Exhibit 99.1

Hanmi Financial Corporation Fourth Quarter 2010 Nets
First Quarterly Profit of $5.3 Million in Two Years

LOS ANGELES — January 27, 2011 — Hanmi Financial Corporation (NASDAQ: HAFC), the holding company for Hanmi Bank, today reported a fourth quarter profit of $5.3 million or $0.04 per diluted share, with substantial improvement in credit metrics. In the fourth quarter of 2009, Hanmi’s net loss totaled $35.9 million, or $0.70 per share. For the full year in 2010, the net loss improved to $88.0 million, or $0.93 per share, compared to $122.3 million, or $2.57 per share in 2009.

“We believe that our continuing efforts to shed problem assets through credit workouts and asset sales has improved credit quality metrics and allowed us to return to profitability,” said Jay S. Yoo, President and Chief Executive Officer. “Our successful capital raise earlier in July 2010 was an additional factor in strengthening our capital position. Hanmi Bank continued to be categorized as ‘well-capitalized’ for regulatory purposes at December 31, 2010.”

2010 Highlights

	•		Hanmi’s fourth quarter results mark the first time in over two years that Hanmi Financial has earned a quarterly profit of $5.3 million.
	•		Credit metrics, which began to improve at the beginning of 2010, continued improving as the year progressed. Non-performing assets (NPA), which is non-performing loans (NPLs) and other real estate owned (OREO) assets, decreased by 20% to $173.1 million, or 5.95% of total assets, from $215.3 million or 7.25% of total assets in the third quarter and $245.4 million, or 7.76% a year ago. The coverage ratio of the allowance to non-performing loans increased to 86.4% at December 31, 2010 compared to 66.2% a year ago while slightly decreased compared to 90.4% in the prior quarter.
	•		During 2010, the successful deleveraging of the balance sheet reduced total assets by 8% or $256 million to $2.91 billion, with gross loans down 20%.
	•		Net interest margin (NIM) was stable at 3.48% in the fourth quarter of 2010, down one basis point from 3.49% in the third quarter of 2010 and up 2 basis points from the fourth quarter a year ago. For the full year, NIM increased 71 basis points to 3.55% from 2.84% at December 31, 2009.

Capital Management

“The successful rights offering and best efforts stock offerings in July 2010 have provided the necessary capital to return our balance sheet to ‘well capitalized’ regulatory status and provided us with the capital resources to assist us in achieving profitability in this most recently completed quarter,” Mr. Yoo stated. “We understand that Woori Finance continues to work closely with regulators to achieve approval for the previously announced transaction. Since this transaction is no longer exclusive, we are now considering alternative capital sources to further enhance our capital position and fund balance sheet growth.”

With the profit generated from operations along with the decrease in our total assets, the Bank’s Total Risk-Based Capital Ratio at year-end increased to 12.23% compared with 11.61% in the immediate prior quarter-end and 9.07% a year ago. At December 31, 2010, Tier 1 Risk-Based Capital Ratio was 10.91% compared to 10.28% at September 30, 2010, and 7.77% a year ago. Fourth quarter Tier 1 Leverage Ratio was 8.55% compared to 8.26% in the third quarter and 6.69% in the fourth quarter of 2009. The Bank’s Tangible Common Equity to Tangible Assets at year-end increased to 8.60% compared with 8.37% in the linked quarter and 7.13% a year ago.

Asset Quality

At December 31, 2010, the allowance for loan losses was $146.1 million, or 6.44% of gross loans, compared to $176.1 million, or 7.35% of gross loans, at September 30, 2010, and $145.0 million, or 5.14% of gross loans a year ago. The ratio of Hanmi’s loan loss allowance to non-performing loans at December 31, 2010, increased to 86.41%, up from 66.19% a year ago. Fourth quarter charge-offs, net of recoveries, were $35.2 million compared to $21.3 million in the third quarter

and $57.3 million in the fourth quarter of 2009. For the full year in 2010, net charge-offs were $121.9 million compared to $122.6 million in 2009.

NPLs declined 13% to $169.0 million at December 31, 2010, from $194.7 million at September 30, 2010, and are down 23% from $219.1 million at December 31, 2009. Of the total $169.0 million NPLs, $43.0 million, or 25%, were current on payments. In addition, $69.4 million, or 41%, were marked to current market value with partial charge-offs. Out of the $69.4 million, $26.6 million were categorized as available for sale. We sold 29 NPLs with carrying value of $28.6 million in the fourth quarter, which contributed to the decline of NPLs in the quarter. Year-to-date, we sold 87 loans with carrying value of $156.8 million.

Sale of OREOs, real estate acquired through foreclosures, continued during the fourth quarter, with 5 properties sold for net proceeds of $17.1 million, resulting in a $115,000 net loss. In 2010, OREO sales generated $25.9 million in net proceeds on the sale of 18 properties, resulting in a $196,000 net loss. OREOs totaled $4.1 million at December 31, 2010, down from $20.6 million at September 30, 2010 and also down from $26.3 million a year ago. Hanmi actively manages its loan portfolio and regularly sells assets prior to foreclosure, which partially accounts for the reduction of OREO. The following table shows non-performing loans by loan category:

Total Non-Performing Loans

						% of Total								% of Total								% of Total
(’000)		12/31/2010				NPL				9/30/2010				NPL				12/31/2009				NPL
Real Estate Loans:
Commercial Property			21,129				12.5	%			31,103				16.0	%			60,159				27.5	%
Construction			19,097				11.3	%			9,338				4.8	%			15,166				6.9	%
Land Loans			26,808				15.2	%			29,701				15.2	%			19				0.0	%
Residential Property			2,674				1.6	%			2,264				1.2	%			3,662				1.7	%
Commercial & Industrial Loans:
Owner Occupied Property			68,441				40.5	%			90,777				46.6	%			96,966				44.3	%
Other C&I			30,581				18.1	%			31,216				16.0	%			42,405				19.4	%
Consumer Loans			298				0.2	%			330				0.2	%			690				0.3	%
TOTAL NPL			169,028				100.0	%			194,729				100.0	%			219,067				100.0	%

The proactive approach to resolving problematic credits in 2010 helped reduce delinquent loans on accrual status, which are not included in the NPL total. Delinquent loans on accrual status decreased to $21.5 million, or 0.95% of gross loans at December 31, 2010, from $41.2 million, or 1.46% of gross loans at December 31, 2009. On a sequential quarter basis, the amount of delinquent loans on accrual status decreased from $23.9 million at September 30, 2010 due to a decrease in delinquent construction loans on accrual status. This decrease was partially offset by a minor increase in Commercial & Industrial delinquent loans on an accrual status. The following table shows delinquent loans on accrual status by loan category:

Delinquent loans on accrual status

(’000)		12/31/2010				% of Total				9/30/2010				% of Total				12/31/2009				% of Total
Real Estate Loans:
Commercial Property											382				1.6	%			3,500				8.5	%
Construction			4,894				22.8	%			8,714				36.5	%
Land Loans																			150				0.4	%
Residential Property			951				4.4	%			801				3.4	%			1,190				2.9	%
Commercial & Industrial Loans:
Owner Occupied Property			10,408				48.5	%			9,261				38.7	%			23,833				57.8	%
Other C&I			5,004				23.3	%			4,543				19.0	%			11,951				29.0	%
Consumer Loans			200				0.9	%			195				0.8	%			594				1.4	%
TOTAL			21,457				100.0	%			23,896				100.0	%			41,218				100.0	%

Balance Sheet

We believe that our deleveraging strategy in the last two years has been successful in reducing portfolio risk and preserving capital. With our enhanced capital levels, we have begun to implement plans to grow our customer base, albeit at moderate levels. With loan demand still soft, we anticipate that any growth will come from attracting new customers and capitalizing on continuing disruption in the regional banking market.

Total assets decreased slightly at the end of the fourth quarter to $2.91 billion, from $2.97 billion at September 30, 2010, and down 8% from $3.16 billion at December 31, 2009. Gross loans, net of deferred loan fees, were $2.27 billion at December 31, 2010, down 5% from $2.39 billion at September 30, 2010, and down 20% from $2.82 billion at December 31, 2009.

Average gross loans decreased 20% to $2.35 billion for the fourth quarter of 2010 from $2.92 billion for the like quarter a year ago and declined 4% during the fourth quarter from $2.46 billion for the third quarter of 2010. Hanmi’s average investment securities portfolio increased 92% to $351.0 million for the fourth quarter of 2010 from $182.6 million for the fourth quarter of 2009 and increased 57% for the fourth quarter of 2010 from $223.7 million from the quarter ended September 30. 2010. The decreases in average gross loans over the past year were the direct result of the balance sheet deleveraging strategy. The Bank increased investment securities to enforce liquidity preservation strategy.

Consistent with the deleveraging strategy, average deposits also decreased 14% to $2.51 billion for the fourth quarter of 2010 from $2.91 billion for the like quarter in 2009 and declined 2% from $2.56 billion for the third quarter of 2010.

The deposit mix at year-end continues to reflect efforts to build core deposits and improve the Bank’s cost of funds. There are no brokered deposits in the deposit mix at year-end. Total deposits decreased 10% year-over-year and declined 2% from the prior quarter. The 10% year-over-year decrease in total deposits was primarily due to a $203 million decrease in brokered deposits. Total deposits were $2.47 billion at December 31, 2010, compared to $2.53 billion at September 30, 2010, and $2.75 billion at December 31, 2009.

Results of Operations

Net interest income, before the provision for credit losses, totaled $26.0 million for the fourth quarter of 2010 which was down 1% from $26.3 million in the linked quarter and down 9% from $28.4 million in the fourth quarter a year ago. Increased liquidity from the capital raise earlier in the year was deployed to cash and cash equivalent balances and investment securities which are generally lower yielding assets. The cost of funds also declined in the quarter reflecting reductions in high-cost time deposits and an increase in low-cost deposits. For the full year in 2010, net interest income before provision for credit losses increased 5% to $105.9 million compared to $101.2 million in 2009.

Loan yields increased and deposit costs decreased which benefited our net interest margin. These benefits were offset by higher balances of investment securities, which generate lower yields but allowing a strong liquidity position. The average yield on the loan portfolio increased 4 basis points to 5.48% from 5.44% from the prior quarter and decreased 6 basis points from the fourth quarter in 2009. For the full year 2010, the average yield on the loan portfolio decreased 9 basis points to 5.40% from 5.49% in 2009. In 2010, the reversal of previously recorded interest income due to the additional non-accrual loans was $3.2 million ($0.3million in the fourth quarter), resulting in a negative impact on NIM by 11 basis points. The cost of average interest-bearing deposits in the fourth quarter was 1.55%, down 10 basis points from the prior quarter and 71 basis points from the fourth quarter of 2009. For the full year 2010, the cost of average interest bearing deposits was 1.70%, down 127 basis points from a year ago. As a result, Hanmi’s net interest margin was down just one basis point at 3.48% in the fourth quarter of 2010 from 3.49% in the third quarter and up 2 basis points compared to 3.46% in the fourth quarter of 2009. NIM improved 71 basis points to 3.55% for 2010 from 2.84% for 2009.

Despite the quarterly increase in net charge-offs, the provision for credit losses in the fourth quarter of 2010 decreased to $5.0 million, compared to $22.0 million in the prior quarter and $77.0 million in the fourth quarter a year ago, due to the decrease in classified assets, non-performing loans, and overall loan balance. For the full year, the provision for credit losses totaled $122.5 million, down from $196.4 million in 2009. The provision for loan losses has decreased steadily now for four consecutive quarters.

Total non-interest income in the fourth quarter of 2010 was $6.1 million, up 7% from $5.7 million in the third quarter of 2010 and down 23% from $7.8 million in the fourth quarter of 2009. The year-over-year decrease in non-interest income is

primarily attributable to decreases in service charges on deposit accounts and a decrease in net gain on sale of loans and securities. Service charges on deposit accounts decreased to $3.3 million for the fourth quarter of 2010 from $3.4 million in the linked quarter and $4.0 million for the same quarter of 2009. The decrease in service charges on deposit accounts was associated with the reduction of the deposit portfolio reflecting the deleveraging strategy. The net gain on the sale of loans decreased 69% from the prior quarter and 80% from the fourth quarter a year ago. In the fourth quarter of 2009, the Bank sold accumulated inventory of SBA loans upon the recovery of the SBA secondary market. For the year, non-interest income decreased 21%, or $6.7 million, to $25.4 million, compared to $32.1 million in 2009, primarily due to a $1.7 million decrease in net gain on sales of investment securities in addition to the aforementioned factors.

Total non-interest expense decreased 10% in the quarter and 4% year-over-year to $21.7 million for the fourth quarter, down from $24.1 million in the third quarter of 2010 and $22.7 million for the fourth quarter a year ago. The overall improvement of non-interest expense in general was across the board. For the year, non-interest expense increased 7.1%, or $6.5 million, to $96.8 million, compared to $90.4 million in 2009, primarily due to expenses related to managing and provisioning for OREO properties and the absence of reversal of a $2.5 million previously accrued liability on a post-retirement death benefit that was recognized in 2009.

Conference Call Information

Management will host a conference today at 1:30 p.m. PDT (4.30 p.m. EDT) to discuss these financial results. This call will also be broadcast live via the internet. Investment professionals and all others are invited to access the live call by dialing (866) 383-8108 or (617) 597-5343 for international callers at 1:30 p.m. (PDT), using access code HANMI. To listen to the call online, either live or archived, visit the Investor Relations page of Hanmi Financial Corporation website at www.hanmi.com. Shortly after the call concludes, the replay will also be available at (888) 286-8010 or (617) 801-6888 for international callers, using access code #12399068 where it will be archived until February 14, 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 securities purchase agreement with Woori Finance Holdings, 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 consummate the proposed transaction with Woori Finance Holdings on the terms contemplated in the Securities Purchase Agreement entered into with Woori on May 25, 2010, as amended (the “transaction”); failure to receive regulatory approval for the Transaction; 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 the Company; 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 attached as an Exhibit to a Current Report on Form 8-K filed with the SEC on June 18, 2010, and our most recent Quarterly Report on Form 10-Q,

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.

Cautionary Statements

Future issuance of any securities relating to the Woori transaction has not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction or state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or state.

Contact: Hanmi Financial Corporation

BRIAN E. CHO		DAVID YANG
Chief Financial Officer		Investor Relations Officer
(213) 368-3200		(213) 637-4798

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

		December 31,				September 30,				%				December 31,				%
		2010				2010				Change				2009				Change
ASSETS
Cash and Due from Banks		$	60,983			$	63,455				(3.9	)%		$	55,263				10.4	%
Interest-Bearing Deposits in Other Banks			158,737				218,843				(27.5	)%			98,847				60.6	%
Federal Funds Sold			30,000				—				—				—				—
Cash and Cash Equivalents			249,720				282,298				(11.5	)%			154,110				62.0	%
Investment Securities			413,963				325,428				27.2	%			133,289				210.6	%
Loans:
Gross Loans, Net of Deferred Loan Fees			2,267,126				2,394,291				(5.3	)%			2,819,060				(19.6	)%
Allowance for Loan Losses			(146,059	)			(176,063	)			(17.0	)%			(144,996	)			0.7	%
Loans Receivable, Net			2,121,067				2,218,228				(4.4	)%			2,674,064				(20.7	)%
Due from Customers on Acceptances			711				1,375				(48.3	)%			994				(28.5	)%
Premises and Equipment, Net			17,599				17,639				(0.2	)%			18,657				(5.7	)%
Accrued Interest Receivable			8,048				8,442				(4.7	)%			9,492				(15.2	)%
Other Real Estate Owned, Net			4,089				20,577				(80.1	)%			26,306				(84.5	)%
Deferred Income Taxes, Net			—				—				—				3,608				—
Investment in FHLB and FRB Stock, at Cost			34,731				35,201				(1.3	)%			30,697				13.1	%
Bank-Owned Life Insurance			27,350				27,111				0.9	%			34,286				(20.2	)%
Income Taxes Receivable			9,188				9,188				—				56,554				(83.8	)%
Other Assets			20,682				23,018				(10.1	)%			20,649				0.2	%
TOTAL ASSETS		$	2,907,148			$	2,968,505				(2.1	)%		$	3,162,706				(8.1	)%
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Noninterest-Bearing		$	546,815			$	559,764				(2.3	)%		$	556,306				(1.7	)%
Interest-Bearing			1,919,906				1,967,622				(2.4	)%			2,193,021				(12.5	)%
Total Deposits			2,466,721				2,527,386				(2.4	)%			2,749,327				(10.3	)%
Accrued Interest Payable			15,966				13,727				16.3	%			12,606				26.7	%
Bank Acceptances Outstanding			711				1,375				(48.3	)%			994				(28.5	)%
FHLB Advances and Other Borrowings			155,220				156,292				(0.7	)%			155,725				(0.3	)%
Junior Subordinated Debentures			82,406				82,406				—				82,406				—
Accrued Expenses and Other Liabilities			12,868				14,687				(12.4	)%			11,904				8.1	%
Total Liabilities			2,733,892				2,795,873				(2.2	)%			3,012,962				(9.3	)%
Stockholders’ Equity			173,256				172,632				0.4	%			149,744				15.7	%
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	2,907,148			$	2,968,505				(2.1	)%		$	3,162,706				(8.1	)%

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

		Three Months Ended
		December 31,				September 30,				%				December 31,				%
		2010				2010				Change				2009				Change
INTEREST AND DIVIDEND INCOME:
Interest and Fees on Loans		$	32,466			$	33,681				(3.6	)%		$	40,810				(20.4	)%
Taxable Interest on Investment Securities			1,839				1,592				15.5	%			1,414				30.1	%
Tax-Exempt Interest on Investment Securities			9				62				(85.5	)%			432				(97.9	)%
Interest on Interest-Bearing Deposits in Other Banks			149				165				(9.7	)%			70				112.9	%
Dividends on FHLB and FRB Stock			135				135				—				136				(0.7	)%
Interest on Federal Funds Sold			15				40				(62.5	)%			95				(84.2	)%
Total Interest and Dividend Income			34,613				35,675				(3.0	)%			42,957				(19.4	)%
INTEREST EXPENSE:
Interest on Deposits			7,592				8,299				(8.5	)%			13,410				(43.4	)%
Interest on Junior Subordinated Debentures			711				739				(3.8	)%			690				3.0	%
Interest on FHLB Advances and Other Borrowings			339				364				(6.9	)%			412				(17.7	)%
Total Interest Expense			8,642				9,402				(8.1	)%			14,512				(40.4	)%
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES			25,971				26,273				(1.1	)%			28,445				(8.7	)%
Provision for Credit Losses			5,000				22,000				(77.3	)%			77,000				(93.5	)%
NET INTEREST INCOME (LOSS) AFTER PROVISION FOR CREDIT LOSSES			20,971				4,273				390.8	%			(48,555	)			(143.2	)%
NON-INTEREST INCOME:
Service Charges on Deposit Accounts			3,279				3,442				(4.7	)%			4,022				(18.5	)%
Insurance Commissions			1,122				1,089				3.0	%			1,062				5.6	%
Remittance Fees			499				484				3.1	%			530				(5.8	)%
Trade Finance Fees			379				381				(0.5	)%			439				(13.7	)%
Other Service Charges and Fees			323				409				(21.0	)%			371				(12.9	)%
Bank-Owned Life Insurance Income			239				237				0.8	%			237				0.8	%
Net Gain on Sales of Loans			71				229				(69.0	)%			354				(79.9	)%
Net Gain on Sales of Investment Securities			5				4				25.0	%			665				(99.2	)%
Impairment Loss on Investment Securities			—				(790	)			(100.0	)%			—				—
Other Operating Income			136				186				(26.9	)%			159				(14.5	)%
Total Non-Interest Income			6,053				5,671				6.7	%			7,839				(22.8	)%
NON-INTEREST EXPENSE:
Salaries and Employee Benefits			9,381				9,552				(1.8	)%			8,442				11.1	%
Occupancy and Equipment			2,672				2,702				(1.1	)%			2,733				(2.2	)%
Deposit Insurance Premiums and Regulatory Assessments			2,204				2,253				(2.2	)%			2,998				(26.5	)%
Data Processing			1,499				1,446				3.7	%			1,606				(6.7	)%
Other Real Estate Owned Expense			681				2,580				(73.6	)%			873				(22.0	)%
Professional Fees			680				753				(9.7	)%			1,354				(49.8	)%
Directors and Officers Liability Insurance			716				716				—				293				144.4	%
Other Operating Expenses			3,902				4,077				(4.3	)%			4,411				(11.5	)%
Total Non-Interest Expense			21,735				24,079				(9.7	)%			22,710				(4.3	)%
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES			5,289				(14,135	)			(137.4	)%			(63,426	)			(108.3	)%
Provision (Benefit) for Income Taxes			(23	)			442				(105.2	)%			(27,545	)			(99.9	)%
NET INCOME (LOSS)		$	5,312			$	(14,577	)			(136.4	)%		$	(35,881	)			(114.8	)%
EARNINGS (LOSS) PER SHARE:
Basic		$	0.04			$	(0.12	)			(133.3	)%		$	(0.70	)			(105.7	)%
Diluted		$	0.04			$	(0.12	)			(133.3	)%		$	(0.70	)			(105.7	)%
WEIGHTED-AVERAGE SHARES OUTSTANDING:
Basic			151,051,903				122,789,120								50,998,103
Diluted			151,197,503				122,789,120								50,998,103
SHARES OUTSTANDING AT PERIOD-END			151,198,390				151,198,390								51,182,390

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

		Year Ended
		December 31,				December 31,				%
		2010				2009				Change
INTEREST AND DIVIDEND INCOME:
Interest and Fees on Loans		$	137,328			$	173,318				(20.8	)%
Taxable Interest on Investment Securities			5,874				5,675				3.5	%
Tax-Exempt Interest on Investment Securities			225				2,303				(90.2	)%
Interest on Interest-Bearing Deposits in Other Banks			468				151				209.9	%
Dividends on FHLB and FRB Stock			532				656				(18.9	)%
Interest on Federal Funds Sold			85				2,044				(95.8	)%
Total Interest and Dividend Income			144,512				184,147				(21.5	)%
INTEREST EXPENSE:
Interest on Deposits			34,408				76,246				(54.9	)%
Interest on Junior Subordinated Debentures			2,811				3,271				(14.1	)%
Interest on FHLB Advances and Other Borrowings			1,419				3,401				(58.3	)%
Total Interest Expense			38,638				82,918				(53.4	)%
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES			105,874				101,229				4.6	%
Provision for Credit Losses			122,496				196,387				(37.6	)%
NET INTEREST INCOME (LOSS) AFTER PROVISION FOR CREDIT LOSSES			(16,622	)			(95,158	)			(82.5	)%
NON-INTEREST INCOME:
Service Charges on Deposit Accounts			14,049				17,054				(17.6	)%
Insurance Commissions			4,695				4,492				4.5	%
Remittance Fees			1,968				2,109				(6.7	)%
Trade Finance Fees			1,523				1,956				(22.1	)%
Other Service Charges and Fees			1,516				1,810				(16.2	)%
Bank-Owned Life Insurance Income			942				932				1.1	%
Net Gain on Sales of Loans			514				1,220				(57.9	)%
Net Gain on Sales of Investment Securities			122				1,833				(93.3	)%
Impairment Loss on Investment Securities			(790	)			—				—
Other Operating Income			867				704				23.2	%
Total Non-Interest Income			25,406				32,110				(20.9	)%
NON-INTEREST EXPENSE:
Salaries and Employee Benefits			36,730				33,101				11.0	%
Occupancy and Equipment			10,773				11,239				(4.1	)%
Deposit Insurance Premiums and Regulatory Assessments			10,756				10,418				3.2	%
Data Processing			5,931				6,297				(5.8	)%
Other Real Estate Owned Expense			10,679				5,890				81.3	%
Professional Fees			3,521				4,099				(14.1	)%
Directors and Officers Liability Insurance			2,865				1,175				143.8	%
Other Operating Expenses			15,550				18,135				(14.3	)%
Total Non-Interest Expense			96,805				90,354				7.1	%
LOSS BEFORE BENEFIT FOR INCOME TAXES			(88,021	)			(153,402	)			(42.6	)%
Benefit for Income Taxes			(12	)			(31,125	)			(100.0	)%
NET LOSS		$	(88,009	)		$	(122,277	)			(28.0	)%
LOSS PER SHARE:
Basic		$	(0.93	)		$	(2.57	)			(63.8	)%
Diluted		$	(0.93	)		$	(2.57	)			(63.8	)%
WEIGHTED-AVERAGE SHARES OUTSTANDING:
Basic			94,322,222				47,570,361
Diluted			94,322,222				47,570,361
SHARES OUTSTANDING AT PERIOD-END			151,198,390				51,182,390

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

		Three Months Ended												Year Ended
		December 31,				September 30,				December 31,				December 31,				December 31,
		2010				2010				2009				2010				2009
AVERAGE BALANCES:
Average Gross Loans, Net of Deferred Loan Fees		$	2,349,660			$	2,456,883			$	2,924,722			$	2,544,472			$	3,157,133
Average Investment Securities			350,954				223,709				182,635				215,280				188,325
Average Interest-Earning Assets			2,961,297				2,989,762				3,291,042				2,981,878				3,611,009
Average Total Assets			2,949,647				2,983,632				3,356,383				2,998,507				3,717,179
Average Deposits			2,512,893				2,559,116				2,914,794				2,587,686				3,109,322
Average Borrowings			237,702				239,992				244,704				243,690				341,514
Average Interest-Bearing Liabilities			2,186,920				2,238,036				2,598,520				2,268,954				2,909,014
Average Stockholders’ Equity			166,753				155,056				164,767				137,968				225,708
Average Tangible Equity			164,381				152,417				161,169				135,171				221,537
PERFORMANCE RATIOS (Annualized):
Return on Average Assets			0.71	%			(1.94	)%			(4.24	)%			(2.94	)%			(3.29	)%
Return on Average Stockholders’ Equity			12.64	%			(37.30	)%			(86.40	)%			(63.79	)%			(54.17	)%
Return on Average Tangible Equity			12.82	%			(37.94	)%			(88.33	)%			(65.11	)%			(55.19	)%
Efficiency Ratio			67.87	%			75.38	%			62.59	%			73.74	%			67.76	%
Net Interest Spread (1)			3.07	%			3.07	%			2.99	%			3.15	%			2.28	%
Net Interest Margin (1)			3.48	%			3.49	%			3.46	%			3.55	%			2.84	%
ALLOWANCE FOR LOAN LOSSES:
Balance at Beginning of Period		$	176,063			$	176,667			$	124,768			$	144,996			$	70,986
Provision Charged to Operating Expense			5,245				20,700				77,540				122,955				196,607
Charge-Offs, Net of Recoveries			(35,249	)			(21,304	)			(57,312	)			(121,892	)			(122,597	)
Balance at End of Period		$	146,059			$	176,063			$	144,996			$	146,059			$	144,996
Allowance for Loan Losses to Total Gross Loans			6.44	%			7.35	%			5.14	%			6.44	%			5.14	%
Allowance for Loan Losses to Total Non-Performing Loans			86.41	%			90.41	%			66.19	%			86.41	%			66.19	%
ALLOWANCE FOR OFF-BALANCE SHEET ITEMS:
Balance at Beginning of Period		$	3,662			$	2,362			$	4,416			$	3,876			$	4,096
Provision Charged to Operating Expense			(245	)			1,300				(540	)			(459	)			(220	)
Balance at End of Period		$	3,417			$	3,662			$	3,876			$	3,417			$	3,876

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

		December 31,				September 30,				December 31,
		2010				2010				2009
NON-PERFORMING ASSETS:
Non-Accrual Loans		$	169,028			$	194,729			$	219,000
Loans 90 Days or More Past Due and Still Accruing			—				—				67
Total Non-Performing Loans			169,028				194,729				219,067
Other Real Estate Owned, Net			4,089				20,577				26,306
Total Non-Performing Assets		$	173,117			$	215,306			$	245,373
Total Non-Performing Loans/Total Gross Loans			7.45	%			8.13	%			7.77	%
Total Non-Performing Assets/Total Assets			5.95	%			7.25	%			7.76	%
Total Non-Performing Assets/Allowance for Loan Losses			118.5	%			122.3	%			169.2	%
DELINQUENT LOANS (Accrual Status)		$	21,457			$	23,896			$	41,218
Delinquent Loans (Accrual Status)/Total Gross Loans			0.95	%			1.00	%			1.46	%
LOAN PORTFOLIO:
Real Estate Loans		$	856,527			$	885,734			$	1,043,097
Commercial and Industrial Loans (2)			1,360,865				1,456,163				1,714,212
Consumer Loans			50,300				53,237				63,303
Total Gross Loans			2,267,692				2,395,134				2,820,612
Deferred Loan Fees			(566	)			(843	)			(1,552	)
Gross Loans, Net of Deferred Loan Fees			2,267,126				2,394,291				2,819,060
Allowance for Loan Losses			(146,059	)			(176,063	)			(144,996	)
Loans Receivable, Net		$	2,121,067			$	2,218,228			$	2,674,064
LOAN MIX:
Real Estate Loans			37.8	%			37.0	%			37.0	%
Commercial and Industrial Loans			60.0	%			60.8	%			60.8	%
Consumer Loans			2.2	%			2.2	%			2.2	%
Total Gross Loans			100.0	%			100.0	%			100.0	%
DEPOSIT PORTFOLIO:
Demand — Noninterest-Bearing		$	546,815			$	559,764			$	556,306
Savings			113,968				119,824				111,172
Money Market Checking and NOW Accounts			402,481				422,564				685,858
Time Deposits of $100,000 or More			1,118,621				1,126,760				815,190
Other Time Deposits			284,836				298,474				580,801
Total Deposits		$	2,466,721			$	2,527,386			$	2,749,327
DEPOSIT MIX:
Demand — Noninterest-Bearing			22.2	%			22.1	%			20.2	%
Savings			4.6	%			4.7	%			4.0	%
Money Market Checking and NOW Accounts			16.3	%			16.7	%			24.9	%
Time Deposits of $100,000 or More			45.3	%			44.6	%			29.7	%
Other Time Deposits			11.6	%			11.9	%			21.2	%
Total Deposits			100.0	%			100.0	%			100.0	%
CAPITAL RATIOS (Bank Only):
Total Risk-Based			12.23	%			11.61	%			9.07	%
Tier 1 Risk-Based			10.91	%			10.28	%			7.77	%
Tier 1 Leverage			8.55	%			8.26	%			6.69	%
Tangible equity ratio			8.60	%			8.37	%			7.13	%

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

		Three Months Ended
		December 31, 2010												September 30, 2010												December 31, 2009
						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-EARNING ASSETS
Loans:
Real Estate Loans:
Commercial Property		$	746,868			$	10,144				5.39	%		$	773,589			$	10,638				5.46	%		$	861,831			$	11,872				5.47	%
Construction			66,221				416				2.49	%			71,545				862				4.78	%			130,400				1,342				4.08	%
Residential Property			63,716				747				4.65	%			67,291				805				4.75	%			80,257				997				4.93	%
Total Real Estate Loans			876,805				11,307				5.12	%			912,425				12,305				5.35	%			1,072,488				14,211				5.26	%
Commercial and Industrial Loans (1)			1,421,369				20,435				5.70	%			1,490,811				20,611				5.49	%			1,787,795				25,472				5.65	%
Consumer Loans			52,251				660				5.01	%			54,469				690				5.03	%			66,074				965				5.79	%
Total Gross Loans			2,350,425				32,402				5.47	%			2,457,705				33,606				5.42	%			2,926,357				40,648				5.51	%
Prepayment Penalty Income			—				64				—				—				75				—				—				162				—
Unearned Income on Loans, Net of Costs			(765	)			—				—				(823	)			—				—				(1,635	)			—				—
Gross Loans, Net			2,349,660				32,466				5.48	%			2,456,882				33,681				5.44	%			2,924,722				40,810				5.54	%
Investment Securities:
Municipal Bonds (2)			21,182				203				3.83	%			6,301				95				6.03	%			41,653				665				6.39	%
U.S. Government Agency Securities			84,904				389				1.83	%			92,690				620				2.68	%			36,500				437				4.79	%
Mortgage-Backed Securities			107,764				467				1.73	%			63,439				537				3.39	%			77,354				738				3.82	%
Collateralized Mortgage Obligations			108,491				550				2.03	%			45,747				300				2.62	%			14,312				143				4.00	%
Corporate Bonds			16,151				135				3.34	%			3,130				30				3.83	%			286				—				0.00	%
Other Securities			12,462				110				3.53	%			12,402				103				3.32	%			12,530				97				3.10	%
Total Investment Securities (2)			350,954				1,854				2.11	%			223,709				1,685				3.01	%			182,635				2,080				4.56	%
Other Interest-Earning Assets:
Equity Securities			35,883				135				1.50	%			36,568				135				1.48	%			40,605				136				1.34	%
Federal Funds Sold and Securities Purchased Under Resale Agreements			8,239				11				0.53	%			6,932				8				0.46	%			51,713				65				0.50	%
Term Federal Funds Sold			3,043				4				0.53	%			22,880				32				0.56	%			8,500				30				1.41	%
Interest-Bearing Deposits in Other Banks			213,518				149				0.28	%			242,790				165				0.27	%			82,867				70				0.34	%
Total Other Interest-Earning Assets			260,683				299				0.46	%			309,170				340				0.44	%			183,685				301				0.66	%
TOTAL INTEREST-EARNING ASSETS (2)		$	2,961,297			$	34,619				4.64	%		$	2,989,761			$	35,706				4.74	%		$	3,291,042			$	43,191				5.21	%
INTEREST-BEARING LIABILITIES
Interest-Bearing Deposits:
Savings		$	116,220			$	804				2.74	%		$	122,122			$	889				2.89	%		$	104,068			$	711				2.71	%
Money Market Checking and NOW Accounts			414,773				1,003				0.96	%			429,601				1,094				1.01	%			733,063				3,508				1.90	%
Time Deposits of $100,000 or More			1,127,027				4,736				1.67	%			1,133,970				5,059				1.77	%			835,726				4,930				2.34	%
Other Time Deposits			291,198				1,049				1.43	%			312,351				1,257				1.60	%			680,959				4,261				2.48	%
Total Interest-Bearing Deposits			1,949,218				7,592				1.55	%			1,998,044				8,299				1.65	%			2,353,816				13,410				2.26	%
Borrowings:
FHLB Advances			153,693				339				0.88	%			153,777				342				0.88	%			160,754				412				1.02	%
Other Borrowings			1,603				—				0.00	%			3,809				22				2.29	%			1,544				—				0.00	%
Junior Subordinated Debentures			82,406				711				3.42	%			82,406				739				3.56	%			82,406				690				3.32	%
Total Borrowings			237,702				1,050				1.75	%			239,992				1,103				1.82	%			244,704				1,102				1.79	%
TOTAL INTEREST-BEARING LIABILITIES		$	2,186,920			$	8,642				1.57	%		$	2,238,036			$	9,402				1.67	%		$	2,598,520			$	14,512				2.22	%
NET INTEREST INCOME (2)						$	25,977											$	26,304											$	28,679
NET INTEREST SPREAD (2)											3.07	%											3.07	%											2.99	%
NET INTEREST MARGIN (2)											3.48	%											3.49	%											3.46	%