The Bank of East Asia (USA), National Association in New York, New York (NY), CA
Overview, Financial Summary, Detailed Financial Reports, Branches


The Bank of East Asia (USA), National Association - Overview

  • General
  • FDIC Certificate #: 24387
    Status: Active
    Federal Reserve ID: 1015560
    Bank Holding Company (Regulatory Top Holder): Bank Of East Asia, Limited, The (RSSDID: 1244221, Location: Hong Kong)
    Date Established: Febuary 14, 1983
    WWW: http://www.hkbea-us.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 13 (Domestic: 13, Interstate: Yes)
    FDIC's unique #: 16967
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 14, 1983
    Last Structure Change Effective Date: May 19, 2006
    Last Structure Change Process Date: May 30, 2006
    Last Data Update: May 30, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 Canal Street, New York, NY 10013
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $780.4 mil
    Equity capital: $135.8 mil
    Deposits held in domestic offices: $620.7 mil
    Return on assets (ROA): 0.37% ($2.9 mil)
    Quarterly return on assets: 0.33% ($2.6 mil)
    Return on Equity (ROE): 1.99% ($2.7 mil)
    Quarterly return on equity: 1.87% ($2.5 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.66% ($5,150.7 mil)
    Quarterly Pretax return on assets: 0.58% ($4,526.3 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
  • 201Total employees (full-time equivalent)
  • $780,402Total assets
  • $78,379Cash and due from depository institutions
  • $71,694Interest-bearing balances
  • $4,386Securities
  • $55,000Federal funds sold & reverse repurchase agreements
  • $562,908Net loans & leases
  • $8,762Loan loss allowance
  • $15Trading account assets
  • $5,428Bank premises and fixed assets
  • $1,485Other real estate owned
  • $23,012Goodwill and other intangibles
  • $780,402Life insurance assets
  • $49,789All other assets
  • $644,570Total liabilities and capital
  • $620,684Total liabilities
  • $564,710Total deposits
  • $620,684Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,896Federal funds purchased & repurchase agreements
  • $1,275Trading liabilities
  • $0Other borrowed funds
  • $20,715Subordinated debt
  • $135,832All other liabilities
  • $135,832Total equity capital
  • $135,832Total bank equity capital
  • $0Perpetual preferred stock
  • $4Common stock
  • $160,170Surplus
  • $-24,342Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,319Income earned, not collected on loans
  • $0Earning assets
  • $1,194Long-term assets (5+ years)
  • $693,988Average Assets, year-to-date
  • $12,234Average Assets, quarterly
  • $727,160Volatile liabilities
  • $762,869Insider loans
  • $601,263FHLB advances
  • $753,892Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $113,702Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,086Restructured Loans and leases
  • $6,778Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,678Total interest income
  • $4,411Total interest expense
  • $26,267Net interest income
  • $1,907Provision for loan and lease losses
  • $7,369Total noninterest income
  • $0Fiduciary activities
  • $184Service charges on deposit accounts
  • $4,460Trading account gains & fees
  • $2,725Additional noninterest income
  • $26,960Total noninterest expense
  • $14,781Salaries and employee benefits
  • $6,204Premises and equipment expense
  • $5,975Additional noninterest expense
  • $4,769Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,089Applicable income taxes
  • $2,680Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,680Net income attributable to bank
  • $0Net charge-offs
  • $2,680Cash dividends
  • $1,844Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.13%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 1.99%Return on equity (ROE)
  • 1.99%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 103.42%Credit loss provision to net charge-offs
  • 3.62%Efficiency ratio
  • 79,474Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 53.69%Noncurrent assets plus other real estate owned to assets
  • 2.28%Noncurrent loans to loans
  • 2.85%Net loans and leases to deposits
  • 90.69%Net loans and leases to core deposits
  • 95.62%Equity capital to assets
  • 17.41%Core capital (leverage) ratio
  • 15.08%Tier 1 risk-based capital ratio
  • 18.91%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $727,160Average earning assets
  • $134,533Average equity
  • $636,149Average loans

List of branches

  • 10 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1257314Los Angeles Regional Branch17180 Colima Road, Hacienda Heights, CA 91745April 28, 1986Full Service Brick and Mortar
    2428803Temple City Branch5773 Rosemead Boulevard, Temple City, CA 91780August 08, 2003Full Service Brick and Mortar
    3428804Alhambra Branch388 East Valley Boulevard, Suite 118, Alhambra, CA 91801December 05, 2003Full Service Brick and Mortar
    4442627Torrance Branch23133 Hawthorne Boulevard. Suite 100, Torrance, CA 90505June 28, 2005Full Service Brick and Mortar
    517336San Francisco Chinatown1001 Grant Avenue, San Francisco, CA 94133Febuary 08, 1984Full Service Brick and Mortar
    6257815Clement Street Branch622 Clement Street, San Francisco, CA 94118October 24, 1988Full Service Brick and Mortar
    7257816Noriega Street Branch1250 Noriega Street, San Francisco, CA 94122November 01, 1990Full Service Brick and Mortar
    10472615South San Francisco Branch235 Grand Avenue, Suite 101, South San Francisco, CA 94080Febuary 28, 2008Full Service Brick and Mortar
    11472616San Gabriel Branch168 West Valley Boulevard, San Gabriel, CA 91776Febuary 28, 2008Full Service Brick and Mortar
    12493062Oakland Branch401 Ninth Street, Oakland, CA 94607January 20, 2009Full Service Brick and Mortar
  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016967The Bank Of East Asia (Usa), National Association202 Canal Street, New York, NY 10013Febuary 14, 1983Full Service Brick and Mortar
    8462682Brooklyn Branch5714 8th Avenue (At 57th Street), Brooklyn, NY 11220March 21, 2007Full Service Brick and Mortar
    9466470Flushing Branch39-02 Main Street, Flushing, NY 11354March 28, 2007Full Service Brick and Mortar

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