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

Off-Balance Sheet Commitments (Tables)

6 Months Ended

Jun. 30, 2023

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


	June 30,		December 31,
	2023		2022
	(in thousands)
Unused commitments to extend credit	$	791,818	$	780,543
Standby letters of credit		75,745		71,829
Commercial letters of credit		25,941		19,945
Total commitments	$	893,504	$	872,317

Activity in the allowance for credit losses related to off-balance sheet items was as follows for the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
	(in thousands)
Balance at beginning of period	$	3,066		$	2,358		$	3,114		$	2,586
Provision expense (recovery) for credit losses		(591	)		(45	)		(639	)		(273	)
Balance at end of period	$	2,475		$	2,313		$	2,475		$	2,313