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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash flows from operating activities: | ||
| Net income | $ 11,054us-gaap_NetIncomeLoss | $ 10,991us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 5,441us-gaap_DepreciationNonproduction | 1,556us-gaap_DepreciationNonproduction |
| Share-based compensation expense | 528us-gaap_ShareBasedCompensation | 605us-gaap_ShareBasedCompensation |
| Negative provision for credit losses | (1,985)us-gaap_ProvisionForLoanLeaseAndOtherLosses | (3,300)us-gaap_ProvisionForLoanLeaseAndOtherLosses |
| Gain on sales of investment securities | (2,184)us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments | (1,421)us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments |
| Gain on sales of loans | (1,684)us-gaap_GainLossOnSaleOfLoansAndLeases | (547)us-gaap_GainLossOnSaleOfLoansAndLeases |
| Disposition gains on PCI loans | (881)us-gaap_GainLossOnSalesOfConsumerLoans | |
| Loss on sales of other real estate owned | 2us-gaap_GainsLossesOnSalesOfOtherRealEstate | |
| Valuation adjustment on OREO | (215)us-gaap_ImpairmentOfRealEstate | |
| Origination of loans held for sale | (23,108)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale | (6,354)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale |
| Proceeds from sales of SBA loans guaranteed portion | 21,996hafc_ProceedsFromSaleOfSmallBusinessAdministrationLoans | 6,626hafc_ProceedsFromSaleOfSmallBusinessAdministrationLoans |
| Change in accrued interest receivable | 511us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet | (52)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet |
| Change in FDIC loss sharing liability | (1,531)hafc_FdicIndemnificationLiabilityPeriodIncreaseDecrease | |
| Change in bank-owned life insurance | (253)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue | (223)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue |
| Change in prepaid expenses | (1,246)us-gaap_IncreaseDecreaseInPrepaidExpense | (847)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Change in other assets | 989us-gaap_IncreaseDecreaseInOtherOperatingAssets | 7,388us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Change in income tax assets | (6,230)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable | 7,534us-gaap_IncreaseDecreaseInIncomeTaxesReceivable |
| Change in accrued interest payable | 47us-gaap_IncreaseDecreaseInInterestPayableNet | (47)us-gaap_IncreaseDecreaseInInterestPayableNet |
| Change in other liabilities | (6,256)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 1,354us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
| Net cash (used in) provided by operating activities | (5,007)us-gaap_NetCashProvidedByUsedInOperatingActivities | 23,265us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash flows from investing activities: | ||
| Proceeds from matured or called securities available for sale | 34,613us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities | 13,049us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities |
| Proceeds from sales of securities available for sale | 176,848us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 85,234us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities |
| Proceeds from sales of other real estate owned | 4,038us-gaap_ProceedsFromSaleOfOtherRealEstate | 734us-gaap_ProceedsFromSaleOfOtherRealEstate |
| Proceeds from liquidation on bank-owned life insurance | 1,323hafc_ProceedsFromInsuranceSettlementOnBankOwnedLifeInsurance | |
| Change in loans receivable | 13,611us-gaap_PaymentsForProceedsFromLoansAndLeases | (40,728)us-gaap_PaymentsForProceedsFromLoansAndLeases |
| Purchases of securities available for sale | (55,751)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | |
| Purchases of premises and equipment | (903)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (120)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Purchases of loans receivable | (43,979)us-gaap_PaymentsToPurchaseMortgageLoansHeldForSale | |
| Purchases of FRB stock | (1)us-gaap_PaymentsToAcquireFederalReserveStock | |
| Net cash provided by investing activities | 185,550us-gaap_NetCashProvidedByUsedInInvestingActivities | 2,418us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash flows from financing activities: | ||
| Change in deposits | (4,070)us-gaap_IncreaseDecreaseInDeposits | (5,745)us-gaap_IncreaseDecreaseInDeposits |
| Change in short-term FHLB advances | (150,000)us-gaap_IncreaseDecreaseInLoansToFederalHomeLoanBanks | 4,899us-gaap_IncreaseDecreaseInLoansToFederalHomeLoanBanks |
| Redemption of rescinded stock obligation | (783)us-gaap_RepaymentsOfMandatoryRedeemableCapitalSecurities | |
| Proceeds from exercise of stock options | 278us-gaap_ProceedsFromStockOptionsExercised | 190us-gaap_ProceedsFromStockOptionsExercised |
| Cash dividends paid | (2,234)us-gaap_PaymentsOfDividends | |
| Net cash used in financing activities | (156,809)us-gaap_NetCashProvidedByUsedInFinancingActivities | (656)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net increase in cash and cash equivalents | 23,734us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 25,027us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of year | 158,320us-gaap_CashCashEquivalentsAndFederalFundsSold | 179,357us-gaap_CashCashEquivalentsAndFederalFundsSold |
| Cash and cash equivalents at end of period | 182,054us-gaap_CashCashEquivalentsAndFederalFundsSold | 204,384us-gaap_CashCashEquivalentsAndFederalFundsSold |
| Cash paid during the period for: | ||
| Interest | 3,934us-gaap_InterestPaid | 3,316us-gaap_InterestPaid |
| Income taxes | 13,172us-gaap_IncomeTaxesPaidNet | 16us-gaap_IncomeTaxesPaidNet |
| Non-cash activities: | ||
| Transfer of loans receivable to other real estate owned | 627us-gaap_TransferOfOtherRealEstate | |
| Conversion of stock warrants into common stock | 2us-gaap_ConversionOfStockAmountConverted1 | |
| Income tax expense related to items of other comprehensive income | (4,123)us-gaap_OtherComprehensiveIncomeLossTax | (2,807)us-gaap_OtherComprehensiveIncomeLossTax |
| Change in unrealized gain in accumulated other comprehensive income | (12,043)us-gaap_OtherComprehensiveIncomeLossBeforeTax | (8,099)us-gaap_OtherComprehensiveIncomeLossBeforeTax |
| Cash dividends declared | $ (3,513)hafc_CashDividendDeclared | $ (2,225)hafc_CashDividendDeclared |
| X | ||||||||||
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- Definition
Cash dividend declared but not yet paid during the period reported. No definition available.
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- Definition
Fdic indemnification liability period increase decrease. No definition available.
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- Definition
Proceeds from Insurance Settlement on Bank-Owned Life Insurance. No definition available.
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- Definition
Proceeds From Sale Of Small Business Administration Loans No definition available.
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- Details
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| X | ||||||||||
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- Definition
This item represents the difference between the gross realized gains and losses realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of cash and cash equivalents plus Federal Funds Sold. Cash and cash equivalents consist of short term, highly liquid investments that are readily convertible to known amounts of cash and are so near their maturity that they present negligible risk of changes in value due to changes in interest rates -- usually with an original maturity less than 90 days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans and leases that were sold during the reporting period. This element refers to the gain (loss) and not to the cash proceeds of the sales. 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 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 sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount due from borrowers for interest payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for the increase (decrease) in the beginning and end of period deposits balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in Federal Home Loan Bank (FHLBank) loans to another FHLBank. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The change in cash surrender or contract value during the period which adjusted the amount of premiums paid in determining the expense or income recognized under the contract for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. 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 cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. 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 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
Amount before tax, after reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of tax expense (benefit) allocated to other comprehensive income (loss). 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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- Details
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| X | ||||||||||
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- Definition
The aggregate amount of cash outflow for loans purchased and created with the intention to resell them in the near future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow for the increase (decrease) in the beginning and end of period of loan and lease balances which are not originated or purchased specifically for resale. Includes cash payments and proceeds associated with (a) loans held-for-investment, (b) leases held-for-investment, and (c) both. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow to acquire Federal Reserve Bank (FRB) stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow used to purchase loans that are secured with real estate mortgage and are held with the intention to resell in the near future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with maturities (principal being due), prepayments and calls (requests of early payments) on securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale of other real estate not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. 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 cash outflow related to equity securities that embody an unconditional obligation requiring the issuer to redeem the securities by transferring the assets at a specified or determinable date (or dates) that is (or are) initially more than one year (or the normal operating cycle, if longer) from the issuance date, or upon an event that is certain to occur beyond one year (or the normal operating cycle, if longer) from the issuance date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back 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
Value transferred out of real estate owned (REO) in noncash transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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