FDIC Certificate #: 34417 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cathay Bank (#18503) Federal Reserve ID: 2619572 Date Established: October 06, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 57180 Numeric code: 21 Regulator: FDIC 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: October 06, 1997 Last Structure Change Effective Date: March 30, 2007 Last Structure Change Process Date: April 06, 2007 Last Data Update: April 06, 2007 Data Source Date: April 05, 2012
Location
Address: 1769 Route 27, Edison, NJ 8817 County: Middlesex Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Jamesburg Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Middlesex-Somerset-Hunterdon, NJ (#5015) 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: Edison-New Brunswick, NJ (#20764)
Financial Summary
Total assets: $57.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
13Total employees (full-time equivalent)
$57,468Total assets
$1,296Cash and due from depository institutions
$644Interest-bearing balances
$15,573Securities
$89Federal funds sold & reverse repurchase agreements
$39,453Net loans & leases
$426Loan loss allowance
$0Trading account assets
$472Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$585All other assets
$57,468Total liabilities and capital
$52,465Total liabilities
$52,287Total deposits
$48,039Interest-bearing deposits
$52,287Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$178All other liabilities
$5,003Total equity capital
$5,003Total bank equity capital
$5,003Perpetual preferred stock
$0Common stock
$5,000Surplus
$3,889Undivided profits
Memoranda
$-3,886Noncurrent loans and leases
$3,941Noncurrent 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)
$333Average Assets, year-to-date
$55,759Average Assets, quarterly
$17,630Volatile liabilities
$56,170Insider loans
$58,948FHLB advances
$8,411Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,941Total unused commitments
$0Restructured Loans and leases
$426Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,321Total interest income
$1,826Total interest expense
$1,495Net interest income
$24Provision for loan and lease losses
$175Total noninterest income
$0Fiduciary activities
$25Service charges on deposit accounts
$0Trading account gains & fees
$150Additional noninterest income
$1,744Total noninterest expense
$916Salaries and employee benefits
$288Premises and equipment expense
$540Additional noninterest expense
-$98Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$98Income before extraordinary items
$0Extraordinary gains - net
-$98Net 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, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.11%Yield on earning assets
3.36%Cost of funding earning assets
2.75%Net interest margin
0.32%Noninterest income to earning assets
3.21%Noninterest expense to earning assets
-0.17%Net operating income to assets
-0.17%Return on assets (ROA)
-0.17%Pretax return on assets
-1.97%Return on equity (ROE)
-1.97%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
104,431Assets per employee
4.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
75.45%Net loans and leases to core deposits
89.92%Equity capital to assets
8.71%Core capital (leverage) ratio
8.47%Tier 1 risk-based capital ratio
12.02%Total risk-based capital ratio
Memoranda
$13Average assets
$56,170Average earning assets
$4,977Average equity
$54,395Average loans
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