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

Annual report pursuant to Section 13 and 15(d)

Borrowings (Tables)

Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Borrowings

The following is a summary of contractual maturities of FHLB advances:

		As of December 31,
		2020								2019
		Outstanding Balance				Weighted Average Rate				Outstanding Balance				Weighted Average Rate
		(dollars in thousands)
Overnight advances		$	—				0.00	%		$	15,000				1.66	%
Advances due within 12 months			50,000				1.61	%			25,000				1.75	%
Advances due over 12 months through 24 months			50,000				1.62	%			25,000				1.66	%
Advances due over 24 months through 36 months			50,000				0.97	%			25,000				1.72	%
Outstanding advances		$	150,000				1.40	%		$	90,000				1.70	%

Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:

		As of December 31,
		2020				2019				2018
		(dollars in thousands)
Weighted-average interest rate at end of year			1.40	%			1.70	%			2.56	%
Weighted-average interest rate during the year			1.42	%			1.89	%			1.94	%
Average balance of FHLB advances		$	156,601			$	40,374			$	174,452
Maximum amount outstanding at any month-end		$	300,000			$	285,000			$	300,000