HANMI FINANCIAL CORP
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 2025
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Noninterest Expense
The following table sets forth the components of noninterest expense for the periods indicated:
| Three Months Ended September 30, · Increase(Decrease) · Increase(Decrease) | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · Amount · Percent | |||||
| (in thousands) | |||||
| Salaries and employee benefits | $22,163 | $20,851 | $1,312 | 6.29% | |
| Occupancy and equipment | 4,507 | 4,499 | 8 | 0.18 | |
| Data processing | 3,860 | 3,839 | 21 | 0.55 | |
| Professional fees | 1,978 | 1,492 | 486 | 32.57 | |
| Supplies and communications | 423 | 538 | (115) | (21.38) | |
| Advertising and promotion | 712 | 631 | 81 | 12.84 | |
| All other operating expenses | 3,665 | 2,875 | 790 | 27.48 | |
| Subtotal | 37,308 | 34,725 | 2,583 | 7.44 | |
| Other real estate owned (income) expense | 17 | 77 | (60) | N/M | |
| Repossessed personal property expense | 32 | 278 | (246) | (88.49) | |
| Total noninterest expense | $37,357 | $35,080 | $2,277 | 6.49% | |
For the three months ended September 30, 2025, noninterest expense was $37.4 million, an increase of $2.3 million, or 6.5%, compared with $35.1 million for the same period in 2024. The increase was mainly attributed to a $1.3 million increase in salaries and employee benefits, a $0.8 million increase in all other operating expenses, and a $0.5 million increase in professional fees, partially offset by a $0.2 million decrease in repossessed personal property expense and a $0.1 million decrease in supplies and communications. The increase in salaries and employee benefits was mainly attributed to increased wages, incentives and insurance benefit premiums. The increase in all other operating expenses was mainly due to a $0.8 million increase in loan and deposit-related expenses. The increase in professional fees was mainly attributed to a $0.5 million increase in legal fees and related expenses. The decrease in repossessed personal property expense was due to a decrease in losses on sale of repossessed equipment lease assets. The decrease in supplies and communication was due to one-time costs associated with branch closures in 2024 that did not recur in 2025.
The following table sets forth the components of noninterest expense for the periods indicated:
| Nine Months Ended September 30, · Increase(Decrease) · Increase(Decrease) | ||||
|---|---|---|---|---|
| 2025 | 2024 | Amount | Percent | |
| (in thousands) | ||||
| Salaries and employee benefits | $65,204 | $62,870 | $2,334 | 3.71% |
| Occupancy and equipment | 13,301 | 13,342 | (41) | (0.31) |
| Data processing | 11,374 | 11,076 | 298 | 2.69 |
| Professional fees | 5,171 | 5,134 | 37 | 0.72 |
| Supplies and communications | 1,455 | 1,710 | (255) | (14.91) |
| Advertising and promotion | 2,094 | 2,207 | (113) | (5.12) |
| All other operating expenses | 10,409 | 9,326 | 1,083 | 11.61 |
| Subtotal | 109,008 | 105,665 | 3,343 | 3.16 |
| Branch consolidation expense | — | 301 | (301) | N/M |
| Other real estate owned (income) expense | (403) | 105 | (508) | N/M |
| Repossessed personal property expense | 84 | 729 | (645) | (88.48) |
| Total noninterest expense | $108,689 | $106,800 | $1,889 | 1.77% |
For the nine months ended September 30, 2025, noninterest expense was $108.7 million, an increase of $1.9 million, or 1.8%, compared with $106.8 million for the same period in 2024. The increase was mainly attributed to a $2.3 million increase in salaries and employee benefits and a $0.3 million increase in data processing, partially offset by a $0.6 million decrease in repossessed personal property expense, and a $0.3 million decrease in supplies and communications. The increase in salaries and employee benefits was primarily due to an increase in annual merit raises and promotions. The increase in data processing was mainly due to an increase in software licenses and related costs. The decrease in repossessed personal property expense was due to a decrease in loss on sale of repossessed equipment lease assets. The decrease in other-real-estate-owned (income) expense was due to a $0.6 million gain on a sale of an other-real-estate-owned property in the second quarter of 2025. The decreases in branch consolidation expense and supplies and communications were due to costs associated with branch closures in 2024 that did not recur in 2025.
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