Toggle SGML Header (+)


Section 1: 10-Q (10-Q)

Document
false--12-31Q220192019-06-30truefalse00011021120.020.050.0520.600.150.1500.020.0200.030.0320.600.6000.1200.120.020.040.600.140.08000.03750.08000.03750.06480.8200.0931.4581.0000.82000.09301.45800.01000.0040.0250.0150.0360.0040.0250.0150.0360.0190.0640.5780.112P3YP4YP3Y0.500.600.010.012000000002000000001250797051219069490.02950.01690.01550.0160.0310.03050.02750.01950.01950.01950.01950.01950.02050.01950.0195P1Y000.010.015000000500000000001889872162349418898722077845 0001102112 2019-01-01 2019-06-30 0001102112 2019-07-30 0001102112 2019-06-30 0001102112 2018-12-31 0001102112 2019-04-01 2019-06-30 0001102112 2018-01-01 2018-06-30 0001102112 2019-01-01 2019-03-31 0001102112 2018-04-01 2018-06-30 0001102112 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0001102112 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0001102112 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001102112 pacw:SharesOfCommonStockMember 2018-01-01 2018-03-31 0001102112 2018-01-01 2018-03-31 0001102112 us-gaap:RetainedEarningsMember 2018-03-31 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001102112 2018-06-30 0001102112 us-gaap:TreasuryStockMember 2018-01-01 2018-03-31 0001102112 us-gaap:RetainedEarningsMember 2017-12-31 0001102112 us-gaap:TreasuryStockMember 2018-03-31 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001102112 us-gaap:CommonStockMember 2018-03-31 0001102112 us-gaap:CommonStockMember 2017-12-31 0001102112 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001102112 us-gaap:TreasuryStockMember 2018-04-01 2018-06-30 0001102112 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001102112 us-gaap:TreasuryStockMember 2017-12-31 0001102112 us-gaap:CommonStockMember 2018-06-30 0001102112 2017-12-31 0001102112 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001102112 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0001102112 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001102112 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001102112 pacw:SharesOfCommonStockMember 2018-04-01 2018-06-30 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001102112 us-gaap:RetainedEarningsMember 2018-06-30 0001102112 us-gaap:TreasuryStockMember 2018-06-30 0001102112 2018-03-31 0001102112 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001102112 us-gaap:CommonStockMember 2018-12-31 0001102112 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001102112 us-gaap:RetainedEarningsMember 2019-06-30 0001102112 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001102112 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001102112 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001102112 us-gaap:TreasuryStockMember 2019-04-01 2019-06-30 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001102112 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001102112 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001102112 us-gaap:CommonStockMember 2019-06-30 0001102112 us-gaap:CommonStockMember 2019-03-31 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001102112 pacw:SharesOfCommonStockMember 2019-04-01 2019-06-30 0001102112 us-gaap:RetainedEarningsMember 2019-03-31 0001102112 pacw:SharesOfCommonStockMember 2019-01-01 2019-03-31 0001102112 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001102112 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001102112 us-gaap:RetainedEarningsMember 2019-01-01 2019-01-01 0001102112 us-gaap:TreasuryStockMember 2019-06-30 0001102112 us-gaap:RetainedEarningsMember 2018-12-31 0001102112 us-gaap:TreasuryStockMember 2018-12-31 0001102112 us-gaap:TreasuryStockMember 2019-03-31 0001102112 2019-03-31 0001102112 us-gaap:TreasuryStockMember 2019-01-01 2019-03-31 0001102112 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001102112 stpr:NC 2019-01-01 2019-06-30 0001102112 stpr:CA 2019-01-01 2019-06-30 0001102112 us-gaap:AvailableforsaleSecuritiesMember 2018-04-01 2018-06-30 0001102112 us-gaap:AvailableforsaleSecuritiesMember 2019-04-01 2019-06-30 0001102112 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001102112 us-gaap:CollateralizedLoanObligationsMember 2019-06-30 0001102112 us-gaap:AssetBackedSecuritiesMember 2019-06-30 0001102112 pacw:SBAassetbackedsecuritiesMember 2019-06-30 0001102112 pacw:PrivateLabelCollateralizedMortgageObligationsMember 2019-06-30 0001102112 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001102112 pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2019-06-30 0001102112 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-06-30 0001102112 us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001102112 pacw:PrivateLabelCollateralizedMortgageObligationsMember 2018-12-31 0001102112 pacw:SBAassetbackedsecuritiesMember 2018-12-31 0001102112 us-gaap:USTreasurySecuritiesMember 2018-12-31 0001102112 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001102112 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001102112 pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2018-12-31 0001102112 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0001102112 us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001102112 us-gaap:USTreasurySecuritiesMember 2019-06-30 0001102112 us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001102112 us-gaap:CollateralizedLoanObligationsMember 2018-12-31 0001102112 us-gaap:PassMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:OtherCommercialMember us-gaap:SpecialMentionMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember us-gaap:PassMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 us-gaap:CommercialRealEstateMember pacw:ClassifiedMember us-gaap:MortgagesMember 2019-06-30 0001102112 us-gaap:PassMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:ClassifiedMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember us-gaap:SpecialMentionMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 us-gaap:CommercialRealEstateMember us-gaap:PassMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:OtherCommercialMember us-gaap:PassMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:ClassifiedMember us-gaap:MortgagesMember 2019-06-30 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:SpecialMentionMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember pacw:ClassifiedMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:ClassifiedMember 2019-06-30 0001102112 pacw:OtherCommercialMember pacw:ClassifiedMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:SpecialMentionMember 2019-06-30 0001102112 pacw:AssetBasedMember us-gaap:PassMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:PassMember us-gaap:ConsumerPortfolioSegmentMember 2019-06-30 0001102112 pacw:VentureCapitalLoansMember us-gaap:SpecialMentionMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:ResidentialRealEstateMember pacw:ClassifiedMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:ClassifiedMember us-gaap:ConsumerPortfolioSegmentMember 2019-06-30 0001102112 pacw:AssetBasedMember us-gaap:SpecialMentionMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:CommercialRealEstateMember us-gaap:MortgagesMember 2019-06-30 0001102112 us-gaap:SpecialMentionMember us-gaap:ConsumerPortfolioSegmentMember 2019-06-30 0001102112 pacw:AssetBasedMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:SpecialMentionMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:VentureCapitalLoansMember pacw:ClassifiedMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:CommercialRealEstateMember us-gaap:SpecialMentionMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:ClassifiedMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:SpecialMentionMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:PassMember 2019-06-30 0001102112 pacw:VentureCapitalLoansMember us-gaap:PassMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:PassMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:AssetBasedMember pacw:ClassifiedMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:PassMember us-gaap:MortgagesMember 2019-06-30 0001102112 us-gaap:SpecialMentionMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember us-gaap:PassMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:VentureCapitalLoansMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:ClassifiedMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember us-gaap:SpecialMentionMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 us-gaap:MortgagesMember 2019-04-01 2019-06-30 0001102112 pacw:AssetBasedMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-04-01 2018-06-30 0001102112 us-gaap:ConsumerPortfolioSegmentMember 2019-04-01 2019-06-30 0001102112 pacw:AssetBasedMember us-gaap:CommercialPortfolioSegmentMember 2019-04-01 2019-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:RealEstateConstructionMember 2019-04-01 2019-06-30 0001102112 pacw:OtherCommercialMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-04-01 2018-06-30 0001102112 pacw:VentureCapitalLoansMember us-gaap:CommercialPortfolioSegmentMember 2019-04-01 2019-06-30 0001102112 us-gaap:CommercialRealEstateMember us-gaap:MortgagesMember 2019-04-01 2019-06-30 0001102112 us-gaap:ResidentialRealEstateMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-04-01 2018-06-30 0001102112 us-gaap:CommercialRealEstateMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-04-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-04-01 2018-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember pacw:RealEstateConstructionMember 2019-04-01 2019-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-04-01 2018-06-30 0001102112 pacw:VentureCapitalLoansMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2018-04-01 2018-06-30 0001102112 us-gaap:CommercialPortfolioSegmentMember 2019-04-01 2019-06-30 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:MortgagesMember 2019-04-01 2019-06-30 0001102112 pacw:RealEstateConstructionMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2018-01-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2017-12-31 0001102112 pacw:NonPCIandPCILoansMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:NonPCIandPCILoansMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:NonPCIandPCILoansMember us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0001102112 pacw:NonPCIandPCILoansMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:ConsumerPortfolioSegmentMember 2019-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:OtherCommercialMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2018-12-31 0001102112 us-gaap:CommercialRealEstateMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-12-31 0001102112 us-gaap:ResidentialRealEstateMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:AssetBasedMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-01-01 2018-06-30 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-06-30 0001102112 pacw:VentureCapitalLoansMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:MortgagesMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-01-01 2018-06-30 0001102112 pacw:OtherCommercialMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 pacw:AssetBasedMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-06-30 0001102112 pacw:RealEstateConstructionMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:RealEstateConstructionMember 2019-01-01 2019-06-30 0001102112 us-gaap:ConsumerPortfolioSegmentMember 2019-01-01 2019-06-30 0001102112 us-gaap:CommercialRealEstateMember us-gaap:MortgagesMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 us-gaap:MortgagesMember 2019-01-01 2019-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-01-01 2018-06-30 0001102112 us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-06-30 0001102112 pacw:AssetBasedMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 us-gaap:CommercialRealEstateMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-01-01 2018-06-30 0001102112 us-gaap:ResidentialRealEstateMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-01-01 2018-06-30 0001102112 pacw:AssetBasedMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:VentureCapitalLoansMember us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:MortgagesMember 2018-01-01 2018-06-30 0001102112 pacw:AssetBasedMember us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 us-gaap:CommercialRealEstateMember us-gaap:MortgagesMember 2018-01-01 2018-06-30 0001102112 us-gaap:ConsumerPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2019-03-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2019-03-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2019-03-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2019-03-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2019-03-31 0001102112 pacw:ClassifiedMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:SpecialMentionMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:AssetBasedMember us-gaap:PassMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember us-gaap:PassMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:SpecialMentionMember us-gaap:MortgagesMember 2018-12-31 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:SpecialMentionMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:ClassifiedMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember us-gaap:PassMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:AssetBasedMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:ClassifiedMember us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:SpecialMentionMember 2018-12-31 0001102112 us-gaap:CommercialRealEstateMember pacw:ClassifiedMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:AssetBasedMember us-gaap:SpecialMentionMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember pacw:ClassifiedMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:SpecialMentionMember us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:MortgagesMember 2018-12-31 0001102112 us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:CommercialRealEstateMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember us-gaap:SpecialMentionMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember us-gaap:SpecialMentionMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:ResidentialRealEstateMember pacw:ClassifiedMember us-gaap:MortgagesMember 2018-12-31 0001102112 us-gaap:PassMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:AssetBasedMember pacw:ClassifiedMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember us-gaap:PassMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:CommercialRealEstateMember us-gaap:SpecialMentionMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:PassMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0001102112 pacw:OtherCommercialMember pacw:ClassifiedMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:OtherCommercialMember us-gaap:PassMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:PassMember us-gaap:MortgagesMember 2018-12-31 0001102112 us-gaap:PassMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember pacw:ClassifiedMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:OtherCommercialMember us-gaap:SpecialMentionMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:PassMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember us-gaap:SpecialMentionMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:SpecialMentionMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:CommercialRealEstateMember us-gaap:PassMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:ClassifiedMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:ClassifiedMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:ClassifiedMember 2018-12-31 0001102112 us-gaap:PassMember us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember pacw:EquipmentFinanceCommercialFinancingReceivableMember 2019-04-01 2019-06-30 0001102112 pacw:NonaccrualMember 2019-06-30 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 us-gaap:CreditConcentrationRiskMember 2019-01-01 2019-06-30 0001102112 pacw:VentureCapitalLoansMember pacw:EquipmentFinanceCommercialFinancingReceivableMember 2019-01-01 2019-06-30 0001102112 pacw:PurchasedCreditImpairedLoansandLeasesMember 2017-12-31 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-06-30 0001102112 us-gaap:CommercialPortfolioSegmentMember 2018-01-01 2018-06-30 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2019-04-01 2019-06-30 0001102112 us-gaap:CreditConcentrationRiskMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2018-01-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2017-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2017-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2017-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2017-12-31 0001102112 us-gaap:MortgagesMember 2018-01-01 2018-06-30 0001102112 pacw:RealEstateConstructionMember 2018-01-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2019-01-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2019-01-01 2019-06-30 0001102112 us-gaap:ConsumerPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2018-03-31 0001102112 us-gaap:CommercialPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember pacw:RealEstateConstructionMember 2018-03-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:MortgagesMember 2018-03-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember 2018-04-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:ConsumerPortfolioSegmentMember 2018-03-31 0001102112 pacw:RealEstateConstructionMember 2018-04-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:CommercialPortfolioSegmentMember 2018-03-31 0001102112 us-gaap:MortgagesMember 2018-04-01 2018-06-30 0001102112 pacw:AssetBasedMember us-gaap:CommercialPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 us-gaap:CommercialRealEstateMember us-gaap:MortgagesMember 2018-04-01 2018-06-30 0001102112 pacw:VentureCapitalLoansMember us-gaap:CommercialPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 pacw:OtherCommercialMember us-gaap:CommercialPortfolioSegmentMember 2018-04-01 2018-06-30 0001102112 pacw:AssetBasedMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:PerformingFinancingReceivableMember 2019-06-30 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 us-gaap:ResidentialRealEstateMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember us-gaap:MortgagesMember 2018-12-31 0001102112 us-gaap:PerformingFinancingReceivableMember us-gaap:MortgagesMember 2019-06-30 0001102112 us-gaap:PerformingFinancingReceivableMember us-gaap:ConsumerPortfolioSegmentMember 2019-06-30 0001102112 us-gaap:ResidentialRealEstateMember us-gaap:PerformingFinancingReceivableMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember us-gaap:PerformingFinancingReceivableMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 pacw:OtherCommercialMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:CommercialRealEstateMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:VentureCapitalLoansMember us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:OtherCommercialMember us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:ResidentialRealEstateConstructionFinancingReceivableMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember pacw:RealEstateConstructionMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001102112 us-gaap:CommercialRealEstateMember us-gaap:PerformingFinancingReceivableMember us-gaap:MortgagesMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:PerformingFinancingReceivableMember us-gaap:MortgagesMember 2018-12-31 0001102112 pacw:CommercialRealEstateConstructionLoanReceivableMember us-gaap:PerformingFinancingReceivableMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 us-gaap:PerformingFinancingReceivableMember pacw:RealEstateConstructionMember 2019-06-30 0001102112 pacw:AssetBasedMember us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2019-06-30 0001102112 pacw:ConstructionandLandDevelopmentMember 2019-06-30 0001102112 srt:MultifamilyMember 2019-06-30 0001102112 us-gaap:CommercialRealEstateMember 2018-12-31 0001102112 pacw:ConstructionandLandDevelopmentMember 2018-12-31 0001102112 us-gaap:ResidentialMortgageMember 2018-12-31 0001102112 us-gaap:ResidentialMortgageMember 2019-06-30 0001102112 srt:MultifamilyMember 2018-12-31 0001102112 us-gaap:CommercialRealEstateMember 2019-06-30 0001102112 srt:ScenarioForecastMember 2019-01-01 2019-12-31 0001102112 2018-01-01 2019-06-30 0001102112 pacw:CommunityReinvestmentActInvestmentsMember 2019-06-30 0001102112 pacw:CommunityReinvestmentActInvestmentsMember 2018-12-31 0001102112 srt:MaximumMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandFiveSeriesTwoMember 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TwoThousandSixTwoTermDebtSecuritizationMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVIDueSeptember2033Member 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustCIIDueSeptember2033Member 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesThreeMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVDueSeptember2033Member 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TwoThousandSixOneTermDebtSecuritizationMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVDueSeptember2033Member 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVIIDueApril2034Member 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustCIIIDueSeptember2035Member 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVIIDueApril2034Member 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TwoThousandSixOneTermDebtSecuritizationMember 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesFiveMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandFiveSeriesTwoMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustCIIDueSeptember2033Member 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustFCBIDueDecember2035Member 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesFourMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVIIDueApril2034Member 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVDueSeptember2033Member 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustFCBIDueDecember2035Member 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesThreeMember 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandFiveSeriesOneMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesFourMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandFiveSeriesOneMember 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustFCBIDueDecember2035Member 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:TwoThousandSixOneTermDebtSecuritizationMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustFCCIDueMarch2037Member 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVIDueSeptember2033Member 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesFiveMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustFCCIDueMarch2037Member 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:TwoThousandSixTwoTermDebtSecuritizationMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandFiveSeriesTwoMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSevenSeriesTwoMember 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSevenSeriesTwoMember 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TwoThousandSixTwoTermDebtSecuritizationMember 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustCIIIDueSeptember2035Member 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustCIIDueSeptember2033Member 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesFourMember 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustFCCIDueMarch2037Member 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesThreeMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSixSeriesFiveMember 2019-01-01 2019-06-30 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustVIDueSeptember2033Member 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandFiveSeriesOneMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:TrustPreferredSecuritiesTwoThousandSevenSeriesTwoMember 2018-12-31 0001102112 us-gaap:SubordinatedDebtMember pacw:SubordinatedDebtTrustCIIIDueSeptember2035Member 2018-12-31 0001102112 pacw:AmericanFinancialExchangeMember 2018-12-31 0001102112 srt:FederalHomeLoanBankOfSanFranciscoMember us-gaap:SecuredDebtMember 2019-06-30 0001102112 srt:FederalHomeLoanBankOfSanFranciscoMember us-gaap:UnsecuredDebtMember 2019-06-30 0001102112 pacw:AmericanFinancialExchangeMember 2019-06-30 0001102112 srt:FederalHomeLoanBankOfSanFranciscoMember us-gaap:UnsecuredDebtMember 2018-12-31 0001102112 us-gaap:NotesPayableOtherPayablesMember 2018-12-31 0001102112 us-gaap:NotesPayableOtherPayablesMember 2019-06-30 0001102112 srt:FederalHomeLoanBankOfSanFranciscoMember us-gaap:SecuredDebtMember 2018-12-31 0001102112 us-gaap:ShortTermDebtMember pacw:AmericanFinancialExchangeMember 2019-06-30 0001102112 srt:FederalHomeLoanBankOfSanFranciscoMember us-gaap:UnusedLinesOfCreditMember 2019-06-30 0001102112 us-gaap:UnusedLinesOfCreditMember 2019-01-01 2019-06-30 0001102112 srt:FederalHomeLoanBankOfSanFranciscoMember us-gaap:MaturityOvernightMember 2018-12-31 0001102112 us-gaap:FederalReserveBankAdvancesMember 2019-06-30 0001102112 pacw:TrustPreferredSecuritiesTwoThousandSixSeriesThreeMember 2019-06-30 0001102112 us-gaap:MaturityOvernightMember pacw:AmericanFinancialExchangeMember 2019-06-30 0001102112 us-gaap:NotesPayableOtherPayablesMember 2019-01-01 2019-06-30 0001102112 us-gaap:UnusedLinesOfCreditMember 2019-06-30 0001102112 srt:FederalHomeLoanBankOfSanFranciscoMember us-gaap:MaturityOvernightMember 2019-06-30 0001102112 srt:FederalHomeLoanBankOfSanFranciscoMember 2019-06-30 0001102112 us-gaap:FederalReserveBankAdvancesMember us-gaap:SecuredDebtMember 2019-06-30 0001102112 us-gaap:FederalReserveBankAdvancesMember 2018-12-31 0001102112 us-gaap:UnusedLinesOfCreditMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0001102112 us-gaap:WarrantMember 2019-01-01 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain 2019-01-01 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:OthersecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:OthersecuritiesMember 2018-12-31 0001102112 us-gaap:AssetBackedSecuritiesMember 2019-01-01 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member 2019-01-01 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:OthersecuritiesMember 2019-01-01 2019-06-30 0001102112 pacw:PrivateLabelCollateralizedMortgageObligationsMember 2019-01-01 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember pacw:SBAassetbackedsecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember pacw:SBAassetbackedsecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:SBAassetbackedsecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember pacw:SBAassetbackedsecuritiesMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 pacw:OtherrealestateandforeclosedassetsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 pacw:OtherrealestateandforeclosedassetsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 pacw:OtherrealestateandforeclosedassetsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember pacw:ThirdPartyAppraisalsDomain 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 pacw:OtherrealestateandforeclosedassetsMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001102112 pacw:OtherrealestateandforeclosedassetsMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-01-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-04-01 2018-06-30 0001102112 us-gaap:FairValueMeasurementsNonrecurringMember 2019-01-01 2019-06-30 0001102112 pacw:OtherrealestateandforeclosedassetsMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-04-01 2018-06-30 0001102112 us-gaap:FairValueMeasurementsNonrecurringMember 2018-04-01 2018-06-30 0001102112 pacw:OtherrealestateandforeclosedassetsMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-01-01 2019-06-30 0001102112 us-gaap:FairValueMeasurementsNonrecurringMember 2019-04-01 2019-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-04-01 2019-06-30 0001102112 us-gaap:FairValueMeasurementsNonrecurringMember 2018-01-01 2018-06-30 0001102112 pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-01-01 2019-06-30 0001102112 pacw:OtherrealestateandforeclosedassetsMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-01-01 2018-06-30 0001102112 pacw:DiscountRatesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember pacw:DiscountedCashFlowMember 2019-06-30 0001102112 pacw:NoDiscountsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember pacw:ThirdPartyAppraisalsDomain 2019-06-30 0001102112 pacw:DiscountRatesMember srt:WeightedAverageMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:MeasurementInputDiscountRateMember pacw:DiscountedCashFlowMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:WarrantMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:WarrantMember us-gaap:MeasurementInputRiskFreeInterestRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:WarrantMember us-gaap:MeasurementInputPriceVolatilityMember 2019-01-01 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001102112 pacw:NonPCIandPCILoansMember us-gaap:FairValueInputsLevel2Member 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member 2019-06-30 0001102112 pacw:NonPCIandPCILoansMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedLoanObligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedLoanObligationsMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember pacw:SBAassetbackedsecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember pacw:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedLoanObligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedLoanObligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember pacw:SBAassetbackedsecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:SBAassetbackedsecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2019-06-30 0001102112 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember pacw:SBAassetbackedsecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001102112 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 us-gaap:FairValueInputsLevel1Member 2018-12-31 0001102112 us-gaap:FairValueInputsLevel2Member 2018-12-31 0001102112 pacw:NonPCIandPCILoansMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001102112 pacw:NonPCIandPCILoansMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001102112 pacw:NonPCIandPCILoansMember 2018-12-31 0001102112 pacw:NonPCIandPCILoansMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:CoveredPrivateLabelCollateralizedMortgageObligationsMemberDomain us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 pacw:DiscountRatesMember srt:MinimumMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:MeasurementInputDiscountRateMember pacw:DiscountedCashFlowMember 2019-01-01 2019-06-30 0001102112 pacw:DiscountRatesMember srt:MaximumMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:MeasurementInputDiscountRateMember pacw:DiscountedCashFlowMember 2019-01-01 2019-06-30 0001102112 pacw:NoninterestIncomeMember 2018-01-01 2018-06-30 0001102112 pacw:OtherMember 2019-01-01 2019-06-30 0001102112 pacw:GainOnSaleOfLoansMember 2018-01-01 2018-06-30 0001102112 pacw:LeaseEquipmentIncomeMember 2019-01-01 2019-06-30 0001102112 pacw:OtherMember 2018-01-01 2018-06-30 0001102112 pacw:LeaseEquipmentIncomeMember 2018-01-01 2018-06-30 0001102112 pacw:OtherCommissionsAndFeesMember 2018-01-01 2018-06-30 0001102112 pacw:NoninterestIncomeMember 2019-01-01 2019-06-30 0001102112 pacw:GainOnSaleOfSecuritiesMember 2019-01-01 2019-06-30 0001102112 pacw:OtherCommissionsAndFeesMember 2019-01-01 2019-06-30 0001102112 pacw:GainOnSaleOfLoansMember 2019-01-01 2019-06-30 0001102112 pacw:GainOnSaleOfSecuritiesMember 2018-01-01 2018-06-30 0001102112 pacw:ServiceChargesOnDepositAccountsMember 2018-01-01 2018-06-30 0001102112 pacw:ServiceChargesOnDepositAccountsMember 2019-01-01 2019-06-30 0001102112 pacw:InterestMember 2019-01-01 2019-06-30 0001102112 pacw:InterestMember 2018-01-01 2018-06-30 0001102112 2018-01-01 2018-12-31 0001102112 pacw:GainOnSaleOfLoansMember 2019-04-01 2019-06-30 0001102112 pacw:GainOnSaleOfSecuritiesMember 2018-04-01 2018-06-30 0001102112 pacw:OtherCommissionsAndFeesMember 2019-04-01 2019-06-30 0001102112 pacw:GainOnSaleOfLoansMember 2018-04-01 2018-06-30 0001102112 pacw:ServiceChargesOnDepositAccountsMember 2018-04-01 2018-06-30 0001102112 pacw:NoninterestIncomeMember 2018-04-01 2018-06-30 0001102112 pacw:InterestMember 2018-04-01 2018-06-30 0001102112 pacw:OtherMember 2018-04-01 2018-06-30 0001102112 pacw:OtherCommissionsAndFeesMember 2018-04-01 2018-06-30 0001102112 pacw:OtherMember 2019-04-01 2019-06-30 0001102112 pacw:LeaseEquipmentIncomeMember 2018-04-01 2018-06-30 0001102112 pacw:NoninterestIncomeMember 2019-04-01 2019-06-30 0001102112 pacw:GainOnSaleOfSecuritiesMember 2019-04-01 2019-06-30 0001102112 pacw:ServiceChargesOnDepositAccountsMember 2019-04-01 2019-06-30 0001102112 pacw:LeaseEquipmentIncomeMember 2019-04-01 2019-06-30 0001102112 pacw:InterestMember 2019-04-01 2019-06-30 0001102112 us-gaap:RestrictedStockMember pacw:VestingBasedOnServiceMember 2019-01-01 2019-03-31 0001102112 us-gaap:RestrictedStockMember pacw:VestingBasedOnServiceMember 2018-04-01 2018-06-30 0001102112 us-gaap:RestrictedStockMember pacw:VestingBasedOnServiceMember 2018-01-01 2018-06-30 0001102112 srt:MaximumMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2019-01-01 2019-06-30 0001102112 pacw:PacWest2003StockIncentivePlanMember 2019-06-30 0001102112 us-gaap:RestrictedStockMember pacw:VestingBasedOnServiceMember 2019-01-01 2019-06-30 0001102112 us-gaap:PerformanceSharesMember 2019-06-30 0001102112 pacw:TimeBasedRestrictedStockAwardsMember pacw:PacWest2003StockIncentivePlanMember 2019-06-30 0001102112 us-gaap:RestrictedStockMember pacw:VestingBasedOnServiceMember 2019-04-01 2019-06-30 0001102112 pacw:RestrictedStockAwardsAndPerformanceBasedRestrictedStockMember 2019-06-30 0001102112 us-gaap:PerformanceSharesMember 2019-01-01 2019-06-30 0001102112 us-gaap:DividendDeclaredMember us-gaap:SubsequentEventMember 2019-08-01 2019-08-01 0001102112 srt:MinimumMember 2019-06-30 0001102112 pacw:SubordinatedDebtTrustCIIDueSeptember2033Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:SubordinatedDebtTrustVDueSeptember2033Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:TrustPreferredSecuritiesTwoThousandFiveSeriesOneMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:TrustPreferredSecuritiesTwoThousandSixSeriesFiveMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:TrustPreferredSecuritiesTwoThousandFiveSeriesTwoMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:TwoThousandSixOneTermDebtSecuritizationMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:SubordinatedDebtTrustCIIIDueSeptember2035Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:SubordinatedDebtTrustVIDueSeptember2033Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:SubordinatedDebtTrustVIIDueApril2034Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:TwoThousandSixTwoTermDebtSecuritizationMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:SubordinatedDebtTrustFCBIDueDecember2035Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:TrustPreferredSecuritiesTwoThousandSixSeriesThreeMember pacw:EuriborRateMember 2019-01-01 2019-06-30 0001102112 pacw:TrustPreferredSecuritiesTwoThousandSevenSeriesTwoMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:TrustPreferredSecuritiesTwoThousandSixSeriesFourMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 pacw:SubordinatedDebtTrustFCCIDueMarch2037Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:MeasurementInputDiscountRateMember pacw:DiscountedCashFlowMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:MeasurementInputDiscountRateMember pacw:DiscountedCashFlowMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember pacw:NonPurchasedCreditImpairedLoansAndLeasesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:MeasurementInputDiscountRateMember pacw:DiscountedCashFlowMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputPrepaymentRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputLossSeverityMember 2019-01-01 2019-06-30 0001102112 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputDefaultRateMember 2019-01-01 2019-06-30 0001102112 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember pacw:PrivateLabelCollateralizedMortgageObligationsMember us-gaap:MeasurementInputDiscountRateMember 2019-01-01 2019-06-30 pacw:acquisition iso4217:USD xbrli:shares iso4217:USD xbrli:shares pacw:bank_branch xbrli:pure pacw:contract iso4217:EUR pacw:other_office



 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549  
Form 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2019
Commission File No. 001-36408
PACWEST BANCORP
(Exact name of registrant as specified in its charter)
Delaware
 
33-0885320
(State of Incorporation)
 
(I.R.S. Employer Identification No.)
9701 Wilshire Blvd., Suite 700
Beverly Hills, CA 90212
(Address of Principal Executive Offices, Including Zip Code)
(310) 887-8500
(Registrant's Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Act:
Common Stock, par value $0.01 per share
 
PACW
 
The Nasdaq Stock Market, LLC
(Title of Each Class)
 
(Trading Symbol)
 
(Name of Exchange on Which Registered)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes        No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes        No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
Accelerated filer
Non-accelerated filer
 
 
 
 
 
 
Smaller reporting company
Emerging growth company
 
 
 
 
 
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     Yes        No  
As of July 30, 2019, there were 118,205,610 shares of the registrant's common stock outstanding, excluding 1,616,831 shares of unvested restricted stock.


1



PACWEST BANCORP
JUNE 30, 2019 QUARTERLY REPORT ON FORM 10-Q
TABLE OF CONTENTS
 
 
 
Page
 
PART I. FINANCIAL INFORMATION
 
 
 
Item 1.
Condensed Consolidated Financial Statements (Unaudited)
 
 
Condensed Consolidated Balance Sheets (Unaudited)
 
Condensed Consolidated Statements of Earnings (Unaudited)
 
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
 
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)
 
Condensed Consolidated Statements of Cash Flows (Unaudited)
 
Notes to Condensed Consolidated Financial Statements (Unaudited)
Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Item 4.
Controls and Procedures
 
PART II. OTHER INFORMATION
 
 
 
Item 1.
Legal Proceedings
Item 1A.
Risk Factors
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
Item 6.
Index to Exhibits
Signatures


2


PART I
Glossary of Acronyms, Abbreviations, and Terms
The acronyms, abbreviations, and terms listed below are used in various sections of this Form 10-Q, including "Item 1. Financial Statements" and "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations."
AFX
American Financial Exchange
 
FRBSF
Federal Reserve Bank of San Francisco
ALLL
Allowance for Loan and Lease Losses
 
IPO
Initial Public Offering
ALM
Asset Liability Management
 
IRR
Interest Rate Risk
ASC
Accounting Standards Codification
 
LIBOR
London Inter-bank Offered Rate
ASU
Accounting Standards Update
 
LIHTC
Low Income Housing Tax Credit
Basel III
A comprehensive capital framework and rules for U.S. banking organizations approved by the FRB and the FDIC in 2013
 
MBS
Mortgage-Backed Securities
BHCA
Bank Holding Company Act of 1956, as amended
 
MVE
Market Value of Equity
BOLI
Bank Owned Life Insurance
 
NII
Net Interest Income
C&I
Commercial and Industrial
 
NIM
Net Interest Margin
CDI
Core Deposit Intangible Assets
 
Non-PCI
Non-Purchased Credit Impaired
CECL
Current Expected Credit Loss
 
NSF
Non-Sufficient Funds
CET1
Common Equity Tier 1
 
OREO
Other Real Estate Owned
CMOs
Collateralized Mortgage Obligations
 
PD/LGD
Probability of Default/Loss Given Default
CPI
Consumer Price Index
 
PCI
Purchased Credit Impaired
CRA
Community Reinvestment Act
 
PRSUs
Performance-Based Restricted Stock Units
CRI
Customer Relationship Intangible Assets
 
PWAM
Pacific Western Asset Management Inc.
CUB
CU Bancorp (a company acquired on October 20, 2017)
 
ROU
Right-of-use
CU Bank
California United Bank (a wholly-owned subsidiary of CUB)
 
SBA
Small Business Administration
DBO
California Department of Business Oversight
 
SEC
Securities and Exchange Commission
DTAs
Deferred Tax Assets
 
Square 1
Square 1 Financial, Inc. (a company acquired on October 6, 2015)
Dodd-Frank Act
Dodd-Frank Wall Street Reform and Consumer Protection Act
 
Tax Equivalent Net Interest Income
Net interest income adjusted for tax equivalent adjustments related to tax-exempt interest on certain loans and investment securities
Efficiency Ratio
Noninterest expense (less intangible asset amortization, net foreclosed assets income/expense, and acquisition, integration and reorganization costs) divided by net revenues (the sum of tax equivalent net interest income plus noninterest income, less gain/loss on sale of securities and gain/loss on sales of assets other than loans and leases)
 
Tax Equivalent NIM
NIM adjusted for tax equivalent adjustments related to tax-exempt interest on certain loans and investment securities
FASB
Financial Accounting Standards Board
 
TCJA
Tax Cuts and Jobs Act
FDIC
Federal Deposit Insurance Corporation
 
TDRs
Troubled Debt Restructurings
FHLB
Federal Home Loan Bank of San Francisco
 
TRSAs
Time-Based Restricted Stock Awards
FRB
Board of Governors of the Federal Reserve System
 
U.S. GAAP
U.S. Generally Accepted Accounting Principles
 
 
 
VIE
Variable Interest Entity


3



ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

PACWEST BANCORP AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
 
June 30,
 
December 31,
 
2019
 
2018
 
(Unaudited)
 
(Dollars in thousands, except par value amounts)
ASSETS:
 
 
 
Cash and due from banks
$
185,075

 
$
175,830

Interest-earning deposits in financial institutions
422,663

 
209,937

Total cash, cash equivalents, and restricted cash
607,738

 
385,767

Securities available-for-sale, at fair value
3,807,244

 
4,009,431

Federal Home Loan Bank stock, at cost
43,146

 
32,103

Total investment securities
3,850,390

 
4,041,534

Gross loans and leases held for investment
18,532,740

 
18,026,365

Deferred fees, net
(59,888
)
 
(68,652
)
Allowance for loan and lease losses
(135,037
)
 
(132,472
)
Total loans and leases held for investment, net
18,337,815

 
17,825,241

Equipment leased to others under operating leases
300,668

 
292,677

Premises and equipment, net
38,162

 
34,661

Foreclosed assets, net
1,472

 
5,299

Deferred tax asset, net

 
17,489

Goodwill
2,548,670

 
2,548,670

Core deposit and customer relationship intangibles, net
47,380

 
57,120

Other assets
612,119

 
522,896

Total assets
$
26,344,414

 
$
25,731,354

 
 
 
 
LIABILITIES:
 
 
 
Noninterest-bearing deposits
$
7,299,213

 
$
7,888,915

Interest-bearing deposits
11,506,543

 
10,981,586

Total deposits
18,805,756

 
18,870,501

Borrowings
1,913,059

 
1,371,114

Subordinated debentures
456,112

 
453,846

Accrued interest payable and other liabilities
317,477

 
210,305

Total liabilities
21,492,404

 
20,905,766

 
 
 
 
Commitments and contingencies


 


 
 
 
 
STOCKHOLDERS' EQUITY:
 
 
 
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued and outstanding)

 

Common stock ($0.01 par value, 200,000,000 shares authorized at June 30, 2019 and
 
 
 
December 31, 2018; 121,906,949 and 125,079,705 shares issued, respectively, includes
 
 
 
1,623,494 and 1,344,656 shares of unvested restricted stock, respectively)
1,219

 
1,251

Additional paid-in capital
3,435,679

 
3,722,723

Retained earnings
1,424,341

 
1,182,674

Treasury stock, at cost (2,077,845 and 1,889,872 shares at June 30, 2019 and December 31, 2018)
(82,295
)
 
(74,985
)
Accumulated other comprehensive income (loss), net
73,066

 
(6,075
)
Total stockholders' equity
4,852,010

 
4,825,588

Total liabilities and stockholders' equity
$
26,344,414

 
$
25,731,354

See Notes to Condensed Consolidated Financial Statements.

4



PACWEST BANCORP AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
March 31,
 
June 30,
 
June 30,
 
2019
 
2019
 
2018
 
2019
 
2018
 
(Unaudited)
 
(Dollars in thousands, except per share amounts)
Interest income:
 
 
 
 
 
 
 
 
 
Loans and leases
$
284,236

 
$
274,229

 
$
260,300

 
$
558,465

 
$
511,385

Investment securities
28,948

 
29,680

 
27,730

 
58,628

 
53,868

Deposits in financial institutions
1,349

 
650

 
484

 
1,999

 
1,036

Total interest income
314,533

 
304,559

 
288,514

 
619,092

 
566,289

Interest expense:
 
 
 
 
 
 
 
 
 
Deposits
38,720

 
34,235

 
16,367

 
72,955

 
30,185

Borrowings
7,210

 
7,710

 
2,649

 
14,920

 
3,569

Subordinated debentures
7,705

 
7,738

 
7,166

 
15,443

 
13,703

Total interest expense
53,635

 
49,683

 
26,182

 
103,318

 
47,457

Net interest income
260,898

 
254,876

 
262,332

 
515,774

 
518,832

Provision for credit losses
8,000

 
4,000

 
17,500

 
12,000

 
21,500

Net interest income after provision for credit losses
252,898

 
250,876

 
244,832

 
503,774

 
497,332

Noninterest income:
 
 
 
 
 
 
 
 
 
Other commissions and fees
11,590

 
11,008

 
11,767

 
22,598

 
22,032

Leased equipment income
9,182

 
9,282

 
9,790

 
18,464

 
19,377

Service charges on deposit accounts
3,771

 
3,730

 
4,265

 
7,501

 
8,439

Gain on sale of loans and leases
326

 

 
106

 
326

 
4,675

Gain on sale of securities
22,192

 
2,161

 
253

 
24,353

 
6,564

Other income
3,832

 
4,883

 
13,457

 
8,715

 
17,110

Total noninterest income
50,893

 
31,064

 
39,638

 
81,957

 
78,197

Noninterest expense:
 
 
 
 
 
 
 
 
 
Compensation
68,956

 
70,845

 
69,913

 
139,801

 
140,936

Occupancy
14,457

 
14,320

 
13,575

 
28,777

 
26,798

Data processing
6,817

 
6,925

 
6,896

 
13,742

 
13,555

Leased equipment depreciation
5,558

 
5,651

 
5,237

 
11,209

 
10,612

Intangible asset amortization
4,870

 
4,870

 
5,587

 
9,740

 
11,933

Other professional services
4,629

 
4,513

 
5,257

 
9,142

 
9,696

Insurance and assessments
4,098

 
4,038

 
5,330

 
8,136

 
11,057

Loan expense
3,451

 
2,885

 
3,058

 
6,336

 
5,329

Acquisition, integration and reorganization costs

 
618

 

 
618

 

Foreclosed assets (income) expense, net
(146
)
 
29

 
(61
)
 
(117
)
 
(183
)
Other expense
12,737

 
11,593

 
11,657

 
24,330

 
24,111

Total noninterest expense
125,427

 
126,287

 
126,449

 
251,714

 
253,844

Earnings before income taxes
178,364

 
155,653

 
158,021

 
334,017

 
321,685

Income tax expense
50,239

 
43,049

 
42,286

 
93,288

 
87,674

Net earnings
$
128,125

 
$
112,604

 
$
115,735

 
$
240,729

 
$
234,011

 
 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
 
Basic
$
1.07

 
$
0.92

 
$
0.92

 
$
1.99

 
$
1.85

Diluted
$
1.07

 
$
0.92

 
$
0.92

 
$
1.99

 
$
1.85

See Notes to Condensed Consolidated Financial Statements.

5



PACWEST BANCORP AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 
Three Months Ended
 
Six Months Ended
 
June 30,
 
March 31,
 
June 30,
 
June 30,
 
2019
 
2019
 
2018
 
2019
 
2018
 
(Unaudited)
 
(In thousands)
Net earnings
$
128,125

 
$
112,604

 
$
115,735

 
$
240,729

 
$
234,011

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
Unrealized net holding gains (losses) on securities
 
 
 
 
 
 
 
 
 
available-for-sale arising during the period
72,168

 
62,639

 
(14,325
)
 
134,807

 
(76,994
)
Income tax (expense) benefit related to net unrealized
 
 
 
 
 
 
 
 
 
holding gains (losses) arising during the period
(20,459
)
 
(17,758
)
 
4,102

 
(38,217
)
 
22,033

Unrealized net holding gains (losses) on securities
 
 
 
 
 
 
 
 
 
available-for-sale, net of tax
51,709

 
44,881

 
(10,223
)
 
96,590

 
(54,961
)
Reclassification adjustment for net gains
 
 
 
 
 
 
 
 
 
included in net earnings (1)
(22,192
)
 
(2,161
)
 
(253
)
 
(24,353
)
 
(6,564
)
Income tax expense related to reclassification
 
 
 
 
 
 
 
 
 
adjustment
6,291

 
613

 
72

 
6,904

 
1,878

Reclassification adjustment for net gains
 
 
 
 
 
 
 
 
 
included in net earnings, net of tax
(15,901
)
 
(1,548
)
 
(181
)
 
(17,449
)
 
(4,686
)
Other comprehensive income (loss), net of tax
35,808

 
43,333

 
(10,404
)
 
79,141

 
(59,647
)
Comprehensive income
$
163,933

 
$
155,937

 
$
105,331

 
$
319,870

 
$
174,364

___________________________________ 
(1)
Entire amounts are recognized in "Gain on sale of securities" on the Condensed Consolidated Statements of Earnings.
See Notes to Condensed Consolidated Financial Statements.


6



PACWEST BANCORP AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
 
Six Months Ended June 30, 2019
 
Common Stock
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
Additional
 
 
 
 
 
Other
 
 
 
 
 
Par
 
Paid-in
 
Retained
 
Treasury
 
Comprehensive
 
 
 
Shares
 
Value
 
Capital
 
Earnings
 
Stock
 
Income (Loss)
 
Total
 
(Unaudited)
 
(Dollars in thousands)
Balance, December 31, 2018
123,189,833

 
$
1,251

 
$
3,722,723

 
$
1,182,674

 
$
(74,985
)
 
$
(6,075
)
 
$
4,825,588

Cumulative effect of change in
 
 
 
 
 
 
 
 
 
 
 
 
 
accounting principle (1)

 

 

 
938

 

 

 
938

Net earnings

 

 

 
112,604

 

 

 
112,604

Other comprehensive income - net
 
 
 
 
 
 
 
 
 
 
 
 
 
unrealized gain on securities
 
 
 
 
 
 
 
 
 
 
 
 
 
available-for-sale, net of tax

 

 

 

 

 
43,333

 
43,333

Restricted stock awarded and
 
 
 
 
 
 
 
 
 
 
 
 
 
earned stock compensation,
 
 
 
 
 
 
 
 
 
 
 
 
 
net of shares forfeited
195,536

 
2

 
5,806

 

 

 

 
5,808

Restricted stock surrendered
(113,544
)
 

 

 

 
(4,522
)
 

 
(4,522
)
Common stock repurchased under
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock Repurchase Program
(3,070,676
)
 
(31
)
 
(119,556
)
 

 

 

 
(119,587
)
Cash dividends paid: