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
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Loans Receivable
Loans consisted of the following as of the dates indicated:
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (in thousands) | ||
| Real estate loans: | ||
| Commercial property | ||
| Retail | $1,109,097 | $1,068,978 |
| Hospitality | 845,275 | 848,134 |
| Office | 563,957 | 568,861 |
| Other (1) | 1,378,746 | 1,385,051 |
| Total commercial property loans | 3,897,075 | 3,871,024 |
| Construction | 78,576 | 78,598 |
| Residential (2) | 979,536 | 951,302 |
| Total real estate loans | 4,955,187 | 4,900,924 |
| Commercial and industrial loans | 854,406 | 863,431 |
| Equipment financing agreements | 472,596 | 487,022 |
| Loans receivable | 6,282,189 | 6,251,377 |
| Allowance for credit losses | (70,597) | (70,147) |
| Loans receivable, net | $6,211,592 | $6,181,230 |
(1)
Includes mixed-use, multifamily, industrial, gas stations, faith-based facilities, and medical; all other property types represent less than one percent of total loans receivable.
(2)
Includes$1.2 million and$1.3 million of home equity loans and lines, and$6.2 million and$4.1 million of personal loans at March 31, 2025 and December 31, 2024, respectively.
Accrued interest on loans was$20.3 million and$19.1 million at March 31, 2025 and December 31, 2024, respectively.
At March 31, 2025 and December 31, 2024, loans with carrying values of$2.44 billion and$2.46 billion, respectively, were pledged to secure advances from the FHLB.
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