SEC Comment Letter 0000000000-22-013863 to HANMI FINANCIAL CORP (HAFC) (CIK 0001109242) (HAFC)
HANMI FINANCIAL CORP (HAFC) (CIK 0001109242)
Date: Dec. 22, 2022 · CIK: 0001109242 · Accession: 0000000000-22-013863
AI Filing Summary & Sentiment
File numbers found in text: 000-30421
Letter
United States securities and exchange commission logo December 22, 2022 Romolo Santarosa Senior Executive Vice President and Chief Financial Officer Hanmi Financial Corporation 900 Wilshire Boulevard, Suite 1250 Los Angeles, California 900017 Re:Hanmi Financial Corporation Form 10-K For the Fiscal Year Ended December 31, 2021 Filed February 28, 2022 File No. 000-30421 Dear Romolo Santarosa: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K For the Fiscal Year Ended December 31, 2021 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Critical Accounting Policies, page 29 1.We note that you do not include disclosure of any critical accounting estimate(s). Provide this disclosure in future filings. Your disclosures should explain why each critical accounting estimate is subject to uncertainty and, to the extent the information is material and reasonably available, how much each estimate and/or assumption has changed over a relevant period, and the sensitivity of the reported amounts to the material methods, assumptions and estimates underlying its calculation. Ensure that the disclosure of your critical accounting estimate(s) is not a repetition of your significant accounting policies. Refer to Item 303(b)(3) of Regulation S-K. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
FirstName LastNameRomolo Santarosa Comapany NameHanmi Financial Corporation December 22, 2022 Page 2 FirstName LastName Romolo Santarosa Hanmi Financial Corporation December 22, 2022 Page 2 absence of action by the staff. You may contact Lory Empie, Staff Accountant at 202-551-3714 or Michael Henderson, Staff Accountant at 201-551-3364 with any questions. Sincerely, Division of Corporation Finance Office of Finance
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United States securities and exchange commission logo
December 22, 2022
Romolo Santarosa
Senior Executive Vice President and Chief Financial Officer
Hanmi Financial Corporation
900 Wilshire Boulevard, Suite 1250
Los Angeles, California 900017
Re:Hanmi Financial Corporation
Form 10-K For the Fiscal Year Ended December 31, 2021
Filed February 28, 2022
File No. 000-30421
Dear Romolo Santarosa:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 10-K For the Fiscal Year Ended December 31, 2021
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Critical Accounting Policies, page 29
1.We note that you do not include disclosure of any critical accounting estimate(s). Provide
this disclosure in future filings. Your disclosures should explain why each critical
accounting estimate is subject to uncertainty and, to the extent the information is material
and reasonably available, how much each estimate and/or assumption has changed over a
relevant period, and the sensitivity of the reported amounts to the material methods,
assumptions and estimates underlying its calculation. Ensure that the disclosure of your
critical accounting estimate(s) is not a repetition of your significant accounting policies.
Refer to Item 303(b)(3) of Regulation S-K.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
FirstName LastNameRomolo Santarosa
Comapany NameHanmi Financial Corporation
December 22, 2022 Page 2
FirstName LastName
Romolo Santarosa
Hanmi Financial Corporation
December 22, 2022
Page 2
absence of action by the staff.
You may contact Lory Empie, Staff Accountant at 202-551-3714 or Michael Henderson,
Staff Accountant at 201-551-3364 with any questions.
Sincerely,
Division of Corporation Finance
Office of Finance