Hanmi financial corporation (HAFC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

32,788

57,868

54,660

56,489

53,823

49,761

39,857

90,324

28,147

-88,009

-122,277

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

9,532

11,111

12,854

14,578

17,846

8,701

6,669

7,478

2,163

2,286

2,610

Amortization of premiums and accretion of discounts on investment securities, net

-

-

-

-

-

-

-

-

-3,222

-1,329

516

Amortization of other intangible assets

-

-

-

-

-

-

-

-

700

1,149

1,568

Amortization of servicing assets

-

-

-

-

-

-

-

-

730

1,033

823

Amortization of investment in affordable housing partnerships

-

-

-

-

-

-

-

-

846

-

-

Share-based compensation expense

3,125

3,515

2,893

3,008

2,241

2,165

705

478

608

1,013

906

Loan and lease loss provision

30,170

3,990

831

-4,339

-11,614

-6,258

576

6,000

12,100

122,496

196,387

Gain on sales of securities

1,295

-341

1,748

46

6,611

2,011

1,039

1,396

1,635

122

1,833

Gain on bank-owned life insurance settlement

-

-

-

-

-

-

-

163

-

-

-

Loss on investment in affordable housing partnership

-

-

-

-

-

-

-

-

-

880

895

Gain on sales of SBA loans

5,251

4,954

8,734

6,034

8,749

3,494

7,443

4,188

1,426

514

1,220

Origination of SBA loans held for sale

76,765

79,146

109,111

91,367

86,657

47,985

83,027

116,829

60,238

20,228

1,711

Other-than-temporary loss on investment securities

-

-

-

-

-

-

-

292

-

790

-

Loss (gain) on disposition of fixed assets

-

-

-

-

137

0

13

-5

-

-

-

Disposition gains on PCI loans

-

-

-

-

10,167

1,432

0

-

-

-

-

Bargain purchase gain on acquisition

-

-

-

-

-

14,577

0

-

-

-

-

Loss on sales of other real estate owned

-

-

-

-

0

-2

71

10

-671

-196

-211

Loss on sales of subsidiaries

-

-

-

-

-

-444

0

-

-

-

-

Valuation adjustment on other real estate owned

-

-

-

-

27

0

-10

301

488

8,683

3,115

Valuation adjustment for loans held for sale

-

-

-

-

-

-

-

-3,746

-2,903

-

-

Proceeds from sales of SBA loans

74,866

82,133

117,780

92,215

98,083

46,829

105,006

126,777

63,950

144,308

35,331

Change in restricted cash

-

-

-

-

-

-

-5,350

3,532

1,818

-

-

Change in accrued interest receivable

-

-

-

1,486

-248

-740

-526

-248

-219

-1,444

-2,855

Change in bank-owned life insurance

1,121

1,107

1,114

1,100

797

879

1,171

947

939

-

-

Change in prepaid expenses and other assets

5,770

-404

-98

2,424

-3,720

8,713

-669

486

167

-347

-

Change in cash surrender value of bank-owned life insurance

-

-

-

-

-

-

-

-

-

-942

932

Change in servicing assets

-

-

-

-

-

-

-

-

1,560

81

-874

Change in current tax assets

-8,314

2,490

4,109

-5,451

-18,055

2,268

2,923

-43

115

-47,366

44,842

Change in other assets

-

-

-

-

-

-

4,854

-422

-2,118

3,361

-3,105

Change in deferred tax assets

13,173

-6,698

-13,501

-3,364

-9,142

13,676

-8,418

52,531

0

3,561

26,016

Change in accrued interest payable

-

-

-

-610

-273

-401

-8,409

-4,257

66

3,360

-5,933

Change in stock warrants payable

-

-

-

-

-

-

83

23

-717

362

-

Change in FDIC loss sharing liability

-

-

-

-

-

-

0

-

-

-

-

Change in accrued expenses and other liabilities

3,376

-1,728

3,855

-8,346

-11,596

18,519

1,799

1,029

-1,301

-177

-1,428

Net cash provided by operating activities

58,796

76,635

81,656

59,353

66,530

25,467

60,718

52,827

49,245

226,445

92,256

Cash flows from investing activities:
Purchases of securities available for sale

320,815

141,351

242,369

19,992

232,035

124,442

250,852

267,949

368,442

448,428

89,357

Proceeds from redemption of FHLB stock

-

-

-

-

1,195

0

5,743

5,054

4,428

-4,510

-2,350

Proceeds from redemption of FRB stock

-

-

-

14,423

0

0

-

-

-

-

-

Proceeds from matured term federal funds

-

-

-

-

-

-

-

270,000

-

-

-

Proceeds from matured, called and repayment of securities

159,942

99,253

79,878

114,012

135,413

101,713

65,574

150,113

249,282

130,125

62,144

Proceeds from sales of securities available for sale

113,306

34,751

97,271

78,282

454,201

169,533

78,473

102,538

155,468

31,832

93,685

Purchases of loans and leases receivable

-

66,966

266,275

410,897

215,469

111,846

0

82,885

-

-

-

Purchases of premises and equipment

1,579

3,696

843

730

1,146

1,150

1,018

675

1,167

1,228

988

Proceeds from disposition of premises and equipment

5,655

-

-

-

-

-

-

-

-

-

-

Proceeds from matured or called securities held to maturity

-

-

-

-

-

-

-

6,704

135

24

-

Proceeds from sales of other real estate owned ("OREO")

716

2,173

5,711

5,474

7,532

20,200

784

749

6,453

25,113

4,917

Proceeds from sales of loans held for sale

-

-

-

-

360

0

5,380

97,915

107,782

-

-

Proceeds from insurance settlement on bank-owned life insurance

-

-

-

-

1,323

0

526

345

-

-

-

Cash acquired in acquisition, net of cash consideration paid

-

-

-

-

-

118,533

0

-

-

-

-

Net proceeds from sales of subsidiaries

-

-

-

-

-

398

0

-

-

-

-

Purchases of term federal fund

-

-

-

-

-

-

0

155,000

115,000

-

-

Change in loans receivable, excluding purchases

1,770

235,731

193,557

276,703

169,816

153,138

207,999

160,403

-120,686

-294,701

-354,328

Purchases of securities held to maturity

-

-

-

-

-

-

-

-

59,179

-

-

Purchases of FRB stock

-

-

-

325

1,825

3,404

977

3,664

1,109

666

-

Net cash provided by (used in) investing activities

-44,545

-311,567

-520,184

-496,456

-20,267

16,397

-304,366

-37,158

99,337

35,983

427,079

Cash flows from financing activities:
Change in deposits

-48,273

398,581

538,917

299,761

-46,770

-54,576

116,362

51,053

-121,811

-282,606

-320,753

Change in overnight borrowings

75,000

95,000

165,000

-145,000

-20,000

-14,865

-125,000

-

-

-

-

Proceeds from borrowings

110,000

-

-

-

-

-

-

-

-

-

-

Issuance of subordinated debentures

-

-

97,828

0

-

-

-

-

-

-

-

Redemption of FHLB advances

-

-

-

-

-

2,411

389

368

347

328

107,218

Redemption of subordinated debentures

-

-

-

-

0

-

82,406

-

-

-

-

Redemption of rescinded stock obligation

-

-

-

-

933

14,552

0

-

-

-

-

Proceeds from issuance of common stock in offering

-

-

-

-

-

-

-

-

77,109

116,271

6,839

Proceeds from exercise of stock options

2,979

570

288

1,453

616

467

525

10

-

22

-

Cash paid for surrender of vested shares due to employee tax liability

517

680

1,103

579

349

0

-305

-

-

-

-

Repurchase of common stock

7,362

36,068

-

0

-

-

-

-

-

-

-

Cash dividends paid

29,776

30,921

25,811

25,661

12,783

6,694

4,439

-

-

-

-

Net change in short-term federal home loan bank advances and other borrowings

-

-

-

-

-

-

-

-

-151,570

-177

-160,040

Net cash provided by financing activities

-47,949

236,482

445,119

419,974

-40,219

-62,901

154,958

50,695

-196,619

-166,818

-581,172

Net increase in cash and due from banks

-33,698

1,550

6,591

-17,129

6,044

-21,037

-88,690

66,364

-48,037

95,610

-61,837

Supplemental disclosures of cash flow information:
Interest expense paid

71,064

47,314

32,519

18,884

16,382

14,434

21,916

23,002

27,696

35,278

88,851

Income taxes paid

15,570

20,792

28,135

23,327

7,928

37,015

15,110

4,912

3

-49,971

-

Non-cash activities:
Transfer of loans receivable to other real estate owned

248

938

143

4,763

318

9,480

1,612

3,071

4,213

12,992

38,726

Stock Issued for Business Acquisition

-

-

-

-

-

-

-

-

-

-

46

Transfer of loans receivable to loans held for sale

-

-

-

-

360

0

8,010

95,611

110,290

155,176

0

Transfer of loans held for sale to loans receivable

-

-

-

-

-

-

2,534

1,779

-

-

-

Loans provided in the sale of loans held for sale

-

-

-

-

-

-

-

-

5,750

-

-

Loans provided in the sale of other real estate owned

-

-

-

-

-

-

-

-

510

1,217

5,000

Reclassification of held-to-maturity securities to available for sale securities

-

-

-

-

-

-

-

52,674

-

-

-

Note receivable from sale of insurance subsidiaries

-

-

-

-

-

1,394

0

-

-

-

-

Conversion of stock warrants into common stock

-

-

-

-

-

2

987

-

-

-

-

Issuance of Stock Warrants in Connection with Common Stock Offering

-

-

-

-

-

-

-

-

-

1,962

-

Issuance of treasury stocks in connection with reverse stock split

-

-

-

-

-

-

-

-

154

-

-

Income tax (expense) benefit related to items of other comprehensive income

3,827

-1,684

376

312

-575

7,359

-10,737

1,344

-

-

-

Change in unrealized (gain) loss in accumulated other comprehensive income

14,583

5,790

-2,649

1,712

5,258

19,213

24,496

-

8,123

-

-

Cash dividends declared

-

-

-

21,185

15,022

8,928

0

-

-

-

-

Change in right-of-use asset obtained in exchange for lease liability

43,085

-

-

-

-

-

-

-

-

-

-