Cathay Bank in Los Angeles, California (CA), NY, IL, WA, TX
Overview, Financial Summary, Detailed Financial Reports, Branches


Cathay Bank - Overview

  • General
  • FDIC Certificate #: 18503
    Status: Active
    Federal Reserve ID: 595869
    Bank Holding Company (Regulatory Top Holder): Cathay General Bancorp (RSSDID: 1843080, Location: Los Angeles, CA)
    Date Established: April 19, 1962
    WWW: http://www.cathaybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 53 (Domestic: 52, Foreign: 1, Interstate: Yes)
    OTS Docket #: 10611
    FDIC's unique #: 12395
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 19, 1962
    Last Structure Change Effective Date: November 01, 2010
    Last Structure Change Process Date: December 08, 2010
    Last Data Update: December 08, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 777 North Broadway Street, Los Angeles, CA 90012
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
  • Financial Summary
  • Total assets: $10,628.9 mil
    Equity capital: $1,593.8 mil
    Deposits held in domestic offices: $6,950.9 mil
    Return on assets (ROA): 0.97% ($103.1 mil)
    Quarterly return on assets: 1.07% ($113.7 mil)
    Return on Equity (ROE): 6.63% ($105.7 mil)
    Quarterly return on equity: 7.16% ($114.1 mil)
    Net income: $102.5 mil
    Quarterly Net income: $28.3 mil
    Pretax return on assets: 1.47% ($156,245.2 mil)
    Quarterly Pretax return on assets: 1.64% ($174,314.3 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
  • 1,018Total employees (full-time equivalent)
  • $10,628,922Total assets
  • $412,832Cash and due from depository institutions
  • $294,956Interest-bearing balances
  • $2,443,368Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $6,845,297Net loans & leases
  • $206,280Loan loss allowance
  • $4,540Trading account assets
  • $105,648Bank premises and fixed assets
  • $92,714Other real estate owned
  • $327,937Goodwill and other intangibles
  • $10,628,922Life insurance assets
  • $396,586All other assets
  • $9,026,645Total liabilities and capital
  • $7,249,794Total liabilities
  • $6,173,414Total deposits
  • $6,950,942Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 1400000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $244,800Trading liabilities
  • $50,000Other borrowed funds
  • $82,051Subordinated debt
  • $1,602,277All other liabilities
  • $1,593,831Total equity capital
  • $1,593,831Total bank equity capital
  • $0Perpetual preferred stock
  • $6,149Common stock
  • $1,110,383Surplus
  • $477,299Undivided profits
  • Memoranda
  • $8,446Noncurrent loans and leases
  • $760Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $208,683Income earned, not collected on loans
  • $1,038Earning assets
  • $32,226Long-term assets (5+ years)
  • $9,588,161Average Assets, year-to-date
  • $2,922,906Average Assets, quarterly
  • $10,603,251Volatile liabilities
  • $10,556,356Insider loans
  • $8,248,190FHLB advances
  • $10,191,079Loans and leases held for sale
  • $1,821Unused loan commitments
  • $1,821Tier 1 (core) risk-based capital
  • $1,289,748Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,626,522Restructured Loans and leases
  • $23,628Derivatives
  • $367,122Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $454,032Total interest income
  • $137,009Total interest expense
  • $317,023Net interest income
  • $27,268Provision for loan and lease losses
  • $25,676Total noninterest income
  • $0Fiduciary activities
  • $5,420Service charges on deposit accounts
  • -$200Trading account gains & fees
  • $20,456Additional noninterest income
  • $180,511Total noninterest expense
  • $71,849Salaries and employee benefits
  • $19,945Premises and equipment expense
  • $88,717Additional noninterest expense
  • $134,920Pre-tax net operating income
  • $21,131Securities gains (losses)
  • $52,958Applicable income taxes
  • $103,093Income before extraordinary items
  • $0Extraordinary gains - net
  • $102,488Net income attributable to bank
  • $605Net charge-offs
  • $103,093Cash dividends
  • $66,219Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 3.32%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 1.89%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 6.63%Return on equity (ROE)
  • 6.63%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 41.18%Credit loss provision to net charge-offs
  • 2.45%Efficiency ratio
  • 50,964Assets per employee
  • 10.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.93%Loss allowance to noncurrent loans
  • 98.85%Noncurrent assets plus other real estate owned to assets
  • 2.84%Noncurrent loans to loans
  • 2.96%Net loans and leases to deposits
  • 94.42%Net loans and leases to core deposits
  • 125.27%Equity capital to assets
  • 15.00%Core capital (leverage) ratio
  • 12.66%Tier 1 risk-based capital ratio
  • 15.64%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $10,603,251Average earning assets
  • $1,545,494Average equity
  • $9,561,061Average loans

List of branches

  • 1 Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    77465524Hong Kong503 Central Tower, 28 Queen's Road, Central, 0May 25, 2007Full Service Brick and Mortar
  • 34 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012395Cathay Bank777 North Broadway Street, Los Angeles, CA 90012April 19, 1962Full Service Brick and Mortar
    1245508Monterey Park Branch250 South Atlantic Boulevard, Monterey Park, CA 91754September 19, 1979Full Service Brick and Mortar
    2245509Alhambra Branch601 North Atlantic Boulevard, Alhambra, CA 91801December 30, 1985Full Service Brick and Mortar
    4245511Westminster Branch9121 Bolsa Avenue, Westminster, CA 92683June 14, 1988Full Service Brick and Mortar
    5245512San Jose Branch2010 Tully Road, San Jose, CA 95122December 18, 1989Full Service Brick and Mortar
    6245513San Gabriel Branch825 East Valley Boulevard, San Gabriel, CA 91776May 22, 1991Full Service Brick and Mortar
    9245516Oakland Branch710 Webster Street, Oakland, CA 94607March 12, 1992Full Service Brick and Mortar
    11245518City Of Industry Branch1250 South Fullerton Road, City Of Industry, CA 91748May 21, 1992Full Service Brick and Mortar
    12245519Milpitas Branch1759 North Milpitas Boulevard, Milpitas, CA 95035November 17, 1994Full Service Brick and Mortar
    13245520Irvine Branch15323 Culver Drive, Irvine, CA 92604November 15, 1994Full Service Brick and Mortar
    14245521Cupertino Branch10480 S. De Anza Blvd, Cupertino, CA 95014August 03, 1994Full Service Brick and Mortar
    15245522Millbrae Branch1095 El Camino Real, Millbrae, CA 94030December 14, 1994Full Service Brick and Mortar
    20286381Valley Stoneman Branch43 East Valley Boulevard, Alhambra, CA 91801June 30, 1987Full Service Brick and Mortar
    23245525Berkeley-Richmond Branch3288 Pierce Street, Suite D101, Richmond, CA 94804April 08, 1998Full Service Brick and Mortar
    27295004Diamond Bar Branch1195 South Diamond Bar Blvd, Diamond Bar, CA 91765January 21, 2000Full Service Brick and Mortar
    29362581Union City Branch1701 Decoto Road, Union City, CA 94587October 05, 2001Full Service Brick and Mortar
    30364633Sacramento Branch5591 Sky Parkway, Suite 411, Sacramento, CA 95823September 09, 2002Full Service Brick and Mortar
    3316169El Monte Office9650 Flair Drive, El Monte, CA 91731March 18, 1980Full Service Brick and Mortar
    35255874Torrance Branch23326 Hawthorne Boulevard, Suite 100, Torrance, CA 90505April 02, 1985Full Service Brick and Mortar
    36255875Cerritos Valley Branch18643 South Pioneer Boulevard, Artesia, CA 90701October 20, 1986Full Service Brick and Mortar
    39255878Irvine Barranca Branch4010 Barranca Parkway, Suite 150, Irvine, CA 92604Febuary 22, 1990Full Service Brick and Mortar
    40255879San Diego Branch4688 Convoy Street,, San Diego, CA 92111March 05, 1990Full Service Brick and Mortar
    41255880Arcadia1139 West Huntington Drive, Arcadia, CA 91007December 06, 1990Full Service Brick and Mortar
    43255882Northridge Branch9045 Corbin Avenue #100, Northridge, CA 91324July 09, 1993Full Service Brick and Mortar
    44255883Orange Branch2263 North Tustin Street, Orange, CA 92865October 12, 1993Full Service Brick and Mortar
    48255887San Jose Oakland Road Branch1708 Oakland Road, Suite 400, San Jose, CA 95131Febuary 11, 1998Full Service Brick and Mortar
    58442608Rowland Heights Branch17432 Colima Road, Rowland Heights, CA 91748August 01, 2005Full Service Brick and Mortar
    59444017Fountain Valley Branch17860 Newhope Street, Suite 104, Fountain Valley, CA 92708August 22, 2005Full Service Brick and Mortar
    67453801San Francisco Branch540 Montgomery Street, San Francisco, CA 94111May 01, 2006Full Service Brick and Mortar
    68455997Airport Boulevard Branch500 Airport Boulevard, Suite 328, Burlingame, CA 94010December 15, 2004Limited Service Loan Production
    69455998Stevens Creek Boulevard Branch20195 Stevens Creek Boulevard, Cupertino, CA 95014October 11, 2004Limited Service Loan Production
    74456494Gale Avenue Branch17271 Gale Avenue, City Of Industry, CA 91748November 26, 2004Limited Service Loan Production
    80467768Ontario Branch2000a South Grove Avenue, Suite 103, Ontario, CA 91761July 23, 2007Full Service Brick and Mortar
    81493394Dublin Branch7190 Regional St.,, Dublin, CA 94568May 08, 2009Full Service Brick and Mortar
  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    7038488Chicago -chinatown Branch222 West Cermak Road, Chicago, IL 60616August 24, 1987Full Service Brick and Mortar
    71260680Chicago -broadway Branch4928 North Broadway, Chicago, IL 60640December 15, 1991Full Service Brick and Mortar
    73260683Chicago -westmont Branch665 Pasquinelli Drive #b104, Westmont, IL 60559April 17, 1998Full Service Brick and Mortar
  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    56440186Boston Branch621 Washington Street, Boston, MA 2111May 02, 2005Full Service Brick and Mortar
  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    7657180New Jersey Branch1769 Route 27, Edison, NJ 8817October 06, 1997Full Service Brick and Mortar
  • 8 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    25260079New York-Chinatown Branch45 East Broadway, New York, NY 10002April 18, 1997Full Service Brick and Mortar
    26245526Flushing Branch40-14/16 Main Street, Flushing, NY 11354December 11, 1999Full Service Brick and Mortar
    31364897Brooklyn Branch5402 Eighth Avenue, Brooklyn, NY 11220June 27, 2002Full Service Brick and Mortar
    57440495Soho Branch129 Lafayette Street, New York, NY 10013May 09, 2005Full Service Brick and Mortar
    62259888Chatham Square Branch16-18 East Broadway, New York City, NY 10002October 27, 1989Full Service Brick and Mortar
    63259889Midtown Branch235 5th Ave, New York, NY 10016July 18, 1998Full Service Brick and Mortar
    65425745Flushing South Branch41-48 Main Street, Flushing, NY 11355August 01, 2003Full Service Brick and Mortar
    66442299Flushing North Branch36-54 Main Street, Flushing, NY 11354April 30, 2005Full Service Brick and Mortar
  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    75460067Houston Branch9440 Bellaire Boulevard, Suite 118, Houston, TX 77036January 29, 2007Full Service Brick and Mortar
    79467767Plano Branch4100 Legacy Drive Suite 403, Plano, TX 75024July 11, 2007Full Service Brick and Mortar
  • 3 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    50356849Kent North Branch18030 East Valley Highway, Kent, WA 98032June 01, 2000Full Service Brick and Mortar
    60446289Seattle Branch621 South Lane Street, Seattle, WA 98104November 16, 2005Full Service Brick and Mortar
    78466433Bellevue Branch13238 Ne 20th Street, Suite 200, Bellevue, WA 98005May 07, 2007Full Service Brick and Mortar

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