Exhibit 99.1

Hanmi Financial Corporation Reports
Fourth-Quarter and Fiscal Year 2008 Financial Results

LOS ANGELES — January 29, 2009 — Hanmi Financial Corporation (NASDAQ:HAFC) (“we,” “our” or “Hanmi”), the holding company for Hanmi Bank (the “Bank”), reported a fourth-quarter net loss of $3.8 million, or ($0.08) per share, compared to a net loss of $100.0 million, or ($2.15) per share, in the comparable period a year ago; the fourth-quarter 2007 net loss included a non-cash goodwill impairment charge of $102.9 million.

For the year ended December 31, 2008, Hanmi reported a net loss of $102.1 million, or ($2.23) per share, which includes a second-quarter non-cash goodwill impairment charge of $107.4 million, compared to a net loss of $60.8 million, or ($1.27) per share, for the year ended December 31, 2007, which included the aforementioned fourth-quarter non-cash goodwill impairment charge of $102.9 million. Excluding the goodwill impairment charges, for the year ended December 31, 2008 and 2007, non-GAAP net income was $5.3 million, or $0.12 per diluted share, and $42.1 million, or $0.88 per diluted share, respectively.

“Our financial results for 2008 reflect the difficult environment in which we continue to operate,” said Jay S. Yoo, Hanmi’s President and Chief Executive Officer. “The economic downturn has adversely affected many of our customers, both small businesses and larger commercial borrowers, and this in turn has led to higher delinquency rates and an increase in non-performing loans. Current indications are that this economic situation will persist well into 2009. In short, we believe that two of our biggest challenges of 2009 will be comparable to challenges we faced in 2008 — namely, credit quality and liquidity.

“With that in mind, our focus in 2009 will be on improving the credit profile of the existing portfolio while increasing our customer deposit base. We are seeking to replace wholesale borrowings and broker deposits with reasonably priced retail core deposits, which are the foundation of our business. Similarly, we continue to work diligently to address the unacceptably high default and charge-off rates that we have experienced in the past several quarters. As we have noted in the past, we believe that the key to minimizing future loan losses is the early identification and aggressive resolution of problematic loans.”

Results of Operations

At the end of this release is a table titled “Reconciliation of GAAP to Non-GAAP.” The table provides reconciliations between various GAAP and non-GAAP metrics — including non-interest expense, net income and earnings per share — that exclude the effects of the second-quarter 2008 goodwill impairment charge of $107.4 million and the fourth-quarter 2007 goodwill impairment charge of $102.9 million. We have provided it in the belief that it can be useful in evaluating our core operating performance. All references to non-GAAP metrics are to this table. These non-GAAP disclosures supplement our GAAP disclosures and should not be considered an alternative to the GAAP disclosures.

Fourth-quarter 2008 net interest income before provision for credit losses decreased by $5.1 million, or 14.2 percent, to $30.5 million, compared to $35.6 million in the third quarter of 2008. For the full year 2008, net interest income before provision for credit losses decreased by $17.4 million, or 11.5 percent, to $134.4 million, compared to $151.8 million in the prior year.

The average yield on the loan portfolio was 6.06 percent in the fourth quarter of 2008, a decrease of 62 basis points compared to 6.68 percent in the third quarter. The cost of average interest-bearing deposits was 3.38 percent in the fourth quarter of 2008, a decrease of 5 basis points compared to 3.43 percent in the third quarter. Net interest margin was 3.34 percent in the fourth quarter of 2008, a decrease of 56 basis points compared to 3.90 percent in the third quarter. The rather sharp decline in net interest margin was due to multiple Fed rate cuts totaling 175 basis points in the fourth quarter of 2008 and our inability to match our asset yield declines with a like decrease in liability costs substantially caused by the overall liquidity crunch in the current economy. We believe that we may see some margin expansion in the latter part of 2009 considering the recent decrease of deposit costs in our niche market and the government actions to speed the end of the liquidity crisis which continues to damage the economy.

The provision for credit losses in the fourth quarter of 2008 substantially increased to $25.5 million compared to $13.2 million in the preceding quarter, and the provision for the full year 2008 almost doubled to $75.7 million compared to $38.3 million in 2007. Such increases were made to keep pace with increases in non-performing loans and charge-offs. Fourth-quarter charge-offs, net of recoveries, were $18.6 million compared to $11.8 million in the prior quarter and $11.6 million in the fourth quarter of 2007. Included in fourth-quarter 2008 charge-offs was a $6.5 million charge-off related to a condominium project in Northern California and a $4.9 million charge-off related to a low-income housing project in Los Angeles. The remaining balance of our charge-offs related primarily to a number of small business loans that have been adversely affected by the economic downturn. For the full year 2008, charge-offs, net of recoveries, were $46.0 million compared to $22.6 million in 2007.

Total non-interest income in the fourth quarter of 2008 was $7.4 million compared to $5.3 million in the third quarter of 2008 and $9.8 million in the fourth quarter of 2007. The increase in non-interest income from the third quarter is largely attributable to the third quarter’s other-than-temporary impairment (“OTTI”) losses of $2.6 million on a Lehman Brothers corporate bond and a Community Reinvestment Act (“CRA”) equity investment. In the fourth quarter the OTTI loss was relatively small at $494,000 attributable to the same CRA equity investment. For the full year 2008, total non-interest income decreased to $32.1 million from $40.0 million in 2007, due mainly to the increased OTTI losses on securities and the reduction in gain on sales of loans. In addition, the depressed international trading activities in this recessionary economy decreased our trade finance fee income from $4.5 million for 2007 to $3.1 million in 2008.

Total non-interest expense in the fourth quarter of 2008 was $21.1 million compared to $22.2 million in the third quarter, a decrease of $1.2 million, or 5.3 percent. In the fourth quarter of 2007, total non-interest expense was $126.2 million, which included the aforementioned non-cash goodwill impairment charge of $102.9 million; excluding the goodwill impairment charge, fourth-quarter 2007 non-GAAP total non-interest expense was $23.3 million. The $1.2 million sequential decline in total non-interest expense is largely attributable to a $1.9 million reduction in salaries and employee benefits (the result of our previously announced third-quarter staff reductions) and a decrease of $429,000 in data processing expense, offset by an increase of $1.1 million in other operating expenses. For the full year 2008, total non-interest expense was $194.3 million compared to $189.9 million in 2007, an increase of $4.4 million, or 2.3 percent. However, excluding the goodwill impairment charges, 2008 non-GAAP total non-interest expense was essentially unchanged at $86.9 million, compared to $87.0 million for 2007. With our ongoing efforts to streamline our operations, we expect improvement in our overall level of non-interest expense.

For the fourth quarter of 2008, the efficiency ratio (non-interest expense divided by the sum of net interest income before provision for credit losses and non-interest income) was 55.49 percent, compared to 54.33 percent in the third quarter and 266.31 percent in the comparable period a year ago.

Balance Sheet and Asset Quality

At December 31, 2008, total assets were $3.88 billion compared to $3.77 billion at September 30, 2008, an increase of $109.8 million, or 2.9 percent, and $3.98 billion at December 31, 2007, a decrease of $107.8 million, or 2.7 percent. At $3.36 billion, gross loans at December 31, 2008 were essentially unchanged from $3.35 billion at September 30, 2008, and increased by $77.4 million, or 2.4 percent, compared to $3.28 billion at December 31, 2007.

Total deposits increased by $270.7 million, or 9.7 percent, to $3.07 billion at December 31, 2008 compared to $2.80 billion at September 30, 2008, and increased by $68.4 million, or 2.3 percent, compared to $3.00 billion at December 31, 2007. The increase in deposits in the fourth quarter of 2008 reflects our utilization of broker deposits. Our broker deposits increased to $818.0 million at December 31, 2008 from $265.4 million at September 30, 2008 and $31.8 million at December 31, 2007. FHLB advances and other borrowings decreased by $162.0 million, or 27.7 percent, to $423.0 million at December 31, 2008 compared to $585.0 million at September 30, 2008, and decreased by $64.2 million, or 13.2 percent, compared to $487.2 million at December 31, 2007. Because of the extreme liquidity conditions that continue to exist, we aggressively chose to raise broker deposits during the fourth quarter. Even though we plan to replace them with customer deposits, broker deposits continue to be readily available as necessary.”

Delinquent loans were $128.5 million (3.82 percent of total gross loans) at December 31, 2008, compared to $102.9 million (3.08 percent of total gross loans) at September 30, 2008, and $45.1 million (1.37 percent of total gross loans) at December 31, 2007; the largest contributor to the increase in delinquent loans was an $8.5 million loan to a private golf course near San Diego. Non-performing loans at December 31, 2008 were $121.9 million (3.62 percent of total gross loans), compared to $111.9 million (3.34 percent of gross loans) at September 30, 2008, and $54.5 million (1.66 percent of total gross loans) at December 31, 2007. As credit monitoring and risk management continue to be our highest priorities in 2009, we will work diligently to improve our asset quality with heightened collection efforts and other workout processes.

At December 31, 2008, the allowance for loan losses was $71.0 million, or 2.11 percent of gross loans (58.23 percent of total non-performing loans), compared to $63.9 million, or 1.91 percent of gross loans (57.16 percent of total non-performing loans), at September 30, 2008, and $43.6 million, or 1.33 percent of gross loans (80.05 percent of total non-performing loans), at December 31, 2007.

Capital Adequacy

The Bank’s capital ratios exceed levels defined as “well-capitalized” by our regulators. At December 31, 2008, the Bank’s Tier 1 Leverage, Tier 1 Risk-Based Capital and Total Risk-Based Capital ratios were 8.85 percent, 9.44 percent and 10.70 percent, respectively, compared to 8.94 percent, 9.57 percent and 10.84 percent, respectively, at September 30, 2008.

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 26 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and six loan production offices in Colorado, Georgia, Illinois, Texas, Virginia and Washington. Hanmi Bank specializes in commercial, Small Business Administration (“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.hanmifinancial.com.

This release includes non-GAAP net income, non-GAAP earnings per share data, non-GAPP performance ratios, shares used in non-GAAP earnings per share calculation and non-GAAP total non-interest expense. 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 total non-interest expense, 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 measures provides useful information to investors and management regarding operating activities for the periods presented.

For our 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 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; fluctuations in interest rates; risks of natural disasters related to our real estate portfolio; risks associated with SBA loans; changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums; ability to receive regulatory approval for Hanmi Bank to declare dividends to Hanmi Financial; adequacy of our allowance for loan losses, credit quality and the effect of credit quality on our provision for credit losses and allowance for loan losses; changes in the financial performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other terms of credit agreements; our ability to successfully integrate acquisitions we may make; our ability to control expenses; 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 and Quarterly Reports on Form 10-Q filed thereafter, which could cause actual results to differ from those projected. You should understand that it is not possible to predict or identify all such risks. Consequently, you should not consider such disclosures to be a complete discussion of all potential risks or uncertainties. We undertake no obligation to update such forward-looking statements except as required by law.

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

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

		December 31,				September 30,				%				December 31,				%
		2008				2008				Change				2007				Change
ASSETS
Cash and Due from Banks		$	85,188			$	81,640				4.3	%		$	105,898				(19.6	)%
Federal Funds Sold			130,000				5,000				2,500.0	%			16,500				687.9	%
Cash and Cash Equivalents			215,188				86,640				148.4	%			122,398				75.8	%
Investment Securities			197,876				222,469				(11.1	)%			350,457				(43.5	)%
Loans:
Gross Loans, Net of Deferred Loan Fees			3,362,111				3,345,049				0.5	%			3,284,708				2.4	%
Allowance for Loan Losses			(70,986	)			(63,948	)			11.0	%			(43,611	)			62.8	%
Loans Receivable, Net			3,291,125				3,281,101				0.3	%			3,241,097				1.5	%
Customers’ Liability on Acceptances			4,295				7,382				(41.8	)%			5,387				(20.3	)%
Premises and Equipment, Net			20,279				20,703				(2.0	)%			20,800				(2.5	)%
Accrued Interest Receivable			12,347				13,801				(10.5	)%			17,411				(29.1	)%
Other Real Estate Owned			823				2,988				(72.5	)%			287				186.8	%
Deferred Income Taxes			29,456				18,682				57.7	%			18,470				59.5	%
Servicing Assets			3,791				4,018				(5.6	)%			4,336				(12.6	)%
Goodwill			—				—				—				107,100				(100.0	)%
Other Intangible Assets			4,950				5,404				(8.4	)%			6,908				(28.3	)%
Federal Reserve Bank and Federal Home Loan Bank Stock			40,925				42,157				(2.9	)%			33,479				22.2	%
Bank-Owned Life Insurance			25,476				25,239				0.9	%			24,525				3.9	%
Other Assets			29,285				35,407				(17.3	)%			31,002				(5.5	)%
TOTAL ASSETS		$	3,875,816			$	3,765,991				2.9	%		$	3,983,657				(2.7	)%
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Noninterest-Bearing		$	536,944			$	634,593				(15.4	)%		$	680,282				(21.1	)%
Interest-Bearing			2,533,136				2,164,784				17.0	%			2,321,417				9.1	%
Total Deposits			3,070,080				2,799,377				9.7	%			3,001,699				2.3	%
Accrued Interest Payable			18,539				11,344				63.4	%			21,828				(15.1	)%
Acceptances Outstanding			4,295				7,382				(41.8	)%			5,387				(20.3	)%
FHLB Advances and Other Borrowings			422,983				584,972				(27.7	)%			487,164				(13.2	)%
Junior Subordinated Debentures			82,406				82,406				—				82,406				--
Other Liabilities			13,598				13,314				2.1	%			14,617				(7.0	)%
Total Liabilities			3,611,901				3,498,795				3.2	%			3,613,101				--
Stockholders’ Equity			263,915				267,196				(1.2	)%			370,556				(28.8	)%
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	3,875,816			$	3,765,991				2.9	%		$	3,983,657				(2.7	)%

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

		Three Months Ended																				Year Ended
		December 31,				September 30,				%				December 31,				%				December 31,				December 31,				%
		2008				2008				Change				2007				Change				2008				2007				Change
INTEREST AND DIVIDEND INCOME:
Interest and Fees on Loans		$	51,305			$	56,134				(8.6	)%		$	67,505				(24.0	)%		$	223,942			$	261,992				(14.5	)%
Taxable Interest on Investments			1,649				2,053				(19.7	)%			3,186				(48.2	)%			9,397				13,399				(29.9	)%
Tax-Exempt Interest on Investments			646				650				(0.6	)%			765				(15.6	)%			2,717				3,055				(11.1	)%
Dividends on FHLB and FRB Stock			437				581				(24.8	)%			358				22.1	%			1,918				1,413				35.7	%
Interest on Federal Funds Sold			29				23				26.1	%			69				(58.0	)%			166				1,032				(83.9	)%
Interest on Term Federal Funds Sold			43				—				—				—				—				43				5				760.0	%
Total Interest and Dividend Income			54,109				59,441				(9.0	)%			71,883				(24.7	)%			238,183				280,896				(15.2	)%
INTEREST EXPENSE:
Interest on Deposits			19,654				19,365				1.5	%			27,544				(28.6	)%			84,353				108,517				(22.3	)%
Interest on FHLB Advances and Other Borrowings			2,623				3,329				(21.2	)%			5,074				(48.3	)%			14,373				13,949				3.0	%
Interest on Junior Subordinated Debentures			1,293				1,150				12.4	%			1,670				(22.6	)%			5,056				6,644				(23.9	)%
Total Interest Expense			23,570				23,844				(1.1	)%			34,288				(31.3	)%			103,782				129,110				(19.6	)%
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES			30,539				35,597				(14.2	)%			37,595				(18.8	)%			134,401				151,786				(11.5	)%
Provision for Credit Losses			25,450				13,176				93.2	%			20,704				22.9	%			75,676				38,323				97.5	%
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES			5,089				22,421				(77.3	)%			16,891				(69.9	)%			58,725				113,463				(48.2	)%
NON-INTEREST INCOME:
Service Charges on Deposit Accounts			4,559				4,648				(1.9	)%			4,672				(2.4	)%			18,463				18,061				2.2	%
Insurance Commissions			1,174				1,194				(1.7	)%			1,419				(17.3	)%			5,067				4,954				2.3	%
Trade Finance Fees			614				784				(21.7	)%			944				(35.0	)%			3,088				4,493				(31.3	)%
Other Service Charges and Fees			513				433				18.5	%			646				(20.6	)%			2,365				2,527				(6.4	)%
Remittance Fees			651				499				30.5	%			546				19.2	%			2,194				2,049				7.1	%
Bank-Owned Life Insurance Income			237				241				(1.7	)%			240				(1.3	)%			952				933				2.0	%
Gain on Sales of Loans			—				—				—				1,767				(100.0	)%			765				5,452				(86.0	)%
Gain (Loss) on Sales of Securities Available for Sale			(58	)			(483	)			(88.0	)%			—				—				77				—				--
Other-Than-Temporary Impairment Loss on Securities			(494	)			(2,621	)			(81.2	)%			(1,074	)			(54.0	)%			(3,115	)			(1,074	)			190.0	%
Other Income			208				633				(67.1	)%			641				(67.6	)%			2,293				2,611				(12.2	)%
Total Non-Interest Income			7,404				5,328				39.0	%			9,801				(24.5	)%			32,149				40,006				(19.6	)%
NON-INTEREST EXPENSE:
Salaries and Employee Benefits			8,846				10,782				(18.0	)%			13,075				(32.3	)%			42,209				47,036				(10.3	)%
Occupancy and Equipment			2,798				2,786				0.4	%			2,754				1.6	%			11,158				10,494				6.3	%
Data Processing			1,069				1,498				(28.6	)%			1,622				(34.1	)%			5,799				6,390				(9.2	)%
Professional Fees			912				647				41.0	%			782				16.6	%			3,539				2,468				43.4	%
Advertising and Promotion			904				914				(1.1	)%			1,137				(20.5	)%			3,518				3,630				(3.1	)%
Supplies and Communications			510				681				(25.1	)%			596				(14.4	)%			2,518				2,592				(2.9	)%
Amortization of Other Intangible Assets			454				478				(5.0	)%			548				(17.2	)%			1,958				2,324				(15.7	)%
Impairment Loss on Goodwill			—				—				—				102,891				(100.0	)%			107,393				102,891				4.4	%
Other Operating Expenses			5,563				4,449				25.0	%			2,816				97.5	%			16,230				12,104				34.1	%
Total Non-Interest Expense			21,056				22,235				(5.3	)%			126,221				(83.3	)%			194,322				189,929				2.3	%
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES			(8,563	)			5,514				(255.3	)%			(99,529	)			(91.4	)%			(103,448	)			(36,460	)			183.7	%
Provision (Benefit) for Income Taxes			(4,748	)			1,166				(507.2	)%			514				(1,023.7	)%			(1,355	)			24,302				(105.6	)%
NET INCOME (LOSS)		$	(3,815	)		$	4,348				(187.7	)%		$	(100,043	)			(96.2	)%		$	(102,093	)		$	(60,762	)			68.0	%
EARNINGS (LOSS) PER SHARE:
Basic		$	(0.08	)		$	0.09				(188.9	)%		$	(2.15	)			(96.3	)%		$	(2.23	)		$	(1.27	)			75.6	%
Diluted		$	(0.08	)		$	0.09				(188.9	)%		$	(2.15	)			(96.3	)%		$	(2.23	)		$	(1.27	)			75.6	%
WEIGHTED-AVERAGE SHARES OUTSTANDING:
Basic			45,884,462				45,881,549								46,465,973								45,872,541				47,787,213
Diluted			45,906,499				45,933,043								46,465,973								45,872,541				47,787,213
SHARES OUTSTANDING AT PERIOD-END			45,905,549				45,905,549								45,860,941								45,905,549				45,860,941

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,				%
		2008				2008				Change				2007				Change				2008				2007				Change
AVERAGE BALANCES:
Average Gross Loans, Net of Deferred Loan Fees		$	3,366,601			$	3,341,250				0.8	%		$	3,284,222				2.5	%		$	3,332,133			$	3,080,544				8.2	%
Average Investment Securities			205,305				244,027				(15.9	)%			350,147				(41.4	)%			271,802				368,144				(26.2	)%
Average Interest-Earning Assets			3,637,232				3,630,755				0.2	%			3,669,436				(0.9	)%			3,653,720				3,494,758				4.5	%
Average Total Assets			3,789,435				3,789,614				—				4,053,801				(6.5	)%			3,866,856				3,882,891				(0.4	)%
Average Deposits			2,879,674				2,895,746				(0.6	)%			3,029,804				(5.0	)%			2,913,171				2,989,806				(2.6	)%
Average Borrowings			602,838				590,401				2.1	%			496,513				21.4	%			591,930				355,819				66.4	%
Average Interest-Bearing Liabilities			2,913,723				2,835,917				2.7	%			2,845,775				2.4	%			2,874,470				2,643,296				8.7	%
Average Stockholders’ Equity			271,544				267,433				1.5	%			485,934				(44.1	)%			323,462				492,637				(34.3	)%
Average Tangible Equity			266,333				261,751				1.8	%			269,497				(1.2	)%			264,490				275,036				(3.8	)%
PERFORMANCE RATIOS:
Return on Average Assets			(0.40	)%			0.46	%							(9.79	)%							(2.64	)%			(1.56	)%
Return on Average Stockholders’ Equity			(5.59	)%			6.47	%							(81.68	)%							(31.56	)%			(12.33	)%
Return on Average Tangible Equity			(5.70	)%			6.61	%							(147.28	)%							(38.60	)%			(22.09	)%
Efficiency Ratio			55.49	%			54.33	%							266.31	%							116.67	%			99.03	%
Net Interest Spread			2.70	%			3.17	%							2.99	%							2.91	%			3.16	%
Net Interest Margin			3.34	%			3.90	%							4.06	%							3.68	%			4.34	%
ALLOWANCE FOR LOAN LOSSES:
Balance at the Beginning of Period		$	63,948			$	62,977				1.5	%		$	34,503				85.3	%		$	43,611			$	27,557				58.3	%
Provision Charged to Operating Expense			25,660				12,802				100.4	%			20,736				23.7	%			73,345				38,688				89.6	%
Charge-Offs, Net of Recoveries			(18,622	)			(11,831	)			57.4	%			(11,628	)			60.1	%			(45,970	)			(22,634	)			103.1	%
Balance at End of Period		$	70,986			$	63,948				11.0	%		$	43,611				62.8	%		$	70,986			$	43,611				62.8	%
Allowance for Loan Losses to Total Gross Loans			2.11	%			1.91	%							1.33	%							2.11	%			1.33	%
Allowance for Loan Losses to Total Non-Performing Loans			58.23	%			57.16	%							80.05	%							58.23	%			80.05	%
ALLOWANCE FOR OFF-BALANCE SHEET ITEMS:
Balance at the Beginning of Period		$	4,306			$	3,932				9.5	%		$	1,797				139.6	%		$	1,765			$	2,130				(17.1	)%
Provision Charged to Operating Expense			(210	)			374				(156.1	)%			(32	)			387.8	%			2,331				(365	)			(738.6	)%
Balance at End of Period		$	4,096			$	4,306				(4.9	)%		$	1,765				132.1	%		$	4,096			$	1,765				132.1	%

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

		December 31,				September 30,				%				December 31,				%
		2008				2008				Change				2007				Change
NON-PERFORMING ASSETS:
Non-Accrual Loans		$	120,823			$	111,335				8.5	%		$	54,252				122.7	%
Loans 90 Days or More Past Due and Still Accruing			1,075				535				100.9	%			227				373.6	%
Total Non-Performing Loans			121,898				111,870				9.0	%			54,479				123.8	%
Other Real Estate Owned			823				2,988				(72.5	)%			287				186.8	%
Total Non-Performing Assets		$	122,721			$	114,858				6.8	%		$	54,766				124.1	%
Total Non-Performing Loans/Total Gross Loans			3.62	%			3.34	%							1.66	%
Total Non-Performing Assets/Total Assets			3.17	%			3.05	%							1.37	%
Total Non-Performing Assets/Allowance for Loan Losses			172.9	%			179.6	%							125.6	%
DELINQUENT LOANS		$	128,469			$	102,917				24.8	%		$	45,086				184.9	%
Delinquent Loans/Total Gross Loans			3.82	%			3.08	%							1.37	%
LOAN PORTFOLIO:
Real Estate Loans		$	1,180,114			$	1,166,436				1.2	%		$	1,101,907				7.1	%
Commercial and Industrial Loans			2,099,732				2,096,222				0.2	%			2,094,719				0.2	%
Consumer Loans			83,525				84,031				(0.6	)%			90,449				(7.7	)%
Total Gross Loans			3,363,371				3,346,689				0.5	%			3,287,075				2.3	%
Deferred Loan Fees			(1,260	)			(1,640	)			(23.2	)%			(2,367	)			(46.8	)%
Gross Loans, Net of Deferred Loan Fees			3,362,111				3,345,049				0.5	%			3,284,708				2.4	%
Allowance for Loan Losses			(70,986	)			(63,948	)			11.0	%			(43,611	)			62.8	%
Loans Receivable, Net		$	3,291,125			$	3,281,101				0.3	%		$	3,241,097				1.5	%
LOAN MIX:
Real Estate Loans			35.1	%			34.9	%							33.5	%
Commercial and Industrial Loans			62.4	%			62.6	%							63.7	%
Consumer Loans			2.5	%			2.5	%							2.8	%
Total Gross Loans			100.0	%			100.0	%							100.0	%
DEPOSIT PORTFOLIO:
Noninterest-Bearing		$	536,944			$	634,593				(15.4	)%		$	680,282				(21.1	)%
Savings			81,869				86,157				(5.0	)%			93,099				(12.1	)%
Money Market Checking and NOW Accounts			370,401				597,065				(38.0	)%			445,806				(16.9	)%
Time Deposits of $100,000 or More			849,800				863,034				(1.5	)%			1,441,683				(41.1	)%
Other Time Deposits			1,231,066				618,528				99.0	%			340,829				261.2	%
Total Deposits		$	3,070,080			$	2,799,377				9.7	%		$	3,001,699				2.3	%
DEPOSIT MIX:
Noninterest-Bearing			17.5	%			22.7	%							22.7	%
Savings			2.7	%			3.1	%							3.1	%
Money Market Checking and NOW Accounts			12.1	%			21.3	%							14.9	%
Time Deposits of $100,000 or More			27.7	%			30.8	%							48.0	%
Other Time Deposits			40.0	%			22.1	%							11.3	%
Total Deposits			100.0	%			100.0	%							100.0	%
CAPITAL RATIOS (BANK ONLY):
Total Risk-Based			10.70	%			10.84	%							10.59	%
Tier 1 Risk-Based			9.44	%			9.57	%							9.34	%
Tier 1 Leverage			8.85	%			8.94	%							8.47	%

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

		Three Months Ended																																				Year Ended
		December 31, 2008												September 30, 2008												December 31, 2007												December 31, 2008												December 31, 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		$	902,367			$	14,074				6.20	%		$	867,684			$	14,604				6.70	%		$	787,721			$	15,483				7.80	%		$	841,526			$	56,968				6.77	%		$	771,386			$	61,863				8.02	%
Construction			186,080				1,881				4.02	%			199,969				2,539				5.05	%			235,851				5,471				9.20	%			202,879				9,962				4.91	%			223,017				20,359				9.13	%
Residential Property			91,366				1,174				5.11	%			90,739				1,209				5.30	%			89,184				1,160				5.16	%			90,395				4,758				5.26	%			87,180				4,537				5.20	%
Total Real Estate Loans			1,179,813				17,129				5.78	%			1,158,392				18,352				6.30	%			1,112,756				22,114				7.88	%			1,134,800				71,688				6.32	%			1,081,583				86,759				8.02	%
Commercial and Industrial Loans			2,104,820				32,691				6.18	%			2,099,708				36,128				6.85	%			2,081,945				43,658				8.32	%			2,112,421				145,107				6.87	%			1,905,625				166,802				8.75	%
Consumer Loans			83,411				1,353				6.45	%			85,021				1,495				7.00	%			91,378				1,624				7.05	%			86,787				6,142				7.08	%			95,463				7,611				7.97	%
Total Gross Loans			3,368,044				51,173				6.04	%			3,343,121				55,975				6.66	%			3,286,079				67,396				8.14	%			3,334,008				222,937				6.69	%			3,082,671				261,172				8.47	%
Prepayment Penalty Income			—				132				—				—				159				—				—				109				—				—				1,005				—				—				820				—
Unearned Income on Loans, Net of Costs			(1,443	)			—				—				(1,871	)			—				—				(1,857	)			—				—				(1,875	)			—				—				(2,127	)			—				—
Gross Loans, Net			3,366,601				51,305				6.06	%			3,341,250				56,134				6.68	%			3,284,222				67,505				8.15	%			3,332,133				223,942				6.72	%			3,080,544				261,992				8.50	%
Investment Securities:
Municipal Bonds			59,718				646				4.33	%			60,979				650				4.26	%			72,097				765				4.24	%			63,918				2,717				4.25	%			71,937				3,055				4.25	%
U.S. Government Agency Securities			21,720				201				3.70	%			46,777				483				4.13	%			110,194				1,188				4.31	%			65,440				2,813				4.30	%			116,701				4,963				4.25	%
Mortgage-Backed Securities			79,821				971				4.87	%			83,460				994				4.76	%			97,566				1,190				4.88	%			87,930				4,217				4.80	%			107,356				5,148				4.80	%
Collateralized Mortgage Obligations			37,853				403				4.26	%			41,266				441				4.27	%			52,883				570				4.31	%			43,842				1,865				4.25	%			58,189				2,530				4.35	%
Corporate Bonds			1,688				46				10.90	%			7,751				89				4.59	%			12,709				154				4.85	%			6,671				333				4.99	%			9,084				422				4.65	%
Other Securities			4,505				23				2.04	%			3,794				42				4.43	%			4,698				84				7.15	%			4,001				159				3.97	%			4,877				336				6.89	%
Total Investment Securities			205,305				2,290				4.46	%			244,027				2,699				4.42	%			350,147				3,951				4.51	%			271,802				12,104				4.45	%			368,144				16,454				4.47	%
Other Interest-Earning Assets:
Equity Securities			42,551				437				4.11	%			39,929				581				5.82	%			29,149				358				4.91	%			38,516				1,918				4.98	%			26,228				1,413				5.39	%
Federal Funds Sold			14,410				29				0.80	%			4,797				23				1.92	%			5,918				69				4.66	%			8,934				166				1.86	%			19,746				1,032				5.23	%
Term Federal Funds Sold			7,609				43				2.26	%			—				—				—				—				—				—				1,913				43				2.25	%			96				5				5.21	%
Interest-Earning Deposits			756				5				2.65	%			752				4				2.13	%			—				—				—				422				10				2.37	%			—				—				—
Total Other Interest-Earning Assets			65,326				514				3.15	%			45,478				608				5.35	%			35,067				427				4.87	%			49,785				2,137				4.29	%			46,070				2,450				5.32	%
TOTAL INTEREST-EARNING ASSETS		$	3,637,232			$	54,109				5.92	%		$	3,630,755			$	59,441				6.51	%		$	3,669,436			$	71,883				7.77	%		$	3,653,720			$	238,183				6.52	%		$	3,494,758			$	280,896				8.04	%
INTEREST-BEARING LIABILITIES
Interest-Bearing Deposits:
Savings		$	83,777			$	506				2.40	%		$	91,465			$	533				2.32	%		$	93,413			$	474				2.01	%		$	89,866			$	2,093				2.33	%		$	97,173			$	2,004				2.06	%
Money Market Checking and NOW Accounts			506,062				3,963				3.12	%			693,718				5,579				3.20	%			478,501				4,144				3.44	%			618,779				19,909				3.22	%			452,825				15,446				3.41	%
Time Deposits of $100,000 or More			754,081				8,162				4.31	%			973,752				8,709				3.56	%			1,465,551				18,977				5.14	%			1,045,968				43,598				4.17	%			1,430,603				75,516				5.28	%
Other Time Deposits			966,965				7,023				2.89	%			486,581				4,544				3.72	%			311,797				3,949				5.02	%			527,927				18,753				3.55	%			306,876				15,551				5.07	%
Total Interest-Bearing Deposits			2,310,885				19,654				3.38	%			2,245,516				19,365				3.43	%			2,349,262				27,544				4.65	%			2,282,540				84,353				3.70	%			2,287,477				108,517				4.74	%
Borrowings:
FHLB Advances and Other Borrowings			520,432				2,623				2.01	%			507,995				3,329				2.61	%			414,107				5,074				4.86	%			509,524				14,373				2.82	%			273,413				13,949				5.10	%
Junior Subordinated Debentures			82,406				1,293				6.24	%			82,406				1,150				5.55	%			82,406				1,670				8.04	%			82,406				5,056				6.14	%			82,406				6,644				8.06	%
Total Borrowings			602,838				3,916				2.58	%			590,401				4,479				3.02	%			496,513				6,744				5.39	%			591,930				19,429				3.28	%			355,819				20,593				5.79	%
TOTAL INTEREST-BEARING LIABILITIES		$	2,913,723			$	23,570				3.22	%		$	2,835,917			$	23,844				3.34	%		$	2,845,775			$	34,288				4.78	%		$	2,874,470			$	103,782				3.61	%		$	2,643,296			$	129,110				4.88	%
NET INTEREST INCOME						$	30,539											$	35,597											$	37,595											$	134,401											$	151,786
NET INTEREST SPREAD											2.70	%											3.17	%											2.99	%											2.91	%											3.16	%
NET INTEREST MARGIN											3.34	%											3.90	%											4.06	%											3.68	%											4.34	%