Hope Bancorp (HOPE) 8-K BBCN Bancorp Reports Second Quarter 2012 Results

Exhibit 99.1

BBCN Bancorp Reports Second Quarter 2012 Results

Q2 2012 Summary:

• $15.6 million net income available to common stockholders, or $0.20 per diluted common share
• Merger integration of all major systems and offices completed
• $122 million TARP fully redeemed with existing capital
• $137 million net increase in gross loans receivable, or 4% linked quarter
• $53 million increase in non-interest bearing deposits, or 5% linked quarter

LOS ANGELES--(BUSINESS WIRE)--July 23, 2012--BBCN Bancorp, Inc. (the “Company”) (NASDAQ: BBCN), the holding company of BBCN Bank (the “Bank”), today reported net income available to common stockholders of $15.6 million, or $0.20 per diluted common share, for second quarter 2012. This compares with net income available to common stockholders of $5.2 million, or $0.14 per diluted common share, for second quarter 2011, and net income available to common stockholders of $22.1 million, or $0.28 per diluted common share, for first quarter 2012.

The merger with Center Financial Corporation (“Center”), completed on November 30, 2011, impacts the comparability of operating results for second quarter 2012 versus second quarter 2011 and the preceding first quarter 2012. The Company includes in this press release supplemental information to help in understanding past financial performance.

“The completion of the merger integration during the quarter marked a milestone achievement that positions BBCN for enduring growth as the leading Korean American bank in the nation,” said Alvin D. Kang, President and Chief Executive Officer. “Notwithstanding the tremendous company-wide effort required to complete the systems and office integrations, our front lines produced strong new loan originations that resulted in a 4% linked quarter increase in our loan portfolio, underscoring the strength of the new BBCN organization. We continued to focus on enhancing efficiencies, maintaining asset quality and improving our earnings power, and delivered pre-tax, pre-provision earnings of 3.03% for the quarter. While the overall economic and interest rate environment continues to present challenges, we believe we are well positioned with the integration and TARP redemption behind us to expand our franchise.”

Financial Highlights

	2012 Second Quarter			2011 Second Quarter			2012 First Quarter
	(Dollars in thousands)
Net income	$	19,364		$	6,318		$	23,934
Net income available to common stockholders	$	15,593		$	5,243		$	22,065
Diluted earnings per share	$	0.20		$	0.14		$	0.28
Net interest income	$	59,502		$	29,331		$	60,859
Net interest margin	5.02		%		4.16	%		5.11	%
Non-interest income	$	10,222		$	7,684		$	11,645
Non-interest expense	$	31,077		$	16,886		$	30,435
Net loans receivable	$	3,809,033		$	2,142,750		$	3,674,890
Deposits	$	3,882,680		$	2,232,180		$	3,920,464
Non-accrual loans (1)	$	39,567		$	35,385		$	39,651
ALLL to gross loans		1.69	%		2.71	%		1.67	%
ALLL to non-accrual loans (1)	165.55		%		168.70	%		157.14	%
ALLL to non-performing assets (1)	72.80		%		107.41	%		71.14	%
Provision for loan losses	$	7,182		$	10,047		$	2,600
Net charge-offs	$	3,987		$	13,691		$	2,243
ROA (2)		1.52	%		0.86	%		1.86	%
ROE (2)		9.4	%		6.84	%		11.87	%
Efficiency ratio	44.57		%		45.62	%		41.98	%
(1) Excludes the guaranteed portion of delinquent SBA loans totaling $18.1 million, $14.2 million and $16.9 million at the close of the second quarter 2012, second quarter 2011 and first quarter 2012, respectively.
(2) Based on net income before effects of dividends and discount accretion on preferred stock.

The Company noted that the variance between net income and net income available to common stockholders in second quarter 2012 was significantly larger than in past quarters. In addition to regular quarterly dividends and discount accretion on TARP preferred stock, the Company incurred additional discount accretion of $1.9 million, equal to $0.02 per diluted common share, related to the TARP redemption on June 27, 2012.

Operating Results for Second Quarter 2012

As previously mentioned, the comparability of operating results with past performance is impacted by the merger. The Company believes the following supplemental information will be helpful in understanding past financial performance. Operating results for the three months ended June 30, 2012, March 31, 2012 and June 30, 2011 include the following pre-tax acquisition accounting adjustments and expenses related to the merger.

The increase (decrease) of these adjustments to pre-tax income is summarized below. The impact which these adjustments have to certain yields and costs are described in subsequent sections of this release.

	Three Months Ended
(In thousands)	June 30, 2012			March 31, 2012			June 30, 2011
Accretion of discount on acquired Center loans	$	7,696		$	9,645		$	0
Amortization of premiums on Center FHLB borrowings	904			1,231			0
Accretion of discount on Center subordinated debt	(36		)	(35		)	0
Amortization of premium on Center time deposits	787			1,275			0
Amortization of Center core deposit intangibles	(253		)	(290		)	0
Accretion of discounts on other Center assets	57			57			0
Amortization of unfavorable lease liability	57			58			0
Merger and integration expense	(1,348		)	(1,773		)	(381		)
Increase (decrease) to pre-tax income	$	7,864		$	10,168		$	(381	)

In addition to the items listed above, acquisition accounting adjustments had the effect of reducing the yield on the securities portfolio in second quarter and first quarter 2012. The acquired Center securities portfolio of approximately $290 million was adjusted to fair value of $293 million as of the merger date, resulting in interest income on investment securities for that portfolio being recognized at a lower average yield, compared with the yield on the balance of the Company's securities portfolio.

Net Interest Income and Net Interest Margin. The following table summarizes the reported net interest income before provision for loan losses.

	Three Months Ended
	6/30/2012		6/30/2011		% change		3/31/2012		% change
Net interest income before provision for loan losses	$	59,502	$	29,331	103	%	$	60,859	(2	%)

Second quarter 2012 net interest income before provision for loan losses rose 103% over second quarter 2011, principally due to the higher level of interest earning assets following the merger, as well as net interest margin improvement. Compared with first quarter 2012, net interest income before provision for loan losses declined 2%, primarily reflecting reduced levels of accretion of discount on the acquired portfolio relative to the preceding first quarter.

The net interest margin and the impact of acquisition accounting adjustments is summarized in the following table:

	Three Months Ended
	June 30, 2012		June 30, 2011		change		March 31, 2012		change
Net interest margin, excluding effect of acquisition accounting adjustments	4.15	%	4.16	%	(0.01	)%	4.04	%	0.11	%
Acquisition accounting adjustments	0.87		0.00				1.07
Reported net interest margin	5.02	%	4.16	%	0.86	%	5.11	%	(0.09	)%

Second quarter 2012 net interest margin (net interest income divided by average interest-earning assets) was 5.02%, reflecting an 86 basis point improvement over second quarter 2011, largely attributable to the accretion of discounts on acquired loans. Excluding the effect of acquisition accounting adjustments, the core net interest margin for second quarter 2012 decreased 1 basis point to 4.15%. Compared with preceding first quarter, second quarter 2012 net interest margin declined 9 basis points, but improved 11 basis points on a core basis when excluding the effect of acquisition accounting. The increase, excluding the effect of acquisition accounting, is primarily due to an improvement in the cost of deposits and borrowings.

The weighted average yield on loans and the impact of acquisition accounting adjustments is summarized in the following table:

	Three Months Ended
	June 30, 2012		June 30, 2011		change		March 31, 2012		change
The weighted average yield on loans, excluding effect of acquisition accounting adjustments	5.59	%	6.07	%	(0.48	)%	5.61	%	(0.02	)%
Acquisition accounting adjustments	0.94		0.00				1.14
Reported weighted average yield on loans	6.53	%	6.07	%	0.46	%	6.75	%	(0.22	)%

The weighted average yield on loans increased 46 basis points to 6.53% for second quarter 2012 from second quarter 2011, but declined 48 basis points, excluding the accretion of discounts on acquired loans from Center. The reduction in yield, excluding the effect of acquisition adjustments, is primarily attributed to the lower yielding acquired loan portfolio, and to a lesser extent, continued pricing pressures in the market place.

Compared with first quarter 2012, the weighted average yield on loans declined 22 basis points, and decreased 2 basis points, excluding the acquisition accounting adjustments. The decrease, excluding the acquisition accounting adjustments, reflects continuing pricing pressures in the market place.

The composition of fixed and variable rate loans and the associated weighted average yield, excluding loan discount accretion, is summarized in the following table:

	June 30, 2012		June 30, 2011		change		March 31, 2012		change
Fixed rate loans
As a percentage of total loans	38	%	45	%	(7	)%	39	%	(1	)%
Weighted average yield	6.25	%	7.06	%	(0.81	)%	6.49	%	(0.24	)%
Variable rate loans
As a percentage of total loans	62	%	55	%	7	%	61	%	1	%
Weighted average yield	4.60	%	4.91	%	(0.31	)%	4.61	%	(0.01	)%

The declining composition of fixed rate loans as a percentage of total loans reflects the Company's focus on variable rate business loans.

The weighted average yield on securities available for sale is summarized in the following table:

	Three Months Ended
	6/30/2012		6/30/2011		change		3/31/2012		change
Weighted average yield on securities available-for-sale	2.45	%	3.16	%	(0.71	)%	2.71	%	(0.26	)%

The weighted average yield on securities available-for-sale for second quarter 2012 declined 71 basis points from second quarter 2011 and 26 basis points from first quarter 2012. The reductions are primarily attributable to the replacement of maturing securities with lower yielding investments as market interest rates declined, as well as the impact of acquisition accounting.

The weighted average duration and average life of the securities available-for-sale is summarized in the following table:

	Three Months Ended
	6/30/2012	6/30/2011	% change	3/31/2012	% change
Weighted average duration of securities available-for-sale in years	3.38	3.57	-0.19	3.83	-0.45
Weighted average life of securities available-for-sale in years	3.70	4.04	-0.34	4.26	-0.56

The weighted average cost of deposits and the impact of acquisition accounting adjustments are summarized in the following table:

	Three Months Ended
	June 30, 2012		June 30, 2011		change		March 31, 2012		change
The weighted average cost of deposits, excluding effect of acquisition accounting adjustments	0.63	%	0.93	%	(0.30	)%	0.69	%	(0.06	)%
Acquisition accounting adjustments	(0.08	)	0.00				(0.13	)
Reported weighted average cost of deposits	0.55	%	0.93	%	(0.38	)%	0.56	%	(0.01	)%

The weighted average cost of deposits for second quarter 2012 was 0.55%, improving 38 basis points from second quarter 2011 and 1 basis point from first quarter 2012. Excluding the amortization of premium on time deposits assumed in the Center merger, the weighted average cost of deposits for second quarter 2012 decreased 30 basis points from second quarter 2011 and 6 basis points from first quarter 2012.

In addition to the acquisition accounting adjustments, the second quarter 2012 weighted average cost of deposits benefited from overall reductions in the cost of interest-bearing demand deposits, as well as a favorable shift in the mix of deposits with higher concentrations of non-interest bearing demand deposits. Non-interest bearing demand deposits accounted for 27% of total deposits at June 30, 2012, compared with 19% at June 30, 2011 and 26% at March 31, 2012.

The weighted average cost of FHLB advances and the impact of acquisition accounting adjustments are summarized in the following table:

	Three Months Ended
	June 30, 2012		June 30, 2011		change		March 31, 2012		change
The weighted average cost of FHLB advances, excluding effect of acquisition accounting adjustments	3.08	%	3.23	%	(0.15	)%	3.41	%	(0.33	)%
Acquisition accounting adjustments	(1.13	)	0.00				(1.49	)
Reported weighted average cost of FHLB advances	1.95	%	3.23	%	(1.28	)%	1.92	%	0.03	%

For second quarter 2012, the weighted average cost of FHLB advances decreased 128 basis points to 1.95% from second quarter 2011, largely due to the amortization of premiums on acquired FHLB borrowings. Excluding acquisition accounting adjustments, the weighted average cost of FHLB advances decreased 15 basis points, reflecting the addition of $105.0 million in new FHLB borrowings at a rate of 0.76%, which is substantially lower than the weighted average rate of the rest of the borrowings. The weighted average original maturity of the new borrowings was 3.67 years. In addition, a total of $65.1 million of FHLB borrowings with weighted average rates of 0.57% matured during the quarter and were paid off.

Compared with the preceding first quarter, the weighted average cost of FHLB advances increased 3 basis points, but decreased 33 basis points, excluding acquisition accounting adjustments.

Non-interest Income. Second quarter 2012 non-interest income increased to $10.2 million from $7.7 million for second quarter 2011, reflecting operations as a combined Company, partially offset by a $1.9 million reduction in net gains on sale of SBA loans from the prior-year period.

Compared with first quarter 2012, non-interest income declined $1.3 million and is largely attributed to the variance in gains on sales.

The various net gains (losses) on sales are summarized in the following table:

	Three Months Ended
	6/30/2012			6/30/2011			% change		3/31/2012		% change
Net gains on sales of SBA loans	$	2,463		$	4,354		(43	)%	$	2,963	(17	)%
Net gains on sale of other loans		146			—		100	%		—	100	%
Net gains on sales of securities available-for-sale		—			6		(100	)%		816	(100	)%
Net valuation gains (losses) on interest swaps and caps		10			(101	)	(110	)%		3	233	%
Net gains (losses) on sales of OREO		(8	)		25		(132	)%		61	(113	)%
Total net gains on sale	$	2,611		$	4,284				$	3,843

Non-interest Expense. Second quarter 2012 non-interest expense rose 84% to $31.1 million from $16.9 million for second quarter 2011, largely reflecting the combined operations of the new BBCN. Second quarter 2012 non-interest expense increased 2% from $30.4 million for first quarter 2012.

Salaries and benefits expense totaled $14.7 million for second quarter 2012, an increase of 92% over $7.6 million for second quarter 2011, and an increase of 4% over $14.1 million for first quarter 2012. The significant increase over second quarter 2011 reflects the combined operations as BBCN. The number of full time equivalent employees (FTEs) was 653, 661 and 369 as of June 30, 2012, March 31, 2012 and June 30, 2011, respectively. The FTEs as of June 30, 2011 on a pro forma basis was 682. The adjusted number of FTEs as of the merger closing date of November 30, 2011 was 690. Notwithstanding a slight decrease in FTEs from March 31, 2012, salaries and benefits expense increased modestly, reflecting annual salary increases, as well as higher vacation and bonus accruals.

Occupancy expense for second quarter 2012 rose 73% to $4.2 million from $2.4 million for second quarter 2011, primarily reflecting the combined number of branches post-merger. Occupancy expense rose $586,000 over the $3.6 million for first quarter 2012, and is partially attributed to a $375,000 non-recurring expense associated with the renegotiation of a sub-lease.

The FDIC assessment for second quarter 2012 amounted to $51,000, compared with $877,000 for second quarter 2011 and $1.0 million for the preceding first quarter 2012. The significant decline is attributed to the recognition of a $650,000 assessment rate reduction for fourth quarter 2011 as a result of an upgrade of the Company's risk category. The Company noted that the FDIC assessment is primarily based on assets and expects it will be approximately $1.0 million for third quarter 2012.

The Company noted that its Other non-interest expense line item for second quarter 2012 included a $461,000 loss incurred on the early retirement of a $10.0 million Trust Preferred security, bearing a 10.18% interest rate.

The effective tax rate for second quarter 2012 was 38.5%, compared with 37.3% for second quarter 2011 and 39.4% for first quarter 2012.

Balance Sheet Summary

Gross loans receivable totaled $3.87 billion at June 30, 2012, an increase of 4% compared with $3.74 billion at March 31, 2012 and December 31, 2011. Total loan originations for second quarter 2012 amounted to $241.5 million, including SBA loan originations of $67.1 million. In comparison, new loan production during first quarter 2012 equaled $167.6 million, including SBA loan originations of $34.6 million.

Sales of SBA loans to the secondary market and gains derived from those sales are based substantially on the production of SBA 7(a) loans. Production of SBA 7(a) loans amounted to $49.8 million for second quarter 2012, compared with $31.2 million for first quarter 2012.

Aggregate loan pay-offs, pay-downs, amortization and other adjustments totaled $107.3 million during second quarter 2012, compared with $64.2 million during second quarter 2011 and $169.6 million during first quarter 2012. The Company noted the level of pay-offs and pay-downs were unusually high during the first quarter 2012.

Total deposits decreased to $3.88 billion at June 30, 2012 from $3.92 billion at March 31, 2012 and $3.94 billion at December 31, 2011, reflecting reductions in MMA accounts and a continued run-off of higher rate non-jumbo time deposits, offset by growing balances of non-interest bearing deposits. The mix of deposits continued to shift favorably with non-interest bearing deposits at June 30, 2012 increasing to $1.06 billion, or 27% of total deposits, from $1.01 billion, or 26% of total deposits, at March 31, 2012.

Credit Quality

The Company recorded a provision for loan losses of $7.2 million in second quarter 2012, compared with $10.0 million in second quarter 2011 and $2.6 million in the preceding first quarter 2012. The increase in the provision for loan losses compared with first quarter 2012 was primarily attributable to loan loss allowances for the strong new loan originations during the quarter that resulted in a net $137.4 million increase in loans outstanding, for refinanced acquired loans, and for further degradation in acquired credit impaired loans.

For a more detailed understanding of the changes in the Allowance for Loan and Lease Losses (“ALLL”), the composition of the ALLL has been segmented for disclosure purposes between loans accounted for under the amortized cost method (referred to as “BBCN” loans) and loans acquired in the Center merger (referred to as “Acquired” loans). The acquired loans are further segregated between performing and credit impaired loans. The composition of ALLL for the three months ended June 30, 2012, March 31, 2012 and December 31, 2011 is as follows:

(dollars in thousands)	6/30/2012			3/31/2012			12/31/2011
BBCN loans (1)	$	62,397		$	60,233		$	61,952
Acquired loans - Performing Loans (2)		1,194			1,262
Acquired loans - Credit Impaired Loans (2)		1,914			814
Total ALLL	$	65,505		$	62,309		$	61,952
Gross loans, net of deferred loan fees and costs	$	3,874,538		$	3,737,199		$	3,738,826
Loss coverage ratio		1.69	%		1.67	%		1.66	%

(1)	BBCN loans include Nara loans outstanding at acquisition date, former Center loans that were refinanced and new BBCN loans originated post merger.
(2)	Acquired loans were marked to fair value at acquisition date, and provisions for loan losses reflect credit deterioration since the acquisition date.

Following are the Special Mention, Classified and Total Watchlist loan balances as of June 30 and March 31, 2012:

(dollars in thousands)	6/30/2012		3/31/2012
Special Mention (1)	$	109,387	$	107,389
Classified (1)	$	204,709	$	216,887
Total Watchlist	$	314,096	$	324,276

⁽¹⁾ Balances include the acquired loans which were marked to fair value at November 30, 2011. For loan classification purposes, the loan grading did not change as a result of the merger.

Non-performing loans (defined as loans past due 90 days or more and on non-accrual status, acquired loans past due 90 days or more and on accrual status, and accruing restructured loans) at June 30, 2012 were $83.3 million, or 2.15% of total loans, compared with $81.9 million, or 2.19% of total loans, at March 31, 2012. The modest increase in the dollar amount of non-performing loans reflects increases in delinquent loans 90 days or more past due, but which are still on accrual status in accordance with acquisition accounting rules, partially offset by decreases in accruing restructured loans.

Non-performing assets at June 30, 2012 were $90.0 million, or 1.78% of total assets, compared with $87.6 million, or 1.69% of total assets, at March 31, 2012, due principally to the increase in non-performing loans.

Net loan charge-offs during second quarter 2012 totaled $4.0 million, or 0.41% of average loans on an annualized basis, compared with $2.2 million, or 0.24%, during first quarter 2012.

The allowance for loan losses at June 30, 2012 was $65.5 million, or 1.69% of gross loans receivable (excluding loans held for sale), compared with $62.3 million, or 1.67%, at March 31, 2012. The increase primarily reflects the increase in the allowance for loan losses due to new loan growth and for refinanced acquired loans. The coverage ratio of the allowance for loan losses to non-performing loans (excluding acquired loans past due 90 days or more on accrual status) increased to 105% at June 30, 2012, from 98% at March 31, 2012.

Impaired loans (defined as loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the contractual terms) at June 30, 2012 and March 31, 2012 were $91.4 million and $99.8 million, respectively.

Specific reserves for impaired loans were $13.2 million, or 14.4% of the aggregate impaired loan amount at June 30, 2012, compared with $16.5 million, or 16.5%, at March 31, 2012. The decrease in specific reserves largely reflects charge-offs, pay downs and pay offs. Excluding specific reserves for impaired loans, the allowance coverage on the remaining loan portfolio was 1.38% at June 30, 2012, compared with 1.26% at March 31, 2012. This increase is due primarily to additions to the allowance for new loan growth and for acquired loans as they experience credit deterioration or are refinanced or renewed and are categorized as part of the BBCN portfolio.

Capital

As previously announced, BBCN redeemed $122 million of Series A and Series B Preferred Stock issued under the U.S. Treasury's TARP Capital Purchase Program on June 27, 2012. The redemption covered the total combined preferred stock investment by the U.S. Treasury of $67 million in the former Nara Bancorp, Inc. and $55 million in the former Center Financial Corporation. The Company has entered into negotiations to repurchase all 858,746 BBCN warrants held by the Treasury.

At June 30, 2012, the Company continued to exceed all regulatory capital requirements to be classified as a “well-capitalized” institution, as summarized in the following table.

	6/30/2012		3/31/2012		12/31/2011
Leverage Ratio (1)	12.97	%	15.08	%	19.81	%
Tier 1 Risk-based Ratio	15.54	%	18.85	%	18.15	%
Total Risk-based Ratio	16.80	%	20.11	%	19.41	%

⁽¹⁾ The calculation for the Leverage Ratio utilizes the daily average balance of total assets in the denominator, as opposed to the period end balances utilized in the calculation of the other capital ratios. Accordingly, the Company believes that the Leverage Ratio reported for the fourth quarter 2011 is not necessarily representative of the Company's Leverage Ratio at the end of 2011. On a pro forma basis, utilizing the daily average balance of total assets in the month of December following the completion of the merger, the Leverage Ratio was 14.00%.

Tangible common equity per share and as a percentage of tangible assets improved over prior comparable periods, as summarized in the following table:

	6/30/2012			3/31/2012			12/31/2011
Tangible common equity per share (1)	$	7.94		$	7.72		$	7.43
Tangible common equity to tangible assets (1)		12.49	%		11.86	%		11.42	%

⁽¹⁾ Tangible common equity to tangible assets is a non-GAAP financial measure that represents common equity less goodwill and net other intangible assets divided by total assets less goodwill and net other intangible assets. Management reviews tangible common equity to tangible assets in evaluating the Company's capital levels and has included this ratio in response to market participant interest in tangible common equity as a measure of capital. See the accompanying financial information for a reconciliation of the ratio of tangible common equity to tangible assets with stockholders' equity and total assets.

Investor Conference Call

The Company will host an investor conference call on Tuesday, July 24, 2012 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review financial results for second quarter 2012. Investors and analysts may access the conference call by dialing 800-706-7749 (domestic) or 617-614-3474 (international), passcode 95149564. Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of BBCN Bancorp's website at www.BBCNbank.com.

After the live webcast, a replay will be archived in the Investor Relations section of BBCN Bancorp's website for one year. A telephonic replay of the call will be available at 888-286-8010 (domestic) or 617-801-6888 (international) through July 31, 2012, passcode 42573151.

About BBCN Bancorp, Inc.

BBCN Bancorp, Inc. is the parent company of BBCN Bank, the largest Korean American bank in the nation with $5.1 billion in assets as of June 30, 2012. The Company is a result of the merger of equals of Nara Bancorp, Inc. and Center Financial Corporation completed on November 30, 2011. Headquartered in Los Angeles and serving a diverse mix of customers mirroring its communities, BBCN operates more than 40 branches in California, New York, New Jersey, Washington and Illinois, along with four loan production offices in Seattle, Denver, Dallas and Atlanta. BBCN specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and business lending, SBA lending and international trade financing. BBCN Bank is a California-chartered bank and its deposits are insured by the FDIC to the extent provided by law. BBCN is an Equal Opportunity Lender.

Forward-Looking Statements

This press release contains forward-looking statements, including statements about future operations and projected full-year financial results that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include but are not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services, and pricing. Readers should carefully review the risk factors and the information that could materially affect the Company's financial results and business, described in documents the Company files from time to time with the Securities and Exchange Commission, including its quarterly reports on Form 10-Q and Annual Reports on Form 10-K, and particularly the discussions of business considerations and certain factors that may affect results of operations and stock price set forth therein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements.

BBCN Bancorp, Inc.
Consolidated Statements of Financial Condition
Unaudited (Dollars in Thousands, Except per Share Data)
Assets	6/30/2012			3/31/2012			% change		12/31/2011			% change		6/30/2011			% change
Cash and due from banks	$	179,621		$	365,679		-51	%	$	300,110		-40	%	$	171,129		5	%
Term federal funds sold		-			20,000		-100	%		40,000		-100	%		-		0	%
Securities available for sale, at fair value		666,852			697,808		-4	%		740,920		-10	%		472,420		41	%
Federal Home Loan Bank and Federal Reserve Bank stock		24,778			26,064		-5	%		27,373		-9	%		22,657		9	%
Loans held for sale, at the lower of cost or fair value		32,590			50,620		-36	%		42,407		-23	%		27,120		20	%
Loans receivable		3,874,538			3,737,199		4	%		3,738,826		4	%		2,202,446		76	%
Allowance for loan losses		(65,505	)		(62,309	)	-5	%		(61,952	)	-6	%		(59,696	)	10	%
Net loans receivable		3,809,033			3,674,890		4	%		3,676,874		4	%		2,142,750		78	%
Accrued interest receivable		12,062			12,253		-2	%		13,439		-10	%		8,069		49	%
Premises and equipment, net		21,805			20,353		7	%		20,913		4	%		9,938		119	%
Bank owned life insurance		43,119			42,819		1	%		42,514		1	%		24,489		76	%
Goodwill		89,882			89,882		0	%		90,473		-1	%		2,509		3482	%
Other intangible assets, net		3,636			3,938		-8	%		4,276		-15	%		379		859	%
Other assets		166,027			165,009		1	%		167,305		-1	%		85,828		93	%
Total assets	$	5,049,405		$	5,169,315		-2	%	$	5,166,604		-2	%	$	2,967,288		70	%
Liabilities
Deposits	$	3,882,680		$	3,920,464		-1	%	$	3,940,892		-1	%	$	2,232,180		74	%
Borrowings from Federal Home Loan Bank		371,143			332,109		12	%		344,402		8	%		300,000		24	%
Subordinated debentures		41,772			52,137		-20	%		52,102		-20	%		39,268		6	%
Accrued interest payable		5,924			6,485		-9	%		6,519		-9	%		3,382		75	%
Other liabilities		32,425			39,954		-19	%		26,750		21	%		19,919		63	%
Total liabilities		4,333,944			4,351,149		0	%		4,370,665		-1	%		2,594,749		67	%
Stockholders' Equity
Preferred stock, $0.001 par value; authorized 10,000,000 undesignated shares; issued and outstanding 0 shares, 122,000 shares, 122,000 shares and 67,000 shares as of June 30, 2012, March 31, 2012, December 31, 2011, and June 30, 2011, respectively
Series A, Fixed Rate Cumulative Perpetual Preferred Stock, issued and outstanding 0 shares at June 30, 2012 and 67,000 shares at March 31, 2012, December 31, 2011, and June 30, 2011		-			65,399		-100	%		65,158		-100	%		64,679		-100	%
Series B, Fixed Rate Cumulative Perpetual Preferred Stock, issued and outstanding 0 shares, 55,000 shares, 55,000 shares and 0 shares at June 30, 2012, March 31, 2012, December 31, 2011 and June 30, 2011, respectively		-			54,295		-100	%		54,192		-100	%		-		0	%
Common stock, $0.001 par value; authorized, 150,000,000 shares at June 30, 2012, March 31, 2012 and December 31, 2011 and 100,000,000 shares at June 30, 2011; issued and outstanding, 78,014,107, 77,996,391, 77,984,252 and 38,097,327 shares at June 30, 2012, March 31, 2012, December 31, 2011 and June 30, 2011, respectively		78			78		0	%		78		0	%		38		105	%
Capital surplus		525,985			525,123		0	%		524,639		0	%		172,066		206	%
Retained earnings		180,567			164,974		9	%		142,909		26	%		131,275		38	%
Accumulated other comprehensive income, net		8,831			8,297		6	%		8,963		-1	%		4,481		97	%
Total stockholders' equity		715,461			818,166		-13	%		795,939		-10	%		372,539		92	%
Total liabilities and stockholders' equity	$	5,049,405		$	5,169,315		-2	%	$	5,166,604		-2	%	$	2,967,288		70	%

	Three Months Ended													Six Months Ended
	6/30/2012			6/30/2011			% change		3/31/2012			% change		6/30/2012			6/30/2011			% change
Interest income:
Interest and fees on loans	$	62,504		$	33,150		89	%	$	63,419		-1	%	$	125,923		$	66,235		90	%
Interest on securities		4,249			3,965		7	%		4,909		-13	%		9,158			7,895		16	%
Interest on federal funds sold and other investments		190			179		6	%		227		-16	%		417			358		16	%
Total interest income		66,943			37,294		80	%		68,555		-2	%		135,498			74,488		82	%
Interest expense:
Interest on deposits		5,245			5,090		3	%		5,403		-3	%		10,648			10,221		4	%
Interest on other borrowings		2,196			2,873		-24	%		2,293		-4	%		4,489			6,053		-26	%
Total interest expense		7,441			7,963		-7	%		7,696		-3	%		15,137			16,274		-7	%
Net interest income before provision for loan losses		59,502			29,331		103	%		60,859		-2	%		120,361			58,214		107	%
Provision for loan losses		7,182			10,047		-29	%		2,600		176	%		9,782			15,309		-36	%
Net interest income after provision for loan losses		52,320			19,284		171	%		58,259		-10	%		110,579			42,905		158	%
Non-interest income:
Service fees on deposit accounts		3,269			1,413		131	%		3,160		3	%		6,429			2,910		121	%
Net gains on sales of SBA loans		2,463			4,354		-43	%		2,963		-17	%		5,426			5,514		-2	%
Net gains on sales of other loans		146			-		100	%		-		100	%		146			-		-100	%
Net gains on sales of securities available-for-sale		-			6		-100	%		816		-100	%		816			6		13500	%
Net valuation gains (losses) on interest swaps and caps		10			(106	)	109	%		3		233	%		13			(117	)	111	%
Net gains on sales of OREO		(8	)		25		-132	%		61		-113	%		53			27		96	%
Other income and fees		4,342			1,992		118	%		4,642		-6	%		8,984			3,854		133	%
Total non-interest income		10,222			7,684		33	%		11,645		-12	%		21,867			12,194		79	%
Non-interest expense:
Salaries and employee benefits		14,658			7,625		92	%		14,079		4	%		28,737			14,779		94	%
Occupancy		4,232			2,445		73	%		3,646		16	%		7,878			4,882		61	%
Furniture and equipment		1,468			934		57	%		1,218		21	%		2,686			1,869		44	%
Advertising and marketing		1,525			594		157	%		1,458		5	%		2,983			1,173		154	%
Data processing and communications		1,573			923		70	%		1,611		-2	%		3,184			1,906		67	%
Professional fees		1,069			769		39	%		613		74	%		1,682			1,478		14	%
FDIC assessment		51			877		-94	%		1,037		-95	%		1,088			2,166		-50	%
Merger-related expenses		1,348			380		255	%		1,773		-24	%		3,121			891		250	%
Other		5,153			2,339		120	%		5,000		3	%		10,153			4,437		129	%
Total non-interest expense		31,077			16,886		84	%		30,435		2	%		61,512			33,581		83	%
Income before income taxes		31,465			10,082		212	%		39,469		-20	%		70,934			21,518		230	%
Income tax provision		12,101			3,764		221	%		15,535		-22	%		27,636			8,454		227	%
Net income	$	19,364		$	6,318		206	%	$	23,934		-19	%		43,298			13,064		231	%
Dividends and discount accretion on preferred stock	$	(3,771	)	$	(1,075	)	251	%	$	(1,869	)	102	%		(5,640	)		(2,150	)	162	%
Net income available to common stockholders	$	15,593		$	5,243		197	%	$	22,065		-29	%	$	37,658		$	10,914		245	%
Earnings Per Common Share:
Basic	$	0.20		$	0.14				$	0.28				$	0.48		$	0.29
Diluted	$	0.20		$	0.14				$	0.28				$	0.48		$	0.29
Average Shares Outstanding:
Basic		78,007,270			38,047,371					77,987,342					77,997,305			38,017,473
Diluted		78,141,527			38,082,023					78,101,818					78,121,259			38,079,650

	Three months ended															Six Months Ended
	6/30/2012			3/31/2012			12/31/2011			9/30/2011			6/30/2011			6/30/2012			6/30/2011
Net Income	$	19,364		$	23,934		$	4,236		$	9,815		$	6,318		$	43,298		$	13,064
Add back: Income tax		12,101			15,535			2,010			5,196			3,764			27,636			8,454
Add back: Provision for loan losses		7,182			2,600			9,147			3,483			10,047			9,782			15,309
Pre-tax, pre-provision income (PTPP) 1	$	38,647		$	42,069		$	15,393		$	18,494		$	20,129		$	80,716		$	36,827
PTPP to average assets (annualized)		3.03	%		3.27	%		1.62	%		2.48	%		2.75	%		3.15	%		2.51	%

¹ While pre-tax, pre-provision income is a non-GAAP performance measure, we believe it is a useful measure in analyzing underlying performance trends, particularly in times of economic stress. It is the level of earnings adjusted to exclude the impact of income tax and provision expense.

	(Annualized) At or for the Three Months Ended						(Annualized) At or for the Six Months Ended
Profitability measures:	6/30/2012		6/30/2011		3/31/2012		6/30/2012		6/30/2011
ROA 2	1.52	%	0.86	%	1.86	%	1.69	%	0.89	%
ROE 2	9.40	%	6.84	%	11.87	%	10.62	%	7.13	%
Return on average tangible equity 2,3	10.61	%	6.89	%	13.44	%	12.01	%	7.19	%
Net interest margin	5.02	%	4.16	%	5.11	%	5.07	%	4.15	%
Efficiency ratio	44.57	%	45.62	%	41.98	%	43.25	%	47.69	%

2	Based on net income before effect of dividends and discount accretion on preferred stock.
3	Average tangible equity is calculated by subtracting average goodwill and average other intangibles from average stockholders' equity. This is non-GAAP measure that we believe provides investors with information that is useful in understanding our financial performance and position.

	Three Months Ended							Three Months Ended							Three Months Ended
	6/30/2012							6/30/2011							3/31/2012
			Interest			Annualized				Interest			Annualized				Interest			Annualized
	Average		Income/			Average		Average		Income/			Average		Average		Income/			Average
	Balance		Expense			Yield/Cost		Balance		Expense			Yield/Cost		Balance		Expense			Yield/Cost
	(Dollars in thousands)							(Dollars in thousands)							(Dollars in thousands)
INTEREST EARNING ASSETS:
Gross loans, includes loans held for sale	$	3,847,921	$	62,504		6.53	%	$	2,190,436	$	33,150		6.07	%	$	3,777,495	$	63,419		6.75	%
Securities available for sale		692,399		4,249		2.45	%		501,298		3,965		3.16	%		725,728		4,909		2.71	%
FRB and FHLB stock and other investments		203,935		160		0.31	%		132,957		179		0.54	%		257,583		178		0.27	%
Federal funds sold		19,794		30		0.59	%		-		-		N/A			25,780		49		0.74	%
Total interest earning assets	$	4,764,049	$	66,943		5.65	%	$	2,824,691	$	37,294		5.29	%	$	4,786,586	$	68,555		5.76	%
INTEREST BEARING LIABILITIES:
Deposits:
Demand, interest-bearing	$	1,184,339	$	1,849		0.63	%	$	710,948	$	1,545		0.87	%	$	1,232,763	$	2,123		0.69	%
Savings		187,872		830		1.78	%		126,238		729		2.32	%		195,932		922		1.89	%
Time deposits:
$100,000 or more		807,803		1,498		0.75	%		315,278		381		0.49	%		767,171		1,411		0.74	%
Other		652,937		1,068		0.66	%		623,361		2,435		1.57	%		722,982		947		0.53	%
Total time deposits		1,460,740		2,566		0.71	%		938,639		2,816		1.20	%		1,490,153		2,358		0.64	%
Total interest bearing deposits		2,832,951		5,245		0.74	%		1,775,825		5,090		1.15	%		2,918,848		5,403		0.74	%
FHLB advances		329,066		1,603		1.95	%		300,000		2,412		3.23	%		339,964		1,626		1.92	%
Other borrowings		47,488		593		4.95	%		42,624		461		4.27	%		50,108		667		5.26	%
Total interest bearing liabilities		3,209,505	$	7,441		0.93	%		2,118,449	$	7,963		1.51	%		3,308,920	$	7,696		0.93	%
Non-interest bearing demand deposits		1,021,805							417,366							984,813
Total funding liabilities / cost of funds	$	4,231,310				0.71	%	$	2,535,815				1.26	%	$	4,293,733				0.72	%
Net interest income / net interest spread			$	59,502		4.72	%			$	29,331		3.78	%			$	60,859		4.83	%
Net interest margin						5.02	%						4.16	%						5.11	%
Net interest margin, excluding effect of non-accrual loan income(expense)						5.06	%						4.20	%						5.14	%
Net interest margin, excluding effect of non-accrual loan income(expense) and prepayment fee income						5.04	%						4.19	%						5.13	%
Non-accrual loan income (reversed) recognized			$	(400	)					$	(237	)					$	(349	)
Prepayment fee income received				198							34							116
Net			$	(202	)					$	(203	)					$	(233	)
Cost of deposits:
Non-interest bearing demand deposits	$	1,021,805	$	-				$	417,366	$	-				$	984,813	$	-
Interest bearing deposits		2,832,951		5,245		0.74	%		1,775,825		5,090		1.15	%		2,918,848		5,403		0.74	%
Total deposits	$	3,854,756	$	5,245		0.55	%	$	2,193,191	$	5,090		0.93	%	$	3,903,661	$	5,403		0.56	%

	Six Months Ended							Six Months Ended
	6/30/2012							6/30/2011
			Interest			Annualized				Interest			Annualized
	Average		Income/			Average		Average		Income/			Average
	Balance		Expense			Yield/Cost		Balance		Expense			Yield/Cost
	(Dollars in thousands)							(Dollars in thousands)
INTEREST EARNING ASSETS:
Gross loans, includes loans held for sale	$	3,812,708	$	125,923		6.64	%	$	2,179,150	$	66,235		6.13	%
Securities available for sale		709,063		9,158		2.58	%		513,751		7,895		3.07	%
FRB and FHLB stock and other investments		230,789		339		0.29	%		135,016		358		0.53	%
Federal funds sold		22,787		78		0.68	%		-		-		N/A
Total interest earning assets	$	4,775,347	$	135,498		5.70	%	$	2,827,917	$	74,488		5.31	%
INTEREST BEARING LIABILITIES:
Deposits:
Demand, interest-bearing	$	1,208,551	$	3,973		0.66	%	$	695,686	$	3,009		0.87	%
Savings		191,902		1,752		1.84	%		126,449		1,439		2.29	%
Time deposits:
$100,000 or more		787,468		2,895		0.74	%		318,475		837		0.53	%
Other		687,979		2,029		0.59	%		631,907		4,936		1.58	%
Total time deposits		1,475,447		4,924		0.67	%		950,382		5,773		1.23	%
Total interest bearing deposits		2,875,900		10,649		0.74	%		1,772,517		10,221		1.16	%
FHLB advances		334,515		3,229		1.94	%		312,238		4,984		3.22	%
Other borrowings		48,798		1,260		5.11	%		48,822		1,069		4.35	%
Total interest bearing liabilities		3,259,213	$	15,138		0.93	%		2,133,577	$	16,274		1.54	%
Non-interest bearing demand deposits		1,003,307							403,229
Total funding liabilities / cost of funds	$	4,262,520				0.71	%	$	2,536,806				1.29	%
Net interest income / net interest spread			$	120,360		4.77	%			$	58,214		3.77	%
Net interest margin						5.07	%						4.15	%
Net interest margin, excluding effect of non-accrual loan income(expense)						5.10	%						4.17	%
Net interest margin, excluding effect of non-accrual loan income(expense) and prepayment fee income						5.09	%						4.16	%
Non-accrual loan income (reversed) recognized			$	(749	)					$	(337	)
Prepayment fee income received				314							263
Net			$	(435	)					$	(74	)
Cost of deposits:
Non-interest bearing demand deposits	$	1,003,307	$	-				$	403,229	$	-
Interest bearing deposits		2,875,900		10,649		0.74	%		1,772,517		10,221		1.16	%
Total deposits	$	3,879,207	$	10,649		0.55	%	$	2,175,746	$	10,221		0.95	%

	For the Three Months Ended														Six Months Ended
	6/30/2012			6/30/2011			% change			3/31/2012			% change		6/30/2012			6/30/2011		% change
AVERAGE BALANCES
Gross loans, includes loans held for sale	$	3,847,921		$	2,190,436			76	%	$	3,777,495		2	%		3,812,708		2,179,150		75	%
Investments		916,128			634,255			44	%		1,009,091		-9	%		962,639		648,767		48	%
Interest-earning assets		4,764,049			2,824,691			69	%		4,786,586		0	%		4,775,347		2,827,917		69	%
Total assets		5,102,769			2,933,003			74	%		5,139,396		-1	%		5,121,082		2,934,546		75	%
Interest-bearing deposits		2,832,951			1,775,825			60	%		2,918,848		-3	%		2,875,900		1,772,517		62	%
Interest-bearing liabilities		3,209,505			2,118,449			52	%		3,308,920		-3	%		3,259,213		2,133,577		53	%
Non-interest-bearing demand deposits		1,021,805			417,366			145	%		984,813		4	%		1,003,307		403,229		149	%
Stockholders' Equity		823,839			369,485			123	%		806,384		2	%		815,111		366,343		122	%
Net interest earning assets		1,554,544			706,242			120	%		1,477,666		5	%		1,516,134		694,340		118	%
LOAN PORTFOLIO COMPOSITION:	6/30/2012			3/31/2012			% change			12/31/2011			% change		6/30/2011			% change
Commercial loans	$	1,053,319		$	999,011			5	%	$	996,260		6	%	$	587,436		79	%
Real estate loans		2,762,944			2,676,589			3	%		2,678,679		3	%		1,605,641		72	%
Consumer and other loans		60,732			64,095			-5	%		66,631		-9	%		11,755		417	%
Loans outstanding		3,876,995			3,739,695			4	%		3,741,570		4	%		2,204,832		76	%
Unamortized deferred loan fees - net of costs		(2,457	)		(2,496	)		2	%		(2,744	)	10	%		(2,386	)	-3	%
Loans, net of deferred loan fees and costs		3,874,538			3,737,199			4	%		3,738,826		4	%		2,202,446		76	%
Allowance for loan losses		(65,505	)		(62,309	)		-5	%		(61,952	)	-6	%		(59,696	)	-10	%
Loan receivable, net	$	3,809,033		$	3,674,890			4	%	$	3,676,874		4	%	$	2,142,750		78	%
REAL ESTATE LOANS BY PROPERTY TYPE:	6/30/2012			3/31/2012			% change			12/31/2011			% change		6/30/2011			% change
Retail buildings	$	808,172		$	785,264			3	%	$	788,384		3	%	$	386,380		109	%
Hotels/motels		457,088			436,628			5	%		432,206		6	%		256,129		78	%
Gas stations/ car washes		423,344			408,311			4	%		408,812		4	%		309,914		37	%
Mixed-use facilities		221,865			209,081			6	%		198,916		12	%		161,285		38	%
Warehouses		296,174			270,929			9	%		261,874		13	%		116,461		154	%
Multifamily		118,277			122,859			-4	%		129,181		-8	%		98,464		20	%
Other		438,140			443,517			-1	%		459,306		-5	%		273,525		60	%
Total	$	2,762,944		$	2,676,589			3	%	$	2,678,679		3	%	$	1,602,158		72	%
DEPOSIT COMPOSITION	6/30/2012			3/31/2012				% Change		12/31/2011			% Change		6/30/2011			% Change
Non-interest-bearing demand deposits	$	1,064,013		$	1,011,466			5	%	$	984,350		8	%	$	432,616		146	%
Money market and other		1,143,329			1,240,295			-8	%		1,237,378		-8	%		712,028		61	%
Saving deposits		183,087			193,458			-5	%		198,063		-8	%		126,694		45	%
Time deposits of $100,000 or more		834,719			787,774			6	%		759,923		10	%		343,366		143	%
Other time deposits		657,532			687,471			-4	%		761,178		-14	%		617,476		6	%
Total deposit balances	$	3,882,680		$	3,920,464			-1	%	$	3,940,892		-1	%	$	2,232,180		74	%
DEPOSIT COMPOSITION (%)	6/30/2012			3/31/2012			12/31/2011			6/30/2011
Non-interest-bearing demand deposits		27.4	%		25.8	%		25.0	%		19.4	%
Money market and other		29.4	%		31.7	%		31.4	%		31.8	%
Saving deposits		4.7	%		4.9	%		5.0	%		5.7	%
Time deposits of $100,000 or more		21.5	%		20.1	%		19.3	%		15.4	%
Other time deposits		16.9	%		17.5	%		19.3	%		27.7	%
Total deposit balances		100.0	%		100.0	%		100.0	%		100.0	%
CAPITAL RATIOS	6/30/2012			3/31/2012			12/31/2011			6/30/2011
Total stockholders' equity	$	715,461		$	818,166		$	795,939		$	372,539
Tier 1 risk-based capital ratio		15.54	%		18.85	%		18.15	%		16.42	%
Total risk-based capital ratio		16.80	%		20.11	%		19.41	%		17.69	%
Tier 1 leverage ratio		12.97	%		15.08	%		19.81	%		13.32	%
Book value per common share	$	9.14		$	8.92		$	8.64		$	8.02
Tangible common equity per share4	$	7.94		$	7.72		$	7.43		$	7.94
Tangible common equity to tangible assets4		12.49	%		11.86	%		11.42	%		10.21	%

⁴ Tangible common equity to tangible assets is a non-GAAP financial measure that represents common equity less goodwill and other intangible assets, net divided by total assets less goodwill and other intangible assets, net. Management reviews tangible common equity to tangible assets in evaluating the Company's capital levels and has included this ratio in response to market participant interest in tangible common equity as a measure of capital.

Reconciliation of GAAP financial measures to non-GAAP financial measures:
		6/30/2012			3/31/2012			12/31/2011			6/30/2011
Total stockholders' equity		$	715,461		$	818,166		$	795,939		$	372,539
Less:	Preferred stock, net of discount		-			(119,694	)		(119,350	)		(64,679	)
	Common stock warrant		(2,760	)		(2,760	)		(2,760	)		(2,383	)
	Goodwill and other intangible assets, net		(93,518	)		(93,820	)		(94,749	)		(2,888	)
Tangible common equity		$	619,183		$	601,892		$	579,080		$	302,589
Total assets		$	5,049,405		$	5,169,315		$	5,166,604		$	2,967,288
Less:	Goodwill and other intangible assets, net		(93,518	)		(93,820	)		(94,749	)		(2,888	)
Tangible assets		$	4,955,887		$	5,075,495		$	5,071,855		$	2,964,400
Common shares outstanding			78,012,891			77,996,391			77,984,252			38,097,327
Tangible common equity to tangible assets			12.49	%		11.86	%		11.42	%		10.21	%
Tangible common equity per share		$	7.94		$	7.72		$	7.43		$	7.94

	For the Three Months Ended															For the Six Months Ended
ALLOWANCE FOR LOAN LOSSES:	6/30/2012			3/31/2012			12/31/2011			9/30/2011			6/30/2011			6/30/2012			6/30/2011
Balance at beginning of period	$	62,309		$	61,952		$	60,009		$	59,696		$	63,340		$	61,952		$	62,320
Provision for loan losses		7,182			2,600			9,147			3,483			10,047			9,782			15,309
Recoveries		1,623			1,139			524			800			1,500			2,762			2,568
Charge offs		(5,609	)		(3,382	)		(7,728	)		(3,970	)		(15,191	)		(8,991	)		(20,501	)
Balance at end of period	$	65,505		$	62,309		$	61,952		$	60,009		$	59,696		$	65,505		$	59,696
Net charge-off/average gross loans (annualized)		0.41	%		0.24	%		1.03	%		0.56	%		2.50	%		0.33	%		1.65	%
	For the Three Months Ended															For the Six Months Ended
NET CHARGED OFF LOANS BY TYPE	6/30/2012			3/31/2012			12/31/2011			9/30/2011			6/30/2011			6/30/2012			6/30/2011
Real estate loans	$	1,378		$	1,610		$	3,867		$	1,902		$	12,242		$	2,988		$	15,089
Commercial loans		2,158			631			3,350			1,158			1,474			2,789			2,929
Consumer loans		451			2			(13	)		110			(25	)		453			(85	)
Total net charge-offs	$	3,987		$	2,243		$	7,204		$	3,170		$	13,691		$	6,230		$	17,933

NON-PERFORMING ASSETS	6/30/2012			3/31/2012			12/31/2011			9/30/2011			6/30/2011
Delinquent loans 90 days or more on non-accrual status	$	39,567		$	39,651		$	31,212		$	27,790		$	35,385
Delinquent loans 90 days or more on accrual status5, 7		20,708			18,192			16,169			-			-
Accruing restructured loans		22,994			24,106			18,775			23,543			15,787
Total non-performing loans		83,269			81,949			66,156			51,333			51,172
Other real estate owned		6,712			5,641			7,625			4,838			4,404
Total non-performing assets	$	89,981		$	87,590		$	73,781		$	56,171		$	55,576
Non-performing assets/ total assets		1.78	%		1.69	%		1.43	%		1.86	%		1.87	%
Non-performing assets/ gross loans & OREO		2.32	%		2.34	%		1.97	%		2.47	%		2.52	%
Non-performing assets/ total capital		12.58	%		10.71	%		9.27	%		14.64	%		14.92	%
Non-performing loans/gross loans		2.15	%		2.19	%		1.77	%		2.26	%		2.32	%
Non-accrual loans/gross loans		1.02	%		1.06	%		0.83	%		1.23	%		1.61	%
Allowance for loan losses/ gross loans		1.69	%		1.67	%		1.66	%		2.65	%		2.71	%
Allowance for loan losses/ non-accrual loans		165.55	%		157.14	%		198.49	%		215.94	%		168.70	%
Allowance for loan losses/ non-performing loans (excludes delinquent loans 90 days or more on accrual status5)		104.71	%		97.73	%		123.94	%		116.90	%		116.66	%
Allowance for loan losses/ non-performing assets		72.80	%		71.14	%		83.97	%		106.83	%		107.41	%

⁵ All such loans represent acquired loans that were originally recorded at fair value upon acquisition. These loans are considered to be accruing as we can reasonably estimate future cash flows on acquired loans and we expect to fully collect the carrying value of these loans. Therefore, we are accreting the difference between the carrying value of these loans and their expected cash flows.

BREAKDOWN OF ACCRUING RESTRUCTURED LOANS BY TYPE:	6/30/2012		3/31/2012		12/31/2011		9/30/2011		6/30/2011
Retail buildings	$	1,526	$	804	$	586	$	590	$	-
Hotels/motels		8,909		8,425		9,481		12,905		12,027
Gas stations/ car washes		-		-		-		-		-
Mixed-use facilities		2,312		3,254		947		952		953
Warehouses		1,052		1,060		-		-		-
Multifamily		-		-		-		-		-
Other6		9,195		10,563		7,761		9,096		2,807
Total	$	22,994	$	24,106	$	18,775	$	23,543	$	15,787
6 Includes commercial business and other loans
DELINQUENT LOANS LESS THAN 90 DAYS PAST DUE	6/30/2012		3/31/2012		12/31/2011		9/30/2011		6/30/2011
Legacy
30 - 59 days	$	5,479	$	3,062	$	2,842	$	9,455	$	1,450
60 - 89 days		833		3,747		507		1,503		1,868
Total delinquent loans less than 90 days past due - legacy7	$	6,312	$	6,809	$	3,349	$	10,958	$	3,318
Acquired
30 - 59 days	$	3,601	$	6,422	$	10,729
60 - 89 days		6,080		3,075		8,344
Total delinquent loans less than 90 days past due - acquired7	$	9,681	$	9,497	$	19,073
Total delinquent loans less than 90 days past due7	$	15,993	$	16,306
DELINQUENT LOANS LESS THAN 90 DAYS PAST DUE BY TYPE		6/30/2012		3/31/2012		12/31/2011		9/30/2011		6/30/2011
Legacy
Real estate loans	$	5,269	$	5,540	$	1,569	$	9,091	$	1,701
Commercial loans		1,027		1,269		1,777		1,861		1,606
Consumer loans		16		-		3		6		11
Total delinquent loans less than 90 days past due - legacy7	$	6,312	$	6,809	$	3,349	$	10,958	$	3,318
Acquired
Real estate loans	$	6,631	$	6,972	$	14,965
Commercial loans		2,422		1,655		3,040
Consumer loans		628		870		1,068
Total delinquent loans less than 90 days past due - acquired7	$	9,681	$	9,497	$	19,073
Total delinquent loans less than 90 days past due7	$	15,993	$	16,306	$	22,422
NON-ACCRUAL LOANS BY TYPE	6/30/2012		3/31/2012		12/31/2011		9/30/2011		6/30/2011
Real estate loans	$	27,822	$	27,301	$	19,469	$	14,725	$	20,661
Commercial loans		11,463		11,378		11,593		12,908		14,342
Consumer loans		282		972		150		157		382
Total non-accrual loans7	$	39,567	$	39,651	$	31,212	$	27,790	$	35,385
WATCH LIST LOANS	6/30/2012		3/31/2012		12/31/2011		9/30/2011		6/30/2011
Legacy
Special mention	$	48,701	$	39,667	$	35,740	$	31,576	$	15,342
Substandard		88,537		100,394		97,673		103,798		116,561
Doubtful		5,530		6,243		6,411		5,600		5,174
Loss		-		-		-		-		-
Total watch list loans - legacy7	$	142,768	$	146,304	$	139,824	$	140,974	$	137,077
Acquired
Special mention	$	60,686	$	67,722	$	61,411
Substandard		110,370		109,699		100,680
Doubtful		261		470		76
Loss		11		81		-
Total watch list loans - acquired7	$	171,328	$	177,972	$	162,167
Total watch list loans7	$	314,096	$	324,276	$	301,991

⁷ Excludes the guaranteed portion of delinquent SBA loans as these are 100% guaranteed by the SBA.

CONTACT:
Investors and Financial Media:
BBCN Bancorp, Inc.
Angie Yang
SVP, Investor Relations
213-251-2219
angie.yang@BBCNbank.com