Exhibit 99.1

Center Financial Reports 2011 Second Quarter Financial Results

LOS ANGELES--(BUSINESS WIRE)--July 27, 2011--Center Financial Corporation (NASDAQ: CLFC) today reported net income of $4.9 million, or $0.10 per diluted common share, for its 2011 second quarter. This compares with prior-year second quarter net income of $7.5 million, or $0.17 per diluted common share, which included a $5.9 million bargain purchase gain related to an FDIC-assisted acquisition.

“Center Financial’s results for the three months ended June 30, 2011 reflect another solid quarter marked by steady, consistent and sustainable improvements in the overall condition of the bank,” said Richard S. Cupp, president and chief executive officer. “Our sixth consecutive quarter of profitability continues to illustrate Center’s successful rebound from the financial crisis and puts us another step closer to a successful merger with Nara Bancorp later in the year. Improving deposit mix and costs, moderating loan loss provision and credit expenses, and loan and deposit growth were all positive factors contributing to the second quarter performance. Accordingly, our capital position further strengthened and far exceeds minimum regulatory levels, as well as our peer averages. We remain prudent in identifying and managing the risks associated with the loan portfolio, giving us confidence in our ability to deliver ongoing improvements in our overall asset quality, notwithstanding the uncertain economic environment.”

2011 SECOND QUARTER FINANCIAL HIGHLIGHTS

	At or for the Three Months Ended
	6/30/2011			3/31/2011			6/30/2010
Net income	$	4,895		$	4,885		$	7,502
Net income available to common shareholders	$	4,141		$	4,135		$	6,756
Net income per diluted common share	$	0.10		$	0.10		$	0.17
Gain on sale of loans	$	1,800		$	3,752		$	1,203
Gain on business acquisition	$	─		$	─		$	5,900
Income before income tax provision	$	5,180		$	5,390		$	11,260
Income tax provision	$	285		$	505		$	3,758
Net interest margin		3.21	%		3.17	%		3.45	%
Total risk-based capital ratio		20.67	%		20.42	%		18.47	%
Tier 1 leverage ratio		13.20	%		12.85	%		12.38	%
Tangible common equity per common share	$	5.76		$	5.61		$	5.27
Tangible common equity to tangible assets		10.14	%		9.91	%		9.25	%
Non-covered nonperforming loans, net of SBA guarantee	$	36,044		$	34,142		$	64,241
Delinquent non-covered loans 30 to 89 days past due, net of SBA guarantee	$	6,138		$	10,352		$	10,666
Non-covered net loan charge-offs	$	6,420		$	7,037		$	7,576
Provision for loan losses	$	5,000		$	6,000		$	5,000
Allowance for non-covered loan losses to total non-covered loans		3.41	%		3.53	%		3.97	%
Total non-covered loans	$	1,455,423		$	1,447,777		$	1,474,831
Total deposits	$	1,791,981		$	1,779,606		$	1,799,995
Noninterest-bearing deposits as a % of total deposits		25.5	%		23.0	%		22.1	%
Annualized average cost of deposits		0.96	%		1.05	%		1.19	%

The company’s 2010 second quarter financial results benefited from a $5.9 million bargain purchase gain related to its April 16, 2010 FDIC-assisted acquisition of former Innovative Bank. Loans acquired in the transaction are subject to a loss-sharing agreement with the FDIC and reported separately in the consolidated statements of financial condition as “covered loans.” Center’s legacy portfolio is referred to as “non-covered.”

2011 SECOND QUARTER OPERATIONAL HIGHLIGHTS

Net interest income before provision for loan losses totaled $17.0 million for the 2011 second quarter. This is up 1.4% sequentially from $16.8 million in the 2011 first quarter, but down 2.8% when compared with $17.5 million in the prior-year second quarter.

The average yield on loans for the 2011 second quarter improved three basis points to 5.54% from 5.51% in the preceding first quarter, but is down 18 basis points when compared with 5.72% in the 2010 second quarter. The average cost of interest-bearing deposits continued to improve, decreasing to 1.27% for the 2011 second quarter from 1.34% for the 2011 first quarter and from 1.52% for the 2010 second quarter. Total cost of deposits improved to 0.96% for the 2011 second quarter, compared with 1.05% for the 2011 first quarter and 1.19% for the prior-year second quarter.

The company’s net interest margin (NIM) for the 2011 second quarter increased four basis points to 3.21% from 3.17% in the preceding first quarter, primarily reflecting the nine basis point reduction in the cost of deposits. The company’s NIM for the prior-year second quarter was 3.45%. The company commented that management historically evaluated and reported NIM excluding the cash balances of Federal Reserve deposits as they believed it to be a more meaningful measurement of trends in the loan and investment yields in relation to costs of deposits and borrowings. The reported NIM, which now includes the impact of these deposit balances and related income, is heavily affected this year by the higher balances of Federal Reserve deposits, which earn a nominal interest rate. Excluding the impact of Federal Reserve deposits from the calculation, NIM was 3.69%, 3.49% and 3.53%, respectively for the 2011 second quarter, 2011 first quarter and 2010 second quarter.

Noninterest income totaled $6.0 million for the 2011 second quarter, compared with $7.6 million for the preceding first quarter and $11.1 million for the prior-year second quarter. In the first quarter, reflecting an SBA rule change that became effective in the 2011 first quarter, the company recorded a net $3.8 million gain on sale of loans in the preceding first quarter, which included the recognition of deferred gains of $1.8 million on the SBA loan transfer in the 2010 fourth quarter, as well as a gain of $2.0 million on the 2011 first quarter SBA loan sales. In the year-ago second quarter, noninterest income included a $5.9 million bargain purchase gain related to the FDIC-assisted acquisition of former Innovative Bank. Excluding the net impact of the SBA rule change and the bargain purchase gain in the prior comparable periods, total noninterest income for the 2011 second quarter improved from the prior periods.

Total noninterest expense for the 2011 second quarter equaled $12.8 million. This compares with $13.0 million for the 2011 first quarter and $12.3 million for the second quarter a year ago. The company’s efficiency ratio for the 2011 second quarter rose to 55.66% from 53.26% in the preceding first quarter. In the 2010 second quarter, the company’s considerably lower efficiency ratio of 43.01% largely reflected the benefit from the $5.9 bargain purchase gain.

For the 2011 second quarter, Center Financial posted net income of $4.9 million and net income available to common shareholders of $4.1 million, equal to $0.10 per diluted common share. This includes a $1.8 million gain on sale of loans and an income tax provision of $285,000, which reflects a reduction in the deferred tax asset valuation allowance by approximately $1.7 million from the March 31, 2011 balance. For the preceding 2011 first quarter, net income amounted to $4.9 million and net income available to common shareholders totaled $4.1 million, equal to $0.10 per diluted common share. This included a $3.8 million gain on sale of loans and an income tax provision of $505,000. For the 2010 second quarter, net income amounted to $7.5 million and net income available to common shareholders was $6.8 million, equal to $0.17 per diluted common share. The 2010 second quarter net income included a $1.2 million gain on sale of securities, a $5.9 million bargain purchase gain and an income tax provision of $3.8 million.

For the 2011 second quarter, Center Financial’s return on average assets (ROAA) and return on average equity (ROAE) were relatively steady at 0.86% and 6.97%, respectively, when compared with an ROAA of 0.86% and an ROAE of 7.17% for the preceding first quarter. The company’s reported ROAA of 1.38% and ROAE of 11.52% in the 2010 second quarter was largely affected by the $5.9 million bargain purchase gain.

ASSET QUALITY

At June 30, 2011, total non-covered nonperforming assets net of SBA guarantees amounted to $36.2 million. This is up modestly from $34.3 million at March 31, 2011, but down significantly when compared with $67.0 million a year ago at June 30, 2010. As a percentage of gross non-covered loans and other real estate owned (OREO), total non-covered nonperforming assets net of SBA guarantees equaled 2.49% at June 30, 2011, compared with 2.37% at March 31, 2011 and 4.54% at June 30, 2010. As of June 30, 2011, the company’s non-covered OREO portfolio had a carrying value of $133,000, compared with carrying values of $144,000 at March 31, 2011 and $2.8 million at June 30, 2010.

Non-covered nonperforming loans net of SBA guarantees rose modestly to $36.0 million at June 30, 2011 from $34.1 million at March 31, 2011, as new inflows of loans into nonperforming status ticked up from the preceding quarter to $10.5 million and exceeded outflows of $8.6 million. Of the new nonaccruals, commercial and industrial (C&I) loans represented 47%, commercial real estate (CRE) loans accounted for 46% and consumer loans equaled 7%. The company did not transfer any loans to loans held for sale during the quarter. At the close of the 2010 second quarter, non-covered nonperforming loans net of SBA guarantees totaled $64.2 million.

Delinquent non-covered loans 30 to 89 days past due net of SBA guarantees declined to $6.1 million at June 30, 2011 from $10.4 million at March 31, 2011, as inflows into non-covered past due status decreased significantly from the preceding quarter by more than half to $4.2 million. Non-covered loans past due 30 to 89 days at June 30, 2010 totaled $10.7 million.

Performing troubled debt restructurings (TDRs) that are not accounted for in non-covered nonaccrual or delinquent loans amounted to $19.1 million at June 30, 2011, $19.9 million at March 31, 2011 and $17.7 million at June 30, 2010.

Non-covered loan net charge-offs during the 2011 second quarter declined to $6.4 million from $7.0 million in the preceding 2011 first quarter and from $7.6 million in the year-ago second quarter. As a percentage of average non-covered loans on an annualized basis, non-covered loan net charge-offs equaled 1.85% for the 2011 second quarter, compared with 1.91% for the 2011 first quarter, and 1.61% for the 2010 second quarter.

Center Financial recorded a provision for loan losses of $5.0 million in the 2011 second quarter, compared with $6.0 million in the preceding first quarter and $5.0 million in the second quarter a year ago.

At June 30, 2011, the company’s allowance for loan losses for non-covered loans totaled $49.6 million, reflecting decreases from $51.0 million at March 31, 2011 and $58.4 million at June 30, 2010. As a percentage of gross non-covered loans, the allowance for loan losses equaled 3.41% at June 30, 2011, 3.53% at March 31, 2011 and 3.97% at June 30, 2010.

LOANS & DEPOSITS

Non-covered loans at June 30, 2011 totaled $1.46 billion, compared with $1.45 billion at March 31, 2011 and $1.53 billion at December 31, 2010. Covered loans at June 30, 2011 declined to $102.6 million from $111.8 million at March 31, 2011 and $117.3 million at December 31, 2010. Total loans at June 30, 2011 amounted to $1.56 billion.

Total deposits at June 30, 2011 rose to $1.79 billion from $1.78 billion at March 31, 2011 and from $1.77 billion at December 31, 2010. The increase in deposits is primarily attributable to a $48.3 million increase in noninterest-bearing demand deposits, offset by a $32.1 million reduction in jumbo certificates of deposit. As a percentage of total deposits, noninterest-bearing demand deposits rose to 25.5% at June 30, 2011 from 23.0% at March 31, 2011 and from 22.4% at year-end 2010. The company’s loan-to-deposit ratio equaled 84.1% at June 30, 2011, compared with 84.7% at March 31, 2011 and 89.9% at December 31, 2010.

BALANCE SHEET SUMMARY & CAPITAL

Total assets at June 30, 2011 amounted to $2.27 billion, compared with $2.26 billion March 31, 2011 and $2.27 billion at December 31, 2010. Average interest-earning assets equaled $2.13 billion for the 2011 second quarter, compared with $2.15 billion for the 2011 first quarter and $2.14 billion for the 2010 fourth quarter.

Total shareholders’ equity at June 30, 2011 rose to $285.0 million from $278.9 million at March 31, 2011 and from $274.0 million at December 31, 2010. Tangible common equity as a percentage of tangible assets, which is a non-GAAP financial measure, rose to 10.14% at June 30, 2011 from 9.91% at March 31, 2011 and from 9.65% at December 31, 2010.

With its sixth consecutive profitable quarter of operations, Center Financial’s capital position further strengthened and continued to be well in excess of both minimum guidelines for “well-capitalized” institutions and regulatory requirements. At June 30, 2011, Total Risk-Based capital ratio was 20.67%, Tier 1 Risk-Based capital ratio equaled 19.39% and Tier 1 Leverage ratio amounted to 13.20%, all reflecting increases from the levels at March 31, 2011 and December 31, 2010.

Use of Non-GAAP Financial Measures

This news release includes “non-GAAP financial measures” within the meaning of the Securities and Exchange Commission rules. Tangible common equity per common share and tangible common equity to tangible assets are non-GAAP financial measures. Tangible common equity was calculated as total shareholders’ equity less preferred stock and related dividend and accretion of preferred stock discount and net intangible assets. Tangible common equity to tangible assets represents tangible common equity divided by total assets less net intangible assets. The calculation of tangible common equity may differ among companies in light of diversity in presentation in the marketplace. Management believes that these measures are useful when comparing banks with preferred stock due to TARP funding to banks without preferred stock on their balance sheet and for evaluating a company’s capital levels. This information is being provided in response to market participant interest in these financial metrics. This information is not intended to be considered in isolation or as a substitute for the relevant measures calculated in accordance with U.S. GAAP. The reconciliations of these non-GAAP financial measures to GAAP financial measure included in this news release are attached herein.

Investor Conference Call

The company will host an investor conference call on Thursday, July 28, 2011 at 9 a.m. PDT (12 noon EDT) to review financial results for its 2011 second quarter. The institutional investment community is invited to participate in the call by dialing 866-356-4281 (domestic) or 617-597-5395 (international) and entering passcode 80839701. Other interested parties are invited to listen to the live call through a listen-only audio Web broadcast via the Internet in the Investor Relations section of www.centerbank.com. Listeners are encouraged to visit the Web site at least 15 minutes prior to the start of the scheduled presentation to register, download and install any necessary audio software. For those who are not available to listen to the live broadcast, the audio broadcast will be archived for one year. A telephonic replay of the call will be available through Thursday, August 4, 2011 by dialing 888-286-8010 (domestic) or 617-801-6888 (international) and entering replay passcode 74655358.

About Center Financial Corporation

Center Financial Corporation is the holding company of Center Bank, a community bank offering a full range of financial services for diverse ethnic and small business customers. Founded in 1986 and specializing in commercial and SBA loans and trade finance products, Center Bank has grown to be one of the nation’s leading financial institutions focusing on the Korean-American community, with total assets of $2.27 billion at June 30, 2011. Headquartered in Los Angeles, Center Bank operates a total of 22 full-service branches and two loan production offices. The company has 16 full-service branches located throughout Southern California and three branches in Northern California. Center Bank also operates two branches and one loan production office in the Seattle area, one branch in Chicago and a loan production office in Denver. Center Bank is a California state-chartered institution and its deposits are insured by the FDIC to the extent provided by law. For additional information on Center Bank, visit the company’s Web site at www.centerbank.com.

Additional Information and Where to Find It

In connection with the proposed merger of Center Financial Corporation and Nara Bancorp, Inc., Nara has filed a Registration Statement on Form S-4 (Registration No. 333-173511) with the Securities and Exchange Commission (SEC) that includes a Joint Proxy Statement/Prospectus of Center Financial Corporation and Nara Bancorp, as well as other relevant documents concerning the proposed merger. Shareholders are urged to read the Registration Statement and the Joint Proxy Statement/Prospectus regarding the merger and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they contain or will contain important information about the transaction. You may obtain a free copy of the Joint Proxy Statement/Prospectus, as well as other filings containing information about Nara Bancorp and Center Financial at the SEC’s Web site (www.sec.gov). You may also obtain these documents free of charge from Center at http://www.centerbank.com or from Nara at http://www.narabank.com under the tab “Investor Relations” and then under the heading “SEC Filings.”

Participants in Solicitation

Center Financial, Nara Bancorp and their respective directors, executive officers, management and employees may be deemed to be participants in the solicitation of proxies in respect of the merger. Information concerning Center Financial’s participants is set forth in its Form 10-K Annual Report filed with the SEC for the year ended December 31, 2010, as amended by its Form 10-K/A filed with the SEC on April 29, 2011. Information concerning Nara Bancorp’s participants is set forth in its Form 10-K Annual Report for the year ended December 31, 2010, as amended by its Form 10-K/A filed with the SEC on April 26, 2011. Additional information regarding the interests of participants of Center Financial and Nara Bancorp in the solicitation of proxies in respect of the merger is included in the Registration Statement and Joint Proxy Statement/Prospectus filed with the SEC.

This release contains forward-looking statements, which are included in accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our cautionary statements contained in Center Financial Corp.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as amended (See Business, and Management’s Discussion and Analysis), and other filings with the SEC are incorporated herein by reference. These factors include, but are not limited to: the health of the national and California economies; competition in the financial services market for both deposits and loans; the ability of Center Financial and its subsidiaries to increase its customer base; customers’ service expectations; changes in interest rates; loan portfolio performance; the company’s ability to sustain profitable operations; and the company’s ability to capitalize on strategic growth opportunities. Factors also include, but are not limited to: the successful completion of the proposed merger of equals between Center Financial Corporation and Nara Bancorp; difficulties and delays in integrating the two institutions and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; deposit attrition, operating costs, customer loss and business disruption following the merger, including difficulties in maintaining relationships with employees; the companies’ ability to receive required regulatory and shareholder approvals. Such forward-looking statements speak only as of the date of this release. Center Financial expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the company’s expectations of results or any change in events.


CENTER FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)
(Dollars in thousands)

	6/30/11			3/31/11			12/31/10
ASSETS
Cash and due from banks	$	33,738		$	33,056		$	28,181
Federal funds sold		650			150			136,180
Money market funds and interest-bearing deposits in other banks		298,040			284,609			94,559
Cash and cash equivalents		332,428			317,815			258,920

Securities available for sale, at fair value		305,058			312,336			289,551
Non-covered loans held for sale, at the lower of cost or fair value		58,776			65,677			60,234
Federal Home Loan Bank and FRB stock, at cost		13,810			14,426			15,019
Non-covered loans, net of allowance for loan losses of $49,590 and $52,047 as of June 30, 2011 and December 31, 2010, respectively		1,345,740			1,330,122			1,415,646
Covered loans, net of allowance for loan losses of $1,010 as of June 30, 2011 and December 31, 2010		101,597			110,753			116,283
Premises and equipment, net		12,659			13,160			13,532
Core deposit intangible, net		434			449			464
Customers' liability on acceptances		2,748			1,819			2,287
Non-covered other real estate owned		133			144			937
Covered other real estate owned		1,132			1,405			1,459
Accrued interest receivable		5,096			5,489			5,509
Deferred income taxes, net		13,898			14,556			14,383
Investments in affordable housing partnerships		10,110			10,469			10,824
Cash surrender value of life insurance		17,991			12,890			12,791
Income tax receivable		13,216			13,298			14,277
Prepaid assessment fees		5,949			6,902			7,864
FDIC loss share receivable		21,964			21,849			23,991
Other assets		5,588			6,559			6,308
Total	$	2,268,327		$	2,260,118		$	2,270,279

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits:
Noninterest-bearing	$	457,182		$	408,843		$	396,973
Interest-bearing		1,334,799			1,370,763			1,374,021
Total deposits		1,791,981			1,779,606			1,770,994

Acceptances outstanding		2,748			1,819			2,287
Accrued interest payable		4,660			4,771			5,113
Other borrowed funds		157,299			167,749			188,670
Long-term subordinated debentures		18,557			18,557			18,557
Accrued expenses and other liabilities		8,043			8,709			10,646
Total liabilities		1,983,288			1,981,211			1,996,267

Commitments and Contingencies

Shareholders' Equity
Preferred stock, Series A		53,538			53,472			53,409
Common stock		188,031			187,892			187,754
Retained earnings		40,277			36,135			32,000
Accumulated other comprehensive income, net of tax		3,193			1,408			849
Total shareholders' equity		285,039			278,907			274,012
Total	$	2,268,327		$	2,260,118		$	2,270,279


Tangible common equity per common share	$	5.76		$	5.61		$	5.49
Tangible common equity to tangible assets		10.14	%		9.91	%		9.65	%


CENTER FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)

	Three Months Ended									Six Months Ended
	6/30/11			3/31/11			6/30/10			6/30/11			6/30/10

Interest and Dividend Income:
Interest and fees on loans	$	20,755		$	21,161		$	21,359		$	41,916		$	41,957
Interest on federal funds sold		1			42			102			43			162
Interest on investment securities		2,109			1,782			2,855			3,891			5,792
Interest on money market funds and interest-earning deposits		211			94			33			305			70
Total interest and dividend income		23,076			23,079			24,349			46,155			47,981

Interest Expense:
Interest on deposits		4,294			4,634			5,060			8,928			10,521
Interest on borrowed funds		1,648			1,542			1,671			3,190			3,274
Interest expense on long-term subordinated debentures		142			142			143			284			283
Total interest expense		6,084			6,318			6,874			12,402			14,078

Net interest income before provision for loan losses		16,992			16,761			17,475			33,753			33,903
Provision for loan losses		5,000			6,000			5,000			11,000			12,000
Net interest income after provision for loan losses		11,992			10,761			12,475			22,753			21,903

Noninterest Income:
Customer service fees		1,782			1,800			2,086			3,582			4,117
Fee income from trade finance transactions		685			616			720			1,301			1,378
Wire transfer fees		344			313			331			657			612
Gain on business acquisition		-			-			5,900			-			5,900
Gain on sale of loans		1,800			3,752			1,203			5,552			1,203
Net gain on sale of securities available for sale		-			-			-			-			2,209
Loan service fees		708			662			427			1,370			587
Increase in FDIC loss share receivable		114			49			-			163			-
Other income		532			416			391			948			741
Total noninterest income		5,965			7,608			11,058			13,573			16,747

Noninterest Expense:
Salaries and employee benefits		5,327			5,113			4,647			10,440			8,987
Occupancy		1,389			1,345			1,437			2,734			2,632
Furniture, fixtures, and equipment		519			603			640			1,122			1,147
Data processing		654			669			654			1,323			1,118
Legal fees		305			397			279			702			585
Accounting and other professional service fees		340			572			546			912			861
Business promotion and advertising		382			354			415			736			672
Supplies and communication		337			348			396			685			660
Security service		309			293			285			602			520
Regulatory assessment		998			1,053			1,037			2,051			2,023
Merger related expenses		200			437			129			637			129
OREO related expenses		638			474			400			1,112			1,359
Other operating expenses		1,379			1,321			1,408			2,700			2,443
Total noninterest expense		12,777			12,979			12,273			25,756			23,136

Income before income tax provision		5,180			5,390			11,260			10,570			15,514
Income tax provision		285			505			3,758			790			5,245

Net income		4,895			4,885			7,502			9,780			10,269

Preferred stock dividends and accretion of preferred stock discount		(754	)		(750	)		(746	)		(1,504	)		(30,498	)
Net income (loss) available to common shareholders		4,141			4,135			6,756			8,276			(20,229	)

Other comprehensive income (loss)
- Unrealized gain (loss) on available-for-sale securities, net of income tax expense (benefit)		1,936			408			1,013			2,344			(235	)

Comprehensive income	$	6,831		$	5,293		$	8,515		$	12,124		$	10,034

Earnings (loss) per share:
Basic	$	0.10		$	0.10		$	0.17		$	0.21		$	(0.66	)
Diluted	$	0.10		$	0.10		$	0.17		$	0.21		$	0.66

Weighted average shares outstanding - basic		39,868,773			39,825,609			39,895,181			39,860,613			30,642,197
Weighted average shares outstanding - diluted		39,936,146			39,897,740			39,908,346			39,930,270			30,642,197


CENTER FINANCIAL CORPORATION
SELECTED FINANCIAL DATA (Unaudited)
(Dollars in thousands)
			Three Months Ended
			6/30/11						3/31/11						6/30/10
					Interest		Annualized				Interest		Annualized				Interest		Annualized
			Average		Income/		Rate/		Average		Income/		Rate/		Average		Income/		Rate/
			Balance		Expense		Yield		Balance		Expense		Yield		Balance		Expense		Yield
Assets:
Interest-earning assets:
	Loans		$	1,502,416	$	20,755	5.54	%	$	1,556,504	$	21,161	5.51	%	$	1,498,956	$	21,359	5.72	%
	Federal funds sold			1,377		1	0.29			72,653		42	0.23			185,860		102	0.22
	Investments			317,930		2,109	2.66			305,790		1,782	2.36			297,282		2,855	3.85
	Money market funds and interest-earning deposits			304,633		211	0.28			212,244		94	0.18			51,534		33	0.26
		Total interest-earning assets		2,126,356		23,076	4.35			2,147,191		23,079	4.36			2,033,632		24,349	4.80
Noninterest - earning assets:
	Cash and due from banks			35,636						36,484						39,325
	Bank premises and equipment, net			12,981						13,432						12,845
	Customers' acceptances outstanding			2,032						2,138						2,353
	Accrued interest receivables			4,734						4,945						6,165
	Other assets			89,766						92,925						84,064
		Total noninterest-earning assets		145,149						149,924						144,752

		Total assets	$	2,271,505					$	2,297,115					$	2,178,384

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
	Deposits:
		Money market and NOW accounts	$	540,246	$	1,419	1.05	%	$	525,538	$	1,425	1.10	%	$	475,608	$	1,361	1.15	%
		Savings		89,222		548	2.46			87,790		559	2.58			92,390		619	2.69
		Time certificates of deposit over $100,000		424,761		1,240	1.17			461,539		1,418	1.25			499,851		1,816	1.46
		Other time certificates of deposit		305,345		1,087	1.43			325,146		1,232	1.54			265,746		1,264	1.91
				1,359,574		4,294	1.27			1,400,013		4,634	1.34			1,333,595		5,060	1.52
	Other borrowed funds			160,201		1,648	4.13			184,910		1,542	3.38			167,541		1,671	4.00
	Long-term subordinated debentures			18,557		142	3.07			18,557		142	3.10			18,557		143	3.09
		Total interest-bearing liabilities		1,538,332		6,084	1.59			1,603,480		6,318	1.60			1,519,693		6,874	1.81
Noninterest-bearing liabilities:
	Demand deposits			434,702						396,251						379,059
		Total funding liabilities		1,973,034			1.24	%		1,999,731			1.28	%		1,898,752			1.45	%
	Other liabilities			16,792						21,171						18,488
		Total noninterest-bearing liabilities		451,494						417,422						397,547
	Shareholders' equity			281,679						276,213						261,144
		Total liabilities and shareholders' equity	$	2,271,505					$	2,297,115					$	2,178,384

Net interest income					$	16,992					$	16,761					$	17,475
		Cost of deposits					0.96	%					1.05	%					1.19	%
		Net interest spread					2.77	%					2.76	%					2.99	%
		Net interest margin					3.21	%					3.17	%					3.45	%


CENTER FINANCIAL CORPORATION
SELECTED FINANCIAL DATA (Unaudited)
(Dollars in thousands)

			Six Months Ended
			6/30/2011						6/30/2010
					Interest		Annualized				Interest		Annualized
			Average		Income/		Rate/		Average		Income/		Rate/
			Balance		Expense		Yield		Balance		Expense		Yield
Assets:
Interest-earning assets:
	Loans		$	1,529,311	$	41,916	5.53	%	$	1,508,357	$	41,957	5.61	%
	Federal funds sold			36,818		43	0.24			191,185		162	0.17
	Investments			311,893		3,891	2.52			337,245		5,792	3.46
	Money market funds and interest-earning deposits			258,694		305	0.24			52,178		70	0.27
		Total interest-earning assets		2,136,716		46,155	4.36			2,088,965		47,981	4.63
Noninterest - earning assets:
	Cash and due from banks			36,057						39,397
	Bank premises and equipment, net			13,206						13,066
	Customers' acceptances outstanding			2,085						2,423
	Accrued interest receivables			4,839						6,293
	Other assets			91,337						83,829
		Total noninterest-earning assets		147,524						145,008

		Total assets	$	2,284,240					$	2,233,973

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
	Deposits:
		Money market and NOW accounts	$	532,933	$	2,844	1.08	%	$	516,774	$	2,664	1.04	%
		Savings		88,510		1,107	2.52			90,527		1,230	2.74
		Time certificates of deposit over $100,000		443,049		2,658	1.21			511,735		4,173	1.64
		Other time certificates of deposit		315,191		2,319	1.48			279,801		2,454	1.77
				1,379,683		8,928	1.30			1,398,837		10,521	1.52
	Other borrowed funds			172,487		3,190	3.73			160,133		3,274	4.12
	Long-term subordinated debentures			18,557		284	3.09			18,557		283	3.08
		Total interest-bearing liabilities		1,570,727		12,402	1.59			1,577,527		14,078	1.80
Noninterest-bearing liabilities:
	Demand deposits			415,583						374,997
		Total funding liabilities		1,986,310			1.26	%		1,952,524			1.45	%
	Other liabilities			18,969						20,838
		Total noninterest-bearing liabilities		434,552						395,835
	Shareholders' equity			278,961						260,611
		Total liabilities and shareholders' equity		2,284,240					$	2,233,973

Net interest income					$	33,753					$	33,903
		Cost of deposits					1.00	%					1.20	%
		Net interest spread					2.76	%					2.83	%
		Net interest margin					3.19	%					3.27	%


CENTER FINANCIAL CORPORATION
SELECTED FINANCIAL DATA (Unaudited)
(Dollars in thousands)

Non-covered Loans			6/30/11				3/31/11				12/31/10				9/30/10			6/30/10
Real Estate:
	Construction		$	9,525			$	14,182			$	14,803			$	14,987		$	15,052
	Commercial			895,662				880,723				914,003				918,882			937,792
Commercial:
	Commercial			272,643				276,180				315,285				279,450			296,195
	Trade Finance			65,476				66,243				71,174				65,666			53,342
	SBA			104,272				100,712				101,683				69,029			60,531
Others:
	Consumer			67,813				69,699				71,279				68,968			71,895
	Other			40,032				40,038				40,039				50,219			40,024
	Non-covered Loans			1,455,423				1,447,777				1,528,266				1,467,201			1,474,831

Less:
	Allowance for Losses			49,590				51,010				52,047				54,460			58,435
	Deferred Loan Fee (Cost)			(629	)			(649	)			(523	)			31			188
	Discount on SBA Loans Retained			1,946				1,617				862				936			997
	Net Non-covered Loans		$	1,404,516			$	1,395,799			$	1,475,880			$	1,411,774		$	1,415,211


Covered Loans				6/30/11				3/31/11				12/31/10				9/30/10			6/30/10
Real Estate:
	Construction		$	-			$	-			$	-			$	-		$	-
	Commercial			63,332				61,599				63,500				73,043			76,280
Commercial
	Commercial			9,327				15,369				18,307				9,698			12,388
	Trade Finance			-				-				-				-			-
	SBA			29,456				34,102				35,000				29,022			32,438
Others:
	Consumer			-				-				-				-			-
	Other			492				693				486				911			1,256
	Covered Loans			102,607				111,763				117,293				112,674			122,362

Less:
	Allowance for Losses			1,010				1,010				1,010				-			-
	Net Covered Loans		$	101,597			$	110,753			$	116,283			$	112,674		$	122,362


Total Loans				6/30/11				3/31/11				12/31/10				9/30/10			6/30/10
Real Estate:
	Construction		$	9,525			$	14,182			$	14,803			$	14,987		$	15,052
	Commercial			958,994				942,322				977,503				991,925			1,014,072
Commercial:
	Commercial			281,970				291,549				333,592				289,148			308,583
	Trade Finance			65,476				66,243				71,174				65,666			53,342
	SBA			133,728				134,814				136,683				98,051			92,969
Others:
	Consumer			67,813				69,699				71,279				68,968			71,895
	Other			40,524				40,731				40,525				51,130			41,280
	Total Loans			1,558,030				1,559,540				1,645,559				1,579,875			1,597,193

Less:
	Allowance for Losses			50,600				52,020				53,057				54,460			58,435
	Deferred Loan Fees			(629	)			(649	)			(523	)			31			188
	Discount on SBA Loans Retained			1,946				1,617				862				936			997
	Net Loans		$	1,506,113			$	1,506,552			$	1,592,163			$	1,524,448		$	1,537,573


As a percentage of total loans:				6/30/11				3/31/11				12/31/10				9/30/10			6/30/10
Real Estate:
	Construction			0.6		%		0.9		%		0.9		%		0.9	%		0.9	%
	Commercial			61.6				60.4				59.4				62.8			63.5
Commercial:
	Commercial			18.1				18.7				20.3				18.3			19.3
	Trade Finance			4.2				4.2				4.3				4.2			3.3
	SBA			8.6				8.6				8.3				6.2			5.8
Others:
	Consumer			4.4				4.5				4.3				4.4			4.5
	Other			2.5				2.6				2.6				3.2			2.7
	Total Loans			100.0				100.0				100.0				100.0			100.0


				6/30/11				3/31/11				12/31/10				9/30/10			6/30/10
Deposits
Demand deposits (noninterest-bearing)			$	457,182			$	408,843			$	396,973			$	383,508		$	397,598
Money market accounts and NOW				530,615				531,580				471,132				497,362			505,217
Savings				90,085				88,423				87,484				89,067			94,486
				1,077,882				1,028,846				955,589				969,937			997,301
Time deposits
	Less than $100,000			304,735				309,311				334,341				302,745			303,441
	$100,000 or more			409,364				441,449				481,064				519,599			499,253
		Total deposits	$	1,791,981			$	1,779,606			$	1,770,994			$	1,792,281		$	1,799,995


As a percentage of total deposits:
	Demand deposits (noninterest-bearing)			25.5		%		23.0		%		22.4		%		21.4	%		22.1	%
	Money market accounts and NOW			29.6				29.9				26.6				27.8			28.1
	Savings			5.1				5.0				4.9				5.0			5.2
				60.2				57.9				53.9				54.2			55.4
	Time deposits
	Less than $100,000			17.0				17.4				18.9				16.9			16.9
	$100,000 or more			22.8				24.7				27.2				28.9			27.7
		Total deposits		100.0				100.0				100.0				100.0			100.0


CENTER FINANCIAL CORPORATION
SELECTED FINANCIAL DATA (Unaudited)
(Dollars in thousands)

				6/30/11			3/31/11			12/31/10			6/30/10
Non-covered nonperforming loans:
	Real estate:
		Construction		$	1,269		$	5,738		$	6,108		$	4,540
		Commercial - Real Estate			25,182			21,490			29,167			51,057
	Commercial
		Commercial - Business			7,504			5,263			5,696			7,445
		Trade Finance			355			100			-			1,196
		SBA			7,885			5,278			3,896			2,972
	Other
		Consumer			1,096			383			651			281
Total non-covered nonperforming loans					43,291			38,252			45,518			67,491
Guaranteed portion of nonperforming SBA loans					7,247			4,110			3,293			3,250
Total non-covered nonperforming loans, net of SBA guarantees					36,044			34,142			42,225			64,241
Other real estate owned					133			144			937			2,778

Total non-covered nonperforming assets, net of SBA guarantees				$	36,177		$	34,286		$	43,162		$	67,019

Performing TDR's not included above				$	19,090		$	19,894		$	21,377		$	17,709

Ratios:
Nonperforming loans, net of SBA guarantees as a percent of total non-covered loans					2.48	%		2.36			2.76	%		4.36	%
Nonperforming assets, net of SBA guarantees as a percent of non-covered loans and OREO					2.49			2.37			2.82			4.54
Allowance for loan losses to non-covered nonperforming loans, net of SBA guarantees					137.6			149.4			123.3			91.0

Delinquency:
Delinquent non-covered loans 30-89 days past due, net of SBA guarantees				$	6,138		$	10,352		$	12,732		$	10,666
Total non-covered nonperforming loans, net of SBA guarantees					36,044			34,142			42,225			64,241
	Total delinquent non-covered loans			$	42,182		$	44,494		$	54,957		$	74,907

Covered nonperforming assets:
	Covered nonperforming loans			$	8,898		$	14,273		$	15,021		$	13,358
	Covered other real estate owned				1,132			1,405			1,459			1,560
Total covered nonperforming assets				$	10,030		$	15,678		$	16,480		$	14,918

Ratios:
Covered nonperforming loans to total covered loans					8.67	%		12.77	%		12.81			10.92	%
Covered nonperforming assets to total assets					0.44			0.69			0.73			0.66

Total nonperforming assets, net of SBA guarantees (combined):
Total nonperforming loans, net of SBA guarantees				$	44,942		$	48,415		$	57,246		$	77,599
Other real estate owned					1,265			1,549			2,396			4,338
Total nonperforming assets, net of SBA guarantees				$	46,207		$	49,964		$	59,642		$	81,937

Ratios (combined):
Nonperforming loans, net of SBA guarantees to total gross loans					2.88	%		3.10	%		3.48	%		4.86	%
Nonperforming assets, net of SBA guarantees to total assets					2.04			2.21			2.63			3.60

				Six Months			Three Months			Year			Six Months
				Ended			Ended			Ended			Ended
				6/30/11			3/31/11			12/31/10			6/30/10
Balances (non-covered loans):
	Average total non-covered loans outstanding during the period			$	1,470,025		$	1,494,492		$	1,493,526		$	1,517,404
	Total non-covered loans outstanding at end of period			$	1,454,106		$	1,446,808		$	1,527,928		$	1,473,646

Allowance for Loan Losses (non-covered loans):
	Balance at beginning of period			$	52,047		$	52,047		$	58,543		$	58,543
	Charge-offs:
		Construction Real Estate			1,932			371			947			-
		Commercial Real Estate			6,350			5,246			20,296			10,040
		Commercial - Business			4,545			1,251			8,114			3,747
		Trade Finance			444			200			767			251
		SBA			534			370			1,075			872
		Consumer			488			303			1,448			238
		Other			-			-			-			-
			Total charge-offs		14,293			7,741			32,647			15,148
	Recoveries
		Construction Real Estate			366			366			561			43
		Commercial Real Estate			195			191			1,357			62
		Commercial - Business			126			63			2,890			2,789
		Trade Finance			-			-			-			-
		SBA			25			18			189			80
		Consumer			124			66			154			66
		Other			-			-			-			-
			Total recoveries		836			704			5,151			3,040
			Net loan charge-offs		13,457			7,037			27,496			12,108
		Provision for loan losses (non-covered loans)			11,000			6,000			21,000			12,000
		Balance at end of period		$	49,590		$	51,010		$	52,047		$	58,435

Ratios (non-covered loans):
	Net loan charge-offs to average non-covered loans				1.85	%		1.91	%		1.84	%		1.61	%
	Provision for loan losses to average non-covered loans				1.51			1.63			1.41			1.59
	Allowance for loan losses to gross non-covered loans at end of period				3.41			3.53			3.41			3.97
	Allowance for loan losses to non-covered nonperforming loans				114.55			133.35			114.34			86.58
	Net loan charge-offs to allowance for loan losses at end of period				54.72			55.95			52.83			41.78
	Net loan charge-offs to provision for loan losses				122.34			117.28			130.93			100.90


CENTER FINANCIAL CORPORATION
SELECTED FINANCIAL DATA (Unaudited)

		As of and For the Three Months Ended						As of and For the Six Months Ended
Performance ratios:		6/30/11		3/31/11		6/30/10		6/30/11		6/30/10
	Return on average assets	0.86	%	0.86	%	1.38	%	0.86	%	0.93	%
	Return on average equity	6.97		7.17		11.52		7.07		7.95
	Efficiency ratio	55.66		53.26		43.01		54.42		45.68
	Net loans to total deposits at period-end	84.05		84.66		85.42		84.05		85.42
	Net loans to total assets at period-end	66.40		66.66		67.58		66.40		67.58

Capital ratios:
	Leverage capital ratio
	Consolidated Company	13.20	%	12.85	%	12.38	%
	Center Bank	13.04		12.67		12.09
	Tier 1 risk-based capital ratio
	Consolidated Company	19.39		19.14		17.19
	Center Bank	19.15		18.86		16.77
	Total risk-based capital ratio
	Consolidated Company	20.67		20.42		18.47
	Center Bank	20.43		20.14		18.05


CENTER FINANCIAL CORPORATION
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (Unaudited)
(Dollars in thousands, except per share data)

			6/30/11				3/31/11				12/31/10				6/30/10

Total shareholders' equity			$	285,039			$	278,907			$	274,012			$	265,164
	Less:	Preferred stock		(53,538	)			(53,472	)			(53,409	)			(53,286	)
		Common stock warrant		(1,026	)			(1,026	)			(1,026	)			(1,026	)
		Intangible assets, net		(434	)			(449	)			(464	)			(490	)
Tangible common equity			$	230,041			$	223,960			$	219,113			$	210,362

Total assets			$	2,268,327			$	2,260,118			$	2,270,279			$	2,275,143
	Less:	Intangible assets, net		(434	)			(449	)			(464	)			(490	)
Tangible assets			$	2,267,893			$	2,259,669			$	2,269,815			$	2,274,653

Common shares outstanding				39,913,660				39,908,514				39,914,686				39,895,111

Tangible common equity per common share			$	5.76			$	5.61			$	5.49			$	5.27
Tangible common equity to tangible assets				10.14		%		9.91		%		9.65		%		9.25		%

CONTACT:
Center Financial Corporation
Douglas J. Goddard, Interim CFO
213-401-2311
douglasg@centerbank.com
or
Angie Yang, SVP, Investor Relations
213-251-2219
angiey@centerbank.com

CENTER FINANCIAL CORP 8-K