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

Annual report pursuant to Section 13 and 15(d)

Intangible Assets

Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The core deposit intangible ("CDI") of $2.2 million was recognized for the core deposits acquired from CBI merger at August 31, 2014. Company's intangible assets were as follows for the periods indicated:



		December 31, 2015							December 31, 2014
	Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
							(In thousands)
Intangible assets:
Core deposit intangible	10 years	$	2,213	$	(512	)	$	1,701	$	2,213	$	(133	)	$	2,080

Total intangible assets		$	2,213	$	(512	)	$	1,701	$	2,213	$	(133	)	$	2,080

CDI amortization expense for the year ended December 31, 2015 was $379,000 and estimated future amortization expense related to CDI for each of the next five years is as follows:



Year Ending December 31,	Amount
	(In thousands)
2016	$	326
2017	281
2018	241
2019	208
2020	178
Thereafter	467
Total	$	1,701

As of December 31, 2015 and 2014, management was not aware of any circumstances that would indicate impairment of other intangible assets. There was no impairment charges related to other intangible asset recorded through earnings in 2015 or 2014.