Asia Bank, National Association
Flushing, NY — Domestic Branch of a Domestic Bank
Acquired Aug 2015
Vitals
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Total Assets515.7M 5.8 %
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Total Deposits437.2M 5.3 %
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Total Net Loans407.6M -0.9 %
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Net Income1.4M -48.6 %
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Book Value74.3M 6.1 %
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Book Value x2148.7M 6.1 %
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Book Value x3223.0M 6.1 %
Balance Sheet Highlights
Financial Highlights | Asia Bank, National Association | All Insured Commercial Banks in New York |
Balance Sheet $(000) | ||
Total Assets | 515,658 | 2,005,912 |
Total Net Loans | 407,581 | 1,243,394 |
Total Deposits | 437,166 | 1,603,427 |
Total Equity | 74,341 | 229,393 |
Profitability | ||
Net Income | 1,420 | 8,146 |
Return on Average Assets | .549 | .721 |
Return on Average Equity | 3.857 | 7.042 |
Net Interest Margin | 4.119 | 3.142 |
Efficiency Ratio | 76.75 | 67.746 |
Noninterest Income/Revenue | 4.667 | 21.533 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 93.233 | 69.427 |
Securities/Assets | .004 | .16 |
Total Equity/Total Assets | .144 | .114 |
Tangible Equity/Tangible Assets | .144 | .108 |
Capital Adequacy | ||
Tier 1 Common Capital | 74,139 | 195,773 |
Tier 1 Capital | 74,139 | 196,326 |
Tier 2 Capital | 5,003 | 9,832 |
Total Capital | 79,142 | 210,152 |
Total Risk Weighted Assets | 399,564 | 1,291,306 |
Leverage Ratio | 14.37 | 10.537 |
Common Equity Tier 1 Capital Ratio | 18.55 | 17.671 |
Tier 1 Capital Ratio | 18.55 | 17.86 |
Total Capital Ratio | 19.81 | 18.926 |
Timeline for Asia Bank, National Association
Cathay Bank
Asia Bank, National Association was acquired by Cathay Bank 8 years
View Profile Aug 01 2015Asia Real Estate Corporation
Asia Real Estate Corporation became a new subsidiary organization for Asia Bank, National Association.
View Profile Jul 01 1999Asia Bancshares, Inc.
Asia Bancshares, Inc. became a new parent organization for Asia Bank, National Association.
View Profile Jul 31 1987Asia Bank, National Association
Asia Bank, National Association was established 39 years ago and is currently headquartered in Flushing, NY.
Nov 09 1984Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Cathay Bank | Buyer | 14,054,033 | Acquisition | Discontinued | 8/1/2015 |
Relationships | Role | Relationship Start | Relationship End |
Asia Bancshares, Inc. | Parent | 7/31/1987 | 7/31/2015 |
Asia Real Estate Corporation | Subsidary | 6/30/2007 | 7/31/2015 |
Asia Real Estate Corporation | Subsidary | 7/1/1999 | 6/29/2007 |
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