Exhibit 99.1
Hanmi Financial Corporation Reports
First-Quarter 2009 Financial Results
LOS ANGELES — April 28, 2009 — Hanmi Financial Corporation (NASDAQ:HAFC) (“we,” “our” or “Hanmi”), the holding company for Hanmi Bank (the “Bank”), reported a first-quarter net loss of $5.2 million, or ($0.11) per share, compared to net income of $2.9 million, or $0.06 per diluted share, in the first quarter of 2008.
“First-quarter results reflect a continuation of the exceedingly difficult environment in which we have operated for the last several quarters,” said Jay S. Yoo, Hanmi’s President and Chief Executive Officer. “In particular, credit quality deteriorated as we continued to experience higher delinquency rates and an increase in non-performing loans as a result of the prolonged economic slowdown. Our ongoing program to stay abreast of problematic credits includes third-party loan review, quarterly third-party stress testing of the entire loan portfolio, and, where considered appropriate, third-party re-appraisal of collateral on commercial real estate loans.”
“Despite the challenging economic environment and the disappointing first-quarter operating results,” Mr. Yoo added, “I am encouraged that during the quarter we have reduced wholesale funding, such as broker deposits and FHLB advances, on our balance sheet with a substantial increase in customer deposits through a successful deposit campaign, which has improved our liquidity.”
Results of Operations
First-quarter 2009 net interest income before provision for credit losses decreased by $7.4 million, or 24.3 percent, to $23.1 million, compared to $30.5 million in the fourth quarter of 2008. Interest and fees on loans declined by $6.2 million, or 12.1 percent, from the fourth quarter of 2008, reflecting a lower yield on the loan portfolio primarily due to the low interest rate environment, whereas interest paid on deposits increased by $3.1 million, or 15.9 percent, from the fourth quarter of 2008.
The increase in the total cost of average interest-bearing deposits was primarily due to a sequential increase of $364.4 million, or 15.8 percent, in total average interest-bearing deposits, which in turn was due in large part to an aggressive promotion (commenced in December 2008 and concluded in early March 2009) of flexible time deposits with attractive rates; the average cost of interest-bearing deposits increased by 7 basis points to 3.45 percent in the first quarter of 2009 from 3.38 percent in the fourth quarter of 2008.
The average yield on the loan portfolio was 5.46 percent in the first quarter of 2009, a decline of 60 basis points compared to 6.06 percent in the fourth quarter of 2008, as a result of the declining interest rate environment. Given the lower asset yields and higher liability costs, net interest margin declined by 88 basis points, to 2.46 percent in the first quarter of 2009 from 3.34 percent in the fourth quarter of 2008. Although we expect to see some margin improvement by the third quarter, we continue to believe that a significant expansion in net interest margin is unlikely to occur until late 2009.
The provision for credit losses in the first quarter of 2009 was $25.0 million compared to $25.5 million in the prior quarter and $17.8 million in the first quarter of 2008. First-quarter charge-offs, net of recoveries, were $11.8 million compared to $18.6 million in the prior quarter and $7.3 million in the first quarter of 2008. First-quarter charge-offs consisted primarily of a number of commercial and industrial loans, as well as some property loans, tied to small businesses, which continue to be adversely affected by the recession.
Total non-interest income in the first quarter of 2009 was $8.4 million compared to $7.4 million in the fourth quarter of 2008 and $9.8 million in the first quarter of 2008. The increase in non-interest income over the fourth quarter is primarily attributable to a $1.2 million gain on the sale of $37.3 million of investment securities.

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Total non-interest expense in the first quarter of 2009 was $18.3 million compared to $21.1 million in the fourth quarter of 2008, a decrease of $2.8 million, or 13.3 percent, and $21.6 million in the first quarter of 2008, a decrease of $3.3 million, or 15.5 percent. A sequential decrease of $1.3 million in salaries and employee benefits reflects the first-quarter 2009 reversal of a $2.5 million post-retirement benefit obligation related to bank-owned life insurance as a result of an amendment to the policy to remove a post-retirement death benefit and a $1.1 million increase in bonus accruals due to a fourth-quarter 2008 reversal of $860,000 in bonus accruals and a first-quarter 2009 bonus accrual of $200,000. A $1.5 million decline in all other non-interest expense reflects reductions in professional fees and advertising and promotion in the first quarter of 2009, as well as the impact from an accrual of $1.0 million in severance payments to retired directors in the fourth quarter of 2008.
For the first quarter of 2009, due mainly to the decrease in net interest income before provision for credit losses, the efficiency ratio (non-interest expense divided by the sum of net interest income before provision for credit losses and non-interest income) increased to 57.92 percent, compared to 55.49 percent in the fourth quarter of 2008 and 49.11 percent in the comparable period a year ago.
Balance Sheet and Asset Quality
At March 31, 2009, total assets were $3.89 billion compared to $3.88 billion at December 31, 2008 and $3.94 billion at March 31, 2008, an increase of $17.1 million, or 0.4 percent, and a decrease of $47.5 million, or 1.2 percent, respectively. At March 31, 2009, gross loans, net of deferred loan fees decreased by $43.7 million, or 1.3 percent, to $3.32 billion, compared to gross loans of $3.36 billion at December 31, 2008, and increased by $14.3 million, or 0.4 percent, compared to gross loans of $3.30 billion at March 31, 2008. The sequential decline in gross loans in the first quarter is indicative of the Bank’s close attention to actively managing its balance sheet in light of continuing weakness in the economy.
Total deposits increased by $126.0 million, or 4.1 percent, to $3.20 billion at March 31, 2009, compared to $3.07 billion at December 31, 2008, and increased by $168.3 million, or 5.6 percent, compared to total deposits of $3.03 billion at March 31, 2008. We are successfully replacing wholesale funds such as FHLB advances and broker deposits with customer deposits as planned. FHLB advances and other borrowings decreased by $110.1 million, or 26.0 percent, to $312.8 million at March 31, 2009, compared to $423.0 million at December 31, 2008, and decreased by $102.7 million, or 24.7 percent, compared to $415.6 at March 31, 2008. At March 31, 2009, broker deposits were $577.8 million compared to $874.2 million at December 31, 2008.
Delinquent loans were $164.4 million (4.95 percent of total gross loans) at March 31, 2009, compared to $128.5 million (3.82 percent of total gross loans) at December 31, 2008, and $105.8 million (3.20 percent of total gross loans) at March 31, 2008. The majority of the increase in delinquencies was attributable to a number of commercial and industrial loans totaling $21.7 million in aggregate, of which $12.8 million were owner/user business property loans. Non-performing loans at March 31, 2009 were $132.1 million (3.98 percent of total gross loans), compared to $121.9 million (3.62 percent of total gross loans) at December 31, 2008, and $88.7 million (2.68 percent of total gross loans) at March 31, 2008.
At March 31, 2009, the allowance for loan losses was $83.9 million, or 2.53 percent of total gross loans (63.52 percent of total non-performing loans), compared to $71.0 million, or 2.11 percent of total gross loans (58.23 percent of total non-performing loans), at December 31, 2008, and $53.0 million, or 1.60 percent of total gross loans (59.72 percent of total non-performing loans), at March 31, 2008.
Capital Adequacy
The Bank’s capital ratios exceeded levels defined as “well-capitalized” by our regulators. At March 31, 2009, the Bank’s Tier 1 Leverage, Tier 1 Risk-Based Capital and Total Risk-Based Capital ratios were 8.40 percent, 9.52 percent and 10.79 percent, respectively, compared to 8.85 percent, 9.44 percent and 10.71 percent, respectively, at December 31, 2008.

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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:
•   failure to maintain adequate levels of capital and liquidity to support our operations;
 
•   the effect of regulatory orders we have entered into and potential future supervisory action against us or Hanmi Bank;
 
•   general economic and business conditions internationally, nationally and in those areas in which we operate;
 
•   volatility and deterioration in the credit and equity markets;
 
•   changes in consumer spending, borrowing and savings habits;
 
•   availability of capital from private and government sources;
 
•   demographic changes;
 
•   competition for loans and deposits and failure to attract or retain loans and deposits;
 
•   fluctuations in interest rates and a decline in the level of our interest rate spread;
 
•   risks of natural disasters related to our real estate portfolio;
 
•   risks associated with SBA loans;
 
•   failure to attract or retain key employees;
 
•   changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums;
 
•   ability to receive regulatory approval for Hanmi Bank to declare dividends to Hanmi Financial;
 
•   adequacy of our allowance for loan losses, credit quality and the effect of credit quality on our provision for credit losses and allowance for loan losses;
 
•   changes in the financial performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other terms of credit agreements;
 
•   our ability to successfully integrate acquisitions we may make;
 
•   our ability to control expenses; and
 
•   changes in securities markets.
In addition, we set forth certain risks in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and current and periodic reports filed with the Securities and Exchange Commission 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.

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About Hanmi Financial Corporation
Headquartered in Los Angeles, Hanmi Bank, a wholly owned subsidiary of Hanmi Financial Corporation, provides services to the multi-ethnic communities of California, with 27 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and two loan production offices in Virginia and Washington State. 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.
Contact
Hanmi Financial Corporation
     
BRIAN E. CHO
  STEPHANIE YOON
Chief Financial Officer
  Investor Relations
(213) 368-3200
  (213) 427-5631
(Financial Tables Follow)

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HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(Dollars in Thousands)
                                         
    March 31,     December 31,     %     March 31,     %  
    2009     2008     Change     2008     Change  
ASSETS
                                        
Cash and Due from Banks
   $ 230,950     $ 85,188       171.1 %   $ 101,306       128.0 %
Federal Funds Sold
     90,000       130,000       (30.8 )%     2,000       4,400.0 %
 
                              
Cash and Cash Equivalents
     320,950       215,188       49.1 %     103,306       210.7 %
 
                              
Investment Securities
     164,412       197,876       (16.9 )%     323,636       (49.2 )%
Loans:
                                        
Gross Loans, Net of Deferred Loan Fees
     3,318,382       3,362,111       (1.3 )%     3,304,039       0.4 %
Allowance for Loan Losses
     (83,943 )     (70,986 )     18.3 %     (52,986 )     58.4 %
 
                              
Loans Receivable, Net
     3,234,439       3,291,125       (1.7 )%     3,251,053       (0.5 )%
 
                              
Customers’ Liability on Acceptances
     2,176       4,295       (49.3 )%     7,119       (69.4 )%
Premises and Equipment, Net
     20,269       20,279       —       20,679       (2.0 )%
Accrued Interest Receivable
     11,702       12,347       (5.2 )%     15,417       (24.1 )%
Other Real Estate Owned
     1,206       823       46.5 %     —       —  
Servicing Assets
     3,630       3,791       (4.2 )%     4,220       (14.0 )%
Goodwill
     —       —       —       107,393       (100.0 )%
Other Intangible Assets
     4,521       4,950       (8.7 )%     6,384       (29.2 )%
Federal Home Loan Bank and Federal Reserve Bank Stock
     40,925       40,925       —       33,718       21.4 %
Bank-Owned Life Insurance
     25,710       25,476       0.9 %     24,760       3.8 %
Other Assets
     62,955       58,741       7.2 %     42,710       47.4 %
 
                              
TOTAL ASSETS
   $ 3,892,895     $ 3,875,816       0.4 %   $ 3,940,395       (1.2 )%
 
                              
 
                                        
LIABILITIES AND STOCKHOLDERS’ EQUITY
                                        
Liabilities:
                                        
Deposits:
                                        
Noninterest-Bearing
   $ 542,521     $ 536,944       1.0 %   $ 676,471       (19.8 )%
Interest-Bearing
     2,653,588       2,533,136       4.8 %     2,351,297       12.9 %
 
                              
Total Deposits
     3,196,109       3,070,080       4.1 %     3,027,768       5.6 %
Accrued Interest Payable
     27,234       18,539       46.9 %     17,857       52.5 %
Acceptances Outstanding
     2,176       4,295       (49.3 )%     7,119       (69.4 )%
Federal Home Loan Bank Advances and Other Borrowings
     312,836       422,983       (26.0 )%     415,553       (24.7 )%
Junior Subordinated Debentures
     82,406       82,406       —       82,406       —  
Other Liabilities
     11,891       13,598       (12.6 )%     19,328       (38.5 )%
 
                              
Total Liabilities
     3,632,652       3,611,901       0.6 %     3,570,031       1.8 %
Stockholders’ Equity
     260,243       263,915       (1.4 )%     370,364       (29.7 )%
 
                              
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
   $ 3,892,895     $ 3,875,816       0.4 %   $ 3,940,395       (1.2 )%
 
                              

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HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(Dollars in Thousands, Except Per Share Data)
                                         
    Three Months Ended  
    March 31,     December 31,     %     March 31,     %  
    2009     2008     Change     2008     Change  
INTEREST AND DIVIDEND INCOME:
                                        
Interest and Fees on Loans
   $ 45,085     $ 51,305       (12.1 )%   $ 60,598       (25.6 )%
Taxable Interest on Investments
     1,352       1,649       (18.0 )%     3,116       (56.6 )%
Tax-Exempt Interest on Investments
     643       646       (0.5 )%     759       (15.3 )%
Dividends on Federal Home Loan Bank and Federal Reserve Bank Stock
     153       437       (65.0 )%     414       (63.0 )%
Interest on Federal Funds Sold
     82       29       182.8 %     83       (1.2 )%
Interest on Term Federal Funds Sold
     700       43       1,527.9 %     —       —  
 
                              
Total Interest and Dividend Income
     48,015       54,109       (11.3 )%     64,970       (26.1 )%
 
                              
INTEREST EXPENSE:
                                        
Interest on Deposits
     22,785       19,654       15.9 %     24,847       (8.3 )%
Interest on Federal Home Loan Bank Advances and Other Borrowings
     1,112       2,623       (57.6 )%     4,477       (75.2 )%
Interest on Junior Subordinated Debentures
     988       1,293       (23.6 )%     1,449       (31.8 )%
 
                              
Total Interest Expense
     24,885       23,570       5.6 %     30,773       (19.1 )%
 
                              
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES
     23,130       30,539       (24.3 )%     34,197       (32.4 )%
 
                                    
Provision for Credit Losses
     24,953       25,450       (2.0 )%     17,821       40.0 %
 
                              
NET INTEREST INCOME (LOSS) AFTER PROVISION FOR CREDIT LOSSES
     (1,823 )     5,089       (135.8 )%     16,376       (111.1 )%
 
                              
NON-INTEREST INCOME:
                                        
Service Charges on Deposit Accounts
     4,315       4,559       (5.4 )%     4,717       (8.5 )%
Insurance Commissions
     1,182       1,174       0.7 %     1,315       (10.1 )%
Remittance Fees
     523       651       (19.7 )%     505       3.6 %
Trade Finance Fees
     506       614       (17.6 )%     865       (41.5 )%
Other Service Charges and Fees
     483       513       (5.8 )%     716       (32.5 )%
Bank-Owned Life Insurance Income
     234       237       (1.3 )%     240       (2.5 )%
Gain (Loss) on Sales of Securities Available for Sale
     1,167       (58 )     (2,112.1 )%     618       88.8 %
Gain on Sales of Loans
     2       —       —       213       (99.1 )%
Other-Than-Temporary Impairment Loss on Securities
     (98 )     (494 )     (80.2 )%     —       —  
Other Income
     66       208       (68.3 )%     576       (88.5 )%
 
                              
Total Non-Interest Income
     8,380       7,404       13.2 %     9,765       (14.2 )%
 
                              
NON-INTEREST EXPENSE:
                                        
Salaries and Employee Benefits
     7,503       8,846       (15.2 )%     11,280       (33.5 )%
Occupancy and Equipment
     2,884       2,798       3.1 %     2,782       3.7 %
Data Processing
     1,536       1,069       43.7 %     1,534       0.1 %
Professional Fees
     616       912       (32.5 )%     985       (37.5 )%
Supplies and Communications
     570       510       11.8 %     704       (19.0 )%
Advertising and Promotion
     569       904       (37.1 )%     812       (29.9 )%
Amortization of Other Intangible Assets
     429       454       (5.5 )%     524       (18.1 )%
Other Operating Expenses
     4,145       5,563       (25.5 )%     2,967       39.7 %
 
                              
Total Non-Interest Expense
     18,252       21,056       (13.3 )%     21,588       (15.5 )%
 
                              
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES
     (11,695 )     (8,563 )     36.6 %     4,553       (356.9 )%
Provision (Benefit) for Income Taxes
     (6,499 )     (4,748 )     36.9 %     1,632       (498.2 )%
 
                              
 
                                        
NET INCOME (LOSS)
   $ (5,196 )   $ (3,815 )     36.2 %   $ 2,921       (277.9 )%
 
                              
 
                                        
EARNINGS (LOSS) PER SHARE:
                                        
Basic
   $ (0.11 )   $ (0.08 )     37.5 %   $ 0.06       (283.3 )%
Diluted
   $ (0.11 )   $ (0.08 )     37.5 %   $ 0.06       (283.3 )%
 
                                        
WEIGHTED-AVERAGE SHARES OUTSTANDING:
                                        
Basic
     45,891,043       45,884,462               45,842,376          
Diluted
     45,891,043       45,884,462               45,918,143          
 
                                        
SHARES OUTSTANDING AT PERIOD-END
     45,940,967       45,905,549               45,905,549          

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HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
SELECTED FINANCIAL DATA (UNAUDITED)
(Dollars in Thousands)
                                         
    Three Months Ended  
    March 31,     December 31,     %     March 31,     %  
    2009     2008     Change     2008     Change  
AVERAGE BALANCES:
                                        
Average Gross Loans, Net of Deferred Loan Fees
   $ 3,349,085     $ 3,366,601       (0.5 )%   $ 3,303,141       1.4 %
Average Investment Securities
     182,284       205,305       (11.2 )%     342,123       (46.7 )%
Average Interest-Earning Assets
     3,806,186       3,637,232       4.6 %     3,689,650       3.2 %
Average Total Assets
     3,946,860       3,789,435       4.2 %     3,965,425       (0.5 )%
Average Deposits
     3,202,032       2,879,674       11.2 %     2,995,315       6.9 %
Average Borrowings
     440,053       602,838       (27.0 )%     553,138       (20.4 )%
Average Interest-Bearing Liabilities
     3,115,332       2,913,723       6.9 %     2,897,209       7.5 %
Average Stockholders’ Equity
     263,686       271,544       (2.9 )%     377,411       (30.1 )%
Average Tangible Equity
     258,908       266,333       (2.8 )%     263,624       (1.8 )%
 
                                        
PERFORMANCE RATIOS (Annualized):
                                        
Return on Average Assets
     (0.53 )%     (0.40 )%             0.30 %        
Return on Average Stockholders’ Equity
     (7.99 )%     (5.59 )%             3.11 %        
Return on Average Tangible Equity
     (8.14 )%     (5.70 )%             4.46 %        
Efficiency Ratio
     57.92 %     55.49 %             49.11 %        
Net Interest Spread
     1.88 %     2.70 %             2.81 %        
Net Interest Margin
     2.46 %     3.34 %             3.73 %        
 
                                        
ALLOWANCE FOR LOAN LOSSES:
                                        
Balance at Beginning of Period
   $ 70,986     $ 63,948       11.0 %   $ 43,611       62.8 %
Provision Charged to Operating Expense
     24,770       25,660       (3.5 )%     16,672       48.6 %
Charge-Offs, Net of Recoveries
     (11,813 )     (18,622 )     (36.6 )%     (7,297 )     61.9 %
 
                              
Balance at End of Period
   $ 83,943     $ 70,986       18.3 %   $ 52,986       58.4 %
 
                              
 
                                        
Allowance for Loan Losses to Total Gross Loans
     2.53 %     2.11 %             1.60 %        
Allowance for Loan Losses to Total Non-Performing Loans
     63.52 %     58.23 %             59.72 %        
 
                                        
ALLOWANCE FOR OFF-BALANCE SHEET ITEMS:
                                        
Balance at Beginning of Period
   $ 4,096     $ 4,306       (4.9 )%   $ 1,765       132.1 %
Provision Charged to Operating Expense
     183       (210 )     (187.1 )%     1,149       (116.3 )%
 
                              
Balance at End of Period
   $ 4,279     $ 4,096       4.5 %   $ 2,914       46.8 %
 
                              

-7-

 

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
SELECTED FINANCIAL DATA (UNAUDITED) (Continued)
(Dollars in Thousands)
                                         
    March 31,     December 31,     %     March 31,     %  
    2009     2008     Change     2008     Change  
NON-PERFORMING ASSETS:
                                        
Non-Accrual Loans
   $ 131,323     $ 120,823       8.7 %   $ 88,529       48.3 %
Loans 90 Days or More Past Due and Still Accruing
     823       1,075       (23.4 )%     191       330.9 %
 
                              
Total Non-Performing Loans
     132,146       121,898       8.4 %     88,720       48.9 %
Other Real Estate Owned
     1,206       823       46.5 %     —       —  
 
                              
Total Non-Performing Assets
   $ 133,352     $ 122,721       8.7 %   $ 88,720       50.3 %
 
                              
 
                                        
Total Non-Performing Loans/Total Gross Loans
     3.98 %     3.62 %             2.68 %        
Total Non-Performing Assets/Total Assets
     3.43 %     3.17 %             2.25 %        
Total Non-Performing Assets/Allowance for Loan Losses
     158.9 %     172.9 %             167.4 %        
 
                                        
DELINQUENT LOANS
   $ 164,402     $ 128,469       28.0 %   $ 105,842       55.3 %
 
                              
 
                                        
Delinquent Loans/Total Gross Loans
     4.95 %     3.82 %             3.20 %        
 
                                        
LOAN PORTFOLIO:
                                        
Real Estate Loans
   $ 1,185,054     $ 1,180,114       0.4 %   $ 1,092,121       8.5 %
Commercial and Industrial Loans
     2,055,209       2,099,732       (2.1 )%     2,123,741       (3.2 )%
Consumer Loans
     79,459       83,525       (4.9 )%     90,087       (11.8 )%
 
                              
Total Gross Loans
     3,319,722       3,363,371       (1.3 )%     3,305,949       0.4 %
Deferred Loan Fees
     (1,340 )     (1,260 )     6.3 %     (1,910 )     (29.8 )%
 
                              
Gross Loans, Net of Deferred Loan Fees
     3,318,382       3,362,111       (1.3 )%     3,304,039       0.4 %
Allowance for Loan Losses
     (83,943 )     (70,986 )     18.3 %     (52,986 )     58.4 %
 
                              
Loans Receivable, Net
   $ 3,234,439     $ 3,291,125       (1.7 )%   $ 3,251,053       (0.5 )%
 
                              
 
                                        
LOAN MIX:
                                        
Real Estate Loans
     35.7 %     35.1 %             33.0 %        
Commercial and Industrial Loans
     61.9 %     62.4 %             64.2 %        
Consumer Loans
     2.4 %     2.5 %             2.8 %        
 
                                  
Total Gross Loans
     100.0 %     100.0 %             100.0 %        
 
                                  
 
                                        
DEPOSIT PORTFOLIO:
                                        
Noninterest-Bearing
   $ 542,521     $ 536,944       1.0 %   $ 676,471       (19.8 )%
Savings
     82,824       81,869       1.2 %     92,189       (10.2 )%
Money Market Checking and NOW Accounts
     308,383       370,401       (16.7 )%     696,552       (55.7 )%
Time Deposits of $100,000 or More
     1,218,826       849,800       43.4 %     1,248,853       (2.4 )%
Other Time Deposits
     1,043,555       1,231,066       (15.2 )%     313,703       232.7 %
 
                              
Total Deposits
   $ 3,196,109     $ 3,070,080       4.1 %   $ 3,027,768       5.6 %
 
                              
 
                                        
DEPOSIT MIX:
                                        
Noninterest-Bearing
     17.0 %     17.5 %             22.3 %        
Savings
     2.6 %     2.7 %             3.0 %        
Money Market Checking and NOW Accounts
     9.6 %     12.1 %             23.0 %        
Time Deposits of $100,000 or More
     38.1 %     27.7 %             41.2 %        
Other Time Deposits
     32.7 %     40.0 %             10.5 %        
 
                                  
Total Deposits
     100.0 %     100.0 %             100.0 %        
 
                                  
 
                                        
CAPITAL RATIOS (Bank Only):
                                        
Total Risk-Based
     10.79 %     10.71 %             10.79 %        
Tier 1 Risk-Based
     9.52 %     9.44 %             9.54 %        
Tier 1 Leverage
     8.40 %     8.85 %             8.74 %        

-8-

 

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID (UNAUDITED)
(Dollars in Thousands)
                                                                         
    Three Months Ended  
    March 31, 2009     December 31, 2008     March 31, 2008  
            Interest                     Interest                     Interest        
    Average     Income/     Average     Average     Income/     Average     Average     Income/     Average  
    Balance     Expense     Yield/ Rate     Balance     Expense     Yield/ Rate     Balance     Expense     Yield/ Rate  
 
                                                                        
INTEREST-EARNING ASSETS
                                                                        
 
                                                                        
Loans:
                                                                        
Real Estate Loans:
                                                                        
Commercial Property
   $ 914,632     $ 12,937       5.74 %   $ 902,367     $ 14,074       6.20 %   $ 790,350     $ 14,480       7.37 %
Construction
     180,026       1,547       3.49 %     186,080       1,881       4.02 %     217,609       2,893       5.35 %
Residential Property
     90,490       1,163       5.21 %     91,366       1,174       5.11 %     89,512       1,170       5.26 %
 
                                                      
Total Real Estate Loans
     1,185,148       15,647       5.35 %     1,179,813       17,129       5.78 %     1,097,471       18,543       6.80 %
Commercial and Industrial Loans
     2,083,951       28,237       5.50 %     2,104,820       32,691       6.18 %     2,117,501       40,125       7.62 %
Consumer Loans
     81,244       1,153       5.76 %     83,411       1,353       6.45 %     90,280       1,625       7.24 %
 
                                                      
Total Gross Loans
     3,350,343       45,037       5.45 %     3,368,044       51,173       6.04 %     3,305,252       60,293       7.34 %
Prepayment Penalty Income
     —       48       —       —       132       —       —       305       —  
Unearned Income on Loans, Net of Costs
     (1,258 )     —       —       (1,443 )     —       —       (2,111 )     —       —  
 
                                                      
Gross Loans, Net
     3,349,085       45,085       5.46 %     3,366,601       51,305       6.06 %     3,303,141       60,598       7.38 %
 
                                                      
 
                                                                        
Investment Securities:
                                                                        
Municipal Bonds
     58,886       643       4.37 %     59,718       646       4.33 %     71,879       759       4.22 %
U.S. Government Agency Securities
     9,578       96       4.01 %     21,720       201       3.70 %     109,860       1,245       4.53 %
Mortgage-Backed Securities
     75,716       895       4.73 %     79,821       971       4.87 %     97,088       1,176       4.85 %
Collateralized Mortgage Obligations
     33,631       348       4.14 %     37,853       403       4.26 %     49,932       534       4.28 %
Corporate Bonds
     159       (22 )     -55.35 %     1,688       46       10.90 %     9,509       109       4.59 %
Other Securities
     4,314       33       3.06 %     4,505       23       2.04 %     3,855       52       5.40 %
 
                                                      
Total Investment Securities
     182,284       1,993       4.37 %     205,305       2,290       4.46 %     342,123       3,875       4.53 %
 
                                                      
 
                                                                        
Other Interest-Earning Assets:
                                                                        
Equity Securities
     41,727       153       1.49 %     42,551       437       4.09 %     33,490       414       4.97 %
Federal Funds Sold
     94,585       82       0.35 %     14,410       29       0.80 %     10,896       83       3.06 %
Term Federal Funds Sold
     138,344       700       2.05 %     7,609       43       2.25 %     —       —       —  
Interest-Earning Deposits
     161       2       5.04 %     756       5       2.63 %     —       —       —  
 
                                                      
Total Other Interest-Earning Assets
     274,817       937       1.38 %     65,326       514       3.13 %     44,386       497       4.50 %
 
                                                      
 
                                                                        
TOTAL INTEREST-EARNING ASSETS
   $ 3,806,186     $ 48,015       5.12 %   $ 3,637,232     $ 54,109       5.92 %   $ 3,689,650     $ 64,970       7.08 %
 
                                                      
 
                                                                        
INTEREST-BEARING LIABILITIES
                                                                        
 
                                                                        
Interest-Bearing Deposits:
                                                                        
Savings
   $ 82,029     $ 505       2.50 %   $ 83,777     $ 506       2.40 %   $ 92,467     $ 527       2.29 %
Money Market Checking and NOW Accounts
     343,354       1,854       2.19 %     506,062       3,963       3.12 %     557,493       4,660       3.36 %
Time Deposits of $100,000 or More
     1,078,650       10,322       3.88 %     754,081       8,162       4.31 %     1,354,466       15,687       4.66 %
Other Time Deposits
     1,171,246       10,104       3.50 %     966,965       7,023       2.89 %     339,645       3,973       4.70 %
 
                                                      
Total Interest-Bearing Deposits
     2,675,279       22,785       3.45 %     2,310,885       19,654       3.38 %     2,344,071       24,847       4.26 %
 
                                                      
 
                                                                        
Borrowings:
                                                                        
FHLB Advances and Other Borrowings
     357,647       1,112       1.26 %     520,432       2,623       2.01 %     470,732       4,477       3.83 %
Junior Subordinated Debentures
     82,406       988       4.86 %     82,406       1,293       6.24 %     82,406       1,449       7.07 %
 
                                                      
Total Borrowings
     440,053       2,100       1.94 %     602,838       3,916       2.58 %     553,138       5,926       4.31 %
 
                                                      
 
                                                                        
TOTAL INTEREST-BEARING LIABILITIES
   $ 3,115,332     $ 24,885       3.24 %   $ 2,913,723     $ 23,570       3.22 %   $ 2,897,209     $ 30,773       4.27 %
 
                                                      
 
                                                                        
NET INTEREST INCOME
           $ 23,130                     $ 30,539                     $ 34,197          
 
                                                                  
 
                                                                        
NET INTEREST SPREAD
                     1.88 %                     2.70 %                     2.81 %
 
                                                                  
 
                                                                        
NET INTEREST MARGIN
                     2.46 %                     3.34 %                     3.73 %
 
                                                                  

-9-