Cathay Bank Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: FT6J43S06X6CLJ0R0B48

Tax ID: 95-2156738

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Cathay Bank is a smaller bank specializing in Home Purchase loans. Cathay Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Riverside, San Francisco, and Seattle among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cathay Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cathay Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.53% 11/17/24
    30 Year Conventional Refi 6.60% 11/17/24
    30 Year Cash-out Refi 6.63% 11/17/24
    15 Year Conventional Purchase 6.63% 11/17/24
    15 Year Conventional Refi 6.64% 11/17/24
    15 Year Cash-out Refi 6.64% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Cathay Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Cathay Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,394

    Origination Dollar Volume (All Markets)

    $810,320,000

    Employee count

    1,250 Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 739 $418,895,000 $566,840 $5,771 4.88%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 265 $191,025,000 $720,849 $4,683 4.82%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 148 $54,750,000 $369,932 $3,897 4.78%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 49 $48,985,000 $999,694 $3,753 4.82%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 41 $24,965,000 $608,902 $3,833 4.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 30 $11,720,000 $390,667 $5,740 5.30%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 26 $9,630,000 $370,385 $4,993 4.96%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 11 $8,725,000 $793,182 $3,765 4.84%
    RENO, NV (FHA|USDA|VA) 1 $8,115,000 $8,115,000 $0 4.76%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 12 $8,100,000 $675,000 $3,944 4.99%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 17 $4,335,000 $255,000 $4,404 4.86%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 11 $4,325,000 $393,182 $3,471 4.95%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 16 $4,210,000 $263,125 $3,033 4.82%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $3,420,000 $855,000 $7,861 4.84%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $2,705,000 $541,000 $3,852 4.93%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,655,000 $551,667 $4,646 4.63%
    VALLEJO, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $3,122 5.01%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $870,000 $435,000 $3,239 4.81%
    STOCKTON, CA (FHA|USDA|VA) 2 $730,000 $365,000 $3,423 4.88%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $275,000 $275,000 $3,466 4.63%
    NAPA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $3,101 4.50%
    Centralia, WA (FHA|USDA|VA) 1 $255,000 $255,000 $2,753 4.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,100 4.75%
    FRESNO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $3,986 4.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $215,000 $215,000 $4,641 4.63%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $185,000 $185,000 $4,078 4.38%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $165,000 $165,000 $3,731 4.50%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $155,000 $155,000 $2,540 5.13%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.88%
    Cathay Bank's top markets include New York, Los Angeles, Riverside, San Francisco, and Seattle among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Cathay Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SANTA CLARA COUNTY
    Similarity Rank: 20
    UNITED
    Similarity Rank: 28
    MYPOINT Credit Union
    Similarity Rank: 55
    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Liberty Bank for Savings
    Similarity Rank: 104
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,394 $810,320,000 $581,291 $5,133 4.86%

    For 2018, Cathay Bank's most frequently originated type of loan was Conventional, with 1,394 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,178 $609,580,000 $517,470 $5,292 4.85%
    Cash Out Refi 111 $139,175,000 $1,253,829 $4,311 4.91%
    Refi 81 $47,745,000 $589,444 $3,793 4.87%
    Other 15 $9,365,000 $624,333 $3,994 4.83%
    Home Improvement 9 $4,455,000 $495,000 $4,592 4.88%

    For 2018, Cathay Bank's most frequently cited loan purpose was Home Purchase, with 1,178 originations. The 2nd most popular reason was Cash Out Refi, with 111 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 876 $430,900,000 $491,895 $5,069 4.75%
    15 Year 255 $131,445,000 $515,471 $5,347 4.87%
    10 Year 232 $193,670,000 $834,784 $0 5.32%
    5 Year 15 $17,355,000 $1,157,000 $0 5.33%
    Other 9 $24,165,000 $2,685,000 $0 5.52%
    3 Year 6 $12,100,000 $2,016,667 $0 5.36%
    1 Year 1 $685,000 $685,000 $0 0.00%

    For 2018, Cathay Bank's most frequently cited loan duration was 30 Year, with 876 originations. The 2nd most popular length was 15 Year, with 255 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 781 $388,775,000 $497,791
    $1k-2k 43 $14,115,000 $328,256
    $2k-3k 35 $14,465,000 $413,286
    $3k-4k 24 $12,620,000 $525,833
    $5k+ 4 $3,910,000 $977,500
    $4k-5k 3 $2,225,000 $741,667

    Cathay Bank's average total fees were $5,069, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 781 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 977 $506,865,000 $518,797
    5-6% 345 $229,475,000 $665,145
    3-4% 3 $1,325,000 $441,667
    <2.5% 1 $535,000 $535,000

    During 2018, Cathay Bank's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 977 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 495 $153,485,000 $310,071 $4,522 4.80%
    $400k-600k 445 $213,875,000 $480,618 $5,372 4.83%
    $600k-1MM 257 $193,765,000 $753,949 $6,054 4.96%
    $1MM+ 121 $237,205,000 $1,960,372 $7,115 5.01%
    $100k-200k 75 $11,895,000 $158,600 $3,706 4.86%
    $100,000 or less 1 $95,000 $95,000 $0 4.88%

    2018 saw Cathay Bank place emphasis on $200k-400k loans with 495 originations, totaling $153,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 211 $93,215,000 $441,777 $5,511 4.77%
    $75k-100k 191 $66,665,000 $349,031 $5,029 4.78%
    $150k-250k 141 $73,185,000 $519,043 $5,666 4.78%
    $250k+ 108 $74,890,000 $693,426 $6,048 4.91%
    $50k-75k 90 $24,360,000 $270,667 $4,726 4.76%
    $50k or less 25 $9,945,000 $397,800 $5,096 4.82%

    Cathay Bank lent most frequently to those with incomes in the $100k-150k range, with 211 originations. The second most popular income band? $75k-100k, with 191 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 436 $231,170,000 $530,206 $4,967 4.76%
    30-36% 134 $62,180,000 $464,030 $4,905 4.78%
    20-30% 132 $56,010,000 $424,318 $4,683 4.84%
    40% 49 $22,655,000 $462,347 $5,239 4.78%
    44% 37 $16,885,000 $456,351 $5,284 4.70%
    39% 36 $16,340,000 $453,889 $5,756 4.79%
    36% 31 $13,775,000 $444,355 $5,222 4.81%
    42% 30 $12,560,000 $418,667 $5,368 4.73%
    38% 30 $11,670,000 $389,000 $5,528 4.79%
    43% 29 $12,465,000 $429,828 $5,355 4.73%
    41% 25 $11,405,000 $456,200 $5,302 4.86%
    >60% 24 $10,890,000 $453,750 $5,343 4.74%
    37% 23 $10,835,000 $471,087 $5,302 4.79%
    47% 22 $10,340,000 $470,000 $5,472 4.70%
    46% 21 $9,545,000 $454,524 $5,907 4.80%
    49% 21 $9,525,000 $453,571 $5,556 4.83%
    45% 20 $8,630,000 $431,500 $4,957 4.79%
    48% 13 $6,575,000 $505,769 $5,656 4.66%
    50-60% 13 $5,875,000 $451,923 $5,168 4.87%

    Cathay Bank lent most frequently to those with DTI ratios of <20%, with 436 originations. The next most common DTI ratio? 30-36%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 660 $316,700,000 $479,848 $5,188 4.78%
    Not applicable 243 $250,965,000 $1,032,778 $0 5.34%
    Chinese 416 $197,940,000 $475,817 $5,133 4.78%
    White 31 $21,345,000 $688,548 $5,049 4.78%
    Not provided 10 $6,920,000 $692,000 $4,784 4.58%
    Korean 7 $4,745,000 $677,857 $5,171 4.84%
    Black 11 $3,485,000 $316,818 $3,429 5.04%
    Other Asian 4 $2,610,000 $652,500 $5,598 4.97%
    Vietnamese 4 $2,580,000 $645,000 $4,638 4.84%
    Native Hawaiian or Islander 2 $760,000 $380,000 $3,766 4.56%
    American Indian 1 $685,000 $685,000 $3,361 5.00%
    Filipino 1 $415,000 $415,000 $4,603 4.88%
    Asian Indian 1 $415,000 $415,000 $5,305 4.75%
    Japanese 2 $400,000 $200,000 $0 5.06%
    Native Hawaiian 1 $355,000 $355,000 $2,620 4.75%

    Approval Rates

    Total approvals of all applications
    88.92%

    Cathay Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.30%

    Cathay Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,394 $810,320,000 $581,291

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 80 $137,040,000 $1,713,000
    Single Family (1-4 Units):Site-Built 1,314 $673,280,000 $512,390

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 114 $60,120,000 $527,368 $4,385 4.90%
    40-60% 499 $283,445,000 $568,026 $5,130 4.90%
    60-80% 747 $449,375,000 $601,573 $5,293 4.82%
    80-100% 22 $7,710,000 $350,455 $3,669 4.93%
    Over 100% 2 $4,380,000 $2,190,000 $0 5.30%
    Under 20% 10 $5,290,000 $529,000 $4,749 5.12%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CATHAY BANK Conventional home mortgage Trouble during payment process 1 50.0%
    CATHAY BANK Other type of mortgage Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cathay Bank 10480 S. De Anza Blvd Cupertino, CA 95014 Full Service B&M $599,667
    Cathay Bank 1095 El Camino Real Millbrae, CA 94030 Full Service B&M $165,943
    Cathay Bank 1139 West Huntington Drive Arcadia, CA 91007 Full Service B&M $362,339
    Cathay Bank 1195 South Diamond Bar Blvd Diamond Bar, CA 91765 Full Service B&M $296,216
    Cathay Bank 1250 South Fullerton Road City Of Industry, CA 91748 Full Service B&M $606,881
    Cathay Bank 129 Lafayette Street New York, NY 10013 Full Service B&M $118,298
    Cathay Bank 13238 Ne 20th Street, Suite 200 Bellevue, WA 98005 Full Service B&M $239,368
    Cathay Bank 135-34 Roosevelt Avenue Flushing, NY 11354 Full Service B&M $135,452
    Cathay Bank 14439 Culver Drive Irvine, CA 92604 Full Service B&M $42,586
    Cathay Bank 15323 Culver Drive Irvine, CA 92604 Full Service B&M $555,992
    Cathay Bank 16-18 East Broadway New York City, NY 10002 Full Service B&M $67,842
    Cathay Bank 1701 Decoto Road Union City, CA 94587 Full Service B&M $91,962
    Cathay Bank 1708 Oakland Road, Suite 400 San Jose, CA 95131 Full Service B&M $71,848
    Cathay Bank 17432 Colima Road Rowland Heights, CA 91748 Full Service B&M $355,276
    Cathay Bank 1759 North Milpitas Boulevard Milpitas, CA 95035 Full Service B&M $156,893
    Cathay Bank 1775 Route 27 Edison, NJ 8817 Full Service B&M $54,172
    Cathay Bank 17851 Colima Road, Suite B City Of Industry, CA 91748 Full Service B&M $88,759
    Cathay Bank 17860 Newhope Street, Suite 104 Fountain Valley, CA 92708 Full Service B&M $126,686
    Cathay Bank 18030 East Valley Highway Kent, WA 98032 Full Service B&M $109,601
    Cathay Bank 18643 South Pioneer Boulevard Artesia, CA 90701 Full Service B&M $363,066
    Cathay Bank 2000a South Grove Avenue, Suite 103 Ontario, CA 91761 Full Service B&M $97,785
    Cathay Bank 2001 Coit Road, Suite 160 Plano, TX 75075 Full Service B&M $74,404
    Cathay Bank 2010 Tully Road San Jose, CA 95122 Full Service B&M $73,847
    Cathay Bank 222 West Cermak Road Chicago, IL 60616 Full Service B&M $191,999
    Cathay Bank 2263 North Tustin Street Orange, CA 92865 Full Service B&M $144,253
    Cathay Bank 23 Chatham Square New York City, NY 10038 Full Service B&M $94,059
    Cathay Bank 23211 Hawthorne Boulevard, Suite 108 Torrance, CA 90505 Full Service B&M $248,387
    Cathay Bank 235 5th Ave New York, NY 10016 Full Service B&M $146,749
    Cathay Bank 250 South Atlantic Boulevard Monterey Park, CA 91754 Full Service B&M $858,231
    Cathay Bank 2672 East Garvey Avenue South West Covina, CA 91791 Full Service B&M $78,363
    Cathay Bank 3288 Pierce Street, Suite D101 Richmond, CA 94804 Full Service B&M $99,213
    Cathay Bank 333 Pine Street, Suite 100 San Francisco, CA 94104 Full Service B&M $22,533
    Cathay Bank 36-54 Main Street Flushing, NY 11354 Full Service B&M $84,112
    Cathay Bank 40-14/16 Main Street Flushing, NY 11354 Full Service B&M $321,862
    Cathay Bank 4010 Barranca Parkway, Suite 150 Irvine, CA 92604 Full Service B&M $424,793
    Cathay Bank 41-48 Main Street Flushing, NY 11355 Full Service B&M $171,109
    Cathay Bank 43 East Valley Boulevard Alhambra, CA 91801 Full Service B&M $200,618
    Cathay Bank 45 East Broadway New York, NY 10002 Full Service B&M $113,873
    Cathay Bank 46324 Warm Springs Blvd Suite 707 Fremont, CA 94538 Full Service B&M $172,387
    Cathay Bank 4688 Convoy Street, San Diego, CA 92111 Full Service B&M $130,437
    Cathay Bank 4970 Freeport Boulevard Sacramento, CA 95822 Full Service B&M $70,980
    Cathay Bank 5000 North Broadway Chicago, IL 60640 Full Service B&M $30,318
    Cathay Bank 540 Montgomery Street San Francisco, CA 94111 Full Service B&M $91,148
    Cathay Bank 5402 Eighth Avenue Brooklyn, NY 11220 Full Service B&M $128,496
    Cathay Bank 601 North Atlantic Boulevard Alhambra, CA 91801 Full Service B&M $158,041
    Cathay Bank 6110 Spring Mountain Road Las Vegas, NV 89146 Full Service B&M $57,369
    Cathay Bank 621 South Lane Street Seattle, WA 98104 Full Service B&M $102,017
    Cathay Bank 621 Washington Street Boston, MA 2111 Full Service B&M $77,991
    Cathay Bank 635-637 West Duarte Rd Arcadia, CA 91007 Full Service B&M $62,889
    Cathay Bank 650 Hungerford Dr Rockville, MD 20850 Full Service B&M $62,677
    Cathay Bank 665 Pasquinelli Drive #b104 Westmont, IL 60559 Full Service B&M $124,850
    Cathay Bank 6912 18th Avenue Brooklyn, NY 11204 Full Service B&M $67,083
    Cathay Bank 710 Webster Street Oakland, CA 94607 Full Service B&M $140,776
    Cathay Bank 7190 Regional St., Dublin, CA 94568 Full Service B&M $74,528
    Cathay Bank 777 North Broadway Street Los Angeles, CA 90012 Full Service B&M $1,873,886
    Cathay Bank 809 So. Atlantic Blvd, #101-102 Monterey Park, CA 91754 Full Service B&M $39,945
    Cathay Bank 82-62 Broadway New York City, NY 11373 Full Service B&M $81,469
    Cathay Bank 825 East Valley Boulevard San Gabriel, CA 91776 Full Service B&M $486,795
    Cathay Bank 9045 Corbin Avenue #100 Northridge, CA 91324 Full Service B&M $177,976
    Cathay Bank 9121 Bolsa Avenue Westminster, CA 92683 Full Service B&M $124,915
    Cathay Bank 919 Clement Street San Francisco, CA 94118 Full Service B&M $70,925
    Cathay Bank 9440 Bellaire Boulevard, Suite 118 Houston, TX 77036 Full Service B&M $150,016
    Cathay Bank 9650 Flair Drive El Monte, CA 91731 Full Service B&M $190,299
    Cathay Bank 9759 Baseline Road Rancho Cucamonga, CA 91730 Full Service B&M $54,256

    For 2018, Cathay Bank had 64 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $688,745
    Net interest income $576,500
    Total noninterest income $35,839
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,973
    Trading account gains and fees $0
    Additional Noninterest Income $30,866
    Pre-tax net operating income $353,541
    Securities gains (or losses, -) $-523
    Income before extraordinary items $282,187
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $282,187
    Minority interest net income $0
    Net income $282,187
    Sale, conversion, retirement of capital stock, net $7,324
    Net operating income $282,605

    Cathay Bank's gross interest income from loans was $688,745,000.
    Cathay Bank's net interest income from loans was $576,500,000.
    Cathay Bank's fee based income from loans was $4,973,000.
    Cathay Bank's net income from loans was $282,187,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $112,245
    Provision for credit losses $-4,500
    Total noninterest expense $263,298
    Salaries and employee benefits $124,899
    Premises and equipment expense $27,879
    Additional noninterest expense $110,520
    Applicable income taxes $70,831
    Net charge-offs $-3,612
    Cash dividends $127,825

    Cathay Bank's interest expense for loans was $112,245,000.
    Cathay Bank's payroll and benefits expense were $124,899,000.
    Cathay Bank's property, plant and equipment expenses $27,879,000.

    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 $13,723,105
    Deposits held in domestic offices $13,378,998
    Deposits by Individuals, partnerships, and corporations $12,976,703
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $184,227
    Deposits by Commercial banks and other depository institutions in U.S. $55,681
    Deposits by Banks in foreign countries $162,387
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $339,101
    Demand deposits $311,748
    Nontransaction accounts $13,039,897
    Money market deposit accounts (MMDAs) $5,836,019
    Other savings deposits (excluding MMDAs) $673,383
    Total time deposits $6,530,495
    Total time and savings deposits $13,067,250
    Noninterest-bearing deposits $2,781,953
    Interest-bearing deposits $10,597,045
    Retail deposits $9,768,621
    IRAs and Keogh plan accounts $111,734
    Brokered deposits $902,102
    Deposits held in foreign offices $344,107

    Assets

    Asset Value (in 000's)
    Total Assets $16,764,630
    Cash & Balances due from depository institutions $598,524
    Interest-bearing balances $393,136
    Total securities $1,250,043
    Federal funds sold & reverse repurchase $0
    Net loans and leases $13,895,590
    Loan and leases loss allowance $122,391
    Trading account assets $0
    Bank premises and fixed assets $102,891
    Other real estate owned $9,626
    Goodwill and other intangibles $379,383
    All other assets $528,573

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $16,764,630
    Total Liabilities $14,474,557
    Total deposits $13,723,105
    Interest-bearing deposits $10,845,237
    Deposits held in domestic offices $13,378,998
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $547,298
    Subordinated debt $0
    All other liabilities $204,154

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $13,895,590
    Loan and leases loss allowance $122,391
    Total loans and leases (domestic) $14,017,981
    All real estate loans $11,249,474
    Real estate loans in domestic offices $11,216,560
    Construction and development loans $663,310
    Residential 1-4 family construction $68,434
    Other construction, all land development and other land $594,876
    Loans secured by nonfarm nonresidential properties $5,012,009
    Nonfarm nonresidential secured by owner-occupied properties $1,175,941
    Commercial real estate & other non-farm, non-residential $3,836,068
    Multifamily residential real estate $821,324
    1-4 family residential loans $4,719,517
    Farmland loans $400
    Loans held in foreign offices $32,914
    Farm loans $0
    Commercial and industrial loans $2,639,273
    To non-U.S. addressees $253,491
    Loans to individuals $4,257
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $4,257
    All other loans & leases $126,472
    Loans to foreign governments and official institutions $0
    Other loans $126,358
    Loans to depository institutions and acceptances of other banks $114
    Loans not secured by real estate $90,158
    Loans secured by real estate to non-U.S. addressees $1,215,146
    Restructured Loans & leases $59,730
    Non 1-4 family restructured loans & leases $53,156
    Total loans and leases (foreign) $285,914

    Cathay Bank had $13,895,590,000 of loans outstanding in 2018. $11,249,474,000 of loans were in real estate loans. $663,310,000 of loans were in development loans. $821,324,000 of loans were in multifamily mortgage loans. $4,719,517,000 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 1,395 $660,049 $473,153
    Nonfarm, nonresidential loans - <$100k 10 $590 $59,000
    Nonfarm, nonresidential loans - $100-250k 125 $18,851 $150,808
    Nonfarm, nonresidential loans - $250k-1MM 1,260 $640,608 $508,419
    Commercial & Industrial, US addressed loans - <$1MM 1,015 $198,197 $195,268
    Commercial & Industrial, US addressed loans - <$100k 376 $13,185 $35,066
    Commercial & Industrial, US addressed loans - $100-250k 264 $32,178 $121,886
    Commercial & Industrial, US addressed loans - $250k-1MM 375 $152,834 $407,557
    Farmland loans - <$1MM 1 $400 $400,000
    Farmland loans - $250k-1MM 1 $400 $400,000