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

Off-Balance Sheet Commitments (Tables)

3 Months Ended

Mar. 31, 2019

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



	March 31, 2019		December 31, 2018
	(in thousands)
Commitments to extend credit	$	270,051	$	325,100
Standby letters of credit	30,597		32,500
Commercial letters of credit	11,920		13,848
Total undisbursed loan commitments	$	312,568	$	371,448

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,
	2019			2018
	(in thousands)
Balance at beginning of period	$	31,974		$	31,043
Loans and leases charged off	(1,107		)	(1,632		)
Recoveries on loans and leases previously charged off	912			1,717
Net (charge-offs) recoveries	(195		)	85
Loan and lease loss provision	1,117			649
Balance at end of period	$	32,896		$	31,777

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



	Three Months Ended March 31,
	2019			2018
	(in thousands)
Balance at beginning of period	$	1,439		$	1,296
(Income) provision	(339		)	27
Balance at end of period	$	1,100		$	1,323