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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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|
| Interest and Dividend Income: | ||
| Interest and fees on loans | $ 37,250us-gaap_InterestAndFeeIncomeLoansAndLeases | $ 27,329us-gaap_InterestAndFeeIncomeLoansAndLeases |
| Taxable interest on investment securities | 3,854us-gaap_InterestIncomeSecuritiesTaxable | 2,537us-gaap_InterestIncomeSecuritiesTaxable |
| Tax-exempt interest on investment securities | 20us-gaap_InterestIncomeSecuritiesTaxExempt | 76us-gaap_InterestIncomeSecuritiesTaxExempt |
| Interest on interest-bearing deposits in other banks | 48us-gaap_InterestIncomeDepositsWithFinancialInstitutions | 21us-gaap_InterestIncomeDepositsWithFinancialInstitutions |
| Dividends on FRB stock | 184hafc_DividendsOnFederalReserveBankStock | 168hafc_DividendsOnFederalReserveBankStock |
| Dividends on FHLB stock | 298hafc_DividendsOnFederalHomeLoanBankStock | 236hafc_DividendsOnFederalHomeLoanBankStock |
| Total interest and dividend income | 41,654us-gaap_InterestAndDividendIncomeOperating | 30,367us-gaap_InterestAndDividendIncomeOperating |
| Interest Expense: | ||
| Interest on deposits | 3,780us-gaap_InterestExpenseDeposits | 3,221us-gaap_InterestExpenseDeposits |
| Interest on FHLB advances | 56us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm | 48us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm |
| Interest on subordinated debentures | 145us-gaap_InterestExpenseSubordinatedNotesAndDebentures | |
| Total interest expense | 3,981us-gaap_InterestExpense | 3,269us-gaap_InterestExpense |
| Net interest income before provision for credit losses | 37,673us-gaap_InterestIncomeExpenseNet | 27,098us-gaap_InterestIncomeExpenseNet |
| Negative provision for credit losses | (1,985)us-gaap_ProvisionForLoanLeaseAndOtherLosses | (3,300)us-gaap_ProvisionForLoanLeaseAndOtherLosses |
| Net interest income after provision for credit losses | 39,658us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss | 30,398us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss |
| Noninterest Income: | ||
| Service charges on deposit accounts | 3,211us-gaap_FeesAndCommissionsDepositorAccounts | 2,474us-gaap_FeesAndCommissionsDepositorAccounts |
| Remittance fees | 561hafc_RemittanceFees | 438hafc_RemittanceFees |
| Trade finance fees | 281us-gaap_TradingGainsLosses | 252us-gaap_TradingGainsLosses |
| Other service charges and fees | 425us-gaap_FeesAndCommissionsOther | 331us-gaap_FeesAndCommissionsOther |
| Bank-owned life insurance income | 253us-gaap_BankOwnedLifeInsuranceIncome | 223us-gaap_BankOwnedLifeInsuranceIncome |
| Gain on sale of SBA loans | 1,684us-gaap_GainLossOnSalesOfLoansNet | 547us-gaap_GainLossOnSalesOfLoansNet |
| Net gain on sales of investment securities | 2,184us-gaap_GainLossOnSaleOfSecuritiesNet | 1,421us-gaap_GainLossOnSaleOfSecuritiesNet |
| Disposition gains on PCI loans | 881us-gaap_GainLossOnSalesOfConsumerLoans | |
| Other operating income | 1,154us-gaap_NoninterestIncomeOtherOperatingIncome | 528us-gaap_NoninterestIncomeOtherOperatingIncome |
| Total noninterest income | 10,634us-gaap_NoninterestIncome | 6,214us-gaap_NoninterestIncome |
| Noninterest Expense: | ||
| Salaries and employee benefits | 16,384us-gaap_LaborAndRelatedExpense | 10,259us-gaap_LaborAndRelatedExpense |
| Occupancy and equipment | 4,303us-gaap_OccupancyNet | 2,396us-gaap_OccupancyNet |
| Merger and integration costs | 1,611us-gaap_BusinessCombinationIntegrationRelatedCosts | 85us-gaap_BusinessCombinationIntegrationRelatedCosts |
| Deposit insurance premiums and regulatory assessments | 893us-gaap_FederalDepositInsuranceCorporationPremiumExpense | 437us-gaap_FederalDepositInsuranceCorporationPremiumExpense |
| Data processing | 2,132us-gaap_InformationTechnologyAndDataProcessing | 1,158us-gaap_InformationTechnologyAndDataProcessing |
| OREO expense | 417hafc_ForeclosedRealEstateIncomeExpense | 6hafc_ForeclosedRealEstateIncomeExpense |
| Professional fees | 2,341us-gaap_ProfessionalFees | 748us-gaap_ProfessionalFees |
| Directors and officers liability insurance | 176hafc_DirectorsAndOfficersLiabilityInsurance | 191hafc_DirectorsAndOfficersLiabilityInsurance |
| Supplies and communications | 830us-gaap_SuppliesAndPostageExpense | 501us-gaap_SuppliesAndPostageExpense |
| Advertising and promotion | 523us-gaap_MarketingAndAdvertisingExpense | 581us-gaap_MarketingAndAdvertisingExpense |
| Loan-related expense | 669us-gaap_LoanProcessingFee | 83us-gaap_LoanProcessingFee |
| Amortization of other intangible assets | 95us-gaap_AmortizationOfIntangibleAssets | |
| Other operating expenses | 1,330us-gaap_OtherNoninterestExpense | 1,354us-gaap_OtherNoninterestExpense |
| Total noninterest expense | 31,704us-gaap_NoninterestExpense | 17,799us-gaap_NoninterestExpense |
| Income from continuing operations before provision for income taxes | 18,588us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 18,813us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Provision for income taxes | 7,534us-gaap_IncomeTaxExpenseBenefit | 7,844us-gaap_IncomeTaxExpenseBenefit |
| Income from continuing operations, net of taxes | 11,054us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 10,969us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest |
| Discontinued operations: | ||
| Income from operations of discontinued subsidiaries | 37us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax | |
| Income tax expense | 15us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation | |
| Income from discontinued operations | 22us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | |
| Net income | $ 11,054us-gaap_NetIncomeLoss | $ 10,991us-gaap_NetIncomeLoss |
| Basic earnings per share: | ||
| Income from continuing operations, net of taxes | $ 0.35us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 0.35us-gaap_IncomeLossFromContinuingOperationsPerBasicShare |
| Income from discontinued operations, net of taxes | $ 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare | $ 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare |
| Basic earnings per share | $ 0.35us-gaap_EarningsPerShareBasic | $ 0.35us-gaap_EarningsPerShareBasic |
| Diluted earnings per share: | ||
| Income from continuing operations, net of taxes | $ 0.35us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 0.34us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare |
| Income from discontinued operations, net of taxes | $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare | $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare |
| Diluted earnings per share | $ 0.35us-gaap_EarningsPerShareDiluted | $ 0.34us-gaap_EarningsPerShareDiluted |
| Weighted-average shares outstanding: | ||
| Basic | 31,747,299us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 31,659,705us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted | 32,026,723us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 31,934,163us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
The premium paid for directors and officers liability insurance policy. No definition available.
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- Definition
Dividends on federal home loan bank stock. No definition available.
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- Definition
Dividends on federal reserve bank stock. No definition available.
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- Definition
Foreclosed Real Estate Income Expense No definition available.
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- Definition
Remittance fees. No definition available.
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
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| X | ||||||||||
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- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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| X | ||||||||||
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- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from nontransaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended periods of time or which have become dormant; (8) use of automated teller machines or remote service units; (9) checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; (10) issuing stop payment orders; (11) certifying checks; and (12) accumulating or disbursing funds deposited in IRAs or Keogh Plan accounts when not handled by the bank's trust department. This item does not include penalties assessed on the early withdrawal of time deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Fee and commission revenue earned from sources not otherwise specified in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net gain (loss) realized from the sale, exchange, redemption, or retirement of securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The gains (losses) included in earning that represent the difference between the sale price and the carrying value of consumer loans. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Aggregate amount of interest expense on all deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest expense incurred during the reporting period on short-term borrowings associated with Federal Home Loan Bank and Federal Reserve Bank advances. No definition available.
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| X | ||||||||||
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- Definition
Interest expense incurred during the reporting period on subordinated notes and debentures. Includes amortization of expenses incurred in the issuance of subordinated notes and debentures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expenses paid for obtaining loans which includes expenses such as application and origination fees. No definition available.
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| X | ||||||||||
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- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Represents other forms of revenue earned, excluding interest, which is not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other noninterest expenses that are not separately presented in any other noninterest expense category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of expenses directly related to the supplies and postage. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) resulting from the difference between the acquisition price and the selling price or fair value of trading assets and trading liabilities, conducted separately from customer trading activities. Includes, but is not limited to, changes in fair value of trading assets and trading liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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