Wilshire Bancorp Reports Net Income of $15.2 Million or $0.21 Earnings per Share for Fourth Quarter 2012

Wilshire Bancorp Reports Net Income of $15.2 Million or $0.21 Earnings per
Share for Fourth Quarter 2012

LOS ANGELES, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc.
(Nasdaq:WIBC) (the "Company"), the holding company for Wilshire State Bank
(the "Bank"), today reported net income available to common shareholders of
$15.2 million, or $0.21 per diluted common share, for the quarter ended
December 31, 2012. This compares to net income available to common
shareholders of $5.8 million, or $0.08 per common share, for the same period
of the prior year, and net income of $38.5 million, or $0.54 per common share,
for the third quarter of 2012. The increase in net income from the fourth
quarter of 2011 is primarily attributable to a $12.0 million negative
provision for losses on loans and loan commitments. The decline in net income
from the third quarter of 2012 is primarily attributable to the return to a
normalized tax provision.

For the full year 2012, the Company reported net income available to common
shareholders of $93.7 million, or $1.31 per diluted common share, compared
with a net loss of $34.0 million, or ($0.61) per share, for the full year
2011.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, "We ended
2012 with another strong quarter, which contributed to the most profitable
year in the history of the Company. Our new business development efforts
continue to gain momentum, as we had $264 million in loan originations during
the fourth quarter, which represents our highest level of loan production in
several years. At the same time, our credit quality continues to show strong
improvement with non-covered non-accrual loans declining by 32% from the end
of the prior quarter. This improvement reflects our effective management of
problem assets, which is resulting in a steady migration of non-accrual loans
back to accrual status and the continued pay-down of outstanding problem
loans.

"As we begin 2013, we are optimistic that we will continue to generate solid
profitability. We expect to continue seeing good demand for CRE loans, and we
believe the investments we have made to build our commercial, SBA, and
residential real estate lending businesses will continue to generate strong
loan production this year. In addition, we continue to have a significant
amount of excess capital that we can utilize to create additional value for
shareholders going forward," said Mr. Yoo.

Q4 2012 Summary:

  *Net income available to common shareholders of $15.2 million or $0.21 per
    diluted share
  *Loans receivable totaled $2.01 billion at December 31, 2012, an increase
    of 3.0% from $1.95 billion at September 30, 2012
  *Loan originations for the fourth quarter of 2012 totaled $264.4 million,
    compared to total loan originations of $209.2 million for the third
    quarter of 2012
  *Improved deposit mix with non-interest-bearing demand deposits increasing
    to 27.0% of total deposits at December 31, 2012 from 24.8% at September
    30, 2012
  *Non-covered non-accrual loans declined 31.7% and non-covered delinquencies
    declined 56.8% from end of prior quarter
  *Non-covered classified and criticized loans declined 4.7% and 12.6%,
    respectively, from Q3 2012 to Q4 2012
  *Improved credit quality and reduced gross charge-offs resulted in a $12.0
    million negative provision for losses on loans and loan commitments for Q4
    2012

STATEMENT OF OPERATIONS

Net Interest Income and Margin

Net interest income before credit for losses on loans and loan commitments
totaled $25.6 million in the fourth quarter of 2012, an increase of 1.6% from
$25.2 million for the fourth quarter of 2011, and unchanged from the third
quarter of 2012. The increase from the prior year was primarily due to a
decline in interest expense on both deposits and borrowings.

Net interest margin was 4.33% for the fourth quarter of 2012, compared to
4.17% in the fourth quarter of 2011, and 4.35% for the third quarter of 2012.
The decrease in net interest margin from the third quarter of 2012 was
primarily due to lower yields on loans, partially offset by a reduction in the
cost of deposits and a reduction in interest earning cash at the Federal
Reserve Bank.

Loan yields decreased to 5.54% for the fourth quarter of 2012 from 5.73% for
the third quarter of 2012 due to the large amount of loans that were
originated at rates that were lower than that of the existing portfolio, due
to the low interest rate environment and competitive landscape within the
banking industry. The total cost of interest-bearing deposits declined to
0.79% for the fourth quarter of 2012, down from 0.87% for the third quarter of
2012. Cost of total deposits was reduced to 0.59% for the fourth quarter of
2012, compared to 0.66% during the previous quarter. The reduction in deposit
rates was a result of declines in deposit costs across all categories combined
with an increase in demand deposits as a percentage of total deposits.

Non-Interest Income

Total non-interest income was $6.7 million for the fourth quarter of 2012,
compared to $5.8 million for the fourth quarter of 2011, and $6.6 million for
third quarter of 2012. The major categories of non-interest income in the
fourth quarter of 2012 were relatively unchanged from the prior quarter. Other
non-interest income for the fourth quarter of 2012 slightly increased compared
to prior quarters due to an increase in loan servicing income.

The $1.2 million in net gains on sales of loans recognized in the fourth
quarter of 2012 represents $1.1 million in gains from the sale of SBA loans,
and $84 thousand in gains from the sale of mortgage and other loans.

Non-Interest Expense

Total non-interest expense was $20.7 million for the fourth quarter of 2012,
compared with $16.2 million for the fourth quarter of 2011, and $18.3 million
for the third quarter of 2012. The increase in total non-interest expense for
the fourth quarter of 2012 compared to prior quarters was primarily due to a
higher impairment charge against the FDIC indemnification asset.

During the fourth quarter of 2012, the Company recorded an additional
impairment of the FDIC indemnification asset amounting to $3.9 million. The
impairment reflected the continuing overall improved credit quality in the
covered loan portfolio. The FDIC indemnification asset balance at December 31,
2012, after reflecting the impairment charge of $3.9 million, was $5.4
million.

Total salaries and employee benefits expense was $7.9 million in the fourth
quarter of 2012, compared with $7.1 million in the fourth quarter of 2011, and
$9.4 million in the third quarter of 2012. The decrease from the prior quarter
was primarily due to a reduction in bonus accruals recorded during the fourth
quarter of 2012. Compared to the fourth quarter of 2011, salaries and benefits
for the fourth quarter of 2012 increased primarily due to an increase in the
number of employees.

Other non-interest expense for the fourth quarter of 2012 totaled $6.2
million, compared with $6.5 million in the fourth quarter of 2011, and $4.4
million for the third quarter of 2012. The increase from the prior quarter was
primarily attributable to increased professional fees and other loan expenses.

The Company's operating efficiency ratio was 64.1% for the fourth quarter of
2012, compared with 52.4% for the fourth quarter of 2011 and 57.0% for the
third quarter of 2012. The increase in efficiency ratio for the fourth quarter
of 2012 compared to prior quarters is largely due to the $3.9 million
impairment charge on the FDIC indemnification asset and the increase in other
non-interest expense.

Tax Provision

For the fourth quarter of 2012, the Company recorded a provision for income
taxes totaling $8.4 million, reflecting an effective tax rate of 35.6%. This
reflects the Company's return to a more normalized effective tax rate
following several quarters of recording no tax provision or a tax benefit due
to the reversal of the valuation allowance that had been established against
the Company's deferred tax asset.

BALANCE SHEET

Total gross loans, including loans held-for-sale, were $2.16 billion at
December 31, 2012, compared to $2.09 billion at September 30, 2012. The
increase in total gross loans during the fourth quarter of 2012 was primarily
due to the increase in loan originations during the quarter.

As previously disclosed, upon acquiring certain assets and liabilities of the
former Mirae Bank, the Company entered into a loss sharing agreement with the
FDIC whereby the FDIC has agreed to share in losses on assets covered under
the agreement. The assets covered by the loss sharing agreement include loans
and foreclosed loan collateral existing on June 26, 2009 and acquired from
Mirae Bank. As a result, loans acquired through the acquisition of Mirae Bank
are identified as "covered" loans, and those that were originated at Wilshire
are "non-covered" loans or "legacy Wilshire" loans.

The following table shows "covered" and "non-covered" gross loans (excluding
loan fees and allowance for loan losses) by loan type:

                                                              
Loan Categories                                                
                  
(Dollars In        Quarter Ended
Thousands)
Gross Non-Covered  Dec 31,     Sep 30,     Jun 30,     Mar 31,     Dec 31,
Loans              2012        2012        2012        2012        2011
                                                              
Construction       $ 20,928    $ 20,311    $ 27,030    $ 38,552    $ 61,832
Real Estate        1,719,762   1,641,851   1,558,274   1,472,450   1,490,504
Secured
Commercial &       289,782     287,045     290,063     269,501     253,092
Industrial
Consumer           13,665      14,139      13,530      16,362      15,001
Total Non-Covered  $ 2,044,137 $ 1,963,346 $ 1,888,897 $ 1,796,865 $ 1,820,429
Gross Loans
Held-For-Sale
Loans Included     $ 145,973   $ 140,109   $ 66,485    $ 43,334    $ 48,955
Above
                                                              
Gross Covered                                                  
Loans
                                                              
Real Estate        $ 99,534    $ 113,874   $ 119,985   $ 137,051   $ 137,144
Secured
Commercial &       13,486      15,875      18,756      20,824      28,267
Industrial
Consumer           9           14          65          71          79
Total Covered      $ 113,029   $ 129,763   $ 138,806   $ 157,946   $ 165,490
Gross Loans
Held-For-Sale
Loans Included     $ --        $ --        $ --        $ 4,794     $ 4,859
Above
                                                              
Total Gross Loans                                              
                                                              
Construction       $ 20,928    $ 20,311    $ 27,030    $ 38,552    $ 61,832
Real Estate        1,819,296   1,755,725   1,678,259   1,609,501   1,627,648
Secured
Commercial &       303,268     302,920     308,819     290,325     281,359
Industrial
Consumer           13,674      14,153      13,595      16,433      15,080
Total Gross Loans  $ 2,157,166 $ 2,093,109 $ 2,027,703 $ 1,954,811 $ 1,985,919
Held-For-Sale
Loans Included     $ 145,973   $ 140,109   $ 66,485    $ 48,128    $ 53,814
Above

Loan originations for the fourth quarter of 2012 totaled $264.4 million,
compared to total loan originations of $209.2 million for the third quarter of
2012. The increase in total loan originations from the prior quarter was
attributable to an increase in originations of commercial real estate loans
and SBA loans.

The following table shows quarterly loan originations by loan type:

Loan                                                             
Originations
             Quarter Ended
(Dollars In   December 31, September    June 30,     March 31,    December 31,
Thousands)    2012         30, 2012     2012         2012         2011
                                                                
Real Estate   $       60%  $       39%  $       33%  $       36%  $       21%
Secured       157,901      80,700       81,782       46,029       22,608
Commercial &  34,059  13%  40,683  19%  50,469  21%  27,223  22%  40,517  37%
Industrial
Consumer      3,083   1%   1,805   1%   304     0%   100     0%   161     0%
SBA Loans     38,700  15%  27,457  13%  37,989  16%  33,043  26%  29,035  26%
Residential
Mortgage      30,624  11%  58,589  28%  74,673  30%  20,630  16%  17,292  16%
Loans
Total Loan    $       100% $       100% $       100% $       100% $       100%
Originations  264,367      209,234      245,217      127,025      109,613

Total SBA loans held-for-sale at the end of the fourth quarter of 2012 totaled
$72.8 million compared to $51.6 million at the end of the previous quarter.
The remaining $73.2 million in loans held-for-sale at December 31, 2012 were
comprised entirely of mortgage loans. The decision to retain or sell SBA loan
production will be made on a quarter-to-quarter basis, dependent upon pricing
in the secondary market and the Company's liquidity needs. During the fourth
quarter of 2012, the Company sold approximately $9.8 million in SBA loans.

Total OREO was $2.1 million at December 31, 2012, compared with $2.3 million
at September 30, 2012. Outflow from OREO during the fourth quarter of 2012
consisted of 1 sold property totaling approximately $300 thousand. Inflow into
OREO during the fourth quarter of 2012 consisted of 1 property totaling
approximately $100 thousand.

Total deposits were $2.17 billion at December 31, 2012, unchanged from $2.17
billion at September 30, 2012.Increases in non-interest bearing demand
deposits enabled the Company to run off higher costing deposits, resulting in
an overall improved deposit mix. Non-interest bearing deposits accounted for
27% of total deposits at December 31, 2012, an increase from 23% at the end of
the prior year.

FHLB borrowings increased to $150.0 million at the end of the fourth quarter
of 2012, compared to $60.0 million at the end of the fourth quarter of 2011.
There were no borrowings outstanding at the end of the third quarter of
2012.The increase in FHLB borrowings was primarily to fund loan originations.

During the third quarter of 2012, $10.0 million in subordinated debentures
issued by Wilshire State Bank was redeemed. An additional $15.5 million in
subordinated debentures issued by Wilshire Bancorp were redeemed during the
fourth quarter of 2012. The interest rate of the junior subordinated
debentures redeemed during the fourth quarter of 2012 was approximately 3.24%
at the time of the redemption. At December 31, 2012, $61.9 million in
subordinated debentures remained outstanding, all previously issued by
Wilshire Bancorp.

CREDIT QUALITY

The Company has experienced improving credit trends for over a year with
declining trends in non-performing loans, classified loans, delinquencies, and
charge-offs. In light of the continued improvements in credit quality, the
Company recorded a negative provision for losses on loans and loan commitments
of $12.0 million in the fourth quarter of 2012. The allowance for loan losses
totaled $63.3 million, or 3.15% of gross loans (excluding loans
held-for-sale), at December 31, 2012, compared to $74.4 million, or 3.81% of
gross loans (excluding loans held-for-sale) at September 30, 2012. The
coverage ratio of the allowance for loan losses to non-performing assets was
210.7% at December 31, 2012, compared with 180.7% at September 30, 2012.
Allowance coverage of legacy Wilshire loans (excluding loans held-for-sale)
was 3.33% at December 31, 2012, compared with 4.08% at September 30, 2012.

Non-Accrual Loans

At December 31, 2012, total non-covered non-accrual loans were $23.0 million,
or 1.13% of gross non-covered loans, compared to $33.7 million, or 1.72% of
gross non-covered loans, at September 30, 2012. Non-covered non-accrual loans
experienced a 31.7% decline from the third to fourth quarter of 2012.

The following table shows "covered" and "non-covered" non-accrual loans by
loan type:

                                                                 
NON-ACCRUAL LOANS                                                 
(Dollars In Thousands,
Net of SBA Guaranteed                                             
Portions)
                         Quarter Ended
Non-Covered Loans         Dec 31,  Sep 30, 2012 Jun 30, 2012 Mar 31,  Dec 31,
                          2012                               2012     2011
                                                                 
Construction              $5,644  $7,678    $8,139    $8,139  $12,548
Real Estate Secured       16,203   25,124       25,762      26,082   15,696
Commercial & Industrial   1,172    892          1,095       1,261    1,573
Total Non-Covered         $23,019 $33,694     $34,996     $35,482 $29,817
Non-Accrual Loans
                                                                 
Covered Loans                                                     
                                                                 
Real Estate Secured       $4,804  $4,602      $6,396      $15,400 $13,392
Commercial & Industrial   130      586          93           109      623
Total Covered Non-Accrual $4,934  $5,188      $6,489      $15,509 $14,015
Loans
                                                                 
Total Non-Accrual Loans                                           
                                                                 
Construction              $5,644  $7,678      $8,139      $8,139  $12,548
Real Estate Secured       21,007   29,726       32,158       41,482   29,088
Commercial & Industrial   1,302    1,478        1,188        1,370    2,196
Total Non-Accrual Loans   $27,953 $38,882     $41,485     $50,991 $43,832

The inflow into total (covered and non-covered) non-accrual loans was $4.5
million in the fourth quarter of 2012, compared with inflow of $5.3 million in
the third quarter of 2012. The fourth quarter of 2012 represented the lowest
level of inflow to non-accrual status experienced by the Bank in the past
several years. Total outflow from total non-accrual loans was $15.5 million
during the fourth quarter of 2012, compared with $7.9 million for the third
quarter of 2012. The increase in outflow of non-accrual loans was largely due
to $8.4 million in loans that were paid-off and $2.8 million in loans that
migrated back to current status. The remaining $4.3 million in outflows were
comprised of payments, amortizations, note sales, charge-offs, and outflow to
OREO.

Troubled Debt Restructured Loans

At December 31, 2012, total non-covered troubled debt restructured loans or
"TDR loans", were $29.7 million, essentially unchanged from $29.8 million at
September 30, 2012.

Total TDR loans by loan category are shown in the table below:

                                                                 
TROUBLED DEBT RESTRUCTURED LOANS                                  
(Dollars In Thousands, Net of SBA                                 
Guaranteed Portions)
                                 Quarter Ended
Non-Covered Loans                 Dec 31,  Sep 30,  Jun 30,  Mar 31,  Dec 31,
                                  2012     2012     2012     2012     2011
                                                                 
Real Estate Secured               $23,816 $24,136 $18,347 $12,648 $11,460
Commercial & Industrial           5,870    5,695    5,845    6,046    3,235
Total Non-Covered TDR Loans       $29,686 $29,831 $24,192 $18,694 $14,695
                                                                 
Covered Loans                                                     
                                                                 
Real Estate Secured               $4,452  $4,388  $2,372  $7,964  $6,377
Commercial & Industrial           1,595    1,787    1,138    1,283    1,311
Total Covered TDR Loans           $6,047  $6,175  $3,510  $9,247  $7,688
                                                                 
Total TDRs Loans                                                  
                                                                 
Real Estate Secured               $28,268 $28,524 $20,719 $20,612 $17,837
Commercial & Industrial           7,465    7,482    6,983    7,329    4,546
Total TDR Loans                   $35,733 $36,006 $27,702 27,941   $22,383
                                                                 

Of the total $35.7 million in TDR loans at December 31, 2012, $6.5 million
were also classified as non-accrual, of which $4.0 million were non-covered.
The remaining TDR loans were performing in accordance with their modified
terms. Inflow into TDR declined to $903 thousand for the fourth quarter of
2012 compared to $9.4 million during the previous quarter. Outflow from TDR
increased slightly to $1.4 million during the fourth quarter 2012, compared to
$1.1 million during the third quarter of 2012.

Loan Delinquencies (Excluding Non-Accrual Loans)

At December 31, 2012, total non-covered loan delinquencies were $3.6 million,
compared with $8.4 million at September 30, 2012.Non-covered delinquent loans
declined by 56.8% from the third quarter of 2012 to the fourth quarter of
2012, and represented the lowest level of delinquencies in several years.

Delinquent loans by days past due are reflected in the table below:

                                                                 
DELINQUENT LOANS -By Days Past                                  
Due
(Dollars In Thousands, Net of SBA                                 
Guaranteed Portions)
                                  Quarter Ended
Non-Covered Loans                  Dec 31, Sep 30,  Jun 30,  Mar 31,  Dec 31,
                                   2012    2012     2012     2012     2011
                                                                 
30 - 59 Days Past Due              $2,663 $6,855  $8,461  $5,361  $4,890
60 - 89Days Past Due              948     1,503    1,412    2,837    9,762
90 Days, and still accruing        --      --       923      933      --
Total Non-Covered Delinquent Loans $3,611 $8,358  $10,796 $9,131  $14,652
                                                                 
Covered Loans                                                     
                                                                 
30 - 59 Days Past Due              $396   $652    $696    $987    $355
60 - 89Days Past Due              226     1,491    --       240      513
90 Days, and still accruing        --      --       --       --       --
Total Covered Delinquent Loans     $622   $2,143  $696    $1,227  $868
                                                                 
Total Delinquent Loans                                            
                                                                 
30 - 59 Days Past Due              $3,059 $7,507  $9,157  $6,348  $5,245
60 - 89Days Past Due              1,174   2,994    1,412    3,077    10,275
90 Days, and still accruing        --      --       923      933      --
Total Delinquent Loans             $4,233 $10,501 $11,492 $10,358 $15,520

Total inflow into loan delinquencies was $2.5 million in the fourth quarter of
2012, compared with $8.6 million in the prior quarter. Total outflow from loan
delinquencies was $8.8 million in the fourth quarter of 2012, compared with
$9.6 million in the prior quarter. The $8.8 million in fourth quarter outflows
consisted of $3.6 million in loans that migrated to current status, $1.9
million that were sold, and $1.8 million in delinquencies that migrated to
non-accrual status, with the remainder either being paid-down or charged-off.

Of the total $4.2 million in delinquent loans at December 31, 2012, $2.7
million was comprised of delinquent real estate secured loans and $1.5 million
consisted of delinquent commercial and industrial loans. Over 70% of total
delinquent loans at December 31, 2012 were past due less than 60 days.

Loan Classifications

At December 31, 2012, total non-covered classified loans (loans graded
substandard, doubtful, and loss) totaled $138.4 million, compared with $145.2
million at September 30, 2012. Non-covered criticized loans (loans graded
special mention) were $78.3million at December 31, 2012, compared with $89.5
million at September 30, 2012.

Loan balances broken down by classification are reflected in the table below:

                                                                
LOAN CLASSIFICATIONS                                             
(Dollars In Thousands, Net                                       
of SBA Guaranteed Portions)
                            Quarter Ended
Non-Covered Loans            Dec 31,   Sep 30,   Jun 30,   Mar 31,   Dec 31,
                             2012      2012      2012      2012      2011
                                                                
Special Mention              $78,251  $89,522  $75,219  $93,303  $119,434
Substandard                  133,060   139,414   153,699   148,788   136,559
Doubtful                     5,295     5,740     5,316     6,032     5,769
Total Non-Covered Gross      $216,606 $234,676 $234,234 $248,123 $261,762
Loans
                                                                
Covered Loans                                                    
                                                                
Special Mention              $4,024   $5,194   $9,126   $15,357  $17,438
Substandard                  24,132    26,059    24,591    27,087    22,487
Doubtful                     1,561     1,604     3,405     11,668    10,578
Total Covered Gross Loans    $29,717  $32,857  $37,122  $54,112  $50,503
                                                                
Total Loans                                                      
                                                                
Special Mention              $82,275  $94,716  $84,345  $108,660 $136,872
Substandard                  157,192   165,473   178,290   175,875   159,046
Doubtful                     6,856     7,344     8,721     17,700    16,347
Total Gross Loans            $246,323 $267,533 $271,356 $302,235 $312,265

Gross Loan Charge-offs

Non-covered loan charge-offs for the fourth quarter of 2012 totaled $2.6
million, compared to $3.1 million in the third quarter of 2012.The Company
also had loan recoveries of $2.5 million in the fourth quarter of 2012. Net
non-covered charge-offs totaled $143 thousand during the fourth quarter of
2012.

Charge-offs by loan type are reflected in the table below:

                                                               
LOAN CHARGE-OFFS                                                
(Dollars In                                                     
Thousands)
                   Quarter Ended
Non-Covered Loans   Dec 31,     Sep 30,     Jun 30,     Mar 31,     Dec 31,
                    2012        2012        2012        2012        2011
                                                               
Real Estate Secured $1,768     $3,004     $2,734     $2,826     $829
Commercial &        840         70          502         1,299       2,543
Industrial
Consumer            --          --          1           1           1
Total Non-Covered   $2,608     $3,074     $3,237     $4,126     $3,373
Charge-Offs Loans
                                                               
Covered Loans                                                   
                                                               
Real Estate Secured $8         $11        $196       $102       $426
Commercial &        384         42          9           136         268
Industrial
Total Covered       $392       $53        $205       $238       $694
Charge-Offs Loans
                                                               
Total Loan                                                      
Charge-Offs
                                                               
Real Estate Secured 1,776       3,015       2,930       2,928       1,255
Commercial &        1,224       112         511         1,435       2,811
Industrial
Consumer            --          --          1           1           1
Total Charge-Offs   $3,000     $3,127     $3,442     $4,364     $4,067
Loans

CAPITAL RATIOS

All of the Company's capital ratios remain in excess of "well capitalized"
regulatory requirements as shown in the following table:

(Dollars In Thousands, Except December 31, Well Capitalized Total Excess Above
Per Share Info)               2012         Regulatory       Well Capitalized
                                           Requirements     Requirements
                                                         
Tier 1 Leverage Capital Ratio 14.87%       5.00%            $255,419
Tier 1 Risk-Based Capital     18.47%       6.00%            $259,835
Ratio
Total Risk-Based Capital      19.74%       10.00%           $202,998
Ratio
Tangible Common Equity To     12.20%       N/A              N/A
Tangible Assets
Tangible Common Equity Per    $4.69       N/A              N/A
Common Share

The Company's regulatory capital ratios declined from the third quarter of
2012 to the fourth quarter of 2012 due to the $15.5 million redemption of the
junior subordinated debenture in December 2012. The junior subordinated
debenture was previously included in the Company's calculation of tier 1 and
total capital. However, the reduction of regulatory capital was partially
offset by the $14.9 million increase in capital that resulted from earnings
for the three months ended December 31, 2012.

CONFERENCE CALL

Management will host its quarterly conference call on January 24, 2013, at
10:00 a.m. PT (1:00 p.m. ET). Investment professionals are invited to
participate in the call by dialing 800-260-8140 (domestic number) or
617-614-3672 (international number) and entering passcode #50622068.

COMPANY INFORMATION

Headquartered in Los Angeles, Wilshire State Bank operates 24 branch offices
in California, Texas, New Jersey and New York, and eight loan production
offices in Dallas and Houston, TX, Atlanta, GA, Aurora, CO, Annandale, VA,
Fort Lee, NJ, Newark, CA, and Bellevue, WA, and is an SBA preferred lender
nationwide. Wilshire State Bank is a community bank with a focus on commercial
real estate lending and general commercial banking, with its primary market
encompassing the multi-ethnic populations of the Los Angeles Metropolitan
area. The Company's strategic goals include increasing shareholder and
franchise value by continuing to grow its multi-ethnic banking business and
expanding its geographic reach to other similar markets with strong levels of
small business activity. Visit us at www.wilshirebank.com.

FORWARD-LOOKING STATEMENTS

This press release contains statements that we believe are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Rule 175 promulgated thereunder, and Section 21E of the
Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated
thereunder. Statements concerning future performance, events, financial
condition, results of operations, plans or any other guidance on future
periods constitute forward-looking statements that are subject to a number of
risks and uncertainties that might cause actual results to differ materially
from stated expectations. You should not place undue reliance on
forward-looking statements, as they are subject to risks and uncertainties,
including but not limited to the risk factors set forth in our most recent
Annual Report on Form 10-K. Specific factors that could cause future results
to differ materially from historical performance and these forward-looking
statements include, but are not limited to, (1) loan production and sales, (2)
credit quality, (3) the ability to expand net interest margin, (4) the ability
to continue to attract low-cost deposits, (5) success of expansion efforts,
(6) competition in the marketplace, (7) political developments, war or other
hostilities, (8) changes in the interest rate environment, (9) the ability of
our borrowers to repay their loans, (10) the ability to maintain capital
requirements and adequate sources of liquidity, (11) effects of or changes in
accounting policies, (12) legislative or regulatory changes or actions, (13)
the ability to attract and retain key personnel, (14) the ability to receive
dividends from our subsidiaries, (15) the ability to secure confidential
information through the use of computer systems and telecommunications
networks, (16) weakening in the economy, specifically the real estate market,
either nationally or in the states in which we do business, and (17) general
economic conditions. The financial information contained in this release
should be read in conjunction with the consolidated financial statements and
notes included in the Company's most recent reports on Form 10-K and Form
10-Q, as filed with the Securities and Exchange Commission, as they may be
amended from time to time. Results of operations for the most recent quarter
are not necessarily indicative of operating results for any future periods.
Any projections in this release are based on limited information currently
available to management and are subject to change. Since management will only
provide guidance at certain points during the year, the Company will not
necessarily update the information. Such information speaks only as of the
date of this release. Additional information on these and other factors that
could affect financial results are included in filings by the Company with the
Securities and Exchange Commission.

                                                                 
CONSOLIDATED BALANCE                                              
SHEET
(Dollars In                                     Three                 Twelve
Thousands)           December 31, September30, Months   December 31, Months
(Unaudited)
                    2012         2012          % Change 2011         % Change
ASSETS:                                                           
Cash and Due from    $118,495    $113,258     5%       $155,245    -24%
Banks
Federal Funds Sold
and Other Cash       55,005       30,005        83%      170,005      -68%
Equivalents
Total Cash and Cash  173,500      143,263       21%      325,250      -47%
Equivalents
                                                                 
Investment
Securities Available 332,504      292,254       14%      320,064      4%
For Sale
Investment
Securities Held To   50           53            -6%      66           -24%
Maturity
Total Investment     332,554      292,307       14%      320,130      4%
Securities
                                                                 
                                                                 
Loans Held For Sale 145,973      140,109       4%       53,814       171%
                                                                 
Real Estate         20,254       19,679        3%       61,213       -67%
Construction
Residential Real    136,189      130,706       4%       98,262       39%
Estate
Commercial Real     1,587,623    1,533,396     4%       1,478,254    7%
Estate
Commercial and      248,643      250,560       -1%      274,878      -10%
Industrial
Consumer            13,658       14,138        -3%      15,065       -9%
Total Loans          2,006,367    1,948,479     3%       1,927,672    4%
Receivable
Allowance For Loan   (63,285)     (74,353)      -15%     (102,982)    -39%
Losses
Total Loans, Net of
Allowance for Loan   2,089,055    2,014,235     4%       1,878,504    11%
Losses
                                                                 
Accrued Interest     7,290        7,570         -4%      8,118        -10%
Receivable
Due from Customers   54           388           -86%     414          -87%
on Acceptances
Other Real Estate    2,080        2,277         -9%      8,221        -75%
Owned
Premises and         11,630       12,010        -3%      12,612       -8%
Equipment
Federal Home Loan
Bank (FHLB) Stock,   12,090       13,327        -9%      15,523       -22%
at Cost
Cash Surrender Value 21,213       20,735        2%       19,888       7%
of Life Insurance
Investment in
affordable housing   39,154       40,048        -2%      37,676       4%
partnerships
Deferred Income      20,862       21,337        -2%      --           0%
Taxes
Servicing Assets     9,610        9,645         0%       8,798        9%
Goodwill             6,675        6,675         0%       6,675        0%
FDIC Indemnification 5,446        9,927         -45%     21,922       -75%
Asset
Other Assets         19,650       22,145        -11%     33,123       -41%
TOTAL ASSETS         $2,750,863  $2,615,889   5%       $2,696,854  2%
                                                                 
LIABILITIES AND
SHAREHOLDERS'                                                     
EQUITY:
LIABILITIES:                                                      
Non-interest Bearing $586,003    $538,291     9%       $511,467    15%
Demand Deposits
Savings and Interest 125,595      124,397       1%       123,051      2%
Checking
Money Market         640,266      662,322       -3%      572,452      12%
Deposits
Time Deposits in
denomination of      573,773      594,500       -3%      647,537      -11%
$100,000 or more
Other Time Deposits  241,172      255,342       -6%      347,802      -31%
Total Deposits       2,166,809    2,174,852     0%       2,202,309    -2%
                                                                 
FHLB Borrowings      150,000      --            0%       60,000       150%
Acceptance           54           388           -86%     414          -87%
Outstanding
Junior Subordinated  61,857       77,321        -20%     87,321       -29%
Debentures
Accrued Interest     2,037        2,465         -17%     3,281        -38%
Payable
Other Liabilities   27,689       32,095        -14%     33,947       -18%
Total Liabilities    2,408,446    2,287,121     5%       2,387,272    1%
                                                                 
SHAREHOLDERS'                                                     
EQUITY:
Preferred Stock      --           --            0%       61,000       -100%
Common Stock         164,790      164,649       0%       164,711      0%
Retained Earnings    170,816      155,606       10%      77,110       122%
Accumulated Other    6,811        8,513         -20%     6,761        1%
Comprehensive Income
Total Shareholders'  342,417      328,768       4%       309,582      11%
Equity
TOTAL LIABILITIES
AND SHAREHOLDERS'    $2,750,863  $2,615,889   5%       $2,696,854  2%
EQUITY

                                                                   
                                                                   
CONSOLIDATED STATEMENT                                              
OF OPERATIONS
(Dollars In Thousands,
Except Per Share Data)                                              
(Unaudited)
                        Quarter Ended              Three    Quarter    Twelve
                                                    Mths     Ended      Mths
                        December 31, September30, % Change December   %
                         2012         2012                   31, 2011   Change
                                                                   
INTEREST INCOME                                                     
Interest and Fees on     $27,472     $27,966      -2%      $28,512   -4%
Loans
Interest on Investment   1,596        1,651         0%       1,387      19%
Securities
Interest on Federal      155          79            32%      486        -79%
Funds Sold
Total Interest Income    29,223       29,696        -2%      30,385     -4%
                                                                   
INTEREST EXPENSE                                                    
Deposits                 3,176        3,575         -11%     4,307      -26%
FHLB Advances and Other  420          529           -21%     857        -51%
Borrowings
Total Interest Expense   3,596        4,104         -12%     5,164      -30%
                                                                   
Net Interest Income
Before (Credit)
Provision for Losses on  25,627       25,592        0%       25,221     2%
Loans and Loan
Commitments
(Credit) Provision for
Losses on Loans and Loan (12,000)     (12,000)      0%       1,500      N/A
Commitments
                                                                   
Net Interest Income
After (Credit) Provision 37,627       37,592        0%       23,721     59%
for Losses on Loans and
Loan Commitments
                                                                   
NONINTEREST INCOME                                                  
Service Charges on       3,051        3,157         -3%      3,152      -3%
Deposits
Gain on Sales ofLoans,  1,159        1,222         -5%      367        216%
Net
Gain on Sale/Callof     --           --            0%       4          -100%
Investment Securities
Other                    2,529        2,231         13%      2,234      13%
Total Noninterest Income 6,739        6,610         2%       5,757      17%
                                                                   
NONINTEREST EXPENSES                                                
Salaries and Employee    7,920        9,355         -15%     7,144      11%
Benefits
FDIC Indemnification     3,900        2,000         95%      --         0%
Impairment
Occupancy & Equipment    2,054        1,930         6%       1,894      8%
Data Processing          688          680           1%       697        -1%
Other                    6,179        4,377         41%      6,504      -5%
Total Noninterest        20,741       18,342        13%      16,239     28%
Expenses
                                                                   
Income Before Income     23,625       25,860        -9%      13,239     78%
Taxes
Income Taxes Provision   8,415        (12,609)      N/A      6,503      29%
(Benefit)
NET INCOME               $15,210     $38,469      -60%     $6,736    126%
                                                                   
Preferred Stock Cash     --           --            0%       (777)      -100%
Dividend
Accretion of Preferred   --           --            0%       (141)      -100%
Stock Discount
Total Preferred Stock    --           --            0%       (918)      -100%
Related Adjustment
                                                                   
NET INCOME AVAILABLE TO $15,210     $38,469      -60%     $5,818    161%
COMMON SHAREHOLDERS
                                                                   
PER COMMON SHARE                                                    
INFORMATION:
Basic Income Per Common  $0.21       $0.54        -60%     $0.08     161%
Share
Diluted Income           $0.21       $0.54        -60%     $0.08     161%
PerCommon Share
WEIGHTED-AVERAGE COMMON                                             
SHARES OUTSTANDING:
Basic                    71,294,573   71,290,881            71,291,416 
Diluted                  71,421,836   71,420,567            71,309,985 

                                                                
                                                                
CONSOLIDATED STATEMENT OF OPERATIONS                             
(Dollars In Thousands, Except Per Share                          
Data) (Unaudited)
                                        Year Ended                Twelve Mths
                                        December 31, December 31, % Change
                                         2012         2011
                                                                
INTEREST INCOME                                                  
Interest and Fees on Loans               $109,367    $121,707    -10%
Interest on Investment Securities        6,166        7,177        -11%
Interest on Federal Funds Sold           1,424        1,080        12%
Total Interest Income                    116,957      129,964      -10%
                                                                
INTEREST EXPENSE                                                 
Deposits                                 15,021       18,541       -19%
FHLB Advances and Other Borrowings       2,034        4,048        -50%
Total Interest Expense                   17,055       22,589       -24%
                                                                
Net Interest Income Before (Credit)
Provision for Losses on Loans and Loan   99,902       107,375      -7%
Commitments
(Credit) Provision for Losses on Loans   (34,000)     59,100       N/A
and Loan Commitments
                                                                
Net Interest Income After (Credit)
Provision for Losses on Loans and Loan   133,902      48,275       177%
Commitments
                                                                
NONINTEREST INCOME                                               
Service Charges on Deposits              12,672       12,570       1%
Gain on Sales ofLoans, Net              6,393        2,102        204%
Gain on Sale/Call of Investment          3            99           -97%
Securities
Other                                    9,181        9,034        2%
Total Noninterest Income                 28,249       23,805       19%
                                                                
NONINTEREST EXPENSES                                             
Salaries and Employee Benefits           34,475       28,540       21%
FDIC Indemnification Impairment          7,900        --           0%
Occupancy & Equipment                    7,875        7,826        1%
Data Processing                          2,817        2,892        -3%
Other                                    21,112       29,527       -28%
Total Noninterest Expenses               74,179       68,785       8%
                                                                
Income Before Income Taxes               87,972       3,295        2570%
Income Taxes (Benefit) Provision         (4,333)      33,625       N/A
NET INCOME (LOSS)                        $92,305     $(30,330)   N/A
                                                                
Preferred Stock Cash Dividend            (830)        (3,108)      -73%
Accretion of Preferred Stock Discount    (1,158)      (550)        111%
One-time Adjustment From Repurchase of   3,389        --           0%
Preferred Stock
Total Preferred Stock Related Adjustment 1,401        (3,658)      N/A
                                                                
NET INCOME (LOSS) AVAILABLE TO COMMON    $93,706     $(33,988)   N/A
SHAREHOLDERS
                                                                
PER COMMON SHARE INFORMATION:                                    
Basic Income (Loss) Per Common Share     $1.31       $(0.61)     N/A
Diluted Income (Loss) Per Common Share   $1.31       $(0.61)     N/A
WEIGHTED-AVERAGE COMMON SHARES                                   
OUTSTANDING:
Basic                                    71,288,484   55,710,377   
Diluted                                  71,375,150   55,710,377   

                                                                   
                                                                   
SUMMARY OF FINANCIAL                                                
DATA
(Dollars In
Thousands, Except                                                   
Per Share Data)
(Unaudited)
                    Quarter Ended                                       
AVERAGE BALANCES     December 31,        September        December 31, 
                     2012                 30, 2012          2011
                                                                   
Average Assets       $2,609,509         $2,579,203      $2,678,357  
Average Equity       334,380             297,725          308,948      
Average Net Loans    1,984,434           1,951,126        1,868,385    
Average Deposits     2,153,976           2,162,430        2,145,128    
Average Time
Deposits in          585,134             600,204          655,022      
denomination of
$100,000 or more
Average FHLB & Other 14,130              --               105,163      
Borrowings
Average Interest     2,386,128           2,370,619        2,439,374    
Earning Assets
                                                                   
                    Year Ended                                          
AVERAGE BALANCES     December 31,                        December 31, 
                     2012                                   2011
                                                                   
Average Assets       $2,600,273                         $2,758,788  
Average Equity       305,833                             264,666      
Average Net Loans    1,917,423                           2,020,036    
Average Deposits     2,166,303                           2,202,445    
Average Time
Deposits in          611,922                             658,862      
denomination of
$100,000 or more
Average FHLB & Other 8,806                               163,227      
Borrowings
Average Interest     2,386,037                           2,498,025    
Earning Assets
                                                                   
                    Quarter Ended                                       
PROFITABILITY        December 31,        September        December 31, 
                     2012                 30, 2012          2011
                                                                   
Annualized Return on 2.33%               5.97%            1.01%        
Average Assets
Annualized Return on 18.19%              51.68%           8.72%        
Average Equity
Efficiency Ratio     64.08%              56.96%           52.42%       
Annualized Operating
Expense/Average      3.18%               2.84%            2.43%        
Assets
Annualized Net       4.33%               4.35%            4.17%        
Interest Margin
                                                                   
                    Year Ended                                          
PROFITABILITY        December 31,                        December 31, 
                     2012                                   2011
                                                                   
Annualized Return on 3.55%                               -1.10%       
Average Assets
Annualized Return on 30.18%                              -11.46%      
Average Equity
Efficiency Ratio     57.88%                              52.44%       
Annualized Operating
Expense/Average      2.85%                               2.49%        
Assets
Annualized Net       4.22%                               4.34%        
Interest Margin
                                                                   
                    As Of
                     December 31,  Cost   September   Cost  December 31, Cost
DEPOSIT COMPOSITION  2012          of     30, 2012    of    2011         of
                                   Funds              Funds              Funds
                                                                   
Noninterest Bearing  27.0%         0.00%  24.8%       0.00% 23.2%        0.00%
Demand Deposits
Savings & Interest   5.8%          1.66%  5.7%        1.78% 5.6%         2.24%
Checking
Money Market         29.5%         0.66%  30.5%       0.76% 26.0%        0.85%
Deposits
Time Deposits of     26.5%         0.72%  27.3%       0.78% 29.4%        0.93%
$100,000 or More
Other Time Deposits  11.1%         0.84%  11.7%       0.92% 15.8%        1.07%
Total Deposits       100.0%        0.59%  100.0%      0.66% 100.0%       0.80%
                                                                   
                    As Of                                               
CAPITAL RATIOS       December 31,        September        December 31, 
                     2012                 30, 2012          2011
                                                                   
Tier 1 Leverage      14.87%              14.96%           13.86%       
Ratio
Tier 1 Risk-Based    18.47%              19.33%           19.59%       
Capital Ratio
Total Risk-Based     19.74%              20.61%           20.89%       
Capital Ratio
Total Shareholders'  $342,417           $328,768        $309,582    
Equity
Book Value Per       $4.80              $4.61           $3.49       
Common Share
Tangible Common
Equity Per Common    $4.69              $4.50           $3.38       
Share *
Tangible Common
Equity to Tangible   12.20%              12.31%           8.95%        
Assets **

* Tangible common equity excludes goodwill, other intangible assets, and TARP
preferred stock
** Tangible assets excludes goodwill and intangible assets

                                                                
                                                                
ALLOWANCE FOR LOAN LOSSES                                        
(Dollars In Thousands)                                           
(Unaudited)
                              Quarter Ended
                                                                
                              December September June 30, March 31, December
                               31, 2012 30, 2012  2012     2012      31, 2011
                                                                
Balance at Beginning of Period $74,353 $89,134  $99,826 $102,982 $105,306
(Credit) Provision for Losses  (10,600) (12,000)  (9,000)  --        1,500
on Loans
Recoveries on Loans Previously 2,532    346       1,750    1,208     243
Charged-off
Less Charge-offs               (3,000)  (3,127)   (3,442)  (4,364)   (4,067)
Balance at End of Period       $63,285 $74,353  $89,134 $99,826  $102,982
                                                                
Net Loan Charge-offs/Average   0.02%    0.14%     0.09%    0.17%     0.20%
Total Loans
Charge-offs/Average Total      0.15%    0.16%     0.18%    0.24%     0.22%
Loans
Allowance for Loan             3.15%    3.81%     4.54%    5.24%     5.33%
Losses/Gross Loans *
Allowance for Loan             3.33%    4.08%     4.89%    5.69%     5.81%
Losses/Legacy Wilshire Loans *
Allowance for Loan             226.40%  191.23%   214.86%  195.77%   234.95%
Losses/Non-accrual Loans
Allowance for Loan
Losses/Legacy Non-accrual      274.93%  220.67%   254.70%  281.34%   345.38%
Loans
Allowance for Loan             226.40%  191.23%   210.18%  192.25%   234.95%
Losses/Non-performing Loans
Allowance for Loan
Losses/Legacy Non-performing   274.93%  220.67%   248.15%  274.13%   345.38%
Loans
Allowance for Loan             210.73%  180.65%   190.62%  184.20%   197.84%
Losses/Non-performing Assets
Allowance for Loan
Losses/Legacy Non-performing   265.38%  214.15%   238.90%  258.04%   285.36%
Assets
                                                                
* Excluding held-for-sale                                        
loans
                                                                
NON-PERFORMING ASSETS                                            
(Dollars In Thousands, Net of  Quarter Ended
SBA Guaranteed Portions)
(Unaudited)                    December September June 30, March 31, December
                               31, 2012 30, 2012  2012     2012      31, 2011
Non-accrual Loans:                                               
Non-covered                    $23,019 $33,694  $34,996 $35,482  $29,817
Covered                        4,934    5,188     6,489    15,509    14,015
Total                          27,953   38,882    41,485   50,991    43,832
                                                                
Loans 90 days or more past due                                   
and still accruing:
Non-covered                    --       --        923      933       --
Covered                        --       --        --       --        --
Total                          --       --        923      933       --
                                                                
Total Non-performing Loans:                                      
Non-covered                    23,019   33,694    35,919   36,415    29,817
Covered                        4,934    5,188     6,489    15,509    14,015
Total                          27,953   38,882    42,408   51,924    43,832
                                                                
OREO and Repossessed Vehicles:                                   
Non-covered                    828      1,026     1,391    2,271     6,271
Covered                        1,251    1,251     2,960    --        1,950
Total                          2,079    2,277     4,351    2,271     8,221
                                                                
Total Non-performing Assets:                                     
Non-covered                    23,847   34,720    37,310   38,686    36,088
Covered                        6,185    6,439     9,449    15,509    15,965
Total                          $30,032 $41,159  $46,759 $54,195  $52,053
                                                                
Total Non-performing           1.30%    1.86%     2.09%    2.66%     2.21%
Loans/Gross Loans
Total Legacy Non-performing    1.13%    1.72%     1.90%    2.03%     1.64%
Loans/Legacy Gross Loans
                                                                
Total Non-performing           1.09%    1.57%     1.80%    2.04%     1.93%
Assets/Total Assets
Total Legacy Non-performing    0.87%    1.33%     1.44%    1.45%     1.34%
Assets/Total Assets

                        
                        
                        
ALLOWANCE FOR            Quarter Ended
OFF-BALANCE SHEET ITEMS
(Dollars In Thousands)   December 31, September 30, June 30, March    December
(Unaudited)              2012         2012          2012     31, 2012 31, 2011
                                                                 
Balance at beginning of  $ 2,423      $ 2,423       $ 3,423  $ 3,423  $ 3,423
period
Credit for losses on     (1,400)      --            (1,000)  --       --
off-balance sheet items
Balance at end of period $ 1,023      $ 2,423       $ 2,423  $ 3,423  $ 3,423
                                                                 
                        Year Ended                                 
                        December 31, December 31,                  
                         2012         2011
                                                                 
Balance at beginning of  $ 3,423      $ 3,926                       
period
Credit for losses on     (2,400)      (503)                         
off-balance sheet items
Balance at end of period $ 1,023      $ 3,423                       

                                                                 
                                                                 
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL   
MEASURES:
TANGIBLE COMMON EQUITY AND TANGIBLE ASSETS                        
(Dollars In Thousands, Except                                   
Share Data) (Unaudited)
                                 Quarter Ended
                                 December 31, 2012 September 30, December 31,
                                                    2012          2011
                                                               
Total shareholders' equity        $342,417         $328,768     $309,582
Preferred stock, net of discount  --                --            (61,000)
Goodwill and other intangible     (7,712)           (7,783)       (7,995)
assets, net
Tangible common equity            $334,705         $320,985     $240,587
                                                               
Total assets                      $2,750,863       $2,615,889   $2,696,854
Goodwill and other intangible     (7,712)           (7,783)       (7,995)
assets, net
Tangible assets                   $2,743,151       $2,608,106   $2,688,859
                                                               
Common shares outstanding         71,295,144        71,293,394    71,282,518

                                                                                      
                                                                                      
WILSHIRE BANCORP, INC. AND SUBSIDIARIES                                                
AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID                         
(Dollars In
Thousands)                                                                        
(Unaudited)
                For the Quarter Ended
                December 31, 2012          September30, 2012        December 31, 2011
                                                                                 
                Average   Interest Average Average   Interest Average Average   Interest Average
                Balance   Income/  Yield/  Balance   Income/  Yield/  Balance   Income/  Yield/
INTEREST EARNING          Expense  Rate             Expense  Rate             Expense  Rate
ASSETS
                                                                                 
LOANS:                                                                            
Real Estate      $         $22,753 5.20%   $         $23,530 5.45%   $         $24,012 5.68%
Loans            1,749,807                  1,727,223                  1,691,650
Commercial Loans 300,138   3,703    4.94%   303,338   3,572    4.71%   270,425   3,446    5.10%
Consumer Loans   13,708    89       2.60%   13,899    87       2.50%   15,406    115      2.99%
Total Gross      2,063,653 26,545   5.15%   2,044,460 27,189   5.32%   1,977,481 27,573   5.58%
Loans
Loan Fees toward          927                      777                      939      
Yield
Allowance for
Loan Losses &    (79,219)                 (93,334)                 (109,096)         
Unearned Income
Net Loans        1,984,434 27,472   5.54%   1,951,126 27,966   5.73%   1,868,385 28,512   6.10%
                                                                                 
INVESTMENT                                                                        
SECURITIES AND
OTHER
INTEREST-EARNING                                                                  
ASSETS:
Investment       297,205   1,596    2.42%   294,535   1,651    2.51%   339,302   1,387    1.90%
Securities*
Federal Funds    104,489   155      0.59%   124,958   79       0.25%   231,687   486      0.84%
Sold
Total Investment                                                                  
Securities and
Other Earning    401,694   1,751    1.94%   419,493   1,730    1.84%   570,989   1,873    1.47%
Assets
                                                                                 
TOTAL            $                          $                          $
INTEREST-EARNING 2,386,128 $29,223 4.93%   2,370,619 $29,696 5.04%   2,439,374 $30,385 5.02%
ASSETS
                                                                                 
Total
Non-Interest     223,381                  208,584                  238,983           
Earning Assets
TOTAL ASSETS     $                        $                        $                 
                 2,609,509                  2,579,203                  2,678,357
                                                                                 
INTEREST BEARING                                                                  
LIABILITIES
                                                                                 
INTEREST-BEARING                                                                  
DEPOSITS:
Money Market     $ 653,020 $1,072  0.66%   $637,082 $1,206  0.76%   $546,972 $1,163  0.85%
NOW              27,317    14       0.21%   27,310    16       0.23%   24,365    20       0.33%
Savings          99,371    511      2.06%   100,299   551      2.20%   94,910    649      2.74%
Time Deposits of 585,134   1,059    0.72%   600,204   1,169    0.78%   655,022   1,528    0.93%
$100,000 or More
Other Time       248,237   520      0.84%   274,366   633      0.92%   355,587   947      1.07%
Deposits
Total Interest   1,613,079 3,176    0.79%   1,639,261 3,575    0.87%   1,676,856 4,307    1.03%
Bearing Deposits
                                                                                 
BORROWINGS:                                                                       
FHLB Advances
and Other        14,130    10       0.28%   --        --       0.00%   105,163   340      1.29%
Borrowings
Junior
Subordinated     74,295    410      2.21%   86,669    529      2.44%   87,321    517      2.37%
Debentures
Total Borrowings 88,425    420      1.90%   86,669    529      2.44%   192,484   857      1.78%
                                                                                 
TOTAL INTEREST   $                          $                          $
BEARING          1,701,504 $3,596  0.85%   1,725,930 $4,104  0.95%   1,869,340 $5,164  1.11%
LIABILITIES
                                                                                 
Non-Interest     540,897                  523,169                  468,272           
Bearing Deposits
Other            32,728                   32,379                   31,797            
Liabilities
Shareholders'    334,380                  297,725                  308,948           
Equity
TOTAL            $                          $                          $
LIABILITIES AND  2,609,509                2,579,203                2,678,357         
EQUITY
                                                                                 
NET INTEREST              $25,627                 $25,592                 $25,221 
INCOME
.                                                                                 
NET INTEREST                      4.09%                    4.09%                    3.91%
SPREAD
                                                                                 
NET INTEREST                      4.33%                    4.35%                    4.17%
MARGIN
                                                                                 
* Tax equivalent
ratios for
investment                                                                        
securities




WILSHIRE BANCORP, INC. AND SUBSIDIARIES
AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID
(Dollars In Thousands) (Unaudited)
                    For the Year Ended
                    December 31, 2012             December 31, 2011
                                                                 
                    Average     Interest  Average Average   Interest  Average
                    Balance     Income/   Yield/  Balance   Income/   Yield/
INTEREST EARNING                Expense   Rate             Expense   Rate
ASSETS
                                                                 
LOANS:                                                            
Real Estate Loans    $ 1,703,516 $91,854  5.39%   $         $ 102,175 5.59%
                                                   1,826,421
Commercial Loans     295,252     14,329    4.85%   295,932   15,683    5.30%
Consumer Loans       14,653      381       2.60%   15,289    442       2.89%
Total Gross Loans    2,013,421   106,564   5.29%   2,137,642 118,300   5.53%
Loan Fees toward                2,803                     3,407     
Yield
Allowance for Loan
Losses & Unearned    (95,998)                    (117,606)          
Income
Net Loans            1,917,423   109,367   5.70%   2,020,036 121,707   6.03%
                                                                 
INVESTMENT                                                        
SECURITIES AND
OTHER
INTEREST-EARNING                                                  
ASSETS:
Investment           297,860     6,166     2.35%   328,280   7,177     2.47%
Securities*
Federal Funds Sold   170,754     1,424     0.83%   149,709   1,080     0.72%
Total Investment                                                  
Securities and
Other Earning       468,614     7,590     1.80%   477,989   8,257     1.92%
Assets
                                                                 
TOTAL                                              $
INTEREST-EARNING     $ 2,386,037 $ 116,957 4.94%   2,498,025 $ 129,964 5.24%
ASSETS
                                                                 
Total Non-Interest   214,236                     260,763            
Earnings Assets
TOTAL ASSETS         $ 2,600,273                 $                  
                                                   2,758,788
                                                                 
INTEREST BEARING                                                  
LIABILITIES
                                                                 
INTEREST-BEARING                                                  
DEPOSITS:
Money Market         $621,638   $4,768   0.77%   $590,198 $5,291   0.90%
NOW                  26,154      71        0.27%   23,869    84        0.35%
Savings              100,740     2,371     2.35%   89,582    2,487     2.78%
Time Deposits of     611,922     4,968     0.81%   658,862   6,345     0.96%
$100,000 or More
Other Time Deposits  295,305     2,843     0.96%   377,491   4,334     1.15%
Total Interest       1,655,759   15,021    0.91%   1,740,002 18,541    1.07%
Bearing Deposits
                                                                 
BORROWINGS:                                                       
FHLB Advances and    8,806       16        0.18%   163,227   2,057     1.26%
Other Borrowings
Junior Subordinated  83,883      2,018     2.41%   87,321    1,991     2.28%
Debentures
Total Borrowings     92,689      2,034     2.19%   250,548   4,048     1.62%
                                                                 
TOTAL INTEREST       $ 1,748,448 $17,055  0.98%   $         $22,589  1.14%
BEARING LIABILITIES                                1,990,550
                                                                 
Non-Interest        510,544                     462,443            
Bearing Deposits
Other Liabilities   35,448                      41,129             
Shareholders'       305,833                     264,666            
Equity
TOTAL LIABILITIES    $ 2,600,273                 $                  
AND EQUITY                                         2,758,788
                                                                 
NET INTEREST INCOME             $99,902                  $ 107,375 
                                                                 
NET INTEREST SPREAD                      3.96%                     4.10%
                                                                 
NET INTEREST MARGIN                      4.22%                     4.34%
                                                                 
* Tax equivalent
ratios for                                                        
investment
securities

CONTACT: Alex Ko, EVP & CFO, (213) 427-6560
         www.wilshirebank.com
 
Press spacebar to pause and continue. Press esc to stop.