EXHIBIT 99.1
HANMI FINANCIAL CORPORATION REPORTS
NET INCOME OF $13.1 MILLION FOR FIRST QUARTER OF 2007;
YEAR-OVER-YEAR EARNINGS PER SHARE DECREASE 13% TO $0.26
     LOS ANGELES — May 3, 2007 — Hanmi Financial Corporation (NASDAQ:HAFC), the holding company for Hanmi Bank, reported that for the three months ended March 31, 2007, it earned net income of $13.1 million, a decrease of 24.6 percent compared to net income of $17.3 million in the fourth quarter of 2006, and a decrease of 11.8 percent compared to net income of $14.8 million in the comparable period a year ago. Earnings per share were $0.26 (diluted), a decrease of 13.3 percent compared to $0.30 (diluted) for the same period in 2006.
     “Financial results for the quarter point to solid performance within our core operations that unfortunately was offset by a handful of problem loans,” noted Sung Won Sohn, Ph.D., President and Chief Executive Officer. “These problem loans required a $6.1 million provision for credit losses during the quarter and reflect an increase in non-performing assets to $19.5 million from $14.2 million at December 31, 2006.”
     “Without minimizing the effect of the increase in provision for credit losses,” added Dr. Sohn, “it is worth noting that whereas fourth-quarter 2006 net income included a pre-tax gain of $1.9 million on the sale of the unguaranteed portion of approximately $15.5 million in SBA loans, no comparable gain was realized in the first quarter of 2007.”
     “On a positive note, both loans and deposits were up during the quarter, by $48.3 million and $39.3 million, respectively, from December 31, 2006,” said Dr. Sohn, “as was net interest margin, which was 4.61 percent compared to 4.59 percent in the fourth quarter of 2006. We look for further growth in loans and deposits in the second quarter and hope to maintain net margin at or near current levels.”
FIRST-QUARTER HIGHLIGHTS
•   Net interest margin for the first quarter of 2007 was 4.61 percent, compared to 4.59 percent for the fourth quarter of 2006 and 4.92 percent for the first quarter of 2006. Net interest income before provision for credit losses was $38.1 million for the first quarter of 2007, compared to $38.8 million for the fourth quarter of 2006 and $36.9 million for the first quarter of 2006, declining slightly sequentially because of the smaller number of days in the quarter.
•   The loan portfolio increased by $48.3 million, or 1.7 percent, to $2.89 billion at March 31, 2007, compared to $2.84 billion at December 31, 2006, reflecting balanced growth of the commercial real estate and commercial and industrial portions of the portfolio.
•   Non-performing assets increased by $5.3 million to $19.5 million, or 0.67 percent of the portfolio, at March 31, 2007, compared to $14.2 million, or 0.50 percent of the portfolio, at December 31, 2006.
•   The provision for credit losses was $6.1 million for the first quarter of 2007, compared to $1.6 million for the fourth quarter of 2006 and $3.0 million for the first quarter of 2006.
•   The allowance for loan losses was 1.08 percent, 0.96 percent and 1.00 percent of the gross loan portfolio at March 31, 2007, December 31, 2006 and March 31, 2006, respectively.
•   Non-interest income and non-interest expenses reflect the acquisitions of Chun-Ha Insurance Services, Inc. (“Chun-Ha”) and All World Insurance Services, Inc. (“All World”). The acquisition was marginally accretive to earnings per share.

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ACQUISITIONS
     Effective January 2, 2007, the Company completed the acquisitions of Chun-Ha and All World. The acquisitions increased first quarter non-interest income by $984,000 and increased total non-interest expenses by $848,000. The insurance agencies’ first quarter net income (after recognizing amortization of acquired intangible assets) of $85,000 is included in the Company’s consolidated net income.
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES
     Net interest income before provision for credit losses was $38.1 million for the first quarter of 2007, a decrease of $713,000, or 1.8 percent, compared to $38.8 million for the fourth quarter of 2006, and an increase of $1.2 million, or 3.3 percent, compared to $36.9 million for the first quarter of 2006.
     The yield on the loan portfolio was 8.80 percent for the first quarter of 2007, an increase of 3 basis points compared to 8.77 percent for the fourth quarter of 2006, and an increase of 34 basis points compared to 8.46 percent for the first quarter of 2006. Interest income on loans in the first quarter of 2007 included prepayment penalties of $417,000, or 0.06 percent of average loans, compared to $6,000 for the fourth quarter of 2006. The yield on investment securities was 4.44 percent for the first quarter of 2007, a decrease of 2 basis points compared to 4.46 percent for the fourth quarter of 2006, and an increase of 8 basis points compared to 4.36 percent for the first quarter of 2006.
     The yield on average interest-earning assets was 8.23 percent for the first quarter of 2007, an increase of 5 basis points compared to 8.18 percent for the fourth quarter of 2006, and an increase of 41 basis points compared to 7.82 percent for the first quarter of 2006. The cost of interest-bearing liabilities was 4.87 percent for the first quarter of 2007, an increase of 2 basis points compared to 4.85 percent for the fourth quarter of 2006, and an increase of 90 basis points compared to 3.97 percent for the first quarter of 2006, as the competitive deposit rate environment stabilized.
     The year-over-year increase of $9.4 million in interest income was primarily due to: 1) an increase in average interest-earning assets, which increased from $3.04 billion to $3.35 billion, an increase of $314.0 million that provided an additional $7.0 million of interest income compared to the first quarter of 2006; and 2) an increase in the yield on average interest-earning assets, which increased from 7.82 percent to 8.23 percent, an increase of 41 basis points that provided an additional $2.4 million of interest income compared to the first quarter of 2006. The majority of this growth was funded by a $135.0 million, or 4.8 percent, increase in average deposits. Average borrowings also increased by $113.2 million, or 81.8 percent, compared to the first quarter of 2006. During 2006, the Company borrowed $130.0 million from the Federal Home Loan Bank for terms of 12 to 24 months to allow it to fund fixed-rate loans, but maintain the desired level of asset sensitivity.
PROVISION FOR CREDIT LOSSES
     The provision for credit losses was $6.1 million for the first quarter of 2007, compared to $1.6 million for the fourth quarter of 2006 and $3.0 million for the same quarter last year. In the first quarter of 2007, net charge-offs were $2.4 million, compared to $2.4 million for the fourth quarter of 2006 and $1.2 million for the same quarter last year.
     The increase in the provision for credit losses is attributable primarily to the migration of loans among the Company’s risk rating categories. In the first quarter of 2007, three large loans, two of which became delinquent in the first quarter and one of which remained current as to principal and interest payments, migrated to higher risk categories. A fourth loan was deemed to be impaired, and a partial charge-off was recorded to bring its carrying balance to the level supported by real estate collateral. Together, the migration of these four loans required a provision for credit losses of $3.4 million. The migration of other loans accounted for the remainder of the provision.

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     The increase in the provision for credit losses also reflects increases in non-performing assets, which increased from $14.2 million at December 31, 2006 to $19.5 million at March 31, 2007, and delinquent loans, which increased from $19.6 million at December 31, 2006 to $37.3 million at March 31, 2007. While the level of non-performing assets and delinquent loans are indicators of the credit quality of the portfolio, the provision for credit losses is determined based primarily on loan classifications and the Company’s historical loss experience with similarly situated credits.
NON-INTEREST INCOME
     Non-interest income decreased by $1.1 million, or 9.8 percent, to $10.0 million for the first quarter of 2007, compared to $11.1 million for the fourth quarter of 2006, and increased by $2.0 million, or 24.1 percent, compared to $8.0 million for the first quarter of 2006. The changes in non-interest income are primarily attributable to a decrease in the amount of gain on sales of loans to $1.4 million for the first quarter of 2007, compared to $3.4 million for the fourth quarter of 2006 and $839,000 for the first quarter of 2006. In the fourth quarter of 2006, the Company recognized a pre-tax gain of $1.9 million on the sale of the unguaranteed portion of SBA loans. There were no such sales in the first quarter of 2007.
NON-INTEREST EXPENSES
     Non-interest expenses increased by $1.1 million, or 5.3 percent, to $21.0 million for the first quarter of 2007, compared to $19.9 million for the fourth quarter of 2006, and increased by $3.3 million, or 18.2 percent, compared to $17.7 million for the first quarter of 2006. Such increases were primarily attributable to increased salaries and benefits associated with the acquisitions of Chun-Ha and All World, offset by decreased advertising and promotion expense in the first quarter of 2007, due to seasonal promotional activities in the fourth quarter of 2006.
     The efficiency ratio (non-interest expenses divided by the sum of net interest income before provision for credit losses and non-interest income) for the first quarter of 2007 was 43.64 percent, compared to 39.95 percent for the fourth quarter of 2006 and 39.51 percent for the first quarter of 2006, reflecting the reduced level of gain on sale of loans and the acquisitions of Chun-Ha and All World.
PROVISION FOR INCOME TAXES
     The provision for income taxes was $7.9 million at a 37.7 percent effective tax rate for the first quarter of 2007, compared to $11.0 million at a 38.9 percent effective tax rate for the fourth quarter of 2006 and $9.4 million at a 38.8 percent effective tax rate for the first quarter of 2006. This reflects a stable level of Enterprise Zone and low-income housing tax credits in a period in which there was a decline in taxable income.
FINANCIAL POSITION
     Total assets were $3.78 billion at March 31, 2007, an increase of $52.3 million, or 1.4 percent, compared to $3.73 billion at December 31, 2006, and an increase of $263.3 million, or 7.5 percent, from the March 31, 2006 balance of $3.51 billion.
     At March 31, 2007, net loans totaled $2.89 billion, an increase of $48.3 million, or 1.7 percent, from $2.84 billion at December 31, 2006. Real estate loans increased by $20.5 million, or 2.0 percent, to $1.06 billion at March 31, 2007, compared to $1.04 billion at December 31, 2006. Commercial and industrial loans grew by $32.4 million, or 1.9 percent, to $1.76 billion at March 31, 2007, compared to $1.73 billion at December 31, 2006.
     The growth in total assets was primarily funded by an increase in deposits of $39.3 million, up 1.3 percent to $2.98 billion at March 31, 2007, compared to $2.94 billion at December 31, 2006. The increase in deposits included increases in time deposits of $100,000 or more of $35.0 million, up 2.5 percent to $1.42 billion, in noninterest-bearing demand deposits of $10.0 million, up 1.4 percent to $738.4 million, in other time deposits of $5.5 million, up 1.9 percent to $301.0 million, and in savings accounts of $2.3 million, up 2.3 percent to $101.5 million, partially offset by a decrease in money market checking accounts of $13.5 million, down 3.1 percent to $424.8 million.
     At March 31, 2007, goodwill totaled $209.9 million, an increase of $2.3 million, or 1.1 percent, from $207.6 million at December 31, 2006, due to the acquisitions of Chun-Ha and All World.

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ASSET QUALITY
     Total non-performing assets, including loans 90 days or more past due and still accruing, non-accrual loans and other real estate owned (“OREO”) assets, increased by $5.3 million to $19.5 million at March 31, 2007 from $14.2 million at December 31, 2006, and increased by $8.7 million from $10.8 million at March 31, 2006. Non-performing loans as a percentage of gross loans increased to 0.67 percent at March 31, 2007 from 0.50 percent at December 31, 2006 and 0.38 percent at March 31, 2006.
     At March 31, 2007, delinquent loans were $37.3 million, or 1.28 percent of gross loans, compared to $19.6 million, or 0.68 percent of gross loans, at December 31, 2006, and $15.6 million, or 0.58 percent of gross loans, at March 31, 2006.
     At March 31, 2007, the Company maintained an allowance for loan losses of $31.5 million and a liability for off-balance sheet exposure, primarily unfunded loan commitments, of $1.9 million. The allowance for loan losses represented 1.08 percent of gross loans at March 31, 2007, compared to 0.96 percent and 1.00 percent at December 31, 2006 and March 31, 2006, respectively. As of March 31, 2007, the allowance for loan losses was 161.6 percent of non-performing loans, compared to 193.9 percent at December 31, 2006 and 259.5 percent at March 31, 2006.
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 23 full-service offices in Los Angeles, Orange, San Francisco, Santa Clara and San Diego counties, and nine loan production offices in California, Colorado, Georgia, Illinois, Texas, Virginia and Washington. Hanmi Bank specializes in commercial, SBA, trade finance and consumer 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.hanmifinancial.com.
FORWARD-LOOKING STATEMENTS
     This 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. 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: general economic and business conditions in those areas in which we operate; demographic changes; competition for loans and deposits; fluctuations in interest rates; risks of natural disasters related to our real estate portfolio; risks associated with SBA loans; changes in governmental regulation; credit quality; our ability to successfully integrate acquisitions we may make; the availability of capital to fund the expansion of our business; and changes in securities markets. In addition, we set forth certain risks in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2006, which could cause actual results to differ from those projected.
CONTACT
         
 
  Hanmi Financial Corporation    
 
        
 
  Michael J. Winiarski   Stephanie Yoon
 
  Chief Financial Officer   Investor Relations
 
  (213) 368-3200   (213) 427-5631

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HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
 (Dollars in Thousands)
                                         
    March 31,     December 31,     %     March 31,     %  
    2007     2006     Change     2006     Change  
ASSETS
                                        
Cash and Cash Equivalents
   $ 148,174     $ 138,501       7.0 %   $ 97,780       51.5 %
Term Federal Funds Sold
     —       5,000       (100.0 )%     —       —  
Investment Securities
     381,237       391,579       (2.6 )%     430,884       (11.5 )%
Loans:
                                        
Loans, Net of Deferred Loan Fees
     2,917,187       2,864,947       1.8 %     2,668,785       9.3 %
Allowance for Loan Losses
     (31,527 )     (27,557 )     14.4 %     (26,703 )     18.1 %
 
                              
Net Loans
     2,885,660       2,837,390       1.7 %     2,642,082       9.2 %
 
                              
Customers’ Liability on Acceptances
     10,974       8,403       30.6 %     14,010       (21.7 )%
Premises and Equipment, Net
     20,324       20,075       1.2 %     20,565       (1.2 )%
Accrued Interest Receivable
     16,739       16,919       (1.1 )%     14,398       16.3 %
Other Real Estate Owned
     —       —       —       545       (100.0 )%
Deferred Income Taxes
     10,683       13,064       (18.2 )%     8,688       23.0 %
Servicing Asset
     4,528       4,579       (1.1 )%     4,035       12.2 %
Goodwill
     209,941       207,646       1.1 %     209,058       0.4 %
Other Intangible Assets
     8,619       6,312       36.5 %     8,066       6.9 %
Federal Reserve Bank and Federal Home Loan Bank Stock
     25,115       24,922       0.8 %     24,730       1.6 %
Bank-Owned Life Insurance
     23,822       23,592       1.0 %     22,932       3.9 %
Other Assets
     31,768       27,261       16.5 %     16,555       91.9 %
 
                              
Total Assets
   $ 3,777,584     $ 3,725,243       1.4 %   $ 3,514,328       7.5 %
 
                              
 
                                        
LIABILITIES AND SHAREHOLDERS’ EQUITY
                                        
Liabilities:
                                        
Deposits:
                                        
Noninterest-Bearing
   $ 738,396     $ 728,348       1.4 %   $ 748,530       (1.4 )%
Interest-Bearing
     2,245,611       2,216,367       1.3 %     2,070,336       8.5 %
 
                              
Total Deposits
     2,984,007       2,944,715       1.3 %     2,818,866       5.9 %
Accrued Interest Payable
     22,379       22,582       (0.9 )%     12,734       75.7 %
Acceptances Outstanding
     10,974       8,403       30.6 %     14,010       (21.7 )%
FHLB Advances and Other Borrowings
     168,114       169,037       (0.5 )%     131,533       27.8 %
Junior Subordinated Debentures
     82,406       82,406       —       82,406       —  
Other Liabilities
     16,571       10,983       50.9 %     16,231       2.1 %
 
                              
Total Liabilities
     3,284,451       3,238,126       1.4 %     3,075,780       6.8 %
Shareholders’ Equity
     493,133       487,117       1.2 %     438,548       12.4 %
 
                              
Total Liabilities and Shareholders’ Equity
   $ 3,777,584     $ 3,725,243       1.4 %   $ 3,514,328       7.5 %
 
                              

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HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
 (Dollars in Thousands, Except Per Share Data)
                                         
    For the Three Months Ended  
    March 31,     December 31,     %     March 31,     %  
    2007     2006     Change     2006     Change  
INTEREST INCOME:
                                        
Interest and Fees on Loans
   $ 62,561     $ 63,666       (1.7 )%   $ 53,147       17.7 %
Interest on Investments
     4,664       4,762       (2.1 )%     5,099       (8.5 )%
Interest on Federal Funds Sold
     726       654       11.0 %     289       151.2 %
Interest on Term Federal Funds Sold
     5       2       150.0 %     —       —  
 
                              
Total Interest Income
     67,956       69,084       (1.6 )%     58,535       16.1 %
 
                              
 
                                        
INTEREST EXPENSE:
                                        
Interest on Deposits
     26,081       26,346       (1.0 )%     19,591       33.1 %
Interest on FHLB Advances and Other Borrowings
     2,171       2,278       (4.7 )%     614       253.6 %
Interest on Junior Subordinated Debentures
     1,639       1,682       (2.6 )%     1,475       11.1 %
 
                              
Total Interest Expense
     29,891       30,306       (1.4 )%     21,680       37.9 %
 
                              
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES
     38,065       38,778       (1.8 )%     36,855       3.3 %
 
                                    
Provision for Credit Losses
     6,132       1,631       276.0 %     2,960       107.2 %
 
                              
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES
     31,933       37,147       (14.0 )%     33,895       (5.8 )%
 
                              
 
                                        
NON-INTEREST INCOME:
                                        
Service Charges on Deposit Accounts
     4,488       4,471       0.4 %     4,231       6.1 %
Trade Finance Fees
     1,290       1,153       11.9 %     1,071       20.4 %
Remittance Fees
     471       519       (9.2 )%     488       (3.5 )%
Other Service Charges and Fees
     616       620       (0.6 )%     534       15.4 %
Bank-Owned Life Insurance Income
     230       225       2.2 %     218       5.5 %
Increase in Fair Value of Derivatives
     92       351       (73.8 )%     225       (59.1 )%
Other Income
     1,400       372       276.3 %     434       222.6 %
Gain on Sales of Loans
     1,400       3,367       (58.4 )%     839       66.9 %
Gain on Sales of Securities Available for Sale
     —       —       —       5       (100.0 )%
 
                              
Total Non-Interest Income
     9,987       11,078       (9.8 )%     8,045       24.1 %
 
                              
 
                                        
NON-INTEREST EXPENSES:
                                        
Salaries and Employee Benefits
     11,761       10,303       14.2 %     9,161       28.4 %
Occupancy and Equipment
     2,512       2,521       (0.4 )%     2,206       13.9 %
Data Processing
     1,563       1,543       1.3 %     1,429       9.4 %
Advertising and Promotion
     661       875       (24.5 )%     646       2.3 %
Supplies and Communications
     588       543       8.3 %     636       (7.5 )%
Professional Fees
     474       360       31.7 %     668       (29.0 )%
Amortization of Other Intangible Assets
     614       564       8.9 %     625       (1.8 )%
Decrease in Fair Value of Embedded Option
     —       290       (100.0 )%     102       (100.0 )%
Other Operating Expenses
     2,796       2,916       (4.1 )%     2,267       23.3 %
 
                              
Total Non-Interest Expenses
     20,969       19,915       5.3 %     17,740       18.2 %
 
                              
 
                                        
INCOME BEFORE PROVISION FOR INCOME TAXES
     20,951       28,310       (26.0 )%     24,200       (13.4 )%
Provision for Income Taxes
     7,896       11,000       (28.2 )%     9,398       (16.0 )%
 
                              
NET INCOME
   $ 13,055     $ 17,310       (24.6 )%   $ 14,802       (11.8 )%
 
                              
 
                                        
EARNINGS PER SHARE:
                                        
Basic
   $ 0.27     $ 0.35       (22.9 )%   $ 0.30       (10.0 )%
Diluted
   $ 0.26     $ 0.35       (25.7 )%   $ 0.30       (13.3 )%
WEIGHTED-AVERAGE SHARES OUTSTANDING:
                                        
Basic
     48,962,089       48,969,795               48,714,435          
Diluted
     49,500,312       49,567,778               49,318,397          
SHARES OUTSTANDING AT PERIOD-END
     48,825,537       49,076,613               48,856,216          

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HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
SELECTED FINANCIAL DATA (UNAUDITED)
 (Dollars in Thousands)
                                         
    For the Three Months Ended  
    March 31,     December 31,     %     March 31,     %  
    2007     2006     Change     2006     Change  
AVERAGE BALANCES:
                                        
Average Gross Loans, Net of Deferred Loan Fees
   $ 2,882,632     $ 2,881,515       —     $ 2,547,421       13.2 %
Average Investment Securities
     386,688       395,313       (2.2 )%     437,576       (11.6 )%
Average Interest-Earning Assets
     3,350,245       3,349,911       —       3,036,300       10.3 %
Average Total Assets
     3,740,936       3,735,578       0.1 %     3,423,419       9.3 %
Average Deposits
     2,945,386       2,953,226       (0.3 )%     2,810,313       4.8 %
Average Borrowings
     251,594       255,700       (1.6 )%     138,362       81.8 %
Average Interest-Bearing Liabilities
     2,487,429       2,480,902       0.3 %     2,215,781       12.3 %
Average Shareholders’ Equity
     495,832       482,486       2.8 %     434,220       14.2 %
Average Tangible Equity
     276,918       268,201       3.3 %     216,723       27.8 %
 
                                        
PERFORMANCE RATIOS:
                                        
Return on Average Assets
     1.42 %     1.84 %             1.75 %        
Return on Average Shareholders’ Equity
     10.68 %     14.23 %             13.83 %        
Return on Average Tangible Equity
     19.12 %     25.61 %             27.70 %        
Efficiency Ratio
     43.64 %     39.95 %             39.51 %        
Net Interest Margin
     4.61 %     4.59 %             4.92 %        
 
                                        
ALLOWANCE FOR LOAN LOSSES:
                                        
Balance at the Beginning of Period
   $ 27,557     $ 28,276       (2.5 )%   $ 24,963       10.4 %
Provision Charged to Operating Expense
     6,374       1,631       290.8 %     2,960       115.3 %
Charge-Offs, Net of Recoveries
     (2,404 )     (2,350 )     2.3 %     (1,220 )     97.0 %
 
                              
Balance at the End of Period
   $ 31,527     $ 27,557       14.4 %   $ 26,703       18.1 %
 
                              
 
                                        
Allowance for Loan Losses to Total Gross Loans
     1.08 %     0.96 %             1.00 %        
Allowance for Loan Losses to Total Non-Performing Loans
     161.55 %     193.86 %             259.48 %        
 
                                        
ALLOWANCE FOR OFF-BALANCE SHEET ITEMS:
                                        
Balance at the Beginning of Period
   $ 2,130     $ 2,130       —     $ 2,130       —  
Provision Charged to Operating Expense
     (242 )     —       —       —       —  
 
                              
Balance at the End of Period
   $ 1,888     $ 2,130       (11.4 )%   $ 2,130       (11.4 )%
 
                              

-7-

 

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
SELECTED FINANCIAL DATA (UNAUDITED) (Continued)
 (Dollars in Thousands)
                                         
    March 31,     December 31,     %     March 31,     %  
    2007     2006     Change     2006     Change  
NON-PERFORMING ASSETS:
                                        
Non-Accrual Loans
   $ 19,509     $ 14,213       37.3 %   $ 10,282       89.7 %
Loans 90 Days or More Past Due and Still Accruing
     6       2       200.0 %     9       (33.3 )%
 
                              
Total Non-Performing Loans
     19,515       14,215       37.3 %     10,291       89.6 %
Other Real Estate Owned
     —       —       —       545       —  
 
                              
Total Non-Performing Assets
   $ 19,515     $ 14,215       37.3 %   $ 10,836       80.1 %
 
                              
 
Total Non-Performing Loans/Total Gross Loans
     0.67 %     0.50 %             0.38 %        
Total Non-Performing Assets/Total Assets
     0.52 %     0.38 %             0.31 %        
Total Non-Performing Assets/Allowance for Loan Losses
     61.9 %     51.6 %             40.6 %        
 
                                        
DELINQUENT LOANS
   $ 37,280     $ 19,616       90.0 %   $ 15,551       139.7 %
 
                              
Delinquent Loans/Total Gross Loans
     1.28 %     0.68 %             0.58 %        
 
                                        
LOAN PORTFOLIO:
                                        
Real Estate Loans
   $ 1,061,890     $ 1,041,393       2.0 %   $ 1,021,026       4.0 %
Commercial and Industrial Loans
     1,758,801       1,726,434       1.9 %     1,558,535       12.8 %
Consumer Loans
     98,909       100,121       (1.2 )%     93,828       5.4 %
 
                              
Total Gross Loans
     2,919,600       2,867,948       1.8 %     2,673,389       9.2 %
Deferred Loan Fees
     (2,413 )     (3,001 )     (19.6 )%     (4,604 )     (47.6 )%
Allowance for Loan Losses
     (31,527 )     (27,557 )     14.4 %     (26,703 )     18.1 %
 
                              
Loans Receivable, Net
   $ 2,885,660     $ 2,837,390       1.7 %   $ 2,642,082       9.2 %
 
                              
 
                                        
LOAN MIX:
                                        
Real Estate Loans
     36.4 %     36.3 %             38.2 %        
Commercial and Industrial Loans
     60.2 %     60.2 %             58.3 %        
Consumer Loans
     3.4 %     3.5 %             3.5 %        
 
                                  
Total Gross Loans
     100.0 %     100.0 %             100.0 %        
 
                                  
 
                                        
DEPOSIT PORTFOLIO:
                                        
Demand — Noninterest-Bearing
   $ 738,396     $ 728,348       1.4 %   $ 748,530       (1.4 )%
Savings
     101,526       99,254       2.3 %     114,336       (11.2 )%
Money Market Checking and NOW Accounts
     424,774       438,267       (3.1 )%     495,365       (14.3 )%
Time Deposits of $100,000 or More
     1,418,335       1,383,358       2.5 %     1,188,982       19.3 %
Other Time Deposits
     300,976       295,488       1.9 %     271,653       10.8 %
 
                              
Total Deposits
   $ 2,984,007     $ 2,944,715       1.3 %   $ 2,818,866       5.9 %
 
                              
DEPOSIT MIX:
                                        
Demand — Noninterest-Bearing
     24.7 %     24.7 %             26.6 %        
Savings
     3.4 %     3.4 %             4.1 %        
Money Market Checking and NOW Accounts
     14.2 %     14.9 %             17.6 %        
Time Deposits of $100,000 or More
     47.5 %     47.0 %             42.2 %        
Other Time Deposits
     10.2 %     10.0 %             9.5 %        
 
                                  
Total Deposits
     100.0 %     100.0 %             100.0 %        
 
                                  

-8-

 

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID (UNAUDITED)
 (Dollars in Thousands)
                                                                         
    For the Three Months Ended  
    March 31, 2007     December 31, 2006     March 31, 2006  
            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
   $ 752,673     $ 15,168       8.17 %   $ 756,961     $ 15,724       8.24 %   $ 733,101     $ 14,506       8.02 %
Construction
     212,370       4,937       9.43 %     189,948       4,662       9.74 %     160,895       3,766       9.49 %
Residential Property
     85,022       1,097       5.23 %     80,762       1,066       5.24 %     86,614       1,082       5.07 %
 
                                                      
Total Real Estate Loans
     1,050,065       21,202       8.19 %     1,027,671       21,452       8.28 %     980,610       19,354       8.00 %
Commercial and Industrial Loans
     1,736,530       38,769       9.05 %     1,758,498       39,986       9.02 %     1,477,652       31,833       8.74 %
Consumer Loans
     98,634       2,173       8.93 %     98,570       2,222       8.94 %     92,966       1,882       8.21 %
 
                                                      
Total Loans — Gross
     2,885,229       62,144       8.74 %     2,884,739       63,660       8.76 %     2,551,228       53,069       8.44 %
Prepayment Penalty Income
     —       417               —       6                       78          
Unearned Income on Loans, Net of Costs
     (2,597 )     —               (3,224 )     —               (3,807 )     —          
 
                                                            
Gross Loans, Net
   $ 2,882,632     $ 62,561       8.80 %   $ 2,881,515     $ 63,666       8.77 %   $ 2,547,421     $ 53,147       8.46 %
 
                                                      
 
                                                                        
INVESTMENT SECURITIES:
                                                                        
Municipal Bonds
   $ 72,396     $ 764       4.22 %   $ 72,670     $ 766       4.22 %   $ 73,770     $ 778       4.22 %
U.S. Government Agency Securities
     118,267       1,256       4.25 %     118,103       1,261       4.27 %     126,498       1,303       4.12 %
Mortgage-Backed Securities
     118,899       1,404       4.72 %     123,283       1,461       4.74 %     144,554       1,671       4.62 %
Collateralized Mortgage Obligations
     64,208       697       4.34 %     68,368       744       4.35 %     79,699       846       4.25 %
Corporate Bonds
     7,869       90       4.57 %     7,914       89       4.50 %     8,034       90       4.48 %
Other Securities
     5,049       84       6.65 %     4,975       84       6.75 %     5,021       85       6.77 %
 
                                                      
Total Investment Securities
   $ 386,688     $ 4,295       4.44 %   $ 395,313     $ 4,405       4.46 %   $ 437,576     $ 4,773       4.36 %
 
                                                      
 
                                                                        
OTHER INTEREST-EARNING ASSETS:
                                                                        
Equity Securities (FHLB and FRB Stock)
   $ 25,008     $ 369       5.90 %   $ 24,877     $ 357       5.74 %   $ 24,610     $ 325       5.28 %
Federal Funds Sold
     55,528       726       5.23 %     48,043       654       5.45 %     26,593       289       4.35 %
Term Federal Funds Sold
     389       5       5.14 %     163       2       4.91 %     —       —       0.00 %
Interest-Earning Deposits
     —       —       0.00 %     —       —       0.00 %     100       1       0.00 %
 
                                                      
Total Other Interest-Earning Assets
   $ 80,925     $ 1,100       5.44 %   $ 73,083     $ 1,013       5.54 %   $ 51,303     $ 615       4.80 %
 
                                                      
TOTAL INTEREST-EARNING ASSETS
   $ 3,350,245     $ 67,956       8.23 %   $ 3,349,911     $ 69,084       8.18 %   $ 3,036,300     $ 58,535       7.82 %
 
                                                      
INTEREST-BEARING LIABILITIES
                                                                        
 
                                                                        
DEPOSITS:
                                                                        
Savings
   $ 100,777     $ 461       1.86 %   $ 98,892     $ 451       1.81 %   $ 117,761     $ 482       1.66 %
Money Market Checking and NOW Accounts
     427,871       3,472       3.29 %     442,747       3,675       3.29 %     519,628       3,714       2.90 %
Time Deposits of $100,000 or More
     1,406,311       18,498       5.33 %     1,392,240       18,650       5.31 %     1,167,270       12,784       4.44 %
Other Time Deposits
     300,876       3,650       4.92 %     291,323       3,570       4.86 %     272,760       2,611       3.88 %
 
                                                      
Total Interest-Bearing Deposits
   $ 2,235,835     $ 26,081       4.73 %   $ 2,225,202     $ 26,346       4.70 %   $ 2,077,419     $ 19,591       3.82 %
 
                                                      
 
                                                                        
BORROWINGS:
                                                                        
FHLB Advances and Other Borrowings
   $ 169,188     $ 2,171       5.20 %   $ 173,294     $ 2,278       5.22 %   $ 55,956     $ 614       4.45 %
Junior Subordinated Debentures
     82,406       1,639       8.07 %     82,406       1,682       8.10 %     82,406       1,475       7.26 %
 
                                                      
Total Borrowings
   $ 251,594     $ 3,810       6.14 %   $ 255,700     $ 3,960       6.14 %   $ 138,362     $ 2,089       6.12 %
 
                                                      
TOTAL INTEREST-BEARING LIABILITIES
   $ 2,487,429     $ 29,891       4.87 %   $ 2,480,902     $ 30,306       4.85 %   $ 2,215,781     $ 21,680       3.97 %
 
                                                      
 
                                                                        
NET INTEREST SPREAD
                     3.36 %                     3.33 %                     3.85 %
 
                                                                  
 
                                                                        
NET INTEREST MARGIN
                     4.61 %                     4.59 %                     4.92 %
 
                                                                  

-9-