HANMI FINANCIAL CORP
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 2026
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Noninterest Expense
The following table sets forth the components of noninterest expense for the periods indicated:
| Three Months Ended March 31, · Increase(Decrease) · Increase(Decrease) | ||||
|---|---|---|---|---|
| 2026 | 2025 | Amount | Percent | |
| (in thousands) | ||||
| Salaries and employee benefits | $21,956 | $20,972 | $984 | 4.69% |
| Occupancy and equipment | 4,414 | 4,450 | (36) | (0.81) |
| Data processing | 4,386 | 3,787 | 599 | 15.82 |
| Professional fees | 2,780 | 1,468 | 1,312 | 89.37 |
| Supplies and communications | 556 | 517 | 39 | 7.54 |
| Advertising and promotion | 688 | 585 | 103 | 17.61 |
| All other operating expenses | 3,849 | 3,175 | 674 | 21.23 |
| Subtotal | 38,629 | 34,954 | 3,675 | 10.51 |
| Other real estate owned expense (income) | (345) | 41 | (386) | (941.46) |
| Repossessed personal property expense (income) | 84 | (11) | 95 | (863.64) |
| Total noninterest expense | $38,368 | $34,984 | $3,384 | 9.67% |
For the three months ended March 31, 2026, noninterest expense was $38.4 million, an increase of $3.4 million, or 9.7%, compared with $35.0 million for the same period in 2025. The increase was mainly attributed to a $1.3 million increase in professional fees, a $1.0 million increase in salaries and employee benefits, a $0.7 million increase in all other operating expenses, and a $0.6 million increase in data processing, partially offset by a $0.4 million reduction in other-real-estate-owned expense (income).
The $1.3 million increase in professional fees was due primarily to a $0.8 million increase in legal fees related to business activities and a $0.5 million increase in consulting and advisory fees for various corporate initiatives. The $1.0 million increase in salaries and employee benefits was due to merit increases and higher headcount. The $0.7 million increase in all other operating expenses was related to several administrative matters. The $0.6 million increase in data processing was due to higher software license and maintenance expenses and higher transaction processing fees. The $0.4 million decrease in other-real-estate-owned expense (income) was due primarily to a $0.9 million gain on the sales of two properties, partially offset by $0.3 million in property taxes paid for one of those properties at the time of sale during the first quarter of 2026.
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