Asia Bank, National Association in Flushing, New York (NY), MD
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Asia Bank, National Association in Flushing, New York (NY), MD
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Asia Bank, National Association - Overview

  • General
  • FDIC Certificate #: 25745
    Status: Active
    Federal Reserve ID: 810900
    Bank Holding Company (Regulatory Top Holder): Asia Bancshares, Inc. (RSSDID: 1144125, Location: Flushing, NY)
    Date Established: November 09, 1984
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: Yes)
    FDIC's unique #: 17618
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 09, 1984
    Last Structure Change Effective Date: July 01, 2008
    Last Structure Change Process Date: July 01, 2008
    Last Data Update: July 01, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 13534 Roosevelt Avenue, Flushing, NY 11354
    County: Queens
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $437.4 mil
    Equity capital: $65.2 mil
    Deposits held in domestic offices: $368.6 mil
    Return on assets (ROA): 1.28% ($5.6 mil)
    Quarterly return on assets: 0.95% ($4.2 mil)
    Return on Equity (ROE): 8.35% ($5.4 mil)
    Quarterly return on equity: 6.16% ($4.0 mil)
    Net income: $5.5 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.32% ($10,147.7 mil)
    Quarterly Pretax return on assets: 1.72% ($7,523.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 84Total employees (full-time equivalent)
  • $437,403Total assets
  • $23,915Cash and due from depository institutions
  • $21,106Interest-bearing balances
  • $3,153Securities
  • $40,000Federal funds sold & reverse repurchase agreements
  • $356,576Net loans & leases
  • $5,433Loan loss allowance
  • $0Trading account assets
  • $5,761Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $437,403Life insurance assets
  • $7,998All other assets
  • $372,209Total liabilities and capital
  • $368,558Total liabilities
  • $324,391Total deposits
  • $368,558Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,651Subordinated debt
  • $65,194All other liabilities
  • $65,194Total equity capital
  • $65,194Total bank equity capital
  • $0Perpetual preferred stock
  • $14,809Common stock
  • $31,088Surplus
  • $19,297Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,193Income earned, not collected on loans
  • $562Earning assets
  • $1,674Long-term assets (5+ years)
  • $420,835Average Assets, year-to-date
  • $4,732Average Assets, quarterly
  • $427,011Volatile liabilities
  • $433,741Insider loans
  • $355,365FHLB advances
  • $444,799Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $65,194Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,939Restructured Loans and leases
  • $2,132Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,327Total interest income
  • $2,852Total interest expense
  • $19,475Net interest income
  • $374Provision for loan and lease losses
  • $1,046Total noninterest income
  • $0Fiduciary activities
  • $181Service charges on deposit accounts
  • $0Trading account gains & fees
  • $865Additional noninterest income
  • $10,222Total noninterest expense
  • $6,100Salaries and employee benefits
  • $1,469Premises and equipment expense
  • $2,653Additional noninterest expense
  • $9,925Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,452Applicable income taxes
  • $5,473Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,473Net income attributable to bank
  • $0Net charge-offs
  • $5,473Cash dividends
  • $155Sale, conversion, retirement of capital stock, net
  • $3,702Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.73%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 2.32%Pretax return on assets
  • 8.35%Return on equity (ROE)
  • 2.70%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 241.29%Credit loss provision to net charge-offs
  • 66.45%Efficiency ratio
  • 49,812Assets per employee
  • 5.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.64%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 33.55%Noncurrent assets plus other real estate owned to assets
  • 3.70%Noncurrent loans to loans
  • 4.47%Net loans and leases to deposits
  • 96.75%Net loans and leases to core deposits
  • 109.50%Equity capital to assets
  • 14.90%Core capital (leverage) ratio
  • 14.66%Tier 1 risk-based capital ratio
  • 18.35%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $427,011Average earning assets
  • $65,556Average equity
  • $411,409Average loans

List of branches

  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4258180Asia Bank Rockville Maryland Branch650 Hungerford Dr, Rockville, MD 20850July 12, 1999Full Service Brick and Mortar
  • 4 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017618Asia Bank, National Association13534 Roosevelt Avenue, Flushing, NY 11354November 09, 1984Full Service Brick and Mortar
    1258177Chatham Square Branch23 Chatham Square, New York City, NY 10038June 01, 1987Full Service Brick and Mortar
    2258178Elmhurst Branch82-62 Broadway, New York City, NY 11373January 17, 1995Full Service Brick and Mortar
    3258179Asia Bank Loan Center Branch135-11 Roosevelt Avenue, Flushing, NY 11354June 16, 1997Full Service Brick and Mortar

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