Business Combinations (Tables)

9 Months Ended

Sep. 30, 2014

The following table presents loans acquired with deteriorated credit quality as of the date of acquisition:



	Foster		PIB
	(In thousands)
Contractually required principal and interest at acquisition	$	150,430	$	54,462
Contractual cash flows not expected to be collected (nonaccretable discount)	37,447		9,687
Expected cash flows at acquisition	112,983		44,775
Interest component of expected cash flows (accretable discount)	14,928		4,945
Fair value of acquired impaired loans	$	98,055	$	39,830

Pro Forma Information

The following unaudited combined pro forma information presents the operating results for the three and nine months ended September 30, 2014 and 2013, as if the Foster and PIB acquisitions had occurred on January 1, 2013:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
	(In thousands, except share data)
Net interest income	$	67,907	$	66,353	$	200,363	$	196,861
Net income	$	21,420	$	22,960	$	65,928	$	60,084
Pro forma earnings per share:
Basic	$	0.27	$	0.29	$	0.83	$	0.76
Diluted	$	0.27	$	0.29	$	0.83	$	0.75

Foster Bankshares Inc

Business Acquisition [Line Items]

Consideration Paid, Assets Acquired and Liabilities Assumed

The consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:



	(In thousands)
Consideration paid:
BBCN common stock issued in exchange for Foster common stock	$	2,609
Cash paid for the redemption of Foster common stock	2,042
Liability for unredeemed Foster common stock	116
Total consideration paid	$	4,767

Assets Acquired:
Cash and cash equivalents	$	42,883
Investment securities available for sale	4,844
Loans receivable	255,297
FRB and FHLB stock	1,714
OREO	14,251
Premises and equipment	4,733
Core deposit intangibles	2,763
Deferred tax assets, net	21,211
Other assets	2,353
Liabilities Assumed:
Deposits	(321,596		)
Borrowings	(18,045		)
Subordinated debentures	(15,309		)
Other liabilities	(5,857		)
Total identifiable net assets	$	(10,758	)
Excess of consideration paid over fair value of net assets acquired (goodwill)	$	15,525

Pacific International Bancorp, Inc.

Business Acquisition [Line Items]

Consideration Paid, Assets Acquired and Liabilities Assumed

In connection with the acquisition, the consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:



	(In thousands)
Consideration paid:
BBCN common stock issued	$	8,437
Cash in lieu of fractional shares paid to PIB stockholders	1
Redemption of Preferred Stock	7,475
Total consideration paid	$	15,913

Assets Acquired:
Cash and cash equivalents	$	25,968
Investment securities available for sale	7,810
Loans receivable	131,589
FRB and FHLB stock	1,829
OREO	3,418
Deferred tax assets, net	9,886
Core deposit intangibles	604
Other assets	2,514
Liabilities Assumed:
Deposits	(143,665		)
Borrowings	(14,698		)
Subordinated debentures	(4,108		)
Other liabilities	(5,116		)
Total identifiable net assets	$	16,031
Bargain purchase gain	$	118