Hanmi Financial Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

We lease our premises under non-cancelable operating leases. At December 31, 2016, future minimum annual rental commitments under these non-cancelable operating leases, with initial or remaining terms of one year or more, were as follows:



Year Ended December 31,	Amount
	(In thousands)
2017	$	5,954
2018	4,658
2019	3,863
2020	3,317
2021	1,911
Thereafter	2,625
Total	$	22,328

For the years ended December 31, 2016, 2015 and 2014, rental expenses recorded under such leases amounted to $6.6 million, $7.6 million and $6.1 million, respectively.

Litigation

In the normal course of business, we are involved in various legal claims. Management has reviewed all legal claims against us with in-house or outside legal counsel and has taken into consideration the views of such counsel as to the outcome of the claims. In management’s opinion, the final disposition of all such claims will not have a material adverse effect on our financial position or results of operations.