FDIC Certificate #: 33825 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Commercial Bank (#32469) Federal Reserve ID: 2074256 Date Established: August 11, 1993 WWW:http://www.asianamericanbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 13535 FDIC's unique #: 48130 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: August 11, 1993 Last Structure Change Effective Date: November 29, 2005 Last Structure Change Process Date: December 12, 2005 Last Data Update: December 12, 2005 Data Source Date: April 05, 2012
Location
Address: 68 Harrison Avenue, Boston, MA 2111 County: Suffolk Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: South Boston Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120) Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7) Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460) CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460) Core Based Statistical Division: Boston-Quincy, MA (#14484)
Financial Summary
Total assets: $130.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
50Total employees (full-time equivalent)
$130,597Total assets
$3,174Cash and due from depository institutions
$294Interest-bearing balances
$30,779Securities
$4,300Federal funds sold & reverse repurchase agreements
$87,183Net loans & leases
$774Loan loss allowance
$0Trading account assets
$2,618Bank premises and fixed assets
$521Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,022All other assets
$130,597Total liabilities and capital
$113,208Total liabilities
$107,928Total deposits
$83,273Interest-bearing deposits
$107,928Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,469Other borrowed funds
$0Subordinated debt
$811All other liabilities
$17,389Total equity capital
$17,389Total bank equity capital
$17,389Perpetual preferred stock
$0Common stock
$1,585Surplus
$13,534Undivided profits
Memoranda
$2,270Noncurrent loans and leases
$11,882Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$609Average Assets, year-to-date
$122,556Average Assets, quarterly
$26,790Volatile liabilities
$124,106Insider loans
$128,468FHLB advances
$10,505Loans and leases held for sale
$1,198Unused loan commitments
$4,469Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,882Total unused commitments
$0Restructured Loans and leases
$774Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$6,315Total interest income
$1,011Total interest expense
$5,304Net interest income
$194Provision for loan and lease losses
$442Total noninterest income
$0Fiduciary activities
$148Service charges on deposit accounts
$0Trading account gains & fees
$294Additional noninterest income
$5,064Total noninterest expense
$2,889Salaries and employee benefits
$585Premises and equipment expense
$1,590Additional noninterest expense
$488Pre-tax net operating income
$13Securities gains (losses)
$181Applicable income taxes
$320Income before extraordinary items
$0Extraordinary gains - net
$320Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.43%Yield on earning assets
0.87%Cost of funding earning assets
4.56%Net interest margin
0.38%Noninterest income to earning assets
4.35%Noninterest expense to earning assets
0.25%Net operating income to assets
0.26%Return on assets (ROA)
0.40%Pretax return on assets
1.84%Return on equity (ROE)
1.84%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,131Assets per employee
2.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.00%Net loans and leases to deposits
80.78%Net loans and leases to core deposits
88.13%Equity capital to assets
13.32%Core capital (leverage) ratio
13.70%Tier 1 risk-based capital ratio
19.83%Total risk-based capital ratio
Memoranda
$21Average assets
$124,106Average earning assets
$17,381Average equity
$116,329Average loans
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