First Asian Bank


2610 S Jones Blvd
Las Vegas, NV 89146
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Asian Bank is an FDIC insured institution located in Las Vegas, NV. It was founded in 2007 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58499
Date Established 2007
Assets $ 30.23 million
Loans $ 20.46 million
Deposits $ 28.32 million
Capital $ 1.64 million

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Asian Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More
First Internet Bank
NMLS ID: 424182
2.565% 2.500% 0.88 $2,142 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to First Asian Bank
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Financial Details

First Asian Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Asian 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
First Asian Bank U.S. Bank Average
144.22% 6.94%

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, 2020, First Asian Bank had $2,539,000 in non-current loans and $1,463,000 in owned real estate. To cover these potential losses it had $1,641,000 in equity and $1,134,000 in loans loss reserves. That gives it a Texas Ratio of 144.22%.

Return on Equity
First Asian Bank U.S. Bank Average
-115.71% 7.80%

First Asian Bank has a Return on Equity of -115.71% versus the BestCashCow average of 7.80%. 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.

First Asian Bank U.S. Bank Average
5.43% 12.68%

First Asian Bank has a Capitalization of 5.43% versus the BestCashCow average of 12.68. 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.

First Asian Bank Balance Sheet Analysis

As of June 30, 2011, First Asian Bank had assets of $30,228,000, loans of $20,458,000, and deposits of $28,318,000. 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, 2020
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 20.46 million
Loan loss allowance $ 1.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.46 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 28.32 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 30.23 million

Summary Income Statement

March 31, 2020
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Asian Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Asian 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.

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

Frequently Asked Questions About First Asian Bank

Branches and Savings

Is First Asian Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58499.

Why does First Asian Bank pay such low interest on savings accounts?

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

Why are First Asian Bank CD rates not competitive?

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

Is First Asian Bank a commercial bank?


Where are First Asian Bank locations?

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Is First Asian Bank open on Saturdays?

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Will the First Asian Bank branch print checks?

Do First Asian Bank checks expire?

Does First Asian Bank require US citizenship to open account?

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Does First Asian Bank Use Equifax?

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Does First Asian Bank offer mortgages?

Compare mortgage rates here.

Does First Asian Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Asian Bank offer personal loans?

Compare personal loan rates here.

Does First Asian Bank offer student loans?

Will First Asian Bank cash a check?

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Background on The Bank

Who owns First Asian Bank?

How long has First Asian Bank been around?

Can First Asian Bank transfer to other banks?

Does First Asian Bank have quick pay?

Does First Asian Bank accept rolled coins?

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