| Balance Sheets of Parent Company |
Balance Sheets
|
|
|
|
|
|
|
|
|
| |
|
Year Ended
December 31, |
|
| |
|
2013 |
|
|
2012 |
|
| |
|
(In
thousands) |
|
| Assets |
|
|
|
|
|
|
|
|
|
Cash
|
|
$ |
13,657 |
|
|
$ |
24,722 |
|
|
Securities available for sale
|
|
|
— |
|
|
|
296 |
|
|
Investment in consolidated subsidiaries
|
|
|
386,270 |
|
|
|
442,380 |
|
|
Investment in trust preferred securities
|
|
|
— |
|
|
|
2,475 |
|
|
Other assets
|
|
|
1,928 |
|
|
|
330 |
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$ |
401,855 |
|
|
$ |
470,203 |
|
|
|
|
|
|
|
|
|
|
| Liabilities and
Stockholders’ Equity |
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
Junior subordinated debentures
|
|
$ |
— |
|
|
$ |
82,406 |
|
|
Other liabilities
|
|
|
618 |
|
|
|
9,433 |
|
|
Stockholders’ equity
|
|
|
401,237 |
|
|
|
378,364 |
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders’ equity
|
|
$ |
401,855 |
|
|
$ |
470,203 |
|
|
|
|
|
|
|
|
|
|
|
| Statement of Income of Parent Company |
Statement of Income
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended
December 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
2011 |
|
| |
|
(In
thousands) |
|
|
Equity in earnings of subsidiaries
|
|
$ |
42,986 |
|
|
$ |
96,350 |
|
|
$ |
35,654 |
|
|
Other expenses, net
|
|
|
(3,080 |
) |
|
|
(5,976 |
) |
|
|
(7,507 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
39,906 |
|
|
$ |
90,374 |
|
|
$ |
28,147 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Statement of Cash Flows of Parent Company |
Statement of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended
December 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
2011 |
|
| |
|
(In
thousands) |
|
|
Cash Flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
39,906 |
|
|
$ |
90,374 |
|
|
$ |
28,147 |
|
|
Adjustments to reconcile net income to net cash used in operating
activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Income) losses from subsidiaries
|
|
|
(42,986 |
) |
|
|
(96,350 |
) |
|
|
(35,654 |
) |
|
Share-based compensation expense
|
|
|
705 |
|
|
|
478 |
|
|
|
608 |
|
|
Changes in fair value of stock warrants
|
|
|
82 |
|
|
|
23 |
|
|
|
(717 |
) |
|
Gain on sale of investment securities
|
|
|
(218 |
) |
|
|
— |
|
|
|
— |
|
|
Other-than-temporary loss on investment securities
|
|
|
— |
|
|
|
292 |
|
|
|
— |
|
|
Change in decrease in other assets
|
|
|
(923 |
) |
|
|
(330 |
) |
|
|
1,833 |
|
|
Change in other liabilities
|
|
|
(8,897 |
) |
|
|
(1,481 |
) |
|
|
2,664 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in operating activities
|
|
|
(12,331 |
) |
|
|
(6,994 |
) |
|
|
(3,119 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Flows from Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from sale of security available for sale
|
|
|
436 |
|
|
|
— |
|
|
|
— |
|
|
Proceeds from Hanmi Bank
|
|
|
86,845 |
|
|
|
— |
|
|
|
— |
|
|
Payments to Hanmi Bank
|
|
|
— |
|
|
|
— |
|
|
|
(50,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities
|
|
|
87,281 |
|
|
|
—
|
|
|
|
(50,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Flows from Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from exercise of stock options and stock warrants
|
|
|
830 |
|
|
|
10 |
|
|
|
— |
|
|
Net proceeds from issuance of common stock in offering
|
|
|
— |
|
|
|
— |
|
|
|
77,109 |
|
|
Redemption of junior subordinated debentures
|
|
|
(82,406 |
) |
|
|
— |
|
|
|
— |
|
|
Cash dividend paid
|
|
|
(4,439 |
) |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by financing activities
|
|
|
(86,015 |
) |
|
|
10 |
|
|
|
77,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (decrease) increase in cash
|
|
|
(11,065 |
) |
|
|
(6,984 |
) |
|
|
23,990 |
|
|
Cash at beginning of year
|
|
|
24,722 |
|
|
|
31,706 |
|
|
|
7,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash at end of year
|
|
$ |
13,657 |
|
|
$ |
24,722 |
|
|
$ |
31,706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|