Hanmi Financial (US:HAFC)2023-01-24 23:09Financial Performance - Net interest income increased by 2.3% from the prior quarter to $64.6 million[9] - Noninterest expense increased by 1.7% from the prior quarter to $33.8 million[5,88] - Net income was $28.5 million, up 4.8% from $27.2 million in the prior quarter, but down 14.6% from $33.3 million in 4Q21[14,129,154] - Deposits decreased by 0.5% from the prior quarter to $6.17 billion[5,47] - Noninterest income decreased by 16.3% from the prior quarter to $7.5 million[101,158] Loan Portfolio - Loan production was $473.8 million with an average rate of 6.85%[9,16,27] - Loans receivable increased by 2.9% from the prior quarter to $5.97 billion[148,158] - Commercial Real Estate (CRE) represents 64% of the total loan portfolio, with C&I representing 14%[25] - Residential Real Estate (RRE) portfolio was $734.5 million, representing 12% of the total loan portfolio[43] Capital and Asset Quality - Tangible common equity to tangible assets was 8.50%[9,141] - Common equity tier 1 capital ratio was 11.37%[9,144] - Total capital ratio was 14.49%[9,123] - Allowance for credit losses to loans was 1.20% at December 31, 2022[94,158]