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

Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Note 13 — Accumulated Other Comprehensive Income

Activity in accumulated other comprehensive income for the three months periods ended June 30, 2013 and 2012 was as follows:


	Unrealized Gains and Losses on Available-for- Sale Securities			Unrealized Gains and Losses on Interest Rate Swap			Unrealized Gains and Losses on Interest-Only Strip			Tax (Expense) Benefit			Total
							(In thousands)
For the three months ended June 30, 2013
Balance at beginning of period	$	6,771		$	—		$	19		$	(1,695	)	$	5,095
Other comprehensive (loss) income before reclassification		(5,553	)		—			(2	)		2,397			(3,158	)
Reclassification from accumulated other comprehensive income		(303	)		—			—			—			(303	)

Period change		(5,856	)		—			(2	)		2,397			(3,461	)

Balance at end of period	$	915		$	—		$	17		$	702		$	1,634

For the three months ended June 30, 2012
Balance at beginning of period	$	4,789		$	(9	)	$	23		$	(602	)	$	4,201
Other comprehensive (loss) income before reclassification		(82	)		9			(9	)		300			218
Reclassification from accumulated other comprehensive income		(1,265	)		—			—			—			(1,265	)

Period change		(1,347	)		9			(9	)		300			(1,047	)

Balance at end of period	$	3,442		$	—		$	14		$	(302	)	$	3,154

For the three months ended June 30, 2013, there was a $303,000 reclassification from accumulated other comprehensive income to gains in earnings resulting from the redemption and sale of available-for-sale securities. The $303,000 reclassification adjustment out of accumulated other comprehensive income was included in net gain on sales of investment securities under non-interest income. The securities were previously recorded as unrealized gains of $812,000 in accumulated other comprehensive income.

For the three months ended June 30, 2012, there was a $1.3 million reclassification from accumulated other comprehensive income to gains in earnings, which resulted from the redemption and sale of available-for-sale securities. The $1.3 million reclassification adjustment out of accumulated other comprehensive income was included in net gain on sales of investment securities under non-interest income. The securities were previously recorded as unrealized gains of $1.9 million in accumulated other comprehensive income.

Activity in accumulated other comprehensive income for the six months periods ended June 30, 2013 and 2012 was as follows:


	Unrealized Gains and Losses on Available-for- Sale Securities			Unrealized Gains and Losses on Interest Rate Swap			Unrealized Gains and Losses on Interest-Only Strip			Tax (Expense) Benefit			Total
							(In thousands)
For the six months ended June 30, 2013
Balance at beginning of period	$	7,348		$	—		$	16		$	(1,946	)	$	5,418
Other comprehensive (loss) income before reclassification		(6,121	)		—			1			2,648			(3,472	)
Reclassification from accumulated other comprehensive income		(312	)		—			—			—			(312	)

Period change		(6,433	)		—			1			2,648			(3,784	)

Balance at end of period	$	915		$	—		$	17		$	702		$	1,634

For the six months ended June 30, 2012
Balance at beginning of period	$	4,115		$	(9	)	$	20		$	(602	)	$	3,524
Other comprehensive (loss) income before reclassification		593			9			(6	)		300			896
Reclassification from accumulated other comprehensive income		(1,266	)		—			—			—			(1,266	)

Period change		(673	)		9			(6	)		300			(370	)

Balance at end of period	$	3,442		$	—		$	14		$	(302	)	$	3,154

For the six months ended June 30, 2013, there was a $312,000 reclassification from accumulated other comprehensive income to gains in earnings resulting from the redemption and sale of available-for-sale securities. The $312,000 reclassification adjustment out of accumulated other comprehensive income was included in net gain on sales of investment securities under non-interest income. The securities were previously recorded as unrealized gains of $856,000 in accumulated other comprehensive income.

For the six months ended June 30, 2012, there was a $1.3 million reclassification from accumulated other comprehensive income to gains in earnings, which resulted from the redemption and sale of available-for-sale securities. The $1.3 million reclassification adjustment out of accumulated other comprehensive income was included in net gain on sales of investment securities under non-interest income. The securities were previously recorded as an unrealized gain of $1.7 million in accumulated other comprehensive income.