Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company

Condensed Financial Information of Parent Company

Balance Sheets

	Year Ended December 31,
	2016		2015
	(In thousands)
Assets
Cash	$	3,885	$	15,660
Investment in consolidated subsidiaries	540,672		491,610
Other assets	5,572		5,525
Total assets	$	550,129	$	512,795
Liabilities and Stockholders’ Equity
Liabilities:
Subordinated debentures	$	18,978	$	18,703
Other liabilities	126		174
Total liabilities	19,104		18,877
Stockholders’ equity	531,025		493,918
Total liabilities and stockholders’ equity	$	550,129	$	512,795

Statements of Income

	Year Ended December 31,
	2016		2015			2014
	(In thousands)
Equity in earnings of subsidiaries	$	51,141	$	56,840		$	39,576
Other income (expenses), net	5,348		(3,017		)	10,185
Net income	$	56,489	$	53,823		$	49,761

Statements of Cash Flows

	Year Ended December 31,
	2016			2015			2014
	(In thousands)
Cash Flows from Operating Activities:
Net income	$	56,489		$	53,823		$	49,761
Adjustments to reconcile net income to net cash used in operating activities:
Income from subsidiaries	(51,141		)	(56,840		)	(39,576		)
Amortization of subordinated debentures	275			159			71
Share-based compensation expense	3,008			2,241			2,165
Bargain purchase gain	—			—			(14,577		)
Change in other assets	(47		)	(1,277		)	(2,320		)
Change in other liabilities	(48		)	(1,403		)	15,715
Net cash provided by (used in) operating activities	8,536			(3,297		)	11,239
Cash Flows from Investing Activities:
Cash paid for repurchases of vested shares due to employee tax liability	(579		)	(349		)	—
Cash acquired in acquisition, net of cash consideration paid	—			—			116,967
Proceeds from Hanmi Bank	—			12,782			76,231
Payments to Hanmi Bank	—			—			(193,179		)
Net cash provided by investing activities	(579		)	12,433			19
Cash Flows from Financing Activities:
Proceeds from exercise of stock options and stock warrants	1,453			616			467
Cash dividend paid	(21,185		)	(12,780		)	(6,694		)
Net cash (used in) provided by financing activities	(19,732		)	(12,164		)	(6,227		)
Net increase (decrease) in cash	(11,775		)	(3,028		)	5,031
Cash at beginning of year	15,660			18,688			13,657
Cash at end of year	$	3,885		$	15,660		$	18,688