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
Extracted filing text, with the paragraph anchors used by the comparison.
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Loans Receivable
As of March 31, 2025 and December 31, 2024, loans receivable (excluding loans held for sale), net of deferred loan fees and costs, discounts and allowance for credit losses, were $6.21 billion and $6.18 billion, respectively. For the three months ended March 31, 2025, there was $345.9 million in new loan production, which included $11.0 million in SBA loan purchases, offset partially by $167.2 million in loan sales and payoffs, and amortization and other reductions of $144.6 million. Loan production consisted of commercial real estate loans of $146.6 million, residential mortgages of $55.0 million, commercial and industrial loans of $42.3 million, equipment financing agreements of $46.7 million and SBA loans of $55.2 million.
The table below shows the maturity distribution of outstanding loans, before the allowance for credit losses as of March 31, 2025. In addition, the table shows the distribution of such loans between those with floating or variable interest rates and those with fixed or predetermined interest rates.
| Within OneYear | After OneYear butWithinThreeYears | After ThreeYears butWithinFiveYears | After FiveYears butWithinFifteenYears | AfterFifteenYears | Total | |
|---|---|---|---|---|---|---|
| (in thousands) | ||||||
| Real estate loans: | ||||||
| Commercial property | ||||||
| Retail | $164,861 | $311,358 | $419,769 | $139,602 | $73,507 | $1,109,097 |
| Hospitality | 161,280 | 294,662 | 326,853 | 45,392 | 17,088 | 845,275 |
| Office | 236,716 | 268,414 | 41,235 | 11,885 | 5,707 | 563,957 |
| Other | 305,131 | 509,855 | 393,206 | 130,277 | 40,277 | 1,378,746 |
| Total commercial property loans | 867,988 | 1,384,289 | 1,181,063 | 327,156 | 136,579 | 3,897,075 |
| Construction | 74,582 | 3,994 | — | — | — | 78,576 |
| Residential | 6,137 | 23 | 223 | 4,354 | 968,799 | 979,536 |
| Total real estate loans | 948,707 | 1,388,306 | 1,181,286 | 331,510 | 1,105,378 | 4,955,187 |
| Commercial and industrial loans | 330,782 | 199,166 | 145,498 | 178,960 | — | 854,406 |
| Equipment financing agreements | 32,589 | 227,601 | 197,539 | 14,867 | — | 472,596 |
| Loans receivable | $1,312,078 | $1,815,073 | $1,524,323 | $525,337 | $1,105,378 | $6,282,189 |
| Loans with predetermined interest rates | 693,056 | 1,216,833 | 649,049 | 30,374 | 265,735 | 2,855,047 |
| Loans with variable interest rates | 619,022 | 598,240 | 875,274 | 494,963 | 839,643 | 3,427,142 |
The table below shows the maturity distribution of outstanding loans, before the allowance for credit losses, with fixed or predetermined interest rates, as of March 31, 2025.
| Within OneYear | After OneYear butWithin ThreeYears | After ThreeYears butWithin FiveYears | After FiveYears butWithinFifteenYears | AfterFifteenYears | Total | |
|---|---|---|---|---|---|---|
| (in thousands) | ||||||
| Real estate loans: | ||||||
| Commercial property | ||||||
| Retail | $138,188 | $263,738 | $191,794 | $25 | $576 | $594,321 |
| Hospitality | 48,844 | 161,542 | 104,587 | — | 215 | 315,188 |
| Office | 129,078 | 215,531 | 14,039 | — | — | 358,648 |
| Other | 234,666 | 337,801 | 128,910 | 7,647 | 3,268 | 712,292 |
| Total commercial property loans | 550,776 | 978,612 | 439,330 | 7,672 | 4,059 | 1,980,449 |
| Construction | — | — | — | — | — | — |
| Residential | 1,467 | 23 | 21 | 2,255 | 261,676 | 265,442 |
| Total real estate loans | 552,243 | 978,635 | 439,351 | 9,927 | 265,735 | 2,245,891 |
| Commercial and industrial loans | 108,223 | 10,597 | 12,159 | 5,580 | — | 136,559 |
| Equipment financing agreements | 32,590 | 227,601 | 197,539 | 14,867 | — | 472,597 |
| Loans receivable | $693,056 | $1,216,833 | $649,049 | $30,374 | $265,735 | $2,855,047 |
The table below shows the maturity distribution of outstanding loans, before the allowance for credit losses, with floating or variable interest rates (including floating, adjustable and hybrids), as of March 31, 2025.
| Within OneYear | After OneYear butWithin ThreeYears | After ThreeYears butWithin FiveYears | After FiveYears butWithinFifteenYears | AfterFifteenYears | Total | |
|---|---|---|---|---|---|---|
| (in thousands) | ||||||
| Real estate loans: | ||||||
| Commercial property | ||||||
| Retail | $26,672 | $47,620 | $227,975 | $139,577 | $72,932 | $514,776 |
| Hospitality | 112,436 | 133,120 | 222,266 | 45,392 | 16,873 | 530,087 |
| Office | 107,638 | 52,883 | 27,196 | 11,885 | 5,707 | 205,309 |
| Other | 70,465 | 172,054 | 264,296 | 122,631 | 37,009 | 666,455 |
| Total commercial property loans | 317,211 | 405,677 | 741,733 | 319,485 | 132,521 | 1,916,627 |
| Construction | 74,582 | 3,993 | — | — | — | 78,575 |
| Residential | 4,670 | — | 201 | 2,099 | 707,122 | 714,092 |
| Total real estate loans | 396,463 | 409,670 | 741,934 | 321,584 | 839,643 | 2,709,294 |
| Commercial and industrial loans | 222,559 | 188,570 | 133,340 | 173,379 | — | 717,848 |
| Loans receivable | $619,022 | $598,240 | $875,274 | $494,963 | $839,643 | $3,427,142 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.