Hanmi Financial Corporation (NASDAQ:HAFC) Q3 2023 Earnings Call Transcript

Kelly Motta: Just a minor follow-up on that occupancy line. It was about $4.8 million this year, which annualizes out to $19.3 million. Would that be kind of the number to build that $300,000 per year off of? It was just a little bit higher than the first half of the year, so I kind of want to make sure I have the base of that right?

Ron Santarosa: I would average over the quarters because while the occupancy expenses measured by rents or depreciation, amortization are fairly constant, you do get maintenance repair, which creates some volatility, if you will. So little ups and downs depending on whatever the particular property is. So I would average the quarters before you put an inflation effect on top of it.

Operator: Thank you. [Operator Instructions] Thank you. We have no further questions in the queue at this time. Bonnie Lee for concluding remarks.

Bonnie Lee: Thank you for joining our call today. We appreciate your interest in Hanmi and look forward to sharing our continued progress with you on our year-end call in January. Thank you.

Operator: Thank you. This concludes today’s teleconference. You may now disconnect your lines at this time. Thank you for your participation.