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 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, San Francisco, Seattle, and Riverside among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cathay Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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

    2,035

    Origination Dollar Volume (All Markets)

    $1,322,235,000

    Employee count

    1,170

    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) 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.

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

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    N C P D Federal Credit Union
    Similarity Rank: 102
    Liberty Bank for Savings
    Similarity Rank: 153
    Sharon & Crescent United Credit Union
    Similarity Rank: 335
    Schuyler Savings Bank
    Similarity Rank: 352
    Christian Community Credit Union
    Similarity Rank: 354
    AMOCO
    Similarity Rank: 405
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,772 $1,220,130,000 $688,561 $5,472 4.04%
    HELOC 263 $102,105,000 $388,232 n/a 3.97%

    For 2021, Cathay Bank's most frequently originated type of loan was Conventional, with 1,772 originations. Their 2nd most popular type was HELOC, with 263 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Cathay Bank's most frequently cited loan purpose was Home Purchase, with 1,338 originations. The 2nd most popular reason was 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 2021, Cathay Bank's most frequently cited loan duration was Other, with 2,035 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,101 $621,435,000 $564,428
    $2k-3k 27 $9,075,000 $336,111
    $3k-4k 14 $7,300,000 $521,429
    $4k-5k 9 $6,045,000 $671,667
    $5k+ 9 $11,695,000 $1,299,444
    $1k-2k 8 $1,610,000 $201,250

    Cathay Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was 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
    92.50%

    Cathay Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.86%

    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 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 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 2001 Coit Road, Suite 160 Plano, TX 75075 Full Service B&M $171,646
    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
    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 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 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

    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