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PARENT COMPANY CONDENSED FINANCIAL STATEMENTS | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
PARENT COMPANY CONDENSED FINANCIAL STATEMENTS | NOTE 21 — PARENT COMPANY CONDENSED FINANCIAL STATEMENTS The financial information of East West Bancorp, Inc. as of December 31, 2015 and 2014 and for the years ended December 31, 2015, 2014 and 2013 are as follows: CONDENSED BALANCE SHEETS
($ in thousands) |  | December 31,
| 2015 |  | 2014
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 18,898 |  |  | $ | 211,053 |
Available-for-sale investment securities, at fair value |  | 8,731 |  |  | 8,370 |
Investment in subsidiaries (1) |  | 3,233,206 |  |  | 2,847,227 |
Tax credit investments, net |  | 47,488 |  |  | 41,054 |
Other assets |  | 46,894 |  |  | 22,474 |
TOTAL (1) |  | $ | 3,355,217 |  |  | $ | 3,130,178 |
LIABILITIES |  |  |  |  |  |
Long-term debt |  | $ | 206,084 |  |  | $ | 225,848 |
Other liabilities |  | 26,183 |  |  | 48,219 |
Total liabilities |  | 232,267 |  |  | 274,067 |
STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Common stock, $0.001 par value, 200,000,000 shares authorized; 164,246,517 and 163,772,218 shares issued in 2015 and 2014, respectively. |  | 164 |  |  | 164 |
Additional paid in capital |  | 1,701,295 |  |  | 1,677,767 |
Retained earnings (1) |  | 1,872,594 |  |  | 1,604,141 |
Treasury stock at cost—20,337,284 shares in 2015 and 20,189,989 shares in 2014. |  | (436,162 | ) |  | (430,198 | )
Accumulated other comprehensive (loss) income, net of tax |  | (14,941 | ) |  | 4,237 |
Total stockholders’ equity (1) |  | 3,122,950 |  |  | 2,856,111 |
TOTAL (1) |  | $ | 3,355,217 |  |  | $ | 3,130,178 |
(1) | Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. Please see Note 9 — Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Net to the Consolidated Financial Statements for additional information.
CONDENSED STATEMENTS OF INCOME
($ in thousands) |  | Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Dividends from subsidiaries |  | $ | 88 |  |  | $ | 111,701 |  |  | $ | 319,085 |
Other income |  | 625 |  |  | 7,414 |  |  | 821 |
Total income |  | 713 |  |  | 119,115 |  |  | 319,906 |
Interest expense |  | 4,636 |  |  | 4,823 |  |  | 3,436 |
Compensation and net occupancy reimbursement to subsidiary |  | 5,386 |  |  | 4,039 |  |  | 3,662 |
Other expense |  | 24,829 |  |  | 50,280 |  |  | 12,677 |
Total expense |  | 34,851 |  |  | 59,142 |  |  | 19,775 |
(Loss) income before income tax benefit and equity in undistributed income (loss) of subsidiaries |  | (34,138 | ) |  | 59,973 |  |  | 300,131 |
Income tax benefit |  | 30,849 |  |  | 80,674 |  |  | 22,885 |
Equity in undistributed income (loss) of subsidiaries (1) |  | 387,966 |  |  | 205,231 |  |  | (29,692 | )
Net income (1) |  | $ | 384,677 |  |  | $ | 345,878 |  |  | $ | 293,324 |
(1) | Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. Please see Note 9 — Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Net to the Consolidated Financial Statements for additional information.
CONDENSED STATEMENTS OF CASH FLOWS
($ in thousands) |  | Year Ended December 31,
| 2015 |  | 2014 |  | 2013
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net income (1) |  | $ | 384,677 |  |  | $ | 345,878 |  |  | $ | 293,324 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiaries (1) |  | (387,965 | ) |  | (317,620 | ) |  | (289,309 | )
Depreciation and amortization |  | 22,870 |  |  | 46,365 |  |  | 8,806 |
Gains on sales of available-for-sale investment securities and other investments |  | (20 | ) |  | (4,357 | ) |  | (161 | )
Tax benefit from stock compensation plans, net |  | (3,291 | ) |  | (6,513 | ) |  | (5,522 | )
Net change in other assets and other liabilities |  | (37,334 | ) |  | 186,382 |  |  | 293,112 |
Net cash (used in) provided by operating activities |  | (21,063 | ) |  | 250,135 |  |  | 300,250 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Net increase in tax credit investments |  | (35,633 | ) |  | (53,071 | ) |  | (12,970 | )
Purchases of: |  |  |  |  |  |  |  |  |
Available-for-sale investment securities |  | — |  |  | (9,000 | ) |  | (69,986 | )
Proceeds from sale of: |  |  |  |  |  |  |  |  |
Available-for-sale investment securities |  | 20 |  |  | 74,002 |  |  | — |
Net cash (used in) provided by investing activities |  | (35,613 | ) |  | 11,931 |  |  | (82,956 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from: |  |  |  |  |  |  |  |  |
Increase in long-term borrowings |  | — |  |  | — |  |  | 100,000 |
Issuance of common stock pursuant to various stock plans and agreements |  | 2,835 |  |  | 6,794 |  |  | 3,054 |
Payments for: |  |  |  |  |  |  |  |  |
Repayment of long-term debt |  | (20,000 | ) |  | (30,310 | ) |  | (10,310 | )
Repurchase of vested shares due to employee tax liability |  | (5,964 | ) |  | (10,326 | ) |  | (13,833 | )
Repurchase of shares of treasury stock pursuant to the Stock Repurchase Plan |  | — |  |  | — |  |  | (199,992 | )
Cash dividends on common stock |  | (115,641 | ) |  | (103,618 | ) |  | (82,862 | )
Cash dividends on preferred stock |  | — |  |  | — |  |  | (3,428 | )
Tax benefit from stock compensation plans, net |  | 3,291 |  |  | 6,513 |  |  | 5,522 |
Net cash used in financing activities |  | (135,479 | ) |  | (130,947 | ) |  | (201,849 | )
Net (decrease) increase in cash and cash equivalents |  | (192,155 | ) |  | 131,119 |  |  | 15,445 |
Cash and cash equivalents, beginning of year |  | 211,053 |  |  | 79,934 |  |  | 64,489 |
Cash and cash equivalents, end of year |  | $ | 18,898 |  |  | $ | 211,053 |  |  | $ | 79,934 |
Supplemental Cash Flow Information: |  |  |  |  |  |  |  |  |
Cash paid during the year for: |  |  |  |  |  |  |  |  |
Interest |  | $ | 4,254 |  |  | $ | 4,462 |  |  | $ | 3,292 |
Noncash financing activities: |  |  |  |  |  |  |  |  |
Conversion of preferred stock to common stock |  | $ | — |  |  | $ | — |  |  | $ | 83,027 |
Issuance of common stock related to acquisition |  | $ | — |  |  | $ | 190,830 |  |  | $ | — |
(1) | Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. Please see Note 9 — Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Net to the Consolidated Financial Statements for additional information.

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