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

Quarterly report pursuant to Section 13 or 15(d)

Sale of Insurance Subsidiaries and Discontinued Operations (Tables)

Sale of Insurance Subsidiaries and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Summarized Financial Information of Discontinued Operations

Summarized financial information for our discontinued operations related to Chun-Ha and All World are as follows:


	June 30, 2014		December 31, 2013
	(In thousands)
Cash and cash equivalents	$	1,602	$	1,396
Premises and equipment, net		90		79
Other intangible assets, net		1,089		1,171
Other assets		2,855		3,298

Total assets	$	5,636	$	5,944


Income tax payable	$	415	$	1,304
Accrued expenses and other liabilities		1,878		2,171

Total liabilities	$	2,293	$	3,475

Net assets of discontinued operations	$	3,343	$	2,469


	Three Months Ended September 30,		Nine Months Ended September 30,
	2013		2014			2013
			(In thousands)
Noninterest income (loss)	$	112	$	(14	)	$	242
Gain on disposal		—		51			—

Income before taxes	$	112	$	37		$	242
Provision for income taxes		42		481			81

Net income (loss) from discontinued operations	$	70	$	(444	)	$	161

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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