Hanmi Financial Corp. reported a fourth quarter loss due to a decline in its stock price and increased provision for loan losses.

Hanmi late Tuesday reported a loss of $100 million (-$2.15 per share) for the quarter, compared to a profit of $17.3 million for the same time a year earlier.

For the year, the Los Angeles-based parent of Hanmi Bank lost $60.5 million (-$1.27), compared to a profit of $65.6 million ($1.33) for 2006.

The bank company said that the largest charge to earnings was $103 million, which reflected shares in the company sliding from the $20 range to below $10. Hanmi said the stock price has fallen below stockholders’ equity, requiring a write-down to bring the two amounts equal.

The bank’s profit was also pulled down by $1.7 million in severance payments to former Chief Executive Sung Won Sohn on Dec. 31.

Credit losses for the bank were $20.7 million during the quarter, up from $1.6 million in the final quarter of 2006, due to the slowing economy.

Shares in Hanmi were down 3.5 percent to $8.49 in early trading Wednesday on the Nasdaq.