Below are the financial statements of Cathay General Bancorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest and dividend income | — | — | — |
| Loan receivable | 1,217.17b | 1,130.24b | 801.98b |
| Investment securities | 59.31b | 51.72b | 28.24b |
| Federal home loan bank stock | 1.68b | 1.35b | 1.1b |
| Deposits with banks | 56.82b | 58.91b | 19.96b |
| Total interest and dividend income | 1,334.98b | 1,242.22b | 851.28b |
| Interest expense | — | — | — |
| Time deposits | -458.49b | -332b | -56.35b |
| Other deposits | -177.78b | -135.97b | -48.94b |
| Advances from the federal home loan bank | -14.28b | -22.16b | -5.88b |
| Long-term debt | -8.13b | -6.48b | -5.55b |
| Short-term borrowings | -2.24b | -3.87b | -0.86b |
| Total interest expense | -660.92b | -500.48b | -117.58b |
| Net interest income before provision for credit losses | 674.06b | 741.75b | 733.7b |
| Provision for credit losses | -37.5b | -25.98b | -14.54b |
| Net interest income after provision for credit losses | 636.56b | 715.77b | 719.15b |
| Non-interest income | — | — | — |
| Net (losses)/gains from equity securities | -7.52b | 18.25b | 0.39b |
| Net gains/(losses) from securities available for sale | 1.11b | -3b | 0b |
| Letters of credit commissions | 7.75b | 6.72b | 6.35b |
| Depository service fees | 6.57b | 6.43b | 6.52b |
| Wealth management fees | 24.06b | 17.51b | 16.44b |
| Other operating income | 23.7b | 22.39b | 27.11b |
| Total non-interest income | 55.66b | 68.29b | 56.81b |
| Non-interest expense | — | — | — |
| Salaries and employee benefits | -167.38b | -154.15b | -142.55b |
| Occupancy expense | -23.28b | -22.27b | -22.81b |
| Computer and equipment expense | -20.14b | -17.48b | -13.6b |
| Professional services expense | -30.99b | -32.49b | -28.24b |
| Data processing service expense | -16.37b | -14.73b | -13.18b |
| FDIC and state assessments | -14.28b | -23.59b | -8.04b |
| Marketing expense | -6.52b | -5.89b | -6.86b |
| Other real estate owned expense | -2.7b | -0.76b | -0.13b |
| Amortization of investments in low income housing and alternative energy partnerships | -72.63b | -86.62b | -42.07b |
| Amortization of core deposit premium | -1.1b | -1.31b | -1.89b |
| Acquisition, integration and reorganization costs | 0b | -0.67b | -4.13b |
| Other operating expense | -19.3b | -20.53b | -19.95b |
| Total non-interest expense | -374.68b | -380.48b | -303.43b |
| Income before income tax expense | 317.54b | 403.58b | 472.54b |
| Income tax expense | -31.56b | -49.46b | -111.89b |
| Net income | 285.98b | 354.12b | 360.64b |
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