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

Off-Balance Sheet Commitments (Tables)

6 Months Ended

Jun. 30, 2022

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

	June 30,		December 31,
	2022		2021
	(in thousands)
Unused commitments to extend credit	$	613,804	$	626,474
Standby letters of credit		59,480		49,287
Commercial letters of credit		47,371		39,261
Total commitments	$	720,655	$	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 June 30,					Six Months Ended June 30,
	2022			2021		2022			2021
	(in thousands)
Balance at beginning of period	$	2,358		$	2,342	$	2,586		$	2,792
Provision expense (recovery) for credit losses		(45	)		1,301		(273	)		851
Balance at end of period	$	2,313		$	3,643	$	2,313		$	3,643