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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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and Dividend Income        
Loans receivable, including loan fees $ 100,151 $ 90,838 $ 290,337 $ 267,557
Investment securities- taxable 5,105 10,868 19,389 34,986
Investment securities- nontaxable       995
Federal Home Loan Bank stock 508 449 1,379 1,041
Deposits with banks 571 307 1,499 796
Total interest and dividend income 106,335 102,462 312,604 305,375
Interest Expense        
Time deposits of $100,000 or more 7,107 6,887 20,519 20,466
Other deposits 5,005 3,485 13,462 9,244
Securities sold under agreements to repurchase 5,858 8,402 19,731 29,778
Advances from Federal Home Loan Bank 153 150 849 375
Long-term debt 1,456 930 3,012 2,778
Short-term borrowings 1   1  
Total interest expense 19,580 19,854 57,574 62,641
Net interest income before provision for credit losses 86,755 82,608 255,030 242,734
Credit for loan losses (5,100) (3,000) (8,800) (3,000)
Net interest income after credit for loan losses 91,855 85,608 263,830 245,734
Non-Interest Income        
Securities gains, net 361 8,688 6,827 27,157
Letters of credit commissions 1,559 1,698 4,547 4,608
Depository service fees 1,330 1,371 3,999 4,330
Other operating income 5,724 4,963 17,181 15,867
Total non-interest income 8,974 16,720 32,554 51,962
Non-Interest Expense        
Salaries and employee benefits 22,630 22,751 69,472 67,192
Occupancy expense 3,934 3,812 11,692 10,966
Computer and equipment expense 2,471 2,446 7,307 7,488
Professional services expense 5,991 5,813 16,410 18,484
FDIC and State assessments 2,261 1,712 6,692 5,431
Marketing expense 639 1,097 2,722 2,703
Other real estate owned (income)/expense (1,011) 527 (629) 886
Operations of affordable housing investments, net 1,672 1,234 5,126 4,952
Amortization of core deposit intangibles 214 1,363 510 4,097
Costs associated with debt redemption 527 6,861 3,348 22,557
Other operating expense 3,279 3,054 10,538 8,758
Total non-interest expense 42,607 50,670 133,188 153,514
Income before income tax expense 58,222 51,658 163,196 144,182
Income tax expense 22,313 19,029 60,944 52,489
Net income 35,909 32,629 102,252 91,693
Less: net income attributable to noncontrolling interest   151   452
Net income attributable to Cathay General Bancorp 35,909 32,478 102,252 91,241
Dividends on preferred stock and noncash charge from repayment   (2,434)   (9,685)
Net income attributable to common stockholders 35,909 30,044 102,252 81,556
Other comprehensive income/(loss), net of tax        
Unrealized holding gain/(loss) on securities available-for-sale 170 (1,074) 25,014 (5,908)
Less: reclassification adjustments included in net income 209 5,036 3,957 15,740
Unrealized holding gain/(loss) on cash flow hedge derivatives 100   (163)  
Less: reclassification adjustments included in net income 0 0 0 0
Total other comprehensive gain/(loss), net of tax 61 (6,110) 20,894 (21,648)
Total comprehensive income $ 35,970 $ 26,368 $ 123,146 $ 69,593
Net income per common share:        
Basic (in Dollars per share) $ 0.45 $ 0.38 $ 1.28 $ 1.03
Diluted (in Dollars per share) $ 0.45 $ 0.38 $ 1.28 $ 1.03
Cash dividends paid per common share (in Dollars per share) $ 0.07 $ 0.01 $ 0.19 $ 0.03
Average common shares outstanding        
Basic (in Shares) 79,677,952 78,894,262 79,639,202 78,853,333
Diluted (in Shares) 80,176,100 79,114,122 80,087,819 78,944,152