Condensed Financial Statements Of Parent Company

12 Months Ended

Dec. 31, 2011

Condensed Financial Statements Of Parent Company [Abstract]

Condensed Financial Statements Of Parent Company

19. CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY

The following presents the unconsolidated financial statements of only the parent company, BBCN Bancorp, Inc., as of December 31:

STATEMENTS OF FINANCIAL CONDITION


	December 31,
	2011		2010
	(In thousands)
ASSETS:
Cash and cash equivalents	$	66,491	$	11,750
Other assets		5,553		4,197
Investment in bank subsidiary		778,234		382,976

TOTAL ASSETS	$	850,278	$	398,923

LIABILITIES:
Other borrowings	$	52,102	$	39,268
Accounts payable and other liabilities		2,236		1,092

Total liabilities		54,338		40,360
STOCKHOLDERS' EQUITY		795,940		358,563

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	850,278	$	398,923

STATEMENTS OF INCOME


	Years Ended December 31,
	2011			2010			2009
	(In thousands)
Interest income	$	0		$	13		$	50
Interest expense		1,906			1,851			2,022
Dividends from bank subsidiary		0			0			1,200
Other operating expense		5,024			2,263			1,530
Equity in undistributed earnings (losses) of bank subsidiary		31,508			(5,574	)		(5,242	)

Income (loss) before income tax benefit		24,578			(9,675	)		(7,544	)
Income tax benefit		(2,537	)		(2,436	)		(1,821	)

Net income (loss)	$	27,115		$	(7,239	)	$	(5,723	)

STATEMENTS OF CASH FLOWS


	Years Ended December 31,
	2011			2010			2009
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	27,115		$	(7,239	)	$	(5,723	)
Adjustments to reconcile net income to net cash from operating activities:
Amortization		20			20			21
Stock-based compensation expense		8			52			479
Change in other assets		(1,276	)		(730	)		2,758
Change in accounts payable and other liabilities		(238	)		479			(89	)
Equity in undistributed loss (earnings) of bank subsidiary		(31,508	)		5,574			5,242

Net cash from operating activities		(5,879	)		(1,844	)		2,688
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash and cash equivalents acquired through the merger		3,438			0			0
Investment in bank subsidiary		0			0			(65,600	)

Net cash from investing activities		3,438			0			(65,600	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of additional common stock		59,869			0			81,972
Issuance of additional stock pursuant to various stock plans		524			1,150			0
Tax effect on issuance of shares from stock plan		139			35			(463	)
Payments of cash dividends		(3,350	)		(3,351	)		(4,015	)

Net cash from financing activities		57,182			(2,166	)		77,494

NET CHANGE IN CASH AND CASH EQUIVALENTS		54,741			(4,010	)		14,582
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		11,750			15,760			1,178

CASH AND CASH EQUIVALENTS, END OF YEAR	$	66,491		$	11,750		$	15,760

- Definition

This element can be used to encapsulate the entire condensed financial information disclosure, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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