Hanmi Financial (US:HAFC)2021-04-30 11:36Financial Performance - Net income was $16.7 million, up 16.3% from $14.3 million in the prior quarter[5, 10] - Diluted EPS was $0.54, compared to $0.47 in the previous quarter[5] - ROAA was 1.08%[5] - NIM was 3.09%[5] - Efficiency Ratio was 52.92%[5] Balance Sheet - Loans receivable totaled $4.82 billion, slightly down 1.3% from the prior quarter[5, 8] - Deposits reached $5.51 billion, up 4.5% from the previous quarter, with noninterest-bearing demand deposits up 14.5%[5, 9] - Total assets were $6.438 billion, a 3.8% increase from the prior quarter[7] Loan Portfolio - Commercial Real Estate (CRE) portfolio outstanding was $3.372 billion with an average size of $1.7 million and a QTD average yield of 4.34%[11] - The hospitality segment represents $888 million, or 18%, of the total loan portfolio[13] - Criticized loans increased by 12% quarter-over-quarter[27] Asset Quality - Allowance for credit losses (ACL) was $88.4 million, representing 1.83% of total loans[23, 25] - Nonaccrual loans decreased by 34% quarter-over-quarter[30] Non-GAAP Measures - Tangible common equity to tangible assets ratio was 8.87% (9.27% excluding PPP loans)[5]