Christina Lee - First Vice President of Investor Relations and Corporate Strategy C. G. Kum - President, Chief Executive Officer, Director of the Company and Hanmi Bank Ron Santarosa - Chief Financial Officer, Senior Executive Vice President :

Julianna Balicka - KBW Bob Ramsey - FBR Capital Markets Matthew Clark - Piper Jaffray Gary Tenner - D.A. Davidson : :

Ladies and gentlemen, welcome to the Hanmi Financial Corporation's Fourth Quarter and Full Year 2015 Conference Call. As a reminder, today’s call is being recorded for replay purposes. At this time, all participants are in a listen-only mode. Following the presentation, the conference will be opened for questions. I would now like to introduce Ms. Christina Lee, First Vice President of Investor Relations and Corporate Strategy. Please go ahead. :

Thank you, Kris. And thank you all for joining us today. With me to discuss Hanmi Financial’s fourth quarter and full-year 2015 earnings are C. G. Kum, our President and Chief Executive Officer; Bonnie Lee, Chief Operating Officer, Ron Santarosa, Chief Financial Officer. Mr. Kum will begin with an overview of the quarter and full year, and Mr. Santarosa will then provide more details on our operating performance and credit quality. At the conclusion of the prepared remarks, we will open the session for questions. In today’s call, we may include comments and forward-looking statements based on current plans, expectations, events, and financial industry trends that may affect the company's future operating results and financial position. Our actual results could be different from those expressed or implied by our forward-looking statements, which involve risks and uncertainties. The speakers on this call claim the protection of the Safe Harbor provisions contained in Securities Litigation Reform Act of 1995. For some factors that may cause our results to differ from our expectations, please refer to our SEC filings, including our most recent Form 10-K and 10-Qs. In particular, we direct you to the discussion in our 10-K of certain risk factors affecting our business. This morning, Hanmi Financial issued a news release outlining our financial results for the fourth quarter and full-year 2015, which can be found on our website at hanmi.com. I will now turn the call over to Mr. Kum. :

Thank you, Christina. Good afternoon, everyone. Thank you for joining us today to discuss our 2015 fourth quarter and full year results. Our excellent performance this past quarter was the culmination of a strong year of profitable growth for Hanmi. Let me take a moment to briefly summarize the highlights: Net income for both the fourth quarter and full year was significantly higher after adjusting for non-recurring items primarily related to the 2014 acquisition of Central Bancorp, Inc. New loan production remained very strong in the fourth quarter and helped generate 49% growth in loan production for the full year. In addition to strong growth in our core California markets, we saw solid contributions from our expansion initiatives in Texas and Illinois. As a result of the strong loan production, loans receivable were up 14.2% for the year. I am pleased to report that we have been able to achieve this growth while maintaining our conservative underwriting standards and improving asset quality. In addition, we’ve had very good success in the repositioning of our balance sheet since the acquisition of CBI, which has led to a nice expansion in net interest margin. We also continued to benefit from a low cost deposit base. Our ongoing emphasis on relationship banking is helping drive a solid increase in demand deposits. And importantly, shareholders are being rewarded by the success of the Hanmi franchise. During the fourth quarter, our board of directors increased the quarterly common stock dividend by 27% - reflecting our strong performance in the fourth quarter and full year in 2015 and the board’s continued confidence in our ability to generate sustained profitable growth going forward. Looking more closely at our fourth quarter and full year results, we reported net income of $14.8 million, or 46 cents per diluted share…

Thank you C. G. and good afternoon everyone. Fourth quarter net interest income increased 4 percent or $1.6 million to $37.6 million from $36.0 million for the third quarter. Our net interest margin, on a taxable equivalent basis and adjusted for the effects of acquisition accounting, also increased 14 basis points to 3.62 percent from 3.48 percent. The increase in our net interest revenues and margin reflects the expansion of our loan portfolio and the positive change in the mix of our earning assets. Quarter-over-quarter, average loans increased 5 percent to $3.0 billion and climbed to 80 percent of average interest-earning assets. Compared with the 2014 fourth quarter, our net interest income changed little; however, net interest margin jumped 38 basis points, again measured in the same manner, further evidencing the change in the mix of our earning assets and a 12 percent increase in average loans. For the 2015 year, net interest income increased 21 percent or $25.4 million to $148.1 million from $122.7 million for 2014 principally because of the 19 percent increase in average loans. Net interest margin, on a taxable equivalent basis and adjusted for the effects of acquisition accounting, however, declined to 3.47 percent from 3.65 percent because of securities sales and the change in the mix of securities. Noninterest income for the fourth quarter was $12.1 million, down from $13.6 million for the third quarter principally on lower gains from dispositions on PCI loans and lower gains from securities sales. Gains from the resolution or disposition of our acquired PCI loans were $2.1 million for the fourth quarter compared with $4.3 million for the third quarter. Outstanding PCI loans declined 20 percent since the end of the third quarter. Fourth quarter gains from securities transactions were $467 thousand compared with $2.0 million for the…

Thank you, Ron. We entered 2015 with several key objectives. First, complete the system conversion as scheduled for February of 2015. Second, reposition the Hanmi balance sheet by converting liquid assets acquired from CBI to higher yielding loans. Third, generate year over year net loan growth in the low double digits. Fourth, lower the efficiency ratio to mid-50s by year end. I am very pleased to report that we have met or exceeded each and every one of the above mentioned objectives. Overall, I am very pleased with our performance in 2015 and I believe Hanmi is well-positioned to continue generating profitable growth and capitalizing on market dislocation in the quarters and years ahead. I look forward to sharing our progress with you again next quarter.

Kris, let’s open the call for questions.

[Operator Instructions]. Our first question comes from the line of Julianna Balicka of KBW. Please proceed with your question.

Our next question comes from the line of Bob Ramsey of FBR Capital Markets. Mr. Ramsey, please proceed with your question.

[Operator Instructions]. Our next question comes from the line of Matthew Clark of Piper Jaffray. Mr. Clark, please proceed with your question.

Our next question comes from the line of Gary Tenner of D.A. Davidson. Mr. Tenner, please proceed with your question.

We have a follow-up question from the line of Bob Ramsey of FBR Capital Markets. Mr. Ramsey, please proceed with that question.

We have no further questions in queue at this time. Please continue.

Thank you for listening to Hanmi Financial's fourth quarter and full year conference call. We look forward to speaking to you next quarter.

Thank you. Ladies and gentlemen, this does conclude today's teleconference. You may disconnect your lines at this time and thank you for your participation.