Cathay Bank

777 North Broadway Street
Los Angeles, CA 90012

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18503
Date Established 1962
Assets $14.31 billion
Loans $11.49 billion
Deposits $11.50 billion
Capital $1.95 billion

Cathay Bank is an FDIC insured institution located in Los Angeles, CA. It was founded in 1962 and has approximately $14.31 billion in assets. Customers can open an account at one of its 63 branches.

For a more detailed analysis of Cathay Bank'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 Cathay Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Cathay Bank’s loan portfolio does not show any specific loan specialty.

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 30.67
Multifamily
Mortgages
6.26
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 5.59
Construction and Development Loans 5.60
Commercial Real Estate 38.44
Commercial and Industrial Loans 19.08
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $2,500 $49,999 Learn MoreShow Less
3 Mo CD 100K
0.30% $100,000 $499,999 Learn MoreShow Less
6 Mo CD 10K
0.35% $2,500 $49,999 Learn MoreShow Less
06MCD10K
0.35% $10,000 $24,999 Learn MoreShow Less
06MCD100K
0.45% $100,000 $499,999 Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.50% $100 - Learn MoreShow Less
FIXIRA0K
0.50% $500 $999 Learn MoreShow Less
MM Rates APY MIN MAX
MM2.5K
0.10% $1 $9,999 Learn MoreShow Less
MM 10K
0.15% $10,000 $24,999 Learn MoreShow Less
MM25K
0.20% $25,000 $99,999 Learn MoreShow Less
MM 25K
0.20% $25,000 $49,999 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.20% $10,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $2,000 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Cathay Bank 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


Cathay Bank Locations

Financial Details

Cathay Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cathay Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Cathay Bank U.S. Bank Average
3.9% 8.45

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, 2017, Cathay Bank had $64,539,000 in non-current loans and $16,182,000 in owned real estate. To cover these potential losses it had $1,954,545,000 in equity and $115,809,000 in loans loss reserves. That gives it a Texas Ratio of 3.9%. 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
Cathay Bank U.S. Bank Average
10.82% 8.58

Cathay Bank has a Return on Equity of 10.82% versus the BestCashCow average of 8.58. 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
Cathay Bank U.S. Bank Average
13.66% 12.11

Cathay Bank has a Capitalization of 13.66% versus the BestCashCow average of 12.11. 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.

Cathay Bank Balance Sheet Analysis

As of June 30, 2017, Cathay Bank had assets of $14,306,004,000, loans of $11,493,618,000, and deposits of $11,499,590,000. 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.

Frequently Asked Questions About Cathay Bank

Branches and Savings

Is Cathay Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18503.

Why does Cathay Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Cathay Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Cathay Bank a commercial bank?

Yes

Where are Cathay Bank locations?

See branch locations nearby.

Is Cathay Bank open on Saturdays?

Is Cathay Bank open on Sundays?

What time does Cathay Bank open?

What time does Cathay Bank close?

Are Cathay Bank ATMs Open 24/7?

Do Cathay Bank ATMs accept cash deposits?

Can Cathay Bank customers use other ATMs?

Do Cathay Bank branches have notaries?

Will Cathay Bank notarize my document?

What address for Cathay Bank should I put for incoming ACH transfers?

Will the Cathay Bank branch print checks?

Do Cathay Bank checks expire?

Does Cathay Bank require US citizenship to open account?

Can Cathay Bank close my account?

Does Cathay Bank Report to credit bureaus?

Does Cathay Bank Use Equifax?

What is Cathay Bank's ACH Routing Number?

What is Cathay Bank's SWIFT code?

Products

Does Cathay Bank offer mortgages?

Compare mortgage rates here.

Does Cathay Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cathay Bank offer personal loans?

Compare personal loan rates here.

Does Cathay Bank offer student loans?

Will Cathay Bank cash a check?

Will Cathay Bank redeem a savings bond?

Does Cathay Bank cash savings bonds?

Will Cathay Bank cash money orders?

Can Cathay Bank issue a money order?

Does Cathay Bank do currency exchange?

Background on The Bank

Who owns Cathay Bank?

How long has Cathay Bank been around?

Can Cathay Bank transfer to other banks?

Does Cathay Bank have quick pay?

Does Cathay Bank accept rolled coins?

Will Cathay Bank accept loose change?

Where is Cathay Bank headquarters?

Customer Reviews for Cathay Bank

There are currently no comments for Cathay Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →