East West Bancorp (EWBC) 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document and Entity Information
Entity Registrant Name	EAST WEST BANCORP INC
Entity Central Index Key	1,069,157
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	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		143,850,084
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents		$ 1,877,914	$ 1,039,885
Short-term investments		274,838	338,714
Securities purchased under resale agreements ("resale agreements")		1,100,000	1,225,000
Available-for-sale investment securities, at fair value		2,982,146	2,626,365
Loans held for sale		195,427	45,950
Loans held-for-investment (net of allowance for loan losses of $261,229 in 2015 and $261,679 in 2014)	[1]	21,697,435	21,468,270
Other real estate owned, net		25,792	32,111
Investment in Federal Home Loan Bank stock, at cost		18,155	31,239
Investment in Federal Reserve Bank stock, at cost		54,675	54,451
Investments in qualified affordable housing partnerships, net		176,566	178,962	[2]
Premises and equipment (net of accumulated depreciation of $92,797 in 2015 and $85,409 in 2014)		173,333	180,900
Goodwill		469,433	469,433
Other assets		1,018,358	1,052,312	[2]
TOTAL		30,064,072	28,743,592	[2]
Customer deposits:
Noninterest-bearing		7,705,335	7,381,030
Interest-bearing		17,822,885	16,627,744
Total deposits		25,528,220	24,008,774
Short-term borrowings		3,271
Federal Home Loan Bank advances		318,322	317,241
Securities sold under repurchase agreements ("repurchase agreements")		400,000	795,000
Long-term debt		215,964	225,848
Accrued expenses and other liabilities		593,347	540,618
Total liabilities		$ 27,059,124	$ 25,887,481
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 200,000,000 shares authorized; 164,182,103 and 163,772,218 shares issued in 2015 and 2014, respectively; 143,849,036 and 143,582,229 shares outstanding in 2015 and 2014, respectively.		$ 164	$ 164
Additional paid in capital		1,690,384	1,677,767
Retained earnings		1,744,955	1,604,141	[2]
Treasury stock, at cost-20,333,067 shares in 2015 and 20,189,989 shares in 2014		(435,985)	(430,198)
Accumulated other comprehensive income, net of tax		5,430	4,237
Total stockholders' equity		3,004,948	2,856,111	[2]
TOTAL		$ 30,064,072	$ 28,743,592	[2]
[1]	Loans net of ASC 310-30 discount.
[2]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Allowance for loan losses	$ 261,229	$ 261,679
Premises and equipment, accumulated depreciation	$ 92,797	$ 85,409
STOCKHOLDERS' EQUITY
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	164,182,103	163,772,218
Common stock, shares outstanding	143,849,036	143,582,229
Treasury stock, shares	20,333,067	20,189,989

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
INTEREST AND DIVIDEND INCOME
Loans receivable, including fees	$ 234,049	$ 269,484		$ 475,615	$ 531,055
Available-for-sale investment securities	9,484	12,490		19,668	24,766
Resale agreements	4,680	4,559		9,529	9,412
Investment in Federal Home Loan Bank and Federal Reserve Bank stock	2,306	1,555		3,542	3,426
Due from banks and short-term investments	4,926	6,354		10,352	11,956
Total interest and dividend income	255,445	294,442		518,706	580,615
INTEREST EXPENSE
Customer deposits	18,195	15,569		35,158	31,451
Short-term borrowings	18			18
Federal Home Loan Bank advances	1,049	1,015		2,082	2,060
Repurchase agreements	7,533	10,189		15,939	20,267
Long-term debt	1,158	1,219		2,300	2,421
Total interest expense	27,953	27,992		55,497	56,199
Net interest income before provision for loan losses	227,492	266,450		463,209	524,416
Provision for loan losses	3,494	8,000		8,481	14,933
Net interest income after provision for loan losses	223,998	258,450		454,728	509,483
NONINTEREST INCOME (LOSS)
Branch fees	9,791	9,519		19,175	18,965
Letters of credit fees and foreign exchange income	8,825	8,940		17,531	15,796
Ancillary loan fees	2,812	2,521		5,468	4,993
Wealth management fees	4,757	5,232		9,936	8,260
Derivative commission income	2,733	2,634		7,763	5,223
Changes in FDIC indemnification asset and receivable/payable	(6,668)	(57,558)		(15,090)	(111,192)
Net gains on sales of loans	5,280	6,793		14,831	12,989
Net gains on sales of available-for-sale investment securities	5,554	671		9,958	4,089
Other fees and other operating income	7,509	6,303		15,147	11,016
Total noninterest income (loss)	40,593	(14,945)		84,719	(29,861)
NONINTEREST EXPENSE
Compensation and employee benefits	62,860	55,081		127,113	114,358
Occupancy and equipment expense	15,185	16,534		30,628	32,385
Amortization of tax credit and other investments	2,997	5,490	[1]	9,296	6,982	[1]
Amortization of premiums on deposits acquired	2,337	2,624		4,728	5,124
Deposit insurance premiums and regulatory assessments	3,341	5,812		8,997	11,514
Loan related expense (income)	1,750	(1,098)		4,090	1,477
Other real estate owned (income) expense	(5,081)	783		(6,107)	2,117
Legal expense	4,134	9,104		11,004	12,903
Data processing	2,377	2,940		4,994	11,140
Consulting expense	2,182	2,328		4,613	3,377
Repurchase agreements extinguishment costs	6,625			6,625
Other operating expense	21,463	20,941		42,219	39,116
Total noninterest expense	120,170	120,539	[1]	248,200	240,493	[1]
INCOME BEFORE INCOME TAXES	144,421	122,966	[1]	291,247	239,129	[1]
INCOME TAX EXPENSE	45,673	38,661	[1]	92,472	80,653	[1]
NET INCOME	$ 98,748	$ 84,305	[1]	$ 198,775	$ 158,476	[1]
EARNINGS PER SHARE
BASIC (in dollars per share)	$ 0.69	$ 0.59	[1]	$ 1.38	$ 1.11	[1]
DILUTED (in dollars per share)	$ 0.68	$ 0.59	[1]	$ 1.38	$ 1.11	[1]
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
BASIC (in shares)	143,846	143,187		143,751	142,578
DILUTED (in shares)	144,480	143,689		144,408	143,158
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	$ 0.20	$ 0.18		$ 0.40	$ 0.36
[1]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 98,748	$ 84,305	[1]	$ 198,775	$ 158,476	[1]
Other comprehensive (loss) income, net of tax:
Net change in unrealized (losses) gains on available-for-sale investment securities	(8,135)	14,506		1,190	27,945
Net change in unrealized gains (losses) on other investments	10	(4)		3	(21)
Other comprehensive (loss) income	(8,125)	14,502		1,193	27,924
COMPREHENSIVE INCOME	$ 90,623	$ 98,807	[1]	$ 199,968	$ 186,400	[1]
[1]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Common Stock	Additional Paid In Capital Common Stock	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive (Loss) Income, Net of Tax	Total
BALANCE at Dec. 31, 2013	[1]	$ 163	$ 1,571,670	$ 1,362,278	$ (537,279)	$ (30,459)	$ 2,366,373
Increase (Decrease) in Stockholders' Equity
Net income	[1]			158,476			158,476
Other comprehensive income						27,924	27,924
Stock compensation costs			6,745				6,745
Tax benefit from stock compensation plans, net			3,787				3,787
Issuance of 409,885 and 390,195 shares of common stock pursuant to various stock compensation plans and agreements for the period ended June 30, 2015 and 2014, respectively			1,207				1,207
Cancellation of 12,959 shares of common stock due to forfeitures of issued restricted stock for the period ended June 30, 2014			241		(241)
143,078 and 202,070 shares of restricted stock surrendered due to employee tax liability for the period ended June 30, 2015 and 2014, respectively					(7,308)		(7,308)
Common stock dividends				(51,970)			(51,970)
Issuance of 5,583,093 shares pursuant to MetroCorp Bancshares, Inc. acquisition			73,044		117,786		190,830
Warrant acquired pursuant to MetroCorp Bancshares, Inc. acquisition			4,855				4,855
BALANCE at Jun. 30, 2014	[1]	163	1,661,549	1,468,784	(427,042)	(2,535)	2,700,919
BALANCE at Dec. 31, 2014	[1]	164	1,677,767	1,604,141	(430,198)	4,237	2,856,111
Increase (Decrease) in Stockholders' Equity
Net income				198,775			198,775
Other comprehensive income						1,193	1,193
Stock compensation costs			7,652				7,652
Tax benefit from stock compensation plans, net			3,196				3,196
Issuance of 409,885 and 390,195 shares of common stock pursuant to various stock compensation plans and agreements for the period ended June 30, 2015 and 2014, respectively			1,769				1,769
143,078 and 202,070 shares of restricted stock surrendered due to employee tax liability for the period ended June 30, 2015 and 2014, respectively					(5,787)		(5,787)
Common stock dividends				(57,961)			(57,961)
BALANCE at Jun. 30, 2015		$ 164	$ 1,690,384	$ 1,744,955	$ (435,985)	$ 5,430	$ 3,004,948
[1]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Issuance of shares of common stock pursuant to various stock compensation plans and agreements, shares	409,885	390,195
Cancellation of common stock due to forfeitures of issued restricted stock, shares		12,959
Restricted stock surrendered due to employee tax liability, shares	143,078	202,070
Issuance of shares pursuant to MetroCorp Bancshares, Inc. acquisition, shares		5,583,093

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	$ 198,775	$ 158,476	[1]
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,801	38,302	[1]
(Accretion) of discount and amortization of premiums, net	(29,504)	(113,327)
Changes in FDIC indemnification asset and receivable/payable	15,090	111,192
Stock compensation costs	7,652	6,745
Deferred tax expense	10,056	7
Tax benefit from stock compensation plans, net	(3,196)	(3,787)
Provision for loan losses	8,481	14,933
Net gains on sales of loans	(14,831)	(12,989)
Net gains on sales of available-for-sale investment securities	(9,958)	(4,089)
Net gains on sales of other real estate owned, premises and equipment and other assets	(9,041)	(3,863)
Originations and purchases of loans held for sale	(442)	(86,312)
Proceeds from sales and paydowns/payoffs in loans held for sale	1,863	109,241
Repurchase agreements extinguishment costs	6,625
Net (payments to) proceeds from FDIC shared-loss agreements	(1,331)	2,367
Net change in accrued interest receivable and other assets	76,621	(112,876)	[1]
Net change in accrued expenses and other liabilities	3,145	(55,872)
Other net operating activities	(1,346)	(633)
Total adjustments	90,685	(110,961)	[1]
Net cash provided by operating activities	289,460	47,515
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions, net of cash paid		138,465
Net (increase) decrease in:
Loans receivable	(1,350,101)	(1,581,763)
Short-term investments	63,876	(28,657)
Investments in qualified affordable housing partnerships, tax credit and other investments	(31,977)	(43,195)
Purchases of:
Resale agreements	(1,345,000)	(475,000)
Available-for-sale investment securities	(1,221,706)	(250,607)
Loans receivable	(2,514)	(1,817)
Proceeds from sale of:
Available-for-sale investment securities	473,062	351,842
Loans receivable	1,013,886	355,974
Other real estate owned	15,337	20,943
Paydowns and maturities of resale agreements	1,175,000	500,000
Repayments, maturities and redemptions of available-for-sale investment securities	396,809	207,746
Redemption of Federal Home Loan Bank stock	13,084	27,309
Surrender of life insurance policies	156	49,111
Other net investing activities	1,459	(11,384)
Net cash used in investing activities	(798,629)	(741,033)
Net increase (decrease) in:
Deposits	1,519,447	1,143,322
Short-term borrowings	3,271
Proceeds from:
Issuance of common stock pursuant to various stock plans and agreements	1,769	1,207
Payment for:
Repayment of Federal Home Loan Bank advances		(10,000)
Repayment of long-term debt	(10,000)	(20,310)
Extinguishment of repurchase agreements	(106,625)	(15,000)
Repurchase of vested shares due to employee tax liability	(5,787)	(7,308)
Cash dividends	(58,073)	(51,956)
Tax benefit from stock compensation plans, net	3,196	3,787
Net cash provided by financing activities	1,347,198	1,043,742
NET INCREASE IN CASH AND CASH EQUIVALENTS	838,029	350,224
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD	1,039,885	895,820
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	1,877,914	1,246,044
Cash paid during the period for:
Interest	55,036	56,357
Income tax payments, net of refunds	19,174	221,355
Noncash investing and financing activities:
Loans transferred to loans held for sale, net	1,149,830	605,726
Transfers to other real estate owned	4,629	38,048
Loans to facilitate sale of other real estate owned	$ 1,750
Issuance of stock related to acquisition		$ 190,830
[1]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2015
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1 — BASIS OF PRESENTATION The unaudited interim consolidated financial statements in this Form 10-Q include the accounts of East West Bancorp, Inc. (referred to herein on an unconsolidated basis as “East West” and on a consolidated basis as the “Company”) and its wholly-owned subsidiaries, East West Bank and subsidiaries (referred to herein as “East West Bank” or the “Bank”) and East West Insurance Services, Inc. Intercompany transactions and balances have been eliminated in consolidation. As of June 30, 2015 , East West has six wholly-owned subsidiaries that are statutory business trusts (the “Trusts”), one of which was the result of the acquisition of MetroCorp Bancshares, Inc. (“MetroCorp”) during the three months ended March 31, 2014 , as discussed in Note 3 to the Company’s consolidated financial statements. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, the Trusts are not consolidated into the Company. The unaudited interim consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), applicable guidelines prescribed by regulatory authorities, and general practices within the banking industry, reflect all adjustments that, in the opinion of management, are necessary for fair statement of the interim period financial statements. Certain prior year balances and notes have been reclassified to conform to current period presentation. The Company restated prior period financial statements to reflect the impact of the retrospective application of Accounting Standards Update (“ASU”) 2014-01, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects . See Note 10 to the Company’s consolidated financial statements for details. The current period’s results of operations are not necessarily indicative of results that may be expected for any other interim period or for the year as a whole. Events subsequent to the consolidated balance sheet date have been evaluated through the date the financial statements are issued for inclusion in the accompanying financial statements. 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 , as filed with the U.S. Securities and Exchange Commission on March 2, 2015 (the “ 2014 Form 10-K”).

CURRENT ACCOUNTING DEVELOPMENTS

CURRENT ACCOUNTING DEVELOPMENTS	6 Months Ended
	Jun. 30, 2015
CURRENT ACCOUNTING DEVELOPMENTS
CURRENT ACCOUNTING DEVELOPMENTS	NOTE 2 — CURRENT ACCOUNTING DEVELOPMENTS New Accounting Pronouncements Adopted In January 2014, the FASB issued ASU 2014-01, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects . ASU 2014-01 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, the Company amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the amortization expense in the income statement as a component of income tax expense. The Company adopted this guidance in the first quarter of 2015 with retrospective application to all periods presented. See Note 10 for details regarding this adoption. In January 2014, the FASB issued ASU 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure . ASU 2014-04 clarifies when an in substance repossession or foreclosure occurs that would require a transfer of mortgage loans collateralized by residential real estate properties to other real estate owned (“OREO”). The guidance also requires disclosure of the amount of foreclosed residential real estate property held by the creditor and the recorded investment in residential real estate mortgage loans that are in process of foreclosure. The Company adopted this guidance in the first quarter 2015 with prospective application. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements as this guidance was consistent with the Company’s prior practice. See Note 9 for details regarding this adoption. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The new guidance replaces existing revenue recognition guidance for contracts to provide goods or services to customers and amends existing guidance related to recognition of gains and losses on the sale of certain nonfinancial assets such as real estate. ASU 2014-09 establishes a principles-based approach to recognizing revenue that applies to all contracts other than those covered by other authoritative GAAP guidance. Quantitative and qualitative disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows are also required. ASU 2014-09 is effective for interim and annual periods beginning after December 15, 2017 and is applied on either a modified retrospective or full retrospective basis. Early adoption is not permitted. The Company is currently evaluating the impact on its consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis to improve targeted areas of the consolidation guidance and reduce the number of consolidation models. The Company may either apply the amendments retrospectively or use a modified retrospective approach. ASU 2015-02 is effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 simplifies the presentation of debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts. The Company should apply the new guidance retrospectively to all prior periods. ASU 2015-03 is effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted if the guidance is applied as of the beginning of the annual period of adoption. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement. ASU 2015-05 amends ASC 350-40 and requires the Company to determine whether a cloud computing arrangement contains a software license. If the arrangement contains a software license, the Company should account for the fees related to the software license element consistent with how the acquisition of other software licenses are accounted for under ASC 350-40. If the arrangement does not contain a software license, the Company should account for the arrangement as a service contract. The Company may either apply the new guidance prospectively to all arrangements entered into or materially modified after the effective date, or retrospectively. ASU 2015-05 is effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2015
BUSINESS COMBINATION
BUSINESS COMBINATION	NOTE 3 — BUSINESS COMBINATION There were no business combinations during the six months ended June 30, 2015 . On January 17, 2014 , the Company completed the acquisition of MetroCorp, parent of MetroBank, N.A. and Metro United Bank. The purchase consideration was satisfied with two thirds East West stock and one third cash. The fair value of the consideration transferred in the acquisition of MetroCorp was $291.4 million , which consisted of 5,583,093 shares of East West common stock fair valued at $190.8 million at the date of acquisition and $89.4 million in cash, $2.4 million of additional cash to MetroCorp stock option holders and a MetroCorp warrant, fair valued at $8.8 million , assumed by the Company. The assets acquired and liabilities assumed have been accounted for under the acquisition method of accounting. At the acquisition date, the Company recorded total fair value of assets and liabilities acquired of $1.70 billion and $1.41 billion , respectively. Goodwill from the acquisition represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired and is not deductible for tax purposes. The Company recorded $121.0 million of goodwill at the MetroCorp acquisition date. During the three months ended December 31, 2014, the Company recorded additional tax and bank owned life insurance adjustments of $10.3 million and $0.7 million , respectively, related to the MetroCorp acquisition, increasing goodwill to $132.0 million . Refer to Note 2 — Business Combination in Item 8 of the Company’s 2014 Form 10-K for additional details related to the MetroCorp acquisition.

FAIR VALUE MEASUREMENT AND FAIR

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2015
FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 4 — FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS In determining fair value, the Company uses various methods including market and income approaches. Based on these approaches, the Company utilizes certain assumptions that market participants would use in pricing the asset or liability. These inputs can be readily observable, market corroborated, or generally unobservable. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The hierarchy is based on the quality and reliability of the information used to determine fair values. The hierarchy gives the highest priority to quoted prices available in active markets and the lowest priority to data lacking transparency. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: • Level 1 — Valuation is based on quoted prices for identical instruments traded in active markets. • Level 2 — Valuation is based on quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable and can be corroborated by market data. • Level 3 — Valuation is based on significant unobservable inputs for determining the fair value of assets or liabilities. These significant unobservable inputs reflect assumptions that market participants may use in pricing the assets or liabilities. In determining the appropriate hierarchy levels, the Company performs an analysis of the assets and liabilities that are subject to fair value disclosure. These assets and liabilities are reported on the consolidated balance sheets at their fair values as of June 30, 2015 and December 31, 2014 . Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to their fair value measurements. The following tables present both financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 : Assets (Liabilities) Measured at Fair Value on a Recurring Basis ($ in thousands) Fair Value Measurements June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available-for-sale investment securities: U.S. Treasury securities $ 1,200,111 $ 1,200,111 $ — $ — U.S. government agency and U.S. government sponsored enterprise debt securities 424,863 — 424,863 — U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 187,388 — 187,388 — Residential mortgage-backed securities 688,712 — 688,712 — Municipal securities 206,422 — 206,422 — Other residential mortgage-backed securities: Investment grade 61,908 — 61,908 — Corporate debt securities: Investment grade 156,978 — 156,978 — Non-investment grade 10,025 — 10,025 — Other securities 45,739 35,534 10,205 — Total available-for-sale investment securities $ 2,982,146 $ 1,235,645 $ 1,746,501 $ — Derivative assets: Interest rate swaps and caps $ 44,424 $ — $ 44,424 $ — Foreign exchange contracts $ 11,044 $ — $ 11,044 $ — Derivative liabilities: Interest rate swaps on certificates of deposit $ (8,177 ) $ — $ (8,177 ) $ — Interest rate swaps and caps $ (43,810 ) $ — $ (43,810 ) $ — Foreign exchange contracts $ (10,186 ) $ — $ (10,186 ) $ — Assets (Liabilities) Measured at Fair Value on a Recurring Basis ($ in thousands) Fair Value Measurements December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available-for-sale investment securities: U.S. Treasury securities $ 873,435 $ 873,435 $ — $ — U.S. government agency and U.S. government sponsored enterprise debt securities 311,024 — 311,024 — U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 141,420 — 141,420 — Residential mortgage-backed securities 791,088 — 791,088 — Municipal securities 250,448 — 250,448 — Other residential mortgage-backed securities: Investment grade 53,918 — 53,918 — Other commercial mortgage-backed securities: Investment grade 34,053 — 34,053 — Corporate debt securities: Investment grade 115,182 — 115,182 — Non-investment grade 14,681 — 8,153 6,528 Other securities 41,116 32,105 9,011 — Total available-for-sale investment securities $ 2,626,365 $ 905,540 $ 1,714,297 $ 6,528 Derivative assets: Foreign exchange options $ 6,136 $ — $ 6,136 $ — Interest rate swaps and caps $ 41,534 $ — $ 41,534 $ — Foreign exchange contracts $ 8,118 $ — $ 8,118 $ — Derivative liabilities: Interest rate swaps on certificates of deposit $ (9,922 ) $ — $ (9,922 ) $ — Interest rate swaps and caps $ (41,779 ) $ — $ (41,779 ) $ — Foreign exchange contracts $ (9,163 ) $ — $ (9,163 ) $ — Embedded derivative liabilities $ (3,392 ) $ — $ — $ (3,392 ) At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs are classified as Level 3. The following tables present a reconciliation of the beginning and ending balances for major asset and liability categories measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2015 and 2014 : Three Months Ended June 30, 2015 2014 ($ in thousands) Corporate Debt Securities: Non-Investment Grade Embedded Derivative Liabilities Corporate Debt Securities: Non-Investment Grade Embedded Derivative Liabilities Beginning balance, April 1 $ — $ (3,412 ) $ 6,717 $ (3,398 ) Total gains for the period: Included in earnings (1) — — — 36 Included in other comprehensive income (unrealized) (2) — — 1,209 — Purchases, issues, sales, settlements: Purchases — — — — Issues — — — — Sales — — — — Settlements — 3,412 (9 ) — Transfer from investment grade to non-investment grade — — — — Transfers in and/or out of Level 3 — — — — Ending balance, June 30 $ — $ — $ 7,917 $ (3,362 ) Changes in unrealized gains included in earnings relating to assets and liabilities held at the end of June 30 $ — $ — $ — $ (36 ) Six Months Ended June 30, 2015 2014 ($ in thousands) Corporate Debt Securities: Non-Investment Grade Embedded Derivative Liabilities Corporate Debt Securities: Non-Investment Grade Embedded Derivative Liabilities Beginning balance, January 1 $ 6,528 $ (3,392 ) $ 6,371 $ (3,655 ) Total gains or (losses) for the period: Included in earnings (1) 960 (20 ) 293 Included in other comprehensive income (unrealized) (2) 922 — 1,643 — Purchases, issues, sales, settlements: Purchases — — — — Issues — — — — Sales (7,219 ) — — — Settlements (98 ) 3,412 (97 ) — Transfer from investment grade to non-investment grade — — — — Transfers in and/or out of Level 3 (1,093 ) — — — Ending balance, June 30 $ — $ — $ 7,917 $ (3,362 ) Changes in unrealized gains included in earnings relating to assets and liabilities held at the end of June 30 $ — $ — $ — $ (293 ) (1) Realized gains or losses of corporate debt securities and embedded derivative liabilities are included in net gains on sales of investment securities and other operating expense, respectively, in the consolidated statements of income. (2) Unrealized gains or losses on available-for-sale investment securities are reported in other comprehensive income, net of tax, in the consolidated statements of comprehensive income. Transfers into or out of fair value hierarchy classifications are made if the significant inputs used in the financial models measuring the fair values of the assets and liabilities became unobservable or observable in the current marketplace. The Company’s policy, with respect to transfers between levels of the fair value hierarchy, is to recognize transfers into and out of each level as of the end of the reporting period. There were no transfers of assets measured on a recurring basis in and out of Level 1, Level 2 or Level 3 during the three months ended June 30, 2015 and 2014 . During the six months ended June 30, 2015 , the Company transferred $1.1 million of assets measured on a recurring basis out of Level 3 into Level 2 due to increased market liquidity and price observability on certain pooled trust preferred securities. There were no transfers of assets measured on a recurring basis in and out of Level 1, Level 2 or Level 3 during the six months ended June 30, 2014 . The following table presents quantitative information about significant unobservable inputs used in the valuation of assets and liabilities measured on a recurring basis classified as Level 3 as of December 31, 2014 : ($ in thousands) Fair Value Measurements (Level 3) Valuation Technique(s) Unobservable Input(s) Range of Inputs Weighted Average December 31, 2014 Available-for-sale investment securities: Corporate debt securities: Non-investment grade $ 6,528 Discounted cash flow Constant prepayment rate 0.00% - 1.00% 0.73% Constant default rate 0.75% - 1.20% 0.87% Loss severity 85.00% 85.00% Discount margin 4.50% - 7.50% 6.94% Embedded derivative liabilities $ (3,392 ) Discounted cash flow Credit risk 0.12% - 0.14% 0.13% Assets measured at fair value on a nonrecurring basis include certain non-purchased credit impaired (“non-PCI”) loans, OREO, and loans held for sale. These fair value adjustments result from impairments recognized during the period on certain non-PCI loans, application of fair value less cost to sell on OREO and application of lower of cost or market (“LOCOM”) valuation on loans held for sale. The following tables present the carrying amounts of all assets that were still held as of June 30, 2015 and December 31, 2014 for which a nonrecurring fair value measurement was recorded: Assets Measured at Fair Value on a Nonrecurring Basis ($ in thousands) Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Non-PCI impaired loans: Commercial Real Estate (“CRE”) $ 14,641 $ — $ — $ 14,641 Commercial and Industrial (“C&I”) 43,138 — — 43,138 Residential 15,104 — — 15,104 Consumer 608 — — 608 Total non-PCI impaired loans $ 73,491 $ — $ — $ 73,491 OREO $ 3,848 $ — $ — $ 3,848 Loans held for sale $ 33,719 $ — $ 33,719 $ — Assets Measured at Fair Value on a Nonrecurring Basis ($ in thousands) Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Non-PCI impaired loans: CRE $ 26,089 $ — $ — $ 26,089 C&I 16,581 — — 16,581 Residential 25,034 — — 25,034 Consumer 107 — — 107 Total non-PCI impaired loans $ 67,811 $ — $ — $ 67,811 OREO $ 17,521 $ — $ — $ 17,521 The following table presents fair value adjustments of certain assets measured on a nonrecurring basis recognized during the three and six months ended and still held as of June 30, 2015 and 2014 : Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2015 2014 2015 2014 Non-PCI impaired loans: CRE $ (445 ) $ 1,865 $ (905 ) $ 1,376 C&I (6,454 ) (9,642 ) (9,303 ) (11,705 ) Residential (216 ) 413 (341 ) 27 Consumer (1 ) — (1 ) — Total non-PCI impaired loans $ (7,116 ) $ (7,364 ) $ (10,550 ) $ (10,302 ) OREO $ (200 ) $ (69 ) $ (258 ) $ (595 ) Loans held for sale $ (517 ) $ — $ (517 ) $ — The following table presents quantitative information about significant unobservable inputs used in the valuation of assets measured on a nonrecurring basis classified as Level 3 as of June 30, 2015 and December 31, 2014 : ($ in thousands) Fair Value Measurements (Level 3) Valuation Technique(s) Unobservable Input(s) Range of Inputs Weighted Average June 30, 2015 Non-PCI impaired loans $ 34,095 Discounted cash flow Discount rate 0% - 89% 33% $ 39,396 Market comparables Discount rate (1) 0% - 100% 17% OREO $ 3,848 Appraisal Selling cost 8% 8% December 31, 2014 Non-PCI impaired loans $ 11,499 Discounted cash flow Discount rate 0% - 81% 49% $ 56,312 Market comparables Discount rate (1) 0% - 100% 4% OREO $ 17,521 Appraisal Selling cost 8% 8% (1) Discount rate is adjusted for factors such as liquidation cost of collateral and selling costs. The following tables present the carrying and fair values per the fair value hierarchy of certain financial instruments, excluding those measured at fair value on a recurring basis, as of June 30, 2015 and December 31, 2014 : June 30, 2015 ($ in thousands) Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Financial Assets: Cash and cash equivalents $ 1,877,914 $ 1,877,914 $ — $ — $ 1,877,914 Short-term investments $ 274,838 $ — $ 274,838 $ — $ 274,838 Securities purchased under resale agreements (“resale agreements”) $ 1,100,000 $ — $ 1,091,775 $ — $ 1,091,775 Loans held for sale $ 195,427 $ — $ 197,813 $ — $ 197,813 Loans receivable, net $ 21,697,435 $ — $ — $ 21,460,209 $ 21,460,209 Investment in Federal Home Loan Bank (“FHLB”) stock $ 18,155 $ — $ 18,155 $ — $ 18,155 Investment in Federal Reserve Bank stock $ 54,675 $ — $ 54,675 $ — $ 54,675 Accrued interest receivable $ 81,575 $ — $ 81,575 $ — $ 81,575 Financial Liabilities: Customer deposit accounts: Demand, savings and money market deposits $ 18,872,270 $ — $ 18,872,270 $ — $ 18,872,270 Time deposits $ 6,655,950 $ — $ 6,640,165 $ — $ 6,640,165 Short-term borrowings $ 3,271 $ — $ 3,271 $ — $ 3,271 FHLB advances $ 318,322 $ — $ 334,284 $ — $ 334,284 Securities sold under repurchase agreements (“repurchase agreements”) $ 400,000 $ — $ 388,498 $ — $ 388,498 Accrued interest payable $ 10,762 $ — $ 10,762 $ — $ 10,762 Long-term debt $ 215,964 $ — $ 193,157 $ — $ 193,157 December 31, 2014 ($ in thousands) Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Financial Assets: Cash and cash equivalents $ 1,039,885 $ 1,039,885 $ — $ — $ 1,039,885 Short-term investments $ 338,714 $ — $ 338,714 $ — $ 338,714 Resale agreements $ 1,225,000 $ — $ 1,191,060 $ — $ 1,191,060 Loans held for sale $ 45,950 $ — $ 45,950 $ — $ 45,950 Loans receivable, net $ 21,468,270 $ — $ — $ 20,997,379 $ 20,997,379 Investment in FHLB stock $ 31,239 $ — $ 31,239 $ — $ 31,239 Investment in Federal Reserve Bank stock $ 54,451 $ — $ 54,451 $ — $ 54,451 Accrued interest receivable $ 88,303 $ — $ 88,303 $ — $ 88,303 Financial Liabilities: Customer deposit accounts: Demand, savings and money market deposits $ 17,896,035 $ — $ 17,896,035 $ — $ 17,896,035 Time deposits $ 6,112,739 $ — $ 6,095,217 $ — $ 6,095,217 FHLB advances $ 317,241 $ — $ 336,302 $ — $ 336,302 Repurchase agreements $ 795,000 $ — $ 870,434 $ — $ 870,434 Accrued interest payable $ 11,303 $ — $ 11,303 $ — $ 11,303 Long-term debt $ 225,848 $ — $ 205,777 $ — $ 205,777 The following is a description of the valuation methodologies and significant assumptions used in estimating fair value of financial instruments : Cash and Cash Equivalents — The carrying amount approximates fair value due to the short-term nature of these instruments. Due to the short-term nature of these instruments, the estimated fair value is classified as Level 1. Short-Term Investments — The fair value of short-term investments generally approximates their book value due to their short maturities. Due to the observable nature of the inputs used in deriving the estimated fair value, these instruments are classified as Level 2. Resale Agreements — Resale agreements with original maturities of 90 days or less are included in cash and cash equivalents. The fair value of resale agreements with original maturities of more than 90 days is estimated by discounting the cash flows based on expected maturities or repricing dates utilizing estimated market discount rates. Due to the observable nature of the inputs used in deriving the estimated fair values, these instruments are classified as Level 2. Available-for-Sale Investment Securities — When available, the Company uses quoted market prices to determine the fair value of available-for-sale investment securities; such items are classified as Level 1. Level 1 available-for-sale investment securities mainly include U.S. Treasury securities. The fair values of other available-for-sale investment securities are generally determined by independent external pricing service providers who have experience in valuing these securities, or by average of quoted market prices obtained from independent external brokers. In obtaining such valuation information from third parties, the Company has reviewed the methodologies used to develop the resulting fair values. The available-for-sale investment securities valued using such methods are classified as Level 2. Loans Held for Sale — The Company’s loans held for sale are carried at the LOCOM . These loans are comprised of single-family and student loans. The fair value of loans held for sale is derived from current market prices and comparative current sales. As such, the Company records any fair value adjustments on a nonrecurring basis. Loans held for sale are classified as Level 2. Non-PCI Impaired Loans — The Company evaluates non-PCI impaired loans on a nonrecurring basis. The fair value of non-PCI impaired loans is measured using the market comparables technique. For CRE loans and C&I loans, the fair value is based on each loan’s observable market price or the fair value of the collateral less cost to sell, if the loan is collateral dependent. The fair value of collateral is based on third party appraisals or evaluations which are reviewed by the Company’s appraisal department. Updated appraisals and evaluations are generally obtained within the last 12 months. On a quarterly basis, all appraisals and evaluations of nonperforming assets are reviewed to assess the current carrying value and to ensure that the current carrying value is appropriate. For certain impaired loans, the Company utilizes the discounted cash flow approach and applies a discount rate derived from historical data. For impaired loans with an unpaid balance below a certain threshold, the Company applies historical loss rates to derive the fair value. The significant unobservable inputs used in the fair value measurement of non-PCI impaired loans are discount rates applied based on the liquidation cost of collateral and selling costs. Non-PCI impaired loans are classified as Level 3. Loans Receivable, Net — The fair value of loans is determined based on a discounted cash flow approach considered for an exit price value. The discount rate is derived from the associated yield curve plus spreads, and reflects the offering rates in the market for loans with similar financial characteristics. No adjustments have been made for changes in credit within any of the loan portfolios. It is management’s opinion that the allowance for loan losses pertaining to performing and nonperforming loans results in a fair value valuation of credit for such loans. Due to the unobservable nature of the inputs used in deriving the estimated fair values, these instruments are classified as Level 3. OREO — The Company’s OREO represents properties acquired through foreclosure or through full or partial satisfaction of loans receivable, which are recorded at estimated fair value less the cost to sell at the time of foreclosure and at the lower of cost or estimated fair value less the cost to sell subsequent to acquisition. The fair values of OREO properties are based on third party appraisals, broker price opinions or accepted written offers. Refer to the “Non-PCI Impaired Loans” section above for a detailed discussion on the Company’s policies and procedures related to appraisals and evaluations. The Company uses the market comparables valuation technique to measure the fair value of OREO properties. The significant unobservable input used is the selling cost. OREO properties are classified as Level 3. Investment in FHLB Stock and Federal Reserve Bank Stock — The carrying amounts of the Company’s investments in FHLB Stock and Federal Reserve Bank Stock approximate fair value. The valuation of these investments is classified as Level 2. Ownership of these securities is restricted to member banks and the securities do not have a readily determinable fair value. Purchases and sales of these securities are at par value. Accrued Interest Receivable — The carrying amount approximates fair value due to the short-term nature of these instruments. Due to the observable nature of the inputs used in deriving the estimated fair value, these instruments are classified as Level 2. Foreign Exchange Options — The Company entered into foreign exchange option contracts with major investment firms in 2010. The settlement amount is determined based upon the performance of the Chinese currency Renminbi (“RMB”) relative to the U.S. Dollar (“USD”) over the 5-year term of the contracts. The performance amount is computed based on the average quarterly value of the RMB compared to the USD as compared to the initial value. The fair value of these derivative contracts is provided by third parties and is determined based on the change in the RMB and the volatility of the option over the life of the agreement. The option value is derived based on the volatility of the option, interest rate, currency rate and time remaining to maturity. The Company’s consideration of the counterparty’s credit risk resulted in a nominal adjustment to the valuation of the foreign exchange options. Due to the observable nature of the inputs used in deriving the fair value of these derivative contracts, the valuation of the option contracts is classified as Level 2. Interest Rate Swaps and Caps — The Company enters into interest rate swap and cap contracts with institutional counterparties to hedge against interest rate swap and cap products offered to bank customers. These products allow borrowers to lock in attractive intermediate and long-term interest rates by entering into an interest rate swap or cap contract with the Company, resulting in the customer obtaining a synthetic fixed rate loan. The Company also enters into interest rate swap contracts with institutional counterparties to hedge against certificates of deposit issued. This product allows the Company to lock in attractive floating rate funding. The fair value of interest rate swap and cap contracts is based on a discounted cash flow approach. The counterparty’s credit risk is considered in the valuation of interest rate swaps and caps. Due to the observable nature of the inputs used in deriving the fair value of these derivative contracts, the valuation of interest rate swaps and caps is classified as Level 2. Foreign Exchange Contracts — The Company enters into short-term foreign exchange contracts to purchase/sell foreign currencies at set rates in the future. These contracts economically hedge against foreign exchange rate fluctuations. The Company also enters into contracts with institutional counterparties to hedge against foreign exchange products offered to bank customers. These products allow customers to hedge the foreign exchange risk of their deposits and loans denominated in foreign currencies. The Company assumes minimal foreign exchange rate risk as the contract with the customer and the institutional party mirror each other. The fair value is determined at each reporting period based on changes in the foreign exchange rate. The counterparties’ credit risks are considered nominal and resulted in no adjustments to the valuation of the foreign exchange contracts. The valuation of these contracts is classified as Level 2 due to the observable nature of the inputs used in deriving the fair value. Customer Deposits — The fair value of deposits with no stated maturity, such as demand deposits, interest checking, savings, and money market deposits, approximates the carrying amount as the amounts are payable on demand at the measurement date. Due to the observable nature of the inputs used in deriving the estimated fair value, these instruments are classified as Level 2. For time deposits, the fair value is based on the discounted value of contractual cash flows using current market rates for instruments with similar maturities. Due to the observable nature of the inputs used in deriving the estimated fair values, time deposits are classified as Level 2. Short-Term Borrowings — The fair value of short-term borrowings generally approximates their book value due to their short maturities. Due to the observable nature of the inputs used in deriving the estimated fair value, these instruments are classified as Level 2. FHLB Advances — The fair value of FHLB advances is estimated based on the discounted value of contractual cash flows, using rates currently offered by the FHLB of San Francisco for advances with similar remaining maturities at each reporting date. Due to the observable nature of the inputs used in deriving the estimated fair values, these instruments are classified as Level 2. Repurchase Agreements — As of June 30, 2015 and December 31, 2014 , all of the repurchase agreements were long-term in nature and the fair values of the repurchase agreements were calculated by discounting future cash flows based on expected maturities or repricing dates, utilizing estimated market discount rates and taking into consideration the call features of each instrument. Due to the observable nature of the inputs used in deriving the estimated fair values, these instruments are classified as Level 2. Accrued Interest Payable — The carrying amount approximates fair value due to the short-term nature of these instruments. Due to the observable nature of the inputs used in deriving the estimated fair value, these instruments are classified as Level 2. Long-Term Debt — The fair value of long-term debt is estimated by discounting the cash flows through maturity based on current market rates the Company would pay for new issuances. Due to the observable nature of the inputs used in deriving the estimated fair value, long-term debt is classified as Level 2. Embedded Derivative Liabilities — Under ASC 815, a certificate of deposit that pays interest based on changes in foreign exchange rates is a hybrid instrument with an embedded derivative that must be accounted for separately from the host contract (i.e., the certificate of deposit). The Company issues certain certificates of deposit that have a term of five years and pay interest based on the performance of the RMB relative to the USD. The fair value of these embedded derivatives was based on the discounted cash flow approach. The liabilities are divided between the portion under FDIC insurance coverage and the non-insured portion. For the FDIC insured portion, the Company applied a risk premium comparable to an agency security risk premium. For the non-insured portion, the Company considered its own credit risk in determining the valuation by applying a risk premium based on the Company’s institutional credit rating. Total credit valuation adjustments were considered nominal to the valuation of embedded derivative liabilities. Increases (decreases), if any, of those inputs in isolation would result in a lower (higher) fair value measurement. The valuation of the embedded derivative liabilities falls within Level 3 of the fair value hierarchy since the significant inputs used in deriving the fair value of these derivative contracts are not directly observable. The fair value estimates presented herein are based on pertinent information available to management as of each reporting date. Although the Company is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date, and therefore, current estimates of fair value may differ significantly from the amounts presented herein.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2015
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 5 — STOCK-BASED COMPENSATION Pursuant to the Company’s 1998 Stock Incentive Plan, as amended, the Company issues stock options and restricted stock awards to employees and outside directors. The Company did not issue any stock options during the three and six months ended June 30, 2015 and 2014. The restricted stock awards vest ratably in three years or cliff vest in three or five years of continued employment from the date of grant. Some of the restricted stock awards also include a Company financial performance requirement for vesting. The Company receives an income tax deduction in an amount equal to the taxable income reported by the holders of the restricted stock when the restrictions are released and the shares are issued. Restricted stock awards are forfeited if the employees terminate employment before the restrictions lapse or if the established financial goals are not achieved. The Company recognized the following stock compensation expense and related net tax benefit associated with its various employee share-based compensation plans: Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Compensation expense related to restricted stock awards $ 3,698 $ 3,565 $ 7,652 $ 6,745 Net tax benefit recognized in equity for stock compensation plans $ 51 $ 79 $ 3,196 $ 3,787 The following table presents a summary of the activity for the Company’s time-based and performance-based restricted stock awards as of June 30, 2015 , including changes during the six months ended June 30, 2015 : June 30, 2015 Restricted Stock Awards Time-Based Performance-Based Shares Weighted Average Price Shares Weighted Average Price Outstanding at beginning of period 751,020 $ 30.61 518,553 $ 29.64 Granted 430,078 40.07 149,284 39.95 Vested (213,625 ) 23.32 (144,445 ) 22.05 Forfeited (37,221 ) 36.14 — — Outstanding at end of period 930,252 $ 36.44 523,392 $ 35.64 As of June 30, 2015 , total unrecognized compensation cost related to time-based and performance-based restricted stock awards amounted to $27.3 million and $11.0 million , respectively. These costs are expected to be recognized over a weighted average period of 2.22 years and 2.09 years, respectively.

RESALE AND REPURCHASE AGREEMENT

RESALE AND REPURCHASE AGREEMENTS	6 Months Ended
	Jun. 30, 2015
RESALE AND REPURCHASE AGREEMENTS
RESALE AND REPURCHASE AGREEMENTS	NOTE 6 — RESALE AND REPURCHASE AGREEMENTS Resale Agreements Resale agreements are recorded at the balances at which the securities were acquired. The market values of the underlying securities collateralizing the related receivable of the resale agreements, including accrued interest, are monitored. Additional collateral may be requested by the Company from the counterparty when deemed appropriate. Gross resale agreements were $1.60 billion and $1.43 billion as of June 30, 2015 and December 31, 2014 , respectively. The weighted average interest rates were 1.39% and 1.55% as of June 30, 2015 and December 31, 2014 , respectively. Repurchase Agreements Long-term repurchase agreements are accounted for as collateralized financing transactions and recorded at the balances at which the securities were sold. The collaterals for these agreements are primarily comprised of U.S. government agency and U.S. government sponsored enterprise debt and mortgage-backed securities. The Company may have to provide additional collateral for the repurchase agreements, as necessary. Gross repurchase agreements were $895.0 million as of June 30, 2015 and $995.0 million as of December 31, 2014 . The weighted average interest rate was 3.57% as of June 30, 2015 and 3.70% as of December 31, 2014 . The Company recorded $6.6 million of extinguishment charges related to the extinguishment of $100.0 million of repurchase agreements during the three and six months ended June 30, 2015. There were no extinguishment charges recorded during the three and six months ended June 30, 2014. Balance Sheet Offsetting The Company’s resale and repurchase agreements are transacted under legally enforceable master repurchase agreements that give the Company, in the event of default by the counterparty, the right to liquidate securities held and to offset receivables and payables with the same counterparty. The Company nets resale and repurchase transactions with the same counterparty on the consolidated balance sheets when it has a legally enforceable master netting agreement and the transactions are eligible for netting under ASC 210-20-45. Collateral accepted includes securities that are not recognized on the consolidated balance sheets. Collateral pledged consists of securities that are not netted on the consolidated balance sheets against the related collateralized liability. Collateral accepted or pledged in resale and repurchase agreements with other financial institutions may also be sold or re-pledged by the secured party, but is usually delivered to and held by the third party trustees. The following tables present resale and repurchase agreements included on the consolidated balance sheets as of June 30, 2015 and December 31, 2014 : ($ in thousands) As of June 30, 2015 Gross Amounts Gross Amounts Net Amounts of Assets Presented on the Gross Amounts Not Offset on the Assets Financial Collateral Net Amount Resale agreements $ 1,595,000 $ (495,000 ) $ 1,100,000 $ — $ (1,093,636 ) (1) $ 6,364 Gross Amounts Gross Amounts Net Amounts of Liabilities Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Liabilities Financial Collateral Net Amount Repurchase agreements $ 895,000 $ (495,000 ) $ 400,000 $ — $ (400,000 ) (2) $ — ($ in thousands) As of December 31, 2014 Gross Amounts Gross Amounts Net Amounts of Assets Presented on the Gross Amounts Not Offset on the Assets Financial Collateral Net Amount Resale agreements $ 1,425,000 $ (200,000 ) $ 1,225,000 $ (425,000 ) (3) $ (797,172 ) (1) $ 2,828 Gross Amounts Gross Amounts Net Amounts of Liabilities Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Liabilities Financial Collateral Net Amount Repurchase agreements $ 995,000 $ (200,000 ) $ 795,000 $ (425,000 ) (3) $ (370,000 ) (2) $ — (1) Represents the fair value of securities the Company has received under resale agreements, limited for table presentation purposes to the amount of the recognized asset due from each counterparty. (2) Represents the fair value of securities the Company has pledged under repurchase agreements, limited for table presentation purposes to the amount of the recognized liability owed to each counterparty. (3) Includes financial instruments subject to enforceable master netting arrangements that are not permitted to be offset under ASC 210-20-45 but would be eligible for offsetting to the extent an event of default has occurred.

AVAILABLE-FOR-SALE INVESTMENT S

AVAILABLE-FOR-SALE INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2015
AVAILABLE-FOR-SALE INVESTMENT SECURITIES
AVAILABLE-FOR-SALE INVESTMENT SECURITIES	NOTE 7 — AVAILABLE-FOR-SALE INVESTMENT SECURITIES The following tables present the amortized cost, gross unrealized gains, gross unrealized losses and fair value by major categories of available-for-sale investment securities: ($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2015 Available-for-sale investment securities: U.S. Treasury securities $ 1,194,790 $ 5,493 $ (172 ) $ 1,200,111 U.S. government agency and U.S. government sponsored enterprise debt securities 425,495 584 (1,216 ) 424,863 U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 187,831 502 (945 ) 187,388 Residential mortgage-backed securities 682,740 9,043 (3,071 ) 688,712 Municipal securities 205,703 3,580 (2,861 ) 206,422 Other residential mortgage-backed securities: Investment grade (1) 61,737 466 (295 ) 61,908 Corporate debt securities: Investment grade (1) 157,200 336 (558 ) 156,978 Non-investment grade (1) 11,525 — (1,500 ) 10,025 Other securities 45,914 157 (332 ) 45,739 Total available-for-sale investment securities $ 2,972,935 $ 20,161 $ (10,950 ) $ 2,982,146 December 31, 2014 Available-for-sale investment securities: U.S. Treasury securities $ 873,101 $ 1,971 $ (1,637 ) $ 873,435 U.S. government agency and U.S. government sponsored enterprise debt securities 311,927 490 (1,393 ) 311,024 U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 140,957 1,056 (593 ) 141,420 Residential mortgage-backed securities 785,412 9,754 (4,078 ) 791,088 Municipal securities 245,408 6,202 (1,162 ) 250,448 Other residential mortgage-backed securities: Investment grade (1) 52,694 1,359 (135 ) 53,918 Other commercial mortgage-backed securities: Investment grade (1) 34,000 53 — 34,053 Corporate debt securities: Investment grade (1) 116,236 — (1,054 ) 115,182 Non-investment grade (1) 17,881 — (3,200 ) 14,681 Other securities 41,589 243 (716 ) 41,116 Total available-for-sale investment securities $ 2,619,205 $ 21,128 $ (13,968 ) $ 2,626,365 (1) Available-for-sale investment securities rated BBB- or higher by S&P or Baa3 or higher by Moody’s are considered investment grade. Conversely, available-for-sale investment securities rated lower than BBB- by S&P or lower than Baa3 by Moody’s are considered non-investment grade. Realized Gains and Losses The following table presents the proceeds, gross realized gains, and gross realized losses related to the sales of available-for-sale investment securities for the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Proceeds from sales $ 292,561 $ 21,611 $ 473,062 $ 351,842 Gross realized gains $ 5,554 $ 671 $ 9,958 $ 4,216 Gross realized losses $ — $ — $ — $ 127 (1) Related tax expense $ 2,333 $ 282 $ 4,182 $ 1,717 (1) The gross $127 thousand of losses resulted from the available-for-sale investment securities acquired from MetroCorp which were sold immediately after the acquisition closed. Declines in the fair value of securities below their cost that are deemed to be an other-than-temporary impairment (“OTTI”) are recognized in earnings to the extent the impairment is related to credit losses. The following table presents a rollforward of the amounts related to the OTTI credit losses recognized in earnings for the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Beginning balance $ 106,688 $ 115,511 $ 112,338 $ 115,511 Addition of OTTI previously not recognized — — — — Additional increases to the amount related to the credit loss for which an OTTI was previously recognized — — — — Reduction for securities sold — — (5,650 ) — Ending balance $ 106,688 $ 115,511 $ 106,688 $ 115,511 The Company believes that it is not more likely than not that the Company will be required to sell the securities above before recovery of their amortized cost basis. No OTTI credit losses were recognized for the three and six months ended June 30, 2015 and 2014 . There were no sales of any investment securities with previously recognized OTTI credit losses for the three months ended June 30, 2015 or the three months ended June 30, 2014 . For the six months ended June 30, 2015 , the Company realized a gain of $960 thousand from the sale of a non-investment grade corporate debt security with previously recognized OTTI credit losses of $5.7 million . There were no sale transactions of any investment securities with previously recognized OTTI credit losses for the six months ended June 30, 2014 . Unrealized Losses The following tables present the Company’s investment portfolio’s gross unrealized losses and related fair values, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of June 30, 2015 and December 31, 2014 : Less Than 12 Months 12 Months or More Total ($ in thousands) Fair Value Gross Fair Value Gross Fair Value Gross June 30, 2015 Available-for-sale investment securities: U.S. Treasury securities $ 61,141 $ (30 ) $ 50,766 $ (142 ) $ 111,907 $ (172 ) U.S. government agency and U.S. government sponsored enterprise debt securities 256,518 (1,106 ) 24,887 (110 ) 281,405 (1,216 ) U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 86,572 (504 ) 21,982 (441 ) 108,554 (945 ) Residential mortgage-backed securities 135,426 (1,115 ) 96,853 (1,956 ) 232,279 (3,071 ) Municipal securities 52,924 (1,906 ) 15,262 (955 ) 68,186 (2,861 ) Other residential mortgage-backed securities: Investment grade 5,684 (16 ) 6,589 (279 ) 12,273 (295 ) Corporate debt securities: Investment grade 10,050 (36 ) 90,618 (522 ) 100,668 (558 ) Non-investment grade — — 10,025 (1,500 ) 10,025 (1,500 ) Other securities 18,047 (53 ) 8,721 (279 ) 26,768 (332 ) Total available-for-sale investment securities $ 626,362 $ (4,766 ) $ 325,703 $ (6,184 ) $ 952,065 $ (10,950 ) Less Than 12 Months 12 Months or More Total ($ in thousands) Fair Value Gross Fair Value Gross Fair Value Gross December 31, 2014 Available-for-sale investment securities: U.S. Treasury securities $ 170,260 $ (266 ) $ 163,800 $ (1,371 ) $ 334,060 $ (1,637 ) U.S. government agency and U.S. government sponsored enterprise debt securities 69,438 (504 ) 124,104 (889 ) 193,542 (1,393 ) U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 45,405 (257 ) 16,169 (336 ) 61,574 (593 ) Residential mortgage-backed securities 81,927 (270 ) 241,047 (3,808 ) 322,974 (4,078 ) Municipal securities 6,391 (26 ) 61,107 (1,136 ) 67,498 (1,162 ) Other residential mortgage-backed securities: Investment grade — — 7,217 (135 ) 7,217 (135 ) Corporate debt securities: Investment grade 25,084 (12 ) 90,098 (1,042 ) 115,182 (1,054 ) Non-investment grade — — 14,681 (3,200 ) 14,681 (3,200 ) Other securities 15,885 (716 ) — — 15,885 (716 ) Total available-for-sale investment securities $ 414,390 $ (2,051 ) $ 718,223 $ (11,917 ) $ 1,132,613 $ (13,968 ) At each reporting date, the Company examines all individual securities that are in an unrealized loss position for OTTI. Specific investment related factors, such as the nature of the investments, the severity and duration of the loss, the probability of collecting all amounts due, the analysis of the issuers of the securities and whether there has been any cause for default on the securities and any change in the rating of the securities by various rating agencies, are examined to assess impairment. Additionally, the Company evaluates whether the creditworthiness of the issuer calls the realization of contractual cash flows into question. The Company takes into consideration the financial resources, intent and its overall ability to hold the securities and not be required to sell them until their fair values recover. The majority of the total unrealized losses related to securities are related to non-investment grade corporate debt securities, residential agency mortgage-backed securities, and municipal securities. As of June 30, 2015 , residential agency mortgage-backed securities, municipal securities and non-investment grade corporate debt securities represented 23% , 7% and less than 1% , respectively, of the total available-for-sale investment securities portfolio. As of December 31, 2014 , residential agency mortgage-backed securities, municipal securities and non-investment grade corporate debt securities represented 30% , 10% and 1% , respectively, of the total available-for-sale investment securities portfolio. The unrealized losses on these securities were primarily attributed to yield curve movement, together with the widened liquidity spread and credit spread. The issuers of these securities have not, to the Company’s knowledge, established any cause for default on these securities. These securities have fluctuated in value since their purchase dates as market interest rates have fluctuated. Management believes the impairments detailed in the tables of gross unrealized losses above are temporary and are not impaired due to reasons of credit quality. Accordingly, no impairment loss has been recorded in the Company’s consolidated statements of income for the three and six months ended June 30, 2015 and 2014 . Available-for-Sale Investment Securities Maturities The following table presents the scheduled maturities of available-for-sale investment securities as of June 30, 2015 : ($ in thousands) Amortized Cost Fair Value Due within one year $ 432,277 $ 430,898 Due after one year through five years 1,407,326 1,414,615 Due after five years through ten years 328,129 325,541 Due after ten years 805,203 811,092 Total available-for-sale investment securities $ 2,972,935 $ 2,982,146 Actual maturities of mortgage-backed securities can differ from contractual maturities because borrowers have the right to prepay obligations. In addition, such factors as prepayments and interest rates may affect the yields on the carrying values of mortgage-backed securities. Available-for-sale investment securities with a par value of $1.68 billion and $1.93 billion were pledged to secure public deposits, repurchase agreements, the Federal Reserve Bank’s discount window, or for other purposes required or permitted by law as of June 30, 2015 and December 31, 2014 , respectively.

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2015
DERIVATIVES
DERIVATIVES	NOTE 8 — DERIVATIVES The following table presents the total notional and fair values of the Company’s derivatives as of June 30, 2015 and December 31, 2014 : Fair Values of Derivative Instruments June 30, 2015 December 31, 2014 Notional Amount Fair Value Notional Amount Fair Value ($ in thousands) Derivative Assets (1) Derivative Liabilities (1) Derivative Assets (1) Derivative Liabilities (1) Derivatives designated as hedging instruments: Interest rate swaps on certificates of deposit $ 116,642 $ — $ 8,177 $ 132,667 $ — $ 9,922 Total derivatives designated as hedging instruments $ 116,642 $ — $ 8,177 $ 132,667 $ — $ 9,922 Derivatives not designated as hedging instruments: Foreign exchange options $ — $ — $ — $ 85,614 $ 6,136 $ — Embedded derivative liabilities — — — 47,838 — 3,392 Interest rate swaps and caps 5,403,687 44,424 43,810 4,858,391 41,534 41,779 Foreign exchange contracts 1,032,447 11,044 10,186 680,629 8,118 9,163 Total derivatives not designated as hedging instruments $ 6,436,134 $ 55,468 $ 53,996 $ 5,672,472 $ 55,788 $ 54,334 (1) Derivative assets are included in Other Assets. Derivative liabilities are included in Accrued Expenses and Other liabilities, and Interest-Bearing Deposits. Derivatives Designated as Hedging Instruments Interest Rate Swaps on Certificates of Deposit — The Company is exposed to changes in the fair value of certain fixed rate certificates of deposit due to changes in the benchmark interest rate, London Interbank Offering Rate (“LIBOR”). Interest rate swaps designated as fair value hedges involve the receipt of fixed rate amounts from a counterparty in exchange for the Company making variable-rate payments over the life of the agreements without the exchange of the underlying notional amount. The interest rate swaps and the related certificates of deposit have the same maturity dates. The total notional amounts of the interest rate swaps on certificates of deposit were $116.6 million and $132.7 million , as of June 30, 2015 and December 31, 2014 , respectively. The fair value liabilities of the interest rate swaps were $8.2 million and $9.9 million as of June 30, 2015 and December 31, 2014 , respectively. In order to realign the hedged notionals of the interest rate swaps against the outstanding balances of the related certificates of deposit, the Company dedesignated certain existing hedge relationships of its fixed rate certificates of deposit and simultaneously redesignated them as new hedge relationships during the three and six months ended June 30, 2015 . The following table presents the net gains (losses) recognized in the consolidated statements of income related to derivatives designated as hedging instruments for the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Gains (losses) recorded in interest expense Recognized on interest rate swaps $ (2,291 ) $ 3,045 $ 757 $ 5,750 Recognized on certificates of deposit 2,294 (2,454 ) (401 ) (5,390 ) Net amount recognized on fair value hedges (ineffective portion) $ 3 $ 591 $ 356 $ 360 Derivatives Not Designated as Hedging Instruments Foreign Exchange Options — During 2010, the Company entered into foreign exchange option contracts with major brokerage firms to economically hedge against foreign exchange fluctuations in certain certificates of deposit available to its customers. These certificates of deposit have a term of 5 years and pay interest based on the performance of the RMB relative to the USD. Under ASC 815, a certificate of deposit that pays interest based on changes in foreign exchange rates is a hybrid instrument with an embedded derivative that must be accounted for separately from the host contract (i.e., the certificate of deposit). In accordance with ASC 815, both the embedded derivative instruments and the freestanding foreign exchange option contracts are recorded at fair value. All of the Company’s foreign exchange option contracts have expired as of June 30, 2015 . In addition, there were no embedded derivative liabilities as of June 30, 2015. As of December 31, 2014 , the notional amounts and fair values of the foreign exchange options were $85.6 million and a $6.1 million asset, respectively, while the notional amounts and fair values of the embedded derivative liabilities were $ 47.8 million and a $3.4 million liability, respectively. Interest Rate Swaps and Caps — The Company enters into interest rate derivatives including interest rate swaps and caps with its customers to allow them to hedge against the risk of rising interest rates on their variable rate loans. To economically hedge against the interest rate risks in the products offered to its customers, the Company enters into mirrored interest rate contracts with institutional counterparties. As of June 30, 2015 , the total notional amounts of interest rate swaps and caps, including mirrored transactions with institutional counterparties and the Company’s customers totaled $2.72 billion for derivatives that were in an asset valuation position and $2.68 billion for derivatives that were in a liability valuation position. As of December 31, 2014 , the total notional amounts of interest rate swaps and caps, including mirrored transactions with institutional counterparties and the Company’s customers totaled $2.45 billion for derivatives that were in an asset valuation position and $2.40 billion for derivatives that were in a liability valuation position. The fair values of interest rate swap and cap contracts with institutional counterparties and the Company’s customers amounted to a $44.4 million asset and a $43.8 million liability as of June 30, 2015 . The fair values of interest rate swap and cap contracts with institutional counterparties and the Company’s customers amounted to a $41.5 million asset and a $41.8 million liability as of December 31, 2014 . Foreign Exchange Contracts — The Company enters into foreign exchange forward contracts on a regular basis to economically hedge against foreign exchange rate fluctuations. A majority of these contracts have maturities of less than a year. As of June 30, 2015 and December 31, 2014 , the notional amounts of short-term foreign exchange contracts were $1.03 billion and $680.6 million , respectively. The fair values of the short-term foreign exchange contracts recorded were an $11.0 million asset and a $10.2 million liability as of June 30, 2015 . The fair values of short-term foreign exchange contracts recorded were an $8.1 million asset and a $9.2 million liability as of December 31, 2014 . The following table presents the net gains (losses) recognized on the Company’s consolidated statements of income related to derivatives not designated as hedging instruments for the three and six months ended June 30, 2015 and 2014 : Location in Consolidated Statements of Income Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Derivatives not designated as hedging instruments: Foreign exchange options Foreign exchange income $ 37 $ 173 $ 236 $ 54 Embedded derivative liabilities Other operating expense 5 (3 ) (136 ) (2 ) Interest rate swaps and caps Other operating income 1,215 (130 ) 621 (1,066 ) Foreign exchange contracts Foreign exchange income 908 (500 ) 2,216 (2,629 ) Total net gains (losses) $ 2,165 $ (460 ) $ 2,937 $ (3,643 ) Credit-Risk-Related Contingent Features — Certain over-the-counter (“OTC”) derivative contracts of the Company contain early termination provisions that may require the Company to settle any outstanding balances upon the occurrence of a specified credit-risk-related event. These events, which are defined by the existing derivative contracts, primarily relate to downgrades in the event that the credit rating of East West Bank falls below investment grade. In the event that East West Bank’s credit rating is downgraded to below investment grade, no additional collateral would be required to be posted since the liabilities related to such contracts were fully collateralized as of June 30, 2015 and December 31, 2014 . Offsetting of Derivatives The Company has entered into agreements with counterparty financial institutions, which include master netting agreements. However, the Company has elected to account for all derivatives with counterparty institutions on a gross basis. The following tables present gross derivatives in the consolidated balance sheets and the respective collaterals received or pledged in the form of other financial instruments, which are generally marketable securities and/or cash. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability (after netting is applied); thus instances of overcollateralization are not shown: ($ in thousands) As of June 30, 2015 Gross Amounts of Recognized Assets Gross Amounts Offset on the Consolidated Balance Sheet Net Amounts of Assets Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Assets Financial Instruments Collateral Received Net Amount Derivatives $ 10,752 $ — $ 10,752 $ (4,702 ) (1) $ (5,330 ) (2) $ 720 Gross Amounts of Recognized Liabilities Gross Amounts Offset on the Consolidated Balance Sheet Net Amounts of Liabilities Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Liabilities Financial Instruments Collateral Posted Net Amount Derivatives $ 54,746 $ — $ 54,746 $ (4,702 ) (1) $ (49,308 ) (3) $ 736 ($ in thousands) As of December 31, 2014 Gross Amounts of Recognized Assets Gross Amounts Offset on the Consolidated Balance Sheet Net Amounts of Assets Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Assets Financial Instruments Collateral Received Net Amount Derivatives $ 12,383 $ — $ 12,383 $ (5,718 ) (1) $ (3,460 ) (2) $ 3,205 Gross Amounts of Recognized Liabilities Gross Amounts Offset on the Consolidated Balance Sheet Net Amounts of Liabilities Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Liabilities Financial Instruments Collateral Posted Net Amount Derivatives $ 56,493 $ — $ 56,493 $ (5,718 ) (1) $ (49,948 ) (3) $ 827 (1) Represents the netting of derivative receivable and payable balances for the same counterparty under enforceable master netting arrangements if the Company has elected to net. (2) Represents $5.3 million and $3.5 million of cash collateral received against derivative assets with the same counterparty that are subject to enforceable master netting arrangements as of June 30, 2015 and December 31, 2014 , respectively. (3) Represents cash and securities pledged against derivative liabilities with the same counterparty that are subject to enforceable master netting arrangements. Includes approximately $14.5 million and $12.5 million of cash collateral posted as of June 30, 2015 and December 31, 2014 , respectively. Refer to Note 4 for fair value measurement disclosures on derivatives.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2015
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	NOTE 9 — LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES The Company’s loan portfolio includes originated and purchased loans. Originated and purchased loans, for which there was no evidence of credit deterioration at their acquisition date, are referred to collectively as non-PCI loans. Purchased credit impaired (“PCI ”) loans are accounted for in accordance with ASC Subtopic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality . A purchased loan is deemed to be credit impaired when there is evidence of credit deterioration since its origination and it is probable at the acquisition date that the Company would be unable to collect all contractually required payments. PCI loans consist of loans acquired with deteriorated quality from the United Commercial Bank (“UCB”) FDIC assisted acquisition on November 6, 2009, the Washington First International Bank (“WFIB”) FDIC assisted acquisition on June 11, 2010 and, to a lesser extent, a small portion of loans acquired from the MetroCorp acquisition on January 17, 2014 . Refer to Note 3 — Business Combination , included in this report, for further details on the MetroCorp acquisition and Note 8 — Covered Assets and FDIC Indemnification Asset to the Consolidated Financial Statements of the Company’s 2014 Form 10-K for additional details related to the WFIB and UCB acquisitions. The following table presents the composition of the Company’s non-PCI and PCI loans as of June 30, 2015 and December 31, 2014 : June 30, 2015 December 31, 2014 ($ in thousands) Non-PCI Loans PCI Loans (1) Total (1) Non-PCI Loans PCI Loans (1) Total (1) CRE: Income Producing $ 6,087,661 $ 626,504 $ 6,714,165 $ 5,568,046 $ 688,013 $ 6,256,059 Construction 370,323 7,451 377,774 319,843 12,444 332,287 Land 182,337 12,597 194,934 214,327 16,840 231,167 Total CRE 6,640,321 646,552 7,286,873 6,102,216 717,297 6,819,513 C&I: Commercial business 7,311,273 66,332 7,377,605 7,097,853 83,336 7,181,189 Trade finance 768,279 4,780 773,059 889,728 6,284 896,012 Total C&I 8,079,552 71,112 8,150,664 7,987,581 89,620 8,077,201 Residential: Single-family 3,119,679 203,473 3,323,152 3,647,262 219,519 3,866,781 Multifamily 1,250,436 224,044 1,474,480 1,184,017 265,891 1,449,908 Total residential 4,370,115 427,517 4,797,632 4,831,279 485,410 5,316,689 Consumer 1,702,822 26,621 1,729,443 1,483,956 29,786 1,513,742 Total loans $ 20,792,810 $ 1,171,802 $ 21,964,612 $ 20,405,032 $ 1,322,113 $ 21,727,145 Unearned fees, premiums, and discounts, net (5,948 ) — (5,948 ) 2,804 — 2,804 Allowance for loan losses (260,617 ) (612 ) (261,229 ) (260,965 ) (714 ) (261,679 ) Loans, net $ 20,526,245 $ 1,171,190 $ 21,697,435 $ 20,146,871 $ 1,321,399 $ 21,468,270 (1) Loans net of ASC 310-30 discount. The Company’s CRE lending activities include loans to finance income-producing properties, construction and land loans. The Company’s C&I lending activities include commercial business financing for small and middle-market businesses in a wide spectrum of industries. Included in commercial business loans are loans for working capital, accounts receivable lines, inventory lines, Small Business Administration loans and lease financing. The Company also offers a variety of international trade finance services and products, including letters of credit, revolving lines of credit, import loans, bankers’ acceptances, working capital lines, domestic purchase financing and pre-export financing. The Company’s single-family residential loans are primarily comprised of adjustable rate (“ARM”) first mortgage loans secured by one-to-four unit residential properties. The Company’s ARM single-family residential loan programs generally have a one-year or three-year initial fixed period. The Company’s multifamily residential loans are primarily comprised of variable rate loans that have a six-month or three-year initial fixed period. As of June 30, 2015 and December 31, 2014 , consumer loans were primarily composed of home equity lines of credit (“HELOCs”). All loans originated are subject to the Company’s underwriting guidelines and loan origination standards. Management believes that the Company’s underwriting criteria and procedures adequately consider the unique risks which may come from these products. The Company conducts a variety of quality control procedures and periodic audits, including review of criteria for lending and legal requirements, to ensure it is in compliance with its origination standards. As of June 30, 2015 and December 31, 2014 , loans totaling $15.40 billion and $14.66 billion , respectively, were pledged to secure borrowings and to provide additional borrowing capacity from the FHLB and the Federal Reserve Bank. Credit Quality Indicators All loans are subject to the Company’s internal and external credit review and monitoring. Loans are risk rated based on analysis of the current state of the borrower’s credit quality. The analysis of credit quality includes a review of all repayment sources, the borrower’s current payment performance/delinquency, current financial and liquidity status and all other relevant information. For single-family residential loans, payment performance/delinquency is the driving indicator for the risk ratings. However, the risk ratings remain the overall credit quality indicator for the Company as well as the credit quality indicator utilized for estimating the appropriate allowance for loan losses. The Company utilizes a seven-grade risk rating system, which can be classified within the following categories: Pass, Watch, Special Mention, Substandard, Doubtful and Loss. The risk ratings reflect the relative strength of the repayment sources. Pass and Watch loans are generally considered to have sufficient sources of repayment in order to repay the loan in full in accordance with all terms and conditions. These borrowers may have some credit risks that require monitoring, but full repayments are expected. Special Mention loans are considered to have potential weaknesses that warrant closer attention by management. Special Mention is considered a transitory grade. If any potential weaknesses are resolved, the loan is upgraded to a Pass or Watch grade. If negative trends in the borrower’s financial status or other information indicates that the repayment sources may become inadequate, the loan is downgraded to a Substandard grade. Substandard loans are considered to have well-defined weaknesses that jeopardize the full and timely repayment of the loan. Substandard loans have a distinct possibility of loss if the deficiencies are not corrected. Additionally, when management has assessed a potential for loss but a distinct possibility of loss is not recognizable, the loan is still classified as Substandard. Doubtful loans have insufficient sources of repayment and a high probability of loss. Loss loans are considered to be uncollectible and of such little value that they are no longer considered bankable assets. These internal risk ratings are reviewed routinely and adjusted due to changes in the borrowers’ status and likelihood of loan repayment. The following tables present the credit risk rating for non-PCI loans by portfolio segment as of June 30, 2015 and December 31, 2014 : ($ in thousands) Pass/Watch Special Mention Substandard Doubtful Loss Total Non-PCI Loans June 30, 2015 CRE: Income producing $ 5,810,946 $ 48,382 $ 228,333 $ — $ — $ 6,087,661 Construction 366,869 — 3,454 — — 370,323 Land 159,751 — 22,586 — — 182,337 C&I: Commercial business 6,978,635 162,020 166,851 3,767 — 7,311,273 Trade finance 726,648 19,193 22,438 — — 768,279 Residential: Single-family 3,095,832 5,627 18,220 — — 3,119,679 Multifamily 1,186,826 985 62,625 — — 1,250,436 Consumer 1,698,617 1,359 2,846 — — 1,702,822 Total $ 20,024,124 $ 237,566 $ 527,353 $ 3,767 $ — $ 20,792,810 ($ in thousands) Pass/Watch Special Mention Substandard Doubtful Loss Total Non-PCI Loans December 31, 2014 CRE: Income producing $ 5,243,640 $ 54,673 $ 269,733 $ — $ — $ 5,568,046 Construction 310,259 11 9,573 — — 319,843 Land 185,220 5,701 23,406 — — 214,327 C&I: Commercial business 6,836,914 130,319 130,032 533 55 7,097,853 Trade finance 845,889 13,031 30,808 — — 889,728 Residential: Single-family 3,627,491 3,143 16,628 — — 3,647,262 Multifamily 1,095,982 5,124 82,911 — — 1,184,017 Consumer 1,480,208 1,005 2,743 — — 1,483,956 Total $ 19,625,603 $ 213,007 $ 565,834 $ 533 $ 55 $ 20,405,032 The following tables present the credit risk rating for PCI loans by portfolio segment as of June 30, 2015 and December 31, 2014 : ($ in thousands) Pass/Watch Special Mention Substandard Doubtful Total PCI Loans June 30, 2015 CRE: Income producing $ 505,872 $ 6,920 $ 113,712 $ — $ 626,504 Construction 584 — 6,867 — 7,451 Land 10,333 — 2,264 — 12,597 C&I: Commercial business 58,216 930 7,186 — 66,332 Trade finance 3,073 — 1,707 — 4,780 Residential: Single-family 198,113 957 4,403 — 203,473 Multifamily 193,061 664 30,319 — 224,044 Consumer 26,018 113 490 — 26,621 Total (1) $ 995,270 $ 9,584 $ 166,948 $ — $ 1,171,802 (1) Loans net of ASC 310-30 discount. ($ in thousands) Pass/Watch Special Mention Substandard Doubtful Total PCI Loans December 31, 2014 CRE: Income producing $ 534,015 $ 9,960 $ 144,038 $ — $ 688,013 Construction 589 1,744 10,111 — 12,444 Land 7,012 5,391 4,437 — 16,840 C&I: Commercial business 70,586 1,103 11,647 — 83,336 Trade finance 4,620 — 1,664 — 6,284 Residential: Single-family 213,829 374 5,316 — 219,519 Multifamily 230,049 — 35,842 — 265,891 Consumer 29,026 116 644 — 29,786 Total (1) $ 1,089,726 $ 18,688 $ 213,699 $ — $ 1,322,113 (1) Loans net of ASC 310-30 discount. Nonaccrual and Past Due Loans The following tables present the aging analysis on non-PCI loans as of June 30, 2015 and December 31, 2014 : ($ in thousands) Accruing Loans 30-59 Days Past Due Accruing Loans 60-89 Days Past Due Total Accruing Past Due Loans Nonaccrual Loans Less Than 90 Days Past Due Nonaccrual Loans 90 or More Days Past Due Total Nonaccrual Loans Current Accruing Loans Total Non-PCI Loans June 30, 2015 CRE: Income producing $ 6,761 $ 3,762 $ 10,523 $ 18,858 $ 12,193 $ 31,051 $ 6,046,087 $ 6,087,661 Construction 4,982 — 4,982 14 — 14 365,327 370,323 Land 5,701 — 5,701 308 4,743 5,051 171,585 182,337 C&I: Commercial business 2,973 11,429 14,402 6,987 23,508 30,495 7,266,376 7,311,273 Trade finance 2,500 470 2,970 — — — 765,309 768,279 Residential: Single-family 8,081 4,167 12,248 2,736 5,713 8,449 3,098,982 3,119,679 Multifamily 945 1,999 2,944 10,034 1,375 11,409 1,236,083 1,250,436 Consumer 2,839 959 3,798 163 525 688 1,698,336 1,702,822 Total $ 34,782 $ 22,786 $ 57,568 $ 39,100 $ 48,057 $ 87,157 $ 20,648,085 $ 20,792,810 Unearned fees, premiums and discounts, net (5,948 ) Total recorded investment in non-PCI loans $ 20,786,862 ($ in thousands) Accruing Loans 30-59 Days Past Due Accruing Loans 60-89 Days Past Due Total Accruing Past Due Loans Nonaccrual Loans Less Than 90 Days Past Due Nonaccrual Loans 90 or More Days Past Due Total Nonaccrual Loans Current Accruing Loans Total Non-PCI Loans December 31, 2014 CRE: Income producing $ 14,171 $ 3,593 $ 17,764 $ 19,348 $ 9,165 $ 28,513 $ 5,521,769 $ 5,568,046 Construction — — — 15 6,898 6,913 312,930 319,843 Land — — — 221 2,502 2,723 211,604 214,327 C&I: Commercial business 3,187 4,361 7,548 6,623 21,813 28,436 7,061,869 7,097,853 Trade finance — — — 73 292 365 889,363 889,728 Residential: Single-family 6,381 1,294 7,675 2,861 5,764 8,625 3,630,962 3,647,262 Multifamily 4,425 507 4,932 12,460 8,359 20,819 1,158,266 1,184,017 Consumer 2,154 162 2,316 169 3,699 3,868 1,477,772 1,483,956 Total $ 30,318 $ 9,917 $ 40,235 $ 41,770 $ 58,492 $ 100,262 $ 20,264,535 $ 20,405,032 Unearned fees, premiums and discounts, net 2,804 Total recorded investment in non-PCI loans $ 20,407,836 Non-PCI loans that are 90 or more days past due are generally placed on nonaccrual status, at which point interest accrual is discontinued and all unpaid accrued interest is reversed against interest income. Additionally, non-PCI loans that are not 90 or more days past due but have identified deficiencies are also placed on nonaccrual status. Interest payments received on nonaccrual loans are reflected as a reduction of principal and not as interest income. A loan is returned to accrual status when the borrower has demonstrated a satisfactory payment trend subject to management’s assessment of the borrower’s ability to repay the loan. PCI loans are excluded from the above aging analysis table as such loans continue to earn interest from accretable yield, independent of performance in accordance with their contractual terms. $59.1 million and $63.4 million of PCI loans were on nonaccrual status as of June 30, 2015 and December 31, 2014 , respectively. Loans in Process of Foreclosure As of June 30, 2015 and December 31, 2014, the Company had $22.2 million and $16.9 million , respectively, of recorded investment in consumer mortgage loans secured by residential real estate properties, for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction, which were not included in OREO. Foreclosed residential real estate properties with carrying amount of $4.1 million were included in total net OREO of $25.8 million as of June 30, 2015 . In comparison, foreclosed residential real estate properties with carrying amount of $3.5 million were included in total net OREO of $32.1 million as of December 31, 2014 . Troubled Debt Restructurings A troubled debt restructuring (“TDR”) is a modification of the terms of a loan when the lender, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower. The concessions may be granted in various forms, including a below-market change in the stated interest rate, reduction in the loan balance or accrued interest, extension of the maturity date with a stated interest rate lower than the current market rate or note splits referred to as A/B notes. In A/B note restructurings, the original note is bifurcated into two notes where the A note represents the portion of the original loan which allows for acceptable loan-to-value and debt coverage on the collateral and is expected to be collected in full and the B note represents the portion of the original loan where there is a shortfall in value and is fully charged off. The A/B note balance is comprised of the A note balance only. A notes are not disclosed as TDRs in subsequent years after the year of restructuring if the restructuring agreement specifies an interest rate equal to or greater than the rate that the Company was willing to accept at the time of the restructuring for a new loan with comparable risk, the loan is not impaired based on the terms specified by the restructuring agreement and has demonstrated a period of sustained performance under the modified terms. The Company had $2.8 million and $2.9 million of performing A/B notes as of June 30, 2015 and December 31, 2014 , respectively. Potential TDRs are individually evaluated and the type of restructuring is selected based on the loan type and the circumstances of the borrower’s financial difficulty in order to maximize the Company’s recovery. During the three months ended June 30, 2015 , the Company restructured $38.1 million of C&I loans primarily through principal and interest reductions and extensions and $100 thousand of CRE loans through other modified terms . During the three months ended June 30, 2014 , the Company restructured $5.3 million of CRE loans primarily through principal and interest reductions , $4.0 million of residential loans through principal deferments and other modified terms and $1.2 million of C&I loans primarily through extensions . During the six months ended June 30, 2015 , the Company restructured $918 thousand of CRE loans through principal and interest deferments and other modified terms , $38.3 million of C&I loans primarily through principal and interest reductions and extensions and $281 thousand of residential loans through principal deferments . During the six months ended June 30, 2014 , the Company restructured $8.1 million residential loans through extensions, rate reductions, principal deferments and other modified terms , $5.3 million of CRE loans primarily through principal and interest reductions and $2.8 million of C&I loans primarily through extensions and principal deferments . The following tables present the additions to non-PCI TDRs during the three and six months ended June 30, 2015 and 2014 : Loans Modified as TDRs During the Three Months Ended June 30, 2015 2014 ($ in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (1) Financial Impact (2) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (1) Financial Impact (2) CRE: Income producing — $ — $ — $ — 2 $ 5,318 $ 5,254 $ — Land 1 $ 171 $ 100 $ 102 — $ — $ — $ — C&I: Commercial business 12 $ 37,924 $ 38,117 $ 5,465 2 $ 1,165 $ 1,155 $ 563 Residential: Single-family — $ — $ — $ — 1 $ 1,032 $ 1,030 $ — Multifamily — $ — $ — $ — 1 $ 2,513 $ 2,973 $ — Loans Modified as TDRs During the Six Months Ended June 30, 2015 2014 ($ in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (1) Financial Impact (2) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (1) Financial Impact (2) CRE: Income producing 1 $ 828 $ 818 $ — 2 $ 5,318 $ 5,254 $ — Land 1 $ 171 $ 100 $ 102 — $ — $ — $ — C&I: Commercial business 13 $ 38,090 $ 38,280 $ 5,497 7 $ 2,886 $ 2,828 $ 1,811 Residential: Single-family 1 $ 281 $ 281 $ 2 4 $ 6,855 $ 5,105 $ — Multifamily — $ — $ — $ — 1 $ 2,513 $ 2,973 $ — (1) Includes subsequent payments after modification and reflects the balance as of June 30, 2015 and 2014 . (2) The financial impact includes charge-offs and specific reserves recorded at modification date. Subsequent to restructuring, a TDR that becomes delinquent, generally beyond 90 days, is considered to have defaulted. There were no subsequent defaults during the three and six months ended June 30, 2015 for non-PCI loans that were modified as TDRs within the previous 12 months. Non-PCI loans that were modified as TDRs within the previous 12 months that have subsequently defaulted during the three months ended June 30, 2014 consisted of one C&I TDR contract with a recorded investment of $500 thousand . Non-PCI loans that were modified as TDRs within the previous 12 months that have subsequently defaulted during the six months ended June 30, 2014 consisted of one CRE TDR contract with a recorded investment of $2.7 million and one C&I with a recorded investment of $500 thousand . TDRs may be designated as performing or nonperforming. A TDR may be designated as performing if the loan has demonstrated sustained performance under the modified terms. The period of sustained performance may include the periods prior to modification if prior performance has met or exceeded the modified terms. A loan will remain on nonaccrual status until the borrower demonstrates a sustained period of performance, generally six consecutive months of payments. TDRs are included in the impaired loan quarterly valuation allowance process. See Allowance for Loan Losses and Impaired Loans sections below for complete discussion. All portfolio segments of TDRs are reviewed for necessary specific reserves in the same manner as impaired loans of the same portfolio segment which have not been identified as TDRs. The modification of the terms of each TDR is considered in the current impairment analysis of the respective TDR. For all portfolio segments of nonperforming TDRs, when the restructured loan is deemed to be uncollectible under modified terms and its fair value is less than the recorded investment in the loan, the deficiency is charged off against the allowance for loan losses. If the loan is a performing TDR, the deficiency is included in the specific reserves of the allowance for loan losses, as appropriate. The amount of additional funds committed to lend to borrowers whose terms have been modified w ere immaterial as of June 30, 2015 and December 31, 2014 . Impaired Loans The Company’s loans are grouped into heterogeneous and homogeneous (mostly consumer loans) categories. Classified loans in the heterogeneous category are identified and evaluated for impairment on an individual basis. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all scheduled payments of principal or interest due according to the original contractual terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent, less costs to sell. When the value of an impaired loan is less than the recorded investment in the loan and the loan is classified as nonperforming and uncollectible, the deficiency is charged-off against the allowance for loan losses. Impaired loans exclude the homogeneous consumer loan portfolio which is evaluated collectively for impairment. The Company’s impaired loans predominantly include non-PCI loans held - for - investment on nonaccrual status and any non-PCI loans modified in a TDR, on both accrual and nonaccrual status. The following tables present the non-PCI impaired loans as of June 30, 2015 and December 31, 2014 : ($ in thousands) Unpaid Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance June 30, 2015 CRE: Income producing $ 53,002 $ 34,274 $ 11,295 $ 45,569 $ 1,447 Construction 57 — 14 14 3 Land 10,755 4,455 1,354 5,809 191 C&I: Commercial business 83,775 18,687 52,778 71,465 22,584 Trade finance 11,452 — 11,452 11,452 106 Residential: Single-family 16,926 5,930 9,606 15,536 493 Multifamily 25,899 17,299 6,241 23,540 250 Consumer 1,253 643 610 1,253 2 Total $ 203,119 $ 81,288 $ 93,350 $ 174,638 $ 25,076 ($ in thousands) Unpaid Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance December 31, 2014 CRE: Income producing $ 58,900 $ 35,495 $ 15,646 $ 51,141 $ 1,581 Construction 6,913 6,913 — 6,913 — Land 13,291 2,838 5,622 8,460 1,906 C&I: Commercial business 44,569 12,723 25,717 38,440 15,174 Trade finance 12,967 6,431 274 6,705 28 Residential: Single-family 18,908 6,003 11,398 17,401 461 Multifamily 37,649 21,523 12,890 34,413 313 Consumer 1,259 1,151 108 1,259 1 Total $ 194,456 $ 93,077 $ 71,655 $ 164,732 $ 19,464 The following table presents the average recorded investment and the amount of interest income recognized on non-PCI impaired loans for the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended 2015 2014 2015 2014 ($ in thousands) Average Recorded Investment Recognized Interest Income (1) Average Recognized Interest Income (1) Average Recorded Investment Recognized Interest Income (1) Average Recognized Interest Income (1) CRE: Income producing $ 46,042 $ 134 $ 59,121 $ 281 $ 46,897 $ 268 $ 59,917 $ 627 Construction 14 — 6,888 — 14 — 6,888 — Land 5,876 10 12,128 75 5,951 20 12,179 149 C&I: Commercial business 73,306 761 41,592 209 71,644 1,550 42,682 420 Trade finance 11,623 51 546 4 11,739 134 559 8 Residential: Single-family 15,595 68 15,131 57 15,658 137 14,034 115 Multifamily 23,690 190 36,683 180 23,757 379 36,817 360 Consumer 1,256 12 755 7 1,258 23 752 14 Total impaired non-PCI loans $ 177,402 $ 1,226 $ 172,844 $ 813 $ 176,918 $ 2,511 $ 173,828 $ 1,693 (1) Includes interest recognized on accruing non-PCI TDRs. Interest payments received on nonaccrual non-PCI loans are generally reflected as a reduction of principal and not as interest income. Allowance for Loan Losses The allowance for loan losses on non-PCI loans consists of specific reserves and general reserves. The Company’s non-PCI loans fall into heterogeneous and homogeneous categories. Impaired loans are subject to specific reserves. Loans in the homogeneous category, as well as non-impaired loans in the heterogeneous category, are evaluated as part of the general reserves. General reserves are calculated by utilizing both quantitative and qualitative factors. There are different qualitative risks for the loans in each portfolio segment. The residential and CRE segments’ predominant risk characteristics are the collateral and the geographic location of the property collateralizing the loan. The risk is qualitatively assessed based on the total real estate loan concentration in those geographic areas. The C&I segment’s predominant risk characteristics are the global cash flows of the borrowers and guarantors and economic and market conditions. Consumer loans are largely comprised of HELOCs for which the predominant risk characteristic is the real estate collateral securing the loans. The Company also maintains an allowance for loan losses on PCI loans when there is deterioration in credit quality subsequent to acquisition. Based on the Company’s estimates of cash flows expected to be collected, the Company establishes an allowance for the PCI loans, with a charge to income through the provision for loan losses. As of June 30, 2015 , the Company has established an allowance of $612 thousand on $1.17 billion of PCI loans. As of December 31, 2014 , an allowance of $714 thousand was established on $1.32 billion of PCI loans. The allowance balances for both periods were allocated mainly to the PCI CRE loan pools. The Company’s methodology to determine the overall appropriateness of the allowance is based on a classification migration model and qualitative considerations. The migration model examines pools of loans having similar characteristics and analyzes their loss rates over a historical period. The Company assigns loss rates to each loan grade within each pool of loans. Loss rates derived by the migration model are based predominantly on historical loss trends that may not be entirely indicative of the actual or inherent loss potential. As such, the Company utilizes qualitative and environmental factors as adjusting mechanisms to supplement the historical results of the classification migration model. Qualitative considerations include, but are not limited to, prevailing economic or market conditions, relative risk profiles of various loan segments, volume concentrations, growth trends, delinquency and nonaccrual status, problem loan trends and geographic concentrations. Qualitative and environmental factors are reflected as percentage adjustments and are added to the historical loss rates derived from the classified asset migration model to determine the appropriate allowance for each loan pool. When determined uncollectible, it is the Company’s policy to promptly charge-off the difference in the outstanding loan balance and the fair value of the collateral or the discounted value of expected cash flows. Recoveries are recorded when payment is received on loans that were previously charged-off through the allowance for loan losses. Allocation of a portion of the allowance to one segment of the loan portfolio does not preclude its availability to absorb losses in other segments. The following tables present a summary of the activity in the allowance for loan losses on non-PCI loans, by portfolio segment, and PCI loans for the three and six months ended June 30, 2015 and 2014 : Non-PCI Loans ($ in thousands) CRE C&I Residential Consumer Unallocated Total PCI Loans Total Three Months Ended June 30, 2015 Beginning balance $ 69,740 $ 133,914 $ 42,990 $ 10,451 $ — $ 257,095 $ 643 $ 257,738 Provision for (reversal of) loan losses 5,739 (2,716 ) (3,318 ) (289 ) 4,109 3,525 (31 ) 3,494 Provision allocation for unfunded loan commitments and letters of credit — — — — (4,109 ) (4,109 ) — (4,109 ) Charge-offs (348 ) (2,843 ) (1 ) — — (3,192 ) — (3,192 ) Recoveries 365 5,607 997 329 — 7,298 — 7,298 Net recoveries 17 2,764 996 329 — 4,106 — 4,106 Ending balance $ 75,496 $ 133,962 $ 40,668 $ 10,491 $ — $ 260,617 $ 612 $ 261,229 Ending balance allocated to: Individually evaluated for impairment $ 1,641 $ 22,690 $ 743 $ 2 $ — $ 25,076 $ — $ 25,076 Collectively evaluated for impairment 73,855 111,272 39,925 10,489 — 235,541 — 235,541 Acquired with deteriorated credit quality — — — — — — 612 612 Ending balance $ 75,496 $ 133,962 $ 40,668 $ 10,491 $ — $ 260,617 $ 612 $ 261,229 Non-PCI Loans ($ in thousands) CRE C&I Residential Consumer Unallocated Total PCI Loans Total Three Months Ended June 30, 2014 Beginning balance $ 63,627 $ 127,156 $ 47,995 $ 11,156 $ — $ 249,934 $ 2,202 $ 252,136 (Reversal of) provision for loan losses (2,387 ) 10,918 (2,048 ) 809 829 8,121 (121 ) 8,000 Provision allocation for unfunded loan commitments and letters of credit — — — — (829 ) (829 ) — (829 ) Charge-offs (894 ) (7,413 ) (61 ) (80 ) — (8,448 ) (523 ) (8,971 ) Recoveries 549 396 63 4 — 1,012 — 1,012 Net (charge-offs) recoveries (345 ) (7,017 ) 2 (76 ) — (7,436 ) (523 ) (7,959 ) Ending balance $ 60,895 $ 131,057 $ 45,949 $ 11,889 $ — $ 249,790 $ 1,558 $ 251,348 Ending balance allocated to: Individually evaluated for impairment $ 4,546 $ 18,918 $ 1,377 $ — $ — $ 24,841 $ — $ 24,841 Collectively evaluated for impairment 56,349 112,139 44,572 11,889 — 224,949 — 224,949 Acquired with deteriorated credit quality — — — — — — 1,558 1,558 Ending balance $ 60,895 $ 131,057 $ 45,949 $ 11,889 $ — $ 249,790 $ 1,558 $ 251,348 Non-PCI Loans ($ in thousands) CRE C&I Residential Consumer Unallocated Total PCI Loans Total Six Months Ended June 30, 2015 Beginning balance $ 72,263 $ 134,598 $ 43,856 $ 10,248 $ — $ 260,965 $ 714 $ 261,679 Provision for (reversal of) loan losses 3,406 2,662 (4,889 ) 375 7,029 8,583 (102 ) 8,481 Provision allocation for unfunded loan commitments and letters of credit — — — — (7,029 ) (7,029 ) — (7,029 ) Charge-offs (1,350 ) (9,432 ) (747 ) (463 ) — (11,992 ) — (11,992 ) Recoveries 1,177 6,134 2,448 331 — 10,090 — 10,090 Net (charge-offs) recoveries (173 ) (3,298 ) 1,701 (132 ) — (1,902 ) — (1,902 ) Ending balance $ 75,496 $ 133,962 $ 40,668 $ 10,491 $ — $ 260,617 $ 612 $ 261,229 Ending balance allocated to: Individually evaluated for impairment $ 1,641 $ 22,690 $ 743 $ 2 $ — $ 25,076 $ — $ 25,076 Collectively evaluated for impairment 73,855 111,272 39,925 10,489 — 235,541 — 235,541 Acquired with deteriorated credit quality — — — — — — 612 612 Ending balance $ 75,496 $ 133,962 $ 40,668 $ 10,491 $ — $ 260,617 $ 612 $ 261,229 Non-PCI Loans ($ in thousands) CRE C&I Residential Consumer Unallocated Total PCI Loans Total Six Months Ended June 30, 2014 Beginning balance $ 70,154 $ 115,184 $ 50,716 $ 11,352 $ — $ 247,406 $ 2,269 $ 249,675 (Reversal of) provision for loan losses (9,423 ) 27,510 (4,623 ) 613 1,044 15,121 (188 ) 14,933 Provision allocation for unfunded loan commitments and letters of credit — — — — (1,044 ) (1,044 ) — (1,044 ) Charge-offs (1,213 ) (12,944 ) (344 ) (83 ) — (14,584 ) (523 ) (15,107 ) Recoveries 1,377 1,307 200 7 — 2,891 — 2,891 Net recoveries (charge-offs) 164 (11,637 ) (144 ) (76 ) — (11,693 ) (523 ) (12,216 ) Ending balance $ 60,895 $ 131,057 $ 45,949 $ 11,889 $ — $ 249,790 $ 1,558 $ 251,348 Ending balance allocated to: Individually evaluated for impairment $ 4,546 $ 18,918 $ 1,377 $ — $ — $ 24,841 $ — $ 24,841 Collectively evaluated for impairment 56,349 112,139 44,572 11,889 — 224,949 — 224,949 Acquired with deteriorated credit quality — — — — — — 1,558 1,558 Ending balance $ 60,895 $ 131,057 $ 45,949 $ 11,889 $ — $ 249,790 $ 1,558 $ 251,348 The following tables present the Company’s recorded investments in total loans as of June 30, 2015 and December 31, 2014 related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology: ($ in thousands) CRE C&I Residential Consumer Total As of June 30, 2015 Individually evaluated for impairment $ 51,392 $ 82,917 $ 39,076 $ 1,253 $ 174,638 Collectively evaluated for impairment 6,588,929 7,996,635 4,331,039 1,701,569 20,618,172 Acquired with deteriorated credit quality (1) 646,552 71,112 427,517 26,621 1,171,802 Ending Balance (1) $ 7,286,873 $ 8,150,664 $ 4,797,632 $ 1,729,443 $ 21,964,612 (1) Loans net of ASC 310-30 discount. ($ in thousands) CRE C&I Residential Consumer Total As of Decembe

INVESTMENTS IN QUALIFIED AFFORD

INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET	6 Months Ended
	Jun. 30, 2015
INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET
INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET	NOTE 10 — INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET The Community Reinvestment Act (“CRA”) encourages banks to meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes. The Company invests in certain affordable housing limited partnerships that qualify for CRA credits. Such limited partnerships are formed to develop and operate apartment complexes designed as high-quality affordable housing for lower income tenants throughout the United States. Each of the partnerships must meet the regulatory requirements for affordable housing for a minimum 15-year compliance period to fully utilize the tax credits. In addition to affordable housing limited partnerships, the Company invests in new market tax credit projects that qualify for CRA credits. The Company also invests in eligible projects that qualify for renewable energy and historic tax credits. Investments in renewable energy tax credits help promote the development of renewable energy sources, while the investments in historic tax credits promote the rehabilitation of historic buildings and economic revitalization of the surrounding areas. Investments in Qualified Affordable Housing Partnerships, Net As discussed in Note 2 , the Company adopted ASU 2014-01 on January 1, 2015 with retrospective application to all periods presented. Prior to adopting ASU 2014-01, the Company applied the equity method or the cost method of accounting depending on the ownership percentage and the influence the Company has on these limited partnerships. The amortization of the investments in affordable housing limited partnerships was previously presented under noninterest expense in the accompanying consolidated statements of income. Under the proportional amortization method, the Company now amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the amortization in the consolidated statements of income as a component of income tax expense. The following tables present the impact of the new accounting guidance on the consolidated balance sheet and the consolidated statements of income as of the periods indicated: December 31, 2014 ($ in thousands) As Previously Reported As Revised Consolidated Balance Sheet: Investments in qualified affordable housing partnerships, net $ 178,652 $ 178,962 Other assets - Deferred tax assets $ 384,367 $ 389,601 Retained earnings $ 1,598,598 $ 1,604,141 Three Months Ended Six Months Ended ($ in thousands, except per share data) As Previously Reported As Revised As Previously Reported As Revised Consolidated Statements of Income: Noninterest expense — Amortization of tax credit and other investments $ 12,851 $ 5,490 $ 18,815 $ 6,982 Income before income taxes $ 115,606 $ 122,966 $ 227,296 $ 239,129 Income tax expense $ 31,618 $ 38,661 $ 66,567 $ 80,653 Net income $ 83,988 $ 84,305 $ 160,729 $ 158,476 Earnings Per Share Basic $ 0.59 $ 0.59 $ 1.13 $ 1.11 Diluted $ 0.58 $ 0.59 $ 1.12 $ 1.11 The following table presents the balances of the Company’s investments in qualified affordable housing partnerships, net and related unfunded commitments as of June 30, 2015 and December 31, 2014 : ($ in thousands) June 30, 2015 December 31, 2014 Investments in qualified affordable housing partnerships, net $ 176,566 $ 178,962 Accrued expenses and other liabilities — Unfunded commitments $ 45,567 $ 43,311 The following table presents other information related to the Company’s investments in qualified affordable housing partnerships, net for the periods indicated: Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Tax credits and other tax benefits recognized $ 8,605 $ 7,649 $ 17,380 $ 15,441 Amortization expense included in income tax expense $ 6,152 $ 5,357 $ 12,396 $ 10,714 Investments in Tax Credit and Other Investments, Net Investments in tax credit and other investments, net were $147.1 million and $110.1 million as of June 30, 2015 and December 31, 2014 , respectively, and were included in other assets on the consolidated balance sheets. The Company is not the primary beneficiary in these partnerships and, therefore is not required to consolidate its investments in tax credit and other investments on the consolidated financial statements. Depending on the ownership percentage and the influence the Company has on a limited partnership, the Company applies either the equity or cost method of accounting. Total unfunded commitments for these investments of $93.4 million and $71.4 million as of June 30, 2015 and December 31, 2014 , respectively, were included in accrued expenses and other liabilities in the consolidated balance sheets. Amortization of tax credit and other investments was $3.0 million and $5.5 million for the three months ended June 30, 2015 and 2014 , respectively. Amortization of tax credit and other investments was $9.3 million and $7.0 million for the six months ended June 30, 2015 and 2014 , respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 11 — GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill As of both June 30, 2015 and December 31, 2014 , the carrying amount of goodwill was $469.4 million . Goodwill is tested for impairment on an annual basis as of December 31, or more frequently as events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company’s reporting units are equivalent to the Company’s operating segments. For additional information regarding the Company’s operating segments, refer to Note 14 — Business Segments , presented elsewhere in this report. The Company records impairment write-downs as charges to noninterest expense and adjustments to the carrying value of goodwill. Subsequent reversals of goodwill impairment are prohibited. The Company performed its annual impairment test as of December 31, 2014 and determined that there was no goodwill impairment as of December 31, 2014 as the fair values of all reporting units exceeded the then current carrying amounts of the goodwill. There were no triggering events during the three months ended June 30, 2015 and therefore no additional goodwill impairment test was performed. No assurance can be given that goodwill will not be written down in future periods. Refer to Note 11 — Goodwill and Other Intangible Assets in Item 8 of the Company’s 2014 Form 10-K for additional details related to the Company’s annual goodwill impairment analysis. Premiums on Acquired Deposits Premiums on acquired deposits represent the intangible value of depositor relationships resulting from deposit liabilities assumed in various acquisitions. These intangibles are tested for impairment on an annual basis, or more frequently as events occur, or as current circumstances and conditions warrant. As of both June 30, 2015 and December 31, 2014 , the gross carrying amount of premiums on acquired deposits was $108.8 million . The related accumulated amortization totaled $68.2 million and $63.5 million , as of June 30, 2015 and December 31, 2014 , respectively. The Company amortizes premiums on acquired deposits based on the projected useful lives of the related deposits. Amortization expense of premiums on acquired deposits was $2.3 million and $2.6 million for the three months ended June 30, 2015 and 2014 , respectively. Amortization expense of premiums on acquired deposits was $4.7 million and $5.1 million for the six months ended June 30, 2015 and 2014 , respectively. The Company did not record any impairment write-downs on deposit premiums for the three and six months ended June 30, 2015 and 2014 . The following table presents the estimated future amortization expense of premiums on acquired deposits for the succeeding five years and thereafter: Estimated Future Amortization Expense of Premiums on Acquired Deposits Amount ($ in thousands) Six months ended December 31, 2015 $ 4,506 Year ended December 31, 2016 8,086 Year ended December 31, 2017 6,935 Year ended December 31, 2018 5,883 Year ended December 31, 2019 4,864 Thereafter 10,307 Total $ 40,581

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 12 — COMMITMENTS AND CONTINGENCIES Credit Extensions — In the normal course of business, the Company has various outstanding commitments to extend credit that are not reflected in the accompanying consolidated financial statements. While the Company does not anticipate losses as a result of these transactions, commitments to extend credit are included in determining the appropriate level of the allowance for unfunded commitments and credit exposures. The following table summarizes the Company’s credit-related commitments: ($ in thousands) June 30, 2015 December 31, 2014 Loan commitments $ 3,275,323 $ 3,872,223 Commercial and standby letters of credit (“SBLCs”) $ 1,502,351 $ 1,253,066 Loan commitments are agreements to lend to a customer provided there is no violation of any condition established in the agreement. Commitments generally have fixed expiration dates or other termination clauses and may require maintenance of compensatory balances. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future funding requirements. Commercial letters of credit are issued to facilitate domestic and foreign trade transactions while SBLCs generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party. Based on historical trends, the probability that the Company will have to make payments under SBLCs is low. Additionally, in many cases, the Company holds collateral in various forms against these SBLCs. As part of its risk management activities, the Company monitors the creditworthiness of the customer as well as its SBLCs exposure. The customer is obligated to reimburse the Company for any payment made on the customer’s behalf. If the customer fails to pay, the Company would, as applicable, liquidate collateral and/or offset accounts. Credit card lines are unsecured commitments that are not legally binding. Management reviews credit card lines at least annually. The Bank has the right to terminate or modify terms of the credit card lines based upon its assessment of the customers’ creditworthiness. The Company uses the same credit underwriting criteria in extending loans, commitments and conditional obligations to customers. Each customer’s creditworthiness is evaluated on a case-by-case basis. Collateral may be obtained based on management’s assessment of the customer’s credit. Collateral may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Estimated exposure to loss from these commitments is covered by the allowance for unfunded loan commitments, off-balance sheet credit exposures, and recourse provision which amounted to $19.7 million and $12.7 million as of June 30, 2015 and December 31, 2014 , respectively. These amounts were included in accrued expenses and other liabilities in the accompanying consolidated balance sheets. Guarantees — The Company has sold or securitized loans with recourse in the ordinary course of business. The recourse component in the loans sold or securitized with recourse is considered a guarantee. As the guarantor, the Company is obligated to make payments when the loans default. As of June 30, 2015 , the maximum potential future payment, which is generally the unpaid principal balance of total loans sold or securitized with recourse amounted to $224.2 million and was comprised of $32.7 million in single-family loans with full recourse and $191.5 million in multifamily loans with limited recourse. In comparison, total loans sold or securitized with recourse amounted to $249.8 million as of December 31, 2014 , and was comprised of $35.5 million in single-family loans with full recourse and $214.3 million in multifamily loans with limited recourse. The recourse provision on multifamily loans varies by loan sale and is limited to 4% of the top loss on the underlying loans. The Company’s recourse reserve related to loan sales and securitizations totaled $619 thousand and $2.2 million as of June 30, 2015 and December 31, 2014 , respectively, and were included in accrued expenses and other liabilities in the accompanying consolidated balance sheets. The Company continues to experience minimal losses from the single-family and multifamily loan portfolios sold or securitized with recourse. Litigation — The Company is a party to various legal actions arising in the normal course of business. In accordance with ASC 450, Contingencies , the Company accrues reserves for currently outstanding lawsuits, claims and proceedings when a loss contingency is probable and can be reasonably estimated. The outcome of such legal actions is inherently difficult to predict and it is possible that one or more of the currently pending or threatened legal or regulatory matters could have a material adverse effect on the Company’s liquidity, consolidated financial position, and/or results of operations. Based on the information currently available, advice of counsel and established reserves, the Company believes that the eventual outcome of pending legal matters will not individually or in the aggregate have a material adverse effect on the Company’s consolidated financial position. On September 8, 2014 , a jury in the case titled “F&F, LLC and 618 Investment, Inc. v. East West Bank,” Superior Court of the State of California for the County of Los Angeles, Case No. BC462714, delivered a verdict in favor of plaintiff F&F, LLC. The case is being appealed. As of June 30, 2015 and December 31, 2014 , the Company recorded a litigation accrual of $33.5 million and $31.6 million , respectively.

STOCKHOLDERS' EQUITY AND EARNIN

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2015
STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE
STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE	NOTE 13 — STOCKHOLDERS’ EQUITY AND EARNINGS PER SHARE MetroCorp Warrant — The Company completed the acquisition of MetroCorp on January 17, 2014 . Prior to the acquisition, MetroCorp had an outstanding warrant to purchase 771,429 shares of its common stock. Upon the acquisition, the rights of the warrant holder were converted into the right to acquire 230,282 shares of East West’s common stock until January 16, 2019 . The warrant has not been exercised as of June 30, 2015 . Stock Repurchase Program — On July 17, 2013 , the Company’s Board of Directors authorized a stock repurchase program to buy back up to $100.0 million of the Company’s common stock. The Company did not repurchase any shares under this program during the six months ended June 30, 2015 and 2014 . Quarterly Dividends — On April 21, 2015 , dividends for the Company’s common stock were declared for the three months ended June 30, 2015 in the amount of $0.20 per share and paid on May 15, 2015 to stockholders of record on May 1, 2015 . Cash dividends totaling $29.0 million and $26.0 million were paid to the Company’s common shareholders during the three months ended June 30, 2015 and 2014 , respectively. Cash dividends totaling $58.0 million and $52.0 million were paid to the Company’s common shareholders during the six months ended June 30, 2015 and 2014 , respectively. Earnings Per Share (“EPS”) — EPS is calculated using the two-class method. Certain Company instruments containing rights to nonforfeitable dividends granted in stock-based payment transactions are considered participating securities prior to vesting and, therefore, have been included in the earnings allocations to compute basic and diluted EPS. The following tables present EPS calculations for the three and six months ended June 30, 2015 and 2014 : Three Months Ended June 30, 2015 (In thousands, except per share data) Net Income Number of Shares Per Share Amounts Net income $ 98,748 Less: Earnings allocated to participating securities — Basic EPS — income allocated to common stockholders $ 98,748 143,846 $ 0.69 Effect of dilutive securities: Stock options — 1 Restricted stock units 93 470 Warrants — 163 Diluted EPS — income allocated to common stockholders $ 98,841 144,480 $ 0.68 Three Months Ended June 30, 2014 (In thousands, except per share data) Net Income Number of Shares Per Share Amounts Net income (1) $ 84,305 Less: Earnings allocated to participating securities (120 ) Basic EPS — income allocated to common stockholders (1) $ 84,185 143,187 $ 0.59 Effect of dilutive securities: Stock options — 75 Restricted stock units 51 284 Warrants — 143 Diluted EPS — income allocated to common stockholders (1) $ 84,236 143,689 $ 0.59 Six Months Ended June 30, 2015 (In thousands, except per share data) Net Income Number of Shares Per Share Amounts Net income $ 198,775 Less: Earnings allocated to participating securities (3 ) Basic EPS — income allocated to common stockholders $ 198,772 143,751 $ 1.38 Effect of dilutive securities: Stock options — 4 Restricted stock units 197 494 Warrants — 159 Diluted EPS — income allocated to common stockholders $ 198,969 144,408 $ 1.38 Six Months Ended June 30, 2014 (In thousands, except per share data) Net Income Number of Shares Per Share Amounts Net income (1) $ 158,476 Less: Earnings allocated to participating securities (283 ) Basic EPS — income allocated to common stockholders (1) $ 158,193 142,578 $ 1.11 Effect of dilutive securities: Stock options — 77 Restricted stock units 129 359 Warrants — 144 Diluted EPS — income allocated to common stockholders (1) $ 158,322 143,158 $ 1.11 (1) Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information. Anti-dilutive stock options and restricted stock units are not included in the count of weighted average shares outstanding used to compute diluted EPS. Approximately three thousand and two thousand weighted average anti-dilutive restricted stock units were excluded from the diluted EPS computation for the three months ended June 30, 2015 and 2014 , respectively. Approximately three thousand and 61 thousand weighted average anti-dilutive restricted stock units were not included in the diluted EPS computation for the six months ended June 30, 2015 and 2014, respectively. Approximately, 40 thousand weighted average anti-dilutive stock options were excluded from the diluted EPS computation for the six months ended June 30, 2014 . Accumulated Other Comprehensive Income (Loss) — The balance of total accumulated other comprehensive income increase d $1.2 million to $5.4 million as of June 30, 2015 from $4.2 million as of December 31, 2014 . Presented in the following tables are the changes in the components of accumulated other comprehensive income (loss) balances for the three and six months ended June 30, 2015 and 2014 : Three Months Ended June 30, 2015 2014 ($ in thousands) Available-for-Sale Investment Securities Other Investments Accumulated Other Comprehensive Income Available-for-Sale Investment Securities Other Investments Accumulated Other Comprehensive (Loss) Income Balance, beginning of the period $ 13,501 $ 54 $ 13,555 $ (17,099 ) $ 62 $ (17,037 ) Net unrealized (losses) gains arising during the period (4,914 ) 10 (4,904 ) 14,895 (4 ) 14,891 Reclassification adjustment for gains included in net income (3,221 ) — (3,221 ) (389 ) — (389 ) Net change (8,135 ) 10 (8,125 ) 14,506 (4 ) 14,502 Balance, end of the period $ 5,366 $ 64 $ 5,430 $ (2,593 ) $ 58 $ (2,535 ) Six Months Ended June 30, 2015 2014 ($ in thousands) Available-for-Sale Other Accumulated Available-for-Sale Other Accumulated Balance, beginning of the period $ 4,176 $ 61 $ 4,237 $ (30,538 ) $ 79 $ (30,459 ) Net unrealized gains (losses) arising during the period 6,966 3 6,969 30,317 (21 ) 30,296 Reclassification adjustment for gains included in net income (5,776 ) — (5,776 ) (2,372 ) — (2,372 ) Net change 1,190 3 1,193 27,945 (21 ) 27,924 Balance, end of the period $ 5,366 $ 64 $ 5,430 $ (2,593 ) $ 58 $ (2,535 ) For each component of other comprehensive income (loss), the reclassifications to net income by income statement line item and the related tax effects are as follows: Three Months Ended June 30, 2015 2014 ($ in thousands) Before-Tax Amount Tax Expense or Benefit Net-of-Tax Amount Before-Tax Amount Tax Expense or Benefit Net-of-Tax Amount Unrealized (losses) gains on available-for-sale investment securities : Net unrealized (losses) gains arising during the period $ (8,473 ) $ 3,559 $ (4,914 ) $ 25,681 $ (10,786 ) $ 14,895 Reclassification adjustment for gains included in net income (1) (5,554 ) 2,333 (3,221 ) (671 ) 282 (389 ) Net change (14,027 ) 5,892 (8,135 ) 25,010 (10,504 ) 14,506 Unrealized gains (losses) on other investments: Net unrealized gains (losses) arising during the period 18 (8 ) 10 (7 ) 3 (4 ) Reclassification adjustment for (gains) losses included in income — — — — — — Net change 18 (8 ) 10 (7 ) 3 (4 ) Other comprehensive (loss) income $ (14,009 ) $ 5,884 $ (8,125 ) $ 25,003 $ (10,501 ) $ 14,502 Six Months Ended June 30, 2015 2014 ($ in thousands) Before-Tax Tax Net-of-Tax Before-Tax Tax Net-of-Tax Unrealized gains on available-for-sale investment securities : Net unrealized gains arising during the period $ 12,009 $ (5,043 ) $ 6,966 $ 52,271 $ (21,954 ) $ 30,317 Reclassification adjustment for gains included in net income (1) (9,958 ) 4,182 (5,776 ) (4,089 ) 1,717 (2,372 ) Net change 2,051 (861 ) 1,190 48,182 (20,237 ) 27,945 Unrealized gains (losses) on other investments: Net unrealized gains (losses) arising during the period 5 (2 ) 3 (36 ) 15 (21 ) Reclassification adjustment for (gains) losses included in income — — — — — — Net change 5 (2 ) 3 (36 ) 15 (21 ) Other comprehensive income $ 2,056 $ (863 ) $ 1,193 $ 48,146 $ (20,222 ) $ 27,924 (1) The pretax amount is reported in net gains on sales of available-for-sale investment securities in the consolidated statements of income.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 30, 2015
BUSINESS SEGMENTS
BUSINESS SEGMENTS	NOTE 14 — BUSINESS SEGMENTS The Company utilizes an internal reporting system to measure the performance of various operating segments within the Bank and the Company. The Company has identified three operating segments for purposes of management reporting: (1) Retail Banking; (2) Commercial Banking; and (3) Other. These three business divisions meet the criteria of an operating segment: the segment engages in business activities from which it earns revenues and incurs expenses, its operating results are regularly reviewed by the Company’s chief operating decision-maker to render decisions about resources to be allocated to the segment and assess its performance, and discrete financial information is available. The Retail Banking segment focuses primarily on retail operations through the Bank’s branch network. The Commercial Banking segment, which includes CRE, primarily generates commercial loans through the commercial lending offices located in the Bank’s production offices. Furthermore, the Company’s Commercial Banking segment offers a wide variety of international finance and trade services and products. The remaining centralized functions, including treasury activities and eliminations of inter-segment amounts, have been aggregated and included in the “Other” segment, which provides broad administrative support to the two core segments. The Company’s funds transfer pricing assumptions are intended to promote core deposit growth and to reflect the current risk profiles of various loan categories within the credit portfolio. Transfer pricing assumptions and methodologies are reviewed at least annually to ensure that the Company’s process is reflective of current market conditions. The transfer pricing process is formulated with the goal of incenting loan and deposit growth that is consistent with the Company’s overall growth objectives as well as to provide a reasonable and consistent basis for the measurement of the Company’s business segments and product net interest margins. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Operating segment results are based on the Company’s internal management reporting process, which reflects assignments and allocations of certain operating and administrative costs and the provision for loan losses. Net interest income is based on the Company’s internal funds transfer pricing system which assigns a cost of funds or a credit for funds to assets or liabilities based on their type, maturity or repricing characteristics. Noninterest income and noninterest expense, including depreciation and amortization, directly attributable to a segment are assigned to that business segment. Indirect costs, including overhead expense, are allocated to the segments based on several factors, including, but not limited to, full-time equivalent employees, loan volume and deposit volume. The provision for credit losses is allocated based on actual charge-offs for the period as well as average loan balances for each segment during the period. The Company evaluates overall performance based on profit or loss from operations before income taxes excluding nonrecurring gains and losses. Changes in the Company’s management structure or reporting methodologies may result in changes in the measurement of operating segment results. Results for prior periods are generally restated for comparability for changes in management structure or reporting methodologies unless it is not deemed practicable to do so. The following tables present the operating results and other key financial measures for the individual operating segments for the three and six months ended June 30, 2015 and 2014 : Three Months Ended June 30, 2015 ($ in thousands) Retail Banking Commercial Banking Other Total Interest income $ 82,729 $ 157,337 $ 15,379 $ 255,445 Charge for funds used (21,357 ) (38,328 ) (13,723 ) (73,408 ) Interest spread on funds used 61,372 119,009 1,656 182,037 Interest expense (12,996 ) (4,710 ) (10,247 ) (27,953 ) Credit on funds provided 60,950 7,995 4,463 73,408 Interest spread on funds provided 47,954 3,285 (5,784 ) 45,455 Net interest income (loss) $ 109,326 $ 122,294 $ (4,128 ) $ 227,492 (Reversal of) provision for loan losses $ (3,454 ) $ 6,948 $ — $ 3,494 Depreciation, amortization and accretion (1) $ 3,235 $ (6,054 ) $ 8,938 $ 6,119 Goodwill $ 357,207 $ 112,226 $ — $ 469,433 Segment pre-tax profit (loss) $ 55,349 $ 97,269 $ (8,197 ) $ 144,421 Segment assets $ 7,373,641 $ 16,141,368 $ 6,549,063 $ 30,064,072 Three Months Ended June 30, 2014 ($ in thousands) Retail Banking Commercial Banking Other Total Interest income $ 99,792 $ 181,880 $ 12,770 $ 294,442 Charge for funds used (23,854 ) (34,281 ) (9,929 ) (68,064 ) Interest spread on funds used 75,938 147,599 2,841 226,378 Interest expense (11,950 ) (3,421 ) (12,621 ) (27,992 ) Credit on funds provided 54,139 8,983 4,942 68,064 Interest spread on funds provided 42,189 5,562 (7,679 ) 40,072 Net interest income (loss) $ 118,127 $ 153,161 $ (4,838 ) $ 266,450 (Reversal of) provision for loan losses $ (440 ) $ 8,440 $ — $ 8,000 Depreciation, amortization and accretion (1) (2) $ 4,096 $ (1,286 ) $ 12,148 $ 14,958 Goodwill $ 354,163 $ 104,304 $ — $ 458,467 Segment pre-tax profit (loss) (2) $ 48,939 $ 77,844 $ (3,817 ) $ 122,966 Segment assets (2) $ 7,822,020 $ 14,177,634 $ 5,557,346 $ 27,557,000 (1) Includes amortization and accretion related to the FDIC indemnification asset. (2) Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information. Six Months Ended June 30, 2015 ($ in thousands) Retail Banking Commercial Banking Other Total Interest income $ 170,175 $ 316,122 $ 32,409 $ 518,706 Charge for funds used (44,656 ) (75,678 ) (23,168 ) (143,502 ) Interest spread on funds used 125,519 240,444 9,241 375,204 Interest expense (25,219 ) (8,973 ) (21,305 ) (55,497 ) Credit on funds provided 118,618 16,010 8,874 143,502 Interest spread on funds provided 93,399 7,037 (12,431 ) 88,005 Net interest income (loss) $ 218,918 $ 247,481 $ (3,190 ) $ 463,209 (Reversal of) provision for loan losses $ (2,723 ) $ 11,204 $ — $ 8,481 Depreciation, amortization and accretion (1) $ 4,917 $ (16,531 ) $ 21,860 $ 10,246 Goodwill $ 357,207 $ 112,226 $ — $ 469,433 Segment pre-tax profit (loss) $ 108,284 $ 190,444 $ (7,481 ) $ 291,247 Segment assets $ 7,373,641 $ 16,141,368 $ 6,549,063 $ 30,064,072 Six Months Ended June 30, 2014 ($ in thousands) Retail Banking Commercial Banking Other Total Interest income $ 198,517 $ 350,956 $ 31,142 $ 580,615 Charge for funds used (48,150 ) (66,098 ) (14,312 ) (128,560 ) Interest spread on funds used 150,367 284,858 16,830 452,055 Interest expense (23,661 ) (6,701 ) (25,837 ) (56,199 ) Credit on funds provided 102,332 17,419 8,809 128,560 Interest spread on funds provided 78,671 10,718 (17,028 ) 72,361 Net interest income (loss) $ 229,038 $ 295,576 $ (198 ) $ 524,416 Provision for loan losses $ 2,212 $ 12,721 $ — $ 14,933 Depreciation, amortization and accretion (1) (2) $ 6,667 $ (4,614 ) $ 21,968 $ 24,021 Goodwill $ 354,163 $ 104,304 $ — $ 458,467 Segment pre-tax profit (loss) (2) $ 93,355 $ 154,769 $ (8,995 ) $ 239,129 Segment assets (2) $ 7,822,020 $ 14,177,634 $ 5,557,346 $ 27,557,000 (1) Includes amortization and accretion related to the FDIC indemnification asset. (2) Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2015
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 15 — SUBSEQUENT EVENTS Dividend Payout In July 2015 , the Company’s Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s common stock payable on August 17, 2015 to shareholders of record as of August 3, 2015 .

FAIR VALUE MEASUREMENT AND FA24

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS
Assets (Liabilities) Measured at Fair Value on a Recurring Basis	Assets (Liabilities) Measured at Fair Value on a Recurring Basis ($ in thousands) Fair Value Measurements June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available-for-sale investment securities: U.S. Treasury securities $ 1,200,111 $ 1,200,111 $ — $ — U.S. government agency and U.S. government sponsored enterprise debt securities 424,863 — 424,863 — U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 187,388 — 187,388 — Residential mortgage-backed securities 688,712 — 688,712 — Municipal securities 206,422 — 206,422 — Other residential mortgage-backed securities: Investment grade 61,908 — 61,908 — Corporate debt securities: Investment grade 156,978 — 156,978 — Non-investment grade 10,025 — 10,025 — Other securities 45,739 35,534 10,205 — Total available-for-sale investment securities $ 2,982,146 $ 1,235,645 $ 1,746,501 $ — Derivative assets: Interest rate swaps and caps $ 44,424 $ — $ 44,424 $ — Foreign exchange contracts $ 11,044 $ — $ 11,044 $ — Derivative liabilities: Interest rate swaps on certificates of deposit $ (8,177 ) $ — $ (8,177 ) $ — Interest rate swaps and caps $ (43,810 ) $ — $ (43,810 ) $ — Foreign exchange contracts $ (10,186 ) $ — $ (10,186 ) $ — Assets (Liabilities) Measured at Fair Value on a Recurring Basis ($ in thousands) Fair Value Measurements December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available-for-sale investment securities: U.S. Treasury securities $ 873,435 $ 873,435 $ — $ — U.S. government agency and U.S. government sponsored enterprise debt securities 311,024 — 311,024 — U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 141,420 — 141,420 — Residential mortgage-backed securities 791,088 — 791,088 — Municipal securities 250,448 — 250,448 — Other residential mortgage-backed securities: Investment grade 53,918 — 53,918 — Other commercial mortgage-backed securities: Investment grade 34,053 — 34,053 — Corporate debt securities: Investment grade 115,182 — 115,182 — Non-investment grade 14,681 — 8,153 6,528 Other securities 41,116 32,105 9,011 — Total available-for-sale investment securities $ 2,626,365 $ 905,540 $ 1,714,297 $ 6,528 Derivative assets: Foreign exchange options $ 6,136 $ — $ 6,136 $ — Interest rate swaps and caps $ 41,534 $ — $ 41,534 $ — Foreign exchange contracts $ 8,118 $ — $ 8,118 $ — Derivative liabilities: Interest rate swaps on certificates of deposit $ (9,922 ) $ — $ (9,922 ) $ — Interest rate swaps and caps $ (41,779 ) $ — $ (41,779 ) $ — Foreign exchange contracts $ (9,163 ) $ — $ (9,163 ) $ — Embedded derivative liabilities $ (3,392 ) $ — $ — $ (3,392 )
Reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs	Three Months Ended June 30, 2015 2014 ($ in thousands) Corporate Debt Securities: Non-Investment Grade Embedded Derivative Liabilities Corporate Debt Securities: Non-Investment Grade Embedded Derivative Liabilities Beginning balance, April 1 $ — $ (3,412 ) $ 6,717 $ (3,398 ) Total gains for the period: Included in earnings (1) — — — 36 Included in other comprehensive income (unrealized) (2) — — 1,209 — Purchases, issues, sales, settlements: Purchases — — — — Issues — — — — Sales — — — — Settlements — 3,412 (9 ) — Transfer from investment grade to non-investment grade — — — — Transfers in and/or out of Level 3 — — — — Ending balance, June 30 $ — $ — $ 7,917 $ (3,362 ) Changes in unrealized gains included in earnings relating to assets and liabilities held at the end of June 30 $ — $ — $ — $ (36 ) Six Months Ended June 30, 2015 2014 ($ in thousands) Corporate Debt Securities: Non-Investment Grade Embedded Derivative Liabilities Corporate Debt Securities: Non-Investment Grade Embedded Derivative Liabilities Beginning balance, January 1 $ 6,528 $ (3,392 ) $ 6,371 $ (3,655 ) Total gains or (losses) for the period: Included in earnings (1) 960 (20 ) 293 Included in other comprehensive income (unrealized) (2) 922 — 1,643 — Purchases, issues, sales, settlements: Purchases — — — — Issues — — — — Sales (7,219 ) — — — Settlements (98 ) 3,412 (97 ) — Transfer from investment grade to non-investment grade — — — — Transfers in and/or out of Level 3 (1,093 ) — — — Ending balance, June 30 $ — $ — $ 7,917 $ (3,362 ) Changes in unrealized gains included in earnings relating to assets and liabilities held at the end of June 30 $ — $ — $ — $ (293 ) (1) Realized gains or losses of corporate debt securities and embedded derivative liabilities are included in net gains on sales of investment securities and other operating expense, respectively, in the consolidated statements of income. (2) Unrealized gains or losses on available-for-sale investment securities are reported in other comprehensive income, net of tax, in the consolidated statements of comprehensive income.
Assets Measured at Fair Value on a Nonrecurring Basis	Assets Measured at Fair Value on a Nonrecurring Basis ($ in thousands) Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Non-PCI impaired loans: Commercial Real Estate (“CRE”) $ 14,641 $ — $ — $ 14,641 Commercial and Industrial (“C&I”) 43,138 — — 43,138 Residential 15,104 — — 15,104 Consumer 608 — — 608 Total non-PCI impaired loans $ 73,491 $ — $ — $ 73,491 OREO $ 3,848 $ — $ — $ 3,848 Loans held for sale $ 33,719 $ — $ 33,719 $ — Assets Measured at Fair Value on a Nonrecurring Basis ($ in thousands) Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Non-PCI impaired loans: CRE $ 26,089 $ — $ — $ 26,089 C&I 16,581 — — 16,581 Residential 25,034 — — 25,034 Consumer 107 — — 107 Total non-PCI impaired loans $ 67,811 $ — $ — $ 67,811 OREO $ 17,521 $ — $ — $ 17,521
Summary of increase (decrease) in value of certain assets for which a nonrecurring fair value adjustment has been recognized	Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2015 2014 2015 2014 Non-PCI impaired loans: CRE $ (445 ) $ 1,865 $ (905 ) $ 1,376 C&I (6,454 ) (9,642 ) (9,303 ) (11,705 ) Residential (216 ) 413 (341 ) 27 Consumer (1 ) — (1 ) — Total non-PCI impaired loans $ (7,116 ) $ (7,364 ) $ (10,550 ) $ (10,302 ) OREO $ (200 ) $ (69 ) $ (258 ) $ (595 ) Loans held for sale $ (517 ) $ — $ (517 ) $ —
Carrying amounts and fair values of financial instruments	June 30, 2015 ($ in thousands) Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Financial Assets: Cash and cash equivalents $ 1,877,914 $ 1,877,914 $ — $ — $ 1,877,914 Short-term investments $ 274,838 $ — $ 274,838 $ — $ 274,838 Securities purchased under resale agreements (“resale agreements”) $ 1,100,000 $ — $ 1,091,775 $ — $ 1,091,775 Loans held for sale $ 195,427 $ — $ 197,813 $ — $ 197,813 Loans receivable, net $ 21,697,435 $ — $ — $ 21,460,209 $ 21,460,209 Investment in Federal Home Loan Bank (“FHLB”) stock $ 18,155 $ — $ 18,155 $ — $ 18,155 Investment in Federal Reserve Bank stock $ 54,675 $ — $ 54,675 $ — $ 54,675 Accrued interest receivable $ 81,575 $ — $ 81,575 $ — $ 81,575 Financial Liabilities: Customer deposit accounts: Demand, savings and money market deposits $ 18,872,270 $ — $ 18,872,270 $ — $ 18,872,270 Time deposits $ 6,655,950 $ — $ 6,640,165 $ — $ 6,640,165 Short-term borrowings $ 3,271 $ — $ 3,271 $ — $ 3,271 FHLB advances $ 318,322 $ — $ 334,284 $ — $ 334,284 Securities sold under repurchase agreements (“repurchase agreements”) $ 400,000 $ — $ 388,498 $ — $ 388,498 Accrued interest payable $ 10,762 $ — $ 10,762 $ — $ 10,762 Long-term debt $ 215,964 $ — $ 193,157 $ — $ 193,157 December 31, 2014 ($ in thousands) Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Financial Assets: Cash and cash equivalents $ 1,039,885 $ 1,039,885 $ — $ — $ 1,039,885 Short-term investments $ 338,714 $ — $ 338,714 $ — $ 338,714 Resale agreements $ 1,225,000 $ — $ 1,191,060 $ — $ 1,191,060 Loans held for sale $ 45,950 $ — $ 45,950 $ — $ 45,950 Loans receivable, net $ 21,468,270 $ — $ — $ 20,997,379 $ 20,997,379 Investment in FHLB stock $ 31,239 $ — $ 31,239 $ — $ 31,239 Investment in Federal Reserve Bank stock $ 54,451 $ — $ 54,451 $ — $ 54,451 Accrued interest receivable $ 88,303 $ — $ 88,303 $ — $ 88,303 Financial Liabilities: Customer deposit accounts: Demand, savings and money market deposits $ 17,896,035 $ — $ 17,896,035 $ — $ 17,896,035 Time deposits $ 6,112,739 $ — $ 6,095,217 $ — $ 6,095,217 FHLB advances $ 317,241 $ — $ 336,302 $ — $ 336,302 Repurchase agreements $ 795,000 $ — $ 870,434 $ — $ 870,434 Accrued interest payable $ 11,303 $ — $ 11,303 $ — $ 11,303 Long-term debt $ 225,848 $ — $ 205,777 $ — $ 205,777
Fair Value, Measurements, Recurring
Quantitative information
Schedule of quantitative information about significant unobservable inputs used in the valuation of assets and liabilities classified as Level 3	($ in thousands) Fair Value Measurements (Level 3) Valuation Technique(s) Unobservable Input(s) Range of Inputs Weighted Average December 31, 2014 Available-for-sale investment securities: Corporate debt securities: Non-investment grade $ 6,528 Discounted cash flow Constant prepayment rate 0.00% - 1.00% 0.73% Constant default rate 0.75% - 1.20% 0.87% Loss severity 85.00% 85.00% Discount margin 4.50% - 7.50% 6.94% Embedded derivative liabilities $ (3,392 ) Discounted cash flow Credit risk 0.12% - 0.14% 0.13%
Fair Value, Measurements, Nonrecurring
Quantitative information
Schedule of quantitative information about significant unobservable inputs used in the valuation of assets and liabilities classified as Level 3	($ in thousands) Fair Value Measurements (Level 3) Valuation Technique(s) Unobservable Input(s) Range of Inputs Weighted Average June 30, 2015 Non-PCI impaired loans $ 34,095 Discounted cash flow Discount rate 0% - 89% 33% $ 39,396 Market comparables Discount rate (1) 0% - 100% 17% OREO $ 3,848 Appraisal Selling cost 8% 8% December 31, 2014 Non-PCI impaired loans $ 11,499 Discounted cash flow Discount rate 0% - 81% 49% $ 56,312 Market comparables Discount rate (1) 0% - 100% 4% OREO $ 17,521 Appraisal Selling cost 8% 8% (1) Discount rate is adjusted for factors such as liquidation cost of collateral and selling costs.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2015
STOCK-BASED COMPENSATION
Schedule of stock compensation expense and related net tax benefit	Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Compensation expense related to restricted stock awards $ 3,698 $ 3,565 $ 7,652 $ 6,745 Net tax benefit recognized in equity for stock compensation plans $ 51 $ 79 $ 3,196 $ 3,787
Schedule of time-based and performance-based restricted stock awards activity	June 30, 2015 Restricted Stock Awards Time-Based Performance-Based Shares Weighted Average Price Shares Weighted Average Price Outstanding at beginning of period 751,020 $ 30.61 518,553 $ 29.64 Granted 430,078 40.07 149,284 39.95 Vested (213,625 ) 23.32 (144,445 ) 22.05 Forfeited (37,221 ) 36.14 — — Outstanding at end of period 930,252 $ 36.44 523,392 $ 35.64

RESALE AND REPURCHASE AGREEME26

RESALE AND REPURCHASE AGREEMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
RESALE AND REPURCHASE AGREEMENTS
Schedule of balance sheet offsetting for resale agreements and repurchase agreements	($ in thousands) As of June 30, 2015 Gross Amounts Gross Amounts Net Amounts of Assets Presented on the Gross Amounts Not Offset on the Assets Financial Collateral Net Amount Resale agreements $ 1,595,000 $ (495,000 ) $ 1,100,000 $ — $ (1,093,636 ) (1) $ 6,364 Gross Amounts Gross Amounts Net Amounts of Liabilities Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Liabilities Financial Collateral Net Amount Repurchase agreements $ 895,000 $ (495,000 ) $ 400,000 $ — $ (400,000 ) (2) $ — ($ in thousands) As of December 31, 2014 Gross Amounts Gross Amounts Net Amounts of Assets Presented on the Gross Amounts Not Offset on the Assets Financial Collateral Net Amount Resale agreements $ 1,425,000 $ (200,000 ) $ 1,225,000 $ (425,000 ) (3) $ (797,172 ) (1) $ 2,828 Gross Amounts Gross Amounts Net Amounts of Liabilities Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Liabilities Financial Collateral Net Amount Repurchase agreements $ 995,000 $ (200,000 ) $ 795,000 $ (425,000 ) (3) $ (370,000 ) (2) $ — (1) Represents the fair value of securities the Company has received under resale agreements, limited for table presentation purposes to the amount of the recognized asset due from each counterparty. (2) Represents the fair value of securities the Company has pledged under repurchase agreements, limited for table presentation purposes to the amount of the recognized liability owed to each counterparty. (3) Includes financial instruments subject to enforceable master netting arrangements that are not permitted to be offset under ASC 210-20-45 but would be eligible for offsetting to the extent an event of default has occurred.

AVAILABLE-FOR-SALE INVESTMENT27

AVAILABLE-FOR-SALE INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2015
AVAILABLE-FOR-SALE INVESTMENT SECURITIES
Schedule of amortized cost, gross unrealized gains, gross unrealized losses and fair value by major categories of available-for-sale investment securities	($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2015 Available-for-sale investment securities: U.S. Treasury securities $ 1,194,790 $ 5,493 $ (172 ) $ 1,200,111 U.S. government agency and U.S. government sponsored enterprise debt securities 425,495 584 (1,216 ) 424,863 U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 187,831 502 (945 ) 187,388 Residential mortgage-backed securities 682,740 9,043 (3,071 ) 688,712 Municipal securities 205,703 3,580 (2,861 ) 206,422 Other residential mortgage-backed securities: Investment grade (1) 61,737 466 (295 ) 61,908 Corporate debt securities: Investment grade (1) 157,200 336 (558 ) 156,978 Non-investment grade (1) 11,525 — (1,500 ) 10,025 Other securities 45,914 157 (332 ) 45,739 Total available-for-sale investment securities $ 2,972,935 $ 20,161 $ (10,950 ) $ 2,982,146 December 31, 2014 Available-for-sale investment securities: U.S. Treasury securities $ 873,101 $ 1,971 $ (1,637 ) $ 873,435 U.S. government agency and U.S. government sponsored enterprise debt securities 311,927 490 (1,393 ) 311,024 U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 140,957 1,056 (593 ) 141,420 Residential mortgage-backed securities 785,412 9,754 (4,078 ) 791,088 Municipal securities 245,408 6,202 (1,162 ) 250,448 Other residential mortgage-backed securities: Investment grade (1) 52,694 1,359 (135 ) 53,918 Other commercial mortgage-backed securities: Investment grade (1) 34,000 53 — 34,053 Corporate debt securities: Investment grade (1) 116,236 — (1,054 ) 115,182 Non-investment grade (1) 17,881 — (3,200 ) 14,681 Other securities 41,589 243 (716 ) 41,116 Total available-for-sale investment securities $ 2,619,205 $ 21,128 $ (13,968 ) $ 2,626,365 (1) Available-for-sale investment securities rated BBB- or higher by S&P or Baa3 or higher by Moody’s are considered investment grade. Conversely, available-for-sale investment securities rated lower than BBB- by S&P or lower than Baa3 by Moody’s are considered non-investment grade.
Schedule of sales of available-for-sale investment securities	Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Proceeds from sales $ 292,561 $ 21,611 $ 473,062 $ 351,842 Gross realized gains $ 5,554 $ 671 $ 9,958 $ 4,216 Gross realized losses $ — $ — $ — $ 127 (1) Related tax expense $ 2,333 $ 282 $ 4,182 $ 1,717 (1) The gross $127 thousand of losses resulted from the available-for-sale investment securities acquired from MetroCorp which were sold immediately after the acquisition closed.
Schedule of other than temporary impairment credit losses recognized in earnings	Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Beginning balance $ 106,688 $ 115,511 $ 112,338 $ 115,511 Addition of OTTI previously not recognized — — — — Additional increases to the amount related to the credit loss for which an OTTI was previously recognized — — — — Reduction for securities sold — — (5,650 ) — Ending balance $ 106,688 $ 115,511 $ 106,688 $ 115,511
Gross unrealized losses and related fair values of available-for-sale investment securities	Less Than 12 Months 12 Months or More Total ($ in thousands) Fair Value Gross Fair Value Gross Fair Value Gross June 30, 2015 Available-for-sale investment securities: U.S. Treasury securities $ 61,141 $ (30 ) $ 50,766 $ (142 ) $ 111,907 $ (172 ) U.S. government agency and U.S. government sponsored enterprise debt securities 256,518 (1,106 ) 24,887 (110 ) 281,405 (1,216 ) U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 86,572 (504 ) 21,982 (441 ) 108,554 (945 ) Residential mortgage-backed securities 135,426 (1,115 ) 96,853 (1,956 ) 232,279 (3,071 ) Municipal securities 52,924 (1,906 ) 15,262 (955 ) 68,186 (2,861 ) Other residential mortgage-backed securities: Investment grade 5,684 (16 ) 6,589 (279 ) 12,273 (295 ) Corporate debt securities: Investment grade 10,050 (36 ) 90,618 (522 ) 100,668 (558 ) Non-investment grade — — 10,025 (1,500 ) 10,025 (1,500 ) Other securities 18,047 (53 ) 8,721 (279 ) 26,768 (332 ) Total available-for-sale investment securities $ 626,362 $ (4,766 ) $ 325,703 $ (6,184 ) $ 952,065 $ (10,950 ) Less Than 12 Months 12 Months or More Total ($ in thousands) Fair Value Gross Fair Value Gross Fair Value Gross December 31, 2014 Available-for-sale investment securities: U.S. Treasury securities $ 170,260 $ (266 ) $ 163,800 $ (1,371 ) $ 334,060 $ (1,637 ) U.S. government agency and U.S. government sponsored enterprise debt securities 69,438 (504 ) 124,104 (889 ) 193,542 (1,393 ) U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities: Commercial mortgage-backed securities 45,405 (257 ) 16,169 (336 ) 61,574 (593 ) Residential mortgage-backed securities 81,927 (270 ) 241,047 (3,808 ) 322,974 (4,078 ) Municipal securities 6,391 (26 ) 61,107 (1,136 ) 67,498 (1,162 ) Other residential mortgage-backed securities: Investment grade — — 7,217 (135 ) 7,217 (135 ) Corporate debt securities: Investment grade 25,084 (12 ) 90,098 (1,042 ) 115,182 (1,054 ) Non-investment grade — — 14,681 (3,200 ) 14,681 (3,200 ) Other securities 15,885 (716 ) — — 15,885 (716 ) Total available-for-sale investment securities $ 414,390 $ (2,051 ) $ 718,223 $ (11,917 ) $ 1,132,613 $ (13,968 )
Scheduled maturities of available-for-sale investment securities	($ in thousands) Amortized Cost Fair Value Due within one year $ 432,277 $ 430,898 Due after one year through five years 1,407,326 1,414,615 Due after five years through ten years 328,129 325,541 Due after ten years 805,203 811,092 Total available-for-sale investment securities $ 2,972,935 $ 2,982,146

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2015
DERIVATIVES
Notional and fair values of derivative instruments	Fair Values of Derivative Instruments June 30, 2015 December 31, 2014 Notional Amount Fair Value Notional Amount Fair Value ($ in thousands) Derivative Assets (1) Derivative Liabilities (1) Derivative Assets (1) Derivative Liabilities (1) Derivatives designated as hedging instruments: Interest rate swaps on certificates of deposit $ 116,642 $ — $ 8,177 $ 132,667 $ — $ 9,922 Total derivatives designated as hedging instruments $ 116,642 $ — $ 8,177 $ 132,667 $ — $ 9,922 Derivatives not designated as hedging instruments: Foreign exchange options $ — $ — $ — $ 85,614 $ 6,136 $ — Embedded derivative liabilities — — — 47,838 — 3,392 Interest rate swaps and caps 5,403,687 44,424 43,810 4,858,391 41,534 41,779 Foreign exchange contracts 1,032,447 11,044 10,186 680,629 8,118 9,163 Total derivatives not designated as hedging instruments $ 6,436,134 $ 55,468 $ 53,996 $ 5,672,472 $ 55,788 $ 54,334 (1) Derivative assets are included in Other Assets. Derivative liabilities are included in Accrued Expenses and Other liabilities, and Interest-Bearing Deposits.
Net gains (losses) recognized in the Income Statement related to derivatives designated as hedging instruments	Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Gains (losses) recorded in interest expense Recognized on interest rate swaps $ (2,291 ) $ 3,045 $ 757 $ 5,750 Recognized on certificates of deposit 2,294 (2,454 ) (401 ) (5,390 ) Net amount recognized on fair value hedges (ineffective portion) $ 3 $ 591 $ 356 $ 360
Net gains (losses) recognized in the Income Statement related to derivatives not designated as hedging instruments	Location in Consolidated Statements of Income Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Derivatives not designated as hedging instruments: Foreign exchange options Foreign exchange income $ 37 $ 173 $ 236 $ 54 Embedded derivative liabilities Other operating expense 5 (3 ) (136 ) (2 ) Interest rate swaps and caps Other operating income 1,215 (130 ) 621 (1,066 ) Foreign exchange contracts Foreign exchange income 908 (500 ) 2,216 (2,629 ) Total net gains (losses) $ 2,165 $ (460 ) $ 2,937 $ (3,643 )
Balance sheet offsetting of derivative assets and liabilities	($ in thousands) As of June 30, 2015 Gross Amounts of Recognized Assets Gross Amounts Offset on the Consolidated Balance Sheet Net Amounts of Assets Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Assets Financial Instruments Collateral Received Net Amount Derivatives $ 10,752 $ — $ 10,752 $ (4,702 ) (1) $ (5,330 ) (2) $ 720 Gross Amounts of Recognized Liabilities Gross Amounts Offset on the Consolidated Balance Sheet Net Amounts of Liabilities Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Liabilities Financial Instruments Collateral Posted Net Amount Derivatives $ 54,746 $ — $ 54,746 $ (4,702 ) (1) $ (49,308 ) (3) $ 736 ($ in thousands) As of December 31, 2014 Gross Amounts of Recognized Assets Gross Amounts Offset on the Consolidated Balance Sheet Net Amounts of Assets Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Assets Financial Instruments Collateral Received Net Amount Derivatives $ 12,383 $ — $ 12,383 $ (5,718 ) (1) $ (3,460 ) (2) $ 3,205 Gross Amounts of Recognized Liabilities Gross Amounts Offset on the Consolidated Balance Sheet Net Amounts of Liabilities Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Liabilities Financial Instruments Collateral Posted Net Amount Derivatives $ 56,493 $ — $ 56,493 $ (5,718 ) (1) $ (49,948 ) (3) $ 827 (1) Represents the netting of derivative receivable and payable balances for the same counterparty under enforceable master netting arrangements if the Company has elected to net. (2) Represents $5.3 million and $3.5 million of cash collateral received against derivative assets with the same counterparty that are subject to enforceable master netting arrangements as of June 30, 2015 and December 31, 2014 , respectively. (3) Represents cash and securities pledged against derivative liabilities with the same counterparty that are subject to enforceable master netting arrangements. Includes approximately $14.5 million and $12.5 million of cash collateral posted as of June 30, 2015 and December 31, 2014 , respectively. Refer to Note 4 for fair value measurement disclosures on derivatives.

LOANS RECEIVABLE AND ALLOWANC29

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2015
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Schedule of the composition of Non-PCI and PCI loans	June 30, 2015 December 31, 2014 ($ in thousands) Non-PCI Loans PCI Loans (1) Total (1) Non-PCI Loans PCI Loans (1) Total (1) CRE: Income Producing $ 6,087,661 $ 626,504 $ 6,714,165 $ 5,568,046 $ 688,013 $ 6,256,059 Construction 370,323 7,451 377,774 319,843 12,444 332,287 Land 182,337 12,597 194,934 214,327 16,840 231,167 Total CRE 6,640,321 646,552 7,286,873 6,102,216 717,297 6,819,513 C&I: Commercial business 7,311,273 66,332 7,377,605 7,097,853 83,336 7,181,189 Trade finance 768,279 4,780 773,059 889,728 6,284 896,012 Total C&I 8,079,552 71,112 8,150,664 7,987,581 89,620 8,077,201 Residential: Single-family 3,119,679 203,473 3,323,152 3,647,262 219,519 3,866,781 Multifamily 1,250,436 224,044 1,474,480 1,184,017 265,891 1,449,908 Total residential 4,370,115 427,517 4,797,632 4,831,279 485,410 5,316,689 Consumer 1,702,822 26,621 1,729,443 1,483,956 29,786 1,513,742 Total loans $ 20,792,810 $ 1,171,802 $ 21,964,612 $ 20,405,032 $ 1,322,113 $ 21,727,145 Unearned fees, premiums, and discounts, net (5,948 ) — (5,948 ) 2,804 — 2,804 Allowance for loan losses (260,617 ) (612 ) (261,229 ) (260,965 ) (714 ) (261,679 ) Loans, net $ 20,526,245 $ 1,171,190 $ 21,697,435 $ 20,146,871 $ 1,321,399 $ 21,468,270 (1) Loans net of ASC 310-30 discount.
Summary of credit risk rating by portfolio segment	($ in thousands) Pass/Watch Special Mention Substandard Doubtful Loss Total Non-PCI Loans June 30, 2015 CRE: Income producing $ 5,810,946 $ 48,382 $ 228,333 $ — $ — $ 6,087,661 Construction 366,869 — 3,454 — — 370,323 Land 159,751 — 22,586 — — 182,337 C&I: Commercial business 6,978,635 162,020 166,851 3,767 — 7,311,273 Trade finance 726,648 19,193 22,438 — — 768,279 Residential: Single-family 3,095,832 5,627 18,220 — — 3,119,679 Multifamily 1,186,826 985 62,625 — — 1,250,436 Consumer 1,698,617 1,359 2,846 — — 1,702,822 Total $ 20,024,124 $ 237,566 $ 527,353 $ 3,767 $ — $ 20,792,810 ($ in thousands) Pass/Watch Special Mention Substandard Doubtful Loss Total Non-PCI Loans December 31, 2014 CRE: Income producing $ 5,243,640 $ 54,673 $ 269,733 $ — $ — $ 5,568,046 Construction 310,259 11 9,573 — — 319,843 Land 185,220 5,701 23,406 — — 214,327 C&I: Commercial business 6,836,914 130,319 130,032 533 55 7,097,853 Trade finance 845,889 13,031 30,808 — — 889,728 Residential: Single-family 3,627,491 3,143 16,628 — — 3,647,262 Multifamily 1,095,982 5,124 82,911 — — 1,184,017 Consumer 1,480,208 1,005 2,743 — — 1,483,956 Total $ 19,625,603 $ 213,007 $ 565,834 $ 533 $ 55 $ 20,405,032 ($ in thousands) Pass/Watch Special Mention Substandard Doubtful Total PCI Loans June 30, 2015 CRE: Income producing $ 505,872 $ 6,920 $ 113,712 $ — $ 626,504 Construction 584 — 6,867 — 7,451 Land 10,333 — 2,264 — 12,597 C&I: Commercial business 58,216 930 7,186 — 66,332 Trade finance 3,073 — 1,707 — 4,780 Residential: Single-family 198,113 957 4,403 — 203,473 Multifamily 193,061 664 30,319 — 224,044 Consumer 26,018 113 490 — 26,621 Total (1) $ 995,270 $ 9,584 $ 166,948 $ — $ 1,171,802 (1) Loans net of ASC 310-30 discount. ($ in thousands) Pass/Watch Special Mention Substandard Doubtful Total PCI Loans December 31, 2014 CRE: Income producing $ 534,015 $ 9,960 $ 144,038 $ — $ 688,013 Construction 589 1,744 10,111 — 12,444 Land 7,012 5,391 4,437 — 16,840 C&I: Commercial business 70,586 1,103 11,647 — 83,336 Trade finance 4,620 — 1,664 — 6,284 Residential: Single-family 213,829 374 5,316 — 219,519 Multifamily 230,049 — 35,842 — 265,891 Consumer 29,026 116 644 — 29,786 Total (1) $ 1,089,726 $ 18,688 $ 213,699 $ — $ 1,322,113 (1) Loans net of ASC 310-30 discount.
Schedule of aging analysis on non-PCI loans	($ in thousands) Accruing Loans 30-59 Days Past Due Accruing Loans 60-89 Days Past Due Total Accruing Past Due Loans Nonaccrual Loans Less Than 90 Days Past Due Nonaccrual Loans 90 or More Days Past Due Total Nonaccrual Loans Current Accruing Loans Total Non-PCI Loans June 30, 2015 CRE: Income producing $ 6,761 $ 3,762 $ 10,523 $ 18,858 $ 12,193 $ 31,051 $ 6,046,087 $ 6,087,661 Construction 4,982 — 4,982 14 — 14 365,327 370,323 Land 5,701 — 5,701 308 4,743 5,051 171,585 182,337 C&I: Commercial business 2,973 11,429 14,402 6,987 23,508 30,495 7,266,376 7,311,273 Trade finance 2,500 470 2,970 — — — 765,309 768,279 Residential: Single-family 8,081 4,167 12,248 2,736 5,713 8,449 3,098,982 3,119,679 Multifamily 945 1,999 2,944 10,034 1,375 11,409 1,236,083 1,250,436 Consumer 2,839 959 3,798 163 525 688 1,698,336 1,702,822 Total $ 34,782 $ 22,786 $ 57,568 $ 39,100 $ 48,057 $ 87,157 $ 20,648,085 $ 20,792,810 Unearned fees, premiums and discounts, net (5,948 ) Total recorded investment in non-PCI loans $ 20,786,862 ($ in thousands) Accruing Loans 30-59 Days Past Due Accruing Loans 60-89 Days Past Due Total Accruing Past Due Loans Nonaccrual Loans Less Than 90 Days Past Due Nonaccrual Loans 90 or More Days Past Due Total Nonaccrual Loans Current Accruing Loans Total Non-PCI Loans December 31, 2014 CRE: Income producing $ 14,171 $ 3,593 $ 17,764 $ 19,348 $ 9,165 $ 28,513 $ 5,521,769 $ 5,568,046 Construction — — — 15 6,898 6,913 312,930 319,843 Land — — — 221 2,502 2,723 211,604 214,327 C&I: Commercial business 3,187 4,361 7,548 6,623 21,813 28,436 7,061,869 7,097,853 Trade finance — — — 73 292 365 889,363 889,728 Residential: Single-family 6,381 1,294 7,675 2,861 5,764 8,625 3,630,962 3,647,262 Multifamily 4,425 507 4,932 12,460 8,359 20,819 1,158,266 1,184,017 Consumer 2,154 162 2,316 169 3,699 3,868 1,477,772 1,483,956 Total $ 30,318 $ 9,917 $ 40,235 $ 41,770 $ 58,492 $ 100,262 $ 20,264,535 $ 20,405,032 Unearned fees, premiums and discounts, net 2,804 Total recorded investment in non-PCI loans $ 20,407,836
Summary of additions to non-PCI troubled debt restructurings	Loans Modified as TDRs During the Three Months Ended June 30, 2015 2014 ($ in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (1) Financial Impact (2) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (1) Financial Impact (2) CRE: Income producing — $ — $ — $ — 2 $ 5,318 $ 5,254 $ — Land 1 $ 171 $ 100 $ 102 — $ — $ — $ — C&I: Commercial business 12 $ 37,924 $ 38,117 $ 5,465 2 $ 1,165 $ 1,155 $ 563 Residential: Single-family — $ — $ — $ — 1 $ 1,032 $ 1,030 $ — Multifamily — $ — $ — $ — 1 $ 2,513 $ 2,973 $ — Loans Modified as TDRs During the Six Months Ended June 30, 2015 2014 ($ in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (1) Financial Impact (2) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (1) Financial Impact (2) CRE: Income producing 1 $ 828 $ 818 $ — 2 $ 5,318 $ 5,254 $ — Land 1 $ 171 $ 100 $ 102 — $ — $ — $ — C&I: Commercial business 13 $ 38,090 $ 38,280 $ 5,497 7 $ 2,886 $ 2,828 $ 1,811 Residential: Single-family 1 $ 281 $ 281 $ 2 4 $ 6,855 $ 5,105 $ — Multifamily — $ — $ — $ — 1 $ 2,513 $ 2,973 $ — (1) Includes subsequent payments after modification and reflects the balance as of June 30, 2015 and 2014 . (2) The financial impact includes charge-offs and specific reserves recorded at modification date.
Summary of non-PCI impaired loans	($ in thousands) Unpaid Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance June 30, 2015 CRE: Income producing $ 53,002 $ 34,274 $ 11,295 $ 45,569 $ 1,447 Construction 57 — 14 14 3 Land 10,755 4,455 1,354 5,809 191 C&I: Commercial business 83,775 18,687 52,778 71,465 22,584 Trade finance 11,452 — 11,452 11,452 106 Residential: Single-family 16,926 5,930 9,606 15,536 493 Multifamily 25,899 17,299 6,241 23,540 250 Consumer 1,253 643 610 1,253 2 Total $ 203,119 $ 81,288 $ 93,350 $ 174,638 $ 25,076 ($ in thousands) Unpaid Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance December 31, 2014 CRE: Income producing $ 58,900 $ 35,495 $ 15,646 $ 51,141 $ 1,581 Construction 6,913 6,913 — 6,913 — Land 13,291 2,838 5,622 8,460 1,906 C&I: Commercial business 44,569 12,723 25,717 38,440 15,174 Trade finance 12,967 6,431 274 6,705 28 Residential: Single-family 18,908 6,003 11,398 17,401 461 Multifamily 37,649 21,523 12,890 34,413 313 Consumer 1,259 1,151 108 1,259 1 Total $ 194,456 $ 93,077 $ 71,655 $ 164,732 $ 19,464
Schedule of average recorded investment and amount of interest income on non-PCI impaired loans	Three Months Ended Six Months Ended 2015 2014 2015 2014 ($ in thousands) Average Recorded Investment Recognized Interest Income (1) Average Recognized Interest Income (1) Average Recorded Investment Recognized Interest Income (1) Average Recognized Interest Income (1) CRE: Income producing $ 46,042 $ 134 $ 59,121 $ 281 $ 46,897 $ 268 $ 59,917 $ 627 Construction 14 — 6,888 — 14 — 6,888 — Land 5,876 10 12,128 75 5,951 20 12,179 149 C&I: Commercial business 73,306 761 41,592 209 71,644 1,550 42,682 420 Trade finance 11,623 51 546 4 11,739 134 559 8 Residential: Single-family 15,595 68 15,131 57 15,658 137 14,034 115 Multifamily 23,690 190 36,683 180 23,757 379 36,817 360 Consumer 1,256 12 755 7 1,258 23 752 14 Total impaired non-PCI loans $ 177,402 $ 1,226 $ 172,844 $ 813 $ 176,918 $ 2,511 $ 173,828 $ 1,693 (1) Includes interest recognized on accruing non-PCI TDRs. Interest payments received on nonaccrual non-PCI loans are generally reflected as a reduction of principal and not as interest income.
Summary of the activity in the allowance for loan losses	Non-PCI Loans ($ in thousands) CRE C&I Residential Consumer Unallocated Total PCI Loans Total Three Months Ended June 30, 2015 Beginning balance $ 69,740 $ 133,914 $ 42,990 $ 10,451 $ — $ 257,095 $ 643 $ 257,738 Provision for (reversal of) loan losses 5,739 (2,716 ) (3,318 ) (289 ) 4,109 3,525 (31 ) 3,494 Provision allocation for unfunded loan commitments and letters of credit — — — — (4,109 ) (4,109 ) — (4,109 ) Charge-offs (348 ) (2,843 ) (1 ) — — (3,192 ) — (3,192 ) Recoveries 365 5,607 997 329 — 7,298 — 7,298 Net recoveries 17 2,764 996 329 — 4,106 — 4,106 Ending balance $ 75,496 $ 133,962 $ 40,668 $ 10,491 $ — $ 260,617 $ 612 $ 261,229 Ending balance allocated to: Individually evaluated for impairment $ 1,641 $ 22,690 $ 743 $ 2 $ — $ 25,076 $ — $ 25,076 Collectively evaluated for impairment 73,855 111,272 39,925 10,489 — 235,541 — 235,541 Acquired with deteriorated credit quality — — — — — — 612 612 Ending balance $ 75,496 $ 133,962 $ 40,668 $ 10,491 $ — $ 260,617 $ 612 $ 261,229 Non-PCI Loans ($ in thousands) CRE C&I Residential Consumer Unallocated Total PCI Loans Total Three Months Ended June 30, 2014 Beginning balance $ 63,627 $ 127,156 $ 47,995 $ 11,156 $ — $ 249,934 $ 2,202 $ 252,136 (Reversal of) provision for loan losses (2,387 ) 10,918 (2,048 ) 809 829 8,121 (121 ) 8,000 Provision allocation for unfunded loan commitments and letters of credit — — — — (829 ) (829 ) — (829 ) Charge-offs (894 ) (7,413 ) (61 ) (80 ) — (8,448 ) (523 ) (8,971 ) Recoveries 549 396 63 4 — 1,012 — 1,012 Net (charge-offs) recoveries (345 ) (7,017 ) 2 (76 ) — (7,436 ) (523 ) (7,959 ) Ending balance $ 60,895 $ 131,057 $ 45,949 $ 11,889 $ — $ 249,790 $ 1,558 $ 251,348 Ending balance allocated to: Individually evaluated for impairment $ 4,546 $ 18,918 $ 1,377 $ — $ — $ 24,841 $ — $ 24,841 Collectively evaluated for impairment 56,349 112,139 44,572 11,889 — 224,949 — 224,949 Acquired with deteriorated credit quality — — — — — — 1,558 1,558 Ending balance $ 60,895 $ 131,057 $ 45,949 $ 11,889 $ — $ 249,790 $ 1,558 $ 251,348 Non-PCI Loans ($ in thousands) CRE C&I Residential Consumer Unallocated Total PCI Loans Total Six Months Ended June 30, 2015 Beginning balance $ 72,263 $ 134,598 $ 43,856 $ 10,248 $ — $ 260,965 $ 714 $ 261,679 Provision for (reversal of) loan losses 3,406 2,662 (4,889 ) 375 7,029 8,583 (102 ) 8,481 Provision allocation for unfunded loan commitments and letters of credit — — — — (7,029 ) (7,029 ) — (7,029 ) Charge-offs (1,350 ) (9,432 ) (747 ) (463 ) — (11,992 ) — (11,992 ) Recoveries 1,177 6,134 2,448 331 — 10,090 — 10,090 Net (charge-offs) recoveries (173 ) (3,298 ) 1,701 (132 ) — (1,902 ) — (1,902 ) Ending balance $ 75,496 $ 133,962 $ 40,668 $ 10,491 $ — $ 260,617 $ 612 $ 261,229 Ending balance allocated to: Individually evaluated for impairment $ 1,641 $ 22,690 $ 743 $ 2 $ — $ 25,076 $ — $ 25,076 Collectively evaluated for impairment 73,855 111,272 39,925 10,489 — 235,541 — 235,541 Acquired with deteriorated credit quality — — — — — — 612 612 Ending balance $ 75,496 $ 133,962 $ 40,668 $ 10,491 $ — $ 260,617 $ 612 $ 261,229 Non-PCI Loans ($ in thousands) CRE C&I Residential Consumer Unallocated Total PCI Loans Total Six Months Ended June 30, 2014 Beginning balance $ 70,154 $ 115,184 $ 50,716 $ 11,352 $ — $ 247,406 $ 2,269 $ 249,675 (Reversal of) provision for loan losses (9,423 ) 27,510 (4,623 ) 613 1,044 15,121 (188 ) 14,933 Provision allocation for unfunded loan commitments and letters of credit — — — — (1,044 ) (1,044 ) — (1,044 ) Charge-offs (1,213 ) (12,944 ) (344 ) (83 ) — (14,584 ) (523 ) (15,107 ) Recoveries 1,377 1,307 200 7 — 2,891 — 2,891 Net recoveries (charge-offs) 164 (11,637 ) (144 ) (76 ) — (11,693 ) (523 ) (12,216 ) Ending balance $ 60,895 $ 131,057 $ 45,949 $ 11,889 $ — $ 249,790 $ 1,558 $ 251,348 Ending balance allocated to: Individually evaluated for impairment $ 4,546 $ 18,918 $ 1,377 $ — $ — $ 24,841 $ — $ 24,841 Collectively evaluated for impairment 56,349 112,139 44,572 11,889 — 224,949 — 224,949 Acquired with deteriorated credit quality — — — — — — 1,558 1,558 Ending balance $ 60,895 $ 131,057 $ 45,949 $ 11,889 $ — $ 249,790 $ 1,558 $ 251,348
Recorded investment in total loans receivable by portfolio segment, disaggregated by impairment methodology	($ in thousands) CRE C&I Residential Consumer Total As of June 30, 2015 Individually evaluated for impairment $ 51,392 $ 82,917 $ 39,076 $ 1,253 $ 174,638 Collectively evaluated for impairment 6,588,929 7,996,635 4,331,039 1,701,569 20,618,172 Acquired with deteriorated credit quality (1) 646,552 71,112 427,517 26,621 1,171,802 Ending Balance (1) $ 7,286,873 $ 8,150,664 $ 4,797,632 $ 1,729,443 $ 21,964,612 (1) Loans net of ASC 310-30 discount. ($ in thousands) CRE C&I Residential Consumer Total As of December 31, 2014 Individually evaluated for impairment $ 66,514 $ 45,145 $ 51,814 $ 1,259 $ 164,732 Collectively evaluated for impairment 6,035,702 7,942,436 4,779,465 1,482,697 20,240,300 Acquired with deteriorated credit quality (1) 717,297 89,620 485,410 29,786 1,322,113 Ending Balance (1) $ 6,819,513 $ 8,077,201 $ 5,316,689 $ 1,513,742 $ 21,727,145 (1) Loans net of ASC 310-30 discount.
Summary of changes in the accretable yield for the PCI loans	Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Beginning balance $ 293,155 $ 430,456 $ 311,688 $ 461,545 Addition — — — 6,745 Accretion (23,359 ) (65,623 ) (53,928 ) (127,569 ) Changes in expected cash flows 2,066 28,061 14,102 52,173 Ending balance $ 271,862 $ 392,894 $ 271,862 $ 392,894
Summary of the FDIC indemnification asset/net payable to the FDIC	Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Beginning balance $ (101,411 ) $ 27,552 $ (96,106 ) $ 74,708 Amortization (1,257 ) (29,303 ) (2,799 ) (57,793 ) Reductions (1) (504 ) (14,111 ) (1,153 ) (25,953 ) Estimate of FDIC repayment (2) (1,882 ) (8,475 ) (4,996 ) (15,299 ) Ending balance $ (105,054 ) $ (24,337 ) $ (105,054 ) $ (24,337 ) (1) Reductions relate to charge-offs, partial prepayments, loan payoffs and loan sales which result in a corresponding reduction of the indemnification asset. (2) This represents the change in the calculated estimate the Company will be required to pay the FDIC at the end of the FDIC shared-loss agreements, due to lower thresholds of losses.

INVESTMENTS IN QUALIFIED AFFO30

INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET (Tables)	6 Months Ended
	Jun. 30, 2015
INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET
Summary of the impact of new accounting guidance	December 31, 2014 ($ in thousands) As Previously Reported As Revised Consolidated Balance Sheet: Investments in qualified affordable housing partnerships, net $ 178,652 $ 178,962 Other assets - Deferred tax assets $ 384,367 $ 389,601 Retained earnings $ 1,598,598 $ 1,604,141 Three Months Ended Six Months Ended ($ in thousands, except per share data) As Previously Reported As Revised As Previously Reported As Revised Consolidated Statements of Income: Noninterest expense — Amortization of tax credit and other investments $ 12,851 $ 5,490 $ 18,815 $ 6,982 Income before income taxes $ 115,606 $ 122,966 $ 227,296 $ 239,129 Income tax expense $ 31,618 $ 38,661 $ 66,567 $ 80,653 Net income $ 83,988 $ 84,305 $ 160,729 $ 158,476 Earnings Per Share Basic $ 0.59 $ 0.59 $ 1.13 $ 1.11 Diluted $ 0.58 $ 0.59 $ 1.12 $ 1.11
Schedule of investments in qualified affordable housing partnerships and related unfunded commitments	($ in thousands) June 30, 2015 December 31, 2014 Investments in qualified affordable housing partnerships, net $ 176,566 $ 178,962 Accrued expenses and other liabilities — Unfunded commitments $ 45,567 $ 43,311
Schedule of other information related to investments in qualified affordable housing partnerships	Three Months Ended Six Months Ended ($ in thousands) 2015 2014 2015 2014 Tax credits and other tax benefits recognized $ 8,605 $ 7,649 $ 17,380 $ 15,441 Amortization expense included in income tax expense $ 6,152 $ 5,357 $ 12,396 $ 10,714

GOODWILL AND OTHER INTANGIBLE31

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
Estimated future amortization expense of premiums on acquired deposits	Estimated Future Amortization Expense of Premiums on Acquired Deposits Amount ($ in thousands) Six months ended December 31, 2015 $ 4,506 Year ended December 31, 2016 8,086 Year ended December 31, 2017 6,935 Year ended December 31, 2018 5,883 Year ended December 31, 2019 4,864 Thereafter 10,307 Total $ 40,581

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2015
COMMITMENTS AND CONTINGENCIES
Summary of credit-related commitments	($ in thousands) June 30, 2015 December 31, 2014 Loan commitments $ 3,275,323 $ 3,872,223 Commercial and standby letters of credit (“SBLCs”) $ 1,502,351 $ 1,253,066

STOCKHOLDERS' EQUITY AND EARN33

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE
Earnings per share calculations	Three Months Ended June 30, 2015 (In thousands, except per share data) Net Income Number of Shares Per Share Amounts Net income $ 98,748 Less: Earnings allocated to participating securities — Basic EPS — income allocated to common stockholders $ 98,748 143,846 $ 0.69 Effect of dilutive securities: Stock options — 1 Restricted stock units 93 470 Warrants — 163 Diluted EPS — income allocated to common stockholders $ 98,841 144,480 $ 0.68 Three Months Ended June 30, 2014 (In thousands, except per share data) Net Income Number of Shares Per Share Amounts Net income (1) $ 84,305 Less: Earnings allocated to participating securities (120 ) Basic EPS — income allocated to common stockholders (1) $ 84,185 143,187 $ 0.59 Effect of dilutive securities: Stock options — 75 Restricted stock units 51 284 Warrants — 143 Diluted EPS — income allocated to common stockholders (1) $ 84,236 143,689 $ 0.59 Six Months Ended June 30, 2015 (In thousands, except per share data) Net Income Number of Shares Per Share Amounts Net income $ 198,775 Less: Earnings allocated to participating securities (3 ) Basic EPS — income allocated to common stockholders $ 198,772 143,751 $ 1.38 Effect of dilutive securities: Stock options — 4 Restricted stock units 197 494 Warrants — 159 Diluted EPS — income allocated to common stockholders $ 198,969 144,408 $ 1.38 Six Months Ended June 30, 2014 (In thousands, except per share data) Net Income Number of Shares Per Share Amounts Net income (1) $ 158,476 Less: Earnings allocated to participating securities (283 ) Basic EPS — income allocated to common stockholders (1) $ 158,193 142,578 $ 1.11 Effect of dilutive securities: Stock options — 77 Restricted stock units 129 359 Warrants — 144 Diluted EPS — income allocated to common stockholders (1) $ 158,322 143,158 $ 1.11 (1) Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.
Schedule of accumulated other comprehensive income (loss) balances	Three Months Ended June 30, 2015 2014 ($ in thousands) Available-for-Sale Investment Securities Other Investments Accumulated Other Comprehensive Income Available-for-Sale Investment Securities Other Investments Accumulated Other Comprehensive (Loss) Income Balance, beginning of the period $ 13,501 $ 54 $ 13,555 $ (17,099 ) $ 62 $ (17,037 ) Net unrealized (losses) gains arising during the period (4,914 ) 10 (4,904 ) 14,895 (4 ) 14,891 Reclassification adjustment for gains included in net income (3,221 ) — (3,221 ) (389 ) — (389 ) Net change (8,135 ) 10 (8,125 ) 14,506 (4 ) 14,502 Balance, end of the period $ 5,366 $ 64 $ 5,430 $ (2,593 ) $ 58 $ (2,535 ) Six Months Ended June 30, 2015 2014 ($ in thousands) Available-for-Sale Other Accumulated Available-for-Sale Other Accumulated Balance, beginning of the period $ 4,176 $ 61 $ 4,237 $ (30,538 ) $ 79 $ (30,459 ) Net unrealized gains (losses) arising during the period 6,966 3 6,969 30,317 (21 ) 30,296 Reclassification adjustment for gains included in net income (5,776 ) — (5,776 ) (2,372 ) — (2,372 ) Net change 1,190 3 1,193 27,945 (21 ) 27,924 Balance, end of the period $ 5,366 $ 64 $ 5,430 $ (2,593 ) $ 58 $ (2,535 )
Schedule of components of other comprehensive income (loss), reclassifications to net income by income statement line item and the related tax effects	Three Months Ended June 30, 2015 2014 ($ in thousands) Before-Tax Amount Tax Expense or Benefit Net-of-Tax Amount Before-Tax Amount Tax Expense or Benefit Net-of-Tax Amount Unrealized (losses) gains on available-for-sale investment securities : Net unrealized (losses) gains arising during the period $ (8,473 ) $ 3,559 $ (4,914 ) $ 25,681 $ (10,786 ) $ 14,895 Reclassification adjustment for gains included in net income (1) (5,554 ) 2,333 (3,221 ) (671 ) 282 (389 ) Net change (14,027 ) 5,892 (8,135 ) 25,010 (10,504 ) 14,506 Unrealized gains (losses) on other investments: Net unrealized gains (losses) arising during the period 18 (8 ) 10 (7 ) 3 (4 ) Reclassification adjustment for (gains) losses included in income — — — — — — Net change 18 (8 ) 10 (7 ) 3 (4 ) Other comprehensive (loss) income $ (14,009 ) $ 5,884 $ (8,125 ) $ 25,003 $ (10,501 ) $ 14,502 Six Months Ended June 30, 2015 2014 ($ in thousands) Before-Tax Tax Net-of-Tax Before-Tax Tax Net-of-Tax Unrealized gains on available-for-sale investment securities : Net unrealized gains arising during the period $ 12,009 $ (5,043 ) $ 6,966 $ 52,271 $ (21,954 ) $ 30,317 Reclassification adjustment for gains included in net income (1) (9,958 ) 4,182 (5,776 ) (4,089 ) 1,717 (2,372 ) Net change 2,051 (861 ) 1,190 48,182 (20,237 ) 27,945 Unrealized gains (losses) on other investments: Net unrealized gains (losses) arising during the period 5 (2 ) 3 (36 ) 15 (21 ) Reclassification adjustment for (gains) losses included in income — — — — — — Net change 5 (2 ) 3 (36 ) 15 (21 ) Other comprehensive income $ 2,056 $ (863 ) $ 1,193 $ 48,146 $ (20,222 ) $ 27,924 (1) The pretax amount is reported in net gains on sales of available-for-sale investment securities in the consolidated statements of income.

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
BUSINESS SEGMENTS
Operating results and key financial measures for operating segments	Three Months Ended June 30, 2015 ($ in thousands) Retail Banking Commercial Banking Other Total Interest income $ 82,729 $ 157,337 $ 15,379 $ 255,445 Charge for funds used (21,357 ) (38,328 ) (13,723 ) (73,408 ) Interest spread on funds used 61,372 119,009 1,656 182,037 Interest expense (12,996 ) (4,710 ) (10,247 ) (27,953 ) Credit on funds provided 60,950 7,995 4,463 73,408 Interest spread on funds provided 47,954 3,285 (5,784 ) 45,455 Net interest income (loss) $ 109,326 $ 122,294 $ (4,128 ) $ 227,492 (Reversal of) provision for loan losses $ (3,454 ) $ 6,948 $ — $ 3,494 Depreciation, amortization and accretion (1) $ 3,235 $ (6,054 ) $ 8,938 $ 6,119 Goodwill $ 357,207 $ 112,226 $ — $ 469,433 Segment pre-tax profit (loss) $ 55,349 $ 97,269 $ (8,197 ) $ 144,421 Segment assets $ 7,373,641 $ 16,141,368 $ 6,549,063 $ 30,064,072 Three Months Ended June 30, 2014 ($ in thousands) Retail Banking Commercial Banking Other Total Interest income $ 99,792 $ 181,880 $ 12,770 $ 294,442 Charge for funds used (23,854 ) (34,281 ) (9,929 ) (68,064 ) Interest spread on funds used 75,938 147,599 2,841 226,378 Interest expense (11,950 ) (3,421 ) (12,621 ) (27,992 ) Credit on funds provided 54,139 8,983 4,942 68,064 Interest spread on funds provided 42,189 5,562 (7,679 ) 40,072 Net interest income (loss) $ 118,127 $ 153,161 $ (4,838 ) $ 266,450 (Reversal of) provision for loan losses $ (440 ) $ 8,440 $ — $ 8,000 Depreciation, amortization and accretion (1) (2) $ 4,096 $ (1,286 ) $ 12,148 $ 14,958 Goodwill $ 354,163 $ 104,304 $ — $ 458,467 Segment pre-tax profit (loss) (2) $ 48,939 $ 77,844 $ (3,817 ) $ 122,966 Segment assets (2) $ 7,822,020 $ 14,177,634 $ 5,557,346 $ 27,557,000 (1) Includes amortization and accretion related to the FDIC indemnification asset. (2) Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information. Six Months Ended June 30, 2015 ($ in thousands) Retail Banking Commercial Banking Other Total Interest income $ 170,175 $ 316,122 $ 32,409 $ 518,706 Charge for funds used (44,656 ) (75,678 ) (23,168 ) (143,502 ) Interest spread on funds used 125,519 240,444 9,241 375,204 Interest expense (25,219 ) (8,973 ) (21,305 ) (55,497 ) Credit on funds provided 118,618 16,010 8,874 143,502 Interest spread on funds provided 93,399 7,037 (12,431 ) 88,005 Net interest income (loss) $ 218,918 $ 247,481 $ (3,190 ) $ 463,209 (Reversal of) provision for loan losses $ (2,723 ) $ 11,204 $ — $ 8,481 Depreciation, amortization and accretion (1) $ 4,917 $ (16,531 ) $ 21,860 $ 10,246 Goodwill $ 357,207 $ 112,226 $ — $ 469,433 Segment pre-tax profit (loss) $ 108,284 $ 190,444 $ (7,481 ) $ 291,247 Segment assets $ 7,373,641 $ 16,141,368 $ 6,549,063 $ 30,064,072 Six Months Ended June 30, 2014 ($ in thousands) Retail Banking Commercial Banking Other Total Interest income $ 198,517 $ 350,956 $ 31,142 $ 580,615 Charge for funds used (48,150 ) (66,098 ) (14,312 ) (128,560 ) Interest spread on funds used 150,367 284,858 16,830 452,055 Interest expense (23,661 ) (6,701 ) (25,837 ) (56,199 ) Credit on funds provided 102,332 17,419 8,809 128,560 Interest spread on funds provided 78,671 10,718 (17,028 ) 72,361 Net interest income (loss) $ 229,038 $ 295,576 $ (198 ) $ 524,416 Provision for loan losses $ 2,212 $ 12,721 $ — $ 14,933 Depreciation, amortization and accretion (1) (2) $ 6,667 $ (4,614 ) $ 21,968 $ 24,021 Goodwill $ 354,163 $ 104,304 $ — $ 458,467 Segment pre-tax profit (loss) (2) $ 93,355 $ 154,769 $ (8,995 ) $ 239,129 Segment assets (2) $ 7,822,020 $ 14,177,634 $ 5,557,346 $ 27,557,000 (1) Includes amortization and accretion related to the FDIC indemnification asset. (2) Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	3 Months Ended	6 Months Ended
	Mar. 31, 2014entity	Jun. 30, 2015entitytrust
BASIS OF PRESENTATION
Number of wholly owned subsidiaries that are statutory business trusts ("the Trusts") | trust		6
Number of acquisitions	1	0

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) $ in Thousands	Jan. 17, 2014USD ($)shares	Mar. 31, 2014entity	Jun. 30, 2015USD ($)entity	Jun. 30, 2014USD ($)shares	Dec. 31, 2014USD ($)
Business combination
Number of business combinations | entity		1	0
Purchase consideration
Consideration transferred in the acquisition (in shares) | shares				5,583,093
Issuance of 5,583,093 shares pursuant to MetroCorp Bancshares, Inc. acquisition				$ 190,830
Assets acquired and liabilities assumed
Goodwill			$ 469,433	$ 458,467	$ 469,433
MetroCorp
Purchase consideration
Percentage of purchase consideration satisfied in stock	66.67%
Percentage of purchase consideration satisfied in cash	33.33%
Fair value of the consideration transferred	$ 291,400
Consideration transferred in the acquisition (in shares) | shares	5,583,093
Issuance of 5,583,093 shares pursuant to MetroCorp Bancshares, Inc. acquisition	$ 190,800
Consideration transferred in cash	89,400
Additional cash given to acquiree's stock option holders as part of consideration transferred	2,400
Fair value of warrants assumed as part of consideration transferred	8,800
Assets acquired and liabilities assumed
Fair value of assets acquired	1,700,000
Fair value of liabilities acquired	1,410,000
Goodwill	$ 121,000				132,000
MetroCorp | Adjustments
Assets acquired and liabilities assumed
Deferred tax assets					(10,300)
Bank owned life insurance					$ (700)

FAIR VALUE MEASUREMENT AND FA37

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Available-for-sale investment securities
Total available-for-sale investment securities		$ 2,982,146	$ 2,626,365
Derivative
Derivative assets		10,752	12,383
Derivative liabilities		(54,746)	(56,493)
U.S. Treasury securities
Available-for-sale investment securities
Total available-for-sale investment securities		1,200,111	873,435
U.S. government agency and U.S. government sponsored enterprise debt securities
Available-for-sale investment securities
Total available-for-sale investment securities		424,863	311,024
U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities
Available-for-sale investment securities
Total available-for-sale investment securities		187,388	141,420
U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities
Available-for-sale investment securities
Total available-for-sale investment securities		688,712	791,088
Municipal securities
Available-for-sale investment securities
Total available-for-sale investment securities		206,422	250,448
Other residential mortgage-backed securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities	[1]	61,908	53,918
Other commercial mortgage-backed securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities	[1]		34,053
Corporate debt securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities	[1]	156,978	115,182
Corporate debt securities | Non-investment grade
Available-for-sale investment securities
Total available-for-sale investment securities	[1]	10,025	14,681
Other securities
Available-for-sale investment securities
Total available-for-sale investment securities		45,739	41,116
Fair Value, Measurements, Recurring
Available-for-sale investment securities
Total available-for-sale investment securities		2,982,146	2,626,365
Fair Value, Measurements, Recurring | Foreign exchange options
Derivative
Derivative assets			6,136
Fair Value, Measurements, Recurring | Interest rate swaps on certificates of deposit
Derivative
Derivative liabilities		(8,177)	(9,922)
Fair Value, Measurements, Recurring | Interest rate swaps and caps
Derivative
Derivative assets		44,424	41,534
Derivative liabilities		(43,810)	(41,779)
Fair Value, Measurements, Recurring | Foreign exchange contracts
Derivative
Derivative assets		11,044	8,118
Derivative liabilities		(10,186)	(9,163)
Fair Value, Measurements, Recurring | Embedded derivative liabilities
Derivative
Derivative liabilities			(3,392)
Fair Value, Measurements, Recurring | U.S. Treasury securities
Available-for-sale investment securities
Total available-for-sale investment securities		1,200,111	873,435
Fair Value, Measurements, Recurring | U.S. government agency and U.S. government sponsored enterprise debt securities
Available-for-sale investment securities
Total available-for-sale investment securities		424,863	311,024
Fair Value, Measurements, Recurring | U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities
Available-for-sale investment securities
Total available-for-sale investment securities		187,388	141,420
Fair Value, Measurements, Recurring | U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities
Available-for-sale investment securities
Total available-for-sale investment securities		688,712	791,088
Fair Value, Measurements, Recurring | Municipal securities
Available-for-sale investment securities
Total available-for-sale investment securities		206,422	250,448
Fair Value, Measurements, Recurring | Other residential mortgage-backed securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities		61,908	53,918
Fair Value, Measurements, Recurring | Other commercial mortgage-backed securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities			34,053
Fair Value, Measurements, Recurring | Corporate debt securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities		156,978	115,182
Fair Value, Measurements, Recurring | Corporate debt securities | Non-investment grade
Available-for-sale investment securities
Total available-for-sale investment securities		10,025	14,681
Fair Value, Measurements, Recurring | Other securities
Available-for-sale investment securities
Total available-for-sale investment securities		45,739	41,116
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Available-for-sale investment securities
Total available-for-sale investment securities		1,235,645	905,540
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury securities
Available-for-sale investment securities
Total available-for-sale investment securities		1,200,111	873,435
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other securities
Available-for-sale investment securities
Total available-for-sale investment securities		35,534	32,105
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Available-for-sale investment securities
Total available-for-sale investment securities		1,746,501	1,714,297
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign exchange options
Derivative
Derivative assets			6,136
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate swaps on certificates of deposit
Derivative
Derivative liabilities		(8,177)	(9,922)
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate swaps and caps
Derivative
Derivative assets		44,424	41,534
Derivative liabilities		(43,810)	(41,779)
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign exchange contracts
Derivative
Derivative assets		11,044	8,118
Derivative liabilities		(10,186)	(9,163)
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. government agency and U.S. government sponsored enterprise debt securities
Available-for-sale investment securities
Total available-for-sale investment securities		424,863	311,024
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities
Available-for-sale investment securities
Total available-for-sale investment securities		187,388	141,420
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities
Available-for-sale investment securities
Total available-for-sale investment securities		688,712	791,088
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Municipal securities
Available-for-sale investment securities
Total available-for-sale investment securities		206,422	250,448
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other residential mortgage-backed securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities		61,908	53,918
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other commercial mortgage-backed securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities			34,053
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt securities | Investment grade
Available-for-sale investment securities
Total available-for-sale investment securities		156,978	115,182
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt securities | Non-investment grade
Available-for-sale investment securities
Total available-for-sale investment securities		10,025	8,153
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other securities
Available-for-sale investment securities
Total available-for-sale investment securities		$ 10,205	9,011
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Available-for-sale investment securities
Total available-for-sale investment securities			6,528
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Embedded derivative liabilities
Derivative
Derivative liabilities			(3,392)
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Corporate debt securities | Non-investment grade
Available-for-sale investment securities
Total available-for-sale investment securities			$ 6,528
[1]	Available-for-sale investment securities rated BBB- or higher by S&P or Baa3 or higher by Moody's are considered investment grade. Conversely, available-for-sale investment securities rated lower than BBB- by S&P or lower than Baa3 by Moody's are considered non-investment grade.

FAIR VALUE MEASUREMENT AND FA38

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - Corporate debt securities - Non-investment grade - Fair Value, Measurements, Recurring - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
		Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reconciliation of assets measured at fair value on a recurring basis using significant unobservable inputs
Beginning balance		$ 6,717	$ 6,528	$ 6,371
Total gains or (losses) for the period:
Included in earnings	[1]		960
Included in other comprehensive income (unrealized)	[2]	1,209	922	1,643
Purchases, issues, sales, settlements:
Sales			(7,219)
Settlements		(9)	(98)	(97)
Transfers in and/or out of Level 3			$ (1,093)
Ending balance		$ 7,917		$ 7,917
[1]	Realized gains or losses of corporate debt securities and embedded derivative liabilities are included in net gains on sales of investment securities and other operating expense, respectively, in the consolidated statements of income.
[2]	Unrealized gains or losses on available-for-sale investment securities are reported in other comprehensive income, net of tax, in the consolidated statements of comprehensive income.

FAIR VALUE MEASUREMENT AND FA39

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - Embedded derivative liabilities - Fair Value, Measurements, Recurring - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reconciliation of liabilities measured at fair value on a recurring basis using significant unobservable inputs
Beginning balance		$ (3,412)	$ (3,398)	$ (3,392)	$ (3,655)
Total gains or (losses) for the period:
Included in earnings	[1]		36	(20)	293
Purchases, issues, sales, settlements:
Settlements		$ 3,412		$ 3,412
Ending balance			(3,362)		(3,362)
Changes in unrealized losses (gains) included in earnings relating to assets and liabilities held at period-end			$ (36)		$ (293)
[1]	Realized gains or losses of corporate debt securities and embedded derivative liabilities are included in net gains on sales of investment securities and other operating expense, respectively, in the consolidated statements of income.

FAIR VALUE MEASUREMENT AND FA40

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2014	Jun. 30, 2015
Quantitative information
Available-for-sale investment securities		$ 2,626,365	$ 2,982,146
Derivative liabilities		(56,493)	(54,746)
Corporate debt securities | Non-investment grade
Quantitative information
Available-for-sale investment securities	[1]	14,681	10,025
Fair Value, Measurements, Recurring
Quantitative information
Available-for-sale investment securities		2,626,365	2,982,146
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Quantitative information
Available-for-sale investment securities		6,528
Fair Value, Measurements, Recurring | Embedded derivative liabilities
Quantitative information
Derivative liabilities		(3,392)
Fair Value, Measurements, Recurring | Embedded derivative liabilities | Significant Unobservable Inputs (Level 3)
Quantitative information
Derivative liabilities		(3,392)
Fair Value, Measurements, Recurring | Embedded derivative liabilities | Discounted cash flow | Significant Unobservable Inputs (Level 3)
Quantitative information
Derivative liabilities		$ (3,392)
Fair Value, Measurements, Recurring | Embedded derivative liabilities | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Minimum
Quantitative information
Credit risk		0.12%
Fair Value, Measurements, Recurring | Embedded derivative liabilities | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Maximum
Quantitative information
Credit risk		0.14%
Fair Value, Measurements, Recurring | Embedded derivative liabilities | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Weighted Average
Quantitative information
Credit risk		0.13%
Fair Value, Measurements, Recurring | Corporate debt securities | Non-investment grade
Quantitative information
Available-for-sale investment securities		$ 14,681	$ 10,025
Fair Value, Measurements, Recurring | Corporate debt securities | Non-investment grade | Significant Unobservable Inputs (Level 3)
Quantitative information
Available-for-sale investment securities		6,528
Fair Value, Measurements, Recurring | Corporate debt securities | Non-investment grade | Discounted cash flow | Significant Unobservable Inputs (Level 3)
Quantitative information
Available-for-sale investment securities		$ 6,528
Fair Value, Measurements, Recurring | Corporate debt securities | Non-investment grade | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Minimum
Quantitative information
Constant prepayment rate		0.00%
Constant default rate		0.75%
Discount margin		4.50%
Fair Value, Measurements, Recurring | Corporate debt securities | Non-investment grade | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Maximum
Quantitative information
Constant prepayment rate		1.00%
Constant default rate		1.20%
Discount margin		7.50%
Fair Value, Measurements, Recurring | Corporate debt securities | Non-investment grade | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Weighted Average
Quantitative information
Constant prepayment rate		0.73%
Constant default rate		0.87%
Loss severity		85.00%
Discount margin		6.94%
[1]	Available-for-sale investment securities rated BBB- or higher by S&P or Baa3 or higher by Moody's are considered investment grade. Conversely, available-for-sale investment securities rated lower than BBB- by S&P or lower than Baa3 by Moody's are considered non-investment grade.

FAIR VALUE MEASUREMENT AND FA41

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 5) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets Measured on a Nonrecurring Basis
OREO	$ 3,848	$ 17,521
Loans held for sale	33,719
Loans Receivable | Non-PCI loans
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	73,491	67,811
Loans Receivable | Non-PCI loans | CRE
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	14,641	26,089
Loans Receivable | Non-PCI loans | C&I
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	43,138	16,581
Loans Receivable | Non-PCI loans | Residential
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	15,104	25,034
Loans Receivable | Non-PCI loans | Consumer
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	608	107
Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on a Nonrecurring Basis
Loans held for sale	33,719
Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on a Nonrecurring Basis
OREO	3,848	17,521
Significant Unobservable Inputs (Level 3) | Loans Receivable | Non-PCI loans
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	73,491	67,811
Significant Unobservable Inputs (Level 3) | Loans Receivable | Non-PCI loans | CRE
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	14,641	26,089
Significant Unobservable Inputs (Level 3) | Loans Receivable | Non-PCI loans | C&I
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	43,138	16,581
Significant Unobservable Inputs (Level 3) | Loans Receivable | Non-PCI loans | Residential
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	15,104	25,034
Significant Unobservable Inputs (Level 3) | Loans Receivable | Non-PCI loans | Consumer
Fair Value, Assets Measured on a Nonrecurring Basis
Impaired loans	$ 608	$ 107

FAIR VALUE MEASUREMENT AND FA42

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 6) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
OREO
Fair Value, Assets Measured on a Nonrecurring Basis
Increase (decrease) in value of assets	$ (200)	$ (69)	$ (258)	$ (595)
Loans held for sale
Fair Value, Assets Measured on a Nonrecurring Basis
Increase (decrease) in value of assets	(517)		(517)
Loans Receivable | Non-PCI loans
Fair Value, Assets Measured on a Nonrecurring Basis
Increase (decrease) in value of assets	(7,116)	(7,364)	(10,550)	(10,302)
Loans Receivable | Non-PCI loans | CRE
Fair Value, Assets Measured on a Nonrecurring Basis
Increase (decrease) in value of assets	(445)	1,865	(905)	1,376
Loans Receivable | Non-PCI loans | C&I
Fair Value, Assets Measured on a Nonrecurring Basis
Increase (decrease) in value of assets	(6,454)	(9,642)	(9,303)	(11,705)
Loans Receivable | Non-PCI loans | Residential
Fair Value, Assets Measured on a Nonrecurring Basis
Increase (decrease) in value of assets	(216)	$ 413	(341)	$ 27
Loans Receivable | Non-PCI loans | Consumer
Fair Value, Assets Measured on a Nonrecurring Basis
Increase (decrease) in value of assets	$ (1)		$ (1)

FAIR VALUE MEASUREMENT AND FA43

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 7) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Quantitative information
OREO		$ 3,848	$ 17,521
Significant Unobservable Inputs (Level 3)
Quantitative information
OREO		3,848	17,521
OREO | Appraisal | Significant Unobservable Inputs (Level 3)
Quantitative information
OREO		$ 3,848	$ 17,521
OREO | Appraisal | Significant Unobservable Inputs (Level 3) | Weighted Average
Quantitative information
Selling cost (as a percent)		8.00%	8.00%
Loans Receivable | Non-PCI loans
Quantitative information
Impaired loans		$ 73,491	$ 67,811
Loans Receivable | Non-PCI loans | Significant Unobservable Inputs (Level 3)
Quantitative information
Impaired loans		73,491	67,811
Loans Receivable | Non-PCI loans | Discounted cash flow | Significant Unobservable Inputs (Level 3)
Quantitative information
Impaired loans		$ 34,095	$ 11,499
Loans Receivable | Non-PCI loans | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Minimum
Quantitative information
Discount rate (as a percent)		0.00%	0.00%
Loans Receivable | Non-PCI loans | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Maximum
Quantitative information
Discount rate (as a percent)		89.00%	81.00%
Loans Receivable | Non-PCI loans | Discounted cash flow | Significant Unobservable Inputs (Level 3) | Weighted Average
Quantitative information
Discount rate (as a percent)		33.00%	49.00%
Loans Receivable | Non-PCI loans | Market comparables | Significant Unobservable Inputs (Level 3)
Quantitative information
Impaired loans		$ 39,396	$ 56,312
Loans Receivable | Non-PCI loans | Market comparables | Significant Unobservable Inputs (Level 3) | Minimum
Quantitative information
Discount rate (as a percent)	[1]	0.00%	0.00%
Loans Receivable | Non-PCI loans | Market comparables | Significant Unobservable Inputs (Level 3) | Maximum
Quantitative information
Discount rate (as a percent)	[1]	100.00%	100.00%
Loans Receivable | Non-PCI loans | Market comparables | Significant Unobservable Inputs (Level 3) | Weighted Average
Quantitative information
Discount rate (as a percent)	[1]	17.00%	4.00%
[1]	Discount rate is adjusted for factors such as liquidation cost of collateral and selling costs.

FAIR VALUE MEASUREMENT AND FA44

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 8) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Financial Assets:
Cash and cash equivalents		$ 1,877,914	$ 1,039,885	$ 1,246,044	$ 895,820
Short-term investments		274,838	338,714
Securities purchased under resale agreements ("resale agreements")		1,100,000	1,225,000
Loans held for sale		195,427	45,950
Loans receivable, net	[1]	21,697,435	21,468,270
Investment in Federal Home Loan Bank ("FHLB") stock		18,155	31,239
Investment in Federal Reserve Bank stock		54,675	54,451
Financial Liabilities:
Short-term borrowings		3,271
FHLB advances		318,322	317,241
Securities sold under repurchase agreements ("repurchase agreements")		400,000	795,000
Long-term debt		215,964	225,848
Carrying Amount
Financial Assets:
Cash and cash equivalents		1,877,914	1,039,885
Short-term investments		274,838	338,714
Securities purchased under resale agreements ("resale agreements")		1,100,000	1,225,000
Loans held for sale		195,427	45,950
Loans receivable, net		21,697,435	21,468,270
Investment in Federal Home Loan Bank ("FHLB") stock		18,155	31,239
Investment in Federal Reserve Bank stock		54,675	54,451
Accrued interest receivable		81,575	88,303
Financial Liabilities:
Demand, savings and money market deposits		18,872,270	17,896,035
Time deposits		6,655,950	6,112,739
Short-term borrowings		3,271
FHLB advances		318,322	317,241
Securities sold under repurchase agreements ("repurchase agreements")		400,000	795,000
Accrued interest payable		10,762	11,303
Long-term debt		215,964	225,848
Fair Value Measurements
Financial Assets:
Cash and cash equivalents		1,877,914	1,039,885
Short-term investments		274,838	338,714
Securities purchased under resale agreements ("resale agreements")		1,091,775	1,191,060
Loans held for sale		197,813	45,950
Loans receivable, net		21,460,209	20,997,379
Investment in Federal Home Loan Bank ("FHLB") stock		18,155	31,239
Investment in Federal Reserve Bank stock		54,675	54,451
Accrued interest receivable		81,575	88,303
Financial Liabilities:
Demand, savings and money market deposits		18,872,270	17,896,035
Time deposits		6,640,165	6,095,217
Short-term borrowings		3,271
FHLB advances		334,284	336,302
Securities sold under repurchase agreements ("repurchase agreements")		388,498	870,434
Accrued interest payable		10,762	11,303
Long-term debt		193,157	205,777
Fair Value Measurements | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets:
Cash and cash equivalents		1,877,914	1,039,885
Fair Value Measurements | Significant Other Observable Inputs (Level 2)
Financial Assets:
Short-term investments		274,838	338,714
Securities purchased under resale agreements ("resale agreements")		1,091,775	1,191,060
Loans held for sale		197,813	45,950
Investment in Federal Home Loan Bank ("FHLB") stock		18,155	31,239
Investment in Federal Reserve Bank stock		54,675	54,451
Accrued interest receivable		81,575	88,303
Financial Liabilities:
Demand, savings and money market deposits		18,872,270	17,896,035
Time deposits		6,640,165	6,095,217
Short-term borrowings		3,271
FHLB advances		334,284	336,302
Securities sold under repurchase agreements ("repurchase agreements")		388,498	870,434
Accrued interest payable		10,762	11,303
Long-term debt		193,157	205,777
Fair Value Measurements | Significant Unobservable Inputs (Level 3)
Financial Assets:
Loans receivable, net		$ 21,460,209	$ 20,997,379
[1]	Loans net of ASC 310-30 discount.

FAIR VALUE MEASUREMENT AND FA45

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 9)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2010
Valuation Methodologies
Maximum Term of Maturity for Securities Purchased under Resale Agreements to be Included in Cash and Cash Equivalents	90 days
Term of Maturity that Securities Purchased under Resale Agreements Must Exceed to be Included in Certain Fair Value Calculations	90 days
Foreign exchange options
Valuation Methodologies
Term of contracts		5 years
Embedded derivative liabilities
Valuation Methodologies
Term of contracts		5 years
Non-PCI loans | Loans Receivable
Valuation Methodologies
Period of updated appraisals and evaluations	12 months

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Summary of Stock-Based Compensation Plans
Stock options issued (in shares)	0	0	0	0
Net tax benefit recognized in equity for stock compensation plans	$ 51	$ 79	$ 3,196	$ 3,787
Restricted Stock Awards
Summary of Stock-Based Compensation Plans
Compensation expense related to restricted stock awards	$ 3,698	$ 3,565	$ 7,652	$ 6,745
Restricted Stock Awards | Minimum
Summary of Stock-Based Compensation Plans
Vesting period			3 years
Restricted Stock Awards | Maximum
Summary of Stock-Based Compensation Plans
Vesting period			5 years

STOCK-BASED COMPENSATION (Det47

STOCK-BASED COMPENSATION (Details 2) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Millions	Total
Time-based restricted stock awards
Shares
Outstanding at beginning of period (in shares)	751,020
Granted (in shares)	430,078
Vested (in shares)	(213,625)
Forfeited (in shares)	(37,221)
Outstanding at end of period (in shares)	930,252
Weighted Average Price
Outstanding at beginning of period (in dollars per share)	$ 30.61
Granted (in dollars per share)	40.07
Vested (in dollars per share)	23.32
Forfeited (in dollars per share)	36.14
Outstanding at end of period (in dollars per share)	$ 36.44
Additional disclosures
Total unrecognized stock compensation expense	$ 27.3
Weighted average period to recognize unrecognized compensation cost	2 years 2 months 19 days
Performance-based restricted stock awards
Shares
Outstanding at beginning of period (in shares)	518,553
Granted (in shares)	149,284
Vested (in shares)	(144,445)
Outstanding at end of period (in shares)	523,392
Weighted Average Price
Outstanding at beginning of period (in dollars per share)	$ 29.64
Granted (in dollars per share)	39.95
Vested (in dollars per share)	22.05
Outstanding at end of period (in dollars per share)	$ 35.64
Additional disclosures
Total unrecognized stock compensation expense	$ 11
Weighted average period to recognize unrecognized compensation cost	2 years 1 month 2 days

RESALE AND REPURCHASE AGREEME48

RESALE AND REPURCHASE AGREEMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Resale agreements
Gross resale agreements	$ 1,595,000	$ 1,425,000
Weighted average interest rates (as a percent)	1.39%	1.55%

RESALE AND REPURCHASE AGREEME49

RESALE AND REPURCHASE AGREEMENTS (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Repurchase agreements
Gross repurchase agreements	$ 895,000		$ 895,000		$ 995,000
Extinguishment charges	$ 6,625		$ 6,625
Repurchase Agreements
Repurchase agreements
Weighted average interest rate (as a percent)	3.57%		3.57%		3.70%
Extinguishment charges	$ 6,600	$ 0	$ 6,600	$ 0
Repurchase agreements extinguished	$ 100,000		$ 100,000

RESALE AND REPURCHASE AGREEME50

RESALE AND REPURCHASE AGREEMENTS (Details 3) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Assets, Resale Agreements
Gross Amounts of Recognized Assets		$ 1,595,000	$ 1,425,000
Gross Amounts Offset on the Consolidated Balance Sheet		(495,000)	(200,000)
Net Amounts of Assets Presented		1,100,000	1,225,000
Gross Amounts Not Offset on the Consolidated Balance Sheet
Financial Instruments	[1]		(425,000)
Collateral Received	[2]	(1,093,636)	(797,172)
Net Amount		6,364	2,828
Liabilities, Repurchase Agreements
Gross Amounts of Recognized Liabilities		895,000	995,000
Gross Amounts Offset on the Consolidated Balance Sheet		(495,000)	(200,000)
Net Amounts of Liabilities Presented		400,000	795,000
Gross Amounts Not Offset on the Consolidated Balance Sheet
Financial Instruments	[1]		(425,000)
Collateral Posted	[3]	$ (400,000)	$ (370,000)
[1]	Includes financial instruments subject to enforceable master netting arrangements that are not permitted to be offset under ASC 210-20-45 but would be eligible for offsetting to the extent an event of default has occurred.
[2]	Represents the fair value of securities the Company has received under resale agreements, limited for table presentation purposes to the amount of the recognized asset due from each counterparty.
[3]	Represents the fair value of securities the Company has pledged under repurchase agreements, limited for table presentation purposes to the amount of the recognized liability owed to each counterparty.

AVAILABLE-FOR-SALE INVESTMENT51

AVAILABLE-FOR-SALE INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Investment Securities
Amortized Cost		$ 2,972,935	$ 2,619,205
Gross Unrealized Gains		20,161	21,128
Gross Unrealized Losses		(10,950)	(13,968)
Fair Value		2,982,146	2,626,365
U.S. Treasury securities
Schedule of Available-for-sale Investment Securities
Amortized Cost		1,194,790	873,101
Gross Unrealized Gains		5,493	1,971
Gross Unrealized Losses		(172)	(1,637)
Fair Value		1,200,111	873,435
U.S. government agency and U.S. government sponsored enterprise debt securities
Schedule of Available-for-sale Investment Securities
Amortized Cost		425,495	311,927
Gross Unrealized Gains		584	490
Gross Unrealized Losses		(1,216)	(1,393)
Fair Value		424,863	311,024
U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities
Schedule of Available-for-sale Investment Securities
Amortized Cost		187,831	140,957
Gross Unrealized Gains		502	1,056
Gross Unrealized Losses		(945)	(593)
Fair Value		187,388	141,420
U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities
Schedule of Available-for-sale Investment Securities
Amortized Cost		682,740	785,412
Gross Unrealized Gains		9,043	9,754
Gross Unrealized Losses		(3,071)	(4,078)
Fair Value		688,712	791,088
Municipal securities
Schedule of Available-for-sale Investment Securities
Amortized Cost		205,703	245,408
Gross Unrealized Gains		3,580	6,202
Gross Unrealized Losses		(2,861)	(1,162)
Fair Value		206,422	250,448
Other residential mortgage-backed securities | Investment grade
Schedule of Available-for-sale Investment Securities
Amortized Cost	[1]	61,737	52,694
Gross Unrealized Gains	[1]	466	1,359
Gross Unrealized Losses	[1]	(295)	(135)
Fair Value	[1]	61,908	53,918
Other commercial mortgage-backed securities | Investment grade
Schedule of Available-for-sale Investment Securities
Amortized Cost	[1]		34,000
Gross Unrealized Gains	[1]		53
Fair Value	[1]		34,053
Corporate debt securities | Investment grade
Schedule of Available-for-sale Investment Securities
Amortized Cost	[1]	157,200	116,236
Gross Unrealized Gains	[1]	336
Gross Unrealized Losses	[1]	(558)	(1,054)
Fair Value	[1]	156,978	115,182
Corporate debt securities | Non-investment grade
Schedule of Available-for-sale Investment Securities
Amortized Cost	[1]	11,525	17,881
Gross Unrealized Losses	[1]	(1,500)	(3,200)
Fair Value	[1]	10,025	14,681
Other securities
Schedule of Available-for-sale Investment Securities
Amortized Cost		45,914	41,589
Gross Unrealized Gains		157	243
Gross Unrealized Losses		(332)	(716)
Fair Value		$ 45,739	$ 41,116
[1]	Available-for-sale investment securities rated BBB- or higher by S&P or Baa3 or higher by Moody's are considered investment grade. Conversely, available-for-sale investment securities rated lower than BBB- by S&P or lower than Baa3 by Moody's are considered non-investment grade.

AVAILABLE-FOR-SALE INVESTMENT52

AVAILABLE-FOR-SALE INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule of Available-for-sale Investment Securities
Proceeds from sales		$ 292,561	$ 21,611	$ 473,062	$ 351,842
Gross realized gains		5,554	671	9,958	4,216
Gross realized losses	[1]				127
Related tax expense		$ 2,333	$ 282	$ 4,182	1,717
MetroCorp
Schedule of Available-for-sale Investment Securities
Gross realized losses					$ 127
[1]	The gross $127 thousand of losses resulted from the available-for-sale investment securities acquired from MetroCorp which were sold immediately after the acquisition closed.

AVAILABLE-FOR-SALE INVESTMENT53

AVAILABLE-FOR-SALE INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings
OTTI credit losses	$ 0	$ 0	$ 0	$ 0
Gross realized gains
Gross realized gains	5,554	671	9,958	4,216
Corporate debt securities | Non-investment grade
Gross realized gains
Gross realized gains			960
Available-for-sale investment securities
Other than Temporary Impairment, Credit Losses Recognized in Earnings
Beginning balance			112,338	115,511
Reduction for securities sold			(5,650)
Ending balance	$ 106,688	$ 115,511	$ 106,688	$ 115,511

AVAILABLE-FOR-SALE INVESTMENT54

AVAILABLE-FOR-SALE INVESTMENT SECURITIES (Details 4) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	$ 626,362	$ 414,390
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(4,766)	(2,051)
Continuous unrealized loss position 12 months or more, Fair Value	325,703	718,223
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(6,184)	(11,917)
Continuous unrealized loss position total, Fair Value	952,065	1,132,613
Continuous unrealized loss position total, Gross Unrealized Losses	(10,950)	(13,968)
U.S. Treasury securities
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	61,141	170,260
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(30)	(266)
Continuous unrealized loss position 12 months or more, Fair Value	50,766	163,800
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(142)	(1,371)
Continuous unrealized loss position total, Fair Value	111,907	334,060
Continuous unrealized loss position total, Gross Unrealized Losses	(172)	(1,637)
U.S. government agency and U.S. government sponsored enterprise debt securities
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	256,518	69,438
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(1,106)	(504)
Continuous unrealized loss position 12 months or more, Fair Value	24,887	124,104
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(110)	(889)
Continuous unrealized loss position total, Fair Value	281,405	193,542
Continuous unrealized loss position total, Gross Unrealized Losses	(1,216)	(1,393)
U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	86,572	45,405
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(504)	(257)
Continuous unrealized loss position 12 months or more, Fair Value	21,982	16,169
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(441)	(336)
Continuous unrealized loss position total, Fair Value	108,554	61,574
Continuous unrealized loss position total, Gross Unrealized Losses	(945)	(593)
U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	135,426	81,927
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(1,115)	(270)
Continuous unrealized loss position 12 months or more, Fair Value	96,853	241,047
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(1,956)	(3,808)
Continuous unrealized loss position total, Fair Value	232,279	322,974
Continuous unrealized loss position total, Gross Unrealized Losses	$ (3,071)	$ (4,078)
Percentage of the total available-for-sale investment securities portfolio	23.00%	30.00%
Municipal securities
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	$ 52,924	$ 6,391
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(1,906)	(26)
Continuous unrealized loss position 12 months or more, Fair Value	15,262	61,107
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(955)	(1,136)
Continuous unrealized loss position total, Fair Value	68,186	67,498
Continuous unrealized loss position total, Gross Unrealized Losses	$ (2,861)	$ (1,162)
Percentage of the total available-for-sale investment securities portfolio	7.00%	10.00%
Other residential mortgage-backed securities | Investment grade
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	$ 5,684
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(16)
Continuous unrealized loss position 12 months or more, Fair Value	6,589	$ 7,217
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(279)	(135)
Continuous unrealized loss position total, Fair Value	12,273	7,217
Continuous unrealized loss position total, Gross Unrealized Losses	(295)	(135)
Corporate debt securities | Investment grade
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	10,050	25,084
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(36)	(12)
Continuous unrealized loss position 12 months or more, Fair Value	90,618	90,098
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(522)	(1,042)
Continuous unrealized loss position total, Fair Value	100,668	115,182
Continuous unrealized loss position total, Gross Unrealized Losses	(558)	(1,054)
Corporate debt securities | Non-investment grade
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position 12 months or more, Fair Value	10,025	14,681
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(1,500)	(3,200)
Continuous unrealized loss position total, Fair Value	10,025	14,681
Continuous unrealized loss position total, Gross Unrealized Losses	$ (1,500)	$ (3,200)
Percentage of the total available-for-sale investment securities portfolio	1.00%	1.00%
Other securities
Gross unrealized losses and related fair values of individual securities in a continuous unrealized loss position
Continuous unrealized loss position less than 12 months, Fair Value	$ 18,047	$ 15,885
Continuous unrealized loss position less than 12 months, Gross Unrealized Losses	(53)	(716)
Continuous unrealized loss position 12 months or more, Fair Value	8,721
Continuous unrealized loss position 12 months or more, Gross Unrealized Losses	(279)
Continuous unrealized loss position total, Fair Value	26,768	15,885
Continuous unrealized loss position total, Gross Unrealized Losses	$ (332)	$ (716)

AVAILABLE-FOR-SALE INVESTMENT55

AVAILABLE-FOR-SALE INVESTMENT SECURITIES (Details 5) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Scheduled maturities of available-for sale investment securities, Amortized Cost
Due within one year	$ 432,277
Due after one year through five years	1,407,326
Due after five years through ten years	328,129
Due after ten years	805,203
Total available-for-sale investment securities	2,972,935
Scheduled maturities of available-for sale investment securities, Estimated Fair Value
Due within one year	430,898
Due after one year through five years	1,414,615
Due after five years through ten years	325,541
Due after ten years	811,092
Fair Value	2,982,146	$ 2,626,365
Par value of securities pledged to secure public deposits	$ 1,680,000	$ 1,930,000

DERIVATIVES (Details)

DERIVATIVES (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Fair Values of Derivative Instruments
Derivative Assets		$ 10,752	$ 12,383
Derivative Liabilities		54,746	56,493
Designated as Hedging Instrument
Fair Values of Derivative Instruments
Notional Amount		116,642	132,667
Derivative Liabilities	[1]	8,177	9,922
Designated as Hedging Instrument | Interest rate swaps on certificates of deposit
Fair Values of Derivative Instruments
Notional Amount		116,642	132,667
Derivative Liabilities	[1]	8,177	9,922
Derivative instruments not designated as hedging instruments
Fair Values of Derivative Instruments
Notional Amount		6,436,134	5,672,472
Derivative Assets	[1]	55,468	55,788
Derivative Liabilities	[1]	53,996	54,334
Derivative instruments not designated as hedging instruments | Foreign exchange options
Fair Values of Derivative Instruments
Notional Amount			85,614
Derivative Assets	[1]		6,136
Derivative instruments not designated as hedging instruments | Embedded derivative liabilities
Fair Values of Derivative Instruments
Notional Amount			47,838
Derivative Liabilities	[1]		3,392
Derivative instruments not designated as hedging instruments | Interest rate swaps and caps
Fair Values of Derivative Instruments
Notional Amount		5,403,687	4,858,391
Derivative Assets	[1]	44,424	41,534
Derivative Liabilities	[1]	43,810	41,779
Derivative instruments not designated as hedging instruments | Foreign exchange contracts
Fair Values of Derivative Instruments
Notional Amount		1,032,447	680,629
Derivative Assets	[1]	11,044	8,118
Derivative Liabilities	[1]	$ 10,186	$ 9,163
[1]	Derivative assets are included in Other Assets. Derivative liabilities are included in Accrued Expenses and Other liabilities, and Interest-Bearing Deposits.

DERIVATIVES (Details 2)

DERIVATIVES (Details 2) - Interest Expense - Interest rate swaps on certificates of deposit - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net gains (losses) recognized in the Income Statement
Gains (losses) recognized on interest rate swaps	$ (2,291)	$ 3,045	$ 757	$ 5,750
Net amount recognized on fair value hedges (ineffective portion)	3	591	356	360
Certificates of deposit
Net gains (losses) recognized in the Income Statement
Gains (losses) recognized on certificates of deposit	$ 2,294	$ (2,454)	$ (401)	$ (5,390)

DERIVATIVES (Details 3)

DERIVATIVES (Details 3) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2010	Jun. 30, 2015	Dec. 31, 2014
Derivatives
Fair value of derivative asset			$ 10,752	$ 12,383
Fair value of derivative liability			54,746	56,493
Credit Risk-Related Contingent Feature
Additional collateral required if credit rating is downgraded below investment grade			0	0
Foreign exchange options
Derivatives
Term of contract		5 years
Derivative instruments not designated as hedging instruments
Derivatives
Notional Amount			6,436,134	5,672,472
Fair value of derivative asset	[1]		55,468	55,788
Fair value of derivative liability	[1]		53,996	54,334
Derivative instruments not designated as hedging instruments | Foreign exchange options
Derivatives
Notional Amount				85,614
Fair value of derivative asset	[1]			6,136
Derivative instruments not designated as hedging instruments | Interest rate swaps and caps
Derivatives
Notional Amount			5,403,687	4,858,391
Notional amount of derivative assets			2,720,000	2,450,000
Notional amount of derivative liabilities			2,680,000	2,400,000
Fair value of derivative asset	[1]		44,424	41,534
Fair value of derivative liability	[1]		43,810	41,779
Derivative instruments not designated as hedging instruments | Short-term foreign exchange contracts
Derivatives
Notional Amount			1,030,000	680,600
Fair value of derivative asset			11,000	8,100
Fair value of derivative liability			$ 10,200	$ 9,200
[1]	Derivative assets are included in Other Assets. Derivative liabilities are included in Accrued Expenses and Other liabilities, and Interest-Bearing Deposits.

DERIVATIVES (Details 4)

DERIVATIVES (Details 4) - Derivative instruments not designated as hedging instruments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss)
Total net gains (losses)	$ 2,165	$ (460)	$ 2,937	$ (3,643)
Foreign exchange options | Foreign exchange income
Derivative Instruments, Gain (Loss)
Total net gains (losses)	37	173	236	54
Embedded derivative liabilities | Other operating expense
Derivative Instruments, Gain (Loss)
Total net gains (losses)	5	(3)	(136)	(2)
Interest rate swaps and caps | Other operating income
Derivative Instruments, Gain (Loss)
Total net gains (losses)	1,215	(130)	621	(1,066)
Foreign exchange contracts | Foreign exchange income
Derivative Instruments, Gain (Loss)
Total net gains (losses)	$ 908	$ (500)	$ 2,216	$ (2,629)

DERIVATIVES (Details 5)

DERIVATIVES (Details 5) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Assets, Derivatives
Gross Amounts of Recognized Assets		$ 10,752	$ 12,383
Gross Amounts Offset On the Consolidated Balance Sheet		0	0
Net Amounts of Assets Presented on the Consolidated Balance Sheet		10,752	12,383
Gross Amounts Not Offset on the Consolidated Balance Sheet
Financial Instruments	[1]	(4,702)	(5,718)
Collateral Received	[2]	(5,330)	(3,460)
Net Amount		720	3,205
Cash collateral received		5,300	3,500
Liabilities, Derivatives
Gross Amounts of Recognized Liabilities		54,746	56,493
Gross Amounts Offset On the Consolidated Balance Sheet		0	0
Net Amounts of Liabilities Presented on the Consolidated Balance Sheet		54,746	56,493
Gross Amounts Not Offset on the Consolidated Balance Sheet
Financial Instruments	[1]	(4,702)	(5,718)
Collateral Posted	[3]	(49,308)	(49,948)
Net Amount		736	827
Cash collateral posted		$ 14,500	$ 12,500
[1]	Represents the netting of derivative receivable and payable balances for the same counterparty under enforceable master netting arrangements if the Company has elected to net.
[2]	Represents $5.3 million and $3.5 million of cash collateral received against derivative assets with the same counterparty that are subject to enforceable master netting arrangements as of June 30, 2015 and December 31, 2014, respectively.
[3]	Represents cash and securities pledged against derivative liabilities with the same counterparty that are subject to enforceable master netting arrangements. Includes approximately $14.5 million and $12.5 million of cash collateral posted as of June 30, 2015 and December 31, 2014, respectively.

LOANS RECEIVABLE AND ALLOWANC61

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Allowance for loan losses		$ (261,229)		$ (261,679)
Loans, net	[1]	21,697,435		21,468,270
Non-PCI loans
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Loans, net		20,526,245		20,146,871
PCI loans
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Loans, net	[1]	1,171,190		1,321,399
Loans Receivable
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	21,964,612		21,727,145
Unearned fees, premiums and discounts, net		(5,948)		2,804
Allowance for loan losses		(261,229)	$ (257,738)	(261,679)	$ (251,348)	$ (252,136)	$ (249,675)
Loans Receivable | CRE
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	7,286,873		6,819,513
Loans Receivable | CRE | Income producing
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	6,714,165		6,256,059
Loans Receivable | CRE | Construction
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	377,774		332,287
Loans Receivable | CRE | Land
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	194,934		231,167
Loans Receivable | C&I
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	8,150,664		8,077,201
Loans Receivable | C&I | Commercial business
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	7,377,605		7,181,189
Loans Receivable | C&I | Trade finance
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	773,059		896,012
Loans Receivable | Residential
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	4,797,632		5,316,689
Loans Receivable | Residential | Single-family
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	3,323,152		3,866,781
Loans Receivable | Residential | Multifamily
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	1,474,480		1,449,908
Loans Receivable | Consumer
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	1,729,443		1,513,742
Loans Receivable | Non-PCI loans
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		20,792,810		20,405,032
Unearned fees, premiums and discounts, net		(5,948)		2,804
Allowance for loan losses		(260,617)	(257,095)	(260,965)	(249,790)	(249,934)	(247,406)
Loans Receivable | Non-PCI loans | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		20,024,124		19,625,603
Loans Receivable | Non-PCI loans | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		237,566		213,007
Loans Receivable | Non-PCI loans | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		527,353		565,834
Loans Receivable | Non-PCI loans | Doubtful
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		3,767		533
Loans Receivable | Non-PCI loans | Loss
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans				55
Loans Receivable | Non-PCI loans | CRE
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		6,640,321		6,102,216
Allowance for loan losses		(75,496)	(69,740)	(72,263)	(60,895)	(63,627)	(70,154)
Loans Receivable | Non-PCI loans | CRE | Income producing
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		6,087,661		5,568,046
Loans Receivable | Non-PCI loans | CRE | Income producing | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		5,810,946		5,243,640
Loans Receivable | Non-PCI loans | CRE | Income producing | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		48,382		54,673
Loans Receivable | Non-PCI loans | CRE | Income producing | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		228,333		269,733
Loans Receivable | Non-PCI loans | CRE | Construction
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		370,323		319,843
Loans Receivable | Non-PCI loans | CRE | Construction | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		366,869		310,259
Loans Receivable | Non-PCI loans | CRE | Construction | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans				11
Loans Receivable | Non-PCI loans | CRE | Construction | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		3,454		9,573
Loans Receivable | Non-PCI loans | CRE | Land
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		182,337		214,327
Loans Receivable | Non-PCI loans | CRE | Land | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		159,751		185,220
Loans Receivable | Non-PCI loans | CRE | Land | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans				5,701
Loans Receivable | Non-PCI loans | CRE | Land | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		22,586		23,406
Loans Receivable | Non-PCI loans | C&I
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		8,079,552		7,987,581
Allowance for loan losses		(133,962)	(133,914)	(134,598)	(131,057)	(127,156)	(115,184)
Loans Receivable | Non-PCI loans | C&I | Commercial business
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		7,311,273		7,097,853
Loans Receivable | Non-PCI loans | C&I | Commercial business | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		6,978,635		6,836,914
Loans Receivable | Non-PCI loans | C&I | Commercial business | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		162,020		130,319
Loans Receivable | Non-PCI loans | C&I | Commercial business | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		166,851		130,032
Loans Receivable | Non-PCI loans | C&I | Commercial business | Doubtful
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		3,767		533
Loans Receivable | Non-PCI loans | C&I | Commercial business | Loss
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans				55
Loans Receivable | Non-PCI loans | C&I | Trade finance
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		768,279		889,728
Loans Receivable | Non-PCI loans | C&I | Trade finance | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		726,648		845,889
Loans Receivable | Non-PCI loans | C&I | Trade finance | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		19,193		13,031
Loans Receivable | Non-PCI loans | C&I | Trade finance | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		22,438		30,808
Loans Receivable | Non-PCI loans | Residential
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		4,370,115		4,831,279
Allowance for loan losses		(40,668)	(42,990)	(43,856)	(45,949)	(47,995)	(50,716)
Loans Receivable | Non-PCI loans | Residential | Single-family
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		3,119,679		3,647,262
Loans Receivable | Non-PCI loans | Residential | Single-family | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		3,095,832		3,627,491
Loans Receivable | Non-PCI loans | Residential | Single-family | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		5,627		3,143
Loans Receivable | Non-PCI loans | Residential | Single-family | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		18,220		16,628
Loans Receivable | Non-PCI loans | Residential | Multifamily
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		1,250,436		1,184,017
Loans Receivable | Non-PCI loans | Residential | Multifamily | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		1,186,826		1,095,982
Loans Receivable | Non-PCI loans | Residential | Multifamily | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		985		5,124
Loans Receivable | Non-PCI loans | Residential | Multifamily | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		62,625		82,911
Loans Receivable | Non-PCI loans | Consumer
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		1,702,822		1,483,956
Allowance for loan losses		(10,491)	(10,451)	(10,248)	(11,889)	(11,156)	(11,352)
Loans Receivable | Non-PCI loans | Consumer | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		1,698,617		1,480,208
Loans Receivable | Non-PCI loans | Consumer | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		1,359		1,005
Loans Receivable | Non-PCI loans | Consumer | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		2,846		2,743
Loans Receivable | PCI loans
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	1,171,802		1,322,113
Allowance for loan losses		(612)	$ (643)	(714)	$ (1,558)	$ (2,202)	$ (2,269)
Loans Receivable | PCI loans | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		995,270		1,089,726
Loans Receivable | PCI loans | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		9,584		18,688
Loans Receivable | PCI loans | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		166,948		213,699
Loans Receivable | PCI loans | CRE
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	646,552		717,297
Loans Receivable | PCI loans | CRE | Income producing
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	626,504		688,013
Loans Receivable | PCI loans | CRE | Income producing | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		505,872		534,015
Loans Receivable | PCI loans | CRE | Income producing | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		6,920		9,960
Loans Receivable | PCI loans | CRE | Income producing | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		113,712		144,038
Loans Receivable | PCI loans | CRE | Construction
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	7,451		12,444
Loans Receivable | PCI loans | CRE | Construction | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		584		589
Loans Receivable | PCI loans | CRE | Construction | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans				1,744
Loans Receivable | PCI loans | CRE | Construction | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		6,867		10,111
Loans Receivable | PCI loans | CRE | Land
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	12,597		16,840
Loans Receivable | PCI loans | CRE | Land | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		10,333		7,012
Loans Receivable | PCI loans | CRE | Land | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans				5,391
Loans Receivable | PCI loans | CRE | Land | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		2,264		4,437
Loans Receivable | PCI loans | C&I
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	71,112		89,620
Loans Receivable | PCI loans | C&I | Commercial business
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	66,332		83,336
Loans Receivable | PCI loans | C&I | Commercial business | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		58,216		70,586
Loans Receivable | PCI loans | C&I | Commercial business | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		930		1,103
Loans Receivable | PCI loans | C&I | Commercial business | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		7,186		11,647
Loans Receivable | PCI loans | C&I | Trade finance
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	4,780		6,284
Loans Receivable | PCI loans | C&I | Trade finance | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		3,073		4,620
Loans Receivable | PCI loans | C&I | Trade finance | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		1,707		1,664
Loans Receivable | PCI loans | Residential
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	427,517		485,410
Loans Receivable | PCI loans | Residential | Single-family
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	203,473		219,519
Loans Receivable | PCI loans | Residential | Single-family | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		198,113		213,829
Loans Receivable | PCI loans | Residential | Single-family | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		957		374
Loans Receivable | PCI loans | Residential | Single-family | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		4,403		5,316
Loans Receivable | PCI loans | Residential | Multifamily
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	224,044		265,891
Loans Receivable | PCI loans | Residential | Multifamily | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		193,061		230,049
Loans Receivable | PCI loans | Residential | Multifamily | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		664
Loans Receivable | PCI loans | Residential | Multifamily | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		30,319		35,842
Loans Receivable | PCI loans | Consumer
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans	[1]	26,621		29,786
Loans Receivable | PCI loans | Consumer | Pass/Watch
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		26,018		29,026
Loans Receivable | PCI loans | Consumer | Special Mention
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		113		116
Loans Receivable | PCI loans | Consumer | Substandard
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Total loans		$ 490		$ 644
[1]	Loans net of ASC 310-30 discount.

LOANS RECEIVABLE AND ALLOWANC62

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 2) - Loans Receivable $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)item	Dec. 31, 2014USD ($)
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Loans receivable pledged to secure borrowings and to provide additional borrowing capacity from the FHLB and the Federal Reserve Bank | $	$ 15,400	$ 14,660
Number of grades in the risk rating system utilized by the company to rate credit risk of loans receivable	7
Residential | Single-family | Minimum
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Number of units of residential property securing fixed and adjustable rate first mortgage loans	1
Adjustable rate mortgage, term of initial fixed interest rates	1 year
Residential | Single-family | Maximum
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Number of units of residential property securing fixed and adjustable rate first mortgage loans	4
Adjustable rate mortgage, term of initial fixed interest rates	3 years
Residential | Multifamily | Minimum
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Adjustable rate mortgage, term of initial fixed interest rates	6 months
Residential | Multifamily | Maximum
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Adjustable rate mortgage, term of initial fixed interest rates	3 years

LOANS RECEIVABLE AND ALLOWANC63

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 3) - Loans Receivable - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Nonaccrual and Past Due Loans
Total loans	[1]	$ 21,964,612	$ 21,727,145
Unearned fees, premiums and discounts, net		$ (5,948)	2,804
Number of days a loan is past due and is placed on nonaccrual status		90 days
CRE
Nonaccrual and Past Due Loans
Total loans	[1]	$ 7,286,873	6,819,513
CRE | Income producing
Nonaccrual and Past Due Loans
Total loans	[1]	6,714,165	6,256,059
CRE | Construction
Nonaccrual and Past Due Loans
Total loans	[1]	377,774	332,287
CRE | Land
Nonaccrual and Past Due Loans
Total loans	[1]	194,934	231,167
C&I
Nonaccrual and Past Due Loans
Total loans	[1]	8,150,664	8,077,201
C&I | Commercial business
Nonaccrual and Past Due Loans
Total loans	[1]	7,377,605	7,181,189
C&I | Trade finance
Nonaccrual and Past Due Loans
Total loans	[1]	773,059	896,012
Residential
Nonaccrual and Past Due Loans
Total loans	[1]	4,797,632	5,316,689
Residential | Single-family
Nonaccrual and Past Due Loans
Total loans	[1]	3,323,152	3,866,781
Residential | Multifamily
Nonaccrual and Past Due Loans
Total loans	[1]	1,474,480	1,449,908
Consumer
Nonaccrual and Past Due Loans
Total loans	[1]	1,729,443	1,513,742
Non-PCI loans
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		34,782	30,318
Accruing loans 60 - 89 days past due		22,786	9,917
Total accruing past due loans		57,568	40,235
Nonaccrual loans less than 90 days past due		39,100	41,770
Nonaccrual loans 90 or more days past due		48,057	58,492
Total nonaccrual loans		87,157	100,262
Current accruing loans		20,648,085	20,264,535
Total loans		20,792,810	20,405,032
Unearned fees, premiums and discounts, net		(5,948)	2,804
Total recorded investment in non-PCI loans		20,786,862	20,407,836
Non-PCI loans | CRE
Nonaccrual and Past Due Loans
Total loans		6,640,321	6,102,216
Non-PCI loans | CRE | Income producing
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		6,761	14,171
Accruing loans 60 - 89 days past due		3,762	3,593
Total accruing past due loans		10,523	17,764
Nonaccrual loans less than 90 days past due		18,858	19,348
Nonaccrual loans 90 or more days past due		12,193	9,165
Total nonaccrual loans		31,051	28,513
Current accruing loans		6,046,087	5,521,769
Total loans		6,087,661	5,568,046
Non-PCI loans | CRE | Construction
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		4,982
Total accruing past due loans		4,982
Nonaccrual loans less than 90 days past due		14	15
Nonaccrual loans 90 or more days past due			6,898
Total nonaccrual loans		14	6,913
Current accruing loans		365,327	312,930
Total loans		370,323	319,843
Non-PCI loans | CRE | Land
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		5,701
Total accruing past due loans		5,701
Nonaccrual loans less than 90 days past due		308	221
Nonaccrual loans 90 or more days past due		4,743	2,502
Total nonaccrual loans		5,051	2,723
Current accruing loans		171,585	211,604
Total loans		182,337	214,327
Non-PCI loans | C&I
Nonaccrual and Past Due Loans
Total loans		8,079,552	7,987,581
Non-PCI loans | C&I | Commercial business
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		2,973	3,187
Accruing loans 60 - 89 days past due		11,429	4,361
Total accruing past due loans		14,402	7,548
Nonaccrual loans less than 90 days past due		6,987	6,623
Nonaccrual loans 90 or more days past due		23,508	21,813
Total nonaccrual loans		30,495	28,436
Current accruing loans		7,266,376	7,061,869
Total loans		7,311,273	7,097,853
Non-PCI loans | C&I | Trade finance
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		2,500
Accruing loans 60 - 89 days past due		470
Total accruing past due loans		2,970
Nonaccrual loans less than 90 days past due			73
Nonaccrual loans 90 or more days past due			292
Total nonaccrual loans			365
Current accruing loans		765,309	889,363
Total loans		768,279	889,728
Non-PCI loans | Residential
Nonaccrual and Past Due Loans
Total loans		4,370,115	4,831,279
Non-PCI loans | Residential | Single-family
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		8,081	6,381
Accruing loans 60 - 89 days past due		4,167	1,294
Total accruing past due loans		12,248	7,675
Nonaccrual loans less than 90 days past due		2,736	2,861
Nonaccrual loans 90 or more days past due		5,713	5,764
Total nonaccrual loans		8,449	8,625
Current accruing loans		3,098,982	3,630,962
Total loans		3,119,679	3,647,262
Non-PCI loans | Residential | Multifamily
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		945	4,425
Accruing loans 60 - 89 days past due		1,999	507
Total accruing past due loans		2,944	4,932
Nonaccrual loans less than 90 days past due		10,034	12,460
Nonaccrual loans 90 or more days past due		1,375	8,359
Total nonaccrual loans		11,409	20,819
Current accruing loans		1,236,083	1,158,266
Total loans		1,250,436	1,184,017
Non-PCI loans | Consumer
Nonaccrual and Past Due Loans
Accruing loans 30 - 59 days past due		2,839	2,154
Accruing loans 60 - 89 days past due		959	162
Total accruing past due loans		3,798	2,316
Nonaccrual loans less than 90 days past due		163	169
Nonaccrual loans 90 or more days past due		525	3,699
Total nonaccrual loans		688	3,868
Current accruing loans		1,698,336	1,477,772
Total loans		$ 1,702,822	$ 1,483,956
[1]	Loans net of ASC 310-30 discount.

LOANS RECEIVABLE AND ALLOWANC64

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Loans in process of foreclosure
Other real estate owned, net	$ 25,792	$ 32,111
Residential
Loans in process of foreclosure
Recorded investment of consumer mortgage loans for which formal foreclosure proceedings are in process	22,200	16,900
Loans Receivable | PCI loans
Nonaccrual loans
Loans on nonaccrual status	59,100	63,400
Residential real estate properties
Loans in process of foreclosure
Carrying amount of foreclosed residential real estate properties included in total net OREO	$ 4,100	$ 3,500

LOANS RECEIVABLE AND ALLOWANC65

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 5) - Loans Receivable $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015USD ($)contract	Jun. 30, 2014USD ($)contract	Jun. 30, 2015USD ($)contract	Jun. 30, 2014USD ($)contract	Dec. 31, 2014USD ($)
Loans Modified as TDRs
Period beyond which a TDR generally becomes delinquent				90 days
Non-PCI loans
Loans Modified as TDRs
Number of contracts modified as TDRs that subsequently defaulted | contract		0		0
Non-PCI loans | CRE
Loans Modified as TDRs
Post-Modification Outstanding Recorded Investment		$ 100	$ 5,300	$ 918	$ 5,300
Number of contracts modified as TDRs that subsequently defaulted | contract					1
Balance of loans modified as TDRs that subsequently defaulted					$ 2,700
Non-PCI loans | CRE | Income producing
Loans Modified as TDRs
Number of Contracts | contract			2	1	2
Pre-Modification Outstanding Recorded Investment			$ 5,318	$ 828	$ 5,318
Post-Modification Outstanding Recorded Investment	[1]		5,254	$ 818	5,254
Non-PCI loans | CRE | Land
Loans Modified as TDRs
Number of Contracts | contract		1		1
Pre-Modification Outstanding Recorded Investment		$ 171		$ 171
Post-Modification Outstanding Recorded Investment	[1]	100		100
Financial Impact	[2]	102		102
Non-PCI loans | C&I
Loans Modified as TDRs
Post-Modification Outstanding Recorded Investment		$ 38,100	$ 1,200	$ 38,300	$ 2,800
Number of contracts modified as TDRs that subsequently defaulted | contract			1		1
Balance of loans modified as TDRs that subsequently defaulted			$ 500		$ 500
Non-PCI loans | C&I | Commercial business
Loans Modified as TDRs
Number of Contracts | contract		12	2	13	7
Pre-Modification Outstanding Recorded Investment		$ 37,924	$ 1,165	$ 38,090	$ 2,886
Post-Modification Outstanding Recorded Investment	[1]	38,117	1,155	38,280	2,828
Financial Impact	[2]	5,465	563	5,497	1,811
Non-PCI loans | Residential
Loans Modified as TDRs
Post-Modification Outstanding Recorded Investment			$ 4,000	$ 281	$ 8,100
Non-PCI loans | Residential | Single-family
Loans Modified as TDRs
Number of Contracts | contract			1	1	4
Pre-Modification Outstanding Recorded Investment			$ 1,032	$ 281	$ 6,855
Post-Modification Outstanding Recorded Investment	[1]		$ 1,030	281	$ 5,105
Financial Impact	[2]			2
Non-PCI loans | Residential | Multifamily
Loans Modified as TDRs
Number of Contracts | contract			1		1
Pre-Modification Outstanding Recorded Investment			$ 2,513		$ 2,513
Post-Modification Outstanding Recorded Investment	[1]		$ 2,973		$ 2,973
Performing loan | A/B Note Splits
Loans Modified as TDRs
Loan balance of restructured loans		$ 2,800		$ 2,800		$ 2,900
[1]	Includes subsequent payments after modification and reflects the balance as of June 30, 2015 and 2014.
[2]	The financial impact includes charge-offs and specific reserves recorded at modification date.

LOANS RECEIVABLE AND ALLOWANC66

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 6) - Non-PCI loans - Loans Receivable - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Impaired loans disclosures
Unpaid Principal Balance		$ 203,119		$ 203,119		$ 194,456
Recorded Investment With No Allowance		81,288		81,288		93,077
Recorded Investment With Allowance		93,350		93,350		71,655
Total Recorded Investment		174,638		174,638		164,732
Related Allowance		25,076		25,076		19,464
Average Recorded Investment		177,402	$ 172,844	176,918	$ 173,828
Recognized Interest Income (accrual basis)	[1]	1,226	813	2,511	1,693
Consumer
Impaired loans disclosures
Unpaid Principal Balance		1,253		1,253		1,259
Recorded Investment With No Allowance		643		643		1,151
Recorded Investment With Allowance		610		610		108
Total Recorded Investment		1,253		1,253		1,259
Related Allowance		2		2		1
Average Recorded Investment		1,256	755	1,258	752
Recognized Interest Income (accrual basis)	[1]	12	7	23	14
Income producing | CRE
Impaired loans disclosures
Unpaid Principal Balance		53,002		53,002		58,900
Recorded Investment With No Allowance		34,274		34,274		35,495
Recorded Investment With Allowance		11,295		11,295		15,646
Total Recorded Investment		45,569		45,569		51,141
Related Allowance		1,447		1,447		1,581
Average Recorded Investment		46,042	59,121	46,897	59,917
Recognized Interest Income (accrual basis)	[1]	134	281	268	627
Construction | CRE
Impaired loans disclosures
Unpaid Principal Balance		57		57		6,913
Recorded Investment With No Allowance						6,913
Recorded Investment With Allowance		14		14
Total Recorded Investment		14		14		6,913
Related Allowance		3		3
Average Recorded Investment		14	6,888	14	6,888
Land | CRE
Impaired loans disclosures
Unpaid Principal Balance		10,755		10,755		13,291
Recorded Investment With No Allowance		4,455		4,455		2,838
Recorded Investment With Allowance		1,354		1,354		5,622
Total Recorded Investment		5,809		5,809		8,460
Related Allowance		191		191		1,906
Average Recorded Investment		5,876	12,128	5,951	12,179
Recognized Interest Income (accrual basis)	[1]	10	75	20	149
Commercial business | C&I
Impaired loans disclosures
Unpaid Principal Balance		83,775		83,775		44,569
Recorded Investment With No Allowance		18,687		18,687		12,723
Recorded Investment With Allowance		52,778		52,778		25,717
Total Recorded Investment		71,465		71,465		38,440
Related Allowance		22,584		22,584		15,174
Average Recorded Investment		73,306	41,592	71,644	42,682
Recognized Interest Income (accrual basis)	[1]	761	209	1,550	420
Trade finance | C&I
Impaired loans disclosures
Unpaid Principal Balance		11,452		11,452		12,967
Recorded Investment With No Allowance						6,431
Recorded Investment With Allowance		11,452		11,452		274
Total Recorded Investment		11,452		11,452		6,705
Related Allowance		106		106		28
Average Recorded Investment		11,623	546	11,739	559
Recognized Interest Income (accrual basis)	[1]	51	4	134	8
Single-family | Residential
Impaired loans disclosures
Unpaid Principal Balance		16,926		16,926		18,908
Recorded Investment With No Allowance		5,930		5,930		6,003
Recorded Investment With Allowance		9,606		9,606		11,398
Total Recorded Investment		15,536		15,536		17,401
Related Allowance		493		493		461
Average Recorded Investment		15,595	15,131	15,658	14,034
Recognized Interest Income (accrual basis)	[1]	68	57	137	115
Multifamily | Residential
Impaired loans disclosures
Unpaid Principal Balance		25,899		25,899		37,649
Recorded Investment With No Allowance		17,299		17,299		21,523
Recorded Investment With Allowance		6,241		6,241		12,890
Total Recorded Investment		23,540		23,540		34,413
Related Allowance		250		250		$ 313
Average Recorded Investment		23,690	36,683	23,757	36,817
Recognized Interest Income (accrual basis)	[1]	$ 190	$ 180	$ 379	$ 360
[1]	Includes interest recognized on accruing non-PCI TDRs. Interest payments received on nonaccrual non-PCI loans are generally reflected as a reduction of principal and not as interest income.

LOANS RECEIVABLE AND ALLOWANC67

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 7) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Financing Receivable Allowance for Credit Losses Roll Forward
Beginning balance			$ 261,679
(Reversal of) provision for loan losses	$ 3,494	$ 8,000	8,481	$ 14,933
Ending balance	261,229		261,229
Ending balance allocated to:
Ending balance	261,229		261,679		$ 261,229
Loans Receivable
Financing Receivable Allowance for Credit Losses Roll Forward
Beginning balance	257,738	252,136	261,679	249,675
(Reversal of) provision for loan losses	3,494	8,000	8,481	14,933
Provision allocation for unfunded loan commitments and letters of credit	(4,109)	(829)	(7,029)	(1,044)
Charge-offs	(3,192)	(8,971)	(11,992)	(15,107)
Recoveries	7,298	1,012	10,090	2,891
Net recoveries (charge-offs)	4,106	(7,959)	(1,902)	(12,216)
Ending balance	261,229	251,348	261,229	251,348
Ending balance allocated to:
Individually evaluated for impairment					25,076	$ 24,841
Collectively evaluated for impairment					235,541	224,949
Acquired with deteriorated credit quality					612	1,558
Ending balance	257,738	252,136	261,679	249,675	261,229	251,348
Loans Receivable | Non-PCI loans
Financing Receivable Allowance for Credit Losses Roll Forward
Beginning balance	257,095	249,934	260,965	247,406
(Reversal of) provision for loan losses	3,525	8,121	8,583	15,121
Provision allocation for unfunded loan commitments and letters of credit	(4,109)	(829)	(7,029)	(1,044)
Charge-offs	(3,192)	(8,448)	(11,992)	(14,584)
Recoveries	7,298	1,012	10,090	2,891
Net recoveries (charge-offs)	4,106	(7,436)	(1,902)	(11,693)
Ending balance	260,617	249,790	260,617	249,790
Ending balance allocated to:
Individually evaluated for impairment					25,076	24,841
Collectively evaluated for impairment					235,541	224,949
Ending balance	257,095	249,934	260,965	247,406	260,617	249,790
Loans Receivable | Non-PCI loans | CRE
Financing Receivable Allowance for Credit Losses Roll Forward
Beginning balance	69,740	63,627	72,263	70,154
(Reversal of) provision for loan losses	5,739	(2,387)	3,406	(9,423)
Charge-offs	(348)	(894)	(1,350)	(1,213)
Recoveries	365	549	1,177	1,377
Net recoveries (charge-offs)	17	(345)	(173)	164
Ending balance	75,496	60,895	75,496	60,895
Ending balance allocated to:
Individually evaluated for impairment					1,641	4,546
Collectively evaluated for impairment					73,855	56,349
Ending balance	69,740	63,627	72,263	70,154	75,496	60,895
Loans Receivable | Non-PCI loans | C&I
Financing Receivable Allowance for Credit Losses Roll Forward
Beginning balance	133,914	127,156	134,598	115,184
(Reversal of) provision for loan losses	(2,716)	10,918	2,662	27,510
Charge-offs	(2,843)	(7,413)	(9,432)	(12,944)
Recoveries	5,607	396	6,134	1,307
Net recoveries (charge-offs)	2,764	(7,017)	(3,298)	(11,637)
Ending balance	133,962	131,057	133,962	131,057
Ending balance allocated to:
Individually evaluated for impairment					22,690	18,918
Collectively evaluated for impairment					111,272	112,139
Ending balance	133,914	127,156	134,598	115,184	133,962	131,057
Loans Receivable | Non-PCI loans | Residential
Financing Receivable Allowance for Credit Losses Roll Forward
Beginning balance	42,990	47,995	43,856	50,716
(Reversal of) provision for loan losses	(3,318)	(2,048)	(4,889)	(4,623)
Charge-offs	(1)	(61)	(747)	(344)
Recoveries	997	63	2,448	200
Net recoveries (charge-offs)	996	2	1,701	(144)
Ending balance	40,668	45,949	40,668	45,949
Ending balance allocated to:
Individually evaluated for impairment					743	1,377
Collectively evaluated for impairment					39,925	44,572
Ending balance	42,990	47,995	43,856	50,716	40,668	45,949
Loans Receivable | Non-PCI loans | Consumer
Financing Receivable Allowance for Credit Losses Roll Forward
Beginning balance	10,451	11,156	10,248	11,352
(Reversal of) provision for loan losses	(289)	809	375	613
Charge-offs		(80)	(463)	(83)
Recoveries	329	4	331	7
Net recoveries (charge-offs)	329	(76)	(132)	(76)
Ending balance	10,491	11,889	10,491	11,889
Ending balance allocated to:
Individually evaluated for impairment					2
Collectively evaluated for impairment					10,489	11,889
Ending balance	10,451	11,156	10,248	11,352	10,491	11,889
Loans Receivable | Non-PCI loans | Unallocated
Financing Receivable Allowance for Credit Losses Roll Forward
(Reversal of) provision for loan losses	4,109	829	7,029	1,044
Provision allocation for unfunded loan commitments and letters of credit	(4,109)	(829)	(7,029)	(1,044)
Loans Receivable | PCI loans
Financing Receivable Allowance for Credit Losses Roll Forward
Beginning balance	643	2,202	714	2,269
(Reversal of) provision for loan losses	(31)	(121)	(102)	(188)
Charge-offs		(523)		(523)
Net recoveries (charge-offs)		(523)		(523)
Ending balance	612	1,558	612	1,558
Ending balance allocated to:
Acquired with deteriorated credit quality					612	1,558
Ending balance	$ 643	$ 2,202	$ 714	$ 2,269	$ 612	$ 1,558

LOANS RECEIVABLE AND ALLOWANC68

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 8) - Loans Receivable - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Recorded investment in total loans receivable related to each balance in the allowance for loan losses
Individually evaluated for impairment		$ 174,638	$ 164,732
Collectively evaluated for impairment		20,618,172	20,240,300
Acquired with deteriorated credit quality	[1]	1,171,802	1,322,113
Total loans	[1]	21,964,612	21,727,145
CRE
Recorded investment in total loans receivable related to each balance in the allowance for loan losses
Individually evaluated for impairment		51,392	66,514
Collectively evaluated for impairment		6,588,929	6,035,702
Acquired with deteriorated credit quality	[1]	646,552	717,297
Total loans	[1]	7,286,873	6,819,513
C&I
Recorded investment in total loans receivable related to each balance in the allowance for loan losses
Individually evaluated for impairment		82,917	45,145
Collectively evaluated for impairment		7,996,635	7,942,436
Acquired with deteriorated credit quality	[1]	71,112	89,620
Total loans	[1]	8,150,664	8,077,201
Residential
Recorded investment in total loans receivable related to each balance in the allowance for loan losses
Individually evaluated for impairment		39,076	51,814
Collectively evaluated for impairment		4,331,039	4,779,465
Acquired with deteriorated credit quality	[1]	427,517	485,410
Total loans	[1]	4,797,632	5,316,689
Consumer
Recorded investment in total loans receivable related to each balance in the allowance for loan losses
Individually evaluated for impairment		1,253	1,259
Collectively evaluated for impairment		1,701,569	1,482,697
Acquired with deteriorated credit quality	[1]	26,621	29,786
Total loans	[1]	$ 1,729,443	$ 1,513,742
[1]	Loans net of ASC 310-30 discount.

LOANS RECEIVABLE AND ALLOWANC69

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 9) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Net payable to the FDIC		$ 105,100	$ 24,300	$ 105,100	$ 24,300
FDIC indemnification asset/(Payable to FDIC, net)
Beginning balance		(101,411)	27,552	(96,106)	74,708
Amortization		(1,257)	(29,303)	(2,799)	(57,793)
Reductions	[1]	(504)	(14,111)	(1,153)	(25,953)
Estimate of FDIC repayment	[2]	(1,882)	(8,475)	(4,996)	(15,299)
Ending Balance		(105,054)	(24,337)	(105,054)	(24,337)
Loans Receivable
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Loans covered under shared-loss agreements		339,500		339,500		$ 1,480,000
Loans Receivable | PCI loans
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Loans covered under shared-loss agreements		297,600		297,600		$ 1,230,000
Changes in the accretable yield for the PCI loans
Beginning balance		293,155	430,456	311,688	461,545
Addition					6,745
Accretion		(23,359)	(65,623)	(53,928)	(127,569)
Changes in expected cash flows		2,066	28,061	14,102	52,173
Ending Balance		$ 271,862	$ 392,894	$ 271,862	$ 392,894
Loans Receivable | United Commercial Bank (UCB) | Covered Loans
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Percentage of eligible losses for which the FDIC is obligated to reimburse the Company		80.00%		80.00%
Percentage of eligible losses in excess of a specified amount for which the FDIC is obligated to reimburse the Company		95.00%		95.00%
Amount of eligible losses over which the FDIC is obligated to reimburse a higher percentage		$ 2,050,000		$ 2,050,000
Percentage obligation to reimburse the FDIC for eligible recoveries related to covered assets		80.00%		80.00%
Percentage obligation to reimburse the FDIC for eligible recoveries related to losses in excess of a specified amount on covered assets		95.00%		95.00%
Loans Receivable | Washington First International Bank (WFIB) | Covered Loans
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Percentage of eligible losses for which the FDIC is obligated to reimburse the Company		80.00%		80.00%
Percentage obligation to reimburse the FDIC for eligible recoveries related to covered assets		80.00%		80.00%
[1]	Reductions relate to charge-offs, partial prepayments, loan payoffs and loan sales which result in a corresponding reduction of the indemnification asset.
[2]	This represents the change in the calculated estimate the Company will be required to pay the FDIC at the end of the FDIC shared-loss agreements, due to lower thresholds of losses.

LOANS RECEIVABLE AND ALLOWANC70

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 10) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Loans Held for Sale
Loans held for sale	$ 195,427		$ 195,427		$ 45,950
Loans receivable reclassified to loans held for sale	329,400	$ 126,700	1,149,830	$ 605,726
Write-down of loans transferred from loans held for investment to loans held for sale recorded to allowance for loan losses	441	0	2,100	0
Amount of loans sold	328,800	280,800	998,600	456,600
Net gain from sale of loans held for sale during the period	5,800	$ 6,800	$ 15,300	$ 13,000
Loans held for sale | Student loans
Loans Held for Sale
LOCOM adjustment	$ 517

INVESTMENTS IN QUALIFIED AFFO71

INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014		Dec. 31, 2014
Impact of new accounting guidance
Investments in qualified affordable housing partnerships, net	$ 176,566			$ 176,566			$ 178,962	[1]
Other assets - Deferred tax assets							389,601
Retained earnings	1,744,955			1,744,955			1,604,141	[1]
Noninterest expense - Amortization of tax credit and other investments	2,997	$ 5,490	[1]	9,296	$ 6,982	[1]
Income before income taxes	144,421	122,966	[1]	291,247	239,129	[1]
Income tax expense	45,673	38,661	[1]	92,472	80,653	[1]
Net income	$ 98,748	$ 84,305	[1]	$ 198,775	$ 158,476	[1]
EARNINGS PER SHARE
BASIC (in dollars per share)	$ 0.69	$ 0.59	[1]	$ 1.38	$ 1.11	[1]
DILUTED (in dollars per share)	$ 0.68	$ 0.59	[1]	$ 1.38	$ 1.11	[1]
Previously Reported
Impact of new accounting guidance
Investments in qualified affordable housing partnerships, net							178,652
Other assets - Deferred tax assets							384,367
Retained earnings							$ 1,598,598
Noninterest expense - Amortization of tax credit and other investments		$ 12,851			$ 18,815
Income before income taxes		115,606			227,296
Income tax expense		31,618			66,567
Net income		$ 83,988			$ 160,729
EARNINGS PER SHARE
BASIC (in dollars per share)		$ 0.59			$ 1.13
DILUTED (in dollars per share)		$ 0.58			$ 1.12
[1]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

INVESTMENTS IN QUALIFIED AFFO72

INVESTMENTS IN QUALIFIED AFFORDABLE HOUSING PARTNERSHIPS, TAX CREDIT AND OTHER INVESTMENTS, NET (Details 2) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014		Dec. 31, 2014
Investments in qualified affordable housing partnership, net
Investments in qualified affordable housing partnerships, net	$ 176,566			$ 176,566			$ 178,962	[1]
Accrued expenses and other liabilities - Unfunded commitments	45,567			45,567			43,311
Tax credits and other tax benefits recognized	8,605	$ 7,649		17,380	$ 15,441
Amortization expense included in income tax expense	6,152	5,357		12,396	10,714
Investments in tax credit and other investments
Investments in tax credit and other investments	147,100			147,100			110,100
Unfunded commitments for investments in tax credit and other investments	93,400			93,400			$ 71,400
Noninterest expense - Amortization of tax credit and other investments	$ 2,997	$ 5,490	[1]	$ 9,296	$ 6,982	[1]
[1]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

GOODWILL AND OTHER INTANGIBLE73

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill	$ 469,433	$ 469,433	$ 458,467

GOODWILL AND OTHER INTANGIBLE74

GOODWILL AND OTHER INTANGIBLE ASSETS (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill impairment					$ 0
Amortization of premiums on deposits acquired	$ 2,337	$ 2,624	$ 4,728	$ 5,124

GOODWILL AND OTHER INTANGIBLE75

GOODWILL AND OTHER INTANGIBLE ASSETS (Details 3) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Estimated Future Amortization Expense of Premiums on Acquired Deposits
Six months ended December 31, 2015	$ 4,506
Year ended December 31, 2016	8,086
Year ended December 31, 2017	6,935
Year ended December 31, 2018	5,883
Year ended December 31, 2019	4,864
Thereafter	10,307
Total	40,581
Premiums on acquired deposits
Premiums on Acquired Deposits
Gross carrying amount of premiums on acquired deposits	108,800	$ 108,800
Accumulated amortization for premiums on acquired deposits	$ 68,200	$ 63,500

COMMITMENTS AND CONTINGENCIES76

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Credit Extensions
Allowance for unfunded loan commitments, off-balance sheet credit exposures and recourse provision	$ 19,700	$ 12,700
Undisbursed Loan Commitments
Credit Extensions
Loan commitments	3,275,323	3,872,223
Commercial and Standby Letters of Credit
Credit Extensions
Commercial and standby letters of credit ("SBLCs")	$ 1,502,351	$ 1,253,066

COMMITMENTS AND CONTINGENCIES77

COMMITMENTS AND CONTINGENCIES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
F&F, LLC and 618 Investment, Inc. v. East West Bank | East West Bank
Litigation
Litigation accrual	$ 33,500	$ 31,600
Loans Sold or Securitized with Recourse
Guarantees
Principal amount of loans sold or securitized	224,200	249,800
Recourse reserve	619	2,200
Loans Sold or Securitized with Full Recourse | Residential | Single-family
Guarantees
Principal amount of loans sold or securitized	32,700	35,500
Loans Sold or Securitized with Limited Recourse | Residential | Multifamily
Guarantees
Principal amount of loans sold or securitized	$ 191,500	$ 214,300
Recourse provision limitation, maximum percentage of the top loss on the multifamily loans	4.00%

STOCKHOLDERS' EQUITY AND EARN78

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jan. 16, 2014
Quarterly Dividends
Dividends for common stock declared (in dollars per share)	$ 0.20	$ 0.18	$ 0.40	$ 0.36
MetroCorp
Class of Stock
Number of shares under warrant					771,429
Common Stock
Class of Stock
Amount of stock repurchase approved by the Board of Directors	$ 100		$ 100
Quarterly Dividends
Dividends for common stock declared (in dollars per share)	$ 0.20
Common stock cash dividends paid	$ 29	$ 26	$ 58	$ 52
Common Stock | MetroCorp
Class of Stock
Number of shares under warrant	230,282		230,282

STOCKHOLDERS' EQUITY AND EARN79

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Details 2) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
EPS calculations
Net income	$ 98,748	$ 84,305	[1]	$ 198,775	$ 158,476	[1]
Less: Earnings allocated to participating securities		(120)		(3)	(283)
Basic EPS - income allocated to common stockholders	98,748	84,185	[1]	198,772	158,193	[1]
Effect of dilutive securities:
Restricted stock units	93	51		197	129
Diluted EPS - income allocated to common stockholders	$ 98,841	$ 84,236	[1]	$ 198,969	$ 158,322	[1]
Number of Shares
Total weighted average basic shares outstanding	143,846	143,187		143,751	142,578
Effect of dilutive securities on weighted average shares outstanding
Stock options (in shares)	1	75		4	77
Restricted stock units (in shares)	470	284		494	359
Warrants (in shares)	163	143		159	144
Total weighted average diluted shares outstanding	144,480	143,689		144,408	143,158
Earnings per share available to common stockholders
Basic EPS - income allocated to common stockholders (in dollars per share)	$ 0.69	$ 0.59	[1]	$ 1.38	$ 1.11	[1]
Diluted EPS - income allocated to common stockholders (in dollars per share)	$ 0.68	$ 0.59	[1]	$ 1.38	$ 1.11	[1]
[1]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

STOCKHOLDERS' EQUITY AND EARN80

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Details 3) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Excluded from the computation of diluted EPS (in shares)	3	2	3	61
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share
Excluded from the computation of diluted EPS (in shares)				40

STOCKHOLDERS' EQUITY AND EARN81

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement
Balance, beginning of the period	$ 13,555	$ (17,037)	$ 4,237	$ (30,459)
Net unrealized (losses) gains arising during period	(4,904)	14,891	6,969	30,296
Reclassification adjustment for gains included in net income	(3,221)	(389)	(5,776)	(2,372)
Net change	(8,125)	14,502	1,193	27,924
Balance, end of the period	5,430	(2,535)	5,430	(2,535)
Available-for-Sale Investment Securities
Statement
Balance, beginning of the period	13,501	(17,099)	4,176	(30,538)
Net unrealized (losses) gains arising during period	(4,914)	14,895	6,966	30,317
Reclassification adjustment for gains included in net income	(3,221)	(389)	(5,776)	(2,372)
Net change	(8,135)	14,506	1,190	27,945
Balance, end of the period	5,366	(2,593)	5,366	(2,593)
Other Investments
Statement
Balance, beginning of the period	54	62	61	79
Net unrealized (losses) gains arising during period	10	(4)	3	(21)
Net change	10	(4)	3	(21)
Balance, end of the period	$ 64	$ 58	$ 64	$ 58

STOCKHOLDERS' EQUITY AND EARN82

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Details 5) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Unrealized (losses) gains on available-for-sale investment securities:
Net unrealized (losses) gains arising during the period, before-tax amount		$ (8,473)	$ 25,681	$ 12,009	$ 52,271
Reclassification adjustment for gains included in net income, before-tax amount	[1]	(5,554)	(671)	(9,958)	(4,089)
Net change, before-tax amount		(14,027)	25,010	2,051	48,182
Unrealized gains (losses) on other investments:
Net unrealized gains (losses) arising during the period, before-tax amount		18	(7)	5	(36)
Net change, before-tax amount		18	(7)	5	(36)
Other comprehensive (loss) income, before-tax amount		(14,009)	25,003	2,056	48,146
Unrealized (losses) gains on available-for-sale investment securities:
Net unrealized (losses) gains arising during the period, tax expense or benefit		3,559	(10,786)	(5,043)	(21,954)
Reclassification adjustment for gains included in net income, tax expense or benefit		2,333	282	4,182	1,717
Net change, tax expense or benefit		5,892	(10,504)	(861)	(20,237)
Unrealized gains (losses) on other investments:
Net unrealized gains (losses) arising during the period, tax expense or benefit		(8)	3	(2)	15
Net change, tax expense or benefit		(8)	3	(2)	15
Other comprehensive (loss) income, tax expense or benefit		5,884	(10,501)	(863)	(20,222)
Unrealized (losses) gains on available-for-sale investment securities:
Net unrealized (losses) gains arising during the period, net-of-tax amount		(4,914)	14,895	6,966	30,317
Reclassification adjustment for gains included in net income, net-of-tax amount		(3,221)	(389)	(5,776)	(2,372)
Net change, net-of-tax amount		(8,135)	14,506	1,190	27,945
Unrealized gains (losses) on other investments:
Net unrealized gains (losses) arising during the period, net-of-tax amount		10	(4)	3	(21)
Net change, net-of-tax amount		10	(4)	3	(21)
Other comprehensive (loss) income		$ (8,125)	$ 14,502	$ 1,193	$ 27,924
[1]	The pretax amount is reported in net gains on sales of available-for-sale investment securities in the consolidated statements of income.

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - Jun. 30, 2015 - item	Total
BUSINESS SEGMENTS
Number of operating segments	3
Number of business divisions	3
Number of segment whom broad administrative support are provided	2

SEGMENT INFORMATION (Details 2)

SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014		Dec. 31, 2014
Segment Reporting Information
Interest income		$ 255,445	$ 294,442		$ 518,706	$ 580,615
Charge for funds used		(73,408)	(68,064)		(143,502)	(128,560)
Interest spread on funds used		182,037	226,378		375,204	452,055
Interest expense		(27,953)	(27,992)		(55,497)	(56,199)
Credit on funds provided		73,408	68,064		143,502	128,560
Interest spread on funds provided		45,455	40,072		88,005	72,361
Net interest income (loss)		227,492	266,450		463,209	524,416
(Reversal of) provision for loan losses		3,494	8,000		8,481	14,933
Depreciation, amortization and accretion	[1]	6,119	14,958	[2]	10,246	24,021	[2]
Goodwill		469,433	458,467		469,433	458,467		$ 469,433
Segment pre-tax profit (loss)		144,421	122,966	[2]	291,247	239,129	[2]
Segment assets		30,064,072	27,557,000	[2]	30,064,072	27,557,000	[2]	$ 28,743,592	[2]
Retail Banking
Segment Reporting Information
Interest income		82,729	99,792		170,175	198,517
Charge for funds used		(21,357)	(23,854)		(44,656)	(48,150)
Interest spread on funds used		61,372	75,938		125,519	150,367
Interest expense		(12,996)	(11,950)		(25,219)	(23,661)
Credit on funds provided		60,950	54,139		118,618	102,332
Interest spread on funds provided		47,954	42,189		93,399	78,671
Net interest income (loss)		109,326	118,127		218,918	229,038
(Reversal of) provision for loan losses		(3,454)	(440)		(2,723)	2,212
Depreciation, amortization and accretion	[1]	3,235	4,096	[2]	4,917	6,667	[2]
Goodwill		357,207	354,163		357,207	354,163
Segment pre-tax profit (loss)		55,349	48,939	[2]	108,284	93,355	[2]
Segment assets		7,373,641	7,822,020	[2]	7,373,641	7,822,020	[2]
Commercial Banking
Segment Reporting Information
Interest income		157,337	181,880		316,122	350,956
Charge for funds used		(38,328)	(34,281)		(75,678)	(66,098)
Interest spread on funds used		119,009	147,599		240,444	284,858
Interest expense		(4,710)	(3,421)		(8,973)	(6,701)
Credit on funds provided		7,995	8,983		16,010	17,419
Interest spread on funds provided		3,285	5,562		7,037	10,718
Net interest income (loss)		122,294	153,161		247,481	295,576
(Reversal of) provision for loan losses		6,948	8,440		11,204	12,721
Depreciation, amortization and accretion	[1]	(6,054)	(1,286)	[2]	(16,531)	(4,614)	[2]
Goodwill		112,226	104,304		112,226	104,304
Segment pre-tax profit (loss)		97,269	77,844	[2]	190,444	154,769	[2]
Segment assets		16,141,368	14,177,634	[2]	16,141,368	14,177,634	[2]
Other
Segment Reporting Information
Interest income		15,379	12,770		32,409	31,142
Charge for funds used		(13,723)	(9,929)		(23,168)	(14,312)
Interest spread on funds used		1,656	2,841		9,241	16,830
Interest expense		(10,247)	(12,621)		(21,305)	(25,837)
Credit on funds provided		4,463	4,942		8,874	8,809
Interest spread on funds provided		(5,784)	(7,679)		(12,431)	(17,028)
Net interest income (loss)		(4,128)	(4,838)		(3,190)	(198)
Depreciation, amortization and accretion	[1]	8,938	12,148	[2]	21,860	21,968	[2]
Segment pre-tax profit (loss)		(8,197)	(3,817)	[2]	(7,481)	(8,995)	[2]
Segment assets		$ 6,549,063	$ 5,557,346	[2]	$ 6,549,063	$ 5,557,346	[2]
[1]	Includes amortization and accretion related to the FDIC indemnification asset.
[2]	Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Subsequent events
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)		$ 0.20	$ 0.18	$ 0.40	$ 0.36
Subsequent event
Subsequent events
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	$ 0.20