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Note 17 - Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

17. Subsequent Events


On July 31, 2015, the Company completed its merger with Asia Bancshares, Inc. (“Bancshares”).   As a result of the transaction, Bancshares has been merged with and into Bancorp, and its subsidiary, Asia Bank, has been merged with and into Cathay Bank.  Asia Bank operates three branches in New York and one branch in Maryland.  Under the terms of the merger, Bancorp is issuing 2.58 million shares of its common stock and paying $57.0 million in cash for all the issued and outstanding shares of Bancshares common stock.  As of June 30, 2015, Bancshares had total assets of $520.5 million, total gross loans of $413.7 million, total deposits of $437.1 million and total equity of $79.3 million.