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: Los Angeles, New York, San Francisco, Seattle, and Riverside among others. We have data for 38 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% 4/18/24
    30 Year Conventional Refi 6.60% 4/18/24
    30 Year Cash-out Refi 6.63% 4/18/24
    15 Year Conventional Purchase 6.63% 4/18/24
    15 Year Conventional Refi 6.64% 4/18/24
    15 Year Cash-out Refi 6.64% 4/18/24
    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

    1,992

    Origination Dollar Volume (All Markets)

    $1,235,220,000

    Employee count

    1,205

    Awards

    Cathay Bank 30 Year Conventional Loans silver Cathay Bank 30 Year Conventional Loans gold
    Show all (2) 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 561 $452,725,000 $806,996 $4,855 4.15%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 675 $397,475,000 $588,852 $6,071 4.22%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 132 $90,720,000 $687,273 $4,481 4.20%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 122 $67,640,000 $554,426 $3,953 4.14%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 144 $57,350,000 $398,264 $4,114 4.15%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 68 $56,570,000 $831,912 $3,920 4.15%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 57 $17,765,000 $311,667 $4,001 4.17%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 21 $15,865,000 $755,476 $4,083 4.23%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 47 $13,685,000 $291,170 $2,503 3.51%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 31 $13,325,000 $429,839 $4,882 4.03%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 43 $12,925,000 $300,581 $4,346 4.28%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 18 $10,690,000 $593,889 $4,612 4.18%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 21 $5,905,000 $281,190 $3,237 4.15%
    RENO, NV (FHA|USDA|VA) 2 $4,060,000 $2,030,000 $9,105 4.02%
    STOCKTON, CA (FHA|USDA|VA) 8 $3,010,000 $376,250 $3,529 4.41%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $2,900,000 $1,450,000 $6,012 4.63%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $2,400,000 $600,000 $4,510 4.00%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,770,000 $442,500 $5,278 4.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $1,465,000 $209,286 $3,974 4.39%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $805,000 $805,000 $6,222 5.13%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $665,000 $221,667 $4,112 3.96%
    CHICO, CA (FHA|USDA|VA) 2 $630,000 $315,000 $3,236 4.25%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $620,000 $310,000 $4,265 4.19%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $590,000 $295,000 $2,973 4.25%
    Centralia, WA (FHA|USDA|VA) 1 $435,000 $435,000 $3,320 4.50%
    Clearlake, CA (FHA|USDA|VA) 2 $390,000 $195,000 $3,247 4.44%
    Ukiah, CA (FHA|USDA|VA) 1 $385,000 $385,000 $5,521 4.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,865 4.25%
    Outside of Metro Areas 1 $255,000 $255,000 $3,197 4.50%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $255,000 $255,000 $3,441 4.25%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $245,000 $245,000 $3,194 4.38%
    VISALIA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.63%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.38%
    FRESNO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $2,931 3.13%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $185,000 $185,000 $3,419 4.13%
    SYRACUSE, NY (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $3,671 4.25%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $155,000 $155,000 $4,302 4.13%
    Cathay Bank's top markets include Los Angeles, New York, San Francisco, Seattle, and Riverside 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.

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    Glenview State Bank
    Similarity Rank: 312
    Liberty Bank for Savings
    Similarity Rank: 312
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,613 $1,060,105,000 $657,226 $5,033 4.18%
    HELOC 379 $175,115,000 $462,045 n/a 4.12%

    For 2020, Cathay Bank's most frequently originated type of loan was Conventional, with 1,613 originations. Their 2nd most popular type was HELOC, with 379 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,111 $637,865,000 $574,136 $5,381 4.23%
    Refi 329 $237,375,000 $721,505 $4,135 4.03%
    Other 307 $137,425,000 $447,638 $3,783 4.16%
    Cash Out Refi 218 $212,260,000 $973,670 $4,711 4.06%
    Home Improvement 27 $10,295,000 $381,296 $4,038 4.13%

    For 2020, Cathay Bank's most frequently cited loan purpose was Home Purchase, with 1,111 originations. The 2nd most popular reason was Refi, with 329 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,543 $853,075,000 $552,868 $4,978 4.20%
    15 Year 261 $116,845,000 $447,682 $5,248 4.03%
    10 Year 154 $150,650,000 $978,247 $0 4.06%
    5 Year 23 $73,655,000 $3,202,391 $0 3.99%
    Other 8 $21,340,000 $2,667,500 $0 4.22%
    3 Year 2 $17,910,000 $8,955,000 $0 4.63%
    1 Year 1 $1,745,000 $1,745,000 $0 4.25%

    For 2020, Cathay Bank's most frequently cited loan duration was 30 Year, with 1,543 originations. The 2nd most popular length was 15 Year, with 261 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 963 $548,405,000 $569,476
    $2k-3k 42 $15,150,000 $360,714
    $3k-4k 42 $23,190,000 $552,143
    $1k-2k 28 $8,720,000 $311,429
    $5k+ 14 $14,940,000 $1,067,143
    $4k-5k 6 $3,620,000 $603,333

    Cathay Bank's average total fees were $4,978, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 963 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,499 $841,805,000 $561,578
    3-4% 401 $351,385,000 $876,272
    2.5-3% 61 $24,495,000 $401,557
    5-6% 19 $13,835,000 $728,158
    <2.5% 12 $3,700,000 $308,333

    During 2020, Cathay Bank's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 4-5%, with 1,499 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 695 $206,305,000 $296,842 $4,236 4.10%
    $400k-600k 504 $243,800,000 $483,730 $5,183 4.22%
    $600k-1MM 402 $305,170,000 $759,129 $5,633 4.23%
    $1MM+ 245 $457,355,000 $1,866,755 $7,077 4.16%
    $100k-200k 134 $21,660,000 $161,642 $3,246 4.15%
    $100,000 or less 12 $930,000 $77,500 $3,356 4.20%

    2020 saw Cathay Bank place emphasis on $200k-400k loans with 695 originations, totaling $206,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 224 $92,710,000 $413,884 $5,540 4.26%
    $150k-250k 166 $85,380,000 $514,337 $5,433 4.24%
    $75k-100k 115 $36,395,000 $316,478 $4,774 4.05%
    $250k+ 107 $82,465,000 $770,701 $6,231 4.28%
    $50k-75k 50 $14,950,000 $299,000 $3,548 3.41%
    $50k or less 30 $9,160,000 $305,333 $2,567 3.33%

    Cathay Bank lent most frequently to those with incomes in the $100k-150k range, with 224 originations. The second most popular income band? $150k-250k, with 166 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 171 $82,075,000 $479,971 $5,502 4.16%
    20-30% 162 $75,290,000 $464,753 $5,105 4.18%
    <20% 80 $30,450,000 $380,625 $5,237 4.26%
    36% 35 $17,145,000 $489,857 $5,587 4.35%
    39% 27 $13,085,000 $484,630 $5,300 4.05%
    37% 25 $12,715,000 $508,600 $5,702 4.12%
    38% 24 $11,160,000 $465,000 $5,274 4.26%
    40% 24 $13,480,000 $561,667 $5,698 4.25%
    41% 21 $10,695,000 $509,286 $5,945 4.36%
    44% 21 $8,965,000 $426,905 $4,453 3.79%
    42% 20 $8,340,000 $417,000 $4,438 3.77%
    50-60% 13 $5,045,000 $388,077 $2,642 2.92%
    43% 12 $6,780,000 $565,000 $4,497 3.76%
    >60% 11 $6,675,000 $606,818 $2,704 4.27%
    49% 10 $3,970,000 $397,000 $4,371 4.08%
    48% 9 $3,005,000 $333,889 $4,240 3.49%
    46% 8 $3,490,000 $436,250 $4,604 3.75%
    47% 7 $2,835,000 $405,000 $3,828 3.75%
    45% 7 $3,435,000 $490,714 $3,896 3.80%

    Cathay Bank lent most frequently to those with DTI ratios of 30-36%, with 171 originations. The next most common DTI ratio? 20-30%, with 162 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,571 $823,555,000 $524,223 $5,095 4.20%
    Not applicable 181 $284,635,000 $1,572,569 $0 4.06%
    Not provided 145 $73,365,000 $505,966 $4,566 3.92%
    White 86 $50,590,000 $588,256 $5,144 4.27%
    Black 7 $2,595,000 $370,714 $4,113 3.79%
    Native Hawaiian or Islander 1 $325,000 $325,000 $3,219 2.88%
    American Indian 1 $155,000 $155,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    82.21%

    Cathay Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.24%

    Cathay Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,992 $1,235,220,000 $620,090

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 54 $188,440,000 $3,489,630
    Single Family (1-4 Units):Site-Built 1,938 $1,046,780,000 $540,134

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 311 $140,095,000 $450,466 $4,821 4.08%
    40-60% 568 $379,860,000 $668,768 $4,817 4.15%
    60-80% 1,001 $681,455,000 $680,774 $5,343 4.26%
    80-100% 39 $13,155,000 $337,308 $2,546 2.78%
    Over 100% 1 $845,000 $845,000 $0 4.25%
    Under 20% 70 $18,670,000 $266,714 $3,291 4.18%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CATHAY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 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 $615,895
    Cathay Bank 1095 El Camino Real Millbrae, CA 94030 Full Service B&M $235,596
    Cathay Bank 1195 South Diamond Bar Blvd Diamond Bar, CA 91765 Full Service B&M $344,352
    Cathay Bank 1250 South Fullerton Road City Of Industry, CA 91748 Full Service B&M $766,575
    Cathay Bank 13238 Ne 20th Street, Suite 200 Bellevue, WA 98005 Full Service B&M $276,115
    Cathay Bank 15323 Culver Drive Irvine, CA 92604 Full Service B&M $721,645
    Cathay Bank 159 Canal Street New York, NY 10002 Full Service B&M $158,221
    Cathay Bank 16-18 East Broadway New York City, NY 10002 Full Service B&M $164,971
    Cathay Bank 1701 Decoto Road Union City, CA 94587 Full Service B&M $143,302
    Cathay Bank 1708 Oakland Road, Suite 400 San Jose, CA 95131 Full Service B&M $66,066
    Cathay Bank 17432 Colima Road Rowland Heights, CA 91748 Full Service B&M $482,403
    Cathay Bank 1759 North Milpitas Boulevard Milpitas, CA 95035 Full Service B&M $180,038
    Cathay Bank 1775 Route 27 Edison, NJ 8817 Full Service B&M $83,023
    Cathay Bank 17860 Newhope Street, Suite 104 Fountain Valley, CA 92708 Full Service B&M $182,794
    Cathay Bank 18230 East Valley Highway, Suite 120 Kent, WA 98032 Full Service B&M $165,097
    Cathay Bank 18643 South Pioneer Boulevard Artesia, CA 90701 Full Service B&M $439,187
    Cathay Bank 2000a South Grove Avenue, Suite 103, The Grove Ontario Business Center Ontario, CA 91761 Full Service B&M $145,700
    Cathay Bank 2001 Coit Road, Suite 160 Plano, TX 75075 Full Service B&M $112,834
    Cathay Bank 2010 Tully Road San Jose, CA 95122 Full Service B&M $128,846
    Cathay Bank 222 West Cermak Road Chicago, IL 60616 Full Service B&M $346,018
    Cathay Bank 2263 North Tustin Street Orange, CA 92865 Full Service B&M $185,844
    Cathay Bank 23211 Hawthorne Boulevard, Suite 108 Torrance, CA 90505 Full Service B&M $263,393
    Cathay Bank 235 5th Ave New York, NY 10016 Full Service B&M $174,626
    Cathay Bank 250 South Atlantic Boulevard Monterey Park, CA 91754 Full Service B&M $1,115,923
    Cathay Bank 2672 East Garvey Avenue South West Covina, CA 91791 Full Service B&M $92,530
    Cathay Bank 3288 Pierce Street, Suite D101 Richmond, CA 94804 Full Service B&M $104,968
    Cathay Bank 36-54 Main Street Flushing, NY 11354 Full Service B&M $122,852
    Cathay Bank 40-14/16 Main Street Flushing, NY 11354 Full Service B&M $373,973
    Cathay Bank 4010 Barranca Parkway, Suite 150 Irvine, CA 92604 Full Service B&M $541,552
    Cathay Bank 41-48 Main Street Flushing, NY 11355 Full Service B&M $230,729
    Cathay Bank 43 East Valley Boulevard Alhambra, CA 91801 Full Service B&M $202,299
    Cathay Bank 45 East Broadway New York, NY 10002 Full Service B&M $229,923
    Cathay Bank 46324 Warm Springs Blvd Suite 707 Fremont, CA 94538 Full Service B&M $297,310
    Cathay Bank 4688 Convoy Street, San Diego, CA 92111 Full Service B&M $159,447
    Cathay Bank 4860 Irvine Blvd., Suite 100 Irvine, CA 92620 Full Service B&M $45,911
    Cathay Bank 4970 Freeport Boulevard Sacramento, CA 95822 Full Service B&M $48,341
    Cathay Bank 5000 North Broadway Chicago, IL 60640 Full Service B&M $28,677
    Cathay Bank 5000 University Way Ne Seattle, WA 98105 Full Service B&M $38,308
    Cathay Bank 540 Montgomery Street San Francisco, CA 94111 Full Service B&M $112,738
    Cathay Bank 5402 Eighth Avenue Brooklyn, NY 11220 Full Service B&M $133,894
    Cathay Bank 601 North Atlantic Boulevard Alhambra, CA 91801 Full Service B&M $165,050
    Cathay Bank 6110 Spring Mountain Road Las Vegas, NV 89146 Full Service B&M $51,519
    Cathay Bank 621 South Lane Street Seattle, WA 98104 Full Service B&M $120,624
    Cathay Bank 621 Washington Street Boston, MA 2111 Full Service B&M $111,461
    Cathay Bank 635-637 West Duarte Rd Arcadia, CA 91007 Full Service B&M $416,898
    Cathay Bank 650 Hungerford Dr Rockville, MD 20850 Full Service B&M $55,533
    Cathay Bank 665 Pasquinelli Drive #b104 Westmont, IL 60559 Full Service B&M $129,368
    Cathay Bank 6912 18th Avenue Brooklyn, NY 11204 Full Service B&M $44,032
    Cathay Bank 710 Webster Street Oakland, CA 94607 Full Service B&M $149,684
    Cathay Bank 7190 Regional St., Dublin, CA 94568 Full Service B&M $99,590
    Cathay Bank 777 North Broadway Street Los Angeles, CA 90012 Full Service B&M $2,734,942
    Cathay Bank 809 So. Atlantic Blvd, #101-102 Monterey Park, CA 91754 Full Service B&M $45,162
    Cathay Bank 82-62 Broadway New York City, NY 11373 Full Service B&M $90,923
    Cathay Bank 825 East Valley Boulevard San Gabriel, CA 91776 Full Service B&M $541,013
    Cathay Bank 9045 Corbin Avenue #100 Northridge, CA 91324 Full Service B&M $241,530
    Cathay Bank 9055 Las Tunas Drive, Suite 115 Temple City, CA 91780 Full Service B&M $39,016
    Cathay Bank 9121 Bolsa Avenue Westminster, CA 92683 Full Service B&M $154,758
    Cathay Bank 919 Clement Street San Francisco, CA 94118 Full Service B&M $75,190
    Cathay Bank 9440 Bellaire Boulevard, Suite 118 Houston, TX 77036 Full Service B&M $153,325
    Cathay Bank 9650 Flair Drive El Monte, CA 91731 Full Service B&M $232,477
    Cathay Bank 9759 Baseline Road Rancho Cucamonga, CA 91730 Full Service B&M $90,640

    For 2020, Cathay Bank had 61 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $701,158
    Net interest income $557,567
    Total noninterest income $46,871
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,850
    Trading account gains and fees $0
    Additional Noninterest Income $42,021
    Pre-tax net operating income $263,970
    Securities gains (or losses, -) $1,187
    Income before extraordinary items $236,344
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $236,344
    Minority interest net income $0
    Net income $236,344
    Sale, conversion, retirement of capital stock, net $5,606
    Net operating income $235,287

    Cathay Bank's gross interest income from loans was $701,158,000.
    Cathay Bank's net interest income from loans was $557,567,000.
    Cathay Bank's fee based income from loans was $4,850,000.
    Cathay Bank's net income from loans was $236,344,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $143,591
    Provision for credit losses $57,500
    Total noninterest expense $282,968
    Salaries and employee benefits $124,022
    Premises and equipment expense $25,467
    Additional noninterest expense $133,479
    Applicable income taxes $28,813
    Net charge-offs $14,186
    Cash dividends $146,000

    Cathay Bank's interest expense for loans was $143,591,000.
    Cathay Bank's payroll and benefits expense were $124,022,000.
    Cathay Bank's property, plant and equipment expenses $25,467,000.

    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 $16,160,276
    Deposits held in domestic offices $15,932,641
    Deposits by Individuals, partnerships, and corporations $15,272,953
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $490,080
    Deposits by Commercial banks and other depository institutions in U.S. $1,655
    Deposits by Banks in foreign countries $167,953
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $578,633
    Demand deposits $453,492
    Nontransaction accounts $15,354,008
    Money market deposit accounts (MMDAs) $8,095,910
    Other savings deposits (excluding MMDAs) $731,699
    Total time deposits $6,526,399
    Total time and savings deposits $15,479,149
    Noninterest-bearing deposits $3,389,216
    Interest-bearing deposits $12,543,425
    Retail deposits $11,905,499
    IRAs and Keogh plan accounts $106,837
    Brokered deposits $1,152,043
    Deposits held in foreign offices $227,635

    Assets

    Asset Value (in 000's)
    Total Assets $19,024,182
    Cash & Balances due from depository institutions $1,418,919
    Interest-bearing balances $1,280,303
    Total securities $1,044,898
    Federal funds sold & reverse repurchase $0
    Net loans and leases $15,504,429
    Loan and leases loss allowance $166,538
    Trading account assets $0
    Bank premises and fixed assets $131,896
    Other real estate owned $4,918
    Goodwill and other intangibles $377,623
    All other assets $541,499

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $19,024,182
    Total Liabilities $16,556,540
    Total deposits $16,160,276
    Interest-bearing deposits $12,744,659
    Deposits held in domestic offices $15,932,641
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $207,198
    Subordinated debt $0
    All other liabilities $189,066

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $15,504,429
    Loan and leases loss allowance $166,538
    Total loans and leases (domestic) $15,670,967
    All real estate loans $12,886,473
    Real estate loans in domestic offices $12,815,902
    Construction and development loans $774,148
    Residential 1-4 family construction $56,283
    Other construction, all land development and other land $717,865
    Loans secured by nonfarm nonresidential properties $5,243,253
    Nonfarm nonresidential secured by owner-occupied properties $1,316,420
    Commercial real estate & other non-farm, non-residential $3,926,833
    Multifamily residential real estate $1,246,969
    1-4 family residential loans $5,551,161
    Farmland loans $371
    Loans held in foreign offices $70,571
    Farm loans $0
    Commercial and industrial loans $2,660,879
    To non-U.S. addressees $209,684
    Loans to individuals $2,564
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $2,564
    All other loans & leases $121,051
    Loans to foreign governments and official institutions $0
    Other loans $120,792
    Loans to depository institutions and acceptances of other banks $259
    Loans not secured by real estate $86,115
    Loans secured by real estate to non-U.S. addressees $1,215,436
    Restructured Loans & leases $27,609
    Non 1-4 family restructured loans & leases $23,382
    Total loans and leases (foreign) $280,255

    Cathay Bank had $15,504,429,000 of loans outstanding in 2020. $12,886,473,000 of loans were in real estate loans. $774,148,000 of loans were in development loans. $1,246,969,000 of loans were in multifamily mortgage loans. $5,551,161,000 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 1,314 $630,900 $480,137
    Nonfarm, nonresidential loans - <$100k 7 $432 $61,714
    Nonfarm, nonresidential loans - $100-250k 108 $16,216 $150,148
    Nonfarm, nonresidential loans - $250k-1MM 1,199 $614,252 $512,304
    Commercial & Industrial, US addressed loans - <$1MM 2,561 $311,089 $121,472
    Commercial & Industrial, US addressed loans - <$100k 1,552 $54,972 $35,420
    Commercial & Industrial, US addressed loans - $100-250k 608 $89,890 $147,845
    Commercial & Industrial, US addressed loans - $250k-1MM 401 $166,227 $414,531
    Farmland loans - <$1MM 1 $371 $371,000
    Farmland loans - $250k-1MM 1 $371 $371,000