10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended June 30, 2013

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period From                      To                     

Commission File Number: 000-30421

HANMI FINANCIAL CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Delaware	95-4788120
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
3660 Wilshire Boulevard, Penthouse Suite A Los Angeles, California	90010
(Address of Principal Executive Offices)	(Zip Code)

(213) 382-2200

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name, Former Address and Former Fiscal Year, If Changed Since Last Report)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer	¨	Accelerated Filer	x
Non-Accelerated Filer	¨  (Do Not Check if a Smaller Reporting Company)	Smaller Reporting Company	¨

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ¨    No  x

As of July 31, 2013, there were 31,607,087 outstanding shares of the Registrant’s Common Stock.

Hanmi Financial Corporation and Subsidiaries

Quarterly Report on Form 10-Q

Three and Six Months Ended June 30, 2013

Table of Contents

	Part 1 – Financial Information
Item 1.	Financial Statements	3
	Consolidated Balance Sheets (Unaudited)	3
	Consolidated Statements of Operations (Unaudited)	4
	Consolidated Statements of Comprehensive Income (Unaudited)	5
	Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)	6
	Consolidated Statements of Cash Flows (Unaudited)	7
	Notes to Consolidated Financial Statements (Unaudited)	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	37
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	63
Item 4.	Controls and Procedures	63
	Part II – Other Information
Item 1.	Legal Proceedings	64
Item 1A.	Risk Factors	64
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	64
Item 3.	Defaults Upon Senior Securities	64
Item 4.	Mine Safety Disclosures	64
Item 5.	Other Information	64
Item 6.	Exhibits	64
Signatures		66

2

Part I — Financial Information

Item 1. Financial Statements

Hanmi Financial Corporation and Subsidiaries

Consolidated Balance Sheets (Unaudited)

(In thousands, except share data)

	June 30,			December 31,
	2013			2012
Assets
Cash and due from banks	$	72,429		$	92,350
Interest-bearing deposits in other banks		5,431			175,697
Cash and cash equivalents		77,860			268,047
Restricted cash		—			5,350
Securities available-for-sale, at fair value (amortized cost of $399,900 as of June 30, 2013 and $443,712 as of December 31, 2012)		400,815			451,060
Loans held for sale, at the lower of cost or fair value		2,553			8,306
Loans receivable, net of allowance for loan losses of $59,876 as of June 30, 2013 and $63,305 as of December 31, 2012		2,128,208			1,986,051
Accrued interest receivable		7,441			7,581
Premises and equipment, net		14,463			15,150
Other real estate owned, net		900			774
Customers’ liability on acceptances		1,372			1,336
Servicing assets		6,383			5,542
Other intangible assets, net		1,253			1,335
Investment in federal home loan bank stock, at cost		14,197			17,800
Investment in federal reserve bank stock, at cost		13,200			12,222
Income tax assets		63,783			60,028
Bank-owned life insurance		29,517			29,054
Prepaid expenses		2,572			2,084
Other assets		8,897			10,800
Total assets	$	2,773,414		$	2,882,520
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Noninterest-bearing	$	736,470		$	720,931
Interest-bearing		1,625,443			1,675,032
Total deposits		2,361,913			2,395,963
Accrued interest payable		2,570			11,775
Bank’s liability on acceptances		1,372			1,336
Federal home loan bank advances		2,743			2,935
Junior subordinated debentures		—			82,406
Accrued expenses and other liabilities		9,420			9,741
Total liabilities		2,378,018			2,504,156
Stockholders’ equity:
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 32,182,731 shares (31,604,837 shares outstanding) and 32,074,434 shares (31,496,540 shares outstanding) as of June 30, 2013 and December 31, 2012		257			257
Additional paid-in capital		551,286			550,123
Unearned compensation		(33	)		(57	)
Accumulated other comprehensive income, net of tax (benefit) expense of ($702) as of June 30, 2013 and $1,946 as of December 31, 2012		1,634			5,418
Accumulated deficit		(87,890	)		(107,519	)
Less: treasury stock, at cost; 577,894 shares as of June 30, 2013 and December 31, 2012		(69,858	)		(69,858	)
Total stockholders’ equity		395,396			378,364
Total liabilities and stockholders’ equity	$	2,773,414		$	2,882,520

See Accompanying Notes to Consolidated Financial Statements (Unaudited)

3

Hanmi Financial Corporation and Subsidiaries

Consolidated Statements of Operations (Unaudited)

(In thousands, except share and per share data)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Interest and Dividend Income:
Interest and fees on loans	$	27,839		$	27,241		$	54,638		$	54,783
Taxable interest on investment securities		2,100			2,190			4,216			4,288
Tax-exempt interest on investment securities		73			99			168			201
Interest on term federal funds sold		—			168			—			493
Interest on federal funds sold		—			31			6			33
Interest on interest-bearing deposits in other banks		24			59			112			127
Dividends on federal reserve bank stock		196			148			379			276
Dividends on federal home loan bank stock		147			29			255			58
Total interest and dividend income		30,379			29,965			59,774			60,259
Interest Expense:
Interest on deposits		3,100			3,953			6,259			8,872
Interest on federal home loan bank advances		41			43			79			86
Interest on junior subordinated debentures		84			797			678			1,596
Total interest expense		3,225			4,793			7,016			10,554
Net interest income before provision for credit losses		27,154			25,172			52,758			49,705
Provision for credit losses		—			4,000			—			6,000
Net interest income after provision for credit losses		27,154			21,172			52,758			43,705
Non-Interest Income:
Service charges on deposit accounts		2,884			2,936			5,932			6,104
Insurance commissions		1,418			1,294			2,631			2,530
Remittance fees		541			487			1,038			941
Trade finance fees		276			292			553			584
Other service charges and fees		335			380			733			744
Bank-owned life insurance income		233			238			463			637
Gain on sales of SBA loans guaranteed portion		2,378			5,473			5,070			5,473
Net loss on sales of other loans		(460	)		(5,326	)		(557	)		(7,719	)
Net gain on sales of investment securities		303			1,381			312			1,382
Other-than-temporary impairment loss on investment securities		—			(116	)		—			(116	)
Other operating income		242			150			332			262
Total non-interest income		8,150			7,189			16,507			10,822
Non-Interest Expense:
Salaries and employee benefits		9,415			9,449			18,766			18,559
Occupancy and equipment		2,555			2,621			5,111			5,216
Deposit insurance premiums and regulatory assessments		517			1,498			751			2,899
Data processing		1,142			1,298			2,312			2,551
Other real estate owned expense		(20	)		69			12			25
Professional fees		2,365			1,089			4,521			1,838
Directors and officers liability insurance		219			295			439			592
Supplies and communications		630			576			1,125			1,134
Advertising and promotion		1,005			1,009			1,677			1,610
Loan-related expense		91			88			237			288
Amortization of other intangible assets		41			45			82			116
Other operating expenses		2,004			1,726			4,098			3,681
Total non-interest expense		19,964			19,763			39,131			38,509
Income before provision (benefit) for income taxes		15,340			8,598			30,134			16,018
Provision (benefit) for income taxes		5,821			(47,177	)		10,505			(47,098	)
Net income	$	9,519		$	55,775		$	19,629		$	63,116
Earnings per share:
Basic	$	0.30		$	1.77		$	0.62		$	2.01
Diluted	$	0.30		$	1.77		$	0.62		$	2.00
Weighted-average shares outstanding:
Basic		31,590,760			31,475,610			31,565,013			31,473,065
Diluted		31,655,988			31,499,803			31,633,535			31,489,943

See Accompanying Notes to Consolidated Financial Statements (Unaudited)

4

Hanmi Financial Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income (Unaudited)

(In thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Net Income	$	9,519		$	55,775		$	19,629		$	63,116
Other comprehensive income (loss), net of tax
Unrealized (loss) gain on securities
Unrealized holding (loss) gain arising during period		(5,553	)		214			(6,121	)		888
Less: reclassification adjustment for gain included in net income		(303	)		(1,266	)		(312	)		(1,266	)
Unrealized gain on interest rate swap		—			8			—			9
Unrealized gain on interest-only strip of servicing assets		(2	)		(3	)		1			(1	)
Income tax benefit related to items of other comprehensive income		2,397			—			2,648			—
Other comprehensive loss		(3,461	)		(1,047	)		(3,784	)		(370	)
Comprehensive Income	$	6,058		$	54,728		$	15,845		$	62,746

See Accompanying Notes to Consolidated Financial Statements (Unaudited)

5

Hanmi Financial Corporation and Subsidiaries

Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)

(In thousands, except share data)

	Common Stock - Number of Shares							Stockholders’ Equity
	Gross					Net										Accumulated
	Shares					Shares				Additional						Other			Retained			Treasury			Total
	Issued and		Treasury			Issued and		Common		Paid-in			Unearned			Comprehensive			Earnings			Stock,			Stockholders’
	Outstanding		Shares			Outstanding		Stock		Capital			Compensation			Income (Loss)			(Deficit)			at Cost			Equity
Balance at January 1, 2012		32,066,987		(577,786	)		31,489,201	$	257	$	549,744		$	(166	)	$	3,524		$	(197,893	)	$	(69,858	)	$	285,608
Share-based compensation expense		—		—			—		—		77			25			—			—			—			102
Restricted stock awards		—		—			—		—		(25	)		25			—			—			—			—
Comprehensive income:
Net income		—		—			—		—		—			—			—			63,116			—			63,116
Change in unrealized gain on securities Available-for-sale and interest-only strips, net of income taxes		—		—			—		—		—			—			(370	)		—			—			(370	)
Total comprehensive income																										62,746
Balance at June 30, 2012		32,066,987		(577,786	)		31,489,201	$	257	$	549,796		$	(116	)	$	3,154		$	(134,777	)	$	(69,858	)	$	348,456
Balance at January 1, 2013		32,074,434		(577,894	)		31,496,540	$	257	$	550,123		$	(57	)	$	5,418		$	(107,519	)	$	(69,858	)	$	378,364
Share-based compensation expense		—		—			—		—		165			24			—			—			—			189
Exercises of stock options		2,241		—			2,241		—		(291	)		—			—			—			—			(291	)
Exercises of stock warrants		106,056		—			106,056		—		1,289			—			—			—			—			1,289
Comprehensive income:
Net income		—		—			—		—		—			—			—			19,629			—			19,629
Change in unrealized gain on securities Available-for-sale and interest-only strips, net of income taxes		—		—			—		—		—			—			(3,784	)		—			—			(3,784	)
Total comprehensive income																										15,845
Balance at June 30, 2013		32,182,731		(577,894	)		31,604,837	$	257	$	551,286		$	(33	)	$	1,634		$	(87,890	)	$	(69,858	)	$	395,396

See Accompanying Notes to Consolidated Financial Statements (Unaudited)

6

Hanmi Financial Corporation and Subsidiaries

Consolidated Statements of Cash Flows (Unaudited)

(In thousands)

	Six Months Ended
	June 30,
	2013			2012
Cash flows from operating activities:
Net income	$	19,629		$	63,116
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment		997			1,087
Amortization of premiums and accretion of discounts on investment securities, net		1,443			2,005
Amortization of other intangible assets		82			116
Amortization of servicing assets		739			419
Share-based compensation expense		189			102
Provision for credit losses		—			6,000
Other-than-temporary loss on investment securities		—			116
FRB and FHLB stock dividends		—			334
Net gain on sales of investment securities		(312	)		(1,382	)
Net (gain) loss on sales of loans		(4,513	)		465
Loss on investment in affordable housing partnership		378			440
Gain on bank-owned life insurance settlement		—			(163	)
Valuation adjustment on other real estate owned		7			57
Valuation adjustment for loans held for sale		—			1,781
Origination of loans held for sale		(45,978	)		(60,589	)
Proceeds from sales of SBA loans guaranteed portion		60,562			72,223
Change in restricted cash		5,350			(2,001	)
Change in accrued interest receivable		140			661
Change in cash surrender value of bank-owned life insurance		(463	)		(473	)
Change in prepaid expenses		(488	)		(1,128	)
Change in other assets		1,489			(7,909	)
Change in income tax assets		(1,425	)		(52,063	)
Change in accrued interest payable		(9,205	)		(1,150	)
Change in stock warrants payable		82			137
Change in other liabilities		1,239			882
Net cash provided by operating activities		29,942			23,083
Cash flows from investing activities:
Proceeds from matured term federal funds		—			160,000
Proceeds from redemption of federal home loan bank and federal reserve bank stock		3,603			2,109
Proceeds from matured or called securities available-for-sale		40,247			71,339
Proceeds from sales of securities available-for-sale		24,764			88,538
Proceeds from matured or called securities held to maturity		—			6,338
Proceeds from sales of other real estate owned		548			—
Proceeds from sales of loans held for sale		5,380			65,470
Proceeds from insurance settlement on bank-owned life insurance		—			344
Purchases of term federal fund		—			(155,000	)
Change in loans receivable		(154,739	)		(16,160	)
Purchases of securities available-for-sale		(22,329	)		(98,311	)
Purchases of premises and equipment		(310	)		(396	)
Purchases of loans receivable		—			(82,669	)
Purchases of federal reserve bank stock		(978	)		(1,979	)
Net cash (used in) provided by investing activities		(103,814	)		39,623
Cash flows from financing activities:
Change in deposits		(34,050	)		40,197
Repayment of long-term federal home loan bank advances		(192	)		(181	)
Redemption of junior subordinated debentures		(82,406	)		—
Proceeds from exercise of stock options		28			—
Proceeds from exercise of stock warrants		305			—
Net cash (used in) provided by financing activities		(116,315	)		40,016
Net (decrease) increase in cash and cash equivalents		(190,187	)		102,722
Cash and cash equivalents at beginning of year		268,047			201,683
Cash and cash equivalents at end of period	$	77,860		$	304,405

7

Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest paid	$	12,430	$	11,704
Income taxes paid	$	11,910	$	4,912
Non-cash activities:
Transfer of loans receivable to other real estate owned	$	800	$	948
Transfer of loans receivable to loans held for sale	$	8,010	$	64,471
Transfer of loans held for sale to loans receivable	$	—	$	1,779
Conversion of stock warrants into common stock	$	983	$	—
Income tax benefit related to items of other comprehensive income	$	2,648	$	—
Change in unrealized loss in accumulated other comprehensive income	$	6,120	$	—

See Accompanying Notes to Consolidated Financial Statements (Unaudited)

8

Hanmi Financial Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Three and Six Months Ended June 30, 2013 and 2012

Note 1 — Basis of Presentation

Hanmi Financial Corporation (“Hanmi Financial,” the “Company,” “we” or “us”) is a Delaware corporation and is subject to the Bank Holding Company Act of 1956, as amended. Our primary subsidiary is Hanmi Bank (the “Bank”), a California state chartered bank. Our other subsidiaries are Chun-Ha Insurance Services, Inc., a California corporation (“Chun-Ha”), and All World Insurance Services, Inc., a California corporation (“All World”).

In management’s opinion, the accompanying unaudited consolidated financial statements of Hanmi Financial Corporation and Subsidiaries reflect all adjustments of a normal and recurring nature that are necessary for a fair presentation of the results for the interim period ended June 30, 2013, but are not necessarily indicative of the results that will be reported for the entire year or any other interim period. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted. The aforementioned unaudited consolidated financial statements are in conformity with GAAP. Such interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission. The interim information should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (the “2012 Annual Report on Form 10-K”).

The preparation of interim consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Descriptions of our significant accounting policies are included in “Note 2 — Summary of Significant Accounting Policies” in our 2012 Annual Report on Form 10-K.

Note 2 — Investment Securities

The following is a summary of investment securities available-for-sale:

	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value
	(In thousands)
June 30, 2013:
Mortgage-backed securities (1)	$	125,177	$	1,312	$	1,871	$	124,618
Collateralized mortgage obligations (1)		83,955		1,414		521		84,848
U.S. government agency securities		98,853		18		1,267		97,604
Municipal bonds-tax exempt		10,166		485		—		10,651
Municipal bonds-taxable		44,053		1,679		186		45,546
Corporate bonds		20,475		176		276		20,375
SBA loan pool securities		13,842		—		341		13,501
Other securities		3,025		1		93		2,933
Equity securities		354		385		—		739
Total securities available-for-sale	$	399,900	$	5,470	$	4,555	$	400,815
December 31, 2012:
Mortgage-backed securities (1)	$	157,185	$	3,327	$	186	$	160,326
Collateralized mortgage obligations (1)		98,821		1,775		109		100,487
U.S. government agency securities		92,990		222		94		93,118
Municipal bonds-tax exempt		12,209		603		—		12,812
Municipal bonds-taxable		44,248		2,029		135		46,142
Corporate bonds		20,470		176		246		20,400
SBA loan pool securities		14,104		4		82		14,026
Other securities		3,331		73		47		3,357
Equity securities		354		78		40		392
Total securities available-for-sale	$	443,712	$	8,287	$	939	$	451,060

(1) Collateralized by residential mortgages and guaranteed by U.S. government sponsored entities

9

The amortized cost and estimated fair value of investment securities at June 30, 2013, by contractual maturity, are shown below. Although mortgage-backed securities and collateralized mortgage obligations have contractual maturities through 2042, expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Available-for-Sale
	Amortized		Estimated
	Cost		Fair Value
	(In thousands)
Within one year	$	—	$	—
Over one year through five years		29,404		29,406
Over five years through ten years		111,880		111,811
Over ten years		49,130		49,393
Mortgage-backed securities		125,177		124,618
Collateralized mortgage obligations		83,955		84,848
Equity securities		354		739
Total	$	399,900	$	400,815

FASB ASC 320, “Investments – Debt and Equity Securities,” requires us to periodically evaluate our investments for other-than-temporary impairment (“OTTI”). There was no OTTI charge during the six months ended June 30, 2013.

Gross unrealized losses on investment securities available-for-sale, the estimated fair value of the related securities and the number of securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows as of June 30, 2013 and December 31, 2012:

	Holding Period
	Less Than 12 Months						12 Months or More						Total
	Gross		Estimated		Number		Gross		Estimated		Number		Gross		Estimated		Number
	Unrealized		Fair		of		Unrealized		Fair		of		Unrealized		Fair		of
	Loss		Value		Securities		Loss		Value		Securities		Loss		Value		Securities
	(In thousands, except number of securities)
June 30, 2013:
Mortgage-backed securities	$	1,871	$	79,024		26	$	—	$	—		—	$	1,871	$	79,024		26
Collateralized mortgage obligations		521		25,134		10		—		—		—		521		25,134		10
U.S. government agency securities		1,267		89,068		31		—		—		—		1,267		89,068		31
Municipal bonds-taxable		183		7,485		6		3		444		1		186		7,929		7
Corporate bonds		108		4,880		1		168		10,819		3		276		15,699		4
SBA loan pool securities		341		13,501		4		—		—		—		341		13,501		4
Other securities		10		2,016		4		83		918		1		93		2,934		5
Total	$	4,301	$	221,108		82	$	254	$	12,181		5	$	4,555	$	233,289		87
December 31, 2012:
Mortgage-backed securities	$	186	$	28,354		10	$	—	$	—		—	$	186	$	28,354		10
Collateralized mortgage obligations		109		14,344		5		—		—		—		109		14,344		5
U.S. government agency securities		94		26,894		9		—		—		—		94		26,894		9
Municipal bonds-taxable		126		4,587		4		9		1,964		3		135		6,551		7
Corporate bonds		—		—		—		246		10,738		3		246		10,738		3
SBA loan pool securities		82		11,004		3		—		—		—		82		11,004		3
Other securities		1		12		1		46		953		1		47		965		2
Equity securities		40		96		1		—		—		—		40		96		1
Total	$	638	$	85,291		33	$	301	$	13,655		7	$	939	$	98,946		40

All individual securities that have been in a continuous unrealized loss position for 12 months or longer as of June 30, 2013 and December 31, 2012 had investment grade ratings upon purchase. The issuers of these securities have not established any cause for default on these securities and the various rating agencies have reaffirmed these securities’ long-term investment grade status as of June 30, 2013. These securities have fluctuated in value since their purchase dates as market interest rates have fluctuated.

FASB ASC 320 requires other-than-temporarily impaired investment securities to be written down when fair value is below amortized cost in circumstances where: (1) an entity has the intent to sell a security; (2) it is more likely than not that an entity will be required to sell the security before recovery of its amortized cost basis; or (3) an entity does not expect to recover the entire amortized cost basis of the security. If an entity intends to sell a security or if it is more likely than not the entity will be required to sell the security before recovery, an OTTI write-down is recognized in earnings equal to the entire difference between the security’s amortized cost basis and its fair value. If an entity does not intend to sell the security or it is not more likely than not that it will be required to sell the security before recovery, the OTTI write-down is separated into an amount representing credit loss, which is recognized in earnings, and the amount related to all other factors, which is recognized in other comprehensive income.

10

The Company does not intend to sell these securities and it is not more likely than not that we will be required to sell the investments before the recovery of its amortized cost basis. In addition, the unrealized losses on municipal and corporate bonds are not considered other-than-temporarily impaired as the bonds are rated investment grade and there are no credit quality concerns with the issuers. Interest payments have been made as scheduled, and management believes this will continue in the future and that the bonds will be repaid in full as scheduled. Therefore, in management’s opinion, all securities that have been in a continuous unrealized loss position for the past 12 months or longer as of June 30, 2013 and December 31, 2012 were not other-than-temporarily impaired, and therefore, no impairment charges as of June 30, 2013 and December 31, 2012 were warranted.

Realized gains and losses on sales of investment securities, proceeds from sales of investment securities and the tax expense on sales of investment securities were as follows for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(In thousands)
Gross realized gains on sales of investment securities	$	304		$	1,431		$	313		$	1,432
Gross realized losses on sales of investment securities		(1	)		(50	)		(1	)		(50	)
Net realized gains on sales of investment securities	$	303		$	1,381		$	312		$	1,382
Proceeds from sales of investment securities	$	15,764		$	85,538		$	24,764		$	88,538
Tax expense on sales of investment securities	$	127		$	581		$	131		$	581

For the three months ended June 30, 2013, there was a $303,000 net gain in earnings resulting from the redemption and sale of investment securities that had previously been recorded as net unrealized gains of $812,000 in comprehensive income. For the three months ended June 30, 2012, there was a $1.4 million net gain in earnings resulting from the redemption and sale of investment securities that had previously been recorded as net unrealized gains of $1.9 million in comprehensive income.

For the six months ended June 30, 2013, there was a $312,000 net gain in earnings resulting from the redemption and sale of investment securities that had previously been recognized as net unrealized gains of $856,000 in comprehensive income. For the six months ended June 30, 2012, there was a $1.4 million net gain in earnings resulting from the redemption and sale of investment securities that had previously been recorded as net unrealized gains of $1.7 million in comprehensive income.

Investment securities available-for-sale with carrying values of $55.7 million and $18.2 million as of June 30, 2013 and December 31, 2012, respectively, were pledged to secure FHLB advances, public deposits and for other purposes as required or permitted by law.

11

Note 3 — Loans

The Board of Directors and management review and approve the Bank’s loan policy and procedures on a regular basis to reflect issues such as regulatory and organizational structure changes, strategic planning revisions, concentrations of credit, loan delinquencies and non-performing loans, problem loans, and policy adjustments.

Real estate loans are loans secured by liens or interest in real estate, to provide purchase, construction, and refinance on real estate properties. Commercial and industrial loans consist of commercial term loans, commercial lines of credit, and SBA loans. Consumer loans consist of auto loans, credit cards, personal loans, and home equity lines of credit. We maintain management loan review and monitoring departments that review and monitor pass graded loans as well as problem loans to prevent further deterioration.

Concentrations of Credit: The majority of the Bank’s loan portfolio consists of commercial real estate and commercial and industrial loans. The Bank has been diversifying and monitoring commercial real estate loans based on property types, tightening underwriting standards, and portfolio liquidity and management, and has not exceeded certain specified limits set forth in the Bank’s loan policy. Most of the Bank’s lending activity occurs within Southern California.

Loans Receivable

Loans receivable consisted of the following as of the dates indicated:

	June 30,			December 31,
	2013			2012
	(In thousands)
Real estate loans:
Commercial property	$	887,782		$	787,094
Residential property		88,654			101,778
Total real estate loans		976,436			888,872
Commercial and industrial loans:
Commercial term (1)		940,555			884,364
Commercial lines of credit (2)		45,195			56,121
SBA loans (3)		157,240			148,306
International loans		32,583			34,221
Total commercial and industrial loans		1,175,573			1,123,012
Consumer loans		35,380			36,676
Total gross loans		2,187,389			2,048,560
Allowance for loans losses		(59,876	)		(63,305	)
Deferred loan fees		695			796
Loans receivable, net	$	2,128,208		$	1,986,051

(1) Includes owner-occupied property loans of $838.5 million and $774.2 million as of June 30, 2013 and December 31, 2012, respectively.

(2) Includes owner-occupied property loans of $1.0 million and $1.4 million as of June 30, 2013 and December 31, 2012, respectively.

(3) Includes owner-occupied property loans of $142.9 million and $128.4 million as of June 30, 2013 and December 31, 2012, respectively.

Accrued interest on loans receivable was $5.7 million and $5.4 million at June 30, 2013 and December 31, 2012, respectively. At June 30, 2013 and December 31, 2012, loans receivable totaling $691.6 million and $524.0 million, respectively, were pledged to secure advances from the FHLB and the FRB’s federal discount window.

12

The following table details the information on the sales and reclassifications of loans receivable to loans held for sale by portfolio segment for the three months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer		Total
				(In thousands)
June 30, 2013
Balance at beginning of period	$	—		$	6,043		$	—	$	6,043
Origination of loans held for sale		—			22,834			—		22,834
Reclassification from loans receivable to loans held for sale		780			3,857			—		4,637
Sales of loans held for sale		—			(30,956	)		—		(30,956	)
Principal payoffs and amortization		—			(5	)		—		(5	)
Balance at end of period	$	780		$	1,773		$	—	$	2,553
June 30, 2012
Balance at beginning of period	$	10,879		$	45,114		$	—	$	55,993
Origination of loans held for sale		—			34,723			—		34,723
Reclassification from loans receivable to loans held for sale		15,148			11,842			—		26,990
Reclassification from loans held for sale to loans receivable		(1,647	)		(132	)		—		(1,779	)
Sales of loans held for sale		(21,909	)		(87,552	)		—		(109,461	)
Principal payoffs and amortization		(58	)		(146	)		—		(204	)
Valuation adjustments		(1,124	)		—			—		(1,124	)
Balance at end of period	$	1,289		$	3,849		$	—	$	5,138

For the three months ended June 30, 2013, loans receivable of $4.6 million were reclassified as loans held for sale, and loans held for sale of $31.0 million were sold. For the three months ended June 30, 2012, loans receivable of $27.0 million were reclassified as loans held for sale, and loans held for sale of $109.5 million were sold.

The following table details the information on the sales and reclassifications of loans receivable to loans held for sale by portfolio segment for the six months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer		Total
				(In thousands)
June 30, 2013
Balance at beginning of period	$	—		$	8,306		$	—	$	8,306
Origination of loans held for sale		—			45,978			—		45,978
Reclassification from loans receivable to loans held for sale		780			7,230			—		8,010
Sales of loans held for sale		—			(59,721	)		—		(59,721	)
Principal payoffs and amortization		—			(20	)		—		(20	)
Balance at end of period	$	780		$	1,773		$	—	$	2,553
June 30, 2012
Balance at beginning of period	$	11,068		$	11,519		$	—	$	22,587
Origination of loans held for sale		—			60,589			—		60,589
Reclassification from loans receivable to loans held for sale		32,224			32,247			—		64,471
Reclassification from loans held for sale to other real estate owned		(360	)		—			—		(360	)
Reclassification from loans held for sale to loans receivable		(1,647	)		(132	)		—		(1,779	)
Sales of loans held for sale		(38,703	)		(99,455	)		—		(138,158	)
Principal payoffs and amortization		(169	)		(262	)		—		(431	)
Valuation adjustments		(1,124	)		(657	)		—		(1,781	)
Balance at end of period	$	1,289		$	3,849		$	—	$	5,138

For the six months ended June 30, 2013, loans receivable of $8.0 million were reclassified as loans held for sale, and loans held for sale of $59.7 million were sold. For the six months ended June 30, 2012, loans receivable of $64.5 million were reclassified as loans held for sale, and loans held for sale of $138.2 million were sold.

13

Allowance for Loan Losses and Allowance for Off-Balance Sheet Items

In the first quarter of 2010, the look-back period was reduced from twelve quarters to eight quarters, with 60 percent weighting given to the most recent four quarters and 40 percent to the oldest four quarters, to place greater emphasis on losses taken by the Bank during the economic downturn. In the second quarter of 2013, management reevaluated the look-back period and restored the twelve quarter look-back period in order to capture a period of higher losses that would have otherwise been excluded. Risk factor calculations are weighted at 50 percent for the most recent four quarters, 33 percent for the next four quarters, and 17 percent for the oldest four quarters. As homogenous loans are bulk graded, the risk grade is not factored into the historical loss analysis. The change in methodology maintained the Bank’s allowance at a level consistent with prior quarter. Under the previous methodology, the Bank would have recognized a negative provision of $5.9 million, which the Bank did not consider to be prudent, given the uncertainty in the economy.

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

	As of and for the									As of and for the
	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2013			2013			2012			2013			2012
	(In thousands)
Allowance for loan losses:
Balance at beginning of period	$	61,191		$	63,305		$	81,052		$	63,305		$	89,936
Actual charge-offs		(3,490	)		(3,024	)		(14,716	)		(6,514	)		(27,037	)
Recoveries on loans previously charged off		1,867			714			1,324			2,581			2,361
Net loan charge-offs		(1,623	)		(2,310	)		(13,392	)		(3,933	)		(24,676	)
Provision charged to operating expense		308			196			4,233			504			6,633
Balance at end of period	$	59,876		$	61,191		$	71,893		$	59,876		$	71,893
Allowance for off-balance sheet items:
Balance at beginning of period	$	1,628		$	1,824		$	2,581		$	1,822		$	2,981
Provision charged to operating expense		(308	)		(196	)		(233	)		(504	)		(633	)
Balance at end of period	$	1,320		$	1,628		$	2,348		$	1,318		$	2,348

The following table details the information on the allowance for loan losses by portfolio segment for the three months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer			Unallocated			Total
	(In thousands)
June 30, 2013
Allowance for loan losses:
Beginning balance	$	17,832		$	39,560		$	1,795		$	2,004		$	61,191
Charge-offs		(146	)		(3,308	)		(36	)		—			(3,490	)
Recoveries on loans previously charged off		1,042			819			6			—			1,867
Provision		(248	)		1,963			119			(1,526	)		308
Ending balance	$	18,480		$	39,034		$	1,884		$	478		$	59,876
Ending balance: individually evaluated for impairment	$	28		$	5,011		$	385		$	—		$	5,424
Ending balance: collectively evaluated for impairment	$	18,452		$	34,023		$	1,499		$	478		$	54,452
Loans receivable:
Ending balance	$	976,436		$	1,175,573		$	35,380		$	—		$	2,187,389
Ending balance: individually evaluated for impairment	$	6,972		$	37,055		$	1,647		$	—		$	45,674
Ending balance: collectively evaluated for impairment	$	969,464		$	1,138,518		$	33,733		$	—		$	2,141,715
June 30, 2012
Allowance for loan losses:
Beginning balance	$	22,230		$	54,638		$	2,244		$	1,940		$	81,052
Charge-offs		(5,243	)		(9,393	)		(80	)		—			(14,716	)
Recoveries on loans previously charged off		517			789			18			—			1,324
Provision		3,902			776			(425	)		(20	)		4,233
Ending balance	$	21,406		$	46,810		$	1,757		$	1,920		$	71,893
Ending balance: individually evaluated for impairment	$	437		$	7,224		$	—		$	—		$	7,661
Ending balance: collectively evaluated for impairment	$	20,969		$	39,586		$	1,757		$	1,920		$	64,232
Loans receivable:
Ending balance	$	839,816		$	1,070,469		$	39,339		$	—		$	1,949,624
Ending balance: individually evaluated for impairment	$	16,619		$	42,087		$	1,401		$	—		$	60,107
Ending balance: collectively evaluated for impairment	$	823,197		$	1,028,382		$	37,938		$	—		$	1,889,517

14

The following table details the information on the allowance for loan losses by portfolio segment for the six months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer			Unallocated			Total
	(In thousands)
June 30, 2013
Allowance for loan losses:
Beginning balance	$	18,180		$	41,928		$	2,280		$	917		$	63,305
Charge-offs		(359	)		(5,955	)		(200	)		—			(6,514	)
Recoveries on loans previously charged off		1,050			1,476			55			—			2,581
Provision		(391	)		1,585			(251	)		(439	)		504
Ending balance	$	18,480		$	39,034		$	1,884		$	478		$	59,876
Ending balance: individually evaluated for impairment	$	28		$	5,011		$	385		$	—		$	5,424
Ending balance: collectively evaluated for impairment	$	18,452		$	34,023		$	1,499		$	478		$	54,452
Loans receivable:
Ending balance	$	976,436		$	1,175,573		$	35,380		$	—		$	2,187,389
Ending balance: individually evaluated for impairment	$	6,972		$	37,055		$	1,647		$	—		$	45,674
Ending balance: collectively evaluated for impairment	$	969,464		$	1,138,518		$	33,733		$	—		$	2,141,715
June 30, 2012
Allowance for loan losses:
Beginning balance	$	19,637		$	66,005		$	2,243		$	2,051		$	89,936
Charge-offs		(8,085	)		(18,508	)		(444	)		—			(27,037	)
Recoveries on loans previously charged off		517			1,802			42			—			2,361
Provision		9,337			(2,489	)		(84	)		(131	)		6,633
Ending balance	$	21,406		$	46,810		$	1,757		$	1,920			71,893
Ending balance: individually evaluated for impairment	$	437		$	7,224		$	—		$	—			7,661
Ending balance: collectively evaluated for impairment	$	20,969		$	39,586		$	1,757		$	1,920			64,232
Loans receivable:														—
Ending balance	$	839,816		$	1,070,469		$	39,339		$	—			1,949,624
Ending balance: individually evaluated for impairment	$	16,619		$	42,087		$	1,401		$	—			60,107
Ending balance: collectively evaluated for impairment	$	823,197		$	1,028,382		$	37,938		$	—			1,889,517

Credit Quality Indicators

As part of the on-going monitoring of the credit quality of our loan portfolio, we utilize an internal loan grading system to identify credit risk and assign an appropriate grade (from (0) to (8)) for each and every loan in our loan portfolio. All loans are reviewed by a third-party loan reviewer on a semi-annual basis. Additional adjustments are made when determined to be necessary. The loan grade definitions are as follows:

Pass: Pass loans, grades (0) to (4), are in compliance in all respects with the Bank’s credit policy and regulatory requirements, and do not exhibit any potential or defined weaknesses as defined under “Special Mention (5),” “Substandard (6)” or “Doubtful (7).” This category is the strongest level of the Bank’s loan grading system. It incorporates all performing loans with no credit weaknesses. It includes cash and stock/security secured loans or other investment grade loans. The following are sub categories within the Pass category, or grades (0) to (4):

Pass (0):	Loans or commitments secured in full by cash or cash equivalents.
Pass (1):	Loans or commitments requiring a very strong, well-structured credit relationship with an established borrower. The relationship should be supported by audited financial statements indicating cash flow well in excess of debt service requirements, excellent liquidity, and very strong capital.
Pass (2):	Loans or commitments requiring a well-structured credit that may not be as seasoned or as high quality as grade (1). Capital, liquidity, debt service capacity, and collateral coverage must all be well above average. This grade includes individuals with substantial net worth supported by liquid assets and strong income.
Pass (3):	Loans or commitments to borrowers exhibiting a fully acceptable credit risk. These borrowers should have sound balance sheets and significant cash flow coverage, although they may be somewhat more leveraged and exhibit greater fluctuations in earning and financing but generally would be considered very attractive to the Bank as a borrower. The borrower has historically demonstrated the ability to manage economic adversity. Real estate and asset-based loans with this grade must have characteristics that place them well above the minimum underwriting requirements. Asset-based borrowers assigned this grade must exhibit extremely favorable leverage and cash flow characteristics and consistently demonstrate a high level of unused borrowing capacity.

15

Pass (4): Loans or commitments to borrowers exhibiting either somewhat weaker balance sheets or positive, but inconsistent, cash flow coverage. These borrowers may exhibit somewhat greater credit risk, and as a result, the Bank may have secured its exposure to mitigate the risk. If so, the collateral taken should provide an unquestionable ability to repay the indebtedness in full through liquidation, if necessary. Cash flows should be adequate to cover debt service and fixed obligations, although there may be a question about the borrower’s ability to provide alternative sources of funds in emergencies. Better quality real estate and asset-based borrowers who fully comply with all underwriting standards and are performing according to projections would be assigned this grade.

Special Mention: A Special Mention credit, grade (5), has potential weaknesses that deserve management’s close attention. If not corrected, these potential weaknesses may result in deterioration of the repayment of the debt and result in a Substandard classification. Loans that have significant actual, not potential, weaknesses are considered more severely classified.

Substandard: A Substandard credit, grade (6), has a well-defined weakness that jeopardizes the liquidation of the debt. A credit graded Substandard is not protected by the sound worth and paying capacity of the borrower, or of the value and type of collateral pledged. With a Substandard loan, there is a distinct possibility that the Bank will sustain some loss if the weaknesses or deficiencies are not corrected.

Doubtful: A Doubtful credit, grade (7), is one that has critical weaknesses that would make the collection or liquidation of the full amount due improbable. However, there may be pending events which may work to strengthen the credit, and therefore the amount or timing of a possible loss cannot be determined at the current time.

Loss: A loan classified as Loss, grade (8), is considered uncollectible and of such little value that their continuance as active bank assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be possible in the future. Loans classified Loss will be charged off in a timely manner.

16

As of June 30, 2013 and December 31, 2012, pass (grade 0-4), criticized (grade 5) and classified (grade 6-7) loans, disaggregated by loan class, were as follows:

	Pass (Grade 0-4)		Criticized (Grade 5)		Classified (Grade 6-7)		Total Loans
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	433,954	$	3,755	$	2,362	$	440,071
Land		5,465		—		7,981		13,446
Other		419,664		12,026		2,575		434,265
Residential property		86,677		—		1,977		88,654
Commercial and industrial loans:
Commercial term
Unsecured		84,786		631		16,612		102,029
Secured by real estate		779,408		16,105		43,013		838,526
Commercial lines of credit		42,914		608		1,673		45,195
SBA loans		146,716		884		9,640		157,240
International loans		31,303		—		1,280		32,583
Consumer loans		32,617		181		2,582		35,380
Total gross loans	$	2,063,504	$	34,190	$	89,695	$	2,187,389
December 31, 2012
Real estate loans:
Commercial property
Retail	$	386,650	$	3,971	$	2,324	$	392,945
Land		5,491		—		8,516		14,007
Other		366,518		12,132		1,492		380,142
Residential property		99,250		—		2,528		101,778
Commercial and industrial loans:
Commercial term
Unsecured		87,370		663		22,139		110,172
Secured by real estate		710,723		13,038		50,431		774,192
Commercial lines of credit		53,391		863		1,867		56,121
SBA loans		136,058		1,119		11,129		148,306
International loans		34,221		—		—		34,221
Consumer loans		33,707		201		2,768		36,676
Total gross loans	$	1,913,379	$	31,987	$	103,194	$	2,048,560

17

The following is an aging analysis of past due loans, disaggregated by loan class, as of June 30, 2013 and December 31, 2012:

	30-59 Days  Past Due		60-89 Days  Past Due		90 Days or More  Past Due		Total Past Due		Current		Total Loans		Accruing 90 Days  or More Past Due
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	—	$	440,071	$	440,071	$	—
Land		—		—		—		—		13,446		13,446		—
Other		—		—		—		—		434,265		434,265		—
Residential property		—		219		810		1,029		87,625		88,654		—
Commercial and industrial loans:
Commercial term
Unsecured		416		455		1,885		2,756		99,273		102,029		—
Secured by real estate		—		—		122		122		838,404		838,526		—
Commercial lines of credit		—		146		188		334		44,861		45,195		—
SBA loans		2,376		2,707		3,718		8,801		148,439		157,240		—
International loans		—		—		—		—		32,583		32,583		—
Consumer loans		492		962		413		1,867		33,513		35,380		—
Total gross loans	$	3,284	$	4,489	$	7,136	$	14,909	$	2,172,480	$	2,187,389	$	—
December 31, 2012
Real estate loans:
Commercial property
Retail	$	—	$	111	$	—	$	111	$	392,834	$	392,945	$	—
Land		—		—		335		335		13,672		14,007		—
Other		—		—		—		—		380,142		380,142		—
Residential property		—		588		311		899		100,879		101,778		—
Commercial and industrial loans:
Commercial term
Unsecured		918		1,103		1,279		3,300		106,872		110,172		—
Secured by real estate		1,949		—		926		2,875		771,317		774,192		—
Commercial lines of credit		—		188		416		604		55,517		56,121		—
SBA loans		3,759		1,039		2,800		7,598		140,708		148,306		—
International loans		—		—		—		—		34,221		34,221		—
Consumer loans		61		146		538		745		35,931		36,676		—
Total gross loans	$	6,687	$	3,175	$	6,605	$	16,467	$	2,032,093	$	2,048,560	$	—

Impaired Loans

Loans are considered impaired when non-accrual and principal or interest payments have been contractually past due for 90 days or more, unless the loan is both well-collateralized and in the process of collection; or they are classified as Troubled Debt Restructuring (“TDR”) loans to offer terms not typically granted by the Bank; or when current information or events make it unlikely to collect in full according to the contractual terms of the loan agreements; or there is a deterioration in the borrower’s financial condition that raises uncertainty as to timely collection of either principal or interest; or full payment of both interest and principal is in doubt according to the original contractual terms.

We evaluate loan impairment in accordance with applicable GAAP. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent, less costs to sell. If the measure of the impaired loan is less than the recorded investment in the loan, the deficiency will be charged off against the allowance for loan losses or, alternatively, a specific allocation will be established. Additionally, loans that are considered impaired are specifically excluded from the quarterly migration analysis when determining the amount of the allowance for loan losses required for the period.

The allowance for collateral-dependent loans is determined by calculating the difference between the outstanding loan balance and the value of the collateral as determined by recent appraisals. The allowance for collateral-dependent loans varies from loan to loan based on the collateral coverage of the loan at the time of designation as non-performing. We continue to monitor the collateral coverage, using recent appraisals, on these loans on a quarterly basis and adjust the allowance accordingly.

18

The following table provides information on impaired loans, disaggregated by loan class, as of the dates indicated:

	Recorded Investment		Unpaid  Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Related Allowance
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	1,818	$	1,818	$	1,818	$	—	$	—
Land		1,612		1,902		1,612		—		—
Other		523		523		—		523		28
Residential property		3,019		3,091		3,019		—		—
Commercial and industrial loans:
Commercial term
Unsecured		12,689		13,742		3,440		9,249		3,863
Secured by real estate		16,492		17,649		15,887		605		119
Commercial lines of credit		1,052		1,259		1,052		—		—
SBA loans		5,541		8,832		3,363		2,178		998
International loans		1,281		1,280		572		709		31
Consumer loans		1,647		1,718		457		1,190		385
Total gross loans	$	45,674	$	51,814	$	31,220	$	14,454	$	5,424
December 31, 2012
Real estate loans:
Commercial property
Retail	$	2,930	$	3,024	$	2,930	$	—	$	—
Land		2,097		2,307		2,097		—		—
Other		527		527		—		527		67
Residential property		3,265		3,308		1,866		1,399		94
Commercial and industrial loans:
Commercial term
Unsecured		14,532		15,515		6,826		7,706		2,144
Secured by real estate		22,050		23,221		9,520		12,530		2,319
Commercial lines of credit		1,521		1,704		848		673		230
SBA loans		6,170		10,244		4,294		1,876		762
International loans		—		—		—		—		—
Consumer loans		1,652		1,711		449		1,203		615
Total gross loans	$	54,744	$	61,561	$	28,830	$	25,914	$	6,231

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The following table provides information on impaired loans, disaggregated by loan class, as of dates indicated:

	Average Recorded Investment for the Three Months Ended		Interest Income Recognized for the Three Months Ended		Average Recorded Investment for the Six  Months Ended		Interest Income Recognized for the Six Months Ended
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	1,823	$	18	$	2,309	$	44
Land		1,637		40		1,674		80
Other		524		6		525		10
Residential property		3,027		31		3,043		59
Commercial and industrial loans:
Commercial term
Unsecured		12,933		221		13,093		406
Secured by real estate		16,539		305		17,026		618
Commercial lines of credit		1,060		9		1,286		24
SBA loans		5,595		281		6,034		554
International loans		1,330		—		1,414		—
Consumer loans		1,649		15		1,646		27
Total gross loans	$	46,117	$	926	$	48,050	$	1,822
June 30, 2012
Real estate loans:
Commercial property
Retail	$	2,546	$	19	$	1,945	$	48
Land		2,137		45		2,175		91
Other		878		11		1,138		33
Construction		7,983		89		8,090		178
Residential property		3,177		48		3,259		84
Commercial and industrial loans:
Commercial term
Unsecured		13,474		192		14,257		430
Secured by real estate		19,021		525		22,756		958
Commercial lines of credit		1,788		22		1,835		30
SBA loans		8,336		286		8,150		483
Consumer loans		1,402		2		903		10
Total gross loans	$	60,742	$	1,239	$	64,508	$	2,345

The following is a summary of interest foregone on impaired loans for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2013			2012			2013			2012
	(In thousands)
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	$	1,057		$	1,505		$	2,125		$	2,933
Less: Interest income recognized on impaired loans		(926	)		(1,239	)		(1,822	)		(2,345	)
Interest foregone on impaired loans	$	131		$	266		$	303		$	588

There were no commitments to lend additional funds to borrowers whose loans are included above.

20

Non-Accrual Loans

Loans are placed on non-accrual status when, in the opinion of management, the full timely collection of principal or interest is in doubt. Generally, the accrual of interest is discontinued when principal or interest payments become more than 90 days past due, unless management believes the loan is adequately collateralized and in the process of collection. However, in certain instances, we may place a particular loan on non-accrual status earlier, depending upon the individual circumstances surrounding the loan’s delinquency. When a loan is placed on non-accrual status, previously accrued but unpaid interest is reversed against current income. Subsequent collections of cash are applied as principal reductions when received, except when the ultimate collectability of principal is probable, in which case interest payments are credited to income. Non-accrual loans may be restored to accrual status when principal and interest payments become current and full repayment is expected.

The following table details non-accrual loans, disaggregated by loan class, as of the dates indicated:

	June 30,		December 31,
	2013		2012
	(In thousands)
Real estate loans:
Commercial property
Retail	$	—	$	1,079
Land		1,612		2,097
Residential property		1,620		1,270
Commercial and industrial loans:
Commercial term
Unsecured		6,209		8,311
Secured by real estate		5,389		8,679
Commercial lines of credit		1,052		1,521
SBA loans		10,596		12,563
Consumer loans		1,497		1,759
Total non-accrual loans	$	27,975	$	37,279

The following table details non-performing assets as of the dates indicated:

	June 30,		December 31,
	2013		2012
	(In thousands)
Non-accrual loans	$	27,975	$	37,279
Loans 90 days or more past due and still accruing		—		—
Total non-performing loans		27,975		37,279
Other real estate owned		900		774
Total non-performing assets	$	28,875	$	38,053

Loans on non-accrual status, excluding loans held for sale, totaled $28.0 million as of June 30, 2013, compared to $37.3 million as of December 31, 2012, representing a 25.0 percent decrease. Delinquent loans (defined as 30 days or more past due), excluding loans held for sale, were $14.9 million as of June 30, 2013, compared to $16.5 million as of December 31, 2012, representing a 9.5 percent decrease.

As of June 30, 2013, other real estate owned consisted of two properties in Virginia and California with a combined carrying value of $900,000, and a valuation adjustment of $126,000 was recorded. As of December 31, 2012, there were two properties located in Illinois and Virginia with a combined carrying value of $774,000 and no valuation adjustment.

Troubled Debt Restructuring

In April 2011, the FASB issued ASU 2011-02, “A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring,” which clarifies the guidance for evaluating whether a restructuring constitutes a TDR. This guidance is effective for the first interim or annual period beginning on or after June 15, 2011, and should be applied retrospectively to the beginning of the annual period of adoption. For the purposes of measuring impairment of loans that are newly considered impaired, the guidance should be applied prospectively for the first interim or annual period beginning on or after June 15, 2011.

As a result of the amendments in ASU 2011-02, we reassessed all restructurings that occurred on or after the beginning of the annual period and identified certain receivables as TDRs. Upon identifying those receivables as TDRs, we considered them impaired and applied the impairment measurement guidance prospectively for those receivables newly identified as impaired.

During the three months ended June 30, 2013, we restructured monthly payments on 9 loans, with a net carrying value of $787,000 as of June 30, 2013, through temporary payment structure modifications or re-amortization. For the restructured loans on accrual status, we determined that, based on the financial capabilities of the borrowers at the time of the loan restructuring and the borrowers’ past performance in the payment of debt service under the previous loan terms, performance and collection under the revised terms are probable.

21

The following table details troubled debt restructurings, disaggregated by concession type and by loan type, as of June 30, 2013 and December 31, 2012:

	Non-Accrual TDRs										Accrual TDRs
	Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total		Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total
									(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	—	$	—	$	342	$	—	$	—	$	174	$	516
Other		—		—		—		—		—		523		—		—		—		523
Residential property		811		—		—		—		811		—		—		—		—		—
Commercial and industrial loans:
Commercial term
Unsecured		—		570		2,830		926		4,326		906		—		1,848		2,671		5,425
Secured by real estate		2,221		1,035		279		—		3,535		2,116		—		579		4,510		7,205
Commercial lines of credit		656		—		188		208		1,052		—		—		—		—		—
SBA loans		1,641		1,191		811		—		3,643		450		—		75		—		525
International loans		—		—		—		—		—		—		—		1,280		—		1,280
Consumer loans		—		—		—		—		—		—		—		149		—		149
Total	$	5,329	$	2,796	$	4,108	$	1,134	$	13,367	$	4,337	$	—	$	3,931	$	7,355	$	15,623
December 31, 2012
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	1,080	$	1,080	$	357	$	—	$	—	$	175	$	532
Other		—		—		—		—		—		527		—		—		—		527
Residential property		827		—		—		—		827		—		572		—		—		572
Commercial and industrial loans:
Commercial term
Unsecured		—		658		4,558		1,413		6,629		976		—		1,090		3,260		5,326
Secured by real estate		2,317		1,343		318		—		3,978		4,444		—		448		4,547		9,439
Commercial lines of credit		673		—		188		244		1,105		—				—		—		—
SBA loans		2,831		1,287		1,032		—		5,150		484		—		100		—		584
Total	$	6,648	$	3,288	$	6,096	$	2,737	$	18,769	$	6,788	$	572	$	1,638	$	7,982	$	16,980

The following table details troubled debt restructuring, disaggregated by loan class, for the three months ended June 30, 2013 and 2012:

	June 30, 2013						June 30, 2012
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
			(In thousands, except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured (1)		6	$	518	$	498		10	$	1,640	$	1,588
Secured by real estate (2)		—		—		—		1		378		358
Commercial lines of credit (3)		1		—		—		1		196		192
SBA loans (4)		1		148		140		4		681		653
Consumer loans (5)		1		149		149		—		—		—
Total		9	$	815	$	787		16	$	2,895	$	2,791

(1) Includes modifications of $42,000 through a reduction of principal or accrued interest and $456,000 through extensions of maturity for the three months ended June 30, 2013, and modifications of $1.2 million through payment deferrals and $394,000 through extensions of maturity for the three months ended June 30, 2012.

(2) Includes a modification of $358,000 through a reduction of principal or accrued interest for the three months ended June 30, 2012.

(3) Includes a modification of zero through a reduction of principal or accrued interest for the three months ended June 30, 2013 and a modification of $192,000 through a reduction of principal or accrued interest for the three months ended June 30, 2012.

(4) Includes a modification of $140,000 through a reduction of principal or accrued interest for the three months ended June 30, 2013, and modifications of $362,000 through payment deferrals and $291,000 through reductions of principal or accrued interest for the three months ended June 30, 2012.

(5) Includes a modification of $149,000 through a reduction of principal or accrued interest for the three months ended June 30, 2013.

22

The following table details troubled debt restructuring, disaggregated by loan class, for the six months ended June 30, 2013 and 2012:

	June 30, 2013						June 30, 2012
	Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
			(In thousands, except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured (1)		7		764		692		27		4,696		4,426
Secured by real estate (2)		—		—		—		3		2,211		2,144
Commercial lines of credit (3)		1		—		—		1		202		192
SBA loans (4)		2		161		147		9		975		934
International loans (5)		2		1,584		1,280		—		—		—
Consumer loans (6)		1		149		149		—		—		—
Total		13	$	2,658	$	2,268		40	$	8,084	$	7,696

(1) Includes modifications of $42,000 through a reduction of principal or accrued interest and $650,000 through extensions of maturity for the six months ended June 30, 2013, and modifications of $893,000 through payment deferrals, $1.9 million through reductions of principal or accrued interest and $1.6 million through extensions of maturity for the six months ended June 30, 2012.

(2) Includes modifications of $1.6 million through reductions of principal or accrued interest and $497,000 through an extension of maturity for the six months ended June 30, 2012.

(3) Includes a modification of zero through a reduction of principal or accrued interest for the three months ended June 30, 2013 and a modification of $192,000 through a reduction of principal or accrued interest for the six months ended June 30, 2012.

(4) Includes modifications of $7,000 through a payment deferral and $140,000 through a reduction of principal or accrued interest for the six months ended June 30, 2013, and modifications of $503,000 through payments deferral and $442,000 through reductions of principal or accrued interest for the six months ended June 30, 2012.

(5) Includes a modification of $1.3 million through reductions of principal or accrued interest for the six months ended June 30, 2013.

(6) Includes a modification of $149,000 through a reduction of principal or accrued interest for the six months ended June 30, 2013.

As of June 30, 2013 and December 31, 2012, total TDRs, excluding loans held for sale, were $29.0 million and $35.7 million, respectively. A debt restructuring is considered a TDR if we grant a concession that we would not have otherwise considered to the borrower, for economic or legal reasons related to the borrower’s financial difficulties. Loans are considered to be TDRs if they were restructured through payment structure modifications such as reducing the amount of principal and interest due monthly and/or allowing for interest only monthly payments for six months or less. All TDRs are impaired and are individually evaluated for specific impairment using one of these three criteria: (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the loan’s observable market price; or (3) the fair value of the collateral if the loan is collateral dependent.

At June 30, 2013 and December 31, 2012, TDRs, excluding loans held for sale, were subjected to specific impairment analysis, and $3.3 million and $3.6 million, respectively, of reserves relating to these loans were included in the allowance for loan losses.

The following table details troubled debt restructurings that defaulted subsequent to the modifications occurring within the previous twelve months, disaggregated by loan class, for the three and six months ended June 30, 2013 and 2012, respectively:

	Three Months Ended								Six Months Ended
	June 30, 2013				June 30, 2012				June 30, 2013				June 30, 2012
	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
							(In thousands, except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured		4	$	311		6	$	636		4	$	311		7	$	677
Secured by real estate		—		—		—		—		1		1,274		—		—
Commercial lines of credit		—		—		1		273		—		—		1		273
SBA loans		2		170		12		1,042		2		170		12		1,042
Total		6	$	481		19	$	1,951		7	$	1,755		20	$	1,992

23

Servicing Assets

The changes in servicing assets for the six months ended June 30, 2013 and 2012 were as follows:

	Six Months Ended June 30,
	2013			2012
	(In thousands)
Balance at beginning of period	$	5,542		$	3,720
Additions		1,580			1,702
Amortization		(739	)		(419	)
Balance at end of period	$	6,383		$	5,003

At June 30, 2013 and 2012, we serviced loans sold to unaffiliated parties in the amounts of $330.4 million and $268.8 million, respectively. These represented loans that have been sold for which the Bank continues to provide servicing. These loans are maintained off balance sheet and are not included in the loans receivable balance. All of the loans being serviced were SBA loans.

Note 4 — Income Taxes

The Company’s income tax expenses were $5.8 million and $10.5 million for the three and six months ended June 30, 2013, respectively, compared to income tax benefits of $47.2 million and $47.1 million for the three and six months ended June 30, 2012, respectively. The effective income tax rate was 37.95 percent and 34.86 percent for the three and six months ended June 30, 2013, respectively, as compared to (548.7) percent and (294.0) percent for the three and six months ended June 30, 2012. The change in the effective tax rate for the three and six months ended June 30, 2013, as compared to the three and six months ended June 30, 2012, was primarily due to a net tax benefit of $47.1 million resulting from the reversal of $53.1 million of valuation allowance on the Company’s deferred tax asset in the quarter ended June 30, 2012. The income tax expenses for the three and six months ended June 30, 2013 include discrete items of $11,000 and ($768,000), respectively, related mainly to the revision of deferred tax estimate from stock options and state tax attributes. Management concluded that deferred tax assets were more likely than not to be realized, and therefore, maintaining a valuation allowance was not required as of June 30, 2013.

As of June 30, 2013, the Company was subject to examination by various federal and state tax authorities for the years ended December 31, 2004 through 2011. The Company was subjected to audits by the Internal Revenue Service for the 2009 tax year, by the California FTB for the 2008 and 2009 tax years. Management does not anticipate any material changes in our financial statements due to the results of those audits.

Note 5 — Stockholders’ Equity

Stock Warrants

As part of the agreement dated as of July 27, 2010 with Cappello Capital Corp., the placement agent in connection with our best efforts offering and the financial advisor in connection with our completed rights offering, we issued warrants to purchase 250,000 shares of our common stock for services performed. The warrants have an exercise price of $9.60 per share. According to the agreement, the warrants vested on October 14, 2010 and are exercisable until its expiration on October 14, 2015. The Company followed the guidance of FASB ASC Topic 815- 40, “Derivatives and Hedging—Contracts in Entity’s Own Stock”, which establishes a framework for determining whether certain freestanding and embedded instruments are indexed to a company’s own stock for purposes of evaluation of the accounting for such instruments under existing accounting literature. Under GAAP, the issuer is required to measure the fair value of the equity instruments in the transaction as of earlier of (i) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached or (ii) the date at which the counterparty’s performance is complete. The fair value of the warrants at the date of issuance totaling $2.0 million was recorded as a liability and a cost of equity, which was determined by the Black-Scholes option pricing model. The expected stock volatility was based on historical volatility of our common stock over the expected term of the warrants. We used a weighted average expected stock volatility of 111.46 percent. The expected life assumption was based on the contract term of five years. The dividend yield of zero was based on the fact that we had no intention to pay cash dividends for the term at the grant date. The risk free rate of 2.07 percent used for the warrants was equal to the zero coupon rate in effect at the time of the grant.

Upon re-measuring the fair value of the stock warrants at June 30, 2013, the fair value increased by $9,000, which we have included in other operating expenses for the three months ended June 30, 2013. We used a weighted average expected stock volatility of 30.37 percent and a remaining contractual life of 2.1 years based on the contract terms. We also used a dividend yield of zero as we have no present intention to pay cash dividends. The risk free rate of 0.58 percent used for the warrants was equal to the zero coupon rate in effect at the end of the measurement period.

24

Note 6 — Regulatory Matters

Risk-Based Capital

Federal bank regulatory agencies require bank holding companies and banks to maintain a minimum ratio of qualifying total capital to risk-weighted assets of 8.0 percent and a minimum ratio of Tier 1 capital to risk-weighted assets of 4.0 percent. In addition to the risk-based guidelines, federal bank regulatory agencies require bank holding companies and banks to maintain a minimum ratio of Tier 1 capital to average total assets, referred to as the leverage ratio, of 4.0 percent.

In order for banks to be considered “well capitalized,” federal bank regulatory agencies require them to maintain a minimum ratio of qualifying total capital to risk-weighted assets of 10.0 percent and a minimum ratio of Tier 1 capital to risk-weighted assets of 6.0 percent. In addition to the risk-based guidelines, federal bank regulatory agencies require depository institutions to maintain a minimum ratio of Tier 1 capital to average total assets, referred to as the leverage ratio, of 5.0 percent.

The capital ratios of Hanmi Financial and the Bank as of June 30, 2013 and 2012 were as follows:

						Minimum					Minimum to Be
						Regulatory					Categorized as
	Actual					Requirement					“Well Capitalized”
	Amount		Ratio			Amount		Ratio			Amount		Ratio
						(In thousands)
June 30, 2013
Total capital (to risk-weighted assets):
Hanmi Financial	$	399,496		17.08	%	$	187,087		8.00	%		N/A		N/A
Hanmi Bank	$	386,124		16.53	%	$	186,833		8.00	%	$	233,541		10.00	%
Tier 1 capital (to risk-weighted assets):
Hanmi Financial	$	369,737		15.81	%	$	93,544		4.00	%		N/A		N/A
Hanmi Bank	$	356,485		15.26	%	$	93,417		4.00	%	$	140,125		6.00	%
Tier 1 capital (to average assets):
Hanmi Financial	$	369,737		13.35	%	$	110,786		4.00	%		N/A		N/A
Hanmi Bank	$	356,485		12.88	%	$	110,705		4.00	%	$	138,382		5.00	%
June 30, 2012
Total capital (to risk-weighted assets):
Hanmi Financial	$	422,301		20.02	%	$	168,754		8.00	%		N/A		N/A
Hanmi Bank	$	401,456		19.06	%	$	168,467		8.00	%	$	210,584		10.00	%
Tier 1 capital (to risk-weighted assets):
Hanmi Financial	$	395,342		18.74	%	$	84,377		4.00	%		N/A		N/A
Hanmi Bank	$	374,540		17.79	%	$	84,234		4.00	%	$	126,351		6.00	%
Tier 1 capital (to average assets):
Hanmi Financial	$	395,342		14.70	%	$	107,587		4.00	%		N/A		N/A
Hanmi Bank	$	374,540		13.95	%	$	107,361		4.00	%	$	134,201		5.00	%

Regulatory Capital Rule Adjustments

In July 2013, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation approved the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revise minimum capital requirements and adjust prompt corrective action thresholds. The rules also revise the regulatory capital elements, add a new common equity Tier I capital ratio, and increase the minimum Tier I capital ratio requirement. The revisions permit banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. Additionally, the rules implement a new capital conservation buffer. Under the final rules, institutions are subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the capital conservation buffer amount. The rules will become effective January 1, 2015 for smaller, non-complex banking organizations with full implementation of the capital conservation buffer and certain deductions and adjustments to regulatory capital through January 1, 2019. The Company will continue to evaluate the new changes, and expects that the Company and the Bank will meet the capital requirements.

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Note 7 — Fair Value Measurements

Fair Value Measurements

FASB ASC 820, “Fair Value Measurements and Disclosures,” defines fair value, establishes a framework for measuring fair value including a three-level valuation hierarchy, and expands disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are defined as follows:

•    Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

•    Level 2 - Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data.

•    Level 3 - Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

Fair value is used on a recurring basis for certain assets and liabilities in which fair value is the primary basis of accounting. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes.

We record investment securities available-for-sale at fair value on a recurring basis. Certain other assets, such as loans held for sale, impaired loans, other real estate owned, and other intangible assets, are recorded at fair value on a non-recurring basis. Non-recurring fair value measurements typically involve assets that are periodically evaluated for impairment and for which any impairment is recorded in the period in which the re-measurement is performed.

The following methods and assumptions were used to estimate the fair value of each class of financial instrument below:

Investment securities available-for-sale – The fair values of investment securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges. If quoted prices are not available, fair values are measured using matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities, or other model-based valuation techniques requiring observable inputs other than quoted prices such as yield curve, prepayment speeds, and default rates. Level 1 investment securities include U.S. government and agency debentures and equity securities that are traded on an active exchange or by dealers or brokers in active over-the-counter markets. The fair value of these securities is determined by quoted prices on an active exchange or over-the-counter market. Level 2 investment securities primarily include mortgage-backed securities, municipal bonds, collateralized mortgage obligations, and SBA loan pool securities. In determining the fair value of the securities categorized as Level 2, we obtain reports from nationally recognized broker-dealers detailing the fair value of each investment security held as of each reporting date. The broker-dealers use prices obtained from nationally recognized pricing services to value our fixed income securities. The fair value of the municipal bonds is determined based on a proprietary model maintained by the broker-dealers. We review the prices obtained for reasonableness based on our understanding of the marketplace, and also consider any credit issues related to the bonds. As we have not made any adjustments to the market quotes provided to us and as they are based on observable market data, they have been categorized as Level 2 within the fair value hierarchy. Level 3 investment securities are instruments that are not traded in the market. As such, no observable market data for the instrument is available, which necessitates the use of significant unobservable inputs.

As of June 30, 2013, we had a zero coupon tax credit municipal bond of $762,000 compared to $779,000 as of December 31, 2012. This bond was recorded at estimated fair value using a discounted cash flow method, and was measured on a recurring basis with Level 3 inputs. Key assumptions used in measuring the fair value of the tax credit bond as of June 30, 2013 were discount rate and cash flows. The discount rate was derived from the term structure of Bank Qualified (“BQ”) “A-” rated municipal bonds, as the tax credit bond’s guarantee had the similar credit strength. The contractual future cash flows were the tax credits to be received for a remaining life of 1.7 years. If the discount rate is adjusted down to the term structure of BQ “BBB-” rating municipal bonds, the tax credit bond’s value would decline by 0.89 percent. We do not anticipate a significant deterioration of the tax credit bond’s credit quality. Management reviews the discount rate on an ongoing basis based on current market rates.

SBA loans held for sale – Small Business Administration (“SBA”) loans held for sale are carried at the lower of cost or fair value. As of June 30, 2013 and December 31, 2012, we had zero and $7.8 million of SBA loans held for sale, respectively. Management obtains quotes, bids or pricing indication sheets on all or part of these loans directly from the purchasing financial institutions. Premiums received or to be received on the quotes, bids or pricing indication sheets are indicative of the fact that cost is lower than fair value. At December 31, 2012, the entire balance of SBA loans held for sale was recorded at its cost. We record SBA loans held for sale on a nonrecurring basis with Level 2 inputs.

26

Non-performing loans held for sale – We reclassify certain non-performing loans as held for sale when we decide to sell those loans. The fair value of non-performing loans held for sale is generally based upon the quotes, bids or sales contract prices which approximate their fair value. Non-performing loans held for sale are recorded at estimated fair value less anticipated liquidation cost. As of June 30, 2013 and December 31, 2012, we had $2.6 million and $484,000 of non-performing loans held for sale, respectively, which are measured on a nonrecurring basis with Level 2 inputs.

Stock warrants—The Company followed the guidance of FASB ASC Topic 815- 40, “Derivatives and Hedging—Contracts in Entity’s Own Stock”, which establishes a framework for determining whether certain freestanding and embedded instruments are indexed to a company’s own stock for purposes of evaluation of the accounting for such instruments under existing accounting literature. Under GAAP, the issuer is required to measure the fair value of the equity instruments in the transaction as of earlier of (i) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached or (ii) the date at which the counterparty’s performance is complete. The fair value of the warrants was recorded as a liability and a cost of equity, which was determined by the Black-Scholes option pricing modeling and was measured on a recurring basis with Level 3 inputs.

27

Assets and Liabilities Measured at Fair Value on a Recurring Basis

There were no transfers of assets between Level 1 and Level 2 of the fair value hierarchy for the three months ended June 30, 2013. As of June 30, 2013 and December 31, 2012, assets and liabilities measured at fair value on a recurring basis are as follows:

	Level 1		Level 2		Level 3
			Significant
			Observable
	Quoted Prices in		Inputs with No
	Active Markets		Active Market		Significant
	for Identical		with Identical		Unobservable
	Assets		Characteristics		Inputs		Balance
	(In thousands)
As of June 30, 2013
Assets:
Debt securities available-for-sale:
Mortgage-backed securities	$	—	$	124,618	$	—	$	124,618
Collateralized mortgage obligations		—		84,848		—		84,848
U.S. government agency securities		97,604		—		—		97,604
Municipal bonds-tax exempt		—		9,889		762		10,651
Municipal bonds-taxable		—		45,546		—		45,546
Corporate bonds		—		20,375		—		20,375
SBA loan pools securities		—		13,501		—		13,501
Other securities		—		2,933		—		2,933
Total debt securities available-for-sale		97,604		301,710		762		400,076
Equity securities available-for-sale:
Financial services industry		739		—		—		739
Total equity securities available-for-sale		739		—		—		739
Total securities available-for-sale	$	98,343	$	301,710	$	762	$	400,815
Liabilities:
Stock warrants	$	—	$	—	$	5	$	5
December 31, 2012:
Assets:
Debt securities available-for-sale:
Mortgage-backed securities	$	—	$	160,326	$	—	$	160,326
Collateralized mortgage obligations		—		100,487		—		100,487
U.S. government agency securities		93,118		—		—		93,118
Municipal bonds-tax exempt		—		12,033		779		12,812
Municipal bonds-taxable		—		46,142		—		46,142
Corporate bonds		—		20,400		—		20,400
SBA loan pools securities		—		14,026		—		14,026
Other securities		—		3,357		—		3,357
Total debt securities available-for-sale		93,118		356,771		779		450,668
Equity securities available-for-sale:
Financial services industry		392		—		—		392
Total equity securities available-for-sale		392		—		—		392
Total securities available-for-sale	$	93,510	$	356,771	$	779	$	451,060
Liabilities:
Stock warrants	$	—	$	—	$	906	$	906

28

The table below presents a reconciliation and income statement classification of gains and losses for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2013:

									Unrealized
									Gains or
	Beginning		Purchases			Realized			Losses			Ending
	Balance as of		Issuances,			Gains or			in Other			Balance as of
	January 1,		and			Losses			Comprehensive			June 30,
	2013		Settlement			In Earnings			Income			2013
	(In thousands)
Assets:
Municipal bonds-tax exempt (1)	$	779	$	—		$	—		$	(17	)	$	762
Liabilities:
Stock warrants (2)	$	906	$	(841	)	$	(60	)	$	—		$	5

(1) Reflects a zero coupon tax credit municipal bond. As the Company was not able to obtain a price from independent external pricing service providers, the discounted cash flow method was used to determine its fair value. The bond carried a par value of $700,000 and an amortized value of $698,000 with a remaining life of 1.7 years at June 30, 2013.

(2) Reflects warrants for our common stock issued in connection with services Cappello Capital Corp. provided to us as a placement agent in connection with our best efforts public offering and as our financial adviser in connection with our completed rights offering. The warrants were immediately exercisable when issued at an exercise price of $9.60 per share of our common stock and expire on October 14, 2015. See “Note 5 – Stockholders’ Equity” for more details.

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

As of June 30, 2013 and December 31, 2012, assets and liabilities measured at fair value on a non-recurring basis are as follows:

	Level 1		Level 2		Level 3
			Significant
			Observable
	Quoted Prices in		Inputs With No
	Active Markets		Active Market		Significant		Loss During The
	for Identical		With Identical		Unobservable		Six Months Ended
	Assets		Characteristics		Inputs		June 30, 2013
	(In thousands)
As of June 30, 2013
Assets:
Non-performing loans held for sale (1)	$	—	$	2,553	$	—	$	—
Impaired loans (2)		—		30,444		187		1,343
Other real estate owned (3)		—		900		—		7
	Level 1		Level 2		Level 3
			Significant
			Observable
	Quoted Prices in		Inputs With No
	Active Markets		Active Market		Significant		Loss During The
	for Identical		With Identical		Unobservable		Twelve Months Ended
	Assets		Characteristics		Inputs		December 31, 2012
	(In thousands)
As of December 31, 2012:
Assets:
Non-performing loans held for sale (4)	$	—	$	484	$	—	$	3,747
Impaired loans (5)		—		27,844		8,888		580
Other real estate owned (6)		—		774		—		301

(1) Includes commercial and industrial loans of $1.8 million and real estate loans of $780,000

(2) Includes real estate loans of $6.9 million, commercial and industrial loans of $22.4 million, and consumer loans of $1.3 million

(3) Includes properties from the foreclosure of a residential property loan of $513,000 and a SBA loan of $387,000

(4) Includes a SBA loan of $484,000

(5) Includes real estate loans of $8.7 million, commercial and industrial loans of $27.0 million, and consumer loans of $1.0 million

(6) Includes properties from the foreclosure of real estate loans of $774,000

29

FASB ASC 825 requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring basis or non-recurring basis are discussed above.

The estimated fair value of financial instruments has been determined by using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data in order to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

The estimated fair values of financial instruments were as follows:

	June 30, 2013				December 31, 2012
	Carrying or				Carrying or
	Contract		Estimated		Contract		Estimated
	Amount		Fair Value		Amount		Fair Value
	(In thousands)
Financial assets:
Cash and cash equivalents	$	77,860	$	77,860	$	268,047	$	268,047
Restricted cash		—		—		5,350		5,350
Investment securities available-for-sale		400,815		400,815		451,060		451,060
Loans receivable, net of allowance for loan losses		2,128,208		2,104,321		1,986,051		1,981,669
Loans held for sale		2,553		2,553		8,306		8,306
Accrued interest receivable		7,441		7,441		7,581		7,581
Investment in federal home loan bank stock		14,197		14,197		17,800		17,800
Investment in federal reserve bank		13,200		13,200		12,222		12,222
Financial liabilities:
Noninterest-bearing deposits		736,470		736,470		720,931		720,931
Interest-bearing deposits		1,625,443		1,629,944		1,675,032		1,680,211
Borrowings		2,743		2,784		85,341		85,414
Accrued interest payable		2,570		2,570		11,775		11,775
Off-balance sheet items:
Commitments to extend credit		177,955		151		182,746		146
Standby letters of credit		9,694		25		10,588		24

The methods and assumptions used to estimate the fair value of each class of financial instruments for which it was practicable to estimate that value are explained below:

Cash and cash equivalents – The carrying amounts of cash and cash equivalents approximate fair value due to the short-term nature of these instruments (Level 1).

Restricted cash – The carrying amount of restricted cash approximates its fair value (Level 1).

Investment securities – The fair value of investment securities, consisting of investment securities available-for-sale, is generally obtained from market bids for similar or identical securities, from independent securities brokers or dealers, or from other model-based valuation techniques described above (Level 1, 2 and 3).

Loans receivable, net of allowance for loan losses – The fair value for loans receivable is estimated based on the discounted cash flow approach. The discount rate was derived from the associated yield curve plus spreads and reflects the offering rates offered by the Bank for loans with similar financial characteristics. Yield curves are constructed by product type using the Bank’s loan pricing model for like-quality credits. The discount rates used in the Bank’s model represent the rates the Bank would offer to current borrowers for like-quality credits. These rates could be different from what other financial institutions could offer for these loans. No adjustments have been made for changes in credit within the loan portfolio. It is our opinion that the allowance for loan losses relating to performing and nonperforming loans results in a fair valuation of such loans. Additionally, the fair value of our loans may differ significantly from the values that would have been used had a ready market existed for such loans and may differ materially from the values that we may ultimately realize (Level 3).

Loans held for sale – Loans held for sale are carried at the lower of aggregate cost or fair market value, as determined based upon quotes, bids or sales contract prices, or as may be assessed based upon the fair value of the collateral which is obtained from recent real estate appraisals (Level 2). Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustment is typically significant and results in Level 3 classification of the inputs for determining fair value.

30

Accrued interest receivable – The carrying amount of accrued interest receivable approximates its fair value (Level 1).

Investment in Federal Home Loan Bank and Federal Reserve Bank stock – The carrying amounts of investment in Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) stock approximate fair value as such stock may be resold to the issuer at carrying value (Level 1).

Non-interest-bearing deposits – The fair value of non-interest-bearing deposits is the amount payable on demand at the reporting date (Level 2).

Interest-bearing deposits – The fair value of interest-bearing deposits, such as savings accounts, money market checking, and certificates of deposit, is estimated based on discounted cash flows. The cash flows for non-maturity deposits, including savings accounts and money market checking, are estimated based on their historical decaying experiences. The discount rate used for fair valuation is based on interest rates currently being offered by the Bank on comparable deposits as to amount and term (Level 3).

Borrowings – Borrowings consist of FHLB advances, junior subordinated debentures and other borrowings. Discounted cash flows based on current market rates for borrowings with similar remaining maturities are used to estimate the fair value of borrowings (Level 3).

Accrued interest payable – The carrying amount of accrued interest payable approximates its fair value (Level 1).

Stock warrants – The fair value of stock warrants is determined by the Black-Scholes option pricing model. The expected stock volatility is based on historical volatility of our common stock over expected term of the warrants. The expected life assumption is based on the contract term. The dividend yield of zero is based on the fact that we have no present intention to pay cash dividends. The risk free rate used for the warrants is equal to the zero coupon rate in effect at the time of the grant (Level 3).

Commitments to extend credit and standby letters of credit – The fair values of commitments to extend credit and standby letters of credit are based upon the difference between the current value of similar loans and the price at which the Bank has committed to make the loans (Level 3).

Note 8 — Share-Based Compensation

Share-Based Compensation Expense

For the three months ended June 30, 2013 and 2012, share-based compensation expense was $92,000 and $10,000, respectively, and the related tax benefits on non-qualified stock options were $21,000 and $4,000, respectively. For the six months ended June 30, 2013 and 2012, share-based compensation expense was $189,000 and $102,000, respectively, and the related tax benefits on non-qualified stock options were $32,000 and $43,000, respectively.

Unrecognized Share-Based Compensation Expense

As of June 30, 2013, unrecognized share-based compensation expense was as follows:

			Average Expected
	Unrecognized		Recognition
	Expense		Period
	(In thousands)
Stock option awards	$	768		2.5 years
Restricted stock awards		33		0.8 years
Total unrecognized share-based compensation expense	$	801		2.4 years

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The table below provides stock option information for the three months ended June 30, 2013:

								Aggregate
				Weighted-		Weighted		Intrinsic
				Average		Average		Value of
				Exercise		Remaining		In-the-
	Number of			Price Per		Contractual		Money
	Shares			Share		Life		Options
	(In thousands, except share and per share data)
Options outstanding at beginning of period		335,320		$	37.78		7.7 years	$	359	(1)
Options exercised		(562	)	$	12.54		9.5 years
Options forfeited		(1,125	)	$	12.54		9.5 years
Options expired		(3,663	)	$	81.22		4.3 years
Options outstanding at end of period		329,970		$	37.43		7.5 years	$	1,015	(2)
Options exercisable at end of period		171,407		$	60.50		5.8 years	$	572	(2)

(1) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $16.00 as of March 31, 2013, over the exercise price, multiplied by the number of options.

(2) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $17.67 as of June 30, 2013, over the exercise price, multiplied by the number of options.

The table below provides stock option information for the six months ended June 30, 2013:

								Aggregate
				Weighted-		Weighted		Intrinsic
				Average		Average		Value of
				Exercise		Remaining		In-the-
	Number of			Price Per		Contractual		Money
	Shares			Share		Life		Options
	(In thousands, except share and per share data)
Options outstanding at beginning of period		342,950		$	37.44		8.0 years	$	359	(1)
Options exercised		(2,241	)	$	12.54		9.5 years
Options forfeited		(6,376	)	$	12.54		9.5 years
Options expired		(4,363	)	$	87.60		3.8 years
Options outstanding at end of period		329,970		$	37.43		7.5 years	$	1,015	(2)
Options exercisable at end of period		171,407		$	60.50		5.8 years	$	572	(2)

(1) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $13.59 as of December 31, 2012, over the exercise price, multiplied by the number of options.

(2) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $17.67 as of June 30, 2013, over the exercise price, multiplied by the number of options.

There were 562 and 2,241 stock options exercised during the three and six months ended June 30, 2013, respectively, compared to none during the same periods in 2012.

Restricted Stock Awards

Restricted stock awards under the 2007 Plan generally become fully vested after three to five years of continued employment from the date of grant. Hanmi Financial becomes entitled to an income tax deduction in an amount equal to the taxable income reported by the holders of the restricted stock awards when the restrictions are released and the shares are issued. Restricted stock awards are forfeited if officers and employees terminate prior to the lapsing of restrictions. Forfeitures of restricted stock awards are treated as cancelled shares.

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The table below provides information for restricted stock awards for the three and six months ended June 30, 2013:

	Three Months Ended					Six Months Ended
				Weighted-					Weighted-
				Average					Average
				Grant Date					Grant Date
	Number of			Fair Value		Number of			Fair Value
	Shares			Per Share		Shares			Per Share
Restricted stock at beginning of period		8,000		$	10.97		10,500		$	10.83
Restricted stock vested		(4,500	)	$	10.95		(7,000	)	$	10.75
Restricted stock at end of period		3,500		$	10.99		3,500		$	10.99

Note 9 — Earnings Per Share

Earnings per share (“EPS”) is calculated on both a basic and a diluted basis. Basic EPS excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted from the issuance of common stock that then shared in earnings, excluding common shares in treasury. Unvested restricted stock is excluded from the calculation of weighted-average common shares for basic EPS. For diluted EPS, weighted-average common shares include the impact of restricted stock under the treasury method.

The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:

	2013						2012
	(Numerator)		(Denominator)				(Numerator)		(Denominator)
			Weighted-		Per				Weighted-		Per
	Net		Average		Share		Net		Average		Share
	Income		Shares		Amount		Income		Shares		Amount
	(In thousands, except share and per share data)
Three months ended June 30:
Basic EPS	$	9,519		31,590,760	$	0.30	$	55,775		31,475,610	$	1.77
Effect of dilutive securities - options, warrants and unvested restricted stock		—		65,228		—		—		24,193		—
Diluted EPS	$	9,519		31,655,988	$	0.30	$	55,775		31,499,803	$	1.77
Six months ended June 30:
Basic EPS	$	19,629		31,565,013	$	0.62	$	63,116		31,473,065	$	2.01
Effect of dilutive securities - options, warrants and unvested restricted stock		—		68,522		—		—		16,878		(0.01	)
Diluted EPS	$	19,629		31,633,535	$	0.62	$	63,116		31,489,943	$	2.00

For the three months ended June 30, 2013 and 2012, there were 74,275 and 123,650 options, warrants and shares of unvested restricted stock outstanding, respectively, that were not included in the computation of diluted EPS because their effect would be anti-dilutive. For the six months ended June 30, 2013 and 2012, there were 74,275 and 373,650 options, warrants and shares of unvested restricted stock outstanding, respectively, that were not included in the computation of diluted EPS because their effect would be anti-dilutive.

Note 10 — Off-Balance Sheet Commitments

The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of our customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk similar to the risk involved with on-balance sheet items recognized in the Consolidated Balance Sheets.

The Bank’s exposure to credit losses in the event of non-performance by the other party to commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for extending loan facilities to customers. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, was based on management’s credit evaluation of the counterparty.

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Collateral held varies but may include accounts receivable, inventory, premises and equipment, and income-producing or borrower-occupied properties. The following table shows the distribution of undisbursed loan commitments as of the dates indicated:

	June 30,		December 31,
	2013		2012
	(In thousands)
Commitments to extend credit	$	177,955	$	182,746
Standby letters of credit		9,694		10,588
Commercial letters of credit		4,150		6,092
Unused credit card lines		11,805		13,459
Total undisbursed loan commitments	$	203,604	$	212,885

Note 11 — Liquidity

Hanmi Financial

Management believes that Hanmi Financial, on a stand-alone basis, has adequate liquid assets to meet its operating cash needs through June 30, 2014. Hanmi Financial redeemed $30.9 million of trust preferred securities (“TPS”) in March 2013, and fully paid the remaining $51.5 million of TPS in April 2013.

Hanmi Bank

The principal objective of our liquidity management program is to maintain the Bank’s ability to meet the day-to-day cash flow requirements of our customers who either wish to withdraw funds or to draw upon credit facilities to meet their cash needs. Management believes that the Bank, on a stand-alone basis, has adequate liquid assets to meet its current obligations. The Bank’s primary funding source will continue to be deposits originating from its branch platform. The Bank’s wholesale funds historically consisted of FHLB advances and brokered deposits. As of June 30, 2013, the Bank had no brokered deposits, and had FHLB advances of $2.7 million compared to $2.9 million as of December 31, 2012.

We monitor the sources and uses of funds on a regular basis to maintain an acceptable liquidity position. The Bank’s primary source of borrowings is the FHLB, from which the Bank is eligible to borrow up to 30 percent of its total assets. As of June 30, 2013, the total borrowing capacity available based on pledged collateral and the remaining available borrowing capacity were $429.2 million and $426.5 million, respectively, compared to $275.1 million and $272.2 million, respectively, as of December 31, 2012. The Bank’s FHLB borrowings as of June 30, 2013 and December 31, 2012 totaled $2.7 million and $2.9 million, respectively, which represented 0.10 percent of total assets as of both dates.

The amount that the FHLB is willing to advance differs based on the quality and character of qualifying collateral pledged by the Bank, and the advance rates for qualifying collateral may be adjusted upwards or downwards by the FHLB from time to time. To the extent deposit renewals and deposit growth are not sufficient to fund maturing and withdrawable deposits, repay maturing borrowings, fund existing and future loans and investment securities and otherwise fund working capital needs and capital expenditures, the Bank may utilize the remaining borrowing capacity from its FHLB borrowing arrangement.

As a means of augmenting its liquidity, the Bank had an available borrowing source of $99.5 million from the Federal Reserve Discount Window (the “Fed Discount Window”), to which the Bank pledged loans with a carrying value of $138.6 million, and had no borrowings as of June 30, 2013. In December 2012, the Bank established a line of credit with Raymond James & Associates, Inc. for reverse repurchase agreements up to a maximum of $100.0 million.

The Bank has Contingency Funding Plans (“CFPs”) designed to ensure that liquidity sources are sufficient to meet its ongoing obligations and commitments, particularly in the event of a liquidity contraction. The CFPs are designed to examine and quantify its liquidity under various “stress” scenarios. Furthermore, the CFPs provide a framework for management and other critical personnel to follow in the event of a liquidity contraction or in anticipation of such an event. The CFPs address authority for activation and decision making, liquidity options and the responsibilities of key departments in the event of a liquidity contraction.

Note 12 — Segment Reporting

Through our branch network and lending units, we provide a broad range of financial services to individuals and companies located primarily in Southern California. These services include demand, time and savings deposits; and commercial and industrial, real estate and consumer lending. While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider all of our operations to be aggregated in one reportable operating segment.

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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.

35

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.

Note 14 — Subsequent Events

Management has evaluated subsequent events through the date of issuance of the financial data included herein. Other than the foregoing, there have been no subsequent events that occurred during such period that would require disclosure in this Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013, or would be required to be recognized in the Consolidated Financial Statements (Unaudited) as of June 30, 2013.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following is management’s discussion and analysis of the major factors that influenced our results of operations and financial condition as of and for the three and six months ended June 30, 2013. This analysis should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2012 (the “2012 Annual Report on Form 10-K”) and with the unaudited consolidated financial statements and notes thereto set forth in this Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013 (this “Report”).

Forward-Looking Statements

Some of the statements under “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this Report constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements in this Report other than statements of historical fact are “forward –looking statements” for purposes of federal and state securities laws, including, but not limited to, statements about anticipated future operating and financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs, plan and availability, plans and objectives of management for future operations, and other similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of such terms and other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statement. These factors include the following:

• failure to maintain adequate levels of capital to support our operations;

• a significant number of customers failing to perform under their loans or other extensions of credit;

• fluctuations in interest rates and a decline in the level of our interest rate spread;

• failure to attract or retain deposits and restrictions on taking brokered deposits;

• sources of liquidity available to us and to Hanmi Bank becoming limited or our potential inability to access sufficient sources of liquidity when needed or the requirement that we obtain government waivers to do so;

• adverse changes in domestic or global financial markets, economic conditions or business conditions;

• regulatory restrictions on Hanmi Bank’s ability to pay dividends to us and on our ability to make payments on our obligations;

• significant reliance on loans secured by real estate and the associated vulnerability to downturns in the local real estate market, natural disasters and other variables impacting the value of real estate;

• our use of appraisals in deciding whether to make loans secured by real property, which does not ensure that the value of the real property collateral will be sufficient to pay our loans;

• failure to attract or retain our key employees;

• credit quality and the effect of credit quality on our provision for credit losses and allowance for loan losses;

• volatility and disruption in financial, credit and securities markets, and the price of our common stock;

• deterioration in financial markets that may result in impairment charges relating to our securities portfolio;

• competition and demographic changes in our primary market areas;

• global hostilities, acts of war or terrorism, including but not limited to, conflict between North Korea and South Korea;

• the effects of litigation against us;

• significant government regulations, legislation and potential changes thereto, including as a result of the Dodd-Frank Act; and

• other risks described herein and in the other reports we file with the Securities and Exchange Commission;

For a discussion of some of the other factors that might cause such a difference, see the discussion contained in this Report under the heading “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Also see “Item 1A. Risk Factors,” “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations-Interest Rate Risk Management” and “Capital Resources and Liquidity” in our 2012 Annual Report on Form 10-K, as well as other factors we identify from time to time in our periodic reports, including our Quarterly Reports on Form 10-Q, filed pursuant to the Exchange Act. We undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date, on which such statements were made, except as required by law.

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Critical Accounting Policies

We have established various accounting policies that govern the application of GAAP in the preparation of our financial statements. Our significant accounting policies are described in the “Notes to Consolidated Financial Statements” in our 2012 Annual Report on Form 10-K. Certain accounting policies require us to make significant estimates and assumptions that have a material impact on the carrying value of certain assets and liabilities, and we consider these critical accounting policies. For a description of these critical accounting policies, see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations — Critical Accounting Policies” in our 2012 Annual Report on Form 10-K. We use estimates and assumptions based on historical experience and other factors that we believe to be reasonable under the circumstances. Actual results could differ significantly from these estimates and assumptions, which could have a material impact on the carrying value of assets and liabilities at the balance sheet dates and our results of operations for the reporting periods. Management has discussed the development and selection of these critical accounting policies with the Audit Committee of Hanmi Financial’s Board of Directors.

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Selected Financial Data

The following tables set forth certain selected financial data for the periods indicated:

	As of and For the
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(In thousands, except share and per share data)
Average balances:
Average gross loans, net of deferred loan fees (1)	$	2,165,741		$	2,003,475		$	2,119,881		$	1,994,273
Average investment securities		423,562			417,202			433,263			420,735
Average interest-earning assets		2,657,629			2,642,428			2,675,425			2,659,085
Average total assets		2,793,505			2,723,432			2,811,614			2,732,485
Average deposits		2,365,887			2,308,193			2,357,389			2,322,733
Average borrowings		19,154			86,509			48,937			86,087
Average interest-bearing liabilities		1,663,951			1,720,781			1,695,406			1,748,995
Average stockholders’ equity		393,741			300,578			388,402			294,092
Per share data:
Earnings per share - basic	$	0.30		$	1.77		$	0.62		$	2.01
Earnings per share - diluted	$	0.30		$	1.77		$	0.62		$	2.00
Common shares outstanding		31,604,837			31,489,201			31,604,837			31,489,201
Book value per share (2)	$	12.51		$	11.07		$	12.51		$	11.07
Performance ratios:
Return on average assets (3) (4)		1.37	%		8.24	%		1.41	%		4.65	%
Return on average stockholders’ equity (3) (5)		9.70	%		74.63	%		10.19	%		43.16	%
Efficiency ratio (6)		56.55	%		61.07	%		56.49	%		63.62	%
Net interest spread (7)		3.81	%		3.45	%		3.68	%		3.36	%
Net interest margin (8)		4.10	%		3.84	%		3.98	%		3.77	%
Average stockholders’ equity to average total assets		14.09	%		11.04	%		13.81	%		10.76	%
Selected capital ratios: (9)
Total risk-based capital ratio:
Hanmi Financial		16.50	%		20.02	%		16.50	%		20.02	%
Hanmi Bank		16.53	%		19.06	%		16.53	%		19.06	%
Tier 1 risk-based capital ratio:
Hanmi Financial		15.23	%		18.74	%		15.23	%		18.74	%
Hanmi Bank		15.26	%		17.79	%		15.26	%		17.79	%
Tier 1 leverage ratio:
Hanmi Financial		12.90	%		14.70	%		12.90	%		14.70	%
Hanmi Bank		12.88	%		13.95	%		12.88	%		13.95	%
Asset quality ratios:
Non-performing loans to gross loans(10)		1.28	%		2.32	%		1.28	%		2.32	%
Non-performing assets to total assets(11)		1.04	%		1.62	%		1.04	%		1.62	%
Net loan charge-offs to average gross loans(12)		0.30	%		2.67	%		0.37	%		2.47	%
Allowance for loan losses to gross loans		2.74	%		3.69	%		2.74	%		3.69	%
Allowance for loan losses to total non-performing loans		214.03	%		159.26	%		214.03	%		159.26	%

(1) Loans are net of deferred fees and related direct costs

(2) Total stockholders’ equity divided by common shares outstanding

(3) Calculation based on annualized net income

(4) Net income divided by average total assets

(5) Net income divided by average stockholders’ equity

(6) Total non-interest expenses divided by the sum of net interest income before provision for credit losses and total non-interest income

(7) Average yield earned on interest-earning assets less average rate paid on interest-bearing liabilities. Computed on a tax-equivalent basis using an effective marginal rate of 35 percent

(8) Net interest income before provision for credit losses divided by average interest-earning assets. Computed on a tax-equivalent basis using an effective marginal rate of 35 percent

(9) The required ratios for a “well-capitalized” institution, as defined by regulations of the Board of Governors of the Federal Reserve System, are 10 percent for the Total Risk-Based Capital Ratio (total capital divided by total risk-weighted assets); 6 percent for the Tier 1 Risk-Based Capital Ratio (Tier 1 capital divided by total risk-weighted assets); and 5 percent for the Tier 1 Leverage Ratio (Tier 1 capital divided by average total assets)

(10) Non-performing loans consist of non-accrual loans and loans past due 90 days or more and still accruing interest

(11) Non-performing assets consist of non-performing loans (see footnote (10) above) and other real estate owned

(12) Calculation based on annualized net loan charge-offs

39

Non-GAAP Financial Measures

Tangible Stockholders’ Equity to Tangible Assets Ratio

The ratio of tangible stockholders’ equity to tangible assets is supplemental financial information determined by a method other than in accordance with GAAP. This non-GAAP measure is used by management in the analysis of Hanmi Bank’s capital strength. Tangible equity is calculated by subtracting goodwill and other intangible assets from total stockholders’ equity. Banking and financial institution regulators also exclude goodwill and other intangible assets from total stockholders’ equity when assessing the capital adequacy of a financial institution. Management believes the presentation of this financial measure excluding the impact of these items provides useful supplemental information that is essential to a proper understanding of the capital strength of Hanmi Financial and the Bank. This disclosure should not be viewed as a substitution for results determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

The following table reconciles this non-GAAP performance measure to the GAAP performance measure as of the dates indicated:

	As of June 30,
	2013			2012
	(In thousands, except share and per share data)
Hanmi Financial Corporation
Total assets	$	2,773,414		$	2,846,652
Less other intangible assets		(1,253	)		(1,417	)
Tangible assets	$	2,772,161		$	2,845,235
Total stockholders’ equity	$	395,396		$	348,456
Less other intangible assets		(1,253	)		(1,417	)
Tangible stockholders’ equity	$	394,143		$	347,039
Total stockholders’ equity to total assets		14.26	%		12.24	%
Tangible common equity to tangible assets		14.22	%		12.20	%
Common shares outstanding		31,604,837			31,489,201
Tangible common equity per common share	$	12.47		$	11.02
	As of June 30,
	2013			2012
	(In thousands)
Hanmi Bank
Total assets	$	2,768,581		$	2,841,441
Less other intangible assets		—			—
Tangible assets	$	2,768,581		$	2,841,441
Total stockholders’ equity	$	378,116		$	407,407
Less other intangible assets		—			—
Tangible stockholders’ equity	$	378,116		$	407,407
Total stockholders’ equity to total assets		13.66	%		14.34	%
Tangible common equity to tangible assets		13.66	%		14.34	%

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Executive Overview

For the second quarter ended June 30, 2013, we recognized consolidated net income of $9.5 million, or $0.30 per diluted share, compared to consolidated net income of $55.8 million, or $1.77 per diluted share, for the second quarter ended June 30, 2012.

• Net interest margin increased to 4.10 percent in the second quarter of 2013, up 24 basis points from 3.86 percent in the first quarter of 2013 and up 26 basis points from 3.84 percent in the second quarter of 2012. Yields on earning assets improved 16 basis points to 4.59 percent, while the cost of interest-bearing liabilities continued to improve by 11 basis points to 0.78 percent during the second quarter of 2013.

• New loan production during the second quarter of 2013 totaled $163.8 million, consisting of $119.5 million of commercial real estate loans including $43.9 million of owner-occupied property loans, $31.2 million of Small Business Administration (“SBA”) loans, $11.9 million of commercial term and lines of credit loans, and $1.2 million of consumer loans.

• Asset quality improved during the second quarter of 2013, with non-performing assets declining to 1.04 percent of total assets. Net charge offs also continued to improve, totaling $1.6 million, or 0.30 percent of average gross loans on an annualized basis.

• The redemption of the remaining $50 million in trust preferred securities (“TPS”) in April 2013 resulted in an interest cost reduction of $510,000 in the second quarter of 2013.

Results of Operations

Net Interest Income

Our primary source of revenue is net interest income, which is the difference between interest and fees derived from earning assets, and interest paid on liabilities obtained to fund those assets. Our net interest income is affected by changes in the level and mix of interest-earning assets and interest-bearing liabilities, referred to as volume changes. Net interest income is also affected by changes in the yields earned on assets and rates paid on liabilities, referred to as rate changes. Interest rates charged on our loans are affected principally by changes to interest rates, the demand for such loans, the supply of money available for lending purposes, and other competitive factors. Those factors are, in turn, affected by general economic conditions and other factors beyond our control, such as federal economic policies, the general supply of money in the economy, legislative tax policies, governmental budgetary matters, and the actions of the Federal Reserve Board.

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The following table shows the average balances of assets, liabilities and stockholders’ equity; the amount of interest income and interest expense; the average yield or rate for each category of interest-earning assets and interest-bearing liabilities; and the net interest spread and the net interest margin for the periods indicated. All average balances are daily average balances.

	Three Months Ended
	June 30, 2013								June 30, 2012
				Interest		Average						Interest		Average
	Average			Income /		Yield /			Average			Income /		Yield /
	Balance			Expense		Rate			Balance			Expense		Rate
	(In thousands)
Assets
Interest-earning assets:
Gross loans, net of deferred loan fees (1)	$	2,165,741		$	27,839		5.16	%	$	2,003,475		$	27,241		5.47	%
Municipal securities-taxable		46,102			454		3.94	%		44,867			442		3.94	%
Municipal securities-tax exempt (2)		10,707			112		4.20	%		13,011			152		4.68	%
Obligations of other U.S. government agencies		93,432			432		1.85	%		77,390			380		1.96	%
Other debt securities		273,321			1,214		1.78	%		281,934			1,368		1.94	%
Equity securities		28,729			343		4.78	%		31,107			176		2.26	%
Federal funds sold		341			—		0.00	%		29,844			31		0.42	%
Term federal funds sold		—			—		0.00	%		70,384			168		0.95	%
Interest-bearing deposits in other banks		39,256			24		0.25	%		90,416			59		0.26	%
Total interest-earning assets		2,657,629			30,418		4.59	%		2,642,428			30,017		4.57	%
Noninterest-earning assets:
Cash and cash equivalents		66,643								71,162
Allowance for loan losses		(61,026	)							(79,089	)
Other assets		130,259								88,931
Total noninterest-earning assets		135,876								81,004
Total assets	$	2,793,505							$	2,723,432
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Deposits:
Savings	$	115,685		$	466		1.62	%	$	111,685		$	586		2.11	%
Money market checking and NOW accounts		591,317			769		0.52	%		514,662			769		0.60	%
Time deposits of $100,000 or more		565,927			1,057		0.75	%		659,176			1,763		1.08	%
Other time deposits		371,868			808		0.87	%		348,749			835		0.96	%
FHLB advances		9,188			41		1.79	%		4,103			43		4.22	%
Junior subordinated debentures		9,966			84		3.38	%		82,406			797		3.89	%
Total interest-bearing liabilities		1,663,951			3,225		0.78	%		1,720,781			4,793		1.12	%
Noninterest-bearing liabilities:
Demand deposits		721,090								673,921
Other liabilities		14,723								28,152
Total noninterest-bearing liabilities		735,813								702,073
Total liabilities		2,399,764								2,422,854
Stockholders’ equity		393,741								300,578
Total liabilities and stockholders’ equity	$	2,793,505							$	2,723,432
Net interest income				$	27,193							$	25,224
Cost of deposits							0.53	%							0.69	%
Net interest spread (3)							3.81	%							3.45	%
Net interest margin (4)							4.10	%							3.84	%

(1) Loans are net of deferred fees and related direct costs, but exclude the allowance for loan losses. Non-accrual loans are included in the average loan balance. Loan fees have been included in the calculation of interest income. Loan fees were $205,000 and $433,000 for the three months ended June 30, 2013 and 2012, respectively.

(2) Computed on a tax-equivalent basis using an effective marginal rate of 35 percent.

(3) Represents the average rate earned on interest-earning assets less the average rate paid on interest-bearing liabilities.

(4) Represents annualized net interest income as a percentage of average interest-earning assets.

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The table below shows changes in interest income and interest expense and the amounts attributable to variations in interest rates and volumes for the periods indicated. The variances attributable to simultaneous volume and rate changes have been allocated to the change due to volume and the change due to rate categories in proportion to the relationship of the absolute dollar amount attributable solely to the change in volume and to the change in rate.

	Three Months Ended June 30, 2013 vs.
	Three Months Ended June 30, 2012
	Increases (Decreases) Due to Change In
	Volume			Rate			Total
				(In thousands)
Interest and dividend income:
Gross loans, net of deferred loan fees	$	2,184		$	(1,586	)	$	598
Municipal securities-taxable		12			(0	)		12
Municipal securities-tax exempt		(25	)		(15	)		(40	)
Obligations of other U.S. government agencies		74			(22	)		52
Other debt securities		(41	)		(113	)		(154	)
Equity securities		(14	)		181			167
Federal funds sold		(15	)		(16	)		(31	)
Term federal funds sold		(84	)		(84	)		(168	)
Interest-bearing deposits in other banks		(32	)		(3	)		(35	)
Total interest and dividend income	$	2,059		$	(1,658	)	$	401
Interest expense:
Savings	$	21		$	(141	)	$	(120	)
Money market checking and NOW accounts		108			(108	)		—
Time deposits of $100,000 or more		(225	)		(481	)		(706	)
Other time deposits		54			(81	)		(27	)
FHLB advances		32			(34	)		(2	)
Junior subordinated debentures		(621	)		(92	)		(713	)
Total interest expense	$	(631	)	$	(937	)	$	(1,568	)
Change in net interest income	$	2,690		$	(721	)	$	1,969

Interest income increased 1.3 percent to $30.4 million for the three months ended June 30, 2013 from $30.0 million for the same period in 2012. Interest expense decreased $1.6 million, or 32.7 percent, to $3.2 million for the three months ended June 30, 2013 compared to $4.8 million for the same period in 2012. For the three months ended June 30, 2013 and 2012, net interest income before credit losses on a tax-equivalent basis was $27.2 million and $25.2 million, respectively. The increase in net interest income before credit losses was primarily attributable to lower deposit costs resulting from the replacement of high-cost time deposits with low-cost deposits and a decrease in interest expense from the redemption of $50 million of TPS. The net interest spread and net interest margin for the three months ended June 30, 2013 were 3.81 percent and 4.10 percent, respectively, compared to 3.45 percent and 3.84 percent, respectively, for the three months ended June 30, 2012.

Average gross loans increased by $162.3 million, or 8.1 percent, to $2.17 billion for the three months ended June 30, 2013 from $2.00 billion for the same period in 2012. Average investment securities increased by $6.4 million, or 1.5 percent, to $423.6 million for the three months ended June 30, 2013 from $417.2 million for the same period in 2012. Average interest-earning assets increased by $15.2 million, or 0.6 percent, to $2.66 billion for the three months ended June 30, 2013 from $2.64 billion for the same period in 2012. The increase in average interest-earning assets was due mainly to an increase in new loan production. Average interest-bearing liabilities decreased $56.8 million to $1.66 billion for the three months ended June 30, 2013, compared to $1.72 billion for the same period in 2012. The decrease in average interest-bearing liabilities resulted primarily from the redemption of $50 million of TPS and the reduction of high-cost time deposits.

The average yield on loans decreased to 5.16 percent for the three months ended June 30, 2013 from 5.47 percent for the same period in 2012. The decrease in loan yields was attributable to new loans originated at lower rates due to high competition in the market. The average yield on investment securities decreased to 2.09 percent for the three months ended June 30, 2013 from 2.25 percent for the same period in 2012. The decrease was mainly attributable to new securities purchased with lower rates. The average yield on interest-earning assets increased by 2 basis points to 4.59 percent for the three months ended June 30, 2013, from 4.57 percent for the same period in 2012, due primarily to on-going investment of funds to higher yielding loans. The average cost on interest-bearing liabilities decreased by 34 basis points to 0.78 percent for the three months ended June 30, 2013 from 1.12 percent for the same period in 2012. This decrease was due primarily to a continued shift in funding sources toward lower-cost funds through disciplined deposit pricing, while reducing wholesale funds and rate sensitive deposits.

43

The following table shows the average balances of assets, liabilities and stockholders’ equity; the amount of interest income and interest expense; the average yield or rate for each category of interest-earning assets and interest-bearing liabilities; and the net interest spread and the net interest margin for the periods indicated. All average balances are daily average balances.

	Six Months Ended
	June 30, 2013								June 30, 2012
				Interest		Average						Interest		Average
	Average			Income /		Yield /			Average			Income /		Yield /
	Balance			Expense		Rate			Balance			Expense		Rate
	(In thousands)
Assets
Interest-earning assets:
Gross loans, net of deferred loan fees (1)	$	2,119,881		$	54,638		5.20	%	$	1,994,273		$	54,783		5.52	%
Municipal securities-taxable		46,106			908		3.94	%		44,427			888		4.00	%
Municipal securities-tax exempt (2)		11,749			258		4.40	%		13,147			310		4.72	%
Obligations of other U.S. government agencies		91,219			854		1.87	%		75,418			705		1.87	%
Other debt securities		284,189			2,454		1.73	%		287,743			2,696		1.87	%
Equity securities		29,528			634		4.29	%		31,789			333		2.10	%
Federal funds sold		3,136			6		0.39	%		15,847			33		0.37	%
Term federal funds sold		—			—		0.00	%		98,434			493		0.94	%
Interest-bearing deposits in other banks		89,617			112		0.25	%		98,007			127		0.26	%
Total interest-earning assets		2,675,425			59,864		4.51	%		2,659,085			60,368		4.57	%
Noninterest-earning assets:
Cash and cash equivalents		66,406								70,204
Allowance for loan losses		(61,828	)							(83,557	)
Other assets		131,611								86,753
Total noninterest-earning assets		136,189								73,400
Total assets	$	2,811,614							$	2,732,485
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Deposits:
Savings	$	114,937		$	924		1.62	%	$	108,681		$	1,159		2.14	%
Money market checking and NOW accounts		579,711			1,489		0.52	%		490,163			1,454		0.60	%
Time deposits of $100,000 or more		580,485			2,232		0.78	%		720,869			4,511		1.26	%
Other time deposits		371,336			1,614		0.88	%		343,195			1,747		1.02	%
FHLB advances		6,056			79		2.63	%		3,681			86		4.70	%
Other Borrowings		—			—		0.00	%		—			1		0.00	%
Junior subordinated debentures		42,881			678		3.19	%		82,406			1,597		3.89	%
Total interest-bearing liabilities		1,695,406			7,016		0.83	%		1,748,995			10,555		1.21	%
Noninterest-bearing liabilities:
Demand deposits		710,920								659,825
Other liabilities		16,886								29,573
Total noninterest-bearing liabilities		727,806								689,398
Total liabilities		2,423,212								2,438,393
Stockholders’ equity		388,402								294,092
Total liabilities and stockholders’ equity	$	2,811,614							$	2,732,485
Net interest income				$	52,848							$	49,813
Cost of deposits							0.54	%							0.77	%
Net interest spread (3)							3.68	%							3.36	%
Net interest margin (4)							3.98	%							3.77	%

44

(1) Loans are net of deferred fees and related direct costs, but exclude the allowance for loan losses. Non-accrual loans are included in the average loan balance. Loan fees have been included in the calculation of interest income. Loan fees were $426,000 and $740,000 for the six months ended June 30, 2013 and 2012, respectively.

(2) Computed on a tax-equivalent basis using an effective marginal rate of 35 percent.

(3) Represents the average rate earned on interest-earning assets less the average rate paid on interest-bearing liabilities.

(4) Represents annualized net interest income as a percentage of average interest-earning assets.

The table below shows changes in interest income and interest expense and the amounts attributable to variations in interest rates and volumes for the periods indicated. The variances attributable to simultaneous volume and rate changes have been allocated to the change due to volume and the change due to rate categories in proportion to the relationship of the absolute dollar amount attributable solely to the change in volume and to the change in rate.

	Six Months Ended June 30, 2013 vs.
	Six Months Ended June 30, 2012
	Increases (Decreases) Due to Change In
	Volume			Rate			Total
				(In thousands)
Interest and dividend income:
Gross loans, net of deferred loan fees	$	1,586		$	(1,731	)	$	(145	)
Municipal securities-taxable		24			(4	)		20
Municipal securities-tax exempt		(31	)		(21	)		(52	)
Obligations of other U.S. government agencies		148			1			149
Other debt securities		(34	)		(208	)		(242	)
Equity securities		(3	)		304			301
Federal funds sold		(27	)		(0	)		(27	)
Term federal funds sold		(247	)		(246	)		(493	)
Interest-bearing deposits in other banks		(11	)		(4	)		(15	)
Total interest and dividend income	$	1,405		$	(1,909	)	$	(504	)
Interest expense:
Savings	$	9		$	(244	)	$	(235	)
Money market checking and NOW accounts		135			(100	)		35
Time deposits of $100,000 or more		(767	)		(1,512	)		(2,279	)
Other time deposits		41			(174	)		(133	)
FHLB advances		18			(25	)		(7	)
Junior subordinated debentures		(668	)		(251	)		(919	)
Total interest expense	$	(1,232	)	$	(2,306	)	$	(3,538	)
Change in net interest income	$	2,637		$	397		$	3,034

Interest income decreased 0.8 percent to $59.9 million for the six months ended June 30, 2013 from $60.4 million for the same period in 2012. Interest expense decreased $3.5 million, or 33.5 percent, to $7.0 million for the six months ended June 30, 2013 compared to $10.6 million for the same period in 2012. For the six months ended June 30, 2013 and 2012, net interest income before credit losses on a tax-equivalent basis was $52.8 million and $49.8 million, respectively. The increase in net interest income before credit losses was primarily attributable to lower deposit costs resulting from the replacement of high-cost time deposits with low-cost deposit and a decrease in interest expense from the full redemption of $80 million of TPS. The net interest spread and net interest margin for the six months ended June 30, 2013 were 3.68 percent and 3.98 percent, respectively, compared to 3.36 percent and 3.77 percent, respectively, for the six months ended June 30, 2012.

Average gross loans increased by $125.6 million, or 6.3 percent, to $2.12 billion for the six months ended June 30, 2013 from $1.99 billion for the same period in 2012. Average investment securities increased by $12.5 million, or 3.0 percent, to $433.3 million for the six months ended June 30, 2013 from $420.7 million for the same period in 2012. Average interest-earning assets increased by $16.3 million, or 0.6 percent, to $2.68 billion for the six months ended June 30, 2013 from $2.66 billion for the same period in 2012. The increase in average interest-earning assets was due mainly to an increase in new loan production. Average interest bearing liabilities decreased $53.6 million to $1.70 billion for the six months ended June 30, 2013, compared to $1.75 billion for the same period in 2012. The decrease in average interest-bearing liabilities resulted primarily from the full redemption of $80 million of TPS and the reduction of high-cost time deposits.

The average yield on loans decreased to 5.20 percent for the six months ended June 30, 2013 from 5.52 percent for the same period in 2012. The decrease in loan yields was attributable to new loans originated at lower rates due to high competition in the market. The average yield on investment securities decreased to 2.07 percent for the six months ended June 30, 2013 from 2.19 percent for the same period in 2012. The decrease was due mainly to the decrease in interest income from other debt securities. The average yield on interest-earning assets decreased by 6 basis points to 4.51 percent for the six months ended

45

June 30, 2013, from 4.57 percent for the same period in 2012, due primarily to new loans generated with lower rates. The average cost on interest-bearing liabilities decreased by 38 basis points to 0.83 percent for the six months ended June 30, 2013 from 1.21 percent for the same period in 2012. This decrease was due primarily to a continued shift in funding sources toward lower-cost funds through disciplined deposit pricing, while reducing wholesale funds and rate sensitive deposits.

Provision for Credit Losses

For the three months ended June 30, 2013 and 2012, the provisions for credit losses were zero and $4.0 million, respectively. For the six months ended June 30, 2013 and 2012, the provisions for credit losses were zero and $6.0 million, respectively. Net charge-offs decreased by $11.8 million, or 87.9 percent, to $1.6 million for the three months ended June 30, 2013 from $13.4 million for the same period in 2012. Net charge-offs decreased by $20.8 million, or 84.1 percent, to $3.9 million for the six months ended June 30, 2013 from $24.7 million for the same period in 2012. Non-performing loans decreased to $28.0 million at June 30, 2013 from $45.1 million at June 30, 2012, representing 1.28 percent and 2.32 percent of gross loans, respectively. See “—Financial Condition—Non-Performing Assets” and “—Financial Condition—Allowance for Loan Losses and Allowance for Off-Balance Sheet Items” for further details.

Non-Interest Income

The following table sets forth the various components of non-interest income for the periods indicated:

	Three Months Ended
	June 30,						Increase (Decrease)
	2013			2012			Amount			Percentage
	(In thousands)
Service charges on deposit accounts	$	2,884		$	2,936		$	(52	)		-1.77	%
Insurance commissions		1,418			1,294			124			9.58	%
Remittance fees		541			487			54			11.09	%
Trade finance fees		276			292			(16	)		-5.48	%
Other service charges and fees		335			380			(45	)		-11.84	%
Bank-owned life insurance income		233			238			(5	)		-2.10	%
Gain on sales of SBA loans guaranteed portion		2,378			5,473			(3,095	)		-56.55	%
Net loss on sales of other loans		(460	)		(5,326	)		4,866			-91.36	%
Net gain on sales of investment securities		303			1,381			(1,078	)		-78.06	%
Other-than-temporary impairment loss on investment securities		—			(116	)		116			-100.00	%
Other operating income		242			150			92			61.33	%
Total non-interest income	$	8,150		$	7,189		$	961			13.37	%

Non-interest income increased to $8.2 million for the three months ended June 30, 2013, compared to $7.2 million for the same period in 2012. Non-interest income as a percentage of average assets was 1.17 percent for the three months ended June 30, 2013, up from 1.06 percent of average assets for the same period in 2012.

One of our largest sources of non-interest income for the three months ended June 30, 2013 was a net gain from selling the guaranteed portions of SBA loans, which totaled $2.4 million, or 29.2 percent of total non-interest income, compared to $5.5 million, or 76.1 percent of total non-interest income for the same period in 2012. The Company sold $26.6 million and $65.2 million of the guaranteed portions of SBA loans during the three months ended June 30, 2013 and 2012, respectively. Net loss on sales of other loans, which includes the valuation adjustment to loans held for sale, decreased to $460,000 for the three months ended June 30, 2013 from $5.3 million for the same period in 2012. The sale of other loans decreased significantly to $4.4 million for the three months ended June 30, 2013 from $44.3 million for the three months ended June 30, 2012. The decrease in net loss on sales of other loans was due primarily to continuing improvement in asset quality.

46

The following table sets forth the various components of non-interest income for the periods indicated:

	Six Months Ended
	June 30,						Increase (Decrease)
	2013			2012			Amount			Percentage
	(In thousands)
Service charges on deposit accounts	$	5,932		$	6,104		$	(172	)		-2.82	%
Insurance commissions		2,631			2,530			101			3.99	%
Remittance fees		1,038			941			97			10.31	%
Trade finance fees		553			584			(31	)		-5.31	%
Other service charges and fees		733			744			(11	)		-1.48	%
Bank-owned life insurance income		463			637			(174	)		-27.32	%
Gain on sales of SBA loans guaranteed portion		5,070			5,473			(403	)		-7.36	%
Net loss on sales of other loans		(557	)		(7,719	)		7,162			-92.78	%
Net gain on sales of investment securities		312			1,382			(1,070	)		-77.42	%
Other-than-temporary impairment loss on investment securities		—			(116	)		116			-100.00	%
Other operating income		332			262			70			26.72	%
Total non-interest income	$	16,507		$	10,822		$	5,685			52.53	%

Non-interest income increased to $16.5 million for the six months ended June 30, 2013, compared to $10.8 million for the same period in 2012. Non-interest income as a percentage of average assets was 1.18 percent for the six months ended June 30, 2013, up from 0.80 percent of average assets for the same period in 2012.

One of our largest sources of non-interest income for the six months ended June 30, 2013 was a net gain from selling the guaranteed portions of SBA loans, which totaled $5.1 million compared to $5.5 million for the same period in 2012. The Company sold $53.8 million and $65.2 million of the guaranteed portions of SBA loans during the six months ended June 30, 2013 and 2012, respectively. Net loss on sales of other loans, which includes the valuation adjustment to loans held for sale, decreased to $557,000 for the six months ended June 30, 2013 from $7.7 million for the same period in 2012. The sale of other loans decreased significantly to $5.9 million for the six months ended June 30, 2013 from $73.0 million for the same period in 2012. The decrease in net loss on sales of other loans was due primarily to a direct result of our management’s effort to reduce problem and non-performing assets and continuing improvement in asset quality.

Non-Interest Expense

The following table sets forth the breakdown of non-interest expense for the periods indicated:

	Three Months Ended
	June 30,					Increase (Decrease)
	2013			2012		Amount			Percentage
	(In thousands)
Salaries and employee benefits	$	9,415		$	9,449	$	(34	)		-0.36	%
Occupancy and equipment		2,555			2,621		(66	)		-2.52	%
Deposit insurance premiums and regulatory assessments		517			1,498		(981	)		-65.49	%
Data processing		1,142			1,298		(156	)		-12.02	%
Other real estate owned expense		(20	)		69		(89	)		-128.99	%
Professional fees		2,365			1,089		1,276			117.17	%
Directors and officers liability insurance		219			295		(76	)		-25.76	%
Supplies and communications		630			576		54			9.38	%
Advertising and promotion		1,005			1,009		(4	)		-0.40	%
Loan-related expense		91			88		3			3.41	%
Amortization of other intangible assets		41			45		(4	)		-8.89	%
Other operating expenses		2,004			1,726		278			16.11	%
Total non-interest expense	$	19,964		$	19,763	$	201			1.02	%

Non-interest expense increased to $20.0 million for the three months ended June 30, 2013, compared to $19.8 million for the same period in 2012. Non-interest expense as a percentage of average assets was 2.86 percent for the three months ended June 30, 2013, down from 2.90 percent of average assets for the same period in 2012.

Professional fees increased by $1.3 million, or 117.2 percent, to $2.4 million for the three months ended June 30, 2013, compared to $1.1 million for the same period in 2012, due mainly to legal expenses incurred in defending lawsuits in the ordinary course of business, as well as professional and legal expenses related to reviews of potential strategic transactions. Reflecting lower premium and assessment rates as a result of overall improvement in our financial condition, deposit insurance premiums and regulatory assessments decreased by $981,000, or 65.5 percent, to $517,000 for the three months ended June 30, 2013 compared to $1.5 million for the same period in 2012.

47

The following table sets forth the breakdown of non-interest expense for the periods indicated:

	Six Months Ended
	June 30,				Increase (Decrease)
	2013		2012		Amount			Percentage
	(In thousands)
Salaries and employee benefits	$	18,766	$	18,559	$	207			1.12	%
Occupancy and equipment		5,111		5,216		(105	)		-2.01	%
Deposit insurance premiums and regulatory assessments		751		2,899		(2,148	)		-74.09	%
Data processing		2,312		2,551		(239	)		-9.37	%
Other real estate owned expense		12		25		(13	)		-52.00	%
Professional fees		4,521		1,838		2,683			145.97	%
Directors and officers liability insurance		439		592		(153	)		-25.84	%
Supplies and communications		1,125		1,134		(9	)		-0.79	%
Advertising and promotion		1,677		1,610		67			4.16	%
Loan-related expense		237		288		(51	)		-17.71	%
Amortization of other intangible assets		82		116		(34	)		-29.31	%
Other operating expenses		4,098		3,681		417			11.33	%
Total non-interest expense	$	39,131	$	38,509	$	622			1.62	%

Non-interest expense increased to $39.1 million for the six months ended June 30, 2013, compared to $38.5 million for the same period in 2012. Non-interest expense as a percentage of average assets was 2.80 percent for the six months ended June 30, 2013, down from 2.83 percent of average assets for the same period in 2012.

Professional fees increased by $2.7 million, or 146.0 percent, to $4.5 million for the six months ended June 30, 2013, compared to $1.8 million for the same period in 2012, due mainly to legal expenses incurred in defending lawsuits in the ordinary course of business, as well as professional and legal expenses related to reviews of potential strategic transactions. Reflecting lower premium and assessment rates as a result of overall improvement in our financial condition, deposit insurance premiums and regulatory assessments decreased by $2.1 million, or 74.1 percent, to $751,000 for the six months ended June 30, 2013 compared to $2.9 million for the same period in 2012.

Provision for Income Taxes

For the six months ended June 30, 2013, income tax expenses of $10.5 million were recognized on pre-tax income of $30.1 million, representing an effective tax rate of 34.9 percent, compared to income tax benefit of $47.1 million on pre-tax income of $16.0 million, representing an effective tax rate of (294.0) percent, for the same period in 2012.

Financial Conditions

Investment Portfolio

Investment securities are classified as held-to-maturity or available-for-sale in accordance with GAAP. Those securities that we have the ability and the intent to hold to maturity are classified as “held-to-maturity.” All other securities are classified as “available-for-sale.” There were no trading or held-to-maturity securities as of June 30, 2013 and December 31, 2012. Securities classified as held-to-maturity are stated at cost, adjusted for amortization of premiums and accretion of discounts, and available-for-sale securities are stated at fair value. The composition of our investment portfolio reflects our investment strategy of providing a relatively stable source of interest income while maintaining an appropriate level of liquidity. The investment portfolio also provides a source of liquidity by pledging as collateral or through repurchase agreement and collateral for certain public funds deposits.

As of June 30, 2013, the investment portfolio was composed primarily of mortgage-backed securities, U.S. government agency securities, and collateralized mortgage obligations. Investment securities available-for-sale were 100 percent of the investment portfolio as of June 30, 2013 and December 31, 2012. Most of the securities carried fixed interest rates. Other than holdings of U.S. government agency securities, there were no investments in securities of any one issuer exceeding 10 percent of stockholders’ equity as of June 30, 2013 and December 31, 2012.

As of June 30, 2013, securities available-for-sale were $400.8 million, or 14.5 percent of assets, compared to $451.1 million, or 15.6 percent of assets, as of December 31, 2012. For the six months ended June 30, 2013, securities available-for-sale decreased by $50.2 million, or 11.1 percent, from $451.1 million as of December 31, 2012, in the form of sales, calls, prepayments and scheduled amortization.

48

The following table summarizes the amortized cost, estimated fair value and unrealized gain (loss) on investment securities as of the dates indicated:

	June 30, 2013							December 31, 2012
			Estimated		Unrealized					Estimated		Unrealized
	Amortized		Fair		Gain			Amortized		Fair		Gain
	Cost		Value		(Loss)			Cost		Value		(Loss)
	(In thousands)
Securities available-for-sale:
Mortgage-backed securities (1)	$	125,177	$	124,618	$	(559	)	$	157,185	$	160,326	$	3,141
Collateralized mortgage obligations (1)		83,955		84,848		893			98,821		100,487		1,666
U.S. government agency securities		98,853		97,604		(1,249	)		92,990		93,118		128
Municipal bonds-tax exempt		10,166		10,651		485			12,209		12,812		603
Municipal bonds-taxable		44,053		45,546		1,493			44,248		46,142		1,894
Corporate bonds		20,475		20,375		(100	)		20,470		20,400		(70	)
SBA loan pool securities		13,842		13,501		(341	)		14,104		14,026		(78	)
Other securities		3,025		2,933		(92	)		3,331		3,357		26
Equity securities		354		739		385			354		392		38
Total securities available-for-sale:	$	399,900	$	400,815	$	915		$	443,712	$	451,060	$	7,348

(1) Collateralized by residential mortgages and guaranteed by U.S. government sponsored entities.

The amortized cost and estimated fair value of investment securities as of June 30, 2013, by contractual maturity, are shown below. Although mortgage-backed securities and collateralized mortgage obligations have contractual maturities through 2042, expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Available-for-Sale
	Amortized		Estimated
	Cost		Fair Value
	(In thousands)
Within one year	$	—	$	—
Over one year through five years		29,404		29,406
Over five years through ten years		111,880		111,811
Over ten years		49,130		49,393
Mortgage-backed securities		125,177		124,618
Collateralized mortgage obligations		83,955		84,848
Equity securities		354		739
Total	$	399,900	$	400,815

FASB ASC 320, “Investments – Debt and Equity Securities,” requires us to periodically evaluate our investments for other-than-temporary impairment (“OTTI”). There was no OTTI charge during the six months ended June 30, 2013.

49

Gross unrealized losses on investment securities available-for-sale, the estimated fair value of the related securities and the number of securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows as of June 30, 2013 and December 31, 2012:

	Holding Period
	Less Than 12 Months						12 Months or More						Total
	Gross		Estimated		Number		Gross		Estimated		Number		Gross		Estimated		Number
	Unrealized		Fair		of		Unrealized		Fair		of		Unrealized		Fair		of
	Loss		Value		Securities		Loss		Value		Securities		Loss		Value		Securities
	(In thousands, except number of securities)
June 30, 2013:
Mortgage-backed securities	$	1,871	$	79,024		26	$	—	$	—		—	$	1,871	$	79,024		26
Collateralized mortgage obligations		521		25,134		10		—		—		—		521		25,134		10
U.S. government agency securities		1,267		89,068		31		—		—		—		1,267		89,068		31
Municipal bonds-taxable		183		7,485		6		3		444		1		186		7,929		7
Corporate bonds		108		4,880		1		168		10,819		3		276		15,699		4
SBA loan pool securities		341		13,501		4		—		—		—		341		13,501		4
Other securities		10		2,016		4		83		918		1		93		2,934		5
Total	$	4,301	$	221,108		82	$	254	$	12,181		5	$	4,555	$	233,289		87
December 31, 2012:
Mortgage-backed securities	$	186	$	28,354		10	$	—	$	—		—	$	186	$	28,354		10
Collateralized mortgage obligations		109		14,344		5		—		—		—		109		14,344		5
U.S. government agency securities		94		26,894		9		—		—		—		94		26,894		9
Municipal bonds-taxable		126		4,587		4		9		1,964		3		135		6,551		7
Corporate bonds		—		—		—		246		10,738		3		246		10,738		3
SBA loan pool securities		82		11,004		3		—		—		—		82		11,004		3
Other securities		1		12		1		46		953		1		47		965		2
Equity securities		40		96		1		—		—		—		40		96		1
Total	$	638	$	85,291		33	$	301	$	13,655		7	$	939	$	98,946		40

All individual securities that have been in a continuous unrealized loss position for 12 months or longer as of June 30, 2013 and December 31, 2012 had investment grade ratings upon purchase. The issuers of these securities have not established any cause for default on these securities and the various rating agencies have reaffirmed these securities’ long-term investment grade status as of June 30, 2013. These securities have fluctuated in value since their purchase dates as market interest rates have fluctuated.

FASB ASC 320 requires other-than-temporarily impaired investment securities to be written down when fair value is below amortized cost in circumstances where: (1) an entity has the intent to sell a security; (2) it is more likely than not that an entity will be required to sell the security before recovery of its amortized cost basis; or (3) an entity does not expect to recover the entire amortized cost basis of the security. If an entity intends to sell a security or if it is more likely than not the entity will be required to sell the security before recovery, an OTTI write-down is recognized in earnings equal to the entire difference between the security’s amortized cost basis and its fair value. If an entity does not intend to sell the security or it is not more likely than not that it will be required to sell the security before recovery, the OTTI write-down is separated into an amount representing credit loss, which is recognized in earnings, and the amount related to all other factors, which is recognized in other comprehensive income.

The Company does not intend to sell these securities and it is not more likely than not that we will be required to sell the investments before the recovery of its amortized cost basis. In addition, the unrealized losses on municipal and corporate bonds are not considered other-than-temporarily impaired, as the bonds are rated investment grade and there are no credit quality concerns with the issuers. Interest payments have been made as scheduled, and management believes this will continue in the future and that the bonds will be repaid in full as scheduled. Therefore, in management’s opinion, all securities that have been in a continuous unrealized loss position for the past 12 months or longer as of June 30, 2013 and December 31, 2012 were not other-than-temporarily impaired, and therefore, no impairment charges as of June 30, 2013 and December 31, 2012 were warranted.

Investment securities available-for-sale with carrying values of $55.7 million and $18.2 million as of June 30, 2013 and December 31, 2012, respectively, were pledged to secure FHLB advances, public deposits and for other purposes as required or permitted by law.

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Loan Portfolio

The following table shows the loan composition by type, excluding loans held for sale, as of the dates indicated:

	June  30, 2013			December  31, 2012			Increase (Decrease)
							Amount			Percentage
	(In thousands)
Real estate loans:
Commercial property	$	887,782		$	787,094		$	100,688			12.8	%
Residential property		88,654			101,778			(13,124	)		-12.9	%
Total real estate loans		976,436			888,872			87,564			9.9	%
Commercial and lndustrial loans:
Commercial term		940,555			884,364			56,191			6.4	%
Commercial lines of credit		45,195			56,121			(10,926	)		-19.5	%
SBA loans		157,240			148,306			8,934			6.0	%
International loans		32,583			34,221			(1,638	)		-4.8	%
Total commercial and industrial loans		1,175,573			1,123,012			52,561			4.7	%
Consumer loans (1)		35,380			36,676			(1,296	)		-3.5	%
Total gross loans		2,187,389			2,048,560			138,829			6.8	%
Allowance for loans losses		(59,876	)		(63,305	)		3,429			-5.4	%
Deferred loan fees		695			796			(101	)		-12.7	%
Loans receivable, net	$	2,128,208		$	1,986,051		$	142,157			7.2	%

(1) Consumer loans include home equity line of credit.

As of June 30, 2013 and December 31, 2012, loans receivable (excluding loans held for sale), net of deferred loan fees and allowance for loan losses, totaled $2.13 billion and $1.99 billion, respectively, representing an increase of $142.2 million, or 7.2 percent. Gross loans increased by $138.8 million, or 6.8 percent, to $2.19 billion as of June 30, 2013, from $2.05 billion as of December 31, 2012. The increase was attributable to increases in real estate loans by 9.9 percent, commercial term loans by 6.4 percent, and SBA loans by 6.0 percent from the year ended December 31, 2012. The increase was partially offset by a decline in commercial lines of credit by 19.5 percent.

During the six months ended June 30, 2013, total loan disbursement consisted of $257.6 million in commercial real estate loans, $67.3 million in SBA loans and $16.9 million in commercial and industrial loans. The increase was offset by decreases in loans resulting from $53.2 million of transfers to loans held for sale, $6.5 million of gross charge-offs, $143.9 million of pay-offs and other net amortizations.

As of June 30, 2013, our loan portfolio included the following concentrations of loans to one type of industry that were greater than 10 percent of gross loans outstanding:

			Percentage of
	Balance as of		Gross Loans
Industry	June 30, 2013		Outstanding
	(In thousands)
Lessor of non-residential buildings	$	556,363		25.41	%
Accommodation/hospitality	$	366,743		16.74	%
Gasoline stations	$	300,161		13.71	%

There was no other concentration of loans to any one type of industry exceeding 10 percent of gross loans outstanding.

Non-Performing Assets

Non-performing loans consist of loans on non-accrual status and loans 90 days or more past due and still accruing interest. Non-performing assets consist of non-performing loans and other real estate owned (“OREO”). Loans are placed on non-accrual status when, in the opinion of management, the full timely collection of principal or interest is in doubt. Generally, the accrual of interest is discontinued when principal or interest payments become more than 90 days past due, unless management believes the loan is adequately collateralized and in the process of collection. However, in certain instances, we may place a particular loan on non-accrual status earlier, depending upon the individual circumstances surrounding the loan’s delinquency. When an asset is placed on non-accrual status, previously accrued but unpaid interest is reversed against current income. Subsequent collections of cash are applied as principal reductions when received, except when the ultimate collectability of principal is probable, in which case interest payments are credited to income. Non-accrual assets may be restored to accrual status when principal and interest become current and full repayment is expected. Interest income is recognized on the accrual basis for impaired loans not meeting the criteria for non-accrual. OREO consists of properties acquired by foreclosure or similar means that management intends to offer for sale.

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Except for non-performing loans set forth below, management is not aware of any loans as of June 30, 2013 and December 31, 2012 for which known credit problems of the borrower would cause serious doubts as to the ability of such borrowers to comply with their present loan repayment terms, or any known events that would result in the loan being designated as non-performing at some future date. Management cannot, however, predict the extent to which a deterioration in general economic conditions, real estate values, increases in general rates of interest, or changes in the financial condition or business of borrower may adversely affect a borrower’s ability to pay.

The following table provides information with respect to the components of non-performing assets as of the dates indicated:

	June  30, 2013			December  31, 2012			Increase (Decrease)
							Amount			Percentage
	(In thousands)
Non-performing loans:
Real estate loans:
Commercial property
Retail	$	—		$	1,079		$	(1,079	)		-100.0	%
Land		1,612			2,097			(485	)		-23.1	%
Residential property		1,620			1,270			350			27.6	%
Commercial and industrial loans:
Commercial term
Unsecured		6,209			8,311			(2,102	)		-25.3	%
Secured by real estate		5,389			8,679			(3,290	)		-37.9	%
Commercial lines of credit		1,052			1,521			(469	)		-30.8	%
SBA loans		10,596			12,563			(1,967	)		-15.7	%
Consumer loans		1,497			1,759			(262	)		-14.9	%
Total non-accrual loans		27,975			37,279			(9,304	)		-25.0	%
Loans 90 days or more past due and still accruing		—			—			—			0.0	%
Total non-performing loans (1) (2)		27,975			37,279			(9,304	)		-25.0	%
Other real estate owned		900			774			126			16.3	%
Total non-performing assets	$	28,875		$	38,053		$	(9,178	)		-24.1	%
Non-performing loans as a percentage of total gross loans		1.28	%		1.82	%
Non-performing assets as a percentage of total assets		1.04	%		1.32	%
Total debt restructured performing loans	$	15,623		$	16,980

(1) Includes non-performing troubled debt restructured loans of $13.4.0 million and $18.8 million as of June 30, 2013 and December 31, 2012, respectively

(2) Excludes loans held for sale

Non-accrual loans, excluding loans held for sale, totaled $28.0 million as of June 30, 2013, compared to $37.3 million as of December 31, 2012, representing a 25.0 percent decrease. Delinquent loans (defined as 30 days or more past due) were $14.9 million as of June 30, 2013, compared to $16.5 million as of December 31, 2012, representing a 9.5 percent decrease. As of June 30, 2013, delinquent loans of $12.3 million were included in non-performing loans. The $14.1 million of delinquent loans as of December 31, 2012 was included in non-performing loans. During the six months ended June 30, 2013, loans totaling $6.3 million were placed on non-accrual status. The additions to non-accrual loans were offset by $5.7 million in transfers to loans held for sale, $4.2 million in charge-offs, $2.5 million in principal paydowns and payoffs, $1.4 million in upgrades to accrual, $1.2 million in note sales, and $670,000 in SBA guaranteed portions received.

The ratio of non-performing loans to gross loans also decreased to 1.28 percent at June 30, 2013 from 1.82 percent at December 31, 2012. During the same period, our allowance for loan losses decreased by $3.4 million, or 5.4 percent, to $59.9 million from $63.3 million. Of the $28.0 million non-performing loans, approximately $23.3 million were impaired based on the definition contained in FASB ASC 310, “Receivables,” which resulted in aggregate impairment reserve of $4.9 million as of June 30, 2013. We calculate our allowance for the collateral-dependent loans as the difference between the outstanding loan balance and the value of the collateral as determined by recent appraisals less estimated costs to sell. The allowance for collateral-dependent loans varies from loan to loan based on the collateral coverage of the loan at the time of designation as non-performing. We continue to monitor the collateral coverage, based on recent appraisals, on these loans on a quarterly basis and adjust the allowance accordingly.

As of June 30, 2013, OREO consisted of two properties in Virginia and California with a combined carrying value of $900,000 and a valuation adjustment of $126,000. As of December 31, 2012, there were two properties located in Illinois and Virginia with a combined carrying value of $774,000 and no valuation adjustment.

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We evaluate loan impairment in accordance with applicable GAAP. Loans are considered impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement, including scheduled interest payments. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as an expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent, less costs to sell. If the measure of the impaired loan is less than the recorded investment in the loan, the deficiency will be charged off against the allowance for loan losses or, alternatively, a specific allocation will be established. Additionally, impaired loans are specifically excluded from the quarterly migration analysis when determining the amount of the allowance for loan losses required for the period.

The following table provides information on impaired loans as of the dates indicated:

	Recorded Investment		Unpaid Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Related Allowance
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	1,818	$	1,818	$	1,818	$	—	$	—
Land		1,612		1,902		1,612		—		—
Other		523		523		—		523		28
Construction		—		—		—		—		—
Residential property		3,019		3,091		3,019		—		—
Commercial and industrial loans:
Commercial term
Unsecured		12,689		13,742		3,440		9,249		3,863
Secured by real estate		16,492		17,649		15,887		605		119
Commercial lines of credit		1,052		1,259		1,052		—		—
SBA loans		5,541		8,832		3,363		2,178		998
International loans		1,281		1,280		572		709		31
Consumer loans		1,647		1,718		457		1,190		385
Total gross loans	$	45,674	$	51,814	$	31,220	$	14,454	$	5,424
December 31, 2012
Real estate loans:
Commercial property
Retail	$	2,930	$	3,024	$	2,930	$	—	$	—
Land		2,097		2,307		2,097		—		—
Other		527		527		—		527		67
Construction		—		—		—		—		—
Residential property		3,265		3,308		1,866		1,399		94
Commercial and industrial loans:
Commercial term
Unsecured		14,532		15,515		6,826		7,706		2,144
Secured by real estate		22,050		23,221		9,520		12,530		2,319
Commercial lines of credit		1,521		1,704		848		673		230
SBA loans		6,170		10,244		4,294		1,876		762
International loans		—		—		—		—		—
Consumer loans		1,652		1,711		449		1,203		615
Total gross loans	$	54,744	$	61,561	$	28,830	$	25,914	$	6,231

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	Average Recorded Investment for the Three Months Ended		Interest Income Recognized for the Three Months Ended		Average Recorded Investment for the Six  Months Ended		Interest Income Recognized for the Six Months Ended
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	1,823	$	18	$	2,309	$	44
Land		1,637		40		1,674		80
Other		524		6		525		10
Construction		—		—		—		—
Residential property		3,027		31		3,043		59
Commercial and industrial loans:
Commercial term
Unsecured		12,933		221		13,093		406
Secured by real estate		16,539		305		17,026		618
Commercial lines of credit		1,060		9		1,286		24
SBA loans		5,595		281		6,034		554
International loans		1,330		—		1,414		—
Consumer loans		1,649		15		1,646		27
Total gross loans	$	46,117	$	926	$	48,050	$	1,822
June 30, 2012
Real estate loans:
Commercial property
Retail	$	2,546	$	19	$	1,945	$	48
Land		2,137		45		2,175		91
Other		878		11		1,138		33
Construction		7,983		89		8,090		178
Residential property		3,177		48		3,259		84
Commercial and industrial loans:
Commercial term
Unsecured		13,474		192		14,257		430
Secured by real estate		19,021		525		22,756		958
Commercial lines of credit		1,788		22		1,835		30
SBA loans		8,336		286		8,150		483
Consumer loans		1,402		2		903		10
Total gross loans	$	60,742	$	1,239	$	64,508	$	2,345

The following is a summary of interest foregone on impaired loans for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2013			2012			2013			2012
	(In thousands)
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	$	1,057		$	1,505		$	2,125		$	2,933
Less: Interest income recognized on impaired loans		(926	)		(1,239	)		(1,822	)		(2,345	)
Interest foregone on impaired loans	$	131		$	266		$	303		$	588

For the six months ended June 30, 2013, we restructured monthly payments for 13 loans, with a net carrying value of $2.7 million at the time of modification, which we subsequently classified as troubled debt restructured loans. Temporary payment structure modifications included, but were not limited to, extending the maturity date, reducing the amount of principal and/or interest due monthly, and/or allowing for interest only monthly payments for six months or less. As of June 30, 2013, troubled debt restructurings on accrual status totaled $15.6 million, all of which were temporary interest rate and payment reductions and extensions of maturity, and a $378,000 reserve relating to these loans is included in the allowance for loan losses. For the restructured loans on accrual status, we determined that, based on the financial capabilities of the borrowers at the time of the loan restructuring and the

54

borrowers’ past performance in the payment of debt service under the previous loan terms, performance and collection under the revised terms is probable. As of June 30, 2013, troubled debt restructuring on non-accrual status totaled $13.4 million, and a $3.0 million reserve relating to these loans is included in the allowance for loan losses.

As of December 31, 2012, troubled debt restructurings on accrual status totaled $17.0 million, all of which were temporary interest rate and payment reductions, and a $1.5 million reserve relating to these loans was included in the allowance for loan losses. As of December 31, 2012, troubled debt restructuring on non-accrual status totaled $18.8 million, and a $2.1 million reserve relating to these loans was included in the allowance for loan losses.

Allowance for Loan Losses and Allowance for Off-Balance Sheet Items

Provisions to the allowance for loan losses are made quarterly to recognize probable loan losses. The quarterly provision is based on the allowance need, which is determined through analysis involving quantitative calculations based on historic loss rates for general reserves and individual impairment calculations for specific allocations to impaired loans as well as qualitative adjustments.

In the first quarter of 2010, the look-back period was reduced from twelve quarters to eight quarters, with 60 percent weighting given to the most recent four quarters and 40 percent to the oldest four quarters, to place greater emphasis on losses taken by the Bank during the economic downturn. In the second quarter of 2013, management reevaluated the look-back period and restored the twelve quarter look-back period in order to capture a period of higher losses that would have otherwise been excluded. Risk factor calculations are weighted at 50 percent for the most recent four quarters, 33 percent for the next four quarters, and 17 percent for the oldest four quarters. As homogenous loans are bulk graded, the risk grade is not factored into the historical loss analysis. The change in methodology maintained the Bank’s allowance at a level consistent with prior quarter. Under the previous methodology, the Bank would have recognized a negative provision of $5.9 million, which the Bank did not consider to be prudent, given the uncertainty in the economy.

To determine general reserve requirements, existing loans are divided into 11 general loan pools of risk-rated loans as well as 3 homogenous loan pools. For risk-rated loans, migration analysis allocates historical losses by loan pool and risk grade to determine risk factors for potential loss inherent in the current loan portfolio. In addition, specific reserves are allocated for loans deemed “impaired.”

When determining the appropriate level for allowance for loan losses, management considers qualitative adjustments for any factors that are likely to cause estimated credit losses associated with the Bank’s current portfolio to differ from historical loss experience, including, but not limited to, national and local economic and business conditions, volume and geographic concentrations, and problem loan trends.

To systematically quantify the credit risk impact of trends and changes within the loan portfolio, a credit risk matrix is utilized. The qualitative factors are considered on a loan pool by loan pool basis subsequent to, and in conjunction with, a loss migration analysis. The credit risk matrix provides various scenarios with positive or negative impact on the portfolio along with corresponding basis points for qualitative adjustments.

The following table reflects our allocation of allowance for loan losses by loan category as well as the loans receivable for each loan type:

	June 30, 2013				December 31, 2012
	Allowance		Loans		Allowance		Loans
	Amount		Receivable		Amount		Receivable
	(In thousands)
Real estate loans:
Commercial property	$	17,591	$	887,782	$	17,109	$	787,094
Residential property		889		88,654		1,071		101,778
Total real estate loans		18,480		976,436		18,180		888,872
Commercial and industrial loans		39,034		1,175,573		41,928		1,123,012
Consumer loans		1,884		35,380		2,280		36,676
Unallocated		478		—		917		—
Total	$	59,876	$	2,187,389	$	63,305	$	2,048,560

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The following table sets forth certain information regarding our allowance for loan losses and allowance for off-balance sheet items for the periods presented. Allowance for off-balance sheet items is determined by applying reserve factors according to loan pool and grade as well as actual current commitment usage figures by loan type to existing contingent liabilities.

	As of and for the									As of and for the
	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2013			2013			2012			2013			2012
	(In thousands)
Allowance for loan losses:
Balance at beginning of period	$	61,191		$	63,305		$	81,052		$	63,305		$	89,936
Actual charge-offs		(3,490	)		(3,024	)		(14,716	)		(6,514	)		(27,037	)
Recoveries on loans previously charged cff		1,867			714			1,324			2,581			2,361
Net loan charge-offs		(1,623	)		(2,310	)		(13,392	)		(3,933	)		(24,676	)
Provision charged to operating expense		308			196			4,233			504			6,633
Balance at end of period	$	59,876		$	61,191		$	71,893		$	59,876		$	71,893
Allowance for off-balance sheet items:
Balance at beginning of period	$	1,628		$	1,824		$	2,581		$	1,822		$	2,981
Provision charged to operating expense		(308	)		(196	)		(233	)		(504	)		(633	)
Balance at end of period	$	1,320		$	1,628		$	2,348		$	1,318		$	2,348
Ratios:
Net loan charge-offs to average gross loans (1)		0.30	%		0.45	%		2.67	%		0.37	%		2.47	%
Net loan charge-offs to gross loans (1)		0.30	%		0.44	%		2.75	%		0.36	%		2.53	%
Allowance for loan losses to average gross loans		2.76	%		2.95	%		3.59	%		2.82	%		3.60	%
Allowance for loan losses to gross loans		2.74	%		2.88	%		3.69	%		2.74	%		3.69	%
Net loan charge-offs to allowance for loan losses (1)		10.84	%		15.10	%		74.51	%		13.14	%		68.65	%
Net loan charge-offs to provision charged to operating expenses		526.95	%		1178.57	%		316.37	%		780.36	%		372.02	%
Allowance for loan losses to non-performing loans		214.03	%		186.03	%		159.26	%		214.03	%		159.26	%
Balance:
Average gross loans during period	$	2,165,741		$	2,073,514		$	2,003,475		$	2,119,881		$	1,994,273
Gross loans at end of period	$	2,187,389		$	2,121,686		$	1,949,624		$	2,187,389		$	1,949,624
Non-performing loans at end of period	$	27,975		$	32,893		$	45,143		$	27,975		$	45,143

(1) Net loan charge-offs are annualized to calculate the ratios.

The allowance for loan losses decreased by $3.4 million, or 5.4 percent, to $59.9 million as of June 30, 2013, compared to $63.3 million as of December 31, 2012. The allowance for loan losses as a percentage of gross loans decreased to 2.74 percent as of June 30, 2013 from 3.09 percent as of December 31, 2012. The provision for credit losses decreased by $6.0 million to zero for the six months ended June 30, 2013 from $6.0 million for the six months ended June 30, 2012. The $504,000 provision for credit losses was offset by the reversal in provision for off-balance sheet items, resulting in a zero provision for credit losses for the six months ended June 30, 2013. The $6.6 million provision for credit losses was offset by the $633,000 reversal in provision for off-balance sheet items, resulting in a $6.0 million provision for credit losses for the six months ended June 30, 2012.

The decrease in the allowance for loan losses as of June 30, 2013 was due primarily to decreases in historical loss rates and classified assets. Due to these factors, general and impaired loan reserves decreased by $2.6 million, or 4.6 percent, to $54.5 million and by $807,000, or 13.0 percent, to $5.4 million, respectively, as of June 30, 2013 as compared to $29.1 million and $6.2 million, respectively, at December 31, 2012.

Total impaired loans, excluding loans held for sale, decreased by $9.1 million, or 16.6 percent, to $45.7 million as of June 30, 2013 as compared to $54.7 million at December 31, 2012. Accordingly, specific reserve allocations associated with impaired loans decreased by $807,000, or 13.0 percent, to $5.4 million as of June 30, 2013, as compared to $6.2 million as of December 31, 2012.

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The following table shows a summary of net charge-offs for the periods presented:

	As of and for the				As of and for the
	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2013		2012		2013		2012
	(In thousands)
Charge-offs:
Real estate loans	$	146	$	5,243	$	359	$	8,085
Commercial term		2,448		8,761		4,899		17,614
Commercial lines of credit		—		631		—		892
SBA loans		860		1		1,056		2
Consumer loans		36		80		200		444
Total charge-offs		3,490		14,716		6,514		27,037
Recoveries:
Real estate loans		1,042		517		1,050		517
Commercial term		406		629		792		1,557
Commercial lines of credit		40		148		75		220
SBA loans		372		11		606		22
International loans		1		1		3		3
Consumer loans		6		18		55		42
Total recoveries		1,867		1,324		2,581		2,361
Net charge-offs	$	1,623	$	13,392	$	3,933	$	24,676

For the six months ended June 30, 2013, total charge-offs were $6.5 million, a decrease of $20.5 million, or 75.9 percent, from $27.0 million for the six months ended June 30, 2012. The decreases in the six months ended June 30, 2013 from the same period in 2012 were due mainly to decreases in charge-offs of commercial term loans by $12.7 million and real estate loans by $7.7 million.

The Bank recorded, in other liabilities, an allowance for off-balance sheet exposure, primarily unfunded loan commitments, of $1.3 million and $1.8 million as of June 30, 2013 and December 31, 2012, respectively. The decrease was due primarily to lower reserve factors based on historical loss rates. The Bank closely monitors the borrower’s repayment capabilities while funding existing commitments to ensure losses are minimized. Based on management’s evaluation and analysis of portfolio credit quality and prevailing economic conditions, we believe these reserves are adequate for losses inherent in the loan portfolio and off-balance sheet exposure as of June 30, 2013 and December 31, 2012.

Deposits

The following table shows the composition of deposits by type as of the dates indicated:

	June  30, 2013		December  31, 2012		Increase (Decrease)
					Amount			Percentage
	(In thousands)
Demand – noninterest-bearing	$	736,470	$	720,931	$	15,539			2.16	%
Interest-bearing:
Savings		115,318		114,302		1,016			0.89	%
Money market checking and NOW accounts		575,471		575,744		(273	)		-0.05	%
Time deposits of $100,000 or more		564,079		616,187		(52,108	)		-8.46	%
Other time deposits		370,575		368,799		1,776			0.48	%
Total deposits	$	2,361,913	$	2,395,963	$	(34,050	)		-1.42	%

Total deposits decreased by $34.1 million, or 1.4 percent, to $2.36 billion as of June 30, 2013 from $2.40 billion as of December 31, 2012. The decrease in total deposits was attributable mainly to decreases in jumbo CDs, offset by increases in demand deposit.

Core deposits (defined as demand, savings, money market checking, NOW accounts and other time deposits) increased by $18.1 million, or 1.0 percent, to $1,798 million at June 30, 2013 from $1,780 million at December 31, 2012. Time deposits of $250,000 or more also increased by $7.6 million, or 3.2 percent, to $245.9 million from $238.2 million at December 31, 2012. However, noninterest-bearing demand deposits as a percentage of deposits grew to 31.2 percent at June 30, 2013 from 30.1 percent at December 31, 2012. We had no brokered deposits as of June 30, 2013 and December 31, 2012.

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Federal Home Loan Bank Advances and Other Borrowings

FHLB advances and other borrowings mostly take the form of advances from the FHLB of San Francisco and overnight federal funds. At June 30, 2013, advances from the FHLB were $2.7 million, a decrease of $192,000 from $2.9 million at December 31, 2012, with a remaining maturity of 0.89 years at 5.27 percent.

Junior Subordinated Debentures

During the second half of 2004, we issued two junior subordinated notes bearing interest at the three-month London Interbank Offered Rate (“LIBOR”) plus 2.90 percent totaling $61.8 million and one junior subordinated note bearing interest at the three-month LIBOR plus 2.63 percent totaling $20.6 million. The outstanding subordinated debentures related to these offerings, the proceeds of which were used to finance the purchase of Pacific Union Bank, totaled $51.5 million and $82.4 million at June 30, 2013 and December 31, 2012, respectively. Hanmi Financial redeemed its TPS II for $30.9 million in March 2013, and fully paid the remaining TPS I and III in the aggregate amount of $51.5 million in April 2013.

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Interest Rate Risk Management

Interest rate risk indicates our exposure to market interest rate fluctuations. The movement of interest rates directly and inversely affects the economic value of fixed-income assets, which is the present value of future cash flow discounted by the current interest rate; under the same conditions, the higher the current interest rate, the higher the denominator of discounting. Interest rate risk management is intended to decrease or increase the level of our exposure to market interest rates. The level of interest rate risk can be managed through such means as the changing of gap positions and the volume of fixed-income assets. For successful management of interest rate risk, we use various methods to measure existing and future interest rate risk exposures, giving effect to historical attrition rates of core deposits. In addition to regular reports used in business operations, repricing gap analysis, stress testing and simulation modeling are the main measurement techniques used to quantify interest rate risk exposure.

The following table shows the status of our gap position as of June 30, 2013:

				More Than			More Than
	Less			Three			One
	Than			Months But			Year But						Non-
	Three			Less Than			Less Than			More Than			Interest-
	Months			One Year			Five Years			Five Years			Sensitive			Total
	(In thousands)
Assets
Cash and due from banks	$	—		$	—		$	—		$	—		$	72,429		$	72,429
Interest-bearing deposits in other banks		5,431			—			—			—			—			5,431
Investment securities:
Fixed rate		16,168			43,949			169,241			99,535			9,689			338,582
Floating rate		51,100			5,085			5,443			651			(46	)		62,233
Loans:
Fixed rate		55,736			121,043			330,623			14,735			—			522,137
Floating rate		1,045,742			98,293			502,828			767			—			1,647,630
Non-accrual (1)		—			—			—			—			29,307			29,307
Deferred loan fees, discount, and allowance for loan losses		—			—			—			—			(68,313	)		(68,313	)
Federal home loan bank and federal reserve bank stock		—			—			—			27,397			—			27,397
Other assets		—			29,517			—			4,769			102,295			136,581
Total assets	$	1,174,177		$	297,887		$	1,008,135		$	147,854		$	145,361		$	2,773,414
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Demand – noninterest-bearing	$	—		$	—		$	—		$	—		$	736,470		$	736,470
Savings		9,126			26,371			52,932			26,889			—			115,318
Money market checking and NOW accounts		70,231			179,878			213,939			111,423			—			575,471
Time deposits
Fixed rate		196,866			582,898			154,829			2			—			934,595
Floating rate		59			—			—			—			—			59
Federal home loan bank advances		98			2,645			—			—			—			2,743
Junior subordinated debentures		—			—			—			—			—			—
Other liabilities		—			—			—			—			13,362			13,362
Stockholders’ equity		—			—			—			—			395,396			395,396
Total liabilities and stockholders’ equity	$	276,380		$	791,792		$	421,700		$	138,314		$	1,145,228		$	2,773,414
Repricing gap		897,797			(493,905	)		586,435			9,540			(999,867	)
Cumulative repricing gap		897,797			403,892			990,327			999,867			—
Cumulative repricing gap as a percentage of total assets		32.37	%		14.56	%		35.71	%		36.05	%		0.00	%
Cumulative repricing gap as a percentage of interest-earning assets		34.49	%		15.51	%		38.04	%		38.41	%		0.00	%
Earning assets																	2,603,410

(1) Includes non-accrual loans in loans held for sale.

The repricing gap analysis measures the static timing of repricing risk of assets and liabilities (i.e., a point-in-time analysis measuring the difference between assets maturing or repricing in a period and liabilities maturing or repricing within the same period). Assets are assigned to maturity and repricing categories based on their expected repayment or repricing dates, and liabilities are assigned based on their repricing or maturity dates. Core deposits that have no maturity dates (demand deposits, savings, money market checking and NOW accounts) are assigned to categories based on expected decay rates.

As of June 30, 2013, the cumulative repricing gap for the three-month period was at an asset-sensitive position and was 34.49 percent of interest-earning assets, which decreased from 34.96 percent as of December 31, 2012. The decrease was due mainly to a $170.3 million decrease in interest-bearing deposits in other banks, offset by $72.3 million and $82.5 million decreases in fixed rate time deposits and junior subordinated debentures, respectively.

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The cumulative repricing gap for the twelve-month period was at an asset-sensitive position and was 15.51 percent of interest-earning assets as of June 30, 2013, which decreased from 22.32 percent as of December 31, 2012. The decrease was due mainly to a $170.3 million decrease in interest-bearing deposits in other banks, a $38.8 million decrease in fixed rate investment securities, a $34.6 million increase in fixed rate time deposits and an $18.3 million decrease in fixed rate loans, partially offset by an $82.5 million decrease in junior subordinated debentures.

The following table summarizes the status of the cumulative gap position as of the dates indicated:

	Less Than Three Months						Less Than Twelve Months
	June 30,			December 31,			June 30,			December 31,
	2013			2012			2013			2012
	(In thousands)
Cumulative repricing gap	$	897,797		$	926,923		$	403,892		$	591,748
Percentage of total assets		32.37	%		32.16	%		14.56	%		20.53	%
Percentage of interest-earning assets		34.49	%		34.96	%		15.51	%		22.32	%

The spread between interest income on interest-earning assets and interest expense on interest-bearing liabilities is the principal component of net interest income, and interest rate changes substantially affect our financial performance. We emphasize capital protection through stable earnings rather than maximizing yield. In order to achieve stable earnings, we prudently manage our assets and liabilities and closely monitor the percentage changes in net interest income and equity value in relation to limits established within our guidelines.

To supplement traditional gap analysis, we perform simulation modeling to estimate the potential effects of interest rate changes. The following table summarizes one of the stress simulations performed to forecast the impact of changing interest rates on net interest income and the market value of interest-earning assets and interest-bearing liabilities reflected on our balance sheet (i.e., an instantaneous parallel shift in the yield curve of the magnitude indicated). This sensitivity analysis is compared to policy limits, which specify the maximum tolerance level for net interest income exposure over a one-year horizon, given the basis point adjustment in interest rates reflected below.

	Percentage Changes						Change in Amount
Change in Interest Rate	Net Interest Income			Economic Value of Equity			Net Interest Income			Economic Value of Equity
	(In thousands)
200%		2.29	%		-2.58	%	$	2,608		$	(13,773	)
100%		0.69	%		-0.90	%	$	786		$	(4,797	)
-100%		(1	)		(1	)		(1	)		(1	)
-200%		(1	)		(1	)		(1	)		(1	)

(1) The table above only reflects the impact of upward shocks due to the fact that a downward parallel shock of 100 basis points or more is not possible given that some short-term rates are currently less than one percent.

The estimated sensitivity does not necessarily represent our forecast, and the results may not be indicative of actual changes to our net interest income. These estimates are based upon a number of assumptions including the nature and timing of interest rate levels including yield curve shape, prepayments on loans and securities, pricing strategies on loans and deposits, and replacement of asset and liability cash flows. While the assumptions used are based on current economic and local market conditions, there is no assurance as to the predictive nature of these conditions, including how customer preferences or competitor influences might change.

Capital Resources and Liquidity

Capital Resources

Historically, our primary source of capital has been the retention of operating earnings. In order to ensure adequate levels of capital, the Board continually assesses projected sources and uses of capital in conjunction with projected increases in assets and levels of risk. Management considers, among other things, earnings generated from operations, and access to capital from financial markets through the issuance of additional securities, including common stock or notes, to meet our capital needs.

The primary measure of capital adequacy is based on the ratio of risk-based capital to risk-weighted assets. At June 30, 2013, the Bank’s Tier 1 risk-based capital ratio of 15.25 percent, total risk-based capital ratio of 16.52 percent, and Tier 1 leverage capital ratio of 12.90 percent, placed the Bank in the “well capitalized” category, which is defined as institutions with Tier 1 risk-based capital ratio equal to or greater than 6.00 percent, total risk-based capital ratio equal to or greater than 10.00 percent, and Tier 1 leverage capital ratio equal to or greater than 5.00 percent.

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For a discussion of recently implemented changes to the capital adequacy framework prompted by Basel III and the Dodd-Frank Wall Street Reform and Consumer Protection Act, see “Note 6 — Regulatory Matters” of Notes to Consolidated Financial Statements (Unaudited) in this Quarterly Report on Form 10-Q.

Liquidity – Hanmi Financial

Currently, management believes that Hanmi Financial, on a stand-alone basis, has adequate liquid assets to meet its operating cash needs through June 30, 2014. Hanmi Financial redeemed $30.9 million of its TPS in March 2013, and fully paid the remaining $51.5 million of TPS in April 2013.

Liquidity – Hanmi Bank

Management believes that the Bank, on a stand-alone basis, has adequate liquid assets to meet its current obligations. The Bank’s primary funding source will continue to be deposits originating from its branch platform. The Bank’s wholesale funds historically consisted of FHLB advances and brokered deposits. As of June 30, 2013, the Bank had FHLB advances of $2.7 million compared to $2.9 million as of December 31, 2012. The Bank had no brokered deposits at June 30, 2013 and December 31, 2012.

The Bank’s primary source of borrowings is the FHLB, from which the Bank is eligible to borrow up to 15 percent of its total assets. As of June 30, 2013, the total borrowing capacity available based on pledged collateral and the remaining available borrowing capacity were $429.2 million and $426.5 million, respectively. The Bank’s FHLB borrowings as of June 30, 2013 totaled $2.7 million, representing 0.10 percent of total assets.

The amount that the FHLB is willing to advance differs based on the quality and character of qualifying collateral pledged by the Bank, and the advance rates for qualifying collateral may be adjusted upwards or downwards by the FHLB from time to time. To the extent deposit renewals and deposit growth are not sufficient to fund maturing and withdrawable deposits, repay maturing borrowings, fund existing and future loans and investment securities and otherwise fund working capital needs and capital expenditures, the Bank may utilize the remaining borrowing capacity from its FHLB borrowing arrangement.

As a means of augmenting its liquidity, the Bank had an available borrowing source of $99.5 million from the Federal Reserve Discount Window (the “Fed Discount Window”), to which the Bank pledged loans with a carrying value of $138.6 million, and had no borrowings as of June 30, 2013 . Additionally, the Bank is currently in the primary credit program of the Fed Discount Window. Primary credit is available to depository institutions in sound overall condition to meet short-term (typically overnight), backup funding needs. Generally, primary credit will be granted on a “no-questions-asked,” minimal administered basis with no restrictions. Furthermore, in December 31, 2012, the Bank established a line of credit with Raymond James & Associates, Inc. for reverse repurchase agreements up to a maximum of $100.0 million.

The Bank has Contingency Funding Plans (“CFPs”) designed to ensure that liquidity sources are sufficient to meet its ongoing obligations and commitments, particularly in the event of a liquidity contraction. The CFPs are designed to examine and quantify its liquidity under various “stress” scenarios. Furthermore, the CFPs provide a framework for management and other critical personnel to follow in the event of a liquidity contraction or in anticipation of such an event. The CFPs address authority for activation and decision making, liquidity options and the responsibilities of key departments in the event of a liquidity contraction.

Off-Balance Sheet Arrangements

For a discussion of off-balance sheet arrangements, see “Note 10 — Off-Balance Sheet Commitments” of Notes to Consolidated Financial Statements (Unaudited) in this Quarterly Report on Form 10-Q and “Item 1. Business — Off-Balance Sheet Commitments” in our 2012 Annual Report on Form 10-K.

Contractual Obligations

There have been no material changes to the contractual obligations described in our 2012 Annual Report on Form 10-K.

Recently Issued Accounting Standards

FASB ASU 2013-11 “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (Topic 740)” was issued to improve the reporting for unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The pronouncement is expected to reduce diversity in practice by providing guidance on the presentation of unrecognized tax benefits and will better reflect the manner in which

61

an entity would settle at the reporting date any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. The pronouncement is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this pronouncement is not expected to have a material impact on our consolidated financial statements.

FASB ASU 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Topic 220)” was issued to address concerns raised in the initial issuance of ASU 2011-05, “Presentation of Comprehensive Income.” For items reclassified out of accumulated other comprehensive income into net income in their entirety, entities must disclose the effect of the reclassification on each affected net income line item. For accumulated other comprehensive income reclassification items that are not reclassified in their entirety into net income, entities must provide a cross reference to other required U.S. GAAP disclosures. This information may be provided either in the notes or parenthetically on the face of the statement that reports net income as long as all the information is disclosed in a single location. However, an entity is prohibited from providing this information parenthetically on the face of the statement that reports net income if it has items that are not reclassified in their entirety into net income. The amendments are effective for annual reporting periods beginning after December 15, 2012 and interim periods within those years. The adoption of FASB ASU 2013-02 did not have a significant impact on our financial condition or result of operations.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

For quantitative and qualitative disclosures regarding market risks in Hanmi Bank’s portfolio, see “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations — Interest Rate Risk Management” and “— Capital Resources and Liquidity.”

Item 4. Controls and Procedures

Disclosure Controls and Procedures

As of June 30, 2013, we conducted an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective as of June 30, 2013.

Our disclosure controls and procedures are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms. Our disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Internal Controls

During our most recent fiscal quarter, there have been no changes in our internal control over financial reporting that has materially affected or is reasonably likely to materially affect our internal control over financial reporting.

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Part II — Other Information

Item 1. Legal Proceedings

From time to time, Hanmi Financial and its subsidiaries are parties to litigation that arises in the ordinary course of business, such as claims to enforce liens, claims involving the origination and servicing of loans, and other issues related to the business of Hanmi Financial and its subsidiaries. In the opinion of management, the resolution of any such issues would not have a material adverse impact on the financial condition, results of operations, or liquidity of Hanmi Financial or its subsidiaries.

Item 1A. Risk Factors

The following are changes to two risk factors previously disclosed in our 2012 Annual Report on Form 10-K, and our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2013. Events or circumstances arising from one or more of these risks could adversely affect our business, financial condition, operating results, prospects and the price of our common stock. These risks are not intended to be a comprehensive list of all risks we face and additional risks that we may currently view as not material may also adversely impact our financial condition, business operations and results of operations.

Increases in the level of non-performing loans could adversely affect our business, profitability, and financial condition. Increase in non-performing loans could have an adverse effect on our earnings as a result of related increases in our provisions for loan losses, charge-offs, and other losses related to non-performing loans. An increase in non-performing loans could potentially lead to a decline in earnings and could deplete our capital, leaving the Company undercapitalized. Non-performing loans as of June 30, 2013 decreased to $28.0 million from $37.3 million as of December 31, 2012.

We are dependent on key personnel and the loss of one or more of those key personnel may materially and adversely affect our prospects. Our success depends in large part on our ability to attract key people who are qualified and have knowledge and experience in the banking industry in our markets and to retain those people to successfully implement our business objectives. Competition for qualified employees and personnel in the banking industry is intense and there are a limited number of qualified persons with knowledge of, and experience in, our banking space. The process of recruiting personnel with the combination of skills and attributes required to carry out our strategies is often lengthy. In addition, legislation and regulations which impose restrictions on executive compensation may make it more difficult for us to retain and recruit key personnel. Our success depends to a significant degree upon our ability to attract and retain qualified management, loan origination, finance, administrative, marketing and technical personnel and upon the continued contributions of our management and personnel. The unexpected loss of services of one or more of our key personnel or failure to attract or retain such employees could have a material adverse effect on our financial condition and results of operations.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit Number	Document
31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended
31.2	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended
32.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS	XBRL Instance Document *
101.SCH	XBRL Taxonomy Extension Schema Document *
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document *
101.LAB	XBRL Taxonomy Extension Label Linkbase Document *
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document *
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document *

* Attached as Exhibit 101 to this report are documents formatted in XBRL (Extensible Business Reporting Language).

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

		Hanmi Financial Corporation
Date: August 9, 2013	By:	/s/ C. G. Kum
		C. G. Kum
		President and Chief Executive Officer

By:	/s/ Shick (Mark) Yoon
	Shick (Mark) Yoon
	Executive Vice President and Chief Financial Officer

EX-31.1

Exhibit 31.1

Certificate of Chief Executive Officer

I, C. G. Kum, Chief Executive Officer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Hanmi Financial Corporation;

2. Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statement made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;

3. Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this Report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

(d) disclosed in this Report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the Audit Committee of the Registrant’s Board of Directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: August 9, 2013	By:	/s/ C. G. Kum
		C. G. Kum
		Chief Executive Officer

EX-31.2

Exhibit 31.2

Certificate of Chief Financial Officer

I, Shick (Mark) Yoon, Chief Financial Officer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Hanmi Financial Corporation;

2. Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statement made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;

3. Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this Report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

(d) disclosed in this Report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the Audit Committee of the Registrant’s Board of Directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: August 9, 2013	/s/ Shick (Mark) Yoon
	Shick (Mark) Yoon
	Chief Financial Officer

EX-32.1

Exhibit 32.1

Certification

Certification Pursuant To

18 U.S.C. Section 1350

As Adopted Pursuant To

Section 906 of The Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Hanmi Financial Corporation (the “Company”) on Form 10-Q for the period ended June 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, C. G. Kum, President and Chief Executive Officer of the Company, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 9, 2013	By:	/s/ C. G. Kum
		C. G. Kum
		President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

Certification

Certification Pursuant To

18 U.S.C. Section 1350

As Adopted Pursuant To

Section 906 of The Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Hanmi Financial Corporation (the “Company”) on Form 10-Q for the period ended June 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Shick (Mark) Yoon, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 9, 2013	/s/ Shick (Mark) Yoon
	Shick (Mark) Yoon
	Executive Vice President and Chief Financial Officer

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Off-Balance Sheet Commitments

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Off-Balance Sheet Commitments

Note 10 — Off-Balance Sheet Commitments

The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of our customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk similar to the risk involved with on-balance sheet items recognized in the Consolidated Balance Sheets.

The Bank’s exposure to credit losses in the event of non-performance by the other party to commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for extending loan facilities to customers. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, was based on management’s credit evaluation of the counterparty.

Collateral held varies but may include accounts receivable, inventory, premises and equipment, and income-producing or borrower-occupied properties. The following table shows the distribution of undisbursed loan commitments as of the dates indicated:

	June 30,		December 31,
	2013		2012
	(In thousands)
Commitments to extend credit	$	177,955	$	182,746
Standby letters of credit		9,694		10,588
Commercial letters of credit		4,150		6,092
Unused credit card lines		11,805		13,459
Total undisbursed loan commitments	$	203,604	$	212,885

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Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 5,821,000	$ (47,177,000)	$ 10,505,000	$ (47,098,000)
Effective income tax rate	37.95%	548.70%	34.86%	294.00%
Net tax benefit due to change in effective tax rate		47,100,000
Reversal of valuation allowance on deferred tax assets		53,100,000
Income tax expense includes revision of deferred tax estimate from stock options and state tax	$ 11,000		$ (768,000)

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Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Interest and Dividend Income:
Interest and fees on loans	$ 27,839	$ 27,241	$ 54,638	$ 54,783
Taxable interest on investment securities	2,100	2,190	4,216	4,288
Tax-exempt interest on investment securities	73	99	168	201
Interest on term federal funds sold		168		493
Interest on federal funds sold		31	6	33
Interest on interest-bearing deposits in other banks	24	59	112	127
Dividends on federal reserve bank stock	196	148	379	276
Dividends on federal home loan bank stock	147	29	255	58
Total interest and dividend income	30,379	29,965	59,774	60,259
Interest Expense:
Interest on deposits	3,100	3,953	6,259	8,872
Interest on federal home loan bank advances	41	43	79	86
Interest on junior subordinated debentures	84	797	678	1,596
Total interest expense	3,225	4,793	7,016	10,554
Net interest income before provision for credit losses	27,154	25,172	52,758	49,705
Provision for credit losses		4,000		6,000
Net interest income after provision for credit losses	27,154	21,172	52,758	43,705
Non-Interest Income:
Service charges on deposit accounts	2,884	2,936	5,932	6,104
Insurance commissions	1,418	1,294	2,631	2,530
Remittance fees	541	487	1,038	941
Trade finance fees	276	292	553	584
Other service charges and fees	335	380	733	744
Bank-owned life insurance income	233	238	463	637
Gain on sales of SBA loans guaranteed portion	2,378	5,473	5,070	5,473
Net loss on sales of other loans	(460)	(5,326)	(557)	(7,719)
Net gain on sales of investment securities	303	1,381	312	1,382
Other-than-temporary impairment loss on investment securities		(116)		(116)
Other operating income	242	150	332	262
Total non-interest income	8,150	7,189	16,507	10,822
Non-Interest Expense:
Salaries and employee benefits	9,415	9,449	18,766	18,559
Occupancy and equipment	2,555	2,621	5,111	5,216
Deposit insurance premiums and regulatory assessments	517	1,498	751	2,899
Data processing	1,142	1,298	2,312	2,551
Other real estate owned expense	(20)	69	12	25
Professional fees	2,365	1,089	4,521	1,838
Directors and officers liability insurance	219	295	439	592
Supplies and communications	630	576	1,125	1,134
Advertising and promotion	1,005	1,009	1,677	1,610
Loan-related expense	91	88	237	288
Amortization of other intangible assets	41	45	82	116
Other operating expenses	2,004	1,726	4,098	3,681
Total non-interest expense	19,964	19,763	39,131	38,509
Income before provision (benefit) for income taxes	15,340	8,598	30,134	16,018
Provision (benefit) for income taxes	5,821	(47,177)	10,505	(47,098)
Net income	$ 9,519	$ 55,775	$ 19,629	$ 63,116
Earnings per share:
Basic	$ 0.30	$ 1.77	$ 0.62	$ 2.01
Diluted	$ 0.30	$ 1.77	$ 0.62	$ 2.00
Weighted-average shares outstanding:
Basic	31,590,760	31,475,610	31,565,013	31,473,065
Diluted	31,655,988	31,499,803	31,633,535	31,489,943

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Loans

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Loans

Note 3 — Loans

The Board of Directors and management review and approve the Bank’s loan policy and procedures on a regular basis to reflect issues such as regulatory and organizational structure changes, strategic planning revisions, concentrations of credit, loan delinquencies and non-performing loans, problem loans, and policy adjustments.

Real estate loans are loans secured by liens or interest in real estate, to provide purchase, construction, and refinance on real estate properties. Commercial and industrial loans consist of commercial term loans, commercial lines of credit, and SBA loans. Consumer loans consist of auto loans, credit cards, personal loans, and home equity lines of credit. We maintain management loan review and monitoring departments that review and monitor pass graded loans as well as problem loans to prevent further deterioration.

Concentrations of Credit: The majority of the Bank’s loan portfolio consists of commercial real estate and commercial and industrial loans. The Bank has been diversifying and monitoring commercial real estate loans based on property types, tightening underwriting standards, and portfolio liquidity and management, and has not exceeded certain specified limits set forth in the Bank’s loan policy. Most of the Bank’s lending activity occurs within Southern California.

Loans Receivable

Loans receivable consisted of the following as of the dates indicated:

	June 30,			December 31,
	2013			2012
	(In thousands)
Real estate loans:
Commercial property	$	887,782		$	787,094
Residential property		88,654			101,778
Total real estate loans		976,436			888,872
Commercial and industrial loans:
Commercial term (1)		940,555			884,364
Commercial lines of credit (2)		45,195			56,121
SBA loans (3)		157,240			148,306
International loans		32,583			34,221
Total commercial and industrial loans		1,175,573			1,123,012
Consumer loans		35,380			36,676
Total gross loans		2,187,389			2,048,560
Allowance for loans losses		(59,876	)		(63,305	)
Deferred loan fees		695			796
Loans receivable, net	$	2,128,208		$	1,986,051

(1) Includes owner-occupied property loans of $838.5 million and $774.2 million as of June 30, 2013 and December 31, 2012, respectively.

(2) Includes owner-occupied property loans of $1.0 million and $1.4 million as of June 30, 2013 and December 31, 2012, respectively.

(3) Includes owner-occupied property loans of $142.9 million and $128.4 million as of June 30, 2013 and December 31, 2012, respectively.

Accrued interest on loans receivable was $5.7 million and $5.4 million at June 30, 2013 and December 31, 2012, respectively. At June 30, 2013 and December 31, 2012, loans receivable totaling $691.6 million and $524.0 million, respectively, were pledged to secure advances from the FHLB and the FRB’s federal discount window.

The following table details the information on the sales and reclassifications of loans receivable to loans held for sale by portfolio segment for the three months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer		Total
				(In thousands)
June 30, 2013
Balance at beginning of period	$	—		$	6,043		$	—	$	6,043
Origination of loans held for sale		—			22,834			—		22,834
Reclassification from loans receivable to loans held for sale		780			3,857			—		4,637
Sales of loans held for sale		—			(30,956	)		—		(30,956	)
Principal payoffs and amortization		—			(5	)		—		(5	)
Balance at end of period	$	780		$	1,773		$	—	$	2,553
June 30, 2012
Balance at beginning of period	$	10,879		$	45,114		$	—	$	55,993
Origination of loans held for sale		—			34,723			—		34,723
Reclassification from loans receivable to loans held for sale		15,148			11,842			—		26,990
Reclassification from loans held for sale to loans receivable		(1,647	)		(132	)		—		(1,779	)
Sales of loans held for sale		(21,909	)		(87,552	)		—		(109,461	)
Principal payoffs and amortization		(58	)		(146	)		—		(204	)
Valuation adjustments		(1,124	)		—			—		(1,124	)
Balance at end of period	$	1,289		$	3,849		$	—	$	5,138

For the three months ended June 30, 2013, loans receivable of $4.6 million were reclassified as loans held for sale, and loans held for sale of $31.0 million were sold. For the three months ended June 30, 2012, loans receivable of $27.0 million were reclassified as loans held for sale, and loans held for sale of $109.5 million were sold.

The following table details the information on the sales and reclassifications of loans receivable to loans held for sale by portfolio segment for the six months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer		Total
				(In thousands)
June 30, 2013
Balance at beginning of period	$	—		$	8,306		$	—	$	8,306
Origination of loans held for sale		—			45,978			—		45,978
Reclassification from loans receivable to loans held for sale		780			7,230			—		8,010
Sales of loans held for sale		—			(59,721	)		—		(59,721	)
Principal payoffs and amortization		—			(20	)		—		(20	)
Balance at end of period	$	780		$	1,773		$	—	$	2,553
June 30, 2012
Balance at beginning of period	$	11,068		$	11,519		$	—	$	22,587
Origination of loans held for sale		—			60,589			—		60,589
Reclassification from loans receivable to loans held for sale		32,224			32,247			—		64,471
Reclassification from loans held for sale to other real estate owned		(360	)		—			—		(360	)
Reclassification from loans held for sale to loans receivable		(1,647	)		(132	)		—		(1,779	)
Sales of loans held for sale		(38,703	)		(99,455	)		—		(138,158	)
Principal payoffs and amortization		(169	)		(262	)		—		(431	)
Valuation adjustments		(1,124	)		(657	)		—		(1,781	)
Balance at end of period	$	1,289		$	3,849		$	—	$	5,138

For the six months ended June 30, 2013, loans receivable of $8.0 million were reclassified as loans held for sale, and loans held for sale of $59.7 million were sold. For the six months ended June 30, 2012, loans receivable of $64.5 million were reclassified as loans held for sale, and loans held for sale of $138.2 million were sold.

Allowance for Loan Losses and Allowance for Off-Balance Sheet Items

In the first quarter of 2010, the look-back period was reduced from twelve quarters to eight quarters, with 60 percent weighting given to the most recent four quarters and 40 percent to the oldest four quarters, to place greater emphasis on losses taken by the Bank during the economic downturn. In the second quarter of 2013, management reevaluated the look-back period and restored the twelve quarter look-back period in order to capture a period of higher losses that would have otherwise been excluded. Risk factor calculations are weighted at 50 percent for the most recent four quarters, 33 percent for the next four quarters, and 17 percent for the oldest four quarters. As homogenous loans are bulk graded, the risk grade is not factored into the historical loss analysis. The change in methodology maintained the Bank’s allowance at a level consistent with prior quarter. Under the previous methodology, the Bank would have recognized a negative provision of $5.9 million, which the Bank did not consider to be prudent, given the uncertainty in the economy.

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

	As of and for the									As of and for the
	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2013			2013			2012			2013			2012
	(In thousands)
Allowance for loan losses:
Balance at beginning of period	$	61,191		$	63,305		$	81,052		$	63,305		$	89,936
Actual charge-offs		(3,490	)		(3,024	)		(14,716	)		(6,514	)		(27,037	)
Recoveries on loans previously charged off		1,867			714			1,324			2,581			2,361
Net loan charge-offs		(1,623	)		(2,310	)		(13,392	)		(3,933	)		(24,676	)
Provision charged to operating expense		308			196			4,233			504			6,633
Balance at end of period	$	59,876		$	61,191		$	71,893		$	59,876		$	71,893
Allowance for off-balance sheet items:
Balance at beginning of period	$	1,628		$	1,824		$	2,581		$	1,822		$	2,981
Provision charged to operating expense		(308	)		(196	)		(233	)		(504	)		(633	)
Balance at end of period	$	1,320		$	1,628		$	2,348		$	1,318		$	2,348

The following table details the information on the allowance for loan losses by portfolio segment for the three months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer			Unallocated			Total
	(In thousands)
June 30, 2013
Allowance for loan losses:
Beginning balance	$	17,832		$	39,560		$	1,795		$	2,004		$	61,191
Charge-offs		(146	)		(3,308	)		(36	)		—			(3,490	)
Recoveries on loans previously charged off		1,042			819			6			—			1,867
Provision		(248	)		1,963			119			(1,526	)		308
Ending balance	$	18,480		$	39,034		$	1,884		$	478		$	59,876
Ending balance: individually evaluated for impairment	$	28		$	5,011		$	385		$	—		$	5,424
Ending balance: collectively evaluated for impairment	$	18,452		$	34,023		$	1,499		$	478		$	54,452
Loans receivable:
Ending balance	$	976,436		$	1,175,573		$	35,380		$	—		$	2,187,389
Ending balance: individually evaluated for impairment	$	6,972		$	37,055		$	1,647		$	—		$	45,674
Ending balance: collectively evaluated for impairment	$	969,464		$	1,138,518		$	33,733		$	—		$	2,141,715
June 30, 2012
Allowance for loan losses:
Beginning balance	$	22,230		$	54,638		$	2,244		$	1,940		$	81,052
Charge-offs		(5,243	)		(9,393	)		(80	)		—			(14,716	)
Recoveries on loans previously charged off		517			789			18			—			1,324
Provision		3,902			776			(425	)		(20	)		4,233
Ending balance	$	21,406		$	46,810		$	1,757		$	1,920		$	71,893
Ending balance: individually evaluated for impairment	$	437		$	7,224		$	—		$	—		$	7,661
Ending balance: collectively evaluated for impairment	$	20,969		$	39,586		$	1,757		$	1,920		$	64,232
Loans receivable:
Ending balance	$	839,816		$	1,070,469		$	39,339		$	—		$	1,949,624
Ending balance: individually evaluated for impairment	$	16,619		$	42,087		$	1,401		$	—		$	60,107
Ending balance: collectively evaluated for impairment	$	823,197		$	1,028,382		$	37,938		$	—		$	1,889,517

The following table details the information on the allowance for loan losses by portfolio segment for the six months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer			Unallocated			Total
	(In thousands)
June 30, 2013
Allowance for loan losses:
Beginning balance	$	18,180		$	41,928		$	2,280		$	917		$	63,305
Charge-offs		(359	)		(5,955	)		(200	)		—			(6,514	)
Recoveries on loans previously charged off		1,050			1,476			55			—			2,581
Provision		(391	)		1,585			(251	)		(439	)		504
Ending balance	$	18,480		$	39,034		$	1,884		$	478		$	59,876
Ending balance: individually evaluated for impairment	$	28		$	5,011		$	385		$	—		$	5,424
Ending balance: collectively evaluated for impairment	$	18,452		$	34,023		$	1,499		$	478		$	54,452
Loans receivable:
Ending balance	$	976,436		$	1,175,573		$	35,380		$	—		$	2,187,389
Ending balance: individually evaluated for impairment	$	6,972		$	37,055		$	1,647		$	—		$	45,674
Ending balance: collectively evaluated for impairment	$	969,464		$	1,138,518		$	33,733		$	—		$	2,141,715
June 30, 2012
Allowance for loan losses:
Beginning balance	$	19,637		$	66,005		$	2,243		$	2,051		$	89,936
Charge-offs		(8,085	)		(18,508	)		(444	)		—			(27,037	)
Recoveries on loans previously charged off		517			1,802			42			—			2,361
Provision		9,337			(2,489	)		(84	)		(131	)		6,633
Ending balance	$	21,406		$	46,810		$	1,757		$	1,920			71,893
Ending balance: individually evaluated for impairment	$	437		$	7,224		$	—		$	—			7,661
Ending balance: collectively evaluated for impairment	$	20,969		$	39,586		$	1,757		$	1,920			64,232
Loans receivable:														—
Ending balance	$	839,816		$	1,070,469		$	39,339		$	—			1,949,624
Ending balance: individually evaluated for impairment	$	16,619		$	42,087		$	1,401		$	—			60,107
Ending balance: collectively evaluated for impairment	$	823,197		$	1,028,382		$	37,938		$	—			1,889,517

Credit Quality Indicators

As part of the on-going monitoring of the credit quality of our loan portfolio, we utilize an internal loan grading system to identify credit risk and assign an appropriate grade (from (0) to (8)) for each and every loan in our loan portfolio. All loans are reviewed by a third-party loan reviewer on a semi-annual basis. Additional adjustments are made when determined to be necessary. The loan grade definitions are as follows:

Pass: Pass loans, grades (0) to (4), are in compliance in all respects with the Bank’s credit policy and regulatory requirements, and do not exhibit any potential or defined weaknesses as defined under “Special Mention (5),” “Substandard (6)” or “Doubtful (7).” This category is the strongest level of the Bank’s loan grading system. It incorporates all performing loans with no credit weaknesses. It includes cash and stock/security secured loans or other investment grade loans. The following are sub categories within the Pass category, or grades (0) to (4):

Pass (0):	Loans or commitments secured in full by cash or cash equivalents.
Pass (1):	Loans or commitments requiring a very strong, well-structured credit relationship with an established borrower. The relationship should be supported by audited financial statements indicating cash flow well in excess of debt service requirements, excellent liquidity, and very strong capital.
Pass (2):	Loans or commitments requiring a well-structured credit that may not be as seasoned or as high quality as grade (1). Capital, liquidity, debt service capacity, and collateral coverage must all be well above average. This grade includes individuals with substantial net worth supported by liquid assets and strong income.
Pass (3):	Loans or commitments to borrowers exhibiting a fully acceptable credit risk. These borrowers should have sound balance sheets and significant cash flow coverage, although they may be somewhat more leveraged and exhibit greater fluctuations in earning and financing but generally would be considered very attractive to the Bank as a borrower. The borrower has historically demonstrated the ability to manage economic adversity. Real estate and asset-based loans with this grade must have characteristics that place them well above the minimum underwriting requirements. Asset-based borrowers assigned this grade must exhibit extremely favorable leverage and cash flow characteristics and consistently demonstrate a high level of unused borrowing capacity.

Pass (4): Loans or commitments to borrowers exhibiting either somewhat weaker balance sheets or positive, but inconsistent, cash flow coverage. These borrowers may exhibit somewhat greater credit risk, and as a result, the Bank may have secured its exposure to mitigate the risk. If so, the collateral taken should provide an unquestionable ability to repay the indebtedness in full through liquidation, if necessary. Cash flows should be adequate to cover debt service and fixed obligations, although there may be a question about the borrower’s ability to provide alternative sources of funds in emergencies. Better quality real estate and asset-based borrowers who fully comply with all underwriting standards and are performing according to projections would be assigned this grade.

Special Mention: A Special Mention credit, grade (5), has potential weaknesses that deserve management’s close attention. If not corrected, these potential weaknesses may result in deterioration of the repayment of the debt and result in a Substandard classification. Loans that have significant actual, not potential, weaknesses are considered more severely classified.

Substandard: A Substandard credit, grade (6), has a well-defined weakness that jeopardizes the liquidation of the debt. A credit graded Substandard is not protected by the sound worth and paying capacity of the borrower, or of the value and type of collateral pledged. With a Substandard loan, there is a distinct possibility that the Bank will sustain some loss if the weaknesses or deficiencies are not corrected.

Doubtful: A Doubtful credit, grade (7), is one that has critical weaknesses that would make the collection or liquidation of the full amount due improbable. However, there may be pending events which may work to strengthen the credit, and therefore the amount or timing of a possible loss cannot be determined at the current time.

Loss: A loan classified as Loss, grade (8), is considered uncollectible and of such little value that their continuance as active bank assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be possible in the future. Loans classified Loss will be charged off in a timely manner.

As of June 30, 2013 and December 31, 2012, pass (grade 0-4), criticized (grade 5) and classified (grade 6-7) loans, disaggregated by loan class, were as follows:

	Pass (Grade 0-4)		Criticized (Grade 5)		Classified (Grade 6-7)		Total Loans
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	433,954	$	3,755	$	2,362	$	440,071
Land		5,465		—		7,981		13,446
Other		419,664		12,026		2,575		434,265
Residential property		86,677		—		1,977		88,654
Commercial and industrial loans:
Commercial term
Unsecured		84,786		631		16,612		102,029
Secured by real estate		779,408		16,105		43,013		838,526
Commercial lines of credit		42,914		608		1,673		45,195
SBA loans		146,716		884		9,640		157,240
International loans		31,303		—		1,280		32,583
Consumer loans		32,617		181		2,582		35,380
Total gross loans	$	2,063,504	$	34,190	$	89,695	$	2,187,389
December 31, 2012
Real estate loans:
Commercial property
Retail	$	386,650	$	3,971	$	2,324	$	392,945
Land		5,491		—		8,516		14,007
Other		366,518		12,132		1,492		380,142
Residential property		99,250		—		2,528		101,778
Commercial and industrial loans:
Commercial term
Unsecured		87,370		663		22,139		110,172
Secured by real estate		710,723		13,038		50,431		774,192
Commercial lines of credit		53,391		863		1,867		56,121
SBA loans		136,058		1,119		11,129		148,306
International loans		34,221		—		—		34,221
Consumer loans		33,707		201		2,768		36,676
Total gross loans	$	1,913,379	$	31,987	$	103,194	$	2,048,560

The following is an aging analysis of past due loans, disaggregated by loan class, as of June 30, 2013 and December 31, 2012:

	30-59 Days  Past Due		60-89 Days  Past Due		90 Days or More  Past Due		Total Past Due		Current		Total Loans		Accruing 90 Days  or More Past Due
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	—	$	440,071	$	440,071	$	—
Land		—		—		—		—		13,446		13,446		—
Other		—		—		—		—		434,265		434,265		—
Residential property		—		219		810		1,029		87,625		88,654		—
Commercial and industrial loans:
Commercial term
Unsecured		416		455		1,885		2,756		99,273		102,029		—
Secured by real estate		—		—		122		122		838,404		838,526		—
Commercial lines of credit		—		146		188		334		44,861		45,195		—
SBA loans		2,376		2,707		3,718		8,801		148,439		157,240		—
International loans		—		—		—		—		32,583		32,583		—
Consumer loans		492		962		413		1,867		33,513		35,380		—
Total gross loans	$	3,284	$	4,489	$	7,136	$	14,909	$	2,172,480	$	2,187,389	$	—
December 31, 2012
Real estate loans:
Commercial property
Retail	$	—	$	111	$	—	$	111	$	392,834	$	392,945	$	—
Land		—		—		335		335		13,672		14,007		—
Other		—		—		—		—		380,142		380,142		—
Residential property		—		588		311		899		100,879		101,778		—
Commercial and industrial loans:
Commercial term
Unsecured		918		1,103		1,279		3,300		106,872		110,172		—
Secured by real estate		1,949		—		926		2,875		771,317		774,192		—
Commercial lines of credit		—		188		416		604		55,517		56,121		—
SBA loans		3,759		1,039		2,800		7,598		140,708		148,306		—
International loans		—		—		—		—		34,221		34,221		—
Consumer loans		61		146		538		745		35,931		36,676		—
Total gross loans	$	6,687	$	3,175	$	6,605	$	16,467	$	2,032,093	$	2,048,560	$	—

Impaired Loans

Loans are considered impaired when non-accrual and principal or interest payments have been contractually past due for 90 days or more, unless the loan is both well-collateralized and in the process of collection; or they are classified as Troubled Debt Restructuring (“TDR”) loans to offer terms not typically granted by the Bank; or when current information or events make it unlikely to collect in full according to the contractual terms of the loan agreements; or there is a deterioration in the borrower’s financial condition that raises uncertainty as to timely collection of either principal or interest; or full payment of both interest and principal is in doubt according to the original contractual terms.

We evaluate loan impairment in accordance with applicable GAAP. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent, less costs to sell. If the measure of the impaired loan is less than the recorded investment in the loan, the deficiency will be charged off against the allowance for loan losses or, alternatively, a specific allocation will be established. Additionally, loans that are considered impaired are specifically excluded from the quarterly migration analysis when determining the amount of the allowance for loan losses required for the period.

The allowance for collateral-dependent loans is determined by calculating the difference between the outstanding loan balance and the value of the collateral as determined by recent appraisals. The allowance for collateral-dependent loans varies from loan to loan based on the collateral coverage of the loan at the time of designation as non-performing. We continue to monitor the collateral coverage, using recent appraisals, on these loans on a quarterly basis and adjust the allowance accordingly.

The following table provides information on impaired loans, disaggregated by loan class, as of the dates indicated:

	Recorded Investment		Unpaid  Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Related Allowance
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	1,818	$	1,818	$	1,818	$	—	$	—
Land		1,612		1,902		1,612		—		—
Other		523		523		—		523		28
Residential property		3,019		3,091		3,019		—		—
Commercial and industrial loans:
Commercial term
Unsecured		12,689		13,742		3,440		9,249		3,863
Secured by real estate		16,492		17,649		15,887		605		119
Commercial lines of credit		1,052		1,259		1,052		—		—
SBA loans		5,541		8,832		3,363		2,178		998
International loans		1,281		1,280		572		709		31
Consumer loans		1,647		1,718		457		1,190		385
Total gross loans	$	45,674	$	51,814	$	31,220	$	14,454	$	5,424
December 31, 2012
Real estate loans:
Commercial property
Retail	$	2,930	$	3,024	$	2,930	$	—	$	—
Land		2,097		2,307		2,097		—		—
Other		527		527		—		527		67
Residential property		3,265		3,308		1,866		1,399		94
Commercial and industrial loans:
Commercial term
Unsecured		14,532		15,515		6,826		7,706		2,144
Secured by real estate		22,050		23,221		9,520		12,530		2,319
Commercial lines of credit		1,521		1,704		848		673		230
SBA loans		6,170		10,244		4,294		1,876		762
International loans		—		—		—		—		—
Consumer loans		1,652		1,711		449		1,203		615
Total gross loans	$	54,744	$	61,561	$	28,830	$	25,914	$	6,231

The following table provides information on impaired loans, disaggregated by loan class, as of dates indicated:

	Average Recorded Investment for the Three Months Ended		Interest Income Recognized for the Three Months Ended		Average Recorded Investment for the Six  Months Ended		Interest Income Recognized for the Six Months Ended
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	1,823	$	18	$	2,309	$	44
Land		1,637		40		1,674		80
Other		524		6		525		10
Residential property		3,027		31		3,043		59
Commercial and industrial loans:
Commercial term
Unsecured		12,933		221		13,093		406
Secured by real estate		16,539		305		17,026		618
Commercial lines of credit		1,060		9		1,286		24
SBA loans		5,595		281		6,034		554
International loans		1,330		—		1,414		—
Consumer loans		1,649		15		1,646		27
Total gross loans	$	46,117	$	926	$	48,050	$	1,822
June 30, 2012
Real estate loans:
Commercial property
Retail	$	2,546	$	19	$	1,945	$	48
Land		2,137		45		2,175		91
Other		878		11		1,138		33
Construction		7,983		89		8,090		178
Residential property		3,177		48		3,259		84
Commercial and industrial loans:
Commercial term
Unsecured		13,474		192		14,257		430
Secured by real estate		19,021		525		22,756		958
Commercial lines of credit		1,788		22		1,835		30
SBA loans		8,336		286		8,150		483
Consumer loans		1,402		2		903		10
Total gross loans	$	60,742	$	1,239	$	64,508	$	2,345

The following is a summary of interest foregone on impaired loans for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2013			2012			2013			2012
	(In thousands)
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	$	1,057		$	1,505		$	2,125		$	2,933
Less: Interest income recognized on impaired loans		(926	)		(1,239	)		(1,822	)		(2,345	)
Interest foregone on impaired loans	$	131		$	266		$	303		$	588

There were no commitments to lend additional funds to borrowers whose loans are included above.

Non-Accrual Loans

Loans are placed on non-accrual status when, in the opinion of management, the full timely collection of principal or interest is in doubt. Generally, the accrual of interest is discontinued when principal or interest payments become more than 90 days past due, unless management believes the loan is adequately collateralized and in the process of collection. However, in certain instances, we may place a particular loan on non-accrual status earlier, depending upon the individual circumstances surrounding the loan’s delinquency. When a loan is placed on non-accrual status, previously accrued but unpaid interest is reversed against current income. Subsequent collections of cash are applied as principal reductions when received, except when the ultimate collectability of principal is probable, in which case interest payments are credited to income. Non-accrual loans may be restored to accrual status when principal and interest payments become current and full repayment is expected.

The following table details non-accrual loans, disaggregated by loan class, as of the dates indicated:

	June 30,		December 31,
	2013		2012
	(In thousands)
Real estate loans:
Commercial property
Retail	$	—	$	1,079
Land		1,612		2,097
Residential property		1,620		1,270
Commercial and industrial loans:
Commercial term
Unsecured		6,209		8,311
Secured by real estate		5,389		8,679
Commercial lines of credit		1,052		1,521
SBA loans		10,596		12,563
Consumer loans		1,497		1,759
Total non-accrual loans	$	27,975	$	37,279

The following table details non-performing assets as of the dates indicated:

	June 30,		December 31,
	2013		2012
	(In thousands)
Non-accrual loans	$	27,975	$	37,279
Loans 90 days or more past due and still accruing		—		—
Total non-performing loans		27,975		37,279
Other real estate owned		900		774
Total non-performing assets	$	28,875	$	38,053

Loans on non-accrual status, excluding loans held for sale, totaled $28.0 million as of June 30, 2013, compared to $37.3 million as of December 31, 2012, representing a 25.0 percent decrease. Delinquent loans (defined as 30 days or more past due), excluding loans held for sale, were $14.9 million as of June 30, 2013, compared to $16.5 million as of December 31, 2012, representing a 9.5 percent decrease.

As of June 30, 2013, other real estate owned consisted of two properties in Virginia and California with a combined carrying value of $900,000, and a valuation adjustment of $126,000 was recorded. As of December 31, 2012, there were two properties located in Illinois and Virginia with a combined carrying value of $774,000 and no valuation adjustment.

Troubled Debt Restructuring

In April 2011, the FASB issued ASU 2011-02, “A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring,” which clarifies the guidance for evaluating whether a restructuring constitutes a TDR. This guidance is effective for the first interim or annual period beginning on or after June 15, 2011, and should be applied retrospectively to the beginning of the annual period of adoption. For the purposes of measuring impairment of loans that are newly considered impaired, the guidance should be applied prospectively for the first interim or annual period beginning on or after June 15, 2011.

As a result of the amendments in ASU 2011-02, we reassessed all restructurings that occurred on or after the beginning of the annual period and identified certain receivables as TDRs. Upon identifying those receivables as TDRs, we considered them impaired and applied the impairment measurement guidance prospectively for those receivables newly identified as impaired.

During the three months ended June 30, 2013, we restructured monthly payments on 9 loans, with a net carrying value of $787,000 as of June 30, 2013, through temporary payment structure modifications or re-amortization. For the restructured loans on accrual status, we determined that, based on the financial capabilities of the borrowers at the time of the loan restructuring and the borrowers’ past performance in the payment of debt service under the previous loan terms, performance and collection under the revised terms are probable.

The following table details troubled debt restructurings, disaggregated by concession type and by loan type, as of June 30, 2013 and December 31, 2012:

	Non-Accrual TDRs										Accrual TDRs
	Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total		Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total
									(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	—	$	—	$	342	$	—	$	—	$	174	$	516
Other		—		—		—		—		—		523		—		—		—		523
Residential property		811		—		—		—		811		—		—		—		—		—
Commercial and industrial loans:
Commercial term
Unsecured		—		570		2,830		926		4,326		906		—		1,848		2,671		5,425
Secured by real estate		2,221		1,035		279		—		3,535		2,116		—		579		4,510		7,205
Commercial lines of credit		656		—		188		208		1,052		—		—		—		—		—
SBA loans		1,641		1,191		811		—		3,643		450		—		75		—		525
International loans		—		—		—		—		—		—		—		1,280		—		1,280
Consumer loans		—		—		—		—		—		—		—		149		—		149
Total	$	5,329	$	2,796	$	4,108	$	1,134	$	13,367	$	4,337	$	—	$	3,931	$	7,355	$	15,623
December 31, 2012
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	1,080	$	1,080	$	357	$	—	$	—	$	175	$	532
Other		—		—		—		—		—		527		—		—		—		527
Residential property		827		—		—		—		827		—		572		—		—		572
Commercial and industrial loans:
Commercial term
Unsecured		—		658		4,558		1,413		6,629		976		—		1,090		3,260		5,326
Secured by real estate		2,317		1,343		318		—		3,978		4,444		—		448		4,547		9,439
Commercial lines of credit		673		—		188		244		1,105		—				—		—		—
SBA loans		2,831		1,287		1,032		—		5,150		484		—		100		—		584
Total	$	6,648	$	3,288	$	6,096	$	2,737	$	18,769	$	6,788	$	572	$	1,638	$	7,982	$	16,980

The following table details troubled debt restructuring, disaggregated by loan class, for the three months ended June 30, 2013 and 2012:

	June 30, 2013						June 30, 2012
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
			(In thousands, except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured (1)		6	$	518	$	498		10	$	1,640	$	1,588
Secured by real estate (2)		—		—		—		1		378		358
Commercial lines of credit (3)		1		—		—		1		196		192
SBA loans (4)		1		148		140		4		681		653
Consumer loans (5)		1		149		149		—		—		—
Total		9	$	815	$	787		16	$	2,895	$	2,791

(1) Includes modifications of $42,000 through a reduction of principal or accrued interest and $456,000 through extensions of maturity for the three months ended June 30, 2013, and modifications of $1.2 million through payment deferrals and $394,000 through extensions of maturity for the three months ended June 30, 2012.

(2) Includes a modification of $358,000 through a reduction of principal or accrued interest for the three months ended June 30, 2012.

(3) Includes a modification of zero through a reduction of principal or accrued interest for the three months ended June 30, 2013 and a modification of $192,000 through a reduction of principal or accrued interest for the three months ended June 30, 2012.

(4) Includes a modification of $140,000 through a reduction of principal or accrued interest for the three months ended June 30, 2013, and modifications of $362,000 through payment deferrals and $291,000 through reductions of principal or accrued interest for the three months ended June 30, 2012.

(5) Includes a modification of $149,000 through a reduction of principal or accrued interest for the three months ended June 30, 2013.

The following table details troubled debt restructuring, disaggregated by loan class, for the six months ended June 30, 2013 and 2012:

	June 30, 2013						June 30, 2012
	Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
			(In thousands, except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured (1)		7		764		692		27		4,696		4,426
Secured by real estate (2)		—		—		—		3		2,211		2,144
Commercial lines of credit (3)		1		—		—		1		202		192
SBA loans (4)		2		161		147		9		975		934
International loans (5)		2		1,584		1,280		—		—		—
Consumer loans (6)		1		149		149		—		—		—
Total		13	$	2,658	$	2,268		40	$	8,084	$	7,696

(1) Includes modifications of $42,000 through a reduction of principal or accrued interest and $650,000 through extensions of maturity for the six months ended June 30, 2013, and modifications of $893,000 through payment deferrals, $1.9 million through reductions of principal or accrued interest and $1.6 million through extensions of maturity for the six months ended June 30, 2012.

(2) Includes modifications of $1.6 million through reductions of principal or accrued interest and $497,000 through an extension of maturity for the six months ended June 30, 2012.

(3) Includes a modification of zero through a reduction of principal or accrued interest for the three months ended June 30, 2013 and a modification of $192,000 through a reduction of principal or accrued interest for the six months ended June 30, 2012.

(4) Includes modifications of $7,000 through a payment deferral and $140,000 through a reduction of principal or accrued interest for the six months ended June 30, 2013, and modifications of $503,000 through payments deferral and $442,000 through reductions of principal or accrued interest for the six months ended June 30, 2012.

(5) Includes a modification of $1.3 million through reductions of principal or accrued interest for the six months ended June 30, 2013.

(6) Includes a modification of $149,000 through a reduction of principal or accrued interest for the six months ended June 30, 2013.

As of June 30, 2013 and December 31, 2012, total TDRs, excluding loans held for sale, were $29.0 million and $35.7 million, respectively. A debt restructuring is considered a TDR if we grant a concession that we would not have otherwise considered to the borrower, for economic or legal reasons related to the borrower’s financial difficulties. Loans are considered to be TDRs if they were restructured through payment structure modifications such as reducing the amount of principal and interest due monthly and/or allowing for interest only monthly payments for six months or less. All TDRs are impaired and are individually evaluated for specific impairment using one of these three criteria: (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the loan’s observable market price; or (3) the fair value of the collateral if the loan is collateral dependent.

At June 30, 2013 and December 31, 2012, TDRs, excluding loans held for sale, were subjected to specific impairment analysis, and $3.3 million and $3.6 million, respectively, of reserves relating to these loans were included in the allowance for loan losses.

The following table details troubled debt restructurings that defaulted subsequent to the modifications occurring within the previous twelve months, disaggregated by loan class, for the three and six months ended June 30, 2013 and 2012, respectively:

	Three Months Ended								Six Months Ended
	June 30, 2013				June 30, 2012				June 30, 2013				June 30, 2012
	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
							(In thousands, except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured		4	$	311		6	$	636		4	$	311		7	$	677
Secured by real estate		—		—		—		—		1		1,274		—		—
Commercial lines of credit		—		—		1		273		—		—		1		273
SBA loans		2		170		12		1,042		2		170		12		1,042
Total		6	$	481		19	$	1,951		7	$	1,755		20	$	1,992

Servicing Assets

The changes in servicing assets for the six months ended June 30, 2013 and 2012 were as follows:

	Six Months Ended June 30,
	2013			2012
	(In thousands)
Balance at beginning of period	$	5,542		$	3,720
Additions		1,580			1,702
Amortization		(739	)		(419	)
Balance at end of period	$	6,383		$	5,003

At June 30, 2013 and 2012, we serviced loans sold to unaffiliated parties in the amounts of $330.4 million and $268.8 million, respectively. These represented loans that have been sold for which the Bank continues to provide servicing. These loans are maintained off balance sheet and are not included in the loans receivable balance. All of the loans being serviced were SBA loans.

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Loans (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Loans Receivable

Loans receivable consisted of the following as of the dates indicated:

	June 30,			December 31,
	2013			2012
	(In thousands)
Real estate loans:
Commercial property	$	887,782		$	787,094
Residential property		88,654			101,778
Total real estate loans		976,436			888,872
Commercial and industrial loans:
Commercial term (1)		940,555			884,364
Commercial lines of credit (2)		45,195			56,121
SBA loans (3)		157,240			148,306
International loans		32,583			34,221
Total commercial and industrial loans		1,175,573			1,123,012
Consumer loans		35,380			36,676
Total gross loans		2,187,389			2,048,560
Allowance for loans losses		(59,876	)		(63,305	)
Deferred loan fees		695			796
Loans receivable, net	$	2,128,208		$	1,986,051

(1) Includes owner-occupied property loans of $838.5 million and $774.2 million as of June 30, 2013 and December 31, 2012, respectively.

(2) Includes owner-occupied property loans of $1.0 million and $1.4 million as of June 30, 2013 and December 31, 2012, respectively.

(3) Includes owner-occupied property loans of $142.9 million and $128.4 million as of June 30, 2013 and December 31, 2012, respectively.

Loans Receivable to Loans Held for Sale

The following table details the information on the sales and reclassifications of loans receivable to loans held for sale by portfolio segment for the three months ended June 30, 2013 and 2012:

	Real Estate			Commercial and Industrial			Consumer		Total
	(In thousands)
June 30, 2013
Balance at beginning of period	$	—		$	6,043		$	—	$	6,043
Origination of loans held for sale		—			22,834			—		22,834
Reclassification from loans receivable to loans held for sale		780			3,857			—		4,637
Sales of loans held for sale		—			(30,956	)		—		(30,956	)
Principal payoffs and amortization		—			(5	)		—		(5	)
Balance at end of period	$	780		$	1,773		$	—	$	2,553
June 30, 2012
Balance at beginning of period	$	10,879		$	45,114		$	—	$	55,993
Origination of loans held for sale		—			34,723			—		34,723
Reclassification from loans receivable to loans held for sale		15,148			11,842			—		26,990
Reclassification from loans held for sale to loans receivable		(1,647	)		(132	)		—		(1,779	)
Sales of loans held for sale		(21,909	)		(87,552	)		—		(109,461	)
Principal payoffs and amortization		(58	)		(146	)		—		(204	)
Valuation adjustments		(1,124	)		—			—		(1,124	)
Balance at end of period	$	1,289		$	3,849		$	—	$	5,138

The following table details the information on the sales and reclassifications of loans receivable to loans held for sale by portfolio segment for the six months ended June 30, 2013 and 2012:

	Real Estate			Commercial and Industrial			Consumer		Total
	(In thousands)
June 30, 2013
Balance at beginning of period	$	—		$	8,306		$	—	$	8,306
Origination of loans held for sale		—			45,978			—		45,978
Reclassification from loans receivable to loans held for sale		780			7,230			—		8,010
Sales of loans held for sale		—			(59,721	)		—		(59,721	)
Principal payoffs and amortization		—			(20	)		—		(20	)
Balance at end of period	$	780		$	1,773		$	—	$	2,553
June 30, 2012
Balance at beginning of period	$	11,068		$	11,519		$	—	$	22,587
Origination of loans held for sale		—			60,589			—		60,589
Reclassification from loans receivable to loans held for sale		32,224			32,247			—		64,471
Reclassification from loans held for sale to other real estate owned		(360	)		—			—		(360	)
Reclassification from loans held for sale to loans receivable		(1,647	)		(132	)		—		(1,779	)
Sales of loans held for sale		(38,703	)		(99,455	)		—		(138,158	)
Principal payoffs and amortization		(169	)		(262	)		—		(431	)
Valuation adjustments		(1,124	)		(657	)		—		(1,781	)
Balance at end of period	$	1,289		$	3,849		$	—	$	5,138

Allowance for Loan Losses and Allowance for Off-Balance Sheet Items

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

	As of and for the									As of and for the
	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2013			2013			2012			2013			2012
	(In thousands)
Allowance for loan losses:
Balance at beginning of period	$	61,191		$	63,305		$	81,052		$	63,305		$	89,936
Actual charge-offs		(3,490	)		(3,024	)		(14,716	)		(6,514	)		(27,037	)
Recoveries on loans previously charged off		1,867			714			1,324			2,581			2,361
Net loan charge-offs		(1,623	)		(2,310	)		(13,392	)		(3,933	)		(24,676	)
Provision charged to operating expense		308			196			4,233			504			6,633
Balance at end of period	$	59,876		$	61,191		$	71,893		$	59,876		$	71,893
Allowance for off-balance sheet items:
Balance at beginning of period	$	1,628		$	1,824		$	2,581		$	1,822		$	2,981
Provision charged to operating expense		(308	)		(196	)		(233	)		(504	)		(633	)
Balance at end of period	$	1,320		$	1,628		$	2,348		$	1,318		$	2,348

Allowance for Loan Losses by Portfolio Segment

The following table details the information on the allowance for loan losses by portfolio segment for the three months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer			Unallocated			Total
	(In thousands)
June 30, 2013
Allowance for loan losses:
Beginning balance	$	17,832		$	39,560		$	1,795		$	2,004		$	61,191
Charge-offs		(146	)		(3,308	)		(36	)		—			(3,490	)
Recoveries on loans previously charged off		1,042			819			6			—			1,867
Provision		(248	)		1,963			119			(1,526	)		308
Ending balance	$	18,480		$	39,034		$	1,884		$	478		$	59,876
Ending balance: individually evaluated for impairment	$	28		$	5,011		$	385		$	—		$	5,424
Ending balance: collectively evaluated for impairment	$	18,452		$	34,023		$	1,499		$	478		$	54,452
Loans receivable:
Ending balance	$	976,436		$	1,175,573		$	35,380		$	—		$	2,187,389
Ending balance: individually evaluated for impairment	$	6,972		$	37,055		$	1,647		$	—		$	45,674
Ending balance: collectively evaluated for impairment	$	969,464		$	1,138,518		$	33,733		$	—		$	2,141,715
June 30, 2012
Allowance for loan losses:
Beginning balance	$	22,230		$	54,638		$	2,244		$	1,940		$	81,052
Charge-offs		(5,243	)		(9,393	)		(80	)		—			(14,716	)
Recoveries on loans previously charged off		517			789			18			—			1,324
Provision		3,902			776			(425	)		(20	)		4,233
Ending balance	$	21,406		$	46,810		$	1,757		$	1,920		$	71,893
Ending balance: individually evaluated for impairment	$	437		$	7,224		$	—		$	—		$	7,661
Ending balance: collectively evaluated for impairment	$	20,969		$	39,586		$	1,757		$	1,920		$	64,232
Loans receivable:
Ending balance	$	839,816		$	1,070,469		$	39,339		$	—		$	1,949,624
Ending balance: individually evaluated for impairment	$	16,619		$	42,087		$	1,401		$	—		$	60,107
Ending balance: collectively evaluated for impairment	$	823,197		$	1,028,382		$	37,938		$	—		$	1,889,517

The following table details the information on the allowance for loan losses by portfolio segment for the six months ended June 30, 2013 and 2012:

				Commercial
	Real Estate			and Industrial			Consumer			Unallocated			Total
	(In thousands)
June 30, 2013
Allowance for loan losses:
Beginning balance	$	18,180		$	41,928		$	2,280		$	917		$	63,305
Charge-offs		(359	)		(5,955	)		(200	)		—			(6,514	)
Recoveries on loans previously charged off		1,050			1,476			55			—			2,581
Provision		(391	)		1,585			(251	)		(439	)		504
Ending balance	$	18,480		$	39,034		$	1,884		$	478		$	59,876
Ending balance: individually evaluated for impairment	$	28		$	5,011		$	385		$	—		$	5,424
Ending balance: collectively evaluated for impairment	$	18,452		$	34,023		$	1,499		$	478		$	54,452
Loans receivable:
Ending balance	$	976,436		$	1,175,573		$	35,380		$	—		$	2,187,389
Ending balance: individually evaluated for impairment	$	6,972		$	37,055		$	1,647		$	—		$	45,674
Ending balance: collectively evaluated for impairment	$	969,464		$	1,138,518		$	33,733		$	—		$	2,141,715
June 30, 2012
Allowance for loan losses:
Beginning balance	$	19,637		$	66,005		$	2,243		$	2,051		$	89,936
Charge-offs		(8,085	)		(18,508	)		(444	)		—			(27,037	)
Recoveries on loans previously charged off		517			1,802			42			—			2,361
Provision		9,337			(2,489	)		(84	)		(131	)		6,633
Ending balance	$	21,406		$	46,810		$	1,757		$	1,920			71,893
Ending balance: individually evaluated for impairment	$	437		$	7,224		$	—		$	—			7,661
Ending balance: collectively evaluated for impairment	$	20,969		$	39,586		$	1,757		$	1,920			64,232
Loans receivable:														—
Ending balance	$	839,816		$	1,070,469		$	39,339		$	—			1,949,624
Ending balance: individually evaluated for impairment	$	16,619		$	42,087		$	1,401		$	—			60,107
Ending balance: collectively evaluated for impairment	$	823,197		$	1,028,382		$	37,938		$	—			1,889,517

Credit Quality of Loan Portfolio

As of June 30, 2013 and December 31, 2012, pass (grade 0-4), criticized (grade 5) and classified (grade 6-7) loans, disaggregated by loan class, were as follows:

	Pass (Grade 0-4)		Criticized (Grade 5)		Classified (Grade 6-7)		Total Loans
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	433,954	$	3,755	$	2,362	$	440,071
Land		5,465		—		7,981		13,446
Other		419,664		12,026		2,575		434,265
Residential property		86,677		—		1,977		88,654
Commercial and industrial loans:
Commercial term
Unsecured		84,786		631		16,612		102,029
Secured by real estate		779,408		16,105		43,013		838,526
Commercial lines of credit		42,914		608		1,673		45,195
SBA loans		146,716		884		9,640		157,240
International loans		31,303		—		1,280		32,583
Consumer loans		32,617		181		2,582		35,380
Total gross loans	$	2,063,504	$	34,190	$	89,695	$	2,187,389
December 31, 2012
Real estate loans:
Commercial property
Retail	$	386,650	$	3,971	$	2,324	$	392,945
Land		5,491		—		8,516		14,007
Other		366,518		12,132		1,492		380,142
Residential property		99,250		—		2,528		101,778
Commercial and industrial loans:
Commercial term
Unsecured		87,370		663		22,139		110,172
Secured by real estate		710,723		13,038		50,431		774,192
Commercial lines of credit		53,391		863		1,867		56,121
SBA loans		136,058		1,119		11,129		148,306
International loans		34,221		—		—		34,221
Consumer loans		33,707		201		2,768		36,676
Total gross loans	$	1,913,379	$	31,987	$	103,194	$	2,048,560

Analysis of Past Due Loans, Disaggregated by Loan Class

The following is an aging analysis of past due loans, disaggregated by loan class, as of June 30, 2013 and December 31, 2012:

	30-59 Days  Past Due		60-89 Days  Past Due		90 Days or More  Past Due		Total Past Due		Current		Total Loans		Accruing 90 Days  or More Past Due
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	—	$	440,071	$	440,071	$	—
Land		—		—		—		—		13,446		13,446		—
Other		—		—		—		—		434,265		434,265		—
Residential property		—		219		810		1,029		87,625		88,654		—
Commercial and industrial loans:
Commercial term
Unsecured		416		455		1,885		2,756		99,273		102,029		—
Secured by real estate		—		—		122		122		838,404		838,526		—
Commercial lines of credit		—		146		188		334		44,861		45,195		—
SBA loans		2,376		2,707		3,718		8,801		148,439		157,240		—
International loans		—		—		—		—		32,583		32,583		—
Consumer loans		492		962		413		1,867		33,513		35,380		—
Total gross loans	$	3,284	$	4,489	$	7,136	$	14,909	$	2,172,480	$	2,187,389	$	—
December 31, 2012
Real estate loans:
Commercial property
Retail	$	—	$	111	$	—	$	111	$	392,834	$	392,945	$	—
Land		—		—		335		335		13,672		14,007		—
Other		—		—		—		—		380,142		380,142		—
Residential property		—		588		311		899		100,879		101,778		—
Commercial and industrial loans:
Commercial term
Unsecured		918		1,103		1,279		3,300		106,872		110,172		—
Secured by real estate		1,949		—		926		2,875		771,317		774,192		—
Commercial lines of credit		—		188		416		604		55,517		56,121		—
SBA loans		3,759		1,039		2,800		7,598		140,708		148,306		—
International loans		—		—		—		—		34,221		34,221		—
Consumer loans		61		146		538		745		35,931		36,676		—
Total gross loans	$	6,687	$	3,175	$	6,605	$	16,467	$	2,032,093	$	2,048,560	$	—

Information on Impaired Loans, Disaggregated by Loan Class

The following table provides information on impaired loans, disaggregated by loan class, as of the dates indicated:

	Recorded Investment		Unpaid  Principal Balance		With No Related Allowance Recorded		With an Allowance Recorded		Related Allowance
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	1,818	$	1,818	$	1,818	$	—	$	—
Land		1,612		1,902		1,612		—		—
Other		523		523		—		523		28
Residential property		3,019		3,091		3,019		—		—
Commercial and industrial loans:
Commercial term
Unsecured		12,689		13,742		3,440		9,249		3,863
Secured by real estate		16,492		17,649		15,887		605		119
Commercial lines of credit		1,052		1,259		1,052		—		—
SBA loans		5,541		8,832		3,363		2,178		998
International loans		1,281		1,280		572		709		31
Consumer loans		1,647		1,718		457		1,190		385
Total gross loans	$	45,674	$	51,814	$	31,220	$	14,454	$	5,424
December 31, 2012
Real estate loans:
Commercial property
Retail	$	2,930	$	3,024	$	2,930	$	—	$	—
Land		2,097		2,307		2,097		—		—
Other		527		527		—		527		67
Residential property		3,265		3,308		1,866		1,399		94
Commercial and industrial loans:
Commercial term
Unsecured		14,532		15,515		6,826		7,706		2,144
Secured by real estate		22,050		23,221		9,520		12,530		2,319
Commercial lines of credit		1,521		1,704		848		673		230
SBA loans		6,170		10,244		4,294		1,876		762
International loans		—		—		—		—		—
Consumer loans		1,652		1,711		449		1,203		615
Total gross loans	$	54,744	$	61,561	$	28,830	$	25,914	$	6,231

The following table provides information on impaired loans, disaggregated by loan class, as of dates indicated:

	Average Recorded Investment for the Three Months Ended		Interest Income Recognized for the Three Months Ended		Average Recorded Investment for the Six  Months Ended		Interest Income Recognized for the Six Months Ended
	(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	1,823	$	18	$	2,309	$	44
Land		1,637		40		1,674		80
Other		524		6		525		10
Residential property		3,027		31		3,043		59
Commercial and industrial loans:
Commercial term
Unsecured		12,933		221		13,093		406
Secured by real estate		16,539		305		17,026		618
Commercial lines of credit		1,060		9		1,286		24
SBA loans		5,595		281		6,034		554
International loans		1,330		—		1,414		—
Consumer loans		1,649		15		1,646		27
Total gross loans	$	46,117	$	926	$	48,050	$	1,822
June 30, 2012
Real estate loans:
Commercial property
Retail	$	2,546	$	19	$	1,945	$	48
Land		2,137		45		2,175		91
Other		878		11		1,138		33
Construction		7,983		89		8,090		178
Residential property		3,177		48		3,259		84
Commercial and industrial loans:
Commercial term
Unsecured		13,474		192		14,257		430
Secured by real estate		19,021		525		22,756		958
Commercial lines of credit		1,788		22		1,835		30
SBA loans		8,336		286		8,150		483
Consumer loans		1,402		2		903		10
Total gross loans	$	60,742	$	1,239	$	64,508	$	2,345

Summary of Interest Foregone on Impaired Loans

The following is a summary of interest foregone on impaired loans for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2013			2012			2013			2012
	(In thousands)
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	$	1,057		$	1,505		$	2,125		$	2,933
Less: Interest income recognized on impaired loans		(926	)		(1,239	)		(1,822	)		(2,345	)
Interest foregone on impaired loans	$	131		$	266		$	303		$	588

Non-Accrual Loans, Disaggregated by Loan Class

The following table details non-accrual loans, disaggregated by loan class, as of the dates indicated:

	June 30,		December 31,
	2013		2012
	(In thousands)
Real estate loans:
Commercial property
Retail	$	—	$	1,079
Land		1,612		2,097
Residential property		1,620		1,270
Commercial and industrial loans:
Commercial term
Unsecured		6,209		8,311
Secured by real estate		5,389		8,679
Commercial lines of credit		1,052		1,521
SBA loans		10,596		12,563
Consumer loans		1,497		1,759
Total non-accrual loans	$	27,975	$	37,279

Non-Performing Assets

The following table details non-performing assets as of the dates indicated:

	June 30,		December 31,
	2013		2012
	(In thousands)
Non-accrual loans	$	27,975	$	37,279
Loans 90 days or more past due and still accruing		—		—
Total non-performing loans		27,975		37,279
Other real estate owned		900		774
Total non-performing assets	$	28,875	$	38,053

Troubled Debt Restructurings, Disaggregated by Type of Concession and by Loan Type

The following table details troubled debt restructurings, disaggregated by concession type and by loan type, as of June 30, 2013 and December 31, 2012:

	Non-Accrual TDRs										Accrual TDRs
	Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total		Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total
									(In thousands)
June 30, 2013
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	—	$	—	$	342	$	—	$	—	$	174	$	516
Other		—		—		—		—		—		523		—		—		—		523
Residential property		811		—		—		—		811		—		—		—		—		—
Commercial and industrial loans:
Commercial term
Unsecured		—		570		2,830		926		4,326		906		—		1,848		2,671		5,425
Secured by real estate		2,221		1,035		279		—		3,535		2,116		—		579		4,510		7,205
Commercial lines of credit		656		—		188		208		1,052		—		—		—		—		—
SBA loans		1,641		1,191		811		—		3,643		450		—		75		—		525
International loans		—		—		—		—		—		—		—		1,280		—		1,280
Consumer loans		—		—		—		—		—		—		—		149		—		149
Total	$	5,329	$	2,796	$	4,108	$	1,134	$	13,367	$	4,337	$	—	$	3,931	$	7,355	$	15,623
December 31, 2012
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	1,080	$	1,080	$	357	$	—	$	—	$	175	$	532
Other		—		—		—		—		—		527		—		—		—		527
Residential property		827		—		—		—		827		—		572		—		—		572
Commercial and industrial loans:
Commercial term
Unsecured		—		658		4,558		1,413		6,629		976		—		1,090		3,260		5,326
Secured by real estate		2,317		1,343		318		—		3,978		4,444		—		448		4,547		9,439
Commercial lines of credit		673		—		188		244		1,105		—				—		—		—
SBA loans		2,831		1,287		1,032		—		5,150		484		—		100		—		584
Total	$	6,648	$	3,288	$	6,096	$	2,737	$	18,769	$	6,788	$	572	$	1,638	$	7,982	$	16,980

Troubled Debt Restructuring, Disaggregated by Loan Class

The following table details troubled debt restructuring, disaggregated by loan class, for the three months ended June 30, 2013 and 2012:

	June 30, 2013						June 30, 2012
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
			(In thousands, except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured (1)		6	$	518	$	498		10	$	1,640	$	1,588
Secured by real estate (2)		—		—		—		1		378		358
Commercial lines of credit (3)		1		—		—		1		196		192
SBA loans (4)		1		148		140		4		681		653
Consumer loans (5)		1		149		149		—		—		—
Total		9	$	815	$	787		16	$	2,895	$	2,791

(1) Includes modifications of $42,000 through a reduction of principal or accrued interest and $456,000 through extensions of maturity for the three months ended June 30, 2013, and modifications of $1.2 million through payment deferrals and $394,000 through extensions of maturity for the three months ended June 30, 2012.

(2) Includes a modification of $358,000 through a reduction of principal or accrued interest for the three months ended June 30, 2012.

(3) Includes a modification of zero through a reduction of principal or accrued interest for the three months ended June 30, 2013 and a modification of $192,000 through a reduction of principal or accrued interest for the three months ended June 30, 2012.

(4) Includes a modification of $140,000 through a reduction of principal or accrued interest for the three months ended June 30, 2013, and modifications of $362,000 through payment deferrals and $291,000 through reductions of principal or accrued interest for the three months ended June 30, 2012.

(5) Includes a modification of $149,000 through a reduction of principal or accrued interest for the three months ended June 30, 2013.

	June 30, 2013						June 30, 2012
	Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
			(In thousands, except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured (1)		7		764		692		27		4,696		4,426
Secured by real estate (2)		—		—		—		3		2,211		2,144
Commercial lines of credit (3)		1		—		—		1		202		192
SBA loans (4)		2		161		147		9		975		934
International loans (5)		2		1,584		1,280		—		—		—
Consumer loans (6)		1		149		149		—		—		—
Total		13	$	2,658	$	2,268		40	$	8,084	$	7,696

(1) Includes modifications of $42,000 through a reduction of principal or accrued interest and $650,000 through extensions of maturity for the six months ended June 30, 2013, and modifications of $893,000 through payment deferrals, $1.9 million through reductions of principal or accrued interest and $1.6 million through extensions of maturity for the six months ended June 30, 2012.

(2) Includes modifications of $1.6 million through reductions of principal or accrued interest and $497,000 through an extension of maturity for the six months ended June 30, 2012.

(3) Includes a modification of zero through a reduction of principal or accrued interest for the three months ended June 30, 2013 and a modification of $192,000 through a reduction of principal or accrued interest for the six months ended June 30, 2012.

(4) Includes modifications of $7,000 through a payment deferral and $140,000 through a reduction of principal or accrued interest for the six months ended June 30, 2013, and modifications of $503,000 through payments deferral and $442,000 through reductions of principal or accrued interest for the six months ended June 30, 2012.

(5) Includes a modification of $1.3 million through reductions of principal or accrued interest for the six months ended June 30, 2013.

(6) Includes a modification of $149,000 through a reduction of principal or accrued interest for the six months ended June 30, 2013.

Troubled Debt Restructurings that Defaulted Subsequent to Modifications Occurring Within Previous Twelve Months, Disaggregated by Loan Class

The following table details troubled debt restructurings that defaulted subsequent to the modifications occurring within the previous twelve months, disaggregated by loan class, for the three and six months ended June 30, 2013 and 2012, respectively:

	Three Months Ended								Six Months Ended
	June 30, 2013				June 30, 2012				June 30, 2013				June 30, 2012
	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
	(In thousands except number of loans)
Commercial and industrial loans:
Commercial term
Unsecured		4	$	311		6	$	636		4	$	311		7	$	677
Secured by real estate		—		—		—		—		1		1,274		—		—
Commercial lines of credit		—		—		1		273		—		—		1		273
SBA loans		2		170		12		1,042		2		170		12		1,042
Total		6	$	481		19	$	1,951		7	$	1,755		20	$	1,992

Changes in Servicing Assets

The changes in servicing assets for the six months ended June 30, 2013 and 2012 were as follows:

	Six Months Ended June 30,
	2013			2012
	(In thousands)
Balance at beginning of period	$	5,542		$	3,720
Additions		1,580			1,702
Amortization		(739	)		(419	)
Balance at end of period	$	6,383		$	5,003

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Share-Based Compensation - Share-Based Payment Award Activity (Parenthetical) (Detail) (USD $)	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Intrinsic value represents the excess of the closing stock price related to options outstanding	$ 17.67	$ 16.00	$ 13.59

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Regulatory Matters - Capital Ratios of Hanmi Financial and Bank (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2012
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Minimum Regulatory Requirement Ratio for Total capital to risk-weighted assets	8.00%
Minimum Regulatory Requirement Ratio for Tier 1 capital to risk-weighted assets	4.00%
Minimum Regulatory Requirement Ratio for Tier 1 capital to average assets	4.00%
Minimum to Be Categorized as Well Capitalized Percentage, Total capital to risk-weighted assets	10.00%
Minimum to Be Categorized as Well Capitalized Percentage, Tier 1 capital to risk-weighted assets	6.00%
Hanmi Financial [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Actual Capital, Total capital to risk-weighted assets	$ 399,496	$ 422,301
Actual Capital, Tier 1 capital to risk-weighted assets	369,737	395,342
Actual Capital, Tier 1 capital to average assets	369,737	395,342
Actual Capital Percentage, Total capital to risk-weighted assets	17.08%	20.02%
Actual Capital Percentage, Tier 1 capital to risk-weighted assets	15.81%	18.74%
Actual Capital Percentage, Tier 1 capital to average assets	13.35%	14.70%
Minimum Regulatory Requirement Capital, Total capital to risk-weighted assets	187,087	168,754
Minimum Regulatory Requirement Capital, Tier 1 capital to risk-weighted assets	93,544	84,377
Minimum Regulatory Requirement Capital, Tier 1 capital to average assets	110,786	107,587
Minimum Regulatory Requirement Ratio for Total capital to risk-weighted assets	8.00%	8.00%
Minimum Regulatory Requirement Ratio for Tier 1 capital to risk-weighted assets	4.00%	4.00%
Minimum Regulatory Requirement Ratio for Tier 1 capital to average assets	4.00%	4.00%
Hanmi Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Actual Capital, Total capital to risk-weighted assets	386,124	401,456
Actual Capital, Tier 1 capital to risk-weighted assets	356,485	374,540
Actual Capital, Tier 1 capital to average assets	356,485	374,540
Actual Capital Percentage, Total capital to risk-weighted assets	16.53%	19.06%
Actual Capital Percentage, Tier 1 capital to risk-weighted assets	15.26%	17.79%
Actual Capital Percentage, Tier 1 capital to average assets	12.88%	13.95%
Minimum Regulatory Requirement Capital, Total capital to risk-weighted assets	186,833	168,467
Minimum Regulatory Requirement Capital, Tier 1 capital to risk-weighted assets	93,417	84,234
Minimum Regulatory Requirement Capital, Tier 1 capital to average assets	110,705	107,361
Minimum Regulatory Requirement Ratio for Total capital to risk-weighted assets	8.00%	8.00%
Minimum Regulatory Requirement Ratio for Tier 1 capital to risk-weighted assets	4.00%	4.00%
Minimum Regulatory Requirement Ratio for Tier 1 capital to average assets	4.00%	4.00%
Minimum to Be Categorized as Well Capitalized Capital, Total capital to risk-weighted assets	233,541	210,584
Minimum to Be Categorized as Well Capitalized Capital, Tier 1 capital to risk-weighted assets	140,125	126,351
Minimum to Be Categorized as Well Capitalized Capital, Tier 1 capital to average assets	$ 138,382	$ 134,201
Minimum to Be Categorized as Well Capitalized Percentage, Total capital to risk-weighted assets	10.00%	10.00%
Minimum to Be Categorized as Well Capitalized Percentage, Tier 1 capital to risk-weighted assets	6.00%	6.00%
Minimum to Be Categorized as Well Capitalized Percentage, Tier 1 capital to average assets	5.00%	5.00%

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Liquidity

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Liquidity

Note 11 — Liquidity

Hanmi Financial

Management believes that Hanmi Financial, on a stand-alone basis, has adequate liquid assets to meet its operating cash needs through June 30, 2014. Hanmi Financial redeemed $30.9 million of trust preferred securities (“TPS”) in March 2013, and fully paid the remaining $51.5 million of TPS in April 2013.

Hanmi Bank

The principal objective of our liquidity management program is to maintain the Bank’s ability to meet the day-to-day cash flow requirements of our customers who either wish to withdraw funds or to draw upon credit facilities to meet their cash needs. Management believes that the Bank, on a stand-alone basis, has adequate liquid assets to meet its current obligations. The Bank’s primary funding source will continue to be deposits originating from its branch platform. The Bank’s wholesale funds historically consisted of FHLB advances and brokered deposits. As of June 30, 2013, the Bank had no brokered deposits, and had FHLB advances of $2.7 million compared to $2.9 million as of December 31, 2012.

We monitor the sources and uses of funds on a regular basis to maintain an acceptable liquidity position. The Bank’s primary source of borrowings is the FHLB, from which the Bank is eligible to borrow up to 30 percent of its total assets. As of June 30, 2013, the total borrowing capacity available based on pledged collateral and the remaining available borrowing capacity were $429.2 million and $426.5 million, respectively, compared to $275.1 million and $272.2 million, respectively, as of December 31, 2012. The Bank’s FHLB borrowings as of June 30, 2013 and December 31, 2012 totaled $2.7 million and $2.9 million, respectively, which represented 0.10 percent of total assets as of both dates.

The amount that the FHLB is willing to advance differs based on the quality and character of qualifying collateral pledged by the Bank, and the advance rates for qualifying collateral may be adjusted upwards or downwards by the FHLB from time to time. To the extent deposit renewals and deposit growth are not sufficient to fund maturing and withdrawable deposits, repay maturing borrowings, fund existing and future loans and investment securities and otherwise fund working capital needs and capital expenditures, the Bank may utilize the remaining borrowing capacity from its FHLB borrowing arrangement.

As a means of augmenting its liquidity, the Bank had an available borrowing source of $99.5 million from the Federal Reserve Discount Window (the “Fed Discount Window”), to which the Bank pledged loans with a carrying value of $138.6 million, and had no borrowings as of June 30, 2013. In December 2012, the Bank established a line of credit with Raymond James & Associates, Inc. for reverse repurchase agreements up to a maximum of $100.0 million.

The Bank has Contingency Funding Plans (“CFPs”) designed to ensure that liquidity sources are sufficient to meet its ongoing obligations and commitments, particularly in the event of a liquidity contraction. The CFPs are designed to examine and quantify its liquidity under various “stress” scenarios. Furthermore, the CFPs provide a framework for management and other critical personnel to follow in the event of a liquidity contraction or in anticipation of such an event. The CFPs address authority for activation and decision making, liquidity options and the responsibilities of key departments in the event of a liquidity contraction.

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Loans - Troubled Debt Restructurings, Disaggregated by Type of Concession and by Loan Type (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal	$ 5,329	$ 6,648
Non-Accrual TDRs, Deferral of Principal and Interest	2,796	3,288
Non-Accrual TDRs, Reduction of Principal and Interest	4,108	6,096
Non-Accrual TDRs, Extension of Maturity	1,134	2,737
Non-Accrual TDRs	13,367	18,769
Accrual TDRs, Deferral of Principal	4,337	6,788
Accrual TDRs Deferral of Principal and Interest		572
Accrual TDRs, Reduction of Principal and Interest	3,931	1,638
Accrual TDRs, Extension of Maturity	7,355	7,982
Accrual TDRs	15,623	16,980
Consumer loans [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal
Non-Accrual TDRs, Deferral of Principal and Interest
Non-Accrual TDRs, Reduction of Principal and Interest
Non-Accrual TDRs, Extension of Maturity
Non-Accrual TDRs
Accrual TDRs, Deferral of Principal
Accrual TDRs Deferral of Principal and Interest
Accrual TDRs, Reduction of Principal and Interest	149
Accrual TDRs, Extension of Maturity
Accrual TDRs	149
Real estate loans [Member] | Retail [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal
Non-Accrual TDRs, Deferral of Principal and Interest
Non-Accrual TDRs, Reduction of Principal and Interest
Non-Accrual TDRs, Extension of Maturity		1,080
Non-Accrual TDRs		1,080
Accrual TDRs, Deferral of Principal	342	357
Accrual TDRs Deferral of Principal and Interest
Accrual TDRs, Reduction of Principal and Interest
Accrual TDRs, Extension of Maturity	174	175
Accrual TDRs	516	532
Real estate loans [Member] | Other [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal
Non-Accrual TDRs, Deferral of Principal and Interest
Non-Accrual TDRs, Reduction of Principal and Interest
Non-Accrual TDRs, Extension of Maturity
Non-Accrual TDRs
Accrual TDRs, Deferral of Principal	523	527
Accrual TDRs Deferral of Principal and Interest
Accrual TDRs, Reduction of Principal and Interest
Accrual TDRs, Extension of Maturity
Accrual TDRs	523	527
Real estate loans [Member] | Residential property [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal	811	827
Non-Accrual TDRs, Deferral of Principal and Interest
Non-Accrual TDRs, Reduction of Principal and Interest
Non-Accrual TDRs, Extension of Maturity
Non-Accrual TDRs	811	827
Accrual TDRs, Deferral of Principal
Accrual TDRs Deferral of Principal and Interest		572
Accrual TDRs, Reduction of Principal and Interest
Accrual TDRs, Extension of Maturity
Accrual TDRs		572
Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal
Non-Accrual TDRs, Deferral of Principal and Interest	570	658
Non-Accrual TDRs, Reduction of Principal and Interest	2,830	4,558
Non-Accrual TDRs, Extension of Maturity	926	1,413
Non-Accrual TDRs	4,326	6,629
Accrual TDRs, Deferral of Principal	906	976
Accrual TDRs Deferral of Principal and Interest
Accrual TDRs, Reduction of Principal and Interest	1,848	1,090
Accrual TDRs, Extension of Maturity	2,671	3,260
Accrual TDRs	5,425	5,326
Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal	2,221	2,317
Non-Accrual TDRs, Deferral of Principal and Interest	1,035	1,343
Non-Accrual TDRs, Reduction of Principal and Interest	279	318
Non-Accrual TDRs, Extension of Maturity
Non-Accrual TDRs	3,535	3,978
Accrual TDRs, Deferral of Principal	2,116	4,444
Accrual TDRs Deferral of Principal and Interest
Accrual TDRs, Reduction of Principal and Interest	579	448
Accrual TDRs, Extension of Maturity	4,510	4,547
Accrual TDRs	7,205	9,439
Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal	656	673
Non-Accrual TDRs, Deferral of Principal and Interest
Non-Accrual TDRs, Reduction of Principal and Interest	188	188
Non-Accrual TDRs, Extension of Maturity	208	244
Non-Accrual TDRs	1,052	1,105
Accrual TDRs, Deferral of Principal
Accrual TDRs Deferral of Principal and Interest
Accrual TDRs, Reduction of Principal and Interest
Accrual TDRs, Extension of Maturity
Accrual TDRs
Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal	1,641	2,831
Non-Accrual TDRs, Deferral of Principal and Interest	1,191	1,287
Non-Accrual TDRs, Reduction of Principal and Interest	811	1,032
Non-Accrual TDRs, Extension of Maturity
Non-Accrual TDRs	3,643	5,150
Accrual TDRs, Deferral of Principal	450	484
Accrual TDRs Deferral of Principal and Interest
Accrual TDRs, Reduction of Principal and Interest	75	100
Accrual TDRs, Extension of Maturity
Accrual TDRs	525	584
Commercial and industrial loans [Member] | International loans [Member]
Financing Receivable, Modifications [Line Items]
Non-Accrual TDRs, Deferral of Principal
Non-Accrual TDRs, Deferral of Principal and Interest
Non-Accrual TDRs, Reduction of Principal and Interest
Non-Accrual TDRs, Extension of Maturity
Non-Accrual TDRs
Accrual TDRs, Deferral of Principal
Accrual TDRs Deferral of Principal and Interest
Accrual TDRs, Reduction of Principal and Interest	1,280
Accrual TDRs, Extension of Maturity
Accrual TDRs	$ 1,280

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Fair Value Measurements - Additional Information (Detail) (USD $)	6 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Tax credit to be received	1 year 8 months 12 days
Percentage of decline in bond value	0.89%
Loans held for sale	$ 2,553,000	$ 6,043,000	$ 8,306,000	$ 5,138,000	$ 55,993,000	$ 22,587,000
Zero Coupon Municipal Bond [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Zero coupon tax credit municipal bond, recorded at estimated fair value	762,000		779,000
Significant Observable Inputs with No Active Market with Identical Characteristics [Member] | Non-recurring Basis [Member] | Small Business Administration Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0		7,800,000
Significant Observable Inputs with No Active Market with Identical Characteristics [Member] | Non-recurring Basis [Member] | Non-Performing Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	$ 2,600,000		$ 484,000

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Loans - Additional Information (Detail) (USD $)	3 Months Ended			6 Months Ended
	Jun. 30, 2013 Quarters Property SecurityLoan	Jun. 30, 2012	Mar. 31, 2010 Quarters	Jun. 30, 2013 Property SecurityLoan	Jun. 30, 2012	Dec. 31, 2012 Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest on loans receivable	$ 7,441,000			$ 7,441,000		$ 7,581,000
Loans receivable	691,600,000			691,600,000		524,000,000
Loans receivable reclassified as loans held for sale	4,637,000	26,990,000		8,010,000	64,471,000
Sale of loans held for sale	30,956,000	109,461,000		59,721,000	138,158,000
Look-back period	12		12
Revised look-back period			8
Allowance for loan losses, provision recognized				(5,900,000)
Due period for considering loans as impaired				90 days or more
Non-accrual loans	27,975,000			27,975,000		37,279,000
Percentage decrease in loans on non-accrual status, excluding loans held for sale				25.00%
Delinquent loans (defined as 30 days or more past due), excluding loans held for sale	14,909,000			14,909,000		16,467,000
Percentage decrease in delinquent loans excluding loans held for sale				9.50%
Number of real estate properties	2			2		2
Net valuation adjustment	126,000			126,000
Net carrying value of other real estate property	900,000			900,000		774,000
Restructured payments net carrying value	787,000	2,791,000		2,268,000	7,696,000
Properties subject to restructured payments net carrying value	9			9
Loans held for sale excluded from TDR loans receivable	29,000,000			29,000,000		35,700,000
Principal and interest due				6 months
Reserve relating to these loans was included in the allowance for loan losses	3,300,000			3,300,000		3,600,000
Serviced loans sold to unaffiliated parties	$ 330,400,000	$ 268,800,000		$ 330,400,000	$ 268,800,000
Most recent four quarters [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of weighted look-back period	50.00%		60.00%
Oldest four quarters [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of weighted look-back period	17.00%		40.00%
Next four quarters [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of weighted look-back period	33.00%

XML

Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Unrecognized Share-Based Compensation Expense

As of June 30, 2013, unrecognized share-based compensation expense was as follows:

			Average Expected
	Unrecognized		Recognition
	Expense		Period
	(In thousands)
Stock option awards	$	768		2.5 years
Restricted stock awards		33		0.8 years
Total unrecognized share-based compensation expense	$	801		2.4 years

Share-Based Payment Award Activity

The table below provides stock option information for the three months ended June 30, 2013:

								Aggregate
				Weighted-		Weighted		Intrinsic
				Average		Average		Value of
				Exercise		Remaining		In-the-
	Number of			Price Per		Contractual		Money
	Shares			Share		Life		Options
	(In thousands, except share and per share data)
Options outstanding at beginning of period		335,320		$	37.78		7.7 years	$	359	(1)
Options exercised		(562	)	$	12.54		9.5 years
Options forfeited		(1,125	)	$	12.54		9.5 years
Options expired		(3,663	)	$	81.22		4.3 years
Options outstanding at end of period		329,970		$	37.43		7.5 years	$	1,015	(2)
Options exercisable at end of period		171,407		$	60.50		5.8 years	$	572	(2)

(1) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $16.00 as of March 31, 2013, over the exercise price, multiplied by the number of options.

(2) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $17.67 as of June 30, 2013, over the exercise price, multiplied by the number of options.

The table below provides stock option information for the six months ended June 30, 2013:

								Aggregate
				Weighted-		Weighted		Intrinsic
				Average		Average		Value of
				Exercise		Remaining		In-the-
	Number of			Price Per		Contractual		Money
	Shares			Share		Life		Options
	(In thousands, except share and per share data)
Options outstanding at beginning of period		342,950		$	37.44		8.0 years	$	359	(1)
Options exercised		(2,241	)	$	12.54		9.5 years
Options forfeited		(6,376	)	$	12.54		9.5 years
Options expired		(4,363	)	$	87.60		3.8 years
Options outstanding at end of period		329,970		$	37.43		7.5 years	$	1,015	(2)
Options exercisable at end of period		171,407		$	60.50		5.8 years	$	572	(2)

(1) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $13.59 as of December 31, 2012, over the exercise price, multiplied by the number of options.

(2) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $17.67 as of June 30, 2013, over the exercise price, multiplied by the number of options.

Schedule of Restricted Stock Awards

The table below provides information for restricted stock awards for the three and six months ended June 30, 2013:

	Three Months Ended					Six Months Ended
				Weighted-					Weighted-
				Average					Average
				Grant Date					Grant Date
	Number of			Fair Value		Number of			Fair Value
	Shares			Per Share		Shares			Per Share
Restricted stock at beginning of period		8,000		$	10.97		10,500		$	10.83
Restricted stock vested		(4,500	)	$	10.95		(7,000	)	$	10.75
Restricted stock at end of period		3,500		$	10.99		3,500		$	10.99

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

As of June 30, 2013 and December 31, 2012, assets and liabilities measured at fair value on a recurring basis are as follows:

	Level 1		Level 2		Level 3
	Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs with No Active Market with Identical Characteristics		Significant Unobservable Inputs		Balance
	(In thousands)
As of June 30, 2013
Assets:
Debt securities available-for-sale:
Mortgage-backed securities	$	—	$	124,618	$	—	$	124,618
Collateralized mortgage obligations		—		84,848		—		84,848
U.S. government agency securities		97,604		—		—		97,604
Municipal bonds-tax exempt		—		9,889		762		10,651
Municipal bonds-taxable		—		45,546		—		45,546
Corporate bonds		—		20,375		—		20,375
SBA loan pools securities		—		13,501		—		13,501
Other securities		—		2,933		—		2,933
Total debt securities available-for-sale		97,604		301,710		762		400,076
Equity securities available-for-sale:
Financial services industry		739		—		—		739
Total equity securities available-for-sale		739		—		—		739
Total securities available-for-sale	$	98,343	$	301,710	$	762	$	400,815
Liabilities:
Stock warrants	$	—	$	—	$	5	$	5
December 31, 2012:
Assets:
Debt securities available-for-sale:
Mortgage-backed securities	$	—	$	160,326	$	—	$	160,326
Collateralized mortgage obligations		—		100,487		—		100,487
U.S. government agency securities		93,118		—		—		93,118
Municipal bonds-tax exempt		—		12,033		779		12,812
Municipal bonds-taxable		—		46,142		—		46,142
Corporate bonds		—		20,400		—		20,400
SBA loan pools securities		—		14,026		—		14,026
Other securities		—		3,357		—		3,357
Total debt securities available-for-sale		93,118		356,771		779		450,668
Equity securities available-for-sale:
Financial services industry		392		—		—		392
Total equity securities available-for-sale		392		—		—		392
Total securities available-for-sale	$	93,510	$	356,771	$	779	$	451,060
Liabilities:
Stock warrants	$	—	$	—	$	906	$	906

Reconciliation and Income Statement Classification of Gains and Losses for All Assets and Liabilities

The table below presents a reconciliation and income statement classification of gains and losses for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2013:

	Beginning Balance as of January 1, 2013		Purchases Issuances, and Settlement			Realized Gains or Losses In Earnings			Unrealized Gains or Losses in Other Comprehensive Income			Ending Balance as of June 30, 2013
	(In thousands)
Assets:
Municipal bonds-tax exempt (1)	$	779	$	—		$	—		$	(17	)	$	762
Liabilities:
Stock warrants (2)	$	906	$	(841	)	$	(60	)	$	—		$	5

(1) Reflects a zero coupon tax credit municipal bond. As the Company was not able to obtain a price from independent external pricing service providers, the discounted cash flow method was used to determine its fair value. The bond carried a par value of $700,000 and an amortized value of $698,000 with a remaining life of 1.7 years at June 30, 2013.

(2) Reflects warrants for our common stock issued in connection with services Cappello Capital Corp. provided to us as a placement agent in connection with our best efforts public offering and as our financial adviser in connection with our completed rights offering. The warrants were immediately exercisable when issued at an exercise price of $9.60 per share of our common stock and expire on October 14, 2015. See “Note 5 — Stockholders’ Equity” for more details.

Assets and Liabilities Measured at Fair Value on Non-Recurring Basis

As of June 30, 2013 and December 31, 2012, assets and liabilities measured at fair value on a non-recurring basis are as follows:

	Level 1		Level 2		Level 3
			Significant
			Observable
	Quoted Prices in		Inputs With No
	Active Markets		Active Market		Significant		Loss During The
	for Identical		With Identical		Unobservable		Six Months Ended
	Assets		Characteristics		Inputs		June 30, 2013
	(In thousands)
As of June 30, 2013
Assets:
Non-performing loans held for sale (1)	$	—	$	2,553	$	—	$	—
Impaired loans (2)		—		30,444		187		1,343
Other real estate owned (3)		—		900		—		7
	Level 1		Level 2		Level 3
			Significant
			Observable
	Quoted Prices in		Inputs With No
	Active Markets		Active Market		Significant		Loss During The
	for Identical		With Identical		Unobservable		Twelve Months Ended
	Assets		Characteristics		Inputs		December 31, 2012
	(In thousands)
As of December 31, 2012:
Assets:
Non-performing loans held for sale (4)	$	—	$	484	$	—	$	3,747
Impaired loans (5)		—		27,844		8,888		580
Other real estate owned (6)		—		774		—		301

(1) Includes commercial and industrial loans of $1.8 million and real estate loans of $780,000

(2) Includes real estate loans of $6.9 million, commercial and industrial loans of $22.4 million, and consumer loans of $1.3 million

(3) Includes properties from the foreclosure of a residential property loan of $513,000 and a SBA loan of $387,000

(4) Includes a SBA loan of $484,000

(5) Includes real estate loans of $8.7 million, commercial and industrial loans of $27.0 million, and consumer loans of $1.0 million

(6) Includes properties from the foreclosure of real estate loans of $774,000

Estimated Fair Values of Financial Instruments

The estimated fair values of financial instruments were as follows:

	June 30, 2013				December 31, 2012
	Carrying or Contract Amount		Estimated Fair Value		Carrying or Contract Amount		Estimated Fair Value
	(In thousands)
Financial assets:
Cash and cash equivalents	$	77,860	$	77,860	$	268,047	$	268,047
Restricted cash		—		—		5,350		5,350
Investment securities available-for-sale		400,815		400,815		451,060		451,060
Loans receivable, net of allowance for loan losses		2,128,208		2,104,321		1,986,051		1,981,669
Loans held for sale		2,553		2,553		8,306		8,306
Accrued interest receivable		7,441		7,441		7,581		7,581
Investment in federal home loan bank stock		14,197		14,197		17,800		17,800
Investment in federal reserve bank		13,200		13,200		12,222		12,222
Financial liabilities:
Noninterest-bearing deposits		736,470		736,470		720,931		720,931
Interest-bearing deposits		1,625,443		1,629,944		1,675,032		1,680,211
Borrowings		2,743		2,784		85,341		85,414
Accrued interest payable		2,570		2,570		11,775		11,775
Off-balance sheet items:
Commitments to extend credit		177,955		151		182,746		146
Standby letters of credit		9,694		25		10,588		24

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Loans - Non-Accrual Loans, Disaggregated by Loan Class (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans	$ 27,975	$ 37,279
Real estate loans [Member] | Retail [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans		1,079
Real estate loans [Member] | Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans	1,612	2,097
Real estate loans [Member] | Residential property [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans	1,620	1,270
Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans	6,209	8,311
Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans	5,389	8,679
Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans	1,052	1,521
Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans	10,596	12,563
Consumer loans [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Non-Accrual Loans	$ 1,497	$ 1,759

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Investment Securities - Continuous Unrealized Loss Position (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013 Security	Dec. 31, 2012 Security
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss	$ 4,301	$ 638
Available for Sale Within One Year, Estimated Fair Value	221,108	85,291
Available for Sale Within One Year, Number of Securities	82	33
Available for Sale More than One Year, Gross Unrealized Loss	254	301
Available for Sale More than One Year, Estimated Fair Value	12,181	13,655
Available for Sale More than One Year, Number of Securities	5	7
Available for Sale, Gross Unrealized Loss	4,555	939
Available for Sale, Estimated Fair Value	233,289	98,946
Available for Sale, Number of Securities	87	40
Mortgage-backed securities [Member]
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss	1,871	186
Available for Sale Within One Year, Estimated Fair Value	79,024	28,354
Available for Sale Within One Year, Number of Securities	26	10
Available for Sale More than One Year, Gross Unrealized Loss
Available for Sale More than One Year, Estimated Fair Value
Available for Sale More than One Year, Number of Securities
Available for Sale, Gross Unrealized Loss	1,871	186
Available for Sale, Estimated Fair Value	79,024	28,354
Available for Sale, Number of Securities	26	10
Collateralized Mortgage Obligations [Member]
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss	521	109
Available for Sale Within One Year, Estimated Fair Value	25,134	14,344
Available for Sale Within One Year, Number of Securities	10	5
Available for Sale More than One Year, Gross Unrealized Loss
Available for Sale More than One Year, Estimated Fair Value
Available for Sale More than One Year, Number of Securities
Available for Sale, Gross Unrealized Loss	521	109
Available for Sale, Estimated Fair Value	25,134	14,344
Available for Sale, Number of Securities	10	5
U.S. government agency securities [Member]
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss	1,267	94
Available for Sale Within One Year, Estimated Fair Value	89,068	26,894
Available for Sale Within One Year, Number of Securities	31	9
Available for Sale More than One Year, Gross Unrealized Loss
Available for Sale More than One Year, Estimated Fair Value
Available for Sale More than One Year, Number of Securities
Available for Sale, Gross Unrealized Loss	1,267	94
Available for Sale, Estimated Fair Value	89,068	26,894
Available for Sale, Number of Securities	31	9
Municipal bonds-taxable [Member]
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss	183	126
Available for Sale Within One Year, Estimated Fair Value	7,485	4,587
Available for Sale Within One Year, Number of Securities	6	4
Available for Sale More than One Year, Gross Unrealized Loss	3	9
Available for Sale More than One Year, Estimated Fair Value	444	1,964
Available for Sale More than One Year, Number of Securities	1	3
Available for Sale, Gross Unrealized Loss	186	135
Available for Sale, Estimated Fair Value	7,929	6,551
Available for Sale, Number of Securities	7	7
Corporate bonds [Member]
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss	108
Available for Sale Within One Year, Estimated Fair Value	4,880
Available for Sale Within One Year, Number of Securities	1
Available for Sale More than One Year, Gross Unrealized Loss	168	246
Available for Sale More than One Year, Estimated Fair Value	10,819	10,738
Available for Sale More than One Year, Number of Securities	3	3
Available for Sale, Gross Unrealized Loss	276	246
Available for Sale, Estimated Fair Value	15,699	10,738
Available for Sale, Number of Securities	4	3
SBA Loan Pool Securities [Member]
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss	341	82
Available for Sale Within One Year, Estimated Fair Value	13,501	11,004
Available for Sale Within One Year, Number of Securities	4	3
Available for Sale More than One Year, Gross Unrealized Loss
Available for Sale More than One Year, Estimated Fair Value
Available for Sale More than One Year, Number of Securities
Available for Sale, Gross Unrealized Loss	341	82
Available for Sale, Estimated Fair Value	13,501	11,004
Available for Sale, Number of Securities	4	3
Other securities [Member]
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss	10	1
Available for Sale Within One Year, Estimated Fair Value	2,016	12
Available for Sale Within One Year, Number of Securities	4	1
Available for Sale More than One Year, Gross Unrealized Loss	83	46
Available for Sale More than One Year, Estimated Fair Value	918	953
Available for Sale More than One Year, Number of Securities	1	1
Available for Sale, Gross Unrealized Loss	93	47
Available for Sale, Estimated Fair Value	2,934	965
Available for Sale, Number of Securities	5	2
Equity securities [Member]
Summary of Investment Holdings [Line Items]
Available for Sale Within One Year, Gross Unrealized Loss		40
Available for Sale Within One Year, Estimated Fair Value		96
Available for Sale Within One Year, Number of Securities		1
Available for Sale More than One Year, Gross Unrealized Loss
Available for Sale More than One Year, Estimated Fair Value
Available for Sale More than One Year, Number of Securities
Available for Sale, Gross Unrealized Loss		40
Available for Sale, Estimated Fair Value		$ 96
Available for Sale, Number of Securities		1

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Loans - Allowance for Loan Losses and Allowance for Off-Balance Sheet Items (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 61,191	$ 63,305	$ 81,052	$ 63,305	$ 89,936
Actual charge-offs	(3,490)		(14,716)	(6,514)	(27,037)
Recoveries on loans previously charged off	1,867		1,324	2,581	2,361
Provision charged to operating expense	308		4,233	504	6,633
Ending balance	59,876		71,893	59,876	71,893
Allowance for loan losses [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	61,191	63,305	81,052	63,305	89,936
Actual charge-offs	(3,490)	(3,024)	(14,716)	(6,514)	(27,037)
Recoveries on loans previously charged off	1,867	714	1,324	2,581	2,361
Net loan charge-offs	(1,623)	(2,310)	(13,392)	(3,933)	(24,676)
Provision charged to operating expense	308	196	4,233	504	6,633
Ending balance	59,876	61,191	71,893	59,876	71,893
Allowance for off-balance sheet items [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,628	1,822	2,581	1,822	2,981
Provision charged to operating expense	(308)	(196)	(233)	(504)	(633)
Ending balance	$ 1,318	$ 1,628	$ 2,348	$ 1,318	$ 2,348

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Loans - Troubled Debt Restructuring, Disaggregated by Loan Class (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013 SecurityLoan	Jun. 30, 2012 SecurityLoan	Jun. 30, 2013 SecurityLoan	Jun. 30, 2012 SecurityLoan
Financing Receivable, Modifications [Line Items]
Number of Loans	9	16	13	40
Pre-Modification Outstanding Recorded Investment	$ 815	$ 2,895	$ 2,658	$ 8,084
Post-Modification Outstanding Recorded Investment	787	2,791	2,268	7,696
International loans [Member] | Commercial and industrial loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans			2
Pre-Modification Outstanding Recorded Investment			1,584
Post-Modification Outstanding Recorded Investment			1,280
Unsecured [Member] | Commercial and industrial loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	6	10	7	27
Pre-Modification Outstanding Recorded Investment	518	1,640	764	4,696
Post-Modification Outstanding Recorded Investment	498	1,588	692	4,426
Secured by real estate [Member] | Commercial and industrial loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans		1		3
Pre-Modification Outstanding Recorded Investment		378		2,211
Post-Modification Outstanding Recorded Investment		358		2,144
Commercial lines of credit [Member] | Commercial and industrial loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	1	1	1	1
Pre-Modification Outstanding Recorded Investment		196		202
Post-Modification Outstanding Recorded Investment		192		192
SBA loans [Member] | Commercial and industrial loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	1	4	2	9
Pre-Modification Outstanding Recorded Investment	148	681	161	975
Post-Modification Outstanding Recorded Investment	140	653	147	934
Consumer loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	1
Pre-Modification Outstanding Recorded Investment	149
Post-Modification Outstanding Recorded Investment	149
Consumer loans [Member] | Commercial and industrial loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans			1
Pre-Modification Outstanding Recorded Investment			149
Post-Modification Outstanding Recorded Investment			$ 149

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Investment Securities - Summary of Investment Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 399,900	$ 443,712
Gross Unrealized Gain	5,470	8,287
Gross Unrealized Loss	4,555	939
Estimated Fair Value	400,815	451,060
Mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	125,177	157,185
Gross Unrealized Gain	1,312	3,327
Gross Unrealized Loss	1,871	186
Estimated Fair Value	124,618	160,326
Collateralized mortgage obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	83,955	98,821
Gross Unrealized Gain	1,414	1,775
Gross Unrealized Loss	521	109
Estimated Fair Value	84,848	100,487
U.S. government agency securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	98,853	92,990
Gross Unrealized Gain	18	222
Gross Unrealized Loss	1,267	94
Estimated Fair Value	97,604	93,118
Municipal bonds-tax exempt [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,166	12,209
Gross Unrealized Gain	485	603
Estimated Fair Value	10,651	12,812
Municipal bonds-taxable [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	44,053	44,248
Gross Unrealized Gain	1,679	2,029
Gross Unrealized Loss	186	135
Estimated Fair Value	45,546	46,142
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	20,475	20,470
Gross Unrealized Gain	176	176
Gross Unrealized Loss	276	246
Estimated Fair Value	20,375	20,400
SBA Loan Pool Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,842	14,104
Gross Unrealized Gain		4
Gross Unrealized Loss	341	82
Estimated Fair Value	13,501	14,026
Other securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,025	3,331
Gross Unrealized Gain	1	73
Gross Unrealized Loss	93	47
Estimated Fair Value	2,933	3,357
Equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	354	354
Gross Unrealized Gain	385	78
Gross Unrealized Loss		40
Estimated Fair Value	$ 739	$ 392

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Share-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-based compensation expense	$ 92,000	$ 10,000	$ 189,000	$ 102,000
Related tax benefits on non-qualified stock options	$ 21,000	$ 4,000	$ 32,000	$ 43,000
Number of shares, stock options exercised	562	0	2,241	0
Restricted stock awards, continuous employment period from date of grant required for vesting of Plan			Three to five years

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Liquidity - Additional Information (Detail) (USD $)	Jun. 30, 2013	Dec. 31, 2012	Apr. 30, 2013 Trust Preferred Securities [Member]	Mar. 31, 2013 Trust Preferred Securities [Member]	Jun. 30, 2013 Maximum [Member]	Jun. 30, 2013 Hanmi Bank [Member]	Jun. 30, 2013 Fed Discount Window [Member]
Line of Credit Facility [Line Items]
Redemption of preferred securities			$ 51,500,000	$ 30,900,000
Amount of advances from the Federal Home Loan Bank (FHLB)	2,700,000	2,900,000
Broker deposits						0
Percent of borrowing from FHLB					30.00%
Total borrowing capacity based on pledged collateral	429,200,000	275,100,000
Borrowing capacity available based on pledged collateral	426,500,000	272,200,000
Bank's FHLB borrowing	2,743,000	2,935,000
Borrowing percentage of total assets	0.10%	0.10%
Amount available from borrowing source							99,500,000
Carrying value for loans pledged by bank	138,600,000
Borrowings	0
Maximum borrowing capacity of line of credit		$ 100,000,000

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Fair Value Measurements - Estimated Fair Values of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Financial assets:
Restricted cash		$ 5,350
Investment securities available-for-sale	400,815	451,060
Accrued interest receivable	7,441	7,581
Investment in federal reserve bank	13,200	12,222
Financial liabilities:
Noninterest-bearing deposits	736,470	720,931
Interest-bearing deposits	1,625,443	1,675,032
Accrued interest payable	2,570	11,775
Carrying or Contract Amount [Member]
Financial assets:
Cash and cash equivalents	77,860	268,047
Restricted cash		5,350
Investment securities available-for-sale	400,815	451,060
Loans receivable, net of allowance for loan losses	2,128,208	1,986,051
Loans held for sale	2,553	8,306
Accrued interest receivable	7,441	7,581
Investment in federal home loan bank stock	14,197	17,800
Investment in federal reserve bank	13,200	12,222
Financial liabilities:
Noninterest-bearing deposits	736,470	720,931
Interest-bearing deposits	1,625,443	1,675,032
Borrowings	2,743	85,341
Accrued interest payable	2,570	11,775
Off-balance sheet items:
Commitments to extend credit	177,955	182,746
Standby letters of credit	9,694	10,588
Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	77,860	268,047
Restricted cash		5,350
Investment securities available-for-sale	400,815	451,060
Loans receivable, net of allowance for loan losses	2,104,321	1,981,669
Loans held for sale	2,553	8,306
Accrued interest receivable	7,441	7,581
Investment in federal home loan bank stock	14,197	17,800
Investment in federal reserve bank	13,200	12,222
Financial liabilities:
Noninterest-bearing deposits	736,470	720,931
Interest-bearing deposits	1,629,944	1,680,211
Borrowings	2,784	85,414
Accrued interest payable	2,570	11,775
Off-balance sheet items:
Commitments to extend credit	151	146
Standby letters of credit	$ 25	$ 24

XML

Loans - Analysis of Past Due Loans, Disaggregated by Loan Class (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 3,284	$ 6,687
60-89 Days Past Due	4,489	3,175
90 Days or More Past Due	7,136	6,605
Total Past Due	14,909	16,467
Current	2,172,480	2,032,093
Total Loans	2,187,389	2,048,560	1,949,624
Accruing 90 Days or More Past Due
Real estate loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	976,436	888,872
Real estate loans [Member] | Retail [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due		111
90 Days or More Past Due
Total Past Due		111
Current	440,071	392,834
Total Loans	440,071	392,945
Accruing 90 Days or More Past Due
Real estate loans [Member] | Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
90 Days or More Past Due		335
Total Past Due		335
Current	13,446	13,672
Total Loans	13,446	14,007
Accruing 90 Days or More Past Due
Real estate loans [Member] | Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
90 Days or More Past Due
Total Past Due
Current	434,265	380,142
Total Loans	434,265	380,142
Accruing 90 Days or More Past Due
Real estate loans [Member] | Residential property [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due	219	588
90 Days or More Past Due	810	311
Total Past Due	1,029	899
Current	87,625	100,879
Total Loans	88,654	101,778
Accruing 90 Days or More Past Due
Commercial and industrial loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,175,573	1,123,012
Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	416	918
60-89 Days Past Due	455	1,103
90 Days or More Past Due	1,885	1,279
Total Past Due	2,756	3,300
Current	99,273	106,872
Total Loans	102,029	110,172
Accruing 90 Days or More Past Due
Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due		1,949
60-89 Days Past Due
90 Days or More Past Due	122	926
Total Past Due	122	2,875
Current	838,404	771,317
Total Loans	838,526	774,192
Accruing 90 Days or More Past Due
Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due	146	188
90 Days or More Past Due	188	416
Total Past Due	334	604
Current	44,861	55,517
Total Loans	45,195	56,121
Accruing 90 Days or More Past Due
Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	2,376	3,759
60-89 Days Past Due	2,707	1,039
90 Days or More Past Due	3,718	2,800
Total Past Due	8,801	7,598
Current	148,439	140,708
Total Loans	157,240	148,306
Accruing 90 Days or More Past Due
Commercial and industrial loans [Member] | International loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
90 Days or More Past Due
Total Past Due
Current	32,583	34,221
Total Loans	32,583	34,221
Accruing 90 Days or More Past Due
Consumer loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	35,380	36,676
Consumer loans [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	492	61
60-89 Days Past Due	962	146
90 Days or More Past Due	413	538
Total Past Due	1,867	745
Current	33,513	35,931
Total Loans	35,380	36,676
Accruing 90 Days or More Past Due

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Earnings Per Share - Reconciliation of Components Used to Derive Basic and Diluted EPS (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Abstract]
Net income	$ 9,519	$ 55,775	$ 19,629	$ 63,116
Weighted-Average Shares, Basic EPS	31,590,760	31,475,610	31,565,013	31,473,065
Weighted-Average Shares, Effect of dilutive securities - options, warrants and unvested restricted stock	65,228	24,193	68,522	16,878
Weighted-Average Shares, Diluted EPS	31,655,988	31,499,803	31,633,535	31,489,943
Per Share Amount, Basic EPS	$ 0.30	$ 1.77	$ 0.62	$ 2.01
Per Share Amount, Effect of dilutive securities - options, warrants and unvested restricted stock				$ (0.01)
Per Share Amount, Diluted EPS	$ 0.30	$ 1.77	$ 0.62	$ 2.00

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Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Capital Ratios of Hanmi Financial and Bank

The capital ratios of Hanmi Financial and the Bank as of June 30, 2013 and 2012 were as follows:

						Minimum					Minimum to Be
						Regulatory					Categorized as
	Actual					Requirement					“Well Capitalized”
	Amount		Ratio			Amount		Ratio			Amount		Ratio
						(In thousands)
June 30, 2013
Total capital (to risk-weighted assets):
Hanmi Financial	$	399,496		17.08	%	$	187,087		8.00	%		N/A		N/A
Hanmi Bank	$	386,124		16.53	%	$	186,833		8.00	%	$	233,541		10.00	%
Tier 1 capital (to risk-weighted assets):
Hanmi Financial	$	369,737		15.81	%	$	93,544		4.00	%		N/A		N/A
Hanmi Bank	$	356,485		15.26	%	$	93,417		4.00	%	$	140,125		6.00	%
Tier 1 capital (to average assets):
Hanmi Financial	$	369,737		13.35	%	$	110,786		4.00	%		N/A		N/A
Hanmi Bank	$	356,485		12.88	%	$	110,705		4.00	%	$	138,382		5.00	%
June 30, 2012
Total capital (to risk-weighted assets):
Hanmi Financial	$	422,301		20.02	%	$	168,754		8.00	%		N/A		N/A
Hanmi Bank	$	401,456		19.06	%	$	168,467		8.00	%	$	210,584		10.00	%
Tier 1 capital (to risk-weighted assets):
Hanmi Financial	$	395,342		18.74	%	$	84,377		4.00	%		N/A		N/A
Hanmi Bank	$	374,540		17.79	%	$	84,234		4.00	%	$	126,351		6.00	%
Tier 1 capital (to average assets):
Hanmi Financial	$	395,342		14.70	%	$	107,587		4.00	%		N/A		N/A
Hanmi Bank	$	374,540		13.95	%	$	107,361		4.00	%	$	134,201		5.00	%

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Consolidated Statements of Changes in Stockholders' Equity (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common Stock - Number of Shares Gross Shares Issued and Outstanding [Member]	Common Stock - Number of Shares Treasury Shares [Member]	Common Stock - Number of Net Shares Issued and Outstanding [Member]	Stockholders' Equity Additional Paid-in Capital [Member]	Stockholders' Equity Unearned Compensation [Member]	Stockholders' Equity Accumulated Other Comprehensive Income (Loss) [Member]	Stockholders' Equity Retained Earnings (Deficit) [Member]
Beginning balance at Dec. 31, 2011	$ 285,608	$ 257	$ (69,858)		$ 549,744	$ (166)	$ 3,524	$ (197,893)
Beginning balance, shares at Dec. 31, 2011		32,066,987	(577,786)	31,489,201
Share-based compensation expense	102				77	25
Restricted stock awards					(25)	25
Comprehensive income:
Net income	63,116							63,116
Change in unrealized gain on securities Available-for-sale and interest-only strips, net of income taxes	(370)						(370)
Total comprehensive income	62,746
Ending balance at Jun. 30, 2012	348,456	257	(69,858)		549,796	(116)	3,154	(134,777)
Ending balance, shares at Jun. 30, 2012		32,066,987	(577,786)	31,489,201
Beginning balance at Dec. 31, 2012	378,364	257	(69,858)		550,123	(57)	5,418	(107,519)
Beginning balance, shares at Dec. 31, 2012		32,074,434	(577,894)	31,496,540
Share-based compensation expense	189				165	24
Exercises of stock options	(291)	2,241		2,241	(291)
Exercises of stock warrants	1,289	106,056		106,056	1,289
Comprehensive income:
Net income	19,629							19,629
Change in unrealized gain on securities Available-for-sale and interest-only strips, net of income taxes	(3,784)						(3,784)
Total comprehensive income	15,845
Ending balance at Jun. 30, 2013	$ 395,396	$ 257	$ (69,858)		$ 551,286	$ (33)	$ 1,634	$ (87,890)
Ending balance, shares at Jun. 30, 2013		32,182,731	(577,894)	31,604,837

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Basis of Presentation

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Basis of Presentation

Note 1 — Basis of Presentation

Hanmi Financial Corporation (“Hanmi Financial,” the “Company,” “we” or “us”) is a Delaware corporation and is subject to the Bank Holding Company Act of 1956, as amended. Our primary subsidiary is Hanmi Bank (the “Bank”), a California state chartered bank. Our other subsidiaries are Chun-Ha Insurance Services, Inc., a California corporation (“Chun-Ha”), and All World Insurance Services, Inc., a California corporation (“All World”).

In management’s opinion, the accompanying unaudited consolidated financial statements of Hanmi Financial Corporation and Subsidiaries reflect all adjustments of a normal and recurring nature that are necessary for a fair presentation of the results for the interim period ended June 30, 2013, but are not necessarily indicative of the results that will be reported for the entire year or any other interim period. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted. The aforementioned unaudited consolidated financial statements are in conformity with GAAP. Such interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission. The interim information should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (the “2012 Annual Report on Form 10-K”).

The preparation of interim consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Descriptions of our significant accounting policies are included in “Note 2 — Summary of Significant Accounting Policies” in our 2012 Annual Report on Form 10-K.

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Note 4 — Income Taxes

The Company’s income tax expenses were $5.8 million and $10.5 million for the three and six months ended June 30, 2013, respectively, compared to income tax benefits of $47.2 million and $47.1 million for the three and six months ended June 30, 2012, respectively. The effective income tax rate was 37.95 percent and 34.86 percent for the three and six months ended June 30, 2013, respectively, as compared to (548.7) percent and (294.0) percent for the three and six months ended June 30, 2012. The change in the effective tax rate for the three and six months ended June 30, 2013, as compared to the three and six months ended June 30, 2012, was primarily due to a net tax benefit of $47.1 million resulting from the reversal of $53.1 million of valuation allowance on the Company’s deferred tax asset in the quarter ended June 30, 2012. The income tax expenses for the three and six months ended June 30, 2013 include discrete items of $11,000 and ($768,000), respectively, related mainly to the revision of deferred tax estimate from stock options and state tax attributes. Management concluded that deferred tax assets were more likely than not to be realized, and therefore, maintaining a valuation allowance was not required as of June 30, 2013.

As of June 30, 2013, the Company was subject to examination by various federal and state tax authorities for the years ended December 31, 2004 through 2011. The Company was subjected to audits by the Internal Revenue Service for the 2009 tax year, by the California FTB for the 2008 and 2009 tax years. Management does not anticipate any material changes in our financial statements due to the results of those audits.

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Segment Reporting - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2013 Segment
Segment Reporting [Abstract]
Number of operating segments	1

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Investment Securities

6 Months Ended

Jun. 30, 2013

Investments Debt And Equity Securities [Abstract]

Investment Securities

Note 2 — Investment Securities

The following is a summary of investment securities available-for-sale:

	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value
	(In thousands)
June 30, 2013:
Mortgage-backed securities (1)	$	125,177	$	1,312	$	1,871	$	124,618
Collateralized mortgage obligations (1)		83,955		1,414		521		84,848
U.S. government agency securities		98,853		18		1,267		97,604
Municipal bonds-tax exempt		10,166		485		—		10,651
Municipal bonds-taxable		44,053		1,679		186		45,546
Corporate bonds		20,475		176		276		20,375
SBA loan pool securities		13,842		—		341		13,501
Other securities		3,025		1		93		2,933
Equity securities		354		385		—		739
Total securities available-for-sale	$	399,900	$	5,470	$	4,555	$	400,815
December 31, 2012:
Mortgage-backed securities (1)	$	157,185	$	3,327	$	186	$	160,326
Collateralized mortgage obligations (1)		98,821		1,775		109		100,487
U.S. government agency securities		92,990		222		94		93,118
Municipal bonds-tax exempt		12,209		603		—		12,812
Municipal bonds-taxable		44,248		2,029		135		46,142
Corporate bonds		20,470		176		246		20,400
SBA loan pool securities		14,104		4		82		14,026
Other securities		3,331		73		47		3,357
Equity securities		354		78		40		392
Total securities available-for-sale	$	443,712	$	8,287	$	939	$	451,060

(1) Collateralized by residential mortgages and guaranteed by U.S. government sponsored entities

The amortized cost and estimated fair value of investment securities at June 30, 2013, by contractual maturity, are shown below. Although mortgage-backed securities and collateralized mortgage obligations have contractual maturities through 2042, expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Available-for-Sale
	Amortized		Estimated
	Cost		Fair Value
	(In thousands)
Within one year	$	—	$	—
Over one year through five years		29,404		29,406
Over five years through ten years		111,880		111,811
Over ten years		49,130		49,393
Mortgage-backed securities		125,177		124,618
Collateralized mortgage obligations		83,955		84,848
Equity securities		354		739
Total	$	399,900	$	400,815

FASB ASC 320, “Investments – Debt and Equity Securities,” requires us to periodically evaluate our investments for other-than-temporary impairment (“OTTI”). There was no OTTI charge during the six months ended June 30, 2013.

Gross unrealized losses on investment securities available-for-sale, the estimated fair value of the related securities and the number of securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows as of June 30, 2013 and December 31, 2012:

	Holding Period
	Less Than 12 Months						12 Months or More						Total
	Gross		Estimated		Number		Gross		Estimated		Number		Gross		Estimated		Number
	Unrealized		Fair		of		Unrealized		Fair		of		Unrealized		Fair		of
	Loss		Value		Securities		Loss		Value		Securities		Loss		Value		Securities
	(In thousands, except number of securities)
June 30, 2013:
Mortgage-backed securities	$	1,871	$	79,024		26	$	—	$	—		—	$	1,871	$	79,024		26
Collateralized mortgage obligations		521		25,134		10		—		—		—		521		25,134		10
U.S. government agency securities		1,267		89,068		31		—		—		—		1,267		89,068		31
Municipal bonds-taxable		183		7,485		6		3		444		1		186		7,929		7
Corporate bonds		108		4,880		1		168		10,819		3		276		15,699		4
SBA loan pool securities		341		13,501		4		—		—		—		341		13,501		4
Other securities		10		2,016		4		83		918		1		93		2,934		5
Total	$	4,301	$	221,108		82	$	254	$	12,181		5	$	4,555	$	233,289		87
December 31, 2012:
Mortgage-backed securities	$	186	$	28,354		10	$	—	$	—		—	$	186	$	28,354		10
Collateralized mortgage obligations		109		14,344		5		—		—		—		109		14,344		5
U.S. government agency securities		94		26,894		9		—		—		—		94		26,894		9
Municipal bonds-taxable		126		4,587		4		9		1,964		3		135		6,551		7
Corporate bonds		—		—		—		246		10,738		3		246		10,738		3
SBA loan pool securities		82		11,004		3		—		—		—		82		11,004		3
Other securities		1		12		1		46		953		1		47		965		2
Equity securities		40		96		1		—		—		—		40		96		1
Total	$	638	$	85,291		33	$	301	$	13,655		7	$	939	$	98,946		40

All individual securities that have been in a continuous unrealized loss position for 12 months or longer as of June 30, 2013 and December 31, 2012 had investment grade ratings upon purchase. The issuers of these securities have not established any cause for default on these securities and the various rating agencies have reaffirmed these securities’ long-term investment grade status as of June 30, 2013. These securities have fluctuated in value since their purchase dates as market interest rates have fluctuated.

FASB ASC 320 requires other-than-temporarily impaired investment securities to be written down when fair value is below amortized cost in circumstances where: (1) an entity has the intent to sell a security; (2) it is more likely than not that an entity will be required to sell the security before recovery of its amortized cost basis; or (3) an entity does not expect to recover the entire amortized cost basis of the security. If an entity intends to sell a security or if it is more likely than not the entity will be required to sell the security before recovery, an OTTI write-down is recognized in earnings equal to the entire difference between the security’s amortized cost basis and its fair value. If an entity does not intend to sell the security or it is not more likely than not that it will be required to sell the security before recovery, the OTTI write-down is separated into an amount representing credit loss, which is recognized in earnings, and the amount related to all other factors, which is recognized in other comprehensive income.

The Company does not intend to sell these securities and it is not more likely than not that we will be required to sell the investments before the recovery of its amortized cost basis. In addition, the unrealized losses on municipal and corporate bonds are not considered other-than-temporarily impaired as the bonds are rated investment grade and there are no credit quality concerns with the issuers. Interest payments have been made as scheduled, and management believes this will continue in the future and that the bonds will be repaid in full as scheduled. Therefore, in management’s opinion, all securities that have been in a continuous unrealized loss position for the past 12 months or longer as of June 30, 2013 and December 31, 2012 were not other-than-temporarily impaired, and therefore, no impairment charges as of June 30, 2013 and December 31, 2012 were warranted.

Realized gains and losses on sales of investment securities, proceeds from sales of investment securities and the tax expense on sales of investment securities were as follows for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(In thousands)
Gross realized gains on sales of investment securities	$	304		$	1,431		$	313		$	1,432
Gross realized losses on sales of investment securities		(1	)		(50	)		(1	)		(50	)
Net realized gains on sales of investment securities	$	303		$	1,381		$	312		$	1,382
Proceeds from sales of investment securities	$	15,764		$	85,538		$	24,764		$	88,538
Tax expense on sales of investment securities	$	127		$	581		$	131		$	581

For the three months ended June 30, 2013, there was a $303,000 net gain in earnings resulting from the redemption and sale of investment securities that had previously been recorded as net unrealized gains of $812,000 in comprehensive income. For the three months ended June 30, 2012, there was a $1.4 million net gain in earnings resulting from the redemption and sale of investment securities that had previously been recorded as net unrealized gains of $1.9 million in comprehensive income.

For the six months ended June 30, 2013, there was a $312,000 net gain in earnings resulting from the redemption and sale of investment securities that had previously been recognized as net unrealized gains of $856,000 in comprehensive income. For the six months ended June 30, 2012, there was a $1.4 million net gain in earnings resulting from the redemption and sale of investment securities that had previously been recorded as net unrealized gains of $1.7 million in comprehensive income.

Investment securities available-for-sale with carrying values of $55.7 million and $18.2 million as of June 30, 2013 and December 31, 2012, respectively, were pledged to secure FHLB advances, public deposits and for other purposes as required or permitted by law.

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Loans - Allowance for Loan Losses by Portfolio Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Allowance for loan losses:
Beginning balance	$ 61,191	$ 81,052	$ 63,305	$ 89,936
Charge-offs	(3,490)	(14,716)	(6,514)	(27,037)
Recoveries on loans previously charged off	1,867	1,324	2,581	2,361
Provision	308	4,233	504	6,633
Ending balance	59,876	71,893	59,876	71,893
Ending balance: individually evaluated for impairment	5,424	7,661	5,424	7,661
Ending balance: collectively evaluated for impairment	54,452	64,232	54,452	64,232
Loans receivable:
Ending balance	2,187,389	1,949,624	2,187,389	1,949,624	2,048,560
Ending balance: individually evaluated for impairment	45,674	60,107	45,674	60,107
Ending balance: collectively evaluated for impairment	2,141,715	1,889,517	2,141,715	1,889,517
Real estate loans [Member]
Allowance for loan losses:
Beginning balance	17,832	22,230	18,180	19,637
Charge-offs	(146)	(5,243)	(359)	(8,085)
Recoveries on loans previously charged off	1,042	517	1,050	517
Provision	(248)	3,902	(391)	9,337
Ending balance	18,480	21,406	18,480	21,406
Ending balance: individually evaluated for impairment	28	437	28	437
Ending balance: collectively evaluated for impairment	18,452	20,969	18,452	20,969
Loans receivable:
Ending balance	976,436	839,816	976,436	839,816
Ending balance: individually evaluated for impairment	6,972	16,619	6,972	16,619
Ending balance: collectively evaluated for impairment	969,464	823,197	969,464	823,197
Commercial and industrial loans [Member]
Allowance for loan losses:
Beginning balance	39,560	54,638	41,928	66,005
Charge-offs	(3,308)	(9,393)	(5,955)	(18,508)
Recoveries on loans previously charged off	819	789	1,476	1,802
Provision	1,963	776	1,585	(2,489)
Ending balance	39,034	46,810	39,034	46,810
Ending balance: individually evaluated for impairment	5,011	7,224	5,011	7,224
Ending balance: collectively evaluated for impairment	34,023	39,586	34,023	39,586
Loans receivable:
Ending balance	1,175,573	1,070,469	1,175,573	1,070,469
Ending balance: individually evaluated for impairment	37,055	42,087	37,055	42,087
Ending balance: collectively evaluated for impairment	1,138,518	1,028,382	1,138,518	1,028,382
Consumer loans [Member]
Allowance for loan losses:
Beginning balance	1,795	2,244	2,280	2,243
Charge-offs	(36)	(80)	(200)	(444)
Recoveries on loans previously charged off	6	18	55	42
Provision	119	(425)	(251)	(84)
Ending balance	1,884	1,757	1,884	1,757
Ending balance: individually evaluated for impairment	385		385
Ending balance: collectively evaluated for impairment	1,499	1,757	1,499	1,757
Loans receivable:
Ending balance	35,380	39,339	35,380	39,339
Ending balance: individually evaluated for impairment	1,647	1,401	1,647	1,401
Ending balance: collectively evaluated for impairment	33,733	37,938	33,733	37,938
Unallocated [Member]
Allowance for loan losses:
Beginning balance	2,004	1,940	917	2,051
Provision	(1,526)	(20)	(439)	(131)
Ending balance	478	1,920	478	1,920
Ending balance: collectively evaluated for impairment	$ 478	$ 1,920	$ 478	$ 1,920

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Reconciliation of Components Used to Derive Basic and Diluted EPS

The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:

	2013						2012
	(Numerator)		(Denominator)				(Numerator)		(Denominator)
			Weighted-		Per				Weighted-		Per
	Net		Average		Share		Net		Average		Share
	Income		Shares		Amount		Income		Shares		Amount
	(In thousands, except share and per share data)
Three months ended June 30:
Basic EPS	$	9,519		31,590,760	$	0.30	$	55,775		31,475,610	$	1.77
Effect of dilutive securities - options, warrants and unvested restricted stock		—		65,228		—		—		24,193		—
Diluted EPS	$	9,519		31,655,988	$	0.30	$	55,775		31,499,803	$	1.77
Six months ended June 30:
Basic EPS	$	19,629		31,565,013	$	0.62	$	63,116		31,473,065	$	2.01
Effect of dilutive securities - options, warrants and unvested restricted stock		—		68,522		—		—		16,878		(0.01	)
Diluted EPS	$	19,629		31,633,535	$	0.62	$	63,116		31,489,943	$	2.00

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Investment Securities - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Investments Debt And Equity Securities [Abstract]
Investment securities, contractual maturity			2042
Net realized gain (loss) on redemption of investment securities	$ 303,000	$ 1,381,000	$ 312,000	$ 1,382,000
Recognized in earnings resulting from the redemption of investment securities	812,000	1,900,000	856,000	1,700,000
Investment securities available-for- sale, carrying values			$ 55,700,000		$ 18,200,000

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Off-Balance Sheet Commitments - Distribution of Undisbursed Loan Commitments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Loss Contingencies [Line Items]
Total undisbursed loan commitments	$ 203,604	$ 212,885
Commitments to extend credit [Member]
Loss Contingencies [Line Items]
Total undisbursed loan commitments	177,955	182,746
Standby letters of credit [Member]
Loss Contingencies [Line Items]
Total undisbursed loan commitments	9,694	10,588
Commercial letters of credit [Member]
Loss Contingencies [Line Items]
Total undisbursed loan commitments	4,150	6,092
Unused credit card lines [Member]
Loss Contingencies [Line Items]
Total undisbursed loan commitments	$ 11,805	$ 13,459

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Loans - Loans Receivable (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 2,187,389	$ 2,048,560	$ 1,949,624
Commercial term includes owner-occupied property loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	838,500	774,200
Commercial lines of credit includes owner-occupied property loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,000	1,400
SBA loans includes owner-occupied property loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 142,900	$ 128,400

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Earnings Per Share - Additional Information (Detail) (Stock option awards [Member])	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Stock option awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	74,275	123,650	74,275	373,650

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Regulatory Matters - Additional Information (Detail)	Jun. 30, 2013
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Minimum regulatory requirement ratio for total capital risk-weighted assets	8.00%
Minimum ratio of Tier 1 capital to risk-weighted assets	4.00%
Leverage ratio	4.00%
Minimum ratio of qualifying total capital to risk-weighted assets for well capitalized	10.00%
Minimum ratio of Tier 1 capital to average total assets for well capitalized	6.00%
Depository Institutions [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage ratio	5.00%

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Loans - Troubled Debt Restructuring, Disaggregated by Loan Class (Parenthetical) (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
International loans [Member]
Financing Receivable, Modifications [Line Items]
Loan modification made through reduction of principal or accrued interest payments			$ 1,300,000
Unsecured [Member]
Financing Receivable, Modifications [Line Items]
Amount of loan modification through extension of maturity	456,000	394,000	650,000	1,600,000
Loan modification made through reduction of principal or accrued interest payments	42,000		42,000	1,900,000
Loan modification made through deferrals principal payment	1,200,000			893,000
Secured by real estate [Member]
Financing Receivable, Modifications [Line Items]
Amount of loan modification through extension of maturity				497,000
Loan modification made through reduction of principal or accrued interest payments		358,000		1,600,000
Commercial lines of credit [Member]
Financing Receivable, Modifications [Line Items]
Loan modification made through reduction of principal or accrued interest payments	0	192,000		192,000
SBA loans [Member]
Financing Receivable, Modifications [Line Items]
Loan modification made through reduction of principal or accrued interest payments	140,000	291,000	140,000	442,000
Loan modification made through deferrals principal payment		362,000	7,000	503,000
Consumer loans [Member]
Financing Receivable, Modifications [Line Items]
Loan modification made through reduction of principal or accrued interest payments	$ 149,000		$ 149,000

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Loans - Summary of Interest Foregone on Impaired Loans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Receivables [Abstract]
Interest income that would have been recognized had impaired loans performed in accordance with their original terms	$ 1,057	$ 1,505	$ 2,125	$ 2,933
Less: Interest income recognized on impaired loans	(926)	(1,239)	(1,822)	(2,345)
Interest foregone on impaired loans	$ 131	$ 266	$ 303	$ 588

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Amortized cost of investment securities available-for-sale, at fair value	$ 399,900	$ 443,712
Allowance for loan losses of loans receivable	59,876	63,305
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	62,500,000	62,500,000
Common stock, shares issued	32,182,731	32,074,434
Common stock, shares outstanding	31,604,837	31,496,540
Accumulated other comprehensive income, tax (benefit) expense	$ (702)	$ 1,946
Treasury stock, shares	577,894	577,894

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Fair Value Measurements

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 7 — Fair Value Measurements

Fair Value Measurements

FASB ASC 820, “Fair Value Measurements and Disclosures,” defines fair value, establishes a framework for measuring fair value including a three-level valuation hierarchy, and expands disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are defined as follows:

•    Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

•    Level 2 - Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data.

•    Level 3 - Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

Fair value is used on a recurring basis for certain assets and liabilities in which fair value is the primary basis of accounting. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes.

We record investment securities available-for-sale at fair value on a recurring basis. Certain other assets, such as loans held for sale, impaired loans, other real estate owned, and other intangible assets, are recorded at fair value on a non-recurring basis. Non-recurring fair value measurements typically involve assets that are periodically evaluated for impairment and for which any impairment is recorded in the period in which the re-measurement is performed.

The following methods and assumptions were used to estimate the fair value of each class of financial instrument below:

Investment securities available-for-sale – The fair values of investment securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges. If quoted prices are not available, fair values are measured using matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities, or other model-based valuation techniques requiring observable inputs other than quoted prices such as yield curve, prepayment speeds, and default rates. Level 1 investment securities include U.S. government and agency debentures and equity securities that are traded on an active exchange or by dealers or brokers in active over-the-counter markets. The fair value of these securities is determined by quoted prices on an active exchange or over-the-counter market. Level 2 investment securities primarily include mortgage-backed securities, municipal bonds, collateralized mortgage obligations, and SBA loan pool securities. In determining the fair value of the securities categorized as Level 2, we obtain reports from nationally recognized broker-dealers detailing the fair value of each investment security held as of each reporting date. The broker-dealers use prices obtained from nationally recognized pricing services to value our fixed income securities. The fair value of the municipal bonds is determined based on a proprietary model maintained by the broker-dealers. We review the prices obtained for reasonableness based on our understanding of the marketplace, and also consider any credit issues related to the bonds. As we have not made any adjustments to the market quotes provided to us and as they are based on observable market data, they have been categorized as Level 2 within the fair value hierarchy. Level 3 investment securities are instruments that are not traded in the market. As such, no observable market data for the instrument is available, which necessitates the use of significant unobservable inputs.

As of June 30, 2013, we had a zero coupon tax credit municipal bond of $762,000 compared to $779,000 as of December 31, 2012. This bond was recorded at estimated fair value using a discounted cash flow method, and was measured on a recurring basis with Level 3 inputs. Key assumptions used in measuring the fair value of the tax credit bond as of June 30, 2013 were discount rate and cash flows. The discount rate was derived from the term structure of Bank Qualified (“BQ”) “A-” rated municipal bonds, as the tax credit bond’s guarantee had the similar credit strength. The contractual future cash flows were the tax credits to be received for a remaining life of 1.7 years. If the discount rate is adjusted down to the term structure of BQ “BBB-” rating municipal bonds, the tax credit bond’s value would decline by 0.89 percent. We do not anticipate a significant deterioration of the tax credit bond’s credit quality. Management reviews the discount rate on an ongoing basis based on current market rates.

SBA loans held for sale – Small Business Administration (“SBA”) loans held for sale are carried at the lower of cost or fair value. As of June 30, 2013 and December 31, 2012, we had zero and $7.8 million of SBA loans held for sale, respectively. Management obtains quotes, bids or pricing indication sheets on all or part of these loans directly from the purchasing financial institutions. Premiums received or to be received on the quotes, bids or pricing indication sheets are indicative of the fact that cost is lower than fair value. At December 31, 2012, the entire balance of SBA loans held for sale was recorded at its cost. We record SBA loans held for sale on a nonrecurring basis with Level 2 inputs.

Non-performing loans held for sale – We reclassify certain non-performing loans as held for sale when we decide to sell those loans. The fair value of non-performing loans held for sale is generally based upon the quotes, bids or sales contract prices which approximate their fair value. Non-performing loans held for sale are recorded at estimated fair value less anticipated liquidation cost. As of June 30, 2013 and December 31, 2012, we had $2.6 million and $484,000 of non-performing loans held for sale, respectively, which are measured on a nonrecurring basis with Level 2 inputs.

Stock warrants—The Company followed the guidance of FASB ASC Topic 815- 40, “Derivatives and Hedging—Contracts in Entity’s Own Stock”, which establishes a framework for determining whether certain freestanding and embedded instruments are indexed to a company’s own stock for purposes of evaluation of the accounting for such instruments under existing accounting literature. Under GAAP, the issuer is required to measure the fair value of the equity instruments in the transaction as of earlier of (i) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached or (ii) the date at which the counterparty’s performance is complete. The fair value of the warrants was recorded as a liability and a cost of equity, which was determined by the Black-Scholes option pricing modeling and was measured on a recurring basis with Level 3 inputs.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

There were no transfers of assets between Level 1 and Level 2 of the fair value hierarchy for the three months ended June 30, 2013. As of June 30, 2013 and December 31, 2012, assets and liabilities measured at fair value on a recurring basis are as follows:

	Level 1		Level 2		Level 3
			Significant
			Observable
	Quoted Prices in		Inputs with No
	Active Markets		Active Market		Significant
	for Identical		with Identical		Unobservable
	Assets		Characteristics		Inputs		Balance
	(In thousands)
As of June 30, 2013
Assets:
Debt securities available-for-sale:
Mortgage-backed securities	$	—	$	124,618	$	—	$	124,618
Collateralized mortgage obligations		—		84,848		—		84,848
U.S. government agency securities		97,604		—		—		97,604
Municipal bonds-tax exempt		—		9,889		762		10,651
Municipal bonds-taxable		—		45,546		—		45,546
Corporate bonds		—		20,375		—		20,375
SBA loan pools securities		—		13,501		—		13,501
Other securities		—		2,933		—		2,933
Total debt securities available-for-sale		97,604		301,710		762		400,076
Equity securities available-for-sale:
Financial services industry		739		—		—		739
Total equity securities available-for-sale		739		—		—		739
Total securities available-for-sale	$	98,343	$	301,710	$	762	$	400,815
Liabilities:
Stock warrants	$	—	$	—	$	5	$	5
December 31, 2012:
Assets:
Debt securities available-for-sale:
Mortgage-backed securities	$	—	$	160,326	$	—	$	160,326
Collateralized mortgage obligations		—		100,487		—		100,487
U.S. government agency securities		93,118		—		—		93,118
Municipal bonds-tax exempt		—		12,033		779		12,812
Municipal bonds-taxable		—		46,142		—		46,142
Corporate bonds		—		20,400		—		20,400
SBA loan pools securities		—		14,026		—		14,026
Other securities		—		3,357		—		3,357
Total debt securities available-for-sale		93,118		356,771		779		450,668
Equity securities available-for-sale:
Financial services industry		392		—		—		392
Total equity securities available-for-sale		392		—		—		392
Total securities available-for-sale	$	93,510	$	356,771	$	779	$	451,060
Liabilities:
Stock warrants	$	—	$	—	$	906	$	906

The table below presents a reconciliation and income statement classification of gains and losses for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2013:

									Unrealized
									Gains or
	Beginning		Purchases			Realized			Losses			Ending
	Balance as of		Issuances,			Gains or			in Other			Balance as of
	January 1,		and			Losses			Comprehensive			June 30,
	2013		Settlement			In Earnings			Income			2013
	(In thousands)
Assets:
Municipal bonds-tax exempt (1)	$	779	$	—		$	—		$	(17	)	$	762
Liabilities:
Stock warrants (2)	$	906	$	(841	)	$	(60	)	$	—		$	5

(1) Reflects a zero coupon tax credit municipal bond. As the Company was not able to obtain a price from independent external pricing service providers, the discounted cash flow method was used to determine its fair value. The bond carried a par value of $700,000 and an amortized value of $698,000 with a remaining life of 1.7 years at June 30, 2013.

(2) Reflects warrants for our common stock issued in connection with services Cappello Capital Corp. provided to us as a placement agent in connection with our best efforts public offering and as our financial adviser in connection with our completed rights offering. The warrants were immediately exercisable when issued at an exercise price of $9.60 per share of our common stock and expire on October 14, 2015. See “Note 5 – Stockholders’ Equity” for more details.

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

As of June 30, 2013 and December 31, 2012, assets and liabilities measured at fair value on a non-recurring basis are as follows:

	Level 1		Level 2		Level 3
			Significant
			Observable
	Quoted Prices in		Inputs With No
	Active Markets		Active Market		Significant		Loss During The
	for Identical		With Identical		Unobservable		Six Months Ended
	Assets		Characteristics		Inputs		June 30, 2013
	(In thousands)
As of June 30, 2013
Assets:
Non-performing loans held for sale (1)	$	—	$	2,553	$	—	$	—
Impaired loans (2)		—		30,444		187		1,343
Other real estate owned (3)		—		900		—		7
	Level 1		Level 2		Level 3
			Significant
			Observable
	Quoted Prices in		Inputs With No
	Active Markets		Active Market		Significant		Loss During The
	for Identical		With Identical		Unobservable		Twelve Months Ended
	Assets		Characteristics		Inputs		December 31, 2012
	(In thousands)
As of December 31, 2012:
Assets:
Non-performing loans held for sale (4)	$	—	$	484	$	—	$	3,747
Impaired loans (5)		—		27,844		8,888		580
Other real estate owned (6)		—		774		—		301

(1) Includes commercial and industrial loans of $1.8 million and real estate loans of $780,000

(2) Includes real estate loans of $6.9 million, commercial and industrial loans of $22.4 million, and consumer loans of $1.3 million

(3) Includes properties from the foreclosure of a residential property loan of $513,000 and a SBA loan of $387,000

(4) Includes a SBA loan of $484,000

(5) Includes real estate loans of $8.7 million, commercial and industrial loans of $27.0 million, and consumer loans of $1.0 million

(6) Includes properties from the foreclosure of real estate loans of $774,000

FASB ASC 825 requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring basis or non-recurring basis are discussed above.

The estimated fair value of financial instruments has been determined by using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data in order to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

The estimated fair values of financial instruments were as follows:

	June 30, 2013				December 31, 2012
	Carrying or				Carrying or
	Contract		Estimated		Contract		Estimated
	Amount		Fair Value		Amount		Fair Value
	(In thousands)
Financial assets:
Cash and cash equivalents	$	77,860	$	77,860	$	268,047	$	268,047
Restricted cash		—		—		5,350		5,350
Investment securities available-for-sale		400,815		400,815		451,060		451,060
Loans receivable, net of allowance for loan losses		2,128,208		2,104,321		1,986,051		1,981,669
Loans held for sale		2,553		2,553		8,306		8,306
Accrued interest receivable		7,441		7,441		7,581		7,581
Investment in federal home loan bank stock		14,197		14,197		17,800		17,800
Investment in federal reserve bank		13,200		13,200		12,222		12,222
Financial liabilities:
Noninterest-bearing deposits		736,470		736,470		720,931		720,931
Interest-bearing deposits		1,625,443		1,629,944		1,675,032		1,680,211
Borrowings		2,743		2,784		85,341		85,414
Accrued interest payable		2,570		2,570		11,775		11,775
Off-balance sheet items:
Commitments to extend credit		177,955		151		182,746		146
Standby letters of credit		9,694		25		10,588		24

The methods and assumptions used to estimate the fair value of each class of financial instruments for which it was practicable to estimate that value are explained below:

Cash and cash equivalents – The carrying amounts of cash and cash equivalents approximate fair value due to the short-term nature of these instruments (Level 1).

Restricted cash – The carrying amount of restricted cash approximates its fair value (Level 1).

Investment securities – The fair value of investment securities, consisting of investment securities available-for-sale, is generally obtained from market bids for similar or identical securities, from independent securities brokers or dealers, or from other model-based valuation techniques described above (Level 1, 2 and 3).

Loans receivable, net of allowance for loan losses – The fair value for loans receivable is estimated based on the discounted cash flow approach. The discount rate was derived from the associated yield curve plus spreads and reflects the offering rates offered by the Bank for loans with similar financial characteristics. Yield curves are constructed by product type using the Bank’s loan pricing model for like-quality credits. The discount rates used in the Bank’s model represent the rates the Bank would offer to current borrowers for like-quality credits. These rates could be different from what other financial institutions could offer for these loans. No adjustments have been made for changes in credit within the loan portfolio. It is our opinion that the allowance for loan losses relating to performing and nonperforming loans results in a fair valuation of such loans. Additionally, the fair value of our loans may differ significantly from the values that would have been used had a ready market existed for such loans and may differ materially from the values that we may ultimately realize (Level 3).

Loans held for sale – Loans held for sale are carried at the lower of aggregate cost or fair market value, as determined based upon quotes, bids or sales contract prices, or as may be assessed based upon the fair value of the collateral which is obtained from recent real estate appraisals (Level 2). Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustment is typically significant and results in Level 3 classification of the inputs for determining fair value.

Accrued interest receivable – The carrying amount of accrued interest receivable approximates its fair value (Level 1).

Investment in Federal Home Loan Bank and Federal Reserve Bank stock – The carrying amounts of investment in Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) stock approximate fair value as such stock may be resold to the issuer at carrying value (Level 1).

Non-interest-bearing deposits – The fair value of non-interest-bearing deposits is the amount payable on demand at the reporting date (Level 2).

Interest-bearing deposits – The fair value of interest-bearing deposits, such as savings accounts, money market checking, and certificates of deposit, is estimated based on discounted cash flows. The cash flows for non-maturity deposits, including savings accounts and money market checking, are estimated based on their historical decaying experiences. The discount rate used for fair valuation is based on interest rates currently being offered by the Bank on comparable deposits as to amount and term (Level 3).

Borrowings – Borrowings consist of FHLB advances, junior subordinated debentures and other borrowings. Discounted cash flows based on current market rates for borrowings with similar remaining maturities are used to estimate the fair value of borrowings (Level 3).

Accrued interest payable – The carrying amount of accrued interest payable approximates its fair value (Level 1).

Stock warrants – The fair value of stock warrants is determined by the Black-Scholes option pricing model. The expected stock volatility is based on historical volatility of our common stock over expected term of the warrants. The expected life assumption is based on the contract term. The dividend yield of zero is based on the fact that we have no present intention to pay cash dividends. The risk free rate used for the warrants is equal to the zero coupon rate in effect at the time of the grant (Level 3).

Commitments to extend credit and standby letters of credit – The fair values of commitments to extend credit and standby letters of credit are based upon the difference between the current value of similar loans and the price at which the Bank has committed to make the loans (Level 3).

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement Of Partners Capital [Abstract]
Net income	$ 9,519	$ 55,775	$ 19,629	$ 63,116
Unrealized (loss) gain on securities
Unrealized holding (loss) gain arising during period	(5,553)	214	(6,121)	888
Less: reclassification adjustment for gain included in net income	(303)	(1,266)	(312)	(1,266)
Unrealized gain on interest rate swap		8		9
Unrealized gain on interest-only strip of servicing assets	(2)	(3)	1	(1)
Income tax benefit related to items of other comprehensive income	2,397		2,648
Other comprehensive loss	(3,461)	(1,047)	(3,784)	(370)
Comprehensive Income	$ 6,058	$ 54,728	$ 15,845	$ 62,746

XML

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	$ 400,815	$ 451,060
Stock Warrants	5	906
Total debt securities available-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	400,076	450,668
Financial services industry [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	739	392
Equity securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	739	392
Mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	124,618	160,326
Collateralized mortgage obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	84,848	100,487
U.S. government agency securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	97,604	93,118
Municipal bonds-tax exempt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	10,651	12,812
Municipal bonds-taxable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	45,546	46,142
Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	20,375	20,400
SBA loan pools securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	13,501	14,026
Other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	2,933	3,357
Recurring Basis (Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	98,343	93,510
Stock Warrants
Recurring Basis (Member] | Quoted Prices in Active Markets for Identical Assets [Member] | Total debt securities available-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	97,604	93,118
Recurring Basis (Member] | Quoted Prices in Active Markets for Identical Assets [Member] | Financial services industry [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	739	392
Recurring Basis (Member] | Quoted Prices in Active Markets for Identical Assets [Member] | Equity securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	739	392
Recurring Basis (Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	301,710	356,771
Stock Warrants
Recurring Basis (Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member] | Total debt securities available-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	301,710	356,771
Recurring Basis (Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member] | Financial services industry [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member] | Equity securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	762	779
Stock Warrants	5	906
Recurring Basis (Member] | Significant Unobservable Inputs [Member] | Total debt securities available-for-sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	762	779
Recurring Basis (Member] | Significant Unobservable Inputs [Member] | Financial services industry [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Significant Unobservable Inputs [Member] | Equity securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Mortgage-backed securities [Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Mortgage-backed securities [Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	124,618	160,326
Recurring Basis (Member] | Mortgage-backed securities [Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Collateralized mortgage obligations [Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Collateralized mortgage obligations [Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	84,848	100,487
Recurring Basis (Member] | Collateralized mortgage obligations [Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | U.S. government agency securities [Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	97,604	93,118
Recurring Basis (Member] | U.S. government agency securities [Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | U.S. government agency securities [Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Municipal bonds-tax exempt [Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Municipal bonds-tax exempt [Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	9,889	12,033
Recurring Basis (Member] | Municipal bonds-tax exempt [Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	762	779
Recurring Basis (Member] | Municipal bonds-taxable [Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Municipal bonds-taxable [Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	45,546	46,142
Recurring Basis (Member] | Municipal bonds-taxable [Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Corporate bonds [Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Corporate bonds [Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	20,375	20,400
Recurring Basis (Member] | Corporate bonds [Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | SBA loan pools securities [Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | SBA loan pools securities [Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	13,501	14,026
Recurring Basis (Member] | SBA loan pools securities [Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Other securities [Member] | Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales
Recurring Basis (Member] | Other securities [Member] | Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales	2,933	3,357
Recurring Basis (Member] | Other securities [Member] | Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available-for-sales

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and due from banks	$ 72,429	$ 92,350
Interest-bearing deposits in other banks	5,431	175,697
Cash and cash equivalents	77,860	268,047
Restricted cash		5,350
Securities available-for-sale, at fair value (amortized cost of $399,900 as of June 30, 2013 and $443,712 as of December 31, 2012)	400,815	451,060
Loans held for sale, at the lower of cost or fair value	2,553	8,306
Loans receivable, net of allowance for loan losses of $59,876 as of June 30, 2013 and $63,305 as of December 31, 2012	2,128,208	1,986,051
Accrued interest receivable	7,441	7,581
Premises and equipment, net	14,463	15,150
Other real estate owned, net	900	774
Customers' liability on acceptances	1,372	1,336
Servicing assets	6,383	5,542
Other intangible assets, net	1,253	1,335
Investment in federal home loan bank stock, at cost	14,197	17,800
Investment in federal reserve bank stock, at cost	13,200	12,222
Income tax assets	63,783	60,028
Bank-owned life insurance	29,517	29,054
Prepaid expenses	2,572	2,084
Other assets	8,897	10,800
Total assets	2,773,414	2,882,520
Deposits:
Noninterest-bearing	736,470	720,931
Interest-bearing	1,625,443	1,675,032
Total deposits	2,361,913	2,395,963
Accrued interest payable	2,570	11,775
Bank's liability on acceptances	1,372	1,336
Federal home loan bank advances	2,743	2,935
Junior subordinated debentures		82,406
Accrued expenses and other liabilities	9,420	9,741
Total liabilities	2,378,018	2,504,156
Stockholders' equity:
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 32,182,731 shares (31,604,837 shares outstanding) and 32,074,434 shares (31,496,540 shares outstanding) as of June 30, 2013 and December 31, 2012	257	257
Additional paid-in capital	551,286	550,123
Unearned compensation	(33)	(57)
Accumulated other comprehensive income, net of tax (benefit) expense of ($702) as of June 30, 2013 and $1,946 as of December 31, 2012	1,634	5,418
Accumulated deficit	(87,890)	(107,519)
Less: treasury stock, at cost; 577,894 shares as of June 30, 2013 and December 31, 2012	(69,858)	(69,858)
Total stockholders' equity	395,396	378,364
Total liabilities and stockholders' equity	$ 2,773,414	$ 2,882,520

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Loans - Troubled Debt Restructurings that Defaulted Subsequent to Modifications Occurring Within Previous Twelve Months, Disaggregated by Loan Class (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013 SecurityLoan	Jun. 30, 2012 SecurityLoan	Jun. 30, 2013 SecurityLoan	Jun. 30, 2012 SecurityLoan
Financing Receivable, Modifications [Line Items]
Number of Loans	6	19	7	20
Recorded Investment	$ 481	$ 1,951	$ 1,755	$ 1,992
Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	4	6	4	7
Recorded Investment	311	636	311	677
Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans			1
Recorded Investment			1,274
Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans		1		1
Recorded Investment		273		273
Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	2	12	2	12
Recorded Investment	$ 170	$ 1,042	$ 170	$ 1,042

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Accumulated Other Comprehensive Income - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Net realized gain (loss) on redemption of investment securities	$ 303,000	$ 1,381,000	$ 312,000	$ 1,382,000
Recognized in earnings resulting from the redemption of investment securities	$ 812,000	$ 1,900,000	$ 856,000	$ 1,700,000

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Off-Balance Sheet Commitments (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Distribution of Undisbursed Loan Commitments

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

	June 30,		December 31,
	2013		2012
	(In thousands)
Commitments to extend credit	$	177,955	$	182,746
Standby letters of credit		9,694		10,588
Commercial letters of credit		4,150		6,092
Unused credit card lines		11,805		13,459
Total undisbursed loan commitments	$	203,604	$	212,885

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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investments Debt And Equity Securities [Abstract]

Summary of Investment Securities Available for Sale

The following is a summary of investment securities available-for-sale:

	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Estimated Fair Value
	(In thousands)
June 30, 2013:
Mortgage-backed securities (1)	$	125,177	$	1,312	$	1,871	$	124,618
Collateralized mortgage obligations (1)		83,955		1,414		521		84,848
U.S. government agency securities		98,853		18		1,267		97,604
Municipal bonds-tax exempt		10,166		485		—		10,651
Municipal bonds-taxable		44,053		1,679		186		45,546
Corporate bonds		20,475		176		276		20,375
SBA loan pool securities		13,842		—		341		13,501
Other securities		3,025		1		93		2,933
Equity securities		354		385		—		739
Total securities available-for-sale	$	399,900	$	5,470	$	4,555	$	400,815
December 31, 2012:
Mortgage-backed securities (1)	$	157,185	$	3,327	$	186	$	160,326
Collateralized mortgage obligations (1)		98,821		1,775		109		100,487
U.S. government agency securities		92,990		222		94		93,118
Municipal bonds-tax exempt		12,209		603		—		12,812
Municipal bonds-taxable		44,248		2,029		135		46,142
Corporate bonds		20,470		176		246		20,400
SBA loan pool securities		14,104		4		82		14,026
Other securities		3,331		73		47		3,357
Equity securities		354		78		40		392
Total securities available-for-sale	$	443,712	$	8,287	$	939	$	451,060

(1) Collateralized by residential mortgages and guaranteed by U.S. government sponsored entities

Schedule of Investment Securities

	Available-for-Sale
	Amortized		Estimated
	Cost		Fair Value
	(In thousands)
Within one year	$	—	$	—
Over one year through five years		29,404		29,406
Over five years through ten years		111,880		111,811
Over ten years		49,130		49,393
Mortgage-backed securities		125,177		124,618
Collateralized mortgage obligations		83,955		84,848
Equity securities		354		739
Total	$	399,900	$	400,815

Continuous Unrealized Loss Position

Gross unrealized losses on investment securities available-for-sale, the estimated fair value of the related securities and the number of securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows as of June 30, 2013 and December 31, 2012:

	Holding Period
	Less Than 12 Months						12 Months or More						Total
	Gross		Estimated		Number		Gross		Estimated		Number		Gross		Estimated		Number
	Unrealized		Fair		of		Unrealized		Fair		of		Unrealized		Fair		of
	Loss		Value		Securities		Loss		Value		Securities		Loss		Value		Securities
	(In thousands, except number of securities)
June 30, 2013:
Mortgage-backed securities	$	1,871	$	79,024		26	$	—	$	—		—	$	1,871	$	79,024		26
Collateralized mortgage obligations		521		25,134		10		—		—		—		521		25,134		10
U.S. government agency securities		1,267		89,068		31		—		—		—		1,267		89,068		31
Municipal bonds-taxable		183		7,485		6		3		444		1		186		7,929		7
Corporate bonds		108		4,880		1		168		10,819		3		276		15,699		4
SBA loan pool securities		341		13,501		4		—		—		—		341		13,501		4
Other securities		10		2,016		4		83		918		1		93		2,934		5
Total	$	4,301	$	221,108		82	$	254	$	12,181		5	$	4,555	$	233,289		87
December 31, 2012:
Mortgage-backed securities	$	186	$	28,354		10	$	—	$	—		—	$	186	$	28,354		10
Collateralized mortgage obligations		109		14,344		5		—		—		—		109		14,344		5
U.S. government agency securities		94		26,894		9		—		—		—		94		26,894		9
Municipal bonds-taxable		126		4,587		4		9		1,964		3		135		6,551		7
Corporate bonds		—		—		—		246		10,738		3		246		10,738		3
SBA loan pool securities		82		11,004		3		—		—		—		82		11,004		3
Other securities		1		12		1		46		953		1		47		965		2
Equity securities		40		96		1		—		—		—		40		96		1
Total	$	638	$	85,291		33	$	301	$	13,655		7	$	939	$	98,946		40

Realized Gains and Losses on Sales of Investment Securities

Realized gains and losses on sales of investment securities, proceeds from sales of investment securities and the tax expense on sales of investment securities were as follows for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(In thousands)
Gross realized gains on sales of investment securities	$	304		$	1,431		$	313		$	1,432
Gross realized losses on sales of investment securities		(1	)		(50	)		(1	)		(50	)
Net realized gains on sales of investment securities	$	303		$	1,381		$	312		$	1,382
Proceeds from sales of investment securities	$	15,764		$	85,538		$	24,764		$	88,538
Tax expense on sales of investment securities	$	127		$	581		$	131		$	581

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Loans - Information on Impaired Loans, Disaggregated by Loan Class (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 45,674		$ 45,674		$ 54,744
Unpaid Principal Balance	51,814		51,814		61,561
With No Related Allowance Recorded	31,220		31,220		28,830
With an Allowance Recorded	14,454		14,454		25,914
Related Allowance	5,424		5,424		6,231
Average Recorded Investment	46,117	60,742	48,050	64,508
Interest Income Recognized	926	1,239	1,822	2,345
Real estate loans [Member] | Retail [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,818		1,818		2,930
Unpaid Principal Balance	1,818		1,818		3,024
With No Related Allowance Recorded	1,818		1,818		2,930
With an Allowance Recorded
Related Allowance
Average Recorded Investment	1,823	2,546	2,309	1,945
Interest Income Recognized	18	19	44	48
Real estate loans [Member] | Land [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,612		1,612		2,097
Unpaid Principal Balance	1,902		1,902		2,307
With No Related Allowance Recorded	1,612		1,612		2,097
With an Allowance Recorded
Related Allowance
Average Recorded Investment	1,637	2,137	1,674	2,175
Interest Income Recognized	40	45	80	91
Real estate loans [Member] | Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	523		523		527
Unpaid Principal Balance	523		523		527
With No Related Allowance Recorded
With an Allowance Recorded	523		523		527
Related Allowance	28		28		67
Average Recorded Investment	524	878	525	1,138
Interest Income Recognized	6	11	10	33
Real estate loans [Member] | Residential property [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,019		3,019		3,265
Unpaid Principal Balance	3,091		3,091		3,308
With No Related Allowance Recorded	3,019		3,019		1,866
With an Allowance Recorded					1,399
Related Allowance					94
Average Recorded Investment	3,027	3,177	3,043	3,259
Interest Income Recognized	31	48	59	84
Real estate loans [Member] | Construction [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment		7,983		8,090
Interest Income Recognized		89		178
Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	12,689		12,689		14,532
Unpaid Principal Balance	13,742		13,742		15,515
With No Related Allowance Recorded	3,440		3,440		6,826
With an Allowance Recorded	9,249		9,249		7,706
Related Allowance	3,863		3,863		2,144
Average Recorded Investment	12,933	13,474	13,093	14,257
Interest Income Recognized	221	192	406	430
Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	16,492		16,492		22,050
Unpaid Principal Balance	17,649		17,649		23,221
With No Related Allowance Recorded	15,887		15,887		9,520
With an Allowance Recorded	605		605		12,530
Related Allowance	119		119		2,319
Average Recorded Investment	16,539	19,021	17,026	22,756
Interest Income Recognized	305	525	618	958
Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,052		1,052		1,521
Unpaid Principal Balance	1,259		1,259		1,704
With No Related Allowance Recorded	1,052		1,052		848
With an Allowance Recorded					673
Related Allowance					230
Average Recorded Investment	1,060	1,788	1,286	1,835
Interest Income Recognized	9	22	24	30
Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	5,541		5,541		6,170
Unpaid Principal Balance	8,832		8,832		10,244
With No Related Allowance Recorded	3,363		3,363		4,294
With an Allowance Recorded	2,178		2,178		1,876
Related Allowance	998		998		762
Average Recorded Investment	5,595	8,336	6,034	8,150
Interest Income Recognized	281	286	554	483
Commercial and industrial loans [Member] | International loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,281		1,281
Unpaid Principal Balance	1,280		1,280
With No Related Allowance Recorded	572		572
With an Allowance Recorded	709		709
Related Allowance	31		31
Average Recorded Investment	1,330		1,414
Consumer loans [Member] | Consumer loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,647		1,647		1,652
Unpaid Principal Balance	1,718		1,718		1,711
With No Related Allowance Recorded	457		457		449
With an Allowance Recorded	1,190		1,190		1,203
Related Allowance	385		385		615
Average Recorded Investment	1,649	1,402	1,646	903
Interest Income Recognized	$ 15	$ 2	$ 27	$ 10

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Stockholders' Equity - Additional Information (Detail) (USD $)	6 Months Ended		3 Months Ended
	Jun. 30, 2013	Jun. 30, 2013 Stock warrants [Member]	Jun. 30, 2013 Stock warrants [Member] Remeasuring [Member]
Stockholders Equity Note [Line Items]
Number of shares of common stock to be purchased by issuing warrants	250,000
Exercise price of stock warrants	9.60
Warrants expiration date	Oct. 14, 2015
Fair value of warrants outstanding	$ 2,000,000
Percentage of weighted average expected stock volatility for warrant		111.46%	30.37%
Contract term of expected life assumption		5 years	2 years 1 month 6 days
Percentage of risk free rate for warrants		2.07%	0.58%
Dividend yield		0.00%	0.00%
Increase in fair value of warrants			$ 9,000

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Share-Based Compensation - Unrecognized Share-Based Compensation Expense (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense	$ 801
Average Expected Recognition Period	2 years 4 months 24 days
Stock option awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense	768
Average Expected Recognition Period	2 years 6 months
Restricted stock awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense	$ 33
Average Expected Recognition Period	9 months 18 days

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Loans - Loans Receivable to Loans Held for Sale (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
Balance at beginning of period	$ 6,043,000	$ 55,993,000	$ 8,306,000	$ 22,587,000
Origination of loans held for sale	22,834,000	34,723,000	45,978,000	60,589,000
Reclassification from loans receivable to loans held for sale	4,637,000	26,990,000	8,010,000	64,471,000
Reclassification from loans held for sale to other real estate owned				(360,000)
Reclassification from loans held for sale to loans receivable		(1,779,000)		(1,779,000)
Sales of loans held for sale	(30,956,000)	(109,461,000)	(59,721,000)	(138,158,000)
Principal payoffs and amortization	(5,000)	(204,000)	(20,000)	(431,000)
Valuation adjustments		(1,124,000)		(1,781,000)
Balance at end of period	2,553,000	5,138,000	2,553,000	5,138,000
Real estate loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Balance at beginning of period		10,879,000		11,068,000
Origination of loans held for sale
Reclassification from loans receivable to loans held for sale	780,000	15,148,000	780,000	32,224,000
Reclassification from loans held for sale to other real estate owned				(360,000)
Reclassification from loans held for sale to loans receivable		(1,647,000)		(1,647,000)
Sales of loans held for sale		(21,909,000)		(38,703,000)
Principal payoffs and amortization		(58,000)		(169,000)
Valuation adjustments		(1,124,000)		(1,124,000)
Balance at end of period	780,000	1,289,000	780,000	1,289,000
Commercial and industrial loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Balance at beginning of period	6,043,000	45,114,000	8,306,000	11,519,000
Origination of loans held for sale	22,834,000	34,723,000	45,978,000	60,589,000
Reclassification from loans receivable to loans held for sale	3,857,000	11,842,000	7,230,000	32,247,000
Reclassification from loans held for sale to other real estate owned
Reclassification from loans held for sale to loans receivable		(132,000)		(132,000)
Sales of loans held for sale	(30,956,000)	(87,552,000)	(59,721,000)	(99,455,000)
Principal payoffs and amortization	(5,000)	(146,000)	(20,000)	(262,000)
Valuation adjustments				(657,000)
Balance at end of period	1,773,000	3,849,000	1,773,000	3,849,000
Consumer loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Balance at beginning of period
Origination of loans held for sale
Reclassification from loans receivable to loans held for sale
Reclassification from loans held for sale to other real estate owned
Reclassification from loans held for sale to loans receivable
Sales of loans held for sale
Principal payoffs and amortization
Valuation adjustments
Balance at end of period

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Investment Securities - Realized Gains and Losses on Sales of Investment Securities (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Investments Debt And Equity Securities [Abstract]
Gross realized gains on sales of investment securities	$ 304	$ 1,431	$ 313	$ 1,432
Gross realized losses on sales of investment securities	(1)	(50)	(1)	(50)
Net realized gains on sales of investment securities	303	1,381	312	1,382
Proceeds from sales of investment securities	15,764	85,538	24,764	88,538
Tax expense on sales of investment securities	$ 127	$ 581	$ 131	$ 581

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Loans - Loans Receivable (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 2,187,389		$ 2,048,560	$ 1,949,624
Allowance for loan losses	(59,876)	(61,191)	(63,305)	(71,893)	(81,052)	(89,936)
Deferred loan fees	695		796
Loans receivable, net	2,128,208		1,986,051
Real estate loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	976,436		888,872
Real estate loans [Member] | Commercial property [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	887,782		787,094
Real estate loans [Member] | Residential property [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	88,654		101,778
Commercial and industrial loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,175,573		1,123,012
Commercial and industrial loans [Member] | Commercial term [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	940,555		884,364
Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	45,195		56,121
Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	157,240		148,306
Commercial and industrial loans [Member] | International loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	32,583		34,221
Consumer loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 35,380		$ 36,676

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Regulatory Matters

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Regulatory Matters

Note 6 — Regulatory Matters

Risk-Based Capital

Federal bank regulatory agencies require bank holding companies and banks to maintain a minimum ratio of qualifying total capital to risk-weighted assets of 8.0 percent and a minimum ratio of Tier 1 capital to risk-weighted assets of 4.0 percent. In addition to the risk-based guidelines, federal bank regulatory agencies require bank holding companies and banks to maintain a minimum ratio of Tier 1 capital to average total assets, referred to as the leverage ratio, of 4.0 percent.

In order for banks to be considered “well capitalized,” federal bank regulatory agencies require them to maintain a minimum ratio of qualifying total capital to risk-weighted assets of 10.0 percent and a minimum ratio of Tier 1 capital to risk-weighted assets of 6.0 percent. In addition to the risk-based guidelines, federal bank regulatory agencies require depository institutions to maintain a minimum ratio of Tier 1 capital to average total assets, referred to as the leverage ratio, of 5.0 percent.

The capital ratios of Hanmi Financial and the Bank as of June 30, 2013 and 2012 were as follows:

						Minimum					Minimum to Be
						Regulatory					Categorized as
	Actual					Requirement					“Well Capitalized”
	Amount		Ratio			Amount		Ratio			Amount		Ratio
						(In thousands)
June 30, 2013
Total capital (to risk-weighted assets):
Hanmi Financial	$	399,496		17.08	%	$	187,087		8.00	%		N/A		N/A
Hanmi Bank	$	386,124		16.53	%	$	186,833		8.00	%	$	233,541		10.00	%
Tier 1 capital (to risk-weighted assets):
Hanmi Financial	$	369,737		15.81	%	$	93,544		4.00	%		N/A		N/A
Hanmi Bank	$	356,485		15.26	%	$	93,417		4.00	%	$	140,125		6.00	%
Tier 1 capital (to average assets):
Hanmi Financial	$	369,737		13.35	%	$	110,786		4.00	%		N/A		N/A
Hanmi Bank	$	356,485		12.88	%	$	110,705		4.00	%	$	138,382		5.00	%
June 30, 2012
Total capital (to risk-weighted assets):
Hanmi Financial	$	422,301		20.02	%	$	168,754		8.00	%		N/A		N/A
Hanmi Bank	$	401,456		19.06	%	$	168,467		8.00	%	$	210,584		10.00	%
Tier 1 capital (to risk-weighted assets):
Hanmi Financial	$	395,342		18.74	%	$	84,377		4.00	%		N/A		N/A
Hanmi Bank	$	374,540		17.79	%	$	84,234		4.00	%	$	126,351		6.00	%
Tier 1 capital (to average assets):
Hanmi Financial	$	395,342		14.70	%	$	107,587		4.00	%		N/A		N/A
Hanmi Bank	$	374,540		13.95	%	$	107,361		4.00	%	$	134,201		5.00	%

Regulatory Capital Rule Adjustments

In July 2013, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation approved the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revise minimum capital requirements and adjust prompt corrective action thresholds. The rules also revise the regulatory capital elements, add a new common equity Tier I capital ratio, and increase the minimum Tier I capital ratio requirement. The revisions permit banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. Additionally, the rules implement a new capital conservation buffer. Under the final rules, institutions are subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the capital conservation buffer amount. The rules will become effective January 1, 2015 for smaller, non-complex banking organizations with full implementation of the capital conservation buffer and certain deductions and adjustments to regulatory capital through January 1, 2019. The Company will continue to evaluate the new changes, and expects that the Company and the Bank will meet the capital requirements.

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Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Parenthetical) (Detail) (Non-recurring Basis [Member], USD $)	Jun. 30, 2013	Dec. 31, 2012
Commercial Property Loan [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans held for sale	$ 513,000
Small Business Administration Loans Held for Sale [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans held for sale	387,000
Small Business Administration Loans Held for Sale [Member] | Non-Performing Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans held for sale		484,000
Real estate loans [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans held for sale		774,000
Real estate loans [Member] | Non-Performing Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans held for sale	780,000
Real estate loans [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	6,900,000	8,700,000
Commercial and industrial loans [Member] | Non-Performing Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans held for sale	1,800,000
Commercial and industrial loans [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	22,400,000	27,000,000
Consumer loans [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 1,300,000	$ 1,000,000

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Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Activity in Accumulated Other Comprehensive Income (Loss)

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

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

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Loans - Credit Quality of Loan Portfolio (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 2,187,389	$ 2,048,560	$ 1,949,624
Real estate loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	976,436	888,872
Real estate loans [Member] | Retail [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	440,071	392,945
Real estate loans [Member] | Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	13,446	14,007
Real estate loans [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	434,265	380,142
Real estate loans [Member] | Residential property [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	88,654	101,778
Commercial and industrial loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,175,573	1,123,012
Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	102,029	110,172
Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	838,526	774,192
Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	45,195	56,121
Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	157,240	148,306
Commercial and industrial loans [Member] | International loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	32,583	34,221
Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	35,380	36,676
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	2,063,504	1,913,379
Pass [Member] | Real estate loans [Member] | Retail [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	433,954	386,650
Pass [Member] | Real estate loans [Member] | Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,465	5,491
Pass [Member] | Real estate loans [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	419,664	366,518
Pass [Member] | Real estate loans [Member] | Residential property [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	86,677	99,250
Pass [Member] | Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	84,786	87,370
Pass [Member] | Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	779,408	710,723
Pass [Member] | Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	42,914	53,391
Pass [Member] | Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	146,716	136,058
Pass [Member] | Commercial and industrial loans [Member] | International loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	31,303	34,221
Pass [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	32,617	33,707
Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	34,190	31,987
Criticized [Member] | Real estate loans [Member] | Retail [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	3,755	3,971
Criticized [Member] | Real estate loans [Member] | Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans
Criticized [Member] | Real estate loans [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	12,026	12,132
Criticized [Member] | Real estate loans [Member] | Residential property [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans
Criticized [Member] | Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	631	663
Criticized [Member] | Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	16,105	13,038
Criticized [Member] | Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	608	863
Criticized [Member] | Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	884	1,119
Criticized [Member] | Commercial and industrial loans [Member] | International loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans
Criticized [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	181	201
Classified Grade [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	89,695	103,194
Classified Grade [Member] | Real estate loans [Member] | Retail [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	2,362	2,324
Classified Grade [Member] | Real estate loans [Member] | Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	7,981	8,516
Classified Grade [Member] | Real estate loans [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	2,575	1,492
Classified Grade [Member] | Real estate loans [Member] | Residential property [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,977	2,528
Classified Grade [Member] | Commercial and industrial loans [Member] | Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	16,612	22,139
Classified Grade [Member] | Commercial and industrial loans [Member] | Secured by real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	43,013	50,431
Classified Grade [Member] | Commercial and industrial loans [Member] | Commercial lines of credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,673	1,867
Classified Grade [Member] | Commercial and industrial loans [Member] | SBA loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	9,640	11,129
Classified Grade [Member] | Commercial and industrial loans [Member] | International loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,280
Classified Grade [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 2,582	$ 2,768

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Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 9 — Earnings Per Share

Earnings per share (“EPS”) is calculated on both a basic and a diluted basis. Basic EPS excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted from the issuance of common stock that then shared in earnings, excluding common shares in treasury. Unvested restricted stock is excluded from the calculation of weighted-average common shares for basic EPS. For diluted EPS, weighted-average common shares include the impact of restricted stock under the treasury method.

The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:

	2013						2012
	(Numerator)		(Denominator)				(Numerator)		(Denominator)
			Weighted-		Per				Weighted-		Per
	Net		Average		Share		Net		Average		Share
	Income		Shares		Amount		Income		Shares		Amount
	(In thousands, except share and per share data)
Three months ended June 30:
Basic EPS	$	9,519		31,590,760	$	0.30	$	55,775		31,475,610	$	1.77
Effect of dilutive securities - options, warrants and unvested restricted stock		—		65,228		—		—		24,193		—
Diluted EPS	$	9,519		31,655,988	$	0.30	$	55,775		31,499,803	$	1.77
Six months ended June 30:
Basic EPS	$	19,629		31,565,013	$	0.62	$	63,116		31,473,065	$	2.01
Effect of dilutive securities - options, warrants and unvested restricted stock		—		68,522		—		—		16,878		(0.01	)
Diluted EPS	$	19,629		31,633,535	$	0.62	$	63,116		31,489,943	$	2.00

For the three months ended June 30, 2013 and 2012, there were 74,275 and 123,650 options, warrants and shares of unvested restricted stock outstanding, respectively, that were not included in the computation of diluted EPS because their effect would be anti-dilutive. For the six months ended June 30, 2013 and 2012, there were 74,275 and 373,650 options, warrants and shares of unvested restricted stock outstanding, respectively, that were not included in the computation of diluted EPS because their effect would be anti-dilutive.

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Accumulated Other Comprehensive Income - Activity in Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 5,095	$ 4,201	$ 5,418	$ 3,524
Other comprehensive (loss) income before reclassification	(3,158)	218	(3,472)	896
Reclassification from accumulated other comprehensive income	(303)	(1,265)	(312)	(1,266)
Other comprehensive loss	(3,461)	(1,047)	(3,784)	(370)
Balance at end of period	1,634	3,154	1,634	3,154
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	6,771	4,789	7,348	4,115
Other comprehensive (loss) income before reclassification	(5,553)	(82)	(6,121)	593
Reclassification from accumulated other comprehensive income	(303)	(1,265)	(312)	(1,266)
Other comprehensive loss	(5,856)	(1,347)	(6,433)	(673)
Balance at end of period	915	3,442	915	3,442
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Interest-Only-Strip [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	19	23	16	20
Other comprehensive (loss) income before reclassification	(2)	(9)	1	(6)
Other comprehensive loss	(2)	(9)	1	(6)
Balance at end of period	17	14	17	14
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(9)		(9)
Other comprehensive (loss) income before reclassification		9		9
Other comprehensive loss		9		9
Tax Expense Benefit [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(1,695)	(602)	(1,946)	(602)
Other comprehensive (loss) income before reclassification	2,397	300	2,648	300
Other comprehensive loss	2,397	300	2,648	300
Balance at end of period	$ 702	$ (302)	$ 702	$ (302)

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Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Stockholders' Equity

Note 5 — Stockholders’ Equity

Stock Warrants

As part of the agreement dated as of July 27, 2010 with Cappello Capital Corp., the placement agent in connection with our best efforts offering and the financial advisor in connection with our completed rights offering, we issued warrants to purchase 250,000 shares of our common stock for services performed. The warrants have an exercise price of $9.60 per share. According to the agreement, the warrants vested on October 14, 2010 and are exercisable until its expiration on October 14, 2015. The Company followed the guidance of FASB ASC Topic 815- 40, “Derivatives and Hedging—Contracts in Entity’s Own Stock”, which establishes a framework for determining whether certain freestanding and embedded instruments are indexed to a company’s own stock for purposes of evaluation of the accounting for such instruments under existing accounting literature. Under GAAP, the issuer is required to measure the fair value of the equity instruments in the transaction as of earlier of (i) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached or (ii) the date at which the counterparty’s performance is complete. The fair value of the warrants at the date of issuance totaling $2.0 million was recorded as a liability and a cost of equity, which was determined by the Black-Scholes option pricing model. The expected stock volatility was based on historical volatility of our common stock over the expected term of the warrants. We used a weighted average expected stock volatility of 111.46 percent. The expected life assumption was based on the contract term of five years. The dividend yield of zero was based on the fact that we had no intention to pay cash dividends for the term at the grant date. The risk free rate of 2.07 percent used for the warrants was equal to the zero coupon rate in effect at the time of the grant.

Upon re-measuring the fair value of the stock warrants at June 30, 2013, the fair value increased by $9,000, which we have included in other operating expenses for the three months ended June 30, 2013. We used a weighted average expected stock volatility of 30.37 percent and a remaining contractual life of 2.1 years based on the contract terms. We also used a dividend yield of zero as we have no present intention to pay cash dividends. The risk free rate of 0.58 percent used for the warrants was equal to the zero coupon rate in effect at the end of the measurement period.

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net income	$ 19,629	$ 63,116
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	997	1,087
Amortization of premiums and accretion of discounts on investment securities, net	1,443	2,005
Amortization of other intangible assets	82	116
Amortization of servicing assets	739	419
Share-based compensation expense	189	102
Provision for credit losses		6,000
Other-than-temporary loss on investment securities		116
FRB and FHLB stock dividends		334
Net gain on sales of investment securities	(312)	(1,382)
Net (gain) loss on sales of loans	(4,513)	465
Loss on investment in affordable housing partnership	378	440
Gain on bank-owned life insurance settlement		(163)
Valuation adjustment on other real estate owned	7	57
Valuation adjustment for loans held for sale		1,781
Origination of loans held for sale	(45,978)	(60,589)
Proceeds from sales of SBA loans guaranteed portion	60,562	72,223
Change in restricted cash	5,350	(2,001)
Change in accrued interest receivable	140	661
Change in cash surrender value of bank-owned life insurance	(463)	(473)
Change in prepaid expenses	(488)	(1,128)
Change in other assets	1,489	(7,909)
Change in income tax assets	(1,425)	(52,063)
Change in accrued interest payable	(9,205)	(1,150)
Change in stock warrants payable	82	137
Change in other liabilities	1,239	882
Net cash provided by operating activities	29,942	23,083
Cash flows from investing activities:
Proceeds from matured term federal funds		160,000
Proceeds from redemption of federal home loan bank and federal reserve bank stock	3,603	2,109
Proceeds from matured or called securities available-for-sale	40,247	71,339
Proceeds from sales of securities available-for-sale	24,764	88,538
Proceeds from matured or called securities held to maturity		6,338
Proceeds from sales of other real estate owned	548
Proceeds from sales of loans held for sale	5,380	65,470
Proceeds from insurance settlement on bank-owned life insurance		344
Purchases of term federal fund		(155,000)
Change in loans receivable	(154,739)	(16,160)
Purchases of securities available-for-sale	(22,329)	(98,311)
Purchases of premises and equipment	(310)	(396)
Purchases of loans receivable		(82,669)
Purchases of federal reserve bank stock	(978)	(1,979)
Net cash (used in) provided by investing activities	(103,814)	39,623
Cash flows from financing activities:
Change in deposits	(34,050)	40,197
Repayment of long-term federal home loan bank advances	(192)	(181)
Redemption of junior subordinated debentures	(82,406)
Proceeds from exercise of stock options	28
Proceeds from exercise of stock warrants	305
Net cash (used in) provided by financing activities	(116,315)	40,016
Net (decrease) increase in cash and cash equivalents	(190,187)	102,722
Cash and cash equivalents at beginning of year	268,047	201,683
Cash and cash equivalents at end of period	77,860	304,405
Cash paid during the period for:
Interest paid	12,430	11,704
Income taxes paid	11,910	4,912
Non-cash activities:
Transfer of loans receivable to other real estate owned	800	948
Transfer of loans receivable to loans held for sale	8,010	64,471
Transfer of loans held for sale to loans receivable		1,779
Conversion of stock warrants into common stock	983
Income tax benefit related to items of other comprehensive income	2,648
Change in unrealized loss in accumulated other comprehensive income	$ 6,121	$ (888)

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Loans - Changes in Servicing Assets (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Transfers And Servicing [Abstract]
Balance at beginning of period	$ 5,542	$ 3,720
Additions	1,580	1,702
Amortization	(739)	(419)
Balance at end of period	$ 6,383	$ 5,003

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Loans - Non-Performing Assets (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Receivables [Abstract]
Non-accrual loans	$ 27,975	$ 37,279
Loans 90 days or more past due and still accruing
Total non-performing loans	27,975	37,279
Other real estate owned	900	774
Total non-performing assets	$ 28,875	$ 38,053

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Investment Securities - Schedule of Investment Securities (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Summary of Investment Holdings [Line Items]
Available for Sale Within one year, Amortized cost
Available for Sale Over one year through five years, Amortized Cost	29,404
Available for Sale Over five years through ten years, Amortized Cost	111,880
Available for Sale Over ten years, Amortized Cost	49,130
Available for Sale, Amortized Cost	399,900	443,712
Available for Sale Within one year, Estimated Fair Value
Available for Sale Over one year through five years, Estimated Fair Value	29,406
Available for Sale Over five years through ten years, Estimated Fair Value	111,811
Available for Sale Over ten years, Estimated Fair Value	49,393
Available for Sale, Estimated Fair Value	400,815	451,060
Mortgage-backed securities [Member]
Summary of Investment Holdings [Line Items]
Available for Sale, Amortized Cost	125,177	157,185
Available for Sale, Estimated Fair Value	124,618	160,326
Collateralized mortgage obligations [Member]
Summary of Investment Holdings [Line Items]
Available for Sale, Amortized Cost	83,955	98,821
Available for Sale, Estimated Fair Value	84,848	100,487
Equity securities [Member]
Summary of Investment Holdings [Line Items]
Available for Sale, Amortized Cost	354	354
Available for Sale, Estimated Fair Value	$ 739	$ 392

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Share-Based Compensation - Share-Based Payment Award Activity (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013 Y	Jun. 30, 2012	Jun. 30, 2013 Y	Jun. 30, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Options outstanding at beginning of period	335,320		342,950
Number of Shares, Options exercised	(562)	0	(2,241)	0
Number of Shares, Options forfeited	(1,125)		(6,376)
Number of Shares, Options expired	(3,663)		(4,363)
Number of Shares, Options outstanding at end of period	329,970		329,970
Number of Shares, Options exercisable at end of period	171,407		171,407
Weighted-Average Exercise Price Per Share, Options outstanding at beginning of period	$ 37.78		$ 37.44
Weighted-Average Exercise Price Per Share, Options exercised	$ 12.54		$ 12.54
Weighted-Average Exercise Price Per Share, Options forfeited	$ 12.54		$ 12.54
Weighted-Average Exercise Price Per Share, Options expired	$ 81.22		$ 87.60
Weighted-Average Exercise Price Per Share, Options outstanding at end of period	$ 37.43		$ 37.43
Weighted-Average Exercise Price Per Share, Options exercisable at end of period	$ 60.50		$ 60.50
Weighted-Average Remaining Contractual Life, Options outstanding at beginning of period	7.7		8.0
Weighted-Average Remaining Contractual Life, Options exercised	9.5		9.5
Weighted-Average Remaining Contractual Life, Options forfeited	9 years 6 months		9 years 6 months
Weighted-Average Remaining Contractual Life, Options expired	4 years 3 months 18 days		3 years 9 months 18 days
Weighted-Average Remaining Contractual Life, Options outstanding at end of period	7.5		7.5
Weighted-Average Remaining Contractual Life, Options exercisable at end of period	5 years 9 months 18 days		5 years 9 months 18 days
Aggregate Intrinsic Value of In-the-Money Options, Options outstanding at beginning of period	$ 359		$ 359
Aggregate Intrinsic Value of In-the-Money Options, Options exercised
Aggregate Intrinsic Value of In-the-Money Options, Options forfeited
Aggregate Intrinsic Value of In-the-Money Options, Options expired
Aggregate Intrinsic Value of In-the-Money Options, Options outstanding at end of period	1,015		1,015
Aggregate Intrinsic Value of In-the-Money Options, Options exercisable at end of period	$ 572		$ 572

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Fair Value Measurements - Reconciliation and Income Statement Classification of Gains and Losses for All Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Stock warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning Balance	$ 906
Purchase, Issuances, Sales and Settlement	(841)
Realized Gains or Losses In Earnings	(60)
Unrealized Gains or Losses in Other Comprehensive Income
Ending Balance	5
Municipal bonds-tax exempt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning Balance	779
Purchase, Issuances, Sales and Settlement
Realized Gains or Losses In Earnings
Unrealized Gains or Losses in Other Comprehensive Income	(17)
Ending Balance	$ 762

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Segment Reporting

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting

Note 12 — Segment Reporting

Through our branch network and lending units, we provide a broad range of financial services to individuals and companies located primarily in Southern California. These services include demand, time and savings deposits; and commercial and industrial, real estate and consumer lending. While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider all of our operations to be aggregated in one reportable operating segment.

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Share-Based Compensation

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation

Note 8 — Share-Based Compensation

Share-Based Compensation Expense

For the three months ended June 30, 2013 and 2012, share-based compensation expense was $92,000 and $10,000, respectively, and the related tax benefits on non-qualified stock options were $21,000 and $4,000, respectively. For the six months ended June 30, 2013 and 2012, share-based compensation expense was $189,000 and $102,000, respectively, and the related tax benefits on non-qualified stock options were $32,000 and $43,000, respectively.

Unrecognized Share-Based Compensation Expense

As of June 30, 2013, unrecognized share-based compensation expense was as follows:

			Average Expected
	Unrecognized		Recognition
	Expense		Period
	(In thousands)
Stock option awards	$	768		2.5 years
Restricted stock awards		33		0.8 years
Total unrecognized share-based compensation expense	$	801		2.4 years

The table below provides stock option information for the three months ended June 30, 2013:

								Aggregate
				Weighted-		Weighted		Intrinsic
				Average		Average		Value of
				Exercise		Remaining		In-the-
	Number of			Price Per		Contractual		Money
	Shares			Share		Life		Options
	(In thousands, except share and per share data)
Options outstanding at beginning of period		335,320		$	37.78		7.7 years	$	359	(1)
Options exercised		(562	)	$	12.54		9.5 years
Options forfeited		(1,125	)	$	12.54		9.5 years
Options expired		(3,663	)	$	81.22		4.3 years
Options outstanding at end of period		329,970		$	37.43		7.5 years	$	1,015	(2)
Options exercisable at end of period		171,407		$	60.50		5.8 years	$	572	(2)

(1) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $16.00 as of March 31, 2013, over the exercise price, multiplied by the number of options.

(2) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $17.67 as of June 30, 2013, over the exercise price, multiplied by the number of options.

The table below provides stock option information for the six months ended June 30, 2013:

								Aggregate
				Weighted-		Weighted		Intrinsic
				Average		Average		Value of
				Exercise		Remaining		In-the-
	Number of			Price Per		Contractual		Money
	Shares			Share		Life		Options
	(In thousands, except share and per share data)
Options outstanding at beginning of period		342,950		$	37.44		8.0 years	$	359	(1)
Options exercised		(2,241	)	$	12.54		9.5 years
Options forfeited		(6,376	)	$	12.54		9.5 years
Options expired		(4,363	)	$	87.60		3.8 years
Options outstanding at end of period		329,970		$	37.43		7.5 years	$	1,015	(2)
Options exercisable at end of period		171,407		$	60.50		5.8 years	$	572	(2)

(1) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $13.59 as of December 31, 2012, over the exercise price, multiplied by the number of options.

(2) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $17.67 as of June 30, 2013, over the exercise price, multiplied by the number of options.

There were 562 and 2,241 stock options exercised during the three and six months ended June 30, 2013, respectively, compared to none during the same periods in 2012.

Restricted Stock Awards

Restricted stock awards under the 2007 Plan generally become fully vested after three to five years of continued employment from the date of grant. Hanmi Financial becomes entitled to an income tax deduction in an amount equal to the taxable income reported by the holders of the restricted stock awards when the restrictions are released and the shares are issued. Restricted stock awards are forfeited if officers and employees terminate prior to the lapsing of restrictions. Forfeitures of restricted stock awards are treated as cancelled shares.

The table below provides information for restricted stock awards for the three and six months ended June 30, 2013:

	Three Months Ended					Six Months Ended
				Weighted-					Weighted-
				Average					Average
				Grant Date					Grant Date
	Number of			Fair Value		Number of			Fair Value
	Shares			Per Share		Shares			Per Share
Restricted stock at beginning of period		8,000		$	10.97		10,500		$	10.83
Restricted stock vested		(4,500	)	$	10.95		(7,000	)	$	10.75
Restricted stock at end of period		3,500		$	10.99		3,500		$	10.99

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Share-Based Compensation - Schedule of Restricted Stock Awards (Detail) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Restricted stock at beginning of period	8,000	10,500
Number of Shares, Restricted stock vested	(4,500)	(7,000)
Number of Shares, Restricted stock at end of period	3,500	3,500
Weighted-Average Grant Date Fair Value Per Share, Restricted stock at beginning of period	$ 10.97	$ 10.83
Weighted-Average Grant Date Fair Value Per Share, Restricted stock vested	$ 10.95	$ 10.75
Weighted-Average Grant Date Fair Value Per Share, Restricted stock at end of period	$ 10.99	$ 10.99

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Fair Value Measurements (Policies)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

The estimated fair value of financial instruments has been determined by using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data in order to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

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Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Accumulated Other Comprehensive Income

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.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Jul. 31, 2013
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	HAFC
Entity Registrant Name	HANMI FINANCIAL CORP
Entity Central Index Key	0001109242
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		31,607,087

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Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

Note 14 — Subsequent Events

Management has evaluated subsequent events through the date of issuance of the financial data included herein. Other than the foregoing, there have been no subsequent events that occurred during such period that would require disclosure in this Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013, or would be required to be recognized in the Consolidated Financial Statements (Unaudited) as of June 30, 2013.

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Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Detail) (Non-recurring Basis [Member], USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized Losses on Non-performing loans held for sale		$ 3,747,000
Unrealized Losses impaired loans	1,343,000	580,000
Unrealized Losses Other real estate owned	7,000	301,000
Significant Observable Inputs with No Active Market with Identical Characteristics [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans held for sale	2,553,000	484,000
Impaired loans	30,444,000	27,844,000
Other real estate owned	900,000	774,000
Significant Unobservable Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 187,000	$ 8,888,000

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Fair Value Measurements - Reconciliation and Income Statement Classification of Gains and Losses for All Assets and Liabilities (Parenthetical) (Detail) (USD $)	6 Months Ended
	Jun. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Exercise price of stock warrants	9.60
Class of warrant or rights date from which warrants or rights expiration date	Oct. 14, 2015
Municipal bonds-tax exempt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Par value of bond	$ 700,000
Amortized value	$ 698,000
Useful remaining life intangible assets	1 year 8 months 12 days