XML 88 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity
 9 Months Ended
Sep. 30, 2014
Stockholders’ Equity and Regulatory Matters [Abstract]  
Stockholders’ Equity
Stockholders’ Equity
In June 2012, the Company redeemed all of the Fixed Rate Cumulative Perpetual Preferred Stock issued under the U.S. Treasury Department's TARP Capital Purchase Program. As of September 30, 2014, a warrant held by the U.S. Treasury Department for the purchase of 345,334 shares of the Company's common stock remains outstanding.
In conjunction with the acquisition of PIB, the Company assumed a warrant (related to the TARP Capital Purchase Plan) to purchase shares of its common stock. At the acquisition date, the warrants were canceled and converted into a warrant to purchase BBCN Bancorp common stock which expires on December 12, 2018. As of September 30, 2014, the U.S. Treasury Department held the warrant for the purchase of 18,607 shares of the Company's common stock.
The Company's Board of Directors declared quarterly dividends of $0.10 per common share for the third quarter of 2014 and $0.05 per common share for the third quarter of 2013.
The following table presents the components of accumulated other comprehensive loss at September 30, 2014 and December 31, 2013:
 
September 30, 2014
 
December 31, 2013
 
(In thousands)
Net unrealized loss on securities available for sale
$
(1,573
)
 
$
(10,264
)
Net unrealized gain on interest-only strips
72

 
79

Total accumulated other comprehensive loss
$
(1,501
)
 
$
(10,185
)