HANMI FINANCIAL CORP
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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, 2025 · Filed May 9, 2025
HAFC$32.68+0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $17,672 | $15,164 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,592 | 1,604 |
| Amortization of servicing assets - net | 692 | 694 |
| Share-based compensation expense | 873 | 775 |
| Credit loss expense | 2,721 | 227 |
| (Gain) loss on sales of SBA loans | (2,000) | (1,482) |
| Origination of SBA loans held for sale | (35,420) | (17,632) |
| Proceeds from sales of loans | 43,837 | 26,555 |
| (Gain) loss on sales of residential loans | (175) | (443) |
| Change in bank-owned life insurance | (308) | (304) |
| Change in prepaid expenses and other assets | 1,160 | 5,564 |
| Change in income tax assets | 2,660 | 1,707 |
| Change in accrued interest payable and other liabilities | (7,460) | (2,446) |
| Net cash provided by operating activities | 25,844 | 29,983 |
| Cash flows from investing activities: | ||
| Purchases of securities available for sale | (32,466) | (38,424) |
| Proceeds from matured, called and repayment of securities | 45,141 | 26,233 |
| Purchases of loans receivable | (34,301) | (10,198) |
| Proceeds from sales of mortgage loans | — | 30,427 |
| Purchases of premises and equipment | (263) | (794) |
| Proceeds from disposition of premises and equipment | 14 | — |
| Change in loans receivable, excluding purchases and sales | (8,608) | (16,729) |
| Net cash used in investing activities | (30,483) | (9,485) |
| Cash flows from financing activities: | ||
| Change in deposits | 183,699 | 95,486 |
| Change in open FHLB advances | (145,000) | (152,500) |
| Cash paid for employee vested shares surrendered due to employee tax liability | (579) | (490) |
| Repurchase of common stock | (1,125) | (1,594) |
| Cash dividends paid | (8,153) | (7,686) |
| Net cash provided by (used in) financing activities | 28,842 | (66,784) |
| Net increase (decrease) in cash and due from banks | 24,203 | (46,286) |
| Cash and due from banks at beginning of year | 304,800 | 302,324 |
| Cash and due from banks at end of period | $329,003 | $256,038 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | $49,343 | $50,238 |
| Income taxes paid | $550 | $175 |
| Non-cash activities: | ||
| Income tax benefit (expense) related to other comprehensive income items | $(4,256) | $2,343 |
| Change in right-of-use asset obtained in exchange for lease liability | $(4,442) | $(1,873) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.