Hanmi Financial Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Premises and Equipment

Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Premises and Equipment

Note 7 — Premises and Equipment

The following is a summary of the major components of premises and equipment:


	As of December 31,
	2014			2013
	(In thousands)
Land	$	9,860		$	6,120
Building and improvements		19,598			9,248
Furniture and equipment		17,902			15,654
Leasehold improvements		11,403			10,389
Software		862			862

		59,625			42,273
Accumulated depreciation and amortization		(28,713	)		(28,052	)

Total premises and equipment, net	$	30,912		$	14,221

Depreciation and amortization expense totaled $2.2 million, $1.9 million and $2.1 million for the years ended December 31, 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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