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PARENT COMPANY AND REGULATORY RESTRICTIONS (Tables) | 12 Months Ended
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Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of actual and required capital ratios as well as the minimum capital adequacy requirements applicable generally to all financial institutions | The following table sets forth actual and required capital and capital ratios for the Company and the bank, as well as the minimum capital adequacy requirements applicable generally to all financial institutions as of the dates indicated. The Company’s and the bank’s leverage capital, Tier 1, total risk-based capital ratios, and common equity Tier 1 (CET1) risk based capital as of December 31, 2017 were above the levels required for a "well-capitalized" regulatory designation.
| Actual |  | Minimum required for capital adequacy purposes |  | Minimum required to be well-capitalized
| Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
| (Dollars in thousands)
Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leverage capital | $ | 578,607 |  |  | 10.4 | % |  | $ | 223,646 |  |  | 4.0 | % |  | $ | 279,557 |  |  | 5.0 | %
Tier 1 risk-based capital | 578,607 |  |  | 14.7 |  |  | 236,721 |  |  | 6.0 |  |  | 315,628 |  |  | 8.0 |
Total risk-based capital | 628,068 |  |  | 15.9 |  |  | 315,628 |  |  | 8.0 |  |  | 394,535 |  |  | 10.0 |
CET1 risk-based capital | 490,861 |  |  | 12.4 |  |  | 177,541 |  |  | 4.5 |  |  | 256,448 |  |  | 6.5 |
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leverage capital | 562,460 |  |  | 10.6 |  |  | 211,383 |  |  | 4.0 |  |  | 264,229 |  |  | 5.0 |
Tier 1 risk-based capital | 562,460 |  |  | 14.2 |  |  | 237,157 |  |  | 6.0 |  |  | 316,209 |  |  | 8.0 |
Total risk-based capital | 612,202 |  |  | 15.5 |  |  | 316,209 |  |  | 8.0 |  |  | 395,261 |  |  | 10.0 |
CET1 risk-based capital | 485,268 |  |  | 12.3 |  |  | 177,868 |  |  | 4.5 |  |  | 256,920 |  |  | 6.5 |
Central Pacific Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leverage capital | 565,412 |  |  | 10.1 |  |  | 223,431 |  |  | 4.0 |  |  | 279,289 |  |  | 5.0 |
Tier 1 risk-based capital | 565,412 |  |  | 14.4 |  |  | 236,401 |  |  | 6.0 |  |  | 315,201 |  |  | 8.0 |
Total risk-based capital | 614,732 |  |  | 15.6 |  |  | 315,201 |  |  | 8.0 |  |  | 394,002 |  |  | 10.0 |
CET1 risk-based capital | 565,412 |  |  | 14.4 |  |  | 177,301 |  |  | 4.5 |  |  | 256,101 |  |  | 6.5 |
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leverage capital | 541,577 |  |  | 10.3 |  |  | 211,135 |  |  | 4.0 |  |  | 263,918 |  |  | 5.0 |
Tier 1 risk-based capital | 541,577 |  |  | 13.7 |  |  | 236,806 |  |  | 6.0 |  |  | 315,741 |  |  | 8.0 |
Total risk-based capital | 591,185 |  |  | 15.0 |  |  | 315,741 |  |  | 8.0 |  |  | 394,677 |  |  | 10.0 |
CET1 risk-based capital | 541,577 |  |  | 13.7 |  |  | 177,604 |  |  | 4.5 |  |  | 256,540 |  |  | 6.5 |
Schedule of condensed balance sheets |
| December 31,
| 2017 |  | 2016
| (Dollars in thousands)
Assets |  |  |  |  |
Cash and cash equivalents | $ | 13,931 |  |  | $ | 19,500 |
Investment securities available for sale | 825 |  |  | 660 |
Investment in subsidiary bank, at equity in underlying net assets | 572,101 |  |  | 569,898 |
Accrued interest receivable and other assets | 9,577 |  |  | 10,682 |
Total assets | $ | 596,434 |  |  | $ | 600,740 |
Liabilities and Equity |  |  |  |  |
Long-term debt | $ | 92,785 |  |  | $ | 92,785 |
Other liabilities | 3,614 |  |  | 3,280 |
Total liabilities | 96,399 |  |  | 96,065 |
Shareholders’ equity: |  |  |  |  |
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding none at December 31, 2017 and 2016 | — |  |  | — |
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding 30,024,222 and 30,796,243 shares at December 31, 2017 and 2016, respectively | 503,988 |  |  | 530,932 |
Surplus | 86,098 |  |  | 84,180 |
Accumulated deficit | (89,036 | ) |  | (108,941 | )
Accumulated other comprehensive income (loss) | (1,039 | ) |  | (1,521 | )
Total shareholders’ equity | 500,011 |  |  | 504,650 |
Non-controlling interest | $ | 24 |  |  | $ | 25 |
Total equity | $ | 500,035 |  |  | $ | 504,675 |
Total liabilities and equity | $ | 596,434 |  |  | $ | 600,740 |
Schedule of condensed statements of operations |
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
| (Dollars in thousands)
Income: |  |  |  |  |  |  |  |
Dividends from subsidiary bank | $ | 43,000 |  |  | $ | 29,965 |  |  | $ | 111,765 |
Interest income: |  |  |  |  |  |  |  |
Interest from subsidiary bank | 6 |  |  | 6 |  |  | 9 |
Other income | 150 |  |  | 100 |  |  | 91 |
Total income | 43,156 |  |  | 30,071 |  |  | 111,865 |
Expense: |  |  |  |  |  |  |  |
Interest on long-term debt | 3,479 |  |  | 3,005 |  |  | 2,626 |
Other expenses | 2,002 |  |  | 2,739 |  |  | 2,551 |
Total expenses | 5,481 |  |  | 5,744 |  |  | 5,177 |
Gain (loss) before income taxes and equity in undistributed income of subsidiaries | 37,675 |  |  | 24,327 |  |  | 106,688 |
Income tax expense (benefit) | (1,781 | ) |  | (2,467 | ) |  | 670 |
Income before equity in undistributed income of subsidiaries | 39,456 |  |  | 26,794 |  |  | 106,018 |
Equity in undistributed income (loss) of subsidiary bank | 1,748 |  |  | 20,198 |  |  | (60,150 | )
Net income | $ | 41,204 |  |  | $ | 46,992 |  |  | $ | 45,868 |
Schedule of condensed statements of cash flows |
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
| (Dollars in thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income | $ | 41,204 |  |  | $ | 46,992 |  |  | $ | 45,868 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Deferred income tax expense (benefit) | (442 | ) |  | 15,683 |  |  | 670 |
Equity in undistributed income (loss) of subsidiary bank | (1,748 | ) |  | (20,198 | ) |  | 60,150 |
Share-based compensation | 1,918 |  |  | 1,045 |  |  | 1,429 |
Other, net | 1,357 |  |  | (697 | ) |  | 983 |
Net cash provided by operating activities | 42,289 |  |  | 42,825 |  |  | 109,100 |
Cash flows from financing activities: |  |  |  |  |  |  |  |
Net proceeds from issuance of common stock and stock option exercises | — |  |  | 941 |  |  | 360 |
Repurchases of common stock | (26,559 | ) |  | (18,206 | ) |  | (93,533 | )
Dividends paid | (21,299 | ) |  | (18,619 | ) |  | (26,143 | )
Net cash used in financing activities | (47,858 | ) |  | (35,884 | ) |  | (119,316 | )
Net increase (decrease) in cash and cash equivalents | (5,569 | ) |  | 6,941 |  |  | (10,216 | )
Cash and cash equivalents at beginning of year | 19,500 |  |  | 12,559 |  |  | 22,775 |
Cash and cash equivalents at end of year | $ | 13,931 |  |  | $ | 19,500 |  |  | $ | 12,559 |

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