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Basis of Presentation
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6 Months Ended |
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Jun. 30, 2011
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| Basis of Presentation [Abstract] | |
| BASIS OF PRESENTATION |
NOTE 1 — BASIS OF PRESENTATION
Hanmi Financial Corporation (“Hanmi Financial,” “we” or “us”) is a Delaware corporation and is
subject to the Bank Holding Company Act of 1956, as amended. Our primary subsidiary is Hanmi Bank
(the “Bank”), a California state chartered bank. Our other subsidiaries are Chun-Ha Insurance
Services, Inc. (“Chun-Ha”) and All World Insurance Services, Inc. (“All World”).
In the opinion of management, the accompanying unaudited consolidated financial statements of
Hanmi Financial Corporation and Subsidiaries reflect all adjustments of a normal and recurring
nature that are necessary for a fair presentation of the results for the interim period ended June
30, 2011, but are not necessarily indicative of the results that will be reported for the entire
year. Certain information and footnote disclosures normally included in annual financial statements
prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been
condensed or omitted. In the opinion of management, the aforementioned unaudited consolidated
financial statements are in conformity with GAAP. Such interim financial statements have been
prepared in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of
the Securities and Exchange Commission (the “SEC”). The interim information should be read in
conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2010 (the
“2010 Annual Report on Form 10-K”).
The preparation of interim consolidated financial statements in conformity with GAAP requires
management to make estimates and assumptions that affect the reported amounts of assets and
liabilities, the disclosure of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of revenues and expenses during the reporting period. Actual
results could differ from those estimates.
Descriptions of our significant accounting policies are included in “Note 2 — Summary of
Significant Accounting Policies” in our 2010 Annual Report on Form 10-K.
Certain reclassifications were made to the prior period’s presentation to conform to the
current period’s presentation.
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