HAFC Hanmi Financial Corporation

Hanmi Financial Corporation (NASDAQ:HAFC) (�we,� �our� or �Hanmi�), the holding company for Hanmi Bank (the �Bank�), reported a first-quarter net loss of $5.2 million, or ($0.11) per share, compared to net income of $2.9 million, or $0.06 per diluted share, in the first quarter of 2008.

�First-quarter results reflect a continuation of the exceedingly difficult environment in which we have operated for the last several quarters,� said Jay S. Yoo, Hanmi�s President and Chief Executive Officer. �In particular, credit quality deteriorated as we continued to experience higher delinquency rates and an increase in non-performing loans as a result of the prolonged economic slowdown. Our ongoing program to stay abreast of problematic credits includes third-party loan review, quarterly third-party stress testing of the entire loan portfolio, and, where considered appropriate, third-party re-appraisal of collateral on commercial real estate loans.�

�Despite the challenging economic environment and the disappointing first-quarter operating results,� Mr. Yoo added, �I am encouraged that during the quarter we have reduced wholesale funding, such as broker deposits and FHLB advances, on our balance sheet with a substantial increase in customer deposits through a successful deposit campaign, which has improved our liquidity.�

Results of Operations

First-quarter 2009 net interest income before provision for credit losses decreased by $7.4 million, or 24.3 percent, to $23.1 million, compared to $30.5 million in the fourth quarter of 2008. Interest and fees on loans declined by $6.2 million, or 12.1 percent, from the fourth quarter of 2008, reflecting a lower yield on the loan portfolio primarily due to the low interest rate environment, whereas interest paid on deposits increased by $3.1 million, or 15.9 percent, from the fourth quarter of 2008.

The increase in the total cost of average interest-bearing deposits was primarily due to a sequential increase of $364.4 million, or 15.8 percent, in total average interest-bearing deposits, which in turn was due in large part to an aggressive promotion (commenced in December 2008 and concluded in early March 2009) of flexible time deposits with attractive rates; the average cost of interest-bearing deposits increased by 7 basis points to 3.45 percent in the first quarter of 2009 from 3.38 percent in the fourth quarter of 2008.

The average yield on the loan portfolio was 5.46 percent in the first quarter of 2009, a decline of 60 basis points compared to 6.06 percent in the fourth quarter of 2008, as a result of the declining interest rate environment. Given the lower asset yields and higher liability costs, net interest margin declined by 88 basis points, to 2.46 percent in the first quarter of 2009 from 3.34 percent in the fourth quarter of 2008. Although we expect to see some margin improvement by the third quarter, we continue to believe that a significant expansion in net interest margin is unlikely to occur until late 2009.

The provision for credit losses in the first quarter of 2009 was $25.0 million compared to $25.5 million in the prior quarter and $17.8 million in the first quarter of 2008. First-quarter charge-offs, net of recoveries, were $11.8 million compared to $18.6 million in the prior quarter and $7.3 million in the first quarter of 2008. First-quarter charge-offs consisted primarily of a number of commercial and industrial loans, as well as some property loans, tied to small businesses, which continue to be adversely affected by the recession.

Total non-interest income in the first quarter of 2009 was $8.4 million compared to $7.4 million in the fourth quarter of 2008 and $9.8 million in the first quarter of 2008. The increase in non-interest income over the fourth quarter is primarily attributable to a $1.2 million gain on the sale of $37.3 million of investment securities.

Total non-interest expense in the first quarter of 2009 was $18.3 million compared to $21.1 million in the fourth quarter of 2008, a decrease of $2.8 million, or 13.3 percent, and $21.6 million in the first quarter of 2008, a decrease of $3.3 million, or 15.5 percent. A sequential decrease of $1.3 million in salaries and employee benefits reflects the first-quarter 2009 reversal of a $2.5 million post-retirement benefit obligation related to bank-owned life insurance as a result of an amendment to the policy to remove a post-retirement death benefit and a $1.1 million increase in bonus accruals due to a fourth-quarter 2008 reversal of $860,000 in bonus accruals and a first-quarter 2009 bonus accrual of $200,000. A $1.5 million decline in all other non-interest expense reflects reductions in professional fees and advertising and promotion in the first quarter of 2009, as well as the impact from an accrual of $1.0 million in severance payments to retired directors in the fourth quarter of 2008.

For the first quarter of 2009, due mainly to the decrease in net interest income before provision for credit losses, the efficiency ratio (non-interest expense divided by the sum of net interest income before provision for credit losses and non-interest income) increased to 57.92 percent, compared to 55.49 percent in the fourth quarter of 2008 and 49.11 percent in the comparable period a year ago.

Balance Sheet and Asset Quality

At March 31, 2009, total assets were $3.89 billion compared to $3.88 billion at December 31, 2008 and $3.94 billion at March 31, 2008, an increase of $17.1 million, or 0.4 percent, and a decrease of $47.5 million, or 1.2 percent, respectively. At March 31, 2009, gross loans, net of deferred loan fees decreased by $43.7 million, or 1.3 percent, to $3.32 billion, compared to gross loans of $3.36 billion at December 31, 2008, and increased by $14.3 million, or 0.4 percent, compared to gross loans of $3.30 billion at March 31, 2008. The sequential decline in gross loans in the first quarter is indicative of the Bank�s close attention to actively managing its balance sheet in light of continuing weakness in the economy.

Total deposits increased by $126.0 million, or 4.1 percent, to $3.20 billion at March 31, 2009, compared to $3.07 billion at December 31, 2008, and increased by $168.3 million, or 5.6 percent, compared to total deposits of $3.03 billion at March 31, 2008. We are successfully replacing wholesale funds such as FHLB advances and broker deposits with customer deposits as planned. FHLB advances and other borrowings decreased by $110.1 million, or 26.0 percent, to $312.8 million at March 31, 2009, compared to $423.0 million at December 31, 2008, and decreased by $102.7 million, or 24.7 percent, compared to $415.6 at March 31, 2008. At March 31, 2009, broker deposits were $577.8 million compared to $874.2 million at December 31, 2008.

Delinquent loans were $164.4 million (4.95 percent of total gross loans) at March 31, 2009, compared to $128.5 million (3.82 percent of total gross loans) at December 31, 2008, and $105.8 million (3.20 percent of total gross loans) at March 31, 2008. The majority of the increase in delinquencies was attributable to a number of commercial and industrial loans totaling $21.7 million in aggregate, of which $12.8 million were owner/user business property loans. Non-performing loans at March 31, 2009 were $132.1 million (3.98 percent of total gross loans), compared to $121.9 million (3.62 percent of total gross loans) at December 31, 2008, and $88.7 million (2.68 percent of total gross loans) at March 31, 2008.

At March 31, 2009, the allowance for loan losses was $83.9 million, or 2.53 percent of total gross loans (63.52 percent of total non-performing loans), compared to $71.0 million, or 2.11 percent of total gross loans (58.23 percent of total non-performing loans), at December 31, 2008, and $53.0 million, or 1.60 percent of total gross loans (59.72 percent of total non-performing loans), at March 31, 2008.

Capital Adequacy

The Bank�s capital ratios exceeded levels defined as �well-capitalized� by our regulators. At March 31, 2009, the Bank�s Tier 1 Leverage, Tier 1 Risk-Based Capital and Total Risk-Based Capital ratios were 8.40 percent, 9.52 percent and 10.79 percent, respectively, compared to 8.85 percent, 9.44 percent and 10.71 percent, respectively, at December 31, 2008.

Forward-Looking Statements

This 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. 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 SBA 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;

� 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 successfully integrate acquisitions we may make;

� our ability to control expenses; and

� changes in securities markets.

In addition, we set forth certain risks in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and current and periodic reports filed with the Securities and Exchange Commission thereafter, which could cause actual results to differ from those projected. You should understand that it is not possible to predict or identify all such risks. Consequently, you should not consider such disclosures to be a complete discussion of all potential risks or uncertainties. We undertake no obligation to update such forward-looking statements except as required by law.

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 two loan production offices in Virginia and Washington State. Hanmi Bank specializes in commercial, Small Business Administration (�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 shareholder value. Additional information is available at www.hanmifinancial.com.

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Dollars in Thousands) � � � � � � � � � � � � � March 31, December 31, % March 31, % � 2009 � � 2008 � Change � 2008 � Change ASSETS Cash and Due from Banks $ 230,950 $ 85,188 171.1 % $ 101,306 128.0 % Federal Funds Sold � 90,000 � � 130,000 � (30.8 )% � 2,000 � 4,400.0 % Cash and Cash Equivalents � 320,950 � � 215,188 � 49.1 % � 103,306 � 210.7 % Investment Securities 164,412 197,876 (16.9 )% 323,636 (49.2 )% Loans: Gross Loans, Net of Deferred Loan Fees 3,318,382 3,362,111 (1.3 )% 3,304,039 0.4 % Allowance for Loan Losses � (83,943 ) � (70,986 ) 18.3 % � (52,986 ) 58.4 % Loans Receivable, Net � 3,234,439 � � 3,291,125 � (1.7 )% � 3,251,053 � (0.5 )% Customers� Liability on Acceptances 2,176 4,295 (49.3 )% 7,119 (69.4 )% Premises and Equipment, Net 20,269 20,279

--

20,679 (2.0 )% Accrued Interest Receivable 11,702 12,347 (5.2 )% 15,417 (24.1 )% Other Real Estate Owned 1,206 823 46.5 %

--

--

Servicing Assets 3,630 3,791 (4.2 )% 4,220 (14.0 )% Goodwill

--

--

--

107,393 (100.0 )% Other Intangible Assets 4,521 4,950 (8.7 )% 6,384 (29.2 )% Federal Home Loan Bank and Federal Reserve Bank Stock 40,925 40,925

--

33,718 21.4 % Bank-Owned Life Insurance 25,710 25,476 0.9 % 24,760 3.8 % Other Assets � 62,955 � � 58,741 � 7.2 % � 42,710 � 47.4 % TOTAL ASSETS $ 3,892,895 � $ 3,875,816 � 0.4 % $ 3,940,395 � (1.2 )% � LIABILITIES AND STOCKHOLDERS� EQUITY Liabilities: Deposits: Noninterest-Bearing $ 542,521 $ 536,944 1.0 % $ 676,471 (19.8 )% Interest-Bearing � 2,653,588 � � 2,533,136 � 4.8 % � 2,351,297 � 12.9 % Total Deposits 3,196,109 3,070,080 4.1 % 3,027,768 5.6 % Accrued Interest Payable 27,234 18,539 46.9 % 17,857 52.5 % Acceptances Outstanding 2,176 4,295 (49.3 )% 7,119 (69.4 )% Federal Home Loan Bank Advances and Other Borrowings 312,836 422,983 (26.0 )% 415,553 (24.7 )% Junior Subordinated Debentures 82,406 82,406

--

82,406

--

Other Liabilities � 11,891 � � 13,598 � (12.6 )% � 19,328 � (38.5 )% Total Liabilities 3,632,652 3,611,901 0.6 % 3,570,031 1.8 % Stockholders� Equity � 260,243 � � 263,915 � (1.4 )% � 370,364 � (29.7 )% TOTAL LIABILITIES AND STOCKHOLDERS� EQUITY $ 3,892,895 � $ 3,875,816 � 0.4 % $ 3,940,395 � (1.2 )% HANMI FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (Dollars in Thousands, Except Per Share Data) � � � � � � � � � � � � � � Three Months Ended March 31, December 31, % March 31, % � 2009 � � 2008 � Change � 2008 Change INTEREST AND DIVIDEND INCOME: Interest and Fees on Loans $ 45,085 $ 51,305 (12.1 )% $ 60,598 (25.6 )% Taxable Interest on Investments 1,352 1,649 (18.0 )% 3,116 (56.6 )% Tax-Exempt Interest on Investments 643 646 (0.5 )% 759 (15.3 )% Dividends on Federal Home Loan Bank and Federal Reserve Bank Stock 153 437 (65.0 )% 414 (63.0 )% Interest on Federal Funds Sold 82 29 182.8 % 83 (1.2 )% Interest on Term Federal Funds Sold � 700 � � 43 � 1,527.9 % �

--

--

� Total Interest and Dividend Income � 48,015 � � 54,109 � (11.3 )% � 64,970 (26.1 )% � INTEREST EXPENSE: Interest on Deposits 22,785 19,654 15.9 % 24,847 (8.3 )% Interest on Federal Home Loan Bank Advances and Other Borrowings 1,112 2,623 (57.6 )% 4,477 (75.2 )% Interest on Junior Subordinated Debentures � 988 � � 1,293 � (23.6 )% � 1,449 (31.8 )% Total Interest Expense � 24,885 � � 23,570 � 5.6 % � 30,773 (19.1 )% � NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES 23,130 30,539 (24.3 )% 34,197 (32.4 )%

--

--

Provision for Credit Losses � 24,953 � � 25,450 � (2.0 )% � 17,821 40.0 % � NET INTEREST INCOME (LOSS) AFTER PROVISION FOR CREDIT LOSSES � (1,823 ) � 5,089 � (135.8 )% � 16,376 (111.1 )% � NON-INTEREST INCOME: Service Charges on Deposit Accounts 4,315 4,559 (5.4 )% 4,717 (8.5 )% Insurance Commissions 1,182 1,174 0.7 % 1,315 (10.1 )% Remittance Fees 523 651 (19.7 )% 505 3.6 % Trade Finance Fees 506 614 (17.6 )% 865 (41.5 )% Other Service Charges and Fees 483 513 (5.8 )% 716 (32.5 )% Bank-Owned Life Insurance Income 234 237 (1.3 )% 240 (2.5 )% Gain (Loss) on Sales of Securities Available for Sale 1,167 (58 ) (2,112.1 )% 618 88.8 % Gain on Sales of Loans 2

--

--

213 (99.1 )% Other-Than-Temporary Impairment Loss on Securities (98 ) (494 ) (80.2 )%

--

--

Other Income � 66 � � 208 � (68.3 )% � 576 (88.5 )% Total Non-Interest Income � 8,380 � � 7,404 � 13.2 % � 9,765 (14.2 )% � NON-INTEREST EXPENSE: Salaries and Employee Benefits 7,503 8,846 (15.2 )% 11,280 (33.5 )% Occupancy and Equipment 2,884 2,798 3.1 % 2,782 3.7 % Data Processing 1,536 1,069 43.7 % 1,534 0.1 % Professional Fees 616 912 (32.5 )% 985 (37.5 )% Supplies and Communications 570 510 11.8 % 704 (19.0 )% Advertising and Promotion 569 904 (37.1 )% 812 (29.9 )% Amortization of Other Intangible Assets 429 454 (5.5 )% 524 (18.1 )% Other Operating Expenses � 4,145 � � 5,563 � (25.5 )% � 2,967 39.7 % Total Non-Interest Expense � 18,252 � � 21,056 � (13.3 )% � 21,588 (15.5 )% � INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES (11,695 ) (8,563 ) 36.6 % 4,553 (356.9 )% Provision (Benefit) for Income Taxes � (6,499 ) � (4,748 ) 36.9 % � 1,632 (498.2 )% � NET INCOME (LOSS) $ (5,196 ) $ (3,815 ) 36.2 % $ 2,921 (277.9 )% � EARNINGS (LOSS) PER SHARE: Basic $ (0.11 ) $ (0.08 ) 37.5 % $ 0.06 (283.3 )% Diluted $ (0.11 ) $ (0.08 ) 37.5 % $ 0.06 (283.3 )% � WEIGHTED-AVERAGE SHARES OUTSTANDING: Basic 45,891,043 45,884,462 45,842,376 Diluted 45,891,043 45,884,462 45,918,143 � SHARES OUTSTANDING AT PERIOD-END 45,940,967 45,905,549 45,905,549 HANMI FINANCIAL CORPORATION AND SUBSIDIARIES SELECTED FINANCIAL DATA (UNAUDITED) (Dollars in Thousands) � � � � Three Months Ended March 31, � � � December 31, � � � % � � � March 31, � � � % � 2009 � � 2008 � Change � � 2008 � Change � AVERAGE BALANCES: Average Gross Loans, Net of Deferred Loan Fees $ 3,349,085 $ 3,366,601 (0.5 )% $ 3,303,141 1.4 % Average Investment Securities 182,284 205,305 (11.2 )% 342,123 (46.7 )% Average Interest-Earning Assets 3,806,186 3,637,232 4.6 % 3,689,650 3.2 % Average Total Assets 3,946,860 3,789,435 4.2 % 3,965,425 (0.5 )% Average Deposits 3,202,032 2,879,674 11.2 % 2,995,315 6.9 % Average Borrowings 440,053 602,838 (27.0 )% 553,138 (20.4 )% Average Interest-Bearing Liabilities 3,115,332 2,913,723 6.9 % 2,897,209 7.5 % Average Stockholders� Equity 263,686 271,544 (2.9 )% 377,411 (30.1 )% Average Tangible Equity 258,908 266,333 (2.8 )% 263,624 (1.8 )% � � PERFORMANCE RATIOS (Annualized): Return on Average Assets (0.53 )% (0.40 )% 0.30 % Return on Average Stockholders� Equity (7.99 )% (5.59 )% 3.11 % Return on Average Tangible Equity (8.14 )% (5.70 )% 4.46 % Efficiency Ratio 57.92 % 55.49 % 49.11 % Net Interest Spread 1.88 % 2.70 % 2.81 % Net Interest Margin 2.46 % 3.34 % 3.73 % � � ALLOWANCE FOR LOAN LOSSES: Balance at Beginning of Period $ 70,986 $ 63,948 11.0 % $ 43,611 62.8 % Provision Charged to Operating Expense 24,770 25,660 (3.5 )% 16,672 48.6 % Charge-Offs, Net of Recoveries � (11,813 ) � (18,622 ) (36.6 )% � (7,297 ) 61.9 % Balance at End of Period $ 83,943 � $ 70,986 � 18.3 % $ 52,986 � 58.4 % � Allowance for Loan Losses to Total Gross Loans 2.53 % 2.11 % 1.60 % Allowance for Loan Losses to Total Non-Performing Loans 63.52 % 58.23 % 59.72 % � � ALLOWANCE FOR OFF-BALANCE SHEET ITEMS: Balance at Beginning of Period $ 4,096 $ 4,306 (4.9 )% $ 1,765 132.1 % Provision Charged to Operating Expense � 183 � � (210 ) (187.1 )% � 1,149 � (116.3 )% Balance at End of Period $ 4,279 � $ 4,096 � 4.5 % $ 2,914 � 46.8 % HANMI FINANCIAL CORPORATION AND SUBSIDIARIES � � � � � � � � SELECTED FINANCIAL DATA (UNAUDITED) (Continued) (Dollars in Thousands) � � � � March 31, December 31, % March 31, % � 2009 � � 2008 � Change � � 2008 � Change NON-PERFORMING ASSETS: Non-Accrual Loans $ 131,323 $ 120,823 8.7 % $ 88,529 48.3 % Loans 90 Days or More Past Due and Still Accruing � 823 � � 1,075 � (23.4 )% � 191 � 330.9 % Total Non-Performing Loans 132,146 121,898 8.4 % 88,720 48.9 % Other Real Estate Owned � 1,206 � � 823 � 46.5 % �

--

�

--

� Total Non-Performing Assets $ 133,352 � $ 122,721 � 8.7 % $ 88,720 � 50.3 % � Total Non-Performing Loans/Total Gross Loans 3.98 % 3.62 % 2.68 % Total Non-Performing Assets/Total Assets 3.43 % 3.17 % 2.25 % Total Non-Performing Assets/Allowance for Loan Losses 158.9 % 172.9 % 167.4 % � DELINQUENT LOANS $ 164,402 � $ 128,469 � 28.0 % $ 105,842 � 55.3 % � Delinquent Loans/Total Gross Loans 4.95 % 3.82 % 3.20 % � LOAN PORTFOLIO: Real Estate Loans $ 1,185,054 $ 1,180,114 0.4 % $ 1,092,121 8.5 % Commercial and Industrial Loans 2,055,209 2,099,732 (2.1 )% 2,123,741 (3.2 )% Consumer Loans � 79,459 � � 83,525 � (4.9 )% � 90,087 � (11.8 )% Total Gross Loans 3,319,722 3,363,371 (1.3 )% 3,305,949 0.4 % Deferred Loan Fees � (1,340 ) � (1,260 ) 6.3 % � (1,910 ) (29.8 )% Gross Loans, Net of Deferred Loan Fees 3,318,382 3,362,111 (1.3 )% 3,304,039 0.4 % Allowance for Loan Losses � (83,943 ) � (70,986 ) 18.3 % � (52,986 ) 58.4 % Loans Receivable, Net $ 3,234,439 � $ 3,291,125 � (1.7 )% $ 3,251,053 � (0.5 )% � LOAN MIX: Real Estate Loans 35.7 % 35.1 % 33.0 % Commercial and Industrial Loans 61.9 % 62.4 % 64.2 % Consumer Loans � 2.4 % � 2.5 % � 2.8 % Total Gross Loans � 100.0 % � 100.0 % � 100.0 % � DEPOSIT PORTFOLIO: Noninterest-Bearing $ 542,521 $ 536,944 1.0 % $ 676,471 (19.8 )% Savings 82,824 81,869 1.2 % 92,189 (10.2 )% Money Market Checking and NOW Accounts 308,383 370,401 (16.7 )% 696,552 (55.7 )% Time Deposits of $100,000 or More 1,218,826 849,800 43.4 % 1,248,853 (2.4 )% Other Time Deposits � 1,043,555 � � 1,231,066 � (15.2 )% � 313,703 � 232.7 % Total Deposits $ 3,196,109 � $ 3,070,080 � 4.1 % $ 3,027,768 � 5.6 % � DEPOSIT MIX: Noninterest-Bearing 17.0 % 17.5 % 22.3 % Savings 2.6 % 2.7 % 3.0 % Money Market Checking and NOW Accounts 9.6 % 12.1 % 23.0 % Time Deposits of $100,000 or More 38.1 % 27.7 % 41.2 % Other Time Deposits � 32.7 % � 40.0 % � 10.5 % Total Deposits � 100.0 % � 100.0 % � 100.0 % � CAPITAL RATIOS (Bank Only): Total Risk-Based 10.79 % 10.71 % 10.79 % Tier 1 Risk-Based 9.52 % 9.44 % 9.54 % Tier 1 Leverage 8.40 % 8.85 % 8.74 % HANMI FINANCIAL CORPORATION AND SUBSIDIARIES AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID (UNAUDITED) (Dollars in Thousands) � � Three Months Ended March 31, 2009 � � December 31, 2008 � �

March 31, 2008

Average Balance � Interest Income/ Expense � Average Yield/ Rate � Average Balance � Interest Income/ Expense � Average Yield/ Rate �

AverageBalance

� Interest Income/ Expense � Average Yield/ Rate �

INTEREST-EARNING ASSETS

� Loans: Real Estate Loans: Commercial Property $ 914,632 $ 12,937 5.74 % $ 902,367 $ 14,074 6.20 % $ 790,350 $ 14,480 7.37 % Construction 180,026 1,547 3.49 % 186,080 1,881 4.02 % 217,609 2,893 5.35 % Residential Property � 90,490 � � 1,163 � 5.21 % � 91,366 � � 1,174 5.11 % � 89,512 � � 1,170 5.26 % Total Real Estate Loans 1,185,148 15,647 5.35 % 1,179,813 17,129 5.78 % 1,097,471 18,543 6.80 % Commercial and Industrial Loans 2,083,951 28,237 5.50 % 2,104,820 32,691 6.18 % 2,117,501 40,125 7.62 % Consumer Loans � 81,244 � � 1,153 � 5.76 % � 83,411 � � 1,353 6.45 % � 90,280 � � 1,625 7.24 % Total Gross Loans 3,350,343 45,037 5.45 % 3,368,044 51,173 6.04 % 3,305,252 60,293 7.34 % Prepayment Penalty Income

--

48

--

--

132

--

--

305

--

Unearned Income on Loans, Net of Costs � (1,258 ) �

--

�

--

� � (1,443 ) �

--

--

� � (2,111 ) �

--

--

� Gross Loans, Net � 3,349,085 � � 45,085 � 5.46 % � 3,366,601 � � 51,305 6.06 % � 3,303,141 � � 60,598 7.38 % � Investment Securities: Municipal Bonds 58,886 643 4.37 % 59,718 646 4.33 % 71,879 759 4.22 % U.S. Government Agency Securities 9,578 96 4.01 % 21,720 201 3.70 % 109,860 1,245 4.53 % Mortgage-Backed Securities 75,716 895 4.73 % 79,821 971 4.87 % 97,088 1,176 4.85 % Collateralized Mortgage Obligations 33,631 348 4.14 % 37,853 403 4.26 % 49,932 534 4.28 % Corporate Bonds 159 (22 ) -55.35 % 1,688 46 10.90 % 9,509 109 4.59 % Other Securities � 4,314 � � 33 � 3.06 % � 4,505 � � 23 2.04 % � 3,855 � � 52 5.40 % Total Investment Securities � 182,284 � � 1,993 � 4.37 % � 205,305 � � 2,290 4.46 % � 342,123 � � 3,875 4.53 % � Other Interest-Earning Assets: Equity Securities 41,727 153 1.49 % 42,551 437 4.09 % 33,490 414 4.97 % Federal Funds Sold 94,585 82 0.35 % 14,410 29 0.80 % 10,896 83 3.06 % Term Federal Funds Sold 138,344 700 2.05 % 7,609 43 2.25 %

--

--

--

Interest-Earning Deposits � 161 � � 2 � 5.04 % � 756 � � 5 2.63 % �

--

� �

--

--

� Total Other Interest-Earning Assets � 274,817 � � 937 � 1.38 % � 65,326 � � 514 3.13 % � 44,386 � � 497 4.50 % � TOTAL INTEREST-EARNING ASSETS $ 3,806,186 � $ 48,015 � 5.12 % $ 3,637,232 � $ 54,109 5.92 % $ 3,689,650 � $ 64,970 7.08 % � INTEREST-BEARING LIABILITIES � Interest-Bearing Deposits: Savings $ 82,029 $ 505 2.50 % $ 83,777 $ 506 2.40 % $ 92,467 $ 527 2.29 % Money Market Checking and NOW Accounts 343,354 1,854 2.19 % 506,062 3,963 3.12 % 557,493 4,660 3.36 % Time Deposits of $100,000 or More 1,078,650 10,322 3.88 % 754,081 8,162 4.31 % 1,354,466 15,687 4.66 % Other Time Deposits � 1,171,246 � � 10,104 � 3.50 % � 966,965 � � 7,023 2.89 % � 339,645 � � 3,973 4.70 % Total Interest-Bearing Deposits � 2,675,279 � � 22,785 � 3.45 % � 2,310,885 � � 19,654 3.38 % � 2,344,071 � � 24,847 4.26 % � Borrowings: FHLB Advances and Other Borrowings 357,647 1,112 1.26 % 520,432 2,623 2.01 % 470,732 4,477 3.83 % Junior Subordinated Debentures � 82,406 � � 988 � 4.86 % � 82,406 � � 1,293 6.24 % � 82,406 � � 1,449 7.07 % Total Borrowings � 440,053 � � 2,100 � 1.94 % �

602,838

� � 3,916 2.58 % � 553,138 � � 5,926 4.31 % � TOTAL INTEREST-BEARING LIABILITIES $ 3,115,332 � $ 24,885 � 3.24 % $ 2,913,723 � $ 23,570 3.22 % $ 2,897,209 � $ 30,773 4.27 % � NET INTEREST INCOME $ 23,130 � $ 30,539 $ 34,197 � NET INTEREST SPREAD 1.88 % 2.70 % 2.81 % � NET INTEREST MARGIN 2.46 % 3.34 % 3.73 %