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Hanmi Earns $4.2 Million and Reports Earnings per Share of $0.03 in 3Q11
Improving Credit Metrics, Higher Net Interest Margin, and Better Efficiency Contribute to Profits

LOS ANGELES, Oct 20, 2011 (GlobeNewswire via COMTEX) --

Hanmi Financial Corporation (Nasdaq:HAFC), the holding company for Hanmi Bank (the "Bank"), today reported net income of $4.2 million, or $0.03 per diluted common share, for the third quarter of 2011. Hanmi's performance marks the fourth consecutive profitable quarter following the $8.0 million, or $0.05 per diluted common share, earned in the second quarter of 2011. In the first nine months of 2011, Hanmi earned $22.6 million, or $0.15 per diluted common share, compared to a loss of $93.3 million, or $1.24 per common share, in the first nine months of 2010.

"Hanmi's continuing profitability in the third quarter further demonstrates the strength of our core franchise and sustainable improvements in the overall condition of the Bank," said Jay S. Yoo, President and Chief Executive Officer. "Improvements in key asset quality measures, liquidation of problem assets, and contributions from SBA loans and investment sales highlight the third quarter profitable results."

  Hanmi Financial 2011
   Quarterly Financial
   Highlights                           For the Three Months Ended

  (Dollars in Thousands)          9/30/2011     6/30/2011     9/30/2010
                                 ------------  ------------  ------------
  Net income                          $ 4,203       $ 8,001    $ (14,577)
  Net income per diluted common
   share                               $ 0.03        $ 0.05      $ (0.12)

  Total assets                    $ 2,686,570   $ 2,710,835   $ 2,968,505
  Total net loans                 $ 1,928,735   $ 2,003,669   $ 2,218,228
  Total deposits                  $ 2,353,169   $ 2,398,375   $ 2,527,386

  Net interest margin                   3.75%         3.65%         3.49%
  Efficiency ratio                     60.55%        72.67%        75.38%

  Tangible common equity per
   common share                        $ 1.33        $ 1.30        $ 1.13

  Non-performing assets              $ 95,792     $ 168,442     $ 215,306
  Non-performing Assets/Total
   assets                               3.57%         6.21%         7.25%
  Allowance for loan
   losses/Total gross loans             4.97%         5.16%         7.35%
  Allowance for loan
   losses/Total non-performing
   loans                              105.54%        65.25%        90.41%

  Hanmi Bank
  Tier 1 risk-based capital            13.42%        12.72%        10.28%
  Total risk-based capital             14.71%        14.02%        11.61%
  Tangible equity/Tangible
   assets                              10.63%        10.33%         8.37%


Third Quarter of 2011 Highlights (at or for the period ended September 30, 2011)

  --  Substantial improvements in asset quality including a reduction in
      non-performing assets (NPAs), delinquent loans, and charge-offs


  --  NPAs declined 55.5% year-over-year to $95.8 million, or 3.57% of total
      assets, from $215.3 million, or 7.25% of total assets in the third
      quarter of 2010. NPAs decreased by $72.7 million, or 43.1%, from the
      immediately preceding quarter, reflecting success in selling
      non-performing loans and slowing migration of new nonaccrual loans.
  --  Delinquent loans, which are 30 to 89 days past due and still accruing,
      were $16.5 million, up from $15.6 million, or 5.3%, in the immediately
      preceding quarter, and down from $23.9 million a year ago, or 31.1%, a
      year ago.
  --  Total net charge-offs declined to $15.5 million from $16.5 million, or
      6.0%, in the second quarter of 2011, and down from $21.3 million, or
      27.2%, in the third quarter of 2010.


  --  All capital ratios improved from prior quarter and continues to be
      considered "well-capitalized" for regulatory purposes


  --  The Bank's tangible common equity to tangible assets ratio at September
      30, 2011 was 10.63%, which well exceeds the 9.5% requirement set forth
      in the Final Order issued to the Bank by the California Department of
      Financial Institutions (CDFI)


  --  Sustainable profitability with a positive trend on efficiency and net
      interest margin


  --  Net income for the third quarter of 2011 totaled $4.2 million, or $0.03
      per diluted common share, and earnings for the first nine months of 2011
      was $22.6 million, or $0.15 per diluted common share.
  --  Net interest margin (NIM) was 3.75% in the third quarter of 2011, up 10
      basis points from 3.65% in the immediately preceding quarter and up 26
      basis points from 3.49% in the third quarter of 2010.
  --  Efficiency ratio improved to 60.6% this quarter as compared to 72.7% in
      the immediately preceding quarter and 75.4% in the third quarter of
      2010.


Capital Management

"We are continuing to reevaluate the adequacy of our capital given the level and nature of the risks to which we are exposed. Despite volatile financial markets and economic headwinds, improving asset quality and stronger capital levels allow us time to properly evaluate options that maximize shareholder value," said Yoo. The following table shows the Bank's capital ratios:


  Capital ratio           3Q2011  2Q2011  3Q2010
  ----------------------  ------  ------  ------
  Total risk-based        14.71%  14.02%  11.61%
  Tier 1 risk-based       13.42%  12.72%  10.28%
  Tier 1 leverage         10.41%   9.70%   8.26%
  Tangible common equity  10.63%  10.33%   8.37%


All of the Bank's capital ratios were above the minimum regulatory standards for being considered to be "well-capitalized" for regulatory purposes. The Bank's tangible common equity to tangible assets ratio of 10.63% at September 30, 2011, well exceeds the 9.5% requirement set forth in the Final Order issued to the Bank by the CDFI.

Asset Quality

NPLs declined 42.8% to $95.5 million at September 30, 2011, down from $167.1 million at June 30, 2011, and $194.7 million at September 30, 2010. Of the NPLs, non-performers current on payments were $50.4 million, or 52.8%, compared to $85.6 million or 51.2% at June 30, 2011 and $33.4 million or 17.2% at September 30, 2010. In addition, $17.5 million, or 18.3% of the NPLs, were recorded at the lower of cost or fair value as they were classified as held for sale. Out of the NPLs, $12.5 million is guaranteed by the Small Business Administration (SBA) and the State of California.

The following table shows NPLs by loan category:


 Total Non-Performing Loans
 --------------------------------------------------------------------------------------------------------

                                         % of               % of                % of               % of
                                        Total              Total               Total              Total
 (Dollars in Thousands)      9/30/2011    NPL   6/30/2011    NPL   12/31/2010    NPL   9/30/2010    NPL
 --------------------------------------------------------------------------------------------------------

 Real Estate Loans:
                            -----------        -----------        ------------
  Commercial Property
   Retail                        13,273   13.9%     14,335    8.6%      10,998    6.5%     17,308    8.9%
   Land                           2,723    2.9%     25,184   15.1%      26,808   15.9%     29,701   15.3%
   Other                          6,844    7.2%      4,613    2.8%      10,131    6.0%     13,794    7.1%
  Construction                    6,142    6.4%     12,298    7.4%      19,097   11.3%      9,338    4.8%
  Residential Property            1,464    1.5%      1,726    1.0%       1,926    1.1%      1,957    1.0%

 Commercial & Industrial Loans:
  Commercial Term
   Unsecured                     10,395   10.9%     10,758    6.4%      17,065   10.1%     18,565    9.5%
   Secured by Real Estate        29,667   31.1%     60,053   35.9%      45,946   27.2%     70,564   36.2%
  Commercial Lines of Credit      2,222    2.3%      2,905    1.7%       2,798    1.7%      3,692    1.9%
  SBA                            21,673   22.7%     31,163   18.6%      33,085   19.6%     28,632   14.7%
  International Loans                                3,243    1.9%         127    0.1%        540    0.3%


 Consumer Loans                   1,100    1.2%        824    0.5%       1,047    0.6%        638    0.3%
 --------------------------------------------------------------------------------------------------------

 TOTAL NPL (1)                   95,503  100.0%    167,102  100.0%     169,028  100.0%    194,729  100.0%
 --------------------------------------------------------------------------------------------------------


 ---------------------------
 (1) Includes loans held for sale of $17.5 million, $22.6 million, $26.6 million and $10.7 million as of
  September 30, 2011, June 30, 2011, December 31, 2010 and September 30, 2010, respectively.


"NPLs declined significantly in the third quarter, as we continued to proactively sell loans and move delinquent loans through the collection process," said J.H. Son, Executive Vice President and Chief Credit Officer. "We completed $30.6 million in non-performing loan sales and a $19.2 million short sale, despite what has been a pretty soft market. We were able to accomplish this goal with small tranche sales which helped to improve overall returns."

The sale of other real estate owned (OREO) continued during the third quarter, with five properties valued at $2.2 million resulting in an $82,000 net gain. In the first nine months of 2011, Hanmi sold thirteen properties valued at $6.7 million resulting in a net loss of $599,000. OREO totaled $289,000 at September 30, 2011, down from $1.3 million at June 30, 2011, and down from $20.6 million at September 30, 2010.

"Loans that are less than 90 days delinquent increased minimally in the third quarter of 2011, reflecting more stable levels for the past two quarters," Son said. Delinquent loans, 30-89 past due and still accruing interest, which are not included in NPLs, totaled $16.5 million, or 0.81% of gross loans at September 30, 2011, a marginal increase from $15.6 million, or 0.74% of gross loans at June 30, 2011.

The following table shows delinquent loans, 30-89 past due and still accruing interest, by loan category:


  Delinquent Loans (30 to 89 days past due and still accruing interest)
  ------------------------------------------------------------------------------------------------------

                                         % of               % of                % of               % of
  (Dollars in Thousands)     9/30/2011   Total  6/30/2011   Total  12/31/2010   Total  9/30/2010   Total
  -------------------------  ---------  ------  ---------  ------  ----------  ------  ---------  ------
  Real Estate Loans:
   Commercial Property
    Retail                       3,975   24.1%                                               381    1.6%
    Land
    Other                          766    4.7%      4,082   26.1%
   Construction                                                         4,894   22.8%      8,713
   Residential Property          1,763   10.7%      2,778   17.8%         522    2.4%        261    1.1%

  Commercial & Industrial
   Loans:
   Commercial Term
    Unsecured                      764    4.6%      2,079   13.3%       3,620   16.9%      2,494   10.4%
    Secured by Real Estate       4,523   27.5%      4,625   29.6%       7,251   33.8%      6,087   25.5%
   Commercial Lines of
    Credit                         300    1.8%                            160    0.7%        294    1.2%
   SBA                           4,045   24.6%      1,412    9.0%       4,381   20.4%      4,929   20.6%
   International Loans                                 99    0.6%


  Consumer Loans                   337    2.0%        569    3.6%         629    2.9%        737    3.1%
  -------------------------  ---------  ------  ---------  ------  ----------  ------  ---------  ------

  TOTAL (1)                     16,473  100.0%     15,644  100.0%      21,457  100.0%     23,896  100.0%
  -------------------------  ---------  ------  ---------  ------  ----------  ------  ---------  ------


  -------------------------
  (1) Includes loans held for sale of $369,000 as of September 30, 2010.


The following table shows Hanmi's credit quality trends since the third quarter of 2007:


  Credit Quality Trends (Dollars in Thousands)
  --------------------------------------------------------------------

                                                 30-89
                                                  Days
                                      Allowance   Past
                                         for      Due
              Provision                  Loan     to    Non-performing
                 for                  Losses to  Gross     Assets to
               Credit        Net        Gross    Loans       Total
               Losses    Charge-offs  Loans (%)   (%)     Assets (%)
  ----------  ---------  -----------  ---------  -----  --------------
   9/30/2011      8,100       15,506       4.97   0.81            3.57
   6/30/2011         --       16,501       5.16   0.74            6.21
   3/31/2011         --       21,555       5.79   0.95            5.36
  12/31/2010      5,000       35,249       6.44   0.95            5.95
   9/30/2010     22,000       21,304       7.35   1.00            7.25
   6/30/2010     37,500       38,946       7.06   0.87            9.13
   3/31/2010     57,996       26,393       6.63   2.56            9.43
  12/31/2009     77,000       57,312       5.14   1.46            7.76
   9/30/2009     49,500       29,875       4.19   0.96            5.83
   6/30/2009     23,934       23,597       3.33   1.51            5.20
   3/31/2009     45,953       11,813       3.16   1.45            4.04
  12/31/2008     25,450       18,622       2.11   1.23            3.14
   9/30/2008     13,176       11,831       1.91   0.68            3.04
   6/30/2008     19,229        8,220       1.88   0.94            2.91
   3/31/2008     17,821        7,297       1.60   0.73            2.25
  12/31/2007     20,704       11,628       1.33   0.61            1.37

   9/30/2007      8,464        6,084       1.07   0.52            1.12
  ----------  ---------  -----------  ---------  -----  --------------


One of the factors that have contributed to the improvement of asset quality is the on-going program for NPLs. During the third quarter of 2011, Hanmi sold 26 NPLs valued at $30.6 million for net proceeds of $27.5 million. In the first nine months of 2011, it sold 66 loans with net proceeds of $73.1 million. At September 30, 2011, loans held for sale (LHFS) totaled $37.2 million, a reduction of $6.9 million, or 15.7%, from $44.1 million at June 30, 2011, and an increase of 1.60%, from $36.6 million at December 31, 2010. As illustrated in the above table, Hanmi's NPAs to total assets peaked at March 31, 2010 at 9.43% and has improved to 3.57% at September 30, 2011.

The following table presents the details of loans held for sale:


  Loans Held for Sale
  --------------------------------------------------------------------------------------------------------------------

                                                                %                             %
  (Dollars in Thousands)    9/30/2011  6/30/2011   $ Change  Change  12/31/2010  $ Change  Change  9/30/2010  $ Change
  ------------------------  ---------  ---------  ---------  ------  ----------  --------  ------  ---------  --------
  Real Estate Loans:
   Commercial Property
     Retail                     6,152                                                                  1,939     4,213
     Land                                                                 1,082   (1,082)
     Other                      3,545        708      2,837               1,177     2,368                227     3,318
   Construction                                                           1,406   (1,406)
   Residential Property                      266

  Commercial & Industrial
   Loans:
   Commercial Term
     Unsecured                                                                                           144     (144)
     Secured by Real
      Estate                    7,382     12,857    (5,475)  -42.6%      14,893   (7,511)  -50.4%      1,697     5,685

   SBA                         20,123     30,274   (10,151)  -33.5%      18,062     2,061   11.4%      6,653    13,470
  ------------------------  ---------  ---------  ---------  ------  ----------  --------  ------  ---------  --------

  TOTAL                        37,202     44,105   (12,789)  -15.7%      36,620   (5,570)    1.6%     10,660    26,542
  ------------------------  ---------  ---------  ---------  ------  ----------  --------  ------  ---------  --------


At September 30, 2011, the allowance for loan losses was $100.8 million or 4.97% of gross loans. The allowance for loan losses to loans peaked in September of 2010 at 7.35%, and has steadily declined over the past few quarters as credit metrics improved. The ratio of allowance for loan losses to non-performing loans at September 30, 2011, improved to 105.5% compared to 65.3% at June 30, 2011. Third quarter charge-offs, net of recoveries, were $15.5 million in the third quarter of 2011, compared to $16.5 million in the second quarter of 2011 and $21.3 million in the third quarter of 2010.

Hanmi established a provision for credit losses of $8.1 million for the third quarter of 2011. The provision related predominantly to additional provisions for impaired loans and an increase in the historical loss factor in the commercial line of credit pool. Of the total $8.1 million of provision for credit losses, $831,000 was allocated to cover off-balance sheet items, bringing the allowance for off-balance sheet items total to $3.2 million. Hanmi recorded a provision for credit losses of $22.0 million and $117.5 million in the third quarter and first nine months of 2010, respectively. With the improvement in overall credit metrics, provision expense was $8.1 million in the first nine months of 2011. This assessment also takes into account many factors, including net loan charge-offs, non-accrual loans, specific allowance for loan losses, risk-rating migration and changes in the portfolio composition and size.

Balance Sheet

Total assets decreased to $2.69 billion at September 30, 2011, down 0.9% from $2.71 billion at June 30, 2011, and down 9.5% from $2.97 billion at September 30, 2010.

Gross loans, net of deferred loan fees, totaled $2.03 billion at September 30, 2011, down 3.9% from $2.11 billion at June 30, 2011, and down 15.2% from $2.39 billion at September 30, 2010. Average gross loans, net of deferred loan fees, decreased to $2.08 billion for the third quarter of 2011, down 2.8% from $2.14 billion for the second quarter of 2011, and down 15.4% from $2.46 billion for the third quarter of 2010. The slight decline in loan balance in the third quarter this year reflects continued progress in reducing the number of problem loans, partially offset by new loans originated and a lower level of charge-offs made in the quarter.

In the third quarter of 2011, the Hanmi's total investment portfolio increased $24.7 million with $118.6 million of new purchases yielding on average 2.81% and averaging 4.9 years in duration. In addition there was $583,000 of positive fair value adjustment, partially offset by the calling of $49.8 million of bonds, the sale of $25.2 million of securities, the payment of $15.6 million in principal, and the maturation of $3.0 million of securities. The $25.2 million of securities sold had a weighted yield to maturity of 2.41% and a weighted modified duration of 4.20 years.

The average investment securities portfolio increased substantially to $394.4 million for the third quarter of 2011, up 76%, from $223.7 million for the third quarter a year ago. At September 30, 2011, the investment portfolio totaled $415.7 million, which is an increase of 6.3%, or $24.7 million, from the second quarter of 2011. "In September, the Federal Reserve announced plans to reduce long-term interest rates through the purchase of long-term bonds through its Operation Twist initiative," said Lonny Robinson, Executive Vice President and Chief Financial Officer. "In anticipation of a flattening yield curve, we are implementing a barbell investment strategy by purchasing a mix of high quality notes and bonds, thereby increasing returns on our investment portfolio."

Including secured off-balance sheet lines of credit, total available liquidity to Hanmi was $912 million at September 30, 2011, representing 33.9% of total assets and 38.7% of total deposits.

Average deposits declined 1.8% to $2.38 billion for the third quarter of 2011 compared to $2.43 billion for the immediately preceding quarter, and declined 6.9% from $2.56 billion for the third quarter a year ago. This year-over-year reduction in average deposits was almost entirely due to the successful strategy of reducing time deposits, particularly high-cost promotional CDs and funds raised from rate listing services.

The improved deposit mix resulting from our new marketing campaign and renewed loan production efforts, contributed to lower interest costs. "With our new ongoing marketing campaign and proactive loan production efforts, we are continuing to rebuild our core deposit base. Core deposits, which are total deposits less time deposits equal to or greater than $100,000, now account for 64.6% of total deposits, up from, 55.4% a year ago," said Robinson.

Total deposits decreased by 1.9% from the immediately preceding quarter and decreased 6.9% from a year ago. Both the quarterly and annual decline in total deposits was primarily due to reductions in time deposits equal to or greater than $100,000, including a $45.7 million, or 5.2% decrease for the third quarter of 2011, and $293.6 million, or 25.5% decrease year-over-year. Total deposits were $2.35 billion at September 30, 2011, compared to $2.40 billion at June 30, 2011, and $2.53 billion at September 30, 2010. There are no brokered deposits in the deposit mix at quarter-end.

Results of Operations

Net interest income, before the provision for credit losses, totaled $25.2 million for the third quarter of 2011, and $76.7 million for the first nine months of 2011, down 1.2% in the quarter and 4.0% year-over-year. Interest and dividend income was down 2.9% in the third quarter of 2011 while interest expense fell 8.8%. Year to date, interest and dividend income was down 10.7% and interest expense fell 28.6%.

The average yield on the loan portfolio improved 11 basis points to 5.60% in the third quarter of 2011 compared to 5.49% in the second quarter of 2011, and was up 16 basis points from 5.44% in the third quarter of 2010. Because interest recovery on loans that have been returned to accrual status exceeded interest reversal on loans in non-accrual status, the yield increased in the third quarter of 2011 compared to the immediately preceding quarter. The average yield on loans for the first nine months of 2011 increased 20 basis points to 5.57% from 5.37% for the first nine months of 2010.

The cost of average interest-bearing deposits in the third quarter of 2011 was down 7 basis points to 1.28% from 1.35% in the immediately preceding quarter and down 37 basis points from 1.65% in the third quarter of 2010. Year-to-date, the cost of deposits was down 39 basis points to 1.36% from 1.75% for the first nine months of 2010. As a result, NIM increased 10 basis points to 3.75% for the third quarter of 2011 compared to 3.65% for the second quarter of 2011, and was up 26 basis points from 3.49% for the third quarter of 2010. For the first nine months of 2011, NIM increased 11 basis points to 3.69% from 3.58% for the first nine months of 2010. "We have approximately $337 million in promotional CDs with a weighted average rate of 1.8% maturing over the next six months, of which $250 million will mature in March 2012. As we replace these promotional deposits with lower-cost deposits, we anticipate further margin improvement," said Robinson.

Non-interest income in the third quarter of 2011 was $5.98 million, down 0.6% from $6.02 million in the second quarter of 2011, and up 5.4% from $5.7 million in the third quarter of 2010. For the first nine months of 2011, non-interest income dropped 9.6% to $17.5 million from $19.4 million for the first nine months of 2010. The year-over-year decline in non-interest income is due to decreased service charges on deposit accounts and net loss on sales of loans, partially offset by an increase in gain on sales of investment securities. Service charges on deposit accounts decreased to $9.6 million for the first nine months of 2011 compared to $10.8 million for the first nine months of 2010, reflecting a decrease in non-sufficient funds service charges, due to better balance management by customers and regulatory reforms on these fees. For the first nine months of 2011, Hanmi recognized a $1.9 million loss from the sale of loans which consisted of $2.9 million of impairment adjustments and $569,000 of direct losses from NPL sales, partially offset by $1.6 million of gains from sales of SBA loans. For the first nine months of 2011, Hanmi posted a net gain on sales of investment securities of $1.6 million compared to a gain of $117,000 in the first nine months of 2010.

Non-interest expense in the third quarter of 2011 decreased 17.6% to $18.9 million from $22.9 million in the immediately preceding quarter and was down 21.7% from $24.1 million in the third quarter a year ago. For the first nine months of 2011, non-interest expense decreased 16.3% to $62.8 million from $75.1 million in the first nine months of 2010. The notable year-over-year improvements were primarily attributable to lower OREO expenses, FDIC deposit insurance assessments and other regulatory costs, partially offset by $2.2 million in expenses associated with the unconsummated capital raising efforts.

Consequently, efficiency ratio improved to 60.6% this quarter as compared to 72.7% in the immediately preceding quarter and 75.4% in the third quarter of 2010. The efficiency ratio for the first nine months of 2011 showed substantial improvement to 66.6% as compared to 75.6% in the first nine months of 2010.

Conference Call Information

Management will host a conference call today at 1:30 p.m. Pacific Time (4:30 p.m. ET) to discuss these results. This call will also be broadcast live via the internet. Investment professionals and all current and prospective shareholders are invited to access the live call by dialing (617) 213-8857 at 1:30 p.m. Pacific Time, using access code HANMI. To listen to the call online, either live or archived, visit the Investor Relations page of Hanmi's website at www.hanmi.com. Shortly after the call concludes, the replay will also be available at (617) 801-6888, using access code #63388247 where it will be archived until November 11, 2011.

About Hanmi Financial Corporation

Headquartered in Los Angeles, Hanmi Bank, a wholly-owned subsidiary of Hanmi Financial Corporation, provides services to the multi-ethnic communities of California, with 27 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and a loan production office in Washington State. Hanmi Bank specializes in commercial, SBA and trade finance lending, and is a recognized community leader. Hanmi Bank's mission is to provide a full range of quality products and premier services to its customers and to maximize shareholder value. Additional information is available at www.hanmi.com.

Forward-Looking Statements

This press release contains forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. All statements other than statements of historical fact are "forward --looking statements" for purposes of federal and state securities laws, including, but not limited to, statements about anticipated future operating and financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs and availability, plans and objectives of management for future operations, developments regarding our capital plans and other similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statement. These factors include the following: inability to continue as a going concern; inability to raise additional capital on acceptable terms or at all; failure to maintain adequate levels of capital and liquidity to support our operations; the effect of regulatory orders we have entered into and potential future supervisory action against us or Hanmi Bank; general economic and business conditions internationally, nationally and in those areas in which we operate; volatility and deterioration in the credit and equity markets; changes in consumer spending, borrowing and savings habits; availability of capital from private and government sources; demographic changes; competition for loans and deposits and failure to attract or retain loans and deposits; fluctuations in interest rates and a decline in the level of our interest rate spread; risks of natural disasters related to our real estate portfolio; risks associated with Small Business Administration loans; failure to attract or retain key employees; changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums; ability to receive regulatory approval for Hanmi Bank to declare dividends to Hanmi Financial; adequacy of our allowance for loan losses, credit quality and the effect of credit quality on our provision for credit losses and allowance for loan losses; changes in the financial performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other terms of credit agreements; our ability to successfully integrate acquisitions we may make; our ability to control expenses; and changes in securities markets. In addition, we set forth certain risks in our reports filed with the U.S. Securities and Exchange Commission ("SEC"), including, in particular Item 1A of our Form 10K for the year ended June 30, 2011, as well as current and periodic reports filed with the U.S. Securities and Exchange Commission hereafter, which could cause actual results to differ from those projected. We undertake no obligation to update such forward-looking statements except as required by law.



  HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
  CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
  (Dollars in Thousands)

                                September 30,     June 30,       %       December 31,     %      September 30,     %

                                     2011           2011       Change        2010       Change        2010       Change
                                -------------  -------------  --------  -------------  --------  -------------  --------

             ASSETS
  ----------------------------

  Cash and Due from Banks            $ 72,591       $ 67,166     8.1 %       $ 60,983    19.0 %       $ 63,455    14.4 %
  Interest-Bearing Deposits in
   Other Banks                        156,271        131,757    18.6 %        158,737    (1.6)%        218,843   (28.6)%

  Federal Funds Sold                       --             --        --         30,000        --             --        --
                                -------------  -------------  --------  -------------  --------  -------------  --------


  Cash and Cash Equivalents           228,862        198,923    15.1 %        249,720    (8.4)%        282,298   (18.9)%
                                -------------  -------------  --------  -------------  --------  -------------  --------

  Investment Securities               415,698        391,045     6.3 %        413,963     0.4 %        325,428    27.7 %

  Loans:
   Gross Loans, Net of
    Deferred Loan Fees              2,029,527      2,112,698    (3.9)%      2,267,126   (10.5)%      2,394,291   (15.2)%

   Allowance for Loan Losses        (100,792)      (109,029)    (7.6)%      (146,059)   (31.0)%      (176,063)   (42.8)%
                                -------------  -------------  --------  -------------  --------  -------------  --------


    Loans Receivable, Net           1,928,735      2,003,669    (3.7)%      2,121,067    (9.1)%      2,218,228   (13.1)%
                                -------------  -------------  --------  -------------  --------  -------------  --------

  Accrued Interest Receivable           7,225          7,512    (3.8)%          8,048   (10.2)%          8,442   (14.4)%
  Due from Customers on
   Acceptances                            599          1,629   (63.2)%            711   (15.8)%          1,375   (56.4)%
  Premises and Equipment, Net          16,627         16,869    (1.4)%         17,599    (5.5)%         17,639    (5.7)%
  Other Real Estate Owned, Net            289          1,340   (78.4)%          4,089   (92.9)%         20,577   (98.6)%
  Servicing Assets                      2,884          2,545    13.3 %          2,890    (0.2)%          3,197    (9.8)%
  Other Intangible Assets, Net          1,664          1,825    (8.8)%          2,233   (25.5)%          2,480   (32.9)%
  Investment in FHLB and FRB
   Stock, at Cost                      31,451         32,565    (3.4)%         34,731    (9.4)%         35,201   (10.7)%
  Bank-Owned Life Insurance            28,051         27,813     0.9 %         27,350     2.6 %         27,111     3.5 %
  Income Taxes Receivable               9,188          9,188        --          9,188        --          9,188        --

  Other Assets                         15,297         15,912    (3.9)%         15,559    (1.7)%         17,341   (11.8)%
                                -------------  -------------  --------  -------------  --------  -------------  --------


  TOTAL ASSETS                    $ 2,686,570    $ 2,710,835    (0.9)%    $ 2,907,148    (7.6)%    $ 2,968,505    (9.5)%
                                =============  =============  ========  =============  ========  =============  ========


         LIABILITIES AND
      STOCKHOLDERS' EQUITY
  ----------------------------

  Liabilities:
   Deposits:
    Noninterest-Bearing             $ 621,195      $ 600,812     3.4 %      $ 546,815    13.6 %      $ 559,764    11.0 %

    Interest-Bearing                1,731,974      1,797,563    (3.6)%      1,919,906    (9.8)%      1,967,622   (12.0)%
                                -------------  -------------  --------  -------------  --------  -------------  --------

     Total Deposits                 2,353,169      2,398,375    (1.9)%      2,466,721    (4.6)%      2,527,386    (6.9)%

  Accrued Interest Payable             13,490         14,226    (5.2)%         15,966   (15.5)%         13,727    (1.7)%
  Bank Acceptances Outstanding            599          1,629   (63.2)%            711   (15.8)%          1,375   (56.4)%
  Federal Home Loan Bank
   Advances                             3,392          3,479    (2.5)%        153,650   (97.8)%        153,734   (97.8)%
  Other Borrowings                     18,708          1,034        --          1,570        --          2,558        --
  Junior Subordinated
   Debentures                          82,406         82,406        --         82,406        --         82,406        --
  Deferred Tax Liabilities                 --             --        --             --        --            807        --
  Accrued Expenses and Other
   Liabilities                         11,603         11,321     2.5 %         12,868    (9.8)%         13,880   (16.4)%
                                -------------  -------------  --------  -------------  --------  -------------  --------

      Total Liabilities             2,483,367      2,512,470    (1.2)%      2,733,892    (9.2)%      2,795,873   (11.2)%


  Stockholders' Equity                203,203        198,365     2.4 %        173,256    17.3 %        172,632    17.7 %
                                -------------  -------------  --------  -------------  --------  -------------  --------

  TOTAL LIABILITIES AND
   STOCKHOLDERS' EQUITY           $ 2,686,570    $ 2,710,835    (0.9)%    $ 2,907,148    (7.6)%    $ 2,968,505    (9.5)%
                                =============  =============  ========  =============  ========  =============  ========



  HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
  CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
  (Dollars in Thousands, Except Per Share Data)


                                           Three Months Ended                                Nine Months Ended
                      ------------------------------------------------------------  ------------------------------------
                       Sept. 30,      June 30,       %       Sept. 30,       %       Sept. 30,     Sept. 30,       %

                          2011          2011       Change       2010       Change       2011          2010       Change
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------
  INTEREST AND
   DIVIDEND INCOME:
   Interest and Fees
    on Loans              $ 29,355      $ 29,249     0.4 %      $ 33,681   (12.8)%      $ 89,509     $ 104,862   (14.6)%
   Taxable Interest
    on Investment
    Securities               2,022         3,094   (34.6)%         1,592    27.0 %         7,789         4,035    93.0 %
   Tax-Exempt
    Interest on
    Investment
    Securities                  39            37     5.4 %            62   (37.1)%           116           216   (46.3)%
   Interest on
    Federal Funds
    Sold                        54            27        --            40    35.0 %           116            70    65.7 %
   Dividends on FRB
    and FHLB Stock             129           132    (2.3)%           135    (4.4)%           394           397    (0.8)%
   Interest on
    Interest-Bearing
    Deposits in
    Other Banks                 75            79    (5.1)%           165   (54.5)%           243           319   (23.8)%
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------
    Total Interest
     and Dividend
     Income                 31,674        32,618    (2.9)%        35,675   (11.2)%        98,167       109,899   (10.7)%
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------

  INTEREST EXPENSE:
   Interest on
    Deposits                 5,730         6,192    (7.5)%         8,299   (31.0)%        18,657        26,816   (30.4)%
   Interest on
    Federal Home
    Loan Bank
    Advances and
    Other Borrowings            46           240   (80.8)%           364   (87.4)%           619         1,080   (42.7)%
   Interest on
    Junior
    Subordinated
    Debentures                 739           711     3.9 %           739        --         2,148         2,100     2.3 %
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------
    Total Interest
     Expense                 6,515         7,143    (8.8)%         9,402   (30.7)%        21,424        29,996   (28.6)%
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------

  NET INTEREST
   INCOME BEFORE
   PROVISION FOR
   CREDIT LOSSES            25,159        25,475    (1.2)%        26,273    (4.2)%        76,743        79,903    (4.0)%
  Provision for
   Credit Losses             8,100            --        --        22,000   (63.2)%         8,100       117,496   (93.1)%
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------
  NET INTEREST
   INCOME (LOSS)
   AFTER PROVISION
   FOR CREDIT LOSSES        17,059        25,475   (33.0)%         4,273   299.2 %        68,643      (37,593)        --
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------

  NON-INTEREST
   INCOME:
   Service Charges
    on Deposit
    Accounts                 3,225         3,278    (1.6)%         3,442    (6.3)%         9,644        10,770   (10.5)%
   Insurance
    Commissions                940         1,203   (21.9)%         1,089   (13.7)%         3,403         3,573    (4.8)%
   Remittance Fees             469           499    (6.0)%           484    (3.1)%         1,430         1,469    (2.7)%
   Trade Finance
    Fees                       341           328     4.0 %           381   (10.5)%           966         1,144   (15.6)%
   Other Service
    Charges and Fees           389           368     5.7 %           409    (4.9)%         1,090         1,193    (8.6)%
   Net Gain (Loss)
    on Sales of
    Loans                  (1,445)          (77)        --           229        --       (1,860)           443        --
   Bank-Owned Life
    Insurance Income           237           233     1.7 %           237        --           700           703    (0.4)%
   Net Gain (Loss)
    on Sales of
    Investment
    Securities               1,704          (70)        --             4        --         1,634           117        --
   Impairment Loss
    on Investment
    Securities                  --            --        --         (790)        --            --         (790)        --
   Other Operating
    Income                     118           255   (53.7)%           186   (36.6)%           496           731   (32.1)%
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------
    Total
     Non-Interest
     Income                  5,978         6,017    (0.6)%         5,671     5.4 %        17,503        19,353    (9.6)%
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------

  NON-INTEREST
   EXPENSE:
   Salaries and
    Employee
    Benefits                 8,146         8,762    (7.0)%         9,552   (14.7)%        26,032        27,349    (4.8)%
   Occupancy and
    Equipment                2,605         2,650    (1.7)%         2,702    (3.6)%         7,820         8,101    (3.5)%
   Deposit Insurance
    Premiums and
    Regulatory
    Assessments              1,552         1,377    12.7 %         2,253   (31.1)%         4,999         8,552   (41.5)%
   Data Processing           1,383         1,487    (7.0)%         1,446    (4.4)%         4,269         4,432    (3.7)%
   Other Real Estate
    Owned Expense             (86)           806        --         2,580        --         1,549         9,998   (84.5)%
   Professional Fees         1,147         1,138     0.8 %           753    52.3 %         3,074         2,841     8.2 %
   Directors and
    Officers
    Liability
    Insurance                  737           733     0.5 %           716     2.9 %         2,204         2,149     2.6 %
   Expenses Related
    to Unconsummated
    Capital Raises              --         2,220        --            --        --         2,220            --        --
   Other Operating
    Expenses                 3,368         3,713    (9.3)%         4,077   (17.4)%        10,632        11,648    (8.7)%
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------
    Total
     Non-Interest
     Expense                18,852        22,886   (17.6)%        24,079   (21.7)%        62,799        75,070   (16.3)%
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------

  INCOME (LOSS)
   BEFORE PROVISION
   (BENEFIT) FOR
   INCOME TAXES              4,185         8,606   (51.4)%      (14,135)        --        23,347      (93,310)        --
  Provision
   (Benefit) for
   Income Taxes               (18)           605        --           442        --           706            11        --
                      ------------  ------------  --------  ------------  --------  ------------  ------------  --------


  NET INCOME (LOSS)        $ 4,203       $ 8,001   (47.5)%    $ (14,577)        --      $ 22,641    $ (93,321)        --
                      ============  ============  ========  ============  ========  ============  ============  ========

  EARNINGS (LOSS)
   PER SHARE:
   Basic                    $ 0.03        $ 0.05   (40.0)%      $ (0.12)        --        $ 0.15      $ (1.24)        --
   Diluted                  $ 0.03        $ 0.05   (40.0)%      $ (0.12)        --        $ 0.15      $ (1.24)        --

  WEIGHTED-AVERAGE
   SHARES
   OUTSTANDING:
   Basic               151,107,790   151,104,636             122,789,120             151,091,317    75,204,528
   Diluted             151,258,390   151,258,390             122,789,120             151,246,741    75,204,528

  SHARES OUTSTANDING
   AT PERIOD-END       151,258,390   151,258,390             151,198,390             151,258,390   151,198,390



 HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
 SELECTED FINANCIAL DATA (UNAUDITED)
 (Dollars in Thousands)

                                           Three Months Ended                                 Nine Months Ended
                    -----------------------------------------------------------------------------------------------------
                       Sept 30,      June 30,        %       Sept 30,        %        Sept 30,      Sept 30,        %

                         2011          2011       Change       2010        Change       2011          2010       Change
                    -----------------------------------------------------------------------------------------------------

 AVERAGE BALANCES:
  Average Gross
   Loans, Net of
   Deferred Loan
   Fees                $ 2,077,934   $ 2,136,976    (2.8)%   $ 2,456,883   (15.40)%   $ 2,149,101   $ 2,610,122   (17.7)%
  Average Investment
   Securities              394,379       497,052   (20.7)%       223,709     76.3 %       454,560       169,558   168.1 %
  Average
   Interest-Earning
   Assets                2,660,776     2,804,709    (5.1)%     2,989,762   (11.00)%     2,785,115     2,988,813    (6.8)%
  Average Total
   Assets                2,700,629     2,836,967    (4.8)%     2,983,632     (9.5)%     2,813,865     3,015,243    (6.7)%
  Average Deposits       2,383,639     2,427,934    (1.8)%     2,559,116     (6.9)%     2,423,194     2,612,891    (7.3)%
  Average Borrowings        87,386       190,447   (54.1)%       239,992    (63.6)%       171,212       245,708   (30.3)%
  Average
   Interest-Bearing
   Liabilities           1,859,847     2,025,392    (8.2)%     2,238,036   (16.90)%     2,005,110     2,296,599   (12.7)%
  Average
   Stockholders'
   Equity                  200,971       189,528     6.0 %       155,056     29.6 %       189,658       128,268    47.9 %
  Average Tangible
   Equity                  199,219       187,595     6.2 %       152,417     30.7 %       187,719       125,327    49.8 %


 PER SHARE DATA:
  Earnings (Loss)
   Per Share - Basic        $ 0.03        $ 0.05                $ (0.12)                   $ 0.15      $ (1.24)
  Earnings (Loss)
   Per Share -
   Diluted                  $ 0.03        $ 0.05                $ (0.12)                   $ 0.15      $ (1.24)
  Book Value Per
   Share (1)                $ 1.34        $ 1.31                  $ 1.14                   $ 1.34        $ 1.14
  Tangible Book
   Value Per Share
   (2)                      $ 1.33        $ 1.30                  $ 1.13                   $ 1.33        $ 1.13

 PERFORMANCE RATIOS
  (Annualized):
  Return on Average
   Assets                    0.62%         1.13%                 (1.94)%                    1.08%       (4.14)%
  Return on Average
   Stockholders'
   Equity                    8.30%        16.93%                (37.30)%                   15.96%      (97.27)%
  Return on Average
   Tangible Equity           8.37%        17.11%                (37.94)%                   16.13%      (99.56)%
  Efficiency Ratio          60.55%        72.67%                  75.38%                   66.63%        75.63%
  Net Interest
   Spread (3)                3.34%         3.26%                   3.07%                    3.29%         3.17%
  Net Interest
   Margin (3)                3.75%         3.65%                   3.49%                    3.69%         3.58%


 ALLOWANCE FOR LOAN
  LOSSES:
  Balance at
   Beginning of
   Period                $ 109,029     $ 125,780   (13.3)%     $ 176,667    (38.3)%     $ 146,059     $ 144,996     0.7 %
  Provision Charged
   to Operating
   Expense                   7,269         (250)        --        20,700    (64.9)%         8,295       117,710   (93.0)%
  Charge-Offs, Net
   of Recoveries          (15,506)      (16,501)    (6.0)%      (21,304)    (27.2)%      (53,562)      (86,643)   (38.2)%
                    -----------------------------------------------------------------------------------------------------
   Balance at End of
    Period               $ 100,792     $ 109,029    (7.6)%     $ 176,063    (42.8)%     $ 100,792     $ 176,063   (42.8)%
                    =====================================================================================================

 Allowance for Loan
  Losses to Total
  Gross Loans                4.97%         5.16%                   7.35%                    4.97%         7.35%
 Allowance for Loan
  Losses to Total
  Non-Performing
  Loans                    105.54%        65.25%                  90.41%                  105.54%        90.41%


 ALLOWANCE FOR
  OFF-BALANCE SHEET
  ITEMS:
  Balance at
   Beginning of
   Period                  $ 2,391       $ 2,141    11.7 %       $ 2,362      1.2 %       $ 3,417       $ 3,876   (11.8)%
  Provision Charged
   to Operating
   Expense                     831           250        --         1,300         --         (195)         (214)    (8.9)%
                    -----------------------------------------------------------------------------------------------------
   Balance at End of
    Period                 $ 3,222       $ 2,391    34.8 %       $ 3,662    (12.0)%       $ 3,222       $ 3,662   (12.0)%
                    =====================================================================================================


 (1) Total stockholders' equity divided by common shares outstanding.
 (2) Tangible equity divided by common shares outstanding. See "Non-GAAP Financial Measures."
 (3) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate.

 HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
 SELECTED FINANCIAL DATA
  (UNAUDITED) (Continued)
 (Dollars in
  Thousands)

                       Sept. 30      June 30,        %     December 31,      %        Sept. 30,         %

                         2011          2011       Change       2010        Change       2010         Change
                    -------------------------------------------------------------------------------------------
 NON-PERFORMING
  ASSETS:
  Non-Accrual Loans       $ 95,503     $ 167,102   (42.8)%     $ 169,028    (43.5)%     $ 194,729       (51.0)%
  Loans 90 Days or
   More Past Due and
   Still Accruing               --            --        --            --         --            --            --
                    -------------------------------------------------------------------------------------------
  Total
   Non-Performing
   Loans                    95,503       167,102   (42.8)%       169,028    (43.5)%       194,729       (51.0)%
  Other Real Estate
   Owned, Net                  289         1,340   (78.4)%         4,089    (92.9)%        20,577       (98.6)%
                    -------------------------------------------------------------------------------------------
  Total
   Non-Performing
   Assets                 $ 95,792     $ 168,442   (43.1)%     $ 173,117    (44.7)%     $ 215,306       (55.5)%
                    ===========================================================================================

  Total
   Non-Performing
   Loans/Total Gross
   Loans                     4.71%         7.91%                   7.45%                    8.13%
  Total
   Non-Performing
   Assets/Total
   Assets                    3.57%         6.21%                   5.95%                    7.25%
  Total
   Non-Performing
   Assets/Allowance
   for Loan Losses           95.0%        154.5%                  118.5%                   122.3%

 DELINQUENT LOANS
  (4)                     $ 16,473      $ 15,644     5.3 %      $ 21,457    (23.2)%      $ 23,896       (31.1)%
                    ===========================================================================================

  Delinquent
   Loans/Total Gross
   Loans                     0.81%         0.74%                   0.95%                    1.00%

 LOAN PORTFOLIO:
  Real Estate Loans      $ 764,169     $ 788,559    (3.1)%     $ 856,527    (10.8)%     $ 885,734       (13.7)%
  Commercial and
   Industrial Loans
   (5)                   1,220,245     1,277,650    (4.5)%     1,360,865    (10.3)%     1,456,163       (16.2)%

  Consumer Loans            44,819        46,500    (3.6)%        50,300    (10.9)%        53,237       (15.8)%
                    -------------------------------------------------------------------------------------------
  Total Gross Loans      2,029,233     2,112,709    (4.0)%     2,267,692    (10.5)%     2,395,134       (15.3)%

  Deferred Loan Fees           294          (11)        --         (566)         --         (843)         0.0 %
                    -------------------------------------------------------------------------------------------
  Gross Loans, Net
   of Deferred Loan
   Fees                  2,029,527     2,112,698    (3.9)%     2,267,126    (10.5)%     2,394,291       (15.2)%
  Allowance for Loan
   Losses                (100,792)     (109,029)    (7.6)%     (146,059)    (31.0)%     (176,063)       (42.8)%
                    -------------------------------------------------------------------------------------------
  Loans Receivable,
   Net                 $ 1,928,735   $ 2,003,669    (3.7)%   $ 2,121,067     (9.1)%   $ 2,218,228       (13.1)%
                    ===========================================================================================

 LOAN MIX:
  Real Estate Loans          37.7%         37.3%                   37.8%                    37.0%
  Commercial and
   Industrial Loans          60.1%         60.5%                   60.0%                    60.8%

  Consumer Loans              2.2%          2.2%                    2.2%                     2.2%
                    ----------------------------          --------------           --------------

   Total Gross Loans        100.0%        100.0%                  100.0%                   100.0%
                    ============================          ==============           ==============

 DEPOSIT PORTFOLIO:
  Demand -
   Noninterest-Beari
  ng                     $ 621,195     $ 600,812     3.4 %     $ 546,815     13.6 %     $ 559,764        11.0 %
  Savings                  106,633       110,935    (3.9)%       113,968     (6.4)%       119,824       (11.0)%
  Money Market
   Checking and NOW
   Accounts                455,438       484,132    (5.9)%       402,481     13.2 %       422,564         7.8 %
  Time Deposits of
   $100,000 or More        833,180       878,871    (5.2)%     1,118,621    (25.5)%     1,126,760       (26.1)%
  Other Time
   Deposits                336,723       323,625     4.0 %       284,836     18.2 %       298,474        12.8 %
                    -------------------------------------------------------------------------------------------

   Total Deposits      $ 2,353,169   $ 2,398,375    (1.9)%   $ 2,466,721     (4.6)%   $ 2,527,386        (6.9)%
                    ===========================================================================================

 DEPOSIT MIX:
  Demand -
   Noninterest-Beari
  ng                         26.4%         25.1%                   22.2%                    22.1%
  Savings                     4.5%          4.6%                    4.6%                     4.7%
  Money Market
   Checking and NOW
   Accounts                  19.4%         20.2%                   16.3%                    16.7%
  Time Deposits of
   $100,000 or More          35.4%         36.6%                   45.3%                    44.6%
  Other Time
   Deposits                  14.3%         13.5%                   11.6%                    11.9%
                    ----------------------------          --------------           --------------

   Total Deposits           100.0%        100.0%                  100.0%                   100.0%
                    ============================          ==============           ==============

 CAPITAL RATIOS
  (Bank Only):
  Total Risk-Based          14.71%        14.02%                  12.22%                   11.61%
  Tier 1 Risk-Based         13.42%        12.72%                  10.91%                   10.28%
  Tier 1 Leverage           10.41%         9.70%                   8.55%                    8.26%
  Tangible equity
   ratio                    10.63%        10.33%                   8.59%                    8.37%

 (4) 30 to 89 days past due and still accruing interest
 (5) Commercial and industrial loans include owner-occupied property loans of $811.0 million, $848.8 million,
  $894.8 million and $967.9 million as of September 30, 2011, June 30, 2011, December 31, 2010 and September
  30, 2010, respectively.



  HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
  AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID (UNAUDITED)
  (Dollars in Thousands)

                                                          Three Months Ended
              ----------------------------------------------------------------------------------------------------------

                      September 30, 2011                     June 30, 2011                    September 30, 2010
              ----------------------------------  ----------------------------------  ----------------------------------

                              Interest   Average                  Interest   Average                  Interest   Average
                 Average      Income/     Yield/     Average      Income/     Yield/     Average      Income/     Yield/
                 Balance      Expense     Rate       Balance      Expense     Rate       Balance      Expense     Rate
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------


  INTEREST-E
    ARNING
    ASSETS
  ----------

  Loans:
   Real
    Estate
    Loans:
    Commerci
    al
     Propert
    y             $ 686,766     $ 8,974    5.18%      $ 688,142     $ 9,386    5.47%      $ 773,589    $ 10,638    5.46%
    Construc
    tion             40,486         663    6.50%         50,192         621    4.96%         71,545         862    4.78%
    Resident
    ial
     Propert
    y                57,164         677    4.70%         59,323         679    4.59%         67,291         805    4.75%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------
     Total
      Real
      Estate
      Loans         784,416      10,314    5.22%        797,657      10,686    5.37%        912,425      12,305    5.35%
   Commercia
   l and
    Industri
   al Loans
    (1)           1,247,713      18,435    5.86%      1,291,470      17,914    5.56%      1,490,811      20,611    5.49%
   Consumer
    Loans            45,663         524    4.55%         48,017         562    4.69%         54,469         690    5.03%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------
    Total
     Gross
     Loans        2,077,792      29,273    5.59%      2,137,144      29,162    5.47%      2,457,705      33,606    5.42%
   Prepaymen
   t Penalty
    Income               --          81       --             --          87       --             --          75       --
   Unearned
    Income
    on
    Loans,
    Net of
    Costs               142          --       --          (168)          --       --          (823)          --       --
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------
      Gross
       Loans
      , Net       2,077,934      29,354    5.60%      2,136,976      29,249    5.49%      2,456,882      33,681    5.44%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------

  Investment
   Securitie
  s:
   Municipal
    Bonds -
    Taxable          10,732         115    4.29%         13,603         140    4.12%             --          --       --
   Municipal
    Bonds
    -Nontaxa
   ble (2)            4,526          60    5.30%          4,125          57    5.53%          6,301          95    6.03%
   U.S.
    Governme
   nt Agency
    Securiti
   es               106,029         387    1.46%        152,438         629    1.65%         92,690         620    2.68%
   Mortgage-
   Backed
    Securiti
   es               108,398         552    2.04%        127,413         946    2.97%         63,439         537    3.39%
   Collatera
   lized
    Mortgage
    Obligati
   ons              132,931         713    2.15%        169,110       1,113    2.63%         45,747         300    2.62%
   Corporate
    Bonds            20,381         168    3.30%         20,121         165    3.28%          3,130          30    3.83%
   Other
    Securiti
   es                11,382          87    3.06%         10,242         101    3.94%         12,402         103    3.32%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------
     Total
      Invest
     ment
      Securi
     ties
      (2)           394,379       2,082    2.11%        497,052       3,151    2.54%        223,709       1,685    3.01%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------

  Other
   Interest-
  Earning
   Assets:
   Equity
    Securiti
   es                32,491         129    1.59%         34,078         133    1.56%         36,568         135    1.48%
   Federal
    Funds
    Sold and
    Securiti
   es
    Purchase
   d
    Under
     Resale
     Agreeme
    nts               4,734           5    0.42%          7,067           9    0.51%          6,932           8    0.46%
   Term
    Federal
    Funds
    Sold             42,913          49    0.46%         13,681          18    0.53%         22,880          32    0.56%
   Interest-
   Bearing
    Deposits
    in Other
    Banks           108,325          75    0.28%        115,855          79    0.27%        242,790         165    0.27%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------
      Total
       Other
       Inter
      est-Ea
      rning
       Asset
      s             188,463         258    0.55%        170,681         239    0.56%        309,170         340    0.44%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------

  TOTAL
   INTEREST-
  EARNING
   ASSETS
   (2)          $ 2,660,776    $ 31,694    4.73%    $ 2,804,709    $ 32,639    4.67%    $ 2,989,761    $ 35,706    4.74%
              =============  ==========  =======  =============  ==========  =======  =============  ==========  =======


  INTEREST-B
    EARING
   LIABILITI
      ES
  ----------

  Interest-B
  earing
   Deposits:
   Savings        $ 107,643       $ 675    2.49%      $ 111,723       $ 734    2.64%      $ 122,122       $ 889    2.89%
   Money
    Market
    Checking
    and NOW
    Accounts        475,712         806    0.67%        488,723       1,010    0.83%        429,601       1,094    1.01%
   Time
    Deposits
    of
    $100,000
    or More         854,894       3,237    1.50%        926,024       3,477    1.51%      1,133,970       5,059    1.77%
   Other
    Time
    Deposits        334,212       1,014    1.20%        308,475         971    1.26%        312,351       1,257    1.60%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------
      Total
       Inter
      est-Be
      aring
       Depos
      its         1,772,461       5,732    1.28%      1,834,945       6,192    1.35%      1,998,044       8,299    1.65%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------

  Borrowings
  :
   FHLB
    Advances          3,437          46    5.31%        106,710         239    0.90%        153,777         342    0.88%
   Other
    Borrowin
   gs                 1,543          --       --          1,331           1    0.30%          3,809          22    2.29%
   Junior
    Subordin
   ated
    Debentur
   es                82,406         739    3.56%         82,406         711    3.46%         82,406         739    3.56%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------
      Total
       Borro
      wings          87,386         785    3.56%        190,447         951    2.00%        239,992       1,103    1.82%
              -------------  ----------  -------  -------------  ----------  -------  -------------  ----------  -------

  TOTAL
   INTEREST-
  BEARING
   LIABILITI
  ES            $ 1,859,847     $ 6,517    1.39%    $ 2,025,392     $ 7,143    1.41%    $ 2,238,036     $ 9,402    1.67%
              =============  ==========  =======  =============  ==========  =======  =============  ==========  =======

  NET
   INTEREST
   INCOME
   (2)                         $ 25,177                            $ 25,496                            $ 26,304
                             ==========                          ==========                          ==========

  NET
   INTEREST
   SPREAD
   (2)                                     3.34%                               3.26%                               3.07%
                                         =======                             =======                             =======

  NET
   INTEREST
   MARGIN
   (2)                                     3.75%                               3.65%                               3.49%
                                         =======                             =======                             =======


  (1) Commercial and industrial loans include owner-occupied commercial real etate loans
  (2) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate.



  HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
  AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID (UNAUDITED)
  (Dollars in Thousands)

                                                             Nine Months Ended
                                  -----------------------------------------------------------------------

                                          September 30, 2011                   September 30, 2010
                                  ----------------------------------  -----------------------------------

                                                  Interest   Average                  Interest    Average
                                     Average      Income/     Yield/     Average       Income/     Yield/
                                     Balance      Expense     Rate       Balance       Expense     Rate
                                  -------------  ----------  -------  -------------  -----------  -------


     INTEREST-EARNING ASSETS
  ------------------------------

  Loans:
   Real Estate Loans:
    Commercial Property               $ 698,818    $ 27,971    5.35%      $ 806,704     $ 32,363    5.36%
    Construction                         50,227       1,792    4.77%         88,424        3,202    4.84%

    Residential Property                 59,141       2,039    4.61%         70,410        2,520    4.79%
                                  -------------  ----------  -------  -------------  -----------  -------
     Total Real Estate Loans            808,186      31,802    5.26%        965,538       38,085    5.27%
   Commercial and Industrial
    Loans (1)                         1,293,472      55,741    5.76%      1,588,154       64,330    5.42%

   Consumer Loans                        47,603       1,668    4.68%         57,425        2,277    5.30%
                                  -------------  ----------  -------  -------------  -----------  -------
     Total Gross Loans                2,149,261      89,211    5.55%      2,611,117      104,692    5.36%
   Prepayment Penalty Income                 --         297       --             --          170       --
   Unearned Income on Loans, Net
    of Costs                              (160)          --       --          (994)           --       --
                                  -------------  ----------  -------  -------------  -----------  -------

      Gross Loans, Net                2,149,101      89,508    5.57%      2,610,123      104,862    5.37%
                                  -------------  ----------  -------  -------------  -----------  -------

  Investment Securities:
   Municipal Bonds - Taxable             13,930         433    4.14%             --           --    0.00%
   Municipal Bonds -Nontaxable
    (2)                                   4,373         179    5.46%          7,107          332    6.23%
   U.S. Government Agency
    Securities                          134,779       1,639    1.62%         63,790        1,563    3.27%
   Mortgage-Backed Securities           116,857       2,137    2.44%         61,265        1,604    3.49%
   Collateralized Mortgage
    Obligations                         152,788       2,803    2.45%         23,931          542    3.02%
   Corporate Bonds                       20,236         500    3.29%          1,055           30    3.79%

   Other Securities                      11,597         277    3.18%         12,410          295    3.17%
                                  -------------  ----------  -------  -------------  -----------  -------
      Total Investment
       Securities (2)                   454,560       7,968    2.34%        169,558        4,366    3.43%
                                  -------------  ----------  -------  -------------  -----------  -------

  Other Interest-Earning Assets:
   Equity Securities                     34,030         394    1.54%         37,961          397    1.39%
   Federal Funds Sold and
    Securities Purchased
    Under Resale Agreements               6,160          22    0.48%         11,056           41    0.49%
   Term Federal Funds Sold               25,542          94    0.49%         10,128           29    0.38%
   Interest-Bearing Deposits in
    Other Banks                         115,722         243    0.28%        149,988          319    0.28%
                                  -------------  ----------  -------  -------------  -----------  -------
      Total Other
       Interest-Earning Assets          181,454         753    0.55%        209,133          786    0.50%
                                  -------------  ----------  -------  -------------  -----------  -------

  TOTAL INTEREST-EARNING ASSETS
   (2)                              $ 2,785,115    $ 98,229    4.72%    $ 2,988,814    $ 110,014    4.92%
                                  =============  ==========  =======  =============  ===========  =======


   INTEREST-BEARING LIABILITIES
  ------------------------------

  Interest-Bearing Deposits:
   Savings                            $ 110,795     $ 2,158    2.60%      $ 120,945      $ 2,635    2.91%
   Money Market Checking and NOW
    Accounts                            471,179       2,818    0.80%        481,744        3,933    1.09%
   Time Deposits of $100,000 or
    More                                943,366      10,773    1.53%      1,050,248       14,793    1.88%

   Other Time Deposits                  308,558       2,910    1.26%        397,954        5,455    1.83%
                                  -------------  ----------  -------  -------------  -----------  -------
      Total Interest-Bearing
       Deposits                       1,833,898      18,659    1.36%      2,050,891       26,816    1.75%
                                  -------------  ----------  -------  -------------  -----------  -------

  Borrowings:
   FHLB Advances                         87,369         618    0.95%        160,162        1,027    0.86%
   Other Borrowings                       1,437           1    0.09%          3,140           53    2.26%
   Junior Subordinated
    Debentures                           82,406       2,148    3.49%         82,406        2,100    3.41%
                                  -------------  ----------  -------  -------------  -----------  -------

      Total Borrowings                  171,212       2,767    2.16%        245,708        3,180    1.73%
                                  -------------  ----------  -------  -------------  -----------  -------

  TOTAL INTEREST-BEARING
   LIABILITIES                      $ 2,005,110    $ 21,426    1.43%    $ 2,296,599     $ 29,996    1.75%
                                  =============  ==========  =======  =============  ===========  =======


  NET INTEREST INCOME (2)                          $ 76,803                             $ 80,018
                                                 ==========                          ===========


  NET INTEREST SPREAD (2)                                      3.29%                                3.17%
                                                             =======                              =======


  NET INTEREST MARGIN (2)                                      3.69%                                3.58%
                                                             =======                              =======


  (1) Commercial and industrial loans include owner-occupied commercial real etate loans
  (2) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax
   rate.


Non-GAAP Financial Measures

Tangible Common Equity to Tangible Assets Ratio

Tangible common equity to tangible assets ratio is supplemental financial information determined by a method other than in accordance with U.S. generally accepted accounting principles ("GAAP"). This non-GAAP measure is used by management in the analysis of Hanmi Bank and Hanmi Financial's capital strength. Tangible equity is calculated by subtracting goodwill and other intangible assets from total stockholders' equity. Banking and financial institution regulators also exclude goodwill and other intangible assets from total stockholders' equity when assessing the capital adequacy of a financial institution. Management believes the presentation of this financial measure excluding the impact of these items provides useful supplemental information that is essential to a proper understanding of the capital strength of Hanmi Bank and Hanmi Financial. This disclosure should not be viewed as a substitution for results determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

The following table reconciles this non-GAAP performance measure to the GAAP performance measure for the periods indicated:


  HANMI FINANCIAL CORPORATION AND
   SUBSIDIARIES
  NON-GAAP FINANCIAL MEASURES
   (UNAUDITED)
  (Dollars in Thousands)

                                       September                                 September
                                           30,        June 30,    December 31,       30,

                                          2011          2011          2010          2010
                                      ------------  ------------  ------------  ------------

  TANGIBLE COMMON EQUITY TO TANGIBLE
   ASSETS RATIO

  Total Assets                         $ 2,686,570   $ 2,710,835   $ 2,907,148   $ 2,968,505

   Less Other Intangible Assets            (1,664)       (1,825)       (2,233)       (2,480)
                                      ------------  ------------  ------------  ------------

  Tangible Assets                      $ 2,684,906   $ 2,709,010   $ 2,904,915   $ 2,966,025
                                      ============  ============  ============  ============

  Total Stockholders' Equity             $ 203,203     $ 198,365     $ 173,256     $ 172,632

   Less Other Intangible Assets            (1,664)       (1,825)       (2,233)       (2,480)
                                      ------------  ------------  ------------  ------------

  Tangible Stockholders' Equity          $ 201,539     $ 196,540     $ 171,023     $ 170,152
                                      ============  ============  ============  ============

  Total Stockholders' Equity to
   Total Assets Ratio                        7.56%         7.32%         5.96%         5.82%
  Tangible Common Equity to Tangible
   Assets Ratio                              7.51%         7.26%         5.89%         5.74%

  Common Shares Outstanding            151,258,390   151,258,390   151,198,390   151,198,390
  Tangible Common Equity Per Common
   Share                                    $ 1.33        $ 1.30        $ 1.13        $ 1.13



  HANMI BANK
  NON-GAAP FINANCIAL MEASURES (UNAUDITED)
  (Dollars in Thousands)

                                      September                                 September
                                          30,        June 30,    December 31,       30,

                                         2011          2011          2010          2010
                                     ------------  ------------  ------------  ------------

  TANGIBLE COMMON EQUITY TO
   TANGIBLE ASSETS RATIO

  Total Assets                        $ 2,681,517   $ 2,705,997   $ 2,900,415   $ 2,961,039

   Less Other Intangible Assets              (94)         (184)         (450)         (625)
                                     ------------  ------------  ------------  ------------

  Tangible Assets                     $ 2,681,423   $ 2,705,813   $ 2,899,965   $ 2,960,414
                                     ============  ============  ============  ============

  Total Stockholders' Equity            $ 285,250     $ 279,712     $ 249,637     $ 248,310

   Less Other Intangible Assets              (94)         (184)         (450)         (625)
                                     ------------  ------------  ------------  ------------

  Tangible Stockholders' Equity         $ 285,156     $ 279,528     $ 249,187     $ 247,685
                                     ============  ============  ============  ============

  Total Stockholders' Equity to
   Total Assets Ratio                      10.64%        10.34%         8.61%         8.39%
  Tangible Common Equity to
   Tangible Assets Ratio                   10.63%        10.33%         8.59%         8.37%

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Hanmi Bank

CONTACT: Hanmi Financial Corporation
Lonny Robinson
Chief Financial Officer
(213)-368-3200
David Yang
Investor Relations Officer
(213) 637-4798
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