Annual report pursuant to Section 13 and 15(d)

Condensed Financial Information of Parent Company (Tables)

v3.6.0.2
Condensed Financial Information of Parent Company (Tables)
12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Balance Sheets of Parent Company
 
Year Ended December 31,
 
2016
 
2015
 
(In thousands)
Assets
 
 
 
Cash
$
3,885

 
$
15,660

Investment in consolidated subsidiaries
540,672

 
491,610

Other assets
5,572

 
5,525

Total assets
$
550,129


$
512,795

Liabilities and Stockholders’ Equity
 
 
 
Liabilities:
 
 
 
Subordinated debentures
$
18,978

 
$
18,703

Other liabilities
126

 
174

Total liabilities
19,104

 
18,877

Stockholders’ equity
531,025

 
493,918

Total liabilities and stockholders’ equity
$
550,129


$
512,795

Statement of Income of Parent Company
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In thousands)
Equity in earnings of subsidiaries
$
51,141

 
$
56,840

 
$
39,576

Other income (expenses), net
5,348

 
(3,017
)
 
10,185

Net income
$
56,489


$
53,823


$
49,761

Statement of Cash Flows of Parent Company
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In thousands)
Cash Flows from Operating Activities:
 
 
 
 
 
Net income
$
56,489

 
$
53,823

 
$
49,761

Adjustments to reconcile net income to net cash used in operating activities:
 
 
 
 
 
Income from subsidiaries
(51,141
)
 
(56,840
)
 
(39,576
)
Amortization of subordinated debentures
275

 
159

 
71

Share-based compensation expense
3,008

 
2,241

 
2,165

Bargain purchase gain

 

 
(14,577
)
Change in other assets
(47
)
 
(1,277
)
 
(2,320
)
Change in other liabilities
(48
)
 
(1,403
)
 
15,715

Net cash provided by (used in) operating activities
8,536


(3,297
)

11,239

Cash Flows from Investing Activities:
 
 
 
 
 
Cash paid for repurchases of vested shares due to employee tax liability
(579
)
 
(349
)
 

Cash acquired in acquisition, net of cash consideration paid

 

 
116,967

Proceeds from Hanmi Bank

 
12,782

 
76,231

Payments to Hanmi Bank

 

 
(193,179
)
Net cash provided by investing activities
(579
)

12,433


19

Cash Flows from Financing Activities:
 
 
 
 
 
Proceeds from exercise of stock options and stock warrants
1,453

 
616

 
467

Cash dividend paid
(21,185
)
 
(12,780
)
 
(6,694
)
Net cash (used in) provided by financing activities
(19,732
)

(12,164
)

(6,227
)
Net increase (decrease) in cash
(11,775
)
 
(3,028
)
 
5,031

Cash at beginning of year
15,660

 
18,688

 
13,657

Cash at end of year
$
3,885


$
15,660


$
18,688