CORRECTING and REPLACING Hanmi Financial Corporation Reports Third-Quarter 2008 Financial Results

In the table titled "HANMI FINANCIAL CORPORATION AND SUBSIDIARIES SELECTED FINANCIAL DATA (UNAUDITED)(Continued) (Dollars in Thousands)" in release dated October 23, 2008, under subhead "DEPOSIT PORTFOLIO," at September 30, 2008, "Time Deposits of $100,000 or More" should read: $863,034 (sted: $655,659) and "Other Time Deposits" should read: $618,528 (sted: $825,903). "Total Deposits" was unchanged at $2.799 billion.

The corrected release reads:

HANMI FINANCIAL CORPORATION REPORTS THIRD-QUARTER 2008 FINANCIAL RESULTS

Hanmi Financial Corporation (NASDAQ:HAFC) ("we,” "our,” or "Hanmi”), the holding company for Hanmi Bank (the "Bank”), reported third-quarter net income of $4.3 million, or $0.09 per diluted share, compared to net income of $11.0 million, or $0.23 per diluted share, in the third quarter of 2007.

For the nine months ended September 30, 2008, Hanmi reported a net loss of $98.3 million, or ($2.14) per share, which includes a second-quarter non-cash goodwill impairment charge of $107.4 million, compared to net income of $39.3 million, or $0.81 per diluted share, in the first nine months of 2007. Excluding the second-quarter goodwill impairment charge, for the nine months ended September 30, 2008, non-GAAP net income was $9.1 million, or $0.20 per diluted share.

Commenting on the quarter, Jay S. Yoo, Hanmi’s President and Chief Executive Officer, noted that third-quarter net income of $4.3 million was more than double second-quarter non-GAAP net income of $1.8 million. "While the overall environment remains extremely challenging, we are pleased to report another profitable operating quarter,” said Yoo.

"We have spoken in the past of our focus on improving credit quality rather than growing the asset base, which in fact declined by $79.1 million to $3.77 billion at September 30 from June 30, 2008,” said Yoo. "Gross loans were essentially unchanged at $3.35 billion, but total deposits declined by $162.2 million, or 5.5 percent, to $2.80 billion from $2.96 billion at June 30. The decline in deposits mirrors the experience of many community banks and other financial institutions in a time of extraordinary turmoil in the credit markets.

"The restructuring program about which we spoke last quarter is complete, and in time we expect to realize measurable improvements in operating efficiency,” added Yoo. "Headcount has been reduced by approximately 10 percent, with a commensurate decrease in salaries and related overhead.”

"Consistent with our program to enhance credit quality, in August we were pleased to announce the appointment of John Park as Chief Credit Officer. John is an important addition to our senior management team. With this team,” concluded Yoo, "I believe we are well positioned to handle the challenges of what continues to be a very difficult environment for financial institutions.”

Results of Operations

At the end of this release is a table titled "Reconciliation of GAAP to Non-GAAP” that provides reconciliations between various GAAP and non-GAAP metrics — including non-interest expenses, net income and earnings per share — that exclude the effect of the second-quarter $107.4 million goodwill impairment charge for the nine-month period ended September 30, 2008. We have provided them in the belief that they can be useful in evaluating our core operating performance. All subsequent references to non-GAAP metrics are to these tables.

Net interest income before provision for credit losses increased by $1.5 million, or 4.5 percent, to $35.6 million, compared to $34.1 million in the second quarter of 2008. The provision for credit losses was $13.2 million in the third quarter of 2008 compared to $19.2 million in the second quarter and $8.5 million in the third quarter of 2007.

Total non-interest income in the third quarter of 2008 was $5.3 million compared to $9.7 million in the second quarter and $9.5 million a year ago. Second-quarter non-interest income included a gain on sales of loans of $552,000, for which there were no comparable sales in the third quarter. The sequential decline in non-interest income also reflects a loss on the sale of securities available for sale of $483,000, as well as an other-than-temporary impairment loss on securities of $2.6 million; the latter consists of an impairment loss of $2.4 million on a Lehman Brothers corporate bond, and an impairment loss of $212,000 on a Community Reinvestment Act ("CRA”) equity investment.

Total non-interest expenses in the third quarter of 2008 were $22.2 million compared to $129.4 million in the second quarter, which included the aforementioned non-cash impairment loss on goodwill, and $21.2 million a year ago; excluding the goodwill impairment charge, second-quarter 2008 non-GAAP non-interest expenses were $22.1 million. Total non-interest expenses include a total of $1.1 million in losses (included under "Other Operating Expenses”) related to a derivative transaction to which Lehman Brothers was a party.

For the third quarter of 2008, the efficiency ratio (non-interest expenses divided by the sum of net interest income before provision for credit losses and non-interest income) was 54.33 percent, compared to 296.07 percent, or 50.43 percent excluding the goodwill impairment charge in the second quarter, and 44.95 percent in the comparable period a year ago.

"The provision for credit losses is the product of a comprehensive evaluation of the loan portfolio, and it reflects in large part the economic stress under which some of our borrowers find themselves,” said Brian Cho, Chief Financial Officer. "However, we are encouraged by the fact that it is lower than in the prior quarter. The lower provision reflects improvements in some significant loans previously more adversely classified.” Third-quarter charge-offs, net of recoveries, were $11.8 million compared to $8.2 million in the prior quarter and $6.1 million in the third quarter of 2007. The third-quarter charge-offs included approximately $2.7 million related to the loans fully reserved in the prior quarter.

The yield on the loan portfolio was 6.68 percent, a decline of 10 basis points compared to the second quarter, when the yield was 6.78 percent. The decline in yield, however, was offset by a decline in the cost of average interest-bearing deposits, which decreased by 27 basis points to 3.43 percent from 3.70 percent in the second quarter. This contributed to an improvement in net interest margin, which in the third quarter was 3.90 percent compared to 3.75 percent in the second quarter of 2008.

Balance Sheet and Asset Quality

At September 30, 2008, total assets were $3.77 billion compared to $3.85 billion at June 30, 2008, a decrease of $79.1 million, or 2.1 percent. Gross loans were essentially unchanged at $3.35 billion at September 30, 2008. Total deposits declined by $162.2 million, or 5.5 percent, to $2.80 billion at September 30, 2008, compared to $2.96 billion at June 30, 2008. FHLB advances and other borrowings increased by $84.9 million, or 17.0 percent, to $585.0 million at September 30, 2008, compared to $500.1 million at June 30, 2008.

As of September 30, 2008, the allowance for loan losses was $63.9 million, or 1.91 percent of gross loans (57.16 percent of total non-performing loans), compared to $63.0 million, or 1.88 percent of gross loans (56.14 percent of total non-performing loans), at June 30, 2008, and $34.5 million, or 1.07 percent of gross loans (77.19 percent of total non-performing loans), at September 30, 2007.

Delinquent loans were $102.9 million (3.08 percent of total gross loans) at September 30, 2008, compared to $138.4 (4.12 percent of total gross loans) at June 30, 2008. Although non-performing loans as of September 30, 2008 were substantially unchanged from the prior quarter at $111.9 million (3.34 percent of gross loans), this amount included a $24 million loan which was brought current during the quarter.

Capital Adequacy

The Bank’s capital ratios exceed levels defined as "well-capitalized” by our regulators. At September 30, 2008, the Bank’s Tier 1 Leverage, Tier 1 Risk-Based Capital and Total Risk-Based Capital ratios were 8.97 percent, 9.57 percent and 10.84 percent, respectively, compared to 8.60 percent, 9.39 percent and 10.64 percent, respectively, at June 30, 2008. "We continue to monitor our capital adequacy and our ability to address the economic challenges that face most financial institutions in the United States,” said Yoo.

About Hanmi Financial Corporation

Headquartered in Los Angeles, Hanmi Bank, a wholly owned subsidiary of Hanmi Financial Corporation, provides services to the multi-ethnic communities of California, with 26 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and six loan production offices in Colorado, Georgia, Illinois, Texas, Virginia and Washington. Hanmi Bank specializes in commercial, Small Business Administration ("SBA”) and trade finance lending, and is a recognized community leader. Hanmi Bank’s mission is to provide a full range of quality products and premier services to its customers and to maximize shareholder value. Additional information is available at www.hanmifinancial.com.

This release includes non-GAAP net income, non-GAAP earnings per share data, shares used in non-GAAP earnings per share calculation and non-GAAP non-interest expenses. These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. We believe that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP and that these measures should be used only to evaluate our results of operations in conjunction with the corresponding GAAP measures.

We believe that the presentation of non-GAAP net income, non-GAAP earnings per share data, non-GAAP performance ratios, shares used in non-GAAP earnings per share calculation, and non-GAAP non-interest expenses, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to our financial condition and results of operations. In addition, we believe that the presentation of non-GAAP income provides useful information to investors and management regarding operating activities for the periods presented.

For the internal budgeting process, our management uses financial statements that do not include impairment losses on goodwill. Our management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing our financial results.

Forward-Looking Statements

This release contains forward-looking statements, which are included in accordance with the "safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may,” "will,” "should,” "could,” "expects,” "plans,” "intends,” "anticipates,” "believes,” "estimates,” "predicts,” "potential,” or "continue,” or the negative of such terms and other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statement. These factors include the following: general economic and business conditions in those areas in which we operate; deterioration in the credit markets; availability of capital from private and government sources; demographic changes; competition for loans and deposits; fluctuations in interest rates; risks of natural disasters related to our real estate portfolio; risks associated with SBA loans; changes in governmental regulation; ability to receive regulatory approval for Hanmi Bank to declare dividends to Hanmi Financial; adequacy of our allowance for loan losses, credit quality and the effect of credit quality on our provision for credit losses and allowance for loan losses; the ability of borrowers to perform under the terms of their loans and other terms of credit agreements; our ability to successfully integrate acquisitions we may make; the availability of capital to fund the expansion of our business; and changes in securities markets. In addition, we set forth certain risks in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and Quarterly Reports on Form 10-Q filed thereafter, which could cause actual results to differ from those projected. We undertake no obligation to update such forward-looking statements except as required by law.

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(Dollars in Thousands)
		September 30,				December 31,				%			September 30,				%
		2008				2007				Change			2007				Change
ASSETS
Cash and Due from Banks		$	81,640			$	105,898			(22.9	)%		$	103,789			(21.3	)%
Federal Funds Sold			5,000				16,500			(69.7	)%			—			—
Cash and Cash Equivalents			86,640				122,398			(29.2	)%			103,789			(16.5	)%
Investment Securities			222,469				350,457			(36.5	)%			357,616			(37.8	)%
Loans:
Gross Loans, Net of Deferred Loan Fees			3,345,049				3,284,708			1.8	%			3,219,871			3.9	%
Allowance for Loan Losses			(63,948	)			(43,611	)		46.6	%			(34,503	)		85.3	%
Loans Receivable, Net			3,281,101				3,241,097			1.2	%			3,185,368			3.0	%
Customers’ Liability on Acceptances			7,382				5,387			37.0	%			5,357			37.8	%
Premises and Equipment, Net			20,703				20,800			(0.5	)%			20,597			0.5	%
Accrued Interest Receivable			13,801				17,411			(20.7	)%			17,619			(21.7	)%
Other Real Estate Owned			2,988				287			941.1	%			287			941.1	%
Servicing Assets			4,018				4,336			(7.3	)%			4,328			(7.2	)%
Goodwill			—				107,100			(100.0	)%			209,991			(100.0	)%
Other Intangible Assets			5,404				6,908			(21.8	)%			7,457			(27.5	)%
Federal Reserve Bank and Federal Home Loan Bank Stock			42,157				33,479			25.9	%			25,525			65.2	%
Bank-Owned Life Insurance			25,239				24,525			2.9	%			24,285			3.9	%
Other Assets			54,089				49,472			9.3	%			49,396			9.5	%
TOTAL ASSETS		$	3,765,991			$	3,983,657			(5.5	)%		$	4,011,615			(6.1	)%
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Noninterest-Bearing		$	634,593			$	680,282			(6.7	)%		$	690,513			(8.1	)%
Interest-Bearing			2,164,784				2,321,417			(6.7	)%			2,357,044			(8.2	)%
Total Deposits			2,799,377				3,001,699			(6.7	)%			3,047,557			(8.1	)%
Accrued Interest Payable			11,344				21,828			(48.0	)%			20,449			(44.5	)%
Acceptances Outstanding			7,382				5,387			37.0	%			5,357			37.8	%
FHLB Advances and Other Borrowings			584,972				487,164			20.1	%			361,344			61.9	%
Junior Subordinated Debentures			82,406				82,406			—				82,406			—
Other Liabilities			13,314				14,617			(8.9	)%			12,525			6.3	%
Total Liabilities			3,498,795				3,613,101			(3.2	)%			3,529,638			(0.9	)%
Stockholders’ Equity			267,196				370,556			(27.9	)%			481,977			(44.6	)%
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	3,765,991			$	3,983,657			(5.5	)%		$	4,011,615			(6.1	)%

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(Dollars in Thousands, Except Per Share Data)
	Three Months Ended																Nine Months Ended
	Sept. 30,			June 30,				%			Sept. 30,			%			Sept. 30,				Sept. 30,			%
		2008			2008			Change				2007		Change				2008				2007		Change
INTEREST AND DIVIDEND INCOME:
Interest and Fees on Loans	$	56,134		$	55,905			0.4	%		$	66,714		(15.9	)%		$	172,637			$	194,487		(11.2	)%
Taxable Interest on Investments		2,053			2,579			(20.4	)%			3,308		(37.9	)%			7,748				10,213		(24.1	)%
Tax-Exempt Interest on Investments		650			662			(1.8	)%			764		(14.9	)%			2,071				2,290		(9.6	)%
Dividends on FHLB and FRB Stock		581			486			19.5	%			350		66.0	%			1,481				1,055		40.4	%
Interest on Federal Funds Sold		23			31			(25.8	)%			61		(62.3	)%			137				963		(85.8	)%
Interest on Term Federal Funds Sold		—			—			—				—		—				—				5		(100.0	)%
Total Interest and Dividend Income		59,441			59,663			(0.4	)%			71,197		(16.5	)%			184,074				209,013		(11.9	)%
INTEREST EXPENSE:
Interest on Deposits		19,365			20,487			(5.5	)%			27,987		(30.8	)%			64,699				80,973		(20.1	)%
Interest on FHLB Advances and Other Borrowings		3,329			3,944			(15.6	)%			3,785		(12.0	)%			11,750				8,875		32.4	%
Interest on Junior Subordinated Debentures		1,150			1,164			(1.2	)%			1,675		(31.3	)%			3,763				4,974		(24.3	)%
Total Interest Expense		23,844			25,595			(6.8	)%			33,447		(28.7	)%			80,212				94,822		(15.4	)%
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES		35,597			34,068			4.5	%			37,750		(5.7	)%			103,862				114,191		(9.0	)%
Provision for Credit Losses		13,176			19,229			(31.5	)%			8,464		55.7	%			50,226				17,619		185.1	%
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES		22,421			14,839			51.1	%			29,286		(23.4	)%			53,636				96,572		(44.5	)%
NON-INTEREST INCOME:
Service Charges on Deposit Accounts		4,648			4,539			2.4	%			4,463		4.1	%			13,904				13,389		3.8	%
Insurance Commissions		1,194			1,384			(13.7	)%			1,131		5.6	%			3,893				3,535		10.1	%
Trade Finance Fees		784			825			(5.0	)%			1,082		(27.5	)%			2,474				3,549		(30.3	)%
Other Service Charges and Fees		433			703			(38.4	)%			691		(37.3	)%			1,852				1,881		(1.5	)%
Remittance Fees		499			539			(7.4	)%			512		(2.5	)%			1,543				1,503		2.7	%
Gain on Sales of Loans		—			552			(100.0	)%			523		(100.0	)%			765				3,685		(79.2	)%
Bank-Owned Life Insurance Income		241			234			3.0	%			234		3.0	%			715				693		3.2	%
Gain (Loss) on Sales of Securities Available for Sale		(483	)		—			—				—		—				135				—		—
Other-Than-Temporary Impairment Loss on Securities		(2,621	)		—			—				—		—				(2,621	)			—		—
Other Income		633			876			(27.7	)%			890		(28.9	)%			2,085				1,970		5.8	%
Total Non-Interest Income		5,328			9,652			(44.8	)%			9,526		(44.1	)%			24,745				30,205		(18.1	)%
NON-INTEREST EXPENSES:
Salaries and Employee Benefits		10,782			11,301			(4.6	)%			11,418		(5.6	)%			33,363				33,961		(1.8	)%
Occupancy and Equipment		2,786			2,792			(0.2	)%			2,657		4.9	%			8,360				7,740		8.0	%
Data Processing		1,498			1,698			(11.8	)%			1,540		(2.7	)%			4,730				4,768		(0.8	)%
Professional Fees		647			995			(35.0	)%			565		14.5	%			2,627				1,686		55.8	%
Advertising and Promotion		914			888			2.9	%			943		(3.1	)%			2,614				2,493		4.9	%
Supplies and Communications		681			623			9.3	%			704		(3.3	)%			2,008				1,996		0.6	%
Amortization of Other Intangible Assets		478			502			(4.8	)%			570		(16.1	)%			1,504				1,776		(15.3	)%
Impairment Loss on Goodwill		—			107,393			(100.0	)%			—		—				107,393				—		—
Other Operating Expenses		4,449			3,251			36.9	%			2,852		56.0	%			10,667				9,288		14.8	%
Total Non-Interest Expenses		22,235			129,443			(82.8	)%			21,249		4.6	%			173,266				63,708		172.0	%
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES		5,514			(104,952	)		(105.3	)%			17,563		(68.6	)%			(94,885	)			63,069		(250.4	)%
Provision for Income Taxes		1,166			595			96.0	%			6,536		(82.2	)%			3,393				23,788		(85.7	)%
NET INCOME (LOSS)	$	4,348		$	(105,547	)		(104.1	)%		$	11,027		(60.6	)%		$	(98,278	)		$	39,281		(350.2	)%
EARNINGS (LOSS) PER SHARE:
Basic	$	0.09		$	(2.30	)		(103.9	)%		$	0.23		(60.9	)%		$	(2.14	)		$	0.81		(364.2	)%
Diluted	$	0.09		$	(2.30	)		(103.9	)%		$	0.23		(60.9	)%		$	(2.14	)		$	0.81		(364.2	)%
WEIGHTED-AVERAGE SHARES OUTSTANDING:
Basic		45,881,549			45,881,549							47,355,143						45,869,069				48,232,464
Diluted		45,933,043			45,881,549							47,536,078						45,869,069				48,569,863
SHARES OUTSTANDING AT PERIOD-END		45,905,549			45,900,549							46,986,341						45,905,549				46,986,341

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
SELECTED FINANCIAL DATA (UNAUDITED)
(Dollars in Thousands)
		Three Months Ended																		Nine Months Ended
		September 30,				June 30,				%			September 30,				%			September 30,				September 30,				%
			2008				2008			Change				2007			Change				2008				2007			Change
AVERAGE BALANCES:
Average Gross Loans, Net of Deferred Loan Fees		$	3,341,250			$	3,317,061			0.7	%		$	3,135,531			6.6	%		$	3,320,559			$	3,011,946			10.2	%
Average Investment Securities			244,027				296,790			(17.8	)%			360,626			(32.3	)%			294,130				374,209			(21.4	)%
Average Interest-Earning Assets			3,630,755				3,657,676			(0.7	)%			3,526,493			3.0	%			3,659,255				3,435,932			6.5	%
Average Total Assets			3,789,614				3,920,796			(3.3	)%			3,915,517			(3.2	)%			3,892,197				3,825,784			1.7	%
Average Deposits			2,895,746				2,882,506			0.5	%			3,016,118			(4.0	)%			2,924,416				2,976,676			(1.8	)%
Average Borrowings			590,401				621,239			(5.0	)%			367,605			60.6	%			588,267				308,406			90.7	%
Average Interest-Bearing Liabilities			2,835,917				2,851,021			(0.5	)%			2,683,930			5.7	%			2,861,288				2,575,061			11.1	%
Average Stockholders’ Equity			267,433				377,096			(29.1	)%			487,006			(45.1	)%			340,894				494,731			(31.1	)%
Average Tangible Equity			261,751				264,710			(1.1	)%			269,255			(2.8	)%			263,870				276,627			(4.6	)%
PERFORMANCE RATIOS:
Return on Average Assets			0.46	%			(10.83	)%						1.12	%						(3.37	)%			1.37	%
Return on Average Stockholders’ Equity			6.47	%			(112.57	)%						8.98	%						(38.51	)%			10.62	%
Return on Average Tangible Equity			6.61	%			(160.37	)%						16.25	%						(49.75	)%			18.99	%
Efficiency Ratio			54.33	%			296.07	%						44.95	%						134.73	%			44.12	%
Net Interest Spread			3.17	%			2.95	%						3.07	%						2.98	%			3.21	%
Net Interest Margin			3.90	%			3.75	%						4.25	%						3.79	%			4.44	%
ALLOWANCE FOR LOAN LOSSES:
Balance at the Beginning of Period		$	62,977			$	52,986			18.9	%		$	32,190			95.6	%		$	43,611			$	27,557			58.3	%
Provision Charged to Operating Expense			12,802				18,211			(29.7	)%			8,397			52.5	%			47,685				17,952			165.6	%
Charge-Offs, Net of Recoveries			(11,831	)			(8,220	)		43.9	%			(6,084	)		94.5	%			(27,348	)			(11,006	)		148.5	%
Balance at End of Period		$	63,948			$	62,977			1.5	%		$	34,503			85.3	%		$	63,948			$	34,503			85.3	%
Allowance for Loan Losses to Total Gross Loans			1.91	%			1.88	%						1.07	%						1.91	%			1.07	%
Allowance for Loan Losses to Total Non-Performing Loans			57.16	%			56.14	%						77.19	%						57.16	%			77.19	%
ALLOWANCE FOR OFF-BALANCE SHEET ITEMS:
Balance at the Beginning of Period		$	3,932			$	2,914			34.9	%		$	1,730			127.3	%		$	1,765			$	2,130			(17.1	)%
Provision Charged to Operating Expense			374				1,018			(63.3	)%			67			(194.5	)%			2,541				(333	)		(863.1	)%
Balance at End of Period		$	4,306			$	3,932			9.5	%		$	1,797			139.6	%		$	4,306			$	1,797			139.6	%

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
SELECTED FINANCIAL DATA (UNAUDITED) (Continued)
(Dollars in Thousands)
		September 30,				December 31,				%			September 30,				%
			2008				2007			Change				2007			Change
NON-PERFORMING ASSETS:
Non-Accrual Loans		$	111,335			$	54,252			105.2	%		$	44,497			150.2	%
Loans 90 Days or More Past Due and Still Accruing			535				227			135.7	%			199			168.8	%
Total Non-Performing Loans			111,870				54,479			105.3	%			44,696			150.3	%
Other Real Estate Owned			2,988				287			941.1	%			287			941.1	%
Total Non-Performing Assets		$	114,858			$	54,766			109.7	%		$	44,983			155.3	%
Total Non-Performing Loans/Total Gross Loans			3.34	%			1.66	%						1.39	%
Total Non-Performing Assets/Total Assets			3.05	%			1.37	%						1.12	%
Total Non-Performing Assets/Allowance for Loan Losses			179.6	%			125.6	%						130.4	%
DELINQUENT LOANS		$	102,917			$	45,086			128.3	%		$	54,954			87.3	%
Delinquent Loans/Total Gross Loans			3.08	%			1.37	%						1.71	%
LOAN PORTFOLIO:
Real Estate Loans		$	1,166,436			$	1,101,907			5.9	%		$	1,099,100			6.1	%
Commercial and Industrial Loans			2,096,222				2,094,719			0.1	%			2,033,009			3.1	%
Consumer Loans			84,031				90,449			(7.1	)%			90,416			(7.1	)%
Total Gross Loans			3,346,689				3,287,075			1.8	%			3,222,525			3.9	%
Deferred Loan Fees			(1,640	)			(2,367	)		(30.7	)%			(2,654	)		(38.2	)%
Gross Loans, Net of Deferred Loan Fees			3,345,049				3,284,708			1.8	%			3,219,871			3.9	%
Allowance for Loan Losses			(63,948	)			(43,611	)		46.6	%			(34,503	)		85.3	%
Loans Receivable, Net		$	3,281,101			$	3,241,097			1.2	%		$	3,185,368			3.0	%
LOAN MIX:
Real Estate Loans			34.9	%			33.5	%						34.1	%
Commercial and Industrial Loans			62.6	%			63.7	%						63.1	%
Consumer Loans			2.5	%			2.8	%						2.8	%
Total Gross Loans			100.0	%			100.0	%						100.0	%
DEPOSIT PORTFOLIO:
Noninterest-Bearing		$	634,593			$	680,282			(6.7	)%		$	690,513			(8.1	)%
Savings			86,157				93,099			(7.5	)%			94,150			(8.5	)%
Money Market Checking and NOW Accounts			597,065				445,806			33.9	%			476,257			25.4	%
Time Deposits of $100,000 or More			863,034				1,441,683			(54.5	)%			1,474,764			(55.5	)%
Other Time Deposits			618,528				340,829			142.3	%			311,873			164.8	%
Total Deposits		$	2,799,377			$	3,001,699			(6.7	)%		$	3,047,557			(8.1	)%
DEPOSIT MIX:
Noninterest-Bearing			22.7	%			22.7	%						22.7	%
Savings			3.1	%			3.1	%						3.1	%
Money Market Checking and NOW Accounts			21.3	%			14.9	%						15.6	%
Time Deposits of $100,000 or More			23.4	%			48.0	%						48.4	%
Other Time Deposits			29.5	%			11.3	%						10.2	%
Total Deposits			100.0	%			100.0	%						100.0	%

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
AVERAGE BALANCES, AVERAGE YIELDS EARNED AND AVERAGE RATES PAID (UNAUDITED)
(Dollars in Thousands)
			Three Months Ended																										Nine Months Ended
			September 30, 2008								June 30, 2008									September 30, 2007									September 30, 2008									September 30, 2007
			Average Balance		Interest Income/ Expense		Average Yield/ Rate				Average Balance			Interest Income/ Expense		Average Yield/ Rate				Average Balance			Interest Income/ Expense		Average Yield/ Rate				Average Balance			Interest Income/ Expense		Average Yield/ Rate				Average Balance			Interest Income/ Expense		Average Yield/ Rate
	INTEREST-EARNING ASSETS
	Loans:
	Real Estate Loans:
	Commercial Property		$ 867,684		$ 14,604		6.70	%			$ 804,745			$ 13,810		6.90	%			$ 775,605			$ 15,678		8.02	%			$ 821,097			$ 42,894		6.98	%			$ 765,880			$ 46,380		8.10	%
	Construction		199,969		2,539		5.05	%			208,074			2,649		5.12	%			227,779			4,814		8.38	%			208,519			8,081		5.18	%			218,693			14,889		9.10	%
	Residential Property		90,739		1,209		5.30	%			89,949			1,205		5.39	%			87,864			1,124		5.08	%			90,069			3,584		5.32	%			86,505			3,378		5.22	%
	Total Real Estate Loans		1,158,392		18,352		6.30	%			1,102,768			17,664		6.44	%			1,091,248			21,616		7.86	%			1,119,685			54,559		6.51	%			1,071,078			64,647		8.07	%
	Commercial and Industrial Loans		2,099,708		36,128		6.85	%			2,127,882			36,236		6.85	%			1,951,478			43,169		8.78	%			2,114,974			112,416		7.10	%			1,846,247			123,143		8.92	%
	Consumer Loans		85,021		1,495		7.00	%			88,491			1,596		7.25	%			94,751			1,798		7.53	%			87,920			4,789		7.28	%			96,839			5,987		8.27	%
	Total Gross Loans		3,343,121		55,975		6.66	%			3,319,141			55,496		6.72	%			3,137,477			66,583		8.42	%			3,322,579			171,764		6.91	%			3,014,164			193,777		8.60	%
	Prepayment Penalty Income		—		159		—				—			409		—				—			131		—				—			873		—				—			710		—
	Unearned Income on Loans, Net of Costs		(1,871	)	—		—				(2,080	)		—		—				(1,946	)		—		—				(2,020	)		—		—				(2,218	)		—		—
	Gross Loans, Net		3,341,250		56,134		6.68	%			3,317,061			55,905		6.78	%			3,135,531			66,714		8.44	%			3,320,559			172,637		6.94	%			3,011,946			194,487		8.63	%
	Investment Securities:
	Municipal Bonds		60,979		650		4.26	%			63,177			662		4.19	%			70,984			764		4.31	%			65,329			2,071		4.23	%			71,883			2,290		4.25	%
	U.S. Government Agency Securities		46,777		483		4.13	%			84,088			884		4.21	%			119,704			1,286		4.30	%			80,120			2,612		4.35	%			118,894			3,775		4.23	%
	Mortgage-Backed Securities		83,460		994		4.76	%			91,488			1,076		4.70	%			101,688			1,237		4.87	%			90,652			3,246		4.77	%			110,656			3,958		4.77	%
	Collateralized Mortgage Obligations		41,266		441		4.27	%			46,411			487		4.20	%			55,619			612		4.40	%			45,853			1,462		4.25	%			59,977			1,960		4.36	%
	Corporate Bonds		7,751		89		4.59	%			7,779			89		4.58	%			7,811			89		4.56	%			8,344			287		4.59	%			7,862			268		4.55	%
	Other Securities		3,794		42		4.43	%			3,847			42		4.37	%			4,820			84		6.97	%			3,832			136		4.73	%			4,937			252		6.81	%
	Total Investment Securities		244,027		2,699		4.42	%			296,790			3,240		4.37	%			360,626			4,072		4.52	%			294,130			9,814		4.45	%			374,209			12,503		4.45	%
	Other Interest-Earning Assets:
	Equity Securities (includes FHLB and FRB Stock)		39,929		581		5.82	%			38,031			486		5.11	%			25,431			350		5.51	%			37,160			1,481		5.31	%			25,244			1,055		5.57	%
	Federal Funds Sold		4,797		23		1.92	%			5,621			31		2.21	%			4,905			61		4.97	%			7,096			137		2.57	%			24,405			963		5.26	%
	Term Federal Funds Sold		—		—		—				—			—		—				—			—		—				—			—		—				128			5		5.21	%
	Interest-Earning Deposits		752		4		2.13	%			173			1		2.31	%			—			—		—				310			5		2.15	%			—			—		—
	Total Other Interest-Earning Assets		45,478		608		5.35	%			43,825			518		4.73	%			30,336			411		5.42	%			44,566			1,623		4.86	%			49,777			2,023		5.42	%
	TOTAL INTEREST-EARNING ASSETS		$ 3,630,755		$ 59,441		6.51	%			$ 3,657,676			$ 59,663		6.56	%			$ 3,526,493			$ 71,197		8.01	%			$ 3,659,255			$ 184,074		6.72	%			$ 3,435,932			$ 209,013		8.13	%
	INTEREST-BEARING LIABILITIES
	Interest-Bearing Deposits:
	Savings		$ 91,465		$ 533		2.32	%			$ 91,803			$ 527		2.31	%			$ 95,147			$ 567		2.36	%			$ 91,910			$ 1,587		2.31	%			$ 98,440			$ 1,530		2.08	%
	Money Market Checking and NOW Accounts		693,718		5,579		3.20	%			718,257			5,707		3.20	%			471,756			4,164		3.50	%			656,625			15,946		3.24	%			444,173			11,302		3.40	%
	Time Deposits of $100,000 or More		903,895		8,063		3.55	%			1,098,990			11,040		4.04	%			1,438,711			19,263		5.31	%			1,118,331			34,790		4.16	%			1,418,825			56,539		5.33	%
	Other Time Deposits		556,438		5,190		3.71	%			320,732			3,213		4.03	%			310,711			3,993		5.10	%			406,155			12,376		4.07	%			305,217			11,602		5.08	%
	Total Interest-Bearing Deposits		2,245,516		19,365		3.43	%			2,229,782			20,487		3.70	%			2,316,325			27,987		4.79	%			2,273,021			64,699		3.80	%			2,266,655			80,973		4.78	%
	Borrowings:
	FHLB Advances and Other Borrowings		507,995		3,329		2.61	%			538,833			3,944		2.94	%			285,199			3,785		5.27	%			505,861			11,750		3.10	%			226,000			8,875		5.25	%
	Junior Subordinated Debentures		82,406		1,150		5.55	%			82,406			1,164		5.68	%			82,406			1,675		8.06	%			82,406			3,763		6.10	%			82,406			4,974		8.07	%
	Total Borrowings		590,401		4,479		3.02	%			621,239			5,108		3.31	%			367,605			5,460		5.89	%			588,267			15,513		3.52	%			308,406			13,849		6.00	%
	TOTAL INTEREST-BEARING LIABILITIES		$ 2,835,917		$ 23,844		3.34	%			$ 2,851,021			$ 25,595		3.61	%			$ 2,683,930			$ 33,447		4.94	%			$ 2,861,288			$ 80,212		3.74	%			$ 2,575,061			$ 94,822		4.92	%
	NET INTEREST INCOME				$ 35,597									$ 34,068									$ 37,750									$ 103,862									$ 114,191
	NET INTEREST SPREAD						3.17	%								2.95	%								3.07	%								2.98	%								3.21	%
	NET INTEREST MARGIN						3.90	%								3.75	%								4.25	%								3.79	%								4.44	%

HANMI FINANCIAL CORPORATION AND SUBSIDIARIES
RECONCILIATIONS OF GAAP TO NON-GAAP (UNAUDITED)
(Dollars in Thousands, Except Per Share Amounts)
			Three Months Ended June 30, 2008											Nine Months Ended September 30, 2008
			Net				Weighted-							Net				Weighted-
			Income				Average			Per				Income				Average			Per
			(Loss)				Shares			Share				(Loss)				Shares			Share
			(Numerator)				(Denominator)			Amount				(Numerator)				(Denominator)			Amount
	GAAP Net Loss		$	(105,547	)		45,881,549			$	(2.30	)		$	(98,278	)		45,869,069			$	(2.14	)
	Impairment Loss on Goodwill			107,393											107,393
	Additional Dilutive Securities - Options						62,684											61,902
										$	2.34										$	2.34
	Non-GAAP Net Income, Excluding
	Impairment Loss on Goodwill		$	1,846			45,944,233			$	0.04			$	9,115			45,930,971			$	0.20

		Three Months Ended June 30, 2008														Nine Months Ended September 30, 2008
		GAAP				Less Impairment Loss on Goodwill					Non-GAAP					GAAP				Less Impairment Loss on Goodwill					Non-GAAP
Total Non-Interest Expenses		$	129,443			$	(107,393	)			$	22,050				$	173,266			$	(107,393	)			$	65,873
Return on Average Assets			(10.83	)%			11.02	%				0.19	%				(3.37	)%			3.68	%				0.31	%
Return on Average Shareholders’ Equity			(112.57	)%			114.54	%				1.97	%				(38.51	)%			42.08	%				3.57	%
Return on Average Tangible Equity			(160.36	)%			163.16	%				2.80	%				(49.75	)%			54.36	%				4.61	%
Efficiency Ratio			296.07	%			(245.64	)%				50.43	%				134.73	%			(83.51	)%				51.22	%