Wilshire Bancorp (WIBC) 10-K/A 11 Apr 16 2015 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Feb. 12, 2016	Jun. 30, 2015
Document and Entity Information
Entity Registrant Name	WILSHIRE BANCORP INC
Entity Central Index Key	1,285,224
Document Type	10-K/A
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 894.2
Entity Common Stock, Shares Outstanding		78,643,353
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS:
Cash and due from banks	$ 118,089	$ 233,699
Federal funds sold and other cash equivalents	104	254
Cash and cash equivalents	118,193	233,953
Deposits held in other financial institutions		8,000
Securities available-for-sale, at fair value (amortized cost of $533 million and $384 million at December 31, 2015 and December 31, 2014, respectively)	535,524	388,367
Securities held-to-maturity, at amortized cost (fair value of $22 thousand and $28 thousand at December 31, 2015 and December 31, 2014, respectively)	21	26
Loans receivable (net of allowance for loan losses of $52 million and $49 million at December 31, 2015 and December 31, 2014, respectively)	3,767,299	3,259,673
Loans held-for-sale, at the lower of cost or fair value	25,223	11,783
Federal Home Loan Bank ("FHLB") stock, at cost	16,539	16,539
Other real estate owned ("OREO")	9,179	7,922
Due from customers on acceptances	7,250	5,611
Cash surrender value of bank owned life insurance	25,028	23,330
Investments in affordable housing partnerships	48,867	44,077
Bank premises and equipment	16,096	13,881
Accrued interest receivable	9,226	8,792
Deferred income taxes	21,489	22,271
Servicing assets	19,894	18,031
Goodwill	67,473	67,473
Core deposits intangibles	3,185	4,155
Other assets	22,982	21,585
TOTAL	4,713,468	4,155,469
Deposits:
Non-interest bearing	1,088,436	915,413
Interest bearing:
Savings	133,872	128,943
Money market and NOW accounts	1,015,863	797,666
Time deposits of $100,000 or more	1,349,440	1,291,844
Other time deposits	252,265	267,393
Total deposits	3,839,876	3,401,259
FHLB advances	220,000	150,000
Junior subordinated debentures	72,016	71,779
Commitments to fund affordable housing partnerships investments	15,730	9,430
Accrued interest payable	2,105	2,228
Acceptances outstanding	7,250	5,611
Other liabilities	23,561	25,751
Total liabilities	$ 4,180,538	$ 3,666,058
SHAREHOLDERS' EQUITY:
Preferred stock, $1,000 par value - authorized, 5,000,000 shares; none issued and outstanding, at December 31, 2015 and December 31, 2014
Common stock, no par value-authorized, 200,000,000 shares at December 31, 2015 and December 31, 2014; issued and outstanding, 78,608,717 and 78,322,462 shares at December 31, 2015 and December 31, 2014, respectively	$ 233,341	$ 232,001
Accumulated other comprehensive income, net of tax	3,286	4,453
Retained earnings	296,303	252,957
Total shareholders' equity	532,930	489,411
TOTAL	$ 4,713,468	$ 4,155,469

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Securities available-for-sale, at fair value, amortized cost (in dollars)	$ 533,000	$ 384,000
Securities held-to-maturity, at amortized cost, fair value (in dollars)	22	28
Loans receivable, allowance for loan losses (in dollars)	$ 52,000	$ 49,000
Preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, authorized shares	5,000,000	5,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized shares	200,000,000	200,000,000
Common stock, issued shares	78,608,717	78,322,462
Common stock, outstanding shares	78,608,717	78,322,462

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
INTEREST INCOME:
Interest and fees on loans	$ 167,361	$ 155,020	$ 115,722
Interest on investment securities	8,545	8,195	7,423
Interest on federal funds sold and other earning assets	987	489	594
Total interest income	176,893	163,704	123,739
INTEREST EXPENSE:
Interest on deposits	22,742	15,926	11,968
Interest on FHLB advances and other borrowings	1,537	522	244
Interest on junior subordinated debentures	1,772	1,719	1,197
Total interest expense	26,051	18,167	13,409
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES AND LOAN COMMITMENTS	150,842	145,537	110,330
PROVISION FOR LOAN LOSSES AND LOAN COMMITMENTS	700
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES AND LOAN COMMITMENTS	150,142	145,537	110,330
NON-INTEREST INCOME:
Service charges on deposit accounts	12,253	12,693	11,412
Gain on sale of SBA loans	8,792	14,366	13,307
Gain on sale of residential loans	3,290	366	108
Gain on sale of other loans	4,988	230
Loan-related servicing fees	7,357	6,092	5,011
Net change in fair value of derivatives	206
Gain on sale or call of securities			19
Other income	8,768	7,494	4,326
Total non-interest income	45,654	41,241	34,183
NON-INTEREST EXPENSE:
Salaries and employee benefits	54,144	49,724	40,131
FDIC loss-share indemnification impairment		597
Occupancy and equipment	13,300	13,371	8,851
Regulatory assessment fee	2,404	2,239	1,391
Professional fees	3,119	3,270	3,704
Data processing	4,406	3,998	2,801
Affordable housing partnerships investment losses	4,981	4,239	3,838
Amortization of core deposit intangibles	970	1,069	383
Merger related costs	994	3,577	2,797
Other operating expense	15,572	15,430	12,960
Total non-interest expense	99,890	97,514	76,856
INCOME BEFORE INCOME TAXES	95,906	89,264	67,657
INCOME TAX PROVISION	34,501	30,255	22,281
NET INCOME	$ 61,405	$ 59,009	$ 45,376
EARNINGS PER COMMON SHARE INFORMATION:
Basic (in dollars per share)	$ 0.78	$ 0.75	$ 0.63
Diluted (in dollars per share)	$ 0.78	$ 0.75	$ 0.63
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	78,486,883	78,250,901	71,771,116
Diluted (in shares)	78,818,556	78,591,374	72,037,516

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$ 61,405	$ 59,009	$ 45,376
UNREALIZED (LOSS) GAIN ON SECURITIES AVAILABLE-FOR-SALE :
Unrealized (losses) gains on securities available-for-sale arising during the period	(2,044)	7,681	(11,445)
Reclassification adjustment for gains realized in net income			(19)
Less income tax expense (benefit)	(860)	3,224	(4,815)
Net change in net unrealized (losses) gains on securities available-for-sale	(1,184)	4,457	(6,649)
UNREALIZED (LOSS) GAIN ON INTEREST-ONLY STRIP:
Net unrealized (losses) gains on interest-only strips arising during period	(56)	(53)	28
Less income tax expense (benefit)	(23)	(22)	19
Net unrealized changes in net (losses) gains on interest-only strips	(33)	(31)	9
BOLI UNRECOGNIZED PRIOR SERVICE COST:
BOLI unrecognized prior service cost	50	50	(194)
Net changes to BOLI unrecognized prior service cost	50	50	(194)
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME	(1,167)	4,476	(6,834)
TOTAL COMPREHENSIVE INCOME	$ 60,238	$ 63,485	$ 38,542

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Accumulated Other Comprehensive Income (Loss)	Accumulated Net Unrealized Investment Gain (Loss)	Retained Earnings	Total
BALANCE at Dec. 31, 2012	$ 164,790	$ 6,811		$ 170,816	$ 342,417
BALANCE (in shares) at Dec. 31, 2012	71,295,144
Increase (Decrease) in Shareholders' Equity
Stock options exercised/forfeited	$ 958				958
Stock options exercised/forfeited (in shares)	206,911
Common stock issued for acquisition of Saehan Bancorp	$ 67,780				67,780
Common stock issued for acquisition of Saehan Bancorp (in shares)	7,210,664
Cash dividend declared or accrued:
Common stock ($0.09 for 2013, $0.20 for 2014 and $0.23 for 2015 per share)				(6,587)	(6,587)
Common stock repurchased	$ (4,287)				(4,287)
Common stock repurchased (in shares)	(651,412)
Share-based compensation expense	$ 460				460
Tax benefit from stock options exercised	135				135
Comprehensive income:
Net income				45,376	45,376
Other comprehensive income (loss)		(6,834)	$ (6,649)		(6,834)
Comprehensive income					38,542
BALANCE at Dec. 31, 2013	$ 229,836	(23)		209,605	439,418
BALANCE (in shares) at Dec. 31, 2013	78,061,307
Increase (Decrease) in Shareholders' Equity
Stock options exercised/forfeited	$ 974				974
Stock options exercised/forfeited (in shares)	192,786
Restricted stock granted/forfeited, net (in shares)	67,637
Cash dividend declared or accrued:
Common stock ($0.09 for 2013, $0.20 for 2014 and $0.23 for 2015 per share)				(15,647)	(15,647)
Stock dividend related to restricted stock				(10)	(10)
Stock dividend related to restricted stock ( in shares)	732
Share-based compensation expense	$ 932				932
Tax benefit from stock options exercised	259				259
Comprehensive income:
Net income				59,009	59,009
Other comprehensive income (loss)		4,476	4,457		4,476
Comprehensive income					63,485
BALANCE at Dec. 31, 2014	$ 232,001	4,453		252,957	489,411
BALANCE (in shares) at Dec. 31, 2014	78,322,462
Increase (Decrease) in Shareholders' Equity
Stock options exercised/forfeited	$ 810				$ 810
Stock options exercised/forfeited (in shares)	149,738				149,738
Restricted stock granted/forfeited, net (in shares)	136,517
Adjustments to additional paid-in capital from non-qualified stock options and restricted stock	$ (545)				$ (545)
Cash dividend declared or accrued:
Common stock ($0.09 for 2013, $0.20 for 2014 and $0.23 for 2015 per share)				(18,033)	(18,033)
Stock dividend related to restricted stock				(26)	(26)
Share-based compensation expense	1,075				1,075
Comprehensive income:
Net income				61,405	61,405
Other comprehensive income (loss)		(1,167)	$ (1,184)		(1,167)
Comprehensive income					60,238
BALANCE at Dec. 31, 2015	$ 233,341	$ 3,286		$ 296,303	$ 532,930
BALANCE (in shares) at Dec. 31, 2015	78,608,717

CONSOLIDATED STATEMENTS OF SHA7

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Common stock cash dividend declared or accrued (in dollars per share)	$ 0.23	$ 0.2	$ 0.09

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 61,405	$ 59,009	$ 45,376
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of investment securities	1,899	1,610	2,786
Depreciation of Bank premises and equipment	3,661	3,783	2,496
Accretion of discount on acquired loans	(7,958)	(11,214)	(2,463)
Amortization of liabilities acquired from acquisitions	393	(1,270)	(268)
FDIC loss-share indemnification impairment		597
Amortization of core deposits intangibles	970	1,069	383
Provision for loan losses and loan commitments	700
Provision for other real estate owned losses	316	406	221
Deferred tax expense	1,118	13,640	948
Loss on disposition of bank premises and equipment	61	143	1
Net gain on sale of SBA loans	(8,792)	(14,366)	(13,307)
Net gain on sale of residential loans	(3,290)	(366)	(108)
Net gain on sale of other loans	(4,988)	(230)
Origination of SBA loans held-for-sale	(92,438)	(112,679)	(107,504)
Origination of residential loans held-for-sale	(180,425)	(15,484)	(439,490)
Proceeds from sale of SBA loans held-for-sale	106,816	158,896	147,635
Proceeds from sale of residential loans held-for-sale	164,690	15,188	511,586
Net gain on sale/call of available-for-sale securities	0	0	(19)
Net change in fair value of servicing assets	1,166	1,062	696
Amortization of servicing rights	1,014	1,500	415
Net gain on sale of OREO	(1,216)	(28)	(184)
Gain on sale of previously held equity interests		(20)	(16)
Share-based compensation expense	1,075	932	460
Earnings of cash surrender value of life insurance	(574)	(274)	(596)
Servicing assets capitalized	(4,043)	(4,485)	(3,639)
Net change in accrued interest receivable	(434)	(442)	394
Loss on investments in affordable housing partnerships	4,981	4,239	3,838
Net change in fair value of derivatives	(206)
Net change in other assets	(13,903)	(11,188)	3,265
Dividends of FHLB stock	2,018	1,170	543
Net change in accrued interest payable	(123)	(190)	(2,865)
Net change in other liabilities	7,365	(393)	2,184
Net cash provided by operating activities	41,258	90,615	152,768
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from principal repayment of securities held-to-maturity	5	9	15
Proceeds from principal repayments, matured, called, or sold securities available-for-sale	157,413	68,844	84,910
Purchase of securities available-for-sale	(308,513)	(98,703)	(71,377)
Net change in interest-bearing deposits in other financial institutions	8,000	13,019	8,863
Net increase in loans receivable	(514,803)	(489,294)	(271,639)
(Payment) receipt of FDIC loss-share indemnification	(2,022)	2,618	1,792
Proceeds from sale of other loans	12,246	4,635	488
Proceeds from sale of other real estate owned	6,562	3,342	3,132
Proceeds from sale of repossessed assets		84
Purchases of investments in affordable housing partnerships	(3,471)	(5,806)	(8,273)
Purchases of bank premises and equipment	(1,123)	(1,870)	(866)
Purchase of FHLB stock		(1,006)	(1,348)
Redemption of FHLB stock		450	379
Purchases of bank owned life insurance	(3,501)	(538)	(710)
Net cash received from acquisitions			42,966
Net cash used in investing activities	(649,207)	(504,216)	(211,668)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	810	974	958
Tax benefit from exercise of stock options		259	135
Cash paid for stock repurchases			(4,287)
Payment of cash dividend on common stock	(17,238)	(14,082)	(4,244)
Cash paid for former BankAsiana CDCI Preferred Stock redemption			(5,250)
Increase in FHLB advances	170,000	50,000	80,000
Decrease in FHLB advances	(100,000)	(90,000)	(50,000)
Net change in deposits	438,617	529,749	38,742
Net cash provided by financing activities	492,189	476,900	56,054
NET CHANGE IN CASH AND CASH EQUIVALENTS	(115,760)	63,299	(2,846)
CASH AND CASH EQUIVALENTS-Beginning of year	233,953	170,654	173,500
CASH AND CASH EQUIVALENTS-End of year	118,193	233,953	170,654
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid	26,173	18,358	13,029
Income taxes paid	36,103	18,577	22,852
Income tax refunds received	1,041	528	2
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Real estate acquired through foreclosures	7,376	4,292	3,260
Loans transferred to held-for-sale from loans receivable	8,810	3,605	1,288
Loans transferred to loans receivable from held-for-sale	1,551	3,783	404
Other assets transferred to bank premises and equipment	2,436	2,075	1,196
Common stock cash dividend declared, but not paid	$ 4,720	$ 3,917	2,342
Common stock issued in consideration of Saehan Bancorp acquisition			$ 67,780

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Wilshire Bancorp, Inc. (the "Company") succeeded to the business and operations of Wilshire Bank (the "Bank"), a California state-chartered commercial bank, upon consummation of the reorganization of the Bank into a holding company structure, effective as of August 25, 2004. Wilshire Bank was incorporated under the laws of the State of California on May 20, 1980 and commenced operations on December 30, 1980. The Company was incorporated in December 2003 as a wholly owned subsidiary of the Bank for the purpose of facilitating the issuance of trust preferred securities and eventually serving as the holding company of the Bank. The Bank's shareholders approved reorganization into a holding company structure on August 25, 2004. As a result of the reorganization, shareholders of the Bank are now shareholders of the Company and the Bank is a direct subsidiary of the Company. The Bank's primary source of revenue is from providing financing for business working capital, commercial real estate, and trade activities, and its investment portfolio. The accounting and reporting policies of the Company and Bank are in accordance with accounting principles generally accepted in the United States of America and conform to general practices in the banking industry. Principles of Consolidation —The consolidated financial statements include the accounts of the Company and its subsidiaries. Inter-company transactions and accounts have been eliminated in consolidation. Reclassification —Certain reclassifications have been made to prior years' consolidated financial statements and related notes to conform to current year presentation. There was no effect on net income or total shareholders' equity from the reclassifications. Cashflows —Cash and cash equivalents include cash and due from banks, term federal funds sold, and overnight federal funds sold. Net cash flows are reported for customer loan and deposit transactions, federal funds purchased, and repurchase agreements. Deposits held in other financial institutions —Deposits held in other financial institutions consist of time deposits of the Company or Bank held at other financial institutions. These deposits are a source of interest income and are similar to short-term investments. Investment Securities —Investments are classified into three categories and accounted for as follows: (i) Securities that the Company has the positive intent and ability to hold to maturity are classified as "held-to-maturity" and reported at amortized cost; (ii) Securities that are bought and held principally for the purpose of selling them in the near future are classified as "trading securities" and reported at fair value; and (iii) Securities not classified as held-to-maturity or trading securities are classified as "available-for-sale" and reported at fair value. Unrealized gains and losses are reported, net of taxes, as a separate component of accumulated other comprehensive income in shareholders' equity. The Company had no trading securities at December 31, 2015 and 2014. Accreted discounts and amortized premiums on investment securities are included in interest income using the effective interest method, and unrealized and realized gains or losses related to holding, selling, or called securities are calculated using the specific-identification method. In accordance with Accounting Standards Codification ("ASC") 320-10-35-18, "Recognition and Presentation of Other-Than-Temporary Impairments", an other-than-temporary impairment ("OTTI") is recognized if the fair value of a debt security is lower than the amortized cost and the debt security will be sold, it is more-likely-than-not that the Company will be required to sell the security before recovering the amortized cost, or if it is expected that not all of the amortized cost will be recovered. Credit related declines in the fair value of investment securities below their amortized cost that are deemed to be other-than-temporary are reflected in earnings as realized losses in the Consolidated Statements of Income. Declines related to factors aside from credit are unrealized losses reflected in other comprehensive income, net of taxes. The Company did not record an OTTI on investment securities in years ended 2015, 2014, and 2013. Investment in available-for-sale securities are recorded at fair value pursuant to ASC 320-10-35-1. The measurement of fair value is based upon quoted prices for similar securities, if available. If quoted prices are not available, fair value is calculated using matrix pricing models, or other model-based valuation techniques requiring observable inputs other than quoted prices such as yield curves, prepayment speeds, and default rates. The available-for-sale investment portfolio includes federal agency securities, residential mortgage-backed securities, residential collateralized mortgage obligations, municipal bonds, and corporate debt securities. The fair value of the Company's existing available-for-sale security holdings as of December 31, 2015 and 2014 are measured using matrix pricing models in lieu of direct price quotes and are recorded based on Level 2 measurement inputs. Loans —Loans that management has the intent and ability to hold for the foreseeable future, until maturity, or pay-off are generally reported at their outstanding unpaid principal balances adjusted for charge-offs, allowance for loan losses, discount, and deferred fees or costs. Interest from loans is credited to income as earned and is accrued only if deemed collectible. Accrual of interest is generally discontinued when a loan is 90 days or more delinquent unless management believes principal and interest on the loan is recoverable. Generally, payments received on non-accrual loans are recorded as principal reductions. Interest income on non-accrual loans is recognized after all principal has been repaid or an improvement in the condition of the loan has occurred that would warrant resumption of interest accruals. (i) Loans Held-for-Sale Certain loans that may be sold prior to maturity have been designated as held-for-sale at origination and are recorded at the lower of cost or fair value. A valuation allowance is established if the fair value of held-for-sale loans is lower than their cost, and is charged against operating income. The premium on the pro-rata principal of Small Business Administration ("SBA") and residential loans sold is recognized as gain on sale of loans. The discount related to the unsold principal of SBA loans is deferred and amortized over the remaining life of the loan as an adjustment to yield. (ii) Acquired Loans Acquired loans are recorded at fair value at the time they are acquired and any related allowance is not carried over at the acquisition date. At acquisition, acquired loans are segmented into two groups, loans with evidence of credit deterioration, and loan without evidence of credit deterioration. Purchased loans with evidence of credit deterioration where the Company estimates that it will not receive all contractual payments are accounted for as purchased credit impaired loans in accordance with ASC 310-30, "Loans and Debt Securities Acquired with Deteriorated Credit Quality" and are referred to herein as "ASC 310-30 loans." Acquired loans without evidence of credit deterioration are not accounted for under ASC 310-30 and are referred to as "Non-ASC 310-30 loans." At the time of acquisition, Non-ASC 310-30 loans are aggregated into pools based on similar loan characteristics such as type of loans, variable or fixed interest rate, payment type, and other factors. Management periodically reassess the net realizable value of Non-ASC 310-30 loan pools and records interest income resulting from the accretion of the purchase discount in accordance with ASC 310-20. (iii) Credit Impaired Loans (ASC 310-30 Loans) Purchased loans with evidence of credit deterioration where the Company estimates that it will not receive all contractual payments are accounted for as purchased credit impaired loans in accordance with ASC 310-30. At the time of acquisition, ASC 310-30 loans are aggregated into pools based on similar loan characteristics such as type of loans, variable or fixed interest rate, payment type, and other factors. The estimated cashflows expected for each pool is estimated at the time the loans are acquired. The excess of the cash flows expected to be collected on ASC 310-30 loans, measured as of the acquisition date, over the estimated fair value is referred to as the "accretable yield," and is recognized in interest income over the remaining life of the loan using a level yield method of accretion. The difference between contractually required payments as of the acquisition date and the cash flows expected to be collected is referred to as "non-accretable difference," and is not accreted over time. For Non-ASC 310-30 loans, the difference between contractually required payments as of the acquisition date and the fair value is accreted over the remaining life of the loan using a level yield method of accretion. The Company estimates expected cash flows to be collected over the life of acquired loans on a recurring basis. If the Company determines that expected cashflows have decreased, ASC 310-30 loans would be considered further impaired which would result in a provision for loan losses and a corresponding increase in valuation allowance included in the allowance for loan losses. However, if expected cashflows have increased in subsequent evaluations, the Company will reduce any remaining valuation allowance. If a valuation allowance does not exist, the accretable yield will be recalculated to account for the increase in expected cashflows. Nonrefundable fees, net of incremental costs, associated with the origination of loans are deferred and recognized as an adjustment of the loan yield over the life of loans using the effective interest method. Other loan fees and charges, representing service costs for the prepayment of loans, for delinquent payments, or for miscellaneous loan services, are recorded as income when collected. Allowance for Loan Losses and Loan Commitments —Based on the credit risk inherent in our lending business, we set aside allowance for losses on loans and loan commitments which are charged to earnings. These charges are not only made for the outstanding loan portfolio, but also for off-balance sheet loan commitments, such as commitments to extend credit or letters of credit. The charges made for the outstanding loan portfolio are recorded to the allowance for loan losses, whereas charges related to loan commitments are recorded as a reserve for loan commitments, which is presented as a component of other liabilities. The allowance for loan losses is comprised of two components the general valuation allowance ("GVA") and the specific valuation allowance ("SVA"). The GVA allowance is based on loans that are evaluated for losses in pools based on historical experience in addition to qualitative adjustments ("QA"), or estimated losses from factors not captured by historical experience. The SVA portion of the allowance is based on the estimated losses on impaired loans that are individually evaluated. Management performs a review of the historical loss rates used in the GVA as well as the factors in our QA methodology on a quarterly basis due to the increased significance of GVA when estimating losses in the current economic environment. To establish an adequate allowance, we must be able to recognize when loans have become a problem. A risk grade of either pass, watch, special mention, substandard, or doubtful, is assigned to every loan in the loan portfolio, with the exception of homogeneous loans, or loans that are evaluated together in pools of similar loans (i.e., home mortgage loans, home equity lines of credit, overdraft loans, express business loans, and automobile loans). The following is a brief description of the loan classifications or risk grades used in our allowance calculation: Pass Loans —Loans that are past due less than 30 days that do not exhibit signs of credit deterioration. The financial condition of the borrower is sound as is the status of any collateral. Loans secured by cash (principal and interest) also fall within this classification. Watch Loans —Performing loans with borrowers that have experienced adverse financial trends, higher debt/equity ratio, or weak liquidity positions, but not to the degree that the loan is considered a problem. Special Mention —Loans that are currently protected but exhibit an increasing degree of risk based on weakening credit strength and/or repayment sources. Contingent or remedial plans to improve the Bank's risk exposure is documented for these loans. Substandard —Loans inadequately protected by the current worth and paying capacity of the borrower or pledged collateral, if any. This grade is assigned when inherent credit weakness is apparent. Doubtful —Loans having all the weakness inherent in a "substandard" classification but collection or liquidation is highly questionable with the possibility of loss at some future date. We currently use a type of migration analysis as a factor in calculating our allowance for loan losses in addition to a software program used to produce historical loss rates for different loan classes used in our GVA estimations. The Company also utilizes a QA matrix to estimate losses not captured by historical experience. The QA matrix takes into consideration both internal and external factors which include forecasted economic indicators (unemployment & GDP), problem loan trends (non-accrual, delinquency, and impaired loans), trends in real estate value, and other factors. Although the QA takes into consideration different loan segments and loan classes, the application is made to the loan portfolio as a whole. For impaired loans, or SVA allowance, we evaluate loans on an individual basis to determine impairment in accordance with generally accepted accounting principles ("GAAP"). All these components are added together for a final allowance for loan losses figure. The allowance calculation is performed on a quarterly basis. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings ("TDR"). The Company considers all TDRs to be impaired and are therefore accounted for in the same manner as other impaired loans. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Commercial and commercial real estate impaired loans are individually evaluated for impairment. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, at the net present value of estimated future cash flows using the loan's existing rate, or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan's effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. Allowance for loan commitments represents reserves for unfunded loans commitments or lines of credit that are available but have not yet been utilized by the borrower. The allowance for unfunded loan commitments is calculated by breaking down commitments by loan classes and takes into account such factors as average three month utilization rate and historical losses. The allowance for loan commitments is reported separately from allowance for loan losses in other liabilities in the "Consolidated Statements of Financial Condition". Loan Commitments and Related Financial Instruments —Loan commitments and related financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The face amount for these items represents the loss exposure before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Servicing Assets —Upon sales of SBA guaranteed and residential mortgage loans, the Company receives a fee for servicing the loans. A servicing asset is initially recorded at fair value with the income statement effect recorded in gain on sale of loans. Fair value is based on the present value of the contractually specified servicing fee, net of servicing cost, over the estimated life of the loan, with an average discount rate and a range of constant prepayment rates of the related loans. Any subsequent increase or decrease in fair value of servicing assets and liabilities is to be included with loan-related servicing fees on the Consolidated Statements of Income. Bank Premises and Equipment —Bank premises and equipment are stated at cost less accumulated depreciation and amortization while land is carried at cost. Depreciation on building, furniture, fixtures, and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which can range from 3 to 30 years. Leasehold improvements are capitalized and amortized using the straight-line method over the term of the lease or the estimated useful lives of the improvements, whichever is shorter. Other Real Estate Owned ("OREO") —OREO, which represents real estate acquired through foreclosures in satisfaction of commercial and real estate loans, are initially recorded at fair value less estimated selling costs of the property, establishing a new cost basis. The fair value of OREO is determined through appraisals or independent valuation. Loan balances in excess of the fair value of the real estate acquired at the date of acquisition are charged to the allowance for loan losses. These assets are subsequently accounted for at the lower of cost or fair value, less estimated costs to sell. Any subsequent operating expenses or income, reduction in estimated fair values, and gains or losses on disposition of such properties are recorded in Consolidated Statements of Income for the current period. Mortgage Banking Derivatives —Mortgage banking derivatives are instruments used to hedge the risk to residential mortgage loans sales from changes in interest rates. Residential mortgage loans funded with interest rate lock commitments and forward commitments for the future delivery of mortgage loans to third party investors, are both considered derivatives. The Company accounts for loan commitments related to the origination of mortgage loans that will be held-for-sale as derivatives at fair value on the balance sheet, with changes in fair value recorded in earnings. Commitments to originate mortgage loans that will be held for investment are not accounted for as derivatives and therefore are not recorded at fair value. Subsequent changes in the fair value of a derivative loan commitments are recognized in earnings in the period in which the changes occur. Impairment of Long-Lived Assets —The Company reviews its long-lived assets for impairment annually or when events or circumstances indicate that the carrying amount of these assets may not be recoverable. An asset is considered impaired when the expected undiscounted cash flows over the remaining useful life are less than the net book value. When impairment is indicated for an asset, the amount of impairment loss is the excess of the net book value over its fair value. FHLB Stock —The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and both cash and stock dividends are reported as income. An impairment analysis of FHLB Stock is performed annually or when events or circumstances indicate possibility of impairment. Bank Owned Life Insurance ("BOLI") Obligation —The Company has purchased life insurance policies on certain key executives and Directors. BOLI is recorded at the amount that can be realized under the insurance contract at the statement of financial condition date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. ASC 715-60-35, "Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements," requires an employer to recognize obligations associated with endorsement split-dollar life insurance arrangements that extend into the participant's post-employment benefit cost for the continuing life insurance or based on the future death benefit depending on the contractual terms of the underlying agreement. During 2015, 2014, and 2013, the increase in BOLI expense related to the adoption of ASC 715-60-35 was $272,000, $155,000, and $563,000, respectively, which was included as part of the other expenses in the Consolidated Statements of Income. The accrued liabilities, included in other liabilities, totaled $4.9 million and $4.7 million, at December 31, 2015, and 2014, respectively. Affordable Housing Partnerships Investments —The Company invests in limited partnerships formed to develop and operate affordable housing units for lower income tenants throughout the states of California, Texas, and New York. These investments are accounted for using the equity method of accounting. If the partnerships cease to qualify during the compliance period, the credits may be denied for any period in which the projects are not in compliance and a portion of the credits previously taken is subject to recapture with interest. The carrying value of such investments and commitments to fund investment in affordable housing is recorded as "Investment in affordable housing partnerships" in the Consolidated Statement of Financial Condition. Commitment to fund investments in affordable housing is also included in this line items but is also grossed up and recorded as a liability in "Commitments to fund affordable housing partnerships investments". Goodwill and Intangible Assets —The Company recognized goodwill in connection with the acquisition of Liberty Bank of New York in 2006, and subsequently in 2013 with the acquisitions of BankAsiana and Saehan. Goodwill is presumed to have an indefinite useful life and is tested for impairment, rather than amortized. The goodwill impairment analysis is a two-step test. However, under ASU 2011-08 "Intangibles—Goodwill and Other", a company can first assess qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test. As such, we perform a qualitative assessment on goodwill at least annually. We are not required to calculate the fair value unless we determined, based on this qualitative assessment, that it is more-likely-than-not that the fair value related to goodwill is less than the carrying amount. The assessment of qualitative factors and goodwill testing involves significant judgment and assumptions by management to which there is always some degree of uncertainty. The Company assessed the qualitative factors related to goodwill and determined goodwill was more-than-likely not impaired at December 31, 2015. Goodwill is the only intangible asset with an indefinite life on our statement of financial condition. The Company evaluates the remaining useful lives of its core deposits intangibles asset and lease intangibles as required by ASC 350, "Intangibles—Goodwill and Other", to determine whether events and circumstances warrant a revision to the remaining period of amortization. If the estimate of an intangible asset's remaining useful life has changed, the remaining carrying amount of the intangible asset is amortized prospectively over that revised remaining useful life. The Company has determined that a revision to estimates of the useful lives of its core deposits intangibles or lease intangibles was not required as of December 31, 2015. FDIC Indemnification Asset —With the acquisition of Mirae Bank, the Bank entered into a loss sharing agreement with the FDIC, whereby the FDIC shares in losses and recoveries on acquired loans. The Company accounted for the receivable balances under the loss sharing agreement as an FDIC Indemnification asset in accordance with ASC 805 "Business Combinations". The FDIC indemnification was accounted for on the date of the acquisition by adding the present value of all the cash flows that the Company expected to collect from the FDIC as stated in the loss sharing agreement. The FDIC indemnification balance declined as we received payments from the FDIC. In addition, the FDIC indemnification asset decreased and increased, as expected and actual cash flows increased and decreased, respectively, from what was expected at the time of acquisition. The loss sharing agreement with the FDIC related to losses on loans acquired from Mirae Bank expired in June 2014, although recoveries remain covered under the agreement for an additional three years from that time. Upon the expiration of the loss sharing agreement in respect to losses, the remaining balance of the FDIC indemnification assets was written down. At December 31, 2015, we no longer had an FDIC indemnification asset balance. Income Taxes —The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax rates for deferred tax assets and liabilities is recognized in income in the period that includes the enacted date. Valuation allowances are established when necessary to reduce deferred tax assets when it is more-likely-than-not that a portion or all of the deferred tax assets will not be realized. As of December 31, 2015, management performed an evaluation of all positive and negative evidence regarding the need for a valuation allowance. Positive evidence includes, but is not limited to, 12 quarters (three years) of cumulative positive pre-tax income, 19 continuous quarters of positive earnings, strengthening capital, significantly improved asset quality, and the removal of regulatory orders. Negative evidence includes uncertainty in the recovery or slow growth of U.S. economy, and increased regulatory scrutiny that can adversely affect future earnings. Based on this evaluation, management concluded that the aforementioned available positive evidence outweighed the negative evidence and that deferred tax assets are more-likely-than-not to be realized and therefore no valuation allowance was required. The Company adopted the provision of ASC 740-10-25, "Accounting for Uncertainty in Income Taxes", which clarifies the accounting for uncertainty in income taxes recognized in the financial statements in accordance with 740-10, "Accounting for Income Taxes". ASC 740-10-25 provides that a tax benefit from an uncertain tax position may be recognized when it is more-likely-than-not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. A tax position is recognized as a benefit only if it is "more-likely-than-not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more-likely-than-not" test, no tax benefit is recorded. The Company recognized an increase in the liability for unrecognized tax benefit of $5,000 from prior year tax positions, and a decrease in the liability for unrecognized tax benefit of $1.2 million due to settlements with federal and state tax authorities in 2015. As of December 31, 2015, the total unrecognized tax benefit that would affect the effective tax rate if recognized was $483,000. We expect the unrecognized tax benefits to decrease by approximately $483,000 over the next 12 months due to settlements with state tax authorities. Earnings per Common Share —Basic earnings per common share ("EPS") are computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that would then share in the earnings of the Company. Comprehensive Income —Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on interest-only ("I/O") strips, BOLI unrecognized prior service cost, and unrealized gains and losses on securities available-for-sale. The accumulated change in other comprehensive income, net of tax, is recognized as a separate component of shareholders' equity. Dividend Restrictions —Banking regulations and state laws require the Company and Bank to maintain certain capital levels and may limit the dividends paid by the Bank to the Company or by the Company to its shareholders. Stock-Based Compensation —The Company issues stock-based compensation to certain employees, officers, and directors. Stock-based compensation cost is recognized for stock options and restricted stock awards issued to employees and directors, based on the fair value of these awards on the date of grant. The Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company's common stock on the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Use of Estimates in the Preparation of Financial Statements —The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Recent Accounting Pronouncements In January 2016, the FASB issued ASU 2016-01, "Financial Instruments—Overall (Topic 825-10): "Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 amends the guidance on the classification and measurement of financial instruments. Some of the amendments in ASU 2016-01 include the following: 1) requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; 2) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; 3) requires public business

MERGERS AND ACQUISITIONS

MERGERS AND ACQUISITIONS	12 Months Ended
	Dec. 31, 2015
MERGERS AND ACQUISITIONS
MERGERS AND ACQUISITIONS	2. MERGERS AND ACQUISITIONS Proposed Merger with BBCN Bancorp Inc. On December 7, 2015, the Company entered into an Agreement and Plan of Merger ("Merger Agreement") with BBCN Bancorp Inc. ("BBCN"). Subject to the terms and conditions of the Merger Agreement, which was approved by the board of directors of both the Company and BBCN, the Company will merge with and into BBCN, with BBCN being the surviving corporation. Concurrently with, or as soon as reasonably practicable after the consummation of the Merger, the Bank will merge with and into BBCN Bank, a California state-chartered bank and a wholly owned subsidiary of BBCN, with BBCN Bank being the surviving bank, pursuant to a separate merger agreement between the Bank and BBCN Bank. The combined company will operate under a new name that will be determined prior to the closing. The consummation of the merger is subject to customary conditions, including receipt of regulatory approvals, receipt of the requisite approval of the shareholders of the Company and BBCN, the absence of any law or order prohibiting the closing, and effectiveness of the registration statement to be filed by BBCN with respect to the stock to be issued in the merger. In addition, each party's obligation to consummate the merger is subject to certain other conditions, including the accuracy of the representations and warranties of the other party and compliance of the other party with its covenants, in each case subject to certain materiality standards. The merger is expected to close in the second half of 2016. During the fourth quarter of 2015, the Company recorded $994,000 in merger related costs associated with the proposed merger with BBCN consisting mainly of legal and consulting fees related to due diligence and the signing and announcement of the merger agreement with BBCN. For more information on the merger, please see our Current Report on Form 8-K filed with the SEC on December 7, 2015. Acquisition of Bank of Manhattan's Mortgage Lending Division During the first quarter of 2015, the Bank purchased certain assets and partially assumed the operations of Bank of Manhattan's Mortgage Lending Division ("Mortgage Division"). The Mortgage Division was first formed in 2010 and offers conforming, super-conforming, jumbo residential, and other residential mortgage products. The Bank acquired certain assets and liabilities of the Mortgage Division and hired approximately 30 employees consisting of loan managers, loan officers, and operations personnel. In connection with the acquisition, the Bank entered into a sublease agreement with Bank of Manhattan to operate from one of the Mortgage Division's locations in Southern California. The Mortgage Division has been integrated into the Bank's existing Mortgage Department, substantially increasing the Bank's mortgage lending origination platform. The acquisition was accounted for in accordance with ASC 805 "Business Combinations," using the acquisition method of accounting and was recorded at estimated fair value on the date of the transaction. The transaction resulted in only the acquisition of fixed assets related to the three locations acquired by the Bank. There were no loans or loan commitments acquired in the transaction. The total purchase price paid to Bank of Manhattan for the transaction was $20,000. 2013 Acquisitions of BankAsiana and Saehan Bancorp On October 1, 2013, the Company acquired BankAsiana for approximately $32.5 million, or $14.25 per share of BankAsiana's common stock. The entire consideration was paid to BankAsiana shareholders in cash. BankAsiana was a New Jersey state chartered commercial bank serving the East Coast Korean-American community with three branch offices, two in New Jersey, and one in New York. On November 20, 2013, the Company acquired Saehan Bancorp, Inc. ("Saehan") for approximately $118.2 million. Pursuant to the merger agreement, Saehan shareholders had a right to elect to receive either (a) $0.4247 in cash, (b) 0.06080 shares of Wilshire common stock, or (c) a unit consisting of a mix of $0.21235 in cash and 0.03040 share of Wilshire common stock (subject to proration, adjustment and certain limitations set forth in the Merger Agreement), for each share of Saehan common stock. As a result, 7.2 million shares of the Company's common stock were issued to former Saehan shareholders at $9.40 per share at the date of the acquisition for a total value of $67.8 million. In addition to the stock consideration, Saehan shareholders also received total cash consideration of $50.4 million. Saehan was headquartered in Los Angeles, California and its main subsidiary, Saehan Bank operated ten branches all located in Southern California, and two LPO offices located in the States of Washington and New York. The acquisition of BankAsiana helped to expand our market presence on the East Coast. The customer base and locations of BankAsiana's branches had significant overlap when compared to the Bank's East Coast customer base and branch locations. Saehan also had a similar customer base and operated in the same markets of our Southern California operations. Both acquisitions resulted in large cost savings synergies with consolidation and the potential for future growth. With the Company's level of excess capital at the time, the acquisitions fit well into the Company's growth strategy. The total fair value of assets acquired from BankAsiana and Saehan were $203.9 million and $589.1 million, respectively. We recorded goodwill of $10.8 million for the acquisition of BankAsiana and $50.0 million for the acquisition of Saehan. Total goodwill of $60.8 million from these two acquisitions is largely the result of the benefits discussed above as well as creating a platform for future operations and strengthening the Company's presence in existing markets. Goodwill is not amortized for book purposes and is not tax deductible. Federally Assisted Acquisition of Mirae Bank The FDIC placed Mirae Bank ("Mirae") under receivership upon Mirae's closure by the California Department of Business Oversight ("DBO") at the close of business on June 26, 2009. The Bank purchased substantially all of Mirae's assets and assumed all of Mirae's deposits and certain other liabilities. Further, the Company entered into loss sharing agreements with the FDIC in connection with the Mirae acquisition. In June, 2014, the remaining loss-share agreement with the FDIC related to losses expired. As such, losses on loans acquired from Mirae Bank are no longer covered by the FDIC. However, recoveries will still be shared with the FDIC until June 2017. The table below reflects changes to the FDIC indemnification asset for years indicated: FDIC Indemnification Asset (Dollars in Thousands) 2015 2014 2013 Beginning balance $ — $ $ Additions resulting from charge-offs or impairment — Deletions from loans transferred to OREO — — ) Payments and reimbursement received from the FDIC — ) ) Write-downs from impairment valuations — ) — Write-downs resulting from loans sold or paid-off — ) ) Other write-downs — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ — $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FAIR VALUE MEASUREMENTS FOR FIN

FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2015
FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES
FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES	3. FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value. The fair value inputs of the instruments are classified and disclosed in one of the following categories pursuant to ASC 820: Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The quoted price shall not be adjusted for the blockage factor (i.e., size of the position relative to trading volume). Level 2—Pricing inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Fair value is determined through the use of models or other valuation methodologies, including the use of pricing matrices. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability. Level 3—Pricing inputs are inputs unobservable for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The inputs into the determination of fair value require significant management judgment or estimation. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. The Company uses the following methods and assumptions in estimating our fair value disclosures for financial instruments. Financial assets and liabilities recorded at fair value on a recurring and non-recurring basis are listed as follows: Cash and cash equivalents —The carrying value of our cash and cash equivalents is approximately equal to the fair value resulting in a Level 1 classification. Federal funds sold —The carrying value of federal funds sold is approximately equal to the fair value resulting in a Level 1 classification. Deposits held in other financial institutions —The carrying value of deposits held at other financial institutions is approximately equal to the fair value resulting in a Level 1 classification. Investment securities —Investments securities are recorded at fair value pursuant to ASC 320-10 "Investments—Debt and Equity Securities." Fair value measurements are based upon quoted prices for similar assets, if available (Level 1). If quoted prices are not available, fair values are measured using matrix pricing models, or other model-based valuation techniques requiring observable inputs such as yield curves, prepayment speeds, and default rates (Level 2). Our existing investment security holdings as of December 31, 2015 and December 31, 2014 are measured using matrix pricing models in lieu of direct price quotes and are recorded based on recurring Level 2 measurement inputs. Level 3 measurement inputs are not utilized to measure the fair value for any of our investment securities. Loans —The fair value of variable rate loans that have no significant changes in credit risk are based on the carrying value of the loans. The fair values of other loans are estimated by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar risk characteristics. The aforementioned fair valuation technique results in a Level 3 classification. See below for loans held-for-sale and impaired loans. Loans held-for-sale (excluding impaired loans held-for-sale) —SBA loans and mortgage loans that are held-for-sale are reported at the lower of cost or fair value. Fair value is determined based on quotes, bids, or indications directly from potential purchasing parties. We record SBA and mortgage loans held-for-sale as non-recurring Level 2 measurement inputs. Impaired loans —At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans that are carried at fair value generally having had a charge-off through the allowance for loan losses or a specific valuation allowance. The fair value of impaired loans that are not collateral dependent are measured based on the present value of estimated cash flows. For collateral dependent loans, the fair value is commonly based on recent real estate appraisals of underlying collateral. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may also be valued using an appraisal, net book value per the borrower's financial statements or aging reports, adjusted or discounted based on management's historical knowledge, based on changes in market conditions from the time of the valuation, and management's expertise and knowledge of the client and client's business resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and are adjustments are recorded accordingly. Indications of value for both collateral-dependent impaired loans and other real estate owned are obtained from third party providers or estimated internally by the Company's internal Appraisal Department. All indications of value are reviewed for reasonableness by a member of the Appraisal Department who reviews the assumptions and approaches utilized in the appraisal. The resulting fair value is then compared with independent data sources such as recent market data or industry-wide statistics. Other real estate owned ("OREO") —OREO are measured at fair value less estimated costs to sell when acquired, establishing a new cost basis. Fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process to adjust for differences between the comparable sales and income data available. The Company records OREO as non-recurring with Level 3 measurement inputs. Servicing assets —SBA and residential real estate loan servicing assets represent the value associated with servicing SBA and residential real estate loans that have been sold. The fair value for servicing assets is determined through discounted cash flow analysis and utilizes discount rates, prepayment speeds, and delinquency rate assumptions as inputs. All of these assumptions require a significant degree of management estimation and judgment. The fair market valuation is performed on a quarterly basis for servicing assets. The Company classifies loan servicing assets as recurring with Level 3 measurement inputs. FHLB stock —It is not practical to determine the fair value of FHLB stock due to the restrictions placed on the stock's transferability. Accrued interest receivable —The carrying amount of accrued interest receivable approximates its fair value due to the short-term nature of this asset resulting in a Level 2/Level 3 classification which is consistent with its underlying asset. Due from customers on acceptances and acceptances outstanding —The carrying value of due from customers on acceptances and acceptances outstanding are approximately equal to the fair value, resulting in a Level 1 classification. Mortgage banking derivatives —Mortgage banking derivative instruments consist of interest rate lock commitments and forward sale contracts that trade in liquid markets. The fair value is based on the prices available from third party investors. Due to the observable nature of the inputs used in deriving the fair value, the valuation of mortgage banking derivatives are classified as Level 2. Non-interest-bearings deposits —The carrying value of our non-interest-bearings deposits is approximately equal to the fair value resulting in a Level 1 classification. Interest-bearings deposits —The fair value of money market and savings accounts is estimated to be the amount that is payable on demand as of the reporting date resulting in Level 2 classification. Fair value for fixed-rate time deposits is estimated using a discounted cash flow analysis which utilizes current interest rates offered on deposits of similar maturities resulting in a Level 2 classification. Junior subordinated debentures —The fair value for junior subordinated debentures is derived from a discounted cash flow analysis based on current rates that are given for securities with similar risk characteristics, resulting in a Level 2 classification. Short-term FHLB advances —The carrying value of our short-term FHLB advances is approximately equal to the fair value as the borrowings are usually variable rate and are renewed daily. As such, these liabilities have a Level 1 classification. Long-term FHLB advances —The fair value for long-term FHLB advances is derived from a discounted cash flow analysis based on current rates that are given for borrowings with similar risk characteristics, resulting in a Level 2 classification. Accrued interest payable —The carrying amount of accrued interest payable approximates its fair value due to the short-term nature of this liability resulting in a Level 1 or 2 classification consistent with its underlying liabilities. The tables below summarize the valuation of the Company's financial instruments measured on a recurring basis by the above ASC 820-10 fair value hierarchy levels as of December 31, 2015 and December 31, 2014: Financial Instruments Measured at Fair Value on a Recurring Basis (Dollars in Thousands) Fair Value Measurements Using: As of December 31, 2015 Total Fair Value Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments Securities of government sponsored enterprises $ $ — $ $ — Mortgage-backed securities (residential) — — Collateralized mortgage obligations (residential) — — Corporate securities — — Municipal bonds — — Servicing assets — — Mortgage banking derivative assets — — Mortgage banking derivative liabilities ) — ) — Fair Value Measurements Using: As of December 31, 2014 Total Fair Value Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments Securities of government sponsored enterprises $ $ — $ $ — Mortgage-backed securities (residential) — — Collateralized mortgage obligations (residential) — — Corporate securities — — Municipal bonds — — Servicing assets — — Servicing assets measured at fair value on a recurring basis, which were deemed to have Level 3 fair value inputs when determining valuation, are identified in the table below with a summary of changes in fair value for the years ended December 31, 2015 and December 31, 2014: Twelve Months Ended December 31, (Dollars in Thousands) 2015 2014 Servicing Assets: Balance at beginning of period $ $ Net realized losses in net income ) ) Net purchases, sales, and settlement Transfers in or out of Level 3 — — ​ ​ ​ ​ ​ ​ ​ ​ Balance at end period $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cumulative unrealized loss in accumulated other comprehensive income (loss) $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ We had no transfers of financial instruments between Levels 1, 2, and 3 during the years ended December 31, 2015 and December 31, 2014. At December 31, 2015, we had approximately $35.7 million in interest rate lock commitments, and $17.1 million in total forward sales commitments, for the future delivery of residential mortgage loans. The fair value of these mortgage banking derivatives was recorded as a derivative asset of $222,000 and a derivative liability of $16,000. Fair values were estimated based on changes in mortgage interest rates from the date of the commitments. Changes in the fair value of mortgage banking derivatives are included in the Consolidated Statements of Income as "net change in fair value of derivatives," a component of non-interest income. There were no mortgage banking derivatives for the year ended December 31, 2014. The following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated: As of December 31, 2015 As of December 31, 2014 (Dollars in Thousands) Notional Amount Fair Value Notional Amount Fair Value Assets: Interest rate lock commitments $ $ $ — $ — Forward sale contracts related to mortgage banking: $ $ $ — $ — Liabilities: Interest rate lock commitments $ $ ) $ — $ — Forward sale contracts related to mortgage banking: $ $ ) $ — $ — The tables below present assets measured at estimated fair value on a non-recurring basis and the total losses resulting from these fair value adjustments for each of the twelve month ended December 31, 2015 and December 31, 2014: Assets Measured at Fair Value on a Non-Recurring Basis (Dollars in Thousands) As of December 31, 2015 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Net Realized Losses Collateral Dependent Impaired Loans: Commercial Real Estate $ — $ — $ $ $ ) OREO: Commercial Real Estate — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2014 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Net Realized Losses Collateral Dependent Impaired Loans: Commercial Real Estate $ — $ — $ $ $ ) Residential Real Estate — — ) OREO: Commercial Real Estate — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ — $ — $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative information about the significant unobservable inputs used in the fair value measurement for Level 3 asset and liabilities measured on a recurring and non-recurring basis at December 31, 2015 and December 31, 2014 is presented in the table below: As of December 31, 2015 (Dollars in Thousands) Fair Value Valuation Technique Significant Unobservable Inputs Range Servicing assets $ Discounted cash flow Discount rate 4.0% - 9.3% Constant prepayment rate 7.2% - 9.0% Collateral dependent impaired loans: Commercial Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 45.7%* OREO: Commercial Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 8.0%* As of December 31, 2014 (Dollars in Thousands) Fair Value Valuation Technique Significant Unobservable Inputs Range Servicing assets $ Discounted cash flow Discount rate 4.0% - 9.3% Constant prepayment rate 8.8% - 9.4% Collateral dependent impaired loans: Commercial Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 45.6%* Residential Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 46.8%* OREO: Commercial Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 23.3%* * Represents weighted average percentage The fair value estimates presented herein are based on pertinent information available to management at December 31, 2015 and December 31, 2014. Although management 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. The fair value of OREO and collateral-dependent impaired loans are based on third-party property appraisals. The majority of the appraisals utilize a single valuation approach or a combination of approaches, including a market approach, where prices and other relevant information generated by market transactions involving identical or comparable properties are used to determine fair value. Appraisals may also utilize an income approach, such as the discounted cash flow method, to estimate future income, profits, or cash flows. Appraisals may include an 'as is' sales comparison approach, and an 'upon completion' valuation approach. Adjustments are routinely made in the appraisal process by third-party appraisers to adjust for differences between the comparable sales and income data. Adjustments also result from the consideration of relevant economic and demographic factors with the potential to affect property values. Also, prospective values are based on the market conditions that exist at the date of inspection combined with informed forecasts based on current trends in supply and demand for the property types under appraisal. The fair value of servicing assets are measured using discounted cash flow valuation. This method requires generating cash flow projections over multiple interest rate scenarios and discounting those cash flows at a risk adjusted rate. As such, increases or decrease in cash flow inputs, including changes to the discount rate and constant prepayment rate, will have a corresponding impact to the fair value of these assets. The table below is a summary of fair value estimates at December 31, 2015 and December 31, 2014, for financial instruments, as defined by ASC 825-10 "Financial Instruments". During years ended December 31, 2015 and December 31, 2014, there were no transfers of financial assets between Level 1 and Level 2. December 31, 2015 December 31, 2014 (Dollars in Thousands) Fair Value Level Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and cash equivalents Level 1 $ $ $ $ Federal funds sold Level 1 Deposits held in other financial institutions Level 1 — — Investment securities available-for-sale Level 2 Investment securities held-to-maturity Level 2 Loans held-for-sale Level 2 Loans receivable-net Level 3 FHLB stock N/A N/A N/A Accrued interest receivable Level 2/3 Mortgage banking derivatives Level 2 — — Due from customers on acceptances Level 1 Liabilities: Non-interest-bearing deposits Level 1 $ $ $ $ Interest-bearing deposits Level 2 Junior subordinated debentures Level 2 Short-term FHLB advances Level 1 Long-term FHLB advances Level 2 Accrued interest payable Level 1/2 Mortgage banking derivatives Level 2 — — Acceptances outstanding Level 1

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2015
INVESTMENT SECURITIES
INVESTMENT SECURITIES	4. INVESTMENT SECURITIES The following is a summary of the Company's investment securities at December 31, 2015 and 2014: December 31, 2015 (Dollars in Thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Available-for-sale: Securities of government sponsored enterprises $ $ $ ) $ Mortgage-backed securities (residential) ) Collateralized mortgage obligations (residential) ) Corporate securities — Municipal bonds — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Gross Unrecognized Gain Gross Unrecognized Loss Fair Value Held-to-Maturity: Collateralized mortgage obligations (residential) $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars in Thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Available-for-sale: Securities of government sponsored enterprises $ $ $ ) $ Mortgage-backed securities (residential) ) Collateralized mortgage obligations (residential) ) Corporate securities — Municipal bonds — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Gross Unrecognized Gain Gross Unrecognized Loss Fair Value Held-to-Maturity: Collateralized mortgage obligations (residential) $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-maturity securities, which are carried and reported at amortized cost, decreased from $26,000 at December 31, 2014, to $21,000 at December 31, 2015. The $5,000 reduction in 2015 was due to principal pay-downs received during the year. Available-for-sale securities, stated at fair value, increased to $535.5 million at December 31, 2015, from $388.4 million at December 31, 2014. There were no investment securities sold during 2015 or 2014. During the twelve months ended December 31, 2013, we sold four investment securities, the net of which did not result in a gain or loss. There were no realized gains on the sale or call of securities in 2015 or 2014. Net realized gains from called investment securities totaled $19,000 for the year ended December 31, 2013. Investment securities transactions are accounted for using "trade date" accounting. At year-end 2015 and 2014, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders' equity. The following tables summarize securities with unrealized losses aggregated by category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2015 and 2014: Less than 12 months 12 months or longer Total December 31, 2015 (Dollars in Thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Available-for-sale: Securities of government sponsored enterprises $ $ ) $ — $ — $ $ ) Mortgage-backed securities (residential) ) — — ) Collateralized mortgage obligations (residential) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months 12 months or longer Total December 31, 2014 (Dollars in Thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Available-for-sale: Securities of government sponsored enterprises $ $ ) $ $ ) $ $ ) Mortgage-backed securities (residential) ) — — ) Collateralized mortgage obligations (residential) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit related declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other-than-temporary are reflected in earnings as realized losses in the Consolidated Statements of Income. Declines related to factors aside from credit issues are reflected in other comprehensive income, net of taxes. In estimating OTTI losses, the Company considers, among other things, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, and (iii) the Company's intent and ability to retain the investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The Company performs an evaluation of the investment portfolio in assessing individual positions that have fair values that have declined below cost. In assessing whether there is OTTI, the Company considers: • Whether or not all contractual cash flows due on a security will be collected • The Company's positive intent and ability to hold the debt security until recovery in fair value or maturity A number of other factors are considered in the analysis, including but not limited to: • Issuer's credit rating • Likelihood of the issuer's default or bankruptcy • Collateral underlying the security • Industry in which the issuer operates • Nature of the investment • Severity and duration of the decline in fair value • Analysis of the average life and effective maturity of the security The Company does not believe that any individual unrealized loss as of December 31, 2015 and 2014 represent an OTTI. An OTTI is recognized if the fair value of a debt security is lower than the amortized cost and the debt security will be sold, it is more-likely-than-not, that it will be required to sell the security before recovering the amortized cost, or if it is expected that not all of the amortized cost will be recovered. Credit related declines in the fair value of debt securities below their amortized cost that are deemed to be other-than-temporary are reflected in earnings as realized losses in the Consolidated Statements of Income. Declines related to factors aside from credit issues are reflected in other comprehensive income, net of taxes. The amortized cost and estimated fair value of total investment securities by their contractual maturities are shown below at December 31, 2015 and December 31, 2014: December 31, 2015 December 31, 2014 (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale: Due in one year or less $ $ $ $ Due after one year through five years Due after five years through ten years Due after ten years ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-maturity: Due after ten years $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The actual maturities of our mortgage-backed securities and collateralized mortgage obligations can differ from their stated contractual maturities because the underlying borrowers have the right to prepay on their obligations. The yields on the carrying value of these securities may also be affected by prepayments and changes in interest rates. The contractual maturities of our mortgage-backed securities and collateralized mortgage obligations at December 31, 2015 are presented in the table below: Mortgage-Backed Securities Collateralized Mortgage Obligations December 31, 2015 (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale: Due in one year or less $ $ $ — $ — Due after one year through five years — — Due after five years through ten years Due after ten years ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-maturity: Due after ten years $ — $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ — $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities with fair values of approximately $425.1 million and $373.5 million, were pledged to secure public deposits and for other purposes as required or permitted by law at December 31, 2015 and 2014, respectively. Of the $425.1 million in investments that were pledged at December 31, 2015, $353.9 million were pledged to secure deposits. In addition to securing deposits, $48.2 million in investments were pledged at the FHLB of San Francisco, $13.1 million were pledged at the Federal Reserve Bank Discount Window, $9.5 million were pledged against secured borrowing lines available at our correspondent banks, and $376,000 were pledged at the New Jersey Department of Banking and Insurance.

LOANS RECEIVABLE, LOANS HELD-FO

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2015
LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES
LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES	5. LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES The following note disclosure breaks out the Company's loan portfolio in segments and classes. Segments are groupings of similar loans at a level which the Company has adopted systematic methods of documentation for determining its allowance for losses on loans and loan commitments. Classes are a disaggregation of the portfolio segments. The Company's loan portfolio segments are: Construction loans —The Company originates loans to finance construction projects including one to four family residences, multifamily residences, senior housing, and industrial projects. Residential construction loans are due upon the sale of the completed project and are generally collateralized by first liens on the real estate and have floating interest rates. Construction loans are considered to have higher risks than other loans due to the ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, and the availability of long-term financing. Economic conditions may also impact the Company's ability to recover its investment in construction loans. Adverse economic conditions may negatively impact the real estate market which could affect the borrowers' ability to complete and sell the project. Additionally, the fair value of the underlying collateral may fluctuate as market conditions change. As construction loans make up only a small percentage of the total loan portfolio, these loans are not further broken down into classes. Real estate secured loans —We offer real estate secured loans to finance the acquisition of, or to refinance the existing mortgages on commercial and residential properties. Real estate secured loans are further broken out into classes based on the type of loan and underlying collateral. These classes include SBA loans secured by real estate, residential real estate loans, gas station loans, carwash loans, hotel/motel loans, land loans, and loans secured by all other types of properties. Our commercial real estate loans are typically collateralized by first or junior deeds of trust on specific commercial properties, and, when possible, subject to corporate or individual guarantees from financially capable parties. The properties collateralizing real estate loans are principally located in the markets where our retail branches are located. Real estate loans typically bear an interest rate that floats with our base rate, the prime rate, or another established index. However, an increasing amount of new real estate secured loan originations bear fixed rather than floating interest rates due to the current competitive market environment and trends. Commercial real estate loans typically have 7-year maturities with up to 25-year amortization of principal and interest and loan-to-value ratios of 60-70% of the appraised value or purchase price, whichever is lower at origination. We usually impose a prepayment penalty on real estate secured loans, usually a period within three to five years of the date of the loan. We originate mortgage loans secured by a first deed of trust on single family residences under variety of loan products including fixed rate and adjustable rate mortgages with either 30 year or 15 year terms. Adjustable rate mortgage loans are offered with flexible initial and periodic adjustments ranging from five to seven years. Commercial and industrial loans —We offer commercial and industrial loans to various business enterprises. These loans include business lines of credit and business term loans to finance operations, to provide working capital, or for specific purposes, such as to finance the purchase of assets, equipment, or inventory. Since a borrower's cash flow from operations is generally the primary source of repayment, our policies provide specific guidelines regarding required debt coverage and other important financial ratios. Lines of credit are extended to businesses or individuals based on the financial strength and integrity of the borrower. These lines of credit are secured primarily by business assets such as accounts receivable or inventory, and have a maturity of one year or less. Such lines of credit bear an interest rate that floats with our base rate, the prime rate, or another established index. We also provide warehouse lines of credit to mortgage loan originators. The lines of credit are used by these originators to fund mortgages which are then pledged to the Bank as collateral until the mortgage loans are sold and the lines of credit are paid down. The typical duration of these lines of credit from the time of funding to pay-down ranges from 10-30 days. Although collateralized by mortgage loans, the structure of warehouse lending agreements results in the commercial and industrial loan treatment for these types of loans. Business term loans are typically made to finance the acquisition of fixed assets, refinance short-term debts, or to finance the purchase of businesses. Business term loans generally have terms from one to seven years. They may be collateralized by the assets being acquired or other available assets and bear interest rates which either floats with our base rate, prime rate, another established index, or is fixed for the term of the loan. Commercial and industrial loans are broken down further into two different classes, SBA loans and other commercial and industrial loans. Consumer loans —The Company provides a broad range of consumer loans to customers, including personal lines of credit, cash secured loans, and automobile loans. Repayment of these loans is dependent on the borrowers' ability to pay and the fair value of any underlying collateral. The following is a summary of the loan portfolio by loan type for the dates indicated: December 31, 2015 December 31, 2014 (Dollars in Thousands) Loans Held-For-Sale Loans Receivable Loans Held for Sale Loans Receivable Construction loans $ — $ $ — $ Real estate secured loans Commercial and industrial loans Consumer loans — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Loans Allowance for loan losses — ) — ) Deferred loan fees & unearned income — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total gross real estate secured loans and commercial and industrial loans (before allowance for loan losses and deferred loan fee and unearned income) are further broken down by class as follows: December 31, 2015 December 31, 2014 (Dollars in Thousands) Loans Held-For-Sale Loans Receivable Loans Held-For-Sale Loans Receivable Real Estate Secured Loans: Residential real estate $ $ $ $ SBA real estate Gas station — — Carwash — — Hotel/Motel — — Land — — Other — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total real estate secured $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2015 December 31, 2014 (Dollars in Thousands) Loans Held-For-Sale Loans Receivable Loans Held-For-Sale Loans Receivable Commercial & Industrial Loans: SBA commercial $ $ $ $ Other commercial — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total commercial & industrial $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2015 and 2014, the Company serviced loans sold to unaffiliated parties in the amounts of $775.9 million and $727.9 million, respectively. The following table shows the carrying amount of loans acquired through acquisitions and legacy loans for the dates indicated: At December 31, 2015 Loans Acquired From Former: Legacy Wilshire Loans (Dollars in Thousands) Mirae Bank BankAsiana Saehan Total Construction loans $ — $ — $ — $ $ Real estate secured loans Commercial and industrial loans Consumer loans — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross loans Deferred loan fees and unearned Income — — — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans Allowance for loan losses ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loans $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-for-sale loans included above $ — $ — $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2014 Loans Acquired From Former: Legacy Wilshire Loans (Dollars in Thousands) Mirae Bank BankAsiana Saehan Total Construction loans $ — $ $ — $ $ Real estate secured loans Commercial and industrial loans Consumer loans — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross loans Deferred loan fees and unearned income — — — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans Allowance for loan losses ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loans $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-for-sale loans included above $ — $ — $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In accordance with ASC 310-30, acquired loans were divided into "ASC 310-30" and "Non-ASC 310-30", of which ASC 310-30 loans are loans with evidence of deterioration of credit quality, and that it was probable at the time of acquisition, that the Company would be unable to collect all contractually required payments receivable. In contrast, non-ASC 310-30 loans are all other acquired loans that do not qualify as ASC 310-30 loans. The Company acquired loans with evidence of deterioration of credit quality through the acquisitions of Mirae Bank in 2009 and BankAsiana and Saehan in 2013. The outstanding balance of acquired loans broken down by ASC 310-30 and Non-ASC 310-30 loans is presented in the following table for the periods indicated: (Dollars in Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Non-ASC 310-30 loans $ $ $ ASC 310-30 loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total acquired loan balance $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The loan portfolios acquired from former Mirae Bank, BankAsiana, and Saehan were all acquired at a discount. The discounts recorded at the time of acquisitions for former Mirae Bank, BankAsiana, and Saehan totaled $54.9 million, $9.2 million, and $27.7 million, respectively. Discount accretion recognized as interest income on acquired loans for the years ended December 31, 2015, 2014, and 2013, totaled $8.0 million, $11.2 million, and $2.5 million, respectively. Changes to the discount on acquired loans for the periods indicated is presented in the table below: (Dollars in Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Balance at beginning of period $ $ $ Discount on loans acquired from Saehan — — Discount on loans acquired from BankAsiana — — Discount accretion income recognized ) ) ) Disposals related to charge-offs ) ) ) Disposals related to loan sales — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table is a breakdown of changes to the accretable portion of the discount on acquired loans for periods indicated: (Dollars in Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Balance at beginning of period $ $ $ Accretable portion of discount on loans acquired from Saehan — — Accretable portion of discount on loans acquired from BankAsiana — — Discount accretion income recognized ) ) ) Disposals related to charge-offs ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company evaluates credit risks associated with the commitments to extend credit and letters of credit at the same time it evaluates credit risk associated with the rest of the loan portfolio. However, the allowances necessary for the commitments are reported separately in other liabilities in the accompanying Statements of Financial Condition and are not part of the allowance for loan losses. The activity in the allowance for unfunded loan commitments was as follows for the years ended: (Dollars in Thousands) 2015 2014 2013 Balance—beginning of year $ $ $ Provision for losses on unfunded loan commitments — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance—end of year $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables represent the roll-forward of the allowance for loan losses at December 31, 2015, 2014, and 2013 by loan type: December 31, 2015 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance at beginning of year $ $ $ $ $ Total charge-offs — ) ) — ) Total recoveries — (Credit) provision for loan losses ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance at beginning of year $ $ $ $ $ Total charge-offs — ) ) ) ) Total recoveries — (Credit) provision for loan losses ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2013 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance at beginning of year $ $ $ $ $ Total charge-offs — ) ) ) ) Total recoveries — Provision (credit) for loan losses ) ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The tables below represent the breakdown of the allowance for loan losses by specific valuation allowance and general valuation allowance by loan segment (excluding loans held-for-sale) for each of the three years ended December 31, 2015, 2014, and 2013: December 31, 2015 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Gross Loans Receivable Impaired loans $ — $ $ $ — $ Specific valuation allowance $ — $ $ $ — $ Coverage ratio % % % % % Non-impaired loans $ $ $ $ $ General valuation allowance $ $ $ $ $ Coverage ratio % % % % % Gross loans receivable $ $ $ $ $ Allowance for loan losses $ $ $ $ $ Allowance coverage ratio % % % % % December 31, 2014 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Gross Loans Receivable Impaired loans $ — $ $ $ — $ Specific valuation allowance $ — $ $ $ — $ Coverage ratio % % % % % Non-impaired loans $ $ $ $ $ General valuation allowance $ $ $ $ $ Coverage ratio % % % % % Gross loans receivable $ $ $ $ $ Allowance for loan losses $ $ $ $ $ Allowance coverage ratio % % % % % December 31, 2013 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Impaired loans $ $ $ $ — $ Specific valuation allowance $ — $ $ $ — $ Coverage ratio % % % % % Non-impaired loans $ $ $ $ $ General valuation allowance $ $ $ $ $ Coverage ratio % % % % % Gross loans receivable $ $ $ $ $ Allowance for loan losses $ $ $ $ $ Allowance coverage ratio % % % % % At December 31, 2015 and December 31, 2014, ASC 310-30 loans totaled $687,000 and $1.3 million, respectively. These loans had an allowance for loan losses of $3,000 at December 31, 2015 and $253,000 at December 31, 2014. The following is a breakdown of loan balances for loans acquired with deteriorated credit quality at December 31, 2015 and December 31, 2014: December 31, 2015 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance of Loans Acquired With Deteriorated Credit Quality $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Allowance for Loans Acquired With Deteriorated Credit Quality $ — $ — $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance of Loans Acquired With Deteriorated Credit Quality $ — $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Allowance for Loans Acquired With Deteriorated Credit Quality $ — $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The table below is a summary of impaired loans at their recorded investment (or net principal balance), with and without specific reserves, as of December 31, 2015 and 2014. The recorded investment in loans excludes adjustments for accrued interest receivable and net deferred fees as these are not deemed significant to the presentation. Balance For Year Ended (Dollars in Thousands) December 31, 2015 December 31, 2014 With Specific Reserves Without Charge-Offs $ $ With Charge-Offs Without Specific Reserves Without Charge-Offs With Charge-Offs ​ ​ ​ ​ ​ ​ ​ ​ Total Impaired Loans Allowance on Impaired Loans ) ) ​ ​ ​ ​ ​ ​ ​ ​ Impaired Loans Net of Allowance* $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * Balances net of SBA guaranteed portions totaled $52.0 million and $65.6 million at December 31, 2015 and December 31, 2014, respectively. The cash basis income recognized from impaired loans for the years ended December 31, 2015, 2014, and 2013 were $1.6 million, $2.9 million, and $1.2 million, respectively. The recorded investment of impaired loans with specific reserves and those without specific reserves as of December 31, 2015 and 2014 is presented in the following table by loan class: December 31, 2015 December 31, 2014 (Dollars In Thousands) Balance Related Allowance Average Balance Balance Related Allowance Average Balance With Specific Reserves Construction $ — $ — $ — $ — $ — $ — Real Estate Secured: Residential Real Estate — — — SBA Real Estate Gas Station Carwash — — — — — — Hotel/Motel — — — Land — — — — — — Other Commercial & Industrial: SBA Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total With Related Allowance Without Specific Reserves Construction — — — — — — Real Estate Secured: Residential Real Estate — — SBA Real Estate — — Gas Station — — Carwash — — Hotel/Motel — — Land — — — — Other — — Commercial & Industrial: SBA Commercial — — Commercial — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Without Related Allowance — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Impaired Loans $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2015, ASC 310-30 loans acquired from Mirae Bank totaled $358,000, ASC 310-30 loans acquired from BankAsiana totaled $21,000, and ASC 310-30 loans acquired from Saehan totaled $308,000. At December 31, 2015, specific reserves for ASC 310-30 loans totaled $3,000, all which was related to loans acquired from former Saehan. At December 31, 2014, ASC 310-30 loans acquired from Mirae Bank totaled $442,000, ASC 310-30 loans acquired from BankAsiana totaled $406,000, and ASC 310-30 loans acquired from Saehan totaled $493,000. At December 31, 2014, ASC 310-30 loans had a specific reserves of $253,000 consisting of $241,000 for former BankAsiana ASC 310-30 loans and $12,000 related to Saehan ASC 310-30 loans. A restructuring of a debt constitutes a TDR if the Company for economic or legal reasons related to the borrower's financial difficulties, grants a concession to the borrower that it would not otherwise consider. Restructured loans typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. Loans that are reported as TDRs are accounted for in accordance with ASC 310-10-35, and are considered impaired and measured for specific impairment. The following table summarizes the recorded investment, net of SBA guaranteed portions, in TDR loans by type for the dates indicated: (Dollars In Thousands, Net of SBA Guarantee) December 31, 2015 December 31, 2014 Real Estate Secured $ $ Commercial & Industrial ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans that are considered TDRs are classified as performing, unless they are on non-accrual status or greater than 90 days delinquent as of the end of the most recent quarter. All TDR loans are considered impaired by the Company regardless of whether it is performing or non-performing. At December 31, 2015, the balance of non-accrual TDR loans totaled $8.2 million, and TDRs performing in accordance with their modified terms totaled $29.8 million. At December 31, 2014, the balance of non-accrual TDR loans totaled $9.5 million, and TDR loans performing in accordance with their modified terms totaled $27.6 million. For each of the years ended December 31, 2015, 2014, and 2013, all the Company's TDR loans had modifications of one or a combination of the following concessions: a permanent reduction of the recorded investment in the loan; an extension of the maturity date; or a reduction of the stated interest rate of the loan. A reduction of the recorded investment in a loan usually consist of loans restructured to reduce the monthly payment through a reduction in principal, interest, or a combination of principal and interest payments for a certain period of time. Term or maturity concessions are loans that are restructured to extend the maturity date beyond the original contractual terms. Interest rate concessions consist of TDR loans that are restructured with lower interest rates than the original terms of the loans and lower than the current market interest rates for loans with similar risk characteristics. The following tables represent the total recorded investment, net of SBA guaranteed portions, in TDR loans by types of concessions made for the dates indicated: December 31, 2015 (Dollars In Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total* Real Estate Secured $ $ $ — $ Commercial & Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars In Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total* Real Estate Secured $ $ $ $ Commercial & Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * SBA guaranteed portions totaled $2.4 million and $1.6 million, at December 31, 2015 and December 31, 2014, respectively. The following table represents the roll-forward of TDR loans with additions and reductions for the years ended December 31, 2015 and December 31, 2014: (Dollars in Thousands, Net of SBA Guarantee) December 31, 2015 December 31, 2014 Balance at Beginning of Period $ $ New TDR Loans Added Reductions Due to Sales ) ) TDR Loans Paid Off ) ) Reductions Due to Charge-Offs ) ) Other Changes (Payments, Amortization, & Other) ) ) ​ ​ ​ ​ ​ ​ ​ ​ Balance at End of Period $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables below show the pre-modification and post-modification balances and types of concessions provided for new TDR loans that were modified during the years ended December 31, 2015, 2014, and 2013: December 31, 2015 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ — $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ — $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2013 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The TDR loans in the preceding tables increased the allowance for loan losses by $2.8 million, $2.6 million, and $1.7 million for the years ended December 31, 2015, 2014, and 2013, respectively. Charge-offs related to new TDR loans for the years ended December 31, 2015, 2014, and 2013, totaled $252,000, $928,000, and $75,000, respectively The tables below summarize TDR loans that were modified in the 12 months preceding the dates indicated and also had payment defaults during that same period. A loan is considered to be in payment default once it is 90 days or more contractually past due under the modified terms, or if the loan has been transferred to non-accrual status. Loans that are classified as non-accrual usually means the loan is past due 90 days or more, but in certain cases a loan that is less than 90 days past due can be deemed a non-accrual loan, if there exists evidence that the borrower will not be able to fulfill a portion or all of the obligated contractual payments. TDRs With Payment Defaults During the Year Ended December 31, 2015 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ — $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ — $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TDRs With Payment Defaults During the Year Ended December 31, 2014 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ — $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ — $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TDRs With Payment Defaults During the Year Ended December 31, 2013 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ — $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ — $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TDR loans that subsequently defaulted for years ended December 31, 2015 and December 31, 2013, resulted in an allowance for loan losses of $34,000 and $339,000, respectively. The TDR loans that subsequently defaulted for the year ended December 31, 2014 did not have an impact to the allowance for loan losses. There were no charge-offs related to new TDR loans that defaulted in the year ended December 31, 2015. Total charges-offs related to new TDR loans that subsequently defaulted during the years ended December 31, 2014 and 2013, totaled $928,000 and $75,000, respectively. The terms of certain other loans were modified that did not meet the definition of a TDR. These loans had a total recorded investment as of December 31, 2015, 2014, and 2013, of $35.7 million, $107.5 million, and $107.5 million, respectively. Theses loan modifications were to borrowers who were not experiencing financial difficulties or had three to six month payment delays which were considered to be insignificant. The following tables provide information on non-accrual loans and loans 90 days or more past due and still accruing by class: December 31, 2015 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) Total Non-Accrual Loans* 90 Days or More Past Due and Still Accruing Total Non-Performing Loans Legacy Wilshire : Construction $ — $ — $ — Real Estate Secured: Residential Real Estate — SBA Real Estate — Gas Station — — — Carwash — Hotel/Motel — Land — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans — Acquired Loans: Construction — — — Real Estate Secured: Residential Real Estate — — — SBA Real Estate — Gas Station — — — Carwash — — — Hotel/Motel — — — Land — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) Total Non-Accrual Loans* 90 Days or More Past Due and Still Accruing Total Non-Performing Loans Legacy Wilshire : Construction $ — $ — $ — Real Estate Secured: Residential Real Estate — SBA Real Estate — Gas Station — Carwash — Hotel/Motel — Land — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans — Acquired Loans: Construction — — — Real Estate Secured: Residential Real Estate — SBA Real Estate — Gas Station — Carwash — — — Hotel/Motel — Land — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * Balances are net of SBA guaranteed portions totaling $5.0 million and $4.1 million at December 31, 2015 and December 31, 2014, respectively. No interest income related to non-accrual loans was included in net income for the years ended December 31, 2015, 2014, and 2013. Additional interest income of approximately $346,000, $1.1 million, and $1.3 million would have been recorded for the years ended December 31, 2015, 2014, and 2013, respectively, if these loans had been paid in accordance with their original terms throughout the periods indicated. Delinquent loans, including non-accrual loans 30 days or more past due, at December 31, 2015 and December 31, 2014, are presented in the following tables by classes of loans: December 31, 2015 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total Past Due* Legacy Wilshire : Construction $ — $ — $ — $ — Real Estate Secured: Residential Real Estate — — SBA Real Estate Gas Station — — — — Carwash — — Hotel/Motel — — Land — — — — Other — — Commercial & Industrial: SBA Commercial — Commercial — Consumer — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans Acquired Loans : Construction — — — — Real Estate Secured: Residential Real Estate — — — — SBA Real Estate Gas Station — — — — Carwash — — — — Hotel/Motel — — — — Land — — — — Other — Commercial & Industrial: SBA Commercial Commercial — Consumer — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Delinquencies $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Accrual Loans 30 Days or More Past Due: Legacy Loans $ $ $ $ Acquired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Accrual Loans Listed Above** $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) 30 - 5

LOAN SERVICING ASSETS

LOAN SERVICING ASSETS	12 Months Ended
	Dec. 31, 2015
LOAN SERVICING ASSETS
LOAN SERVICING ASSETS	6. LOAN SERVICING ASSETS The principal balance of SBA loans serviced for others at December 31, 2015 was $673.2 million, comprised of $558.7 million in real estate SBA loans, and $114.5 million in commercial SBA loans. SBA loans serviced for others at December 31, 2014 totaled $701.0 million, comprised of $566.2 million in real estate SBA loans and $134.8 million in commercial SBA loans. Mortgage loans serviced at December 31, 2015 totaled $102.7 million, compared to $26.9 million at December 31, 2014. The following is a summary of activity for servicing assets in the Consolidated Statements of Financial Condition at December 31, 2015 and 2014: (Dollars in Thousands) 2015 2014 Beginning of year $ $ Additions through originations of servicing assets Amortization of servicing assets ) ) Changes in fair value ) ) ​ ​ ​ ​ ​ ​ ​ ​ End of year $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The fair value of servicing assets was determined based on the present value of the contractually specified servicing fees, net of servicing costs, over the estimated life of the loan, with an average discount rate and a range of constant prepayment rates. The servicing fee income which is reported on the Consolidated Statements of Income as "Loan-related servicing fees" is recorded for fee income earned for servicing loans that were previously sold. The fees are based on a contractual percentage of the outstanding principal balance and other ancillary fee incomes. Late fees and ancillary fees related to loan servicing are not material. The following table is a summary of weighted average discount rates and constant prepayment rates of the Company's servicing loan portfolio as of December 31, 2015 and 2014, respectively: As of December 31, 2015 2014 Average Discount Rate: % % Constant Prepayment Rate: % % Weighted Average Life: 18 Years 17 Years

BANK PREMISES AND EQUIPMENT

BANK PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
BANK PREMISES AND EQUIPMENT
BANK PREMISES AND EQUIPMENT	7. BANK PREMISES AND EQUIPMENT The following is a summary of the major components of Bank premises and equipment as of December 31: (Dollars in Thousands) 2015 2014 Land $ $ Building Furniture and equipment Leasehold improvements ​ ​ ​ ​ ​ ​ ​ ​ Total Accumulated depreciation and amortization ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total net of depreciation and amortization $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INVESTMENTS IN AFFORDABLE HOUSI

INVESTMENTS IN AFFORDABLE HOUSING PARTNERSHIPS	12 Months Ended
	Dec. 31, 2015
INVESTMENTS IN AFFORDABLE HOUSING PARTNERSHIPS
INVESTMENTS IN AFFORDABLE HOUSING PARTNERSHIPS	8. INVESTMENTS IN AFFORDABLE HOUSING PARTNERSHIPS The Company invests in certain limited partnerships that were formed to develop and operate apartment complexes designed as high-quality affordable housing for lower income tenants throughout the United States. As of December 31, 2015, the Company had nineteen such investments, with a net carrying value of $48.9 million. Commitments to fund investments in affordable housing partnerships totaled $15.7 million at December 31, 2015, with the last of the commitments ending in 2032. As of December 31, 2014, the Company had seventeen such investments, with a net carrying value of $44.1 million. The investments were accounted for using the equity method of accounting. Each of the partnerships must meet the regulatory requirement for affordable housing for a minimum compliance period of 15-years to fully utilize the tax credits. If the partnerships ceases to qualify during the compliance period, the credits may be denied for any period in which the projects are not in compliance and a portion of the credits previously taken may be subject to recapture with interest. The remaining federal tax credits to be utilized over a maximum of 13 years totaled $40.6 million as of December 31, 2015, and totaled $38.3 million at December 31, 2014. The Company's utilization of federal tax credits was approximately $5.6 million, $5.4 million, and $5.0 million for the years ended December 31, 2015, 2014, and 2013, respectively. Loss on investments in affordable housing partnership investments totaled $5.0 million, $4.2 million, and $3.8 million for the years ended December 31, 2015, 2014, and 2013, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2015
DEPOSITS.
DEPOSITS	9. DEPOSITS The scheduled maturities of total time deposits at December 31, 2015 are shown in the following table: (Dollars in Thousands) December 31, 2015 Time Deposit Maturities in 2016 $ Time Deposit Maturities in 2017 Time Deposit Maturities in 2018 Time Deposit Maturities in 2019 Time Deposit Maturities in 2020 — Time Deposit Maturities after 2020 ​ ​ ​ ​ ​ Total Time Deposit Maturities $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The scheduled maturities of total time deposits by denominations of $100,000 or greater and $250,000 or greater at December 31, 2015 are as follows: Maturity of Time Deposits in Denominations of: (Dollars In Thousands) $100,000 or Greater $250,000 or Greater Three months or less $ $ Over three months through six months Over six months through twelve months Over twelve months ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time deposits that met or exceeded the FDIC insurance limit of $250,000 at year-end 2015 and 2014, were $813.6 million and $767.0 million, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES The following table represents future commitments and contingencies related to lease payments and investments in affordable housing partnerships at December 31, 2015: (Dollars in Thousands) Year Investments Affordable Housing Partnerships Lease Payments 2016 $ $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rental expense recorded under such leases amounted to approximately $6.9 million, $7.2 million, and $4.3 million for the years ended December 31, 2015, 2014, and 2013, respectively. In the normal course of business, we are involved in various legal claims. We have reviewed all legal claims against us with counsel and have taken into consideration the views of such counsel as to the potential outcome of the claims. Accrued loss contingencies for all legal claims totaled $120,000 at December 31, 2015, and $135,000 at December 31, 2014. It is reasonably possible we may incur losses in addition to the amounts we have accrued. However, at this time, we are unable to estimate the range of additional losses that are reasonably possible because of a number of factors, including the fact that certain of these litigation matters are still in their early stages and involve claims for which, at this point, we believe have little to no merit. Management has considered these and other possible loss contingencies and does not expect the amounts to be material to any of the consolidated financial statements. The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit, and commercial letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Statements of Financial Condition. The Company's exposure to credit loss in the event of nonperformance by the other party to commitments to extend credit, standby letters of credit, and commercial letters of credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for extending loan facilities to customers. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management's credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and income-producing properties. The Company had commitments to extend credit of approximately $470.0 million and $391.7 million at December 31, 2015 and 2014, respectively. Obligations under standby letters of credit totaled $15.0 million and $1.4 million at December 31, 2015 and 2014, respectively. Total commercial letters of credit totaled $75.9 million at December 31, 2015 and $61.5 million at December 31, 2014. The Company enters into various stand-alone mortgage-banking derivatives in order to hedge the risk associated with the fluctuation of interest rates. Changes in fair value are recorded as mortgage banking revenue. Residential mortgage loans funded with interest rate lock commitments and forward commitments for the future delivery of mortgage loans to third party investors are considered derivatives. At December 31, 2015, we had approximately $35.7 million in interest rate lock commitments, and $17.1 million in total forward sales commitments, for the future delivery of residential mortgage loans. There were no interest rate lock or forward commitments at December 31, 2014. All derivative instruments are recognized on the balance sheet at their fair values.

FHLB BORROWINGS AND JUNIOR SUBO

FHLB BORROWINGS AND JUNIOR SUBORDINATED DEBENTURES	12 Months Ended
	Dec. 31, 2015
FHLB BORROWINGS AND JUNIOR SUBORDINATED DEBENTURES
FHLB BORROWINGS AND JUNIOR SUBORDINATED DEBENTURES	11. FHLB BORROWINGS AND JUNIOR SUBORDINATED DEBENTURES At December 31, 2015, the Company had approved financing with the San Francisco FHLB for maximum advances of up to 30% of total assets based on qualifying collateral. The Company's borrowing capacity under the FHLB standard credit program per the Company's pledged loan collateral and securities backed credit program per securities collateral was approximately $1.42 billion, with $220.0 million borrowings outstanding, and $1.19 billion of capacity remaining as of December 31, 2015. During 2014, the Company borrowed from the FHLB a five year $50.0 million adjustable rate advance from the standard credit program. The advance matures on September 23, 2019 and interest rate was 1.84% as of December 31, 2015. The interest rate resets on a quarterly basis based on the three month LIBOR plus 1.24%, and has an interest rate adjustment cap of 1.00% over the initial rate of the advance throughout the term. The interest rate cannot exceed 2.48% during the term of the advance regardless of how LIBOR rates moves due to the adjustment cap. At December 31, 2015, the Company also had a fixed rate advance from the FHLB standard credit program totaling $100.0 million that matures on September 23, 2019, with a rate of 2.48%. During the fourth quarter of 2015, the Company borrowed an additional $50.0 million from the standard credit program with interest rate of 0.27%. This advance can be repaid at any time and has a variable rate of interest. The Company also participates in the San Francisco FHLB securities backed credit program as well. At December 31, 2015, we had $48.1 million in securities pledged with the FHLB, with $20.0 million in borrowings outstanding under the securities backed credit program. The $20.0 million advance had a rate of 0.25% at December 31, 2015, and matures on January 4, 2016. Securities backed credit program advances tend to have slightly lower interest rates as the type of collateral pledged against the advance is less likely to default. Total FHLB advances at December 31, 2015 were $220.0 million. $200.0 million in advances were part of the standard credit program and backed by the Company's loan collateral, while $20.0 million in advances were part of the securities backed credit program and backed by pledged investments. The following table shows the Company's outstanding advances from FHLB at December 31, 2015: (Dollars in Thousands) Balance Current Rate Interest Rate Issue Date Maturity Date Type of Credit Advance 1 * $ % 3 Month LIBOR + 1.2425% 09/22/2014 09/23/2019 Standard Credit Advance 2 % Fixed Rate 09/22/2015 09/23/2019 Standard Credit Advance 3 % Variable 12/29/2015 Open Standard Credit Advance 4 % Variable 12/31/2015 01/04/2016 Securities Backed ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * The advance has an interest rate adjustment cap of 1.00% during the term of the advance. The following table summarizes information relating to the Company's FHLB advances for the periods indicated: Year Ended December 31, (Dollars in Thousands) 2015 2014 2013 Average balance during the year $ $ $ Average interest rate during the year % % % Maximum month-end balance during the year $ $ $ Loans collateralizing the agreements at year-end $ $ $ Securities collateralizing the agreements at year-end $ $ — $ — Total junior subordinated debentures at December 31, 2015 totaled $72.0 million, compared to $71.8 million at December 31, 2014. In December 2002, the Bank issued an aggregate of $10 million of junior subordinated debentures, at times referred to in this Report as the 2002 Junior Subordinated Debentures or the 2002 debentures. In addition, Wilshire Bancorp, as a wholly-owned subsidiary of the Bank in 2003 and as the parent company of the Bank in 2005 and 2007, issued an aggregate of $77.3 million in junior subordinated debentures as part of the issuance of $75.0 million in trust preferred securities by statutory trusts wholly-owned by Wilshire Bancorp. The purpose of these transactions was to raise additional capital. These junior subordinated debentures are senior in liquidation rights to the Company's outstanding shares of common stock. On November 20, 2013, the Company acquired Saehan. Saehan had previously formed Saehan Capital Trust I, and issued junior subordinated debentures related to the trust totaling $20.6 million in March 2007. This debenture was acquired by Wilshire at a fair value of $9.7 million, or a discount of $10.9 million. The following table summarizes the Company's outstanding subordinated debentures at December 31, 2015: (Dollars in Thousands) Issued Date Carrying Amount Interest Rate Current Rate Callable Date Maturity Date Wilshire Statutory Trust II 03/17/2005 $ 3 Month LIBOR + 1.79% % 03/17/2016 1 03/17/2035 Wilshire Statutory Trust III 09/15/2005 3 Month LIBOR + 1.40% % 03/15/2016 2 09/15/2035 Wilshire Statutory Trust IV 07/10/2007 3 Month LIBOR + 1.38% % 03/15/2016 3 09/15/2037 Saehan Capital Trust I 03/30/2007 3 Month LIBOR + 1.62% % 03/30/2016 4 03/30/2037 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 The Company has the right to redeem the $20.6 million debentures, in whole or in part, on any March 17, June 17, September 17, or December 17. The next callable date as of this Report is March 17, 2016. 2 The Company has the right to redeem the $15.5 million debentures, in whole or in part, on any March 15, June 15, September 15, or December 15. The next callable date as of this Report is March 15, 2016. 3 The Company has the right to redeem the $25.8 million debentures, in whole or in part, on any March 15, June 15, September 15, or December 15. The next callable date as of this Report is March 15, 2016. 4 The Company has the right to redeem the $20.6 million debentures, in whole or in part, on any March 30, June 30, September 30, or December 30. The next callable date as of this Report is March 30, 2016.

TROUBLED ASSETS RELIEF PROGRAM

TROUBLED ASSETS RELIEF PROGRAM ("TARP") SERIES A PREFERRED STOCK AND WARRANTS	12 Months Ended
	Dec. 31, 2015
TROUBLED ASSETS RELIEF PROGRAM ("TARP") SERIES A PREFERRED STOCK AND WARRANTS
TROUBLED ASSETS RELIEF PROGRAM ("TARP") SERIES A PREFERRED STOCK AND WARRANTS	12. TROUBLED ASSETS RELIEF PROGRAM ("TARP") SERIES A PREFERRED STOCK AND WARRANTS On December 12, 2008, the Company issued $62.2 million in Preferred Stock and warrants to the United States Department of the Treasury ("U.S. Treasury") as part of the U.S. Treasury's Capital Purchase Program. The funding of this $62.2 million in Preferred Stock investment from the U.S. Treasury, which is commonly referred to as the TARP investment, marked the completion of the sale to the U.S. Treasury of 62,158 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (each share with a stated liquidation amount of $1,000 per share) and a warrant (100% vesting at grant, with a 10-year term) exercisable for 949,460 shares of the Company's common stock, with an exercise price of $9.82 per share. During the first quarter of 2012, the Company repurchased 60,000 of its 62,158 shares of TARP Preferred Stock from the U.S. Treasury in connection with the Company's participation in the TARP Capital Purchase Program. The shares were repurchased at a discount of 5.6% (or an actual cost of $56.6 million) and resulted in a one-time increase to capital totaling $3.4 million offset by the accretion of $1.1 million in Preferred Stock discount. The result was a net increase in capital of approximately $2.3 million. The remaining 2,158 Preferred Shares were redeemed during the second quarter of 2012 at par value or $1,000 per share (or an actual cost of $2.2 million). During the second quarter of 2012, the Company also repurchased from U.S. Treasury the warrant to purchase 949,460 shares of the Company's common at a mutually agreed upon price of $760,000. During the fourth quarter of 2013, the Company acquired BankAsiana, headquartered in the State of New Jersey. In 2010, BankAsiana issued 5,250 shares of Preferred Stock, with a total par value of $5.25 million, to the U.S. Treasury in connection with their participation in the TARP Community Development Capital Initiative program. The Community Development Capital Initiative program was slightly different from the TARP Capital Purchase Program in that participants were not required to issue a warrant to the U.S. Treasury and the Preferred Stock had lower initial dividend rates. With the acquisition of BankAsiana, the Company acquired the Community Development Capital Initiative Preferred Stock and its obligations. On the date of acquisition, the Company redeemed all of BankAsiana's 5,250 shares of Community Development Capital Initiative Preferred Stock at par value, or $5.25 million. As a result of our participation in the TARP Capital Purchase Program, among other things, we were subject to U.S. Treasury's standards for executive compensation and corporate governance for the periods during which U.S. Treasury held our Preferred Shares, including the first quarter of 2012. These standards were most recently set forth in the Interim Final Rule on TARP Standards for Compensation and Corporate Governance, published June 15, 2009. Because the Preferred Shares were fully repurchased by the Company, these executive compensation and corporate governance standards are no longer applicable. The restrictions related BankAsiana's participation in the Community Development Capital Initiative program, were not applicable to the Company as we fully redeemed the Preferred Shares at the time of BankAsiana's acquisition.

STOCK OPTION AND RESTRICTED STO

STOCK OPTION AND RESTRICTED STOCK PLANS	12 Months Ended
	Dec. 31, 2015
STOCK OPTION AND RESTRICTED STOCK PLANS
STOCK OPTION AND RESTRICTED STOCK PLANS	13. STOCK OPTION AND RESTRICTED STOCK PLANS Stock Option Plan The Company issues stock options and restricted stock to directors and employees under the share-based compensation plan. Stock options and restricted stock are issued at the current market price on the date of grant. The vesting period and contractual term are determined at the time of grant, but the contractual term may not exceed 10 years from the date of grant. The grant date fair value of stock option awards are estimated on the date of grant using the Black-Scholes option valuation model. The expected life (estimated period of time outstanding) of options are estimated using the simplified method. The expected volatility is based on historical volatility for a period equal to the stock option's expected life and the risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant. In June 2008, the Company established the 2008 stock option plan ("2008 Plan") that provides for the issuance of restricted stock and stock options to purchase up to 2,933,200 shares of its authorized but unissued common shares to employees, directors, and consultants. Exercise prices for options may not be less than the fair value at the date of grant. Compensation expense for awards is recorded over the vesting period. Under the 2008 Plan, there were options outstanding to purchase 885,708 shares of the Company's common stock and 135,874 shares of the Company's restricted stock outstanding as of December 31, 2015. At December 31, 2015, there were 1,240,084 shares available to grant under the 2008 Plan. Total stock-based compensation expense was $1.1 million, $932,000, and $460,000 for the years ended December 31, 2015, 2014, and 2013, respectively. For the years 2015, 2014, and 2013, stock options granted totaled 63,807, 241,200, and 64,000, respectively. The weighted average fair value of options granted during 2015, 2014, and 2013 was $2.79, $2.99, and $2.36, respectively, per share. The fair values were estimated on the date of the option grants using the Black-Scholes option-pricing model with the following assumptions for the years indicated: 2015 2014 2013 Expected life 3.2 - 6.5 years 3.0 - 3.0 years 2.2 - 3.0 years Expected volatility 28.1% - 47.6 % 37.1% - 46.8 % 46.9% - 50.7 % Expected dividend yield % % % Risk-free interest rate % % % 2015 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (Dollars in Thousands) Outstanding at January 1, 2015 $ Granted Exercised ) Forfeited ) Expired ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at December 31, 2015 $ 4.50 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested or expected to vest at December 31, 2015 1 $ 4.48 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Option exercisable at December 31, 2015 $ 4.31 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Includes vested shares and non-vested shares after forfeiture rate is applied The following table summarizes information about stock options outstanding as of December 31, 2015: Stock Options Outstanding Stock Options Exercisable Range of Exercise Prices Number Outstanding Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life Number Exercisable Weighted- Average Exercise Price $2.00 - $4.99 $ 6.06 years $ $5.00 - $7.99 1.58 years $8.00 - $10.99 5.46 years $11.00 - $13.99 3.25 years ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at end of year $ 4.50 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Activities related to stock options are presented as follows for the years indicated: (Dollars in Thousands, Except Weighted Average Fair Value Price) 2015 2014 2013 Total intrinsic value of options exercised $ $ $ Total fair value of options vested $ $ $ Weighted average fair value of options granted during the year $ $ $ As of December 31, 2015, total unrecognized stock compensation cost related to stock options granted totaled $330,000 and unrecognized stock compensation cost related restricted stock granted totaled $1.1 million. These costs are expected to be recognized over a weighted average period of 1.0 year for stock options and 1.3 years for restricted stock. A summary of the status and changes of the Company's non-vested stock options related to the Company's stock option plan as of and for the year 2015 is presented below: Shares Weighted Average Grant Date Fair Value Non-vested at January 1, 2015 $ Granted Vested ) Forfeitures on unvested shares ) ​ ​ ​ ​ ​ ​ ​ ​ Non-vested at December 31, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ A summary of the status and changes of the Company's non-vested restricted stock related to the Company's stock option plan as of and for the year 2015 is presented below: Shares Weighted Average Grant Date Fair Value Non-vested at January 1, 2015 $ Granted Vested ) Forfeitures on unvested shares ) Stock Dividends N/A ​ ​ ​ ​ ​ ​ ​ ​ Non-vested at December 31, 2015 N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
INCOME TAXES
INCOME TAXES	14. INCOME TAXES A summary of income tax expense (benefit) for 2015, 2014, and 2013 is shown as follows: (Dollars in Thousands) Current Deferred Total 2015: Federal $ $ ) $ State ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014: Federal $ $ $ State ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2013: Federal $ $ ) $ State ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following is a summary of the income taxes receivable (payable). As of December 31, 2015, we included $2.8 million in federal income tax receivable and $737,000 in state tax receivable as a component of other assets. As of December 31, 2014, we included $2.7 million in federal income tax receivable and $855,000 in state tax payable as a component of other assets. As of December 31, 2013, we included $540,000 in federal income tax receivable and $877,000 in state tax payable as a component of other liabilities. (Dollars in Thousands) 2015 2014 2013 Current income taxes receivable (payable): Federal $ $ $ State ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total income taxes receivable (payable) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The cumulative temporary differences, as tax affected, are as follows at December 31, 2015 and 2014: 2015 (Dollars in Thousands) Federal State Total Deferred tax assets: Bad debt reserve in excess of tax bad debt deduction $ $ $ Tax depreciation less than the financial statement depreciation Net operating loss OREO reserve ASC 718-10 non-qualified stock options Business combinations Charitable contributions Restricted stocks CA Enterprise Zone tax credits ) Accrued professional fees Others ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: Prepaid expenses ) ) ) Deferred loan origination costs ) ) ) Unrealized gain on loans held-for-sale ) ) ) Unrealized gain on securities available-for-sale ) ) ) Intangible related to business combination ) ) ) Gain from acquisition of Mirae Bank ) ) ) ASC 860-50 adjustment ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax liabilities ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 (Dollars in Thousands) Federal State Total Deferred tax assets: Bad debt reserve in excess of tax bad debt deduction $ $ $ Tax depreciation less than the financial statement depreciation Net operating loss OREO reserve ASC 718-10 non-qualified stock options Business combinations Charitable contributions Restricted stocks CA Enterprise Zone tax credits ) Accrued professional fees Others ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: Prepaid expenses ) ) ) Deferred loan origination costs ) ) ) Unrealized gain on loans held-for-sale ) ) ) Unrealized gain on securities available-for-sale ) ) ) Intangible related to business combination ) ) ) Gain from acquisition of Mirae Bank ) ) ) ASC 860-50 adjustment ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax liabilities ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In assessing the future realization of deferred tax assets, management considers whether it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. The ultimate realization is dependent upon the generation of sufficient future taxable income during the periods temporary differences become deductible. As of December 31, 2015, the Company no valuation allowance and had a net deferred tax asset of $21.5 million. As of December 31, 2014, the Company had no valuation allowance and had a net deferred tax asset of $22.3 million. As of December 31, 2015, the Company had Section 382 limited federal and state net operating loss carryovers of $3.6 million and $3.6 million, respectively, which both begin to expire in 2029. The Company also had Section 382 limited state tax credit of $307,000, which begins to expire in 2023. As of December 31, 2014, the Company had Section 382 limited federal and state net operating loss carryovers of $7.6 million and $11.7 million, respectively. The Company also had Section 382 limited state tax credit of $307,000. As of December 31, 2015, management performed an evaluation of all positive and negative evidence regarding the need for a valuation allowance. Positive evidence includes, but is not limited to, 12 quarters (three years) of cumulative positive pre-tax income, 19 continuous quarters of positive earnings, strong capital, significantly improved asset quality, and the lack of regulatory orders. Negative evidence includes uncertainty in the economic recovery or slow growth of the U.S. economy and increased regulatory scrutiny that can adversely affect future earnings. Based on this evaluation, management has concluded that aforementioned available positive evidence outweighed the negative evidence and that deferred tax assets are more-likely-than-not to be realized and therefore no valuation allowance is required. A reconciliation of the difference between the federal statutory income tax rate and the effective income tax rate is shown in the following table for the years indicated: 2015 2014 2013 Statutory tax rate % % % State taxes—net of California Enterprise Zone tax credit % % % Valuation Allowance % % % Municipal Bonds –1 % –1 % –1 % Tax credits –6 % –6 % –7 % Other items % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In accordance with ASC 740-10, "Accounting for Uncertainty in Income Taxes," the Company recognized an increase in the liability for unrecognized tax benefit of $5,000 from prior year tax positions, and a decrease in the liability for unrecognized tax benefits of $1.2 million from settlements with federal and state tax authorities in 2015. (Dollars in Thousands) 2015 2014 2013 Unrecognized tax benefit: Balance, beginning of the year $ $ $ Change in related to current year tax positions — — Change in related to prior year tax positions ) Change related to acquisitions of BankAsiana and Saehan — — Settlement with tax authorities ) ) ) Expiration of the statute of limitations for assessment of taxes — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of the year $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2015, the total unrecognized tax benefit that would affect the effective income tax rate if recognized was $483,000. We expect that the unrecognized tax benefits may decrease by approximately $483,000 over the next 12 months due to settlements with state tax authorities. As of December 31, 2015, the total accrued interest related to uncertain tax positions was $154,000. Other than the accrued interest of $66,000 related to uncertain tax positions from an acquired entity in 2013, the Company accounts for interest related to uncertain tax positions as part of the Company's provision for federal and state income taxes. Accrued interest was included as part of the current tax payable in the consolidated financial statements. The Company files United States federal and state income tax returns in jurisdictions with varying statues of limitations. The 2012 through 2014 tax years remain subject to examination by federal tax authorities, and 2011 through 2014 tax years remain subject to examination by state tax authorities. The Company is currently under examination by the California Franchise Tax Board for the 2011, 2012, and 2013 tax years. The Company is also under examination by the New York State Department of Taxation and Finance for tax years 2011, 2012, and 2013. The Company believes that it has adequately provided or paid income tax amounts for issues not yet resolved with federal and state tax authorities. Based upon the consideration of all of the relevant facts and circumstances, the Company does not expect that the federal and state tax examination results will have a material impact on the Company's consolidated financial statements as of December 31, 2015.

GOODWILL & OTHER INTANGIBLE ASS

GOODWILL & OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2015
GOODWILL & OTHER INTANGIBLE ASSETS
GOODWILL & OTHER INTANGIBLE ASSETS	15. GOODWILL & OTHER INTANGIBLE ASSETS The Company recorded goodwill of $6.7 million from the acquisition of Liberty Bank of New York in May 2006. During 2013, additional goodwill of $10.8 million was recorded from the acquisition of BankAsiana, and $50.0 million was recorded from the acquisition of Saehan. The carrying amount of goodwill amounted to $67.5 million at December 31, 2015 and December 31, 2014. The acquisitions of BankAsiana and Saehan were accounted for in accordance with ASC 805 "Business Combinations," using the acquisition method of accounting, and assets and liabilities were recorded at their estimated fair values on the dates of each acquisition. These fair value estimates were considered provisional for a period of up to one year from the dates of the acquisitions. During the third quarter of 2014, the Company finalized its acquisition accounting adjustment for the acquisitions of BankAsiana and Saehan. Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset's fair value. At December 31, 2015, management assessed the qualitative factors related to goodwill for the year to determine whether it was more-likely-than-not that the fair value was less than its carrying amount. Based on the analysis of these factors, management determined that it was more-likely-than-not that the fair value of goodwill exceeded the carrying value and that the two-step impairment test was not needed. The Company recorded core deposits intangibles of $1.6 million, $1.3 million, $725,000, and $3.8 million, with the acquisitions of Liberty Bank of New York, Mirae Bank, BankAsiana, and Saehan, respectively. At December 31, 2015, the total balance of core deposits intangibles, net of amortizations, was $3.2 million, compared to $4.2 million at December 31, 2014. To test for impairment of core deposits intangibles at year-end 2015, we looked for core deposits intangibles values for recent acquisitions and recent core deposits mixes. As a result, we concluded that it was more-likely-than-not that core deposits intangibles were not impaired, and that a change to the amortizing schedules were not required. The acquisitions of BankAsiana and Saehan resulted in unfavorable lease intangibles of $239,000, and $384,000, respectively. These lease intangibles related to two lease contracts acquired from BankAsiana and four acquired from Saehan. The balance of unfavorable lease liabilities at December 31, 2015 was $285,000, compared to $482,000 at December 31, 2014. At December 31, 2015, the remaining unfavorable lease intangibles related to BankAsiana totaled $112,000 and unfavorable lease intangibles related to Saehan totaled $173,000. The gross carrying amount and accumulated amortization for core deposits intangibles and unfavorable lease intangibles from our previous acquisitions at December 31, 2015 and December 31, 2014, are shown in the tables below: 2015 2014 (Dollars in Thousands) Original Amount Accumulated Amortization Carrying Balance Original Amount Accumulated Amortization Carrying Balance Core deposits intangibles related to: Liberty Bank of New York $ $ ) $ $ $ ) $ Mirae Bank ) ) BankAsiana ) ) Saehan ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total core deposits intangibles $ $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2015 2014 (Dollars in Thousands) Original Amount Accumulated Amortization Carrying Balance Original Amount Accumulated Amortization Carrying Balance Lease intangibles related to: BankAsiana $ ) $ $ ) $ ) $ $ ) Saehan ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease intangibles $ ) $ $ ) $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The amortization schedule for intangible assets for the next five years as of December 31, 2015, is show in the table below: (Dollars in Thousands) 2016 2017 2018 2019 2020 Core deposits intangibles amortization $ $ $ $ $ Unfavorable lease intangibles amortization $ $ $ $ — $ —

BENEFIT PLANS

BENEFIT PLANS	12 Months Ended
	Dec. 31, 2015
BENEFIT PLANS
BENEFIT PLANS	16. BENEFIT PLANS 401(k) Savings Plan In 1996, the Company established a 401(k) savings plan, which is open to all eligible employees who are 21 years old or over, and have completed six months of service with the Company. The plan provides for the Company's matching contribution up to 6% of participants' compensation during the plan year. Vesting of the employer contributions is 25% after two years of service, and 25% per year thereafter. Total employer contributions to the plan amounted to approximately $1.3 million, $1.1 million, and $935,000 for the years ended December 31, 2015, 2014, and 2013, respectively. Post-Retirement Benefit Obligations In 2003, we adopted a Survivor Income Plan for the benefit of the directors and officers of the Bank in order to encourage their continued employment and service, and to reward them for their past contributions. The plan was modified in 2005. We also entered into separate Survivor Income Agreements with officers and directors relating to the Survivor Income Plan. Under the terms of the Survivor Income Plan, each participant is entitled to a base amount of death proceeds as set forth in the participant's election to participate, which base amount increases three percent per calendar year, but only until normal retirement age, which is 65. If the participant remains employed after age 65, the death benefit will be fixed at the amount determined at age 65. If a participant has attained age 65 prior to becoming a participant in the Survivor Income Plan, the death benefit shall be equal to the base amount set forth in their election to participate with no increases. We are obligated to pay any death benefit owed under the Survivor Income Plan in a lump sum within 90 days following the participant's death. The participant's rights under the Survivor Income Plan terminate upon termination of employment with Wilshire Bank. Upon termination of employment (except for termination for cause), the participant will have the option to convert the amount of death benefits calculated at such termination to a split dollar arrangement, provided such arrangement is available under bank regulations and/or tax laws. If available, Wilshire Bank and the participant will enter into a split dollar agreement and a split dollar policy endorsement. Under such an arrangement, we would annually impute income to the officer or the director based on tax laws or rules in force upon conversion. The Company accrued $222,000 in 2015, $105,000 in 2014, and $272,000 in 2013 for postretirement benefit obligations. On January 30, 2012, the Board of Directors of the Company approved an increase in BOLI benefits totaling $565,000, for five of the Company's Directors. Subsequently on January 31, 2013, an increase in BOLI benefits totaling $500,000 for the chief executive officer (also a director) was approved by the Board of Directors of the Company. The plan increased benefits retroactively based on the Directors' previous service to the Company. In accordance with ASC 715-60-35, the Company recorded BOLI unrecognized prior service costs in other comprehensive income to account of the prior service cost. At December 31, 2015, BOLI unrecognized prior service costs, a part of other comprehensive income, totaled $445,000, compared to $495,000 at December 31, 2014.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2015
REGULATORY MATTERS
REGULATORY MATTERS	17. REGULATORY MATTERS The Company and Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company and Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum ratios (set forth in the table below) of total, Tier I capital, and Tier 1 common equity to risk-weighted assets (as defined), and Tier I capital (as defined) to quarterly average assets. Management believes that, as of December 31, 2015 and 2014, the Company and Bank met all capital adequacy requirements to which they were subject. Federal Reserve Board rules provide that a bank holding company may count proceeds from a trust preferred securities issuance as Tier 1 capital in an amount up to 25% of its total Tier 1 capital. Under the Federal Reserve Board capital guidelines, as of December 31, 2015 and 2014, the Company was able to include part of the proceeds from the previously issued trust preferred securities as Tier 1 capital. As of December 31, 2015, all of the Bank's capital ratios were in excess of the regulatory requirements for a "well-capitalized institution". To be categorized as well capitalized, the Bank must maintain minimum total risk-based ratio of 10.0%, Tier I risk-based ratio of 8.0%, Tier 1 common equity risk-based ratio of 6.50%, and a Tier I leverage ratio of 5.0%. The Company and Bank's capital amounts and ratios are presented in the follow table for the dates indicated: Actual Required For Capital Adequacy Purposes* Required To Be Well Capitalized Under Prompt Corrective Action Provisions* (Dollars In Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Total Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % $ N/A Wilshire Bank $ % $  % $ % Tier 1 Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % $ N/A Wilshire Bank $ % $  % $ % Tier 1 Common Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % $ N/A Wilshire Bank $ % $  % $ % Tier 1 Capital (to quarterly average assets): Wilshire Bancorp, Inc. $ % $  % $ N/A Wilshire Bank $ % $  % $ % As of December 31, 2014 Total Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % N/A N/A Wilshire Bank $ % $  % $  % Tier 1 Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % N/A N/A Wilshire Bank $ % $  % $  % Tier 1 Capital (to quarterly average assets): Wilshire Bancorp, Inc. $ % $  % N/A N/A Wilshire Bank $ % $  % $  % * BASEL III revised the capital adequacy requirements and the Prompt Corrective Action Framework effective January 1, 2015 for the Company and Bank As a holding company whose only significant asset is the common stock of the Bank, the Company's ability to pay dividends on its common stock and to conduct business activities directly or in non-banking subsidiaries depends significantly on the receipt of dividends or other distributions from the Bank. The Bank's ability to pay any cash dividends will depend not only upon its earnings during a specified period, but also on its meeting certain capital requirements. The Federal Deposit Insurance Act and FDIC regulations restrict the payment of dividends when a bank is undercapitalized, when a bank has failed to pay insurance assessments, or when there are safety and soundness concerns regarding a bank. The payment of dividends by the Bank may also be affected by other regulatory requirements and policies, such as maintenance of adequate capital. If, in the opinion of the regulatory authority, a depository institution under its jurisdiction is engaged in, or is about to engage in, an unsafe or unsound practice (that, depending on the financial condition of the depository institution, could include the payment of dividends), such authority may require, after notice and hearing, that such depository institution cease and desist from such practice. The Federal Reserve Board has issued a policy statement that provides that insured banks and bank holding companies should generally pay dividends only out of operating earnings for the current and preceding two years. In addition, all insured depository institutions are subject to the capital-based limitations required by the Federal Deposit Insurance Corporation Improvement Act of 1991. In addition to the regulation of dividends and other capital distributions, there are various statutory and regulatory limitations on the extent to which the Bank can finance or otherwise transfer funds to the Company or any of its non-banking subsidiaries, whether in the form of loans, extensions of credit, investments, or asset purchases. The Federal Reserve Act and Regulation may further restrict these transactions in the interest of safety and soundness. The foregoing restrictions on dividends paid by the Bank may limit Wilshire Bancorp's ability to obtain funds from such dividends for its cash needs, including funds for payment of its debt service requirements and operating expenses and for payment of cash dividends to Wilshire Bancorp's shareholders. The amount of dividends the Bank could pay to Wilshire Bancorp as of December 31, 2015 without prior regulatory approval, which is limited by statute to the sum of undivided profits for the current year plus net profits for the preceding two years (less any distributions made to shareholders during such periods), was $21.3 million. Total cash dividends paid to the Company by the Bank in 2015 was $30.0 million. There were no cash dividends paid by the Bank to the Company in 2014. The Basel III Rules, effective January 1, 2015 for the Company and Bank, include new risk-based and leverage capital ratio requirements and refined the definition of what constitutes "capital" for purposes of calculating those ratios. The minimum capital level requirements applicable to the Company and our subsidiary bank under the Basel III Rules are: (i) a new common equity Tier 1 risk-based capital ratio of 4.5%; (ii) a Tier 1 risk-based capital ratio of 6% (increased from 4%); (iii) a total risk-based capital ratio of 8% (unchanged); and (iv) a Tier 1 leverage ratio of 4% (unchanged) for all institutions. Common equity Tier 1 capital will consist of retained earnings and common stock instruments, subject to certain adjustments. The Basel III Rules also establish a "capital conservation buffer" of 2.5% above the new regulatory minimum risk-based capital requirements. The conservation buffer, when added to the capital requirements, will result in the following minimum ratios: (i) a common equity Tier 1 risk-based capital ratio of 7.0%, (ii) a Tier 1 risk-based capital ratio of 8.5%, and (iii) a total risk-based capital ratio of 10.5%. The new capital conservation buffer requirement will be phased in beginning in January 2016 at 0.625% of risk-weighted assets and will increase by 0.625% each year until fully implemented at 2.5% in January 2019. An institution would be subject to limitations on certain activities including payment of dividends, share repurchases, and discretionary bonuses to executive officers if its capital level is below the buffered ratio. Although these new capital ratios do not become fully phased in until 2019, the banking regulators will expect bank holding companies and banks to meet these requirements well ahead of that date.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2015
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE	18. EARNINGS PER COMMON SHARE The following is a reconciliation of the basic and diluted earnings per common share computations at December 31, 2015, 2014, and 2013: (Dollars in Thousands, Except per Share Data) 2015 2014 2013 Numerator: Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: Denominator for basic earnings per share: Weighted-average shares Effect of dilutive securities: Stock option dilution 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for diluted earnings per share: Adjusted weighted-average shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Excludes 122,451 and 275,800 in stock options outstanding at December 31, 2015 and 2014, respectively, for which the exercise price exceeded the average market price of the Company's common stock. Therefore, these stock options were deemed anti-dilutive, and were excluded from the diluted earnings per share calculation.

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2015
OTHER COMPREHENSIVE INCOME (LOSS)
OTHER COMPREHENSIVE INCOME (LOSS)	19. OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) includes net unrealized gains and losses on available-for-sale investment securities, net unrealized gains and losses on interest-only strip, and unrecognized prior service costs on BOLI. Changes to accumulated other comprehensive income (loss) are presented net of tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income (loss) are recorded on the Consolidated Statements of Income as either a gain or loss. The reclassifications for available-for-sale securities are included in the Consolidated Statements of Income as a gain on sale or call of securities. Changes to accumulated other comprehensive income (loss) by components are shown in the following tables for the periods indicated: 2015 (Dollars in Thousands) Net Unrealized Gains and Losses on AFS Securities Net Unrealized Gains on Interest- Only Strip BOLI Unrecognized Prior Service Costs Total Balance at beginning of year $ $ $ ) $ Other comprehensive income (loss) before reclassification ) ) ) Reclassifications from other comprehensive income — — — — Tax effect of current period changes — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period changes net of taxes ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 (Dollars in Thousands) Net Unrealized Gains and Losses on AFS Securities Net Unrealized Gains on Interest- Only Strip BOLI Unrecognized Prior Service Costs Total Balance at beginning of year $ $ $ ) $ ) Other comprehensive income (loss) before reclassification ) Reclassifications from other comprehensive income — — — — Tax effect of current period changes ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period changes net of taxes ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2013 (Dollars in Thousands) Net Unrealized Gains and Losses on AFS Securities Net Unrealized Gains on Interest- Only Strip BOLI Unrecognized Prior Service Costs Total Balance at beginning of year $ $ $ ) $ Other comprehensive (loss) income before reclassification ) ) ) Reclassifications from other comprehensive income ) — — ) Tax effect of current period changes ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period changes net of taxes ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ There were no reclassifications out of other comprehensive income (loss) to realized gains on sale or call of securities in 2015 or 2014. Reclassification out of comprehensive income (loss) to realized gains on sale or call of securities totaled $19,000, for the year ended December 31, 2013. Aside from the reclassification from unrealized gain (losses) on securities in 2013, there were no other reclassifications out of other comprehensive income (loss) for the years ended December 31, 2015, 2014, and 2013.

BUSINESS SEGMENT REPORTING

BUSINESS SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2015
Business Segment Reporting
BUSINESS SEGMENT REPORTING	20. BUSINESS SEGMENT REPORTING With the acquisitions and integrations of BankAsiana and Saehan, the Company reassessed its classification of its segment reporting units under ASC 280 "Segment Reporting" to better reflect how the Company is managed and how information is internally reviewed. Based on this internal evaluation, the Company determined in 2014, that the previously reported three business segments, "Banking Operation", "SBA Lending Services", and "Trade Finance Services", are no longer applicable. The Company is now managed as a single business segment. The financial performance of the Company is reviewed by the chief operating decision maker on an aggregate basis and financial and strategic decisions are also made based on the Company as a whole. We now consider "Banking Operations" to be our single combined operating segment, which raises funds from deposits and borrowings for loans and investments, and provides lending products, including construction, real estate, commercial, and consumer loans to its customers.

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2015
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	21. CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY The following presents the unconsolidated financial statements of only the parent company, Wilshire Bancorp, Inc., for the dates indicated: STATEMENTS OF FINANCIAL CONDITION (Dollars in Thousands) December 31, 2015 December 31, 2014 Assets: Cash and cash equivalents $ $ Investment in subsidiary Prepaid income taxes Other assets ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: Other borrowings $ $ Accounts payable and other liabilities Cash dividend payable ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities Shareholders' equity ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ STATEMENTS OF INCOME (Dollars in Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Interest expense $ $ $ Other operating expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total expense Other income Distributed earnings of subsidiary — Undistributed earnings (loss) of subsidiary ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings before income tax benefit Income tax benefit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ STATEMENTS OF CASH FLOWS (Dollars In Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Cash flows from operating activities: Net income $ $ $ Adjustments to reconcile net income to net cash provided by (used in) operating activities: Net change in accounts payable and other liabilities — Share-based compensation expense Net change in prepaid income taxes ) Net change in other assets ) ) Undistributed (earnings) loss of subsidiary ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided (used in) by operating activities ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: (Investments in) payments from subsidiary ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash (used in) provided by investing activities ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Proceeds from exercise of stock options Tax benefit from exercise of stock options — Cash paid for stock repurchases — — ) Payments of cash dividend on common stock ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net change in cash and cash equivalents ) Cash and cash equivalents, beginning of year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents, end of year $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)	22. QUARTERLY FINANCIAL DATA (UNAUDITED) Summarized quarterly financial data follows: Three Months Ended, 2015 (Dollars in Thousands, Except Share Data) March 31, June 30, September 30, December 31, YTD Total Net interest income $ $ $ $ $ Provision for loan losses and loan commitments — — — Non-Interest Income Non-Interest Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income Before Income Taxes Income Tax Provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share* $ $ $ $ $ Diluted earnings per common share* $ $ $ $ $ 2014 Net interest income $ $ $ $ $ Provision for loan losses and loan commitments — — — — — Non-Interest Income Non-Interest Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income Before Income Taxes Income Tax Provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share * $ $ $ $ $ Diluted earnings per common share $ $ $ $ $ * Quarterly earnings per share do not add up to the year-to-date total due to rounding

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation	Principles of Consolidation —The consolidated financial statements include the accounts of the Company and its subsidiaries. Inter-company transactions and accounts have been eliminated in consolidation.
Reclassification	Reclassification —Certain reclassifications have been made to prior years' consolidated financial statements and related notes to conform to current year presentation. There was no effect on net income or total shareholders' equity from the reclassifications.
Cashflows	Cashflows —Cash and cash equivalents include cash and due from banks, term federal funds sold, and overnight federal funds sold. Net cash flows are reported for customer loan and deposit transactions, federal funds purchased, and repurchase agreements.
Deposits held in other financial institutions	Deposits held in other financial institutions —Deposits held in other financial institutions consist of time deposits of the Company or Bank held at other financial institutions. These deposits are a source of interest income and are similar to short-term investments.
Investment Securities	Investment Securities —Investments are classified into three categories and accounted for as follows: (i) Securities that the Company has the positive intent and ability to hold to maturity are classified as "held-to-maturity" and reported at amortized cost; (ii) Securities that are bought and held principally for the purpose of selling them in the near future are classified as "trading securities" and reported at fair value; and (iii) Securities not classified as held-to-maturity or trading securities are classified as "available-for-sale" and reported at fair value. Unrealized gains and losses are reported, net of taxes, as a separate component of accumulated other comprehensive income in shareholders' equity. The Company had no trading securities at December 31, 2015 and 2014. Accreted discounts and amortized premiums on investment securities are included in interest income using the effective interest method, and unrealized and realized gains or losses related to holding, selling, or called securities are calculated using the specific-identification method. In accordance with Accounting Standards Codification ("ASC") 320-10-35-18, "Recognition and Presentation of Other-Than-Temporary Impairments", an other-than-temporary impairment ("OTTI") is recognized if the fair value of a debt security is lower than the amortized cost and the debt security will be sold, it is more-likely-than-not that the Company will be required to sell the security before recovering the amortized cost, or if it is expected that not all of the amortized cost will be recovered. Credit related declines in the fair value of investment securities below their amortized cost that are deemed to be other-than-temporary are reflected in earnings as realized losses in the Consolidated Statements of Income. Declines related to factors aside from credit are unrealized losses reflected in other comprehensive income, net of taxes. The Company did not record an OTTI on investment securities in years ended 2015, 2014, and 2013. Investment in available-for-sale securities are recorded at fair value pursuant to ASC 320-10-35-1. The measurement of fair value is based upon quoted prices for similar securities, if available. If quoted prices are not available, fair value is calculated using matrix pricing models, or other model-based valuation techniques requiring observable inputs other than quoted prices such as yield curves, prepayment speeds, and default rates. The available-for-sale investment portfolio includes federal agency securities, residential mortgage-backed securities, residential collateralized mortgage obligations, municipal bonds, and corporate debt securities. The fair value of the Company's existing available-for-sale security holdings as of December 31, 2015 and 2014 are measured using matrix pricing models in lieu of direct price quotes and are recorded based on Level 2 measurement inputs.
Loans	Loans —Loans that management has the intent and ability to hold for the foreseeable future, until maturity, or pay-off are generally reported at their outstanding unpaid principal balances adjusted for charge-offs, allowance for loan losses, discount, and deferred fees or costs. Interest from loans is credited to income as earned and is accrued only if deemed collectible. Accrual of interest is generally discontinued when a loan is 90 days or more delinquent unless management believes principal and interest on the loan is recoverable. Generally, payments received on non-accrual loans are recorded as principal reductions. Interest income on non-accrual loans is recognized after all principal has been repaid or an improvement in the condition of the loan has occurred that would warrant resumption of interest accruals. (i) Loans Held-for-Sale Certain loans that may be sold prior to maturity have been designated as held-for-sale at origination and are recorded at the lower of cost or fair value. A valuation allowance is established if the fair value of held-for-sale loans is lower than their cost, and is charged against operating income. The premium on the pro-rata principal of Small Business Administration ("SBA") and residential loans sold is recognized as gain on sale of loans. The discount related to the unsold principal of SBA loans is deferred and amortized over the remaining life of the loan as an adjustment to yield. (ii) Acquired Loans Acquired loans are recorded at fair value at the time they are acquired and any related allowance is not carried over at the acquisition date. At acquisition, acquired loans are segmented into two groups, loans with evidence of credit deterioration, and loan without evidence of credit deterioration. Purchased loans with evidence of credit deterioration where the Company estimates that it will not receive all contractual payments are accounted for as purchased credit impaired loans in accordance with ASC 310-30, "Loans and Debt Securities Acquired with Deteriorated Credit Quality" and are referred to herein as "ASC 310-30 loans." Acquired loans without evidence of credit deterioration are not accounted for under ASC 310-30 and are referred to as "Non-ASC 310-30 loans." At the time of acquisition, Non-ASC 310-30 loans are aggregated into pools based on similar loan characteristics such as type of loans, variable or fixed interest rate, payment type, and other factors. Management periodically reassess the net realizable value of Non-ASC 310-30 loan pools and records interest income resulting from the accretion of the purchase discount in accordance with ASC 310-20. (iii) Credit Impaired Loans (ASC 310-30 Loans) Purchased loans with evidence of credit deterioration where the Company estimates that it will not receive all contractual payments are accounted for as purchased credit impaired loans in accordance with ASC 310-30. At the time of acquisition, ASC 310-30 loans are aggregated into pools based on similar loan characteristics such as type of loans, variable or fixed interest rate, payment type, and other factors. The estimated cashflows expected for each pool is estimated at the time the loans are acquired. The excess of the cash flows expected to be collected on ASC 310-30 loans, measured as of the acquisition date, over the estimated fair value is referred to as the "accretable yield," and is recognized in interest income over the remaining life of the loan using a level yield method of accretion. The difference between contractually required payments as of the acquisition date and the cash flows expected to be collected is referred to as "non-accretable difference," and is not accreted over time. For Non-ASC 310-30 loans, the difference between contractually required payments as of the acquisition date and the fair value is accreted over the remaining life of the loan using a level yield method of accretion. The Company estimates expected cash flows to be collected over the life of acquired loans on a recurring basis. If the Company determines that expected cashflows have decreased, ASC 310-30 loans would be considered further impaired which would result in a provision for loan losses and a corresponding increase in valuation allowance included in the allowance for loan losses. However, if expected cashflows have increased in subsequent evaluations, the Company will reduce any remaining valuation allowance. If a valuation allowance does not exist, the accretable yield will be recalculated to account for the increase in expected cashflows. Nonrefundable fees, net of incremental costs, associated with the origination of loans are deferred and recognized as an adjustment of the loan yield over the life of loans using the effective interest method. Other loan fees and charges, representing service costs for the prepayment of loans, for delinquent payments, or for miscellaneous loan services, are recorded as income when collected.
Allowance for Loan Losses and Loan Commitments	Allowance for Loan Losses and Loan Commitments —Based on the credit risk inherent in our lending business, we set aside allowance for losses on loans and loan commitments which are charged to earnings. These charges are not only made for the outstanding loan portfolio, but also for off-balance sheet loan commitments, such as commitments to extend credit or letters of credit. The charges made for the outstanding loan portfolio are recorded to the allowance for loan losses, whereas charges related to loan commitments are recorded as a reserve for loan commitments, which is presented as a component of other liabilities. The allowance for loan losses is comprised of two components the general valuation allowance ("GVA") and the specific valuation allowance ("SVA"). The GVA allowance is based on loans that are evaluated for losses in pools based on historical experience in addition to qualitative adjustments ("QA"), or estimated losses from factors not captured by historical experience. The SVA portion of the allowance is based on the estimated losses on impaired loans that are individually evaluated. Management performs a review of the historical loss rates used in the GVA as well as the factors in our QA methodology on a quarterly basis due to the increased significance of GVA when estimating losses in the current economic environment. To establish an adequate allowance, we must be able to recognize when loans have become a problem. A risk grade of either pass, watch, special mention, substandard, or doubtful, is assigned to every loan in the loan portfolio, with the exception of homogeneous loans, or loans that are evaluated together in pools of similar loans (i.e., home mortgage loans, home equity lines of credit, overdraft loans, express business loans, and automobile loans). The following is a brief description of the loan classifications or risk grades used in our allowance calculation: Pass Loans —Loans that are past due less than 30 days that do not exhibit signs of credit deterioration. The financial condition of the borrower is sound as is the status of any collateral. Loans secured by cash (principal and interest) also fall within this classification. Watch Loans —Performing loans with borrowers that have experienced adverse financial trends, higher debt/equity ratio, or weak liquidity positions, but not to the degree that the loan is considered a problem. Special Mention —Loans that are currently protected but exhibit an increasing degree of risk based on weakening credit strength and/or repayment sources. Contingent or remedial plans to improve the Bank's risk exposure is documented for these loans. Substandard —Loans inadequately protected by the current worth and paying capacity of the borrower or pledged collateral, if any. This grade is assigned when inherent credit weakness is apparent. Doubtful —Loans having all the weakness inherent in a "substandard" classification but collection or liquidation is highly questionable with the possibility of loss at some future date. We currently use a type of migration analysis as a factor in calculating our allowance for loan losses in addition to a software program used to produce historical loss rates for different loan classes used in our GVA estimations. The Company also utilizes a QA matrix to estimate losses not captured by historical experience. The QA matrix takes into consideration both internal and external factors which include forecasted economic indicators (unemployment & GDP), problem loan trends (non-accrual, delinquency, and impaired loans), trends in real estate value, and other factors. Although the QA takes into consideration different loan segments and loan classes, the application is made to the loan portfolio as a whole. For impaired loans, or SVA allowance, we evaluate loans on an individual basis to determine impairment in accordance with generally accepted accounting principles ("GAAP"). All these components are added together for a final allowance for loan losses figure. The allowance calculation is performed on a quarterly basis. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings ("TDR"). The Company considers all TDRs to be impaired and are therefore accounted for in the same manner as other impaired loans. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Commercial and commercial real estate impaired loans are individually evaluated for impairment. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, at the net present value of estimated future cash flows using the loan's existing rate, or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan's effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. Allowance for loan commitments represents reserves for unfunded loans commitments or lines of credit that are available but have not yet been utilized by the borrower. The allowance for unfunded loan commitments is calculated by breaking down commitments by loan classes and takes into account such factors as average three month utilization rate and historical losses. The allowance for loan commitments is reported separately from allowance for loan losses in other liabilities in the "Consolidated Statements of Financial Condition".
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments —Loan commitments and related financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The face amount for these items represents the loss exposure before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Servicing Assets	Servicing Assets —Upon sales of SBA guaranteed and residential mortgage loans, the Company receives a fee for servicing the loans. A servicing asset is initially recorded at fair value with the income statement effect recorded in gain on sale of loans. Fair value is based on the present value of the contractually specified servicing fee, net of servicing cost, over the estimated life of the loan, with an average discount rate and a range of constant prepayment rates of the related loans. Any subsequent increase or decrease in fair value of servicing assets and liabilities is to be included with loan-related servicing fees on the Consolidated Statements of Income.
Bank Premises and Equipment	Bank Premises and Equipment —Bank premises and equipment are stated at cost less accumulated depreciation and amortization while land is carried at cost. Depreciation on building, furniture, fixtures, and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which can range from 3 to 30 years. Leasehold improvements are capitalized and amortized using the straight-line method over the term of the lease or the estimated useful lives of the improvements, whichever is shorter.
Other Real Estate Owned ("OREO")	Other Real Estate Owned ("OREO") —OREO, which represents real estate acquired through foreclosures in satisfaction of commercial and real estate loans, are initially recorded at fair value less estimated selling costs of the property, establishing a new cost basis. The fair value of OREO is determined through appraisals or independent valuation. Loan balances in excess of the fair value of the real estate acquired at the date of acquisition are charged to the allowance for loan losses. These assets are subsequently accounted for at the lower of cost or fair value, less estimated costs to sell. Any subsequent operating expenses or income, reduction in estimated fair values, and gains or losses on disposition of such properties are recorded in Consolidated Statements of Income for the current period.
Mortgage Banking Derivatives	Mortgage Banking Derivatives —Mortgage banking derivatives are instruments used to hedge the risk to residential mortgage loans sales from changes in interest rates. Residential mortgage loans funded with interest rate lock commitments and forward commitments for the future delivery of mortgage loans to third party investors, are both considered derivatives. The Company accounts for loan commitments related to the origination of mortgage loans that will be held-for-sale as derivatives at fair value on the balance sheet, with changes in fair value recorded in earnings. Commitments to originate mortgage loans that will be held for investment are not accounted for as derivatives and therefore are not recorded at fair value. Subsequent changes in the fair value of a derivative loan commitments are recognized in earnings in the period in which the changes occur.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets —The Company reviews its long-lived assets for impairment annually or when events or circumstances indicate that the carrying amount of these assets may not be recoverable. An asset is considered impaired when the expected undiscounted cash flows over the remaining useful life are less than the net book value. When impairment is indicated for an asset, the amount of impairment loss is the excess of the net book value over its fair value.
Federal Home Loan Bank ("FHLB") Stock	FHLB Stock —The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and both cash and stock dividends are reported as income. An impairment analysis of FHLB Stock is performed annually or when events or circumstances indicate possibility of impairment.
Bank Owned Life Insurance ("BOLI") Obligation	Bank Owned Life Insurance ("BOLI") Obligation —The Company has purchased life insurance policies on certain key executives and Directors. BOLI is recorded at the amount that can be realized under the insurance contract at the statement of financial condition date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. ASC 715-60-35, "Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements," requires an employer to recognize obligations associated with endorsement split-dollar life insurance arrangements that extend into the participant's post-employment benefit cost for the continuing life insurance or based on the future death benefit depending on the contractual terms of the underlying agreement. During 2015, 2014, and 2013, the increase in BOLI expense related to the adoption of ASC 715-60-35 was $272,000, $155,000, and $563,000, respectively, which was included as part of the other expenses in the Consolidated Statements of Income. The accrued liabilities, included in other liabilities, totaled $4.9 million and $4.7 million, at December 31, 2015, and 2014, respectively.
Affordable Housing Investment Partnerships	Affordable Housing Partnerships Investments —The Company invests in limited partnerships formed to develop and operate affordable housing units for lower income tenants throughout the states of California, Texas, and New York. These investments are accounted for using the equity method of accounting. If the partnerships cease to qualify during the compliance period, the credits may be denied for any period in which the projects are not in compliance and a portion of the credits previously taken is subject to recapture with interest. The carrying value of such investments and commitments to fund investment in affordable housing is recorded as "Investment in affordable housing partnerships" in the Consolidated Statement of Financial Condition. Commitment to fund investments in affordable housing is also included in this line items but is also grossed up and recorded as a liability in "Commitments to fund affordable housing partnerships investments".
Goodwill and Intangible Assets	Goodwill and Intangible Assets —The Company recognized goodwill in connection with the acquisition of Liberty Bank of New York in 2006, and subsequently in 2013 with the acquisitions of BankAsiana and Saehan. Goodwill is presumed to have an indefinite useful life and is tested for impairment, rather than amortized. The goodwill impairment analysis is a two-step test. However, under ASU 2011-08 "Intangibles—Goodwill and Other", a company can first assess qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test. As such, we perform a qualitative assessment on goodwill at least annually. We are not required to calculate the fair value unless we determined, based on this qualitative assessment, that it is more-likely-than-not that the fair value related to goodwill is less than the carrying amount. The assessment of qualitative factors and goodwill testing involves significant judgment and assumptions by management to which there is always some degree of uncertainty. The Company assessed the qualitative factors related to goodwill and determined goodwill was more-than-likely not impaired at December 31, 2015. Goodwill is the only intangible asset with an indefinite life on our statement of financial condition. The Company evaluates the remaining useful lives of its core deposits intangibles asset and lease intangibles as required by ASC 350, "Intangibles—Goodwill and Other", to determine whether events and circumstances warrant a revision to the remaining period of amortization. If the estimate of an intangible asset's remaining useful life has changed, the remaining carrying amount of the intangible asset is amortized prospectively over that revised remaining useful life. The Company has determined that a revision to estimates of the useful lives of its core deposits intangibles or lease intangibles was not required as of December 31, 2015.
FDIC Indemnification Asset	FDIC Indemnification Asset —With the acquisition of Mirae Bank, the Bank entered into a loss sharing agreement with the FDIC, whereby the FDIC shares in losses and recoveries on acquired loans. The Company accounted for the receivable balances under the loss sharing agreement as an FDIC Indemnification asset in accordance with ASC 805 "Business Combinations". The FDIC indemnification was accounted for on the date of the acquisition by adding the present value of all the cash flows that the Company expected to collect from the FDIC as stated in the loss sharing agreement. The FDIC indemnification balance declined as we received payments from the FDIC. In addition, the FDIC indemnification asset decreased and increased, as expected and actual cash flows increased and decreased, respectively, from what was expected at the time of acquisition. The loss sharing agreement with the FDIC related to losses on loans acquired from Mirae Bank expired in June 2014, although recoveries remain covered under the agreement for an additional three years from that time. Upon the expiration of the loss sharing agreement in respect to losses, the remaining balance of the FDIC indemnification assets was written down. At December 31, 2015, we no longer had an FDIC indemnification asset balance.
Income Taxes	Income Taxes —The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax rates for deferred tax assets and liabilities is recognized in income in the period that includes the enacted date. Valuation allowances are established when necessary to reduce deferred tax assets when it is more-likely-than-not that a portion or all of the deferred tax assets will not be realized. As of December 31, 2015, management performed an evaluation of all positive and negative evidence regarding the need for a valuation allowance. Positive evidence includes, but is not limited to, 12 quarters (three years) of cumulative positive pre-tax income, 19 continuous quarters of positive earnings, strengthening capital, significantly improved asset quality, and the removal of regulatory orders. Negative evidence includes uncertainty in the recovery or slow growth of U.S. economy, and increased regulatory scrutiny that can adversely affect future earnings. Based on this evaluation, management concluded that the aforementioned available positive evidence outweighed the negative evidence and that deferred tax assets are more-likely-than-not to be realized and therefore no valuation allowance was required. The Company adopted the provision of ASC 740-10-25, "Accounting for Uncertainty in Income Taxes", which clarifies the accounting for uncertainty in income taxes recognized in the financial statements in accordance with 740-10, "Accounting for Income Taxes". ASC 740-10-25 provides that a tax benefit from an uncertain tax position may be recognized when it is more-likely-than-not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. A tax position is recognized as a benefit only if it is "more-likely-than-not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more-likely-than-not" test, no tax benefit is recorded. The Company recognized an increase in the liability for unrecognized tax benefit of $5,000 from prior year tax positions, and a decrease in the liability for unrecognized tax benefit of $1.2 million due to settlements with federal and state tax authorities in 2015. As of December 31, 2015, the total unrecognized tax benefit that would affect the effective tax rate if recognized was $483,000. We expect the unrecognized tax benefits to decrease by approximately $483,000 over the next 12 months due to settlements with state tax authorities.
Earnings per Common Share	Earnings per Common Share —Basic earnings per common share ("EPS") are computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that would then share in the earnings of the Company.
Comprehensive Income	Comprehensive Income —Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on interest-only ("I/O") strips, BOLI unrecognized prior service cost, and unrealized gains and losses on securities available-for-sale. The accumulated change in other comprehensive income, net of tax, is recognized as a separate component of shareholders' equity.
Dividend Restrictions	Dividend Restrictions —Banking regulations and state laws require the Company and Bank to maintain certain capital levels and may limit the dividends paid by the Bank to the Company or by the Company to its shareholders.
Stock-Based Compensation	Stock-Based Compensation —The Company issues stock-based compensation to certain employees, officers, and directors. Stock-based compensation cost is recognized for stock options and restricted stock awards issued to employees and directors, based on the fair value of these awards on the date of grant. The Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company's common stock on the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements —The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2016, the FASB issued ASU 2016-01, "Financial Instruments—Overall (Topic 825-10): "Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 amends the guidance on the classification and measurement of financial instruments. Some of the amendments in ASU 2016-01 include the following: 1) requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; 2) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; 3) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; and 4) requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value; among others. For public business entities, the amendments of ASU 2016-01 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the effects of the ASU 2016-01 on its financial statements and disclosures, if any.

MERGERS AND ACQUISITIONS (Table

MERGERS AND ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2015
MERGERS AND ACQUISITIONS
Schedule of FDIC indemnification assets	2015 2014 2013 Beginning balance $ — $ $ Additions resulting from charge-offs or impairment — Deletions from loans transferred to OREO — — ) Payments and reimbursement received from the FDIC — ) ) Write-downs from impairment valuations — ) — Write-downs resulting from loans sold or paid-off — ) ) Other write-downs — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ — $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FAIR VALUE MEASUREMENTS FOR F33

FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2015
FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES
Summary of valuation of the Company's financial instruments measured on a recurring basis by the fair value hierarchy levels	Fair Value Measurements Using: As of December 31, 2015 Total Fair Value Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments Securities of government sponsored enterprises $ $ — $ $ — Mortgage-backed securities (residential) — — Collateralized mortgage obligations (residential) — — Corporate securities — — Municipal bonds — — Servicing assets — — Mortgage banking derivative assets — — Mortgage banking derivative liabilities ) — ) — Fair Value Measurements Using: As of December 31, 2014 Total Fair Value Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments Securities of government sponsored enterprises $ $ — $ $ — Mortgage-backed securities (residential) — — Collateralized mortgage obligations (residential) — — Corporate securities — — Municipal bonds — — Servicing assets — —
Schedule of identification of financial instruments measured at fair value on a recurring basis, by asset category with a summary of changes in fair value	Twelve Months Ended December 31, (Dollars in Thousands) 2015 2014 Servicing Assets: Balance at beginning of period $ $ Net realized losses in net income ) ) Net purchases, sales, and settlement Transfers in or out of Level 3 — — ​ ​ ​ ​ ​ ​ ​ ​ Balance at end period $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cumulative unrealized loss in accumulated other comprehensive income (loss) $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of notional amount and fair value of mortgage banking derivatives for the dates indicated:	As of December 31, 2015 As of December 31, 2014 (Dollars in Thousands) Notional Amount Fair Value Notional Amount Fair Value Assets: Interest rate lock commitments $ $ $ — $ — Forward sale contracts related to mortgage banking: $ $ $ — $ — Liabilities: Interest rate lock commitments $ $ ) $ — $ — Forward sale contracts related to mortgage banking: $ $ ) $ — $ —
Schedule of assets measured at estimated fair value on a non-recurring basis and the total losses resulting from these fair value adjustments	(Dollars in Thousands) As of December 31, 2015 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Net Realized Losses Collateral Dependent Impaired Loans: Commercial Real Estate $ — $ — $ $ $ ) OREO: Commercial Real Estate — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ — $ — $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2014 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Net Realized Losses Collateral Dependent Impaired Loans: Commercial Real Estate $ — $ — $ $ $ ) Residential Real Estate — — ) OREO: Commercial Real Estate — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ — $ — $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis	As of December 31, 2015 (Dollars in Thousands) Fair Value Valuation Technique Significant Unobservable Inputs Range Servicing assets $ Discounted cash flow Discount rate 4.0% - 9.3% Constant prepayment rate 7.2% - 9.0% Collateral dependent impaired loans: Commercial Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 45.7%* OREO: Commercial Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 8.0%* As of December 31, 2014 (Dollars in Thousands) Fair Value Valuation Technique Significant Unobservable Inputs Range Servicing assets $ Discounted cash flow Discount rate 4.0% - 9.3% Constant prepayment rate 8.8% - 9.4% Collateral dependent impaired loans: Commercial Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 45.6%* Residential Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 46.8%* OREO: Commercial Real Estate Sales Comparison Approach Adjustment for difference between comparable sales and expected sales amounts 23.3%* * Represents weighted average percentage
Summary of fair value estimates for financial instruments, as defined by ASC 825-10 Financial Instruments	December 31, 2015 December 31, 2014 (Dollars in Thousands) Fair Value Level Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and cash equivalents Level 1 $ $ $ $ Federal funds sold Level 1 Deposits held in other financial institutions Level 1 — — Investment securities available-for-sale Level 2 Investment securities held-to-maturity Level 2 Loans held-for-sale Level 2 Loans receivable-net Level 3 FHLB stock N/A N/A N/A Accrued interest receivable Level 2/3 Mortgage banking derivatives Level 2 — — Due from customers on acceptances Level 1 Liabilities: Non-interest-bearing deposits Level 1 $ $ $ $ Interest-bearing deposits Level 2 Junior subordinated debentures Level 2 Short-term FHLB advances Level 1 Long-term FHLB advances Level 2 Accrued interest payable Level 1/2 Mortgage banking derivatives Level 2 — — Acceptances outstanding Level 1

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Investment Holdings [Line Items]
Summary of the investment securities	December 31, 2015 (Dollars in Thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Available-for-sale: Securities of government sponsored enterprises $ $ $ ) $ Mortgage-backed securities (residential) ) Collateralized mortgage obligations (residential) ) Corporate securities — Municipal bonds — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Gross Unrecognized Gain Gross Unrecognized Loss Fair Value Held-to-Maturity: Collateralized mortgage obligations (residential) $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars in Thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Available-for-sale: Securities of government sponsored enterprises $ $ $ ) $ Mortgage-backed securities (residential) ) Collateralized mortgage obligations (residential) ) Corporate securities — Municipal bonds — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Gross Unrecognized Gain Gross Unrecognized Loss Fair Value Held-to-Maturity: Collateralized mortgage obligations (residential) $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position	Less than 12 months 12 months or longer Total December 31, 2015 (Dollars in Thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Available-for-sale: Securities of government sponsored enterprises $ $ ) $ — $ — $ $ ) Mortgage-backed securities (residential) ) — — ) Collateralized mortgage obligations (residential) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months 12 months or longer Total December 31, 2014 (Dollars in Thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Available-for-sale: Securities of government sponsored enterprises $ $ ) $ $ ) $ $ ) Mortgage-backed securities (residential) ) — — ) Collateralized mortgage obligations (residential) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amortized cost and estimated fair value of investment securities by their contractual maturities	December 31, 2015 December 31, 2014 (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale: Due in one year or less $ $ $ $ Due after one year through five years Due after five years through ten years Due after ten years ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-maturity: Due after ten years $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Mortgage-backed securities and collateralized mortgage obligations
Investment Holdings [Line Items]
Schedule of amortized cost and estimated fair value of investment securities by their contractual maturities	Mortgage-Backed Securities Collateralized Mortgage Obligations December 31, 2015 (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale: Due in one year or less $ $ $ — $ — Due after one year through five years — — Due after five years through ten years Due after ten years ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-to-maturity: Due after ten years $ — $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ — $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

LOANS RECEIVABLE, LOANS HELD-35

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2015
LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES
Summary of loans	December 31, 2015 December 31, 2014 (Dollars in Thousands) Loans Held-For-Sale Loans Receivable Loans Held for Sale Loans Receivable Construction loans $ — $ $ — $ Real estate secured loans Commercial and industrial loans Consumer loans — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Loans Allowance for loan losses — ) — ) Deferred loan fees & unearned income — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of breakdown of real estate secured loans and commercial and industrial loans for impairment and historical losses measurement	December 31, 2015 December 31, 2014 (Dollars in Thousands) Loans Held-For-Sale Loans Receivable Loans Held-For-Sale Loans Receivable Real Estate Secured Loans: Residential real estate $ $ $ $ SBA real estate Gas station — — Carwash — — Hotel/Motel — — Land — — Other — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total real estate secured $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2015 December 31, 2014 (Dollars in Thousands) Loans Held-For-Sale Loans Receivable Loans Held-For-Sale Loans Receivable Commercial & Industrial Loans: SBA commercial $ $ $ $ Other commercial — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total commercial & industrial $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of carrying amount of loans acquired through acquisitions and legacy loans	At December 31, 2015 Loans Acquired From Former: Legacy Wilshire Loans (Dollars in Thousands) Mirae Bank BankAsiana Saehan Total Construction loans $ — $ — $ — $ $ Real estate secured loans Commercial and industrial loans Consumer loans — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross loans Deferred loan fees and unearned Income — — — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans Allowance for loan losses ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loans $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-for-sale loans included above $ — $ — $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2014 Loans Acquired From Former: Legacy Wilshire Loans (Dollars in Thousands) Mirae Bank BankAsiana Saehan Total Construction loans $ — $ $ — $ $ Real estate secured loans Commercial and industrial loans Consumer loans — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross loans Deferred loan fees and unearned income — — — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans Allowance for loan losses ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loans $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held-for-sale loans included above $ — $ — $ — $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of breakdown of acquired ASC 310-30 loans by loan type	(Dollars in Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Non-ASC 310-30 loans $ $ $ ASC 310-30 loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total acquired loan balance $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of change to the discount on acquired loans	(Dollars in Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Balance at beginning of period $ $ $ Discount on loans acquired from Saehan — — Discount on loans acquired from BankAsiana — — Discount accretion income recognized ) ) ) Disposals related to charge-offs ) ) ) Disposals related to loan sales — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of breakdown of changes to the accretable portion of the discount related to acquired loans	(Dollars in Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Balance at beginning of period $ $ $ Accretable portion of discount on loans acquired from Saehan — — Accretable portion of discount on loans acquired from BankAsiana — — Discount accretion income recognized ) ) ) Disposals related to charge-offs ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of activity in the allowance for losses on unfunded loan commitments	(Dollars in Thousands) 2015 2014 2013 Balance—beginning of year $ $ $ Provision for losses on unfunded loan commitments — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance—end of year $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of roll forward of the allowance for loan losses	December 31, 2015 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance at beginning of year $ $ $ $ $ Total charge-offs — ) ) — ) Total recoveries — (Credit) provision for loan losses ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance at beginning of year $ $ $ $ $ Total charge-offs — ) ) ) ) Total recoveries — (Credit) provision for loan losses ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2013 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance at beginning of year $ $ $ $ $ Total charge-offs — ) ) ) ) Total recoveries — Provision (credit) for loan losses ) ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of breakdown of allowance by specific valuation and general valuation allowance by loan segment excluding loans held-for-sale	December 31, 2015 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Gross Loans Receivable Impaired loans $ — $ $ $ — $ Specific valuation allowance $ — $ $ $ — $ Coverage ratio % % % % % Non-impaired loans $ $ $ $ $ General valuation allowance $ $ $ $ $ Coverage ratio % % % % % Gross loans receivable $ $ $ $ $ Allowance for loan losses $ $ $ $ $ Allowance coverage ratio % % % % % December 31, 2014 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Gross Loans Receivable Impaired loans $ — $ $ $ — $ Specific valuation allowance $ — $ $ $ — $ Coverage ratio % % % % % Non-impaired loans $ $ $ $ $ General valuation allowance $ $ $ $ $ Coverage ratio % % % % % Gross loans receivable $ $ $ $ $ Allowance for loan losses $ $ $ $ $ Allowance coverage ratio % % % % % December 31, 2013 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Impaired loans $ $ $ $ — $ Specific valuation allowance $ — $ $ $ — $ Coverage ratio % % % % % Non-impaired loans $ $ $ $ $ General valuation allowance $ $ $ $ $ Coverage ratio % % % % % Gross loans receivable $ $ $ $ $ Allowance for loan losses $ $ $ $ $ Allowance coverage ratio % % % % %
Schedule of breakdown of loan balances for loans acquired with deteriorated credit quality	December 31, 2015 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance of Loans Acquired With Deteriorated Credit Quality $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Allowance for Loans Acquired With Deteriorated Credit Quality $ — $ — $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars in Thousands) Construction Loans Real Estate Secured Loans Commercial & Industrial Loans Consumer Loans Total Balance of Loans Acquired With Deteriorated Credit Quality $ — $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Allowance for Loans Acquired With Deteriorated Credit Quality $ — $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of impaired loans at their recorded investment (or net principal balance) with and without specific reserves	Balance For Year Ended (Dollars in Thousands) December 31, 2015 December 31, 2014 With Specific Reserves Without Charge-Offs $ $ With Charge-Offs Without Specific Reserves Without Charge-Offs With Charge-Offs ​ ​ ​ ​ ​ ​ ​ ​ Total Impaired Loans Allowance on Impaired Loans ) ) ​ ​ ​ ​ ​ ​ ​ ​ Impaired Loans Net of Allowance* $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * Balances net of SBA guaranteed portions totaled $52.0 million and $65.6 million at December 31, 2015 and December 31, 2014, respectively.
Schedule of impairment balances with specific reserves and those without specific reserves by loan class	December 31, 2015 December 31, 2014 (Dollars In Thousands) Balance Related Allowance Average Balance Balance Related Allowance Average Balance With Specific Reserves Construction $ — $ — $ — $ — $ — $ — Real Estate Secured: Residential Real Estate — — — SBA Real Estate Gas Station Carwash — — — — — — Hotel/Motel — — — Land — — — — — — Other Commercial & Industrial: SBA Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total With Related Allowance Without Specific Reserves Construction — — — — — — Real Estate Secured: Residential Real Estate — — SBA Real Estate — — Gas Station — — Carwash — — Hotel/Motel — — Land — — — — Other — — Commercial & Industrial: SBA Commercial — — Commercial — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Without Related Allowance — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Impaired Loans $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of TDR balances	(Dollars In Thousands, Net of SBA Guarantee) December 31, 2015 December 31, 2014 Real Estate Secured $ $ Commercial & Industrial ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of total recorded investment in TDR loans by types of concessions made and loan segment	December 31, 2015 (Dollars In Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total* Real Estate Secured $ $ $ — $ Commercial & Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars In Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total* Real Estate Secured $ $ $ $ Commercial & Industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * SBA guaranteed portions totaled $2.4 million and $1.6 million, at December 31, 2015 and December 31, 2014, respectively.
Schedule of the roll-forward of TDR loans with addition and reductions	(Dollars in Thousands, Net of SBA Guarantee) December 31, 2015 December 31, 2014 Balance at Beginning of Period $ $ New TDR Loans Added Reductions Due to Sales ) ) TDR Loans Paid Off ) ) Reductions Due to Charge-Offs ) ) Other Changes (Payments, Amortization, & Other) ) ) ​ ​ ​ ​ ​ ​ ​ ​ Balance at End of Period $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of the pre-modification and post-modification balances and types of concessions provided for new TDR loans modified	December 31, 2015 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ — $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ — $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2013 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDR Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of balance of TDRs and TDRs for which there were subsequent payment defaults TDRs by loan type	TDRs With Payment Defaults During the Year Ended December 31, 2015 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ — $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ — $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TDRs With Payment Defaults During the Year Ended December 31, 2014 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ — $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ — $ $ $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TDRs With Payment Defaults During the Year Ended December 31, 2013 (Dollars in Thousands, Net of SBA Guarantee) Balance Term/Maturity Interest Rate Total Pre-Modification Balance: Real Estate Secured $ — $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-Modification Balance: Real Estate Secured $ — $ $ — $ Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Loans: Real Estate Secured — — Commercial & Industrial — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total TDRs Defaulted Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of non-accrual loans and loans 90 days or more past due and still accruing	December 31, 2015 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) Total Non-Accrual Loans* 90 Days or More Past Due and Still Accruing Total Non-Performing Loans Legacy Wilshire : Construction $ — $ — $ — Real Estate Secured: Residential Real Estate — SBA Real Estate — Gas Station — — — Carwash — Hotel/Motel — Land — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans — Acquired Loans: Construction — — — Real Estate Secured: Residential Real Estate — — — SBA Real Estate — Gas Station — — — Carwash — — — Hotel/Motel — — — Land — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) Total Non-Accrual Loans* 90 Days or More Past Due and Still Accruing Total Non-Performing Loans Legacy Wilshire : Construction $ — $ — $ — Real Estate Secured: Residential Real Estate — SBA Real Estate — Gas Station — Carwash — Hotel/Motel — Land — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans — Acquired Loans: Construction — — — Real Estate Secured: Residential Real Estate — SBA Real Estate — Gas Station — Carwash — — — Hotel/Motel — Land — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * Balances are net of SBA guaranteed portions totaling $5.0 million and $4.1 million at December 31, 2015 and December 31, 2014, respectively.
Schedule of delinquent loans, including non-accrual loans 30 days past due or greater by loan class	December 31, 2015 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total Past Due* Legacy Wilshire : Construction $ — $ — $ — $ — Real Estate Secured: Residential Real Estate — — SBA Real Estate Gas Station — — — — Carwash — — Hotel/Motel — — Land — — — — Other — — Commercial & Industrial: SBA Commercial — Commercial — Consumer — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans Acquired Loans : Construction — — — — Real Estate Secured: Residential Real Estate — — — — SBA Real Estate Gas Station — — — — Carwash — — — — Hotel/Motel — — — — Land — — — — Other — Commercial & Industrial: SBA Commercial Commercial — Consumer — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Delinquencies $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Accrual Loans 30 Days or More Past Due: Legacy Loans $ $ $ $ Acquired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Accrual Loans Listed Above** $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total Past Due* Legacy Wilshire : Construction $ — $ — $ — $ — Real Estate Secured: Residential Real Estate SBA Real Estate Gas Station — — — — Carwash — — Hotel/Motel — — Other Commercial & Industrial: SBA Commercial — Commercial Consumer — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans Acquired Loans : Construction — — — — Real Estate Secured: Residential Real Estate — — SBA Real Estate — Gas Station — — — — Carwash — — — — Hotel/Motel — — Other Commercial & Industrial: SBA Commercial — Commercial Consumer — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Delinquencies $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Accrual Loans 30 Days or More Past Due: Legacy Loans $ $ $ $ Acquired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Accrual Loans Listed Above** $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * Balances are net of SBA guaranteed portions totaling $3.5 million and $7.7 million, at December 31, 2015 and December 31, 2014, respectively. ** Non-accrual loans less than 30 days past due totaling $10.7 million and $18.1 million, at December 31, 2015 and December 31, 2014, respectively, are not included in the totals for delinquent loans listed above as these loans are not considered delinquent.
Schedule of loans classified as special mention, substandard and doubtful presented by classes of loans	December 31, 2015 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) Special Mention Substandard Doubtful Total* Legacy Loans : Construction $ — $ — $ — $ — Real Estate Secured: Residential Real Estate — SBA Real Estate — Gas Station — Carwash — Hotel/Motel — Land — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans — Acquired Loans : Construction — — — — Real Estate Secured: Residential Real Estate — — — — SBA Real Estate Gas Station — — Carwash — — Hotel/Motel — Land — — — — Other — Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (Dollars In Thousands) (Balances are net of SBA guaranteed portions) Special Mention Substandard Doubtful Total* Legacy Loans : Construction $ — $ — $ — $ — Real Estate Secured: Residential Real Estate — SBA Real Estate Gas Station — Carwash Hotel/Motel Land — — Other Commercial & Industrial: SBA Commercial — Other Commercial — Consumer — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Legacy Loans Acquired Loans : Construction — — — — Real Estate Secured: Residential Real Estate — — SBA Real Estate Gas Station — Carwash — — Hotel/Motel — — Land — — — — Other Commercial & Industrial: SBA Commercial — Other Commercial Consumer — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Acquired Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * Balances are net of SBA guaranteed portions totaling $6.5 million at both December 31, 2015 and December 31, 2014.
Schedule of loans to officers and directors of the Company and their affiliates	(Dollars in Thousands) December 31, 2015 December 31, 2014 Outstanding balance—beginning of year $ $ Credit granted, including renewals — Repayments ) ) Adjustment due to change in affiliation — ) ​ ​ ​ ​ ​ ​ ​ ​ Outstanding balance—end of year $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

LOAN SERVICING ASSETS (Tables)

LOAN SERVICING ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
LOAN SERVICING ASSETS
Summary of activity for servicing assets in the consolidated statements of financial condition	(Dollars in Thousands) 2015 2014 Beginning of year $ $ Additions through originations of servicing assets Amortization of servicing assets ) ) Changes in fair value ) ) ​ ​ ​ ​ ​ ​ ​ ​ End of year $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of weighted average discount rates and constant prepayment rates of the Company's servicing SBA loan portfolio	As of December 31, 2015 2014 Average Discount Rate: % % Constant Prepayment Rate: % % Weighted Average Life: 18 Years 17 Years

BANK PREMISES AND EQUIPMENT (Ta

BANK PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
BANK PREMISES AND EQUIPMENT
Summary of the major components of Bank premises and equipment	(Dollars in Thousands) 2015 2014 Land $ $ Building Furniture and equipment Leasehold improvements ​ ​ ​ ​ ​ ​ ​ ​ Total Accumulated depreciation and amortization ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total net of depreciation and amortization $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2015
DEPOSITS.
Summary of scheduled maturities of time deposits	(Dollars in Thousands) December 31, 2015 Time Deposit Maturities in 2016 $ Time Deposit Maturities in 2017 Time Deposit Maturities in 2018 Time Deposit Maturities in 2019 Time Deposit Maturities in 2020 — Time Deposit Maturities after 2020 ​ ​ ​ ​ ​ Total Time Deposit Maturities $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of scheduled maturities of total time deposits in denominations of $100,000 or greater	Maturity of Time Deposits in Denominations of: (Dollars In Thousands) $100,000 or Greater $250,000 or Greater Three months or less $ $ Over three months through six months Over six months through twelve months Over twelve months ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES
Schedule of future commitments and contingencies related to lease payments and investments in affordable housing partnerships	(Dollars in Thousands) Year Investments Affordable Housing Partnerships Lease Payments 2016 $ $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FHLB BORROWINGS AND JUNIOR SU40

FHLB BORROWINGS AND JUNIOR SUBORDINATED DEBENTURES (Tables)	12 Months Ended
	Dec. 31, 2015
FHLB BORROWINGS AND JUNIOR SUBORDINATED DEBENTURES
Schedule of outstanding advances from FHLB	The following table shows the Company's outstanding advances from FHLB at December 31, 2015: (Dollars in Thousands) Balance Current Rate Interest Rate Issue Date Maturity Date Type of Credit Advance 1 * $ % 3 Month LIBOR + 1.2425% 09/22/2014 09/23/2019 Standard Credit Advance 2 % Fixed Rate 09/22/2015 09/23/2019 Standard Credit Advance 3 % Variable 12/29/2015 Open Standard Credit Advance 4 % Variable 12/31/2015 01/04/2016 Securities Backed ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * The advance has an interest rate adjustment cap of 1.00% during the term of the advance.
Summary of information relating to the FHLB advances	Year Ended December 31, (Dollars in Thousands) 2015 2014 2013 Average balance during the year $ $ $ Average interest rate during the year % % % Maximum month-end balance during the year $ $ $ Loans collateralizing the agreements at year-end $ $ $ Securities collateralizing the agreements at year-end $ $ — $ —
Summary of outstanding subordinated debentures	The following table summarizes the Company's outstanding subordinated debentures at December 31, 2015: (Dollars in Thousands) Issued Date Carrying Amount Interest Rate Current Rate Callable Date Maturity Date Wilshire Statutory Trust II 03/17/2005 $ 3 Month LIBOR + 1.79% % 03/17/2016 1 03/17/2035 Wilshire Statutory Trust III 09/15/2005 3 Month LIBOR + 1.40% % 03/15/2016 2 09/15/2035 Wilshire Statutory Trust IV 07/10/2007 3 Month LIBOR + 1.38% % 03/15/2016 3 09/15/2037 Saehan Capital Trust I 03/30/2007 3 Month LIBOR + 1.62% % 03/30/2016 4 03/30/2037 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 The Company has the right to redeem the $20.6 million debentures, in whole or in part, on any March 17, June 17, September 17, or December 17. The next callable date as of this Report is March 17, 2016. 2 The Company has the right to redeem the $15.5 million debentures, in whole or in part, on any March 15, June 15, September 15, or December 15. The next callable date as of this Report is March 15, 2016. 3 The Company has the right to redeem the $25.8 million debentures, in whole or in part, on any March 15, June 15, September 15, or December 15. The next callable date as of this Report is March 15, 2016. 4 The Company has the right to redeem the $20.6 million debentures, in whole or in part, on any March 30, June 30, September 30, or December 30. The next callable date as of this Report is March 30, 2016.

STOCK OPTION AND RESTRICTED S41

STOCK OPTION AND RESTRICTED STOCK PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of assumptions used to calculate estimated weighted average fair value of options granted on the date of the option grants	2015 2014 2013 Expected life 3.2 - 6.5 years 3.0 - 3.0 years 2.2 - 3.0 years Expected volatility 28.1% - 47.6 % 37.1% - 46.8 % 46.9% - 50.7 % Expected dividend yield % % % Risk-free interest rate % % %
Schedule of activity in the stock option plan	2015 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (Dollars in Thousands) Outstanding at January 1, 2015 $ Granted Exercised ) Forfeited ) Expired ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at December 31, 2015 $ 4.50 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested or expected to vest at December 31, 2015 1 $ 4.48 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Option exercisable at December 31, 2015 $ 4.31 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Includes vested shares and non-vested shares after forfeiture rate is applied
Summary of information about stock options outstanding	Stock Options Outstanding Stock Options Exercisable Range of Exercise Prices Number Outstanding Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life Number Exercisable Weighted- Average Exercise Price $2.00 - $4.99 $ 6.06 years $ $5.00 - $7.99 1.58 years $8.00 - $10.99 5.46 years $11.00 - $13.99 3.25 years ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at end of year $ 4.50 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of activities related to stock options	(Dollars in Thousands, Except Weighted Average Fair Value Price) 2015 2014 2013 Total intrinsic value of options exercised $ $ $ Total fair value of options vested $ $ $ Weighted average fair value of options granted during the year $ $ $
Stock options
Summary of the status and changes of the Company's non-vested stock options related to the Company's stock option plan	Shares Weighted Average Grant Date Fair Value Non-vested at January 1, 2015 $ Granted Vested ) Forfeitures on unvested shares ) ​ ​ ​ ​ ​ ​ ​ ​ Non-vested at December 31, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Restricted Stock
Summary of the status and changes of the Company's non-vested stock options related to the Company's stock option plan	Shares Weighted Average Grant Date Fair Value Non-vested at January 1, 2015 $ Granted Vested ) Forfeitures on unvested shares ) Stock Dividends N/A ​ ​ ​ ​ ​ ​ ​ ​ Non-vested at December 31, 2015 N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
INCOME TAXES
Summary of income tax expense (benefit)	(Dollars in Thousands) Current Deferred Total 2015: Federal $ $ ) $ State ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014: Federal $ $ $ State ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2013: Federal $ $ ) $ State ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of the income taxes receivable	(Dollars in Thousands) 2015 2014 2013 Current income taxes receivable (payable): Federal $ $ $ State ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total income taxes receivable (payable) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of the cumulative temporary differences, as tax affected	2015 (Dollars in Thousands) Federal State Total Deferred tax assets: Bad debt reserve in excess of tax bad debt deduction $ $ $ Tax depreciation less than the financial statement depreciation Net operating loss OREO reserve ASC 718-10 non-qualified stock options Business combinations Charitable contributions Restricted stocks CA Enterprise Zone tax credits ) Accrued professional fees Others ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: Prepaid expenses ) ) ) Deferred loan origination costs ) ) ) Unrealized gain on loans held-for-sale ) ) ) Unrealized gain on securities available-for-sale ) ) ) Intangible related to business combination ) ) ) Gain from acquisition of Mirae Bank ) ) ) ASC 860-50 adjustment ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax liabilities ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 (Dollars in Thousands) Federal State Total Deferred tax assets: Bad debt reserve in excess of tax bad debt deduction $ $ $ Tax depreciation less than the financial statement depreciation Net operating loss OREO reserve ASC 718-10 non-qualified stock options Business combinations Charitable contributions Restricted stocks CA Enterprise Zone tax credits ) Accrued professional fees Others ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: Prepaid expenses ) ) ) Deferred loan origination costs ) ) ) Unrealized gain on loans held-for-sale ) ) ) Unrealized gain on securities available-for-sale ) ) ) Intangible related to business combination ) ) ) Gain from acquisition of Mirae Bank ) ) ) ASC 860-50 adjustment ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax liabilities ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of the difference between the federal statutory income tax rate and the effective tax rate	2015 2014 2013 Statutory tax rate % % % State taxes—net of California Enterprise Zone tax credit % % % Valuation Allowance % % % Municipal Bonds –1 % –1 % –1 % Tax credits –6 % –6 % –7 % Other items % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of unrecognized tax benefit	(Dollars in Thousands) 2015 2014 2013 Unrecognized tax benefit: Balance, beginning of the year $ $ $ Change in related to current year tax positions — — Change in related to prior year tax positions ) Change related to acquisitions of BankAsiana and Saehan — — Settlement with tax authorities ) ) ) Expiration of the statute of limitations for assessment of taxes — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of the year $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

GOODWILL & OTHER INTANGIBLE A43

GOODWILL & OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
GOODWILL & OTHER INTANGIBLE ASSETS
Schedule of gross carrying amount and accumulated amortization for core deposit intangibles and unfavorable lease intangibles that resulted from the entity's previous acquisitions	2015 2014 (Dollars in Thousands) Original Amount Accumulated Amortization Carrying Balance Original Amount Accumulated Amortization Carrying Balance Core deposits intangibles related to: Liberty Bank of New York $ $ ) $ $ $ ) $ Mirae Bank ) ) BankAsiana ) ) Saehan ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total core deposits intangibles $ $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2015 2014 (Dollars in Thousands) Original Amount Accumulated Amortization Carrying Balance Original Amount Accumulated Amortization Carrying Balance Lease intangibles related to: BankAsiana $ ) $ $ ) $ ) $ $ ) Saehan ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease intangibles $ ) $ $ ) $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amortization for intangible assets for the next five years	(Dollars in Thousands) 2016 2017 2018 2019 2020 Core deposits intangibles amortization $ $ $ $ $ Unfavorable lease intangibles amortization $ $ $ $ — $ —

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2015
REGULATORY MATTERS
Schedule of the Company's and Bank's actual capital amounts and ratios	Actual Required For Capital Adequacy Purposes* Required To Be Well Capitalized Under Prompt Corrective Action Provisions* (Dollars In Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015 Total Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % $ N/A Wilshire Bank $ % $  % $ % Tier 1 Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % $ N/A Wilshire Bank $ % $  % $ % Tier 1 Common Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % $ N/A Wilshire Bank $ % $  % $ % Tier 1 Capital (to quarterly average assets): Wilshire Bancorp, Inc. $ % $  % $ N/A Wilshire Bank $ % $  % $ % As of December 31, 2014 Total Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % N/A N/A Wilshire Bank $ % $  % $  % Tier 1 Capital (to risk-weighted assets): Wilshire Bancorp, Inc. $ % $  % N/A N/A Wilshire Bank $ % $  % $  % Tier 1 Capital (to quarterly average assets): Wilshire Bancorp, Inc. $ % $  % N/A N/A Wilshire Bank $ % $  % $  % * BASEL III revised the capital adequacy requirements and the Prompt Corrective Action Framework effective January 1, 2015 for the Company and Bank

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note
Schedule of reconciliation of the basic and diluted per common share computations	(Dollars in Thousands, Except per Share Data) 2015 2014 2013 Numerator: Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: Denominator for basic earnings per share: Weighted-average shares Effect of dilutive securities: Stock option dilution 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for diluted earnings per share: Adjusted weighted-average shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 Excludes 122,451 and 275,800 in stock options outstanding at December 31, 2015 and 2014, respectively, for which the exercise price exceeded the average market price of the Company's common stock. Therefore, these stock options were deemed anti-dilutive, and were excluded from the diluted earnings per share calculation.

OTHER COMPREHENSIVE INCOME (L46

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2015
OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of changes to accumulated other comprehensive income by components	2015 (Dollars in Thousands) Net Unrealized Gains and Losses on AFS Securities Net Unrealized Gains on Interest- Only Strip BOLI Unrecognized Prior Service Costs Total Balance at beginning of year $ $ $ ) $ Other comprehensive income (loss) before reclassification ) ) ) Reclassifications from other comprehensive income — — — — Tax effect of current period changes — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period changes net of taxes ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 (Dollars in Thousands) Net Unrealized Gains and Losses on AFS Securities Net Unrealized Gains on Interest- Only Strip BOLI Unrecognized Prior Service Costs Total Balance at beginning of year $ $ $ ) $ ) Other comprehensive income (loss) before reclassification ) Reclassifications from other comprehensive income — — — — Tax effect of current period changes ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period changes net of taxes ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2013 (Dollars in Thousands) Net Unrealized Gains and Losses on AFS Securities Net Unrealized Gains on Interest- Only Strip BOLI Unrecognized Prior Service Costs Total Balance at beginning of year $ $ $ ) $ Other comprehensive (loss) income before reclassification ) ) ) Reclassifications from other comprehensive income ) — — ) Tax effect of current period changes ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period changes net of taxes ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

CONDENSED FINANCIAL STATEMENT47

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables)	12 Months Ended
	Dec. 31, 2015
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY
Schedule of financial condition	(Dollars in Thousands) December 31, 2015 December 31, 2014 Assets: Cash and cash equivalents $ $ Investment in subsidiary Prepaid income taxes Other assets ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: Other borrowings $ $ Accounts payable and other liabilities Cash dividend payable ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities Shareholders' equity ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of operations	(Dollars in Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Interest expense $ $ $ Other operating expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total expense Other income Distributed earnings of subsidiary — Undistributed earnings (loss) of subsidiary ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings before income tax benefit Income tax benefit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of cash flows	(Dollars In Thousands) December 31, 2015 December 31, 2014 December 31, 2013 Cash flows from operating activities: Net income $ $ $ Adjustments to reconcile net income to net cash provided by (used in) operating activities: Net change in accounts payable and other liabilities — Share-based compensation expense Net change in prepaid income taxes ) Net change in other assets ) ) Undistributed (earnings) loss of subsidiary ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided (used in) by operating activities ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: (Investments in) payments from subsidiary ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash (used in) provided by investing activities ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Proceeds from exercise of stock options Tax benefit from exercise of stock options — Cash paid for stock repurchases — — ) Payments of cash dividend on common stock ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net change in cash and cash equivalents ) Cash and cash equivalents, beginning of year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents, end of year $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

QUARTERLY FINANCIAL DATA (UNA48

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2015
QUARTERLY FINANCIAL DATA (UNAUDITED)
Summary of quarterly financial data	Three Months Ended, 2015 (Dollars in Thousands, Except Share Data) March 31, June 30, September 30, December 31, YTD Total Net interest income $ $ $ $ $ Provision for loan losses and loan commitments — — — Non-Interest Income Non-Interest Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income Before Income Taxes Income Tax Provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share* $ $ $ $ $ Diluted earnings per common share* $ $ $ $ $ 2014 Net interest income $ $ $ $ $ Provision for loan losses and loan commitments — — — — — Non-Interest Income Non-Interest Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income Before Income Taxes Income Tax Provision ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share * $ $ $ $ $ Diluted earnings per common share $ $ $ $ $ * Quarterly earnings per share do not add up to the year-to-date total due to rounding

SUMMARY OF SIGNIFICANT ACCOUN49

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investment Securities and Loans (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)
Investment Securities
Trading Securities | $	$ 0	$ 0
Acquired Loans
Acquired loans segmented into number of groups	2
Allowance for Loan Losses and Loan Commitments
Number of components of allowance for loan losses	2
Period of utilization rate and historical loss rates used for breaking down commitments by loan type	3 months
Minimum
Loans
Delinquency period of loans with respect to interest or principal, for discontinuance of accrual of interest income	90 days

SUMMARY OF SIGNIFICANT ACCOUN50

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Bank Premises and Equipment (Details)	12 Months Ended
	Dec. 31, 2015
Minimum
Bank Premises and Equipment
Estimated useful lives of the related assets, building, furniture, fixtures and equipment	3 years
Maximum
Bank Premises and Equipment
Estimated useful lives of the related assets, building, furniture, fixtures and equipment	30 years

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Bank Owned Life Insurance Obligation (Details) - Other Postretirement Benefit Plan, Defined Benefit [Member] - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Bank Owned Life Insurance ("BOLI") Obligation
Increase in BOLI expense	$ 272,000	$ 155,000	$ 563,000
Accrued bank owned life insurance included in other liabilities	$ 4,900,000	$ 4,700,000

SUMMARY OF SIGNIFICANT ACCOUN52

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Acquisitions (Details)	12 Months Ended
	Dec. 31, 2015
Mirae Bank
Acquisitions
Business Acquisition Loss Sharing Agreement Additional Term For Loss Recoveries On Loans	3 years

SUMMARY OF SIGNIFICANT ACCOUN53

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Period of cumulative positive pre-tax income	3 years
Period of positive earnings	4 years 9 months
Deferred tax assets valuation allowance	$ 0	$ 0
Increase in the liability for unrecognized tax benefit related to prior year tax positions	5,000		$ 2,702,000
Decrease in liability from a settlement with the IRS	1,192,000	$ 40,000	$ 1,962,000
Total unrecognized tax benefit that would affect the effective rate if recognized	483,000
Decrease in liabilities for an unrecognized tax benefit	$ 483,000

MERGERS AND ACQUISITIONS - Prop

MERGERS AND ACQUISITIONS - Proposed Merger with BBCN Bancorp Inc (Details)	3 Months Ended
	Dec. 31, 2015USD ($)
BBCN Bancorp Inc. | Wilshire Bancorp, Inc.
Business Acquisition [Line Items]
Merger related costs	$ 994,000

MERGERS AND ACQUISITIONS - Bank

MERGERS AND ACQUISITIONS - Bank of Manhattan, Bank Asiana And Saehan Bancorp (Details)	Nov. 20, 2013USD ($)item$ / sharesshares	Oct. 01, 2013USD ($)item$ / shares	Mar. 31, 2015USD ($)employeeitem	Dec. 31, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Acquisitions
Total value of shares issued pursuant to acquisition				$ 67,780,000
Goodwill					$ 67,473,000	$ 67,473,000
Bank Asiana
Acquisitions
Purchase consideration		$ 32,500,000
Common share price paid (in dollars per share) | $ / shares		$ 14.25
Number of branch offices operated | item		3
Total fair value of assets acquired		$ 203,900,000
Goodwill		$ 10,800,000
Bank Asiana | NEW JERSEY
Acquisitions
Number of branch offices operated | item		2
Bank Asiana | NEW YORK
Acquisitions
Number of branch offices operated | item		1
Saehan
Acquisitions
Purchase consideration	$ 118,200,000
Total fair value of assets acquired	589,100,000
Goodwill	$ 50,000,000
Saehan | Former Shareholders
Acquisitions
Common share price paid (in dollars per share) | $ / shares	$ 9.40
Number of shares issued pursuant to acquisition | shares	7,200,000
Total value of shares issued pursuant to acquisition	$ 67,800,000
Saehan | Shareholders
Acquisitions
Cash payable for each share of acquiree (in dollars per share) | $ / shares	$ 0.4247
Shares of common stock issuable for each share of acquiree | shares	0.06080
Cash payable for each unit issued or issuable of acquiree (in dollars per share) | $ / shares	$ 0.21235
Shares of common stock issuable for each unit issued or issuable of acquiree | shares	0.03040
Total cash consideration paid	$ 50,400,000
Saehan | Southern California
Acquisitions
Number of branch offices operated | item	10
Saehan | New York and Washington
Acquisitions
Number of LPO offices operated | item	2
Bank Asiana and Saehan
Acquisitions
Goodwill					$ 60,800,000
Bank of Manhattan's Mortgage Lending Division
Acquisitions
Number Of Employees In The Acquired Division | employee			30
Number Of Locations Operated By Acquired Division | item			3
Purchase consideration			$ 20,000

MERGERS AND ACQUISITIONS - Mira

MERGERS AND ACQUISITIONS - Mirae Bank (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
FDIC indemnification assets
Other write-downs	$ (734)
Mirae Bank
FDIC indemnification assets
Beginning Balance	4,856	$ 5,446
Additions resulting from charge-offs or impairment	143	3,021
Deletions from loans transferred to OREO		(48)
Payments and reimbursement received from the FDIC	(2,618)	(1,792)
Write-downs from impairment valuations	(597)
Write-downs resulting from loans sold or paid-off	$ (1,050)	(1,771)
Ending Balance		$ 4,856

FAIR VALUE MEASUREMENTS FOR F57

FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	$ 535,524	$ 388,367
Servicing assets	19,894	18,031	$ 16,108
Securities of government sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	73,835	100,362
Mortgage-backed securities (residential)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	171,698	83,367
Collateralized mortgage obligations (residential)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	251,395	163,079
Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	15,260	15,514
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	23,336	26,045
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Servicing assets	19,894	18,031
Fair Value, Measurements, Recurring | Securities of government sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	73,835	100,362
Fair Value, Measurements, Recurring | Mortgage-backed securities (residential)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	171,698	83,367
Fair Value, Measurements, Recurring | Collateralized mortgage obligations (residential)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	251,395	163,079
Fair Value, Measurements, Recurring | Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	15,260	15,514
Fair Value, Measurements, Recurring | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	23,336	26,045
Fair Value, Measurements, Recurring | Mortgage banking derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Asset, Fair value	222
Liability, Fair value	(16)
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Securities of government sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	73,835	100,362
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Mortgage-backed securities (residential)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	171,698	83,367
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Collateralized mortgage obligations (residential)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	251,395	163,079
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	15,260	15,514
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments	23,336	26,045
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Mortgage banking derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Asset, Fair value	222
Liability, Fair value	(16)
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Servicing assets	$ 19,894	$ 18,031

FAIR VALUE MEASUREMENTS FOR F58

FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES - Summary of changes in Level 3 Fair Value Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary of changes in fair value by asset category
Transfer of financial assets from level 1 to level 2	$ 0	$ 0
Transfer of financial assets from level 2 to level 1	0	0
Transfer of financial liabilities from level 1 to level 2	0	0
Transfer of financial liabilities from level 2 to level 1	0	0
Servicing Asset
Summary of changes in fair value by asset category
Balance at the beginning of the period	18,031	16,108
Net realized losses in net income	(1,166)	(1,062)
Net Purchases, Sales and Settlements	3,029	2,985
Balance at the end of the period	$ 19,894	$ 18,031

FAIR VALUE MEASUREMENTS FOR F59

FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES - Mortgage Banking Derivatives (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Forward sale contracts related to mortgage banking
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Commitments for the future delivery of residential mortgage loans	$ 17,100
Asset, Fair value	25
Liability, Fair value	(13)
Asset, Notional Amount	9,682
Liabilities, Notional Amount	7,421
Interest rate lock commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Residential mortgage loans funded with interest rate lock commitments	35,700
Asset, Fair value	197
Liability, Fair value	(3)
Asset, Notional Amount	15,481
Liabilities, Notional Amount	$ 1,622

FAIR VALUE MEASUREMENTS FOR F60

FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES - Fair Value Assets Measured On Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Aggregated balance of assets measured at estimated fair value on a non-recurring basis
Total	$ 4,366	$ 9,599
Net Realized Losses	(593)	(4,283)
Collateral Dependent Impaired Financing Receivable | Commercial Real Estate.
Aggregated balance of assets measured at estimated fair value on a non-recurring basis
Total	4,219	6,563
Net Realized Losses	(405)	(3,698)
Collateral Dependent Impaired Financing Receivable | Residential Real Estate.
Aggregated balance of assets measured at estimated fair value on a non-recurring basis
Total		266
Net Realized Losses		(179)
Other Real Estate Owned | Commercial Real Estate.
Aggregated balance of assets measured at estimated fair value on a non-recurring basis
Total	147	2,770
Net Realized Losses	(188)	(406)
Fair Value, Inputs, Level 3
Aggregated balance of assets measured at estimated fair value on a non-recurring basis
Total	4,366	9,599
Fair Value, Inputs, Level 3 | Collateral Dependent Impaired Financing Receivable | Commercial Real Estate.
Aggregated balance of assets measured at estimated fair value on a non-recurring basis
Total	4,219	6,563
Fair Value, Inputs, Level 3 | Collateral Dependent Impaired Financing Receivable | Residential Real Estate.
Aggregated balance of assets measured at estimated fair value on a non-recurring basis
Total		266
Fair Value, Inputs, Level 3 | Other Real Estate Owned | Commercial Real Estate.
Aggregated balance of assets measured at estimated fair value on a non-recurring basis
Total	$ 147	$ 2,770

FAIR VALUE MEASUREMENTS FOR F61

FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES - Fair Value Inputs Assets Quantitative Information (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Servicing Asset | Discounted Cash Flow Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Fair value of assets	$ 19,894	$ 18,031
Servicing Asset | Minimum | Discounted Cash Flow Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Discount rate (as a percent)	4.00%	4.00%
Constant prepayment rate (as a percent)	7.20%	8.80%
Servicing Asset | Maximum | Discounted Cash Flow Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Discount rate (as a percent)	9.30%	9.30%
Constant prepayment rate (as a percent)	9.00%	9.40%
Commercial Real Estate | Sales Comparison Approach Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Fair value of assets	$ 4,219	$ 6,563
Commercial Real Estate | Weighted Average | Sales Comparison Approach Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Adjustment for difference between comparable sales and expected sales amounts (as a percent)	45.70%	45.60%
Residential Real Estate | Sales Comparison Approach Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Fair value of assets		$ 266
Residential Real Estate | Weighted Average | Sales Comparison Approach Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Adjustment for difference between comparable sales and expected sales amounts (as a percent)		46.80%
Other Commercial Real Estate Owned | Sales Comparison Approach Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Fair value of assets	$ 147	$ 2,770
Other Commercial Real Estate Owned | Weighted Average | Sales Comparison Approach Valuation Technique
Quantitative information about the significant unobservable inputs (level 3) used in the fair value measurement for asset and liabilities measured on a recurring and non-recurring basis
Adjustment for difference between comparable sales and expected sales amounts (as a percent)	8.00%	23.30%

FAIR VALUE MEASUREMENTS FOR F62

FAIR VALUE MEASUREMENTS FOR FINANCIAL ASSETS AND LIABILITIES - Fair Value By Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets:
Transfer of financial assets from level 1 to level 2	$ 0	$ 0
Transfer of financial assets from level 2 to level 1	0	0
Deposits held in other financial institutions		8,000
Investment securities available-for-sale	535,524	388,367
Investment securities held-to-maturity	22	28
FHLB stock	16,539	16,539
Due from customers on acceptances	7,250	5,611
Liabilities:
Non-interest bearing deposits	1,088,436	915,413
Junior subordinated debentures	72,016	71,779
Long-term FHLB advances	220,000	150,000
Acceptances outstanding	7,250	5,611
Carrying Amount
Assets:
FHLB stock	16,539	16,539
Carrying Amount | Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	118,089	233,699
Federal funds sold	104	254
Deposits held in other financial institutions		8,000
Due from customers on acceptances	7,250	5,611
Liabilities:
Non-interest bearing deposits	1,088,436	915,413
Short-term FHLB advances	70,000	100,000
Acceptances outstanding	7,250	5,611
Carrying Amount | Fair Value, Inputs, Level 2
Assets:
Investment securities available-for-sale	535,524	388,367
Investment securities held-to-maturity	21	26
Loans held-for-sale	25,223	11,783
Liabilities:
Interest bearing deposits	2,751,440	2,485,846
Junior subordinated debentures	72,016	71,779
Long-term FHLB advances	150,000	50,000
Mortgage banking derivative liabilities	16
Carrying Amount | Fair Value, Inputs, Level 3
Assets:
Loans receivable-net	3,767,299	3,259,673
Mortgage banking derivative assets	222
Carrying Amount | Fair Value Inputs Level 1 And 2
Liabilities:
Accrued interest payable	2,105	2,228
Carrying Amount | Fair Value Inputs Level 2 And 3
Assets:
Accrued interest receivable	9,226	8,792
Estimated Fair Value | Fair Value, Inputs, Level 1
Assets:
Cash and cash equivalents	118,089	233,699
Federal funds sold	104	254
Deposits held in other financial institutions		8,000
Due from customers on acceptances	7,250	5,611
Liabilities:
Non-interest bearing deposits	1,088,436	915,413
Short-term FHLB advances	70,000	100,000
Acceptances outstanding	7,250	5,611
Estimated Fair Value | Fair Value, Inputs, Level 2
Assets:
Investment securities available-for-sale	535,524	388,367
Investment securities held-to-maturity	22	28
Loans held-for-sale	26,015	12,965
Liabilities:
Interest bearing deposits	2,703,476	2,454,488
Junior subordinated debentures	65,722	65,834
Long-term FHLB advances	152,359	48,698
Mortgage banking derivative liabilities	16
Estimated Fair Value | Fair Value, Inputs, Level 3
Assets:
Loans receivable-net	3,781,007	3,270,398
Mortgage banking derivative assets	222
Estimated Fair Value | Fair Value Inputs Level 1 And 2
Liabilities:
Accrued interest payable	2,105	2,228
Estimated Fair Value | Fair Value Inputs Level 2 And 3
Assets:
Accrued interest receivable	$ 9,226	$ 8,792

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Investment Securities (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item	Dec. 31, 2013USD ($)item
Available-for-Sale:
Amortized Cost	$ 532,991,000	$ 383,790,000
Gross Unrealized Gains	4,416,000	5,871,000
Gross Unrealized Losses	(1,883,000)	(1,294,000)
Fair Value	535,524,000	388,367,000
Held-to-Maturity:
Amortized Cost	21,000	26,000
Gross Unrealized Gains	1,000	2,000
Fair Value	22,000	28,000
Reduction in HTM securities due to paydowns in principal	5,000
Realized gains on the sale or call of securities	0	0	$ 19,000
Securities pledged
Fair value of securities pledged	$ 425,100,000	$ 373,500,000
Number of investment securities sold that did not result in gain or loss | item			4
Number of securities held with issuer | item	0	0
Securities of government sponsored enterprises
Available-for-Sale:
Amortized Cost	$ 73,828,000	$ 100,792,000
Gross Unrealized Gains	87,000	60,000
Gross Unrealized Losses	(80,000)	(490,000)
Fair Value	73,835,000	100,362,000
Mortgage-backed securities (residential)
Available-for-Sale:
Amortized Cost	171,781,000	82,454,000
Gross Unrealized Gains	655,000	1,060,000
Gross Unrealized Losses	(738,000)	(147,000)
Fair Value	171,698,000	83,367,000
Collateralized mortgage obligations (residential)
Available-for-Sale:
Amortized Cost	250,809,000	161,584,000
Gross Unrealized Gains	1,651,000	2,152,000
Gross Unrealized Losses	(1,065,000)	(657,000)
Fair Value	251,395,000	163,079,000
Held-to-Maturity:
Amortized Cost	21,000	26,000
Gross Unrealized Gains	1,000	2,000
Fair Value	22,000	28,000
Corporate Debt Securities
Available-for-Sale:
Amortized Cost	15,015,000	14,994,000
Gross Unrealized Gains	245,000	520,000
Fair Value	15,260,000	15,514,000
Municipal bonds
Available-for-Sale:
Amortized Cost	21,558,000	23,966,000
Gross Unrealized Gains	1,778,000	2,079,000
Fair Value	$ 23,336,000	$ 26,045,000

INVESTMENT SECURITIES - Summa64

INVESTMENT SECURITIES - Summary of Securities with Unrealized Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Investments' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less than 12 months, Fair Value	$ 282,862	$ 95,247
Less than 12 months, Gross Unrealized Losses	(1,538)	(1,212)
12 months or longer, Fair Value	12,371	34,943
12 months or longer, Gross Unrealized Losses	(345)	(82)
Total Fair Value	295,233	130,190
Total Gross Unrealized Losses	(1,883)	(1,294)
Securities of government sponsored enterprises
Investments' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less than 12 months, Fair Value	29,834	37,523
Less than 12 months, Gross Unrealized Losses	(80)	(477)
12 months or longer, Fair Value		6,988
12 months or longer, Gross Unrealized Losses		(13)
Total Fair Value	29,834	44,511
Total Gross Unrealized Losses	(80)	(490)
Mortgage-backed securities (residential)
Investments' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less than 12 months, Fair Value	141,282	34,911
Less than 12 months, Gross Unrealized Losses	(738)	(147)
Total Fair Value	141,282	34,911
Total Gross Unrealized Losses	(738)	(147)
Collateralized mortgage obligations (residential)
Investments' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less than 12 months, Fair Value	111,746	22,813
Less than 12 months, Gross Unrealized Losses	(720)	(588)
12 months or longer, Fair Value	12,371	27,955
12 months or longer, Gross Unrealized Losses	(345)	(69)
Total Fair Value	124,117	50,768
Total Gross Unrealized Losses	$ (1,065)	$ (657)

INVESTMENT SECURITIES - Investm

INVESTMENT SECURITIES - Investment Securities by Contractual Maturities (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Available-for-sale, Amortized Cost
Due in one year or less	$ 7,898,000	$ 1,915,000
Due after one year through five years	23,007,000	38,241,000
Due after five years through ten years	76,065,000	86,874,000
Due after ten years	426,021,000	256,760,000
Amortized Cost	532,991,000	383,790,000
Available-for-sale, Fair Value
Due in one year or less	7,986,000	1,917,000
Due after one year through five years	23,238,000	38,799,000
Due after five years through ten years	77,200,000	87,008,000
Due after ten years	427,100,000	260,643,000
Fair Value	535,524,000	388,367,000
Held-to-maturity, Amortized Cost
Due after ten years	21,000	26,000
Amortized Cost	21,000	26,000
Held-to-maturity, Fair Value
Due after ten years	22,000	28,000
Fair Value	22,000	28,000
Securities pledged
Fair value of securities pledged	425,100,000	373,500,000
Fair value of securities pledged to secure certain deposits	353,900,000
Pledged financial instruments not separately reported securities for San Francisco federal home loan bank	48,200,000
Fair value of securities pledged at the Federal Reserve Bank Discount Window	13,100,000
Fair value of securities pledged at correspondent banks	9,500,000
Fair value of securities pledged at the New Jersey Department of Banking	376,000
Mortgage-backed securities (residential)
Available-for-sale, Amortized Cost
Due in one year or less	1,000
Due after one year through five years	44,000
Due after five years through ten years	1,614,000
Due after ten years	170,122,000
Amortized Cost	171,781,000	82,454,000
Available-for-sale, Fair Value
Due in one year or less	1,000
Due after one year through five years	46,000
Due after five years through ten years	1,687,000
Due after ten years	169,964,000
Fair Value	171,698,000	83,367,000
Collateralized mortgage obligations (residential)
Available-for-sale, Amortized Cost
Due after five years through ten years	7,535,000
Due after ten years	243,274,000
Amortized Cost	250,809,000	161,584,000
Available-for-sale, Fair Value
Due after five years through ten years	7,818,000
Due after ten years	243,577,000
Fair Value	251,395,000	163,079,000
Held-to-maturity, Amortized Cost
Due after ten years	21,000
Amortized Cost	21,000	26,000
Held-to-maturity, Fair Value
Due after ten years	22,000
Fair Value	$ 22,000	$ 28,000

LOANS RECEIVABLE, LOANS HELD-66

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Composition of Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loans Receivable
Gross loans	$ 3,855,550	$ 3,330,010
Loans held-for-sale	25,223	11,783
Total	3,830,327	3,318,227	$ 2,824,706
Allowance for loan losses	(52,405)	(48,624)	(53,563)	$ (63,285)
Deferred loan fees & unearned income	(10,623)	(9,930)
Net loans	3,792,522	3,271,456
Loans sold to unaffiliated parties serviced by the entity	775,900	727,900
Loans acquired through acquisitions and legacy loans
Gross loans	3,855,550	3,330,010
Deferred loan fees and unearned income	(10,623)	(9,930)
Total loans	3,844,927	3,320,080
Allowance for loan losses	(52,405)	(48,624)	(53,563)	$ (63,285)
Net loans	3,792,522	3,271,456
Loans held-for-sale	25,223	11,783
Acquired loan broken down by ASC 310-30 and Non-ASC 310-30 loans
Total acquired loan balance	372,727	489,966	619,186
Change to the discount on acquired loans
Balance at beginning of period	22,056	34,201	3,448
Discount accretion income recognized	(7,958)	(11,214)	(2,463)
Disposals related to charge-offs	(195)	(931)	(3,685)
Balance at end of period	13,903	22,056	34,201
Changes to the accretable portion of the discount on acquired loans
Balance at beginning of period	20,400	31,450	3,275
Discount accretion income recognized	(7,502)	(10,546)	(2,463)
Disposals related to charge-offs	(40)	(504)	(880)
Balance at end of period	12,858	20,400	31,450
Allowance for loan commitments
Balances at beginning of period	1,061	1,061	1,061
Provision for losses on unfunded loan commitments	200
Balances at end of period	1,261	1,061	1,061
Allowance for loan losses	3	253
Carrying amount of Non ASC 310-30 and ASC 310-30 loans
Outstanding balance	$ 687	1,341
Residential mortgage with 30 year term
Distribution and Percentage Composition of Allowance for Loan Losses
Loan maturity period	30 years
Residential Mortgage with 15 year term
Distribution and Percentage Composition of Allowance for Loan Losses
Loan maturity period	15 years
Adjustable rate mortgage loan | Minimum
Distribution and Percentage Composition of Allowance for Loan Losses
Loan maturity period	5 years
Adjustable rate mortgage loan | Maximum
Distribution and Percentage Composition of Allowance for Loan Losses
Loan maturity period	7 years
Accounting Standard Codification Topic 3, 1030 Loans
Acquired loan broken down by ASC 310-30 and Non-ASC 310-30 loans
Total acquired loan balance	$ 372,040	488,625	616,500
Non Accounting Standard Codification Topic 3 1030 Loans
Acquired loan broken down by ASC 310-30 and Non-ASC 310-30 loans
Total acquired loan balance	687	1,341	2,686
Mirae Bank
Loans Receivable
Gross loans	24,875
Allowance for loan losses	(1,179)
Net loans	23,696
Loans acquired through acquisitions and legacy loans
Gross loans	24,875
Total loans	24,875
Allowance for loan losses	(1,179)
Net loans	23,696
Change to the discount on acquired loans
Discount on loans acquired			54,900
Saehan
Loans Receivable
Gross loans	254,112
Allowance for loan losses	(385)
Net loans	253,727
Loans acquired through acquisitions and legacy loans
Gross loans	254,112
Total loans	254,112
Allowance for loan losses	(385)
Net loans	253,727
Change to the discount on acquired loans
Discount on loans acquired			27,733
Changes to the accretable portion of the discount on acquired loans
Accretable portion of discount on loans acquired			24,304
Bank Asiana
Loans Receivable
Gross loans	93,740
Allowance for loan losses	(332)
Net loans	93,408
Loans acquired through acquisitions and legacy loans
Gross loans	93,740
Total loans	93,740
Allowance for loan losses	(332)
Net loans	93,408
Change to the discount on acquired loans
Discount on loans acquired			9,168
Changes to the accretable portion of the discount on acquired loans
Accretable portion of discount on loans acquired			$ 7,214
Loans Receivable Held For Sale
Loans Receivable
Gross loans	25,223	11,783
Net loans	25,223	11,783
Loans acquired through acquisitions and legacy loans
Gross loans	25,223	11,783
Net loans	25,223	11,783
Loans Receivable
Loans Receivable
Gross loans	3,830,327	3,318,227
Allowance for loan losses	(52,405)	(48,624)
Deferred loan fees & unearned income	(10,623)	(9,930)
Net loans	3,767,299	3,259,673
Loans acquired through acquisitions and legacy loans
Gross loans	3,830,327	3,318,227
Deferred loan fees and unearned income	(10,623)	(9,930)
Allowance for loan losses	(52,405)	(48,624)
Net loans	3,767,299	3,259,673
Legacy Loans
Loans Receivable
Gross loans	3,482,823	2,840,044
Loans held-for-sale	25,223	11,783
Allowance for loan losses	(50,509)	(46,158)
Deferred loan fees & unearned income	(10,623)	(9,930)
Net loans	3,421,691	2,783,956
Loans acquired through acquisitions and legacy loans
Gross loans	3,482,823	2,840,044
Deferred loan fees and unearned income	(10,623)	(9,930)
Total loans	3,472,200	2,830,114
Allowance for loan losses	(50,509)	(46,158)
Net loans	3,421,691	2,783,956
Loans held-for-sale	25,223	11,783
Acquired Loans | Mirae Bank
Loans Receivable
Gross loans		41,153
Allowance for loan losses		(416)
Net loans		40,737
Loans acquired through acquisitions and legacy loans
Gross loans		41,153
Total loans		41,153
Allowance for loan losses		(416)
Net loans		40,737
Acquired Loans | Saehan
Loans Receivable
Gross loans		323,017
Allowance for loan losses		(1,281)
Net loans		321,736
Loans acquired through acquisitions and legacy loans
Gross loans		323,017
Total loans		323,017
Allowance for loan losses		(1,281)
Net loans		321,736
Acquired Loans | Bank Asiana
Loans Receivable
Gross loans		125,796
Allowance for loan losses		(769)
Net loans		125,027
Loans acquired through acquisitions and legacy loans
Gross loans		125,796
Total loans		125,796
Allowance for loan losses		(769)
Net loans		125,027
Construction
Loans Receivable
Gross loans	21,025	22,635
Loans acquired through acquisitions and legacy loans
Gross loans	21,025	22,635
Construction | Loans Receivable
Loans Receivable
Gross loans	21,025	22,635
Loans acquired through acquisitions and legacy loans
Gross loans	21,025	22,635
Construction | Legacy Loans
Loans Receivable
Gross loans	21,025	18,688
Loans acquired through acquisitions and legacy loans
Gross loans	$ 21,025	18,688
Construction | Acquired Loans | Bank Asiana
Loans Receivable
Gross loans		3,947
Loans acquired through acquisitions and legacy loans
Gross loans		3,947
Real Estate Secured
Distribution and Percentage Composition of Allowance for Loan Losses
Loan maturity period	7 years
Loan principal and interest amortization period	25 years
Loans Receivable
Gross loans	$ 3,023,621	2,672,984
Loans acquired through acquisitions and legacy loans
Gross loans	3,023,621	2,672,984
Allowance for loan commitments
Allowance for loan losses		220
Carrying amount of Non ASC 310-30 and ASC 310-30 loans
Outstanding balance	$ 666	1,266
Real Estate Secured | Minimum
Distribution and Percentage Composition of Allowance for Loan Losses
Loan-to-value ratio (as a percent)	60.00%
Prepayment penalty period from the date of the loan	3 years
Real Estate Secured | Maximum
Distribution and Percentage Composition of Allowance for Loan Losses
Loan-to-value ratio (as a percent)	70.00%
Prepayment penalty period from the date of the loan	5 years
Real Estate Secured | Mirae Bank
Loans Receivable
Gross loans	$ 24,097
Loans acquired through acquisitions and legacy loans
Gross loans	24,097
Real Estate Secured | Saehan
Loans Receivable
Gross loans	242,868
Loans acquired through acquisitions and legacy loans
Gross loans	242,868
Real Estate Secured | Bank Asiana
Loans Receivable
Gross loans	81,698
Loans acquired through acquisitions and legacy loans
Gross loans	81,698
Real Estate Secured | Loans Receivable Held For Sale
Loans Receivable
Gross loans	23,440	10,855
Loans held-for-sale	23,440	10,855
Loans acquired through acquisitions and legacy loans
Gross loans	23,440	10,855
Loans held-for-sale	23,440	10,855
Real Estate Secured | Loans Receivable Held For Sale | Residential mortgage
Loans Receivable
Loans held-for-sale	19,686	661
Loans acquired through acquisitions and legacy loans
Loans held-for-sale	19,686	661
Real Estate Secured | Loans Receivable Held For Sale | SBA Real Estate
Loans Receivable
Loans held-for-sale	3,754	10,194
Loans acquired through acquisitions and legacy loans
Loans held-for-sale	3,754	10,194
Real Estate Secured | Loans Receivable
Loans Receivable
Gross loans	3,000,181	2,662,129
Total	3,000,181	2,662,129
Loans acquired through acquisitions and legacy loans
Gross loans	3,000,181	2,662,129
Real Estate Secured | Loans Receivable | Residential mortgage
Loans Receivable
Total	269,117	161,316
Real Estate Secured | Loans Receivable | SBA Real Estate
Loans Receivable
Total	166,269	170,907
Real Estate Secured | Loans Receivable | Gas Station
Loans Receivable
Total	177,191	141,712
Real Estate Secured | Loans Receivable | Carwash
Loans Receivable
Total	51,475	56,357
Real Estate Secured | Loans Receivable | Hotel/Motel
Loans Receivable
Total	309,247	203,550
Real Estate Secured | Loans Receivable | Land
Loans Receivable
Total	18,513	24,601
Real Estate Secured | Loans Receivable | Other
Loans Receivable
Total	2,008,369	1,903,686
Real Estate Secured | Legacy Loans
Loans Receivable
Gross loans	2,674,958	2,229,639
Loans acquired through acquisitions and legacy loans
Gross loans	2,674,958	2,229,639
Real Estate Secured | Acquired Loans | Mirae Bank
Loans Receivable
Gross loans		38,546
Loans acquired through acquisitions and legacy loans
Gross loans		38,546
Real Estate Secured | Acquired Loans | Saehan
Loans Receivable
Gross loans		303,699
Loans acquired through acquisitions and legacy loans
Gross loans		303,699
Real Estate Secured | Acquired Loans | Bank Asiana
Loans Receivable
Gross loans		101,100
Loans acquired through acquisitions and legacy loans
Gross loans		101,100
Commercial & Industrial
Loans Receivable
Gross loans		613,322
Loans acquired through acquisitions and legacy loans
Gross loans		613,322
Allowance for loan commitments
Allowance for loan losses	3	33
Carrying amount of Non ASC 310-30 and ASC 310-30 loans
Outstanding balance	21	75
Commercial & Industrial | Loans Receivable Held For Sale
Loans Receivable
Gross loans	1,783	928
Loans held-for-sale	1,783	928
Loans acquired through acquisitions and legacy loans
Gross loans	1,783	928
Loans held-for-sale	1,783	928
Commercial & Industrial | Loans Receivable Held For Sale | SBA Commercial
Loans Receivable
Loans held-for-sale	1,783	928
Loans acquired through acquisitions and legacy loans
Loans held-for-sale	1,783	928
Commercial & Industrial | Loans Receivable
Loans Receivable
Gross loans	793,989	612,394
Total	793,989	612,394
Loans acquired through acquisitions and legacy loans
Gross loans	793,989	612,394
Commercial & Industrial | Loans Receivable | SBA Commercial
Loans Receivable
Total	39,639	41,936
Commercial & Industrial | Loans Receivable | Other Commercial
Loans Receivable
Total	754,350	570,458
Commercial & Industrial | Legacy Loans
Loans Receivable
Total		571,294
Commercial & Industrial | Acquired Loans | Mirae Bank
Loans Receivable
Total		2,607
Commercial & Industrial | Acquired Loans | Saehan
Loans Receivable
Total		18,672
Commercial & Industrial | Acquired Loans | Bank Asiana
Loans Receivable
Total		20,749
Commercial and Industrial Lines of Credit Loan
Loans Receivable
Gross loans	795,772
Loans acquired through acquisitions and legacy loans
Gross loans	$ 795,772
Commercial and Industrial Lines of Credit Loan | Minimum
Distribution and Percentage Composition of Allowance for Loan Losses
Debt repayment period	10 days
Commercial and Industrial Lines of Credit Loan | Maximum
Distribution and Percentage Composition of Allowance for Loan Losses
Debt repayment period	30 days
Commercial and Industrial Lines of Credit Loan | Mirae Bank
Loans Receivable
Gross loans	$ 778
Loans acquired through acquisitions and legacy loans
Gross loans	778
Commercial and Industrial Lines of Credit Loan | Saehan
Loans Receivable
Gross loans	11,000
Loans acquired through acquisitions and legacy loans
Gross loans	11,000
Commercial and Industrial Lines of Credit Loan | Bank Asiana
Loans Receivable
Gross loans	12,042
Loans acquired through acquisitions and legacy loans
Gross loans	12,042
Commercial and Industrial Lines of Credit Loan | Legacy Loans
Loans Receivable
Gross loans	771,952
Loans acquired through acquisitions and legacy loans
Gross loans	$ 771,952
Commercial and Industrial Business Term Loan | Minimum
Distribution and Percentage Composition of Allowance for Loan Losses
Loan maturity period	1 year
Commercial and Industrial Business Term Loan | Maximum
Distribution and Percentage Composition of Allowance for Loan Losses
Loan maturity period	7 years
Consumer
Loans Receivable
Gross loans	$ 15,132	21,069
Loans acquired through acquisitions and legacy loans
Gross loans	15,132	21,069
Consumer | Saehan
Loans Receivable
Gross loans	244
Loans acquired through acquisitions and legacy loans
Gross loans	244
Consumer | Loans Receivable
Loans Receivable
Gross loans	15,132	21,069
Loans acquired through acquisitions and legacy loans
Gross loans	15,132	21,069
Consumer | Legacy Loans
Loans Receivable
Gross loans	14,888	20,423
Loans acquired through acquisitions and legacy loans
Gross loans	$ 14,888	20,423
Consumer | Acquired Loans | Saehan
Loans Receivable
Gross loans		646
Loans acquired through acquisitions and legacy loans
Gross loans		$ 646

LOANS RECEIVABLE, LOANS HELD-67

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Allowance for Loan Losses Rollforward, Allowances by Loan Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for loan losses
Balances at beginning of period	$ 48,624	$ 53,563	$ 63,285
Total charge-offs	(5,163)	(11,528)	(14,756)
Total recoveries	8,444	6,589	5,034
(Credit) provision for losses on loans	500
Balances at end of period	$ 52,405	$ 48,624	$ 53,563
Breakdown of allowance by specific valuation and general valuation allowance
Impaired loans				$ 55,875	$ 69,881	$ 72,814
Specific valuation allowance				9,121	9,009	3,815
Coverage ratio (as a percent)	16.32%	12.89%	5.24%
Non-impaired loans				3,774,452	3,248,346	2,751,892
General valuation allowance				43,284	39,615	49,748
Coverage ratio (as a percent)	1.15%	1.22%	1.81%
Gross loans receivable				3,830,327	3,318,227	2,824,706
Total allowance for loan losses	$ 48,624	$ 53,563	$ 63,285	$ 52,405	$ 48,624	$ 53,563
Percentage Composition of Allowance for Loan Losses				1.37%	1.47%	1.90%
Construction
Allowance for loan losses
Balances at beginning of period	220	814	453
(Credit) provision for losses on loans	(1)	(594)	361
Balances at end of period	$ 219	$ 220	$ 814
Breakdown of allowance by specific valuation and general valuation allowance
Impaired loans						$ 2,471
Coverage ratio (as a percent)	0.00%	0.00%	0.00%
Non-impaired loans				$ 21,025	$ 22,635	37,896
General valuation allowance				219	220	814
Coverage ratio (as a percent)	1.04%	0.97%	2.15%
Gross loans receivable				21,025	22,635	40,367
Total allowance for loan losses	$ 220	$ 814	$ 453	$ 219	$ 220	$ 814
Percentage Composition of Allowance for Loan Losses				1.04%	0.97%	2.02%
Real Estate Secured
Allowance for loan losses
Balances at beginning of period	31,889	41,401	49,956
Total charge-offs	(1,192)	(8,076)	(11,063)
Total recoveries	6,272	3,501	2,741
(Credit) provision for losses on loans	(3,139)	(4,937)	(233)
Balances at end of period	$ 33,830	$ 31,889	$ 41,401
Breakdown of allowance by specific valuation and general valuation allowance
Impaired loans				$ 36,572	$ 52,510	$ 63,363
Specific valuation allowance				1,574	1,886	1,857
Coverage ratio (as a percent)	4.30%	3.59%	2.93%
Non-impaired loans				2,963,609	2,609,619	2,268,758
General valuation allowance				32,256	30,003	39,544
Coverage ratio (as a percent)	1.09%	1.15%	1.74%
Gross loans receivable				3,000,181	2,662,129	2,332,121
Total allowance for loan losses	$ 31,889	$ 41,401	$ 49,956	$ 33,830	$ 31,889	$ 41,401
Percentage Composition of Allowance for Loan Losses				1.13%	1.20%	1.78%
Commercial & Industrial
Allowance for loan losses
Balances at beginning of period	16,302	11,238	12,737
Total charge-offs	(3,971)	(3,451)	(3,690)
Total recoveries	2,162	3,072	2,280
(Credit) provision for losses on loans	3,722	5,443	(89)
Balances at end of period	$ 18,215	$ 16,302	$ 11,238
Breakdown of allowance by specific valuation and general valuation allowance
Impaired loans				$ 19,303	$ 17,371	$ 6,980
Specific valuation allowance				7,547	7,123	1,958
Coverage ratio (as a percent)	39.10%	41.01%	28.05%
Non-impaired loans				774,686	595,023	430,544
General valuation allowance				10,668	9,179	9,280
Coverage ratio (as a percent)	1.38%	1.54%	2.16%
Gross loans receivable				793,989	612,394	437,524
Total allowance for loan losses	$ 16,302	$ 11,238	$ 12,737	$ 18,215	$ 16,302	$ 11,238
Percentage Composition of Allowance for Loan Losses				2.29%	2.66%	2.57%
Consumer
Allowance for loan losses
Balances at beginning of period	213	110	139
Total charge-offs		(1)	(3)
Total recoveries	10	16	13
(Credit) provision for losses on loans	(82)	88	(39)
Balances at end of period	$ 141	$ 213	$ 110
Breakdown of allowance by specific valuation and general valuation allowance
Coverage ratio (as a percent)	0.00%	0.00%	0.00%
Non-impaired loans				$ 15,132	$ 21,069	$ 14,694
General valuation allowance				141	213	110
Coverage ratio (as a percent)	0.93%	1.01%	0.75%
Gross loans receivable				15,132	21,069	14,694
Total allowance for loan losses	$ 213	$ 110	$ 139	$ 141	$ 213	$ 110
Percentage Composition of Allowance for Loan Losses				0.93%	1.01%	0.75%

LOANS RECEIVABLE, LOANS HELD-68

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Loans Acquired with Deteriorated Credit Quality (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES
Balance of Loans Acquired With Deteriorated Credit Quality	$ 687	$ 1,341
Total Allowance for Loans Acquired With Deteriorated Credit Quality	$ 3	$ 253

LOANS RECEIVABLE, LOANS HELD-69

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Impaired loans broken down by those with and without specific reserves
Recorded Investment, With Specific Reserves, Without Charge-Offs	$ 20,434	$ 21,597
Recorded Investment, With Specific Reserves, With Charge-Offs	960	295
Recorded Investment, Without Specific Reserves, Without Charge-Offs	27,379	31,335
Recorded Investment, Without Specific Reserves, With Charge-Offs	7,102	16,654
Total	55,875	69,881
Allowance on Impaired Loans	(9,121)	(9,009)	$ (3,815)
Impaired Loans Net of Allowance	46,754	60,872
Total balance of net of SBA guaranteed portions	52,000	65,600
Cash basis income recognized from impaired loans	$ 1,600	$ 2,900	$ 1,200

LOANS RECEIVABLE, LOANS HELD-70

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Recorded Investments of Impaired Loans With and Without Reserves (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Total Balance
With Specific Reserves	$ 21,394,000	$ 21,892,000
Without Specific Reserves	34,481,000	47,989,000
Total	55,875,000	69,881,000
Related Allowance
Related Allowance	9,121,000	9,009,000	$ 3,815,000
Average Balance
With Specific Reserves	23,839,000	25,425,000
Without Specific Reserves	42,842,000	51,052,000
Total	66,681,000	76,477,000
Mirae Bank
Total Balance
Total	358,000	442,000
Bank Asiana
Total Balance
With Specific Reserves		241,000
Total	21,000	406,000
Saehan
Total Balance
With Specific Reserves	3,000	12,000
Total	308,000	493,000
Bank Asiana and Saehan
Total Balance
With Specific Reserves		253,000
Real Estate Secured | Residential mortgage
Total Balance
With Specific Reserves		272,000
Without Specific Reserves	320,000	561,000
Related Allowance
Related Allowance		6,000
Average Balance
With Specific Reserves		379,000
Without Specific Reserves	379,000	580,000
Real Estate Secured | SBA Real Estate
Total Balance
With Specific Reserves	2,601,000	1,145,000
Without Specific Reserves	6,157,000	7,781,000
Related Allowance
Related Allowance	808,000	310,000
Average Balance
With Specific Reserves	3,359,000	1,220,000
Without Specific Reserves	9,465,000	6,336,000
Real Estate Secured | Gas Station
Total Balance
With Specific Reserves	2,102,000	640,000
Without Specific Reserves	1,235,000	4,765,000
Related Allowance
Related Allowance	417,000	65,000
Average Balance
With Specific Reserves	2,224,000	650,000
Without Specific Reserves	1,251,000	5,086,000
Real Estate Secured | Carwash
Total Balance
Without Specific Reserves	3,702,000	5,626,000
Average Balance
Without Specific Reserves	3,852,000	6,128,000
Real Estate Secured | Hotel/Motel
Total Balance
With Specific Reserves		2,104,000
Without Specific Reserves	3,510,000	3,629,000
Related Allowance
Related Allowance		469,000
Average Balance
With Specific Reserves		2,068,000
Without Specific Reserves	3,775,000	3,873,000
Real Estate Secured | Land
Total Balance
Without Specific Reserves		258,000
Average Balance
Without Specific Reserves		262,000
Real Estate Secured | Other
Total Balance
With Specific Reserves	2,311,000	5,950,000
Without Specific Reserves	14,634,000	19,779,000
Related Allowance
Related Allowance	349,000	1,036,000
Average Balance
With Specific Reserves	2,362,000	6,051,000
Without Specific Reserves	16,810,000	22,551,000
Commercial & Industrial | SBA Commercial
Total Balance
With Specific Reserves	1,098,000	941,000
Without Specific Reserves	298,000	446,000
Related Allowance
Related Allowance	733,000	725,000
Average Balance
With Specific Reserves	1,770,000	1,041,000
Without Specific Reserves	433,000	516,000
Commercial & Industrial | Other Commercial
Total Balance
With Specific Reserves	13,282,000	10,840,000
Without Specific Reserves	4,625,000	5,144,000
Related Allowance
Related Allowance	6,814,000	6,398,000
Average Balance
With Specific Reserves	14,124,000	14,016,000
Without Specific Reserves	$ 6,877,000	$ 5,720,000

LOANS RECEIVABLE, LOANS HELD-71

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item	Dec. 31, 2013USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Troubled debt restructurings
Total TDRs	$ 37,110,000	$ 36,220,000	$ 36,220,000	$ 37,992,000	$ 37,110,000	$ 36,220,000
SBA guaranteed portion of total recorded investment of TDR loans				2,400,000	1,600,000
Roll-forward of TDR loans
Balance at Beginning of Period	37,110,000	36,220,000
New TDR Loans Added	15,330,000	14,565,000
Reductions Due to Sales	(2,626,000)	(4,308,000)
TDR Loans Paid Off	(8,622,000)	(4,328,000)
Reductions Due to Charge-Offs	(670,000)	(2,184,000)
Other Changes (Payments, Amortization, & Other)	(2,530,000)	(2,855,000)
Balance at End of Period	37,992,000	37,110,000	36,220,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	15,871,000	14,556,000	19,276,000
Post-Modification Balance:	$ 15,330,000	$ 14,565,000	$ 14,373,000
Number of Loans | item	44	28	44
Amount of increase in allowance for loan losses due to troubled debt restructurings	$ 2,800,000	$ 2,600,000	$ 1,700,000
Amount of increase in charge offs due to troubled debt restructurings	252,000	928,000	75,000
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:	1,256,000	5,070,000	3,727,000
Post-Modification Balance:	$ 1,239,000	$ 5,066,000	$ 2,383,000
Number of loans | item	5	6	9
Amount of increase in charge offs due to troubled debt restructurings that subsequently defaulted	$ 0	$ 928,000	$ 75,000
Amount of loans with modified terms not defined as troubled debt restructuring				35,700,000	107,500,000	$ 107,500,000
Amount of impact to the allowance for loan losses from TDR loan that defaulted	$ 34,000		339,000
Minimum
Troubled debt restructurings
Delinquent period of TDRs to be considered as non-performing	90 days
TDR loans modified during the past 12 months that had a payment default during current period
Period of delays in payment considered for modification of troubled debt restructuring that subsequently defaulted	3 months
Maximum
TDR loans modified during the past 12 months that had a payment default during current period
Period of delays in payment considered for modification of troubled debt restructuring that subsequently defaulted	6 months
Principal Concession
Troubled debt restructurings
Total TDRs	$ 19,087,000	19,087,000		12,893,000	19,087,000
Roll-forward of TDR loans
Balance at Beginning of Period	19,087,000
Balance at End of Period	12,893,000	19,087,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	1,973,000	457,000	10,663,000
Post-Modification Balance:	$ 1,968,000	$ 455,000	$ 8,350,000
Number of Loans | item	14	13	22
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:	$ 16,000	$ 25,000	$ 75,000
Post-Modification Balance:	$ 16,000	$ 24,000	$ 69,000
Number of loans | item	1	2	1
Term or Maturity Concession
Troubled debt restructurings
Total TDRs	$ 15,279,000	$ 15,279,000		23,331,000	15,279,000
Roll-forward of TDR loans
Balance at Beginning of Period	15,279,000
Balance at End of Period	23,331,000	15,279,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	13,496,000	9,764,000	$ 8,613,000
Post-Modification Balance:	$ 12,961,000	$ 9,775,000	$ 6,023,000
Number of Loans | item	29	14	22
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:	$ 1,240,000	$ 710,000	$ 3,652,000
Post-Modification Balance:	$ 1,223,000	$ 707,000	$ 2,314,000
Number of loans | item	4	3	8
Interest Rate Concession
Troubled debt restructurings
Total TDRs	$ 2,744,000	$ 2,744,000		1,768,000	2,744,000
Roll-forward of TDR loans
Balance at Beginning of Period	2,744,000
Balance at End of Period	1,768,000	2,744,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	402,000	4,335,000
Post-Modification Balance:	$ 401,000	$ 4,335,000
Number of Loans | item	1	1
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:		$ 4,335,000
Post-Modification Balance:		$ 4,335,000
Number of loans | item		1
Nonaccrual Financing Receivable
Troubled debt restructurings
Total TDRs	$ 9,500,000	$ 9,500,000		8,200,000	9,500,000
Roll-forward of TDR loans
Balance at Beginning of Period	9,500,000
Balance at End of Period	8,200,000	9,500,000
Performing Financing Receivable
Troubled debt restructurings
Total TDRs	27,600,000	27,600,000		29,800,000	27,600,000
Roll-forward of TDR loans
Balance at Beginning of Period	27,600,000
Balance at End of Period	29,800,000	27,600,000
Real Estate Secured
Troubled debt restructurings
Total TDRs	25,096,000	25,096,000		22,311,000	25,096,000
Roll-forward of TDR loans
Balance at Beginning of Period	25,096,000
Balance at End of Period	22,311,000	25,096,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	8,312,000	6,557,000	$ 17,848,000
Post-Modification Balance:	$ 8,820,000	$ 6,553,000	$ 13,233,000
Number of Loans | item	13	8	28
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:	$ 1,175,000	$ 5,026,000	$ 3,445,000
Post-Modification Balance:	$ 1,162,000	$ 5,023,000	$ 2,223,000
Number of loans | item	3	3	3
Real Estate Secured | Principal Concession
Troubled debt restructurings
Total TDRs	$ 16,431,000	$ 16,431,000		10,894,000	16,431,000
Roll-forward of TDR loans
Balance at Beginning of Period	16,431,000
Balance at End of Period	10,894,000	16,431,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	1,753,000		$ 10,376,000
Post-Modification Balance:	$ 1,750,000		$ 8,124,000
Number of Loans | item	7		16
Real Estate Secured | Term or Maturity Concession
Troubled debt restructurings
Total TDRs	$ 7,890,000	7,890,000		11,417,000	7,890,000
Roll-forward of TDR loans
Balance at Beginning of Period	7,890,000
Balance at End of Period	11,417,000	7,890,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	6,157,000	2,222,000	$ 7,472,000
Post-Modification Balance:	$ 6,669,000	$ 2,218,000	$ 5,109,000
Number of Loans | item	5	7	12
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:	$ 1,175,000	$ 691,000	$ 3,445,000
Post-Modification Balance:	$ 1,162,000	$ 688,000	$ 2,223,000
Number of loans | item	3	2	3
Real Estate Secured | Interest Rate Concession
Troubled debt restructurings
Total TDRs	$ 775,000	$ 775,000			775,000
Roll-forward of TDR loans
Balance at Beginning of Period	775,000
Balance at End of Period		775,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	402,000	4,335,000
Post-Modification Balance:	$ 401,000	$ 4,335,000
Number of Loans | item	1	1
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:		$ 4,335,000
Post-Modification Balance:		$ 4,335,000
Number of loans | item		1
Commercial & Industrial
Troubled debt restructurings
Total TDRs	$ 12,014,000	$ 12,014,000		15,681,000	12,014,000
Roll-forward of TDR loans
Balance at Beginning of Period	12,014,000
Balance at End of Period	15,681,000	12,014,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	7,559,000	7,999,000	$ 1,428,000
Post-Modification Balance:	$ 6,510,000	$ 8,012,000	$ 1,140,000
Number of Loans | item	31	20	16
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:	$ 81,000	$ 44,000	$ 282,000
Post-Modification Balance:	$ 77,000	$ 43,000	$ 160,000
Number of loans | item	2	3	6
Commercial & Industrial | Principal Concession
Troubled debt restructurings
Total TDRs	$ 2,656,000	$ 2,656,000		1,999,000	2,656,000
Roll-forward of TDR loans
Balance at Beginning of Period	2,656,000
Balance at End of Period	1,999,000	2,656,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	220,000	457,000	$ 287,000
Post-Modification Balance:	$ 218,000	$ 455,000	$ 226,000
Number of Loans | item	7	13	6
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:	$ 16,000	$ 25,000	$ 75,000
Post-Modification Balance:	$ 16,000	$ 24,000	$ 69,000
Number of loans | item	1	2	1
Commercial & Industrial | Term or Maturity Concession
Troubled debt restructurings
Total TDRs	$ 7,389,000	$ 7,389,000		11,914,000	7,389,000
Roll-forward of TDR loans
Balance at Beginning of Period	7,389,000
Balance at End of Period	11,914,000	7,389,000
Pre-modification and post-modification balances and types of concession given for newly modified TDR loans
Pre-Modification Balance:	7,339,000	7,542,000	$ 1,141,000
Post-Modification Balance:	$ 6,292,000	$ 7,557,000	$ 914,000
Number of Loans | item	24	7	10
TDR loans modified during the past 12 months that had a payment default during current period
Pre-Modification Balance:	$ 65,000	$ 19,000	$ 207,000
Post-Modification Balance:	$ 61,000	$ 19,000	$ 91,000
Number of loans | item	1	1	5
Commercial & Industrial | Interest Rate Concession
Troubled debt restructurings
Total TDRs	$ 1,969,000	$ 1,969,000		$ 1,768,000	$ 1,969,000
Roll-forward of TDR loans
Balance at Beginning of Period	1,969,000
Balance at End of Period	$ 1,768,000	$ 1,969,000

LOANS RECEIVABLE, LOANS HELD-72

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Non-Performing Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Non-performing loans
Non-Accrual Loans	$ 21,694,000	$ 37,265,000
Total Non-Performing Loans	200,370,000	171,163,000
Additional interest income from non-accrual loans	0	0	$ 0
Additional interest income that would have been recorded if nonperforming loans had been paid in accordance with their original terms	346,000	1,100,000	$ 1,300,000
30-59 Days Past Due	4,883,000	5,707,000
60-89 Days Past Due	3,021,000	2,971,000
90 Days or More Past Due	9,029,000	17,503,000
Total Past Due	16,933,000	26,181,000
Total Past Due, SBA guaranteed portions	3,500,000	7,700,000
Legacy Loans
Non-performing loans
Non-Accrual Loans	15,638,000	24,763,000
Total Non-Performing Loans	162,161,000	120,956,000
30-59 Days Past Due	3,512,000	4,321,000
60-89 Days Past Due	1,117,000	2,403,000
90 Days or More Past Due	8,138,000	12,226,000
Total Past Due	12,767,000	18,950,000
Acquired Loans
Non-performing loans
Non-Accrual Loans	6,056,000	12,502,000
Total Non-Performing Loans	38,209,000	50,207,000
30-59 Days Past Due	1,371,000	1,386,000
60-89 Days Past Due	1,904,000	568,000
90 Days or More Past Due	891,000	5,277,000
Total Past Due	4,166,000	7,231,000
Nonperforming Financing Receivable
Non-performing loans
Total Non-Performing Loans	21,694,000	37,265,000
Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans	15,638,000	24,763,000
Nonperforming Financing Receivable | Acquired Loans
Non-performing loans
Total Non-Performing Loans	6,056,000	12,502,000
SBA Commercial | Legacy Loans
Non-performing loans
30-59 Days Past Due	658,000
60-89 Days Past Due	351,000
Total Past Due	1,009,000
SBA Commercial | Acquired Loans
Non-performing loans
30-59 Days Past Due	415,000
60-89 Days Past Due	57,000
90 Days or More Past Due	8,000
Total Past Due	480,000
Other Commercial | Legacy Loans
Non-performing loans
30-59 Days Past Due	67,000	1,281,000
60-89 Days Past Due		598,000
90 Days or More Past Due	3,228,000	416,000
Total Past Due	3,295,000	2,295,000
Other Commercial | Acquired Loans
Non-performing loans
30-59 Days Past Due	41,000
60-89 Days Past Due	305,000
Total Past Due	346,000
Nonaccrual Financing Receivable
Non-performing loans
30-59 Days Past Due	568,000	542,000
60-89 Days Past Due	1,378,000	1,150,000
90 Days or More Past Due	9,029,000	17,503,000
Total Past Due	10,975,000	19,195,000
Loans not considered delinquent	10,700,000	18,100,000
Nonaccrual Financing Receivable | Legacy Loans
Non-performing loans
30-59 Days Past Due	208,000	116,000
60-89 Days Past Due	284,000	904,000
90 Days or More Past Due	8,138,000	12,226,000
Total Past Due	8,630,000	13,246,000
Nonaccrual Financing Receivable | Acquired Loans
Non-performing loans
30-59 Days Past Due	360,000	426,000
60-89 Days Past Due	1,094,000	246,000
90 Days or More Past Due	891,000	5,277,000
Total Past Due	2,345,000	5,949,000
Real Estate Secured | Residential mortgage | Legacy Loans
Non-performing loans
Non-Accrual Loans	320,000	784,000
Total Non-Performing Loans	6,011,000	1,908,000
30-59 Days Past Due		454,000
60-89 Days Past Due		280,000
90 Days or More Past Due	282,000	449,000
Total Past Due	282,000	1,183,000
Real Estate Secured | Residential mortgage | Acquired Loans
Non-performing loans
Non-Accrual Loans		134,000
Total Non-Performing Loans		134,000
90 Days or More Past Due		134,000
Total Past Due		134,000
Real Estate Secured | Residential mortgage | Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans	320,000	784,000
Real Estate Secured | Residential mortgage | Nonperforming Financing Receivable | Acquired Loans
Non-performing loans
Total Non-Performing Loans		134,000
Real Estate Secured | SBA Real Estate | Legacy Loans
Non-performing loans
Non-Accrual Loans	2,140,000	632,000
Total Non-Performing Loans	13,744,000	8,891,000
30-59 Days Past Due	2,787,000	1,623,000
60-89 Days Past Due	236,000	129,000
90 Days or More Past Due	829,000	399,000
Total Past Due	3,852,000	2,151,000
Real Estate Secured | SBA Real Estate | Acquired Loans
Non-performing loans
Non-Accrual Loans	1,691,000	1,828,000
Total Non-Performing Loans	5,837,000	6,838,000
30-59 Days Past Due	915,000	262,000
60-89 Days Past Due	754,000
90 Days or More Past Due	151,000	105,000
Total Past Due	1,820,000	367,000
Real Estate Secured | SBA Real Estate | Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans	2,140,000	632,000
Real Estate Secured | SBA Real Estate | Nonperforming Financing Receivable | Acquired Loans
Non-performing loans
Total Non-Performing Loans	1,691,000	1,828,000
Real Estate Secured | Gas Station | Legacy Loans
Non-performing loans
Non-Accrual Loans		28,000
Total Non-Performing Loans	5,771,000	6,920,000
Real Estate Secured | Gas Station | Acquired Loans
Non-performing loans
Non-Accrual Loans		2,185,000
Total Non-Performing Loans	781,000	3,632,000
Real Estate Secured | Gas Station | Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans		28,000
Real Estate Secured | Gas Station | Nonperforming Financing Receivable | Acquired Loans
Non-performing loans
Total Non-Performing Loans		2,185,000
Real Estate Secured | Carwash | Legacy Loans
Non-performing loans
Non-Accrual Loans	770,000	2,629,000
Total Non-Performing Loans	9,055,000	9,429,000
90 Days or More Past Due	769,000	770,000
Total Past Due	769,000	770,000
Real Estate Secured | Carwash | Acquired Loans
Non-performing loans
Total Non-Performing Loans	4,395,000	8,480,000
Real Estate Secured | Carwash | Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans	770,000	2,629,000
Real Estate Secured | Hotel/Motel | Legacy Loans
Non-performing loans
Non-Accrual Loans	943,000	2,328,000
Total Non-Performing Loans	6,467,000	3,985,000
60-89 Days Past Due	530,000
90 Days or More Past Due		1,162,000
Total Past Due	530,000	1,162,000
Real Estate Secured | Hotel/Motel | Acquired Loans
Non-performing loans
Non-Accrual Loans		718,000
Total Non-Performing Loans	2,970,000	4,364,000
30-59 Days Past Due		232,000
Total Past Due		232,000
Real Estate Secured | Hotel/Motel | Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans	943,000	2,328,000
Real Estate Secured | Hotel/Motel | Nonperforming Financing Receivable | Acquired Loans
Non-performing loans
Total Non-Performing Loans		718,000
Real Estate Secured | Other | Legacy Loans
Non-performing loans
Non-Accrual Loans	6,131,000	12,852,000
Total Non-Performing Loans	73,175,000	54,116,000
30-59 Days Past Due		770,000
60-89 Days Past Due		1,027,000
90 Days or More Past Due	3,030,000	9,030,000
Total Past Due	3,030,000	10,827,000
Real Estate Secured | Other | Acquired Loans
Non-performing loans
Non-Accrual Loans	3,427,000	5,429,000
Total Non-Performing Loans	19,709,000	20,942,000
30-59 Days Past Due		188,000
60-89 Days Past Due	788,000	246,000
90 Days or More Past Due	732,000	3,030,000
Total Past Due	1,520,000	3,464,000
Real Estate Secured | Other | Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans	6,131,000	12,852,000
Real Estate Secured | Other | Nonperforming Financing Receivable | Acquired Loans
Non-performing loans
Total Non-Performing Loans	3,427,000	5,429,000
Real Estate Secured | Land | Legacy Loans
Non-performing loans
Total Non-Performing Loans	571,000	258,000
Commercial & Industrial | SBA Real Estate | Acquired Loans
Non-performing loans
Total Non-Performing Loans		1,292,000
Commercial & Industrial | SBA Commercial
Non-performing loans
Total Non-Accrual Loans, SBA guaranteed portions	5,000,000	4,100,000
30-59 Days Past Due		193,000
60-89 Days Past Due		369,000
Total Past Due		562,000
Commercial & Industrial | SBA Commercial | Legacy Loans
Non-performing loans
Non-Accrual Loans	284,000	360,000
Total Non-Performing Loans	2,975,000	2,835,000
Commercial & Industrial | SBA Commercial | Acquired Loans
Non-performing loans
Non-Accrual Loans	25,000	42,000
Total Non-Performing Loans	1,253,000
30-59 Days Past Due		176,000
60-89 Days Past Due		22,000
Total Past Due		198,000
Commercial & Industrial | SBA Commercial | Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans	284,000	360,000
Commercial & Industrial | SBA Commercial | Nonperforming Financing Receivable | Acquired Loans
Non-performing loans
Total Non-Performing Loans	25,000	42,000
Commercial & Industrial | Other Commercial | Legacy Loans
Non-performing loans
Non-Accrual Loans	5,050,000	5,150,000
Total Non-Performing Loans	44,319,000	32,613,000
Commercial & Industrial | Other Commercial | Acquired Loans
Non-performing loans
Non-Accrual Loans	913,000	2,166,000
Total Non-Performing Loans	3,150,000	4,394,000
30-59 Days Past Due		528,000
60-89 Days Past Due		300,000
90 Days or More Past Due		2,008,000
Total Past Due		2,836,000
Commercial & Industrial | Other Commercial | Nonperforming Financing Receivable | Legacy Loans
Non-performing loans
Total Non-Performing Loans	5,050,000	5,150,000
Commercial & Industrial | Other Commercial | Nonperforming Financing Receivable | Acquired Loans
Non-performing loans
Total Non-Performing Loans	913,000	2,166,000
Consumer | Legacy Loans
Non-performing loans
Total Non-Performing Loans	73,000	1,000
Consumer | Acquired Loans
Non-performing loans
Total Non-Performing Loans	$ 114,000	$ 131,000

LOANS RECEIVABLE, LOANS HELD-73

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Total Home Loan Mortgage Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Loans with classification of special mention, substandard and doubtful by loan type
Loans	$ 200,370	$ 171,163
Loans, SBA guaranteed portions	6,500	6,500
Mortgage loans with interest only terms	0	0
Mortgage loans with option adjustable rates	0	0
Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	162,161	120,956
Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	38,209	50,207
Real Estate Secured | Residential mortgage | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	6,011	1,908
Real Estate Secured | Residential mortgage | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		134
Real Estate Secured | SBA Real Estate | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	13,744	8,891
Real Estate Secured | SBA Real Estate | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	5,837	6,838
Real Estate Secured | Gas Station | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	5,771	6,920
Real Estate Secured | Gas Station | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	781	3,632
Real Estate Secured | Carwash | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	9,055	9,429
Real Estate Secured | Carwash | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	4,395	8,480
Real Estate Secured | Hotel/Motel | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	6,467	3,985
Real Estate Secured | Hotel/Motel | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	2,970	4,364
Real Estate Secured | Land | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	571	258
Real Estate Secured | Other | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	73,175	54,116
Real Estate Secured | Other | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	19,709	20,942
Commercial & Industrial | SBA Real Estate | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		1,292
Commercial & Industrial | SBA Commercial | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	2,975	2,835
Commercial & Industrial | SBA Commercial | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	1,253
Commercial & Industrial | Other Commercial | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	44,319	32,613
Commercial & Industrial | Other Commercial | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	3,150	4,394
Consumer | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	73	1
Consumer | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	114	131
Residential Real Estate.
Loans with classification of special mention, substandard and doubtful by loan type
Loans	244,900	146,200
Home equity line of credits and loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	8,100	15,900
Special Mention
Loans with classification of special mention, substandard and doubtful by loan type
Loans	120,019	76,906
Special Mention | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	96,753	52,919
Special Mention | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	23,266	23,987
Special Mention | Real Estate Secured | Residential mortgage | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	5,019
Special Mention | Real Estate Secured | SBA Real Estate | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	3,702	2,860
Special Mention | Real Estate Secured | SBA Real Estate | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	1,237	2,400
Special Mention | Real Estate Secured | Gas Station | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	2,829	1,126
Special Mention | Real Estate Secured | Gas Station | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		645
Special Mention | Real Estate Secured | Carwash | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	8,286	6,800
Special Mention | Real Estate Secured | Carwash | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	4,395	8,480
Special Mention | Real Estate Secured | Hotel/Motel | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	4,727	1,207
Special Mention | Real Estate Secured | Hotel/Motel | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	2,811
Special Mention | Real Estate Secured | Land | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	571	258
Special Mention | Real Estate Secured | Other | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	40,956	28,064
Special Mention | Real Estate Secured | Other | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	13,009	10,503
Special Mention | Commercial & Industrial | SBA Real Estate | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		653
Special Mention | Commercial & Industrial | SBA Commercial | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	1,162	690
Special Mention | Commercial & Industrial | SBA Commercial | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	219
Special Mention | Commercial & Industrial | Other Commercial | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	29,428	11,914
Special Mention | Commercial & Industrial | Other Commercial | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	1,481	1,175
Special Mention | Consumer | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	73
Special Mention | Consumer | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	114	131
Substandard
Loans with classification of special mention, substandard and doubtful by loan type
Loans	80,310	82,305
Substandard | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	65,408	56,393
Substandard | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	14,902	25,912
Substandard | Real Estate Secured | Residential mortgage | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	992	1,636
Substandard | Real Estate Secured | Residential mortgage | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		134
Substandard | Real Estate Secured | SBA Real Estate | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	10,042	5,842
Substandard | Real Estate Secured | SBA Real Estate | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	4,559	4,397
Substandard | Real Estate Secured | Gas Station | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	2,942	5,794
Substandard | Real Estate Secured | Gas Station | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	781	2,987
Substandard | Real Estate Secured | Carwash | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	769	1,859
Substandard | Real Estate Secured | Hotel/Motel | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	1,740	1,616
Substandard | Real Estate Secured | Hotel/Motel | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	159	4,364
Substandard | Real Estate Secured | Other | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	32,219	16,801
Substandard | Real Estate Secured | Other | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	6,700	10,279
Substandard | Commercial & Industrial | SBA Real Estate | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		639
Substandard | Commercial & Industrial | SBA Commercial | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	1,813	2,145
Substandard | Commercial & Industrial | SBA Commercial | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	1,034
Substandard | Commercial & Industrial | Other Commercial | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	14,891	20,699
Substandard | Commercial & Industrial | Other Commercial | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	1,669	3,112
Substandard | Consumer | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		1
Doubtful
Loans with classification of special mention, substandard and doubtful by loan type
Loans	41	11,952
Doubtful | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		11,644
Doubtful | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	41	308
Doubtful | Real Estate Secured | Residential mortgage | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		272
Doubtful | Real Estate Secured | SBA Real Estate | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		189
Doubtful | Real Estate Secured | SBA Real Estate | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans	$ 41	41
Doubtful | Real Estate Secured | Carwash | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		770
Doubtful | Real Estate Secured | Hotel/Motel | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		1,162
Doubtful | Real Estate Secured | Other | Legacy Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		9,251
Doubtful | Real Estate Secured | Other | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		160
Doubtful | Commercial & Industrial | Other Commercial | Acquired Loans
Loans with classification of special mention, substandard and doubtful by loan type
Loans		$ 107

LOANS RECEIVABLE, LOANS HELD-74

LOANS RECEIVABLE, LOANS HELD-FOR-SALE, AND ALLOWANCE FOR LOAN LOSSES - Loans to Officers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Loans to officers and directors of the company and their affiliates
Outstanding balance-beginning of year	$ 19,497	$ 30,648
Credit granted, including renewals	5,750
Repayments	(6,225)	(513)
Adjustments due to change in affiliation		(10,638)
Outstanding balance-end of year	$ 19,022	$ 19,497

LOAN SERVICING ASSETS (Details)

LOAN SERVICING ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Loan servicing assets
Principal balance of SBA loans serviced for others	$ 673,200	$ 701,000
Total commercial and real estate loans serviced for others	102,700	26,900
Activity for servicing assets in the consolidated statements of financial condition
Beginning of year	18,031	16,108
Additions through originations of servicing assets	4,043	4,485
Amortization of servicing assets	(1,014)	(1,500)
Changes in fair value	(1,166)	(1,062)
End of year	$ 19,894	$ 18,031
Summary of weighted average discount rates and constant prepayment rates of the Company's servicing SBA loan portfolio
Average Discount Rate (as a percent)	5.52%	5.62%
Constant Prepayment Rate (as a percent)	7.53%	8.93%
Weighted Average Life	18 years	17 years
SBA Real Estate
Loan servicing assets
Principal balance of SBA loans serviced for others	$ 558,700	$ 566,200
SBA Commercial
Loan servicing assets
Principal balance of SBA loans serviced for others	$ 114,500	$ 134,800

BANK PREMISES AND EQUIPMENT (De

BANK PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of the major components of bank premises and equipment
Total	$ 38,863	$ 33,657
Accumulated depreciation and amortization	(22,767)	(19,776)
Total net of depreciation and amortization	16,096	13,881
Land
Summary of the major components of bank premises and equipment
Total	4,635	2,968
Building
Summary of the major components of bank premises and equipment
Total	2,744	2,744
Furniture and Equipment
Summary of the major components of bank premises and equipment
Total	12,874	11,339
Leasehold Improvements
Summary of the major components of bank premises and equipment
Total	$ 18,610	$ 16,606

INVESTMENTS IN AFFORDABLE HOU77

INVESTMENTS IN AFFORDABLE HOUSING PARTNERSHIPS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item	Dec. 31, 2013USD ($)
INVESTMENTS IN AFFORDABLE HOUSING PARTNERSHIPS
Number of investments in affordable housing partnerships | item	19	17
Net carrying value of investments in affordable housing partnerships	$ 48,900	$ 44,100
Commitments to fund investments in affordable housing partnerships	$ 15,700
Minimum compliance period to fully utilize the tax credits	15 years
Maximum period to utilize remaining federal tax credits	13 years
Remaining federal tax credits	$ 40,600	38,300
Company's usage of federal tax credits	5,600	5,400	$ 5,000
Loss on investments in affordable housing partnerships	$ 4,981	$ 4,239	$ 3,838

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Scheduled maturities of time deposits
Time Deposit Maturities in 2016	$ 1,450,557
Time Deposit Maturities in 2017	138,462
Time Deposit Maturities in 2018	10,259
Time Deposit Maturities in 2019	2,417
Time Deposit Maturities after 2020	10
Total Time Deposit Maturities	1,601,705
Scheduled maturities of total time deposits in denominations of $100,000 or greater
Three months or less	489,810
Over three months through six months	154,357
Over six months through twelve months	579,981
Over twelve months	125,292
Total	1,349,440	$ 1,291,844
Scheduled maturities of total time deposits in denominations of $250,000 or greater
Three months or less	388,146
Over three months through six months	71,298
Over six months through twelve months	290,735
Over twelve months	63,404
Deposits that met or exceeded FDIC insurance limit of $ 250,000 or more	$ 813,583	$ 767,000

COMMITMENTS AND CONTINGENCIES79

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies
Rental expense	$ 6,900,000	$ 7,200,000	$ 4,300,000
Total accrued loss contingencies for all legal claims	120,000	135,000
Future commitments and contingencies related to lease payments and investments in affordable housing partnerships
Total	15,700,000
Interest rate lock commitments
Future commitments and contingencies related to lease payments and investments in affordable housing partnerships
Total	35,700,000	0
Standby Letters of Credit
Future commitments and contingencies related to lease payments and investments in affordable housing partnerships
Total	15,000,000	1,400,000
Commercial Letters of Credit
Future commitments and contingencies related to lease payments and investments in affordable housing partnerships
Total	75,900,000	61,500,000
Commitment to borrowing from the FHLB | Forward sale contracts related to mortgage banking
Future commitments and contingencies related to lease payments and investments in affordable housing partnerships
Total	17,100,000	0
Lease Agreements
Future commitments and contingencies related to lease payments and investments in affordable housing partnerships
2,016	6,252,000
2,017	5,275,000
2,018	4,224,000
2,019	3,323,000
2,020	2,110,000
Thereafter	2,377,000
Total	23,561,000
Commitments to Fund Low Income Housing Tax Credits
Future commitments and contingencies related to lease payments and investments in affordable housing partnerships
2,016	5,843,000
2,017	2,937,000
2,018	5,828,000
2,019	97,000
2,020	92,000
Thereafter	933,000
Total	15,730,000
Commitments to Extend Credit
Future commitments and contingencies related to lease payments and investments in affordable housing partnerships
Total	$ 470,000,000	$ 391,700,000

FHLB BORROWINGS AND JUNIOR SU80

FHLB BORROWINGS AND JUNIOR SUBORDINATED DEBENTURES - FHLB Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
FHLB Borrowings
Maximum FHLB advances as a percentage of total assets based on qualifying collateral	30.00%
Borrowing outstanding	$ 220,000	$ 150,000
Rate (as a percent)	1.63%
Average balance during the year	$ 118,274	$ 160,110	$ 140,916
Average interest rate during the year (as a percent)	1.30%	0.33%	0.17%
Maximum month-end balance during the year	$ 220,000	$ 190,314	$ 190,325
Loans collateralizing the agreements at year-end	1,839,545	1,852,178	$ 1,479,886
Securities collateralizing the agreements at year-end	48,146
Standard Credit Program
FHLB Borrowings
Actual borrowing capacity	1,420,000
Borrowing outstanding	200,000
Remaining capacity	1,190,000
Standard Credit Program | Federal Home Loan Bank Advances Issued 22 September 2014
FHLB Borrowings
Borrowing outstanding	$ 50,000	$ 50,000
Term of debt		5 years
Interest Rate base	3 Month LIBOR	three month LIBOR
Interest rate (as a percent)	1.2425%
Rate (as a percent)	1.84%
Interest rate cap (as a percent)		1.00%
Maximum debt interest rate (as a percent)		2.48%
Standard Credit Program | Federal Home Loan Bank Advances Issued 22 September 2015
FHLB Borrowings
Borrowing outstanding	$ 100,000
Rate (as a percent)	2.48%
Standard Credit Program | Federal Home Loan Bank Advances Issued 29 December 2015
FHLB Borrowings
Borrowing outstanding	$ 50,000
Additional borrowing	$ 50,000
Rate (as a percent)	0.27%
Securities Backed Credit Program
FHLB Borrowings
Amount of securities pledged with the FHLB	$ 48,100
Securities Backed Credit Program | Federal Home Loan Bank Advances Issued 31 December 2015
FHLB Borrowings
Borrowing outstanding	$ 20,000
Rate (as a percent)	0.25%

FHLB BORROWINGS AND JUNIOR SU81

FHLB BORROWINGS AND JUNIOR SUBORDINATED DEBENTURES - Junior Subordinated Debentures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2007	Dec. 31, 2014	Nov. 20, 2013	Mar. 31, 2007	Dec. 31, 2005	Dec. 31, 2002
Junior subordinated debentures
Junior subordinated debentures	$ 72,016		$ 71,779
Junior Subordinated Debt
Junior subordinated debentures
Junior subordinated debentures	72,016
Junior subordinated debentures issued						$ 77,300	$ 10,000
Amount of trust preferred securities issued		$ 75,000
Junior Subordinated Debt | Wilshire Statutory Trust II
Junior subordinated debentures
Junior subordinated debentures	$ 20,619
Interest Rate base	3 Month LIBOR
Interest Rate margin (as a percent)	1.79%
Current Rate (as a percent)	2.32%
Right to redeem debentures	$ 20,600
Junior Subordinated Debt | Wilshire Statutory Trust III
Junior subordinated debentures
Junior subordinated debentures	$ 15,464
Interest Rate base	3 Month LIBOR
Interest Rate margin (as a percent)	1.40%
Current Rate (as a percent)	1.91%
Right to redeem debentures	$ 15,500
Junior Subordinated Debt | Wilshire Statutory Trust IV
Junior subordinated debentures
Junior subordinated debentures	$ 25,774
Interest Rate base	3 Month LIBOR
Interest Rate margin (as a percent)	1.38%
Current Rate (as a percent)	1.89%
Right to redeem debentures	$ 25,800
Junior Subordinated Debt | Saehan Capital Trust I
Junior subordinated debentures
Junior subordinated debentures	$ 10,159
Junior subordinated debentures issued					$ 20,600
Junior subordinated debentures acquired, fair value				$ 9,700
Discount on junior subordinated debenture acquired				$ 10,900
Interest Rate base	3 Month LIBOR
Interest Rate margin (as a percent)	1.62%
Current Rate (as a percent)	2.22%
Right to redeem debentures	$ 20,600

TROUBLED ASSETS RELIEF PROGRA82

TROUBLED ASSETS RELIEF PROGRAM ("TARP") SERIES A PREFERRED STOCK AND WARRANTS (Details) - USD ($)	Dec. 12, 2008	Dec. 31, 2013	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2010	Dec. 31, 2015	Dec. 31, 2014
Redemption of TARP Preferred Stock
Preferred stock, issued shares						0	0
Preferred stock, par value (in dollars per share)						$ 1,000	$ 1,000
Cumulative Preferred Stock
Redemption of TARP Preferred Stock
Redemption of preferred stock, shares (in shares)			2,158	60,000
Preferred stock, issued shares	62,158
Actual cost	$ 62,200,000
Preferred stock, par value (in dollars per share)	$ 1,000		$ 1,000
Discount at which shares repurchased (as a percent)				5.60%
Actual cost at which preferred shares repurchased			$ 2,200,000	$ 56,600,000
Increase to capital due to share repurchase				3,400,000
Accretion of preferred stock discount due to share repurchase				1,100,000
Net increase to capital due to share repurchase				$ 2,300,000
Warrant
Redemption of TARP Preferred Stock
Redemption of preferred stock, shares (in shares)			949,460
Percentage of vesting at grant	100.00%
Term of warrant	10 years
Repurchase of warrant to purchase shares of common stock	949,460
Price of warrant to purchase shares of common stock (in dollars per share)	$ 9.82
Price at which warrants repurchased			$ 760,000
Preferred Stock | Bank Asiana
Redemption of TARP Preferred Stock
Number of CDCI preferred stock (in shares)					5,250
Total par value of CDCI preferred stock issued					$ 5,250,000
Preferred Stock | Bank Asiana
Redemption of TARP Preferred Stock
Redemption of preferred stock, shares (in shares)		5,250
Actual cost		$ 5,250,000

STOCK OPTION AND RESTRICTED S83

STOCK OPTION AND RESTRICTED STOCK PLANS - Stock Option Plan Summary (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock Option Plan
Options outstanding	885,708	1,024,789
Total stock-based compensation expense		$ 932,000	$ 460,000
Total shares granted	63,807	241,200	64,000
Stock options
Stock Option Plan
Total shares granted	63,807
Assumptions used to calculate estimated weighted average fair value of options granted on the date of the option grants
Expected dividend yield (as a percent)	2.23%	2.00%	0.55%
Risk-free interest rate (as a percent)	1.37%	0.76%	0.64%
Stock options | Minimum
Assumptions used to calculate estimated weighted average fair value of options granted on the date of the option grants
Expected life	3 years 2 months 12 days	3 years	2 years 2 months 12 days
Expected volatility (as a percent)	28.10%	37.10%	46.90%
Stock options | Maximum
Stock Option Plan
Contractual term	10 years
Assumptions used to calculate estimated weighted average fair value of options granted on the date of the option grants
Expected life	6 years 6 months	3 years	3 years
Expected volatility (as a percent)	47.60%	46.80%	50.70%
Stock Option Plan 2008
Stock Option Plan
Number of shares authorized	2,933,200
Options outstanding	885,708
Restricted stock outstanding	135,874
Number of shares available for grant	1,240,084

STOCK OPTION AND RESTRICTED S84

STOCK OPTION AND RESTRICTED STOCK PLANS - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Shares
Outstanding at the beginning of the period (in shares)	1,024,789
Granted (in shares)	63,807	241,200	64,000
Exercised (in shares)	(149,738)
Forfeited (in shares)	(2,687)
Expired (in shares)	(50,463)
Outstanding at the end of the period (in shares)	885,708	1,024,789
Vested or expected to vest at end of period (in shares)	862,532
Option exercisable at end of period (in shares)	713,778
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 6.27
Granted (in dollars per share)	10.30
Exercised (in dollars per share)	5.29
Forfeited (in dollars per share)	6.25
Expired (in dollars per share)	12.52
Outstanding at the end of the period (in dollars per share)	6.37	$ 6.27
Vested or expected to vest at end of period (in dollars per share)	6.27
Option exercisable at end of period (in dollars per share)	$ 5.46
Weighted Average Remaining Contractual Term
Outstanding at the end of the period	4 years 6 months
Vested or expected to vest at end of period	4 years 5 months 23 days
Option exercisable at end of period	4 years 3 months 22 days
Aggregate Intrinsic Value
Outstanding at the end of the period	$ 4,588
Vested or expected to vest at end of period	4,556
Option exercisable at end of period	$ 4,349

STOCK OPTION AND RESTRICTED S85

STOCK OPTION AND RESTRICTED STOCK PLANS - Stock Options Outstanding (Details) - Stock options	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Summary of information about stock options outstanding
Options Outstanding, Number Outstanding (in shares) | shares	885,708
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 6.37
Options Outstanding, Weighted-Average Remaining Contractual Life	4 years 6 months
Options Exercisable, Number Exercisable (in shares) | shares	713,778
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 5.46
$2.00-$4.99
Summary of information about stock options outstanding
Exercise price, low end of range (in dollars per share)	2
Exercise price, high end of range (in dollars per share)	$ 4.99
Options Outstanding, Number Outstanding (in shares) | shares	330,000
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 3.46
Options Outstanding, Weighted-Average Remaining Contractual Life	6 years 22 days
Options Exercisable, Number Exercisable (in shares) | shares	330,000
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 3.46
$5.00-$7.99
Summary of information about stock options outstanding
Exercise price, low end of range (in dollars per share)	5
Exercise price, high end of range (in dollars per share)	$ 7.99
Options Outstanding, Number Outstanding (in shares) | shares	254,751
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 5.45
Options Outstanding, Weighted-Average Remaining Contractual Life	1 year 6 months 29 days
Options Exercisable, Number Exercisable (in shares) | shares	246,626
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 5.43
$8.00-$10.99
Summary of information about stock options outstanding
Exercise price, low end of range (in dollars per share)	8
Exercise price, high end of range (in dollars per share)	$ 10.99
Options Outstanding, Number Outstanding (in shares) | shares	272,057
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 10.25
Options Outstanding, Weighted-Average Remaining Contractual Life	5 years 5 months 16 days
Options Exercisable, Number Exercisable (in shares) | shares	122,702
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 10.20
$11.00-$13.99
Summary of information about stock options outstanding
Exercise price, low end of range (in dollars per share)	11
Exercise price, high end of range (in dollars per share)	$ 13.99
Options Outstanding, Number Outstanding (in shares) | shares	28,900
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 11.10
Options Outstanding, Weighted-Average Remaining Contractual Life	3 years 3 months
Options Exercisable, Number Exercisable (in shares) | shares	14,450
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 11.10

STOCK OPTION AND RESTRICTED S86

STOCK OPTION AND RESTRICTED STOCK PLANS - Activities Related to Stock Options (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock Option Plan
Total unrecognized stock compensation cost related to stock options granted	$ (1,100,000)
Stock options
Stock Option Plan
Total intrinsic value of options exercised	929,000	$ 984,000	$ 862,000
Total fair value of options vested	$ 547,000	$ 563,000	$ 457,000
Weighted average fair value of options granted (in dollars per share)	$ 2.79	$ 2.99	$ 2.36
Total unrecognized stock compensation cost related to stock options granted	$ 330,000
Expected weighted average period for recognition of compensation cost	1 year
Restricted Stock
Stock Option Plan
Total unrecognized stock compensation cost related to stock options granted	$ 1,100,000
Expected weighted average period for recognition of compensation cost	1 year 3 months 18 days

STOCK OPTION AND RESTRICTED S87

STOCK OPTION AND RESTRICTED STOCK PLANS - Sharebased Payment Non-Vested Awards Rollforwards (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Shares
Granted (in shares)	63,807	241,200	64,000
Stock options
Shares
Non vested at the beginning of the period (in shares)	389,169
Granted (in shares)	63,807
Vested (in shares)	(278,358)
Forfeitures on unvested shares (in shares)	(2,688)
Non vested at the end of the period (in shares)	171,930	389,169
Weighted Average Grant Date Fair Value
Non vested at the beginning of the period (in dollars per share)	$ 2.24
Granted (in dollars per share)	2.79	$ 2.99	$ 2.36
Vested (in dollars per share)	1.97
Forfeited on unvested shares (in dollars per share)	2.08
Non vested at the end of the period (in dollars per share)	$ 2.89	$ 2.24
Restricted Stock
Shares
Non vested at the beginning of the period (in shares)	49,668
Granted (in shares)	138,262
Vested (in shares)	(50,728)
Forfeitures on unvested shares (in shares)	(3,296)
Stock Dividends	$ 1,948
Non vested at the ending of the period (in shares)	135,874	49,668
Weighted Average Grant Date Fair Value
Non vested at the beginning of the period (in dollars per share)	$ 11.10
Granted (in dollars per share)	10.18
Vested (in dollars per share)	$ 10.47
Non vested at the ending of the period (in dollars per share)		$ 11.10

INCOME TAXES - Summary of Incom

INCOME TAXES - Summary of Income Tax Expense (Benefits) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current
Federal									$ 24,859	$ 12,197	$ 18,049
State									8,524	4,418	3,284
Total current									33,383	16,615	21,333
Deferred
Federal									(307)	9,949	(969)
State									1,425	3,691	1,917
Total deferred									1,118	13,640	948
Total
Federal									24,552	22,146	17,080
State									9,949	8,109	5,201
Total	$ 8,453	$ 7,251	$ 8,567	$ 10,230	$ 7,809	$ 7,998	$ 7,659	$ 6,789	34,501	30,255	22,281
Current income taxes receivable (payable) :
Federal	2,759				2,663				2,759	2,663	540
State	737				(855)				737	(855)	(877)
Total income taxes (payable) receivable	$ 3,496				$ 1,808				$ 3,496	$ 1,808	$ (337)

INCOME TAXES - Deferred Taxes (

INCOME TAXES - Deferred Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets:
Bad debt reserve in excess of tax bad debt deduction	$ 25,859,000	$ 20,785,000
Tax depreciation less than the financial statement depreciation	2,263,000	1,081,000
Net operating loss	1,521,000	3,502,000
OREO reserve		973,000
ASC 718-10 non-qualified stock options	516,000	954,000
Business combinations	672,000	5,256,000
Charitable contributions	43,000	43,000
Restricted stocks	147,000	141,000
CA Enterprise Zone tax credits	199,000	747,000
Accrued professional fees	74,000	74,000
Others	3,748,000	3,632,000
Total deferred tax assets	35,042,000	37,188,000
Deferred tax liabilities:
Prepaid expenses	(523,000)	(507,000)
Deferred loan origination costs	(3,015,000)	(2,671,000)
Unrealized gain (loss) on loans held for sale	(2,633,000)	(5,436,000)
Unrealized gain (loss) on securities available-for-sale	(1,099,000)	(1,982,000)
Intangible related to business combination	(1,169,000)	(1,171,000)
Gain from acquisition of Mirae Bank	(3,603,000)	(361,000)
ASC 860-50 adjustment	(1,511,000)	(2,789,000)
Total deferred tax liabilities	(13,553,000)	(14,917,000)
Net deferred tax assets	21,489,000	22,271,000
Valuation Allowance	$ 0	$ 0
Period of cumulative positive income considered for recognizing valuation allowance	3 years
Period of earnings considered for recognizing valuation allowance	4 years 9 months
Reconciliation of the difference between the federal statutory income tax rate and the effective tax rate
Statutory tax rate (as a percent)	35.00%	35.00%	35.00%
State taxes-net of California Enterprise Zone tax credit (as a percent)	7.00%	6.00%	5.00%
Valuation Allowance (as a percent)	0.00%	0.00%	0.00%
Municipal Bonds (as a percent)	(1.00%)	(1.00%)	(1.00%)
Tax credits (as a percent)	(6.00%)	(6.00%)	(7.00%)
Other items (as a percent)	1.00%	0.00%	1.00%
Effective Income Tax Rate Reconciliation, Percent, Total	36.00%	34.00%	33.00%
Federal
Deferred tax assets:
Bad debt reserve in excess of tax bad debt deduction	$ 19,192,000	$ 15,426,000
Tax depreciation less than the financial statement depreciation	1,168,000	394,000
Net operating loss	1,129,000	2,232,000
OREO reserve		722,000
ASC 718-10 non-qualified stock options	383,000	708,000
Business combinations	499,000	3,901,000
Charitable contributions	5,000	5,000
Restricted stocks	109,000	105,000
CA Enterprise Zone tax credits	(108,000)	(403,000)
Accrued professional fees	55,000	55,000
Others	3,526,000	3,268,000
Total deferred tax assets	25,958,000	26,413,000
Deferred tax liabilities:
Prepaid expenses	(388,000)	(376,000)
Deferred loan origination costs	(2,238,000)	(1,982,000)
Unrealized gain (loss) on loans held for sale	(1,954,000)	(4,035,000)
Unrealized gain (loss) on securities available-for-sale	(793,000)	(1,448,000)
Intangible related to business combination	(868,000)	(869,000)
Gain from acquisition of Mirae Bank	(2,674,000)	(268,000)
ASC 860-50 adjustment	(1,121,000)	(2,070,000)
Total deferred tax liabilities	(10,036,000)	(11,048,000)
Net deferred tax assets	15,922,000	15,365,000
Net operating losses	3,600,000	7,600,000
State
Deferred tax assets:
Bad debt reserve in excess of tax bad debt deduction	6,667,000	5,359,000
Tax depreciation less than the financial statement depreciation	1,095,000	687,000
Net operating loss	392,000	1,270,000
OREO reserve		251,000
ASC 718-10 non-qualified stock options	133,000	246,000
Business combinations	173,000	1,355,000
Charitable contributions	38,000	38,000
Restricted stocks	38,000	36,000
CA Enterprise Zone tax credits	307,000	1,150,000
Accrued professional fees	19,000	19,000
Others	222,000	364,000
Total deferred tax assets	9,084,000	10,775,000
Deferred tax liabilities:
Prepaid expenses	(135,000)	(131,000)
Deferred loan origination costs	(777,000)	(689,000)
Unrealized gain (loss) on loans held for sale	(679,000)	(1,401,000)
Unrealized gain (loss) on securities available-for-sale	(306,000)	(534,000)
Intangible related to business combination	(301,000)	(302,000)
Gain from acquisition of Mirae Bank	(929,000)	(93,000)
ASC 860-50 adjustment	(390,000)	(719,000)
Total deferred tax liabilities	(3,517,000)	(3,869,000)
Net deferred tax assets	5,567,000	6,906,000
Net operating losses	3,600,000	11,700,000
Tax credit	$ 307,000	$ 307,000

INCOME TAXES - Additional Tax D

INCOME TAXES - Additional Tax Disclosures (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Unrecognized tax benefit:
Balance, beginning of the year	$ 2,935,000	$ 3,736,000	$ 1,586,000
Change in related to current year tax positions			144,000
Increase in the liability for unrecognized tax benefit related to prior year tax positions	5,000		2,702,000
Decrease in the liability for unrecognized tax benefit related to prior year tax positions		(12,000)
Change related to acquisitions of BankAsiana and Saehan			1,266,000
Settlement with tax authorities	(1,192,000)	(40,000)	(1,962,000)
Expiration of the statute of limitations for assessment of taxes		(749,000)
Balance, end of the year	1,748,000	$ 2,935,000	$ 3,736,000
Additional disclosure of uncertain tax positions and unrecognized tax benefits
Decrease in liabilities for an unrecognized tax benefit	483,000
Total unrecognized tax benefit that would affect the effective rate if recognized	483,000
Accrued interest payable associated with unrecognized tax benefits	154,000
Accrued interest related to uncertain tax positions from an acquired entity	$ 66,000

GOODWILL & OTHER INTANGIBLE A91

GOODWILL & OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	May. 31, 2006	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Nov. 20, 2013	Oct. 01, 2013
Goodwill
Goodwill			$ 67,473	$ 67,473
Liberty Bank of New York
Goodwill
Amount of goodwill recorded related to acquisition	$ 6,700
Bank Asiana
Goodwill
Goodwill						$ 10,800
Amount of goodwill recorded related to acquisition		$ 10,800
Saehan
Goodwill
Goodwill					$ 50,000
Amount of goodwill recorded related to acquisition		$ 50,000
Bank Asiana and Saehan
Goodwill
Goodwill			$ 60,800

GOODWILL & OTHER INTANGIBLE A92

GOODWILL & OTHER INTANGIBLE ASSETS - Intangibles (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Other intangible assets
Core deposits intangibles	$ 3,185,000	$ 4,155,000
Total core deposits intangibles
Other intangible assets
Core deposits intangibles	3,185,000	4,155,000
Original Amount	7,540,000	7,540,000
Accumulated Amortization	(4,355,000)	(3,385,000)
Amortization schedule for intangible assets for the next five years
2,016	746,000
2,017	641,000
2,018	550,000
2,019	388,000
2,020	302,000
Total lease intangibles
Other intangible assets
Unfavorable lease liabilities	285,000	482,000
Core deposits intangibles	(285,000)	(442,000)
Original Amount	(623,000)	(623,000)
Accumulated Amortization	338,000	181,000
Amortization schedule for intangible assets for the next five years
2,016	142,000
2,017	111,000
2,018	32,000
Liberty Bank of New York | Total core deposits intangibles
Other intangible assets
Core deposits intangibles	15,000	163,000
Original Amount	1,640,000	1,640,000
Accumulated Amortization	(1,625,000)	(1,477,000)
Mirae Bank | Total core deposits intangibles
Other intangible assets
Core deposits intangibles	246,000	340,000
Original Amount	1,330,000	1,330,000
Accumulated Amortization	(1,084,000)	(990,000)
Bank Asiana | Total core deposits intangibles
Other intangible assets
Core deposits intangibles	600,000	655,000
Original Amount	725,000	725,000
Accumulated Amortization	(125,000)	(70,000)
Bank Asiana | Total lease intangibles
Other intangible assets
Amount of intangibles recorded related to acquisition	239,000
Core deposits intangibles	(112,000)	(169,000)
Original Amount	(239,000)	(239,000)
Accumulated Amortization	127,000	70,000
Saehan | Total core deposits intangibles
Other intangible assets
Core deposits intangibles	2,324,000	2,997,000
Original Amount	3,845,000	3,845,000
Accumulated Amortization	(1,521,000)	(848,000)
Saehan | Total lease intangibles
Other intangible assets
Amount of intangibles recorded related to acquisition	384,000
Core deposits intangibles	(173,000)	(273,000)
Original Amount	(384,000)	(384,000)
Accumulated Amortization	$ 211,000	$ 111,000

BENEFIT PLANS (Details)

BENEFIT PLANS (Details)	Jan. 31, 2013USD ($)	Jan. 30, 2012USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
401(k) Savings Plan
Minimum age of employees for eligibility to participate in the 401(k) savings plan			21 years
Requisite service period of employees to be eligible to participate in the 401(k) savings plan			6 months
Employer matching contribution (as a percent)			6.00%
Vesting percentage for employer's contribution after two years of service			25.00%
Period of service after which employer's contribution vests			2 years
Vesting percentage for employer's contribution thereafter			25.00%
Total employer contributions to the 401 (k) savings plan			$ 1,300,000	$ 1,100,000	$ 935,000
Deferred Compensation Plan
Percentage of base amount increases until normal retirement age under the Survivor Income Plan			3.00%
Normal retirement age of participant under the Survivor Income Plan			65 years
Maximum period following the participant's death for determining the payment of death benefit obligation under the Survivor Income Plan			90 days
Accrual for postretirement benefit obligations under the Survivor Income Plan			$ 222,000	105,000	$ 272,000
Increase in BOLI benefits	$ 500,000	$ 565,000
Number of directors for which increase in BOLI benefits approved | item		5
BOLI unrecognized prior service costs, a part of other comprehensive income			$ 445,000	$ 495,000

REGULATORY MATTERS - Capital Am

REGULATORY MATTERS - Capital Amounts and Ratios (Details) $ in Thousands	Jan. 31, 2016	Dec. 31, 2015USD ($)	Jan. 01, 2015	Dec. 31, 2014USD ($)
Total Capital (to risk-weighted assets):
Actual, Amount		$ 576,703		$ 523,396
Actual, Ratio (as a percent)		14.11%		15.38%
For Capital Adequacy Purposes, Amount		$ 326,873		$ 272,227
For Capital Adequacy Purposes, Ratio (as a percent)		8.00%		8.00%
To Be Well Capitalized, Amount		$ 408,591
Tier 1 Capital (to risk-weighted assets):
Actual, Amount		$ 525,563		$ 480,772
Actual, Ratio (as a percent)		12.86%		14.13%
For Capital Adequacy Purposes, Amount		$ 245,155		$ 136,114
For Capital Adequacy Purposes, Ratio (as a percent)		6.00%		4.00%
To Be Well Capitalized, Amount		$ 326,873
Tier 1 Common Equity Capital (to risk-weighted assets):
Actual, Amount		$ 458,825
Actual, Ratio (as a percent)		11.23%
For Capital Adequacy Purposes, Amount		$ 183,866
For Capital Adequacy Purposes, Ratio (as a percent)		4.50%
To Be Well Capitalized, Amount		$ 265,584
Tier 1 Capital (to quarterly average assets):
Actual, Amount		$ 525,563		$ 480,772
Actual, Ratio (as a percent)		11.30%		12.11%
For Capital Adequacy Purposes, Amount		$ 186,067		$ 158,865
For Capital Adequacy Purposes, Ratio (as a percent)		4.00%		4.00%
To Be Well Capitalized, Amount		$ 232,583
Capital Conservation Buffer
Capital conservation buffer (as a percent)		2.5
Minimum
Total Capital (to risk-weighted assets):
Actual, Ratio (as a percent)			8.00%
Tier 1 Capital (to risk-weighted assets):
Actual, Ratio (as a percent)			6.00%	4.00%
Tier 1 Common Equity Capital (to risk-weighted assets):
Actual, Ratio (as a percent)			4.50%
Tier 1 Capital (to quarterly average assets):
Actual, Ratio (as a percent)			4.00%
Adding of Conservation Buffer to Capital Requirements [Member] | Minimum
Total Capital (to risk-weighted assets):
Actual, Ratio (as a percent)		10.50%
Tier 1 Capital (to risk-weighted assets):
Actual, Ratio (as a percent)		8.50%
Tier 1 Common Equity Capital (to risk-weighted assets):
Actual, Ratio (as a percent)		7.00%
Forecast
Capital Conservation Buffer
New capital conservation buffer requirement of risk-weighted assets for each year beginning in January 2016 (as a percent)	0.625
Subsidiaries
Total Capital (to risk-weighted assets):
Actual, Amount		$ 550,898		$ 508,821
Actual, Ratio (as a percent)		13.50%		14.97%
For Capital Adequacy Purposes, Amount		$ 326,346		$ 271,982
For Capital Adequacy Purposes, Ratio (as a percent)		8.00%		8.00%
To Be Well Capitalized, Amount		$ 407,933		$ 339,978
To Be Well Capitalized, Ratio (as a percent)		10.00%		10.00%
Tier 1 Capital (to risk-weighted assets):
Actual, Amount		$ 499,873		$ 466,235
Actual, Ratio (as a percent)		12.25%		13.71%
For Capital Adequacy Purposes, Amount		$ 244,760		$ 135,991
For Capital Adequacy Purposes, Ratio (as a percent)		6.00%		4.00%
To Be Well Capitalized, Amount		$ 326,346		$ 203,987
To Be Well Capitalized, Ratio (as a percent)		8.00%		6.00%
Tier 1 Common Equity Capital (to risk-weighted assets):
Actual, Amount		$ 499,873
Actual, Ratio (as a percent)		12.32%
For Capital Adequacy Purposes, Amount		$ 183,570
For Capital Adequacy Purposes, Ratio (as a percent)		4.50%
To Be Well Capitalized, Amount		$ 265,156
To Be Well Capitalized, Ratio (as a percent)		6.50%
Tier 1 Capital (to quarterly average assets):
Actual, Amount		$ 499,873		$ 466,235
Actual, Ratio (as a percent)		10.77%		11.75%
For Capital Adequacy Purposes, Amount		$ 185,733		$ 158,718
For Capital Adequacy Purposes, Ratio (as a percent)		4.00%		4.00%
To Be Well Capitalized, Amount		$ 232,167		$ 198,398
To Be Well Capitalized, Ratio (as a percent)		5.00%		5.00%

REGULATORY MATTERS - Other (Det

REGULATORY MATTERS - Other (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REGULATORY MATTERS
Number of preceding years net profits considered by the bank for the payment of dividend without prior regulatory consent	2 years
Cash Dividends	$ 18,033	$ 15,647	$ 6,587
Common Stock
REGULATORY MATTERS
Limit for amount of dividends that can be paid without prior regulatory approval	21,300
Common Stock | Subsidiaries
REGULATORY MATTERS
Cash Dividends	$ 30,000	$ 0

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerator:
Net income	$ 13,948	$ 13,285	$ 15,553	$ 18,619	$ 16,103	$ 15,129	$ 14,664	$ 13,113	$ 61,405	$ 59,009	$ 45,376
Denominator for basic earnings per share:
Weighted-average shares									78,486,883	78,250,901	71,771,116
Effect of dilutive securities:
Stock option dilution (in shares)									331,673	340,473	266,400
Denominator for diluted earnings per share:
Adjusted weighted-average shares									78,818,556	78,591,374	72,037,516
Basic earnings per common share (in dollars per share)	$ 0.18	$ 0.17	$ 0.20	$ 0.24	$ 0.21	$ 0.19	$ 0.19	$ 0.17	$ 0.78	$ 0.75	$ 0.63
Diluted earnings per common share (in dollars per share)	$ 0.18	$ 0.17	$ 0.20	$ 0.24	$ 0.20	$ 0.19	$ 0.19	$ 0.17	$ 0.78	$ 0.75	$ 0.63
Antidilutive stock option awards excluded from earnings per common share calculation (in shares)									122,451	275,800

OTHER COMPREHENSIVE INCOME (L97

OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Changes to accumulated other comprehensive income by components
Balance at beginning of period	$ 4,453	$ (23)	$ 6,811
Other comprehensive income (loss) before reclassification	(2,050)	7,678	(11,611)
Reclassifications from other comprehensive income			(19)
Tax effect of current period changes	883	(3,202)	4,796
Current period changes net of taxes	(1,167)	4,476	(6,834)
Balance at end of period	3,286	4,453	(23)
Accumulated Net Unrealized Investment Gain (Loss)
Changes to accumulated other comprehensive income by components
Balance at beginning of period	4,649	192	6,841
Other comprehensive income (loss) before reclassification	(2,044)	7,681	(11,445)
Reclassifications from other comprehensive income			(19)
Tax effect of current period changes	860	(3,224)	4,815
Current period changes net of taxes	(1,184)	4,457	(6,649)
Balance at end of period	3,465	4,649	192
Accumulated Net Unrealized Interest Only Strip Gain (Loss)
Changes to accumulated other comprehensive income by components
Balance at beginning of period	299	330	321
Other comprehensive income (loss) before reclassification	(56)	(53)	28
Tax effect of current period changes	23	22	(19)
Current period changes net of taxes	(33)	(31)	9
Balance at end of period	266	299	330
Accumulated Unrecognized Prior Service Cost on Bank Owned Life Insurance
Changes to accumulated other comprehensive income by components
Balance at beginning of period	(495)	(545)	(351)
Other comprehensive income (loss) before reclassification	50	50	(194)
Current period changes net of taxes	50	50	(194)
Balance at end of period	$ (445)	$ (495)	$ (545)

CONDENSED FINANCIAL STATEMENT98

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Statements of Financial Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets:
Investment in subsidiary	$ 48,867	$ 44,077
Other assets	22,982	21,585
TOTAL	4,713,468	4,155,469
Liabilities:
Cash dividend payable	4,720	3,917	$ 2,342
Total liabilities	4,180,538	3,666,058
Shareholders' equity	532,930	489,411	$ 439,418	$ 342,417
TOTAL	4,713,468	4,155,469
Wilshire Bancorp, Inc.
Assets:
Cash and cash equivalents	26,450	13,381
Investment in subsidiary	579,256	546,596
Prepaid income taxes	3,522	3,968
Other assets	493	1,213
TOTAL	609,721	565,158
Liabilities:
Other borrowings	72,015	71,779
Accounts payable and other liabilities	56	51
Cash dividend payable	4,720	3,917
Total liabilities	76,791	75,747
Shareholders' equity	532,930	489,411
TOTAL	$ 609,721	$ 565,158

CONDENSED FINANCIAL STATEMENT99

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Unconsolidated financial statements of only the parent company
Interest Expense									$ 26,051	$ 18,167	$ 13,409
Other operating expense									15,572	15,430	12,960
Other income									8,768	7,494	4,326
INCOME BEFORE INCOME TAXES	$ 22,401	$ 20,536	$ 24,120	$ 28,849	$ 23,912	$ 23,127	$ 22,323	$ 19,902	95,906	89,264	67,657
Income tax benefit	$ (8,453)	$ (7,251)	$ (8,567)	$ (10,230)	$ (7,809)	$ (7,998)	$ (7,659)	$ (6,789)	(34,501)	(30,255)	(22,281)
Wilshire Bancorp, Inc.
Unconsolidated financial statements of only the parent company
Interest Expense									1,772	1,719	1,197
Other operating expense									2,313	2,287	3,790
Total expense									4,085	4,006	4,987
Other income									46	45	38
Distributed earnings of subsidiary									30,000		121,700
Undistributed earnings (loss) of subsidiary									33,827	61,148	(73,643)
INCOME BEFORE INCOME TAXES									59,788	57,187	43,108
Income tax benefit									1,617	1,822	2,268
Net Income									$ 61,405	$ 59,009	$ 45,376

CONDENSED FINANCIAL STATEMEN100

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Adjustments to reconcile net income to net cash (used in) provided by (used in) operating activities:
Share-based compensation expense	$ 1,075	$ 932	$ 460
Net change in other assets	(13,903)	(11,188)	3,265
Net cash provided by operating activities	41,258	90,615	152,768
Cash flows from investing activities:
Net cash used in investing activities	(649,207)	(504,216)	(211,668)
Cash flows from financing activities:
Proceeds from exercise of stock options	810	974	958
Tax benefit from exercise of stock options		259	135
Cash paid for stock repurchases			(4,287)
Payment of cash dividend on common stock	(17,238)	(14,082)	(4,244)
Net cash provided by financing activities	492,189	476,900	56,054
NET CHANGE IN CASH AND CASH EQUIVALENTS	(115,760)	63,299	(2,846)
CASH AND CASH EQUIVALENTS-Beginning of year	233,953	170,654	173,500
CASH AND CASH EQUIVALENTS-End of year	118,193	233,953	170,654
Wilshire Bancorp, Inc.
Cash flows from operating activities:
Net income	61,405	59,009	45,376
Adjustments to reconcile net income to net cash (used in) provided by (used in) operating activities:
Net change in accounts payable and other liabilities	5	2
Share-based compensation expense	1,075	932	460
Net change in prepaid income taxes	446	(1,732)	223
Net change in other assets	720	(1,045)	(166)
Undistributed (earnings) loss of subsidiary	(33,827)	(61,148)	73,643
Net cash provided by operating activities	29,824	(3,982)	119,536
Cash flows from investing activities:
Payments from (investments in) subsidiary	(327)	228	(90,179)
Net cash used in investing activities	(327)	228	(90,179)
Cash flows from financing activities:
Proceeds from exercise of stock options	810	974	958
Tax benefit from exercise of stock options		259	135
Cash paid for stock repurchases			(4,287)
Payment of cash dividend on common stock	(17,238)	(14,082)	(4,244)
Net cash provided by financing activities	(16,428)	(12,849)	(7,438)
NET CHANGE IN CASH AND CASH EQUIVALENTS	13,069	(16,603)	21,919
CASH AND CASH EQUIVALENTS-Beginning of year	13,381	29,984	8,065
CASH AND CASH EQUIVALENTS-End of year	$ 26,450	$ 13,381	$ 29,984

QUARTERLY FINANCIAL DATA (UN101

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
QUARTERLY FINANCIAL DATA (UNAUDITED)
Net interest income	$ 39,419	$ 37,459	$ 37,473	$ 36,491	$ 37,467	$ 36,768	$ 36,129	$ 35,173	$ 150,842	$ 145,537	$ 110,330
Provision for loan losses and loan commitments		700							700
Non-Interest Income	9,546	9,527	11,314	15,267	9,913	9,598	10,744	10,986	45,654	41,241	34,183
Non-Interest Expense	26,564	25,750	24,667	22,909	23,468	23,239	24,550	26,257	99,890	97,514	76,856
Income Before Income Taxes	22,401	20,536	24,120	28,849	23,912	23,127	22,323	19,902	95,906	89,264	67,657
Income Tax Provision	8,453	7,251	8,567	10,230	7,809	7,998	7,659	6,789	34,501	30,255	22,281
Net income	$ 13,948	$ 13,285	$ 15,553	$ 18,619	$ 16,103	$ 15,129	$ 14,664	$ 13,113	$ 61,405	$ 59,009	$ 45,376
Basic earnings per common share (in dollars per share)	$ 0.18	$ 0.17	$ 0.20	$ 0.24	$ 0.21	$ 0.19	$ 0.19	$ 0.17	$ 0.78	$ 0.75	$ 0.63
Diluted earnings per common share (in dollars per share)	$ 0.18	$ 0.17	$ 0.20	$ 0.24	$ 0.20	$ 0.19	$ 0.19	$ 0.17	$ 0.78	$ 0.75	$ 0.63