Hanmi Bank


3660 Wilshire Boulevard, Suite Ph-A
Los Angeles, CA 90010
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.65% 1.01% →
2-Year CD 0.65% 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Hanmi Bank is an FDIC insured institution located in Los Angeles, CA. It was founded in 1982 and has approximately $5.62 billion in assets. Customers can open an account at one of its 51 branches.

FDIC Insured Yes
FDIC Certificate # 24170
Date Established 1982
Assets $ 5.62 billion
Loans $ 4.48 billion
Deposits $ 4.60 billion
Capital $ 650.07 million

For a more detailed analysis of Hanmi Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Hanmi Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Hanmi Bank
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Hanmi Bank Locations

Financial Details

Hanmi Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hanmi Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Hanmi Bank U.S. Bank Average
7.3% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Hanmi Bank had $52,225,000 in non-current loans and $63,000 in owned real estate. To cover these potential losses it had $650,065,000 in equity and $66,500,000 in loans loss reserves. That gives it a Texas Ratio of 7.3%.

Return on Equity
Hanmi Bank U.S. Bank Average
2.68% 7.80%

Hanmi Bank has a Return on Equity of 2.68% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Hanmi Bank U.S. Bank Average
11.58% 12.68%

Hanmi Bank has a Capitalization of 11.58% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Hanmi Bank Balance Sheet Analysis

As of March 31, 2020, Hanmi Bank had assets of $5,615,894,000, loans of $4,477,136,000, and deposits of $4,602,035,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
Cash & Balances due from depository institutions $ 290.55 million
Interest-bearing balances $ 223.04 million
Total securities $ 622.21 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 4.48 billion
Loan loss allowance $ 66.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles $ 18.54 million
All other assets $ 145.18 million
     Total Assets $ 4.97 billion
Total deposits $ 4.60 billion
      Interest-bearing deposits $ 3.22 billion
      Deposits held in domestic offices $ 4.60 billion
      % insured (estimated) 65.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 336.86 million
Subordinated debt N.A.
All other liabilities $ 26.93 million
      Total Liabilities $ 4.97 billion
      Shareholders’ Equity $ 650.07 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 58.92 million
Total Interest Expense $ 13.24 million
Net interest income $ 45.69 million
Provision for loan and lease losses $ 14.92 million
Total non interest income $ 6.48 million
Total non interest expense $ 30.92 million
Pre-tax Net Operating Income $ 6.33 million

Bank Loan Profile?

The top three loan types in Hanmi Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Hanmi Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 8.90
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 7.20
Construction and Development Loans 1.43
Commercial Real Estate 64.93
Commercial and Industrial Loans 21.65
Farm Loans 0.00

Frequently Asked Questions About Hanmi Bank

Branches and Savings

Is Hanmi Bank FDIC insured?

Yes. It is covered under FDIC Certificate #24170.

Why does Hanmi Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Hanmi Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Hanmi Bank a commercial bank?


Where are Hanmi Bank locations?

See branch locations nearby.

Is Hanmi Bank open on Saturdays?

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Are Hanmi Bank ATMs Open 24/7?

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Can Hanmi Bank customers use other ATMs?

Do Hanmi Bank branches have notaries?

Will Hanmi Bank notarize my document?

What address for Hanmi Bank should I put for incoming ACH transfers?

Will the Hanmi Bank branch print checks?

Do Hanmi Bank checks expire?

Does Hanmi Bank require US citizenship to open account?

Can Hanmi Bank close my account?

Does Hanmi Bank Report to credit bureaus?

Does Hanmi Bank Use Equifax?

What is Hanmi Bank's ACH Routing Number?

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Does Hanmi Bank offer mortgages?

Compare mortgage rates here.

Does Hanmi Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Hanmi Bank offer personal loans?

Compare personal loan rates here.

Does Hanmi Bank offer student loans?

Will Hanmi Bank cash a check?

Will Hanmi Bank redeem a savings bond?

Does Hanmi Bank cash savings bonds?

Will Hanmi Bank cash money orders?

Can Hanmi Bank issue a money order?

Does Hanmi Bank do currency exchange?

Background on The Bank

Who owns Hanmi Bank?

How long has Hanmi Bank been around?

Can Hanmi Bank transfer to other banks?

Does Hanmi Bank have quick pay?

Does Hanmi Bank accept rolled coins?

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