Hanmi Financial Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Premises and Equipment

Premises and Equipment

12 Months Ended

Dec. 31, 2011

Premises and Equipment [Abstract]

PREMISES AND EQUIPMENT

NOTE 6 — PREMISES AND EQUIPMENT

The following is a summary of the major components of premises and equipment:


	December 31,
	2011			2010
	(In Thousands)
Land	$	6,120		$	6,120
Building and Improvements		9,198			9,115
Furniture and Equipment		15,229			15,377
Leasehold Improvements		11,298			11,238
Software		862			862

		42,707			42,712
Accumulated Depreciation and Amortization		(26,104	)		(25,113	)

Total Premises and Equipment, Net	$	16,603		$	17,599

Depreciation and amortization expense totaled $2.2 million, $2.3 million and $2.6 million for the years ended December 31, 2011, 2010 and 2009, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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