FDIC Certificate #: 26673 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cathay Bank (#18503) Federal Reserve ID: 960609 Date Established: May 17, 1986 WWW:http://www.gebank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 6 (Interstate: No) FDIC's unique #: 35687 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: May 17, 1986 Last Structure Change Effective Date: May 15, 2006 Last Structure Change Process Date: June 27, 2006 Last Data Update: June 27, 2006 Data Source Date: April 05, 2012
Location
Address: 235 Fifth Avenue, New York, NY 10016 County: New York 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)
Financial Summary
Total assets: $326.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
106Total employees (full-time equivalent)
$329,539Total assets
$14,802Cash and due from depository institutions
$150Interest-bearing balances
$65,518Securities
$17,000Federal funds sold & reverse repurchase agreements
$216,410Net loans & leases
$2,174Loan loss allowance
$0Trading account assets
$10,816Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,993All other assets
$329,539Total liabilities and capital
$297,432Total liabilities
$295,775Total deposits
$205,563Interest-bearing deposits
$295,775Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,657All other liabilities
$32,107Total equity capital
$32,107Total bank equity capital
$32,107Perpetual preferred stock
$0Common stock
$8,657Surplus
$12,489Undivided profits
Memoranda
$10,961Noncurrent loans and leases
$6,412Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$763Earning assets
$524Long-term assets (5+ years)
$1,438Average Assets, year-to-date
$299,078Average Assets, quarterly
$10Volatile liabilities
$313,573Insider loans
$325,025FHLB advances
$47,547Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,412Total unused commitments
$0Restructured Loans and leases
$2,174Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$15,971Total interest income
$3,161Total interest expense
$12,810Net interest income
-$91Provision for loan and lease losses
$3,325Total noninterest income
$0Fiduciary activities
$485Service charges on deposit accounts
$0Trading account gains & fees
$2,840Additional noninterest income
$11,463Total noninterest expense
$6,209Salaries and employee benefits
$2,604Premises and equipment expense
$2,650Additional noninterest expense
$4,763Pre-tax net operating income
-$25Securities gains (losses)
$2,220Applicable income taxes
$2,518Income before extraordinary items
$0Extraordinary gains - net
$2,518Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$13Sale, conversion, retirement of capital stock, net
$1,383Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.60%Yield on earning assets
1.11%Cost of funding earning assets
4.49%Net interest margin
1.16%Noninterest income to earning assets
4.02%Noninterest expense to earning assets
0.81%Net operating income to assets
0.80%Return on assets (ROA)
1.51%Pretax return on assets
8.02%Return on equity (ROE)
3.62%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
700.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
71,044Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.92%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
284.93%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.35%Net loans and leases to deposits
73.17%Net loans and leases to core deposits
87.18%Equity capital to assets
9.74%Core capital (leverage) ratio
9.96%Tier 1 risk-based capital ratio
13.07%Total risk-based capital ratio
Memoranda
$14Average assets
$313,573Average earning assets
$31,385Average equity
$285,451Average loans
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