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

Quarterly report pursuant to Section 13 or 15(d)

Deposits

Deposits

9 Months Ended

Sep. 30, 2020

Note 7 — Deposits

Time deposits at or exceeding the FDIC insurance limit of $250,000 at September 30, 2020 and December 31, 2019 were $323.5 million and $299.9 million, respectively.

The scheduled maturities of time deposits are as follows for the periods indicated:

At September 30, 2020	Time Deposits of $250,000 or More		Other Time Deposits		Total
	(in thousands)
2020	$	188,103	$	199,636	$	387,739
2021		133,248		738,435		871,683
2022		1,320		63,407		64,727
2023		799		12,202		13,002
2024 and thereafter		—		1,352		1,352
Total	$	323,471	$	1,015,033	$	1,338,504

At December 31, 2019
2020	$	291,940	$	1,098,666	$	1,390,606
2021		7,186		130,331		137,517
2022		—		25,155		25,155
2023		789		1,185		1,974
2024 and thereafter		—		669		669
Total	$	299,914	$	1,256,005	$	1,555,919

Accrued interest payable on deposits was $5.4 million and $11.2 million at September 30, 2020 and December 31, 2019, respectively. Total deposits reclassified to loans due to overdrafts at September 30, 2020 and December 31, 2019 were $808,000 and $1.5 million, respectively.