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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 164,757us-gaap_CashAndDueFromBanks $ 96,424us-gaap_CashAndDueFromBanks
Interest-earning deposits in financial institutions 148,469us-gaap_InterestBearingDepositsInBanks 50,998us-gaap_InterestBearingDepositsInBanks
Total cash and cash equivalents 313,226us-gaap_Cash 147,422us-gaap_Cash
Securities available-for-sale, at fair value 1,567,177pacw_SecuritiesAvailableForSaleIncludingCoveredSecurities 1,494,745pacw_SecuritiesAvailableForSaleIncludingCoveredSecurities
Federal Home Loan Bank stock, at cost 40,609us-gaap_FederalHomeLoanBankStock 27,939us-gaap_FederalHomeLoanBankStock
Total investment securities 1,607,786us-gaap_Investments 1,522,684us-gaap_Investments
Gross loans and leases 11,904,684pacw_LoansandLeasesReceivableGrossCarryingAmountCoveredAndNoncovered 4,313,335pacw_LoansandLeasesReceivableGrossCarryingAmountCoveredAndNoncovered
Deferred fees and costs 22,252us-gaap_LoansAndLeasesReceivableDeferredIncome 983us-gaap_LoansAndLeasesReceivableDeferredIncome
Allowance for loan and lease losses (84,455)pacw_LoansandLeasesReceivableAllowanceCoveredAndNoncovered (82,034)pacw_LoansandLeasesReceivableAllowanceCoveredAndNoncovered
Total loans and leases, net 11,797,977us-gaap_LoansAndLeasesReceivableNetReportedAmountCoveredAndNotCovered 4,230,318us-gaap_LoansAndLeasesReceivableNetReportedAmountCoveredAndNotCovered
Equipment leased to others under operating leases 122,506pacw_EquipmentLeasedToOthersUnderOperatingLeases 0pacw_EquipmentLeasedToOthersUnderOperatingLeases
Premises and equipment, net 36,551us-gaap_PropertyPlantAndEquipmentNet 32,435us-gaap_PropertyPlantAndEquipmentNet
Foreclosed assets, net 43,721pacw_OtherRealEstateOwnedNetCoveredandNoncoveredincludingForeclosedAssets [1] 55,891pacw_OtherRealEstateOwnedNetCoveredandNoncoveredincludingForeclosedAssets [1]
Goodwill 1,720,479us-gaap_Goodwill [2] 208,743us-gaap_Goodwill [2]
Core deposit and customer relationship intangibles, net 17,204pacw_FiniteLivedCoreDepositsCustomerRelationsNet 17,248pacw_FiniteLivedCoreDepositsCustomerRelationsNet
FDIC loss sharing asset 18,734us-gaap_FDICIndemnificationAsset 45,524us-gaap_FDICIndemnificationAsset
Deferred tax asset, net 284,411us-gaap_DeferredTaxAssetsLiabilitiesNet 79,636us-gaap_DeferredTaxAssetsLiabilitiesNet
Other assets 272,205us-gaap_OtherAssets 193,462us-gaap_OtherAssets
Total assets 16,234,800us-gaap_Assets 6,533,363us-gaap_Assets
LIABILITIES:    
Noninterest-bearing deposits 2,931,352us-gaap_NoninterestBearingDepositLiabilities 2,318,446us-gaap_NoninterestBearingDepositLiabilities
Interest-bearing deposits 8,823,776us-gaap_InterestBearingDepositLiabilities 2,962,541us-gaap_InterestBearingDepositLiabilities
Total deposits 11,755,128us-gaap_Deposits [3] 5,280,987us-gaap_Deposits [3]
Borrowings 383,402us-gaap_LongTermDebt 113,726us-gaap_LongTermDebt
Subordinated debentures 433,583us-gaap_SubordinatedDebt 132,645us-gaap_SubordinatedDebt
Accrued interest payable and other liabilities 156,262us-gaap_AccruedLiabilitiesAndOtherLiabilities 196,912us-gaap_AccruedLiabilitiesAndOtherLiabilities
Total liabilities 12,728,375us-gaap_Liabilities 5,724,270us-gaap_Liabilities
Commitments and contingencies 0us-gaap_CommitmentsAndContingencies 0us-gaap_CommitmentsAndContingencies
STOCKHOLDERS' EQUITY:    
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued and outstanding) 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock ($0.01 par value, 200,000,000 and 75,000,000 shares authorized at December 31, 2014 and 2013; 104,219,197 and 46,526,124 shares issued, respectively, includes 1,108,505 and 1,216,524 shares of unvested restricted stock, respectively) 1,042us-gaap_CommonStockValue 465us-gaap_CommonStockValue
Additional paid-in capital 3,807,167us-gaap_AdditionalPaidInCapital 1,286,737us-gaap_AdditionalPaidInCapital
Accumulated deficit (285,517)us-gaap_RetainedEarningsAccumulatedDeficit (454,422)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost (1,197,180 and 703,290 shares at December 31, 2014 and 2013) (42,647)us-gaap_TreasuryStockValue (20,340)us-gaap_TreasuryStockValue
Accumulated other comprehensive income, net 26,380us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (3,347)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity 3,506,425us-gaap_StockholdersEquity 809,093us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 16,234,800us-gaap_LiabilitiesAndStockholdersEquity $ 6,533,363us-gaap_LiabilitiesAndStockholdersEquity
[1] (1)As of December 31, 2014 and 2013, the amounts of covered foreclosed assets were $9.3 million and $9.0 million.
[2] (1)The increase in the goodwill for the Community Banking segment and National Lending segment during 2014 was due primarily to $1.5 billion from the CapitalSource merger.
[3] (2)The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank.