FDIC Certificate #: 16150 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cathay Bank (#18503) Federal Reserve ID: 984155 Date Established: May 01, 1944 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10362 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: May 01, 1944 Last Structure Change Effective Date: December 11, 2000 Last Structure Change Process Date: Febuary 15, 2001 Last Data Update: Febuary 15, 2001 Data Source Date: April 05, 2012
Location
Address: 10375 Richmond Avenue, Suite 1600, Houston, TX 77042 County: Harris Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
Financial Summary
Total assets: $58.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
20Total employees (full-time equivalent)
$56,994Total assets
$5,135Cash and due from depository institutions
$600Interest-bearing balances
$13,247Securities
$4,350Federal funds sold & reverse repurchase agreements
$33,121Net loans & leases
$906Loan loss allowance
$0Trading account assets
$232Bank premises and fixed assets
$237Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$672All other assets
$56,994Total liabilities and capital
$48,695Total liabilities
$48,477Total deposits
$32,788Interest-bearing deposits
$48,477Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$218All other liabilities
$8,299Total equity capital
$8,299Total bank equity capital
$8,299Perpetual preferred stock
$0Common stock
$1,000Surplus
$5,000Undivided profits
Memoranda
$2,299Noncurrent loans and leases
$1,609Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$839Earning assets
$0Long-term assets (5+ years)
$382Average Assets, year-to-date
$51,318Average Assets, quarterly
$2,283Volatile liabilities
$61,045Insider loans
$60,350FHLB advances
$7,330Loans and leases held for sale
$2,647Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,609Total unused commitments
$0Restructured Loans and leases
$515Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$4,083Total interest income
$1,389Total interest expense
$2,694Net interest income
$120Provision for loan and lease losses
$125Total noninterest income
$0Fiduciary activities
$96Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$1,419Total noninterest expense
$827Salaries and employee benefits
$131Premises and equipment expense
$461Additional noninterest expense
$1,280Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,280Income before extraordinary items
$0Extraordinary gains - net
$1,280Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$96Sale, conversion, retirement of capital stock, net
$958Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.36%Yield on earning assets
2.50%Cost of funding earning assets
4.85%Net interest margin
0.23%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
2.10%Net operating income to assets
2.10%Return on assets (ROA)
2.10%Pretax return on assets
15.31%Return on equity (ROE)
3.85%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
125.00%Credit loss provision to net charge-offs
14.58%Efficiency ratio
50,337Assets per employee
2.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.84%Loss allowance to loans
2.66%Loss allowance to noncurrent loans
107.99%Noncurrent assets plus other real estate owned to assets
1.89%Noncurrent loans to loans
2.47%Net loans and leases to deposits
68.32%Net loans and leases to core deposits
80.49%Equity capital to assets
14.56%Core capital (leverage) ratio
14.92%Tier 1 risk-based capital ratio
21.16%Total risk-based capital ratio
Memoranda
$22Average assets
$61,045Average earning assets
$8,360Average equity
$55,506Average loans
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