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

Quarterly report pursuant to Section 13 or 15(d)

Deposits

Deposits

6 Months Ended

Jun. 30, 2020

Note 7 — Deposits

Time deposits at or exceeding the FDIC insurance limit of $250,000 at June 30, 2020 and December 31, 2019 were $308.5 million and $299.9 million, respectively.

The scheduled maturities of time deposits are as follows for the periods indicated:

At June 30, 2020	Time Deposits of $250,000 or More		Other Time Deposits		Total
	(in thousands)
2020	$	213,200	$	549,973	$	763,174
2021		94,456		514,553		609,009
2022		—		59,134		59,134
2023		796		1,841		2,636
2024 and thereafter		—		1,062		1,062
Total	$	308,453	$	1,126,562	$	1,435,015

At December 31, 2019
2020	$	291,940	$	1,098,666	$	1,390,606
2021		7,186		130,331		137,517
2022		—		25,155		25,155
2023		789		1,185		1,974
2024 and thereafter		—		669		669
Total	$	299,914	$	1,256,005	$	1,555,919

Accrued interest payable on deposits was $8.6 million and $11.2 million at June 30, 2020 and December 31, 2019, respectively. Total deposits reclassified to loans due to overdrafts at June 30, 2020 and December 31, 2019 were $442,000 and $1.5 million, respectively.