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

Quarterly report pursuant to Section 13 or 15(d)

Loans (Tables)

Loans (Tables)

6 Months Ended

Jun. 30, 2012


	June 30, 2012			December 31, 2011
	(In Thousands)
Real Estate Loans:
Commercial Property	$	724,129		$	663,023
Construction		7,930			33,976
Residential Property		107,757			52,921

Total Real Estate Loans		839,816			749,920

Commercial and Industrial Loans
Commercial Term Loans ⁽¹⁾		854,499			944,836
Commercial Lines of Credit ⁽²⁾		53,916			55,770
SBA Loans ⁽³⁾		129,415			116,192
International Loans		32,639			28,676

Total Commercial and Industrial Loans		1,070,469			1,145,474

Consumer Loans		39,339			43,346

Total Gross Loans		1,949,624			1,938,740
Allowance for Loan Losses		(71,893	)		(89,936	)
Deferred Loan Costs		636			216

Loans Receivable, Net	$	1,878,367		$	1,849,020

⁽¹⁾

Includes owner-occupied property loans of $722.5 million and $786.3 million as of June 30, 2012 and December 31, 2011, respectively.

⁽²⁾

Includes owner-occupied property loans of $919,000 and $936,000 as of June 30, 2012 and December 31, 2011, respectively.

⁽³⁾

Includes owner-occupied property loans of $114.5 million and $93.6 million as of June 30, 2012 and December 31, 2011, respectively.

Loans receivable to loans held for sale


	Real Estate			Commercial and Industrial			Consumer		Total
	(In Thousands)
June 30, 2012:
Loans Held for Sale:
Beginning Balance	$	10,879		$	45,114		$	—	$	55,993
Origination of Loans Held for Sale		—			34,723			—		34,723
Reclassification from Loans Receivable to Loans Held for Sale		15,148			11,842			—		26,990
Reclassification from Loans Held for Sale to Loan Receivables		(1,647	)		(132	)		—		(1,779	)
Sales of Loans Held for Sale		(21,909	)		(87,552	)		—		(109,461	)
Principal Payoffs and Amortization		(58	)		(146	)		—		(204	)
Valuation Adjustments		(1,124	)		—			—		(1,124	)

Ending Balance	$	1,289		$	3,849		$	—	$	5,138

June 30, 2011:
Loans Held for Sale:
Beginning Balance	$	3,513		$	44,136		$	—	$	47,649
Origination of Loans Held for Sale		—			1,771			—		1,771
Reclassification from Loans Receivable to Loans Held for Sale		266			9,567			—		9,833
Sales of Loans Held for Sale		(2,664	)		(11,557	)		—		(14,221	)
Principal Payoffs and Amortization		(8	)		(237	)		—		(245	)
Valuation Adjustments		(133	)		(549	)		—		(682	)

Ending Balance	$	974		$	43,131		$	—	$	44,105


	Real Estate			Commercial and Industrial			Consumer		Total
	(In Thousands)
June 30, 2012:
Loans Held for Sale:
Beginning Balance	$	11,068		$	11,519		$	—	$	22,587
Origination of Loans Held for Sale		—			60,589			—		60,589
Reclassification from Loans Receivable to Loans Held for Sale		32,224			32,247			—		64,471
Reclassification from Loans Held for Sale to OREO		(360	)		—			—		(360	)
Reclassification from Loans Held for Sale to Loan Receivables		(1,647	)		(132	)		—		(1,779	)
Sales of Loans Held for Sale		(38,703	)		(99,455	)		—		(138,158	)
Principal Payoffs and Amortization		(169	)		(262	)		—		(431	)
Valuation Adjustments		(1,124	)		(657	)		—		(1,781	)

Ending Balance	$	1,289		$	3,849		$	—	$	5,138

June 30, 2011:
Loans Held for Sale:
Beginning Balance	$	3,666		$	32,954		$	—	$	36,620
Origination of Loans Held for Sale		—			16,056			—		16,056
Reclassification from Loans Receivable to Loans Held for Sale		18,175			19,631			—		37,806
Sales of Loans Held for Sale		(20,653	)		(22,140	)		—		(42,793	)
Principal Payoffs and Amortization		(14	)		(667	)		—		(681	)
Valuation Adjustments		(200	)		(2,703	)		—		(2,903	)

Ending Balance	$	974		$	43,131		$	—	$	44,105

Allowance for Loan Losses and Allowance for Off-Balance Sheet Items


	As of and for the Three Months Ended									As of and for the Six Months Ended
	June 30, 2012			March 31, 2012			June 30, 2011			June 30, 2012			June 30, 2011
	(In Thousands)
Allowance for Loan Losses:
Balance at Beginning of Period	$	81,052		$	89,936		$	125,780		$	89,936		$	146,059
Actual Charge-Offs		(14,716	)		(12,321	)		(20,652	)		(27,037	)		(45,833	)
Recoveries on Loans Previously Charged Off		1,324			1,037			4,151			2,361			7,777

Net Loan Charge-Offs		(13,392	)		(11,284	)		(16,501	)		(24,676	)		(38,056	)
Provision Charged to Operating Expense		4,233			2,400			(250	)		6,633			1,026

Balance at End of Period	$	71,893		$	81,052		$	109,029		$	71,893		$	109,029

Allowance for Off-Balance Sheet Items:
Balance at Beginning of Period	$	2,581		$	2,981		$	2,141		$	2,981		$	3,417
Provision Charged to (Reversal of Charged to) Operating Expense		(233	)		(400	)		250			(633	)		(1,026	)

Balance at End of Period	$	2,348		$	2,581		$	2,391		$	2,348		$	2,391

Allowance for credit losses by portfolio segment


	Real Estate		Commercial andIndustrial		Consumer			Unallocated			Total
	(In Thousands)
June 30, 2012:
Allowance for Loan Losses:
Beginning Balance	$	22,230	$	54,638	$	2,244		$	1,940		$	81,052
Charge-Offs		5,243		9,393		80			—			14,716
Recoveries on Loans Previously Charged Off		517		789		18			—			1,324
Provision		3,902		776		(425	)		(20	)		4,233

Ending Balance	$	21,406	$	46,810	$	1,757		$	1,920		$	71,893

Ending Balance: Individually Evaluated for Impairment	$	437	$	7,224	$	—		$	—		$	7,661

Ending Balance: Collectively Evaluated for Impairment	$	20,969	$	39,586	$	1,757		$	1,920		$	64,232

Loans Receivable:
Ending Balance	$	839,816	$	1,070,469	$	39,339		$	—		$	1,949,624

Ending Balance: Individually Evaluated for Impairment	$	16,619	$	42,087	$	1,401		$	—		$	60,107

Ending Balance: Collectively Evaluated for Impairment	$	823,197	$	1,028,382	$	37,938		$	—		$	1,889,517

June 30, 2011:
Allowance for Loan Losses:
Beginning Balance	$	25,884	$	93,878	$	1,732		$	4,286		$	125,780
Charge-Offs		5,591		14,741		320			—			20,652
Recoveries on Loans Previously Charged Off		2,223		1,915		13			—			4,151
Provision		1,599		1,793		162			(3,804	)		(250	)

Ending Balance	$	24,115	$	82,845	$	1,587		$	482		$	109,029

Ending Balance: Individually Evaluated for Impairment	$	3,324	$	26,149	$	223		$	—		$	29,696

Ending Balance: Collectively Evaluated for Impairment	$	20,791	$	56,696	$	1,364		$	482		$	79,333

Loans Receivable:
Ending Balance	$	787,585	$	1,234,519	$	46,500		$	—		$	2,068,604

Ending Balance: Individually Evaluated for Impairment	$	78,065	$	114,560	$	870		$	—		$	193,495

Ending Balance: Collectively Evaluated for Impairment	$	709,520	$	1,119,959	$	45,630		$	—		$	1,875,109


	Real Estate		Commercial and Industrial			Consumer			Unallocated			Total
	(In Thousands)
June 30, 2012:
Allowance for Loan Losses:
Beginning Balance	$	19,637	$	66,005		$	2,243		$	2,051		$	89,936
Charge-Offs		8,085		18,508			444			—			27,037
Recoveries on Loans Previously Charged Off		517		1,802			42			—			2,361
Provision		9,337		(2,489	)		(84	)		(131	)		6,633

Ending Balance	$	21,406	$	46,810		$	1,757		$	1,920		$	71,893

Ending Balance: Individually Evaluated for Impairment	$	437	$	7,224		$	—		$	—		$	7,661

Ending Balance: Collectively Evaluated for Impairment	$	20,969	$	39,586		$	1,757		$	1,920		$	64,232

Loans Receivable:
Ending Balance	$	839,816	$	1,070,469		$	39,339		$	—		$	1,949,624

Ending Balance: Individually Evaluated for Impairment	$	16,619	$	42,087		$	1,401		$	—		$	60,107

Ending Balance: Collectively Evaluated for Impairment	$	823,197	$	1,028,382		$	37,938		$	—		$	1,889,517

June 30, 2011:
Allowance for Loan Losses:
Beginning Balance	$	32,766	$	108,986		$	2,079		$	2,228		$	146,059
Charge-Offs		12,644		32,693			496			—			45,833
Recoveries on Loans Previously Charged Off		2,744		5,011			22			—			7,777
Provision		1,249		1,541			(18	)		(1,746	)		1,026

Ending Balance	$	24,115	$	82,845		$	1,587		$	482		$	109,029

Ending Balance: Individually Evaluated for Impairment	$	3,324	$	26,149		$	223		$	—		$	29,696

Ending Balance: Collectively Evaluated for Impairment	$	20,791	$	56,696		$	1,364		$	482		$	79,333

Loans Receivable:
Ending Balance	$	787,585	$	1,234,519		$	46,500		$	—		$	2,068,604

Ending Balance: Individually Evaluated for Impairment	$	78,065	$	114,560		$	870		$	—		$	193,495

Ending Balance: Collectively Evaluated for Impairment	$	709,520	$	1,119,959		$	45,630		$	—		$	1,875,109

Credit quality of loan portfolio


	Pass (Grade 0-4)		Criticized (Grade 5)		Classified (Grade 6-7)		Total Loans
	(In Thousands)
June 30, 2012:
Real Estate Loans:
Commercial Property
Retail	$	332,656	$	3,095	$	9,975	$	345,726
Land		6,163		—		12,340		18,503
Other		330,499		25,141		4,260		359,900
Construction		—		—		7,930		7,930
Residential Property		103,901		—		3,856		107,757
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		102,701		1,356		27,923		131,980
Secured by Real Estate		651,727		16,145		54,647		722,519
Commercial Lines of Credit		50,808		885		2,223		53,916
SBA Loans		113,925		1,382		14,108		129,415
International Loans		31,589		—		1,050		32,639
Consumer Loans		35,821		218		3,300		39,339

Total	$	1,759,790	$	48,222	$	141,612	$	1,949,624

December 31, 2011:
Real Estate Loans:
Commercial Property
Retail	$	292,914	$	8,858	$	10,685	$	312,457
Land		4,351		—		3,418		7,769
Other		297,734		8,428		36,635		342,797
Construction		—		14,080		19,896		33,976
Residential Property		48,592		—		4,329		52,921
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		100,804		8,680		41,796		151,280
Secured by Real Estate		634,822		36,290		122,444		793,556
Commercial Lines of Credit		44,985		7,676		3,109		55,770
SBA Loans		96,983		1,496		17,713		116,192
International Loans		26,566		—		2,110		28,676
Consumer Loans		40,454		676		2,216		43,346

Total	$	1,588,205	$	86,184	$	264,351	$	1,938,740

Analysis of past due loans, disaggregated by class of loans


	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		Accruing 90 Days or More Past Due
	(In Thousands)
June 30, 2012:
Real Estate Loans:
Commercial Property
Retail	$	—	$	—	$	—	$	—	$	345,726	$	345,726	$	—
Land		—		—		—		—		18,503		18,503		—
Other		—		—		62		62		359,838		359,900		—
Construction		—		—		7,930		7,930		—		7,930		—
Residential Property		211		235		191		637		107,120		107,757		—
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		793		371		702		1,866		130,114		131,980		—
Secured by Real Estate		293		939		1,202		2,434		720,085		722,519		—
Commercial Lines of Credit		150		—		616		766		53,150		53,916		—
SBA Loans		2,145		228		5,534		7,907		121,508		129,415		—
International Loans		—		1,050		—		1,050		31,589		32,639		—
Consumer Loans		330		104		1,209		1,643		37,696		39,339		—

Total	$	3,922	$	2,927	$	17,446	$	24,295	$	1,925,329	$	1,949,624	$	—

December 31, 2011:
Real Estate Loans:
Commercial Property
Retail	$	485	$	—	$	—	$	485	$	311,972	$	312,457	$	—
Land		—		—		—		—		7,769		7,769		—
Other		—		—		—		—		342,797		342,797		—
Construction		—		—		8,310		8,310		25,666		33,976		—
Residential Property		277		1,613		2,221		4,111		48,810		52,921		—
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		438		611		1,833		2,882		148,398		151,280		—
Secured by Real Estate		3,162		6,496		1,202		10,860		782,696		793,556		—
Commercial Lines of Credit		—		—		416		416		55,354		55,770		—
SBA Loans		260		472		7,108		7,840		108,352		116,192		—
International Loans		—		—		—		—		28,676		28,676		—
Consumer Loans		126		7		154		287		43,059		43,346		—

Total	$	4,748	$	9,199	$	21,244	$	35,191	$	1,903,549	$	1,938,740	$	—

Information on impaired loans, disaggregated by class of loans


	Recorded Investment		Unpaid Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Related Allowance
	(In Thousands)
June 30, 2012:
Real Estate Loans:
Commercial Property
Retail	$	2,538	$	2,584	$	2,406	$	132	$	122
Land		2,112		2,235		2,112		—		—
Other		874		936		874		—		—
Construction		7,930		8,108		7,930		—		—
Residential Property		3,166		3,206		1,299		1,867		315
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		13,442		14,279		457		12,985		5,153
Secured by Real Estate		18,927		19,930		16,235		2,692		573
Commercial Lines of Credit		1,777		1,929		882		895		475
SBA Loans		7,941		12,231		6,073		1,868		1,023
Consumer Loans		1,401		1,433		1,401		—		—

Total	$	60,108	$	66,871	$	39,669	$	20,439	$	7,661

December 31, 2011:
Real Estate Loans:
Commercial Property
Retail	$	1,260	$	1,260	$	1,100	$	160	$	126
Land		3,178		3,210		—		3,178		360
Other		14,773		14,823		1,131		13,642		3,004
Construction		14,120		14,120		14,120		—		—
Residential Property		5,368		5,408		3,208		2,160		128
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		16,035		16,559		244		15,791		10,793
Secured by Real Estate		53,159		54,156		14,990		38,169		7,062
Commercial Lines of Credit		1,431		1,554		715		716		716
SBA Loans		11,619		12,971		9,445		2,174		1,167
International Loans		—		—		—		—		—
Consumer Loans		746		788		511		235		26

Total	$	121,689	$	124,849	$	45,464	$	76,225	$	23,382

Impaired loans disaggregated by class average recorded investment and interest income recognized


	Average Recorded Investment for the Three Months Ended		Interest Income Recognized for the Three Months Ended		Average Recorded Investment for the Six Months Ended		Interest Income Recognized for the Six Months Ended
	(In Thousands)
June 30, 2012:
Real Estate Loans:
Commercial Property
Retail	$	2,546	$	19	$	1,945	$	48
Land		2,137		45		2,175		91
Other		878		11		1,138		33
Construction		7,983		89		8,090		178
Residential Property		3,177		48		3,259		84
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		13,474		192		14,257		430
Secured by Real Estate		19,021		525		22,756		958
Commercial Lines of Credit		1,788		22		1,835		30
SBA Loans		8,336		286		8,150		483
Consumer Loans		1,402		2		903		10

Total	$	60,742	$	1,239	$	64,508	$	2,345

June 30, 2011:
Real Estate Loans:
Commercial Property
Retail	$	17,260	$	26	$	17,633	$	51
Land		27,561		—		29,023		—
Other		21,849		60		21,864		121
Construction		12,535		—		12,578		—
Residential Property		2,371		—		2,386		—
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		15,365		53		15,571		105
Secured by Real Estate		84,898		456		85,504		821
Commercial Lines of Credit		3,076		2		3,090		4
SBA Loans		18,900		31		19,107		57
International Loans		3,243		—		2,255		—
Consumer Loans		889		1		893		1

Total	$	207,947	$	629	$	209,904	$	1,160

Summary of interest foregone on impaired loans


	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2012			2011			2012			2011
	(In Thousands)
Interest Income That Would Have Been Recognized Had Impaired	$	1,505		$	2,001		$	2,933		$	4,475
Loans Performed in Accordance With Their Original Terms
Less: Interest Income Recognized on Impaired Loans		(1,239	)		(629	)		(2,345	)		(1,160	)

Interest Foregone on Impaired Loans	$	266		$	1,372		$	588		$	3,315

Non-accrual loans, disaggregated by class of loans


	June 30,		December 31,
	2012		2011
	(In Thousands)
Real Estate Loans:
Commercial Property
Retail	$	1,203	$	1,260
Land		2,112		2,362
Other		936		1,199
Construction		7,930		8,310
Residential Property		1,298		2,097
Commercial and Industrial Loans:
Commercial Term Loans
Unsecured		6,953		7,706
Secured by Real Estate		5,826		11,725
Commercial Lines of Credit		1,585		1,431
SBA Loans		15,720		15,479
Consumer Loans		1,580		809

Total	$	45,143	$	52,378

Non-performing Assets


	June 30,		December 31,
	2012		2011
	(In Thousands)
Non-Accrual Loans	$	45,143	$	52,378
Loans 90 Days or More Past Due and Still Accruing		—		—

Total Non-Performing Loans		45,143		52,378
Other Real Estate Owned		1,071		180

Total Non-Performing Assets	$	46,214	$	52,558

Troubled debt restructuring, disaggregated by type of concession and by type of loans


	As of June 30, 2012
	Non-Accrual TDRs										Accrual TDRs
	(In Thousands)
	Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal or Interest		Extension of Maturity		Total		Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal or Interest		Extension of Maturity		Total
Trouble Debt Restructuring:
Real Estate Loans:
Commercial Property
Retail	$	—	$	—	$	—	$	1,202	$	1,202	$	—	$	—	$	—	$	—	$	—
Other		874		—		—		—		874		—		—		—		—		—
Residential Property		843		—		127		—		970		1,295		572		—		—		1,867
Commercial and Industrial Loans:
Commercial Term
Unsecured		—		622		4,686		664		5,972		1,029		—		2,639		2,211		5,879
Secured by Real Estate		1,202		1,436		358		—		2,996		441		—		1,619		6,521		8,581
Commercial Line of Credit		695		—		—		273		968		—		—		192		—		192
SBA		3,131		1,385		1,064		—		5,580		459		34		192		—		685

Total		$6,745	$	3,443	$	6,235	$	2,139	$	18,562	$	3,224	$	606	$	4,642	$	8,732	$	17,204


	As of December 31, 2011
	Non-Accrual TDRs										Accrual TDRs
	(In Thousands)
	Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal or Interest		Extension of Maturity		Total		Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal or Interest		Extension of Maturity		Total
Trouble Debt Restructuring:
Real Estate Loans:
Commercial Property
Retail	$	—	$	—	$	—	$	1,260	$	1,260	$	—	$	—	$	—	$	—	$	—
Other		900		—		—		—		900		1,480		—		—		—		1,480
Residential Property		—		—		138		—		138		2,167		572		—		—		2,739
Commercial and Industrial Loans:
Commercial Term
Unsecured		765		669		4,650		484		6,568		185		—		7,069		1,584		8,838
Secured by Real Estate		1,202		1,523		2,403		3,243		8,371		2,005		—		8,628		2,699		13,332
Commercial Line of Credit		715		—		—		198		913		—		—		—		—		—
SBA		2,758		1,524		794		—		5,076		1,354		468		—		—		1,986

Total	$	6,340	$	3,716	$	7,985	$	5,185	$	23,226	$	7,191	$	1,040	$	15,697	$	4,283	$	28,375

Troubled debt restructurings, disaggregated by class of loans


	For the Three Months Ended
	June 30, 2012						June 30, 2011
	(In Thousands, Except for Number of Loans)
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructuring:
Real Estate Loans:
Commercial Property
Retail		—	$	—	$	—		—	$	—	$	—
Other		—		—		—		1		941		941
Residential Property		—		—		—		1		867		866
Commercial and Industrial Loans:
Commercial Term
Unsecured ⁽¹⁾		10		1,640		1,588		13		5,653		5,454
Secured by Real Estate ⁽²⁾		1		378		358		8		10,190		8,864
Commercial Line of Credit ⁽³⁾		1		196		192		—		—		—
SBA ⁽⁴⁾		4		681		653		6		4,909		4,607

Total		16	$	2,895	$	2,791		29	$	22,560	$	20,732

⁽¹⁾

Includes $893,000 of loan modifications made through deferred principal payments, $300,000 through deferred principal and accrued interest payments, and $394,000 through extensions of maturity.

⁽²⁾

Includes $358,000 of loan modifications made through reductions of principal or accrued interest payments.

⁽³⁾

Includes $192,000 of loan modifications made through reductions of principal or accrued interest payments.

⁽⁴⁾

Includes $373,000 of loan modifications made through deferred principal payments, and $291,000 through reductions of principal or accrued interest payments.


	For the Six Months Ended
	June 30, 2012						June 30, 2011
	(In Thousands, Except for Number of Loans)
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructuring:
Real Estate Loans:
Commercial Property
Retail		—	$	—	$	—		3	$	8,542	$	8,409
Other		—		—		—		2		1,824		1,824
Residential Property		—		—		—		1		867		866
Commercial and Industrial Loans:
Commercial Term
Unsecured ⁽¹⁾		27		4,696		4,426		17		6,039		5,831
Secured by Real Estate ⁽²⁾		3		2,211		2,144		11		15,904		14,578
Commercial Line of Credit ⁽³⁾		1		202		192		—		—		—
SBA ⁽⁴⁾		9		975		934		7		5,008		4,706

Total		40	$	8,084	$	7,696		41	$	38,184	$	36,214

⁽¹⁾

Includes $893,000 of loan modifications made through deferred principal payments, $1.9 million through reductions of principal or accrued interest payment, and $1.6 million through extensions of maturity.

⁽²⁾

Includes $1.6 million of loan modifications made through reductions of principal or accrued interest payments, and $497,000 through extensions of maturity.

⁽³⁾

Includes $192,000 of loan modifications made through reductions of principal or accrued interest payments.

⁽⁴⁾

Includes $503,000 of loan modifications made through deferred principal payments, and $442,000 through reductions of principal or accrued interest payments.

Troubled debt restructurings that defaulted subsequent to the modifications occurring within the previous twelve months, disaggregated by class of loans


	For the Three Months Ended								For the Six Months Ended
	June 30, 2012				June 30, 2011				June 30, 2012				June 30, 2011
	(In Thousands, Except for Number of Loans)								(In Thousands, Except for Number of Loans)
	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
Troubled Debt Restructuring:
Real Estate Loans:
Commercial Property
Retail		—	$	—		—	$	—		—	$	—		—	$	—
Other		—		—		—		—		—		—		—		—
Residential Property		—		—		—		—		—		—		—		—
Commercial and Industrial Loans:
Commercial Term
Unsecured		6		636		5		1,571		7		677		7		1,828
Secured by Real Estate		—		—		3		1,345		—		—		4		5,012
Commercial Line of Credit		1		273		—		—		1		273		—		—
SBA		12		1,042		4		2,658		12		1,042		4		2,658

Total		19	$	1,951		12	$	5,574		20	$	1,992		15	$	9,498

Changes in servicing assets


	June 30, 2012			June 30, 2011
	(In Thousands)
Balance at Beginning of Period	$	3,720		$	2,890
Additions		1,702			—
Amortization		(419	)		(345	)

Balance at End of Period	$	5,003		$	2,545