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Condensed Financial Statements of Parent Company | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Statement of Parent Company | CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY The following presents the unconsolidated condensed financial statements of only the parent company, Hope Bancorp, as of December 31, 2018 and 2017: STATEMENTS OF FINANCIAL CONDITION
| December 31,
| 2018 |  | 2017
| (Dollars in thousands)
ASSETS: |  |  |
Cash and cash equivalents | $ | 12,593 |  |  | $ | 13,327 |
Equity investments | 525 |  |  | — |
Other assets | 5,704 |  |  | 10,763 |
Investment in bank subsidiary | 2,181,959 |  |  | 2,005,462 |
TOTAL ASSETS | $ | 2,200,781 |  |  | $ | 2,029,552 |
LIABILITIES: |  |  |
Convertible notes, net | $ | 194,543 |  |  | $ | — |
Subordinated debentures | 101,929 |  |  | 100,853 |
Accounts payable and other liabilities | 1,098 |  |  | 444 |
Total liabilities | 297,570 |  |  | 101,297 |
STOCKHOLDERS’ EQUITY | 1,903,211 |  |  | 1,928,255 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 2,200,781 |  |  | $ | 2,029,552 |
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Years Ended December 31,
| 2018 |  | 2017 |  | 2016
| (Dollars in thousands)
Interest income | $ | — |  |  | $ | — |  |  | $ | — |
Interest expense | (12,153 | ) |  | (5,089 | ) |  | (2,927 | )
Noninterest income | 525 |  |  | — |  |  | — |
Other operating expense | (4,855 | ) |  | (5,988 | ) |  | (9,826 | )
Equity in earnings of bank subsidiary | 201,162 |  |  | 146,397 |  |  | 121,996 |
Income before income tax benefit | 184,679 |  |  | 135,320 |  |  | 109,243 |
Income tax benefit | 4,910 |  |  | 4,125 |  |  | 4,504 |
Net income | 189,589 |  |  | 139,445 |  |  | 113,747 |
Other comprehensive loss, net of tax | (11,205 | ) |  | (3,527 | ) |  | (12,825 | )
Comprehensive income | $ | 178,384 |  |  | $ | 135,918 |  |  | $ | 100,922 |
STATEMENTS OF CASH FLOWS
| Years Ended December 31,
| 2018 |  | 2017 |  | 2016
| (Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net income | $ | 189,589 |  |  | $ | 139,445 |  |  | $ | 113,747 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |
Amortization | 4,118 |  |  | 1,045 |  |  | 558 |
Stock-based compensation expense | 300 |  |  | 523 |  |  | — |
Net gain on equity investments | (525 | ) |  | — |  |  | — |
Change in other assets | 4,534 |  |  | 665 |  |  | 2,172 |
Change in accounts payable and other liabilities | 653 |  |  | (17 | ) |  | (119 | )
Equity in undistributed earnings of bank subsidiary | (191,161 | ) |  | (76,397 | ) |  | (77,996 | )
Net cash from operating activities | 7,508 |  |  | 65,264 |  |  | 38,362 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Cash and cash equivalents acquired through the merger | — |  |  | — |  |  | 13,248 |
Net cash from investing activities | — |  |  | — |  |  | 13,248 |
CASH FLOWS USED IN FINANCING ACTIVITIES: |  |  |  |  |
Issuance of additional stock pursuant to various stock plans | 469 |  |  | 1,865 |  |  | — |
Proceeds from convertible notes, net of issuance fees | 212,920 |  |  | — |  |  | — |
Repurchase of shares of treasury stock | (150,000 | ) |  | — |  |  | — |
Payments of cash dividends | (71,631 | ) |  | (67,661 | ) |  | (42,493 | )
Net cash used in financing activities | (8,242 | ) |  | (65,796 | ) |  | (42,493 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | (734 | ) |  | (532 | ) |  | 9,117 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 13,327 |  |  | 13,859 |  |  | 4,742 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | 12,593 |  |  | $ | 13,327 |  |  | $ | 13,859 |

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- Definition The entire disclosure for condensed financial information, 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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