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

Off-Balance Sheet Commitments (Tables)

3 Months Ended

Mar. 31, 2023

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


	March 31,		December 31,
	2023		2022
	(in thousands)
Unused commitments to extend credit	$	834,661	$	780,543
Standby letters of credit		71,518		71,829
Commercial letters of credit		18,192		19,945
Total commitments	$	924,371	$	872,317

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,
	2023			2022
	(in thousands)
Balance at beginning of period	$	3,114		$	2,586
Provision expense (recovery) for credit losses		(48	)		(228	)
Balance at end of period	$	3,066		$	2,358