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The Industrial and Commercial Bank of China (USA) NA

The Industrial and Commercial Bank of China (USA) NA
Overview / Commentary
212-238-8208
202 Canal Street
New York, NY 10013

The Industrial and Commercial Bank of China (USA) NA is headquartered in New York and is the 40th largest bank in the state of New York. It is also the 559th largest bank in the nation. It was established in 1983 and as of March of 2014, it had grown to 213 employees at 13 locations. The Industrial and Commercial Bank of China (USA) NA has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A

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 The Industrial and Commercial Bank of China (USA) NA had $16.11 million in non-current loans and owned real-estate with $175.41 million in equity and loan loss allowances on hand to cover it. This gives The Industrial and Commercial Bank of China (USA) NA a Texas Ratio of 9.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for The Industrial and Commercial Bank of China (USA) NA decreased dramatically from 14.93% as of March 31, 2013 to 9.18% as of March 31, 2014, resulting in a positive change of 38.47%.This indicates that the balance sheet and financial strength for The Industrial and Commercial Bank of China (USA) NA has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Industrial and Commercial Bank of China (USA) NA has increased its total deposits by $422.97 million, resulting in 73.25% 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 The Industrial and Commercial Bank of China (USA) NA has shown is excellent.

Capitalization

GRADE:
A+

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. The Industrial and Commercial Bank of China (USA) NA has $1.21 billion in assets with $175.42 million in equity, resulting in a capitalization level of 14.54%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #24387
Year Established1983
Employees213
Primary RegulatorOCC
Assets and Liabilities
Assets$1.21 billion
Loans$802.63 million
Deposits$1.00 billion
Equity Capital$169.70 million
Loan Loss Allowance$5.71 million
Unbacked Noncurrent Loans$16.11 million
Real Estate Owned$0
Historic Data - March 2013
Assets$772.07 million
Equity Capital$170.05 million
Loan Loss Allowance$2.29 million
Unbacked Noncurrent Loans$16.11 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.67%
Return on Assets0.05%
Return on Equity0.31%
Interest Income$10.18 million
Rates

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Locations

Sorry, but we do not have location data for The Industrial and Commercial Bank of China (USA) NA. Its headquarters is located at 202 Canal Street - New York, NY 10013