East West Bancorp Reports Second Quarter 2009 Results; Nonaccrual Loans Down 35% to 1.90% of Total Loans; Total Delinquent Loans Down 39%; Net Interest Margin Increased 24 Basis Points

East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, today reported financial results for the second quarter of 2009 with a net loss of $92.1 million. The net loss was primarily driven by a $151.4 million provision for loan losses and $37.4 million other than temporary impairment on investment securities.

"Despite the strong economic headwinds we continue to face in this prolonged recessionary climate, East West made substantial progress in the second quarter 2009. Most significantly, we successfully completed a comprehensive stress test on our loan and investment portfolios, reduced nonaccrual loans by 35% to 1.90% of total loans and reduced total delinquent loans by 39% during the quarter. Our continued aggressive stance in dealing with problem loans resulted in $133.9 million in net chargeoffs for the quarter, and we took a $37.4 million write-down on our trust preferred securities. However, even with the ongoing economic challenges, we ended the quarter with record assets, record deposits, and strong levels of both capital and allowance for loan losses,” stated Dominic Ng, Chairman, President and Chief Executive Officer of East West.

"With our recent actions that have increased tangible common equity by $148.4 million, we believe that we have more than enough capital to withstand this prolonged downturn in the economy and will continue to work aggressively to reduce problem assets. While we are working through the current credit challenges, we are also looking ahead to future opportunities for growth and expansion,” concluded Ng.

Second Quarter 2009 Highlights

• Nonaccrual Loans Down 35% – Total nonaccrual loans decreased by 35% or $85.8 million to $162.2 million as of June 30, 2009. Nonaccrual loans were 1.90% of total loans as of quarter-end.
• Total Delinquent Loans Down 39% – Total loans delinquent 30 or more days decreased by 39% or $188.0 million as of June 30, 2009. Loan delinquencies fell across all categories – 30 to 59 day delinquent loans decreased 69% or $130.9 million, 60 to 89 day delinquent loans decreased 22% or $25.8 million, and 90+ days delinquent loans decreased 18% or $31.3 million, quarter over quarter.
• Increase in Net Interest Margin – Net interest income for the second quarter increased to $88.3 million, an 11% or $8.6 million increase over first quarter of 2009. The net interest margin for the quarter increased to 2.98%, up 24 basis points from the first quarter of 2009.
• Allowance for Loan Losses Strengthened – Total allowance for loan losses increased to $223.7 million, representing 2.62% of outstanding loans compared to 2.42% of outstanding loans in the previous quarter. We continued to increase the allowance for loan losses, recording provision for loan losses of $151.4 million and total net charge-offs of $133.9 million for the quarter. The allowance for loan losses to nonaccrual loans ratio was 138% as of June 30, 2009 compared 79% as of March 31, 2009.
• Strong Deposit Growth – Total deposits grew to a record $8.7 billion as of June 30, 2009, up $204.8 million quarter over quarter. The strong increase in deposits was the result of a $203.4 million increase in core deposits quarter over quarter. Year over year, we have grown deposits by more than $1.1 billion through the introduction of new retail and commercial deposit products, while lowering the cost of deposits. The cost of deposits declined 34 basis points in the second quarter to 1.47%.
• Strong Core Operating Earnings Growth – Core operating earnings, excluding the impact of provision for loan losses and nonrecurring FDIC assessments and investment security and REO expense, totaled $56.0 million for the second quarter, a 14% increase from first quarter. Core operating earnings are a non-GAAP financial measure. See reconciliation of the GAAP financial measure to this non-GAAP financial measure in the tables attached.
• Capital Strengthened – On July 1, 2009, East West announced that it had entered into binding agreements with three shareholders of the Company’s Non-Cumulative Perpetual Convertible Preferred Stock, Series A (the "Series A Preferred Stock”) to exchange 8,127,990 shares of the Company’s common stock for 90,311 shares of the Series A Preferred Stock, or a total increase to tangible common equity of $90.3 million. Additionally, on July 14, 2009, in private placement transactions, two customers of East West purchased a total of 5,000,000 newly issued shares of the Company’s common stock at a price of $5.50 per share, for an additional increase to equity of $27.5 million.

Reduction of Problem Assets

Throughout the course of 2008 and the first half of 2009, we have actively reduced exposure to land and construction loans. Since December 31, 2007, we reduced total exposure to land and construction loans by nearly 50%. The overall credit risk on the $479.8 million in land loans and $945.1 million in construction loans has been reduced substantially. The quality of many of these loans has improved as borrowers brought additional capital and collateral to the projects. In other situations which were not as flexible, we sold a significant number of loans to new borrowers with stronger credit profiles. Construction projects are well along to completion, further reducing inherent risk of unfinished projects. During the second quarter, we sold $55.8 million in OREO and $166.3 million in loans - a total of $222.1 million. Year to date, we sold $79.8 million in OREO and $183.5 million in loans – a total of $263.3 million.

Total nonperforming assets as of June 30, 2009 were $278.9 million or 2.19% of total assets, compared to $303.8 million or 2.42% of total assets at March 31, 2009 and $263.9 million or 2.12% of total assets at December 31, 2008. The decrease in nonperforming assets was largely due to a decrease in nonaccrual loans of $85.8 million, partially offset by an increase in A/B notes of $77.2 million described in more detail in the paragraph below. Nonaccrual loans decreased during the quarter due to the sale of problem loans, fewer migrations into nonaccrual loans and the payoff and resolution of problem loans. Nonperforming assets as of June 30, 2009 included nonaccrual loans totaling $162.2 million, other real estate owned totaling $27.2 million and loans modified or restructured totaling $89.5 million.

Nonperforming Assets Trend
(in millions)	Quarter Ended
	December 31, 2008				March 31, 2009				June 30, 2009
Nonaccrual loans	$	214.6			$	248.0			$	162.2
Modified or restructured loans		11.0				17.2				12.3
A/B notes		-				-				77.2
Total modified or restructured loans		11.0				17.2				89.5
REO		38.3				38.6				27.2
Total nonperforming assets	$	263.9			$	303.8			$	278.9
Nonperforming assets to total assets		2.12	%			2.42	%			2.19	%
Nonaccrual loans to total loans		2.60	%			3.08	%			1.90	%
Allowance for loan losses to nonaccrual loans		83	%			79	%			138	%

Modified or Restructured Loans - A/B Notes

As of June 30, 2009, total modified or restructured loans were $89.5 million. This included $77.2 million of performing, accrual loans at market interest rates that were structured as A/B notes. In these A/B notes, the original loan was restructured into two notes where the A note represents the portion of the original loan which allows for an acceptable loan-to-value and debt coverage on the collateral and is expected to be collected in full. The B note represents the portion of the original loan which was the shortfall in value and was fully charged off. The A/B notes balance of $77.2 million as of June 30, 2009 is comprised of the A note balances only. The A notes are performing loans at market interest rates with adequate collateral and cash flow, but are required to be disclosed as troubled debt restructurings in the year in which they are restructured. We anticipate that these loans will no longer be considered troubled debt restructurings or nonperforming assets under generally accepted accounting principles in the year 2010.

We have primarily utilized the A/B note restructures in two situations. First, $41.6 million or 54% of the restructures were for loans that were originally residential construction projects where the borrowers have made the decision to wait to sell the properties and rent them out until the market recovers. In these situations, we ordered new appraisals, valued the projects as rental properties and charged off any shortfalls in value as the B note. The resulting A notes are all current and have actual debt coverage and loan-to-value ratios that meet our underwriting guidelines. Second, $20.9 million or 27% of the restructures were to help preserve homeownership and keep responsible homeowners in their homes after steep declines in values have put them underwater.

These modifications were performed consistent with our own internal policies to assist homeowners and borrowers to keep their homes and businesses. Although these loans are reported as troubled debt restructurings in the current year, we believe that based on the underlying collateral and payment performance history, that we will receive full payment on these notes.

Reduction of Delinquent Loans

Total loan delinquencies as of June 30, 2009 decreased by $188.0 million or 39% from prior quarter. Loan delinquency fell across all delinquency categories and loan types. In particular, loans delinquent 30 to 59 days decreased 69% or $130.9 million, to $59.1 million. Delinquent loans decreased during the quarter due to the sale of problem loans, fewer migrations into delinquency categories and the payoff and resolution of delinquent loans.

Delinquent Loans Trend
(in millions)	Quarter Ended
	December 31, 2008				March 31, 2009				June 30, 2009
Loans delinquent 30-59 days	$	75.4			$	189.9			$	59.1
Loans delinquent 60-89 days		69.5				115.9				90.1
Loans delinquent 90+ days		182.1				178.8				147.4
Total delinquent loans	$	327.0			$	484.6			$	296.6
Total loans receivable	$	8,249.5			$	8,064.3			$	8,529.0
Delinquent loans to total loans ratio		3.96	%			6.01	%			3.48	%

During the second quarter, we recorded $151.4 million provision for loan losses, increasing the allowance for loan losses at June 30, 2009 to $223.7 million or 2.62% of outstanding loans. This compares to $195.5 million or 2.42% of outstanding loans at March 31, 2009. For the second quarter of 2009, East West had net charge-offs of $133.9 million, largely resulting from land and construction loans. East West continues to record substantial provision for loan losses to ensure an adequate allowance for loan losses commensurate with the risk profile inherent in the loan portfolio.

Capital Adequacy and Results of East West Stress Test

Capital Strength
(Dollars in millions)		6/30/09 Ratio		Well Capitalized Regulatory Requirement		Total Excess Above Well Capitalized Requirement
Tier 1 leverage capital ratio		10.38	%	5.00	%	$	664.5
Tier 1 risk-based capital ratio		12.25	%	6.00	%	$	654.2
Total risk-based capital ratio		14.28	%	10.00	%	$	447.4

East West has always been committed to maintaining strong capital levels and has been well capitalized throughout this economic cycle. As of the end of the second quarter, East West significantly exceeded well capitalized requirements under all regulatory guidelines.

In this challenging economic environment, we recognize the importance of building capital and preparing for an even more severely stressed economic cycle. During the second quarter, management followed the tenets of the Supervisory Capital Assessment Program (SCAP) and applied the "more adverse” stress test guidelines to our loan and investment portfolios. East West was not one of the banks subject to the SCAP stress test; however, management believed that it was prudent risk management to conduct a similar test on our loan and investment portfolios. The loss assumptions we used in our stress test were similar to the indicative loss rates disclosed in the SCAP white paper.

Based on the result of our stress test, East West would remain more than well capitalized under all regulatory guidelines. The stress test simulates an economic downturn scenario that is more severe than what we are currently experiencing. Our stress test indicated that with additional tangible common equity of $101 million, we would have sufficient tangible common equity to maintain a 4.00% tangible common equity to risk-weighted assets ratio, even in a more severe economic.

Management took immediate actions to increase tangible common equity. In May 2009, we desecuritized our private label MBS securitizations, increasing tangible common equity by $30.6 million. In late June, we entered into agreements to exchange 90,311 shares of Series A Preferred Stock into common stock, increasing tangible common equity by an additional $90.3 million. Further, East West entered into private placement transactions on July 14, 2009 to sell 5,000,000 shares of common stock at a price of $5.50 per share. Through these transactions, which have all been executed as of today, tangible common equity has increased by a total of $148.4 million, $47.4 million in excess of our desired additional tangible common equity goal.

June 30, 2009 Pro Forma Capital Ratios After Completion of Private Preferred Stock Exchanges and Private Placement Common Stock Issuance

	6/30/2009 Pro Forma Capital Ratios
	Actual Ratios		+	After Impact of $90.3 Million Preferred Stock Exchanges (1)		+	After Impact of $27.5 Million Private Placement Common Stock Issuance (2)
Tier 1 leverage capital ratio	10.38	%		10.38	%		10.59	%
Tier 1 risk-based capital ratio	12.25	%		12.25	%		12.50	%
Total risk-based capital ratio	14.28	%		14.28	%		14.52	%
TCE/Risk-weighted assets	6.16	%		7.00	%		7.25	%

(1) The agreements for the exchanges of preferred stock totaling $90.3 million were entered into on June 29^th and June 30^th of 2009 but did not settle until after June 30, 2009. The impact to tangible common equity was not reflected until after the settlement dates, which occurred in early July 2009.

(2) The $27.5 million private placement common stock issuance was executed on July 14, 2009 and settled on July 15, 2009.

International and Green Initiatives

In the second quarter we launched many initiatives that will provide future growth opportunities. During the quarter, we obtained approval to open a Representative Office in Taipei. East West’s growing physical presence in Asia includes a full service branch in Hong Kong and Representative Offices in Beijing and Shanghai. With our increasing presence in Asia, we will be better able to facilitate our customers’ lending and overall banking needs. Additionally, during the quarter, we successfully launched a global foreign exchange initiative and built a foreign exchange trading platform to further expand our international banking services. East West has also embraced "Green” initiatives and has partnered with organizations including the Los Angeles Lakers, Southern California Edison and Sempra Energy to support programs that foster conservation and efficient energy usage. These partnerships have raised our visibility on our "Green” initiatives and resulted in many new lending and deposit relationships.

Strong Deposit Growth

Total deposits as of June 30, 2009 increased to a record $8.7 billion, up $204.8 million or 10% annualized from $8.5 billion at March 31, 2009. The increase in deposits resulted from a strong increase in core deposits of $203.4 million or 21% annualized quarter over quarter. We have successfully grown core deposits by introducing new deposit products, attracting new customers and expanding existing customer relationships. We continue to see strong growth in our retail banking division and have substantially increased small business accounts. Noninterest-bearing demand deposits totaled $1.3 billion as of June 30, 2009, or approximately 15% of total deposits.

With the success of increasing core deposits, the cost of deposits has decreased considerably. The cost of deposits for the second quarter decreased to 1.47%, a 34 basis point decrease from the first quarter of 2009.

Second Quarter 2009 Operating Results

Net interest income for the second quarter totaled $88.3 million, an 11% increase over first quarter of 2009. The net interest margin for the second quarter was 2.98%, a 24 basis point increase from 2.74% in the prior quarter. We believe that the margin will continue to strengthen throughout the remainder of 2009, benefiting from growing core deposits, increasing yields on loans and investment securities, pay-downs of higher cost term FHLB borrowings and ongoing downward repricing of maturing higher cost time deposits.

Currently, we estimate that the net interest margin will approximate 3.10% to 3.15% for the third quarter of 2009 and 3.20% to 3.25% for the fourth quarter of 2009.

Excluding the non-cash charge for impairment of investment securities and gains on sales of investment securities, noninterest income for the second quarter totaled $9.6 million, compared to $10.5 million in the first quarter of 2009. See reconciliation of the GAAP financial measure to this non-GAAP financial measure in the tables attached. In the second quarter of 2009, we recorded $37.4 million write-downs on investment securities for other-than-temporary impairment on bank pooled trust preferred securities. As of June 30, 2009, the book value of the pooled trust preferred securities was $84.9 million, 3% of the total $2.8 billion of investment securities and less than 1% of $12.7 billion in total assets.

Noninterest expense totaled $57.9 million for the second quarter 2009, an increase of $6.5 million from the first quarter of 2009. The increase in noninterest expense quarter over quarter was primarily due to a $5.7 million special deposit insurance assessment by the FDIC and OREO expenses which were $1.7 million greater than in the first quarter. The remaining noninterest expenses decreased $845 thousand or 2% quarter over quarter. See reconciliation of the GAAP financial measure to this non-GAAP financial measure in the tables attached. We will continue to manage down all operating costs for the remainder of 2009; however, further cost containment may be offset by higher FDIC assessments and OREO expenses.

Extraordinary Item

In the month of May, we desecuritized three private label mortgage-backed securitizations which had $330.7 million in single family loans and $304.9 million in multi-family loans as underlying collateral. As a result of these transactions, the investment securities on our balance sheet were replaced by the underlying loans totaling $635.6 million and we recorded an extraordinary loss, net of tax, of $5.4 million. This extraordinary item was the result of recording an allowance for loan losses for these single family and multifamily loans.

Induced Conversion of Series A Preferred Stock

The agreements we entered into on June 29 and June 30, 2009, to exchange 90,311 shares of Series A Preferred Stock into common stock are considered to be an induced conversion. For these induced conversions, consideration paid to holders above the carrying amount of the preferred stock on our balance sheet of $14.8 million in July was accounted for as a preferred dividend in the second quarter of 2009.

Dividend Payout

East West Bank’s Board of Directors has declared third quarter dividends on the common stock and Series A Preferred Stock. The common stock cash dividend of $0.01 is payable on or about August 26, 2009 to shareholders of record on August 12, 2009. The dividend on the Series A Preferred Stock of $20.00 per share is payable on August 1, 2009 to shareholders of record on July 15, 2009. We will continue to review the dividend policy quarterly, in light of the current economic environment.

About East West

East West Bancorp is a publicly owned company with $12.7 billion in assets and is traded on the Nasdaq Global Select Market under the symbol "EWBC”. The Company’s wholly owned subsidiary, East West Bank, is the second largest independent commercial bank headquartered in Southern California with 71 branch locations. East West Bank serves the community with 69 branch locations across Southern and Northern California and a branch location in Houston, Texas. East West Bank has three international locations in Greater China, including a full-service branch in Hong Kong and representative offices in Beijing and Shanghai. For more information on East West Bancorp, visit the Company’s website at www.eastwestbank.com.

Forward-Looking Statements

This release may contain forward-looking statements, which are included in accordance with the "safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and accordingly, the cautionary statements contained in East West Bancorp’s Annual Report on Form 10-K for the year ended Dec. 31, 2008 (See Item I -- Business, and Item 7 -- Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. These factors include, but are not limited to: the effect of interest rate and currency exchange fluctuations; competition in the financial services market for both deposits and loans; EWBC’s ability to efficiently incorporate acquisitions into its operations; the ability of borrowers to perform as required under the terms of their loans; effect of additional provisions for loan losses; effect of any goodwill impairment, the ability of EWBC and its subsidiaries to increase its customer base; the effect of regulatory and legislative action, including California tax legislation and an announcement by the state’s Franchise Tax Board regarding the taxation of Registered Investment Companies; and regional and general economic conditions. Actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Such forward-looking statements speak only as of the date of this release. East West expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Bank’s expectations of results or any change in event.

EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
(unaudited)
		June 30, 2009				March 31, 2009				December 31, 2008
Assets
	Cash and cash equivalents	$	573,114			$	541,066			$	878,853
	Short-term investments		554,293				329,288				228,441
	Securities purchased under resale agreements		75,000				50,000				50,000
	Investment securities held-to-maturity, at amortized cost		794,840				734,799				122,317
	Investment securities available-for-sale, at fair value		1,381,810				1,994,403				2,040,194
	Loans receivable (net of allowance for loan losses
	of $223,700, $195,450 and $178,027)		8,289,229				7,865,925				8,069,377
	Other real estate owned, net		27,188				38,634				38,302
	Premiums on deposits acquired, net		18,973				20,065				21,190
	Goodwill		337,438				337,438				337,438
	Other assets		667,631				652,906				636,704
	Total assets	$	12,719,515			$	12,564,524			$	12,422,816
Liabilities and Stockholders' Equity
	Deposits	$	8,658,818			$	8,454,059			$	8,141,959
	Federal funds purchased		22				22				28,022
	Federal Home Loan Bank advances		1,173,238				1,233,269				1,353,307
	Securities sold under repurchase agreements		1,020,080				998,061				998,430
	Notes payable		11,578				14,597				16,506
	Long-term debt		235,570				235,570				235,570
	Accrued expenses and other liabilities		143,441				93,753				98,256
	Total liabilities		11,242,747				11,029,331				10,872,050
	Stockholders' equity		1,476,768				1,535,193				1,550,766
	Total liabilities and stockholders' equity	$	12,719,515			$	12,564,524			$	12,422,816
	Book value per common share	$	15.65			$	16.60			$	16.92
	Number of common shares at period end		64,032				63,958				63,746
	Ending Balances
		June 30, 2009				March 31, 2009				December 31, 2008
Loans receivable
	Real estate - single family	$	883,447			$	517,844			$	491,315
	Real estate - multifamily		1,017,803				689,728				677,989
	Real estate - commercial		3,510,248				3,510,749				3,472,000
	Real estate - land		479,808				544,892				576,564
	Real estate - construction		945,107				1,154,782				1,260,724
	Commercial		1,143,526				1,128,903				1,210,260
	Trade finance		269,150				292,816				343,959
	Consumer		279,872				224,601				216,642
	Total gross loans receivable		8,528,961				8,064,315				8,249,453
Unearned fees, premiums and discounts			(16,032	)			(2,940	)			(2,049	)
Allowance for loan losses			(223,700	)			(195,450	)			(178,027	)
	Net loans receivable	$	8,289,229			$	7,865,925			$	8,069,377
Deposits
	Noninterest-bearing demand	$	1,326,952			$	1,297,151			$	1,292,997
	Interest-bearing checking		338,696				352,334				363,285
	Money market		1,999,464				1,806,985				1,323,402
	Savings		405,837				411,104				420,133
	Total core deposits		4,070,949				3,867,574				3,399,817
	Time deposits less than $100,000		1,121,648				1,211,480				1,521,988
	Time deposits $100,000 or greater		3,466,221				3,375,005				3,220,154
	Total time deposits		4,587,869				4,586,485				4,742,142
	Total deposits	$	8,658,818			$	8,454,059			$	8,141,959

EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
(unaudited)
		Quarter Ended
		June 30, 2009				March 31, 2009				June 30, 2008
	Interest and dividend income	$	146,333			$	144,923			$	167,905
	Interest expense		(58,073	)			(65,242	)			(75,729	)
	Net interest income before provision for loan losses		88,260				79,681				92,176
	Provision for loan losses		(151,422	)			(78,000	)			(85,000	)
	Net interest (loss) income after provision for loan losses		(63,162	)			1,681				7,176
	Noninterest (loss) income		(26,199	)			13,794				3,438
	Noninterest expense		(57,912	)			(51,406	)			(55,655	)
	Loss before benefit for income taxes		(147,273	)			(35,931	)			(45,041	)
	Benefit for income taxes		60,548				13,465				19,154
	Loss before extraordinary item	$	(86,725	)		$	(22,466	)		$	(25,887	)
	Extraordinary item, net of tax		(5,366	)			-				-
	Net loss after extraordinary item	$	(92,091	)		$	(22,466	)		$	(25,887	)
	Preferred stock dividend, inducement, and amortization of preferred stock discount		(23,623	)			(8,743	)			-
	Net loss available to common stockholders	$	(115,714	)		$	(31,209	)		$	(25,887	)
	Net loss per share, basic	$	(1.83	)		$	(0.50	)		$	(0.41	)
	Net loss per share, diluted	$	(1.83	)		$	(0.50	)		$	(0.41	)
	Shares used to compute per share net loss:
	- Basic		63,105				62,998				62,599
	- Diluted		63,105				62,998				62,599
		Quarter Ended
		June 30, 2009				March 31, 2009				June 30, 2008
Noninterest (loss) income:
	Impairment loss on investment securities	$	(37,447	)		$	(200	)		$	(9,945	)
	Branch fees		4,991				4,793				4,339
	Letters of credit fees and commissions		1,930				1,854				2,476
	Net gain on sale of investment securities		1,680				3,521				3,433
	Ancillary loan fees		1,356				2,229				984
	Net gain on sale of loans		3				8				273
	Other operating income		1,288				1,589				1,878
	Total noninterest (loss) income	$	(26,199	)		$	13,794			$	3,438
Noninterest expense:
	Compensation and employee benefits	$	16,509			$	17,108			$	25,790
	Deposit insurance premiums and regulatory assessments		9,568				3,325				2,321
	Other real estate owned expense		8,682				7,031				508
	Occupancy and equipment expense		6,297				7,391				6,539
	Legal expense		1,755				1,778				1,135
	Amortization of investments in affordable housing partnerships		1,652				1,760				1,920
	Data processing		1,141				1,142				1,135
	Amortization and impairment writedowns of premiums on deposits acquired		1,092				1,125				1,827
	Consulting expense		672				448				1,669
	Other operating expense		10,544				10,298				12,811
	Total noninterest expense	$	57,912			$	51,406			$	55,655

EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
(unaudited)
		Year To Date
		June 30, 2009				June 30, 2008				% Change
	Interest and dividend income	$	291,256			$	355,089			(18	)
	Interest expense		(123,315	)			(163,294	)		(24	)
	Net interest income before provision for loan losses		167,941				191,795			(12	)
	Provision for loan losses		(229,422	)			(140,000	)		64
	Net interest (loss) income after provision for loan losses		(61,481	)			51,795			(219	)
	Noninterest (loss) income		(12,405	)			19,351			(164	)
	Noninterest expense		(109,318	)			(108,545	)		1
	Loss before benefit for income taxes		(183,204	)			(37,399	)		390
	Benefit for income taxes		74,013				16,556			347
	Net loss before extraordinary items	$	(109,191	)		$	(20,843	)		424
	Extraordinary item, net of tax	$	(5,366	)		$	-			NA
	Net loss after extraordinary item	$	(114,557	)		$	(20,843	)		450
	Preferred stock dividend, inducement, and amortization of preferred stock discount		(32,366	)			-			NA
	Net loss available to common stockholders	$	(146,923	)		$	(20,843	)		605
	Net loss per share, basic	$	(2.33	)		$	(0.33	)		606
	Net loss per share, diluted	$	(2.33	)		$	(0.33	)		606
	Shares used to compute per share net loss:
	- Basic		63,052				62,542			1
	- Diluted		63,052				62,542			1
		Year To Date
		June 30, 2009				June 30, 2008				% Change
Noninterest (loss) income:
	Impairment loss on investment securities	$	(37,647	)		$	(9,945	)		279
	Branch fees		9,784				8,440			16
	Net gain on sale of investment securities		5,201				7,767			(33	)
	Letters of credit fees and commissions		3,784				5,153			(27	)
	Ancillary loan fees		3,585				2,125			69
	Net gain on sale of loans		11				2,128			(99	)
	Other operating income		2,877				3,683			(22	)
	Total noninterest (loss) income	$	(12,405	)		$	19,351			(164	)
Noninterest expense:
	Compensation and employee benefits	$	33,617			$	49,058			(31	)
	Other real estate owned expense		15,713				1,397			1,025
	Occupancy and equipment expense		13,688				13,547			1
	Deposit insurance premiums and regulatory assessments		12,893				3,513			267
	Legal expense		3,533				3,035			16
	Amortization of investments in affordable housing partnerships		3,412				3,635			(6	)
	Data processing		2,283				2,331			(2	)
	Amortization and impairment writedowns of premiums on deposits acquired		2,217				4,564			(51	)
	Consulting expense		1,120				2,534			(56	)
	Other operating expense		20,842				24,931			(16	)
	Total noninterest expense	$	109,318			$	108,545			1

EAST WEST BANCORP, INC.
GAAP TO NON-GAAP RECONCILIATION
(In thousands)
(Unaudited)
	Quarter Ended
	June 30, 2009				March 31, 2009
Loss before benefit for income taxes	$	(147,273	)		$	(35,931	)
Add:
Provision for loan losses		151,422				78,000
Impairment loss on investment securities		37,447				200
FDIC special assessment		5,700				-
Other real estate owned expense		8,682				7,031
Core operating earnings (non-GAAP)	$	55,978			$	49,300
Noninterest (loss) income	$	(26,199	)		$	13,794
Add:
Impairment loss on investment securities		37,447				200
Net gain on sale of investment securities		(1,680	)			(3,521	)
Noninterest income (non-GAAP)	$	9,568			$	10,473
Noninterest expense	$	57,912			$	51,406
Add:
Other real estate owned expense		(8,682	)			(7,031	)
FDIC special assessment		(5,700	)			-
Core noninterest expense (non-GAAP)	$	43,530			$	44,375

EAST WEST BANCORP, INC.
SELECTED FINANCIAL INFORMATION
(In thousands)
(unaudited)
	Average Balances	Quarter Ended
		June 30, 2009				March 31, 2009				June 30, 2008
Loans receivable
	Real estate - single family	$	686,073			$	506,753			$	458,021
	Real estate - multifamily		823,890				692,885				731,042
	Real estate - commercial		3,516,257				3,465,505				3,494,118
	Real estate - land		523,799				582,649				649,392
	Real estate - construction		1,072,319				1,232,235				1,566,562
	Commercial		1,112,869				1,179,183				1,227,891
	Trade finance		274,388				309,586				448,471
	Consumer		235,255				228,377				197,531
	Total loans receivable		8,244,850				8,197,173				8,773,028
Investment securities held-to-maturity			792,209				422,493				-
Investment securities available-for-sale			1,820,789				2,280,766				1,990,262
Earning assets			11,909,122				11,802,045				11,125,104
Total assets			12,619,022				12,498,249				11,771,136
Deposits
	Noninterest-bearing demand	$	1,300,676			$	1,238,551			$	1,405,040
	Interest-bearing checking		356,756				361,569				412,422
	Money market		1,822,470				1,487,178				1,103,522
	Savings		415,828				410,232				468,541
	Total core deposits		3,895,730				3,497,530				3,389,525
	Time deposits less than $100,000		1,162,205				1,332,944				964,196
	Time deposits $100,000 or greater		3,386,730				3,482,074				3,148,739
	Total time deposits		4,548,935				4,815,018				4,112,935
	Total deposits		8,444,665				8,312,548				7,502,460
Interest-bearing liabilities			9,664,662				9,595,665				9,005,974
Stockholders' equity			1,530,253				1,540,948				1,221,285
	Selected Ratios	Quarter Ended
		June 30, 2009				March 31, 2009				June 30, 2008
For The Period
	Return on average assets		-2.92	%			-0.72	%			-0.88	%
	Return on average common equity		-43.81	%			-11.69	%			-8.48	%
	Interest rate spread (3)		2.52	%			2.22	%			2.70	%
	Net interest margin (3)		2.98	%			2.74	%			3.33	%
	Yield on earning assets (3)		4.93	%			4.98	%			6.07	%
	Cost of deposits		1.47	%			1.81	%			2.33	%
	Cost of funds		2.12	%			2.44	%			2.92	%
	Noninterest expense/average assets (1)		1.75	%			1.55	%			1.74	%
	Efficiency ratio (4)		55.12	%			51.80	%			48.62	%
	Net chargeoffs to average loans (2)		6.50	%			2.91	%			1.59	%
	Gross loan chargeoffs	$	137,411			$	60,140			$	35,209
	Loan recoveries	$	(3,535	)		$	(571	)		$	(366	)
	Net loan chargeoffs	$	133,876			$	59,569			$	34,843
	(1) Excludes the amortization of intangibles, amortization and impairment writedowns of premiums on deposits acquired, impairment writedown on goodwill, and amortization of investments in affordable housing partnerships.
	(2) Annualized.
	(3) Yields on certain securities have been adjusted upward to a "fully taxable equivalent" basis in order to reflect the effect of income which is exempt from federal income taxation at the current statutory tax rate.
	(4) Represents noninterest expense, excluding the amortization of intangibles, amortization and impairment writedowns of premiums on deposits acquired, impairment writedown on goodwill, and investments in affordable housing partnerships, divided by the aggregate of net interest income before provision for loan losses and noninterest income, excluding impairment writedowns on investment securities.

EAST WEST BANCORP, INC.
SELECTED FINANCIAL INFORMATION
(In thousands)
(unaudited)
	Average Balances	Year To Date June 30,								%
			2009				2008			Change
Loans receivable
	Real estate - single family	$	596,913			$	451,081			32
	Real estate - multifamily		758,744				714,792			6
	Real estate - commercial		3,491,166				3,557,946			(2	)
	Real estate - land		552,917				660,495			(16	)
	Real estate - construction		1,151,836				1,575,306			(27	)
	Commercial		1,145,842				1,255,352			(9	)
	Trade finance		291,890				456,891			(36	)
	Consumer		231,835				192,279			21
	Total loans receivable		8,221,143				8,864,142			(7	)
Investment securities held-to-maturity			608,372				-			NA
Investment securities available-for-sale			2,050,106				1,914,642			7
Earning assets			11,856,477				11,087,927			7
Total assets			12,557,996				11,780,012			7
Deposits
	Noninterest-bearing demand	$	1,270,716			$	1,399,920			(9	)
	Interest-bearing checking		358,492				407,631			(12	)
	Money market		1,655,476				1,099,111			51
	Savings		413,046				469,989			(12	)
	Total core deposits		3,697,730				3,376,651			10
	Time deposits less than $100,000		1,247,101				951,241			31
	Time deposits $100,000 or greater		3,434,140				3,088,157			11
	Total time deposits		4,681,241				4,039,398			16
	Total deposits		8,378,971				7,416,049			13
Interest-bearing liabilities			9,629,422				9,045,283			6
Stockholders' equity			1,535,532				1,189,223			29
	Selected Ratios	Year To Date June 30,								%
			2009				2008			Change
For The Period
	Return on average assets		-1.82	%			-0.35	%		420
	Return on average common equity		-27.66	%			-3.51	%		689
	Interest rate spread (3)		2.38	%			2.82	%		(16	)
	Net interest margin (3)		2.86	%			3.48	%		(18	)
	Yield on earning assets (3)		4.96	%			6.44	%		(23	)
	Cost of deposits		1.64	%			2.59	%		(37	)
	Cost of funds		2.28	%			3.14	%		(27	)
	Noninterest expense/average assets (1)		1.65	%			1.69	%		(2	)
	Efficiency ratio (4)		53.51	%			45.12	%		19
	Net chargeoffs to average loans (2)		4.71	%			1.36	%		246
	Gross loan chargeoffs	$	197,551			$	60,792			225
	Loan recoveries	$	(4,106	)		$	(566	)		625
	Net loan chargeoffs	$	193,445			$	60,226			221
Period End
	Tier 1 risk-based capital ratio		12.25	%			11.04	%		13
	Total risk-based capital ratio		14.28	%			13.01	%		11
	Tier 1 leverage capital ratio		10.38	%			10.01	%		6
	(1) Excludes the amortization of intangibles, amortization and impairment writedowns of premiums on deposits acquired, impairment writedown on goodwill, and amortization of investments in affordable housing partnerships.
	(2) Annualized.
	(3) Yields on certain securities have been adjusted upward to a "fully taxable equivalent" basis in order to reflect the effect of income which is exempt from federal income taxation at the current statutory tax rate.
	(4) Represents noninterest expense, excluding the amortization of intangibles, amortization and impairment writedowns of premiums on deposits acquired, impairment writedown on goodwill, and investments in affordable housing partnerships, divided by the aggregate of net interest income before provision for loan losses and noninterest income, excluding impairment writedowns on investment securities.

EAST WEST BANCORP, INC.
QUARTER TO DATE AVERAGE BALANCES, YIELDS AND RATES PAID
(In thousands)
(unaudited)
	Quarter Ended
	June 30, 2009								March 31, 2009
	Average								Average
	Volume			Interest			Yield (1)		Volume			Interest			Yield (1)
ASSETS
Interest-earning assets:
Short-term investments	$	876,386		$	2,509		1.15	%	$	731,573		$	2,976		1.65	%
Securities purchased under resale agreements (term)		51,374			1,292		9.95	%		50,000			1,250		10.00	%
Investment securities held-to-maturity
Taxable		769,432			11,883		6.18	%		405,851			6,695		6.60	%
Tax-exempt (2)		22,777			374		6.57	%		16,642			277		6.66	%
Investment securities available-for-sale		1,820,789			18,183		4.01	%		2,280,766			22,493		4.00	%
Loans receivable		8,244,850			111,669		5.43	%		8,197,173			110,816		5.48	%
Federal Home Loan Bank and Federal Reserve
Bank stocks		123,514			545		1.76	%		120,040			506		1.69	%
Total interest-earning assets		11,909,122			146,455		4.93	%		11,802,045			145,013		4.98	%
Noninterest-earning assets:
Cash and due from banks		113,853								122,899
Allowance for loan losses		(198,802	)							(186,058	)
Other assets		794,849								759,363
Total assets	$	12,619,022							$	12,498,249
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest-bearing liabilities:
Checking accounts		356,756			324		0.36	%		361,569			393		0.44	%
Money market accounts		1,822,470			6,140		1.35	%		1,487,178			5,694		1.55	%
Savings deposits		415,828			659		0.64	%		410,232			702		0.69	%
Time deposits less than $100,000		1,162,205			6,947		2.40	%		1,332,944			9,618		2.93	%
Time deposits $100,000 or greater		3,386,730			16,820		1.99	%		3,482,074			20,666		2.41	%
Federal funds purchased		4,849			3		0.24	%		2,445			3		0.49	%
Federal Home Loan Bank advances		1,273,640			13,142		4.14	%		1,285,070			13,877		4.38	%
Securities sold under repurchase agreements		1,006,614			12,004		4.72	%		998,583			11,872		4.76	%
Long-term debt		235,570			2,034		3.42	%		235,570			2,417		4.10	%
Total interest-bearing liabilities		9,664,662			58,073		2.41	%		9,595,665			65,242		2.76	%
Noninterest-bearing liabilities:
Demand deposits		1,300,676								1,238,551
Other liabilities		123,431								123,085
Stockholders' equity		1,530,253								1,540,948
Total liabilities and stockholders' equity	$	12,619,022							$	12,498,249
Interest rate spread							2.52	%							2.22	%
Net interest income and net yield
on interest-earning assets (2)				$	88,382		2.98	%				$	79,771		2.74	%
(1) Annualized
(2) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate.

EAST WEST BANCORP, INC.
YEAR TO DATE AVERAGE BALANCES, YIELDS AND RATES PAID
(In thousands)
(unaudited)
	Year To Date June 30,
	2009								2008
	Average								Average
	Volume			Interest			Yield (1)		Volume			Interest			Yield (1)
ASSETS
Interest-earning assets:
Short-term investments (2)	$	804,379		$	5,485		1.38	%	$	135,373		$	1,589		2.35	%
Securities purchased under resale agreements (term)		50,691			2,542		9.97	%		57,143			3,817		13.40	%
Investment securities held-to-maturity
Taxable		588,646			18,578		6.31	%		-			-		-
Tax-exempt (3)		19,726			651		6.60	%		-			-		-
Investment securities available-for-sale (4)		2,050,106			40,676		4.00	%		1,914,642			53,499		5.60	%
Loans receivable		8,221,143			222,485		5.46	%		8,864,142			293,431		6.64	%
Federal Home Loan Bank and Federal Reserve
Bank stocks		121,786			1,051		1.73	%		116,627			3,472		5.97	%
Total interest-earning assets		11,856,477			291,468		4.96	%		11,087,927			355,808		6.44	%
Noninterest-earning assets:
Cash and due from banks		118,351								137,057
Allowance for loan losses		(192,465	)							(113,098	)
Other assets		775,633								668,126
Total assets	$	12,557,996							$	11,780,012
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest-bearing liabilities:
Checking accounts		358,492			717		0.40	%		407,631			2,048		1.01	%
Money market accounts		1,655,476			11,834		1.44	%		1,099,111			14,582		2.66	%
Savings deposits		413,046			1,361		0.66	%		469,989			2,412		1.03	%
Time deposits less than $100,000		1,247,101			16,565		2.68	%		951,241			16,401		3.46	%
Time deposits $100,000 or greater		3,434,140			37,486		2.20	%		3,088,157			60,346		3.92	%
Federal funds purchased		3,653			6		0.33	%		129,405			1,746		2.71	%
Federal Home Loan Bank advances		1,279,323			27,019		4.26	%		1,663,188			37,223		4.49	%
Securities sold under repurchase agreements		1,002,621			23,876		4.74	%		1,000,991			21,819		4.37	%
Long-term debt		235,570			4,451		3.76	%		235,570			6,717		5.72	%
Total interest-bearing liabilities		9,629,422			123,315		2.58	%		9,045,283			163,294		3.62	%
Noninterest-bearing liabilities:
Demand deposits		1,270,716								1,399,920
Other liabilities		122,326								145,586
Stockholders' equity		1,535,532								1,189,223
Total liabilities and stockholders' equity	$	12,557,996							$	11,780,012
Interest rate spread							2.38	%							2.82	%
Net interest income and net yield
on interest-earning assets (3)				$	168,153		2.86	%				$	192,514		3.48	%
(1) Annualized
(2) Year to date June 30, 2008, includes short-term securities purchased under resale agreements.
(3) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate.
(4) Year to date June 30, 2008, amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate.

EAST WEST BANCORP, INC.
QUARTERLY ALLOWANCE FOR LOAN LOSSES RECAP
(In thousands)
(unaudited)
	Quarter Ended
		6/30/2009				3/31/2009				12/31/2008				9/30/2008				6/30/2008
LOANS
Allowance balance, beginning of period	$	195,450			$	178,027			$	177,155			$	168,413			$	117,120
Allowance for unfunded loan commitments and letters of credit		1,442				(1,008	)			(625	)			5,437				1,136
Provision for loan losses		151,422				78,000				43,000				43,000				85,000
Impact of desecuritization		9,262				-				-				-				-
Net Charge-offs:
Real estate - single family		14,058				3,832				1,756				1,022				632
Real estate - multifamily		2,256				1,624				524				1,006				436
Real estate - commercial		12,472				2,790				750				663				(3	)
Real estate - land		33,183				12,523				9,039				19,128				16,337
Real estate - residential construction		30,634				16,347				17,127				13,557				15,726
Real estate - commercial construction		28,602				1,977				-				-				-
Commercial		11,577				18,146				8,054				3,474				640
Trade finance		774				1,032				4,026				750				922
Consumer		320				1,298				227				95				153
Total net charge-offs		133,876				59,569				41,503				39,695				34,843
Allowance balance, end of period	$	223,700			$	195,450			$	178,027			$	177,155			$	168,413
UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT:
Allowance balance, beginning of period	$	7,349			$	6,341			$	5,716			$	11,153			$	12,289
Provision for unfunded loan commitments and letters of credit		(1,442	)			1,008				625				(5,437	)			(1,136	)
Allowance balance, end of period	$	5,907			$	7,349			$	6,341			$	5,716			$	11,153
GRAND TOTAL, END OF PERIOD	$	229,607			$	202,799			$	184,368			$	182,871			$	179,566
Nonperforming assets to total assets		2.19	%			2.42	%			2.12	%			1.71	%			1.64	%
Allowance for loan losses to total gross loans at end of period		2.62	%			2.42	%			2.16	%			2.14	%			1.95	%
Allowance for loan losses and unfunded loan commitments to total gross loans at end of period		2.69	%			2.51	%			2.23	%			2.21	%			2.07	%
Allowance to nonaccrual loans at end of period		137.94	%			78.81	%			82.95	%			99.92	%			98.59	%
Nonaccrual loans to total loans		1.90	%			3.08	%			2.60	%			2.14	%			1.97	%

EAST WEST BANCORP, INC
TOTAL NON-PERFORMING ASSETS AS OF JUNE 30, 2009
(in thousands)
(unaudited)
	Total Nonaccrual Loans									Total Modified or Restructured Loans
	90+ Days Delinquent			Under 90+ Days Delinquent			Total Nonaccrual Loans (1)			Modified or Restructured Loans			A/B Loans			Total Modified or Restructured Loans			REO Assets			Total Non-Performing Assets
Loan Type
Real estate - single family	$	5,181		$	-		$	5,181		$	376		$	14,121		$	14,497		$	4,921		$	24,599
Real estate - multifamily		7,938			-			7,938			2,720			46,418			49,138			281			57,357
Real estate - commercial		19,786			4,590			24,376			2,178			8,277			10,455			2,887			37,718
Real estate - land		35,660			1,656			37,316			-			375			375			13,307			50,998
Real estate - residential construction		46,176			-			46,176			-			-			-			4,154			50,330
Real estate - commercial construction		20,629			-			20,629			-			8,022			8,022			-			28,651
Commercial		8,034			8,067			16,101			7,001			-			7,001			626			23,728
Trade Finance		3,706			-			3,706			-			-			-			211			3,917
Consumer		339			412			751			-			-			-			801			1,552
Total	$	147,449		$	14,725		$	162,174			12,275			77,213			89,488		$	27,188		$	278,850
(1) Total TDR loans included in Nonaccrual loans $5,236.

EAST WEST BANCORP, INC
TOTAL NON-PERFORMING ASSETS AS OF MARCH 31, 2009
(in thousands)
(unaudited)
	Total Nonaccrual Loans
	90+ Days Delinquent			Under 90+ Days Delinquent			Total Nonaccrual Loans (1)			Modified or Restructured Loans			REO Assets			Total Non-Performing Assets
Loan Type
Real estate - single family	$	18,515		$	634		$	19,149		$	2,793		$	671		$	22,613
Real estate - multifamily		9,863			-			9,863			4,481			887			15,231
Real estate - commercial		12,465			42,724			55,189			3,270			4,240			62,699
Real estate - land		63,052			6,233			69,285			-			17,934			87,219
Real estate - residential construction		28,433			14,196			42,629			-			13,278			55,907
Real estate - commercial construction		28,604			-			28,604			-			-			28,604
Commercial		16,798			5,000			21,798			6,602			1,236			29,636
Trade Finance		177			-			177			-			270			447
Consumer		839			482			1,321			-			118			1,439
Total	$	178,746		$	69,269		$	248,015		$	17,146		$	38,634		$	303,795
(1) Total TDR loans included in Nonaccrual loans $2,508.

EAST WEST BANCORP, INC
TOTAL NON-PERFORMING ASSETS AS OF DECEMBER 31, 2008
(in thousands)
(unaudited)
	Total Nonaccrual Loans
	90+ Days Delinquent			Under 90+ Days Delinquent			Total Nonaccrual Loans (1)			Modified or Restructured Loans			REO Assets			Total Non-Performing Assets
Loan Type
Real estate - single family	$	13,519		$	-		$	13,519		$	1,201		$	419		$	15,139
Real estate - multifamily		11,845			-			11,845			3,519			1,136			16,500
Real estate - commercial		24,680			-			24,680			2,406			4,882			31,968
Real estate - land		66,185			12,892			79,077			-			10,307			89,384
Real estate - residential construction		27,052			8,766			35,818			-			21,146			56,964
Real estate - commercial construction		30,581			-			30,581			-			-			30,581
Commercial		6,570			10,604			17,174			3,866			142			21,182
Trade Finance		65			-			65			-			270			335
Consumer		1,654			194			1,848			-			-			1,848
Total	$	182,151		$	32,456		$	214,607		$	10,992		$	38,302		$	263,901
(1) Total TDR loans included in Nonaccrual loans $42.

EAST WEST BANCORP, INC
DELINQUENT LOANS BY LOAN CATEGORIES AS OF JUNE 30, 2009
(in thousands)
(unaudited)
Loan Type	30-59 Days Delinquent			60-89 Days Delinquent			90+ Days Delinquent			Total Delinquent Loans
Real estate - single family	$	553		$	6,775		$	5,181		$	12,509
Real estate - multifamily		1,960			5,618			7,938			15,516
Real estate - commercial		33,416			28,341			19,786			81,543
Real estate - land		1,570			22,190			35,660			59,420
Real estate - residential construction		17,331			6,789			46,176			70,296
Real estate - commercial construction		-			-			20,629			20,629
Commercial		4,021			19,480			8,034			31,535
Trade finance		-			408			3,706			4,114
Consumer		244			458			339			1,041
Total Delinquent Loans	$	59,095		$	90,059		$	147,449		$	296,603
EAST WEST BANCORP, INC
DELINQUENT LOANS BY LOAN CATEGORIES AS OF MARCH 31, 2009
(in thousands)
(unaudited)
Loan Type	30-59 Days Delinquent			60-89 Days Delinquent			90+ Days Delinquent			Total Delinquent Loans
Real estate - single family	$	31,105		$	4,226		$	18,515		$	53,846
Real estate - multifamily		17,310			2,585			9,863			29,758
Real estate - commercial		68,964			25,929			12,465			107,358
Real estate - land		12,835			8,969			63,052			84,856
Real estate - residential construction		31,166			61,286			28,433			120,885
Real estate - commercial construction		19,512			4,545			28,604			52,661
Commercial		4,317			3,751			16,798			24,866
Trade finance		4,123			4,468			177			8,768
Consumer		613			110			839			1,562
Total Delinquent Loans	$	189,945		$	115,869		$	178,746		$	484,560
EAST WEST BANCORP, INC
DELINQUENT LOANS BY LOAN CATEGORIES AS OF DECEMBER 31, 2008
(in thousands)
(unaudited)
Loan Type	30-59 Days Delinquent			60-89 Days Delinquent			90+ Days Delinquent			Total Delinquent Loans
Real estate - single family	$	16,708		$	6,237		$	13,519		$	36,464
Real estate - multifamily		9,372			2,382			11,845			23,599
Real estate - commercial		21,036			18,364			24,680			64,080
Real estate - land		9,335			19,002			66,185			94,522
Real estate - residential construction		13,242			9,379			27,052			49,673
Real estate - commercial construction		-			-			30,581			30,581
Commercial		3,970			13,918			6,570			24,458
Trade finance		374			-			65			439
Consumer		1,326			252			1,654			3,232
Total Delinquent Loans	$	75,363		$	69,534		$	182,151		$	327,048