Hanmi Financial Corporation Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

9 Months Ended

Sep. 30, 2019

The following table presents the Company's right-of-use asset and lease liability for the period indicated:



	September 30, 2019
	(in thousands)
Assets
Total right-of-use assets - Operating leases	$	38,211

Liabilities
Total lease liabilities - Operating leases	$	38,767

The following table presents the Company's lease costs for the periods indicated:



	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
	(in thousands)
Operating lease cost ⁽¹⁾	$	2,089		$	5,956
Sublease income⁽²⁾	(33		)	(99		)
Net lease cost	$	2,056		$	5,857


⁽¹⁾	Includes short-term leases and variable lease costs, which are recorded in rent expense.


⁽²⁾	Includes rental income from leased properties, which are included as contra-expense in rent expense.

The following table presents the Company's remaining lease liability by maturity as of September 30, 2019:



	Operating Leases
	(in thousands)

2019	$	1,902
2020	6,374
2021	5,129
2022	4,843
2023	4,735
Thereafter	21,727
	44,710
Interest	(5,943		)
Present value of lease liability	$	38,767