Annual report pursuant to Section 13 and 15(d)

Condensed Financial Information of Parent Company (Tables)

v3.3.1.900
Condensed Financial Information of Parent Company (Tables)
12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Balance Sheets of Parent Company
 
Year Ended December 31,
 
2015
 
2014
 
(In thousands)
Assets
 
 
 
Cash
$
15,660

 
$
18,688

Investment in consolidated subsidiaries
491,610

 
450,572

Other assets
5,525

 
4,248

Total assets
$
512,795


$
473,508

Liabilities and Stockholders’ Equity
 
 
 
Liabilities:
 
 
 
Subordinated debentures
$
18,703

 
$
18,544

Other liabilities
174

 
1,577

Total liabilities
18,877

 
20,121

Stockholders’ equity
493,918

 
453,387

Total liabilities and stockholders’ equity
$
512,795


$
473,508

Statement of Income of Parent Company
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
Equity in earnings of subsidiaries
$
56,840

 
$
39,576

 
$
42,937

Other income (expenses), net
(3,017
)
 
10,185

 
(3,080
)
Net income
$
53,823


$
49,761


$
39,857

Statement of Cash Flows of Parent Company
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
Cash Flows from Operating Activities:
 
 
 
 
 
Net income
$
53,823

 
$
49,761

 
$
39,857

Adjustments to reconcile net income to net cash used in operating activities:
 
 
 
 
 
(Income) losses from subsidiaries
(56,840
)
 
(39,576
)
 
(42,937
)
Amortization of subordinated debentures
159

 
71

 

Share-based compensation expense
2,241

 
2,165

 
705

Changes in fair value of stock warrants

 

 
82

Bargain purchase gain

 
(14,577
)
 

Gain on sale of securities

 

 
(218
)
Change in other assets
(1,277
)
 
(2,320
)
 
(923
)
Change in other liabilities
(1,403
)
 
15,715

 
(8,897
)
Net cash provided by (used in) operating activities
(3,297
)

11,239


(12,331
)
Cash Flows from Investing Activities:
 
 
 
 
 
Proceeds from sale of security available for sale

 

 
436

Cash acquired in acquisition, net of cash consideration paid

 
116,967

 

Proceeds from Hanmi Bank
12,782

 
76,231

 
86,845

Payments to Hanmi Bank
(349
)
 
(193,179
)
 

Net cash provided by investing activities
12,433


19


87,281

Cash Flows from Financing Activities:
 
 
 
 
 
Proceeds from exercise of stock options and stock warrants
616

 
467

 
830

Redemption of subordinated debentures

 

 
(82,406
)
Cash dividend paid
(12,780
)
 
(6,694
)
 
(4,439
)
Net cash (used in) provided by financing activities
(12,164
)

(6,227
)

(86,015
)
Net increase (decrease) in cash
(3,028
)
 
5,031

 
(11,065
)
Cash at beginning of year
18,688

 
13,657

 
24,722

Cash at end of year
$
15,660


$
18,688


$
13,657