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Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST AND DIVIDEND INCOME        
Loans receivable, including loan fees $ 90,024 $ 92,590 $ 269,486 $ 272,940
Investment securities- taxable 15,157 20,304 50,046 65,274
Investment securities- nontaxable 1,036 1,054 3,127 3,165
Federal Home Loan Bank stock 57 38 190 134
Federal funds sold and securities purchased under agreements to resell 2 33 18 81
Deposits with banks 471 360 1,596 901
Total interest and dividend income 106,747 114,379 324,463 342,495
INTEREST EXPENSE        
Time deposits of $100,000 or more 7,970 10,496 26,152 32,115
Other deposits 3,261 4,777 11,045 15,871
Securities sold under agreements to repurchase 13,734 14,840 42,987 45,903
Advances from Federal Home Loan Bank 74 2,101 196 10,592
Long-term debt 1,291 1,208 3,895 3,630
Short-term borrowings   4   11
Total interest expense 26,330 33,426 84,275 108,122
Net interest income before provision for credit losses 80,417 80,953 240,188 234,373
Provision/(credit) for loan losses   9,000 (9,000) 25,000
Net interest income after provision for loan losses 80,417 71,953 249,188 209,373
NON-INTEREST INCOME        
Securities gains, net 8,652 8,833 13,241 20,243
Letters of credit commissions 1,728 1,440 4,873 4,113
Depository service fees 1,342 1,341 4,114 4,101
Other operating income 3,900 5,213 12,077 13,449
Total non-interest income 15,622 16,827 34,305 41,906
NON-INTEREST EXPENSE        
Salaries and employee benefits 18,451 17,481 58,426 53,411
Occupancy expense 3,853 3,714 10,926 10,709
Computer and equipment expense 2,340 2,139 7,194 6,437
Professional services expense 5,273 4,846 15,224 13,534
FDIC and State assessments 2,094 2,642 6,554 9,864
Marketing expense 519 908 3,408 2,420
Other real estate owned expense 1,794 6,120 13,548 8,603
Operations of affordable housing investments, net 476 2,102 4,387 6,055
Amortization of core deposit intangibles 1,404 1,461 4,265 4,402
Cost associated with debt redemption 3,450 4,540 6,200 18,527
Other operating expense 8,190 2,430 12,925 7,614
Total non-interest expense 47,844 48,383 143,057 141,576
Income before income tax expense 48,195 40,397 140,436 109,703
Income tax expense 17,686 14,162 50,852 36,802
Net income 30,509 26,235 89,584 72,901
Less: net income attributable to noncontrolling interest 151 151 452 452
Net income attributable to Cathay General Bancorp 30,358 26,084 89,132 72,449
Dividends on preferred stock (4,123) (4,111) (12,361) (12,323)
Net income attributable to common stockholders 26,235 21,973 76,771 60,126
Other comprehensive income, net of tax        
Unrealized holding gain/(loss) arising during the period 10,650 (4,753) 18,353 7,264
Less: reclassification adjustments included in net income 5,015 5,120 7,674 11,733
Total other comprehensive gain/(loss), net of tax 5,635 (9,873) 10,679 (4,469)
Total comprehensive income $ 35,993 $ 16,211 $ 99,811 $ 67,980
Net income per common share:        
Basic (in Dollars per share) $ 0.33 $ 0.28 $ 0.98 $ 0.76
Diluted (in Dollars per share) $ 0.33 $ 0.28 $ 0.98 $ 0.76
Cash dividends paid per common share (in Dollars per share) $ 0.01 $ 0.01 $ 0.03 $ 0.03
Average common shares outstanding        
Basic (in Shares) 78,729,272 78,640,308 78,706,150 78,628,477
Diluted (in Shares) 78,731,180 78,641,142 78,711,235 78,637,977