Hanmi Bank

3660 Wilshire Boulevard, Suite A
Los Angeles, CA 90010
213-382-2200
www.hanmi.com

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Hanmi Bank is headquartered in Los Angeles and is the 21^st largest bank in the state of California. It is also the 258^th largest bank in the nation. It was established in 1982 and as of March of 2012, it had grown to 484 employees at 28 locations. Hanmi Bank has a 4-star health rating.

Installment Saving Account Rate Update (Forum) - 12/30/2010

I was recently in the Garden Grove branch, and these are the December 7th rates on the Installment Savings Account. 100K maximum per customer, and they enforce this restriction. Rates without auto-transer from a Hanmi account are 0.25% lower. With

Diamond Freedom CD - 1.40% 12 Month And 1.80% / 1.90% 24 Month (Forum) - 6/30/2010

Last week, I was in the Garden Grove - Brookhurst branch of Hanmi Bank. They had an in-branch display ad for the Diamond Freedom CD. These CDs are not listed online. The 12 month CD was 1.40%, $ 10K minimum, the 24 month CD was 1.80% / 1.90%

Review of the Largest Banks Offering Reward Checking Accounts - 2/27/2010

While writing the post for yesterday's bank failures , I noticed Umpqua Bank which took over the failed bank Rainier Pacific Bank has a reward checking account. The reason why I found this interestin ...

Losses continue at Hanmi Bank [LA Times] (Forum) - 1/28/2010

From LA Times Money & Company blog: Hanmi Financial Corp., operating under regulators' orders to raise capital for its Koreatown bank, said today it lost $35.9 million during the fourth quarter after setting aside $77 million to cover the mounting los

2009

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Hanmi Bank Checking Account Rates

	Apy	Min	Max	Product
	0.30%	-	-	Bonus Checking

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Hanmi Bank
FDIC Certificate #	24170
BankRate Report	View
Year Established	1982
Employees	484
Primary Regulator	FED
Assets and Liabilities
Assets	$2.77 billion
Loans	$2.07 billion
Deposits	$2.40 billion
Equity Capital	$351.68 million
Loan Loss Allowance	$81.05 million
Unbacked Noncurrent Loans	$54.23 million
Real Estate Owned	$1.26 million
Historic Data - March 2011
Assets	$2.87 billion
Equity Capital	$261.64 million
Loan Loss Allowance	$125.78 million
Unbacked Noncurrent Loans	$133.20 million
Real Estate Owned	$2.64 million
Profit Margin - Quarterly
Net Interest Margin	3.97%
Return on Assets	1.28%
Return on Equity	10.12%
Interest Income	$30.40 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Hanmi Bank had $55.49 million in non-current loans and owned real-estate with $432.73 million in equity and loan loss allowances on hand to cover it. This gives Hanmi Bank a Texas Ratio of 12.82% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Hanmi Bank decreased significantly from 36.89% as of March 31, 2011 to 12.82% as of March 31, 2012, resulting in a positive change of 65.24%.This indicates that the balance sheet and financial strength for Hanmi Bank has improved significantly in recent periods.
Deposit Growth
In the past year, Hanmi Bank has decreased its total deposits by -$42.97 million, resulting in -1.76% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Hanmi Bank has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Hanmi Bank has $2.77 billion in assets with $432.73 million in equity, resulting in a capitalization level of 15.64%, which is excellent.