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, 2013

Property Plant And Equipment [Abstract]

Premises and Equipment

Note 4 — Premises and Equipment

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


	As of December 31,
	2013			2012
	(In thousands)
Land	$	6,120		$	6,120
Building and improvements		9,248			9,197
Furniture and equipment		15,654			15,039
Leasehold improvements		10,389			10,320
Software		862			862

		42,273			41,538
Accumulated depreciation and amortization		(28,052	)		(26,388	)

Total premises and equipment, net	$	14,221		$	15,150

Depreciation and amortization expense totaled $1.9 million, $2.1 million and $2.2 million for the years ended December 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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