FDIC Certificate #: 27034 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Cathay Bank (#18503) Federal Reserve ID: 209139 Date Established: August 24, 1987 WWW:http://www.newasiabk.com 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
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New Asia Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: