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, 2023

Debt Disclosure [Abstract]

Schedule of Borrowings

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


		As of December 31,
		2023								2022
		Outstanding Balance				Weighted Average Rate				Outstanding Balance				Weighted Average Rate
		(dollars in thousands)
Open advances		$	212,500				5.70	%		$	250,000				4.65	%
Advances due within 12 months			37,500				0.40				50,000				0.97
Advances due over 12 months through 24 months			12,500				1.90				37,500				0.40
Advances due over 24 months through 36 months			62,500				4.37				12,500				1.90
Outstanding advances		$	325,000				4.69	%		$	350,000				3.57	%

Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:


		As of December 31,
		2023				2022				2021
		(dollars in thousands)
Weighted-average interest rate at end of year			4.69	%			3.57	%			1.05	%
Weighted-average interest rate during the year			3.48	%			1.52	%			1.17	%
Average balance of FHLB advances		$	197,390			$	148,027			$	145,277
Maximum amount outstanding at any month-end		$	450,000			$	350,000			$	162,500