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Accounting for Investments in Qualified Affordable Housing Projects (Tables) | 6 Months Ended
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Jun. 30, 2014
Accounting Changes And Error Corrections [Abstract] |
Summary of Change in Accounting Principle on Balance Sheets | The following tables present the effect of the retrospective application of this change in accounting principle on the Company’s Balance Sheets, Statement of Income and Statement of Cash Flows for the respective periods: Hanmi Financial Corporations and Subsidiaries Consolidated Balance Sheet (Unaudited)
|  | As of December 31, 2013 |
|  | As Previously Reported |  |  | Effect of Change in Accounting Principle |  |  | As Adjusted |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 179,357 |  |  | $ | — |  |  | $ | 179,357 |
Securities available for sale |  |  | 530,926 |  |  |  | — |  |  |  | 530,926 |
Loans receivable |  |  | 2,177,498 |  |  |  | — |  |  |  | 2,177,498 |
Income tax assets |  |  | 63,536 |  |  |  | 305 |  |  |  | 63,841 |
Other assets |  |  | 104,222 |  |  |  | (1,465 | ) |  |  | 102,757 |
Total assets |  | $ | 3,055,539 |  |  | $ | (1,160 | ) |  | $ | 3,054,379 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  | $ | 2,654,302 |  |  | $ | — |  |  | $ | 2,654,302 |
Stockholders’ equity |  |  | 401,237 |  |  |  | (1,160 | ) |  |  | 400,077 |
Total liabilities and stockholders’ equity |  | $ | 3,055,539 |  |  | $ | (1,160 | ) |  | $ | 3,054,379 |
Summary of Change in Accounting Principle on Statements of Income | Hanmi Financial Corporations and Subsidiaries Consolidated Statement of Income (Unaudited)
|  | For the Three Months Ended June 30, 2013 |
|  | As Previously Reported |  |  | Effect of Change in Accounting Principle |  |  | As Adjusted |
|  | (In thousands, except per share data) |
Interest and dividend income |  | $ | 30,379 |  |  | $ | — |  |  | $ | 30,379 |
Interest expense |  |  | 3,225 |  |  |  | — |  |  |  | 3,225 |
Net interest income |  | $ | 27,154 |  |  | $ | — |  |  | $ | 27,154 |
Non-interest income |  |  | 6,738 |  |  |  | — |  |  |  | 6,738 |
Non-interest expense |  |  | 18,796 |  |  |  | (189 | ) |  |  | 18,607 |
Income before provision for income taxes |  | $ | 15,096 |  |  | $ | 189 |  |  | $ | 15,285 |
Provision for income taxes |  |  | 5,737 |  |  |  | 221 |  |  |  | 5,958 |
Income from continuing operations |  | $ | 9,359 |  |  | $ | (32 | ) |  | $ | 9,327 |
Earnings per share from continuing operations |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.30 |  |  | $ | — |  |  | $ | 0.30 |
Diluted |  | $ | 0.29 |  |  | $ | — |  |  | $ | 0.29 |
|  | For the Six Months Ended June 30, 2013 |
|  | As Previously Reported |  |  | Effect of Change in Accounting Principle |  |  | As Adjusted |
|  | (In thousands, except per share data) |
Interest and dividend income |  | $ | 59,774 |  |  | $ | — |  |  | $ | 59,774 |
Interest expense |  |  | 7,016 |  |  |  | — |  |  |  | 7,016 |
Net interest income |  | $ | 52,758 |  |  | $ | — |  |  | $ | 52,758 |
Non-interest income |  |  | 13,887 |  |  |  | — |  |  |  | 13,887 |
Non-interest expense |  |  | 36,640 |  |  |  | (377 | ) |  |  | 36,263 |
Income before provision for income taxes |  | $ | 30,005 |  |  | $ | 377 |  |  | $ | 30,382 |
Provision for income taxes |  |  | 10,465 |  |  |  | 461 |  |  |  | 10,926 |
Income from continuing operations |  | $ | 19,540 |  |  | $ | (84 | ) |  | $ | 19,456 |
Earnings per share from continuing operations |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.62 |  |  | $ | — |  |  | $ | 0.62 |
Diluted |  | $ | 0.62 |  |  | $ | — |  |  | $ | 0.62 |
Summary of Change in Accounting Principle on Statements of Cash Flows | Hanmi Financial Corporations and Subsidiaries Consolidated Statement of Cash Flows (Unaudited)
|  | For the Six Months Ended June 30, 2013 |
|  | As Previously |  |  | Effect of Change in |  |  |  |
|  | Reported |  |  | Accounting Principle |  |  | As Adjusted |
|  | (In thousands) |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 19,629 |  |  | $ | (84 | ) |  | $ | 19,545 |
Total adjustment in net income |  |  | 10,313 |  |  |  | 84 |  |  |  | 10,397 |
Net cash provided by operating activities |  | $ | 29,942 |  |  | $ | — |  |  | $ | 29,942 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in investing activities |  |  | (103,814 | ) |  |  | — |  |  |  | (103,814 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in financing activities |  |  | (116,315 | ) |  |  | — |  |  |  | (116,315 | )
Net decrease in cash and cash equivalents |  | $ | (190,187 | ) |  | $ | — |  |  | $ | (190,187 | )
Cash and cash equivalents at beginning of period |  |  | 268,047 |  |  |  | — |  |  |  | 268,047 |
Cash and cash equivalents at end of period |  | $ | 77,860 |  |  | $ | — |  |  | $ | 77,860 |

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