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Regulatory Matters | 6 Months Ended
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Jun. 30, 2020
Regulatory Capital Requirements Under Banking Regulations [Abstract] |
Regulatory Matters | Note 10 — Regulatory Matters Federal bank regulatory agencies require bank holding companies and banks to maintain a minimum ratio of qualifying total capital to risk-weighted assets of 8.0 percent and a minimum ratio of Tier 1 capital to risk-weighted assets of 6.0 percent. In addition to the risk-based guidelines, federal bank regulatory agencies require bank holding companies and banks to maintain a minimum ratio of Tier 1 capital to average assets, referred to as the leverage ratio, of 4.0 percent. In order for banks to be considered “well capitalized,” federal bank regulatory agencies require a minimum ratio of qualifying total capital to risk-weighted assets of 10.0 percent and a minimum ratio of Tier 1 capital to risk-weighted assets of 8.0 percent. In addition to the risk-based guidelines, federal bank regulatory agencies require depository institutions to maintain a minimum ratio of Tier 1 capital to average assets, referred to as the leverage ratio, of 5.0 percent. At June 30, 2020, the Bank’s capital ratios exceeded the minimum requirements for the Bank to be considered “well capitalized” and the Company exceeded all of its applicable minimum regulatory capital ratio requirements. A capital conservation buffer of 2.5 percent became effective on January 1, 2019, and must be met to avoid limitations on the ability of the Bank to pay dividends, repurchase shares or pay discretionary bonuses. The Bank's capital conservation buffer was 5.62 percent and 6.64 percent and the Company's capital conservation buffer was 4.86 percent and 5.78 percent as of June 30, 2020 and December 31, 2019, respectively. In March 2020, the OCC, the Board of Governors of the Federal Reserve System, and the FDIC announced an interim final rule to delay the impact on regulatory capital arising from the implementation of CECL. The interim final rule maintains the three-year transition option in the previous rule and provides banks the option to delay for two years an estimate of CECL’s effect on regulatory capital, relative to the incurred loss methodology’s effect on regulatory capital, followed by a three-year transition period (five-year transition option). The Company and the Bank adopted the capital transition relief over the permissible five-year period. The capital ratios of Hanmi Financial and the Bank as of June 30, 2020 and December 31, 2019 were as follows:
|  |  |  |  |  |  |  |  |  | Minimum |  |  | Minimum to Be |
|  |  |  |  |  |  |  |  |  | Regulatory |  |  | Categorized as |
|  | Actual |  |  | Requirement |  |  | “Well Capitalized” |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
|  | (in thousands) |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk-weighted assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanmi Financial |  | $ | 717,493 |  |  |  | 14.04 | % |  | $ | 408,870 |  |  |  | 8.00 | % |  | N/A |  |  | N/A |
Hanmi Bank |  | $ | 695,899 |  |  |  | 13.62 | % |  | $ | 408,716 |  |  |  | 8.00 | % |  | $ | 510,895 |  |  |  | 10.00 | %
Tier 1 capital (to risk-weighted assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanmi Financial |  | $ | 554,813 |  |  |  | 10.86 | % |  | $ | 306,652 |  |  |  | 6.00 | % |  | N/A |  |  | N/A |
Hanmi Bank |  | $ | 631,681 |  |  |  | 12.36 | % |  | $ | 306,537 |  |  |  | 6.00 | % |  | $ | 408,716 |  |  |  | 8.00 | %
Common equity Tier 1 capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanmi Financial |  | $ | 534,582 |  |  |  | 10.46 | % |  | $ | 229,989 |  |  |  | 4.50 | % |  | N/A |  |  | N/A |
Hanmi Bank |  | $ | 631,681 |  |  |  | 12.36 | % |  | $ | 229,903 |  |  |  | 4.50 | % |  | $ | 332,082 |  |  |  | 6.50 | %
Tier 1 capital (to average assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanmi Financial |  | $ | 554,813 |  |  |  | 9.69 | % |  | $ | 229,116 |  |  |  | 4.00 | % |  | N/A |  |  | N/A |
Hanmi Bank |  | $ | 631,681 |  |  |  | 11.03 | % |  | $ | 229,017 |  |  |  | 4.00 | % |  | $ | 286,271 |  |  |  | 5.00 | %
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk-weighted assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanmi Financial |  | $ | 714,288 |  |  |  | 15.11 | % |  | $ | 378,059 |  |  |  | 8.00 | % |  | N/A |  |  | N/A |
Hanmi Bank |  | $ | 691,024 |  |  |  | 14.64 | % |  | $ | 377,516 |  |  |  | 8.00 | % |  | $ | 471,895 |  |  |  | 10.00 | %
Tier 1 capital (to risk-weighted assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanmi Financial |  | $ | 556,820 |  |  |  | 11.78 | % |  | $ | 283,544 |  |  |  | 6.00 | % |  | N/A |  |  | N/A |
Hanmi Bank |  | $ | 631,978 |  |  |  | 13.39 | % |  | $ | 283,137 |  |  |  | 6.00 | % |  | $ | 377,516 |  |  |  | 8.00 | %
Common equity Tier 1 capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanmi Financial |  | $ | 536,781 |  |  |  | 11.36 | % |  | $ | 212,658 |  |  |  | 4.50 | % |  | N/A |  |  | N/A |
Hanmi Bank |  | $ | 631,978 |  |  |  | 13.39 | % |  | $ | 212,353 |  |  |  | 4.50 | % |  | $ | 306,732 |  |  |  | 6.50 | %
Tier 1 capital (to average assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanmi Financial |  | $ | 556,820 |  |  |  | 10.15 | % |  | $ | 219,367 |  |  |  | 4.00 | % |  | N/A |  |  | N/A |
Hanmi Bank |  | $ | 631,978 |  |  |  | 11.56 | % |  | $ | 218,748 |  |  |  | 4.00 | % |  | $ | 273,435 |  |  |  | 5.00 | %

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- Definition Regulatory capital requirements under banking regulations. + References No definition available. + Details
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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
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