EXHIBIT 99.1

Hanmi Financial Corporation’s
Second-Quarter 2008 Financial Results
Include Goodwill Impairment Charge

LOS ANGELES – July 29, 2008 – Hanmi Financial Corporation (NASDAQ:HAFC) (“we,” “our” or “Hanmi”), the holding company for Hanmi Bank (“the Bank”), reported a second-quarter net loss of $105.5 million, or ($2.30) per share, which includes a non-cash goodwill impairment charge of $107.4 million and a provision for credit losses of $19.2 million, compared to net income of $15.3 million, or $0.31 per diluted share, in the second quarter of 2007. For the six months ended June 30, 2008, Hanmi reported a net loss of $102.6 million, or ($2.24) per share, compared to net income of $28.3 million, or $0.58 per diluted share, in the first six months of 2007.

The goodwill subject to impairment was primarily associated with the April 2004 acquisition of Pacific Union Bank, whose twelve branches continue to make significant contributions to the Bank’s core operations. The second quarter 2008 goodwill impairment charge, like a similar charge of $102.9 million incurred in the fourth quarter of 2007, is a non-cash item. U.S. generally accepted accounting principles (“GAAP”) require that when an event or a significant adverse change in market conditions occurs, then an assessment of impairment of goodwill must be performed. GAAP requires that a company use the most readily available indicator of market value, which is the market price of its stock, as part of its assessment of goodwill impairment. Accordingly, we determined that the market value of our common stock was not sufficient to support the carrying value of the remaining goodwill on the balance sheet. Because of this charge, there is no longer any goodwill on our balance sheet.

Jay S. Yoo, Hanmi’s recently appointed President and Chief Executive Officer (“CEO”), noted, “The Bank’s capital levels and liquidity position remain adequate. Moreover,” said Yoo, “I would like to reaffirm our commitment to serving the long-term interests of both our customers and our shareholders. Fulfilling that commitment requires that we bring greater stability to both our operations and our operating performance. Accordingly, since my appointment as President and CEO last month, we have begun implementing programs designed to enhance credit quality and operating efficiencies. For example, we are restructuring our credit administration functions by centralizing the credit underwriting function at three locations, creating a central monitoring mechanism to monitor all loans, and increasing resources in departments of the Bank engaged in addressing problem assets.

“Of necessity, I have learned a lot in my thirty-seven years in commercial banking. It is apparent that, in the early years of this decade, many in the banking industry became somewhat complacent in the face of easy credit, historically low interest rates and a booming economy characterized by an extraordinarily robust real estate market. We have not been immune to the pervasive and adverse effects of tighter credit and a slowing economy. We are focusing our attention on improving credit quality rather than growing our asset base. Among other things, we are more closely and frequently reviewing and monitoring all loans that are special mention and impaired.

“We are, of course, confident in Hanmi’s future and will work hard to strengthen our loan portfolio and use our best efforts to build our deposit base. We are committed to ensuring Hanmi’s continuing success. Our customers and shareholders deserve nothing less.”

Results of Operations

The tables below provide a reconciliation between various GAAP and non-GAAP metrics — including non-interest expenses, net income and earnings per share — that exclude the effect of the goodwill impairment charge for the three- and six-month periods ended June 30, 2008. We have provided them in the belief that they can be useful in evaluating our core operating performance. All subsequent references to non-GAAP metrics are to these tables.

		Three Months Ended June 30, 2008												Six Months Ended June 30, 2008
		Net				Weighted-								Net				Weighted-
		Income				Average				Per				Income				Average				Per
		(Loss)				Shares				Share				(Loss)				Shares				Share
		(Numerator)				(Denominator)				Amount				(Numerator)				(Denominator)				Amount
						(Dollars in Thousands, Except Per Share Amounts)
GAAP Net Loss		$	(105,547	)			45,881,549			$	(2.30	)		$	(102,626	)			45,861,963			$	(2.24	)
Impairment Loss on Goodwill			107,393												107,393
Dilutive Securities — Options							62,684			$	2.34								67,524			$	2.34
Non-GAAP Net Income, Excluding
Impairment Loss on Goodwill		$	1,846				45,944,233			$	0.04			$	4,767				45,929,487			$	0.10

		Three Months Ended June 30, 2008												Six Months Ended June 30, 2008
						Less												Less
						Impairment												Impairment
						Loss on												Loss on
		GAAP				Goodwill				Non-GAAP				GAAP				Goodwill				Non-GAAP
										(Dollars in Thousands)
Total Non-Interest Expenses		$	129,443			$	(107,393	)		$	22,050			$	151,031			$	(107,393	)		$	43,638
Return on Average Assets			(10.83	)%			11.02	%			0.19	%			(5.23	)%			5.47	%			0.24	%
Return on Average Shareholders’ Equity			(112.57	)%			114.54	%			1.97	%			(54.59	)%			57.13	%			2.54	%
Return on Average Tangible Equity			(160.37	)%			163.17	%			2.80	%			(77.90	)%			81.52	%			3.62	%
Efficiency Ratio			296.07	%			(245.64	)%			50.43	%			172.25	%			(122.48	)%			49.77	%

Excluding the goodwill impairment charge, non-GAAP net income was $1.8 million, or $0.04 per diluted share, compared to net income of $2.9 million, or $0.06 per diluted share, reported in the first quarter of 2008. For the six months, ended June 30, 2008, non-GAAP net income was $4.8 million, or $0.10 per diluted share, compared to net income of $28.3 million, or $0.58 per diluted share, in the first six months of 2007. The disappointing second-quarter results reflect a number of factors, notably continuing weakness in the loan portfolio and the resulting provision for credit losses of $19.2 million.

Total non-interest income in the second quarter of 2008 was $9.7 million compared to $9.8 million in the first quarter and $10.7 million a year ago. First quarter 2008 non-interest income included a $618,000 gain on sales of securities, for which there were no comparable sales in the second quarter; this was largely offset by an increase of $580,000 in other income, to a total of $917,000, attributable primarily to a $450,000 refund of a previously paid fee to an outside vendor. Gain on sales of loans more than doubled, to $552,000 in the second quarter of 2008 from $213,000 in the first quarter of 2008 due to higher sales volume. In the second quarter of 2008, $17.1 million of loans were sold at an average gain of 3.2 percent, compared to $6.2 million and 3.5 percent in the first quarter of 2008.

Total non-interest expense in the second quarter of 2008 was $129.4 million compared to $21.6 million in the first quarter and $21.5 million a year ago. Excluding the goodwill impairment charge, non-GAAP non-interest expenses were $22.1 million in the second quarter of 2008, or $462,000 higher than in the first quarter of 2008. “Longer term, we expect to reduce non-interest expenses — with corresponding improvements in the efficiency ratio — as we implement a program to tighten the Bank’s operations, streamline its organizational structure and optimize overhead,” said Brian Cho, Chief Financial Officer. “I would emphasize, however, that such changes take time to affect the bottom line.”

For the second quarter of 2008, the efficiency ratio (non-interest expenses divided by the sum of net interest income before provision for credit losses and non-interest income) was 296.07 percent, or 50.43 percent excluding the goodwill impairment charge, compared to 49.11 percent in the first quarter of 2008 and 43.70 percent in the comparable period a year ago.

Net interest income before provision for credit losses decreased by $129,000, or 0.4 percent, to $34.1 million compared to $34.2 million in the first quarter of 2008. The weak economy continues to take a toll on the Bank’s borrowers. The second quarter 2008 provision for credit losses increased to $19.2 million compared to $17.8 million in the first quarter and $3.0 million in the comparable period a year ago. Charge-offs, net of recoveries, were $8.2 million in the second quarter of 2008 compared to $2.5 million in the second quarter of 2007.

The full effect of the Federal Reserve Bank’s 200-basis-point cut in short-term interest rates in early 2008 on our interest-earning assets was reflected in the second quarter of 2008, when the yield on the loan portfolio declined by 60 basis points to 6.78 percent from 7.38 percent in the first quarter of 2008. On the other hand, as time deposits matured, we experienced a positive effect in the cost of average interest-bearing deposits, which decreased by 56 basis points to 3.70 percent from 4.26 percent in the prior quarter.

Net interest margin was 3.75 percent compared to 3.73 percent in the first quarter of 2008 and 4.50 percent in the second quarter of 2007. “I would caution that competition for deposits remains intense,” said Cho, “and we do not expect to see significant margin expansion for some time to come.”

Balance Sheet and Asset Quality

At June 30, 2008, total assets were $3.85 billion compared to $3.94 billion at March 31, 2008, a reduction of $95.3 million, or 2.4 percent. Gross loans increased by $49.1 million, or 1.5 percent, to $3.36 billion at June 30, 2008, compared to $3.31 billion at March 31, 2008. Total deposits declined by $66.2 million, or 2.2 percent, to $2.96 billion at June 30, 2008, compared to $3.03 billion at March 31, 2008. FHLB advances and other borrowings increased by $84.6 million, or 20.3 percent, to $500.1 million at June 30, 2008, compared to $415.6 million at March 31, 2008. “The bulk of the reduction in total assets,” said Yoo, “is attributable to the second-quarter goodwill impairment charge.”

As of June 30, 2008, the allowance for loan losses was $63.0 million, or 1.88 percent of gross loans (56.14 percent of non-performing loans), compared to $53.0 million, or 1.60 percent of gross loans (59.72 percent of non-performing loans), at March 31, 2008, and $32.2 million, or 1.05 percent of gross loans (142.30 percent of non-performing loans), at June 30, 2007.

As of June 30, 2008, non-performing loans increased to $112.2 million (3.34 percent of gross loans), compared to $88.7 million (2.68 percent of gross loans) at March 31, 2008. Delinquent loans increased to $138.4 million (4.12 percent of total gross loans) at June 30, 2008, compared to $105.8 million (3.20 percent of total gross loans) at March 31, 2008. The majority of the $23.5 million and $32.5 million sequential increases in non-performing and delinquent loans, respectively, is attributable to a $24.2 million commercial term loan.

“We face a number of challenges in an environment characterized by a sluggish economy and aggressive pricing of both loans and deposits,” added Yoo, “For Hanmi, none of these challenges is more important than the improvement in credit quality. In addition to monitoring delinquent loans, we are working diligently at the early identification of potential weaknesses in currently performing loans. Here our aim is twofold: where appropriate, to work with a borrower to address small problems before they become more serious and possibly jeopardize the status of the loan; and, based on this and other analyses, to ensure that our reserves are adequate for losses inherent in the loan portfolio.”

Capital Adequacy

The Bank’s capital ratios exceed levels defined as “well-capitalized” by our regulators. At June 30, 2008, the Bank’s Tier 1 Leverage, Tier 1 Risk-Based Capital and Total Risk-Based Capital ratios were 8.60 percent, 9.39 percent and 10.64 percent, respectively, compared to 8.74 percent, 9.54 percent and 10.79 percent, respectively, at March 31, 2008.

“Consistent with our attention to asset quality rather than total assets,” Yoo said, “we anticipate that, absent a severe and unduly prolonged deterioration in the credit markets, our existing capital, augmented by future net income, will be sufficient to maintain our well-capitalized status and support measured growth in our business.”

Yoo continued, “Hanmi’s Board of Directors will continue to monitor the appropriateness of the cash dividend in light of changing market conditions. Our current view is that a $0.03 per share quarterly dividend provides a reasonable balance between preserving capital and providing investors with a cash return on their investment. In addition, as previously disclosed, our ability to pay a cash dividend is also dependent on receipt of regulatory approvals from the Federal Reserve Board and the California Department of Financial Institutions.”

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 25 full-service offices in Los Angeles County, Orange County, San Bernardino County, San Diego County, the San Francisco Bay area, and the Silicon Valley area in Santa Clara County, and eight 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.

This release includes non-GAAP net income, non-GAAP earnings per share data, shares used in non-GAAP earnings per share calculation and non-GAAP non-interest expenses. These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. We believe that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP and that these measures should be used only to evaluate our results of operations in conjunction with the corresponding GAAP measures.

We believe that the presentation of non-GAAP net income, non-GAAP earnings per share data, non-GAAP performance ratios, shares used in non-GAAP earnings per share calculation, and non-GAAP non-interest expenses, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to our financial condition and results of operations. In addition, we believe that the presentation of non-GAAP income provides useful information to investors and management regarding operating activities for the periods presented.

For the internal budgeting process, our management uses financial statements that do not include impairment losses on goodwill. Our management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing our financial results.

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; 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; the ability of borrowers to perform under the terms of their loans and other terms of credit agreements; 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, 2007, 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.

Contact

Hanmi Financial Corporation

BRIAN E. CHO		STEPHANIE YOON
Chief Financial Officer		Investor Relations
(213) 368-3200		(213) 427-5631

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

		June 30,				December 31,				%				June 30,				%
		2008				2007				Change				2007				Change
ASSETS
Cash and Due from Banks		$	110,222			$	105,898				4.1	%		$	98,020				12.4	%
Federal Funds Sold			10,000				16,500				(39.4	)%			23,800				(58.0	)%
Cash and Cash Equivalents			120,222				122,398				(1.8	)%			121,820				(1.3	)%
Investment Securities			262,601				350,457				(25.1	)%			364,732				(28.0	)%
Loans:
Gross Loans, Net of Deferred Loan Fees			3,352,879				3,284,708				2.1	%			3,055,921				9.7	%
Allowance for Loan Losses			(62,977	)			(43,611	)			44.4	%			(32,190	)			95.6	%
Loans Receivable, Net			3,289,902				3,241,097				1.5	%			3,023,731				8.8	%
Customers’ Liability on Acceptances			6,717				5,387				24.7	%			12,753				(47.3	)%
Premises and Equipment, Net			20,801				20,800				—				20,361				2.2	%
Accrued Interest Receivable			13,155				17,411				(24.4	)%			17,313				(24.0	)%
Other Real Estate Owned			—				287				(100.0	)%			1,080				(100.0	)%
Servicing Assets			4,328				4,336				(0.2	)%			4,417				(2.0	)%
Goodwill			—				107,100				(100.0	)%			209,941				(100.0	)%
Other Intangible Assets			5,882				6,908				(14.9	)%			8,027				(26.7	)%
Federal Reserve Bank and Federal Home Loan Bank Stock			41,130				33,479				22.9	%			25,352				62.2	%
Bank-Owned Life Insurance			24,998				24,525				1.9	%			24,051				3.9	%
Other Assets			55,371				49,472				11.9	%			37,319				48.4	%
TOTAL ASSETS		$	3,845,107			$	3,983,657				(3.5	)%		$	3,870,897				(0.7	)%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits:
Noninterest-Bearing		$	683,846			$	680,282				0.5	%		$	720,214				(5.0	)%
Interest-Bearing			2,277,714				2,321,417				(1.9	)%			2,252,932				1.1	%
Total Deposits			2,961,560				3,001,699				(1.3	)%			2,973,146				(0.4	)%
Accrued Interest Payable			16,583				21,828				(24.0	)%			23,343				(29.0	)%
Acceptances Outstanding			6,717				5,387				24.7	%			12,753				(47.3	)%
FHLB Advances and Other Borrowings			500,107				487,164				2.7	%			278,784				79.4	%
Junior Subordinated Debentures			82,406				82,406				—				82,406				—
Other Liabilities			16,229				14,617				11.0	%			15,302				6.1	%
Total Liabilities			3,583,602				3,613,101				(0.8	)%			3,385,734				5.8	%
Shareholders’ Equity			261,505				370,556				(29.4	)%			485,163				(46.1	)%
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	3,845,107			$	3,983,657				(3.5	)%		$	3,870,897				(0.7	)%

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

		Three Months Ended																				Six Months Ended
		June 30,				March 31,				%				June 30,				%				June 30,				June 30,				%
		2008				2008				Change				2007				Change				2008				2007				Change
INTEREST AND DIVIDEND INCOME:
Interest and Fees on Loans		$	55,905			$	60,598				(7.7	)%		$	65,212				(14.3	)%		$	116,503			$	127,773				(8.8	)%
Taxable Interest on Investments			2,579				3,116				(17.2	)%			3,374				(23.6	)%			5,695				6,905				(17.5	)%
Tax-Exempt Interest on Investments			662				759				(12.8	)%			762				(13.1	)%			1,421				1,526				(6.9	)%
Dividends on FHLB and FRB Stock			486				414				17.4	%			336				44.6	%			900				705				27.7	%
Interest on Federal Funds Sold			31				83				(62.7	)%			176				(82.4	)%			114				902				(87.4	)%
Interest on Term Federal Funds Sold			—				—				—				—				—				—				5				(100.0	)%
Total Interest and Dividend Income			59,663				64,970				(8.2	)%			69,860				(14.6	)%			124,633				137,816				(9.6	)%
INTEREST EXPENSE:
Interest on Deposits			20,487				24,847				(17.5	)%			26,797				(23.5	)%			45,334				52,986				(14.4	)%
Interest on FHLB Advances and Other Borrowings			3,944				4,477				(11.9	)%			2,919				35.1	%			8,421				5,090				65.4	%
Interest on Junior Subordinated Debentures			1,164				1,449				(19.7	)%			1,660				(29.9	)%			2,613				3,299				(20.8	)%
Total Interest Expense			25,595				30,773				(16.8	)%			31,376				(18.4	)%			56,368				61,375				(8.2	)%
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES			34,068				34,197				(0.4	)%			38,484				(11.5	)%			68,265				76,441				(10.7	)%
Provision for Credit Losses			19,229				17,821				7.9	%			3,023				536.1	%			37,050				9,155				304.7	%
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES			14,839				16,376				(9.4	)%			35,461				(58.2	)%			31,215				67,286				(53.6	)%
NON-INTEREST INCOME:
Service Charges on Deposit Accounts			4,539				4,717				(3.8	)%			4,438				2.3	%			9,256				8,926				3.7	%
Insurance Commissions			1,384				1,315				5.2	%			1,279				8.2	%			2,699				2,404				12.3	%
Trade Finance Fees			825				865				(4.6	)%			1,177				(29.9	)%			1,690				2,467				(31.5	)%
Remittance Fees			539				505				6.7	%			520				3.7	%			1,044				991				5.3	%
Other Service Charges and Fees			703				716				(1.8	)%			574				22.5	%			1,419				1,190				19.2	%
Bank-Owned Life Insurance Income			234				240				(2.5	)%			229				2.2	%			474				459				3.3	%
Change in Fair Value of Derivatives			(41	)			239				(117.2	)%			222				(118.5	)%			198				314				(36.9	)%
Other Income			917				337				172.1	%			491				86.8	%			1,254				766				63.7	%
Gain on Sales of Loans			552				213				159.2	%			1,762				(68.7	)%			765				3,162				(75.8	)%
Gain on Sales of Securities Available for Sale			—				618				(100.0	)%			—				—				618				—				—
Total Non-Interest Income			9,652				9,765				(1.2	)%			10,692				(9.7	)%			19,417				20,679				(6.1	)%
NON-INTEREST EXPENSES:
Salaries and Employee Benefits			11,301				11,280				0.2	%			10,782				4.8	%			22,581				22,543				0.2	%
Occupancy and Equipment			2,792				2,782				0.4	%			2,571				8.6	%			5,574				5,083				9.7	%
Data Processing			1,698				1,534				10.7	%			1,665				2.0	%			3,232				3,228				0.1	%
Professional Fees			995				985				1.0	%			647				53.8	%			1,980				1,121				76.6	%
Advertising and Promotion			888				812				9.4	%			889				(0.1	)%			1,700				1,550				9.7	%
Supplies and Communications			623				704				(11.5	)%			704				(11.5	)%			1,327				1,292				2.7	%
Amortization of Other Intangible Assets			502				524				(4.2	)%			592				(15.2	)%			1,026				1,206				(14.9	)%
Decrease in Fair Value of Embedded Option			—				—				—				196				(100.0	)%			—				196				(100.0	)%
Other Operating Expenses			3,251				2,967				9.6	%			3,444				(5.6	)%			6,218				6,240				(0.4	)%
Impairment Loss on Goodwill			107,393				—				—				—				—				107,393				—				—
Total Non-Interest Expenses			129,443				21,588				499.6	%			21,490				502.3	%			151,031				42,459				255.7	%
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES			(104,952	)			4,553				(2,405.1	)%			24,663				(525.5	)%			(100,399	)			45,506				(320.6	)%
Provision for Income Taxes			595				1,632				(63.5	)%			9,401				(93.7	)%			2,227				17,252				(87.1	)%
NET INCOME (LOSS)		$	(105,547	)		$	2,921				(3,713.4	)%		$	15,262				(791.6	)%		$	(102,626	)		$	28,254				(463.2	)%
EARNINGS (LOSS) PER SHARE:
Basic		$	(2.30	)		$	0.06							$	0.32							$	(2.24	)		$	0.58
Diluted		$	(2.30	)		$	0.06							$	0.31							$	(2.24	)		$	0.58
WEIGHTED-AVERAGE SHARES OUTSTANDING:
Basic			45,881,549				45,842,376								48,397,824								45,861,963				48,678,399
Diluted			45,881,549				45,918,143								48,737,574								45,861,963				49,110,835
SHARES OUTSTANDING AT PERIOD-END			45,900,549				45,905,549								47,950,929								45,900,549				47,950,929

 

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

		Three Months Ended																				Six Months Ended
		June 30,				March 31,				%				June 30,				%				June 30,				June 30,				%
		2008				2008				Change				2007				Change				2008				2007				Change
AVERAGE BALANCES:
Average Gross Loans, Net of Deferred Loan Fees		$	3,317,061			$	3,303,141				0.4	%		$	3,014,895				10.0	%		$	3,310,101			$	2,949,129				12.2	%
Average Investment Securities			296,790				342,123				(13.3	)%			375,598				(21.0	)%			319,457				381,113				(16.2	)%
Average Interest-Earning Assets			3,657,676				3,689,650				(0.9	)%			3,429,123				6.7	%			3,673,663				3,389,901				8.4	%
Average Total Assets			3,920,796				3,965,425				(1.1	)%			3,818,170				2.7	%			3,944,199				3,780,147				4.3	%
Average Deposits			2,882,506				2,995,315				(3.8	)%			2,967,748				(2.9	)%			2,938,910				2,956,629				(0.6	)%
Average Borrowings			621,239				553,138				12.3	%			304,744				103.9	%			587,189				278,316				111.0	%
Average Interest-Bearing Liabilities			2,851,021				2,897,209				(1.6	)%			2,551,665				11.7	%			2,874,115				2,519,725				14.1	%
Average Stockholders’ Equity			377,096				377,411				(0.1	)%			495,719				(23.9	)%			378,030				497,444				(24.0	)%
Average Tangible Equity			264,710				263,624				0.4	%			277,414				(4.6	)%			264,943				278,835				(5.0	)%
PERFORMANCE RATIOS:
Return on Average Assets			(10.83	)%			0.30	%							1.60	%							(5.23	)%			1.51	%
Return on Average Stockholders’ Equity			(112.57	)%			3.11	%							12.35	%							(54.59	)%			11.45	%
Return on Average Tangible Equity			(160.37	)%			4.46	%							22.07	%							(77.90	)%			20.43	%
Efficiency Ratio			296.07	%			49.11	%							43.70	%							172.25	%			43.72	%
Net Interest Spread			2.95	%			2.81	%							3.24	%							2.88	%			3.29	%
Net Interest Margin			3.75	%			3.73	%							4.50	%							3.74	%			4.55	%
ALLOWANCE FOR LOAN LOSSES:
Balance at the Beginning of Period		$	52,986			$	43,611				21.5	%		$	31,527				68.1	%		$	43,611			$	27,557				58.3	%
Provision Charged to Operating Expense			18,211				16,672				9.2	%			3,181				472.5	%			34,883				9,555				265.1	%
Charge-Offs, Net of Recoveries			(8,220	)			(7,297	)			12.6	%			(2,518	)			226.4	%			(15,517	)			(4,922	)			215.3	%
Balance at End of Period		$	62,977			$	52,986				18.9	%		$	32,190				95.6	%		$	62,977			$	32,190				95.6	%
Allowance for Loan Losses to Total Gross Loans			1.88	%			1.60	%							1.05	%							1.88	%			1.05	%
Allowance for Loan Losses to Total Non-Performing Loans			56.14	%			59.72	%							142.30	%							56.14	%			142.30	%
ALLOWANCE FOR OFF-BALANCE SHEET ITEMS:
Balance at the Beginning of Period		$	2,914			$	1,765				65.1	%		$	1,888				54.3	%		$	1,765			$	2,130				(17.1	)%
Provision Charged to Operating Expense			1,018				1,149				(11.4	)%			(158	)			(92.8	)%			2,167				(400	)			(641.8	)%
Balance at End of Period		$	3,932			$	2,914				34.9	%		$	1,730				127.3	%		$	3,932			$	1,730				127.3	%

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

		June 30,				March 31,				%				June 30,				%
		2008				2008				Change				2007				Change
NON-PERFORMING ASSETS:
Non-Accrual Loans		$	112,024			$	88,529				26.5	%		$	22,442				399.2	%
Loans 90 Days or More Past Due and Still Accruing			158				191				(17.3	)%			179				(11.7	)%
Total Non-Performing Loans			112,182				88,720				26.4	%			22,621				395.9	%
Other Real Estate Owned			—				—				—				1,080				(100.0	)%
Total Non-Performing Assets		$	112,182			$	88,720				26.4	%		$	23,701				373.3	%
Total Non-Performing Loans/Total Gross Loans			3.34	%			2.68	%							0.74	%
Total Non-Performing Assets/Total Assets			2.92	%			2.25	%							0.61	%
Total Non-Performing Assets/Allowance for Loan Losses			178.1	%			167.4	%							73.6	%
DELINQUENT LOANS		$	138,373			$	105,842				30.7	%		$	31,979				332.7	%
Delinquent Loans/Total Gross Loans			4.12	%			3.20	%							1.05	%
LOAN PORTFOLIO:
Real Estate Loans		$	1,158,480			$	1,092,121				6.1	%		$	1,062,460				9.0	%
Commercial and Industrial Loans			2,108,506				2,123,741				(0.7	)%			1,898,097				11.1	%
Consumer Loans			88,062				90,087				(2.2	)%			97,496				(9.7	)%
Total Gross Loans			3,355,048				3,305,949				1.5	%			3,058,053				9.7	%
Deferred Loan Fees			(2,169	)			(1,910	)			13.6	%			(2,132	)			1.7	%
Gross Loans, Net of Deferred Loan Fees			3,352,879				3,304,039				1.5	%			3,055,921				9.7	%
Allowance for Loan Losses			(62,977	)			(52,986	)			18.9	%			(32,190	)			95.6	%
Loans Receivable, Net		$	3,289,902			$	3,251,053				1.2	%		$	3,023,731				8.8	%
LOAN MIX:
Real Estate Loans			34.5	%			33.0	%							34.7	%
Commercial and Industrial Loans			62.8	%			64.2	%							62.1	%
Consumer Loans			2.7	%			2.8	%							3.2	%
Total Gross Loans			100.0	%			100.0	%							100.0	%
DEPOSIT PORTFOLIO:
Noninterest-Bearing		$	683,846			$	676,471				1.1	%		$	720,214				(5.0	)%
Savings			93,747				92,189				1.7	%			97,019				(3.4	)%
Money Market Checking and NOW Accounts			728,601				696,552				4.6	%			438,973				66.0	%
Time Deposits of $100,000 or More			1,050,942				1,248,853				(15.8	)%			1,408,237				(25.4	)%
Other Time Deposits			404,424				313,703				28.9	%			308,703				31.0	%
Total Deposits		$	2,961,560			$	3,027,768				(2.2	)%		$	2,973,146				(0.4	)%
DEPOSIT MIX:
Noninterest-Bearing			23.1	%			22.3	%							24.2	%
Savings			3.2	%			3.0	%							3.3	%
Money Market Checking and NOW Accounts			24.6	%			23.0	%							14.8	%
Time Deposits of $100,000 or More			35.5	%			41.2	%							47.4	%
Other Time Deposits			13.6	%			10.5	%							10.3	%
Total Deposits			100.0	%			100.0	%							100.0	%

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

		Three Months Ended																																				Six Months Ended
		June 30, 2008												March 31, 2008												June 30, 2007												June 30, 2008												June 30, 2007
						Interest				Average								Interest				Average								Interest				Average								Interest				Average								Interest				Average
		Average				Income/				Yield/				Average				Income/				Yield/				Average				Income/				Yield/				Average				Income/				Yield/				Average				Income/				Yield/
		Balance				Expense				Rate				Balance				Expense				Rate				Balance				Expense				Rate				Balance				Expense				Rate				Balance				Expense				Rate
INTEREST-EARNING ASSETS
Loans:
Real Estate Loans:
Commercial Property		$	804,745			$	13,810				6.90	%		$	790,350			$	14,480				7.37	%		$	769,112			$	15,534				8.10	%		$	797,548			$	28,290				7.13	%		$	760,938			$	30,702				8.14	%
Construction			208,074				2,649				5.12	%			217,609				2,893				5.35	%			215,760				5,137				9.55	%			212,842				5,542				5.24	%			214,074				10,075				9.49	%
Residential Property			89,949				1,205				5.39	%			89,512				1,170				5.26	%			86,596				1,157				5.36	%			89,730				2,375				5.32	%			85,813				2,254				5.30	%
Total Real Estate Loans			1,102,768				17,664				6.44	%			1,097,471				18,543				6.80	%			1,071,468				21,828				8.17	%			1,100,120				36,207				6.62	%			1,060,825				43,031				8.18	%
Commercial and Industrial Loans			2,127,882				36,236				6.85	%			2,117,501				40,052				7.61	%			1,848,369				41,083				8.92	%			2,122,691				76,288				7.23	%			1,792,760				79,976				9.00	%
Consumer Loans			88,491				1,596				7.25	%			90,280				1,698				7.56	%			97,175				2,139				8.83	%			89,385				3,294				7.41	%			97,900				4,186				8.62	%
Total Gross Loans			3,319,141				55,496				6.72	%			3,305,252				60,293				7.34	%			3,017,012				65,050				8.65	%			3,312,196				115,789				7.03	%			2,951,485				127,193				8.69	%
Prepayment Penalty Income			—				409				—				—				305				—				—				162				—				—				714				—				—				580				—
Unearned Income on Loans, Net of Costs			(2,080	)			—				—				(2,111	)			—				—				(2,117	)			—				—				(2,095	)			—				—				(2,356	)			—				—
Gross Loans, Net			3,317,061				55,905				6.78	%			3,303,141				60,598				7.38	%			3,014,895				65,212				8.68	%			3,310,101				116,503				7.08	%			2,949,129				127,773				8.74	%
Investment Securities:
Municipal Bonds			63,177				662				4.19	%			71,879				759				4.22	%			72,284				762				4.22	%			67,528				1,421				4.21	%			72,340				1,526				4.22	%
U.S. Government Agency Securities			84,088				884				4.21	%			109,860				1,245				4.53	%			118,696				1,233				4.16	%			96,974				2,129				4.39	%			118,483				2,489				4.20	%
Mortgage-Backed Securities			91,488				1,076				4.70	%			97,088				1,176				4.85	%			111,568				1,317				4.72	%			94,288				2,252				4.78	%			115,213				2,721				4.72	%
Collateralized Mortgage Obligations			46,411				487				4.20	%			49,932				534				4.28	%			60,199				651				4.33	%			48,172				1,021				4.24	%			62,193				1,348				4.33	%
Corporate Bonds			7,779				89				4.58	%			9,509				109				4.59	%			7,907				89				4.50	%			8,644				198				4.58	%			7,888				179				4.54	%
Other Securities			3,847				42				4.37	%			3,855				52				5.40	%			4,944				84				6.80	%			3,851				94				4.88	%			4,996				168				6.73	%
Total Investment Securities			296,790				3,240				4.37	%			342,123				3,875				4.53	%			375,598				4,136				4.40	%			319,457				7,115				4.45	%			381,113				8,431				4.42	%
Other Interest-Earning Assets:
Equity Securities (FHLB and FRB Stock)			38,031				486				5.11	%			33,490				414				4.94	%			25,290				336				5.31	%			35,760				900				5.03	%			25,149				705				5.61	%
Federal Funds Sold			5,621				31				2.21	%			10,896				83				3.05	%			13,340				176				5.28	%			8,258				114				2.76	%			34,317				902				5.26	%
Term Federal Funds Sold			—				—				—				—				—				—				—				—				—				—				—				—				193				5				5.18	%
Interest-Earning Deposits			173				1				2.31	%			—				—				—				—				—				—				87				1				2.30	%			—				—				—
Total Other Interest-Earning Assets			43,825				518				4.73	%			44,386				497				4.48	%			38,630				512				5.30	%			44,105				1,015				4.60	%			59,659				1,612				5.40	%
TOTAL INTEREST-EARNING ASSETS		$	3,657,676			$	59,663				6.56	%		$	3,689,650			$	64,970				7.08	%		$	3,429,123			$	69,860				8.17	%		$	3,673,663			$	124,633				6.82	%		$	3,389,901			$	137,816				8.20	%
INTEREST-BEARING LIABILITIES
Interest-Bearing Deposits:
Savings		$	91,803			$	527				2.31	%		$	92,467			$	527				2.29	%		$	99,457			$	502				2.02	%		$	92,135			$	1,054				2.30	%		$	100,114			$	963				1.94	%
Money Market Checking and NOW Accounts			718,257				5,707				3.20	%			557,493				4,660				3.36	%			432,408				3,666				3.40	%			637,875				10,367				3.27	%			430,152				7,138				3.35	%
Time Deposits of $100,000 or More			1,098,990				11,040				4.04	%			1,354,466				15,687				4.66	%			1,411,099				18,778				5.34	%			1,226,728				26,727				4.38	%			1,408,718				37,276				5.34	%
Other Time Deposits			320,732				3,213				4.03	%			339,645				3,973				4.70	%			303,957				3,851				5.08	%			330,188				7,186				4.38	%			302,425				7,609				5.07	%
Total Interest-Bearing Deposits			2,229,782				20,487				3.70	%			2,344,071				24,847				4.26	%			2,246,921				26,797				4.78	%			2,286,926				45,334				3.99	%			2,241,409				52,986				4.77	%
Borrowings:
FHLB Advances and Other Borrowings			538,833				3,944				2.94	%			470,732				4,477				3.83	%			222,338				2,919				5.27	%			504,783				8,421				3.35	%			195,910				5,090				5.24	%
Junior Subordinated Debentures			82,406				1,164				5.68	%			82,406				1,449				7.07	%			82,406				1,660				8.08	%			82,406				2,613				6.38	%			82,406				3,299				8.07	%
Total Borrowings			621,239				5,108				3.31	%			553,138				5,926				4.31	%			304,744				4,579				6.03	%			587,189				11,034				3.78	%			278,316				8,389				6.08	%
TOTAL INTEREST-BEARING LIABILITIES		$	2,851,021			$	25,595				3.61	%		$	2,897,209			$	30,773				4.27	%		$	2,551,665			$	31,376				4.93	%		$	2,874,115			$	56,368				3.94	%		$	2,519,725			$	61,375				4.91	%
NET INTEREST INCOME						$	34,068											$	34,197											$	38,484											$	68,265											$	76,441
NET INTEREST SPREAD											2.95	%											2.81	%											3.24	%											2.88	%											3.29	%
NET INTEREST MARGIN											3.75	%											3.73	%											4.50	%											3.74	%											4.55	%