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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | Note 25 — Quarterly Financial Data (Unaudited) Summarized quarterly financial data is shown in the following tables:
|  | Quarter Ended |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
|  | (In thousands, except per share data) |
2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 30,367 |  |  | $ | 30,343 |  |  | $ | 34,562 |  |  | $ | 41,462 |
Interest expense |  |  | 3,269 |  |  |  | 3,183 |  |  |  | 3,475 |  |  |  | 4,106 |
Net interest income before provision for credit losses |  |  | 27,098 |  |  |  | 27,160 |  |  |  | 31,087 |  |  |  | 37,356 |
(Negative) provision for credit losses |  |  | (3,300 | ) |  |  | (3,866 | ) |  |  | — |  |  |  | 1,026 |
Non-interest income |  |  | 6,214 |  |  |  | 5,487 |  |  |  | 21,611 |  |  |  | 8,984 |
Non-interest expense |  |  | 17,800 |  |  |  | 18,138 |  |  |  | 25,530 |  |  |  | 37,085 |
Income before provision for income taxes |  |  | 18,812 |  |  |  | 18,375 |  |  |  | 27,168 |  |  |  | 8,229 |
Provision for income taxes |  |  | 7,844 |  |  |  | 6,866 |  |  |  | 5,368 |  |  |  | 2,301 |
Net income from continuing operations, net of taxes |  | $ | 10,968 |  |  | $ | 11,509 |  |  | $ | 21,800 |  |  | $ | 5,928 |
Income (loss) from discontinued operations |  |  | 23 |  |  |  | (467 | ) |  |  | — |  |  |  | — |
Net income |  | $ | 10,991 |  |  | $ | 11,042 |  |  | $ | 21,800 |  |  | $ | 5,928 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of taxes |  | $ | 0.34 |  |  | $ | 0.36 |  |  | $ | 0.69 |  |  | $ | 0.19 |
Loss from discontinued operations, net of taxes |  |  | — |  |  |  | (0.01 | ) |  |  | — |  |  |  | — |
Basic earnings per share |  | $ | 0.34 |  |  | $ | 0.35 |  |  | $ | 0.69 |  |  | $ | 0.19 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of taxes |  | $ | 0.34 |  |  | $ | 0.36 |  |  | $ | 0.68 |  |  | $ | 0.19 |
Loss from discontinued operations, net of taxes |  |  | — |  |  |  | (0.01 | ) |  |  | — |  |  |  | — |
Diluted earnings per share |  | $ | 0.34 |  |  | $ | 0.35 |  |  | $ | 0.68 |  |  | $ | 0.19 |
2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 28,647 |  |  | $ | 29,598 |  |  | $ | 30,807 |  |  | $ | 30,088 |
Interest expense |  |  | 3,791 |  |  |  | 3,225 |  |  |  | 3,153 |  |  |  | 3,338 |
Net interest income before provision for credit losses |  |  | 24,856 |  |  |  | 26,373 |  |  |  | 27,654 |  |  |  | 26,750 |
Provision for credit losses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Non-interest income |  |  | 7,568 |  |  |  | 7,103 |  |  |  | 6,464 |  |  |  | 6,765 |
Non-interest expense |  |  | 17,327 |  |  |  | 18,191 |  |  |  | 17,221 |  |  |  | 18,278 |
Income before provision for income taxes |  |  | 15,097 |  |  |  | 15,285 |  |  |  | 16,897 |  |  |  | 15,237 |
Provision for income taxes |  |  | 4,970 |  |  |  | 5,958 |  |  |  | 6,582 |  |  |  | 5,222 |
Net income from continuing operations, net of taxes |  | $ | 10,127 |  |  | $ | 9,327 |  |  | $ | 10,315 |  |  | $ | 10,015 |
Loss (income) from discontinued operations |  |  | (72 | ) |  |  | 160 |  |  |  | 70 |  |  |  | (85 | )
Net income |  | $ | 10,055 |  |  | $ | 9,487 |  |  | $ | 10,385 |  |  | $ | 9,930 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of taxes |  | $ | 0.32 |  |  | $ | 0.30 |  |  | $ | 0.33 |  |  | $ | 0.31 |
Income from discontinued operations, net of taxes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Basic earnings per share |  | $ | 0.32 |  |  | $ | 0.30 |  |  | $ | 0.33 |  |  | $ | 0.31 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of taxes |  | $ | 0.33 |  |  | $ | 0.29 |  |  | $ | 0.33 |  |  | $ | 0.31 |
(Loss) income from discontinued operations, net of taxes |  |  | (0.01 | ) |  |  | 0.01 |  |  |  | — |  |  |  | — |
Diluted earnings per share |  | $ | 0.32 |  |  | $ | 0.30 |  |  | $ | 0.33 |  |  | $ | 0.31 |
Hanmi’s acquisition of Central Bancorp, Inc. (“CBI”), the parent company of United Central Bank, was completed on August 31, 2014. The combined companies began operating as Hanmi Financial Corporation and Hanmi Bank, respectively, with banking operations conducted under the Hanmi Bank brand effective as of September 1, 2014. The 2014 financial results reflect eight months of stand-alone operations of Hanmi and four months of combined operations. Hanmi’s accounting for this business combination is incomplete and has been recorded based on provisional amounts. The accounting is updated during the measurement period to reflect new information obtained about facts and circumstances that existed at the acquisition date. Adjustments to the provisional amounts during the measurement period are recognized as retrospective adjustments as of the date of the acquisition. During the fourth quarter Hanmi updated the valuation of assets and liabilities acquired in the transaction. As a result, the provisional values of certain assets and liabilities reported in the third quarter of 2014 have been updated to reflect the changes in estimated values. The results as of and for the quarter ended September 30, 2014, included herein, have been adjusted retrospectively to reflect measurement period adjustments to the provisional acquisition accounting values as of the acquisition date. The changes in provisional values resulted in a retrospective adjustment of $8.0 million to the bargain purchase gain that was provisionally reported for the third quarter of 2014 for a total bargain purchase gain of $14.6 million. This retrospective adjustment revises the reported third quarter net income to $21.8 million from $13.3 million as previously reported.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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