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Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
INTEREST AND DIVIDEND INCOME        
Loans receivable, including loan fees $ 88,761 $ 89,792 $ 179,462 $ 180,350
Investment securities- taxable 17,166 23,116 34,889 44,970
Investment securities- nontaxable 1,039 1,055 2,091 2,111
Federal Home Loan Bank stock 67 49 133 96
Federal funds sold and securities purchased under agreements to resell 11 7 16 48
Deposits with banks 537 320 1,125 541
Total interest and dividend income 107,581 114,339 217,716 228,116
INTEREST EXPENSE        
Time deposits of $100,000 or more 8,642 10,894 18,182 21,619
Other deposits 3,868 5,374 7,784 11,094
Securities sold under agreements to repurchase 14,598 14,892 29,253 31,063
Advances from Federal Home Loan Bank 69 3,642 122 8,491
Long-term debt 1,284 1,216 2,604 2,422
Short-term borrowings   6   7
Total interest expense 28,461 36,024 57,945 74,696
Net interest income before provision for credit losses 79,120 78,315 159,771 153,420
Provision/(credit) for loan losses (5,000) 10,000 (9,000) 16,000
Net interest income after provision for loan losses 84,120 68,315 168,771 137,420
NON-INTEREST INCOME        
Securities gains, net 2,374 5,178 4,589 11,410
Letters of credit commissions 1,619 1,395 3,145 2,673
Depository service fees 1,383 1,399 2,772 2,760
Other operating income 4,476 4,481 8,177 8,236
Total non-interest income 9,852 12,453 18,683 25,079
NON-INTEREST EXPENSE        
Salaries and employee benefits 20,097 17,659 39,975 35,930
Occupancy expense 3,489 3,457 7,073 6,995
Computer and equipment expense 2,391 2,115 4,854 4,298
Professional services expense 5,209 4,959 9,951 8,688
FDIC and State assessments 1,971 2,905 4,460 7,222
Marketing expense 1,483 817 2,889 1,512
Other real estate owned expense 7,061 2,262 11,754 2,483
Operations of affordable housing investments, net 1,951 1,977 3,911 3,953
Amortization of core deposit intangibles 1,404 1,460 2,861 2,941
Cost associated with debt redemption   5,176 2,750 13,987
Other operating expense 2,286 2,623 4,735 5,184
Total non-interest expense 47,342 45,410 95,213 93,193
Income before income tax expense 46,630 35,358 92,241 69,306
Income tax expense 16,619 10,906 33,166 22,640
Net income 30,011 24,452 59,075 46,666
Less: net income attributable to noncontrolling interest 150 150 301 301
Net income attributable to Cathay General Bancorp 29,861 24,302 58,774 46,365
Dividends on preferred stock (4,121) (4,107) (8,238) (8,212)
Net income attributable to common stockholders 25,740 20,195 50,536 38,153
Other comprehensive income, net of tax        
Unrealized holding gain arising during the period 2,225 11,974 7,704 12,017
Less: reclassification adjustments included in net income 1,376 3,001 2,660 6,613
Total other comprehensive gain, net of tax 849 8,973 5,044 5,404
Total comprehensive income $ 30,710 $ 33,275 $ 63,818 $ 51,769
Net income per common share:        
Basic (in Dollars per share) $ 0.33 $ 0.26 $ 0.64 $ 0.49
Diluted (in Dollars per share) $ 0.33 $ 0.26 $ 0.64 $ 0.49
Cash dividends paid per common share (in Dollars per share) $ 0.01 $ 0.01 $ 0.02 $ 0.02
Average common shares outstanding        
Basic (in Shares) 78,710,279 78,635,324 78,694,462 78,622,464
Diluted (in Shares) 78,712,172 78,637,108 78,701,152 78,636,369