Definitive proxy statements

Pay vs Performance Disclosure

v3.23.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
 
PAY VERSUS PERFORMANCE (“PVP”)
In accordance with Item 402(v) of Regulation
S-K,
we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last three completed calendar years. In determining the compensation actually paid (“CAP”) to our NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The PVP table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for the 2020, 2021 and 2022 calendar years. Note that for our NEOs other than our CEO, compensation is reported as an average.
 
                   
Value of Initial Fixed $100
Investment Based On:
 
        
 Year
  
Summary
Compensation
Table Total
for CEO
($) 
(1)
  
Compensation
Actually Paid
to CEO
($) 
(1)
  
Average
Summary
Compensation
Table Total for
Non-CEO

NEOs
($)
 (2)
  
Average
Compensation
Actually Paid
to
Non-CEO

NEOs
($) 
(2)
  
Total
Shareholder
Return
($)
  
Peer
Group
Total
Shareholder
Return ($)
(3)
  
Net Income
MM ($) 
(4)
  
Return on  
Average  
Assets 
(5)
  
                 
   (a)
   (b)     (c)     (d)     (e)     (f)     (g)     (h)     (i)  
                 
2022              
       2,213,109         2,543,027         659,563         694,852         124         106         101.4         1.44%    
                 
2021              
       1,869,786         2,927,802         604,668         750,438         118         117         98.7         1.64%    
                 
2020              
       1,463,615         1,193,723         452,948         344,616         57         88         42.2         0.72%    
 
(1)
The CEO was Bonita I. Lee for each year shown in the table above.
 
(2)
Non-CEO
NEOs for 2021 and 2022 were Romolo C. Santarosa, Anthony Kim, Matthew D. Fuhr, and Michael Du.
Non-CEO
NEOs for 2020 were Romolo C. Santarosa, Anthony Kim, Matthew D. Fuhr, and Min Park.
 
(3)
The Peer Group used for this calculation was the KBW Regional Banking Index.
 
(4)
Net Income reflected represents GAAP Net Income as reported on Form
10-K
consolidated financials.
 
(5)
Return on Average Assets (ROAA) is the Company-selected performance measure, per the requirements of item 402(v) of Regulation
S-K.
   
Company Selected Measure Name Return on Average Assets (ROAA)    
Named Executive Officers, Footnote [Text Block]
Non-CEO
NEOs for 2021 and 2022 were Romolo C. Santarosa, Anthony Kim, Matthew D. Fuhr, and Michael Du.
Non-CEO
NEOs for 2020 were Romolo C. Santarosa, Anthony Kim, Matthew D. Fuhr, and Min Park. 		   
Peer Group Issuers, Footnote [Text Block] The Peer Group used for this calculation was the KBW Regional Banking Index.    
PEO Total Compensation Amount $ 2,213,109 $ 1,869,786 $ 1,463,615
PEO Actually Paid Compensation Amount $ 2,543,027 2,927,802 1,193,723
Adjustment To PEO Compensation, Footnote [Text Block]
CEO Compensation
To determine the amounts in column (c) of the PVP table above, the following amounts were deducted from and added to (as applicable) the CEO’s total compensation as reported in the Summary Compensation Table (“SCT”), in accordance with Item 402(v) of Regulation
S-K.
 
  Year
   
SCT Total for
CEO
($)
   
SCT Reported
Equity Award
Value for CEO
($)
  
Equity Award
Adjustments for
CEO
($) 
(1)
   
Compensation  
Actually Paid to  
CEO  
($)  
         
  2022
        2,213,109          (650,041 )       979,959          2,543,027    
         
  2021
        1,869,786          (524,983 )       1,582,999          2,927,802    
         
  2020
        1,463,615          (419,994 )       150,102          1,193,723    
 
(1)
Represents the year-over-year change in the fair value of equity awards to Bonita I. Lee as summarized below:
 
  Year
  
Year End Fair
Value of
Unvested
Equity Awards
Granted in the
Year
($)
  
Year over Year
Change in Fair
Value of
Outstanding
Unvested Equity
Awards Granted
in Prior Years
($)
  
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
($)
  
Year over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years
that Vested in the
Year
($)
  
Fair Value at the
End of the Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in the
Year
($)
  
Value of
Dividends or
other Earnings
Paid on Equity
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
  
Total Equity  
Award  
Adjustments  
($)  
               
  2022
       663,546         271,424         —         17,346         —         27,643         979,959  
               
  2021
       723,607         722,845         —         117,954         —         18,593         1,582,999  
               
  2020
       455,526         (127,383 )       —         (69,990 )       (123,732 )       15,681         150,102  
In the table above, the equity values are computed in accordance with the methodologies used for financial reporting purposes, and for unvested awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions.
   
Non-PEO NEO Average Total Compensation Amount $ 659,563 604,668 452,948
Non-PEO NEO Average Compensation Actually Paid Amount $ 694,852 750,438 344,616
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Average
Non-CEO
NEO Compensation
To determine the amounts in column (e) in the PVP table, the following amounts were deducted from and added to (as applicable) our
Non-CEO
NEO’s average total compensation as reported in the SCT, in accordance with Item 402(v) of Regulation
S-K.
 
  Year
   
Average SCT Total
for
Non-CEO

NEOs
($)
   
Average SCT
Reported Equity
Award Value for
Non-CEO NEOs
($)
  
Average Equity
Award
Adjustments for
Non-CEO
NEOs
($) 
(1)
  
Average  
Compensation  
Actually Paid to  
Non-CEO NEOs  
($)  
         
  2022
        659,563          (114,655 )       149,944         694,852  
         
  2021
        604,668          (104,424 )       250,194         750,438  
         
  2020
        452,948          (14,616 )       (93,716 )       344,616  
 
(1)
Represents the average of the year-over-year change in the fair value of equity awards to our
Non-CEO
NEO’s as summarized below:
 
  Year
  
Year End Fair
Value of
Unvested Equity
Awards Granted
in the Year
($)
  
Year over Year
Change in Fair
Value of
Outstanding
Unvested Equity
Awards Granted
in Prior Years
($)
  
Fair Value as
of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
($)
  
Year over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years
that Vested in
the Year
($)
  
Fair Value at the
End of the Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in
the Year
($)
  
Value of
Dividends or
other Earnings
Paid on Equity
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
  
Total Equity  
Award  
Adjustments  
($)  
               
  2022
       117,094         $22,068         —         5,055         —         5,727         149,944  
               
  2021
       144,622         82,591         —         29,494         (11,581)         5,069         250,194  
               
  2020
       17,577         (65,841 )       165         (30,942 )       (20,420)         5,745         (93,716 )
In the table above, the equity values are computed in accordance with the methodologies used for financial reporting purposes, and for unvested awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions.
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Compensation Actually Paid (CAP) vs. Hanmi
3-year
Cumulative TSR vs. Peer
3-year
Cumulative TSR
 
 
LOGO
The chart above sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our other NEOs, and the Company’s cumulative TSR during the three most recently completed fiscal years.
   
Compensation Actually Paid vs. Net Income [Text Block]
Compensation Actually Paid (CAP) vs.
Net-Income
 
 
LOGO
The chart above sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our other NEOs, and the Company’s net income during the three most recently completed fiscal years.
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Compensation Actually Paid (CAP) vs. Company Selected Measure (CSM): Return on Average Assets
 
 
LOGO
The chart above sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our other NEOs, and the Return on Average Assets during the three most recently completed fiscal years.
   
Total Shareholder Return Vs Peer Group [Text Block]
Compensation Actually Paid (CAP) vs. Hanmi
3-year
Cumulative TSR vs. Peer
3-year
Cumulative TSR
 
 
LOGO
The chart above sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our other NEOs, and the Company’s cumulative TSR during the three most recently completed fiscal years.
   
Tabular List [Table Text Block]
 
Company-Selected Measure and Other Financial Performance Measures
The following financial performance measures are used to link compensation actually paid to NEOs for the most recently completed fiscal years to Company performance.
 
Performance Measure
 
 
Return on Average Assets
 
Non-Performing
Assets to Total Assets
 
Efficiency Ratio
   
Total Shareholder Return Amount $ 124 118 57
Peer Group Total Shareholder Return Amount 106 117 88
Net Income (Loss) $ 101,400,000 $ 98,700,000 $ 42,200,000
Company Selected Measure Amount 0.0144 0.0164 0.0072
PEO Name Bonita I. Lee    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Average Assets    
Non-GAAP Measure Description [Text Block] Return on Average Assets (ROAA) is the Company-selected performance measure, per the requirements of item 402(v) of Regulation
S-K.
    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Non-Performing Assets to Total Assets    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Efficiency Ratio    
PEO [Member] | SCT Reported Equity Award Value for CEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (650,041) $ (524,983) $ (419,994)
PEO [Member] | Equity Award Adjustments for CEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 979,959 1,582,999 150,102
PEO [Member] | Year End Fair Value of Unvested Equity Awards Granted in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 663,546 723,607 455,526
PEO [Member] | Year over Year Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 271,424 722,845 (127,383)
PEO [Member] | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 17,346 117,954 (69,990)
PEO [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (123,732)
PEO [Member] | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 27,643 18,593 15,681
PEO [Member] | Total Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 979,959 1,582,999 150,102
Non-PEO NEO [Member] | Average SCT Reported Equity Award Value for NonCEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (114,655) (104,424) (14,616)
Non-PEO NEO [Member] | Average Equity Award Adjustments for NonCEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 149,944 250,194 (93,716)
Non-PEO NEO [Member] | Year End Fair Value of Unvested Equity Awards Granted in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 117,094 144,622 17,577
Non-PEO NEO [Member] | Year over Year Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 22,068 82,591 (65,841)
Non-PEO NEO [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     165
Non-PEO NEO [Member] | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 5,055 29,494 (30,942)
Non-PEO NEO [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   (11,581) (20,420)
Non-PEO NEO [Member] | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 5,727 5,069 5,745
Non-PEO NEO [Member] | Total Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 149,944 $ 250,194 $ (93,716)