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

Off-Balance Sheet Commitments (Tables)

3 Months Ended

Mar. 31, 2022

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

	March 31,		December 31,
	2022		2021
	(in thousands)
Unusued commitments to extend credit	$	626,615	$	626,474
Standby letters of credit		46,669		49,287
Commercial letters of credit		46,617		39,261
Total commitments	$	719,901	$	715,022

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

	Three Months Ended March 31,
	2022			2021
	(in thousands)
Balance at beginning of period	$	2,586		$	2,792
Provision expense (recovery) for credit losses		(228	)		(450	)
Balance at end of period	$	2,358		$	2,342