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 Income
The following table sets forth the various components of noninterest income for the periods indicated:
| Three Months Ended September 30, · Increase(Decrease) · Increase(Decrease) | ||||
|---|---|---|---|---|
| 2025 | 2024 | Amount | Percent | |
| (in thousands) | ||||
| Service charges on deposit accounts | $2,160 | $2,311 | $(151) | (6.53)% |
| Trade finance and other service charges and fees | 1,551 | 1,254 | 297 | 23.68 |
| Servicing income | 924 | 817 | 107 | 13.10 |
| Bank-owned life insurance income | 1,259 | 320 | 939 | 293.44 |
| All other operating income | 973 | 1,008 | (35) | (3.47) |
| Service charges, fees & other | 6,867 | 5,710 | 1,157 | 20.26 |
| Gain on sale of SBA loans | 1,857 | 1,544 | 313 | 20.27 |
| Gain on sale of residential mortgage loans | 1,156 | 324 | 832 | 256.79 |
| Gain on sale of bank premises | — | 860 | (860) | (100.00) |
| Total noninterest income | $9,880 | $8,438 | $1,442 | 17.09% |
For the three months ended September 30, 2025 and 2024, noninterest income was $9.9 million, an increase of $1.4 million compared to the third quarter of 2024. The increase was primarily due to a $0.9 million increase in bank-owned life insurance income as a result of death benefit claims in the third quarter of 2025, a $0.8 million increase in gain on sale of residential mortgage loans, a $0.3 million increase in trade finance and other service charges and fees and a $0.3 million increase in gain on sale of SBA loans. These increases were partially offset by a $0.9 million gain on sale of bank premises in the third quarter of 2024 that did not recur in 2025.
During the third quarter of 2025, the Company sold $67.8 million of residential mortgage loans, recognizing a net gain of $1.2 million and sold $32.6 million of SBA loans, recognizing a net gain of $1.9 million. During the third quarter of 2024, the Company sold $20.9 million of residential loans, recognizing a net gain of $0.3 million, and sold $23.0 million of SBA loans, recognizing a net gain of $1.5 million. Trade premiums on SBA loan sales were 6.95% and 8.54% for the three months ended
September 30, 2025 and 2024, respectively. Premiums on residential mortgage loan sales were 2.50% and 2.32% for the three months ended September 30, 2025 and 2024, respectively.
The following table sets forth the various components of noninterest income for the periods indicated:
| Nine Months Ended September 30, · Increase(Decrease) · Increase(Decrease) | ||||
|---|---|---|---|---|
| 2025 | 2024 | Amount | Percent | |
| (in thousands) | ||||
| Service charges on deposit accounts | $6,546 | $7,189 | $(643) | (8.94)% |
| Trade finance and other service charges and fees | 4,409 | 3,945 | 464 | 11.76 |
| Servicing income | 2,410 | 2,325 | 85 | 3.66 |
| Bank-owned life insurance income | 2,276 | 1,262 | 1,014 | 80.35 |
| All other operating income | 2,686 | 2,846 | (160) | (5.62) |
| Service charges, fees & other | 18,327 | 17,567 | 760 | 4.33 |
| Gain on sale of SBA loans | 6,018 | 4,669 | 1,349 | 28.89 |
| Gain on sale of residential mortgage loans | 1,331 | 1,132 | 199 | 17.58 |
| Gain on sale of bank premises | — | 860 | (860) | (100.00) |
| Total noninterest income | $25,676 | $24,228 | $1,448 | 5.98% |
For the nine months ended September 30, 2025 and 2024, noninterest income was $25.7 million and $24.2 million, respectively. The $1.3 million increase in gain on sale of SBA loans and $1.0 million increase in bank-owned life insurance income was offset by a $0.9 million decrease in gain on sale of bank premises and a $0.6 million decrease in service charges on deposit accounts. The increase in bank-owned life insurance income is due to a $1.0 million increases in death benefits. The decrease in gain on sale of bank premises was due to a $0.9 million gain on a branch sale in 2024 that did not recur in 2025. The decrease in service charges on deposit accounts was due to reductions in the number of transactions eligible for service charges.
During the nine months ended September 30, 2025, the Company sold $77.9 million of residential mortgage loans, recognizing a gain of $1.3 million, and sold $100.2 million of SBA loans, recognizing a net gain of $6.0 million. During the nine months ended September 30, 2024, the Company sold $70.0 million of residential loans, recognizing a net gain of $1.1 million, and sold $72.1 million of SBA loans, recognizing a net gain of $4.7 million. Trade premiums on SBA loans sales were 7.46% and 8.07% for the nine months ended September 30, 2025 and 2024, respectively. Premiums on residential mortgage loan sales were 2.43% and 2.21% for the nine months ended September 30, 2025 and 2024, respectively.
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