Hanmi Financial Corporation (HAFC) financial statements (2020 and earlier)

Company profile

Business Address 3660 WILSHIRE BLVD SUITE PH-A
LOS ANGELES, CA 90010
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments122155154147164  
Cash and cash equivalents122155154147164  
Disposal group, including discontinued operation     5 
Income taxes receivable12
Total current assets:122155154147164512
Noncurrent Assets
Operating lease, right-of-use asset37
Property, plant and equipment26282729303114
Intangible assets, net (including goodwill), including:12121313342
Goodwill11111111   
Intangible assets, net (excluding goodwill)1121313342
Other undisclosed intangible assets, net (including goodwill) (11)(11)(11)  
Deferred income tax assets37
Amortization method qualified affordable housing project investments10    
Total noncurrent assets:121403942333517
Other undisclosed assets5,2965,3075,0174,5134,0374,1923,027
TOTAL ASSETS:5,5385,5025,2104,7014,2354,2323,056
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     0 
Interest and dividends payable     0 
Debt 55150315170150 
Total current liabilities: 55150315170150 
Noncurrent Liabilities
Liabilities, other than long-term debt0      
Qualified affordable housing project investments, commitment0    
Total noncurrent liabilities:0      
Other undisclosed liabilities4,9754,8954,4983,8553,5713,6292,654
Total liabilities:4,9754,9504,6484,1703,7413,7792,654
Stockholders' equity
Stockholders' equity attributable to parent563553562531494453401
Common stock0000000
Treasury stock, value(117)(109)(72)(71)(70)(70)(70)
Additional paid in capital576570566562558555552
Accumulated other comprehensive income (loss)3(6)(2)(2)(0)0(9)
Retained earnings (accumulated deficit)1019871426(32)(72)
Total stockholders' equity:563553562531494453401
TOTAL LIABILITIES AND EQUITY:5,5385,5025,2104,7014,2354,2323,056

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues251238229193190155 
Net investment income246233208176161135 
Cost of revenue(30)   (1)  
Cost of goods and services sold    (1)  
Provision for loan, lease, and other losses(30) 
Gross profit:221238229193189155 
Operating expenses(42)(37)(103)(97)(104)(103)(50)
Other operating income, net
(Noninterest Income, Other Operating Income)
6566541
Operating income (loss):1852061321038956(49)
Nonoperating income     171
Investment income, nonoperating     16 
Bank owned life insurance income     11
Interest and debt expense(71)(53)(33)(18)(16)(14)(14)
Other undisclosed income from continuing operations before equity method investments, income taxes      123
Income from continuing operations before equity method investments, income taxes:11415310084735962
Other undisclosed income (loss) from continuing operations before income taxes(67)(69)(4)51914 
Income from continuing operations before income taxes:47849589927362
Income tax expense(15)(26)(41)(33)(38)(22)(22)
Income from continuing operations:33585556545040
Loss from discontinued operations     (0) 
Net income attributable to parent:33585556545040
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic   (0)(0)  
Net income available to common stockholders, diluted:33585456545040

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:33585556545040
Other comprehensive income (loss)9(4)1(2)(1)10(15)
Comprehensive income, net of tax, attributable to parent:42545554536025

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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