XML 58 R42.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Investment Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract] |
Schedule of Available-for-sale and Held-to-maturity Securities Reconciliation | The following is a summary of investment securities as of the dates indicated:
| December 31, 2024 |  | December 31, 2023
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  |  |  | Fair Value |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
| (Dollars in thousands)
Debt securities AFS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 103,691 |  |  | $ | 21 |  |  | $ | (35) |  |  | $ | 103,677 |
U.S. Government agency and U.S. Government sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency securities | 4,000 |  |  | — |  |  | (43) |  |  |  |  | 3,957 |  |  | 4,000 |  |  | — |  |  | (100) |  |  | 3,900 |
CMOs | 861,179 |  |  | 152 |  |  | (139,425) |  |  |  |  | 721,906 |  |  | 888,631 |  |  | 367 |  |  | (141,279) |  |  | 747,719 |
MBS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | 473,099 |  |  | — |  |  | (86,039) |  |  |  |  | 387,060 |  |  | 499,431 |  |  | — |  |  | (79,133) |  |  | 420,298 |
Commercial | 466,929 |  |  | — |  |  | (56,078) |  |  |  |  | 410,851 |  |  | 445,207 |  |  | 113 |  |  | (53,432) |  |  | 391,888 |
Asset-backed securities | 103,081 |  |  | 157 |  |  | (14) |  |  |  |  | 103,224 |  |  | 150,992 |  |  | — |  |  | (1,322) |  |  | 149,670 |
Corporate securities | 23,254 |  |  | — |  |  | (2,560) |  |  |  |  | 20,694 |  |  | 23,302 |  |  | — |  |  | (3,868) |  |  | 19,434 |
Municipal securities | 191,138 |  |  | 28 |  |  | (15,615) |  |  |  |  | 175,551 |  |  | 314,554 |  |  | 5,698 |  |  | (11,779) |  |  | 308,473 |
Total investment securities AFS | $ | 2,122,680 |  |  | $ | 337 |  |  | $ | (299,774) |  |  |  |  | $ | 1,823,243 |  |  | $ | 2,429,808 |  |  | $ | 6,199 |  |  | $ | (290,948) |  |  | $ | 2,145,059 |
Debt securities HTM: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agency and U.S. Government sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MBS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 142,059 |  |  | $ | — |  |  | $ | (12,629) |  |  |  |  | $ | 129,430 |  |  | $ | 150,369 |  |  | $ | — |  |  | $ | (6,663) |  |  | $ | 143,706 |
Commercial | 110,326 |  |  | — |  |  | (8,632) |  |  |  |  | 101,694 |  |  | 113,543 |  |  | — |  |  | (6,731) |  |  | 106,812 |
Total investment securities HTM | $ | 252,385 |  |  | $ | — |  |  | $ | (21,261) |  |  |  |  | $ | 231,124 |  |  | $ | 263,912 |  |  | $ | — |  |  | $ | (13,394) |  |  | $ | 250,518 |
Schedule of Realized Gain (Loss) | The table below summarizes the proceeds from and gains and losses on the sales and calls of investment securities AFS, for the periods presented below.
| Twelve Months Ended December 31,
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
Proceeds from sales and calls of investment securities AFS | $ | 276,252 |  |  | $ | — |  |  | $ | — |
Gains from sales of investment securities AFS | $ | 2,908 |  |  | $ | — |  |  | $ | — |
Losses from sales of investment securities AFS | (1,972) |  |  | — |  |  | — |
Net gain on sales and calls of investment securities AFS | $ | 936 |  |  | $ | — |  |  | $ | — |
Interest Income | The following table presents a breakdown of interest income recorded for investment securities that are taxable and nontaxable.
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
Interest income on investment securities |  |  |  |  |
Taxable | $ | 65,285 |  |  | $ | 61,696 |  |  | $ | 50,043 |
Nontaxable | 3,264 |  |  | 4,367 |  |  | 2,177 |
Total | $ | 68,549 |  |  | $ | 66,063 |  |  | $ | 52,220 |
Investments Classified by Contractual Maturity Date | The amortized cost and estimated fair value of investment securities at December 31, 2024, by contractual maturity, are presented in the table below. Collateralized mortgage obligations, mortgage-backed securities, and asset-backed securities are presented by final maturity. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations, with or without call or prepayment penalties.
| Available for Sale |  | Held to Maturity
| Amortized Cost |  | Estimated Fair Value |  | Amortized Cost |  | Estimated Fair Value
| (Dollars in thousands)
Debt securities: |  |  |  |  |  |  |
Due within one year | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Due after one year through five years | 141,306 |  |  | 134,899 |  |  | 23,785 |  |  | 23,288 |
Due after five years through ten years | 130,997 |  |  | 123,088 |  |  | 8,815 |  |  | 8,348 |
Due after ten years | 1,850,377 |  |  | 1,565,256 |  |  | 219,785 |  |  | 199,488 |
Total | $ | 2,122,680 |  |  | $ | 1,823,243 |  |  | $ | 252,385 |  |  | $ | 231,124 |
Schedule of Gross Unrealized Losses and Estimated Fair Values of Investments | The following tables show the Company’s investments’ gross unrealized losses and estimated fair values, aggregated by investment category and the length of time that the individual securities have been in a continuous unrealized loss position as of the dates indicated. The length of time that the individual securities have been in a continuous unrealized loss position is not a factor in determining credit impairment.
|  | December 31, 2024
|  | Less than 12 months |  | 12 months or longer |  | Total
Description of Securities AFS |  | Number of Securities |  | Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Fair Value |  | Gross Unrealized Losses
|  | (Dollars in thousands)
U.S. Government agency and U.S. Government sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency securities |  | — |  |  | $ | — |  |  | $ | — |  |  | 1 |  |  | $ | 3,957 |  |  | $ | (43) |  |  | 1 |  |  | $ | 3,957 |  |  | $ | (43) |
CMOs |  | 7 |  |  | 59,661 |  |  | (527) |  |  | 95 |  |  | 636,472 |  |  | (138,898) |  |  | 102 |  |  | 696,133 |  |  | (139,425) |
MBS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | 2 |  |  | 19,183 |  |  | (1,029) |  |  | 63 |  |  | 367,877 |  |  | (85,010) |  |  | 65 |  |  | 387,060 |  |  | (86,039) |
Commercial |  | 10 |  |  | 70,728 |  |  | (2,406) |  |  | 57 |  |  | 340,123 |  |  | (53,672) |  |  | 67 |  |  | 410,851 |  |  | (56,078) |
Asset-backed securities |  | 1 |  |  | 5,007 |  |  | (14) |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 5,007 |  |  | (14) |
Corporate securities |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 20,694 |  |  | (2,560) |  |  | 6 |  |  | 20,694 |  |  | (2,560) |
Municipal securities |  | 18 |  |  | 77,119 |  |  | (3,348) |  |  | 39 |  |  | 83,515 |  |  | (12,267) |  |  | 57 |  |  | 160,634 |  |  | (15,615) |
Total |  | 38 |  |  | $ | 231,698 |  |  | $ | (7,324) |  |  | 261 |  |  | $ | 1,452,638 |  |  | $ | (292,450) |  |  | 299 |  |  | $ | 1,684,336 |  |  | $ | (299,774) |
|  | December 31, 2023
|  | Less than 12 months |  | 12 months or longer |  | Total
Description of Securities AFS |  | Number of Securities |  | Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Fair Value |  | Gross Unrealized Losses
|  | (Dollars in thousands)
U.S. Treasury securities |  | — |  |  | $ | — |  |  | $ | — |  |  | 1 |  |  | $ | 3,963 |  |  | $ | (35) |  |  | 1 |  |  | $ | 3,963 |  |  | $ | (35) |
U.S. Government agency and U.S. Government sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency securities |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 3,900 |  |  | (100) |  |  | 1 |  |  | 3,900 |  |  | (100) |
CMOs |  | 3 |  |  | 19,800 |  |  | (378) |  |  | 115 |  |  | 717,662 |  |  | (140,901) |  |  | 118 |  |  | 737,462 |  |  | (141,279) |
MBS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | — |  |  | — |  |  | — |  |  | 65 |  |  | 420,298 |  |  | (79,133) |  |  | 65 |  |  | 420,298 |  |  | (79,133) |
Commercial |  | 6 |  |  | 53,255 |  |  | (2,129) |  |  | 53 |  |  | 331,450 |  |  | (51,303) |  |  | 59 |  |  | 384,705 |  |  | (53,432) |
Asset-backed securities |  | — |  |  | — |  |  | — |  |  | 18 |  |  | 149,670 |  |  | (1,322) |  |  | 18 |  |  | 149,670 |  |  | (1,322) |
Corporate securities |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 19,434 |  |  | (3,868) |  |  | 6 |  |  | 19,434 |  |  | (3,868) |
Municipal securities |  | 11 |  |  | 42,760 |  |  | (263) |  |  | 42 |  |  | 91,707 |  |  | (11,516) |  |  | 53 |  |  | 134,467 |  |  | (11,779) |
Total |  | 20 |  |  | $ | 115,815 |  |  | $ | (2,770) |  |  | 301 |  |  | $ | 1,738,084 |  |  | $ | (288,178) |  |  | 321 |  |  | $ | 1,853,899 |  |  | $ | (290,948) |

X
- Definition Schedule of Available-for-sale and Held-to-maturity Securities Reconciliation + References No definition available. + Details
Name: | hope_ScheduleOfAvailableForSaleAndHeldToMaturitySecuritiesReconciliationTableTextBlock
Namespace Prefix: | hope_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration