10-Q 1 hafc-20240630.htm 10-Q 10-Q
Q2false0001109242--12-31http://fasb.org/us-gaap/2023#NoninterestIncomeOtherOperatingIncomehttp://fasb.org/us-gaap/2023#NoninterestIncomeOtherOperatingIncomehttp://fasb.org/us-gaap/2023#NoninterestIncomeOtherOperatingIncomehttp://fasb.org/us-gaap/2023#NoninterestIncomeOtherOperatingIncomefive yearshttp://fasb.org/us-gaap/2023#PrepaidExpenseAndOtherAssetshttp://fasb.org/us-gaap/2023#PrepaidExpenseAndOtherAssetshttp://fasb.org/us-gaap/2023#AccruedLiabilitiesAndOtherLiabilitieshttp://fasb.org/us-gaap/2023#AccruedLiabilitiesAndOtherLiabilitieshttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#MarketApproachValuationTechniqueMemberhttp://fasb.org/us-gaap/2023#PrepaidExpenseAndOtherAssetshttp://fasb.org/us-gaap/2023#PrepaidExpenseAndOtherAssetshttp://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrenthttp://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrenthttp://fasb.org/us-gaap/2023#NoninterestIncomeOtherOperatingIncomehttp://fasb.org/us-gaap/2023#NoninterestIncomeOtherOperatingIncomehttp://fasb.org/us-gaap/2023#NoninterestIncomeOtherOperatingIncomehttp://fasb.org/us-gaap/2023#NoninterestIncomeOtherOperatingIncome0001109242hafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:DerivativeFinancialInstrumentsAssetsMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMember2023-12-310001109242hafc:RealEstatePortfolioSegmentMember2024-03-310001109242srt:MinimumMemberhafc:USGovernmentAndAgenciesSecuritiesMember2024-06-300001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300001109242us-gaap:PerformingFinancingReceivableMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2024-06-300001109242hafc:NonPurchasedCreditImpairedLoansMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:SpecialMentionMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateResidentialLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialRealEstateMember2023-12-310001109242us-gaap:CommercialRealEstatePortfolioSegmentMember2024-04-012024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310001109242us-gaap:FairValueMeasurementsNonrecurringMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedLoansMember2023-12-310001109242us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyOfficeLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NontaxableMunicipalBondsMember2023-12-310001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2024-04-012024-06-300001109242us-gaap:SubordinatedDebtMemberhafc:ThreeMonthLiborToThreeMonthSofrMemberhafc:CentralBancorpIncMemberhafc:ThreeMonthSecuredOvernightFinancingRateSofrMember2024-01-012024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300001109242us-gaap:InterestRateContractMember2024-01-012024-06-300001109242hafc:NonPurchasedCreditImpairedLoansMember2024-06-300001109242hafc:RealEstateLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300001109242us-gaap:CommonStockMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMember2024-06-300001109242us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001109242us-gaap:NondesignatedMember2023-01-012023-06-300001109242us-gaap:PerformanceSharesMemberhafc:TwoThousandAndTwentyOneEquityCompensationPlanMember2023-06-300001109242us-gaap:PerformingFinancingReceivableMember2023-12-310001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:NonPurchasedCreditImpairedLoansMember2024-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NontaxableMunicipalBondsMember2023-12-310001109242hafc:AccruedInterestReceivableMemberus-gaap:LoansReceivableMember2024-06-300001109242hafc:NonPurchasedCreditImpairedCreditMember2023-04-012023-06-300001109242hafc:RealEstateLoansConstructionMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:CommonStockMember2024-03-310001109242us-gaap:HomeEquityLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:PassMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2024-06-300001109242hafc:PersonalLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMember2024-06-300001109242us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-310001109242us-gaap:RetainedEarningsMember2024-03-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialRealEstateMember2024-06-300001109242hafc:ClassifiedGradeMemberhafc:RealEstateLoansResidentialPropertyLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:NonPurchasedCreditImpairedCreditMember2024-06-300001109242srt:FederalHomeLoanBankOfSanFranciscoMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:ClassifiedGradeMember2024-06-300001109242hafc:RealEstateLoansResidentialMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2024-03-310001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2024-03-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOfficeLoanMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-06-300001109242us-gaap:AdditionalPaidInCapitalMember2024-03-310001109242hafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:CommonStockMember2023-04-012023-06-300001109242us-gaap:ResidentialMortgageBackedSecuritiesMember2024-06-300001109242us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2023-12-310001109242us-gaap:NontaxableMunicipalBondsMember2023-12-310001109242srt:SubsidiariesMember2023-12-310001109242us-gaap:TreasuryStockCommonMember2023-01-012023-06-300001109242hafc:ClassifiedGradeMemberhafc:CommercialAndIndustrialPortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:PassMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-3100011092422024-01-012024-06-300001109242us-gaap:CommonStockMember2023-03-310001109242us-gaap:FairValueInputsLevel3Memberhafc:RealEstateLoansConstructionLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:SpecialMentionMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-04-012023-06-300001109242hafc:NonPurchasedCreditImpairedLoansMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansResidentialPropertyLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NontaxableMunicipalBondsMember2024-06-300001109242us-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-06-300001109242us-gaap:CommercialRealEstatePortfolioSegmentMember2024-01-012024-06-300001109242srt:MaximumMember2024-06-300001109242us-gaap:RetainedEarningsMember2024-04-012024-06-300001109242us-gaap:USTreasurySecuritiesMember2024-06-300001109242us-gaap:NonperformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2024-06-300001109242hafc:ResidentialRealEstatePortfolioSegmentMember2024-01-012024-06-300001109242hafc:RealEstateLoansResidentialPropertyLoansMemberus-gaap:PassMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:NonPurchasedCreditImpairedLoansMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansResidentialMemberus-gaap:PerformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:EmployeeStockOptionMember2023-04-012023-06-300001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialRealEstateMember2024-06-300001109242hafc:NonPurchasedCreditImpairedCreditMember2023-03-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2024-06-300001109242hafc:RealEstateLoansResidentialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310001109242us-gaap:CommonStockMember2024-01-012024-06-300001109242us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2024-01-012024-06-300001109242hafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMembersrt:MaximumMemberhafc:RealEstatePortfolioSegmentMember2024-06-3000011092422024-06-300001109242hafc:ThirdPartyOriginatorsIntangibleMember2024-06-300001109242us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310001109242us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-06-300001109242srt:MinimumMember2024-01-012024-06-300001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:SubsequentEventMember2024-07-250001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2023-12-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2024-04-012024-06-300001109242us-gaap:CommercialMortgageBackedSecuritiesMember2024-06-300001109242hafc:RealEstatePortfolioSegmentMember2024-01-012024-06-300001109242hafc:PaymentProtectionProgramMember2023-12-310001109242hafc:BenchmarkRateMemberhafc:TwoThousandAndThirtyOneSubordinatedNotesMember2021-08-202021-08-200001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2023-12-310001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:TimeDeposits250000orMoreMember2024-06-300001109242hafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310001109242hafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242hafc:RealEstateLoansConstructionLoansMemberus-gaap:PerformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001109242us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2024-06-300001109242us-gaap:AdditionalPaidInCapitalMember2023-01-012023-06-300001109242hafc:RealEstateLoansConstructionLoansMemberus-gaap:PassMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMember2023-01-012023-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:RealEstateLoansResidentialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-310001109242us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001109242us-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMember2023-12-3100011092422024-04-012024-06-300001109242hafc:RealEstateLoansResidentialMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2024-04-012024-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialRealEstateMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialRealEstateMember2024-06-300001109242hafc:RealEstateLoansConstructionLoansMemberus-gaap:PerformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:ClassifiedGradeMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PassMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-03-310001109242us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2023-01-012023-06-300001109242us-gaap:PerformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansResidentialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300001109242us-gaap:SpecialMentionMember2024-06-300001109242hafc:ClassifiedGradeMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:AccruedInterestReceivableMemberus-gaap:LoansReceivableMember2023-12-310001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMember2014-12-310001109242us-gaap:CommonStockMember2022-12-310001109242us-gaap:FairValueInputsLevel3Memberhafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001109242us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NontaxableMunicipalBondsMember2024-06-300001109242hafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:NonperformingFinancingReceivableMember2024-06-300001109242hafc:OtherTimeDepositsMember2024-06-300001109242hafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstateLoansCommercialPropertyOfficeLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansConstructionLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:RetainedEarningsMember2022-12-310001109242us-gaap:PerformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMembersrt:MaximumMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:DesignatedAsHedgingInstrumentMember2024-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2023-06-300001109242srt:MaximumMember2023-01-012023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberhafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMember2024-01-012024-06-300001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstateLoansCommercialPropertyOfficeLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:SubordinatedDebtMemberhafc:CreditSpreadMemberhafc:CentralBancorpIncMemberhafc:ThreeMonthSecuredOvernightFinancingRateSofrMember2024-01-012024-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialRealEstateMember2024-06-300001109242us-gaap:DerivativeFinancialInstrumentsAssetsMember2023-12-310001109242hafc:RealEstateLoansConstructionLoansMemberhafc:ClassifiedGradeMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001109242us-gaap:EmployeeStockOptionMember2024-01-012024-06-300001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:PerformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:UnusedCommitmentsToExtendCreditMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2022-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2024-01-012024-06-300001109242srt:MaximumMember2024-01-012024-06-300001109242us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialRealEstateMember2024-06-300001109242us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:NonPurchasedCreditImpairedLoansMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberhafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:PrimeRateMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-3000011092422024-03-310001109242us-gaap:EmployeeStockOptionMember2024-04-012024-06-300001109242us-gaap:RetainedEarningsMember2023-04-012023-06-300001109242us-gaap:CollateralizedMortgageObligationsMember2023-12-310001109242hafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2024-06-300001109242us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialRealEstateMember2024-06-300001109242us-gaap:RetainedEarningsMember2024-06-300001109242hafc:ClassifiedGradeMemberhafc:RealEstateLoansResidentialPropertyLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:InterestIncomeMemberus-gaap:InterestRateContractMember2024-04-012024-06-300001109242us-gaap:AdditionalPaidInCapitalMember2024-01-012024-06-300001109242hafc:RealEstateLoansConstructionLoansMemberus-gaap:NonperformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstateLoansCommercialPropertyOfficeLoanMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:CommercialAndIndustrialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-3100011092422023-01-012023-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansResidentialMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:DerivativeAssetsCashCollateralReceivedMember2023-12-310001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2022-12-310001109242us-gaap:SubordinatedDebtMemberhafc:ThreeMonthLondonInterbankOfferedRateLIBORMemberhafc:CentralBancorpIncMember2024-06-300001109242hafc:DepositInstitutionsMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberhafc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMember2023-04-012023-06-300001109242us-gaap:FairValueInputsLevel3Memberhafc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMember2023-12-310001109242hafc:RealEstateLoansResidentialMemberhafc:NonPurchasedCreditImpairedLoansMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242srt:MinimumMember2023-01-012023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateResidentialLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMember2023-12-310001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberhafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:PerformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300001109242us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2024-06-300001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMember2024-04-012024-06-300001109242us-gaap:InterestRateContractMember2024-04-012024-06-300001109242us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialRealEstateMember2023-12-310001109242us-gaap:CoreDepositsMemberhafc:CBIMergerMember2014-08-312014-08-310001109242us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialRealEstateMember2023-12-310001109242hafc:RealEstateLoansResidentialMemberus-gaap:NonperformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:NontaxableMunicipalBondsMember2024-06-300001109242hafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2024-06-3000011092422023-01-012023-12-310001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2024-01-012024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedLoansMember2024-06-300001109242hafc:ClassifiedGradeMember2023-12-310001109242us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:PassMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:AdditionalPaidInCapitalMember2022-12-310001109242us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:NonPurchasedCreditImpairedLoansMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberhafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberhafc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberhafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:RealEstateLoansResidentialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-300001109242us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242us-gaap:HomeEquityLoanMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:CommonStockMember2024-06-300001109242hafc:RealEstateLoansResidentialMemberhafc:NonPurchasedCreditImpairedLoansMember2023-12-310001109242us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialRealEstateMember2023-12-310001109242hafc:RealEstatePortfolioSegmentMember2022-12-310001109242us-gaap:USTreasurySecuritiesMembersrt:SubsidiariesMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberhafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:AdditionalPaidInCapitalMember2024-06-300001109242us-gaap:OtherIncomeMember2023-01-012023-06-300001109242us-gaap:AdditionalPaidInCapitalMember2023-03-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMember2023-12-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialRealEstateMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-04-012023-06-300001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001109242hafc:TwoThousandAndThirtyOneSubordinatedNotesMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2024-06-300001109242us-gaap:SubordinatedDebtMemberhafc:ThreeMonthLondonInterbankOfferedRateLIBORMemberhafc:CentralBancorpIncMember2005-12-012005-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2024-06-300001109242us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMember2023-12-310001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2023-06-300001109242us-gaap:NondesignatedMember2023-12-310001109242srt:FederalHomeLoanBankOfSanFranciscoMember2024-06-300001109242us-gaap:AdditionalPaidInCapitalMember2023-12-310001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242srt:SubsidiariesMember2024-06-300001109242us-gaap:StandbyLettersOfCreditMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:TreasuryStockCommonMember2024-04-012024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2024-01-012024-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NontaxableMunicipalBondsMember2024-06-300001109242us-gaap:SpecialMentionMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstatePortfolioSegmentMember2023-03-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-01-012023-06-300001109242us-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberhafc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMember2023-12-310001109242us-gaap:RetainedEarningsMember2023-01-012023-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PassMember2023-12-310001109242hafc:RealEstatePortfolioSegmentMember2023-01-012023-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2023-01-012023-06-300001109242us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2023-04-012023-06-300001109242us-gaap:PassMember2023-12-310001109242us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242us-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-3100011092422023-03-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:ClassifiedGradeMemberhafc:RealEstateLoansCommercialPropertyLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:EmployeeStockOptionMember2023-01-012023-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstateResidentialLoanMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMemberhafc:RealEstateResidentialLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMember2024-06-300001109242us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:FinancingReceivables60To89DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:NonperformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:OtherIncomeMember2024-04-012024-06-300001109242us-gaap:TreasuryStockCommonMember2023-04-012023-06-300001109242hafc:RealEstateLoansCommercialPropertyOfficeMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:PrepaidExpensesAndOtherAssetsMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2023-04-012023-06-300001109242us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NontaxableMunicipalBondsMember2023-12-3100011092422021-08-202021-08-200001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:NonPurchasedCreditImpairedLoansMember2023-12-310001109242us-gaap:PerformanceSharesMemberhafc:TwoThousandAndTwentyOneEquityCompensationPlanMember2024-01-012024-06-300001109242hafc:RealEstateLoansResidentialMemberhafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300001109242hafc:ClassifiedGradeMemberhafc:RealEstateLoansCommercialPropertyLoanMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberhafc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstatePortfolioSegmentMemberhafc:RealEstateResidentialLoanMember2023-12-310001109242hafc:PrepaidExpensesAndOtherAssetsMember2023-12-310001109242hafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-310001109242hafc:NonPurchasedCreditImpairedCreditMember2023-06-300001109242hafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:CommercialMortgageBackedSecuritiesMember2023-12-310001109242hafc:RealEstateLoansResidentialMemberus-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2024-06-300001109242us-gaap:NonperformingFinancingReceivableMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:PerformanceSharesMemberhafc:TwoThousandAndTwentyOneEquityCompensationPlanMember2024-06-300001109242hafc:RealEstateLoansConstructionLoansMemberus-gaap:SpecialMentionMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-12-310001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310001109242us-gaap:FairValueInputsLevel3Memberhafc:RealEstateLoansConstructionLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:NondesignatedMember2023-04-012023-06-3000011092422023-06-300001109242hafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMembersrt:MaximumMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242srt:ParentCompanyMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:NonperformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:TimeDeposits250000orMoreMember2023-12-310001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:CommercialAndIndustrialLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300001109242hafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:RealEstatePortfolioSegmentMemberhafc:PersonalLoansMember2023-12-310001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstateLoansCommercialPropertyLoanMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:RetainedEarningsMember2024-01-012024-06-300001109242hafc:CommercialLettersOfCreditMember2023-12-310001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001109242us-gaap:AdditionalPaidInCapitalMember2023-04-012023-06-300001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:OtherIncomeMember2024-01-012024-06-300001109242us-gaap:CoreDepositsMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansConstructionLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:TwoThousandAndThirtyOneSubordinatedNotesMember2021-08-200001109242us-gaap:TreasuryStockCommonMember2024-01-012024-06-300001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMember2005-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialRealEstateMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2023-04-012023-06-300001109242us-gaap:NonperformingFinancingReceivableMember2023-12-310001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2022-12-310001109242us-gaap:NondesignatedMember2024-01-012024-06-300001109242us-gaap:SubsequentEventMember2024-07-252024-07-250001109242hafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:ResidentialRealEstatePortfolioSegmentMember2024-04-012024-06-3000011092422022-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:RealEstateLoansCommercialPropertyLoanMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:RealEstatePortfolioSegmentMember2024-04-012024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NontaxableMunicipalBondsMember2023-12-310001109242hafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300001109242us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:CashFlowHedgingMember2024-01-012024-03-310001109242hafc:ClassifiedGradeMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyLoanMemberhafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:AdditionalPaidInCapitalMember2023-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2022-12-310001109242us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:CashFlowHedgingMember2024-06-300001109242hafc:RealEstateLoansConstructionLoansMemberus-gaap:PassMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:TreasuryStockCommonMember2022-12-310001109242hafc:ClassifiedGradeMemberhafc:CommercialAndIndustrialPortfolioSegmentMember2024-06-300001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2023-03-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialRealEstateMember2023-12-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMember2023-12-310001109242hafc:PaymentProtectionProgramMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyLoanMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:PassMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstatePortfolioSegmentMember2023-04-012023-06-300001109242us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2023-12-3100011092422023-12-310001109242hafc:RealEstateLoansConstructionLoansMemberhafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberhafc:RealEstateResidentialLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:UnusedCommitmentsToExtendCreditMember2023-12-310001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001109242hafc:RealEstateLoansConstructionLoansMemberus-gaap:SpecialMentionMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOfficeLoanMemberus-gaap:FinancialAssetNotPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberhafc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001109242us-gaap:DesignatedAsHedgingInstrumentMember2023-12-310001109242us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialRealEstateMember2023-12-310001109242hafc:CBIMergerMember2016-10-272016-10-270001109242us-gaap:CommonStockMember2024-04-012024-06-3000011092422024-07-300001109242us-gaap:PassMember2024-06-300001109242us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOfficeMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:SpecialMentionMember2023-12-310001109242us-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2024-04-012024-06-300001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:DerivativeAssetsCashCollateralReceivedMember2024-06-300001109242us-gaap:InterestIncomeMemberus-gaap:CashFlowHedgingMember2024-01-012024-06-300001109242hafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMember2024-06-300001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242us-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242us-gaap:CommonStockMember2023-01-012023-06-300001109242us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2024-06-300001109242us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:NontaxableMunicipalBondsMember2024-06-300001109242us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:ClassifiedGradeMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2024-06-300001109242srt:ParentCompanyMember2024-06-300001109242us-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberhafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300001109242us-gaap:CoreDepositsMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:SpecialMentionMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:NonPurchasedCreditImpairedCreditMember2024-04-012024-06-300001109242us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CollateralizedMortgageObligationsMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberhafc:RealEstateLoansConstructionLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-01-012023-06-300001109242hafc:LoansPledgedToSecureAdvancesMember2024-06-300001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001109242hafc:RealEstateLoansResidentialMemberus-gaap:NonperformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:RetainedEarningsMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-06-300001109242us-gaap:FinancingReceivables30To59DaysPastDueMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RepossessedPersonalPropertyMember2024-06-300001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300001109242hafc:RealEstateLoansResidentialPropertyLoansMemberus-gaap:PassMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberhafc:RealEstateLoansConstructionLoansMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2024-03-310001109242us-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2023-12-3100011092422019-01-010001109242hafc:TwoThousandAndThirtyOneSubordinatedNotesMember2023-12-310001109242hafc:RealEstateLoansResidentialPropertyLoansMemberus-gaap:SpecialMentionMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-03-310001109242hafc:CommercialLettersOfCreditMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMemberhafc:RealEstateResidentialLoanMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RepossessedPersonalPropertyMember2023-12-310001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMemberhafc:ThreeMonthSecuredOvernightFinancingRateSofrMember2024-01-012024-06-300001109242us-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:USTreasurySecuritiesMember2023-12-310001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstatePortfolioSegmentMemberhafc:RealEstateResidentialLoanMember2023-12-310001109242hafc:NonPurchasedCreditImpairedCreditMember2024-03-310001109242us-gaap:StandbyLettersOfCreditMember2023-12-310001109242us-gaap:PassMemberhafc:EquipmentFinancingAgreementsPortfolioSegmentMember2023-12-310001109242us-gaap:PerformanceSharesMember2024-01-012024-06-300001109242hafc:LoansPledgedToSecureAdvancesMember2023-12-310001109242us-gaap:FinancialAssetNotPastDueMemberhafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2024-06-300001109242hafc:OtherTimeDepositsMember2023-12-310001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2023-12-310001109242hafc:RealEstatePortfolioSegmentMember2023-06-300001109242hafc:RealEstateLoansCommercialPropertyLoanMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:RetainedEarningsMember2023-06-300001109242us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberhafc:USGovernmentAgenciesDebtSecuritiesAndUSGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2023-12-310001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2023-12-310001109242hafc:NonPurchasedCreditImpairedLoansMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242us-gaap:CommonStockMember2023-06-300001109242hafc:RealEstateLoansResidentialPropertyLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberhafc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2023-03-310001109242us-gaap:TreasuryStockCommonMember2023-12-310001109242us-gaap:PerformanceSharesMember2024-04-012024-06-300001109242hafc:TwoThousandAndThirtyOneSubordinatedNotesMember2021-08-202021-08-200001109242us-gaap:TreasuryStockCommonMember2023-03-310001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2023-01-012023-06-300001109242us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2024-06-300001109242hafc:EquipmentFinancingAgreementsPortfolioSegmentMemberhafc:NonPurchasedCreditImpairedCreditMember2024-01-012024-06-300001109242us-gaap:PassMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:RetainedEarningsMember2023-03-310001109242us-gaap:TreasuryStockCommonMember2024-06-300001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:NonPurchasedCreditImpairedCreditMemberhafc:RealEstatePortfolioSegmentMember2024-03-310001109242us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-12-310001109242hafc:RealEstateLoansCommercialPropertyOtherLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:InterestIncomeMemberus-gaap:InterestRateContractMember2024-01-012024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMember2024-04-012024-06-300001109242us-gaap:NondesignatedMember2024-04-012024-06-300001109242us-gaap:TreasuryStockCommonMember2023-06-300001109242us-gaap:SubordinatedDebtMemberhafc:CentralBancorpIncMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242srt:MinimumMember2024-06-300001109242us-gaap:USTreasurySecuritiesMembersrt:SubsidiariesMember2024-06-300001109242hafc:RealEstateLoansCommercialPropertyLoanMemberus-gaap:NonperformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-06-300001109242hafc:RealEstateLoansResidentialPropertyLoansMemberus-gaap:SpecialMentionMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300001109242us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialRealEstateMember2024-06-300001109242us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyHospitalityLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:RealEstateLoansResidentialMemberus-gaap:PerformingFinancingReceivableMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242hafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:PerformanceSharesMemberhafc:TwoThousandAndTwentyOneEquityCompensationPlanMember2023-01-012023-06-300001109242us-gaap:TreasuryStockCommonMember2024-03-310001109242hafc:NonPurchasedCreditImpairedLoansMemberus-gaap:FinancialAssetNotPastDueMemberhafc:RealEstateLoansCommercialPropertyOfficeLoanMemberhafc:RealEstatePortfolioSegmentMember2024-06-300001109242hafc:RealEstateLoansResidentialMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMemberhafc:RealEstateLoansCommercialPropertyRetailLoansMemberhafc:RealEstatePortfolioSegmentMember2023-12-3100011092422023-04-012023-06-300001109242hafc:ThirdPartyOriginatorsIntangibleMember2023-12-310001109242us-gaap:FairValueInputsLevel3Memberhafc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMember2024-06-300001109242us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhafc:RealEstateLoansCommercialPropertyOtherLoansIncludingGasStationsMembersrt:MaximumMemberhafc:RealEstatePortfolioSegmentMember2023-12-310001109242us-gaap:CollateralizedMortgageObligationsMember2024-06-300001109242us-gaap:NondesignatedMember2024-06-300001109242hafc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-06-30hafc:Loanxbrli:purehafc:Securityxbrli:sharesiso4217:USDxbrli:sharesiso4217:USD

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

 

☒

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Quarterly Period Ended June 30, 2024

or

 

☐

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For 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

 

(I.R.S. Employer

Incorporation or Organization)

 

Identification No.)

 

900 Wilshire Boulevard, Suite 1250

 

Los Angeles, California

 

90017

(Address of Principal Executive Offices)

 

(Zip Code)

(213) 382-2200

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name, Former Address and Former Fiscal Year, If Changed Since Last Report)

Securities Registered Pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, $0.001 par value

 

HAFC

 

Nasdaq Global Select Market

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

☐

 

Accelerated filer

☒

Non-accelerated filer

☐

 

Smaller reporting company

☐

 

 

 

 

Emerging Growth Company

 

☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

As of July 30, 2024, there were 30,268,376 outstanding shares of the Registrant’s Common Stock.

 

 

 

Hanmi Financial Corporation and Subsidiaries Quarterly Report on Form 10-Q

Three Months Ended June 30, 2024

Table of Contents

 

 

 

Part I – Financial Information

 

 

 

 

 

 

 

Item 1.

 

Financial Statements

 

3

 

 

 

 

 

 

 

Consolidated Balance Sheets at June 30, 2024 (unaudited) and December 31, 2023

 

3

 

 

 

 

 

 

 

Consolidated Statements of Income for the three and six months ended June 30, 2024 and 2023 (unaudited)

 

4

 

 

 

 

 

 

 

Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2024 and 2023 (unaudited)

 

5

 

 

 

 

 

 

 

Consolidated Statements of Changes in Stockholders’ Equity for the three and six months ended June 30, 2024 and 2023 (unaudited)

 

6

 

 

 

 

 

 

 

Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 (unaudited)

 

8

 

 

 

 

 

 

 

Notes to Consolidated Financial Statements (unaudited)

 

9

 

 

 

 

 

Item 2.

 

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

 

43

 

 

 

 

 

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

64

 

 

 

 

 

Item 4.

 

Controls and Procedures

 

64

 

 

 

 

 

 

 

Part II – Other Information

 

 

 

 

 

 

 

Item 1.

 

Legal Proceedings

 

65

 

 

 

 

 

Item 1A.

 

Risk Factors

 

65

 

 

 

 

 

Item 2.

 

Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities

 

65

 

 

 

 

 

Item 3.

 

Defaults Upon Senior Securities

 

65

 

 

 

 

 

Item 4.

 

Mine Safety Disclosures

 

65

 

 

 

 

 

Item 5.

 

Other Information

 

65

 

 

 

 

 

Item 6.

 

Exhibits

 

66

 

 

 

Signatures

 

67

 

2

 

Part I — Financial Information

Item 1. Financial Statements

Hanmi Financial Corporation and Subsidiaries

Consolidated Balance Sheets

(in thousands, except share data)

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(Unaudited)

 

 

 

 

Assets

 

 

 

 

 

 

Cash and due from banks

 

$

313,079

 

 

$

302,324

 

Securities available for sale, at fair value (amortized cost of $985,305 and $967,031 as of June 30, 2024 and December 31, 2023, respectively)

 

 

877,638

 

 

 

865,739

 

Loans held for sale, at the lower of cost or fair value

 

 

10,467

 

 

 

12,013

 

Loans receivable, net of allowance for credit losses of $67,729 and $69,462 as of June 30, 2024 and December 31, 2023, respectively

 

 

6,108,630

 

 

 

6,112,972

 

Accrued interest receivable

 

 

23,958

 

 

 

23,371

 

Premises and equipment, net

 

 

21,955

 

 

 

21,959

 

Customers' liability on acceptances

 

 

551

 

 

 

625

 

Servicing assets

 

 

6,836

 

 

 

7,070

 

Goodwill and other intangible assets, net

 

 

11,048

 

 

 

11,099

 

Federal Home Loan Bank ("FHLB") stock, at cost

 

 

16,385

 

 

 

16,385

 

Income tax assets

 

 

42,246

 

 

 

35,226

 

Bank-owned life insurance

 

 

56,534

 

 

 

56,335

 

Prepaid expenses and other assets

 

 

97,020

 

 

 

105,223

 

Total assets

 

$

7,586,347

 

 

$

7,570,341

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

Noninterest-bearing

 

$

1,959,963

 

 

$

2,003,596

 

Interest-bearing

 

 

4,369,377

 

 

 

4,276,978

 

Total deposits

 

 

6,329,340

 

 

 

6,280,574

 

Accrued interest payable

 

 

47,699

 

 

 

39,306

 

Bank's liability on acceptances

 

 

551

 

 

 

625

 

Borrowings

 

 

292,500

 

 

 

325,000

 

Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $6,482 and $6,788 as of June 30, 2024 and December 31, 2023, respectively)

 

 

130,318

 

 

 

130,012

 

Accrued expenses and other liabilities

 

 

78,880

 

 

 

92,933

 

Total liabilities

 

 

6,879,288

 

 

 

6,868,450

 

Stockholders’ equity:

 

 

 

 

 

 

Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of June 30, 2024 and December 31, 2023

 

 

—

 

 

 

—

 

Common stock, $0.001 par value; authorized 62,500,000 shares; issued 34,124,910 shares (30,272,110 shares outstanding) and 33,918,035 shares (30,368,655 shares outstanding) as of June 30, 2024 and December 31, 2023, respectively

 

 

34

 

 

 

34

 

Additional paid-in capital

 

 

588,647

 

 

 

586,912

 

Accumulated other comprehensive loss, net of tax benefit of $31,854 and $29,058 as of June 30, 2024 and December 31, 2023, respectively

 

 

(78,000

)

 

 

(71,928

)

Retained earnings

 

 

333,392

 

 

 

319,048

 

Less treasury stock; 3,852,800 shares and 3,549,380 shares as of June 30, 2024 and December 31, 2023, respectively

 

 

(137,014

)

 

 

(132,175

)

Total stockholders’ equity

 

 

707,059

 

 

 

701,891

 

Total liabilities and stockholders’ equity

 

$

7,586,347

 

 

$

7,570,341

 

 

See Accompanying Notes to Consolidated Financial Statements (Unaudited)

3

 

Hanmi Financial Corporation and Subsidiaries

Consolidated Statements of Income (Unaudited)

(in thousands, except share and per share data)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Interest and dividend income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest and fees on loans receivable

 

$

90,752

 

 

$

83,567

 

 

$

182,427

 

 

$

164,490

 

Interest on securities

 

 

5,238

 

 

 

4,126

 

 

 

10,193

 

 

 

8,152

 

Dividends on FHLB stock

 

 

357

 

 

 

283

 

 

 

719

 

 

 

572

 

Interest on deposits in other banks

 

 

2,313

 

 

 

2,794

 

 

 

4,914

 

 

 

4,859

 

Total interest and dividend income

 

 

98,660

 

 

 

90,770

 

 

 

198,253

 

 

 

178,073

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Interest on deposits

 

 

46,495

 

 

 

32,115

 

 

 

92,133

 

 

 

57,613

 

Interest on borrowings

 

 

1,896

 

 

 

1,633

 

 

 

3,551

 

 

 

4,002

 

Interest on subordinated debentures

 

 

1,649

 

 

 

1,600

 

 

 

3,295

 

 

 

3,182

 

Total interest expense

 

 

50,040

 

 

 

35,348

 

 

 

98,979

 

 

 

64,797

 

Net interest income before credit loss expense

 

 

48,620

 

 

 

55,422

 

 

 

99,274

 

 

 

113,276

 

Credit loss expense (recovery)

 

 

961

 

 

 

(77

)

 

 

1,188

 

 

 

2,056

 

Net interest income after credit loss expense (recovery)

 

 

47,659

 

 

 

55,499

 

 

 

98,086

 

 

 

111,220

 

Noninterest income:

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

 

2,429

 

 

 

2,571

 

 

 

4,878

 

 

 

5,151

 

Trade finance and other service charges and fees

 

 

1,277

 

 

 

1,173

 

 

 

2,691

 

 

 

2,431

 

Gain on sale of Small Business Administration ("SBA") loans

 

 

1,644

 

 

 

1,212

 

 

 

3,126

 

 

 

3,081

 

Other operating income

 

 

2,707

 

 

 

2,979

 

 

 

5,095

 

 

 

5,608

 

Total noninterest income

 

 

8,057

 

 

 

7,935

 

 

 

15,790

 

 

 

16,271

 

Noninterest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and employee benefits

 

 

20,434

 

 

 

20,365

 

 

 

42,019

 

 

 

40,975

 

Occupancy and equipment

 

 

4,607

 

 

 

4,500

 

 

 

9,144

 

 

 

8,912

 

Data processing

 

 

3,686

 

 

 

3,465

 

 

 

7,237

 

 

 

6,718

 

Professional fees

 

 

1,749

 

 

 

1,376

 

 

 

3,642

 

 

 

2,710

 

Supplies and communications

 

 

570

 

 

 

638

 

 

 

1,172

 

 

 

1,314

 

Advertising and promotion

 

 

669

 

 

 

748

 

 

 

1,576

 

 

 

1,581

 

Other operating expenses

 

 

3,561

 

 

 

3,188

 

 

 

6,930

 

 

 

4,862

 

Total noninterest expense

 

 

35,276

 

 

 

34,280

 

 

 

71,720

 

 

 

67,072

 

Income before tax

 

 

20,440

 

 

 

29,154

 

 

 

42,156

 

 

 

60,419

 

Income tax expense

 

 

5,989

 

 

 

8,534

 

 

 

12,541

 

 

 

17,807

 

Net income

 

$

14,451

 

 

$

20,620

 

 

$

29,615

 

 

$

42,612

 

Basic earnings per share

 

$

0.48

 

 

$

0.68

 

 

$

0.98

 

 

$

1.40

 

Diluted earnings per share

 

$

0.48

 

 

$

0.67

 

 

$

0.97

 

 

$

1.39

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

30,055,913

 

 

 

30,324,264

 

 

 

30,089,341

 

 

 

30,320,281

 

Diluted

 

 

30,133,646

 

 

 

30,387,041

 

 

 

30,166,181

 

 

 

30,383,226

 

 

See Accompanying Notes to Consolidated Financial Statements (Unaudited)

4

 

Hanmi Financial Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income (Unaudited)

(in thousands)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net income

 

$

14,451

 

 

$

20,620

 

 

$

29,615

 

 

$

42,612

 

Other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gain (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain (loss) on available for sale securities

 

 

(1,277

)

 

 

(9,730

)

 

 

(6,375

)

 

 

3,877

 

Unrealized loss on cash flow hedges

 

 

(746

)

 

 

—

 

 

 

(2,953

)

 

 

—

 

Unrealized gain (loss)

 

 

(2,023

)

 

 

(9,730

)

 

 

(9,328

)

 

 

3,877

 

Income tax benefit (expense) related to other comprehensive income items

 

 

588

 

 

 

2,827

 

 

 

2,933

 

 

 

(849

)

Other comprehensive income (loss), net of tax

 

 

(1,435

)

 

 

(6,903

)

 

 

(6,395

)

 

 

3,028

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for losses included in net income

 

 

460

 

 

 

1,871

 

 

 

460

 

 

 

1,871

 

Income tax benefit related to reclassification adjustment

 

 

(135

)

 

 

(548

)

 

 

(137

)

 

 

(553

)

Reclassification adjustment for losses included in net income, net of tax

 

 

325

 

 

 

1,323

 

 

 

323

 

 

 

1,318

 

Other comprehensive income (loss) net of tax

 

 

(1,110

)

 

 

(5,580

)

 

 

(6,072

)

 

 

4,346

 

Total comprehensive income

 

$

13,341

 

 

$

15,040

 

 

$

23,543

 

 

$

46,958

 

 

See Accompanying Notes to Consolidated Financial Statements (Unaudited)

5

 

Hanmi Financial Corporation and Subsidiaries

Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)

For the Three Months Ended June 30, 2024 and 2023

(in thousands, except share data)

 

 

 

Common Stock - Number of Shares

 

 

Stockholders' Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional

 

 

Other

 

 

 

 

 

Treasury

 

 

Total

 

 

 

Shares

 

 

Treasury

 

 

Shares

 

 

Common

 

 

Paid-in

 

 

Comprehensive

 

 

Retained

 

 

Stock,

 

 

Stockholders'

 

 

 

Issued

 

 

Shares

 

 

Outstanding

 

 

Stock

 

 

Capital

 

 

Loss

 

 

Earnings

 

 

at Cost

 

 

Equity

 

Balance at April 1, 2023

 

 

33,827,801

 

 

 

(3,272,514

)

 

 

30,555,287

 

 

$

33

 

 

$

584,884

 

 

$

(79,059

)

 

$

283,910

 

 

$

(127,603

)

 

$

662,165

 

Issuance of awards pursuant to equity incentive plans, net of forfeitures

 

 

35,620

 

 

 

—

 

 

 

35,620

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Share-based compensation expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

507

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

507

 

Shares surrendered to satisfy tax liability upon vesting of equity awards

 

 

—

 

 

 

(5,119

)

 

 

(5,119

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(79

)

 

 

(79

)

Repurchase of common stock

 

 

—

 

 

 

(100,000

)

 

 

(100,000

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,444

)

 

 

(1,444

)

Cash dividends paid (common stock, $0.25/share)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(7,629

)

 

 

—

 

 

 

(7,629

)

Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

20,620

 

 

 

—

 

 

 

20,620

 

Change in unrealized gain (loss) on securities available for sale, net of income taxes

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(5,580

)

 

 

—

 

 

 

—

 

 

 

(5,580

)

Balance at June 30, 2023

 

 

33,863,421

 

 

 

(3,377,633

)

 

 

30,485,788

 

 

$

33

 

 

$

585,391

 

 

$

(84,639

)

 

$

296,901

 

 

$

(129,126

)

 

$

668,560

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at April 1, 2024

 

 

33,957,284

 

 

 

(3,680,926

)

 

 

30,276,358

 

 

$

34

 

 

$

587,687

 

 

$

(76,890

)

 

$

326,526

 

 

$

(134,257

)

 

$

703,100

 

Issuance of awards pursuant to equity incentive plans, net of forfeitures

 

 

167,626

 

 

 

—

 

 

 

167,626

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Share-based compensation expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

960

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

960

 

Shares surrendered to satisfy tax liability upon vesting of equity awards

 

 

—