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

Off-Balance Sheet Commitments (Tables)

3 Months Ended

Mar. 31, 2018

The following table shows the distribution of undisbursed loan commitments as of the dates indicated:



	March 31, 2018		December 31, 2017
	(in thousands)
Commitments to extend credit	$	324,528	$	318,634
Standby letters of credit	22,288		19,294
Commercial letters of credit	11,560		9,308
Total undisbursed loan commitments	$	358,376	$	347,236

Activity in the allowance for loan and lease losses was as follows for the periods indicated:



	As of and for the Three Months Ended
	March 31, 2018			March 31, 2017
	(in thousands)
Allowance for loan and lease losses:
Balance at beginning of period	$	31,043		$	32,429
Charge-offs	(1,632		)	(186		)
Recoveries on loans and leases previously charged off	1,717			989
Net recoveries	85			803
Loan and lease loss provision (income)	649			(80		)
Balance at end of period	$	31,777		$	33,152

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



	Three Months Ended March 31,
	2018		2017
	(in thousands)
Balance at beginning of period	$	1,296	$	1,184
Provision (income)	27		—
Balance at end of period	$	1,323	$	1,184