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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest and Dividend Income        
Loans receivable, including loan fees $ 97,454 $ 87,879 $ 190,186 $ 176,719
Investment securities- taxable 6,708 12,332 14,284 24,118
Investment securities- nontaxable   28   995
Federal Home Loan Bank stock 421 342 871 592
Deposits with banks 479 281 928 489
Total interest and dividend income 105,062 100,862 206,269 202,913
Interest Expense        
Time deposits of $100,000 or more 6,748 6,822 13,412 13,579
Other deposits 4,429 2,993 8,457 5,759
Securities sold under agreements to repurchase 6,943 9,984 13,873 21,376
Advances from Federal Home Loan Bank 497 145 696 225
Long-term debt 828 924 1,556 1,848
Total interest expense 19,445 20,868 37,994 42,787
Net interest income before provision for credit losses 85,617 79,994 168,275 160,126
Provision/(credit) for loan losses (3,700)   (3,700)  
Net interest income after provision/(credit) for loan losses 89,317 79,994 171,975 160,126
Non-Interest Income        
Securities gains, net 506 12,177 6,466 18,469
Letters of credit commissions 1,520 1,449 2,988 2,910
Depository service fees 1,306 1,485 2,669 2,959
Other operating income 5,689 5,250 11,457 10,904
Total non-interest income 9,021 20,361 23,580 35,242
Non-interest Expense        
Salaries and employee benefits 23,391 21,588 46,842 44,441
Occupancy expense 3,896 3,510 7,758 7,154
Computer and equipment expense 2,534 2,366 4,836 5,042
Professional services expense 5,263 6,854 10,419 12,671
FDIC and State assessments 2,277 1,981 4,431 3,719
Marketing expense 1,519 1,169 2,083 1,606
Other real estate owned (income)/expense (377) (264) 382 359
Operations of affordable housing investments, net 1,018 2,023 3,454 3,718
Amortization of core deposit intangibles 124 1,338 296 2,734
(Income)/Costs associated with debt redemption (555) 10,051 2,821 15,696
Other operating expense 3,423 3,100 7,259 5,704
Total non-interest expense 42,513 53,716 90,581 102,844
Income before income tax expense 55,825 46,639 104,974 92,524
Income tax expense 20,741 16,573 38,631 33,460
Net income 35,084 30,066 66,343 59,064
Less: net income attributable to noncontrolling interest   150   301
Net income attributable to Cathay General Bancorp 35,084 29,916 66,343 58,763
Dividends on preferred stock and noncash charge from repayment   (2,067)   (7,251)
Net income attributable to common stockholders 35,084 27,849 66,343 51,512
Other comprehensive income/(loss), net of tax        
Unrealized holding gain/(loss) on securities available-for-sale 13,750 (31,492) 24,844 (4,833)
Less: reclassification adjustments included in net income 293 7,058 3,748 10,705
Unrealized holding losses on cash flow hedge derivatives (263)   (263)  
Less: reclassification adjustments included in net income 0 0 0 0
Total other comprehensive gain/(loss), net of tax 13,194 (38,550) 20,833 (15,538)
Total comprehensive income/(loss) $ 48,278 $ (8,634) $ 87,176 $ 43,225
Net income per common share:        
Basic (in Dollars per share) $ 0.44 $ 0.35 $ 0.83 $ 0.65
Diluted (in Dollars per share) $ 0.44 $ 0.35 $ 0.83 $ 0.65
Cash dividends paid per common share (in Dollars per share) $ 0.07 $ 0.01 $ 0.12 $ 0.02
Average common shares outstanding        
Basic (in Shares) 79,642,993 78,869,089 79,619,506 78,832,530
Diluted (in Shares) 80,046,471 78,899,906 80,042,946 78,857,758