10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________________________________________ 

FORM 10-Q

______________________________________________ 

(Mark One)

x Quarterly report pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2017

or

o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission File Number: 000-50245

______________________________________________ 

HOPE BANCORP, INC.

(Exact name of registrant as specified in its charter)

______________________________________________ 

Delaware	95-4849715
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
3200 Wilshire Boulevard, Suite 1400, Los Angeles, California	90010
(Address of principal executive offices)	(Zip Code)

(213) 387-3200

(Registrant’s telephone number, including area code)

(Former name, former address and formal fiscal year, if change since last report)

______________________________________________ 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x		Accelerated filer	o
Non-accelerated filer	o	(Do not check it a smaller reporting company)	Smaller Reporting Company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  o   No  x

As of July 12, 2017, there were 135,303,015 outstanding shares of the issuer’s common stock, $0.001 par value.

Table of Contents

		Page
PART I FINANCIAL INFORMATION
Item 1.	FINANCIAL STATEMENTS
	Consolidated Statements of Financial Condition - March 31, 2017 (Unaudited) and December 31, 2016	4
	Consolidated Statements of Income (Unaudited) - Three Months Ended March 31, 2017 and 2016	6
	Consolidated Statements of Comprehensive Income (Unaudited) - Three Months Ended March 31, 2017 and 2016	7
	Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - Three Months Ended March 31, 2017 and 2016	8
	Consolidated Statements of Cash Flows (Unaudited) - Three Months Ended March 31, 2017 and 2016	9
	Notes to Consolidated Financial Statements (Unaudited)	10
Item 2	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	56
Item 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	73
Item 4.	CONTROLS AND PROCEDURES	74
PART II OTHER INFORMATION
Item 1.	LEGAL PROCEEDINGS	75
Item 1A.	RISK FACTORS	75
Item 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	75
Item 3.	DEFAULTS UPON SENIOR SECURITIES	75
Item 4.	MINE SAFETY DISCLOSURES	75
Item 5.	OTHER INFORMATION	75
Item 6.	EXHIBITS	75
SIGNATURES		76
INDEX TO EXHIBITS		77

2

Forward-Looking Statements

Some statements in this Quarterly Report on Form 10-Q constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the business environment in which we operate, projections of future performance, perceived opportunities in the market, our anticipated merger with U & I Financial Corp., and statements regarding our business strategies, objectives and vision. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, the Company claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Our actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The risks and uncertainties include: inability to consummate our proposed merger with U & I Financial Corp. on the terms we have proposed or at all; failure to realize the benefits from the merger with U & I Financial Corp. that we currently expect if the merger is consummated; the Company’s inability to remediate its presently identified material weaknesses or to do so in a timely manner, the possibility that additional material weaknesses may arise in the future, and that a material weakness may have an impact on our reported financial results; possible deterioration in economic conditions in our areas of operation; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; and regulatory risks associated with current and future regulations. For additional information concerning these and other risk factors, see Part I, Item 1A. Risk Factors contained in our Annual Report on Form 10-K for the year ended December 31, 2016.

The Company does not undertake, and specifically disclaims any obligation, to update any forward looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.

3

PART I

FINANCIAL INFORMATION

Item 1. Financial Statements

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
	(Unaudited)
	March 31, 2017		December 31, 2016
ASSETS	(Dollars in thousands, except share data)
Cash and cash equivalents:
Cash and due from banks	$	160,918	$	168,827
Interest bearing deposits in other banks	300,150		268,507
Total cash and cash equivalents	461,068		437,334
Interest bearing deposits in other financial institutions and other investments	43,958		44,202
Securities available for sale, at fair value	1,583,946		1,556,740
Loans held for sale, at the lower of cost or fair value	19,141		22,785
Loans receivable (net of allowance for loan losses of $78,659 and $79,343 at March 31, 2017 and December 31, 2016, respectively)	10,471,008		10,463,989
Other real estate owned (“OREO”), net	19,096		21,990
Federal Home Loan Bank (“FHLB”) stock, at cost	21,203		21,964
Premises held for sale, at fair value	3,300		—
Premises and equipment, net	51,125		55,316
Accrued interest receivable	25,683		26,880
Deferred tax assets, net	80,321		88,110
Customers’ liabilities on acceptances	2,771		2,899
Bank owned life insurance (“BOLI”)	74,090		73,696
Investments in affordable housing partnerships	76,398		70,059
Goodwill	463,975		462,997
Core deposit intangible assets, net	18,550		19,226
Servicing assets	25,941		26,457
Other assets	39,855		46,778
Total assets	$	13,481,429	$	13,441,422
(Continued)

4

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
	(Unaudited)
	March 31, 2017			December 31, 2016
LIABILITIES AND STOCKHOLDERS’ EQUITY	(Dollars in thousands, except share data)
LIABILITIES:
Deposits:
Noninterest bearing	$	2,963,947		$	2,900,241
Interest bearing:
Money market and NOW accounts	3,481,231			3,401,446
Savings deposits	289,924			301,906
Time deposits	3,968,675			4,038,442
Total deposits	10,703,777			10,642,035
FHLB advances	703,850			754,290
Subordinated debentures	100,067			99,808
Accrued interest payable	10,592			10,863
Acceptances outstanding	2,771			2,899
Commitments to fund investments in affordable housing partnerships	31,530			24,409
Other liabilities	50,795			51,645
Total liabilities	11,603,382			11,585,949
STOCKHOLDERS’ EQUITY:
Common stock, $0.001 par value; authorized 150,000,000 shares at March 31, 2017 and December 31, 2016; issued and outstanding, 135,248,185 and 135,240,079 shares at March 31, 2017 and December 31, 2016, respectively	135			135
Additional paid-in capital	1,401,275			1,400,490
Retained earnings	489,486			469,505
Accumulated other comprehensive loss, net	(12,849		)	(14,657		)
Total stockholders’ equity	1,878,047			1,855,473
Total liabilities and stockholders’ equity	$	13,481,429		$	13,441,422

See accompanying Notes to Consolidated Financial Statements (Unaudited).

5

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
	Three Months Ended March 31,
	2017		2016
	(Dollars in thousands, except per share data)
INTEREST INCOME:
Loans, including fees	$	123,294	$	77,118
Securities	8,113		5,677
Interest bearing deposits in other bank and other investments	1,336		666
Total interest income	132,743		83,461
INTEREST EXPENSE:
Deposits	14,511		9,907
FHLB advances	2,139		1,523
Other borrowings	1,188		424
Total interest expense	17,838		11,854
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	114,905		71,607
PROVISION FOR LOAN LOSSES	5,600		500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	109,305		71,107
NONINTEREST INCOME:
Service fees on deposit accounts	5,338		2,683
International service fees	1,108		776
Loan servicing fees, net	1,438		690
Wire transfer fees	1,186		914
Net gains on sales of SBA loans	3,250		1,825
Net gains on sales of other loans	420		—
Other income and fees	4,863		1,887
Total noninterest income	17,603		8,775
NONINTEREST EXPENSE:
Salaries and employee benefits	34,166		21,569
Occupancy	7,194		4,817
Furniture and equipment	3,413		2,287
Advertising and marketing	3,424		1,136
Data processing and communications	3,606		2,171
Professional fees	3,902		1,083
FDIC assessments	1,010		1,038
Credit related expenses	1,883		421
OREO expense, net	997		1,428
Merger and integration expenses	947		1,207
Other	7,157		2,892
Total noninterest expense	67,699		40,049
INCOME BEFORE INCOME TAX PROVISION	59,209		39,833
INCOME TAX PROVISION	22,999		16,210
NET INCOME	$	36,210	$	23,623
EARNINGS PER COMMON SHARE
Basic	$	0.27	$	0.30
Diluted	$	0.27	$	0.30

See accompanying Notes to Consolidated Financial Statements (Unaudited).

6

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Net income	$	36,210		$	23,623
Other comprehensive income:
Change in unrealized net holding gains on securities available for sale	3,181			15,633
Change in unrealized net holding gains on interest only strips	(49		)	(41		)
Less tax effect	1,324			6,605
Other comprehensive income, net of tax	1,808			8,987
Total comprehensive income	$	38,018		$	32,610

See accompanying Notes to Consolidated Financial Statements (Unaudited).

7

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Unaudited)
		Common stock			Additional paid-in capital		Retained earnings			Accumulated other comprehensive  income (loss), net			Total stockholders’ equity
		Shares	Amount
	(Dollars in thousands, except share data)
BALANCE, JANUARY 1, 2016		79,566,356	$	80	$	541,596	$	398,251		$	(1,832	)	$	938,095
Issuance of shares pursuant to various stock plans		30,750			7								7
Stock-based compensation					22								22
Cash dividends declared on common stock							(8,752		)				(8,752		)
Comprehensive income:
Net income							23,623						23,623
Other comprehensive income										8,987			8,987
BALANCE, MARCH 31, 2016		79,597,106	$	80	$	541,625	$	413,122		$	7,155		$	961,982
BALANCE, JANUARY 1, 2017		135,240,079	$	135	$	1,400,490	$	469,505		$	(14,657	)	$	1,855,473
Issuance of shares pursuant to various stock plans		8,106			252								252
Stock-based compensation					533								533
Cash dividends declared on common stock							(16,229		)				(16,229		)
Comprehensive income:
Net income							36,210						36,210
Other comprehensive income										1,808			1,808
BALANCE, MARCH 31, 2017		135,248,185	$	135	$	1,401,275	$	489,486		$	(12,849	)	$	1,878,047

See accompanying Notes to Consolidated Financial Statements (Unaudited).

8

HOPE BANCORP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	36,210		$	23,623
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, amortization, net of discount accretion	(504		)	(798		)
Stock-based compensation expense	746			22
Provision for loan losses	5,600			500
Valuation adjustment of premises held for sale	1,084			—
Valuation adjustment of OREO	592			695
Net Change in deferred income taxes	7,182			6,794
Proceeds from sales of loans held for sale	70,254			25,900
Originations of loans held for sale	(53,903		)	(29,593		)
Net gains on sales of SBA and other loans	(3,670		)	(1,825		)
Originations of servicing assets	(1,296		)	(777		)
Earnings on BOLI	(394		)	(274		)
Net change in fair value of derivatives	33			—
Loss on disposal of equipment	147			—
Net loss (gain) on sales of OREO	3			(132		)
Net change in accrued interest receivable	1,197			(465		)
Loss on investments in affordable housing partnership	2,077			405
Net change in other assets	6,981			(18,978		)
Net change in accrued interest payable	(271		)	739
Net change in other liabilities	(850		)	(981		)
Net cash provided by operating activities	71,218			4,855
CASH FLOWS FROM INVESTING ACTIVITIES
Net change in loans receivable	(17,288		)	(120,570		)
Proceeds from sales of OREO	194			2,617
Purchase of premises and equipment	(2,491		)	(2,303		)
Purchase of securities available for sale	(94,890		)	(99,566		)
Purchases of other investments	—			(1,470		)
Redemption of other investments	244			—
Redemption of FHLB stock	761			—
Proceeds from matured, called, or paid-down of securities available for sale	68,124			36,435
Investments in affordable housing partnerships	(1,379		)	—
Net cash used in investing activities	(46,725		)	(184,857		)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	65,218			126,459
Cash dividends paid on common stock	(16,229		)	(8,752		)
Proceeds from FHLB advances	50,000			150,000
Repayment of FHLB advances	(100,000		)	(150,000		)
Issuance of additional stock pursuant to various stock plans	252			7
Net cash (used in) provided by financing activities	(759		)	117,714
NET CHANGE IN CASH AND CASH EQUIVALENTS	23,734			(62,288		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	437,334			298,389
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	461,068		$	236,101
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	$	21,767		$	11,115
Income taxes paid	$	1,161		$	20,862
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Transfer from loans receivable to OREO	$	137		$	1,895
Transfer from loans receivable to loans held for sale	$	9,451		$	450
Transfer from loans held for sale to loans receivable	$	159		$	—
Transfer from premises and equipment to premises held for sale	$	3,300		$	—
New commitments to fund affordable housing partnership investments	$	8,500		$	—

See accompanying Notes to Consolidated Financial Statements (Unaudited).

9

HOPE BANCORP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

1. Hope Bancorp, Inc.

Hope Bancorp, Inc. (“Hope Bancorp” on a parent-only basis and the “Company” on a consolidated basis), headquartered in Los Angeles, California, is the holding company for Bank of Hope (the “Bank”). As of March 31, 2017, the Bank operated branches in California, Washington, Texas, Illinois, Alabama, Georgia, Virginia, New Jersey, and New York, as well as loan production offices in Georgia, Virginia, Texas, Colorado, Oregon, Washington, Southern California, and Northern California. The Company is a corporation organized under the laws of the state of Delaware and a bank holding company registered under the Bank Holding Company Act of 1956, as amended.

Effective at the close of business on July 29, 2016, the Company (previously known as BBCN Bancorp, Inc.) completed its previously-announced merger with Wilshire Bancorp, Inc. (“Wilshire”) pursuant to the Agreement and Plan of Merger, dated as of December 7, 2015, by and between the Company and Wilshire (the “Merger Agreement”). On the date of the acquisition, Wilshire merged with and into the Company, with Company being the surviving corporation. On the date of the merger with Wilshire, the Company changed its name to “Hope Bancorp, Inc.” and changed its ticker symbol to “HOPE”.

2. Basis of Presentation

The consolidated financial statements included herein have been prepared without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), except for the Consolidated Statement of Financial Condition as of December 31, 2016 which was from the audited financial statements included in the Company’s 2016 Annual Report on Form 10-K. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such SEC rules and regulations.

The consolidated financial statements include the accounts of Hope Bancorp and its wholly owned subsidiaries, principally Bank of Hope. All intercompany transactions and balances have been eliminated in consolidation. The Company has made all adjustments, that in the opinion of management, are necessary to fairly present the Company’s financial position at March 31, 2017 and December 31, 2016 and the results of operations for the three months ended March 31, 2017 and 2016. Certain reclassifications have been made to prior period amounts to conform to the current year presentation. The results of operations for the interim periods are not necessarily indicative of results to be anticipated for the full year.

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

These unaudited consolidated financial statements should be read along with the audited consolidated financial statements and accompanying notes included in the Company’s 2016 Annual Report on Form 10-K.

10

Accounting Pronouncements Adopted:

ASU 2016-05 “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships” clarifies that a change in the counterparty to a derivative instrument (a novation) that has been designated as the hedging instrument does not, in and of itself, require designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. The Company adopted ASU 2016-05 in the first quarter of 2017. The adoption of ASU 2016-05 did not have an impact to the Company’s consolidated financial statements.

ASU 2016-06 “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments” clarifies the steps required to determine if an embedded derivative should be bifurcated from a host contract in order to resolve diversity in practice. The Company adopted of ASU 2016-06 in the first quarter of 2017. The adoption of ASU 2016-06 did not have an impact to the Company’s consolidated financial statements.

ASU 2016-07 “Investments-Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting” removes the requirement to retroactively adopt the equity method upon an increase in the level of ownership interest or the degree of influence of an investment. Under ASU 2016-07 the equity method is only applied to the investment from the date that it qualifies. When an investment qualifies for equity method accounting, the investor should add the cost of acquiring the additional interest in the investee to the current basis of the investor’s existing interest and recognize in earnings the unrealized holding gain or loss in accumulated other comprehensive income, if the existing investment was accounted for as an available-for-sale equity security. The Company adopted ASU 2016-07 in the first quarter of 2017. The adoption of ASU 2016-07 did not have an impact to the Company’s consolidated financial statements.

ASU 2016-09 “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” was issued as a part of the FASB’s simplification initiative, and intends to improve the accounting for share-based payment transactions. The ASU changes several aspects of the accounting for share-based payment award transactions, including accounting for excess tax benefits and deficiencies, income statement recognition, cash flow classification, forfeitures, and tax withholding requirements. The Company adopted ASU 2016-09 in the first quarter of 2017. As of result of the adoption of ASU 2016-09, the Company now recognizes excess tax benefits on share-based payment awards in income tax provision on the Consolidated Statement of Income rather than in additional paid-in capital on the Consolidated Statement of Changes in Stockholders’ Equity. The Company recorded $73 thousand of income tax benefits for the three months ended March 31, 2017 related to excess tax benefits from share-based payment awards compared to $9 thousand in excess tax benefits on share-based payment awards that were recorded in additional paid-in capital for the three months ended March 31, 2016.

Recent Accounting Pronouncements:

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. ASU 2014-09 is based on the principle that revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09 as amended by ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, is effective for interim and annual periods beginning after December 15, 2017 and is applied on either a modified retrospective or full retrospective basis. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company’s revenue primarily consists of net interest income and noninterest income. The scope of the guidance explicitly excludes net interest income, as well as other revenues from financial instruments such as loans, leases, securities and derivatives. Certain noninterest income revenue items such as service charges on deposits accounts, gain/loss on other real estate owned sales, and other income items may be in the scope of ASU 2014-09 and how these revenue streams are recognized may change. The Company is currently in the process of evaluating the impact of ASU 2014-09 on its consolidated financial statements, but does not expect the adoption of ASU 2014-09 to have material impact on its consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

11

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. ASU 2016-13 becomes effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In March 2017, the FASB issued ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost & Net Periodic Post-retirement Benefit Cost”. ASU 2017-07 was issued to to improve the presentation of net periodic pension costs and net periodic post-retirement benefit cost and requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. ASU 2017-07 also allow only the service cost component to be eligible for capitalization when applicable (e.g., as a cost of internally manufactured inventory or a self-constructed asset). ASU 2017-07 is effective for annual period beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is currently in the process of evaluating the impact of ASU 2017-07 on its consolidated financial statements, but does not expect the adoption of ASU 2017-07 to have material impact on it consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. ASU 2017-08 was issued to amend the amortization period for certain callable debt securities held at a premium. ASU 2017-08 shortens the amortization period of premiums on certain purchased callable debt securities to the earliest call date. ASU 2017-08 affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). ASU 2017-08 does not impact securities purchased at a discount, which continue to be amortized to maturity. ASU 2017-08 is effective for annual period beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted in an interim period. If an entity chooses to adopt early, any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The adoption of ASU 2017-08 is not expected to have a material impact on the Company’s consolidated financial statements.

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification”. ASU 2017-09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017-09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017-09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Company is currently in the process of evaluating the impact of ASU 2017-09 on its consolidated financial statements, but does not expect the adoption of ASU 2017-09 to have material impact on it consolidated financial statements.

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3. Mergers and Acquisitions

The Company applies the acquisition method of accounting for business combinations, including the merger with Wilshire under ASC 805 “Business Combinations”. Under the acquisition method of accounting, the acquiring entity in a business combination recognizes 100 percent of the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. Where amounts allocated to assets acquired and liabilities assumed is greater than the purchase price, a bargain purchase gain is recognized. Acquisition-related costs are expensed as incurred as merger and integration expense.

Pending Acquisition of U & I Financial Corp

On January 23, 2017, the Company announced the signing of a definitive agreement and plan of merger (the “U & I Merger Agreement”) with U & I Financial Corporation (“U & I”) pursuant to which U & I will merge with and into Hope Bancorp with Hope Bancorp as the surviving corporation. As part of the merger, UniBank, a wholly-owned subsidiary of U & I, will merge with and into the Bank. Under the U & I Merger Agreement, at the effective time of the merger (the “Effective Time”), each outstanding share of U & I common stock will be converted into shares of the Company’s common stock based on a value of $9.50 for the U & I common stock, which value will be subject to adjustment if U & I’s financial advisory and legal fees exceed certain amounts as provided in the U & I Merger Agreement (the “Merger Consideration”). The number of shares of Company common stock to be issued for the Merger Consideration will be based on the 10-trading day, volume weighted average price of the Company’s common stock as of the closing as determined in accordance with the Merger Agreement (as so determined, the “Closing Stock Price”); provided that:

(i) if the Closing Stock Price is less than $17.28832, the Company may terminate the U & I Merger Agreement unless U & I elects to accept an adjustment to the Merger Consideration through the issuance of fewer shares based on the $17.28832 instead of the lower Closing Stock Price; and

(ii) if the Closing Stock Price is greater than $25.93248, U & I may terminate the U & I Merger Agreement unless the Company elects to accept an adjustment to the Merger Consideration through the issuance of additional shares based on the $25.93248 price instead of the higher Closing Stock Price.

Each outstanding U & I stock option held by an U & I employee who will be retained by the Company after the Effective Time (each, a “Covered Employee”) shall cease to represent the right to acquire shares of U & I common stock and shall instead be converted automatically into an option to acquire shares of the Company’s common stock, and such assumed options will be assumed by the Company on substantially the same terms and conditions as were applicable under the corresponding U & I stock options. Each U & I stock option held by a U & I employee who will not be a Covered Employee shall become fully vested and be converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the excess, if any, of the per share Merger Consideration over the exercise price per share of such stock option by (ii) the total number of shares of U & I common stock subject to such stock option.

The U & I Merger Agreement contains representations and warranties customary for transactions of this type from the Company and U & I, and each party has agreed to customary covenants, including, among others, covenants relating to the conduct of its business during the interim period between the execution of the U & I Merger Agreement and the Effective Time and, in the case of U & I, its obligation, subject to certain exceptions, to recommend that its shareholders adopt the U & I Merger Agreement and its non-solicitation obligations relating to alternative acquisition proposals.

The consummation of the merger with U & I is subject to customary conditions, including receipt of regulatory approvals, receipt of the requisite approval of the shareholders of U & I, the absence of any law or order prohibiting the closing, and effectiveness of the registration statement to be filed by the Company with respect to the Company’s common stock to be issued in the merger with U & I, and the absence of the occurrence of a material adverse effect upon the Company or U & I. In addition, each party’s obligation to consummate the merger is subject to certain other conditions, including the accuracy of the representations and warranties of the other party and compliance of the other party with its covenants, in each case subject to certain materiality standards. The Company expects to close the acquisition by the end of 2017, subject to satisfaction of the conditions set forth in the U & I Merger Agreement.

The U & I Merger Agreement provides certain termination rights for both the Company and U & I and further provides that a termination fee of $2 million will be payable by U & I to the Company upon termination of the U & I Merger Agreement under certain circumstances.

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Merger with Wilshire Bancorp, Inc.

On July 29, 2016, the Company completed the merger with Wilshire Bancorp, Inc. (“Wilshire”), the holding company of Wilshire Bank. The Company merged with Wilshire in order to expand its network of branch locations and to provide enhanced products and services to our customers. Wilshire’s primary subsidiary, Wilshire Bank, previously operated thirty-five branches located in California, New York, New Jersey, Texas, Georgia, and Alabama. Approximately $4.63 billion in assets were acquired through the transaction including $3.80 billion in loans receivable and $3.81 billion in deposits. Subsequent to the merger, the Bank now operates 64 branches in nine different states throughout the United States and also has loan production offices throughout the Unites States and a representative office in Seoul, Korea.

Under the terms of the Merger Agreement, Wilshire shareholders received 0.7034 shares of Hope Bancorp common stock for each share of Wilshire common stock owned. As a result, 55.5 million shares of Hope Bancorp common stock were issued to Wilshire shareholders in addition to $3 thousand that was paid for fractional shares. In addition, the Company issued Hope stock options and restricted stock in exchange for Wilshire stock options and restricted stock outstanding at July 29, 2016 under substantially the same terms that were applicable immediately prior to the merger, subject to adjustment for the exchange ratio. Total consideration for the merger was $856.3 million.

The consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:

	(Dollars in thousands)
Consideration Paid:
Hope common stock issued in exchange for Wilshire common stock	$	852,939
Cash paid for fractional shares	3
Hope stock options issued in exchange Wilshire stock options	3,370
Total consideration paid	$	856,312
Assets Acquired:
Cash and cash equivalents	$	100,127
Investment securities available for sale	478,938
Loans receivable	3,800,807
FRB and FHLB stock	16,539
OREO	13,173
Premises and equipment	16,812
Bank owned life insurance	25,240
Servicing assets	16,203
Low income housing tax credit investments	47,111
Core deposit intangibles	18,138
Deferred tax assets, net	18,174
Other assets	76,818
Liabilities Assumed:
Deposits	(3,812,367		)
Borrowings	(206,282		)
Subordinated debentures	(56,942		)
Other liabilities	(54,751		)
Total identifiable net assets	$	497,738
Excess of consideration paid over fair value of net assets acquired (goodwill)	$	358,574

Fair values are primarily determined through the use of inputs that are not observable from market-based information. Under ASC 805-10-25-13, management may adjust the fair values of acquired assets or assumed liabilities for a period of up to one year from the date of the acquisition to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have an effect on the measurement of the amounts recognized as of that date. During the fourth quarter of 2016, the Company made a net adjustment of $1.4 million to the deferred tax assets and taxes receivable acquired from Wilshire which reduced the previous goodwill recorded from the transaction by $1.4 million. Subsequently in the first quarter of 2017, the Company made an adjustment which increased goodwill by $978 thousand consisting of a $1.7 million adjustment to OREO partially offset by a $716 thousand adjustment to deferred tax assets.

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Acquired Loans

The fair value of loans were estimated on an individual basis based on the characteristics for each loan. A discounted cash flow analysis was used to project cash flows for each loan using assumptions for rate, remaining maturity, prepayment speeds, projected default probabilities, loss given defaults, and estimates of prevailing discount rates. At July 29, 2016, the fair value of loan acquired with deteriorated credit quality totaled $243.1 million.

The outstanding principal balances and the related carrying amounts of the acquired loans included in the statement of financial condition at March 31, 2017 were $4.72 billion and $3.42 billion, respectively, for loans acquired from Wilshire. The outstanding principal balances and the related carrying amounts of the acquired loans included in the statement of financial condition at December 31, 2016 were $5.67 billion and $3.59 billion, respectively, for loans acquired from Wilshire.

Acquisition-Related Expenses

The following table presents acquisition-related expenses associated with the merger with Wilshire, the pending acquisition of U & I, and other previous acquisitions which were reflected in the Consolidated Statements of Income in merger and integration expense. These expenses are comprised primarily of salaries and employee benefits, professional fees, and other noninterest expense related to acquisitions.

	Three Months Ended March 31,
	2017		2016
	(Dollars in thousands)
Wilshire	$	401	$	1,183
U & I	522		—
Other	24		24
Total merger and integration expenses	$	947	$	1,207

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4.     Stock-Based Compensation

The Company has a stock-based incentive plan (the “2007 Plan”) to award equity as form of compensation. The 2007 Plan, approved by the Company’s stockholders on May 31, 2007, was amended and restated on July 25, 2007 and again on December 1, 2011. The 2007 Plan provides for grants of stock options, stock appreciation rights (“SARs”), restricted stock, performance shares, and performance units (sometimes referred to individually or collectively as “awards”) to non-employee directors, employees, and consultants of the Company. Stock options may be either incentive stock options (“ISOs”), as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), or nonqualified stock options (“NQSOs”).

The 2007 Plan gives the Company flexibility to (i) attract and retain qualified non-employee directors, executives and other key employees and consultants with appropriate equity-based awards; (ii) motivate high levels of performance; (iii) recognize employee contributions to the Company’s success; and (iv) align the interests of the 2007 Plan participants with those of the Company’s stockholders. The exercise price for shares under an ISO may not be less than 100% of fair market value on the date the award is granted under Code Section 422. Similarly, under the terms of the 2007 Plan the exercise price for SARs and NQSOs may not be less than 100% of fair market value on the date of grant. Performance units are awarded to a participant at the market price of the Company’s common stock on the date of award (after the lapse of the restriction period and the attainment of the performance criteria). No minimum exercise price is prescribed for performance shares and restricted stock awarded under the 2007 Plan.

ISOs, SARs and NQSOs have vesting periods of three to five years and have 10-year contractual terms. Restricted stock, performance shares, and performance units are granted with a restriction period of not less than one year from the grant date for performance-based awards and not more than three years from the grant date for time-based vesting of grants. Compensation expense for awards is recognized over the vesting period.

The Company has another stock-based incentive plan, the 2016 Stock Incentive Plan, adopted September 1, 2016. Stock options and restricted stock were assumed from the merger with Wilshire at substantially the same terms as those prior to the merger after applying the exchange ratio of 0.7034. These stock awards were issued to former Wilshire employees and directors through the 2016 Plan. The 2016 Plan provides for the granting of incentive stock option, stock appreciation right, and restricted stock awards to officers, employees, and consultants. The plan has 2,400,000 shares available for grant to participants. The option prices of all options granted under the 2016 Plan may not be less than 100% of the fair market value at the date of grant. All options not exercised generally expire ten years after the date of grant.

Under the 2007 Plan and 2016 Plan, 1,890,563 shares were available for future grants as of March 31, 2017.

The total shares reserved for issuance will serve as the underlying value for all equity awards under the 2007 Plan and 2016 Plan. With the exception of the shares underlying stock options and restricted stock awards, the board of directors may choose to settle the awards by paying the equivalent cash value or by delivering the appropriate number of shares.

The following is a summary of stock option activity under the 2007 Plan and 2016 Plan for the three months ended March 31,2017:

	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (Dollars in thousands)
Outstanding - January 1, 2017	1,624,227		$	15.30
Granted	—		—
Exercised	(21,307	)	11.07
Expired	(1,530	)	15.34
Forfeited	—		—
Outstanding - March 31, 2017	1,601,390		$	15.36	6.40	$	6,861
Options exercisable - March 31, 2017	866,548		$	14.02	4.13	$	5,218

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The following is a summary of restricted stock and performance unit activity under the 2007 Plan and 2016 Plan for the three months ended March 31,2017:

	Number of Shares		Weighted- Average Grant Date Fair Value
Outstanding - January 1, 2017	403,658		$	16.17
Granted	—		—
Vested	(36,407	)	15.31
Forfeited	(3,372	)	14.75
Outstanding - March 31, 2017	363,879		$	16.27

The total fair value of restricted performance units vested for the three months ended March 31, 2017 and 2016 was $735 thousand and $492 thousand, respectively.

The amount charged against income related to stock-based payment arrangements was $746 thousand and $22 thousand for the three months ended March 31, 2017 and 2016, respectively. The income tax benefit recognized was approximately $290 thousand and $9 thousand for the three months ended March 31, 2017 and 2016, respectively.

At March 31, 2017, the unrecognized compensation expense related to non-vested stock option grants was $1.8 million which is expected to be recognized over a weighted average vesting period of 3.19 years. Unrecognized compensation expense related to non-vested restricted stock and performance units was $4.6 million which is expected to be recognized over a weighted average vesting period of 2.69.

During the first quarter of 2017 the Company adopted ASU 2016-09, “Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting”. With the adoption of ASU 2016-09 all of the Company’s excess tax benefits on share-based payment awards were recorded in income tax provision on the Consolidated Statements of Income for the three months ended March 31, 2017.

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5.    Earnings Per Share (“EPS”)

Basic EPS does not reflect the possibility of dilution that could result from the issuance of additional shares of common stock upon exercise or conversion of outstanding equity awards, and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted to common stock that would then share in our earnings. For the three months ended March 31, 2017, stock options and restricted shares awards for 236,878 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive. Stock options and restricted shares awards for 443,956 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive for the three months ended March 31, 2016. Additionally, warrants issued pursuant to the Company’s participation in the U.S. Treasury’s TARP Capital Purchase Plan, to purchase 19,963 shares and 19,420 shares of common stock were anti-dilutive and excluded for the three months ended March 31, 2017 and 2016, respectively.

The following tables show the computation of basic and diluted EPS for the three months ended March 31, 2017 and 2016.

	Three Months Ended March 31,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(Dollars in thousands, except share and per share data)
Basic EPS - common stock	$	36,210	135,248,018	$	0.27	$	23,623	79,583,188	$	0.30
Effect of dilutive securities:
Stock options and restricted stock			520,627					30,057
Diluted EPS - common stock	$	36,210	135,768,645	$	0.27	$	23,623	79,613,245	$	0.30

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6.    Securities Available for Sale

The following is a summary of securities available for sale as of the dates indicated:

	At March 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	10,002	$	—	$	(4	)	$	9,998
Collateralized mortgage obligations (residential)	736,000		406		(9,787		)	726,619
Mortgage-backed securities (residential)	744,654		1,252		(13,214		)	732,692
Corporate securities	4,564		—		(251		)	4,313
Municipal securities	97,689		609		(1,044		)	97,254
Total debt securities	1,592,909		2,267		(24,300		)	1,570,876
Mutual funds	13,425		18		(373		)	13,070
Total investment securities available for sale	$	1,606,334	$	2,285	$	(24,673	)	$	1,583,946
	At December 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	12,005	$	3	$	—		$	12,008
Collateralized mortgage obligations (residential)	715,981		349		(10,663		)	705,667
Mortgage-backed securities (residential)	741,304		1,132		(14,395		)	728,041
Corporate securities	11,576		—		(449		)	11,127
Municipal securities	88,018		358		(1,537		)	86,839
Total debt securities	1,568,884		1,842		(27,044		)	1,543,682
Mutual funds	13,425		—		(367		)	13,058
Total investment securities available for sale	$	1,582,309	$	1,842	$	(27,411	)	$	1,556,740

As of March 31, 2017 and December 31, 2016, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

For the three months ended March 31, 2017 and 2016, $3.2 million and $15.6 million, respectively, of unrealized gains were included in accumulated other comprehensive income (loss). No investments were sold during the three months ended March 31, 2017 and 2016.

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The amortized cost and estimated fair value of investment securities at March 31, 2017, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	Amortized Cost		Estimated Fair Value
	(Dollars in thousands)
Available for sale:
Due within one year	$	10,724	$	10,725
Due after one year through five years	7,472		7,630
Due after five years through ten years	40,905		40,891
Due after ten years	53,154		52,319
U.S. Government agency and U.S. Government sponsored enterprises
Collateralized mortgage obligations (residential)	736,000		726,619
Mortgage-backed securities (residential)	744,654		732,692
Mutual funds	13,425		13,070
Total	$	1,606,334	$	1,583,946

Securities with carrying values of approximately $366.1 million and $382.1 million at March 31, 2017 and December 31, 2016, respectively, were pledged to secure public deposits, various borrowings and for other purposes as required or permitted by law.

The following tables show our investments’ gross unrealized losses and estimated fair value, aggregated by investment category and the length of time that the individual securities have been in a continuous unrealized loss position as of the dates indicated.

	As of March 31, 2017
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Debt securities*	3	$	9,998	$	(4	)	—	$	—	$	—		3	$	9,998	$	(4	)
Collateralized mortgage obligations (residential)*	67	624,327		(8,668		)	4	34,843		(1,119		)	71	659,170		(9,787		)
Mortgage-backed securities (residential)*	59	606,378		(13,214		)	—	—		—			59	606,378		(13,214		)
Corporate securities	—	—		—			1	4,313		(251		)	1	4,313		(251		)
Municipal securities	54	50,447		(1,018		)	1	509		(26		)	55	50,956		(1,044		)
Mutual funds	3	11,590		(373		)	—	—		—			3	11,590		(373		)
Total	186	$	1,302,740	$	(23,277	)	6	$	39,665	$	(1,396	)	192	$	1,342,405	$	(24,673	)

__________________________________    

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

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	As of December 31, 2016
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Collateralized mortgage obligations (residential)*	66	$	615,803	$	(9,459	)	4	$	36,333	$	(1,204	)	70	$	652,136	$	(10,663	)
Mortgage-backed securities (residential)*	57	622,797		(14,395		)	—	—		—			57	622,797		(14,395		)
Corporate securities	1	7,014		(2		)	1	4,113		(447		)	2	11,127		(449		)
Municipal securities	95	69,331		(1,537		)	—	—		—			95	69,331		(1,537		)
Mutual funds	3	13,058		(367		)	—	—		—			3	13,058		(367		)
Total	222	$	1,328,003	$	(25,760	)	5	$	40,446	$	(1,651	)	227	$	1,368,449	$	(27,411	)

__________________________________

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

The Company evaluates securities for other-than-temporary-impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the financial condition and near-term prospects of the issuer, the length of time and the extent to which the fair values of the securities have been less than the cost of the securities, and management’s intention to sell, or whether it is more likely than not that management will be required to sell a security in an unrealized loss position before recovery of its amortized cost basis. In analyzing an issuer’s financial condition, the Company considers, among other considerations, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition.

The Company has certain corporate securities, collateralized mortgage obligations, and municipal securities that were in a continuous unrealized loss position for twelve months or longer as of March 31, 2017. The corporate securities at March 31, 2017 had a total amortized cost of $4.6 million and an unrealized loss of $251 thousand at March 31, 2017. These corporate securities are scheduled to mature in May 2047. These securities were rated investment grade and there were no credit quality concerns with the issuer. The collateralized mortgage obligations in a continuous loss position for twelve months or longer had an unrealized loss of $1.1 million at March 31, 2017. These securities were issued by U.S. Government agency and U.S. Government sponsored enterprises and have high credit ratings of “AA” grade or better. Interest on the corporate securities and the U.S. Government agency and U.S. Government sponsored enterprise investments have been paid as agreed, and management believes this will continue in the future and that the securities will be repaid in full as scheduled. Municipal securities that were in a continuous loss position for twelve months or longer had an unrealized loss of $26 thousand at March 31, 2017. The market value declines for these securities were primarily due to movements in interest rates and are not reflective of management’s expectations of the Company’s ability to fully recover these investments, which may be at maturity. For these reasons, no OTTI was recognized on the corporate and municipal securities and the U.S. Government agency and U.S. Government sponsored collateralized mortgage obligations that were in an unrealized loss position at March 31, 2017.

The Company considers the losses on the investments in unrealized loss positions at March 31, 2017 to be temporary based on: 1) the likelihood of recovery; 2) the information relative to the extent and duration of the decline in market value; and 3) the Company’s intention not to sell, and management’s determination that it is more likely than not that the Company will not be required to sell a security in an unrealized loss position before recovery of its amortized cost basis.

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7.    Loans Receivable and Allowance for Loan Losses

The following is a summary of loans receivable by major category:

	March 31, 2017			December 31, 2016
	(Dollars in thousands)
Loan portfolio composition
Real estate loans:
Residential	$	58,166		$	57,884
Commercial	7,948,844			7,842,573
Construction	284,178			254,113
Total real estate loans	8,291,188			8,154,570
Commercial business	1,696,895			1,832,021
Trade finance	143,298			154,928
Consumer and other	420,169			403,470
Total loans outstanding	10,551,550			10,544,989
Deferred loan fees, net	(1,883		)	(1,657		)
Loans receivable	10,549,667			10,543,332
Allowance for loan losses	(78,659		)	(79,343		)
Loans receivable, net of allowance for loan losses	$	10,471,008		$	10,463,989

The loan portfolio is made up of four segments: real estate loans, commercial business, trade finance and consumer and other. These segments are further segregated between loans accounted for under the amortized cost method (“Legacy Loans”) and previously acquired loans that were originally recorded at fair value with no carryover of the related pre-acquisition allowance for loan losses (“Acquired Loans”). Acquired Loans are further segregated between purchased credit impaired loans (loans with credit deterioration on the acquisition date and accounted for under ASC 310-30, or “PCIs”) and Acquired Performing Loans (loans that were pass graded on the acquisition date and the fair value adjustment is amortized over the contractual life under ASC 310-20, or “non-PCI loans”).

The following table presents changes in the accretable discount on the PCI loans for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	38,591		$	23,777
Accretion	(5,348		)	(3,029		)
Reclassification from nonaccretable difference	18,408			1,349
Balance at end of period	$	51,651		$	22,097

On the acquisition date, the amount by which the undiscounted expected cash flows exceed the estimated fair value of the PCI loans is the “accretable yield.” The accretable yield is then measured at each financial reporting date and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. The accretable yield will change from period to period due to the following: 1) estimates of the remaining life of acquired loans will affect the amount of future interest income; 2) indices for variable rates of interest on PCI loans may change; and 3) estimates of the amount of the contractual principal and interest that will not be collected (nonaccretable difference) may change.

22

The following tables detail the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2017 and 2016:

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended March 31, 2017
Balance, beginning of period	$	38,956		$	23,430		$	1,897		$	2,116		$	12,791		$	117		$	—	$	36		$	79,343
Provision (credit) for loan losses	6,106			(2,884		)	303			184			975			748			187		(19		)	5,600
Loans charged off	(1,154		)	(3,190		)	(1,576		)	(279		)	(336		)	(70		)	—		—			(6,605		)
Recoveries	21			123			—			1			25			149			—		2			321
Balance, end of period	$	43,929		$	17,479		$	624		$	2,022		$	13,455		$	944		$	187	$	19		$	78,659

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended March 31, 2016
Balance, beginning of period	$	42,829		$	16,332		$	3,592		$	556		$	12,823		$	214		$	—	$	62		$	76,408
Provision (credit) for loan losses	(1,218		)	3,147			(1,507		)	276			(82		)	(112		)	—		(4		)	500
Loans charged off	(19		)	(621		)	—			(65		)	(116		)	—			—		—			(821		)
Recoveries	523			190			—			1			1			52			—		2			769
Balance, end of period	$	42,115		$	19,048		$	2,085		$	768		$	12,626		$	154		$	—	$	60		$	76,856

23

The following tables break out the allowance for loan losses and the recorded investment of loans outstanding by individually impaired, general valuation, and PCI impairment, by portfolio segment, at March 31, 2017 and December 31, 2016:

	March 31, 2017
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	2,530	$	2,357	$	—	$	40	$	30	$	122	$	—	$	—	$	5,079
Collectively evaluated for impairment	41,399		15,122		624		1,982		1,289		822		187		19		61,444
PCI loans	—		—		—		—		12,136		—		—		—		12,136
Total	$	43,929	$	17,479	$	624	$	2,022	$	13,455	$	944	$	187	$	19	$	78,659
Loans outstanding:
Individually evaluated for impairment	$	75,377	$	28,421	$	4,450	$	715	$	19,325	$	1,019	$	—	$	272	$	129,579
Collectively evaluated for impairment	5,474,703		1,065,952		59,131		206,933		2,538,765		541,586		76,541		198,095		10,161,706
PCI loans	—		—		—		—		183,018		59,917		3,176		14,154		260,265
Total	$	5,550,080	$	1,094,373	$	63,581	$	207,648	$	2,741,108	$	602,522	$	79,717	$	212,521	$	10,551,550

	December 31, 2016
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,889	$	4,420	$	864	$	50	$	113	$	73	$	—	$	—	$	7,409
Collectively evaluated for impairment	37,067		19,010		1,033		2,066		548		44		—		36		59,804
PCI loans	—		—		—		—		12,130		—		—		—		12,130
Total	$	38,956	$	23,430	$	1,897	$	2,116	$	12,791	$	117	$	—	$	36	$	79,343
Loans outstanding:
Individually evaluated for impairment	$	74,085	$	34,783	$	6,029	$	733	$	23,865	$	435	$	—	$	431	$	140,361
Collectively evaluated for impairment	5,271,262		1,079,348		75,365		179,961		2,597,200		650,710		70,535		206,802		10,131,183
PCI loans	—		—		—		—		188,158		66,745		2,999		15,543		273,445
Total	$	5,345,347	$	1,114,131	$	81,394	$	180,694	$	2,809,223	$	717,890	$	73,534	$	222,776	$	10,544,989

As of March 31, 2017 and December 31, 2016, the reserve for unfunded commitments recorded in other liabilities was $3.4 million and $3.2 million, respectively. For the three months ended March 31, 2017 and 2016, the recognized provision (credit) for unfunded commitments recorded in credit related expense was $241 thousand and $(570) thousand, respectively.

24

The recorded investment of individually impaired loans was as follows:

	March 31, 2017			December 31, 2016
	(Dollars in thousands)
With allocated specific allowance
Without charge off	$	51,944		$	59,638
With charge off	196			1,120
With no allocated specific allowance
Without charge off	70,466			76,775
With charge off	6,973			2,828
Specific allowance on impaired loans	(5,079		)	(7,409		)
Impaired loans, net of specific allowance	$	124,500		$	132,952

The following tables detail the recorded investment of impaired loans (Legacy Loans and Acquired Loans that became impaired subsequent to being originated and acquired, respectfully) as of March 31, 2017 and December 31, 2016 and for the three months ended March 31, 2017 and 2016. Loans with no related allowance are believed by management to be adequately collateralized.

	As of March 31, 2017						As of December 31, 2016
Total Impaired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	581		581		9		2,095		2,384		90
Hotel & motel	6,395		6,433		403		6,387		6,387		337
Gas station & car wash	—		—		—		215		228		41
Mixed use	250		2,101		3		206		732		27
Industrial & warehouse	2,882		2,882		2		530		530		—
Other	22,412		22,657		2,143		22,580		22,825		1,507
Real estate—construction	—		—		—		—		—		—
Commercial business	19,538		19,698		2,479		26,543		27,161		4,493
Trade finance	—		—		—		2,111		2,156		864
Consumer and other	82		82		40		91		91		50
Subtotal	$	52,140	$	54,434	$	5,079	$	60,758	$	62,494	$	7,409
With no related allowance:
Real estate—residential	$	1,465	$	1,465	$	—	$	3,562	$	3,562	$	—
Real estate—commercial
Retail	16,752		17,724		—		12,753		13,290		—
Hotel & motel	6,273		12,221		—		6,122		11,735		—
Gas station & car wash	4,160		6,634		—		5,043		7,449		—
Mixed use	6,530		7,614		—		7,303		7,822		—
Industrial & warehouse	8,498		8,574		—		9,673		9,748		—
Other	15,648		16,911		—		20,181		21,492		—
Real estate—construction	2,856		2,996		—		1,300		1,441		—
Commercial business	9,902		13,509		—		8,675		9,472		—
Trade finance	4,450		4,450		—		3,918		3,918		—
Consumer and other	905		923		—		1,073		1,136		—
Subtotal	$	77,439	$	93,021	$	—	$	79,603	$	91,065	$	—
Total	$	129,579	$	147,455	$	5,079	$	140,361	$	153,559	$	7,409

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

25

	For the Three Months Ended March 31, 2017				For the Three Months Ended March 31, 2016
Total Impaired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,338		4		1,712		—
Hotel & motel	6,391		43		4,611		57
Gas station & car wash	108		—		1,050		—
Mixed use	228		2		563		2
Industrial & warehouse	1,706		32		560		6
Other	22,496		253		24,462		275
Real estate—construction	—		—		—		—
Commercial business	23,041		195		35,742		265
Trade finance	1,055		—		10,314		94
Consumer and other	87		1		128		1
Subtotal	$	56,450	$	530	$	79,142	$	700
With no related allowance:
Real estate—residential	$	2,513	$	28	$	—	$	—
Real estate—commercial
Retail	14,752		159		11,105		100
Hotel & motel	6,198		7		7,849		22
Gas station & car wash	4,602		10		4,665		34
Mixed use	6,916		63		2,364		12
Industrial & warehouse	9,086		75		9,888		85
Other	17,915		130		12,712		90
Real estate—construction	2,078		20		1,355		—
Commercial business	9,289		30		8,950		41
Trade finance	4,184		51		—		—
Consumer and other	989		7		1,228		7
Subtotal	$	78,522	$	580	$	60,116	$	391
Total	$	134,972	$	1,110	$	139,258	$	1,091

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

26

	As of March 31, 2017						As of December 31, 2016
Impaired Acquired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	311		311		—		1,826		2,114		85
Hotel & motel	92		89		2		—		—		—
Gas station & car wash	—		—		—		—		—		—
Mixed use	250		2,101		3		136		136		2
Industrial & warehouse	—		—		—		—		—		—
Other	333		337		25		337		341		26
Real estate—construction	—		—		—		—		—		—
Commercial business	774		828		122		294		339		73
Trade finance	—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—
Subtotal	$	1,760	$	3,666	$	152	$	2,593	$	2,930	$	186
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	679	$	679	$	—
Real estate—commercial
Retail	4,351		4,831		—		3,148		3,214		—
Hotel & motel	4,840		7,352		—		4,767		7,171		—
Gas station & car wash	618		804		—		1,568		1,815		—
Mixed use	5,283		5,510		—		5,315		5,551		—
Industrial & warehouse	65		65		—		66		66		—
Other	3,182		3,853		—		6,023		6,752		—
Real estate—construction	—		—		—		—		—		—
Commercial business	245		313		—		141		386		—
Trade finance	—		—		—		—		—		—
Consumer and other	272		281		—		431		484		—
Subtotal	$	18,856	$	23,009	$	—	$	22,138	$	26,118	$	—
Total	$	20,616	$	26,675	$	152	$	24,731	$	29,048	$	186

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

27

	For the Three Months Ended March 31, 2017				For the Three Months Ended March 31, 2016
Impaired Acquired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,068		4		1,169		—
Hotel & motel	46		—		—		—
Gas station & car wash	—		—		509		—
Mixed use	193		2		493		2
Industrial & warehouse	—		—		—		—
Other	335		4		305		4
Real estate—construction	—		—		—		—
Commercial business	534		5		576		3
Trade finance	—		—		—		—
Consumer and other	—		—		—		—
Subtotal	$	2,176	$	15	$	3,052	$	9
With no related allowance:
Real estate—residential	$	339	$	—	$	—	$	—
Real estate—commercial
Retail	3,750		31		2,571		26
Hotel & motel	4,803		4		6,882		17
Gas station & car wash	1,093		10		1,392		25
Mixed use	5,299		63		273		3
Industrial & warehouse	66		1		1,111		2
Other	4,603		13		3,826		14
Real estate—construction	—		—		—		—
Commercial business	193		1		672		8
Trade finance	—		—		—		—
Consumer and other	351		2		557		2
Subtotal	$	20,497	$	125	$	17,284	$	97
Total	$	22,673	$	140	$	20,336	$	106

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

28

Generally, loans are placed on nonaccrual status if the principal and/or interest payments become 90 days past due and/or management deems the collectibility of the principal and/or interest to be in question, as well as when required by regulatory requirements. Loans to customers whose financial condition has deteriorated are considered for nonaccrual status whether or not the loan is 90 days or more past due. Generally, payments received on nonaccrual loans are recorded as principal reductions. Loans are returned to accrual status only when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Company did not recognize any cash basis interest income for the three months ended March 31, 2017 or 2016.

The following tables present the recorded investment of past due loans by the number of days past due as of March 31, 2017 and December 31, 2016 by class of loans:

	As of March 31, 2017
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total		Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	938		—		—		938		2,657		3,595
Hotel & motel	3,341		1,187		—		4,528		4,216		8,744
Gas station & car wash	947		—		—		947		3,542		4,489
Mixed use	—		—		—		—		1,247		1,247
Industrial & warehouse	57		1,028		—		1,085		1,922		3,007
Other	4,046		1,031		—		5,077		3,114		8,191
Real estate—construction	—		—		—		—		1,300		1,300
Commercial business	640		666		—		1,306		9,155		10,461
Trade finance	—		—		—		—		528		528
Consumer and other	229		66		275		570		228		798
Subtotal	$	10,198	$	3,978	$	275	$	14,451	$	27,909	$	42,360
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,156		653		—		1,809		1,578		3,387
Hotel & motel	1,546		—		—		1,546		4,668		6,214
Gas station & car wash	—		—		—		—		47		47
Mixed use	—		354		—		354		162		516
Industrial & warehouse	1,406		—		—		1,406		—		1,406
Other	97		—		—		97		2,096		2,193
Real estate—construction	—		—		—		—		—		—
Commercial business	360		—		—		360		435		795
Trade finance	—		—		—		—		—		—
Consumer and other	684		—		—		684		114		798
Subtotal	$	5,249	$	1,007	$	—	$	6,256	$	9,100	$	15,356
TOTAL	$	15,447	$	4,985	$	275	$	20,707	$	37,009	$	57,716

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.2 million. Includes nonaccrual loans less than 30 days past due totaling $15.6 million.

29

	As of December 31, 2016
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total		Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	480		—		—		480		3,672		4,152
Hotel & motel	1,836		3,137		—		4,973		1,392		6,365
Gas station & car wash	362		—		—		362		3,690		4,052
Mixed use	—		—		—		—		1,305		1,305
Industrial & warehouse	—		697		—		697		1,922		2,619
Other	2,871		—		—		2,871		4,007		6,878
Real estate—construction	—		1,513		—		1,513		1,300		2,813
Commercial business	558		815		—		1,373		9,371		10,744
Trade finance	—		500		—		500		2,056		2,556
Consumer and other	146		58		305		509		229		738
Subtotal	$	6,253	$	6,720	$	305	$	13,278	$	28,944	$	42,222
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	679	$	679
Real estate—commercial
Retail	1,611		—		—		1,611		1,871		3,482
Hotel & motel	95		—		—		95		4,501		4,596
Gas station & car wash	68		340		—		408		993		1,401
Mixed use	—		—		—		—		48		48
Industrial & warehouse	257		—		—		257		—		257
Other	350		—		—		350		2,144		2,494
Real estate—construction	—		—		—		—		—		—
Commercial business	1,303		684		—		1,987		345		2,332
Trade finance	—		—		—		—		—		—
Consumer and other	331		25		—		356		549		905
Subtotal	$	4,015	$	1,049	$	—	$	5,064	$	11,130	$	16,194
TOTAL	$	10,268	$	7,769	$	305	$	18,342	$	40,074	$	58,416

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.9 million. Includes nonaccrual loans less than 30 days past due totaling $18.3 million.

Loans accounted for under ASC 310-30 are generally considered accruing and performing loans and the accretable discount is accreted to interest income over the estimated life of the loan when cash flows are reasonably estimable. Accordingly, PCI loans that are contractually past due are still considered to be accruing and performing loans. The loans may be classified as nonaccrual if the timing and amount of future cash flows is not reasonably estimable.

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including, but not limited to, current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes all non-homogeneous loans. This analysis is performed at least on a quarterly basis. The definitions for risk ratings are as follows:

30

• Pass: Loans that meet a preponderance or more of the Company’s underwriting criteria and evidence an acceptable level of risk.

• Special Mention: Loans that have potential weaknesses that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

• Substandard: Loans that are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. Loans in this classification have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

• Doubtful: Loans that have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

The following tables present the recorded investment of risk ratings for Legacy and Acquired Loans as of March 31, 2017 and December 31, 2016 by class of loans:

	As of March 31, 2017
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	36,883	$	219	$	1,465	$	—	$	38,567
Real estate—commercial
Retail	1,373,943		19,057		17,634		—		1,410,634
Hotel & motel	1,171,476		15,238		9,010		—		1,195,724
Gas station & car wash	637,755		10,280		3,542		—		651,577
Mixed use	396,870		957		1,408		—		399,235
Industrial & warehouse	515,640		21,839		14,970		—		552,449
Other	1,050,557		22,967		35,864		—		1,109,388
Real estate—construction	175,895		13,755		2,856		—		192,506
Commercial business	1,000,577		18,973		74,590		233		1,094,373
Trade finance	53,839		4,142		5,600		—		63,581
Consumer and other	206,835		4		809		—		207,648
Subtotal	$	6,620,270	$	127,431	$	167,748	$	233	$	6,915,682
Acquired Loans:
Real estate—residential	$	19,330	$	269	$	—	$	—	$	19,599
Real estate—commercial
Retail	750,436		11,996		17,642		—		780,074
Hotel & motel	316,099		11,955		17,562		—		345,616
Gas station & car wash	243,494		8,918		9,190		—		261,602
Mixed use	117,453		3,578		11,599		8		132,638
Industrial & warehouse	314,060		14,694		16,453		298		345,505
Other	712,484		28,529		23,389		—		764,402
Real estate—construction	91,672		—		—		—		91,672
Commercial business	549,059		17,666		35,700		97		602,522
Trade finance	76,541		17		3,159		—		79,717
Consumer and other	204,689		914		5,270		1,648		212,521
Subtotal	$	3,395,317	$	98,536	$	139,964	$	2,051	$	3,635,868
Total	$	10,015,587	$	225,967	$	307,712	$	2,284	$	10,551,550

31

	As of December 31, 2016
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	34,283	$	223	$	2,883	$	—	$	37,389
Real estate—commercial
Retail	1,303,452		18,929		15,430		—		1,337,811
Hotel & motel	1,187,709		12,763		9,026		—		1,209,498
Gas station & car wash	643,282		7,259		3,690		—		654,231
Mixed use	375,312		—		1,467		—		376,779
Industrial & warehouse	478,528		29,830		13,745		—		522,103
Other	969,024		22,220		41,017		—		1,032,261
Real estate—construction	159,230		14,745		1,300		—		175,275
Commercial business	1,032,232		15,919		65,885		95		1,114,131
Trade finance	68,051		5,673		7,670		—		81,394
Consumer and other	179,864		1		829		—		180,694
Subtotal	$	6,430,967	$	127,562	$	162,942	$	95	$	6,721,566
Acquired Loans:
Real estate—residential	$	18,007	$	1,809	$	679	$	—	$	20,495
Real estate—commercial
Retail	772,465		9,860		21,110		—		803,435
Hotel & motel	328,396		5,419		18,233		—		352,048
Gas station & car wash	249,379		8,437		11,338		—		269,154
Mixed use	118,643		3,105		12,505		8		134,261
Industrial & warehouse	321,040		31,819		9,048		315		362,222
Other	736,385		23,286		29,099		—		788,770
Real estate—construction	78,838		—		—		—		78,838
Commercial business	649,186		31,340		37,265		99		717,890
Trade finance	70,535		61		2,938		—		73,534
Consumer and other	214,437		958		5,949		1,432		222,776
Subtotal	$	3,557,311	$	116,094	$	148,164	$	1,854	$	3,823,423
Total	$	9,988,278	$	243,656	$	311,106	$	1,949	$	10,544,989

The Company reclassifies loans held for investment to loans held for sale in the event that the Company plans to sell loans that were originated with the intent to hold to maturity. Loans transferred from held to investment to held for sale are carried at the lower of cost or fair value. The breakdown of loans by type that were reclassified from held to investment to held for sale for the three months ended March 31, 2017 and 2016 is presented in the following table:

	Three Months Ended March 31,
	2017		2016
Transfer of loans receivable to held for sale	(Dollars in thousands)
Real estate - commercial	$	8,699	$	—
Commercial business	752		—
Consumer	—		450
Total	$	9,451	$	450

The adequacy of the allowance for loan losses is determined by management based upon an evaluation and review of the credit quality of the loan portfolio, consideration of historical loan loss experience, relevant internal and external factors that affect the collection of a loan, and other pertinent factors.

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Migration analysis is a formula methodology derived from the Bank’s actual historical net charge off experience for each loan class (type) or pool and risk grade. The migration analysis is centered on the Bank’s internal credit risk rating system. Management’s internal loan review and external contracted credit review examinations are used to determine and validate loan risk grades. This credit review system takes into consideration factors such as: borrower’s background and experience; historical and current financial condition; credit history and payment performance; economic conditions and their impact on various industries; type, fair value and volatility of the fair value of collateral; lien position; and the financial strength of any guarantors.

A general loan loss allowance is provided on loans not specifically identified as impaired (“non-impaired loans”). The Bank’s general loan loss allowance has two components: quantitative and qualitative risk factors. The quantitative risk factors are based on the migration analysis methodology described above. The loans are classified by class and risk grade, and the historical loss migration is tracked for the various classes. Loss experience is quantified for a specified period and then weighted to place more significance on the most recent losses. That loss experience is then applied to the stratified portfolio at the end of each quarter. For PCI loans, a general loan loss allowance is provided to the extent that there has been credit deterioration since the date of acquisition. 

Additionally, in order to systematically quantify the credit risk impact of other trends and changes within the loan portfolio, the Bank utilizes qualitative adjustments to the migration analysis within established parameters. The parameters for making adjustments are established under a Credit Risk Matrix that provides seven possible scenarios for each of the factors below. The matrix allows for up to three positive (Major, Moderate, and Minor), three negative (Major, Moderate, and Minor), and one neutral credit risk scenarios within each factor for each loan type or pool. However, if information exists to warrant adjustment to the migration analysis, changes are made in accordance with the established parameters supported by narrative and/or statistical analysis. The Credit Risk Matrix and the nine possible scenarios enable the Bank to qualitatively adjust the Loss Migration Ratio by as much as 50 basis points in either direction (positive or negative) for each loan type pool. This matrix considers the following nine factors, which are patterned after the guidelines provided under the FFIEC Interagency Policy Statement on the Allowance for Loan and Lease Losses:

• Changes in lending policies and procedures, including underwriting standards and collection, charge off, and recovery practices;

• Changes in national and local economic and business conditions and developments, including the condition of various market segments;

• Changes in the nature and volume of the loan portfolio;

• Changes in the experience, ability and depth of lending management and staff;

• Changes in the trends of the volume and severity of past due loans, classified loans, nonaccrual loans, troubled debt restructurings and other loan modifications;

• Changes in the quality of our loan review system and the degree of oversight by the Directors;

• Changes in the value of underlying collateral for collateral-dependent loans;

• The existence and effect of any concentrations of credit and changes in the level of such concentrations; and

• The effect of external factors, such as competition and legal and regulatory requirements, on the level of estimated losses in our loan portfolio.

The Company also establishes specific loss allowances for loans that have identified potential credit risk conditions or circumstances related to a specific individual credit. The specific allowance amounts are determined in accordance with ASC 310-10-35-22, “Measurement of Impairment.” The loans identified as impaired will be accounted for in accordance with one of the three acceptable valuation methods: 1) the present value of future cash flows discounted at the loan’s effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral, if the loan is collateral dependent. For the collateral dependent impaired loans, management obtains a new appraisal to determine the amount of impairment as of the date that the loan became impaired. The appraisals are based on an “as is” valuation. To ensure that appraised values remain current, management either obtains updated appraisals every twelve months from a qualified independent appraiser or an internal evaluation of the collateral is performed by qualified personnel. If the third party market data indicates that the value of the collateral property has declined since the most recent valuation date, management adjusts the value of the property downward to reflect current market conditions. If the fair value of the collateral is less than the recorded amount of the loan, management recognizes impairment by creating or adjusting an existing valuation allowance with a corresponding charge to the provision for loan losses. If an impaired loan is expected to be collected through liquidation of the underlying collateral, the loan is deemed to be collateral dependent and the amount of impairment is charged off against the allowance for loan losses.

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The Company considers a loan to be impaired when it is probable that not all amounts due (principal and interest) will be collectible in accordance with the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The significance of payment delays and payment shortfalls is determined on a case-by-case basis by taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

For commercial business loans, real estate loans, and certain consumer loans, management bases the measurement of loan impairment on the present value of the expected future cash flows, discounted at the loan’s effective interest rate, or on the fair value of the loan’s collateral if the loan is collateral dependent. Management evaluates most consumer loans for impairment on a collective basis because these loans generally have smaller balances and are homogeneous in the underwriting of terms and conditions and in the types of collateral.

For PCI loans, the allowance for loan losses is based upon expected cash flows for these loans. To the extent that a deterioration in borrower’s credit quality results in a decrease in expected cash flows subsequent to the acquisition of the loans, an allowance for loan losses would be established based on an estimate of future credit losses over the remaining life of the loans. Provision for loan losses on acquired loans for the three months ended March 31, 2017 was $1.9 million of which $734 thousand was related to PCI loans.

The following table presents breakdown of loans by impairment method at March 31, 2017 and December 31, 2016:

	As of March 31, 2017
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	1,465		$	90,381		$	2,856		$	29,440		$	4,450		$	987		$	129,579
Specific allowance	$	—		$	2,560		$	—		$	2,479		$	—		$	40		$	5,079
Allowance coverage ratio	N/A			2.83		%	N/A			8.42		%	N/A			4.05		%	3.92		%
Other loans	$	56,701		$	7,858,463		$	281,322		$	1,667,455		$	138,848		$	419,182		$	10,421,971
General allowance	$	287		$	52,827		$	1,710		$	15,944		$	811		$	2,001		$	73,580
Allowance coverage ratio	0.51		%	0.67		%	0.61		%	0.96		%	0.58		%	0.48		%	0.71		%
Total loans	$	58,166		$	7,948,844		$	284,178		$	1,696,895		$	143,298		$	420,169		$	10,551,550
Total allowance for loan losses	$	287		$	55,387		$	1,710		$	18,423		$	811		$	2,041		$	78,659
Allowance coverage ratio	0.49		%	0.70		%	0.60		%	1.09		%	0.57		%	0.49		%	0.75		%

34

	As of December 31, 2016
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	3,562		$	93,088		$	1,300		$	35,218		$	6,029		$	1,164		$	140,361
Specific allowance	$	—		$	2,002		$	—		$	4,493		$	864		$	50		$	7,409
Allowance coverage ratio	N/A			2.15		%	N/A			12.76		%	14.33		%	4.30		%	5.28		%
Other loans	$	54,322		$	7,749,485		$	252,813		$	1,796,803		$	148,899		$	402,306		$	10,404,628
General allowance	$	209		$	47,915		$	1,621		$	19,054		$	1,033		$	2,102		$	71,934
Allowance coverage ratio	0.38		%	0.62		%	0.64		%	1.06		%	0.69		%	0.52		%	0.69		%
Total loans	$	57,884		$	7,842,573		$	254,113		$	1,832,021		$	154,928		$	403,470		$	10,544,989
Total allowance for loan losses	$	209		$	49,917		$	1,621		$	23,547		$	1,897		$	2,152		$	79,343
Allowance coverage ratio	0.36		%	0.64		%	0.64		%	1.29		%	1.22		%	0.53		%	0.75		%

Under certain circumstances, the Company provides borrowers relief through loan modifications. These modifications are either temporary in nature (“temporary modifications”) or are more substantive. At March 31, 2017, total modified loans were $66.1 million, compared to $70.9 million at December 31, 2016. The temporary modifications generally consist of interest only payments for a three to six month period, whereby principal payments are deferred. At the end of the modification period, the remaining principal balance is re-amortized based on the original maturity date. Loans subject to temporary modifications are generally downgraded to Special Mention or Substandard. At the end of the modification period, the loan either 1) returns to the original contractual terms; 2) is further modified and accounted for as a troubled debt restructuring in accordance with ASC 310-10-35; or 3) is disposed of through foreclosure or liquidation.

Troubled Debt Restructurings (“TDRs”) of loans are defined by ASC 310-40, “Troubled Debt Restructurings by Creditors” and evaluated for impairment in accordance with ASC 310-10-35. The concessions may be granted in various forms, including reduction in the stated interest rate, reduction in the amount of principal amortization, forgiveness of a portion of a loan balance or accrued interest, or extension of the maturity date. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed on the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Bank’s internal underwriting policy.

A summary of the recorded investment of TDRs on accrual and nonaccrual status by type of concession as of March 31, 2017 and December 31, 2016 is presented below:

	As of March 31, 2017
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,249	$	233	$	—	$	16,482	$	2,503	$	1,270	$	—	$	3,773	$	20,255
Maturity / amortization concession	2,302		17,969		4,499		24,770		1,774		4,789		853		7,416		32,186
Rate concession	6,068		1,579		85		7,732		5,567		365		—		5,932		13,664
Total	$	24,619	$	19,781	$	4,584	$	48,984	$	9,844	$	6,424	$	853	$	17,121	$	66,105

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	As of December 31, 2016
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,358	$	29	$	—	$	16,387	$	4,417	$	1,717	$	—	$	6,134	$	22,521
Maturity / amortization concession	1,840		17,471		4,600		23,911		1,313		6,130		2,287		9,730		33,641
Rate concession	6,856		1,665		55		8,576		5,590		387		155		6,132		14,708
Total	$	25,054	$	19,165	$	4,655	$	48,874	$	11,320	$	8,234	$	2,442	$	21,996	$	70,870

TDRs on accrual status are comprised of loans that were accruing at the time of restructuring and for which the Bank anticipates full repayment of both principal and interest under the restructured terms. TDRs that are on nonaccrual status can be returned to accrual status after a period of sustained performance, generally determined to be six months of timely payments as modified.  Sustained performance includes the periods prior to the modification if the prior performance met or exceeded the modified terms. TDRs on accrual status at March 31, 2017 were comprised of 20 commercial real estate loans totaling $24.6 million, 24 commercial business loans totaling $19.8 million, and 24 other loans totaling $4.6 million. TDRs on accrual status at December 31, 2016 were comprised of 20 commercial real estate loans totaling $25.1 million, 23 commercial business loans totaling $19.2 million and 19 other loans totaling $4.7 million. The Company expects that TDRs on accrual status as of March 31, 2017, which were all performing in accordance with their restructured terms, to continue to comply with the restructured terms because of the reduced principal or interest payments on these loans. TDRs that were restructured at market interest rates and had sustained performance as agreed under the modified loan terms may be reclassified as non-TDRs after each year end but are reserved for under ASC 310-10.

The Company has allocated $3.8 million and $5.3 million of specific reserves to TDRs as of March 31, 2017 and December 31, 2016, respectively. 

36

The following table presents the recorded investment of loans modified as TDRs during the three months ended March 31, 2017 and March 31, 2016 by class of loans:

	Three Months Ended March 31, 2017					Three Months Ended March 31, 2016
	Number of Loans	Pre- Modification		Post- Modification		Number of Loans	Pre- Modification		Post- Modification
	(Dollars in thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	$	—	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	1	482		482		—	—		—
Real estate - construction	—	—		—		—	—		—
Commercial business	2	1,681		1,218		6	11,088		7,039
Trade finance	—	—		—		1	2,199		1,586
Consumer and other	—	—		—		—	—		—
Subtotal	3	$	2,163	$	1,700	7	$	13,287	$	8,625
Acquired Loans:
Real estate—commercial
Retail	—	$	—	$	—	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	1	93		97		—	—		—
Real estate—construction	—	—		—		—	—		—
Commercial business	2	649		561		—	—		—
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		1	30		29
Subtotal	3	$	742	$	658	1	$	30	$	29
Total	6	$	2,905	$	2,358	8	$	13,317	$	8,654

For TDRs modified during the three months ended March 31, 2017, the Company recorded totaled $2 thousand in specific reserves. Total charge offs of TDR loans modified during the three months ended March 31, 2017 totaled $131 thousand. TDR loans modified during the three months ended March 31, 2016 had specific reserves of $2.1 million. There were no charge-offs for TDR loans modified during the three months ended March 31, 2016.

37

The following table presents loans modified as TDRs within the previous twelve months and have subsequently had a payment default during the three months ended March 31, 2017:

	Three Months Ended March 31, 2017			Three Months Ended March 31, 2016
	Number of Loans	Balance		Number of Loans	Balance
	(Dollars In thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		2	729
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	102		6	2,272
Trade finance	—	—		—	—
Consumer and other	—	—		—	—
Subtotal	1	$	102	8	$	3,001
Acquired Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		1	62
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	11		—	—
Trade finance	—	—		—	—
Consumer and other	—	—		—	—
Subtotal	1	$	11	1	$	62
Total	2	$	113	9	$	3,063

A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. As of March 31, 2017, the specific reserves totaled $10 thousand for the TDRs that had payment defaults during the three months ended March 31, 2017. The total charge offs for the TDRs that had payment defaults during the three months ended March 31, 2017 was $0.

There was one commercial business Legacy Loan totaling $102 thousand that subsequently defaulted during the three months ended March 31, 2017 that was modified through payment concession. There was one commercial business Acquired Loan totaling $11 thousand that subsequently defaulted during the three months ended March 31, 2017 that was modified through payment concession.

As of March 31, 2016, the specific reserves totaled $144 thousand for the TDRs that had payment defaults during the three months ended March 31, 2016. The total charge offs for the TDRs that had payment defaults during the three months ended March 31, 2016 were $30 thousand.

There were eight Legacy Loans that subsequently defaulted during the three months ended March 31, 2016 that were modified as follows: four Commercial Business loans totaling $2.0 million were modified through payment concessions, two Commercial Business loans totaling $249 thousand were modified through maturity concessions, and two Real Estate Commercial loans totaling $729 thousand were modified through maturity concessions. There was one Acquired Loan totaling $62 thousand that defaulted during the three months ended March 31, 2016 that was modified through payment concession.

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Covered Assets

On April 16, 2010, the Department of Financial Institutions closed Innovative Bank, California, and appointed the FDIC as its receiver. On the same date, the Company assumed the banking operations of Innovative Bank from the FDIC under a purchase and assumption agreement and two related loss sharing agreements with the FDIC. These agreements provide for the sharing of losses and recoveries on the covered assets. The loss sharing provisions of the agreements expired on June 30, 2015, however, the Company will continue to reimburse the FDIC for recoveries on its covered assets until June 30, 2018. In addition, recently acquired Wilshire Bank had a loss sharing agreement with the FDIC related to loans acquired from Mirae Bank which was assumed by the Company in the acquisition of Wilshire in July 2016. The loss sharing agreement related to Wilshire with respect to losses on loans acquired from Mirae Bank expired in June 2014, however, the Company continued to reimburse the FDIC for recoveries on former Mirae Bank loans until June 2017. Under the terms of the agreements, the Company’s FDIC clawback liability was $2.0 million as of March 31, 2017.

Covered nonperforming assets totaled $1.6 million and $2.5 million at March 31, 2017 and December 31, 2016, respectively. These covered nonperforming assets are subject to the loss sharing agreements with the FDIC. The covered nonperforming assets at March 31, 2017 and December 31, 2016 were as follows:

	March 31, 2017		December 31, 2016
	(Dollars in thousands)
Covered loans on nonaccrual status	$	181	$	189
Covered OREO	1,400		2,306
Total covered nonperforming assets	$	1,581	$	2,495
Acquired covered loans	$	32,010	$	32,367

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8.    Deposits

The aggregate amount of time deposits in denominations of $250,000 or more at March 31, 2017 and December 31, 2016, was $1.56 billion and $1.55 billion, respectively. Included in time deposits of $250,000 or more were $300.0 million in California State Treasurer’s deposits at March 31, 2017 and December 31, 2016. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. The Company is required to pledge eligible collateral of at least 110% of outstanding deposits. At March 31, 2017 and December 31, 2016, securities with carrying values of approximately $355.7 million and $371.6 million, respectively, were pledged as collateral for the California State Treasurer’s deposit.

The Company also utilizes brokered deposits as a secondary source of funds. Total brokered deposits at March 31, 2017 and December 31, 2016, totaled $714.4 million and $724.7 million, respectively.

40

9.    Borrowings

The Company maintains a line of credit with the FHLB of San Francisco for use as a secondary source of funds. The borrowing capacity with the FHLB is limited to the lower of 25% of the Bank’s total assets or the Bank’s collateral capacity, which was $3.36 billion at March 31, 2017, and $3.38 billion at December 31, 2016. The terms of this credit facility require the Company to pledge eligible collateral with the FHLB equal to at least 100% of outstanding advances.

At March 31, 2017 and December 31, 2016, real estate secured loans with a carrying amount of approximately $5.50 billion and $5.53 billion, respectively, were pledged at the FHLB. At March 31, 2017 and December 31, 2016, other than FHLB stock, no securities were pledged as collateral at FHLB.

At March 31, 2017 and December 31, 2016, FHLB advances totaled $703.9 million and $754.3 million, respectively, had weighted average effective interest rates of 1.29% and 1.22%, respectively, and had various maturities through July 2021. The Company had a putable advance at March 31, 2017 and December 31, 2016, totaling $20.1 million and $20.2 million, respectively, with a quarterly put date. The stated rate of FHLB advances as of March 31, 2017 ranged between 0.84% and 2.02%. At March 31, 2017, the Company’s remaining borrowing capacity with the FHLB was $2.64 billion.

At March 31, 2017, the contractual maturities for FHLB advances were as follows:

	Contractual Maturities		Maturity/ Put Date
	(Dollars in thousands)
Due within one year	$	220,103	$	220,103
Due after one year through five years	483,747		483,747
Total	$	703,850	$	703,850

As a member of the FRB system, the Bank may also borrow from the FRB of San Francisco. The maximum amount that the Bank may borrow from the FRB’s discount window is up to 95% of the outstanding principal balance of the qualifying loans and the fair value of the securities that are pledged. At March 31, 2017, the outstanding principal balance of the qualifying loans was $651.7 million, and the fair value of investment securities was $5.7 million. There were no borrowings outstanding against this line as of March 31, 2017 and December 31, 2016.

41

10.    Subordinated Debentures

At March 31, 2017, the Company had nine wholly owned subsidiary grantor trusts that had issued $126.0 million of pooled trust preferred securities. Trust preferred securities accrue and pay distributions periodically at specified annual rates as provided in the indentures. The trusts used the net proceeds from the offering to purchase a like amount of subordinated debentures (the “Debentures”). The Debentures are the sole assets of the trusts. The Company’s obligations under the subordinated debentures and related documents, taken together, constitute a full and unconditional guarantee by the Company of the obligations of the trusts. The trust preferred securities are mandatorily redeemable upon the maturity of the Debentures, or upon earlier redemption as provided in the indentures. The Company now has the right to redeem the Debentures in whole (but not in part) on a quarterly basis at a redemption price specified in the indentures plus any accrued but unpaid interest to the redemption date. The Company also has a right to defer consecutive payments of interest on the debentures for up to five years.

The following table is a summary of trust preferred securities and Debentures at March 31, 2017:

Issuance Trust	Issuance Date	Trust Preferred Security Amount		Carrying Value of Subordinated Debentures		Rate Type	Current Rate	Maturity Date
		(Dollars in thousands)
Nara Capital Trust III	06/05/2003	$	5,000	$	5,155	Variable	4.28%	06/15/2033
Nara Statutory Trust IV	12/22/2003	5,000		5,155		Variable	3.87%	01/07/2034
Nara Statutory Trust V	12/17/2003	10,000		10,310		Variable	4.10%	12/17/2033
Nara Statutory Trust VI	03/22/2007	8,000		8,248		Variable	2.78%	06/15/2037
Center Capital Trust I	12/30/2003	18,000		13,684		Variable	3.87%	01/07/2034
Wilshire Statutory Trust II	03/17/2005	20,000		15,158		Variable	2.94%	03/17/2035
Wilshire Statutory Trust III	09/15/2005	15,000		10,635		Variable	2.53%	09/15/2035
Wilshire Statutory Trust IV	07/10/2007	25,000		17,275		Variable	2.51%	09/15/2037
Saehan Capital Trust I	03/30/2007	20,000		14,447		Variable	2.77%	06/30/2037
Total		$	126,000	$	100,067

The Company’s investment in the common trust securities of the issuer trusts was $3.9 million at March 31, 2017 and is included in other assets. Although the subordinated debt issued by the trusts are not included as a component of stockholders’ equity in the consolidated balance sheets, the debt is treated as capital for regulatory purposes. The trust preferred security debt issuances are includable in Tier I capital up to a maximum of 25% of capital on an aggregate basis. Any amount that exceeds 25% qualifies as Tier 2 capital.

42

11.    Derivative Financial Instruments

The Company offers a loan hedging program to certain loan customers. Through this program, the Company originates a variable rate loan with the customer. The Company and the customer will then enter into a fixed interest rate swap. Lastly, an identical offsetting swap is entered into by the Company with a correspondent bank. These “back-to-back” swap arrangements are intended to offset each other and allow the Company to book a variable rate loan, while providing the customer with a contract for fixed interest payments. In these arrangements, the Company’s net cash flow is equal to the interest income received from the variable rate loan originated with the customer. These customer swaps are not designated as hedging instruments and are recorded at fair value in other assets and other liabilities. The changes in fair value are recognized in the income statement in other income and fees.

At March 31, 2017 and December 31, 2016, the following interest rate swaps related to our loan hedging program were outstanding:

	As of March 31, 2017			As of December 31, 2016
	(Dollars in thousands)
Interest rate swaps on loans with loan customers
Notional amount	$	263,153		$	223,098
Weighted average remaining term	7.6 years			7.4 years
Received fixed rate (weighted average)	4.34		%	4.29		%
Pay variable rate (weighted average)	3.21		%	3.06		%
Estimated fair value	$	(1,623	)	$	(1,565	)
Back to back interest rate swaps with correspondent banks
Notional amount	$	263,153		$	223,098
Weighted average remaining term	7.6 years			7.4 years
Received variable rate (weighted average)	3.21		%	3.06		%
Pay fixed rate (weighted average)	4.34		%	4.29		%
Estimated fair value	$	1,623		$	1,565

Subsequent to the acquisition of Wilshire, the Company began to enter into various stand-alone mortgage-banking derivatives in order to hedge the risk associated with the fluctuation of interest rates. Changes in fair value are recorded as mortgage banking revenue. Residential mortgage loans funded with interest rate lock commitments and forward commitments for the future delivery of mortgage loans to third party investors are considered derivatives. At March 31, 2017, we had approximately $17.5 million in interest rate lock commitments and $6.8 million in total forward sales commitments for the future delivery of residential mortgage loans. At December 31, 2016, we had approximately $23.7 million in interest rate lock commitments and $13.0 million in total forward sales commitments for the future delivery of residential mortgage loans.

The following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

	As of March 31, 2017					As of December 31, 2016
(Dollars in thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Assets:
Interest rate lock commitments	$	6,801	$	113		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	626	$	—		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	—	$	—		$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	6,175	$	(40	)	$	9,755	$	(38	)

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12.    Commitments and Contingencies

In the normal course of business, we are a party to financial instruments with off-balance sheet risk that are used to meet the financing needs of our customers. These financial instruments include commitments to extend credit, standby letters of credit, commercial letters of credit, commitments to fund investments in affordable housing partnerships, mortgage derivatives, and operating lease commitments. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. Our exposure to credit loss in the event of nonperformance on commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for extending loan facilities to customers. We evaluate each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on our credit evaluation of the counterparty. The types of collateral that we may hold can vary and may include accounts receivable, inventory, property, plant and equipment, and income-producing properties.

Commitments at March 31, 2017 and December 31, 2016 are summarized as follows:

	March 31, 2017		December 31, 2016
	(Dollars in thousands)
Commitments to extend credit	$	1,648,190	$	1,592,221
Standby letters of credit	63,349		63,753
Other letters of credit	71,573		52,125
Commitments to fund investments in affordable housing partnerships	31,530		24,409
Interest rate lock	17,504		23,749
Forward sale commitments	6,801		12,978
Operating lease commitments	53,954		51,059

In the normal course of business, we are involved in various legal claims. We have reviewed all legal claims against us with counsel and have taken into consideration the views of such counsel as to the potential outcome of the claims. Loss contingencies for all legal claims totaled $412 thousand at March 31, 2017 and $557 thousand at December 31, 2016. It is reasonably possible we may incur losses in addition to the amounts we have accrued. However, at this time, we are unable to estimate the range of additional losses that are reasonably possible because of a number of factors, including the fact that certain of these litigation matters are still in their early stages and involve claims that we believe have little to no merit. Management has considered these and other possible loss contingencies and does not expect the amounts to be material to any of the consolidated financial statements.

44

13.    Goodwill, Intangible Assets, and Servicing Assets

Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. At December 31, 2016, management assessed the qualitative factors related to goodwill for the year to determine whether it was more-likely-than-not that the fair value was less than its carrying amount. Based on the analysis of these factors, management determined that it was more-likely-than-not that the fair value of goodwill exceeded the carrying value and that the two-step impairment test was not needed. Goodwill is not amortized for book purposes and is not tax deductible.

The carrying amount of the Company’s goodwill as of March 31, 2017 and December 31, 2016 was $464.0 million, and $463.0 million, respectively. There was no impairment of goodwill during the three months ended March 31, 2017. Goodwill recorded in the third quarter of 2016 from the acquisition of Wilshire totaled $359.0 million. During the fourth quarter of 2016, the Company made a net adjustment of $1.4 million to the deferred tax assets and taxes receivable acquired from Wilshire which reduced the previous goodwill recorded from the transaction by $1.4 million. Subsequently in the first quarter of 2017, the Company made a net adjustment of $978 thousand to OREO and deferred tax assets acquired from Wilshire which increased goodwill recorded from the Wilshire transaction by $978 thousand. These adjustments were made to reflect new information obtained about facts and circumstances that existed as of the acquisition date in accordance with ASC 805-10-25-13. At March 31, 2017, goodwill related to the acquisition of Wilshire totaled $358.6 million.

Core deposit intangible assets are amortized over their estimated lives, which range from seven to ten years. Amortization expense related to core deposit intangible assets totaled $676 thousand and $212 thousand for the three months ended March 31, 2017 and 2016, respectively. The following table provides information regarding the core deposit intangibles at March 31, 2017:

		As of March 31, 2017
	Amortization period	Gross Carrying Amount		Accumulated Amortization
		(Dollars in thousands)
Core deposit—Center Financial acquisition	7 years	$	4,100	$	(3,755	)
Core deposit—PIB acquisition	7 years	604		(484		)
Core deposit—Foster acquisition	10 years	2,763		(1,417		)
Core deposit—Wilshire acquisition	10 years	18,138		(1,399		)
Total		$	25,605	$	(7,055	)

Servicing assets are recognized when SBA or residential mortgage loans are sold with servicing retained with the income statement effect recorded in net gains on sales of SBA and other loans. Servicing assets are initially recorded at fair value based on the present value of the contractually specified servicing fee, net of servicing costs, over the estimated life of the loan, using a discount rate based on the related note rate. The Company’s servicing costs approximates the industry average servicing costs. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans.

Management periodically evaluates servicing assets for impairment based upon the fair value of the rights as compared to the carrying amount. Impairment is determined by stratifying rights into groupings based on loan type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. As of March 31, 2017 and December 31, 2016, the Company did not have a valuation allowance for servicing assets.

45

The changes in servicing assets for the three months ended March 31, 2017 and 2016 were as follows:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	26,457		$	12,000
Additions through originations of servicing assets	1,296			777
Amortization	(1,812		)	(921		)
Balance at end of period	$	25,941		$	11,856

Loans serviced for others are not reported as assets. The principal balances of loans serviced for other institutions were $1.5 billion as of March 31, 2017 and $1.5 billion as of December 31, 2016.

The Company utilizes the discounted cash flow method to calculate the initial excess servicing assets. The inputs used in determining the impairment of the servicing assets at March 31, 2017 and December 31, 2016 are presented below.

	March 31, 2017	December 31, 2016
SBA Servicing Assets:
Weighted-average discount rate	10.29%	9.85%
Constant prepayment rate	8.18%	8.05%
Mortgage Servicing Assets:
Weighted-average discount rate	9.66%	7.25%
Constant prepayment rate	7.71%	13.77%

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14.    Income Taxes

For the first quarter of 2017, the Company had an income tax provision totaling $23.0 million on pretax income of $59.2 million, representing an effective tax rate of 38.84%, compared with an income tax provision of $16.2 million on pretax income of $39.8 million, representing an effective tax rate of 40.69% for the first quarter of 2016.

A reconciliation of the difference between the federal statutory income tax rate and the effective tax rate is shown in the following table for the three months ended March 31, 2017 and March 31, 2016:

	March 31, 2017		March 31, 2016
Statutory tax rate	35.00	%	35.00	%
State taxes-net of federal tax effect	7.18	%	7.32	%
Affordable housing partnership investment tax credit	(2.93	)%	(1.29	)%
Bank owned life insurance	(0.16	)%	(0.24	)%
Municipal securities	(0.25	)%	(0.21	)%
Nondeductible transaction costs	0.08	%	0.48	%
Other	(0.08	)%	(0.37	)%
Effective income tax rate	38.84	%	40.69	%

The Company and its subsidiaries are subject to U.S. federal income tax, as well as state income taxes. The Company had total unrecognized tax benefits of $2.2 million at March 31, 2017 and December 31, 2016 that relate to uncertainties associated with federal and state income tax matters. Other than the accrued interest of $100 thousand related to uncertain tax positions from an acquired entity, the Company recognizes interest and penalties on income tax matters in income tax expense. The Company recorded approximately $331 thousand and $306 thousand for accrued interest and penalties (no portion was related to penalties) at March 31, 2017 and December 31, 2016, respectively.

Management believes it is reasonably possible that the unrecognized tax benefits may decrease by approximately $1.0 million in the next twelve months.

The statute of limitations for the assessment of income taxes related to the consolidated Federal income tax returns is closed for all tax years up to and including 2012. The expiration of the statute of limitations for the assessment of income and franchise taxes related to the various state income and franchise tax returns varies by state. The Company is currently under examination by the California Franchise Tax Board (FTB) for the 2011, 2012 and 2013 tax years and by the New York State Department of Taxation and Finance for the 2013, 2014, and 2015 tax years. Wilshire Bancorp, Inc., an acquired entity, is currently under examination by the California Franchise Tax Board (FTB) for the 2011, 2012, and 2013 tax years and by the New York State Department of Taxation and Finance for the 2011, 2012, 2013, and 2014 tax years. While the outcome of the examinations is unknown, the Company expects no material adjustments.

Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluates both positive and negative evidence, including the existence of any cumulative losses in the current year and the prior two years, the amount of taxes paid in available carry-back years, the forecasts of future income, applicable tax planning strategies, and assessments of current and future economic and business conditions. This analysis is updated quarterly and adjusted as necessary. Based on the analysis, the Company has determined that a valuation allowance for deferred tax assets was not required as of March 31, 2017.

The Company adopted ASU 2016-09 , “Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting” during the first quarter of 2017. As a result of the adoption, the Company recorded $73 thousand of income tax benefits for the three months ended March 31, 2017 related to excess tax benefits from stock compensation. Prior to 2017, such excess tax benefits were generally recorded in additional paid-in capital as part of stockholders’ equity. This new accounting standard may potentially increase the volatility in the Company’s effective tax rates in future quarters.

47

15.    Fair Value Measurements

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value. The fair value inputs of the instruments are classified and disclosed in one of the following categories pursuant to ASC 820:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The quoted price shall not be adjusted for any blockage factor (i.e., size of the position relative to trading volume).

Level 2 - Pricing inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Fair value is determined through the use of models or other valuation methodologies, including the use of pricing matrices. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 - Pricing inputs are unobservable for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The inputs into the determination of fair value require significant management judgment or estimation.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

The Company uses the following methods and assumptions in estimating fair value disclosures for financial instruments. Financial assets and liabilities recorded at fair value on a recurring and non-recurring basis are listed as follows:

Securities Available for Sale

The fair values of securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).

The fair values of the Company’s Level 3 securities available for sale were measured using an income approach valuation technique. The primary inputs and assumptions used in the fair value measurement were derived from the securities’ underlying collateral, which included discount rates, prepayment speeds, payment delays, and an assessment of the risk of default of the underlying collateral, among other factors. Significant increases or decreases in any of the inputs or assumptions would result in a significant increase or decrease in the fair value measurement.

Interest Rate Swaps

The Company offers interest rate swaps to certain loan customers to allow them to hedge the risk of rising interest rates on their variable rate loans. The Company originates a variable rate loan and enters into a variable-to-fixed interest rate swap with the customer. The Company also enters into an offsetting swap with a correspondent bank. These back-to-back agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. The fair value of these derivatives is based on a discounted cash flow approach. Due to the observable nature of the inputs used in deriving the fair value of these derivative contracts, the valuation of interest rate swaps is classified as Level 2.

Impaired Loans

The fair values of impaired loans are generally measured for impairment using the practical expedients permitted by FASB ASC 310-10-35 including impaired loans measured at an observable market price (if available), or at the fair value of the loan’s collateral (if the loan is collateral dependent). Fair value of the loan’s collateral, when the loan is dependent on collateral, is determined by appraisals or independent valuation, less costs to sell of 8.5%. For commercial and industrial and asset backed loans, independent valuations may be comprised of a 20-60% discount for eligible accounts receivable and a 50-70% discount for inventory. These result in a Level 3 classification.

OREO

OREO is fair valued at the time the loan is foreclosed upon and the asset is transferred to OREO. The value is based primarily on third party appraisals, less costs to sell of 8.5% and result in a Level 3 classification of the inputs for determining fair value.

48

OREO is reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted to lower of cost or market accordingly, based on the same factors identified above.

Loans held for sale

Loans held for sale are carried at the lower of cost or fair value, as determined by outstanding commitments from investors, or based on recent comparable sales (Level 2 inputs), if available, and if not available, are based on discounted cash flows using current market rates applied to the estimated life and credit risk (Level 3 inputs) or may be assessed based upon the fair value of the collateral, which is obtained from recent real estate appraisals (Level 3 inputs). These appraisals may utilize a single valuation approach or a combination of approaches including the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in Level 3 classification of the inputs for determining fair value.

Mortgage banking derivatives

Mortgage banking derivative instruments consist of interest rate lock commitments and forward sale contracts that trade in liquid markets. The fair value is based on the prices available from third party investors. Due to the observable nature of the inputs used in deriving the fair value, the valuation of mortgage banking derivatives are classified as Level 2.

Assets and liabilities measured at fair value on a recurring basis are summarized below:

				Fair Value Measurements at the End of the Reporting Period Using
	March 31, 2017			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	9,998		$	—	$	9,998		$	—
GSE collateralized mortgage obligations (residential)	726,619			—		726,619			—
GSE mortgage-backed securities (residential)	732,692			—		732,692			—
Corporate securities	4,313			—		4,313			—
Municipal securities	97,254			—		96,126			1,128
Mutual funds	13,070			13,070		—			—
Interest rate swaps	(1,623		)	—		(1,623		)	—
Mortgage banking derivatives	113			—		113			—
Liabilities:
Interest rate swaps	(1,623		)	—		(1,623		)	—
Mortgage banking derivatives	40			—		40			—

49

				Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	12,008		$	—	$	12,008		$	—
GSE collateralized mortgage obligations (residential)	705,667			—		705,667			—
GSE mortgage-backed securities (residential)	728,041			—		728,041			—
Corporate securities	11,127			—		11,127			—
Municipal securities	86,839			—		85,700			1,139
Mutual funds	13,058			13,058		—			—
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	147			—		147			—
Liabilities:
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	41			—		41			—

There were no transfers between Level 1, 2 and 3 during the three months ended March 31, 2017 and 2016. There were no gains or losses recognized in earnings during the three months ended March 31, 2017 and 2016.

The following table reflects the notional amount and fair value of mortgage banking derivatives for the date indicated:

	As of March 31, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	6,801	$	113		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	626	$	—		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	—	$	—		$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	6,175	$	(40	)	$	9,755	$	(38	)

The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2017:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Beginning Balance, January 1	$	1,139		$	1,166
Total (losses) or gains included in other comprehensive income	(11		)	43
Ending Balance, March 31	$	1,128		$	1,209

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The Company measures certain assets at fair value on a non-recurring basis including impaired loans (excluding PCI loans), loans held for sale, and OREO.  These fair value adjustments result from impairments recognized during the period, application of the lower of cost or fair value on loans held for sale, the application of fair value less cost to sell on OREO.

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements at the End of the Reporting Period Using
	March 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	65,125	$	—	$	—	$	65,125
Commercial business	9,407		—		—		9,407
Trade finance	4,365		—		—		4,365
Consumer	97		—		—		97
Loans held for sale, net	6,571		—		6,571		—
OREO	19,096		—		—		19,096

			Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	58,882	$	—	$	—	$	58,882
Commercial business	6,563		—		—		6,563
Trade Finance	—		—		—		—
Consumer	253		—		—		253
Impaired loans held for sale, net	3,788		—		3,788		—
OREO	21,990		—		—		21,990

For assets measured at fair value on a non-recurring basis, the total net gains (losses), which include charge offs, recoveries, specific reserves, and recognized gains and losses on sales are summarized below:

	For the Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	(2,002	)	$	309
Commercial business	(974		)	(2,672		)
Trade Finance	(712		)	1,296
Consumer	(266		)	(62		)
Impaired loans held for sale, net	420			15
OREO	(595		)	(577		)

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Fair Value of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at March 31, 2017 and December 31, 2016 were as follows:

	March 31, 2017
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	461,068	$	461,068	Level 1
Interest bearing deposits in other financial institutions and   other investments	43,958		43,630		Level 2/3
Loans held for sale	19,141		20,291		Level 2
Loans receivable—net	10,471,008		10,633,834		Level 3
FHLB stock	21,203		N/A		N/A
Accrued interest receivable	25,683		25,683		Level 2/3
Customers’ liabilities on acceptances	2,771		2,771		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,963,947	$	2,963,947	Level 2
Saving and other interest bearing demand deposits	3,771,155		3,771,155		Level 2
Time deposits	3,968,675		3,963,545		Level 2
FHLB advances	703,850		698,287		Level 2
Subordinated debentures	100,067		100,067		Level 2
Accrued interest payable	10,592		10,592		Level 2
Servicing Assets	25,941		25,941		Level 3
Acceptances outstanding	2,771		2,771		Level 2
	December 31, 2016
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	437,334	$	437,334	Level 1
Interest bearing deposits in other financial institutions and   other investments	44,202		43,773		Level 2/3
Loans held for sale	22,785		24,492		Level 2
Loans receivable—net	10,463,989		10,666,642		Level 3
FHLB stock	21,964		N/A		N/A
Accrued interest receivable	26,880		26,880		Level 2/3
Customers’ liabilities on acceptances	2,899		2,899		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,900,241	$	2,900,241	Level 2
Saving and other interest bearing demand deposits	3,703,352		3,703,352		Level 2
Time deposits	4,038,442		4,036,664		Level 2
FHLB advances	754,290		749,486		Level 2
Subordinated debentures	99,808		99,808		Level 2
Accrued interest payable	10,863		10,863		Level 2
Servicing Assets	26,457		26,457		Level 3
Acceptances outstanding	2,899		2,899		Level 2

52

The methods and assumptions used to estimate fair value are described as follows:

The carrying amount is the estimated fair value for cash and cash equivalents, savings and other interest bearing demand deposits, customer’s and Bank’s liabilities on acceptances, noninterest bearing deposits, short-term debt, secured borrowings and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans or deposits and for variable rate loans or deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. The allowance for loan losses is considered to be a reasonable estimate of discount for credit quality concerns. Fair value of SBA loans held for sale is based on market quotes. For fair value of non-SBA loans held for sale, see the measurement method discussed previously. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates, prepayment speeds, and delinquency rate assumptions as inputs. Fair value of time deposits and debt is based on current rates for similar financing. It was not practicable to determine the fair value of FRB stock or FHLB stock due to restrictions placed on their transferability. The fair value of commitments to fund loans represents fees currently charged to enter into similar agreements with similar remaining maturities and is not presented herein. The fair value of these financial instruments is not material to the consolidated financial statements.

16.    Stockholders’ Equity

On July 29, 2016 the Company acquired Wilshire in an all-stock transaction. Pursuant to the merger agreement, Wilshire shareholders received 0.7034 shares of the Company’s common stock for each share of Wilshire stock owned. Based on this exchange ratio, 55.5 million shares of the Company’s common stock were issued to Wilshire shareholders at $15.37 per share, the closing price of the Company’s stock on July 29, 2016. As a result, $852.9 million in common stock was issued as consideration in the transaction and $3.4 million in additional paid-in capital was recorded to account for the fair value of stock options assumed. Total stockholders’ equity at March 31, 2017 was $1.88 billion, compared to $1.86 billion at December 31, 2016.

The Company assumed certain warrants (related to the TARP Capital Purchase Plan) to purchase shares of the Company’s common stock. On May 20, 2015, the U.S. Treasury Department completed an auction to sell certain of its warrant positions, and the Company submitted the winning bid to repurchase an outstanding warrant to purchase 350,767 shares of the Company’s common stock. The Company repurchased this warrant for $1.2 million. As of March 31, 2017, the U.S. Treasury Department held one remaining warrant for the purchase of 19,963 shares of the Company’s common stock.

The Company paid a quarterly dividend of $0.12 per common share for the first quarter of 2017 compared to $0.11 per common share for the first quarter of 2016.

The following table presents the quarterly changes to accumulated other comprehensive (loss) income for the three months ended March 31, 2017 and March 31, 2016:

	Three months ended,
	March 31, 2017			March 31, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(14,657	)	$	(1,832	)
Unrealized gains on securities available for sale and interest only strips	3,132			15,592
Tax effect	1,324			6,605
Total other comprehensive income	1,808			8,987
Balance at end of period	$	(12,849	)	$	7,155

For the three months ended March 31, 2017 and March 31, 2016 there were no reclassifications out of accumulated other comprehensive (loss) income.

53

17.    Regulatory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material and adverse effect on the Company’s and the Bank’s business, financial condition and results of operation, such as restrictions on growth or the payment of dividends or other capital distributions or management fees. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

In July, 2013, the federal bank regulatory agencies adopted final regulations, which revised their risk-based and leverage capital requirements for banking organizations to meet requirements of Dodd-Frank and to implement Basel III international agreements reached by the Basel Committee. The final rules began for the Company and the Bank on January 1, 2015 and are subject to a phase-in period through January 1, 2019. The final rules that had an impact on the Company and the Bank include:

• An increase in the minimum Tier 1 capital ratio from 4.00% to 6.00% of risk-weighted assets;

• A new category and a required 4.50% of risk-weighted assets ratio is established for “Common Equity Tier 1” as a subset of Tier 1 capital limited to common equity;

• A minimum non-risk-based leverage ratio is set at 4.00%, eliminating a 3.00% exception for higher rated banks;

• Changes in the permitted composition of Tier 1 capital to exclude trust preferred securities, mortgage servicing rights and certain deferred tax assets and include unrealized gains and losses on available for sale debt and equity securities;

• The risk-weights of certain assets for purposes of calculating the risk-based capital ratios are changed for high volatility commercial real estate acquisition, development and construction loans, certain past due non-residential mortgage loans and certain mortgage-backed and other securities exposures; and

• A new additional capital conservation buffer of 2.5% of risk weighted assets over each of the required capital ratios is being phased in from 2016 to 2019 and must be met to avoid limitations on the ability of the Bank to pay dividends, repurchase shares, or pay discretionary bonuses. The capital conservation buffer for the Company was initially 0.625% in 2016, and increases 0.625% annually until 2019. As ofMarch 31, 2017, the capital conservation buffer for the Company stood at 1.25%.

As of March 31, 2017, the ratios for the Company and the Bank are sufficient to meet the fully phased-in conservation buffer.

As of March 31, 2017 and December 31, 2016, the most recent regulatory notification categorized the Bank as “well-capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well-capitalized”, the Bank must maintain minimum total risk-based, Tier I risk-based, common equity Tier 1, and Tier I leverage ratios as set forth in the following table. There are no conditions or events since the notification from regulators that management believes has changed the institution’s category. As of March 31, 2017 and December 31, 2016, the Company and Bank met all capital adequacy requirements to which they are subject to.

54

The Company’s and the Bank’s capital amounts and ratios are presented in the table below:

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of March 31, 2017
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,413,592	12.22	%	$	520,711	4.50	%	$	665,353	5.75	%	N/A		N/A
Bank	$	1,489,239	12.88	%	$	520,425	4.50	%	$	664,987	5.75	%	$	751,724	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,591,852	13.76	%	$	925,708	8.00	%	$	1,070,350	9.25	%	N/A		N/A
Bank	$	1,571,333	13.59	%	$	925,199	8.00	%	$	1,069,762	9.25	%	$	1,156,499	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,509,758	13.05	%	$	694,281	6.00	%	$	838,923	7.25	%	N/A		N/A
Bank	$	1,489,239	12.88	%	$	693,899	6.00	%	$	838,462	7.25	%	$	925,199	8.00	%
Tier I capital (to average assets):
Company	$	1,509,758	11.72	%	$	515,352	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,489,239	11.56	%	$	515,212	4.00	%	N/A		N/A		$	644,014	5.00	%

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of December 31, 2016
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,400,246	12.10	%	$	520,917	4.50	%	$	593,267	5.13	%	N/A		N/A
Bank	$	1,475,228	12.75	%	$	520,631	4.50	%	$	592,941	5.13	%	$	752,022	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,578,690	13.64	%	$	926,076	8.00	%	$	998,425	8.63	%	N/A		N/A
Bank	$	1,557,765	13.46	%	$	925,566	8.00	%	$	997,876	8.63	%	$	1,156,957	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,496,153	12.92	%	$	694,557	6.00	%	$	766,906	6.63	%	N/A		N/A
Bank	$	1,475,228	12.75	%	$	694,174	6.00	%	$	766,484	6.63	%	$	925,566	8.00	%
Tier I capital (to average assets):
Company	$	1,496,153	11.49	%	$	520,947	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,475,228	11.33	%	$	520,903	4.00	%	N/A		N/A		$	651,129	5.00	%

55

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A)

The following discussion and analysis should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2016 and the unaudited consolidated financial statements and notes set forth elsewhere in this Quarterly Report on Form 10-Q.

GENERAL

Selected Financial Data

The following tables set forth a performance overview concerning the periods indicated and should be read in conjunction with the unaudited consolidated financial statements and notes set forth elsewhere in this Quarterly Report on Form 10-Q and the following Results of Operations and Financial Condition sections in the MD&A.

	At or for the Three Months Ended March 31,
	2017			2016
	(Dollars in thousands, except share and per share data)
Income Statement Data:
Interest income	$	132,743		$	83,461
Interest expense	17,838			11,854
Net interest income	114,905			71,607
Provision for loan losses	5,600			500
Net interest income after provision for loan losses	109,305			71,107
Noninterest income	17,603			8,775
Noninterest expense	67,699			40,049
Income before income tax provision	59,209			39,833
Income tax provision	22,999			16,210
Net income	$	36,210		$	23,623
Per Share Data:
Earnings per common share - basic	$	0.27		$	0.30
Earnings per common share - diluted	$	0.27		$	0.30
Book value per common share (period end)	$	13.89		$	12.09
Cash dividends declared per common share	$	0.12		$	0.11
Tangible book value per common share (period end) (9)	$	10.32		$	10.73
Number of common shares outstanding (period end)	135,248,185			79,597,106
Weighted average shares - basic	135,248,018			79,583,188
Weighted average shares - diluted	135,768,645			79,613,245
Tangible common equity to tangible assets	10.74		%	10.73		%
Average Balance Sheet Data:
Assets	$	13,335,727		$	7,875,940
Securities available for sale	1,567,497			1,016,865
Loans receivable and loans held for sale	10,381,771			6,269,428
Deposits	10,608,111			6,290,704
Stockholders’ equity	1,868,998			945,634

56

	For the Three Months Ended March 31,
	2017			2016
Selected Performance Ratios:
Return on average assets (1)	1.09		%	1.20		%
Return on average stockholders’ equity (1)	7.75		%	9.99		%
Return on average tangible equity (1) (8)	10.44		%	11.28		%
Dividend payout ratio (dividends per share / earnings per share)	44.91		%	36.67		%
Efficiency ratio (2)	51.09		%	49.82		%
Net interest spread	3.50		%	3.56		%
Net interest margin (3)	3.77		%	3.84		%
	At March 31,
	2017			2016
	(Dollars in thousands)
Statement of Financial Condition Data - at Period End:
Assets	$	13,481,429		$	8,063,752
Securities available for sale	1,583,946			1,087,897
Loans receivable	10,549,667			6,371,935
Deposits	10,703,777			6,467,411
FHLB advances	703,850			530,495
Subordinated debentures	100,067			42,371
Stockholders’ equity	1,878,047			961,982
Regulatory Capital Ratios (4)
Leverage capital ratio (5)	11.72		%	11.44		%
Tier 1 risk-based capital ratio	13.05		%	12.54		%
Total risk-based capital ratio	13.76		%	13.64		%
Common equity tier 1 capital ratio (10)	12.22		%	11.96		%
Asset Quality Ratios:
Allowance for loan losses to loans receivable	0.75		%	1.21		%
Allowance for loan losses to nonaccrual loans	212.54		%	176.49		%
Allowance for loan losses to nonperforming loans(6)	91.18		%	79.77		%
Allowance for loan losses to nonperforming assets(7)	74.65		%	66.17		%
Nonaccrual loans to loans receivable	0.35		%	0.68		%
Nonperforming loans to loans receivable (6)	0.82		%	1.51		%
Nonperforming assets to loans receivable and OREO (7)	1.00		%	1.82		%
Nonperforming assets to total assets (7)	0.78		%	1.44		%

__________________________________

⁽¹⁾  Annualized.

⁽²⁾  Efficiency ratio is defined as noninterest expense divided by the sum of net interest income before provision for loan losses and noninterest income.

⁽³⁾  Net interest margin is calculated by dividing annualized net interest income by average total interest earning assets.

⁽⁴⁾  The ratios generally required to meet the definition of a “well-capitalized” institution under certain banking regulations are 5.0% leverage capital, 8.0% tier I risk-based capital, 10.0% total risk-based capital, and 6.5% common equity tier 1 capital.

⁽⁵⁾  Calculations are based on average quarterly asset balances.

⁽⁶⁾  Nonperforming loans include nonaccrual loans, Legacy and acquired loans past due 90 days or more and still accruing interest, and accruing restructured loans.

⁽⁷⁾  Nonperforming assets consist of nonperforming loans and OREO.

⁽⁸⁾  Average tangible equity is calculated by subtracting average goodwill and average core deposit intangibles assets from average stockholders’ equity. This is a non-GAAP measure that we believe provides investors with information that is useful in understanding our financial performance and position.

57

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Net income	$	36,210		$	23,623
Average stockholders’ equity	$	1,868,998		$	945,634
Less: Average goodwill and core deposit intangible assets, net	(481,983		)	(108,120		)
Average tangible equity	$	1,387,015		$	837,514
Net income (annualized) to average tangible equity	10.44		%	11.28		%

	March 31, 2017			March 31, 2016
	(Dollars in thousands, except share data)
Total stockholders’ equity	$	1,878,047		$	961,982
Less: Goodwill and core deposit intangible assets, net	(482,525		)	(108,008		)
Tangible common equity	$	1,395,522		$	853,974
Common shares outstanding	135,248,185			79,597,106
Tangible book value per common share*	$	10.32		$	10.73

__________________________________

* Tangible book value per common share is calculated by subtracting goodwill and core deposit intangible assets from total stockholders’ equity and dividing the difference by the number of shares of common stock outstanding. This is a non-GAAP measure that we believe provides investors with information that is useful in understanding our financial performance and position.

	March 31, 2017			March 31, 2016
	(Dollars in thousands)
Tier 1 capital	$	1,509,758		$	889,375
Less: Trust preferred securities less unamortized acquisition discount	(96,166		)	(40,946		)
Common equity tier 1 capital	$	1,413,592		$	848,429
Total risk weighted assets less disallowed allowance for loan losses	$	11,571,354		$	7,093,779
Common equity tier 1 capital ratio*	12.22		%	11.96		%

__________________________________

* The Common equity tier 1 capital ratio is calculated by dividing Tier 1 capital less non-common elements, including perpetual preferred stock and related surplus, minority interest in subsidiaries, trust preferred securities and mandatory convertible preferred securities by total risk-weighted assets less the disallowed allowance for loan losses.

58

Results of Operations

Overview

Total assets increased $40.0 million from $13.44 billion at December 31, 2016 to $13.48 billion at March 31, 2017. The increase in total assets was primarily due to the increase in securities available for sale and cash and cash equivalents during the first quarter of 2017.

Net income for the first quarter of 2017 was $36.2 million, or $0.27 per diluted common share, compared to $23.6 million, or $0.30 per diluted common share, for the same period of 2016, which was an increase of $12.6 million, or 53.3%. The increase in net income was largely due to the addition of income from the interest earning assets acquired in the merger with Wilshire during the third quarter of 2016. Net interest income increased $43.3 million from the first quarter of 2016 compared to the first quarter of 2017. This increase was partially offset by an increase in noninterest expense of $27.7 million for the same period.

The following table summarizes the accretion and amortization adjustments that are included in net interest income for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Accretion of discounts on acquired performing loans	$	2,676		$	1,966
Accretion of discounts on purchased credit impaired loans	5,348			3,029
Amortization of premiums on low income housing tax credit investments	(84		)	—
Amortization of premiums on assumed FHLB advances	441			97
Accretion of discounts on assumed subordinated debt	(259		)	(44		)
Amortization of premiums on assumed time deposits and savings	3,476			24
Total	$	11,598		$	5,072

The annualized return on average assets was 1.09% for the first quarter of 2017 compared to 1.20% for the same period of 2016. The annualized return on average stockholders’ equity was 7.75% for the first quarter of 2017 compared to 9.99% for the same period of 2016. The efficiency ratio was 51.09% for the first quarter of 2017 compared to 49.82% for the same period of 2016.

Net Interest Income and Net Interest Margin

Net Interest Income

A principal component of our earnings is net interest income, which is the difference between the interest and fees earned on loans and investments and the interest paid on deposits and borrowed funds. Net interest income expressed as a percentage of average interest earning assets is referred to as the net interest margin. The net interest spread is the yield on average interest earning assets less the cost of average interest bearing liabilities. Net interest income is affected by changes in the balances of interest earning assets and interest bearing liabilities and changes in the yields earned on interest earning assets and the rates paid on interest bearing liabilities.

Comparison of Three Months Ended March 31, 2017 with the Same Period of 2016

Net interest income before provision for loan losses was $114.9 million for the first quarter of 2017, compared to $71.6 million for the same period of 2016, an increase of $43.3 million, or 60.5%.

Interest income for the first quarter of 2017 was $132.7 million, an increase of $49.2 million, or 59.1%, compared to $83.5 million for the same period of 2016. The increase in interest income was primarily attributed to the increase in loans and investments resulting from the acquisition of Wilshire during the third quarter of 2016.

Interest expense for the first quarter of 2017 was $17.8 million, an increase of $5.9 million, or 50.5% compared to $11.9 million for the same period of 2016. The increase in interest expense was primarily due to the acquisition of deposits and borrowings from the acquisition of Wilshire.

59

Net Interest Margin

Our net interest margin is impacted by the weighted average rates we earn on interest earning assets and pay on interest bearing liabilities and the effect of acquisition accounting adjustments. The net interest margin for the first quarter of 2017 was 3.77%, a decrease of 7 basis points from 3.84% for the same period of 2016.

The weighted average yield on loans decreased to 4.82% for the first quarter of 2017 from 4.95% for the first quarter of 2016. The change in our loan yield was mostly due to a decline in the impact of accretion to overall loan yields. Although total discount accretion income increased from the first quarter of 2017 compared to the first quarter of 2016, discount accretion impact to loan yields declined due to the increase in average loan balance for the first quarter of 2017, compared to the first quarter of 2016.

The weighted average yield on securities available for sale for the first quarter of 2017 was 2.10% compared to 2.23% for the same period of 2016. The decrease in weighted average yield was primarily attributable to the inclusion of the investment portfolio acquired from Wilshire, which had a lower average fair value yield compared to our investment portfolio prior to the merger.

The weighted average cost of deposits for the first quarter of 2017 was 0.55%, a decrease of 8 basis points from 0.63% for the same period of 2016. The decline in deposits costs was largely due to the decline in cost of time deposits and an increase in average noninterest bearing deposits for the first quarter of 2017 compared to the first quarter of 2016. The decline in cost of time deposits was largely due to the increase in premium amortizations on time deposits acquired from Wilshire at fair value.

The weighted average cost of FHLB advances for the first quarter of 2017 was 1.31%, an increase of 16 basis points from 1.15% for the same period of 2016. The increase in cost of FHLB advances was due to the increase in FHLB advance rates stemming from the increase in overall interest rates.

60

The following table presents our consolidated average balance sheet information, together with interest rates earned and paid on the various sources and uses of funds for the periods indicated:

	Three Months Ended March 31, 2017						Three Months Ended March 31, 2016
	Average Balance		Interest Income/ Expense		Average Yield/ Rate*		Average Balance		Interest Income/ Expense		Average Yield/ Rate*
	(Dollars in thousands)
INTEREST EARNINGS ASSETS:
Loans(1) (2)	$	10,381,771	$	123,294	4.82	%	$	6,269,428	$	77,118	4.95	%
Securities available for sale(3)	1,567,497		8,113		2.10	%	1,016,865		5,677		2.23	%
FRB and FHLB stock and other investments	423,955		1,336		1.28	%	217,048		666		1.23	%
Total interest earning assets	12,373,223		132,743		4.35	%	7,503,341		83,461		4.47	%
Total noninterest earning assets	962,504						372,599
Total assets	$	13,335,727					$	7,875,940
INTEREST BEARING LIABILITIES:
Deposits:
Demand, interest bearing	$	3,436,984	$	7,191	0.85	%	$	1,968,637	$	4,004	0.82	%
Savings	293,609		287		0.40	%	186,462		366		0.79	%
Time deposits	4,009,179		7,033		0.71	%	2,506,040		5,537		0.89	%
Total interest bearing deposits	7,739,772		14,511		0.76	%	4,661,139		9,907		0.85	%
FHLB advances	662,472		2,139		1.31	%	532,206		1,523		1.15	%
Other borrowings	95,911		1,188		4.95	%	40,813		424		4.11	%
Total interest bearing liabilities	8,498,155		17,838		0.85	%	5,234,158		11,854		0.91	%
Noninterest bearing liabilities and equity:
Noninterest bearing demand deposits	2,868,339						1,629,565
Other liabilities	100,235						66,583
Stockholders’ equity	1,868,998						945,634
Total liabilities and stockholders’ equity	$	13,335,727					$	7,875,940
Net interest income/net interest spread			$	114,905	3.50	%			$	71,607	3.56	%
Net interest margin					3.77	%					3.84	%
Cost of deposits					0.55	%					0.63	%

__________________________________

* Annualized

⁽¹⁾  Interest income on loans includes loan fees.

⁽²⁾  Average balances of loans consist of loans receivable and loans held for sale.

⁽³⁾  Interest income and yields are not presented on a tax-equivalent basis.

61

Changes in net interest income are a function of changes in interest rates and volumes of interest earning assets and interest bearing liabilities. The following table sets forth information regarding the changes in interest income and interest expense for the periods indicated. The total change for each category of interest earning assets and interest bearing liabilities is segmented into the change attributable to variations in volume (changes in volume multiplied by the old rate) and the change attributable to variations in interest rates (changes in rates multiplied by the old volume). Nonaccrual loans are included in average loans used to compute this table.

	Three Months Ended March 31, 2017 over March 31, 2016
	Net Increase (Decrease)			Change due to
				Rate			Volume
	(Dollars in thousands)
INTEREST INCOME:
Interest and fees on loans	$	46,176		$	(2,100	)	$	48,276
Interest on securities	2,436			(393		)	2,829
Interest on FRB and FHLB stock and other investments	670			24			646
Total interest income	$	49,282		$	(2,469	)	$	51,751
INTEREST EXPENSE:
Interest on demand, interest bearing	$	3,187		$	152		$	3,035
Interest on savings	(79		)	(230		)	151
Interest on time deposits	1,496			(1,270		)	2,766
Interest on FHLB advances	616			222			394
Interest on other borrowings	764			101			663
Total interest expense	$	5,984		$	(1,025	)	$	7,009
NET INTEREST INCOME	$	43,298		$	(1,444	)	$	44,742

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Provision for Loan Losses

The provision for loan losses reflects management’s judgment of the current period cost associated with credit risk inherent in our loan portfolio. The loan loss provision for each period is dependent upon many factors, including loan growth, net charge offs, changes in the composition of the loan portfolio, delinquencies, assessments by management and third parties, regulators’ examination of the loan portfolio, the value of the underlying collateral for problem loans and the general economic conditions in our market areas. Specifically, the provision for loan losses represents the amount charged against current period earnings to achieve an allowance for loan losses that, in our judgment, is adequate to absorb probable incurred losses inherent in our loan portfolio. Periodic fluctuations in the provision for loan losses result from management’s assessment of the adequacy of the allowance for loan losses; however, actual loan losses may vary in material and adverse respects from current estimates. If the allowance for loan losses is inadequate, it may have a material adverse effect on our financial condition and results of operations.

The provision for loan losses for the first quarter of 2017 was $5.6 million, an increase of $5.1 million from $500 thousand for the same period last year. The increase in provision for loan losses was primarily due to an increase in charge offs for the first quarter of 2017 compared to the first quarter of 2016 which led to an increase in loss rates used in our allowance calculation. The increase in charge offs was due primarily to one customer relationship which accounted for approximately half of all of the quarter’s charge offs.

See Financial Condition section of this MD&A for additional information and further discussion.

Noninterest Income

Noninterest income is primarily comprised of service fees on deposit accounts, fees received on trade finance letters of credit, net gains on sales of loans, and other income. Noninterest income for the first quarter of 2017 was $17.6 million compared to $8.8 million for the same quarter of 2016, an increase of $8.8 million, or 100.6%. The increase was primarily due to an increase of $2.9 million, or 157.7%, in other income and fees and an increase of $2.7 million, or 99.0%, in service fees on deposit accounts. Gain on sale of SBA loans also increased $1.4 million, or 78.1%. The overall increase in noninterest income was primarily due to the additional noninterest income resulting from the acquisition of Wilshire during the third quarter of 2016.

In addition to the noninterest income increase that resulted from the merger with Wilshire, the Company’s other income from interest rate swaps increased $736 thousand for the first quarter of 2017 compared to the same period of the previous year due to an increase number of interest rate swap transactions during the first quarter of 2017.

Noninterest income by category is summarized in the table below:

	Three Months Ended March 31,				Increase
	2017		2016		Amount		Percent (%)
	(Dollars in thousands)
Service fees on deposit accounts	$	5,338	$	2,683	$	2,655	99.0	%
International service fees	1,108		776		332		42.8	%
Loan servicing fees, net	1,438		690		748		108.4	%
Wire transfer fees	1,186		914		272		29.8	%
Net gains on sales of SBA loans	3,250		1,825		1,425		78.1	%
Net gains on sales of other loans	420		—		420		100.0	%
Other income and fees	4,863		1,887		2,976		157.7	%
Total noninterest income	$	17,603	$	8,775	$	8,828	100.6	%

Noninterest Expense

Noninterest expense for the first quarter of 2017 was $67.7 million, an increase of $27.7 million, or 69.0%, from $40.0 million for the same period of 2016. Salaries and employee benefits expense increased $12.6 million during the first quarter of 2017 compared to the same period in 2016 due to an increase in the number of full-time equivalent employees primarily as a result of the acquisition of Wilshire. Other noninterest expense increased $4.3 million for the first quarter of 2017 compared to the same period in 2016 due to additional expenses from the acquisition of Wilshire. The increase in noninterest expense for the first quarter of 2017 compared to the first quarter of 2016 was primarily from additional expenses that resulted from the merger with Wilshire. Total assets increased 67% for first quarter of 2017 compared to the first quarter of 2016 largely due to the Wilshire merger which is line with the increase in noninterest expense of 69% for the same period.

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In addition to expenditures that resulted from the merger with Wilshire, noninterest expense for the first quarter of 2017 included $1.5 million in sponsorship fees paid to sponsor the Ladies Professional Golf Association (“LPGA”) Bank of Hope Founders Cup event in March 2017 which was recorded in advertising and marketing expenses. The Company also recorded $1.1 million in valuation expense for premises held for sale during the first quarter of 2017 which was recorded in other expenses. Both these expenditures were recorded only for the first quarter of 2017 as the Company was not a sponsor of the LPGA event during the first quarter of 2016 and the there were no premises held for sale during this same period of the prior year. Professional fees increased from the first quarter of 2017 compared to the first quarter of 2016 largely due to additional audit fees paid during the three months ended March 31, 2017. Other expenses increased from the first quarter of 2016 to the first quarter of 2017 due to an increase in expenses related to affordable housing partnership investments and valuation on premises held for sale previously mentioned.

Total merger and integration expenses for the first quarter of 2017 was $947 thousand, a decrease of $260 thousand from the first quarter of 2016. Merger and integration expenses for the first quarter of 2017 consisted of $401 thousand in expenses related to the acquisition of Wilshire, $522 thousand in expenses related to the pending acquisition of U & I, and $24 thousand in expenses related to other former acquisitions.

At March 31, 2017, total future lease commitments totaled $54.0 million with the last of the commitments ending in 2030.

The breakdown of changes in noninterest expense by category is shown in the following table:

	Three Months Ended March 31,				Increase (Decrease)
	2017		2016		Amount			Percent (%)
	(Dollars in thousands)
Salaries and employee benefits	$	34,166	$	21,569	$	12,597		58.4	%
Occupancy	7,194		4,817		2,377			49.3	%
Furniture and equipment	3,413		2,287		1,126			49.2	%
Advertising and marketing	3,424		1,136		2,288			201.4	%
Data processing and communications	3,606		2,171		1,435			66.1	%
Professional fees	3,902		1,083		2,819			260.3	%
FDIC assessment	1,010		1,038		(28		)	(2.7	)%
Credit related expenses	1,883		421		1,462			347.3	%
OREO expense, net	997		1,428		(431		)	(30.2	)%
Merger and integration expenses	947		1,207		(260		)	(21.5	)%
Other	7,157		2,892		4,265			147.5	%
Total noninterest expense	$	67,699	$	40,049	$	27,650		69.0	%

Provision for Income Taxes

Income tax provision expense was $23.0 million and $16.2 million for the quarters ended March 31, 2017 and 2016, respectively. The effective income tax rates were 38.8% and 40.7% for the quarters ended March 31, 2017 and 2016, respectively. The decrease in tax rate was due to the increase in affordable housing partnership tax credits for the first quarter of 2017 compared to the same period of the prior year.

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Financial Condition

At March 31, 2017, our total assets were $13.48 billion, an increase of $40.0 million, or 0.3% from $13.44 billion at December 31, 2016. The increase in assets was due to an increase in cash and cash equivalents and investment securities available for sale.

Investment Securities Portfolio

As of March 31, 2017, we had $1.58 billion in available for sale securities, compared to $1.56 billion at December 31, 2016. The net unrealized loss on the available for sale securities at March 31, 2017 was $22.4 million, compared to a net unrealized loss on securities of $25.6 million at December 31, 2016.

During the three months ended March 31, 2017, $94.9 million in securities were purchased, $59.1 million in mortgage related securities were paid down, and there were $9.0 million in maturities. During the same period last year, $99.6 million in securities were purchased, $36.4 million in mortgage related securities were paid down.

Investments in Affordable Housing Partnerships

At March 31, 2017 we had $76.4 million in investments in affordable housing partnerships compared to $70.1 million at December 31, 2016. The increase in investments in affordable housing partnerships was due additional commitments entered into during the first quarter of 2017 totaling $8.5 million. Commitments to fund investments in affordable housing partnerships totaled $31.5 million at March 31, 2017 compared to $24.4 million at December 31, 2016.

Loan Portfolio

As of March 31, 2017, loans outstanding totaled $10.55 billion, an increase of $6.6 million from $10.54 billion at December 31, 2016. The following table summarizes our loan portfolio by amount and percentage of total loans outstanding in each major loan category at the dates indicated:

	March 31, 2017					December 31, 2016
	Amount			Percent (%)		Amount			Percent (%)
				(Dollars in thousands)
Loan portfolio composition
Real estate loans:
Residential	$	58,166		1	%	$	57,884		1	%
Commercial	7,948,844			75	%	7,842,573			75	%
Construction	284,178			3	%	254,113			2	%
Total real estate loans	8,291,188			79	%	8,154,570			78	%
Commercial business	1,696,895			16	%	1,832,021			17	%
Trade finance	143,298			1	%	154,928			1	%
Consumer and other	420,169			4	%	403,470			4	%
Total loans outstanding	10,551,550			100	%	10,544,989			100	%
Deferred loan fees, net	(1,883		)			(1,657		)
Loans receivable	10,549,667					10,543,332
Allowance for loan losses	(78,659		)			(79,343		)
Loans receivable, net of allowance for loan losses	$	10,471,008				$	10,463,989

Real estate secured and consumer loans increased from December 31, 2016 to March 31, 2017, while commercial business and trade finance loans experienced a decline. The decline in commercial business loans from December 31, 2016 to March 31, 2017 was primarily due to the $100.5 million decrease in warehouse lines of credit.

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We normally do not extend lines of credit or make loan commitments to business customers for periods in excess of one year. We use the same credit policies in making commitments and conditional obligations as we do for providing loan facilities to our customers. We perform annual reviews of such commitments prior to renewal.

The following table shows our loan commitments and letters of credit outstanding at the dates indicated:

	March 31, 2017		December 31, 2016
	(Dollars in thousands)
Commitments to extend credit	$	1,648,190	$	1,592,221
Standby letters of credit	63,349		63,753
Other commercial letters of credit	71,573		52,125
	$	1,783,112	$	1,708,099

Nonperforming Assets

Nonperforming assets, which consist of nonaccrual loans, loans 90 days or more past due and on accrual status, accruing restructured loans and OREO, totaled $105.4 million at March 31, 2017, compared to $111.2 million at December 31, 2016. The ratio of nonperforming assets to loans receivable and OREO was 1.00% and 1.05% at March 31, 2017 and December 31, 2016, respectively.

The following table summarizes the composition of our nonperforming assets as of the dates indicated.

	March 31, 2017			December 31, 2016
	(Dollars in thousands)
Nonaccrual loans (1)	$	37,009		$	40,074
Loans 90 days or more days past due, still accruing	275			305
Accruing restructured loans	48,984			48,874
Total nonperforming loans	86,268			89,253
OREO	19,096			21,990
Total nonperforming assets	$	105,364		$	111,243
Nonaccrual loans:
Legacy Portfolio	$	27,909		$	28,944
Acquired Portfolio	9,100			11,130
Total nonaccrual loans	$	37,009		$	40,074
Nonperforming loans:
Legacy Portfolio	$	73,412		$	74,890
Acquired Portfolio	12,856			14,363
Total nonperforming loans	$	86,268		$	89,253
Nonperforming loans to loans receivable	0.82		%	0.85		%
Nonperforming assets to loans receivable and OREO	1.00		%	1.05		%
Nonperforming assets to total assets	0.78		%	0.83		%
Allowance for loan losses to nonperforming loans	91.18		%	88.90		%
Allowance for loan losses to nonperforming assets	74.65		%	71.32		%

__________________________________

⁽¹⁾  Nonaccrual loans exclude the guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.2 million and $15.9 million as of March 31, 2017 and December 31, 2016, respectively.

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Allowance for Loan Losses

The allowance for loan losses was $78.7 million at March 31, 2017 compared to $79.3 million at December 31, 2016. The allowance for loan losses was 0.75% of loans receivable at March 31, 2017, unchanged from December 31, 2016. Impaired loan reserves decreased to $5.1 million at March 31, 2017 from $7.4 million at December 31, 2016.

The following table reflects our allocation of the allowance for loan and lease losses (“ALLL”) by loan type and the ratio of each loan segment to total loans as of the dates indicated:

	Allocation of Allowance for Loan Losses
	March 31, 2017						December 31, 2016
	Allowance for Loan Losses		Loans Receivable*		Percent of Allowance to Loans Receivable		Allowance for Loan Losses		Loans Receivable*		Percent of Allowance to Loans Receivable
	(Dollars in thousands)
Loan Type
Real estate - residential	$	287	$	58,166	0.49	%	$	209	$	57,884	0.36	%
Real estate - commercial	55,387		7,948,844		0.70	%	49,917		7,842,573		0.64	%
Real estate - construction	1,710		284,178		0.60	%	1,621		254,113		0.64	%
Commercial business	18,423		1,696,895		1.09	%	23,547		1,832,021		1.29	%
Trade finance	811		143,298		0.57	%	1,897		154,928		1.22	%
Consumer and other	2,041		420,169		0.49	%	2,152		403,470		0.53	%
Total	$	78,659	$	10,551,550	0.75	%	$	79,343	$	10,544,989	0.75	%

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^*  Held-for-sale loans of $19.1 million and $22.8 million at March 31, 2017 and December 31, 2016, respectively, were excluded from the total.

For a better understanding of the changes in the ALLL, the loan portfolio has been segmented for disclosures purposes between loans which are accounted for under the amortized cost method (Legacy Loans) and loans acquired from acquisitions (Acquired Loans). Acquired Loans have been further segregated between Purchase Credit Impaired Loans (loans with credit deterioration at the time they were acquired and accounted for under ASC 310-30, or “PCI loans”) and performing loans (loans that were pass graded at the time they were acquired, or “non-PCI loans”). The activity in the ALLL for the three months ended March 31, 2017 is as follows:

				Acquired Loans(2)
Three Months Ended March 31, 2017	Legacy Loans(1)			PCI Loans			Non-PCI Loans			Total
	(Dollars in thousands)
Balance, beginning of period	$	66,399		$	11,402		$	1,542		$	79,343
Provision for loan losses	3,709			734			1,157			5,600
Loans charged off	(6,199		)	—			(406		)	(6,605		)
Recoveries of loan charge offs	145			—			176			321
Balance, end of period	$	64,054		$	12,136		$	2,469		$	78,659
Total loans outstanding	$	6,915,682		$	260,265		$	3,375,603		$	10,551,550
Allowance coverage ratio	0.93		%	4.66		%	0.07		%	0.75		%
Net loan charge offs to beginning allowance	9.12		%	—		%	14.92		%	7.92		%
Net loan charge offs to provision for loan losses	163.22		%	—		%	19.88		%	112.21		%

__________________________________

⁽¹⁾  Legacy Loans includes Acquired Loans that have been renewed or refinanced subsequent to the acquisition date.

⁽²⁾  Acquired loans were marked to fair value at the acquisition date and provisions for loan losses reflect credit deterioration subsequent to the acquisition date.

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The following table shows the provisions made for loan losses, the amount of loans charged off and the recoveries on loans previously charged off, together with the balance in the ALLL at the beginning and end of each period, the amount of average and loans receivable outstanding, and certain other ratios as of the dates and for the periods indicated:

	At or for the Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
LOANS:
Average loans receivable, including loans held for sale	$	10,381,771		$	6,269,428
Loans receivable	$	10,549,667		$	6,371,935
ALLOWANCE:
Balance, beginning of period	$	79,343		$	76,408
Less loan charge offs:
Real estate - commercial	(1,490		)	(135		)
Commercial business	(3,260		)	(621		)
Trade finance	(1,576		)	—
Consumer and other	(279		)	(65		)
Total loan charge offs	(6,605		)	(821		)
Plus loan recoveries:
Real estate - commercial	46			524
Commercial business	272			242
Consumer and other	3			3
Total loans recoveries	321			769
Net loan charge offs	(6,284		)	(52		)
Provision for loan losses	5,600			500
Balance, end of period	$	78,659		$	76,856
Net loan charge offs to average loans receivable, including loans held for sale*	0.24		%	—		%
Allowance for loan losses to loans receivable at end of period	0.75		%	1.21		%
Net loan charge offs to allowance*	31.96		%	0.27		%
Net loan charge offs to provision for loan losses	112.21		%	10.40		%

__________________________________

* Annualized

We believe the allowance for loan losses as of March 31, 2017 was adequate to absorb probable incurred losses in the loan portfolio. However, no assurance can be given that actual losses will not exceed the estimated amounts, and if actual losses exceed the estimated amounts it could have a material and adverse effect on our financial condition and results of operations.

At March 31, 2017, the Company had $106.1 million in remaining discount on loans acquired from previous transactions compared to $110.8 million at December 31, 2016.

Deposits and Other Borrowings

Deposits

Deposits are our primary source of funds used in our lending and investment activities. At March 31, 2017, deposits increased $61.7 million, or 0.6%, to $10.70 billion from $10.64 billion at December 31, 2016. The increase in deposits was primarily due to an increase in demand deposits and money market accounts partially offset by a decline in other time deposits.

At March 31, 2017, 27.7% of total deposits were noninterest bearing demand deposits, 37.1% were time deposits, and 35.2% were interest bearing demand and savings deposits. At December 31, 2016, 27.3% of total deposits were noninterest bearing demand deposits, 37.9% were time deposits, and 34.8% were interest bearing demand and savings deposits.

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At March 31, 2017, we had $714.4 million in brokered deposits and $300.0 million in California State Treasurer deposits, compared to $724.7 million and $300.0 million of such deposits at December 31, 2016, respectively. The California State Treasurer deposits had three-month maturities with a weighted average interest rate of 1.30% at March 31, 2017 and were collateralized with securities with a carrying value of $355.7 million. Time deposits of $250 thousand or more at March 31, 2017 totaled $1.56 billion compared to $1.55 billion at December 31, 2016.

The following is a schedule of certificates of deposit maturities as of March 31, 2017:

	Balance		Percent (%)
	(Dollars in thousands)
Three months or less	$	1,020,770	26	%
Over three months through six months	1,097,314		28	%
Over six months through nine months	689,709		17	%
Over nine months through twelve months	788,910		20	%
Over twelve months	371,972		9	%
Total time deposits	$	3,968,675	100	%

Other Borrowings

From time to time we utilize FHLB advances as a secondary source of funds. FHLB advances are typically secured by a pledge of commercial real estate loans and/or securities with a market value at least equal to the outstanding advances plus our investment in FHLB stock.

At March 31, 2017, FHLB advances totaled $703.9 million with average remaining maturities of 2.1 years, compared to $754.3 million with average remaining maturities of 2.2 years at December 31, 2016. Total FHLB advances included $3.9 million in premiums recorded from prior acquisitions at March 31, 2017, compared to $4.3 million in premiums at December 31, 2016.

Subordinated debentures totaled $100.1 million at March 31, 2017 and $99.8 million at December 31, 2016. The Trust Preferred Securities accrue and pay distributions periodically at specified annual rates as provided in the related indentures for the securities. The trusts used the net proceeds from their respective offerings to purchase a like amount of subordinated debentures (the “Debentures”) issued by us. The Debentures are the sole assets of the trusts. Our obligations under the Debentures and related documents, taken together, constitute a full and unconditional guarantee by us of the obligations of the trusts. The Trust PreferredSecurities are mandatorily redeemable upon the maturity of the Debentures, or upon earlier redemption as provided in the indentures. We have the right to redeem the Debentures in whole (but not in part) on or after specific dates, at a redemption price specified in the indentures plus any accrued but unpaid interest to the redemption date.

Off-Balance-Sheet Activities and Contractual Obligations

We routinely engage in activities that involve, to varying degrees, elements of risk that are not reflected, in whole or in part, in the consolidated financial statements. These activities are part of our normal course of business and include traditional off-balance-sheet credit-related financial instruments, interest rate swap contracts, operating leases and long-term debt.

Traditional off-balance-sheet credit-related financial instruments are primarily commitments to extend credit and standby letters of credit. These activities could require us to make cash payments to third parties if certain specified future events occur. The contractual amounts represent the extent of our exposure in these off-balance-sheet activities. These activities are necessary to meet the financing needs of our customers.

We enter into interest rate swap contracts under which we are required to either receive cash from or pay cash to counterparties depending on changes in interest rates. We also purchase interest rate caps to protect against increases in market interest rates. We utilize interest rate swap contracts and interest rate caps to help manage the risk of changing interest rates.

We sell interest rate swaps to certain adjustable rate commercial loan customers to fix the interest rate on their floating rate loans. When the fixed rate swap is originated with the customer, an identical offsetting swap is also entered into by us with a correspondent bank.

With the acquisition of Wilshire’s mortgage lending platform, we began utilizing mortgage banking derivatives during the third quarter of 2016. The first type of derivative, an interest rate lock commitment, is a commitment to originate loans whereby the interest rate on the loan is determined prior to funding. To mitigate interest rate risk on these rate lock commitments, we also enter into forward commitments, or commitments to deliver residential mortgage loans on a future date, also considered derivatives. Net change in the fair value of derivatives represents income recorded from changes of fair value for these mortgage derivatives instruments.

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We do not anticipate that our current off-balance-sheet activities will have a material impact on our future results of operations or our financial condition. Further information regarding our financial instruments with off-balance-sheet risk can be found in Item 3 “Quantitative and Qualitative Disclosures about Market Risk.”

Stockholders’ Equity and Regulatory Capital

Historically, our primary source of capital has been the retention of earnings, net of dividend payments to shareholders. We seek to maintain capital at a level sufficient to assure our stockholders, our customers, and our regulators that we and the Bank subsidiary are financially sound. For this purpose, we perform ongoing assessments of our components of capital, as well as projected sources and uses of capital in conjunction with projected increases in assets and levels of risks.

Total stockholders’ equity was $1.88 billion at March 31, 2017, compared to $1.86 billion at December 31, 2016.

The federal banking agencies require a minimum ratio of qualifying total capital to risk-weighted assets of 8.0%, a minimum ratio of Tier I capital to risk-weighted assets of 6.0%, and a minimum ratio of Tier I common equity capital to risk-weighted assets of 4.5% to generally be considered “adequately capitalized” under the Prompt Corrective Action regulations. In addition to the risk-based guidelines, federal banking agencies require banking organizations to maintain a minimum amount of Tier I capital to average total assets, referred to as the leverage ratio, of 4.0% to generally be considered “adequately capitalized” under the Prompt Corrective Action regulations. Beginning January 1, 2016, federal banking agencies required a capital conservation buffer of 0.625% in addition to the ratios required to generally be considered “adequately capitalized” under the Prompt Corrective Action regulations. The capital conservation buffer increases at an annual increment of 0.625% until January 2019 and stands as 1.25% as of March 31, 2017. Failure to maintain this capital conservation buffer results in limits or prohibitions on capital distributions and discretionary compensation payments. Capital requirements apply to the Company and the Bank separately. In addition to these uniform risk-based capital guidelines and leverage ratios that apply across the industry, the regulators have the discretion to set individual minimum capital requirements for specific institutions at rates significantly above the minimum guidelines and ratios.

At March 31, 2017, our common equity Tier 1 capital was $1.41 billion compared to $1.40 billion at December 31, 2016. Our Tier I capital, defined as stockholders’ equity less intangible assets, was $1.51 billion at March 31, 2017 compared to $1.50 billion at December 31, 2016, representing an increase of $13.5 million, or 0.90%. At March 31, 2017, the Common Equity Tier 1 capital ratio was 12.22%. The total capital to risk-weighted assets ratio was 13.76% and the Tier I capital to risk-weighted assets ratio was 13.05%. The Tier I leverage capital ratio was 11.72%.

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As of March 31, 2017 and December 31, 2016, the most recent regulatory notification categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be generally categorized as “well-capitalized”, the Bank must maintain minimum common equity Tier 1 capital, total risk-based, Tier I risk-based and Tier I leverage capital ratios as set forth in the table below:

	As of March 31, 2017 (Dollars in thousands)
	Actual				To Be Well-Capitalized				Excess
	Amount		Ratio		Amount		Ratio		Amount		Ratio
Hope Bancorp, Inc.
Common equity Tier 1 capital ratio (to risk-weighted assets)	$	1,413,592	12.22	%	N/A		N/A		N/A		N/A
Total risk-based capital ratio (to risk-weighted assets)	$	1,591,852	13.76	%	N/A		N/A		N/A		N/A
Tier 1 risk-based capital ratio (to risk-weighted assets)	$	1,509,758	13.05	%	N/A		N/A		N/A		N/A
Tier 1 capital to total assets (to average assets)	$	1,509,758	11.72	%	N/A		N/A		N/A		N/A
Bank of Hope
Common equity Tier 1 capital ratio (to risk-weighted assets)	$	1,489,239	12.88	%	$	751,724	6.50	%	$	737,515	6.38	%
Total risk-based capital ratio (to risk-weighted assets)	$	1,571,333	13.59	%	$	1,156,499	10.00	%	$	414,834	3.59	%
Tier 1 risk-based capital ratio (to risk-weighted assets)	$	1,489,239	12.88	%	$	925,199	8.00	%	$	564,040	4.88	%
Tier 1 capital to total assets (to average assets)	$	1,489,239	11.56	%	$	644,014	5.00	%	$	845,225	6.56	%
	As of December 31, 2016 (Dollars in thousands)
	Actual				To Be Well-Capitalized				Excess
	Amount		Ratio		Amount		Ratio		Amount		Ratio
Hope Bancorp, Inc.
Common equity Tier 1 capital ratio (to risk-weighted assets)	$	1,400,246	12.10	%	N/A		N/A		N/A		N/A
Total risk-based capital ratio (to risk-weighted assets)	$	1,578,690	13.64	%	N/A		N/A		N/A		N/A
Tier 1 risk-based capital ratio (to risk-weighted assets)	$	1,496,153	12.92	%	N/A		N/A		N/A		N/A
Tier 1 capital to total assets (to average assets)	$	1,496,153	11.49	%	N/A		N/A		N/A		N/A
Bank of Hope
Common equity Tier 1 capital ratio (to risk-weighted assets)	$	1,475,228	12.75	%	$	752,022	6.50	%	$	723,206	6.25	%
Total risk-based capital ratio (to risk-weighted assets)	$	1,557,765	13.46	%	$	1,156,957	10.00	%	$	400,808	3.46	%
Tier 1 risk-based capital ratio (to risk-weighted assets)	$	1,475,228	12.75	%	$	925,566	8.00	%	$	549,662	4.75	%
Tier 1 capital to total assets (to average assets)	$	1,475,228	11.33	%	$	651,129	5.00	%	$	824,099	6.33	%

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Liquidity Management

Liquidity risk is the risk of reduction in our earnings or capital that would result if we were not able to meet our obligations when they come due without incurring unacceptable losses. Liquidity risk includes the risk of unplanned decreases or changes in funding sources and changes in market conditions that affect our ability to liquidate assets quickly and with minimum loss of value. Factors considered in liquidity risk management are the stability of the deposit base; the marketability, maturity, and pledging of our investments; the availability of alternative sources of funds; and our demand for credit. The objective of our liquidity management is to have funds available to meet cash flow requirements arising from fluctuations in deposit levels and the demands of daily operations, which include funding of securities purchases, providing for customers’ credit needs, and ongoing repayment of borrowings.

Our primary sources of liquidity are derived from financing activities, which include customer and broker deposits, federal funds facilities, and borrowings from the FHLB and the FRB Discount Window. These funding sources are augmented by payments of principal and interest on loans and securities, proceeds from sale of loans and the liquidation or sale of securities from our available for sale portfolio. Primary uses of funds include withdrawal of and interest payments on deposits, originations of loans, purchases of investment securities, and payment of operating expenses.

At March 31, 2017, our total borrowing capacity from the FHLB was $3.36 billion, of which $2.64 billion was unused and available to borrow. At March 31, 2017, our total borrowing capacity from the FRB was $501.2 million, which was unused and available to borrow. In addition to these lines, our liquid assets, consisting of cash and cash equivalents, interest bearing cash deposits and time deposits with other banks, overnight federal funds sold to other banks, liquid investment securities available for sale, and loan repayments within 30 days, were $1.62 billion at March 31, 2017 compared to $1.53 billion at December 31, 2016. Cash and cash equivalents, including federal funds sold, were $461.1 million at March 31, 2017 compared to $437.3 million at December 31, 2016. We believe our liquidity sources are sufficient to meet all reasonably foreseeable short-term and intermediate-term needs.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

The objective of our asset and liability management activities is to maximize our earnings while maintaining adequate liquidity and an exposure to interest rate risk deemed by management to be acceptable by adjusting the type and mix of assets and liabilities to seek to effectively address changing conditions and risks. Through overall management of our balance sheet and by seeking to manage various risks, we seek to optimize our financial returns within safe and sound parameters. Our operating strategies for attaining this objective include managing net interest margin through appropriate risk/return pricing of assets and liabilities and emphasizing growth in retail deposits, as a percentage of interest bearing liabilities, to reduce our cost of funds. We also seek to improve earnings by controlling noninterest expense, and enhancing noninterest income. We also use risk management instruments to modify interest rate characteristics of certain assets and liabilities to hedge against our exposure to interest rate fluctuations with the objective of reducing the effects fluctuations might have on associated cash flows or values. Finally, we perform internal analysis to measure, evaluate, and monitor risk.

Interest Rate Risk

Interest rate risk is the most significant market risk impacting us. Interest rate risk occurs when interest rate sensitive assets and liabilities do not reprice simultaneously and in equal volume. A key objective of asset and liability management is to manage interest rate risk associated with changing asset and liability cash flows and values of our assets and liabilities and market interest rate movements. The management of interest rate risk is governed by policies reviewed and approved annually by the Board of Directors. Our Board delegates responsibility for interest rate risk management to the Asset and Liability Committee of the Board (“ALCO”) and to the Asset and Liability Management Committee (“ALM”), which is composed of the Bank’s senior executives and other designated officers.

The fundamental objective of our ALM is to manage our exposure to interest rate fluctuations while maintaining adequate levels of liquidity and capital. Our ALM meets regularly to monitor interest rate risk, the sensitivity of our assets and liabilities to interest rate changes, the book and market values of our assets and liabilities, and our investment activities. It also directs changes in the composition of our assets and liabilities. Our strategy has been to reduce the sensitivity of our earnings to interest rate fluctuations by more closely matching the effective maturities or repricing characteristics of our assets and liabilities. Certain assets and liabilities, however, may react in different degrees to changes in market interest rates. Furthermore, interest rates on certain types of assets and liabilities may fluctuate prior to changes in market interest rates, while interest rates on other types may lag behind changes in market interest rates. We consider the anticipated effects of these factors when implementing our interest rate risk management objectives.

Interest Rate Sensitivity

We monitor interest rate risk through the use of a simulation model that provides us with the ability to simulate our net interest income. In order to measure, at March 31, 2017, the sensitivity of our forecasted net interest income to changing interest rates, both rising and falling interest rate scenarios were projected and compared to base market interest rate forecasts. One application of our simulation model measures the impact of market interest rate changes on the net present value of estimated cash flows from our assets and liabilities, defined as our market value of equity. This analysis assesses the changes in market values of interest rate sensitive financial instruments that would occur in response to immediate and parallel changes in market interest rates.

The impacts on our net interest income and market value of equity exposed to immediate and parallel hypothetical changes in market interest rates as projected by the model we use for this purpose are illustrated in the following table:

	March 31, 2017				December 31, 2016
Simulated Rate Changes	Estimated Net Interest Income Sensitivity		Market Value Of Equity Volatility		Estimated Net Interest Income Sensitivity		Market Value Of Equity Volatility
+ 200 basis points	2.04	%	(3.34	)%	2.58	%	(4.05	)%
+ 100 basis points	0.98	%	(1.49	)%	1.15	%	(1.91	)%
- 100 basis points	(1.62	)%	0.74	%	(0.60	)%	1.41	%
- 200 basis points	(10.65	)%	(0.73	)%	(9.66	)%	0.42	%

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Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and procedures designed to ensure that information required to be disclosed by us in reports filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to our management, including our President and Chief Executive Officer and our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

In designing and evaluating disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

We conducted an evaluation under the supervision and with the participation of our management, including our President and Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this Quarterly Report on Form 10-Q.

Based on the evaluation, our President and Chief Executive Officer and our Chief Financial Officer have concluded that as of the end of the period covered by this Quarterly Report on Form 10-Q, our disclosure controls and procedures were not effective due to the material weaknesses disclosed in our Annual Report on Form 10-K for the year ended December 31, 2016 filed with the SEC on May 18, 2017.

Changes in Internal Control over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting during the quarter ended March 31, 2017 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. As disclosed in our Annual Report on Form 10-K for the year ended December 31, 2016, although our remediation efforts with respect to the identified material weaknesses are well underway, our material weaknesses will not be considered remediated until new internal controls are operational for a period of time and are tested, and management concludes that these controls are operating effectively. With respect to the identified material weaknesses, other than those that arose in conjunction with the acquisition of Wilshire, management presently believes that such material weaknesses will be remediated within twelve months of when the remediation efforts commenced. The timing of the testing and validation of the remediation of the material weaknesses that arose in conjunction with the acquisition of Wilshire may depend on the timing of the Company’s next material business combination.

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PART II

OTHER INFORMATION

Item 1. Legal Proceedings

In the normal course of business, we are involved in various legal claims. We have reviewed all legal claims against us with counsel and have taken into consideration the views of such counsel as to the potential outcome of the claims in determining our accrued loss contingency. Accrued loss contingencies for all legal claims totaled approximately $412 thousand at March 31, 2017. It is reasonably possible we may incur losses in addition to the amounts we have accrued. However, at this time, we are unable to estimate the range of additional losses that are reasonably possible because of a number of factors, including the fact that certain of these litigation matters are still in their early stages and involve claims for which, at this point, we believe have little to no merit. Management has considered these and other possible loss contingencies and does not expect the amounts to be material to any of the consolidated financial statements.

Item 1A. Risk Factors

Set forth below are the material changes to the risk factors discussed in Item 1A of Part 1 of the Annual Report on Form 10-K for the year ended December 31, 2016. In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risk factors discussed below and in Item 1A of Part 1 of the Annual Report on Form 10-K for the year ended December 31, 2016, which could materially and adversely affect the Company’s business, financial condition, results of operations and stock price. The risks described below and in the Annual Report on Form 10-K are not the only risks facing the Company. Additional risks and uncertainties not presently known to management or that management presently believes not to be material may also result in material and adverse effects on our business, financial condition and results of operations.

The merger agreement With U&I Financial Corp, may be terminated in accordance with its terms and the merger may not be completed.

The merger agreement is subject to a number of conditions which must be fulfilled in order to close. Those conditions include U&I Financial Corp. shareholder approval, regulatory approvals, the absence of any law or order prohibiting the closing, the continued accuracy of certain representations and warranties by both parties and the performance by both parties of certain covenants and agreements, the effectiveness of the registration statement to be filed by the Company with respect to the Company’s common stock to be issued in the merger, and the absence of the occurrence of a material adverse effect upon the Company or U&I Financial Corp. In addition, the Company may choose to terminate the merger agreement if U&I Financial Corp.’s Board of Directors makes a change in recommendation with respect to shareholder approval. In addition to the foregoing, if the merger agreement is terminated, under certain circumstances U&I Financial Corp. may be required to pay a $2 Million termination fee to the Company. There can be no assurance that the conditions to closing the merger will be fulfilled or that the merger will be completed.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None

Item 6. Exhibits

See “Index to Exhibits.”

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		HOPE BANCORP, INC.
Date:	July 20, 2017	/s/ Kevin S. Kim
		Kevin S. Kim
		President and Chief Executive Officer
Date:	July 20, 2017	/s/ Douglas J. Goddard
		Douglas J. Goddard
		Executive Vice President and Chief Financial Officer

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INDEX TO EXHIBITS

Exhibit Number	Description
10.1	Second Amended and Restated Employment Agreement, dated April 27, 2017 and effective April 1, 2017, by and between Hope Bancorp, Inc., Hope Bank and Kevin S. Kim**+
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Public Company Accounting Reform and Investor Protection Act of 2002**
32.2	Certification of Chief Financial Officer pursuant to section 906 of the Public Company Accounting Reform and Investor Protection Act of 2002**
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document**
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**

__________________________________

* Filed herewith

** Furnished herewith

+ Management contract or compensatory plan or arrangement

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EX-10.1

EXHIBIT 10.1

Execution Copy

SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT

This SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 1st day of April, 2017 (“Agreement Date”), by and between Kevin S. Kim, an individual residing in La Canada, California ( “Executive”), on the one hand, and Hope Bancorp, Inc., a Delaware corporation (“Parent”) and Bank of Hope, a California state chartered bank (the “Bank”) (with the Parent and Bank being collectively referred to herein as the “Company”), on the other hand.

WHEREAS, Executive is serving as the Chief Executive Officer and President of the Parent and the Bank pursuant to that certain Amended and Restated Employment Agreement dated July 11, 2014 (“Original Employment Agreement”);

WHEREAS, the Company wishes to continue the employment of Executive as its Chief Executive Officer and President, and Executive wishes to continue his employment as the Chief Executive Officer and President of the Company, under the terms and conditions set forth in this Agreement;

WHEREAS, this Agreement is intended to amend, restate and replace in its entirety the Original Employment Agreement;

NOW, THEREFORE, in consideration of such employment and the mutual covenants and promises herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Executive agree to amend, restate and replace the Original Agreement in its entirety as follows:

Section 1.Employment. The Parent and the Bank each hereby employ Executive, and Executive hereby accepts such employment, under the terms and conditions set forth herein.

Section 2.Titles, Positions, Duties and Responsibilities. Executive shall be employed as the Chief Executive Officer and President of the Parent, and as the Chief Executive Officer and President of the Bank, and his powers and duties shall be consistent with such offices and positions. As Chief Executive Officer of the Company, Executive shall supervise, control and be responsible for all aspects of the business and affairs of each of the Parent and the Bank, together with their respective additional subsidiaries.

Section 3.Reporting Responsibilities. Executive shall report to the Board of Directors of the Parent (“Parent Board”) with respect to his duties and responsibilities as Chief Executive Officer and President of the Parent and shall report to the Board of Directors of the Bank (“Bank Board”) with respect to his duties and responsibilities as Chief Executive Officer and President of the Bank.

Section 4.Time Devoted. Executive shall devote substantially all of his productive time, ability and attention to, and shall diligently and conscientiously use his best efforts to further, the Company’s business, and shall not perform such services for any person other than the Company. Allocation of Executive’s time among his duties to and office with the Parent and the Bank, respectively, will be within Executive’s sole discretion, except as otherwise specifically directed by the Parent Board from time to time. Notwithstanding the foregoing provisions of this Section 4, Executive may devote reasonable time to activities other than those required under this Agreement, including the supervision of his personal investments, and activities involving professional, charitable, educational, religious and similar types of organizations, speaking engagements, membership on the boards of directors of other organizations, and similar activities, to the extent that such other activities do not inhibit or prohibit the performance of Executive’s duties under this Agreement, or conflict in any material way with the business or interests of the Company; provided, however, that Executive shall not serve on the board of directors of any business, or hold any other position with any other for profit business, without the prior written consent of the Parent Board.

Section 5.Place of Service. Subject to the need for business travel from time to time, Executive will be based at the principal executive offices of the Parent located in the greater Los Angeles metropolitan area.

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Section 6.Board Service. Executive is currently serving as a member of the Parent Board and the Bank Board. The Company will use all reasonable efforts to cause Executive to be nominated for re-election each time Executive’s term as a director expires to the Parent Board, while Executive is employed by the Parent, and to the Bank Board, while Executive is employed by the Bank. Executive agrees to serve as a member of the Parent Board and the Bank Board, as well as a member of any committee(s) of the Parent Board and Bank Board to which Executive may be elected or appointed, without additional compensation or directors’ fees. Neither the modification of this Agreement (including its termination) nor the termination of Executive’s employment will adversely impact the term of Executive’s seats on the Boards.

Section 7.Term; At-Will Employment.

Section 7.01. Term. Subject to the provisions for termination set forth in this Agreement, and notwithstanding the Agreement Date, the initial term of employment under this Agreement shall begin effective as of and on April 1, 2017 (“Commencement Date”) and, unless sooner terminated pursuant to this Agreement, shall end on March 31, 2022 (the “Initial Term”). Unless a Non-Renewal Notice (as defined below) is given prior to the end of the Initial Term, as herein provided, or Executive’s employment is earlier terminated in accordance with the terms hereof, at the end of the Initial Term and each anniversary thereof, the period of Executive’s employment under this Agreement shall be automatically extended for an additional twelve (12) - month period (each a “Renewal Term”); provided, however that the Term shall not be so extended beyond March 31, 2024. The Company or Executive may elect to terminate the automatic extension of the Initial Term or the automatic extension of a Renewal Term by giving written notice of such election not less than sixty (60) days prior to the end of the Initial Term or the then current Renewal Term, as applicable (a “Non-Renewal Notice”). The date on which the term of Executive’s employment under this Agreement expires or is terminated pursuant to the provisions of this Agreement (whether by Non-Renewal or otherwise) shall be referred to herein as the “Termination Date.” The capitalized word “Term” as used herein shall mean the period beginning on the Commencement Date and ending on the Termination Date.

Section 7.02. At Will Employment. Notwithstanding anything to the contrary which may be contained in this Agreement, Executive’s employment hereunder is at will, which means that (a) the Company has the right to terminate Executive’s employment hereunder at any time, with or without Cause or reason, or for no reason at all, pursuant to Section 12.04 of this Agreement, and (b) the Company acknowledges that Executive has the right to terminate Executive’s employment hereunder at any time, with or without Cause or reason, or for no reason at all, effective upon at least ninety (90) days prior written notice to the Company, pursuant to Section 12.06 of this Agreement.

Section 8.Cash Compensation.

Section 8.01. Annual Base Salary. In consideration of the services rendered by Executive under this Agreement, the Company shall pay Executive an aggregate annual base salary (the “Annual Base Salary”) at the initial rate of $840,000 per calendar year, beginning as of the Commencement Date. The Annual Base Salary shall be paid in such installments and at such times as the Company pays its regularly salaried executives. The Parent Board will review at least annually the Annual Base Salary payable to Executive and may, in its sole discretion, adjust Executive’s rate of compensation. Any such adjustment in Annual Base Salary shall be and become the “Annual Base Salary” for purposes of this Agreement from and after the effective date of such adjustment.

Section 8.02. Annual Bonus. Each fiscal year during the Term, Executive shall be eligible to earn an annual bonus (“Annual Bonus”), with an annual target bonus opportunity equal to at least seventy-five percent (75%) of Executive’s Annual Base Salary in effect when the Annual Bonus terms for the year are approved. The actual Annual Bonus earned may be greater or less than the target Annual Bonus opportunity, depending on the level of achievement of applicable goals. The Annual Bonus may be based on individual and/or Company-related performance objectives, each of which shall be determined in good faith by the Human Resources and Compensation Committee of the Parent Board (the “Committee”). Except as otherwise provided in Section 13.01(b), Executive must remain employed through the last day of the fiscal year to which the Annual Bonus relates, and must have received at least an “Acceptable” overall rating in his Chief Executive Officer evaluation for that year, to earn and be entitled to payment of any Annual Bonus for that year. Each Annual Bonus shall be paid in the year (not later than March 15^th of the year) following the fiscal year to which the bonus relates.

Section 8.03. Payment. All cash compensation (including, without limitation, Annual Base Salary and Annual Bonuses) payable to Executive under this Agreement shall be paid in accordance with all relevant Company policies and directives, rules and regulations, and accounting policies then in effect from time to time and shall be subject to all applicable employment and withholding taxes. Executive shall be responsible for any taxes resulting from a determination that any portion of any benefits supplied to him under this Agreement may be reimbursing personal, as well as business expenses.

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Section 9.     Equity Incentive Awards. Each fiscal year during the Term, Executive shall be granted equity-based incentive awards (the “Equity Awards”) under the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan (as may be amended from time to time, or a successor plan) with an aggregate grant date fair value equal to at least one-hundred and twenty-five percent (125%) of Executive’s Annual Base Salary in effect when the awards are granted. Subject to the foregoing, the form and terms of the Equity Awards will be determined by the Committee and may contain service-based and/or performance-based vesting conditions, which shall be determined in good faith by the Committee.

Section 10.Long-Term Incentive Plan. It is acknowledged that the Company adopted and implemented the 2008 Long-Term Incentive Plan (“LTIP”) for Executive. The Company, at its discretion, may adopt and implement a supplemental executive retirement plan (“SERP”) during the Term for Executive.

Section 11.Benefits. Except as otherwise provided in this Agreement, in addition to the compensation, equity incentive awards and, if adopted, SERP described in Sections 8, 9 and 10 of this Agreement, during the Term Executive shall be entitled to the following additional benefits:

Section 11.01. Paid Vacation. Executive shall be entitled to four (4) weeks paid vacation per calendar year, such vacation to extend for such periods and shall be taken at such intervals as shall be appropriate and consistent with the proper performance of Executive’s duties hereunder, as determined within Executive’s discretion. All unused vacation at the end of each calendar year shall accrue; provided, however, that the maximum amount of unused vacation that can be accrued shall be six (6) weeks.

Section 11.02. Welfare Benefit Plans. During the Term, Executive and Executive’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company to similarly-situated executives of the Company (including, without limitation, medical, prescription, dental, disability, salary continuance, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other executives of the Company, as long as they are kept in force by the Company and provided that Executive meets the eligibility requirements of the respective welfare benefit plans; provided, however, that Executive shall not be eligible to participate in any severance plan or policy during the Term. Nothing contained herein shall limit the right of the Company, in its sole and absolute discretion, to modify, amend or discontinue any of the welfare benefit plans.

Section 11.03. Automobile Benefit. Throughout the Term, Executive shall be entitled to the exclusive use of a company car of such type and quality as Company deems reasonable for Executive’s position. Company shall replace such company car from time to time with new vehicles, such that the company car provided to Executive shall not be older than 3 (three) years. All expenses of maintenance, operation, insurance and other like expenses shall be paid by Company or reimbursed by Company to Executive.

Section 11.04. Reimbursement of Expenses. During the Term, the Company shall reimburse Executive for all reasonable and necessary expenses actually incurred by Executive in connection with the business affairs of the Company and the performance of Executive’s duties hereunder, upon presentation of proper receipts or other proof of expenditure and subject to compliance with such limitations and reporting requirements with respect to such expenses as the Company may establish from time to time. All reimbursements shall be made by the Company in the ordinary course of business after Executive presents the proper receipts and other proof of expenditure to the Company; provided that, in any event, all reimbursements shall be made by the Company not later than fifteen (15) days after the submission of all required documentation to the Company.

Section 11.05. Club Memberships.

(a)Executive is a member of the California Club (the “Social Club”) and a member of the Wilshire Country Club (the “Country Club”). The Social Club membership and the Country Club membership are in the name of Executive.

(b)During the Term, the Company shall reimburse Executive for the monthly membership fees and monthly dues for the Social Club and the Country Club. In addition, during the Term the Company shall reimburse Executive for all reasonable Company business related expenses incurred at the Social Club and the Country Club, under the provisions of Section 11.04 of this Agreement.

Section 11.06. Other Benefit Plans. During the Term, Executive shall be entitled to participate in all incentive, savings, retirement and pension plans, practices, policies and programs applicable generally to other executives of the Company as determined by the Parent Board and the Bank Board, from time to time, as long as they are kept in force by the Company and provided that Executive meets the eligibility requirements of the respective benefit plans. Nothing contained herein shall limit the right of the Company, in its sole and absolute discretion, to modify, amend or discontinue any of the benefit plans.

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Section 12.Termination. Executive’s employment shall terminate at the end of the Term or earlier as follows:

Section 12.01. Death. Executive’s employment shall automatically terminate upon the death of Executive and all rights of Executive and Executive’s heirs, executors and administrators to compensation and other benefits shall cease, except (i) to the extent that any dependents are enrolled in benefit plans that have continuing application or renewability, and (ii) with respect to “Accrued Benefits” (as this term is defined in Section 13.01(b)).

Section 12.02. Permanent Disability. In the event Executive is determined to be “Disabled,” the Company shall have the right, to the extent permitted by applicable law, to terminate Executive’s employment by giving Executive thirty (30) days advance written notice. For purposes of this Agreement, “Disabled” or “Disability” shall mean the absence of Executive from Executive’s duties and responsibilities with the Company, or the failure of Executive to perform a material portion of Executive’s duties and responsibilities hereunder, on a full-time basis for more than sixty (60) consecutive days or more than one hundred and twenty (120) days in any given 365-day period, as a result of incapacity due to mental or physical illness (from any cause whatsoever) which, in the written opinion of a physician selected by the Company or its insurers, renders Executive unable to perform or incapable of performing a material portion of Executive’s duties and responsibilities hereunder, after giving effect to the Company providing Executive with reasonable accommodations for such “Disability”. If, however, Executive or Executive’s legal representative disputes the written opinion of such physician, then Executive shall be entitled to obtain a second opinion from a physician of Executive’s choice. Should the two physicians disagree, the matter will be submitted to a third physician, mutually chosen by the parties or, if they cannot agree, by the first and second physician, whose opinion shall control and constitute the determination of “Disability”. No termination shall occur until there is a final unobjected determination of Disability.

Section 12.03. By the Company For Cause. The employment of Executive may be terminated by the Company for Cause (as defined below) at any time by giving written notice to Executive, which written notice shall specify in reasonable detail the nature of the facts and circumstances that the Company believes gives rise to the basis for the “Cause” termination. For purposes hereof, the term “Cause” shall mean the occurrence of any one or more of the following:

(a)Executive shall have been indicted for, or convicted of, or shall have pleaded guilty or nolo contendere to, any felony, or any crime (other than a felony) that involves fraud or other moral turpitude;

(b)Executive shall have failed, neglected or refused, either due to willful action or inaction or as a result of gross neglect, to substantially, materially and properly perform Executive’s duties and responsibilities to the Company under this Agreement (other than as a result of Disability) that, if capable of being cured, has not been cured within thirty (30) days after written notice is delivered to Executive by the Parent Board or Bank Board, or a representative thereof, as applicable, which notice specifies in reasonable detail the manner in which the Company believes Executive has not substantially performed his duties and responsibilities and the manner in which a cure may be effected. If in the good faith determination of the applicable Board, such failure, neglect or refusal is not capable of being cured, then no such 30-day notice is required to be given;

(c)Executive shall have failed, neglected or refused, either due to willful action or inaction or as a result of gross neglect, to carry out, to the extent of his reasonable control, the reasonable and lawful instructions of the Parent Board or the Bank Board (other than as a result of Disability), which instructions are consistent with Executive's position as Chief Executive Officer and President and Executive’s duties and responsibilities under this Agreement, which failure, neglect or refusal shall not have been corrected or suitably supported by Executive within thirty (30) business days following written notice from the Parent Board or Bank Board, or a representative thereof, as applicable, of such failure, neglect or refusal;

(d)Executive shall have materially breached any provision of Section 14 or Section 15 of this Agreement;

(e)Executive shall have committed, or participated in or authorized, any fraud, embezzlement, misappropriation of funds or other assets, material misrepresentation (including, without limitation, any material representation of the information contained in Executive’s resume or application for employment), breach of fiduciary duty or other act of dishonesty, in either case against or otherwise involving the Company or its businesses and assets;

(f)Executive shall have engaged in any conduct resulting in a substantial loss or harm to the Company or substantial damage or harm to the reputation of the Company, unless the conduct in question was undertaken in good faith on an informed basis, with due care and with a rational business purpose, and based upon the honest belief that such conduct was in the best interest of the Company;

(g)Provided that counsel to the Company or any lawfully convened Board did not advise or instruct Executive that it was lawful to agree to or participate in the conduct that is the subject of any such action, Executive shall have been found liable in any SEC or other civil or criminal securities law action or received or entered into any cease and desist order with respect to such action (regardless of whether or not Executive admits or denies liability);

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(h)Executive (i) obstructs or impedes, (ii) endeavors to influence, obstruct or impede, or (iii) fails to materially cooperate with, any investigation authorized by the Parent Board or the Bank Board, or (unless the Parent Board otherwise directs) any governmental or self-regulatory entity (an “Investigation”); provided, however, that Executive’s failure to waive the attorney-client privilege relating to communications with Executive’s own attorney or with Company counsel in connection with an Investigation shall not constitute “Cause” hereunder;

(i)Executive removes, conceals, destroys, purposely withholds, alters or by any other means falsifies any material that is requested in connection with an Investigation;

(j)Executive is disqualified, barred, ordered or otherwise required by any governmental or self-regulatory authority from serving as an officer or director of the Company or Executive loses any governmental or self-regulatory license that is reasonably necessary for Executive to perform Executive’s duties and responsibilities to the Company under this Agreement, if the disqualification, bar or loss continues for more than thirty (30) days. While any disqualification, bar or loss continues during Executive’s employment, Executive will serve in the capacity contemplated by this Agreement to whatever extent legally permissible and, if such employment is not permissible, Executive will be placed on leave (which will be paid to the extent legally permissible); or

(k)Executive violates the Company’s (i) workplace violence policy or (ii) policies on discrimination, unlawful harassment or substance abuse, provided that such violation is determined by a competent and thorough internal investigation of the Company, the written findings of which are presented to Executive or, upon the disagreement by Executive with the results of the determination arising from such investigation, the final and non-appealable order of a court of competent jurisdiction that rules on the alleged violation.

For purposes of this definition of “Cause”, no act or omission by Executive will be “willful” unless it is made by Executive in bad faith or without a reasonable belief that Executive’s act or omission was in the best interests of the Company.

Section 12.04. By the Company without Cause. The Company may terminate Executive’s employment at any time without Cause, or without any other cause or reason, or for no reason at all, effective thirty (30) days following the receipt by Executive of written notice of such termination from the Company.

Section 12.05. By Executive for Good Reason.

(a)    Executive may terminate Executive’s employment for Good Reason as set forth in this Section 12.05(c) following the occurrence of a Good Reason event. Such notice must provide a reasonably detailed explanation of the Good Reason. For this purpose, the term “Good Reason” shall mean: (i) any reduction in Annual Base Salary (ii) any material reduction or lessening in scope of Executive’s authority, duties or responsibilities as initially or customarily afforded to the positions held by Executive, orally, in writing or by custom and practice; (iii) the relocation by the Company of Executive's primary place of employment with the Company to a location outside of the Los Angeles metropolitan area; (iv) any requirement that Executive report to another officer or employee instead of reporting directly to the Parent Board and the Bank Board; or (v) any other action or inaction that constitutes a material breach or material abuse of discretion by the Company of its duties and obligations under this Agreement.

(a)The events described in Section 12.05(a)(i) through (v) above shall constitute Good Reason only if: (i) Executive gives the Company written notice of Executive’s intention to terminate for Good Reason, which written notice shall specify in reasonable detail the nature of the events, facts and circumstances giving rise to such Good Reason, within thirty (30) days following the later of the occurrence of such events, facts or circumstances or Executive’s first awareness of such events, facts or circumstances; and (ii) the Company fails to cure such events, facts or circumstances so as to remove such Good Reason within thirty (30) days after receipt of such written notice from Executive.

(b)Executive may terminate Executive’s employment for the Good Reason specified in the written notice referred to in Section 12.05(b)(i) above, if (i) the Company has failed to cure such events, facts or circumstances so as to remove such Good Reason within the 30-day cure period referred to in Section 12.05(b)(ii) above and (ii) Executive gives the Company written notice of such termination (and terminates employment) within thirty (30) days after the expiration of the 30-day cure period referred to in Section 12.05(b)(ii) above.

Section 12.06. By Executive Voluntarily. Executive may terminate Executive’s employment at any time without Good Reason or without any other cause or reason, or for no reason at all, effective upon at least ninety (90) days prior written notice to the Company.

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Section 13.Termination Payments, Benefits and Obligations

Section 13.01. Voluntary Termination by Executive without Good Reason, Termination By Company For Cause, Termination Upon Disability or Death.

(a)Upon any termination of Executive’s employment either (i) voluntarily by Executive without Good Reason as provided in Section 12.06 or otherwise, (ii) by the Company for Cause as provided in Section 12.03, (iii) due to the Disability of Executive as provided in Section 12.02, or (iv) as a result of Executive’s death pursuant to Section 12.01, all payments, salary and other benefits hereunder shall cease at the effective date of such termination.

(b)Notwithstanding the foregoing, Executive shall be entitled to receive from the Company (i) all salary earned or accrued and unpaid through the date Executive’s employment is terminated, (ii) all Annual Bonuses earned for calendar years completed prior to the effective date of Executive’s termination to the extent unpaid, (iii)so long as Executive’s employment hereunder has not been terminated by the Company for Cause and has not been terminated by the Executive without Good Reason, a pro-rata portion of the Annual Bonus for the portion of the year completed up to the Termination Date, which prorated portion will be based on actual performance through the entire year (calculated as if Executive had remained employed) and will be paid at the same time it would have been paid had Executive remained employed, (iv) reimbursement for any and all monies advanced in connection with Executive’s employment for reasonable and necessary expenses incurred by Executive through the date Executive’s employment is terminated, and (v) all other payments and benefits to which Executive may be entitled under the terms of any applicable compensation arrangement or benefit plan or program of the Company, including, but not limited to, any earned and accrued, but unused vacation pay (the foregoing subsections (i)-(v) collectively, “Accrued Benefits”), except that Accrued Benefits shall not include any entitlement to severance under any Company severance plan or policy.

Section 13.02. Termination by the Company without Cause or by Executive with Good Reason Before a Change in Control. If Executive’s employment is terminated by the Company without Cause (and not due to Executive’s Disability), or by Executive with Good Reason, and such termination is not covered by Section 13.03 below, then Executive shall be entitled to receive the following amounts and benefits, as Executive’s exclusive right and remedy in respect of such termination:

(a)Executive’s Accrued Benefits;

(b)Severance pay (referred to herein as “Severance”) equal to one and one-half (1½) times Executive’s then current Annual Base Salary, payable in a lump-sum within thirty (30) days after the Termination Date;

(c)All of Executive’s outstanding equity-based awards that are unvested as of the effective date of such termination of employment referred to in this Section 13.02, shall automatically become fully vested as of the date of such termination of employment; provided, however, that, to the extent an Award, not including stock options or stock appreciation rights, is intended to qualify as performance-based compensation for purposes of Internal Revenue Code Section 162(m), such award shall remain subject to applicable performance conditions and will vest only to the extent the performance conditions of the Award or portions thereof are satisfied; and

(d)If Company has adopted a SERP for Executive, all amounts and other benefits to be provided to Executive under the SERP that (i) have been accrued as of the date immediately preceding the effective date of such termination of employment, (ii) are subject only to time-based vesting requirements as of the day immediately preceding the effective date of such termination of employment, and (iii) are unvested as of the day immediately preceding the effective date of such termination of employment referred to in this Section 13.02, shall automatically become fully vested as of the date of such termination of employment.

(e)Notwithstanding any other provision of this Agreement to the contrary, any payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with 12 U.S.C. § 1828(k) and any regulations promulgated thereunder, including 12 C.F.R. Part 359.

Section 13.03. Termination by the Company without Cause or by Executive with Good Reason After a Change in Control. If Executive’s employment is terminated by the Company without Cause (and not due to Executive’s Disability), or by Executive with Good Reason, after a “Change in Control” (as defined in Exhibit B annexed to this Agreement) and prior to the first anniversary of such Change in Control, then Executive shall be entitled to receive the amounts and benefits set forth in Section 13.02, except that the Severance amount shall be equal to two and one-half (2½) times Executive’s then current Annual Base Salary.

Section 13.04. Termination by Non-Renewal Notice. If Executive’s employment is terminated by the Company or by Executive pursuant to a Non-Renewal Notice, then Executive shall be entitled to receive the Accrued Benefits, as Executive’s exclusive right and remedy in respect of such termination.

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Section 13.05. Release Agreement. All payments under this Section 13 (other than Accrued Benefits) are conditioned on Executive executing a Release Agreement in the form attached hereto as Exhibit A (the “Release Agreement”) (which Release Agreement may be updated by the Company from time to time but only to reflect changes in applicable law from and after the date of this Agreement) within twenty one (21) days following the Termination Date (or forty-five (45) days following the Termination Date if Executive’s termination is part of a group termination as set forth in 29 U.S.C. §626(f)(1)(F)(ii)), and not revoking any of his obligations under the Release Agreement within any applicable revocation period (the “Release Expiration Date”). For the avoidance of doubt, and notwithstanding anything to the contrary contained herein, in the event (i) the Release Agreement is not executed by Executive within twenty-one (21) or forty-five (45) days of the Termination Date, as the case may be, or (ii) is executed by Executive within such applicable period but is revoked within any applicable revocation period, Executive shall forfeit the right to any payments and benefits under this Section 13 (other than Accrued Benefits and benefits already vested as of the Termination Date), including, without limitation, Severance. In any case where the Termination Date and the Release Expiration Date fall in two separate taxable years, any payments required to be made to Executive that are conditioned on the Release Agreement and are treated as “nonqualified deferred compensation” within the meaning of Section 409A (as defined in Section 19.03) shall be made in the later taxable year.

Section 13.06. Offset. The Company shall be entitled to set off against the Severance payable to Executive under this Section 13 of this Agreement any undisputed amounts owed to the Company by Executive; provided, however, that in no event shall any payment under this Agreement that constitutes “nonqualified deferred compensation” within the meaning of Section 409A (as defined in Section 19.03) be subject to offset by any other amount unless otherwise permitted by Section 409A. Any of the disputed amounts must be pursued under the provisions of Section 19.10 herein and may not be unilaterally charged by the Company against any Severance otherwise due.

Section 13.07. Accrued Benefits. Notwithstanding anything else herein to the contrary, all Accrued Benefits to which Executive (or Executive’s estate or beneficiary) is entitled shall be payable in cash or requested wire transfer on the earlier of the date required for such payment under applicable law or within thirty (30) days following termination of Executive’s employment, except as otherwise specifically provided herein, or under the terms of any applicable policy, plan or program.

Section 13.08. No Other Benefits. Except as specifically provided in this Section 13, Executive shall not be entitled to any other compensation, severance or other employment benefits from the Company or any of its subsidiaries or affiliates upon the termination of Executive’s employment.

Section 13.09. Survival of Certain Provisions. Provisions of this Agreement shall survive any termination of employment if so provided herein or if necessary or desirable to fully accomplish the purposes of such provision, including, without limitation, the obligations of Executive under Sections 14 and 15 hereof and the obligations of the Company under Section 13 hereof. The obligation of the Company to make payments to or on behalf of Executive under Section 13 hereof is expressly conditioned upon Executive’s continued full performance of his obligations under Sections 14 and 15 hereof.

Section 13.10. Public Statement of Termination. In the event Executive’s employment terminates for any reason, the Company and Executive, or their respective representatives, shall negotiate in good faith in an effort to mutually agree upon a public statement pertaining to Executive’s termination of employment, and the terms of said statement shall not be subject to subsequent modification by either party unless required by law; provided, however, that in the event the Company and Executive are unable in good faith to agree on such a statement, the Company may make public statements as are necessary to comply with applicable law.

Section 13.11. Golden Parachute Limitation. Any compensation and benefits payable or provided (or to be paid or provided) to Executive under this Agreement or any other agreement, plan or arrangement, including, without limitation, the compensation and benefits set forth in Section 13 of this Agreement will be reduced as provided below to avoid the penalties imposed on “Parachute Payments” (as defined in Section 13.11(a) below) under the Internal Revenue Code of 1986, as amended.

(a)If the present value of all Executive’s Severance and other payments and benefits provided under this Agreement or any other agreement, plan or arrangement is high enough to cause any such payment or benefit to be a “parachute payment” (as defined in Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended) (a “Parachute Payment”), then one or more of such payments and benefits will be reduced by the minimum amount required to prevent any such payments and benefits from being a Parachute Payment.

(b)If a reduction in the payments or benefits is necessary and none of the payments or benefits constitute “nonqualified deferred compensation” within the meaning of Section 409A (as defined in Section 19.03), then the reduction shall occur in the manner Executive elects in writing. If any such payments or benefits constitute “nonqualified deferred compensation” within the meaning of Section 409A (as defined in Section 19.03) or if Executive fails to elect an order,

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then the payments and/or benefits to be reduced will be determined in a manner which has the least economic cost to Executive and, to the extent the economic cost is equivalent, will be reduced in the inverse order of when payment would have been made to Executive, until the reduction is achieved.

(c)The determination of whether the present value of all of Executive’s Severance and other payments and benefits provided by the Company under this Agreement is high enough to cause any such payment to be a Parachute Payment, and the amount of the reduction (and, if applicable, the ordering of such reduction pursuant to the second sentence of Section 13.10(b)) necessary to prevent the Severance and other payments and benefits under this Agreement from being such a Parachute Payment, shall be made by an accounting firm selected by the Parent Board prior to the applicable Change in Control and shall be binding and conclusive on Executive.

Section 13.12 Resignation from Positions. As of the Termination Date, Executive shall resign from all positions held with the Company (including as an officer, trustee, general partner or in any other capacity in which he is serving with any entity at the request of the Company or by reason of his service for the Company) other than his director positions on the Parent Board and the Bank Board.

Section 13.13 Post-Termination Cooperation. From and after the Termination Date, Executive agrees to cooperate fully with the Company in connection with any existing or future investigations, claims, litigation, audits or similar actions involving the Company or its affiliates, whether administrative, civil or criminal in nature, in which and to the extent the Company deems Executive’s cooperation necessary. The Company shall pay all reasonable, documented travel and other expenses incurred by Executive in connection with providing his cooperation if the expenses and costs are approved in advance in writing by the Company. Executive also agrees to respond to requests from the Company and its counsel for information needed to prepare such operational, financial and other reports, filings and documents that relate to the time period during which Executive provided services to the Company or to the termination of his services.

Section 14.Confidential and Proprietary Information; Non-Disclosure of Third Party Information.

(a)As a condition of Executive’s employment, Executive will hold all the Company’s confidential and proprietary information in confidence and will not disclose, use, copy, publish, summarize, or remove from the premises of the Company any proprietary or confidential information, except as is necessary to carry out his assigned responsibilities as a Company employee. “Confidential” and “Proprietary” Information shall have the meaning described in the Company’s Code of Ethics and Business Conduct, and shall include, but is not limited to, all information related to any aspect of the business of the Company that is either information not known by actual or potential competitors of the Company or is proprietary information of the Company, whether of a technical nature or otherwise. Such information includes promotional methods, marketing plans, and trade secrets, lists of customer names and information or personnel lists of suppliers, business plans, business opportunities, or financial statements to the extent not publicly available.

(b)Executive represents, warrants and covenants that Executive shall not disclose to the Company, or use, or induce the Company to use, any proprietary information or trade secrets of others at any time, including, but not limited, to any proprietary information or trade secrets of any former employer, if any. Executive acknowledges and agrees that any violation of this provision shall be grounds for Executive’s immediate termination and could subject Executive to substantial civil liabilities and criminal penalties. Executive further specifically and expressly acknowledges that no officer or other employee or representative of the Company has requested or instructed Executive to disclose or use any such third party proprietary information or trade secrets.

(c)Notwithstanding anything to the contrary in this Agreement, Executive understands that nothing in this Agreement, including this Section 14, is intended to prohibit Executive, and Executive is not prohibited, from reporting possible violations of law to, filing charges with, or making disclosures protected under the whistleblower provisions of U.S. federal law or regulation, or participating in investigations of U.S. federal law or regulation by the U.S. Securities and Exchange Commission, National Labor Relations Board, Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, the U.S. Department of Justice, the U.S. Congress, any U.S. agency Inspector General or any self-regulatory agencies such as the SEC or federal, state or local governmental agencies (collectively, “Government Agencies,” and each a “Government Agency”). Accordingly, Executive does not need the prior authorization of the Company to make any such reports or disclosures or otherwise communicate with Government Agencies and is not required to notify the Company that he has engaged in any such communications or made any such reports or disclosures. In addition, Executive is hereby notified that 18 U.S.C. § 1833(b) states as follows:

“An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that-(A) is made-(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or

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investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.”

Accordingly, notwithstanding anything to the contrary in this Agreement, Executive understands that he has the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. Executive understands that he also has the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure. Executive understands and acknowledges that nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b).

Section 15.Non-Solicitation of Employees. During the period commencing on the Agreement Date and ending on the first (1^st) anniversary of the Termination Date, Executive shall not, except on behalf of the Company, directly or indirectly, either alone or with others, solicit or encourage others to solicit any (i) current employee of the Company or (ii) employee of the Company whose employment with the Company or its affiliates was or is terminated coincident with, or within six (6) months prior to or after, the Termination Date, in each case for the purpose of being employed by, or otherwise provide services to, Executive or any business, individual, partnership, firm, corporation or other entity on whose behalf Executive is acting as an agent, representative, employee or otherwise, or for the purpose of inducing such employee to leave the employ of the Company.

Section 16.Remedies. It is specifically understood and agreed that any breach of the provisions of Sections 14 or 15 of this Agreement is likely to result in irreparable injury to the Company and that the remedy at law alone will be an inadequate remedy for such breach, and that in addition to any other remedy it may have, the Company shall be entitled to enforce the specific performance of this Agreement by Executive and to seek both temporary and permanent injunctive relief (to the extent permitted by law) without bond and, except for the rights under Section 19.10(c) herein, without liability should such relief be denied, modified or violated. Neither the right to obtain such relief nor the obtaining of such relief shall be exclusive or preclude the Company from any other remedy.

Section 17.Severable Provisions. The provisions of this Agreement are severable and the invalidity of any one or more provisions shall not affect the validity of any other provision. In the event that a court of competent jurisdiction shall determine that any provision of this Agreement or the application thereof is unenforceable in whole or in part because of the duration or scope thereof, the parties hereto agree that said court in making such determination shall have the power to reduce the duration and scope of such provision to the extent necessary to make it enforceable, and that the Agreement in its reduced form shall be valid and enforceable to the fullest extent permitted by law. The parties further agree that, if the court is unwilling to reduce the duration or edit the scope of such provision, and elects to simply negate or excise it, the Agreement in its modified state shall continue to be valid and enforceable as between the parties so long as the negated or excised portion is not a material part or a material provision of this Agreement.

Section 18.Notices. All notices required or permitted to be given under this Agreement, to be effective, shall be in writing and shall be delivered by hand (deemed accepted on delivery), sent by overnight courier (deemed accepted on the day following the date evidenced by the carrier of delivery to it) or mailed by certified mail (deemed accepted five (5) days following the date reflected on the certificate of mailing), in each case, postage and fees prepaid, as follows:

If to the Company or the Bank, then to:

Hope Bancorp, Inc.

3200 Wilshire Blvd., Suite 1700

Los Angeles, CA 90010

Attention: Legal Department

with copies (which shall not constitute notice) to:

Morrison & Foerster LLP

707 Wilshire Boulevard, Suite 6000

Los Angeles, California 90017

Attention: Henry M. Fields

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If to Executive:

595 Meadow Grove Street

La Canada Flintridge, California 91011, or

to his last address set forth on the payroll records of the Company.

With copies (which shall not constitute notice) to:

Blank Rome, LLP

2029 Century Park East

Sixth Floor

Los Angeles, California 90067

Attention: Jeffrey R. Richter

or to such other address as a party may notify the other pursuant to a notice given in accordance with this Section 18.

Section 19.Miscellaneous.

Section 19.01. Amendment. This Agreement may not be amended or revised except by a writing signed by the parties.

Section 19.02. Assignment and Transfer. The obligations of Executive may not be delegated and Executive may not, without the Company’s prior written consent thereto, assign, transfer, convey, pledge, encumber, hypothecate or otherwise dispose of this Agreement or any interest herein. Any such attempted delegation or disposition shall be null and void and without effect. The Company and Executive agree that this Agreement and all of the Company’s rights and obligations hereunder may be assigned or transferred by the Company to and may be assumed by and become binding upon and may inure to the benefit of any affiliate of or successor to the Company. The term “successor” shall mean (with respect to the Company) any other corporation or other business entity that, by merger, consolidation, stock purchase, purchase of the assets, or otherwise, acquires all or a material part of its assets. Any assignment by the Company of its respective rights or obligations hereunder to any affiliate of or successor to the Company shall not be a termination of employment for purposes of this Agreement. Nothing in this Section 19.02 shall obviate the provisions of Exhibit B regarding Change in Control.

Section 19.03. Section 409A.

(a)To the maximum extent permitted under Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), the Severance and other payments and benefits payable to Executive under this Agreement are intended to be exempt from Section 409A in reliance on the “separation pay exception” under Section 1.409A-1(b)(9)(iii) of the Department of Treasury final regulations and/or the “short-term deferral exception” under Section 1.409A-1(b)(4) of the Department of Treasury final regulations. To the extent any provision of this Agreement is ambiguous as to its compliance with Section 409A (or an exemption therefrom), such provision will be read in such a manner so that all payments hereunder comply with Section 409A (or an exemption therefrom). The parties hereto acknowledge and agree that the interpretation of Section 409A and its application to the terms of this Agreement is uncertain and may be subject to change as additional guidance and interpretations become available. In no event shall the Company or an affiliate be liable for any additional tax, interest or penalty that may be imposed on Executive pursuant to Section 409A or damages for failing to comply with Section 409A. Anything to the contrary herein notwithstanding, all benefits or payments provided by the Company to Executive that would be deemed to constitute “nonqualified deferred compensation” within the meaning of Section 409A are intended to comply with Section 409A. If, however, any such benefit or payment is deemed to not comply with Section 409A, the Company and Executive agree to renegotiate in good faith any such benefit or payment (including, without limitation, as to the timing of any Severance payable hereunder) so that either (i) Section 409A will not apply or (ii) compliance with Section 409A will be achieved.

(b)A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A upon or following a termination of employment unless such termination is also a “separation from service” as defined in Section 1.409A-1(h) of the Department of Treasury final regulations, including the default presumptions, and for purposes of any such provision of this Agreement, references to a “resignation,” “termination,” “terminate,” “termination of employment” or like terms shall mean separation from service.

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(c)If any payment, compensation or other benefit provided to Executive in connection with Executive’s employment termination is determined, in whole or in part, to constitute “nonqualified deferred compensation” within the meaning of Section 409A and Executive is a “specified employee” as defined in Section 409A(a)(2)(B)(i), then no portion of such “nonqualified deferred compensation” shall be paid before the earlier of (i) the first regularly scheduled payroll date following the sixth (6th) month after the Termination Date or (ii) the first regularly scheduled payroll date following Executive’s death (the “New Payment Date”). The aggregate of any payments that otherwise would have been paid to Executive during the period between the Termination Date and the New Payment Date shall be paid to Executive in a lump sum on such New Payment Date. Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay over the time period originally scheduled, if applicable, in accordance with the terms of this Agreement. Notwithstanding the foregoing, to the extent that the foregoing applies to the provision of any ongoing welfare benefits to Executive that would not be required to be delayed if the premiums therefor were paid by Executive, Executive shall pay the full cost of premiums for such welfare benefits during the six-month period and the Company shall pay Executive an amount equal to the amount of such premiums paid by Executive during such six-month period promptly after its conclusion. It is specifically agreed that the amounts payable under Section 13.02(b) and 13.03(b) are exempt from Section 409A under the “separation pay exception” under Section 1.409A-1(b)(9)(iii) and/or the “short-term deferral exception” under Section 1.409A-1(b)(4) of the Department of Treasury final regulations and, therefore, are not subject to the six month delay requirement of this Subsection (c).

(d)All reimbursements for costs and expenses under this Agreement shall be paid in no event later than the end of the taxable year of Executive following the taxable year in which Executive incurs such expense. With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit and (ii) the amount of expenses eligible for reimbursements or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year, provided, however, that the foregoing clause (ii) shall not be violated with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Internal Revenue Code of 1986, as amended, solely because such expenses are subject to a limit related to the period the arrangement is in effect.

(e)For purposes of Section 409A, Executive’s right to receive any installment payments, if any, pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments.

(f)Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within thirty (30) days following the Termination Date”), the actual date of payment within the specified period shall be within the sole discretion of the Company.

Section 19.04. Recoupment Policy. Executive hereby understands and agrees that Executive is subject to the Company’s recoupment policy. Under the policy applicable to the Company’s senior executives as of the Agreement Date, subject to the discretion and approval of the Parent Board and the Bank Board, as applicable, the Company may, to the extent permitted by governing law, require reimbursement or cancellation of any bonus or other incentive compensation, including stock-based compensation, awarded to Executive where all of the following factors are present: (a) the award was predicated upon the achievement of certain financial results that were subsequently the subject of a material restatement, (b) the Parent Board and the Bank Board, as applicable, determines that Executive engaged in fraud or intentional misconduct that was a substantial contributing cause to the need for the restatement, and (c) a lower award would have been made to Executive based upon the restated financial results. In each instance, the Company may seek to recover Executive’s entire annual bonus payment and gain from such incentive or stock-based compensation received by Executive within the relevant period, plus a reasonable rate of interest.

Section 19.05. Compliance with Safety and Soundness Standards. Notwithstanding anything contained herein to the contrary, in no event shall the total compensation paid out upon the departure of Executive to Executive be in excess of that considered by the Federal Deposit Insurance Corporation, Federal Reserve Board, or the California Commissioner of Financial Institutions to be safe and sound at the time of such payment, taking into consideration all applicable laws, regulations, or other regulatory guidance. Any payments made to Executive, pursuant to this Agreement or otherwise, are subject to and conditioned upon compliance with 12 U.S.C. Section 1828(k) and any regulations promulgated thereunder.

Section 19.06. Waiver of Breach. A waiver by the Company or Executive of any breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any other or subsequent breach by the other party. Under no circumstances shall Executive be deemed to have waived any rights that are non-waivable under applicable law.

Section 19.07. Entire Agreement. This Agreement contain the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior understandings and agreements among the parties, whether written or oral.

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Section 19.08. Captions. Captions herein have been inserted solely for convenience of reference and in no way define, limit or describe the scope or substance of any provision of this Agreement.

Section 19.09. Governing Law. This Agreement shall be construed under and enforced in accordance with the laws of California.

Section 19.10. Dispute Resolution.

(a)    The parties hereby agree that any controversy or claim arising out of or relating to this Agreement, including the arbitrability of any controversy or claim, which cannot be settled by mutual agreement, will be finally settled by binding arbitration in accordance with the American Arbitration Association Employment Dispute Resolution Procedures and Rules (“AAA Rules”) as follows: Any party who is aggrieved will deliver a notice to the other party setting forth the specific points in dispute. Any points remaining in dispute twenty (20) days after the giving of such notice may be submitted to arbitration in Los Angeles, California, to the American Arbitration Association or any other recognized dispute resolution service provider, upon ten (10) days’ notice to the other party. The arbitration shall be held and conducted before a single arbitrator appointed in accordance with the AAA Rules, as such Rules may be amended from time to time and modified only as herein expressly provided. The arbitrator may enter a default decision against any party who fails to participate in the arbitration proceedings.

(b)     The decision of the arbitrator on the points in dispute will be final, unappealable and binding, and judgment on the award may be entered in any court having jurisdiction thereof. The parties agree that this Agreement has been entered by the parties to rapidly and inexpensively resolve any disputes between them and that this Agreement will be grounds for dismissal of any court action commenced by either party with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award.

(c)     As part of the arbitrator’s decision, the arbitration shall also determine which party is the prevailing party in such arbitration and which party is the non-prevailing party in such arbitration. The non-prevailing party in the arbitration shall pay, and if appropriate, reimburse the prevailing party for all fees and expenses of the arbitrator and the arbitration and all of the reasonable attorneys’ fees and expenses incurred by the prevailing party in connection with the arbitration; provided, however, that, if Executive is determined to be the non-prevailing party, with respect to the fees and expenses of the arbitrator and the arbitration, Executive shall be required to pay only a portion of the fees of the arbitrator that is equal to the filing fee Executive would have paid had Executive filed a lawsuit to resolve the dispute and Executive’s own attorneys’ fees and expenses, and the Company shall pay the balance of the fees and expenses of the arbitrator and the arbitration and all of the attorneys’ fees and expenses incurred by the Company in connection with the arbitration.

(d)     The parties will keep confidential, and will not disclose to any person, except as may be required by law, the existence of any controversy hereunder, the referral of any such controversy to arbitration or the status or resolution thereof.

(e)    Executive acknowledges that, prior to the signing of this Agreement, Executive has had a sufficient opportunity to read and has read the AAA Rules.

(f)    Executive acknowledges that this Agreement to submit to arbitration includes all controversies or claims of any kind (e.g., whether in contract or in tort, statutory or common law, legal or equitable) now existing or hereafter arising under any federal, state, local or foreign law, including, but not limited to, the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866, the Employee Retirement Income Security Act, the Family and Medical Leave Act, the Americans With Disabilities Act, and all similar federal, state and local laws, and Executive hereby waives all rights thereunder to have a judicial tribunal or a jury determine such claims.

Section 19.11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and shall have the same effect as if the signatures hereto and thereto were on the same instrument.

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IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as a sealed instrument as of the day and year first above written.

Parent:--------------------------------------------------------------Bank:

Hope Bancorp, Inc.------------------------------------------------Bank of Hope

By: /s/ Steven S. Koh---------------------------------------By: /s/ Steven S. Koh        

(Signed on April 27, 2017)-------------------------------------(Signed on April 27, 2017)    

Name: Steven S. Koh--------------------------------------------Name: Steven S. Koh    

Title: Chairman of the Board-----------------------------------Title: Chairman of the Board    

By:/s/ Dale S. Zuehls---------------------------------------By: /s/ Dale S. Zuehls        

(Signed on April 27, 2017)--------------------------------------(Signed on April 27, 2017)    

Name: Dale S. Zuehls--------------------------------------------Name: Dale S. Zuehls    

Title: Director and Chair of the HRCC------------------------Title: Director and Chair of the HRCC    

Executive:

/s/ Kevin S. Kim        

Kevin S. Kim (Signed on April 27, 2017)

13

Exhibit A

Form of Release Agreement³ 

This RELEASE AGREEMENT (this “Release Agreement”) is dated as of __, 20__ and is entered into between Kevin S. Kim ( “Executive”), on the one hand, and Hope Bancorp, Inc., a Delaware corporation (the “Parent”) and Bank of Hope, a California state chartered bank (the “Bank”) (with the Parent and Bank being collectively referred to herein as the “Company”), on the other hand.

WHEREAS, the Company and Executive previously entered into a certain Second Amended and Restated Employment Agreement dated April 1, 2017 (the “Employment Agreement”);

WHEREAS, the Executive's employment with the Company has terminated effective __, 20__; and

WHEREAS, unless otherwise defined in this Release Agreement, all capitalized terms used in this Release Agreement shall have the meanings set forth in the Employment Agreement;

NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein and in the Employment Agreement, the Company and the Executive agree as follows:

1.    General Release by Executive.

(a)Except for the “Excluded Company Obligations” (defined in Section 2 below), the Executive, on his own behalf and on behalf of his heirs, estate and beneficiaries, does hereby release and discharge the Company, and in such capacities, any of its subsidiaries or affiliates, and each past or present officer, director, agent, employee, shareholder, and insurer of any such entities, and their respective representatives, attorneys, successors and assigns (collectively, the “Company Releasees”) from and with respect to any and all claims, wages, agreements, obligations, demands, actions, and causes of actions, whether known or unknown, suspected or unsuspected, concealed or hidden (collectively, the “Claims”), of any kind whatsoever, including, without limitation, all of the following: (i) any Claims arising out of or in connection with the Employment Agreement; (ii) any Claims arising out of the Executive’s employment or other service with the Company or any of its subsidiaries or affiliates; (iii) any Claims arising out of or in connection with the termination of Executive’s employment with, or his separation from, the Company or any of its subsidiaries or affiliates; (iv) any Claims for severance pay, bonus or similar benefit, sick leave, pension, retirement, vacation pay, life insurance, health or medical insurance or any other fringe benefit; (v) any Claims for any benefits arising from any ERISA benefit plan, workers’ compensation or disability; (vi) any other Claims arising out of any act committed or omitted during or after the existence of Executive’s employment or other service relationship with the Company or any of its subsidiaries or affiliates, all up through and including the date on which this Release Agreement is executed by the Executive, including, without limitation, any Claim arising in tort, contract or violation of applicable law; and (vii) any Claims under Title VII of the Civil Rights Act of 1964 (“Title VII”); the Civil Rights Act of 1991; the Civil Rights Acts of 1866 and/or 1871, 42 U.S.C. Section 1981; the Americans With Disabilities Act of 1990 (“ADA”), 42 U.S.C § 12101 et seq.; the Family Medical Leave Act, 29 U.S.C. § 2601 et seq.; the California Labor Code; the California Fair Employment and Housing Act (“FEHA”), Cal. Gov. Code § 12900 et seq.; the Occupational Safety and Health Act (“OSHA”), 29 U.S.C. § 651 et seq. or any other health/safety laws, statutes or regulations; the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq.; the Internal Revenue Code; the California Family Rights Act (“CFRA”), Cal. Gov. Code § 12945 et seq.; including any amendments to or regulations promulgated under these statutes and including the similar laws of any other states, any state human rights act, or any other applicable federal, state or local employment statute, law or ordinance, which Executive had, now have, or may have in the future against each or any of the Company Releasees from the beginning of the world until and including the Execution Date.

(b)The release set forth in this Section 1 does not prevent Executive from filing a charge with or participating in an investigation by a governmental administrative agency; provided, however, that Executive waives any right to receive any monetary award resulting from such a charge or investigation, including, without limitation, interest, penalties, fines, and attorneys’ fees.

(c)Executive relinquishes any right to future employment with the Company and the Company shall have the right to refuse to re-employ Executive, in each case without liability of Executive or the Company or any of its subsidiaries or affiliates.

A-1

2.    Excluded Company Obligations. Notwithstanding the provisions of Section 1 above, the Company and Executive acknowledge and agree that the release contained in Section 1 above does not, and shall not be construed to, release, discharge, eliminate, restrict or limit any of the following (“Excluded Company Obligations”):

(a)    the scope of any obligation of the Company to indemnify the Executive for his acts as an officer or director of Company, in accordance with the charter, bylaws of the Company, applicable law, the Employment Agreement or any other agreement,

(b)    the scope of any obligation of the Company to the Executive and his eligible, participating dependents or beneficiaries under any group welfare (excluding severance), equity, or retirement plan of the Company in which the Executive and/or such dependents are participants,

(c)    the rights, if any, of the Executive or any of the Executive’s affiliates, heirs, estate and beneficiaries, as a holder of any equity or debt securities of the Company,

(d)the obligations of the Company, and the rights and remedies of the Executive, under any Award Agreement entered into by the Executive and the Company,

(e)the obligations of the Company to pay and provide, and the right of the Executive to obtain and receive, and the remedies of the Executive to enforce such right to obtain and receive, any and all Accrued Benefits and Severance to which the Executive is entitled under the Employment Agreement,

(f)the duties and obligations of the Company under this Release Agreement, and the remedies of the Executive in the event the Company fails to perform or comply with any such duties and obligation, and

(g)the obligation of the Bank on any deposit obligations owing to the Executive.

3.    ADEA Release. Executive also expressly acknowledges and agrees that, in addition to the general and specific releases set forth in Section 1 above, Executive is waiving and releasing any and all rights or claims against the Company Releasees that Executive may have arising under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”). Executive also expressly acknowledges and agrees that:

(a)In return for the releases set forth herein, Executive will receive consideration in addition to that which Executive was already entitled to receive before entering into this Release Agreement, including, without limitation, the Severance;

(b)Company has advised Executive to consult with an attorney before signing this Release Agreement;

(c)Executive has been given twenty-one (21) calendar days to consider this Release Agreement, or, in the case of a group termination as set forth in 29 U.S.C. §626(f)(1)(F)(ii), forty-five (45) days;

(d)In the case of a group termination as set forth in 29 U.S.C. §626(f)(1)(F)(ii), Executive has been provided the information required by 29 U.S.C. §626(f)(1)(H);

(e)Executive is informed that Executive has seven (7) days following the date of execution of this Release Agreement by Executive in which to revoke in writing the release of claims under ADEA, understanding that this Release Agreement will not be effective or enforceable until this seven (7)- day revocation period has expired without Executive having exercised Executive’s right of revocation. If Executive does exercise Executive’s right to revoke the release of claims under the ADEA in writing within said seven (7)-day revocation period pursuant to this Section, then this Release Agreement shall be of no force or effect, and the Company shall not provide any of the Severance; and

(f)Executive understands that this Release Agreement must be returned to the Company within twenty-one (21) days, or, in the case of a group termination as set forth in 29 U.S.C. §626(f)(1)(F)(ii), forty-five (45) days, after it is received by Executive.

A-2

4.     General Release by the Company. Except for the “Excluded Executive Obligations” (defined in Section 5 below), the Company, on behalf of the Parent and the Bank and on behalf of their respective subsidiaries and affiliates, and their respective successors and assigns, does hereby release and discharge Executive, together with his representatives, heirs, attorneys, successors and assigns (together, the “Executive Releasees”), from and with respect to any and all claims, agreements, obligations, demands, actions, and causes of actions (collectively, the “Executive Claims”) that the Company has against Executive as of the date of execution of this Release Agreement by the Company, but in each case only those Executive Claims against Executive with respect to which the Company has actual or constructive knowledge, all up through and including the date on which this Release Agreement is executed by the Company (collectively, the “Company Known Claims”).

5.    Excluded Executive Obligations. Notwithstanding the provisions of Section 4 above, the Company and the Executive acknowledge and agree that the release contained in Section 4 above does not, and shall not be construed to, release, discharge, eliminate, restrict or limit any of the following (“Excluded Executive Obligations”):

(a)the scope of any obligation of Executive to cooperate in connection with the Company’s obligation to indemnify Executive for his acts as an officer or director of Company, in accordance with the charter, bylaws of the Company, applicable law, the Employment Agreement or any other agreement;

(b)the obligations of Executive, and the rights and remedies of the Company, under any Award Agreement entered into by Executive and the Company,

(c)the duties and obligations of Executive under the Employment Agreement arising after the date of execution of this Release Agreement by the Company, and the remedies of the Company in the event Executive fails to perform or comply with any such duties and obligations,

(d)the duties and obligations of Executive under this Release Agreement, and the remedies of the Company in the event Executive fails to perform or comply with any such duties and obligation,

(e)any claims, actions and causes of action that the Company has or may have against Executive with respect to which the Company did not have actual or constructive knowledge prior to the date of execution of this Release Agreement by the Company; and

(f)the obligations of Executive on any extensions of credit by the Company to Executive.

6.    Section 1542. The releases set forth in Sections 1, 3 and 4 above shall be effective as a full and final accord and satisfaction and release of and from all liabilities, disputes, claims and matters covered under such releases, known or unknown, suspected or unsuspected. In furtherance of this intention, each of Executive and Company acknowledges that each has been informed of the provisions of Section 1542 of the California Civil Code, and each of them does hereby expressly waive and relinquish all rights and benefits each of them has or may ever have had under that section, which provides as follows:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

Having been apprised of Section 1542, each of Executive and Company waives and relinquishes any right or benefit that each of them may have under Section 1542 of the Civil Code of the State of California. In connection with such waiver and relinquishment, each of Executive and Company acknowledges that each of them may hereafter discover claims or facts in addition to or different from those that each of them now knows or believes to exist with respect to Executive or the Company, as applicable, or the subject matter of the releases, but that it is the intention of each of them hereby fully, finally and forever to settle and release all of the matters, disputes and differences, known and unknown, suspected or unsuspected, which now exist, may exist, or heretofore have existed, between each of them, except as otherwise provided in such releases. In furtherance of this intention, the releases herein shall be and remain in effect as a full and complete general releases (except as otherwise provided in such releases) notwithstanding the discovery or existence of any such additional or different claims or facts.

7.    Absence of Complaints. Executive represents that, except for anonymous whistleblower complaints filed with the SEC or other similar regulatory agencies, Executive has not initiated, filed, or caused to be filed any Claims against any of the Company Releasees. Executive further agrees not to initiate, file, cause to be filed, or otherwise pursue any Claims, either as an individual on his own behalf, or as a representative, member or shareholder in a class, collective or derivative action and further agrees not to encourage any person, including any current or former employee of the Company Releasees, to file any kind of Claim

A-3

against the Company Releasees. Executive, however, retains the right to challenge the validity of the waiver of Executive’s Claims under the ADEA set forth in Sections 3 of this Release Agreement.

8.    Non-Disparagement. Neither the Executive nor the Company will disparage the other party, or make any remarks or statements that could reasonably be construed as disparaging of the other party. The foregoing restriction shall not prohibit either party, directly or through his or its representatives, from giving truthful testimony in any legal proceeding pending before any agency or court of the United States or state government or in any arbitration or other legal proceedings relating to this Agreement; nor will it prohibit either party from defending or explaining outside of any such proceeding any violation by the other party of the foregoing restriction.

9.    Modifications or Alterations by Executive; Amendment; Waivers. This Release Agreement must be signed and returned to the Company by Executive without any modification or alteration by Executive. Any modification or alteration of any terms of this Release Agreement made by Executive when it is submitted or returned by Executive to the Company shall render this Release Agreement void in its entirety and this Release Agreement shall be of no force or effect, and Executive shall not be considered to have executed or delivered this Release Agreement to the Company or otherwise for any purpose. This Release Agreement may be modified or amended only by a writing signed by both the Company and Executive and no waiver of any provision in this Release Agreement shall be binding on any party unless such waiver is in writing and signed by such party.

10.    Miscellaneous. This Release Agreement shall be governed by, interpreted under and enforced, in accordance with the laws of the State of California, excluding such state’s conflict of laws principles. If any provision of this Release Agreement or its application is held invalid, the invalidity shall not affect other provisions or applications of the Release Agreement which can be given effect without the invalid provisions or application and, therefore, the provisions of this Release Agreement are declared to be severable. Except as otherwise specifically provided herein, this Release Agreement constitutes the entire agreement of the parties with respect to Executive’s employment with and separation from the Company, and supersedes all prior negotiations and all agreements, whether written or oral. This Release Agreement is binding on and enforceable against the heirs, successors and assigns of Executive and the Company. This Release Agreement is not and shall not be construed as an indication that the Company or Executive may have engaged in any wrongful conduct. This Release Agreement may be executed in counterparts, and each counterpart, when executed, shall have the efficacy of a signed original. Photographic and facsimile copies of such signed counterparts may be used in lieu of the originals for any purpose.

11.    Certain Acknowledgments by Executive. Executive has read and understands this Release Agreement and voluntarily signs it without coercion, acknowledging that the benefits herein are adequate and the only consideration for this Release Agreement. Executive confirms that no promise or inducement not contained in this Release Agreement has been offered or made to cause Executive to sign this Release Agreement. In addition, Executive acknowledges that Executive was given twenty-one (21) days or, in the case of a group termination as set forth in 29 U.S.C. §626(f)(1)(F)(ii), forty-five (45) days, to consider this Release Agreement. If Executive signs and dates this Release Agreement and returns it to the Company before the expiration of such twenty-one (21) day period, or, in the case of a group termination as set forth in 29 U.S.C. §626(f)(1)(F)(ii), forty-five (45) days, then Executive acknowledges that Executive voluntarily chose to sign this Release Agreement without regard to that period. Executive hereby declares under penalty of perjury that all of the foregoing set forth in this Section is true and correct and acknowledges that the Company would not enter into this Release Agreement if any of the foregoing set forth in this Section is not true or correct.

12.    Whistleblower; Defend Trade Secrets Act. Notwithstanding anything to the contrary in this Release Agreement, Executive understands that nothing in this Release Agreement is intended to prohibit Executive and Executive is not prohibited from reporting possible violations of law to, filing charges with, making disclosures protected under the whistleblower provisions of U.S. federal law or regulation, or participating in investigations of U.S. federal law or regulation by the U.S. Securities and Exchange Commission, National Labor Relations Board, Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, the U.S. Department of Justice, the U.S. Congress, any U.S. agency Inspector General or any self-regulatory agencies such as the SEC or federal, state or local governmental agencies (collectively, “Government Agencies,” and each a “Government Agency”). Accordingly, Executive does not need the prior authorization of Employer to make any such reports or disclosures or otherwise communicate with Government Agencies and is not required to notify Employer that he has engaged in any such communications or made any such reports or disclosures. Executive agrees, however, to waive any right to receive any monetary award resulting from such a report, charge, disclosure, investigation or proceeding, except that Executive may receive and fully retain any award from a whistleblower award program administered by a Government Agency. In addition, Executive is hereby notified that 18 U.S.C. § 1833(b) states as follows:

“An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that-(A) is made-(i) in confidence to a Federal,

A-4

State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.”

Accordingly, notwithstanding anything to the contrary in this Release Agreement, Executive understands that he has the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. Executive understands that he also has the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure. Executive understands and acknowledges that nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b).

This Release Agreement is executed by the Company and by Executive on the dates indicated below their signatures below.

Parent:

Hope Bancorp, Inc.

By:_____________________    

Name:__________________    

Title:    ___________________

Date of Signature: __________________

Bank:

Bank of Hope

By: ______________________

Name: ___________________    

Title: ____________________    

Date of Signature: __________________

Executive

________________________

Kevin S. Kim

Date of Signature: ___________________

A-5

Exhibit B

Definition of Change in Control

A “Change in Control” shall mean any transaction or series of related transactions as a result of which:

(a)The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) or the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (i) the then outstanding shares of common stock of the Parent (the “Outstanding Parent Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Parent entitled to vote generally in the election of directors (the “Outstanding Parent Voting Securities”); provided, however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Parent, (ii) any acquisition by the Parent, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Parent or any corporation controlled by the Parent, or (iv) any acquisition by any corporation pursuant to a transaction which complies with clauses (i), (ii) and (iii) of paragraph (c) of this definition; or

(b)Individuals who, as of the date hereof, constitute the Parent Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Parent Board; provided, however, that any individual becoming a director of the Parent subsequent to the date hereof whose election, or nomination for election by the Parent’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or

(c)     Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Parent (a “Business Combination”), in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Parent Common Stock and Outstanding Parent Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Parent or all or substantially all of the Parent’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Parent Common Stock and Outstanding Parent Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Parent or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 50% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Parent Board, providing for such Business Combination; or

(d)     Approval by the shareholders of the Parent of a complete liquidation or dissolution of the Parent.

For avoidance of doubt a transaction shall not constitute a Change in Control if its sole purpose is to change the state or jurisdiction of the Parent’s or the Bank’s incorporation.

B-1

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Kevin S. Kim, certify that:

1. I have reviewed this periodic report on Form 10-Q of Hope Bancorp, Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrants' board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: July 20, 2017 /s/ Kevin S. Kim

_______________________________________________________________________________

Kevin S. Kim

President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Douglas J. Goddard, certify that:

1. I have reviewed this periodic report on Form 10-Q of Hope Bancorp, Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrants' board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: July 20, 2017

/s/ Douglas J. Goddard

_______________________________________________________________________________

Douglas J. Goddard

Executive Vice President and

Chief Financial Officer                        

EX-32.1

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 906 OF THE

PUBLIC COMPANY ACCOUNTING REFORM AND INVESTOR PROTECTION ACT OF 2002

In connection with the periodic report of Hope Bancorp, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2017, as filed with the Securities and Exchange Commission (the “Report”), I, Kevin S. Kim, Chief Executive Officer of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that:

     (1)    the Report fully complies with the requirements of section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

     (2)    the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

This Certification has not been, and shall not be deemed, “filed” with the Securities and Exchange Commission.

Dated: July 20, 2017

/s/ Kevin S. Kim

_______________________________________________________________________________

Kevin S. Kim

President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 906 OF THE

PUBLIC COMPANY ACCOUNTING REFORM AND INVESTOR PROTECTION ACT OF 2002

In connection with the periodic report of Hope Bancorp, Inc (the “Company”) on Form 10-K for the period ended March 31, 2017, as filed with the Securities and Exchange Commission (the “Report”), I, Douglas J. Goddard, Chief Financial Officer of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that:

     (1)    the Report fully complies with the requirements of section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

     (2)    the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

This Certification has not been, and shall not be deemed, “filed” with the Securities and Exchange Commission.

Dated: July 20, 2017

/s/ Douglas J. Goddard

_______________________________________________________________________________

Douglas J. Goddard

Executive Vice President and

Chief Financial Officer        

XML

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Jul. 12, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q1
Entity Registrant Name	Hope Bancorp Inc
Entity Central Index Key	0001128361
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		135,303,015

XML

Condensed Consolidated Statements Of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Other Investments	$ 43,958	$ 44,202
Cash and cash equivalents:
Cash and due from banks	160,918	168,827
Interest bearing deposits in other banks	300,150	268,507
Total cash and cash equivalents	461,068	437,334
Securities available for sale, at fair value	1,583,946	1,556,740
Loans held for sale, at the lower of cost or fair value	19,141	22,785
Loans receivable (net of allowance for loan losses of $78,659 and $79,343 at March 31, 2017 and December 31, 2016, respectively)	10,471,008	10,463,989
Other real estate owned (“OREO”), net	19,096	21,990
Federal Home Loan Bank (“FHLB”) stock, at cost	21,203	21,964
Assets Held-for-sale, Not Part of Disposal Group, Current	3,300	0
Premises and equipment, net	51,125	55,316
Accrued interest receivable	25,683	26,880
Deferred tax assets, net	80,321	88,110
Customers’ liabilities on acceptances	2,771	2,899
Bank owned life insurance (“BOLI”)	74,090	73,696
Investments in affordable housing partnerships	76,398	70,059
Goodwill	463,975	462,997
Core deposit intangible assets, net	18,550	19,226
Servicing assets	25,941	26,457
Other assets	39,855	46,778
Total assets	13,481,429	13,441,422
LIABILITIES:
Noninterest bearing	2,963,947	2,900,241
Interest bearing:
Money market and NOW accounts	3,481,231	3,401,446
Savings deposits	289,924	301,906
Time deposits	3,968,675	4,038,442
Total deposits	10,703,777	10,642,035
FHLB advances	703,850	754,290
Subordinated debentures	100,067	99,808
Accrued interest payable	10,592	10,863
Acceptances outstanding	2,771	2,899
Commitments and Contingencies	31,530	24,409
Other liabilities	50,795	51,645
Total liabilities	11,603,382	11,585,949
STOCKHOLDERS’ EQUITY:
Common stock, $0.001 par value; authorized 150,000,000 shares at March 31, 2017 and December 31, 2016; issued and outstanding, 135,248,185 and 135,240,079 shares at March 31, 2017 and December 31, 2016, respectively	135	135
Additional paid-in capital	1,401,275	1,400,490
Retained earnings	489,486	469,505
Accumulated other comprehensive loss, net	(12,849)	(14,657)
Total stockholders’ equity	1,878,047	1,855,473
Total liabilities and stockholders’ equity	$ 13,481,429	$ 13,441,422

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Condensed Consolidated Statements Of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Loans receivable, allowance	$ 79,976	$ 79,343
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	135,109,641	135,240,079
Common stock, shares outstanding	135,109,641	135,240,079

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Condensed Consolidated Statements Of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
INTEREST INCOME:
Loans, including fees	$ 123,294	$ 77,118
Securities	8,113	5,677
Interest bearing deposits in other bank and other investments	1,336	666
Total interest income	132,743	83,461
INTEREST EXPENSE:
Deposits	14,511	9,907
FHLB advances	2,139	1,523
Other borrowings	1,188	424
Total interest expense	17,838	11,854
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	114,905	71,607
PROVISION FOR LOAN LOSSES	5,600	500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	109,305	71,107
NONINTEREST INCOME:
Service fees on deposit accounts	5,338	2,683
International service fees	1,108	776
Loan servicing fees, net	1,438	690
Wire transfer fees	1,186	914
Other income and fees	4,863	1,887
Net gains on sales of SBA loans	3,250	1,825
Net gains on sales of other loans	420	0
Total noninterest income	17,603	8,775
NONINTEREST EXPENSE:
Salaries and employee benefits	34,166	21,569
Occupancy	7,194	4,817
Furniture and equipment	3,413	2,287
Advertising and marketing	3,424	1,136
Data processing and communications	3,606	2,171
Professional fees	3,902	1,083
FDIC assessments	1,010	1,038
Credit related expenses	1,883	421
OREO expense, net	997	1,428
Merger and integration expenses	947	1,207
Other	7,157	2,892
Total noninterest expense	67,699	40,049
INCOME BEFORE INCOME TAX PROVISION	59,209	39,833
INCOME TAX PROVISION	22,999	16,210
NET INCOME	$ 36,210	$ 23,623
EARNINGS PER COMMON SHARE
Basic (in dollars per share)	$ 0.27	$ 0.30
Diluted (in dollars per share)	$ 0.27	$ 0.30

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Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 36,210	$ 23,623
Other comprehensive income:
Change in unrealized net holding gains on securities available for sale	3,181	15,633
Change in unrealized net holding gains on interest only strips	(49)	(41)
Less tax effect	1,324	6,605
Other comprehensive income, net of tax	1,808	8,987
Total comprehensive income	$ 38,018	$ 32,610

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Condensed Consolidated Statements Of Changes In Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital [Member]	Retained earnings	Accumulated other comprehensive income (loss), net
Balance at Dec. 31, 2015	$ 938,095	$ 80	$ 541,596	$ 398,251	$ (1,832)
Balance, shares at Dec. 31, 2015		79,566,356
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of additional shares pursuant to various stock plans	7		7
Issuance of additional shares pursuant to various stock plans, shares		30,750
Stock-based compensation	22		22
Cash dividends declared on common stock	(8,752)			(8,752)
Comprehensive income:
Net income	23,623			23,623
Other comprehensive income (loss)	8,987				8,987
Balance at Mar. 31, 2016	961,982	$ 80	541,625	413,122	7,155
Balance, shares at Mar. 31, 2016		79,597,106
Balance at Dec. 31, 2016	1,855,473	$ 135	1,400,490	469,505	(14,657)
Balance, shares at Dec. 31, 2016		135,240,079
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of additional shares pursuant to various stock plans	252		252
Issuance of additional shares pursuant to various stock plans, shares		8,106
Stock-based compensation	533		533
Cash dividends declared on common stock	(16,229)			(16,229)
Comprehensive income:
Net income	36,210			36,210
Other comprehensive income (loss)	1,808				1,808
Balance at Mar. 31, 2017	$ 1,878,047	$ 135	$ 1,401,275	$ 489,486	$ (12,849)
Balance, shares at Mar. 31, 2017		135,248,185

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Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 36,210	$ 23,623
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, amortization, net of discount accretion	(504)	(798)
Stock-based compensation expense	746	22
Provision for loan losses	5,600	500
Valuation adjustment of OREO	592	695
Change in deferred income taxes, net	7,182	6,794
Proceeds from sales of loans held for sale	70,254	25,900
Originations of loans held for sale	(53,903)	(29,593)
Net gains on sales of SBA and other loans	(3,670)	(1,825)
Originations of servicing assets	(1,296)	(777)
Earnings on BOLI	(394)	(274)
Derivative, Gain (Loss) on Derivative, Net	33	0
Loss on disposal of equipment	147	0
Net loss (gain) on sales of OREO	3	(132)
Net change in accrued interest receivable	1,197	(465)
Loss on investments in affordable housing partnership	2,077	405
Net change in other assets	6,981	(18,978)
Net change in accrued interest payable	(271)	739
Net change in other liabilities	(850)	(981)
Net cash provided by operating activities	71,218	4,855
CASH FLOWS FROM INVESTING ACTIVITIES
Net change in loans receivable	(17,288)	(120,570)
Proceeds from sales of OREO	194	2,617
Purchase of premises and equipment	(2,491)	(2,303)
Purchase of securities available for sale	(94,890)	(99,566)
Purchases of other investments	0	(1,470)
Redemption of FHLB stock	761	0
Proceeds from matured, called, or paid-down of securities available for sale	68,124	36,435
Investments in affordable housing partnerships	1,379	0
Net cash used in investing activities	(46,725)	(184,857)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	65,218	126,459
Cash dividends paid on Common Stock	(16,229)	(8,752)
Proceeds from FHLB advances	50,000	150,000
Repayment of FHLB advances	100,000	150,000
Issuance of additional stock pursuant to various stock plans	252	7
Tax effects of issuance of shares from various stock plans	73
Net cash (used in) provided by financing activities	(759)	117,714
NET CHANGE IN CASH AND CASH EQUIVALENTS	23,734	(62,288)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	437,334	298,389
CASH AND CASH EQUIVALENTS, END OF PERIOD	461,068	236,101
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	21,767	11,115
Income taxes paid	1,161	20,862
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Transfer from loans receivable to OREO	137	1,895
Transfer from loans receivable to loans held for sale	9,451	450
Loans transferred to loans receivable from held for sale	159	0
Transfer of premises and equipment to premises held for sale	3,300	0
New commitments to fund affordable housing partnership investments	8,500	0
Payments for (Proceeds from) Other Investing Activities	244	0
Impairment of property, plant, and equipment held for sale	$ 1,084	$ 0

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Hope Bancorp, Inc.

3 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Hope Bancorp, Inc.

Hope Bancorp, Inc.

Hope Bancorp, Inc. (“Hope Bancorp” on a parent-only basis and the “Company” on a consolidated basis), headquartered in Los Angeles, California, is the holding company for Bank of Hope (the “Bank”). As of March 31, 2017, the Bank operated branches in California, Washington, Texas, Illinois, Alabama, Georgia, Virginia, New Jersey, and New York, as well as loan production offices in Georgia, Virginia, Texas, Colorado, Oregon, Washington, Southern California, and Northern California. The Company is a corporation organized under the laws of the state of Delaware and a bank holding company registered under the Bank Holding Company Act of 1956, as amended.

Effective at the close of business on July 29, 2016, the Company (previously known as BBCN Bancorp, Inc.) completed its previously-announced merger with Wilshire Bancorp, Inc. (“Wilshire”) pursuant to the Agreement and Plan of Merger, dated as of December 7, 2015, by and between the Company and Wilshire (the “Merger Agreement”). On the date of the acquisition, Wilshire merged with and into the Company, with Company being the surviving corporation. On the date of the merger with Wilshire, the Company changed its name to “Hope Bancorp, Inc.” and changed its ticker symbol to “HOPE”.

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Basis of Presentation

3 Months Ended

Mar. 31, 2017

Basis Of Presentation [Abstract]

Basis of Presentation

Basis of Presentation

The consolidated financial statements included herein have been prepared without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), except for the Consolidated Statement of Financial Condition as of December 31, 2016 which was from the audited financial statements included in the Company’s 2016 Annual Report on Form 10-K. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such SEC rules and regulations.

The consolidated financial statements include the accounts of Hope Bancorp and its wholly owned subsidiaries, principally Bank of Hope. All intercompany transactions and balances have been eliminated in consolidation. The Company has made all adjustments, that in the opinion of management, are necessary to fairly present the Company’s financial position at March 31, 2017 and December 31, 2016 and the results of operations for the three months ended March 31, 2017 and 2016. Certain reclassifications have been made to prior period amounts to conform to the current year presentation. The results of operations for the interim periods are not necessarily indicative of results to be anticipated for the full year.

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

These unaudited consolidated financial statements should be read along with the audited consolidated financial statements and accompanying notes included in the Company’s 2016 Annual Report on Form 10-K.

Accounting Pronouncements Adopted:

ASU 2016-05 “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships” clarifies that a change in the counterparty to a derivative instrument (a novation) that has been designated as the hedging instrument does not, in and of itself, require designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. The Company adopted ASU 2016-05 in the first quarter of 2017. The adoption of ASU 2016-05 did not have an impact to the Company’s consolidated financial statements.

ASU 2016-06 “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments” clarifies the steps required to determine if an embedded derivative should be bifurcated from a host contract in order to resolve diversity in practice. The Company adopted of ASU 2016-06 in the first quarter of 2017. The adoption of ASU 2016-06 did not have an impact to the Company’s consolidated financial statements.

ASU 2016-07 “Investments-Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting” removes the requirement to retroactively adopt the equity method upon an increase in the level of ownership interest or the degree of influence of an investment. Under ASU 2016-07 the equity method is only applied to the investment from the date that it qualifies. When an investment qualifies for equity method accounting, the investor should add the cost of acquiring the additional interest in the investee to the current basis of the investor’s existing interest and recognize in earnings the unrealized holding gain or loss in accumulated other comprehensive income, if the existing investment was accounted for as an available-for-sale equity security. The Company adopted ASU 2016-07 in the first quarter of 2017. The adoption of ASU 2016-07 did not have an impact to the Company’s consolidated financial statements.

ASU 2016-09 “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” was issued as a part of the FASB’s simplification initiative, and intends to improve the accounting for share-based payment transactions. The ASU changes several aspects of the accounting for share-based payment award transactions, including accounting for excess tax benefits and deficiencies, income statement recognition, cash flow classification, forfeitures, and tax withholding requirements. The Company adopted ASU 2016-09 in the first quarter of 2017. As of result of the adoption of ASU 2016-09, the Company now recognizes excess tax benefits on share-based payment awards in income tax provision on the Consolidated Statement of Income rather than in additional paid-in capital on the Consolidated Statement of Changes in Stockholders’ Equity. The Company recorded $73 thousand of income tax benefits for the three months ended March 31, 2017 related to excess tax benefits from share-based payment awards compared to $9 thousand in excess tax benefits on share-based payment awards that were recorded in additional paid-in capital for the three months ended March 31, 2016.

Recent Accounting Pronouncements:

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. ASU 2014-09 is based on the principle that revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09 as amended by ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, is effective for interim and annual periods beginning after December 15, 2017 and is applied on either a modified retrospective or full retrospective basis. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company’s revenue primarily consists of net interest income and noninterest income. The scope of the guidance explicitly excludes net interest income, as well as other revenues from financial instruments such as loans, leases, securities and derivatives. Certain noninterest income revenue items such as service charges on deposits accounts, gain/loss on other real estate owned sales, and other income items may be in the scope of ASU 2014-09 and how these revenue streams are recognized may change. The Company is currently in the process of evaluating the impact of ASU 2014-09 on its consolidated financial statements, but does not expect the adoption of ASU 2014-09 to have material impact on its consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. ASU 2016-13 becomes effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In March 2017, the FASB issued ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost & Net Periodic Post-retirement Benefit Cost”. ASU 2017-07 was issued to to improve the presentation of net periodic pension costs and net periodic post-retirement benefit cost and requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. ASU 2017-07 also allow only the service cost component to be eligible for capitalization when applicable (e.g., as a cost of internally manufactured inventory or a self-constructed asset). ASU 2017-07 is effective for annual period beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is currently in the process of evaluating the impact of ASU 2017-07 on its consolidated financial statements, but does not expect the adoption of ASU 2017-07 to have material impact on it consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. ASU 2017-08 was issued to amend the amortization period for certain callable debt securities held at a premium. ASU 2017-08 shortens the amortization period of premiums on certain purchased callable debt securities to the earliest call date. ASU 2017-08 affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). ASU 2017-08 does not impact securities purchased at a discount, which continue to be amortized to maturity. ASU 2017-08 is effective for annual period beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted in an interim period. If an entity chooses to adopt early, any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The adoption of ASU 2017-08 is not expected to have a material impact on the Company’s consolidated financial statements.

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification”. ASU 2017-09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017-09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017-09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Company is currently in the process of evaluating the impact of ASU 2017-09 on its consolidated financial statements, but does not expect the adoption of ASU 2017-09 to have material impact on it consolidated financial statements.

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Mergers and Acquisitions

3 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

Mergers and Acquisitions

Mergers and Acquisitions

The Company applies the acquisition method of accounting for business combinations, including the merger with Wilshire under ASC 805 “Business Combinations”. Under the acquisition method of accounting, the acquiring entity in a business combination recognizes 100 percent of the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. Where amounts allocated to assets acquired and liabilities assumed is greater than the purchase price, a bargain purchase gain is recognized. Acquisition-related costs are expensed as incurred as merger and integration expense.

Pending Acquisition of U & I Financial Corp

On January 23, 2017, the Company announced the signing of a definitive agreement and plan of merger (the “U & I Merger Agreement”) with U & I Financial Corporation (“U & I”) pursuant to which U & I will merge with and into Hope Bancorp with Hope Bancorp as the surviving corporation. As part of the merger, UniBank, a wholly-owned subsidiary of U & I, will merge with and into the Bank. Under the U & I Merger Agreement, at the effective time of the merger (the “Effective Time”), each outstanding share of U & I common stock will be converted into shares of the Company’s common stock based on a value of $9.50 for the U & I common stock, which value will be subject to adjustment if U & I’s financial advisory and legal fees exceed certain amounts as provided in the U & I Merger Agreement (the “Merger Consideration”). The number of shares of Company common stock to be issued for the Merger Consideration will be based on the 10-trading day, volume weighted average price of the Company’s common stock as of the closing as determined in accordance with the Merger Agreement (as so determined, the “Closing Stock Price”); provided that:

(i) if the Closing Stock Price is less than $17.28832, the Company may terminate the U & I Merger Agreement unless U & I elects to accept an adjustment to the Merger Consideration through the issuance of fewer shares based on the $17.28832 instead of the lower Closing Stock Price; and

(ii) if the Closing Stock Price is greater than $25.93248, U & I may terminate the U & I Merger Agreement unless the Company elects to accept an adjustment to the Merger Consideration through the issuance of additional shares based on the $25.93248 price instead of the higher Closing Stock Price.

Each outstanding U & I stock option held by an U & I employee who will be retained by the Company after the Effective Time (each, a “Covered Employee”) shall cease to represent the right to acquire shares of U & I common stock and shall instead be converted automatically into an option to acquire shares of the Company’s common stock, and such assumed options will be assumed by the Company on substantially the same terms and conditions as were applicable under the corresponding U & I stock options. Each U & I stock option held by a U & I employee who will not be a Covered Employee shall become fully vested and be converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the excess, if any, of the per share Merger Consideration over the exercise price per share of such stock option by (ii) the total number of shares of U & I common stock subject to such stock option.

The U & I Merger Agreement contains representations and warranties customary for transactions of this type from the Company and U & I, and each party has agreed to customary covenants, including, among others, covenants relating to the conduct of its business during the interim period between the execution of the U & I Merger Agreement and the Effective Time and, in the case of U & I, its obligation, subject to certain exceptions, to recommend that its shareholders adopt the U & I Merger Agreement and its non-solicitation obligations relating to alternative acquisition proposals.

The consummation of the merger with U & I is subject to customary conditions, including receipt of regulatory approvals, receipt of the requisite approval of the shareholders of U & I, the absence of any law or order prohibiting the closing, and effectiveness of the registration statement to be filed by the Company with respect to the Company’s common stock to be issued in the merger with U & I, and the absence of the occurrence of a material adverse effect upon the Company or U & I. In addition, each party’s obligation to consummate the merger is subject to certain other conditions, including the accuracy of the representations and warranties of the other party and compliance of the other party with its covenants, in each case subject to certain materiality standards. The Company expects to close the acquisition by the end of 2017, subject to satisfaction of the conditions set forth in the U & I Merger Agreement.

The U & I Merger Agreement provides certain termination rights for both the Company and U & I and further provides that a termination fee of $2 million will be payable by U & I to the Company upon termination of the U & I Merger Agreement under certain circumstances.

Merger with Wilshire Bancorp, Inc.

On July 29, 2016, the Company completed the merger with Wilshire Bancorp, Inc. (“Wilshire”), the holding company of Wilshire Bank. The Company merged with Wilshire in order to expand its network of branch locations and to provide enhanced products and services to our customers. Wilshire’s primary subsidiary, Wilshire Bank, previously operated thirty-five branches located in California, New York, New Jersey, Texas, Georgia, and Alabama. Approximately $4.63 billion in assets were acquired through the transaction including $3.80 billion in loans receivable and $3.81 billion in deposits. Subsequent to the merger, the Bank now operates 64 branches in nine different states throughout the United States and also has loan production offices throughout the Unites States and a representative office in Seoul, Korea.

Under the terms of the Merger Agreement, Wilshire shareholders received 0.7034 shares of Hope Bancorp common stock for each share of Wilshire common stock owned. As a result, 55.5 million shares of Hope Bancorp common stock were issued to Wilshire shareholders in addition to $3 thousand that was paid for fractional shares. In addition, the Company issued Hope stock options and restricted stock in exchange for Wilshire stock options and restricted stock outstanding at July 29, 2016 under substantially the same terms that were applicable immediately prior to the merger, subject to adjustment for the exchange ratio. Total consideration for the merger was $856.3 million.

The consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:

	(Dollars in thousands)
Consideration Paid:
Hope common stock issued in exchange for Wilshire common stock	$	852,939
Cash paid for fractional shares	3
Hope stock options issued in exchange Wilshire stock options	3,370
Total consideration paid	$	856,312
Assets Acquired:
Cash and cash equivalents	$	100,127
Investment securities available for sale	478,938
Loans receivable	3,800,807
FRB and FHLB stock	16,539
OREO	13,173
Premises and equipment	16,812
Bank owned life insurance	25,240
Servicing assets	16,203
Low income housing tax credit investments	47,111
Core deposit intangibles	18,138
Deferred tax assets, net	18,174
Other assets	76,818
Liabilities Assumed:
Deposits	(3,812,367		)
Borrowings	(206,282		)
Subordinated debentures	(56,942		)
Other liabilities	(54,751		)
Total identifiable net assets	$	497,738
Excess of consideration paid over fair value of net assets acquired (goodwill)	$	358,574

Fair values are primarily determined through the use of inputs that are not observable from market-based information. Under ASC 805-10-25-13, management may adjust the fair values of acquired assets or assumed liabilities for a period of up to one year from the date of the acquisition to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have an effect on the measurement of the amounts recognized as of that date. During the fourth quarter of 2016, the Company made a net adjustment of $1.4 million to the deferred tax assets and taxes receivable acquired from Wilshire which reduced the previous goodwill recorded from the transaction by $1.4 million. Subsequently in the first quarter of 2017, the Company made an adjustment which increased goodwill by $978 thousand consisting of a $1.7 million adjustment to OREO partially offset by a $716 thousand adjustment to deferred tax assets.

Acquired Loans

The fair value of loans were estimated on an individual basis based on the characteristics for each loan. A discounted cash flow analysis was used to project cash flows for each loan using assumptions for rate, remaining maturity, prepayment speeds, projected default probabilities, loss given defaults, and estimates of prevailing discount rates. At July 29, 2016, the fair value of loan acquired with deteriorated credit quality totaled $243.1 million.

The outstanding principal balances and the related carrying amounts of the acquired loans included in the statement of financial condition at March 31, 2017 were $4.72 billion and $3.42 billion, respectively, for loans acquired from Wilshire. The outstanding principal balances and the related carrying amounts of the acquired loans included in the statement of financial condition at December 31, 2016 were $5.67 billion and $3.59 billion, respectively, for loans acquired from Wilshire.

Acquisition-Related Expenses

The following table presents acquisition-related expenses associated with the merger with Wilshire, the pending acquisition of U & I, and other previous acquisitions which were reflected in the Consolidated Statements of Income in merger and integration expense. These expenses are comprised primarily of salaries and employee benefits, professional fees, and other noninterest expense related to acquisitions.

	Three Months Ended March 31,
	2017		2016
	(Dollars in thousands)
Wilshire	$	401	$	1,183
U & I	522		—
Other	24		24
Total merger and integration expenses	$	947	$	1,207

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The Company has a stock-based incentive plan (the “2007 Plan”) to award equity as form of compensation. The 2007 Plan, approved by the Company’s stockholders on May 31, 2007, was amended and restated on July 25, 2007 and again on December 1, 2011. The 2007 Plan provides for grants of stock options, stock appreciation rights (“SARs”), restricted stock, performance shares, and performance units (sometimes referred to individually or collectively as “awards”) to non-employee directors, employees, and consultants of the Company. Stock options may be either incentive stock options (“ISOs”), as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), or nonqualified stock options (“NQSOs”).

The 2007 Plan gives the Company flexibility to (i) attract and retain qualified non-employee directors, executives and other key employees and consultants with appropriate equity-based awards; (ii) motivate high levels of performance; (iii) recognize employee contributions to the Company’s success; and (iv) align the interests of the 2007 Plan participants with those of the Company’s stockholders. The exercise price for shares under an ISO may not be less than 100% of fair market value on the date the award is granted under Code Section 422. Similarly, under the terms of the 2007 Plan the exercise price for SARs and NQSOs may not be less than 100% of fair market value on the date of grant. Performance units are awarded to a participant at the market price of the Company’s common stock on the date of award (after the lapse of the restriction period and the attainment of the performance criteria). No minimum exercise price is prescribed for performance shares and restricted stock awarded under the 2007 Plan.

ISOs, SARs and NQSOs have vesting periods of three to five years and have 10-year contractual terms. Restricted stock, performance shares, and performance units are granted with a restriction period of not less than one year from the grant date for performance-based awards and not more than three years from the grant date for time-based vesting of grants. Compensation expense for awards is recognized over the vesting period.

The Company has another stock-based incentive plan, the 2016 Stock Incentive Plan, adopted September 1, 2016. Stock options and restricted stock were assumed from the merger with Wilshire at substantially the same terms as those prior to the merger after applying the exchange ratio of 0.7034. These stock awards were issued to former Wilshire employees and directors through the 2016 Plan. The 2016 Plan provides for the granting of incentive stock option, stock appreciation right, and restricted stock awards to officers, employees, and consultants. The plan has 2,400,000 shares available for grant to participants. The option prices of all options granted under the 2016 Plan may not be less than 100% of the fair market value at the date of grant. All options not exercised generally expire ten years after the date of grant.

Under the 2007 Plan and 2016 Plan, 1,890,563 shares were available for future grants as of March 31, 2017.

The total shares reserved for issuance will serve as the underlying value for all equity awards under the 2007 Plan and 2016 Plan. With the exception of the shares underlying stock options and restricted stock awards, the board of directors may choose to settle the awards by paying the equivalent cash value or by delivering the appropriate number of shares.

The following is a summary of stock option activity under the 2007 Plan and 2016 Plan for the three months ended March 31,2017:

	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (Dollars in thousands)
Outstanding - January 1, 2017	1,624,227		$	15.30
Granted	—		—
Exercised	(21,307	)	11.07
Expired	(1,530	)	15.34
Forfeited	—		—
Outstanding - March 31, 2017	1,601,390		$	15.36	6.40	$	6,861
Options exercisable - March 31, 2017	866,548		$	14.02	4.13	$	5,218

The following is a summary of restricted stock and performance unit activity under the 2007 Plan and 2016 Plan for the three months ended March 31,2017:

	Number of Shares		Weighted- Average Grant Date Fair Value
Outstanding - January 1, 2017	403,658		$	16.17
Granted	—		—
Vested	(36,407	)	15.31
Forfeited	(3,372	)	14.75
Outstanding - March 31, 2017	363,879		$	16.27

The total fair value of restricted performance units vested for the three months ended March 31, 2017 and 2016 was $735 thousand and $492 thousand, respectively.

The amount charged against income related to stock-based payment arrangements was $746 thousand and $22 thousand for the three months ended March 31, 2017 and 2016, respectively. The income tax benefit recognized was approximately $290 thousand and $9 thousand for the three months ended March 31, 2017 and 2016, respectively.

At March 31, 2017, the unrecognized compensation expense related to non-vested stock option grants was $1.8 million which is expected to be recognized over a weighted average vesting period of 3.19 years. Unrecognized compensation expense related to non-vested restricted stock and performance units was $4.6 million which is expected to be recognized over a weighted average vesting period of 2.69.

During the first quarter of 2017 the Company adopted ASU 2016-09, “Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting”. With the adoption of ASU 2016-09 all of the Company’s excess tax benefits on share-based payment awards were recorded in income tax provision on the Consolidated Statements of Income for the three months ended March 31, 2017.

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Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share ("EPS")

Earnings Per Share (“EPS”)

Basic EPS does not reflect the possibility of dilution that could result from the issuance of additional shares of common stock upon exercise or conversion of outstanding equity awards, and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted to common stock that would then share in our earnings. For the three months ended March 31, 2017, stock options and restricted shares awards for 236,878 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive. Stock options and restricted shares awards for 443,956 shares of common stock were excluded in computing diluted earnings per common share because they were anti-dilutive for the three months ended March 31, 2016. Additionally, warrants issued pursuant to the Company’s participation in the U.S. Treasury’s TARP Capital Purchase Plan, to purchase 19,963 shares and 19,420 shares of common stock were anti-dilutive and excluded for the three months ended March 31, 2017 and 2016, respectively.

The following tables show the computation of basic and diluted EPS for the three months ended March 31, 2017 and 2016.

	Three Months Ended March 31,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(Dollars in thousands, except share and per share data)
Basic EPS - common stock	$	36,210	135,248,018	$	0.27	$	23,623	79,583,188	$	0.30
Effect of dilutive securities:
Stock options and restricted stock			520,627					30,057
Diluted EPS - common stock	$	36,210	135,768,645	$	0.27	$	23,623	79,613,245	$	0.30

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Securities Available for Sale

3 Months Ended

Mar. 31, 2017

Available-for-sale Securities [Abstract]

Securities Available for Sale

Securities Available for Sale

The following is a summary of securities available for sale as of the dates indicated:

	At March 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	10,002	$	—	$	(4	)	$	9,998
Collateralized mortgage obligations (residential)	736,000		406		(9,787		)	726,619
Mortgage-backed securities (residential)	744,654		1,252		(13,214		)	732,692
Corporate securities	4,564		—		(251		)	4,313
Municipal securities	97,689		609		(1,044		)	97,254
Total debt securities	1,592,909		2,267		(24,300		)	1,570,876
Mutual funds	13,425		18		(373		)	13,070
Total investment securities available for sale	$	1,606,334	$	2,285	$	(24,673	)	$	1,583,946
	At December 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	12,005	$	3	$	—		$	12,008
Collateralized mortgage obligations (residential)	715,981		349		(10,663		)	705,667
Mortgage-backed securities (residential)	741,304		1,132		(14,395		)	728,041
Corporate securities	11,576		—		(449		)	11,127
Municipal securities	88,018		358		(1,537		)	86,839
Total debt securities	1,568,884		1,842		(27,044		)	1,543,682
Mutual funds	13,425		—		(367		)	13,058
Total investment securities available for sale	$	1,582,309	$	1,842	$	(27,411	)	$	1,556,740

As of March 31, 2017 and December 31, 2016, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

For the three months ended March 31, 2017 and 2016, $3.2 million and $15.6 million, respectively, of unrealized gains were included in accumulated other comprehensive income (loss). No investments were sold during the three months ended March 31, 2017 and 2016.

The amortized cost and estimated fair value of investment securities at March 31, 2017, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	Amortized Cost		Estimated Fair Value
	(Dollars in thousands)
Available for sale:
Due within one year	$	10,724	$	10,725
Due after one year through five years	7,472		7,630
Due after five years through ten years	40,905		40,891
Due after ten years	53,154		52,319
U.S. Government agency and U.S. Government sponsored enterprises
Collateralized mortgage obligations (residential)	736,000		726,619
Mortgage-backed securities (residential)	744,654		732,692
Mutual funds	13,425		13,070
Total	$	1,606,334	$	1,583,946

Securities with carrying values of approximately $366.1 million and $382.1 million at March 31, 2017 and December 31, 2016, respectively, were pledged to secure public deposits, various borrowings and for other purposes as required or permitted by law.

The following tables show our investments’ gross unrealized losses and estimated fair value, aggregated by investment category and the length of time that the individual securities have been in a continuous unrealized loss position as of the dates indicated.

	As of March 31, 2017
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Debt securities*	3	$	9,998	$	(4	)	—	$	—	$	—		3	$	9,998	$	(4	)
Collateralized mortgage obligations (residential)*	67	624,327		(8,668		)	4	34,843		(1,119		)	71	659,170		(9,787		)
Mortgage-backed securities (residential)*	59	606,378		(13,214		)	—	—		—			59	606,378		(13,214		)
Corporate securities	—	—		—			1	4,313		(251		)	1	4,313		(251		)
Municipal securities	54	50,447		(1,018		)	1	509		(26		)	55	50,956		(1,044		)
Mutual funds	3	11,590		(373		)	—	—		—			3	11,590		(373		)
Total	186	$	1,302,740	$	(23,277	)	6	$	39,665	$	(1,396	)	192	$	1,342,405	$	(24,673	)

__________________________________    

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

	As of December 31, 2016
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Collateralized mortgage obligations (residential)*	66	$	615,803	$	(9,459	)	4	$	36,333	$	(1,204	)	70	$	652,136	$	(10,663	)
Mortgage-backed securities (residential)*	57	622,797		(14,395		)	—	—		—			57	622,797		(14,395		)
Corporate securities	1	7,014		(2		)	1	4,113		(447		)	2	11,127		(449		)
Municipal securities	95	69,331		(1,537		)	—	—		—			95	69,331		(1,537		)
Mutual funds	3	13,058		(367		)	—	—		—			3	13,058		(367		)
Total	222	$	1,328,003	$	(25,760	)	5	$	40,446	$	(1,651	)	227	$	1,368,449	$	(27,411	)

__________________________________

* Investments in U.S. Government agency and U.S. Government sponsored enterprises

The Company evaluates securities for other-than-temporary-impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the financial condition and near-term prospects of the issuer, the length of time and the extent to which the fair values of the securities have been less than the cost of the securities, and management’s intention to sell, or whether it is more likely than not that management will be required to sell a security in an unrealized loss position before recovery of its amortized cost basis. In analyzing an issuer’s financial condition, the Company considers, among other considerations, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition.

The Company has certain corporate securities, collateralized mortgage obligations, and municipal securities that were in a continuous unrealized loss position for twelve months or longer as of March 31, 2017. The corporate securities at March 31, 2017 had a total amortized cost of $4.6 million and an unrealized loss of $251 thousand at March 31, 2017. These corporate securities are scheduled to mature in May 2047. These securities were rated investment grade and there were no credit quality concerns with the issuer. The collateralized mortgage obligations in a continuous loss position for twelve months or longer had an unrealized loss of $1.1 million at March 31, 2017. These securities were issued by U.S. Government agency and U.S. Government sponsored enterprises and have high credit ratings of “AA” grade or better. Interest on the corporate securities and the U.S. Government agency and U.S. Government sponsored enterprise investments have been paid as agreed, and management believes this will continue in the future and that the securities will be repaid in full as scheduled. Municipal securities that were in a continuous loss position for twelve months or longer had an unrealized loss of $26 thousand at March 31, 2017. The market value declines for these securities were primarily due to movements in interest rates and are not reflective of management’s expectations of the Company’s ability to fully recover these investments, which may be at maturity. For these reasons, no OTTI was recognized on the corporate and municipal securities and the U.S. Government agency and U.S. Government sponsored collateralized mortgage obligations that were in an unrealized loss position at March 31, 2017.

The Company considers the losses on the investments in unrealized loss positions at March 31, 2017 to be temporary based on: 1) the likelihood of recovery; 2) the information relative to the extent and duration of the decline in market value; and 3) the Company’s intention not to sell, and management’s determination that it is more likely than not that the Company will not be required to sell a security in an unrealized loss position before recovery of its amortized cost basis.

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Loans Receivable and Allowance for Loan Losses

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Loans Receivable and Allowance for Loan Losses

7.    Loans Receivable and Allowance for Loan Losses

The following is a summary of loans receivable by major category:

	March 31, 2017			December 31, 2016
	(Dollars in thousands)
Loan portfolio composition
Real estate loans:
Residential	$	58,166		$	57,884
Commercial	7,948,844			7,842,573
Construction	284,178			254,113
Total real estate loans	8,291,188			8,154,570
Commercial business	1,696,895			1,832,021
Trade finance	143,298			154,928
Consumer and other	420,169			403,470
Total loans outstanding	10,551,550			10,544,989
Deferred loan fees, net	(1,883		)	(1,657		)
Loans receivable	10,549,667			10,543,332
Allowance for loan losses	(78,659		)	(79,343		)
Loans receivable, net of allowance for loan losses	$	10,471,008		$	10,463,989

The loan portfolio is made up of four segments: real estate loans, commercial business, trade finance and consumer and other. These segments are further segregated between loans accounted for under the amortized cost method (“Legacy Loans”) and previously acquired loans that were originally recorded at fair value with no carryover of the related pre-acquisition allowance for loan losses (“Acquired Loans”). Acquired Loans are further segregated between purchased credit impaired loans (loans with credit deterioration on the acquisition date and accounted for under ASC 310-30, or “PCIs”) and Acquired Performing Loans (loans that were pass graded on the acquisition date and the fair value adjustment is amortized over the contractual life under ASC 310-20, or “non-PCI loans”).

The following table presents changes in the accretable discount on the PCI loans for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	38,591		$	23,777
Accretion	(5,348		)	(3,029		)
Reclassification from nonaccretable difference	18,408			1,349
Balance at end of period	$	51,651		$	22,097

On the acquisition date, the amount by which the undiscounted expected cash flows exceed the estimated fair value of the PCI loans is the “accretable yield.” The accretable yield is then measured at each financial reporting date and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. The accretable yield will change from period to period due to the following: 1) estimates of the remaining life of acquired loans will affect the amount of future interest income; 2) indices for variable rates of interest on PCI loans may change; and 3) estimates of the amount of the contractual principal and interest that will not be collected (nonaccretable difference) may change.

The following tables detail the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2017 and 2016:

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended March 31, 2017
Balance, beginning of period	$	38,956		$	23,430		$	1,897		$	2,116		$	12,791		$	117		$	—	$	36		$	79,343
Provision (credit) for loan losses	6,106			(2,884		)	303			184			975			748			187		(19		)	5,600
Loans charged off	(1,154		)	(3,190		)	(1,576		)	(279		)	(336		)	(70		)	—		—			(6,605		)
Recoveries	21			123			—			1			25			149			—		2			321
Balance, end of period	$	43,929		$	17,479		$	624		$	2,022		$	13,455		$	944		$	187	$	19		$	78,659

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended March 31, 2016
Balance, beginning of period	$	42,829		$	16,332		$	3,592		$	556		$	12,823		$	214		$	—	$	62		$	76,408
Provision (credit) for loan losses	(1,218		)	3,147			(1,507		)	276			(82		)	(112		)	—		(4		)	500
Loans charged off	(19		)	(621		)	—			(65		)	(116		)	—			—		—			(821		)
Recoveries	523			190			—			1			1			52			—		2			769
Balance, end of period	$	42,115		$	19,048		$	2,085		$	768		$	12,626		$	154		$	—	$	60		$	76,856

The following tables break out the allowance for loan losses and the recorded investment of loans outstanding by individually impaired, general valuation, and PCI impairment, by portfolio segment, at March 31, 2017 and December 31, 2016:

	March 31, 2017
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	2,530	$	2,357	$	—	$	40	$	30	$	122	$	—	$	—	$	5,079
Collectively evaluated for impairment	41,399		15,122		624		1,982		1,289		822		187		19		61,444
PCI loans	—		—		—		—		12,136		—		—		—		12,136
Total	$	43,929	$	17,479	$	624	$	2,022	$	13,455	$	944	$	187	$	19	$	78,659
Loans outstanding:
Individually evaluated for impairment	$	75,377	$	28,421	$	4,450	$	715	$	19,325	$	1,019	$	—	$	272	$	129,579
Collectively evaluated for impairment	5,474,703		1,065,952		59,131		206,933		2,538,765		541,586		76,541		198,095		10,161,706
PCI loans	—		—		—		—		183,018		59,917		3,176		14,154		260,265
Total	$	5,550,080	$	1,094,373	$	63,581	$	207,648	$	2,741,108	$	602,522	$	79,717	$	212,521	$	10,551,550

	December 31, 2016
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,889	$	4,420	$	864	$	50	$	113	$	73	$	—	$	—	$	7,409
Collectively evaluated for impairment	37,067		19,010		1,033		2,066		548		44		—		36		59,804
PCI loans	—		—		—		—		12,130		—		—		—		12,130
Total	$	38,956	$	23,430	$	1,897	$	2,116	$	12,791	$	117	$	—	$	36	$	79,343
Loans outstanding:
Individually evaluated for impairment	$	74,085	$	34,783	$	6,029	$	733	$	23,865	$	435	$	—	$	431	$	140,361
Collectively evaluated for impairment	5,271,262		1,079,348		75,365		179,961		2,597,200		650,710		70,535		206,802		10,131,183
PCI loans	—		—		—		—		188,158		66,745		2,999		15,543		273,445
Total	$	5,345,347	$	1,114,131	$	81,394	$	180,694	$	2,809,223	$	717,890	$	73,534	$	222,776	$	10,544,989

As of March 31, 2017 and December 31, 2016, the reserve for unfunded commitments recorded in other liabilities was $3.4 million and $3.2 million, respectively. For the three months ended March 31, 2017 and 2016, the recognized provision (credit) for unfunded commitments recorded in credit related expense was $241 thousand and $(570) thousand, respectively.

The recorded investment of individually impaired loans was as follows:

	March 31, 2017			December 31, 2016
	(Dollars in thousands)
With allocated specific allowance
Without charge off	$	51,944		$	59,638
With charge off	196			1,120
With no allocated specific allowance
Without charge off	70,466			76,775
With charge off	6,973			2,828
Specific allowance on impaired loans	(5,079		)	(7,409		)
Impaired loans, net of specific allowance	$	124,500		$	132,952

The following tables detail the recorded investment of impaired loans (Legacy Loans and Acquired Loans that became impaired subsequent to being originated and acquired, respectfully) as of March 31, 2017 and December 31, 2016 and for the three months ended March 31, 2017 and 2016. Loans with no related allowance are believed by management to be adequately collateralized.

	As of March 31, 2017						As of December 31, 2016
Total Impaired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	581		581		9		2,095		2,384		90
Hotel & motel	6,395		6,433		403		6,387		6,387		337
Gas station & car wash	—		—		—		215		228		41
Mixed use	250		2,101		3		206		732		27
Industrial & warehouse	2,882		2,882		2		530		530		—
Other	22,412		22,657		2,143		22,580		22,825		1,507
Real estate—construction	—		—		—		—		—		—
Commercial business	19,538		19,698		2,479		26,543		27,161		4,493
Trade finance	—		—		—		2,111		2,156		864
Consumer and other	82		82		40		91		91		50
Subtotal	$	52,140	$	54,434	$	5,079	$	60,758	$	62,494	$	7,409
With no related allowance:
Real estate—residential	$	1,465	$	1,465	$	—	$	3,562	$	3,562	$	—
Real estate—commercial
Retail	16,752		17,724		—		12,753		13,290		—
Hotel & motel	6,273		12,221		—		6,122		11,735		—
Gas station & car wash	4,160		6,634		—		5,043		7,449		—
Mixed use	6,530		7,614		—		7,303		7,822		—
Industrial & warehouse	8,498		8,574		—		9,673		9,748		—
Other	15,648		16,911		—		20,181		21,492		—
Real estate—construction	2,856		2,996		—		1,300		1,441		—
Commercial business	9,902		13,509		—		8,675		9,472		—
Trade finance	4,450		4,450		—		3,918		3,918		—
Consumer and other	905		923		—		1,073		1,136		—
Subtotal	$	77,439	$	93,021	$	—	$	79,603	$	91,065	$	—
Total	$	129,579	$	147,455	$	5,079	$	140,361	$	153,559	$	7,409

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	For the Three Months Ended March 31, 2017				For the Three Months Ended March 31, 2016
Total Impaired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,338		4		1,712		—
Hotel & motel	6,391		43		4,611		57
Gas station & car wash	108		—		1,050		—
Mixed use	228		2		563		2
Industrial & warehouse	1,706		32		560		6
Other	22,496		253		24,462		275
Real estate—construction	—		—		—		—
Commercial business	23,041		195		35,742		265
Trade finance	1,055		—		10,314		94
Consumer and other	87		1		128		1
Subtotal	$	56,450	$	530	$	79,142	$	700
With no related allowance:
Real estate—residential	$	2,513	$	28	$	—	$	—
Real estate—commercial
Retail	14,752		159		11,105		100
Hotel & motel	6,198		7		7,849		22
Gas station & car wash	4,602		10		4,665		34
Mixed use	6,916		63		2,364		12
Industrial & warehouse	9,086		75		9,888		85
Other	17,915		130		12,712		90
Real estate—construction	2,078		20		1,355		—
Commercial business	9,289		30		8,950		41
Trade finance	4,184		51		—		—
Consumer and other	989		7		1,228		7
Subtotal	$	78,522	$	580	$	60,116	$	391
Total	$	134,972	$	1,110	$	139,258	$	1,091

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	As of March 31, 2017						As of December 31, 2016
Impaired Acquired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	311		311		—		1,826		2,114		85
Hotel & motel	92		89		2		—		—		—
Gas station & car wash	—		—		—		—		—		—
Mixed use	250		2,101		3		136		136		2
Industrial & warehouse	—		—		—		—		—		—
Other	333		337		25		337		341		26
Real estate—construction	—		—		—		—		—		—
Commercial business	774		828		122		294		339		73
Trade finance	—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—
Subtotal	$	1,760	$	3,666	$	152	$	2,593	$	2,930	$	186
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	679	$	679	$	—
Real estate—commercial
Retail	4,351		4,831		—		3,148		3,214		—
Hotel & motel	4,840		7,352		—		4,767		7,171		—
Gas station & car wash	618		804		—		1,568		1,815		—
Mixed use	5,283		5,510		—		5,315		5,551		—
Industrial & warehouse	65		65		—		66		66		—
Other	3,182		3,853		—		6,023		6,752		—
Real estate—construction	—		—		—		—		—		—
Commercial business	245		313		—		141		386		—
Trade finance	—		—		—		—		—		—
Consumer and other	272		281		—		431		484		—
Subtotal	$	18,856	$	23,009	$	—	$	22,138	$	26,118	$	—
Total	$	20,616	$	26,675	$	152	$	24,731	$	29,048	$	186

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	For the Three Months Ended March 31, 2017				For the Three Months Ended March 31, 2016
Impaired Acquired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,068		4		1,169		—
Hotel & motel	46		—		—		—
Gas station & car wash	—		—		509		—
Mixed use	193		2		493		2
Industrial & warehouse	—		—		—		—
Other	335		4		305		4
Real estate—construction	—		—		—		—
Commercial business	534		5		576		3
Trade finance	—		—		—		—
Consumer and other	—		—		—		—
Subtotal	$	2,176	$	15	$	3,052	$	9
With no related allowance:
Real estate—residential	$	339	$	—	$	—	$	—
Real estate—commercial
Retail	3,750		31		2,571		26
Hotel & motel	4,803		4		6,882		17
Gas station & car wash	1,093		10		1,392		25
Mixed use	5,299		63		273		3
Industrial & warehouse	66		1		1,111		2
Other	4,603		13		3,826		14
Real estate—construction	—		—		—		—
Commercial business	193		1		672		8
Trade finance	—		—		—		—
Consumer and other	351		2		557		2
Subtotal	$	20,497	$	125	$	17,284	$	97
Total	$	22,673	$	140	$	20,336	$	106

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

Generally, loans are placed on nonaccrual status if the principal and/or interest payments become 90 days past due and/or management deems the collectibility of the principal and/or interest to be in question, as well as when required by regulatory requirements. Loans to customers whose financial condition has deteriorated are considered for nonaccrual status whether or not the loan is 90 days or more past due. Generally, payments received on nonaccrual loans are recorded as principal reductions. Loans are returned to accrual status only when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Company did not recognize any cash basis interest income for the three months ended March 31, 2017 or 2016.

The following tables present the recorded investment of past due loans by the number of days past due as of March 31, 2017 and December 31, 2016 by class of loans:

	As of March 31, 2017
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total		Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	938		—		—		938		2,657		3,595
Hotel & motel	3,341		1,187		—		4,528		4,216		8,744
Gas station & car wash	947		—		—		947		3,542		4,489
Mixed use	—		—		—		—		1,247		1,247
Industrial & warehouse	57		1,028		—		1,085		1,922		3,007
Other	4,046		1,031		—		5,077		3,114		8,191
Real estate—construction	—		—		—		—		1,300		1,300
Commercial business	640		666		—		1,306		9,155		10,461
Trade finance	—		—		—		—		528		528
Consumer and other	229		66		275		570		228		798
Subtotal	$	10,198	$	3,978	$	275	$	14,451	$	27,909	$	42,360
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,156		653		—		1,809		1,578		3,387
Hotel & motel	1,546		—		—		1,546		4,668		6,214
Gas station & car wash	—		—		—		—		47		47
Mixed use	—		354		—		354		162		516
Industrial & warehouse	1,406		—		—		1,406		—		1,406
Other	97		—		—		97		2,096		2,193
Real estate—construction	—		—		—		—		—		—
Commercial business	360		—		—		360		435		795
Trade finance	—		—		—		—		—		—
Consumer and other	684		—		—		684		114		798
Subtotal	$	5,249	$	1,007	$	—	$	6,256	$	9,100	$	15,356
TOTAL	$	15,447	$	4,985	$	275	$	20,707	$	37,009	$	57,716

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.2 million. Includes nonaccrual loans less than 30 days past due totaling $15.6 million.

	As of December 31, 2016
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total		Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	480		—		—		480		3,672		4,152
Hotel & motel	1,836		3,137		—		4,973		1,392		6,365
Gas station & car wash	362		—		—		362		3,690		4,052
Mixed use	—		—		—		—		1,305		1,305
Industrial & warehouse	—		697		—		697		1,922		2,619
Other	2,871		—		—		2,871		4,007		6,878
Real estate—construction	—		1,513		—		1,513		1,300		2,813
Commercial business	558		815		—		1,373		9,371		10,744
Trade finance	—		500		—		500		2,056		2,556
Consumer and other	146		58		305		509		229		738
Subtotal	$	6,253	$	6,720	$	305	$	13,278	$	28,944	$	42,222
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	679	$	679
Real estate—commercial
Retail	1,611		—		—		1,611		1,871		3,482
Hotel & motel	95		—		—		95		4,501		4,596
Gas station & car wash	68		340		—		408		993		1,401
Mixed use	—		—		—		—		48		48
Industrial & warehouse	257		—		—		257		—		257
Other	350		—		—		350		2,144		2,494
Real estate—construction	—		—		—		—		—		—
Commercial business	1,303		684		—		1,987		345		2,332
Trade finance	—		—		—		—		—		—
Consumer and other	331		25		—		356		549		905
Subtotal	$	4,015	$	1,049	$	—	$	5,064	$	11,130	$	16,194
TOTAL	$	10,268	$	7,769	$	305	$	18,342	$	40,074	$	58,416

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.9 million. Includes nonaccrual loans less than 30 days past due totaling $18.3 million.

Loans accounted for under ASC 310-30 are generally considered accruing and performing loans and the accretable discount is accreted to interest income over the estimated life of the loan when cash flows are reasonably estimable. Accordingly, PCI loans that are contractually past due are still considered to be accruing and performing loans. The loans may be classified as nonaccrual if the timing and amount of future cash flows is not reasonably estimable.

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including, but not limited to, current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes all non-homogeneous loans. This analysis is performed at least on a quarterly basis. The definitions for risk ratings are as follows:

• Pass: Loans that meet a preponderance or more of the Company’s underwriting criteria and evidence an acceptable level of risk.

• Special Mention: Loans that have potential weaknesses that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

• Substandard: Loans that are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. Loans in this classification have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

• Doubtful: Loans that have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

The following tables present the recorded investment of risk ratings for Legacy and Acquired Loans as of March 31, 2017 and December 31, 2016 by class of loans:

	As of March 31, 2017
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	36,883	$	219	$	1,465	$	—	$	38,567
Real estate—commercial
Retail	1,373,943		19,057		17,634		—		1,410,634
Hotel & motel	1,171,476		15,238		9,010		—		1,195,724
Gas station & car wash	637,755		10,280		3,542		—		651,577
Mixed use	396,870		957		1,408		—		399,235
Industrial & warehouse	515,640		21,839		14,970		—		552,449
Other	1,050,557		22,967		35,864		—		1,109,388
Real estate—construction	175,895		13,755		2,856		—		192,506
Commercial business	1,000,577		18,973		74,590		233		1,094,373
Trade finance	53,839		4,142		5,600		—		63,581
Consumer and other	206,835		4		809		—		207,648
Subtotal	$	6,620,270	$	127,431	$	167,748	$	233	$	6,915,682
Acquired Loans:
Real estate—residential	$	19,330	$	269	$	—	$	—	$	19,599
Real estate—commercial
Retail	750,436		11,996		17,642		—		780,074
Hotel & motel	316,099		11,955		17,562		—		345,616
Gas station & car wash	243,494		8,918		9,190		—		261,602
Mixed use	117,453		3,578		11,599		8		132,638
Industrial & warehouse	314,060		14,694		16,453		298		345,505
Other	712,484		28,529		23,389		—		764,402
Real estate—construction	91,672		—		—		—		91,672
Commercial business	549,059		17,666		35,700		97		602,522
Trade finance	76,541		17		3,159		—		79,717
Consumer and other	204,689		914		5,270		1,648		212,521
Subtotal	$	3,395,317	$	98,536	$	139,964	$	2,051	$	3,635,868
Total	$	10,015,587	$	225,967	$	307,712	$	2,284	$	10,551,550

	As of December 31, 2016
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	34,283	$	223	$	2,883	$	—	$	37,389
Real estate—commercial
Retail	1,303,452		18,929		15,430		—		1,337,811
Hotel & motel	1,187,709		12,763		9,026		—		1,209,498
Gas station & car wash	643,282		7,259		3,690		—		654,231
Mixed use	375,312		—		1,467		—		376,779
Industrial & warehouse	478,528		29,830		13,745		—		522,103
Other	969,024		22,220		41,017		—		1,032,261
Real estate—construction	159,230		14,745		1,300		—		175,275
Commercial business	1,032,232		15,919		65,885		95		1,114,131
Trade finance	68,051		5,673		7,670		—		81,394
Consumer and other	179,864		1		829		—		180,694
Subtotal	$	6,430,967	$	127,562	$	162,942	$	95	$	6,721,566
Acquired Loans:
Real estate—residential	$	18,007	$	1,809	$	679	$	—	$	20,495
Real estate—commercial
Retail	772,465		9,860		21,110		—		803,435
Hotel & motel	328,396		5,419		18,233		—		352,048
Gas station & car wash	249,379		8,437		11,338		—		269,154
Mixed use	118,643		3,105		12,505		8		134,261
Industrial & warehouse	321,040		31,819		9,048		315		362,222
Other	736,385		23,286		29,099		—		788,770
Real estate—construction	78,838		—		—		—		78,838
Commercial business	649,186		31,340		37,265		99		717,890
Trade finance	70,535		61		2,938		—		73,534
Consumer and other	214,437		958		5,949		1,432		222,776
Subtotal	$	3,557,311	$	116,094	$	148,164	$	1,854	$	3,823,423
Total	$	9,988,278	$	243,656	$	311,106	$	1,949	$	10,544,989

The Company reclassifies loans held for investment to loans held for sale in the event that the Company plans to sell loans that were originated with the intent to hold to maturity. Loans transferred from held to investment to held for sale are carried at the lower of cost or fair value. The breakdown of loans by type that were reclassified from held to investment to held for sale for the three months ended March 31, 2017 and 2016 is presented in the following table:

	Three Months Ended March 31,
	2017		2016
Transfer of loans receivable to held for sale	(Dollars in thousands)
Real estate - commercial	$	8,699	$	—
Commercial business	752		—
Consumer	—		450
Total	$	9,451	$	450

The adequacy of the allowance for loan losses is determined by management based upon an evaluation and review of the credit quality of the loan portfolio, consideration of historical loan loss experience, relevant internal and external factors that affect the collection of a loan, and other pertinent factors.

Migration analysis is a formula methodology derived from the Bank’s actual historical net charge off experience for each loan class (type) or pool and risk grade. The migration analysis is centered on the Bank’s internal credit risk rating system. Management’s internal loan review and external contracted credit review examinations are used to determine and validate loan risk grades. This credit review system takes into consideration factors such as: borrower’s background and experience; historical and current financial condition; credit history and payment performance; economic conditions and their impact on various industries; type, fair value and volatility of the fair value of collateral; lien position; and the financial strength of any guarantors.

A general loan loss allowance is provided on loans not specifically identified as impaired (“non-impaired loans”). The Bank’s general loan loss allowance has two components: quantitative and qualitative risk factors. The quantitative risk factors are based on the migration analysis methodology described above. The loans are classified by class and risk grade, and the historical loss migration is tracked for the various classes. Loss experience is quantified for a specified period and then weighted to place more significance on the most recent losses. That loss experience is then applied to the stratified portfolio at the end of each quarter. For PCI loans, a general loan loss allowance is provided to the extent that there has been credit deterioration since the date of acquisition. 

Additionally, in order to systematically quantify the credit risk impact of other trends and changes within the loan portfolio, the Bank utilizes qualitative adjustments to the migration analysis within established parameters. The parameters for making adjustments are established under a Credit Risk Matrix that provides seven possible scenarios for each of the factors below. The matrix allows for up to three positive (Major, Moderate, and Minor), three negative (Major, Moderate, and Minor), and one neutral credit risk scenarios within each factor for each loan type or pool. However, if information exists to warrant adjustment to the migration analysis, changes are made in accordance with the established parameters supported by narrative and/or statistical analysis. The Credit Risk Matrix and the nine possible scenarios enable the Bank to qualitatively adjust the Loss Migration Ratio by as much as 50 basis points in either direction (positive or negative) for each loan type pool. This matrix considers the following nine factors, which are patterned after the guidelines provided under the FFIEC Interagency Policy Statement on the Allowance for Loan and Lease Losses:

• Changes in lending policies and procedures, including underwriting standards and collection, charge off, and recovery practices;

• Changes in national and local economic and business conditions and developments, including the condition of various market segments;

• Changes in the nature and volume of the loan portfolio;

• Changes in the experience, ability and depth of lending management and staff;

• Changes in the trends of the volume and severity of past due loans, classified loans, nonaccrual loans, troubled debt restructurings and other loan modifications;

• Changes in the quality of our loan review system and the degree of oversight by the Directors;

• Changes in the value of underlying collateral for collateral-dependent loans;

• The existence and effect of any concentrations of credit and changes in the level of such concentrations; and

• The effect of external factors, such as competition and legal and regulatory requirements, on the level of estimated losses in our loan portfolio.

The Company also establishes specific loss allowances for loans that have identified potential credit risk conditions or circumstances related to a specific individual credit. The specific allowance amounts are determined in accordance with ASC 310-10-35-22, “Measurement of Impairment.” The loans identified as impaired will be accounted for in accordance with one of the three acceptable valuation methods: 1) the present value of future cash flows discounted at the loan’s effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral, if the loan is collateral dependent. For the collateral dependent impaired loans, management obtains a new appraisal to determine the amount of impairment as of the date that the loan became impaired. The appraisals are based on an “as is” valuation. To ensure that appraised values remain current, management either obtains updated appraisals every twelve months from a qualified independent appraiser or an internal evaluation of the collateral is performed by qualified personnel. If the third party market data indicates that the value of the collateral property has declined since the most recent valuation date, management adjusts the value of the property downward to reflect current market conditions. If the fair value of the collateral is less than the recorded amount of the loan, management recognizes impairment by creating or adjusting an existing valuation allowance with a corresponding charge to the provision for loan losses. If an impaired loan is expected to be collected through liquidation of the underlying collateral, the loan is deemed to be collateral dependent and the amount of impairment is charged off against the allowance for loan losses.

The Company considers a loan to be impaired when it is probable that not all amounts due (principal and interest) will be collectible in accordance with the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The significance of payment delays and payment shortfalls is determined on a case-by-case basis by taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

For commercial business loans, real estate loans, and certain consumer loans, management bases the measurement of loan impairment on the present value of the expected future cash flows, discounted at the loan’s effective interest rate, or on the fair value of the loan’s collateral if the loan is collateral dependent. Management evaluates most consumer loans for impairment on a collective basis because these loans generally have smaller balances and are homogeneous in the underwriting of terms and conditions and in the types of collateral.

For PCI loans, the allowance for loan losses is based upon expected cash flows for these loans. To the extent that a deterioration in borrower’s credit quality results in a decrease in expected cash flows subsequent to the acquisition of the loans, an allowance for loan losses would be established based on an estimate of future credit losses over the remaining life of the loans. Provision for loan losses on acquired loans for the three months ended March 31, 2017 was $1.9 million of which $734 thousand was related to PCI loans.

The following table presents breakdown of loans by impairment method at March 31, 2017 and December 31, 2016:

	As of March 31, 2017
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	1,465		$	90,381		$	2,856		$	29,440		$	4,450		$	987		$	129,579
Specific allowance	$	—		$	2,560		$	—		$	2,479		$	—		$	40		$	5,079
Allowance coverage ratio	N/A			2.83		%	N/A			8.42		%	N/A			4.05		%	3.92		%
Other loans	$	56,701		$	7,858,463		$	281,322		$	1,667,455		$	138,848		$	419,182		$	10,421,971
General allowance	$	287		$	52,827		$	1,710		$	15,944		$	811		$	2,001		$	73,580
Allowance coverage ratio	0.51		%	0.67		%	0.61		%	0.96		%	0.58		%	0.48		%	0.71		%
Total loans	$	58,166		$	7,948,844		$	284,178		$	1,696,895		$	143,298		$	420,169		$	10,551,550
Total allowance for loan losses	$	287		$	55,387		$	1,710		$	18,423		$	811		$	2,041		$	78,659
Allowance coverage ratio	0.49		%	0.70		%	0.60		%	1.09		%	0.57		%	0.49		%	0.75		%

	As of December 31, 2016
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	3,562		$	93,088		$	1,300		$	35,218		$	6,029		$	1,164		$	140,361
Specific allowance	$	—		$	2,002		$	—		$	4,493		$	864		$	50		$	7,409
Allowance coverage ratio	N/A			2.15		%	N/A			12.76		%	14.33		%	4.30		%	5.28		%
Other loans	$	54,322		$	7,749,485		$	252,813		$	1,796,803		$	148,899		$	402,306		$	10,404,628
General allowance	$	209		$	47,915		$	1,621		$	19,054		$	1,033		$	2,102		$	71,934
Allowance coverage ratio	0.38		%	0.62		%	0.64		%	1.06		%	0.69		%	0.52		%	0.69		%
Total loans	$	57,884		$	7,842,573		$	254,113		$	1,832,021		$	154,928		$	403,470		$	10,544,989
Total allowance for loan losses	$	209		$	49,917		$	1,621		$	23,547		$	1,897		$	2,152		$	79,343
Allowance coverage ratio	0.36		%	0.64		%	0.64		%	1.29		%	1.22		%	0.53		%	0.75		%

Under certain circumstances, the Company provides borrowers relief through loan modifications. These modifications are either temporary in nature (“temporary modifications”) or are more substantive. At March 31, 2017, total modified loans were $66.1 million, compared to $70.9 million at December 31, 2016. The temporary modifications generally consist of interest only payments for a three to six month period, whereby principal payments are deferred. At the end of the modification period, the remaining principal balance is re-amortized based on the original maturity date. Loans subject to temporary modifications are generally downgraded to Special Mention or Substandard. At the end of the modification period, the loan either 1) returns to the original contractual terms; 2) is further modified and accounted for as a troubled debt restructuring in accordance with ASC 310-10-35; or 3) is disposed of through foreclosure or liquidation.

Troubled Debt Restructurings (“TDRs”) of loans are defined by ASC 310-40, “Troubled Debt Restructurings by Creditors” and evaluated for impairment in accordance with ASC 310-10-35. The concessions may be granted in various forms, including reduction in the stated interest rate, reduction in the amount of principal amortization, forgiveness of a portion of a loan balance or accrued interest, or extension of the maturity date. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed on the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Bank’s internal underwriting policy.

A summary of the recorded investment of TDRs on accrual and nonaccrual status by type of concession as of March 31, 2017 and December 31, 2016 is presented below:

	As of March 31, 2017
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,249	$	233	$	—	$	16,482	$	2,503	$	1,270	$	—	$	3,773	$	20,255
Maturity / amortization concession	2,302		17,969		4,499		24,770		1,774		4,789		853		7,416		32,186
Rate concession	6,068		1,579		85		7,732		5,567		365		—		5,932		13,664
Total	$	24,619	$	19,781	$	4,584	$	48,984	$	9,844	$	6,424	$	853	$	17,121	$	66,105

	As of December 31, 2016
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,358	$	29	$	—	$	16,387	$	4,417	$	1,717	$	—	$	6,134	$	22,521
Maturity / amortization concession	1,840		17,471		4,600		23,911		1,313		6,130		2,287		9,730		33,641
Rate concession	6,856		1,665		55		8,576		5,590		387		155		6,132		14,708
Total	$	25,054	$	19,165	$	4,655	$	48,874	$	11,320	$	8,234	$	2,442	$	21,996	$	70,870

TDRs on accrual status are comprised of loans that were accruing at the time of restructuring and for which the Bank anticipates full repayment of both principal and interest under the restructured terms. TDRs that are on nonaccrual status can be returned to accrual status after a period of sustained performance, generally determined to be six months of timely payments as modified.  Sustained performance includes the periods prior to the modification if the prior performance met or exceeded the modified terms. TDRs on accrual status at March 31, 2017 were comprised of 20 commercial real estate loans totaling $24.6 million, 24 commercial business loans totaling $19.8 million, and 24 other loans totaling $4.6 million. TDRs on accrual status at December 31, 2016 were comprised of 20 commercial real estate loans totaling $25.1 million, 23 commercial business loans totaling $19.2 million and 19 other loans totaling $4.7 million. The Company expects that TDRs on accrual status as of March 31, 2017, which were all performing in accordance with their restructured terms, to continue to comply with the restructured terms because of the reduced principal or interest payments on these loans. TDRs that were restructured at market interest rates and had sustained performance as agreed under the modified loan terms may be reclassified as non-TDRs after each year end but are reserved for under ASC 310-10.

The Company has allocated $3.8 million and $5.3 million of specific reserves to TDRs as of March 31, 2017 and December 31, 2016, respectively. 

The following table presents the recorded investment of loans modified as TDRs during the three months ended March 31, 2017 and March 31, 2016 by class of loans:

	Three Months Ended March 31, 2017					Three Months Ended March 31, 2016
	Number of Loans	Pre- Modification		Post- Modification		Number of Loans	Pre- Modification		Post- Modification
	(Dollars in thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	$	—	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	1	482		482		—	—		—
Real estate - construction	—	—		—		—	—		—
Commercial business	2	1,681		1,218		6	11,088		7,039
Trade finance	—	—		—		1	2,199		1,586
Consumer and other	—	—		—		—	—		—
Subtotal	3	$	2,163	$	1,700	7	$	13,287	$	8,625
Acquired Loans:
Real estate—commercial
Retail	—	$	—	$	—	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	1	93		97		—	—		—
Real estate—construction	—	—		—		—	—		—
Commercial business	2	649		561		—	—		—
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		1	30		29
Subtotal	3	$	742	$	658	1	$	30	$	29
Total	6	$	2,905	$	2,358	8	$	13,317	$	8,654

For TDRs modified during the three months ended March 31, 2017, the Company recorded totaled $2 thousand in specific reserves. Total charge offs of TDR loans modified during the three months ended March 31, 2017 totaled $131 thousand. TDR loans modified during the three months ended March 31, 2016 had specific reserves of $2.1 million. There were no charge-offs for TDR loans modified during the three months ended March 31, 2016.

The following table presents loans modified as TDRs within the previous twelve months and have subsequently had a payment default during the three months ended March 31, 2017:

	Three Months Ended March 31, 2017			Three Months Ended March 31, 2016
	Number of Loans	Balance		Number of Loans	Balance
	(Dollars In thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		2	729
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	102		6	2,272
Trade finance	—	—		—	—
Consumer and other	—	—		—	—
Subtotal	1	$	102	8	$	3,001
Acquired Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		1	62
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	11		—	—
Trade finance	—	—		—	—
Consumer and other	—	—		—	—
Subtotal	1	$	11	1	$	62
Total	2	$	113	9	$	3,063

A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. As of March 31, 2017, the specific reserves totaled $10 thousand for the TDRs that had payment defaults during the three months ended March 31, 2017. The total charge offs for the TDRs that had payment defaults during the three months ended March 31, 2017 was $0.

There was one commercial business Legacy Loan totaling $102 thousand that subsequently defaulted during the three months ended March 31, 2017 that was modified through payment concession. There was one commercial business Acquired Loan totaling $11 thousand that subsequently defaulted during the three months ended March 31, 2017 that was modified through payment concession.

As of March 31, 2016, the specific reserves totaled $144 thousand for the TDRs that had payment defaults during the three months ended March 31, 2016. The total charge offs for the TDRs that had payment defaults during the three months ended March 31, 2016 were $30 thousand.

There were eight Legacy Loans that subsequently defaulted during the three months ended March 31, 2016 that were modified as follows: four Commercial Business loans totaling $2.0 million were modified through payment concessions, two Commercial Business loans totaling $249 thousand were modified through maturity concessions, and two Real Estate Commercial loans totaling $729 thousand were modified through maturity concessions. There was one Acquired Loan totaling $62 thousand that defaulted during the three months ended March 31, 2016 that was modified through payment concession.

Covered Assets

On April 16, 2010, the Department of Financial Institutions closed Innovative Bank, California, and appointed the FDIC as its receiver. On the same date, the Company assumed the banking operations of Innovative Bank from the FDIC under a purchase and assumption agreement and two related loss sharing agreements with the FDIC. These agreements provide for the sharing of losses and recoveries on the covered assets. The loss sharing provisions of the agreements expired on June 30, 2015, however, the Company will continue to reimburse the FDIC for recoveries on its covered assets until June 30, 2018. In addition, recently acquired Wilshire Bank had a loss sharing agreement with the FDIC related to loans acquired from Mirae Bank which was assumed by the Company in the acquisition of Wilshire in July 2016. The loss sharing agreement related to Wilshire with respect to losses on loans acquired from Mirae Bank expired in June 2014, however, the Company continued to reimburse the FDIC for recoveries on former Mirae Bank loans until June 2017. Under the terms of the agreements, the Company’s FDIC clawback liability was $2.0 million as of March 31, 2017.

Covered nonperforming assets totaled $1.6 million and $2.5 million at March 31, 2017 and December 31, 2016, respectively. These covered nonperforming assets are subject to the loss sharing agreements with the FDIC. The covered nonperforming assets at March 31, 2017 and December 31, 2016 were as follows:

	March 31, 2017		December 31, 2016
	(Dollars in thousands)
Covered loans on nonaccrual status	$	181	$	189
Covered OREO	1,400		2,306
Total covered nonperforming assets	$	1,581	$	2,495
Acquired covered loans	$	32,010	$	32,367

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Deposits

3 Months Ended

Mar. 31, 2017

Banking and Thrift [Abstract]

Deposits

Deposits

The aggregate amount of time deposits in denominations of $250,000 or more at March 31, 2017 and December 31, 2016, was $1.56 billion and $1.55 billion, respectively. Included in time deposits of $250,000 or more were $300.0 million in California State Treasurer’s deposits at March 31, 2017 and December 31, 2016. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. The Company is required to pledge eligible collateral of at least 110% of outstanding deposits. At March 31, 2017 and December 31, 2016, securities with carrying values of approximately $355.7 million and $371.6 million, respectively, were pledged as collateral for the California State Treasurer’s deposit.

The Company also utilizes brokered deposits as a secondary source of funds. Total brokered deposits at March 31, 2017 and December 31, 2016, totaled $714.4 million and $724.7 million, respectively.

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Borrowings

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Borrowings

Borrowings

The Company maintains a line of credit with the FHLB of San Francisco for use as a secondary source of funds. The borrowing capacity with the FHLB is limited to the lower of 25% of the Bank’s total assets or the Bank’s collateral capacity, which was $3.36 billion at March 31, 2017, and $3.38 billion at December 31, 2016. The terms of this credit facility require the Company to pledge eligible collateral with the FHLB equal to at least 100% of outstanding advances.

At March 31, 2017 and December 31, 2016, real estate secured loans with a carrying amount of approximately $5.50 billion and $5.53 billion, respectively, were pledged at the FHLB. At March 31, 2017 and December 31, 2016, other than FHLB stock, no securities were pledged as collateral at FHLB.

At March 31, 2017 and December 31, 2016, FHLB advances totaled $703.9 million and $754.3 million, respectively, had weighted average effective interest rates of 1.29% and 1.22%, respectively, and had various maturities through July 2021. The Company had a putable advance at March 31, 2017 and December 31, 2016, totaling $20.1 million and $20.2 million, respectively, with a quarterly put date. The stated rate of FHLB advances as of March 31, 2017 ranged between 0.84% and 2.02%. At March 31, 2017, the Company’s remaining borrowing capacity with the FHLB was $2.64 billion.

At March 31, 2017, the contractual maturities for FHLB advances were as follows:

	Contractual Maturities		Maturity/ Put Date
	(Dollars in thousands)
Due within one year	$	220,103	$	220,103
Due after one year through five years	483,747		483,747
Total	$	703,850	$	703,850

As a member of the FRB system, the Bank may also borrow from the FRB of San Francisco. The maximum amount that the Bank may borrow from the FRB’s discount window is up to 95% of the outstanding principal balance of the qualifying loans and the fair value of the securities that are pledged. At March 31, 2017, the outstanding principal balance of the qualifying loans was $651.7 million, and the fair value of investment securities was $5.7 million. There were no borrowings outstanding against this line as of March 31, 2017 and December 31, 2016.

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Subordinated Debentures

3 Months Ended

Mar. 31, 2017

Subordinated Borrowings [Abstract]

Subordinated Debentures

Subordinated Debentures

At March 31, 2017, the Company had nine wholly owned subsidiary grantor trusts that had issued $126.0 million of pooled trust preferred securities. Trust preferred securities accrue and pay distributions periodically at specified annual rates as provided in the indentures. The trusts used the net proceeds from the offering to purchase a like amount of subordinated debentures (the “Debentures”). The Debentures are the sole assets of the trusts. The Company’s obligations under the subordinated debentures and related documents, taken together, constitute a full and unconditional guarantee by the Company of the obligations of the trusts. The trust preferred securities are mandatorily redeemable upon the maturity of the Debentures, or upon earlier redemption as provided in the indentures. The Company now has the right to redeem the Debentures in whole (but not in part) on a quarterly basis at a redemption price specified in the indentures plus any accrued but unpaid interest to the redemption date. The Company also has a right to defer consecutive payments of interest on the debentures for up to five years.

The following table is a summary of trust preferred securities and Debentures at March 31, 2017:

Issuance Trust	Issuance Date	Trust Preferred Security Amount		Carrying Value of Subordinated Debentures		Rate Type	Current Rate	Maturity Date
		(Dollars in thousands)
Nara Capital Trust III	06/05/2003	$	5,000	$	5,155	Variable	4.28%	06/15/2033
Nara Statutory Trust IV	12/22/2003	5,000		5,155		Variable	3.87%	01/07/2034
Nara Statutory Trust V	12/17/2003	10,000		10,310		Variable	4.10%	12/17/2033
Nara Statutory Trust VI	03/22/2007	8,000		8,248		Variable	2.78%	06/15/2037
Center Capital Trust I	12/30/2003	18,000		13,684		Variable	3.87%	01/07/2034
Wilshire Statutory Trust II	03/17/2005	20,000		15,158		Variable	2.94%	03/17/2035
Wilshire Statutory Trust III	09/15/2005	15,000		10,635		Variable	2.53%	09/15/2035
Wilshire Statutory Trust IV	07/10/2007	25,000		17,275		Variable	2.51%	09/15/2037
Saehan Capital Trust I	03/30/2007	20,000		14,447		Variable	2.77%	06/30/2037
Total		$	126,000	$	100,067

The Company’s investment in the common trust securities of the issuer trusts was $3.9 million at March 31, 2017 and is included in other assets. Although the subordinated debt issued by the trusts are not included as a component of stockholders’ equity in the consolidated balance sheets, the debt is treated as capital for regulatory purposes. The trust preferred security debt issuances are includable in Tier I capital up to a maximum of 25% of capital on an aggregate basis. Any amount that exceeds 25% qualifies as Tier 2 capital.

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Derivative Financial Instruments (Notes)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

he following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

	As of March 31, 2017					As of December 31, 2016
(Dollars in thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Assets:
Interest rate lock commitments	$	6,801	$	113		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	626	$	—		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	—	$	—		$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	6,175	$	(40	)	$	9,755	$	(38	)

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Goodwill, Intangible Assets, and Servicing Assets

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Intangible Assets, and Servicing Assets

Goodwill, Intangible Assets, and Servicing Assets

Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. At December 31, 2016, management assessed the qualitative factors related to goodwill for the year to determine whether it was more-likely-than-not that the fair value was less than its carrying amount. Based on the analysis of these factors, management determined that it was more-likely-than-not that the fair value of goodwill exceeded the carrying value and that the two-step impairment test was not needed. Goodwill is not amortized for book purposes and is not tax deductible.

The carrying amount of the Company’s goodwill as of March 31, 2017 and December 31, 2016 was $464.0 million, and $463.0 million, respectively. There was no impairment of goodwill during the three months ended March 31, 2017. Goodwill recorded in the third quarter of 2016 from the acquisition of Wilshire totaled $359.0 million. During the fourth quarter of 2016, the Company made a net adjustment of $1.4 million to the deferred tax assets and taxes receivable acquired from Wilshire which reduced the previous goodwill recorded from the transaction by $1.4 million. Subsequently in the first quarter of 2017, the Company made a net adjustment of $978 thousand to OREO and deferred tax assets acquired from Wilshire which increased goodwill recorded from the Wilshire transaction by $978 thousand. These adjustments were made to reflect new information obtained about facts and circumstances that existed as of the acquisition date in accordance with ASC 805-10-25-13. At March 31, 2017, goodwill related to the acquisition of Wilshire totaled $358.6 million.

Core deposit intangible assets are amortized over their estimated lives, which range from seven to ten years. Amortization expense related to core deposit intangible assets totaled $676 thousand and $212 thousand for the three months ended March 31, 2017 and 2016, respectively. The following table provides information regarding the core deposit intangibles at March 31, 2017:

		As of March 31, 2017
	Amortization period	Gross Carrying Amount		Accumulated Amortization
		(Dollars in thousands)
Core deposit—Center Financial acquisition	7 years	$	4,100	$	(3,755	)
Core deposit—PIB acquisition	7 years	604		(484		)
Core deposit—Foster acquisition	10 years	2,763		(1,417		)
Core deposit—Wilshire acquisition	10 years	18,138		(1,399		)
Total		$	25,605	$	(7,055	)

Servicing assets are recognized when SBA or residential mortgage loans are sold with servicing retained with the income statement effect recorded in net gains on sales of SBA and other loans. Servicing assets are initially recorded at fair value based on the present value of the contractually specified servicing fee, net of servicing costs, over the estimated life of the loan, using a discount rate based on the related note rate. The Company’s servicing costs approximates the industry average servicing costs. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans.

Management periodically evaluates servicing assets for impairment based upon the fair value of the rights as compared to the carrying amount. Impairment is determined by stratifying rights into groupings based on loan type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. As of March 31, 2017 and December 31, 2016, the Company did not have a valuation allowance for servicing assets.

The changes in servicing assets for the three months ended March 31, 2017 and 2016 were as follows:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	26,457		$	12,000
Additions through originations of servicing assets	1,296			777
Amortization	(1,812		)	(921		)
Balance at end of period	$	25,941		$	11,856

Loans serviced for others are not reported as assets. The principal balances of loans serviced for other institutions were $1.5 billion as of March 31, 2017 and $1.5 billion as of December 31, 2016.

The Company utilizes the discounted cash flow method to calculate the initial excess servicing assets. The inputs used in determining the impairment of the servicing assets at March 31, 2017 and December 31, 2016 are presented below.

	March 31, 2017	December 31, 2016
SBA Servicing Assets:
Weighted-average discount rate	10.29%	9.85%
Constant prepayment rate	8.18%	8.05%
Mortgage Servicing Assets:
Weighted-average discount rate	9.66%	7.25%
Constant prepayment rate	7.71%	13.77%

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Income Taxes

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For the first quarter of 2017, the Company had an income tax provision totaling $23.0 million on pretax income of $59.2 million, representing an effective tax rate of 38.84%, compared with an income tax provision of $16.2 million on pretax income of $39.8 million, representing an effective tax rate of 40.69% for the first quarter of 2016.

A reconciliation of the difference between the federal statutory income tax rate and the effective tax rate is shown in the following table for the three months ended March 31, 2017 and March 31, 2016:

	March 31, 2017		March 31, 2016
Statutory tax rate	35.00	%	35.00	%
State taxes-net of federal tax effect	7.18	%	7.32	%
Affordable housing partnership investment tax credit	(2.93	)%	(1.29	)%
Bank owned life insurance	(0.16	)%	(0.24	)%
Municipal securities	(0.25	)%	(0.21	)%
Nondeductible transaction costs	0.08	%	0.48	%
Other	(0.08	)%	(0.37	)%
Effective income tax rate	38.84	%	40.69	%

The Company and its subsidiaries are subject to U.S. federal income tax, as well as state income taxes. The Company had total unrecognized tax benefits of $2.2 million at March 31, 2017 and December 31, 2016 that relate to uncertainties associated with federal and state income tax matters. Other than the accrued interest of $100 thousand related to uncertain tax positions from an acquired entity, the Company recognizes interest and penalties on income tax matters in income tax expense. The Company recorded approximately $331 thousand and $306 thousand for accrued interest and penalties (no portion was related to penalties) at March 31, 2017 and December 31, 2016, respectively.

Management believes it is reasonably possible that the unrecognized tax benefits may decrease by approximately $1.0 million in the next twelve months.

The statute of limitations for the assessment of income taxes related to the consolidated Federal income tax returns is closed for all tax years up to and including 2012. The expiration of the statute of limitations for the assessment of income and franchise taxes related to the various state income and franchise tax returns varies by state. The Company is currently under examination by the California Franchise Tax Board (FTB) for the 2011, 2012 and 2013 tax years and by the New York State Department of Taxation and Finance for the 2013, 2014, and 2015 tax years. Wilshire Bancorp, Inc., an acquired entity, is currently under examination by the California Franchise Tax Board (FTB) for the 2011, 2012, and 2013 tax years and by the New York State Department of Taxation and Finance for the 2011, 2012, 2013, and 2014 tax years. While the outcome of the examinations is unknown, the Company expects no material adjustments.

Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluates both positive and negative evidence, including the existence of any cumulative losses in the current year and the prior two years, the amount of taxes paid in available carry-back years, the forecasts of future income, applicable tax planning strategies, and assessments of current and future economic and business conditions. This analysis is updated quarterly and adjusted as necessary. Based on the analysis, the Company has determined that a valuation allowance for deferred tax assets was not required as of March 31, 2017.

The Company adopted ASU 2016-09 , “Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting” during the first quarter of 2017. As a result of the adoption, the Company recorded $73 thousand of income tax benefits for the three months ended March 31, 2017 related to excess tax benefits from stock compensation. Prior to 2017, such excess tax benefits were generally recorded in additional paid-in capital as part of stockholders’ equity. This new accounting standard may potentially increase the volatility in the Company’s effective tax rates in future quarters.

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Fair Value Measurements

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurements

ous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value. The fair value inputs of the instruments are classified and disclosed in one of the following categories pursuant to ASC 820:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The quoted price shall not be adjusted for any blockage factor (i.e., size of the position relative to trading volume).

Level 2 - Pricing inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Fair value is determined through the use of models or other valuation methodologies, including the use of pricing matrices. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 - Pricing inputs are unobservable for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The inputs into the determination of fair value require significant management judgment or estimation.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

The Company uses the following methods and assumptions in estimating fair value disclosures for financial instruments. Financial assets and liabilities recorded at fair value on a recurring and non-recurring basis are listed as follows:

Securities Available for Sale

The fair values of securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).

The fair values of the Company’s Level 3 securities available for sale were measured using an income approach valuation technique. The primary inputs and assumptions used in the fair value measurement were derived from the securities’ underlying collateral, which included discount rates, prepayment speeds, payment delays, and an assessment of the risk of default of the underlying collateral, among other factors. Significant increases or decreases in any of the inputs or assumptions would result in a significant increase or decrease in the fair value measurement.

Interest Rate Swaps

The Company offers interest rate swaps to certain loan customers to allow them to hedge the risk of rising interest rates on their variable rate loans. The Company originates a variable rate loan and enters into a variable-to-fixed interest rate swap with the customer. The Company also enters into an offsetting swap with a correspondent bank. These back-to-back agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. The fair value of these derivatives is based on a discounted cash flow approach. Due to the observable nature of the inputs used in deriving the fair value of these derivative contracts, the valuation of interest rate swaps is classified as Level 2.

Impaired Loans

The fair values of impaired loans are generally measured for impairment using the practical expedients permitted by FASB ASC 310-10-35 including impaired loans measured at an observable market price (if available), or at the fair value of the loan’s collateral (if the loan is collateral dependent). Fair value of the loan’s collateral, when the loan is dependent on collateral, is determined by appraisals or independent valuation, less costs to sell of 8.5%. For commercial and industrial and asset backed loans, independent valuations may be comprised of a 20-60% discount for eligible accounts receivable and a 50-70% discount for inventory. These result in a Level 3 classification.

OREO

OREO is fair valued at the time the loan is foreclosed upon and the asset is transferred to OREO. The value is based primarily on third party appraisals, less costs to sell of 8.5% and result in a Level 3 classification of the inputs for determining fair value. OREO is reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted to lower of cost or market accordingly, based on the same factors identified above.

Loans held for sale

Loans held for sale are carried at the lower of cost or fair value, as determined by outstanding commitments from investors, or based on recent comparable sales (Level 2 inputs), if available, and if not available, are based on discounted cash flows using current market rates applied to the estimated life and credit risk (Level 3 inputs) or may be assessed based upon the fair value of the collateral, which is obtained from recent real estate appraisals (Level 3 inputs). These appraisals may utilize a single valuation approach or a combination of approaches including the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in Level 3 classification of the inputs for determining fair value.

Mortgage banking derivatives

Mortgage banking derivative instruments consist of interest rate lock commitments and forward sale contracts that trade in liquid markets. The fair value is based on the prices available from third party investors. Due to the observable nature of the inputs used in deriving the fair value, the valuation of mortgage banking derivatives are classified as Level 2.

Assets and liabilities measured at fair value on a recurring basis are summarized below:

				Fair Value Measurements at the End of the Reporting Period Using
	March 31, 2017			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	9,998		$	—	$	9,998		$	—
GSE collateralized mortgage obligations (residential)	726,619			—		726,619			—
GSE mortgage-backed securities (residential)	732,692			—		732,692			—
Corporate securities	4,313			—		4,313			—
Municipal securities	97,254			—		96,126			1,128
Mutual funds	13,070			13,070		—			—
Interest rate swaps	(1,623		)	—		(1,623		)	—
Mortgage banking derivatives	113			—		113			—
Liabilities:
Interest rate swaps	(1,623		)	—		(1,623		)	—
Mortgage banking derivatives	40			—		40			—

				Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	12,008		$	—	$	12,008		$	—
GSE collateralized mortgage obligations (residential)	705,667			—		705,667			—
GSE mortgage-backed securities (residential)	728,041			—		728,041			—
Corporate securities	11,127			—		11,127			—
Municipal securities	86,839			—		85,700			1,139
Mutual funds	13,058			13,058		—			—
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	147			—		147			—
Liabilities:
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	41			—		41			—

There were no transfers between Level 1, 2 and 3 during the three months ended March 31, 2017 and 2016. There were no gains or losses recognized in earnings during the three months ended March 31, 2017 and 2016.

The following table reflects the notional amount and fair value of mortgage banking derivatives for the date indicated:

	As of March 31, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	6,801	$	113		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	626	$	—		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	—	$	—		$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	6,175	$	(40	)	$	9,755	$	(38	)

The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2017:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Beginning Balance, January 1	$	1,139		$	1,166
Total (losses) or gains included in other comprehensive income	(11		)	43
Ending Balance, March 31	$	1,128		$	1,209

The Company measures certain assets at fair value on a non-recurring basis including impaired loans (excluding PCI loans), loans held for sale, and OREO.  These fair value adjustments result from impairments recognized during the period, application of the lower of cost or fair value on loans held for sale, the application of fair value less cost to sell on OREO.

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements at the End of the Reporting Period Using
	March 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	65,125	$	—	$	—	$	65,125
Commercial business	9,407		—		—		9,407
Trade finance	4,365		—		—		4,365
Consumer	97		—		—		97
Loans held for sale, net	6,571		—		6,571		—
OREO	19,096		—		—		19,096

			Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	58,882	$	—	$	—	$	58,882
Commercial business	6,563		—		—		6,563
Trade Finance	—		—		—		—
Consumer	253		—		—		253
Impaired loans held for sale, net	3,788		—		3,788		—
OREO	21,990		—		—		21,990

For assets measured at fair value on a non-recurring basis, the total net gains (losses), which include charge offs, recoveries, specific reserves, and recognized gains and losses on sales are summarized below:

	For the Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	(2,002	)	$	309
Commercial business	(974		)	(2,672		)
Trade Finance	(712		)	1,296
Consumer	(266		)	(62		)
Impaired loans held for sale, net	420			15
OREO	(595		)	(577		)

Fair Value of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at March 31, 2017 and December 31, 2016 were as follows:

	March 31, 2017
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	461,068	$	461,068	Level 1
Interest bearing deposits in other financial institutions and   other investments	43,958		43,630		Level 2/3
Loans held for sale	19,141		20,291		Level 2
Loans receivable—net	10,471,008		10,633,834		Level 3
FHLB stock	21,203		N/A		N/A
Accrued interest receivable	25,683		25,683		Level 2/3
Customers’ liabilities on acceptances	2,771		2,771		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,963,947	$	2,963,947	Level 2
Saving and other interest bearing demand deposits	3,771,155		3,771,155		Level 2
Time deposits	3,968,675		3,963,545		Level 2
FHLB advances	703,850		698,287		Level 2
Subordinated debentures	100,067		100,067		Level 2
Accrued interest payable	10,592		10,592		Level 2
Servicing Assets	25,941		25,941		Level 3
Acceptances outstanding	2,771		2,771		Level 2
	December 31, 2016
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	437,334	$	437,334	Level 1
Interest bearing deposits in other financial institutions and   other investments	44,202		43,773		Level 2/3
Loans held for sale	22,785		24,492		Level 2
Loans receivable—net	10,463,989		10,666,642		Level 3
FHLB stock	21,964		N/A		N/A
Accrued interest receivable	26,880		26,880		Level 2/3
Customers’ liabilities on acceptances	2,899		2,899		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,900,241	$	2,900,241	Level 2
Saving and other interest bearing demand deposits	3,703,352		3,703,352		Level 2
Time deposits	4,038,442		4,036,664		Level 2
FHLB advances	754,290		749,486		Level 2
Subordinated debentures	99,808		99,808		Level 2
Accrued interest payable	10,863		10,863		Level 2
Servicing Assets	26,457		26,457		Level 3
Acceptances outstanding	2,899		2,899		Level 2

The methods and assumptions used to estimate fair value are described as follows:

The carrying amount is the estimated fair value for cash and cash equivalents, savings and other interest bearing demand deposits, customer’s and Bank’s liabilities on acceptances, noninterest bearing deposits, short-term debt, secured borrowings and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans or deposits and for variable rate loans or deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. The allowance for loan losses is considered to be a reasonable estimate of discount for credit quality concerns. Fair value of SBA loans held for sale is based on market quotes. For fair value of non-SBA loans held for sale, see the measurement method discussed previously. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates, prepayment speeds, and delinquency rate assumptions as inputs. Fair value of time deposits and debt is based on current rates for similar financing. It was not practicable to determine the fair value of FRB stock or FHLB stock due to restrictions placed on their transferability. The fair value of commitments to fund loans represents fees currently charged to enter into similar agreements with similar remaining maturities and is not presented herein. The fair value of these financial instruments is not material to the consolidated financial statements.

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Stockholders' Equity

3 Months Ended

Mar. 31, 2017

Stockholders’ Equity and Regulatory Matters [Abstract]

Stockholders’ Equity

The following table presents the quarterly changes to accumulated other comprehensive (loss) income for the three months ended March 31, 2017 and March 31, 2016:

	Three months ended,
	March 31, 2017			March 31, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(14,657	)	$	(1,832	)
Unrealized gains on securities available for sale and interest only strips	3,132			15,592
Tax effect	1,324			6,605
Total other comprehensive income	1,808			8,987
Balance at end of period	$	(12,849	)	$	7,155

For the three months ended March 31, 2017 and March 31, 2016 there were no reclassifications out of accumulated other comprehensive (loss) income.

eholders received 0.7034 shares of the Company’s common stock for each share of Wilshire stock owned. Based on this exchange ratio, 55.5 million shares of the Company’s common stock were issued to Wilshire shareholders at $15.37 per share, the closing price of the Company’s stock on July 29, 2016. As a result, $852.9 million in common stock was issued as consideration in the transaction and $3.4 million in additional paid-in capital was recorded to account for the fair value of stock options assumed. Total stockholders’ equity at March 31, 2017 was $1.88 billion, compared to $1.86 billion at December 31, 2016.

The Company assumed certain warrants (related to the TARP Capital Purchase Plan) to purchase shares of the Company’s common stock. On May 20, 2015, the U.S. Treasury Department completed an auction to sell certain of its warrant positions, and the Company submitted the winning bid to repurchase an outstanding warrant to purchase 350,767 shares of the Company’s common stock. The Company repurchased this warrant for $1.2 million. As of March 31, 2017, the U.S. Treasury Department held one remaining warrant for the purchase of 19,963 shares of the Company’s common stock.

The Company paid a quarterly dividend of $0.12 per common share for the first quarter of 2017 compared to $0.11 per common share for the first quarter of 2016.

The following table presents the quarterly changes to accumulated other comprehensive (loss) income for the three months ended March 31, 2017 and March 31, 2016:

	Three months ended,
	March 31, 2017			March 31, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(14,657	)	$	(1,832	)
Unrealized gains on securities available for sale and interest only strips	3,132			15,592
Tax effect	1,324			6,605
Total other comprehensive income	1,808			8,987
Balance at end of period	$	(12,849	)	$	7,155

For the three months ended March 31, 2017 and March 31, 2016 there were no reclassifications out of accumulated other comprehensive (loss) income.

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Regulatory Matters

3 Months Ended

Mar. 31, 2017

Banking and Thrift [Abstract]

Regulatory Matters

Regulatory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material and adverse effect on the Company’s and the Bank’s business, financial condition and results of operation, such as restrictions on growth or the payment of dividends or other capital distributions or management fees. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

In July, 2013, the federal bank regulatory agencies adopted final regulations, which revised their risk-based and leverage capital requirements for banking organizations to meet requirements of Dodd-Frank and to implement Basel III international agreements reached by the Basel Committee. The final rules began for the Company and the Bank on January 1, 2015 and are subject to a phase-in period through January 1, 2019. The final rules that had an impact on the Company and the Bank include:

• An increase in the minimum Tier 1 capital ratio from 4.00% to 6.00% of risk-weighted assets;

• A new category and a required 4.50% of risk-weighted assets ratio is established for “Common Equity Tier 1” as a subset of Tier 1 capital limited to common equity;

• A minimum non-risk-based leverage ratio is set at 4.00%, eliminating a 3.00% exception for higher rated banks;

• Changes in the permitted composition of Tier 1 capital to exclude trust preferred securities, mortgage servicing rights and certain deferred tax assets and include unrealized gains and losses on available for sale debt and equity securities;

• The risk-weights of certain assets for purposes of calculating the risk-based capital ratios are changed for high volatility commercial real estate acquisition, development and construction loans, certain past due non-residential mortgage loans and certain mortgage-backed and other securities exposures; and

• A new additional capital conservation buffer of 2.5% of risk weighted assets over each of the required capital ratios is being phased in from 2016 to 2019 and must be met to avoid limitations on the ability of the Bank to pay dividends, repurchase shares, or pay discretionary bonuses. The capital conservation buffer for the Company was initially 0.625% in 2016, and increases 0.625% annually until 2019. As ofMarch 31, 2017, the capital conservation buffer for the Company stood at 1.25%.

As of March 31, 2017, the ratios for the Company and the Bank are sufficient to meet the fully phased-in conservation buffer.

As of March 31, 2017 and December 31, 2016, the most recent regulatory notification categorized the Bank as “well-capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well-capitalized”, the Bank must maintain minimum total risk-based, Tier I risk-based, common equity Tier 1, and Tier I leverage ratios as set forth in the following table. There are no conditions or events since the notification from regulators that management believes has changed the institution’s category. As of March 31, 2017 and December 31, 2016, the Company and Bank met all capital adequacy requirements to which they are subject to.

The Company’s and the Bank’s capital amounts and ratios are presented in the table below:

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of March 31, 2017
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,413,592	12.22	%	$	520,711	4.50	%	$	665,353	5.75	%	N/A		N/A
Bank	$	1,489,239	12.88	%	$	520,425	4.50	%	$	664,987	5.75	%	$	751,724	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,591,852	13.76	%	$	925,708	8.00	%	$	1,070,350	9.25	%	N/A		N/A
Bank	$	1,571,333	13.59	%	$	925,199	8.00	%	$	1,069,762	9.25	%	$	1,156,499	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,509,758	13.05	%	$	694,281	6.00	%	$	838,923	7.25	%	N/A		N/A
Bank	$	1,489,239	12.88	%	$	693,899	6.00	%	$	838,462	7.25	%	$	925,199	8.00	%
Tier I capital (to average assets):
Company	$	1,509,758	11.72	%	$	515,352	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,489,239	11.56	%	$	515,212	4.00	%	N/A		N/A		$	644,014	5.00	%

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of December 31, 2016
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,400,246	12.10	%	$	520,917	4.50	%	$	593,267	5.13	%	N/A		N/A
Bank	$	1,475,228	12.75	%	$	520,631	4.50	%	$	592,941	5.13	%	$	752,022	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,578,690	13.64	%	$	926,076	8.00	%	$	998,425	8.63	%	N/A		N/A
Bank	$	1,557,765	13.46	%	$	925,566	8.00	%	$	997,876	8.63	%	$	1,156,957	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,496,153	12.92	%	$	694,557	6.00	%	$	766,906	6.63	%	N/A		N/A
Bank	$	1,475,228	12.75	%	$	694,174	6.00	%	$	766,484	6.63	%	$	925,566	8.00	%
Tier I capital (to average assets):
Company	$	1,496,153	11.49	%	$	520,947	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,475,228	11.33	%	$	520,903	4.00	%	N/A		N/A		$	651,129	5.00	%

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Basis of Presentation Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2017

Basis Of Presentation [Abstract]

Consolidation

The consolidated financial statements include the accounts of Hope Bancorp and its wholly owned subsidiaries, principally Bank of Hope. All intercompany transactions and balances have been eliminated in consolidation. The Company has made all adjustments, that in the opinion of management, are necessary to fairly present the Company’s financial position at March 31, 2017 and December 31, 2016 and the results of operations for the three months ended March 31, 2017 and 2016. Certain reclassifications have been made to prior period amounts to conform to the current year presentation. The results of operations for the interim periods are not necessarily indicative of results to be anticipated for the full year.

Use of estimates

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

Recent Accounting Pronouncements

Recent Accounting Pronouncements:

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. ASU 2014-09 is based on the principle that revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. ASU 2014-09 as amended by ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, is effective for interim and annual periods beginning after December 15, 2017 and is applied on either a modified retrospective or full retrospective basis. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company’s revenue primarily consists of net interest income and noninterest income. The scope of the guidance explicitly excludes net interest income, as well as other revenues from financial instruments such as loans, leases, securities and derivatives. Certain noninterest income revenue items such as service charges on deposits accounts, gain/loss on other real estate owned sales, and other income items may be in the scope of ASU 2014-09 and how these revenue streams are recognized may change. The Company is currently in the process of evaluating the impact of ASU 2014-09 on its consolidated financial statements, but does not expect the adoption of ASU 2014-09 to have material impact on its consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. ASU 2016-13 becomes effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. The Company is currently in the process of evaluating the impact of the pending adoption of the new standard on its consolidated financial statements.

In March 2017, the FASB issued ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost & Net Periodic Post-retirement Benefit Cost”. ASU 2017-07 was issued to to improve the presentation of net periodic pension costs and net periodic post-retirement benefit cost and requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. ASU 2017-07 also allow only the service cost component to be eligible for capitalization when applicable (e.g., as a cost of internally manufactured inventory or a self-constructed asset). ASU 2017-07 is effective for annual period beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is currently in the process of evaluating the impact of ASU 2017-07 on its consolidated financial statements, but does not expect the adoption of ASU 2017-07 to have material impact on it consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. ASU 2017-08 was issued to amend the amortization period for certain callable debt securities held at a premium. ASU 2017-08 shortens the amortization period of premiums on certain purchased callable debt securities to the earliest call date. ASU 2017-08 affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). ASU 2017-08 does not impact securities purchased at a discount, which continue to be amortized to maturity. ASU 2017-08 is effective for annual period beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted in an interim period. If an entity chooses to adopt early, any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The adoption of ASU 2017-08 is not expected to have a material impact on the Company’s consolidated financial statements.

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification”. ASU 2017-09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017-09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017-09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Company is currently in the process of evaluating the impact of ASU 2017-09 on its consolidated financial statements, but does not expect the adoption of ASU 2017-09 to have material impact on it consolidated financial statements.

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Mergers and Acquisitions (Tables)

3 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

Consideration Paid, Assets Acquired and Liabilities Assumed

The consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:

	(Dollars in thousands)
Consideration Paid:
Hope common stock issued in exchange for Wilshire common stock	$	852,939
Cash paid for fractional shares	3
Hope stock options issued in exchange Wilshire stock options	3,370
Total consideration paid	$	856,312
Assets Acquired:
Cash and cash equivalents	$	100,127
Investment securities available for sale	478,938
Loans receivable	3,800,807
FRB and FHLB stock	16,539
OREO	13,173
Premises and equipment	16,812
Bank owned life insurance	25,240
Servicing assets	16,203
Low income housing tax credit investments	47,111
Core deposit intangibles	18,138
Deferred tax assets, net	18,174
Other assets	76,818
Liabilities Assumed:
Deposits	(3,812,367		)
Borrowings	(206,282		)
Subordinated debentures	(56,942		)
Other liabilities	(54,751		)
Total identifiable net assets	$	497,738
Excess of consideration paid over fair value of net assets acquired (goodwill)	$	358,574

Acquisition Related Expenses

The following table presents acquisition-related expenses associated with the merger with Wilshire, the pending acquisition of U & I, and other previous acquisitions which were reflected in the Consolidated Statements of Income in merger and integration expense. These expenses are comprised primarily of salaries and employee benefits, professional fees, and other noninterest expense related to acquisitions.

	Three Months Ended March 31,
	2017		2016
	(Dollars in thousands)
Wilshire	$	401	$	1,183
U & I	522		—
Other	24		24
Total merger and integration expenses	$	947	$	1,207

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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Activity Under the Plan

The following is a summary of stock option activity under the 2007 Plan and 2016 Plan for the three months ended March 31,2017:

	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (Dollars in thousands)
Outstanding - January 1, 2017	1,624,227		$	15.30
Granted	—		—
Exercised	(21,307	)	11.07
Expired	(1,530	)	15.34
Forfeited	—		—
Outstanding - March 31, 2017	1,601,390		$	15.36	6.40	$	6,861
Options exercisable - March 31, 2017	866,548		$	14.02	4.13	$	5,218

Summary of Restricted and Performance Unit Activity Under the Plan

The following is a summary of restricted stock and performance unit activity under the 2007 Plan and 2016 Plan for the three months ended March 31,2017:

	Number of Shares		Weighted- Average Grant Date Fair Value
Outstanding - January 1, 2017	403,658		$	16.17
Granted	—		—
Vested	(36,407	)	15.31
Forfeited	(3,372	)	14.75
Outstanding - March 31, 2017	363,879		$	16.27

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computation of basic and diluted EPS

The following tables show the computation of basic and diluted EPS for the three months ended March 31, 2017 and 2016.

	Three Months Ended March 31,
	2017					2016
	Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)		Net Income (Numerator)		Weighted-Average Shares (Denominator)	Per Share (Amount)
	(Dollars in thousands, except share and per share data)
Basic EPS - common stock	$	36,210	135,248,018	$	0.27	$	23,623	79,583,188	$	0.30
Effect of dilutive securities:
Stock options and restricted stock			520,627					30,057
Diluted EPS - common stock	$	36,210	135,768,645	$	0.27	$	23,623	79,613,245	$	0.30

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Securities Available for Sale (Tables)

3 Months Ended

Mar. 31, 2017

Available-for-sale Securities [Abstract]

Summary of Securities Available for Sale

The following is a summary of securities available for sale as of the dates indicated:

	At March 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	10,002	$	—	$	(4	)	$	9,998
Collateralized mortgage obligations (residential)	736,000		406		(9,787		)	726,619
Mortgage-backed securities (residential)	744,654		1,252		(13,214		)	732,692
Corporate securities	4,564		—		(251		)	4,313
Municipal securities	97,689		609		(1,044		)	97,254
Total debt securities	1,592,909		2,267		(24,300		)	1,570,876
Mutual funds	13,425		18		(373		)	13,070
Total investment securities available for sale	$	1,606,334	$	2,285	$	(24,673	)	$	1,583,946
	At December 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Dollars in thousands)
Debt securities:
U.S. Government agency and U.S. Government sponsored enterprises
Debt securities	$	12,005	$	3	$	—		$	12,008
Collateralized mortgage obligations (residential)	715,981		349		(10,663		)	705,667
Mortgage-backed securities (residential)	741,304		1,132		(14,395		)	728,041
Corporate securities	11,576		—		(449		)	11,127
Municipal securities	88,018		358		(1,537		)	86,839
Total debt securities	1,568,884		1,842		(27,044		)	1,543,682
Mutual funds	13,425		—		(367		)	13,058
Total investment securities available for sale	$	1,582,309	$	1,842	$	(27,411	)	$	1,556,740

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of investment securities at March 31, 2017, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	Amortized Cost		Estimated Fair Value
	(Dollars in thousands)
Available for sale:
Due within one year	$	10,724	$	10,725
Due after one year through five years	7,472		7,630
Due after five years through ten years	40,905		40,891
Due after ten years	53,154		52,319
U.S. Government agency and U.S. Government sponsored enterprises
Collateralized mortgage obligations (residential)	736,000		726,619
Mortgage-backed securities (residential)	744,654		732,692
Mutual funds	13,425		13,070
Total	$	1,606,334	$	1,583,946

Schedule of Unrealized Loss on Investments

The following tables show our investments’ gross unrealized losses and estimated fair value, aggregated by investment category and the length of time that the individual securities have been in a continuous unrealized loss position as of the dates indicated.

	As of March 31, 2017
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Debt securities*	3	$	9,998	$	(4	)	—	$	—	$	—		3	$	9,998	$	(4	)
Collateralized mortgage obligations (residential)*	67	624,327		(8,668		)	4	34,843		(1,119		)	71	659,170		(9,787		)
Mortgage-backed securities (residential)*	59	606,378		(13,214		)	—	—		—			59	606,378		(13,214		)
Corporate securities	—	—		—			1	4,313		(251		)	1	4,313		(251		)
Municipal securities	54	50,447		(1,018		)	1	509		(26		)	55	50,956		(1,044		)
Mutual funds	3	11,590		(373		)	—	—		—			3	11,590		(373		)
Total	186	$	1,302,740	$	(23,277	)	6	$	39,665	$	(1,396	)	192	$	1,342,405	$	(24,673	)

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* Investments in U.S. Government agency and U.S. Government sponsored enterprises

	As of December 31, 2016
	Less than 12 months						12 months or longer						Total
Description of Securities	Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses			Number of Securities	Fair  Value		Gross Unrealized Losses
	(Dollars in thousands)
Collateralized mortgage obligations (residential)*	66	$	615,803	$	(9,459	)	4	$	36,333	$	(1,204	)	70	$	652,136	$	(10,663	)
Mortgage-backed securities (residential)*	57	622,797		(14,395		)	—	—		—			57	622,797		(14,395		)
Corporate securities	1	7,014		(2		)	1	4,113		(447		)	2	11,127		(449		)
Municipal securities	95	69,331		(1,537		)	—	—		—			95	69,331		(1,537		)
Mutual funds	3	13,058		(367		)	—	—		—			3	13,058		(367		)
Total	222	$	1,328,003	$	(25,760	)	5	$	40,446	$	(1,651	)	227	$	1,368,449	$	(27,411	)

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* Investments in U.S. Government agency and U.S. Government sponsored enterprises

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Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Summary of Loans Receivable by Major Category

The following is a summary of loans receivable by major category:

	March 31, 2017			December 31, 2016
	(Dollars in thousands)
Loan portfolio composition
Real estate loans:
Residential	$	58,166		$	57,884
Commercial	7,948,844			7,842,573
Construction	284,178			254,113
Total real estate loans	8,291,188			8,154,570
Commercial business	1,696,895			1,832,021
Trade finance	143,298			154,928
Consumer and other	420,169			403,470
Total loans outstanding	10,551,550			10,544,989
Deferred loan fees, net	(1,883		)	(1,657		)
Loans receivable	10,549,667			10,543,332
Allowance for loan losses	(78,659		)	(79,343		)
Loans receivable, net of allowance for loan losses	$	10,471,008		$	10,463,989

Loans and Leases Acquired, Accretable Yield Movement Schedule

The following table presents changes in the accretable discount on the PCI loans for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	38,591		$	23,777
Accretion	(5,348		)	(3,029		)
Reclassification from nonaccretable difference	18,408			1,349
Balance at end of period	$	51,651		$	22,097

Allowance for Loan Losses by Portfolio Segment

The following tables detail the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2017 and 2016:

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended March 31, 2017
Balance, beginning of period	$	38,956		$	23,430		$	1,897		$	2,116		$	12,791		$	117		$	—	$	36		$	79,343
Provision (credit) for loan losses	6,106			(2,884		)	303			184			975			748			187		(19		)	5,600
Loans charged off	(1,154		)	(3,190		)	(1,576		)	(279		)	(336		)	(70		)	—		—			(6,605		)
Recoveries	21			123			—			1			25			149			—		2			321
Balance, end of period	$	43,929		$	17,479		$	624		$	2,022		$	13,455		$	944		$	187	$	19		$	78,659

	Legacy Loans												Acquired Loans											Total
	Real Estate			Commercial Business			Trade Finance			Consumer and Other			Real Estate			Commercial Business			Trade Finance		Consumer and Other
	(Dollars in thousands)
Three Months Ended March 31, 2016
Balance, beginning of period	$	42,829		$	16,332		$	3,592		$	556		$	12,823		$	214		$	—	$	62		$	76,408
Provision (credit) for loan losses	(1,218		)	3,147			(1,507		)	276			(82		)	(112		)	—		(4		)	500
Loans charged off	(19		)	(621		)	—			(65		)	(116		)	—			—		—			(821		)
Recoveries	523			190			—			1			1			52			—		2			769
Balance, end of period	$	42,115		$	19,048		$	2,085		$	768		$	12,626		$	154		$	—	$	60		$	76,856

The following tables break out the allowance for loan losses and the recorded investment of loans outstanding by individually impaired, general valuation, and PCI impairment, by portfolio segment, at March 31, 2017 and December 31, 2016:

	March 31, 2017
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	2,530	$	2,357	$	—	$	40	$	30	$	122	$	—	$	—	$	5,079
Collectively evaluated for impairment	41,399		15,122		624		1,982		1,289		822		187		19		61,444
PCI loans	—		—		—		—		12,136		—		—		—		12,136
Total	$	43,929	$	17,479	$	624	$	2,022	$	13,455	$	944	$	187	$	19	$	78,659
Loans outstanding:
Individually evaluated for impairment	$	75,377	$	28,421	$	4,450	$	715	$	19,325	$	1,019	$	—	$	272	$	129,579
Collectively evaluated for impairment	5,474,703		1,065,952		59,131		206,933		2,538,765		541,586		76,541		198,095		10,161,706
PCI loans	—		—		—		—		183,018		59,917		3,176		14,154		260,265
Total	$	5,550,080	$	1,094,373	$	63,581	$	207,648	$	2,741,108	$	602,522	$	79,717	$	212,521	$	10,551,550

	December 31, 2016
	Legacy Loans								Acquired Loans								Total
	Real Estate		Commercial Business		Trade Finance		Consumer and Other		Real Estate		Commercial Business		Trade Finance		Consumer and Other
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment	$	1,889	$	4,420	$	864	$	50	$	113	$	73	$	—	$	—	$	7,409
Collectively evaluated for impairment	37,067		19,010		1,033		2,066		548		44		—		36		59,804
PCI loans	—		—		—		—		12,130		—		—		—		12,130
Total	$	38,956	$	23,430	$	1,897	$	2,116	$	12,791	$	117	$	—	$	36	$	79,343
Loans outstanding:
Individually evaluated for impairment	$	74,085	$	34,783	$	6,029	$	733	$	23,865	$	435	$	—	$	431	$	140,361
Collectively evaluated for impairment	5,271,262		1,079,348		75,365		179,961		2,597,200		650,710		70,535		206,802		10,131,183
PCI loans	—		—		—		—		188,158		66,745		2,999		15,543		273,445
Total	$	5,345,347	$	1,114,131	$	81,394	$	180,694	$	2,809,223	$	717,890	$	73,534	$	222,776	$	10,544,989

Impaired Financing Receivables

The recorded investment of individually impaired loans was as follows:

	March 31, 2017			December 31, 2016
	(Dollars in thousands)
With allocated specific allowance
Without charge off	$	51,944		$	59,638
With charge off	196			1,120
With no allocated specific allowance
Without charge off	70,466			76,775
With charge off	6,973			2,828
Specific allowance on impaired loans	(5,079		)	(7,409		)
Impaired loans, net of specific allowance	$	124,500		$	132,952

The following tables detail the recorded investment of impaired loans (Legacy Loans and Acquired Loans that became impaired subsequent to being originated and acquired, respectfully) as of March 31, 2017 and December 31, 2016 and for the three months ended March 31, 2017 and 2016. Loans with no related allowance are believed by management to be adequately collateralized.

	As of March 31, 2017						As of December 31, 2016
Total Impaired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	581		581		9		2,095		2,384		90
Hotel & motel	6,395		6,433		403		6,387		6,387		337
Gas station & car wash	—		—		—		215		228		41
Mixed use	250		2,101		3		206		732		27
Industrial & warehouse	2,882		2,882		2		530		530		—
Other	22,412		22,657		2,143		22,580		22,825		1,507
Real estate—construction	—		—		—		—		—		—
Commercial business	19,538		19,698		2,479		26,543		27,161		4,493
Trade finance	—		—		—		2,111		2,156		864
Consumer and other	82		82		40		91		91		50
Subtotal	$	52,140	$	54,434	$	5,079	$	60,758	$	62,494	$	7,409
With no related allowance:
Real estate—residential	$	1,465	$	1,465	$	—	$	3,562	$	3,562	$	—
Real estate—commercial
Retail	16,752		17,724		—		12,753		13,290		—
Hotel & motel	6,273		12,221		—		6,122		11,735		—
Gas station & car wash	4,160		6,634		—		5,043		7,449		—
Mixed use	6,530		7,614		—		7,303		7,822		—
Industrial & warehouse	8,498		8,574		—		9,673		9,748		—
Other	15,648		16,911		—		20,181		21,492		—
Real estate—construction	2,856		2,996		—		1,300		1,441		—
Commercial business	9,902		13,509		—		8,675		9,472		—
Trade finance	4,450		4,450		—		3,918		3,918		—
Consumer and other	905		923		—		1,073		1,136		—
Subtotal	$	77,439	$	93,021	$	—	$	79,603	$	91,065	$	—
Total	$	129,579	$	147,455	$	5,079	$	140,361	$	153,559	$	7,409

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* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	For the Three Months Ended March 31, 2017				For the Three Months Ended March 31, 2016
Total Impaired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,338		4		1,712		—
Hotel & motel	6,391		43		4,611		57
Gas station & car wash	108		—		1,050		—
Mixed use	228		2		563		2
Industrial & warehouse	1,706		32		560		6
Other	22,496		253		24,462		275
Real estate—construction	—		—		—		—
Commercial business	23,041		195		35,742		265
Trade finance	1,055		—		10,314		94
Consumer and other	87		1		128		1
Subtotal	$	56,450	$	530	$	79,142	$	700
With no related allowance:
Real estate—residential	$	2,513	$	28	$	—	$	—
Real estate—commercial
Retail	14,752		159		11,105		100
Hotel & motel	6,198		7		7,849		22
Gas station & car wash	4,602		10		4,665		34
Mixed use	6,916		63		2,364		12
Industrial & warehouse	9,086		75		9,888		85
Other	17,915		130		12,712		90
Real estate—construction	2,078		20		1,355		—
Commercial business	9,289		30		8,950		41
Trade finance	4,184		51		—		—
Consumer and other	989		7		1,228		7
Subtotal	$	78,522	$	580	$	60,116	$	391
Total	$	134,972	$	1,110	$	139,258	$	1,091

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	As of March 31, 2017						As of December 31, 2016
Impaired Acquired Loans	Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance		Recorded Investment*		Unpaid Contractual Principal Balance		Related Allowance
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	311		311		—		1,826		2,114		85
Hotel & motel	92		89		2		—		—		—
Gas station & car wash	—		—		—		—		—		—
Mixed use	250		2,101		3		136		136		2
Industrial & warehouse	—		—		—		—		—		—
Other	333		337		25		337		341		26
Real estate—construction	—		—		—		—		—		—
Commercial business	774		828		122		294		339		73
Trade finance	—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—
Subtotal	$	1,760	$	3,666	$	152	$	2,593	$	2,930	$	186
With no related allowance:
Real estate—residential	$	—	$	—	$	—	$	679	$	679	$	—
Real estate—commercial
Retail	4,351		4,831		—		3,148		3,214		—
Hotel & motel	4,840		7,352		—		4,767		7,171		—
Gas station & car wash	618		804		—		1,568		1,815		—
Mixed use	5,283		5,510		—		5,315		5,551		—
Industrial & warehouse	65		65		—		66		66		—
Other	3,182		3,853		—		6,023		6,752		—
Real estate—construction	—		—		—		—		—		—
Commercial business	245		313		—		141		386		—
Trade finance	—		—		—		—		—		—
Consumer and other	272		281		—		431		484		—
Subtotal	$	18,856	$	23,009	$	—	$	22,138	$	26,118	$	—
Total	$	20,616	$	26,675	$	152	$	24,731	$	29,048	$	186

__________________________________

* Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

	For the Three Months Ended March 31, 2017				For the Three Months Ended March 31, 2016
Impaired Acquired Loans	Average Recorded Investment*		Interest Income Recognized during Impairment		Average Recorded Investment*		Interest Income Recognized during Impairment
	(Dollars in thousands)
With related allowance:
Real estate—residential	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,068		4		1,169		—
Hotel & motel	46		—		—		—
Gas station & car wash	—		—		509		—
Mixed use	193		2		493		2
Industrial & warehouse	—		—		—		—
Other	335		4		305		4
Real estate—construction	—		—		—		—
Commercial business	534		5		576		3
Trade finance	—		—		—		—
Consumer and other	—		—		—		—
Subtotal	$	2,176	$	15	$	3,052	$	9
With no related allowance:
Real estate—residential	$	339	$	—	$	—	$	—
Real estate—commercial
Retail	3,750		31		2,571		26
Hotel & motel	4,803		4		6,882		17
Gas station & car wash	1,093		10		1,392		25
Mixed use	5,299		63		273		3
Industrial & warehouse	66		1		1,111		2
Other	4,603		13		3,826		14
Real estate—construction	—		—		—		—
Commercial business	193		1		672		8
Trade finance	—		—		—		—
Consumer and other	351		2		557		2
Subtotal	$	20,497	$	125	$	17,284	$	97
Total	$	22,673	$	140	$	20,336	$	106

Aging of Past Due Loans

The following tables present the recorded investment of past due loans by the number of days past due as of March 31, 2017 and December 31, 2016 by class of loans:

	As of March 31, 2017
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total		Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	938		—		—		938		2,657		3,595
Hotel & motel	3,341		1,187		—		4,528		4,216		8,744
Gas station & car wash	947		—		—		947		3,542		4,489
Mixed use	—		—		—		—		1,247		1,247
Industrial & warehouse	57		1,028		—		1,085		1,922		3,007
Other	4,046		1,031		—		5,077		3,114		8,191
Real estate—construction	—		—		—		—		1,300		1,300
Commercial business	640		666		—		1,306		9,155		10,461
Trade finance	—		—		—		—		528		528
Consumer and other	229		66		275		570		228		798
Subtotal	$	10,198	$	3,978	$	275	$	14,451	$	27,909	$	42,360
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	1,156		653		—		1,809		1,578		3,387
Hotel & motel	1,546		—		—		1,546		4,668		6,214
Gas station & car wash	—		—		—		—		47		47
Mixed use	—		354		—		354		162		516
Industrial & warehouse	1,406		—		—		1,406		—		1,406
Other	97		—		—		97		2,096		2,193
Real estate—construction	—		—		—		—		—		—
Commercial business	360		—		—		360		435		795
Trade finance	—		—		—		—		—		—
Consumer and other	684		—		—		684		114		798
Subtotal	$	5,249	$	1,007	$	—	$	6,256	$	9,100	$	15,356
TOTAL	$	15,447	$	4,985	$	275	$	20,707	$	37,009	$	57,716

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.2 million. Includes nonaccrual loans less than 30 days past due totaling $15.6 million.

	As of December 31, 2016
	Past Due and Accruing
	30-59 Days		60-89  Days		90 or More Days		Total		Nonaccrual Loans (2)		Total Delinquent and Nonaccrual Loans
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	—	$	—	$	—	$	—	$	—	$	—
Real estate—commercial
Retail	480		—		—		480		3,672		4,152
Hotel & motel	1,836		3,137		—		4,973		1,392		6,365
Gas station & car wash	362		—		—		362		3,690		4,052
Mixed use	—		—		—		—		1,305		1,305
Industrial & warehouse	—		697		—		697		1,922		2,619
Other	2,871		—		—		2,871		4,007		6,878
Real estate—construction	—		1,513		—		1,513		1,300		2,813
Commercial business	558		815		—		1,373		9,371		10,744
Trade finance	—		500		—		500		2,056		2,556
Consumer and other	146		58		305		509		229		738
Subtotal	$	6,253	$	6,720	$	305	$	13,278	$	28,944	$	42,222
Acquired Loans: (1)
Real estate—residential	$	—	$	—	$	—	$	—	$	679	$	679
Real estate—commercial
Retail	1,611		—		—		1,611		1,871		3,482
Hotel & motel	95		—		—		95		4,501		4,596
Gas station & car wash	68		340		—		408		993		1,401
Mixed use	—		—		—		—		48		48
Industrial & warehouse	257		—		—		257		—		257
Other	350		—		—		350		2,144		2,494
Real estate—construction	—		—		—		—		—		—
Commercial business	1,303		684		—		1,987		345		2,332
Trade finance	—		—		—		—		—		—
Consumer and other	331		25		—		356		549		905
Subtotal	$	4,015	$	1,049	$	—	$	5,064	$	11,130	$	16,194
TOTAL	$	10,268	$	7,769	$	305	$	18,342	$	40,074	$	58,416

__________________________________

⁽¹⁾  Acquired Loans exclude PCI loans.

⁽²⁾  Nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $15.9 million.

Risk Category of Loans by Class of Loans

The following tables present the recorded investment of risk ratings for Legacy and Acquired Loans as of March 31, 2017 and December 31, 2016 by class of loans:

	As of March 31, 2017
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	36,883	$	219	$	1,465	$	—	$	38,567
Real estate—commercial
Retail	1,373,943		19,057		17,634		—		1,410,634
Hotel & motel	1,171,476		15,238		9,010		—		1,195,724
Gas station & car wash	637,755		10,280		3,542		—		651,577
Mixed use	396,870		957		1,408		—		399,235
Industrial & warehouse	515,640		21,839		14,970		—		552,449
Other	1,050,557		22,967		35,864		—		1,109,388
Real estate—construction	175,895		13,755		2,856		—		192,506
Commercial business	1,000,577		18,973		74,590		233		1,094,373
Trade finance	53,839		4,142		5,600		—		63,581
Consumer and other	206,835		4		809		—		207,648
Subtotal	$	6,620,270	$	127,431	$	167,748	$	233	$	6,915,682
Acquired Loans:
Real estate—residential	$	19,330	$	269	$	—	$	—	$	19,599
Real estate—commercial
Retail	750,436		11,996		17,642		—		780,074
Hotel & motel	316,099		11,955		17,562		—		345,616
Gas station & car wash	243,494		8,918		9,190		—		261,602
Mixed use	117,453		3,578		11,599		8		132,638
Industrial & warehouse	314,060		14,694		16,453		298		345,505
Other	712,484		28,529		23,389		—		764,402
Real estate—construction	91,672		—		—		—		91,672
Commercial business	549,059		17,666		35,700		97		602,522
Trade finance	76,541		17		3,159		—		79,717
Consumer and other	204,689		914		5,270		1,648		212,521
Subtotal	$	3,395,317	$	98,536	$	139,964	$	2,051	$	3,635,868
Total	$	10,015,587	$	225,967	$	307,712	$	2,284	$	10,551,550

	As of December 31, 2016
	Pass		Special Mention		Substandard		Doubtful		Total
	(Dollars in thousands)
Legacy Loans:
Real estate—residential	$	34,283	$	223	$	2,883	$	—	$	37,389
Real estate—commercial
Retail	1,303,452		18,929		15,430		—		1,337,811
Hotel & motel	1,187,709		12,763		9,026		—		1,209,498
Gas station & car wash	643,282		7,259		3,690		—		654,231
Mixed use	375,312		—		1,467		—		376,779
Industrial & warehouse	478,528		29,830		13,745		—		522,103
Other	969,024		22,220		41,017		—		1,032,261
Real estate—construction	159,230		14,745		1,300		—		175,275
Commercial business	1,032,232		15,919		65,885		95		1,114,131
Trade finance	68,051		5,673		7,670		—		81,394
Consumer and other	179,864		1		829		—		180,694
Subtotal	$	6,430,967	$	127,562	$	162,942	$	95	$	6,721,566
Acquired Loans:
Real estate—residential	$	18,007	$	1,809	$	679	$	—	$	20,495
Real estate—commercial
Retail	772,465		9,860		21,110		—		803,435
Hotel & motel	328,396		5,419		18,233		—		352,048
Gas station & car wash	249,379		8,437		11,338		—		269,154
Mixed use	118,643		3,105		12,505		8		134,261
Industrial & warehouse	321,040		31,819		9,048		315		362,222
Other	736,385		23,286		29,099		—		788,770
Real estate—construction	78,838		—		—		—		78,838
Commercial business	649,186		31,340		37,265		99		717,890
Trade finance	70,535		61		2,938		—		73,534
Consumer and other	214,437		958		5,949		1,432		222,776
Subtotal	$	3,557,311	$	116,094	$	148,164	$	1,854	$	3,823,423
Total	$	9,988,278	$	243,656	$	311,106	$	1,949	$	10,544,989

Loans Sold From Loans Held For Investment

	Three Months Ended March 31,
	2017		2016
Transfer of loans receivable to held for sale	(Dollars in thousands)
Real estate - commercial	$	8,699	$	—
Commercial business	752		—
Consumer	—		450
Total	$	9,451	$	450

Allowance for Loan Losses and Impaired Loans, Qualitative and Quantitative Analysis

The following table presents breakdown of loans by impairment method at March 31, 2017 and December 31, 2016:

	As of March 31, 2017
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	1,465		$	90,381		$	2,856		$	29,440		$	4,450		$	987		$	129,579
Specific allowance	$	—		$	2,560		$	—		$	2,479		$	—		$	40		$	5,079
Allowance coverage ratio	N/A			2.83		%	N/A			8.42		%	N/A			4.05		%	3.92		%
Other loans	$	56,701		$	7,858,463		$	281,322		$	1,667,455		$	138,848		$	419,182		$	10,421,971
General allowance	$	287		$	52,827		$	1,710		$	15,944		$	811		$	2,001		$	73,580
Allowance coverage ratio	0.51		%	0.67		%	0.61		%	0.96		%	0.58		%	0.48		%	0.71		%
Total loans	$	58,166		$	7,948,844		$	284,178		$	1,696,895		$	143,298		$	420,169		$	10,551,550
Total allowance for loan losses	$	287		$	55,387		$	1,710		$	18,423		$	811		$	2,041		$	78,659
Allowance coverage ratio	0.49		%	0.70		%	0.60		%	1.09		%	0.57		%	0.49		%	0.75		%

	As of December 31, 2016
	Real Estate - Residential			Real Estate - Commercial			Real Estate - Construction			Commercial Business			Trade Finance			Consumer and Other			Total
	(Dollars in thousands)
Impaired loans (gross carrying value)	$	3,562		$	93,088		$	1,300		$	35,218		$	6,029		$	1,164		$	140,361
Specific allowance	$	—		$	2,002		$	—		$	4,493		$	864		$	50		$	7,409
Allowance coverage ratio	N/A			2.15		%	N/A			12.76		%	14.33		%	4.30		%	5.28		%
Other loans	$	54,322		$	7,749,485		$	252,813		$	1,796,803		$	148,899		$	402,306		$	10,404,628
General allowance	$	209		$	47,915		$	1,621		$	19,054		$	1,033		$	2,102		$	71,934
Allowance coverage ratio	0.38		%	0.62		%	0.64		%	1.06		%	0.69		%	0.52		%	0.69		%
Total loans	$	57,884		$	7,842,573		$	254,113		$	1,832,021		$	154,928		$	403,470		$	10,544,989
Total allowance for loan losses	$	209		$	49,917		$	1,621		$	23,547		$	1,897		$	2,152		$	79,343
Allowance coverage ratio	0.36		%	0.64		%	0.64		%	1.29		%	1.22		%	0.53		%	0.75		%

Troubled Debt Restructurings

The following table presents the recorded investment of loans modified as TDRs during the three months ended March 31, 2017 and March 31, 2016 by class of loans:

	Three Months Ended March 31, 2017					Three Months Ended March 31, 2016
	Number of Loans	Pre- Modification		Post- Modification		Number of Loans	Pre- Modification		Post- Modification
	(Dollars in thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	$	—	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	1	482		482		—	—		—
Real estate - construction	—	—		—		—	—		—
Commercial business	2	1,681		1,218		6	11,088		7,039
Trade finance	—	—		—		1	2,199		1,586
Consumer and other	—	—		—		—	—		—
Subtotal	3	$	2,163	$	1,700	7	$	13,287	$	8,625
Acquired Loans:
Real estate—commercial
Retail	—	$	—	$	—	—	$	—	$	—
Hotel & motel	—	—		—		—	—		—
Gas station & car wash	—	—		—		—	—		—
Mixed use	—	—		—		—	—		—
Industrial & warehouse	—	—		—		—	—		—
Other	1	93		97		—	—		—
Real estate—construction	—	—		—		—	—		—
Commercial business	2	649		561		—	—		—
Trade finance	—	—		—		—	—		—
Consumer and other	—	—		—		1	30		29
Subtotal	3	$	742	$	658	1	$	30	$	29
Total	6	$	2,905	$	2,358	8	$	13,317	$	8,654

A summary of the recorded investment of TDRs on accrual and nonaccrual status by type of concession as of March 31, 2017 and December 31, 2016 is presented below:

	As of March 31, 2017
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,249	$	233	$	—	$	16,482	$	2,503	$	1,270	$	—	$	3,773	$	20,255
Maturity / amortization concession	2,302		17,969		4,499		24,770		1,774		4,789		853		7,416		32,186
Rate concession	6,068		1,579		85		7,732		5,567		365		—		5,932		13,664
Total	$	24,619	$	19,781	$	4,584	$	48,984	$	9,844	$	6,424	$	853	$	17,121	$	66,105

	As of December 31, 2016
	TDRs on Accrual Status								TDRs on Nonaccrual Status								Total
	Real Estate		Commercial Business		Other		Total		Real Estate		Commercial Business		Other		Total
	(Dollars in thousands)
Payment concession	$	16,358	$	29	$	—	$	16,387	$	4,417	$	1,717	$	—	$	6,134	$	22,521
Maturity / amortization concession	1,840		17,471		4,600		23,911		1,313		6,130		2,287		9,730		33,641
Rate concession	6,856		1,665		55		8,576		5,590		387		155		6,132		14,708
Total	$	25,054	$	19,165	$	4,655	$	48,874	$	11,320	$	8,234	$	2,442	$	21,996	$	70,870

Summary of Troubled Debt Restructurings with Subsequent Payment Default

The following table presents loans modified as TDRs within the previous twelve months and have subsequently had a payment default during the three months ended March 31, 2017:

	Three Months Ended March 31, 2017			Three Months Ended March 31, 2016
	Number of Loans	Balance		Number of Loans	Balance
	(Dollars In thousands)
Legacy Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		2	729
Mixed Use	—	—		—	—
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	102		6	2,272
Trade finance	—	—		—	—
Consumer and other	—	—		—	—
Subtotal	1	$	102	8	$	3,001
Acquired Loans:
Real estate—commercial
Retail	—	$	—	—	$	—
Hotel & motel	—	—		—	—
Gas station & car wash	—	—		—	—
Mixed Use	—	—		1	62
Industrial & warehouse	—	—		—	—
Other	—	—		—	—
Real estate—construction	—	—		—	—
Commercial business	1	11		—	—
Trade finance	—	—		—	—
Consumer and other	—	—		—	—
Subtotal	1	$	11	1	$	62
Total	2	$	113	9	$	3,063

Covered Non-performing Assets

The covered nonperforming assets at March 31, 2017 and December 31, 2016 were as follows:

	March 31, 2017		December 31, 2016
	(Dollars in thousands)
Covered loans on nonaccrual status	$	181	$	189
Covered OREO	1,400		2,306
Total covered nonperforming assets	$	1,581	$	2,495
Acquired covered loans	$	32,010	$	32,367

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Borrowings (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Contractual Maturities for FHLB-SF Borrowings

At March 31, 2017, the contractual maturities for FHLB advances were as follows:

	Contractual Maturities		Maturity/ Put Date
	(Dollars in thousands)
Due within one year	$	220,103	$	220,103
Due after one year through five years	483,747		483,747
Total	$	703,850	$	703,850

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Subordinated Debentures (Tables)

3 Months Ended

Mar. 31, 2017

Subordinated Borrowings [Abstract]

Summary of Trust Preferred Securities and Debentures

The following table is a summary of trust preferred securities and Debentures at March 31, 2017:

Issuance Trust	Issuance Date	Trust Preferred Security Amount		Carrying Value of Subordinated Debentures		Rate Type	Current Rate	Maturity Date
		(Dollars in thousands)
Nara Capital Trust III	06/05/2003	$	5,000	$	5,155	Variable	4.28%	06/15/2033
Nara Statutory Trust IV	12/22/2003	5,000		5,155		Variable	3.87%	01/07/2034
Nara Statutory Trust V	12/17/2003	10,000		10,310		Variable	4.10%	12/17/2033
Nara Statutory Trust VI	03/22/2007	8,000		8,248		Variable	2.78%	06/15/2037
Center Capital Trust I	12/30/2003	18,000		13,684		Variable	3.87%	01/07/2034
Wilshire Statutory Trust II	03/17/2005	20,000		15,158		Variable	2.94%	03/17/2035
Wilshire Statutory Trust III	09/15/2005	15,000		10,635		Variable	2.53%	09/15/2035
Wilshire Statutory Trust IV	07/10/2007	25,000		17,275		Variable	2.51%	09/15/2037
Saehan Capital Trust I	03/30/2007	20,000		14,447		Variable	2.77%	06/30/2037
Total		$	126,000	$	100,067

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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

At March 31, 2017 and December 31, 2016, the following interest rate swaps related to our loan hedging program were outstanding:

	As of March 31, 2017			As of December 31, 2016
	(Dollars in thousands)
Interest rate swaps on loans with loan customers
Notional amount	$	263,153		$	223,098
Weighted average remaining term	7.6 years			7.4 years
Received fixed rate (weighted average)	4.34		%	4.29		%
Pay variable rate (weighted average)	3.21		%	3.06		%
Estimated fair value	$	(1,623	)	$	(1,565	)
Back to back interest rate swaps with correspondent banks
Notional amount	$	263,153		$	223,098
Weighted average remaining term	7.6 years			7.4 years
Received variable rate (weighted average)	3.21		%	3.06		%
Pay fixed rate (weighted average)	4.34		%	4.29		%
Estimated fair value	$	1,623		$	1,565

Schedule of Derivative Instruments

The following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

	As of March 31, 2017					As of December 31, 2016
(Dollars in thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Assets:
Interest rate lock commitments	$	6,801	$	113		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	626	$	—		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	—	$	—		$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	6,175	$	(40	)	$	9,755	$	(38	)

The following table reflects the notional amount and fair value of mortgage banking derivatives for the date indicated:

	As of March 31, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	6,801	$	113		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	626	$	—		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	—	$	—		$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	6,175	$	(40	)	$	9,755	$	(38	)

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Goodwill, Intangible Assets, and Servicing Assets (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The following table provides information regarding the core deposit intangibles at March 31, 2017:

		As of March 31, 2017
	Amortization period	Gross Carrying Amount		Accumulated Amortization
		(Dollars in thousands)
Core deposit—Center Financial acquisition	7 years	$	4,100	$	(3,755	)
Core deposit—PIB acquisition	7 years	604		(484		)
Core deposit—Foster acquisition	10 years	2,763		(1,417		)
Core deposit—Wilshire acquisition	10 years	18,138		(1,399		)
Total		$	25,605	$	(7,055	)

Schedule of Servicing Assets

The changes in servicing assets for the three months ended March 31, 2017 and 2016 were as follows:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Balance at beginning of period	$	26,457		$	12,000
Additions through originations of servicing assets	1,296			777
Amortization	(1,812		)	(921		)
Balance at end of period	$	25,941		$	11,856

Summary of Fair Value Inputs

The inputs used in determining the impairment of the servicing assets at March 31, 2017 and December 31, 2016 are presented below.

	March 31, 2017	December 31, 2016
SBA Servicing Assets:
Weighted-average discount rate	10.29%	9.85%
Constant prepayment rate	8.18%	8.05%
Mortgage Servicing Assets:
Weighted-average discount rate	9.66%	7.25%
Constant prepayment rate	7.71%	13.77%

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Income Taxes Reconciliation of effective tax rate (Tables)

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the difference between the federal statutory income tax rate and the effective tax rate is shown in the following table for the three months ended March 31, 2017 and March 31, 2016:

	March 31, 2017		March 31, 2016
Statutory tax rate	35.00	%	35.00	%
State taxes-net of federal tax effect	7.18	%	7.32	%
Affordable housing partnership investment tax credit	(2.93	)%	(1.29	)%
Bank owned life insurance	(0.16	)%	(0.24	)%
Municipal securities	(0.25	)%	(0.21	)%
Nondeductible transaction costs	0.08	%	0.48	%
Other	(0.08	)%	(0.37	)%
Effective income tax rate	38.84	%	40.69	%

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below:

				Fair Value Measurements at the End of the Reporting Period Using
	March 31, 2017			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	9,998		$	—	$	9,998		$	—
GSE collateralized mortgage obligations (residential)	726,619			—		726,619			—
GSE mortgage-backed securities (residential)	732,692			—		732,692			—
Corporate securities	4,313			—		4,313			—
Municipal securities	97,254			—		96,126			1,128
Mutual funds	13,070			13,070		—			—
Interest rate swaps	(1,623		)	—		(1,623		)	—
Mortgage banking derivatives	113			—		113			—
Liabilities:
Interest rate swaps	(1,623		)	—		(1,623		)	—
Mortgage banking derivatives	40			—		40			—

				Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
GSE debt securities	$	12,008		$	—	$	12,008		$	—
GSE collateralized mortgage obligations (residential)	705,667			—		705,667			—
GSE mortgage-backed securities (residential)	728,041			—		728,041			—
Corporate securities	11,127			—		11,127			—
Municipal securities	86,839			—		85,700			1,139
Mutual funds	13,058			13,058		—			—
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	147			—		147			—
Liabilities:
Interest rate swaps	(1,565		)	—		(1,565		)	—
Mortgage banking derivatives	41			—		41			—

Schedule of Derivative Instruments

The following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

	As of March 31, 2017					As of December 31, 2016
(Dollars in thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Assets:
Interest rate lock commitments	$	6,801	$	113		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	626	$	—		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	—	$	—		$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	6,175	$	(40	)	$	9,755	$	(38	)

The following table reflects the notional amount and fair value of mortgage banking derivatives for the date indicated:

	As of March 31, 2017					As of December 31, 2016
	Notional Amount		Fair Value			Notional Amount		Fair Value
	(Dollars in thousands)
Assets:
Interest rate lock commitments	$	6,801	$	113		$	11,168	$	130
Forward sale contracts related to mortgage banking	$	626	$	—		$	3,223	$	17
Liabilities:
Interest rate lock commitments	$	—	$	—		$	1,810	$	(3	)
Forward sale contracts related to mortgage banking	$	6,175	$	(40	)	$	9,755	$	(38	)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2017:

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Beginning Balance, January 1	$	1,139		$	1,166
Total (losses) or gains included in other comprehensive income	(11		)	43
Ending Balance, March 31	$	1,128		$	1,209

Assets Measured at Fair Value on a Non-recurring Basis

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements at the End of the Reporting Period Using
	March 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	65,125	$	—	$	—	$	65,125
Commercial business	9,407		—		—		9,407
Trade finance	4,365		—		—		4,365
Consumer	97		—		—		97
Loans held for sale, net	6,571		—		6,571		—
OREO	19,096		—		—		19,096

			Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	58,882	$	—	$	—	$	58,882
Commercial business	6,563		—		—		6,563
Trade Finance	—		—		—		—
Consumer	253		—		—		253
Impaired loans held for sale, net	3,788		—		3,788		—
OREO	21,990		—		—		21,990

For assets measured at fair value on a non-recurring basis, the total net gains (losses), which include charge offs, recoveries, specific reserves, and recognized gains and losses on sales are summarized below:

	For the Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	(2,002	)	$	309
Commercial business	(974		)	(2,672		)
Trade Finance	(712		)	1,296
Consumer	(266		)	(62		)
Impaired loans held for sale, net	420			15
OREO	(595		)	(577		)

Carrying Amounts and Estimated Fair Values of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at March 31, 2017 and December 31, 2016 were as follows:

	March 31, 2017
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	461,068	$	461,068	Level 1
Interest bearing deposits in other financial institutions and   other investments	43,958		43,630		Level 2/3
Loans held for sale	19,141		20,291		Level 2
Loans receivable—net	10,471,008		10,633,834		Level 3
FHLB stock	21,203		N/A		N/A
Accrued interest receivable	25,683		25,683		Level 2/3
Customers’ liabilities on acceptances	2,771		2,771		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,963,947	$	2,963,947	Level 2
Saving and other interest bearing demand deposits	3,771,155		3,771,155		Level 2
Time deposits	3,968,675		3,963,545		Level 2
FHLB advances	703,850		698,287		Level 2
Subordinated debentures	100,067		100,067		Level 2
Accrued interest payable	10,592		10,592		Level 2
Servicing Assets	25,941		25,941		Level 3
Acceptances outstanding	2,771		2,771		Level 2
	December 31, 2016
	Carrying Amount		Estimated Fair Value		Fair Value Measurement Using
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	437,334	$	437,334	Level 1
Interest bearing deposits in other financial institutions and   other investments	44,202		43,773		Level 2/3
Loans held for sale	22,785		24,492		Level 2
Loans receivable—net	10,463,989		10,666,642		Level 3
FHLB stock	21,964		N/A		N/A
Accrued interest receivable	26,880		26,880		Level 2/3
Customers’ liabilities on acceptances	2,899		2,899		Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,900,241	$	2,900,241	Level 2
Saving and other interest bearing demand deposits	3,703,352		3,703,352		Level 2
Time deposits	4,038,442		4,036,664		Level 2
FHLB advances	754,290		749,486		Level 2
Subordinated debentures	99,808		99,808		Level 2
Accrued interest payable	10,863		10,863		Level 2
Servicing Assets	26,457		26,457		Level 3
Acceptances outstanding	2,899		2,899		Level 2

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Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders’ Equity and Regulatory Matters [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the quarterly changes to accumulated other comprehensive (loss) income for the three months ended March 31, 2017 and March 31, 2016:

	Three months ended,
	March 31, 2017			March 31, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(14,657	)	$	(1,832	)
Unrealized gains on securities available for sale and interest only strips	3,132			15,592
Tax effect	1,324			6,605
Total other comprehensive income	1,808			8,987
Balance at end of period	$	(12,849	)	$	7,155

For the three months ended March 31, 2017 and March 31, 2016 there were no reclassifications out of accumulated other comprehensive (loss) income.

eholders received 0.7034 shares of the Company’s common stock for each share of Wilshire stock owned. Based on this exchange ratio, 55.5 million shares of the Company’s common stock were issued to Wilshire shareholders at $15.37 per share, the closing price of the Company’s stock on July 29, 2016. As a result, $852.9 million in common stock was issued as consideration in the transaction and $3.4 million in additional paid-in capital was recorded to account for the fair value of stock options assumed. Total stockholders’ equity at March 31, 2017 was $1.88 billion, compared to $1.86 billion at December 31, 2016.

The Company assumed certain warrants (related to the TARP Capital Purchase Plan) to purchase shares of the Company’s common stock. On May 20, 2015, the U.S. Treasury Department completed an auction to sell certain of its warrant positions, and the Company submitted the winning bid to repurchase an outstanding warrant to purchase 350,767 shares of the Company’s common stock. The Company repurchased this warrant for $1.2 million. As of March 31, 2017, the U.S. Treasury Department held one remaining warrant for the purchase of 19,963 shares of the Company’s common stock.

The Company paid a quarterly dividend of $0.12 per common share for the first quarter of 2017 compared to $0.11 per common share for the first quarter of 2016.

The following table presents the quarterly changes to accumulated other comprehensive (loss) income for the three months ended March 31, 2017 and March 31, 2016:

	Three months ended,
	March 31, 2017			March 31, 2016
	(Dollars in thousands)
Balance at beginning of period	$	(14,657	)	$	(1,832	)
Unrealized gains on securities available for sale and interest only strips	3,132			15,592
Tax effect	1,324			6,605
Total other comprehensive income	1,808			8,987
Balance at end of period	$	(12,849	)	$	7,155

For the three months ended March 31, 2017 and March 31, 2016 there were no reclassifications out of accumulated other comprehensive (loss) income.

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Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2017

Banking and Thrift [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

	Actual				Required For Capital Adequacy Purposes				Minimum Capital Adequacy With Capital Buffer				Required To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
As of March 31, 2017
Common equity tier 1 capital (to risk weighted assets):
Company	$	1,413,592	12.22	%	$	520,711	4.50	%	$	665,353	5.75	%	N/A		N/A
Bank	$	1,489,239	12.88	%	$	520,425	4.50	%	$	664,987	5.75	%	$	751,724	6.50	%
Total capital (to risk-weighted assets):
Company	$	1,591,852	13.76	%	$	925,708	8.00	%	$	1,070,350	9.25	%	N/A		N/A
Bank	$	1,571,333	13.59	%	$	925,199	8.00	%	$	1,069,762	9.25	%	$	1,156,499	10.00	%
Tier I capital (to risk-weighted assets):
Company	$	1,509,758	13.05	%	$	694,281	6.00	%	$	838,923	7.25	%	N/A		N/A
Bank	$	1,489,239	12.88	%	$	693,899	6.00	%	$	838,462	7.25	%	$	925,199	8.00	%
Tier I capital (to average assets):
Company	$	1,509,758	11.72	%	$	515,352	4.00	%	N/A		N/A		N/A		N/A
Bank	$	1,489,239	11.56	%	$	515,212	4.00	%	N/A		N/A		$	644,014	5.00	%

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Basis of Presentation Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Entity Information [Line Items]
Income Tax Expense (Benefit)	$ 22,999	$ 16,210
Company
Entity Information [Line Items]
Income Tax Expense (Benefit)	$ 73	$ 9

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Mergers and Acquisitions - Additional Information (Details)		3 Months Ended
	Jul. 29, 2016 USD ($) branch shares	Mar. 31, 2017 USD ($) state branch	Dec. 31, 2016 USD ($)	Mar. 31, 2016 USD ($)
Business Acquisition [Line Items]
Branches operated | branch		85
States in which entity operates | state		9
Loans receivable, Net		$ 10,471,008,000	$ 10,463,989,000
Merger and integration expenses		947,000		$ 1,207,000
Wilshire Bancorp, Inc
Business Acquisition [Line Items]
Fair value of acquired impaired loans	$ 243,100,000
Branches operated | branch	35
Assets acquired	$ 4,630,000,000
Goodwill, Purchase Accounting Adjustments			(1,400,000)
Goodwill, Period Increase (Decrease)		978,000	(1,400,000)
Loans acquired	3,800,807,000
Deposits acquired	$ 3,812,367,000
Entity shares Issued per acquiree share | shares	0.7034
Stock issued for acquisitions | shares	55,500,000
Cash paid for fractional shares	$ 3,000
Consideration paid	856,312,000
Loans receivable, gross	4,720,000,000		5,670,000,000
Loans receivable, Net	$ 3,420,000,000		$ 3,590,000,000
Wilshire Bancorp, Inc | Other real estate owned [Member]
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments		(1,700,000)
Wilshire Bancorp, Inc | Deferred Tax Assets [Member]
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments		$ (716,000)

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Mergers and Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($)	Jul. 29, 2016	Mar. 31, 2017	Dec. 31, 2016
Liabilities Assumed:
Excess of consideration paid over fair value of net assets acquired (goodwill)		$ 463,975,000	$ 462,997,000
Wilshire Bancorp, Inc
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Hope common stock issued in exchange for Wilshire common stock	$ 852,939,000
Cash paid for fractional shares	3,000
Hope stock options issued in exchange Wilshire stock options	3,370,000
Total consideration paid	856,312,000
Assets Acquired:
Cash and cash equivalents	100,127,000
Investment securities available for sale	478,938,000
Loans receivable	3,800,807,000
FRB and FHLB stock	16,539,000
OREO	13,173,000
Premises and equipment	16,812,000
Bank owned life insurance	25,240,000
Servicing assets	16,203,000
Low income housing tax credit investments	47,111,000
Core deposit intangibles	18,138,000
Deferred tax assets, net	18,174,000
Other assets	76,818,000
Liabilities Assumed:
Deposits	(3,812,367,000)
Borrowings	(206,282,000)
Subordinated debentures	(56,942,000)
Other liabilities	(54,751,000)
Total identifiable net assets	497,738,000
Excess of consideration paid over fair value of net assets acquired (goodwill)	$ 358,574,000	$ 358,600,000

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Mergers and Acquisitions - Acquisition Related Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Business Acquisition [Line Items]
Total merger and integration expenses	$ 947	$ 1,207
Merger and Integration Expense
Business Acquisition [Line Items]
Total merger and integration expenses	947	1,207
Merger and Integration Expense | Wilshire
Business Acquisition [Line Items]
Total merger and integration expenses	401	1,183
Merger and Integration Expense | U & I Financial Corp [Member]
Business Acquisition [Line Items]
Total merger and integration expenses	522	0
Merger and Integration Expense | Other
Business Acquisition [Line Items]
Total merger and integration expenses	$ 24	$ 24

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Stock-Based Compensation - Plan Description (Details) - shares		3 Months Ended
	Jul. 29, 2016	Mar. 31, 2017	Sep. 01, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)		1,890,563
Restricted stock, performance shares and performance units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, restriction period		1 year
Time based vesting of grants | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, restriction period		3 years
BBCN 2007 Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price of common stock, percent		100.00%
BBCN 2007 Plan | Stock options and stock appreciation rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term		10 years
BBCN 2007 Plan | Stock options and stock appreciation rights | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
BBCN 2007 Plan | Stock options and stock appreciation rights | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years
2016 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			2,400,000
2016 Stock Incentive Plan | Nonemployee director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term		10 years
2016 Stock Incentive Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price of common stock, percent		100.00%
Wilshire Bancorp, Inc
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Entity shares Issued per acquiree share	0.7034

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Stock-Based Compensation - Stock Option Activity (Details) - Stock options	3 Months Ended
	Mar. 31, 2017 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding - beginning of period (in shares) | shares	1,624,227
Granted (in shares) | shares	0
Exercised (in shares) | shares	21,307
Expired (in shares) | shares	(1,530)
Forfeited (in shares) | shares	0
Outstanding - end of period (in shares) | shares	1,601,390
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding - beginning of period, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	$ 15.30
Granted, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	0.00
Exercised, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	11.07
Expired, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	15.34
Forfeited, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	0.00
Outstanding - end of period, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	$ 15.36
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options exercisable - end of period (in shares) | shares	866,548
Options exercisable, Weighted-Average Exercise Price Per Share (in dollars per share) | $ / shares	$ 14.02
Outstanding, Weighted-Average Remaining Contractual Life (Years)	6 years 4 months 25 days
Options exercisable, Weighted-Average Remaining Contractual Life (Years)	4 years 1 month 18 days
Outstanding, Aggregate Intrinsic Value | $	$ 6,861,205
Options exercisable, Aggregate Intrinsic Value | $	$ 5,217,790

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Stock-Based Compensation - Restricted and Performance Unit Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Allocated share-based compensation expense	$ 746	$ 22
Tax benefit from compensation expense	$ 290	0
Retricted and performance unit activity
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding - beginning of period (in shares)	403,658
Granted (in shares)	0
Vested (in shares)	(36,407)
Forfeited (in shares)	(3,372)
Outstanding - end of period (in shares)	363,879
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding - beginning of period, Weighted-Average Grant Date Fair Value (in dollars per share)	$ 16.17
Granted, Weighted-Average Grant Date Fair Value (in dollars per share)	0.00
Vested, Weighted-Average Grant Date Fair Value (in dollars per share)	15.31
Forfeited, Weighted-Average Grant Date Fair Value (in dollars per share)	14.75
Outstanding - end of period, Weighted-Average Grant Date Fair Value (in dollars per share)	$ 16.27
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Total compensation cost not yet recognized	$ 4,600
Total compensation cost not yet recognized, period for recognition	2 years 8 months 10 days
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Equity instruments other than options, vested in period	$ 735	$ 500
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Total compensation cost not yet recognized	$ 1,800
Total compensation cost not yet recognized, period for recognition	3 years 2 months 10 days

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Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income (Numerator)
Net income available to common stockholders - basic	$ 36,210	$ 23,623
Net income available to common stockholders - diluted	$ 36,210	$ 23,623
Shares (Denominator)
Weighted-Average Shares (Denominator) (shares)	135,248,018	79,583,188
Effect of Dilutive Securities:
Stock options and performance units (shares)	520,627	30,057
Diluted EPS - common stock (shares)	135,768,645	79,613,245
Per Share (Amount)
Basic EPS - common stock (in dollars per share)	$ 0.27	$ 0.30
Diluted EPS - common stock (in dollars per share)	$ 0.27	$ 0.30
Stock options and restricted shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive shares of common stock	236,878	443,956
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive shares of common stock	19,963	19,420

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Securities Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 1,606,334	$ 1,582,309
Gross Unrealized Gains	2,285	1,842
Gross Unrealized Losses	(24,673)	(27,411)
Estimated Fair Value	1,583,946	1,556,740
Collateralized Debt Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,002	12,005
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(4)	0
Estimated Fair Value	9,998	12,008
GSE collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	736,000	715,981
Gross Unrealized Gains	406	349
Gross Unrealized Losses	(9,787)	(10,663)
Estimated Fair Value	726,619	705,667
GSE mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	744,654	741,304
Gross Unrealized Gains	1,252	1,132
Gross Unrealized Losses	(13,214)	(14,395)
Estimated Fair Value	732,692	728,041
Trust preferred securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	4,564	11,576
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(251)	(449)
Estimated Fair Value	4,313	11,127
Municipal bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	97,689	88,018
Gross Unrealized Gains	609	358
Gross Unrealized Losses	(1,044)	(1,537)
Estimated Fair Value	97,254	86,839
Total Debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,592,909	1,568,884
Gross Unrealized Gains	2,267	1,842
Gross Unrealized Losses	(24,300)	(27,044)
Estimated Fair Value	1,570,876	1,543,682
Mutual funds - GSE mortgage related securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,425	13,425
Gross Unrealized Gains	18	0
Gross Unrealized Losses	(373)	(367)
Estimated Fair Value	$ 13,070	$ 13,058

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Securities Available for Sale - Amortized Cost and Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost - Due within one year	$ 10,724
Amortized Cost - Due after one year through five years	7,472
Amortized Cost - Due after five years through ten years	40,905
Amortized Cost - Due after ten years	53,154
Amortized Cost	1,606,334	$ 1,582,309
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value - Due within one year	10,725
Estimated Fair Value - Due after one year through five years	7,630
Estimated Fair Value - Due after five years through ten years	40,891
Estimated Fair Value - Due after ten years	52,319
Estimated Fair Value	1,583,946	1,556,740
Available-for-sale Securities, Restricted	366,100	382,100
Trust Preferred Security [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost	4,564	11,576
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value	4,313	11,127
GSE collateralized mortgage obligations
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost - no single maturity date	736,000
Amortized Cost	736,000	715,981
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value - no single maturity date	726,619
Estimated Fair Value	726,619	705,667
GSE mortgage-backed securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost - no single maturity date	744,654
Amortized Cost	744,654	741,304
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value - no single maturity date	732,692
Estimated Fair Value	732,692	728,041
Mutual funds - GSE mortgage related securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Amortized Cost - no single maturity date	13,425
Amortized Cost	13,425	13,425
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Estimated Fair Value - no single maturity date	13,070
Estimated Fair Value	$ 13,070	$ 13,058

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Securities Available for Sale - Aggregate Unrealized Losses and Fair Value (Details)		3 Months Ended		12 Months Ended
		Mar. 31, 2017 USD ($) security	Mar. 31, 2016 USD ($)	Dec. 31, 2016 USD ($) security
Number of Securities
Number of Securities, Less than 12 months | security		186		222
Number of Securities, 12 months or longer | security		6		5
Number of Securities, Total | security		192		227
Fair Value
Fair Value - Less than 12 months		$ 1,302,740,000		$ 1,328,003,000
Fair Value - 12 months or longer		39,665,000		40,446,000
Fair Value - Total		1,342,405,000		1,368,449,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months		(23,277,000)		(25,760,000)
Gross Unrealized Losses - 12 months or longer		(1,396,000)		(1,651,000)
Gross Unrealized Losses - Total		(24,673,000)		$ (27,411,000)
Change in unrealized net holding gains on securities available for sale		$ 3,181,000	$ 15,633,000
US Government Agencies Debt Securities [Member]
Number of Securities
Number of Securities, Less than 12 months | security	[1]	3
Number of Securities, 12 months or longer | security	[1]	0
Number of Securities, Total | security	[1]	3
Fair Value
Fair Value - Less than 12 months	[1]	$ 9,998,000
Fair Value - 12 months or longer	[1]	0
Fair Value - Total	[1]	9,998,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months	[1]	(4,000)
Gross Unrealized Losses - 12 months or longer	[1]	0
Gross Unrealized Losses - Total	[1]	$ (4,000)
GSE collateralized mortgage obligations
Number of Securities
Number of Securities, Less than 12 months | security	[1]	67		66
Number of Securities, 12 months or longer | security	[1]	4		4
Number of Securities, Total | security	[1]	71		70
Fair Value
Fair Value - Less than 12 months	[1]	$ 624,327,000		$ 615,803,000
Fair Value - 12 months or longer	[1]	34,843,000		36,333,000
Fair Value - Total	[1]	659,170,000		652,136,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months	[1]	(8,668,000)		(9,459,000)
Gross Unrealized Losses - 12 months or longer	[1]	(1,119,000)		(1,204,000)
Gross Unrealized Losses - Total	[1]	(9,787,000)		$ (10,663,000)
OTTI recognized		$ 0
GSE mortgage-backed securities
Number of Securities
Number of Securities, Less than 12 months | security	[1]	59		57
Number of Securities, 12 months or longer | security	[1]	0		0
Number of Securities, Total | security	[1]	59		57
Fair Value
Fair Value - Less than 12 months	[1]	$ 606,378,000		$ 622,797,000
Fair Value - 12 months or longer	[1]	0		0
Fair Value - Total	[1]	606,378,000		622,797,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months	[1]	(13,214,000)		(14,395,000)
Gross Unrealized Losses - 12 months or longer	[1]	0		0
Gross Unrealized Losses - Total	[1]	(13,214,000)		$ (14,395,000)
OTTI recognized		$ 0
Trust preferred securities
Number of Securities
Number of Securities, Less than 12 months | security		0		1
Number of Securities, 12 months or longer | security		1		1
Number of Securities, Total | security		1		2
Fair Value
Fair Value - Less than 12 months		$ 0		$ 7,014,000
Fair Value - 12 months or longer		4,313,000		4,113,000
Fair Value - Total		4,313,000		11,127,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months		0		(2,000)
Gross Unrealized Losses - 12 months or longer		(251,000)		(447,000)
Gross Unrealized Losses - Total		(251,000)		$ (449,000)
OTTI recognized		$ 0
Municipal bonds
Number of Securities
Number of Securities, Less than 12 months | security		54		95
Number of Securities, 12 months or longer | security		1		0
Number of Securities, Total | security		55		95
Fair Value
Fair Value - Less than 12 months		$ 50,447,000		$ 69,331,000
Fair Value - 12 months or longer		509,000		0
Fair Value - Total		50,956,000		69,331,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months		(1,018,000)		(1,537,000)
Gross Unrealized Losses - 12 months or longer		(26,000)		0
Gross Unrealized Losses - Total		$ (1,044,000)		$ (1,537,000)
Mutual funds - GSE mortgage related securities
Number of Securities
Number of Securities, Less than 12 months | security		3		3
Number of Securities, 12 months or longer | security		0		0
Number of Securities, Total | security		3		3
Fair Value
Fair Value - Less than 12 months		$ 11,590,000		$ 13,058,000
Fair Value - 12 months or longer		0		0
Fair Value - Total		11,590,000		13,058,000
Gross Unrealized Losses
Gross Unrealized Losses - Less than 12 months		(373,000)		(367,000)
Gross Unrealized Losses - 12 months or longer		0		0
Gross Unrealized Losses - Total		$ (373,000)		$ (367,000)
Credit concentration risk | Stockholders' equity | Non-US Government and agency securities
Gross Unrealized Losses
Maximum exposure to any single issuer		10.00%		10.00%

[1] Investments in U.S. Government agency and U.S. Government sponsored enterprises

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Loans Receivable and Allowance for Loan Losses - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($) segment	Dec. 31, 2016 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Mar. 31, 2015 USD ($)
Real estate loans:
Loans	$ 10,551,550	$ 10,544,989
Less: deferred loan fees	(1,883)	(1,657)
Loans receivable	10,549,667	10,543,332
Less: allowance for loan losses	(78,659)	(79,343)	$ (79,343)	$ (76,856)	$ (76,408)
Loans receivable, net of allowance for loan losses	$ 10,471,008	10,463,989
Number of portfolio segments | segment	4
Real estate loans
Real estate loans:
Loans	$ 8,291,188	8,154,570
Real estate loans | Residential
Real estate loans:
Loans	58,166	57,884
Less: allowance for loan losses	(287)	(209)
Real estate loans | Commercial & industrial
Real estate loans:
Loans	7,948,844	7,842,573
Less: allowance for loan losses	(55,387)	(49,917)
Real estate loans | Construction
Real estate loans:
Loans	284,178	254,113
Less: allowance for loan losses	(1,710)	(1,621)
Commercial business
Real estate loans:
Loans	1,696,895	1,832,021
Less: allowance for loan losses	(18,423)	(23,547)
Trade finance
Real estate loans:
Loans	143,298	154,928
Less: allowance for loan losses	(811)	(1,897)
Consumer and other
Real estate loans:
Loans	420,169	403,470
Less: allowance for loan losses	$ (2,041)	$ (2,152)

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Loans Receivable and Allowance for Loan Losses - Accretable Yield Movement Schedule on Acquired Credit Impaired Loans in Center Merger (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period	$ 38,591	$ 23,777
Accretion	(5,348)	(3,029)
Changes in expected cash flows	18,408	1,349
Balance at end of period	$ 51,651	$ 22,097

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Loans Receivable and Allowance for Loan Losses - Allowance for Credit Losses on Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2015
Allowance for Loan Losses and the Loans Receivables by Impairment Methodology
Recognized provision for credit losses related to unfunded commitments	$ 241	$ (570)
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	79,343
Provision (credit) for loan losses	5,600	500
Loans charged off	(6,605)	(821)
Recoveries of charged offs	321	769
Balance, end of period	78,659	76,856
Allowance for loan losses - Individually evaluated for impairment			$ 5,079	$ 7,409
Allowance for loan losses - Collectively evaluated for impairment			61,444	59,804
Allowance for loan losses - Total	79,343	76,856	78,659	79,343	$ 79,343	$ 76,408
Loans outstanding - Individually evaluated for impairment			129,579	140,361
Loans outstanding - Collectively evaluated for impairment			10,161,706	10,131,183
Loans outstanding - ACILs			10,471,008	10,463,989
Total loans outstanding			10,551,550	10,544,989
Legacy
Allowance for Loan Losses by Portfolio Segment
Total loans outstanding			6,915,682	6,721,566
Acquired
Allowance for Loan Losses by Portfolio Segment
Provision (credit) for loan losses	1,891
Total loans outstanding			3,635,868	3,823,423
Real estate
Allowance for Loan Losses by Portfolio Segment
Total loans outstanding			8,291,188	8,154,570
Real estate | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	38,956
Provision (credit) for loan losses	6,106	(1,218)
Loans charged off	(1,154)	(19)
Recoveries of charged offs	21	523
Balance, end of period	43,929	42,115
Allowance for loan losses - Individually evaluated for impairment			2,530	1,889
Allowance for loan losses - Collectively evaluated for impairment			41,399	37,067
Allowance for loan losses - Total	38,956	42,115	43,929	38,956	38,956	42,829
Loans outstanding - Individually evaluated for impairment			75,377	74,085
Loans outstanding - Collectively evaluated for impairment			5,474,703	5,271,262
Total loans outstanding			5,550,080	5,345,347
Real estate | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	12,791
Provision (credit) for loan losses	975	(82)
Loans charged off	(336)	(116)
Recoveries of charged offs	25	1
Balance, end of period	13,455	12,626
Allowance for loan losses - Individually evaluated for impairment			30	113
Allowance for loan losses - Collectively evaluated for impairment			1,289	548
Allowance for loan losses - Total	12,791	12,626	13,455	12,791	12,791	12,823
Loans outstanding - Individually evaluated for impairment			19,325	23,865
Loans outstanding - Collectively evaluated for impairment			2,538,765	2,597,200
Total loans outstanding			2,741,108	2,809,223
Commercial business
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	23,547
Balance, end of period	18,423
Allowance for loan losses - Total	23,547		18,423	23,547
Total loans outstanding			1,696,895	1,832,021
Commercial business | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	23,430
Provision (credit) for loan losses	(2,884)	3,147
Loans charged off	(3,190)	(621)
Recoveries of charged offs	123	190
Balance, end of period	17,479	19,048
Allowance for loan losses - Individually evaluated for impairment			2,357	4,420
Allowance for loan losses - Collectively evaluated for impairment			15,122	19,010
Allowance for loan losses - Total	23,430	19,048	17,479	23,430	23,430	16,332
Loans outstanding - Individually evaluated for impairment			28,421	34,783
Loans outstanding - Collectively evaluated for impairment			1,065,952	1,079,348
Total loans outstanding			1,094,373	1,114,131
Commercial business | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	117
Provision (credit) for loan losses	748	(112)
Loans charged off	(70)	0
Recoveries of charged offs	149	52
Balance, end of period	944	154
Allowance for loan losses - Individually evaluated for impairment			122	73
Allowance for loan losses - Collectively evaluated for impairment			822	44
Allowance for loan losses - Total	117	154	944	117	117	214
Loans outstanding - Individually evaluated for impairment			1,019	435
Loans outstanding - Collectively evaluated for impairment			541,586	650,710
Total loans outstanding			602,522	717,890
Trade finance
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	1,897
Balance, end of period	811
Allowance for loan losses - Total	1,897		811	1,897
Total loans outstanding			143,298	154,928
Trade finance | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	1,897
Provision (credit) for loan losses	303	(1,507)
Loans charged off	(1,576)	0
Recoveries of charged offs	0	0
Balance, end of period	624	2,085
Allowance for loan losses - Individually evaluated for impairment			0	864
Allowance for loan losses - Collectively evaluated for impairment			624	1,033
Allowance for loan losses - Total	1,897	2,085	624	1,897	1,897	3,592
Loans outstanding - Individually evaluated for impairment			4,450	6,029
Loans outstanding - Collectively evaluated for impairment			59,131	75,365
Total loans outstanding			63,581	81,394
Trade finance | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	0
Provision (credit) for loan losses	187	0
Loans charged off	0	0
Recoveries of charged offs	0	0
Balance, end of period	187	0
Allowance for loan losses - Individually evaluated for impairment			0	0
Allowance for loan losses - Collectively evaluated for impairment			187	0
Allowance for loan losses - Total	0	0	187	0	0	0
Loans outstanding - Individually evaluated for impairment			0	0
Loans outstanding - Collectively evaluated for impairment			76,541	70,535
Total loans outstanding			79,717	73,534
Consumer and other
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	2,152
Balance, end of period	2,041
Allowance for loan losses - Total	2,152		2,041	2,152
Total loans outstanding			420,169	403,470
Consumer and other | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	2,116
Provision (credit) for loan losses	184	276
Loans charged off	(279)	(65)
Recoveries of charged offs	1	1
Balance, end of period	2,022	768
Allowance for loan losses - Individually evaluated for impairment			40	50
Allowance for loan losses - Collectively evaluated for impairment			1,982	2,066
Allowance for loan losses - Total	2,116	768	2,022	2,116	2,116	556
Loans outstanding - Individually evaluated for impairment			715	733
Loans outstanding - Collectively evaluated for impairment			206,933	179,961
Total loans outstanding			207,648	180,694
Consumer and other | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	36
Provision (credit) for loan losses	(19)	(4)
Loans charged off	0	0
Recoveries of charged offs	2	2
Balance, end of period	19	60
Allowance for loan losses - Individually evaluated for impairment			0	0
Allowance for loan losses - Collectively evaluated for impairment			19	36
Allowance for loan losses - Total	36	$ 60	19	36	$ 36	$ 62
Loans outstanding - Individually evaluated for impairment			272	431
Loans outstanding - Collectively evaluated for impairment			198,095	206,802
Total loans outstanding			212,521	222,776
Receivables acquired with deteriorated credit quality
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	12,130
Balance, end of period	12,136
Allowance for loan losses - Total	12,130		12,136	12,130
Loans outstanding - ACILs			260,265	273,445
Receivables acquired with deteriorated credit quality | Real estate | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	0
Balance, end of period	0
Allowance for loan losses - Total	0		0	0
Loans outstanding - ACILs			0	0
Receivables acquired with deteriorated credit quality | Real estate | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	12,130
Balance, end of period	12,136
Allowance for loan losses - Total	12,130		12,136	12,130
Loans outstanding - ACILs			183,018	188,158
Receivables acquired with deteriorated credit quality | Commercial business | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	0
Balance, end of period	0
Allowance for loan losses - Total	0		0	0
Loans outstanding - ACILs			0	0
Receivables acquired with deteriorated credit quality | Commercial business | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	0
Balance, end of period	0
Allowance for loan losses - Total	0		0	0
Loans outstanding - ACILs			59,917	66,745
Receivables acquired with deteriorated credit quality | Trade finance | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	0
Balance, end of period	0
Allowance for loan losses - Total	0		0	0
Loans outstanding - ACILs			0	0
Receivables acquired with deteriorated credit quality | Trade finance | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	0
Balance, end of period	0
Allowance for loan losses - Total	0		0	0
Loans outstanding - ACILs			3,176	2,999
Receivables acquired with deteriorated credit quality | Consumer and other | Legacy
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	0
Balance, end of period	0
Allowance for loan losses - Total	0		0	0
Loans outstanding - ACILs			0	0
Receivables acquired with deteriorated credit quality | Consumer and other | Acquired
Allowance for Loan Losses by Portfolio Segment
Balance, beginning of period	0
Balance, end of period	0
Allowance for loan losses - Total	$ 0		0	0
Loans outstanding - ACILs			$ 14,154	$ 15,543

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Loans Receivable and Allowance for Loan Losses - Impaired Financing Receivables (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016	Dec. 31, 2016
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance	[1]	$ 52,140			$ 60,758
Recorded Investment, With no related allowance	[1]	77,439			79,603
Related Allowance		(5,079)			(7,409)
Impaired Loans, net of allowance		124,500			132,952
Total recorded investment	[1]	129,579			140,361
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		54,434			62,494
Unpaid Contractual Principal Balance, With no related allowance		93,021			91,065
Impaired Financing Receivable, Unpaid Principal Balance		147,455			153,559
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	56,450		$ 79,142
Average Recorded Investment, With no related allowance	[1]	78,522		60,116
Average Recorded Investment, Total	[1]	134,972		139,258
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		530		700
Interest Income Recognized during Impairment, With no related allowance		580		391
Interest Income Recognized during Impairment, Total		$ 1,110		1,091
Threshold period for loans to be placed on nonaccrual status		90 days
WIthout charge-offs
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		$ 51,944			59,638
Recorded Investment, With no related allowance		70,466			76,775
With charge-offs
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		196			1,120
Recorded Investment, With no related allowance		6,973			2,828
Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		1,760			2,593
Recorded Investment, With no related allowance		18,856			22,138
Related Allowance		(152)			(186)
Total recorded investment		20,616			24,731
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		3,666			2,930
Unpaid Contractual Principal Balance, With no related allowance		23,009			26,118
Impaired Financing Receivable, Unpaid Principal Balance		26,675			29,048
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		2,176		3,052
Average Recorded Investment, With no related allowance		20,497		17,284
Average Recorded Investment, Total		22,673		20,336
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		15		9
Interest Income Recognized during Impairment, With no related allowance		125		97
Interest Income Recognized during Impairment, Total		140		106
Real estate | Residential
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0	[1]		0
Recorded Investment, With no related allowance		1,465	[1]		3,562
Related Allowance		0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0
Unpaid Contractual Principal Balance, With no related allowance		1,465			3,562
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	0		0
Average Recorded Investment, With no related allowance	[1]	2,513		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		28		0
Real estate | Residential | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0
Recorded Investment, With no related allowance		0			679
Related Allowance		0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0
Unpaid Contractual Principal Balance, With no related allowance		0			679
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0
Average Recorded Investment, With no related allowance		339		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		0		0
Real estate | Commercial & industrial
Impaired Loans, Recorded Investment
Related Allowance		(2,560)			(2,002)
Real estate | Commercial & industrial | Retail
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		581	[1]		2,095
Recorded Investment, With no related allowance		16,752	[1]		12,753
Related Allowance		(9)			(90)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		581			2,384
Unpaid Contractual Principal Balance, With no related allowance		17,724			13,290
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	1,338		1,712
Average Recorded Investment, With no related allowance	[1]	14,752		11,105
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		4		0
Interest Income Recognized during Impairment, With no related allowance		159		100
Real estate | Commercial & industrial | Retail | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		311			1,826
Recorded Investment, With no related allowance		4,351			3,148
Related Allowance		0			(85)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		311			2,114
Unpaid Contractual Principal Balance, With no related allowance		4,831			3,214
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		1,068		1,169
Average Recorded Investment, With no related allowance		3,750		2,571
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		4		0
Interest Income Recognized during Impairment, With no related allowance		31		26
Real estate | Commercial & industrial | Hotel & motel
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		6,395	[1]		6,387
Recorded Investment, With no related allowance		6,273	[1]		6,122
Related Allowance		(403)			(337)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		6,433			6,387
Unpaid Contractual Principal Balance, With no related allowance		12,221			11,735
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	6,391		4,611
Average Recorded Investment, With no related allowance	[1]	6,198		7,849
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		43		57
Interest Income Recognized during Impairment, With no related allowance		7		22
Real estate | Commercial & industrial | Hotel & motel | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		92			0
Recorded Investment, With no related allowance		4,840			4,767
Related Allowance		(2)			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		89			0
Unpaid Contractual Principal Balance, With no related allowance		7,352			7,171
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		46		0
Average Recorded Investment, With no related allowance		4,803		6,882
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		4		17
Real estate | Commercial & industrial | Gas station & car wash
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0	[1]		215
Recorded Investment, With no related allowance		4,160	[1]		5,043
Related Allowance		0			(41)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			228
Unpaid Contractual Principal Balance, With no related allowance		6,634			7,449
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	108		1,050
Average Recorded Investment, With no related allowance	[1]	4,602		4,665
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		10		34
Real estate | Commercial & industrial | Gas station & car wash | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0
Recorded Investment, With no related allowance		618			1,568
Related Allowance		0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0
Unpaid Contractual Principal Balance, With no related allowance		804			1,815
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		509
Average Recorded Investment, With no related allowance		1,093		1,392
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		10		25
Real estate | Commercial & industrial | Mixed use
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		250	[1]		206
Recorded Investment, With no related allowance		6,530	[1]		7,303
Related Allowance		(3)			(27)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		2,101			732
Unpaid Contractual Principal Balance, With no related allowance		7,614			7,822
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	228		563
Average Recorded Investment, With no related allowance	[1]	6,916		2,364
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		2		2
Interest Income Recognized during Impairment, With no related allowance		63		12
Real estate | Commercial & industrial | Mixed use | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		250			136
Recorded Investment, With no related allowance		5,283			5,315
Related Allowance		(3)			(2)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		2,101			136
Unpaid Contractual Principal Balance, With no related allowance		5,510			5,551
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		193		493
Average Recorded Investment, With no related allowance		5,299		273
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		2		2
Interest Income Recognized during Impairment, With no related allowance		63		3
Real estate | Commercial & industrial | Industrial & warehouse
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		2,882	[1]		530
Recorded Investment, With no related allowance		8,498	[1]		9,673
Related Allowance		(2)			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		2,882			530
Unpaid Contractual Principal Balance, With no related allowance		8,574			9,748
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	1,706		560
Average Recorded Investment, With no related allowance	[1]	9,086		9,888
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		32		6
Interest Income Recognized during Impairment, With no related allowance		75		85
Real estate | Commercial & industrial | Industrial & warehouse | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0
Recorded Investment, With no related allowance		65			66
Related Allowance		0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0
Unpaid Contractual Principal Balance, With no related allowance		65			66
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0
Average Recorded Investment, With no related allowance		66		1,111
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		1		2
Real estate | Commercial & industrial | Other
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		22,412	[1]		22,580
Recorded Investment, With no related allowance		15,648	[1]		20,181
Related Allowance		(2,143)			(1,507)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		22,657			22,825
Unpaid Contractual Principal Balance, With no related allowance		16,911			21,492
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	22,496		24,462
Average Recorded Investment, With no related allowance	[1]	17,915		12,712
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		253		275
Interest Income Recognized during Impairment, With no related allowance		130		90
Real estate | Commercial & industrial | Other | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		333			337
Recorded Investment, With no related allowance		3,182			6,023
Related Allowance		(25)			(26)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		337			341
Unpaid Contractual Principal Balance, With no related allowance		3,853			6,752
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		335		305
Average Recorded Investment, With no related allowance		4,603		3,826
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		4		4
Interest Income Recognized during Impairment, With no related allowance		13		14
Real estate | Construction
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0	[1]		0
Recorded Investment, With no related allowance		2,856	[1]		1,300
Related Allowance		0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0
Unpaid Contractual Principal Balance, With no related allowance		2,996			1,441
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	0		0
Average Recorded Investment, With no related allowance	[1]	2,078		1,355
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		20		0
Real estate | Construction | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0
Recorded Investment, With no related allowance		0			0
Related Allowance		0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0
Unpaid Contractual Principal Balance, With no related allowance		0			0
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0
Average Recorded Investment, With no related allowance		0		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		0		0
Commercial business
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		19,538	[1]		26,543
Recorded Investment, With no related allowance		9,902	[1]		8,675
Related Allowance		(2,479)			(4,493)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		19,698			27,161
Unpaid Contractual Principal Balance, With no related allowance		13,509			9,472
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	23,041		35,742
Average Recorded Investment, With no related allowance	[1]	9,289		8,950
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		195		265
Interest Income Recognized during Impairment, With no related allowance		30		41
Commercial business | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		774			294
Recorded Investment, With no related allowance		245			141
Related Allowance		(122)			(73)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		828			339
Unpaid Contractual Principal Balance, With no related allowance		313			386
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		534		576
Average Recorded Investment, With no related allowance		193		672
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		5		3
Interest Income Recognized during Impairment, With no related allowance		1		8
Trade finance
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0	[1]		2,111
Recorded Investment, With no related allowance		4,450	[1]		3,918
Related Allowance		0			(864)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			2,156
Unpaid Contractual Principal Balance, With no related allowance		4,450			3,918
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	1,055		10,314
Average Recorded Investment, With no related allowance	[1]	4,184		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		94
Interest Income Recognized during Impairment, With no related allowance		51		0
Trade finance | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0
Recorded Investment, With no related allowance		0			0
Related Allowance		0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0
Unpaid Contractual Principal Balance, With no related allowance		0			0
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0
Average Recorded Investment, With no related allowance		0		0
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		0		0
Consumer and other
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		82	[1]		91
Recorded Investment, With no related allowance		905	[1]		1,073
Related Allowance		(40)			(50)
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		82			91
Unpaid Contractual Principal Balance, With no related allowance		923			1,136
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance	[1]	87		128
Average Recorded Investment, With no related allowance	[1]	989		1,228
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		1		1
Interest Income Recognized during Impairment, With no related allowance		7		7
Consumer and other | Acquired
Impaired Loans, Recorded Investment
Recorded Investment, With related allowance		0			0
Recorded Investment, With no related allowance		272			431
Related Allowance		0			0
Impaired Loans, Unpaid Principal Balance
Unpaid Contractual Principal Balance, With related allowance		0			0
Unpaid Contractual Principal Balance, With no related allowance		281			$ 484
Impaired Loans, Average Recorded Investment
Average Recorded Investment, With related allowance		0		0
Average Recorded Investment, With no related allowance		351		557
Impaired Loans, Interest Income Recognized during Impairment
Interest Income Recognized during Impairment, With related allowance		0		0
Interest Income Recognized during Impairment, With no related allowance		$ 2		$ 2

[1] Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

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Loans Receivable and Allowance for Loan Losses - Past Due Financing Receivables (Details) - USD ($) $ in Thousands		Mar. 31, 2017		Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 20,707		$ 18,342
Total Delinquent loans		57,716		58,416
Guaranteed portion of delinquent SBA loans excluded from Nonaccrual loans		15,200		15,900
Nonaccrual loans less than 30 days past due		37,009		40,074
Legacy
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		14,451		13,278
Total Delinquent loans		42,360		42,222
Nonaccrual loans less than 30 days past due		27,909		28,944
Legacy | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,306		1,373
Total Delinquent loans		10,461		10,744
Nonaccrual loans less than 30 days past due	[1]	9,155		9,371
Legacy | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		500
Total Delinquent loans		528		2,556
Nonaccrual loans less than 30 days past due	[1]	528		2,056
Legacy | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		570		509
Total Delinquent loans		798		738
Nonaccrual loans less than 30 days past due	[1]	228		229
Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		6,256	[2]	5,064	[3]
Total Delinquent loans		15,356	[3]	16,194
Nonaccrual loans less than 30 days past due		9,100		11,130
Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		360	[2]	1,987	[3]
Total Delinquent loans		795	[2]	2,332	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	435		345
Acquired | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Total Delinquent loans		0	[2]	0	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	0		0
Acquired | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		684	[2]	356	[3]
Total Delinquent loans		798	[2]	905	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	114		549
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		15,447		10,268
30 to 59 Days Past Due | Legacy
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		10,198		6,253
30 to 59 Days Past Due | Legacy | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		640		558
30 to 59 Days Past Due | Legacy | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
30 to 59 Days Past Due | Legacy | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		229		146
30 to 59 Days Past Due | Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		5,249	[2]	4,015	[3]
30 to 59 Days Past Due | Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		360	[2]	1,303	[3]
30 to 59 Days Past Due | Acquired | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
30 to 59 Days Past Due | Acquired | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		684	[2]	331	[3]
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		4,985		7,769
60 to 89 Days Past Due | Legacy
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		3,978		6,720
60 to 89 Days Past Due | Legacy | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		666		815
60 to 89 Days Past Due | Legacy | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		500
60 to 89 Days Past Due | Legacy | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		66		58
60 to 89 Days Past Due | Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,007	[2]	1,049	[3]
60 to 89 Days Past Due | Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	684	[3]
60 to 89 Days Past Due | Acquired | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
60 to 89 Days Past Due | Acquired | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	25	[3]
90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		275		305
90 or More Days Past Due | Legacy
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		275		305
90 or More Days Past Due | Legacy | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
90 or More Days Past Due | Legacy | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
90 or More Days Past Due | Legacy | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		275		305
90 or More Days Past Due | Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
90 or More Days Past Due | Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
90 or More Days Past Due | Acquired | Trade finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
90 or More Days Past Due | Acquired | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Less than 30 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans less than 30 days past due		15,600		18,300
Residential | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Total Delinquent loans		0		0
Nonaccrual loans less than 30 days past due	[1]	0		0
Residential | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Total Delinquent loans		0	[2]	679	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	0		679
Residential | 30 to 59 Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Residential | 30 to 59 Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Residential | 60 to 89 Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Residential | 60 to 89 Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Residential | 90 or More Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Residential | 90 or More Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | Legacy | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		938		480
Total Delinquent loans		3,595		4,152
Nonaccrual loans less than 30 days past due	[1]	2,657		3,672
Commercial & industrial | Legacy | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		4,528		4,973
Total Delinquent loans		8,744		6,365
Nonaccrual loans less than 30 days past due	[1]	4,216		1,392
Commercial & industrial | Legacy | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		947		362
Total Delinquent loans		4,489		4,052
Nonaccrual loans less than 30 days past due	[1]	3,542		3,690
Commercial & industrial | Legacy | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Total Delinquent loans		1,247		1,305
Nonaccrual loans less than 30 days past due	[1]	1,247		1,305
Commercial & industrial | Legacy | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,085		697
Total Delinquent loans		3,007		2,619
Nonaccrual loans less than 30 days past due	[1]	1,922		1,922
Commercial & industrial | Legacy | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		5,077		2,871
Total Delinquent loans		8,191		6,878
Nonaccrual loans less than 30 days past due	[1]	3,114		4,007
Commercial & industrial | Acquired | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,809	[2]	1,611	[3]
Total Delinquent loans		3,387	[2]	3,482	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	1,578		1,871
Commercial & industrial | Acquired | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,546	[2]	95	[3]
Total Delinquent loans		6,214	[2]	4,596	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	4,668		4,501
Commercial & industrial | Acquired | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	408	[3]
Total Delinquent loans		47	[2]	1,401	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	47		993
Commercial & industrial | Acquired | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		354	[2]	0	[3]
Total Delinquent loans		516	[2]	48	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	162		48
Commercial & industrial | Acquired | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,406	[2]	257	[3]
Total Delinquent loans		1,406	[2]	257	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	0		0
Commercial & industrial | Acquired | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		97	[2]	350	[3]
Total Delinquent loans		2,193	[2]	2,494	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	2,096		2,144
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		938		480
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		3,341		1,836
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		947		362
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		57		0
Commercial & industrial | 30 to 59 Days Past Due | Legacy | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		4,046		2,871
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,156	[2]	1,611	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,546	[2]	95	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	68	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,406	[2]	257	[3]
Commercial & industrial | 30 to 59 Days Past Due | Acquired | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		97	[2]	350	[3]
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,187		3,137
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,028		697
Commercial & industrial | 60 to 89 Days Past Due | Legacy | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,031		0
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		653	[2]	0	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	340	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		354	[2]	0	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 60 to 89 Days Past Due | Acquired | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Legacy | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Hotel & motel
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Gas station & car wash
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Mixed use
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Industrial & warehouse
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Commercial & industrial | 90 or More Days Past Due | Acquired | Real estate | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Construction | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		1,513
Total Delinquent loans		1,300		2,813
Nonaccrual loans less than 30 days past due	[1]	1,300		1,300
Construction | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Total Delinquent loans		0	[2]	0	[3]
Nonaccrual loans less than 30 days past due	[1],[2]	0		0
Construction | 30 to 59 Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Construction | 30 to 59 Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Construction | 60 to 89 Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		1,513
Construction | 60 to 89 Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0	[2]	0	[3]
Construction | 90 or More Days Past Due | Legacy | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		0		0
Construction | 90 or More Days Past Due | Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 0	[2]	$ 0	[3]

[1] of delinquent SBA loans that are in liquidation totaling $15.2 million. Includes nonaccrual loans less than 30 days past due totaling $15.6 million.

[2] Acquired Loans exclude PCI loans.

[3] Acquired Loans exclude PCI loans.

XML

Loans Receivable and Allowance for Loan Losses - Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 10,551,550	$ 10,544,989
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	10,015,587	9,988,278
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	225,967	243,656
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	307,712	311,106
Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	2,284	1,949
Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	8,291,188	8,154,570
Real estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	58,166	57,884
Real estate | Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Loans	7,948,844	7,842,573
Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	284,178	254,113
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans	1,696,895	1,832,021
Trade finance
Financing Receivable, Recorded Investment [Line Items]
Loans	143,298	154,928
Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	420,169	403,470
Legacy
Financing Receivable, Recorded Investment [Line Items]
Loans	6,915,682	6,721,566
Legacy | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	6,620,270	6,430,967
Legacy | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	127,431	127,562
Legacy | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	167,748	162,942
Legacy | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	233	95
Legacy | Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	5,550,080	5,345,347
Legacy | Real estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	38,567	37,389
Legacy | Real estate | Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	36,883	34,283
Legacy | Real estate | Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	219	223
Legacy | Real estate | Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	1,465	2,883
Legacy | Real estate | Residential | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Retail
Financing Receivable, Recorded Investment [Line Items]
Loans	1,410,634	1,337,811
Legacy | Real estate | Commercial & industrial | Retail | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,373,943	1,303,452
Legacy | Real estate | Commercial & industrial | Retail | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	19,057	18,929
Legacy | Real estate | Commercial & industrial | Retail | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	17,634	15,430
Legacy | Real estate | Commercial & industrial | Retail | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Hotel & motel
Financing Receivable, Recorded Investment [Line Items]
Loans	1,195,724	1,209,498
Legacy | Real estate | Commercial & industrial | Hotel & motel | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,171,476	1,187,709
Legacy | Real estate | Commercial & industrial | Hotel & motel | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	15,238	12,763
Legacy | Real estate | Commercial & industrial | Hotel & motel | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	9,010	9,026
Legacy | Real estate | Commercial & industrial | Hotel & motel | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Gas station & car wash
Financing Receivable, Recorded Investment [Line Items]
Loans	651,577	654,231
Legacy | Real estate | Commercial & industrial | Gas station & car wash | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	637,755	643,282
Legacy | Real estate | Commercial & industrial | Gas station & car wash | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	10,280	7,259
Legacy | Real estate | Commercial & industrial | Gas station & car wash | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	3,542	3,690
Legacy | Real estate | Commercial & industrial | Gas station & car wash | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Mixed use
Financing Receivable, Recorded Investment [Line Items]
Loans	399,235	376,779
Legacy | Real estate | Commercial & industrial | Mixed use | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	396,870	375,312
Legacy | Real estate | Commercial & industrial | Mixed use | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	957	0
Legacy | Real estate | Commercial & industrial | Mixed use | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	1,408	1,467
Legacy | Real estate | Commercial & industrial | Mixed use | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Industrial & warehouse
Financing Receivable, Recorded Investment [Line Items]
Loans	552,449	522,103
Legacy | Real estate | Commercial & industrial | Industrial & warehouse | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	515,640	478,528
Legacy | Real estate | Commercial & industrial | Industrial & warehouse | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	21,839	29,830
Legacy | Real estate | Commercial & industrial | Industrial & warehouse | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	14,970	13,745
Legacy | Real estate | Commercial & industrial | Industrial & warehouse | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Commercial & industrial | Other
Financing Receivable, Recorded Investment [Line Items]
Loans	1,109,388	1,032,261
Legacy | Real estate | Commercial & industrial | Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,050,557	969,024
Legacy | Real estate | Commercial & industrial | Other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	22,967	22,220
Legacy | Real estate | Commercial & industrial | Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	35,864	41,017
Legacy | Real estate | Commercial & industrial | Other | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	192,506	175,275
Legacy | Real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	175,895	159,230
Legacy | Real estate | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	13,755	14,745
Legacy | Real estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	2,856	1,300
Legacy | Real estate | Construction | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans	1,094,373	1,114,131
Legacy | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,000,577	1,032,232
Legacy | Commercial business | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	18,973	15,919
Legacy | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	74,590	65,885
Legacy | Commercial business | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	233	95
Legacy | Trade finance
Financing Receivable, Recorded Investment [Line Items]
Loans	63,581	81,394
Legacy | Trade finance | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	53,839	68,051
Legacy | Trade finance | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	4,142	5,673
Legacy | Trade finance | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	5,600	7,670
Legacy | Trade finance | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Legacy | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	207,648	180,694
Legacy | Consumer and other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	206,835	179,864
Legacy | Consumer and other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	4	1
Legacy | Consumer and other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	809	829
Legacy | Consumer and other | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired
Financing Receivable, Recorded Investment [Line Items]
Loans	3,635,868	3,823,423
Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	3,395,317	3,557,311
Acquired | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	98,536	116,094
Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	139,964	148,164
Acquired | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	2,051	1,854
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	2,741,108	2,809,223
Acquired | Real estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	19,599	20,495
Acquired | Real estate | Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	19,330	18,007
Acquired | Real estate | Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	269	1,809
Acquired | Real estate | Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	679
Acquired | Real estate | Residential | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Commercial & industrial | Retail
Financing Receivable, Recorded Investment [Line Items]
Loans	780,074	803,435
Acquired | Real estate | Commercial & industrial | Retail | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	750,436	772,465
Acquired | Real estate | Commercial & industrial | Retail | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	11,996	9,860
Acquired | Real estate | Commercial & industrial | Retail | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	17,642	21,110
Acquired | Real estate | Commercial & industrial | Retail | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Commercial & industrial | Hotel & motel
Financing Receivable, Recorded Investment [Line Items]
Loans	345,616	352,048
Acquired | Real estate | Commercial & industrial | Hotel & motel | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	316,099	328,396
Acquired | Real estate | Commercial & industrial | Hotel & motel | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	11,955	5,419
Acquired | Real estate | Commercial & industrial | Hotel & motel | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	17,562	18,233
Acquired | Real estate | Commercial & industrial | Hotel & motel | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Commercial & industrial | Gas station & car wash
Financing Receivable, Recorded Investment [Line Items]
Loans	261,602	269,154
Acquired | Real estate | Commercial & industrial | Gas station & car wash | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	243,494	249,379
Acquired | Real estate | Commercial & industrial | Gas station & car wash | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	8,918	8,437
Acquired | Real estate | Commercial & industrial | Gas station & car wash | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	9,190	11,338
Acquired | Real estate | Commercial & industrial | Gas station & car wash | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Commercial & industrial | Mixed use
Financing Receivable, Recorded Investment [Line Items]
Loans	132,638	134,261
Acquired | Real estate | Commercial & industrial | Mixed use | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	117,453	118,643
Acquired | Real estate | Commercial & industrial | Mixed use | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	3,578	3,105
Acquired | Real estate | Commercial & industrial | Mixed use | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	11,599	12,505
Acquired | Real estate | Commercial & industrial | Mixed use | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	8	8
Acquired | Real estate | Commercial & industrial | Industrial & warehouse
Financing Receivable, Recorded Investment [Line Items]
Loans	345,505	362,222
Acquired | Real estate | Commercial & industrial | Industrial & warehouse | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	314,060	321,040
Acquired | Real estate | Commercial & industrial | Industrial & warehouse | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	14,694	31,819
Acquired | Real estate | Commercial & industrial | Industrial & warehouse | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	16,453	9,048
Acquired | Real estate | Commercial & industrial | Industrial & warehouse | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	298	315
Acquired | Real estate | Commercial & industrial | Other
Financing Receivable, Recorded Investment [Line Items]
Loans	764,402	788,770
Acquired | Real estate | Commercial & industrial | Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	712,484	736,385
Acquired | Real estate | Commercial & industrial | Other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	28,529	23,286
Acquired | Real estate | Commercial & industrial | Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	23,389	29,099
Acquired | Real estate | Commercial & industrial | Other | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	91,672	78,838
Acquired | Real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	91,672	78,838
Acquired | Real estate | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Real estate | Construction | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans	602,522	717,890
Acquired | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	549,059	649,186
Acquired | Commercial business | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	17,666	31,340
Acquired | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	35,700	37,265
Acquired | Commercial business | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	97	99
Acquired | Trade finance
Financing Receivable, Recorded Investment [Line Items]
Loans	79,717	73,534
Acquired | Trade finance | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	76,541	70,535
Acquired | Trade finance | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	17	61
Acquired | Trade finance | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	3,159	2,938
Acquired | Trade finance | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Acquired | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	212,521	222,776
Acquired | Consumer and other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	204,689	214,437
Acquired | Consumer and other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	914	958
Acquired | Consumer and other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	5,270	5,949
Acquired | Consumer and other | Doubtful or Loss
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,648	$ 1,432

XML

Loans Receivable and Allowance for Loan Losses - Loans Held For Investment - Reclassification to Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale or reclassification to held for sale	$ 9,451	$ 450
Commercial & industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale or reclassification to held for sale	8,699	0
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale or reclassification to held for sale	752	0
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale or reclassification to held for sale	$ 0	$ 450

XML

Loans Receivable and Allowance for Loan Losses - Allowance for Loans, by Portfolio Segment and Impairment Method (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Mar. 31, 2015
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 129,579	$ 140,361
Specific allowance	$ 5,079	$ 7,409
Loss coverage ratio	3.90%	5.30%
Non-impaired loans	$ 10,421,971	$ 10,404,628
General allowance	$ 73,580	$ 71,934
Loss coverage ratio	0.70%	0.70%
Total loans outstanding	$ 10,551,550	$ 10,544,989
Allowance for loan losses - Total	$ 78,659	$ 79,343	$ 79,343	$ 76,856	$ 76,408
Loss coverage ratio	0.70%	0.80%
Real estate
Loans by Portfolio Segment and Impairment Method [Abstract]
Total loans outstanding	$ 8,291,188	$ 8,154,570
Real estate | Residential
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	1,465	3,562
Specific allowance	0	0
Non-impaired loans	56,701	54,322
General allowance	$ 287	$ 209
Loss coverage ratio	0.50%	0.40%
Total loans outstanding	$ 58,166	$ 57,884
Allowance for loan losses - Total	$ 287	$ 209
Loss coverage ratio	0.50%	0.40%
Real estate | Commercial & industrial
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 90,381	$ 93,088
Specific allowance	$ 2,560	$ 2,002
Loss coverage ratio	2.80%	2.20%
Non-impaired loans	$ 7,858,463	$ 7,749,485
General allowance	$ 52,827	$ 47,915
Loss coverage ratio	0.70%	0.60%
Total loans outstanding	$ 7,948,844	$ 7,842,573
Allowance for loan losses - Total	$ 55,387	$ 49,917
Loss coverage ratio	0.70%	0.60%
Real estate | Construction
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 2,856	$ 1,300
Specific allowance	0	0
Non-impaired loans	281,322	252,813
General allowance	$ 1,710	$ 1,621
Loss coverage ratio	0.60%	0.60%
Total loans outstanding	$ 284,178	$ 254,113
Allowance for loan losses - Total	$ 1,710	$ 1,621
Loss coverage ratio	0.60%	0.60%
Commercial business
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 29,440	$ 35,218
Specific allowance	$ 2,479	$ 4,493
Loss coverage ratio	8.40%	12.80%
Non-impaired loans	$ 1,667,455	$ 1,796,803
General allowance	$ 15,944	$ 19,054
Loss coverage ratio	1.00%	1.10%
Total loans outstanding	$ 1,696,895	$ 1,832,021
Allowance for loan losses - Total	$ 18,423	$ 23,547
Loss coverage ratio	1.10%	1.30%
Trade finance
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 4,450	$ 6,029
Specific allowance	0	$ 864
Loss coverage ratio		14.30%
Non-impaired loans	138,848	$ 148,899
General allowance	$ 811	$ 1,033
Loss coverage ratio	0.60%	0.70%
Total loans outstanding	$ 143,298	$ 154,928
Allowance for loan losses - Total	$ 811	$ 1,897
Loss coverage ratio	0.60%	1.20%
Consumer and other
Loans by Portfolio Segment and Impairment Method [Abstract]
Impaired loans (gross carrying value)	$ 987	$ 1,164
Specific allowance	$ 40	$ 50
Loss coverage ratio	4.10%	4.30%
Non-impaired loans	$ 419,182	$ 402,306
General allowance	$ 2,001	$ 2,102
Loss coverage ratio	0.50%	0.50%
Total loans outstanding	$ 420,169	$ 403,470
Allowance for loan losses - Total	$ 2,041	$ 2,152
Loss coverage ratio	0.50%	0.50%
Acquired
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	$ 152	$ 186
Total loans outstanding	3,635,868	3,823,423
Acquired | Real estate
Loans by Portfolio Segment and Impairment Method [Abstract]
Total loans outstanding	2,741,108	2,809,223
Allowance for loan losses - Total	13,455	12,791	12,791	12,626	12,823
Acquired | Real estate | Residential
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	0	0
Total loans outstanding	19,599	20,495
Acquired | Real estate | Construction
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	0	0
Total loans outstanding	91,672	78,838
Acquired | Commercial business
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	122	73
Total loans outstanding	602,522	717,890
Allowance for loan losses - Total	944	117	117	154	214
Acquired | Trade finance
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	0	0
Total loans outstanding	79,717	73,534
Allowance for loan losses - Total	187	0	0	0	0
Acquired | Consumer and other
Loans by Portfolio Segment and Impairment Method [Abstract]
Specific allowance	0	0
Total loans outstanding	212,521	222,776
Allowance for loan losses - Total	$ 19	$ 36	$ 36	$ 60	$ 62

XML

Loans Receivable and Allowance for Loan Losses - Troubled Debt Restructurings on Financing Receivables (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2017 USD ($) loan	Mar. 31, 2016 USD ($) loan	Dec. 31, 2016 USD ($) loan
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	$ 66,105,000		$ 70,870,000
Number of modified contracts | loan	6	8
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 2,905,000	$ 13,317,000
Post-Modification	$ 2,358,000	$ 8,654,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	2	9
Balance	$ 113,000	$ 3,063,000
Specific reserves	2,000	2,100,000
Specific reserves for the TDRs	10,000	144,000
Charge offs	0	$ 30,000
Specific reserves allocated to TDRs	3,800,000		5,300,000
Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	20,255,000		22,521,000
Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	32,186,000		33,641,000
Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	13,664,000		14,708,000
TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	48,984,000		48,874,000
TDR on accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	16,482,000		16,387,000
TDR on accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	24,770,000		23,911,000
TDR on accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	7,732,000		8,576,000
TDR on non-accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	17,121,000		21,996,000
TDR on non-accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	3,773,000		6,134,000
TDR on non-accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	7,416,000		9,730,000
TDR on non-accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	$ 5,932,000		6,132,000
Commercial & industrial | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured			$ 25,054,000
Number of modified contracts | loan	20		20
Real estate | Commercial & industrial | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	$ 24,619,000		$ 25,054,000
Real estate | Commercial & industrial | TDR on accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	16,249,000		16,358,000
Real estate | Commercial & industrial | TDR on accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	2,302,000		1,840,000
Real estate | Commercial & industrial | TDR on accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	6,068,000		6,856,000
Real estate | Commercial & industrial | TDR on non-accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	9,844,000		11,320,000
Real estate | Commercial & industrial | TDR on non-accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	2,503,000		4,417,000
Real estate | Commercial & industrial | TDR on non-accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	1,774,000		1,313,000
Real estate | Commercial & industrial | TDR on non-accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	5,567,000		5,590,000
Commercial business | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	$ 19,781,000		$ 19,165,000
Number of modified contracts | loan	24		23
Commercial business | TDR on accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	$ 233,000		$ 29,000
Commercial business | TDR on accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	17,969,000		17,471,000
Commercial business | TDR on accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	1,579,000		1,665,000
Commercial business | TDR on non-accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	6,424,000		8,234,000
Commercial business | TDR on non-accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	1,270,000		1,717,000
Commercial business | TDR on non-accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	4,789,000		6,130,000
Commercial business | TDR on non-accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	365,000		387,000
Trade Finance and Other | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	4,584,000		4,655,000
Trade Finance and Other | TDR on accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	0		0
Trade Finance and Other | TDR on accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	4,499,000		4,600,000
Trade Finance and Other | TDR on accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	85,000		55,000
Trade Finance and Other | TDR on non-accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	853,000		2,442,000
Trade Finance and Other | TDR on non-accrual | Payment concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	0		0
Trade Finance and Other | TDR on non-accrual | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	853,000		2,287,000
Trade Finance and Other | TDR on non-accrual | Rate concession
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	0		155,000
Consumer and other | TDR on accrual
Financing Receivable, Modifications [Line Items]
Troubled debt restructured	$ 4,584,000		$ 4,655,000
Number of modified contracts | loan	24		19
Legacy
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	3	7
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 2,163,000	$ 13,287,000
Post-Modification	$ 1,700,000	$ 8,625,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1	8
Balance	$ 102,000	$ 3,001,000
Legacy | Real estate
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Legacy | Real estate | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans		2
Balance		$ 729,000
Legacy | Real estate | Retail
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Legacy | Real estate | Hotel & motel
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Legacy | Real estate | Gas station & car wash
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	2
Balance	$ 0	$ 729,000
Legacy | Real estate | Mixed use
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Legacy | Real estate | Industrial & warehouse
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Legacy | Real estate | Other
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	1	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 482,000	$ 0
Post-Modification	$ 482,000	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Legacy | Commercial business
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	2	6
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 1,681,000	$ 11,088,000
Post-Modification	$ 1,218,000	$ 7,039,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1	6
Balance	$ 102,000	$ 2,272,000
Legacy | Commercial business | Payment concession
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans	1	4
Balance	$ 102,000	$ 2,022,000
Legacy | Commercial business | Troubled Debt Restructuring Concession, Type, Maturity/ Amortization Concession [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans		2
Balance		$ 249,000
Legacy | Trade finance
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	1
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 2,199,000
Post-Modification	$ 0	$ 1,586,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Legacy | Consumer And Other Portfolio Segment [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Legacy | Consumer and other
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Acquired
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	3	1
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 742,000	$ 30,000
Post-Modification	$ 658,000	$ 29,000
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1	1
Balance	$ 11,000	$ 62,000
Charge offs	$ 100,000	$ 0
Acquired | Payment concession
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan		1
Balance		$ 62,000
Acquired | Real estate
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Acquired | Real estate | Retail
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Acquired | Real estate | Hotel & motel
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Acquired | Real estate | Gas station & car wash
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Acquired | Real estate | Mixed use
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	1
Balance	$ 0	$ 62,000
Acquired | Real estate | Industrial & warehouse
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Acquired | Real estate | Other
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	1	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 93,000	$ 0
Post-Modification	$ 97,000	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Acquired | Commercial business
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	2	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 649,000	$ 0
Post-Modification	$ 561,000	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	1	0
Balance	$ 11,000	$ 0
Acquired | Commercial business | Payment concession
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Balance	$ 11,000
Acquired | Trade finance
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	0
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 0
Post-Modification	$ 0	$ 0
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Acquired | Consumer And Other Portfolio Segment [Member]
Troubled Debt Restructuring, By Loan Class, Modified And Subsequent Payment Default
Number of Loans | loan	0	0
Balance	$ 0	$ 0
Acquired | Consumer and other
Financing Receivable, Modifications [Line Items]
Number of modified contracts | loan	0	1
Troubled Debt Restructuring, By Loan Class
Pre-Modification	$ 0	$ 30,000
Post-Modification	$ 0	$ 29,000

XML

Loans Receivable and Allowance for Loan Losses - Covered Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
FDIC Clawback Liability	$ 2,000
Covered Nonperforming Assets
Covered loans on non-accrual status	181	$ 189
Covered other real estate owned	1,400	2,306
Total covered nonperforming assets	1,581	2,495
Acquired covered loans	$ 32,010	$ 32,367

XML

Loans Receivable and Allowance for Loan Losses - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Financing Receivable, Allowance for Credit Losses [Line Items]
Positive or negative qualitative adjustment of the Loss Migration Ratio	0.50%
Provision for loan losses	$ 5,600	$ 500
Commitment to lend	3,434		$ 3,194
Recognized provision for credit losses related to unfunded commitments	241	(570)
Charge offs	0	30
Acquired
Financing Receivable, Allowance for Credit Losses [Line Items]
Provision for PCI loan losses	734
Provision for loan losses	1,891
Charge offs	$ 100	$ 0

XML

Deposits (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Deposits Disclosure [Line Items]
Time Deposits, $250,000 or More	$ 1,560.0	$ 1,550.0
California State Treasurer
Deposits Disclosure [Line Items]
Time Deposits, $250,000 or More	300.0
Available-for-sale Securities Pledged as Collateral	355.7	371.6
Interest-bearing Domestic Deposit, Brokered	$ 714.4	$ 724.7

XML

Borrowings - Maturities of FHLB Borrowings (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Extinguishment of Debt [Line Items]
Total	$ 703,850	$ 754,290
Contractual Maturities
Extinguishment of Debt [Line Items]
Due within one year	220,103
Due after one year through five years	483,747
Total	703,850
Maturity/Put Date
Extinguishment of Debt [Line Items]
Due within one year	220,103
Due after one year through five years	483,747
Total	$ 703,850

XML

Borrowings - Narrative (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Percent of assets	25.00%
Maximum borrowing capacity	$ 3,360,000,000	$ 3,380,000,000
Percent outstanding advances	100.00%
Advances from FHLB	$ 703,850,000	754,290,000
Unused funds	$ 2,640,000,000
Percent of qualifying assets	95.00%
Putable
Debt Instrument [Line Items]
Advances from FHLB	$ 20,100,000	$ 20,200,000
Weighted Average
Debt Instrument [Line Items]
FHLB advances, interest rate	1.29%	1.22%
Minimum
Debt Instrument [Line Items]
FHLB advances, interest rate	0.84%
Maximum
Debt Instrument [Line Items]
FHLB advances, interest rate	2.02%
Mortgage Loans on Real Estate
Debt Instrument [Line Items]
Pledged as collateral	$ 5,500,000,000	$ 5,530,000,000
Qualifying Loans
Debt Instrument [Line Items]
Asset balance used to determine maximum borrowing capacity from federal reserve bank	651,700,000
Securities Investment
Debt Instrument [Line Items]
Asset balance used to determine maximum borrowing capacity from federal reserve bank	5,700,000
Amount outstanding	$ 0	$ 0

XML

Subordinated Debentures - Summary of Trust Preferred Securities and Debentures (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 100,067,000	$ 99,808,000
Trust Preferred Security Amount	126,000,000
Other assets
Subordinated Borrowing [Line Items]
Investment in common trust securities	3,900,000	$ 3,900,000
Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	126,000,000
Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 100,067,000
Nara Capital Trust III
Subordinated Borrowing [Line Items]
Initial Rate	4.28%
Nara Capital Trust III | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 5,000,000
Nara Capital Trust III | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 5,155,000
Nara Statutory Trust IV
Subordinated Borrowing [Line Items]
Initial Rate	3.87%
Nara Statutory Trust IV | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 5,000,000
Nara Statutory Trust IV | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 5,155,000
Nara Statutory Trust V
Subordinated Borrowing [Line Items]
Initial Rate	4.10%
Nara Statutory Trust V | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 10,000,000
Nara Statutory Trust V | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 10,310,000
Nara Statutory Trust VI
Subordinated Borrowing [Line Items]
Initial Rate	2.78%
Nara Statutory Trust VI | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 8,000,000
Nara Statutory Trust VI | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 8,248,000
Center Capital Trust I
Subordinated Borrowing [Line Items]
Initial Rate	3.87%
Center Capital Trust I | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 18,000,000
Center Capital Trust I | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 13,684,000
Wilshire Statutory Trust III [Member]
Subordinated Borrowing [Line Items]
Initial Rate	2.94%
Wilshire Statutory Trust III [Member] | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 20,000,000
Wilshire Statutory Trust III [Member] | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 15,158,000
Wilshire Statutory Trust III [Member]
Subordinated Borrowing [Line Items]
Initial Rate	2.53%
Wilshire Statutory Trust III [Member] | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 15,000,000
Wilshire Statutory Trust III [Member] | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 10,635,000
Wilshire Statutory Trust IV [Member]
Subordinated Borrowing [Line Items]
Initial Rate	2.51%
Wilshire Statutory Trust IV [Member] | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 25,000,000
Wilshire Statutory Trust IV [Member] | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 17,275,000
Saehan Capital Trust I [Member]
Subordinated Borrowing [Line Items]
Initial Rate	2.77%
Saehan Capital Trust I [Member] | Trust Preferred Security Amount
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 20,000,000
Saehan Capital Trust I [Member] | Subordinated Debentures Amount
Subordinated Borrowing [Line Items]
Carrying Value of Subordinated Debentures Amount	$ 14,447,000

XML

Subordinated Debentures - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 126,000,000
Right to defer consecutive payments of interest, maximum term	5 years
Other assets
Subordinated Borrowing [Line Items]
Investment in common trust securities	$ 3,900,000	$ 3,900,000
Trust Preferred Securities Subject to Mandatory Redemption
Subordinated Borrowing [Line Items]
Trust Preferred Security Amount	$ 126,000,000
Percent included in tier one capital, maximum	25.00%
Excess of percent threshold included in tier two capital	25.00%

XML

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability, Notional Amount	$ 263,153	$ 223,098
Derivative, Average Remaining Maturity	7 years 6 months 19 days	7 years 5 months
Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	$ 263,153	$ 223,098
Individual Counterparty [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fixed Interest Rate	4.34%	4.29%
Derivative, Variable Interest Rate	3.21%	3.06%
Derivative, Fair Value, Net	$ (1,623)	$ (1,565)
Corporation [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fixed Interest Rate	4.34%	4.29%
Derivative, Variable Interest Rate	3.21%	3.06%
Derivative, Fair Value, Net	$ 1,623	$ 1,565

XML

Derivative Financial Instruments - Summary of Derivative Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 263,153	$ 223,098
Interest Rate Lock Commitments [Member]
Derivative [Line Items]
Derivative, Notional Amount	17,500	23,700
Derivative Asset, Notional Amount	6,801	11,168
Derivative Asset, Fair Value	113	130
Derivative Liability, Notional Amount	0	1,810
Derivative Liability, Fair Value	0	(3)
Forward Contracts [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount	6,800	13,000
Derivative Asset, Notional Amount	626	3,223
Derivative Asset, Fair Value	0	17
Derivative Liability, Notional Amount	6,175	9,755
Derivative Liability, Fair Value	$ (40)	$ (38)

XML

Commitments and contingencies (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Supply Commitment [Line Items]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 53,954	$ 51,059
Loss Contingency Accrual	412	557
Interest Rate Lock Commitments [Member]
Supply Commitment [Line Items]
Derivative, Notional Amount	17,500	23,700
Short [Member] | Forward Contracts [Member]
Supply Commitment [Line Items]
Derivative, Notional Amount	6,800	13,000
Commitments to Extend Credit [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed	1,648,190	1,592,221
Standby Letters of Credit [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed	63,349	63,753
Letter of Credit [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed	71,573	52,125
Low Income Housing Tax Credit [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed	$ 31,530	$ 24,409

XML

Goodwill, Intangible Assets, and Servicing Assets - Intangible Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Jul. 29, 2016
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 463,975,000	$ 462,997,000
Goodwill impairment	0		$ 0
Gross Carrying Amount	25,605,000
Accumulated Amortization	(7,055,000)
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization expense related to core deposit intangible qssets	$ 676,000		$ 212,000
Center Financial Corporation | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization period	7 years
Gross Carrying Amount	$ 4,100,000
Accumulated Amortization	$ (3,755,000)
Pacific International Bancorp, Inc. | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization period	7 years
Gross Carrying Amount	$ 604,000
Accumulated Amortization	$ (484,000)
Foster Bankshares Inc | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization period	10 years
Gross Carrying Amount	$ 2,763,000
Accumulated Amortization	(1,417,000)
Wilshire Bancorp, Inc
Finite-Lived Intangible Assets [Line Items]
Goodwill	358,600,000			$ 358,574,000
Goodwill, acquired during period	359,000,000
Goodwill, Purchase Accounting Adjustments		(1,400,000)
Goodwill, Period Increase (Decrease)	$ 978,000	$ (1,400,000)
Wilshire Bancorp, Inc | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Amortization period	10 years
Gross Carrying Amount	$ 18,138,000
Accumulated Amortization	$ (1,399,000)

XML

Goodwill, Intangible Assets, and Servicing Assets - Servicing Assets (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Servicing Liability at Amortized Cost, Balance	$ 1,524,441		$ 1,547,110
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of period	26,457	$ 12,000	12,000
Additions through originations of servicing assets	1,296	777
Amortization	(1,812)	(921)
Balance at end of period	$ 25,941	$ 11,856	$ 26,457
SBA Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate	10.29%		9.85%
SBA Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Prepayment Speed	8.18%		8.05%
Mortgage Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate	9.66%		7.25%
Mortgage Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Prepayment Speed	7.71%		13.77%

XML

Income Taxes Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Income Tax Examination [Line Items]
INCOME TAX PROVISION	$ 22,999,000	$ 16,210,000
Pretax income	$ 59,209,000	$ 39,833,000
Effective income tax rate	38.84%	40.69%
Unrecognized tax benefits			$ 2,200,000
Interest accrued	$ 331,000		306,000
Penalties accrued	0		$ 0
Decrease in unrecognized tax benefits is reasonably possible	1,000,000
Tax effects of issuance of shares from various stock plans	73,000
Series of Individually Immaterial Business Acquisitions [Member]
Income Tax Examination [Line Items]
Interest accrued	$ 100,000

XML

Income Taxes Reconciliation of effective tax rate (Details)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Statutory tax rate	35.00%	35.00%
State taxes-net of federal tax effect	7.18%	7.32%
Affordable housing partnership investment tax credit	(2.93%)	(1.29%)
Bank owned life insurance	(0.16%)	(0.24%)
Municipal securities	(0.25%)	(0.21%)
Nondeductible transaction costs	0.08%	0.48%
Other	(0.08%)	(0.37%)
Effective income tax rate	38.84%	40.69%

XML

Fair Value Measurements - Assets and Liabilities Measured at Fair Value, Recurring (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Assets:
Securities available for sale, at fair value	$ 1,583,946,000	$ 1,556,740,000
Reclassification adjustments for gains realized in income	0
Collateralized Debt Obligations [Member]
Assets:
Securities available for sale, at fair value	9,998,000	12,008,000
GSE collateralized mortgage obligations
Assets:
Securities available for sale, at fair value	726,619,000	705,667,000
GSE mortgage-backed securities
Assets:
Securities available for sale, at fair value	732,692,000	728,041,000
Trust preferred securities
Assets:
Securities available for sale, at fair value	4,313,000	11,127,000
Municipal bonds
Assets:
Securities available for sale, at fair value	97,254,000	86,839,000
Mutual funds
Assets:
Securities available for sale, at fair value	13,070,000	13,058,000
Recurring basis | Collateralized Debt Obligations [Member]
Assets:
Securities available for sale, at fair value	9,998,000	12,008,000
Recurring basis | GSE collateralized mortgage obligations
Assets:
Securities available for sale, at fair value	726,619,000	705,667,000
Recurring basis | GSE mortgage-backed securities
Assets:
Securities available for sale, at fair value	732,692,000	728,041,000
Recurring basis | Trust preferred securities
Assets:
Securities available for sale, at fair value	4,313,000	11,127,000
Recurring basis | Municipal bonds
Assets:
Securities available for sale, at fair value	97,254,000	86,839,000
Recurring basis | Mutual funds
Assets:
Securities available for sale, at fair value	13,070,000	13,058,000
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Derivative Asset	0	0
Mortgage Banking Derivative Assets, at Fair Value	0	0
Mortgage Banking Derivative Liabilities, at Fair Value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized Debt Obligations [Member]
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | GSE collateralized mortgage obligations
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | GSE mortgage-backed securities
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Trust preferred securities
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal bonds
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mutual funds
Assets:
Securities available for sale, at fair value	13,070,000	13,058,000
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
Derivative Asset	(1,623,000)	(1,565,000)
Mortgage Banking Derivative Assets, at Fair Value	113,000	147,000
Mortgage Banking Derivative Liabilities, at Fair Value	40,000	41,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Collateralized Debt Obligations [Member]
Assets:
Securities available for sale, at fair value	9,998,000	12,008,000
Recurring basis | Significant Other Observable Inputs (Level 2) | GSE collateralized mortgage obligations
Assets:
Securities available for sale, at fair value	726,619,000	705,667,000
Recurring basis | Significant Other Observable Inputs (Level 2) | GSE mortgage-backed securities
Assets:
Securities available for sale, at fair value	732,692,000	728,041,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Trust preferred securities
Assets:
Securities available for sale, at fair value	4,313,000	11,127,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Municipal bonds
Assets:
Securities available for sale, at fair value	96,126,000	85,700,000
Recurring basis | Significant Other Observable Inputs (Level 2) | Mutual funds
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3)
Assets:
Derivative Asset	0	0
Mortgage Banking Derivative Assets, at Fair Value	0	0
Mortgage Banking Derivative Liabilities, at Fair Value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Collateralized Debt Obligations [Member]
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | GSE collateralized mortgage obligations
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | GSE mortgage-backed securities
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Trust preferred securities
Assets:
Securities available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Municipal bonds
Assets:
Securities available for sale, at fair value	1,128,000	1,139,000
Recurring basis | Significant Unobservable Inputs (Level 3) | Mutual funds
Assets:
Securities available for sale, at fair value	0	0
Estimate of Fair Value Measurement [Member] | Recurring basis
Assets:
Derivative Asset	(1,623,000)	(1,565,000)
Mortgage Banking Derivative Assets, at Fair Value	113,000	147,000
Mortgage Banking Derivative Liabilities, at Fair Value	$ 40,000	$ 41,000

XML

Fair Value Measurements - Summary of Derivative Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 263,153	$ 223,098
Interest Rate Lock Commitments [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	6,801	11,168
Derivative Asset, Fair Value	113	130
Derivative Liability, Notional Amount	0	1,810
Derivative Liability, Fair Value	0	(3)
Short [Member] | Forward Contracts [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	626	3,223
Derivative Asset, Fair Value	0	17
Derivative Liability, Notional Amount	6,175	9,755
Derivative Liability, Fair Value	$ (40)	$ (38)

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Fair Value Measurements - Rollforward of Level 3 Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Servicing Asset at Amortized Cost, Period Increase (Decrease)		$ 0
Municipal bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 1,139,000	1,166,000
Total (losses) or gains included in other comprehensive income	(11,000)	43,000
Ending Balance	$ 1,128,000	$ 1,209,000

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Fair Value Measurements - Assets Measured at Fair Value, Non-Recurring (Details) - Non-recurring basis - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Impaired loans at fair value - Real estate loans
Assets:
Assets	$ 65,125	$ 58,882
Impaired loans at fair value - Commercial business
Assets:
Assets	9,407	6,563
Impaired loans at fair value - Trade finance
Assets:
Assets	4,365	0
Impaired loans at fair value - Consumer
Assets:
Assets	97	253
Loans held for sale, net
Assets:
Assets	6,571	3,788
OREO
Assets:
Assets	19,096	21,990
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans at fair value - Real estate loans
Assets:
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans at fair value - Commercial business
Assets:
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans at fair value - Trade finance
Assets:
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans at fair value - Consumer
Assets:
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Loans held for sale, net
Assets:
Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | OREO
Assets:
Assets	0	0
Significant Other Observable Inputs (Level 2) | Impaired loans at fair value - Real estate loans
Assets:
Assets	0	0
Significant Other Observable Inputs (Level 2) | Impaired loans at fair value - Commercial business
Assets:
Assets	0	0
Significant Other Observable Inputs (Level 2) | Impaired loans at fair value - Trade finance
Assets:
Assets	0	0
Significant Other Observable Inputs (Level 2) | Impaired loans at fair value - Consumer
Assets:
Assets	0	0
Significant Other Observable Inputs (Level 2) | Loans held for sale, net
Assets:
Assets	6,571	3,788
Significant Other Observable Inputs (Level 2) | OREO
Assets:
Assets	0	0
Significant Unobservable Inputs (Level 3) | Impaired loans at fair value - Real estate loans
Assets:
Assets	65,125	58,882
Significant Unobservable Inputs (Level 3) | Impaired loans at fair value - Commercial business
Assets:
Assets	9,407	6,563
Significant Unobservable Inputs (Level 3) | Impaired loans at fair value - Trade finance
Assets:
Assets	4,365	0
Significant Unobservable Inputs (Level 3) | Impaired loans at fair value - Consumer
Assets:
Assets	97	253
Significant Unobservable Inputs (Level 3) | Loans held for sale, net
Assets:
Assets	0	0
Significant Unobservable Inputs (Level 3) | OREO
Assets:
Assets	$ 19,096	$ 21,990

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Fair Value Measurements - Total Net Gains Losses on Assets Measured at Fair Value on a Non-Recurring Basis (Details) - Non-recurring basis - Change during period - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Impaired loans at fair value - Real estate loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	$ (2,002)	$ 309
Impaired loans at fair value - Commercial business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	(974)	(2,672)
Impaired loans at fair value - Trade finance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	(712)	1,296
Impaired loans at fair value - Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	(266)	(62)
Loans held for sale, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	420	15
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), fair value	$ (595)	$ (577)

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Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Carrying Amount
Financial Assets:
FHLB stock	$ 21,203	$ 21,964
Level 1 | Carrying Amount
Financial Assets:
Cash and cash equivalents	461,068	437,334
Level 1 | Estimated Fair Value
Financial Assets:
Cash and cash equivalents	461,068	437,334
Level 2 | Carrying Amount
Financial Assets:
Loans held for sale	19,141	22,785
Customers' liabilities on acceptances	2,771	2,899
Financial Liabilities:
Noninterest-bearing deposits	2,963,947	2,900,241
Saving and other interest bearing demand deposits	3,771,155	3,703,352
Time deposits	3,968,675	4,038,442
FHLB advances	703,850	754,290
Subordinated debentures	100,067	99,808
Accrued interest payable	10,592	10,863
Bank's liabilities on acceptances outstanding	2,771	2,899
Level 2 | Estimated Fair Value
Financial Assets:
Loans held for sale	20,291	24,492
Customers' liabilities on acceptances	2,771	2,899
Financial Liabilities:
Noninterest-bearing deposits	2,963,947	2,900,241
Saving and other interest bearing demand deposits	3,771,155	3,703,352
Time deposits	3,963,545	4,036,664
FHLB advances	698,287	749,486
Subordinated debentures	100,067	99,808
Accrued interest payable	10,592	10,863
Bank's liabilities on acceptances outstanding	2,771	2,899
Level 2/3 | Carrying Amount
Financial Assets:
Accrued interest receivable	25,683	26,880
Level 2/3 | Estimated Fair Value
Financial Assets:
Accrued interest receivable	25,683	26,880
Level 3 | Carrying Amount
Financial Assets:
Loans receivable - net	10,471,008	10,463,989
Financial Liabilities:
Servicing Assets, Fair Value Disclosure	25,941
Level 3 | Estimated Fair Value
Financial Assets:
Loans receivable - net	10,633,834	10,666,642
Financial Liabilities:
Servicing Assets, Fair Value Disclosure	25,941
Other Investments [Member] | Level 2 | Carrying Amount
Financial Assets:
Interest bearing deposits in other financial institutions and other investments		44,202
Other Investments [Member] | Level 2/3 | Carrying Amount
Financial Assets:
Interest bearing deposits in other financial institutions and other investments	43,958
Other Investments [Member] | Level 2/3 | Estimated Fair Value
Financial Assets:
Interest bearing deposits in other financial institutions and other investments	$ 43,630	$ 43,773

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Stockholders' Equity - Discussion of Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 29, 2016	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Total stockholders’ equity		$ 1,878,047	$ 1,855,473	$ 961,982	$ 938,095
Wilshire Bancorp, Inc
Business Acquisition [Line Items]
Entity shares Issued per acquiree share	0.7034
Stock issued for acquisitions	55,500,000
Share price	$ 15.37
Hope common stock issued in exchange for Wilshire common stock	$ 852,939
Hope stock options issued in exchange Wilshire stock options	$ 3,370

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Stockholders' Equity - Discussion of Warrants (Details) - USD ($) $ / shares in Units, $ in Millions	May 20, 2015	Mar. 31, 2017	Mar. 31, 2016
Class of Warrant or Right [Line Items]
Dividend declared (in dollars per share)		$ 0.12	$ 0.11
Common Stock
Class of Warrant or Right [Line Items]
Potential repurchase		350,767
Redemption of common stock warrant	$ 1.2
Maximum number of shares callable by warrants		19,963

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Stockholders' Equity - Stockholders’ Equity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Jun. 30, 2016	Jun. 30, 2015
Stockholders’ Equity and Regulatory Matters [Abstract]
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	no
Accumulated other comprehensive income (loss)	$ (12,849)	$ 7,155	$ (14,657)	$ (14,657)	$ (1,832)
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments and Tax	3,132	15,592
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	1,324	6,605
Other comprehensive income (loss)	$ 1,808	$ 8,987

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Regulatory Matters (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Company
Total capital (to risk-weighted assets), Amount
Total Capital, Actual	$ 1,591,852,000	$ 1,578,690,000
Total Capital, Required For Capital Adequacy Purposes	925,708,000	926,076,000
Required for Capital Adequacy with Capital Buffer	1,070,350,000	998,425,000
Tier I capital (to risk-weighted assets), Amount
Tier I Capital, Actual (Risk Based)	1,509,758,000	1,496,153,000
Tier I Capital, Required For Capital Adequacy Purposes	694,281,000	694,557,000
Tier 1 Capital, Required for Capital Adequacy with Capital Buffer	838,923,000	766,906,000
Tier I capital (to average assets), Amount
Tier I Capital, Actual (Leverage)	1,509,758,000	1,496,153,000
Tier I Capital, Required For Capital Adequacy Purposes	$ 515,352,000	$ 520,947,000
Total capital and Tier I capital (to risk-weighted assets), Ratio
Total Capital (to Risk Weighted Assets), Actual	13.76%	13.64%
Total Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes	8.00%	8.00%
Total Capital (to Risk Weighted assets), Minimum Required for Capital Adequacy with Capital Buffer	9.25%	8.63%
Tier I Capital (to Risk Weighted Assets), Actual (Risk Based)	13.05%	12.92%
Tier I Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes (Risk Based)	6.00%	6.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum Required for Capital Adequacy with Capital Buffer	7.25%	6.625%
Tier I capital (to average assets), Ratio
Tier I Capital (to Average Assets), Actual (Leverage)	11.72%	11.49%
Tier I Capital (to Average Assets), Minimum For Capital Adequacy Purposes (Leverage)	4.00%	4.00%
Bank
Total capital (to risk-weighted assets), Amount
Total Capital, Actual	$ 1,571,333,000	$ 1,557,765,000
Total Capital, Required For Capital Adequacy Purposes	925,199,000	925,566,000
Required for Capital Adequacy with Capital Buffer	1,069,762,000	997,876,000
Required To Be Well Capitalized under Prompt Corrective Action Provisions	1,156,499,000	1,156,957,000
Tier I capital (to risk-weighted assets), Amount
Tier I Capital, Actual (Risk Based)	1,489,239,000	1,475,228,000
Tier I Capital, Required For Capital Adequacy Purposes	693,899,000	694,174,000
Tier 1 Capital, Required for Capital Adequacy with Capital Buffer	838,462,000	766,484,000
Tier I Capital, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Risk Based)	925,199,000	925,566,000
Tier I capital (to average assets), Amount
Tier I Capital, Actual (Leverage)	1,489,239,000	1,475,228,000
Tier I Capital, Required For Capital Adequacy Purposes	515,212,000	520,903,000
Tier I Capital, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Leverage)	$ 644,014,000	$ 651,129,000
Total capital and Tier I capital (to risk-weighted assets), Ratio
Total Capital (to Risk Weighted Assets), Actual	13.59%	13.46%
Total Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes	8.00%	8.00%
Total Capital (to Risk Weighted assets), Minimum Required for Capital Adequacy with Capital Buffer	9.25%	8.63%
Total Capital (to Risk Weighted Assets), Minimum to be Well Capitalized Under Prompt Corrective Action Provisions	10.00%	10.00%
Tier I Capital (to Risk Weighted Assets), Actual (Risk Based)	12.88%	12.75%
Tier I Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes (Risk Based)	6.00%	6.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum Required for Capital Adequacy with Capital Buffer	7.25%	6.625%
Tier I Capital (to Risk Weighted Assets), Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Risk Based)	8.00%	8.00%
Tier I capital (to average assets), Ratio
Tier I Capital (to Average Assets), Actual (Leverage)	11.56%	11.33%
Tier I Capital (to Average Assets), Minimum For Capital Adequacy Purposes (Leverage)	4.00%	4.00%
Tier I Capital (to Average Assets), Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Leverage)	5.00%	5.00%
Common Equity Tier 1 [Member] | Company
Tier I capital (to risk-weighted assets), Amount
Tier I Capital, Actual (Risk Based)	$ 1,413,592,000	$ 1,400,246,000
Tier I Capital, Required For Capital Adequacy Purposes	520,711,000	520,917,000
Tier 1 Capital, Required for Capital Adequacy with Capital Buffer	$ 665,353,000	$ 593,267,000
Total capital and Tier I capital (to risk-weighted assets), Ratio
Tier I Capital (to Risk Weighted Assets), Actual (Risk Based)	12.22%	12.10%
Tier I Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes (Risk Based)	4.50%	4.50%
Tier 1 Capital (to Risk Weighted Assets), Minimum Required for Capital Adequacy with Capital Buffer	5.75%	5.125%
Common Equity Tier 1 [Member] | Bank
Tier I capital (to risk-weighted assets), Amount
Tier I Capital, Actual (Risk Based)	$ 1,489,239,000	$ 1,475,228,000
Tier I Capital, Required For Capital Adequacy Purposes	520,425,000	520,630,740.0000
Tier 1 Capital, Required for Capital Adequacy with Capital Buffer	664,987,000	592,941,000
Tier I Capital, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Risk Based)	$ 751,724,437.4900	$ 752,022,180.0000
Total capital and Tier I capital (to risk-weighted assets), Ratio
Tier I Capital (to Risk Weighted Assets), Actual (Risk Based)	12.88%	12.75%
Tier I Capital (to Risk Weighted Assets), Minimum For Capital Adequacy Purposes (Risk Based)	4.50%	4.50%
Tier 1 Capital (to Risk Weighted Assets), Minimum Required for Capital Adequacy with Capital Buffer	5.75%	5.125%
Tier I Capital (to Risk Weighted Assets), Minimum to be Well Capitalized Under Prompt Corrective Action Provisions (Risk Based)	6.50%	6.50%