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EAST WEST BC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Loans receivable, including fees1,424.901,464.381,717.421,503.511,198.441,035.38968.631,059.21979.39945.53
Short-term investments----------------17.3422.32
Investment in Federal Home Loan Bank stock--------------6.276.874.67
Investment in Federal Reserve Bank stock--------------------
Investment securities available-for-sale143.9882.5567.8460.9158.6753.4041.3844.6843.8558.18
Restricted equity securities2.081.542.473.152.523.436.08------
Interest-bearing deposits in other banks15.5325.1866.5254.7033.3914.7317.9423.21----
Securities purchased under resale agreements32.2421.3928.0629.4332.1030.5519.8020.3221.2420.39
Investment securities held for trading--------------------
Total interest and dividend income1,618.731,595.041,882.301,651.701,325.121,137.481,053.821,153.701,068.691,051.10
Savings deposits------234.75116.3984.22--------
Time deposits69.16184.74375.80--------------
Money market accounts--------------------
Customer deposit accounts------------73.5165.4963.5075.90
Checking accounts--------------------
Savings deposits--------------------
Time deposits:Less than $100,000--------------------
Time deposits:$100,000 or greater--------------------
Long-Term Debt3.086.056.646.495.435.024.644.823.443.86
Short-term borrowings0.041.501.761.40--------0.01--
Federal Home Loan Bank advances6.8813.7916.7010.457.755.594.274.124.176.25
Junior subordinated debt securities--------------------
Federal Funds Purchased--------1.000.710.06------
Securities sold under repurchase agreements8.0011.7713.5812.119.489.3020.9138.4041.3846.17
Other Borrowings------------------0.00
Total Interest Expense87.16217.85414.49265.20140.05104.84103.38112.82112.49132.17
Net Interest Income1,531.571,377.191,467.811,386.511,185.071,032.64950.441,040.88956.19918.93
Provision for loan losses(35.00)210.6598.6964.2646.2727.4814.2249.1622.3665.18
Provision for loan losses-Non-covered loans------------------60.17
Provision for loan losses-Covered loans------------------5.02
Net interest income after provision for loan losses1,566.571,166.541,369.131,322.251,138.801,005.16936.22991.72933.83853.74
Branch fees----------39.6539.5037.8732.0430.91
Letters of credit fees and commissions----------47.2838.9937.3234.7719.10
Ancillary loan fees----------19.3515.0310.629.378.83
Lending fees77.7074.8463.6759.7658.40----------
Deposit account fees71.2648.1538.6539.1840.30----------
Net gain on sales of investment securitiesavailable-for-sale8.914.504.04--8.04----------
Net gain on investment securities available-for-sale1.5712.303.932.54--10.3640.3710.7212.090.76
Net gain on sales of affordable housing partnerships--------------------
Impairment writedown on investment securities------------------(0.10)
Impairment loss securities-Impairment loss on investment securities------------------5.07
Dividend and other investment income16.8510.6418.127.733.9016.78------(0.44)
Net gain on sales of loans------6.598.876.0924.8739.137.7517.05
Wealth management fees25.7517.4916.5513.6213.9712.6018.2716.1610.88--
Net gain (loss) on trading securities--------------------
Other Operating Income11.9613.5711.0416.3115.5026.98--26.90--17.01
Foreign exchange income48.9822.3726.4021.269.91--------7.17
Income from secondary market activities--------------------
Income from life insurance policies--------------------
Net gain (loss) on disposal of fixed assets--------77.393.183.57------
Amortization of fair value of net assets acquired in excess of purchase price--------------------
Net gain on sale of branch--------------------
Gain on acquisition--------------------
Decrease in FDIC indemnification asset and receivable------------(37.98)(201.42)(228.59)(122.25)
Other commission and fee income------------24.29--20.4116.35
Derivative commission fee income------------16.4910.998.81--
Net gain on sale of business------31.473.81----------
Interest rate contracts and other derivative income22.9131.6939.8718.9817.67----------
Total Noninterest Income285.90235.55222.25217.43257.75182.28183.38(11.71)(92.47)(5.62)
Salaries, Compensation and employee benefits433.73404.07401.70379.62335.29300.12262.19231.84175.91171.37
Occupancy and equipment expense63.0066.4969.7368.9064.9261.4561.2963.8256.6455.48
Deposit insurance premiums and regulatory assessments17.5615.1312.9321.2123.7423.2818.7721.9216.5514.13
Amortization of investments in affordable housing partnerships------------------18.06
Amortization of premiums on deposits acquired and excess of purchase price over fair value of net assets acquired------------9.2310.209.3710.91
Amortization of real estate investment122.4670.0898.3896.15------------
Amortization of CRA and tax credit investments--------87.9583.4536.1244.095.97--
Other real estate owned operations, net--------------(3.59)(1.13)22.35
Other Operating Expenses81.8079.4992.2588.0482.9786.3868.6271.3477.1180.58
Data processing16.2616.6013.5313.1812.0911.6810.1915.899.109.23
Computer software expense30.6029.0326.4722.2918.1812.918.667.49----
Deposit-related expenses16.1513.5314.1811.249.9410.3910.388.456.54--
Consulting Expense6.525.399.8511.5814.9222.7417.238.516.45--
Legal expense8.027.778.448.7811.442.8416.3753.0231.7225.44
Loan related expense------------------14.99
Loan related expenses--------------------
Prepayment penalty for FHLB advances--------------------
Repurchase agreements extinguishment costs--8.74--------21.820.00----
Total Noninterest Expense796.09716.32747.46720.99661.45615.25540.88532.98394.22422.53
Income before provision for income taxes1,056.38685.77843.92818.70735.10572.19578.72447.02447.15425.59
Current income tax expense:Federal84.2584.56107.39--120.9763.64(62.83)174.64152.06148.57
Current income tax expense:State95.9474.2586.58--72.8448.56(4.75)70.5344.392.32
Current income tax expense:Foreign(1.55)0.67(2.49)--1.821.350.413.850.215.70
Provision for income taxes183.40117.97169.88115.00229.48140.51194.04101.15153.82143.94
Deferred income tax benefit:Federal1.53(28.09)(8.80)--40.0625.30199.86(111.12)(31.29)(38.75)
Deferred income tax benefit:State3.26(11.67)(16.39)--(6.20)1.8860.44(36.04)(13.16)26.10
Deferred income tax benefit:Foreign(0.03)(1.75)3.59----(0.21)0.92(0.71)1.61--
Income before cumulative effect of change in accounting principle--------------------
Extraordinary item, net of tax--------------------
Cumulative effect of change in accounting principle, net of tax--------------------
Consolidated Net Income (Loss)872.98567.80674.04703.70505.62431.68384.68345.88293.32281.65
Preferred stock dividends----------------3.436.86
Preferred Stock Dividends And Amortization Of Preferred Stock Discount--------------------
Earnings allocated to participating securities------------0.000.511.68--
NET INCOME(LOSS) AVAILABLE TO COMMON SHAREHOLDERS872.98567.80674.04703.70505.62431.68384.67345.37288.21274.79
BASIC EARNINGS PER SHARE, BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE, NET OF TAX--------------------
EARNINGS PER SHARE:Basic6.163.994.634.863.503.002.672.422.101.92
DILUTED EARNINGS PER SHARE, BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE, NET OF TAX--------------------
EARNINGS PER SHARE:Diluted6.103.974.614.813.472.972.662.412.091.89
Weighted average shares outstanding: Basic141.83142.34145.50144.86144.44144.09143.82142.95137.34141.46
Weighted average shares outstanding:Diluted143.14142.99146.18146.17145.91145.17144.51143.56139.57147.18