Acquisitions Acquisitions Tables

6 Months Ended

Jun. 30, 2014

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following assets acquired and liabilities assumed of CapitalSource Inc. and FCAL are presented at estimated fair value as of their respective acquisition dates:



	Acquisition and Date Acquired
	CapitalSource Inc.		First California Financial Group
	April 7, 2014		May 31, 2013
	(In thousands)
Assets Acquired:
Cash and due from banks	$	768,553	$	6,124
Interest‑earning deposits in financial institutions	60,612		266,889
Investment securities available‑for‑sale	383,723		4,444
FHLB SF stock	46,060		9,518
Loans and leases	6,886,035		1,049,613
Equipment leased to others under operating leases	160,015		—
Premises and equipment	12,663		15,322
Foreclosed assets	6,382		13,772
FDIC loss sharing asset	—		17,241
Income tax assets	300,310		33,360
Goodwill	1,523,055		129,070
Core deposit and customer relationship intangibles	6,720		7,927
Other assets	580,499		27,576
Total assets acquired	$	10,734,627	$	1,580,856
Liabilities Assumed:
Noninterest‑bearing deposits	$	4,631	$	361,166
Interest‑bearing deposits	6,236,419		739,713
Other borrowings	992,109		—
Subordinated debentures	300,918		24,061
Discontinued operations	—		184,619
Accrued interest payable and other liabilities	123,362		19,729
Total liabilities assumed	$	7,657,439	$	1,329,288
Total consideration paid	$	3,077,188	$	251,568
Summary of consideration:
Cash paid	$	483,118	$	—
PacWest common stock issued	2,594,070		242,268
Cancellation of FCAL common stock owned by PacWest (at acquisition date fair value)	—		9,300
Total	$	3,077,188	$	251,568

Business Acquisition, Pro Forma Information [Table Text Block]

No assumptions have been applied to the pro forma results of operations regarding possible revenue enhancements, expense efficiencies or asset dispositions.



	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(Dollars in thousands, except per share data)
Pro forma revenues (net interest income plus noninterest income)	$	200,371	$	194,344	$	407,107	$	402,659
Pro forma net earnings from continuing operations	$	60,899	$	46,972	$	124,502	$	100,789
Pro forma net earnings from continuing operations per share:
Basic	$	0.59	$	0.45	$	1.23	$	0.97
Diluted	$	0.59	$	0.45	$	1.23	$	0.97