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

Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Other Intangible Assets

The Company's intangible assets were as follows for the periods indicated:



		December 31, 2018							December 31, 2017
	Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Core deposit intangible	10 years	$	2,213	$	(1,360	)	$	853	$	2,213	$	(1,119	)	$	1,094
Third-party originators intangible	7 years	483		(185		)	298		483		(64		)	419
Goodwill	N/A	11,031		—			11,031		11,031		—			11,031
Total intangible assets		$	13,727	$	(1,545	)	$	12,182	$	13,727	$	(1,183	)	$	12,544

Estimated Future Amortization Expense Related to Other Intangible Assets

Intangible assets amortization expense for the years ended December 31, 2018, 2017 and 2016 was $362,000, $345,000 and $326,000, respectively, and estimated future amortization expense related to the CDI and the third-party originators intangible for each of the next five years is as follows:



Year Ending December 31,	Amount
	(in thousands)
2019	$	309
2020	261
2021	216
2022	171
2023	125
Thereafter	69
Total	$	1,151