##### Table of Contents



UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
  FORM 10-K
   x

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE 
    ACT OF 1934For the Fiscal
    Year Ended December 31, 2010oro

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE  ACT OF 1934For the Transition Period From
    
    To   Commission File
    Number:     000-30421
  HANMI FINANCIAL
    CORPORATION
  (Exact Name of Registrant as
    Specified in its Charter)
  Delaware

95-4788120(State
    or Other Jurisdiction of Incorporation or
    Organization)

(I.R.S. Employer Identification
    No.)3660 Wilshire Boulevard, Penthouse Suite A
    Los Angeles, California

90010(Address of Principal Executive
    Offices)

(Zip Code)   (213)
    382-2200
   (Registrants Telephone
    Number, Including Area Code)
  Securities Registered Pursuant to
    Section 12(b) of the Act:
  Title of Each Class

Name of Each Exchange on Which RegisteredCommon Stock, $0.001 Par Value

NASDAQ Global Select Market   Securities
    Registered Pursuant to Section 12(g) of the Act:
    None
  (Title of Class)
  o x
  o x
  x o
  Regulation S-T o o
  Regulation S-K Form 10-K Form 10-K. o
  12b-2
 Large accelerated filer

o



Accelerated filer

xNon-accelerated
    filer

o

(Do not check if a smaller reporting company)

Smaller reporting company

o   Rule 12b-2 o x
      Documents Incorporated By Reference Herein: Form 10-K).




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##### 



HANMI
    FINANCIAL CORPORATION
  ANNUAL
    REPORT ON
    FORM 10-K
    FOR THE FISCAL YEAR ENDED DECEMBER 31, 2010
  TABLE OF
    CONTENTS
   
 PageCautionary Note Regarding Forward-Looking
    Statements


1PART IItem 1.


Business


3Item 1A.


Risk Factors


32Item 1B.


Unresolved Staff Comments


45Item 2.


Properties


46Item 3.


Legal Proceedings


47Item 4.


Removed and Reserved


47PART IIItem 5.


Market for Registrants Common Equity,
    Related Stockholder Matters and Issuer Purchases of Equity
    Securities


47Item 6.


Selected Financial Data


50Item 7.


Managements Discussion and Analysis of
    Financial Condition and Results of Operations


53Item 7A.


Quantitative and Qualitative Disclosures About
    Market Risk


87Item 8.


Financial Statements and Supplementary Data


87Item 9.


Changes In and Disagreements With Accountants on
    Accounting and Financial Disclosure


87Item 9A.


Controls and Procedures


87Item 9B.


Other Information


91PART IIIItem 10.


Directors, Executive Officers and Corporate
    Governance


91Item 11.


Executive Compensation


91Item 12.


Security Ownership of Certain Beneficial Owners
    and Management and Related Stockholder Matters


91Item 13.


Certain Relationships and Related Transactions,
    and Director Independence


92Item 14.


Principal Accountant Fees and Services


92PART IVItem 15.


Exhibits, Financial Statement Schedules


93Index to Consolidated Financial
    Statements


94Report of Independent Registered
    Public Accounting Firm


95Consolidated Balance Sheets as of
    December 31, 2010 and 2009


96Consolidated Statements of Operations
    for the Years Ended December 31, 2010, 2009 and 2008


97Consolidated Statements of Changes in
    Stockholders Equity and Comprehensive Income for the Years
    Ended December 31, 2010, 2009 and 2008


98Consolidated Statements of Cash Flows
    for the Years Ended December 31, 2010, 2009 and 2008


99Notes to Consolidated Financial
    Statements


100Signatures


163Exhibit Index


164EX-4EX-10.29EX-10.30EX-10.35EX-23EX-31.1EX-31.2EX-32.1EX-32.2




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CAUTIONARY
    NOTE REGARDING FORWARD-LOOKING STATEMENTS  Item 1.
    Business, Item 7. Managements Discussion
    and Analysis of Financial Condition and Results of
    Operations Form 10-K Form 10-K
  
    our ability to continue as going concern;
    closure of Hanmi Bank and appointment of the Federal Deposit
    Insurance Corporation as receiver;
    failure to complete the transaction contemplated by the
    securities purchase agreement with Woori Finance Holdings Co.,
    Ltd.;
    failure to raise enough capital to support our operations or
    meet our regulatory requirements;
    failure to maintain adequate levels of capital to support our
    operations;
    a significant number of customers failing to perform under their
    loans and other terms of credit agreements;
    our compliance with and the effect of regulatory orders we have
    entered into and potential future supervisory or governmental
    actions against us or Hanmi Bank;
    fluctuations in interest rates and a decline in the level of our
    interest rate spread;
    failure to attract or retain deposits and restrictions on taking
    brokered deposits;
    sources of liquidity available to us and to Hanmi Bank becoming
    limited or our potential inability to access sufficient sources
    of liquidity when needed or the requirement that we obtain
    government waivers to do so;
    adverse changes in domestic or global financial markets,
    economic conditions or business conditions;
    regulatory restrictions on Hanmi Banks ability to pay
    dividends to us and on our ability to make payments on our
    obligations;
    significant reliance on loans secured by real estate and the
    associated vulnerability to downturns in the local real estate
    market, natural disasters and other variables impacting the
    value of real estate;
    failure to attract or retain our key employees; 1




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
    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;
    volatility and disruption in financial, credit and securities
    markets, and the price of our common stock;
    deterioration in financial markets that may result in impairment
    charges relating to our securities portfolio;
    competition in our primary market areas;.
    demographic changes in our primary market areas;
    global hostilities, acts of war or terrorism, including but not
    limited to, conflict between North and South Korea;
    the effects of climate change and attendant regulation on our
    customers and borrowers;
    the effects of litigation against us;
    significant government regulations, legislation and potential
    changes thereto; and
    other risks described herein and in the other reports and
    statements we file with the SEC.  Item 1A. Risk Factors, Item 7.
    Managements Discussion and Analysis of Financial Condition
    and Results of Operations  Interest Rate Risk
    Management  Capital Resources
    and Liquidity.
 2




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PART I  ITEM 1.
    BUSINESS  General
  (213) 382-2200.
    Korean-American
      Year Ended December 31,2010


2009


2008(Dollars in Thousands)Interest and Fees on Loans

$
137,328



80.8
%

$
173,318



80.1
%

$
223,942



82.6
%Interest and Dividends on Investments


6,631



3.9
%


8,634



4.0
%


14,022



5.2
%Other Interest Income


553



0.3
%


2,195



1.0
%


219



0.1
%Service Charges on Deposit Accounts


14,049



8.3
%


17,054



7.9
%


18,463



6.8
%Other Non-Interest Income


11,357



6.7
%


15,056



7.0
%


14,391



5.3
%Total Revenues

$
169,918



100.0
%

$
216,257



100.0
%

$
271,037



100.0
%   Going
    Concern
   3




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Regulatory
    Enforcement Action
      Ratio of Tangible ShareholdersDate

Equity to Total Tangible AssetsBy July 31, 2010

Not Less Than 9.0 PercentFrom December 31, 2010 and Until the Final Order is
    Terminated

Not Less Than 9.5 Percent  4




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Agreement
    with Woori
    Market
    Area
  Korean-American
  Lending
    Activities
    Real
    Estate Loans
   5




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Commercial
    Property
    loan-to-value The Wall Street Journal
    Construction
    
    maturities of two years or less;
    a floating rate of interest based on the Bank Prime Rate or the
    WSJ Prime Rate;
    minimum cash equity of 35 percent of project cost;
    reserve of anticipated interest costs during construction or
    advance of fees; 6




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
    first lien position on the underlying real estate;
    loan-to-value
    ratios at time of origination generally not exceeding
    65 percent; and
    recourse against the borrower or a guarantor in the event of
    default.  case-by-case
  
    the uncertain value of the project prior to completion;
    the inherent uncertainty in estimating construction costs, which
    are often beyond the borrowers control;
    construction delays and cost overruns;
    possible difficulties encountered in connection with municipal
    or other governmental regulations during construction; and
    the difficulty in accurately evaluating the market value of the
    completed project.    Residential
    Property
    Commercial
    and Industrial Loans
   7




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Commercial
    Term Loans
    Commercial
    Lines of Credit
    SBA
    Loans
     8




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International
    Trade Finance
    Consumer
    Loans
  debt-to-income
    Off-Balance
    Sheet Commitments
    Lending
    Procedures and Loan Limits
   9




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and/or
  Allowance
    for Loan Losses, Allowance for Off-Balance Sheet Items and
    Provision for Credit Losses
    and/or
  Deposits
    Website
  www.hanmi.com Form 10-K, Form 10-Q, Form 8-K Form 10-K
 10




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1-800-SEC-0330. www.sec.gov
  Employees
    Insurance
    Competition
  and/or
      Korean-American
   11




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Economic
    Legislative and Regulatory Developments
          The
    Dodd-Frank Wall Street Reform and Consumer Protection
    Act
   12




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(i)
    the creation of a Financial Services Oversight Counsel to
    identify emerging systemic risks and improve interagency
    cooperation;(ii)
    expanded FDIC resolution authority to conduct the orderly
    liquidation of certain systemically significant non-bank
    financial companies in addition to depository institutions;(iii)
    the establishment of strengthened capital and liquidity
    requirements for banks and bank holding companies, including
    minimum leverage and risk-based capital requirements no less
    than the strictest requirements in effect for depository
    institutions as of the date of enactment;(iv)
    the requirement by statute that bank holding companies serve as
    a source of financial strength for their depository institution
    subsidiaries;(v)
    enhanced regulation of financial markets, including the
    derivative and securitization markets, and the elimination of
    certain proprietary trading activities by banks;(vi)
    the termination of investments by the U.S. Treasury under
    TARP;(vi)
    the elimination and phase out of trust preferred securities
    (TRUPS) from Tier 1 capital with certain exceptions;  (vii)
    a permanent increase of the previously implemented temporary
    increase of FDIC deposit insurance to $250,000 and an extension
    of federal deposit coverage until January 1, 2013 for the
    full net amount held by depositors in non-interesting bearing
    transaction accounts;  (ix)
    authorization for financial institutions to pay interest on
    business checking accounts;(x)
    changes in the calculation of FDIC deposit insurance
    assessments, such that the assessment base will no longer be the
    institutions deposit base, but instead, will be its
    average consolidated total assets less its average tangible
    equity and an increase in the minimum insurance ratio for the
    Deposit Insurance Fund (DIF) from 1.15% to 1.35%;(xi)
    the elimination of remaining barriers to de novo interstate
    branching by banks;  (xii)
    expanded restrictions on transactions with affiliates and
    insiders under Section 23A and 23B of the Federal Reserve
    Act and lending limits for derivative transactions, repurchase
    agreements and securities lending and borrowing transactions;(xiii)
    the transfer of oversight of federally chartered thrift
    institutions to the Office of the Comptroller of the Currency
    and state chartered savings banks to the FDIC, and the
    elimination of the Office of Thrift Supervision;  (xiv)
    provisions that affect corporate governance and executive
    compensation at most United States publicly traded companies,
    including financial institutions, including (1) stockholder
    advisory votes on executive compensation, (2) executive
    compensation clawback requirements for companies
    listed on national securities exchanges in the event of
    materially inaccurate statements of earnings, revenues, gains or
    other criteria, (3) enhanced independence requirements for
    compensation committee members, and (4) authority for the
    SEC to adopt proxy access rules which would permit stockholders
    of publicly traded companies to nominate candidates for election
    as director and have those nominees included in a companys
    proxy statement; and 13




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(xv)
    the creation of a Consumer Financial Protection Bureau, which is
    authorized to promulgate consumer protection regulations
    relating to bank and non-bank financial products and examine and
    enforce these regulations on banks with more than
    $10 billion in assets.    and/or
  -
    Risk Based Capital Guidelines  Market Risk
    (Section 171)  Final Rule-
    Orderly Liquidation (Section 209)  Initial Final
    Rule-
    Implement Changes to DIF Assessment Base
    (Section 331)  NPR-
    Designated Reserve Ratio and Restoration Plan for the Deposit
    Insurance Fund (Sections 332 and 334)  Final Rule-
    $250,000 Deposit Insurance Coverage Limit
    (Section 335)  Final Rule-
    Unlimited coverage for Non-Interest Bearing Deposits
    (Section 343)  Final Rule-
    Incentive-based Compensation (Section 956)  FDIC
    NPR.  EESA and
    ARRA
   14




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Federal
    Banking Agency Compensation Guidelines
     15




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The Small
    Business Jobs Act of 2010
    International
    Capital and Liquidity Initiatives
    30-day
 16




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Supervision
    and Regulation
  General
    Hanmi
    Financial
    
    require periodic reports and such additional information as the
    FRB may require.
    require bank holding companies to maintain certain levels of
    capital.
    require that bank holding companies serve as a source of
    financial and managerial strength to subsidiary banks and commit
    resources as necessary to support each subsidiary bank.
    restrict the ability of bank holding companies to obtain
    dividends or other distributions from their subsidiary banks.
    terminate an activity or terminate control of or liquidate or
    divest certain subsidiaries, affiliates or investments if the
    FRB believes the activity or the control of the subsidiary or
    affiliate constitutes a significant risk to the financial
    safety, soundness or stability of any bank subsidiary.
    take formal or informal enforcement action or issue other
    supervisory directives and assess civil money penalties for
    non-compliance under certain circumstances.
    require the prior approval of senior executive officers or
    director changes and golden parachute payments, including change
    in control agreements or new employment agreements with payment
    terms which are contingent upon termination.
    regulate provisions of certain bank holding company debt,
    including the authority to impose interest ceilings and reserve
    requirements on such debt and require prior approval to purchase
    or redeem our securities in certain situations. 17




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
    limit or prohibit and require FRB prior approval of the payment
    of dividends.
    require financial holding companies to divest non-banking
    activities or subsidiary banks if they fail to meet certain
    financial holding company standards.
    approve acquisitions of more than 5% of the voting shares of
    another bank and mergers with other banks or savings
    institutions and consider certain competitive, management,
    financial and other factors in granting these approvals. Similar
    California and other state banking agency approvals may also be
    required.      Regulatory
    Restrictions on Dividends; Source of Strength
    source-of-strength source-of-strength
 18




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Regulatory
    Restrictions on Activities
      Privacy
    Policies
   19




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Capital
    Adequacy Requirements
  See Notes to Consolidated Financial Statements,
    Note 1  Regulatory Matters and Going Concern
    Consideration.
  Regulatory Capital Guidelines

ActualAdequately

Well

Hanmi

HanmiCapitalized

Capitalized

Bank

FinancialTotal Risk-Based Capital Ratio


8.00
%


10.00
%


12.22
%


12.32
%Tier 1 Risk-Based Capital Ratio


4.00
%


6.00
%


10.91
%


10.09
%Tier 1 Leverage Ratio


4.00
%


5.00
%


8.55
%


7.90
%           
    Tier I capital currently includes common equity
    and trust preferred securities, subject to certain criteria and
    quantitative limits. The capital received from trust preferred
    offerings also qualifies as Tier I capital, subject to the
    new provisions of Dodd-Frank. Under Dodd-Frank, depository
    institution holding companies with more than $15 billion in
    total consolidated assets as of December 31, 2009, 20




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will no longer be able to include trust preferred securities as
    Tier 1 regulatory capital after of the end of a
    3-year
    phase-out period beginning 2013, and would need to replace any
    outstanding trust preferred securities issued prior to
    May 19, 2010 with qualifying Tier 1 regulatory capital
    during the phase-out period. For institutions with less than
    $15 billion in total consolidated assets, existing trust
    preferred capital will still qualify as Tier 1. New issues
    by small bank holding companies with less than $500 million
    assets could still qualify as Tier 1, however the market
    for any new trust preferred capital raises is uncertain.  
    Tier II capital includes hybrid capital
    instruments, other qualifying debt instruments, a limited amount
    of the allowance for loan and lease losses, and a limited amount
    of unrealized holding gains on equity securities. Following the
    phase-out period under Dodd-Frank, trust preferred securities
    will be treated as Tier II capital. The maximum amount of
    supplemental capital elements that qualifies as Tier 2
    capital is limited to 100 percent of Tier 1 capital.
    Tier III capital consists of qualifying
    unsecured debt. The sum of Tier II and Tier III
    capital may not exceed the amount of Tier I capital.        Item 1. Business  Regulatory
    Enforcement Action.
 21




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Imposition
    of Liability for Undercapitalized Subsidiaries
      Acquisitions
    by Bank Holding Companies
    Control
    Acquisitions
      Cross-guarantees
   22




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Sarbanes-Oxley
    Act
    Securities
    Registration
    The
    Bank
   23




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
    require affirmative action to correct any conditions resulting
    from any violation or practice;
    direct an increase in capital or establish specific minimum
    capital ratios;
    restrict the Banks growth geographically, by products and
    services or by mergers and acquisitions;
    enter into informal non-public or formal public memoranda of
    understanding or written agreements; enjoin unsafe and unsound
    practices and issue cease and desist orders to take corrective
    action;
    remove officers and directors and assess civil monetary
    penalties;
    terminate the Banks deposit insurance, which would also
    result in the revocation of the Banks license by the
    DFI; and
    take possession and close and liquidate the Bank.    Brokered
    deposits
  case-by-case
  Community
    Reinvestment Act
   24




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Interstate
    Banking and Branching
    Federal
    Home Loan Bank System
    Federal
    Reserve System
    Prompt
    Corrective Action Regulations
   25




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26




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FDIC
    Deposit Insurance
      notice-and-comment
   27




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Loans-to-One-Borrower
    Extensions
    of Credit to Insiders and Transactions with
    Affiliates
    
    a bank or bank holding companys executive officers,
    directors and principal stockholders (i.e., in most cases, those
    persons who own, control or have power to vote more than
    10 percent of any class of voting securities);
    any company controlled by any such executive officer, director
    or stockholder; or
    any political or campaign committee controlled by such executive
    officer, director or principal stockholder.    
    must comply with
    loan-to-one-borrower
    limits;
    require prior full board approval when aggregate extensions of
    credit to the person exceed specified amounts;
    must be made on substantially the same terms (including interest
    rates and collateral) and follow 28




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credit-underwriting procedures no less stringent than those
    prevailing at the time for comparable transactions with
    non-insiders;  
    must not involve more than the normal risk of repayment or
    present other unfavorable features; and
    in the aggregate limit not exceed the banks unimpaired
    capital and unimpaired surplus.      
    prevent any affiliates from borrowing from the Bank unless the
    loans are secured by marketable obligations of designated
    amounts;
    limit such loans and investments to or in any affiliate
    individually to 10 percent of the Banks capital and
    surplus;
    limit such loans and investments to all affiliates in the
    aggregate to 20 percent of the Banks capital and
    surplus; and
    require such loans and investments to or in any affiliate to be
    on terms and under conditions substantially the same or at least
    as favorable to the Bank as those prevailing for comparable
    transactions with non-affiliated parties.    Dividends
     29




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Item 5. Market
    for Registrants Common Equity, Related Stockholder Matters
    and Issuer Purchases of Equity Securities 
    Dividends
      Bank
    Secrecy Act and USA PATRIOT Act
   30




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Consumer
    Laws
        Regulation
    of Subsidiaries
   31




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Going
    Concern
        ITEM 1A.
    RISK
    FACTORS    Risks
    Relating to our Business and Ownership of Our Common
    Stock
  Our independent registered public accounting firm has
    expressed substantial doubt about our ability to continue as a
    going concern.
 32




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Our operations and regulatory capital needs require us to
    enhance our capital position in the near term and may also
    require us to raise additional capital in the
    future.
  Ratio of Tangible ShareholdersDate

Equity to Total Tangible AssetsBy July 31, 2010

Not Less Than 9.0 PercentFrom December 31, 2010 and
    Until the Final Order is Terminated

Not Less Than 9.5 Percent       The Bank is subject to additional regulatory oversight as
    a result of a formal regulatory enforcement action issued by the
    Federal Reserve Bank and the California Department of Financial
    Institutions.
   33




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and/or
  We may become subject to additional regulatory
    restrictions in the event that our regulatory capital levels
    were to decline.
    and/or
  The Bank is currently restricted from paying dividends to
    us and we are restricted from paying dividends to stockholders
    and from making any payments on our trust preferred
    securities.
 34




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Liquidity risk could impair our ability to fund operations
    and jeopardize our financial condition.
      We may be required to make additional provisions for
    credit losses and charge off additional loans in the future,
    which could adversely affect our results of operations and
    capital levels.
  Our allowance for loan losses may not be adequate to cover
    actual losses.
 35




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Our Southern California business focus and economic
    conditions in Southern California could adversely affect our
    operations.
  Our concentration in commercial real estate loans located
    primarily in Southern California could have adverse effects on
    credit quality.
  Our concentration in commercial and industrial loans could
    have adverse effects on credit quality.
  Our concentrations of loans in certain industries could
    have adverse effects on credit quality.
  The Woori investment is subject to conditions to closing
    and may not close at all.
 36




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and/or
    Existing stockholders will experience substantial dilution
    from the Woori investment or other capital raising
    transactions.
  In the future we may decide or be required to raise
    additional funds, which would cause then existing stockholders
    to experience dilution.
  Even after the Woori investment or any other capital
    raising transactions, we may still be subject to continued
    regulatory scrutiny.
  If the Woori investment is completed, we may have a
    controlling stockholder who would be able to control certain
    corporate matters.
 37




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If the Woori investment is completed, the views of
    Wooris ownership stake may adversely affect
    us.
  Difficult economic and market conditions have adversely
    affected our industry.
  
    We potentially face increased regulation of our industry.
    Compliance with such regulation may increase our costs and limit
    our ability to pursue business opportunities.
    The process we use to estimate losses inherent in our credit
    exposure requires difficult, subjective and complex
    judgments, including forecasts of economic conditions and how
    these economic conditions 38




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might impair the ability of our borrowers to repay their loans.
    The level of uncertainty concerning economic conditions may
    adversely affect the accuracy of our estimates, which may, in
    turn, impact the reliability of the process.  
    We may be required to pay significantly higher Federal Deposit
    Insurance Corporation premiums because market developments have
    significantly depleted the deposit insurance fund of the Federal
    Deposit Insurance Corporation and reduced the ratio of reserves
    to insured deposits.
    Our liquidity could be negatively impacted by an inability to
    access the capital markets, unforeseen or extraordinary
    demands on cash, or regulatory restrictions, which could, among
    other things, materially and adversely affect our business,
    results of operations and financial condition and our ability to
    continue as a going concern.  Instability in domestic and international financial
    markets could adversely affect us.
  Our success depends on our key
    management.
  Our interest expense may increase following the repeal of
    the Federal prohibition on payment of interest on demand
    deposits.
  Changes in economic conditions could materially hurt our
    business.
    
    problem assets and foreclosures may increase;
    demand for our products and services may decline;
    low cost or non-interest bearing deposits may decrease; and 39




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
    collateral for loans made by us, especially real estate, may
    decline in value.  If a significant number of borrowers, guarantors or
    related parties fail to perform as required by the terms of
    their loans, we could sustain losses.
  Our loan portfolio is predominantly secured by real estate
    and thus we have a higher degree of risk from a downturn in our
    real estate markets.
  We are exposed to risk of environmental liabilities with
    respect to properties to which we take title. clean-up clean-up
  Our earnings are affected by changing interest
    rates.
  We are subject to government regulations that could limit
    or restrict our activities, which in turn could adversely affect
    our operations.
 40




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Additional requirements imposed by the Dodd-Frank Act and
    other regulations could adversely affect us. and and/or
    The FDICs restoration plan and the related increased
    assessment rate could adversely affect our
    earnings.
  The impact of the new Basel III capital standards
    will likely impose enhanced capital adequacy standards on
    us.
 41




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Competition may adversely affect our
    performance. Korean-American
  We continually encounter technological change, and we may
    have fewer resources than many of our competitors to continue to
    invest in technological improvements.
  We rely on communications, information, operating and
    financial control systems technology from third party service
    providers, and we may suffer an interruption in those
    systems. and/or
  Negative publicity could damage our
    reputation.
  We are dependent on key personnel and the loss of one or
    more of those key personnel may materially and adversely affect
    our prospects.
 42




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The price of our common stock may be volatile or may
    decline.
  
    developments relating to the Woori investment;
    actual or anticipated quarterly fluctuations in our operating
    results and financial condition;
    changes in revenue or earnings estimates or publication of
    research reports and recommendations by financial analysts;
    failure to meet analysts revenue or earnings estimates;
    speculation in the press or investment community;
    strategic actions by us or our competitors, such as acquisitions
    or restructurings;
    actions by institutional stockholders;
    fluctuations in the stock price and operating results of our
    competitors;
    general market conditions and, in particular, developments
    related to market conditions for the financial services industry;
    proposed or adopted legislative or regulatory changes or
    developments;
    anticipated or pending investigations, proceedings or litigation
    that involve or affect us; or
    domestic and international economic factors unrelated to our
    performance.    Your share ownership may be diluted by the issuance of
    additional shares of our common stock in the
    future.
 43




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##### Table of Contents



Future sales of common stock by existing stockholders may
    have an adverse impact on the market price of our common
    stock.
  Holders of our junior subordinated debentures have rights
    that are senior to those of our stockholders.
  Anti-takeover provisions and state and federal law may
    limit the ability of another party to acquire us, which could
    cause our stock price to decline.
   44




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##### Table of Contents



Our ability to use some or all of our net operating loss
    carryforwards may be impaired.
  ITEM 1B.
    UNRESOLVED
    STAFF COMMENTS   45




---



##### Table of Contents



ITEM 2.  PROPERTIES      Owned/Office

Address

City/State

LeasedCorporate Headquarters
    (1)

3660 Wilshire Boulevard, Penthouse Suite A

Los Angeles, CA

LeasedBranches:Beverly Hills Branch

9300 Wilshire Boulevard, Suite 101

Beverly Hills, CA

LeasedCerritos  Artesia Branch

11754 East Artesia Boulevard

Artesia, CA

LeasedCerritos  South Branch

11900 South Street, Suite 109

Cerritos, CA

LeasedDowntown  Los Angeles Branch

950 South Los Angeles Street

Los Angeles, CA

LeasedDiamond Bar Branch

1101 Brea Canyon Road, Suite A-1

Diamond Bar, CA

LeasedFashion District Branch

726 East 12th Street, Suite 211

Los Angeles, CA

LeasedFullerton  Beach Branch

5245 Beach Boulevard

Buena Park, CA

LeasedGarden Grove  Brookhurst Branch

9820 Garden Grove Boulevard

Garden Grove, CA

OwnedGarden Grove  Magnolia Branch

9122 Garden Grove Boulevard

Garden Grove, CA

OwnedGardena Branch

2001 West Redondo Beach Boulevard

Gardena, CA

LeasedIrvine Branch

14474 Culver Drive, Suite D

Irvine, CA

LeasedKoreatown Galleria Branch

3250 West Olympic Boulevard, Suite 200

Los Angeles, CA

LeasedKoreatown Plaza Branch

928 South Western Avenue, Suite 260

Los Angeles, CA

LeasedNorthridge Branch

10180 Reseda Boulevard

Northridge, CA

LeasedOlympic Branch
    (2)

3737 West Olympic Boulevard

Los Angeles, CA

OwnedOlympic  Kingsley Branch

3099 West Olympic Boulevard

Los Angeles, CA

OwnedRancho Cucamonga Branch

9759 Baseline Road

Rancho Cucamonga, CA

LeasedRowland Heights Branch

18720 East Colima Road

Rowland Heights, CA

LeasedSan Diego Branch

4637 Convoy Street, Suite 101

San Diego, CA

LeasedSan Francisco Branch

1469 Webster Street

San Francisco, CA

LeasedSilicon Valley Branch

2765 El Camino Real

Santa Clara, CA

LeasedTorrance  Crenshaw Branch

2370 Crenshaw Boulevard, Suite H

Torrance, CA

LeasedTorrance  Del Amo Mall Branch

21838 Hawthorne Boulevard

Torrance, CA

LeasedVan Nuys Branch

14427 Sherman Way

Van Nuys, CA

LeasedVermont Branch
    (3)

933 South Vermont Avenue

Los Angeles, CA

OwnedWestern Branch

120 South Western Avenue

Los Angeles, CA

LeasedWilshire  Hobart Branch

3660 Wilshire Boulevard, Suite 103

Los Angeles, CA

LeasedDepartments:Commercial Loan Department
    (1)

3660 Wilshire Boulevard, Suite 1050

Los Angeles, CA

LeasedConsumer Loan Center
    (1)

3660 Wilshire Boulevard, Suite 424

Los Angeles, CA

LeasedPrivate Banking Department
    (1)

3737 West Olympic Boulevard

Los Angeles, CA

LeasedInternational Finance Department (1)

933 South Vermont Avenue, 2nd Floor

Los Angeles, CA

LeasedSBA Loan Center
    (1)

3660 Wilshire Boulevard, Suite 116

Los Angeles, CA

LeasedLPOs and Subsidiaries:Northwest Region LPO
    (1)

33110 Pacific Hwy South, Suite 4

Federal Way, WA

LeasedChun-Ha/All World
    (1)

12912 Brookhurst Street, Suite 480

Garden Grove, CA

LeasedChun-Ha
    (1)

3225 Wilshire Boulevard, Suite 1806

Los Angeles, CA

Leased     (1)
    
    Deposits are not accepted at
    this facility.(2)
    
    Training Facility is also
    located at this facility.(3)
    
    Administrative offices are also
    located at this facility.   46




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##### Table of Contents



ITEM 3.  LEGAL
    PROCEEDINGS   ITEM 4.  REMOVED
    AND RESERVED PART II  ITEM 5.
    MARKET
    FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS
    AND ISSUER PURCHASES OF EQUITY SECURITIES  Market
    Information
    High

Low

Cash Dividend2010:Fourth Quarter

$
1.28


$
0.86



Third Quarter

$
1.70


$
1.17



Second Quarter

$
4.26


$
1.26



First Quarter

$
2.83


$
1.02



2009:Fourth Quarter

$
1.86


$
1.10



Third Quarter

$
1.92


$
1.22



Second Quarter

$
2.65


$
1.21



First Quarter

$
3.00


$
0.75



   Holders
    Dividends
   47




---



##### Table of Contents



48




---



##### Table of Contents



Performance
    Graph
  ®
  TOTAL RETURN
    PERFORMANCE
  
  December 31,Index

Symbol

2005

2006

2007

2008

2009

2010Hanmi Financial

HAFC

$
100.00


$
127.49


$
49.80


$
12.42


$
7.24


$
8.87Nasdaq Composite

IXIC

$
100.00


$
109.52


$
120.27


$
71.51


$
102.89


$
120.29S&P 500 Financials

S5FINL

$
100.00


$
118.92


$
97.34


$
44.56


$
51.99


$
58.27SNL Bank $1B-$5B



$
100.00


$
115.72


$
84.36


$
67.88


$
49.93


$
57.38   Purchases
    of Equity Securities by the Issuer and Affiliated
    Purchasers
   49




---



##### Table of Contents



ITEM 6.  SELECTED
    FINANCIAL DATA  Item 7. Managements Discussion and
    Analysis of Financial Condition and Results of Operations.
  As of and for the Year Ended December 31,2010


2009


2008


2007


2006(Dollars in Thousands, Except for Per Share Data)SUMMARY STATEMENTS OF OPERATIONS:Interest and Dividend Income

$
144,512


$
184,147


$
238,183


$
280,896


$
260,189Interest Expense


38,638



82,918



103,782



129,110



106,946Net Interest Income Before Provision for Credit Losses


105,874



101,229



134,401



151,786



153,243Provision for Credit Losses


122,496



196,387



75,676



38,323



7,173Non-Interest Income


25,406



32,110



32,854



40,006



36,963Non-Interest Expense


96,805



90,354



195,027



189,929



77,313Income (Loss) Before Provision (Benefit) for Income Taxes


(88,021
)


(153,402
)


(103,448
)


(36,460
)


105,720Provision (Benefit) for Income Taxes


(12
)


(31,125
)


(1,355
)


24,302



40,370NET INCOME (LOSS)

$
(88,009
)

$
(122,277
)

$
(102,093
)

$
(60,762
)

$
65,350SUMMARY BALANCE SHEETS:Cash and Cash Equivalents

$
249,720


$
154,110


$
215,947


$
122,398


$
138,501Total Investment Securities


413,963



133,289



197,117



350,457



391,579Net Loans
    (1)


2,121,067



2,674,064



3,291,125



3,241,097



2,837,390Total Assets


2,907,148



3,162,706



3,875,816



3,983,657



3,725,243Total Deposits


2,466,721



2,749,327



3,070,080



3,001,699



2,944,715Total Liabilities


2,733,892



3,012,962



3,611,901



3,613,101



3,238,873Total Stockholders Equity


173,256



149,744



263,915



370,556



486,370Tangible Equity


171,023



146,362



258,965



256,548



272,412Average Net Loans
    (1)


2,368,369



3,044,395



3,276,142



3,049,775



2,721,229Average Investment Securities


215,280



188,325



271,802



368,144



414,672Average Interest-Earning Assets


2,981,878



3,611,009



3,653,720



3,494,758



3,214,761Average Total Assets


2,998,507



3,717,179



3,866,856



3,882,891



3,602,181Average Deposits


2,587,686



3,109,322



2,913,171



2,989,806



2,881,448Average Borrowings


243,690



341,514



591,930



355,819



221,347Average Interest-Bearing Liabilities


2,268,954



2,909,014



2,874,470



2,643,296



2,367,389Average Stockholders Equity


137,968



225,708



323,462



492,637



458,227Average Tangible Equity


135,171



221,537



264,490



275,036



242,362PER SHARE DATA:Earnings (Loss) Per Share  Basic

$
(0.93
)

$
(2.57
)

$
(2.23
)

$
(1.27
)

$
1.34Earnings (Loss) Per Share  Diluted

$
(0.93
)

$
(2.57
)

$
(2.23
)

$
(1.27
)

$
1.32Book Value Per Share
    (2)

$
1.15


$
2.93


$
5.75


$
8.08


$
9.91Tangible Book Value Per Share
    (3)

$
1.13


$
2.86


$
5.64


$
5.59


$
5.55Cash Dividends Per Share









$
0.09


$
0.24


$
0.24Common Shares Outstanding


151,198,390



51,182,390



45,905,549



45,860,941



49,076,613    (1)
    
    Loans receivable, net of
    allowance for loan losses and deferred loan fees.(2)
    
    Total stockholders equity
    divided by common shares outstanding.(3)
    
    Tangible equity divided by
    common shares outstanding.  50




---



##### Table of Contents



As of and for the Year Ended December 31,2010

2009

2008

2007

2006SELECTED PERFORMANCE RATIOS:Return on Average Assets
    (4)


(2.94
)%


(3.29
)%


(2.64
)%


(1.56
)%


1.81
%Return on Average Stockholders Equity
    (5)


(63.79
)%


(54.17
)%


(31.56
)%


(12.33
)%


14.26
%Return on Average Tangible Equity
    (6)


(65.11
)%


(55.19
)%


(38.60
)%


(22.09
)%


26.96
%Net Interest Spread
    (7)


3.15
%


2.28
%


2.95
%


3.20
%


3.65
%Net Interest Margin
    (8)


3.55
%


2.84
%


3.72
%


4.39
%


4.83
%Efficiency Ratio
    (9)


73.74
%


67.76
%


116.60
%


99.03
%


40.65
%Dividend Payout Ratio
    (10)










(4.05
)%


(18.11
)%


18.02
%Average Stockholders Equity to Average Total Assets


4.60
%


6.07
%


8.36
%


12.69
%


12.72
%SELECTED CAPITAL RATIOS:Total Capital to Total Risk-Weighted Assets:Hanmi Financial


12.32
%


9.12
%


10.79
%


10.65
%


12.55
%Hanmi Bank


12.22
%


9.07
%


10.70
%


10.59
%


12.28
%Tier 1 Capital to Total Risk-Weighted Assets:Hanmi Financial


10.09
%


6.76
%


9.52
%


9.40
%


11.58
%Hanmi Bank


10.91
%


7.77
%


9.44
%


9.34
%


11.31
%Tier 1 Capital to Average Total Assets:Hanmi Financial


7.90
%


5.82
%


8.93
%


8.52
%


10.08
%Hanmi Bank


8.55
%


6.69
%


8.85
%


8.47
%


9.85
%SELECTED ASSET QUALITY RATIOS:Non-Performing Loans to Total Gross Loans
    (11)


7.45
%


7.77
%


3.62
%


1.66
%


0.50
%Non-Performing Assets to Total Assets
    (12)


5.95
%


7.76
%


3.17
%


1.37
%


0.38
%Net Loan Charge-Offs to Average Total Gross Loans


4.79
%


3.88
%


1.38
%


0.73
%


0.17
%Allowance for Loan Losses to Total Gross Loans


6.44
%


5.14
%


2.11
%


1.33
%


0.96
%Allowance for Loan Losses to Non-Performing Loans


86.41
%


66.19
%


58.23
%


80.05
%


193.86
%    (4)
    
    Net income (loss) divided by
    average total assets.(5)
    
    Net income (loss) divided by
    average stockholders equity.(6)
    
    Net income (loss) divided by
    average tangible equity.(7)
    
    Average yield earned on
    interest-earning assets less average rate paid on
    interest-bearing liabilities. Computed on a tax-equivalent basis
    using an effective marginal rate of 35 percent(8)
    
    Net interest income before
    provision for credit losses divided by average interest-earning
    assets. Computed on a tax-equivalent basis using an effective
    marginal rate of 35 percent(9)
    
    Total non-interest expense
    divided by the sum of net interest income before provision for
    credit losses and total non-interest income.(10)
    
    Dividends declared per share
    divided by basic earnings (loss) per share.(11)
    
    Non-performing loans, including
    loans held for sale, consist of non-accrual loan and loans past
    due 90 days or more still accruing interest.(12)
    
    Non-performing assets consist of
    non-performing loans and other real estate owned.  Non-GAAP Financial
    Measures
  Return
    on Average Tangible Equity
   51




---



##### Table of Contents



Year Ended December 31,2010


2009


2008


2007


2006(Dollars in Thousands)Average Stockholders Equity

$
137,968


$
225,708


$
323,462


$
492,637


$
458,227Less Average Goodwill and Average Other Intangible Assets


(2,797)



(4,171)



(58,972)



(217,601)



(215,865)Average Tangible Equity

$
135,171


$
221,537


$
264,490


$
275,036


$
242,362Return on Average Stockholders Equity


(63.79)%



(54.17)%



(31.56)%



(12.33)%



14.26%Effect of Average Goodwill and Average Other Intangible Assets


(1.32)%



(1.02)%



(7.04)%



(9.76)%



12.70%Return on Average Tangible Equity


(65.11%)



(55.19%)



(38.60%)



(22.09%)



26.96%   Tangible
    Book Value Per Share
      December 31,2010


2009


2008


2007


2006(Dollars in Thousands, Except Per Share Amounts)Total Stockholders Equity

$
173,256


$
149,744


$
263,915


$
370,556


$
486,370Less Goodwill and Other Intangible Assets


(2,233)



(3,382)



(4,950)



(114,008)



(213,958)Tangible Equity

$
171,023


$
146,362


$
258,965


$
256,548


$
272,412Book Value Per Share

$
1.15


$
2.93


$
5.75


$
8.08


$
9.91Effect of Goodwill and Other Intangible Assets


(0.02)



(0.07)



(0.11)



(2.49)



(4.36)Tangible Book Value Per Share

$
1.13


$
2.86


$
5.64


$
5.59


$
5.55  52




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##### Table of Contents



ITEM 7.
    MANAGEMENTS
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
    OPERATIONS    CRITICAL
    ACCOUNTING POLICIES
  Notes to Consolidated Financial
    Statements, Note 2  Summary of Significant
    Accounting Policies.
  Allowance
    for Loan Losses
  Financial
    Condition  Allowance for Loan Losses and Allowance
    for Off-Balance Sheet Items, Results of
    Operations  Provision for Credit Losses Notes to Consolidated Financial Statements,
    Note 2  Summary of Significant Accounting
    Policies
  Loan
    Sales
   53




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##### Table of Contents



Notes to Consolidated Financial Statements,
    Note 2  Summary of Significant Accounting
    Policies Note 5 
    Loans
  Investment
    Securities
  Notes to Consolidated
    Financial Statements, Note 2  Summary of
    Significant Accounting Policies Investment, held-to-maturity, available-for-sale held-to-maturity available-for-sale other-than-temporarily
    other-than-temporary other-than-temporary other-than-temporary
  other-than-temporary
 54




---



##### Table of Contents



other-than-temporarily other-than-temporarily Notes to
    Consolidated Financial Statements, Note 4 
    Investment Securities
  Income
    Taxes
  Notes to
    Consolidated Financial Statements, Note 2 
    Summary of Significant Accounting Policies Note 11  Income Taxes
  EXECUTIVE
    OVERVIEW
     55




---



##### Table of Contents




    The Banks total risk-based capital ratio improved to
    12.22% as of December 31, 2010 compared to 9.07% as of
    December 31, 2009. The Banks tangible common equity
    to tangible assets also improved to 8.59% as of
    December 31, 2010 compared to 7.13% as of December 31,
    2009.
    Non-performing loans decreased to $169.0 million, or 7.45%
    of total gross loans, as of December 31, 2010 compared to
    $219.1 million, or 7.77% as of December 31, 2009. The
    coverage ratio of the allowance to non-performing loans
    increased to 86.41% as of December 31, 2010 compared to
    66.19% as of December 31, 2009.
    The cost of funds decreased through changes in the composition
    of our deposit portfolio. The average funding cost decreased by
    104 basis points to 1.36% for the year ended
    December 31, 2010 compared to 2.40% for the year ended
    December 31, 2009.
    Net interest margin improved 71 basis points to 3.55% for
    the year ended December 31, 2010 compared to 2.84% for the
    year ended December 31 2009.  Outlook
    for fiscal 2011
          RESULTS
    OF OPERATIONS
  Net
    Interest Income, Net Interest Spread and Net Interest
    Margin
   56




---



##### Table of Contents



57




---



##### Table of Contents



Year Ended December 31,2010


2009


2008Interest


Average





Interest


Average





Interest


AverageAverage


Income/


Yield/


Average


Income/


Yield/


Average


Income/


Yield/Balance


Expense


Rate


Balance


Expense


Rate


Balance


Expense


Rate(Dollars in Thousands)ASSETSInterest-Earning Assets:Gross Loans, Net
    (1)

$
2,544,472


$
137,328



5.40
%

$
3,157,133


$
173,318



5.49
%

$
3,332,133


$
223,942



6.72
%Municipal Securities:Taxable


3,746



189



5.05
%






















Tax  Exempt
    (2)


6,909



346



5.01
%


54,448



3,543



6.51
%


63,918



4,180



6.54
%Obligations of Other U.S. Government Agencies


69,112



1,952



2.82
%


24,417



1,108



4.54
%


65,440



2,813



4.30
%Other Debt Securities


135,513



3,733



2.75
%


109,460



4,568



4.17
%


142,444



6,574



4.62
%Equity Securities


37,437



532



1.42
%


41,399



656



1.58
%


38,516



1,918



4.98
%Federal Funds Sold


10,346



52



0.50
%


84,363



326



0.39
%


8,934



166



1.86
%Term Federal Funds Sold


8,342



33



0.40
%


95,822



1,718



1.79
%


1,913



43



2.25
%Interest-Earning Deposits


166,001



468



0.28
%


43,967



151



0.34
%


422



10



2.37
%Total Interest-Earning Assets


2,981,878



144,633



4.85
%


3,611,009



185,388



5.13
%


3,653,720



239,646



6.56
%Noninterest-Earning Assets:Cash and Cash Equivalents


67,492











71,448











88,679Allowance for Loan Losses


(176,103
)










(112,738
)










(55,991
)Other Assets


125,240











147,460











180,448Total Noninterest-Earning Assets


16,629











106,170











213,136TOTAL ASSETS

$
2,998,507










$
3,717,179










$
3,866,856LIABILITIES AND STOCKHOLDERS EQUITYInterest-Bearing Liabilities:Deposits:Savings

$
119,754



3,439



2.87
%

$
91,089



2,328



2.56
%

$
89,866



2,093



2.33
%Money Market Checking and NOW Accounts


464,864



4,936



1.06
%


507,619



9,786



1.93
%


618,779



19,909



3.22
%Time Deposits of $100,000 or More


1,069,600



19,529



1.83
%


1,051,994



34,807



3.31
%


1,045,968



43,598



4.17
%Other Time Deposits


371,046



6,504



1.75
%


916,798



29,325



3.20
%


527,927



18,753



3.55
%Federal Home Loan Bank Advances


158,531



1,366



0.86
%


257,529



3,399



1.32
%


498,875



14,027



2.81
%Other Borrowings


2,753



53



1.93
%


1,579



2



0.13
%


10,649



346



3.25
%Junior Subordinated Debentures


82,406



2,811



3.41
%


82,406



3,271



3.97
%


82,406



5,056



6.14
%Total Interest-Bearing Liabilities


2,268,954



38,638



1.70
%


2,909,014



82,918



2.85
%


2,874,470



103,782



3.61
%Noninterest-Bearing Liabilities:Demand Deposits


562,422











541,822











630,631Other Liabilities


29,163











40,635











38,293Total Noninterest-Bearing Liabilities


591,585











582,457











668,924Total Liabilities


2,860,539











3,491,471











3,543,394Stockholders Equity


137,968











225,708











323,462TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$
2,998,507










$
3,717,179










$
3,866,856Net Interest Income





$
105,995










$
102,470










$
135,864Net Interest Spread(3)










3.15
%










2.28
%










2.95
%Net Interest Margin(4)










3.55
%










2.84
%










3.72
%    (1)
    
    Average balances for loans
    include non-accrual loans and net of deferred fees and related
    direct costs. Loan fees have been included in the calculation of
    interest income. Loan fees were $1.8 million,
    $2.3 million and $2.4 million for the years ended
    December 31, 2010, 2009 and 2008, respectively.(2)
    
    Computed on a tax-equivalent
    basis using an effective marginal rate of
    35 percent.(3)
    
    Represents the average yield
    earned on interest-earning assets less the average rate paid on
    interest-bearing liabilities.(4)
    
    Represents net interest income
    as a percentage of average interest-earning assets. 58




---



##### Table of Contents



Year Ended December 31,2010 vs. 2009


2009 vs. 2008Increase (Decrease)


Increase (Decrease)Due to Change in


Due to Change inVolume


Rate


Total


Volume


Rate


Total(In Thousands)Interest and Dividend Income:Gross Loans, Net

$
(33,111
)

$
(2,879
)

$
(35,990
)

$
(11,281
)

$
(39,343
)

$
(50,624
)Municipal Securities:Taxable


189







189











Tax  Exempt


(2,530
)


(667
)


(3,197
)


(616
)


(21
)


(637
)Obligations of Other U.S. Government Agencies


1,393



(549
)


844



(1,854
)


149



(1,705
)Other Debt Securities


935



(1,770
)


(835
)


(1,419
)


(587
)


(2,006
)Equity Securities


(60
)


(64
)


(124
)


134



(1,396
)


(1,262
)Federal Funds Sold


(350
)


76



(274
)


386



(226
)


160Term Federal Funds Sold


(909
)


(776
)


(1,685
)


1,686



(11
)


1,675Interest-Earning Deposits


349



(32
)


317



158



(17
)


141Total Interest and Dividend Income


(34,094
)


(6,661
)


(40,755
)


(12,806
)


(41,452
)


(54,258
)Interest Expense:Savings


798



313



1,111



28



207



235Money Market Checking and NOW Accounts


(766
)


(4,084
)


(4,850
)


(3,133
)


(6,990
)


(10,123
)Time Deposits of $100,000 or More


574



(15,852
)


(15,278
)


250



(9,041
)


(8,791
)Other Time Deposits


(12,972
)


(9,849
)


(22,821
)


12,603



(2,031
)


10,572Federal Home Loan Bank Advances


(1,068
)


(965
)


(2,033
)


(5,069
)


(5,559
)


(10,628
)Other Borrowings


2



49



51



(162
)


(182
)


(344
)Junior Subordinated Debentures






(460
)


(460
)






(1,785
)


(1,785
)Total Interest Expense


(13,432
)


(30,848
)


(44,280
)


4,517



(25,381
)


(20,864
)Change in Net Interest Income

$
(20,662
)

$
24,187


$
3,525


$
(17,323
)

$
(16,071
)

$
(33,394
)      59




---



##### Table of Contents



Provision
    for Credit Losses
  Non-Performing
    Assets Allowance for Loan Losses and
    Allowance for Off-Balance Sheet Items
   60




---



##### Table of Contents



Non-Performing
    Assets Allowance for Loan Losses and
    Allowance for Off-Balance Sheet Items
  Non-Interest
    Income
      Year Ended December 31,2010


2009


2008(In Thousands)Service Charges on Deposit Accounts

$
14,049


$
17,054


$
18,463Insurance Commissions


4,695



4,492



5,067Remittance Fees


1,968



2,109



2,194Trade Finance Fees


1,523



1,956



3,088Other Service Charges and Fees


1,516



1,810



2,365Bank-Owned Life Insurance Income


942



932



952Net Gain on Sales of Loans


514



1,220



765Net Gain on Sales of Investment Securities


122



1,833



77Other-Than-Temporary
    Impairment Loss on Securities


(790
)






(2,410
)Other Operating Income


867



704



2,293Total Non-Interest Income

$
25,406


$
32,110


$
32,854      61




---



##### Table of Contents



Non-Interest
    Expense
    Year Ended December 31,2010


2009


2008(In Thousands)Salaries and Employee Benefits

$
36,730


$
33,101


$
42,209Occupancy and Equipment


10,773



11,239



11,158Deposit Insurance Premiums and Regulatory Assessments


10,756



10,418



3,713Other Real Estate Owned Expense


10,679



5,890



390Data Processing


5,931



6,297



5,799Professional Fees


3,521



4,099



3,539Directors and Officers Liability Insurance


2,865



1,175



397Advertising and Promotion


2,394



2,402



3,518Supplies and Communications


2,302



2,352



2,518Loan-Related Expense


1,147



1,947



790Amortization of Other Intangible Assets


1,149



1,568



1,958Other Operating Expenses


8,558



9,866



11,645Impairment Loss on Goodwill










107,393Total Non-Interest Expense

$
96,805


$
90,354


$
195,027      62




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##### Table of Contents



Income
    Taxes
      Notes to Consolidated Financial
    Statements, Note 11  Income Taxes,
    FINANCIAL
    CONDITION
  Investment
    Portfolio
   63




---



##### Table of Contents



Investment Portfolio as of December 31,2010


2009


2008Amortized


Fair


Amortized


Fair


Amortized


FairCost


Value


Cost


Value


Cost


Value(In Thousands)Securities Held to Maturity:Municipal Bonds

$
696


$
696


$
696


$
696


$
695


$
695Mortgage-Backed Securities
    (1)


149



151



173



175



215



215Total Securities Held to Maturity

$
845


$
847


$
869


$
871


$
910


$
910Securities Available for Sale:Collateralized Mortgage Obligations

$
139,053


$
137,193


$
12,520


$
12,789


$
36,204


$
36,162U.S. Government Agency Securities


114,066



113,334



33,325



32,763



17,580



17,700Mortgage-Backed Securities
    (1)


108,436



109,842



65,218



66,332



77,515



78,860Municipal Bonds


22,420



21,028



7,369



7,359



58,987



58,313Corporate Bonds
    (2)


20,449



20,205











355



169Asset-Backed Securities


7,115



7,384



8,127



8,188







Other Securities


3,305



3,259



3,925



4,195



4,684



4,958Equity Securities
    (3)


647



873



511



794



511



804Total Securities Available for Sale

$
415,491


$
413,118


$
130,995


$
132,420


$
195,836


$
196,966    (1)
    
    Collateralized by residential
    mortgages and guaranteed by U.S. government sponsored
    entities.(2)
    
    Balances presented for amortized
    cost, representing one corporate bond, were net of an OTTI
    charge of $2.4 million, which was related to a credit loss,
    as of December 31, 2008. The corporate bond was sold during
    the year ended December 31, 2009.(3)
    
    Balances presented for amortized
    cost, representing two corporate bonds, were net of an OTTI
    charge of $790,000, which was related to a credit loss, as of
    December 31, 2010. We recorded an OTTI charge of $790,000
    to write down the value of one investment security to its fair
    value during the year ended December 31, 2010. 64




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##### Table of Contents



After One Year But


After Five Years ButWithin One Year


Within Five Years


Within Ten Years


After Ten YearsAmount


Yield


Amount


Yield


Amount


Yield


Amount


Yield(Dollars in Thousands)Collateralized Mortgage Obligations

$
1,450



4.49
%

$
90,396



2.45
%

$
36,830



2.78
%

$
10,377



2.79
%U.S. Government Agency Securities










96,999



1.72
%


17,067



2.81
%






Mortgage-Backed Securities


1,973



4.34
%


84,113



2.50
%


22,499



4.30
%






Municipal Bonds
    (1)










696



7.06
%


2,877



5.57
%


19,543



4.13
%Corporate Bonds










17,449



2.22
%


3,000



4.00
%






Asset-Backed Securities


















4,824



4.55
%


2,290



4.78
%Other Securities


3,305



3.31
%






















Equity Securities


























648



$
6,728



3.87
%

$
289,653



2.20
%

$
87,097



3.39
%

$
32,858



3.74
%    (1)
    
    The yield on municipal bonds has
    been computed on a tax-equivalent basis, using an effective
    marginal rate of 35 percent.    other-than-temporary available-for-sale
    Holding PeriodLess than 12 Months


12 Months or More


TotalGross


Estimated


Number


Gross


Estimated


Number


Gross


Estimated


NumberInvestment Securities

Unrealized


Fair


of


Unrealized


Fair


of


Unrealized


Fair


ofAvailable for Sale

Losses


Value


Securities


Losses


Value


Securities


Losses


Value


Securities(In Thousands)December 31, 2010:Collateralized Mortgage Obligations

$
2,330


$
99,993



20


$



$







$
2,330


$
90,993



20U.S. Government Agency Securities


830



69,266



14















830



69,266



14Mortgage-Backed Securities

$
731


$
62,738



16


$



$







$
731


$
62,738



16Municipal Bonds


1,440



16,907



11















1,440



16,907



11Corporate Bonds


257



17,210



5















257



17,210



5Other Securities


3



1,997



2



43



957



1



46



2,954



3$
5,591


$
268,111



68


$
43


$
957



1


$
5,634


$
269,068



69December 31, 2009:U.S. Government Agency Securities


562



32,764



6















562



32,764



6Mortgage-Backed Securities

$
144


$
14,584



3


$



$







$
144


$
14,584



3Municipal Bonds


12



303



1



80



793



1



92



1,096



2Other Securities


24



1,976



2



39



961



1



63



2,937



3$
742


$
49,627



12


$
119


$
1,754



2


$
861


$
51,381



14    65




---



##### Table of Contents



other-than-temporarily
  other-than-temporarily
  other-than-temporarily
  other-than-temporarily
    Loan
    Portfolio
    and/or loan-to-value
 66




---



##### Table of Contents



and/or
    Amount of Loans Outstanding as of December 31,2010


2009


2008


2007


2006(In Thousands)Real Estate Loans:Commercial Property

$
731,482


$
839,598


$
908,970


$
795,675


$
757,428Construction


62,400



126,350



178,783



215,857



202,207Residential Property
    (1)


62,645



77,149



92,361



90,375



81,758Total Real Estate Loans


856,527



1,043,097



1,180,114



1,101,907



1,041,393Commercial and Industrial Loans:Commercial Term Loans


1,133,892



1,420,034



1,611,449



1,599,853



1,202,612Commercial Lines of Credit


59,056



101,159



214,699



256,978



225,630SBA Loans
    (2)


123,750



139,531



178,399



118,528



171,631International Loans


44,167



53,488



95,185



119,360



126,561Total Commercial and Industrial Loans


1,360,865



1,714,212



2,099,732



2,094,719



1,726,434Consumer Loans
    (3)


50,300



63,303



83,525



90,449



100,121Total Gross Loans

$
2,267,692


$
2,820,612


$
3,363,371


$
3,287,075


$
2,867,948    (1)
    
    As of December 31, 2007 and
    2006, residential mortgage loans held for sale totaling $310,000
    and $630,000, respectively, were included at the lower of cost
    or fair value.(2)
    
    As of December 31, 2010,
    2009, 2008, 2007 and 2006, SBA loans held for sale totaling
    $18.1 million, $5.0 million, $37.4 million,
    $6.0 million and $23.2 million, respectively, were
    included at the lower of cost or fair value.(3)
    
    Consumer loans include home
    equity lines of credit.       67




---



##### Table of Contents



Percentage Distribution of Loans as of December 31,2010


2009


2008


2007


2006Real Estate Loans:Commercial Property


32.3
%


29.8
%


27.0
%


24.2
%


26.4
%Construction


2.8
%


4.5
%


5.3
%


6.6
%


7.1
%Residential Property


2.7
%


2.7
%


2.8
%


2.7
%


2.8
%Total Real Estate Loans


37.8
%


37.0
%


35.1
%


33.5
%


36.3
%Commercial and Industrial Loans:Commercial Term Loans


50.0
%


50.3
%


47.9
%


48.7
%


41.9
%Commercial Lines of Credit


2.6
%


3.6
%


6.4
%


7.8
%


7.9
%SBA Loans


5.5
%


4.9
%


5.3
%


3.6
%


6.0
%International Loans


1.9
%


2.0
%


2.8
%


3.6
%


4.4
%Total Commercial and Industrial Loans


60.0
%


60.8
%


62.4
%


63.7
%


60.2
%Consumer Loans


2.2
%


2.2
%


2.5
%


2.8
%


3.5
%Total Gross Loans


100.0
%


100.0
%


100.0
%


100.0
%


100.0
%     December 31,2010


2009(In Thousands)Commitments to Extend Credit

$
178,424


$
262,821Standby Letters of Credit


15,226



17,225Commercial Letters of Credit


11,899



13,544Unused Credit Card Lines


24,649



23,408Total Undisbursed Loan Commitments

$
230,198


$
316,998  68




---



##### Table of Contents



After OneYear ButWithin


Within


AfterOne Year


Five Years


Five Years


Total(In Thousands)Real Estate Loans:Commercial Property

$
616,434


$
114,374


$
674


$
731,482Construction


62,400











62,400Residential Property


38,123



17,327



7,195



62,645Total Real Estate Loans


716,957



131,701



7,869



856,527Commercial and Industrial Loans:Commercial Term Loans


968,645



164,273



974



1,133,892Commercial Lines of Credit


59,047



9







59,056SBA Loans


109,770



13,980







123,750International Loans


44,167











44,167Total Commercial and Industrial Loans


1,181,629



178,262



974



1,360,865Consumer Loans


48,605



1,695







50,300Total Gross Loans

$
1,947,191


$
311,658


$
8,843


$
2,267,692Loans With Predetermined Interest Rates

$
427,959


$
280,205


$
7,869


$
716,033Loans With Variable Interest Rates

$
1,519,232


$
31,453


$
974


$
1,551,659     Balance as of

Percentage of TotalIndustry

December 31, 2010

Gross Loans Outstanding(In Thousands)Lessors of Non-Residential Buildings

$
379,043



16.7
%Accommodation/Hospitality

$
321,735



14.2
%Gasoline Stations

$
287,560



12.7
%     Non-Performing
    Assets
   69




---



##### Table of Contents



December 31,2010


2009


2008


2007


2006(Dollars in Thousands)Non-Performing Loans:Non-Accrual Loans:Real Estate Loans:Commercial Property

$
47,937


$
58,927


$
8,160


$
2,684


$
246Construction


19,097



15,185



38,163



24,118



Residential Property


1,925



3,335



1,350



1,490



Commercial and Industrial Loans


99,022



140,931



73,007



25,729



13,862Consumer Loans


1,047



622



143



231



105Total Non-Accrual Loans


169,028



219,000



120,823



54,252



14,213Loans 90 Days or More Past Due and Still Accruing (as to
    Principal or Interest):Commercial and Industrial Loans










989



150



Consumer Loans






67



86



77



2Total Loans 90 Days or More Past Due and Still Accruing (as to
    Principal or Interest)






67



1,075



227



2Total Non-Performing Loans
    (1)

    (2)


169,028



219,067



121,898



54,479



14,215Other Real Estate Owned


4,089



26,306



823



287



Total Non-Performing Assets

$
173,117


$
245,373


$
122,721


$
54,766


$
14,215Troubled Debt Restructured Performing Loans

$
47,395


$



$



$



$
Non-Performing Loans as a Percentage of Total Gross Loans


7.45
%


7.77
%


3.62
%


1.66
%


0.50
%Non-Performing Assets as a Percentage of Total Assets


5.95
%


7.76
%


3.17
%


1.37
%


0.38
%    (1)
    
    Include troubled debt
    restructured non-performing loans of $27.0 million,
    $36.7 million, $24.2 million as of December 31,
    2010, December 31, 2009 and December 31, 2008,
    respectively.(2)
    
    Include loans held for
    sale.   70




---



##### Table of Contents



71




---



##### Table of Contents



With NoUnpaid


Related


With an





AverageRecorded


Principal


Allowance


Allowance


Related


RecordedInvestment


Balance


Recorded


Recorded


Allowance


Investment(In thousands)December 31, 2010:Real Estate Loans:Commercial PropertyRetail

$
17,606


$
18,050


$
6,336


$
11,270


$
1,543


$
21,190Land


35,207



35,295



5,482



29,725



1,485



40,858Other


11,357



11,476



10,210



1,147



33



15,342Construction


17,691



17,831



13,992



3,699



280



12,311Residential Property


1,926



1,990



1,926











2,383Commercial and Industrial Loans:Commercial Term LoansUnsecured


17,847



18,799



6,465



11,382



10,313



18,460Secured by Real Estate


80,213



81,395



35,154



45,059



11,831



101,617Commercial Lines of Credit


4,067



4,116



1,422



2,645



1,321



4,988SBA Loans


17,715



18,544



7,112



10,603



2,122



23,213International Loans


127



141







127



127



397Consumer Loans


934



951



393



541



393



639Total

$
204,690


$
208,588


$
88,492


$
116,198


$
29,448


$
241,398December 31, 2009:Real Estate Loans:Commercial PropertyRetail

$
19,233


$
19,430


$
17,170


$
2,063


$
120


$
15,834Land


22,960



22,978



19,889



3,071



461



10,801Other


16,640



16,924



14,747



1,893



176



17,283Construction


15,185



15,204



9,823



5,362



444



23,677Residential Property


3,335



3,459



1,989



1,346



395



2,512Commercial and Industrial Loans:Commercial Term LoansUnsecured


19,094



19,373



2,680



16,414



14,806



17,777Secured by Real Estate


83,875



84,528



48,806



35,069



4,075



98,898Commercial Lines of Credit


1,906



1,951



1,345



561



343



2,235SBA Loans


20,040



20,567



10,126



9,914



1,805



17,033International Loans


739



742



739











1,717Consumer Loans


524



531







524



524



890Total

$
203,531


$
205,687


$
127,314


$
76,217


$
23,149


$
208,657       Year Ended December 31,2010


2009


2008(In Thousands)Interest Income That Would Have Been Recognized Had Impaired
    Loans Performed in Accordance with Their Original Terms

$
20,848


$
17,471


$
7,327Less: Interest Income Recognized on Impaired Loans
    (1)


(11,473
)


(9,569
)


(5,422
)Interest Foregone on Impaired Loans

$
9,375


$
7,902


$
1,905    (1)Includes
    interest income recognized on an accrual basis prior to
    classification as impaired.
 72




---



##### Table of Contents



Allowance
    for Loan Losses and Allowance for Off-Balance Sheet
    Items
          12-quarters
 73




---



##### Table of Contents



8-quarters
             74




---



##### Table of Contents




    changes in lending policies and procedures, including
    underwriting standards and collection, charge-offs, and recovery
    practice;
    changes in national and local economic and business conditions
    and developments, including the condition of various market
    segments;
    changes in the nature and volume of the portfolio;
    changes in the trend of the volume and severity of past due and
    classified loans, and trends in the volume of non-accrual loans,
    troubled debt restructurings, charge-offs and other loan
    modifications;
    changes in the quality of the Banks loan review system and
    the degree of oversight by the Board of Directors;
    the existence and effect of any concentrations of credit, and
    changes in the level of such concentrations;
    transfer risk on cross-border lending activities;
    the effect of external factors such as competition and legal and
    regulatory requirements as well as declining collateral values
    on the level of estimated credit losses in the Banks
    current portfolio.   75




---



##### Table of Contents



December 31,2010


2009


2008


2007


2006Allowance for Loan

Allowance


Loans


Allowance


Loans


Allowance


Loans


Allowance


Loans


Allowance


LoansLosses Applicable To

Amount


Receivable


Amount


Receivable


Amount


Receivable


Amount


Receivable


Amount


Receivable(Dollars in Thousands)Real Estate Loans:Commercial Property

$
26,248


$
729,222


$
19,149


$
839,598


$
5,587


$
908,970


$
2,269


$
795,675


$
2,101


$
757,428Construction


5,606



60,995



9,043



126,350



4,102



178,783



3,478



215,857



586



202,207Residential
    Property (1)


911



62,645



997



77,149



449



92,361



32



90,065



19



81,128Total Real Estate Loans


32,765



852,862



29,189



1,043,097



10,138



1,180,114



5,779



1,101,597



2,706



1,040,763Commercial and Industrial Loans
    (1)


108,986



1,327,910



110,678



1,709,202



58,866



2,062,322



36,011



2,088,694



23,099



1,703,194Consumer Loans


2,077



50,300



2,690



63,303



1,586



83,525



1,821



90,449



1,752



100,121Unallocated


2,231







2,439







396



















Total

$
146,059


$
2,231,072


$
144,996


$
2,815,602


$
70,986


$
3,325,961


$
43,611


$
3,280,740


$
27,557


$
2,844,078    (1)
    
    Loans held for sale
    excluded. 76




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##### Table of Contents



As of and for the Year Ended December 31,2010


2009


2008


2007


2006(Dollars in Thousands)Allowance for Loan Losses:Balance at Beginning of Year

$
144,996


$
70,986


$
43,611


$
27,557


$
24,963Charge-Offs:Real Estate Loans


33,216



27,262



15,005



199



Commercial and Industrial Loans


97,340



95,768



31,916



22,255



5,333Consumer Loans


1,267



2,350



1,231



876



796Total Charge-Offs


131,823



125,380



48,152



23,330



6,129Recoveries on Loans Previously Charged Off:Real Estate Loans


3,131



5











406Commercial and Industrial Loans


6,623



2,650



1,979



494



957Consumer Loans


177



128



203



202



187Total Recoveries on Loans Previously Charged Off


9,931



2,783



2,182



696



1,550Net Loan Charge-Offs


121,892



122,597



45,970



22,634



4,579Provision Charged to Operating Expense


122,955



196,607



73,345



38,688



7,173Balance at End of Year

$
146,059


$
144,996


$
70,986


$
43,611


$
27,557Allowance for Off-Balance Sheet Items:Balance at Beginning of Year

$
3,876


$
4,096


$
1,765


$
2,130


$
2,130Provision Charged to Operating Expense


(459
)


(220
)


2,331



(365
)


Balance at End of Year

$
3,417


$
3,876


$
4,096


$
1,765


$
2,130Ratios:Net Loan Charge-Offs to Average Total Gross Loans


4.79
%


3.88
%


1.38
%


0.73
%


0.17
%Net Loan Charge-Offs to Total Gross Loans at End of Period


5.38
%


4.35
%


1.37
%


0.69
%


0.16
%Allowance for Loan Losses to Average Total Gross Loans


5.74
%


4.59
%


2.13
%


1.41
%


1.00
%Allowance for Loan Losses to Total Gross Loans at End of Period


6.44
%


5.14
%


2.11
%


1.33
%


0.96
%Net Loan Charge-Offs to Allowance for Loan Losses


83.45
%


84.55
%


64.76
%


51.90
%


16.62
%Net Loan Charge-Offs to Provision Charged to Operating Expense


99.14
%


62.36
%


62.68
%


58.50
%


63.84
%Allowance for Loan Losses to Non-Performing Loans


86.41
%


66.19
%


58.23
%


80.05
%


193.86
%Balances:Average Total Gross Loans Outstanding During Period

$
2,545,408


$
3,158,624


$
3,334,008


$
3,082,671


$
2,751,565Total Gross Loans Outstanding at End of Period

$
2,267,692


$
2,820,612


$
3,363,371


$
3,287,075


$
2,867,948Non-Performing Loans at End of Period

$
169,028


$
219,067


$
121,898


$
54,479


$
14,215      77




---



##### Table of Contents



Deposits
   78




---



##### Table of Contents



Year Ended December 31,2010


2009


2008Balance


Percent


Balance


Percent


Balance


Percent(Dollars in Thousands)Demand, Noninterest-Bearing

$
546,815



22.2
%

$
556,306



20.2
%

$
536,944



17.5
%Savings


113,968



4.6
%


111,172



4.0
%


81,869



2.7
%Money Market Checking and NOW Accounts


402,481



16.3
%


685,858



24.9
%


370,401



12.1
%Time Deposits of $100,000 or More


1,118,621



45.3
%


815,190



29.8
%


849,800



27.6
%Other Time Deposits


284,836



11.6
%


580,801



21.1
%


1,231,066



40.1
%Total Deposits

$
2,466,721



100.0
%

$
2,749,327



100.0
%

$
3,070,080



100.0
%     Interest Rate Risk Management 
    Liquidity  Hanmi Bank.
      Year Ended December 31,2010


2009


2008Average


Average


Average


Average


Average


AverageBalance


Rate


Balance


Rate


Balance


Rate(Dollars in Thousands)Demand, Noninterest-Bearing

$
562,422






$
541,822






$
630,631



Savings


119,754



2.87
%


91,089



2.56
%


89,866



2.33
%Money Market Checking and NOW Accounts


464,864



1.06
%


507,619



1.93
%


618,779



3.22
%Time Deposits of $100,000 or More


1,069,600



1.83
%


1,051,994



3.31
%


1,045,968



4.17
%Other Time Deposits


371,046



1.75
%


916,798



3.20
%


527,927



3.55
%Total Deposits

$
2,587,686



1.33
%

$
3,109,322



2.45
%

$
2,913,171



2.90
%  79




---



##### Table of Contents



December 31,2010


2009


2008(In Thousands)Three Months or Less

$
343,946


$
344,901


$
238,695Over Three Months Through Six Months


135,620



246,116



246,087Over Six Months Through Twelve Months


118,428



219,739



338,233Over Twelve Months


520,627



4,434



26,785Total Time Deposits of $100,000 or More

$
1,118,621


$
815,190


$
849,800   Federal
    Home Loan Bank Advances
  Note 9  FHLB Advances and Other
    Borrowings
  Junior
    Subordinated Debentures
  Note 10  Junior
    Subordinated Debentures
  INTEREST
    RATE RISK MANAGEMENT
   80




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##### Table of Contents



After


After OneLess


Three


Year ButThan


Months


Within


After


Non-Three


But Within


Five


Five


Interest-Months


One Year


Years


Years


Sensitive


Total(Dollars in Thousands)ASSETSCash and Due from Banks

$



$



$



$



$
60,983


$
60,983Interest-Bearing Deposits in Other Banks


184,366



4,371















188,737Investment Securities:Fixed Rate


14,141



49,803



159,751



112,916



4,467



341,078Floating Rate


17,394



27,264



26,297



2,322



(392
)


72,885Loans:Fixed Rate


163,611



264,348



280,206



7,869







716,034Floating Rate


1,245,392



107,691



31,453



973







1,385,509Non-Accrual


















169,028



169,028Deferred Loan Fees, Discounts, and Allowance for Loan Losses


















(149,504
)


(149,504
)Federal Home Loan Bank and Federal Reserve Bank Stock














34,731







34,731Other Assets






27,350







6,599



53,718



87,667TOTAL ASSETS

$
1,624,904


$
480,827


$
497,707


$
165,410


$
138,300


$
2,907,148LIABILITIES AND STOCKHOLDERS EQUITYLiabilities:Deposits:Demand  Noninterest-Bearing

$



$



$



$



$
546,815


$
546,815Savings


11,283



27,079



55,217



20,389







113,968Money Market Checking and NOW Accounts


29,154



138,564



178,923



55,840







402,481Time Deposits:Fixed Rate


428,404



381,047



593,892











1,403,343Floating Rate


58







56











114Federal Home Loan Bank Advances


150,087



267



3,296











153,650Other Borrowings


1,570



















1,570Junior Subordinated Debentures


82,406



















82,406Other Liabilities


















29,545



29,545Stockholders Equity


















173,256



173,256TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$
702,962


$
546,957


$
831,384


$
76,229


$
749,616


$
2,907,148Repricing Gap

$
921,942


$
(66,130
)

$
(333,677
)

$
89,181


$
(611,316
)

$
Cumulative Repricing Gap

$
921,942


$
855,812


$
522,135


$
611,316


$



$
Cumulative Repricing Gap as a Percentage of Total Assets


31.71
%


29.44
%


17.96
%


21.03
%


Cumulative Repricing Gap as a Percentage of Interest-Earning
    Assets


33.67
%


31.25
%


19.07
%


22.32
%


   point-in-time
   81




---



##### Table of Contents



Less Than Three Months


Less Than Twelve MonthsDecember 31,


December 31,2010


2009


2010


2009(Dollars in Thousands)Cumulative Repricing Gap

$
921,942


$
889,466


$
855,812


$
276,131Percentage of Total Assets


31.71
%


28.12
%


29.44
%


8.73
%Percentage of Interest-Earning Assets


33.67
%


30.97
%


31.25
%


9.61
%       Rate Shock TablePercentage Changes

Change in AmountChange in

Net

Economic

Net

EconomicInterest

Interest

Value of

Interest

Value ofRate

Income

Equity

Income

Equity(Dollars in Thousands)200
%


9.28
%


−11.16
%

$
9,531


$
(27,126
)100
%


4.03
%


−5.71
%

$
4,136


$
(13,873
)(100
)%


(1
)


(1
)


(1
)


(1
)(200
)%


(1
)


(1
)


(1
)


(1
)
    (1)
    The table above only reflects
    the impact of upward shocks due to the fact that a downward
    parallel shock of 100 basis points or more is not possible
    given that some short-term rates are currently less than one
    percent.   82




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##### Table of Contents



CAPITAL
    RESOURCES AND LIQUIDITY
  Capital
    Resources
        Ratio of Tangible ShareholdersDate

Equity to Total Tangible AssetsFrom December 31, 2010 and Until the Order is Terminated

Not Less Than 9.5 Percent     and/or
    Liquidity 
    Hanmi Financial
   83




---



##### Table of Contents



Liquidity 
    Hanmi Bank
         84




---



##### Table of Contents



OFF-BALANCE
    SHEET ARRANGEMENTS
  case-by-case
    December 31,2010


2009(In Thousands)Commitments to Extend Credit

$
178,424


$
262,821Standby Letters of Credit


15,226



17,225Commercial Letters of Credit


11,899



13,544Unused Credit Card Lines


24,649



23,408Total Undisbursed Loan Commitments

$
230,198


$
316,998   CONTRACTUAL
    OBLIGATIONS
    More Than


More ThanOne Year


Three Yearsand Less


and Less


MoreLess Than


Than Three


Than Five


Than FiveContractual Obligations

One Year


Years


Years


Years


Total(In Thousands)Time Deposits

$
809,509


$
593,760


$
188


$



$
1,403,457Federal Home Loan Bank Advances and Other Borrowings


151,570







3,650







155,220Commitments to Extend Credit


178,424















178,424Junior Subordinated Debentures














82,406



82,406Standby Letters of Credit


15,195



31











15,226Operating Lease Obligations


4,470



7,716



3,927



5,645



21,758Total Contractual Obligations

$
1,159,168


$
601,507


$
7,765


$
88,051


$
1,856,491  85




---



##### Table of Contents



RECENTLY
    ISSUED ACCOUNTING STANDARDS
  FASB ASU
    2011-01,
    Receivable (Topic 310), Deferral of the Effective Date of
    Disclosure about Troubled Debt Restructurings in Update
    No. 2010-20 2011-01 2010-20 2011-01
  FASB ASU
    2010-20,
    Receivable (Topic 310), Disclosures about the Credit
    Quality of Financing Receivables and the Allowance for Credit
    Losses 2010-20 2010-20
  FASB ASC 860, Transfers and Servicing ASC 810-10-50.
  FASB ASU
    2010-06,
    Fair Value Measurements and Disclosures (Topic 820) 2010-06 2010-06 2010-06
 86




---



##### Table of Contents



ITEM 7A.
    QUANTITATIVE
    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  Item 7.
    Managements Discussion and Analysis of Financial Condition
    and Results of Operations  Interest Rate Risk
    Management  Capital Resources
    and Liquidity .
  ITEM 8.
    FINANCIAL
    STATEMENTS AND SUPPLEMENTARY DATA    ITEM 9.
    CHANGES
    IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
    FINANCIAL DISCLOSURE    ITEM 9A.
    CONTROLS
    AND PROCEDURES  Disclosure
    Controls and Procedures
  Disclosure
    Controls and Procedures
    
    Hanmi Financials disclosure controls and procedures were
    effective as of the end of the period covered by this report    Internal
    Control Over Financial Reporting
   87




---



##### Table of Contents



Managements
    Report on Internal Control Over Financial
    Reporting
    
    pertain to the maintenance of records that in reasonable detail
    accurately and fairly reflect the transactions and dispositions
    of the assets of the company;
    provide reasonable assurance that transactions are recorded as
    necessary to permit preparation of financial statements in
    accordance with U.S. generally accepted accounting
    principles;
    provide reasonable assurance that receipts and expenditures of
    the company are being made only in accordance with
    authorizations of management and directors of the
    company; and
    provide reasonable assurance regarding prevention or timely
    detection of unauthorized acquisition, use or disposition of the
    companys assets that could have a material effect on the
    consolidated financial statements.    Internal Control-Integrated Framework
     88




---



##### Table of Contents



REPORT
    OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
  The Board of Directors and
    Stockholders
 Hanmi Financial Corporation:
  Internal Control-Integrated Framework
        Internal Control-Integrated Framework
   89




---



##### Table of Contents



/s/ KPMG LLP
  Los Angeles, California
 March 16, 2011
 90




---



##### Table of Contents



ITEM 9B.
    OTHER
    INFORMATION   PART III  ITEM 10.
    DIRECTORS,
    EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE  The Board of
    Directors and Executive Officers Section 16(a) Beneficial Ownership Reporting
    Compliance Form 10-K).
  Code of
    Ethics
  www.hanmi.com .
  ITEM 11.
    EXECUTIVE
    COMPENSATION  Executive
    Compensation Form 10-K).
  ITEM 12.
    SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
    RELATED STOCKHOLDER MATTERS  Beneficial Ownership of
    Principal Stockholders and Management Form 10-K).
 91




---



##### Table of Contents



Securities
    Authorized for Issuance Under Equity Compensation
    Plans
    Number of SecuritiesRemaining Available forFuture Issuance UnderNumber of Securities to be


Weighted-Average


Equity CompensationIssued Upon Exercise of


Exercise Price of


Plans (ExcludingOutstanding Options,


Outstanding Options,


SecuritiesWarrants and Rights


Warrants and Rights


Reflected in Column (a))(a)


(b)Equity Compensation Plans Approved By Security Holders


1,066,891


$
11.93



2,446,333Equity Compensation Plans Not Approved By Security Holders


2,000,000
(1)

$
1.20



2,000,000Total Equity Compensation Plans


3,066,891


$
4.93



4,446,333    (1)  Reflects warrants
    issued to Cappello Capital Corp. in connection with services it
    provided to us as a placement agent in connection with our best
    efforts public offering and as our financial adviser in
    connection with our completed rights offering. The warrants were
    immediately exercisable when issued at a purchase price of $1.20
    per share of our common stock and expire on October 14,
    2015. The warrants may be exercised for cash or by
    cashless exercise. The exercise price and number of
    shares subject to the warrants are subject to adjustment for,
    among other events, stock splits and stock dividends.
  ITEM 13.
    CERTAIN
    RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
    INDEPENDENCE  Certain
    Relationships and Related Transactions Director Independence Form 10-K).
  ITEM 14.
    PRINCIPAL
    ACCOUNTING FEES AND SERVICES  Independent Accountants Form 10-K).
 92




---



##### Table of Contents



PART IV  ITEM 15.
    EXHIBITS,
    FINANCIAL STATEMENT SCHEDULES    (1)
    The Financial Statements required to be filed hereunder are
    listed in the Index to Consolidated Financial Statements on
    page 83 of this Report.(2)
    All Financial Statement Schedules have been omitted as the
    required information is inapplicable or has been included in the
    Notes to Consolidated Financial Statements.(3)
    The Exhibits required to be filed with this Report are listed in
    the Exhibit Index included herein at pages 164 and 167. 93




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  INDEX
    TO CONSOLIDATED FINANCIAL STATEMENTS
  PageReport of Independent Registered Public
    Accounting Firm


95Consolidated Balance Sheets as of
    December 31, 2010 and 2009


96Consolidated Statements of Operations for the
    Years Ended December 31, 2010, 2009 and 2008


97Consolidated Statements of Changes in
    Stockholders Equity and Comprehensive Income (Loss) for
    the Years Ended December 31, 2010, 2009 and 2008


98Consolidated Statements of Cash Flows for the
    Years Ended December 31, 2010, 2009 and 2008


99Notes to Consolidated Financial Statements


100   94




---



##### Table of Contents



REPORT
    OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  The Board of Directors and
    Stockholders
 Hanmi Financial Corporation:
          Internal Control-Integrated Framework
  
  Los Angeles, California
 March 16, 2011
 95




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  CONSOLIDATED
    BALANCE SHEETS
 (Dollars in Thousands)
  December 31,2010


2009ASSETSCash and Due From Banks

$
60,983


$
55,263Interest-Bearing Deposits in Other Banks


158,737



98,847Federal Funds Sold


30,000



Cash and Cash Equivalents


249,720



154,110Securities Held to Maturity, at Amortized Cost (Fair Value:
    2010  $847; 2009  $871)


845



869Securities Available for Sale, at Fair Value


413,118



132,420Loans Receivable, Net of Allowance for Loan Losses of $146,059
    and $144,996 at December 31, 2010 and 2009, Respectively


2,084,447



2,669,054Loans Held for Sale, at the Lower of Cost or Fair Value


36,620



5,010Customers Liability on Acceptances


711



994Premises and Equipment, Net


17,599



18,657Accrued Interest Receivable


8,048



9,492Other Real Estate Owned, Net


4,089



26,306Deferred Tax Assets






3,608Servicing Assets


2,890



3,842Other Intangible Assets, Net


2,233



3,382Federal Home Loan Bank Stock, at Cost


27,282



30,697Federal Reserve Bank Stock, at Cost


7,449



7,878Income Taxes Receivable


9,188



56,554Bank-Owned Life Insurance


27,350



26,408Other Assets


15,559



13,425TOTAL ASSETS

$
2,907,148


$
3,162,706LIABILITIES AND STOCKHOLDERS EQUITYLIABILITIES:Deposits:Noninterest-Bearing

$
546,815


$
556,306Interest-Bearing:


1,919,906



2,193,021Total Deposits


2,466,721



2,749,327Accrued Interest Payable


15,966



12,606Acceptances Outstanding


711



994Federal Home Loan Bank Advances


153,650



153,978Other Borrowings


1,570



1,747Junior Subordinated Debentures


82,406



82,406Other Liabilities


12,868



11,904Total Liabilities


2,733,892



3,012,962COMMITMENTS AND CONTINGENCIESSTOCKHOLDERS EQUITY:Common Stock, $0.001 Par Value; Authorized
    500,000,000 Shares; Issued 155,830,890 Shares
    (151,198,390 Shares Outstanding) as of
    December 31, 2010 and Authorized 200,000,000 shares;
    Issued 55,814,890 Shares
    (51,182,390 Shares Outstanding) at December 31,
    2009, Respectively


156



56Additional Paid-In Capital


472,335



357,174Unearned Compensation


(219
)


(302
)Accumulated Other Comprehensive Income (Loss) 
    Unrealized Gain (Loss) on Securities Available for Sale and
    Interest-Only Strips, Net of Income Taxes of $602 at
    December 31, 2010 and 2009


(2,964
)


859Accumulated Deficit


(226,040
)


(138,031
)Treasury Stock, at Cost (4,632,500 Shares at
    December 31, 2010 and 2009)


(70,012
)


(70,012
)Total Stockholders Equity


173,256



149,744TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$
2,907,148


$
3,162,706   See Accompanying Notes to
    Consolidated Financial Statements.
 96




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
 CONSOLIDATED
    STATEMENTS OF OPERATIONS

(Dollars in Thousands, Except Per Share Data) Year Ended December 31,2010


2009


2008INTEREST AND DIVIDEND INCOME:Interest and Fees on Loans

$
137,328


$
173,318


$
223,942Taxable Interest on Investment Securities


5,874



5,675



9,387Tax-Exempt Interest on Investment Securities


225



2,303



2,717Interest on Term Federal Funds Sold


33



1,718



43Dividends on Federal Reserve Bank Stock


430



592



692Interest on Federal Funds Sold and Securities Purchased Under
    Resale Agreements


52



326



166Interest on Interest-Bearing Deposits in Other Banks


468



151



10Dividends on Federal Home Loan Bank Stock


102



64



1,226Total Interest and Dividend Income


144,512



184,147



238,183INTEREST EXPENSE:Interest on Deposits


34,408



76,246



84,353Interest on Federal Home Loan Bank Advances


1,366



3,399



14,027Interest on Junior Subordinated Debentures


2,811



3,271



5,056Interest on Other Borrowings


53



2



346Total Interest Expense


38,638



82,918



103,782NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES


105,874



101,229



134,401Provision for Credit Losses


122,496



196,387



75,676NET INTEREST INCOME (LOSS) AFTER PROVISION FOR CREDIT LOSSES


(16,622
)


(95,158
)


58,725NON-INTEREST INCOME:Service Charges on Deposit Accounts


14,049



17,054



18,463Insurance Commissions


4,695



4,492



5,067Remittance Fees


1,968



2,109



2,194Trade Finance Fees


1,523



1,956



3,088Other Service Charges and Fees


1,516



1,810



2,365Bank-Owned Life Insurance Income


942



932



952Net Gain on Sales of Loans


514



1,220



765Net Gain on Sales of Investment Securities


122



1,833



77Impairment Loss on Investment Securities:Total
    Other-than-temporary
    Impairment Loss on Investment Securities


(790
)






(2,410
)Less: Portion of Loss Recognized in Other Comprehensive Income










Net Impairment Loss Recognized in Earnings


(790
)






(2,410
)Other Operating Income


867



704



2,293Total Non-Interest Income


25,406



32,110



32,854NON-INTEREST EXPENSE:Salaries and Employee Benefits


36,730



33,101



42,209Occupancy and Equipment


10,773



11,239



11,158Deposit Insurance premiums and Regulatory Assessments


10,756



10,418



3,713Data Processing


5,931



6,297



5,799Other Real Estate Owned Expense


10,679



5,890



390Professional Fees


3,521



4,099



3,539Advertising and Promotion


2,394



2,402



3,518Supplies and Communications


2,302



2,352



2,518Loan-Related Expense


1,147



1,947



790Amortization of Other Intangible Assets


1,149



1,568



1,958Directors and Officers Liability Insurance


2,865



1,175



397Other Operating Expenses


8,558



9,866



11,645Impairment Loss on Goodwill










107,393Total Non-Interest Expense


96,805



90,354



195,027LOSS BEFORE BENEFIT FOR INCOME TAXES


(88,021
)


(153,402
)


(103,448
)Benefit for Income Taxes


(12
)


(31,125
)


(1,355
)NET LOSS

$
(88,009
)

$
(122,277
)

$
(102,093
)LOSS PER SHARE:Basic

$
(0.93
)

$
(2.57
)

$
(2.23
)Diluted

$
(0.93
)

$
(2.57
)

$
(2.23
)WEIGHTED-AVERAGE SHARES OUTSTANDING:Basic


94,322,222



47,570,361



45,872,541Diluted


94,322,222



47,570,361



45,872,541DIVIDENDS DECLARED PER SHARE

$



$



$
0.09   See Accompanying Notes to
    Consolidated Financial Statements.
 97




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##### Table of Contents





HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
 CONSOLIDATED
    STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY AND
    COMPREHENSIVE INCOME (LOSS)

(Dollars in Thousands)  Common Stock  Number of Shares


Stockholders EquityGross





Net











AccumulatedShares





Shares





Additional





Other


Retained


Treasury


TotalIssued and


Treasury


Issued and


Common


Paid-in


Unearned


Comprehensive


Earnings


Stock,


StockholdersOutstanding


Shares


Outstanding


Stock


Capital


Compensation


Income (Loss)


(Deficit)


at Cost


EquityBALANCE AT JANUARY 1, 2008


50,493,441



(4,632,500
)


45,860,941



50



348,073



(245
)


275



92,415



(70,012
)


370,556Cumulative-Effect Adjustment  Adoption of EITF Issue
    No. 06-4






























(2,223
)






(2,223
)Shares Issued for Business Acquisitions


39,608







39,608



1



292



















293Repurchase of Stock Options


















(70
)


















(70
)Share-Based Compensation Expense


















983



53















1,036Restricted Stock Awards


10,000







10,000







67



(67
)














Cancellation of Restricted Stock Award


(5,000
)






(5,000
)






(41
)


41















Cash Dividends






























(3,853
)






(3,853
)Comprehensive Loss:Net Loss






























(102,093
)






(102,093
)Change in Unrealized Gain on Securities Available for Sale,
    Interest-Only Strips and Interest Rate Swaps, Net of Income Taxes


























269











269Total Comprehensive Loss






































(101,824
)BALANCE AT DECEMBER 31, 2008


50,538,049



(4,632,500
)


45,905,549


$
51


$
349,304


$
(218
)

$
544


$
(15,754
)

$
(70,012
)

$
263,915Shares Issued for Business Acquisitions


39,418







39,418







46



















46Issuance of Stock in Private Offering


5,070,423







5,070,423



5



6,834



















6,839Share-Based Compensation Expense


















836



70















906Restricted Stock Awards


205,000







205,000







284



(284
)














Cancellation of Restricted Stock Award


(38,000
)






(38,000
)






(130
)


130















Comprehensive Loss:Net Loss






























(122,277
)






(122,277
)Change in Unrealized Gain on Securities Available for Sale and
    Interest-Only Strips, Net of Income Taxes


























315











315Total Comprehensive Loss






































(121,962
)BALANCE AT DECEMBER 31, 2009


55,814,890



(4,632,500
)


51,182,390


$
56


$
357,174


$
(302
)

$
859


$
(138,031
)

$
(70,012
)

$
149,744Shares Issued, Net of Offering and Underwriting Costs


100,000,000







100,000,000



100



114,209



















114,309Exercises of Stock Options


16,000







16,000







22



















22Share-Based Compensation Expense


















930



83















1,013Comprehensive Loss:Net Loss






























(88,009
)






(88,009
)Change in Unrealized Loss on Securities Available for Sale and
    Interest-Only Strips, Net of Income Taxes


























(3,823
)










(3,823
)Total Comprehensive Loss






































(91,832
)BALANCE AT DECEMBER 31, 2010


155,830,890



(4,632,500
)


151,198,390


$
156


$
472,335


$
(219
)

$
(2,964
)

$
(226,040
)

$
(70,012
)

$
173,256   See Accompanying Notes to
    Consolidated Financial Statements.
 98




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
 CONSOLIDATED
    STATEMENTS OF CASH FLOWS

(In Thousands) Year Ended December 31,2010


2009


2008CASH FLOWS FROM OPERATING ACTIVITIES:Net Loss

$
(88,009
)

$
(122,277
)

$
(102,093
)Adjustments to Reconcile Net Loss to Net Cash Provided By
    Operating Activities:Depreciation and Amortization of Premises and Equipment


2,286



2,610



2,900Amortization of Premiums and Accretion of Discounts on
    Investment Securities, Net


1,329



(516
)


164Amortization of Other Intangible Assets


1,149



1,568



1,958Amortization of Servicing Assets


1,033



823



1,295Share-Based Compensation Expense


1,013



906



1,036Provision for Credit Losses


122,496



196,387



75,676Federal Home Loan Bank and Federal Reserve Bank Stock Dividends










(1,259
)Net Gain on Sales of Investment Securities


(122
)


(1,833
)


(77
)Other-Than-Temporary
    Impairment Loss on Investment Securities


790







2,410Net Gain on Sales of Loans


(514
)


(1,220
)


(765
)Loss on Sales of Other Real Estate Owned


196



211



324Valuation Impairment on Other Real Estate Owned


8,683



3,115



Impairment Loss on Goodwill










107,393Cash Surrender Value of Bank-Owned Life Insurance


(942
)


(932
)


(951
)Deferred Tax Expense (Benefit)


3,561



26,016



(11,254
)Origination of Loans Held for Sale


(20,228
)


(1,711
)


(54,347
)Net Proceeds from Sales of Loans Held for Sale


144,308



35,331



24,037Changes in Fair Value of Stock Warrants


(362
)






Loss on Investment in Affordable Housing Partnership


880



895



760Decrease in Accrued Interest Receivable


1,444



2,855



5,064Increase in Servicing Assets, Net


(81
)


(874
)


(750
)(Increase) Decrease in Other Assets


(3,014
)


3,105



7,177(Increase) Decrease in Income Taxes Receivable


47,366



(44,842
)


(6,081
)Increase (Decrease) in Accrued Interest Payable


3,360



(5,933
)


(3,289
)Decrease in Other Liabilities


(177
)


(1,428
)


(5,573
)Net Cash Provided By Operating Activities


226,445



92,256



43,755CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from Redemption of Federal Home Loan Bank and Federal
    Reserve Bank Stock


4,510



2,350



4,074Proceeds from Matured or Called Securities Available for Sale


130,125



62,144



147,320Proceeds from Sales of Investment Securities Available for Sale


31,832



93,685



28,501Repayments and Redemption of Investment Securities Held to
    Maturity


24







Proceeds from Sales of Other Real Estate Owned


25,113



4,917



2,128Net Decrease (Increase) in Loans Receivable


294,701



354,328



(95,286
)Purchases of Federal Home Loan Bank and Federal Reserve Bank
    Stock


(666
)






(10,261
)Purchases of Investment Securities Available for Sale


(448,428
)


(89,357
)


(24,580
)Purchases of Premises and Equipment


(1,228
)


(988
)


(2,379
)Net Cash Provided By Investing Activities


35,983



427,079



49,517CASH FLOWS FROM FINANCING ACTIVITIES:Increase (Decrease) in Deposits


(282,606
)


(320,753
)


68,381Net Proceeds from Issuance of Common Stock in Offering


116,271



6,839



Proceeds from Exercises of Stock Options


22







Cash Paid to Repurchase Stock Options and Stock Warrants










(70
)Cash Dividends Paid










(3,853
)Proceeds from Long-Term Federal Home Loan Bank Advances and
    Other Borrowings










250,000Repayment of Long-Term Federal Home Loan Bank Advances and Other
    Borrowings


(328
)


(107,218
)


(468
)Net Change in Short-Term Federal Home Loan Bank Advances and
    Other Borrowings


(177
)


(160,040
)


(313,713
)Net Cash (Used In) Provided By Financing Activities


(166,818
)


(581,172
)


277NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS


95,610



(61,837
)


93,549Cash and Cash Equivalents at Beginning of Year


154,110



215,947



122,398CASH AND CASH EQUIVALENTS AT END OF YEAR

$
249,720


$
154,110


$
215,947SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:Cash Paid During the Period for:Interest Paid

$
35,278


$
88,851


$
107,071Income Taxes (Refunds) Paid

$
(49,971
)

$



$
13,873Non-Cash Activities:Stock Issued for Business Acquisition

$



$
46


$
293Transfer of Loans to Other Real Estate Owned

$
12,992


$
38,726


$
2,988Transfer of Loans to Loans Held for Sale

$
155,176


$



$
Loans Provided in the Sale of Other Real Estate Owned

$
1,217


$
5,000


$
Issuance of Stock Warrants in Connection with Common Stock
    Offering

$
1,962


$



$
Transfer of Equity Securities from Other Assets to Securities
    Available for Sale

$



$



$
511   See Accompanying Notes to
    Consolidated Financial Statements.
 99




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
 NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND 2008
  NOTE 1 
    REGULATORY MATTERS AND GOING CONCERN CONSIDERATION
      Written
    Agreement and Final Order
      Ratio of Tangible ShareholdersDate

Equity to Total Tangible AssetsBy July 31, 2010
    From December 31, 2010 and Until the Order is Terminated

Not Less Than 9.0 Percent
    Not Less Than 9.5 Percent  100




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 1 
    REGULATORY MATTERS AND GOING CONCERN CONSIDERATION (Continued)
      Risk-Based
    Capital
   101




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 1 
    REGULATORY MATTERS AND GOING CONCERN CONSIDERATION (Continued)
    Minimum


Minimum to BeRegulatory


Categorized asActual


Requirement


Well CapitalizedAmount


Ratio


Amount


Ratio


Amount


Ratio(Dollars in Thousands)December 31, 2010Total Capital (to Risk-Weighted Assets):Hanmi Financial

$
284,345



12.32
%

$
184,570



8.00
%


N/A



N/AHanmi Bank

$
281,380



12.22
%

$
184,187



8.00
%

$
230,234



10.00
%Tier 1 Capital (to Risk-Weighted Assets):Hanmi Financial

$
232,676



10.09
%

$
92,285



4.00
%


N/A



N/AHanmi Bank

$
251,111



10.91
%

$
92,094



4.00
%

$
138,141



6.00
%Tier 1 Capital (to Average Assets):Hanmi Financial

$
232,676



7.90
%

$
117,774



4.00
%


N/A



N/AHanmi Bank

$
251,111



8.55
%

$
117,494



4.00
%

$
146,868



5.00
%December 31, 2009Total Capital (to Risk-Weighted Assets):Hanmi Financial

$
262,796



9.12
%

$
230,614



8.00
%


N/A



N/AHanmi Bank

$
261,194



9.07
%

$
230,261



8.00
%

$
287,826



10.00
%Tier 1 Capital (to Risk-Weighted Assets):Hanmi Financial

$
194,749



6.76
%

$
115,307



4.00
%


N/A



N/AHanmi Bank

$
223,700



7.77
%

$
115,131



4.00
%

$
172,696



6.00
%Tier 1 Capital (to Average Assets):Hanmi Financial

$
194,749



5.82
%

$
133,945



4.00
%


N/A



N/AHanmi Bank

$
223,700



6.69
%

$
133,770



4.00
%

$
167,212



5.00
%   Reserve
    Requirement
    Going
    Concern
   102




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 1 
    REGULATORY MATTERS AND GOING CONCERN CONSIDERATION (Continued)
        NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  Summary
    of Operations
    Korean-American
   103




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
    Basis
    of Presentation
    tm
  Principles
    of Consolidation
    Use of
    Estimates in the Preparation of Financial
    Statements
  other-than-temporary
  Reclassifications
   104




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
  Risks
    and Uncertainties
  Risks and Uncertainties,
  Note 1  Regulatory
    Matters and Going Concern Consideration.
  Note 5 
    Loans. Note 20 
    Liquidity.
  Cash
    and Cash Equivalents
    Securities
    1.
    Securities that we have the positive intent and ability to hold
    to maturity are classified as
    held-to-maturity
    and reported at amortized cost;2.
    Securities that are bought and held principally for the purpose
    of selling them in the near future are classified as
    trading securities and reported at fair value.
    Unrealized gains and losses are recognized in earnings; and3.
    Securities not classified as
    held-to-maturity
    or trading securities are classified as available for
    sale and reported at fair value. Unrealized gains and
    losses are reported as a separate component of
    stockholders equity as accumulated other comprehensive
    income, net of income taxes. 105




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
     other-than-temporary other-than-temporary other-than-temporary
  other-than-temporary other-than-temporarily other-than-temporarily
   106




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
    Loans
    Receivable
        Loans
    Held for Sale
   107




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
    Allowance
    for Loan Losses
           108




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
             109




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
       1.
    the present value of the expected future cash flows, discounted
    at the loans effective interest rate; or2.
    the loans observable fair value; or3.
    the fair value of the collateral, if the loan is
    collateral-dependent.  Interagency Policy Statement on
    the Allowance for Loan and Lease Losses and/or
  Premises
    and Equipment
    Buildings and Improvements

10 to 30 yearsFurniture and Equipment

3 to 7 YearsLeasehold Improvements

Term of Lease or Useful Life, Whichever is ShorterSoftware

3 Years   Impairment
    of Long-Lived Assets
  Property, Plant and
    Equipment.
 110




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
    Other
    Real Estate Owned
    Servicing
    Assets
  Transfers and Servicing
      Goodwill
  Intangibles-Goodwill and Other,
 111




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
      Other
    Intangible Assets
      Federal
    Home Loan Bank Stock
   112




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
    Federal
    Reserve Bank Stock
    Derivative
    Instruments
  Derivatives and Hedging 
    Overall.
     113




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
      mark-to-market
  Bank-Owned
    Life Insurance
    Affordable
    Housing Investments
    Junior
    Subordinated Debentures
    Consolidation of Variable Interest
    Entities (Revised December 2003)  an Interpretation
    of ARB No. 51,
 114




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
    Income
    Taxes
    Share-Based
    Compensation
  Compensation-Stock
    Compensation, Accounting
    for Stock-Based Compensation.
      Earnings
    (Loss) Per Share
   115




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
     NOTE 2 
    SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES (Continued)
   Treasury
    Stock
    Recently
    Issued Accounting Standards
  FASB ASU
    2011-01,
    Receivable (Topic 310), Deferral of the Effective Date of
    Disclosure about Troubled Debt Restructurings in Update
    No. 2010-20 2011-01 2010-20
  FASB ASU
    2010-20,
    Receivable (Topic 310), Disclosures about the Credit
    Quality of Financing Receivables and the Allowance for Credit
    Losses 2010-20 2010-20
  FASB ASC 860, Transfers and Servicing ASC 810-10-50.
  FASB ASU
    2010-06,
    Fair Value Measurements and Disclosures (Topic 820) 2010-06
 116




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
  2010-06 2010-06
  NOTE 3 
    FAIR VALUE MEASUREMENTS
  Fair
    Value Measurements
  Fair Value Measurements and
    Disclosures,
  Financial Instruments, Note 4  Investment
    Securities.
  2010-06, Fair Value Measurements and Disclosures (Topic
    820) 2010-06 2010-06 2010-06 Note 3  Fair Value
    Measurements.
 117




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 3  FAIR
    VALUE
    MEASUREMENTS (Continued)
     Investment Securities Available for Sale
  over-the-counter over-the-counter
    SBA Loans Held for Sale
 118




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 3  FAIR
    VALUE
    MEASUREMENTS (Continued)
    Nonperforming loans held for sale
  Impaired Loans Receivables,
  Other Real Estate Owned
  Servicing Assets and Servicing Liabilities
  Other Intangible Assets
  Stock Warrants
 119




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 3  FAIR
    VALUE
    MEASUREMENTS (Continued)
    Investments  Debt and
    Equity Securities, other-than-temporary
  Fair
    Value Measurement
    

Level 1

Quoted prices (unadjusted) for identical assets or liabilities
    in active markets that the entity has the ability to access as
    of the measurement date.

Level 2

Significant other observable inputs other than Level 1
    prices, such as quoted prices for similar assets or liabilities,
    quoted prices in markets that are not active, and other inputs
    that are observable or can be corroborated by observable market
    data.

Level 3

Significant unobservable inputs that reflect a companys
    own assumptions about the assumptions that market participants
    would use in pricing an asset or liability.    120




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 3  FAIR
    VALUE
    MEASUREMENTS (Continued)
     Assets
    and Liabilities Measured at Fair Value on a Recurring
    Basis
      Level 1


Level 2


Level 3SignificantObservableInputs WithQuoted Prices in


No ActiveActive Markets


Market With


Significant


Balance as offor Identical


Identical


Unobservable


December 31,Assets


Characteristics


Inputs


2010(In Thousands)ASSETS:Debt Securities Available for Sale:Residential Mortgage-Backed Securities

$



$
109,842


$



$
109,842U.S. Government Agency Securities


113,334











113,334Collateralized Mortgage Obligations






137,193







137,193Municipal Bonds






21,028







21,028Asset-Backed Securities






7,384







7,384Corporate Bonds






20,205







20,205Other Securities






3,259







3,259Total Debt Securities Available for Sale

$
113.334


$
298,911


$



$
412,245Equity Securities Available for Sale:Financial Services Industry

$
873










$
873Total Equity Securities Available for Sale

$
873


$



$



$
873Total Securities Available for Sale

$
114,207


$
298,911


$



$
413,118LIABILITIES:Stock Warrants

$



$



$
1,600


$
1,600  121




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 3  FAIR
    VALUE
    MEASUREMENTS (Continued)
    Fair Value Measurements Using Significant Unobservable Inputs
    (Level 3)Realized andUnrealizedBeginning



Realized and

Gains or Losses



EndingBalance as of

Purchases,

Unrealized

in Other

Transfers

Balance as ofJanuary 1,

Issuances and

Gains or Losses

Comprehensive

In and/or Out

December 31,2010

Settlements

in Earnings

Income

of Level 3

2010(In Thousands)LIABILITIES:Stock Warrants

$



$
(1,962)


$
362


$



$



$
(1,600)   Assets
    and Liabilities Measured at Fair Value on a Non-Recurring
    Basis
    Level 1

Level 2

Level 3SignificantObservableInputs WithQuoted Prices in

No ActiveActive Markets

Market With

Significant

Losses During thefor Identical

Identical

Unobservable

Year EndedAssets

Characteristics

Inputs

December 31, 2010(In Thousands)ASSETS:Nonperforming Loans Held for Sale

$



$



$
26,591
(1)

$
24,397Impaired Loans

$



$



$
162,593
(2)

$
45,243Other Real Estate Owned

$



$



$
4,089
(3)

$
4,484    (1)
    
    Includes commercial property
    loans of $2.3 million, construction loans of
    $1.4 million, commercial term loan of $14.9 million,
    and SBA loans of $8.0 million.(2)
    
    Includes real estate loans of
    $64.6 million, commercial and industrial loans of
    $97.3 million, and consumer loans of $704,000 .(3)
    
    Includes properties from the
    foreclosure of real estate loans of $1.1 million and
    commercial and industrial loans of $3.0 million.    and/or
 122




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 3  FAIR
    VALUE
    MEASUREMENTS (Continued)
    December 31, 2010


December 31, 2009Carrying


Estimated


Carrying


Estimatedor Contract


Fair


or Contract


FairAmount


Value


Amount


Value(In Thousands)FINANCIAL ASSETS:Cash and Cash Equivalents

$
249,720


$
249,720


$
154,110


$
154,110Investment Securities Held to Maturity


845



847



869



871Investment Securities Available for Sale


413,118



413,118



132,420



132,420Loans Receivable, Net of Allowance for Loan Losses


2,121,067



2,061,988



2,674,064



2,573,080Accrued Interest Receivable


8,048



8,048



9,492



9,492Investment in Federal Home Loan Bank Stock


27,282



27,282



30,697



30,697Investment in Federal Reserve Bank Stock


7,449



7,449



7,878



7,878FINANCIAL LIABILITIES:Noninterest-Bearing Deposits


546,815



546,815



556,306



556,306Interest-Bearing Deposits


1,919,906



1,927,314



2,193,022



2,197,866Borrowings


237,626



233,077



236,453



237,354Accrued Interest Payable


15,966



15,966



12,606



12,606OFF-BALANCE SHEET ITEMS:Commitments to Extend Credit


178,424



130



262,821



177Standby Letters of Credit


15,226



50



17,225



37     Cash and Cash Equivalents
  Investment Securities
  Loans Receivable, Net of Allowance for Loan
    Losses
 123




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 3  FAIR
    VALUE
    MEASUREMENTS (Continued)
  Accrued Interest Receivable
  Investment in Federal Home Loan Bank and Federal Reserve Bank
    Stock
  Noninterest-Bearing Deposits
  Interest-Bearing Deposits
  Borrowings
  Accrued Interest Payable
  Stock Warrants
  Commitments to Extend Credit and Standby Letters of
    Credit
 124




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
  NOTE 4 
    INVESTMENT SECURITIES
    Gross


Gross


EstimatedAmortized


Unrealized


Unrealized


FairCost


Gain


Loss


Value(In Thousands)December 31, 2010:Municipal Bonds

$
696


$



$



$
696Mortgage-Backed Securities
    (1)


149



2







151$
845


$
2


$



$
847December 31, 2009:Municipal Bonds

$
696


$



$



$
696Mortgage-Backed Securities
    (1)


173



2







175$
869


$
2


$



$
871    (1)
    
    Collateralized by residential
    mortgages and guaranteed by U.S. government sponsored
    entities.    Gross


Gross


EstimatedAmortized


Unrealized


Unrealized


FairCost


Gain


Loss


Value(In Thousands)December 31, 2010:Mortgage-Backed Securities
    (1)

$
108,436


$
2,137


$
731


$
109,842Collateralized Mortgage Obligations
    (1)


139,053



470



2,330



137,193U.S. Government Agency Securities


114,066



98



830



113,334Municipal Bonds


22,420



48



1,440



21,028Corporate Bonds


20,449



13



257



20,205Asset-Backed Securities


7,115



269







7,384Other Securities


3,305







46



3,259Equity Securities


647



226







873$
415,491


$
3,261


$
5,634


$
413,118December 31, 2009:Mortgage-Backed Securities
    (1)

$
65,218


$
1,258


$
144


$
66,332U.S. Government Agency Securities


33,325







562



32,763Collateralized Mortgage Obligations
    (1)


12,520



269







12,789Asset-Backed Securities


8,127



61







8,188Municipal Bonds


7,369



82



92



7,359Other Securities


3,925



332



62



4,195Equity Securities


511



283







794$
130,995


$
2,285


$
860


$
132,420    (1)
    
    Collateralized by residential
    mortgages and guaranteed by U.S. government sponsored
    entities. 125




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 4 
    INVESTMENT
    SECURITIES (Continued)
     Available for Sale


Held to MaturityAmortized


Estimated


Amortized


EstimatedCost


Fair Value


Cost


Fair Value(In Thousands)Within One Year

$



$



$



$
Over One Year Through Five Years


114,447



113,525



696



696Over Five Years Through Ten Years


31,074



31,025







Over Ten Years


21,834



20,660







Mortgage-Backed Securities


108,436



109,842



149



151Collateralized Mortgage Obligations


139,053



137,193







Equity Securities


647



873







$
415,491


$
413,118


$
845


$
847   Investments  Debt and Equity
    Securities, other-than-temporary available-for-sale
     126




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 4 
    INVESTMENT
    SECURITIES (Continued)
    Holding PeriodLess than 12 Months


12 Months or More


TotalGross


Estimated


Number


Gross


Estimated


Number


Gross


Estimated


NumberInvestment Securities

Unrealized


Fair


of


Unrealized


Fair


of


Unrealized


Fair


ofAvailable for Sale

Losses


Value


Securities


Losses


Value


Securities


Losses


Value


Securities(In Thousands)December 31, 2010:Mortgage-Backed Securities

$
731


$
62,738



16


$



$







$
731


$
62,738



16Collateralized Mortgage Obligations


2,330



99,993



20















2,330



99,993



20Municipal Bonds


1,440



16,907



11















1,440



16,907



11U.S. Government Agency Securities


830



69,266



14















830



69,266



14Other Securities


3



1,997



2



43



957



1



46



2,954



3Corporate Bonds


257



17,210



5















257



17,210



5$
5,591


$
268,111



68


$
43


$
957



1


$
5,634


$
269,068



69December 31, 2009:Mortgage-Backed Securities

$
144


$
14,584



3


$



$







$
144


$
14,584



3Municipal Bonds


12



303



1



80



793



1



92



1,096



2U.S. Government Agency Securities


562



32,764



6















562



32,764



6Other Securities


24



1,976



2



38



961



1



62



2,937



3$
742


$
49,627



12


$
118


$
1,754



2


$
860


$
51,381



14      127




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 4 
    INVESTMENT
    SECURITIES (Continued)
  other-than-temporarily
  other-than-temporarily
  other-than-temporarily
      Year Ended December 31,2010


2009


2008(In Thousands)Gross Realized Gains on Sales of Investment Securities

$
228


$
2,327


$
618Gross Realized Losses on Sales of Investment Securities


(106
)


(494
)


(541
)Net Realized Gains on Sales of Investment Securities

$
122


$
1,833


$
77Proceeds from Sales of Investment Securities

$
31,832


$
93,685


$
28,501Tax Expense on Sales of Investment Securities

$
52


$
771


$
32  128




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 4 
    INVESTMENT
    SECURITIES (Continued)
     NOTE 5 
    LOANS
       129




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
  Loans
    Receivable
    December 31,2010


2009(In Thousands)Real Estate Loans:Commercial Property

$
729,222


$
839,598Construction


60,995



126,350Residential Property


62,645



77,149Total Real Estate Loans


852,862



1,043,097Commercial and Industrial Loans:
    (1)Commercial Term Loans


1,118,999



1,420,034Commercial Lines of Credit


59,056



101,159SBA Loans


105,688



134,521International Loans


44,167



53,488Total Commercial and Industrial Loans


1,327,910



1,709,202Consumer Loans


50,300



63,303Total Gross Loans


2,231,072



2,815,602Allowance for Loans Losses


(146,059
)


(144,996
)Deferred Loan Fees


(566
)


(1,552
)Loans Receivable, Net

$
2,084,447


$
2,669,054    (1)
    Commercial and industrial loans include owner-occupied
    property loans of $894.8 million and $1.12 billion as
    of December 31, 2010 and December 31, 2009,
    respectively.   130




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
   Allowance
    for Loan Losses and Allowance for Off-Balance Sheet
    Items
    As of and for the Year Ended December 31,2010


2009


2008Allowance





Allowance





Allowancefor Off-





for Off-





for Off-Allowance


Balance


Allowance


Balance


Allowance


Balancefor Loan


Sheet


for Loan


Sheet


for Loan


SheetLosses


Items


Losses


Items


Losses


Items(In Thousands)Balance at Beginning of Year

$
144,996


$
3,876


$
70,986


$
4,096


$
43,611


$
1,765Provision Charged to Operating Expense


122,955



(459
)


196,607



(220
)


73,345



2,331Loans Charged Off


(131,823
)






(125,380
)






(48,152
)


Recoveries


9,931







2,783







2,182



Balance at End of Year

$
146,059


$
3,417


$
144,996


$
3,876


$
70,986


$
4,096  131




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
    CommercialReal Estate


and Industrial


Consumer


Unallocated


Total(Dollars in Thousands)2010Allowance for Loan Losses:Beginning Balance

$
30,081


$
112,225


$
2,690


$



$
144,996Charge-Offs


31,514



99,037



1,272







131,823Recoveries on Loans Previously Charged Off


3,131



6,623



177







9,931Provision


31,068



89,175



484



2,228



122,955Ending Balance

$
32,766


$
108,986


$
2,079


$
2,228


$
146,059Ending Balance: Individually Evaluated for Impairment

$
3,342


$
25,714


$
393


$



$
29,449Ending Balance: Collectively Evaluated for Impairment

$
29,423


$
83,272


$
1,686


$
2,228


$
116,611Loans Receivable:Ending Balance

$
852,861


$
1,327,911


$
50,300


$



$
2,231,072Ending Balance: Individually Evaluated for Impairment

$
83,788


$
112,101


$
934


$



$
196,823Ending Balance: Collectively Evaluated for Impairment

$
769,073


$
1,215,810


$
49,366


$



$
2,034,2492009Allowance for Loan Losses:Beginning Balance

$
10,136


$
58,866


$
1,584


$
400


$
70,986Charge-Offs


27,262



95,768



2,350







125,380Recoveries on Loans Previously Charged Off


5



2,650



128







2,783Provision


47,202



146,477



3,328



(400
)


196,607Ending Balance

$
30,081


$
112,225


$
2,690


$



$
144,996Ending Balance: Individually Evaluated for Impairment

$
1,596


$
21,029


$
523


$



$
23,148Ending Balance: Collectively Evaluated for Impairment

$
28,484


$
91,196


$
2,167


$



$
121,847Loans Receivable:Ending Balance

$
1,043,097


$
1,709,202


$
63,303


$



$
2,815,602Ending Balance: Individually Evaluated for Impairment

$
77,353


$
121,788


$
524


$



$
199,665Ending Balance: Collectively Evaluated for Impairment

$
965,744


$
1,587,414


$
62,779


$



$
2,615,937   Credit
    Quality Indicators
   132




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
                 133




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
         134




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
  Pass


Criticized


Classified(Grade 0-4)


(Grade 5)


(Grade 6-7)


Total Loans(In Thousands)December 31, 2010:Real Estate Loans:Commercial PropertyRetail

$
302,696


$
18,507


$
38,568


$
359,771Land


3,845







37,353



41,198Other


265,957



20,804



41,493



328,254Construction


12,958



25,897



22,139



60,994Residential Property


59,329







3,315



62,644Commercial and Industrial Loans:Commercial Term LoansUnsecured


134,709



24,620



63,739



223,068Secured by Real Estate


617,200



107,645



171,086



895,931Commercial Lines of Credit


40,195



8,019



10,841



59,055SBA Loans


68,994



731



35,965



105,690International Loans


38,447



4,693



1,027



44,167Consumer Loans


48,027



347



1,926



50,300Total

$
1,592,357


$
211,263


$
427,452


$
2,231,072December 31, 2009:Real Estate Loans:Commercial PropertyRetail

$
352,021


$
6,105


$
56,914


$
415,040Land


3,357



2,638



59,654



65,649Other


306,881



10,484



41,545



358,910Construction


90,348



16,696



19,305



126,349Residential Property


72,646







4,503



77,149Commercial and Industrial Loans:Commercial Term LoansUnsecured


207,544



15,240



64,261



287,045Secured by Real Estate


846,023



67,593



219,373



1,132,989Commercial Lines of Credit


74,821



14,593



11,744



101,158SBA Loans


98,986



1,845



33,691



134,522International Loans


41,680



7,404



4,404



53,488Consumer Loans


62,830







473



63,303Total

$
2,157,137


$
142,598


$
515,867


$
2,815,602  135




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
    Accruing90 Days or











90 Days or30-59 Days


60-89 Days


More Past


Total Past








More PastPast Due


Past Due


Due


Due


Current


Total Loans


Due(In Thousands)December 31, 2010:Real Estate Loans:Commercial PropertyRetail

$



$



$
7,857


$
7,857


$
351,913


$
359,770


$
Land










25,725



25,725



15,471



41,196



Other










7,212



7,212



321,043



328,255



Construction


10,409







8,477



18,886



42,108



60,994



Residential Property


522







1,240



1,762



60,883



62,645



Commercial and Industrial Loans:Commercial Term LoansUnsecured


2,208



2,781



6,842



11,831



211,237



223,068



Secured by Real Estate


5,111



3,720



10,530



19,361



876,570



895,931



Commercial Lines of Credit


454







1,745



2,199



56,857



59,056



SBA Loans


2,287



8,205



13,957



24,449



81,241



105,690



International Loans


















44,167



44,167



Consumer Loans


596



202



865



1,663



48,637



50,300



Total

$
21,587


$
14,908


$
84,450


$
120,945


$
2,110,127


$
2,231,072


$
December 31, 2009:Real Estate Loans:Commercial PropertyRetail

$



$
846


$
16,622


$
17,468


$
397,572


$
415,040


$
Land










8,997



8,997



56,651



65,648



Other


1,310



2,340



14,171



17,821



341,089



358,910



Construction










15,185



15,185



111,165



126,350



Residential Property


603



751



2,111



3,465



73,684



77,149



Commercial and Industrial Loans:Commercial Term LoansUnsecured


5,231



8,599



9,768



23,598



263,447



287,045



Secured by Real Estate


15,924



2,283



34,836



53,043



1,079,946



1,132,989



Commercial Lines of Credit


1,790



53



1,671



3,514



97,645



101,159



SBA Loans


5,066



11,611



24,396



41,073



93,448



134,521



International Loans






594







594



52,894



53,488



Consumer Loans


637



245



373



1,255



62,048



63,303



67Total

$
30,561


$
27,322


$
128,130


$
186,013


$
2,629,589


$
2,815,602


$
67  136




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
  Impaired
    Loans
       137




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
     Unpaid


With No Related


With an





AverageRecorded


Principal


Allowance


Allowance


Related


RecordedInvestment


Balance


Recorded


Recorded


Allowance


Investment(In thousands)December 31, 2010:Real Estate Loans:Commercial PropertyRetail

$
17,606


$
18,050


$
6,336


$
11,270


$
1,543


$
21,190Land


35,207



35,295



5,482



29,725



1,485



40,858Other


11,357



11,476



10,210



1,147



33



15,342Construction


17,691



17,831



13,992



3,699



280



12,311Residential Property


1,926



1,990



1,926











2,383Commercial and Industrial Loans:Commercial Term LoansUnsecured


17,847



18,799



6,465



11,382



10,313



18,460Secured by Real Estate


80,213



81,395



35,154



45,059



11,831



101,617Commercial Lines of Credit


4,067



4,116



1,422



2,645



1,321



4,988SBA Loans


17,715



18,544



7,112



10,603



2,122



23,213International Loans


127



141







127



127



397Consumer Loans


934



951



393



541



393



639Total

$
204,690


$
208,588


$
88,492


$
116,198


$
29,448


$
241,398December 31, 2009:Real Estate Loans:Commercial PropertyRetail

$
19,233


$
19,430


$
17,170


$
2,063


$
120


$
15,834Land


22,960



22,978



19,889



3,071



461



10,801Other


16,640



16,924



14,747



1,893



176



17,283Construction


15,185



15,204



9,823



5,362



444



23,677Residential Property


3,335



3,459



1,989



1,346



395



2,512Commercial and Industrial Loans:Commercial Term LoansUnsecured


19,094



19,373



2,680



16,414



14,806



17,777Secured by Real Estate


83,875



84,528



48,806



35,069



4,075



98,898Commercial Lines of Credit


1,906



1,951



1,345



561



343



2,235SBA Loans


20,040



20,567



10,126



9,914



1,805



17,033International Loans


739



742



739











1,717Consumer Loans


524



531







524



524



890Total

$
203,531


$
205,687


$
127,314


$
76,217


$
23,149


$
208,657    138




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
      Year Ended December 31,2010


2009


2008(In Thousands)Interest Income That Would Have Been Recognized Had Impaired
    Loans Performed in Accordance with Their Original Terms

$
20,848


$
17,471


$
7,327Less: Interest Income Recognized on Impaired Loans
    (1)


(11,473
)


(9,569
)


(5,422
)Interest Foregone on Impaired Loans

$
9,375


$
7,902


$
1,905    (1)     Includes interest income
    recognized on an accrual basis prior to classification as
    impaired.
    Non-Accrual
    loans
   139




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
    December 31,2010


2009(In Thousands)Real Estate Loans:Commercial PropertyRetail

$
10,998


$
19,234Land


25,725



22,960Other


8,953



16,734Construction


17,691



15,185Residential Property


1,926



3,335Commercial and Industrial Loans:Commercial Term LoansUnsecured


17,065



24,003Secured by Real Estate


31,053



78,673Commercial Lines of Credit


2,798



1,906SBA Loans


25,054



34,540International Loans


127



739Consumer Loans


1,047



622Total

$
142,437


$
217,931     December 31,2010


2009(In Thousands)Non-Accrual Loans

$
142,437


$
217,931Loans 90 Days or More Past Due and Still Accruing






67Total Non-Performing Loans


142,437



217,998Other Real Estate Owned


4,089



26,306Total Non-Performing Assets

$
146,526


$
244,304    140




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 5 
    LOANS (Continued)
    Troubled
    Debt Restructured Loans
    Servicing
    Assets
    December 31,2010


2009(In Thousands)Balance at Beginning of Year

$
3,842


$
3,791Additions


81



874Changes in Valuation Allowance






Amortization


(1,033
)


(823
)Balance at End of Year

$
2,890


$
3,842    141




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
  NOTE 6 
    PREMISES AND EQUIPMENT
    December 31,2010


2009(In Thousands)Land

$
6,120


$
6,120Buildings and Improvements


9,115



9,035Furniture and Equipment


15,377



14,468Leasehold Improvements


11,238



11,240Software


862



86242,712



41,725Accumulated Depreciation and Amortization


(25,113
)


(23,068
)Total Premises and Equipment, Net

$
17,599


$
18,657     NOTE 7 
    OTHER INTANGIBLE ASSETS
    December 31, 2010


December 31, 2009Gross





Net


Gross





NetAmortization


Carrying


Accumulated


Carrying


Carrying


Accumulated


CarryingPeriod


Amount


Amortization


Amount


Amount


Amortization


Amount(In Thousands)Other Intangible Assets:Core Deposit Intangible


8 years


$
13,137


$
(12,687
)

$
450


$
13,137


$
(11,822
)

$
1,315Trade Names


20 years



970



(194
)


776



970



(146
)


824Client/Insured Relationships


10 years



770



(308
)


462



770



(231
)


539Non-Compete Agreements


5 years



600



(480
)


120



600



(360
)


240Carrier Relationships


15 years



580



(155
)


425



580



(116
)


464Total Other Intangible Assets





$
16,057


$
(13,824
)

$
2,233


$
16,057


$
(12,675
)

$
3,382    142




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 7 
    OTHER INTANGIBLE
    ASSETS (Continued)
     Year EndingDecember 31,

Amount(In Thousands)2011

$
7002012

$
1982013

$
1652014

$
1642015

$
164     NOTE 8 
    DEPOSITS
    TimeDeposits


OtherYear Ending

of $100,000


TimeDecember 31,

or More


Deposits


Total(In Thousands)2011

$
597,993


$
211,516


$
809,5092012


516,747



71,711



588,4582013


3,881



1,421



5,3022014






60



602015






128



128Thereafter










Total

$
1,118,621


$
284,836


$
1,403,457     Year Ended December 31,2010


2009


2008(In Thousands)Savings

$
3,439


$
2,328


$
2,093Money Market Checking and NOW Accounts


4,936



9,786



19,909Time Deposits of $100,000 or More


19,529



34,807



43,598Other Time Deposits


6,504



29,325



18,753Total Interest Expense on Deposits

$
34,408


$
76,246


$
84,353    143




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 8 
    DEPOSITS (Continued)
      NOTE 9 
    FHLB ADVANCES AND OTHER BORROWINGS
    December 31,2010


2009(In Thousands)FHLB Advances

$
153,650


$
153,978Note Issued to U.S. Treasury


1,570



1,747Total FHLB Advances and Other Borrowings

$
155,220


$
155,725     December 31, 2010Weighted-AverageInterestYear of Maturity

Amount

Rate(Dollars in Thousands)2011

$
150,000



0.76
%2012






2013






2014


3,650



5.27
%$
153,650



0.87
%     Year Ended December 31,2010

2009

2008(Dollars in Thousands)Weighted-Average Interest Rate at End of Year


0.87%



0.88%



1.21%Weighted-Average Interest Rate During the Year


0.88%



1.32%



2.81%Average Balance of FHLB Advances

$
158,531


$
257,529


$
498,875Maximum Amount Outstanding at Any Month-End

$
153,951


$
411,156


$
597,472    144




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 9 
    FHLB ADVANCES AND OTHER
    BORROWINGS (Continued)
        NOTE 10 
    JUNIOR SUBORDINATED DEBENTURES
    Trust


Interest







JuniorPreferred


Rate as of







Subordinated


FinalSecurities


December 31,


Fixed/


Interest Rate

Debt Owed


MaturityDescription

Issuance(1)

Outstanding


2009


Adjustable


Basis

to
    Trusts(2)


DateHanmi Capital
    Trust I

1/8/2004

$
30,000



3.15
%


Adjustable quarterly


3 month
    LIBOR + 2.90%

$
30,928


1/15/2034Hanmi Capital
    Trust II

3/15/2004

$
30,000



3.15
%


Adjustable quarterly


3 month
    LIBOR + 2.90%

$
30,928


3/15/2034Hanmi Capital
    Trust III

4/28/2004

$
20,000



2.91
%


Adjustable quarterly


3 month
    LIBOR + 2.63%

$
20,619


4/30/2034   (1)
    
    Each issue of junior
    subordinated debentures may be redeemed in whole or in part by
    us after five years from the first interest payment
    date.(2)
    
    Junior subordinated debt
    includes the funding cost of $69,000   145




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 10 
    JUNIOR SUBORDINATED
    DEBENTURES (Continued)
         30-year
    NOTE 11 
    INCOME TAXES
  Income
    Taxes.
 146




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 11 
    INCOME
    TAXES (Continued)
        December 31,


December 31,2010


2009(In Thousands)Unrecognized Tax Benefits at Beginning of Year

$
1,819


$
1,437Gross Increases for Tax Positions of Prior Years


198



589Gross Decreases for Tax Positions of Prior Years






(167
)Increases in Tax Positions for Current Year






80Decrease due to FTB Audit result


(526
)


Transfer to current state tax reserve


(336
)


Lapse in Statute of Limitations


(200
)


(120
)Unrecognized Tax Benefits at End of Year

$
955


$
1,819        147




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 11 
    INCOME
    TAXES (Continued)
       Year Ended December 31,2010


2009


2008(In Thousands)Current Expense:Federal

$
(3,224
)

$
(56,829
)

$
7,020State


(349
)


(312
)


2,879(3,573
)


(57,141
)


9,899Deferred Expense:Federal


3,561



18,343



(7,590
)State






7,673



(3,664
)3,561



26,016



(11,254
)Provision (Benefit) for Income Taxes

$
(12
)

$
(31,125
)

$
(1,355
)  148




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 11 
    INCOME
    TAXES (Continued)
    December 31,2010


2009(In thousands)Deferred Tax Assets:Credit Loss Provision

$
69,532


$
64,254Depreciation


1,203



1,618Net Operating Loss Carryforward


39,994



17,758Unrealized Loss on Securities Available for Sale, Interest-Only
    Strips


988



Tax Credit


4,059



587State Taxes


90



Other


4,259



3,844Total Deferred Tax Assets


120,125



88,061Deferred Tax Liabilities:Mark to Market


(21,696
)


(32,287
)Purchase Accounting


(3,747
)


(4,260
)Unrealized Gain on Securities Available for Sale, Interest-Only
    Strips






(602
)State Taxes






(53
)Other


(2,003
)


(2,017
)Total Deferred Tax Liabilities


(27,446
)


(39,219
)Valuation Allowance


(92,679
)


(45,234
)Net Deferred Tax Assets

$



$
3,608    149




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 11 
    INCOME
    TAXES (Continued)
     Year Ended December 31,2010


2009


2008Federal Statutory Income Tax Rate


35.0
%


35.0
%


35.0
%State Taxes, Net of Federal Tax Benefits


(0.1
)%


(3.4
)%


0.5
%Tax-Exempt Municipal Securities


0.1
%


0.5
%


0.9
%Tax Credit  Federal


1.5
%


0.7
%


0.9
%Other


1.6
%


0.3
%


0.3
%Valuation Allowance


(38.0
)%


(12.8
)%


Impairment Loss on Goodwill










(36.3
)%Effective Tax Rate


0.1
%


20.3
%


1.3
%     NOTE 12 
    SHARE-BASED COMPENSATION
        Year Ended December 31,2010


2009


2008Share-Based Compensation Expense

$
1,012


$
906


$
1,036Related Tax Benefits

$
426


$
381


$
436  150




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 12 
    SHARE-BASED
    COMPENSATION (Continued)
    Unrecognized


Average ExpectedExpense


Recognition Period(Dollars in Thousands)Stock Option Awards

$
407



1.2 yearsRestricted Stock Awards


219



2.8 yearsTotal Unrecognized Share-Based Compensation Expense

$
626



1.8 years   2007
    Equity Compensation Plan and 2000 Stock Option
    Plan
  Stock
    Options
      Year Ended December 31,2010

2009

2008Weighted-Average Estimated Fair Value Per Share of Options
    Granted

$



$
0.64


$
1.54     Year Ended December 31,2010

2009

2008Weighted-Average Assumptions:Dividend Yield






0.00%



1.78%Expected Volatility






51.28%



35.89%Expected Term






5.0 years



3.1 yearsRisk-Free Interest Rate






1.89%



3.04%    151




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 12 
    SHARE-BASED
    COMPENSATION (Continued)
    Year Ended December 31,2010


2009


2008(In Thousands)Grant Date Fair Value of Options Granted

$



$
173


$
216Fair Value of Options Vested

$
538


$
993


$
1,249Total Intrinsic Value of Options Exercised
    (1)

$
14


$



$
Cash Received from Options Exercised

$
22


$



$
Actual Tax Benefit Realized from Tax Deductions on Options
    Exercised

$



$



$
    (1)

Intrinsic value represents the difference between the closing
    stock price on the exercise date and the exercise price,
    multiplied by the number of options.     Year Ended December 31,2010


2009


2008Weighted-





Weighted-





Weighted-Average





Average





AverageNumber


Exercise


Number


Exercise


Number


Exerciseof


Price Per


of


Price Per


of


Price PerShares


Share


Shares


Share


Shares


ShareOptions Outstanding at Beginning of Year


1,180,358


$
11.78



1,323,467


$
14.05



1,472,766


$
15.33Options Granted





$




270,000


$
1.39



140,000


$
6.28Options Exercised


(16,000
)

$
1.35






$







$
Options Forfeited


(8,200
)

$
17.12



(154,111
)

$
11.93



(208,467
)

$
17.36Options Expired


(89,267
)

$
11.38



(258,998
)

$
12.45



(80,832
)

$
15.33Options Outstandingat End of Year


1,066,891


$
11.93



1,180,358


$
11.78



1,323,467


$
14.05Options Exercisable at End of Year


796,691


$
13.94



743,958


$
14.21



778,245


$
13.51  152




---



##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 12 
    SHARE-BASED
    COMPENSATION (Continued)
    Year Ended December 31,2010


2009


2008Weighted-





Weighted-





Weighted-Average





Average





AverageNumber


Grant Date


Number


Grant Date


Number


Grant Dateof


Fair Value


of


Fair Value


of


Fair ValueShares


Per Share


Shares


Per Share


Shares


Per ShareNon-Vested Options Outstanding at Beginning of Year


436,400


$
2.71



545,222


$
4.79



855,132


$
5.47Options Granted





$




270,000


$
0.64



140,000


$
1.54Options Vested


(158,000
)

$
3.41



(224,711
)

$
4.42



(241,443
)

$
5.17Options Forfeited


(8,200
)

$
5.50



(154,111
)

$
3.96



(208,467
)

$
4.92Non-Vested Options Outstanding at End of Year


270,200


$
2.22



436,400


$
2.71



545,222


$
4.79     Options Outstanding


Options ExercisableWeighted-


Weighted-








Weighted-


Weighted-Average


Average








Average


AverageExercise


Remaining








Exercise


RemainingExercise

Number


Intrinsic


Price Per


Contractual


Number


Intrinsic


Price Per


ContractualPrice Range

of Shares


Value(1)


Share


Life


of Shares


Value(1)


Share


Life(Dollars in Thousands, Except Per Share Data)$1.35 to $4.99


219,000


$



$
1.37



8.3 years



31,000


$



$
1.38



8.3 years$5.00 to $9.99


168,191






$
6.91



4.6 years



156,191






$
6.71



4.4 years$10.00 to $14.99


265,500






$
13.51



3.2 years



265,500






$
13.51



3.2 years$15.00 to $19.99


342,200






$
17.90



5.4 years



272,000






$
17.91



5.3 years$20.00 to $21.63


72,000






$
21.63



5.9 years



72,000






$
21.63



5.9 years1,066,891


$



$
11.93



5.4 years



796,691


$



$
13,94



4.6 years     (1)
    
    Intrinsic value represents the
    difference between the closing stock price on the last trading
    day of the period, which was $1.15 as of December 31, 2010,
    and the exercise price, multiplied by the number of
    options.  Restricted
    Stock Awards
   153




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 12 
    SHARE-BASED
    COMPENSATION (Continued)
   Year Ended December 31,2010

2009

2008Weighted-



Weighted-



Weighted-Average



Average



AverageNumber

Grant Date

Number

Grant Date

Number

Grant Dateof

Fair Value

of

Fair Value

of

Fair ValueShares

Per Share

Shares

Per Share

Shares

Per ShareRestricted Stock at Beginning of Year


183,400


$
1.87



20,200


$
11.42



19,000


$
13.48Restricted Stock Granted





$




205,000


$
1.41



10,000


$
6.68Restricted Stock Forfeited





$




(38,000
)

$
3.44



(5,000
)

$
8.21Restricted Stock Vested


(37,800
)

$
2.19



(3,800
)

$
10.59



(3,800
)

$
10.59Restricted Stock at End of Year


145,600


$
1.77



183,400


$
1.87



20,200


$
11.42    NOTE 13 
    STOCKHOLDERS EQUITY
  Stock
    Warrants
  Derivatives and Hedging  Contracts in
    Entitys Own Stock
   154




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 13 
    STOCKHOLDERS
    EQUITY (Continued)
    NOTE 14 
    EARNINGS (LOSS) PER SHARE
     Weighted-Income

Average

Per(Loss)

Shares

Share(Numerator)

(Denominator)

Amount(Dollars in thousands, except per share amounts)Year Ended December 31, 2010:Basic EPS  Income Available to Common Stockholders

$
(88,009
)


94,322,222


$
(0.93
)Effect of Dilutive Securities  Options and Warrants










Diluted EPS  Income Available to Common Stockholders

$
(88,009
)


94,322,222


$
(0.93
)Year Ended December 31, 2009:Basic EPS  Income Available to Common Stockholders

$
(122,277
)


47,570,361


$
(2.57
)Effect of Dilutive Securities  Options and Warrants










Diluted EPS  Income Available to Common Stockholders

$
(122,277
)


45,570,361


$
(2.57
)Year Ended December 31, 2008:Basic EPS  Income Available to Common Stockholders

$
(102,093
)


45,872,541


$
(2.23
)Effect of Dilutive Securities  Options and Warrants










Diluted EPS  Income Available to Common Stockholders

$
(102,093
)


45,872,541


$
(2.23
)    155




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 15 
    EMPLOYEE BENEFITS
  401(k)
    Plan
    Bank-Owned
    Life Insurance
    Deferred
    Compensation Plan
    NOTE 16 
    COMMITMENTS AND CONTINGENCIES
  Lease
    Commitments
    Year EndingDecember 31,

Amount(In Thousands)2011

$
4,4702012


4,1802013


3,5362014


2,1542015


1,773Thereafter


5,645Total

$
21,758    156




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 16 
    COMMITMENTS AND
    CONTINGENCIES (Continued)
  Litigation
    NOTE 17 
    OFF-BALANCE SHEET COMMITMENTS
  case-by-case
    December 31,2010


2009(In thousands)Commitments to Extend Credit

$
178,424


$
262,821Standby Letters of Credit


15,226



17,225Commercial Letters of Credit


11,899



13,544Unused Credit Card Lines


24,649



23,408Total Undisbursed Loan Commitments

$
230,198


$
316,998    NOTE 18 
    SEGMENT REPORTING
   157




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
  NOTE 19 
    CUMULATIVE-EFFECT ADJUSTMENT FROM THE ADOPTION OF EITF
             ISSUE
    NO. 06-4
  Compensation-Retirement Benefits, Compensation-Retirement Benefits,
  NOTE 20 
    LIQUIDITY
  Hanmi
    Financial
    Hanmi
    Bank
   158




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 20 
    LIQUIDITY (Continued)
           159




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 20 
    LIQUIDITY (Continued)
    NOTE 21 
    CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY
  BALANCE
    SHEETS
  December 31,2010


2009(In Thousands)ASSETSCash

$
7,716


$
3,486Securities Available for Sale


774



794Investment in Consolidated Subsidiaries


251,808



228,324Investment in Trust Preferred Securities


2,475



2,475Other Assets


1,654



1,538TOTAL ASSETS

$
264,427


$
236,617LIABILITIES AND STOCKHOLDERS EQUITYLiabilities:Junior Subordinated Debentures

$
82,406


$
82,406Other Liabilities


8,765



4,467Stockholders Equity


173,256



149,744TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$
264,427


$
236,617   STATEMENTS
    OF OPERATIONS
  Year Ended December 31,2010


2009


2008(In Thousands)Equity in Earnings (Losses) of Subsidiaries

$
(82,705
)

$
(118,340
)

$
(97,040
)Other Expenses, Net


(5,339
)


(6,057
)


(8,610
)Income Tax Benefit


35



2,120



3,557NET INCOME (LOSS)

$
(88,009
)

$
(122,277
)

$
(102,093
)  160




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
   NOTE 21 
    CONDENSED FINANCIAL INFORMATION OF PARENT
         COMPANY (Continued)
  STATEMENTS
    OF CASH FLOWS
  Year Ended December 31,2010


2009


2008(In Thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net Loss

$
(88,009
)

$
(122,277
)

$
(102,093
)Adjustments to Reconcile Net Income (Loss) to Net Cash Used In
    OperatingActivities:Losses of Subsidiaries


82,705



118,340



97,040Share-Based Compensation Expense


1,013



906



1,036Changes in Fair Value of Stock Warrants


(362
)






(Increase) Decrease in Other Assets


(116
)


200



(706
)Increase (Decrease) in Other Liabilities


2,706



3,311



(2,983
)Net Cash Provided (Used) In Operating Activities


(2,063
)


480



(7,706
)CASH FLOWS FROM INVESTING ACTIVITIES:Dividends Received from Hanmi Bank










8,500Payments from (to) Hanmi Bank


(110,000
)


(6,000
)


Net Cash Provided (Used) By Investing Activities


(110,000
)


(6,000
)


8,500CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from Exercise of Stock Options and Stock Warrants


22







Net Proceeds from Issuance of Common Stock in Offering


116,271



6,839



Cash Paid to Repurchase Stock Options and Stock Warrants










(70
)Cash Dividends Paid










(3,853
)Net Cash Provided (Used) In Financing Activities


116,293



6,839



(3,923
)NET INCREASE (DECREASE) IN CASH


4,230



1,319



(3,129
)Cash at Beginning of Year


3,486



2,167



5,296CASH AT END OF YEAR

$
7,716


$
3,486


$
2,167   161




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
    DECEMBER 31, 2010, 2009 AND
    2008 (Continued)
  NOTE 22 
    QUARTERLY FINANCIAL DATA 
    (UNAUDITED)
    Quarter EndedMarch 31


June 30


September 30


December 31(Dollars in thousands; except per share amounts)2010:Interest and Dividend Income

$
38,053


$
36,171


$
35,675


$
34,613Interest Expense


10,719



9,875



9,402



8,642Net Interest Income Before Provision for Credit Losses


27,334



26,296



26,273



25,971Provision for Credit Losses


57,996



37,500



22,000



5,000Non-Interest Income


7,005



6,677



5,671



6,053Non-Interest Expense


26,224



24,766



24,079



21,735Income (Loss) Before Provision (Benefit) for Income Taxes


(49,881
)


(29,293
)


(14,135
)


5,289Provision (Benefit) for Income Taxes


(395
)


(36
)


442



(23
)NET INCOME (LOSS)

$
(49,486
)

$
(29,257
)

$
(14,577
)

$
5,312EARNINGS (LOSS) PER SHARE:Basic

$
(0.97
)

$
(0.57
)

$
(0.12
)

$
0.04Diluted

$
(0.97
)

$
(0.57
)

$
(0.12
)

$
0.042009:Interest and Dividend Income

$
48,015


$
47,680


$
45,495


$
42,957Interest Expense


24,885



24,544



18,977



14,512Net Interest Income Before Provision for Credit Losses


23,130



23,136



26,518



28,445Provision for Credit Losses


45,953



23,934



49,500



77,000Non-Interest Income


8,380



7,678



8,213



7,839Non-Interest Expense


18,252



25,703



23,689



22,710Income (Loss) Before Provision for Income Taxes


(32,695
)


(18,823
)


(38,458
)


(63,426
)Provision for Income Taxes


(15,499
)


(9,288
)


21,207



(27,545
)NET INCOME (LOSS)

$
(17,196
)

$
(9,535
)

$
(59,665
)

$
(35,881
)EARNINGS (LOSS) PER SHARE:Basic

$
(0.37
)

$
(0.21
)

$
(1.26
)

$
(0.70
)Diluted

$
(0.37
)

$
(0.21
)

$
(1.26
)

$
(0.70
)   NOTE 23 
    SUBSEQUENT EVENTS
  Form 10-K
 162




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##### Table of Contents



SIGNATURES    HANMI FINANCIAL CORPORATION
  By:
    /s/ Jay S. Yoo   President and Chief Executive Officer
  Date:         March 16,
    2011
    /s/ Jay S. YooJay
    S. YooPresident and Chief Executive Officer 
    (Principal Executive Officer)

/s/ Brian E. ChoBrian
    E. ChoExecutive Vice President and Chief Financial Officer
    (Principal Financial and Accounting Officer)/s/ Joseph K. Rho Joseph
    K. RhoChairman of the Board

/s/ I Joon Ahn I
    Joon Ahn Director/s/ John A. Hall John
    A. Hall Director

/s/ William J. Stolte William
    J. StolteDirector/s/ Joon Hyung Lee Joon
    Hyung Lee Director

/s/ Paul (Seon-Hong) KimPaul
    (Seon-Hong) Kim Director  163




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES



EXHIBIT INDEX  ExhibitNumber

Document3
.1

Amended and Restated Certificate of Incorporation of Hanmi
    Financial Corporation, dated April 19, 2000 (Previously
    filed and incorporated by reference herein from Hanmi
    Financials Quarterly Report on
    Form 10-Q,
    filed with the SEC on November 9, 2010).3
.2

Certificate of Second Amendment of Certificate of Incorporation
    of Hanmi Financial Corporation, dated June, 23, 2004 (Previously
    filed and incorporated by reference herein from Hanmi
    Financials Quarterly Report on
    Form 10-Q,
    filed with the SEC on November 9, 2010).3
.3

Certificate of Amendment of Amended and Restated Certificate of
    Incorporation of Hanmi Financial Corporation, dated May 28,
    2009 (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q,
    filed with the SEC on November 9, 2010).3
.4

Certificate of Amendment of Amended and Restated Certificate of
    Incorporation of Hanmi Financial Corporation, dated
    July 28, 2010 (Previously filed and incorporated by
    reference herein from Hanmi Financials Quarterly Report on
    Form 10-Q,
    filed with the SEC on November 9, 2010).3
.5

Amended and Restated Bylaws of Hanmi Financial Corporation,
    dated April 19, 2000 (Previously filed and incorporated by
    reference herein from Hanmi Financials Registration
    Statement on
    Form S-3
    filed with the SEC on February 4, 2010).3
.6

Certificate of Amendment to Bylaws of Hanmi Financial
    Corporation, dated November 21, 2007 (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Registration Statement on
    Form S-3
    filed with the SEC on February 4, 2010).4


Specimen stock certificate representing Hanmi Financial
    Corporation Common Stock4
.1

Hanmi Financial Corporation Warrant for the Purchase of Shares
    of Common Stock, issued to Cappello Capital Corp., dated
    October 14, 2010 (Previously filed and incorporated by
    reference herein from Hanmi Financials Current Report on
    Form 8-K
    filed with the SEC on October 14, 2010).10
.1

Amended and Restated Trust Agreement of Hanmi Capital
    Trust I dated as of January 8, 2004 among Hanmi
    Financial Corporation, Deutsche Bank Trust Company
    Americas, as Property Trustee, Deutsche Bank Trust Company
    Delaware, as Delaware Trustee, and the Administrative Trustees
    Named Therein (Previously filed and incorporated by reference
    herein from Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.2

Hanmi Capital Trust I Junior Subordinated Indenture dated
    as of January 8, 2004 entered into between Hanmi Financial
    Corporation and Deutsche Bank Trust Company Americas, as
    Trustee (included as Exhibit D to Exhibit 10.1)
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.3

Hanmi Capital Trust I Guarantee Agreement dated as of
    January 8, 2004 entered into between Hanmi Financial
    Corporation, as Guarantor, and Deutsche Bank Trust Company
    Americas, as Guarantee Trustee (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.4

Hanmi Capital Trust I Form of Common Securities Certificate
    (included as Exhibit B to Exhibit 10.1) (Previously
    filed and incorporated by reference herein from Hanmi
    Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.5

Hanmi Capital Trust I Form of Preferred Securities
    Certificate (included as Exhibit C to Exhibit 10.1)
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.6

Amended and Restated Trust Agreement of Hanmi Capital
    Trust II dated as of March 15, 2004 among Hanmi
    Financial Corporation, Deutsche Bank Trust Company
    Americas, as Property Trustee, Deutsche Bank Trust Company
    Delaware, as Delaware Trustee, and the Administrative Trustees
    Named Therein (Previously filed and incorporated by reference
    herein from Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004). 164




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  EXHIBIT INDEX (Continued)
  ExhibitNumber

Document10
.7

Hanmi Capital Trust II Junior Subordinated Indenture dated
    as of March 15, 2004 entered into between Hanmi Financial
    Corporation and Deutsche Bank Trust Company Americas, as
    Trustee (included as Exhibit D to Exhibit 10.6)
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.8

Hanmi Capital Trust II Guarantee Agreement dated as of
    March 15, 2004 entered into between Hanmi Financial
    Corporation, as Guarantor, and Deutsche Bank Trust Company
    Americas, as Guarantee Trustee (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.9

Hanmi Capital Trust II Form of Common Securities
    Certificate (included as Exhibit B to Exhibit 10.6)
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.10

Hanmi Capital Trust II Form of Preferred Securities
    Certificate (included as Exhibit C to Exhibit 10.6)
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.11

Amended and Restated Trust Agreement of Hanmi Capital
    Trust III dated as of April 28, 2004 among Hanmi
    Financial Corporation, Deutsche Bank Trust Company
    Americas, as Property Trustee, Deutsche Bank Trust Company
    Delaware, as Delaware Trustee, and the Administrative Trustees
    Named Therein, (Previously filed and incorporated by reference
    herein from Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.12

Hanmi Capital Trust III Junior Subordinated Indenture dated
    as of April 28, 2004 entered into between Hanmi Financial
    Corporation and Deutsche Bank Trust Company Americas, as
    Trustee (included as exhibit D to Exhibit 10.11)
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.13

Hanmi Capital Trust III Guarantee Agreement dated as of
    April 28, 2004 entered into between Hanmi Financial
    Corporation, as Guarantor, and Deutsche Bank Trust Company
    Americas, as Guarantee Trustee (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.14

Hanmi Capital Trust III Form of Common Securities
    Certificate (included as Exhibit B to Exhibit 10.11)
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.15

Hanmi Capital Trust III Form of Preferred Securities
    Certificate (included as Exhibit C to Exhibit 10.11)
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2004 filed with the SEC on
    August 9, 2004).10
.16

Employment Agreement Between Hanmi Financial Corporation and
    Hanmi Bank, on the One Hand, and Jay S. Yoo, on the Other
    Hand, dated as of June 19, 2008 (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2008 filed with the SEC on
    August 11, 2008).10
.17

Hanmi Financial Corporation 2007 Equity Compensation Plan
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Current Report on
    Form 8-K
    filed with the SEC on June 26, 2007).10
.18

Hanmi Financial Corporation Year 2000 Stock Option Plan
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Registration Statement on
    Form S-8
    filed with the SEC on August 18, 2000).10
.19

Form of Notice of Stock Option Grant and Agreement Pursuant to
    2007 Equity Compensation Plan (Previously filed and incorporated
    by reference herein from Hanmi Financials Annual Report on
    Form 10-K/A
    for the year ended December 31, 2008 filed with the SEC on
    April 9, 2009).10
.20

Hanmi Financial Corporation Amended and Restated 2007 Employee
    Stock Incentive Plan  Restricted Stock Agreement
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Annual Report on
    Form 10-K/A
    for the year ended December 31, 2008 filed with the SEC on
    April 9, 2009) 165




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  EXHIBIT INDEX (Continued)
  ExhibitNumber

Document10
.21

Form of Notice of Grant and Restricted Stock Agreement Pursuant
    to 2007 Equity Compensation Plan (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Annual Report on
    Form 10-K/A
    for the year ended December 31, 2008 filed with the SEC on
    April 9, 2009).10
.22

Employment Offer Letter with Brian E. Cho, executed
    November 1, 2007 (Previously filed and incorporated by
    reference herein from Hanmi Financials Current Report on
    Form 8-K
    filed with the SEC on December 3, 2007).10
.23

Securities Purchase Agreement, dated June 12, 2009, by and
    between Hanmi Financial Corporation and Leading
    Investments & Securities Co., Ltd. (Previously filed
    and incorporated by reference herein from Hanmi Financials
    Current Report on
    Form 8-K
    filed with the SEC on June 15, 2009).10
.24

Registration Rights Agreement, dated June 12, 2009, by and
    between Hanmi Financial Corporation and Leading
    Investments & Securities Co., Ltd. (Previously filed
    and incorporated by reference herein from Hanmi Financials
    Current Report on
    Form 8-K
    filed with the SEC on June 15, 2009).10
.25

First Amendment to the Securities Purchase Agreement, dated
    July 31, 2009, by and between Hanmi Financial Corporation
    and Leading Investment & Securities Co., Ltd.
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Current Report on
    Form 8-K
    filed with the SEC on August 3, 2009).10
.26

Amended and Restated Term Sheet, dated September 14, 2009,
    by and among Hanmi Financial Corporation, Leading
    Investment & Securities Co., Ltd., and IWL Partners
    LLC (Previously filed and incorporated by reference herein from
    Hanmi Financials Current Report on
    Form 8-K
    filed with the SEC on September 15, 2009).10
.27

Second Amendment to the Securities Purchase Agreement, dated
    September 28, 2009, by and between Hanmi Financial
    Corporation and Leading Investment & Securities Co.,
    Ltd. (Previously filed and incorporated by reference herein from
    Hanmi Financials Current Report on
    Form 8-K
    filed with the SEC on October 2, 2009).10
.28

First Amendment to the Amended and Restated Term Sheet, dated
    September 28, 2009, by and between Hanmi Financial
    Corporation, Leading Investment & Securities Co.,
    Ltd., and IWL Partners, LLC (Previously filed and incorporated
    by reference herein from Hanmi Financials Current Report
    on
    Form 8-K
    filed with the SEC on October 2, 2009).10
.29

Final Order, dated November 2, 2009, issued to Hanmi Bank
    by the California Department of Financial Institutions10
.30

Written Agreement, dated November 2, 2009, by and between
    Hanmi Financial Corporation and Hanmi Bank, on one hand, and the
    Federal Reserve Bank of San Francisco, on the other hand10
.31

Summary of 2010 Executive Retention Plan (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2010 filed with the SEC on
    August 9, 2010). 10
.32

Securities Purchase Agreement, dated as of May 25, 2010, by
    and between Hanmi Financial and Woori Finance Holdings Co. Ltd.
    (Previously filed and incorporated by reference herein from
    Hanmi Financials Current Report on
    Form 8-K
    filed with the SEC on May 28, 2010).10
.33

Amendment No. 1 to the Securities Purchase Agreement, dated
    as of September [  ] 2010, by and between Hanmi
    Financial and Woori Finance Holdings Co. Ltd. (Previously filed
    and incorporated by reference herein from Hanmi Financials
    Current Report on
    Form 8-K
    filed with the SEC on October 1, 2010).10
.34

Amendment No. 2 to the Securities Purchase Agreement, dated
    as of November 30, 2010, by and between Hanmi Financial and
    Woori Finance Holdings Co. Ltd. (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Current Report on
    Form 8-K
    filed with the SEC on November 30, 2010).10
.35

Form of Indemnification Agreement14


Code of Ethics (Previously filed and incorporated by reference
    herein from Hanmi Financials Annual Report on
    Form 10-K
    for the year ended December 31, 2004 filed with the SEC on
    March 16, 2005). 166




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##### Table of Contents



HANMI
    FINANCIAL CORPORATION AND SUBSIDIARIES
  EXHIBIT INDEX (Continued)
  ExhibitNumber

Document21


Subsidiaries of the Registrant (Previously filed and
    incorporated by reference herein from Hanmi Financials
    Annual Report on
    Form 10-K
    for the year ended December 31, 2007 filed with the SEC on
    February 29, 2008).23


Consent of KPMG LLP31
.1

Certification of Chief Executive Officer pursuant to
    Rule 13a-14(a)
    and
    Rule 15d-14(a)
    of the Securities Exchange Act, as amended31
.2

Certification of Chief Financial Officer pursuant to
    Rule 13a-14(a)
    and
    Rule 15d-14(a)
    of the Securities Exchange Act, as amended32
.1

Certification of Chief Executive Officer Pursuant to
    18 U.S.C. 1350, as adopted pursuant to Section 906 of
    the Sarbanes-Oxley Act of 200232
.2

Certification of Chief Financial Officer Pursuant to
    18 U.S.C. 1350, as adopted pursuant to Section 906 of
    the Sarbanes-Oxley Act of 2002    
    
    Constitutes a management
    contract or compensatory plan or arrangement. 167