Hanmi Financial (HAFC) 8-K Hanmi Financial Corporation Reports First-Quarter 2009 Financial Results

Exhibit 99.1

Hanmi Financial Corporation Reports
First-Quarter 2009 Financial Results

LOS ANGELES — April 28, 2009 — 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.

-1-

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.

-2-

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.

-3-

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 atwww.hanmifinancial.com.

Contact

Hanmi Financial Corporation

BRIAN E. CHO	STEPHANIE YOON
Chief Financial Officer	Investor Relations
(213) 368-3200	(213) 427-5631

(Financial Tables Follow)

-4-

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	)%

-5-

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

-6-

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	%

-7-

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	%

-8-

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

-9-