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Wilshire Bancorp Reports Net Income of $11.6 Million or $0.16 Earnings Per Share for First Quarter 2013

Wilshire Bancorp Reports Net Income of $11.6 Million or $0.16 Earnings Per
Share for First Quarter 2013

LOS ANGELES, April 22, 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
$11.6 million, or $0.16 per diluted common share, for the quarter ended March
31, 2013. This compares to net income available to common shareholders of
$17.9 million, or $0.25 per common share, for the same period of the prior
year, and net income of $15.2 million, or $0.21 per common share, for the
fourth quarter of 2012.

Pre-tax, pre-provision income (PTPP)* was $17.0 million for the first quarter
of 2013, compared with $16.1 million in the first quarter of 2012, and $11.6
million in the fourth quarter of 2012.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, "Our first
quarter results reflect the strong core earnings power of the Company, as we
generated an annualized return on average assets of 1.70% and an annualized
return on average equity of 13.3%. We also showed solid growth in both revenue
and pre-tax, pre-provision income over the first quarter of 2012. While
overall loan growth remains challenging given the intense competition for
quality loans, we are pleased with our continued progress in developing more
commercial lending relationships.We originated $55 million of commercial
loans during the first quarter of 2013 – our highest level in several years –
and also saw significant inflows of demand deposits from new commercial
customers.We also continue to see steady improvement in asset quality, which
has kept our credit costs low.

"We continue to have a very strong capital position and our operations are
generating additional capital each quarter.Accordingly, we have initiated a
more active capital management plan designed to both invest in the growth of
our franchise and return excess capital to shareholders.The first step in
this plan was the authorization of a program to repurchase up to 5% of our
outstanding common shares.We are actively evaluating other uses for our
capital including but not limited to the potential reinstatement of a common
stock dividend, investments in de novo branches, and strategic
acquisitions.We are optimistic that our more active capital management plan
will create additional value for shareholders going forward," said Mr. Yoo.

Q1 2013 Summary:

  *Net income available to common shareholders totaled $11.6 million or $0.16
    per diluted common share
  *Total revenue of $34.3 million, an increase of 5.8% from the Q4 2012 and
    11.1% from the Q1 2012
  *Return on average assets of 1.70%; return on average equity of 13.3%
  *Operating efficiency ratio reduced to 50.5% for Q1 2013, compared to 64.1%
    for Q4 2012
  *Loans receivable totaled $2.05 billion at March 31, 2013, an increase of
    2.0% from $2.01 billion at December 31, 2012
  *Non-accrual loans reduced 10.3% and classified loans reduced 6.2% in Q1
    2013 compared to Q4 2012
  *Continued improvement in credit quality resulted in no provision for
    losses on loans and loan commitments for Q1 2013
  *Board of Directors authorized repurchase of up to 5% of outstanding common
    stock

STATEMENT OF OPERATIONS

Net Interest Income and Margin

Net interest income before credit for losses on loans and loan commitments
totaled $25.6 million for the first quarter of 2013, an increase of 4.6% from
$24.4 million for the first quarter of 2012, and unchanged from the fourth
quarter of 2012.The increase from the prior year was primarily due to a
reduction in interest expense on deposits.

Net interest margin was 4.09% for the first quarter of 2013, compared to 4.07%
in the first quarter of 2012, and 4.33% for the fourth quarter of 2012. The
decrease in net interest margin from the fourth quarter of 2012 was primarily
due to lower yields on loans, partially offset by a reduction in the cost of
deposits.

Loan yields decreased to 5.21% for the first quarter of 2013 from 5.54% for
the fourth quarter of 2012 due to new loans that were originated at rates that
were lower than that of the existing portfolio, as a result of the low
interest rate environment and competitive landscape within the banking
industry.The total cost of interest-bearing deposits declined to 0.73% for
the first quarter of 2013, down from 0.79% for the fourth quarter of 2012.The
reduction in deposit rates was the result of declines in deposit costs across
all categories.

Non-Interest Income

Total non-interest income was $8.7 million for the first quarter of 2013,
compared to $6.4 million for the first quarter of 2012, and $6.7 million for
the fourth quarter of 2012.The increase from the prior quarter was primarily
due to an increase in the net gain on sales of loans to $3.5 million during
the first quarter of 2013 from $1.2 million during the fourth quarter of 2012.

The $3.5 million in net gains on sales of loans recognized in the first
quarter of 2013 represents $3.4 million in gains from the sale of SBA loans,
and $13 thousand in gains from the sale of residential mortgage loans.

Non-Interest Expense

Total non-interest expense was $17.3 million for the first quarter of 2013,
compared with $14.7 million for the first quarter of 2012, and $20.7 million
for the fourth quarter of 2012.The decrease in total non-interest expense
from the prior quarter was primarily due to a $3.9 million impairment charge
against the Company's FDIC indemnification asset that increased non-interest
expense in the fourth quarter of 2012.No impairment charge against the FDIC
indemnification asset was recorded in the first quarter of 2013.

Total salaries and employee benefits expense was $8.8 million for the first
quarter of 2013, compared with $8.2 million for the first quarter of 2012, and
$7.9 million for the fourth quarter of 2012. The increase from the prior year
was primarily due to an increase in the number of employees.The increase from
the prior quarter was primarily due to seasonally higher payroll taxes and
employee benefits.

Other non-interest expense for the first quarter of 2013 totaled $5.8 million,
compared with $3.9 million in the first quarter of 2012, and $6.2 million for
the fourth quarter of 2012.The increase from the first quarter of 2012 was
primarily attributable to an increase in legal fees and other miscellaneous
expenses.The decrease from the fourth quarter of 2012 was primarily
attributable to a decline in other loan and OREO expenses.

The Company's operating efficiency ratio was 50.5% for the first quarter of
2013, compared with 47.8% for the first quarter of 2012 and 64.1% for the
fourth quarter of 2012.

Tax Provision

For the first quarter of 2013, the Company recorded a provision for income
taxes totaling $5.4 million, reflecting an effective tax rate of 31.7%.The
effective tax rate is lower than historical rates primarily due to the
generation of tax credits associated with the Company's investment in
affordable housing programs.

BALANCE SHEET

Total gross loans receivable, were $2.06 billion at March 31, 2013, compared
to $2.01 billion at December 31, 2012.The increase in total gross loans
receivable during the first quarter of 2013 was primarily due to a $29.3
million increase in the commercial and industrial portfolio.

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

Loan Categories

                                      

              Quarter Ended
(Dollars In    Mar 31,     Dec 31,     Sep 30,     Jun 30,     Mar 31,
Thousands)     2013        2012        2012        2012        2012
                                                          
                                                          
Construction   $34,030    $20,928    $20,311    $27,030    $38,552
Real Estate    1,695,980   1,692,273   1,629,951   1,622,786   1,571,351
Secured
Commercial &   313,645     284,318     288,585     297,807     280,347
Industrial
Consumer       11,684      13,674      14,153      13,595      16,433
Gross Loans   2,055,339   2,011,193   1,953,000   1,961,218   1,906,683
Receivable *
Held-For-Sale 134,129     145,973     140,109     66,485      48,128
Loans
Total Gross   $2,189,468 $2,157,166 $2,093,109 $2,027,703 $1,954,811
Loans *
 * Gross Loans Receivable and Total Gross Loans are not net of deferred       
fees and costs as is shown in the consolidated balance sheet presentation

The following table shows quarterly loan originations by loan type:

Loan Originations

Dollars In   
Thousands)
            Quarter Ended
            March 31, 2013 December 31,   September 30,  June 30, 2012 March 31, 2012
                            2012           2012
                                                                        
Real Estate  $86,839  45%  $157,901 60%  $80,700  39%  $81,782 33%  $46,029  36%
Secured
Commercial & 55,096    29%  34,059    13%  40,683    19%  50,469   21%  27,223    22%
Industrial
Consumer     537       0%   3,083     1%   1,805     1%   304      0%   100       0%
SBA          27,379    14%  38,700    15%  27,457    13%  37,989   16%  33,043    26%
Residential  22,831    12%  30,624    11%  58,589    28%  74,673   30%  20,630    16%
Mortgage
Total Loan   $192,682 100% $264,367 100% $209,234 100% $        100% $127,025 100%
Originations                                              245,217
                                                                        

Total SBA loans held-for-sale at the end of the first quarter of 2013 totaled
$64.9 million compared to $72.8 million at the end of the previous
quarter.The remaining $69.2 million in loans held-for-sale at March 31, 2013
were comprised entirely of residential 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 first quarter of 2013, the Company sold approximately $30.3
million in SBA loans.

Total deposits were $2.16 billion at March 31, 2013, compared with $2.17
billion at December 31, 2012.Decreases in non-jumbo time deposits and money
market deposits were partially offset by an increase in non-interest bearing
demand deposits and jumbo time deposits.Compared to the March 31, 2012,
non-interest bearing demand deposits increased 16.8% at March 31, 2013.

CREDIT QUALITY

The Company has experienced improving credit trends for several quarters, most
notably evidenced by decreases in non-accrual loans and classified loans.In
light of the continued improvement in credit quality, the Company determined
that no provision for losses on loans and loan commitments was required for
the first quarter of 2013.The allowance for loan losses totaled $58.6
million, or 2.85% of gross loans (excluding loans held-for-sale), at March 31,
2013, compared to $63.3 million, or 3.15% of gross loans (excluding loans
held-for-sale), at December 31, 2012.The coverage ratio of the allowance for
loan losses to non-performing assets was 214.6% at March 31, 2013, compared
with 210.7% at December 31, 2012.

Non-Accrual Loans

At March 31, 2013, total non-accrual loans were $25.1 million, or 1.15% of
gross loans, compared to $28.0 million, or 1.30% of gross loans, at December
31, 2012.Covered loan (previously acquired loans covered under FDIC loss
share agreements) non-accruals totaled $5.0 million at March 31, 2013.

The following table shows total non-accrual loans by loan type:

                                      

NON-ACCRUAL LOANS                                                 
                                 Quarter Ended
(Dollars In Thousands, Net of SBA Mar 31,  Dec 31,  Sep 30,  Jun 30,  Mar 31,
Gty Portions)                     2013     2012     2012     2012     2012
                                                                 
Construction                      $5,542  $5,644  $7,678  $8,139  $8,139
Real Estate Secured               18,366   21,007   29,726   32,158   41,482
Commercial & Industrial           1,169    1,302    1,478    1,188    1,370
Total Non-Accrual Loans           $25,077 $27,953 $38,882 $41,485 $50,991

Gross Loan Charge-offs

Loan charge-offs for the first quarter of 2013 totaled $5.6 million, compared
to $3.0 million in the fourth quarter of 2012.The largest components of the
first quarter 2013 loan charge-offs was a $1.7 million partial charge-off of a
real estate secured loan related to a golf course and a $1.3 million partial
charge-off of a gas station loan. Covered loan charge-offs totaled $35
thousand for the first quarter of 2013.

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

                                      

LOAN CHARGE-OFFS   Quarter Ended
(Dollars In        Mar 31,     Dec 31,     Sep 30,     Jun 30,     Mar 31,
Thousands)         2013        2012        2012        2012        2012
                                                              
Real Estate        $4,405     $1,776     $3,015     $2,930     $2,928
Secured
Commercial &       1,183       1,224       112         511         1,435
Industrial
Consumer           1           --          --          1           1
Total Charge-Offs  $5,589     $3,000     $3,127     $3,442     $4,364
Loans

Other measures of credit quality are shown in the following tables:

DELINQUENT LOANS --By Days Past   Quarter Ended
Due
(Dollars In Thousands, Net of SBA   Mar 31, Dec 31, Sep 30,  Jun 30,  Mar 31,
Gty Portions)                       2013    2012    2012     2012     2012
                                                                 
30 - 59 Days Past Due               $7,438 $3,059 $7,507  $9,157  $6,348
60 - 89Days Past Due               1,193   1,174   2,994    1,412    3,077
90 Days, and still accruing         1,000   --      --       923      933
Total Delinquent Loans              $9,631 $4,233 $10,501 $11,492 $10,358

                                      

TROUBLED DEBT RESTRUCTURED LOANS  Quarter Ended
(Dollars In Thousands, Net of SBA Mar 31,  Dec 31,  Sep 30,  Jun 30,  Mar 31,
Gty Portions)                     2013     2012     2012     2012     2012
                                                                 
Real Estate Secured               $23,588 $28,268 $28,524 $20,719 $20,612
Commercial & Industrial           7,279    7,465    7,482    6,983    7,329
Total TDR Loans                   $30,867 $35,733 $36,006 $27,702 27,941
                                                                 

                                      

LOAN CLASSIFICATIONS         Quarter Ended
(Dollars In Thousands, Net   Mar 31,   Dec 31,   Sep 30,   Jun 30,   Mar 31,
of SBA Gty Portions)         2013      2012      2012      2012      2012
                                                                
                                                                
Special Mention              $74,553  $82,275  $94,716  $84,345  $108,660
Substandard                  144,521   157,192   165,473   178,290   175,875
Doubtful                     9,301     6,856     7,344     8,721     17,700
Total Gross Loans            $228,375 $246,323 $267,533 $271,356 $302,235

CAPITAL RATIOS

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

                                      

                                          Well Capitalized  Total Excess Above
(Dollars In Thousands, Except   March 31, Regulatory        Well
Per Share Info)                 2013      Requirements      Capitalized
                                                            Requirements
                                                         
Tier 1 Leverage Capital Ratio   14.72%    5.00%             $263,194
Tier 1 Risk-Based Capital Ratio 18.72%    6.00%             $270,882
Total Risk-Based Capital Ratio  19.99%    10.00%            $212,735
Tangible Common Equity To       12.59%    N/A               N/A
Tangible Assets *
Tangible Common Equity Per      $4.85    N/A               N/A
Common Share *

___________________

* Tangible Common Equity and Tangible Assets are Non-GAAP measure of financial
performance.Please refer to the "Reconciliation of GAAP Financial Measures to
Non-GAAP Financial Measures" table at the end of this press release for a
reconciliation of Tangible Common Equity to Shareholders' Equity and Tangible
Assets to Total Assets

CONFERENCE CALL

Management will host its quarterly conference call on April 23, 2013, at 11:00
a.m. PT (2:00 p.m. ET). Investment professionals are invited to participate in
the call by dialing 866-953-6857 (domestic number) or 617-399-3481
(international number) and entering passcode #48466954.

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 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 and our other filings made from time to time with
the SEC.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 Thousands)  March 31,   December 31, Three    March 31,   Twelve
(Unaudited)                                      Months               Months
                       2013        2012         % Change 2012        % Change
ASSETS:                                                           
Cash and Due from Banks $86,890    $118,495    -27%     $200,581   -57%
Federal Funds Sold and  55,005      55,005       0%       170,007     -68%
Other Cash Equivalents
Total Cash and Cash     141,895     173,500      -18%     370,588     -62%
Equivalents
                                                                 
Investment Securities   336,569     332,504      1%       292,305     15%
Available For Sale
Investment Securities   46          50           -8%      62          -26%
Held To Maturity
Total Investment        336,615     332,554      1%       292,367     15%
Securities
                                                                 
                                                                 
Total Loans             134,129     145,973      -8%      48,128      179%
Held-For-Sale                                             
                                                                 
Real Estate            33,275      20,254       64%      37,971      -12%
Construction
Residential Real       142,958     136,189      5%       106,361     34%
Estate
Commercial Real Estate 1,549,280   1,552,741    0%       1,462,111   6%
Commercial and         312,758     283,525      10%      279,665     12%
Industrial
Consumer               11,666      13,658       -15%     16,419      -29%
Total Loans Receivable,
Net of Deferred Fees    2,049,937   2,006,367    2%       1,902,527   8%
and Costs
Allowance For Loan      (58,577)    (63,285)     -7%      (99,826)    -41%
Losses
Total Loans, Net of
Allowance for Loan      2,125,489   2,089,055    2%       1,850,829   15%
Losses
                                                                 
Accrued Interest        7,533       7,290        3%       8,385       -10%
Receivable
Due from Customers on   162         54           200%     174         -7%
Acceptances
Other Real Estate Owned 1,219       2,080        -41%     2,271       -46%
Premises and Equipment  11,218      11,630       -4%      12,168      -8%
Federal Home Loan Bank  11,933      12,090       -1%      14,781      -19%
(FHLB) Stock, at Cost
Cash Surrender Value of 22,074      21,213       4%       20,036      10%
Life Insurance
Investment in
affordable housing      38,334      39,154       -2%      37,020      4%
partnerships
Deferred Income Taxes   17,135      20,862       -18%     2,384       619%
Servicing Assets        10,421      9,610        8%       9,013       16%
Goodwill                6,675       6,675        0%       6,675       0%
FDIC Indemnification    4,954       5,446        -9%      18,901      -74%
Asset
Other Assets            20,763      19,650       6%       16,910      23%
TOTAL ASSETS            $2,756,420 $2,750,863  0%       $2,662,502 4%
                                                                 
LIABILITIES AND                                                   
SHAREHOLDERS' EQUITY:
LIABILITIES:                                                      
Non-interest Bearing    $593,584   $586,003    1%       $508,292   17%
Demand Deposits
Savings and Interest    125,636     125,595      0%       135,622     -7%
Checking
Money Market Deposits   623,103     640,266      -3%      602,169     3%
Time Deposits in
denomination of         589,502     573,773      3%       634,039     -7%
$100,000 or more
Other Time Deposits     230,733     241,172      -4%      330,151     -30%
Total Deposits          2,162,558   2,166,809    0%       2,210,273   -2%
                                                                 
FHLB Borrowings         150,000     150,000      0%       --          0%
Acceptance Outstanding  162         54           200%     174         -7%
Junior Subordinated     61,857      61,857       0%       87,321      -29%
Debentures
Accrued Interest        2,056       2,037        1%       3,429       -40%
Payable
Other Liabilities      26,074      27,689       -6%      91,409      -71%
Total Liabilities       2,402,707   2,408,446    0%       2,392,606   0%
                                                                 
SHAREHOLDERS' EQUITY:                                             
Preferred Stock         --          --           0%       2,123       -100%
Common Stock            164,915     164,790      0%       164,876     0%
Retained Earnings       182,405     170,816      7%       95,026      92%
Accumulated Other       6,393       6,811        -6%      7,871       -19%
Comprehensive Income
Total Shareholders'     353,713     342,417      3%       269,896     31%
Equity
TOTAL LIABILITIES AND   $2,756,420 $2,750,863  0%       $2,662,502 4%
SHAREHOLDERS' EQUITY

                                      

CONSOLIDATED STATEMENT OF                                           
OPERATIONS
(Dollars In Thousands,
Except Per Share Data)                                              
(Unaudited)
                           Quarter Ended           Three    Quarter    Twelve
                                                    Mths     Ended      Mths
                           March 31,  December 31, % Change March 31,  %
                            2013       2012                  2012       Change
                                                                   
INTEREST INCOME                                                     
Interest and Fees on Loans  $26,885   $27,472     -2%      $27,121   -1%
Interest on Investment      1,725      1,596        8%       1,525      13%
Securities
Interest on Federal Funds   153        155          -1%      601        -75%
Sold
Total Interest Income       28,763     29,223       -2%      29,247     -2%
                                                                   
INTEREST EXPENSE                                                    
Deposits                    2,849      3,176        -10%     4,255      -33%
FHLB Advances and Other     362        420          -14%     553        -35%
Borrowings
Total Interest Expense      3,211      3,596        -11%     4,808      -33%
                                                                   
Net Interest Income Before
Credit for Losses on Loans  25,552     25,627       0%       24,439     5%
and Loan Commitments
Credit for Losses on Loans  --         (12,000)     -100%    --         0%
and Loan Commitments
Net Interest Income After
Credit for Losses on Loans  25,552     37,627       -32%     24,439     5%
and Loan Commitments
                                                                   
NONINTEREST INCOME                                                  
Service Charges on Deposits 2,808      3,051        -8%      3,226      -13%
Gain on Sales ofLoans, Net 3,486      1,159        201%     758        360%
Gain on Sale/Call of        --         --           0%       3          -100%
Investment Securities
Other                       2,411      2,529        -5%      2,399      1%
Total Noninterest Income    8,705      6,739        29%      6,386      36%
                                                                   
NONINTEREST EXPENSES                                                
Salaries and Employee       8,805      7,920        11%      8,162      8%
Benefits
FDIC Indemnification        --         3,900        -100%    --         0%
Impairment
Occupancy & Equipment       2,040      2,054        -1%      1,942      5%
Data Processing             675        688          -2%      732        -8%
Other                       5,764      6,179        -7%      3,891      48%
Total Noninterest Expenses  17,284     20,741       -17%     14,727     17%
                                                                   
Income Before Income Taxes  16,973     23,625       -28%     16,098     5%
Income Taxes Provision      5,384      8,415        -36%     (354)      N/A
(Benefit)
NET INCOME                  $11,589   $15,210     -24%     $16,452   -30%
                                                                   
Preferred Stock Cash        --         --           0%       (802)      -100%
Dividend
Accretion of Preferred      --         --           0%       (1,123)    -100%
Stock Discount
One-time Adjustment From
Repurchase of Preferred     --         --           0%       3,389      -100%
Stock
Total Preferred Stock       --         --           0%       1,464      -100%
Related Adjustment
                                                                   
NET INCOME AVAILABLE TO    $11,589   $15,210     -24%     $17,916   -35%
COMMON SHAREHOLDERS
                                                                   
PER COMMON SHARE                                                    
INFORMATION:
Basic Income Per Common     $0.16     $0.21       -24%     $0.25     -35%
Share
Diluted Income PerCommon   $0.16     $0.21       -24%     $0.25     -35%
Share
WEIGHTED-AVERAGE COMMON                                             
SHARES OUTSTANDING:
Basic                       71,295,673 71,294,573           71,282,518 
Diluted                     71,431,841 71,421,836           71,311,209 

                                                                      

SUMMARY OF FINANCIAL                                                
DATA
Dollars In
Thousands, Except                                                   
Per Share Data)
(Unaudited)
                                                                   
                    Quarter Ended
AVERAGE BALANCES     March 31,          December 31,       March 31,   
                     2013                2012                2012
                                                                   
Average Assets       $2,726,058        $2,609,509        $2,641,982 
Average Equity       348,071            334,380            314,980     
Average Net Loans    2,063,649          1,984,434          1,855,310   
Average Deposits     2,135,445          2,153,976          2,179,151   
Average Time
Deposits in          581,213            585,134            646,162     
denomination of
$100,000 or more
Average FHLB & Other 150,000            14,130             21,132      
Borrowings
Average Interest     2,517,165          2,386,128          2,422,351   
Earning Assets
                                                                   
                    Quarter Ended
PROFITABILITY        March 31,          December 31,       March 31,   
                     2013                2012                2012
                                                                   
Annualized Return on 1.70%              2.33%              2.49%       
Average Assets
Annualized Return on 13.32%             18.19%             20.89%      
Average Equity
Efficiency Ratio     50.45%             64.08%             47.78%      
Annualized Operating
Expense/Average      2.54%              3.18%              2.23%       
Assets
Annualized Net       4.09%              4.33%              4.07%       
Interest Margin
                                                                   
                    As Of
                     March 31,    Cost   December 31,  Cost  March 31,   Cost
DEPOSIT COMPOSITION  2013         of     2012          of    2012        of
                                  Funds                Funds             Funds
                                                                   
Noninterest Bearing  27.4%        0.00%  27.0%         0.00% 23.0%       0.00%
Demand Deposits
Savings & Interest   5.8%         1.51%  5.8%          1.66% 6.2%        2.22%
Checking
Money Market         28.8%        0.63%  29.6%         0.66% 27.2%       0.84%
Deposits
Time Deposits of     27.3%        0.64%  26.5%         0.72% 28.7%       0.90%
$100,000 or More
Other Time Deposits  10.7%        0.80%  11.1%         0.84% 14.9%       1.04%
Total Deposits     100.0%       0.53%  100.0%        0.59% 100.0%      0.78%
                                                                   
                    As Of
CAPITAL RATIOS       March 31,          December 31,       March 31,   
                     2013                2012                2012
                                                                   
Tier 1 Leverage      14.72%             14.87%             12.49%      
Ratio
Tier 1 Risk-Based    18.72%             18.47%             18.00%      
Capital Ratio
Total Risk-Based     19.99%             19.74%             19.31%      
Capital Ratio
Total Shareholders'  $353,713          $342,417          $269,896   
Equity
Book Value Per       $4.96             $4.80             $3.76      
Common Share
Tangible Common
Equity Per Common    $4.85             $4.69             $3.65      
Share *
Tangible Common
Equity to Tangible   12.59%             12.20%             9.79%       
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
                                                                
                              March 31, December September June 30, March 31,
                               2013      31, 2012 30, 2012  2012     2012
                                                                
Balance at Beginning of Period $63,285  $74,353 $89,134  $99,826 $102,982
Credit for Losses on Loans     --        (10,600) (12,000)  (9,000)  --
Recoveries on Loans Previously 881       2,532    346       1,750    1,208
Charged-off
Gross Loan Charge-offs         (5,589)   (3,000)  (3,127)   (3,442)  (4,364)
Balance at End of Period       $58,577  $63,285 $74,353  $89,134 $99,826
                                                                
Net Loan Charge-offs/Average   0.23%     0.02%    0.14%     0.09%    0.17%
Total Loans
Charge-offs/Average Total      0.27%     0.15%    0.16%     0.18%    0.24%
Loans
Allowance for Loan             2.85%     3.15%    3.81%     4.54%    5.24%
Losses/Gross Loans *
Allowance for Loan             3.01%     3.33%    4.08%     4.89%    5.69%
Losses/Legacy Wilshire Loans *
Allowance for Loan             233.59%   226.40%  191.23%   214.86%  195.77%
Losses/Non-accrual Loans
Allowance for Loan             224.63%   226.40%  191.23%   210.18%  192.25%
Losses/Non-performing Loans
Allowance for Loan             214.60%   210.73%  180.65%   190.62%  184.20%
Losses/Non-performing Assets
                                                                
* Excluding held-for-sale                                        
loans
                                                                
NON-PERFORMING ASSETS          Quarter Ended
(Dollars In Thousands, Net of                                    
SBA Gty Portions)
(Unaudited)                    March 31, December September June 30, March 31,
                               2013      31, 2012 30, 2012  2012     2012
                                                                
Non-accrual Loans              $25,077  $27,953 $38,882  $41,485 $50,991
Loans 90 days or more past due 1,000     --       --        923      933
and still accruing
Total Non-performing Loans     26,077    27,953   38,882    42,408   51,924
                                                                
Total OREO                     1,219     2,079    2,277     4,351    2,271
                                                                
Total Non-performing Assets    $27,296  $30,032 $41,159  $46,759 $54,195
                                                                
Total Non-performing           1.19%     1.30%    1.86%     2.09%    2.66%
Loans/Gross Loans
Total Non-performing           0.99%     1.09%    1.57%     1.80%    2.04%
Assets/Total Assets
                                                                

ALLOWANCE FOR OFF-BALANCE  Quarter Ended
SHEET ITEMS
(Dollars In Thousands)     March 31, December 31, September June 30, March 31,
(Unaudited)                2013      2012         30, 2012  2012     2012
                                                                
Balance at beginning of    $1,023   $2,423      $2,423   $3,423  $3,423
period
Credit for losses on       --        (1,400)      --        (1,000)  --
off-balance sheet items
Balance at end of period   $1,023   $1,023      $2,423   $2,423  $3,423
                                                                

                                                                             

WILSHIRE BANCORP, INC. AND SUBSIDIARIES
AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID
(Dollars In
Thousands)                                                                        
(Unaudited)
                                                                                 
                For the Quarter Ended
                March 31, 2013             December 31, 2012          March 31, 2012
                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      $         $22,435 4.97%   $         $22,753 5.20%   $         $22,914 5.50%
Loans            1,804,496                  1,749,807                  1,665,217
Commercial Loans 314,389   3,630    4.62%   300,138   3,703    4.94%   281,761   3,397    4.82%
Consumer Loans   12,827    80       2.50%   13,708    89       2.60%   15,740    105      2.67%
Total Gross      2,131,712 26,145   4.91%   2,063,653 26,545   5.15%   1,962,718 26,416   5.38%
Loans
Loan Fees toward          740                      927                      705      
Yield
Allowance for
Loan Losses &    (68,063)                 (79,219)                 (107,408)         
Unearned Income
Net Loans        2,063,649 26,885   5.21%   1,984,434 27,472   5.54%   1,855,310 27,121   5.85%
                                                                                 
INVESTMENT                                                                        
SECURITIES AND
OTHER
INTEREST-EARNING                                                                  
ASSETS:
Investment       324,261   1,725    2.37%   297,205   1,596    2.42%   308,486   1,525    2.27%
Securities*
Federal Funds    129,255   153      0.47%   104,489   155      0.59%   258,555   601      0.93%
Sold
Total Investment                                                                  
Securities and
Other Earning   453,516   1,878    1.83%   401,694   1,751    1.94%   567,041   2,126    1.66%
Assets
                                                                                 
TOTAL            $                          $                          $
INTEREST-EARNING 2,517,165 $28,763 4.60%   2,386,128 $29,223 4.93%   2,422,351 $29,247 4.87%
ASSETS
                                                                                 
Total
Non-Interest     208,893                  223,381                  219,631           
Earning Assets
TOTAL ASSETS     $                        $                        $                 
                 2,726,058                  2,609,509                  2,641,982
                                                                                 
INTEREST BEARING                                                                  
LIABILITIES
                                                                                 
INTEREST-BEARING                                                                  
DEPOSITS:
Money Market     $623,471 $976    0.63%   $653,020 $1,072  0.66%   $583,711 $1,223  0.84%
NOW              25,958    12       0.19%   27,317    14       0.21%   24,215    20       0.33%
Savings          100,560   464      1.85%   99,371    511      2.06%   100,964   675      2.67%
Time Deposits of 581,213   924      0.64%   585,134   1,059    0.72%   646,162   1,447    0.90%
$100,000 or More
Other Time       235,862   473      0.80%   248,237   520      0.84%   340,965   890      1.04%
Deposits
Total Interest   1,567,064 2,849    0.73%   1,613,079 3,176    0.79%   1,696,017 4,255    1.00%
Bearing Deposits
                                                                                 
BORROWINGS:                                                                       
FHLB Advances
and Other        150,044   80       0.21%   14,130    10       0.28%   21,132    6        0.11%
Borrowings
Junior
Subordinated     61,857    282      1.82%   74,295    410      2.21%   87,321    547      2.51%
Debentures
Total Borrowings 211,901   362      0.68%   88,425    420      1.90%   108,453   553      2.04%
                                                                                 
TOTAL INTEREST   $                          $                          $
BEARING          1,778,965 $3,211  0.72%   1,701,504 $3,596  0.85%   1,804,470 $4,808  1.07%
LIABILITIES
                                                                                 
Non-Interest    568,381                  540,897                  483,134           
Bearing Deposits
Other           30,641                   32,728                   39,398            
Liabilities
Shareholders'   348,071                  334,380                  314,980           
Equity
TOTAL            $                          $                          $
LIABILITIES AND  2,726,058                2,609,509                2,641,982         
EQUITY
                                                                                 
NET INTEREST              $25,552                 $25,627                 $24,439 
INCOME
.                                                                                 
NET INTEREST                      3.88%                    4.09%                    3.80%
SPREAD
                                                                                 
NET INTEREST                      4.09%                    4.33%                    4.07%
MARGIN
* Tax equivalent
ratios for
investment                                                                        
securities

                                                                                 

                                                                             

RECONCILIATION OF GAAP
FINANCIAL MEASURES TO                                 
NON-GAAP FINANCIAL
MEASURES:
                                                     
TANGIBLE COMMON EQUITY                                
AND TANGIBLE ASSETS
(Dollars In Thousands,
Except Share Data)      Quarter Ended
(Unaudited)
                       March 31, 2013   December 31,   March 31, 2012
                                         2012
                                                     
Total shareholders'     $353,713        $342,417      $269,896
equity
Preferred stock, net   --               --             (2,123)
of discount
Goodwill and other     (7,642)          (7,712)        (7,925)
intangible assets, net
Tangible common equity  $346,071        $334,705      $259,848
                                                     
Total assets            $2,756,420      $2,750,863    $2,662,502
Goodwill and other     (7,642)          (7,712)        (7,925)
intangible assets, net
Tangible assets         $2,748,778      $2,743,151    $2,654,577
                                                     
Common shares           71,296,956       71,295,144     71,282,518
outstanding
                                                     
PRE-TAX, PRE-PROVISION                                
INCOME (PTPP) *
(Dollars In Thousands)  Quarter Ended
(Unaudited)
                       March 31, 2013   December 31,   March 31, 2012
                                         2012
                                                     
Net Income              $11,589         $15,210       $16,452
Add Back - Income Tax   5,384            8,415          (354)
Provision (Benefit)
Add Back - Credit for
Losses on Loans and     --               (12,000)       --
Loan Commitments
Pre-tax, Pre-Provision  $16,973         $11,625       $16,098
Income (PTPP)
                                                     
PTPP to Average Assets  2.49%            1.78%          2.44%
(Annualized)
                                                     
* Tangible Common Equity, Tangible Assets, and Pre-tax, Pre-provision
Income are Non-GAAP financial measures. Management believes that
presentation of non-GAAP financial information included in this press
release are meaningful and useful in understanding the business metrics
of the Company's operations.We provide non-GAAP financial information
for informational purposes and to enhance an understanding of the          
Company's GAAP consolidated financial statements.Readers should
consider this non-GAAP information in addition to, but not instead or as
superior to, the Company's financial statements in accordance with
GAAP.Non-GAAP financial information presented by us may be determined
or calculated differently by other companies, limiting the usefulness of
non-GAAP measures for comparative purposes
                                                     
                                                     

CONTACT: Alex Ko, EVP & CFO, (213) 427-6560
         www.wilshirebank.com
 
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