Hanmi Financial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Loans (Tables)

Loans (Tables)

6 Months Ended

Jun. 30, 2014

Loans receivable consisted of the following as of the dates indicated:


	June 30,			December 31,
	2014			2013
	(In thousands)
Real estate loans:
Commercial property ⁽¹⁾
Retail	$	561,654		$	543,619
Hotel/Motel		338,128			322,927
Gas station		283,097			292,557
Other		797,176			731,617
Construction		1,467			—
Residential property		108,561			79,078

Total real estate loans		2,090,083			1,969,798
Commercial and industrial loans:
Commercial term		115,493			124,391
Commercial lines of credit		70,801			71,042
International loans		44,015			36,353

Total commercial and industrial loans		230,309			231,786
Consumer loans		28,843			32,505

Total gross loans		2,349,235			2,234,089
Allowance for loans losses		(51,886	)		(57,555	)
Deferred loan costs		3,461			964

Loans receivable, net	$	2,300,810		$	2,177,498

⁽¹⁾

Includes owner-occupied property loans of $962.7 million and $957.3 million as of June 30, 2014 and December 31, 2013, respectively.

Loans Receivable to Loans Held for Sale

The following table details the information on the sales and reclassifications of loans receivable to loans held for sale by portfolio segment for the three months ended June 30, 2014 and 2013:


	Real Estate			Commercial and Industrial			Consumer		Total
	(In thousands)
June 30, 2014
Balance at beginning of period	$	390		$	—		$	—	$	390
Origination of loans held for sale		8,124			2,091			—		10,215
Sales of loans held for sale		(5,944	)		(815	)		—		(6,759	)
Principal payoffs and amortization		(2	)		(2	)		—		(4	)

Balance at end of period	$	2,568		$	1,274		$	—	$	3,842

June 30, 2013
Balance at beginning of period	$	5,769		$	274		$	—	$	6,043
Origination of loans held for sale		21,752			1,082			—		22,834
Reclassification from loans receivable to loans held for sale		1,066			3,571			—		4,637
Sales of loans held for sale		(25,213	)		(5,743	)		—		(30,956	)
Principal payoffs and amortization		(1	)		(4	)		—		(5	)

Balance at end of period	$	3,373		$	(820	)	$	—	$	2,553

The following table details the information on the sales and reclassifications of loans receivable to loans held for sale by portfolio segment for the six months ended June 30, 2014 and 2013:


	Real Estate			Commercial and Industrial			Consumer		Total
	(In thousands)
June 30, 2014
Balance at beginning of period	$	—		$	—		$	—	$	—
Origination of loans held for sale		14,393			2,176			—		16,569
Sales of loans held for sale		(11,818	)		(899	)		—		(12,717	)
Principal payoffs and amortization		(7	)		(3	)		—		(10	)

Balance at end of period	$	2,568		$	1,274		$	—	$	3,842

June 30, 2013
Balance at beginning of period	$	7,977		$	329		$	—	$	8,306
Origination of loans held for sale		43,092			2,886			—		45,978
Reclassification from loans receivable to loans held for sale		4,439			3,571			—		8,010
Sales of loans held for sale		(52,120	)		(7,601	)		—		(59,721	)
Principal payoffs and amortization		(15	)		(5	)		—		(20	)

Balance at end of period	$	3,373		$	(820	)	$	—	$	2,553

Allowance for Loan Losses and Allowance for Off-Balance Sheet Items

Activity in the allowance for loan losses and allowance for off-balance sheet items was as follows for the periods indicated:


	As of and for the						As of and for the
	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2014			2013			2014			2013
	(In thousands)
Allowance for loan losses:
Balance at beginning of period	$	56,593		$	61,191		$	57,555		$	63,305
Charge-offs		(2,547	)		(3,490	)		(4,151	)		(6,514	)
Recoveries on loans previously charged off		1,741			1,867			5,992			2,581

Net loan (charge-offs) recoveries		(806	)		(1,623	)		1,841			(3,933	)
(Negative provision) provision charged to operating expense		(3,901	)		308			(7,510	)		504

Balance at end of period	$	51,886		$	59,876		$	51,886		$	59,876

Allowance for off-balance sheet items:
Balance at beginning of period	$	1,557		$	1,628		$	1,248		$	1,822
Provision (negative provision) charged to operating expense		35			(308	)		344			(502	)

Balance at end of period	$	1,592		$	1,320		$	1,592		$	1,320

Allowance for Loan Losses by Portfolio Segment

The following table details the information on the allowance for loan losses by portfolio segment for the three months ended June 30, 2014 and 2013:


	Real Estate			Commercial and Industrial			Consumer			Unallocated			Total
	(In thousands)
June 30, 2014
Allowance for loan losses:
Beginning balance	$	44,230		$	10,425		$	633		$	1,305		$	56,593
Charge-offs		(60	)		(2,474	)		(13	)		—			(2,547	)
Recoveries on loans previously charged off		87			1,652			2			—			1,741
(Negative provision) provision		(3,954	)		135			(82	)		—			(3,901	)

Ending balance	$	40,303		$	9,738		$	540		$	1,305		$	51,886

Ending balance: individually evaluated for impairment	$	2,448		$	2,605		$	113		$	—		$	5,166

Ending balance: collectively evaluated for impairment	$	37,855		$	7,133		$	427		$	1,305		$	46,720

Loans receivable:
Ending balance	$	2,090,083		$	230,309		$	28,843		$	—		$	2,349,235

Ending balance: individually evaluated for impairment	$	35,616		$	10,741		$	1,529		$	—		$	47,886

Ending balance: collectively evaluated for impairment	$	2,054,467		$	219,568		$	27,314		$	—		$	2,301,349

June 30, 2013
Allowance for loan losses:
Beginning balance	$	46,328		$	11,064		$	1,795		$	2,004		$	61,191
Charge-offs		(2,289	)		(1,165	)		(36	)		—			(3,490	)
Recoveries on loans previously charged off		1,101			760			6			—			1,867
Provision (negative provision)		1,256			459			119			(1,526	)		308

Ending balance	$	46,396		$	11,118		$	1,884		$	478		$	59,876

Ending balance: individually evaluated for impairment	$	711		$	4,328		$	385		$	—		$	5,424

Ending balance: collectively evaluated for impairment	$	45,685		$	6,790		$	1,499		$	478		$	54,452

Loans receivable:
Ending balance	$	1,964,853		$	187,156		$	35,380		$	—		$	2,187,389

Ending balance: individually evaluated for impairment	$	28,267		$	15,760		$	1,647		$	—		$	45,674

Ending balance: collectively evaluated for impairment	$	1,936,586		$	171,396		$	33,733		$	—		$	2,141,715

The following table details the information on the allowance for loan losses by portfolio segment for the six months ended June 30, 2014 and 2013:


	Real Estate			Commercial and Industrial			Consumer			Unallocated			Total
	(In thousands)
June 30, 2014
Allowance for loan losses:
Beginning balance	$	43,550		$	11,287		$	1,427		$	1,291		$	57,555
Charge-offs		(1,188	)		(2,896	)		(67	)		—			(4,151	)
Recoveries on loans previously charged off		3,005			2,973			14			—			5,992
(Negative provision) provision		(5,064	)		(1,626	)		(834	)		14			(7,510	)

Ending balance	$	40,303		$	9,738		$	540		$	1,305		$	51,886

Ending balance: individually evaluated for impairment	$	2,448		$	2,605		$	113		$	—		$	5,166

Ending balance: collectively evaluated for impairment	$	37,855		$	7,133		$	427		$	1,305		$	46,720

Loans receivable:
Ending balance	$	2,090,083		$	230,309		$	28,843		$	—		$	2,349,235

Ending balance: individually evaluated for impairment	$	35,616		$	10,741		$	1,529		$	—		$	47,886

Ending balance: collectively evaluated for impairment	$	2,054,467		$	219,568		$	27,314		$	—		$	2,301,349

June 30, 2013
Allowance for loan losses:
Beginning balance	$	49,472		$	10,636		$	2,280		$	917		$	63,305
Charge-offs		(3,575	)		(2,740	)		(199	)		—			(6,514	)
Recoveries on loans previously charged off		1,282			1,244			55			—			2,581
(Negative provision) provision		(783	)		1,978			(251	)		(440	)		504

Ending balance	$	46,396		$	11,118		$	1,885		$	477			59,876

Ending balance: individually evaluated for impairment	$	711		$	4,328		$	385		$	—			5,424

Ending balance: collectively evaluated for impairment	$	45,685		$	6,790		$	1,500		$	477			54,452

Loans receivable:
Ending balance	$	1,964,853		$	187,156		$	35,380		$	—			2,187,389

Ending balance: individually evaluated for impairment	$	28,267		$	15,760		$	1,647		$	—			45,674

Ending balance: collectively evaluated for impairment	$	1,936,586		$	171,396		$	33,733		$	—			2,141,715

Credit Quality of Loan Portfolio

As of June 30, 2014 and December 31, 2013, pass/pass-watch (grade 0-4), criticized (grade 5) and classified (grade 6-7) loans, disaggregated by loan class, were as follows:


	Pass/Pass-Watch (Grade 0-4)		Criticized (Grade 5)		Classified (Grade 6-7)		Total Loans
	(In thousands)
June 30, 2014
Real estate loans:
Commercial property
Retail	$	549,750	$	6,625	$	5,279	$	561,654
Hotel/Motel		325,745		7,386		4,997		338,128
Gas station		273,300		1,846		7,951		283,097
Other		773,540		10,903		12,733		797,176
Construction		1,467		—		—		1,467
Residential property		106,801		—		1,760		108,561
Commercial and industrial loans:
Commercial term		103,734		1,953		9,806		115,493
Commercial lines of credit		69,070		—		1,731		70,801
International loans		43,764		251		—		44,015
Consumer loans		26,795		148		1,900		28,843

Total gross loans	$	2,273,966	$	29,112	$	46,157	$	2,349,235

December 31, 2013
Real estate loans:
Commercial property
Retail	$	531,014	$	5,309	$	7,296	$	543,619
Hotel/Motel		308,483		1,796		12,648		322,927
Gas station		279,636		3,104		9,817		292,557
Other		690,481		8,524		32,612		731,617
Residential property		77,422		—		1,656		79,078
Commercial and industrial loans:
Commercial term		107,712		2,007		14,672		124,391
Commercial lines of credit		69,823		—		1,219		71,042
International loans		35,777		576		—		36,353
Consumer loans		30,044		163		2,298		32,505

Total gross loans	$	2,130,392	$	21,479	$	82,218	$	2,234,089

Analysis of Past Due Loans, Disaggregated by Loan Class

The following is an aging analysis of past due loans, disaggregated by loan class, as of the dates indicated:


	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		Accruing 90 Days or More Past Due
	(In thousands)
June 30, 2014
Real estate loans:
Commercial property
Retail	$	820	$	—	$	732	$	1,552	$	560,102	$	561,654	$	—
Hotel/Motel		53		—		2,462		2,515		335,613		338,128		—
Gas station		166		—		3,947		4,113		278,984		283,097		—
Other		356		11		930		1,297		795,879		797,176		—
Construction		—		—		—		—		1,467		1,467		—
Residential property		884		—		113		997		107,564		108,561		—
Commercial and industrial loans:
Commercial term		1,975		587		2,623		5,185		110,308		115,493		—
Commercial lines of credit		140		795		—		935		69,866		70,801		—
International loans		—		—		—		—		44,015		44,015		—
Consumer loans		249		21		46		316		28,527		28,843		—

Total gross loans	$	4,643	$	1,414	$	10,853	$	16,910	$	2,332,325	$	2,349,235	$	—

December 31, 2013
Real estate loans:
Commercial property
Retail	$	202	$	426	$	2,196	$	2,825	$	540,794	$	543,619	$	—
Hotel/Motel		1,087		—		1,532		2,619		320,308		322,927		—
Gas station		141		410		153		704		291,853		292,557		—
Other		423		2,036		839		3,297		728,320		731,617		—
Residential property		—		122		279		401		78,677		79,078		—
Commercial and industrial loans:
Commercial term		1,443		886		3,269		5,598		118,793		124,391		—
Commercial lines of credit		—		150		250		400		70,642		71,042		—
International loans		—		—		—		—		36,353		36,353		—
Consumer loans		311		42		77		430		32,075		32,505		—

Total gross loans	$	3,607	$	4,072	$	8,595	$	16,274	$	2,217,815	$	2,234,089	$	—

Information on Impaired Loans, Disaggregated by Loan Class

The following table provides information on impaired loans, disaggregated by loan class, as of the dates indicated:


	Recorded Investment		Unpaid Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Related Allowance
	(In thousands)
June 30, 2014
Real estate loans:
Commercial property
Retail	$	5,198	$	5,427	$	2,665		2,533	$	403
Hotel/Motel		4,627		5,337		4,166		461		1,500
Gas station		12,400		12,905		11,779		621		238
Other		10,569		11,905		8,475		2,094		307
Residential property		2,822		2,942		2,822		—		—
Commercial and industrial loans:
Commercial term		8,952		9,429		2,400		6,552		2,570
Commercial lines of credit		704		799		521		183		3
International loans		1,085		1,085		450		635		32
Consumer loans		1,529		1,664		622		907		113

Total gross loans	$	47,886	$	51,493	$	33,900	$	13,986	$	5,166

December 31, 2013
Real estate loans:
Commercial property
Retail	$	6,244	$	6,332	$	3,767	$	2,477	$	305
Hotel/Motel		6,200		6,940		4,668		1,532		1,183
Gas station		9,389		9,884		8,592		797		209
Other		11,451		12,882		9,555		1,896		351
Residential property		2,678		2,773		2,678		—		—
Commercial and industrial loans:
Commercial term		13,834		14,308		2,929		10,905		3,806
Commercial lines of credit		614		686		173		441		252
International loans		1,087		1,087		286		801		78
Consumer loans		1,569		1,671		644		925		284

Total gross loans	$	53,066	$	56,563	$	33,292	$	19,774	$	6,468


	Average Recorded Investment for the Three Months Ended		Interest Income Recognized for the Three Months Ended		Average Recorded Investment for the Six Months Ended		Interest Income Recognized for the Six Months Ended
	(In thousands)
June 30, 2014
Real estate loans:
Commercial property
Retail	$	5,286	$	108	$	6,295	$	179
Hotel/Motel		4,712		80		4,121		129
Gas station		12,432		181		10,944		369
Other		10,624		228		11,124		451
Residential property		2,833		30		2,692		57
Commercial and industrial loans:
Commercial term		9,085		140		10,952		317
Commercial lines of credit		713		11		729		25
International loans		1,131		—		1,130		—
Consumer loans		1,535		16		1,547		30

Total gross loans	$	48,351	$	794	$	49,534	$	1,557

June 30, 2013
Real estate loans:
Commercial property
Retail	$	3,098	$	24	$	4,193	$	78
Hotel/Motel		3,944		121		3,940		257
Gas station		8,739		173		8,773		340
Other		9,583		290		9,919		536
Residential property		3,027		31		3,043		59
Commercial and industrial loans:
Commercial term		13,687		263		13,836		501
Commercial lines of credit		1,060		9		1,286		24
International loans		1,330		—		1,414		—
Consumer loans		1,649		15		1,646		27

Total gross loans	$	46,117	$	926	$	48,050	$	1,822

Summary of Interest Foregone on Impaired Loans

The following is a summary of interest foregone on impaired loans for the periods indicated:


	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2014			2013			2014			2013
	(In thousands)
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	$	1,215		$	1,057		$	2,427		$	2,125
Less: Interest income recognized on impaired loans		(794	)		(926	)		(1,557	)		(1,822	)

Interest foregone on impaired loans	$	421		$	131		$	870		$	303

Non-Accrual Loans, Disaggregated by Loan Class

The following table details non-accrual loans, disaggregated by loan class, as of the dates indicated:


	June 30,		December 31,
	2014		2013
	(In thousands)
Real estate loans:
Commercial property
Retail	$	2,802	$	2,946
Hotel/Motel		3,631		5,200
Gas station		5,356		2,492
Other		4,369		4,808
Residential property		1,162		1,365
Commercial and industrial loans:
Commercial term		5,965		7,146
Commercial lines of credit		521		423
Consumer loans		1,575		1,497

Total non-accrual loans	$	25,381	$	25,877

Non-Performing Assets

The following table details non-performing assets as of the dates indicated:


	June 30,		December 31,
	2014		2013
	(In thousands)
Non-accrual loans	$	25,381	$	25,877
Loans 90 days or more past due and still accruing		—		—

Total non-performing loans		25,381		25,877
Other real estate owned		1,714		756

Total non-performing assets	$	27,095	$	26,633

Troubled Debt Restructurings, Disaggregated by Type of Concession and by Loan Type

The following table details troubled debt restructurings, disaggregated by concession type and by loan type, as of June 30, 2014 and December 31, 2013:


	Non-Accrual TDRs										Accrual TDRs
	Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total		Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total
	(In thousands)
June 30, 2014
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	2,614	$	2,614	$	309	$	—	$	—	$	—	$	309
Hotel/Motel		1,200		738		—		—		1,938		996		—		—		—		996
Gas station		1,138		—		—		—		1,138		363		—		—		—		363
Other		—		1,199		494		62		1,755		3,334		—		798		1,380		5,512
Residential property		769		—		—		—		769		—		—		—		313		313
Commercial and industrial loans:
Commercial term		62		4		1,246		902		2,214		129		227		2,169		2,286		4,811
Commercial lines of credit		238		—		140		143		521		—		—		183		—		183
Consumer loans		—		—		139		—		139		—		—		—		—		—

Total	$	3,407	$	1,941	$	2,019	$	3,721	$	11,088	$	5,131	$	227	$	3,150	$	3,979	$	12,487

December 31, 2013
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	750	$	750	$	—	$	—	$	—	$	474	$	474
Hotel/Motel		1,272		758		—		—		2,030		1,000		—		—		—		1,000
Gas station		1,291		—		729		—		2,020		365		—		—		2,609		2,974
Other		403		1,279		555		—		2,237		2,956		—		1,253		2,027		6,236
Residential property		795		—		—		—		795		—		—		—		—		—
Commercial and industrial loans:
Commercial term		25		206		1,449		851		2,531		1,203		—		2,286		3,817		7,306
Commercial lines of credit		—		—		—		173		173		—		—		191		—		191
International loans		—		—		—		—		—		—		—		1,087		—		1,087
Consumer loans		—		—		—		—		—		—		—		149		—		149

Total	$	3,786	$	2,243	$	2,733	$	1,774	$	10,536	$	5,524	$	—	$	4,966	$	8,927	$	19,417

Troubled Debt Restructurings, Disaggregated by Loan Class

The following table details troubled debt restructurings, disaggregated by loan class, for the three months ended June 30, 2014 and 2013:


	June 30, 2014						June 30, 2013
	Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(In thousands, except number of loans)
Real estate loans:
Commercial property
Retail ⁽¹⁾		1	$	2,002	$	1,882		—	$	—	$	—
Other ⁽²⁾		1	$	65	$	62		1	$	148	$	140
Residential property ⁽³⁾		1		316		313		—		—		—
Commercial and industrial loans:
Commercial term ⁽⁴⁾		2		59		53		6		518		498
Commercial lines of credit ⁽⁵⁾		1		146		140		—		—		—
Consumer loans ⁽⁶⁾		—		—		—		1		149		149

Total		6	$	2,588	$	2,450		8	$	815	$	787

⁽¹⁾

Includes a modification of $1.9 million through an extension of maturity for the three months ended June 30, 2014.

⁽²⁾

Includes a modification of $62,000 through an extension of maturity for the three months ended June 30, 2014 and a modification of $140,000 through a reduction of principal or accrued interest for the three months ended June 30, 2013.

⁽³⁾

Includes a modification of $313,000 through an extension of maturity for the three months ended June 30, 2014.

⁽⁴⁾

Includes modifications of $41,000 through a payment deferral and $12,000 through a reduction of principal or accrued interest for the three months ended June 30, 2014, and modifications of $42,000 through a reduction of principal or accrued interest and $456,000 through extensions of maturity for the three months ended June 30, 2013.

⁽⁵⁾

Includes a modification of $140,000 through a reduction of principal or accrued interest for the three months ended June 30, 2014.

⁽⁶⁾

Includes a modification of $149,000 through a reduction of principal or accrued interest for the three months ended June 30, 2013.

The following table details troubled debt restructurings, disaggregated by loan class, for the six months ended June 30, 2014 and 2013:


	June 30, 2014						June 30, 2013
	Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(In thousands, except number of loans)
Real estate loans:
Commercial property
Retail ⁽¹⁾		1	$	2,002	$	1,882		—	$	—	$	—
Other ⁽²⁾		2		1,011		1,005		1		153		140
Residential property ⁽³⁾		1		317		313		—		—		—
Commercial and industrial loans:
Commercial term ⁽⁴⁾		5		327		287		8		772		699
Commercial lines of credit ⁽⁵⁾		2		400		378		—		—		—
International loans ⁽⁶⁾		—		—		—		2		1,584		1,280
Consumer loans ⁽⁷⁾		—		—		—		1		149		149

Total		11	$	4,057	$	3,865		12	$	2,658	$	2,268

⁽¹⁾

Includes a modification of $1.9 million through an extension of maturity for the six months ended June 30, 2014.

⁽²⁾

Includes modifications of $62,000 through an extension of maturity and $943,000 through a payment deferral for the six months ended June 30, 2014, and a modification of $140,000 through a reduction of principal or accrued interest for the six months ended June 30, 2013.

⁽³⁾

Includes a modification of $313,000 through an extension of maturity for the six months ended June 30, 2014.

⁽⁴⁾

Includes modifications of $41,000 through a payment deferral, $65,000 through reductions of principal or accrued interest and $181,000 through an extension of maturity for the six months ended June 30, 2014, and modifications of $7,000 through a payment deferral, $42,000 through a reduction of principal or accrued interests and $650,000 through extensions of maturity for the six months ended June 30, 2013.

⁽⁵⁾

Includes modifications of $140,000 through a reduction of principal or accrued interest and $238,000 through a payment deferral for the six months ended June 30, 2014.

⁽⁶⁾

Includes a modification of $1.3 million through reductions of principal or accrued interest for the six months ended June 30, 2013.

⁽⁷⁾

Includes a modification of $149,000 through a reduction of principal or accrued interest for the six months ended June 30, 2013.

Troubled Debt Restructurings that Defaulted Subsequent to Modifications Occurring Within Previous Twelve Months, Disaggregated by Loan Class

The following table details troubled debt restructurings that defaulted subsequent to the modifications occurring within the previous twelve months, disaggregated by loan class, for the three and six months ended June 30, 2014 and 2013, respectively:


	Three Months Ended								Six Months Ended
	June 30, 2014				June 30, 2013				June 30, 2014				June 30, 2013
	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
	(In thousands, except number of loans)
Real estate loans:
Commercial property
Retail		—	$	—		—	$	—		1	$	309		—	$	—
Hotel/Motel		—		—		—		—		1		996		—		—
Gas station		—		—		—		—		—		—		1		1,274
Other		—		—		1		140		1		364		1		140
Commercial and industrial loans:
Commercial term		2		212		5		341		2		212		5		341
Commercial lines of credit		1		140		—		—		1		140		—		—

Total		3	$	352		6	$	481		6	$	2,021		7	$	1,755

Changes in Servicing Assets

The changes in servicing assets for the six months ended June 30, 2014 and 2013 were as follows:


	Six Months Ended June 30,
	2014			2013
	(In thousands)
Balance at beginning of period	$	6,833		$	5,542
Additions		413			1,580
Amortization		(891	)		(739	)

Balance at end of period	$	6,355		$	6,383