Asian Bank

815-837 Arch Street
Philadelphia, PA 19107
215-592-1188
www.theasianbank.com

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Asian Bank is headquartered in Philadelphia and is the 189^th largest bank in the state of Pennsylvania. It is also the 5,777^th largest bank in the nation. It was established in 1999 and as of December of 2011, it had grown to 22 employees at 1 location. Asian Bank's CD rates are 22% higher than the national average, and it has a 4-star health rating.

Asian Bank Routing Number: 036018516

2.40 18-Month CD at Asian Bank in Philadelphia - Local Only - 8/10/2009

Asian Bank has two new CD promotions. These include a 2.40% APY 18-month CD and a 2.10% APY 12-month CD. These rates are listed at the bank's promotions page as of 8/10/09. Minimum deposit is $1,000.My last post on this bank was in June when they were...

2.65% 15-Month CD at Asian Bank in Philadelphia - Local Only - 6/16/2009

Update 8/10/09: The CD rates have fallen. Please check the bank's website for the latest rates.Asian Bank is offering a competitive 15-month CD special with a 2.65% APY. Minimum deposit is $1,000. This rate is listed at the bank's promotions page as of...

4.35% 15-Month / 4.05% 10-Month CD at a Philadelphia Bank (Asian Bank) - 7/22/2008

Update 6/15/09: The CD rates have fallen. Current CD special is a 2.65% APY 15-month CD. Please refer to the bank's website for the latest rates.Asian Bank has added another special CD to its promotions. In addition to a 4.05% APY 10-month CD that I...

4.05% 10-Month CD at a Philadelphia Bank (Asian Bank). - 6/11/2008

Asian Bank is offering a special 4.05% APY 10-month CD. The minimum deposit is $10,000. There's also a less-competitive special CD with a yield of 3.50% APY and a term of 3 years.A branch visit is likely required to open the CD. Asian Bank is a...

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See Rates for: Checking | Savings | Money Market | CD

Asian Bank Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$500	-	Premier Checking Account

Asian Bank Savings Account Rates

	Apy	Min	Max	Product
	0.25%	$250	-	Statement Savings Account

Asian Bank Money Market Rates

Apy	Min	Max	Product
0.50%	$100k	-	Money Market Account
0.50%	$1k	$10k	Business Money Market Account

Asian Bank CD Rates

Apy	Min	Max	Product
2.10%	-	-	60 Month CD
1.70%	-	-	48 Month CD
1.50%	-	-	36 Month CD
1.35%	-	-	24 Month CD
1.20%	-	-	30 Month CD
1.10%	-	-	12 Month CD
0.80%	-	-	15 Month CD
0.60%	-	-	7 Month CD
0.60%	-	-	10 Month CD
0.60%	-	-	5 Month CD
0.60%	-	-	6 Month CD

Rates updated: 5/22/2012

Data for Q4 2011

Institution Statistics

Asian Bank
FDIC Certificate #	34759
BankRate Report	View
Year Established	1999
Employees	22
Primary Regulator	FED
Assets and Liabilities
Assets	$70.14 million
Loans	$50.14 million
Deposits	$61.85 million
Equity Capital	$5.90 million
Loan Loss Allowance	$966,000
Unbacked Noncurrent Loans	$1.61 million
Real Estate Owned	$188,000
Historic Data - December 2010
Assets	$68.59 million
Equity Capital	$3.39 million
Loan Loss Allowance	$1.25 million
Unbacked Noncurrent Loans	$1.70 million
Real Estate Owned	$604,000
Profit Margin - Quarterly
Net Interest Margin	4.1%
Return on Assets	-0.13%
Return on Equity	-1.7%
Interest Income	$3.43 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Asian Bank had $1.8 million in non-current loans and owned real-estate with $6.86 million in equity and loan loss allowances on hand to cover it. This gives Asian Bank a Texas Ratio of 26.20% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Asian Bank decreased significantly from 48.05% as of December 31, 2010 to 26.20% as of December 31, 2011, resulting in a positive change of 45.47%.This indicates that the balance sheet and financial strength for Asian Bank has improved significantly in recent periods.
Deposit Growth
In the past year, Asian Bank has increased its total deposits by $3.22 million, resulting in 5.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Asian Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Asian Bank has $70.14 million in assets with $6.86 million in equity, resulting in a capitalization level of 9.78%, which is average.

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Asian Bank

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