FDIC Certificate #: 34759 Status: Active Federal Reserve ID: 2785477 Bank Holding Company (Regulatory Top Holder): Asian Financial Corporation (RSSDID: 2785459, Location: Philadelphia, PA) Date Established: June 09, 1999 WWW:http://www.theasianbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 61531 Numeric code: 13 Regulator: FED 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: June 09, 1999 Last Structure Change Effective Date: Febuary 08, 2008 Last Structure Change Process Date: July 30, 2008 Last Data Update: July 30, 2008 Data Source Date: April 05, 2012
Location
Address: 815-837 Arch Street, Philadelphia, PA 19107 County: Philadelphia Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Philadelphia Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160) Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77) Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428) Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) Core Based Statistical Division: Philadelphia, PA (#37964)
History of Changes
Change in Location
Financial Summary
Total assets: $70.1 mil Equity capital: $5.9 mil Deposits held in domestic offices: $61.8 mil Return on assets (ROA): -0.13% (-$0.1 mil) Quarterly return on assets: 0.34% ($0.2 mil) Return on Equity (ROE): -1.70% (-$0.1 mil) Quarterly return on equity: 4.02% ($0.2 mil) Net income: -$0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: -0.13% (-$91.2 mil) Quarterly Pretax return on assets: 0.34% ($238.5 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
22Total employees (full-time equivalent)
$70,141Total assets
$12,247Cash and due from depository institutions
$11,417Interest-bearing balances
$5,292Securities
$111Federal funds sold & reverse repurchase agreements
$50,144Net loans & leases
$966Loan loss allowance
$0Trading account assets
$1,047Bank premises and fixed assets
$188Other real estate owned
$0Goodwill and other intangibles
$70,141Life insurance assets
$1,112All other assets
$64,245Total liabilities and capital
$61,847Total liabilities
$49,621Total deposits
$61,847Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$398Subordinated debt
$5,896All other liabilities
$5,896Total equity capital
$5,896Total bank equity capital
$0Perpetual preferred stock
$10,719Common stock
$1,620Surplus
$-6,443Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,683Income earned, not collected on loans
$73Earning assets
$281Long-term assets (5+ years)
$66,964Average Assets, year-to-date
$6,645Average Assets, quarterly
$68,725Volatile liabilities
$69,996Insider loans
$49,882FHLB advances
$70,304Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,873Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,461Restructured Loans and leases
$164Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,434Total interest income
$751Total interest expense
$2,683Net interest income
$176Provision for loan and lease losses
$416Total noninterest income
$0Fiduciary activities
$146Service charges on deposit accounts
$0Trading account gains & fees
$270Additional noninterest income
$3,143Total noninterest expense
$1,189Salaries and employee benefits
$421Premises and equipment expense
$1,533Additional noninterest expense
-$220Pre-tax net operating income
$130Securities gains (losses)
$0Applicable income taxes
-$90Income before extraordinary items
$0Extraordinary gains - net
-$90Net income attributable to bank
$0Net charge-offs
-$90Cash dividends
$457Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.25%Yield on earning assets
1.15%Cost of funding earning assets
4.10%Net interest margin
0.64%Noninterest income to earning assets
4.81%Noninterest expense to earning assets
-0.32%Net operating income to assets
-0.13%Return on assets (ROA)
-0.13%Pretax return on assets
-1.70%Return on equity (ROE)
-1.70%Retained earnings to average equity (YTD only)
0.89%Net charge-offs to loans
38.51%Credit loss provision to net charge-offs
-0.10%Efficiency ratio
101,420Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
57.40%Noncurrent assets plus other real estate owned to assets
2.67%Noncurrent loans to loans
3.29%Net loans and leases to deposits
81.08%Net loans and leases to core deposits
82.91%Equity capital to assets
8.41%Core capital (leverage) ratio
8.35%Tier 1 risk-based capital ratio
11.77%Total risk-based capital ratio
Memoranda
$13Average assets
$68,725Average earning assets
$5,282Average equity
$65,377Average loans
List of branches
1 Pennsylvania Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
61531
Asian Bank
815-837 Arch Street, Philadelphia, PA 19107
June 09, 1999
Full Service Brick and Mortar
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