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

Off-Balance Sheet Commitments (Tables)

12 Months Ended

Dec. 31, 2019

The following table shows the distribution of undisbursed loan commitments as of the dates indicated:

	December 31,
	2019		2018
	(in thousands)
Commitments to extend credit	$	371,287	$	325,100
Standby letters of credit		31,372		32,500
Commercial letters of credit		11,133		13,848
Total undisbursed loan commitments	$	413,792	$	371,448

Activity in the allowance for off-balance sheet items was as follows for the periods indicated:

	As of and for the Year Ended December 31,
	2019		2018		2017
	(in thousands)
Allowance for off-balance sheet items:
Balance at beginning of period	$	1,439	$	1,296	$	1,184
Provision charged to operating expense		958		143		112
Balance at end of period	$	2,397	$	1,439	$	1,296