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

Quarterly report pursuant to Section 13 or 15(d)

Deposits

Deposits

3 Months Ended

Mar. 31, 2020

Note 7 — Deposits

Time deposits at or exceeding the FDIC insurance limit of $250,000 at March 31, 2020 and December 31, 2019 were $313.3 million and $299.9 million, respectively.

The scheduled maturities of time deposits are as follows for the periods indicated:

At March 31, 2020	Time Deposits of $250,000 or More		Other Time Deposits		Total
	(in thousands)
2020	$	245,439	$	783,328	$	1,028,767
2021		67,053		343,970		411,023
2022		—		37,588		37,588
2023		792		1,522		2,315
2024 and thereafter		—		770		770
Total	$	313,285	$	1,167,178	$	1,480,462

At December 31, 2019
2020	$	291,940	$	1,098,666	$	1,390,606
2021		7,186		130,331		137,517
2022		—		25,155		25,155
2023		789		1,185		1,974
2024 and thereafter		—		669		669
Total	$	299,914	$	1,256,005	$	1,555,919

Accrued interest payable on deposits was $9.7 million and $11.2 million at March 31, 2020 and December 31, 2019, respectively. Total deposits reclassified to loans due to overdrafts at March 31, 2020 and December 31, 2019 were $975,000 and $1.5 million, respectively.