Great Eastern Bank
New York, NY — Domestic Branch of a Domestic Bank
Acquired May 2006
Vitals
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Total Assets326.3M 8.3 %
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Total Deposits296.3M 10.3 %
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Total Net Loans215.2M 12.9 %
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Net Income
-
Book Value27.7M -11.9 %
-
Book Value x255.4M -11.9 %
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Book Value x383.1M -11.9 %
Balance Sheet Highlights
| Financial Highlights | Great Eastern Bank | All Insured Commercial Banks in New York |
| Balance Sheet $(000) | ||
| Total Assets | 326,253 | 912,568 |
| Total Net Loans | 215,223 | 5,112,955 |
| Total Deposits | 296,324 | 913,387 |
| Total Equity | 27,692 | 96,711 |
| Profitability | ||
| Net Income | — | 34,825 |
| Return on Average Assets | — | 1.002 |
| Return on Average Equity | — | 9.729 |
| Net Interest Margin | 4.796 | 3.78 |
| Efficiency Ratio | 183.06 | 74.075 |
| Noninterest Income/Revenue | 14.255 | 84.405 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 72.631 | 70.359 |
| Securities/Assets | .195 | 2.044 |
| Total Equity/Total Assets | .085 | .106 |
| Tangible Equity/Tangible Assets | .085 | -1.687 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 28,100 | 82,201 |
| Tier 2 Capital | 2,307 | 253,227 |
| Total Capital | 30,407 | 88,332 |
| Total Risk Weighted Assets | 249,343 | 570,176 |
| Leverage Ratio | 8.51 | 11.024 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 11.27 | 20.533 |
| Total Capital Ratio | 12.19 | 21.531 |
Timeline for Great Eastern Bank
Cathay General Bancorp
Cathay General Bancorp became a new parent organization for Great Eastern Bank.
View Profile Apr 07 2006
Great Eastern Bank
Great Eastern Bank was established 38 years ago and is currently headquartered in New York, NY.
May 17 1986| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Cathay Bank | Buyer | 14,054,033 | Acquisition | Discontinued | 5/16/2006 |
| Relationships | Role | Relationship Start | Relationship End |
| Cathay General Bancorp | Parent | 4/7/2006 | 5/15/2006 |
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