| 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 |
|
|