Hanmi Earns $10.1 Million in the First Quarter of 2013 and Pre-Tax Income Doubles; Setting a Solid Platform for Growth

Hanmi Earns $10.1 Million in the First Quarter of 2013 and Pre-Tax Income
Doubles; Setting a Solid Platform for Growth

LOS ANGELES, April 25, 2013 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation
(Nasdaq:HAFC), the holding company for Hanmi Bank (the "Bank"), today reported
a net income of $10.1 million, or $0.32 per diluted share, for the first
quarter of 2013, compared to $7.3 million, or $0.23 per diluted share, for the
first quarter of 2012. In the fourth quarter of 2012, Hanmi earned $14.0
million, or $0.44 per diluted share, which included the effect of the reversal
of a $5.5 million deferred tax asset ("DTA") valuation allowance. Income
before tax nearly doubled to $14.8 million in the first quarter of 2013 from
$7.4 million in the first quarter of 2012. The increase in Hanmi's earnings is
based on solid loan production, increasing core deposits, and improving asset
quality and operating efficiencies. Tangible book value increased 32.3% and
2.6% to $12.28 per share at March 31, 2013 from $9.28 per share at March 31,
2012 and $11.97 per share at December 31, 2012, respectively.

"We started 2013 with solid performance in the first quarter, mainly
attributable to increased loan production and continuing improvement in asset
quality, and are confident that Hanmi will deliver another year of improved
operating performance in 2013," said Jay S. Yoo, President and Chief Executive
Officer. "As one of our organic growth initiatives to penetrate new markets,
we recently hired an experienced SBA lender with a proven track record to lead
our expansion efforts in the Texas SBA market. We anticipate that our new
Texas loan production office will open in the second quarter of 2013, and will
start to contribute to revenues in the second half of the year."

"To reduce excess liquidity and improve profitability, the redemption of $30
million of trust preferred securities ("TPS") was completed on March 15,
2013," said Yoo. "We redeemed an additional $30 million of TPS on April 15,
2013 and expect to reduce the remaining $20 million by the end of April. The
full redemption of these securities will improve our net interest margin by
saving more than $2.5 million in annual interest expense."

First Quarter Results                                           
(In Thousands, Except Per Share Data)                           
                                                               
                                       As ofor for the Three Months Ended
                                       March 31,    December 31, March 31,
                                       2013         2012         2012
                                                               
Net Income                              $10,110    $13,979    $7,341
Net Income Per Diluted Common Share     $0.32      $0.44      $0.23
                                                               
Total Assets                            $2,792,423 $2,882,520 $2,771,471
Net Loans                               $2,061,156 $1,986,051 $1,896,827
Total Deposits                          $2,333,012 $2,395,963 $2,363,726
                                                               
Return on Average Assets                1.45%        1.94%        1.08%
Return on Average Stockholders' Equity  10.71%       15.02%       10.21%
Net Interest Margin                     3.86%        3.86%        3.69%
Efficiency Ratio                        56.44%       57.66%       66.56%
                                                               
Tangible Common Equity to Tangible      13.89%       13.09%       10.55%
Assets Ratio
Tangible Common Equity Per Common Share $12.28     $11.97     $9.28
                                                               
Classified Assets                       $96,047    $101,172   $230,706
Classified Assets to Bank Tier 1        21.15%       21.57%       54.00%
Capital and ALLL

Financial Highlights (at or for the period ended March 31, 2013)

  oNet income for the first quarter of 2013 increased by 37.7% to $10.1
    million, or $0.32 per diluted share, compared to $7.3 million, or $0.23
    per diluted share, in the first quarter of 2012.
  oNet interest margin ("NIM") was 3.86% in the first quarter of 2013,
    compared to 3.69% in the first quarter of 2012. Yields on earning assets
    fell 13 basis points, while cost of deposits continued to improve by 30
    basis points.
  oNew loan production in the first quarter of 2013 totaled $178.6 million.
  oAsset quality improved during the first quarter of 2013, with lower levels
    of non-performing assets, which were 1.21% of total assets, and with
    continuing improvements in net charge-offs, which totaled $2.3 million, or
    0.45% of average gross loans.
  oOperating efficiency improved to 56.44% during the first quarter of 2013,
    down from 57.66% during the fourth quarter of 2012, and 66.56% during the
    first quarter of 2012, reflecting higher revenues and lower overall
    operating costs.
  oThe redemption of $30 million TPS was completed on March 15, 2013. 
  oTangible common equity ratio was 13.89%, and tangible book value was
    $12.28 per share at March 31, 2013, up 32.3% from $9.28 per share at March
    31, 2012.

Results of Operations

Net interest income before the provision for credit losses totaled $25.6
million for the first quarter of 2013, down 3.1% from $26.4 million for the
fourth quarter of 2012, and up 4.4% from $24.5 million for the first quarter
of 2012. Interest and dividend income decreased 2.5% from the fourth quarter
of 2012 and 3.0% from the first quarter of 2012, while interest expense
increased 2.2% from the fourth quarter of 2012 and decreased 34.2% from the
first quarter of 2012. 

NIM was 3.86% for the first quarter of 2013, even with the fourth quarter of
2012, and up 17 basis points from the first quarter of 2012. "Continued loan
production along with reduced excess liquidity is contributing to a stable
NIM," said Mark Yoon, Senior Vice President and Chief Financial Officer. The
following table details the asset yields, liability costs, spread and margin.

                                Three Months Ended
                                March 31, December 31, March 31,
                                2013      2012         2012
                                                     
Total Interest-Earning Assets    4.43%     4.40%        4.56%
Total Interest-Bearing Liability 0.89%     0.83%        1.30%
Net Interest Spread              3.54%     3.57%        3.26%
Net Interest Margin              3.86%     3.86%        3.69%

Asset quality ratios continued to show improvement in the first quarter with
the continuing downward trend in non-performing assets to total assets of
1.21% as of March 31, 2013 compared to 1.32% as of December 31,
2012.Allowance for loan losses ("ALLL") to non-performing loans ("NPLs") rose
to 186.03% as of March 31, 2013 compared to 169.81% as of December 31,
2012.There was no provision for credit losses for the three months ended
March 31, 2013 and December 31, 2012 compared to a $2.0 million provision for
the three months ended March 31, 2012.

Non-interest income in the first quarter of 2013 increased to $8.4 million, up
from $7.5 million in the fourth quarter of 2012 and $3.6 million in the first
quarter of 2012, due mainly to higher gain on sales of SBA loans and lower net
losses recognized from selling NPLs. 

Non-interest expense in the first quarter of 2013 was $19.2 million, down from
$19.5 million in the fourth quarter of 2012, reflecting lower deposit
insurance premiums and regulatory assessments, partially offset by higher
professional fees.For the first quarter of 2013, deposit insurance premiums
and regulatory assessments were down more than $1.0 million from the fourth
quarter of 2012 and $1.2 million from the first quarter of 2012, due mainly to
a lower premium assessment resulting from our improved overall financial
conditions.Professional fees increased in the first quarter of 2013, due
mainly to costs associated with the strategic option considered in the
beginning of the year as well as legal fees incurred in defending lawsuits in
the ordinary course of business.

Balance Sheet

Assets totaled $2.79 billion at March 31, 2013, down 3.1% from $2.88 billion
at December 31, 2012, and up 0.8% from $2.77 billion at March 31, 2012."We
remain focused on right-sizing our balance sheet through redeployment of
excess liquidity, which will temporarily reduce the size of total assets, but
will result in better profitability," said Yoon.

In the first quarter of 2013, Hanmi produced 164 new loans totaling $178.6
million, of which $36.1 million were Small Business Administration ("SBA")
loans, $138.0 million were commercial real estate loans, $4.3 million were
commercial term loans and lines of credit, and $201,000 were consumer loans.
Overall loan production was down 14.4% from the fourth quarter of 2012 and up
11.7% from the first quarter of 2012.The decreased loan production was
primarily attributable to a seasonal falloff. "Our goal is to grow loan
portfolio 8% this year, while diversifying it. Despite intense competition, we
expect that loan production will ramp up in the coming quarters," said Yoon.

Loans receivable, excluding loans held for sale, increased to $2.06 billion at
March 31, 2013, up 3.8% from $1.99 billion at December 31, 2012, and 8.7% from
$1.90 billion at March 31, 2012. Loans held for sale totaled $6.0 million at
March 31, 2013, down from $8.3 million at December 31, 2012, and from $56.0
million at March 31, 2012.Average gross loans, net of deferred loan fees,
increased to $2.07 billion for the first quarter of 2013, up from $2.03
billion for the fourth quarter of 2012, and $1.99 billion for the first
quarter of 2012.

Average deposits for the first quarter of 2013 were $2.35 billion, down from
$2.39 billion for the fourth quarter of 2012, and up from $2.34 billion for
the first quarter of 2012.The overall mix of funding continued to improve
with time deposits declining and low- and no-cost transaction account balances
increasing."Our deposits were down for the quarter due mainly to a decrease
of $59.0 million in Jumbo CDs, which includes $28.5 million of CDs raised from
Internet listing services, but our core deposits continued to grow as a
percent of deposits," Yoon noted.The deposit mix for the past year is
detailed in the table below. 

                                      March 31, December 31, March 31,
                                      2013       2012         2012
                                                            
Demand - Noninterest-Bearing           30.5%      30.1%        29.8%
Savings                                4.9%       4.8%         4.6%
Money Market Checking and NOW Accounts 24.8%      24.0%        21.9%
Time Deposits of $100,000 or More      23.9%      25.7%        29.1%
Other Time Deposits                    15.9%      15.4%        14.6%
Total Deposits                         100.0%     100.0%       100.0%

At March 31, 2013, total stockholders' equity was $389.1 million. Tangible
common stockholders' equity was $387.8 million at March 31, 2013, or 13.89% of
tangible assets, compared to $377.0 million, or 13.09% of tangible assets, at
December 31, 2012, and $292.3 million, or 10.55% of tangible assets, at March
31, 2012.Tangible book value per share was $12.28 at March 31, 2013, up 2.6%
from $11.97 at December 31, 2012, and 32.3% from $9.28 at March 31, 2012.

Asset Quality

NPLs, excluding loans held for sale, decreased to $32.9 million at March 31,
2013, down 11.8% from $37.3 million at December 31, 2012, and down 34.5% from
$50.2 million at March 31, 2012.Troubled debt restructurings ("TDRs"),
totaled $31.7 million at March 31, 2013, down from $35.7 million at December
31, 2012, and $41.5 million at March 31, 2012.Of these TDRs, $17.0 million
are NPLs.Two loans of NPLs in the aggregate amount of $2.3 million were
recorded at the lower of cost or fair value and classified as loans held for
sale at March 31, 2013. The following table shows NPLs in each category:

                          March 31, 2013   December 31, 2012 March 31, 2012
                                   % to             % to            % to
                                     Total             Total            Total
                          Amount  NPL    Amount   NPL    Amount  NPL
                                         (In Thousands)           
Real Estate Loans:                                                 
Commercial Property                                                
Retail                     $950    2.9%   $1,079   2.9%   $1,327  2.6%
Land                       1,687    5.1%   2,097     5.6%   2,187    4.4%
Other                      --      0.0%   --       0.0%   1,454    2.9%
Construction               --      0.0%   --       0.0%   8,157    16.2%
Residential Property       1,638    5.0%   1,270     3.4%   1,524    3.0%
Commercial & Industrial                                            
Loans:
Commercial Term Loans                                              
Unsecured                  7,253    22.1%  8,311     22.3%  6,942    13.8%
Secured by Real Estate     6,353    19.3%  8,679     23.3%  9,837    19.6%
Commercial Lines of Credit 1,505    4.6%   1,521     4.1%   1,610    3.2%
SBA                        11,852   36.0%  12,563    33.7%  16,648   33.2%
Consumer Loans             1,655    5.0%   1,759     4.7%   528      1.1%
Total Non-Performing Loans $32,893 100.0% $37,279  100.0% $50,214 100.0%

"As anticipated, continuing improvement in asset quality has resulted in a
reduction of problem loan sales in the first quarter of 2013.The first
quarter NPL sales totaled $1.6 million," said J.H. Son, Executive Vice
President and Chief Credit Officer. "More importantly, the losses associated
with our loan sales strategy are significantly lower than they have been in
previous years, which indicate that our strategy to sell loans, before they
are moved into foreclosure, has been effective."Classified loans were $95.1
million, or 4.5% of gross loans, at March 31, 2013, down from $100.4 million,
or 4.9% of gross loans, at December 31, 2012, and $229.5 million, or 11.6% of
gross loans, at March 31, 2012.

Delinquent loans that are less than 90 days past due and still accruing
interest increased to $6.4 million at March 31, 2013, or 0.30% of gross loans,
up from $2.4 million, or 0.12% of gross loans, at December 31, 2012."The
incidental uptick in delinquent loans is a temporary setback due to
administrative delays and is expected to decrease again in the second quarter
of 2013 with diligent monitoring and collection efforts," said Son.At March
31, 2013, ALLL was $61.2 million, or 2.88% of gross loans and 186.0% of NPLs,
compared to 4.10% of gross loans and 161.4% of NPLs at March 31, 2012. For the
first quarter of 2013, net charge-offs were $2.3 million, down from $3.2
million for the fourth quarter of 2012, and $11.3 million for the first
quarter of 2012.

Conference Call Information 

Management will host a conference call today, April 25, 2013, at 1:30 p.m.
Pacific Time (4:30 p.m. ET) to discuss these results. This call will also be
broadcast live via the internet. Investment professionals and all current and
prospective stockholders are invited to access the live call by dialing
1-480-629-9643 at 1:30 p.m. Pacific Time, using access code HANMI. To listen
to the call online, either live or archived, visit the Investor Relations page
of Hanmi's website at www.hanmi.com.

About Hanmi Financial Corporation

Headquartered in Los Angeles, Hanmi Bank, a wholly-owned subsidiary of Hanmi
Financial Corporation, provides services to the multi-ethnic communities of
California, with 27 full-service offices in Los Angeles, Orange, San
Bernardino, San Francisco, Santa Clara and San Diego counties, and a loan
production office in Washington State. Hanmi Bank specializes in commercial,
SBA and trade finance lending, and is a recognized community leader. Hanmi
Bank's mission is to provide a full range of quality products and premier
services to its customers and to maximize stockholder value.

Forward-Looking Statements

This press release contains forward-looking statements, which are included in
accordance with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. 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. All statements 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 and
availability, plans and objectives of management for future operations,
developments regarding our capital plans, strategic alternatives for a
possible business combination, merger or sale transaction and other similar
forecasts and statements of expectation and statements of assumption
underlying any of the foregoing. 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 and liquidity to
support our operations; the effect of regulatory orders we have entered into
and potential future supervisory action against us or Hanmi Bank; general
economic and business conditions internationally, nationally and in those
areas in which we operate; volatility and deterioration in the credit and
equity markets; changes in consumer spending, borrowing and savings habits;
availability of capital from private and government sources; demographic
changes; competition for loans and deposits and failure to attract or retain
loans and deposits; fluctuations in interest rates and a decline in the level
of our interest rate spread; risks of natural disasters related to our real
estate portfolio; risks associated with Small Business Administration loans;
failure to attract or retain key employees; changes in governmental
regulation, including, but not limited to, any increase in FDIC insurance
premiums; ability to receive regulatory approval for Hanmi Bank to declare
dividends to Hanmi Financial; ability to identify a suitable strategic partner
or to consummate a strategic transaction; adequacy of our allowance for loan
losses; credit quality and the effect of credit quality on our provision for
credit losses and allowance for loan losses; changes in the financial
performance and/or condition of our borrowers and the ability of our borrowers
to perform under the terms of their loans and other terms of credit
agreements; our ability to control expenses; and changes in securities
markets. In addition, we set forth certain risks in our reports filed with the
U.S. Securities and Exchange Commission ("SEC"), including, in Item 1A of our
Form 10-K for the year ended December 31, 2012, our quarterly reports on Form
10-Q, and current and periodic reports that we will file with the SEC
hereafter, which could cause actual results to differ from those projected. We
undertake no obligation to update such forward-looking statements except as
required by law.

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES                                   
CONSOLIDATED BALANCE SHEETS (UNAUDITED)                                        
(In Thousands)                                                    
                                                                 
                   March 31,    December 31, Percentage March 31,    Percentage
                   2013         2012         Change     2012         Change
ASSETS                                                            
Cash and Due From   $69,642    $92,350    -24.6%     $68,093    2.3%
Banks
Interest-Bearing
Deposits in Other   75,657      175,697     -56.9%     92,149      -17.9%
Banks
Cash and Cash       145,299     268,047     -45.8%     160,242     -9.3%
Equivalents
Restricted Cash     --          5,350       -100.0%    1,818       -100.0%
Term Federal Funds  --          --         0.0%       120,000     -100.0%
Sold
Securities
Available for Sale, 419,903     451,060     -6.9%      355,837     18.0%
at Fair Value
Securities Held to
Maturity, at        --          --         0.0%       59,472      -100.0%
Amortized Cost
Loans Held for
Sale, at the Lower  6,043       8,306       -27.2%     55,993      -89.2%
of Cost or Fair
Value
Loans Receivable,
Net of Allowance    2,061,156   1,986,051   3.8%       1,896,827   8.7%
for Loan Losses
Accrued Interest    7,526       7,581       -0.7%      7,969       -5.6%
Receivable
Premises and        14,792      15,150      -2.4%      16,272      -9.1%
Equipment, Net
Other Real Estate   900         774         16.3%      1,260       -28.6%
Owned, Net
Customers'
Liability on        2,170       1,336       62.4%      1,539       41.0%
Acceptances
Servicing Assets    6,004       5,542       8.3%       3,515       70.8%
Other Intangible    1,294       1,335       -3.1%      1,462       -11.5%
Assets, Net
Investment in
Federal Home Loan   16,014      17,800      -10.0%     21,761      -26.4%
Bank Stock, at Cost
Investment in
Federal Reserve     12,222      12,222      0.0%       8,558       42.8%
Bank Stock, at Cost
Income Tax Asset    57,084      60,028      -4.9%      11,501      396.3%
Bank-Owned Life     29,284      29,054      0.8%       28,344      3.3%
Insurance
Prepaid Expenses    2,676       2,084       28.4%      3,204       -16.5%
Other Assets        10,056      10,800      -6.9%      15,897      -36.7%
TOTAL ASSETS        $2,792,423 $2,882,520 -3.1%      $2,771,471 0.8%
                                                                 
LIABILITIES AND
STOCKHOLDERS'                                                     
EQUITY
LIABILITIES:                                                      
Deposits:                                                         
Noninterest-Bearing $709,650   $720,931   -1.6%      $704,061   0.8%
Interest-Bearing    1,623,362   1,675,032   -3.1%      1,659,665   -2.2%
Total Deposits      2,333,012   2,395,963   -2.6%      2,363,726   -1.3%
Accrued Interest    3,192       11,775      -72.9%     15,602      -79.5%
Payable
Bank's Liability on 2,170       1,336       62.4%      1,539       41.0%
Acceptances
Federal Home Loan   2,840       2,935       -3.2%      3,213       -11.6%
Bank Advances
Junior Subordinated 51,478      82,406      -37.5%     82,406      -37.5%
Debentures
Accrued Expenses
and Other           10,626      9,741       9.1%       11,267      -5.7%
Liabilities
TOTAL LIABILITIES   2,403,318   2,504,156   -4.0%      2,477,753   -3.0%
                                                                 
STOCKHOLDERS'                                                     
EQUITY:
Common Stock        257         257         0.0%       257         0.0%
Additional Paid-In  551,064     550,123     0.2%       549,811     0.2%
Capital
Unearned            (44)        (57)        -22.8%     (141)       -68.8%
Compensation
Accumulated Other
Comprehensive       5,095       5,418       -6.0%      4,201       21.3%
Income
Accumulated Deficit (97,409)    (107,519)   -9.4%      (190,552)   -48.9%
Less Treasury Stock (69,858)    (69,858)    0.0%       (69,858)    0.0%
TOTAL STOCKHOLDERS' 389,105     378,364     2.8%       293,718     32.5%
EQUITY
TOTAL LIABILITIES
AND STOCKHOLDERS'   $2,792,423 $2,882,520 -3.1%      $2,771,471 0.8%
EQUITY
                                                                 

HANMI FINANCIAL CORPORATION AND                                          
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS                                    
(UNAUDITED)
(In Thousands,
Except Per Share                                            
Data)
                                                           
                Three Months Ended
                March 31,   December    Percentage March 31,   Percentage
                             31,
                2013        2012        Change     2012        Change
INTEREST AND                                                
DIVIDEND INCOME:
Interest and     $26,799   $27,418   -2.3%      $27,542   -2.7%
Fees on Loans
Taxable Interest
on Investment    2,116      2,138      -1.0%      2,098      0.9%
Securities
Tax-Exempt
Interest on      95         95         0.0%       102        -6.9%
Investment
Securities
Interest on Term
Federal Funds    --         22         -100.0%    325        -100.0%
Sold
Interest on
Federal Funds    6          7          -14.3%     2          200.0%
Sold
Interest on
Interest-Bearing 88         153        -42.5%     68         29.4%
Deposits in
Other Banks
Dividends on
Federal Reserve  183        179        2.2%       128        43.0%
Bank Stock
Dividends on
Federal Home     108        127        -15.0%     29         272.4%
Loan Bank Stock
Total Interest
and Dividend     29,395     30,139     -2.5%      30,294     -3.0%
Income
INTEREST                                                    
EXPENSE:
Interest on      3,159      3,366      -6.1%      4,919      -35.8%
Deposits
Interest on
Federal Home     38         39         -2.6%      43         -11.6%
Loan Bank
Advances
Interest on
Junior           594        303        96.0%      799        -25.7%
Subordinated
Debentures
Total Interest   3,791      3,708      2.2%       5,761      -34.2%
Expense
NET INTEREST
INCOME BEFORE    25,604     26,431     -3.1%      24,533     4.4%
PROVISION FOR
CREDIT LOSSES
Provision for    --         --        0.0%       2,000      -100.0%
Credit Losses
NET INTEREST
INCOME AFTER     25,604     26,431     -3.1%      22,533     13.6%
PROVISION FOR
CREDIT LOSSES
NON-INTEREST                                                
INCOME:
Service Charges
on Deposit       3,048      3,191      -4.5%      3,168      -3.8%
Accounts
Insurance        1,213      1,235      -1.8%      1,236      -1.9%
Commissions
Trade Finance &
Other Other      1,172      1,235      -5.1%      1,110      5.6%
Service Charges
and Fees
Bank-Owned Life  230        238        -3.4%      399        -42.4%
Insurance Income
Gain on Sales of
SBA Loans        2,692      2,678      0.5%       --        0.0%
Guaranteed
Portion
Net Loss on
Sales of Other   (97)       (1,247)    -92.2%     (2,393)    -95.9%
Loans
Net Gain on
Sales of         9          4          125.0%     1          800.0%
Investment
Securities
Other Operating  90         136        -33.8%     112        -19.6%
Income
Total
Non-Interest     8,357      7,470      11.9%      3,633      130.0%
Income
NON-INTEREST                                                
EXPENSE:
Salaries and
Employee         9,351      9,224      1.4%       9,110      2.6%
Benefits
Occupancy and    2,556      2,585      -1.1%      2,595      -1.5%
Equipment
Deposit
Insurance
Premiums and     234        1,249      -81.3%     1,401      -83.3%
Regulatory
Assessments
Data Processing  1,170      1,179      -0.8%      1,253      -6.6%
Other Real
Estate Owned     32         (33)       -197.0%    (44)       172.7%
Expense
Professional     2,156      1,744      23.6%      749        187.9%
Fees
Directors and
Officers         220        298        -26.2%     297        -25.9%
Liability
Insurance
Supplies and     495        567        -12.7%     558        -11.3%
Communications
Advertising and  672        1,243      -45.9%     601        11.8%
Promotion
Loan-Related     146        75         94.7%      200        -27.0%
Expense
Amortization of
Other Intangible 41         41         0.0%       71         -42.3%
Assets
Other Operating  2,094      1,376      52.2%      1,955      7.1%
Expenses
Total
Non-Interest     19,167     19,548     -1.9%      18,746     2.2%
Expense
INCOME BEFORE
PROVISION FOR    14,794     14,353     3.1%       7,420      99.4%
INCOME TAXES
Provision for    4,684      374        1152.4%    79         5829.1%
Income Taxes
NET INCOME      $10,110   $13,979   -27.7%     $7,341    37.7%
                                                           
EARNINGS PER                                                
SHARE:
Basic            $0.32     $0.44               $0.23     
Diluted          $0.32     $0.44               $0.23     
WEIGHTED-AVERAGE
SHARES                                                      
OUTSTANDING:
Basic            31,538,980 31,479,921           31,470,520 
Diluted          31,626,667 31,549,580           31,489,569 
COMMON SHARES    31,588,767 31,496,540           31,489,201 
OUTSTANDING
                                                           

HANMI FINANCIAL CORPORATION AND                               
SUBSIDIARIES
SELECTED FINANCIAL DATA                                       
(UNAUDITED)
(In Thousands)                                                
                                                             
                                  As of or for the Three Months Ended
                                  March 31,      December 31,  March 31,
                                  2013           2012          2012
AVERAGE BALANCES:                                             
Average Gross Loans, Net of        $2,073,514   $2,026,122  $1,985,071
Deferred Loan Fees ^(1)
Average Investment Securities      443,073       421,520      426,384
Average Interest-Earning Assets    2,693,424     2,731,473    2,676,643
Average Total Assets               2,829,927     2,872,897    2,742,006
Average Deposits                   2,348,799     2,388,725    2,337,302
Average Borrowings                 79,110        85,390       85,665
Average Interest-Bearing           1,727,272     1,767,640    1,777,208
Liabilities
Average Stockholders' Equity       383,003       370,307      289,132
Average Tangible Equity            381,682       368,945      287,631
                                                             
PERFORMANCE RATIOS:                                           
Return on Average Assets ^ (2)     1.45%          1.94%         1.08%
Return on Average Stockholders'    10.71%         15.02%        10.21%
Equity ^(2)
Return on Average Tangible Equity  10.74%         15.07%        10.38%
^(2)
Efficiency Ratio                   56.44%         57.66%        66.56%
Net Interest Spread ^(2),(3)       3.54%          3.57%         3.26%
Net Interest Margin ^ (2),(3)      3.86%          3.86%         3.69%
                                                             
ALLOWANCE FOR LOAN LOSSES:                                    
Balance at Beginning of Period     $63,305      $66,107     $89,936
Provision Charged to Operating     196           407          2,400
Expense
Charge-Offs, Net of Recoveries     (2,310)       (3,209)      (11,284)
Balance at End of Period           $61,191      $63,305     $81,052
                                                             
ASSET QUALITY RATIOS:                                         
Net Loan Charge-Offs to Average    0.45%          0.63%         2.27%
Gross Loans ^(2)
Allowance for Loan Losses to Gross 2.88%          3.09%         4.10%
Loans
Allowance for Loan Losses to       186.03%        169.81%       161.41%
Non-Performing Loans
Non-Performing Assets to Total     1.21%          1.32%         1.86%
Assets
Non-Performing Loans to Gross      1.55%          1.82%         2.54%
Loans
Non-Performing Assets to Allowance 55.23%         60.11%        63.51%
for Loan Losses
                                                             
ALLOWANCE FOR OFF-BALANCE SHEET                               
ITEMS:
Balance at Beginning of Period     $1,824       $2,231      $2,981
Provision Charged to Operating     (196)         (407)        (400)
Expense
Balance at End of Period           $1,628       $1,824      $2,581
                                                             
NON-PERFORMING ASSETS:                                        
Non-Accrual Loans                  $32,893      $37,279     $50,214
Loans 90 Days or More Past Due and --           --          --
Still Accruing
Non-Performing Loans               32,893        37,279       50,214
Other Real Estate Owned, Net       900           774          1,260
Non-Performing Assets              33,793        38,053       51,474
Non-Performing Loans in Loans Held 2,306         484          15,472
for Sale
Non-Performing Assets (including   $36,099      $38,537     $66,946
Loans Held for Sale)
                                                             
DELINQUENT LOANS (30 to 89 Days    $6,440       $2,371      $10,497
Past Due and Still Accruing)
                                                             
Delinquent Loans to Gross Loans    0.30%          0.12%         0.53%
                                                             
(1) Loans Held for Sale are                                   
included in average gross loans.
(2) Annualized                                                
(3) Amounts calculated on a fully taxable equivalent basis                  
using the current statutory federal tax rate.
                                                             

HANMI FINANCIAL CORPORATION AND                                 
SUBSIDIARIES
SELECTED FINANCIAL DATA, CONTINUED                              
(UNAUDITED)
(In Thousands)                                                  
                                                               
                                       Three Months Ended
                                       March 31,    December 31, March 31,
                                       2013         2012         2012
LOAN PORTFOLIO:                                                 
Real Estate Loans                       $831,019   $787,094   $717,491
Residential Loans                       94,735      101,778     116,566
Commercial and Industrial Loans         1,160,752   1,123,012   1,102,769
Consumer Loans                          35,180      36,676      40,152
Gross Loans                             2,121,686   2,048,560   1,976,978
Deferred Loan Fees                      661         796         901
Gross Loans, Net of Deferred Loan Fees  2,122,347   2,049,356   1,977,879
Allowance for Loan Losses               (61,191)    (63,305)    (81,052)
Loans Receivable, Net                   2,061,156   1,986,051   1,896,827
Loans Held for Sale, at the Lower of    6,043       8,306       55,993
Cost or Fair Value
Total Loans Receivable, Net             $2,067,199 $1,994,357 $1,952,820
                                                               
LOAN MIX:                                                       
Real Estate Loans                       39.1%        38.4%        36.3%
Residential Loans                       4.5%         5.0%         5.9%
Commercial and Industrial Loans         54.7%        54.8%        55.8%
Consumer Loans                          1.7%         1.8%         2.0%
Total Loans                             100.0%       100.0%       100.0%
                                                               
DEPOSIT PORTFOLIO:                                              
Demand - Noninterest-Bearing            $709,650   $720,931   $704,061
Savings                                 115,186     114,302     108,698
Money Market Checking and NOW Accounts  579,192     575,744     516,628
Time Deposits of $100,000 or More       557,180     616,187     687,573
Other Time Deposits                     371,804     368,799     346,766
Total Deposits                          $2,333,012 $2,395,963 $2,363,726
                                                               
DEPOSIT MIX:                                                    
Demand - Noninterest-Bearing            30.5%        30.1%        29.8%
Savings                                 4.9%         4.8%         4.6%
Money Market Checking and NOW Accounts  24.8%        24.0%        21.9%
Time Deposits of $100,000 or More       23.9%        25.7%        29.1%
Other Time Deposits                     15.9%        15.4%        14.6%
Total Deposits                          100.0%       100.0%       100.0%
                                                               
CAPITAL RATIOS:                                                 
Hanmi Financial                                                 
Total Risk-Based Capital Ratio          19.45%       20.65%       18.74%
Tier 1 Risk-Based Capital Ratio         18.17%       19.37%       17.46%
Tier 1 Leverage Capital Ratio           14.68%       14.95%       13.44%
Tangible Equity to Tangible Assets      13.89%       13.09%       10.55%
Ratio
Hanmi Bank                                                      
Total Risk-Based Capital Ratio          18.69%       19.85%       17.74%
Tier 1 Risk-Based Capital Ratio         17.42%       18.58%       16.45%
Tier 1 Leverage Capital Ratio           14.07%       14.33%       12.67%
Tangible Equity to Tangible Assets      15.10%       15.29%       12.71%
Ratio
                                                               

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES                                                              
AVERAGE BALANCE, AVERAGE YIELD EARNED AND AVERAGE RATE PAID (UNAUDITED)                                  
(In Thousands)                                                                          
                                                                                       
                   Three Months Ended
                   March 31, 2013              December 31, 2012           March 31, 2012
                             Interest Average           Interest Average           Interest Average
                   Average    Income / Yield / Average    Income / Yield / Average    Income / Yield /
                   Balance    Expense  Rate    Balance    Expense  Rate    Balance    Expense  Rate
ASSETS                                                                                  
Interest-Earning                                                                        
Assets:
Gross Loans, Net of $         $       5.24%   $         $       5.38%   $         $       5.58%
Deferred Loan Fees  2,073,514  26,799           2,026,122  27,418           1,985,071  27,542
Municipal
Securities -        46,111    454     3.94%   46,203    456     3.95%   44,888    446     3.97%
Taxable
Municipal
Securities - Tax    12,803    146     4.57%   12,731    146     4.59%   13,283    157     4.73%
Exempt
Obligations of
Other U.S.          88,982    422     1.90%   82,995    387     1.87%   73,446    325     1.77%
Government Agencies
Other Debt          295,177   1,240   1.68%   279,591   1,295   1.85%   294,767   1,327   1.80%
Securities
Equity Securities   30,336    291     3.84%   30,971    306     3.95%   31,255    157     2.01%
Federal Funds Sold  5,963     6       0.41%   7,127     7       0.39%   1,852     2       0.43%
Term Federal Funds  --        --      0.00%   6,685     22      1.31%   126,484   325     1.03%
Sold
Interest-Bearing
Deposits in Other   140,538   88      0.25%   239,048   153     0.25%   105,597   68      0.26%
Banks
Total
Interest-Earning    2,693,424 29,446  4.43%   2,731,473 30,190  4.40%   2,676,643 30,349  4.56%
Assets
                                                                                       
Noninterest-Earning                                                                     
Assets:
Cash and Cash       66,166                   73,567                   69,152            
Equivalents
Allowance for Loan  (62,639)                 (65,228)                 (88,024)          
Losses
Other Assets        132,976                  133,085                  84,235            
Total
Noninterest-Earning 136,503                  141,424                  65,363            
Assets
                                                                                       
TOTAL ASSETS        $                        $                        $                 
                    2,829,927                   2,872,897                   2,742,006
                                                                                       
LIABILITIES AND
STOCKHOLDERS'                                                                           
EQUITY
Interest-Bearing                                                                        
Liabilities:
Deposits:                                                                               
Savings             $114,182 $458   1.63%   $112,566 $477   1.69%   $105,676 $583   2.22%
Money Market
Checking and NOW    567,977   720     0.51%   583,259   772     0.53%   465,664   676     0.58%
Accounts
Time Deposits of    595,205   1,175   0.80%   623,780   1,312   0.84%   782,562   2,748   1.41%
$100,000 or More
Other Time Deposits 370,798   806     0.88%   362,645   805     0.88%   337,641   912     1.09%
FHLB Advances       2,890     38      5.33%   2,984     39      5.20%   3,259     43      5.31%
Junior Subordinated 76,220    594     3.16%   82,406    303     1.46%   82,406    799     3.90%
Debentures
Total
Interest-Bearing    1,727,272 3,791   0.89%   1,767,640 3,708   0.83%   1,777,208 5,761   1.30%
Liabilities
                                                                                       
Noninterest-Bearing                                                                     
Liabilities:
Demand Deposits     700,637                  706,475                  645,759           
Other Liabilities   19,015                   28,475                   29,907            
Total
Noninterest-Bearing 719,652                  734,950                  675,666           
Liabilities
                                                                                       
Total Liabilities   2,446,924                2,502,590                2,452,874         
Stockholders'       383,003                  370,307                  289,132           
Equity
                                                                                       
TOTAL LIABILITIES   $                          $                          $
AND STOCKHOLDERS'   2,829,927                 2,872,897                 2,742,006          
EQUITY
                                                                                       
NET INTEREST INCOME           $                        $                        $       
                               25,655                      26,482                      24,588
                                                                                       
COST OF DEPOSITS                      0.55%                     0.56%                     0.85%
NET INTEREST SPREAD                   3.54%                     3.57%                     3.26%
NET INTEREST MARGIN                   3.86%                     3.86%                     3.69%
                                                                                       

Non-GAAP Financial Measures

Tangible Common Equity to Tangible Assets Ratio

Tangible common equity to tangible assets ratio is supplemental financial
information determined by a method other than in accordance with U.S.
generally accepted accounting principles ("GAAP"). This non-GAAP measure is
used by management in the analysis of Hanmi Financial and 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 Hanmi 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 for the periods indicated:

TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS RATIO                  
(UNAUDITED)
(In Thousands, Except Per Share Data)                           
                                                               
                                       March 31,    December 31, March 31,
HANMI FINANCIAL CORPORATION             2013         2012         2012
Total Assets                            $2,792,423 $2,882,520 $2,771,471
Less Other Intangible Assets            (1,294)     (1,335)     (1,462)
Tangible Assets                         $2,791,129 $2,881,185 $2,770,009
                                                               
Total Stockholders' Equity              $389,105   $378,364   $293,718
Less Other Intangible Assets            (1,294)     (1,335)     (1,462)
Tangible Stockholders' Equity           $387,811   $377,029   $292,256
                                                               
Total Stockholders' Equity to Total     13.93%       13.13%       10.60%
Assets Ratio
Tangible Common Equity to Tangible      13.89%       13.09%       10.55%
Assets Ratio
                                                               
Common Shares Outstanding               31,588,767  31,496,540  31,489,201
Tangible Common Equity Per Common Share $12.28     $11.97     $9.28
                                                               
HANMI BANK                                                      
Total Assets                            $2,786,691 $2,877,041 $2,766,780
Less Other Intangible Assets            --         --         (3)
Tangible Assets                         $2,786,691 $2,877,041 $2,766,777
                                                               
Total Stockholders' Equity              $420,755   $439,986   $351,677
Less Other Intangible Assets            --         --         (3)
Tangible Stockholders' Equity           $420,755   $439,986   $351,674
                                                               
Total Stockholders' Equity to Total     15.10%       15.29%       12.71%
Assets Ratio
Tangible Common Equity to Tangible      15.10%       15.29%       12.71%
Assets Ratio
                                                               

CONTACT: Hanmi Financial Corporation
         Shick (Mark) Yoon
         SVP & Chief Financial Officer
         Direct Phone: 213-427-5636
        
         David Yang
         VP, Investor Relations & Corporate Strategy
         Direct Phone:  213-637-4798
 
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