BUSINESS COMBINATIONS AND BRANCH SALES (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Acquired Assets and Assumed Liabilities Along with Summary of Acquisition Consideration as of Dates of Acquisition

The following table presents a summary of acquired assets and assumed liabilities along with a summary of the acquisition consideration as of the dates of acquisition:



	Acquisition and Date Acquired
	Renovation Ready		CS Financial		The Palisades Group		Private Bank of California
	January 31, 2014		October 31, 2013		September 10, 2013		July 1, 2013
	(In thousands)
Assets acquired:
Cash and due from banks	$	—	$	482	$	900	$	33,752
Interest-bearing deposits	—		—		5		—
Securities available for sale	—		—		—		219,298
Loans held for sale	—		4,982		—		—
Loans and leases receivable	—		—		—		385,256
Premises, equipment, and capital leases	—		704		—		1,501
Income tax receivable	—		—		—		682
Goodwill	2,240		7,178		—		15,126
Other intangible assets	760		690		—		10,400
Other assets	—		608		364		6,578
Total assets acquired	$	3,000	$	14,644	$	1,269	$	672,593
Liabilities assumed:
Deposits	$	—	$	—	$	—	$	561,890
Advances from Federal Home Loan Bank	—		—		—		41,833
Other liabilities	1,000		6,722		1,219		2,481
Total liabilities assumed	1,000		6,722		1,219		606,204
SBLF preferred stock assumed	—		—		—		10,000
Total consideration paid	$	2,000	$	7,922	$	50	$	56,389
Summary of consideration
Cash paid	$	1,000	$	1,500	$	50	$	28,077
Common stock issued	1,000		1,964		—		28,282
Replacement awards	—		—		—		30
Noninterest-bearing note	—		3,150		—		—
Performance based equity	—		1,308		—		—
Earn-out liabilities	1,000		—		—		—

Unaudited Proforma Information

The following table presents unaudited pro forma information as if the acquisitions of PBOC, Palisades and CS Financial had occurred on January 1, 2013 after giving effect to certain adjustments. The unaudited pro forma information for the three and nine months ended September 30, 2013 includes adjustments for interest income on loans and securities acquired, amortization of intangibles arising from the transaction, interest expense on deposits and borrowings acquired, and the related income tax effects. The information for the three and nine months ended September 30, 2014 reflects the Company's actual reported results for those periods.



	Three Months Ended September 30,					Nine Months Ended September 30,
	2014		2013			2014		2013
	(In thousands, except per share data)
Net interest income	$	38,186	$	26,977		$	108,946	$	74,369
Provision for loan and lease losses	$	2,780	$	2,125		6,817		7,054
Noninterest income	$	44,098	$	23,446		104,748		82,237
Noninterest expense	$	67,557	$	58,416		185,790		148,692
Income (loss) before income taxes	11,947		(10,118		)	21,087		860
Income tax expense (benefit)	721		(1,077		)	983		2,735
Net income (loss)	$	11,226	$	(9,041	)	$	20,104	$	(1,875	)
Basic earnings (loss) per total common share	$	0.31	$	(0.55	)	$	0.64	$	(0.20	)
Diluted earnings (loss) per total common share	$	0.30	$	(0.55	)	$	0.63	$	(0.20	)