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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Mar. 31, 2014
Interest income:      
Loans and leases $ 202,097us-gaap_InterestAndFeeIncomeLoansAndLeases $ 197,472us-gaap_InterestAndFeeIncomeLoansAndLeases $ 77,463us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities 12,195us-gaap_InterestAndDividendIncomeSecurities 12,205us-gaap_InterestAndDividendIncomeSecurities 10,823us-gaap_InterestAndDividendIncomeSecurities
Deposits in financial institutions 22us-gaap_InterestIncomeDepositsWithFinancialInstitutions 19us-gaap_InterestIncomeDepositsWithFinancialInstitutions 74us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Total interest income 214,314us-gaap_InterestAndDividendIncomeOperating 209,696us-gaap_InterestAndDividendIncomeOperating 88,360us-gaap_InterestAndDividendIncomeOperating
Interest expense:      
Deposits 10,479us-gaap_InterestExpenseDeposits 9,972us-gaap_InterestExpenseDeposits 1,225us-gaap_InterestExpenseDeposits
Borrowings 235us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 144us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 79us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
Subordinated debentures 4,525us-gaap_InterestExpenseSubordinatedNotesAndDebentures 4,597us-gaap_InterestExpenseSubordinatedNotesAndDebentures 1,041us-gaap_InterestExpenseSubordinatedNotesAndDebentures
Total interest expense 15,239us-gaap_InterestExpense 14,713us-gaap_InterestExpense 2,345us-gaap_InterestExpense
Net interest income 199,075us-gaap_InterestIncomeExpenseNet 194,983us-gaap_InterestIncomeExpenseNet 86,015us-gaap_InterestIncomeExpenseNet
Provision (negative provision) for credit losses 16,434us-gaap_ProvisionForLoanLeaseAndOtherLosses 2,063us-gaap_ProvisionForLoanLeaseAndOtherLosses (644)us-gaap_ProvisionForLoanLeaseAndOtherLosses
Net interest income after provision (negative provision) for credit losses 182,641us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 192,920us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 86,659us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Non-interest income:      
Service charges on deposit accounts 2,574us-gaap_FeesAndCommissionsDepositorAccounts 2,787us-gaap_FeesAndCommissionsDepositorAccounts 3,002us-gaap_FeesAndCommissionsDepositorAccounts
Other commissions and fees 5,396us-gaap_FeesAndCommissionsOther 4,556us-gaap_FeesAndCommissionsOther 1,932us-gaap_FeesAndCommissionsOther
Leased equipment income 5,382us-gaap_OperatingLeasesIncomeStatementLeaseRevenue 5,382us-gaap_OperatingLeasesIncomeStatementLeaseRevenue 0us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Gain on sale of loans and leases 0us-gaap_GainLossOnSaleOfLeasedAssetsNetOperatingLeases 7us-gaap_GainLossOnSaleOfLeasedAssetsNetOperatingLeases 106us-gaap_GainLossOnSaleOfLeasedAssetsNetOperatingLeases
Gain on securities 3,275us-gaap_GainLossOnInvestments 0us-gaap_GainLossOnInvestments 4,752us-gaap_GainLossOnInvestments
FDIC loss sharing expense, net (4,399)pacw_FederalDepositInsuranceCorporationLossSharing (4,360)pacw_FederalDepositInsuranceCorporationLossSharing (11,430)pacw_FederalDepositInsuranceCorporationLossSharing
Other income 8,643us-gaap_NoninterestIncomeOtherOperatingIncome 4,331us-gaap_NoninterestIncomeOtherOperatingIncome 6,329us-gaap_NoninterestIncomeOtherOperatingIncome
Total noninterest income 20,871us-gaap_NoninterestIncome 12,703us-gaap_NoninterestIncome 4,691us-gaap_NoninterestIncome
Non-interest expense:      
Compensation 47,737us-gaap_LaborAndRelatedExpense 45,930us-gaap_LaborAndRelatedExpense 28,627us-gaap_LaborAndRelatedExpense
Occupancy 10,600us-gaap_OccupancyNet 10,745us-gaap_OccupancyNet 7,595us-gaap_OccupancyNet
Data processing 4,308us-gaap_InformationTechnologyAndDataProcessing 4,050us-gaap_InformationTechnologyAndDataProcessing 2,540us-gaap_InformationTechnologyAndDataProcessing
Other professional services 3,221us-gaap_ProfessionalFees 3,181us-gaap_ProfessionalFees 1,523us-gaap_ProfessionalFees
Insurance and assessments 3,025us-gaap_FederalDepositInsuranceCorporationPremiumExpense 3,115us-gaap_FederalDepositInsuranceCorporationPremiumExpense 1,593us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Intangible asset amortization 1,501us-gaap_AmortizationOfIntangibleAssets 1,619us-gaap_AmortizationOfIntangibleAssets 1,364us-gaap_AmortizationOfIntangibleAssets
Leased equipment depreciation 3,103pacw_LeaseEquipmentDepreciation 3,103pacw_LeaseEquipmentDepreciation 0pacw_LeaseEquipmentDepreciation
Foreclosed assets expense (income), net 336us-gaap_ForeclosedRealEstateExpense 1,938us-gaap_ForeclosedRealEstateExpense (1,861)us-gaap_ForeclosedRealEstateExpense
Acquisition, integration and reorganization costs 2,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 7,381us-gaap_BusinessCombinationAcquisitionRelatedCosts 2,200us-gaap_BusinessCombinationAcquisitionRelatedCosts
Other expense 8,529us-gaap_OtherNoninterestExpense 10,243us-gaap_OtherNoninterestExpense 6,583us-gaap_OtherNoninterestExpense
Total noninterest expense 84,360us-gaap_NoninterestExpense 91,305us-gaap_NoninterestExpense 50,164us-gaap_NoninterestExpense
Earnings from continuing operations before taxes 119,152us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 114,318us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 41,186us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (46,073)us-gaap_IncomeTaxExpenseBenefit (43,261)us-gaap_IncomeTaxExpenseBenefit (15,281)us-gaap_IncomeTaxExpenseBenefit
Net earnings from continuing operations 73,079us-gaap_IncomeLossFromContinuingOperations 71,057us-gaap_IncomeLossFromContinuingOperations 25,905us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations before taxes 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax (105)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax (1,413)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
Income tax benefit 0us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation 47us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation 588us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation
Net loss from discontinued operations 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax (58)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax (825)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Net earnings $ 73,079us-gaap_NetIncomeLoss $ 70,999us-gaap_NetIncomeLoss $ 25,080us-gaap_NetIncomeLoss
Earnings Per Share, Basic [Abstract]      
Net earnings from continuing operations $ 0.71us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.69us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.57us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Net earnings $ 0.71us-gaap_EarningsPerShareBasic $ 0.69us-gaap_EarningsPerShareBasic $ 0.55us-gaap_EarningsPerShareBasic
Earnings Per Share, Diluted [Abstract]      
Net earnings from continuing operations $ 0.71us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.69us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.57us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Net earnings $ 0.71us-gaap_EarningsPerShareDiluted $ 0.69us-gaap_EarningsPerShareDiluted $ 0.55us-gaap_EarningsPerShareDiluted
Dividends [Abstract]      
Dividends declared per share $ 0.50us-gaap_CommonStockDividendsPerShareDeclared $ 0.50us-gaap_CommonStockDividendsPerShareDeclared $ 0.25us-gaap_CommonStockDividendsPerShareDeclared