Wilshire Bancorp Reports Net Income of $14.7 Million or $0.19 per Share for Second Quarter 2014

Wilshire Bancorp Reports Net Income of $14.7 Million or $0.19 per Share for
Second Quarter 2014

LOS ANGELES, July 21, 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 $14.7
million, or $0.19 per diluted common share, for the quarter ended June 30,
2014. This compares to net income available to common shareholders of $11.5
million, or $0.16 per diluted common share, for the same period of the prior
year, and net income available to common shareholders of $13.1 million, or
$0.17 per diluted common share, for the first quarter of 2014.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, "We are
pleased with our performance in the second quarter, which resulted in a strong
level of returns, with our return on average assets totaling 1.62% and our
return on average equity totaling 12.77%. With the integration of the
BankAsiana and Saehan Bancorp acquisitions complete, we have been able to
devote more resources and shift our focus to business development with our
larger banking team. As a result, we generated $282 million in loan production
in the second quarter, which is a record level for the Company and 45% higher
than our loan production in the same period last year. We also continue to see
very positive trends in deposit gathering, with solid growth in total deposits
and steady improvement in our deposit mix. We have built a great deal of
momentum since our acquisitions and we expect to see a continuation of our
positive trends in the second half of 2014."

Q2 2014 Summary

  *Net income available to common shareholders totaled $14.7 million, or
    $0.19 per diluted common share, for the second quarter of 2014
    
  *Total revenue of $46.9 million for the second quarter of 2014, an increase
    of 38% from the second quarter of 2013
    
  *Return on average assets of 1.62% and return on average equity of 12.77%
    for the second quarter of 2014
    
  *Net interest margin of 4.35% for the second quarter of 2014, an increase
    from 3.97% for the second quarter of 2013
    
  *Loans receivable (net of deferred fees and costs) totaled $2.97 billion at
    June 30, 2014, an increase of 42% from $2.09 billion at June 30, 2013
    
  *Total deposits were $2.96 billion at June 30, 2014, an increase of 35%
    from $2.18 billion at June 30, 2013
    
  *Continued low credit losses and improvement in asset quality resulted in
    no provision for losses on loans and loan commitments for the second
    quarter of 2014

STATEMENT OF OPERATIONS

Net Interest Income and Margin

Net interest income before provision for losses on loans and loan commitments
totaled $36.1 million for the second quarter of 2014, an increase of 40% from
$25.8 million for the second quarter of 2013, and an increase of 3% from $35.2
million for the first quarter of 2014. The increase from the prior quarter is
primarily attributable to a higher average loan balance and an increase in
loan yields.

Net interest margin was 4.35% for the second quarter of 2014, compared to
4.22% for the first quarter of 2014, and 3.97% for the second quarter of 2013.
Excluding the effect of the amortization/accretion of the purchase accounting
adjustments for the acquisitions for Saehan Bancorp and BankAsiana, the net
interest margin was 4.00% for the second quarter of 2014, compared with 3.85%
for the first quarter of 2014. The increase in net interest margin is
attributable to an increase in average yield on loans, excluding the effects
of purchase accounting adjustments, and a more favorable mix of
interest-earning assets.

Loan yields were 5.20% for the second quarter of 2014, compared with 5.15% for
the first quarter of 2014, and 4.97% for the second quarter of 2013. Excluding
the effect of the accretion of the purchase accounting adjustments for Saehan
Bancorp and BankAsiana, loan yields were 4.85% for the second quarter of 2014,
compared to 4.77% for the first quarter of 2014.

The total cost of deposits was 0.48% for the second quarter of 2014, compared
with 0.51% for both the first quarter of 2014 and the second quarter of 2013.

Non-Interest Income

Total non-interest income was $10.7 million for the second quarter of 2014,
compared to $8.3 million for the second quarter of 2013, and $11.0 million for
the first quarter of 2014. The decrease from the prior quarter was primarily
due to a lower level of income on servicing assets, which was partially offset
by a higher net gain on sale of Small Business Administration ("SBA") loans.

The $4.7 million in net gain on sale of loans recognized during the second
quarter of 2014 consisted substantially of gains from the sale of SBA loans.
Net gain on sale of loans for the first quarter of 2014 was $4.3 million.
During the second quarter of 2014, the Company sold $45.3 million in SBA
loans, compared with $43.5 million sold during the first quarter of 2014.

Non-Interest Expense

Total non-interest expense was $24.6 million for the second quarter of 2014,
compared with $17.1 million for the second quarter of 2013, and $26.3 million
for the first quarter of 2014. Excluding merger-related expenses, the increase
in non-interest expense from the prior quarter was attributable to an
impairment charge to the Company's FDIC indemnification asset, an increase in
losses on low income housing tax credit investments, and an increase in OREO
provisions. Merger related costs for the second quarter of 2014 totaled
$213,000, compared to $3.4 million for the first quarter of 2014.

The Company's loss share agreement with the FDIC relating to covered loans
acquired from Mirae Bank expired on June 30, 2014. The remaining FDIC
indemnification asset, less reimbursements to be received, was written off as
an impairment to the asset. The impairment charge to the Company's FDIC
indemnification asset reflects a lower level of losses than expected on
covered loans acquired from Mirae Bank.

Total salaries and employee benefits expense was $12.5 million for the second
quarter of 2014, compared with $9.5 million for the second quarter of 2013,
and $12.7 million for the first quarter of 2014.

Other non-interest expense for the second quarter of 2014 totaled $7.1
million, compared with $4.9 million in the second quarter of 2013, and $6.0
million for the first quarter of 2014. The increase from the prior quarter was
primarily attributable to a $490,000 increase in losses on low income housing
tax credit investments and a $246,000 increase in provision for OREO.

The Company's operating efficiency ratio was 52.4% for the second quarter of
2014, compared with 50.1% for the second quarter of 2013 and 56.9% for the
first quarter of 2014.

BALANCE SHEET

Total gross loans receivable (not including deferred fees and costs) were
$2.98 billion at June 30, 2014, compared to $2.88 billion at March 31, 2014.
The increase in loans during the second quarter of 2014 was primarily
attributable to growth in the commercial real estate and commercial and
industrial portfolios.

The following table shows gross loans receivable and gross loans by loan
type:

              Quarter Ended
(Dollars In    June 30,      March 31,     December      September     June 30,
Thousands)     2014         2014         31, 2013     30, 2013     2013
(Unaudited)
Construction   $44,598     $43,277     $40,367     $32,119     $36,371
Real Estate    2,485,875    2,401,203    2,332,121    1,819,052    1,715,567
Secured
Commercial &   435,693      419,313      437,524      342,057      337,057
Industrial
Consumer       13,075       16,100       14,694       9,637        11,089
Gross Loans   2,979,241    2,879,893    2,824,706    2,202,865    2,100,084
Receivable *
Held-For-Sale 6,207        27,791       47,557       56,065       60,910
Loans
Total Gross   $2,985,448  $2,907,684  $2,872,263  $2,258,930  $2,160,994
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 June 30, 2014 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.

              At June 30, 2014
(Dollars In                  Saehan      Mirae      Legacy
Thousands)     BankAsiana*  Bancorp*   Bank*     Wilshire     Total
(Unaudited)
Construction   $3,755      $--       $--      $40,843     $44,598
Real Estate    109,780      330,117    57,243    1,988,735    2,485,875
Secured
Commercial &   28,266       27,239     3,174     377,014      435,693
Industrial
Consumer       3            929        2         12,141       13,075
Gross Loans   141,804      358,285    60,419    2,418,733    2,979,241
Receivable
Held-For-Sale 384          --         --        5,823        6,207
Loans
Total Gross   $142,188    $358,285  $60,419  $2,424,556  $2,985,448
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,
Thousands)   June 30, 2014     March 31, 2014    2013              2013             June 30, 2013
(Unaudited)
Real Estate  $170,042  60%   $96,266   49%   $132,780  60%   $145,361  68%   $93,606   48%  
Secured
Commercial & 31,058     11%   36,619     18%   30,541     14%   23,710     11%   40,927     21%  
Industrial
Consumer     1,580      1%    632        0%    546        0%    540        0%    75         0%   
SBA          37,004     13%   35,305     18%   44,599     20%   36,001     17%   40,209     21%  
Residential  42,325     15%   29,063     15%   13,858     6%    8,714      4%    20,022     10%  
Mortgage
Total Loan  $282,009  100%  $197,885  100%  $222,324  100%  $214,326  100%  $194,839  100% 
Originations

Originations for the second quarter of 2014 totaled $282.0 million, compared
to $197.9 million for the first quarter of 2014, and $194.8 million for the
second quarter of 2013. The increase from the previous quarter was primarily
due to higher real estate secured and residential mortgage loan production.

Total SBA loans held-for-sale at the end of the second quarter of 2014 were
$5.1 million, compared to $26.8 million at the end of the previous quarter.
The decision to retain or sell SBA loans 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 $2.96 billion at June 30, 2014, compared with $2.92
billion at March 31, 2014.The increase in total deposits was primarily
attributable to growth in non-interest bearing demand deposits, which was
partially offset by a decline in money market deposits.

CREDIT QUALITY

The Company experienced a decline across most problem loan categories and a
low level of credit losses during the second quarter of 2014.The Company
determined that no provision for losses on loans and loan commitments was
required for the second quarter of 2014. The allowance for loan losses
totaled $52.7 million, or 1.77% of gross loans (excluding loans
held-for-sale), at June 30, 2014, compared to $53.5 million, or 1.86% of gross
loans (excluding loans held-for-sale), at March 31, 2014. Acquired loans,
included in the allowance coverage ratios, were recorded at fair value and the
remaining discount on these loans approximated $27.9 million at June 30,
2014.The coverage ratio of the allowance for loan losses to non-performing
assets was 107.41% at June 30, 2014, compared with 102.66% at March 31, 2014.

Non-Performing Loans

At June 30, 2014, total non-performing loans were $42.4 million, or 1.42% of
total gross loans, compared to $43.1 million, or 1.48% of total gross loans,
at March 31, 2014.

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

NON-PERFORMING LOANS      Quarter Ended
(Dollars In Thousands)    Jun 30,   Mar 31,   Dec 31,   Sep 30,   Jun 30,
(Unaudited)               2014       2014       2013       2013       2013
(Net of SBA Guaranty                                          
Portions)
Construction              $--      $--      $2,471   $2,471   $5,467
Real Estate Secured       35,585    35,988    33,569    29,568    20,090
Commercial & Industrial   6,769     7,121     1,196     1,004     1,224
Consumer                  4         --        --        --        --
Total Non-Performing     $42,358  $43,109  $37,236  $33,043  $26,781
Loans

Net Charge-offs/Recoveries

During the second quarter of 2014, the Company had total gross charge-offs of
$1.8 million and recoveries of $1.0 million for net charge-offs of $795,000.

Gross charge-offs and recoveries by loan type are reflected in the tables
below:

GROSS LOAN CHARGE-OFFS       Quarter Ended                                   
(Dollars In Thousands)       Jun 30,  Mar 31,  Dec 31,  Sep 30,  Jun 30,
(Unaudited)                  2014      2014      2013      2013      2013
                                                            
Real Estate Secured          $782    $672    $552    $2,438  $3,668
Commercial & Industrial      1,021    964      997      764      746
Consumer                     --       1        2        --       --
Total Loan Charge-Offs       $1,803  $1,637  $1,551  $3,202  $4,414

                                      

LOAN RECOVERIES              Quarter Ended                                   
(Dollars In Thousands)       Jun 30,  Mar 31,  Dec 31,  Sep 30,  Jun 30,
(Unaudited)                  2014      2014      2013      2013      2013
                                                            
Real Estate Secured          $586    $1,028  $2,038  $148    $340
Commercial & Industrial      408      510      679      510      433
Consumer                     14       --       --       4        1
Total Loan Recoveries        $1,008  $1,538  $2,717  $662    $774

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

DELINQUENTLOANS --By Days    Quarter Ended
Past Due
(Dollars In Thousands)         Jun 30,  Mar 31,  Dec 31,  Sep 30,  Jun 30,
(Unaudited)                    2014      2014      2013      2013      2013
(Net of SBA Guaranty Portions)                                 
30 - 59 Days Past Due          $4,556  $5,756  $2,846  $2,336  $4,993
60 - 89Days Past Due          2,992    1,526    2,527    2,827    3,637
90 Days, and still accruing    --       --       167      --       126
Total Delinquent Loans         $7,548  $7,282  $5,540  $5,163  $8,756

                                      

TROUBLED DEBT           Quarter Ended
RESTRUCTURED LOANS
(Dollars In Thousands)  Jun 30,   Mar 31,   Dec 31,   Sep 30,   Jun 30,  
(Unaudited)             2014       2014       2013       2013       2013
(Net of SBA Guaranty                                                
Portions)
Real Estate Secured     $33,349  $34,565  $30,008  $23,133  $23,671 
Commercial & Industrial 5,542     5,563     6,212     6,339     6,730    
Total TDR Loans         $38,891  $40,128  $36,220  $29,472  $30,401 

                                      

LOAN CLASSIFICATIONS Quarter Ended
(Dollars In          Jun 30,     Mar 31,     Dec 31,     Sep 30,     Jun 30,
Thousands)           2014       2014       2013       2013       2013
(Unaudited)
(Net of SBA Guaranty                                         
Portions)
Special Mention      $88,382   $101,627  $100,798  $43,519   $49,571
Substandard          110,462    127,996    149,479    127,855    138,319
Doubtful             18,040     19,931     8,015      7,174      6,722
Total Criticized and $216,884  $249,554  $258,292  $178,548  $194,612
Classified Loans
                                                            
Classified Loans     $128,502  $147,927  $157,494  $135,029  $145,041

CAPITAL RATIOS

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

(Dollars In Thousands, Except June 30,   Well Capitalized   Total Excess Above
Per Share Info)               2014     Regulatory        Well Capitalized
                                         Requirements       Requirements
                                                       
Tier 1 Leverage Capital Ratio 12.89%    5.00%             $279,225
Tier 1 Risk-Based Capital     15.05%    6.00%             $274,263
Ratio
Total Risk-Based Capital      16.31%    10.00%            $191,121
Ratio
Tangible Common Equity To     10.88%    N/A               N/A
Tangible Assets *
Tangible Common Equity Per    $5.02    N/A               N/A
Common Share *
                                                       

* "Tangible Common Equity" and "Tangible Assets" are Non-GAAP measures 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 July 22, 2014, at 11:00
a.m. PT (2:00 p.m. ET). Investment professionals are invited to participate in
the call by dialing 877-415-3185 (domestic) or 857-244-7328 (international)
and providing passcode number 69604633.

ABOUT WILSHIRE BANCORP

Headquartered in Los Angeles, Wilshire Bancorp is the parent company of
Wilshire Bank, which operates 35branch offices in California, Texas, New
Jersey and New York, and 7 loan production offices in Dallas, TX, Atlanta, GA,
Aurora, CO, Annandale, VA, Palisades Park, NJ, Newark, CA, and New York, NY,
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)       June 30,      March 31,     Months  June 30,      Months
(Unaudited)
                2014          2014          %       2013          %
                                                Change                  Change
ASSETS:                                                        
Cash and due     $ 155,799    $ 160,999    -3%     $162,553    -4%
from banks
Federal funds
sold and other   927           7,301         -87%    55,005        -98%
cash
equivalents
Total Cash and
Cash             156,726       168,300       -7%     217,558       -28%
Equivalents
                                                              
Deposits held
in other         20,509        21,006        -2%     --            0%
financial
institutions
                                                              
Investment
securities       327,239       342,438       -4%     303,836       8%
available for
sale
Investment
securities held  30            32            -6%     42            -29%
to maturity
Total
Investment       327,269       342,470       -4%     303,878       8%
Securities
                                                              
Total Loans      6,207         27,791        -78%    60,910        -90%
Held-For-Sale
                                                              
Real estate     43,292        42,124        3%      35,513        22%
construction
Residential     167,055       169,810       -2%     153,393       9%
real estate
Commercial      2,314,746     2,225,677     4%      1,557,922     49%
real estate
Commercial and  431,758       417,956       3%      336,048       28%
industrial
Consumer        13,044        16,072        -19%    11,068        18%
Total loans
receivable, net  2,969,895     2,871,639     3%      2,093,944     42%
of deferred
fees and costs
Allowance for    (52,669)      (53,464)      -1%     (54,937)      -4%
loan losses
Loans
Receivable, Net  2,917,226     2,818,175     4%      2,039,007     43%
of Allowance
for Loan Losses
                                                              
Accrued
interest         8,032         8,293         -3%     7,135         13%
receivable
Due from
customers on     3,090         889           248%    293           955%
acceptances
Other real       6,676         8,969         -26%    982           580%
estate owned
Premises and     12,925        13,313        -3%     11,699        10%
equipment
Federal home
loan bank        16,989        15,983        6%      13,280        28%
(FHLB) stock,
at cost
Cash surrender
value of life    22,803        22,661        1%      22,225        3%
insurance
Investment in
affordable       41,112        42,459        -3%     45,511        -10%
housing
partnerships
Deferred income  32,459        34,391        -6%     17,734        83%
taxes
Servicing        18,168        17,536        4%      11,040        65%
assets
Goodwill         67,528        67,528        0%      6,675         912%
FDIC
indemnification  267           2,169         -88%    5,311         -95%
asset
Other assets     23,275        22,533       3%      24,163       -4%
TOTAL ASSETS     $            $3,634,466  1%      $2,787,401  32%
                  3,681,261
                                                              
LIABILITIES AND
SHAREHOLDERS'                                                  
EQUITY:
LIABILITIES:                                                   
Non-interest
bearing demand   $945,010     $869,598     9%      $624,770     51%
deposits
Savings and
interest         160,155       156,587       2%      130,352       23%
checking
Money market     758,833       799,299       -5%     625,204       21%
deposits
Time deposits
in denomination  856,681       860,697       0%      584,140       47%
of $100,000 or
more
Other time       235,335       237,028       -1%     217,832       8%
deposits
Total Deposits   2,956,014     2,923,209     1%      2,182,298     35%
                                                              
FHLB borrowings  150,260       150,292       0%      150,000       0%
Acceptance       3,090         889           248%    293           955%
outstanding
Junior
subordinated     71,665        71,610        0%      61,857        16%
debentures
Accrued
interest         2,349         2,462         -5%     2,072         13%
payable
Other            33,114        34,429        -4%     35,547        -7%
liabilities
Total            3,216,492     3,182,891     1%      2,432,067     32%
Liabilities
                                                              
SHAREHOLDERS'                                                  
EQUITY:
Common stock     231,368       230,979       0%      160,932       44%
Retained         229,556       218,806       5%      191,823       20%
earnings
Accumulated
other            3,845         1,790         115%    2,579         49%
comprehensive
income
Total
Shareholders'    464,769       451,575       3%      355,334       31%
Equity
TOTAL
LIABILITIES AND  $3,681,261  $3,634,466  1%      $2,787,401  32%
SHAREHOLDERS'
EQUITY

                                      

CONSOLIDATED
STATEMENT OF                                                         
OPERATIONS
(Dollars In
Thousands, Except                                                    
Per Share Data)
(Unaudited)
                   Quarter Ended             Three  Quarter    Twelve
                                                Mths    Ended        Mths
                   June 30,    March 31,   %       June 30,    % Change
                     2014         2014         Change   2013
                                                           
INTEREST INCOME                                             
Interest and fees   $37,993    $37,101    2%      $26,970    41%
on loans
Interest on
investment          2,023       2,101       -4%     1,743       16%
securities
Interest on
federal funds sold  92          151         -39%    136         -32%
and others
Total Interest      40,108      39,353      2%      28,849      39%
Income
                                                           
INTEREST EXPENSE                                            
Deposits            3,486       3,676       -5%     2,750       27%
FHLB advances and   493         504         -2%     345         43%
other borrowings
Total Interest      3,979       4,180       -5%     3,095       29%
Expense
                                                           
Net interest
income before
provision for       36,129      35,173      3%      25,754      40%
losses on loans
and loan
commitments
Provision for
losses on loans     --          --          0%      --          0%
and loan
commitments
                                                           
Net interest
income after
provision for       36,129      35,173      3%      25,754      40%
losses on loans
and loan
commitments
                                                           
NONINTEREST INCOME                                          
Service charges    3,174       3,146       1%      2,811       13%
on deposits
Gain on sales of   4,687       4,329       8%      3,135       50%
loans, net
Gain on sale/call
of investment       --          --          0%      15          -100%
securities
Other              2,883       3,511       -18%    2,371       22%
Total Noninterest  10,744      10,986      -2%     8,332       29%
Income
                                                           
NONINTEREST                                                 
EXPENSES
Salaries and       12,449      12,655      -2%     9,548       30%
employee benefits
FDIC
indemnification     597         --          0%      --          0%
impairment
Occupancy and      3,444       3,309       4%      2,038       69%
equipment
Data processing    795         963         -17%    583         36%
Merger related     213         3,364       -94%    --          0%
costs
Other              7,052       5,966       18%     4,913       44%
Total Noninterest   24,550      26,257      -7%     17,082      44%
Expenses
                                                           
Income before      22,323      19,902      12%     17,004      31%
income taxes
Income taxes       7,659       6,789       13%     5,465       40%
provision
NET INCOME          $14,664    $13,113    12%     $11,539    27%
                                                           
PER COMMON SHARE                                            
INFORMATION:
Basic income per   $0.19      $0.17      12%     $0.16      15%
common share
Diluted income     $0.19      $0.17      12%     $0.16      15%
per common share
                                                           
WEIGHTED-AVERAGE
COMMON SHARES                                               
OUTSTANDING:
Basic              78,267,128  78,115,779         70,944,626  
Diluted            78,613,468  78,496,106         71,101,787  

                                      

CONSOLIDATED STATEMENT OF OPERATIONS                               
(Dollars In Thousands, Except Per                                 
Share Data) (Unaudited)
                                   Six Months Ended                 Twelve
                                                                      Months
                                  June 30, 2014  June 30, 2013  % Change 
                                                                      
INTEREST INCOME                                                        
Interest and fees on loans         $75,094       $53,855       39%      
Interest on investment securities  4,124          3,468          19%      
Interest on federal funds sold     243            289            -16%     
Total Interest Income              79,461         57,612         38%      
                                                                      
INTEREST EXPENSE                                                       
Deposits                           7,162          5,599          28%      
FHLB advances and other            997            707            41%      
borrowings
Total Interest Expense             8,159          6,306          29%      
                                                                      
Net interest income before
provision for losses on loans and  71,302         51,306         39%      
loan commitments
Provision for losses on loans and  --             --             0%       
loan commitments
                                                                      
Net interest income after
provision for losses on loans and  71,302         51,306         39%      
loan commitments
                                                                      
NONINTEREST INCOME                                                     
Service charges on deposits        6,320          5,619          12%      
Gain on sales ofloans, net        9,016          6,621          36%      
Gain on sale/call of investment    --             15             -100%    
securities
Other                              6,394          4,782          34%      
Total Noninterest Income           21,730         17,037         28%      
                                                                      
NONINTEREST EXPENSES                                                   
Salaries and employee benefits     25,104         18,353         37%      
FDIC indemnification impairment    597            --             0%       
Occupancy and equipment            6,753          4,078          66%      
Data processing                    1,758          1,258          40%      
Merger related costs               3,577          --             0%       
Other                              13,018         10,677         22%      
Total Noninterest Expenses         50,807         34,366         48%      
                                                                      
Income before income taxes         42,225         33,977         24%      
Income taxes provision             14,448         10,849         33%      
NET INCOME                         $27,777       $23,128       20%      
                                                                      
PER COMMON SHARE INFORMATION:                                          
Basic income per common share      $0.36         $0.33         9%       
Diluted income percommon share    $0.35         $0.32         9%       
                                                                      
WEIGHTED-AVERAGE COMMON SHARES                                         
OUTSTANDING:
Basic                              78,191,872     71,119,180             
Diluted                            78,554,947     71,262,224             

                                                             
SUMMARY OF                                                    
FINANCIAL DATA
(Dollars In
Thousands, Except                                             
Per Share Data)
(Unaudited)
                                                             
                   Quarter Ended                                      
AVERAGE BALANCES    June 30,         March 31,        June 30,   
                     2014                2014                2013
Average Assets      $                $                $          
                     3,614,014           3,631,268           2,770,996
Average Equity      459,423          447,188          356,287    
Average Net Loans  2,923,225        2,881,650        2,172,473  
Average Deposits    2,896,815        2,878,950        2,170,628  
Average Time
Deposits of         865,110          874,039          586,136    
$100,000 or more
Average FHLB &      150,280          193,413          150,000    
Other Borrowings
Average Interest   3,337,010        3,346,954        2,613,813  
Earning Assets
                                                             
                   Six Months Ended                                   
AVERAGE BALANCES    June 30,                         June 30,   
                     2014                                    2013
Average Assets      $                                $          
                     3,619,793                               2,747,399
Average Equity      453,495                          352,202    
Average Net Loans  2,901,713                        2,149,832  
Average Deposits    2,885,642                        2,153,134  
Average Time
Deposits of         868,318                          583,688    
$100,000 or more
Average FHLB &      171,727                          150,022    
Other Borrowings
Average Interest    3,341,003                        2,597,226  
Earning Assets
                                                             
                   Quarter Ended                                      
PROFITABILITY       June 30,         March 31,        June 30,   
                     2014                2014                2013
Annualized Return   1.62%            1.44%            1.67%      
on Average Assets
Annualized Return   12.77%           11.73%           12.95%     
on Average Equity
Efficiency Ratio    52.38%           56.88%           50.11%     
Annualized
Operating           2.72%            2.89%            2.47%      
Expense/Average
Assets
Annualized Net      4.35%            4.22%            3.97%      
Interest Margin
                                                             
                   Six Months Ended                                   
PROFITABILITY       June 30,                         June 30,   
                     2014                                    2013
Annualized Return   1.53%                            1.68%      
on Average Assets
Annualized Return   12.25%                           13.13%     
on Average Equity
Efficiency Ratio    54.61%                           50.28%     
Annualized
Operating           2.81%                            2.50%      
Expense/Average
Assets
Annualized Net      4.29%                            3.98%      
Interest Margin
                                                             
                                                             
DEPOSIT              June 30,    Cost    March 31,   Cost    June 30,    Cost
COMPOSITION        2014       of     2014       of     2013       of
                                 Funds               Funds               Funds
Noninterest
Bearing Demand      32.00%     0.00%  29.70%     0.00%  28.60%     0.00%
Deposits
Savings & Interest  5.40%      1.19%  5.40%      1.28%  6.00%      1.43%
Checking
Money Market        25.70%     0.66%  27.30%     0.66%  28.60%     0.63%
Deposits
Time Deposits of    29.00%     0.60%  29.40%     0.68%  26.80%     0.60%
$100,000 or More
Other Time          8.00%      0.77%  8.10%      0.67%  10.00%     0.78%
Deposits
Total Deposits     100.00%    0.48%  100.00%    0.51%  100.00%    0.51%
                                                             
CAPITAL RATIOS      June 30,         March 31,        June 30,   
                     2014                2014                2013
Tier 1 Leverage     12.89%           12.50%           14.67%     
Ratio
Tier 1 Risk-Based   15.05%           14.92%           18.73%     
Capital Ratio
Total Risk-Based    16.31%           16.17%           20.00%     
Capital Ratio
Total
Shareholders'       $ 464,769        $ 451,575        $ 355,334  
Equity
Book Value Per      $5.94            $5.77            $5.03      
Common Share
Tangible Common
Equity Per Common   $5.02            $4.84            $4.92      
Share *
Tangible Common
Equity to Tangible  10.88%           10.64%           12.51%     
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
                      June 30,  March     December  September  June 30, 
                        2014       31, 2014   31, 2013   30, 2013    2013
                                                                   
Balance at Beginning   $53,464  $53,563  $52,397  $54,937   $58,577 
of Period
Provision for Losses   --        --        --        --         --       
on Loans
Recoveries on Loans
Previously             1,008     1,538     2,717     662        774      
Charged-off
Gross Loan             (1,803)   (1,637)   (1,551)   (3,202)    (4,414)  
Charge-offs
Balance at End of      $52,669  $53,464  $53,563  $52,397   $54,937 
Period
                                                                   
Net Loan
Charge-offs/Average    0.03%     0.00%     -0.04%    0.12%      0.17%    
Net Loans
Charge-offs/Average    0.06%     0.06%     0.06%     0.15%      0.21%    
Total Loans
Allowance for Loan     1.77%     1.86%     1.90%     2.38%      2.62%    
Losses/Gross Loans*
Allowance for Loan
Losses/Non-accrual     124.34%   124.02%   144.50%   158.57%    206.10%  
Loans
Allowance for Loan
Losses/Non-performing  124.34%   124.02%   143.85%   158.57%    205.13%  
Loans
Allowance for Loan
Losses/Non-performing  107.41%   102.66%   119.46%   155.06%    197.88%  
Assets
Allowance for Loan
Losses/Classified      34.01%    34.01%    34.01%    38.80%     37.88%   
Loans
                                                                   
* Excluding                                                         
held-for-sale loans
                                                                   
NON-PERFORMING ASSETS                                                         
(Dollars In
Thousands, Net of SBA  Quarter Ended                                         
Guaranty)
(Unaudited)            June 30,  March     December  September  June 30, 
                        2014       31, 2014   31, 2013   30, 2013    2013
                                                                   
Non-accrual Loans      $42,358  $43,109  $37,068  $33,043   $26,655 
Loans 90 days or more
past due and still     --        --        168       --         126      
accruing
Total Non-performing   42,358    43,109    37,236    33,043     26,781   
Loans
                                                                   
Total OREO             6,676     8,969     7,600     748        982      
                                                                   
Total Non-performing   $49,034  $52,078  $44,836  $33,791   $27,763 
Assets
                                                                   
Total Non-performing   1.42%     1.48%     1.30%     1.46%      1.24%    
Loans/Gross Loans
Total Non-performing   1.33%     1.43%     1.24%     1.19%      1.00%    
Assets/Total Assets
                                                                   

ALLOWANCE FOR OFF-BALANCE                                   
SHEET ITEMS
(Dollars In Thousands)         Quarter Ended
(Unaudited)
                              June 30, 2014  March 31, 2014  June 30, 2013
                                                           
Balance at beginning of        $ 1,061        $ 1,061         $ 1,023
period
Credit for losses on           --             --              --
off-balance sheet items
Balance at end of period       $ 1,061        $ 1,061         $ 1,023
                                                           
                                                           
                              Six Months Ended                
                              June 30, 2014  June 30, 2013   
                                                           
Balance at beginning of        $ 1,061        $ 1,023         
period
Credit for losses on           --             --              
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
                June 30, 2014                   March 31, 2014                   June 30, 2013
                Average     Interest  Average  Average     Interest  Average   Average     Interest  Average
                Balance     Income/   Yield/   Balance     Income/   Yield/    Balance     Income/   Yield/
INTEREST                   Expense   Rate                Expense   Rate                 Expense   Rate
EARNING ASSETS
                                                                                             
LOANS:                                                                                        
Real Estate      $2,497,372 $31,753  5.09%    $2,447,610 $31,008  5.07%     $1,815,010 $22,074  4.87%
Loans
Commercial Loans 421,163     5,120     4.86%    430,076     4,919     4.58%     351,460     4,061     4.62%
Consumer Loans   13,426      133       3.96%    11,873      118       3.98%     11,299      75        2.66%
Total Gross      2,931,961   37,006    5.05%    2,889,559   36,045    4.99%     2,177,769   26,210    4.81%
Loans
Deferred Fees
and Costs \ Loan (8,736)     987               (7,909)     1,056              (5,296)     760       
Fees
Total Loans *    2,923,225   37,993    5.20%    2,881,650   37,101    5.15%     2,172,473   26,970    4.97%
                                                                                             
INVESTMENT                                                                                    
SECURITIES AND
OTHER
INTEREST-EARNING                                                                              
ASSETS:
Investment       338,060     2,023     2.60%    349,701     2,101     2.60%     323,502     1,743     2.39%
Securities**
Deposits Held In
Other            20,539      70        1.36%    21,019      69        1.31%     --          --        0.00%
Institutions
Federal Funds    55,186      22        0.16%    94,584      82        0.35%     117,838     136       0.46%
Sold & Others
Total Investment                                                                              
Securities and
Other Earning   413,785     2,115     2.21%    465,304     2,252     2.09%     441,340     1,879     1.87%
Assets
                                                                                             
TOTAL
INTEREST-EARNING $3,337,010 $40,108  4.83%    $3,346,954 $39,353  4.72%     $2,613,813 $28,849  4.44%
ASSETS
                                                                                             
Total
Non-Interest     277,004                      284,314                       157,183              
Earning Assets
TOTAL ASSETS     $3,614,014                  $3,631,268                   $2,770,996          
                                                                                             
INTEREST BEARING                                                                              
LIABILITIES
                                                                                             
INTEREST-BEARING                                                                              
DEPOSITS:
Money Market     $770,512   $1,276   0.66%    $784,219   $1,301   0.66%     $617,837   $971     0.63%
NOW              34,812      16        0.18%    32,019      15        0.19%     27,915      14        0.20%
Savings          120,274     445       1.48%    120,908     476       1.58%     101,263     447       1.77%
Time Deposits of 865,110     1,296     0.60%    874,039     1,485     0.68%     586,136     884       0.60%
$100,000 or More
Other Time       235,907     453       0.77%    236,826     399       0.67%     223,256     434       0.78%
Deposits
Total Interest   2,026,615   3,486     0.69%    2,048,011   3,676     0.72%     1,556,407   2,750     0.71%
Bearing Deposits
                                                                                             
BORROWINGS:                                                                                   
FHLB Advances
and Other        150,280     67        0.18%    193,413     74        0.15%     150,000     64        0.17%
Borrowings
Junior
Subordinated     71,631      426       2.38%    71,573      430       2.40%     61,857      281       1.82%
Debentures
Total Borrowings 221,911     493       0.89%    264,986     504       0.76%     211,857     345       0.65%
                                                                                             
TOTAL INTEREST
BEARING          $2,248,526 $3,979   0.71%    $2,312,997 $4,180   0.72%     $1,768,264 $3,095   0.70%
LIABILITIES
                                                                                             
Non-Interest    870,200                      830,939                       614,221              
Bearing Deposits
Other           35,865                       40,144                        32,224               
Liabilities
Shareholders'   459,423                      447,188                       356,287              
Equity
TOTAL
LIABILITIES AND  $3,614,014                  $3,631,268                   $2,770,996          
EQUITY
                                                                                             
NET INTEREST                $36,129                     $35,173                      $25,754  
INCOME
.                                                                                             
NET INTEREST                         4.12%                        4.00%                         3.74%
SPREAD
                                                                                             
NET INTEREST                         4.35%                        4.22%                         3.97%
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 Six Months Ended
                June 30, 2014                   June 30, 2013
                Average     Interest  Average  Average     Interest  Average
                Balance     Income/   Yield/   Balance     Income/   Yield/
INTEREST                   Expense  Rate               Expense  Rate
EARNING ASSETS
                                                                
LOANS:                                                           
Real Estate      $2,472,184 $62,762  5.08%    $1,795,056 $44,176  4.92%
Loans
Commercial Loans 425,284     10,039    4.72%    347,752     8,024     4.62%
Consumer Loans   12,567      250       3.98%    12,059      155       2.57%
Total Gross      2,910,035   73,051    5.02%    2,154,867   52,355    4.86%
Loans
Deferred Fees
and Costs \ Loan (8,322)     2,043             (5,035)     1,500     
Fees
Total Loans *    2,901,713   75,094    5.18%    2,149,832   53,855    5.01%
                                                                
INVESTMENT                                                       
SECURITIES AND
OTHER
INTEREST-EARNING                                                 
ASSETS:
Investment       343,764     4,124     2.60%    323,879     3,468     2.38%
Securities**
Deposits Held In
Other            20,776      139       1.34%    --          --        0.00%
Institutions
Federal Funds    74,750      104       0.28%    123,515     289       0.47%
Sold & Others
Total Investment                                                 
Securities and
Other Earning   439,290     4,367     2.15%    447,394     3,757     1.85%
Assets
                                                                
TOTAL
INTEREST-EARNING $3,341,003 $79,461  4.78%    $2,597,226 $57,612  4.47%
ASSETS
                                                                
Total
Non-Interest     278,790                      150,173              
Earning Assets
TOTAL ASSETS     $3,619,793                  $2,747,399          
                                                                
INTEREST BEARING                                                 
LIABILITIES
                                                                
INTEREST-BEARING                                                 
DEPOSITS:
Money Market     $778,796   $2,577   0.66%    $620,639   $1,947   0.63%
NOW              33,454      31        0.19%    26,941      26        0.19%
Savings          117,543     921       1.57%    100,914     912       1.81%
Time Deposits of 868,318     2,781     0.64%    583,688     1,808     0.62%
$100,000 or More
Other Time       238,445     852       0.72%    229,524     906       0.79%
Deposits
Total Interest   2,036,556   7,162     0.70%    1,561,706   5,599     0.72%
Bearing Deposits
                                                                
BORROWINGS:                                                      
FHLB Advances
and Other        171,727     141       0.16%    150,022     143       0.19%
Borrowings
Junior
Subordinated     71,602      856       2.39%    61,857      564       1.82%
Debentures
Total Borrowings 243,329     997       0.82%    211,879     707       0.67%
                                                                
TOTAL INTEREST
BEARING          $2,279,885 $8,159   0.72%    $1,773,585 $6,306   0.71%
LIABILITIES
                                                                
Non-Interest    849,086                      591,428              
Bearing Deposits
Other           37,327                       30,184               
Liabilities
Shareholders'   453,495                      352,202              
Equity
TOTAL
LIABILITIES AND  $3,619,793                  $2,747,399          
EQUITY
                                                                
NET INTEREST                $71,302                     $51,306  
INCOME
.                                                                
NET INTEREST                         4.06%                        3.76%
SPREAD
                                                                
NET INTEREST                         4.29%                        3.98%
MARGIN
^* 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) (Unaudited)
                   Quarter Ended                                           
                   June 30, 2014      March 31, 2014      June 30, 2013  
                                                                      
Total shareholders' $464,769          $451,575           $355,334      
equity
Goodwill and other
intangible assets,  (72,206)           (72,480)            (7,572)        
net
Tangible common     $392,563          $379,095           $347,762      
equity
                                                                      
Total assets        $3,681,261        $3,634,466         $2,787,401    
Goodwill and other
intangible assets,  (72,206)           (72,480)            (7,572)        
net
Tangible assets     $3,609,055        $3,561,986         $2,779,829    
                                                                      
Common shares       78,276,758         78,247,026          70,697,944     
outstanding

* Tangible Common Equity and Tangible Assets 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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