Cathay Bank Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: FT6J43S06X6CLJ0R0B48

Tax ID: 95-2156738

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Cathay Bank is a small bank specializing in Home Purchase loans. Cathay Bank has a high proportion of conventional loans. Their top markets include New York, Los Angeles, San Francisco, Seattle, and Riverside among others. Cathay Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

2,035

Origination Dollar Volume (All Markets)

$1,322,235,000

Employee count

1,170

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 921 $544,615,000 $591,330 $6,030 4.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 398 $345,670,000 $868,518 $5,462 4.07%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 94 $81,770,000 $869,894 $4,362 4.07%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 111 $62,665,000 $564,550 $4,311 4.07%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 135 $56,105,000 $415,593 $4,628 4.09%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 62 $54,620,000 $880,968 $3,926 4.11%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 74 $35,700,000 $482,432 $4,326 4.19%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 25 $33,665,000 $1,346,600 $4,140 3.98%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 19 $23,265,000 $1,224,474 $6,107 4.02%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 59 $21,905,000 $371,271 $4,671 3.94%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 37 $21,555,000 $582,568 $2,754 3.42%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 23 $7,745,000 $336,739 $4,749 4.20%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 18 $6,400,000 $355,556 $4,745 4.19%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $5,115,000 $5,115,000 $0 3.75%
STOCKTON, CA (FHA|USDA|VA) 8 $3,070,000 $383,750 $4,278 4.05%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $8,504 4.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $2,795,000 $559,000 $4,941 4.38%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,400,000 $350,000 $3,813 4.06%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $0 3.88%
BAKERSFIELD, CA (FHA|USDA|VA) 6 $1,180,000 $196,667 $3,015 3.79%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,040,000 $260,000 $4,215 4.22%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $840,000 $420,000 $3,906 4.00%
MADERA, CA (FHA|USDA|VA) 2 $530,000 $265,000 $0 4.75%
MERCED, CA (FHA|USDA|VA) 2 $520,000 $260,000 $0 4.25%
SALINAS, CA (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.38%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $470,000 $235,000 $4,889 3.69%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $460,000 $230,000 $4,028 3.94%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $375,000 $375,000 $4,236 4.13%
Granbury, TX (FHA|USDA|VA) 1 $355,000 $355,000 $4,764 4.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $345,000 $345,000 $0 4.38%
REDDING, CA (FHA|USDA|VA) 1 $345,000 $345,000 $0 4.25%
Ukiah, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,481 4.00%
Outside of Metro Areas 1 $285,000 $285,000 $0 3.88%
Oak Harbor, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.13%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $275,000 $275,000 $3,423 3.75%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.75%
LONGVIEW, WA (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.88%
Pahrump, NV (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.13%
GLENS FALLS, NY (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.88%
Clearlake, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.50%
MODESTO, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.13%
ITHACA, NY (FHA|USDA|VA) 1 $175,000 $175,000 $4,582 3.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,335 4.13%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $105,000 $105,000 $3,523 3.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.38%

Cathay Bank's top markets include New York, Los Angeles, San Francisco, Seattle, and Riverside among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,035 $1,322,235,000 $649,747 $5,472 4.03%

For the 2021 period, Cathay Bank's most frequently originated loan type of loans were Conventional, with 2,035 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,338 $852,440,000 $637,100 $5,703 4.08%
Refi 305 $151,735,000 $497,492 $4,556 3.90%
Other 229 $87,555,000 $382,336 $4,138 3.99%
Cash Out Refi 153 $225,645,000 $1,474,804 $5,506 3.93%
Home Improvement 10 $4,860,000 $486,000 $5,843 3.95%

For the 2021, Cathay Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,338 originations. The 2nd most popular reason of loans were Refi, with 305 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 2,035 $1,322,235,000 $649,747 $5,472 4.03%

For the 2021, Cathay Bank's most frequently cited loan length of loans were Other, with 2,035 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,101 $621,435,000 $564,428
$2k-3k 27 $9,075,000 $336,111
$3k-4k 23 $13,345,000 $580,217
$5k+ 9 $11,695,000 $1,299,444
$1k-2k 8 $1,610,000 $201,250

$0 of loans were Cathay Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,101 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
4-5% 1,171 $667,005,000 $569,603
3-4% 787 $550,815,000 $699,892
2.5-3% 47 $25,855,000 $550,106
<2.5% 20 $71,780,000 $3,589,000
5-6% 7 $5,305,000 $757,857

During 2021, Cathay Bank's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 4-5%, with 1,171 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 649 $196,175,000 $302,273 $4,672 4.00%
$400k-600k 589 $287,425,000 $487,988 $5,362 4.01%
$600k-1MM 409 $307,885,000 $752,775 $6,230 4.07%
$1MM+ 244 $507,680,000 $2,080,656 $7,655 4.05%
$100k-200k 134 $22,300,000 $166,418 $3,888 4.08%
$100,000 or less 10 $770,000 $77,000 $2,669 4.03%

2021 saw Cathay Bank place emphasis on $200k-400k loans with 649 originations, totaling $196,175,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 257 $106,345,000 $413,794 $5,582 3.98%
$150k-250k 188 $99,850,000 $531,117 $5,942 3.96%
$75k-100k 125 $42,725,000 $341,800 $5,386 3.87%
$250k+ 62 $47,880,000 $772,258 $6,653 4.12%
$50k-75k 40 $11,810,000 $295,250 $4,601 3.63%
$50k or less 23 $6,025,000 $261,957 $2,821 3.08%

Cathay Bank lent most frequently to those with incomes in the $100k-150k range, with 257 originations. The second most popular income band? $150k-250k, with 188 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 208 $100,130,000 $481,394 $5,747 3.95%
20-30% 131 $56,565,000 $431,794 $5,337 4.01%
<20% 53 $17,965,000 $338,962 $4,846 4.15%
37% 50 $20,350,000 $407,000 $5,328 3.90%
36% 39 $16,625,000 $426,282 $5,516 3.91%
39% 27 $13,375,000 $495,370 $5,968 4.07%
38% 25 $13,045,000 $521,800 $5,954 4.02%
42% 23 $11,045,000 $480,217 $5,671 3.88%
40% 23 $11,225,000 $488,043 $5,803 3.98%
41% 20 $11,100,000 $555,000 $5,963 3.89%
43% 18 $8,730,000 $485,000 $5,500 3.92%
44% 14 $6,040,000 $431,429 $5,599 3.92%
50-60% 14 $4,950,000 $353,571 $2,901 2.87%
46% 12 $6,320,000 $526,667 $5,345 3.42%
45% 10 $4,160,000 $416,000 $5,518 3.73%
49% 10 $2,850,000 $285,000 $3,921 3.63%
47% 9 $5,055,000 $561,667 $8,962 3.54%
48% 9 $4,895,000 $543,889 $4,921 3.38%
>60% 3 $1,255,000 $418,333 $3,387 4.13%

Cathay Bank lent most frequently to those with DTI ratios of 30-36%, with 208 originations. The next most common DTI ratio? 20-30%, with 131 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Chinese 1,360 $716,490,000 $526,831 $5,528 4.07%
Not applicable 260 $389,190,000 $1,496,885 $0 3.96%
Asian 171 $82,035,000 $479,737 $5,659 4.06%
Not provided 121 $64,065,000 $529,463 $4,916 3.76%
White 39 $26,125,000 $669,872 $4,684 3.88%
Vietnamese 31 $15,395,000 $496,613 $4,721 3.91%
Other Asian 24 $14,210,000 $592,083 $5,606 4.06%
Asian Indian 12 $6,910,000 $575,833 $6,945 4.25%
Korean 8 $4,210,000 $526,250 $6,745 4.16%
Japanese 5 $2,195,000 $439,000 $3,922 4.20%
American Indian 2 $820,000 $410,000 $7,642 4.25%
Filipino 2 $590,000 $295,000 $4,429 3.69%

Approval Rates

Total approvals of all applications
86.81%

Cathay Bank has an average approval rate.

Pick Rate

Approvals leading to origination
81.85%

Cathay Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,035 $1,322,235,000 $649,747

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,035 $1,322,235,000 $649,747

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 238 $94,670,000 $397,773 $4,704 3.95%
40-60% 588 $357,690,000 $608,316 $5,515 3.97%
60-80% 1,119 $834,485,000 $745,742 $5,701 4.12%
80-100% 39 $18,455,000 $473,205 $3,040 2.74%
Under 20% 51 $16,935,000 $332,059 $4,971 4.05%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
CATHAY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
CATHAY BANK Conventional home mortgage Trouble during payment process 2 50.0%
CATHAY BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Cathay Bank 2001 Coit Road, Suite 160 Plano, TX 75075 Full Service B&M $171,646
Cathay Bank 10480 S. De Anza Blvd Cupertino, CA 95014 Full Service B&M $820,176
Cathay Bank 1095 El Camino Real Millbrae, CA 94030 Full Service B&M $245,357
Cathay Bank 1195 South Diamond Bar Blvd Diamond Bar, CA 91765 Full Service B&M $383,523
Cathay Bank 1250 South Fullerton Road City Of Industry, CA 91748 Full Service B&M $809,043
Cathay Bank 13238 Ne 20th Street, Suite 200 Bellevue, WA 98005 Full Service B&M $232,052
Cathay Bank 15323 Culver Drive Irvine, CA 92604 Full Service B&M $767,764
Cathay Bank 41-48 Main Street Flushing, NY 11355 Full Service B&M $260,992
Cathay Bank 43 East Valley Boulevard Alhambra, CA 91801 Full Service B&M $211,079
Cathay Bank 45 East Broadway New York, NY 10002 Full Service B&M $226,474
Cathay Bank 46324 Warm Springs Blvd Suite 707 Fremont, CA 94538 Full Service B&M $206,817
Cathay Bank 4688 Convoy Street, San Diego, CA 92111 Full Service B&M $166,988
Cathay Bank 4860 Irvine Blvd., Suite 100 Irvine, CA 92620 Full Service B&M $74,182
Cathay Bank 4970 Freeport Boulevard Sacramento, CA 95822 Full Service B&M $57,773
Cathay Bank 5000 University Way Ne Seattle, WA 98105 Full Service B&M $45,331
Cathay Bank 5351 University Dr Irvine, CA 92612 Full Service B&M $583,831
Cathay Bank 540 Montgomery Street San Francisco, CA 94111 Full Service B&M $88,302
Cathay Bank 5402 Eighth Avenue Brooklyn, NY 11220 Full Service B&M $159,031
Cathay Bank 82-62 Broadway New York City, NY 11373 Full Service B&M $105,553
Cathay Bank 825 East Valley Boulevard San Gabriel, CA 91776 Full Service B&M $588,905
Cathay Bank 9045 Corbin Avenue #100 Northridge, CA 91324 Full Service B&M $322,324
Cathay Bank 9055 Las Tunas Drive, Suite 115 Temple City, CA 91780 Full Service B&M $59,901
Cathay Bank 9121 Bolsa Avenue Westminster, CA 92683 Full Service B&M $167,646
Cathay Bank 919 Clement Street San Francisco, CA 94118 Full Service B&M $82,231
Cathay Bank 9440 Bellaire Boulevard, Suite 118 Houston, TX 77036 Full Service B&M $171,024
Cathay Bank 9650 Flair Drive El Monte, CA 91731 Full Service B&M $252,759
Cathay Bank 9759 Baseline Road Rancho Cucamonga, CA 91730 Full Service B&M $139,162
Cathay Bank 159 Canal Street New York, NY 10002 Full Service B&M $184,534
Cathay Bank 16-18 East Broadway New York City, NY 10002 Full Service B&M $163,435
Cathay Bank 1701 Decoto Road Union City, CA 94587 Full Service B&M $140,009
Cathay Bank 1708 Oakland Road, Suite 400 San Jose, CA 95131 Full Service B&M $73,129
Cathay Bank 17432 Colima Road Rowland Heights, CA 91748 Full Service B&M $559,375
Cathay Bank 1759 North Milpitas Boulevard Milpitas, CA 95035 Full Service B&M $220,998
Cathay Bank 1775 Route 27 Edison, NJ 8817 Full Service B&M $87,812
Cathay Bank 17860 Newhope Street, Suite 104 Fountain Valley, CA 92708 Full Service B&M $234,267
Cathay Bank 18230 East Valley Highway, Suite 120 Kent, WA 98032 Full Service B&M $186,440
Cathay Bank 18643 South Pioneer Boulevard Artesia, CA 90701 Full Service B&M $475,895
Cathay Bank 2000a South Grove Avenue, Suite 103, The Grove Ontario Business Center Ontario, CA 91761 Full Service B&M $179,982
Cathay Bank 601 North Atlantic Boulevard Alhambra, CA 91801 Full Service B&M $182,167
Cathay Bank 6110 Spring Mountain Road Las Vegas, NV 89146 Full Service B&M $59,753
Cathay Bank 621 South Lane Street Seattle, WA 98104 Full Service B&M $173,957
Cathay Bank 621 Washington Street Boston, MA 2111 Full Service B&M $110,003
Cathay Bank 635-637 West Duarte Rd Arcadia, CA 91007 Full Service B&M $426,936
Cathay Bank 650 Hungerford Dr Rockville, MD 20850 Full Service B&M $92,501
Cathay Bank 665 Pasquinelli Drive #b104 Westmont, IL 60559 Full Service B&M $168,300
Cathay Bank 6912 18th Avenue Brooklyn, NY 11204 Full Service B&M $55,367
Cathay Bank 710 Webster Street Oakland, CA 94607 Full Service B&M $144,876
Cathay Bank 7190 Regional St., Dublin, CA 94568 Full Service B&M $134,678
Cathay Bank 777 North Broadway Street Los Angeles, CA 90012 Full Service B&M $1,910,365
Cathay Bank 2010 Tully Road San Jose, CA 95122 Full Service B&M $139,973
Cathay Bank 222 West Cermak Road Chicago, IL 60616 Full Service B&M $401,343
Cathay Bank 2263 North Tustin Street Orange, CA 92865 Full Service B&M $224,986
Cathay Bank 23211 Hawthorne Boulevard, Suite 108 Torrance, CA 90505 Full Service B&M $273,085
Cathay Bank 235 5th Ave New York, NY 10016 Full Service B&M $181,711
Cathay Bank 250 South Atlantic Boulevard Monterey Park, CA 91754 Full Service B&M $1,032,883
Cathay Bank 2672 East Garvey Avenue South West Covina, CA 91791 Full Service B&M $107,521
Cathay Bank 3288 Pierce Street, Suite D101 Richmond, CA 94804 Full Service B&M $108,225
Cathay Bank 36-54 Main Street Flushing, NY 11354 Full Service B&M $116,959
Cathay Bank 40-14/16 Main Street Flushing, NY 11354 Full Service B&M $393,303

For 2021, Cathay Bank had 59 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $667,104
Net interest income $603,258
Total noninterest income $52,045
Gross Fiduciary activities income $0
Service charges on deposit accounts $5,454
Trading account gains and fees $0
Additional Noninterest Income $46,591
Pre-tax net operating income $388,436
Securities gains (or losses, -) $-695
Income before extraordinary items $302,375
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $302,375
Minority interest net income $0
Net income $302,375
Sale, conversion, retirement of capital stock, net $5,961
Net operating income $302,924

Cathay Bank's gross interest income from loans was $667,104,000.
Cathay Bank's net interest income from loans was $603,258,000.
Cathay Bank's fee based income from loans was $5,454,000.
Cathay Bank's net income from loans was $302,375,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $63,846
Provision for credit losses $-16,008
Total noninterest expense $282,875
Salaries and employee benefits $132,795
Premises and equipment expense $25,701
Additional noninterest expense $124,379
Applicable income taxes $85,366
Net charge-offs $17,612
Cash dividends $230,000

Cathay Bank's interest expense for loans was $63,846,000.
Cathay Bank's payroll and benefits expense were $132,795,000.
Cathay Bank's property, plant and equipment expenses $25,701,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $18,079,241
Deposits held in domestic offices $17,848,394
Deposits by Individuals, partnerships, and corporations $16,566,232
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $617,817
Deposits by Commercial banks and other depository institutions in U.S. $662
Deposits by Banks in foreign countries $663,683
Deposits by Foreign governments and official institutions $0
Transaction accounts $752,616
Demand deposits $724,390
Nontransaction accounts $17,095,778
Money market deposit accounts (MMDAs) $10,872,612
Other savings deposits (excluding MMDAs) $868,234
Total time deposits $5,354,931
Total time and savings deposits $17,124,004
Noninterest-bearing deposits $4,491,207
Interest-bearing deposits $13,357,187
Retail deposits $14,813,823
IRAs and Keogh plan accounts $107,000
Brokered deposits $393,966
Deposits held in foreign offices $230,847

Assets

Asset Value (in 000's)
Total Assets $20,872,611
Cash & Balances due from depository institutions $2,448,632
Interest-bearing balances $2,314,492
Total securities $1,134,110
Federal funds sold & reverse repurchase $0
Net loans and leases $16,213,703
Loan and leases loss allowance $136,157
Trading account assets $0
Bank premises and fixed assets $125,673
Other real estate owned $4,368
Goodwill and other intangibles $376,815
All other assets $569,310

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $20,872,611
Total Liabilities $18,341,761
Total deposits $18,079,241
Interest-bearing deposits $13,567,134
Deposits held in domestic offices $17,848,394
% insured (estimated) $46
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $73,839
Subordinated debt $0
All other liabilities $188,681

Issued Loan Types

Type Value (in 000's)
Net loans and leases $16,213,703
Loan and leases loss allowance $136,157
Total loans and leases (domestic) $16,349,860
All real estate loans $13,436,589
Real estate loans in domestic offices $13,285,152
Construction and development loans $696,348
Residential 1-4 family construction $23,867
Other construction, all land development and other land $672,481
Loans secured by nonfarm nonresidential properties $5,508,082
Nonfarm nonresidential secured by owner-occupied properties $1,358,277
Commercial real estate & other non-farm, non-residential $4,149,805
Multifamily residential real estate $1,401,687
1-4 family residential loans $5,679,035
Farmland loans $0
Loans held in foreign offices $151,437
Farm loans $0
Commercial and industrial loans $2,724,011
To non-U.S. addressees $123,904
Loans to individuals $4,129
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $4,129
All other loans & leases $185,131
Loans to foreign governments and official institutions $0
Other loans $185,131
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $111,169
Loans secured by real estate to non-U.S. addressees $1,158,063
Restructured Loans & leases $12,152
Non 1-4 family restructured loans & leases $8,643
Total loans and leases (foreign) $275,341

Cathay Bank had $16,213,703,000 of loans outstanding in 2021. $13,436,589,000 of loans were in real estate loans. $696,348,000 of loans were in development loans. $1,401,687,000 of loans were in multifamily mortgage loans. $5,679,035,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 1,317 $641,646 $487,203
Nonfarm, nonresidential loans - <$100k 6 $352 $58,667
Nonfarm, nonresidential loans - $100-250k 107 $16,673 $155,822
Nonfarm, nonresidential loans - $250k-1MM 1,204 $624,621 $518,788
Commercial & Industrial, US addressed loans - <$1MM 1,740 $216,441 $124,391
Commercial & Industrial, US addressed loans - <$100k 973 $33,927 $34,868
Commercial & Industrial, US addressed loans - $100-250k 481 $65,236 $135,626
Commercial & Industrial, US addressed loans - $250k-1MM 286 $117,278 $410,063