Asia Bank, National Association

13534 Roosevelt Avenue
Flushing, NY 11354

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 25745
Date Established 1984
Assets $0.52 billion
Loans $0.41 billion
Deposits $0.44 billion
Capital $0.07 billion

Asia Bank, National Association is an FDIC insured institution located in Flushing, NY. It was founded in 1984 and has approximately $0.52 billion in assets.

For a more detailed analysis of Asia Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Asia Bank, National Association’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in New York, Asia Bank, National Association has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.13
Multifamily
Mortgages
3.59
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 27.68
Construction and Development Loans 0.77
Commercial Real Estate 85.44
Commercial and Industrial Loans 0.49
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

Loan Rates

Your Current Location: Virginia, VA 20146

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Branches

Asia Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Asia Bank, National Association Locations

Financial Details

Asia Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Asia Bank, National Association. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Texas Ratio
Asia Bank, National Association U.S. Bank Average
2.81% 9.11%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2016, Asia Bank, National Association had $2,231,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $73,845,000 in equity and $5,657,000 in loans loss reserves. That gives it a Texas Ratio of 2.81%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Asia Bank, National Association U.S. Bank Average
6.12% 9.45%

Asia Bank, National Association has a Return on Equity of 6.12% versus the BestCashCow average of 9.45%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Asia Bank, National Association U.S. Bank Average
14.25% 11.28%

Asia Bank, National Association has a Capitalization of 14.25% versus the BestCashCow average of 11.28%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Asia Bank, National Association Balance Sheet Analysis

As of March 31, 2015, Asia Bank, National Association had assets of $515,658,000, loans of $412,139,000, and deposits of $442,570,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Customer Reviews for Asia Bank, National Association


  • Asia Bank N.A.

    March 05, 2015

    The CD rates listed on this site is inaccurate. We do not offer any "Special" CD rates. Please contact one of our branch offices for the latest rates.

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