XML 101 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations And Comprehensive Income/(Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST AND DIVIDEND INCOME      
Loan receivable $ 364,580 $ 380,662 $ 401,831
Investment securities-taxable 83,083 106,568 123,939
Investment securities-nontaxable 4,218 854 788
Federal Home Loan Bank stock 177 237 149
Federal funds sold and securities purchased under agreement to resell 83 14 1,351
Deposits with banks 1,430 1,259 673
Total interest and dividend income 453,571 489,594 528,731
INTEREST EXPENSE      
Time deposits of $100,000 or more 42,204 54,219 83,349
Other deposits 20,010 29,943 50,207
Interest on securities sold under agreements to repurchase 60,733 66,141 65,182
Advances from the Federal Home Loan Bank 12,033 37,527 42,442
Long-term debt 4,890 3,852 4,835
Short-term borrowings 11 6 24
Total interest expense 139,881 191,688 246,039
Net interest income before provision for credit losses 313,690 297,906 282,692
Provision for credit losses 27,000 156,900 307,000
Net interest income/(loss) after provision for credit losses 286,690 141,006 (24,308)
NON-INTEREST INCOME      
Securities gains, net 21,131 18,695 55,644
Letters of credit commissions 5,644 4,466 4,216
Depository service fees 5,420 5,220 5,206
Other operating income 18,697 3,870 13,588
Total non-interest income . 50,892 32,251 78,654
NON-INTEREST EXPENSE      
Salaries and employee benefits 71,849 58,835 60,795
Occupancy expense 14,225 12,188 16,109
Computer and equipment expense 8,508 8,230 7,856
Professional services expense 20,209 17,630 16,428
FDIC and State assessments 12,494 19,549 19,386
Marketing expense 3,175 3,160 2,593
Other real estate owned 10,583 16,011 36,075
Operations of investments in affordable housing 8,153 7,611 7,338
Amortization of core deposit premium 5,859 5,958 6,636
Cost associated with debt redemption 20,231 14,261  
Other operating expense 10,280 12,278 9,821
Total non-interest expense 185,566 175,711 183,037
Income/(loss) before income tax (benefit)/expense 152,016 (2,454) (128,691)
Income tax expense/(benefit) 51,261 (14,629) (61,912)
Net income/(loss) 100,755 12,175 (66,779)
Less: net income attributable to noncontrolling interest 605 610 611
Net income/(loss) attributable to Cathay General Bancorp 100,150 11,565 (67,390)
Dividends on preferred stock (16,437) (16,388) (16,338)
Net income/(loss) attributable to common stockholders 83,713 (4,823) (83,728)
Other comprehensive loss, net of tax:      
Unrealized holding gains/(losses) arising during the year 4,538 7,714 (806)
Less: reclassification adjustment for gains included in net income 12,248 7,860 23,396
Total other comprehensive loss, net of tax (7,710) (146) (24,202)
Total comprehensive income/(loss) $ 92,440 $ 11,419 $ (91,592)
Net income/(loss) attributable to common stockholders per common share      
Basic $ 1.06 $ (0.06) $ (1.59)
Diluted $ 1.06 $ (0.06) $ (1.59)
Basic average common shares outstanding 78,633,317 77,073,954 52,629,159
Diluted average common shares outstanding 78,640,652 77,073,954 52,629,159