BUSINESS COMBINATIONS AND BRANCH SALES (Tables)

12 Months Ended

Dec. 31, 2015

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

The following table summarizes the total consideration transferred as a part of the BPNA Branch Acquisition as well as the fair value adjustments to the BPNA balance sheet as of the respective acquisition date:



	November 8, 2014
	(In thousands)
Total Consideration				$	27,941
Net assets pre-acquisition				24,027
Fair value adjustments
Loans receivable	$	(19,526	)
Core Deposit Intangibles	15,777
Certificates of deposit purchase premium	(1,208		)
Premises and equipment	1,218
Total fair value adjustments				(3,739		)
Fair value of net assets acquired				20,288
Consideration paid in excess of fair value of net assets acquired (goodwill)				$	7,653

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
	Banco Popular Branches		Renovation Ready		CS Financial		The Palisades Group		Private Bank of California
	November 8, 2014		January 31, 2014		October 31, 2013		September 10, 2013		July 1, 2013
	(In thousands)
Assets acquired
Cash and due from banks	$	5,532	$	—	$	482	$	900	$	33,752
Interest-bearing deposits	—		—		—		5		—
Securities available-for-sale	—		—		—		—		219,298
Loans held-for-sale	—		—		4,982		—		—
Loans and leases receivable	1,065,088		—		—		—		385,256
Premises, equipment, and capital leases	9,002		—		704		—		1,501
Income tax receivable	—		—		—		—		682
Goodwill	7,653		2,239		7,178		—		15,126
Other intangible assets	15,777		761		690		—		10,400
Other assets	2,301		—		608		364		6,578
Total assets acquired	$	1,105,353	$	3,000	$	14,644	$	1,269	$	672,593
Liabilities assumed
Deposits	$	1,076,906	$	—	$	—	$	—	$	561,890
Advances from Federal Home Loan Bank	—		—		—		—		41,833
Other liabilities	506		1,000		6,722		1,219		2,481
Total liabilities assumed	1,077,412		1,000		6,722		1,219		606,204
SBLF preferred stock assumed	—		—		—		—		10,000
Total consideration paid	$	27,941	$	2,000	$	7,922	$	50	$	56,389
Summary of consideration
Cash paid	$	27,941	$	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, The Palisades Group, and CS Financial had occurred on January 1, 2013 after giving effect to certain adjustments. The unaudited pro forma information for the year ended December 31, 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.



	Year Ended December 31, 2013
	(In thousands, except per share data)
Net interest income	$	107,607
Provision for loan and lease losses	8,822
Noninterest income	118,459
Noninterest expense	207,513
Income before income taxes	9,731
Income tax expense	8,984
Net income	747
Preferred stock dividends	2,185
Net loss available to common stockholders	$	(1,438	)
Basic loss per total common share	$	(0.09	)
Diluted loss per total common share	$	(0.09	)