively, for loans acquired from Wilshire. The outstanding principal balances and the related carrying amounts of the acquired loans included in the Statement of Financial Condition at December 31, 2016 were $5.67 billion and $3.59 billion, respectively, for loans acquired from Wilshire.

Merger-Related Expenses

The following table presents merger-related expenses associated with the merger with Wilshire, the pending merger with U & I, and other previous transactions which were reflected in the Consolidated Statements of Income in merger and integration expenses. These expenses are comprised primarily of salaries and employee benefits, professional fees, and other noninterest expenses related to mergers.

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(Dollars in thousands)
Wilshire	$	538	$	1,509	$	939	$	2,692
U & I	—		—		522		—
Other	24		24		48		48
Total merger and integration expenses	$	562	$	1,533	$	1,509	$	2,740

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4.     Stock-Based Compensation

The Company has a stock-based incentive plan (the “2016 Plan”) to award equity as form of compensation. The 2016 Plan, was approved by the Company’s stockholders on September 1, 2016. The 2016 Plan provides for grants of stock options, stock appreciation rights (“SARs”), restricted stock, performance shares, and performance units (sometimes referred to individually or collectively as “awards”) to non-employee directors, employees, and consultants of the Company. Stock options may be either incentive stock options (“ISOs”), as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), or nonqualified stock options (“NQSOs”).

The 2016 Plan gives the Company flexibility to (i) attract and retain qualified non-employee directors, executives, other key employees, and consultants with appropriate equity-based awards to; (ii) motivate high levels of performance; (iii) recognize employee contributions to the Company’s success; and (iv) align the interests of the 2016 Plan participants with those of the Company’s stockholders. The plan initially had 2,400,000 shares available for grant to participants. The exercise price for shares under an ISO may not be less than 100% of fair market value on the date the award is granted under Code Section 422. Similarly, under the terms of the 2016 Plan, the exercise price for SARs and NQSOs may not be less than 100% of fair market value on the date of grant. Performance units are awarded to a participant at the market price of the Company’s common stock on the date of award (after the lapse of the restriction period and the attainment of the performance criteria). No minimum exercise price is prescribed for performance shares and restricted stock awarded under the 2016 Plan. All options not exercised generally expire 10 years after the date of grant.

ISOs, SARs and NQSOs have vesting periods of three to five years and have 10-year contractual terms. Restricted stock, performance shares, and performance units are granted with a restriction period of not less than one year from the grant date for performance-based awards and not more than three years from the grant date for time-based vesting of grants. Compensation expense for awards is recognized over the vesting period.

The Company had another stock-based incentive plan, the 2007 Equity Incentive Plan (“2007 Plan”), which was approved by stockholders in May 2007. Under the terms of this plan, awards cannot be granted under the plan more than ten years after the plan adoption date. Therefore, subsequent to May 2017, equity awards can no longer be issued from this plan.

Under the 2016 Plan, 1,328,988 shares were available for future grants as of June 30, 2017.

The total shares reserved for issuance will serve as the underlying value for all equity awards under the 2016 Plan. With the exception of the shares underlying stock options and restricted stock awards, the board of directors may choose to settle the awards by paying the equivalent cash value or by delivering the appropriate number of shares.

The following is a summary of stock option activity under the 2007 Plan and 2016 Plan for the six months ended June 30,2017:

	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (Dollars in thousands)
Outstanding - January 1, 2017	1,624,227		$	15.30
Granted	—		—
Exercised	(70,183	)	8.89
Expired	(230,900	)	21.77
Forfeited	—		—
Outstanding - June 30, 2017	1,323,144		$	14.51	7.46	$	5,590
Options exercisable - June 30, 2017	638,874		$	11.84	5.87	$	4,467

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The following is a summary of restricted stock and performance unit activity under the 2007 Plan and 2016 Plan for the six months ended June 30,2017:

	Number of Shares		Weighted- Average Grant Date Fair Value
Outstanding - January 1, 2017	403,658		$	16.17
Granted	66,012		18.79
Vested	(67,359	)	15.10
Forfeited	(7,259	)	14.67
Outstanding - June 30, 2017	395,052		$	16.82

The total fair value of restricted stock and performance units vested for the six months ended June 30, 2017 and 2016 was $1.3 million and $675 thousand, respectively.

The amount charged against income related to stock-based payment arrangements was $760 thousand and $76 thousand for the three months ended June 30, 2017 and 2016, respectively. For the six months ended June 30, 2017 and 2016, $1.5 million and $98 thousand, respectively, of stock-based payment arrangements were charged against income.

The income tax benefit recognized was approximately $292 thousand and $32 thousand for the three months ended June 30, 2017 and 2016, respectively. The income tax benefit recognized for the six months ended June 30, 2017 and 2016, was approximately$582 thousand and $40 thousand, respectively.

At June 30, 2017, the unrecognized compensation expense related to non-vested stock option grants was $1.6 million which is expected to be recognized over a weighted average vesting period of 3.04 years. Unrecognized compensation expense related to non-vested restricted stock and performance units was $4.7 million which is expected to be recognized over a weighted average vesting period of 2.66 years.

During the first quarter of 2017 the Company adopted ASU 2016-09, “Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting”. With the adoption of ASU 2016-09 all of the Company’s excess tax benefits on share-based payment awards were recorded in income tax provision on the Consolidated Statements of Income for the three and six months ended June 30, 2017.

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5.    Earnings Per Share (“EPS”)

Basic EPS does not reflect the possibility of dilution that could result from the issuance of additional shares of common stock upon exercise or conversion of outstanding equity awards, and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted to common stock that would then share in our earnings. For the three months ended June 30, 2017, stock options and restricted shares awards for 530,334 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive. For the six months ended June 30, 2017, stock options and restricted shares awards for 542,328 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive. Stock options and restricted shares awards for 451,670 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive for the three months ended June 30, 2016. Stock options and restricted shares awards for 445,113 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive for the six months ended June 30, 2016. Additionally, warrants issued pursuant to the Company’s participation in the U.S. Treasury’s TARP Capital Purchase Plan, to purchase 20,087 shares and 19,552 shares of common stock were anti-dilutive and excluded for the three and six months ended June 30, 2017 and 2016, respectively.

The following tables show the computation of basic and diluted EPS for the three and six months ended June 30, 2017 and 2016.

	Three Months Ended June 30,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(Dollars in thousands, except share and per share data)
Basic EPS - common stock	$	40,687	135,257,044	$	0.30	$	23,390	79,604,673	$	0.29
Effect of dilutive securities:
Stock options and restricted stock			356,137					30,089
Diluted EPS - common stock	$	40,687	135,613,181	$	0.30	$	23,390	79,634,762	$	0.29

	Six Months Ended June 30,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(In thousands, except share and per share data)
Basic EPS - common stock	$	76,897	135,252,556	$	0.57	$	47,013	79,595,599	$	0.59
Effect of dilutive securities:
Stock options and restricted stock			432,508					30,074
Diluted EPS - common stock	$	76,897	135,685,064	$	0.57	$	47,013	79,625,673	$	0.59

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6.    Securities Available for Sale

The following is a summary of securities available for sale as of the dates indicated:

	At June 30, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	10,001	$	—	$	(6	)	$	9,995
Collateralized mortgage obligations (residential)	791,774		351		(8,531		)	783,594
Mortgage-backed securities (residential)	780,937		1,580		(10,974		)	771,543
Corporate securities	4,567		39		—			4,606
Municipal securities	97,298		1,078		(864		)	97,512
Total debt securities	1,684,577		3,048		(20,375		)	1,667,250
Mutual funds	13,425		25		(318		)	13,132
Total investment securities available for sale	$	1,698,002	$	3,073	$	(20,693	)	$	1,680,382
	At December 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	12,005	$	3	$	—		$	12,008
Collateralized mortgage obligations (residential)	715,981		349		(10,663		)	705,667
Mortgage-backed securities (residential)	741,304		1,132		(14,395		)	728,041
Corporate securities	11,576		—		(449		)	11,127
Municipal securities	88,018		358		(1,537		)	86,839
Total debt securities	1,568,884		1,842		(27,044		)	1,543,682
Mutual funds	13,425		—		(367		)	13,058
Total investment securities available for sale	$	1,582,309	$	1,842	$	(27,411	)	$	1,556,740

As of June 30, 2017 and December 31, 2016, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

At June 30, 2017 and December 31, 2016, $10.1 million and $14.6 million, respectively, in unrealized losses on securities net of taxes were included in accumulated other comprehensive loss. Also included in accumulated other comprehensive loss at June 30, 2017 and December 31, 2016, were unrealized losses on interest only strip net of taxes of $38 thousand and $14 thousand, respectively. There were no reclassifications out of accumulated other comprehensive (loss) during the three and six months ended June 30, 2017 and 2016.

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The amortized cost and estimated fair value of investment securities at June 30, 2017, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	Amortized Cost		Estimated Fair Value
	(Dollars in thousands)
Available for sale:
Due within one year	$	10,724	$	10,722
Due after one year through five years	7,603		7,774
Due after five years through ten years	41,483		42,101
Due after ten years	52,056		51,516
U.S. Government agency and U.S. Government sponsored enterprises
Collateralized mortgage obligations (residential)	791,774		783,594
Mortgage-backed securities (residential)	780,937		771,543
Mutual funds	13,425		13,132
Total	$	1,698,002	$	1,680,382

Securities with carrying values of approximately $362.1 million and $382.1 million at June 30, 2017 and December 31, 2016, respectively, were pledged to secure public deposits, various borrowings and for other purposes as required or permitted by law.

The following tables show our investments’ gross unrealized losses and estimated fair value, aggregated by investment category and the length of time that the individual securities have been in a continuous unrealized loss position as of the dates indicated.

	As of June 30, 2017
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Debt securities*	3	$	9,995	$	(6	)	—	$	—	$	—		3	$	9,995	$	(6	)
Collateralized mortgage obligations (residential)*	64	609,323		(6,834		)	9	73,507		(1,697		)	73	682,830		(8,531		)
Mortgage-backed securities (residential)*	58	608,637		(10,974		)	—	—		—			58	608,637		(10,974		)
Municipal securities	21	32,835		(849		)	1	519		(15		)	22	33,354		(864		)
Mutual funds	2	6,643		(73		)	1	5,002		(245		)	3	11,645		(318		)
Total	148	$	1,267,433	$	(18,736	)	11	$	79,028	$	(1,957	)	159	$	1,346,461	$	(20,693	)

__________________________________    

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

	As of December 31, 2016
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Collateralized mortgage obligations (residential)*	66	$	615,803	$	(9,459	)	4	$	36,333	$	(1,204	)	70	$	652,136	$	(10,663	)
Mortgage-backed securities (residential)*	57	622,797		(14,395		)	—	—		—			57	622,797		(14,395		)
Corporate securities	1	7,014		(2		)	1	4,113		(447		)	2	11,127		(449		)
Municipal securities	95	69,331		(1,537		)	—	—		—			95	69,331		(1,537		)
Mutual funds	3	13,058		(367		)	—	—		—			3	13,058		(367		)
Total	222	$	1,328,003	$	(25,760	)	5	$	40,446	$	(1,651	)	227	$	1,368,449	$	(27,411	)

__________________________________

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

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The Company evaluates securities for other-than-temporary-impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the financial condition and near-term prospects of the issuer, the length of time and the extent to which the fair values of the securities have been less than the cost of the securities, and management’s intention to sell, or whether it is more likely than not that management will be required to sell a security in an unrealized loss position before recovery of its amortized cost basis. In analyzing an issuer’s financial condition, the Company considers, among other considerations, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition.

The Company has certain collateralized mortgage obligations, municipal securities, and mutual funds that were in a continuous unrealized loss position for twelve months or longer as of June 30, 2017. The collateralized mortgage obligations in a continuous loss position for twelve months or longer had an unrealized loss of $1.7 million at June 30, 2017. These securities were issued by U.S. Government agency and U.S. Government sponsored enterprises and have high credit ratings of “AA” grade or better. Interest on U.S. Government agency and U.S. Government sponsored enterprise investments have been paid as agreed, and management believes this will continue in the future and that the securities will be repaid in full as scheduled. Municipal securities that were in a continuous loss position for twelve months or longer had an unrealized loss of $15 thousand at June 30, 2017. Mutual funds that were in a continuous loss position for twelve months or longer had an unrealized loss of $245 thousand at June 30, 2017. The market value declines for these securities were primarily due to movements in interest rates and are not reflective of management’s expectations of the Company’s ability to fully recover these investments, which may be at maturity. For these reasons, no OTTI was recognized on U.S. Government sponsored collateralized mortgage obligations, municipal securities, and mutual funds that were in an unrealized loss position at June 30, 2017.

The Company considers the losses on the investments in unrealized loss positions at June 30, 2017 to be temporary based on: 1) the likelihood of recovery; 2) the information relative to the extent and duration of the decline in market value; and 3) the Company’s intention not to sell, and management’s determination that it is more likely than not that the Company will not be required to sell a security in an unrealized loss position before recovery of its amortized cost basis.

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7.    Loans Receivable and Allowance for Loan Losses

The following is a summary of loans receivable by major category:

	June 30, 2017			December 31, 2016
	(Dollars in thousands)
Loan portfolio composition
Real estate loans:
Residential	$	60,544		$	57,884
Commercial	8,065,057			7,842,573
Construction	306,794			254,113
Total real estate loans	8,432,395			8,154,570
Commercial business	1,744,103			1,832,021
Trade finance	181,400			154,928
Consumer and other	460,446			403,470
Total loans outstanding	10,818,344			10,544,989
Deferred loan fees, net	(1,925		)	(1,657		)
Loans receivable	10,816,419			10,543,332
Allowance for loan losses	(80,074		)	(79,343		)
Loans receivable, net of allowance for loan losses	$	10,736,345		$	10,463,989

The loan portfolio is made up of four segments: real estate loans, commercial business, trade finance and consumer and other. These segments are further segregated between loans accounted for under the amortized cost method (“Legacy Loans”) and previously acquired loans that were originally recorded at fair value with no carryover of the related pre-acquisition allowance for loan losses (“Acquired Loans”). Acquired Loans are further segregated between purchased credit impaired loans (loans with credit deterioration on the acquisition date and accounted for under ASC 310-30, or “PCIs”) and Acquired Performing Loans (loans that were pass graded on the acquisition date and the fair value adjustment is amortized over the contractual life under ASC 310-20, or “non-PCI loans”).

The following table presents changes in the accretable discount on the PCI loans for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	51,651		$	22,097		$	38,591		$	23,777
Accretion	(5,212		)	(2,474		)	(10,560		)	(5,503		)
Reclassification from nonaccretable difference	7,218			527			25,626			1,876
Balance at end of period	$	53,657		$	20,150		$	53,657		$	20,150

On the acquisition date, the amount by which the undiscounted expected cash flows exceed the estimated fair value of the PCI loans is the “accretable yield.” The accretable yield is then measured at each financial reporting date and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. The accretable yield will change from period to period due to the following: 1) estimates of the remaining life of acquired loans will affect the amount of future interest income; 2) indices for variable rates of interest on PCI loans may change; and 3) estimates of the amount of the contractual principal and interest that will not be collected (nonaccretable difference) may change.

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The following tables detail the activity in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2017 and 2016:

	Legacy Loans												Acquired Loans												Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance			Consumer and Other
	(Dollars in thousands)
Three Months Ended June 30, 2017
Balance, beginning of period	$	43,929		$	17,479		$	624		$	2,022		$	13,455		$	944		$	187		$	19		$	78,659
Provision (credit) for loan losses	(2,596		)	3,741			900			500			(69		)	374			(81		)	(9		)	2,760
Loans charged off	(892		)	(425		)	(528		)	(241		)	19			(55		)	—			—			(2,122		)
Recoveries	37			700			4			1			6			28			—			1			777
Balance, end of period	$	40,478		$	21,495		$	1,000		$	2,282		$	13,411		$	1,291		$	106		$	11		$	80,074
Six Months Ended June 30, 2017
Balance, beginning of period	$	38,956		$	23,430		$	1,897		$	2,116		$	12,791		$	117		$	—		$	36		$	79,343
Provision (credit) for loan losses	3,510			857			1,203			684			906			1,122			106			(28		)	8,360
Loans charged off	(2,046		)	(3,615		)	(2,104		)	(520		)	(317		)	(125		)	—			—			(8,727		)
Recoveries of charge offs	58			823			4			2			31			177			—			3			1,098
Balance, end of period	$	40,478		$	21,495		$	1,000		$	2,282		$	13,411		$	1,291		$	106		$	11		$	80,074

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended June 30, 2016
Balance, beginning of period	$	42,115		$	19,048		$	2,085		$	768		$	12,626		$	154		$	—	$	60		$	76,856
Provision (credit) for loan losses	1,375			(798		)	364			123			187			(42		)	—		(9		)	1,200
Loans charged off	—			(2,005		)	—			(50		)	(207		)	(33		)	—		—			(2,295		)
Recoveries	176			331			—			85			1			69			—		2			664
Balance, end of period	$	43,666		$	16,576		$	2,449		$	926		$	12,607		$	148		$	—	$	53		$	76,425
Six Months Ended June 30, 2016
Balance, beginning of period	$	42,829		$	16,332		$	3,592		$	556		$	12,823		$	214		$	—	$	62		$	76,408
Provision (credit) for loan losses	157			2,349			(1,143		)	399			105			(154		)	—		(13		)	1,700
Loans charged off	(19		)	(2,626		)	—			(115		)	(323		)	(33		)	—		—			(3,116		)
Recoveries of charge offs	699			521			—			86			2			121			—		4			1,433
Balance, end of period	$	43,666		$	16,576		$	2,449		$	926		$	12,607		$	148		$	—	$	53		$	76,425

22

The following tables break out the allowance for loan losses and the recorded investment of loans outstanding (not including accrued interest receivables and net deferred loan fees) by individually impaired, general valuation, and PCI impairment, by portfolio segment, at June 30, 2017 and December 31, 2016:

	June 30, 2017
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,907	$	6,303	$	3	$	30	$	256	$	451	$	—	$	—	$	8,950
Collectively evaluated for impairment	38,571		15,192		997		2,252		1,089		840		106		11		59,058
PCI loans	—		—		—		—		12,066		—		—		—		12,066
Total	$	40,478	$	21,495	$	1,000	$	2,282	$	13,411	$	1,291	$	106	$	11	$	80,074
Loans outstanding:
Individually evaluated for impairment	$	46,357	$	35,487	$	4,182	$	697	$	12,045	$	1,285	$	—	$	610	$	100,663
Collectively evaluated for impairment	5,829,796		1,235,783		105,921		264,028		2,365,273		419,050		68,108		183,065		10,471,024
PCI loans	—		—		—		—		178,924		52,498		3,189		12,046		246,657
Total	$	5,876,153	$	1,271,270	$	110,103	$	264,725	$	2,556,242	$	472,833	$	71,297	$	195,721	$	10,818,344

	December 31, 2016
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,889	$	4,420	$	864	$	50	$	113	$	73	$	—	$	—	$	7,409
Collectively evaluated for impairment	37,067		19,010		1,033		2,066		548		44		—		36		59,804
PCI loans	—		—		—		—		12,130		—		—		—		12,130
Total	$	38,956	$	23,430	$	1,897	$	2,116	$	12,791	$	117	$	—	$	36	$	79,343
Loans outstanding:
Individually evaluated for impairment	$	74,085	$	34,783	$	6,029	$	733	$	23,865	$	435	$	—	$	431	$	140,361
Collectively evaluated for impairment	5,271,262		1,079,348		75,365		179,961		2,597,200		650,710		70,535		206,802		10,131,183
PCI loans	—		—		—		—		188,158		66,745		2,999		15,543		273,445
Total	$	5,345,347	$	1,114,131	$	81,394	$	180,694	$	2,809,223	$	717,890	$	73,534	$	222,776	$	10,544,989

As of June 30, 2017 and December 31, 2016, the reserve for unfunded loan commitments recorded in other liabilities was $3.6 million and $3.2 million, respectively. For the three months ended June 30, 2017 and 2016, the recognized provision for unfunded commitments recorded in credit related expense was $201 thousand and $109 thousand, respectively. For the six months ended June 30, 2017 and 2016, the recognized provision (credit) for unfunded commitments was $442 thousand and $(461) thousand, respectively.

23

The recorded investment of individually impaired loans was as follows:

	June 30, 2017			December 31, 2016
	(Dollars in thousands)
With allocated specific allowance
Without charge off	$	37,636		$	59,638
With charge off	2,093			1,120
With no allocated specific allowance
Without charge off	54,707			76,775
With charge off	6,227			2,828
Specific allowance on impaired loans	(8,950		)	(7,409		)
Impaired loans, net of specific allowance	$	91,713		$	132,952

The following tables detail the recorded investment of impaired loans (Legacy Loans and Acquired Loans that became impaired subsequent to being originated and acquired, respectfully) as of June 30, 2017 and December 31, 2016 and average recorded investment and interest income recognized for the three and six months ended June 30, 2017 and 2016. Loans with no related allowance are believed by management to be adequately collateralized.

	As of June 30, 2017						As of December 31, 2016
Total Impaired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,464		1,583		134		2,095		2,384		90
Hotel & motel	1,843		2,606		109		6,387		6,387		337
Gas station & car wash	—		—		—		215		228		41
Mixed use	287		2,695		3		206		732		27
Industrial & warehouse	503		1,198		101		530		530		—
Other	4,755		5,000		1,816		22,580		22,825		1,507
Real estate—construction	—		—		—		—		—		—
Commercial business	26,770		27,146		6,754		26,543		27,161		4,493
Trade finance	4,035		4,035		3		2,111		2,156		864
Consumer and other	72		72		30		91		91		50
Subtotal	$	39,729	$	44,335	$	8,950	$	60,758	$	62,494	$	7,409
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	3,562	$	3,562	$	—
Real estate—commercial
Retail	9,675		11,057		—		12,753		13,290		—
Hotel & motel	12,817		18,499		—		6,122		11,735		—
Gas station & car wash	3,106		6,321		—		5,043		7,449		—
Mixed use	1,229		1,773		—		7,303		7,822		—
Industrial & warehouse	8,725		8,800		—		9,673		9,748		—
Other	12,698		13,870		—		20,181		21,492		—
Real estate—construction	1,300		1,441		—		1,300		1,441		—
Commercial business	10,002		13,452		—		8,675		9,472		—
Trade finance	147		147		—		3,918		3,918		—
Consumer and other	1,235		1,259		—		1,073		1,136		—
Subtotal	$	60,934	$	76,619	$	—	$	79,603	$	91,065	$	—
Total	$	100,663	$	120,954	$	8,950	$	140,361	$	153,559	$	7,409

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

24

	For the Three Months Ended June 30, 2017				For the Three Months Ended June 30, 2016				For the Six Months Ended June 30, 2017				For the Six Months Ended June 30, 2016
Total Impaired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,022		4		1,486		—		1,380		7		1,614		—
Hotel & motel	4,119		16		2,925		16		4,875		32		3,515		32
Gas station & car wash	—		—		794		9		72		—		1,052		19
Mixed use	268		2		386		2		247		3		445		3
Industrial & warehouse	1,692		—		552		6		1,305		—		555		12
Other	13,584		60		24,257		274		16,583		117		24,372		550
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	23,154		233		35,826		271		24,284		456		34,393		481
Trade finance	2,018		106		6,286		16		2,049		157		8,373		57
Consumer and other	77		1		408		10		82		2		317		17
Subtotal	$	45,934	$	422	$	72,920	$	604	$	50,877	$	774	$	74,636	$	1,171
With no related allowance:
Real estate—residential	$	732	$	—	$	—	$	—	$	1,675	$	—	$	—	$	—
Real estate—commercial
Retail	13,214		82		10,029		79		13,060		161		10,454		160
Hotel & motel	9,545		—		8,922		49		8,404		—		8,479		98
Gas station & car wash	3,633		—		5,268		25		4,103		—		4,763		50
Mixed use	3,879		—		2,331		12		5,020		—		2,348		24
Industrial & warehouse	8,612		58		10,957		89		8,965		116		10,294		179
Other	14,173		81		10,676		43		16,176		162		11,534		85
Real estate—construction	2,078		—		1,321		—		1,819		—		1,337		—
Commercial business	9,953		41		13,022		140		9,527		83		12,034		281
Trade finance	2,298		2		2,225		56		2,838		3		1,484		109
Consumer and other	1,070		6		820		—		1,071		13		991		1
Subtotal	$	69,187	$	270	$	65,571	$	493	$	72,658	$	538	$	63,718	$	987
Total	$	115,121	$	692	$	138,491	$	1,097	$	123,535	$	1,312	$	138,354	$	2,158

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

25

	As of June 30, 2017						As of December 31, 2016
Impaired Acquired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,194		1,313		128		1,826		2,114		85
Hotel & motel	260		1,005		2		—		—		—
Gas station & car wash	—		—		—		—		—		—
Mixed use	248		2,099		2		136		136		2
Industrial & warehouse	503		1,198		101		—		—		—
Other	328		332		23		337		341		26
Real estate—construction	—		—		—		—		—		—
Commercial business	714		764		451		294		339		73
Trade finance	—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—
Subtotal	$	3,247	$	6,711	$	707	$	2,593	$	2,930	$	186
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	679	$	679	$	—
Real estate—commercial
Retail	1,456		1,508		—		3,148		3,214		—
Hotel & motel	4,807		7,285		—		4,767		7,171		—
Gas station & car wash	460		903		—		1,568		1,815		—
Mixed use	46		274		—		5,315		5,551		—
Industrial & warehouse	64		64		—		66		66		—
Other	2,679		3,234		—		6,023		6,752		—
Real estate—construction	—		—		—		—		—		—
Commercial business	571		641		—		141		386		—
Trade finance	—		—		—		—		—		—
Consumer and other	610		624		—		431		484		—
Subtotal	$	10,693	$	14,533	$	—	$	22,138	$	26,118	$	—
Total	$	13,940	$	21,244	$	707	$	24,731	$	29,048	$	186

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

26

	For the Three Months Ended June 30, 2017				For the Three Months Ended June 30, 2016				For the Six Months Ended June 30, 2017				For the Six Months Ended June 30, 2016
Impaired Acquired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	753		4		1,103		—		1,110		7		1,125		—
Hotel & motel	176		—		—		—		117		—		—		—
Gas station & car wash	—		—		—		—		—		—		339		—
Mixed use	249		2		316		2		212		3		375		3
Industrial & warehouse	251		—		—		—		168		—		—		—
Other	330		4		324		4		333		8		318		9
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	744		—		506		3		594		—		526		6
Trade finance	—		—		—		—		—		—		—		—
Consumer and other	—		—		80		2		—		—		53		4
Subtotal	$	2,503	$	10	$	2,329	$	11	$	2,534	$	18	$	2,736	$	22
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	226	$	—	$	—	$	—
Real estate—commercial
Retail	2,903		15		2,491		26		2,985		30		2,542		52
Hotel & motel	4,823		—		5,903		3		4,805		—		6,273		7
Gas station & car wash	539		—		1,593		25		882		—		1,458		50
Mixed use	2,664		—		271		3		3,548		—		272		5
Industrial & warehouse	65		1		1,090		2		65		2		1,103		5
Other	2,931		8		3,761		13		3,961		16		3,799		26
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	408		7		675		8		319		14		673		17
Trade finance	—		—		—		—		—		—		—		—
Consumer and other	441		2		371		—		437		4		467		1
Subtotal	$	14,774	$	33	$	16,155	$	80	$	17,228	$	66	$	16,587	$	163
Total	$	17,277	$	43	$	18,484	$	91	$	19,762	$	84	$	19,323	$	185

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

27

Generally, loans are placed on nonaccrual status if the principal and/or interest payments become 90 days past due and/or management deems the collectability of the principal and/or interest to be in question, as well as when required by regulatory requirements. Loans to customers whose financial condition has deteriorated are considered for nonaccrual status whether or not the loan is 90 days or more past due. Generally, payments received on nonaccrual loans are recorded as principal reductions. Loans are returned to accrual status only when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Company did not recognize any cash basis interest income for the three and six ended June 30, 2017 or 2016.

The following tables present the recorded investment of past due loans by the number of days past due as of June 30, 2017 and December 31, 2016 by class of loans:

	As of June 30, 2017
									Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	555		457		—		1,012		3,392		4,404
Hotel & motel	343		1,902		1,433		3,678		8,305		11,983
Gas station & car wash	—		—		—		—		2,646		2,646
Mixed use	539		—		—		539		1,221		1,760
Industrial & warehouse	—		—		—		—		3,472		3,472
Other	3,331		—		—		3,331		4,092		7,423
Real estate—construction	—		7,000		—		7,000		1,300		8,300
Commercial business	919		2,245		—		3,164		12,114		15,278
Trade finance	92		—		—		92		—		92
Consumer and other	131		137		246		514		300		814
Subtotal	$	5,910	$	11,741	$	1,679	$	19,330	$	36,842	$	56,172
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	—		137		—		137		1,022		1,159
Hotel & motel	—		—		—		—		5,067		5,067
Gas station & car wash	—		—		—		—		460		460
Mixed use	30		—		—		30		161		191
Industrial & warehouse	33		—		—		33		503		536
Other	5,491		—		77		5,568		1,861		7,429
Real estate—construction	95		—		—		95		—		95
Commercial business	660		859		—		1,519		761		2,280
Trade finance	—		—		—		—		—		—
Consumer and other	64		—		94		158		684		842
Subtotal	$	6,373	$	996	$	171	$	7,540	$	10,519	$	18,059
TOTAL	$	12,283	$	12,737	$	1,850	$	26,870	$	47,361	$	74,231

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.5 million. Includes nonaccrual loans less than 30 days past due totaling $14.7 million.

28

	As of December 31, 2016
									Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	480		—		—		480		3,672		4,152
Hotel & motel	1,836		3,137		—		4,973		1,392		6,365
Gas station & car wash	362		—		—		362		3,690		4,052
Mixed use	—		—		—		—		1,305		1,305
Industrial & warehouse	—		697		—		697		1,922		2,619
Other	2,871		—		—		2,871		4,007		6,878
Real estate—construction	—		1,513		—		1,513		1,300		2,813
Commercial business	558		815		—		1,373		9,371		10,744
Trade finance	—		500		—		500		2,056		2,556
Consumer and other	146		58		305		509		229		738
Subtotal	$	6,253	$	6,720	$	305	$	13,278	$	28,944	$	42,222
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	679	$	679
Real estate—commercial
Retail	1,611		—		—		1,611		1,871		3,482
Hotel & motel	95		—		—		95		4,501		4,596
Gas station & car wash	68		340		—		408		993		1,401
Mixed use	—		—		—		—		48		48
Industrial & warehouse	257		—		—		257		—		257
Other	350		—		—		350		2,144		2,494
Real estate—construction	—		—		—		—		—		—
Commercial business	1,303		684		—		1,987		345		2,332
Trade finance	—		—		—		—		—		—
Consumer and other	331		25		—		356		549		905
Subtotal	$	4,015	$	1,049	$	—	$	5,064	$	11,130	$	16,194
TOTAL	$	10,268	$	7,769	$	305	$	18,342	$	40,074	$	58,416

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.9 million. Includes nonaccrual loans less than 30 days past due totaling $18.3 million.

Loans accounted for under ASC 310-30 are generally considered accruing and performing loans and the accretable discount is accreted to interest income over the estimated life of the loan when cash flows are reasonably estimable. Accordingly, PCI loans that are contractually past due are still considered to be accruing and performing loans. The loans may be classified as nonaccrual if the timing and amount of future cash flows is not reasonably estimable.

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including, but not limited to, current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes all non-homogeneous loans. This analysis is performed at least on a quarterly basis. The definitions for risk ratings are as follows:

• Pass: Loans that meet a preponderance or more of the Company’s underwriting criteria and evidence an acceptable level of risk.

• Special Mention: Loans that have potential weaknesses that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

29

• Substandard: Loans that are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. Loans in this classification have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

• Doubtful: Loans that have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

The following tables present the recorded investment of risk ratings for Legacy and Acquired Loans as of June 30, 2017 and December 31, 2016 by class of loans:

	As of June 30, 2017
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	39,957	$	1,497	$	1,456	$	—	$	42,910
Real estate—commercial
Retail	1,468,439		23,024		20,725		—		1,512,188
Hotel & motel	1,185,023		10,770		12,243		—		1,208,036
Gas station & car wash	675,710		11,422		6,244		—		693,376
Mixed use	400,257		438		1,380		—		402,075
Industrial & warehouse	570,413		21,390		9,924		—		601,727
Other	1,103,423		38,537		45,035		—		1,186,995
Real estate—construction	212,195		13,774		2,877		—		228,846
Commercial business	1,165,079		27,779		76,204		2,208		1,271,270
Trade finance	106,218		3,738		147		—		110,103
Consumer and other	263,859		4		862		—		264,725
Subtotal	$	7,190,573	$	152,373	$	177,097	$	2,208	$	7,522,251
Acquired Loans:
Real estate—residential	$	17,368	$	266	$	—	$	—	$	17,634
Real estate—commercial
Retail	695,235		10,389		20,013		—		725,637
Hotel & motel	302,653		12,599		17,979		—		333,231
Gas station & car wash	237,757		8,135		9,444		—		255,336
Mixed use	108,020		5,942		11,002		8		124,972
Industrial & warehouse	293,708		13,475		16,158		273		323,614
Other	639,150		38,599		20,121		—		697,870
Real estate—construction	77,948		—		—		—		77,948
Commercial business	432,487		8,592		31,302		452		472,833
Trade finance	68,108		—		3,189		—		71,297
Consumer and other	188,840		687		5,267		927		195,721
Subtotal	$	3,061,274	$	98,684	$	134,475	$	1,660	$	3,296,093
Total	$	10,251,847	$	251,057	$	311,572	$	3,868	$	10,818,344

30

	As of December 31, 2016
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	34,283	$	223	$	2,883	$	—	$	37,389
Real estate—commercial
Retail	1,303,452		18,929		15,430		—		1,337,811
Hotel & motel	1,187,709		12,763		9,026		—		1,209,498
Gas station & car wash	643,282		7,259		3,690		—		654,231
Mixed use	375,312		—		1,467		—		376,779
Industrial & warehouse	478,528		29,830		13,745		—		522,103
Other	969,024		22,220		41,017		—		1,032,261
Real estate—construction	159,230		14,745		1,300		—		175,275
Commercial business	1,032,232		15,919		65,885		95		1,114,131
Trade finance	68,051		5,673		7,670		—		81,394
Consumer and other	179,864		1		829		—		180,694
Subtotal	$	6,430,967	$	127,562	$	162,942	$	95	$	6,721,566
Acquired Loans:
Real estate—residential	$	18,007	$	1,809	$	679	$	—	$	20,495
Real estate—commercial
Retail	772,465		9,860		21,110		—		803,435
Hotel & motel	328,396		5,419		18,233		—		352,048
Gas station & car wash	249,379		8,437		11,338		—		269,154
Mixed use	118,643		3,105		12,505		8		134,261
Industrial & warehouse	321,040		31,819		9,048		315		362,222
Other	736,385		23,286		29,099		—		788,770
Real estate—construction	78,838		—		—		—		78,838
Commercial business	649,186		31,340		37,265		99		717,890
Trade finance	70,535		61		2,938		—		73,534
Consumer and other	214,437		958		5,949		1,432		222,776
Subtotal	$	3,557,311	$	116,094	$	148,164	$	1,854	$	3,823,423
Total	$	9,988,278	$	243,656	$	311,106	$	1,949	$	10,544,989

The Company reclassifies loans held for investment to loans held for sale in the event that the Company plans to sell loans that were originated with the intent to hold to maturity. Loans transferred from held to investment to held for sale are carried at the lower of cost or fair value. The breakdown of loans by type that were reclassified from held to investment to held for sale for the three and six months ended June 30, 2017 and 2016 is presented in the following table:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Transfer of loans receivable to held for sale	(Dollars in thousands)
Real estate - commercial	$	2,671	$	—	$	11,370	$	—
Commercial business	2,243		—		2,995		—
Consumer	225		—		225		400
Total	$	5,139	$	—	$	14,590	$	400

The adequacy of the allowance for loan losses is determined by management based upon an evaluation and review of the credit quality of the loan portfolio, consideration of historical loan loss experience, relevant internal and external factors that affect the collection of a loan, and other pertinent factors.

31

Migration analysis is a formula methodology derived from the Bank’s actual historical net charge off experience for each loan class (type) or pool and risk grade. The migration analysis is centered on the Bank’s internal credit risk rating system. Management’s internal loan review and external contracted credit review examinations are used to determine and validate loan risk grades. This credit review system takes into consideration factors such as: borrower’s background and experience; historical and current financial condition; credit history and payment performance; economic conditions and their impact on various industries; type, fair value and volatility of the fair value of collateral; lien position; and the financial strength of any guarantors.

A general loan loss allowance is provided on loans not specifically identified as impaired (“non-impaired loans”). The Bank’s general loan loss allowance has two components: quantitative and qualitative risk factors. The quantitative risk factors are based on the migration analysis methodology described above. The loans are classified by class and risk grade, and the historical loss migration is tracked for the various classes. Loss experience is quantified for a specified period and then weighted to place more significance on the most recent losses. That loss experience is then applied to the stratified portfolio at the end of each quarter. For PCI loans, a general loan loss allowance is provided to the extent that there has been credit deterioration since the date of acquisition. 

Additionally, in order to systematically quantify the credit risk impact of other trends and changes within the loan portfolio, the Bank utilizes qualitative adjustments to the migration analysis within established parameters. The parameters for making adjustments are established under a Credit Risk Matrix that provides seven possible scenarios for each of the factors below. The matrix allows for up to three positive (Major, Moderate, and Minor), three negative (Major, Moderate, and Minor), and one neutral credit risk scenarios within each factor for each loan type or pool. However, if information exists to warrant adjustment to the migration analysis, changes are made in accordance with the established parameters supported by narrative and/or statistical analysis. The Credit Risk Matrix and the nine possible scenarios enable the Bank to qualitatively adjust the Loss Migration Ratio by as much as 50 basis points in either direction (positive or negative) for each loan type pool. This matrix considers the following nine factors, which are patterned after the guidelines provided under the FFIEC Interagency Policy Statement on the Allowance for Loan and Lease Losses:

• Changes in lending policies and procedures, including underwriting standards and collection, charge off, and recovery practices;

• Changes in national and local economic and business conditions and developments, including the condition of various market segments;

• Changes in the nature and volume of the loan portfolio;

• Changes in the experience, ability and depth of lending management and staff;

• Changes in the trends of the volume and severity of past due loans, classified loans, nonaccrual loans, troubled debt restructurings and other loan modifications;

• Changes in the quality of our loan review system and the degree of oversight by the Directors;

• Changes in the value of underlying collateral for collateral-dependent loans;

• The existence and effect of any concentrations of credit and changes in the level of such concentrations; and

• The effect of external factors, such as competition and legal and regulatory requirements, on the level of estimated losses in our loan portfolio.

The Company also establishes specific loss allowances for loans that have identified potential credit risk conditions or circumstances related to a specific individual credit. The specific allowance amounts are determined in accordance with ASC 310-10-35-22, “Measurement of Impairment.” The loans identified as impaired will be accounted for in accordance with one of the three acceptable valuation methods: 1) the present value of future cash flows discounted at the loan’s effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral, if the loan is collateral dependent. For the collateral dependent impaired loans, management obtains a new appraisal to determine the amount of impairment as of the date that the loan became impaired. The appraisals are based on an “as is” valuation. To ensure that appraised values remain current, management either obtains updated appraisals every twelve months from a qualified independent appraiser or an internal evaluation of the collateral is performed by qualified personnel. If the third party market data indicates that the value of the collateral property has declined since the most recent valuation date, management adjusts the value of the property downward to reflect current market conditions. If the fair value of the collateral is less than the recorded amount of the loan, management recognizes impairment by creating or adjusting an existing valuation allowance with a corresponding charge to the provision for loan losses. If an impaired loan is expected to be collected through liquidation or operation of the underlying collateral, the loan is deemed to be collateral dependent and the amount of impairment is charged off against the allowance for loan losses.

32

The Company considers a loan to be impaired when it is probable that not all amounts due (principal and interest) will be collectible in accordance with the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The significance of payment delays and payment shortfalls is determined on a case-by-case basis by taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

For commercial business loans, real estate loans, and certain consumer loans, management bases the measurement of loan impairment on the present value of the expected future cash flows, discounted at the loan’s effective interest rate, or on the fair value of the loan’s collateral if the loan is collateral dependent. Management evaluates most consumer loans for impairment on a collective basis because these loans generally have smaller balances and are homogeneous in the underwriting of terms and conditions and in the types of collateral.

For PCI loans, the allowance for loan losses is based upon expected cash flows for these loans. To the extent that a deterioration in borrower’s credit quality results in a decrease in expected cash flows subsequent to the acquisition of the loans, an allowance for loan losses would be established based on an estimate of future credit losses over the remaining life of the loans. Provision for loan losses on acquired loans for the three months ended June 30, 2017 was $215 thousand of which included $70 thousand in credit for loan losses related to PCI loans. Provision for loan losses on acquired loans for the six months ended June 30, 2017 was $2.1 million of which included $64 thousand in credit for loan losses related to PCI loans.

The following table presents breakdown of loans by impairment method at June 30, 2017 and December 31, 2016:

	As of June 30, 2017
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	—		$	57,102		$	1,300		$	36,772		$	4,182		$	1,307		$	100,663
Specific allowance	$	—		$	2,163		$	—		$	6,754		$	3		$	30		$	8,950
Allowance coverage ratio	N/A			3.79		%	—		%	18.37		%	0.07		%	2.30		%	8.89		%
Other loans	$	60,544		$	8,007,955		$	305,494		$	1,707,331		$	177,218		$	459,139		$	10,717,681
General allowance	$	171		$	49,739		$	1,816		$	16,032		$	1,103		$	2,263		$	71,124
Allowance coverage ratio	0.28		%	0.62		%	0.59		%	0.94		%	0.62		%	0.49		%	0.66		%
Total loans	$	60,544		$	8,065,057		$	306,794		$	1,744,103		$	181,400		$	460,446		$	10,818,344
Total allowance for loan losses	$	171		$	51,902		$	1,816		$	22,786		$	1,106		$	2,293		$	80,074
Allowance coverage ratio	0.28		%	0.64		%	0.59		%	1.31		%	0.61		%	0.50		%	0.74		%

	As of December 31, 2016
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	3,562		$	93,088		$	1,300		$	35,218		$	6,029		$	1,164		$	140,361
Specific allowance	$	—		$	2,002		$	—		$	4,493		$	864		$	50		$	7,409
Allowance coverage ratio	—		%	2.15		%	—		%	12.76		%	14.33		%	4.30		%	5.28		%
Other loans	$	54,322		$	7,749,485		$	252,813		$	1,796,803		$	148,899		$	402,306		$	10,404,628
General allowance	$	209		$	47,915		$	1,621		$	19,054		$	1,033		$	2,102		$	71,934
Allowance coverage ratio	0.38		%	0.62		%	0.64		%	1.06		%	0.69		%	0.52		%	0.69		%
Total loans	$	57,884		$	7,842,573		$	254,113		$	1,832,021		$	154,928		$	403,470		$	10,544,989
Total allowance for loan losses	$	209		$	49,917		$	1,621		$	23,547		$	1,897		$	2,152		$	79,343
Allowance coverage ratio	0.36		%	0.64		%	0.64		%	1.29		%	1.22		%	0.53		%	0.75		%

33

Under certain circumstances, the Company provides borrowers relief through loan modifications. These modifications are either temporary in nature (“temporary modifications”) or are more substantive. The temporary modifications generally consist of interest only payments for a three to six month period, whereby principal payments are deferred. At the end of the modification period, the remaining principal balance is re-amortized based on the original maturity date. Loans subject to temporary modifications are generally downgraded to Special Mention or Substandard. At the end of the modification period, the loan either 1) returns to the original contractual terms; 2) is further modified and accounted for as a troubled debt restructuring in accordance with ASC 310-10-35; or 3) is disposed of through foreclosure or liquidation.

Troubled Debt Restructurings (“TDRs”) of loans are defined by ASC 310-40, “Troubled Debt Restructurings by Creditors” and evaluated for impairment in accordance with ASC 310-10-35. The concessions may be granted in various forms, including reduction in the stated interest rate, reduction in the amount of principal amortization, forgiveness of a portion of a loan balance or accrued interest, or extension of the maturity date. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed on the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Bank’s internal underwriting policy. At June 30, 2017, total TDR loans were $69.0 million, compared to $70.9 million at December 31, 2016.

A summary of the recorded investment of TDRs on accrual and nonaccrual status by type of concession as of June 30, 2017 and December 31, 2016 is presented below:

	As of June 30, 2017
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,099	$	201	$	—	$	16,300	$	1,858	$	1,249	$	—	$	3,107	$	19,407
Maturity / amortization concession	2,925		22,545		4,676		30,146		1,691		4,834		324		6,849		36,995
Rate concession	5,546		1,152		146		6,844		5,395		369		—		5,764		12,608
Total	$	24,570	$	23,898	$	4,822	$	53,290	$	8,944	$	6,452	$	324	$	15,720	$	69,010

	As of December 31, 2016
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,358	$	29	$	—	$	16,387	$	4,417	$	1,717	$	—	$	6,134	$	22,521
Maturity / amortization concession	1,840		17,471		4,600		23,911		1,313		6,130		2,287		9,730		33,641
Rate concession	6,856		1,665		55		8,576		5,590		387		155		6,132		14,708
Total	$	25,054	$	19,165	$	4,655	$	48,874	$	11,320	$	8,234	$	2,442	$	21,996	$	70,870

TDRs on accrual status are comprised of loans that were accruing at the time of restructuring and for which the Bank anticipates full repayment of both principal and interest under the restructured terms. TDRs that are on nonaccrual status can be returned to accrual status after a period of sustained performance, generally determined to be six months of timely payments as modified.  Sustained performance includes the periods prior to the modification if the prior performance met or exceeded the modified terms. TDRs on accrual status at June 30, 2017 were comprised of 20 commercial real estate loans totaling $24.6 million, 20 commercial business loans totaling $23.9 million, and 28 other loans totaling $4.8 million. TDRs on accrual status at December 31, 2016 were comprised of 20 commercial real estate loans totaling $25.1 million, 23 commercial business loans totaling $19.2 million and 19 other loans totaling $4.7 million. The Company expects that TDRs on accrual status as of June 30, 2017, which were all performing in accordance with their restructured terms, to continue to comply with the restructured terms because of the reduced principal or interest payments on these loans. TDRs that were restructured at market interest rates and had sustained performance as agreed under the modified loan terms may be reclassified as non-TDRs after each year end but are reserved for under ASC 310-10.

The Company has allocated $5.6 million and $5.3 million of specific reserves to TDRs as of June 30, 2017 and December 31, 2016, respectively. 

34

The following table presents the recorded investment of loans classified as TDR within the three and six months ended June 30, 2017 and June 30, 2016 by class of loans:

	Three Months Ended June 30, 2017					Three Months Ended June 30, 2016
	Number of Loans	Pre- Modification		Post- Modification		Number of Loans	Pre- Modification		Post- Modification
	(Dollars in thousands)
Legacy Loans:
Real estate—commercial
Retail	1	$	660	$	641	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate - construction	—	—		—		—	—		—
Commercial business	3	5,193		5,163		2	113		114
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		1	—		111
Subtotal	4	$	5,853	$	5,804	3	$	113	$	225
Acquired Loans:
Real estate—commercial
Retail	1	$	128	$	125	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate—construction	—	—		—		—	—		—
Commercial business	—	—		—		—	—		—
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		—	—		—
Subtotal	1	$	128	$	125	—	$	—	$	—
Total	5	$	5,981	$	5,929	3	$	113	$	225

35

	Six Months Ended June 30, 2017					Six Months Ended June 30, 2016
	Number of Loans	Pre- Modification		Post- Modification		Number of Loans	Pre- Modification		Post- Modification
	(Dollars in thousands)
Legacy Loans:
Real estate—commercial
Retail	1	$	660	$	641	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate - construction	—	—		—		—	—		—
Commercial business	5	6,873		6,379		8	11,201		7,755
Trade finance	—	—		—		1	2,199		1,458
Consumer and other	—	—		—		1	—		111
Subtotal	6	$	7,533	$	7,020	10	$	13,400	$	9,324
Acquired Loans:
Real estate—commercial
Retail	2	$	221	$	220	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate—construction	—	—		—		—	—		—
Commercial business	2	649		503		—	—		—
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		1	30		27
Subtotal	4	$	870	$	723	1	$	30	$	27
Total	10	$	8,403	$	7,743	11	$	13,430	$	9,351

For TDRs modified during the three months ended June 30, 2017, the Company recorded totaled $1.1 million in specific reserves. There were no charge offs of TDR loans modified during the three months ended June 30, 2017. TDRs modified during the six months ended June 30, 2017 had $1.1 million in specific reserves. Charge offs for TDR loans modified during the six months ended June 30, 2017 totaled $131 thousand.

TDR loans modified during the three and six months ended June 30, 2016 had specific reserves of $69 thousand. There were no charge offs of TDR loans modified during the three and six months ended June 30, 2016.

36

The following table presents loans modified as TDRs within the previous twelve months ended June 30, 2017 and June 30, 2016 that subsequently had payment defaults during the three and six months ended June 30, 2017 and June 30, 2016:

	Three Months Ended June 30, 2017			Three Months Ended June 30, 2016
	Number of Loans	Balance		Number of Loans	Balance
	(Dollars In thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	1	$	489
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	1	796		—	—
Real estate—construction	—	—		—	—
Commercial business	2	846		8	5,210
Trade finance	—	—		1	2,886
Consumer and other	—	—		—	—
Subtotal	3	$	1,642	10	$	8,585
Acquired Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	10		—	—
Trade finance	—	—		—	—
Consumer and other	—	—		1	27
Subtotal	1	$	10	1	$	27
Total	4	$	1,652	11	$	8,612

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	Six Months Ended June 30, 2017				Six Months Ended June 30, 2016
	Number of Loans		Balance		Number of Loans	Balance
	(Dollars In thousands)
Legacy Loans:
Real estate—commercial
Retail	—		$	—	1	$	489
Hotel & motel	—		—		—	—
Gas station & car wash	—		—		—	—
Mixed Use	—		—		—	—
Industrial & warehouse	—	—	—		—	—
Other	1		796		—	—
Real estate—construction	—		—		—	—
Commercial business	2		846		8	5,210
Trade finance	—		—		1	2,886
Consumer and other	—		—		—	—
Subtotal	3		$	1,642	10	$	8,585
Acquired Loans:
Real estate—commercial
Retail	—		$	—	—	$	—
Hotel & motel	—		—		—	—
Gas station & car wash	—		—		—	—
Mixed Use	—		—		—	—
Industrial & warehouse	—		—		—	—
Other	—		—		—	—
Real estate—construction	—		—		—	—
Commercial business	1		10		—	—
Trade finance	—		—		—	—
Consumer and other	—		—		1	27
Subtotal	1		$	10	1	$	27
Total	4		$	1,652	11	$	8,612

A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. As of June 30, 2017, the specific reserves totaled $181 thousand for the TDRs that had payment defaults during the three and six months ended June 30, 2017. The total charge offs for the TDRs that had payment defaults during the three and six months ended June 30, 2017 were $0 and $131 thousand, respectively.

There were three Legacy Loans that subsequently defaulted during the three and six months ended June 30, 2017 that were modified as follows: one Real Estate Commercial loan totaling $796 thousand was modified through payment concession, two commercial business loans totaling $846 thousand were modified through maturity concessions. There was one commercial business Acquired Loan totaling $10 thousand that subsequently defaulted during the three and six months ended June 30, 2017 that was modified through payment concession.

As of June 30, 2016, the specific reserves totaled $2.5 million for the TDRs that had payment defaults during the three and six months ended June 30, 2016. The total charge offs for the TDRs that had payment defaults during the three and six months ended June 30, 2016 were $30 thousand.

There were ten Legacy Loans that subsequently defaulted during the three and six months ended June 30, 2016 that were modified as follows: four Commercial Business loans totaling $496 thousand were modified through payment concessions, four Commercial Business loans totaling $4.7 million were modified through maturity concessions, one Real Estate Commercial loan totaling $489 thousand was modified through maturity concession, and one Trade Finance loan totaling $2.9 million was modified through maturity concession. There was one Consumer and other Acquired Loan totaling $27 thousand that defaulted during the three and six months ended June 30, 2016 that was modified through maturity concession.

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8.    Deposits

The aggregate amount of time deposits in denominations of $250,000 or more at June 30, 2017 and December 31, 2016, was $1.58 billion and $1.55 billion, respectively. Included in time deposits of $250,000 or more were $300.0 million in California State Treasurer’s deposits at June 30, 2017 and December 31, 2016. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. The Company is required to pledge eligible collateral of at least 110% of outstanding deposits. At June 30, 2017 and December 31, 2016, securities with carrying values of approximately $342.3 million and $371.6 million, respectively, were pledged as collateral for the California State Treasurer’s deposit.

The Company also utilizes brokered deposits as a secondary source of funds. Total brokered deposits at June 30, 2017 and December 31, 2016, totaled $814.7 million and $724.7 million, respectively.

9.    Borrowings

The Company maintains a line of credit with the FHLB of San Francisco for use as a secondary source of funds. The borrowing capacity with the FHLB is limited to the lower of 25% of the Bank’s total assets or the Bank’s collateral capacity, which was $3.24 billion at June 30, 2017, and $3.38 billion at December 31, 2016. The terms of this credit facility require the Company to pledge eligible collateral with the FHLB equal to at least 100% of outstanding advances.

At June 30, 2017 and December 31, 2016, real estate secured loans with a carrying amount of approximately $4.74 billion and $5.53 billion, respectively, were pledged at the FHLB. At June 30, 2017 and December 31, 2016, other than FHLB stock, no securities were pledged as collateral at FHLB. The purchase of FHLB stock is a prerequisite to become a member of the FHLB system, and the Company is required to own a certain amount of stock based on outstanding borrowings.

At June 30, 2017 and December 31, 2016, FHLB advances totaled $793.4 million and $754.3 million, respectively, had weighted average effective interest rates of 1.34% and 1.22%, respectively, and had various maturities through June 2022. The Company had a putable advance at June 30, 2017 and December 31, 2016, totaling $20.0 million and $20.2 million, respectively, with a quarterly put date. The effective interest rate of FHLB advances as of June 30, 2017 ranged between 0.84% and 2.02%. At June 30, 2017, the Company’s remaining borrowing capacity with the FHLB was $2.44 billion.

At June 30, 2017, the contractual maturities for FHLB advances were as follows:

	Contractual Maturities		Maturity/ Put Date
	(Dollars in thousands)
Due within one year	$	280,004	$	280,004
Due after one year through five years	513,399		513,399
Total	$	793,403	$	793,403

As a member of the FRB system, the Bank may also borrow from the FRB of San Francisco. The maximum amount that the Bank may borrow from the FRB’s discount window is up to 95% of the outstanding principal balance of the qualifying loans and the fair value of the securities that are pledged. At June 30, 2017, the outstanding principal balance of the qualifying loans was $680.3 million, and the fair value of investment securities was $5.7 million. There were no borrowings outstanding at the FRB discount window as of June 30, 2017 and December 31, 2016.

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10.    Subordinated Debentures

At June 30, 2017, the Company had nine wholly owned subsidiary grantor trusts that had issued $126.0 million of pooled trust preferred securities. Trust preferred securities accrue and pay distributions periodically at specified annual rates as provided in the indentures. The trusts used the net proceeds from the offering to purchase a like amount of subordinated debentures (the “Debentures”). The Debentures are the sole assets of the trusts. The Company’s obligations under the subordinated debentures and related documents, taken together, constitute a full and unconditional guarantee by the Company of the obligations of the trusts. The trust preferred securities are mandatorily redeemable upon the maturity of the Debentures, or upon earlier redemption as provided in the indentures. The Company now has the right to redeem the Debentures in whole (but not in part) on a quarterly basis at a redemption price specified in the indentures plus any accrued but unpaid interest to the redemption date. The Company also has a right to defer consecutive payments of interest on the debentures for up to five years.

The following table is a summary of trust preferred securities and Debentures at June 30, 2017:

Issuance Trust	Issuance Date	Trust Preferred Security Amount		Carrying Value of Debentures		Rate Type	Current Rate	Maturity Date
		(Dollars in thousands)
Nara Capital Trust III	06/05/2003	$	5,000	$	5,155	Variable	4.40%	06/15/2033
Nara Statutory Trust IV	12/22/2003	5,000		5,155		Variable	4.01%	01/07/2034
Nara Statutory Trust V	12/17/2003	10,000		10,310		Variable	4.22%	12/17/2033
Nara Statutory Trust VI	03/22/2007	8,000		8,248		Variable	2.90%	06/15/2037
Center Capital Trust I	12/30/2003	18,000		13,731		Variable	4.01%	01/07/2034
Wilshire Statutory Trust II	03/17/2005	20,000		15,210		Variable	3.06%	03/17/2035
Wilshire Statutory Trust III	09/15/2005	15,000		10,679		Variable	2.65%	09/15/2035
Wilshire Statutory Trust IV	07/10/2007	25,000		17,343		Variable	2.63%	09/15/2037
Saehan Capital Trust I	03/30/2007	20,000		14,497		Variable	2.92%	06/30/2037
Total		$	126,000	$	100,328

The Company’s investment in the common trust securities of the issuer trusts was $3.9 million at June 30, 2017 and is included in other assets. Although the subordinated debt issued by the trusts are not included as a component of stockholders’ equity in the consolidated balance sheets, the debt is treated as capital for regulatory purposes. The trust preferred security debt issuances are includable in Tier I capital up to a maximum of 25% of capital on an aggregate basis. Any amount that exceeds 25% qualifies as Tier 2 capital.

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11.    Derivative Financial Instruments

The Company offers a loan hedging program to certain loan customers. Through this program, the Company originates a variable rate loan with the customer. The Company and the customer will then enter into a fixed interest rate swap. Lastly, an identical offsetting swap is entered into by the Company with a correspondent bank. These “back-to-back” swap arrangements are intended to offset each other and allow the Company to book a variable rate loan, while providing the customer with a contract for fixed interest payments. In these arrangements, the Company’s net cash flow is equal to the interest income received from the variable rate loan originated with the customer. These customer swaps are not designated as hedging instruments and are recorded at fair value in other assets and other liabilities. The changes in fair value are recognized in the income statement in other income and fees.

At June 30, 2017 and December 31, 2016, the following interest rate swaps related to our loan hedging program were outstanding:

	As of June 30, 2017			As of December 31, 2016
	(Dollars in thousands)
Interest rate swaps on loans with loan customers:
Notional amount	$	274,049		$	223,098
Weighted average remaining term	7.7 years			7.4 years
Received fixed rate (weighted average)	4.34		%	4.29		%
Pay variable rate (weighted average)	3.44		%	3.06		%
Estimated fair value	$	(216	)	$	(1,565	)
Back to back interest rate swaps with correspondent banks:
Notional amount	$	274,049		$	223,098
Weighted average remaining term	7.7 years			7.4 years
Received variable rate (weighted average)	3.44		%	3.06		%
Pay fixed rate (weighted average)	4.34		%	4.29		%
Estimated fair value	$	216		$	1,565

Subsequent to the acquisition of Wilshire, the Company began to enter into various stand-alone mortgage-banking derivatives in order to hedge the risk associated with the fluctuation of interest rates. Changes in fair value are recorded as mortgage banking revenue. Residential mortgage loans funded with interest rate lock commitments and forward commitments for the future delivery of mortgage loans to third party investors are considered derivatives. At June 30, 2017, we had approximately $24.5 million in interest rate lock commitments and $6.9 million in total forward sales commitments for the future delivery of residential mortgage loans. At December 31, 2016, we had approximately $23.7 million in interest rate lock commitments and $13.0 million in total forward sales commitments for the future delivery of residential mortgage loans.

The following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

	As of June 30, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	4,207	$	31		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	6,143	$	19		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	2,732	$	(7	)	$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	796	$	(2	)	$	9,755	$	(38	)

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12.    Commitments and Contingencies

In the normal course of business, we are a party to financial instruments with off-balance sheet risk that are used to meet the financing needs of our customers. These financial instruments include commitments to extend credit, standby letters of credit, commercial letters of credit, commitments to fund investments in affordable housing partnerships, mortgage derivatives, and operating lease commitments. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. Our exposure to credit loss in the event of nonperformance on commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for extending loan facilities to customers. We evaluate each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on our credit evaluation of the counterparty. The types of collateral that we may hold can vary and may include accounts receivable, inventory, property, plant and equipment, and income-producing properties.

Commitments at June 30, 2017 and December 31, 2016 are summarized as follows:

	June 30, 2017		December 31, 2016
	(Dollars in thousands)
Commitments to extend credit	$	1,567,393	$	1,592,221
Standby letters of credit	75,941		63,753
Other letters of credit	67,202		52,125
Commitments to fund investments in affordable housing partnerships	43,929		24,409
Interest rate lock	24,533		23,749
Forward sale commitments	6,939		12,978
Operating lease commitments	52,124		51,059

In the normal course of business, we are involved in various legal claims. We have reviewed all legal claims against us with counsel and have taken into consideration the views of such counsel as to the potential outcome of the claims. Loss contingencies for all legal claims totaled $472 thousand at June 30, 2017 and $557 thousand at December 31, 2016. It is reasonably possible we may incur losses in addition to the amounts we have accrued. However, at this time, we are unable to estimate the range of additional losses that are reasonably possible because of a number of factors, including the fact that certain of these litigation matters are still in their early stages and involve claims that we believe have little to no merit. Management has considered these and other possible loss contingencies and does not expect the amounts to be material to any of the consolidated financial statements.

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13.    Goodwill, Intangible Assets, and Servicing Assets

Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. At December 31, 2016, management assessed the qualitative factors related to goodwill for the year to determine whether it was more-likely-than-not that the fair value was less than its carrying amount. Based on the analysis of these factors, management determined that it was more-likely-than-not that the fair value of goodwill exceeded the carrying value and that the two-step impairment test was not needed. Goodwill is not amortized for book purposes and is not tax deductible.

The carrying amount of the Company’s goodwill as of June 30, 2017 and December 31, 2016 was $464.5 million and $463.0 million, respectively. There was no impairment of goodwill during the three or six months ended June 30, 2017. Goodwill recorded in the third quarter of 2016 from the acquisition of Wilshire totaled $359.0 million. During the fourth quarter of 2016, the Company made a net adjustment of $1.4 million to the deferred tax assets and taxes receivable acquired from Wilshire which reduced the previous goodwill recorded from the transaction by $1.4 million. Subsequently in the first quarter of 2017, the Company made a net adjustment of $978 thousand to OREO and deferred tax assets acquired from Wilshire which increased goodwill recorded from the Wilshire transaction by $978 thousand. During the second quarter of 2017, the Company made an adjustment of $475 thousand to deferred tax assets which increased goodwill by the same amount. These adjustments were made to reflect new information obtained about facts and circumstances that existed as of the acquisition date in accordance with ASC 805-10-25-13. At June 30, 2017, goodwill related to the acquisition of Wilshire totaled $359.0 million.

Core deposit intangible assets are amortized over their estimated lives, which range from seven to ten years. Amortization expense related to core deposit intangible assets totaled $676 thousand and $212 thousand for the three months ended June 30, 2017 and 2016, respectively. The amortization expense related to core deposit intangible assets totaled $1.4 million and $425 thousand for the six months ended June 30, 2017 and 2016, respectively. The following table provides information regarding the core deposit intangibles at June 30, 2017:

		As of June 30, 2017
	Amortization period	Gross Carrying Amount		Accumulated Amortization
		(Dollars in thousands)
Core deposit—Center Financial acquisition	7 years	$	4,100	$	(3,825	)
Core deposit—PIB acquisition	7 years	603		(500		)
Core deposit—Foster acquisition	10 years	2,763		(1,490		)
Core deposit—Wilshire acquisition	10 years	18,138		(1,915		)
Total		$	25,604	$	(7,730	)

Servicing assets are recognized when SBA or residential mortgage loans are sold with servicing retained with the income statement effect recorded in net gains on sales of SBA and other loans. Servicing assets are initially recorded at fair value based on the present value of the contractually specified servicing fee, net of servicing costs, over the estimated life of the loan, using a discount rate based on the related note rate. The Company’s servicing costs approximates the industry average servicing costs. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans.

Management periodically evaluates servicing assets for impairment based upon the fair value of the rights as compared to the carrying amount. Impairment is determined by stratifying rights into groupings based on loan type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. As of June 30, 2017 and December 31, 2016, the Company did not have a valuation allowance for servicing assets.

43

The changes in servicing assets for the three and six months ended June 30, 2017 and 2016 were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	25,941		$	11,856		$	26,457		$	12,000
Additions through originations of servicing assets	1,316			1,309			2,612			2,087
Amortization	(1,919		)	(972		)	(3,731		)	(1,894		)
Balance at end of period	$	25,338		$	12,193		$	25,338		$	12,193

Loans serviced for others are not reported as assets. The principal balances of loans serviced for other institutions were $1.50 billion as of June 30, 2017 and $1.55 billion as of December 31, 2016.

The Company utilizes the discounted cash flow method to calculate the initial excess servicing assets. The inputs used in determining the impairment of the servicing assets at June 30, 2017 and December 31, 2016 are presented below.

	June 30, 2017	December 31, 2016
SBA Servicing Assets:
Weighted-average discount rate	10.13%	9.85%
Constant prepayment rate	8.20%	8.05%
Mortgage Servicing Assets:
Weighted-average discount rate	9.63%	7.25%
Constant prepayment rate	9.13%	13.77%

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14.    Income Taxes

For the second quarter of 2017, the Company had an income tax provision totaling $25.5 million on pretax income of $66.1 million, representing an effective tax rate of 38.48%, compared with an income tax provision of $16.8 million on pretax income of $40.2 million, representing an effective tax rate of 41.85% for the second quarter of 2016. For the six months ended June 30, 2017, the Company had an income tax provision totaling $48.5 million on pretax income of $125.3 million, representing an effective tax rate of 38.65%, compared with an income tax provision of $33.0 million on pretax income of $80.1 million, representing an effective tax rate of 41.28% for the six months ended June 30, 2016.

The reduction in effective tax rate for periods in 2017 compared to periods in 2016 was primarily due to the increase in affordable housing partnership investment tax credits for the three and six months ended June 30, 2017 compared to the same periods in 2016.

A reconciliation of the difference between the federal statutory income tax rate and the effective tax rate is shown in the following table for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Statutory tax rate	35.00	%	35.00	%	35.00	%	35.00	%
State taxes-net of federal tax effect	7.16	%	7.27	%	7.16	%	7.27	%
Affordable housing partnership investment tax credit	(3.15	)%	(1.30	)%	(3.15	)%	(1.30	)%
Bank owned life insurance	(0.16	)%	(0.24	)%	(0.16	)%	(0.24	)%
Municipal securities	(0.25	)%	(0.21	)%	(0.25	)%	(0.21	)%
Nondeductible transaction costs	0.08	%	0.52	%	0.08	%	0.52	%
Other	(0.20	)%	0.81	%	(0.03	)%	0.24	%
Effective income tax rate	38.48	%	41.85	%	38.65	%	41.28	%

The Company and its subsidiaries are subject to U.S. federal income tax, as well as state income taxes. The Company had total unrecognized tax benefits of $2.1 million at June 30, 2017 and $2.2 million at December 31, 2016, that relate to uncertainties associated with federal and state income tax matters. Other than the accrued interest of $67 thousand related to uncertain tax positions from an acquired entity, the Company recognizes interest and penalties on income tax matters in income tax expense. The Company recorded approximately $319 thousand and $306 thousand for accrued interest and penalties (no portion was related to penalties) at June 30, 2017 and December 31, 2016, respectively.

Management believes it is reasonably possible that the unrecognized tax benefits may decrease by approximately $1.0 million in the next twelve months.

The statute of limitations for the assessment of income taxes related to the consolidated Federal income tax returns is closed for all tax years up to and including 2012. The expiration of the statute of limitations for the assessment of income and franchise taxes related to the various state income and franchise tax returns varies by state. The Company is currently under examination by the California Franchise Tax Board for the 2011, 2012 and 2013 tax years and by the New York State Department of Taxation and Finance for the 2013, 2014, and 2015 tax years. Wilshire Bancorp, Inc., an acquired entity, is currently under examination by the California Franchise Tax Board for the 2011, 2012, and 2013 tax years and by the New York State Department of Taxation and Finance for the 2011, 2012, 2013, and 2014 tax years. While the outcome of the examinations is unknown, the Company expects no material adjustments.

Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluates both positive and negative evidence, including the existence of any cumulative losses in the current year and the prior two years, the amount of taxes paid in available carry-back years, the forecasts of future income, applicable tax planning strategies, and assessments of current and future economic and business conditions. This analysis is updated quarterly and adjusted as necessary. Based on the analysis, the Company has determined that a valuation allowance for deferred tax assets was not required as of June 30, 2017.

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15.    Fair Value Measurements

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value. The fair value inputs of the instruments are classified and disclosed in one of the following categories pursuant to ASC 820:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The quoted price shall not be adjusted for any blockage factor (i.e., size of the position relative to trading volume).

Level 2 - Pricing inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Fair value is determined through the use of models or other valuation methodologies, including the use of pricing matrices. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 - Pricing inputs are unobservable for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The inputs into the determination of fair value require significant management judgment or estimation.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

The Company uses the following methods and assumptions in estimating fair value disclosures for financial instruments. Financial assets and liabilities recorded at fair value on a recurring and non-recurring basis are listed as follows:

Securities Available for Sale

The fair values of securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).

The fair values of the Company’s Level 3 securities available for sale were measured using an income approach valuation technique. The primary inputs and assumptions used in the fair value measurement were derived from the securities’ underlying collateral, which included discount rates, prepayment speeds, payment delays, and an assessment of the risk of default of the underlying collateral, among other factors. Significant increases or decreases in any of the inputs or assumptions would result in a significant increase or decrease in the fair value measurement.

Interest Rate Swaps

The Company offers interest rate swaps to certain loan customers to allow them to hedge the risk of rising interest rates on their variable rate loans. The Company originates a variable rate loan and enters into a variable-to-fixed interest rate swap with the customer. The Company also enters into an offsetting swap with a correspondent bank. These back-to-back agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. The fair value of these derivatives is based on a discounted cash flow approach. Due to the observable nature of the inputs used in deriving the fair value of these derivative contracts, the valuation of interest rate swaps is classified as Level 2.

Impaired Loans

The fair values of impaired loans are generally measured for impairment using the practical expedients permitted by FASB ASC 310-10-35 including impaired loans measured at an observable market price (if available), or at the fair value of the loan’s collateral (if the loan is collateral dependent). Fair value of the loan’s collateral, when the loan is dependent on collateral, is determined by appraisals or independent valuation, less costs to sell of 8.5%. For commercial and industrial and asset backed loans, independent valuations may be comprised of a 20-60% discount for eligible accounts receivable and a 50-70% discount for inventory. These result in a Level 3 classification.

OREO

OREO is fair valued at the time the loan is foreclosed upon and the asset is transferred to OREO. The value is based primarily on third party appraisals, less costs to sell of 8.5% and result in a Level 3 classification of the inputs for determining fair value.

46

OREO is reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted to lower of cost or market accordingly, based on the same factors identified above.

Loans held for sale

Loans held for sale are carried at the lower of cost or fair value, as determined by outstanding commitments from investors, or based on recent comparable sales (Level 2 inputs), if available, and if not available, are based on discounted cash flows using current market rates applied to the estimated life and credit risk (Level 3 inputs) or may be assessed based upon the fair value of the collateral, which is obtained from recent real estate appraisals (Level 3 inputs). These appraisals may utilize a single valuation approach or a combination of approaches including the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in Level 3 classification of the inputs for determining fair value.

Mortgage banking derivatives

Mortgage banking derivative instruments consist of interest rate lock commitments and forward sale contracts that trade in liquid markets. The fair value is based on the prices available from third party investors. Due to the observable nature of the inputs used in deriving the fair value, the valuation of mortgage banking derivatives are classified as Level 2.

Assets and liabilities measured at fair value on a recurring basis are summarized below:

				Fair Value Measurements at the End of the Reporting Period Using
	June 30, 2017			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	9,995		$	—	$	9,995		$	—
GSE collateralized mortgage obligations (residential)	783,594			—		783,594			—
GSE mortgage-backed securities (residential)	771,543			—		771,543			—
Corporate securities	4,606			—		4,606			—
Municipal securities	97,512			—		96,385			1,127
Mutual funds	13,132			13,132		—			—
Interest rate swaps	(216		)	—		(216		)	—
Mortgage banking derivatives	50			—		50			—
Liabilities:
Interest rate swaps	(216		)	—		(216		)	—
Mortgage banking derivatives	9			—		9			—

47

				Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	12,008		$	—	$	12,008		$	—
GSE collateralized mortgage obligations (residential)	705,667			—		705,667			—
GSE mortgage-backed securities (residential)	728,041			—		728,041			—
Corporate securities	11,127			—		11,127			—
Municipal securities	86,839			—		85,700			1,139
Mutual funds	13,058			13,058		—			—
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	147			—		147			—
Liabilities:
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	41			—		41			—

There were no transfers between Level 1, 2, and 3 during the three and six months ended June 30, 2017 and 2016.

The following table reflects the notional amount and fair value of mortgage banking derivatives for the date indicated:

	As of June 30, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	4,207	$	31		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	6,143	$	19		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	2,732	$	(7	)	$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	796	$	(2	)	$	9,755	$	(38	)

The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017			2016
	(Dollars in thousands)
Beginning Balance	$	1,128		$	1,209	$	1,139		$	1,166
Total (losses) gains included in other comprehensive income	(1		)	25		(12		)	68
Ending Balance	$	1,127		$	1,234	$	1,127		$	1,234

48

The Company measures certain assets at fair value on a non-recurring basis including impaired loans (excluding PCI loans), loans held for sale, and OREO. These fair value adjustments result from impairments recognized during the period, application of the lower of cost or fair value on loans held for sale, the application of fair value less cost to sell on OREO.

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements at the End of the Reporting Period Using
	June 30, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	11,764	$	—	$	—	$	11,764
Commercial business	6,152		—		—		6,152
Loans held for sale, net	773		—		773		—
OREO	12,231		—		—		12,231

			Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	58,882	$	—	$	—	$	58,882
Commercial business	6,563		—		—		6,563
Consumer	253		—		—		253
Loans held for sale, net	3,788		—		3,788		—
OREO	21,990		—		—		21,990

For assets measured at fair value on a non-recurring basis, the total net gains (losses), which include charge offs, recoveries, specific reserves, and recognized gains and losses on sales are summarized below:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	(433	)	$	(58	)	$	(2,435	)	$	251
Commercial business	(4,027		)	(176		)	(5,001		)	(2,848		)
Trade Finance	(527		)	(215		)	(1,239		)	1,081
Consumer	(229		)	(32		)	(495		)	(94		)
Loans held for sale, net	353			43			772			43
OREO	(733		)	(668		)	(1,328		)	(1,245		)

49

Fair Value of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at June 30, 2017 and December 31, 2016 were as follows:

	June 30, 2017
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	446,415	$	446,415	Level 1
Interest bearing deposits in other financial institutions and   other investments	43,962		43,238		Level 2/3
Loans held for sale	16,927		17,861		Level 2
Loans receivable—net	10,736,345		10,833,880		Level 3
FHLB stock	22,351		N/A		N/A
Accrued interest receivable	25,640		25,640		Level 2/3
Servicing assets	25,338		25,338		Level 3
Customers’ liabilities on acceptances	1,669		1,669		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	3,016,538	$	3,016,538	Level 2
Saving and other interest bearing demand deposits	3,838,676		3,838,676		Level 2
Time deposits	4,099,887		4,094,549		Level 2
FHLB advances	793,403		789,347		Level 2
Subordinated debentures	100,328		100,328		Level 2
Accrued interest payable	11,855		11,855		Level 2
Acceptances outstanding	1,669		1,669		Level 2
	December 31, 2016
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	437,334	$	437,334	Level 1
Interest bearing deposits in other financial institutions and   other investments	44,202		43,773		Level 2/3
Loans held for sale	22,785		24,492		Level 2
Loans receivable—net	10,463,989		10,666,642		Level 3
FHLB stock	21,964		N/A		N/A
Accrued interest receivable	26,880		26,880		Level 2/3
Servicing assets	26,457		26,457		Level 3
Customers’ liabilities on acceptances	2,899		2,899		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,900,241	$	2,900,241	Level 2
Saving and other interest bearing demand deposits	3,703,352		3,703,352		Level 2
Time deposits	4,038,442		4,036,664		Level 2
FHLB advances	754,290		749,486		Level 2
Subordinated debentures	99,808		99,808		Level 2
Accrued interest payable	10,863		10,863		Level 2
Acceptances outstanding	2,899		2,899		Level 2

50

The methods and assumptions used to estimate fair value are described as follows:

The carrying amount is the estimated fair value for cash and cash equivalents, savings and other interest bearing demand deposits, customer’s and Bank’s liabilities on acceptances, noninterest bearing deposits, short-term debt, secured borrowings and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans or deposits and for variable rate loans or deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. The allowance for loan losses is considered to be a reasonable estimate of discount for credit quality concerns. Fair value of SBA loans held for sale is based on market quotes. For fair value of non-SBA loans held for sale, see the measurement method discussed previously. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates, prepayment speeds, and delinquency rate assumptions as inputs. Fair value of time deposits and debt is based on current rates for similar financing. It was not practicable to determine the fair value of FRB stock or FHLB stock due to restrictions placed on their transferability. The fair value of commitments to fund loans represents fees currently charged to enter into similar agreements with similar remaining maturities and is not presented herein. The fair value of these financial instruments is not material to the consolidated financial statements.

16.    Stockholders’ Equity

On July 29, 2016 the Company acquired Wilshire in an all-stock transaction. Pursuant to the merger agreement, Wilshire shareholders received 0.7034 shares of the Company’s common stock for each share of Wilshire stock owned. Based on this exchange ratio, 55.5 million shares of the Company’s common stock were issued to Wilshire shareholders at $15.37 per share, the closing price of the Company’s stock on July 29, 2016. As a result, $852.9 million in common stock was issued as consideration in the transaction and $3.4 million in additional paid-in capital was recorded to account for the fair value of stock options assumed. Total stockholders’ equity at June 30, 2017 was $1.91 billion, compared to $1.86 billion at December 31, 2016.

The Company assumed certain warrants (related to the TARP Capital Purchase Plan) to purchase shares of the Company’s common stock. On May 20, 2015, the U.S. Treasury Department completed an auction to sell certain warrant positions, and the Company submitted the winning bid to repurchase an outstanding warrant to purchase 350,767 shares of the Company’s common stock. The Company repurchased this warrant for $1.2 million. As of June 30, 2017, the U.S. Treasury Department held one remaining warrant for the purchase of 20,087 shares of the Company’s common stock.

The Company paid a quarterly dividend of $0.12 per common share for the second quarter of 2017 compared to $0.11 per common share for the second quarter of 2016. For the six months ended June 30, 2017 and 2016, the Company paid total dividends of $0.24 and $0.22, respectively.

The following table presents the quarterly changes to accumulated other comprehensive (loss) income for the three and six months ended June 30, 2017 and June 30, 2016:

	Three Months Ended,
	June 30, 2017			June 30, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(12,849	)	$	7,155
Unrealized gains on securities available for sale and interest only strips	4,776			6,603
Less tax effect	2,016			2,784
Total other comprehensive income	2,760			3,819
Balance at end of period	$	(10,089	)	$	10,974

	Six Months Ended,
	June 30, 2017			June 30, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(14,657	)	$	(1,832	)
Unrealized gains on securities available for sale and interest only strips	7,908			22,195
Less tax effect	3,340			9,389
Total other comprehensive income	4,568			12,806
Balance at end of period	$	(10,089	)	$	10,974

For the three and six months ended June 30, 2017 and June 30, 2016 there were no reclassifications out of accumulated other comprehensive (loss) income.

51

17.    Regulatory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material and adverse effect on the Company’s and the Bank’s business, financial condition and results of operation, such as restrictions on growth or the payment of dividends or other capital distributions or management fees. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

In July, 2013, the federal bank regulatory agencies adopted final regulations, which revised their risk-based and leverage capital requirements for banking organizations to meet requirements of Dodd-Frank and to implement Basel III international agreements reached by the Basel Committee. The final rules began for the Company and the Bank on January 1, 2015 and are subject to a phase-in period through January 1, 2019. The final rules that had an impact on the Company and the Bank include:

• An increase in the minimum Tier 1 capital ratio from 4.00% to 6.00% of risk-weighted assets;

• A new category and a required 4.50% of risk-weighted assets ratio is established for “Common Equity Tier 1” as a subset of Tier 1 capital limited to common equity;

• A minimum non-risk-based leverage ratio is set at 4.00%, eliminating a 3.00% exception for higher rated banks;

• Changes in the permitted composition of Tier 1 capital to exclude trust preferred securities, mortgage servicing rights and certain deferred tax assets and include unrealized gains and losses on available for sale debt and equity securities;

• The risk-weights of certain assets for purposes of calculating the risk-based capital ratios are changed for high volatility commercial real estate acquisition, development and construction loans, certain past due non-residential mortgage loans and certain mortgage-backed and other securities exposures; and

• A new additional capital conservation buffer of 2.5% of risk weighted assets over each of the required capital ratios is being phased in from 2016 to 2019 and must be met to avoid limitations on the ability of the Bank to pay dividends, repurchase shares, or pay discretionary bonuses. The capital conservation buffer for the Company was initially 0.625% in 2016, and increases 0.625% annually until 2019. As ofJune 30, 2017, the capital conservation buffer for the Company stood at 1.25%.

As of June 30, 2017, the ratios for the Company and the Bank are sufficient to meet the fully phased-in conservation buffer.

As of June 30, 2017 and December 31, 2016, the most recent regulatory notification categorized the Bank as “well-capitalized” under the regulatory framework for prompt corrective action. To generally be categorized as “well-capitalized”, the Bank must maintain minimum total risk-based, Tier I risk-based, common equity Tier 1, and Tier I leverage ratios as set forth in the following table. There are no conditions or events since the notification from regulators that management believes has changed the institution’s category. As of June 30, 2017 and December 31, 2016, the Company and the Bank met the capital adequacy requirements to which they are subject.

52

The Company’s and the Bank’s capital amounts and ratios are presented in the table below for the dates indicated:

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of June 30, 2017
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,438,907	12.18	%	$	531,657	4.50	%	$	679,340	5.750	%	N/A		N/A
Bank	$	1,514,997	12.83	%	$	531,376	4.50	%	$	678,980	5.750	%	$	767,543	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,619,043	13.70	%	$	945,169	8.00	%	$	1,092,851	9.250	%	N/A		N/A
Bank	$	1,598,707	13.54	%	$	944,668	8.00	%	$	1,092,273	9.250	%	$	1,180,835	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,535,333	13.00	%	$	708,876	6.00	%	$	856,559	7.250	%	N/A		N/A
Bank	$	1,514,997	12.83	%	$	708,501	6.00	%	$	678,980	7.250	%	$	944,668	8.00	%
Tier I capital (to average assets):
Company	$	1,535,333	11.80	%	$	520,617	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,514,997	11.64	%	$	520,527	4.00	%	N/A		N/A		$	650,659	5.00	%

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of December 31, 2016
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,400,246	12.10	%	$	520,917	4.50	%	$	593,267	5.125	%	N/A		N/A
Bank	$	1,475,228	12.75	%	$	520,631	4.50	%	$	592,941	5.125	%	$	752,022	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,578,690	13.64	%	$	926,076	8.00	%	$	998,425	8.625	%	N/A		N/A
Bank	$	1,557,765	13.46	%	$	925,566	8.00	%	$	997,876	8.625	%	$	1,156,957	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,496,153	12.92	%	$	694,557	6.00	%	$	766,906	6.625	%	N/A		N/A
Bank	$	1,475,228	12.75	%	$	694,174	6.00	%	$	766,484	6.625	%	$	925,566	8.00	%
Tier I capital (to average assets):
Company	$	1,496,153	11.49	%	$	520,947	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,475,228	11.33	%	$	520,903	4.00	%	N/A		N/A		$	651,129	5.00	%

53

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A)

The following discussion and analysis should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2016 and the unaudited consolidated financial statements and notes set forth elsewhere in this Quarterly Report on Form 10-Q.

GENERAL

Selected Financial Data

The following tables set forth a performance overview concerning the periods indicated and should be read in conjunction with the unaudited consolidated financial statements and notes set forth elsewhere in this Quarterly Report on Form 10-Q and the following Results of Operations and Financial Condition sections in the MD&A.

	At or for the Three Months Ended June 30,						At or for the Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands, except share and per share data)
Income Statement Data:
Interest income	$	138,533		$	83,534		$	271,276		$	166,995
Interest expense	21,713			12,470			39,551			24,324
Net interest income	116,820			71,064			231,725			142,671
Provision for loan losses	2,760			1,200			8,360			1,700
Net interest income after provision for loan losses	114,060			69,864			223,365			140,971
Noninterest income	16,115			10,707			33,718			19,482
Noninterest expense	64,037			40,348			131,736			80,397
Income before income tax provision	66,138			40,223			125,347			80,056
Income tax provision	25,451			16,833			48,450			33,043
Net income	$	40,687		$	23,390		$	76,897		$	47,013
Per Share Data:
Earnings per common share - basic	$	0.30		$	0.29		$	0.57		$	0.59
Earnings per common share - diluted	$	0.30		$	0.29		$	0.57		$	0.59
Book value per common share (period end)	$	14.09		$	12.21		$	14.09		$	12.21
Cash dividends declared per common share	$	0.12		$	0.11		$	0.24		$	0.22
Tangible book value per common share (period end) (9)	$	10.52		$	10.85		$	10.52		$	10.85
Number of common shares outstanding (period end)	135,297,678			79,606,821			135,297,678			79,606,821
Weighted average shares - basic	135,257,044			79,604,673			135,252,556			79,595,599
Weighted average shares - diluted	135,613,181			79,634,762			135,685,064			79,625,673
Tangible common equity to tangible assets	10.64		%	10.50		%	10.64		%	10.50		%
Average Balance Sheet Data:
Assets	$	13,470,745		$	8,157,358		$	13,403,609		$	8,016,649
Securities available for sale	1,609,310			1,089,080			1,588,519			1,052,972
Loans receivable and loans held for sale	10,536,428			6,457,883			10,459,527			6,363,656
Deposits	10,680,094			6,517,159			10,644,302			6,403,931
Stockholders’ equity	1,892,126			967,919			1,880,626			956,777

54

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2017			2016			2017		2016
Selected Performance Ratios:
Return on average assets (1)	1.21		%	1.15		%	1.15	%	1.17	%
Return on average stockholders’ equity (1)	8.60		%	9.67		%	8.18	%	9.83	%
Return on average tangible equity (1) (8)	11.54		%	10.88		%	11.00	%	11.08	%
Dividend payout ratio (dividends per share / earnings per share)	40.00		%	37.93		%	42.35	%	37.29	%
Efficiency ratio (2)	48.17		%	49.34		%	49.63	%	49.58	%
Net interest spread	3.42		%	3.39		%	3.46	%	3.47	%
Net interest margin (3)	3.75		%	3.67		%	3.76	%	3.75	%
	At June 30,
	2017			2016
	(Dollars in thousands)
Statement of Financial Condition Data - at Period End:
Assets	$	13,859,217		$	8,336,826
Securities available for sale	1,680,382			1,099,944
Loans receivable	10,816,419			6,584,237
Deposits	10,955,101			6,637,522
FHLB advances	793,403			610,398
Subordinated debentures	100,328			42,415
Stockholders’ equity	1,906,294			971,740
Regulatory Capital Ratios (4)
Leverage capital ratio (5)	11.80		%	11.14		%
Tier 1 risk-based capital ratio	13.00		%	12.22		%
Total risk-based capital ratio	13.70		%	13.28		%
Common equity tier 1 capital ratio (10)	12.18		%	11.66		%
Asset Quality Ratios:
Allowance for loan losses to loans receivable	0.74		%	1.16		%
Allowance for loan losses to nonaccrual loans	169.07		%	180.26		%
Allowance for loan losses to nonperforming loans (6)	78.12		%	81.84		%
Allowance for loan losses to nonperforming assets (7)	64.40		%	69.62		%
Nonaccrual loans to loans receivable	0.44		%	0.64		%
Nonperforming loans to loans receivable (6)	0.95		%	1.42		%
Nonperforming assets to loans receivable and OREO (7)	1.15		%	1.66		%
Nonperforming assets to total assets (7)	0.90		%	1.32		%

__________________________________

⁽¹⁾  Annualized.

⁽²⁾  Efficiency ratio is defined as noninterest expense divided by the sum of net interest income before provision for loan losses and noninterest income.

⁽³⁾  Net interest margin is calculated by dividing annualized net interest income by average total interest earning assets.

⁽⁴⁾  The ratios generally required to meet the definition of a “well-capitalized” institution under certain banking regulations are 5.0% leverage capital, 8.0% tier I risk-based capital, 10.0% total risk-based capital, and 6.5% common equity tier 1 capital.

⁽⁵⁾  Calculations are based on average quarterly asset balances.

⁽⁶⁾  Nonperforming loans include nonaccrual loans, loans past due 90 days or more and still accruing interest, and accruing restructured loans (excluding PCI loans).

⁽⁷⁾  Nonperforming assets consist of nonperforming loans and OREO.

⁽⁸⁾  Average tangible equity is calculated by subtracting average goodwill and average core deposit intangibles assets from average stockholders’ equity. This is a non-GAAP measure that we believe provides investors with information that is useful in understanding our financial performance and position.

55

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Net income	$	40,687		$	23,390		$	76,897		$	47,013
Average stockholders’ equity	1,892,126			$	967,919		$	1,880,626		$	956,777
Less: Average goodwill and core deposit intangible assets, net	(482,270		)	(107,916		)	(482,128		)	(108,018		)
Average tangible equity	$	1,409,856		$	860,003		$	1,398,498		$	848,759
Net income (annualized) to average tangible equity	11.54		%	10.88		%	11.00		%	11.08		%

	June 30, 2017			June 30, 2016
	(Dollars in thousands, except share data)
Total stockholders’ equity	$	1,906,294		$	971,740
Less: Goodwill and core deposit intangible assets, net	(482,324		)	(107,796		)
Tangible common equity	$	1,423,970		$	863,944
Common shares outstanding	135,297,678			79,606,821
Tangible book value per common share9	$	10.52		$	10.85

__________________________________

⁽⁹⁾ Tangible book value per common share is calculated by subtracting goodwill and core deposit intangible assets from total stockholders’ equity and dividing the difference by the number of shares of common stock outstanding. This is a non-GAAP measure that we believe provides investors with information that is useful in understanding our financial performance and position.

	June 30, 2017			June 30, 2016
	(Dollars in thousands)
Tier 1 capital	$	1,535,333		$	895,429
Less: Trust preferred securities less unamortized acquisition discount	(96,426		)	(40,991		)
Common equity tier 1 capital	$	1,438,907		$	854,438
Total risk weighted assets less disallowed allowance for loan losses	$	11,814,607		$	7,329,482
Common equity tier 1 capital ratio10	12.18		%	11.66		%

__________________________________

⁽¹⁰⁾ The Common equity tier 1 capital ratio is calculated by dividing Tier 1 capital less non-common elements, including perpetual preferred stock and related surplus, minority interest in subsidiaries, trust preferred securities and mandatory convertible preferred securities by total risk-weighted assets less the disallowed allowance for loan losses.

56

Results of Operations

The mergers of Wilshire Bancorp, Inc. (“Wilshire”) with and into BBCN Bancorp, Inc. (“BBCN”) and Wilshire Bank with and into BBCN Bank were completed on July 29, 2016, and the combined companies began operations under the new banners of Hope Bancorp, Inc. and Bank of Hope effective July 30, 2016. The 2017 first and second quarter financial results reflect full quarters of combined operations. The 2016 second quarter reflects stand-alone operations of the former BBCN. As a result, the Company’s 2017 second quarter may not be comparable to financial results for the year-ago second quarter.

Overview

Total assets increased $417.8 million from $13.44 billion at December 31, 2016 to $13.86 billion at June 30, 2017. The increase in total assets was primarily due to an increase in loans receivable of $272.4 million and an increase in securities available for sale of $123.6 million during the six months ended June 30, 2017.

Net income for the second quarter of 2017 was $40.7 million, or $0.30 per diluted common share, compared to $23.4 million, or $0.29 per diluted common share, for the same period of 2016, which was an increase of $17.3 million, or 74.0%. The increase in net income was largely due to the addition of income from assets acquired in the merger with Wilshire during the third quarter of 2016. Net interest income before provision for loan losses increased $45.8 million for the second quarter of 2017 compared to the second quarter of 2016. This increase was partially offset by an increase in noninterest expense of $23.7 million for the same period.

Net income for the six months ended June 30, 2017 was $76.9 million, or $0.57 per diluted common share, compared to $47.0 million, or $0.59 per diluted common share, for the same period of 2016, which represents an increase of $29.9 million, or 63.6%. The increase in net income was again largely due to the addition of income from the interest earning assets acquired in the merger with Wilshire.

The following table summarizes the accretion and amortization adjustments resulting from prior acquisitions that are included in net income for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Accretion of discounts on acquired performing loans	$	3,501		$	898		$	6,177		$	2,864
Accretion of discounts on purchased credit impaired loans	5,212			2,474			10,560			5,503
Amortization/accretion of premiums or discounts on low income    housing tax credit investments	(85		)	6			(169		)	12
Amortization of premiums on assumed FHLB advances	446			97			887			194
Accretion of discounts on assumed subordinated debt	(261		)	(44		)	(520		)	(88		)
Amortization of premiums on assumed time deposits    and savings	1,218			19			4,694			43
Amortization of core deposit intangibles	(676		)	(212		)	(1,352		)	(425		)
Total	$	9,355		$	3,238		$	20,277		$	8,103

The annualized return on average assets was 1.21% for the second quarter of 2017 compared to 1.15% for the same period of 2016. The annualized return on average stockholders’ equity was 8.60% for the second quarter of 2017 compared to 9.67% for the same period of 2016. The efficiency ratio was 48.17% for the second quarter of 2017 compared to 49.34% for the same period of 2016.

The annualized return on average assets was 1.15% for the six months ended June 30, 2017, compared to 1.17% for the same period of 2016. The annualized return on average stockholders' equity was 8.18% for the six months ended June 30, 2017 compared to 9.83% for the same period of 2016. The efficiency ratio was 49.63% for the six months ended June 30, 2017 compared to 49.58% for the same period of 2016.

57

Net Interest Income and Net Interest Margin

Net Interest Income

A principal component of our earnings is net interest income, which is the difference between the interest and fees earned on loans and investments and the interest paid on deposits and borrowed funds. Net interest income expressed as a percentage of average interest earning assets is referred to as the net interest margin. The net interest spread is the yield on average interest earning assets less the cost of average interest bearing liabilities. Net interest income is affected by changes in the balances of interest earning assets and interest bearing liabilities and changes in the yields earned on interest earning assets and the rates paid on interest bearing liabilities.

Comparison of Three Months Ended June 30, 2017 with the Three Months Ended June 30, 2016

Net interest income before provision for loan losses was $116.8 million for the second quarter of 2017, compared to $71.1 million for the same period of 2016, an increase of $45.7 million, or 64.4%. The increase in net interest income was due largely to interest earning assets acquired from Wilshire in the merger, which closed during the third quarter of 2016.

Interest income for the second quarter of 2017 was $138.5 million, an increase of $55.0 million, or 65.8%, compared to $83.5 million for the same period of 2016. The increase in interest income was primarily attributable to the increase in loans and investments resulting from the merger with Wilshire.

Interest expense for the second quarter of 2017 was $21.7 million, an increase of $9.2 million, or 74.1% compared to $12.5 million for the same period of 2016. The increase in interest expense was primarily due to the acquisition of deposits and borrowings from the merger with Wilshire.

Comparison of Six Months Ended June 30, 2017 with the Six Months Ended June 30, 2016

Net interest income before provision for loan losses was $231.7 million for the six months ended June 30, 2017, compared to $142.7 million for the same period of 2016, an increase of $89.0 million, or 62.4%. The increase in net interest income was due largely to interest earning assets acquired from Wilshire in the merger.

Interest income for the six months ended June 30, 2017 was $271.3 million, an increase of $104.3 million, or 62.5%, compared to $167.0 million for the same period of 2016. The increase in interest income was primarily attributable to the increase in loans and investments resulting from the merger with Wilshire.

Interest expense for the six months ended June 30, 2017 was $39.6 million, an increase of $15.3 million, or 62.6% compared to $24.3 million for the same period of 2016. The increase in interest expense was primarily due to the acquisition of deposits and borrowings from the merger with Wilshire.

Net Interest Margin

Our net interest margin is impacted by the weighted average rates we earn on interest earning assets and pay on interest bearing liabilities and the effect of acquisition accounting adjustments. The net interest margin for the second quarter of 2017 was 3.75%, an increase of 8 basis points from 3.67% for the same period of 2016. Net interest margin for the six months ended June 30, 2017 was 3.76%, an increase of 1 basis point from 3.75% for the same period of 2016.

The weighted average yield on loans increased to 4.89% for the second quarter of 2017 from 4.80% for the second quarter of 2016. The weighted average yield on loans was 4.85% for the six months ended June 30, 2017 compared to 4.87% for the six months ended June 30, 2016. The change in loan yields for periods in 2017 compared to periods in 2016 was due to a combination of the impact of acquired loan discount accretion in connection with the merger with Wilshire and the rise in interest rates in 2017.

The weighted average yield on securities available for sale for the second quarter of 2017 was 2.18% compared to 2.10% for the same period of 2016. The weighted average yield on securities available for sale for the six months ended June 30, 2017 was 2.14% compared to 2.17% for the six months ended June 30, 2016. The increase in weighted average yield on securities available for sale for the second quarter of 2017 compared to the same period of 2016 was due to the purchase of $150.3 million in investment securities at an average rate of 2.62% during the second quarter of 2017. The decrease in weighted average yield for six months ended June 30, 2017 compared to the six months ended June 30, 2016 was primarily attributable to the inclusion of the investment portfolio acquired from Wilshire, which had a lower average fair value yield compared to the Company’s investment portfolio prior to the merger.

58

The weighted average cost of deposits for the second quarter of 2017 was 0.68%, an increase of 4 basis points from 0.64% for the same period of 2016. The weighted average cost of deposits for the six months ended June 30, 2017 was 0.62% compared to 0.64% for the six months ended June 30, 2016. The premiums recorded for time and savings deposits acquired from Wilshire were fully amortized at the end of April 2017. The reduction in Wilshire premium amortizations in addition to the increase in interest rates in 2017 resulted in an increase in the weighted average cost of deposits for the second quarter of 2017 compared to the same period of 2016. The reduction in premium amortizations did not have as great an impact on the weighted average cost of deposits for the six months ended June 30, 2017, which experienced a decline of 2 basis points compared to the weighted average cost of deposits for the six months ended June 30, 2016.

The weighted average cost of FHLB advances for the second quarter of 2017 was 1.31%, an increase of 11 basis points from 1.20% for the same period of 2016. The weighted average cost of FHLB advances for the six months ended June 30, 2017 was 1.31%, an increase of 13 basis points from 1.18% for the six months ended June 30, 2016. The increase in cost of FHLB advances was due to the increase in FHLB advance rates stemming from the increase in overall interest rates.

The following table presents our consolidated average balance sheet information, together with interest rates earned and paid on the various sources and uses of funds for the periods indicated:

	Three Months Ended June 30, 2017						Three Months Ended June 30, 2016
	Average Balance		Interest Income/ Expense		Average Yield/ Rate*		Average Balance		Interest Income/ Expense		Average Yield/ Rate*
	(Dollars in thousands)
INTEREST EARNINGS ASSETS:
Loans(1) (2)	$	10,536,428	$	128,515	4.89	%	$	6,457,883	$	77,086	4.80	%
Securities available for sale(3)	1,609,310		8,741		2.18	%	1,089,080		5,729		2.10	%
FRB and FHLB stock and other investments	364,906		1,277		1.40	%	237,872		719		1.20	%
Total interest earning assets	12,510,644		138,533		4.44	%	7,784,835		83,534		4.32	%
Total noninterest earning assets	960,101						372,523
Total assets	$	13,470,745					$	8,157,358
INTEREST BEARING LIABILITIES:
Deposits:
Demand, interest bearing	$	3,457,412	$	7,974	0.93	%	$	2,030,272	$	4,147	0.82	%
Savings	280,188		279		0.40	%	178,249		285		0.64	%
Time deposits	4,012,838		9,861		0.99	%	2,636,652		5,920		0.90	%
Total interest bearing deposits	7,750,438		18,114		0.94	%	4,845,173		10,352		0.86	%
FHLB advances	713,858		2,338		1.31	%	564,637		1,686		1.20	%
Other borrowings	96,218		1,261		5.18	%	40,861		432		4.18	%
Total interest bearing liabilities	8,560,514		21,713		1.02	%	5,450,671		12,470		0.92	%
Noninterest bearing liabilities and equity:
Noninterest bearing demand deposits	2,929,656						1,671,986
Other liabilities	88,449						66,782
Stockholders’ equity	1,892,126						967,919
Total liabilities and stockholders’ equity	$	13,470,745					$	8,157,358
Net interest income/net interest spread			$	116,820	3.42	%			$	71,064	3.39	%
Net interest margin					3.75	%					3.67	%
Cost of deposits					0.68	%					0.64	%

__________________________________

* Annualized

⁽¹⁾  Interest income on loans includes loan fees.

59

⁽²⁾  Average balances of loans consist of loans receivable and loans held for sale.

⁽³⁾  Interest income and yields are not presented on a tax-equivalent basis.

	Six Months Ended June 30, 2017						Six Months Ended June 30, 2016
	Average Balance		Interest Income/ Expense		Average Yield/ Rate *		Average Balance		Interest Income/ Expense		Average Yield/ Rate *
	(Dollars in thousands)
INTEREST EARNINGS ASSETS:
Loans(1) (2)	$	10,459,527	$	251,809	4.85	%	$	6,363,656	$	154,204	4.87	%
Securities available for sale(3)	1,588,519		16,854		2.14	%	1,052,972		11,406		2.17	%
FRB and FHLB stock and other investments	394,267		2,613		1.34	%	227,460		1,385		1.20	%
Total interest earning assets	12,442,313		271,276		4.40	%	7,644,088		166,995		4.39	%
Total noninterest earning assets	961,296						372,561
Total assets	$	13,403,609					$	8,016,649
INTEREST BEARING LIABILITIES:
Deposits:
Demand, interest bearing	$	3,447,254	$	15,164	0.89	%	$	1,999,454	$	8,151	0.82	%
Savings	286,862		567		0.40	%	182,356		651		0.72	%
Time deposits	4,011,019		16,894		0.85	%	2,571,346		11,457		0.90	%
Total interest bearing deposits	7,745,135		32,625		0.85	%	4,753,156		20,259		0.86	%
FHLB advances	688,307		4,477		1.31	%	548,421		3,209		1.18	%
Other borrowings	96,065		2,449		5.07	%	40,837		856		4.14	%
Total interest bearing liabilities	8,529,507		39,551		0.94	%	5,342,414		24,324		0.92	%
Noninterest bearing liabilities and equity:
Noninterest bearing demand deposits	2,899,167						1,650,775
Other liabilities	94,309						66,683
Stockholders’ equity	1,880,626						956,777
Total liabilities and stockholders’ equity	$	13,403,609					$	8,016,649
Net interest income/net interest spread			$	231,725	3.46	%			$	142,671	3.47	%
Net interest margin					3.76	%					3.75	%
Cost of deposits					0.62	%					0.64	%

__________________________________

* Annualized

⁽¹⁾  Interest income on loans includes loan fees.

⁽²⁾  Average balances of loans consist of loans receivable and loans held for sale.

⁽³⁾  Interest income and yields are not presented on a tax-equivalent basis.

60

Changes in net interest income are a function of changes in interest rates and volumes of interest earning assets and interest bearing liabilities. The following table sets forth information regarding the changes in interest income and interest expense for the periods indicated. The total change for each category of interest earning assets and interest bearing liabilities is segmented into the change attributable to variations in volume (changes in volume multiplied by the old rate) and the change attributable to variations in interest rates (changes in rates multiplied by the old volume). Nonaccrual loans are included in average loans used to compute this table.

	Three Months Ended June 30, 2017 over June 30, 2016
	Net Increase (Decrease)
				Change due to
				Rate			Volume
	(Dollars in thousands)
INTEREST INCOME:
Loans, including fees	$	51,429		$	1,504		$	49,925
Securities	3,012			230			2,782
Interest bearing deposits in other banks and other investments	558			137			421
Total interest income	$	54,999		$	1,871		$	53,128
INTEREST EXPENSE:
Demand, interest bearing	$	3,827		$	582		$	3,245
Savings	(6		)	(133		)	127
Time deposits	3,941			588			3,353
FHLB advances	652			171			481
Other borrowings	829			125			704
Total interest expense	$	9,243		$	1,333		$	7,910
NET INTEREST INCOME	$	45,756		$	538		$	45,218

	Six Months Ended June 30, 2017 over June 30, 2016
	Net Increase (Decrease)
				Change due to
				Rate			Volume
	(Dollars in thousands)
INTEREST INCOME:
Loans, including fees	$	97,605		$	(579	)	$	98,184
Securities	5,448			(154		)	5,602
Interest bearing deposits in other banks and other investments	1,228			160			1,068
Total interest income	$	104,281		$	(573	)	$	104,854
INTEREST EXPENSE:
Demand, interest bearing	$	7,013		$	714		$	6,299
Savings	(84		)	(362		)	278
Time deposits	5,437			(626		)	6,063
FHLB advances	1,268			393			875
Other borrowings	1,593			228			1,365
Total interest expense	$	15,227		$	347		$	14,880
NET INTEREST INCOME	$	89,054		$	(920	)	$	89,974

61

Provision for Loan Losses

The provision for loan losses reflects management’s judgment of the current period cost associated with credit risk inherent in our loan portfolio. The loan loss provision for each period is dependent upon many factors, including loan growth, net charge offs, changes in the composition of the loan portfolio, delinquencies, assessments by management and third parties, regulators’ examination of the loan portfolio, the value of the underlying collateral for problem loans and the general economic conditions in our market areas. Specifically, the provision for loan losses represents the amount charged against current period earnings to achieve an allowance for loan losses that, in management’s judgment, is adequate to absorb probable incurred losses inherent in our loan portfolio. Periodic fluctuations in the provision for loan losses result from management’s assessment of the adequacy of the allowance for loan losses; however, actual loan losses may vary in material and adverse respects from current estimates. If the allowance for loan losses is inadequate, it may have a material adverse effect on our financial condition and results of operations.

The provision for loan losses for the second quarter of 2017 was $2.8 million, an increase of $1.6 million from $1.2 million for the same period last year. The provision for loan losses for the six months ended June 30, 2017 was $8.4 million, an increase of $6.7 million from $1.7 million for the six months ended June 30, 2016. The increase in provision for loan losses for periods in 2017 compared to periods in 2016 was primarily due to an increase in charge offs during the six months ended June 30, 2017 which led to an increase in loss rates used in our allowance calculation. The increase in charge offs was due primarily to one customer relationship that had loans that were charged off during the first quarter of 2017.

See Financial Condition section of this MD&A for additional information and further discussion.

Noninterest Income

Noninterest income is primarily comprised of service fees on deposit accounts, fees received on trade finance letters of credit, loan servicing fees, wire transfer fees, net gains on sales of loans, and other income. Noninterest income for the second quarter of 2017 was $16.1 million compared to $10.7 million for the same quarter of 2016, an increase of $5.4 million, or 50.5%. Noninterest income for the six months ended June 30, 2017 was $33.7 million compared to $19.5 million for the six months ended June 30, 2016, an increase of $14.2 million, or 73.1%.

Noninterest income by category is summarized in the table below:

	Three Months Ended June 30,				Increase
	2017		2016		Amount		Percent (%)
	(Dollars in thousands)
Service fees on deposit accounts	$	5,179	$	2,902	$	2,277	78.5	%
International service fees	1,119		816		303		37.1	%
Loan servicing fees, net	1,291		589		702		119.2	%
Wire transfer fees	1,343		893		450		50.4	%
Net gains on sales of SBA loans	3,267		3,035		232		7.6	%
Net gains on sales of other loans	352		43		309		718.6	%
Other income and fees	3,564		2,429		1,135		157.7	%
Total noninterest income	$	16,115	$	10,707	$	5,408	50.5	%
	Six Months Ended June 30,				Increase
	2017		2016		Amount		Percent (%)
	(Dollars in thousands)
Service fees on deposit accounts	$	10,517	$	5,585	$	4,932	88.3	%
International service fees	2,227		1,591		636		40.0	%
Loan servicing fees, net	2,729		1,280		1,449		113.2	%
Wire transfer fees	2,529		1,807		722		40.0	%
Net gains on sales of SBA loans	6,517		4,860		1,657		34.1	%
Net gains on sales of other loans	772		43		729		1,695.3	%
Other income and fees	8,427		4,316		4,111		95.3	%
Total noninterest income	$	33,718	$	19,482	$	14,236	73.1	%

62

The increase in noninterest income for the second quarter of 2017 compared to the second quarter of 2016 was largely due to an increase in service fees on deposit accounts of $2.3 million, an increase in loan servicing fees of $702 thousand, and an increase in other income and fees of $1.1 million. The increase in service fees on deposits accounts and loan servicing fees was primarily due to the increase in deposits accounts and the increase in loans previously sold with servicing, respectively, that were acquired in the merger with Wilshire. The increase in other income and fees was largely due to recoveries recorded on previously charged off loans that were acquired in the merger with Wilshire as well as from other transactions.

The increase in noninterest income for the six months ended June 30, 2017 compared to the six months ended June 30, 2016 was largely due to an increase in service fees on deposit accounts of $4.9 million, an increase in loan servicing fees of $1.4 million, an increase in gain on sale of SBA and other loans of $2.4 million, and an increase in other income and fees of $4.1 million. The increase in service fees on deposit accounts and the increase in loan servicing fees was primarily due to the increase in deposits accounts and the increase in loans previously sold with servicing, respectively, that were acquired from the merger with Wilshire. Gain on sale of SBA and other loans increased due to increase in total SBA and mortgage loans sold in the first half of 2017 compared to the first half of 2016. During the six months ended June 30, 2017, the Company sold $91.0 million and $40.1 million, in SBA loans and mortgage loans, respectively. During the six months ended June 30, 2016, the Company sold $63.4 million and $2.8 million, in SBA loans and mortgage loans, respectively. The increase in other income and fees was largely due to recoveries recorded on previously charged off loans that were acquired from Wilshire and other transactions.

The merger with Wilshire during the third quarter of 2016, resulted in an increase in all noninterest income line items for the three and six months ended June 30, 2017 compared to the three and six months ended June 30, 2016.

Noninterest Expense

Noninterest expense for the second quarter of 2017 was $64.0 million, an increase of $23.7 million, or 58.7%, from $40.3 million for the same period of 2016. Noninterest expense for the six months ended June 30, 2017 was $131.7 million, an increase of $51.3 million, or 63.9%, from $80.4 million for the six months ended June 30, 2016.

The breakdown of changes in noninterest expense by category is shown in the following table:

63

	Three Months Ended June 30,				Increase (Decrease)
	2017		2016		Amount			Percent (%)
	(Dollars in thousands)
Salaries and employee benefits	$	34,946	$	21,757	$	13,189		60.6	%
Occupancy	7,154		4,920		2,234			45.4	%
Furniture and equipment	3,556		2,337		1,219			52.2	%
Advertising and marketing	2,394		1,402		992			70.8	%
Data processing and communications	2,676		2,129		547			25.7	%
Professional fees	3,260		1,273		1,987			156.1	%
Investments in affordable housing partnership expenses	3,055		271		2,784			1,027.3	%
FDIC assessment	1,004		1,095		(91		)	(8.3	)%
Credit related expenses	113		911		(798		)	(87.6	)%
OREO expense, net	1,188		133		1,055			793.2	%
Merger and integration expenses	562		1,533		(971		)	(63.3	)%
Other	4,129		2,587		1,542			59.6	%
Total noninterest expense	$	64,037	$	40,348	$	23,689		58.7	%
	Six Months Ended June 30,				Increase (Decrease)
	2017		2016		Amount			Percent (%)
	(Dollars in thousands)
Salaries and employee benefits	$	69,112	$	43,326	$	25,786		59.5	%
Occupancy	14,348		9,737		4,611			47.4	%
Furniture and equipment	6,969		4,624		2,345			50.7	%
Advertising and marketing	5,818		2,538		3,280			129.2	%
Data processing and communications	6,282		4,300		1,982			46.1	%
Professional fees	7,162		2,356		4,806			204.0	%
Investments in affordable housing partnership expenses	5,216		676		4,540			671.6	%
FDIC assessment	2,014		2,133		(119		)	(5.6	)%
Credit related expenses	1,996		1,332		664			49.8	%
OREO expense, net	2,185		1,561		624			40.0	%
Merger and integration expenses	1,509		2,740		(1,231		)	(44.9	)%
Other	9,125		5,074		4,051			79.8	%
Total noninterest expense	$	131,736	$	80,397	$	51,339		63.9	%

The increase in noninterest expense for the three and six months ended June 30, 2017 compared to the three and six months ended June 30, 2016 was due to the increase in salaries and employee benefits, occupancy, furniture and equipment, advertising and marketing, professional fees, loss on investments in affordable housing partnerships, and other noninterest expenses. The overall increase in these expenses for periods in 2017 compared to periods in 2016 was due to the merger with Wilshire which resulted in additional expenditures in most expense categories.

Salaries and employee benefits expense increased $13.2 million during the second quarter of 2017 compared to the same period in 2016 and increased $25.8 million for the first half of 2017 compared to the first half of 2016. The increase in salaries and employee benefits expense for three and six months ended June 30, 2017 compared to the three and six months ended June 30, 2016 was due to an increase in the number of full-time equivalent employees primarily as a result of the merger with Wilshire. The number of full-time equivalent employees increased from 918 at June 30, 2016 to 1,378 at June 30, 2017.

The increase in occupancy expense and furniture and equipment expense for the three and six months ended June 30, 2017 compared to the three and six months ended June 30, 2016 was due to additional branches acquired from the merger with Wilshire. During the first half of 2017, the Company consolidated nine branches as part of its second phase consolidation plan. Occupancy expenses for the three and six months ended June 30, 2017 included a portion of the savings from the branch consolidations. At June 30, 2017, total future lease commitments totaled $52.1 million with the last of the commitments ending in 2030.

64

Advertising and marketing expense experienced increases for periods in 2017 compared to periods in 2016 due to an increase in advertising and marketing to promote the Company’s name change and new brand subsequent to the merger with Wilshire. Advertising and marketing expense for the six months ended June 30, 2017 included $1.5 million in sponsorship fees paid to sponsor the Ladies Professional Golf Association (“LPGA”) Bank of Hope Founders Cup event in March 2017. This was the first year that the Company sponsored the LPGA event.

The increase in professional fees for the three and six months ended June 30, 2017 compared to the three and six months ended June 30, 2016 was due to an increase in external auditor fees and legal fees. The increase in legal fees for periods in 2017 compared to periods in 2016 was due mostly to fees related to the pending merger with U & I Financial Corp.

Investments in affordable housing partnership expenses are recorded based on financial statements of the investment projects. The Company makes investments in affordable housing partnerships to received Community Reinvestment Act credit and to receive tax credits which reduces the Company’s overall tax provision rate. Investments in affordable housing partnership expenses are based on the performance of the underlying investment. The Company receives updated financial information for its affordable housing partnerships investments and records losses based on the performance of the investment. These losses will eventually be offset as tax credits which lowers the Company’s tax provision expense. Investments in affordable housing partnerships increased from $24.0 million at June 30, 2016, to $91.3 million at June 30, 2017, due to investments acquired from Wilshire and additional investments funded in 2017.

Other noninterest expense increased $1.5 million for the second quarter of 2017 compared to the same period in 2016, and increased $4.1 million for the six months ended June 30, 2017 compared to the six months ended June 30, 2016, mostly due to additional expenses that were recorded as result of the merger with Wilshire.

Total assets increased 66% at June 30, 2017 compared to June 30, 2016 largely due to the merger with Wilshire, which increase is comparable with the increase in noninterest expense of 59% for the three month ended June 30, 2017 compared to the same period of the prior year, and the increase in noninterest expense of 64% for the six months ended June 30, 2017 compared to the same period of the prior year.

Merger and integration expenses for the second quarter of 2017 consisted of $538 thousand in expenses related to the acquisition of Wilshire and $24 thousand in expenses related to other former acquisitions. Merger and integration expenses for the six months ended June 30, 2017 consisted of $939 thousand in expenses related to the acquisition of Wilshire, $522 thousand in expenses related to the pending acquisition of U & I, and $48 thousand in expenses related to other former acquisitions.

Provision for Income Taxes

Income tax provision expense was $25.5 million and $16.8 million for the quarters ended June 30, 2017 and 2016, respectively. The effective income tax rates were 38.48% and 41.84% for the quarters ended June 30, 2017 and 2016, respectively. Income tax provision expense was $48.5 million and $33.0 million for the six months ended June 30, 2017 and 2016, respectively. The effective income tax rates for the six months ended June 30, 2017 and 2016 were 38.65% and 41.28%, respectively.

The decrease in tax rate was due to the increase in affordable housing partnership tax credits for the three and six months ended June 30, 2017 compared to the same periods of the prior year.

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Financial Condition

At June 30, 2017, our total assets were $13.86 billion, an increase of $417.8 million, or 3.1% from $13.44 billion at December 31, 2016. The increase in assets was due to an increase in loans receivable and investment securities available for sale.

Investment Securities Portfolio

As of June 30, 2017, we had $1.68 billion in available for sale securities compared to $1.56 billion at December 31, 2016. The net unrealized loss on the available for sale securities at June 30, 2017 was $17.6 million compared to a net unrealized loss on securities of $25.6 million at December 31, 2016.

During the six months ended June 30, 2017, $245.2 million in securities were purchased, $115.4 million in collateralized mortgage obligations or mortgage-backed securities were paid down, and there were $9.0 million in maturities. During the same period last year, $155.4 million in securities were purchased and $85.1 million in collateralized mortgage obligations or mortgage-backed securities were paid down.

Investments in Affordable Housing Partnerships

At June 30, 2017 we had $91.3 million in investments in affordable housing partnerships compared to $70.1 million at December 31, 2016. The increase in investments in affordable housing partnerships was due to additional commitments entered into during the six months ended June 30, 2017 totaling $26.5 million less losses and amortization recorded on these investments. Commitments to fund investments in affordable housing partnerships totaled $43.9 million at June 30, 2017 compared to $24.4 million at December 31, 2016.

Loan Portfolio

As of June 30, 2017, loans outstanding totaled $10.82 billion, an increase of $273.1 million from $10.54 billion at December 31, 2016. The following table summarizes our loan portfolio by amount and percentage of total loans outstanding in each major loan category at the dates indicated:

	June 30, 2017					December 31, 2016
	Amount			Percent (%)		Amount			Percent (%)
Loan portfolio composition				(Dollars in thousands)
Real estate loans:
Residential	$	60,544		1	%	$	57,884		1	%
Commercial	8,065,057			74	%	7,842,573			75	%
Construction	306,794			3	%	254,113			2	%
Total real estate loans	8,432,395			78	%	8,154,570			78	%
Commercial business	1,744,103			16	%	1,832,021			17	%
Trade finance	181,400			2	%	154,928			1	%
Consumer and other	460,446			4	%	403,470			4	%
Total loans outstanding	10,818,344			100	%	10,544,989			100	%
Deferred loan fees, net	(1,925		)			(1,657		)
Loans receivable	10,816,419					10,543,332
Allowance for loan losses	(80,074		)			(79,343		)
Loans receivable, net of allowance for loan losses	$	10,736,345				$	10,463,989

Real estate secured, trade finance, and consumer and other loans increased from December 31, 2016 to June 30, 2017 while commercial business loans experienced a decline. The decline in commercial business loans from December 31, 2016 to June 30, 2017 was primarily due to the $99.2 million decrease in warehouse lines of credit.

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We normally do not extend lines of credit or make loan commitments to business customers for periods in excess of one year. We use the same credit policies in making commitments and conditional obligations as we do for providing loan facilities to our customers. We perform annual reviews of such commitments prior to renewal.

The following table shows our loan commitments and letters of credit outstanding at the dates indicated:

	June 30, 2017		December 31, 2016
	(Dollars in thousands)
Commitments to extend credit	$	1,567,393	$	1,592,221
Standby letters of credit	75,941		63,753
Other commercial letters of credit	67,202		52,125
	$	1,710,536	$	1,708,099

Nonperforming Assets

Nonperforming assets, which consist of nonaccrual loans, loans 90 days or more past due and on accrual status, accruing restructured loans and OREO, totaled $124.3 million at June 30, 2017 compared to $111.2 million at December 31, 2016. The ratio of nonperforming assets to loans receivable and OREO was 1.15% and 1.05% at June 30, 2017 and December 31, 2016, respectively.

The following table summarizes the composition of our nonperforming assets as of the dates indicated.

	June 30, 2017			December 31, 2016
	(Dollars in thousands)
Nonaccrual loans (1)	$	47,361		$	40,074
Loans 90 days or more days past due, still accruing	1,850			305
Accruing restructured loans	53,290			48,874
Total nonperforming loans	102,501			89,253
OREO	21,839			21,990
Total nonperforming assets	$	124,340		$	111,243
Nonaccrual loans:
Legacy Portfolio	$	36,842		$	28,944
Acquired Portfolio	10,519			11,130
Total nonaccrual loans	$	47,361		$	40,074
Nonperforming loans:
Legacy Portfolio	$	88,147		$	74,890
Acquired Portfolio	14,354			14,363
Total nonperforming loans	$	102,501		$	89,253
Nonperforming loans to loans receivable	0.95		%	0.85		%
Nonperforming assets to loans receivable and OREO	1.15		%	1.05		%
Nonperforming assets to total assets	0.90		%	0.83		%
Allowance for loan losses to nonperforming loans	78.12		%	88.90		%
Allowance for loan losses to nonperforming assets	64.40		%	71.32		%

__________________________________

⁽¹⁾  Nonaccrual loans exclude the guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.5 million and $15.9 million as of June 30, 2017 and December 31, 2016, respectively.

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Allowance for Loan Losses

The allowance for loan and lease losses (“ALLL”) was $80.1 million at June 30, 2017 compared to $79.3 million at December 31, 2016. The ALLL was 0.74% of loans receivable at June 30, 2017, and 0.75% at December 31, 2016. The ALLL coverage ratio does not include discount on acquired loans. The ALLL impaired loan reserves increased to $9.0 million at June 30, 2017 from $7.4 million at December 31, 2016.

The following table reflects our allocation of the ALLL by loan type and the ratio of each loan segment to total loans as of the dates indicated:

	Allocation of Allowance for Loan Losses
	June 30, 2017						December 31, 2016
	Allowance for Loan Losses		Loans Receivable*		Percent of Allowance to Loans Receivable		Allowance for Loan Losses		Loans Receivable*		Percent of Allowance to Loans Receivable
	(Dollars in thousands)
Loan Type
Real estate - residential	$	171	$	60,544	0.28	%	$	209	$	57,884	0.36	%
Real estate - commercial	51,902		8,065,057		0.64	%	49,917		7,842,573		0.64	%
Real estate - construction	1,816		306,794		0.59	%	1,621		254,113		0.64	%
Commercial business	22,786		1,744,103		1.31	%	23,547		1,832,021		1.29	%
Trade finance	1,106		181,400		0.61	%	1,897		154,928		1.22	%
Consumer and other	2,293		460,446		0.50	%	2,152		403,470		0.53	%
Total	$	80,074	$	10,818,344	0.74	%	$	79,343	$	10,544,989	0.75	%

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^*  Held-for-sale loans of $16.9 million and $22.8 million at June 30, 2017 and December 31, 2016, respectively, were excluded from the total.

For a better understanding of the changes in the ALLL, the loan portfolio has been segmented for disclosures purposes between loans which are accounted for under the amortized cost method (Legacy Loans) and loans acquired from acquisitions (Acquired Loans). Acquired Loans have been further segregated between Purchase Credit Impaired Loans (loans with credit deterioration at the time they were acquired and accounted for under ASC 310-30, or “PCI loans”) and performing loans (loans that were pass graded at the time they were acquired, or “non-PCI loans”). The activity in the ALLL for the three months ended June 30, 2017 is as follows:

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				Acquired Loans(2)
Three Months Ended June 30, 2017	Legacy Loans (1)			PCI Loans			Non-PCI Loans			Total
	(Dollars in thousands)
Balance, beginning of period	$	64,054		$	12,136		$	2,469		$	78,659
Provision (credit) for loan losses	2,545			(70		)	285			2,760
Loans charged off	(2,086		)	—			(36		)	(2,122		)
Recoveries of loan charge offs	742			—			35			777
Balance, end of period	$	65,255		$	12,066		$	2,753		$	80,074
Total loans outstanding	$	7,522,251		$	246,657		$	3,049,436		$	10,818,344
Allowance coverage ratio	0.87		%	4.89		%	0.09		%	0.74		%
Net loan charge offs to beginning allowance	2.10		%	—		%	0.04		%	1.71		%
Net loan charge offs to provision for loan losses	52.81		%	—		%	0.35		%	48.73		%
				Acquired Loans (2)
Six Months Ended June 30, 2017	Legacy Loans (1)			PCI Loans			Non-PCI Loans			Total
	(Dollars in thousands)
Balance, beginning of period	$	66,399		$	12,130		$	814		$	79,343
Provision (credit) for loan losses	6,254			(64		)	2,170			8,360
Loans charged off	(8,285		)	—			(442		)	(8,727		)
Recoveries of loan charge offs	887			—			211			1,098
Balance, end of period	$	65,255		$	12,066		$	2,753		$	80,074
Total loans outstanding	$	7,522,251		$	246,657		$	3,049,436		$	10,818,344
Loss coverage ratio	0.87		%	4.89		%	0.09		%	0.74		%
Net loan charge offs to beginning allowance	11.14		%	—		%	28.38		%	9.62		%
Net loan charge offs to provision for loan losses	118.29		%	—		%	10.65		%	91.26		%

__________________________________

⁽¹⁾  Legacy Loans includes Acquired Loans that have been renewed or refinanced subsequent to the acquisition date.

⁽²⁾  Acquired loans were marked to fair value at the acquisition date and provisions for loan losses reflect credit deterioration subsequent to the acquisition date.

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The following table shows the provisions made for loan losses, the amount of loans charged off and the recoveries on loans previously charged off, together with the balance in the ALLL at the beginning and end of each period, the amount of average and loans receivable outstanding, and certain other ratios as of the dates and for the periods indicated:

	At or for the Three Months Ended June 30,						At or for the Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
LOANS:
Average loans, including loans held for sale	$	10,536,428		$	6,457,883		$	10,459,527		$	6,363,656
Loans receivable	$	10,816,419		$	6,584,237		$	10,816,419		$	6,584,237
ALLOWANCE:
Balance, beginning of period	$	78,659		$	76,856		$	79,343		$	76,408
Less loan charge offs:
Real estate - commercial	(873		)	(207		)	(2,363		)	(342		)
Commercial business	(480		)	(2,038		)	(3,740		)	(2,659		)
Trade finance	(528		)	—			(2,104		)	—
Consumer and other	(241		)	(50		)	(520		)	(115		)
Total loan charge offs	(2,122		)	(2,295		)	(8,727		)	(3,116		)
Plus loan recoveries:
Real estate - commercial	43			177			89			701
Commercial business	728			400			1,000			642
Trade Finance	4			—			4			—
Consumer and other	2			87			5			90
Total loans recoveries	777			664			1,098			1,433
Net loan charge offs	(1,345		)	(1,631		)	(7,629		)	(1,683		)
Provision for loan losses	2,760			1,200			8,360			1,700
Balance, end of period	$	80,074		$	76,425		$	80,074		$	76,425
Net loan charge offs to average loans, including loans held for sale*	0.05		%	0.10		%	0.29		%	0.11		%
Allowance for loan losses to loans receivable at end of period	0.74		%	1.16		%	0.74		%	1.16		%
Net loan charge offs to allowance*	6.72		%	8.54		%	38.11		%	8.81		%
Net loan charge offs to provision for loan losses	48.73		%	135.92		%	91.26		%	99.00		%

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* Annualized

We believe the ALLL as of June 30, 2017 was adequate to absorb probable incurred losses in the loan portfolio. However, no assurance can be given that actual losses will not exceed the estimated amounts, and if actual losses exceed the estimated amounts it could have a material and adverse effect on our financial condition and results of operations.

At June 30, 2017, the Company had $101.8 million in remaining discount on loans acquired from previous transactions compared to $110.8 million at December 31, 2016.

Deposits and Other Borrowings

Deposits

Deposits are our primary source of funds used in our lending and investment activities. At June 30, 2017, deposits increased $313.1 million, or 2.9%, to $10.96 billion from $10.64 billion at December 31, 2016. The increase in deposits was primarily due to an increase in demand deposits and money market accounts.

At June 30, 2017, 27.5% of total deposits were noninterest bearing demand deposits, 37.5% were time deposits, and 35.0% were interest bearing demand and savings deposits. At December 31, 2016, 27.3% of total deposits were noninterest bearing demand deposits, 37.9% were time deposits, and 34.8% were interest bearing demand and savings deposits.

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At June 30, 2017, we had $814.7 million in brokered deposits and $300.0 million in California State Treasurer deposits compared to $724.7 million in brokered deposits and $300.0 million in California State Treasurer deposits at December 31, 2016. The California State Treasurer deposits had three-month maturities with a weighted average interest rate of 0.64% at June 30, 2017 and were collateralized with securities with a carrying value of $342.3 million. Time deposits of $250 thousand or more at June 30, 2017 totaled $1.58 billion compared to $1.55 billion at December 31, 2016.

The following is a schedule of certificates of deposit maturities as of June 30, 2017:

	Balance		Percent (%)
	(Dollars in thousands)
Three months or less	$	1,281,047	31	%
Over three months through six months	821,633		20	%
Over six months through nine months	760,153		19	%
Over nine months through twelve months	808,436		20	%
Over twelve months	428,618		10	%
Total time deposits	$	4,099,887	100	%

Other Borrowings

From time to time we utilize FHLB advances as a secondary source of funds. FHLB advances are typically secured by a pledge of commercial real estate loans and/or securities with a market value at least equal to the outstanding advances plus our investment in FHLB stock.

At June 30, 2017, FHLB advances totaled $793.4 million with average remaining maturities of 1.9 years compared to $754.3 million with average remaining maturities of 2.2 years at December 31, 2016. Total FHLB advances included $3.4 million in premiums recorded from prior acquisitions at June 30, 2017 compared to $4.3 million in premiums at December 31, 2016.

Subordinated debentures totaled $100.3 million at June 30, 2017 and $99.8 million at December 31, 2016. The Trust Preferred Securities accrue and pay distributions periodically at specified annual rates as provided in the related indentures for the securities. The trusts used the net proceeds from their respective offerings to purchase a like amount of subordinated debentures (the “Debentures”) issued by us. The Debentures are the sole assets of the trusts. Our obligations under the Debentures and related documents, taken together, constitute a full and unconditional guarantee by us of the obligations of the trusts. The Trust PreferredSecurities are mandatorily redeemable upon the maturity of the Debentures, or upon earlier redemption as provided in the indentures. We have the right to redeem the Debentures in whole (but not in part) on or after specific dates, at a redemption price specified in the indentures plus any accrued but unpaid interest to the redemption date.

Off-Balance-Sheet Activities and Contractual Obligations

We routinely engage in activities that involve, to varying degrees, elements of risk that are not reflected, in whole or in part, in the consolidated financial statements. These activities are part of our normal course of business and include traditional off-balance-sheet credit-related financial instruments, interest rate swap contracts, operating leases and long-term debt.

Traditional off-balance-sheet credit-related financial instruments are primarily commitments to extend credit and standby letters of credit. These activities could require us to make cash payments to third parties if certain specified future events occur. The contractual amounts represent the extent of our exposure in these off-balance-sheet activities. These activities are necessary to meet the financing needs of our customers.

We enter into interest rate swap contracts under which we are required to either receive cash from or pay cash to counterparties depending on changes in interest rates. We also purchase interest rate caps to protect against increases in market interest rates. We utilize interest rate swap contracts and interest rate caps to help manage the risk of changing interest rates.

We sell interest rate swaps to certain adjustable rate commercial loan customers to fix the interest rate on their floating rate loans. When the fixed rate swap is originated with the customer, an identical offsetting swap is also entered into by us with a correspondent bank.

With the acquisition of Wilshire’s mortgage lending platform, we began utilizing mortgage banking derivatives during the third quarter of 2016. The first type of derivative, an interest rate lock commitment, is a commitment to originate loans whereby the interest rate on the loan is determined prior to funding. To mitigate interest rate risk on these rate lock commitments, we also enter into forward commitments, or commitments to deliver residential mortgage loans on a future date, also considered derivatives. Net change in the fair value of derivatives represents income recorded from changes of fair value for these mortgage derivatives instruments.

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We do not anticipate that our current off-balance-sheet activities will have a material impact on our future results of operations or our financial condition. Further information regarding our financial instruments with off-balance-sheet risk can be found in Item 3 “Quantitative and Qualitative Disclosures about Market Risk.”

Stockholders’ Equity and Regulatory Capital

Historically, our primary source of capital has been the retention of earnings, net of dividend payments to stockholders. We seek to maintain capital at a level sufficient to assure our stockholders, our customers, and our regulators that we and the Bank subsidiary are financially sound. For this purpose, we perform ongoing assessments of our components of capital, as well as projected sources and uses of capital in conjunction with projected increases in assets and levels of risks.

Total stockholders’ equity was $1.91 billion at June 30, 2017, compared to $1.86 billion at December 31, 2016.

The federal banking agencies require a minimum ratio of qualifying total capital to risk-weighted assets of 8.0%, a minimum ratio of Tier I capital to risk-weighted assets of 6.0%, and a minimum ratio of Tier I common equity capital to risk-weighted assets of 4.5% to generally be considered “adequately capitalized” under the Prompt Corrective Action regulations. In addition to the risk-based guidelines, federal banking agencies require banking organizations to maintain a minimum amount of Tier I capital to average total assets, referred to as the leverage ratio, of 4.0% to generally be considered “adequately capitalized” under the Prompt Corrective Action regulations. Beginning January 1, 2016, federal banking agencies required a capital conservation buffer of 0.625% in addition to the ratios required to generally be considered “adequately capitalized” under the Prompt Corrective Action regulations. The capital conservation buffer increases at an annual increment of 0.625% until January 2019 and stands at 1.25% as of June 30, 2017. Failure to maintain this capital conservation buffer results in limits or prohibitions on capital distributions and discretionary compensation payments. Capital requirements apply to the Company and the Bank separately. In addition to these uniform risk-based capital guidelines and leverage ratios that apply across the industry, the regulators have the discretion to set individual minimum capital requirements for specific institutions at rates significantly above the minimum guidelines and ratios.

At June 30, 2017, our Common Equity Tier 1 capital was $1.44 billion compared to $1.40 billion at December 31, 2016. Our Tier I capital, defined as stockholders’ equity less intangible assets, was $1.54 billion at June 30, 2017 compared to $1.50 billion at December 31, 2016, representing an increase of $39.2 million, or 2.62%. At June 30, 2017, the Common Equity Tier 1 capital ratio was 12.18%. The total capital to risk-weighted assets ratio was 13.70% and the Tier I capital to risk-weighted assets ratio was 13.00%. The Tier I leverage capital ratio was 11.80%.

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As of June 30, 2017 and December 31, 2016, the most recent regulatory notification generally categorized the Bank as “well capitalized” under the general regulatory framework for prompt corrective action. To be generally categorized as “well-capitalized”, the Bank must maintain minimum common equity Tier 1 capital, total risk-based, Tier I risk-based and Tier I leverage capital ratios as set forth in the table below:

	As of June 30, 2017
	Actual				To Be Well-Capitalized				Excess
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
Hope Bancorp, Inc.
Common equity Tier 1 capital ratio (to risk-weighted assets)	$	1,438,907	12.18	%	N/A		N/A		N/A		N/A
Total risk-based capital ratio (to risk-weighted assets)	$	1,619,043	13.70	%	N/A		N/A		N/A		N/A
Tier 1 risk-based capital ratio (to risk-weighted assets)	$	1,535,333	13.00	%	N/A		N/A		N/A		N/A
Tier 1 capital to total assets (to average assets)	$	1,535,333	11.80	%	N/A		N/A		N/A		N/A
Bank of Hope
Common equity Tier 1 capital ratio (to risk-weighted assets)	$	1,514,997	12.83	%	$	767,543	6.50	%	$	747,454	6.33	%
Total risk-based capital ratio (to risk-weighted assets)	$	1,598,707	13.54	%	$	1,180,835	10.00	%	$	417,872	3.54	%
Tier 1 risk-based capital ratio (to risk-weighted assets)	$	1,514,997	12.83	%	$	944,668	8.00	%	$	570,329	4.83	%
Tier 1 capital to total assets (to average assets)	$	1,514,997	11.64	%	$	650,659	5.00	%	$	864,338	6.64	%
	As of December 31, 2016
	Actual				To Be Well-Capitalized				Excess
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
Hope Bancorp, Inc.
Common equity Tier 1 capital ratio (to risk-weighted assets)	$	1,400,246	12.10	%	N/A		N/A		N/A		N/A
Total risk-based capital ratio (to risk-weighted assets)	$	1,578,690	13.64	%	N/A		N/A		N/A		N/A
Tier 1 risk-based capital ratio (to risk-weighted assets)	$	1,496,153	12.92	%	N/A		N/A		N/A		N/A
Tier 1 capital to total assets (to average assets)	$	1,496,153	11.49	%	N/A		N/A		N/A		N/A
Bank of Hope
Common equity Tier 1 capital ratio (to risk-weighted assets)	$	1,475,228	12.75	%	$	752,022	6.50	%	$	723,206	6.25	%
Total risk-based capital ratio (to risk-weighted assets)	$	1,557,765	13.46	%	$	1,156,957	10.00	%	$	400,808	3.46	%
Tier 1 risk-based capital ratio (to risk-weighted assets)	$	1,475,228	12.75	%	$	925,566	8.00	%	$	549,662	4.75	%
Tier 1 capital to total assets (to average assets)	$	1,475,228	11.33	%	$	651,129	5.00	%	$	824,099	6.33	%

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Liquidity Management

Liquidity risk is the risk of reduction in our earnings or capital that would result if we were not able to meet our obligations when they come due without incurring unacceptable losses. Liquidity risk includes the risk of unplanned decreases or changes in funding sources and changes in market conditions that affect our ability to liquidate assets quickly and with minimum loss of value. Factors considered in liquidity risk management are the stability of the deposit base; the marketability, maturity, and pledging of our investments; the availability of alternative sources of funds; and our demand for credit. The objective of our liquidity management is to have funds available to meet cash flow requirements arising from fluctuations in deposit levels and the demands of daily operations, which include funding of securities purchases, providing for customers’ credit needs, and ongoing repayment of borrowings.

Our primary sources of liquidity are derived from financing activities, which include customer and broker deposits, federal funds facilities, and borrowings from the FHLB and the FRB Discount Window. These funding sources are augmented by payments of principal and interest on loans and securities, proceeds from sale of loans and the liquidation or sale of securities from our available for sale portfolio. Primary uses of funds include withdrawal of and interest payments on deposits, originations of loans, purchases of investment securities, and payment of operating expenses.

At June 30, 2017, our total borrowing capacity from the FHLB was $3.24 billion of which $2.44 billion was unused and available to borrow. At June 30, 2017, our total borrowing capacity from the FRB was $520.0 million, all of which was unused and available to borrow. In addition to these lines, our liquid assets, consisting of cash and cash equivalents, interest bearing cash deposits and time deposits with other banks, overnight federal funds sold to other banks, liquid investment securities available for sale, and loan repayments within 30 days, were $1.64 billion at June 30, 2017 compared to $1.53 billion at December 31, 2016. Cash and cash equivalents were $446.4 million at June 30, 2017 compared to $437.3 million at December 31, 2016. We believe our liquidity sources are sufficient to meet all reasonably foreseeable short-term and intermediate-term needs.

74

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The objective of our asset and liability management activities is to maximize our earnings while maintaining adequate liquidity and an exposure to interest rate risk deemed by management to be acceptable by adjusting the type and mix of assets and liabilities to seek to effectively address changing conditions and risks. Through overall management of our balance sheet and by seeking to manage various risks, we seek to optimize our financial returns within safe and sound parameters. Our operating strategies for attaining this objective include managing net interest margin through appropriate risk/return pricing of assets and liabilities and emphasizing growth in retail deposits, as a percentage of interest bearing liabilities, to reduce our cost of funds. We also seek to improve earnings by controlling noninterest expense, and enhancing noninterest income. We also use risk management instruments to modify interest rate characteristics of certain assets and liabilities to hedge against our exposure to interest rate fluctuations with the objective of reducing the effects fluctuations might have on associated cash flows or values. Finally, we perform internal analysis to measure, evaluate, and monitor risk.

Interest Rate Risk

Interest rate risk is the most significant market risk impacting us. Interest rate risk occurs when interest rate sensitive assets and liabilities do not reprice simultaneously and in equal volume. A key objective of asset and liability management is to manage interest rate risk associated with changing asset and liability cash flows, values of our assets and liabilities, and market interest rate movements. The management of interest rate risk is governed by policies reviewed and approved annually by the Board of Directors. Our Board delegates responsibility for interest rate risk management to the Asset and Liability Committee of the Board (“ALCO”) and to the Asset and Liability Management Committee (“ALM”), which is composed of the Bank’s senior executives and other designated officers.

The fundamental objective of our ALM is to manage our exposure to interest rate fluctuations while maintaining adequate levels of liquidity and capital. Our ALM meets regularly to monitor interest rate risk, the sensitivity of our assets and liabilities to interest rate changes, the book and market values of our assets and liabilities, and our investment activities. It also directs changes in the composition of our assets and liabilities. Our strategy has been to reduce the sensitivity of our earnings to interest rate fluctuations by more closely matching the effective maturities or repricing characteristics of our assets and liabilities. Certain assets and liabilities, however, may react in different degrees to changes in market interest rates. Furthermore, interest rates on certain types of assets and liabilities may fluctuate prior to changes in market interest rates, while interest rates on other types may lag behind changes in market interest rates. We consider the anticipated effects of these factors when implementing our interest rate risk management objectives.

Interest Rate Sensitivity

We monitor interest rate risk through the use of a simulation model that provides us with the ability to simulate our net interest income. In order to measure, at June 30, 2017, the sensitivity of our forecasted net interest income to changing interest rates, both rising and falling interest rate scenarios were projected and compared to base market interest rate forecasts. One application of our simulation model measures the impact of market interest rate changes on the net present value of estimated cash flows from our assets and liabilities, defined as our market value of equity. This analysis assesses the changes in market values of interest rate sensitive financial instruments that would occur in response to immediate and parallel changes in market interest rates.

The impacts on our net interest income and market value of equity exposed to immediate and parallel hypothetical changes in market interest rates as projected by the model we use for this purpose are illustrated in the following table:

	June 30, 2017				December 31, 2016
Simulated Rate Changes	Estimated Net Interest Income Sensitivity		Market Value Of Equity Volatility		Estimated Net Interest Income Sensitivity		Market Value Of Equity Volatility
+ 200 basis points	1.49	%	(3.48	)%	2.58	%	(4.05	)%
+ 100 basis points	0.81	%	(1.61	)%	1.15	%	(1.91	)%
- 100 basis points	(2.13	)%	0.49	%	(0.60	)%	1.41	%
- 200 basis points	(9.84	)%	(0.95	)%	(9.66	)%	0.42	%

75

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and procedures designed to ensure that information required to be disclosed by us in reports filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to our management, including our President and Chief Executive Officer and our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

In designing and evaluating disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

We conducted an evaluation under the supervision and with the participation of our management, including our President and Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this Quarterly Report on Form 10-Q.

Based on the evaluation, our President and Chief Executive Officer and our Chief Financial Officer have concluded that as of the end of the period covered by this Quarterly Report on Form 10-Q, our disclosure controls and procedures were not effective due to the material weaknesses disclosed in our Annual Report on Form 10-K for the year ended December 31, 2016 filed with the SEC on May 18, 2017.

Changes in Internal Control over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting during the quarter ended June 30, 2017 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. As disclosed in our Annual Report on Form 10-K for the year ended December 31, 2016, although our remediation efforts with respect to the identified material weaknesses are well underway, our material weaknesses will not be considered remediated until new internal controls are operational for a period of time and are tested, and management concludes that these controls are operating effectively. With respect to the identified material weaknesses, other than those that arose in conjunction with the acquisition of Wilshire, management presently believes that such material weaknesses will be remediated within twelve months of when the remediation efforts commenced. The timing of the testing and validation of the remediation of the material weaknesses that arose in conjunction with the acquisition of Wilshire may depend on the timing of the Company’s next material business combination.

76

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

In the normal course of business, we are involved in various legal claims. We have reviewed all legal claims against us with counsel and have taken into consideration the views of such counsel as to the potential outcome of the claims in determining our accrued loss contingency. Accrued loss contingencies for all legal claims totaled approximately $472 thousand at June 30, 2017. It is reasonably possible we may incur losses in addition to the amounts we have accrued. However, at this time, we are unable to estimate the range of additional losses that are reasonably possible because of a number of factors, including the fact that certain of these litigation matters are still in their early stages and involve claims for which, at this point, we believe have little to no merit. Management has considered these and other possible loss contingencies and does not expect the amounts to be material to any of the consolidated financial statements.

Item 1A. Risk Factors

Management is not aware of any material changes to the risk factors discussed in Part 1, Item 1A, of the Annual Report on Form 10-K for the year ended December 31, 2016 and in Part 2, Item 1A, of the Quarterly Report on Form 10-Q for the quarter ended March 31, 2017. In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risk factors discussed in Part 1, Item 1A , of the Annual Report on Form 10-K for the year ended December 31, 2016 and in Part 2, Item 1A, of the Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, which could materially and adversely affect the Company’s business, financial condition, results of operations and stock price. The risks described in the Annual Report on Form 10-K and the Quarterly Report on Form 10-Q are not the only risks facing the Company. Additional risks and uncertainties not presently known to management or that management presently believes not to be material may also result in material and adverse effects on our business, financial condition and results of operations.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None

Item 6. Exhibits

See “Index to Exhibits.”

77

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		HOPE BANCORP, INC.
Date:	August 9, 2017	/s/ Kevin S. Kim
		Kevin S. Kim
		President and Chief Executive Officer
Date:	August 9, 2017	/s/ Douglas J. Goddard
		Douglas J. Goddard
		Executive Vice President and Chief Financial Officer

78

INDEX TO EXHIBITS

Exhibit Number	Description
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Public Company Accounting Reform and Investor Protection Act of 2002**
32.2	Certification of Chief Financial Officer pursuant to section 906 of the Public Company Accounting Reform and Investor Protection Act of 2002**
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document**
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**

__________________________________

* Filed herewith

** Furnished herewith

+ Management contract or compensatory plan or arrangement

79

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Kevin S. Kim, certify that:

1. I have reviewed this periodic report on Form 10-Q of Hope Bancorp, Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrants' board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 9, 2017

/s/ Kevin S. Kim

_______________________________________________________________________________

Kevin S. Kim

President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Douglas J. Goddard, certify that:

1. I have reviewed this periodic report on Form 10-Q of Hope Bancorp, Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrants' board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 9, 2017

/s/ Douglas J. Goddard

_______________________________________________________________________________

Douglas J. Goddard

Executive Vice President and Chief Financial Officer                        

EX-32.1

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the periodic report of Hope Bancorp, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2017, as filed with the Securities and Exchange Commission (the “Report”), I, Kevin S. Kim, Chief Executive Officer of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that:

     (1)    the Report fully complies with the requirements of section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

     (2)    the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

This Certification has not been, and shall not be deemed, “filed” with the Securities and Exchange Commission.

Date: August 9, 2017

/s/ Kevin S. Kim

_______________________________________________________________________________

Kevin S. Kim

President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the periodic report of Hope Bancorp, Inc (the “Company”) on Form 10-K for the period ended June 30, 2017, as filed with the Securities and Exchange Commission (the “Report”), I, Douglas J. Goddard, Chief Financial Officer of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that:

     (1)    the Report fully complies with the requirements of section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

     (2)    the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

This Certification has not been, and shall not be deemed, “filed” with the Securities and Exchange Commission.

Date: August 9, 2017

/s/ Douglas J. Goddard

_______________________________________________________________________________

Douglas J. Goddard

Executive Vice President and Chief Financial Officer        

XML

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 02, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Entity Registrant Name	Hope Bancorp Inc
Entity Central Index Key	0001128361
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		135,349,745

XML

Condensed Consolidated Statements Of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Other Investments	$ 43,962	$ 44,202
Cash and cash equivalents:
Cash and due from banks	180,987	168,827
Interest bearing cash in other banks	265,428	268,507
Total cash and cash equivalents	446,415	437,334
Securities available for sale, at fair value	1,680,382	1,556,740
Loans held for sale, at the lower of cost or fair value	16,927	22,785
Loans receivable (net of allowance for loan losses of $80,074 and $79,343 at June 30, 2017 and December 31, 2016, respectively)	10,736,345	10,463,989
Other real estate owned (“OREO”), net	21,839	21,990
Federal Home Loan Bank (“FHLB”) stock, at cost	22,351	21,964
Premises and equipment, net	52,565	55,316
Accrued interest receivable	25,640	26,880
Deferred tax assets, net	81,488	88,110
Customers’ liabilities on acceptances	1,669	2,899
Bank owned life insurance (“BOLI”)	74,113	73,696
Investments in affordable housing partnerships	91,343	70,059
Goodwill	464,450	462,997
Core deposit intangible assets, net	17,874	19,226
Servicing assets	25,338	26,457
Other assets	56,516	46,778
Total assets	13,859,217	13,441,422
LIABILITIES:
Noninterest bearing	3,016,538	2,900,241
Interest bearing:
Money market and NOW accounts	3,563,404	3,401,446
Savings deposits	275,272	301,906
Time deposits	4,099,887	4,038,442
Total deposits	10,955,101	10,642,035
FHLB advances	793,403	754,290
Subordinated debentures	100,328	99,808
Accrued interest payable	11,855	10,863
Acceptances outstanding	1,669	2,899
Commitments and Contingencies	43,929	24,409
Other liabilities	46,638	51,645
Total liabilities	11,952,923	11,585,949
STOCKHOLDERS’ EQUITY:
Common stock, $0.001 par value; authorized 150,000,000 shares at June 30, 2017 and December 31, 2016; issued and outstanding, 135,297,678 and 135,240,079 shares at June 30, 2017 and December 31, 2016, respectively	135	135
Additional paid-in capital	1,402,303	1,400,490
Retained earnings	513,945	469,505
Accumulated other comprehensive loss, net	(10,089)	(14,657)
Total stockholders’ equity	1,906,294	1,855,473
Total liabilities and stockholders’ equity	$ 13,859,217	$ 13,441,422

XML

Condensed Consolidated Statements Of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Loans receivable, allowance	$ 80,074	$ 79,343
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	135,297,678	135,240,079
Common stock, shares outstanding	135,297,678	135,240,079

XML

Condensed Consolidated Statements Of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
INTEREST INCOME:
Loans, including fees	$ 128,515	$ 77,086	$ 251,809	$ 154,204
Securities	8,741	5,729	16,854	11,406
Interest bearing deposits in other banks and other investments	1,277	719	2,613	1,385
Total interest income	138,533	83,534	271,276	166,995
INTEREST EXPENSE:
Deposits	18,114	10,352	32,625	20,259
FHLB advances	2,338	1,686	4,477	3,209
Other borrowings	1,261	432	2,449	856
Total interest expense	21,713	12,470	39,551	24,324
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	116,820	71,064	231,725	142,671
PROVISION FOR LOAN LOSSES	2,760	1,200	8,360	1,700
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	114,060	69,864	223,365	140,971
NONINTEREST INCOME:
Service fees on deposit accounts	5,179	2,902	10,517	5,585
International service fees	1,119	816	2,227	1,591
Loan servicing fees, net	1,291	589	2,729	1,280
Wire transfer fees	1,343	893	2,529	1,807
Other income and fees	3,564	2,429	8,427	4,316
Net gains on sales of SBA loans	3,267	3,035	6,517	4,860
Net gains on sales of other loans	352	43	772	43
Total noninterest income	16,115	10,707	33,718	19,482
NONINTEREST EXPENSE:
Salaries and employee benefits	34,946	21,757	69,112	43,326
Occupancy	7,154	4,920	14,348	9,737
Furniture and equipment	3,556	2,337	6,969	4,624
Advertising and marketing	2,394	1,402	5,818	2,538
Data processing and communications	2,676	2,129	6,282	4,300
Professional fees	3,260	1,273	7,162	2,356
Income (Loss) from Affordable Housing Projects, Equity Method Investments	3,055	271	5,216	676
FDIC assessments	1,004	1,095	2,014	2,133
Credit related expenses	113	911	1,996	1,332
OREO expense, net	1,188	133	2,185	1,561
Merger and integration expenses	562	1,533	1,509	2,740
Other	4,129	2,587	9,125	5,074
Total noninterest expense	64,037	40,348	131,736	80,397
INCOME BEFORE INCOME TAX PROVISION	66,138	40,223	125,347	80,056
INCOME TAX PROVISION	25,451	16,833	48,450	33,043
NET INCOME	$ 40,687	$ 23,390	$ 76,897	$ 47,013
EARNINGS PER COMMON SHARE
Basic (in dollars per share)	$ 0.30	$ 0.29	$ 0.57	$ 0.59
Diluted (in dollars per share)	$ 0.30	$ 0.29	$ 0.57	$ 0.59

XML

Condensed Consolidated Statements Of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 40,687,000	$ 23,390,000	$ 76,897,000	$ 47,013,000
Other comprehensive income:
Change in unrealized net holding gains on securities available for sale	4,768,000	6,606,000	7,949,000	22,238,000
Change in unrealized net holding gains (losses) on interest only strips	8,000	(3,000)	(41,000)	(44,000)
Less tax effect	2,016,000	2,785,000	3,340,000	9,388,000
Other comprehensive income, net of tax	2,760,000	3,818,000	4,568,000	12,806,000
Total comprehensive income	43,447,000	$ 27,208,000	81,465,000	$ 59,819,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	$ 0		$ 0

XML

Condensed Consolidated Statements Of Changes In Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital [Member]	Retained earnings	Accumulated other comprehensive income (loss), net
Balance at Dec. 31, 2015	$ 938,095	$ 80	$ 541,596	$ 398,251	$ (1,832)
Balance, shares at Dec. 31, 2015		79,566,356
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of additional shares pursuant to various stock plans	(6)		(6)
Issuance of additional shares pursuant to various stock plans, shares		40,465
Stock-based compensation	98		98
Cash dividends declared on common stock	(26,266)			(26,266)
Comprehensive income:
Net income	47,013			47,013
Other comprehensive income (loss)	12,806				12,806
Balance at Jun. 30, 2016	971,740	$ 80	541,688	418,998	10,974
Balance, shares at Jun. 30, 2016		79,606,821
Balance at Dec. 31, 2016	1,855,473	$ 135	1,400,490	469,505	(14,657)
Balance, shares at Dec. 31, 2016		135,240,079
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of additional shares pursuant to various stock plans	649		649
Issuance of additional shares pursuant to various stock plans, shares		57,599
Stock-based compensation	1,164		1,164
Cash dividends declared on common stock	(32,457)			(32,457)
Comprehensive income:
Net income	76,897			76,897
Other comprehensive income (loss)	4,568				4,568
Balance at Jun. 30, 2017	$ 1,906,294	$ 135	$ 1,402,303	$ 513,945	$ (10,089)
Balance, shares at Jun. 30, 2017		135,297,678

XML

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 76,897	$ 47,013
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, amortization, net of discount accretion	(6,244)	394
Stock-based compensation expense	1,506	98
Provision for loan losses	8,360	1,700
Valuation adjustment of premises held for sale	1,084	0
Valuation adjustment of OREO	1,410	924
Net gains on sales of SBA and other loans	(7,289)	(4,903)
Earnings on BOLI	(417)	(544)
Net change in fair value of derivatives	65	0
Net gain on sale and disposal of premise and equipment	(338)	0
Net gain (loss) on sales of OREO	(82)	145
Loss on investments in affordable housing partnership	5,047	676
Net change in deferred income taxes	2,544	6,122
Proceeds from sales of loans held for sale	138,413	71,817
Originations of loans held for sale	(111,742)	(72,564)
Originations of servicing assets	(2,612)	(2,087)
Net change in accrued interest receivable	1,240	(592)
Net change in other assets	(9,916)	(24,980)
Net change in accrued interest payable	992	1,157
Net change in other liabilities	(5,007)	4,097
Net cash provided by operating activities	93,911	28,473
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of other investments	(8,820)	0
Redemption of other investments	9,060	0
Purchase of securities available for sale	(245,198)	(155,411)
Proceeds from matured, called, or paid-down of securities available for sale	124,381	88,514
Proceeds from sales of other loans held for sale	259	0
Net change in loans receivable	(285,348)	(331,713)
Proceeds from sales of OREO	3,606	5,435
Purchase of FHLB stock	(1,148)	0
Redemption of FHLB stock	761	0
Purchase of premises and equipment	(4,622)	(6,587)
Proceeds from sales and disposals of premise and equipment held for sale	3,267	0
Investments in affordable housing partnerships	(6,980)	0
Net cash used in investing activities	(410,782)	(399,762)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	317,760	296,589
Proceeds from FHLB advances	425,000	475,000
Repayment of FHLB advances	(385,000)	(395,000)
Cash dividends paid on common stock	(32,457)	(17,510)
Issuance of additional stock pursuant to various stock plans	649	(6)
Net cash provided by financing activities	325,952	359,073
NET CHANGE IN CASH AND CASH EQUIVALENTS	9,081	(12,216)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	437,334	298,389
CASH AND CASH EQUIVALENTS, END OF PERIOD	446,415	286,173
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	43,620	23,167
Income taxes paid	61,314	35,701
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Transfer from loans receivable to OREO	7,173	2,188
Transfer from loans receivable to loans held for sale	14,590	400
Loans transferred to loans receivable from held for sale	394	0
Transfer of premises and equipment to premises held for sale	3,300	0
New commitments to fund affordable housing partnership investments	$ 26,500	$ 0

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Hope Bancorp, Inc.

6 Months Ended

Jun. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Hope Bancorp, Inc.

Hope Bancorp, Inc.

Hope Bancorp, Inc. (“Hope Bancorp” on a parent-only basis and the “Company” on a consolidated basis), headquartered in Los Angeles, California, is the holding company for Bank of Hope (the “Bank”). As of June 30, 2017, the Bank operated branches in California, Washington, Texas, Illinois, Alabama, Georgia, Virginia, New Jersey, and New York, as well as loan production offices in Georgia, Virginia, Texas, Colorado, Oregon, Washington, Southern California, and Northern California. The Company is a corporation organized under the laws of the state of Delaware and a bank holding company registered under the Bank Holding Company Act of 1956, as amended.

Effective at the close of business on July 29, 2016, the Company (previously known as BBCN Bancorp, Inc.) completed its merger with Wilshire Bancorp, Inc. (“Wilshire”) pursuant to the Agreement and Plan of Merger, dated as of December 7, 2015, by and between the Company and Wilshire (the “Merger Agreement”). On the date of the acquisition, Wilshire merged with and into the Company, with the Company being the surviving corporation. On the date of the merger with Wilshire, the Company changed its name to “Hope Bancorp, Inc.” and changed its ticker symbol to “HOPE”.

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Basis of Presentation

6 Months Ended

Jun. 30, 2017

Basis Of Presentation [Abstract]

Basis of Presentation

Basis of Presentation

The consolidated financial statements included herein have been prepared without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), except for the Consolidated Statement of Financial Condition as of December 31, 2016 which was from the audited financial statements included in the Company’s 2016 Annual Report on Form 10-K. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such SEC rules and regulations.

The consolidated financial statements include the accounts of Hope Bancorp and its wholly owned subsidiaries, principally Bank of Hope. All intercompany transactions and balances have been eliminated in consolidation. The Company has made all adjustments, that in the opinion of management, are necessary to fairly present the Company’s financial position at June 30, 2017 and December 31, 2016 and the results of operations for the three and six months ended June 30, 2017 and 2016. Certain reclassifications have been made to prior period amounts to conform to the current year presentation. The results of operations for the interim periods are not necessarily indicative of results to be anticipated for the full year.

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

These unaudited consolidated financial statements should be read along with the audited consolidated financial statements and accompanying notes included in the Company’s 2016 Annual Report on Form 10-K.

Recent Accounting Pronouncements:

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. ASU 2014-09 is based on the principle that revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09 as amended by ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, is effective for interim and annual periods beginning after December 15, 2017 and is applied on either a modified retrospective or full retrospective basis. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company’s revenue primarily consists of net interest income and noninterest income. The scope of the guidance explicitly excludes net interest income, as well as other revenues from financial instruments such as loans, leases, securities and derivatives. Certain noninterest income revenue items such as service charges on deposits accounts, gain/loss on other real estate owned sales, and other income items may be in the scope of ASU 2014-09 and how these revenue streams are recognized may change. The Company is currently in the process of evaluating the impact of ASU 2014-09 on its consolidated financial statements, but does not expect the adoption of ASU 2014-09 to have a material impact on its consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. ASU 2016-13 becomes effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. ASU 2017-08 was issued to amend the amortization period for certain callable debt securities held at a premium. ASU 2017-08 shortens the amortization period of premiums on certain purchased callable debt securities to the earliest call date. ASU 2017-08 affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). ASU 2017-08 does not impact securities purchased at a discount, which continue to be amortized to maturity. ASU 2017-08 is effective for annual period beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted in an interim period. If an entity chooses to adopt early, any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The adoption of ASU 2017-08 is not expected to have a material impact on the Company’s consolidated financial statements.

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification”. ASU 2017-09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017-09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017-09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Company is currently in the process of evaluating the impact of ASU 2017-09 on its consolidated financial statements, but does not expect the adoption of ASU 2017-09 to have material impact on it consolidated financial statements.

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Mergers and Acquisitions

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Mergers and Acquisitions

Mergers and Acquisitions

The Company applies the acquisition method of accounting for business combinations, including the merger with Wilshire under ASC 805 “Business Combinations”. Under the acquisition method of accounting, the acquiring entity in a business combination recognizes 100 percent of the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. Where amounts allocated to assets acquired and liabilities assumed is greater than the purchase price, a bargain purchase gain is recognized. Acquisition-related costs are expensed as incurred as merger and integration expense.

Pending Acquisition of U & I Financial Corp

On January 23, 2017, the Company announced the signing of a definitive agreement and plan of merger (the “U & I Merger Agreement”) with U & I Financial Corporation (“U & I”) pursuant to which U & I will merge with and into Hope Bancorp with Hope Bancorp as the surviving corporation. As part of the merger, UniBank, a wholly-owned subsidiary of U & I, will merge with and into the Bank. Under the U & I Merger Agreement, at the effective time of the merger (the “Effective Time”), each outstanding share of U & I common stock will be converted into shares of the Company’s common stock based on a value of $9.50 for the U & I common stock, which value will be subject to adjustment if U & I’s financial advisory and legal fees exceed certain amounts as provided in the U & I Merger Agreement (the “Merger Consideration”). The number of shares of Company common stock to be issued for the Merger Consideration will be based on the 10-trading day, volume weighted average price of the Company’s common stock as of the closing as determined in accordance with the Merger Agreement (as so determined, the “Closing Stock Price”); provided that:

(i) if the Closing Stock Price is less than $17.28832, the Company may terminate the U & I Merger Agreement unless U & I elects to accept an adjustment to the Merger Consideration through the issuance of fewer shares based on the $17.28832 instead of the lower Closing Stock Price; and

(ii) if the Closing Stock Price is greater than $25.93248, U & I may terminate the U & I Merger Agreement unless the Company elects to accept an adjustment to the Merger Consideration through the issuance of additional shares based on the $25.93248 price instead of the higher Closing Stock Price.

Each outstanding U & I stock option held by an U & I employee who will be retained by the Company after the Effective Time (each, a “Covered Employee”) shall cease to represent the right to acquire shares of U & I common stock and shall instead be converted automatically into an option to acquire shares of the Company’s common stock, and such assumed options will be assumed by the Company on substantially the same terms and conditions as were applicable under the corresponding U & I stock options. Each U & I stock option held by a U & I employee who will not be a Covered Employee shall become fully vested and be converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the excess, if any, of the per share Merger Consideration over the exercise price per share of such stock option by (ii) the total number of shares of U & I common stock subject to such stock option.

The U & I Merger Agreement contains representations and warranties customary for transactions of this type from the Company and U & I, and each party has agreed to customary covenants, including, among others, covenants relating to the conduct of its business during the interim period between the execution of the U & I Merger Agreement and the Effective Time and, in the case of U & I, its obligation, subject to certain exceptions, to recommend that its stockholders adopt the U & I Merger Agreement and its non-solicitation obligations relating to alternative acquisition proposals.

The consummation of the merger with U & I is subject to customary conditions, including receipt of regulatory approvals, receipt of the requisite approval of the stockholders of U & I, the absence of any law or order prohibiting the closing, and effectiveness of the registration statement to be filed by the Company with respect to the Company’s common stock to be issued in the merger with U & I, and the absence of the occurrence of a material adverse effect upon the Company or U & I. In addition, each party’s obligation to consummate the merger is subject to certain other conditions, including the accuracy of the representations and warranties of the other party and compliance of the other party with its covenants, in each case subject to certain materiality standards. The Company expects to close the acquisition by the end of 2017, subject to satisfaction of the conditions set forth in the U & I Merger Agreement.

The U & I Merger Agreement provides certain termination rights for both the Company and U & I and further provides that a termination fee of $2 million will be payable by U & I to the Company upon termination of the U & I Merger Agreement under certain circumstances.

Merger with Wilshire Bancorp, Inc.

On July 29, 2016, the Company completed the merger with Wilshire Bancorp, Inc. (“Wilshire”), the holding company of Wilshire Bank. The Company merged with Wilshire in order to expand its network of branch locations and to provide enhanced products and services to our customers. Wilshire’s primary subsidiary, Wilshire Bank, previously operated thirty-five branches located in California, New York, New Jersey, Texas, Georgia, and Alabama. Approximately $4.63 billion in assets were acquired through the transaction including $3.80 billion in loans receivable and $3.81 billion in deposits. Subsequent to the merger, the Bank now operates 63 branches in nine different states throughout the United States, has loan production offices throughout the Unites States, and a representative office in Seoul, Korea.

Under the terms of the Merger Agreement, Wilshire shareholders received 0.7034 shares of Hope Bancorp common stock for each share of Wilshire common stock owned. As a result, 55.5 million shares of Hope Bancorp common stock were issued to Wilshire shareholders in addition to $3 thousand that was paid for fractional shares. In addition, the Company issued Hope stock options and restricted stock in exchange for Wilshire stock options and restricted stock outstanding at July 29, 2016 under substantially the same terms that were applicable immediately prior to the merger, subject to adjustment for the exchange ratio. Total consideration for the merger was $856.3 million.

The consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:

	(Dollars in thousands)
Consideration Paid:
Hope common stock issued in exchange for Wilshire common stock	$	852,939
Cash paid for fractional shares	3
Hope stock options issued in exchange Wilshire stock options	3,370
Total consideration paid	$	856,312
Assets Acquired:
Cash and cash equivalents	$	100,127
Investment securities available for sale	478,938
Loans receivable	3,800,807
FRB and FHLB stock	16,539
OREO	13,173
Premises and equipment	16,812
Bank owned life insurance	25,240
Servicing assets	16,203
Low income housing tax credit investments	47,111
Core deposit intangibles	18,138
Deferred tax assets, net	17,698
Other assets	76,818
Liabilities Assumed:
Deposits	(3,812,367		)
Borrowings	(206,282		)
Subordinated debentures	(56,942		)
Other liabilities	(54,751		)
Total identifiable net assets	$	497,262
Excess of consideration paid over fair value of net assets acquired (goodwill)	$	359,050

Fair values are primarily determined through the use of inputs that are not observable from market-based information. Under ASC 805-10-25-13, management may adjust the fair values of acquired assets or assumed liabilities for a period of up to one year from the date of the acquisition to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have an effect on the measurement of the amounts recognized as of that date. During the fourth quarter of 2016, the Company made a net adjustment of $1.4 million to deferred tax assets and taxes receivable acquired from Wilshire which reduced the previous goodwill recorded from the transaction by $1.4 million. Subsequently in the first quarter of 2017, the Company made an adjustment which increased goodwill by $978 thousand consisting of a $1.7 million adjustment to OREO partially offset by a $716 thousand adjustment to deferred tax assets. During the second quarter of 2017, the Company made an adjustment of $475 thousand to deferred tax assets which increase goodwill by the same amount.

Acquired Loans

The fair value of loans were estimated on an individual basis based on the characteristics for each loan. A discounted cash flow analysis was used to project cash flows for each loan using assumptions for rate, remaining maturity, prepayment speeds, projected default probabilities, loss given defaults, and estimates of prevailing discount rates. At the time of the merger with Wilshire on July 29, 2016, the fair value of loans acquired from Wilshire with deteriorated credit quality totaled $243.1 million.

The outstanding principal balances and the related carrying amounts of the acquired loans included in the Statement of Financial Condition at June 30, 2017 and were $5.02 billion and $3.27 billion, respectively, for loans acquired from Wilshire. The outstanding principal balances and the related carrying amounts of the acquired loans included in the Statement of Financial Condition at December 31, 2016 were $5.67 billion and $3.59 billion, respectively, for loans acquired from Wilshire.

Merger-Related Expenses

The following table presents merger-related expenses associated with the merger with Wilshire, the pending merger with U & I, and other previous transactions which were reflected in the Consolidated Statements of Income in merger and integration expenses. These expenses are comprised primarily of salaries and employee benefits, professional fees, and other noninterest expenses related to mergers.

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(Dollars in thousands)
Wilshire	$	538	$	1,509	$	939	$	2,692
U & I	—		—		522		—
Other	24		24		48		48
Total merger and integration expenses	$	562	$	1,533	$	1,509	$	2,740

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Stock-Based Compensation

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The Company has a stock-based incentive plan (the “2016 Plan”) to award equity as form of compensation. The 2016 Plan, was approved by the Company’s stockholders on September 1, 2016. The 2016 Plan provides for grants of stock options, stock appreciation rights (“SARs”), restricted stock, performance shares, and performance units (sometimes referred to individually or collectively as “awards”) to non-employee directors, employees, and consultants of the Company. Stock options may be either incentive stock options (“ISOs”), as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), or nonqualified stock options (“NQSOs”).

The 2016 Plan gives the Company flexibility to (i) attract and retain qualified non-employee directors, executives, other key employees, and consultants with appropriate equity-based awards to; (ii) motivate high levels of performance; (iii) recognize employee contributions to the Company’s success; and (iv) align the interests of the 2016 Plan participants with those of the Company’s stockholders. The plan initially had 2,400,000 shares available for grant to participants. The exercise price for shares under an ISO may not be less than 100% of fair market value on the date the award is granted under Code Section 422. Similarly, under the terms of the 2016 Plan, the exercise price for SARs and NQSOs may not be less than 100% of fair market value on the date of grant. Performance units are awarded to a participant at the market price of the Company’s common stock on the date of award (after the lapse of the restriction period and the attainment of the performance criteria). No minimum exercise price is prescribed for performance shares and restricted stock awarded under the 2016 Plan. All options not exercised generally expire 10 years after the date of grant.

ISOs, SARs and NQSOs have vesting periods of three to five years and have 10-year contractual terms. Restricted stock, performance shares, and performance units are granted with a restriction period of not less than one year from the grant date for performance-based awards and not more than three years from the grant date for time-based vesting of grants. Compensation expense for awards is recognized over the vesting period.

The Company had another stock-based incentive plan, the 2007 Equity Incentive Plan (“2007 Plan”), which was approved by stockholders in May 2007. Under the terms of this plan, awards cannot be granted under the plan more than ten years after the plan adoption date. Therefore, subsequent to May 2017, equity awards can no longer be issued from this plan.

Under the 2016 Plan, 1,328,988 shares were available for future grants as of June 30, 2017.

The total shares reserved for issuance will serve as the underlying value for all equity awards under the 2016 Plan. With the exception of the shares underlying stock options and restricted stock awards, the board of directors may choose to settle the awards by paying the equivalent cash value or by delivering the appropriate number of shares.

The following is a summary of stock option activity under the 2007 Plan and 2016 Plan for the six months ended June 30,2017:

	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (Dollars in thousands)
Outstanding - January 1, 2017	1,624,227		$	15.30
Granted	—		—
Exercised	(70,183	)	8.89
Expired	(230,900	)	21.77
Forfeited	—		—
Outstanding - June 30, 2017	1,323,144		$	14.51	7.46	$	5,590
Options exercisable - June 30, 2017	638,874		$	11.84	5.87	$	4,467

The following is a summary of restricted stock and performance unit activity under the 2007 Plan and 2016 Plan for the six months ended June 30,2017:

	Number of Shares		Weighted- Average Grant Date Fair Value
Outstanding - January 1, 2017	403,658		$	16.17
Granted	66,012		18.79
Vested	(67,359	)	15.10
Forfeited	(7,259	)	14.67
Outstanding - June 30, 2017	395,052		$	16.82

The total fair value of restricted stock and performance units vested for the six months ended June 30, 2017 and 2016 was $1.3 million and $675 thousand, respectively.

The amount charged against income related to stock-based payment arrangements was $760 thousand and $76 thousand for the three months ended June 30, 2017 and 2016, respectively. For the six months ended June 30, 2017 and 2016, $1.5 million and $98 thousand, respectively, of stock-based payment arrangements were charged against income.

The income tax benefit recognized was approximately $292 thousand and $32 thousand for the three months ended June 30, 2017 and 2016, respectively. The income tax benefit recognized for the six months ended June 30, 2017 and 2016, was approximately$582 thousand and $40 thousand, respectively.

At June 30, 2017, the unrecognized compensation expense related to non-vested stock option grants was $1.6 million which is expected to be recognized over a weighted average vesting period of 3.04 years. Unrecognized compensation expense related to non-vested restricted stock and performance units was $4.7 million which is expected to be recognized over a weighted average vesting period of 2.66 years.

During the first quarter of 2017 the Company adopted ASU 2016-09, “Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting”. With the adoption of ASU 2016-09 all of the Company’s excess tax benefits on share-based payment awards were recorded in income tax provision on the Consolidated Statements of Income for the three and six months ended June 30, 2017.

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Earnings Per Share ("EPS")

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share ("EPS")

Earnings Per Share (“EPS”)

Basic EPS does not reflect the possibility of dilution that could result from the issuance of additional shares of common stock upon exercise or conversion of outstanding equity awards, and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted to common stock that would then share in our earnings. For the three months ended June 30, 2017, stock options and restricted shares awards for 530,334 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive. For the six months ended June 30, 2017, stock options and restricted shares awards for 542,328 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive. Stock options and restricted shares awards for 451,670 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive for the three months ended June 30, 2016. Stock options and restricted shares awards for 445,113 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive for the six months ended June 30, 2016. Additionally, warrants issued pursuant to the Company’s participation in the U.S. Treasury’s TARP Capital Purchase Plan, to purchase 20,087 shares and 19,552 shares of common stock were anti-dilutive and excluded for the three and six months ended June 30, 2017 and 2016, respectively.

The following tables show the computation of basic and diluted EPS for the three and six months ended June 30, 2017 and 2016.

	Three Months Ended June 30,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(Dollars in thousands, except share and per share data)
Basic EPS - common stock	$	40,687	135,257,044	$	0.30	$	23,390	79,604,673	$	0.29
Effect of dilutive securities:
Stock options and restricted stock			356,137					30,089
Diluted EPS - common stock	$	40,687	135,613,181	$	0.30	$	23,390	79,634,762	$	0.29

	Six Months Ended June 30,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(In thousands, except share and per share data)
Basic EPS - common stock	$	76,897	135,252,556	$	0.57	$	47,013	79,595,599	$	0.59
Effect of dilutive securities:
Stock options and restricted stock			432,508					30,074
Diluted EPS - common stock	$	76,897	135,685,064	$	0.57	$	47,013	79,625,673	$	0.59

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Securities Available for Sale

6 Months Ended

Jun. 30, 2017

Available-for-sale Securities [Abstract]

Securities Available for Sale

Securities Available for Sale

The following is a summary of securities available for sale as of the dates indicated:

	At June 30, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	10,001	$	—	$	(6	)	$	9,995
Collateralized mortgage obligations (residential)	791,774		351		(8,531		)	783,594
Mortgage-backed securities (residential)	780,937		1,580		(10,974		)	771,543
Corporate securities	4,567		39		—			4,606
Municipal securities	97,298		1,078		(864		)	97,512
Total debt securities	1,684,577		3,048		(20,375		)	1,667,250
Mutual funds	13,425		25		(318		)	13,132
Total investment securities available for sale	$	1,698,002	$	3,073	$	(20,693	)	$	1,680,382
	At December 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	12,005	$	3	$	—		$	12,008
Collateralized mortgage obligations (residential)	715,981		349		(10,663		)	705,667
Mortgage-backed securities (residential)	741,304		1,132		(14,395		)	728,041
Corporate securities	11,576		—		(449		)	11,127
Municipal securities	88,018		358		(1,537		)	86,839
Total debt securities	1,568,884		1,842		(27,044		)	1,543,682
Mutual funds	13,425		—		(367		)	13,058
Total investment securities available for sale	$	1,582,309	$	1,842	$	(27,411	)	$	1,556,740

As of June 30, 2017 and December 31, 2016, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

At June 30, 2017 and December 31, 2016, $10.1 million and $14.6 million, respectively, in unrealized losses on securities net of taxes were included in accumulated other comprehensive loss. Also included in accumulated other comprehensive loss at June 30, 2017 and December 31, 2016, were unrealized losses on interest only strip net of taxes of $38 thousand and $14 thousand, respectively. There were no reclassifications out of accumulated other comprehensive (loss) during the three and six months ended June 30, 2017 and 2016.

The amortized cost and estimated fair value of investment securities at June 30, 2017, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	Amortized Cost		Estimated Fair Value
	(Dollars in thousands)
Available for sale:
Due within one year	$	10,724	$	10,722
Due after one year through five years	7,603		7,774
Due after five years through ten years	41,483		42,101
Due after ten years	52,056		51,516
U.S. Government agency and U.S. Government sponsored enterprises
Collateralized mortgage obligations (residential)	791,774		783,594
Mortgage-backed securities (residential)	780,937		771,543
Mutual funds	13,425		13,132
Total	$	1,698,002	$	1,680,382

Securities with carrying values of approximately $362.1 million and $382.1 million at June 30, 2017 and December 31, 2016, respectively, were pledged to secure public deposits, various borrowings and for other purposes as required or permitted by law.

The following tables show our investments’ gross unrealized losses and estimated fair value, aggregated by investment category and the length of time that the individual securities have been in a continuous unrealized loss position as of the dates indicated.

	As of June 30, 2017
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Debt securities*	3	$	9,995	$	(6	)	—	$	—	$	—		3	$	9,995	$	(6	)
Collateralized mortgage obligations (residential)*	64	609,323		(6,834		)	9	73,507		(1,697		)	73	682,830		(8,531		)
Mortgage-backed securities (residential)*	58	608,637		(10,974		)	—	—		—			58	608,637		(10,974		)
Municipal securities	21	32,835		(849		)	1	519		(15		)	22	33,354		(864		)
Mutual funds	2	6,643		(73		)	1	5,002		(245		)	3	11,645		(318		)
Total	148	$	1,267,433	$	(18,736	)	11	$	79,028	$	(1,957	)	159	$	1,346,461	$	(20,693	)

__________________________________    

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

	As of December 31, 2016
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Collateralized mortgage obligations (residential)*	66	$	615,803	$	(9,459	)	4	$	36,333	$	(1,204	)	70	$	652,136	$	(10,663	)
Mortgage-backed securities (residential)*	57	622,797		(14,395		)	—	—		—			57	622,797		(14,395		)
Corporate securities	1	7,014		(2		)	1	4,113		(447		)	2	11,127		(449		)
Municipal securities	95	69,331		(1,537		)	—	—		—			95	69,331		(1,537		)
Mutual funds	3	13,058		(367		)	—	—		—			3	13,058		(367		)
Total	222	$	1,328,003	$	(25,760	)	5	$	40,446	$	(1,651	)	227	$	1,368,449	$	(27,411	)

__________________________________

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

The Company evaluates securities for other-than-temporary-impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the financial condition and near-term prospects of the issuer, the length of time and the extent to which the fair values of the securities have been less than the cost of the securities, and management’s intention to sell, or whether it is more likely than not that management will be required to sell a security in an unrealized loss position before recovery of its amortized cost basis. In analyzing an issuer’s financial condition, the Company considers, among other considerations, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition.

The Company has certain collateralized mortgage obligations, municipal securities, and mutual funds that were in a continuous unrealized loss position for twelve months or longer as of June 30, 2017. The collateralized mortgage obligations in a continuous loss position for twelve months or longer had an unrealized loss of $1.7 million at June 30, 2017. These securities were issued by U.S. Government agency and U.S. Government sponsored enterprises and have high credit ratings of “AA” grade or better. Interest on U.S. Government agency and U.S. Government sponsored enterprise investments have been paid as agreed, and management believes this will continue in the future and that the securities will be repaid in full as scheduled. Municipal securities that were in a continuous loss position for twelve months or longer had an unrealized loss of $15 thousand at June 30, 2017. Mutual funds that were in a continuous loss position for twelve months or longer had an unrealized loss of $245 thousand at June 30, 2017. The market value declines for these securities were primarily due to movements in interest rates and are not reflective of management’s expectations of the Company’s ability to fully recover these investments, which may be at maturity. For these reasons, no OTTI was recognized on U.S. Government sponsored collateralized mortgage obligations, municipal securities, and mutual funds that were in an unrealized loss position at June 30, 2017.

The Company considers the losses on the investments in unrealized loss positions at June 30, 2017 to be temporary based on: 1) the likelihood of recovery; 2) the information relative to the extent and duration of the decline in market value; and 3) the Company’s intention not to sell, and management’s determination that it is more likely than not that the Company will not be required to sell a security in an unrealized loss position before recovery of its amortized cost basis.

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Loans Receivable and Allowance for Loan Losses

6 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Loans Receivable and Allowance for Loan Losses

7.    Loans Receivable and Allowance for Loan Losses

The following is a summary of loans receivable by major category:

	June 30, 2017			December 31, 2016
	(Dollars in thousands)
Loan portfolio composition
Real estate loans:
Residential	$	60,544		$	57,884
Commercial	8,065,057			7,842,573
Construction	306,794			254,113
Total real estate loans	8,432,395			8,154,570
Commercial business	1,744,103			1,832,021
Trade finance	181,400			154,928
Consumer and other	460,446			403,470
Total loans outstanding	10,818,344			10,544,989
Deferred loan fees, net	(1,925		)	(1,657		)
Loans receivable	10,816,419			10,543,332
Allowance for loan losses	(80,074		)	(79,343		)
Loans receivable, net of allowance for loan losses	$	10,736,345		$	10,463,989

The loan portfolio is made up of four segments: real estate loans, commercial business, trade finance and consumer and other. These segments are further segregated between loans accounted for under the amortized cost method (“Legacy Loans”) and previously acquired loans that were originally recorded at fair value with no carryover of the related pre-acquisition allowance for loan losses (“Acquired Loans”). Acquired Loans are further segregated between purchased credit impaired loans (loans with credit deterioration on the acquisition date and accounted for under ASC 310-30, or “PCIs”) and Acquired Performing Loans (loans that were pass graded on the acquisition date and the fair value adjustment is amortized over the contractual life under ASC 310-20, or “non-PCI loans”).

The following table presents changes in the accretable discount on the PCI loans for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	51,651		$	22,097		$	38,591		$	23,777
Accretion	(5,212		)	(2,474		)	(10,560		)	(5,503		)
Reclassification from nonaccretable difference	7,218			527			25,626			1,876
Balance at end of period	$	53,657		$	20,150		$	53,657		$	20,150

On the acquisition date, the amount by which the undiscounted expected cash flows exceed the estimated fair value of the PCI loans is the “accretable yield.” The accretable yield is then measured at each financial reporting date and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. The accretable yield will change from period to period due to the following: 1) estimates of the remaining life of acquired loans will affect the amount of future interest income; 2) indices for variable rates of interest on PCI loans may change; and 3) estimates of the amount of the contractual principal and interest that will not be collected (nonaccretable difference) may change.

The following tables detail the activity in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2017 and 2016:

	Legacy Loans												Acquired Loans												Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance			Consumer and Other
	(Dollars in thousands)
Three Months Ended June 30, 2017
Balance, beginning of period	$	43,929		$	17,479		$	624		$	2,022		$	13,455		$	944		$	187		$	19		$	78,659
Provision (credit) for loan losses	(2,596		)	3,741			900			500			(69		)	374			(81		)	(9		)	2,760
Loans charged off	(892		)	(425		)	(528		)	(241		)	19			(55		)	—			—			(2,122		)
Recoveries	37			700			4			1			6			28			—			1			777
Balance, end of period	$	40,478		$	21,495		$	1,000		$	2,282		$	13,411		$	1,291		$	106		$	11		$	80,074
Six Months Ended June 30, 2017
Balance, beginning of period	$	38,956		$	23,430		$	1,897		$	2,116		$	12,791		$	117		$	—		$	36		$	79,343
Provision (credit) for loan losses	3,510			857			1,203			684			906			1,122			106			(28		)	8,360
Loans charged off	(2,046		)	(3,615		)	(2,104		)	(520		)	(317		)	(125		)	—			—			(8,727		)
Recoveries of charge offs	58			823			4			2			31			177			—			3			1,098
Balance, end of period	$	40,478		$	21,495		$	1,000		$	2,282		$	13,411		$	1,291		$	106		$	11		$	80,074

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended June 30, 2016
Balance, beginning of period	$	42,115		$	19,048		$	2,085		$	768		$	12,626		$	154		$	—	$	60		$	76,856
Provision (credit) for loan losses	1,375			(798		)	364			123			187			(42		)	—		(9		)	1,200
Loans charged off	—			(2,005		)	—			(50		)	(207		)	(33		)	—		—			(2,295		)
Recoveries	176			331			—			85			1			69			—		2			664
Balance, end of period	$	43,666		$	16,576		$	2,449		$	926		$	12,607		$	148		$	—	$	53		$	76,425
Six Months Ended June 30, 2016
Balance, beginning of period	$	42,829		$	16,332		$	3,592		$	556		$	12,823		$	214		$	—	$	62		$	76,408
Provision (credit) for loan losses	157			2,349			(1,143		)	399			105			(154		)	—		(13		)	1,700
Loans charged off	(19		)	(2,626		)	—			(115		)	(323		)	(33		)	—		—			(3,116		)
Recoveries of charge offs	699			521			—			86			2			121			—		4			1,433
Balance, end of period	$	43,666		$	16,576		$	2,449		$	926		$	12,607		$	148		$	—	$	53		$	76,425

The following tables break out the allowance for loan losses and the recorded investment of loans outstanding (not including accrued interest receivables and net deferred loan fees) by individually impaired, general valuation, and PCI impairment, by portfolio segment, at June 30, 2017 and December 31, 2016:

	June 30, 2017
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,907	$	6,303	$	3	$	30	$	256	$	451	$	—	$	—	$	8,950
Collectively evaluated for impairment	38,571		15,192		997		2,252		1,089		840		106		11		59,058
PCI loans	—		—		—		—		12,066		—		—		—		12,066
Total	$	40,478	$	21,495	$	1,000	$	2,282	$	13,411	$	1,291	$	106	$	11	$	80,074
Loans outstanding:
Individually evaluated for impairment	$	46,357	$	35,487	$	4,182	$	697	$	12,045	$	1,285	$	—	$	610	$	100,663
Collectively evaluated for impairment	5,829,796		1,235,783		105,921		264,028		2,365,273		419,050		68,108		183,065		10,471,024
PCI loans	—		—		—		—		178,924		52,498		3,189		12,046		246,657
Total	$	5,876,153	$	1,271,270	$	110,103	$	264,725	$	2,556,242	$	472,833	$	71,297	$	195,721	$	10,818,344

	December 31, 2016
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,889	$	4,420	$	864	$	50	$	113	$	73	$	—	$	—	$	7,409
Collectively evaluated for impairment	37,067		19,010		1,033		2,066		548		44		—		36		59,804
PCI loans	—		—		—		—		12,130		—		—		—		12,130
Total	$	38,956	$	23,430	$	1,897	$	2,116	$	12,791	$	117	$	—	$	36	$	79,343
Loans outstanding:
Individually evaluated for impairment	$	74,085	$	34,783	$	6,029	$	733	$	23,865	$	435	$	—	$	431	$	140,361
Collectively evaluated for impairment	5,271,262		1,079,348		75,365		179,961		2,597,200		650,710		70,535		206,802		10,131,183
PCI loans	—		—		—		—		188,158		66,745		2,999		15,543		273,445
Total	$	5,345,347	$	1,114,131	$	81,394	$	180,694	$	2,809,223	$	717,890	$	73,534	$	222,776	$	10,544,989

As of June 30, 2017 and December 31, 2016, the reserve for unfunded loan commitments recorded in other liabilities was $3.6 million and $3.2 million, respectively. For the three months ended June 30, 2017 and 2016, the recognized provision for unfunded commitments recorded in credit related expense was $201 thousand and $109 thousand, respectively. For the six months ended June 30, 2017 and 2016, the recognized provision (credit) for unfunded commitments was $442 thousand and $(461) thousand, respectively.

The recorded investment of individually impaired loans was as follows:

	June 30, 2017			December 31, 2016
	(Dollars in thousands)
With allocated specific allowance
Without charge off	$	37,636		$	59,638
With charge off	2,093			1,120
With no allocated specific allowance
Without charge off	54,707			76,775
With charge off	6,227			2,828
Specific allowance on impaired loans	(8,950		)	(7,409		)
Impaired loans, net of specific allowance	$	91,713		$	132,952

The following tables detail the recorded investment of impaired loans (Legacy Loans and Acquired Loans that became impaired subsequent to being originated and acquired, respectfully) as of June 30, 2017 and December 31, 2016 and average recorded investment and interest income recognized for the three and six months ended June 30, 2017 and 2016. Loans with no related allowance are believed by management to be adequately collateralized.

	As of June 30, 2017						As of December 31, 2016
Total Impaired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,464		1,583		134		2,095		2,384		90
Hotel & motel	1,843		2,606		109		6,387		6,387		337
Gas station & car wash	—		—		—		215		228		41
Mixed use	287		2,695		3		206		732		27
Industrial & warehouse	503		1,198		101		530		530		—
Other	4,755		5,000		1,816		22,580		22,825		1,507
Real estate—construction	—		—		—		—		—		—
Commercial business	26,770		27,146		6,754		26,543		27,161		4,493
Trade finance	4,035		4,035		3		2,111		2,156		864
Consumer and other	72		72		30		91		91		50
Subtotal	$	39,729	$	44,335	$	8,950	$	60,758	$	62,494	$	7,409
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	3,562	$	3,562	$	—
Real estate—commercial
Retail	9,675		11,057		—		12,753		13,290		—
Hotel & motel	12,817		18,499		—		6,122		11,735		—
Gas station & car wash	3,106		6,321		—		5,043		7,449		—
Mixed use	1,229		1,773		—		7,303		7,822		—
Industrial & warehouse	8,725		8,800		—		9,673		9,748		—
Other	12,698		13,870		—		20,181		21,492		—
Real estate—construction	1,300		1,441		—		1,300		1,441		—
Commercial business	10,002		13,452		—		8,675		9,472		—
Trade finance	147		147		—		3,918		3,918		—
Consumer and other	1,235		1,259		—		1,073		1,136		—
Subtotal	$	60,934	$	76,619	$	—	$	79,603	$	91,065	$	—
Total	$	100,663	$	120,954	$	8,950	$	140,361	$	153,559	$	7,409

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	For the Three Months Ended June 30, 2017				For the Three Months Ended June 30, 2016				For the Six Months Ended June 30, 2017				For the Six Months Ended June 30, 2016
Total Impaired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,022		4		1,486		—		1,380		7		1,614		—
Hotel & motel	4,119		16		2,925		16		4,875		32		3,515		32
Gas station & car wash	—		—		794		9		72		—		1,052		19
Mixed use	268		2		386		2		247		3		445		3
Industrial & warehouse	1,692		—		552		6		1,305		—		555		12
Other	13,584		60		24,257		274		16,583		117		24,372		550
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	23,154		233		35,826		271		24,284		456		34,393		481
Trade finance	2,018		106		6,286		16		2,049		157		8,373		57
Consumer and other	77		1		408		10		82		2		317		17
Subtotal	$	45,934	$	422	$	72,920	$	604	$	50,877	$	774	$	74,636	$	1,171
With no related allowance:
Real estate—residential	$	732	$	—	$	—	$	—	$	1,675	$	—	$	—	$	—
Real estate—commercial
Retail	13,214		82		10,029		79		13,060		161		10,454		160
Hotel & motel	9,545		—		8,922		49		8,404		—		8,479		98
Gas station & car wash	3,633		—		5,268		25		4,103		—		4,763		50
Mixed use	3,879		—		2,331		12		5,020		—		2,348		24
Industrial & warehouse	8,612		58		10,957		89		8,965		116		10,294		179
Other	14,173		81		10,676		43		16,176		162		11,534		85
Real estate—construction	2,078		—		1,321		—		1,819		—		1,337		—
Commercial business	9,953		41		13,022		140		9,527		83		12,034		281
Trade finance	2,298		2		2,225		56		2,838		3		1,484		109
Consumer and other	1,070		6		820		—		1,071		13		991		1
Subtotal	$	69,187	$	270	$	65,571	$	493	$	72,658	$	538	$	63,718	$	987
Total	$	115,121	$	692	$	138,491	$	1,097	$	123,535	$	1,312	$	138,354	$	2,158

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* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	As of June 30, 2017						As of December 31, 2016
Impaired Acquired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,194		1,313		128		1,826		2,114		85
Hotel & motel	260		1,005		2		—		—		—
Gas station & car wash	—		—		—		—		—		—
Mixed use	248		2,099		2		136		136		2
Industrial & warehouse	503		1,198		101		—		—		—
Other	328		332		23		337		341		26
Real estate—construction	—		—		—		—		—		—
Commercial business	714		764		451		294		339		73
Trade finance	—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—
Subtotal	$	3,247	$	6,711	$	707	$	2,593	$	2,930	$	186
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	679	$	679	$	—
Real estate—commercial
Retail	1,456		1,508		—		3,148		3,214		—
Hotel & motel	4,807		7,285		—		4,767		7,171		—
Gas station & car wash	460		903		—		1,568		1,815		—
Mixed use	46		274		—		5,315		5,551		—
Industrial & warehouse	64		64		—		66		66		—
Other	2,679		3,234		—		6,023		6,752		—
Real estate—construction	—		—		—		—		—		—
Commercial business	571		641		—		141		386		—
Trade finance	—		—		—		—		—		—
Consumer and other	610		624		—		431		484		—
Subtotal	$	10,693	$	14,533	$	—	$	22,138	$	26,118	$	—
Total	$	13,940	$	21,244	$	707	$	24,731	$	29,048	$	186

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	For the Three Months Ended June 30, 2017				For the Three Months Ended June 30, 2016				For the Six Months Ended June 30, 2017				For the Six Months Ended June 30, 2016
Impaired Acquired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	753		4		1,103		—		1,110		7		1,125		—
Hotel & motel	176		—		—		—		117		—		—		—
Gas station & car wash	—		—		—		—		—		—		339		—
Mixed use	249		2		316		2		212		3		375		3
Industrial & warehouse	251		—		—		—		168		—		—		—
Other	330		4		324		4		333		8		318		9
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	744		—		506		3		594		—		526		6
Trade finance	—		—		—		—		—		—		—		—
Consumer and other	—		—		80		2		—		—		53		4
Subtotal	$	2,503	$	10	$	2,329	$	11	$	2,534	$	18	$	2,736	$	22
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	226	$	—	$	—	$	—
Real estate—commercial
Retail	2,903		15		2,491		26		2,985		30		2,542		52
Hotel & motel	4,823		—		5,903		3		4,805		—		6,273		7
Gas station & car wash	539		—		1,593		25		882		—		1,458		50
Mixed use	2,664		—		271		3		3,548		—		272		5
Industrial & warehouse	65		1		1,090		2		65		2		1,103		5
Other	2,931		8		3,761		13		3,961		16		3,799		26
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	408		7		675		8		319		14		673		17
Trade finance	—		—		—		—		—		—		—		—
Consumer and other	441		2		371		—		437		4		467		1
Subtotal	$	14,774	$	33	$	16,155	$	80	$	17,228	$	66	$	16,587	$	163
Total	$	17,277	$	43	$	18,484	$	91	$	19,762	$	84	$	19,323	$	185

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

Generally, loans are placed on nonaccrual status if the principal and/or interest payments become 90 days past due and/or management deems the collectability of the principal and/or interest to be in question, as well as when required by regulatory requirements. Loans to customers whose financial condition has deteriorated are considered for nonaccrual status whether or not the loan is 90 days or more past due. Generally, payments received on nonaccrual loans are recorded as principal reductions. Loans are returned to accrual status only when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Company did not recognize any cash basis interest income for the three and six ended June 30, 2017 or 2016.

The following tables present the recorded investment of past due loans by the number of days past due as of June 30, 2017 and December 31, 2016 by class of loans:

	As of June 30, 2017
									Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	555		457		—		1,012		3,392		4,404
Hotel & motel	343		1,902		1,433		3,678		8,305		11,983
Gas station & car wash	—		—		—		—		2,646		2,646
Mixed use	539		—		—		539		1,221		1,760
Industrial & warehouse	—		—		—		—		3,472		3,472
Other	3,331		—		—		3,331		4,092		7,423
Real estate—construction	—		7,000		—		7,000		1,300		8,300
Commercial business	919		2,245		—		3,164		12,114		15,278
Trade finance	92		—		—		92		—		92
Consumer and other	131		137		246		514		300		814
Subtotal	$	5,910	$	11,741	$	1,679	$	19,330	$	36,842	$	56,172
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	—		137		—		137		1,022		1,159
Hotel & motel	—		—		—		—		5,067		5,067
Gas station & car wash	—		—		—		—		460		460
Mixed use	30		—		—		30		161		191
Industrial & warehouse	33		—		—		33		503		536
Other	5,491		—		77		5,568		1,861		7,429
Real estate—construction	95		—		—		95		—		95
Commercial business	660		859		—		1,519		761		2,280
Trade finance	—		—		—		—		—		—
Consumer and other	64		—		94		158		684		842
Subtotal	$	6,373	$	996	$	171	$	7,540	$	10,519	$	18,059
TOTAL	$	12,283	$	12,737	$	1,850	$	26,870	$	47,361	$	74,231

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.5 million. Includes nonaccrual loans less than 30 days past due totaling $14.7 million.

	As of December 31, 2016
									Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	480		—		—		480		3,672		4,152
Hotel & motel	1,836		3,137		—		4,973		1,392		6,365
Gas station & car wash	362		—		—		362		3,690		4,052
Mixed use	—		—		—		—		1,305		1,305
Industrial & warehouse	—		697		—		697		1,922		2,619
Other	2,871		—		—		2,871		4,007		6,878
Real estate—construction	—		1,513		—		1,513		1,300		2,813
Commercial business	558		815		—		1,373		9,371		10,744
Trade finance	—		500		—		500		2,056		2,556
Consumer and other	146		58		305		509		229		738
Subtotal	$	6,253	$	6,720	$	305	$	13,278	$	28,944	$	42,222
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	679	$	679
Real estate—commercial
Retail	1,611		—		—		1,611		1,871		3,482
Hotel & motel	95		—		—		95		4,501		4,596
Gas station & car wash	68		340		—		408		993		1,401
Mixed use	—		—		—		—		48		48
Industrial & warehouse	257		—		—		257		—		257
Other	350		—		—		350		2,144		2,494
Real estate—construction	—		—		—		—		—		—
Commercial business	1,303		684		—		1,987		345		2,332
Trade finance	—		—		—		—		—		—
Consumer and other	331		25		—		356		549		905
Subtotal	$	4,015	$	1,049	$	—	$	5,064	$	11,130	$	16,194
TOTAL	$	10,268	$	7,769	$	305	$	18,342	$	40,074	$	58,416

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.9 million. Includes nonaccrual loans less than 30 days past due totaling $18.3 million.

Loans accounted for under ASC 310-30 are generally considered accruing and performing loans and the accretable discount is accreted to interest income over the estimated life of the loan when cash flows are reasonably estimable. Accordingly, PCI loans that are contractually past due are still considered to be accruing and performing loans. The loans may be classified as nonaccrual if the timing and amount of future cash flows is not reasonably estimable.

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including, but not limited to, current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes all non-homogeneous loans. This analysis is performed at least on a quarterly basis. The definitions for risk ratings are as follows:

• Pass: Loans that meet a preponderance or more of the Company’s underwriting criteria and evidence an acceptable level of risk.

• Special Mention: Loans that have potential weaknesses that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

• Substandard: Loans that are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. Loans in this classification have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

• Doubtful: Loans that have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

The following tables present the recorded investment of risk ratings for Legacy and Acquired Loans as of June 30, 2017 and December 31, 2016 by class of loans:

	As of June 30, 2017
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	39,957	$	1,497	$	1,456	$	—	$	42,910
Real estate—commercial
Retail	1,468,439		23,024		20,725		—		1,512,188
Hotel & motel	1,185,023		10,770		12,243		—		1,208,036
Gas station & car wash	675,710		11,422		6,244		—		693,376
Mixed use	400,257		438		1,380		—		402,075
Industrial & warehouse	570,413		21,390		9,924		—		601,727
Other	1,103,423		38,537		45,035		—		1,186,995
Real estate—construction	212,195		13,774		2,877		—		228,846
Commercial business	1,165,079		27,779		76,204		2,208		1,271,270
Trade finance	106,218		3,738		147		—		110,103
Consumer and other	263,859		4		862		—		264,725
Subtotal	$	7,190,573	$	152,373	$	177,097	$	2,208	$	7,522,251
Acquired Loans:
Real estate—residential	$	17,368	$	266	$	—	$	—	$	17,634
Real estate—commercial
Retail	695,235		10,389		20,013		—		725,637
Hotel & motel	302,653		12,599		17,979		—		333,231
Gas station & car wash	237,757		8,135		9,444		—		255,336
Mixed use	108,020		5,942		11,002		8		124,972
Industrial & warehouse	293,708		13,475		16,158		273		323,614
Other	639,150		38,599		20,121		—		697,870
Real estate—construction	77,948		—		—		—		77,948
Commercial business	432,487		8,592		31,302		452		472,833
Trade finance	68,108		—		3,189		—		71,297
Consumer and other	188,840		687		5,267		927		195,721
Subtotal	$	3,061,274	$	98,684	$	134,475	$	1,660	$	3,296,093
Total	$	10,251,847	$	251,057	$	311,572	$	3,868	$	10,818,344

	As of December 31, 2016
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	34,283	$	223	$	2,883	$	—	$	37,389
Real estate—commercial
Retail	1,303,452		18,929		15,430		—		1,337,811
Hotel & motel	1,187,709		12,763		9,026		—		1,209,498
Gas station & car wash	643,282		7,259		3,690		—		654,231
Mixed use	375,312		—		1,467		—		376,779
Industrial & warehouse	478,528		29,830		13,745		—		522,103
Other	969,024		22,220		41,017		—		1,032,261
Real estate—construction	159,230		14,745		1,300		—		175,275
Commercial business	1,032,232		15,919		65,885		95		1,114,131
Trade finance	68,051		5,673		7,670		—		81,394
Consumer and other	179,864		1		829		—		180,694
Subtotal	$	6,430,967	$	127,562	$	162,942	$	95	$	6,721,566
Acquired Loans:
Real estate—residential	$	18,007	$	1,809	$	679	$	—	$	20,495
Real estate—commercial
Retail	772,465		9,860		21,110		—		803,435
Hotel & motel	328,396		5,419		18,233		—		352,048
Gas station & car wash	249,379		8,437		11,338		—		269,154
Mixed use	118,643		3,105		12,505		8		134,261
Industrial & warehouse	321,040		31,819		9,048		315		362,222
Other	736,385		23,286		29,099		—		788,770
Real estate—construction	78,838		—		—		—		78,838
Commercial business	649,186		31,340		37,265		99		717,890
Trade finance	70,535		61		2,938		—		73,534
Consumer and other	214,437		958		5,949		1,432		222,776
Subtotal	$	3,557,311	$	116,094	$	148,164	$	1,854	$	3,823,423
Total	$	9,988,278	$	243,656	$	311,106	$	1,949	$	10,544,989

The Company reclassifies loans held for investment to loans held for sale in the event that the Company plans to sell loans that were originated with the intent to hold to maturity. Loans transferred from held to investment to held for sale are carried at the lower of cost or fair value. The breakdown of loans by type that were reclassified from held to investment to held for sale for the three and six months ended June 30, 2017 and 2016 is presented in the following table:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Transfer of loans receivable to held for sale	(Dollars in thousands)
Real estate - commercial	$	2,671	$	—	$	11,370	$	—
Commercial business	2,243		—		2,995		—
Consumer	225		—		225		400
Total	$	5,139	$	—	$	14,590	$	400

The adequacy of the allowance for loan losses is determined by management based upon an evaluation and review of the credit quality of the loan portfolio, consideration of historical loan loss experience, relevant internal and external factors that affect the collection of a loan, and other pertinent factors.

Migration analysis is a formula methodology derived from the Bank’s actual historical net charge off experience for each loan class (type) or pool and risk grade. The migration analysis is centered on the Bank’s internal credit risk rating system. Management’s internal loan review and external contracted credit review examinations are used to determine and validate loan risk grades. This credit review system takes into consideration factors such as: borrower’s background and experience; historical and current financial condition; credit history and payment performance; economic conditions and their impact on various industries; type, fair value and volatility of the fair value of collateral; lien position; and the financial strength of any guarantors.

A general loan loss allowance is provided on loans not specifically identified as impaired (“non-impaired loans”). The Bank’s general loan loss allowance has two components: quantitative and qualitative risk factors. The quantitative risk factors are based on the migration analysis methodology described above. The loans are classified by class and risk grade, and the historical loss migration is tracked for the various classes. Loss experience is quantified for a specified period and then weighted to place more significance on the most recent losses. That loss experience is then applied to the stratified portfolio at the end of each quarter. For PCI loans, a general loan loss allowance is provided to the extent that there has been credit deterioration since the date of acquisition. 

Additionally, in order to systematically quantify the credit risk impact of other trends and changes within the loan portfolio, the Bank utilizes qualitative adjustments to the migration analysis within established parameters. The parameters for making adjustments are established under a Credit Risk Matrix that provides seven possible scenarios for each of the factors below. The matrix allows for up to three positive (Major, Moderate, and Minor), three negative (Major, Moderate, and Minor), and one neutral credit risk scenarios within each factor for each loan type or pool. However, if information exists to warrant adjustment to the migration analysis, changes are made in accordance with the established parameters supported by narrative and/or statistical analysis. The Credit Risk Matrix and the nine possible scenarios enable the Bank to qualitatively adjust the Loss Migration Ratio by as much as 50 basis points in either direction (positive or negative) for each loan type pool. This matrix considers the following nine factors, which are patterned after the guidelines provided under the FFIEC Interagency Policy Statement on the Allowance for Loan and Lease Losses:

• Changes in lending policies and procedures, including underwriting standards and collection, charge off, and recovery practices;

• Changes in national and local economic and business conditions and developments, including the condition of various market segments;

• Changes in the nature and volume of the loan portfolio;

• Changes in the experience, ability and depth of lending management and staff;

• Changes in the trends of the volume and severity of past due loans, classified loans, nonaccrual loans, troubled debt restructurings and other loan modifications;

• Changes in the quality of our loan review system and the degree of oversight by the Directors;

• Changes in the value of underlying collateral for collateral-dependent loans;

• The existence and effect of any concentrations of credit and changes in the level of such concentrations; and

• The effect of external factors, such as competition and legal and regulatory requirements, on the level of estimated losses in our loan portfolio.

The Company also establishes specific loss allowances for loans that have identified potential credit risk conditions or circumstances related to a specific individual credit. The specific allowance amounts are determined in accordance with ASC 310-10-35-22, “Measurement of Impairment.” The loans identified as impaired will be accounted for in accordance with one of the three acceptable valuation methods: 1) the present value of future cash flows discounted at the loan’s effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral, if the loan is collateral dependent. For the collateral dependent impaired loans, management obtains a new appraisal to determine the amount of impairment as of the date that the loan became impaired. The appraisals are based on an “as is” valuation. To ensure that appraised values remain current, management either obtains updated appraisals every twelve months from a qualified independent appraiser or an internal evaluation of the collateral is performed by qualified personnel. If the third party market data indicates that the value of the collateral property has declined since the most recent valuation date, management adjusts the value of the property downward to reflect current market conditions. If the fair value of the collateral is less than the recorded amount of the loan, management recognizes impairment by creating or adjusting an existing valuation allowance with a corresponding charge to the provision for loan losses. If an impaired loan is expected to be collected through liquidation or operation of the underlying collateral, the loan is deemed to be collateral dependent and the amount of impairment is charged off against the allowance for loan losses.

The Company considers a loan to be impaired when it is probable that not all amounts due (principal and interest) will be collectible in accordance with the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The significance of payment delays and payment shortfalls is determined on a case-by-case basis by taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

For commercial business loans, real estate loans, and certain consumer loans, management bases the measurement of loan impairment on the present value of the expected future cash flows, discounted at the loan’s effective interest rate, or on the fair value of the loan’s collateral if the loan is collateral dependent. Management evaluates most consumer loans for impairment on a collective basis because these loans generally have smaller balances and are homogeneous in the underwriting of terms and conditions and in the types of collateral.

For PCI loans, the allowance for loan losses is based upon expected cash flows for these loans. To the extent that a deterioration in borrower’s credit quality results in a decrease in expected cash flows subsequent to the acquisition of the loans, an allowance for loan losses would be established based on an estimate of future credit losses over the remaining life of the loans. Provision for loan losses on acquired loans for the three months ended June 30, 2017 was $215 thousand of which included $70 thousand in credit for loan losses related to PCI loans. Provision for loan losses on acquired loans for the six months ended June 30, 2017 was $2.1 million of which included $64 thousand in credit for loan losses related to PCI loans.

The following table presents breakdown of loans by impairment method at June 30, 2017 and December 31, 2016:

	As of June 30, 2017
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	—		$	57,102		$	1,300		$	36,772		$	4,182		$	1,307		$	100,663
Specific allowance	$	—		$	2,163		$	—		$	6,754		$	3		$	30		$	8,950
Allowance coverage ratio	N/A			3.79		%	—		%	18.37		%	0.07		%	2.30		%	8.89		%
Other loans	$	60,544		$	8,007,955		$	305,494		$	1,707,331		$	177,218		$	459,139		$	10,717,681
General allowance	$	171		$	49,739		$	1,816		$	16,032		$	1,103		$	2,263		$	71,124
Allowance coverage ratio	0.28		%	0.62		%	0.59		%	0.94		%	0.62		%	0.49		%	0.66		%
Total loans	$	60,544		$	8,065,057		$	306,794		$	1,744,103		$	181,400		$	460,446		$	10,818,344
Total allowance for loan losses	$	171		$	51,902		$	1,816		$	22,786		$	1,106		$	2,293		$	80,074
Allowance coverage ratio	0.28		%	0.64		%	0.59		%	1.31		%	0.61		%	0.50		%	0.74		%

	As of December 31, 2016
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	3,562		$	93,088		$	1,300		$	35,218		$	6,029		$	1,164		$	140,361
Specific allowance	$	—		$	2,002		$	—		$	4,493		$	864		$	50		$	7,409
Allowance coverage ratio	—		%	2.15		%	—		%	12.76		%	14.33		%	4.30		%	5.28		%
Other loans	$	54,322		$	7,749,485		$	252,813		$	1,796,803		$	148,899		$	402,306		$	10,404,628
General allowance	$	209		$	47,915		$	1,621		$	19,054		$	1,033		$	2,102		$	71,934
Allowance coverage ratio	0.38		%	0.62		%	0.64		%	1.06		%	0.69		%	0.52		%	0.69		%
Total loans	$	57,884		$	7,842,573		$	254,113		$	1,832,021		$	154,928		$	403,470		$	10,544,989
Total allowance for loan losses	$	209		$	49,917		$	1,621		$	23,547		$	1,897		$	2,152		$	79,343
Allowance coverage ratio	0.36		%	0.64		%	0.64		%	1.29		%	1.22		%	0.53		%	0.75		%

Under certain circumstances, the Company provides borrowers relief through loan modifications. These modifications are either temporary in nature (“temporary modifications”) or are more substantive. The temporary modifications generally consist of interest only payments for a three to six month period, whereby principal payments are deferred. At the end of the modification period, the remaining principal balance is re-amortized based on the original maturity date. Loans subject to temporary modifications are generally downgraded to Special Mention or Substandard. At the end of the modification period, the loan either 1) returns to the original contractual terms; 2) is further modified and accounted for as a troubled debt restructuring in accordance with ASC 310-10-35; or 3) is disposed of through foreclosure or liquidation.

Troubled Debt Restructurings (“TDRs”) of loans are defined by ASC 310-40, “Troubled Debt Restructurings by Creditors” and evaluated for impairment in accordance with ASC 310-10-35. The concessions may be granted in various forms, including reduction in the stated interest rate, reduction in the amount of principal amortization, forgiveness of a portion of a loan balance or accrued interest, or extension of the maturity date. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed on the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Bank’s internal underwriting policy. At June 30, 2017, total TDR loans were $69.0 million, compared to $70.9 million at December 31, 2016.

A summary of the recorded investment of TDRs on accrual and nonaccrual status by type of concession as of June 30, 2017 and December 31, 2016 is presented below:

	As of June 30, 2017
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,099	$	201	$	—	$	16,300	$	1,858	$	1,249	$	—	$	3,107	$	19,407
Maturity / amortization concession	2,925		22,545		4,676		30,146		1,691		4,834		324		6,849		36,995
Rate concession	5,546		1,152		146		6,844		5,395		369		—		5,764		12,608
Total	$	24,570	$	23,898	$	4,822	$	53,290	$	8,944	$	6,452	$	324	$	15,720	$	69,010

	As of December 31, 2016
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,358	$	29	$	—	$	16,387	$	4,417	$	1,717	$	—	$	6,134	$	22,521
Maturity / amortization concession	1,840		17,471		4,600		23,911		1,313		6,130		2,287		9,730		33,641
Rate concession	6,856		1,665		55		8,576		5,590		387		155		6,132		14,708
Total	$	25,054	$	19,165	$	4,655	$	48,874	$	11,320	$	8,234	$	2,442	$	21,996	$	70,870

TDRs on accrual status are comprised of loans that were accruing at the time of restructuring and for which the Bank anticipates full repayment of both principal and interest under the restructured terms. TDRs that are on nonaccrual status can be returned to accrual status after a period of sustained performance, generally determined to be six months of timely payments as modified.  Sustained performance includes the periods prior to the modification if the prior performance met or exceeded the modified terms. TDRs on accrual status at June 30, 2017 were comprised of 20 commercial real estate loans totaling $24.6 million, 20 commercial business loans totaling $23.9 million, and 28 other loans totaling $4.8 million. TDRs on accrual status at December 31, 2016 were comprised of 20 commercial real estate loans totaling $25.1 million, 23 commercial business loans totaling $19.2 million and 19 other loans totaling $4.7 million. The Company expects that TDRs on accrual status as of June 30, 2017, which were all performing in accordance with their restructured terms, to continue to comply with the restructured terms because of the reduced principal or interest payments on these loans. TDRs that were restructured at market interest rates and had sustained performance as agreed under the modified loan terms may be reclassified as non-TDRs after each year end but are reserved for under ASC 310-10.

The Company has allocated $5.6 million and $5.3 million of specific reserves to TDRs as of June 30, 2017 and December 31, 2016, respectively. 

The following table presents the recorded investment of loans classified as TDR within the three and six months ended June 30, 2017 and June 30, 2016 by class of loans:

	Three Months Ended June 30, 2017					Three Months Ended June 30, 2016
	Number of Loans	Pre- Modification		Post- Modification		Number of Loans	Pre- Modification		Post- Modification
	(Dollars in thousands)
Legacy Loans:
Real estate—commercial
Retail	1	$	660	$	641	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate - construction	—	—		—		—	—		—
Commercial business	3	5,193		5,163		2	113		114
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		1	—		111
Subtotal	4	$	5,853	$	5,804	3	$	113	$	225
Acquired Loans:
Real estate—commercial
Retail	1	$	128	$	125	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate—construction	—	—		—		—	—		—
Commercial business	—	—		—		—	—		—
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		—	—		—
Subtotal	1	$	128	$	125	—	$	—	$	—
Total	5	$	5,981	$	5,929	3	$	113	$	225

	Six Months Ended June 30, 2017					Six Months Ended June 30, 2016
	Number of Loans	Pre- Modification		Post- Modification		Number of Loans	Pre- Modification		Post- Modification
	(Dollars in thousands)
Legacy Loans:
Real estate—commercial
Retail	1	$	660	$	641	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate - construction	—	—		—		—	—		—
Commercial business	5	6,873		6,379		8	11,201		7,755
Trade finance	—	—		—		1	2,199		1,458
Consumer and other	—	—		—		1	—		111
Subtotal	6	$	7,533	$	7,020	10	$	13,400	$	9,324
Acquired Loans:
Real estate—commercial
Retail	2	$	221	$	220	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate—construction	—	—		—		—	—		—
Commercial business	2	649		503		—	—		—
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		1	30		27
Subtotal	4	$	870	$	723	1	$	30	$	27
Total	10	$	8,403	$	7,743	11	$	13,430	$	9,351

For TDRs modified during the three months ended June 30, 2017, the Company recorded totaled $1.1 million in specific reserves. There were no charge offs of TDR loans modified during the three months ended June 30, 2017. TDRs modified during the six months ended June 30, 2017 had $1.1 million in specific reserves. Charge offs for TDR loans modified during the six months ended June 30, 2017 totaled $131 thousand.

TDR loans modified during the three and six months ended June 30, 2016 had specific reserves of $69 thousand. There were no charge offs of TDR loans modified during the three and six months ended June 30, 2016.

The following table presents loans modified as TDRs within the previous twelve months ended June 30, 2017 and June 30, 2016 that subsequently had payment defaults during the three and six months ended June 30, 2017 and June 30, 2016:

	Three Months Ended June 30, 2017			Three Months Ended June 30, 2016
	Number of Loans	Balance		Number of Loans	Balance
	(Dollars In thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	1	$	489
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	1	796		—	—
Real estate—construction	—	—		—	—
Commercial business	2	846		8	5,210
Trade finance	—	—		1	2,886
Consumer and other	—	—		—	—
Subtotal	3	$	1,642	10	$	8,585
Acquired Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	10		—	—
Trade finance	—	—		—	—
Consumer and other	—	—		1	27
Subtotal	1	$	10	1	$	27
Total	4	$	1,652	11	$	8,612

	Six Months Ended June 30, 2017				Six Months Ended June 30, 2016
	Number of Loans		Balance		Number of Loans	Balance
	(Dollars In thousands)
Legacy Loans:
Real estate—commercial
Retail	—		$	—	1	$	489
Hotel & motel	—		—		—	—
Gas station & car wash	—		—		—	—
Mixed Use	—		—		—	—
Industrial & warehouse	—	—	—		—	—
Other	1		796		—	—
Real estate—construction	—		—		—	—
Commercial business	2		846		8	5,210
Trade finance	—		—		1	2,886
Consumer and other	—		—		—	—
Subtotal	3		$	1,642	10	$	8,585
Acquired Loans:
Real estate—commercial
Retail	—		$	—	—	$	—
Hotel & motel	—		—		—	—
Gas station & car wash	—		—		—	—
Mixed Use	—		—		—	—
Industrial & warehouse	—		—		—	—
Other	—		—		—	—
Real estate—construction	—		—		—	—
Commercial business	1		10		—	—
Trade finance	—		—		—	—
Consumer and other	—		—		1	27
Subtotal	1		$	10	1	$	27
Total	4		$	1,652	11	$	8,612

A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. As of June 30, 2017, the specific reserves totaled $181 thousand for the TDRs that had payment defaults during the three and six months ended June 30, 2017. The total charge offs for the TDRs that had payment defaults during the three and six months ended June 30, 2017 were $0 and $131 thousand, respectively.

There were three Legacy Loans that subsequently defaulted during the three and six months ended June 30, 2017 that were modified as follows: one Real Estate Commercial loan totaling $796 thousand was modified through payment concession, two commercial business loans totaling $846 thousand were modified through maturity concessions. There was one commercial business Acquired Loan totaling $10 thousand that subsequently defaulted during the three and six months ended June 30, 2017 that was modified through payment concession.

As of June 30, 2016, the specific reserves totaled $2.5 million for the TDRs that had payment defaults during the three and six months ended June 30, 2016. The total charge offs for the TDRs that had payment defaults during the three and six months ended June 30, 2016 were $30 thousand.

There were ten Legacy Loans that subsequently defaulted during the three and six months ended June 30, 2016 that were modified as follows: four Commercial Business loans totaling $496 thousand were modified through payment concessions, four Commercial Business loans totaling $4.7 million were modified through maturity concessions, one Real Estate Commercial loan totaling $489 thousand was modified through maturity concession, and one Trade Finance loan totaling $2.9 million was modified through maturity concession. There was one Consumer and other Acquired Loan totaling $27 thousand that defaulted during the three and six months ended June 30, 2016 that was modified through maturity concession.

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Deposits

6 Months Ended

Jun. 30, 2017

Banking and Thrift [Abstract]

Deposits

Deposits

The aggregate amount of time deposits in denominations of $250,000 or more at June 30, 2017 and December 31, 2016, was $1.58 billion and $1.55 billion, respectively. Included in time deposits of $250,000 or more were $300.0 million in California State Treasurer’s deposits at June 30, 2017 and December 31, 2016. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. The Company is required to pledge eligible collateral of at least 110% of outstanding deposits. At June 30, 2017 and December 31, 2016, securities with carrying values of approximately $342.3 million and $371.6 million, respectively, were pledged as collateral for the California State Treasurer’s deposit.

The Company also utilizes brokered deposits as a secondary source of funds. Total brokered deposits at June 30, 2017 and December 31, 2016, totaled $814.7 million and $724.7 million, respectively.

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Borrowings

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Borrowings

Borrowings

The Company maintains a line of credit with the FHLB of San Francisco for use as a secondary source of funds. The borrowing capacity with the FHLB is limited to the lower of 25% of the Bank’s total assets or the Bank’s collateral capacity, which was $3.24 billion at June 30, 2017, and $3.38 billion at December 31, 2016. The terms of this credit facility require the Company to pledge eligible collateral with the FHLB equal to at least 100% of outstanding advances.

At June 30, 2017 and December 31, 2016, real estate secured loans with a carrying amount of approximately $4.74 billion and $5.53 billion, respectively, were pledged at the FHLB. At June 30, 2017 and December 31, 2016, other than FHLB stock, no securities were pledged as collateral at FHLB. The purchase of FHLB stock is a prerequisite to become a member of the FHLB system, and the Company is required to own a certain amount of stock based on outstanding borrowings.

At June 30, 2017 and December 31, 2016, FHLB advances totaled $793.4 million and $754.3 million, respectively, had weighted average effective interest rates of 1.34% and 1.22%, respectively, and had various maturities through June 2022. The Company had a putable advance at June 30, 2017 and December 31, 2016, totaling $20.0 million and $20.2 million, respectively, with a quarterly put date. The effective interest rate of FHLB advances as of June 30, 2017 ranged between 0.84% and 2.02%. At June 30, 2017, the Company’s remaining borrowing capacity with the FHLB was $2.44 billion.

At June 30, 2017, the contractual maturities for FHLB advances were as follows:

	Contractual Maturities		Maturity/ Put Date
	(Dollars in thousands)
Due within one year	$	280,004	$	280,004
Due after one year through five years	513,399		513,399
Total	$	793,403	$	793,403

As a member of the FRB system, the Bank may also borrow from the FRB of San Francisco. The maximum amount that the Bank may borrow from the FRB’s discount window is up to 95% of the outstanding principal balance of the qualifying loans and the fair value of the securities that are pledged. At June 30, 2017, the outstanding principal balance of the qualifying loans was $680.3 million, and the fair value of investment securities was $5.7 million. There were no borrowings outstanding at the FRB discount window as of June 30, 2017 and December 31, 2016.

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Subordinated Debentures

6 Months Ended

Jun. 30, 2017

Subordinated Borrowings [Abstract]

Subordinated Debentures

Subordinated Debentures

At June 30, 2017, the Company had nine wholly owned subsidiary grantor trusts that had issued $126.0 million of pooled trust preferred securities. Trust preferred securities accrue and pay distributions periodically at specified annual rates as provided in the indentures. The trusts used the net proceeds from the offering to purchase a like amount of subordinated debentures (the “Debentures”). The Debentures are the sole assets of the trusts. The Company’s obligations under the subordinated debentures and related documents, taken together, constitute a full and unconditional guarantee by the Company of the obligations of the trusts. The trust preferred securities are mandatorily redeemable upon the maturity of the Debentures, or upon earlier redemption as provided in the indentures. The Company now has the right to redeem the Debentures in whole (but not in part) on a quarterly basis at a redemption price specified in the indentures plus any accrued but unpaid interest to the redemption date. The Company also has a right to defer consecutive payments of interest on the debentures for up to five years.

The following table is a summary of trust preferred securities and Debentures at June 30, 2017:

Issuance Trust	Issuance Date	Trust Preferred Security Amount		Carrying Value of Debentures		Rate Type	Current Rate	Maturity Date
		(Dollars in thousands)
Nara Capital Trust III	06/05/2003	$	5,000	$	5,155	Variable	4.40%	06/15/2033
Nara Statutory Trust IV	12/22/2003	5,000		5,155		Variable	4.01%	01/07/2034
Nara Statutory Trust V	12/17/2003	10,000		10,310		Variable	4.22%	12/17/2033
Nara Statutory Trust VI	03/22/2007	8,000		8,248		Variable	2.90%	06/15/2037
Center Capital Trust I	12/30/2003	18,000		13,731		Variable	4.01%	01/07/2034
Wilshire Statutory Trust II	03/17/2005	20,000		15,210		Variable	3.06%	03/17/2035
Wilshire Statutory Trust III	09/15/2005	15,000		10,679		Variable	2.65%	09/15/2035
Wilshire Statutory Trust IV	07/10/2007	25,000		17,343		Variable	2.63%	09/15/2037
Saehan Capital Trust I	03/30/2007	20,000		14,497		Variable	2.92%	06/30/2037
Total		$	126,000	$	100,328

The Company’s investment in the common trust securities of the issuer trusts was $3.9 million at June 30, 2017 and is included in other assets. Although the subordinated debt issued by the trusts are not included as a component of stockholders’ equity in the consolidated balance sheets, the debt is treated as capital for regulatory purposes. The trust preferred security debt issuances are includable in Tier I capital up to a maximum of 25% of capital on an aggregate basis. Any amount that exceeds 25% qualifies as Tier 2 capital.

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Derivative Financial Instruments (Notes)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

he following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

	As of June 30, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	4,207	$	31		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	6,143	$	19		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	2,732	$	(7	)	$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	796	$	(2	)	$	9,755	$	(38	)

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Goodwill, Intangible Assets, and Servicing Assets

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Intangible Assets, and Servicing Assets

Goodwill, Intangible Assets, and Servicing Assets

Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. At December 31, 2016, management assessed the qualitative factors related to goodwill for the year to determine whether it was more-likely-than-not that the fair value was less than its carrying amount. Based on the analysis of these factors, management determined that it was more-likely-than-not that the fair value of goodwill exceeded the carrying value and that the two-step impairment test was not needed. Goodwill is not amortized for book purposes and is not tax deductible.

The carrying amount of the Company’s goodwill as of June 30, 2017 and December 31, 2016 was $464.5 million and $463.0 million, respectively. There was no impairment of goodwill during the three or six months ended June 30, 2017. Goodwill recorded in the third quarter of 2016 from the acquisition of Wilshire totaled $359.0 million. During the fourth quarter of 2016, the Company made a net adjustment of $1.4 million to the deferred tax assets and taxes receivable acquired from Wilshire which reduced the previous goodwill recorded from the transaction by $1.4 million. Subsequently in the first quarter of 2017, the Company made a net adjustment of $978 thousand to OREO and deferred tax assets acquired from Wilshire which increased goodwill recorded from the Wilshire transaction by $978 thousand. During the second quarter of 2017, the Company made an adjustment of $475 thousand to deferred tax assets which increased goodwill by the same amount. These adjustments were made to reflect new information obtained about facts and circumstances that existed as of the acquisition date in accordance with ASC 805-10-25-13. At June 30, 2017, goodwill related to the acquisition of Wilshire totaled $359.0 million.

Core deposit intangible assets are amortized over their estimated lives, which range from seven to ten years. Amortization expense related to core deposit intangible assets totaled $676 thousand and $212 thousand for the three months ended June 30, 2017 and 2016, respectively. The amortization expense related to core deposit intangible assets totaled $1.4 million and $425 thousand for the six months ended June 30, 2017 and 2016, respectively. The following table provides information regarding the core deposit intangibles at June 30, 2017:

		As of June 30, 2017
	Amortization period	Gross Carrying Amount		Accumulated Amortization
		(Dollars in thousands)
Core deposit—Center Financial acquisition	7 years	$	4,100	$	(3,825	)
Core deposit—PIB acquisition	7 years	603		(500		)
Core deposit—Foster acquisition	10 years	2,763		(1,490		)
Core deposit—Wilshire acquisition	10 years	18,138		(1,915		)
Total		$	25,604	$	(7,730	)

Servicing assets are recognized when SBA or residential mortgage loans are sold with servicing retained with the income statement effect recorded in net gains on sales of SBA and other loans. Servicing assets are initially recorded at fair value based on the present value of the contractually specified servicing fee, net of servicing costs, over the estimated life of the loan, using a discount rate based on the related note rate. The Company’s servicing costs approximates the industry average servicing costs. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans.

Management periodically evaluates servicing assets for impairment based upon the fair value of the rights as compared to the carrying amount. Impairment is determined by stratifying rights into groupings based on loan type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. As of June 30, 2017 and December 31, 2016, the Company did not have a valuation allowance for servicing assets.

The changes in servicing assets for the three and six months ended June 30, 2017 and 2016 were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	25,941		$	11,856		$	26,457		$	12,000
Additions through originations of servicing assets	1,316			1,309			2,612			2,087
Amortization	(1,919		)	(972		)	(3,731		)	(1,894		)
Balance at end of period	$	25,338		$	12,193		$	25,338		$	12,193

Loans serviced for others are not reported as assets. The principal balances of loans serviced for other institutions were $1.50 billion as of June 30, 2017 and $1.55 billion as of December 31, 2016.

The Company utilizes the discounted cash flow method to calculate the initial excess servicing assets. The inputs used in determining the impairment of the servicing assets at June 30, 2017 and December 31, 2016 are presented below.

	June 30, 2017	December 31, 2016
SBA Servicing Assets:
Weighted-average discount rate	10.13%	9.85%
Constant prepayment rate	8.20%	8.05%
Mortgage Servicing Assets:
Weighted-average discount rate	9.63%	7.25%
Constant prepayment rate	9.13%	13.77%

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Income Taxes

6 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For the second quarter of 2017, the Company had an income tax provision totaling $25.5 million on pretax income of $66.1 million, representing an effective tax rate of 38.48%, compared with an income tax provision of $16.8 million on pretax income of $40.2 million, representing an effective tax rate of 41.85% for the second quarter of 2016. For the six months ended June 30, 2017, the Company had an income tax provision totaling $48.5 million on pretax income of $125.3 million, representing an effective tax rate of 38.65%, compared with an income tax provision of $33.0 million on pretax income of $80.1 million, representing an effective tax rate of 41.28% for the six months ended June 30, 2016.

The reduction in effective tax rate for periods in 2017 compared to periods in 2016 was primarily due to the increase in affordable housing partnership investment tax credits for the three and six months ended June 30, 2017 compared to the same periods in 2016.

A reconciliation of the difference between the federal statutory income tax rate and the effective tax rate is shown in the following table for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Statutory tax rate	35.00	%	35.00	%	35.00	%	35.00	%
State taxes-net of federal tax effect	7.16	%	7.27	%	7.16	%	7.27	%
Affordable housing partnership investment tax credit	(3.15	)%	(1.30	)%	(3.15	)%	(1.30	)%
Bank owned life insurance	(0.16	)%	(0.24	)%	(0.16	)%	(0.24	)%
Municipal securities	(0.25	)%	(0.21	)%	(0.25	)%	(0.21	)%
Nondeductible transaction costs	0.08	%	0.52	%	0.08	%	0.52	%
Other	(0.20	)%	0.81	%	(0.03	)%	0.24	%
Effective income tax rate	38.48	%	41.85	%	38.65	%	41.28	%

The Company and its subsidiaries are subject to U.S. federal income tax, as well as state income taxes. The Company had total unrecognized tax benefits of $2.1 million at June 30, 2017 and $2.2 million at December 31, 2016, that relate to uncertainties associated with federal and state income tax matters. Other than the accrued interest of $67 thousand related to uncertain tax positions from an acquired entity, the Company recognizes interest and penalties on income tax matters in income tax expense. The Company recorded approximately $319 thousand and $306 thousand for accrued interest and penalties (no portion was related to penalties) at June 30, 2017 and December 31, 2016, respectively.

Management believes it is reasonably possible that the unrecognized tax benefits may decrease by approximately $1.0 million in the next twelve months.

The statute of limitations for the assessment of income taxes related to the consolidated Federal income tax returns is closed for all tax years up to and including 2012. The expiration of the statute of limitations for the assessment of income and franchise taxes related to the various state income and franchise tax returns varies by state. The Company is currently under examination by the California Franchise Tax Board for the 2011, 2012 and 2013 tax years and by the New York State Department of Taxation and Finance for the 2013, 2014, and 2015 tax years. Wilshire Bancorp, Inc., an acquired entity, is currently under examination by the California Franchise Tax Board for the 2011, 2012, and 2013 tax years and by the New York State Department of Taxation and Finance for the 2011, 2012, 2013, and 2014 tax years. While the outcome of the examinations is unknown, the Company expects no material adjustments.

Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluates both positive and negative evidence, including the existence of any cumulative losses in the current year and the prior two years, the amount of taxes paid in available carry-back years, the forecasts of future income, applicable tax planning strategies, and assessments of current and future economic and business conditions. This analysis is updated quarterly and adjusted as necessary. Based on the analysis, the Company has determined that a valuation allowance for deferred tax assets was not required as of June 30, 2017.

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Fair Value Measurements

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurements

ous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value. The fair value inputs of the instruments are classified and disclosed in one of the following categories pursuant to ASC 820:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The quoted price shall not be adjusted for any blockage factor (i.e., size of the position relative to trading volume).

Level 2 - Pricing inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Fair value is determined through the use of models or other valuation methodologies, including the use of pricing matrices. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 - Pricing inputs are unobservable for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The inputs into the determination of fair value require significant management judgment or estimation.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

The Company uses the following methods and assumptions in estimating fair value disclosures for financial instruments. Financial assets and liabilities recorded at fair value on a recurring and non-recurring basis are listed as follows:

Securities Available for Sale

The fair values of securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).

The fair values of the Company’s Level 3 securities available for sale were measured using an income approach valuation technique. The primary inputs and assumptions used in the fair value measurement were derived from the securities’ underlying collateral, which included discount rates, prepayment speeds, payment delays, and an assessment of the risk of default of the underlying collateral, among other factors. Significant increases or decreases in any of the inputs or assumptions would result in a significant increase or decrease in the fair value measurement.

Interest Rate Swaps

The Company offers interest rate swaps to certain loan customers to allow them to hedge the risk of rising interest rates on their variable rate loans. The Company originates a variable rate loan and enters into a variable-to-fixed interest rate swap with the customer. The Company also enters into an offsetting swap with a correspondent bank. These back-to-back agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. The fair value of these derivatives is based on a discounted cash flow approach. Due to the observable nature of the inputs used in deriving the fair value of these derivative contracts, the valuation of interest rate swaps is classified as Level 2.

Impaired Loans

The fair values of impaired loans are generally measured for impairment using the practical expedients permitted by FASB ASC 310-10-35 including impaired loans measured at an observable market price (if available), or at the fair value of the loan’s collateral (if the loan is collateral dependent). Fair value of the loan’s collateral, when the loan is dependent on collateral, is determined by appraisals or independent valuation, less costs to sell of 8.5%. For commercial and industrial and asset backed loans, independent valuations may be comprised of a 20-60% discount for eligible accounts receivable and a 50-70% discount for inventory. These result in a Level 3 classification.

OREO

OREO is fair valued at the time the loan is foreclosed upon and the asset is transferred to OREO. The value is based primarily on third party appraisals, less costs to sell of 8.5% and result in a Level 3 classification of the inputs for determining fair value. OREO is reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted to lower of cost or market accordingly, based on the same factors identified above.

Loans held for sale

Loans held for sale are carried at the lower of cost or fair value, as determined by outstanding commitments from investors, or based on recent comparable sales (Level 2 inputs), if available, and if not available, are based on discounted cash flows using current market rates applied to the estimated life and credit risk (Level 3 inputs) or may be assessed based upon the fair value of the collateral, which is obtained from recent real estate appraisals (Level 3 inputs). These appraisals may utilize a single valuation approach or a combination of approaches including the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in Level 3 classification of the inputs for determining fair value.

Mortgage banking derivatives

Mortgage banking derivative instruments consist of interest rate lock commitments and forward sale contracts that trade in liquid markets. The fair value is based on the prices available from third party investors. Due to the observable nature of the inputs used in deriving the fair value, the valuation of mortgage banking derivatives are classified as Level 2.

Assets and liabilities measured at fair value on a recurring basis are summarized below:

				Fair Value Measurements at the End of the Reporting Period Using
	June 30, 2017			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	9,995		$	—	$	9,995		$	—
GSE collateralized mortgage obligations (residential)	783,594			—		783,594			—
GSE mortgage-backed securities (residential)	771,543			—		771,543			—
Corporate securities	4,606			—		4,606			—
Municipal securities	97,512			—		96,385			1,127
Mutual funds	13,132			13,132		—			—
Interest rate swaps	(216		)	—		(216		)	—
Mortgage banking derivatives	50			—		50			—
Liabilities:
Interest rate swaps	(216		)	—		(216		)	—
Mortgage banking derivatives	9			—		9			—

				Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	12,008		$	—	$	12,008		$	—
GSE collateralized mortgage obligations (residential)	705,667			—		705,667			—
GSE mortgage-backed securities (residential)	728,041			—		728,041			—
Corporate securities	11,127			—		11,127			—
Municipal securities	86,839			—		85,700			1,139
Mutual funds	13,058			13,058		—			—
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	147			—		147			—
Liabilities:
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	41			—		41			—

There were no transfers between Level 1, 2, and 3 during the three and six months ended June 30, 2017 and 2016.

The following table reflects the notional amount and fair value of mortgage banking derivatives for the date indicated:

	As of June 30, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	4,207	$	31		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	6,143	$	19		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	2,732	$	(7	)	$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	796	$	(2	)	$	9,755	$	(38	)

The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017			2016
	(Dollars in thousands)
Beginning Balance	$	1,128		$	1,209	$	1,139		$	1,166
Total (losses) gains included in other comprehensive income	(1		)	25		(12		)	68
Ending Balance	$	1,127		$	1,234	$	1,127		$	1,234

The Company measures certain assets at fair value on a non-recurring basis including impaired loans (excluding PCI loans), loans held for sale, and OREO. These fair value adjustments result from impairments recognized during the period, application of the lower of cost or fair value on loans held for sale, the application of fair value less cost to sell on OREO.

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements at the End of the Reporting Period Using
	June 30, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	11,764	$	—	$	—	$	11,764
Commercial business	6,152		—		—		6,152
Loans held for sale, net	773		—		773		—
OREO	12,231		—		—		12,231

			Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	58,882	$	—	$	—	$	58,882
Commercial business	6,563		—		—		6,563
Consumer	253		—		—		253
Loans held for sale, net	3,788		—		3,788		—
OREO	21,990		—		—		21,990

For assets measured at fair value on a non-recurring basis, the total net gains (losses), which include charge offs, recoveries, specific reserves, and recognized gains and losses on sales are summarized below:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	(433	)	$	(58	)	$	(2,435	)	$	251
Commercial business	(4,027		)	(176		)	(5,001		)	(2,848		)
Trade Finance	(527		)	(215		)	(1,239		)	1,081
Consumer	(229		)	(32		)	(495		)	(94		)
Loans held for sale, net	353			43			772			43
OREO	(733		)	(668		)	(1,328		)	(1,245		)

Fair Value of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at June 30, 2017 and December 31, 2016 were as follows:

	June 30, 2017
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	446,415	$	446,415	Level 1
Interest bearing deposits in other financial institutions and   other investments	43,962		43,238		Level 2/3
Loans held for sale	16,927		17,861		Level 2
Loans receivable—net	10,736,345		10,833,880		Level 3
FHLB stock	22,351		N/A		N/A
Accrued interest receivable	25,640		25,640		Level 2/3
Servicing assets	25,338		25,338		Level 3
Customers’ liabilities on acceptances	1,669		1,669		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	3,016,538	$	3,016,538	Level 2
Saving and other interest bearing demand deposits	3,838,676		3,838,676		Level 2
Time deposits	4,099,887		4,094,549		Level 2
FHLB advances	793,403		789,347		Level 2
Subordinated debentures	100,328		100,328		Level 2
Accrued interest payable	11,855		11,855		Level 2
Acceptances outstanding	1,669		1,669		Level 2
	December 31, 2016
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	437,334	$	437,334	Level 1
Interest bearing deposits in other financial institutions and   other investments	44,202		43,773		Level 2/3
Loans held for sale	22,785		24,492		Level 2
Loans receivable—net	10,463,989		10,666,642		Level 3
FHLB stock	21,964		N/A		N/A
Accrued interest receivable	26,880		26,880		Level 2/3
Servicing assets	26,457		26,457		Level 3
Customers’ liabilities on acceptances	2,899		2,899		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,900,241	$	2,900,241	Level 2
Saving and other interest bearing demand deposits	3,703,352		3,703,352		Level 2
Time deposits	4,038,442		4,036,664		Level 2
FHLB advances	754,290		749,486		Level 2
Subordinated debentures	99,808		99,808		Level 2
Accrued interest payable	10,863		10,863		Level 2
Acceptances outstanding	2,899		2,899		Level 2

The methods and assumptions used to estimate fair value are described as follows:

The carrying amount is the estimated fair value for cash and cash equivalents, savings and other interest bearing demand deposits, customer’s and Bank’s liabilities on acceptances, noninterest bearing deposits, short-term debt, secured borrowings and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans or deposits and for variable rate loans or deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. The allowance for loan losses is considered to be a reasonable estimate of discount for credit quality concerns. Fair value of SBA loans held for sale is based on market quotes. For fair value of non-SBA loans held for sale, see the measurement method discussed previously. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates, prepayment speeds, and delinquency rate assumptions as inputs. Fair value of time deposits and debt is based on current rates for similar financing. It was not practicable to determine the fair value of FRB stock or FHLB stock due to restrictions placed on their transferability. The fair value of commitments to fund loans represents fees currently charged to enter into similar agreements with similar remaining maturities and is not presented herein. The fair value of these financial instruments is not material to the consolidated financial statements.

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Stockholders' Equity

6 Months Ended

Jun. 30, 2017

Stockholders’ Equity and Regulatory Matters [Abstract]

Stockholders’ Equity

Stockholders’ Equity

On July 29, 2016 the Company acquired Wilshire in an all-stock transaction. Pursuant to the merger agreement, Wilshire shareholders received 0.7034 shares of the Company’s common stock for each share of Wilshire stock owned. Based on this exchange ratio, 55.5 million shares of the Company’s common stock were issued to Wilshire shareholders at $15.37 per share, the closing price of the Company’s stock on July 29, 2016. As a result, $852.9 million in common stock was issued as consideration in the transaction and $3.4 million in additional paid-in capital was recorded to account for the fair value of stock options assumed. Total stockholders’ equity at June 30, 2017 was $1.91 billion, compared to $1.86 billion at December 31, 2016.

The Company assumed certain warrants (related to the TARP Capital Purchase Plan) to purchase shares of the Company’s common stock. On May 20, 2015, the U.S. Treasury Department completed an auction to sell certain warrant positions, and the Company submitted the winning bid to repurchase an outstanding warrant to purchase 350,767 shares of the Company’s common stock. The Company repurchased this warrant for $1.2 million. As of June 30, 2017, the U.S. Treasury Department held one remaining warrant for the purchase of 20,087 shares of the Company’s common stock.

The Company paid a quarterly dividend of $0.12 per common share for the second quarter of 2017 compared to $0.11 per common share for the second quarter of 2016. For the six months ended June 30, 2017 and 2016, the Company paid total dividends of $0.24 and $0.22, respectively.

The following table presents the quarterly changes to accumulated other comprehensive (loss) income for the three and six months ended June 30, 2017 and June 30, 2016:

	Three Months Ended,
	June 30, 2017			June 30, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(12,849	)	$	7,155
Unrealized gains on securities available for sale and interest only strips	4,776			6,603
Less tax effect	2,016			2,784
Total other comprehensive income	2,760			3,819
Balance at end of period	$	(10,089	)	$	10,974

	Six Months Ended,
	June 30, 2017			June 30, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(14,657	)	$	(1,832	)
Unrealized gains on securities available for sale and interest only strips	7,908			22,195
Less tax effect	3,340			9,389
Total other comprehensive income	4,568			12,806
Balance at end of period	$	(10,089	)	$	10,974

For the three and six months ended June 30, 2017 and June 30, 2016 there were no reclassifications out of accumulated other comprehensive (loss) income.

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Regulatory Matters

6 Months Ended

Jun. 30, 2017

Banking and Thrift [Abstract]

Regulatory Matters

Regulatory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material and adverse effect on the Company’s and the Bank’s business, financial condition and results of operation, such as restrictions on growth or the payment of dividends or other capital distributions or management fees. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

In July, 2013, the federal bank regulatory agencies adopted final regulations, which revised their risk-based and leverage capital requirements for banking organizations to meet requirements of Dodd-Frank and to implement Basel III international agreements reached by the Basel Committee. The final rules began for the Company and the Bank on January 1, 2015 and are subject to a phase-in period through January 1, 2019. The final rules that had an impact on the Company and the Bank include:

• An increase in the minimum Tier 1 capital ratio from 4.00% to 6.00% of risk-weighted assets;

• A new category and a required 4.50% of risk-weighted assets ratio is established for “Common Equity Tier 1” as a subset of Tier 1 capital limited to common equity;

• A minimum non-risk-based leverage ratio is set at 4.00%, eliminating a 3.00% exception for higher rated banks;

• Changes in the permitted composition of Tier 1 capital to exclude trust preferred securities, mortgage servicing rights and certain deferred tax assets and include unrealized gains and losses on available for sale debt and equity securities;

• The risk-weights of certain assets for purposes of calculating the risk-based capital ratios are changed for high volatility commercial real estate acquisition, development and construction loans, certain past due non-residential mortgage loans and certain mortgage-backed and other securities exposures; and

• A new additional capital conservation buffer of 2.5% of risk weighted assets over each of the required capital ratios is being phased in from 2016 to 2019 and must be met to avoid limitations on the ability of the Bank to pay dividends, repurchase shares, or pay discretionary bonuses. The capital conservation buffer for the Company was initially 0.625% in 2016, and increases 0.625% annually until 2019. As ofJune 30, 2017, the capital conservation buffer for the Company stood at 1.25%.

As of June 30, 2017, the ratios for the Company and the Bank are sufficient to meet the fully phased-in conservation buffer.

As of June 30, 2017 and December 31, 2016, the most recent regulatory notification categorized the Bank as “well-capitalized” under the regulatory framework for prompt corrective action. To generally be categorized as “well-capitalized”, the Bank must maintain minimum total risk-based, Tier I risk-based, common equity Tier 1, and Tier I leverage ratios as set forth in the following table. There are no conditions or events since the notification from regulators that management believes has changed the institution’s category. As of June 30, 2017 and December 31, 2016, the Company and the Bank met the capital adequacy requirements to which they are subject.

The Company’s and the Bank’s capital amounts and ratios are presented in the table below for the dates indicated:

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of June 30, 2017
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,438,907	12.18	%	$	531,657	4.50	%	$	679,340	5.750	%	N/A		N/A
Bank	$	1,514,997	12.83	%	$	531,376	4.50	%	$	678,980	5.750	%	$	767,543	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,619,043	13.70	%	$	945,169	8.00	%	$	1,092,851	9.250	%	N/A		N/A
Bank	$	1,598,707	13.54	%	$	944,668	8.00	%	$	1,092,273	9.250	%	$	1,180,835	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,535,333	13.00	%	$	708,876	6.00	%	$	856,559	7.250	%	N/A		N/A
Bank	$	1,514,997	12.83	%	$	708,501	6.00	%	$	678,980	7.250	%	$	944,668	8.00	%
Tier I capital (to average assets):
Company	$	1,535,333	11.80	%	$	520,617	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,514,997	11.64	%	$	520,527	4.00	%	N/A		N/A		$	650,659	5.00	%

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of December 31, 2016
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,400,246	12.10	%	$	520,917	4.50	%	$	593,267	5.125	%	N/A		N/A
Bank	$	1,475,228	12.75	%	$	520,631	4.50	%	$	592,941	5.125	%	$	752,022	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,578,690	13.64	%	$	926,076	8.00	%	$	998,425	8.625	%	N/A		N/A
Bank	$	1,557,765	13.46	%	$	925,566	8.00	%	$	997,876	8.625	%	$	1,156,957	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,496,153	12.92	%	$	694,557	6.00	%	$	766,906	6.625	%	N/A		N/A
Bank	$	1,475,228	12.75	%	$	694,174	6.00	%	$	766,484	6.625	%	$	925,566	8.00	%
Tier I capital (to average assets):
Company	$	1,496,153	11.49	%	$	520,947	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,475,228	11.33	%	$	520,903	4.00	%	N/A		N/A		$	651,129	5.00	%

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Basis of Presentation Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2017

Basis Of Presentation [Abstract]

Consolidation

The consolidated financial statements include the accounts of Hope Bancorp and its wholly owned subsidiaries, principally Bank of Hope. All intercompany transactions and balances have been eliminated in consolidation. The Company has made all adjustments, that in the opinion of management, are necessary to fairly present the Company’s financial position at June 30, 2017 and December 31, 2016 and the results of operations for the three and six months ended June 30, 2017 and 2016. Certain reclassifications have been made to prior period amounts to conform to the current year presentation. The results of operations for the interim periods are not necessarily indicative of results to be anticipated for the full year.

Use of estimates

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

Recent Accounting Pronouncements

Recent Accounting Pronouncements:

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. ASU 2014-09 is based on the principle that revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09 as amended by ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, is effective for interim and annual periods beginning after December 15, 2017 and is applied on either a modified retrospective or full retrospective basis. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company’s revenue primarily consists of net interest income and noninterest income. The scope of the guidance explicitly excludes net interest income, as well as other revenues from financial instruments such as loans, leases, securities and derivatives. Certain noninterest income revenue items such as service charges on deposits accounts, gain/loss on other real estate owned sales, and other income items may be in the scope of ASU 2014-09 and how these revenue streams are recognized may change. The Company is currently in the process of evaluating the impact of ASU 2014-09 on its consolidated financial statements, but does not expect the adoption of ASU 2014-09 to have a material impact on its consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. ASU 2016-13 becomes effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. ASU 2017-08 was issued to amend the amortization period for certain callable debt securities held at a premium. ASU 2017-08 shortens the amortization period of premiums on certain purchased callable debt securities to the earliest call date. ASU 2017-08 affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). ASU 2017-08 does not impact securities purchased at a discount, which continue to be amortized to maturity. ASU 2017-08 is effective for annual period beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted in an interim period. If an entity chooses to adopt early, any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The adoption of ASU 2017-08 is not expected to have a material impact on the Company’s consolidated financial statements.

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification”. ASU 2017-09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017-09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017-09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Company is currently in the process of evaluating the impact of ASU 2017-09 on its consolidated financial statements, but does not expect the adoption of ASU 2017-09 to have material impact on it consolidated financial statements.

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Mergers and Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Consideration Paid, Assets Acquired and Liabilities Assumed

The consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:

	(Dollars in thousands)
Consideration Paid:
Hope common stock issued in exchange for Wilshire common stock	$	852,939
Cash paid for fractional shares	3
Hope stock options issued in exchange Wilshire stock options	3,370
Total consideration paid	$	856,312
Assets Acquired:
Cash and cash equivalents	$	100,127
Investment securities available for sale	478,938
Loans receivable	3,800,807
FRB and FHLB stock	16,539
OREO	13,173
Premises and equipment	16,812
Bank owned life insurance	25,240
Servicing assets	16,203
Low income housing tax credit investments	47,111
Core deposit intangibles	18,138
Deferred tax assets, net	17,698
Other assets	76,818
Liabilities Assumed:
Deposits	(3,812,367		)
Borrowings	(206,282		)
Subordinated debentures	(56,942		)
Other liabilities	(54,751		)
Total identifiable net assets	$	497,262
Excess of consideration paid over fair value of net assets acquired (goodwill)	$	359,050

Acquisition Related Expenses

The following table presents merger-related expenses associated with the merger with Wilshire, the pending merger with U & I, and other previous transactions which were reflected in the Consolidated Statements of Income in merger and integration expenses. These expenses are comprised primarily of salaries and employee benefits, professional fees, and other noninterest expenses related to mergers.

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(Dollars in thousands)
Wilshire	$	538	$	1,509	$	939	$	2,692
U & I	—		—		522		—
Other	24		24		48		48
Total merger and integration expenses	$	562	$	1,533	$	1,509	$	2,740

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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Activity Under the Plan

The following is a summary of stock option activity under the 2007 Plan and 2016 Plan for the six months ended June 30,2017:

	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (Dollars in thousands)
Outstanding - January 1, 2017	1,624,227		$	15.30
Granted	—		—
Exercised	(70,183	)	8.89
Expired	(230,900	)	21.77
Forfeited	—		—
Outstanding - June 30, 2017	1,323,144		$	14.51	7.46	$	5,590
Options exercisable - June 30, 2017	638,874		$	11.84	5.87	$	4,467

Summary of Restricted and Performance Unit Activity Under the Plan

The following is a summary of restricted stock and performance unit activity under the 2007 Plan and 2016 Plan for the six months ended June 30,2017:

	Number of Shares		Weighted- Average Grant Date Fair Value
Outstanding - January 1, 2017	403,658		$	16.17
Granted	66,012		18.79
Vested	(67,359	)	15.10
Forfeited	(7,259	)	14.67
Outstanding - June 30, 2017	395,052		$	16.82

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Computation of basic and diluted EPS

The following tables show the computation of basic and diluted EPS for the three and six months ended June 30, 2017 and 2016.

	Three Months Ended June 30,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(Dollars in thousands, except share and per share data)
Basic EPS - common stock	$	40,687	135,257,044	$	0.30	$	23,390	79,604,673	$	0.29
Effect of dilutive securities:
Stock options and restricted stock			356,137					30,089
Diluted EPS - common stock	$	40,687	135,613,181	$	0.30	$	23,390	79,634,762	$	0.29

	Six Months Ended June 30,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(In thousands, except share and per share data)
Basic EPS - common stock	$	76,897	135,252,556	$	0.57	$	47,013	79,595,599	$	0.59
Effect of dilutive securities:
Stock options and restricted stock			432,508					30,074
Diluted EPS - common stock	$	76,897	135,685,064	$	0.57	$	47,013	79,625,673	$	0.59

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Securities Available for Sale (Tables)

6 Months Ended

Jun. 30, 2017

Available-for-sale Securities [Abstract]

Summary of Securities Available for Sale

The following is a summary of securities available for sale as of the dates indicated:

	At June 30, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	10,001	$	—	$	(6	)	$	9,995
Collateralized mortgage obligations (residential)	791,774		351		(8,531		)	783,594
Mortgage-backed securities (residential)	780,937		1,580		(10,974		)	771,543
Corporate securities	4,567		39		—			4,606
Municipal securities	97,298		1,078		(864		)	97,512
Total debt securities	1,684,577		3,048		(20,375		)	1,667,250
Mutual funds	13,425		25		(318		)	13,132
Total investment securities available for sale	$	1,698,002	$	3,073	$	(20,693	)	$	1,680,382
	At December 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	12,005	$	3	$	—		$	12,008
Collateralized mortgage obligations (residential)	715,981		349		(10,663		)	705,667
Mortgage-backed securities (residential)	741,304		1,132		(14,395		)	728,041
Corporate securities	11,576		—		(449		)	11,127
Municipal securities	88,018		358		(1,537		)	86,839
Total debt securities	1,568,884		1,842		(27,044		)	1,543,682
Mutual funds	13,425		—		(367		)	13,058
Total investment securities available for sale	$	1,582,309	$	1,842	$	(27,411	)	$	1,556,740

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of investment securities at June 30, 2017, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	Amortized Cost		Estimated Fair Value
	(Dollars in thousands)
Available for sale:
Due within one year	$	10,724	$	10,722
Due after one year through five years	7,603		7,774
Due after five years through ten years	41,483		42,101
Due after ten years	52,056		51,516
U.S. Government agency and U.S. Government sponsored enterprises
Collateralized mortgage obligations (residential)	791,774		783,594
Mortgage-backed securities (residential)	780,937		771,543
Mutual funds	13,425		13,132
Total	$	1,698,002	$	1,680,382

Schedule of Unrealized Loss on Investments

The following tables show our investments’ gross unrealized losses and estimated fair value, aggregated by investment category and the length of time that the individual securities have been in a continuous unrealized loss position as of the dates indicated.

	As of June 30, 2017
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Debt securities*	3	$	9,995	$	(6	)	—	$	—	$	—		3	$	9,995	$	(6	)
Collateralized mortgage obligations (residential)*	64	609,323		(6,834		)	9	73,507		(1,697		)	73	682,830		(8,531		)
Mortgage-backed securities (residential)*	58	608,637		(10,974		)	—	—		—			58	608,637		(10,974		)
Municipal securities	21	32,835		(849		)	1	519		(15		)	22	33,354		(864		)
Mutual funds	2	6,643		(73		)	1	5,002		(245		)	3	11,645		(318		)
Total	148	$	1,267,433	$	(18,736	)	11	$	79,028	$	(1,957	)	159	$	1,346,461	$	(20,693	)

__________________________________    

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

	As of December 31, 2016
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Collateralized mortgage obligations (residential)*	66	$	615,803	$	(9,459	)	4	$	36,333	$	(1,204	)	70	$	652,136	$	(10,663	)
Mortgage-backed securities (residential)*	57	622,797		(14,395		)	—	—		—			57	622,797		(14,395		)
Corporate securities	1	7,014		(2		)	1	4,113		(447		)	2	11,127		(449		)
Municipal securities	95	69,331		(1,537		)	—	—		—			95	69,331		(1,537		)
Mutual funds	3	13,058		(367		)	—	—		—			3	13,058		(367		)
Total	222	$	1,328,003	$	(25,760	)	5	$	40,446	$	(1,651	)	227	$	1,368,449	$	(27,411	)

__________________________________

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

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Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Summary of Loans Receivable by Major Category

The following is a summary of loans receivable by major category:

	June 30, 2017			December 31, 2016
	(Dollars in thousands)
Loan portfolio composition
Real estate loans:
Residential	$	60,544		$	57,884
Commercial	8,065,057			7,842,573
Construction	306,794			254,113
Total real estate loans	8,432,395			8,154,570
Commercial business	1,744,103			1,832,021
Trade finance	181,400			154,928
Consumer and other	460,446			403,470
Total loans outstanding	10,818,344			10,544,989
Deferred loan fees, net	(1,925		)	(1,657		)
Loans receivable	10,816,419			10,543,332
Allowance for loan losses	(80,074		)	(79,343		)
Loans receivable, net of allowance for loan losses	$	10,736,345		$	10,463,989

Loans and Leases Acquired, Accretable Yield Movement Schedule

The following table presents changes in the accretable discount on the PCI loans for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	51,651		$	22,097		$	38,591		$	23,777
Accretion	(5,212		)	(2,474		)	(10,560		)	(5,503		)
Reclassification from nonaccretable difference	7,218			527			25,626			1,876
Balance at end of period	$	53,657		$	20,150		$	53,657		$	20,150

Allowance for Loan Losses by Portfolio Segment

The following tables detail the activity in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2017 and 2016:

	Legacy Loans												Acquired Loans												Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance			Consumer and Other
	(Dollars in thousands)
Three Months Ended June 30, 2017
Balance, beginning of period	$	43,929		$	17,479		$	624		$	2,022		$	13,455		$	944		$	187		$	19		$	78,659
Provision (credit) for loan losses	(2,596		)	3,741			900			500			(69		)	374			(81		)	(9		)	2,760
Loans charged off	(892		)	(425		)	(528		)	(241		)	19			(55		)	—			—			(2,122		)
Recoveries	37			700			4			1			6			28			—			1			777
Balance, end of period	$	40,478		$	21,495		$	1,000		$	2,282		$	13,411		$	1,291		$	106		$	11		$	80,074
Six Months Ended June 30, 2017
Balance, beginning of period	$	38,956		$	23,430		$	1,897		$	2,116		$	12,791		$	117		$	—		$	36		$	79,343
Provision (credit) for loan losses	3,510			857			1,203			684			906			1,122			106			(28		)	8,360
Loans charged off	(2,046		)	(3,615		)	(2,104		)	(520		)	(317		)	(125		)	—			—			(8,727		)
Recoveries of charge offs	58			823			4			2			31			177			—			3			1,098
Balance, end of period	$	40,478		$	21,495		$	1,000		$	2,282		$	13,411		$	1,291		$	106		$	11		$	80,074

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended June 30, 2016
Balance, beginning of period	$	42,115		$	19,048		$	2,085		$	768		$	12,626		$	154		$	—	$	60		$	76,856
Provision (credit) for loan losses	1,375			(798		)	364			123			187			(42		)	—		(9		)	1,200
Loans charged off	—			(2,005		)	—			(50		)	(207		)	(33		)	—		—			(2,295		)
Recoveries	176			331			—			85			1			69			—		2			664
Balance, end of period	$	43,666		$	16,576		$	2,449		$	926		$	12,607		$	148		$	—	$	53		$	76,425
Six Months Ended June 30, 2016
Balance, beginning of period	$	42,829		$	16,332		$	3,592		$	556		$	12,823		$	214		$	—	$	62		$	76,408
Provision (credit) for loan losses	157			2,349			(1,143		)	399			105			(154		)	—		(13		)	1,700
Loans charged off	(19		)	(2,626		)	—			(115		)	(323		)	(33		)	—		—			(3,116		)
Recoveries of charge offs	699			521			—			86			2			121			—		4			1,433
Balance, end of period	$	43,666		$	16,576		$	2,449		$	926		$	12,607		$	148		$	—	$	53		$	76,425

The following tables break out the allowance for loan losses and the recorded investment of loans outstanding (not including accrued interest receivables and net deferred loan fees) by individually impaired, general valuation, and PCI impairment, by portfolio segment, at June 30, 2017 and December 31, 2016:

	June 30, 2017
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,907	$	6,303	$	3	$	30	$	256	$	451	$	—	$	—	$	8,950
Collectively evaluated for impairment	38,571		15,192		997		2,252		1,089		840		106		11		59,058
PCI loans	—		—		—		—		12,066		—		—		—		12,066
Total	$	40,478	$	21,495	$	1,000	$	2,282	$	13,411	$	1,291	$	106	$	11	$	80,074
Loans outstanding:
Individually evaluated for impairment	$	46,357	$	35,487	$	4,182	$	697	$	12,045	$	1,285	$	—	$	610	$	100,663
Collectively evaluated for impairment	5,829,796		1,235,783		105,921		264,028		2,365,273		419,050		68,108		183,065		10,471,024
PCI loans	—		—		—		—		178,924		52,498		3,189		12,046		246,657
Total	$	5,876,153	$	1,271,270	$	110,103	$	264,725	$	2,556,242	$	472,833	$	71,297	$	195,721	$	10,818,344

	December 31, 2016
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,889	$	4,420	$	864	$	50	$	113	$	73	$	—	$	—	$	7,409
Collectively evaluated for impairment	37,067		19,010		1,033		2,066		548		44		—		36		59,804
PCI loans	—		—		—		—		12,130		—		—		—		12,130
Total	$	38,956	$	23,430	$	1,897	$	2,116	$	12,791	$	117	$	—	$	36	$	79,343
Loans outstanding:
Individually evaluated for impairment	$	74,085	$	34,783	$	6,029	$	733	$	23,865	$	435	$	—	$	431	$	140,361
Collectively evaluated for impairment	5,271,262		1,079,348		75,365		179,961		2,597,200		650,710		70,535		206,802		10,131,183
PCI loans	—		—		—		—		188,158		66,745		2,999		15,543		273,445
Total	$	5,345,347	$	1,114,131	$	81,394	$	180,694	$	2,809,223	$	717,890	$	73,534	$	222,776	$	10,544,989

Impaired Financing Receivables

The recorded investment of individually impaired loans was as follows:

	June 30, 2017			December 31, 2016
	(Dollars in thousands)
With allocated specific allowance
Without charge off	$	37,636		$	59,638
With charge off	2,093			1,120
With no allocated specific allowance
Without charge off	54,707			76,775
With charge off	6,227			2,828
Specific allowance on impaired loans	(8,950		)	(7,409		)
Impaired loans, net of specific allowance	$	91,713		$	132,952

The following tables detail the recorded investment of impaired loans (Legacy Loans and Acquired Loans that became impaired subsequent to being originated and acquired, respectfully) as of June 30, 2017 and December 31, 2016 and average recorded investment and interest income recognized for the three and six months ended June 30, 2017 and 2016. Loans with no related allowance are believed by management to be adequately collateralized.

	As of June 30, 2017						As of December 31, 2016
Total Impaired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,464		1,583		134		2,095		2,384		90
Hotel & motel	1,843		2,606		109		6,387		6,387		337
Gas station & car wash	—		—		—		215		228		41
Mixed use	287		2,695		3		206		732		27
Industrial & warehouse	503		1,198		101		530		530		—
Other	4,755		5,000		1,816		22,580		22,825		1,507
Real estate—construction	—		—		—		—		—		—
Commercial business	26,770		27,146		6,754		26,543		27,161		4,493
Trade finance	4,035		4,035		3		2,111		2,156		864
Consumer and other	72		72		30		91		91		50
Subtotal	$	39,729	$	44,335	$	8,950	$	60,758	$	62,494	$	7,409
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	3,562	$	3,562	$	—
Real estate—commercial
Retail	9,675		11,057		—		12,753		13,290		—
Hotel & motel	12,817		18,499		—		6,122		11,735		—
Gas station & car wash	3,106		6,321		—		5,043		7,449		—
Mixed use	1,229		1,773		—		7,303		7,822		—
Industrial & warehouse	8,725		8,800		—		9,673		9,748		—
Other	12,698		13,870		—		20,181		21,492		—
Real estate—construction	1,300		1,441		—		1,300		1,441		—
Commercial business	10,002		13,452		—		8,675		9,472		—
Trade finance	147		147		—		3,918		3,918		—
Consumer and other	1,235		1,259		—		1,073		1,136		—
Subtotal	$	60,934	$	76,619	$	—	$	79,603	$	91,065	$	—
Total	$	100,663	$	120,954	$	8,950	$	140,361	$	153,559	$	7,409

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	For the Three Months Ended June 30, 2017				For the Three Months Ended June 30, 2016				For the Six Months Ended June 30, 2017				For the Six Months Ended June 30, 2016
Total Impaired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,022		4		1,486		—		1,380		7		1,614		—
Hotel & motel	4,119		16		2,925		16		4,875		32		3,515		32
Gas station & car wash	—		—		794		9		72		—		1,052		19
Mixed use	268		2		386		2		247		3		445		3
Industrial & warehouse	1,692		—		552		6		1,305		—		555		12
Other	13,584		60		24,257		274		16,583		117		24,372		550
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	23,154		233		35,826		271		24,284		456		34,393		481
Trade finance	2,018		106		6,286		16		2,049		157		8,373		57
Consumer and other	77		1		408		10		82		2		317		17
Subtotal	$	45,934	$	422	$	72,920	$	604	$	50,877	$	774	$	74,636	$	1,171
With no related allowance:
Real estate—residential	$	732	$	—	$	—	$	—	$	1,675	$	—	$	—	$	—
Real estate—commercial
Retail	13,214		82		10,029		79		13,060		161		10,454		160
Hotel & motel	9,545		—		8,922		49		8,404		—		8,479		98
Gas station & car wash	3,633		—		5,268		25		4,103		—		4,763		50
Mixed use	3,879		—		2,331		12		5,020		—		2,348		24
Industrial & warehouse	8,612		58		10,957		89		8,965		116		10,294		179
Other	14,173		81		10,676		43		16,176		162		11,534		85
Real estate—construction	2,078		—		1,321		—		1,819		—		1,337		—
Commercial business	9,953		41		13,022		140		9,527		83		12,034		281
Trade finance	2,298		2		2,225		56		2,838		3		1,484		109
Consumer and other	1,070		6		820		—		1,071		13		991		1
Subtotal	$	69,187	$	270	$	65,571	$	493	$	72,658	$	538	$	63,718	$	987
Total	$	115,121	$	692	$	138,491	$	1,097	$	123,535	$	1,312	$	138,354	$	2,158

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	As of June 30, 2017						As of December 31, 2016
Impaired Acquired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,194		1,313		128		1,826		2,114		85
Hotel & motel	260		1,005		2		—		—		—
Gas station & car wash	—		—		—		—		—		—
Mixed use	248		2,099		2		136		136		2
Industrial & warehouse	503		1,198		101		—		—		—
Other	328		332		23		337		341		26
Real estate—construction	—		—		—		—		—		—
Commercial business	714		764		451		294		339		73
Trade finance	—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—
Subtotal	$	3,247	$	6,711	$	707	$	2,593	$	2,930	$	186
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	679	$	679	$	—
Real estate—commercial
Retail	1,456		1,508		—		3,148		3,214		—
Hotel & motel	4,807		7,285		—		4,767		7,171		—
Gas station & car wash	460		903		—		1,568		1,815		—
Mixed use	46		274		—		5,315		5,551		—
Industrial & warehouse	64		64		—		66		66		—
Other	2,679		3,234		—		6,023		6,752		—
Real estate—construction	—		—		—		—		—		—
Commercial business	571		641		—		141		386		—
Trade finance	—		—		—		—		—		—
Consumer and other	610		624		—		431		484		—
Subtotal	$	10,693	$	14,533	$	—	$	22,138	$	26,118	$	—
Total	$	13,940	$	21,244	$	707	$	24,731	$	29,048	$	186

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	For the Three Months Ended June 30, 2017				For the Three Months Ended June 30, 2016				For the Six Months Ended June 30, 2017				For the Six Months Ended June 30, 2016
Impaired Acquired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	753		4		1,103		—		1,110		7		1,125		—
Hotel & motel	176		—		—		—		117		—		—		—
Gas station & car wash	—		—		—		—		—		—		339		—
Mixed use	249		2		316		2		212		3		375		3
Industrial & warehouse	251		—		—		—		168		—		—		—
Other	330		4		324		4		333		8		318		9
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	744		—		506		3		594		—		526		6
Trade finance	—		—		—		—		—		—		—		—
Consumer and other	—		—		80		2		—		—		53		4
Subtotal	$	2,503	$	10	$	2,329	$	11	$	2,534	$	18	$	2,736	$	22
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	226	$	—	$	—	$	—
Real estate—commercial
Retail	2,903		15		2,491		26		2,985		30		2,542		52
Hotel & motel	4,823		—		5,903		3		4,805		—		6,273		7
Gas station & car wash	539		—		1,593		25		882		—		1,458		50
Mixed use	2,664		—		271		3		3,548		—		272		5
Industrial & warehouse	65		1		1,090		2		65		2		1,103		5
Other	2,931		8		3,761		13		3,961		16		3,799		26
Real estate—construction	—		—		—		—		—		—		—		—
Commercial business	408		7		675		8		319		14		673		17
Trade finance	—		—		—		—		—		—		—		—
Consumer and other	441		2		371		—		437		4		467		1
Subtotal	$	14,774	$	33	$	16,155	$	80	$	17,228	$	66	$	16,587	$	163
Total	$	17,277	$	43	$	18,484	$	91	$	19,762	$	84	$	19,323	$	185

Aging of Past Due Loans

The following tables present the recorded investment of past due loans by the number of days past due as of June 30, 2017 and December 31, 2016 by class of loans:

	As of June 30, 2017
									Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	555		457		—		1,012		3,392		4,404
Hotel & motel	343		1,902		1,433		3,678		8,305		11,983
Gas station & car wash	—		—		—		—		2,646		2,646
Mixed use	539		—		—		539		1,221		1,760
Industrial & warehouse	—		—		—		—		3,472		3,472
Other	3,331		—		—		3,331		4,092		7,423
Real estate—construction	—		7,000		—		7,000		1,300		8,300
Commercial business	919		2,245		—		3,164		12,114		15,278
Trade finance	92		—		—		92		—		92
Consumer and other	131		137		246		514		300		814
Subtotal	$	5,910	$	11,741	$	1,679	$	19,330	$	36,842	$	56,172
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	—		137		—		137		1,022		1,159
Hotel & motel	—		—		—		—		5,067		5,067
Gas station & car wash	—		—		—		—		460		460
Mixed use	30		—		—		30		161		191
Industrial & warehouse	33		—		—		33		503		536
Other	5,491		—		77		5,568		1,861		7,429
Real estate—construction	95		—		—		95		—		95
Commercial business	660		859		—		1,519		761		2,280
Trade finance	—		—		—		—		—		—
Consumer and other	64		—		94		158		684		842
Subtotal	$	6,373	$	996	$	171	$	7,540	$	10,519	$	18,059
TOTAL	$	12,283	$	12,737	$	1,850	$	26,870	$	47,361	$	74,231

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.5 million. Includes nonaccrual loans less than 30 days past due totaling $14.7 million.

	As of December 31, 2016
									Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	480		—		—		480		3,672		4,152
Hotel & motel	1,836		3,137		—		4,973		1,392		6,365
Gas station & car wash	362		—		—		362		3,690		4,052
Mixed use	—		—		—		—		1,305		1,305
Industrial & warehouse	—		697		—		697		1,922		2,619
Other	2,871		—		—		2,871		4,007		6,878
Real estate—construction	—		1,513		—		1,513		1,300		2,813
Commercial business	558		815		—		1,373		9,371		10,744
Trade finance	—		500		—		500		2,056		2,556
Consumer and other	146		58		305		509		229		738
Subtotal	$	6,253	$	6,720	$	305	$	13,278	$	28,944	$	42,222
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	679	$	679
Real estate—commercial
Retail	1,611		—		—		1,611		1,871		3,482
Hotel & motel	95		—		—		95		4,501		4,596
Gas station & car wash	68		340		—		408		993		1,401
Mixed use	—		—		—		—		48		48
Industrial & warehouse	257		—		—		257		—		257
Other	350		—		—		350		2,144		2,494
Real estate—construction	—		—		—		—		—		—
Commercial business	1,303		684		—		1,987		345		2,332
Trade finance	—		—		—		—		—		—
Consumer and other	331		25		—		356		549		905
Subtotal	$	4,015	$	1,049	$	—	$	5,064	$	11,130	$	16,194
TOTAL	$	10,268	$	7,769	$	305	$	18,342	$	40,074	$	58,416

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.9 million.

Risk Category of Loans by Class of Loans

The following tables present the recorded investment of risk ratings for Legacy and Acquired Loans as of June 30, 2017 and December 31, 2016 by class of loans:

	As of June 30, 2017
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	39,957	$	1,497	$	1,456	$	—	$	42,910
Real estate—commercial
Retail	1,468,439		23,024		20,725		—		1,512,188
Hotel & motel	1,185,023		10,770		12,243		—		1,208,036
Gas station & car wash	675,710		11,422		6,244		—		693,376
Mixed use	400,257		438		1,380		—		402,075
Industrial & warehouse	570,413		21,390		9,924		—		601,727
Other	1,103,423		38,537		45,035		—		1,186,995
Real estate—construction	212,195		13,774		2,877		—		228,846
Commercial business	1,165,079		27,779		76,204		2,208		1,271,270
Trade finance	106,218		3,738		147		—		110,103
Consumer and other	263,859		4		862		—		264,725
Subtotal	$	7,190,573	$	152,373	$	177,097	$	2,208	$	7,522,251
Acquired Loans:
Real estate—residential	$	17,368	$	266	$	—	$	—	$	17,634
Real estate—commercial
Retail	695,235		10,389		20,013		—		725,637
Hotel & motel	302,653		12,599		17,979		—		333,231
Gas station & car wash	237,757		8,135		9,444		—		255,336
Mixed use	108,020		5,942		11,002		8		124,972
Industrial & warehouse	293,708		13,475		16,158		273		323,614
Other	639,150		38,599		20,121		—		697,870
Real estate—construction	77,948		—		—		—		77,948
Commercial business	432,487		8,592		31,302		452		472,833
Trade finance	68,108		—		3,189		—		71,297
Consumer and other	188,840		687		5,267		927		195,721
Subtotal	$	3,061,274	$	98,684	$	134,475	$	1,660	$	3,296,093
Total	$	10,251,847	$	251,057	$	311,572	$	3,868	$	10,818,344

	As of December 31, 2016
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	34,283	$	223	$	2,883	$	—	$	37,389
Real estate—commercial
Retail	1,303,452		18,929		15,430		—		1,337,811
Hotel & motel	1,187,709		12,763		9,026		—		1,209,498
Gas station & car wash	643,282		7,259		3,690		—		654,231
Mixed use	375,312		—		1,467		—		376,779
Industrial & warehouse	478,528		29,830		13,745		—		522,103
Other	969,024		22,220		41,017		—		1,032,261
Real estate—construction	159,230		14,745		1,300		—		175,275
Commercial business	1,032,232		15,919		65,885		95		1,114,131
Trade finance	68,051		5,673		7,670		—		81,394
Consumer and other	179,864		1		829		—		180,694
Subtotal	$	6,430,967	$	127,562	$	162,942	$	95	$	6,721,566
Acquired Loans:
Real estate—residential	$	18,007	$	1,809	$	679	$	—	$	20,495
Real estate—commercial
Retail	772,465		9,860		21,110		—		803,435
Hotel & motel	328,396		5,419		18,233		—		352,048
Gas station & car wash	249,379		8,437		11,338		—		269,154
Mixed use	118,643		3,105		12,505		8		134,261
Industrial & warehouse	321,040		31,819		9,048		315		362,222
Other	736,385		23,286		29,099		—		788,770
Real estate—construction	78,838		—		—		—		78,838
Commercial business	649,186		31,340		37,265		99		717,890
Trade finance	70,535		61		2,938		—		73,534
Consumer and other	214,437		958		5,949		1,432		222,776
Subtotal	$	3,557,311	$	116,094	$	148,164	$	1,854	$	3,823,423
Total	$	9,988,278	$	243,656	$	311,106	$	1,949	$	10,544,989

Loans Sold From Loans Held For Investment

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Transfer of loans receivable to held for sale	(Dollars in thousands)
Real estate - commercial	$	2,671	$	—	$	11,370	$	—
Commercial business	2,243		—		2,995		—
Consumer	225		—		225		400
Total	$	5,139	$	—	$	14,590	$	400

Allowance for Loan Losses and Impaired Loans, Qualitative and Quantitative Analysis

The following table presents breakdown of loans by impairment method at June 30, 2017 and December 31, 2016:

	As of June 30, 2017
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	—		$	57,102		$	1,300		$	36,772		$	4,182		$	1,307		$	100,663
Specific allowance	$	—		$	2,163		$	—		$	6,754		$	3		$	30		$	8,950
Allowance coverage ratio	N/A			3.79		%	—		%	18.37		%	0.07		%	2.30		%	8.89		%
Other loans	$	60,544		$	8,007,955		$	305,494		$	1,707,331		$	177,218		$	459,139		$	10,717,681
General allowance	$	171		$	49,739		$	1,816		$	16,032		$	1,103		$	2,263		$	71,124
Allowance coverage ratio	0.28		%	0.62		%	0.59		%	0.94		%	0.62		%	0.49		%	0.66		%
Total loans	$	60,544		$	8,065,057		$	306,794		$	1,744,103		$	181,400		$	460,446		$	10,818,344
Total allowance for loan losses	$	171		$	51,902		$	1,816		$	22,786		$	1,106		$	2,293		$	80,074
Allowance coverage ratio	0.28		%	0.64		%	0.59		%	1.31		%	0.61		%	0.50		%	0.74		%

	As of December 31, 2016
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	3,562		$	93,088		$	1,300		$	35,218		$	6,029		$	1,164		$	140,361
Specific allowance	$	—		$	2,002		$	—		$	4,493		$	864		$	50		$	7,409
Allowance coverage ratio	—		%	2.15		%	—		%	12.76		%	14.33		%	4.30		%	5.28		%
Other loans	$	54,322		$	7,749,485		$	252,813		$	1,796,803		$	148,899		$	402,306		$	10,404,628
General allowance	$	209		$	47,915		$	1,621		$	19,054		$	1,033		$	2,102		$	71,934
Allowance coverage ratio	0.38		%	0.62		%	0.64		%	1.06		%	0.69		%	0.52		%	0.69		%
Total loans	$	57,884		$	7,842,573		$	254,113		$	1,832,021		$	154,928		$	403,470		$	10,544,989
Total allowance for loan losses	$	209		$	49,917		$	1,621		$	23,547		$	1,897		$	2,152		$	79,343
Allowance coverage ratio	0.36		%	0.64		%	0.64		%	1.29		%	1.22		%	0.53		%	0.75		%

Troubled Debt Restructurings

A summary of the recorded investment of TDRs on accrual and nonaccrual status by type of concession as of June 30, 2017 and December 31, 2016 is presented below:

	As of June 30, 2017
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,099	$	201	$	—	$	16,300	$	1,858	$	1,249	$	—	$	3,107	$	19,407
Maturity / amortization concession	2,925		22,545		4,676		30,146		1,691		4,834		324		6,849		36,995
Rate concession	5,546		1,152		146		6,844		5,395		369		—		5,764		12,608
Total	$	24,570	$	23,898	$	4,822	$	53,290	$	8,944	$	6,452	$	324	$	15,720	$	69,010

	As of December 31, 2016
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,358	$	29	$	—	$	16,387	$	4,417	$	1,717	$	—	$	6,134	$	22,521
Maturity / amortization concession	1,840		17,471		4,600		23,911		1,313		6,130		2,287		9,730		33,641
Rate concession	6,856		1,665		55		8,576		5,590		387		155		6,132		14,708
Total	$	25,054	$	19,165	$	4,655	$	48,874	$	11,320	$	8,234	$	2,442	$	21,996	$	70,870

The following table presents the recorded investment of loans classified as TDR within the three and six months ended June 30, 2017 and June 30, 2016 by class of loans:

	Three Months Ended June 30, 2017					Three Months Ended June 30, 2016
	Number of Loans	Pre- Modification		Post- Modification		Number of Loans	Pre- Modification		Post- Modification
	(Dollars in thousands)
Legacy Loans:
Real estate—commercial
Retail	1	$	660	$	641	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate - construction	—	—		—		—	—		—
Commercial business	3	5,193		5,163		2	113		114
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		1	—		111
Subtotal	4	$	5,853	$	5,804	3	$	113	$	225
Acquired Loans:
Real estate—commercial
Retail	1	$	128	$	125	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	—	—		—		—	—		—
Real estate—construction	—	—		—		—	—		—
Commercial business	—	—		—		—	—		—
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		—	—		—
Subtotal	1	$	128	$	125	—	$	—	$	—
Total	5	$	5,981	$	5,929	3	$	113	$	225

Summary of Troubled Debt Restructurings with Subsequent Payment Default

The following table presents loans modified as TDRs within the previous twelve months ended June 30, 2017 and June 30, 2016 that subsequently had payment defaults during the three and six months ended June 30, 2017 and June 30, 2016:

	Three Months Ended June 30, 2017			Three Months Ended June 30, 2016
	Number of Loans	Balance		Number of Loans	Balance
	(Dollars In thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	1	$	489
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	1	796		—	—
Real estate—construction	—	—		—	—
Commercial business	2	846		8	5,210
Trade finance	—	—		1	2,886
Consumer and other	—	—		—	—
Subtotal	3	$	1,642	10	$	8,585
Acquired Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	10		—	—
Trade finance	—	—		—	—
Consumer and other	—	—		1	27
Subtotal	1	$	10	1	$	27
Total	4	$	1,652	11	$	8,612

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Borrowings (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Contractual Maturities for FHLB-SF Borrowings

At June 30, 2017, the contractual maturities for FHLB advances were as follows:

	Contractual Maturities		Maturity/ Put Date
	(Dollars in thousands)
Due within one year	$	280,004	$	280,004
Due after one year through five years	513,399		513,399
Total	$	793,403	$	793,403

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Subordinated Debentures (Tables)

6 Months Ended

Jun. 30, 2017

Subordinated Borrowings [Abstract]

Summary of Trust Preferred Securities and Debentures

The following table is a summary of trust preferred securities and Debentures at June 30, 2017:

Issuance Trust	Issuance Date	Trust Preferred Security Amount		Carrying Value of Debentures		Rate Type	Current Rate	Maturity Date
		(Dollars in thousands)
Nara Capital Trust III	06/05/2003	$	5,000	$	5,155	Variable	4.40%	06/15/2033
Nara Statutory Trust IV	12/22/2003	5,000		5,155		Variable	4.01%	01/07/2034
Nara Statutory Trust V	12/17/2003	10,000		10,310		Variable	4.22%	12/17/2033
Nara Statutory Trust VI	03/22/2007	8,000		8,248		Variable	2.90%	06/15/2037
Center Capital Trust I	12/30/2003	18,000		13,731		Variable	4.01%	01/07/2034
Wilshire Statutory Trust II	03/17/2005	20,000		15,210		Variable	3.06%	03/17/2035
Wilshire Statutory Trust III	09/15/2005	15,000		10,679		Variable	2.65%	09/15/2035
Wilshire Statutory Trust IV	07/10/2007	25,000		17,343		Variable	2.63%	09/15/2037
Saehan Capital Trust I	03/30/2007	20,000		14,497		Variable	2.92%	06/30/2037
Total		$	126,000	$	100,328

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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

At June 30, 2017 and December 31, 2016, the following interest rate swaps related to our loan hedging program were outstanding:

	As of June 30, 2017			As of December 31, 2016
	(Dollars in thousands)
Interest rate swaps on loans with loan customers:
Notional amount	$	274,049		$	223,098
Weighted average remaining term	7.7 years			7.4 years
Received fixed rate (weighted average)	4.34		%	4.29		%
Pay variable rate (weighted average)	3.44		%	3.06		%
Estimated fair value	$	(216	)	$	(1,565	)
Back to back interest rate swaps with correspondent banks:
Notional amount	$	274,049		$	223,098
Weighted average remaining term	7.7 years			7.4 years
Received variable rate (weighted average)	3.44		%	3.06		%
Pay fixed rate (weighted average)	4.34		%	4.29		%
Estimated fair value	$	216		$	1,565

Schedule of Derivative Instruments

The following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

	As of June 30, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	4,207	$	31		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	6,143	$	19		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	2,732	$	(7	)	$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	796	$	(2	)	$	9,755	$	(38	)

The following table reflects the notional amount and fair value of mortgage banking derivatives for the date indicated:

	As of June 30, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	4,207	$	31		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	6,143	$	19		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	2,732	$	(7	)	$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	796	$	(2	)	$	9,755	$	(38	)

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Goodwill, Intangible Assets, and Servicing Assets (Tables)

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The following table provides information regarding the core deposit intangibles at June 30, 2017:

		As of June 30, 2017
	Amortization period	Gross Carrying Amount		Accumulated Amortization
		(Dollars in thousands)
Core deposit—Center Financial acquisition	7 years	$	4,100	$	(3,825	)
Core deposit—PIB acquisition	7 years	603		(500		)
Core deposit—Foster acquisition	10 years	2,763		(1,490		)
Core deposit—Wilshire acquisition	10 years	18,138		(1,915		)
Total		$	25,604	$	(7,730	)

Schedule of Servicing Assets

The changes in servicing assets for the three and six months ended June 30, 2017 and 2016 were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	25,941		$	11,856		$	26,457		$	12,000
Additions through originations of servicing assets	1,316			1,309			2,612			2,087
Amortization	(1,919		)	(972		)	(3,731		)	(1,894		)
Balance at end of period	$	25,338		$	12,193		$	25,338		$	12,193

Summary of Fair Value Inputs

The inputs used in determining the impairment of the servicing assets at June 30, 2017 and December 31, 2016 are presented below.

	June 30, 2017	December 31, 2016
SBA Servicing Assets:
Weighted-average discount rate	10.13%	9.85%
Constant prepayment rate	8.20%	8.05%
Mortgage Servicing Assets:
Weighted-average discount rate	9.63%	7.25%
Constant prepayment rate	9.13%	13.77%

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below:

				Fair Value Measurements at the End of the Reporting Period Using
	June 30, 2017			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	9,995		$	—	$	9,995		$	—
GSE collateralized mortgage obligations (residential)	783,594			—		783,594			—
GSE mortgage-backed securities (residential)	771,543			—		771,543			—
Corporate securities	4,606			—		4,606			—
Municipal securities	97,512			—		96,385			1,127
Mutual funds	13,132			13,132		—			—
Interest rate swaps	(216		)	—		(216		)	—
Mortgage banking derivatives	50			—		50			—
Liabilities:
Interest rate swaps	(216		)	—		(216		)	—
Mortgage banking derivatives	9			—		9			—

				Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	12,008		$	—	$	12,008		$	—
GSE collateralized mortgage obligations (residential)	705,667			—		705,667			—
GSE mortgage-backed securities (residential)	728,041			—		728,041			—
Corporate securities	11,127			—		11,127			—
Municipal securities	86,839			—		85,700			1,139
Mutual funds	13,058			13,058		—			—
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	147			—		147			—
Liabilities:
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	41			—		41			—

Schedule of Derivative Instruments

The following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

	As of June 30, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	4,207	$	31		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	6,143	$	19		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	2,732	$	(7	)	$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	796	$	(2	)	$	9,755	$	(38	)

The following table reflects the notional amount and fair value of mortgage banking derivatives for the date indicated:

	As of June 30, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	4,207	$	31		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	6,143	$	19		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	2,732	$	(7	)	$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	796	$	(2	)	$	9,755	$	(38	)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017			2016
	(Dollars in thousands)
Beginning Balance	$	1,128		$	1,209	$	1,139		$	1,166
Total (losses) gains included in other comprehensive income	(1		)	25		(12		)	68
Ending Balance	$	1,127		$	1,234	$	1,127		$	1,234

Assets Measured at Fair Value on a Non-recurring Basis

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements at the End of the Reporting Period Using
	June 30, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	11,764	$	—	$	—	$	11,764
Commercial business	6,152		—		—		6,152
Loans held for sale, net	773		—		773		—
OREO	12,231		—		—		12,231

			Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	58,882	$	—	$	—	$	58,882
Commercial business	6,563		—		—		6,563
Consumer	253		—		—		253
Loans held for sale, net	3,788		—		3,788		—
OREO	21,990		—		—		21,990

For assets measured at fair value on a non-recurring basis, the total net gains (losses), which include charge offs, recoveries, specific reserves, and recognized gains and losses on sales are summarized below:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	(433	)	$	(58	)	$	(2,435	)	$	251
Commercial business	(4,027		)	(176		)	(5,001		)	(2,848		)
Trade Finance	(527		)	(215		)	(1,239		)	1,081
Consumer	(229		)	(32		)	(495		)	(94		)
Loans held for sale, net	353			43			772			43
OREO	(733		)	(668		)	(1,328		)	(1,245		)

Carrying Amounts and Estimated Fair Values of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at June 30, 2017 and December 31, 2016 were as follows:

	June 30, 2017
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	446,415	$	446,415	Level 1
Interest bearing deposits in other financial institutions and   other investments	43,962		43,238		Level 2/3
Loans held for sale	16,927		17,861		Level 2
Loans receivable—net	10,736,345		10,833,880		Level 3
FHLB stock	22,351		N/A		N/A
Accrued interest receivable	25,640		25,640		Level 2/3
Servicing assets	25,338		25,338		Level 3
Customers’ liabilities on acceptances	1,669		1,669		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	3,016,538	$	3,016,538	Level 2
Saving and other interest bearing demand deposits	3,838,676		3,838,676		Level 2
Time deposits	4,099,887		4,094,549		Level 2
FHLB advances	793,403		789,347		Level 2
Subordinated debentures	100,328		100,328		Level 2
Accrued interest payable	11,855		11,855		Level 2
Acceptances outstanding	1,669		1,669		Level 2
	December 31, 2016
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	437,334	$	437,334	Level 1
Interest bearing deposits in other financial institutions and   other investments	44,202		43,773		Level 2/3
Loans held for sale	22,785		24,492		Level 2
Loans receivable—net	10,463,989		10,666,642		Level 3
FHLB stock	21,964		N/A		N/A
Accrued interest receivable	26,880		26,880		Level 2/3
Servicing assets	26,457		26,457		Level 3
Customers’ liabilities on acceptances	2,899		2,899		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,900,241	$	2,900,241	Level 2
Saving and other interest bearing demand deposits	3,703,352		3,703,352		Level 2
Time deposits	4,038,442		4,036,664		Level 2
FHLB advances	754,290		749,486		Level 2
Subordinated debentures	99,808		99,808		Level 2
Accrued interest payable	10,863		10,863		Level 2
Acceptances outstanding	2,899		2,899		Level 2

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Stockholders’ Equity (Tables)

6 Months Ended

Jun. 30, 2017

Stockholders’ Equity and Regulatory Matters [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the quarterly changes to accumulated other comprehensive (loss) income for the three and six months ended June 30, 2017 and June 30, 2016:

	Three Months Ended,
	June 30, 2017			June 30, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(12,849	)	$	7,155
Unrealized gains on securities available for sale and interest only strips	4,776			6,603
Less tax effect	2,016			2,784
Total other comprehensive income	2,760			3,819
Balance at end of period	$	(10,089	)	$	10,974

	Six Months Ended,
	June 30, 2017			June 30, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(14,657	)	$	(1,832	)
Unrealized gains on securities available for sale and interest only strips	7,908			22,195
Less tax effect	3,340			9,389
Total other comprehensive income	4,568			12,806
Balance at end of period	$	(10,089	)	$	10,974

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Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2017

Banking and Thrift [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of June 30, 2017
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,438,907	12.18	%	$	531,657	4.50	%	$	679,340	5.750	%	N/A		N/A
Bank	$	1,514,997	12.83	%	$	531,376	4.50	%	$	678,980	5.750	%	$	767,543	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,619,043	13.70	%	$	945,169	8.00	%	$	1,092,851	9.250	%	N/A		N/A
Bank	$	1,598,707	13.54	%	$	944,668	8.00	%	$	1,092,273	9.250	%	$	1,180,835	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,535,333	13.00	%	$	708,876	6.00	%	$	856,559	7.250	%	N/A		N/A
Bank	$	1,514,997	12.83	%	$	708,501	6.00	%	$	678,980	7.250	%	$	944,668	8.00	%
Tier I capital (to average assets):
Company	$	1,535,333	11.80	%	$	520,617	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,514,997	11.64	%	$	520,527	4.00	%	N/A		N/A		$	650,659	5.00	%

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Mergers and Acquisitions - Additional Information (Details)		3 Months Ended				6 Months Ended
	Jul. 29, 2016 USD ($) branch shares	Jun. 30, 2017 USD ($) state branch	Mar. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2017 USD ($) state branch	Jun. 30, 2016 USD ($)
Business Acquisition [Line Items]
Branches operated | branch		63				63
States in which entity operates | state		9				9
Loans receivable, Net		$ 10,736,345,000		$ 10,463,989,000		$ 10,736,345,000
Merger and integration expenses		562,000			$ 1,533,000	1,509,000	$ 2,740,000
Wilshire Bancorp, Inc
Business Acquisition [Line Items]
Fair value of acquired impaired loans	$ 243,100,000
Branches operated | branch	35
Assets acquired	$ 4,630,000,000
Goodwill, Purchase Accounting Adjustments		475,000	$ (978,000)	(1,400,000)
Goodwill, Period Increase (Decrease)			978,000	(1,400,000)
Loans acquired	3,800,807,000
Deposits acquired	$ 3,812,367,000
Entity shares Issued per acquiree share | shares	0.7034
Stock issued for acquisitions | shares	55,500,000
Cash paid for fractional shares	$ 3,000
Consideration paid	$ 856,312,000
Loans receivable, gross		5,020,000,000		5,670,000,000		5,020,000,000
Loans receivable, Net		$ 3,270,000,000		$ 3,590,000,000		$ 3,270,000,000
Wilshire Bancorp, Inc | Other real estate owned [Member]
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments			(1,700,000)
Wilshire Bancorp, Inc | Deferred Tax Assets [Member]
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments			$ 716,000

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Mergers and Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($)	Jul. 29, 2016	Jun. 30, 2017	Dec. 31, 2016
Liabilities Assumed:
Excess of consideration paid over fair value of net assets acquired (goodwill)		$ 464,450,000	$ 462,997,000
Wilshire Bancorp, Inc
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Hope common stock issued in exchange for Wilshire common stock	$ 852,939,000
Cash paid for fractional shares	3,000
Hope stock options issued in exchange Wilshire stock options	3,370,000
Total consideration paid	856,312,000
Assets Acquired:
Cash and cash equivalents	100,127,000
Investment securities available for sale	478,938,000
Loans receivable	3,800,807,000
FRB and FHLB stock	16,539,000
OREO	13,173,000
Premises and equipment	16,812,000
Bank owned life insurance	25,240,000
Servicing assets	16,203,000
Low income housing tax credit investments	47,111,000
Core deposit intangibles	18,138,000
Deferred tax assets, net	17,698,000
Other assets	76,818,000
Liabilities Assumed:
Deposits	(3,812,367,000)
Borrowings	(206,282,000)
Subordinated debentures	(56,942,000)
Other liabilities	(54,751,000)
Total identifiable net assets	497,262,000
Excess of consideration paid over fair value of net assets acquired (goodwill)	$ 359,050,000	$ 359,000,000

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Mergers and Acquisitions - Acquisition Related Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Business Acquisition [Line Items]
Total merger and integration expenses	$ 562	$ 1,533	$ 1,509	$ 2,740
Merger and Integration Expense
Business Acquisition [Line Items]
Total merger and integration expenses	562	1,533	1,509	2,740
Merger and Integration Expense | Wilshire
Business Acquisition [Line Items]
Total merger and integration expenses	538	1,509	939	2,692
Merger and Integration Expense | U & I Financial Corp [Member]
Business Acquisition [Line Items]
Total merger and integration expenses	0	0	522	0
Merger and Integration Expense | Other
Business Acquisition [Line Items]
Total merger and integration expenses	$ 24	$ 24	$ 48	$ 48

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Stock-Based Compensation - Plan Description (Details) - shares		6 Months Ended
	Jul. 29, 2016	Jun. 30, 2017	Sep. 01, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)		1,328,988
Restricted stock, performance shares and performance units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, restriction period		1 year
Time based vesting of grants | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, restriction period		3 years
BBCN 2007 Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price of common stock, percent		100.00%
BBCN 2007 Plan | Stock options and stock appreciation rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term		10 years
BBCN 2007 Plan | Stock options and stock appreciation rights | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
BBCN 2007 Plan | Stock options and stock appreciation rights | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years
2016 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			2,400,000
2016 Stock Incentive Plan | Nonemployee director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term		10 years
Wilshire Bancorp, Inc
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Entity shares Issued per acquiree share	0.7034

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Stock-Based Compensation - Stock Option Activity (Details) - Stock options $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2017 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding - beginning of period (in shares) | shares	1,624,227
Granted (in shares) | shares	0
Exercised (in shares) | shares	70,183
Expired (in shares) | shares	(230,900)
Forfeited (in shares) | shares	0
Outstanding - end of period (in shares) | shares	1,323,144
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding - beginning of period, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	$ 15.30
Granted, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	0
Exercised, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	8.89
Expired, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	21.77
Forfeited, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	0.00
Outstanding - end of period, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	$ 14.51
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options exercisable - end of period (in shares) | shares	638,874
Options exercisable, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	$ 11.84
Outstanding, Weighted-Average Remaining Contractual Life (Years)	7 years 5 months 15 days
Options exercisable, Weighted-Average Remaining Contractual Life (Years)	5 years 10 months 12 days
Outstanding, Aggregate Intrinsic Value | $	$ 5,590
Options exercisable, Aggregate Intrinsic Value | $	$ 4,467

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Stock-Based Compensation - Restricted and Performance Unit Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Allocated share-based compensation expense	$ 760	$ 76	$ 1,500	$ 98
Tax benefit from compensation expense	$ 292	$ 32	$ 582	40
Retricted and performance unit activity
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding - beginning of period (in shares)			403,658
Granted (in shares)			66,012
Vested (in shares)			(67,359)
Forfeited (in shares)			(7,259)
Outstanding - end of period (in shares)	395,052		395,052
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding - beginning of period, Weighted-Average Grant Date Fair Value (in dollars per share)			$ 16.17
Granted, Weighted-Average Grant Date Fair Value (in dollars per share)			18.79
Vested, Weighted-Average Grant Date Fair Value (in dollars per share)			15.10
Forfeited, Weighted-Average Grant Date Fair Value (in dollars per share)			14.67
Outstanding - end of period, Weighted-Average Grant Date Fair Value (in dollars per share)	$ 16.82		$ 16.82
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Total compensation cost not yet recognized	$ 4,700		$ 4,700
Total compensation cost not yet recognized, period for recognition			2 years 7 months 29 days
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Equity instruments other than options, vested in period			$ 1,300	$ 675
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Total compensation cost not yet recognized	$ 1,600		$ 1,600
Total compensation cost not yet recognized, period for recognition			3 years 15 days

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Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income (Numerator)
Net income available to common stockholders - basic	$ 40,687	$ 23,390	$ 76,897	$ 47,013
Net income available to common stockholders - diluted	$ 40,687	$ 23,390	$ 76,897	$ 47,013
Shares (Denominator)
Weighted-Average Shares (Denominator) (shares)	135,257,044	79,604,673	135,252,556	79,595,599
Effect of Dilutive Securities:
Stock options and performance units (shares)	356,137	30,089	432,508	30,074
Diluted EPS - common stock (shares)	135,613,181	79,634,762	135,685,064	79,625,673
Per Share (Amount)
Basic EPS - common stock (in dollars per share)	$ 0.30	$ 0.29	$ 0.57	$ 0.59
Diluted EPS - common stock (in dollars per share)	$ 0.30	$ 0.29	$ 0.57	$ 0.59
Stock options and restricted shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive shares of common stock	530,334	451,670	542,328	445,113
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive shares of common stock	20,087	19,552	20,087	19,552

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Securities Available for Sale - Summary of Securities Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 1,698,002	$ 1,582,309
Gross Unrealized Gains	3,073	1,842
Gross Unrealized Losses	(20,693)	(27,411)
Estimated Fair Value	1,680,382	1,556,740
Debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,001	12,005
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(6)	0
Estimated Fair Value	9,995	12,008
Collateralized mortgage obligations (residential)
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	791,774	715,981
Gross Unrealized Gains	351	349
Gross Unrealized Losses	(8,531)	(10,663)
Estimated Fair Value	783,594	705,667
Mortgage-backed securities (residential)
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	780,937	741,304
Gross Unrealized Gains	1,580	1,132
Gross Unrealized Losses	(10,974)	(14,395)
Estimated Fair Value	771,543	728,041
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	4,567	11,576
Gross Unrealized Gains	39	0
Gross Unrealized Losses	0	(449)
Estimated Fair Value	4,606	11,127
Municipal securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	97,298	88,018
Gross Unrealized Gains	1,078	358
Gross Unrealized Losses	(864)	(1,537)
Estimated Fair Value	97,512	86,839
Total debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,684,577	1,568,884
Gross Unrealized Gains	3,048	1,842
Gross Unrealized Losses	(20,375)	(27,044)
Estimated Fair Value	1,667,250	1,543,682
Mutual funds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,425	13,425
Gross Unrealized Gains	25	0
Gross Unrealized Losses	(318)	(367)
Estimated Fair Value	$ 13,132	$ 13,058

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Securities Available for Sale - Amortized Cost and Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost - Due within one year	$ 10,724
Amortized Cost - Due after one year through five years	7,603
Amortized Cost - Due after five years through ten years	41,483
Amortized Cost - Due after ten years	52,056
Amortized Cost	1,698,002	$ 1,582,309
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value - Due within one year	10,722
Estimated Fair Value - Due after one year through five years	7,774
Estimated Fair Value - Due after five years through ten years	42,101
Estimated Fair Value - Due after ten years	51,516
Estimated Fair Value	1,680,382	1,556,740
Available-for-sale Securities, Restricted	362,100	382,100
Collateralized mortgage obligations (residential)
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost - no single maturity date	791,774
Amortized Cost	791,774	715,981
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value - no single maturity date	783,594
Estimated Fair Value	783,594	705,667
Mortgage-backed securities (residential)
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost - no single maturity date	780,937
Amortized Cost	780,937	741,304
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value - no single maturity date	771,543
Estimated Fair Value	771,543	728,041
Mutual funds
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost - no single maturity date	13,425
Amortized Cost	13,425	13,425
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value - no single maturity date	13,132
Estimated Fair Value	$ 13,132	$ 13,058

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Securities Available for Sale - Aggregate Unrealized Losses and Fair Value (Details)		6 Months Ended	12 Months Ended
		Jun. 30, 2017 USD ($) security	Dec. 31, 2016 USD ($) security	Mar. 31, 2017 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Number of Securities
Number of Securities, Less than 12 months | security		148	222
Number of Securities, 12 months or longer | security		11	5
Number of Securities, Total | security		159	227
Fair Value
Fair Value - Less than 12 months		$ 1,267,433,000	$ 1,328,003,000
Fair Value - 12 months or longer		79,028,000	40,446,000
Fair Value - Total		1,346,461,000	1,368,449,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months		(18,736,000)	(25,760,000)
Gross Unrealized Losses - 12 months or longer		(1,957,000)	(1,651,000)
Gross Unrealized Losses - Total		(20,693,000)	(27,411,000)
Unrealized losses on securities		(10,089,000)	(14,657,000)	$ (12,849,000)	$ 10,974,000	$ 7,155,000	$ (1,832,000)
OTTI recognized		0
Available-for-sale Securities
Gross Unrealized Losses
Unrealized losses on securities		(10,100,000)	(14,600,000)
Interest-Only-Strip
Gross Unrealized Losses
Unrealized losses on securities		$ (38,000)	$ (14,000)
Debt securities
Number of Securities
Number of Securities, Less than 12 months | security	[1]	3
Number of Securities, 12 months or longer | security	[1]	0
Number of Securities, Total | security	[1]	3
Fair Value
Fair Value - Less than 12 months	[1]	$ 9,995,000
Fair Value - 12 months or longer	[1]	0
Fair Value - Total	[1]	9,995,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months	[1]	(6,000)
Gross Unrealized Losses - 12 months or longer	[1]	0
Gross Unrealized Losses - Total	[1]	$ (6,000)
Non-US Government and agency securities | Credit concentration risk | Stockholders' equity
Gross Unrealized Losses
Maximum exposure to any single issuer		10.00%	10.00%
Collateralized mortgage obligations (residential)
Number of Securities
Number of Securities, Less than 12 months | security	[1]	64	66
Number of Securities, 12 months or longer | security	[1]	9	4
Number of Securities, Total | security	[1]	73	70
Fair Value
Fair Value - Less than 12 months	[1]	$ 609,323,000	$ 615,803,000
Fair Value - 12 months or longer	[1]	73,507,000	36,333,000
Fair Value - Total	[1]	682,830,000	652,136,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months	[1]	(6,834,000)	(9,459,000)
Gross Unrealized Losses - 12 months or longer	[1]	(1,697,000)	(1,204,000)
Gross Unrealized Losses - Total	[1]	(8,531,000)	$ (10,663,000)
OTTI recognized		$ 0
Mortgage-backed securities (residential)
Number of Securities
Number of Securities, Less than 12 months | security	[1]	58	57
Number of Securities, 12 months or longer | security	[1]	0	0
Number of Securities, Total | security	[1]	58	57
Fair Value
Fair Value - Less than 12 months	[1]	$ 608,637,000	$ 622,797,000
Fair Value - 12 months or longer	[1]	0	0
Fair Value - Total	[1]	608,637,000	622,797,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months	[1]	(10,974,000)	(14,395,000)
Gross Unrealized Losses - 12 months or longer	[1]	0	0
Gross Unrealized Losses - Total	[1]	(10,974,000)	$ (14,395,000)
OTTI recognized		$ 0
Corporate securities
Number of Securities
Number of Securities, Less than 12 months | security			1
Number of Securities, 12 months or longer | security			1
Number of Securities, Total | security			2
Fair Value
Fair Value - Less than 12 months			$ 7,014,000
Fair Value - 12 months or longer			4,113,000
Fair Value - Total			11,127,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months			(2,000)
Gross Unrealized Losses - 12 months or longer			(447,000)
Gross Unrealized Losses - Total			$ (449,000)
Municipal securities
Number of Securities
Number of Securities, Less than 12 months | security		21	95
Number of Securities, 12 months or longer | security		1	0
Number of Securities, Total | security		22	95
Fair Value
Fair Value - Less than 12 months		$ 32,835,000	$ 69,331,000
Fair Value - 12 months or longer		519,000	0
Fair Value - Total		33,354,000	69,331,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months		(849,000)	(1,537,000)
Gross Unrealized Losses - 12 months or longer		(15,000)	0
Gross Unrealized Losses - Total		$ (864,000)	$ (1,537,000)
Mutual funds
Number of Securities
Number of Securities, Less than 12 months | security		2	3
Number of Securities, 12 months or longer | security		1	0
Number of Securities, Total | security		3	3
Fair Value
Fair Value - Less than 12 months		$ 6,643,000	$ 13,058,000
Fair Value - 12 months or longer		5,002,000	0
Fair Value - Total		11,645,000	13,058,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months		(73,000)	(367,000)
Gross Unrealized Losses - 12 months or longer		(245,000)	0
Gross Unrealized Losses - Total		$ (318,000)	$ (367,000)

[1] Investments in U.S. Government agency and U.S. Government sponsored enterprises

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Loans Receivable and Allowance for Loan Losses - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017 USD ($) segment	Mar. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Real estate loans:
Loans	$ 10,818,344		$ 10,544,989
Less: deferred loan fees	(1,925)		(1,657)
Loans receivable	10,816,419		10,543,332
Less: allowance for loan losses	(80,074)	$ (78,659)	(79,343)	$ (76,425)	$ (76,856)	$ (76,408)
Loans receivable, net of allowance for loan losses	$ 10,736,345		10,463,989
Number of portfolio segments | segment	4
Real estate loans
Real estate loans:
Loans	$ 8,432,395		8,154,570
Real estate loans | Residential
Real estate loans:
Loans	60,544		57,884
Less: allowance for loan losses	(171)		(209)
Real estate loans | Commercial & industrial
Real estate loans:
Loans	8,065,057		7,842,573
Less: allowance for loan losses	(51,902)		(49,917)
Real estate loans | Construction
Real estate loans:
Loans	306,794		254,113
Less: allowance for loan losses	(1,816)		(1,621)
Commercial business
Real estate loans:
Loans	1,744,103		1,832,021
Less: allowance for loan losses	(22,786)		(23,547)
Trade finance
Real estate loans:
Loans	181,400		154,928
Less: allowance for loan losses	(1,106)		(1,897)
Consumer and other
Real estate loans:
Loans	460,446		403,470
Less: allowance for loan losses	$ (2,293)		$ (2,152)

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Loans Receivable and Allowance for Loan Losses - Accretable Yield Movement Schedule on Acquired Credit Impaired Loans in Center Merger (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period	$ 51,651	$ 22,097	$ 38,591	$ 23,777
Accretion	(5,212)	(2,474)	(10,560)	(5,503)
Changes in expected cash flows	7,218	527	25,626	1,876
Balance at end of period	$ 53,657	$ 20,150	$ 53,657	$ 20,150

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Loans Receivable and Allowance for Loan Losses - Allowance for Credit Losses on Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Dec. 31, 2016
Allowance for Loan Losses and the Loans Receivables by Impairment Methodology
Recognized provision for credit losses related to unfunded commitments	$ 201	$ 109	$ 442	$ (461)
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	78,659	76,856	79,343	76,408
Provision (credit) for loan losses	2,760	1,200	8,360	1,700
Loans charged off	(2,122)	(2,295)	(8,727)	(3,116)
Recoveries of charged offs	777	664	1,098	1,433
Balance, end of period	80,074	76,425	80,074	76,425
Allowance for loan losses - Individually evaluated for impairment					$ 8,950	$ 7,409
Allowance for loan losses - Collectively evaluated for impairment					59,058	59,804
Allowance for loan losses - Total	78,659	76,856	79,343	76,408	80,074	79,343
Loans outstanding - Individually evaluated for impairment					100,663	140,361
Loans outstanding - Collectively evaluated for impairment					10,471,024	10,131,183
Loans outstanding - ACILs					10,736,345	10,463,989
Total loans outstanding					10,818,344	10,544,989
Legacy
Allowance for Loan Losses by Portfolio Segment
Total loans outstanding					7,522,251	6,721,566
Acquired
Allowance for Loan Losses by Portfolio Segment
Provision (credit) for loan losses	215		2,100
Total loans outstanding					3,296,093	3,823,423
Real estate
Allowance for Loan Losses by Portfolio Segment
Total loans outstanding					8,432,395	8,154,570
Real estate | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	43,929	42,115	38,956	42,829
Provision (credit) for loan losses	(2,596)	1,375	3,510	157
Loans charged off	(892)	0	(2,046)	(19)
Recoveries of charged offs	37	176	58	699
Balance, end of period	40,478	43,666	40,478	43,666
Allowance for loan losses - Individually evaluated for impairment					1,907	1,889
Allowance for loan losses - Collectively evaluated for impairment					38,571	37,067
Allowance for loan losses - Total	43,929	42,115	38,956	42,829	40,478	38,956
Loans outstanding - Individually evaluated for impairment					46,357	74,085
Loans outstanding - Collectively evaluated for impairment					5,829,796	5,271,262
Total loans outstanding					5,876,153	5,345,347
Real estate | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	13,455	12,626	12,791	12,823
Provision (credit) for loan losses	(69)	187	906	105
Loans charged off	19	(207)	(317)	(323)
Recoveries of charged offs	6	1	31	2
Balance, end of period	13,411	12,607	13,411	12,607
Allowance for loan losses - Individually evaluated for impairment					256	113
Allowance for loan losses - Collectively evaluated for impairment					1,089	548
Allowance for loan losses - Total	13,455	12,626	12,791	12,823	13,411	12,791
Loans outstanding - Individually evaluated for impairment					12,045	23,865
Loans outstanding - Collectively evaluated for impairment					2,365,273	2,597,200
Total loans outstanding					2,556,242	2,809,223
Commercial business
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			23,547
Balance, end of period	22,786		22,786
Allowance for loan losses - Total	22,786		23,547		22,786	23,547
Total loans outstanding					1,744,103	1,832,021
Commercial business | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	17,479	19,048	23,430	16,332
Provision (credit) for loan losses	3,741	(798)	857	2,349
Loans charged off	(425)	(2,005)	(3,615)	(2,626)
Recoveries of charged offs	700	331	823	521
Balance, end of period	21,495	16,576	21,495	16,576
Allowance for loan losses - Individually evaluated for impairment					6,303	4,420
Allowance for loan losses - Collectively evaluated for impairment					15,192	19,010
Allowance for loan losses - Total	17,479	19,048	23,430	16,332	21,495	23,430
Loans outstanding - Individually evaluated for impairment					35,487	34,783
Loans outstanding - Collectively evaluated for impairment					1,235,783	1,079,348
Total loans outstanding					1,271,270	1,114,131
Commercial business | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	944	154	117	214
Provision (credit) for loan losses	374	(42)	1,122	(154)
Loans charged off	(55)	(33)	(125)	(33)
Recoveries of charged offs	28	69	177	121
Balance, end of period	1,291	148	1,291	148
Allowance for loan losses - Individually evaluated for impairment					451	73
Allowance for loan losses - Collectively evaluated for impairment					840	44
Allowance for loan losses - Total	944	154	117	214	1,291	117
Loans outstanding - Individually evaluated for impairment					1,285	435
Loans outstanding - Collectively evaluated for impairment					419,050	650,710
Total loans outstanding					472,833	717,890
Trade finance
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			1,897
Balance, end of period	1,106		1,106
Allowance for loan losses - Total	1,106		1,897		1,106	1,897
Total loans outstanding					181,400	154,928
Trade finance | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	624	2,085	1,897	3,592
Provision (credit) for loan losses	900	364	1,203	(1,143)
Loans charged off	(528)	0	(2,104)	0
Recoveries of charged offs	4	0	4	0
Balance, end of period	1,000	2,449	1,000	2,449
Allowance for loan losses - Individually evaluated for impairment					3	864
Allowance for loan losses - Collectively evaluated for impairment					997	1,033
Allowance for loan losses - Total	624	2,085	1,897	3,592	1,000	1,897
Loans outstanding - Individually evaluated for impairment					4,182	6,029
Loans outstanding - Collectively evaluated for impairment					105,921	75,365
Total loans outstanding					110,103	81,394
Trade finance | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	187	0	0	0
Provision (credit) for loan losses	(81)	0	106	0
Loans charged off	0	0	0	0
Recoveries of charged offs	0	0	0	0
Balance, end of period	106	0	106	0
Allowance for loan losses - Individually evaluated for impairment					0	0
Allowance for loan losses - Collectively evaluated for impairment					106	0
Allowance for loan losses - Total	187	0	0	0	106	0
Loans outstanding - Individually evaluated for impairment					0	0
Loans outstanding - Collectively evaluated for impairment					68,108	70,535
Total loans outstanding					71,297	73,534
Consumer and other
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			2,152
Balance, end of period	2,293		2,293
Allowance for loan losses - Total	2,293		2,152		2,293	2,152
Total loans outstanding					460,446	403,470
Consumer and other | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	2,022	768	2,116	556
Provision (credit) for loan losses	500	123	684	399
Loans charged off	(241)	(50)	(520)	(115)
Recoveries of charged offs	1	85	2	86
Balance, end of period	2,282	926	2,282	926
Allowance for loan losses - Individually evaluated for impairment					30	50
Allowance for loan losses - Collectively evaluated for impairment					2,252	2,066
Allowance for loan losses - Total	2,022	768	2,116	556	2,282	2,116
Loans outstanding - Individually evaluated for impairment					697	733
Loans outstanding - Collectively evaluated for impairment					264,028	179,961
Total loans outstanding					264,725	180,694
Consumer and other | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	19	60	36	62
Provision (credit) for loan losses	(9)	(9)	(28)	(13)
Loans charged off	0	0	0	0
Recoveries of charged offs	1	2	3	4
Balance, end of period	11	53	11	53
Allowance for loan losses - Individually evaluated for impairment					0	0
Allowance for loan losses - Collectively evaluated for impairment					11	36
Allowance for loan losses - Total	19	$ 60	36	$ 62	11	36
Loans outstanding - Individually evaluated for impairment					610	431
Loans outstanding - Collectively evaluated for impairment					183,065	206,802
Total loans outstanding					195,721	222,776
Receivables acquired with deteriorated credit quality
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			12,130
Balance, end of period	12,066		12,066
Allowance for loan losses - Total	12,066		12,130		12,066	12,130
Loans outstanding - ACILs					246,657	273,445
Receivables acquired with deteriorated credit quality | Real estate | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			0
Balance, end of period	0		0
Allowance for loan losses - Total	0		0		0	0
Loans outstanding - ACILs					0	0
Receivables acquired with deteriorated credit quality | Real estate | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			12,130
Balance, end of period	12,066		12,066
Allowance for loan losses - Total	12,066		12,130		12,066	12,130
Loans outstanding - ACILs					178,924	188,158
Receivables acquired with deteriorated credit quality | Commercial business | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			0
Balance, end of period	0		0
Allowance for loan losses - Total	0		0		0	0
Loans outstanding - ACILs					0	0
Receivables acquired with deteriorated credit quality | Commercial business | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			0
Balance, end of period	0		0
Allowance for loan losses - Total	0		0		0	0
Loans outstanding - ACILs					52,498	66,745
Receivables acquired with deteriorated credit quality | Trade finance | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			0
Balance, end of period	0		0
Allowance for loan losses - Total	0		0		0	0
Loans outstanding - ACILs					0	0
Receivables acquired with deteriorated credit quality | Trade finance | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			0
Balance, end of period	0		0
Allowance for loan losses - Total	0		0		0	0
Loans outstanding - ACILs					3,189	2,999
Receivables acquired with deteriorated credit quality | Consumer and other | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			0
Balance, end of period	0		0
Allowance for loan losses - Total	0		0		0	0
Loans outstanding - ACILs					0	0
Receivables acquired with deteriorated credit quality | Consumer and other | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period			0
Balance, end of period	0		0
Allowance for loan losses - Total	$ 0		$ 0		0	0
Loans outstanding - ACILs					$ 12,046	$ 15,543

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Loans Receivable and Allowance for Loan Losses - Impaired Financing Receivables (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2017		Jun. 30, 2016	Jun. 30, 2017		Jun. 30, 2016	Dec. 31, 2016
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance	[1]	$ 39,729			$ 39,729			$ 60,758
Recorded Investment, With no related allowance	[1]	60,934			60,934			79,603
Related Allowance		(8,950)			(8,950)			(7,409)
Impaired Loans, net of allowance		91,713			91,713			132,952
Total recorded investment	[1]	100,663			100,663			140,361
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		44,335			44,335			62,494
Unpaid Contractual Principal Balance, With no related allowance		76,619			76,619			91,065
Impaired Financing Receivable, Unpaid Principal Balance		120,954			120,954			153,559
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	45,934		$ 72,920	50,877		$ 74,636
Average Recorded Investment, With no related allowance	[1]	69,187		65,571	72,658		63,718
Average Recorded Investment, Total	[1]	115,121		138,491	123,535		138,354
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		422		604	774		1,171
Interest Income Recognized during Impairment, With no related allowance		270		493	538		987
Interest Income Recognized during Impairment, Total		692		1,097	$ 1,312		2,158
Threshold period for loans to be placed on nonaccrual status					90 days
WIthout charge-offs
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		37,636			$ 37,636			59,638
Recorded Investment, With no related allowance		54,707			54,707			76,775
With charge-offs
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		2,093			2,093			1,120
Recorded Investment, With no related allowance		6,227			6,227			2,828
Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		3,247			3,247			2,593
Recorded Investment, With no related allowance		10,693			10,693			22,138
Related Allowance		(707)			(707)			(186)
Total recorded investment		13,940			13,940			24,731
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		6,711			6,711			2,930
Unpaid Contractual Principal Balance, With no related allowance		14,533			14,533			26,118
Impaired Financing Receivable, Unpaid Principal Balance		21,244			21,244			29,048
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		2,503		2,329	2,534		2,736
Average Recorded Investment, With no related allowance		14,774		16,155	17,228		16,587
Average Recorded Investment, Total		17,277		18,484	19,762		19,323
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		10		11	18		22
Interest Income Recognized during Impairment, With no related allowance		33		80	66		163
Interest Income Recognized during Impairment, Total		43		91	84		185
Real estate | Residential
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0	[1]		0	[1]		0
Recorded Investment, With no related allowance		0	[1]		0	[1]		3,562
Related Allowance		0			0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0			0
Unpaid Contractual Principal Balance, With no related allowance		0			0			3,562
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	0		0	0		0
Average Recorded Investment, With no related allowance	[1]	732		0	1,675		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0	0		0
Interest Income Recognized during Impairment, With no related allowance		0		0	0		0
Real estate | Residential | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0			0
Recorded Investment, With no related allowance		0			0			679
Related Allowance		0			0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0			0
Unpaid Contractual Principal Balance, With no related allowance		0			0			679
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0	0		0
Average Recorded Investment, With no related allowance		0		0	226		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0	0		0
Interest Income Recognized during Impairment, With no related allowance		0		0	0		0
Real estate | Commercial & industrial
Impaired Loans, Recorded Investment
Related Allowance		(2,163)			(2,163)			(2,002)
Real estate | Commercial & industrial | Retail
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		1,464	[1]		1,464	[1]		2,095
Recorded Investment, With no related allowance		9,675	[1]		9,675	[1]		12,753
Related Allowance		(134)			(134)			(90)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		1,583			1,583			2,384
Unpaid Contractual Principal Balance, With no related allowance		11,057			11,057			13,290
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	1,022		1,486	1,380		1,614
Average Recorded Investment, With no related allowance	[1]	13,214		10,029	13,060		10,454
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		4		0	7		0
Interest Income Recognized during Impairment, With no related allowance		82		79	161		160
Real estate | Commercial & industrial | Retail | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		1,194			1,194			1,826
Recorded Investment, With no related allowance		1,456			1,456			3,148
Related Allowance		(128)			(128)			(85)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		1,313			1,313			2,114
Unpaid Contractual Principal Balance, With no related allowance		1,508			1,508			3,214
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		753		1,103	1,110		1,125
Average Recorded Investment, With no related allowance		2,903		2,491	2,985		2,542
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		4		0	7		0
Interest Income Recognized during Impairment, With no related allowance		15		26	30		52
Real estate | Commercial & industrial | Hotel & motel
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		1,843	[1]		1,843	[1]		6,387
Recorded Investment, With no related allowance		12,817	[1]		12,817	[1]		6,122
Related Allowance		(109)			(109)			(337)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		2,606			2,606			6,387
Unpaid Contractual Principal Balance, With no related allowance		18,499			18,499			11,735
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	4,119		2,925	4,875		3,515
Average Recorded Investment, With no related allowance	[1]	9,545		8,922	8,404		8,479
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		16		16	32		32
Interest Income Recognized during Impairment, With no related allowance		0		49	0		98
Real estate | Commercial & industrial | Hotel & motel | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		260			260			0
Recorded Investment, With no related allowance		4,807			4,807			4,767
Related Allowance		(2)			(2)			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		1,005			1,005			0
Unpaid Contractual Principal Balance, With no related allowance		7,285			7,285			7,171
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		176		0	117		0
Average Recorded Investment, With no related allowance		4,823		5,903	4,805		6,273
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0	0		0
Interest Income Recognized during Impairment, With no related allowance		0		3	0		7
Real estate | Commercial & industrial | Gas station & car wash
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0	[1]		0	[1]		215
Recorded Investment, With no related allowance		3,106	[1]		3,106	[1]		5,043
Related Allowance		0			0			(41)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0			228
Unpaid Contractual Principal Balance, With no related allowance		6,321			6,321			7,449
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	0		794	72		1,052
Average Recorded Investment, With no related allowance	[1]	3,633		5,268	4,103		4,763
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		9	0		19
Interest Income Recognized during Impairment, With no related allowance		0		25	0		50
Real estate | Commercial & industrial | Gas station & car wash | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0			0
Recorded Investment, With no related allowance		460			460			1,568
Related Allowance		0			0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0			0
Unpaid Contractual Principal Balance, With no related allowance		903			903			1,815
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0	0		339
Average Recorded Investment, With no related allowance		539		1,593	882		1,458
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0	0		0
Interest Income Recognized during Impairment, With no related allowance		0		25	0		50
Real estate | Commercial & industrial | Mixed use
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		287	[1]		287	[1]		206
Recorded Investment, With no related allowance		1,229	[1]		1,229	[1]		7,303
Related Allowance		(3)			(3)			(27)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		2,695			2,695			732
Unpaid Contractual Principal Balance, With no related allowance		1,773			1,773			7,822
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	268		386	247		445
Average Recorded Investment, With no related allowance	[1]	3,879		2,331	5,020		2,348
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		2		2	3		3
Interest Income Recognized during Impairment, With no related allowance		0		12	0		24
Real estate | Commercial & industrial | Mixed use | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		248			248			136
Recorded Investment, With no related allowance		46			46			5,315
Related Allowance		(2)			(2)			(2)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		2,099			2,099			136
Unpaid Contractual Principal Balance, With no related allowance		274			274			5,551
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		249		316	212		375
Average Recorded Investment, With no related allowance		2,664		271	3,548		272
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		2		2	3		3
Interest Income Recognized during Impairment, With no related allowance		0		3	0		5
Real estate | Commercial & industrial | Industrial & warehouse
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		503	[1]		503	[1]		530
Recorded Investment, With no related allowance		8,725	[1]		8,725	[1]		9,673
Related Allowance		(101)			(101)			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		1,198			1,198			530
Unpaid Contractual Principal Balance, With no related allowance		8,800			8,800			9,748
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	1,692		552	1,305		555
Average Recorded Investment, With no related allowance	[1]	8,612		10,957	8,965		10,294
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		6	0		12
Interest Income Recognized during Impairment, With no related allowance		58		89	116		179
Real estate | Commercial & industrial | Industrial & warehouse | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		503			503			0
Recorded Investment, With no related allowance		64			64			66
Related Allowance		(101)			(101)			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		1,198			1,198			0
Unpaid Contractual Principal Balance, With no related allowance		64			64			66
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		251		0	168		0
Average Recorded Investment, With no related allowance		65		1,090	65		1,103
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0	0		0
Interest Income Recognized during Impairment, With no related allowance		1		2	2		5
Real estate | Commercial & industrial | Other
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		4,755	[1]		4,755	[1]		22,580
Recorded Investment, With no related allowance		12,698	[1]		12,698	[1]		20,181
Related Allowance		(1,816)			(1,816)			(1,507)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		5,000			5,000			22,825
Unpaid Contractual Principal Balance, With no related allowance		13,870			13,870			21,492
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	13,584		24,257	16,583		24,372
Average Recorded Investment, With no related allowance	[1]	14,173		10,676	16,176		11,534
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		60		274	117		550
Interest Income Recognized during Impairment, With no related allowance		81		43	162		85
Real estate | Commercial & industrial | Other | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		328			328			337
Recorded Investment, With no related allowance		2,679			2,679			6,023
Related Allowance		(23)			(23)			(26)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		332			332			341
Unpaid Contractual Principal Balance, With no related allowance		3,234			3,234			6,752
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		330		324	333		318
Average Recorded Investment, With no related allowance		2,931		3,761	3,961		3,799
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		4		4	8		9
Interest Income Recognized during Impairment, With no related allowance		8		13	16		26
Real estate | Construction
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0	[1]		0	[1]		0
Recorded Investment, With no related allowance		1,300	[1]		1,300	[1]		1,300
Related Allowance		0			0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0			0
Unpaid Contractual Principal Balance, With no related allowance		1,441			1,441			1,441
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	0		0	0		0
Average Recorded Investment, With no related allowance	[1]	2,078		1,321	1,819		1,337
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0	0		0
Interest Income Recognized during Impairment, With no related allowance		0		0	0		0
Real estate | Construction | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0			0
Recorded Investment, With no related allowance		0			0			0
Related Allowance		0			0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0			0
Unpaid Contractual Principal Balance, With no related allowance		0			0			0
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0	0		0
Average Recorded Investment, With no related allowance		0		0	0		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0	0		0
Interest Income Recognized during Impairment, With no related allowance		0		0	0		0
Commercial business
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		26,770	[1]		26,770	[1]		26,543
Recorded Investment, With no related allowance		10,002	[1]		10,002	[1]		8,675
Related Allowance		(6,754)			(6,754)			(4,493)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		27,146			27,146			27,161
Unpaid Contractual Principal Balance, With no related allowance		13,452			13,452			9,472
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	23,154		35,826	24,284		34,393
Average Recorded Investment, With no related allowance	[1]	9,953		13,022	9,527		12,034
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		233		271	456		481
Interest Income Recognized during Impairment, With no related allowance		41		140	83		281
Commercial business | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		714			714			294
Recorded Investment, With no related allowance		571			571			141
Related Allowance		(451)			(451)			(73)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		764			764			339
Unpaid Contractual Principal Balance, With no related allowance		641			641			386
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		744		506	594		526
Average Recorded Investment, With no related allowance		408		675	319		673
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		3	0		6
Interest Income Recognized during Impairment, With no related allowance		7		8	14		17
Trade finance
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		4,035	[1]		4,035	[1]		2,111
Recorded Investment, With no related allowance		147	[1]		147	[1]		3,918
Related Allowance		(3)			(3)			(864)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		4,035			4,035			2,156
Unpaid Contractual Principal Balance, With no related allowance		147			147			3,918
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	2,018		6,286	2,049		8,373
Average Recorded Investment, With no related allowance	[1]	2,298		2,225	2,838		1,484
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		106		16	157		57
Interest Income Recognized during Impairment, With no related allowance		2		56	3		109
Trade finance | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0			0
Recorded Investment, With no related allowance		0			0			0
Related Allowance		0			0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0			0
Unpaid Contractual Principal Balance, With no related allowance		0			0			0
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0	0		0
Average Recorded Investment, With no related allowance		0		0	0		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0	0		0
Interest Income Recognized during Impairment, With no related allowance		0		0	0		0
Consumer and other
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		72	[1]		72	[1]		91
Recorded Investment, With no related allowance		1,235	[1]		1,235	[1]		1,073
Related Allowance		(30)			(30)			(50)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		72			72			91
Unpaid Contractual Principal Balance, With no related allowance		1,259			1,259			1,136
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	77		408	82		317
Average Recorded Investment, With no related allowance	[1]	1,070		820	1,071		991
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		1		10	2		17
Interest Income Recognized during Impairment, With no related allowance		6		0	13		1
Consumer and other | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0			0
Recorded Investment, With no related allowance		610			610			431
Related Allowance		0			0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0			0
Unpaid Contractual Principal Balance, With no related allowance		624			624			$ 484
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		80	0		53
Average Recorded Investment, With no related allowance		441		371	437		467
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		2	0		4
Interest Income Recognized during Impairment, With no related allowance		$ 2		$ 0	$ 4		$ 1

[1] Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

XML

Loans Receivable and Allowance for Loan Losses - Past Due Financing Receivables (Details) - USD ($) $ in Thousands		Jun. 30, 2017		Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 26,870		$ 18,342
Total Delinquent loans		74,231		58,416
Guaranteed portion of delinquent SBA loans excluded from Nonaccrual loans		15,500		15,900
Nonaccrual loans less than 30 days past due		47,361		40,074
Legacy
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		19,330		13,278
Total Delinquent loans		56,172		42,222
Nonaccrual loans less than 30 days past due		36,842		28,944
Legacy | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		3,164		1,373
Total Delinquent loans		15,278		10,744
Nonaccrual loans less than 30 days past due	[1]	12,114		9,371
Legacy | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		92		500
Total Delinquent loans		92		2,556
Nonaccrual loans less than 30 days past due	[1]	0		2,056
Legacy | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		514		509
Total Delinquent loans		814		738
Nonaccrual loans less than 30 days past due	[1]	300		229
Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		7,540	[2]	5,064	[3]
Total Delinquent loans		18,059	[3]	16,194
Nonaccrual loans less than 30 days past due		10,519		11,130
Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,519	[2]	1,987	[3]
Total Delinquent loans		2,280	[2]	2,332	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	761		345
Acquired | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Total Delinquent loans		0	[2]	0	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	0		0
Acquired | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		158	[2]	356	[3]
Total Delinquent loans		842	[2]	905	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	684		549
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		12,283		10,268
30 to 59 Days Past Due | Legacy
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		5,910		6,253
30 to 59 Days Past Due | Legacy | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		919		558
30 to 59 Days Past Due | Legacy | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		92		0
30 to 59 Days Past Due | Legacy | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		131		146
30 to 59 Days Past Due | Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		6,373	[2]	4,015	[3]
30 to 59 Days Past Due | Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		660	[2]	1,303	[3]
30 to 59 Days Past Due | Acquired | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
30 to 59 Days Past Due | Acquired | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		64	[2]	331	[3]
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		12,737		7,769
60 to 89 Days Past Due | Legacy
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		11,741		6,720
60 to 89 Days Past Due | Legacy | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		2,245		815
60 to 89 Days Past Due | Legacy | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		500
60 to 89 Days Past Due | Legacy | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		137		58
60 to 89 Days Past Due | Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		996	[2]	1,049	[3]
60 to 89 Days Past Due | Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		859	[2]	684	[3]
60 to 89 Days Past Due | Acquired | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
60 to 89 Days Past Due | Acquired | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	25	[3]
90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,850		305
90 or More Days Past Due | Legacy
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,679		305
90 or More Days Past Due | Legacy | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
90 or More Days Past Due | Legacy | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
90 or More Days Past Due | Legacy | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		246		305
90 or More Days Past Due | Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		171	[2]	0	[3]
90 or More Days Past Due | Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
90 or More Days Past Due | Acquired | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
90 or More Days Past Due | Acquired | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		94	[2]	0	[3]
Less than 30 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans less than 30 days past due		14,700		18,300
Residential | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Total Delinquent loans		0		0
Nonaccrual loans less than 30 days past due	[1]	0		0
Residential | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Total Delinquent loans		0	[2]	679	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	0		679
Residential | 30 to 59 Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Residential | 30 to 59 Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Residential | 60 to 89 Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Residential | 60 to 89 Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Residential | 90 or More Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Residential | 90 or More Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | Legacy | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,012		480
Total Delinquent loans		4,404		4,152
Nonaccrual loans less than 30 days past due	[1]	3,392		3,672
Commercial & industrial | Legacy | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		3,678		4,973
Total Delinquent loans		11,983		6,365
Nonaccrual loans less than 30 days past due	[1]	8,305		1,392
Commercial & industrial | Legacy | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		362
Total Delinquent loans		2,646		4,052
Nonaccrual loans less than 30 days past due	[1]	2,646		3,690
Commercial & industrial | Legacy | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		539		0
Total Delinquent loans		1,760		1,305
Nonaccrual loans less than 30 days past due	[1]	1,221		1,305
Commercial & industrial | Legacy | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		697
Total Delinquent loans		3,472		2,619
Nonaccrual loans less than 30 days past due	[1]	3,472		1,922
Commercial & industrial | Legacy | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		3,331		2,871
Total Delinquent loans		7,423		6,878
Nonaccrual loans less than 30 days past due	[1]	4,092		4,007
Commercial & industrial | Acquired | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		137	[2]	1,611	[3]
Total Delinquent loans		1,159	[2]	3,482	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	1,022		1,871
Commercial & industrial | Acquired | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	95	[3]
Total Delinquent loans		5,067	[2]	4,596	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	5,067		4,501
Commercial & industrial | Acquired | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	408	[3]
Total Delinquent loans		460	[2]	1,401	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	460		993
Commercial & industrial | Acquired | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		30	[2]	0	[3]
Total Delinquent loans		191	[2]	48	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	161		48
Commercial & industrial | Acquired | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		33	[2]	257	[3]
Total Delinquent loans		536	[2]	257	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	503		0
Commercial & industrial | Acquired | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		5,568	[2]	350	[3]
Total Delinquent loans		7,429	[2]	2,494	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	1,861		2,144
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		555		480
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		343		1,836
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		362
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		539		0
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		3,331		2,871
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	1,611	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	95	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	68	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		30	[2]	0	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		33	[2]	257	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		5,491	[2]	350	[3]
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		457		0
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,902		3,137
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		697
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		137	[2]	0	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	340	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,433		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		77	[2]	0	[3]
Construction | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		7,000		1,513
Total Delinquent loans		8,300		2,813
Nonaccrual loans less than 30 days past due	[1]	1,300		1,300
Construction | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		95	[2]	0	[3]
Total Delinquent loans		95	[2]	0	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	0		0
Construction | 30 to 59 Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Construction | 30 to 59 Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		95	[2]	0	[3]
Construction | 60 to 89 Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		7,000		1,513
Construction | 60 to 89 Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Construction | 90 or More Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Construction | 90 or More Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 0	[2]	$ 0	[3]

[1] of delinquent SBA loans that are in liquidation totaling $15.5 million. Includes nonaccrual loans less than 30 days past due totaling $14.7 million.

[2] Acquired Loans exclude PCI loans.

[3] Acquired Loans exclude PCI loans.

XML

Loans Receivable and Allowance for Loan Losses - Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 10,818,344	$ 10,544,989
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	10,251,847	9,988,278
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	251,057	243,656
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	311,572	311,106
Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	3,868	1,949
Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	8,432,395	8,154,570
Real estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	60,544	57,884
Real estate | Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Loans	8,065,057	7,842,573
Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	306,794	254,113
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans	1,744,103	1,832,021
Trade finance
Financing Receivable, Recorded Investment [Line Items]
Loans	181,400	154,928
Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	460,446	403,470
Legacy
Financing Receivable, Recorded Investment [Line Items]
Loans	7,522,251	6,721,566
Legacy | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	7,190,573	6,430,967
Legacy | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	152,373	127,562
Legacy | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	177,097	162,942
Legacy | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	2,208	95
Legacy | Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	5,876,153	5,345,347
Legacy | Real estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	42,910	37,389
Legacy | Real estate | Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	39,957	34,283
Legacy | Real estate | Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	1,497	223
Legacy | Real estate | Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	1,456	2,883
Legacy | Real estate | Residential | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Retail
Financing Receivable, Recorded Investment [Line Items]
Loans	1,512,188	1,337,811
Legacy | Real estate | Commercial & industrial | Retail | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,468,439	1,303,452
Legacy | Real estate | Commercial & industrial | Retail | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	23,024	18,929
Legacy | Real estate | Commercial & industrial | Retail | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	20,725	15,430
Legacy | Real estate | Commercial & industrial | Retail | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Hotel & motel
Financing Receivable, Recorded Investment [Line Items]
Loans	1,208,036	1,209,498
Legacy | Real estate | Commercial & industrial | Hotel & motel | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,185,023	1,187,709
Legacy | Real estate | Commercial & industrial | Hotel & motel | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	10,770	12,763
Legacy | Real estate | Commercial & industrial | Hotel & motel | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	12,243	9,026
Legacy | Real estate | Commercial & industrial | Hotel & motel | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Gas station & car wash
Financing Receivable, Recorded Investment [Line Items]
Loans	693,376	654,231
Legacy | Real estate | Commercial & industrial | Gas station & car wash | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	675,710	643,282
Legacy | Real estate | Commercial & industrial | Gas station & car wash | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	11,422	7,259
Legacy | Real estate | Commercial & industrial | Gas station & car wash | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	6,244	3,690
Legacy | Real estate | Commercial & industrial | Gas station & car wash | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Mixed use
Financing Receivable, Recorded Investment [Line Items]
Loans	402,075	376,779
Legacy | Real estate | Commercial & industrial | Mixed use | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	400,257	375,312
Legacy | Real estate | Commercial & industrial | Mixed use | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	438	0
Legacy | Real estate | Commercial & industrial | Mixed use | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	1,380	1,467
Legacy | Real estate | Commercial & industrial | Mixed use | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Industrial & warehouse
Financing Receivable, Recorded Investment [Line Items]
Loans	601,727	522,103
Legacy | Real estate | Commercial & industrial | Industrial & warehouse | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	570,413	478,528
Legacy | Real estate | Commercial & industrial | Industrial & warehouse | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	21,390	29,830
Legacy | Real estate | Commercial & industrial | Industrial & warehouse | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	9,924	13,745
Legacy | Real estate | Commercial & industrial | Industrial & warehouse | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Other
Financing Receivable, Recorded Investment [Line Items]
Loans	1,186,995	1,032,261
Legacy | Real estate | Commercial & industrial | Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,103,423	969,024
Legacy | Real estate | Commercial & industrial | Other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	38,537	22,220
Legacy | Real estate | Commercial & industrial | Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	45,035	41,017
Legacy | Real estate | Commercial & industrial | Other | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	228,846	175,275
Legacy | Real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	212,195	159,230
Legacy | Real estate | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	13,774	14,745
Legacy | Real estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	2,877	1,300
Legacy | Real estate | Construction | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans	1,271,270	1,114,131
Legacy | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,165,079	1,032,232
Legacy | Commercial business | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	27,779	15,919
Legacy | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	76,204	65,885
Legacy | Commercial business | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	2,208	95
Legacy | Trade finance
Financing Receivable, Recorded Investment [Line Items]
Loans	110,103	81,394
Legacy | Trade finance | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	106,218	68,051
Legacy | Trade finance | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	3,738	5,673
Legacy | Trade finance | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	147	7,670
Legacy | Trade finance | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	264,725	180,694
Legacy | Consumer and other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	263,859	179,864
Legacy | Consumer and other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	4	1
Legacy | Consumer and other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	862	829
Legacy | Consumer and other | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired
Financing Receivable, Recorded Investment [Line Items]
Loans	3,296,093	3,823,423
Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	3,061,274	3,557,311
Acquired | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	98,684	116,094
Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	134,475	148,164
Acquired | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	1,660	1,854
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	2,556,242	2,809,223
Acquired | Real estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	17,634	20,495
Acquired | Real estate | Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	17,368	18,007
Acquired | Real estate | Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	266	1,809
Acquired | Real estate | Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	679
Acquired | Real estate | Residential | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Commercial & industrial | Retail
Financing Receivable, Recorded Investment [Line Items]
Loans	725,637	803,435
Acquired | Real estate | Commercial & industrial | Retail | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	695,235	772,465
Acquired | Real estate | Commercial & industrial | Retail | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	10,389	9,860
Acquired | Real estate | Commercial & industrial | Retail | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	20,013	21,110
Acquired | Real estate | Commercial & industrial | Retail | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Commercial & industrial | Hotel & motel
Financing Receivable, Recorded Investment [Line Items]
Loans	333,231	352,048
Acquired | Real estate | Commercial & industrial | Hotel & motel | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	302,653	328,396
Acquired | Real estate | Commercial & industrial | Hotel & motel | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	12,599	5,419
Acquired | Real estate | Commercial & industrial | Hotel & motel | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	17,979	18,233
Acquired | Real estate | Commercial & industrial | Hotel & motel | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Commercial & industrial | Gas station & car wash
Financing Receivable, Recorded Investment [Line Items]
Loans	255,336	269,154
Acquired | Real estate | Commercial & industrial | Gas station & car wash | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	237,757	249,379
Acquired | Real estate | Commercial & industrial | Gas station & car wash | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	8,135	8,437
Acquired | Real estate | Commercial & industrial | Gas station & car wash | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	9,444	11,338
Acquired | Real estate | Commercial & industrial | Gas station & car wash | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Commercial & industrial | Mixed use
Financing Receivable, Recorded Investment [Line Items]
Loans	124,972	134,261
Acquired | Real estate | Commercial & industrial | Mixed use | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	108,020	118,643
Acquired | Real estate | Commercial & industrial | Mixed use | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	5,942	3,105
Acquired | Real estate | Commercial & industrial | Mixed use | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	11,002	12,505
Acquired | Real estate | Commercial & industrial | Mixed use | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	8	8
Acquired | Real estate | Commercial & industrial | Industrial & warehouse
Financing Receivable, Recorded Investment [Line Items]
Loans	323,614	362,222
Acquired | Real estate | Commercial & industrial | Industrial & warehouse | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	293,708	321,040
Acquired | Real estate | Commercial & industrial | Industrial & warehouse | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	13,475	31,819
Acquired | Real estate | Commercial & industrial | Industrial & warehouse | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	16,158	9,048
Acquired | Real estate | Commercial & industrial | Industrial & warehouse | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	273	315
Acquired | Real estate | Commercial & industrial | Other
Financing Receivable, Recorded Investment [Line Items]
Loans	697,870	788,770
Acquired | Real estate | Commercial & industrial | Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	639,150	736,385
Acquired | Real estate | Commercial & industrial | Other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	38,599	23,286
Acquired | Real estate | Commercial & industrial | Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	20,121	29,099
Acquired | Real estate | Commercial & industrial | Other | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	77,948	78,838
Acquired | Real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	77,948	78,838
Acquired | Real estate | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Construction | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans	472,833	717,890
Acquired | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	432,487	649,186
Acquired | Commercial business | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	8,592	31,340
Acquired | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	31,302	37,265
Acquired | Commercial business | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	452	99
Acquired | Trade finance
Financing Receivable, Recorded Investment [Line Items]
Loans	71,297	73,534
Acquired | Trade finance | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	68,108	70,535
Acquired | Trade finance | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	0	61
Acquired | Trade finance | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	3,189	2,938
Acquired | Trade finance | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	195,721	222,776
Acquired | Consumer and other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	188,840	214,437
Acquired | Consumer and other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	687	958
Acquired | Consumer and other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	5,267	5,949
Acquired | Consumer and other | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 927	$ 1,432

XML

Loans Receivable and Allowance for Loan Losses - Loans Held For Investment - Reclassification to Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale or reclassification to held for sale	$ 5,139	$ 0	$ 14,590	$ 400
Commercial & industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale or reclassification to held for sale	2,671	0	11,370	0
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale or reclassification to held for sale	2,243	0	2,995	0
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale or reclassification to held for sale	$ 225	$ 0	$ 225	$ 400

XML

Loans Receivable and Allowance for Loan Losses - Allowance for Loans, by Portfolio Segment and Impairment Method (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 100,663		$ 140,361
Specific allowance	$ 8,950		$ 7,409
Loss coverage ratio	8.89%		5.28%
Non-impaired loans	$ 10,717,681		$ 10,404,628
General allowance	$ 71,124		$ 71,934
Loss coverage ratio	0.66%		0.69%
Total loans outstanding	$ 10,818,344		$ 10,544,989
Allowance for loan losses - Total	$ 80,074	$ 78,659	$ 79,343	$ 76,425	$ 76,856	$ 76,408
Loss coverage ratio	0.74%		0.75%
Real estate
Loans by Portfolio Segment and Impairment Method [Abstract]
Total loans outstanding	$ 8,432,395		$ 8,154,570
Real estate | Residential
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	0		3,562
Specific allowance	0		0
Non-impaired loans	60,544		54,322
General allowance	$ 171		$ 209
Loss coverage ratio	0.28%		0.38%
Total loans outstanding	$ 60,544		$ 57,884
Allowance for loan losses - Total	$ 171		$ 209
Loss coverage ratio	0.28%		0.36%
Real estate | Commercial & industrial
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 57,102		$ 93,088
Specific allowance	$ 2,163		$ 2,002
Loss coverage ratio	3.79%		2.15%
Non-impaired loans	$ 8,007,955		$ 7,749,485
General allowance	$ 49,739		$ 47,915
Loss coverage ratio	0.62%		0.62%
Total loans outstanding	$ 8,065,057		$ 7,842,573
Allowance for loan losses - Total	$ 51,902		$ 49,917
Loss coverage ratio	0.64%		0.64%
Real estate | Construction
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 1,300		$ 1,300
Specific allowance	0		0
Non-impaired loans	305,494		252,813
General allowance	$ 1,816		$ 1,621
Loss coverage ratio	0.59%		0.64%
Total loans outstanding	$ 306,794		$ 254,113
Allowance for loan losses - Total	$ 1,816		$ 1,621
Loss coverage ratio	0.59%		0.64%
Commercial business
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 36,772		$ 35,218
Specific allowance	$ 6,754		$ 4,493
Loss coverage ratio	18.37%		12.76%
Non-impaired loans	$ 1,707,331		$ 1,796,803
General allowance	$ 16,032		$ 19,054
Loss coverage ratio	0.94%		1.06%
Total loans outstanding	$ 1,744,103		$ 1,832,021
Allowance for loan losses - Total	$ 22,786		$ 23,547
Loss coverage ratio	1.31%		1.29%
Trade finance
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 4,182		$ 6,029
Specific allowance	$ 3		$ 864
Loss coverage ratio	0.07%		14.33%
Non-impaired loans	$ 177,218		$ 148,899
General allowance	$ 1,103		$ 1,033
Loss coverage ratio	0.62%		0.69%
Total loans outstanding	$ 181,400		$ 154,928
Allowance for loan losses - Total	$ 1,106		$ 1,897
Loss coverage ratio	0.61%		1.22%
Consumer and other
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 1,307		$ 1,164
Specific allowance	$ 30		$ 50
Loss coverage ratio	2.30%		4.30%
Non-impaired loans	$ 459,139		$ 402,306
General allowance	$ 2,263		$ 2,102
Loss coverage ratio	0.49%		0.52%
Total loans outstanding	$ 460,446		$ 403,470
Allowance for loan losses - Total	$ 2,293		$ 2,152
Loss coverage ratio	0.50%		0.53%
Acquired
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	$ 707		$ 186
Total loans outstanding	3,296,093		3,823,423
Acquired | Real estate
Loans by Portfolio Segment and Impairment Method [Abstract]
Total loans outstanding	2,556,242		2,809,223
Allowance for loan losses - Total	13,411	13,455	12,791	12,607	12,626	12,823
Acquired | Real estate | Residential
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	0		0
Total loans outstanding	17,634		20,495
Acquired | Real estate | Construction
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	0		0
Total loans outstanding	77,948		78,838
Acquired | Commercial business
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	451		73
Total loans outstanding	472,833		717,890
Allowance for loan losses - Total	1,291	944	117	148	154	214
Acquired | Trade finance
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	0		0
Total loans outstanding	71,297		73,534
Allowance for loan losses - Total	106	187	0	0	0	0
Acquired | Consumer and other
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	0		0
Total loans outstanding	195,721		222,776
Allowance for loan losses - Total	$ 11	$ 19	$ 36	$ 53	$ 60	$ 62

XML

Loans Receivable and Allowance for Loan Losses - Troubled Debt Restructurings on Financing Receivables (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017 USD ($) loan	Jun. 30, 2016 USD ($) loan	Jun. 30, 2017 USD ($) loan	Jun. 30, 2016 USD ($) loan	Dec. 31, 2016 USD ($) loan
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	$ 69,010,000		$ 69,010,000		$ 70,870,000
Number of modified contracts | loan	5	3	10	11
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 5,981,000	$ 113,000	$ 8,403,000	$ 13,430,000
Post-Modification	$ 5,929,000	$ 225,000	$ 7,743,000	$ 9,351,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	4	11	4	11
Balance	$ 1,652,000	$ 8,612,000	$ 1,652,000	$ 8,612,000
Specific reserves	1,100,000	69,000	1,100,000
Specific reserves for the TDRs	181,000	2,500,000		2,514
Charge offs	0	$ 30,000	131,000	$ 30,000
Specific reserves allocated to TDRs	5,600,000		5,600,000		5,300,000
Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	19,407,000		19,407,000		22,521,000
Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	36,995,000		36,995,000		33,641,000
Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	12,608,000		12,608,000		14,708,000
TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	53,290,000		53,290,000		48,874,000
TDR on accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	16,300,000		16,300,000		16,387,000
TDR on accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	30,146,000		30,146,000		23,911,000
TDR on accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	6,844,000		6,844,000		8,576,000
TDR on non-accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	15,720,000		15,720,000		21,996,000
TDR on non-accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	3,107,000		3,107,000		6,134,000
TDR on non-accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	6,849,000		6,849,000		9,730,000
TDR on non-accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	5,764,000		$ 5,764,000		6,132,000
Commercial & industrial | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured					$ 25,100,000
Number of modified contracts | loan			20		20
Real estate | Commercial & industrial | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	24,570,000		$ 24,570,000		$ 25,054,000
Real estate | Commercial & industrial | TDR on accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	16,099,000		16,099,000		16,358,000
Real estate | Commercial & industrial | TDR on accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	2,925,000		2,925,000		1,840,000
Real estate | Commercial & industrial | TDR on accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	5,546,000		5,546,000		6,856,000
Real estate | Commercial & industrial | TDR on non-accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	8,944,000		8,944,000		11,320,000
Real estate | Commercial & industrial | TDR on non-accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	1,858,000		1,858,000		4,417,000
Real estate | Commercial & industrial | TDR on non-accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	1,691,000		1,691,000		1,313,000
Real estate | Commercial & industrial | TDR on non-accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	5,395,000		5,395,000		5,590,000
Commercial business | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	23,898,000		$ 23,898,000		$ 19,165,000
Number of modified contracts | loan			20		23
Commercial business | TDR on accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	201,000		$ 201,000		$ 29,000
Commercial business | TDR on accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	22,545,000		22,545,000		17,471,000
Commercial business | TDR on accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	1,152,000		1,152,000		1,665,000
Commercial business | TDR on non-accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	6,452,000		6,452,000		8,234,000
Commercial business | TDR on non-accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	1,249,000		1,249,000		1,717,000
Commercial business | TDR on non-accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	4,834,000		4,834,000		6,130,000
Commercial business | TDR on non-accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	369,000		369,000		387,000
Trade Finance and Other | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	4,822,000		4,822,000		4,655,000
Trade Finance and Other | TDR on accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	0		0		0
Trade Finance and Other | TDR on accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	4,676,000		4,676,000		4,600,000
Trade Finance and Other | TDR on accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	146,000		146,000		55,000
Trade Finance and Other | TDR on non-accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	324,000		324,000		2,442,000
Trade Finance and Other | TDR on non-accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	0		0		0
Trade Finance and Other | TDR on non-accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	324,000		324,000		2,287,000
Trade Finance and Other | TDR on non-accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	0		0		155,000
Consumer and other | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	$ 4,800,000		$ 4,800,000		$ 4,700,000
Number of modified contracts | loan			28		19
Legacy
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	4	3	6	10
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 5,853,000	$ 113,000	$ 7,533,000	$ 13,400,000
Post-Modification	$ 5,804,000	$ 225,000	$ 7,020,000	$ 9,324,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	3	10	3	10
Balance	$ 1,642,000	$ 8,585,000	$ 1,642,000	$ 8,585,000
Legacy | Real estate
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Legacy | Real estate | Payment concession
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Balance	$ 796,000
Legacy | Real estate | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan		1
Balance		$ 489,000
Legacy | Real estate | Retail
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	1	0	1	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 660,000	$ 0	$ 660,000	$ 0
Post-Modification	$ 641,000	$ 0	$ 641,000	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	1	0	1
Balance	$ 0	$ 489,000	$ 0	$ 489,000
Legacy | Real estate | Hotel & motel
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Legacy | Real estate | Gas station & car wash
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Legacy | Real estate | Mixed use
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Legacy | Real estate | Industrial & warehouse
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Legacy | Real estate | Other
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1	0	1	0
Balance	$ 796,000	$ 0	$ 796,000	$ 0
Legacy | Commercial business
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	3	2	5	8
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 5,193,000	$ 113,000	$ 6,873,000	$ 11,201,000
Post-Modification	$ 5,163,000	$ 114,000	$ 6,379,000	$ 7,755,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	2	8	2	8
Balance	$ 846,000	$ 5,210,000	$ 846,000	$ 5,210,000
Legacy | Commercial business | Payment concession
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1	4
Balance		$ 496,000
Legacy | Commercial business | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	2	4
Balance	$ 846,000	$ 4,700,000
Legacy | Trade finance
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	1
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 2,199,000
Post-Modification	$ 0	$ 0	$ 0	$ 1,458,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	1	0	1
Balance	$ 0	$ 2,886,000	$ 0	$ 2,886,000
Legacy | Trade finance | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan		1
Balance		$ 2,900,000
Legacy | Consumer And Other Portfolio Segment [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Legacy | Consumer and other
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	1	0	1
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 111,000	$ 0	$ 111,000
Acquired
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	1	0	4	1
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 128,000	$ 0	$ 870,000	$ 30,000
Post-Modification	$ 125,000	$ 0	$ 723,000	$ 27,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1	1	1	1
Balance	$ 10,000	$ 27,000	$ 10,000	$ 27,000
Charge offs	$ 0	$ 0	$ 131,000
Acquired | Real estate
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Acquired | Real estate | Retail
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	1	0	2	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 128,000	$ 0	$ 221,000	$ 0
Post-Modification	$ 125,000	$ 0	$ 220,000	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Acquired | Real estate | Hotel & motel
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Acquired | Real estate | Gas station & car wash
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Acquired | Real estate | Mixed use
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Acquired | Real estate | Industrial & warehouse
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Acquired | Real estate | Other
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Acquired | Commercial business
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	2	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 649,000	$ 0
Post-Modification	$ 0	$ 0	$ 503,000	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1	0	1	0
Balance	$ 10,000	$ 0	$ 10,000	$ 0
Acquired | Commercial business | Payment concession
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1
Balance	$ 10,000
Acquired | Commercial business | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan		1
Acquired | Trade finance
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 0
Post-Modification	$ 0	$ 0	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0	0	0
Balance	$ 0	$ 0	$ 0	$ 0
Acquired | Consumer And Other Portfolio Segment [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	1	0	1
Balance	$ 0	$ 27,000	$ 0	$ 27,000
Acquired | Consumer And Other Portfolio Segment [Member] | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Balance		$ 27,000
Acquired | Consumer and other
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0	0	1
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0	$ 0	$ 30,000
Post-Modification	$ 0	$ 0	$ 0	$ 27,000

XML

Loans Receivable and Allowance for Loan Losses - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivables, Impaired, Troubled Debt Restructuring, Related Allowance Loans Modified During Period	$ 181,000	$ 2,500,000		$ 2,514
Positive or negative qualitative adjustment of the Loss Migration Ratio	0.50%		0.50%
Provision for loan losses	$ 2,760,000	1,200,000	$ 8,360,000	1,700,000
Commitment to lend	3,600,000		3,600,000		$ 3,200,000
Recognized provision for credit losses related to unfunded commitments	201,000	109,000	442,000	(461,000)
Charge offs	0	30,000	131,000	$ 30,000
Acquired
Financing Receivable, Allowance for Credit Losses [Line Items]
Provision for PCI loan losses	70,000		64,000
Provision for loan losses	215,000		2,100,000
Charge offs	$ 0	$ 0	$ 131,000

XML

Deposits (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Deposits Disclosure [Line Items]
Time Deposits, $250,000 or More	$ 1,580.0	$ 1,550.0
California State Treasurer
Deposits Disclosure [Line Items]
Time Deposits, $250,000 or More	300.0
Available-for-sale Securities Pledged as Collateral	342.3	371.6
Interest-bearing Domestic Deposit, Brokered	$ 814.7	$ 724.7

XML

Borrowings - Maturities of FHLB Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Extinguishment of Debt [Line Items]
Total	$ 793,400	$ 754,300
Contractual Maturities
Extinguishment of Debt [Line Items]
Due within one year	280,004
Due after one year through five years	513,399
Total	793,403
Maturity/Put Date
Extinguishment of Debt [Line Items]
Due within one year	280,004
Due after one year through five years	513,399
Total	$ 793,403

XML

Borrowings - Narrative (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Percent of assets	25.00%
Maximum borrowing capacity	$ 3,240,000,000	$ 3,380,000,000
Percent outstanding advances	100.00%
Advances from FHLB	$ 793,400,000	754,300,000
Unused funds	$ 2,440,000,000
Percent of qualifying assets	95.00%
Putable
Debt Instrument [Line Items]
Advances from FHLB	$ 20,000,000	$ 20,200,000
Weighted Average
Debt Instrument [Line Items]
FHLB advances, interest rate	1.34%	1.22%
Minimum
Debt Instrument [Line Items]
FHLB advances, interest rate	0.84%
Maximum
Debt Instrument [Line Items]
FHLB advances, interest rate	2.02%
Mortgage Loans on Real Estate
Debt Instrument [Line Items]
Pledged as collateral	$ 4,740,000,000	$ 5,530,000,000
Qualifying Loans
Debt Instrument [Line Items]
Asset balance used to determine maximum borrowing capacity from federal reserve bank	680,300,000
Securities Investment
Debt Instrument [Line Items]
Asset balance used to determine maximum borrowing capacity from federal reserve bank	5,700,000
Amount outstanding	$ 0	$ 0

XML

Subordinated Debentures - Summary of Trust Preferred Securities and Debentures (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 100,328,000	$ 99,808,000
Trust Preferred Security Amount	126,000,000
Other assets
Subordinated Borrowing [Line Items]
Investment in common trust securities	3,900,000	$ 3,900,000
Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	126,000,000
Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 100,328,000
Nara Capital Trust III
Subordinated Borrowing [Line Items]
Initial Rate	4.40%
Nara Capital Trust III | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 5,000,000
Nara Capital Trust III | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 5,155,000
Nara Statutory Trust IV
Subordinated Borrowing [Line Items]
Initial Rate	4.01%
Nara Statutory Trust IV | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 5,000,000
Nara Statutory Trust IV | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 5,155,000
Nara Statutory Trust V
Subordinated Borrowing [Line Items]
Initial Rate	4.22%
Nara Statutory Trust V | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 10,000,000
Nara Statutory Trust V | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 10,310,000
Nara Statutory Trust VI
Subordinated Borrowing [Line Items]
Initial Rate	2.90%
Nara Statutory Trust VI | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 8,000,000
Nara Statutory Trust VI | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 8,248,000
Center Capital Trust I
Subordinated Borrowing [Line Items]
Initial Rate	4.01%
Center Capital Trust I | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 18,000,000
Center Capital Trust I | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 13,731,000
Wilshire Statutory Trust III [Member]
Subordinated Borrowing [Line Items]
Initial Rate	3.06%
Wilshire Statutory Trust III [Member] | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 20,000,000
Wilshire Statutory Trust III [Member] | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 15,210,000
Wilshire Statutory Trust III [Member]
Subordinated Borrowing [Line Items]
Initial Rate	2.65%
Wilshire Statutory Trust III [Member] | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 15,000,000
Wilshire Statutory Trust III [Member] | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 10,679,000
Wilshire Statutory Trust IV [Member]
Subordinated Borrowing [Line Items]
Initial Rate	2.63%
Wilshire Statutory Trust IV [Member] | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 25,000,000
Wilshire Statutory Trust IV [Member] | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 17,343,000
Saehan Capital Trust I [Member]
Subordinated Borrowing [Line Items]
Initial Rate	2.92%
Saehan Capital Trust I [Member] | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 20,000,000
Saehan Capital Trust I [Member] | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 14,497,000

XML

Subordinated Debentures - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 126,000,000
Right to defer consecutive payments of interest, maximum term	5 years
Other assets
Subordinated Borrowing [Line Items]
Investment in common trust securities	$ 3,900,000	$ 3,900,000
Trust Preferred Securities Subject to Mandatory Redemption
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 126,000,000
Percent included in tier one capital, maximum	25.00%
Excess of percent threshold included in tier two capital	25.00%

XML

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability, Notional Amount	$ 274,049	$ 223,098
Derivative, Average Remaining Maturity	7 years 7 months 30 days	7 years 5 months
Interest Rate Lock Commitments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 24,533	$ 23,749
Derivative Asset, Notional Amount	4,207	11,168
Derivative Liability, Notional Amount	2,732	1,810
Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	$ 274,049	$ 223,098
Individual Counterparty [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fixed Interest Rate	4.34%	4.29%
Derivative, Variable Interest Rate	3.44%	3.06%
Derivative, Fair Value, Net	$ (216)	$ (1,565)
Corporation [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fixed Interest Rate	4.34%	4.29%
Derivative, Variable Interest Rate	3.44%	3.06%
Derivative, Fair Value, Net	$ 216	$ 1,565
Short [Member] | Forward Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	6,939	12,978
Derivative Asset, Notional Amount	6,143	3,223
Derivative Liability, Notional Amount	$ 796	$ 9,755

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Derivative Financial Instruments - Summary of Derivative Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 274,049	$ 223,098
Interest Rate Lock Commitments [Member]
Derivative [Line Items]
Derivative, Notional Amount	24,533	23,749
Derivative Asset, Notional Amount	4,207	11,168
Derivative Asset, Fair Value	31	130
Derivative Liability, Notional Amount	2,732	1,810
Derivative Liability, Fair Value	(7)	(3)
Forward Contracts [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount	6,939	12,978
Derivative Asset, Notional Amount	6,143	3,223
Derivative Asset, Fair Value	19	17
Derivative Liability, Notional Amount	796	9,755
Derivative Liability, Fair Value	$ (2)	$ (38)

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Commitments and contingencies (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Supply Commitment [Line Items]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 52,124	$ 51,059
Loss Contingency Accrual	472	557
Interest Rate Lock Commitments [Member]
Supply Commitment [Line Items]
Derivative, Notional Amount	24,533	23,749
Short [Member] | Forward Contracts [Member]
Supply Commitment [Line Items]
Derivative, Notional Amount	6,939	12,978
Commitments to Extend Credit [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed	1,567,393	1,592,221
Standby Letters of Credit [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed	75,941	63,753
Letter of Credit [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed	67,202	52,125
Low Income Housing Tax Credit [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed	$ 43,929	$ 24,409

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Goodwill, Intangible Assets, and Servicing Assets - Intangible Assets (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Jul. 29, 2016
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 464,450,000		$ 462,997,000		$ 464,450,000
Goodwill impairment	0				0
Gross Carrying Amount	25,604,000				25,604,000
Accumulated Amortization	(7,730,000)				(7,730,000)
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization expense related to core deposit intangible qssets	676,000			$ 212,000	$ 1,400,000	$ 425,000
Center Financial Corporation | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization period					7 years
Gross Carrying Amount	4,100,000				$ 4,100,000
Accumulated Amortization	(3,825,000)				$ (3,825,000)
Pacific International Bancorp, Inc. | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization period					7 years
Gross Carrying Amount	603,000				$ 603,000
Accumulated Amortization	(500,000)				$ (500,000)
Foster Bankshares Inc | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization period					10 years
Gross Carrying Amount	2,763,000				$ 2,763,000
Accumulated Amortization	(1,490,000)				(1,490,000)
Wilshire Bancorp, Inc
Finite-Lived Intangible Assets [Line Items]
Goodwill	359,000,000				$ 359,000,000		$ 359,050,000
Goodwill, acquired during period	359,000,000
Goodwill, Purchase Accounting Adjustments	475,000	$ (978,000)	(1,400,000)
Goodwill, Period Increase (Decrease)		$ 978,000	$ (1,400,000)
Wilshire Bancorp, Inc | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization period					10 years
Gross Carrying Amount	18,138,000				$ 18,138,000
Accumulated Amortization	$ (1,915,000)				$ (1,915,000)

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Goodwill, Intangible Assets, and Servicing Assets - Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	$ 25,941	$ 11,856	$ 26,457	$ 12,000	$ 12,000
Additions through originations of servicing assets	1,316	1,309	2,612	2,087
Amortization	(1,919)	(972)	(3,731)	(1,894)
Balance at end of period	25,338	$ 12,193	$ 25,338	$ 12,193	$ 26,457
SBA Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate			10.13%		9.85%
SBA Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Prepayment Speed			8.20%		8.05%
Mortgage Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate			9.63%		7.25%
Mortgage Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Prepayment Speed			9.13%		13.77%
Servicing Liability at Amortized Cost, Balance	$ 1,500,000		$ 1,500,000		$ 1,550,000

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Income Taxes Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Income Tax Examination [Line Items]
Income tax provision	$ 25,451,000	$ 16,833,000	$ 48,450,000	$ 33,043,000
Pretax income	$ 66,138,000	$ 40,223,000	$ 125,347,000	$ 80,056,000
Effective income tax rate	38.48%	41.85%	38.65%	41.28%
Unrecognized tax benefits	$ 2,100,000		$ 2,100,000		$ 2,200,000
Interest accrued	319,000		319,000		306,000
Penalties accrued	0		0		$ 0
Decrease in unrecognized tax benefits is reasonably possible	1,000,000		1,000,000
Series of Individually Immaterial Business Acquisitions [Member]
Income Tax Examination [Line Items]
Interest accrued	$ 67,000		$ 67,000

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Income Taxes Effective Income Tax Reconciliation (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Statutory tax rate	35.00%	35.00%	35.00%	35.00%
State taxes-net of federal tax effect	7.16%	7.27%	7.16%	7.27%
Affordable housing partnership investment tax credit	(3.15%)	(1.30%)	(3.15%)	(1.30%)
Bank owned life insurance	(0.16%)	(0.24%)	(0.16%)	(0.24%)
Municipal securities	(0.25%)	(0.21%)	(0.25%)	(0.21%)
Nondeductible transaction costs	0.08%	0.52%	0.08%	0.52%
Other	(0.20%)	0.81%	(0.03%)	0.24%
Effective income tax rate	38.48%	41.85%	38.65%	41.28%

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Fair Value Measurements - Assets and Liabilities Measured at Fair Value, Recurring (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Assets:
Securities available for sale, at fair value	$ 1,680,382,000	$ 1,680,382,000	$ 1,556,740,000
Reclassification adjustments for gains realized in income	0	0
Collateralized mortgage obligations (residential)
Assets:
Securities available for sale, at fair value	783,594,000	783,594,000	705,667,000
Mortgage-backed securities (residential)
Assets:
Securities available for sale, at fair value	771,543,000	771,543,000	728,041,000
Municipal securities
Assets:
Securities available for sale, at fair value	97,512,000	97,512,000	86,839,000
Mutual funds
Assets:
Securities available for sale, at fair value	13,132,000	13,132,000	13,058,000
Recurring basis | Debt securities
Assets:
Securities available for sale, at fair value	9,995,000	9,995,000	12,008,000
Recurring basis | Collateralized mortgage obligations (residential)
Assets:
Securities available for sale, at fair value	783,594,000	783,594,000	705,667,000
Recurring basis | Mortgage-backed securities (residential)
Assets:
Securities available for sale, at fair value	771,543,000	771,543,000	728,041,000
Recurring basis | Trust preferred securities
Assets:
Securities available for sale, at fair value	4,606,000	4,606,000	11,127,000
Recurring basis | Municipal securities
Assets:
Securities available for sale, at fair value	97,512,000	97,512,000	86,839,000
Recurring basis | Mutual funds
Assets:
Securities available for sale, at fair value	13,132,000	13,132,000	13,058,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Derivative Asset	0	0	0
Mortgage Banking Derivative Assets, at Fair Value	0	0	0
Mortgage Banking Derivative Liabilities, at Fair Value	0	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Debt securities
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized mortgage obligations (residential)
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities (residential)
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Trust preferred securities
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal securities
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mutual funds
Assets:
Securities available for sale, at fair value	13,132,000	13,132,000	13,058,000
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
Derivative Asset	(216,000)	(216,000)	(1,565,000)
Mortgage Banking Derivative Assets, at Fair Value	50,000	50,000	147,000
Mortgage Banking Derivative Liabilities, at Fair Value	9,000	9,000	41,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Debt securities
Assets:
Securities available for sale, at fair value	9,995,000	9,995,000	12,008,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations (residential)
Assets:
Securities available for sale, at fair value	783,594,000	783,594,000	705,667,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities (residential)
Assets:
Securities available for sale, at fair value	771,543,000	771,543,000	728,041,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Trust preferred securities
Assets:
Securities available for sale, at fair value	4,606,000	4,606,000	11,127,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Municipal securities
Assets:
Securities available for sale, at fair value	96,385,000	96,385,000	85,700,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Mutual funds
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Significant Unobservable Inputs (Level 3)
Assets:
Derivative Asset	0	0	0
Mortgage Banking Derivative Assets, at Fair Value	0	0	0
Mortgage Banking Derivative Liabilities, at Fair Value	0	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Debt securities
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Collateralized mortgage obligations (residential)
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities (residential)
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Trust preferred securities
Assets:
Securities available for sale, at fair value	0	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Municipal securities
Assets:
Securities available for sale, at fair value	1,127,000	1,127,000	1,139,000
Recurring basis | Significant Unobservable Inputs (Level 3) | Mutual funds
Assets:
Securities available for sale, at fair value	0	0	0
Estimate of Fair Value Measurement [Member] | Recurring basis
Assets:
Derivative Asset	(216,000)	(216,000)	(1,565,000)
Mortgage Banking Derivative Assets, at Fair Value	50,000	50,000	147,000
Mortgage Banking Derivative Liabilities, at Fair Value	$ 9,000	$ 9,000	$ 41,000

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Fair Value Measurements - Summary of Derivative Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 274,049	$ 223,098
Interest Rate Lock Commitments [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	4,207	11,168
Derivative Asset, Fair Value	31	130
Derivative Liability, Notional Amount	2,732	1,810
Derivative Liability, Fair Value	(7)	(3)
Short [Member] | Forward Contracts [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	6,143	3,223
Derivative Asset, Fair Value	19	17
Derivative Liability, Notional Amount	796	9,755
Derivative Liability, Fair Value	$ (2)	$ (38)

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Fair Value Measurements - Rollforward of Level 3 Assets (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Servicing Asset at Amortized Cost, Period Increase (Decrease)		$ 0
Municipal securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 1,128,000		$ 1,209,000	$ 1,139,000	$ 1,166,000
Total (losses) gains included in other comprehensive income	(1,000)		25,000	(12,000)	68,000
Ending Balance	$ 1,127,000	$ 1,139,000	$ 1,234,000	$ 1,127,000	$ 1,234,000

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Fair Value Measurements - Assets Measured at Fair Value, Non-Recurring (Details) - Non-recurring basis - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Impaired loans at fair value - Real estate loans
Assets:
Assets	$ 11,764	$ 58,882
Impaired loans at fair value - Commercial business
Assets:
Assets	6,152	6,563
Impaired loans at fair value - Consumer
Assets:
Assets		253
Loans held for sale, net
Assets:
Assets	773	3,788
OREO
Assets:
Assets	12,231	21,990
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans at fair value - Real estate loans
Assets:
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans at fair value - Commercial business
Assets:
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans at fair value - Consumer
Assets:
Assets		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Loans held for sale, net
Assets:
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | OREO
Assets:
Assets	0	0
Significant Other Observable Inputs (Level 2) | Impaired loans at fair value - Real estate loans
Assets:
Assets	0	0
Significant Other Observable Inputs (Level 2) | Impaired loans at fair value - Commercial business
Assets:
Assets	0	0
Significant Other Observable Inputs (Level 2) | Impaired loans at fair value - Consumer
Assets:
Assets		0
Significant Other Observable Inputs (Level 2) | Loans held for sale, net
Assets:
Assets	773	3,788
Significant Other Observable Inputs (Level 2) | OREO
Assets:
Assets	0	0
Significant Unobservable Inputs (Level 3) | Impaired loans at fair value - Real estate loans
Assets:
Assets	11,764	58,882
Significant Unobservable Inputs (Level 3) | Impaired loans at fair value - Commercial business
Assets:
Assets	6,152	6,563
Significant Unobservable Inputs (Level 3) | Impaired loans at fair value - Consumer
Assets:
Assets		253
Significant Unobservable Inputs (Level 3) | Loans held for sale, net
Assets:
Assets	0	0
Significant Unobservable Inputs (Level 3) | OREO
Assets:
Assets	$ 12,231	$ 21,990

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Fair Value Measurements - Total Net Gains Losses on Assets Measured at Fair Value on a Non-Recurring Basis (Details) - Non-recurring basis - Change during period - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Impaired loans at fair value - Real estate loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	$ (433)	$ (58)	$ (2,435)	$ 251
Impaired loans at fair value - Commercial business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	(4,027)	(176)	(5,001)	(2,848)
Impaired loans at fair value - Trade finance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	(527)	(215)	(1,239)	1,081
Impaired loans at fair value - Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	(229)	(32)	(495)	(94)
Loans held for sale, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	353	43	772	43
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	$ (733)	$ (668)	$ (1,328)	$ (1,245)

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Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Carrying Amount
Financial Assets:
FHLB stock	$ 22,351	$ 21,964
Level 1 | Carrying Amount
Financial Assets:
Cash and cash equivalents	446,415	437,334
Level 1 | Estimated Fair Value
Financial Assets:
Cash and cash equivalents	446,415	437,334
Level 2 | Carrying Amount
Financial Assets:
Loans held for sale	16,927	22,785
Customers' liabilities on acceptances	1,669	2,899
Financial Liabilities:
Noninterest-bearing deposits	3,016,538	2,900,241
Saving and other interest bearing demand deposits	3,838,676	3,703,352
Time deposits	4,099,887	4,038,442
FHLB advances	793,403	754,290
Subordinated debentures	100,328	99,808
Accrued interest payable	11,855	10,863
Bank's liabilities on acceptances outstanding	1,669	2,899
Level 2 | Estimated Fair Value
Financial Assets:
Loans held for sale	17,861	24,492
Customers' liabilities on acceptances	1,669	2,899
Financial Liabilities:
Noninterest-bearing deposits	3,016,538	2,900,241
Saving and other interest bearing demand deposits	3,838,676	3,703,352
Time deposits	4,094,549	4,036,664
FHLB advances	789,347	749,486
Subordinated debentures	100,328	99,808
Accrued interest payable	11,855	10,863
Bank's liabilities on acceptances outstanding	1,669	2,899
Level 2/3 | Carrying Amount
Financial Assets:
Accrued interest receivable	25,640	26,880
Level 2/3 | Estimated Fair Value
Financial Assets:
Accrued interest receivable	25,640	26,880
Level 3 | Carrying Amount
Financial Assets:
Loans receivable - net	10,736,345	10,463,989
Financial Liabilities:
Servicing Assets, Fair Value Disclosure	25,338	26,457
Level 3 | Estimated Fair Value
Financial Assets:
Loans receivable - net	10,833,880	10,666,642
Financial Liabilities:
Servicing Assets, Fair Value Disclosure	25,338	26,457
Other Investments [Member] | Level 2 | Carrying Amount
Financial Assets:
Interest bearing deposits in other financial institutions and other investments		44,202
Other Investments [Member] | Level 2/3 | Carrying Amount
Financial Assets:
Interest bearing deposits in other financial institutions and other investments	43,962
Other Investments [Member] | Level 2/3 | Estimated Fair Value
Financial Assets:
Interest bearing deposits in other financial institutions and other investments	$ 43,238	$ 43,773

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Stockholders' Equity - Discussion of Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 29, 2016	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Total stockholders’ equity		$ 1,906,294	$ 1,855,473	$ 971,740	$ 938,095
Wilshire Bancorp, Inc
Business Acquisition [Line Items]
Entity shares Issued per acquiree share	0.7034
Stock issued for acquisitions	55,500,000
Share price	$ 15.37
Hope common stock issued in exchange for Wilshire common stock	$ 852,939
Hope stock options issued in exchange Wilshire stock options	$ 3,370

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Stockholders' Equity - Discussion of Warrants (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	May 20, 2015	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Class of Warrant or Right [Line Items]
Dividends paid (in dollars per share)		$ 0.12	$ 0.11	$ 0.24	$ 0.22
Common Stock
Class of Warrant or Right [Line Items]
Potential repurchase	350,767
Redemption of common stock warrant	$ 1.2
Maximum number of shares callable by warrants		20,087		20,087

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Stockholders' Equity - Stockholders’ Equity (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Stockholders’ Equity and Regulatory Matters [Abstract]
Beginning balance	$ (12,849,000)	$ 7,155,000	$ (14,657,000)	$ (1,832,000)
Unrealized gains on securities available for sale and interest only strips	4,776,000	6,603,000	7,908,000	22,195,000
Less tax effect	2,016,000	2,784,000	3,340,000	9,389,000
Total other comprehensive income	2,760,000	3,819,000	4,568,000	12,806,000
Ending balance	(10,089,000)	$ 10,974,000	(10,089,000)	$ 10,974,000
Reclassifications out of accumulated other comprehensive (loss) income	$ 0		$ 0

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Regulatory Matters (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Company
Total capital (to risk-weighted assets), Amount
Total Capital, Actual	$ 1,619,043	$ 1,578,690
Total Capital, Required For Capital Adequacy Purposes	945,169	926,076
Required for Capital Adequacy with Capital Buffer	1,092,851	998,425
Tier I capital (to risk-weighted assets), Amount
Tier I Capital, Actual (Risk Based)	1,535,333	1,496,153
Tier I Capital, Required For Capital Adequacy Purposes	708,876	694,557
Tier 1 Capital, Required for Capital Adequacy with Capital Buffer	856,559	766,906
Tier I capital (to average assets), Amount
Tier I Capital, Actual (Leverage)	1,535,333	1,496,153
Tier I Capital, Required For Capital Adequacy Purposes	$ 520,617	$ 520,947
Total capital and Tier I capital (to risk-weighted assets), Ratio
Total Capital (to Risk Weighted Assets), Actual	13.70%	13.64%
Total Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes	8.00%	8.00%
Total Capital (to Risk Weighted assets), Minimum Required for Capital Adequacy with Capital Buffer	9.25%	8.625%
Tier I Capital (to Risk Weighted Assets), Actual (Risk Based)	13.00%	12.92%
Tier I Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes (Risk Based)	6.00%	6.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum Required for Capital Adequacy with Capital Buffer	7.25%	6.625%
Tier I capital (to average assets), Ratio
Tier I Capital (to Average Assets), Actual (Leverage)	11.80%	11.49%
Tier I Capital (to Average Assets), Minimum For Capital Adequacy Purposes (Leverage)	4.00%	4.00%
Bank
Total capital (to risk-weighted assets), Amount
Total Capital, Actual	$ 1,598,707	$ 1,557,765
Total Capital, Required For Capital Adequacy Purposes	944,668	925,566
Required for Capital Adequacy with Capital Buffer	1,092,273	997,876
Required To Be Well Capitalized under Prompt Corrective Action Provisions	1,180,835	1,156,957
Tier I capital (to risk-weighted assets), Amount
Tier I Capital, Actual (Risk Based)	1,514,997	1,475,228
Tier I Capital, Required For Capital Adequacy Purposes	708,501	694,174
Tier 1 Capital, Required for Capital Adequacy with Capital Buffer	678,980	766,484
Tier I Capital, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Risk Based)	944,668	925,566
Tier I capital (to average assets), Amount
Tier I Capital, Actual (Leverage)	1,514,997	1,475,228
Tier I Capital, Required For Capital Adequacy Purposes	520,527	520,903
Tier I Capital, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Leverage)	$ 650,659	$ 651,129
Total capital and Tier I capital (to risk-weighted assets), Ratio
Total Capital (to Risk Weighted Assets), Actual	13.54%	13.46%
Total Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes	8.00%	8.00%
Total Capital (to Risk Weighted assets), Minimum Required for Capital Adequacy with Capital Buffer	9.25%	8.625%
Total Capital (to Risk Weighted Assets), Minimum to be Well Capitalized Under Prompt Corrective Action Provisions	10.00%	10.00%
Tier I Capital (to Risk Weighted Assets), Actual (Risk Based)	12.83%	12.75%
Tier I Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes (Risk Based)	6.00%	6.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum Required for Capital Adequacy with Capital Buffer	7.25%	6.625%
Tier I Capital (to Risk Weighted Assets), Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Risk Based)	8.00%	8.00%
Tier I capital (to average assets), Ratio
Tier I Capital (to Average Assets), Actual (Leverage)	11.64%	11.33%
Tier I Capital (to Average Assets), Minimum For Capital Adequacy Purposes (Leverage)	4.00%	4.00%
Tier I Capital (to Average Assets), Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Leverage)	5.00%	5.00%
Common Equity Tier 1 [Member] | Company
Tier I capital (to risk-weighted assets), Amount
Tier I Capital, Actual (Risk Based)	$ 1,438,907	$ 1,400,246
Tier I Capital, Required For Capital Adequacy Purposes	531,657	520,917
Tier 1 Capital, Required for Capital Adequacy with Capital Buffer	$ 679,340	$ 593,267
Total capital and Tier I capital (to risk-weighted assets), Ratio
Tier I Capital (to Risk Weighted Assets), Actual (Risk Based)	12.18%	12.10%
Tier I Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes (Risk Based)	4.50%	4.50%
Tier 1 Capital (to Risk Weighted Assets), Minimum Required for Capital Adequacy with Capital Buffer	5.75%	5.125%
Common Equity Tier 1 [Member] | Bank
Tier I capital (to risk-weighted assets), Amount
Tier I Capital, Actual (Risk Based)	$ 1,514,997	$ 1,475,228
Tier I Capital, Required For Capital Adequacy Purposes	531,376	520,631
Tier 1 Capital, Required for Capital Adequacy with Capital Buffer	678,980	592,941
Tier I Capital, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Risk Based)	$ 767,543	$ 752,022
Total capital and Tier I capital (to risk-weighted assets), Ratio
Tier I Capital (to Risk Weighted Assets), Actual (Risk Based)	12.83%	12.75%
Tier I Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes (Risk Based)	4.50%	4.50%
Tier 1 Capital (to Risk Weighted Assets), Minimum Required for Capital Adequacy with Capital Buffer	5.75%	5.125%
Tier I Capital (to Risk Weighted Assets), Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Risk Based)	6.50%	6.50%