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777 North Broadway Street
Los Angeles, CA 90012

Cathay Bank is headquartered in Los Angeles and is the 9th largest bank in the state of California. It is also the 103rd largest bank in the nation. It was established in 1962 and as of March of 2014, it had grown to 1,107 employees at 54 locations. Cathay Bank's money market rates are 59% higher than the national average, and it boasts a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 Cathay Bank had $114.51 million in non-current loans and owned real-estate with $1.73 billion in equity and loan loss allowances on hand to cover it. This gives Cathay Bank a Texas Ratio of 6.60% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Cathay Bank decreased slightly from 8.04% as of March 31, 2013 to 6.60% as of March 31, 2014, resulting in a positive change of 17.83%.This indicates that the balance sheet and financial strength for Cathay Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Cathay Bank has increased its total deposits by $815.39 million, resulting in 10.94% 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 Cathay Bank has shown is excellent.



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. Cathay Bank has $11.28 billion in assets with $1.73 billion in equity, resulting in a capitalization level of 15.37%, which is excellent.

Institution Statistics

FDIC Certificate #18503
Year Established1962
Primary RegulatorFDIC
Assets and Liabilities
Assets$11.28 billion
Loans$8.12 billion
Deposits$8.27 billion
Equity Capital$1.56 billion
Loan Loss Allowance$169.14 million
Unbacked Noncurrent Loans$69.65 million
Real Estate Owned$44.85 million
Historic Data - March 2013
Assets$10.51 billion
Equity Capital$1.62 billion
Loan Loss Allowance$178.69 million
Unbacked Noncurrent Loans$69.65 million
Real Estate Owned$45.32 million
Profit Margin - Quarterly
Net Interest Margin3.29%
Return on Assets1.14%
Return on Equity8.2%
Interest Income$101.33 million

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Cathay Bank Savings Account Rates

0.20%--Student Savings
0.20%--Statement Savings
0.20%--Security Savings
0.20%--Passbook Savings

Cathay Bank Money Market Rates

0.70%$3m-Optima Money Market
0.60%$3m-Smart Money Market

Cathay Bank Checking Account Rates

0.20%$25k-Cathay ValuePlus

Cathay Bank CD Rates

0.90%$2,500$100k3 Year - 60 Month CD
0.70%$2,500$100k2 Year - 35 Month CD
0.50%$2,500$100k1 Year - 23 Month CD
0.35%$2,500$100k180 - 364 Day CD
0.20%$50k$100k90 - 179 Day CD
0.15%$50k$100k32 - 89 Day CD
0.10%$50k$100k7 - 31 Day CD

Cathay Bank has 50 locations. Click to view all Cathay Bank locations.