HANMI FINANCIAL CORP
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
HAFC$32.68+0.5%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets at March 31, 2024 (unaudited) and December 31, 2023
Consolidated Balance Sheets
(in thousands, except share data)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $256,038 | $302,324 |
| Securities available for sale, at fair value (amortized cost of $978,580 and $967,031 as of March 31, 2024 and December 31, 2023, respectively) | 872,190 | 865,739 |
| Loans held for sale, at the lower of cost or fair value | 3,999 | 12,013 |
| Loans receivable, net of allowance for credit losses of $68,270 and $69,462 as of March 31, 2024 and December 31, 2023, respectively | 6,109,570 | 6,112,972 |
| Accrued interest receivable | 23,032 | 23,371 |
| Premises and equipment, net | 21,952 | 21,959 |
| Customers' liability on acceptances | 161 | 625 |
| Servicing assets | 6,890 | 7,070 |
| Goodwill and other intangible assets, net | 11,074 | 11,099 |
| Federal Home Loan Bank ("FHLB") stock, at cost | 16,385 | 16,385 |
| Income tax assets | 35,863 | 35,226 |
| Bank-owned life insurance | 56,639 | 56,335 |
| Prepaid expenses and other assets | 98,253 | 105,223 |
| Total assets | $7,512,046 | $7,570,341 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing | $1,933,060 | $2,003,596 |
| Interest-bearing | 4,443,000 | 4,276,978 |
| Total deposits | 6,376,060 | 6,280,574 |
| Accrued interest payable | 38,007 | 39,306 |
| Bank's liability on acceptances | 161 | 625 |
| Borrowings | 172,500 | 325,000 |
| Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $6,635 and $6,788 as of March 31, 2024 and December 31, 2023, respectively) | 130,165 | 130,012 |
| Accrued expenses and other liabilities | 92,053 | 92,933 |
| Total liabilities | 6,808,946 | 6,868,450 |
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of March 31, 2024 and December 31, 2023 | — | — |
| Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,957,284 shares (30,276,358 shares outstanding) and 33,918,035 shares (30,368,655 shares outstanding) as of March 31, 2024 and December 31, 2023, respectively | 34 | 34 |
| Additional paid-in capital | 587,687 | 586,912 |
| Accumulated other comprehensive loss, net of tax benefit of $31,401 and $29,058 as of March 31, 2024 and December 31, 2023, respectively | (76,890) | (71,928) |
| Retained earnings | 326,526 | 319,048 |
| Less treasury stock; 3,680,926 shares and 3,549,380 shares as of March 31, 2024 and December 31, 2023, respectively | (134,257) | (132,175) |
| Total stockholders’ equity | 703,100 | 701,891 |
| Total liabilities and stockholders’ equity | $7,512,046 | $7,570,341 |
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