Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Acquisitions

Schedule of contractual amounts due, expected cash flows to be collected, interest component and fair value as of the respective acquisition dates

	Acquired Loans
	(dollars in thousands)
Contractual amounts due	$	79,358
Cash flows not expected to be collected	—
Expected cash flows	79,358
Interest component of expected cash flows	10,543
Fair value of acquired loans	$	68,815

Summary of pro forma net interest and other income, net income and earnings per share

	Twelve months Ended December 31,
	2013		2012
Net interest and other income	$	72,021	$	71,606
Net income	9,852		18,713
Basic earnings per share	$	0.62	$	1.43
Diluted earnings per share	$	0.59	$	1.39

San Diego Trust Bank

Acquisitions

Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded

	SDTB Book Value			Fair Value Adjustments			Fair Value
	(dollars in thousands)
ASSETS ACQUIRED
Cash and cash equivalents	$	30,252		$	—		$	30,252
Investment securities	124,960			(155		)	124,805
Loans, gross	42,945			(223		)	42,722
Allowance for loan losses	(1,013		)	1,013			—
Other real estate owned	752			—			752
Core deposit intangible	—			2,836			2,836
Other assets	9,856			—			9,856
Total assets acquired	$	207,752		$	3,471		$	211,223
LIABILITIES ASSUMED
Deposits	$	183,901		$	6		$	183,907
Deferred tax liability (asset)	(333		)	1,507			1,174
Other liabilities	1,823			(729		)	1,094
Total liabilities assumed	185,391			784			186,175
Excess of assets acquired over liabilities assumed	$	22,361		$	2,687		25,048
Consideration paid							30,622
Goodwill recognized							$	5,574

First Association Bank

Acquisitions

Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded

	FAB Book Value			Fair Value Adjustments		Fair Value
	(dollars in thousands)
ASSETS ACQUIRED
Cash and cash equivalents	$	167,663		$	—	$	167,663
Investment securities	219,913			2,478		222,391
Loans, gross	26,264			158		26,422
Allowance for loan losses	(224		)	224		—
Core deposit intangible	—			1,930		1,930
Other assets	5,823			—		5,823
Total assets acquired	$	419,439		$	4,790	$	424,229
LIABILITIES ASSUMED
Deposits	$	356,737		$	81	$	356,818
Borrowings	16,905			—		16,905
Deferred tax liability	—			3,918		3,918
Other Liabilities	536			—		536
Total liabilities assumed	374,178			3,999		378,177
Excess of assets acquired over liabilities assumed	$	45,261		$	791	46,052
Consideration paid						57,906
Goodwill recognized						$	11,854

Palm Desert National

Acquisitions

Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded

	April 27, 2012
	(dollars in thousands)
Assets
Cash and cash equivalents	$	22,071
Securities available for sale	100
Federal Reserve Bank and Federal Home Loan Bank stock	1,390
Loans	63,772
Other real estate owned	11,533
Core deposit intangible	840
Accrued interest receivable and other assets	3,658
Total Assets Acquired	$	103,364
Liabilities
Deposits	$	115,582
Other	29
Total Liabilities Assumed	115,611
Excess of liabilities assumed over assets acquired	12,247
Cash received from FDIC	17,420
FDIC receivable	167
Recorded gain on acquisition	$	5,340

Canyon National

Acquisitions

Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded

	February 11, 2011
	(dollars in thousands)
Assets
Cash and cash equivalents	$	13,167
Securities available for sale	12,753
Federal Reserve Bank and Federal Home Loan Bank stock	1,323
Loans	149,740
Other real estate owned	11,953
Core deposit intangible	2,270
Accrued interest receivable and other assets	1,640
Total Assets Acquired	$	192,846
Liabilities
Deposits	$	204,678
Other	39
Total Liabilities Assumed	204,717
Excess of liabilities assumed over assets acquired	11,871
Cash received from FDIC	13,222
FDIC receivable	2,838
Recorded gain on acquisition	$	4,189