New Asia Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 2006

  • New Asia Bank in Chicago, Illinois (IL)
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New Asia Bank - Overview

  • General
  • FDIC Certificate #: 27034
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Cathay Bank (#18503)
    Federal Reserve ID: 209139
    Date Established: August 24, 1987
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9105
    FDIC's unique #: 38488
    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: August 24, 1987
    Last Structure Change Effective Date: October 18, 2006
    Last Structure Change Process Date: November 20, 2006
    Last Data Update: November 20, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 West Cermak Road, Chicago, IL 60616
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $142.2 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
  • 47Total employees (full-time equivalent)
  • $144,984Total assets
  • $7,263Cash and due from depository institutions
  • $3,791Interest-bearing balances
  • $12,219Securities
  • $8,280Federal funds sold & reverse repurchase agreements
  • $109,446Net loans & leases
  • $1,565Loan loss allowance
  • $0Trading account assets
  • $3,972Bank premises and fixed assets
  • $300Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,504All other assets
  • $144,984Total liabilities and capital
  • $130,801Total liabilities
  • $123,997Total deposits
  • $113,190Interest-bearing deposits
  • $123,997Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,030Other borrowed funds
  • $498Subordinated debt
  • $1,276All other liabilities
  • $14,183Total equity capital
  • $14,183Total bank equity capital
  • $14,183Perpetual preferred stock
  • $0Common stock
  • $1,419Surplus
  • $8,478Undivided profits
  • Memoranda
  • $4,286Noncurrent loans and leases
  • $4,569Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $279Earning assets
  • $0Long-term assets (5+ years)
  • $651Average Assets, year-to-date
  • $133,736Average Assets, quarterly
  • $8,568Volatile liabilities
  • $138,268Insider loans
  • $141,673FHLB advances
  • $17,771Loans and leases held for sale
  • $0Unused loan commitments
  • $5,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $25Total risk weighted assets
  • $4,569Total unused commitments
  • $0Restructured Loans and leases
  • $1,690Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $7,378Total interest income
  • $2,643Total interest expense
  • $4,735Net interest income
  • $60Provision for loan and lease losses
  • $1,164Total noninterest income
  • $0Fiduciary activities
  • $199Service charges on deposit accounts
  • $0Trading account gains & fees
  • $965Additional noninterest income
  • $4,786Total noninterest expense
  • $2,878Salaries and employee benefits
  • $886Premises and equipment expense
  • $1,022Additional noninterest expense
  • $1,053Pre-tax net operating income
  • $0Securities gains (losses)
  • $236Applicable income taxes
  • $817Income before extraordinary items
  • $0Extraordinary gains - net
  • $817Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $233Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.89%Yield on earning assets
  • 2.11%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 6.54%Return on equity (ROE)
  • 6.54%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 25.75%Credit loss provision to net charge-offs
  • 4.78%Efficiency ratio
  • 81,132Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 560.93%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 88.27%Net loans and leases to core deposits
  • 102.52%Equity capital to assets
  • 9.78%Core capital (leverage) ratio
  • 10.07%Tier 1 risk-based capital ratio
  • 14.97%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $138,268Average earning assets
  • $12,488Average equity
  • $125,159Average loans

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