HANMI FINANCIAL CORP
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed Aug 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Noninterest Expense
The following table sets forth the components of noninterest expense for the periods indicated:
| Three Months Ended June 30, · Increase(Decrease) · Increase(Decrease) | ||||
|---|---|---|---|---|
| 2026 | 2025 | Amount | Percent | |
| (dollars in thousands) | ||||
| Salaries and employee benefits | $22,784 | $22,069 | $715 | 3.24% |
| Occupancy and equipment | 4,383 | 4,344 | 39 | 0.90 |
| Data processing | 4,555 | 3,727 | 828 | 22.22 |
| Professional fees | 1,997 | 1,725 | 272 | 15.77 |
| Supplies and communications | 491 | 515 | (24) | (4.66) |
| Advertising and promotion | 679 | 798 | (119) | (14.91) |
| All other operating expenses | 4,103 | 3,567 | 536 | 15.03 |
| Subtotal | 38,992 | 36,745 | 2,247 | 6.12 |
| Other real estate owned expense (income) | 6 | (461) | 467 | (101.30) |
| Repossessed personal property expense | 41 | 63 | (22) | (34.92) |
| Total noninterest expense | $39,039 | $36,347 | $2,692 | 7.41% |
For the three months ended June 30, 2026, noninterest expense was $39.0 million, an increase of $2.7 million, or 7.4%, compared with $36.3 million for the same period in 2025. The increase was mainly attributed to a $0.8 million increase in data processing expense, a $0.7 million increase in salaries and employee benefits, a $0.5 million increase in all other operating expenses, and a $0.5 million increase in other-real-estate-owned expense.
The increase in data processing expense was primarily due to higher license and maintenance costs due to higher transaction volumes and increased vendor pricing. The increase in salaries and employee benefits was primarily due higher wages paid as a result of annual merit increases. The increase in all other operating expenses was primarily due to the resolution of an administrative matter. The increase in OREO expense was due to the absence of the 2025 second-quarter gain on the sale of an OREO property.
| Six Months Ended June 30, · Increase(Decrease) · Increase(Decrease) | ||||
|---|---|---|---|---|
| 2026 | 2025 | Amount | Percent | |
| (dollars in thousands) | ||||
| Salaries and employee benefits | $44,740 | $43,041 | $1,699 | 3.95% |
| Occupancy and equipment | 8,797 | 8,794 | 3 | 0.03 |
| Data processing | 8,941 | 7,514 | 1,427 | 18.99 |
| Professional fees | 4,777 | 3,194 | 1,583 | 49.56 |
| Supplies and communications | 1,047 | 1,031 | 16 | 1.55 |
| Advertising and promotion | 1,368 | 1,382 | (14) | (1.01) |
| All other operating expenses | 7,951 | 6,742 | 1,209 | 17.93 |
| Subtotal | 77,621 | 71,698 | 5,923 | 8.26 |
| Other real estate owned income | (339) | (420) | 81 | (19.29) |
| Repossessed personal property expense | 125 | 52 | 73 | 140.38 |
| Total noninterest expense | $77,407 | $71,330 | $6,077 | 8.52% |
For the six months ended June 30, 2026, noninterest expense was $77.4 million, an increase of $6.1 million, or 8.5%, compared with $71.3 million for the same period in 2025. The increase was mainly attributed to a $1.7 million increase in salaries and employee benefits, a $1.6 million increase in professional fees, a $1.4 million increase in data processing expense, and a $1.2 million increase in all other operating expenses.
The increase in salaries and employee benefits was due primarily to higher employee wages due to annual merit increases, which resulted in higher payroll taxes and higher 401(k) expense. The increase in professional fees was due to higher legal and consulting fees. The increase in data processing expense was due to higher license and maintenance expense, as well as higher transaction volumes. The increase in all other operating expenses was primarily due to the resolution of administrative matters, as well as higher loan-related expense due to the payment of delinquent property taxes on a nonaccrual loan.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.