HANMI FINANCIAL CORPORATION HAFC Cash Flow

Hanmi financial corporation (HAFC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income
2,350	3,084	12,376	2,656	14,672	11,384	16,081	15,548	14,855	11,498	14,922	14,457	13,783	14,416	13,121	14,148	14,804	14,826	13,959	13,984	11,054	5,929	21,799	11,042	10,991	9,927	10,385	9,435	10,110	13,929	13,279	55,775	7,341	5,506	4,203	8,001	10,437
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
2,317	2,684	2,154	2,072	2,622	2,601	3,282	3,471	1,757	3,501	2,272	3,196	3,885	3,730	3,253	3,613	3,982	2,659	5,614	4,132	5,441	2,550	2,868	1,727	1,556	5,144	528	493	504	5,872	519	533	554	558	522	536	547
Amortization of premiums and accretion of discounts on investment securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-518	-674	-769	-	-738	-927	-1,078	-1,170	-825	-510	-717
Amortization of other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	41	41	-	41	45	71	131	161	190	218
Amortization of servicing assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	413	410	329	-	301	214	205	243	142	153	192
Share-based compensation expense
769	859	895	659	712	851	850	930	884	822	708	671	692	679	787	923	619	560	681	472	528	418	696	446	605	318	198	92	97	334	42	10	92	168	58	68	314
Credit loss expense
15,739	-	-	-	1,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan and lease loss provision
-	-	-	-	-	3,041	200	100	649	220	269	422	-80	151	-7,530	1,515	1,525	-19,393	3,703	2,403	1,673	-13,721	297	3,866	3,300	-	-	-	-	0	0	4,000	2,000	-	-	-	-
Gain on sales of securities
-	0	0	570	725	0	20	67	-428	275	267	937	269	0	46	0	0	467	2,048	1,912	2,184	159	67	364	1,421	116	611	303	9	4	10	1,381	1	-	-	-	-
Loss on investment in affordable housing partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	220	220	220	-	220	220	220
Gain on sales of SBA loans
1,154	1,499	1,766	1,060	926	984	1,114	1,408	1,448	2,056	2,546	2,668	1,464	1,787	1,615	1,774	858	3,871	1,621	1,573	1,684	1,227	1,222	498	547	1,936	994	1,918	2,595	2,877	1,776	1,271	-1,736	382	-1,445	606	1,883
Origination of SBA loans held for sale
12,197	24,386	24,856	14,300	13,223	22,902	18,877	18,562	18,805	27,395	28,049	34,475	19,192	31,119	17,689	30,407	12,152	27,384	21,331	14,834	23,108	13,187	18,229	10,215	6,354	19,914	17,135	22,834	23,144	30,518	25,722	34,723	25,866	31,582	12,600	14,285	1,771
Loss (gain) on disposition of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,018	0	35	0	137	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposition gains on PCI loans
-	-	-	-	-	-	-	-	-	-	979	540	183	-	789	1,963	659	2,140	4,334	2,471	1,222	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sales of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-2	-	-	-	5	-	-	-	-	-72	82	-462	-219
Valuation adjustment on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-73	-183	-465	0	-201	13	215	-	-	-	-	-17	0	0	7	-	-	-	-	18	0	29	441
Valuation adjustment for loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,446	-519	-1,124	-657	0	0	-682	-2,221
Proceeds from sales of SBA loans
19,366	15,958	26,052	16,248	16,608	19,076	21,205	20,871	20,981	25,065	35,777	35,524	21,414	30,721	26,375	21,457	13,662	31,926	22,714	21,447	21,996	17,003	15,817	7,383	6,626	27,668	16,776	29,817	30,745	-	-	-	-	-	-	-	-
Proceeds from Life Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	344	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-5,350	-	-	-	-	-	-	-	-
Change in accrued interest receivable
-	-	-	-	-	-	706	189	-19	-	931	393	-213	827	-392	-74	1,125	779	589	-1,105	-511	-131	91	-752	52	98	-484	-85	-55	114	299	-801	140	604	-287	-1,284	748
Change in bank-owned life insurance
276	282	278	281	280	289	285	256	277	286	286	260	282	291	298	239	272	273	26	245	253	207	225	224	223	-	-	-	230	-	-	0	163	-	-	-	-
Change in prepaid expenses and other assets
4,905	-1,456	4,765	4,132	-1,671	2,819	-1,518	3,487	-5,192	1,731	-5,876	9,164	-5,117	6,215	-2,909	-1,323	441	-1,678	2,183	-4,482	257	2,912	1,024	3,930	847	-571	-586	-104	592	-155	-487	-478	1,606	-	-	-	2,520
Change in income tax assets
4,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash surrender value of bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-399	-237	-236	-	-1,164	232	231
Change in current tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-4,015	-3,125	-1,637	3,326	-5,751	-10,698	-7,836	6,230	-399	7,869	-12,736	7,534	7,961	-6,403	4,241	-2,876	-52,757	651	49,635	2,428	-	-	-	-
Change in other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,388	5,621	722	-1,576	87	-3,265	-5,066	2,952	4,957	-1,266	-1,906	976	78
Change in accrued interest payable
-	-	-	-	-	-	2,378	-156	622	-	639	813	52	123	-663	-142	72	192	-458	-54	47	420	-878	104	-47	661	135	-622	-8,583	-3,491	384	-720	-430	2,542	-840	146	-1,782
Change in stock warrants payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-2	-9	91	200	-40	33	-170	-	-	-	-14
Change in FDIC loss sharing liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,057	-427	-1,531	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued expenses and other liabilities
-1,846	-1,545	6,481	-1,745	185	5,341	-4,451	3,739	-6,357	5,769	-2,547	4,202	-3,569	1,775	-1,755	-989	-7,377	1,073	2,140	-8,241	-6,568	8,093	-990	10,062	1,354	-623	1,183	-1,343	2,582	-894	1,041	635	247	-791	11	-1,243	722
Net cash provided by operating activities
24,262	3,108	17,756	15,499	22,433	17,540	20,061	20,534	18,500	25,833	24,858	10,848	20,117	22,478	25,983	5,058	5,834	29,959	20,612	21,307	-5,348	1,376	-2,292	3,118	23,265	12,741	18,035	11,631	18,311	12,519	17,225	44,195	-21,112	23,788	20,428	-2,220	7,249
Cash flows from investing activities:
Purchases of securities available for sale
26,423	58,589	32,114	99,562	130,550	16,387	44,720	33,603	46,641	40,971	62,621	77,817	60,960	0	19,992	0	0	-	-	-	-	0	0	68,691	55,751	-	-	-	-	88,869	80,769	80,198	18,113	101,010	66,708	55,641	145,083
Proceeds from redemption of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,003	137	1,817	1,786	8,287	-1,124	-1,016	-1,093	7,748	-1,114	-1,124	-1,082
Proceeds from matured, called and repayment of securities
49,987	44,796	51,618	42,984	20,544	19,944	30,614	26,200	22,495	28,761	17,452	16,261	17,404	15,241	24,708	43,179	30,884	41,305	31,245	28,250	34,613	40,568	24,592	23,504	13,049	3,470	21,857	19,427	20,820	41,412	37,362	30,466	40,873	77,792	100,649	51,668	19,173
Proceeds from sales of securities available for sale
-	0	0	44,119	69,187	0	3,426	9,367	21,958	26,938	17,645	40,115	12,573	0	78,282	0	0	101,977	44,782	130,594	176,848	33,699	9,778	40,822	85,234	36,913	16,796	15,764	9,000	6,000	8,000	85,538	3,000	-	-	-	-
Purchases of loans and leases receivable
-	-	-	-	-	0	2,160	25,901	38,905	105,022	88,245	39,435	33,573	267,708	45,989	66,513	30,687	114,706	36,210	20,574	43,979	-	-	-	-	-	-	-	-	0	216	15,241	67,428	-	-	-	-
Purchases of premises and equipment
1,244	-334	1,398	-929	1,444	-104	2,831	488	481	-	-	-	411	1,712	-2,375	403	990	-23	-123	389	903	411	128	491	120	451	257	164	146	255	24	173	223	534	280	240	113
Proceeds from disposition of premises and equipment
44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from matured or called securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	366	6,203	135	100	23	5	7
Proceeds from sales of other real estate owned ("OREO")
-	-	-	-	-	-	-	-	-	1	2,324	37	3,349	3,168	1,009	1,180	117	0	1,436	2,058	4,038	10,268	9,198	0	734	-861	1,097	267	281	-	-	-	-	855	1,862	1,984	1,752
Proceeds from sales of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,926	1,454	9,936	22,509	38,509	26,961	34,656	27,163	18,019	27,944
Proceeds from insurance settlement on bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of term federal fund
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	150,000	5,000	-	-	-	-
Change in loans receivable, excluding purchases
38,884	-26,923	-14,996	19,488	24,201	20,895	40,215	103,650	70,971	1,963	34,526	90,512	66,556	47,640	57,823	78,127	93,113	14,924	131,757	37,087	-13,952	85,523	-50,551	77,438	40,728	76,830	-23,570	74,133	80,606	101,377	42,866	-4,193	20,353	-6,417	-30,460	-39,129	-44,680
Purchases of FRB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	325	0	581	1,243	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
61,248	-41,051	3,533	11,035	-18,062	-16,963	-55,886	-126,173	-112,545	-92,952	-148,387	-150,671	-128,174	-298,651	-3,007	-100,684	-94,114	-106,496	-162,342	62,680	185,891	-21,921	120,439	-84,539	2,418	-232,598	32,046	-56,403	-47,411	-79,394	2,613	78,678	-39,055	-101,020	37,130	213,785	-50,558
Cash flows from financing activities:
Change in deposits
-116,894	8,821	-71,927	-58,107	72,940	132,813	187,887	48,434	29,447	49,644	39,837	176,008	273,428	38,530	181,918	89,297	-9,984	-8,718	78,913	-112,895	-4,070	-41,408	-45,692	38,269	-5,745	82,618	67,794	28,901	-62,951	32,578	-21,722	21,381	18,816	-8,259	-45,206	-32,565	-35,781
Change in overnight borrowings
-135,000	95,000	-75,000	0	55,000	105,000	110,000	-50,000	-70,000	-40,000	-90,000	30,000	265,000	-260,000	225,000	-30,000	-80,000	-20,000	-150,000	0	150,000	-42,411	-3,000	35,445	-4,899	-	-	-	95	-	-	-	-	-	-	-	-
Proceeds from borrowings
75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of subordinated debentures
-	-	-	-	-	-	-	-	-	-	0	0	97,735	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of FHLB advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94	93	91	90	88	88	-242	413
Redemption of subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	51,478	30,928	-	-	-	-	-	-	-	-
Redemption of rescinded stock obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150	0	783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	0	2,957	14	8	0	0	0	570	18	131	126	13	861	30	221	341	85	168	85	278	40	9	228	190	65	432	7	21	-	-	-	-	-	-	-	-
Cash paid for surrender of vested shares due to employee tax liability
171	56	22	14	425	73	18	158	431	168	26	261	648	77	255	230	17	56	293	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
2,196	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	305	-	-	-	-	-	-	-	-
Cash dividends paid
7,380	7,460	7,470	7,406	7,440	7,613	7,778	7,774	7,756	6,781	6,781	6,135	6,114	6,103	6,104	4,494	8,960	5,752	4,797	0	2,234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in short-term federal home loan bank advances and other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,709	17,675	-150,680	144
Net cash provided by financing activities
83,359	8,943	-1,462	-65,513	10,083	-4,818	58,968	90,502	91,830	82,806	123,161	139,738	99,414	293,211	-49,411	114,794	61,380	5,559	223,841	-112,810	-156,809	-18,151	-44,913	819	-656	205,360	65,913	-22,667	-93,648	32,494	-21,815	21,290	18,726	50,053	-27,619	-183,003	-36,050
Net increase in cash and due from banks
168,869	-29,000	19,827	-38,979	14,454	-4,241	23,143	-15,137	-2,215	15,687	-368	-85	-8,643	17,038	-26,435	19,168	-26,900	-70,978	82,111	-28,823	23,734	-38,696	73,234	-80,602	25,027	-14,497	115,994	-67,439	-122,748	-34,381	-1,977	144,163	-41,441	-27,179	29,939	28,562	-79,359
Supplemental disclosures of cash flow information:
Interest expense paid
16,472	15,623	19,482	21,655	14,304	13,085	12,330	12,363	9,536	9,441	8,935	8,200	5,943	5,125	5,406	4,319	4,034	3,939	4,498	4,011	3,934	3,684	4,354	3,080	3,316	2,677	6,809	56	12,374	7,199	4,099	6,373	5,331	3,796	7,251	7,101	9,548
Income taxes paid
93	19,724	-567	-3,675	88	7,239	4,810	8,704	39	2,989	5,320	19,927	-101	1,673	5,168	6,599	9,887	-5,600	-810	1,166	13,172	16,085	12,014	8,900	16	3,200	0	10,110	1,800	0	0	2,405	2,507	-	-	-	-
Non-cash activities:
Transfer of loans receivable to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	445	0	3,642	676	-4,738	2,345	2,084	627	-	-	-	-	522	290	287	513	513	1,610	-132	1,080	275	1,186	1,276	1,476
Transfer of loans receivable to loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,637	3,373	5,819	25,321	26,990	37,481	44,003	28,481	266	37,540
Loans provided in the sale of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,900	1,850
Loans provided in the sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1	511
Conversion of stock warrants into common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2	6	-2	133	850	-	-	-	-	-	-	-	-
Income tax (expense) benefit related to items of other comprehensive income
3,439	-133	542	1,721	1,697	2,109	-798	-452	-2,543	-1,526	109	1,233	560	-5,281	-1,109	2,658	4,044	-1,795	1,274	-4,177	4,123	4,037	-2,102	2,617	2,807	-3,561	-4,528	-2,397	-251	-	-	-	0	-	-	-	-
Change in unrealized (gain) loss in accumulated other comprehensive income
-11,924	28,330	-1,875	-5,978	-5,894	-7,325	2,682	1,569	8,864	3,410	-529	-3,910	-1,620	15,230	2,629	-6,424	-9,723	14,317	-5,057	8,041	-12,043	9,724	-4,949	22,537	-8,099	8,356	22,261	-5,553	-568	-	-1,360	-214	-674	-	-	-	-
Cash dividends declared
-	-	-	-	-	-	-	-	7,756	-	6,781	6,135	6,114	6,103	6,104	4,494	4,484	4,473	3,519	3,517	3,513	6,697	1	5	2,225	-	-	-	-	-	-	-	-	-	-	-	-
Change in right-of-use asset obtained in exchange for lease liability
1,287	0	-25	2,201	40,909	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-