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Condensed Financial Statements of Parent Company | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure | CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY The following presents the unconsolidated condensed statements of financial condition for only the parent company, Hope Bancorp, at December 31, 2024 and 2023: STATEMENTS OF FINANCIAL CONDITION
| December 31,
| 2024 |  | 2023
| (Dollars in thousands)
ASSETS: |  |  |
Cash and cash equivalents | $ | 20,798 |  |  | $ | 27,217 |
Other assets | 11,524 |  |  | 11,503 |
Investment in bank subsidiary | 2,212,861 |  |  | 2,191,747 |
Total assets | $ | 2,245,183 |  |  | $ | 2,230,467 |
LIABILITIES: |  |  |
Convertible notes, net | $ | 444 |  |  | $ | 444 |
Subordinated debentures, net | 109,140 |  |  | 107,825 |
Accounts payable and other liabilities | 1,094 |  |  | 955 |
Total liabilities | 110,678 |  |  | 109,224 |
Stockholders’ equity | 2,134,505 |  |  | 2,121,243 |
Total liabilities and stockholders’ equity | $ | 2,245,183 |  |  | $ | 2,230,467 |
The following presents the unconsolidated condensed statements of income for only the parent company, Hope Bancorp, for the years ended December 31, 2024, 2023, and 2022: STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
Interest income | $ | — |  |  | $ | — |  |  | $ | — |
Interest expense | (10,821) |  |  | (12,421) |  |  | (11,330) |
Noninterest income | — |  |  | 405 |  |  | — |
Noninterest expense | (11,348) |  |  | (6,808) |  |  | (7,212) |
Dividends from subsidiary, net | 75,000 |  |  | 260,500 |  |  | 133,000 |
Equity in undistributed earnings of subsidiary | 40,282 |  |  | (113,559) |  |  | 98,354 |
Income before income tax benefit | 93,113 |  |  | 128,117 |  |  | 212,812 |
Income tax benefit | 6,517 |  |  | 5,556 |  |  | 5,465 |
Net income | 99,630 |  |  | 133,673 |  |  | 218,277 |
Other comprehensive (loss) income, net of tax | (23,134) |  |  | 26,119 |  |  | (219,445) |
Comprehensive income (loss) | $ | 76,496 |  |  | $ | 159,792 |  |  | $ | (1,168) |
The following presents the unconsolidated condensed statements of cash flows for only the parent company, Hope Bancorp, for the years ended December 31, 2024, 2023, and 2022: STATEMENTS OF CASH FLOWS
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net income | $ | 99,630 |  |  | $ | 133,673 |  |  | $ | 218,277 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |
Amortization and capitalization | 1,315 |  |  | 1,602 |  |  | 2,150 |
Stock-based compensation expense | 312 |  |  | 340 |  |  | 502 |
Net gain on convertible notes repurchased | — |  |  | (405) |  |  | — |
Change in other assets | (22) |  |  | 186 |  |  | (307) |
Change in accounts payable and other liabilities | 139 |  |  | (353) |  |  | 368 |
Equity in undistributed earnings of bank subsidiary | (40,282) |  |  | 113,559 |  |  | (98,354) |
Net cash provided by operating activities | 61,092 |  |  | 248,602 |  |  | 122,636 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Proceeds from sale of equity investments | — |  |  | — |  |  | — |
Net cash provided by investing activities | — |  |  | — |  |  | — |
CASH FLOWS USED IN FINANCING ACTIVITIES: |  |  |  |  |
Issuance of additional stock pursuant to various stock plans | — |  |  | 1 |  |  | 531 |
Repurchase and repayment of convertible notes | — |  |  | (216,641) |  |  | — |
Purchase of treasury stock | — |  |  | — |  |  | (14,667) |
Payments of cash dividends | (67,511) |  |  | (67,125) |  |  | (67,126) |
Net cash used in financing activities | (67,511) |  |  | (283,765) |  |  | (81,262) |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (6,419) |  |  | (35,163) |  |  | 41,374 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 27,217 |  |  | 62,380 |  |  | 21,006 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | 20,798 |  |  | $ | 27,217 |  |  | $ | 62,380 |

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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/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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