Asian Bank in Philadelphia, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Asian Bank - Overview

  • General
  • FDIC Certificate #: 34759
    Status: Active
    Federal Reserve ID: 2785477
    Bank Holding Company (Regulatory Top Holder): Asian Financial Corporation (RSSDID: 2785459, Location: Philadelphia, PA)
    Date Established: June 09, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 61531
    Numeric code: 13
    Regulator: FED
    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: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 09, 1999
    Last Structure Change Effective Date: Febuary 08, 2008
    Last Structure Change Process Date: July 30, 2008
    Last Data Update: July 30, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 815-837 Arch Street, Philadelphia, PA 19107
    County: Philadelphia
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $70.1 mil
    Equity capital: $5.9 mil
    Deposits held in domestic offices: $61.8 mil
    Return on assets (ROA): -0.13% (-$0.1 mil)
    Quarterly return on assets: 0.34% ($0.2 mil)
    Return on Equity (ROE): -1.70% (-$0.1 mil)
    Quarterly return on equity: 4.02% ($0.2 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.13% (-$91.2 mil)
    Quarterly Pretax return on assets: 0.34% ($238.5 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
  • 22Total employees (full-time equivalent)
  • $70,141Total assets
  • $12,247Cash and due from depository institutions
  • $11,417Interest-bearing balances
  • $5,292Securities
  • $111Federal funds sold & reverse repurchase agreements
  • $50,144Net loans & leases
  • $966Loan loss allowance
  • $0Trading account assets
  • $1,047Bank premises and fixed assets
  • $188Other real estate owned
  • $0Goodwill and other intangibles
  • $70,141Life insurance assets
  • $1,112All other assets
  • $64,245Total liabilities and capital
  • $61,847Total liabilities
  • $49,621Total deposits
  • $61,847Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $398Subordinated debt
  • $5,896All other liabilities
  • $5,896Total equity capital
  • $5,896Total bank equity capital
  • $0Perpetual preferred stock
  • $10,719Common stock
  • $1,620Surplus
  • $-6,443Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,683Income earned, not collected on loans
  • $73Earning assets
  • $281Long-term assets (5+ years)
  • $66,964Average Assets, year-to-date
  • $6,645Average Assets, quarterly
  • $68,725Volatile liabilities
  • $69,996Insider loans
  • $49,882FHLB advances
  • $70,304Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,873Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,461Restructured Loans and leases
  • $164Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,434Total interest income
  • $751Total interest expense
  • $2,683Net interest income
  • $176Provision for loan and lease losses
  • $416Total noninterest income
  • $0Fiduciary activities
  • $146Service charges on deposit accounts
  • $0Trading account gains & fees
  • $270Additional noninterest income
  • $3,143Total noninterest expense
  • $1,189Salaries and employee benefits
  • $421Premises and equipment expense
  • $1,533Additional noninterest expense
  • -$220Pre-tax net operating income
  • $130Securities gains (losses)
  • $0Applicable income taxes
  • -$90Income before extraordinary items
  • $0Extraordinary gains - net
  • -$90Net income attributable to bank
  • $0Net charge-offs
  • -$90Cash dividends
  • $457Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 4.81%Noninterest expense to earning assets
  • -0.32%Net operating income to assets
  • -0.13%Return on assets (ROA)
  • -0.13%Pretax return on assets
  • -1.70%Return on equity (ROE)
  • -1.70%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 38.51%Credit loss provision to net charge-offs
  • -0.10%Efficiency ratio
  • 101,420Assets per employee
  • 3.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 57.40%Noncurrent assets plus other real estate owned to assets
  • 2.67%Noncurrent loans to loans
  • 3.29%Net loans and leases to deposits
  • 81.08%Net loans and leases to core deposits
  • 82.91%Equity capital to assets
  • 8.41%Core capital (leverage) ratio
  • 8.35%Tier 1 risk-based capital ratio
  • 11.77%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $68,725Average earning assets
  • $5,282Average equity
  • $65,377Average loans

List of branches

  • 1 Pennsylvania Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061531Asian Bank815-837 Arch Street, Philadelphia, PA 19107June 09, 1999Full Service Brick and Mortar

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