BUSINESS COMBINATIONS AND BRANCH SALES (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Acquired Assets and Assumed Liabilities Along with Summary of Acquisition Consideration as of Dates of Acquisition

The following table presents a summary of acquired assets and assumed liabilities along with a summary of the acquisition consideration as of the dates of acquisition:

	Acquisition and Date Acquired
	Renovation				The Palisades		Private Bank
	Ready		CS Financial		Group, LLC		of California
	January 31,		October 31,		September 10,		July 1,
	2014		2013		2013		2013
	($ in thousands)
Assets acquired:
Cash and due from banks	$	—	$	482	$	900	$	33,752
Interest-bearing deposits		—		—		5		—
Federal funds sold		—		—		—		—
Securities available for sale		—		—		—		219,298
Loans held for sale		—		4,982		—		—
Loans and leases receivable		—		—		—		385,256
Federal Home Loan Bank and other bank stock, at cost		—		—		—		—
Servicing rights		—		—		—		—
Premises, equipment, and capital leases		—		1,050		—		1,501
Income tax receivable		—		—		—		682
Goodwill		3,000		8,057		—		14,763
Other intangible assets		—		—		—		10,400
Other assets		—		621		364		6,578
Total assets acquired	$	3,000	$	15,192	$	1,269	$	672,230
Liabilities assumed:
Deposits	$	—	$	—	$	—	$	561,689
Advances from Federal Home Loan Bank		—		—		—		41,833
Other liabilities		1,000		7,270		1,219		2,481
Total liabilities assumed	$	1,000	$	7,270	$	1,219	$	606,003
SBLF preferred stock assumed	$	—	$	—	$	—	$	10,000
Total consideration paid	$	2,000	$	7,922	$	50	$	56,227
Summary of consideration
Cash paid	$	1,000	$	1,500	$	50	$	27,915
Common stock issued	$	1,000	$	1,964	$	—	$	28,282
Replacement awards	$	—	$	—	$	—	$	30
Stock warrants issued	$	—	$	—	$	—	$	—
Noninterest-bearing note	$	—	$	3,150	$	—	$	—
Performance based equity	$	—	$	1,308	$	—	$	—
Earn-out liabilities	$	1,000	$	—	$	—	$	—

Beach and Gateway

Unaudited Proforma Information

The following table presents unaudited pro forma information as if the acquisitions of PBOC, Palisades and CS Financial had occurred on January 1, 2013 after giving effect to certain adjustments. The unaudited pro forma information for the three months ended March 31, 2013 includes adjustments for interest income on loans and securities acquired, amortization of intangibles arising from the transaction, interest expense on deposits and borrowings acquired, and the related income tax effects.

	Three months ended
	March 31,
	2014 (Actual)			2013
	(In thousands, except per share data)
Net interest income	$	35,185		$	20,527
Provision for loan and lease losses		1,929			2,517
Noninterest income		25,278			24,610
Noninterest expense		57,768			39,425
Income (loss) before income taxes		766			3,195
Income tax expense (benefit)		9			1,318
Net income (loss)	$	757		$	1,877
Basic earnings (loss) per common share	$	(0.01	)	$	0.11
Diluted earnings (loss) per common share	$	(0.01	)	$	0.11