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

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  • 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 small 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 37 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

    2,208

    Origination Dollar Volume (All Markets)

    $1,349,780,000

    Employee count

    1,219 Show all (7) 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) 969 $549,695,000 $567,281 $5,869 4.36%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 559 $437,225,000 $782,156 $4,450 4.31%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 216 $83,980,000 $388,796 $3,834 4.33%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 69 $81,095,000 $1,175,290 $4,008 4.27%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 97 $52,075,000 $536,856 $3,634 4.24%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 46 $47,390,000 $1,030,217 $3,341 4.31%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 65 $25,135,000 $386,692 $4,435 4.36%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 36 $14,210,000 $394,722 $4,264 4.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 20 $11,050,000 $552,500 $3,691 4.37%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 23 $8,825,000 $383,696 $3,838 4.38%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $7,920,000 $565,714 $4,210 4.26%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 24 $5,400,000 $225,000 $2,661 4.22%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 21 $5,085,000 $242,143 $4,047 4.20%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $4,325,000 $617,857 $4,111 4.23%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $3,060,000 $1,530,000 $0 4.16%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 8 $1,570,000 $196,250 $4,065 4.17%
    VALLEJO, CA (FHA|USDA|VA) 2 $1,390,000 $695,000 $3,968 4.50%
    STOCKTON, CA (FHA|USDA|VA) 3 $1,385,000 $461,667 $3,158 4.65%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $1,370,000 $342,500 $3,793 4.34%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,250,000 $625,000 $0 4.88%
    RENO, NV (FHA|USDA|VA) 1 $655,000 $655,000 $0 4.08%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $625,000 $625,000 $4,366 4.25%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $590,000 $295,000 $3,245 4.13%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.00%
    Clearlake, CA (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.33%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $480,000 $240,000 $3,132 4.44%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $450,000 $225,000 $2,783 4.31%
    Red Bluff, CA (FHA|USDA|VA) 2 $440,000 $220,000 $2,880 4.63%
    Outside of Metro Areas 1 $415,000 $415,000 $3,616 4.25%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $285,000 $285,000 $3,101 4.13%
    MERCED, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.47%
    MADERA, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,151 4.13%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $225,000 $225,000 $3,589 4.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,459 3.88%
    FRESNO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,920 4.13%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $175,000 $175,000 $3,506 4.63%
    SYRACUSE, NY (FHA|USDA|VA) 1 $95,000 $95,000 $3,195 4.00%
    Cathay Bank's top markets include New York, Los Angeles, Riverside, San Francisco, and Seattle among others.

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

    N C P D Federal Credit Union
    Similarity Rank: 56
    Liberty Bank for Savings
    Similarity Rank: 85
    Schuyler Savings Bank
    Similarity Rank: 104
    Piscataqua Savings Bank
    Similarity Rank: 118
    First Ipswich Bank
    Similarity Rank: 139
    MYPOINT Credit Union
    Similarity Rank: 147
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Christian Community Credit Union
    Similarity Rank: 220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,208 $1,349,780,000 $611,313 $4,947 4.34%

    For 2019, Cathay Bank's most frequently originated type of loan was Conventional, with 2,208 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,693 $897,975,000 $530,405 $5,249 4.33%
    Refi 290 $191,150,000 $659,138 $3,646 4.35%
    Cash Out Refi 168 $235,550,000 $1,402,083 $4,409 4.42%
    Other 41 $18,545,000 $452,317 $3,732 4.20%
    Home Improvement 16 $6,560,000 $410,000 $4,929 4.45%

    For 2019, Cathay Bank's most frequently cited loan purpose was Home Purchase, with 1,693 originations. The 2nd most popular reason was Refi, with 290 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,706 $942,820,000 $552,649 $4,888 4.26%
    15 Year 249 $113,455,000 $455,643 $5,306 4.55%
    10 Year 195 $198,225,000 $1,016,538 $0 4.66%
    5 Year 42 $54,800,000 $1,304,762 $0 4.57%
    Other 12 $32,780,000 $2,731,667 $0 4.75%
    3 Year 4 $7,700,000 $1,925,000 $0 5.40%

    For 2019, Cathay Bank's most frequently cited loan duration was 30 Year, with 1,706 originations. The 2nd most popular length was 15 Year, with 249 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,511 $820,125,000 $542,770
    $2k-3k 45 $22,815,000 $507,000
    $1k-2k 30 $9,460,000 $315,333
    $3k-4k 26 $15,710,000 $604,231
    $4k-5k 8 $5,950,000 $743,750
    $5k+ 7 $6,695,000 $956,429

    Cathay Bank's average total fees were $4,888, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,511 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,596 $947,320,000 $593,559
    3-4% 520 $335,050,000 $644,327
    5-6% 91 $63,685,000 $699,835
    Over 8% 1 $3,725,000 $3,725,000

    During 2019, Cathay Bank's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 4-5%, with 1,596 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 759 $235,645,000 $310,468 $4,267 4.33%
    $400k-600k 660 $320,680,000 $485,879 $5,098 4.34%
    $600k-1MM 435 $323,985,000 $744,793 $5,847 4.34%
    $1MM+ 236 $450,110,000 $1,907,246 $6,131 4.36%
    $100k-200k 115 $19,075,000 $165,870 $3,449 4.35%
    $100,000 or less 3 $285,000 $95,000 $2,937 4.17%

    2019 saw Cathay Bank place emphasis on $200k-400k loans with 759 originations, totaling $235,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 349 $152,015,000 $435,573 $5,449 4.32%
    $150k-250k 270 $149,070,000 $552,111 $5,834 4.38%
    $250k+ 192 $137,860,000 $718,021 $5,539 4.40%
    $75k-100k 181 $58,185,000 $321,464 $4,858 4.28%
    $50k-75k 77 $19,425,000 $252,273 $4,358 4.34%
    $50k or less 18 $5,110,000 $283,889 $3,476 4.24%

    Cathay Bank lent most frequently to those with incomes in the $100k-150k range, with 349 originations. The second most popular income band? $150k-250k, with 270 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 233 $104,375,000 $447,961 $4,918 4.34%
    30-36% 226 $112,420,000 $497,434 $5,103 4.31%
    <20% 144 $63,230,000 $439,097 $5,523 4.37%
    41% 55 $27,395,000 $498,091 $5,605 4.33%
    40% 54 $26,300,000 $487,037 $5,482 4.42%
    38% 53 $28,085,000 $529,906 $5,691 4.32%
    39% 42 $24,300,000 $578,571 $5,681 4.30%
    42% 36 $16,050,000 $445,833 $5,500 4.30%
    37% 36 $18,360,000 $510,000 $5,222 4.42%
    43% 35 $16,485,000 $471,000 $5,554 4.31%
    36% 32 $17,750,000 $554,688 $5,220 4.37%
    44% 27 $12,585,000 $466,111 $5,711 4.38%
    47% 26 $12,400,000 $476,923 $4,997 4.39%
    46% 19 $9,545,000 $502,368 $5,054 4.24%
    45% 19 $8,695,000 $457,632 $5,739 4.34%
    48% 19 $9,415,000 $495,526 $5,914 4.17%
    50-60% 9 $3,775,000 $419,444 $4,618 4.51%
    >60% 9 $3,785,000 $420,556 $4,948 4.51%
    49% 7 $2,675,000 $382,143 $4,758 4.43%

    Cathay Bank lent most frequently to those with DTI ratios of 20-30%, with 233 originations. The next most common DTI ratio? 30-36%, with 226 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,860 $968,480,000 $520,688 $4,952 4.30%
    Not applicable 233 $298,725,000 $1,282,082 $0 4.66%
    Not provided 61 $41,755,000 $684,508 $4,961 4.28%
    White 50 $39,410,000 $788,200 $4,852 4.34%
    Chinese 2 $1,040,000 $520,000 $0 5.06%
    Black 2 $370,000 $185,000 $2,761 4.31%

    Approval Rates

    Total approvals of all applications
    85.32%

    Cathay Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.28%

    Cathay Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,208 $1,349,780,000 $611,313

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 87 $176,175,000 $2,025,000
    Single Family (1-4 Units):Site-Built 2,121 $1,173,605,000 $553,326

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 217 $127,155,000 $585,968 $4,286 4.43%
    40-60% 670 $410,270,000 $612,343 $4,876 4.36%
    60-80% 1,286 $797,640,000 $620,249 $5,133 4.31%
    80-100% 14 $7,750,000 $553,571 $3,774 4.60%
    Over 100% 1 $805,000 $805,000 $0 4.07%
    Under 20% 20 $6,160,000 $308,000 $2,970 4.42%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CATHAY BANK Conventional home mortgage Trouble during payment process 1 50.0%
    CATHAY BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 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 $546,072
    Cathay Bank 1095 El Camino Real Millbrae, CA 94030 Full Service B&M $159,323
    Cathay Bank 1195 South Diamond Bar Blvd Diamond Bar, CA 91765 Full Service B&M $318,084
    Cathay Bank 1250 South Fullerton Road City Of Industry, CA 91748 Full Service B&M $763,309
    Cathay Bank 129 Lafayette Street New York, NY 10013 Full Service B&M $114,706
    Cathay Bank 13238 Ne 20th Street, Suite 200 Bellevue, WA 98005 Full Service B&M $254,277
    Cathay Bank 15323 Culver Drive Irvine, CA 92604 Full Service B&M $612,986
    Cathay Bank 16-18 East Broadway New York City, NY 10002 Full Service B&M $167,586
    Cathay Bank 1701 Decoto Road Union City, CA 94587 Full Service B&M $151,784
    Cathay Bank 1708 Oakland Road, Suite 400 San Jose, CA 95131 Full Service B&M $72,048
    Cathay Bank 17432 Colima Road Rowland Heights, CA 91748 Full Service B&M $435,852
    Cathay Bank 1759 North Milpitas Boulevard Milpitas, CA 95035 Full Service B&M $153,436
    Cathay Bank 1775 Route 27 Edison, NJ 8817 Full Service B&M $63,729
    Cathay Bank 17860 Newhope Street, Suite 104 Fountain Valley, CA 92708 Full Service B&M $148,230
    Cathay Bank 18230 East Valley Highway, Suite 120 Kent, WA 98032 Full Service B&M $121,976
    Cathay Bank 18643 South Pioneer Boulevard Artesia, CA 90701 Full Service B&M $388,626
    Cathay Bank 2000a South Grove Avenue, Suite 103, The Grove Ontario Business Center Ontario, CA 91761 Full Service B&M $129,303
    Cathay Bank 2001 Coit Road, Suite 160 Plano, TX 75075 Full Service B&M $104,193
    Cathay Bank 2010 Tully Road San Jose, CA 95122 Full Service B&M $112,970
    Cathay Bank 222 West Cermak Road Chicago, IL 60616 Full Service B&M $97,328
    Cathay Bank 2263 North Tustin Street Orange, CA 92865 Full Service B&M $136,378
    Cathay Bank 23211 Hawthorne Boulevard, Suite 108 Torrance, CA 90505 Full Service B&M $262,309
    Cathay Bank 235 5th Ave New York, NY 10016 Full Service B&M $175,092
    Cathay Bank 250 South Atlantic Boulevard Monterey Park, CA 91754 Full Service B&M $897,665
    Cathay Bank 2672 East Garvey Avenue South West Covina, CA 91791 Full Service B&M $90,746
    Cathay Bank 3288 Pierce Street, Suite D101 Richmond, CA 94804 Full Service B&M $104,569
    Cathay Bank 333 Pine Street, Suite 100 San Francisco, CA 94104 Full Service B&M $22,639
    Cathay Bank 36-54 Main Street Flushing, NY 11354 Full Service B&M $94,556
    Cathay Bank 40-14/16 Main Street Flushing, NY 11354 Full Service B&M $431,362
    Cathay Bank 4010 Barranca Parkway, Suite 150 Irvine, CA 92604 Full Service B&M $496,578
    Cathay Bank 41-48 Main Street Flushing, NY 11355 Full Service B&M $191,619
    Cathay Bank 43 East Valley Boulevard Alhambra, CA 91801 Full Service B&M $193,149
    Cathay Bank 45 East Broadway New York, NY 10002 Full Service B&M $108,076
    Cathay Bank 46324 Warm Springs Blvd Suite 707 Fremont, CA 94538 Full Service B&M $200,030
    Cathay Bank 4688 Convoy Street, San Diego, CA 92111 Full Service B&M $153,918
    Cathay Bank 4860 Irvine Blvd., Suite 100 Irvine, CA 92620 Full Service B&M $32,515
    Cathay Bank 4970 Freeport Boulevard Sacramento, CA 95822 Full Service B&M $72,793
    Cathay Bank 5000 North Broadway Chicago, IL 60640 Full Service B&M $27,437
    Cathay Bank 5000 University Way Ne Seattle, WA 98105 Full Service B&M $19,144
    Cathay Bank 540 Montgomery Street San Francisco, CA 94111 Full Service B&M $113,898
    Cathay Bank 5402 Eighth Avenue Brooklyn, NY 11220 Full Service B&M $127,405
    Cathay Bank 601 North Atlantic Boulevard Alhambra, CA 91801 Full Service B&M $160,022
    Cathay Bank 6110 Spring Mountain Road Las Vegas, NV 89146 Full Service B&M $46,890
    Cathay Bank 621 South Lane Street Seattle, WA 98104 Full Service B&M $122,335
    Cathay Bank 621 Washington Street Boston, MA 2111 Full Service B&M $99,012
    Cathay Bank 635-637 West Duarte Rd Arcadia, CA 91007 Full Service B&M $447,325
    Cathay Bank 650 Hungerford Dr Rockville, MD 20850 Full Service B&M $73,330
    Cathay Bank 665 Pasquinelli Drive #b104 Westmont, IL 60559 Full Service B&M $103,235
    Cathay Bank 6912 18th Avenue Brooklyn, NY 11204 Full Service B&M $52,443
    Cathay Bank 710 Webster Street Oakland, CA 94607 Full Service B&M $207,655
    Cathay Bank 7190 Regional St., Dublin, CA 94568 Full Service B&M $83,060
    Cathay Bank 777 North Broadway Street Los Angeles, CA 90012 Full Service B&M $2,269,453
    Cathay Bank 809 So. Atlantic Blvd, #101-102 Monterey Park, CA 91754 Full Service B&M $42,994
    Cathay Bank 82-62 Broadway New York City, NY 11373 Full Service B&M $85,984
    Cathay Bank 825 East Valley Boulevard San Gabriel, CA 91776 Full Service B&M $529,136
    Cathay Bank 9045 Corbin Avenue #100 Northridge, CA 91324 Full Service B&M $215,417
    Cathay Bank 9055 Las Tunas Drive, Suite 115 Temple City, CA 91780 Full Service B&M $27,339
    Cathay Bank 9121 Bolsa Avenue Westminster, CA 92683 Full Service B&M $141,628
    Cathay Bank 919 Clement Street San Francisco, CA 94118 Full Service B&M $78,151
    Cathay Bank 9440 Bellaire Boulevard, Suite 118 Houston, TX 77036 Full Service B&M $141,276
    Cathay Bank 9650 Flair Drive El Monte, CA 91731 Full Service B&M $176,036
    Cathay Bank 9759 Baseline Road Rancho Cucamonga, CA 91730 Full Service B&M $86,510

    For 2019, Cathay Bank had 62 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $769,974
    Net interest income $582,831
    Total noninterest income $37,889
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,648
    Trading account gains and fees $0
    Additional Noninterest Income $33,241
    Pre-tax net operating income $355,296
    Securities gains (or losses, -) $1,532
    Income before extraordinary items $284,052
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $284,052
    Minority interest net income $0
    Net income $284,052
    Sale, conversion, retirement of capital stock, net $6,600
    Net operating income $282,826

    Cathay Bank's gross interest income from loans was $769,974,000.
    Cathay Bank's net interest income from loans was $582,831,000.
    Cathay Bank's fee based income from loans was $4,648,000.
    Cathay Bank's net income from loans was $284,052,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $187,143
    Provision for credit losses $-7,000
    Total noninterest expense $272,424
    Salaries and employee benefits $129,300
    Premises and equipment expense $27,401
    Additional noninterest expense $115,723
    Applicable income taxes $72,776
    Net charge-offs $-7,833
    Cash dividends $238,998

    Cathay Bank's interest expense for loans was $187,143,000.
    Cathay Bank's payroll and benefits expense were $129,300,000.
    Cathay Bank's property, plant and equipment expenses $27,401,000.

    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 1.0%
    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 $14,725,654
    Deposits held in domestic offices $14,361,991
    Deposits by Individuals, partnerships, and corporations $14,011,053
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $264,470
    Deposits by Commercial banks and other depository institutions in U.S. $15,812
    Deposits by Banks in foreign countries $70,656
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $337,450
    Demand deposits $308,874
    Nontransaction accounts $14,024,541
    Money market deposit accounts (MMDAs) $6,095,682
    Other savings deposits (excluding MMDAs) $685,139
    Total time deposits $7,243,720
    Total time and savings deposits $14,053,117
    Noninterest-bearing deposits $2,814,216
    Interest-bearing deposits $11,547,776
    Retail deposits $9,944,815
    IRAs and Keogh plan accounts $104,209
    Brokered deposits $1,331,825
    Deposits held in foreign offices $363,663

    Assets

    Asset Value (in 000's)
    Total Assets $18,066,529
    Cash & Balances due from depository institutions $571,679
    Interest-bearing balances $394,440
    Total securities $1,460,698
    Federal funds sold & reverse repurchase $0
    Net loans and leases $14,998,867
    Loan and leases loss allowance $123,224
    Trading account assets $0
    Bank premises and fixed assets $137,455
    Other real estate owned $7,268
    Goodwill and other intangibles $378,486
    All other assets $512,076

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $18,066,529
    Total Liabilities $15,701,323
    Total deposits $14,725,654
    Interest-bearing deposits $11,821,207
    Deposits held in domestic offices $14,361,991
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $760,578
    Subordinated debt $0
    All other liabilities $215,091

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $14,998,867
    Loan and leases loss allowance $123,224
    Total loans and leases (domestic) $15,122,091
    All real estate loans $12,412,755
    Real estate loans in domestic offices $12,365,587
    Construction and development loans $700,715
    Residential 1-4 family construction $70,966
    Other construction, all land development and other land $629,749
    Loans secured by nonfarm nonresidential properties $5,310,151
    Nonfarm nonresidential secured by owner-occupied properties $1,369,852
    Commercial real estate & other non-farm, non-residential $3,940,299
    Multifamily residential real estate $1,041,294
    1-4 family residential loans $5,313,042
    Farmland loans $385
    Loans held in foreign offices $47,168
    Farm loans $0
    Commercial and industrial loans $2,536,405
    To non-U.S. addressees $258,132
    Loans to individuals $3,924
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $3,924
    All other loans & leases $169,573
    Loans to foreign governments and official institutions $0
    Other loans $154,328
    Loans to depository institutions and acceptances of other banks $15,245
    Loans not secured by real estate $69,743
    Loans secured by real estate to non-U.S. addressees $1,214,407
    Restructured Loans & leases $34,135
    Non 1-4 family restructured loans & leases $28,973
    Total loans and leases (foreign) $319,908

    Cathay Bank had $14,998,867,000 of loans outstanding in 2019. $12,412,755,000 of loans were in real estate loans. $700,715,000 of loans were in development loans. $1,041,294,000 of loans were in multifamily mortgage loans. $5,313,042,000 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 1,421 $682,649 $480,400
    Nonfarm, nonresidential loans - <$100k 6 $356 $59,333
    Nonfarm, nonresidential loans - $100-250k 116 $17,516 $151,000
    Nonfarm, nonresidential loans - $250k-1MM 1,299 $664,777 $511,761
    Commercial & Industrial, US addressed loans - <$1MM 1,015 $180,410 $177,744
    Commercial & Industrial, US addressed loans - <$100k 439 $15,571 $35,469
    Commercial & Industrial, US addressed loans - $100-250k 268 $37,485 $139,869
    Commercial & Industrial, US addressed loans - $250k-1MM 308 $127,354 $413,487
    Farmland loans - <$1MM 1 $385 $385,000
    Farmland loans - $250k-1MM 1 $385 $385,000