1109242--3/16/2009--HANMI_FINANCIAL

related topics

{loan, real, estate}

{condition, economic, financial}

{capital, credit, financial}

{loss, insurance, financial}

{system, service, information}

{product, market, service}

{personnel, key, retain}

{investment, property, distribution}

{acquisition, growth, future}

{operation, natural, condition}

{stock, price, operating}

{regulation, change, law}

{financial, litigation, operation}

{competitive, industry, competition}

Our operations may require us to raise additional capital in the future, but that capital may not be available or may not be on terms acceptable to us when it is needed. Difficult economic and market conditions have adversely affected our industry. If current levels of market disruption and volatility continue or worsen, there can be no assurance that we will not experience an adverse effect, which may be material, on our ability to access capital and on our business, financial condition and results of operations. U.S. and international financial markets and economic conditions could adversely affect our liquidity, results of operations and financial condition. We have recently experienced significant changes in our key management. We may be required to make additional provisions for credit losses and charge off additional loans in the future, which could adversely affect our results of operations and capital levels. Our allowance for loan losses may not be adequate to cover actual losses. Liquidity risk could impair our ability to fund operations and jeopardize our financial condition. Brokered deposits may be difficult for us to retain or replace at attractive rates as they mature. Changes in economic conditions could materially hurt our business. Our Southern California business focus and economic conditions in Southern California could adversely affect our operations. Our concentration in commercial real estate loans located primarily in Southern California could have adverse effects on credit quality. Our concentration in commercial and industrial loans could have adverse effects on credit quality. Our concentrations of loans in certain industries could have adverse effects on credit quality. If a significant number of borrowers, guarantors or related parties fail to perform as required by the terms of their loans, we could sustain losses. Our loan portfolio is predominantly secured by real estate and thus we have a higher degree of risk from a downturn in our real estate markets. We are exposed to risk of environmental liabilities with respect to properties to which we take title. Our earnings are affected by changing interest rates. We must manage our funding resources to enable us to meet our ongoing operations costs and our deposit and borrowing obligations as they come due. The short-term and long-term impact of the new Basel II capital standards and the forthcoming new capital rules to be proposed for non-Basel II U.S. banks is uncertain. We are subject to government regulations that could limit or restrict our activities, which in turn could adversely affect our operations. Competition may adversely affect our performance. Hanmi Bank is currently restricted from paying dividends to Hanmi Financial and Hanmi Financial is restricted from paying dividends to stockholders and from making any payments on its trust preferred securities. We continually encounter technological change, and we may have fewer resources than many of our competitors to continue to invest in technological improvements. We rely on communications, information, operating and financial control systems technology from third-party service providers, and we may suffer an interruption in those systems. Negative publicity could damage our reputation. The price of our common stock may be volatile or may decline.

Full 10-K form ▸

1109242--3/16/2009--HANMI_FINANCIAL_CORP