Summary of Operations

2013

2012

Fourth

Quarter

Third

Quarter

Second

Quarter

First

Quarter

Fourth

Quarter

Third

Quarter

Second

Quarter

First

Quarter

(In thousands, except per share data)

Interest income

$

101,621

$

102,462

$

100,862

$

102,051

$

105,281

$

106,747

$

107,581

$

110,135

Interest expense

19,659

19,854

20,868

21,919

24,216

26,330

28,461

29,484

Net interest income

81,962

82,608

79,994

80,132

81,065

80,417

79,120

80,651

Reversal for credit losses

-

(3,000

)

-

(5,000

)

(4,000

)

Net-interest income after provision for loan losses

81,962

85,608

79,994

80,132

81,065

80,417

84,120

84,651

Non-interest income

8,345

16,720

20,361

14,881

12,202

15,622

9,852

8,831

Non-interest expense

40,319

50,670

53,716

49,128

49,532

47,844

47,342

47,871

Income before income tax expense

49,988

51,658

46,639

45,885

43,735

48,195

46,630

45,611

Income tax expense

17,946

19,029

16,573

16,887

15,276

17,686

16,619

16,547

Net income

32,042

32,629

30,066

28,998

28,459

30,509

30,011

29,064

Less: net income attributable to noncontrolling interest

140

151

150

151

153

151

150

151

Net income attributable to Cathay General Bancorp

31,902

32,478

29,916

28,847

28,306

30,358

29,861

28,913

Dividends on preferred stock

-

(2,434

)

(2,067

)

(5,184

)

(4,127

)

(4,123

)

(4,121

)

(4,117

)

Net income available to common stockholders

$

31,902

$

30,044

$

27,849

$

23,663

$

24,179

$

26,235

$

25,740

$

24,796

Basic net income attributable to common stockholders per common share

$

0.40

$

0.38

$

0.35

$

0.30

$

0.31

$

0.33

$

0.33

$

0.32

Diluted net income attributable to common stockholders per common share

$

0.40

$

0.38

$

0.35

$

0.30

$

0.31

$

0.33

$

0.33

$

0.32