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Cathay General Bancorp (Cathay General Bancorp) Capital Adequacy Tier - Tier 1 Ratio % : 12.84% (As of Dec. 2023)


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What is Cathay General Bancorp Capital Adequacy Tier - Tier 1 Ratio %?

Capital Adequacy Tier - Tier 1 Ratio % is the ratio of a bank’s core tier 1 capital, which includes its equity capital and disclosed reserves, to its total risk-weighted assets. It is a key measure of a bank's financial strength and should not fall lower than 6% as per Basel III rules.

Cathay General Bancorp's Capital Adequacy Tier - Tier 1 Ratio % for the quarter that ended in Dec. 2023 was 12.84% , which is higher than 12.70% for the pervious quarter ended in Sep. 2023.

Cathay General Bancorp's Capital Adequacy Tier - Tier 1 Ratio % for the annual that ended in Dec. 2023 was 12.84% , which is higher than 12.21% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Cathay General Bancorp's Capital Adequacy Tier - Tier 1 Ratio % or its related term are showing as below:

CATY's Capital Adequacy Tier - Tier 1 Ratio % is not ranked *
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Capital Adequacy Tier - Tier 1 Ratio % only.

Cathay General Bancorp Capital Adequacy Tier - Tier 1 Ratio % Historical Data

The historical data trend for Cathay General Bancorp's Capital Adequacy Tier - Tier 1 Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cathay General Bancorp Capital Adequacy Tier - Tier 1 Ratio % Chart

Cathay General Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Capital Adequacy Tier - Tier 1 Ratio %
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Capital Adequacy Tier - Leverage Ratio %
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Capital Adequacy Tier - Total Capital Ratio %
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Efficiency Overhead Ratio %
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Net Charge Offs to Average Loans %
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Cathay General BancorpQuarterly Data
Trend Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Capital Adequacy Tier - Tier 1 Ratio %
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Capital Adequacy Tier - Leverage Ratio %
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Capital Adequacy Tier - Total Capital Ratio %
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Efficiency Overhead Ratio %
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Net Charge Offs to Average Loans %
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Competitive Comparison of Cathay General Bancorp's Capital Adequacy Tier - Tier 1 Ratio %

For the Banks - Regional subindustry, Cathay General Bancorp's Capital Adequacy Tier - Tier 1 Ratio %, along with its competitors' market caps and Capital Adequacy Tier - Tier 1 Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cathay General Bancorp  (NAS:CATY) Capital Adequacy Tier - Tier 1 Ratio % Calculation

Capital Adequacy Tier - Tier 1 Ratio % is calculated as

Capital Adequacy Tier - Tier 1 Ratio %=Tier 1 Capital / Total Risk Weighted Assets

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cathay General Bancorp  (NAS:CATY) Capital Adequacy Tier - Tier 1 Ratio % Explanation

Tier 1 capital, or core capital, consists of a bank's common stock, retained earnings, accumulated other comprehensive income, noncumulative perpetual preferred stock and any regulatory adjustments to those accounts. The tier 1 capital ratio is the ratio of a bank’s core capital vs. its total risk-weighted assets (RWAs). The risk-weighted assets are calculated by multiplying the assets that the company holds by their corresponding weights for credit risk (the weight is usually developed by the central bank).

The tier 1 capital ratio is the basis for the Basel III international capital and liquidity standards. The standard is used to force banks to increase capital buffers and ensure they can withstand financial distress before they become insolvent. Basel III rules stipulate that the Tier 1 capital ratio has to be at least 6% and the equity component of Tier 1 capital has to have at least 4.5% of RWAs. A higher Tier 1 ratio suggests that the company has more capital to pay down deposits and is less likely to become insolvent.


Cathay General Bancorp Capital Adequacy Tier - Tier 1 Ratio % Related Terms

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Cathay General Bancorp (Cathay General Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
777 North Broadway, Los Angeles, CA, USA, 90012
Cathay General Bancorp is a regional bank primarily serving the Chinese-American community. With more than 45 branches and three international representative offices, the bank provides traditional loan and deposit products, as well as international trade-related services to individuals and small to midsize businesses. The Bank accepts checking, savings, and time deposits, and makes commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The Bank also provides letters of credit, safe deposit, Social Security payment deposit, bank-by-mail, Internet banking services, and other customary banking services.
Executives
Kim R Bingham officer: EVP - Chief Credit Officer CATHAY BANK, 777 NORTH BROADWAY, LOS ANGELES CA 90012
Richard Sun director CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Anthony M Tang director, officer: EVP
May K. Chan officer: SVP, General Counsel 9650 FLAIR DRIVE, EL MONTE CA 91731
Peter Wu director, officer: Executive Vice Chairman/COO
Dunson K Cheng director, officer: Chairman & President
Shally Wang director 9650 FLAIR DRIVE, EL MONTE CA 91731
Irwin Wong officer: Executive Vice President
Jane H Jelenko director CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Maan-huei Hung director CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Lisa L. Kim officer: EVP, General Counsel EAST WEST BANCORP INC, 135 N. LOS ROBLES AVE., 7TH FL, PASADENA CA 91101
Chang Liu officer: EVP, Chief Operating Officer C/O FIRST PACTRUST BANCORP INC, 610 BAY BOULEVARD, CHULA VISTA CA 91910
Kelly L Chan director
Mark Hakjoon Lee officer: EVP, Chief Credit Officer CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Patrick Lee director