Cathay Bank


777 North Broadway Street
Los Angeles, CA 90012
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.30% 0.70% →
2-Year CD 0.40% 0.75% →
5-Year CD 0.40% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Cathay Bank is an FDIC insured institution located in Los Angeles, CA. It was founded in 1962 and has approximately $19.21 billion in assets. Customers can open an account at one of its 72 branches.

FDIC Insured Yes
FDIC Certificate # 18503
Date Established 1962
Assets $ 19.21 billion
Loans $ 15.52 billion
Deposits $ 16.42 billion
Capital $ 2.50 billion

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.

Deposit Rates - July 29, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 - Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.35% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.35% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.35% $10,000 $14,999 Learn More
60 Mo CD
0.40% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 29, 2021

Your Current Location: Connecticut, CT 06828

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.


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.

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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 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
3.83% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Cathay Bank had $96,508,000 in non-current loans and $4,918,000 in owned real estate. To cover these potential losses it had $2,499,212,000 in equity and $147,264,000 in loans loss reserves. That gives it a Texas Ratio of 3.83%.

Return on Equity
Cathay Bank U.S. Bank Average
12.24% 11.43%

Cathay Bank has a Return on Equity of 12.24% versus the BestCashCow average of 11.43%. 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.

Cathay Bank U.S. Bank Average
13.01% 11.51%

Cathay Bank has a Capitalization of 13.01% versus the BestCashCow average of 11.51. 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 March 31, 2021, Cathay Bank had assets of $19,211,723,000, loans of $15,520,926,000, and deposits of $16,418,583,000. 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.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 1,752.27 million
Interest-bearing balances $ 1,610.38 million
Total securities $ 916.29 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 15.52 billion
Loan loss allowance $ 147.26 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.92 million
Goodwill and other intangibles $ 377.44 million
All other assets $ 507.01 million
     Total Assets $ 16.71 billion
Total deposits $ 16.42 billion
      Interest-bearing deposits $ 12.86 billion
      Deposits held in domestic offices $ 16.17 billion
      % insured (estimated) 53.32%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 134.14 million
Subordinated debt N.A.
All other liabilities $ 159.79 million
      Total Liabilities $ 16.71 billion
      Shareholders’ Equity $ 2.50 billion

Summary Income Statement

March 31, 2021
Total Interest Income $ 163.42 million
Total Interest Expense $ 20.31 million
Net interest income $ 143.11 million
Provision for loan and lease losses N.A.
Total non interest income $ 11.82 million
Total non interest expense $ 70.66 million
Pre-tax Net Operating Income $ 97.83 million

Bank Loan Profile?

The top three loan types in Cathay Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in California, Cathay Bank has a significantly higher percent of 1-4 Family Residential Loans 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 35.55
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.05
Construction and Development Loans 4.92
Commercial Real Estate 33.65
Commercial and Industrial Loans 17.64
Farm Loans 0.00

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?


Where are Cathay Bank locations?

See branch locations nearby.

Is Cathay Bank open on Saturdays?

Is Cathay Bank open on Sundays?

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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?


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?

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