Hanmi Financial Corporation ( NASDAQ:HAFC ) Q3 2022 Earnings Conference Call October 25, 2022 5:00 PM ET
Company members
Larry Clark - IR
Bonita Lee - President and CEO
Anthony Kim, Chief Executive Officer of the Bank
Romola Santorosa - SEVP and CFO
Call the participants
Matthew Clark - Piper Sandler
Kelly Type - KBW
Gary Tanner - DA Davidson
Timothy Coffey Jenny
Promoter
Ladies and gentlemen, welcome to Hanmi Financial Corporation's third quarter 2022 conference call. Remember that today's call has been recorded for replay. During this time, all participants are in listening mode. After the official presentation, there will be a question and answer session. [Instructions for the operator].
I would now like to turn the call over to Larry Clark, the company's head of investor relations. Please continue.
Larry Clark
Thanks to Shamali and everyone who joined us today to discuss Hanmi's Q3 2022 results. Hanmi released its earnings report and additional quarterly slide presentation in conjunction with today's conference call in the afternoon.
Both documents are available in the IR section of hanmi.com. I'm here today with Bonnie Lee, President and CEO; Anthony Kim, bank manager; and Ron Santorosa, CFO. Bonnie will begin today's phone call with a review. Anthony will talk about the loan and deposit business, and Ron will talk in detail about our financial performance. Bonnie will provide closing remarks to answer your questions before the interview begins.
Before we begin, I want to remind you that today's comments contain forward-looking statements under federal securities laws. Forward-looking statements are based on current plans, expectations, events and trends in the financial industry that may affect the company's future performance and financial condition.
Our actual results may differ materially from those expressed in our forward-looking statements, which are subject to risks and uncertainties. A discussion of factors that could cause our actual results to differ materially from forward-looking statements can be found in our filings with the SEC, including our filings on Forms 10-K and 10-Q. We refer in particular to the discussion of certain risk factors affecting our business, which are included in our income statement, our investor presentation and our Form 10-K.
However, I would like to turn the call over to Bonnie Lee. Bonnie, please continue.
Bonita Lee
Thanks Larry Good morning everyone. Thank you for joining us today to discuss our 2022 quarter results. Once again, our team performed well in each of our strategic growth initiatives, leading us to another great quarter.
Focusing on the changing needs of our customers in our markets, we provide the right products and services to enhance the quality of our portfolio and resources. Our investment in our bank's talent continues to pay off as we deepen our relationships with banks and, most importantly, expand our relationships with new clients. I am very satisfied with the work of our team and the results achieved for our shareholders.
In the third quarter, net loan growth was strong at 2.6% quarter-on-quarter, reflecting strong production from Korea's corporate loan and equipment finance groups, along with lower fees and commissions. Additionally, net interest income increased 6.8% due to an increase in average loan balances and an 11 basis point increase in net interest income.
Net income for the quarter was $27.2 million, or $0.89 per diluted share, an increase of 8.5% over the quarter, and average return on equity was 1.52% versus the second quarter's average of 15 ,58 .
The high level of loans has consistently contributed to our earnings growth. You may recall that last quarter we shared the information that our line of credit was slightly lower than the highest it was in the first half of the year. We therefore expected lending to return to more historical levels in the second half of the year. What happened in the third quarter.
Debt production was $492 million, consistent with our historical level. I will dwell on a few essential points. Our residential mortgage lending business again achieved record production, accounting for 29% of total loan income for the quarter, exceeding our full-year growth target of 10-15%.
Loans from our Korea business were strong again this quarter, with net balances up 4% quarter-on-quarter and 31% year-on-year. In addition, our Korean corporate portfolio deposits have grown significantly. Continued success in this area validates the decision to turn this work into a company-wide initiative.
Our deep understanding of the structure of these American and Korean companies, combined with our extensive legal experience and quick turnaround, enables us to differentiate ourselves from our competitors and acquire new business.
Another notable result for the quarter was that more than 18% of new loans came from outside of California, with Texas seeing the largest growth of any region. This is proof of our continued success in attracting new customers in these growing markets with highly qualified banking staff.
Finally, the overall price of credit was attractive, with an average interest rate of 5.55%, and new credit increased by 120 basis points quarter-on-quarter. Our strong credit growth during the quarter was more than financed by increases in our deposits. Deposits rose 3.7% sequentially, and core deposit ratios contributed to the gains.
While we saw good new production and demand deposits, some existing customers converted their DDAs to interest deposits, and we responded to depositor appetite by running some CD promotions during the quarter, which impacted our pool of accumulated deposits . Anthony will provide more details in his comments. We are proud of the strong deposit franchise we have built over four decades, focusing on finding new customers and expanding existing relationships.
As a result, non-interest bearing deposits remained high and accounted for 45% of all deposits. Importantly, our overall asset quality performance remains excellent. Third quarter results reflect our continued focus on high quality loans, disciplined underwriting and sound credit management practices.
These methods reflect a rigorous approach based on years of experience and management over various business cycles, including stress testing, sensitivity analysis and financial projections. As economic indicators continue to point to a potential downturn, we have taken additional steps to ensure we are prepared by communicating more closely with our customers.
For example, we have enhanced covenant monitoring and corporate due diligence requirements for our S&I loans to ensure we identify risks early on. In addition, we have modified our annual CRE review process to include an analysis of the risks of borrowers refinancing at significantly higher rates.
This helps us to be proactive with potential NPLs when we need to implement early proactive strategies. Finally, we increased our monitoring of trading conditions in our geographic core markets and submarkets, while placing certain restrictions on lending outside the bank's core trading area. We believe that these strategic actions, along with those already taken, will help mitigate the downside risk in the event of a recession.
In this regard, I will call our Chief Banking Officer, Anthony Kim, to discuss our loan and deposit collection in the third quarter in more detail.
Antonio Kim
Thanks Bonnie I'll start with some additional information on our loan production, where Q3 volumes were $492 million, in line with our historical average. Our home mortgages reached another record high of $140 million in the third quarter, even as mortgage rates rose.
Our focus on the non-QM market explains these results. Our gross lenders remain active in the market. In addition, a significant part of our production was directed to the purchase of housing, and not to refinancing.
Buying margins were high in the third quarter as many homebuyers tried to close loans and freeze rates. However, we expect mortgage lending to decline in the fourth quarter as higher interest rates impact the purchase and refinance markets.
Our commercial real estate loan production was $133 million in the quarter and was 27% of total production compared to 42% in the second quarter. It was originally a combination of housing, industrial sites and warehouses, hotels and shops. Compared to the second quarter, the decrease in production is due to higher interest rates.
The rise in interest rates has led to a slowdown in commercial real estate transactions, both in the buying market and in the refinancing market. C&I funding during the quarter was $88 million, with our $145 million in commitments matching the second quarter. Total commitments for commercial facilities increased to $976 million at the end of the third quarter, up $74 million or 8.2% quarter-over-quarter and 43% quarter-over-quarter.
However, the debt of these lines decreased by 6.9% quarter-on-quarter, resulting in a utilization rate of 40% in the third quarter compared to a utilization rate of 47% in the second quarter. This was due to some increases in the trade finance balance, as well as the expected repayment of a large loan.
Equipment financing production was strong again in the third quarter at $86 million, but slightly below the peak seen in the second quarter. SBA 7(a) revenue was $45 million in the third quarter, a trend that continues to be in line with our expectations. The investment in the bank's staff in recent quarters has enabled us to continue to enter this key market.
For our Korean business initiative, we had another strong quarter with $71 million in new client acquisitions, of which $48 million was funded during the quarter. About 60% of the funds were in C&I and the remaining 40% in CRE loans. Our Korean corporate portfolio grew 31% year-over-year, well above the pace we expected from this new initiative. At the end of the quarter, the balance of these loans was 772 million dollars, which is 13% of the total loan portfolio.
The average rate for all new loans in the third quarter was 5.55%, 120 basis points higher than in the second quarter. Sales for the quarter were $140 million compared to $230 million in the second quarter. The average loan repayment rate excluding PPP loans was 5.26%, an increase of 83 basis points compared to repayments in the second quarter.
This is the first quarter in the past six quarters that new loan yields have exceeded loan repayment offerings, excluding PPP, which should impact our average loan yields going forward. Therefore, our efforts to further diversify our loan portfolio across sectors, regions and loan types have paid off and this strategy strengthens our business, which is expected to lead to tremendous growth and profitability.
Now let's go to the deposits. Deposits rose $222 million [ph], or 3.7%, to $6.2 billion, while loan growth held steady in the quarter. We continue to successfully accept deposits, particularly from new and existing corporate customers in Korea, with such deposit balances growing by $129 million in the third quarter, including an addition of $74 million to DDA.
This growth, as well as the growth of other new existing relationships, was masked by some customers moving their funds into interest-bearing deposits. At the end of the third quarter, interest-free DDA accounted for almost 45% of our total deposits, which we believe is a testament to the high quality of our customer service and experience in the local market.
Our term deposit portfolio increased by $277 million in the third quarter as we saw some deposits move into this category and renewed interest in term deposits due to the recent increase in the overall level of interest rates. We were able to increase these deposits by attracting new and existing bank customers.
I will now turn the floor over to Ron Santarosa, our Chief Financial Officer, for more details on our third quarter results.
Ramal Santorosa
Thanks Antonio Interest margin, which increased by 7% sequentially, and our net interest margin, which increased by 11 basis points, we start. Net interest income for the quarter was $63 million, an increase of $4 million quarter-over-quarter, as continued increases in general interest rates led to higher yields on our loans and securities and an increase in our average interest rates. -portable assets, thanks to the consistent growth of loans. production increased by 2.7%, or US$181 million, due to our strong credit profile.
Our net interest margin was 3.66% in the third quarter, up 11 basis points from the prior quarter. We saw our loan yield increase by 36 basis points, leading to a 28 basis point increase in our net interest margin, and a 47 basis point increase in the rate paid on our interest bearing deposits, which slowed net margin growth by 23 basis points . points , and we gained 6 basis points with higher returns on equity and cash, offset by higher interest rates on loans and debt.
We're stopping here to check out our beta. As you might expect, the beta in a given quarter can vary significantly depending on the size of the change in the federal funds rate during that period, as well as market conditions. In the third quarter, the federal funds rate increased by 150 basis points. In this way, the beta of interested parties' assets in the third quarter was 23%, and the beta of interested parties' deposits was 31%. And our net interest margin beta was 7%.
We also saw a positive difference in our net interest margin in the third quarter between the increase in loan income and the higher interest rate on deposits, which decreased by 5 basis points.
So we see a steady rise in the margin rate and we know we are not yet at the final Fed funds rate and there is ongoing debate as to when and what that will be. For this reason, we remain cautious with the quarterly net interest margin, given the uncertainty of interest rates in the economy.
However, we are very pleased with the performance of our interest margin and interest margin at this stage of the rate hike cycle, supported in particular by high levels of non-interest bearing demand deposits and moderate credit growth.
We still expect profit before tax and reserves, which increased by 5% in the third quarter, to remain stable over the next few quarters. Moving to non-interest income, which was US$8.9 million in the third quarter, compared to US$9.3 million in the prior quarter, primarily due to a decrease in our increase in SBA sales with 500,000 US dollars.
SBA 7(a) loans sold in the third quarter rose slightly to $43.7 million, and commercial premiums for the quarter fell 16% to 6.67% as expected. We also saw a reduction in fees of approximately 300,000 dollars compared to other quarters.
Что распечать долатков, третрим кварталы розли on 1.8мильёна долав compared to the other quarters, причим образования глазурачим. Expenses on wages and payments to employees increased by 600,000 US dollars, mainly reflecting a decrease in expenses in future periods due to a decrease in credit production.
Advertising and promotional expenses increased by 500,000 dollars due to the increase in marketing activity, which highlights the desire for new business, as well as the return of a greater number of meetings and events abroad, which to some extent correspond to what we during the pandemic.
- There are more than 600,000 dollars for several months on the installment. Выдатки в третрим квартале выдправлеют negative reserves for credit losses in the amount of 400,000 dollars and positive off-balance sheet reserves in the amount of 1 million dollars.
Резервер на кредытный страти склав 71.6 мл. Compared to other quarters, our specific allowances increased by 200,000 dollars, while the allowance for quantitative and qualitative considerations decreased by 1.7 million dollars.
Due to the flood, we posted another year of plowed quarters with clean residential homes of $27.1 million or $0.89 per diluted share, profitability on our assets at an average of 1.52% and a profit of 5.5% of the average. capital. Кампания и банк первоклассных коефефиты минимальный каефициенты намативного капитал, и наша работы на компания капиталиных капиталиных капиталиных астывых область 8.4% lower than in the previous quarter.
This decrease was primarily due to the unrealized strata after taxes paid on our portfolio of securities and which led to a rapid increase in interest rates during the quarter. Nevertheless, the material balance cost of the inventory decreased by only 1.6% compared to other quarters, as our high profits helped to compensate for these rules regarding the amount of cash paper available for sale.
With this I return to Boni.
Banita Li
Thanks, Ron. У вечертой чверць мы ўвашли з асцярожным аптимизмам. The focus of our team on our strategic initiatives to diversify our business, together with our constant investments in talents and technologies that contribute to our credit portfolio, based on the macro economy.
Our cell phone balances are healthy Выключенная продукционная компьютер компании частьагнули both for the quarter and for the year at the current rate, putting us on track for another year of good financial results in 2022. At the end of the month of the year we also see then out to celebrate the 40th anniversary of Hanmi Bank in the snow. It has been 4 decades since we have been trusted partners of completeness for our generation
Today, better than ever, we can satisfy the new needs of our customers. Мы с неярпеннем вечем магимаци и их и дней продуктивельный диспиплинаваним ростом и програницацов.
On this, we will open the call to your questions. Please keep the line open for questions.
Question and answer session
Operator
[Operation Instructions] This is available for Piper Sandler. Please continue with your question.
Matthew Clark
Прирывитанне, good day. Maybe, first, for Ron, just for interest deposits. Can you tell us what the spot rate was at the end of September, percentage or total?
Ramallah Santa Rosa
Of course If you can do that, you can pay for 112 bills. Але, as I already mentioned in the last quarter, Мецью, the last increase in the rate took place at the stations. Таким чанам, я дасягаю пику ў октруту. This is a count of 45 months and a number of months of 7 years.
Matthew Clark
Dobra А prosta - прабачце, prosta гуляю с бешенством. І какие ваш участические наконт - ци як вы елмадюеце бета-версию сейчас депазиту за вут цикл на данно частом, кали выкази гумышу, что мы програме 475 [ph] цеходы ФРС?
Ramallah Santa Rosa
yes Такім чайнам, мы пая пайте такой роду неравнамернай резултавнасть ў прибытковасьцю астевый принышей пронышей, и состам пратных дейставы в обычный прекрасных 3-мелушний периоды. Такім наход, мы - покай мы не стаем ад того, шо може быть у новый ставцы, я все яще бачу, шо яна може заменери змяншацца, кали мы як бы кончим год, можно, у предми квартал. Але я - с дыференциялам все в 5 базисных точках, как я виже в трецим квартал, я проста неданктедег
Matthew Clark
Dobra А потом праходзьм да выдаткав, 33 - speed of running in place 3. I assume that you think about this indicator in the fourth quarter, and then about the growth of expenses in the whole next year, taking into account inflationary pressure and slower growth ?
Ramallah Santa Rosa
Такім чанам, с пнукту в въртага квартах, я б простагнуя тижа ж заўваги тия в привидих квартах, мы будуму проваяц гульный фляциение стуршки в разжение категориах. The state dates back to 2023, we really haven't collected all our thoughts yet, so, bezówna, there will be inflation ideas, there will be initiatives, there will be economic ideas. Right now I'm not quite sure how to balance it.
Matthew Clark
Dobra І апошняе для меня, только на преспектыву SBA. Больше ставки, of course, запавливають this activity. What do you think about production and premium?
Banita Li
yes I think that we save 50 to 55 million dollars. I think that we will follow these recommendations from the point of view of production. And from the point of view of the premium, the premium decreased by about 6.6%. І тады я думаю, что йон будет вагацца окон той вобластци обо, можно, бизнес меня.
Matthew Clark
Ideal Thank you
Operator
Our next question comes from Kelly Mota of KBW. Please continue with your question.
Kelly Mota
Good day Thank you for asking. Maybe we start with loans. Гата другие захавала - яно было велми выбый друга года, приключающий инывыбытытыты.
Just curious, can you give a little bit of an update on whether there's been any big payouts or using trends and anything like that that can help us understand and kind of help us look forward? Thank you
Banita Li
Of course, Kelly. From the perspective of C&I, especially in the linear sector, we increased our liabilities compared to the second quarter. Our liability amounted to 902 million dollars. In the third quarter, we increased it by approximately 977 million dollars. From the point of view of fluctuations of actual balances, the utilization of the line last quarter was about 46%.
It is almost 40% in this quarter. If we look at everything for a few quarters, it ranges from 40% to 45%, 46%. So that's the effect you see, it changes C&I.
Kelly Mota
I understood It is useful. І, looking at the profitability, it seems that the profitability of loans increased very well, increased by 36 basis points compared to quarters. Can you tell us something - like the percentage of the book that is floating, and also about what we need to think about - we talked a lot about the beta version of deposits, but how we need to think about the review of loans in the future in this environment. bols high stavkay?
Ramallah Santa Rosa
Of course Каля 25% крейтиннай кветиски пераглядяйный вт 3-месячная интервалу, квартальнага интервалу. І что падлягають патенцийнаму абнауленную, кали жизнь, кшталту гиперакций, кая скарачаяться, обо пагашеня кредитав, кая сакарачаяться. So, you can see anywhere from 25% to 30% of the book, which can be repriced in any quarter period.
Kelly Mota
Зразумела This is useful. Perhaps, the last question for me, and then I will step back, - this is a simple review of financing and how you will finance it in the future. It is obvious that you have made some special offers for deposits, which are related to loans and deposits. кампакт-дыск у времять з можность пашыренне з земежим тримновым финсанционнем там. І кали это ўличваться, ци вы збирауться провечение финансаванне з выполните компакт-дыскаў, а не значения провейся деписты?
Banita Li
Такім номе, можность, я пачну з объявление ў плане провечанная кампакт-дыска. Фактычна еца кампакт-дыски — еца больш компания, коже мы праводзіли. We are trying to get back our former clients with whom we have current relationships. Такім, эта была селая провечання, не область забавляючи болш гышего ставки. Астатняе финанцаванне я пракю Сантароза.
Ramala Santaroza
Of course Як вы адзначили, Кели, у нас суадносины пазыки и деписту каля 95%, и мы уметем себа собачанна на цем леви. І мы велекеем, што можение рост пазики, якы мы, проблемый будум совежация и ў делемшим, продажаючи езыцик цикл прохоживания ставак, делави сутыкнуться з тым, што я буду пакерызываци программы допистам у назыве франшызе. У нас из месяцей наминальные сумы аптовага финансаванная, вы печать 100 милионные долларные цеходы FHLB. Яны былы забяспечаны назад у программых ставых ставка. Такім, яны скалајуть 87 базавых принтивных, и яны букую программы да форума 2025 года.
У нас јесть месяция при пасредництве, бизло менш за 100 милионные доллар. This is approximately 43 basic points, again, saved during the zero rate period, which ends in 2024. А недвижимость у мене јесть язык разпись для некаторага часу ў Калифорниі на концерим канце для 90 днями и 180 днями.
Таму нас задавланьяе тое, што јесть. Я па-аду что будумы аптовыя фонди маргинальным для тый падаткав, але мы будумся расци и, я думаю, будумся будумый даходы да выпады падаткав - резывалы да выпады падаткав.
Kelly Mota
Я цаню вел колер, я адступлю. Great quarter. Thank you
Operator
Our next question is from Jones Trading. Кали ласка, пратичный сава запакция.
Привитанне, Джейсан, ты одключаны? І it seems, that ў нас узникли техническая проблемы з Джейсанам, на жал. Our next question comes from the line of Gary Tenera from DA Davidson. Кали ласка, пратичный сава запакция.
Gary Tanner
thank you Добрый день Бони, мне часть, я чула, як вы каментавали рост абавязацельстваў у квартале. Can you give us an idea of what is happening at the end of the quarter compared to June 30? Я не думаю что я пачуў еца другай программываний заўваг.
Banita Li
Can you repeat the question again? Геры, ты питаеш.
Gary Tanner
so. вы дали нам информация аб росце абавязацельстваў з квартала да квартала, але мне было цена, ци не магли б вы паведамиць нам аб тым, кумительный кредитны канвеер новияся ў чанце квартала ў время з 30 жуна.
Banita Li
Of course так, уступаючы ў 4 квартал, наш крэдытны канвеер насамрэч даволі моцны. Я б сказаў, што гэта ў значнай ступені люстэрка пачатку трэцяга квартала.
Гэры Тэнэр
Добра. Дзякуй. А па-другое, калі вы казалі пра ўзмацненне нагляду і абмежаванне некаторага росту за межамі вашай асноўнай сферы гандлю, ці не маглі б вы проста даць нам зразумець, які сегмент аказвае найбольшы ўплыў? І ў якой ступені вы лічыце, што гэта стрымлівае рост?
Баніта Лі
так. Я маю на ўвазе, што мы стараемся заставацца засяроджанымі ў межах нашай дзелавой сеткі. А таксама ў залежнасці ад пэўных рынкаў, пэўных галін, на якія мы арыентаваліся. Такім чынам, гэта адрозніваецца ад рэгіёна да рэгіёна.
Аператар
Наша наступнае пытанне зыходзіць ад Цімаці Кофі з Джэні. Калі ласка, працягнуць сваё пытанне.
Цімаці Кофі
дзякуй Усім добры дзень. так. Відавочна, што выплаты значна знізіліся ў гэтым квартале, квартал за кварталам, год за годам, сапраўды добры спосаб. У якіх катэгорыях прадуктаў вы бачыце запаволенне - выплаты запавольваюцца найбольш?
Энтані Кім
Відавочна, што з ростам працэнтных ставак мы бачым істотнае зніжэнне выплат па іпатэчных крэдытах. Мы звычайна - так, у сярэднім каля 25 мільёнаў долараў, 30 мільёнаў долараў у квартал. У гэтым квартале мы толькі што сказалі пра мінімальную суму ў 3 мільёны долараў.
Цімаці Кофі
Добра. Добра. І -- так. Прабач, Боні.
Баніта Лі
так. Такім чынам, у дадатак да іпатэкі, відавочна, у катэгорыі CRE, выплаты значна скараціліся з другога квартала.
Цімаці Кофі
Добра. І канкрэтна CRE, вы лічыце, што гэта пачатак трэнду?
Баніта Лі
Я б сказаў, што ў пэўнай ступені так, таму што я думаю, што і тое, і іншае, а потым выплаты і новае пакаленне, гэта [тэхнічная цяжкасць]. Так што мы паглядзім, але я думаю, што гэта можа быць.
Цімаці Кофі
Добра. Гэта было б пазітыўна. І тады, ці можаце вы даць некаторыя колеры на адносіны ў якасці асаблівай згадкі ў гэтым квартале?
Баніта Лі
Вядома. Так, гэта - кліент з'яўляецца вытворцам аўтазапчастак, і ў асноўным фундаментальная праца з'яўляецца надзейнай. Але, як мы адзначалі ў паведамленні аб прыбытках, адбыліся змены ў выканаўчым кіраўніцтве. Так атрымалася, што ў іх новае кіраўніцтва. І тады мы падумалі, што было б разумна адмыслова згадаць, а потым - і назіраць за адносінамі.
Цімаці Кофі
Добра. А што тычыцца вашага крэдытавання на аснове актываў, ці ёсць у вас адносіны, якія перавышаюць гэтыя 18 мільёнаў долараў, якія выплачваюцца праз гэтыя адносіны?
Баніта Лі
Мы можам мець. У мяне такой інфармацыі няма. Я магу вярнуцца.
Цімаці Кофі
Добра. так. Мне проста цікава, ці з'яўляецца гэта адным з самых буйных адносін у гэтым партфелі. І я мяркую, што маё апошняе пытанне да Рона. Калі я правільна памятаю, для вашых тэрміновых дэпазітаў існуе рэгулярны графік пагашэння, дзе прыкладна 1/4 з іх пераацэньваецца або падвяргаецца пагашэнню і пераацэньваецца кожны квартал.
Ці думалі вы - ці ёсць - ці думалі вы аб змене гэтага графіка пагашэння, улічваючы рэзкі рост ставак, які мы назіралі і чакаем у гэтым квартале?
Рамала Сантароза
Такім чынам, так званы графік пагашэння з'яўляецца функцыяй дэпазіту або апетыту для 12-месячных кампакт-дыскаў. І здараецца, што яны прыходзяць прыкладна кожны квартал. Так што суадносіны ў 25% сталі крыху скажонымі, калі мы перажылі тую нізкую кропку мінулага года, калі вы бачылі, што ўся кніга кампакт-дыскаў упала прыкладна да 16% ад агульных дэпазітаў.
Такім чынам, я думаю, што ў трэцім квартале наступнага года адбудзецца некаторая няроўнасць толькі таму, што ў 2021, 2022 гадах, як я ўжо сказаў, вялікая колькасць людзей жадала кампакт-дыскаў.
Зараз гэта павялічваецца, таму што тарыфы на кампакт-дыскі прывабныя. Але ў мяне ёсць адчуванне, што мы, верагодна, будзем працягваць бачыць гэтую ідэю, калі мы накшталт уладкуемся ў гэтым новым стаўкавым асяроддзі.
Цімаці Кофі
Добра, выдатна. Усё гэта маё пытанне. Вялікі дзякуй за ваш час.
Аператар
[Інструкцыі аператара] Наша наступнае пытанне зыходзіць ад Кэлі Мота з KBW. Калі ласка, працягнуць сваё пытанне.
Кэлі Мота
Вялікі дзякуй за наступныя дзеянні. Я проста праглядаю каментар з апошняга званка. І я адчуваю, што ваш каментарый наконт маржы тады быў больш асцярожным, і мы зноў атрымалі пашырэнне нават з бэта-версіямі дэпазітаў, якія вы бачылі. Я ведаю, што вы давалі розныя часткі NIM, але, улічваючы чаканні, магчыма, яшчэ 75 базісных пунктаў зноў і далейшае павышэнне ставак. Як вы думаеце, мы дасягнулі піка NIM тут у 3 квартале 2022 года? Ці вы лічыце, што мы можам атрымаць яшчэ чвэрць-дзве пашырэння з улікам таго, як пазыкі пераглядаюцца ў параўнанні з бэта-версіямі дэпазітаў?
Рамала Сантароза
Ну, гэта, вядома, магчыма, але я проста - я б не сказаў - я проста не лічу гэта вельмі верагодным. And the only reason for that is I'm trying to mention in any particular quarter, there is a strong push/pull between what's occurring in the loan book and what's happening on the funding book.
And as I mentioned, this quarter, we only ended up with a 5 basis point differential. That's a very narrow differential, which can easily shift in any one quarter. So we'll see what happens next week with what the Fed does and whether we're at the peak with respect to what they believe the terminal rate should be.
And once I get into whatever that terminal rate is, and again, I still have to mind that people are still debating with that rate is, should be, will be. It's very difficult for me to tell you when we're going to get to the peak and when we're going to get into that different rate environment.
Kelly Motta
Got it. Thank you so much for entertaining the question, Ron, I really appreciate.
Romolo Santarosa
Sure. Not a problem.
Operator
We have no further questions in the queue at this time. I will now turn the call back to Ms. Bonnie Lee for concluding remarks.
Bonita Lee
Thank you for participating in our call today. We appreciate your interest in Hanmi, and look forward to sharing our continued progress with you throughout the remainder of the year.
Operator
And the conference has now concluded. Thank you for attending today's presentation. You may now disconnect.
