Stockholders' Equity

6 Months Ended

Jun. 30, 2014

Stockholders’ Equity and Regulatory Matters [Abstract]

Stockholders’ Equity

Stockholders’ Equity

In June 2012, the Company redeemed all of the Fixed Rate Cumulative Perpetual Preferred Stock issued under the U.S. Treasury Department's TARP Capital Purchase Program. As of June 30, 2014, a warrant held by the U.S. Treasury Department for the purchase of 343,666 shares of the Company's common stock remains outstanding.

In conjunction with the acquisition of PIB, the Company assumed a warrant (related to the TARP Capital Purchase Plan) to purchase shares of its common stock. At the acquisition date, the warrants were canceled and converted into a warrant to purchase BBCN Bancorp common stock which expires on December 12, 2018. As of June 30, 2014, the U.S. Treasury Department held the warrant for the purchase of 18,482 shares of the Company's common stock.

The Company's Board of Directors declared quarterly dividends of $0.075 per common share for the second quarter of 2014 and $0.075 per common share for the second quarter of 2013.

The following table presents the components of accumulated other comprehensive loss at June 30, 2014 and December 31, 2013:

	June 30, 2014		December 31, 2013
	(In thousands)
Net unrealized loss on securities available for sale	$	85	$	(10,264	)
Net unrealized gain on interest-only strips	77		79
Total accumulated other comprehensive loss	$	162	$	(10,185	)