| Balance Sheets of Parent Company |
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2016 |
|
2015 |
|
(In thousands) |
Assets |
|
|
|
Cash |
$ |
3,885 |
|
|
$ |
15,660 |
|
Investment in consolidated subsidiaries |
540,672 |
|
|
491,610 |
|
Other assets |
5,572 |
|
|
5,525 |
|
Total assets |
$ |
550,129 |
|
|
$ |
512,795 |
|
Liabilities and Stockholders’ Equity |
|
|
|
Liabilities: |
|
|
|
Subordinated debentures |
$ |
18,978 |
|
|
$ |
18,703 |
|
Other liabilities |
126 |
|
|
174 |
|
Total liabilities |
19,104 |
|
|
18,877 |
|
Stockholders’ equity |
531,025 |
|
|
493,918 |
|
Total liabilities and stockholders’ equity |
$ |
550,129 |
|
|
$ |
512,795 |
|
|
| Statement of Income of Parent Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2016 |
|
2015 |
|
2014 |
|
(In thousands) |
Equity in earnings of subsidiaries |
$ |
51,141 |
|
|
$ |
56,840 |
|
|
$ |
39,576 |
|
Other income (expenses), net |
5,348 |
|
|
(3,017 |
) |
|
10,185 |
|
Net income |
$ |
56,489 |
|
|
$ |
53,823 |
|
|
$ |
49,761 |
|
|
| Statement of Cash Flows of Parent Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2016 |
|
2015 |
|
2014 |
|
(In thousands) |
Cash Flows from Operating Activities: |
|
|
|
|
|
Net income |
$ |
56,489 |
|
|
$ |
53,823 |
|
|
$ |
49,761 |
|
Adjustments to reconcile net income to net cash used in operating activities: |
|
|
|
|
|
Income from subsidiaries |
(51,141 |
) |
|
(56,840 |
) |
|
(39,576 |
) |
Amortization of subordinated debentures |
275 |
|
|
159 |
|
|
71 |
|
Share-based compensation expense |
3,008 |
|
|
2,241 |
|
|
2,165 |
|
Bargain purchase gain |
— |
|
|
— |
|
|
(14,577 |
) |
Change in other assets |
(47 |
) |
|
(1,277 |
) |
|
(2,320 |
) |
Change in other liabilities |
(48 |
) |
|
(1,403 |
) |
|
15,715 |
|
Net cash provided by (used in) operating activities |
8,536 |
|
|
(3,297 |
) |
|
11,239 |
|
Cash Flows from Investing Activities: |
|
|
|
|
|
Cash paid for repurchases of vested shares due to employee tax liability |
(579 |
) |
|
(349 |
) |
|
— |
|
Cash acquired in acquisition, net of cash consideration paid |
— |
|
|
— |
|
|
116,967 |
|
Proceeds from Hanmi Bank |
— |
|
|
12,782 |
|
|
76,231 |
|
Payments to Hanmi Bank |
— |
|
|
— |
|
|
(193,179 |
) |
Net cash provided by investing activities |
(579 |
) |
|
12,433 |
|
|
19 |
|
Cash Flows from Financing Activities: |
|
|
|
|
|
Proceeds from exercise of stock options and stock warrants |
1,453 |
|
|
616 |
|
|
467 |
|
Cash dividend paid |
(21,185 |
) |
|
(12,780 |
) |
|
(6,694 |
) |
Net cash (used in) provided by financing activities |
(19,732 |
) |
|
(12,164 |
) |
|
(6,227 |
) |
Net increase (decrease) in cash |
(11,775 |
) |
|
(3,028 |
) |
|
5,031 |
|
Cash at beginning of year |
15,660 |
|
|
18,688 |
|
|
13,657 |
|
Cash at end of year |
$ |
3,885 |
|
|
$ |
15,660 |
|
|
$ |
18,688 |
|
|