HANMI FINANCIAL CORP
For the period ended Jun 30, 2025. Filed Aug 8, 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.
Jun 30, 2025 · Filed Aug 8, 2025
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Noninterest Income
The following table sets forth the various components of noninterest income for the periods indicated:
| Three Months Ended June 30, · Increase(Decrease) · Increase(Decrease) | ||||
|---|---|---|---|---|
| 2025 | 2024 | Amount | Percent | |
| (in thousands) | ||||
| Service charges on deposit accounts | $2,169 | $2,429 | $(260) | (10.70)% |
| Trade finance and other service charges and fees | 1,461 | 1,277 | 184 | 14.41 |
| Servicing income | 754 | 796 | (42) | (5.28) |
| Bank-owned life insurance income | 708 | 638 | 70 | 10.97 |
| All other operating income | 819 | 908 | (89) | (9.80) |
| Service charges, fees & other | 5,911 | 6,048 | (137) | (2.27) |
| Gain on sale of SBA loans | 2,160 | 1,644 | 516 | 31.39 |
| Gain on sale of residential mortgage loans | — | 365 | (365) | (100.00) |
| Total noninterest income | $8,071 | $8,057 | $14 | 0.17% |
For the three months ended June 30, 2025 and 2024, noninterest income was $8.1 million. A $0.5 million increase in gain on sale of SBA loans and a $0.2 million increase in trade finance and other service charges was offset by a $0.4 million decrease in gain on sale of residential mortgage loans and $0.3 million decrease in service charges on deposit accounts due to reductions in the number of transactions eligible for service charges.
During the second quarter of 2025, the Company sold $35.4 million of SBA loans, recognizing a net gain of $2.2 million. There were no residential mortgage loans sold during the second quarter of 2025. During the second quarter of 2024, the Company sold $19.5 million of residential loans, recognizing a net gain of $0.4 million, and sold $23.5 million of SBA loans, recognizing a net gain of $1.6 million. Trade premiums on SBA loan sales were 7.61% and 8.54% for the three months ended June 30, 2025 and 2024, respectively.
The following table sets forth the various components of noninterest income for the periods indicated:
| Six Months Ended June 30, · Increase(Decrease) · Increase(Decrease) | ||||
|---|---|---|---|---|
| 2025 | 2024 | Amount | Percent | |
| (in thousands) | ||||
| Service charges on deposit accounts | $4,387 | $4,878 | $(491) | (10.07)% |
| Trade finance and other service charges and fees | 2,858 | 2,691 | 167 | 6.21 |
| Servicing income | 1,486 | 1,508 | (22) | (1.46) |
| Bank-owned life insurance income | 1,017 | 942 | 75 | 7.96 |
| All other operating income | 1,712 | 1,837 | (125) | (6.80) |
| Service charges, fees & other | 11,460 | 11,856 | (396) | (3.34) |
| Gain on sale of SBA loans | 4,161 | 3,126 | 1,035 | 33.11 |
| Gain on sale of residential mortgage loans | 175 | 808 | (633) | (78.34) |
| Total noninterest income | $15,796 | $15,790 | $6 | 0.04% |
For the six months ended June 30, 2025 and 2024, noninterest income was $15.8 million. The $1.0 million increase in gain on sale of SBA loans and $0.2 million increase in trade finance and other service charges was offset by a $0.6 million decrease in gain on sale of residential mortgage loans and $0.5 million decrease in service charges on deposit accounts due to reductions in the number of transactions eligible for service charges.
During the six months ended June 30, 2025, the Company sold $10.0 million of residential mortgage loans, recognizing a gain of $0.2 million, and sold $67.6 million of SBA loans, recognizing a net gain of $4.2 million. During the six months ended June 30, 2024, the Company sold $49.2 million of residential loans, recognizing a net gain of $0.8 million, and sold $49.1 million of SBA loans, recognizing a net gain of $3.1 million. Trade premiums on SBA loans sales were 7.71% and 7.85% for the six months ended June 30, 2025 and 2024, respectively.
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