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Accounting for Investments in Qualified Affordable Housing Projects (Tables) | 9 Months Ended
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Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract] |
Summary of Change in Accounting Principle on Balance Sheets | 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 Statements of Income (Unaudited)
|  | For the Three Months Ended September 30, 2013 |
|  | As Previously Reported |  |  | Effect of Change in Accounting Principle |  |  | As Adjusted |
|  | (In thousands, except per share data) |
Interest and dividend income |  | $ | 31,627 |  |  | $ | — |  |  | $ | 31,627 |
Interest expense |  |  | 3,153 |  |  |  | — |  |  |  | 3,153 |
Net interest income |  | $ | 28,474 |  |  | $ | — |  |  | $ | 28,474 |
Noninterest income |  |  | 6,059 |  |  |  | — |  |  |  | 6,059 |
Noninterest expense |  |  | 17,811 |  |  |  | (175 | ) |  |  | 17,636 |
Income before provision for income taxes |  | $ | 16,722 |  |  | $ | 175 |  |  | $ | 16,897 |
Provision for income taxes |  |  | 6,542 |  |  |  | 40 |  |  |  | 6,582 |
Income from continuing operations |  | $ | 10,180 |  |  | $ | 135 |  |  | $ | 10,315 |
Earnings per share from continuing operations |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.32 |  |  | $ | 0.01 |  |  | $ | 0.33 |
Diluted |  | $ | 0.32 |  |  | $ | 0.01 |  |  | $ | 0.33 |
|  | For the Nine Months Ended September 30, 2013 |
|  | As Previously Reported |  |  | Effect of Change in Accounting Principle |  |  | As Adjusted |
|  | (In thousands, except per share data) |
Interest and dividend income |  | $ | 91,401 |  |  | $ | — |  |  | $ | 91,401 |
Interest expense |  |  | 10,169 |  |  |  | — |  |  |  | 10,169 |
Net interest income |  | $ | 81,232 |  |  | $ | — |  |  | $ | 81,232 |
Noninterest income |  |  | 19,945 |  |  |  | — |  |  |  | 19,945 |
Noninterest expense |  |  | 54,451 |  |  |  | (553 | ) |  |  | 53,898 |
Income before provision for income taxes |  | $ | 46,726 |  |  | $ | 553 |  |  | $ | 47,279 |
Provision for income taxes |  |  | 17,008 |  |  |  | 502 |  |  |  | 17,510 |
Income from continuing operations |  | $ | 29,718 |  |  | $ | 51 |  |  | $ | 29,769 |
Earnings per share from continuing operations |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.94 |  |  | $ | — |  |  | $ | 0.94 |
Diluted |  | $ | 0.94 |  |  | $ | — |  |  | $ | 0.94 |
Summary of Change in Accounting Principle on Statements of Cash Flows | Hanmi Financial Corporations and Subsidiaries Consolidated Statement of Cash Flows (Unaudited)
|  | For the Nine Months Ended September 30, 2013 |
|  | As Previously Reported |  |  | Effect of Change in Accounting Principle |  |  | As Adjusted |
|  | (In thousands) |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 29,879 |  |  | $ | 51 |  |  | $ | 29,930 |
Total adjustment in net income |  |  | 18,098 |  |  |  | (51 | ) |  |  | 18,047 |
Net cash provided by operating activities |  | $ | 47,977 |  |  | $ | — |  |  | $ | 47,977 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in investing activities |  |  | (71,768 | ) |  |  | — |  |  |  | (71,768 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in financing activities |  |  | (50,402 | ) |  |  | — |  |  |  | (50,402 | )
Net decrease in cash and cash equivalents |  | $ | (74,193 | ) |  | $ | — |  |  | $ | (74,193 | )
Cash and cash equivalents at beginning of period |  |  | 268,047 |  |  |  | — |  |  |  | 268,047 |
Cash and cash equivalents at end of period |  | $ | 193,854 |  |  | $ | — |  |  | $ | 193,854 |

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