FDIC Certificate #: 23083 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cathay Bank (#18503) Federal Reserve ID: 730268 Date Established: March 18, 1980 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 21 (Interstate: No) OTS Docket #: 9750 FDIC's unique #: 16169 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: March 18, 1980 Last Structure Change Effective Date: October 20, 2003 Last Structure Change Process Date: November 04, 2003 Last Data Update: November 04, 2003 Data Source Date: April 05, 2012
Location
Address: 800 West 6th Street, 15th Floor, Los Angeles, CA 90017 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100) CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100) Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
Financial Summary
Total assets: $2,410.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
397Total employees (full-time equivalent)
$2,508,021Total assets
$46,878Cash and due from depository institutions
$40Interest-bearing balances
$1,057,677Securities
$181,000Federal funds sold & reverse repurchase agreements
$1,166,499Net loans & leases
$25,534Loan loss allowance
$0Trading account assets
$6,234Bank premises and fixed assets
$1,484Other real estate owned
$5,334Goodwill and other intangibles
$0Life insurance assets
$42,915All other assets
$2,508,021Total liabilities and capital
$2,290,440Total liabilities
$1,906,107Total deposits
$1,754,011Interest-bearing deposits
$1,906,107Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$335,900Other borrowed funds
$0Subordinated debt
$48,433All other liabilities
$217,581Total equity capital
$217,581Total bank equity capital
$217,581Perpetual preferred stock
$0Common stock
$18,257Surplus
$25,948Undivided profits
Memoranda
$173,376Noncurrent loans and leases
$589,660Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$25,670Earning assets
$0Long-term assets (5+ years)
$10,473Average Assets, year-to-date
$2,405,216Average Assets, quarterly
$716,409Volatile liabilities
$2,468,549Insider loans
$2,477,910FHLB advances
$1,088,394Loans and leases held for sale
$2,675Unused loan commitments
$322,400Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$589,660Total unused commitments
$666Restructured Loans and leases
$21,417Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$146,906Total interest income
$49,489Total interest expense
$97,417Net interest income
$76,364Provision for loan and lease losses
$1,536Total noninterest income
$0Fiduciary activities
$1,480Service charges on deposit accounts
$0Trading account gains & fees
$56Additional noninterest income
$38,406Total noninterest expense
$21,825Salaries and employee benefits
$7,201Premises and equipment expense
$9,380Additional noninterest expense
-$15,817Pre-tax net operating income
$10,127Securities gains (losses)
-$3,785Applicable income taxes
-$1,905Income before extraordinary items
$0Extraordinary gains - net
-$1,905Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$74,083Sale, conversion, retirement of capital stock, net
$5,575Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.19%Yield on earning assets
2.08%Cost of funding earning assets
4.10%Net interest margin
0.06%Noninterest income to earning assets
1.62%Noninterest expense to earning assets
-0.34%Net operating income to assets
-0.08%Return on assets (ROA)
-0.23%Pretax return on assets
-0.89%Return on equity (ROE)
-3.51%Retained earnings to average equity (YTD only)
6.30%Net charge-offs to loans
103.08%Credit loss provision to net charge-offs
0.82%Efficiency ratio
38,666Assets per employee
6.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
-292.65%Loss allowance to loans
2.14%Loss allowance to noncurrent loans
99.47%Noncurrent assets plus other real estate owned to assets
1.02%Noncurrent loans to loans
2.15%Net loans and leases to deposits
61.20%Net loans and leases to core deposits
113.63%Equity capital to assets
8.68%Core capital (leverage) ratio
7.91%Tier 1 risk-based capital ratio
11.37%Total risk-based capital ratio
Memoranda
$13Average assets
$2,468,549Average earning assets
$213,323Average equity
$2,374,182Average loans
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