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

Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

We lease our premises under non-cancelable operating leases. At December 31, 2018, future minimum annual rental commitments under these non-cancelable operating leases, with initial or remaining terms of one year or more, were as follows:



Year Ended December 31,	Amount
	(in thousands)
2019	$	6,955
2020	5,650
2021	3,339
2022	2,631
2023	2,044
Thereafter	7,259
Total	$	27,878

For the years ended December 31, 2018, 2017 and 2016, rental expenses recorded under such leases amounted to $7.4 million, $7.0 million and $6.6 million, respectively.

Litigation

In the normal course of business, we are involved in various legal claims. Management has reviewed all legal claims against us with in-house or outside legal counsel and has taken into consideration the views of such counsel as to the outcome of the claims. In management’s opinion, the final disposition of all such claims will not have a material adverse effect on our financial position or results of operations.