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

Quarterly report pursuant to Section 13 or 15(d)

Securities (Tables)

Securities (Tables)

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Summary of Investment Securities Available for Sale

The following is a summary of securities available for sale as of June 30, 2015 and December 31, 2014:



	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value
	(in thousands)
June 30, 2015
Mortgage-backed securities ^{(1) (2)}	$	379,574	$	1,374	$	1,380	$	379,568
Collateralized mortgage obligations ⁽¹⁾	154,968		1,061		660		155,369
U.S. government agency securities	63,969		4		1,312		62,661
SBA loan pool securities	71,960		83		357		71,686
Municipal bonds-tax exempt	3,589		37		—		3,626
Municipal bonds-taxable	15,607		271		46		15,832
Corporate bonds	17,019		1		44		16,976
U.S. treasury securities	161		1		—		162
Other securities	22,916		—		113		22,803
Total securities available for sale	$	729,763	$	2,832	$	3,912	$	728,683
December 31, 2014
Mortgage-backed securities ^{(1) (2)}	$	571,678	$	2,811	$	1,203	$	573,286
Collateralized mortgage obligations ⁽¹⁾	188,704		417		1,074		188,047
U.S. government agency securities	129,857		172		1,822		128,207
SBA loan pool securities	109,983		52		588		109,447
Municipal bonds-tax exempt	4,319		71		—		4,390
Municipal bonds-taxable	16,615		398		91		16,922
Corporate bonds	17,018		2		72		16,948
U.S. treasury securities	163		—		—		163
Other securities	22,916		57		80		22,893
Equity securities	450		—		36		414
Total securities available for sale	$	1,061,703	$	3,980	$	4,966	$	1,060,717


⁽¹⁾	Collateralized by residential mortgages and guaranteed by U.S. government sponsored entities


⁽²⁾	A portion of the mortgage-backed securities is comprised of home mortgage-backed securities backed by home equity conversion mortgages

Schedule of Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity

The amortized cost and estimated fair value of securities as of June 30, 2015, by contractual maturity, are shown below. Although mortgage-backed securities and collateralized mortgage obligations have contractual maturities through 2064, expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.



	Available for Sale
	Amortized Cost		Estimated Fair Value
	(in thousands)
Within one year	$	11,998	$	11,973
Over one year through five years	17,329		17,208
Over five years through ten years	98,196		97,498
Over ten years	44,782		44,264
Mortgage-backed securities	379,574		379,568
Collateralized mortgage obligations	154,968		155,369
Other securities	22,916		22,803
Total	$	729,763	$	728,683

Available for Sale Securities, Continuous Unrealized Loss Position, Fair Value

Gross unrealized losses on securities available for sale, the estimated fair value of the related securities and the number of securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows as of June 30, 2015 and December 31, 2014



	Holding Period
	Less Than 12 Months					12 Months or More					Total
	Gross Unrealized Loss		Estimated Fair Value		Number of Securities	Gross Unrealized Loss		Estimated Fair Value		Number of Securities	Gross Unrealized Loss		Estimated Fair Value		Number of Securities
	(in thousands, except number of securities)
June 30, 2015
Mortgage-backed securities	$	595	$	94,908	32	$	785	$	22,781	9	$	1,380	$	117,689	41
Collateralized mortgage obligations	114		28,201		8	546		28,654		12	660		56,855		20
U.S. government agency securities	394		29,596		11	918		30,061		10	1,312		59,657		21
SBA loan pool securities	19		13,971		3	338		11,362		4	357		25,333		7
Municipal bonds-taxable	46		6,086		5	—		—		—	46		6,086		5
Corporate bonds	17		5,004		1	27		7,971		2	44		12,975		3
Other securities	25		21,861		3	88		937		3	113		22,798		6
Total	$	1,210	$	199,627	63	$	2,702	$	101,766	40	$	3,912	$	301,393	103
December 31, 2014
Mortgage-backed securities	$	288	$	102,704	21	$	915	$	50,625	19	$	1,203	$	153,329	40
Collateralized mortgage obligations	350		78,191		21	724		33,308		13	1,074		111,499		34
U.S. government agency securities	—		5,000		1	1,822		73,142		26	1,822		78,142		27
SBA loan pool securities	155		85,062		15	433		11,975		4	588		97,037		19
Municipal bonds-taxable	—		—		—	91		5,538		5	91		5,538		5
Corporate bonds	4		5,021		1	68		7,925		2	72		12,946		3
Other securities	—		—		—	80		1,945		4	80		1,945		4
Equity securities	36		214		1	—		—		—	36		214		1
Total	$	833	$	276,192	60	$	4,133	$	184,458	73	$	4,966	$	460,650	133

Realized Gains and Losses on Sales of Investment Securities

Realized gains and losses on sales of securities and proceeds from sales of securities were as follows for the periods indicated:



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(in thousands)
Gross realized gains on sales of securities	$	2,067		$	365		$	4,262		$	1,786
Gross realized losses on sales of securities	(155		)	(1		)	(166		)	(1		)
Net realized gains on sales of securities	$	1,912		$	364		$	4,096		$	1,785
Proceeds from sales of securities	$	130,594		$	40,822		$	307,442		$	126,056