Annual report pursuant to Section 13 and 15(d)

Condensed Financial Information of Parent Company (Tables)

v2.4.0.6
Condensed Financial Information of Parent Company (Tables)
12 Months Ended
Dec. 31, 2012
Balance Sheet of Parent Company

Balance Sheets

 

     As of December 31,  
     2012      2011  
     (In Thousands)  

ASSETS

     

Cash

   $ 24,722       $ 31,706   

Securities Available for Sale

     296         595   

Investment in Consolidated Subsidiaries

     442,380         344,129   

Investment in Trust Preferred Securities

     2,475         2,475   

Other Assets

     330           
  

 

 

    

 

 

 

TOTAL ASSET

   $ 470,203       $ 378,905   
  

 

 

    

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

     

Liabilities:

     

Junior Subordinated Debentures

   $ 82,406       $ 82,406   

Other Liabilities

     9,433         10,891   

Stockholders’ Equity

     378,364         285,608   
  

 

 

    

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

   $ 470,203       $ 378,905   
  

 

 

    

 

 

 
Statements of Operations of Parent Company

Statement of Operations

 

     Year Ended December 31,  
     2012     2011     2010  
     (In Thousands)  

Equity in Earnings (Losses) of Subsidiaries

   $ 96,350      $ 35,654      $ (82,705

Other Expenses, Net

     (5,976     (7,507     (5,339

Income Tax Benefit

                   35   
  

 

 

   

 

 

   

 

 

 

NET INCOME (LOSS)

   $ 90,374      $ 28,147      $ (88,009
  

 

 

   

 

 

   

 

 

 
Statements of Cash Flows of Parent Company
Statement of Cash Flows    Year Ended December 31,  
     2012     2011     2010  
     (In Thousands)  

CASH FLOWS FROM OPERATING ACTIVITIES:

      

Net Income (Loss)

   $ 90,374      $ 28,147      $ (88,009

Adjustments to Reconcile Net Income (Loss) to Net Cash Provided

By Operating Activities:

      

(Income) Losses from Subsidiaries

     (96,350     (35,654     82,705   

Share-Based Compensation Expense

     478        608        1,013   

Changes in Fair Value of Stock Warrants

     23        (717     (362

Other-Than-Temporary Loss on Investment Securities

     292                 

(Increase) Decrease in Other Assets

     (330     1,833        (116

(Decrease) Increase in Other Liabilities

     (1,481     2,664        2,706   
  

 

 

   

 

 

   

 

 

 

Net Cash Used In Operating Activities

     (6,994     (3,119     (2,063

CASH FLOWS FROM INVESTING ACTIVITIES:

      

Payments to Hanmi Bank

            (50,000     (110,000
  

 

 

   

 

 

   

 

 

 

Net Cash Used In Investing Activities

            (50,000     (110,000

CASH FLOWS FROM FINANCING ACTIVITIES:

      

Proceeds from Exercise of Stock Options and Stock Warrants

     10               22   

Net Proceeds from Issuance of Common Stock in Offering

            77,109        116,271   
  

 

 

   

 

 

   

 

 

 

Net Cash Provided By Financing Activities

     10        77,109        116,293   
  

 

 

   

 

 

   

 

 

 

NET (DECREASE) INCREASE IN CASH

     (6,984     23,990        4,230   

Cash at Beginning of Year

     31,706        7,716        3,486   
  

 

 

   

 

 

   

 

 

 

CASH AT END OF YEAR

   $ 24,722      $ 31,706      $ 7,716