Pacific Premier Bancorp (PPBI) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	8-May-15
Document and Entity Information
Entity Registrant Name	PACIFIC PREMIER BANCORP INC
Entity Central Index Key	1028918
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		21,511,426
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONSOLIDATED_STATEMENTS_OF_FIN

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
ASSETS
Cash and due from banks	$178,096	$110,650	$124,143
Federal funds sold	275	275	276
Cash and cash equivalents	178,371	110,925	124,419
Investment securities available for sale	280,461	201,638	202,142
FHLB and other stock, at cost	30,586	17,067	14,104
Loans held for investment	2,131,387	1,628,622	1,325,372
Allowance for loan losses	-13,646	-12,200	-8,685
Loans held for investment, net	2,117,741	1,616,422	1,316,687
Accrued interest receivable	8,769	7,131	5,865
Other real estate owned	997	1,037	752
Premises and equipment	9,591	9,165	9,643
Deferred income taxes	12,815	9,383	9,180
Bank owned life insurance	38,377	26,822	26,240
Intangible assets	8,203	5,614	6,374
Goodwill	51,010	22,950	22,950
Other assets	16,079	10,743	6,926
TOTAL ASSETS	2,753,000	2,038,897	1,745,282
Deposit accounts:
Noninterest bearing checking	619,763	456,754	412,871
Interest-bearing:
Checking	130,869	131,635	137,285
Money market/savings	809,408	600,764	529,348
Retail Certificates of Deposit	406,649	365,168	350,690
Wholesale/brokered certificates of deposit	76,477	76,505	5,009
Total interest-bearing	1,423,403	1,174,072	1,022,332
Total deposits	2,043,166	1,630,826	1,435,203
FHLB advances and other borrowings	343,434	116,643	95,506
Subordinated debentures	70,310	70,310	10,310
Accrued expenses and other liabilities	22,843	21,526	15,403
TOTAL LIABILITIES	2,479,753	1,839,305	1,556,422
STOCKHOLDERS' EQUITY:
Common stock, $.01 par value; 25,000,000 shares authorized; 21,387,818 shares at March 31, 2015, 16,903,884 shares at December 31, 2014, and 17,224,977 shares at March 31, 2014 issued and outstanding	214	169	172
Additional paid-in capital	218,528	147,474	152,325
Retained earnings	53,220	51,431	37,447
Accumulated other comprehensive income (loss), net of tax (benefit) of $898 at March 31, 2015, $362 at December 31, 2014 and ($757) at March 31, 2014	1,285	518	-1,084
TOTAL STOCKHOLDERS' EQUITY	273,247	199,592	188,860
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$2,753,000	$2,038,897	$1,745,282

CONSOLIDATED_STATEMENTS_OF_FIN1

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Common stock, par value (in dollars per share)	$0.01	$0.01	$0.01
Common stock, shares authorized	25,000,000	25,000,000	25,000,000
Common stock, shares issued	21,387,818	17,224,977	16,903,884
Common stock, shares outstanding	21,387,818	17,224,977	16,903,884
Accumulated other comprehensive income (loss), tax (benefit) (in dollars)	$898	($757)	$362

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
INTEREST INCOME
Loans	$24,513	$16,585
Investment securities and other interest-earning assets	1,557	1,437
Total interest income	26,070	18,022
INTEREST EXPENSE
Deposits	1,606	1,069
FHLB advances and other borrowings	375	243
Subordinated debentures	971	75
Total interest expense	2,952	1,387
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	23,118	16,635
PROVISION FOR LOAN LOSSES	1,830	949
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	21,288	15,686
NONINTEREST INCOME
Loan servicing fees	901	856
Deposit fees	582	454
Net gain from sales of loans		548
Net gain from sales of investment securities	116	62
Other-than-temporary-impairment recovery (loss) on investment securities, net		13
Other income	427	119
Total noninterest income	2,026	2,052
NONINTEREST EXPENSE
Compensation and benefits	9,522	6,891
Premises and occupancy	1,829	1,588
Data processing and communications	702	1,131
Other real estate owned operations, net	48	13
FDIC insurance premiums	314	237
Legal, audit and professional expense	521	593
Marketing expense	603	176
Office and postage expense	499	369
Loan expense	193	184
Deposit expense	805	761
Merger related expense	3,992	626
Other expense	1,441	972
Total noninterest expense	20,469	13,541
NET INCOME BEFORE INCOME TAX	2,845	4,197
INCOME TAX	1,056	1,565
NET INCOME	$1,789	$2,632
EARNINGS PER SHARE
Basic (in dollars per share)	$0.09	$0.15
Diluted (in dollars per share)	$0.09	$0.15
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	20,091,924	17,041,594
Diluted (in shares)	20,382,832	17,376,001

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$1,789	$2,632
Other comprehensive income (loss), net of tax (benefit):
Unrealized holding gains (losses) on securities arising during the period, net of income taxes (benefits)	835	2,029
Reclassification adjustment for net gain on sale of securities included in net income, net of income taxes	-68	-36
Net unrealized gain (loss) on securities, net of income taxes	767	1,993
Comprehensive income	$2,556	$4,625

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Tax effect on unrealized holding gains (losses) on securities arising during the period	$584,000	$1,400,000
Income tax expense on reclassification adjustment for net gain on sale of securities included in net income	$48,000	$26,000

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-in Capital	Accumulated Retained Earnings	Accumulated Other Comprehensive Income	Total
In Thousands, except Share data, unless otherwise specified
Balance at Dec. 31, 2013	$166	$143,322	$34,815	($3,077)	$175,226
Balance (in shares) at Dec. 31, 2013	16,656,279
Increase (Decrease) in Stockholders' Equity
Net income			2,632		2,632
Other comprehensive income				1,993	1,993
Share-based compensation expense		181			181
Common stock repurchased and retired		-284			-284
Common stock repurchased and retired (in shares)	-3,936
Common stock issued	6	9,006			9,012
Common stock issued (in shares)	562,469
Exercise of stock options		100			100
Exercise of stock options (in shares)	10,165
Balance at Mar. 31, 2014	172	152,325	37,447	-1,084	188,860
Balance (in shares) at Mar. 31, 2014	17,224,977				17,224,977
Balance at Dec. 31, 2014	169	147,474	51,431	518	199,592
Balance (in shares) at Dec. 31, 2014	16,903,884				16,903,884
Increase (Decrease) in Stockholders' Equity
Net income			1,789		1,789
Other comprehensive income				767	767
Share-based compensation expense		200			200
Common stock issued	45	70,884			70,929
Common stock issued (in shares)	4,480,645
Warrant exercise		15			15
Warrant exercise (in shares)	2,456
Repurchase of common stock		-93			-93
Repurchase of common stock (in shares)	-5,833
Exercise of stock options		48			48
Exercise of stock options (in shares)	6,666
Balance at Mar. 31, 2015	$214	$218,528	$53,220	$1,285	$273,247
Balance (in shares) at Mar. 31, 2015	21,387,818				21,387,818

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$1,789	$2,632
Adjustments to net income:
Depreciation and amortization expense	610	549
Amortization of Loan Fees and Discounts	-357
Provision for loan losses	1,830	949
Share-based compensation expense	200	181
Loss on sale and disposal of premises and equipment		23
Loss on sale of other real estate owned		11
Write down of other real estate owned	40
Amortization of premium/(discounts) on securities held for sale, net	804	637
Accretion of loan mark-to-market discount from acquisition	-371	-579
Gain on sale of investment securities available for sale	-116	-62
Other-than-temporary impairment loss (recovery) on investment securities, net		-13
Gain on sale of loans held for investment		-548
Recoveries on loans	12	37
Principal payments from loans held for sale		31
Loss on loans held for sale		180
Deferred income tax provision		-703
Change in accrued expenses and other liabilities, net	1,144	-3,916
Income from bank owned life insurance, net	-279	-189
Change in accrued interest receivable and other assets, net	-4,934	-372
Net cash provided by (used in) operating activities	372	-1,152
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale and principal payments on loans held for investment	106,409	87,580
Decrease (increase) in undisbursed loan funds	-39,395	17,651
Purchase and origination of loans held for investment	-236,554	-108,020
Proceeds from sale of other real estate owned		423
Principal payments on securities available for sale	6,851	6,212
Purchase of securities available for sale	-40,077	-4,976
Proceeds from sale or maturity of securities available for sale	8,771	56,081
Investment in bank owned life insurance		-2,000
Purchases of premises and equipment	-525	-277
Redemption (purchase) of Federal Reserve Bank stock	506	-6
Redemption (purchase) of FHLB stock	-11,656	1,352
Cash acquired (disbursed) in acquisitions, net	2,961	-7,793
Net cash provided by (used in) investing activities	-202,709	46,227
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposit accounts	76,322	128,917
Repayment of FHLB advances and other borrowings, net		-176,202
Proceeds from FHLB advances	193,491
Proceeds from exercise of stock options	48	100
Warrants exercised	15
Repurchase of common stock	-93	-284
Net cash provided by (used in) financing activities	269,783	-47,469
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	67,446	-2,394
CASH AND CASH EQUIVALENTS, beginning of period	110,925	126,813
CASH AND CASH EQUIVALENTS, end of period	178,371	124,419
SUPPLEMENTAL CASH FLOW DISCLOSURES
Interest paid	3,853	1,104
Income taxes paid	3,700	3,500
Assets acquired (liabilities assumed and capital created) in acquisitions (See Note 4):
Investment securities	53,752
FHLB and Other Stock	2,369
Loans	332,893	78,833
Core deposit intangible	2,903
Deferred income tax	3,969
Bank owned life insurance	11,276
Goodwill	28,060	5,522
Fixed assets	2,134	74
Other assets	1,726	702
Deposits	-336,018
Other borrowings	-33,300	-67,617
Other liabilities	-1,796	-709
Common stock and additional paid-in capital	-70,929	-9,012
NONCASH INVESTING ACTIVITIES DURING THE PERIOD
Investment securities available for sale purchased and not settled		557
Loans held for sale transfer to loans held for investment		$2,936

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Basis of Presentation
Basis of Presentation
	Note 1 - Basis of Presentation
	The consolidated financial statements include the accounts of Pacific Premier Bancorp, Inc. (the “Corporation”) and its wholly owned subsidiaries, including Pacific Premier Bank (the “Bank”) (collectively, the “Company,” “we,” “our” or “us”).  All significant intercompany accounts and transactions have been eliminated in consolidation.
	In the opinion of management, the consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the Company’s financial position as of March 31, 2015, December 31, 2014, and March 31, 2014, the results of its operations and comprehensive income for the three months ended March 31, 2015 and 2014 and the changes in stockholders’ equity and cash flows for the three months ended March 31, 2015 and 2014.  Operating results or comprehensive income for the three months ended March 31, 2015 are not necessarily indicative of the results or comprehensive income that may be expected for any other interim period or the full year ending December 31, 2015.
	Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Annual Report”).
	The Company accounts for its investments in its wholly owned special purpose entity, PPBI Trust I, under the equity method whereby the subsidiary’s net earnings are recognized in the Company’s statement of operations.

Recently_Issued_Accounting_Pro

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
	Note 2 — Recently Issued Accounting Pronouncements
	Accounting Standards Adopted in 2015
	In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-01, Investments-Equity Method and Joint Ventures (Topic 323): “Accounting for Investments in Qualified Affordable Housing Projects.”  This Update permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met.  Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense.  This new guidance also requires new disclosures for all investors in these projects.  ASU No. 2014-01 is effective for interim and annual reporting periods beginning after December 15, 2014 for public business entities and after December 15, 2015 for non public business entities.  Upon adoption, the guidance must be applied retrospectively to all periods presented.  However, entities that used the effective yield method to account for investments in these projects before adoption may continue to do so for these pre-existing investments.  The Company currently accounts for such investments using the effective yield method and plans to do so for these pre-existing investments after adopting ASU No. 2014-01 on January 1, 2015.  The Company expects investments made after January 1, 2015 to meet the criteria required for the proportional amortization method and plans to make such an accounting election.  The Company adopted the provisions of ASU No. 2014-01 effective January 1, 2015.  The adoption had no impact on the Company’s Consolidated Financial Statements.
	In January 2014, the FASB issued ASU No. 2014-04, Receivables-Troubled Debt Restructuring By Creditors (Subtopic 310-40): “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.”  The objective of this guidance is to clarify when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized.  ASU No. 2014-04 states that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, ASU No. 2014-04 requires interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.  ASU No. 2014-04 is effective for interim and annual reporting periods beginning after December 15, 2014.  The Company adopted the provisions of ASU No. 2014-4 effective January 1, 2015.  The adoption had no impact on the Company’s Consolidated Financial Statements.
	In June 2014, the FASB issued ASU No. 2014-11, Transfers and Servicing (Topic 860):”Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.”  This Update aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as repurchase financings with the accounting for other typical repurchase agreements.  Going forward, these transactions would all be accounted for as secured borrowings.  The guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement, which has resulted in outcomes referred to as off-balance-sheet accounting.  The Update requires a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction.  The Update also requires expanded disclosures about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings.  The Update is effective for interim or annual period beginning after December 15, 2014.  All of the Company’s repurchase agreements are typical in nature (i.e., not repurchase-to-maturity transactions or repurchase agreements executed as a repurchase financing) and are accounted for as secured borrowings.  The Company adopted the provisions of ASU No. 2014-11 effective January 1, 2015.  The adoption had no impact on the Company’s Consolidated Financial Statements.
	In August 2014, the FASB issued ASU No. 2014-14 Receivables — Troubled Debt Restructurings by Creditors (Subtopic 310-40): “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure”.  This Update addresses classification of government-guaranteed mortgage loans, including those where guarantees are offered by the Federal Housing Administration (“FHA”), the U.S. Department of Housing and Urban Development (“HUD”), and the U.S. Department of Veterans Affairs (“VA”).  Although current accounting guidance stipulates proper measurement and classification in situations where a creditor obtains from a debtor, assets in satisfaction of a receivable (such as through foreclosure), current guidance does not specify how to measure and classify foreclosed mortgage loans that are government-guaranteed.  Under the provisions of this Update, a creditor would derecognize a mortgage loan that has been foreclosed upon, and recognize a separate receivable if the following conditions are met: (1) the loan has a government guarantee that is not separable from the loan before foreclosure, (2) At the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, (3) At the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed.  This Update is effective for interim and annual periods beginning after December 15, 2014 for public business entities and after December 15, 2015 for non public business entities.  The Company adopted the provisions of ASU No. 2014-14 effective January 1, 2015.  The adoption had no impact on the Company’s Consolidated Financial Statements.
	Accounting Standards Pending Adoption
	In August 2014, the FASB issued guidance within ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.  This Update provides guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern.  The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards.  This Update is effective for interim and annual periods ending after December 15, 2016.  The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Significant Accounting Policies
Significant Accounting Policies
	Note 3 — Significant Accounting Policies
	Certain Acquired Loans:  As part of business acquisitions, the Bank acquires certain loans that have shown evidence of credit deterioration since origination.  These acquired loans are recorded at the allocated fair value, such that there is no carryover of the seller’s allowance for loan losses.  Such acquired loans are accounted for individually.  The Bank estimates the amount and timing of expected cash flows for each purchased loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield).  The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non-accretable difference).  Over the life of the loan, expected cash flows continue to be estimated.  If the present value of expected cash flows is less than the carrying amount, a loss is recorded through the allowance for loan losses.  If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income.
	Goodwill and Core Deposit Intangible: Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date.  Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate the necessity for such impairment tests to be performed.  The Company has selected December 31 as the date to perform the annual impairment test.  Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values.  Goodwill is the only intangible asset with an indefinite life on our balance sheet.
	Core deposit intangible assets arising from whole bank acquisitions are amortized on an accelerated method over their estimated useful lives, which range from 6 to 10 years.
	Use of Estimates:  The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements.  Actual results could differ from those estimates.  The allowance for loan losses, the fair value of stock-based compensation awards, the fair values of financial instruments and the status of contingencies are particularly subject to change.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2015
Acquisitions
Acquisitions
	Note 4 —  Acquisitions
	The Company accounted for the following transactions under the acquisition method of accounting which requires purchased assets and liabilities assumed to be recorded at their respective fair values at the date of acquisition.  The Company determined the fair value of the core deposit intangible, securities and deposits with the assistance of third party valuations.  The fair value of other real estate owned (“OREO”) was based on recent appraisals of the properties.
	The estimated fair values in these acquisitions are subject to refinement as additional information relative to the closing date fair values become available through the measurement period, which can extend for up to one year after the closing date of the transaction.  While additional significant changes to the closing date fair values are not expected, any information relative to the changes in these fair values will be evaluated to determine if such changes are due to events and circumstances that existed as of the acquisition date.  During the measurement period, any such changes will be recorded as part of the closing date fair value.
	Independence Bank Acquisition
	On January 26, 2015, the Company completed its acquisition of Independence Bank (“IDPK”) in exchange for consideration valued at $78.5, which consisted of $6.1 million of cash consideration for IDPK common stockholders, $1.5 million of aggregate cash consideration to the holders of IDPK stock options and warrants, and the issuance of 4,480,645 shares of the Corporation’s common stock, which was valued at $70.9 million based on the closing stock price of the Company’s common stock on January 26, 2015 of $15.83 per share.
	IDPK was a Newport Beach, California based state-chartered bank.  The acquisition was an opportunity for the Company to strengthen its competitive position as one of the premier community banks headquartered in Southern California.  Additionally, the IDPK acquisition enhanced and connected the Company’s footprint in Southern California.
	Goodwill in the amount of $28.1 million was recognized in the IDPK acquisition.  Goodwill recognized in this transaction is not deductible for income tax purposes.
	The following table represents the assets acquired and liabilities assumed of IDPK as of January 26, 2015 and the provisional fair value adjustments and amounts recorded by the Company in 2015 under the acquisition method of accounting:
		IDBK			Fair Value			Fair
		Book Value			Adjustments			Value
		(dollars in thousands)
	ASSETS ACQUIRED
	Cash and cash equivalents	$	10,486					$	10,486
	Investment securities	56,503			(382		)	56,121
	Loans, gross	339,502			(6,609		)	332,893
	Allowance for loan losses	(3,301		)	3,301			—
	Deferred income taxes	3,252			717			3,969
	Bank owned life insurance	11,276						11,276
	Core deposit intangible	904			1,999			2,903
	Other assets	3,756			105			3,860
	Total assets acquired	$	422,378		$	(869	)	$	421,508
	LIABILITIES ASSUMED
	Deposits	$	335,685		$	333		$	336,018
	FHLB advances	33,300						33,300
	Other liabilities	1,916			(120		)	1,796
	Total liabilities assumed	370,901			213			371,114
	Excess of assets acquired over liabilities assumed	$	51,477		$	(1,082	)	50,394
	Consideration paid							78,454
	Goodwill recognized							$	28,060
	Infinity Franchise Holdings Acquisition
	On January 30, 2014, the Company completed its acquisition of Infinity Franchise Holdings, LLC (“Infinity Holdings”) and its wholly owned operating subsidiary Infinity Franchise Capital, LLC (“IFC” and together with Infinity Holdings, “IFH”), a national lender to franchisees in the quick service restaurant (“QSR”) industry, and other direct and indirect subsidiaries utilized in its business.  The value of the total consideration paid for the IFH acquisition was $17.4 million, which consisted of $8.3 million paid in cash and the issuance of 562,469 shares of the Corporation’s stock, which was valued at $16.02 per share as measured by the 10-day average closing price immediately prior to closing of the transaction.
	The acquisition of IFH further diversified our loan portfolio with commercial and industrial and owner-occupied commercial real estate loans, deployed excess liquidity into higher yielding assets, to positively impact our net interest margin and further leveraged our strong capital base.  The QSR franchisee lending business is a niche market that we believe provides attractive growth opportunities for the Company in the future.  IFH had no delinquent loans or adversely classified assets as of the acquisition date; and the acquisition was accretive to our 2014 earnings per share.
	Goodwill in the amount of $5.5 million was recognized in the IFH acquisition.  Goodwill represents the future economic benefits arising from net assets acquired that are not individually identified and separately recognized and is attributable to synergies expected to be derived from the combination of the two entities.  Goodwill recognized in this transaction is not deductible for income tax purposes.
	The following table represents the assets acquired and liabilities assumed of IFH as of January 30, 2014 and the provisional fair value adjustments and amounts recorded by the Company in 2014 under the acquisition method of accounting:
		IFH			Fair Value			Fair
		Book Value			Adjustments			Value
		(dollars in thousands)
	ASSETS ACQUIRED
	Cash and cash equivalents	$	555		$	—		$	555
	Loans, gross	78,833			—			78,833
	Deferred loan costs	1,082			(1,082		)	—
	Allowance for loan losses	(268		)	268			—
	Other assets	776			—			776
	Total assets acquired	$	80,978		$	(814	)	$	80,164
	LIABILITIES ASSUMED
	Bank loan	$	67,617		$	—		$	67,617
	Accrued compensation	495			—			495
	Other liabilities	214			—			214
	Total liabilities assumed	68,326			—			68,326
	Excess of assets acquired over liabilities assumed	$	12,652		$	(814	)	11,838
	Consideration paid							17,360
	Goodwill recognized							$	5,522
	There were no purchased credit impaired loans acquired from IFH.  For loans acquired from IFH and IDPK, the contractual amounts due, expected cash flows to be collected, interest component and fair value as of the respective acquisition dates were as follows:
		Acquired Loans
		IFH			IDPK
		(dollars in thousands)
	Contractual amounts due	$	98,320		$	453,987
	Cash flows not expected to be collected	—			3,795
	Expected cash flows	98,320			450,192
	Interest component of expected cash flows	19,487			117,299
	Fair value of acquired loans	$	78,833		$	332,893
	In accordance with generally accepted accounting principles, there was no carryover of the allowance for loan losses that had been previously recorded by IFH or IDPK.
	The operating results of the Company for the three months ending March 31, 2015 include the operating results of IDPK since the acquisition date.  The operating results of the Company for the three months ending March 31, 2014 include the operating results of IFH since the acquisition date.  The following table presents the net interest and other income, net income and earnings per share as if the acquisitions of IFH and IDPK were effective as of January 1, 2014.  There were no material, nonrecurring adjustments to the pro forma net interest and other income, net income and earnings per share presented below:
	Three months Ended March 31,
	2015			2014
Net interest and other income	$	24,687		$	19,715
Net income	802			3,028
Basic earnings per share	$	0.04		$	0.14
Diluted earnings per share	$	0.04		$	0.14

Investment_Securities

Investment Securities	3 Months Ended
	Mar. 31, 2015
Investment Securities
Investment Securities
	Note 5 — Investment Securities
	The amortized cost and estimated fair value of securities were as follows:
		March 31, 2015
		Amortized			Unrealized			Unrealized			Estimated
		Cost			Gain			Loss			Fair Value
		(in thousands)
	Investment securities available for sale:
	Municipal bonds	$	103,997		$	1,718		$	(192	)	$	105,523
	Mortgage-backed securities	174,281			1,097			(440		)	174,938
	Total securities available for sale	$	278,278		$	2,815		$	(632	)	$	280,461
		December 31, 2014
		Amortized			Unrealized			Unrealized			Estimated
		Cost			Gain			Loss			Fair Value
		(in thousands)
	Investment securities available for sale:
	Municipal bonds	$	88,599		$	1,235		$	(173	)	$	89,661
	Mortgage-backed securities	112,159			432			(614		)	111,977
	Total securities available for sale	$	200,758		$	1,667		$	(787	)	$	201,638
		March 31, 2014
		Amortized			Unrealized			Unrealized			Estimated
		Cost			Gain			Loss			Fair Value
		(in thousands)
	Investment securities available for sale:
	Municipal bonds	$	77,062		$	848		$	(586	)	77,324
	Mortgage-backed securities	126,921			65			(2,168		)	124,818
	Total securities available for sale	$	203,983		$	913		$	(2,754	)	$	202,142
	At March 31, 2015, the Company had $21.9 million in Federal Home Loan Bank (“FHLB”) stock, $5.4 million in Federal Reserve Bank (“FRB”) stock, and $3.3 million in other stock, all carried at cost.  During the three months ended March 31, 2015, the Company had net purchases of $13.5 million of FHLB stock through the FHLB stock purchase program.
	At March 31, 2015, mortgage-backed securities (“MBS”) with an estimated par value of $59.6 million and a fair value of $61.7 million were pledged as collateral for the Bank’s three reverse repurchase agreements which totaled $28.5 million and HOA reverse repurchase agreements which totaled $14.9 million.
	The table below shows the number, fair value and gross unrealized holding losses of the Company’s investment securities by investment category and length of time that the securities have been in a continuous loss position.
		March 31, 2015
		Less than 12 months								12 months or Longer								Total
							Gross								Gross						Gross
							Unrealized								Unrealized						Unrealized
				Fair			Holding					Fair			Holding				Fair		Holding
		Number		Value			Losses			Number		Value			Losses			Number	Value		Losses
		(dollars in thousands)
	Municipal bonds	48		$	20,818		$	(179	)	3		$	1,073		$	(13	)	51	$	21,891	$	(192	)
	Mortgage-backed securities	10		21,857			(66		)	3		15,111			(374		)	13	36,968		(440		)
	Total	58		$	42,675		$	(245	)	6		$	16,184		$	(387	)	64	$	58,859	$	(632	)
		December 31, 2014
		Less than 12 months								12 months or Longer								Total
							Gross								Gross						Gross
							Unrealized								Unrealized						Unrealized
				Fair			Holding					Fair			Holding				Fair		Holding
		Number		Value			Losses			Number		Value			Losses			Number	Value		Losses
		(dollars in thousands)
	Municipal bonds	35		$	18,129		$	(117	)	16		$	6,510		$	(56	)	51	$	24,639	$	(173	)
	Mortgage-backed securities	7		24,353			(105		)	4		18,842			(509		)	11	43,195		(614		)
	Total	42		$	42,482		$	(222	)	20		$	25,352		$	(565	)	62	$	67,834	$	(787	)
		March 31, 2014
		Less than 12 months								12 months or Longer								Total
							Gross								Gross						Gross
							Unrealized								Unrealized						Unrealized
				Fair			Holding					Fair			Holding				Fair		Holding
		Number		Value			Losses			Number		Value			Losses			Number	Value		Losses
		(dollars in thousands)
	Municipal bonds	74		$	36,765		$	(476	)	12		$	5,046		$	(110	)	86	$	41,811	$	(586	)
	Mortgage-backed securities	32		93,299			(1,422		)	1		12,312			(746		)	33	105,611		(2,168		)
	Total	106		$	130,064		$	(1,898	)	13		$	17,358		$	(856	)	119	$	147,422	$	(2,754	)
	The amortized cost and estimated fair value of investment securities available for sale at March 31, 2015, by contractual maturity are shown in the table below.
		One Year						More than One						More than Five Years					More than
		or Less						Year to Five Years						to Ten Years					Ten Years					Total
		Amortized			Fair			Amortized			Fair			Amortized			Fair		Amortized		Fair			Amortized		Fair
	Cost			Value			Cost			Value			Cost			Value		Cost		Value			Cost		Value
	(dollars in thousands)
Investment securities available for sale:
Municipal bonds	$	466		$	470		$	21,044		$	21,076		$	35,914		$	36,539	$	46,573	$	47,438		$	103,997	$	105,523
Mortgage-backed securities	—			—			251			255			27,988			28,208		146,042		146,475			174,281		174,938
Total investment securities available for sale	466			470			21,295			21,331			63,902			64,747		192,615		193,913			278,278		280,461
Any temporary impairment is a result of the change in market interest rates and not the underlying issuers’ ability to repay.  The Company has the intent and ability to hold these securities until the temporary impairment is eliminated.  Accordingly, the Company has not recognized the temporary impairment in earnings.
Unrealized gains and losses on investment securities available for sale are recognized in stockholders’ equity as accumulated other comprehensive income or loss.  At March 31, 2015, the Company had accumulated other comprehensive income of $2.2 million, or $1.3 million net of tax, compared to accumulated other comprehensive loss of $880,000 or $518,000 net of tax, at December 31, 2014.

Loans_Held_for_Investment

Loans Held for Investment	3 Months Ended
	Mar. 31, 2015
Loans Held for Investment
Loans Held for Investment
	Note 6 — Loans Held for Investment
	The following table sets forth the composition of our loan portfolio in dollar amounts at the dates indicated:
			March 31, 2015			December 31, 2014			March 31, 2014
			(in thousands)
	Business loans:
	Commercial and industrial		$	420,218		$	428,207		$	271,877
	Commercial owner occupied (1)		352,351			210,995			223,848
	SBA		49,855			28,404			11,045
	Warehouse facilities		216,554			113,798			81,033
	Real estate loans:
	Commercial non-owner occupied		452,422			359,213			333,490
	Multi-family		397,130			262,965			223,200
	One-to-four family (2)		116,735			122,795			141,469
	Construction		111,704			89,682			29,857
	Land		7,243			9,088			6,170
	Other loans		6,641			3,298			3,480
	Total gross loans (3)		2,130,853			1,628,445			1,325,469
	Less loans held for sale, net		—			—			—
	Total gross loans held for investment		2,130,853			1,628,445			1,325,469
	Deferred loan origination costs/(fees) and premiums/(discounts), net		534			177			(97		)
	Allowance for loan losses		(13,646		)	(12,200		)	(8,685		)
	Loans held for investment, net		$	2,117,741		$	1,616,422		$	1,316,687
	(1) Majority secured by real estate.
	(2) Includes second trust deeds.
	(3) Total gross loans for March 31, 2015 are net of (i) the unaccreted mark-to-market discounts on Canyon National Bank (“Canyon National”) loans of $1.2 million, on Palm Desert National Bank (“Palm Desert National”) loans of $1.3 million, on SDTB loans of $151,000, and on IDPK loans of $6.9 million and (ii) the mark-to-market premium on FAB loans of $28,000.
	From time to time, we may purchase or sell loans in order to manage concentrations, maximize interest income, change risk profiles, improve returns and generate liquidity.
	The Company makes residential and commercial loans held for investment to customers located primarily in California.  Consequently, the underlying collateral for our loans and a borrower’s ability to repay may be impacted unfavorably by adverse changes in the economy and real estate market in the region.
	Under applicable laws and regulations, the Bank may not make secured loans to one borrower in excess of 25% of the Bank’s unimpaired capital plus surplus and likewise in excess of 15% for unsecured loans.  These loans-to-one borrower limitations result in a dollar limitation of $83.9 million for secured loans and $50.4 million for unsecured loans at March 31, 2015.  At March 31, 2015, the Bank’s largest aggregate outstanding balance of loans to one borrower was $44.9 million of secured credit.
	Purchased Credit Impaired
	The following table provides a summary of the Company’s investment in purchased credit impaired loans, acquired from Canyon National, Palm Desert National and IDPK, as of the period indicated:
			March 31, 2015
			Canyon			Palm Desert
			National			National			IDPK			Total
			(in thousands)
	Business loans:
	Commercial and industrial		$	95		$	—		$	601		$	696
	Commercial owner occupied		549			—			2,388			2,937
	SBA		—			—			—			—
	Warehouse facilities		—			—			—			—
	Real estate loans:
	Commercial non-owner occupied		965			—			1,379			2,344
	Multi-family		—			—			—			—
	One-to-four family		—			1			—			1
	Construction		—			—			—			—
	Land		—			—			—			—
	Other loans		—			—			—			—
	Total purchase credit impaired		$	1,609		$	1		$	4,368		$	5,978
	On the acquisition date, the amount by which the undiscounted expected cash flows of the purchased credit impaired loans exceed the estimated fair value of the loan is the “accretable yield.”  The accretable yield is measured at each financial reporting date and represents the difference between the remaining undiscounted expected cash flows and the current carrying value of the purchased credit impaired loan.  At March 31, 2015, the Company had $6.0 million of purchased credit impaired loans, of which $1.7 million were placed on nonaccrual status.
	The following table summarizes the accretable yield on the purchased credit impaired for the three months ended March 31, 2015:
			Three Months Ended
			March 31, 2015
			Canyon National			Palm Desert National			IDPK			Total
			(in thousands)
	Balance at the beginning of period		$	1,351		$	52		$	—		$	1,403
	Accretable yield at acquisition		—			—			602			602
	Accretion		(47		)	—			(30		)	(77		)
	Disposals and other		—			—			(4		)	(4		)
	Change in accretable yield		—			—			—			—
	Balance at the end of period		$	1,304		$	52		$	568		$	1,924
	Impaired Loans
	The following tables provide a summary of the Company’s investment in impaired loans as of the period indicated:
									Impaired Loans
			Contractual												Specific
		Unpaid									Without			Allowance for		Average		Interest
		Principal			Recorded			With Specific			Specific			Impaired		Recorded		Income
		Balance			Investment			Allowance			Allowance			Loans		Investment		Recognized
		(in thousands)
31-Mar-15
Business loans:
Commercial and industrial		$	2,225		$	1,853		$	—		$	1,853		$	—	$	618	$	—
Commercial owner occupied		438			379			—			379			—		382		7
Real estate loans:
Commercial non-owner occupied		698			458			—			458			—		465		12
One-to-four family		254			232			—			232			—		234		5
Totals		$	3,615		$	2,922		$	—		$	2,922		$	—	$	1,699	$	24
								Impaired Loans
		Contractual												Specific
		Unpaid									Without			Allowance for		Average		Interest
		Principal			Recorded			With Specific			Specific			Impaired		Recorded		Income
		Balance			Investment			Allowance			Allowance			Loans		Investment		Recognized
		(in thousands)
31-Dec-14
Business loans:
Commercial and industrial		$	—		$	—		$	—		$	—		$	—	$	11	$	—
Commercial owner occupied		440			388			—			388			—		514		46
SBA		—			—			—			—			—		5		—
Real estate loans:
Commercial non-owner occupied		1,217			848			—			848			—		908		85
One-to-four family		256			236			—			236			—		440		17
Totals		$	1,913		$	1,472		$	—		$	1,472		$	—	$	1,878	$	148
								Impaired Loans
		Contractual												Specific
		Unpaid									Without			Allowance for		Average		Interest
		Principal			Recorded			With Specific			Specific			Impaired		Recorded		Income
		Balance			Investment			Allowance			Allowance			Loans		Investment		Recognized
		(in thousands)
31-Mar-14
Business loans:
Commercial and industrial		$	67		$	31		$	—		$	31		$	—	$	10	$	—
Commercial owner occupied		870			718			—			718			—		738		—
SBA		246			14			—			14			—		14		9
Real estate loans:
Commercial non-owner occupied		1,894			1,327			—			1,327			—		1,093		17
One-to-four family		639			593			274			319			104		602		17
Totals		$	3,716		$	2,683		$	274		$	2,409		$	104	$	2,457	$	43
The Company considers a loan to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement or it is determined that the likelihood of the Company receiving all scheduled payments, including interest, when due is remote.  The Company has no commitments to lend additional funds to debtors whose loans have been impaired.
The Company reviews loans for impairment when the loan is classified as substandard or worse, delinquent 90 days, or determined by management to be collateral dependent, or when the borrower files bankruptcy or is granted a troubled debt restructuring (“TDR”).  Measurement of impairment is based on the loan’s expected future cash flows discounted at the loan’s effective interest rate, measured by reference to an observable market value, if one exists, or the fair value of the collateral if the loan is deemed collateral dependent.  All loans are generally charged-off at such time the loan is classified as a loss.  Valuation allowances are determined on a loan-by-loan basis or by aggregating loans with similar risk characteristics.
The following table provides additional detail on the components of impaired loans at the period end indicated:
		March 31, 2015			December 31, 2014			March 31, 2014
		(in thousands)
Nonaccruing loans		$	2,742		$	1,290		$	2,497
Accruing loans		180			182			186
Total impaired loans		$	2,922		$	1,472		$	2,683
When loans are placed on nonaccrual status all accrued interest is reversed from earnings.  Payments received on nonaccrual loans are generally applied as a reduction to the loan principal balance.  If the likelihood of further loss is remote, the Company will recognize interest on a cash basis only.  Loans may be returned to accruing status if the Company believes that all remaining principal and interest is fully collectible and there has been at least three months of sustained repayment performance since the loan was placed on nonaccrual.
The Company does not accrue interest on loans 90 days or more past due or when, in the opinion of management, there is reasonable doubt as to the collection of interest.  The Company had impaired loans on nonaccrual status of $2.7 million at March 31, 2015, $1.3 million at December 31, 2014, and $2.5 million at March 31, 2014.  The Company had no loans 90 days or more past due and still accruing at March 31, 2015, December 31, 2014 or March 31, 2014.
The Company had no new TDRs during the quarter ended March 31, 2015 and March 31, 2014 and had one immaterial TDR outstanding related to a U.S. Small Business Administration (“SBA”) loan.
Concentration of Credit Risk
As of March 31, 2015, the Company’s loan portfolio was collateralized by various forms of real estate and business assets located principally in California.  The Company’s loan portfolio contains concentrations of credit in multi-family real estate, commercial non-owner occupied real estate and commercial owner occupied business loans.  The Bank maintains policies approved by the Bank’s Board of Directors (the “Bank Board”) that address these concentrations and continues to diversify its loan portfolio through loan originations, purchases and sales to meet approved concentration levels.  While management believes that the collateral presently securing these loans is adequate, there can be no assurances that a significant deterioration in the California real estate market or economy would not expose the Company to significantly greater credit risk.
Credit Quality and Credit Risk Management
The Company’s credit quality is maintained and credit risk managed in two distinct areas.  The first is the loan origination process, wherein the Bank underwrites credit quality and chooses which risks it is willing to accept.  The second is in the ongoing oversight of the loan portfolio, where existing credit risk is measured and monitored, and where performance issues are dealt with in a timely and comprehensive fashion.
The Company maintains a comprehensive credit policy which sets forth minimum and maximum tolerances for key elements of loan risk.  The policy identifies and sets forth specific guidelines for analyzing each of the loan products the Company offers from both an individual and portfolio wide basis.  The credit policy is reviewed annually by the Bank Board.  The Bank’s seasoned underwriters ensure all key risk factors are analyzed with nearly all underwriting including a comprehensive global cash flow analysis of the prospective borrowers.  The credit approval process mandates multiple-signature approval by the management credit committee for every loan that requires any subjective credit analysis.
Credit risk is managed within the loan portfolio by the Company’s Portfolio Management department based on a comprehensive credit and investment review policy.  This policy requires a program of financial data collection and analysis, comprehensive loan reviews, property and/or business inspections and monitoring of portfolio concentrations and trends.  The Portfolio Management department also monitors asset-based lines of credit, loan covenants and other conditions associated with the Company’s business loans as a means to help identify potential credit risk.  Individual loans, excluding the homogeneous loan portfolio, are reviewed at least biennially, and in most cases more often, including the assignment of a risk grade.
Risk grades are based on a six-grade Pass scale, along with Special Mention, Substandard, Doubtful and Loss classifications as such classifications are defined by the regulatory agencies.  The assignment of risk grades allows the Company to, among other things, identify the risk associated with each credit in the portfolio, and to provide a basis for estimating credit losses inherent in the portfolio.  Risk grades are reviewed regularly by the Company’s Credit and Portfolio Review committee, and are reviewed annually by an independent third-party, as well as by regulatory agencies during scheduled examinations.
The following provides brief definitions for risk grades assigned to loans in the portfolio:
	·		Pass classifications represent assets with a level of credit quality which contain no well-defined deficiency or weakness.
	·		Special Mention assets do not currently expose the Bank to a sufficient risk to warrant classification in one of the adverse categories, but possess correctable deficiencies or potential weaknesses deserving management’s close attention.
	·		Substandard assets are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any.  These assets are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected.  OREO acquired from foreclosure is also classified as substandard.
	·		Doubtful credits have all the weaknesses inherent in substandard credits, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
	·		Loss assets are those that are considered uncollectible and of such little value that their continuance as assets is not warranted.  Amounts classified as loss are promptly charged off.
The Portfolio Management department also manages loan performance risks, collections, workouts, bankruptcies and foreclosures.  Loan performance risks are mitigated by our portfolio managers acting promptly and assertively to address problem credits when they are identified.  Collection efforts are commenced immediately upon non-payment, and the portfolio managers seek to promptly determine the appropriate steps to minimize the Company’s risk of loss.  When foreclosure will maximize the Company’s recovery for a non-performing loan, the portfolio managers will take appropriate action to initiate the foreclosure process.
When a loan is graded as special mention or substandard or doubtful, the Company obtains an updated valuation of the underlying collateral.  If the credit in question is also identified as impaired, a valuation allowance, if necessary, is established against such loan or a loss is recognized by a charge to the allowance for loan losses (“ALLL”) if management believes that the full amount of the Company’s recorded investment in the loan is no longer collectable.  The Company typically continues to obtain or confirm updated valuations of underlying collateral for special mention and classified loans on an annual basis in order to have the most current indication of fair value.  Once a loan is identified as impaired, an analysis of the underlying collateral is performed at least quarterly, and corresponding changes in any related valuation allowance are made or balances deemed to be fully uncollectable are charged-off.
The following tables stratify the loan portfolio by the Company’s internal risk grading system as well as certain other information concerning the credit quality of the loan portfolio as of the periods indicated:
		Credit Risk Grades
					Special						Total Gross
		Pass			Mention			Substandard			Loans
		(in thousands)
31-Mar-15
Business loans:
Commercial and industrial		$	410,328		$	1,250		$	8,640		$	420,218
Commercial owner occupied		340,685			—			11,666			352,351
SBA		49,855			—			—			49,855
Warehouse facilities		216,554			—			—			216,554
Real estate loans:
Commercial non-owner occupied		446,900			—			5,522			452,422
Multi-family		391,690			1,954			3,486			397,130
One-to-four family		115,780			—			955			116,735
Construction		111,469			—			235			111,704
Land		7,243			—			—			7,243
Other loans		6,641			—			—			6,641
Totals		$	2,097,145		$	3,204		$	30,504		$	2,130,853
		Credit Risk Grades
					Special						Total Gross
		Pass			Mention			Substandard			Loans
		(in thousands)
31-Dec-14
Business loans:
Commercial and industrial		$	426,379		$	—		$	1,828		$	428,207
Commercial owner occupied		202,390			—			8,605			210,995
SBA		28,132			272			—			28,404
Warehouse facilities		113,798			—			—			113,798
Real estate loans:
Commercial non-owner occupied		355,274			—			3,939			359,213
Multi-family		261,956			501			508			262,965
One-to-four family		122,146			—			649			122,795
Construction		89,682			—			—			89,682
Land		9,088			—			—			9,088
Other loans		3,298			—			—			3,298
Totals		$	1,612,143		$	773		$	15,529		$	1,628,445
		Credit Risk Grades
					Special						Total Gross
		Pass			Mention			Substandard			Loans
		(in thousands)
31-Mar-14
Business loans:
Commercial and industrial		$	270,024		$	—		$	1,853		$	271,877
Commercial owner occupied		212,663			272			10,913			223,848
SBA		11,031			—			14			11,045
Warehouse facilities		81,033			—			—			81,033
Real estate loans:
Commercial non-owner occupied		328,645			—			4,845			333,490
Multi-family		222,178			508			514			223,200
One-to-four family		140,453			—			1,016			141,469
Construction		29,857			—			—			29,857
Land		6,170			—			—			6,170
Other loans		3,478			—			2			3,480
Totals		$	1,305,532		$	780		$	19,157		$	1,325,469
The following tables set forth delinquencies in the Company’s loan portfolio at the dates indicated:
					Days Past Due											Non-
		Current			30-59			60-89			90+			Total		Accruing
		(in thousands)
31-Mar-15
Business loans:
Commercial and industrial		$	417,894		$	146		$	—		$	2,178		$	420,218	$	2,455
Commercial owner occupied		351,600			349			375			27			352,351		527
SBA		49,855			—			—			—			49,855		—
Warehouse facilities		216,554			—			—			—			216,554		—
Real estate loans:
Commercial non-owner occupied		452,422			—			—			—			452,422		1,602
Multi-family		397,130			—			—			—			397,130		—
One-to-four family		116,533			149			—			53			116,735		79
Construction		111,704			—			—			—			111,704		—
Land		7,243			—			—			—			7,243		—
Other loans		6,640			1			—			—			6,641		—
Totals		$	2,127,575		$	645		$	375		$	2,258		$	2,130,853	$	4,663
					Days Past Due											Non-
		Current			30-59			60-89			90+			Total		Accruing
		(in thousands)
31-Dec-14
Business loans:
Commercial and industrial		$	428,183		$	—		$	24		$	—		$	428,207	$	—
Commercial owner occupied		210,995			—			—			—			210,995		514
SBA		28,404			—			—			—			28,404		—
Warehouse facilities		113,798			—			—			—			113,798		—
Real estate loans:
Commercial non-owner occupied		359,213			—			—			—			359,213		848
Multi-family		262,965			—			—			—			262,965		—
One-to-four family		122,722			19			—			54			122,795		82
Construction		89,682			—			—			—			89,682		—
Land		9,088			—			—			—			9,088		—
Other loans		3,297			1			—			—			3,298		—
Totals		$	1,628,347		$	20		$	24		$	54		$	1,628,445	$	1,444
					Days Past Due											Non-
		Current			30-59			60-89			90+			Total		Accruing
		(in thousands)
31-Mar-14
Business loans:
Commercial and industrial		$	271,845		$	—		$	32		$	—		$	271,877	$	31
Commercial owner occupied		223,402			—			—			446			223,848		864
SBA		10,985			46			—			14			11,045		14
Warehouse facilities		81,033			—			—			—			81,033		—
Real estate loans:
Commercial non-owner occupied		332,572			—			—			918			333,490		1,327
Multi-family		223,200			—			—			—			223,200		—
One-to-four family		141,348			72			—			49			141,469		438
Construction		29,857			—			—			—			29,857		—
Land		6,170			—			—			—			6,170		—
Other loans		3,480			—			—			—			3,480		—
Totals		$	1,323,892		$	118		$	32		$	1,427		$	1,325,469	$	2,674

Allowance_for_Loan_Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2015
Allowance for Loan Losses
Allowance for Loan Losses
	Note 7 — Allowance for Loan Losses
	The Company’s ALLL covers estimated credit losses on individually evaluated loans that are determined to be impaired as well as estimated credit losses inherent in the remainder of the loan portfolio.  The ALLL is prepared using the information provided by the Company’s credit review process together with data from peer institutions and economic information gathered from published sources.
	The loan portfolio is segmented into groups of loans with similar risk characteristics.  Each segment possesses varying degrees of risk based on, among other things, the type of loan, the type of collateral, and the sensitivity of the borrower or industry to changes in external factors such as economic conditions.  An estimated loss rate calculated using the Company’s actual historical loss rates adjusted for current portfolio trends, economic conditions, and other relevant internal and external factors, is applied to each group’s aggregate loan balances.
	The following provides a summary of the ALLL calculation for the major segments within the Company’s loan portfolio.
	Owner Occupied Commercial Real Estate Loans, Commercial and Industrial Loans and SBA Loans
	The Company’s base ALLL factor for owner occupied commercial real estate loans, commercial business loans and SBA loans is determined by management using the Bank’s annualized actual trailing charge-off data over intervals of 72, 36, 24, 12 and 6 months.  Adjustments to those base factors are made for relevant internal and external factors.  For owner occupied commercial real estate loans, commercial business loans and SBA loans, those factors include:
		·		Changes in national, regional and local economic conditions, including trends in real estate values and the interest rate environment,
		·		Changes in the nature and volume of the loan portfolio, including new types of lending,
		·		Changes in volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans, and
		·		The existence and effect of concentrations of credit, and changes in the level of such concentrations.
	The resulting total ALLL factor is compared for reasonableness against the 10-year average, 15-year average, and trailing 12 month total charge-off data for all Federal Deposit Insurance Corporation (“FDIC”) insured commercial banks and savings institutions based in California.  This factor is applied to balances graded pass-1 through pass-5.  For loans risk graded as watch or worse, progressively higher potential loss factors are applied based on management’s judgment, taking into consideration the specific characteristics of the Bank’s portfolio and analysis of results from a select group of the Company’s peers.
	Multi-Family and Non-Owner Occupied Commercial Real Estate and Construction Loans
	The Company’s base ALLL factor for multi-family and non-owner occupied commercial real estate and construction loans is determined by management using the Bank’s annualized actual trailing charge-off data over intervals of 72, 36, 24, 12 and 6 months.  Adjustments to those base factors are made for relevant internal and external factors.  For multi-family and non-owner occupied commercial real estate loans, those factors include:
		·		Changes in national, regional and local economic conditions, including trends in real estate values and the interest rate environment,
		·		Changes in volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans, and
		·		The existence and effect of concentrations of credit, and changes in the level of such concentrations.
	The resulting total ALLL factor is compared for reasonableness against the 10-year average, 15-year average, and trailing 12 month total charge-off data for all FDIC-insured commercial banks and savings institutions based in California.  This factor is applied to balances graded pass-1 through pass-5.  For loans risk graded as watch or worse, progressively higher potential loss factors are applied based on management’s judgment, taking into consideration the specific characteristics of the Bank’s portfolio and analysis of results from a select group of the Company’s peers.
	One-to-Four Family and Consumer Loans
	The Company’s base ALLL factor for one-to-four family and consumer loans is determined by management using the Bank’s annualized actual trailing charge-off data over intervals of 72, 36, 24, 12 and 6 months.  Adjustments to those base factors are made for relevant internal and external factors.  For one-to-four family and consumer loans, those factors include:
		·		Changes in national, regional and local economic conditions, including trends in real estate values and the interest rate environment, and
		·		Changes in volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans.
	The resulting total ALLL factor is compared for reasonableness against the 10-year average, 15-year average, and trailing 12 month total charge-off data for all FDIC-insured commercial banks and savings institutions based in California.  This factor is applied to balances graded pass-1 through pass-5.  For loans risk graded as watch or worse, progressively higher potential loss factors are applied based on management’s judgment, taking into consideration the specific characteristics of the Bank’s portfolio and analysis of results from a select group of the Company’s peers.
	Warehouse Facilities
	The Company’s warehouse facilities are structured as repurchase facilities, whereby we purchase funded one-to-four family loans on an interim basis.  Therefore, the base ALLL factor for warehouse facilities is equal to that for one-to-four family and consumer loans as discussed above.  Adjustments to the base factor are made for relevant internal and external factors.  Those factors include:
		·		Changes in national, regional and local economic conditions, including trends in real estate values and the interest rate environment,
		·		Changes in the nature and volume of the loan portfolio, including new types of lending, and
		·		The existence and effect of concentrations of credit, and changes in the level of such concentrations.
	The resulting total ALLL factor is compared for reasonableness against the 10-year average, 15-year average, and trailing 12 month total charge-off data for one-to-four family loans for all FDIC-insured commercial banks and savings institutions based in California.  This factor is applied to balances graded pass-1 through pass-5.  For loans risk graded as watch or worse, progressively higher potential loss factors are applied based on management’s judgment, taking into consideration the specific characteristics of the Bank’s portfolio and analysis of results from a select group of the Company’s peers.
	The following tables summarize the allocation of the ALLL as well as the activity in the ALLL attributed to various segments in the loan portfolio as of and for the three months ended for the periods indicated:
			Commercial			Commercial			SBA			Warehouse			Commercial			Multi-			One-to-four			Construction			Land			Other			Total
			and industrial			owner						Facilities			non-owner			family			family									loans
						occupied									occupied
			(dollars in thousands)
	Balance, December 31, 2014		$	4,200		$	1,757		$	568		$	546		$	2,007		$	1,060		$	842		$	1,088		$	108		$	24		$	12,200
	Charge-offs		(396		)	—			—			—			—			—			—			—			—			—			(396		)
	Recoveries		12			—			—			—			—			—			—			—			—			—			12
	Provisions for (reduction in) loan losses		1,116			96			(21		)	343			124			243			(168		)	122			(30		)	5			1,830
	Balance, March 31, 2015		$	4,932		$	1,853		$	547		$	889		$	2,131		$	1,303		$	674		$	1,210		$	78		$	29		$	13,646
	Amount of allowance attributed to:
	Specifically evaluated impaired loans		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
	General portfolio allocation		4,932			1,853			547			889			2,131			1,303			674			1,210			78			29			13,646
	Loans individually evaluated for impairment		1,853			379			—			—			458			—			232			—			—			—			2,922
	Specific reserves to total loans individually evaluated for impairment		0		%	0		%	0		%	0		%	0		%	0		%	0		%	0		%	0		%	0		%	0		%
	Loans collectively evaluated for impairment		$	418,365		$	351,972		$	49,855		$	216,554		$	451,964		$	397,130		$	116,503		$	111,704		$	7,243		$	6,641		$	2,127,931
	General reserves to total loans collectively evaluated for impairment		1.18		%	0.53		%	1.1		%	0.41		%	0.47		%	0.33		%	0.58		%	1.08		%	1.08		%	0.44		%	0.64		%
	Total gross loans		$	420,218		$	352,351		$	49,855		$	216,554		$	452,422		$	397,130		$	116,735		$	111,704		$	7,243		$	6,641		$	2,130,853
	Total allowance to gross loans		1.17		%	0.53		%	1.1		%	0.41		%	0.47		%	0.33		%	0.58		%	1.08		%	1.08		%	0.44		%	0.64		%
			Commercial			Commercial			SBA			Warehouse			Commercial			Multi-			One-to-four			Construction			Land			Other			Total
			and industrial			owner						Facilities			non-owner			family			family									loans
						occupied									occupied
			(dollars in thousands)
	Balance, December 31, 2013		$	1,968		$	1,818		$	151		$	392		$	1,658		$	817		$	1,099		$	136		$	127		$	34		$	8,200
	Charge-offs		(124		)	—			—			—			(365		)	—			(12		)	—			—			—			(501		)
	Recoveries		5			—			2			—			—			—			30			—			—			—			37
	Provisions for (reduction in) loan losses		516			(64		)	26			(16		)	564			(12		)	(198		)	187			(46		)	(8		)	949
	Balance, March 31, 2014		$	2,365		$	1,754		$	179		$	376		$	1,857		$	805		$	919		$	323		$	81		$	26		$	8,685
	Amount of allowance attributed to:
	Specifically evaluated impaired loans		$	—		$	—		$	—		$	—		$	—		$	—		$	104		$	—		$	—		$	—		$	104
	General portfolio allocation		2,365			1,754			179			376			1,857			805			815			323			81			26			8,581
	Loans individually evaluated for impairment		31			718			14			—			1,327			—			593			—			—			—			2,683
	Specific reserves to total loans individually evaluated for impairment		0		%	0		%	0		%	0		%	0		%	0		%	17.54		%	0		%	0		%	0		%	3.88		%
	Loans collectively evaluated for impairment		$	271,846		$	223,130		$	11,031		$	81,033		$	332,163		$	223,200		$	140,876		$	29,857		$	6,170		$	3,480		$	1,322,786
	General reserves to total loans collectively evaluated for impairment		0.87		%	0.79		%	1.62		%	0.46		%	0.56		%	0.36		%	0.58		%	1.08		%	1.31		%	0.75		%	0.65		%
Total gross loans		$	271,877		$	223,848		$	11,045		$	81,033		$	333,490		$	223,200		$	141,469		$	29,857		$	6,170		$	3,480		$	1,325,469
Total allowance to gross loans		0.87		%	0.78		%	1.62		%	0.46		%	0.56		%	0.36		%	0.65		%	1.08		%	1.31		%	0.75		%	0.66		%

Subordinated_Debentures

Subordinated Debentures	3 Months Ended
	Mar. 31, 2015
Subordinated Debentures.
Subordinated Debentures
	Note 8 — Subordinated Debentures
	In August 2014, the Corporation issued $60 million in aggregate principal amount of 5.75% Subordinated Notes Due 2024 (the “Notes”) in a private placement transaction to institutional accredited investors (the “Private Placement”).  The Corporation contributed $40 million of net proceeds from the Private Placement to the Bank to support general corporate purposes.  The Notes will bear interest at an annual fixed rate of 5.75%, with the first interest payment on the Notes occurring on March 3, 2015, and interest will be paid semiannually each March 3 and September 3 until September 3, 2024.
	In connection with the Private Placement, the Corporation obtained ratings from Kroll Bond Rating Agency (“KBRA”).  KBRA assigned investment grade ratings of BBB+ and BBB for the Corporation’s senior secured debt and subordinated debt, respectively, and a senior deposit rating of A- for the Bank.
	In March 2004, the Corporation issued $10.3 million of Floating Rate Junior Subordinated Deferrable Interest Debentures (the “Subordinated Debentures”) to PPBI Trust I, which funded the payment of $10.0 million of Floating Rate Trust Preferred Securities (“Trust Preferred Securities”) issued by PPBI Trust I in March 2004.  The net proceeds from the offering of Trust Preferred Securities were contributed as capital to the Bank to support further growth.  Interest is payable quarterly on the Subordinated Debentures at three-month LIBOR plus 2.75% per annum, for an effective rate of 3.00% per annum as of March 31, 2015.
	The Corporation is not allowed to consolidate PPBI Trust I into the Company’s consolidated financial statements.  The resulting effect on the Company’s consolidated financial statements is to report only the Subordinated Debentures as a component of the Company’s liabilities.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share
Earnings Per Share
	Note 9 — Earnings Per Share
	Basic earnings per share excludes dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period, excluding common shares in treasury.  Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted from the issuance of common stock that would then share in earnings and excludes common shares in treasury.  Stock options exercisable for shares of common stock are excluded from the computation of diluted earnings per share if they are anti-dilutive due to their exercise price exceeding the average market price during the period.
	The impact of stock options which are anti-dilutive are excluded from the computations of diluted earnings per share.  The dilutive impact of these securities could be included in future computations of diluted earnings per share if the market price of the common stock increases.  The following table sets forth the number of stock options excluded for the periods indicated:
		Three Months Ended
		March 31,
		2015		2014
	Stock options excluded	967,050		700,598
	The following tables set forth the Company’s unaudited earnings per share calculations for the periods indicated:
		Three Months Ended March 31,
		2015						2014
		Net				Per Share		Net			Per Share
		Income			Shares	Amount		Income		Shares	Amount
		(dollars in thousands, except per share data)
	Net income	$	1,789					$	2,632
	Basic income available to common stockholders	1,789			20,091,924	$	0.09	2,632		17,041,594	$	0.15
	Effect of dilutive stock options and warrants	—			290,908			—		334,407
	Diluted income available to common stockholders plus assumed conversions	$	1,789		20,382,832	$	0.09	$	2,632	17,376,001	$	0.15

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value of Financial Instruments
Fair Value of Financial Instruments
	Note 10 — Fair Value of Financial Instruments
	Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Financial instruments are considered Level 1 when the valuation is based on quoted prices in active markets for identical assets or liabilities.  Level 2 financial instruments are valued using quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or models using inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.  Financial instruments are considered Level 3 when their values are determined using pricing models, discounted cash flow methodologies or similar techniques, and at least one significant model assumption or input is unobservable and when determination of the fair value requires significant management judgment or estimation.
	Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding current economic conditions, risk characteristics of various financial instruments, and other factors.  These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision.  Changes in assumptions could significantly affect the fair values presented.  The following methods and assumptions were used by the Company to estimate the fair value of its financial instruments at March 31, 2015, December 31, 2014 and March 31, 2014:
	Cash and due from banks — The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1.
	Securities Available for Sale — Where possible, the Company utilizes quoted market prices to measure debt and equity securities; such items are classified as Level 1 in the hierarchy and include equity securities, US government bonds and securities issued by federally sponsored agencies.  When quoted market prices for identical assets are unavailable or the market for the asset is not sufficiently active, varying valuation techniques are used.  Common inputs in valuing these assets include, among others, benchmark yields, issuer spreads, forward mortgage-backed securities trade prices and recently reported trades.  Such assets are classified as Level 2 in the hierarchy and typically include private label mortgage-backed securities and corporate bonds.  Pricing on these securities are provided to the Company by a pricing service vendor.  In the Level 3 category, the Company classifies securities that reflect other-than-temporary impairments (“OTTI”) based on a discounted cash flow of the security or a determination of fair value that requires significant management judgment or consideration.
	FHLB, FRB, Other Stock — The carrying value approximates the fair value based upon the redemption provisions of the stock and are classified as Level 1.
	Loans Held for Investment— The fair value of loans, other than loans on nonaccrual status, was estimated by discounting the remaining contractual cash flows using the estimated current rate at which similar loans would be made to borrowers with similar credit risk characteristics and for the same remaining maturities, reduced by deferred net loan origination fees and the allocable portion of the allowance for loan losses.  Accordingly, in determining the estimated current rate for discounting purposes, no adjustment has been made for any change in borrowers’ credit risks since the origination of such loans.  Rather, the allocable portion of the allowance for loan losses is considered to provide for such changes in estimating fair value.  As a result, this fair value is not necessarily the value which would be derived using an exit price.  These loans are included within Level 3 of the fair value hierarchy.  The carrying amount of accrued interest receivable approximates its fair value as a Level 1 classification.
	OREO  — OREO assets are recorded at the fair value less estimated costs to sell at the time of foreclosure.  The fair value of OREO assets is generally based on recent real estate appraisals adjusted for estimated selling costs.  These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach.  Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available.  Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value.
	Accrued Interest Receivable/Payable —  The carrying amount approximates fair value and is classified as Level 1.
	Deposit Accounts— The fair values estimated for demand deposits (interest and noninterest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts) resulting in a Level 1 classification.  Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of the aggregate expected monthly maturities on time deposits in a Level 2 classification.  The carrying amount of accrued interest payable approximates its fair value as a Level 1 classification.
	FHLB Advances and Other Borrowings— For these instruments, the fair value of short term borrowings is estimated to be the carrying amount and is classified as Level 1.  The fair value of long term borrowings and debentures is determined using rates currently available for similar borrowings or debentures with similar credit risk and for the remaining maturities and are classified as Level 2.  The carrying amount of accrued interest payable approximates its fair value as a Level 1 classification.
	Subordinated Debentures — The fair value of subordinated debentures is estimated by discounting the balance by the current three-month LIBOR rate plus the current market spread.  The fair value is determined based on the maturity date as the Company does not currently have intentions to call the debenture and is classified as Level 2.
	Off-Balance Sheet Commitments and Standby Letters of Credit — The majority of the Bank’s commitments to extend credit carry current market interest rates if converted to loans.  Because these commitments are generally unassignable by either the Bank or the borrower, they only have value to the Bank and the borrower.  The notional amount disclosed for off-balance sheet commitments and standby letters of credit is the amount available to be drawn down on all lines and letters of credit.  The cost to assume is calculated at 10% of the notional amount and is classified as Level 2.
	Estimated fair values are disclosed for financial instruments for which it is practicable to estimate fair value.  These estimates are made at a specific point in time based on relevant market data and information about the financial instruments.  These estimates do not reflect any premium or discount that could result from offering the Company’s entire holdings of a particular financial instrument for sale at one time, nor do they attempt to estimate the value of anticipated future business related to the instruments.  In addition, the tax ramifications related to the realization of unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of these estimates.
	The fair value estimates presented herein are based on pertinent information available to management as of the periods indicated.
		At March 31, 2015
		Carrying											Estimated
		Amount		Level 1			Level 2			Level 3			Fair Value
		(in thousands)
	Assets:
	Cash and cash equivalents	$	178,371	$	178,371		$	—		$	—		$	178,371
	Securities available for sale	280,461		—			280,461			—			280,461
	Federal Reserve Bank, TIB and FHLB stock, at cost	30,586		30,586			—			—			30,586
	Loans held for investment, net	2,117,741		—			—			2,205,161			2,205,161
	Accrued interest receivable	8,769		8,769			—			—			8,769
	Other real estate owned	997		—			—			997			997
	Liabilities:
	Deposit accounts	2,043,166		1,576,056			479,204			—			2,055,260
	FHLB advances	300,000		300,031			—			—			300,031
	Other borrowings	43,434		—			45,084			—			45,084
	Subordinated debentures	70,310		—			69,501			—			69,501
	Accrued interest payable	177		177			—			—			177
		Notional											Cost to Cede
		Amount		Level 1			Level 2			Level 3			or Assume
	Off-balance sheet commitments and standby letters of credit	$	403,084	$	—		$	40,308		$	—		$	40,308
		At December 31, 2014
		Carrying											Estimated
		Amount		Level 1			Level 2			Level 3			Fair Value
		(in thousands)
	Assets:
	Cash and cash equivalents	$	110,925	$	110,925		$	—		$	—		$	110,925
	Securities available for sale	201,638		—			201,638			—			201,638
	Federal Reserve Bank and FHLB stock, at cost	17,067		17,067			—			—			17,067
	Loans held for investment, net	1,616,422		—			—			1,686,046			1,686,046
	Accrued interest receivable	7,131		7,131			—			—			7,131
	Other real estate owned	1,037		—			—			1,037			1,037
	Liabilities:
	Deposit accounts	1,630,826		1,216,847			519,898			—			1,736,745
	FHLB advances	70,000		70,025			—			—			70,025
	Other borrowings	46,643		—			48,312			—			48,312
	Subordinated debentures	70,310		—			33,456			—			33,456
	Accrued interest payable	209		209			—			—			209
		Notional											Cost to Cede
		Amount		Level 1			Level 2			Level 3			or Assume
	Off-balance sheet commitments and standby letters of credit	$	355,024	$	—		$	35,502		$	—		$	35,502
		At March 31, 2014
		Carrying		Level 1			Level 2			Level 3			Estimated
		Amount											Fair Value
		(in thousands)
	Assets:
	Cash and cash equivalents	$	124,419	$	124,419		$	—		$	—		$	124,419
	Securities available for sale	202,142		—			202,142			—			202,142
	Federal Reserve Bank and FHLB stock, at cost	14,104		14,104			—			—			14,104
Loans held for investment, net	1,316,687		—			—			1,392,661			1,392,661
Accrued interest receivable	5,865		5,865			—			—			5,865
Other real estate owned	752		—			—			752			752
Liabilities:
Deposit accounts	1,435,203		1,110,877			354,437			—			1,465,314
FHLB advances	50,000		50,000			—			—			50,000
Other borrowings	45,506		—			47,708			—			47,708
Subordinated debentures	10,310		—			4,649			—			4,649
Accrued interest payable	168		168			—			—			168
	Notional		Level 1			Level 2			Level 3			Cost to Cede
	Amount											or Assume
Off-balance sheet commitments and standby letters of credit	$	246,014	$	—		$	24,601		$	—		$	24,601
A loan is considered impaired when it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement.  Impairment is measured based on the fair value of the underlying collateral or the discounted expected future cash flows.  The Company measures impairment on all non-accrual loans for which it has reduced the principal balance to the value of the underlying collateral less the anticipated selling cost.  As such, the Company records impaired loans as non-recurring Level 2 when the fair value of the underlying collateral is based on an observable market price or current appraised value.  When current market prices are not available or the Company determines that the fair value of the underlying collateral is further impaired below appraised values, the Company records impaired loans as Level 3.  At March 31, 2015, substantially all the Company’s impaired loans were evaluated based on the fair value of their underlying collateral based upon the most recent appraisal available to management.
The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values.  While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.
The following fair value hierarchy table presents information about the Company’s financial instruments measured at fair value on a recurring basis at the dates indicated:
	March 31, 2015
	Fair Value Measurement Using								Securities at
	Level 1		Level 2			Level 3			Fair Value
	(in thousands)
Investment securities available for sale:
Municipal bonds	$	—	$	105,523		$	—		$	105,523
Mortgage-backed securities	—		174,938			—			174,938
Total securities available for sale	$	—	$	280,461		$	—		$	280,461
	March 31, 2014
	Fair Value Measurement Using								Securities at
	Level 1		Level 2			Level 3			Fair Value
	(in thousands)
Investment securities available for sale:
Municipal bonds	$	—	$	77,324		$	—		77,324
Mortgage-backed securities	—		124,818			—			124,818
Total securities available for sale	$	—	$	202,142		$	—		$	202,142
The fair value of impaired loans was determined using Level 3 assumptions, and represents impaired loan balances for which a specific reserve has been established or on which a write down has been taken.  Generally, the Company obtains third party appraisals (or property evaluations) and/or collateral audits in conjunction with internal analyses based on historical experience on its impaired loans and other real estate owned to determine fair value.  In determining the net realizable value of the underlying collateral for impaired loans, the Company will then discount the valuation to cover both market price fluctuations and selling costs the Company expected would be incurred in the event of foreclosure.  In addition to the discounts taken, the Company’s calculation of net realizable value considered any other senior liens in place on the underlying collateral.
The following table provides a summary of the financial instruments the Company measures at fair value on a non-recurring basis as of the periods indicated:
	March 31, 2015
	Fair Value Measurement Using								Assets at
	Level 1		Level 2			Level 3			Fair Value
	(in thousands)
Assets
Collateral dependent impaired loans	$	—	$	—		$	2,742		$	2,742
Other real estate owned	—		—			997			997
Total assets	$	—	$	—		$	3,739		$	3,739
	March 31, 2014
	Fair Value Measurement Using								Assets at
	Level 1		Level 2			Level 3			Fair Value
	(in thousands)
Assets
Collateral dependent impaired loans	$	—	$	—		$	1,730		$	1,730
Other real estate owned	—		—			752			752
Total assets	$	—	$	—		$	2,482		$	2,482
The following table presents quantitative information about level 3 of fair value measurements for financial instruments measured at fair value on a non-recurring basis for the periods indicated:
	March 31, 2015
									Range
	Fair Value		Valuation		Unobservable Inputs		Rate		Maturity		Unobservable
			Techniques						(years)		Inputs
Collateral dependent impaired loans:
Business loans:
Commercial and industrial	$	1,853	Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.70	%	8		0-10%
Commercial owner occupied	379		Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.75	%	7		0-10%
Real estate loans:
Commercial non-owner occupied	458		Collateral valuation		Management adjustment to reflect current conditions and selling costs		7.00	%	12		0-15%
One-to-four family	52		Collateral valuation		Management adjustment to reflect current conditions and selling costs		8.00% - 15.00%		16-May		0-10%
Total collateral dependent impaired loans	$	2,742
Other real estate owned
Land	$	711	Collateral valuation		Management adjustment to reflect current conditions and selling costs		—		—		0-10%
One-to-four family	286		Collateral valuation		Management adjustment to reflect current conditions and selling costs		—		—		0-10%
Total other real estate owned	$	997
	March 31, 2014
							Range
	Fair Value		Valuation		Unobservable Inputs		Rate		Maturity		Unobservable
			Techniques						(years)		Inputs
Collateral dependent impaired loans:
Business loans:
Commercial and industrial	$	31	Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.00	%	3		0-10%
Commercial owner occupied	718		Collateral valuation		Management adjustment to reflect current conditions and selling costs		7.00-11.75%		8-Mar		0-10%
SBA	14		Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.00	%	7		0-20%
Real estate loans:
Commercial non-owner occupied	918		Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.13-7.00%		13-Dec		0-15%
One-to-four family	49		Collateral valuation		Management adjustment to reflect current conditions and selling costs		11.10-15.00%		15-Jun		0-10%
Total collateral dependent impaired loans	$	1,730
Other real estate owned
Land	$	752	Collateral valuation		Management adjustment to reflect current conditions and selling costs		—		—		0-10%
Total other real estate owned	$	752

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Significant Accounting Policies
Certain Acquired Loans
	Certain Acquired Loans:  As part of business acquisitions, the Bank acquires certain loans that have shown evidence of credit deterioration since origination.  These acquired loans are recorded at the allocated fair value, such that there is no carryover of the seller’s allowance for loan losses.  Such acquired loans are accounted for individually.  The Bank estimates the amount and timing of expected cash flows for each purchased loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield).  The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non-accretable difference).  Over the life of the loan, expected cash flows continue to be estimated.  If the present value of expected cash flows is less than the carrying amount, a loss is recorded through the allowance for loan losses.  If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income.
Goodwill and Core Deposit Intangible
	Goodwill and Core Deposit Intangible: Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date.  Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate the necessity for such impairment tests to be performed.  The Company has selected December 31 as the date to perform the annual impairment test.  Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values.  Goodwill is the only intangible asset with an indefinite life on our balance sheet.
	Core deposit intangible assets arising from whole bank acquisitions are amortized on an accelerated method over their estimated useful lives, which range from 6 to 10 years.
Use of Estimates
	Use of Estimates:  The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements.  Actual results could differ from those estimates.  The allowance for loan losses, the fair value of stock-based compensation awards, the fair values of financial instruments and the status of contingencies are particularly subject to change.

Acquisitions_Tables

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2015
Acquisitions
Schedule of contractual amounts due, expected cash flows to be collected, interest component and fair value as of the respective acquisition dates
		Acquired Loans
		IFH			IDPK
		(dollars in thousands)
	Contractual amounts due	$	98,320		$	453,987
	Cash flows not expected to be collected	—			3,795
	Expected cash flows	98,320			450,192
	Interest component of expected cash flows	19,487			117,299
	Fair value of acquired loans	$	78,833		$	332,893
Summary of pro forma net interest and other income, net income and earnings per share
		Three months Ended March 31,
		2015			2014
	Net interest and other income	$	24,687		$	19,715
	Net income	802			3,028
	Basic earnings per share	$	0.04		$	0.14
	Diluted earnings per share	$	0.04		$	0.14
Independence Bank
Acquisitions
Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded
		IDBK			Fair Value			Fair
		Book Value			Adjustments			Value
		(dollars in thousands)
	ASSETS ACQUIRED
	Cash and cash equivalents	$	10,486					$	10,486
	Investment securities	56,503			(382		)	56,121
	Loans, gross	339,502			(6,609		)	332,893
	Allowance for loan losses	(3,301		)	3,301			—
	Deferred income taxes	3,252			717			3,969
	Bank owned life insurance	11,276						11,276
	Core deposit intangible	904			1,999			2,903
	Other assets	3,756			105			3,860
	Total assets acquired	$	422,378		$	(869	)	$	421,508
	LIABILITIES ASSUMED
	Deposits	$	335,685		$	333		$	336,018
	FHLB advances	33,300						33,300
	Other liabilities	1,916			(120		)	1,796
	Total liabilities assumed	370,901			213			371,114
	Excess of assets acquired over liabilities assumed	$	51,477		$	(1,082	)	50,394
	Consideration paid							78,454
	Goodwill recognized							$	28,060
Infinity Franchise Holdings Acquisition
Acquisitions
Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded
			IFH			Fair Value			Fair
			Book Value			Adjustments			Value
			(dollars in thousands)
	ASSETS ACQUIRED
	Cash and cash equivalents		$	555		$	—		$	555
	Loans, gross		78,833			—			78,833
	Deferred loan costs		1,082			(1,082		)	—
	Allowance for loan losses		(268		)	268			—
	Other assets		776			—			776
	Total assets acquired		$	80,978		$	(814	)	$	80,164
	LIABILITIES ASSUMED
	Bank loan		$	67,617		$	—		$	67,617
	Accrued compensation		495			—			495
	Other liabilities		214			—			214
	Total liabilities assumed		68,326			—			68,326
	Excess of assets acquired over liabilities assumed		$	12,652		$	(814	)	11,838
	Consideration paid								17,360
	Goodwill recognized								$	5,522

Investment_Securities_Tables

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2015
Investment Securities
Schedule of amortized cost and estimated fair value of securities
		March 31, 2015
		Amortized			Unrealized			Unrealized			Estimated
		Cost			Gain			Loss			Fair Value
		(in thousands)
	Investment securities available for sale:
	Municipal bonds	$	103,997		$	1,718		$	(192	)	$	105,523
	Mortgage-backed securities	174,281			1,097			(440		)	174,938
	Total securities available for sale	$	278,278		$	2,815		$	(632	)	$	280,461
		December 31, 2014
		Amortized			Unrealized			Unrealized			Estimated
		Cost			Gain			Loss			Fair Value
		(in thousands)
	Investment securities available for sale:
	Municipal bonds	$	88,599		$	1,235		$	(173	)	$	89,661
	Mortgage-backed securities	112,159			432			(614		)	111,977
	Total securities available for sale	$	200,758		$	1,667		$	(787	)	$	201,638
		March 31, 2014
		Amortized			Unrealized			Unrealized			Estimated
		Cost			Gain			Loss			Fair Value
		(in thousands)
	Investment securities available for sale:
	Municipal bonds	$	77,062		$	848		$	(586	)	77,324
	Mortgage-backed securities	126,921			65			(2,168		)	124,818
	Total securities available for sale	$	203,983		$	913		$	(2,754	)	$	202,142
Schedule of number, fair value and gross unrealized holding losses of the Company's investment securities by investment category and length of time that the securities have been in a continuous loss position
		March 31, 2015
		Less than 12 months								12 months or Longer								Total
							Gross								Gross						Gross
							Unrealized								Unrealized						Unrealized
				Fair			Holding					Fair			Holding				Fair		Holding
		Number		Value			Losses			Number		Value			Losses			Number	Value		Losses
		(dollars in thousands)
	Municipal bonds	48		$	20,818		$	(179	)	3		$	1,073		$	(13	)	51	$	21,891	$	(192	)
	Mortgage-backed securities	10		21,857			(66		)	3		15,111			(374		)	13	36,968		(440		)
	Total	58		$	42,675		$	(245	)	6		$	16,184		$	(387	)	64	$	58,859	$	(632	)
		December 31, 2014
		Less than 12 months								12 months or Longer								Total
							Gross								Gross						Gross
							Unrealized								Unrealized						Unrealized
				Fair			Holding					Fair			Holding				Fair		Holding
		Number		Value			Losses			Number		Value			Losses			Number	Value		Losses
		(dollars in thousands)
	Municipal bonds	35		$	18,129		$	(117	)	16		$	6,510		$	(56	)	51	$	24,639	$	(173	)
	Mortgage-backed securities	7		24,353			(105		)	4		18,842			(509		)	11	43,195		(614		)
	Total	42		$	42,482		$	(222	)	20		$	25,352		$	(565	)	62	$	67,834	$	(787	)
		March 31, 2014
		Less than 12 months								12 months or Longer								Total
							Gross								Gross						Gross
							Unrealized								Unrealized						Unrealized
				Fair			Holding					Fair			Holding				Fair		Holding
		Number		Value			Losses			Number		Value			Losses			Number	Value		Losses
		(dollars in thousands)
	Municipal bonds	74		$	36,765		$	(476	)	12		$	5,046		$	(110	)	86	$	41,811	$	(586	)
	Mortgage-backed securities	32		93,299			(1,422		)	1		12,312			(746		)	33	105,611		(2,168		)
	Total	106		$	130,064		$	(1,898	)	13		$	17,358		$	(856	)	119	$	147,422	$	(2,754	)
Schedule of amortized cost and estimated fair value of investment securities available for sale by contractual maturity
		One Year						More than One						More than Five Years					More than
		or Less						Year to Five Years						to Ten Years					Ten Years					Total
		Amortized			Fair			Amortized			Fair			Amortized			Fair		Amortized		Fair			Amortized		Fair
		Cost			Value			Cost			Value			Cost			Value		Cost		Value			Cost		Value
		(dollars in thousands)
	Investment securities available for sale:
	Municipal bonds	$	466		$	470		$	21,044		$	21,076		$	35,914		$	36,539	$	46,573	$	47,438		$	103,997	$	105,523
	Mortgage-backed securities	—			—			251			255			27,988			28,208		146,042		146,475			174,281		174,938
	Total investment securities available for sale	466			470			21,295			21,331			63,902			64,747		192,615		193,913			278,278		280,461

Loans_Held_for_Investment_Tabl

Loans Held for Investment (Tables)	3 Months Ended
	Mar. 31, 2015
Loans Held for Investment
Schedule of components of loans held for investment
		March 31, 2015			December 31, 2014			March 31, 2014
		(in thousands)
	Business loans:
	Commercial and industrial	$	420,218		$	428,207		$	271,877
	Commercial owner occupied (1)	352,351			210,995			223,848
	SBA	49,855			28,404			11,045
	Warehouse facilities	216,554			113,798			81,033
	Real estate loans:
	Commercial non-owner occupied	452,422			359,213			333,490
	Multi-family	397,130			262,965			223,200
	One-to-four family (2)	116,735			122,795			141,469
	Construction	111,704			89,682			29,857
	Land	7,243			9,088			6,170
	Other loans	6,641			3,298			3,480
	Total gross loans (3)	2,130,853			1,628,445			1,325,469
	Less loans held for sale, net	—			—			—
	Total gross loans held for investment	2,130,853			1,628,445			1,325,469
	Deferred loan origination costs/(fees) and premiums/(discounts), net	534			177			(97		)
	Allowance for loan losses	(13,646		)	(12,200		)	(8,685		)
	Loans held for investment, net	$	2,117,741		$	1,616,422		$	1,316,687
	(1) Majority secured by real estate.
	(2) Includes second trust deeds.
	(3) Total gross loans for March 31, 2015 are net of (i) the unaccreted mark-to-market discounts on Canyon National Bank (“Canyon National”) loans of $1.2 million, on Palm Desert National Bank (“Palm Desert National”) loans of $1.3 million, on SDTB loans of $151,000, and on IDPK loans of $6.9 million and (ii) the mark-to-market premium on FAB loans of $28,000.
Summary of Company's investment in purchased credit impaired loans
		March 31, 2015
		Canyon			Palm Desert
		National			National			IDPK			Total
		(in thousands)
	Business loans:
	Commercial and industrial	$	95		$	—		$	601		$	696
	Commercial owner occupied	549			—			2,388			2,937
	SBA	—			—			—			—
	Warehouse facilities	—			—			—			—
	Real estate loans:
	Commercial non-owner occupied	965			—			1,379			2,344
	Multi-family	—			—			—			—
	One-to-four family	—			1			—			1
	Construction	—			—			—			—
	Land	—			—			—			—
	Other loans	—			—			—			—
	Total purchase credit impaired	$	1,609		$	1		$	4,368		$	5,978
Summary of accretable yield on purchased credit impaired
		Three Months Ended
		March 31, 2015
		Canyon National			Palm Desert National			IDPK			Total
		(in thousands)
	Balance at the beginning of period	$	1,351		$	52		$	—		$	1,403
	Accretable yield at acquisition	—			—			602			602
	Accretion	(47		)	—			(30		)	(77		)
	Disposals and other	—			—			(4		)	(4		)
	Change in accretable yield	—			—			—			—
	Balance at the end of period	$	1,304		$	52		$	568		$	1,924
Summary of Company's investment in impaired loans
								Impaired Loans
		Contractual												Specific
		Unpaid									Without			Allowance for		Average		Interest
		Principal			Recorded			With Specific			Specific			Impaired		Recorded		Income
		Balance			Investment			Allowance			Allowance			Loans		Investment		Recognized
		(in thousands)
	31-Mar-15
	Business loans:
	Commercial and industrial	$	2,225		$	1,853		$	—		$	1,853		$	—	$	618	$	—
	Commercial owner occupied	438			379			—			379			—		382		7
	Real estate loans:
	Commercial non-owner occupied	698			458			—			458			—		465		12
	One-to-four family	254			232			—			232			—		234		5
	Totals	$	3,615		$	2,922		$	—		$	2,922		$	—	$	1,699	$	24
								Impaired Loans
		Contractual												Specific
		Unpaid									Without			Allowance for		Average		Interest
		Principal			Recorded			With Specific			Specific			Impaired		Recorded		Income
		Balance			Investment			Allowance			Allowance			Loans		Investment		Recognized
		(in thousands)
	31-Dec-14
	Business loans:
	Commercial and industrial	$	—		$	—		$	—		$	—		$	—	$	11	$	—
	Commercial owner occupied	440			388			—			388			—		514		46
	SBA	—			—			—			—			—		5		—
	Real estate loans:
	Commercial non-owner occupied	1,217			848			—			848			—		908		85
	One-to-four family	256			236			—			236			—		440		17
	Totals	$	1,913		$	1,472		$	—		$	1,472		$	—	$	1,878	$	148
								Impaired Loans
		Contractual												Specific
		Unpaid									Without			Allowance for		Average		Interest
		Principal			Recorded			With Specific			Specific			Impaired		Recorded		Income
		Balance			Investment			Allowance			Allowance			Loans		Investment		Recognized
		(in thousands)
	31-Mar-14
	Business loans:
	Commercial and industrial	$	67		$	31		$	—		$	31		$	—	$	10	$	—
	Commercial owner occupied	870			718			—			718			—		738		—
	SBA	246			14			—			14			—		14		9
	Real estate loans:
	Commercial non-owner occupied	1,894			1,327			—			1,327			—		1,093		17
	One-to-four family	639			593			274			319			104		602		17
	Totals	$	3,716		$	2,683		$	274		$	2,409		$	104	$	2,457	$	43
Summary of additional detail on components of impaired loans
		March 31, 2015			December 31, 2014			March 31, 2014
		(in thousands)
	Nonaccruing loans	$	2,742		$	1,290		$	2,497
	Accruing loans	180			182			186
	Total impaired loans	$	2,922		$	1,472		$	2,683
Summary of loan portfolio by the Company's internal risk grading system
		Credit Risk Grades
					Special						Total Gross
		Pass			Mention			Substandard			Loans
		(in thousands)
	31-Mar-15
	Business loans:
	Commercial and industrial	$	410,328		$	1,250		$	8,640		$	420,218
	Commercial owner occupied	340,685			—			11,666			352,351
	SBA	49,855			—			—			49,855
	Warehouse facilities	216,554			—			—			216,554
	Real estate loans:
	Commercial non-owner occupied	446,900			—			5,522			452,422
	Multi-family	391,690			1,954			3,486			397,130
	One-to-four family	115,780			—			955			116,735
	Construction	111,469			—			235			111,704
	Land	7,243			—			—			7,243
	Other loans	6,641			—			—			6,641
	Totals	$	2,097,145		$	3,204		$	30,504		$	2,130,853
		Credit Risk Grades
					Special						Total Gross
		Pass			Mention			Substandard			Loans
		(in thousands)
	31-Dec-14
	Business loans:
	Commercial and industrial	$	426,379		$	—		$	1,828		$	428,207
	Commercial owner occupied	202,390			—			8,605			210,995
	SBA	28,132			272			—			28,404
	Warehouse facilities	113,798			—			—			113,798
	Real estate loans:
	Commercial non-owner occupied	355,274			—			3,939			359,213
	Multi-family	261,956			501			508			262,965
	One-to-four family	122,146			—			649			122,795
	Construction	89,682			—			—			89,682
	Land	9,088			—			—			9,088
	Other loans	3,298			—			—			3,298
	Totals	$	1,612,143		$	773		$	15,529		$	1,628,445
		Credit Risk Grades
					Special						Total Gross
		Pass			Mention			Substandard			Loans
		(in thousands)
	31-Mar-14
	Business loans:
	Commercial and industrial	$	270,024		$	—		$	1,853		$	271,877
	Commercial owner occupied	212,663			272			10,913			223,848
	SBA	11,031			—			14			11,045
	Warehouse facilities	81,033			—			—			81,033
	Real estate loans:
	Commercial non-owner occupied	328,645			—			4,845			333,490
	Multi-family	222,178			508			514			223,200
	One-to-four family	140,453			—			1,016			141,469
	Construction	29,857			—			—			29,857
	Land	6,170			—			—			6,170
	Other loans	3,478			—			2			3,480
	Totals	$	1,305,532		$	780		$	19,157		$	1,325,469
Schedule of delinquencies in the Company's loan portfolio
					Days Past Due											Non-
		Current			30-59			60-89			90+			Total		Accruing
		(in thousands)
	31-Mar-15
	Business loans:
	Commercial and industrial	$	417,894		$	146		$	—		$	2,178		$	420,218	$	2,455
	Commercial owner occupied	351,600			349			375			27			352,351		527
	SBA	49,855			—			—			—			49,855		—
	Warehouse facilities	216,554			—			—			—			216,554		—
	Real estate loans:
	Commercial non-owner occupied	452,422			—			—			—			452,422		1,602
	Multi-family	397,130			—			—			—			397,130		—
	One-to-four family	116,533			149			—			53			116,735		79
	Construction	111,704			—			—			—			111,704		—
	Land	7,243			—			—			—			7,243		—
	Other loans	6,640			1			—			—			6,641		—
	Totals	$	2,127,575		$	645		$	375		$	2,258		$	2,130,853	$	4,663
					Days Past Due											Non-
		Current			30-59			60-89			90+			Total		Accruing
		(in thousands)
	31-Dec-14
	Business loans:
	Commercial and industrial	$	428,183		$	—		$	24		$	—		$	428,207	$	—
	Commercial owner occupied	210,995			—			—			—			210,995		514
	SBA	28,404			—			—			—			28,404		—
	Warehouse facilities	113,798			—			—			—			113,798		—
	Real estate loans:
	Commercial non-owner occupied	359,213			—			—			—			359,213		848
	Multi-family	262,965			—			—			—			262,965		—
	One-to-four family	122,722			19			—			54			122,795		82
	Construction	89,682			—			—			—			89,682		—
	Land	9,088			—			—			—			9,088		—
	Other loans	3,297			1			—			—			3,298		—
	Totals	$	1,628,347		$	20		$	24		$	54		$	1,628,445	$	1,444
					Days Past Due											Non-
		Current			30-59			60-89			90+			Total		Accruing
		(in thousands)
	31-Mar-14
	Business loans:
	Commercial and industrial	$	271,845		$	—		$	32		$	—		$	271,877	$	31
	Commercial owner occupied	223,402			—			—			446			223,848		864
	SBA	10,985			46			—			14			11,045		14
	Warehouse facilities	81,033			—			—			—			81,033		—
	Real estate loans:
	Commercial non-owner occupied	332,572			—			—			918			333,490		1,327
	Multi-family	223,200			—			—			—			223,200		—
	One-to-four family	141,348			72			—			49			141,469		438
	Construction	29,857			—			—			—			29,857		—
	Land	6,170			—			—			—			6,170		—
	Other loans	3,480			—			—			—			3,480		—
	Totals	$	1,323,892		$	118		$	32		$	1,427		$	1,325,469	$	2,674

Allowance_for_Loan_Losses_Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2015
Allowance for Loan Losses
Summary of allocation of the allowance as well as the activity in the allowance attributed to various segments in the loan portfolio
		Commercial			Commercial			SBA			Warehouse			Commercial			Multi-			One-to-four			Construction			Land			Other			Total
		and industrial			owner						Facilities			non-owner			family			family									loans
					occupied									occupied
		(dollars in thousands)
	Balance, December 31, 2014	$	4,200		$	1,757		$	568		$	546		$	2,007		$	1,060		$	842		$	1,088		$	108		$	24		$	12,200
	Charge-offs	(396		)	—			—			—			—			—			—			—			—			—			(396		)
	Recoveries	12			—			—			—			—			—			—			—			—			—			12
	Provisions for (reduction in) loan losses	1,116			96			(21		)	343			124			243			(168		)	122			(30		)	5			1,830
	Balance, March 31, 2015	$	4,932		$	1,853		$	547		$	889		$	2,131		$	1,303		$	674		$	1,210		$	78		$	29		$	13,646
	Amount of allowance attributed to:
	Specifically evaluated impaired loans	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
	General portfolio allocation	4,932			1,853			547			889			2,131			1,303			674			1,210			78			29			13,646
	Loans individually evaluated for impairment	1,853			379			—			—			458			—			232			—			—			—			2,922
	Specific reserves to total loans individually evaluated for impairment	0		%	0		%	0		%	0		%	0		%	0		%	0		%	0		%	0		%	0		%	0		%
	Loans collectively evaluated for impairment	$	418,365		$	351,972		$	49,855		$	216,554		$	451,964		$	397,130		$	116,503		$	111,704		$	7,243		$	6,641		$	2,127,931
	General reserves to total loans collectively evaluated for impairment	1.18		%	0.53		%	1.1		%	0.41		%	0.47		%	0.33		%	0.58		%	1.08		%	1.08		%	0.44		%	0.64		%
	Total gross loans	$	420,218		$	352,351		$	49,855		$	216,554		$	452,422		$	397,130		$	116,735		$	111,704		$	7,243		$	6,641		$	2,130,853
	Total allowance to gross loans	1.17		%	0.53		%	1.1		%	0.41		%	0.47		%	0.33		%	0.58		%	1.08		%	1.08		%	0.44		%	0.64		%
		Commercial			Commercial			SBA			Warehouse			Commercial			Multi-			One-to-four			Construction			Land			Other			Total
		and industrial			owner						Facilities			non-owner			family			family									loans
					occupied									occupied
		(dollars in thousands)
	Balance, December 31, 2013	$	1,968		$	1,818		$	151		$	392		$	1,658		$	817		$	1,099		$	136		$	127		$	34		$	8,200
	Charge-offs	(124		)	—			—			—			(365		)	—			(12		)	—			—			—			(501		)
	Recoveries	5			—			2			—			—			—			30			—			—			—			37
	Provisions for (reduction in) loan losses	516			(64		)	26			(16		)	564			(12		)	(198		)	187			(46		)	(8		)	949
	Balance, March 31, 2014	$	2,365		$	1,754		$	179		$	376		$	1,857		$	805		$	919		$	323		$	81		$	26		$	8,685
	Amount of allowance attributed to:
	Specifically evaluated impaired loans	$	—		$	—		$	—		$	—		$	—		$	—		$	104		$	—		$	—		$	—		$	104
	General portfolio allocation	2,365			1,754			179			376			1,857			805			815			323			81			26			8,581
	Loans individually evaluated for impairment	31			718			14			—			1,327			—			593			—			—			—			2,683
	Specific reserves to total loans individually evaluated for impairment	0		%	0		%	0		%	0		%	0		%	0		%	17.54		%	0		%	0		%	0		%	3.88		%
	Loans collectively evaluated for impairment	$	271,846		$	223,130		$	11,031		$	81,033		$	332,163		$	223,200		$	140,876		$	29,857		$	6,170		$	3,480		$	1,322,786
	General reserves to total loans collectively evaluated for impairment	0.87		%	0.79		%	1.62		%	0.46		%	0.56		%	0.36		%	0.58		%	1.08		%	1.31		%	0.75		%	0.65		%
	Total gross loans	$	271,877		$	223,848		$	11,045		$	81,033		$	333,490		$	223,200		$	141,469		$	29,857		$	6,170		$	3,480		$	1,325,469
	Total allowance to gross loans	0.87		%	0.78		%	1.62		%	0.46		%	0.56		%	0.36		%	0.65		%	1.08		%	1.31		%	0.75		%	0.66		%

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share
Schedule of number of stock options excluded from the computations of diluted earnings per share
		Three Months Ended
		March 31,
		2015		2014
	Stock options excluded	967,050		700,598
Schedule of Company's unaudited earnings per share calculations
		Three Months Ended March 31,
		2015						2014
		Net				Per Share		Net			Per Share
		Income			Shares	Amount		Income		Shares	Amount
		(dollars in thousands, except per share data)
	Net income	$	1,789					$	2,632
	Basic income available to common stockholders	1,789			20,091,924	$	0.09	2,632		17,041,594	$	0.15
	Effect of dilutive stock options and warrants	—			290,908			—		334,407
	Diluted income available to common stockholders plus assumed conversions	$	1,789		20,382,832	$	0.09	$	2,632	17,376,001	$	0.15

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value of Financial Instruments
Schedule of carrying amount and estimated fair value of financial instruments
		At March 31, 2015
		Carrying											Estimated
		Amount		Level 1			Level 2			Level 3			Fair Value
		(in thousands)
	Assets:
	Cash and cash equivalents	$	178,371	$	178,371		$	—		$	—		$	178,371
	Securities available for sale	280,461		—			280,461			—			280,461
	Federal Reserve Bank, TIB and FHLB stock, at cost	30,586		30,586			—			—			30,586
	Loans held for investment, net	2,117,741		—			—			2,205,161			2,205,161
	Accrued interest receivable	8,769		8,769			—			—			8,769
	Other real estate owned	997		—			—			997			997
	Liabilities:
	Deposit accounts	2,043,166		1,576,056			479,204			—			2,055,260
	FHLB advances	300,000		300,031			—			—			300,031
	Other borrowings	43,434		—			45,084			—			45,084
	Subordinated debentures	70,310		—			69,501			—			69,501
	Accrued interest payable	177		177			—			—			177
		At December 31, 2014
		Carrying											Estimated
		Amount		Level 1			Level 2			Level 3			Fair Value
		(in thousands)
	Assets:
	Cash and cash equivalents	$	110,925	$	110,925		$	—		$	—		$	110,925
	Securities available for sale	201,638		—			201,638			—			201,638
	Federal Reserve Bank and FHLB stock, at cost	17,067		17,067			—			—			17,067
	Loans held for investment, net	1,616,422		—			—			1,686,046			1,686,046
	Accrued interest receivable	7,131		7,131			—			—			7,131
	Other real estate owned	1,037		—			—			1,037			1,037
	Liabilities:
	Deposit accounts	1,630,826		1,216,847			519,898			—			1,736,745
	FHLB advances	70,000		70,025			—			—			70,025
	Other borrowings	46,643		—			48,312			—			48,312
	Subordinated debentures	70,310		—			33,456			—			33,456
	Accrued interest payable	209		209			—			—			209
		At March 31, 2014
		Carrying		Level 1			Level 2			Level 3			Estimated
		Amount											Fair Value
		(in thousands)
	Assets:
	Cash and cash equivalents	$	124,419	$	124,419		$	—		$	—		$	124,419
	Securities available for sale	202,142		—			202,142			—			202,142
	Federal Reserve Bank and FHLB stock, at cost	14,104		14,104			—			—			14,104
	Loans held for investment, net	1,316,687		—			—			1,392,661			1,392,661
	Accrued interest receivable	5,865		5,865			—			—			5,865
	Other real estate owned	752		—			—			752			752
	SWD
	Liabilities:
	Deposit accounts	1,435,203		1,110,877			354,437			—			1,465,314
	FHLB advances	50,000		50,000			—			—			50,000
	Other borrowings	45,506		—			47,708			—			47,708
	Subordinated debentures	10,310		—			4,649			—			4,649
	Accrued interest payable	168		168			—			—			168
Schedule of Off-balance sheet commitments and standby letters of credit
		Notional											Cost to Cede
		Amount		Level 1			Level 2			Level 3			or Assume
	Off-balance sheet commitments and standby letters of credit	$	403,084	$	—		$	40,308		$	—		$	40,308
		Notional											Cost to Cede
		Amount		Level 1			Level 2			Level 3			or Assume
	Off-balance sheet commitments and standby letters of credit	$	355,024	$	—		$	35,502		$	—		$	35,502
		Notional		Level 1			Level 2			Level 3			Cost to Cede
		Amount											or Assume
	Off-balance sheet commitments and standby letters of credit	$	246,014	$	—		$	24,601		$	—		$	24,601
Schedule of Company's financial instruments measured at fair value on a recurring basis
		March 31, 2015
		Fair Value Measurement Using								Securities at
		Level 1		Level 2			Level 3			Fair Value
		(in thousands)
	Investment securities available for sale:
	Municipal bonds	$	—	$	105,523		$	—		$	105,523
	Mortgage-backed securities	—		174,938			—			174,938
	Total securities available for sale	$	—	$	280,461		$	—		$	280,461
		March 31, 2014
		Fair Value Measurement Using								Securities at
		Level 1		Level 2			Level 3			Fair Value
		(in thousands)
	Investment securities available for sale:
	Municipal bonds	$	—	$	77,324		$	—		77,324
	Mortgage-backed securities	—		124,818			—			124,818
	Total securities available for sale	$	—	$	202,142		$	—		$	202,142
Schedule of Company's assets measured at fair value on a non-recurring basis
		March 31, 2015
		Fair Value Measurement Using								Assets at
		Level 1		Level 2			Level 3			Fair Value
		(in thousands)
	Assets
	Collateral dependent impaired loans	$	—	$	—		$	2,742		$	2,742
	Other real estate owned	—		—			997			997
	Total assets	$	—	$	—		$	3,739		$	3,739
		March 31, 2014
		Fair Value Measurement Using								Assets at
		Level 1		Level 2			Level 3			Fair Value
		(in thousands)
	Assets
	Collateral dependent impaired loans	$	—	$	—		$	1,730		$	1,730
	Other real estate owned	—		—			752			752
	Total assets	$	—	$	—		$	2,482		$	2,482
Schedule of quantitative information about level 3 of fair value measurements for financial instruments measured at fair value on a non-recurring basis
		March 31, 2015
										Range
		Fair Value		Valuation		Unobservable Inputs		Rate		Maturity		Unobservable
				Techniques						(years)		Inputs
	Collateral dependent impaired loans:
	Business loans:
	Commercial and industrial	$	1,853	Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.70	%	8		0-10%
	Commercial owner occupied	379		Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.75	%	7		0-10%
	Real estate loans:
	Commercial non-owner occupied	458		Collateral valuation		Management adjustment to reflect current conditions and selling costs		7.00	%	12		0-15%
	One-to-four family	52		Collateral valuation		Management adjustment to reflect current conditions and selling costs		8.00% - 15.00%		16-May		0-10%
	Total collateral dependent impaired loans	$	2,742
	Other real estate owned
	Land	$	711	Collateral valuation		Management adjustment to reflect current conditions and selling costs		—		—		0-10%
	One-to-four family	286		Collateral valuation		Management adjustment to reflect current conditions and selling costs		—		—		0-10%
	Total other real estate owned	$	997
		March 31, 2014
								Range
		Fair Value		Valuation		Unobservable Inputs		Rate		Maturity		Unobservable
				Techniques						(years)		Inputs
	Collateral dependent impaired loans:
	Business loans:
	Commercial and industrial	$	31	Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.00	%	3		0-10%
	Commercial owner occupied	718		Collateral valuation		Management adjustment to reflect current conditions and selling costs		7.00-11.75%		8-Mar		0-10%
	SBA	14		Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.00	%	7		0-20%
	Real estate loans:
	Commercial non-owner occupied	918		Collateral valuation		Management adjustment to reflect current conditions and selling costs		6.13-7.00%		13-Dec		0-15%
	One-to-four family	49		Collateral valuation		Management adjustment to reflect current conditions and selling costs		11.10-15.00%		15-Jun		0-10%
	Total collateral dependent impaired loans	$	1,730
	Other real estate owned
	Land	$	752	Collateral valuation		Management adjustment to reflect current conditions and selling costs		—		—		0-10%
	Total other real estate owned	$	752

Significant_Accounting_Policie2

Significant Accounting Policies (Details) (Core deposit)	3 Months Ended
	Mar. 31, 2015
Minimum
Significant Accounting Policies
Estimated useful lives	6 years
Maximum
Significant Accounting Policies
Estimated useful lives	10 years

Acquisitions_Details

Acquisitions (Details) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 26, 2015	Jan. 30, 2014	Dec. 31, 2014
				item
Acquisitions
Delinquent loans or adversely classified assets	$4,663,000	$2,674,000			$1,444,000
LIABILITIES ASSUMED
Goodwill recognized	51,010,000	22,950,000			22,950,000
Total purchase credit impaired loans	5,978,000
Pro forma net interest and other income, net income and earnings per share
Net interest and other income	24,687,000	19,715,000
Net income	802,000	3,028,000
Basic earnings per share (in dollars per share)	$0.04	$0.14
Diluted earnings per share (in dollars per share)	$0.04	$0.14
Independence Bank
Acquisitions
Cash consideration for common stockholders			6,100,000
Cash consideration for holders of stock options and warrants			1,500,000
Number of shares of common stock issued as consideration			4,480,645
Value of shares of common stock issued as consideration			70,900,000
Closing stock price of common stock			$15.83
ASSETS ACQUIRED
Cash and cash equivalents			10,486,000
Investment securities			56,121,000
Loans, gross			332,893,000
Deferred income taxes			3,969,000
Bank owned life insurance			11,276,000
Core deposit intangible			2,903,000
Other assets			3,860,000
Total assets acquired			421,508,000
LIABILITIES ASSUMED
Deposits			336,018,000
FHLB advances			33,300,000
Other liabilities			1,796,000
Total liabilities assumed			371,114,000
Excess of assets acquired over liabilities assumed			50,394,000
Consideration paid			78,454,000
Goodwill recognized			28,060,000
Total purchase credit impaired loans	4,368,000
Independence Bank | Acquired Loans
Contractual amounts due, expected cash flows to be collected, interest component and fair value as of the respective acquisition dates
Contractual amounts due	453,987,000
Cash flows not expected to be collected	3,795,000
Expected cash flows	450,192,000
Interest component of expected cash flows	117,299,000
Fair value of acquired loans	332,893,000
Independence Bank | As initially reported
ASSETS ACQUIRED
Cash and cash equivalents			10,486,000
Investment securities			56,503,000
Loans, gross			339,502,000
Allowance for loan losses			-3,301,000
Deferred income taxes			3,252,000
Bank owned life insurance			11,276,000
Core deposit intangible			904,000
Other assets			3,756,000
Total assets acquired			422,378,000
LIABILITIES ASSUMED
Deposits			335,685,000
FHLB advances			33,300,000
Other liabilities			1,916,000
Total liabilities assumed			370,901,000
Excess of assets acquired over liabilities assumed			51,477,000
Independence Bank | Fair Value Adjustments
ASSETS ACQUIRED
Investment securities			-382,000
Loans, gross			-6,609,000
Allowance for loan losses			3,301,000
Deferred income taxes			717,000
Core deposit intangible			1,999,000
Other assets			105,000
Total assets acquired			-869,000
LIABILITIES ASSUMED
Deposits			333,000
Other liabilities			-120,000
Total liabilities assumed			213,000
Excess of assets acquired over liabilities assumed			-1,082,000
Infinity Franchise Holdings Acquisition
Acquisitions
Delinquent loans or adversely classified assets				0
Cash consideration				8,300,000
Number of shares of common stock issued as consideration				562,469
Stock price of the acquired entity (in dollars per share)				$16.02
Period prior to announcement of the transaction for which average closing price is considered to calculate value of shares to be issued				10 days
Number of entities in business combination				2
ASSETS ACQUIRED
Cash and cash equivalents				555,000
Loans, gross				78,833,000
Other assets				776,000
Total assets acquired				80,164,000
LIABILITIES ASSUMED
Bank loan				67,617,000
Accrued compensation				495,000
Other liabilities				214,000
Total liabilities assumed				68,326,000
Excess of assets acquired over liabilities assumed				11,838,000
Consideration paid				17,360,000
Goodwill recognized				5,522,000
Total purchase credit impaired loans				0
Infinity Franchise Holdings Acquisition | Acquired Loans
Contractual amounts due, expected cash flows to be collected, interest component and fair value as of the respective acquisition dates
Contractual amounts due	98,320,000
Expected cash flows	98,320,000
Interest component of expected cash flows	19,487,000
Fair value of acquired loans	78,833,000
Infinity Franchise Holdings Acquisition | As initially reported
ASSETS ACQUIRED
Cash and cash equivalents				555,000
Loans, gross				78,833,000
Deferred loan costs				1,082,000
Allowance for loan losses				-268,000
Other assets				776,000
Total assets acquired				80,978,000
LIABILITIES ASSUMED
Bank loan				67,617,000
Accrued compensation				495,000
Other liabilities				214,000
Total liabilities assumed				68,326,000
Excess of assets acquired over liabilities assumed				12,652,000
Infinity Franchise Holdings Acquisition | Fair Value Adjustments
ASSETS ACQUIRED
Deferred loan costs				-1,082,000
Allowance for loan losses				268,000
Total assets acquired				-814,000
LIABILITIES ASSUMED
Excess of assets acquired over liabilities assumed				($814,000)
Maximum
LIABILITIES ASSUMED
Extension period for measurement of fair values	1 year

Investment_Securities_Details

Investment Securities (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
	item
Investment securities available for sale:
Amortized Cost	$278,278,000	$200,758,000	$203,983,000
Unrealized Gain	2,815,000	1,667,000	913,000
Unrealized Loss	-632,000	-787,000	-2,754,000
Total	280,461,000	201,638,000	202,142,000
Equities held at cost, Estimated Fair Value
FHLB stock	21,900,000
FRB stock	5,400,000
Other stock	3,300,000
Additional disclosures
Excess FHLB stock with the entity repurchased by FHLB through their stock repurchase program	13,500,000
Number of inverse putable reverse repurchase of the Bank's secured by collateral	3
Value of inverse putable reverse repurchases secured by collateral	28,500,000
HOA
Additional disclosures
Value of inverse putable reverse repurchases secured by collateral	14,900,000
Municipal bonds
Investment securities available for sale:
Amortized Cost	103,997,000	88,599,000	77,062,000
Unrealized Gain	1,718,000	1,235,000	848,000
Unrealized Loss	-192,000	-173,000	-586,000
Total	105,523,000	89,661,000	77,324,000
Mortgage-backed securities
Investment securities available for sale:
Amortized Cost	174,281,000	112,159,000	126,921,000
Unrealized Gain	1,097,000	432,000	65,000
Unrealized Loss	-440,000	-614,000	-2,168,000
Total	174,938,000	111,977,000	124,818,000
Additional disclosures
Estimated par value of securities pledged as collateral for the Bank's inverse putable reverse repurchases	59,600,000
Fair value of securities pledged as collateral for the Bank's inverse putable reverse repurchases	$61,700,000

Investment_Securities_Details_

Investment Securities (Details 2) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified	item	item	item
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Number	58	42	106
Less than 12 months, Fair Value	$42,675	$42,482	$130,064
Less than 12 months, Gross Unrealized Holding Losses	-245	-222	-1,898
12 months or more, Number	6	20	13
12 months or more, Fair Value	16,184	25,352	17,358
12 months or more, Gross Unrealized Holding Losses	-387	-565	-856
Total, Number	64	62	119
Total, Fair Value	58,859	67,834	147,422
Total, Gross Unrealized Holding Losses	-632	-787	-2,754
Municipal bonds
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Number	48	35	74
Less than 12 months, Fair Value	20,818	18,129	36,765
Less than 12 months, Gross Unrealized Holding Losses	-179	-117	-476
12 months or more, Number	3	16	12
12 months or more, Fair Value	1,073	6,510	5,046
12 months or more, Gross Unrealized Holding Losses	-13	-56	-110
Total, Number	51	51	86
Total, Fair Value	21,891	24,639	41,811
Total, Gross Unrealized Holding Losses	-192	-173	-586
Mortgage-backed securities
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Number	10	7	32
Less than 12 months, Fair Value	21,857	24,353	93,299
Less than 12 months, Gross Unrealized Holding Losses	-66	-105	-1,422
12 months or more, Number	3	4	1
12 months or more, Fair Value	15,111	18,842	12,312
12 months or more, Gross Unrealized Holding Losses	-374	-509	-746
Total, Number	13	11	33
Total, Fair Value	36,968	43,195	105,611
Total, Gross Unrealized Holding Losses	($440)	($614)	($2,168)

Investment_Securities_Details_1

Investment Securities (Details 3) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Investment securities available for sale, Amortized Cost
More than One Year to Five Years	$21,295,000
More than Five Years to Ten Years	63,902,000
More than Ten Years	192,615,000
Total	278,278,000
One Year or Less	466,000
Investment securities available for sale, Fair Value
More than One Year to Five Years	21,331,000
More than Five Years to Ten Years	64,747,000
More than Ten Years	193,913,000
Total	280,461,000	201,638,000	202,142,000
One Year or Less	470,000
Stock, Fair Value
FHLB stock	21,900,000
FRB stock	5,400,000
Accumulated other comprehensive income (loss)	2,200,000	880,000
Accumulated other comprehensive income, net of tax	1,285,000	518,000	-1,084,000
Municipal bonds
Investment securities available for sale, Amortized Cost
More than One Year to Five Years	21,044,000
More than Five Years to Ten Years	35,914,000
More than Ten Years	46,573,000
Total	103,997,000
One Year or Less	466,000
Investment securities available for sale, Fair Value
More than One Year to Five Years	21,076,000
More than Five Years to Ten Years	36,539,000
More than Ten Years	47,438,000
Total	105,523,000	89,661,000	77,324,000
One Year or Less	470,000
Mortgage-backed securities
Investment securities available for sale, Amortized Cost
More than One Year to Five Years	251,000
More than Five Years to Ten Years	27,988,000
More than Ten Years	146,042,000
Total	174,281,000
Investment securities available for sale, Fair Value
More than One Year to Five Years	255,000
More than Five Years to Ten Years	28,208,000
More than Ten Years	146,475,000
Total	$174,938,000	$111,977,000	$124,818,000

Loans_Held_for_Investment_Deta

Loans Held for Investment (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Loans Held for Investment
Total gross loans	2,130,853,000	$1,628,445,000	$1,325,469,000
Total gross loans held for investment	2,130,853,000	1,628,445,000	1,325,469,000
Deferred loan origination costs/(fees) and premiums/(discounts), net	534,000	177,000	-97,000
Allowance for loan losses	-13,646,000	-12,200,000	-8,685,000	-8,200,000
Loans held for investment, net	2,117,741,000	1,616,422,000	1,316,687,000
Secured loans limit to one borrower	83,900,000
Unsecured loans limit to one borrower	50,400,000
Aggregate outstanding balance of loans to one borrower of secured credit	44,900,000
Purchased Credit Impaired
Total purchase credit impaired	5,978,000
Purchased credit impaired loans, nonaccrual status	1,700,000
Maximum
Loans Held for Investment
Secured loans limit to one borrower (as a percent)	25.00%
Unsecured loans limit to one borrower (as a percent)	15.00%
Business loans: Commercial and industrial
Loans Held for Investment
Total gross loans	420,218,000	428,207,000	271,877,000
Allowance for loan losses	-4,932,000	-4,200,000	-2,365,000	-1,968,000
Purchased Credit Impaired
Total purchase credit impaired	696,000
Business loans: Commercial owner occupied
Loans Held for Investment
Total gross loans	352,351,000	210,995,000	223,848,000
Allowance for loan losses	-1,853,000	-1,757,000	-1,754,000	-1,818,000
Purchased Credit Impaired
Total purchase credit impaired	2,937,000
Business loans: SBA
Loans Held for Investment
Total gross loans	49,855,000	28,404,000	11,045,000
Allowance for loan losses	-547,000	-568,000	-179,000	-151,000
Business loans: Warehouse facilities
Loans Held for Investment
Total gross loans	216,554,000	113,798,000	81,033,000
Allowance for loan losses	-889,000	-546,000	-376,000	-392,000
Real estate loans: Commercial non-owner occupied
Loans Held for Investment
Total gross loans	452,422,000	359,213,000	333,490,000
Allowance for loan losses	-2,131,000	-2,007,000	-1,857,000	-1,658,000
Purchased Credit Impaired
Total purchase credit impaired	2,344,000
Real estate loans: Multi-family
Loans Held for Investment
Total gross loans	397,130,000	262,965,000	223,200,000
Allowance for loan losses	-1,303,000	-1,060,000	-805,000	-817,000
Real estate loans: One-to-four family
Loans Held for Investment
Total gross loans	116,735,000	122,795,000	141,469,000
Allowance for loan losses	-674,000	-842,000	-919,000	-1,099,000
Purchased Credit Impaired
Total purchase credit impaired	1,000
Real estate loans: Construction
Loans Held for Investment
Total gross loans	111,704,000	89,682,000	29,857,000
Allowance for loan losses	-1,210,000	-1,088,000	-323,000	-136,000
Real estate loans: Land
Loans Held for Investment
Total gross loans	7,243,000	9,088,000	6,170,000
Allowance for loan losses	-78,000	-108,000	-81,000	-127,000
Other loans
Loans Held for Investment
Total gross loans	6,641,000	3,298,000	3,480,000
Allowance for loan losses	-29,000	-24,000	-26,000	-34,000
Canyon National
Loans Held for Investment
Unaccreted mark-to-market discount	1,200,000
Purchased Credit Impaired
Total purchase credit impaired	1,609,000
Canyon National | Business loans: Commercial and industrial
Purchased Credit Impaired
Total purchase credit impaired	95,000
Canyon National | Business loans: Commercial owner occupied
Purchased Credit Impaired
Total purchase credit impaired	549,000
Canyon National | Real estate loans: Commercial non-owner occupied
Purchased Credit Impaired
Total purchase credit impaired	965,000
Palm Desert National
Loans Held for Investment
Unaccreted mark-to-market discount	1,300,000
Purchased Credit Impaired
Total purchase credit impaired	1,000
Palm Desert National | Real estate loans: One-to-four family
Purchased Credit Impaired
Total purchase credit impaired	1,000
San Diego Trust Bank
Loans Held for Investment
Unaccreted mark-to-market discount	151,000
Independence Bank
Loans Held for Investment
Unaccreted mark-to-market discount	6,900,000
Purchased Credit Impaired
Total purchase credit impaired	4,368,000
Independence Bank | Business loans: Commercial and industrial
Purchased Credit Impaired
Total purchase credit impaired	601,000
Independence Bank | Business loans: Commercial owner occupied
Purchased Credit Impaired
Total purchase credit impaired	2,388,000
Independence Bank | Real estate loans: Commercial non-owner occupied
Purchased Credit Impaired
Total purchase credit impaired	1,379,000
First Association Bank
Loans Held for Investment
Mark-to-market premium	28,000

Loans_Held_for_Investment_Deta1

Loans Held for Investment (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Accretable yield on purchased credit impaired
Balance at the beginning of period	$1,403
Accretable yield at acquisition	602
Accretion	-77
Disposals and other	-4
Balance at the end of period	1,924
Canyon National
Accretable yield on purchased credit impaired
Balance at the beginning of period	1,351
Accretion	-47
Balance at the end of period	1,304
Palm Desert National
Accretable yield on purchased credit impaired
Balance at the beginning of period		52
Balance at the end of period	52	52
Independence Bank
Accretable yield on purchased credit impaired
Accretable yield at acquisition	602
Accretion	-30
Disposals and other	-4
Balance at the end of period	$568

Loans_Held_for_Investment_Deta2

Loans Held for Investment (Details 3) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	item	item
Impaired Loans
Contractual Unpaid Principal Balance	$3,615	$3,716	$1,913
Recorded Investment	2,922	2,683	1,472
With Specific Allowance		274
Without Specific Allowance	2,922	2,409	1,472
Specific Allowance for Impaired Loans		104
Average Recorded Investment	1,699	2,457	1,878
Interest Income Recognized	24	43	148
Nonaccruing loans	2,742	2,497	1,290
Accruing loans	180	186	182
Total impaired loans	2,922	2,683	1,472
Loans 90 days or more past due and still accruing	0	0	0
Number of TDRs	0	0
Business loans: Commercial and industrial
Impaired Loans
Contractual Unpaid Principal Balance	2,225	67
Recorded Investment	1,853	31
Without Specific Allowance	1,853	31
Average Recorded Investment	618	10	11
Total impaired loans	1,853	31
Business loans: Commercial owner occupied
Impaired Loans
Contractual Unpaid Principal Balance	438	870	440
Recorded Investment	379	718	388
Without Specific Allowance	379	718	388
Average Recorded Investment	382	738	514
Interest Income Recognized	7		46
Total impaired loans	379	718	388
Business loans: SBA
Impaired Loans
Contractual Unpaid Principal Balance		246
Recorded Investment		14
Without Specific Allowance		14
Average Recorded Investment		14	5
Interest Income Recognized		9
Total impaired loans		14
Real estate loans: Commercial non-owner occupied
Impaired Loans
Contractual Unpaid Principal Balance	698	1,894	1,217
Recorded Investment	458	1,327	848
Without Specific Allowance	458	1,327	848
Average Recorded Investment	465	1,093	908
Interest Income Recognized	12	17	85
Total impaired loans	458	1,327	848
Real estate loans: One-to-four family
Impaired Loans
Contractual Unpaid Principal Balance	254	639	256
Recorded Investment	232	593	236
With Specific Allowance		274
Without Specific Allowance	232	319	236
Specific Allowance for Impaired Loans		104
Average Recorded Investment	234	602	440
Interest Income Recognized	5	17	17
Total impaired loans	$232	$593	$236

Loans_Held_for_Investment_Deta3

Loans Held for Investment (Details 4) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
	item
Loans Held for Investment
Number of areas where the entity's credit quality is maintained and credit risk managed	2
Number of Pass scale grades	6
Credit Risk Grades
Total Gross Loans	$2,130,853	$1,628,445	$1,325,469
Business loans: Commercial and industrial
Credit Risk Grades
Total Gross Loans	420,218	428,207	271,877
Business loans: Commercial owner occupied
Credit Risk Grades
Total Gross Loans	352,351	210,995	223,848
Business loans: SBA
Credit Risk Grades
Total Gross Loans	49,855	28,404	11,045
Business loans: Warehouse facilities
Credit Risk Grades
Total Gross Loans	216,554	113,798	81,033
Real estate loans: Commercial non-owner occupied
Credit Risk Grades
Total Gross Loans	452,422	359,213	333,490
Real estate loans: Multi-family
Credit Risk Grades
Total Gross Loans	397,130	262,965	223,200
Real estate loans: One-to-four family
Credit Risk Grades
Total Gross Loans	116,735	122,795	141,469
Real estate loans: Construction
Credit Risk Grades
Total Gross Loans	111,704	89,682	29,857
Real estate loans: Land
Credit Risk Grades
Total Gross Loans	7,243	9,088	6,170
Other loans
Credit Risk Grades
Total Gross Loans	6,641	3,298	3,480
Pass
Credit Risk Grades
Total Gross Loans	2,097,145	1,612,143	1,305,532
Pass | Business loans: Commercial and industrial
Credit Risk Grades
Total Gross Loans	410,328	426,379	270,024
Pass | Business loans: Commercial owner occupied
Credit Risk Grades
Total Gross Loans	340,685	202,390	212,663
Pass | Business loans: SBA
Credit Risk Grades
Total Gross Loans	49,855	28,132	11,031
Pass | Business loans: Warehouse facilities
Credit Risk Grades
Total Gross Loans	216,554	113,798	81,033
Pass | Real estate loans: Commercial non-owner occupied
Credit Risk Grades
Total Gross Loans	446,900	355,274	328,645
Pass | Real estate loans: Multi-family
Credit Risk Grades
Total Gross Loans	391,690	261,956	222,178
Pass | Real estate loans: One-to-four family
Credit Risk Grades
Total Gross Loans	115,780	122,146	140,453
Pass | Real estate loans: Construction
Credit Risk Grades
Total Gross Loans	111,469	89,682	29,857
Pass | Real estate loans: Land
Credit Risk Grades
Total Gross Loans	7,243	9,088	6,170
Pass | Other loans
Credit Risk Grades
Total Gross Loans	6,641	3,298	3,478
Special Mention
Credit Risk Grades
Total Gross Loans	3,204	773	780
Special Mention | Business loans: Commercial and industrial
Credit Risk Grades
Total Gross Loans	1,250
Special Mention | Business loans: Commercial owner occupied
Credit Risk Grades
Total Gross Loans			272
Special Mention | Business loans: SBA
Credit Risk Grades
Total Gross Loans		272
Special Mention | Real estate loans: Multi-family
Credit Risk Grades
Total Gross Loans	1,954	501	508
Substandard
Credit Risk Grades
Total Gross Loans	30,504	15,529	19,157
Substandard | Business loans: Commercial and industrial
Credit Risk Grades
Total Gross Loans	8,640	1,828	1,853
Substandard | Business loans: Commercial owner occupied
Credit Risk Grades
Total Gross Loans	11,666	8,605	10,913
Substandard | Business loans: SBA
Credit Risk Grades
Total Gross Loans			14
Substandard | Real estate loans: Commercial non-owner occupied
Credit Risk Grades
Total Gross Loans	5,522	3,939	4,845
Substandard | Real estate loans: Multi-family
Credit Risk Grades
Total Gross Loans	3,486	508	514
Substandard | Real estate loans: One-to-four family
Credit Risk Grades
Total Gross Loans	955	649	1,016
Substandard | Real estate loans: Construction
Credit Risk Grades
Total Gross Loans	235
Substandard | Other loans
Credit Risk Grades
Total Gross Loans			$2

Loans_Held_for_Investment_Deta4

Loans Held for Investment (Details 5) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Other information concerning the credit quality
Current	$2,127,575	$1,628,347	$1,323,892
30-59 Days Past Due	645	20	118
60-89 Days Past Due	375	24	32
90+ Days Past Due	2,258	54	1,427
Total	2,130,853	1,628,445	1,325,469
Non-Accruing	4,663	1,444	2,674
Business loans: Commercial and industrial
Other information concerning the credit quality
Current	417,894	428,183	271,845
30-59 Days Past Due	146
60-89 Days Past Due		24	32
90+ Days Past Due	2,178
Total	420,218	428,207	271,877
Non-Accruing	2,455		31
Business loans: Commercial owner occupied
Other information concerning the credit quality
Current	351,600	210,995	223,402
30-59 Days Past Due	349
60-89 Days Past Due	375
90+ Days Past Due	27		446
Total	352,351	210,995	223,848
Non-Accruing	527	514	864
Business loans: SBA
Other information concerning the credit quality
Current	49,855	28,404	10,985
30-59 Days Past Due			46
90+ Days Past Due			14
Total	49,855	28,404	11,045
Non-Accruing			14
Business loans: Warehouse facilities
Other information concerning the credit quality
Current	216,554	113,798	81,033
Total	216,554	113,798	81,033
Real estate loans: Commercial non-owner occupied
Other information concerning the credit quality
Current	452,422	359,213	332,572
90+ Days Past Due			918
Total	452,422	359,213	333,490
Non-Accruing	1,602	848	1,327
Real estate loans: Multi-family
Other information concerning the credit quality
Current	397,130	262,965	223,200
Total	397,130	262,965	223,200
Real estate loans: One-to-four family
Other information concerning the credit quality
Current	116,533	122,722	141,348
30-59 Days Past Due	149	19	72
90+ Days Past Due	53	54	49
Total	116,735	122,795	141,469
Non-Accruing	79	82	438
Real estate loans: Construction
Other information concerning the credit quality
Current	111,704	89,682	29,857
Total	111,704	89,682	29,857
Real estate loans: Land
Other information concerning the credit quality
Current	7,243	9,088	6,170
Total	7,243	9,088	6,170
Other loans
Other information concerning the credit quality
Current	6,640	3,297	3,480
30-59 Days Past Due	1	1
Total	$6,641	$3,298	$3,480

Allowance_for_Loan_Losses_Deta

Allowance for Loan Losses (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	$12,200	$8,200
Charge-offs	-396	-501
Recoveries	12	37
Provisions for (reduction in) loan losses	1,830	949
Balance, at the end of the period	13,646	8,685
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans		104
Amount of allowance attributed to: General portfolio allocation	13,646	8,581
Loans individually evaluated for impairment	2,922	2,683
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	3.88%
Loans collectively evaluated for impairment	2,127,931	1,322,786
General reserves to total loans collectively evaluated for impairment (as a percent)	0.64%	0.65%
Total gross loans	2,130,853	1,325,469	1,628,445
Total allowance to gross loans (as a percent)	0.64%	0.66%
Business loans: Commercial and industrial
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	4,200	1,968
Charge-offs	-396	-124
Recoveries	12	5
Provisions for (reduction in) loan losses	1,116	516
Balance, at the end of the period	4,932	2,365
Other disclosures
Amount of allowance attributed to: General portfolio allocation	4,932	2,365
Loans individually evaluated for impairment	1,853	31
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	418,365	271,846
General reserves to total loans collectively evaluated for impairment (as a percent)	1.18%	0.87%
Total gross loans	420,218	271,877	428,207
Total allowance to gross loans (as a percent)	1.17%	0.87%
Business loans: Commercial owner occupied
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	1,757	1,818
Provisions for (reduction in) loan losses	96	-64
Balance, at the end of the period	1,853	1,754
Other disclosures
Amount of allowance attributed to: General portfolio allocation	1,853	1,754
Loans individually evaluated for impairment	379	718
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	351,972	223,130
General reserves to total loans collectively evaluated for impairment (as a percent)	0.53%	0.79%
Total gross loans	352,351	223,848	210,995
Total allowance to gross loans (as a percent)	0.53%	0.78%
Business loans: SBA
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	568	151
Recoveries		2
Provisions for (reduction in) loan losses	-21	26
Balance, at the end of the period	547	179
Other disclosures
Amount of allowance attributed to: General portfolio allocation	547	179
Loans individually evaluated for impairment		14
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	49,855	11,031
General reserves to total loans collectively evaluated for impairment (as a percent)	1.10%	1.62%
Total gross loans	49,855	11,045	28,404
Total allowance to gross loans (as a percent)	1.10%	1.62%
Business loans: Warehouse facilities
Allowance for Loan Losses
Period considered for comparison of allowance for loan losses factor	10 years
Period considered for comparison of entity's allowance for loan losses factor	15 years
Trailing period considered for comparison of allowance for loan losses factor	12 months
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	546	392
Provisions for (reduction in) loan losses	343	-16
Balance, at the end of the period	889	376
Other disclosures
Amount of allowance attributed to: General portfolio allocation	889	376
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	216,554	81,033
General reserves to total loans collectively evaluated for impairment (as a percent)	0.41%	0.46%
Total gross loans	216,554	81,033	113,798
Total allowance to gross loans (as a percent)	0.41%	0.46%
Real estate loans: Commercial non-owner occupied
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	2,007	1,658
Charge-offs		-365
Provisions for (reduction in) loan losses	124	564
Balance, at the end of the period	2,131	1,857
Other disclosures
Amount of allowance attributed to: General portfolio allocation	2,131	1,857
Loans individually evaluated for impairment	458	1,327
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	451,964	332,163
General reserves to total loans collectively evaluated for impairment (as a percent)	0.47%	0.56%
Total gross loans	452,422	333,490	359,213
Total allowance to gross loans (as a percent)	0.47%	0.56%
Real estate loans: Multi-family
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	1,060	817
Provisions for (reduction in) loan losses	243	-12
Balance, at the end of the period	1,303	805
Other disclosures
Amount of allowance attributed to: General portfolio allocation	1,303	805
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	397,130	223,200
General reserves to total loans collectively evaluated for impairment (as a percent)	0.33%	0.36%
Total gross loans	397,130	223,200	262,965
Total allowance to gross loans (as a percent)	0.33%	0.36%
Real estate loans: One-to-four family
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	842	1,099
Charge-offs		-12
Recoveries		30
Provisions for (reduction in) loan losses	-168	-198
Balance, at the end of the period	674	919
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans		104
Amount of allowance attributed to: General portfolio allocation	674	815
Loans individually evaluated for impairment	232	593
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	17.54%
Loans collectively evaluated for impairment	116,503	140,876
General reserves to total loans collectively evaluated for impairment (as a percent)	0.58%	0.58%
Total gross loans	116,735	141,469	122,795
Total allowance to gross loans (as a percent)	0.58%	0.65%
Real estate loans: Construction
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	1,088	136
Provisions for (reduction in) loan losses	122	187
Balance, at the end of the period	1,210	323
Other disclosures
Amount of allowance attributed to: General portfolio allocation	1,210	323
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	111,704	29,857
General reserves to total loans collectively evaluated for impairment (as a percent)	1.08%	1.08%
Total gross loans	111,704	29,857	89,682
Total allowance to gross loans (as a percent)	1.08%	1.08%
Real estate loans: Land
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	108	127
Provisions for (reduction in) loan losses	-30	-46
Balance, at the end of the period	78	81
Other disclosures
Amount of allowance attributed to: General portfolio allocation	78	81
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	7,243	6,170
General reserves to total loans collectively evaluated for impairment (as a percent)	1.08%	1.31%
Total gross loans	7,243	6,170	9,088
Total allowance to gross loans (as a percent)	1.08%	1.31%
Other loans
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period	24	34
Provisions for (reduction in) loan losses	5	-8
Balance, at the end of the period	29	26
Other disclosures
Amount of allowance attributed to: General portfolio allocation	29	26
Specific reserves to total loans individually evaluated for impairment (as a percent)	0.00%	0.00%
Loans collectively evaluated for impairment	6,641	3,480
General reserves to total loans collectively evaluated for impairment (as a percent)	0.44%	0.75%
Total gross loans	$6,641	$3,480	$3,298
Total allowance to gross loans (as a percent)	0.44%	0.75%
Owner Occupied Commercial Real Estate Loans, Commercial and Industrial Loans and SBA Loans
Allowance for Loan Losses
Trailing period one considered for determination of allowance for loan losses factor	24 months
Period considered for comparison of allowance for loan losses factor	10 years
Period considered for comparison of entity's allowance for loan losses factor	15 years
Trailing period considered for comparison of allowance for loan losses factor	12 months
Annualized trailing period one considered for determination of allowance for loan losses factor	72 months
Annualized trailing period two considered for determination of allowance for loan losses factor	36 months
Annualized trailing period three considered for determination of allowance for loan losses factor	24 months
Annualized trailing period four considered for determination of allowance for loan losses factor	12 months
Annualized trailing period five considered for determination of allowance for loan losses factor	6 months
Multi-Family and Non-Owner Occupied Commercial Real Estate Loans
Allowance for Loan Losses
Period considered for comparison of allowance for loan losses factor	10 years
Period considered for comparison of entity's allowance for loan losses factor	15 years
Trailing period considered for comparison of allowance for loan losses factor	12 months
Annualized trailing period one considered for determination of allowance for loan losses factor	72 months
Annualized trailing period two considered for determination of allowance for loan losses factor	36 months
Annualized trailing period three considered for determination of allowance for loan losses factor	24 months
Annualized trailing period four considered for determination of allowance for loan losses factor	12 months
Annualized trailing period five considered for determination of allowance for loan losses factor	6 months
One-to-Four Family and Consumer Loans
Allowance for Loan Losses
Period considered for comparison of allowance for loan losses factor	10 years
Period considered for comparison of entity's allowance for loan losses factor	15 years
Trailing period considered for comparison of allowance for loan losses factor	12 months
Annualized trailing period one considered for determination of allowance for loan losses factor	72 months
Annualized trailing period two considered for determination of allowance for loan losses factor	36 months
Annualized trailing period three considered for determination of allowance for loan losses factor	24 months
Annualized trailing period four considered for determination of allowance for loan losses factor	12 months
Annualized trailing period five considered for determination of allowance for loan losses factor	6 months

Subordinated_Debentures_Detail

Subordinated Debentures (Details) (USD $)	1 Months Ended		3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2004	Aug. 31, 2014	Mar. 31, 2015
PPBI Trust I
Subordinated Debentures
Floating Rate Trust Preferred Securities issue amount	$10
Notes
Subordinated Debentures
Debt issued		60
Contribution of net proceeds from the Private Placement to the Bank to support general corporate purposes		40
Fixed interest rate (as a percent)		5.75%
Subordinated Debentures
Subordinated Debentures
Floating interest rate, base rate			3-month LIBOR
Floating interest rate, basis points added to base rate (as a percent)			2.75%
Effective rate (as a percent)			3.00%
Subordinated Debentures | PPBI Trust I
Subordinated Debentures
Debt issued	$10.30

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share
Stock options excluded	967,050	700,598
Net Income
Net income	$1,789	$2,632
Basic income available to common stockholders	1,789	2,632
Diluted income available to common stockholders plus assumed conversions	$1,789	$2,632
Shares
Basic income available to common stockholders (in shares)	20,091,924	17,041,594
Effect of dilutive stock options and warrants (in shares)	290,908	334,407
Diluted income available to common stockholders plus assumed conversions (in shares)	20,382,832	17,376,001
Per Share Amount
Basic income available to common stockholders (in dollars per share)	$0.09	$0.15
Diluted income available to common stockholders plus assumed conversions (in dollars per share)	$0.09	$0.15

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Fair Value of Financial Instruments
Cost to assume off-balance sheet commitments and standby letters of credit as a percentage of notional amount	10.00%
Assets:
Securities available for sale	$280,461	$202,142	$201,638
Accrued interest receivable	8,769	5,865	7,131
Other real estate owned	997	752	1,037
Off-balance sheet commitments and standby letters of credit
Notional Amount	403,084	246,014	355,024
Cost to Cede or Assume	40,308	24,601	35,502
Fair Value Measurement Using: Level 1
Assets:
Cash and cash equivalents	178,371	124,419	110,925
Federal Reserve Bank, TIB and FHLB stock, at cost	30,586	14,104	17,067
Accrued interest receivable	8,769	5,865	7,131
Liabilities:
Deposit accounts	1,576,056	1,110,877	1,216,847
FHLB advances	300,031	50,000	70,025
Accrued interest payable	177	168	209
Fair Value Measurement Using: Level 2
Assets:
Securities available for sale	280,461	202,142	201,638
Liabilities:
Deposit accounts	479,204	354,437	519,898
Other borrowings	45,084	47,708	48,312
Subordinated debentures	69,501	4,649	33,456
Off-balance sheet commitments and standby letters of credit
Cost to Cede or Assume	40,308	24,601	35,502
Fair Value Measurement Using: Level 3
Assets:
Loans held for investment, net	2,205,161	1,392,661	1,686,046
Other real estate owned	997	752	1,037
Carrying Amount
Assets:
Cash and cash equivalents	178,371	124,419	110,925
Securities available for sale	280,461	202,142	201,638
Federal Reserve Bank, TIB and FHLB stock, at cost	30,586	14,104	17,067
Loans held for investment, net	2,117,741	1,316,687	1,616,422
Accrued interest receivable	8,769	5,865	7,131
Other real estate owned	997	752	1,037
Liabilities:
Deposit accounts	2,043,166	1,435,203	1,630,826
FHLB advances	300,000	50,000	70,000
Other borrowings	43,434	45,506	46,643
Subordinated debentures	70,310	10,310	70,310
Accrued interest payable	177	168	209
Estimated Fair Value
Assets:
Cash and cash equivalents	178,371	124,419	110,925
Securities available for sale	280,461	202,142	201,638
Federal Reserve Bank, TIB and FHLB stock, at cost	30,586	14,104	17,067
Loans held for investment, net	2,205,161	1,392,661	1,686,046
Accrued interest receivable	8,769	5,865	7,131
Other real estate owned	997	752	1,037
Liabilities:
Deposit accounts	2,055,260	1,465,314	1,736,745
FHLB advances	300,031	50,000	70,025
Other borrowings	45,084	47,708	48,312
Subordinated debentures	69,501	4,649	33,456
Accrued interest payable	$177	$168	$209

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments (Details 2) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Investment securities available for sale:
Total securities available for sale	$280,461	$201,638	$202,142
Fair Value Measurement Using: Level 2
Investment securities available for sale:
Total securities available for sale	280,461	201,638	202,142
Recurring basis | Fair Value Measurement Using: Level 2
Investment securities available for sale:
Total securities available for sale	280,461		202,142
Recurring basis | Fair Value Measurement Using: Level 2 | Municipal bonds
Investment securities available for sale:
Total securities available for sale	105,523		77,324
Recurring basis | Fair Value Measurement Using: Level 2 | Mortgage-backed securities
Investment securities available for sale:
Total securities available for sale	174,938		124,818
Recurring basis | Estimated Fair Value
Investment securities available for sale:
Total securities available for sale	280,461		202,142
Recurring basis | Estimated Fair Value | Municipal bonds
Investment securities available for sale:
Total securities available for sale	105,523		77,324
Recurring basis | Estimated Fair Value | Mortgage-backed securities
Investment securities available for sale:
Total securities available for sale	$174,938		$124,818

Fair_Value_of_Financial_Instru4

Fair Value of Financial Instruments (Details 3) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Fair Value Disclosures
Other real estate owned	$997	$1,037	$752
Fair Value Measurement Using: Level 3
Fair Value Disclosures
Other real estate owned	997	1,037	752
Non-recurring basis | Fair Value Measurement Using: Level 3
Fair Value Disclosures
Collateral dependent impaired loans	2,742		1,730
Other real estate owned	997		752
Total assets	3,739		2,482
Non-recurring basis | Estimated Fair Value
Fair Value Disclosures
Collateral dependent impaired loans	2,742		1,730
Other real estate owned	997		752
Total assets	$3,739		$2,482

Fair_Value_of_Financial_Instru5

Fair Value of Financial Instruments (Details 4) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Quantitative information about level 3 of fair value measurements for financial instruments
Other real estate owned	997	752	$1,037
Fair Value Measurement Using: Level 3
Quantitative information about level 3 of fair value measurements for financial instruments
Other real estate owned	997	752	1,037
Non-recurring basis | Fair Value Measurement Using: Level 3
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	2,742	1,730
Other real estate owned	997	752
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: Commercial and industrial
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	1,853	31
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: Commercial and industrial | Collateral analysis
Unobservable Inputs
Rate (as a percent)	6.70%
Management adjustment to reflect current conditions and selling costs	8 years
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: Commercial and industrial | Collateral analysis | Minimum
Unobservable Inputs
Rate (as a percent)		6.00%
Management adjustment to reflect current conditions and selling costs		3 years
Management adjustment to reflect current conditions and selling costs (as a percent)	0.00%	0.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: Commercial and industrial | Collateral analysis | Maximum
Unobservable Inputs
Management adjustment to reflect current conditions and selling costs (as a percent)	10.00%	10.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: Commercial owner occupied
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	379	718
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: Commercial owner occupied | Collateral analysis
Unobservable Inputs
Rate (as a percent)		7.00%
Management adjustment to reflect current conditions and selling costs		3 years
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: Commercial owner occupied | Collateral analysis | Minimum
Unobservable Inputs
Rate (as a percent)	6.75%
Management adjustment to reflect current conditions and selling costs	7 years
Management adjustment to reflect current conditions and selling costs (as a percent)	0.00%	0.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: Commercial owner occupied | Collateral analysis | Maximum
Unobservable Inputs
Rate (as a percent)		11.75%
Management adjustment to reflect current conditions and selling costs		8 years
Management adjustment to reflect current conditions and selling costs (as a percent)	10.00%	10.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: SBA
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans		14
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: SBA | Collateral analysis | Minimum
Unobservable Inputs
Rate (as a percent)		6.00%
Management adjustment to reflect current conditions and selling costs		7 years
Management adjustment to reflect current conditions and selling costs (as a percent)		0.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Business loans: SBA | Collateral analysis | Maximum
Unobservable Inputs
Management adjustment to reflect current conditions and selling costs (as a percent)		20.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: Commercial non-owner occupied
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	458	918
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: Commercial non-owner occupied | Collateral analysis | Minimum
Unobservable Inputs
Rate (as a percent)	7.00%	6.13%
Management adjustment to reflect current conditions and selling costs	12 years	12 years
Management adjustment to reflect current conditions and selling costs (as a percent)	0.00%	0.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: Commercial non-owner occupied | Collateral analysis | Maximum
Unobservable Inputs
Rate (as a percent)		7.00%
Management adjustment to reflect current conditions and selling costs		13 years
Management adjustment to reflect current conditions and selling costs (as a percent)	15.00%	15.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: Land
Quantitative information about level 3 of fair value measurements for financial instruments
Other real estate owned	711	752
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: Land | Collateral analysis | Minimum
Unobservable Inputs
Management adjustment to reflect current conditions and selling costs (as a percent)	0.00%	0.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: Land | Collateral analysis | Maximum
Unobservable Inputs
Management adjustment to reflect current conditions and selling costs (as a percent)	10.00%	10.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: One-to-four family
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	52	49
Other real estate owned	286
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: One-to-four family | Collateral analysis | Minimum
Unobservable Inputs
Rate (as a percent)	8.00%	11.10%
Management adjustment to reflect current conditions and selling costs	5 years	6 years
Management adjustment to reflect current conditions and selling costs (as a percent)	0.00%	0.00%
Non-recurring basis | Fair Value Measurement Using: Level 3 | Real estate loans: One-to-four family | Collateral analysis | Maximum
Unobservable Inputs
Rate (as a percent)	15.00%	15.00%
Management adjustment to reflect current conditions and selling costs	16 years	15 years
Management adjustment to reflect current conditions and selling costs (as a percent)	10.00%	10.00%