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Condensd Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest and Dividend Income    
Loans receivable, including loan fees $ 88,840 $ 90,701
Investment securities- taxable 11,786 17,723
Investment securities- nontaxable 967 1,052
Federal Home Loan Bank stock 250 66
Federal funds sold and securities purchased under agreements to resell   5
Deposits with banks 208 588
Total interest and dividend income 102,051 110,135
Interest Expense    
Time deposits of $100,000 or more 6,757 9,540
Other deposits 2,766 3,916
Securities sold under agreements to repurchase 11,392 14,655
Advances from Federal Home Loan Bank 80 53
Long-term debt 924 1,320
Short-term borrowings 0 0
Total interest expense 21,919 29,484
Net interest income before provision for credit losses 80,132 80,651
Provision/(credit) for loan losses   (4,000)
Net interest income after provision for loan losses 80,132 84,651
Non-Interest Income    
Securities gains, net 6,292 2,215
Letters of credit commissions 1,461 1,526
Depository service fees 1,474 1,389
Other operating income 5,654 3,701
Total non-interest income 14,881 8,831
Non-interest Expense    
Salaries and employee benefits 22,853 19,878
Occupancy expense 3,644 3,584
Computer and equipment expense 2,676 2,463
Professional services expense 5,817 4,742
FDIC and State assessments 1,738 2,489
Marketing expense 437 1,406
Other real estate owned expense 623 4,693
Operations of affordable housing investments, net 1,695 1,960
Amortization of core deposit intangibles 1,396 1,457
Costs associated with debt redemption 5,645 2,750
Other operating expense 2,604 2,449
Total non-interest expense 49,128 47,871
Income before income tax expense 45,885 45,611
Income tax expense 16,887 16,547
Net income 28,998 29,064
Less: net income attributable to noncontrolling interest 151 151
Net income attributable to Cathay General Bancorp 28,847 28,913
Dividends on preferred stock and noncash charge from repayment (5,184) (4,117)
Net income attributable to common stockholders 23,663 24,796
Other comprehensive income, net of tax    
Unrealized holding gain arising during the period 26,659 5,479
Less: reclassification adjustments included in net income 3,647 1,284
Total other comprehensive gain, net of tax 23,012 4,195
Total comprehensive income $ 51,859 $ 33,108
Net income per common share:    
Basic (in Dollars per share) $ 0.30 $ 0.32
Diluted (in Dollars per share) $ 0.30 $ 0.32
Cash dividends paid per common share (in Dollars per share) $ 0.01 $ 0.01
Average common shares outstanding    
Basic (in Shares) 78,795,564 78,678,645
Diluted (in Shares) 78,815,141 78,690,132