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Overview / Commentary
215-592-1188
815-837 Arch Street
Philadelphia, PA 19107

Asian Bank is headquartered in Philadelphia and is the 170th largest bank in the state of Pennsylvania. It is also the 4,959th largest bank in the nation. It was established in 1999 and as of March of 2014, it had grown to 26 employees at 1 location. Asian Bank's money market rates are 14% higher than the national average, and it has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Asian Bank has a relatively low asset base.

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Asian Bank had $2.1 million in non-current loans and owned real-estate with $9.46 million in equity and loan loss allowances on hand to cover it. This gives Asian Bank a Texas Ratio of 22.23% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Asian Bank decreased dramatically from 40.50% as of March 31, 2013 to 22.23% as of March 31, 2014, resulting in a positive change of 45.11%.This indicates that the balance sheet and financial strength for Asian Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Asian Bank has increased its total deposits by $9.55 million, resulting in 13.3% 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

GRADE:
B+

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 $90.7 million in assets with $9.46 million in equity, resulting in a capitalization level of 10.42%, which is above average.

Institution Statistics

Overall
FDIC Certificate #34759
Year Established1999
Employees26
Primary RegulatorFED
Assets and Liabilities
Assets$90.70 million
Loans$63.26 million
Deposits$81.37 million
Equity Capital$8.53 million
Loan Loss Allowance$930,000
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$924,000
Historic Data - March 2013
Assets$79.97 million
Equity Capital$5.88 million
Loan Loss Allowance$1.03 million
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$931,000
Profit Margin - Quarterly
Net Interest Margin3.48%
Return on Assets0.15%
Return on Equity1.62%
Interest Income$907,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Asian Bank, we are a rate comparison website and can not provide official rates or promotions.

Asian Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$25k-Statement Savings Account
0.40%$25k-Business Savings
0.15%$50-Student Savings
0.15%$100-Family Savings
0.01%$500-Secured Credit Card Savings

Asian Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Money Market Account
0.50%$100k-Business Money Market Account

Asian Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Premier Checking Account
0.05%$500-Business NOW

Asian Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.68%$1k-60 Month CD
1.68%$1k-Business 60 Month CD
1.38%$1k-48 Month CD
1.38%$1k-Business 48 Month CD
1.28%$1k-36 Month CD Special
1.28%$1k-Business 36 Month CD Special
1.18%$1k-30 Month CD
1.18%$1k-Business 30 Month CD
1.08%$1k-18 Month CD Special
1.08%$1k-24 Month CD
1.08%$1k-Business 24 Month CD
1.08%$1k-Business 18 Month CD Special
0.80%$1k-10 Month CD Special
0.80%$1k-Business 10 Month CD Special
0.50%$1k-12 Month CD
0.50%$1k-Business 12 Month CD
0.40%$1k-7 Month CD
0.40%$1k-Business 7 Month CD
0.30%$1k-5 Month CD
0.30%$1k-6 Month CD
0.30%$1k-Business 5 Month CD
0.30%$1k-Business 6 Month CD

Asian Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.68%$1k-60 Month IRA CD
1.28%$1k-36 Month IRA CD
1.28%$1k-36 Month IRA CD Special
1.08%$1k-24 Month IRA CD
1.08%$1k-18 Month IRA CD Special
0.50%$1k-12 Month IRA CD
Locations


Asian Bank Locations
Asian Bank815-837 Arch StreetPhiladelphia, PA 19107