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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Consideration Paid, Assets Acquired and Liabilities Assumed
The consideration paid, the assets acquired, and the liabilities assumed are summarized in the following table:
April 2, 2025
(Dollars in thousands)
Consideration paid:
Hope common stock issued in exchange for Territorial common stock$73,326 
Cash paid in lieu of fractional shares
Total consideration paid$73,331 
Assets acquired:
Cash and cash equivalents$86,902 
Investment securities AFS18,530 
Investment securities HTM516,665 
Loans receivable, net1,067,238 
FHLB and FRB stock11,697 
Premises and equipment16,715 
Accrued interest receivable5,218 
Deferred tax assets, net82,750 
BOLI49,896 
Operating lease ROU assets22,737 
Core deposit intangible (“CDI”)46,520 
Other assets3,099 
Liabilities assumed:
Deposits(1,670,633)
Borrowings(160,770)
Accrued interest payable(944)
Operating lease liabilities(21,115)
Other liabilities(17,640)
Total identifiable net assets acquired$56,865 
Excess of consideration paid over fair value of net assets acquired, or goodwill$16,466 
Schedule of PCD Loans Acquired
The acquired PCD loans are summarized in the following table:
April 2, 2025
(Dollars in thousands)
Amortized cost of acquired PCD loans$19,203 
Day 1 ACL on PCD loans(63)
Noncredit discount on PCD loans(3,757)
Fair value of acquired PCD loans$15,383 
Pro Forma Information
Unaudited Pro Forma for the Year Ended December 31,
20252024
(Dollars in thousands)
Revenue (Net interest income before provision for credit losses and noninterest income)$522,407 $528,957 
Net income74,329 107,948 
Merger-Related Expenses
Year ended December 31,
202520242023
(Dollars in thousands)
Merger-related provision for credit losses$553 $— $— 
Merger-related expenses21,229 4,604 —