Wilshire Bancorp Reports Net Income of $10.9 Million or $0.15 per Share for Fourth Quarter 2013

Wilshire Bancorp Reports Net Income of $10.9 Million or $0.15 per Share for
Fourth Quarter 2013

LOS ANGELES, Jan. 27, 2014 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc.
(Nasdaq:WIBC) (the "Company"), the holding company for Wilshire Bank (the
"Bank"), today reported net income available to common shareholders of $10.9
million, or $0.15 per diluted common share, for the quarter ended December 31,
2013. This compares to net income available to common shareholders of $15.2
million, or $0.21 per diluted common share, for the same period of the prior
year, and net income available to common shareholders of $11.3 million, or
$0.16 per diluted common share, for the third quarter of 2013. Financial
results for the fourth quarter of 2013 include $1.8 million in one-time
merger-related expenses attributable to the acquisitions of BankAsiana and
Saehan Bancorp.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, "We are
pleased to deliver another solid quarter, which was driven by a continuation
of our strong business development activity. We had $222 million in loan
production during the fourth quarter, which resulted in 3.2% organic growth in
our loan portfolio during the quarter, and generated our highest level of gain
on sales of SBA loans for any quarter in 2013.

"We believe we are making good progress with the integration of our two recent
acquisitions, BankAsiana and Saehan Bancorp. The two acquisitions have
provided us with an expanded market presence and improved business development
capabilities that we believe will be instrumental in helping us continue
growing our market share. In 2014, we will be focused on fully capturing the
projected synergies from these acquisitions, generating quality balance sheet
growth, and delivering a higher level of profitability for our shareholders,"
said Mr. Yoo.

Q4 2013 Summary

  *Net income available to common shareholders totaled $10.9 million or $0.15
    per diluted common share, for the fourth quarter of 2013
  *Total revenue of $41.6 million, an increase of 29% from the fourth quarter
    of 2012
  *Return on average assets of 1.32% and return on average equity of 10.88%
    for the fourth quarter of 2013
  *Acquisition of BankAsiana and Saehan Bancorp completed during the fourth
    quarter of 2013; Despite these acquisitions being complete, the purchase
    accounting adjustments are still being evaluated and as such are
    preliminary and subject to change
  *Loans receivable totaled $2.82 billion at December 31, 2013, an increase
    of 28% from $2.20 billion at September 30, 2013
  *Total deposits were $2.87 billion at December 31, 2013, an increase of 27%
    from $2.25 billion at September 30, 2013
  *Continued low credit losses resulted in no provision for losses on loans
    and loan commitments for Q4 2013

ACQUISITIONS

During the fourth quarter of 2013, the Company completed its acquisitions of
BankAsiana, previously headquartered in Palisades Park, New Jersey, and Saehan
Bancorp, previously headquartered in Los Angeles, California. The acquisition
of BankAsiana was completed on October 1, 2013 and the acquisition of Saehan
Bancorp was completed on November 20, 2013. With the completion of the
acquisitions, three branches in the New York/New Jersey area and ten branches
in Southern California were added to the Company's existing branch network,
which now consists of 38 branches within the United States.

The acquisitions were accounted for in accordance with generally accepted
accounting principles and the assets and liabilities of BankAsiana and Saehan
Bancorp were recorded at fair value as of the acquisition dates. Goodwill
recorded from the acquisitions for the fourth quarter of 2013 totaled $65.2
million, $10.8 million from the acquisition of BankAsiana and $54.4 million
from the acquisition of Saehan Bancorp.

The fair value of loans acquired from BankAsiana and Saehan Bancorp totaled
$168.1 million and $381.0 million, respectively, at the dates of acquisition.
The fair valuation of the loan portfolio of BankAsiana and Saehan Bancorp
resulted in discounts of $9.2 million (5.2% of the total portfolio) and $27.7
million (6.8% of the total portfolio), respectively. Total deposits acquired
from BankAsiana were $162.5 million and total deposits acquired from Saehan
Bancorp were $503.4 million. Time deposits acquired were recorded at fair
value and included $668,000 and $644,000 in premiums for BankAsiana and Saehan
Bancorp, respectively. Core deposit intangibles recorded from the acquisition
of BankAsiana were $725,000 and core deposit intangibles recorded from the
acquisition of Saehan Bancorp were $3.8 million. After making all the
necessary acquisition accounting adjustments, total assets acquired from
BankAsiana were $209.7 million and total assets acquired from Saehan Bancorp
were $631.7 million.

The acquisition accounting adjustments are current as of the date of this
announcement but may be subject to change as we continue to analyze the fair
value of acquired assets and liabilities at the time of the acquisitions. The
Company's financial results, to be included in the Annual Report on Form 10-K
for the year ended December 31, 2013 could materially differ from the
financial results being reported today as a result of the preliminary purchase
accounting adjustments being reported for BankAsiana and Saehan Bancorp. The
Company will issue another public announcement to provide the final results
for the purchase accounting adjustments should they differ materially from
what is reported today.

STATEMENT OF OPERATIONS

Pre-Tax, Pre-Provision Income

Pre-tax, pre-provision income (PTPP) was $17.0 million for the fourth quarter
of 2013, compared with $11.6 million for the fourth quarter of 2012, and $16.7
million for the third quarter of 2013. Excluding merger-related expenses, PTPP
was $18.8 million for the fourth quarter of 2013.PTPP is a 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 PTPP to net income and important
information about Non-GAAP measures of financial performance.

Net Interest Income and Margin

Net interest income before credit for losses on loans and loan commitments
totaled $32.3 million for the fourth quarter of 2013, an increase of 26% from
$25.6 million for the fourth quarter of 2012, and an increase of 21% from
$26.7 million for the third quarter of 2013.The increase from the prior
quarter is primarily attributable to the acquisitions of BankAsiana and Saehan
Bancorp.

Net interest margin was 4.20% for the fourth quarter of 2013, compared to
4.08% for the third quarter of 2013, and 4.20% for the fourth quarter of 2012.
In order to conform to the calculation of net interest margin within its peer
group, the Company's net interest margin calculation now excludes allowance
for loan losses from earnings assets and average loans, which slightly
decreases loan yields and net interest margin.Previous period calculations
have been adjusted for comparative purposes.Excluding the effects of
acquisition accounting adjustments, the net interest margin was approximately
3.91% for the fourth quarter of 2013.During the third quarter of 2013 the
Company had a large recovery of interest income from loans that were put back
on accrual status.The decrease in the core net interest margin from the prior
quarter was primarily due to a lower amount of recovered interest income
during the fourth quarter of 2013 related to non-accrual loans placed back on
accrual status.

Loan yields were 5.17% for the fourth quarter of 2013, compared with 5.05% for
the third quarter of 2013, and 5.34% for the fourth quarter of 2012.Excluding
the effects of acquisition accounting adjustments, loan yields were
approximately 4.86% for the fourth quarter of 2013.

The total cost of deposits was 0.53% for the fourth quarter of 2013, unchanged
from the third quarter of 2013.The total cost of deposits was 0.59% for the
fourth quarter of 2012.

Non-Interest Income

Total non-interest income was $9.3 million for the fourth quarter of 2013,
compared to $6.7 million for the fourth quarter of 2012, and $7.8 million for
the third quarter of 2013.The increase from the prior quarter was primarily
due to a higher net gain on sale of loans.

The $4.0 million in net gain on sale of loans recognized in the fourth quarter
of 2013 was substantially all gains from the sale of SBA loans.During the
fourth quarter of 2013, the Company sold $43.2 million in SBA loans, compared
with $30.2 million sold during the third quarter of 2013.

Non-Interest Expense

Total non-interest expense was $24.7 million for the fourth quarter of 2013,
compared with $20.7 million for the fourth quarter of 2012, and $17.8 million
for the third quarter of 2013.The increase from prior quarter is primarily
attributable to costs associated with the acquisitions of BankAsiana and
Saehan Bancorp of which one-time non-recurring costs accounted for $1.8
million of non-interest expense.

Total salaries and employee benefits expense was $12.9 million for the fourth
quarter of 2013, compared with $7.9 million for the fourth quarter of 2012,
and $8.8 million for the third quarter of 2013.The increase from the prior
quarter was primarily due to the addition of personnel from the acquisitions
of BankAsiana and Saehan Bancorp and additional bonus accruals for year-end
bonus payments paid to employees.

Other non-interest expense for the fourth quarter of 2013 totaled $6.3
million, compared with $6.2 million in the fourth quarter of 2012, and $5.3
million for the third quarter of 2013.The increase from the prior quarter was
primarily attributable to recurring expense related to growth from the fourth
quarter acquisitions.

Merger-related non-recurring expense was $1.8 million in the fourth quarter of
2013 and was related to severance and retention payments, professional fees,
such as consulting and legal expenses and data processing contract termination
fees.

The Company's operating efficiency ratio was 59.2% for the fourth quarter of
2013, compared with 64.1% for the fourth quarter of 2012 and 51.7% for the
third quarter of 2013. 

Tax Provision

For the fourth quarter of 2013, the Company recorded a provision for income
tax totaling $6.1 million, reflecting an effective tax rate of 35.8% for the
quarter. The effective tax rate for the fourth quarter of 2013 is higher than
the tax rate for the third quarter of 2013 due to an increase in the actual
2013 pre-tax book income versus the projected pre-tax book income and an
increase in the state income tax rate based on tax returns filed for 2012.For
the year ended December 31, 2013, the Company recorded a provision for income
tax totaling $22.3 million, reflecting an effective tax rate of 32.9%. The
effective tax rate is lower than historical rates due to an increase in
federal affordable housing tax credits.

BALANCE SHEET

Total gross loans receivable were $2.82 billion at December 31, 2013, compared
to $2.20 billion at September 30, 2013.At December 31, 2013, the Company had
$161.6 million in loans (net of the fair value adjustment) related to the
acquisition of BankAsiana, and $379.7 million in loans (net of the fair value
adjustment) related to the acquisition of Saehan Bancorp. Excluding the
impact of adding the loan portfolios from BankAsiana and Saehan Bancorp, the
Company's total gross loans receivable increased $82.5 million, or 3.7%,
during the fourth quarter of 2013.

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

              Quarter Ended
(Dollars In    December     September    June 30,     March 31,    December
Thousands)     31, 2013      30, 2013      2013          2013          31, 2012
                                                              
Construction   $40,367     $32,119     $36,371     $34,030     $20,928
Real Estate    2,332,121    1,819,052    1,715,567    1,695,980    1,692,273
Secured
Commercial &   437,524      342,057      337,057      313,645      284,318
Industrial
Consumer       14,694       9,637        11,089       11,684       13,674
Gross Loans   2,824,706    2,202,865    2,100,084    2,055,339    2,011,193
Receivable *
Held-For-Sale 47,557       56,065       60,910       134,129      145,973
Loans
Total Gross   $2,872,263  $2,258,930  $2,160,994  $2,189,468  $2,157,166
Loans *
* Gross loans receivable and total gross loans are not net of deferred fees and             
costs as shown in the consolidated balance sheet presentation

The following table presents the December 31, 2013 balance of gross loans by
loan type and broken out by legacy Wilshire loans and loans acquired from
former Mirae Bank, BankAsiana, and Saehan Bancorp.

(Dollars In    BankAsiana*  Saehan     Mirae     Legacy       Total
Thousands)                   Bancorp*    Bank*      Wilshire
                                                         
Construction   $5,030      $--       $--      $35,337     $40,367
Real Estate    116,430      341,002    71,493    1,803,196    2,332,121
Secured
Commercial &   38,118       36,356     6,316     356,734      437,524
Industrial
Consumer       10           2,376      3         12,305       14,694
Gross Loans   159,588      379,734    77,812    2,207,572    2,824,706
Receivable
Held-For-Sale 2,052        --         --        45,505       47,557
Loans
Total Gross   $161,640    $379,734  $77,812  $2,253,077  $2,872,263
Loans
* Represents loans balances net of fair value adjustment                              

The following table shows quarterly loan originations by loan type:

            Quarter Ended
(Dollars In  December 31,  September 30, June 30, 2013 March 31,     December 31,
Thousands)   2013          2013                        2013          2012
                                                                    
Real Estate  $132,780 60%  $145,361 68%  $93,606  48%  $86,839  45%  $157,901 60%
Secured
Commercial & 30,541   14%  23,710   11%  40,927   21%  55,096   29%  34,059   13%
Industrial
Consumer    546      0%   540      0%   75       0%   537      0%   3,083    1%
SBA         44,599   20%  36,001   17%  40,209   21%  27,379   14%  38,700   15%
Residential  13,858   6%   8,714    4%   20,022   10%  22,831   12%  30,624   11%
Mortgage
Total Loan  $222,324 100% $214,326 100% $194,839 100% $192,682 100% $264,367 100%
Originations

Originations for the fourth quarter of 2013 were $222.3 million, compared with
$214.3 million in the third quarter of 2013. The increase was primarily due to
an increase in SBA and commercial loan production.

Total SBA loans held-for-sale at the end of the fourth quarter of 2013 were
$45.6 million, compared to $53.5 million at the end of the previous
quarter.The decision to retain or sell SBA loan production is made on a
quarter-to-quarter basis, depending on prevailing pricing in the secondary
market and the Company's liquidity needs.

Total deposits were $2.87 billion at December 31, 2013, compared with $2.25
billion at September 30, 2013.At December 31, 2013, $156.3 million in
depositswere attributable tothe acquisition of BankAsiana, and $482.2
million in deposits were attributable tothe acquisition of Saehan Bancorp.

CREDIT QUALITY

The Company continued to experience relatively stable asset quality and a low
level of credit losses during the fourth quarter of 2013.Accordingly, the
Company determined that no provision for losses on loans and loan commitments
was required for the fourth quarter of 2013.The allowance for loan losses
totaled $53.6 million, or 1.90% of gross loans (excluding loans
held-for-sale), at December 31, 2013, compared to $52.4 million, or 2.38% of
gross loans (excluding loans held-for-sale), at September 30, 2013.The
coverage ratio of the allowance for loan losses to non-performing assets was
119.9% at December 31, 2013, compared with 155.1% at September 30, 2013.

Non-Performing Loans

At December 31, 2013, total non-performing loans were $37.2 million, or 1.30%
of total gross loans, compared to $33.0 million, or 1.46% of total gross
loans, at September 30, 2013.Approximately $2.2 million of the increase in
non-performing loans during the fourth quarter of 2013 was attributable to
credits added through the acquisitions of BankAsiana and Saehan Bancorp, which
were recorded at fair value.The remainder of the increase in non-performing
loans was primarily attributable to two commercial real estate loans totaling
$2.8 million that were placed on non-accrual status during the fourth quarter.

Non-performing covered loans (previously acquired loans covered under FDIC
loss share agreements) totaled $6.2 million at December 31, 2013.

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

NON-PERFORMING LOANS      Quarter Ended
(Dollars In Thousands,    Dec 31,    Sep 30,    Jun 30,    Mar 31,    Dec 31,
Net of SBA Guaranty       2013      2013      2013      2013      2012
Portions)
                                                             
Construction              $2,471   $2,471   $5,467   $5,542   $5,644
Real Estate Secured       33,569    29,568    20,090    19,366    21,007
Commercial & Industrial   1,196     1,004     1,224     1,169     1,302
Total Non-Performing     $37,236  $33,043  $26,781  $26,077  $27,953
Loans

Gross Loan Charge-offs

Within the legacy Wilshire Bank portfolio, gross loan charge-offs for the
fourth quarter of 2013 totaled $1.6 million, compared to $3.2 million in the
third quarter of 2013.The Company also recorded $2.7 million in loan
recoveries during the fourth quarter of 2013 of which $2.6 million were
attributable to legacy Wilshire loans and the remaining recoveries were from
previously charged-off covered loans.The increase in recoveries during the
fourth quarter of 2013 was primarily due to one large recovery on a commercial
real estate loan.Total net recoveries were $1.2 million for the fourth
quarter of 2013, compared to net charge-offs of $2.5 million during the
previous quarter.

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

LOAN            Quarter Ended                                                
CHARGE-OFFS
(Dollars In     Dec 31,     Sep 30,     Jun 30,     Mar 31,    Dec 31,
Thousands)      2013         2013         2013         2013        2012
                                                          
Real Estate     $552       $2,438     $3,668     $4,405    $1,776
Secured
Commercial &    997         764         746         1,183      1,224
Industrial
Consumer        2           --          --          1          --
Total Loan      $1,551     $3,202     $4,414     $5,589    $3,000
Charge-Offs

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

DELINQUENTLOANS --By Days    Quarter Ended
Past Due
(Dollars In Thousands, Net of  Dec 31,  Sep 30,  Jun 30,  Mar 31,  Dec 31,
SBA Guaranty Portions)         2013      2013      2013      2013      2012
                                                              
30 - 59 Days Past Due          $2,846  $2,336  $4,993  $7,438  $3,059
60 - 89Days Past Due          2,527    2,827    3,637    1,193    1,174
90 Days, and still accruing    167      --       126      1,000    --
Total Delinquent Loans         $5,540  $5,163  $8,756  $9,631  $4,233
                                                              

TROUBLED DEBT           Quarter Ended
RESTRUCTURED LOANS
(Dollars In Thousands,  Dec 31,    Sep 30,    Jun 30,    Mar 31,    Dec 31,
Net of SBA Guaranty     2013      2013      2013      2013      2012     
Portions)
                                                                   
Real Estate Secured     $30,008  $23,133  $23,671  $23,588  $28,268 
Commercial & Industrial 6,212     6,339     6,730     7,279     7,465    
Total TDR Loans         $36,220  $29,472  $30,401  $30,867  $35,733 
                                                                   

LOAN CLASSIFICATIONS Quarter Ended
(Dollars In
Thousands, Net of    Dec 31,    Sep 30,    Jun 30,    Mar 31,    Dec 31,
SBA Guaranty         2013        2013        2013        2013        2012
Portions)
                                                            
Special Mention      $100,798  $43,519   $49,571   $74,553   $82,275
Substandard          149,479    127,855    138,319    144,521    157,192
Doubtful             8,015      7,174      6,722      9,301      6,856
Total Criticized and $258,292  $178,548  $194,612  $228,375  $246,323
Classified Loans
                                                            
Classified Loans     $157,494  $135,029  $145,041  $153,822  $164,048

Special mentions loans totaled $100.8 million at December 31, 2013, an
increase of $57.3 million from the end of the previous quarter.Approximately
$35.1 million of the increase was due to the loans acquired from BankAsiana
and Saehan Bancorp and the remaining increase of $22.1 million was due to
legacy and covered special mention loans.Classified loans increased $22.5
million during the fourth quarter of 2013.Classified loans acquired from
BankAsiana and Saehan Bancorp totaled $26.0 million at December 31,
2013.Legacy classified loans declined $4.6 million during the fourth quarter
of 2013 and covered loans experienced an increase of $1.0 million during the
same period.

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
(Dollars In Thousands,       December 31,   Regulatory          Above Well
Except Per Share Info)       2013           Requirements        Capitalized
                                                                Requirements
                                                             
Tier 1 Leverage Capital      13.32%         5.00%               $268,425
Ratio
Tier 1 Risk-Based Capital    14.65%         6.00%               253,725
Ratio
Total Risk-Based Capital     15.91%         10.00%              173,269
Ratio
Tangible Common Equity To    10.22%         N/A                 N/A
Tangible Assets *
Tangible Common Equity Per   $4.64          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

Common Stock Issuance

On November 20, 2013, the Company issued 7,210,664 shares of Wilshire common
stock to former Saehan Bancorp shareholders as part of the consideration for
the acquisition.Consideration for the acquisition was paid in approximately
50% cash and 50% stock.

Share Repurchase Program

In March 2013, the Board of Directors of Wilshire Bancorp authorized the
repurchase of up to 5% of the Company's outstanding shares of common
stock.During the fourth quarter of 2013, the Company did not repurchase any
shares.Since the program's inception, 651,412 shares of common stock have
been repurchased for a total price of $3.2 million and an additional 2.9
million shares can be repurchased before the program's expiration. The program
will expire on March 28, 2014 or upon completion of the repurchase of the
authorized shares of common stock.However, the Company has no obligation to
repurchase additional shares under this program and may suspend or discontinue
it at any time.

CONFERENCE CALL

Management will host its quarterly conference call on January 28, 2014, at
11:00 a.m. PT (2:00 p.m. ET). Investment professionals are invited to
participate in the call by dialing 866-543-6403 (domestic number) or
617-213-8896 (international number) and providing the passcode 40464259.

ABOUT WILSHIRE BANCORP

Headquartered in Los Angeles, Wilshire Bancorp is the parent company of
Wilshire Bank, which operates 38 branch offices in California, Texas, New
Jersey and New York, and nine loan production offices in Dallas and Houston,
TX, Atlanta, GA, Aurora, CO, Annandale, VA, Fort Lee, NJ, Newark, CA, New
York, NY, and Bellevue, WA, and is an SBA preferred lender nationwide.
Wilshire 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.For more
information, please go to www.wilshirebank.com.

FORWARD-LOOKING STATEMENTS

Statements concerning future performance, events, 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. Undue reliance should not be placed 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 Securities and Exchange Commission.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, (17) the integration of our acquired businesses, and
(18) general economic conditions. The information in this press release speaks
only as of the date of this release and Wilshire Bancorp specifically
disclaims any duty to update the information in this press release. Additional
information on these and other factors that could affect financial results are
included in filings by Wilshire Bancorp with the Securities and Exchange
Commission.

                                                                 
CONSOLIDATED BALANCE                                              
SHEET
(Dollars In                                     Three                 Twelve
Thousands)           December 31, September 30, Months   December 31, Months
(Unaudited)
                    2013         2013          % Change 2012         % Change
ASSETS:                                                           
Cash and Due from    $124,064     $92,896       34%      $118,495     5%
Banks
Federal Funds Sold
and Other Cash       46,590       55,005        -15%     55,005       -15%
Equivalents
Total Cash and Cash  170,654      147,901       15%      173,500      -2%
Equivalents
                                                                 
Investment
Securities Available 373,456      325,724       15%      332,504      12%
For Sale
Investment
Securities Held To   35           38            -8%      50           -30%
Maturity
Total Investment     373,491      325,762       15%      332,554      12%
Securities
                                                                 
Total Loans          47,557       56,065        -15%     145,973      -67%
Held-For-Sale
                                                                 
Real Estate         39,268       31,172        26%      20,254       94%
Construction
Residential Real    124,373      144,845       -14%     136,189      -9%
Estate
Commercial Real     2,190,154    1,669,511     31%      1,587,623    38%
Estate
Commercial and      448,379      340,943       32%      248,643      80%
Industrial
Consumer            14,668       9,614         53%      13,658       7%
Total Loans
Receivable, Net of   2,816,842    2,196,085     28%      2,006,367    40%
Deferred Fees and
Costs
Allowance For Loan   (53,563)     (52,397)      2%       (63,285)     -15%
Losses
Loans Receivable,
Net of Allowance for 2,763,279    2,143,688     29%      1,943,082    42%
Loan Losses
                                                                 
Accrued Interest     8,350        6,873         21%      7,290        15%
Receivable
Due from Customers   1,517        328           363%     54           2709%
on Acceptances
Other Real Estate    7,600        748           916%     2,080        265%
Owned
Premises and         13,862       11,531        20%      11,630       19%
Equipment
Federal Home Loan
Bank (FHLB) Stock,   15,983       13,280        20%      12,090       32%
at Cost
Cash Surrender Value 22,519       22,372        1%       21,213       6%
of Life Insurance
Investment in
affordable housing   43,316       44,400        -2%      39,154       11%
partnerships
Deferred Income      38,509       19,823        94%      20,862       85%
Taxes
Servicing Assets     16,108       11,573        39%      9,610        68%
Goodwill             71,929       6,675         978%     6,675        978%
FDIC Indemnification 4,856        4,950         -2%      5,446        -11%
Asset
Other Assets         21,443       16,546        30%      19,650       9%
TOTAL ASSETS         $3,620,973   $2,832,515    28%      $2,750,863   39%
                                                                 
LIABILITIES AND
SHAREHOLDERS'                                                     
EQUITY:
LIABILITIES:                                                      
Non-interest Bearing $832,152     $655,864      27%      $586,003     42%
Demand Deposits
Savings and Interest 145,549      127,835       14%      125,595      16%
Checking
Money Market         780,280      580,833       34%      640,266      22%
Deposits
Time Deposits in
denomination of      870,074      683,290       27%      573,773      52%
$100,000 or more
Other Time Deposits  243,455      205,795       18%      241,172      1%
Total Deposits       2,871,510    2,253,617     27%      2,166,809    33%
                                                                 
FHLB Borrowings      190,325      120,000       59%      150,000      27%
Acceptance           1,517        328           363%     54           2709%
Outstanding
Junior Subordinated  71,550       61,857        16%      61,857       16%
Debentures
Accrued Interest     2,418        1,808         34%      2,037        19%
Payable
Other Liabilities   44,235       30,589        45%      27,689       60%
Total Liabilities    3,181,555    2,468,199     29%      2,408,446    32%
                                                                 
SHAREHOLDERS'                                                     
EQUITY:
Common Stock        229,836      161,368       42%      164,790      39%
Retained Earnings    209,605      201,033       4%       170,816      23%
Accumulated Other    (23)         1,915         N/A      6,811        N/A
Comprehensive Income
Total Shareholders'  439,418      364,316       21%      342,417      28%
Equity
TOTAL LIABILITIES
AND SHAREHOLDERS'    $3,620,973   $2,832,515    28%      $2,750,863   32%
EQUITY

                                                                   
CONSOLIDATED STATEMENT                                              
OF OPERATIONS
(Dollars In Thousands,
Except Per Share Data)                                              
(Unaudited)
                        Quarter Ended              Three  Quarter      Twelve
                                                    Mths   Ended        Mths
                        December 31, September 30, %      December 31, %
                         2013         2013          Change 2012         Change
                                                                   
INTEREST INCOME                                                     
Interest and Fees on     $33,954      $27,913       22%    $27,472      24%
Loans
Interest on Investment   2,113        1,879         12%    1,596        32%
Securities
Interest on Federal      120          148           -19%   155          -23%
Funds Sold
Total Interest Income    36,187       29,940        21%    29,223       24%
                                                                   
INTEREST EXPENSE                                                    
Deposits                 3,446        2,923         18%    3,176        9%
FHLB Advances and Other  413          321           29%    420          -2%
Borrowings
Total Interest Expense   3,859        3,244         19%    3,596        7%
                                                                   
Net Interest Income
Before Credit for Losses                                            
on
Loans and Loan           32,328       26,696        21%    25,627       26%
Commitments
Credit for Losses on
Loans and Loan           --           --            0%     (12,000)     -100%
Commitments
                                                                   
Net Interest Income
After Credit for Losses  32,328       26,696        21%    37,627       -14%
on
Loans and Loan                                                      
Commitments
                                                                   
NONINTEREST INCOME                                                  
Service Charges on      3,002        2,791         8%     3,051        -2%
Deposits
Gain on Sales of Loans, 3,980        2,814         41%    1,159        243%
Net
Gain on Sale/Call of    4            --            0%     --           0%
Investment Securities
Other                   2,328        2,227         5%     2,529        -8%
Total Noninterest       9,314        7,832         19%    6,739        38%
Income
                                                                   
NONINTEREST EXPENSES                                                
Salaries and Employee   12,948       8,830         47%    7,920        63%
Benefits
FDIC Indemnification    --           --            0%     3,900        -100%
Impairment
Occupancy & Equipment   2,712        2,061         32%    2,054        32%
Data Processing         920          623           48%    688          34%
Merger Related One-Time 1,785        1,011         77%    --           0%
Expenses
Other                   6,288        5,312         18%    6,179        2%
Total Noninterest        24,653       17,837        38%    20,741       19%
Expenses
                                                                   
Income Before Income    16,989       16,691        2%     23,625       -28%
Taxes
Income Taxes Provision  6,075        5,357         13%    8,415        -28%
NET INCOMEAVAILABLE TO  $10,914      $11,334       -4%    $15,210      -28%
COMMON SHAREHOLDERS
                                                                   
PER COMMON SHARE                                                    
INFORMATION:
Basic Income Per Common $0.15        $0.16         -8%    $0.21        -31%
Share
Diluted Income          $0.15        $0.16         -8%    $0.21        -31%
PerCommon Share
WEIGHTED-AVERAGE COMMON                                             
SHARES OUTSTANDING:
Basic                   74,082,711   70,742,136          71,294,573   
Diluted                 74,462,668   71,045,994          71,421,836   

                                                                   
CONSOLIDATED STATEMENT OF OPERATIONS                                
(Dollars In Thousands, Except Per                                   
Share Data) (Unaudited)
                                      Year Ended                     Twelve
                                                                      Months
                                      December 31, 2013 December 31, % Change
                                                         2012
                                                                   
INTEREST INCOME                                                     
Interest and Fees on Loans             $115,722          $109,367     6%
Interest on Investment Securities      7,460             6,166        21%
Interest on Federal Funds Sold         557               1,424        -61%
Total Interest Income                  123,739           116,957      6%
                                                                   
INTEREST EXPENSE                                                    
Deposits                               11,968            15,021       -20%
FHLB Advances and Other Borrowings     1,441             2,034        -29%
Total Interest Expense                 13,409            17,055       -21%
                                                                   
Net Interest Income Before Credit for  110,330           99,902       10%
Losses on Loans and Loan Commitments
Credit for Losses on Loans and Loan    --                (34,000)     -100%
Commitments
                                                                   
Net Interest Income After Credit for   110,330           133,902      -18%
Losses on
Loans and Loan Commitments                                          
                                                                   
NONINTEREST INCOME                                                  
Service Charges on Deposits           11,412            12,672       -10%
Gain on Sales of Loans, Net           13,415            6,393        110%
Gain on Sale/Call of Investment       19                3            533%
Securities
Other                                 9,337             9,181        2%
Total Noninterest Income               34,183            28,249       21%
                                                                   
NONINTEREST EXPENSES                                                
Salaries and Employee Benefits        40,131            34,475       16%
FDIC Indemnification Impairment       --                7,900        -100%
Occupancy & Equipment                 8,851             7,875        12%
Data Processing                       2,801             2,817        -1%
Merger Related One-Time Expenses      2,797             --           0%
Other                                 22,276            21,112       6%
Total Noninterest Expenses             76,856            74,179       4%
                                                                   
Income Before Income Taxes            67,657            87,972       -23%
Income Taxes Provision (Benefit)      22,281            (4,333)      N/A
NET INCOMEAVAILABLE TO COMMON         $45,376           $92,305      -51%
SHAREHOLDERS
                                                                   
Preferred Stock Cash Dividend         --                (830)        -100%
Accretion of Preferred Stock Discount --                (1,158)      -100%
One-time Adjustment From Repurchase   --                3,389        -100%
of Preferred Stock
Total Preferred Stock Related          --                1,401        -100%
Adjustment
                                                                   
NET INCOME AVAILABLE TO COMMON         $45,376           $93,706      -52%
SHAREHOLDERS
                                                                   
PER COMMON SHARE INFORMATION:                                       
Basic Income Per Common Share         $0.63             $1.31        -52%
Diluted Income PerCommon Share       $0.63             $1.31        -52%
WEIGHTED-AVERAGE COMMON SHARES         --                            
OUTSTANDING:
Basic                                 71,771,116        71,288,484   
Diluted                               72,037,516        71,375,150   

                                                                   
SUMMARY OF FINANCIAL                                                
DATA
(Dollars In Thousands,
Except Per Share Data)                                              
(Unaudited)
                                                                   
                       Quarter Ended                                    
AVERAGE BALANCES        December 31,        September       December   
                        2013                 30, 2013         31, 2012
Average Assets          $3,306,168          $2,798,913      $2,609,509 
Average Equity          401,153             359,411         334,380    
Average Total Loans    2,626,557           2,211,841       2,059,099  
Average Deposits        2,610,689           2,219,333       2,153,976  
Average Time Deposits   801,836             662,280         585,134    
of $100,000 or more
Average FHLB & Other    185,182             123,386         14,130     
Borrowings
Average Interest       3,093,084           2,632,406       2,460,793  
Earning Assets
                                                                   
                       Twelve Months Ended                              
AVERAGE BALANCES        December 31,                       December   
                        2013                                  31, 2012
Average Assets          $2,901,224                         $2,600,273 
Average Equity          366,357                            305,833    
Average Total Loans    2,285,623                          2,009,083  
Average Deposits        2,285,148                          2,166,303  
Average Time Deposits   658,483                            611,922    
of $100,000 or more
Average FHLB & Other    152,171                            8,806      
Borrowings
Average Interest        2,731,077                          2,477,697  
Earning Assets
                                                                   
                       Quarter Ended                                    
PROFITABILITY           December 31,        September       December   
                        2013                 30, 2013         31, 2012
Annualized Return on    1.32%               1.62%           2.33%      
Average Assets
Annualized Return on    10.88%              12.61%          18.19%     
Average Equity
Efficiency Ratio        59.20%              51.66%          64.08%     
Annualized Operating    2.98%               2.55%           3.18%      
Expense/Average Assets
Annualized Net Interest 4.20%               4.08%           4.33%      
Margin
                                                                   
                       Twelve Months Ended                              
PROFITABILITY           December 31,                       December   
                        2013                                  31, 2012
Annualized Return on    1.56%                              3.55%      
Average Assets
Annualized Return on    12.39%                             30.18%     
Average Equity
Efficiency Ratio        53.18%                             57.88%     
Annualized Operating    2.65%                              2.85%      
Expense/Average Assets
Annualized Net Interest 4.07%                              4.22%      
Margin
                                                                   
                                                                   
                        December 31, Cost of September  Cost  December   Cost
DEPOSIT COMPOSITION    2013         Funds   30 ,2013   of    31, 2012   of
                                                        Funds            Funds
Noninterest Bearing     29.00%       0.00%   29.10%     0.00% 27.00%     0.00%
Demand Deposits
Savings & Interest      5.10%        1.35%   5.70%      1.40% 5.80%      1.66%
Checking
Money Market Deposits   27.20%       0.65%   25.80%     0.63% 29.50%     0.66%
Time Deposits of        30.30%       0.69%   30.30%     0.67% 26.50%     0.72%
$100,000 or More
Other Time Deposits     8.50%        0.81%   9.10%      0.82% 11.10%     0.84%
Total Deposits         100.00%      0.53%   100.00%    0.53% 100.00%    0.59%
                                                                   
CAPITAL RATIOS          December 31,        September       December   
                        2013                 30 ,2013         31, 2012
Tier 1 Leverage Ratio   13.32%              14.83%          14.87%     
Tier 1 Risk-Based       14.65%              18.24%          18.47%     
Capital Ratio
Total Risk-Based        15.91%              19.50%          19.74%     
Capital Ratio
Total Shareholders'     $439,418            $364,316        $342,417   
Equity
Book Value Per Common   $5.63               $5.15           $4.80      
Share
Tangible Common Equity  $4.64               $5.04           $4.69      
Per Common Share *
Tangible Common Equity  10.22%              12.63%          12.20%     
to Tangible Assets **
                                                                   
* Tangible common equity excludes goodwill, other intangible assets
** 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, 2013  30, 2013  2013     2013      31, 2012
                                                                 
Balance at Beginning of Period $52,397   $54,937   $58,577  $63,285   $74,353
Credit for Losses on Loans     --        --        --       --        (10,600)
Recoveries on Loans Previously 2,717     662       774      881       2,532
Charged-off
Gross Loan Charge-offs        (1,551)   (3,202)   (4,414)  (5,589)   (3,000)
Balance at End of Period       $53,563   $52,397   $54,937  $58,577   $63,285
                                                                 
Net Loan Charge-offs/Average   -0.04%    0.12%     0.17%    0.23%     0.02%
Net Loans
Charge-offs/Average Total      0.06%     0.15%     0.21%    0.27%     0.15%
Loans
Allowance for Loan             1.90%     2.38%     2.62%    2.85%     3.15%
Losses/Gross Loans *
Allowance for Loan             1.95%     2.48%     2.75%    3.01%     3.33%
Losses/Legacy Wilshire Loans *
Allowance for Loan             144.50%   158.57%   206.10%  233.59%   226.40%
Losses/Non-accrual Loans
Allowance for Loan             144.85%   158.57%   205.13%  224.63%   226.40%
Losses/Non-performing Loans
Allowance for Loan             119.46%   155.06%   197.88%  214.60%   210.73%
Losses/Non-performing Assets
Allowance for Loan             34.01%    38.80%    37.88%   38.08%    38.58%
Losses/Classified Loans
                                                                 
                                                                 
NON-PERFORMING ASSETS                                             
(Dollars In Thousands, Net of  Quarter Ended
SBA Guaranty Portions)
(Unaudited)                    December  September June 30, March 31, December
                               31, 2013  30, 2013  2013     2013      31, 2012
                                                                 
Non-accrual Loans              $37,068   $33,043   $26,655  $25,077   $27,953
Loans 90 days or more past due 168       --        126      1,000     --
and still accruing
Total Non-performing Loans     37,236    33,043    26,781   26,077    27,953
                                                                 
Total OREO                     7,600     748       982      1,219     2,079
                                                                 
Total Non-performing Assets    $44,836   $33,791   $27,763  $27,296   $30,032
                                                                 
Total Non-performing           1.30%     1.46%     1.24%    1.19%     1.30%
Loans/Gross Loans
Total Non-performing           1.24%     1.19%     1.00%    0.99%     1.09%
Assets/Total Assets
                                                                 
                                                                 
ALLOWANCE FOR OFF-BALANCE      Quarter Ended
SHEET ITEMS
(Dollars In Thousands)         December  September June 30, March 31, December
(Unaudited)                    31, 2013  30, 2013  2013     2013      31, 2012
                                                                 
Balance at beginning of period $1,023    $1,023    $1,023   $1,023    $2,423
Credit for losses on           38        --        --       --        (1,400)
off-balance sheet items
Balance at end of period       $1,061    $1,023    $1,023   $1,023    $1,023
                                                                 
                                                                 
                              Twelve Months Ended                  
                              December  December                   
                               31, 2013  31, 2012
                                                                 
Balance at beginning of period $1,023    $3,423                     
Credit for losses on           38        (2,400)                    
off-balance sheet items
Balance at end of period       $1,061    $1,023                     

                                                                                    
WILSHIRE BANCORP, INC. AND SUBSIDIARIES
AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID
(Dollars In Thousands) (Unaudited)
                For the Quarter Ended
                December 31, 2013           September 30, 2013          December 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      $2,211,155 $27,780  5.03%   $1,858,506 $23,105  4.97%   $1,749,807 $22,753  5.20%
Loans
Commercial Loans 411,421    5,143    5.00%   350,379    3,996    4.56%   300,138    3,703    4.94%
Consumer Loans   10,647     100      3.76%   9,032      71       3.14%   13,708     89       2.60%
Total Gross      2,633,223  33,023   5.02%   2,217,917  27,172   4.90%   2,063,653  26,545   5.15%
Loans
Deferred Fees
and Costs \ Loan (6,666)    931             (6,076)    741             (4,554)    927      
Fees
Total Loans *    2,626,557  33,954   5.17%   2,211,841  27,913   5.05%   2,059,099  27,472   5.34%
                                                                                    
INVESTMENT SECURITIES AND
OTHER INTEREST-EARNING                                                                
ASSETS:
Investment       360,675    2,113    2.55%   312,313    1,879    2.64%   297,205    1,596    2.42%
Securities**
Federal Funds    105,852    120      0.45%   108,252    148      0.55%   104,489    155      0.59%
Sold
Total
Investment
Securities and   466,527    2,233    2.07%   420,565    2,027    2.10%   401,694    1,751    1.94%
Other Earning
Assets
                                                                                    
TOTAL
INTEREST-EARNING $3,093,084 $36,187  4.70%   $2,632,406 $29,940  4.58%   $2,460,793 $29,223  4.78%
ASSETS
                                                                                    
Total
Non-Interest     213,084                   166,507                   148,716            
Earning Assets
TOTAL ASSETS     $3,306,168                $2,798,913                $2,609,509         
                                                                                    
INTEREST BEARING                                                                     
LIABILITIES
                                                                                    
INTEREST-BEARING                                                                     
DEPOSITS:
Money Market     $687,948   $1,121   0.65%   $590,669   $929     0.63%   $653,020   $1,072   0.66%
NOW              29,212     15       0.21%   27,507     13       0.19%   27,317     14       0.21%
Savings          109,304    452      1.65%   101,204    437      1.73%   99,371     511      2.06%
Time Deposits of 801,836    1,384    0.69%   662,280    1,109    0.67%   585,134    1,059    0.72%
$100,000 or More
Other Time       231,821    474      0.82%   212,848    435      0.82%   248,237    520      0.84%
Deposits
Total Interest   1,860,121  3,446    0.74%   1,594,508  2,923    0.73%   1,613,079  3,176    0.79%
Bearing Deposits
                                                                                    
BORROWINGS:                                                                          
FHLB Advances
and Other        185,182    64       0.14%   123,386    37       0.12%   14,130     10       0.28%
Borrowings
Junior
Subordinated     66,275     349      2.11%   61,857     284      1.84%   74,295     410      2.21%
Debentures
Total Borrowings 251,457    413      0.66%   185,243    321      0.69%   88,425     420      1.90%
                                                                                    
TOTAL INTEREST
BEARING          $2,111,578 $3,859   0.73%   $1,779,751 $3,244   0.73%   $1,701,504 $3,596   0.85%
LIABILITIES
                                                                                    
Non-Interest    750,568                   624,825                   540,897            
Bearing Deposits
Other           42,869                    34,926                    32,728             
Liabilities
Shareholders'   401,153                   359,411                   334,380            
Equity
TOTAL
LIABILITIES AND  $3,306,168                $2,798,913                $2,609,509         
EQUITY
                                                                                    
NET INTEREST               $32,328                   $26,696                   $25,627  
INCOME
.                                                                                    
NET INTEREST                       3.97%                     3.85%                     3.94%
SPREAD
                                                                                    
NET INTEREST                       4.20%                     4.08%                     4.20%
MARGIN
                                                                                    
^* Allowance for loan losses excluded from average total loans and earning assets
^** 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 Twelve Months Ended
                      December 31, 2013           December 31, 2012
                                                                 
                      Average    Interest Average Average    Interest Average
INTEREST EARNING       Balance    Income/  Yield/  Balance    Income/  Yield/
ASSETS
                                Expense  Rate              Expense  Rate
                                                                 
LOANS:                                                            
Real Estate Loans      $1,915,929 $95,060  4.96%   $1,703,516 $91,854  5.39%
Commercial Loans       364,462    17,162   4.71%   295,252    14,329   4.85%
Consumer Loans         10,940     327      2.99%   14,653     381      2.60%
Total Gross Loans      2,291,331  112,549  4.91%   2,013,421  106,564  5.29%
Deferred Fees and      (5,708)    3,173           (4,338)    2,803    
Costs \ Loan Fees
Total Loans *          2,285,623  115,722  5.06%   2,009,083  109,367  5.44%
                                                                 
INVESTMENT SECURITIES
AND OTHER                                                         
INTEREST-EARNING
ASSETS:
Investment Securities* 330,238    7,460    2.49%   297,860    6,166    2.35%
Federal Funds Sold     115,216    557      0.48%   170,754    1,424    0.83%
Total Investment
Securities and Other   445,454    8,017    1.97%   468,614    7,590    1.80%
Earning Assets
                                                                 
TOTAL INTEREST-EARNING $2,731,077 $123,739 4.56%   $2,477,697 $116,957 4.75%
ASSETS
                                                                 
Total Non-Interest     170,147                   122,576            
Earnings Assets
TOTAL ASSETS           $2,901,224                $2,600,273         
                                                                 
INTEREST BEARING                                                  
LIABILITIES
                                                                 
INTEREST-BEARING                                                  
DEPOSITS:
Money Market           $630,050   $3,996   0.63%   $621,638   $4,768   0.77%
NOW                    27,656     55       0.20%   26,154     71       0.27%
Savings                103,102    1,801    1.75%   100,740    2,371    2.35%
Time Deposits of       658,483    4,300    0.65%   611,922    4,968    0.81%
$100,000 or More
Other Time Deposits    225,900    1,816    0.80%   295,305    2,843    0.96%
Total Interest Bearing 1,645,191  11,968   0.73%   1,655,759  15,021   0.91%
Deposits
                                                                 
BORROWINGS:                                                       
FHLB Advances and      152,171    244      0.16%   8,806      16       0.18%
Other Borrowings
Junior Subordinated    62,971     1,197    1.90%   83,883     2,018    2.41%
Debentures
Total Borrowings       215,142    1,441    0.67%   92,689     2,034    2.19%
                                                                 
TOTAL INTEREST BEARING $1,860,333 $13,409  0.72%   $1,748,448 $17,055  0.98%
LIABILITIES
                                                                 
Non-Interest Bearing  639,957                   510,544            
Deposits
Other Liabilities     34,577                    35,448             
Shareholders' Equity  366,357                   305,833            
TOTAL LIABILITIES AND  $2,901,224                $2,600,273         
EQUITY
                                                                 
NET INTEREST INCOME              $110,330                  $99,902  
                                                                 
NET INTEREST SPREAD                      3.84%                     3.78%
                                                                 
NET INTEREST MARGIN                      4.07%                     4.07%
                                                                 
^* Allowance for loan losses excluded from average total loans and earning
assets
^** 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)
                       December 31, 2013 September 30, 2013 December 31, 2012
                                                          
Total shareholders'     $439,418          $364,316           $342,417
equity
Goodwill and other     (74,104)          (7,502)            (7,712)
intangible assets, net
Tangible common equity $365,314          $356,814           $334,705
                                                          
Total assets            $3,617,084        $2,832,515         $2,750,863
Goodwill and other     (74,104)          (7,502)            (7,712)
intangible assets, net
Tangible assets         $3,542,980        $2,825,013         $2,743,151
                                                          
Common shares           78,061,307        70,770,019         71,295,144
outstanding
                                                          
                                                          
PRE-TAX, PRE-PROVISION                                     
INCOME (PTPP) *
(Dollars In Thousands)  Quarter Ended
(Unaudited)
                       December 31, 2013 September 30, 2013 December 31, 2012
                                                          
Net Income              $10,914           $11,334            $15,210
Add Back - Income Tax   6,075             5,357              8,415
Provision (Benefit)
Add Back - Credit for
Losses on Loans and     --                --                 (12,000)
Loan Commitments
Pre-tax, Pre-Provision  $16,989           $16,691            $11,625
Income (PTPP)
Merger Related Expenses 1,785             1,011              --
PTPP, Excluding Merger  $18,774           $17,702            $11,625
Related Expenses
                                                          
PTPP to Average Assets  2.06%             2.39%              1.78%
(Annualized)
                                                          
                                                          
                       Twelve Months Ended                  
                       December 31, 2013 December 31, 2012  
                                                          
Net Income              $45,376           $93,706            
Add Back - Income Tax   22,281            (4,333)            
Provision (Benefit)
Add Back - Credit for
Losses on Loans and     --                (34,000)           
Loan Commitments
Pre-tax, Pre-Provision  $67,657           $53,972            
Income (PTPP)
Merger Related Expenses 2,797             --                 
PTPP, Excluding Merger  $70,454           $59,973            
Related Expenses
                                                          
PTPP to Average Assets  2.33%             2.08%              
(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: WILSHIRE BANCORP, INC.
         Alex Ko, EVP & CFO, (213) 427-6560
         www.wilshirebank.com
 
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