Pacific Premier Bancorp (PPBI) 10-Q 10 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 10, 2015
Document and Entity Information
Entity Registrant Name	PACIFIC PREMIER BANCORP INC
Entity Central Index Key	1,028,918
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		21,510,558
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
ASSETS
Cash and due from banks	$ 82,552	$ 110,650	$ 120,016
Federal funds sold	525	275	276
Cash and cash equivalents	83,077	110,925	120,292
Investment securities available for sale	280,434	201,638	235,116
FHLB and other stock, at cost	22,843	17,067	18,494
Loans held for investment	2,118,560	1,628,622	1,466,768
Allowance for loan losses	(15,100)	(12,200)	(9,733)
Loans held for investment, net	2,103,460	1,616,422	1,457,035
Accrued interest receivable	9,072	7,131	6,645
Other real estate owned	711	1,037	752
Premises and equipment	9,394	9,165	9,344
Deferred income taxes	12,305	9,383	10,796
Bank owned life insurance	38,665	26,822	26,445
Intangible assets	7,858	5,614	6,121
Goodwill	50,832	22,950	22,950
Other assets	18,105	10,743	7,535
TOTAL ASSETS	2,636,756	2,038,897	1,921,525
Deposit accounts:
Noninterest bearing checking	635,695	456,754	410,843
Interest-bearing:
Checking	135,228	131,635	128,911
Money market/savings	795,725	600,764	533,672
Retail certificates of deposit	402,262	365,168	367,299
Wholesale/brokered certificates of deposit	127,073	76,505	4,856
Total interest-bearing	1,460,288	1,174,072	1,034,738
Total deposits	2,095,983	1,630,826	1,445,581
FHLB advances and other borrowings	167,389	116,643	255,287
Subordinated debentures	70,310	70,310	10,310
Accrued expenses and other liabilities	21,481	21,526	18,166
TOTAL LIABILITIES	2,355,163	1,839,305	1,729,344
STOCKHOLDERS’ EQUITY:
Common stock, $.01 par value; 50,000,000 shares authorized; 21,510,558 shares at June 30, 2015, 16,903,884 shares at December 31, 2014, and 17,068,641 shares at June 30, 2014 issued and outstanding	215	169	171
Additional paid-in capital	220,759	147,474	149,942
Retained earnings	61,044	51,431	42,090
Accumulated other comprehensive income (loss), net of tax (benefit) of $(297) at June 30, 2015, $362 at December 31, 2014 and ($16) at June 30, 2014	(425)	518	(22)
TOTAL STOCKHOLDERS’ EQUITY	281,593	199,592	192,181
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 2,636,756	$ 2,038,897	$ 1,921,525

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000	50,000,000
Common stock, shares issued	21,510,558	17,068,641	16,903,884
Common stock, shares outstanding	21,510,558	17,068,641	16,903,884
Income tax expense (benefit)	$ (297)	$ (16)	$ 362

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
INTEREST INCOME
Loans	$ 27,581	$ 24,513	$ 17,922	$ 52,094	$ 34,507
Investment securities and other interest-earning assets	2,158	1,557	1,309	3,715	2,746
Total interest income	29,739	26,070	19,231	55,809	37,253
INTEREST EXPENSE
Deposits	1,589	1,606	1,203	3,195	2,272
FHLB advances and other borrowings	407	375	255	782	498
Subordinated debentures	982	971	75	1,953	150
Total interest expense	2,978	2,952	1,533	5,930	2,920
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	26,761	23,118	17,698	49,879	34,333
PROVISION FOR LOAN LOSSES	1,833	1,830	1,030	3,663	1,979
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	24,928	21,288	16,668	46,216	32,354
NONINTEREST INCOME
Loan servicing fees	724	901	282	1,625	1,138
Deposit fees	634	582	463	1,216	917
Net gain from sales of loans	2,721	0	1,298	2,721	1,846
Net gain from sales of investment securities	139	116	98	255	160
Other income	494	427	330	921	462
Total noninterest income	4,712	2,026	2,471	6,738	4,523
NONINTEREST EXPENSE
Compensation and benefits	9,486	9,522	6,485	19,008	13,376
Premises and occupancy	2,082	1,829	1,566	3,911	3,154
Data processing and communications	716	702	485	1,418	1,616
Other real estate owned operations, net	56	48	41	104	54
FDIC insurance premiums	363	314	266	677	503
Legal, audit and professional expense	661	521	385	1,182	978
Marketing expense	615	603	242	1,218	418
Office and postage expense	505	499	345	1,004	714
Loan expense	263	193	191	456	375
Deposit expense	982	805	747	1,787	1,508
Merger related expense	0	3,992	0	3,992	626
Other Depreciation and Amortization	344	314	254	658	507
Other expense	1,141	1,127	634	2,268	1,353
Total noninterest expense	17,214	20,469	11,641	37,683	25,182
NET INCOME BEFORE INCOME TAX	12,426	2,845	7,498	15,271	11,695
INCOME TAX	4,601	1,056	2,855	5,658	4,420
NET INCOME	$ 7,825	$ 1,789	$ 4,643	$ 9,613	$ 7,275
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.36	$ 0.09	$ 0.28	$ 0.46	$ 0.43
Diluted (in dollars per share)	$ 0.36	$ 0.09	$ 0.27	$ 0.46	$ 0.42
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	21,493,641	20,091,924	17,124,337	20,796,655	17,083,194
Diluted (in shares)	21,828,876	20,382,832	17,476,390	21,126,542	17,422,928

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income		$ 7,825	$ 1,789	$ 4,643	$ 9,613	$ 7,275
Other comprehensive income (loss), net of tax (benefit):
Unrealized holding gains (losses) on securities arising during the period, net of income taxes (benefits)	[1]	(1,628)	835	1,120	(793)	3,149
Reclassification adjustment for net gain on sale of securities included in net income, net of income taxes	[2]	(82)	(68)	(58)	(150)	(94)
Net unrealized gain (loss) on securities, net of income taxes		(1,710)	767	1,062	(943)	3,055
Comprehensive income		$ 6,115	$ 2,556	$ 5,705	$ 8,670	$ 10,330
[1]	Income tax (benefit) on the unrealized gains (losses) on securities was $(1.1) million for the three months ended June 30, 2015, $584,000 for the three months ended March 31, 2015, $741,000 for the three months ended June 30, 2014, $(556,000) for the six months ended June 30, 2015 and $2.1 million for the six months ended June 30, 2014.
[2]	Income taxes on the reclassification adjustment for net gain on sale of securities included in net income was $57,000 for the three months ended June 30, 2015, $48,000 for the three months ended March 31, 2015, $40,000 for the three months ended June 30, 2014, $105,000 for the six months ended June 30, 2015 and $66,000 for the six months ended June 30, 2014.

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Tax effect on unrealized holding gains (losses) on securities arising during the period	$ (1,100)	$ 584	$ 741	$ (556)	$ 2,100
Income tax expense on reclassification adjustment for net gain on sale of securities included in net income	$ 57	$ 48	$ 40	$ 105	$ 66

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Retained Earnings	Accumulated Other Comprehensive Income
Balance at Dec. 31, 2013	$ 175,226	$ 166	$ 143,322	$ 34,815	$ (3,077)
Balance (in shares) at Dec. 31, 2013		16,656,279
Increase (Decrease) in Stockholders' Equity
Net income	7,275			7,275
Other comprehensive income	3,055				3,055
Share-based compensation expense	257		257
Common stock repurchased and retired	(2,757)	$ (2)	(2,755)
Common stock repurchased and retired (in shares)		(262,897)
Common stock issued	9,012	$ 6	9,006
Common stock issued (in shares)		562,469
Exercise of stock options	113	$ 1	112
Exercise of stock options (in shares)		112,790
Balance at Jun. 30, 2014	$ 192,181	$ 171	149,942	42,090	(22)
Balance (in shares) at Jun. 30, 2014	17,068,641	17,068,641
Balance at Dec. 31, 2014	$ 199,592	$ 169	147,474	51,431	518
Balance (in shares) at Dec. 31, 2014	16,903,884	16,903,884
Increase (Decrease) in Stockholders' Equity
Net income	$ 9,613
Other comprehensive income	(943)
Share-based compensation expense	435		435
Common stock issued	72,252	$ 45	72,207
Common stock issued (in shares)		4,480,645
Warrants exercised	689	$ 1	688
Warrant exercise (in shares)		125,196
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 Jun. 30, 2015	$ 281,593	$ 215	$ 220,759	$ 61,044	$ (425)
Balance (in shares) at Jun. 30, 2015	21,510,558	21,510,558

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 9,613	$ 7,275
Adjustments to net income:
Depreciation and amortization expense	1,244	1,088
Amortization of Loan Fees and Discounts	(60)	0
Provision for loan losses	3,663	1,979
Share-based compensation expense	435	257
Loss on sale and disposal of premises and equipment	0	23
Loss on sale of other real estate owned	51	17
Write down of other real estate owned	41	0
Amortization of premium/discounts on securities held for sale, net	1,763	1,220
Accretion of loan mark-to-market discount from acquisitions	(907)	(1,167)
Gain on sale of investment securities available for sale	(255)	(160)
Other-than-temporary impairment recovery on investment securities, net	0	(23)
Gain on sale of loans held for investment	(2,721)	(1,846)
Recoveries on loans	25	55
Principal payments from loans held for sale	0	31
Loss on loans held for sale	0	180
Deferred income tax benefit (provision)	1,706	(2,319)
Change in accrued expenses and other liabilities, net	(1,840)	(595)
Income from bank owned life insurance, net	(643)	(394)
Change in accrued interest receivable and other assets, net	(5,159)	(2,754)
Net cash provided by operating activities	6,956	2,867
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale and principal payments on loans held for investment	309,960	147,372
Decrease in undisbursed loan funds	56,124	24,913
Purchase and origination of loans held for investment	(520,230)	(314,429)
Proceeds from sale of other real estate owned	234	777
Principal payments on securities available for sale	15,907	13,430
Purchase of securities available for sale	(60,132)	(66,274)
Proceeds from sale or maturity of securities available for sale	16,070	77,947
Investment in bank owned life insurance	0	(2,000)
Purchases of premises and equipment	(842)	(517)
Purchase of Federal Reserve Bank stock	(2,257)	(506)
Purchase of FHLB stock	(1,150)	(2,538)
Cash acquired (disbursed) in acquisitions, net	2,961	(7,793)
Net cash used in investing activities	(183,355)	(129,618)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposit accounts	129,139	139,295
Repayment of FHLB advances and other borrowings, net	0	(16,421)
Proceeds from FHLB advances	17,446	0
Proceeds from issuance of common stock, net of issuance costs	1,323	0
Proceeds from exercise of stock options	48	113
Warrants exercised	688	0
Repurchase of common stock	(93)	(2,757)
Net cash provided by financing activities	148,551	120,230
NET DECREASE IN CASH AND CASH EQUIVALENTS	(27,848)	(6,521)
CASH AND CASH EQUIVALENTS, beginning of period	110,925	126,813
CASH AND CASH EQUIVALENTS, end of period	83,077	120,292
SUPPLEMENTAL CASH FLOW DISCLOSURES
Interest paid	5,979	2,924
Income taxes paid	7,450	7,300
Assets acquired (liabilities assumed and capital created) in acquisitions (See Note 4):
Investment securities	53,752	0
FHLB and Other Stock	2,369	0
Loans	332,893	78,833
Core deposit intangible	2,903	0
Deferred income tax	4,794	0
Bank owned life insurance	11,276	0
Goodwill	27,882	5,522
Fixed assets	2,134	74
Other assets	2,402	702
Deposits	(336,018)	0
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
Transfers from loans to other real estate owned	0	360
Loans held for sale transfer to loans held for investment	$ 0	$ 2,936

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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 June 30, 2015 , December 31, 2014 and June 30, 2014 , the results of its operations and comprehensive income for the three months ended June 30, 2015 , March 31, 2015 and June 30, 2014 and the six months ended June 30, 2015 and 2014 and the changes in stockholders’ equity and cash flows for the six months ended June 30, 2015 and 2014 . Operating results or comprehensive income for the six months ended June 30, 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 Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Accounting Standards Adopted in 2015 In June 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-10, Technical Corrections and Improvements, to clarify the Accounting Standards Codification ("ASC"), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create significant administrative cost to most entities. The amendments were effective upon issuance (June 12, 2015) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company does not expect these amendments to have a material effect on its financial statements. In January 2014, the FASB issued 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. 2014-04 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 Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies	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	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisitions	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 $79.8 million , 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, $1.3 million fair market value of warrants assumed 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 $27.9 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: IDPK Book Value Fair Value Adjustments Fair 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 1,542 4,794 Bank owned life insurance 11,276 — 11,276 Core deposit intangible 904 1,999 2,903 Other assets 3,756 780 4,536 Total assets acquired $ 422,378 $ 631 $ 423,009 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 $ 418 51,895 Consideration paid 79,777 Goodwill recognized $ 27,882 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 Book Value Fair Value Adjustments Fair 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 six months ending June 30, 2015 include the operating results of IDPK and IFH since the acquisition date. The operating results of the Company for the six months ending June 30, 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: Six Months Ended June 30, 2015 2014 Net interest and other income $ 31,013 $ 30,354 Net income $ 6,838 $ 6,446 Basic earnings per share $ 0.30 $ 0.30 Diluted earnings per share $ 0.30 $ 0.29

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The amortized cost and estimated fair value of securities were as follows: June 30, 2015 Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value (in thousands) Investment securities available for sale: Municipal bonds $ 120,392 $ 784 $ (745 ) $ 120,431 Mortgage-backed securities 160,764 312 (1,073 ) 160,003 Total securities available for sale $ 281,156 $ 1,096 $ (1,818 ) $ 280,434 December 31, 2014 Amortized Cost Unrealized Gain Unrealized Loss Estimated 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 June 30, 2014 Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value (in thousands) Investment securities available for sale: Municipal bonds $ 84,576 $ 1,211 $ (354 ) 85,433 Mortgage-backed securities 150,578 230 (1,125 ) 149,683 Total securities available for sale $ 235,154 $ 1,441 $ (1,479 ) $ 235,116 At June 30, 2015 , the Company had $11.3 million in Federal Home Loan Bank (“FHLB”) stock, $7.5 million in Federal Reserve Bank (“FRB”) stock, and $4 million in other stock, all carried at cost. During the six months ended June 30, 2015 , the Company had net sales of $10.5 million of FHLB stock through the FHLB stock purchase program. At June 30, 2015 , mortgage-backed securities (“MBS”) with an estimated par value of $65.2 million and a fair value of $66.8 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 $19.7 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. June 30, 2015 Less than 12 months 12 months or Longer Total Number Fair Value Gross Unrealized Holding Losses Number Fair Value Gross Unrealized Holding Losses Number Fair Value Gross Unrealized Holding Losses (dollars in thousands) Municipal bonds 109 $ 56,215 $ (636 ) 7 $ 3,728 $ (109 ) 116 $ 59,943 $ (745 ) Mortgage-backed securities 32 87,506 (548 ) 3 14,222 (525 ) 35 101,728 (1,073 ) Total 141 $ 143,721 $ (1,184 ) 10 $ 17,950 $ (634 ) 151 $ 161,671 $ (1,818 ) December 31, 2014 Less than 12 months 12 months or Longer Total Number Fair Gross Number Fair Gross Number Fair Gross (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 ) June 30, 2014 Less than 12 months 12 months or Longer Total Number Fair Gross Number Fair Gross Number Fair Gross (dollars in thousands) Municipal bonds 27 $ 14,011 $ (143 ) 44 $ 18,316 $ (211 ) 71 $ 32,327 $ (354 ) Mortgage-backed securities 11 37,316 (109 ) 12 52,235 (1,016 ) 23 89,551 (1,125 ) Total 38 $ 51,327 $ (252 ) 56 $ 70,551 $ (1,227 ) 94 $ 121,878 $ (1,479 ) The amortized cost and estimated fair value of investment securities available for sale at June 30, 2015 , by contractual maturity are shown in the table below. One Year or Less More than One Year to Five Years More than Five Years to Ten Years More than Ten Years Total Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value (dollars in thousands) Investment securities available for sale: Municipal bonds $ 462 $ 465 $ 21,627 $ 21,554 $ 45,981 $ 46,111 $ 52,322 $ 52,301 $ 120,392 $ 120,431 Mortgage-backed securities — — — — 24,341 24,328 136,423 135,675 160,764 160,003 Total investment securities available for sale $ 462 $ 465 $ 21,627 $ 21,554 $ 70,322 $ 70,439 $ 188,745 $ 187,976 $ 281,156 $ 280,434 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 June 30, 2015 , the Company had accumulated other comprehensive loss of $722,000 , or $425,000 net of benefit, compared to accumulated other comprehensive income of $880,000 or $518,000 net of tax, at December 31, 2014 .

Loans Held for Investment

Loans Held for Investment	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Loans Held for Investment	Loans Held for Investment The following table sets forth the composition of our loan portfolio in dollar amounts at the dates indicated: June 30, 2015 December 31, 2014 June 30, 2014 (in thousands) Business loans: Commercial and industrial $ 454,463 $ 428,207 $ 319,541 Commercial owner occupied (1) 382,537 210,995 216,784 SBA 50,306 28,404 15,115 Warehouse facilities 198,113 113,798 114,032 Real estate loans: Commercial non-owner occupied 402,786 359,213 360,288 Multi-family 400,237 262,965 251,512 One-to-four family (2) 84,283 122,795 132,020 Construction 124,448 89,682 47,034 Land 16,339 9,088 6,271 Other loans 4,811 3,298 3,753 Total gross loans held for investment (3) 2,118,323 1,628,445 1,466,350 Deferred loan origination costs and premiums, net 237 177 418 Allowance for loan losses (15,100 ) (12,200 ) (9,733 ) Loans held for investment, net $ 2,103,460 $ 1,616,422 $ 1,457,035 ______________________________ (1) Majority secured by real estate. (2) Includes second trust deeds. (3) Total gross loans for June 30, 2015 are net of (i) the unaccreted mark-to-market discounts on Canyon National Bank ("Canyon National") loans of $1.1 million , on Palm Desert National Bank ("Palm Desert National") loans of $1.1 million , on San Diego Trust Bank ("SDTB") loans of $144,000 , and on IDPK loans of $6.3 million and (ii) the mark-to-market premium on First Associations Bank ("FAB") loans of $24,000 . 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 $88.8 million for secured loans and $53.3 million for unsecured loans at June 30, 2015 . At June 30, 2015 , the Bank’s largest aggregate outstanding balance of loans to one borrower was $46.7 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: June 30, 2015 Canyon National Palm Desert National IDPK Total (in thousands) Business loans: Commercial and industrial $ 94 $ — $ 540 $ 634 Commercial owner occupied 535 — 2,335 2,870 Real estate loans: Commercial non-owner occupied 943 — 1,237 2,180 One-to-four family — — 92 92 Total purchase credit impaired $ 1,572 $ — $ 4,204 $ 5,776 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 June 30, 2015 , the Company had $5.8 million of purchased credit impaired loans, of which $1.6 million were placed on nonaccrual status. The following table summarizes the accretable yield on the purchased credit impaired loans for the six months ended June 30, 2015 : Six Months Ended June 30, 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 (106 ) — (75 ) (181 ) Disposals and other — (52 ) (4 ) (56 ) Change in accretable yield — — 149 149 Balance at the end of period $ 1,245 $ — $ 672 $ 1,917 Impaired Loans The following tables provide a summary of the Company’s investment in impaired loans as of the period indicated: Impaired Loans Contractual Unpaid Principal Balance Recorded Investment With Specific Allowance Without Specific Allowance Specific Allowance for Impaired Loans Average Recorded Investment Interest Income Recognized (in thousands) June 30, 2015 Business loans: Commercial and industrial $ 2,494 $ 1,684 $ 223 $ 1,461 $ 223 $ 1,797 $ — Commercial owner occupied 437 370 — 370 — 373 15 Real estate loans: Commercial non-owner occupied 693 443 — 443 — 446 21 One-to-four family 215 206 — 206 — 222 10 Land 37 23 — 23 — 8 — Totals $ 3,876 $ 2,726 $ 223 $ 2,503 $ 223 $ 2,846 $ 46 Impaired Loans Contractual Unpaid Principal Balance Recorded Investment With Specific Allowance Without Specific Allowance Specific Allowance for Impaired Loans Average Recorded Investment Interest Income Recognized (in thousands) December 31, 2014 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 Unpaid Principal Balance Recorded Investment With Specific Allowance Without Specific Allowance Specific Allowance for Impaired Loans Average Recorded Investment Interest Income Recognized (in thousands) June 30, 2014 Business loans: Commercial and industrial $ 59 $ 24 $ — $ 24 $ — $ 18 $ — Commercial owner occupied 444 417 — 417 — 627 25 SBA — — — — — 9 — Real estate loans: Commercial non-owner occupied 708 514 — 514 — 938 21 One-to-four family 625 575 270 305 104 591 15 Totals $ 1,836 $ 1,530 $ 270 $ 1,260 $ 104 $ 2,183 $ 61 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: June 30, 2015 December 31, 2014 June 30, 2014 (in thousands) Nonaccruing loans $ 2,471 $ 1,290 $ 1,345 Accruing loans 255 182 185 Total impaired loans $ 2,726 $ 1,472 $ 1,530 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 $2.5 million at June 30, 2015 , $1.3 million at December 31, 2014 , and $1.3 million at June 30, 2014 . The Company had no loans 90 days or more past due and still accruing at June 30, 2015 , December 31, 2014 or June 30, 2014 . The Company had no new TDRs during the quarter ended June 30, 2015 and June 30, 2014 and had one immaterial TDR outstanding related to a U.S. Small Business Administration (“SBA”) loan. Concentration of Credit Risk As of June 30, 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 Pass Special Mention Substandard Total Gross Loans June 30, 2015 (in thousands) Business loans: Commercial and industrial $ 449,461 $ 267 $ 4,735 $ 454,463 Commercial owner occupied 370,185 678 11,674 382,537 SBA 50,306 — — 50,306 Warehouse facilities 198,113 — — 198,113 Real estate loans: Commercial non-owner occupied 399,245 265 3,276 402,786 Multi-family 395,565 704 3,968 400,237 One-to-four family 83,671 — 612 84,283 Construction 124,448 — — 124,448 Land 15,143 — 1,196 16,339 Other loans 4,401 — 410 4,811 Totals $ 2,090,538 $ 1,914 $ 25,871 $ 2,118,323 Credit Risk Grades Pass Special Substandard Total Gross December 31, 2014 (in thousands) 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 Pass Special Substandard Total Gross June 30, 2014 (in thousands) Business loans: Commercial and industrial $ 317,713 $ — $ 1,828 $ 319,541 Commercial owner occupied 206,890 393 9,501 216,784 SBA 15,115 — — 15,115 Warehouse facilities 114,032 — — 114,032 Real estate loans: Commercial non-owner occupied 355,878 — 4,410 360,288 Multi-family 250,494 506 512 251,512 One-to-four family 131,330 — 690 132,020 Construction 47,034 — — 47,034 Land 6,271 — — 6,271 Other loans 3,753 — — 3,753 Totals $ 1,448,510 $ 899 $ 16,941 $ 1,466,350 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 June 30, 2015 (in thousands) Business loans: Commercial and industrial $ 452,383 $ 452 $ — $ 1,628 $ 454,463 $ 2,147 Commercial owner occupied 382,537 — — — 382,537 578 SBA 50,306 — — — 50,306 — Warehouse facilities 198,113 — — — 198,113 — Real estate loans: Commercial non-owner occupied 402,297 489 — — 402,786 1,454 Multi-family 400,237 — — — 400,237 — One-to-four family 84,218 2 — 63 84,283 88 Construction 124,448 — — — 124,448 — Land 16,316 — — 23 16,339 23 Other loans 4,783 — 28 — 4,811 92 Totals $ 2,115,638 $ 943 $ 28 $ 1,714 $ 2,118,323 $ 4,382 Days Past Due Non- Current 30-59 60-89 90+ Total Accruing December 31, 2014 (in thousands) 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 June 30, 2014 (in thousands) Business loans: Commercial and industrial $ 319,418 $ — $ 99 $ 24 $ 319,541 $ 24 Commercial owner occupied 216,367 — 417 — 216,784 549 SBA 15,115 — — — 15,115 — Warehouse facilities 114,032 — — — 114,032 — Real estate loans: Commercial non-owner occupied 360,288 — — — 360,288 910 Multi-family 251,512 — — — 251,512 — One-to-four family 131,258 236 478 48 132,020 458 Construction 47,034 — — — 47,034 — Land 6,271 — — — 6,271 — Other loans 3,753 — — — 3,753 — Totals $ 1,465,048 $ 236 $ 994 $ 72 $ 1,466,350 $ 1,941

Allowance for Loan Losses

Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2015
Provision for Loan and Lease Losses [Abstract]
Allowance for Loan Losses	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 84 , 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-1through 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 84 , 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-1through 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 84 , 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-1through 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-1through 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 six months ended for the periods indicated: Commercial and industrial Commercial owner occupied SBA Warehouse Facilities Commercial non-owner occupied Multi-family One-to-four family Construction Land Other loans Total (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 (789 ) — — — — — — — — — (789 ) Recoveries 24 — 1 — — — — — — 1 26 Provisions for (reduction in) loan losses 1,867 339 317 329 (44 ) 472 (189 ) 314 254 4 3,663 Balance, June 30, 2015 $ 5,302 $ 2,096 $ 886 $ 875 $ 1,963 $ 1,532 $ 653 $ 1,402 $ 362 $ 29 $ 15,100 Amount of allowance attributed to: Specifically evaluated impaired loans $ 223 $ — $ — $ — $ — $ — $ — $ — $ — $ — $ 223 General portfolio allocation 5,079 2,096 886 875 1,963 1,532 653 1,402 362 29 14,877 Loans individually evaluated for impairment 1,684 370 — — 443 — 206 — 23 — 2,726 Specific reserves to total loans individually evaluated for impairment 13.24 % — % — % — % — % — % — % — % — % — % 8.18 % Loans collectively evaluated for impairment $ 452,779 $ 382,167 $ 50,306 $ 198,113 $ 402,343 $ 400,237 $ 84,077 $ 124,448 $ 16,316 $ 4,811 $ 2,115,597 General reserves to total loans collectively evaluated for impairment 1.12 % 0.55 % 1.76 % 0.44 % 0.49 % 0.38 % 0.78 % 1.13 % 2.22 % 0.60 % 0.70 % Total gross loans $ 454,463 $ 382,537 $ 50,306 $ 198,113 $ 402,786 $ 400,237 $ 84,283 $ 124,448 $ 16,339 $ 4,811 $ 2,118,323 Total allowance to gross loans 1.17 % 0.55 % 1.76 % 0.44 % 0.49 % 0.38 % 0.77 % 1.13 % 2.22 % 0.60 % 0.71 % Commercial and industrial Commercial owner occupied SBA Warehouse Facilities Commercial non-owner occupied Multi-family One-to-four family Construction Land Other loans Total (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 21 — 3 — — — 30 — — 1 55 Provisions for (reduction in) loan losses 1,036 (72 ) 110 64 698 120 (299 ) 391 (60 ) (9 ) 1,979 Balance, June 30, 2014 $ 2,901 $ 1,746 $ 264 $ 456 $ 1,991 $ 937 $ 818 $ 527 $ 67 $ 26 $ 9,733 Amount of allowance attributed to: Specifically evaluated impaired loans $ — $ — $ — $ — $ — $ — $ 104 $ — $ — $ — $ 104 General portfolio allocation 2,901 1,746 264 456 1,991 937 714 527 67 26 9,629 Loans individually evaluated for impairment 24 417 — — 514 — 575 — — — 1,530 Specific reserves to total loans individually evaluated for impairment — % — % — % — % — % — % 18.09 % — % — % — % 6.80 % Loans collectively evaluated for impairment $ 319,517 $ 216,367 $ 15,115 $ 114,032 $ 359,774 $ 251,512 $ 131,445 $ 47,034 $ 6,271 $ 3,753 $ 1,464,820 General reserves to total loans collectively evaluated for impairment 0.91 % 0.81 % 1.75 % 0.40 % 0.55 % 0.37 % 0.54 % 1.12 % 1.07 % 0.69 % 0.66 % Total gross loans $ 319,541 $ 216,784 $ 15,115 $ 114,032 $ 360,288 $ 251,512 $ 132,020 $ 47,034 $ 6,271 $ 3,753 $ 1,466,350 Total allowance to gross loans 0.91 % 0.81 % 1.75 % 0.40 % 0.55 % 0.37 % 0.62 % 1.12 % 1.07 % 0.69 % 0.66 %

Subordinated Debentures

Subordinated Debentures	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Subordinated Debentures	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 $50 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 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 2.98% per annum as of June 30, 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	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	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 Six Months Ended June 30, March 31, June 30, June 30, 2015 2015 2014 2015 2014 Stock options excluded 780,659 814,369 503,676 800,806 593,387 The following tables set forth the Company’s unaudited earnings per share calculations for the periods indicated: Three Months Ended June 30, 2015 March 31, 2015 June 30, 2014 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Net Income Shares Per Share Amount (dollars in thousands, except per share data) Net income $ 7,825 $ 1,789 $ 4,643 Basic income available to common stockholders 7,825 21,493,641 $ 0.36 1,789 20,091,924 $ 0.09 4,643 17,124,337 $ 0.28 Effect of dilutive stock option grants and warrants — 335,235 — 290,908 — 352,053 Diluted income available to common stockholders plus assumed conversions $ 7,825 21,828,876 $ 0.36 1,789 20,382,832 $ 0.09 $ 4,643 17,476,390 $ 0.27 Six Months Ended June 30, 2015 2014 Net Shares Per Share Net Shares Per Share (dollars in thousands, except per share data) Net income $ 9,613 $ 7,275 Basic income available to common stockholders 9,613 20,796,655 $ 0.46 7,275 17,083,194 $ 0.43 Effect of dilutive stock option grants and warrants — 329,887 — 339,734 Diluted income available to common stockholders plus assumed conversions $ 9,613 21,126,542 $ 0.46 7,275 17,422,928 $ 0.42

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	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 June 30, 2015 , December 31, 2014 and June 30, 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 June 30, 2015 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value (in thousands) Assets: Cash and cash equivalents $ 83,077 $ 83,077 $ — $ — $ 83,077 Securities available for sale 280,434 — 280,434 — 280,434 FHLB, Federal Reserve Bank, and other stock, at cost 22,843 22,843 — — 22,843 Loans held for investment, net 2,103,460 — — 2,150,673 2,150,673 Accrued interest receivable 9,072 9,072 — — 9,072 Other real estate owned 711 — — 711 711 Liabilities: Deposit accounts 2,095,983 1,575,404 522,157 — 2,097,561 FHLB advances 118,000 118,208 — — 118,208 Other borrowings 49,389 — 48,936 — 48,936 Subordinated debentures 70,310 — 68,675 — 68,675 Accrued interest payable 212 212 — — 212 Notional Amount Level 1 Level 2 Level 3 Cost to Cede or Assume Off-balance sheet commitments and standby letters of credit $ 380,783 $ — $ 38,078 $ — $ 38,078 At December 31, 2014 Carrying Amount Level 1 Level 2 Level 3 Estimated 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 FHLB, Federal Reserve Bank, and other 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 Amount Level 1 Level 2 Level 3 Cost to Cede or Assume Off-balance sheet commitments and standby letters of credit $ 355,024 $ — $ 35,502 $ — $ 35,502 At June 30, 2014 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value (in thousands) Assets: Cash and cash equivalents $ 120,292 $ 120,292 $ — $ — $ 120,292 Securities available for sale 235,116 — 235,116 — 235,116 FHLB, Federal Reserve Bank, and other stock, at cost 18,494 18,494 — — 18,494 Loans held for investment, net 1,457,035 — — 1,461,796 1,461,796 Accrued interest receivable 6,645 6,645 — — 6,645 Other real estate owned 752 — — 752 752 Liabilities: Deposit accounts 1,445,581 1,102,419 371,132 — 1,473,551 FHLB advances 210,000 210,000 — — 210,000 Other borrowings 45,287 — 47,538 — 47,538 Subordinated debentures 10,310 — 4,592 — 4,592 Accrued interest payable 177 177 — — 177 Notional Amount Level 1 Level 2 Level 3 Cost to Cede Off-balance sheet commitments and standby letters of credit $ 293,228 $ — $ 29,323 $ — $ 29,323 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 June 30, 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: June 30, 2015 Fair Value Measurement Using Level 1 Level 2 Level 3 Securities at Fair Value (in thousands) Investment securities available for sale: Municipal bonds $ — $ 120,431 $ — $ 120,431 Mortgage-backed securities — 160,003 — 160,003 Total securities available for sale $ — $ 280,434 $ — $ 280,434 June 30, 2014 Fair Value Measurement Using Level 1 Level 2 Level 3 Securities at Fair Value (in thousands) Investment securities available for sale: Municipal bonds $ — $ 85,433 $ — 85,433 Mortgage-backed securities — 149,683 — 149,683 Total securities available for sale $ — $ 235,116 $ — $ 235,116 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: June 30, 2015 Fair Value Measurement Using Level 1 Level 2 Level 3 Assets at Fair Value (in thousands) Assets Collateral dependent impaired loans $ — $ — $ 2,548 $ 2,548 Other real estate owned — — 711 711 Total assets $ — $ — $ 3,259 $ 3,259 June 30, 2014 Fair Value Measurement Using Level 1 Level 2 Level 3 Assets at Fair Value (in thousands) Assets Collateral dependent impaired loans $ — $ — $ 1,003 $ 1,003 Other real estate owned — — 752 752 Total assets $ — $ — $ 1,755 $ 1,755 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: June 30, 2015 Range Fair Value Valuation Techniques Rate Maturity (years) Unobservable Inputs Collateral dependent impaired loans: Business loans: Commercial and industrial $ 1,684 Collateral valuation 6.70% 8 0 - 10% Commercial owner occupied 370 Collateral valuation 6.75% 7 0 - 10% Real estate loans: Commercial non-owner occupied 443 Collateral valuation 7.00% 12 0 - 15% One-to-four family 28 Collateral valuation 8.00 - 15.00% 5 - 16 0 - 10% Land 23 Collateral valuation 13.00% 15 0 - 10% Total collateral dependent impaired loans $ 2,548 Other real estate owned Land $ 711 Collateral valuation — — 0 - 10% One-to-four family — Collateral valuation — — 0 - 10% Total other real estate owned $ 711 June 30, 2014 Range Fair Value Valuation Techniques Rate Maturity (years) Unobservable Inputs Collateral dependent impaired loans: Business loans: Commercial and industrial $ 24 Collateral valuation 6.00% 3 0 - 10% Commercial owner occupied 417 Collateral valuation 11.75% 8 0 - 10% Real estate loans: Commercial non-owner occupied 514 Collateral valuation 7.00% 13 0 - 15% One-to-four family 48 Collateral valuation 2.26% - 15.00% 2-22 0 - 10% Total collateral dependent impaired loans $ 1,003 Other real estate owned Land $ 752 Collateral valuation — — 0-10% Total other real estate owned $ 752

Significant Accounting Polici19

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
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)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Schedule of assets acquired and liabilities assumed and the provisional fair value adjustments and amounts recorded	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 Book Value Fair Value Adjustments Fair 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 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: IDPK Book Value Fair Value Adjustments Fair 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 1,542 4,794 Bank owned life insurance 11,276 — 11,276 Core deposit intangible 904 1,999 2,903 Other assets 3,756 780 4,536 Total assets acquired $ 422,378 $ 631 $ 423,009 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 $ 418 51,895 Consideration paid 79,777 Goodwill recognized $ 27,882
Schedule of contractual amounts due, expected cash flows to be collected, interest component and fair value as of the respective acquisition dates	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
Summary of pro forma net interest and other income, net income and earnings per share	There were no material, nonrecurring adjustments to the pro forma net interest and other income, net income and earnings per share presented below: Six Months Ended June 30, 2015 2014 Net interest and other income $ 31,013 $ 30,354 Net income $ 6,838 $ 6,446 Basic earnings per share $ 0.30 $ 0.30 Diluted earnings per share $ 0.30 $ 0.29

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and estimated fair value of securities	The amortized cost and estimated fair value of securities were as follows: June 30, 2015 Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value (in thousands) Investment securities available for sale: Municipal bonds $ 120,392 $ 784 $ (745 ) $ 120,431 Mortgage-backed securities 160,764 312 (1,073 ) 160,003 Total securities available for sale $ 281,156 $ 1,096 $ (1,818 ) $ 280,434 December 31, 2014 Amortized Cost Unrealized Gain Unrealized Loss Estimated 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 June 30, 2014 Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value (in thousands) Investment securities available for sale: Municipal bonds $ 84,576 $ 1,211 $ (354 ) 85,433 Mortgage-backed securities 150,578 230 (1,125 ) 149,683 Total securities available for sale $ 235,154 $ 1,441 $ (1,479 ) $ 235,116
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	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. June 30, 2015 Less than 12 months 12 months or Longer Total Number Fair Value Gross Unrealized Holding Losses Number Fair Value Gross Unrealized Holding Losses Number Fair Value Gross Unrealized Holding Losses (dollars in thousands) Municipal bonds 109 $ 56,215 $ (636 ) 7 $ 3,728 $ (109 ) 116 $ 59,943 $ (745 ) Mortgage-backed securities 32 87,506 (548 ) 3 14,222 (525 ) 35 101,728 (1,073 ) Total 141 $ 143,721 $ (1,184 ) 10 $ 17,950 $ (634 ) 151 $ 161,671 $ (1,818 ) December 31, 2014 Less than 12 months 12 months or Longer Total Number Fair Gross Number Fair Gross Number Fair Gross (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 ) June 30, 2014 Less than 12 months 12 months or Longer Total Number Fair Gross Number Fair Gross Number Fair Gross (dollars in thousands) Municipal bonds 27 $ 14,011 $ (143 ) 44 $ 18,316 $ (211 ) 71 $ 32,327 $ (354 ) Mortgage-backed securities 11 37,316 (109 ) 12 52,235 (1,016 ) 23 89,551 (1,125 ) Total 38 $ 51,327 $ (252 ) 56 $ 70,551 $ (1,227 ) 94 $ 121,878 $ (1,479 )
Schedule of amortized cost and estimated fair value of investment securities available for sale by contractual maturity	The amortized cost and estimated fair value of investment securities available for sale at June 30, 2015 , by contractual maturity are shown in the table below. One Year or Less More than One Year to Five Years More than Five Years to Ten Years More than Ten Years Total Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value Amortized Cost Fair Value (dollars in thousands) Investment securities available for sale: Municipal bonds $ 462 $ 465 $ 21,627 $ 21,554 $ 45,981 $ 46,111 $ 52,322 $ 52,301 $ 120,392 $ 120,431 Mortgage-backed securities — — — — 24,341 24,328 136,423 135,675 160,764 160,003 Total investment securities available for sale $ 462 $ 465 $ 21,627 $ 21,554 $ 70,322 $ 70,439 $ 188,745 $ 187,976 $ 281,156 $ 280,434

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Schedule of components of loans held for investment	The following table sets forth the composition of our loan portfolio in dollar amounts at the dates indicated: June 30, 2015 December 31, 2014 June 30, 2014 (in thousands) Business loans: Commercial and industrial $ 454,463 $ 428,207 $ 319,541 Commercial owner occupied (1) 382,537 210,995 216,784 SBA 50,306 28,404 15,115 Warehouse facilities 198,113 113,798 114,032 Real estate loans: Commercial non-owner occupied 402,786 359,213 360,288 Multi-family 400,237 262,965 251,512 One-to-four family (2) 84,283 122,795 132,020 Construction 124,448 89,682 47,034 Land 16,339 9,088 6,271 Other loans 4,811 3,298 3,753 Total gross loans held for investment (3) 2,118,323 1,628,445 1,466,350 Deferred loan origination costs and premiums, net 237 177 418 Allowance for loan losses (15,100 ) (12,200 ) (9,733 ) Loans held for investment, net $ 2,103,460 $ 1,616,422 $ 1,457,035 ______________________________ (1) Majority secured by real estate. (2) Includes second trust deeds. (3) Total gross loans for June 30, 2015 are net of (i) the unaccreted mark-to-market discounts on Canyon National Bank ("Canyon National") loans of $1.1 million , on Palm Desert National Bank ("Palm Desert National") loans of $1.1 million , on San Diego Trust Bank ("SDTB") loans of $144,000 , and on IDPK loans of $6.3 million and (ii) the mark-to-market premium on First Associations Bank ("FAB") loans of $24,000 .
Summary of Company's investment in purchased credit impaired loans	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: June 30, 2015 Canyon National Palm Desert National IDPK Total (in thousands) Business loans: Commercial and industrial $ 94 $ — $ 540 $ 634 Commercial owner occupied 535 — 2,335 2,870 Real estate loans: Commercial non-owner occupied 943 — 1,237 2,180 One-to-four family — — 92 92 Total purchase credit impaired $ 1,572 $ — $ 4,204 $ 5,776
Summary of accretable yield on purchased credit impaired	The following table summarizes the accretable yield on the purchased credit impaired loans for the six months ended June 30, 2015 : Six Months Ended June 30, 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 (106 ) — (75 ) (181 ) Disposals and other — (52 ) (4 ) (56 ) Change in accretable yield — — 149 149 Balance at the end of period $ 1,245 $ — $ 672 $ 1,917
Summary of Company's investment in impaired loans	The following tables provide a summary of the Company’s investment in impaired loans as of the period indicated: Impaired Loans Contractual Unpaid Principal Balance Recorded Investment With Specific Allowance Without Specific Allowance Specific Allowance for Impaired Loans Average Recorded Investment Interest Income Recognized (in thousands) June 30, 2015 Business loans: Commercial and industrial $ 2,494 $ 1,684 $ 223 $ 1,461 $ 223 $ 1,797 $ — Commercial owner occupied 437 370 — 370 — 373 15 Real estate loans: Commercial non-owner occupied 693 443 — 443 — 446 21 One-to-four family 215 206 — 206 — 222 10 Land 37 23 — 23 — 8 — Totals $ 3,876 $ 2,726 $ 223 $ 2,503 $ 223 $ 2,846 $ 46 Impaired Loans Contractual Unpaid Principal Balance Recorded Investment With Specific Allowance Without Specific Allowance Specific Allowance for Impaired Loans Average Recorded Investment Interest Income Recognized (in thousands) December 31, 2014 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 Unpaid Principal Balance Recorded Investment With Specific Allowance Without Specific Allowance Specific Allowance for Impaired Loans Average Recorded Investment Interest Income Recognized (in thousands) June 30, 2014 Business loans: Commercial and industrial $ 59 $ 24 $ — $ 24 $ — $ 18 $ — Commercial owner occupied 444 417 — 417 — 627 25 SBA — — — — — 9 — Real estate loans: Commercial non-owner occupied 708 514 — 514 — 938 21 One-to-four family 625 575 270 305 104 591 15 Totals $ 1,836 $ 1,530 $ 270 $ 1,260 $ 104 $ 2,183 $ 61
Summary of additional detail on components of impaired loans	The following table provides additional detail on the components of impaired loans at the period end indicated: June 30, 2015 December 31, 2014 June 30, 2014 (in thousands) Nonaccruing loans $ 2,471 $ 1,290 $ 1,345 Accruing loans 255 182 185 Total impaired loans $ 2,726 $ 1,472 $ 1,530
Summary of loan portfolio by the Company's internal risk grading system	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 Pass Special Mention Substandard Total Gross Loans June 30, 2015 (in thousands) Business loans: Commercial and industrial $ 449,461 $ 267 $ 4,735 $ 454,463 Commercial owner occupied 370,185 678 11,674 382,537 SBA 50,306 — — 50,306 Warehouse facilities 198,113 — — 198,113 Real estate loans: Commercial non-owner occupied 399,245 265 3,276 402,786 Multi-family 395,565 704 3,968 400,237 One-to-four family 83,671 — 612 84,283 Construction 124,448 — — 124,448 Land 15,143 — 1,196 16,339 Other loans 4,401 — 410 4,811 Totals $ 2,090,538 $ 1,914 $ 25,871 $ 2,118,323 Credit Risk Grades Pass Special Substandard Total Gross December 31, 2014 (in thousands) 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 Pass Special Substandard Total Gross June 30, 2014 (in thousands) Business loans: Commercial and industrial $ 317,713 $ — $ 1,828 $ 319,541 Commercial owner occupied 206,890 393 9,501 216,784 SBA 15,115 — — 15,115 Warehouse facilities 114,032 — — 114,032 Real estate loans: Commercial non-owner occupied 355,878 — 4,410 360,288 Multi-family 250,494 506 512 251,512 One-to-four family 131,330 — 690 132,020 Construction 47,034 — — 47,034 Land 6,271 — — 6,271 Other loans 3,753 — — 3,753 Totals $ 1,448,510 $ 899 $ 16,941 $ 1,466,350
Schedule of delinquencies in the Company's loan portfolio	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 June 30, 2015 (in thousands) Business loans: Commercial and industrial $ 452,383 $ 452 $ — $ 1,628 $ 454,463 $ 2,147 Commercial owner occupied 382,537 — — — 382,537 578 SBA 50,306 — — — 50,306 — Warehouse facilities 198,113 — — — 198,113 — Real estate loans: Commercial non-owner occupied 402,297 489 — — 402,786 1,454 Multi-family 400,237 — — — 400,237 — One-to-four family 84,218 2 — 63 84,283 88 Construction 124,448 — — — 124,448 — Land 16,316 — — 23 16,339 23 Other loans 4,783 — 28 — 4,811 92 Totals $ 2,115,638 $ 943 $ 28 $ 1,714 $ 2,118,323 $ 4,382 Days Past Due Non- Current 30-59 60-89 90+ Total Accruing December 31, 2014 (in thousands) 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 June 30, 2014 (in thousands) Business loans: Commercial and industrial $ 319,418 $ — $ 99 $ 24 $ 319,541 $ 24 Commercial owner occupied 216,367 — 417 — 216,784 549 SBA 15,115 — — — 15,115 — Warehouse facilities 114,032 — — — 114,032 — Real estate loans: Commercial non-owner occupied 360,288 — — — 360,288 910 Multi-family 251,512 — — — 251,512 — One-to-four family 131,258 236 478 48 132,020 458 Construction 47,034 — — — 47,034 — Land 6,271 — — — 6,271 — Other loans 3,753 — — — 3,753 — Totals $ 1,465,048 $ 236 $ 994 $ 72 $ 1,466,350 $ 1,941

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2015
Provision for Loan and Lease Losses [Abstract]
Summary of allocation of the allowance as well as the activity in the allowance attributed to various segments in the loan portfolio	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 six months ended for the periods indicated: Commercial and industrial Commercial owner occupied SBA Warehouse Facilities Commercial non-owner occupied Multi-family One-to-four family Construction Land Other loans Total (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 (789 ) — — — — — — — — — (789 ) Recoveries 24 — 1 — — — — — — 1 26 Provisions for (reduction in) loan losses 1,867 339 317 329 (44 ) 472 (189 ) 314 254 4 3,663 Balance, June 30, 2015 $ 5,302 $ 2,096 $ 886 $ 875 $ 1,963 $ 1,532 $ 653 $ 1,402 $ 362 $ 29 $ 15,100 Amount of allowance attributed to: Specifically evaluated impaired loans $ 223 $ — $ — $ — $ — $ — $ — $ — $ — $ — $ 223 General portfolio allocation 5,079 2,096 886 875 1,963 1,532 653 1,402 362 29 14,877 Loans individually evaluated for impairment 1,684 370 — — 443 — 206 — 23 — 2,726 Specific reserves to total loans individually evaluated for impairment 13.24 % — % — % — % — % — % — % — % — % — % 8.18 % Loans collectively evaluated for impairment $ 452,779 $ 382,167 $ 50,306 $ 198,113 $ 402,343 $ 400,237 $ 84,077 $ 124,448 $ 16,316 $ 4,811 $ 2,115,597 General reserves to total loans collectively evaluated for impairment 1.12 % 0.55 % 1.76 % 0.44 % 0.49 % 0.38 % 0.78 % 1.13 % 2.22 % 0.60 % 0.70 % Total gross loans $ 454,463 $ 382,537 $ 50,306 $ 198,113 $ 402,786 $ 400,237 $ 84,283 $ 124,448 $ 16,339 $ 4,811 $ 2,118,323 Total allowance to gross loans 1.17 % 0.55 % 1.76 % 0.44 % 0.49 % 0.38 % 0.77 % 1.13 % 2.22 % 0.60 % 0.71 % Commercial and industrial Commercial owner occupied SBA Warehouse Facilities Commercial non-owner occupied Multi-family One-to-four family Construction Land Other loans Total (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 21 — 3 — — — 30 — — 1 55 Provisions for (reduction in) loan losses 1,036 (72 ) 110 64 698 120 (299 ) 391 (60 ) (9 ) 1,979 Balance, June 30, 2014 $ 2,901 $ 1,746 $ 264 $ 456 $ 1,991 $ 937 $ 818 $ 527 $ 67 $ 26 $ 9,733 Amount of allowance attributed to: Specifically evaluated impaired loans $ — $ — $ — $ — $ — $ — $ 104 $ — $ — $ — $ 104 General portfolio allocation 2,901 1,746 264 456 1,991 937 714 527 67 26 9,629 Loans individually evaluated for impairment 24 417 — — 514 — 575 — — — 1,530 Specific reserves to total loans individually evaluated for impairment — % — % — % — % — % — % 18.09 % — % — % — % 6.80 % Loans collectively evaluated for impairment $ 319,517 $ 216,367 $ 15,115 $ 114,032 $ 359,774 $ 251,512 $ 131,445 $ 47,034 $ 6,271 $ 3,753 $ 1,464,820 General reserves to total loans collectively evaluated for impairment 0.91 % 0.81 % 1.75 % 0.40 % 0.55 % 0.37 % 0.54 % 1.12 % 1.07 % 0.69 % 0.66 % Total gross loans $ 319,541 $ 216,784 $ 15,115 $ 114,032 $ 360,288 $ 251,512 $ 132,020 $ 47,034 $ 6,271 $ 3,753 $ 1,466,350 Total allowance to gross loans 0.91 % 0.81 % 1.75 % 0.40 % 0.55 % 0.37 % 0.62 % 1.12 % 1.07 % 0.69 % 0.66 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of number of stock options excluded from the computations of diluted earnings per share	The following table sets forth the number of stock options excluded for the periods indicated: Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, 2015 2015 2014 2015 2014 Stock options excluded 780,659 814,369 503,676 800,806 593,387
Schedule of Company's unaudited earnings per share calculations	The following tables set forth the Company’s unaudited earnings per share calculations for the periods indicated: Three Months Ended June 30, 2015 March 31, 2015 June 30, 2014 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Net Income Shares Per Share Amount (dollars in thousands, except per share data) Net income $ 7,825 $ 1,789 $ 4,643 Basic income available to common stockholders 7,825 21,493,641 $ 0.36 1,789 20,091,924 $ 0.09 4,643 17,124,337 $ 0.28 Effect of dilutive stock option grants and warrants — 335,235 — 290,908 — 352,053 Diluted income available to common stockholders plus assumed conversions $ 7,825 21,828,876 $ 0.36 1,789 20,382,832 $ 0.09 $ 4,643 17,476,390 $ 0.27 Six Months Ended June 30, 2015 2014 Net Shares Per Share Net Shares Per Share (dollars in thousands, except per share data) Net income $ 9,613 $ 7,275 Basic income available to common stockholders 9,613 20,796,655 $ 0.46 7,275 17,083,194 $ 0.43 Effect of dilutive stock option grants and warrants — 329,887 — 339,734 Diluted income available to common stockholders plus assumed conversions $ 9,613 21,126,542 $ 0.46 7,275 17,422,928 $ 0.42

Fair Value of Financial Instr25

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value of financial instruments	The fair value estimates presented herein are based on pertinent information available to management as of the periods indicated. At June 30, 2015 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value (in thousands) Assets: Cash and cash equivalents $ 83,077 $ 83,077 $ — $ — $ 83,077 Securities available for sale 280,434 — 280,434 — 280,434 FHLB, Federal Reserve Bank, and other stock, at cost 22,843 22,843 — — 22,843 Loans held for investment, net 2,103,460 — — 2,150,673 2,150,673 Accrued interest receivable 9,072 9,072 — — 9,072 Other real estate owned 711 — — 711 711 Liabilities: Deposit accounts 2,095,983 1,575,404 522,157 — 2,097,561 FHLB advances 118,000 118,208 — — 118,208 Other borrowings 49,389 — 48,936 — 48,936 Subordinated debentures 70,310 — 68,675 — 68,675 Accrued interest payable 212 212 — — 212 Notional Amount Level 1 Level 2 Level 3 Cost to Cede or Assume Off-balance sheet commitments and standby letters of credit $ 380,783 $ — $ 38,078 $ — $ 38,078 At December 31, 2014 Carrying Amount Level 1 Level 2 Level 3 Estimated 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 FHLB, Federal Reserve Bank, and other 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 Amount Level 1 Level 2 Level 3 Cost to Cede or Assume Off-balance sheet commitments and standby letters of credit $ 355,024 $ — $ 35,502 $ — $ 35,502 At June 30, 2014 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value (in thousands) Assets: Cash and cash equivalents $ 120,292 $ 120,292 $ — $ — $ 120,292 Securities available for sale 235,116 — 235,116 — 235,116 FHLB, Federal Reserve Bank, and other stock, at cost 18,494 18,494 — — 18,494 Loans held for investment, net 1,457,035 — — 1,461,796 1,461,796 Accrued interest receivable 6,645 6,645 — — 6,645 Other real estate owned 752 — — 752 752 Liabilities: Deposit accounts 1,445,581 1,102,419 371,132 — 1,473,551 FHLB advances 210,000 210,000 — — 210,000 Other borrowings 45,287 — 47,538 — 47,538 Subordinated debentures 10,310 — 4,592 — 4,592 Accrued interest payable 177 177 — — 177
Schedule of Off-balance sheet commitments and standby letters of credit	Notional Amount Level 1 Level 2 Level 3 Cost to Cede Off-balance sheet commitments and standby letters of credit $ 293,228 $ — $ 29,323 $ — $ 29,323
Schedule of Company's financial instruments measured at fair value on a recurring basis	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: June 30, 2015 Fair Value Measurement Using Level 1 Level 2 Level 3 Securities at Fair Value (in thousands) Investment securities available for sale: Municipal bonds $ — $ 120,431 $ — $ 120,431 Mortgage-backed securities — 160,003 — 160,003 Total securities available for sale $ — $ 280,434 $ — $ 280,434 June 30, 2014 Fair Value Measurement Using Level 1 Level 2 Level 3 Securities at Fair Value (in thousands) Investment securities available for sale: Municipal bonds $ — $ 85,433 $ — 85,433 Mortgage-backed securities — 149,683 — 149,683 Total securities available for sale $ — $ 235,116 $ — $ 235,116
Schedule of Company's assets measured at fair value on a non-recurring basis	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: June 30, 2015 Fair Value Measurement Using Level 1 Level 2 Level 3 Assets at Fair Value (in thousands) Assets Collateral dependent impaired loans $ — $ — $ 2,548 $ 2,548 Other real estate owned — — 711 711 Total assets $ — $ — $ 3,259 $ 3,259 June 30, 2014 Fair Value Measurement Using Level 1 Level 2 Level 3 Assets at Fair Value (in thousands) Assets Collateral dependent impaired loans $ — $ — $ 1,003 $ 1,003 Other real estate owned — — 752 752 Total assets $ — $ — $ 1,755 $ 1,755
Schedule of quantitative information about level 3 of fair value measurements for financial instruments measured at fair value on a non-recurring basis	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: June 30, 2015 Range Fair Value Valuation Techniques Rate Maturity (years) Unobservable Inputs Collateral dependent impaired loans: Business loans: Commercial and industrial $ 1,684 Collateral valuation 6.70% 8 0 - 10% Commercial owner occupied 370 Collateral valuation 6.75% 7 0 - 10% Real estate loans: Commercial non-owner occupied 443 Collateral valuation 7.00% 12 0 - 15% One-to-four family 28 Collateral valuation 8.00 - 15.00% 5 - 16 0 - 10% Land 23 Collateral valuation 13.00% 15 0 - 10% Total collateral dependent impaired loans $ 2,548 Other real estate owned Land $ 711 Collateral valuation — — 0 - 10% One-to-four family — Collateral valuation — — 0 - 10% Total other real estate owned $ 711 June 30, 2014 Range Fair Value Valuation Techniques Rate Maturity (years) Unobservable Inputs Collateral dependent impaired loans: Business loans: Commercial and industrial $ 24 Collateral valuation 6.00% 3 0 - 10% Commercial owner occupied 417 Collateral valuation 11.75% 8 0 - 10% Real estate loans: Commercial non-owner occupied 514 Collateral valuation 7.00% 13 0 - 15% One-to-four family 48 Collateral valuation 2.26% - 15.00% 2-22 0 - 10% Total collateral dependent impaired loans $ 1,003 Other real estate owned Land $ 752 Collateral valuation — — 0-10% Total other real estate owned $ 752

Significant Accounting Polici26

Significant Accounting Policies (Details) - Core deposit	6 Months Ended
	Jun. 30, 2015
Minimum
Significant Accounting Policies
Estimated useful lives (in years)	6 years
Maximum
Significant Accounting Policies
Estimated useful lives (in years)	10 years

Acquisitions (Details)

Acquisitions (Details)	6 Months Ended
	Jun. 30, 2015
Maximum
Acquisitions
Extension period for measurement for fair values (in years)	1 year

Acquisitions Independence Bank

Acquisitions Independence Bank Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 26, 2015	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Acquisitions
Goodwill		$ 50,832	$ 22,950	$ 22,950
IDPK
Acquisitions
Consideration paid	$ 79,777
Cash consideration for common stockholders	6,100
Cash consideration for holders of stock options and warrants	1,500
Warrants assumed	$ 1,300
Number of shares of common stock issued as consideration	4,480,645
Value of shares of common stock issued as consideration	$ 70,900
Closing stock price of common stock	$ 15.83
Goodwill	$ 27,882

Acquisitions Infinity Franchise

Acquisitions Infinity Franchise Holdings Acquisition (Details) $ / shares in Units, $ in Thousands	Jan. 30, 2014USD ($)entity$ / sharesshares	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)
Acquisitions
Delinquent loans or adversely classified assets		$ 4,382	$ 1,444	$ 1,941
Goodwill		50,832	$ 22,950	$ 22,950
Total purchase credit impaired loans		$ 5,776
Infinity Franchise Holdings Acquisition
Acquisitions
Consideration paid	$ 17,360
Cash consideration	$ 8,300
Number of shares of common stock issued as consideration | shares	562,469
Stock price of the acquired entity (in dollars per share) | $ / shares	$ 16.02
Period prior to announcement of the transaction for which average closing price is considered to calculate value of shares to be issued (in days)	10 days
Delinquent loans or adversely classified assets	$ 0
Goodwill	$ 5,522
Number of entities in business combination | entity	2
Total purchase credit impaired loans	$ 0

Acquisitions Assets Acquired an

Acquisitions Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jan. 26, 2015	Jan. 30, 2014	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Acquisitions
Deferred loan costs		$ 0
Allowance for loan losses	$ 0	0
Goodwill			$ 50,832	$ 22,950	$ 22,950
IDPK
Acquisitions
Cash and cash equivalents	10,486
Investment securities	56,121
Loans, gross	332,893
Deferred income taxes	4,794
Bank owned life insurance	11,276
Core deposit intangible	2,903
Other assets	4,536
Total assets acquired	423,009
Deposits	336,018
FHLB advances	33,300
Other liabilities	1,796
Total liabilities assumed	371,114
Excess of assets acquired over liabilities assumed	51,895
Consideration paid	79,777
Goodwill	27,882
Infinity Franchise Holdings Acquisition
Acquisitions
Cash and cash equivalents		555
Loans, gross		78,833
Other assets		776
Total assets acquired		80,164
Bank loan		67,617
Accrued compensation		495
Other liabilities		214
Total liabilities assumed		68,326
Excess of assets acquired over liabilities assumed		11,838
Consideration paid		17,360
Goodwill		5,522
IFH Book Value | IDPK
Acquisitions
Cash and cash equivalents	10,486
Investment securities	56,503
Loans, gross	339,502
Allowance for loan losses	(3,301)
Deferred income taxes	3,252
Bank owned life insurance	11,276
Core deposit intangible	904
Other assets	3,756
Total assets acquired	422,378
Deposits	335,685
FHLB advances	33,300
Other liabilities	1,916
Total liabilities assumed	370,901
Excess of assets acquired over liabilities assumed	51,477
IFH Book Value | Infinity Franchise Holdings Acquisition
Acquisitions
Cash and cash equivalents		555
Loans, gross		78,833
Deferred loan costs		1,082
Allowance for loan losses		(268)
Other assets		776
Total assets acquired		80,978
Bank loan		67,617
Accrued compensation		495
Other liabilities		214
Total liabilities assumed		68,326
Excess of assets acquired over liabilities assumed		12,652
Fair Value Adjustments | IDPK
Acquisitions
Cash and cash equivalents	0
Investment securities	(382)
Loans, gross	(6,609)
Allowance for loan losses	3,301
Deferred income taxes	1,542
Bank owned life insurance	0
Core deposit intangible	1,999
Other assets	780
Total assets acquired	631
Deposits	333
FHLB advances	0
Other liabilities	(120)
Total liabilities assumed	213
Excess of assets acquired over liabilities assumed	$ 418
Fair Value Adjustments | Infinity Franchise Holdings Acquisition
Acquisitions
Cash and cash equivalents		0
Loans, gross		0
Deferred loan costs		(1,082)
Allowance for loan losses		268
Other assets		0
Total assets acquired		(814)
Bank loan		0
Accrued compensation		0
Other liabilities		0
Total liabilities assumed		0
Excess of assets acquired over liabilities assumed		$ (814)

Acquisitions Loan Information (

Acquisitions Loan Information (Details) - Acquired Loans $ in Thousands	Jun. 30, 2015USD ($)
Infinity Franchise Holdings Acquisition
Acquisitions
Contractual amounts due	$ 98,320
Cash flows not expected to be collected	0
Expected cash flows	98,320
Interest component of expected cash flows	19,487
Fair value of acquired loans	78,833
IDPK
Acquisitions
Contractual amounts due	453,987
Cash flows not expected to be collected	3,795
Expected cash flows	450,192
Interest component of expected cash flows	117,299
Fair value of acquired loans	$ 332,893

Acquisitions Pro Forma Informat

Acquisitions Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Business Combinations [Abstract]
Net interest and other income	$ 31,013	$ 30,354
Net income	$ 6,838	$ 6,446
Basic earnings per share (in dollars per share)	$ 0.30	$ 0.30
Diluted earnings per share (in dollars per share)	$ 0.30	$ 0.29

Investment Securities Amortized

Investment Securities Amortized Cost and Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Investment securities available for sale:
Total	$ 281,156	$ 200,758	$ 235,154
Unrealized Gain	1,096	1,667	1,441
Unrealized Loss	(1,818)	(787)	(1,479)
Investment securities available for sale	280,434	201,638	235,116
Municipal bonds
Investment securities available for sale:
Total	120,392	88,599	84,576
Unrealized Gain	784	1,235	1,211
Unrealized Loss	(745)	(173)	(354)
Investment securities available for sale	120,431	89,661	85,433
Mortgage-backed securities
Investment securities available for sale:
Total	160,764	112,159	150,578
Unrealized Gain	312	432	230
Unrealized Loss	(1,073)	(614)	(1,125)
Investment securities available for sale	$ 160,003	$ 111,977	$ 149,683

Investment Securities Narrative

Investment Securities Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)purchase_agreement	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)
Investment Securities
FHLB stock	$ 11,300
FRB stock	7,500
Other stock	4,000
Excess FHLB stock with the entity repurchased by FHLB through their stock repurchase program	$ 10,500
Number of inverse putable reverse repurchase of the Bank's secured by collateral | purchase_agreement	3
Value of inverse putable reverse repurchases secured by collateral	$ 28,500
Accumulated other comprehensive income (loss) before tax amount	722	$ 880
Accumulated other comprehensive income, net of tax	(425)	$ 518	$ (22)
HOA
Investment Securities
Value of inverse putable reverse repurchases secured by collateral	19,700
Mortgage-backed securities
Investment Securities
Estimated par value of securities pledged as collateral for the Bank's inverse putable reverse repurchases	65,200
Fair value of securities pledged as collateral for the Bank's inverse putable reverse repurchases	$ 66,800

Investment Securities Investmen

Investment Securities Investment Category and Length of Time (Details) $ in Thousands	Jun. 30, 2015USD ($)investment_security	Dec. 31, 2014USD ($)investment_security	Jun. 30, 2014USD ($)investment_security
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Number | investment_security	141	42	38
Less than 12 months, Fair Value	$ 143,721	$ 42,482	$ 51,327
Less than 12 months, Gross Unrealized Holding Losses	$ (1,184)	$ (222)	$ (252)
12 months or more, Number | investment_security	10	20	56
12 months or more, Fair Value	$ 17,950	$ 25,352	$ 70,551
12 months or more, Gross Unrealized Holding Losses	$ (634)	$ (565)	$ (1,227)
Total, Number | investment_security	151	62	94
Total, Fair Value	$ 161,671	$ 67,834	$ 121,878
Total, Gross Unrealized Holding Losses	$ (1,818)	$ (787)	$ (1,479)
Municipal bonds
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Number | investment_security	109	35	27
Less than 12 months, Fair Value	$ 56,215	$ 18,129	$ 14,011
Less than 12 months, Gross Unrealized Holding Losses	$ (636)	$ (117)	$ (143)
12 months or more, Number | investment_security	7	16	44
12 months or more, Fair Value	$ 3,728	$ 6,510	$ 18,316
12 months or more, Gross Unrealized Holding Losses	$ (109)	$ (56)	$ (211)
Total, Number | investment_security	116	51	71
Total, Fair Value	$ 59,943	$ 24,639	$ 32,327
Total, Gross Unrealized Holding Losses	$ (745)	$ (173)	$ (354)
Mortgage-backed securities
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Number | investment_security	32	7	11
Less than 12 months, Fair Value	$ 87,506	$ 24,353	$ 37,316
Less than 12 months, Gross Unrealized Holding Losses	$ (548)	$ (105)	$ (109)
12 months or more, Number | investment_security	3	4	12
12 months or more, Fair Value	$ 14,222	$ 18,842	$ 52,235
12 months or more, Gross Unrealized Holding Losses	$ (525)	$ (509)	$ (1,016)
Total, Number | investment_security	35	11	23
Total, Fair Value	$ 101,728	$ 43,195	$ 89,551
Total, Gross Unrealized Holding Losses	$ (1,073)	$ (614)	$ (1,125)

Investment Securities By Contra

Investment Securities By Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Amortized Cost
One Year or Less	$ 462
More than One Year to Five Years	21,627
More than Five Years to Ten Years	70,322
More than Ten Years	188,745
Total	281,156	$ 200,758	$ 235,154
Fair Value
One Year or Less	465
More than One Year to Five Years	21,554
More than Five Years to Ten Years	70,439
More than Ten Years	187,976
Total	280,434	201,638	235,116
Municipal bonds
Amortized Cost
One Year or Less	462
More than One Year to Five Years	21,627
More than Five Years to Ten Years	45,981
More than Ten Years	52,322
Total	120,392	88,599	84,576
Fair Value
One Year or Less	465
More than One Year to Five Years	21,554
More than Five Years to Ten Years	46,111
More than Ten Years	52,301
Total	120,431	89,661	85,433
Mortgage-backed securities
Amortized Cost
One Year or Less	0
More than One Year to Five Years	0
More than Five Years to Ten Years	24,341
More than Ten Years	136,423
Total	160,764	112,159	150,578
Fair Value
One Year or Less	0
More than One Year to Five Years	0
More than Five Years to Ten Years	24,328
More than Ten Years	135,675
Total	$ 160,003	$ 111,977	$ 149,683

Loans Held for Investment Compo

Loans Held for Investment Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Loans Held for Investment
Total gross loans held for investment	$ 2,118,323	$ 1,628,445	$ 1,466,350
Deferred loan origination costs and premiums, net	237	177	418
Allowance for loan losses	(15,100)	(12,200)	(9,733)	$ (8,200)
Loans held for investment, net	2,103,460	1,616,422	1,457,035
Commercial and industrial
Loans Held for Investment
Total gross loans held for investment	454,463	428,207	319,541
Allowance for loan losses	(5,302)	(4,200)	(2,901)	(1,968)
Commercial owner occupied
Loans Held for Investment
Total gross loans held for investment	382,537	210,995	216,784
Allowance for loan losses	(2,096)	(1,757)	(1,746)	(1,818)
SBA
Loans Held for Investment
Total gross loans held for investment	50,306	28,404	15,115
Allowance for loan losses	(886)	(568)	(264)	(151)
Warehouse facilities
Loans Held for Investment
Total gross loans held for investment	198,113	113,798	114,032
Allowance for loan losses	(875)	(546)	(456)	(392)
Commercial non-owner occupied
Loans Held for Investment
Total gross loans held for investment	402,786	359,213	360,288
Allowance for loan losses	(1,963)	(2,007)	(1,991)	(1,658)
Multi-family
Loans Held for Investment
Total gross loans held for investment	400,237	262,965	251,512
Allowance for loan losses	(1,532)	(1,060)	(937)	(817)
One-to-four family
Loans Held for Investment
Total gross loans held for investment	84,283	122,795	132,020
Allowance for loan losses	(653)	(842)	(818)	(1,099)
Construction
Loans Held for Investment
Total gross loans held for investment	124,448	89,682	47,034
Allowance for loan losses	(1,402)	(1,088)	(527)	(136)
Land
Loans Held for Investment
Total gross loans held for investment	16,339	9,088	6,271
Allowance for loan losses	(362)	(108)	(67)	(127)
Other loans
Loans Held for Investment
Total gross loans held for investment	4,811	3,298	3,753
Allowance for loan losses	$ (29)	$ (24)	$ (26)	$ (34)

Loans Held for Investment Narra

Loans Held for Investment Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)areagrade	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)
Loans Held for Investment
Total purchase credit impaired	$ 5,776
Secured loans limit to one borrower	88,800
Unsecured loans limit to one borrower	53,300
Aggregate outstanding balance of loans to one borrower of secured credit	46,700
Purchased credit impaired loans, nonaccrual status	1,600
Nonaccruing loans	$ 2,471	$ 1,290	$ 1,345
Number of areas where the entity's credit quality is maintained and credit risk managed | area	2
Number of Pass scale grades | grade	6
Canyon National
Loans Held for Investment
Unaccreted mark-to-market discount	$ 1,100
Total purchase credit impaired	1,572
San Diego Trust Bank
Loans Held for Investment
Unaccreted mark-to-market discount	144
IDPK
Loans Held for Investment
Unaccreted mark-to-market discount	6,300
Total purchase credit impaired	4,204
First Association Bank
Loans Held for Investment
Mark-to-market premium	24
Palm Desert National
Loans Held for Investment
Total purchase credit impaired	$ 0

Loans Held for Investment Purch

Loans Held for Investment Purchased Credit Impaired Loans (Details) $ in Thousands	Jun. 30, 2015USD ($)
Loans Held for Investment
Total purchase credit impaired	$ 5,776
Commercial and industrial
Loans Held for Investment
Total purchase credit impaired	634
Commercial owner occupied
Loans Held for Investment
Total purchase credit impaired	2,870
Commercial non-owner occupied
Loans Held for Investment
Total purchase credit impaired	2,180
One-to-four family
Loans Held for Investment
Total purchase credit impaired	92
Canyon National
Loans Held for Investment
Total purchase credit impaired	1,572
Canyon National | Commercial and industrial
Loans Held for Investment
Total purchase credit impaired	94
Canyon National | Commercial owner occupied
Loans Held for Investment
Total purchase credit impaired	535
Canyon National | Commercial non-owner occupied
Loans Held for Investment
Total purchase credit impaired	943
Canyon National | One-to-four family
Loans Held for Investment
Total purchase credit impaired	0
Palm Desert National
Loans Held for Investment
Total purchase credit impaired	0
Palm Desert National | Commercial and industrial
Loans Held for Investment
Total purchase credit impaired	0
Palm Desert National | Commercial owner occupied
Loans Held for Investment
Total purchase credit impaired	0
Palm Desert National | Commercial non-owner occupied
Loans Held for Investment
Total purchase credit impaired	0
Palm Desert National | One-to-four family
Loans Held for Investment
Total purchase credit impaired	0
IDPK
Loans Held for Investment
Total purchase credit impaired	4,204
IDPK | Commercial and industrial
Loans Held for Investment
Total purchase credit impaired	540
IDPK | Commercial owner occupied
Loans Held for Investment
Total purchase credit impaired	2,335
IDPK | Commercial non-owner occupied
Loans Held for Investment
Total purchase credit impaired	1,237
IDPK | One-to-four family
Loans Held for Investment
Total purchase credit impaired	$ 92

Loans Held for Investment Accre

Loans Held for Investment Accretable Yield Roll Forward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Accretable yield on purchased credit impaired
Balance at the beginning of period	$ 1,403
Accretable yield at acquisition	602
Accretion	(181)
Disposals and other	(56)
Change in accretable yield	149
Balance at the end of period	1,917
Canyon National
Accretable yield on purchased credit impaired
Balance at the beginning of period	1,351
Accretable yield at acquisition	0
Accretion	(106)
Disposals and other	0
Change in accretable yield	0
Balance at the end of period	1,245
Palm Desert National
Accretable yield on purchased credit impaired
Balance at the beginning of period	52
Accretable yield at acquisition	0
Accretion	0
Disposals and other	(52)
Change in accretable yield	0
Balance at the end of period	0
IDPK
Accretable yield on purchased credit impaired
Balance at the beginning of period	0
Accretable yield at acquisition	602
Accretion	(75)
Disposals and other	(4)
Change in accretable yield	149
Balance at the end of period	$ 672

Loans Held for Investment Compa

Loans Held for Investment Company's Investment in Impaired Loans (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Impaired Loans
Contractual Unpaid Principal Balance	$ 3,876	$ 1,836	$ 1,913
Recorded Investment	2,726	1,530	1,472
With Specific Allowance	223	270	0
Without Specific Allowance	2,503	1,260	1,472
Specific Allowance for Impaired Loans	223	104	0
Average Recorded Investment	2,846	2,183	1,878
Interest Income Recognized	46	61	148
Commercial and industrial
Impaired Loans
Contractual Unpaid Principal Balance	2,494	59	0
Recorded Investment	1,684	24	0
With Specific Allowance	223	0	0
Without Specific Allowance	1,461	24	0
Specific Allowance for Impaired Loans	223	0	0
Average Recorded Investment	1,797	18	11
Interest Income Recognized	0	0	0
Commercial owner occupied
Impaired Loans
Contractual Unpaid Principal Balance	437	444	440
Recorded Investment	370	417	388
With Specific Allowance	0	0	0
Without Specific Allowance	370	417	388
Specific Allowance for Impaired Loans	0	0	0
Average Recorded Investment	373	627	514
Interest Income Recognized	15	25	46
SBA
Impaired Loans
Contractual Unpaid Principal Balance		0	0
Recorded Investment		0	0
With Specific Allowance		0	0
Without Specific Allowance		0	0
Specific Allowance for Impaired Loans	0	0	0
Average Recorded Investment		9	5
Interest Income Recognized		0	0
Commercial non-owner occupied
Impaired Loans
Contractual Unpaid Principal Balance	693	708	1,217
Recorded Investment	443	514	848
With Specific Allowance	0	0	0
Without Specific Allowance	443	514	848
Specific Allowance for Impaired Loans	0	0	0
Average Recorded Investment	446	938	908
Interest Income Recognized	21	21	85
One-to-four family
Impaired Loans
Contractual Unpaid Principal Balance	215	625	256
Recorded Investment	206	575	236
With Specific Allowance	0	270	0
Without Specific Allowance	206	305	236
Specific Allowance for Impaired Loans	0	104	0
Average Recorded Investment	222	591	440
Interest Income Recognized	10	15	$ 17
Land
Impaired Loans
Contractual Unpaid Principal Balance	37
Recorded Investment	23
With Specific Allowance	0
Without Specific Allowance	23
Specific Allowance for Impaired Loans	0	$ 0
Average Recorded Investment	8
Interest Income Recognized	$ 0

Loans Held for Investment Com42

Loans Held for Investment Components of Impaired Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Receivables [Abstract]
Nonaccruing loans	$ 2,471	$ 1,290	$ 1,345
Accruing loans	255	182	185
Total impaired loans	$ 2,726	$ 1,472	$ 1,530

Loans Held for Investment Inter

Loans Held for Investment Internal Risk Grading System (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Credit Risk Grades
Totals	$ 2,118,323	$ 1,628,445	$ 1,466,350
Commercial and industrial
Credit Risk Grades
Totals	454,463	428,207	319,541
Commercial owner occupied
Credit Risk Grades
Totals	382,537	210,995	216,784
SBA
Credit Risk Grades
Totals	50,306	28,404	15,115
Warehouse facilities
Credit Risk Grades
Totals	198,113	113,798	114,032
Commercial non-owner occupied
Credit Risk Grades
Totals	402,786	359,213	360,288
Multi-family
Credit Risk Grades
Totals	400,237	262,965	251,512
One-to-four family
Credit Risk Grades
Totals	84,283	122,795	132,020
Construction
Credit Risk Grades
Totals	124,448	89,682	47,034
Land
Credit Risk Grades
Totals	16,339	9,088	6,271
Other loans
Credit Risk Grades
Totals	4,811	3,298	3,753
Pass
Credit Risk Grades
Totals	2,090,538	1,612,143	1,448,510
Pass | Commercial and industrial
Credit Risk Grades
Totals	449,461	426,379	317,713
Pass | Commercial owner occupied
Credit Risk Grades
Totals	370,185	202,390	206,890
Pass | SBA
Credit Risk Grades
Totals	50,306	28,132	15,115
Pass | Warehouse facilities
Credit Risk Grades
Totals	198,113	113,798	114,032
Pass | Commercial non-owner occupied
Credit Risk Grades
Totals	399,245	355,274	355,878
Pass | Multi-family
Credit Risk Grades
Totals	395,565	261,956	250,494
Pass | One-to-four family
Credit Risk Grades
Totals	83,671	122,146	131,330
Pass | Construction
Credit Risk Grades
Totals	124,448	89,682	47,034
Pass | Land
Credit Risk Grades
Totals	15,143	9,088	6,271
Pass | Other loans
Credit Risk Grades
Totals	4,401	3,298	3,753
Special Mention
Credit Risk Grades
Totals	1,914	773	899
Special Mention | Commercial and industrial
Credit Risk Grades
Totals	267	0	0
Special Mention | Commercial owner occupied
Credit Risk Grades
Totals	678	0	393
Special Mention | SBA
Credit Risk Grades
Totals	0	272	0
Special Mention | Warehouse facilities
Credit Risk Grades
Totals	0	0	0
Special Mention | Commercial non-owner occupied
Credit Risk Grades
Totals	265	0	0
Special Mention | Multi-family
Credit Risk Grades
Totals	704	501	506
Special Mention | One-to-four family
Credit Risk Grades
Totals	0	0	0
Special Mention | Construction
Credit Risk Grades
Totals	0	0	0
Special Mention | Land
Credit Risk Grades
Totals	0	0	0
Special Mention | Other loans
Credit Risk Grades
Totals	0	0	0
Substandard
Credit Risk Grades
Totals	25,871	15,529	16,941
Substandard | Commercial and industrial
Credit Risk Grades
Totals	4,735	1,828	1,828
Substandard | Commercial owner occupied
Credit Risk Grades
Totals	11,674	8,605	9,501
Substandard | SBA
Credit Risk Grades
Totals	0	0	0
Substandard | Warehouse facilities
Credit Risk Grades
Totals	0	0	0
Substandard | Commercial non-owner occupied
Credit Risk Grades
Totals	3,276	3,939	4,410
Substandard | Multi-family
Credit Risk Grades
Totals	3,968	508	512
Substandard | One-to-four family
Credit Risk Grades
Totals	612	649	690
Substandard | Construction
Credit Risk Grades
Totals	0	0	0
Substandard | Land
Credit Risk Grades
Totals	1,196	0	0
Substandard | Other loans
Credit Risk Grades
Totals	$ 410	$ 0	$ 0

Delinquencies (Details 6)

Delinquencies (Details 6) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Other information concerning the credit quality
Total	$ 2,118,323	$ 1,628,445	$ 1,466,350
Non-Accruing	4,382	1,444	1,941
Commercial and industrial
Other information concerning the credit quality
Total	454,463	428,207	319,541
Non-Accruing	2,147	0	24
Commercial owner occupied
Other information concerning the credit quality
Total	382,537	210,995	216,784
Non-Accruing	578	514	549
SBA
Other information concerning the credit quality
Total	50,306	28,404	15,115
Non-Accruing	0	0	0
Warehouse facilities
Other information concerning the credit quality
Total	198,113	113,798	114,032
Non-Accruing	0	0	0
Commercial non-owner occupied
Other information concerning the credit quality
Total	402,786	359,213	360,288
Non-Accruing	1,454	848	910
Multi-family
Other information concerning the credit quality
Total	400,237	262,965	251,512
Non-Accruing	0	0	0
One-to-four family
Other information concerning the credit quality
Total	84,283	122,795	132,020
Non-Accruing	88	82	458
Construction
Other information concerning the credit quality
Total	124,448	89,682	47,034
Non-Accruing	0	0	0
Land
Other information concerning the credit quality
Total	16,339	9,088	6,271
Non-Accruing	23	0	0
Other loans
Other information concerning the credit quality
Total	4,811	3,298	3,753
Non-Accruing	92	0	0
Current
Other information concerning the credit quality
Current	2,115,638	1,628,347	1,465,048
Current | Commercial and industrial
Other information concerning the credit quality
Current	452,383	428,183	319,418
Current | Commercial owner occupied
Other information concerning the credit quality
Current	382,537	210,995	216,367
Current | SBA
Other information concerning the credit quality
Current	50,306	28,404	15,115
Current | Warehouse facilities
Other information concerning the credit quality
Current	198,113	113,798	114,032
Current | Commercial non-owner occupied
Other information concerning the credit quality
Current	402,297	359,213	360,288
Current | Multi-family
Other information concerning the credit quality
Current	400,237	262,965	251,512
Current | One-to-four family
Other information concerning the credit quality
Current	84,218	122,722	131,258
Current | Construction
Other information concerning the credit quality
Current	124,448	89,682	47,034
Current | Land
Other information concerning the credit quality
Current	16,316	9,088	6,271
Current | Other loans
Other information concerning the credit quality
Current	4,783	3,297	3,753
30-59
Other information concerning the credit quality
Days Past Due	943	20	236
30-59 | Commercial and industrial
Other information concerning the credit quality
Days Past Due	452	0	0
30-59 | Commercial owner occupied
Other information concerning the credit quality
Days Past Due	0	0	0
30-59 | SBA
Other information concerning the credit quality
Days Past Due	0	0	0
30-59 | Warehouse facilities
Other information concerning the credit quality
Days Past Due	0	0	0
30-59 | Commercial non-owner occupied
Other information concerning the credit quality
Days Past Due	489	0	0
30-59 | Multi-family
Other information concerning the credit quality
Days Past Due	0	0	0
30-59 | One-to-four family
Other information concerning the credit quality
Days Past Due	2	19	236
30-59 | Construction
Other information concerning the credit quality
Days Past Due	0	0	0
30-59 | Land
Other information concerning the credit quality
Days Past Due	0	0	0
30-59 | Other loans
Other information concerning the credit quality
Days Past Due	0	1	0
60-89
Other information concerning the credit quality
Days Past Due	28	24	994
60-89 | Commercial and industrial
Other information concerning the credit quality
Days Past Due	0	24	99
60-89 | Commercial owner occupied
Other information concerning the credit quality
Days Past Due	0	0	417
60-89 | SBA
Other information concerning the credit quality
Days Past Due	0	0	0
60-89 | Warehouse facilities
Other information concerning the credit quality
Days Past Due	0	0	0
60-89 | Commercial non-owner occupied
Other information concerning the credit quality
Days Past Due	0	0	0
60-89 | Multi-family
Other information concerning the credit quality
Days Past Due	0	0	0
60-89 | One-to-four family
Other information concerning the credit quality
Days Past Due	0	0	478
60-89 | Construction
Other information concerning the credit quality
Days Past Due	0	0	0
60-89 | Land
Other information concerning the credit quality
Days Past Due	0	0	0
60-89 | Other loans
Other information concerning the credit quality
Days Past Due	28	0	0
90
Other information concerning the credit quality
Days Past Due	1,714	54	72
90 | Commercial and industrial
Other information concerning the credit quality
Days Past Due	1,628	0	24
90 | Commercial owner occupied
Other information concerning the credit quality
Days Past Due	0	0	0
90 | SBA
Other information concerning the credit quality
Days Past Due	0	0	0
90 | Warehouse facilities
Other information concerning the credit quality
Days Past Due	0	0	0
90 | Commercial non-owner occupied
Other information concerning the credit quality
Days Past Due	0	0	0
90 | Multi-family
Other information concerning the credit quality
Days Past Due	0	0	0
90 | One-to-four family
Other information concerning the credit quality
Days Past Due	63	54	48
90 | Construction
Other information concerning the credit quality
Days Past Due	0	0	0
90 | Land
Other information concerning the credit quality
Days Past Due	23	0	0
90 | Other loans
Other information concerning the credit quality
Days Past Due	$ 0	$ 0	$ 0

Allowance for Loan Losses (Deta

Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		$ 12,200		$ 12,200	$ 8,200
Charge-offs				(789)	(501)
Recoveries				26	55
Provisions for (reduction in) loan losses	$ 1,833	1,830	$ 1,030	3,663	1,979
Balance, at the end of the period	15,100		9,733	15,100	9,733
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	223		104	223	104	$ 0
Amount of allowance attributed to: General portfolio allocation	14,877		9,629	14,877	9,629
Loans individually evaluated for impairment	2,726		1,530	$ 2,726	$ 1,530
Specific reserves to total loans individually evaluated for impairment (as a percent)				8.18048%	6.80%
Loans collectively evaluated for impairment	2,115,597		1,464,820	$ 2,115,597	$ 1,464,820
General reserves to total loans collectively evaluated for impairment (as a percent)				0.70%	0.66%
Total gross loans	2,118,323		1,466,350	$ 2,118,323	$ 1,466,350	1,628,445
Total allowance to gross loans (as a percent)				0.71%	0.66%
Commercial and industrial
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		4,200		$ 4,200	$ 1,968
Charge-offs				(789)	(124)
Recoveries				24	21
Provisions for (reduction in) loan losses				1,867	1,036
Balance, at the end of the period	5,302		2,901	5,302	2,901
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	223		0	223	0	0
Amount of allowance attributed to: General portfolio allocation	5,079		2,901	5,079	2,901
Loans individually evaluated for impairment	1,684		24	$ 1,684	$ 24
Specific reserves to total loans individually evaluated for impairment (as a percent)				13.24228%	0.00%
Loans collectively evaluated for impairment	452,779		319,517	$ 452,779	$ 319,517
General reserves to total loans collectively evaluated for impairment (as a percent)				1.12%	0.91%
Total gross loans	454,463		319,541	$ 454,463	$ 319,541	428,207
Total allowance to gross loans (as a percent)				1.17%	0.91%
Commercial owner occupied
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		1,757		$ 1,757	$ 1,818
Charge-offs				0	0
Recoveries				0	0
Provisions for (reduction in) loan losses				339	(72)
Balance, at the end of the period	2,096		1,746	2,096	1,746
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		0	0	0	0
Amount of allowance attributed to: General portfolio allocation	2,096		1,746	2,096	1,746
Loans individually evaluated for impairment	370		417	$ 370	$ 417
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	0.00%
Loans collectively evaluated for impairment	382,167		216,367	$ 382,167	$ 216,367
General reserves to total loans collectively evaluated for impairment (as a percent)				0.55%	0.81%
Total gross loans	382,537		216,784	$ 382,537	$ 216,784	210,995
Total allowance to gross loans (as a percent)				0.55%	0.81%
SBA
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		568		$ 568	$ 151
Charge-offs				0	0
Recoveries				1	3
Provisions for (reduction in) loan losses				317	110
Balance, at the end of the period	886		264	886	264
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		0	0	0	0
Amount of allowance attributed to: General portfolio allocation	886		264	886	264
Loans individually evaluated for impairment	0		0	$ 0	$ 0
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	0.00%
Loans collectively evaluated for impairment	50,306		15,115	$ 50,306	$ 15,115
General reserves to total loans collectively evaluated for impairment (as a percent)				1.76%	1.75%
Total gross loans	50,306		15,115	$ 50,306	$ 15,115	28,404
Total allowance to gross loans (as a percent)				1.76%	1.75%
Warehouse facilities
Allowance for Loan Losses
Period considered for comparison of allowance for loan losses factor (in years)				10 years
Period considered for comparison of entity's allowance for loan losses factor (in years)				15 years
Trailing period considered for comparison of allowance for loan losses factor (in months)				12 months
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		546		$ 546	$ 392
Charge-offs				0	0
Recoveries				0	0
Provisions for (reduction in) loan losses				329	64
Balance, at the end of the period	875		456	875	456
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		0	0	0
Amount of allowance attributed to: General portfolio allocation	875		456	875	456
Loans individually evaluated for impairment	0		0	$ 0	$ 0
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	0.00%
Loans collectively evaluated for impairment	198,113		114,032	$ 198,113	$ 114,032
General reserves to total loans collectively evaluated for impairment (as a percent)				0.44%	0.40%
Total gross loans	198,113		114,032	$ 198,113	$ 114,032	113,798
Total allowance to gross loans (as a percent)				0.44%	0.40%
Commercial non-owner occupied
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		2,007		$ 2,007	$ 1,658
Charge-offs				0	(365)
Recoveries				0	0
Provisions for (reduction in) loan losses				(44)	698
Balance, at the end of the period	1,963		1,991	1,963	1,991
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		0	0	0	0
Amount of allowance attributed to: General portfolio allocation	1,963		1,991	1,963	1,991
Loans individually evaluated for impairment	443		514	$ 443	$ 514
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	0.00%
Loans collectively evaluated for impairment	402,343		359,774	$ 402,343	$ 359,774
General reserves to total loans collectively evaluated for impairment (as a percent)				0.49%	0.55%
Total gross loans	402,786		360,288	$ 402,786	$ 360,288	359,213
Total allowance to gross loans (as a percent)				0.49%	0.55%
Multi-family
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		1,060		$ 1,060	$ 817
Charge-offs				0	0
Recoveries				0	0
Provisions for (reduction in) loan losses				472	120
Balance, at the end of the period	1,532		937	1,532	937
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		0	0	0
Amount of allowance attributed to: General portfolio allocation	1,532		937	1,532	937
Loans individually evaluated for impairment	0		0	$ 0	$ 0
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	0.00%
Loans collectively evaluated for impairment	400,237		251,512	$ 400,237	$ 251,512
General reserves to total loans collectively evaluated for impairment (as a percent)				0.38%	0.37%
Total gross loans	400,237		251,512	$ 400,237	$ 251,512	262,965
Total allowance to gross loans (as a percent)				0.38%	0.37%
One-to-four family
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		842		$ 842	$ 1,099
Charge-offs				0	(12)
Recoveries				0	30
Provisions for (reduction in) loan losses				(189)	(299)
Balance, at the end of the period	653		818	653	818
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		104	0	104	0
Amount of allowance attributed to: General portfolio allocation	653		714	653	714
Loans individually evaluated for impairment	206		575	$ 206	$ 575
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	18.09%
Loans collectively evaluated for impairment	84,077		131,445	$ 84,077	$ 131,445
General reserves to total loans collectively evaluated for impairment (as a percent)				0.78%	0.54%
Total gross loans	84,283		132,020	$ 84,283	$ 132,020	122,795
Total allowance to gross loans (as a percent)				0.77%	0.62%
Construction
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		1,088		$ 1,088	$ 136
Charge-offs				0	0
Recoveries				0	0
Provisions for (reduction in) loan losses				314	391
Balance, at the end of the period	1,402		527	1,402	527
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		0	0	0
Amount of allowance attributed to: General portfolio allocation	1,402		527	1,402	527
Loans individually evaluated for impairment	0		0	$ 0	$ 0
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	0.00%
Loans collectively evaluated for impairment	124,448		47,034	$ 124,448	$ 47,034
General reserves to total loans collectively evaluated for impairment (as a percent)				1.13%	1.12%
Total gross loans	124,448		47,034	$ 124,448	$ 47,034	89,682
Total allowance to gross loans (as a percent)				1.13%	1.12%
Land
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		108		$ 108	$ 127
Charge-offs				0	0
Recoveries				0	0
Provisions for (reduction in) loan losses				254	(60)
Balance, at the end of the period	362		67	362	67
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		0	0	0
Amount of allowance attributed to: General portfolio allocation	362		67	362	67
Loans individually evaluated for impairment	23		0	$ 23	$ 0
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	0.00%
Loans collectively evaluated for impairment	16,316		6,271	$ 16,316	$ 6,271
General reserves to total loans collectively evaluated for impairment (as a percent)				2.22%	1.07%
Total gross loans	16,339		6,271	$ 16,339	$ 6,271	9,088
Total allowance to gross loans (as a percent)				2.22%	1.07%
Other loans
Allocation of allowance as well as the activity in allowance
Balance, at the beginning of the period		$ 24		$ 24	$ 34
Charge-offs				0	0
Recoveries				1	1
Provisions for (reduction in) loan losses				4	(9)
Balance, at the end of the period	29		26	29	26
Other disclosures
Amount of allowance attributed to: Specifically evaluated impaired loans	0		0	0	0
Amount of allowance attributed to: General portfolio allocation	29		26	29	26
Loans individually evaluated for impairment	0		0	$ 0	$ 0
Specific reserves to total loans individually evaluated for impairment (as a percent)				0.00%	0.00%
Loans collectively evaluated for impairment	4,811		3,753	$ 4,811	$ 3,753
General reserves to total loans collectively evaluated for impairment (as a percent)				0.60%	0.69%
Total gross loans	$ 4,811		$ 3,753	$ 4,811	$ 3,753	$ 3,298
Total allowance to gross loans (as a percent)				0.60%	0.69%
Owner Occupied Commercial Real Estate Loans, Commercial and Industrial Loans and SBA Loans
Allowance for Loan Losses
Annualized trailing period two considered for determination of allowance for loan losses factor (in months)				72 months
Annualized trailing period three considered for determination of allowance for loan losses factor (in months)				36 months
Annualized trailing period four considered for determination of allowance for loan losses factor (in months)				24 months
Annualized trailing period five considered for determination of allowance for loan losses factor (in months)				12 months
Annualized trailing period six considered for determination of allowance for loan losses factor (in months)				6 months
Period considered for comparison of allowance for loan losses factor (in years)				10 years
Period considered for comparison of entity's allowance for loan losses factor (in years)				15 years
Trailing period considered for comparison of allowance for loan losses factor (in months)				12 months
Multi-Family and Non-Owner Occupied Commercial Real Estate Loans
Allowance for Loan Losses
Annualized trailing period one considered for determination of allowance for loan losses factor (in months)				84 months
Annualized trailing period two considered for determination of allowance for loan losses factor (in months)				72 months
Annualized trailing period three considered for determination of allowance for loan losses factor (in months)				36 months
Annualized trailing period four considered for determination of allowance for loan losses factor (in months)				24 months
Annualized trailing period five considered for determination of allowance for loan losses factor (in months)				12 months
Annualized trailing period six considered for determination of allowance for loan losses factor (in months)				6 months
Period considered for comparison of allowance for loan losses factor (in years)				10 years
Period considered for comparison of entity's allowance for loan losses factor (in years)				15 years
Trailing period considered for comparison of allowance for loan losses factor (in months)				12 months
One-to-Four Family and Consumer Loans
Allowance for Loan Losses
Annualized trailing period two considered for determination of allowance for loan losses factor (in months)				72 months
Annualized trailing period three considered for determination of allowance for loan losses factor (in months)				36 months
Annualized trailing period four considered for determination of allowance for loan losses factor (in months)				24 months
Annualized trailing period five considered for determination of allowance for loan losses factor (in months)				12 months
Annualized trailing period six considered for determination of allowance for loan losses factor (in months)				6 months
Period considered for comparison of allowance for loan losses factor (in years)				10 years
Period considered for comparison of entity's allowance for loan losses factor (in years)				15 years
Trailing period considered for comparison of allowance for loan losses factor (in months)				12 months

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($)	1 Months Ended		6 Months Ended
	Aug. 31, 2014	Mar. 31, 2004	Jun. 30, 2015
PPBI Trust I
Subordinated Debentures
Floating Rate Trust Preferred Securities issue amount		$ 10,000,000
Notes
Subordinated Debentures
Debt issued	$ 60,000,000
Contribution of net proceeds from the Private Placement to the Bank to support general corporate purposes	$ 50,000,000
Fixed interest rate (as a percent)	5.75%
Subordinated Debentures
Subordinated Debentures
Floating interest rate, base rate			three-month LIBOR
Floating interest rate, basis points added to base rate (as a percent)			2.75%
Effective rate (as a percent)			2.98%
Subordinated Debentures | PPBI Trust I
Subordinated Debentures
Debt issued		$ 10,300,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Stock options excluded (in shares)	780,659	814,369	503,676	800,806	593,387
Net Income
Net income	$ 7,825	$ 1,789	$ 4,643	$ 9,613	$ 7,275
Basic income available to common stockholders	7,825	1,789	4,643	9,613	7,275
Diluted income available to common stockholders plus assumed conversions	$ 7,825	$ 1,789	$ 4,643	$ 9,613	$ 7,275
Shares
Basic income available to common stockholders (in shares)	21,493,641	20,091,924	17,124,337	20,796,655	17,083,194
Effect of dilutive stock options and warrants (in shares)	335,235	290,908	352,053	329,887	339,734
Diluted income available to common stockholders plus assumed conversions (in shares)	21,828,876	20,382,832	17,476,390	21,126,542	17,422,928
Per Share Amount
Basic income available to common stockholders (in dollars per share)	$ 0.36	$ 0.09	$ 0.28	$ 0.46	$ 0.43
Diluted income available to common stockholders plus assumed conversions (in dollars per share)	$ 0.36	$ 0.09	$ 0.27	$ 0.46	$ 0.42

Fair Value of Financial Instr48

Fair Value of Financial Instruments Fair Value Estimates (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Fair Value Disclosures [Abstract]
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	$ 280,434	$ 235,116	$ 201,638
Accrued interest receivable	9,072	6,645	7,131
Other real estate owned	711	752	1,037
Off-balance sheet commitments and standby letters of credit
Notional Amount	380,783	293,228	355,024
Cost to Cede or Assume	38,078	29,323	35,502
Level 1
Assets:
Cash and cash equivalents	83,077	120,292	110,925
Securities available for sale	0	0	0
FHLB, Federal Reserve Bank, and other stock, at cost	22,843	18,494	17,067
Loans held for investment, net	0	0	0
Accrued interest receivable	9,072	6,645	7,131
Other real estate owned	0	0	0
Liabilities:
Deposit accounts	1,575,404	1,102,419	1,216,847
FHLB advances	118,208	210,000	70,025
Other borrowings	0	0	0
Subordinated debentures	0	0	0
Accrued interest payable	212	177	209
Off-balance sheet commitments and standby letters of credit
Notional Amount			0
Cost to Cede or Assume	0	0
Level 2
Assets:
Cash and cash equivalents	0	0	0
Securities available for sale	280,434	235,116	201,638
FHLB, Federal Reserve Bank, and other stock, at cost	0	0	0
Loans held for investment, net	0	0	0
Accrued interest receivable	0	0	0
Other real estate owned	0	0	0
Liabilities:
Deposit accounts	522,157	371,132	519,898
FHLB advances	0	0	0
Other borrowings	48,936	47,538	48,312
Subordinated debentures	68,675	4,592	33,456
Accrued interest payable	0	0	0
Off-balance sheet commitments and standby letters of credit
Notional Amount			35,502
Cost to Cede or Assume	38,078	29,323
Level 3
Assets:
Cash and cash equivalents	0	0	0
Securities available for sale	0	0	0
FHLB, Federal Reserve Bank, and other stock, at cost	0	0	0
Loans held for investment, net	2,150,673	1,461,796	1,686,046
Accrued interest receivable	0	0	0
Other real estate owned	711	752	1,037
Liabilities:
Deposit accounts	0	0	0
FHLB advances	0	0	0
Other borrowings	0	0	0
Subordinated debentures	0	0	0
Accrued interest payable	0	0	0
Off-balance sheet commitments and standby letters of credit
Notional Amount			0
Cost to Cede or Assume	0	0
Recurring basis
Assets:
Securities available for sale	280,434	235,116
Recurring basis | Level 1
Assets:
Securities available for sale	0	0
Recurring basis | Level 2
Assets:
Securities available for sale	280,434	235,116
Recurring basis | Level 3
Assets:
Securities available for sale	0	0
Carrying Amount
Assets:
Cash and cash equivalents	83,077	120,292	110,925
Securities available for sale	280,434	235,116	201,638
FHLB, Federal Reserve Bank, and other stock, at cost	22,843	18,494	17,067
Loans held for investment, net	2,103,460	1,457,035	1,616,422
Accrued interest receivable	9,072	6,645	7,131
Other real estate owned	711	752	1,037
Liabilities:
Deposit accounts	2,095,983	1,445,581	1,630,826
FHLB advances	118,000	210,000	70,000
Other borrowings	49,389	45,287	46,643
Subordinated debentures	70,310	10,310	70,310
Accrued interest payable	212	177	209
Estimated Fair Value
Assets:
Cash and cash equivalents	83,077	120,292	110,925
Securities available for sale	280,434	235,116	201,638
FHLB, Federal Reserve Bank, and other stock, at cost	22,843	18,494	17,067
Loans held for investment, net	2,150,673	1,461,796	1,686,046
Accrued interest receivable	9,072	6,645	7,131
Other real estate owned	711	752	1,037
Liabilities:
Deposit accounts	2,097,561	1,473,551	1,736,745
FHLB advances	118,208	210,000	70,025
Other borrowings	48,936	47,538	48,312
Subordinated debentures	68,675	4,592	33,456
Accrued interest payable	$ 212	$ 177	$ 209

Fair Value of Financial Instr49

Fair Value of Financial Instruments Hierarchy Table - Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Investment securities available for sale:
Total securities available for sale	$ 280,434	$ 201,638	$ 235,116
Level 1
Investment securities available for sale:
Total securities available for sale	0	0	0
Level 2
Investment securities available for sale:
Total securities available for sale	280,434	201,638	235,116
Level 3
Investment securities available for sale:
Total securities available for sale	0	$ 0	0
Recurring basis
Investment securities available for sale:
Total securities available for sale	280,434		235,116
Recurring basis | Municipal bonds
Investment securities available for sale:
Total securities available for sale	120,431		85,433
Recurring basis | Mortgage-backed securities
Investment securities available for sale:
Total securities available for sale	160,003		149,683
Recurring basis | Level 1
Investment securities available for sale:
Total securities available for sale	0		0
Recurring basis | Level 1 | Municipal bonds
Investment securities available for sale:
Total securities available for sale	0		0
Recurring basis | Level 1 | Mortgage-backed securities
Investment securities available for sale:
Total securities available for sale	0		0
Recurring basis | Level 2
Investment securities available for sale:
Total securities available for sale	280,434		235,116
Recurring basis | Level 2 | Municipal bonds
Investment securities available for sale:
Total securities available for sale	120,431		85,433
Recurring basis | Level 2 | Mortgage-backed securities
Investment securities available for sale:
Total securities available for sale	160,003		149,683
Recurring basis | Level 3
Investment securities available for sale:
Total securities available for sale	0		0
Recurring basis | Level 3 | Municipal bonds
Investment securities available for sale:
Total securities available for sale	0		0
Recurring basis | Level 3 | Mortgage-backed securities
Investment securities available for sale:
Total securities available for sale	$ 0		$ 0

Hierarchy Table - Nonrecurring

Hierarchy Table - Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Fair Value Disclosures
Other real estate owned	$ 711	$ 1,037	$ 752
Level 1
Fair Value Disclosures
Other real estate owned	0	0	0
Level 2
Fair Value Disclosures
Other real estate owned	0	0	0
Level 3
Fair Value Disclosures
Other real estate owned	711	$ 1,037	752
Non-recurring basis
Fair Value Disclosures
Collateral dependent impaired loans	2,548		1,003
Other real estate owned	711		752
Total assets	3,259		1,755
Non-recurring basis | Level 1
Fair Value Disclosures
Collateral dependent impaired loans	0		0
Other real estate owned	0		0
Total assets	0		0
Non-recurring basis | Level 2
Fair Value Disclosures
Collateral dependent impaired loans	0		0
Other real estate owned	0		0
Total assets	0		0
Non-recurring basis | Level 3
Fair Value Disclosures
Collateral dependent impaired loans	2,548		1,003
Other real estate owned	711		752
Total assets	$ 3,259		$ 1,755

Fair Value of Financial Instr51

Fair Value of Financial Instruments Quantitative Data (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Quantitative information about level 3 of fair value measurements for financial instruments
Other real estate owned	$ 711	$ 752	$ 1,037
Level 3
Quantitative information about level 3 of fair value measurements for financial instruments
Other real estate owned	711	752	$ 1,037
Non-recurring basis
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	2,548	1,003
Other real estate owned	711	752
Non-recurring basis | Level 3
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	2,548	1,003
Other real estate owned	711	752
Non-recurring basis | Level 3 | Commercial and industrial
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	$ 1,684	$ 24
Non-recurring basis | Level 3 | Commercial and industrial | Minimum
Unobservable Inputs
Unobservable Inputs (as a percent)	0.00%	0.00%
Non-recurring basis | Level 3 | Commercial and industrial | Maximum
Unobservable Inputs
Unobservable Inputs (as a percent)	10.00%	10.00%
Non-recurring basis | Level 3 | Commercial and industrial | Collateral analysis
Unobservable Inputs
Rate (as a percent)	6.70%
Maturity (years)	8 years
Non-recurring basis | Level 3 | Commercial and industrial | Collateral analysis | Minimum
Unobservable Inputs
Rate (as a percent)		6.00%
Maturity (years)		3 years
Non-recurring basis | Level 3 | Commercial owner occupied
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	$ 370	$ 417
Unobservable Inputs
Rate (as a percent)		11.75%
Maturity (years)		8 years
Non-recurring basis | Level 3 | Commercial owner occupied | Minimum
Unobservable Inputs
Unobservable Inputs (as a percent)	0.00%	0.00%
Non-recurring basis | Level 3 | Commercial owner occupied | Maximum
Unobservable Inputs
Unobservable Inputs (as a percent)	10.00%	10.00%
Non-recurring basis | Level 3 | Commercial owner occupied | Collateral analysis
Unobservable Inputs
Rate (as a percent)	6.75%
Maturity (years)	7 years
Non-recurring basis | Level 3 | Commercial non-owner occupied
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	$ 443	$ 514
Unobservable Inputs
Rate (as a percent)		7.00%
Maturity (years)		13 years
Non-recurring basis | Level 3 | Commercial non-owner occupied | Minimum
Unobservable Inputs
Unobservable Inputs (as a percent)	0.00%	0.00%
Non-recurring basis | Level 3 | Commercial non-owner occupied | Maximum
Unobservable Inputs
Unobservable Inputs (as a percent)	15.00%	15.00%
Non-recurring basis | Level 3 | Commercial non-owner occupied | Collateral analysis
Unobservable Inputs
Rate (as a percent)	7.00%
Maturity (years)	12 years
Non-recurring basis | Level 3 | Land
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	$ 23
Other real estate owned	$ 711	$ 752
Non-recurring basis | Level 3 | Land | Minimum
Unobservable Inputs
Unobservable Inputs (as a percent)	0.00%
Non-recurring basis | Level 3 | Land | Maximum
Unobservable Inputs
Unobservable Inputs (as a percent)	10.00%
Non-recurring basis | Level 3 | Land | Collateral analysis
Unobservable Inputs
Rate (as a percent)	13.00%
Maturity (years)	15 years
Non-recurring basis | Level 3 | One-to-four family
Quantitative information about level 3 of fair value measurements for financial instruments
Collateral dependent impaired loans	$ 28	$ 48
Other real estate owned	$ 0
Non-recurring basis | Level 3 | One-to-four family | Minimum
Unobservable Inputs
Rate (as a percent)	8.00%	2.26%
Maturity (years)	5 years	2 years
Unobservable Inputs (as a percent)	0.00%	0.00%
Non-recurring basis | Level 3 | One-to-four family | Maximum
Unobservable Inputs
Rate (as a percent)	15.00%	15.00%
Maturity (years)	16 years	22 years
Unobservable Inputs (as a percent)	10.00%	10.00%