caty20220930_10q.htm
0000861842
Cathay General Bancorp
false
--12-31
Q3
2022
1,577,311
1,126,867
0.01
0.01
100,000,000
100,000,000
91,067,423
73,411,960
90,871,860
75,750,862
17,655,463
15,120,998
0.34
0.31
1.02
0.93
3
3
0
0
7,000
3,000
0
2018 2019 2020 2021 2022
2017 2018 2019 2020 2021 2022
1
5
10
3
10
the amount is included in other non-interest income.
the amount of periodic net settlement of interest rate swaps was included in interest expense.
These amounts primarily represent revenue from interest rate swaps, unrealized net gains on equity securities and other miscellaneous income.
Other real estate owned balance of $4.1 million in the Consolidated Balance Sheets is net of estimated disposal costs.
Included in other comprehensive income.
Balance sheet amounts previously reported for the impact of the initial adoption of CECL on January 1, 2021 have been corrected. The correction decreased the allowance for loan losses by $2.2 million and increased the allowance for unfunded credit commitments by $5.5 million.
In accordance with the prospective adoption of ASU 2016-01, the fair value of loans as of December 31, 2019 & 2018 was measured using an exit price notion.
Other service fees comprise of fees related to letters of credit, wire fees, fees on foreign exchange transactions and other immaterial individual revenue streams.
the amount of periodic net settlement of interest rate swaps was included in interest income.
00008618422022-01-012022-09-30
xbrli:shares
00008618422022-10-31
thunderdome:item
iso4217:USD
00008618422022-09-30
00008618422021-12-31
iso4217:USDxbrli:shares
00008618422022-07-012022-09-30
00008618422021-07-012021-09-30
00008618422021-01-012021-09-30
0000861842us-gaap:DepositAccountMember2022-07-012022-09-30
0000861842us-gaap:DepositAccountMember2021-07-012021-09-30
0000861842us-gaap:DepositAccountMember2022-01-012022-09-30
0000861842us-gaap:DepositAccountMember2021-01-012021-09-30
0000861842us-gaap:AssetManagement1Member2022-07-012022-09-30
0000861842us-gaap:AssetManagement1Member2021-07-012021-09-30
0000861842us-gaap:AssetManagement1Member2022-01-012022-09-30
0000861842us-gaap:AssetManagement1Member2021-01-012021-09-30
0000861842caty:CommonStockOutstandingMember2022-06-30
0000861842us-gaap:AdditionalPaidInCapitalMember2022-06-30
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-30
0000861842us-gaap:RetainedEarningsMember2022-06-30
0000861842us-gaap:TreasuryStockMember2022-06-30
00008618422022-06-30
0000861842caty:CommonStockOutstandingMember2022-07-012022-09-30
0000861842us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-30
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-30
0000861842us-gaap:RetainedEarningsMember2022-07-012022-09-30
0000861842us-gaap:TreasuryStockMember2022-07-012022-09-30
0000861842caty:CommonStockOutstandingMember2022-09-30
0000861842us-gaap:AdditionalPaidInCapitalMember2022-09-30
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-30
0000861842us-gaap:RetainedEarningsMember2022-09-30
0000861842us-gaap:TreasuryStockMember2022-09-30
0000861842caty:CommonStockOutstandingMember2021-06-30
0000861842us-gaap:AdditionalPaidInCapitalMember2021-06-30
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-30
0000861842us-gaap:RetainedEarningsMember2021-06-30
0000861842us-gaap:TreasuryStockMember2021-06-30
00008618422021-06-30
0000861842caty:CommonStockOutstandingMember2021-07-012021-09-30
0000861842us-gaap:AdditionalPaidInCapitalMember2021-07-012021-09-30
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-07-012021-09-30
0000861842us-gaap:RetainedEarningsMember2021-07-012021-09-30
0000861842us-gaap:TreasuryStockMember2021-07-012021-09-30
0000861842caty:CommonStockOutstandingMember2021-09-30
0000861842us-gaap:AdditionalPaidInCapitalMember2021-09-30
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-09-30
0000861842us-gaap:RetainedEarningsMember2021-09-30
0000861842us-gaap:TreasuryStockMember2021-09-30
00008618422021-09-30
0000861842caty:CommonStockOutstandingMember2021-12-31
0000861842us-gaap:AdditionalPaidInCapitalMember2021-12-31
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-31
0000861842us-gaap:RetainedEarningsMember2021-12-31
0000861842us-gaap:TreasuryStockMember2021-12-31
0000861842caty:CommonStockOutstandingMember2022-01-012022-09-30
0000861842us-gaap:AdditionalPaidInCapitalMember2022-01-012022-09-30
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-30
0000861842us-gaap:RetainedEarningsMember2022-01-012022-09-30
0000861842us-gaap:TreasuryStockMember2022-01-012022-09-30
0000861842caty:CommonStockOutstandingMember2020-12-31
0000861842us-gaap:AdditionalPaidInCapitalMember2020-12-31
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-31
0000861842us-gaap:RetainedEarningsMember2020-12-31
0000861842us-gaap:TreasuryStockMember2020-12-31
00008618422020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMembercaty:CommonStockOutstandingMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AdditionalPaidInCapitalMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:TreasuryStockMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-12-31
0000861842caty:CommonStockOutstandingMember2021-01-012021-09-30
0000861842us-gaap:AdditionalPaidInCapitalMember2021-01-012021-09-30
0000861842us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-09-30
0000861842us-gaap:RetainedEarningsMember2021-01-012021-09-30
0000861842us-gaap:TreasuryStockMember2021-01-012021-09-30
xbrli:pure
0000861842caty:SouthernCaliforniaMember2022-09-30
0000861842caty:NorthernCaliforniaMember2022-09-30
0000861842stpr:NY2022-09-30
0000861842stpr:WA2022-09-30
0000861842stpr:IL2022-09-30
0000861842stpr:TX2022-09-30
0000861842stpr:NJ2022-09-30
0000861842country:HK2022-09-30
0000861842caty:HSBCBankUSAMember2022-02-07
0000861842caty:HSBCBankUSAWestCoastMassMarketConsumerAndRetailBankingBusinessMember2022-02-07
0000861842caty:HSBCBankUSAWestCoastMassMarketConsumerAndRetailBankingBusinessMember2022-02-072022-02-07
00008618422021-01-012021-12-31
0000861842caty:BankMember2022-09-30
0000861842caty:BankMember2021-12-31
utr:Y
0000861842us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-09-30
0000861842caty:PerformanceBasedRestrictedStockUnitsMembersrt:MinimumMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2022-09-30
0000861842caty:PerformanceBasedRestrictedStockUnitsMembersrt:MaximumMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2022-09-30
0000861842caty:PerformanceBasedRestrictedStockUnitsMember2022-01-012022-09-30
0000861842caty:TimeBasedRestrictedStockUnitsMember2021-12-31
0000861842caty:PerformanceBasedRestrictedStockUnitsMember2021-12-31
0000861842caty:TimeBasedRestrictedStockUnitsMember2022-01-012022-09-30
0000861842caty:TimeBasedRestrictedStockUnitsMember2022-09-30
0000861842caty:PerformanceBasedRestrictedStockUnitsMember2022-09-30
0000861842us-gaap:RestrictedStockUnitsRSUMember2022-07-012022-09-30
0000861842us-gaap:RestrictedStockUnitsRSUMember2021-07-012021-09-30
0000861842us-gaap:RestrictedStockUnitsRSUMember2021-01-012021-09-30
0000861842us-gaap:RestrictedStockUnitsRSUMember2022-09-30
0000861842us-gaap:RestrictedStockUnitsRSUMember2021-09-30
0000861842us-gaap:USTreasurySecuritiesMember2022-09-30
0000861842us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2022-09-30
0000861842us-gaap:MortgageBackedSecuritiesMember2022-09-30
0000861842us-gaap:CollateralizedMortgageObligationsMember2022-09-30
0000861842us-gaap:CorporateDebtSecuritiesMember2022-09-30
0000861842us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-12-31
0000861842us-gaap:MortgageBackedSecuritiesMember2021-12-31
0000861842us-gaap:CollateralizedMortgageObligationsMember2021-12-31
0000861842us-gaap:CorporateDebtSecuritiesMember2021-12-31
0000861842us-gaap:USTreasurySecuritiesMember2022-09-30
0000861842us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2022-09-30
0000861842us-gaap:MortgageBackedSecuritiesMember2022-09-30
0000861842us-gaap:CollateralizedMortgageObligationsMember2022-09-30
0000861842us-gaap:CorporateDebtSecuritiesMember2022-09-30
0000861842us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-12-31
0000861842us-gaap:MortgageBackedSecuritiesMember2021-12-31
0000861842us-gaap:CollateralizedMortgageObligationsMember2021-12-31
0000861842us-gaap:CorporateDebtSecuritiesMember2021-12-31
0000861842us-gaap:AssetPledgedAsCollateralMembercaty:PublicDepositsAndOtherBorrowingsMember2022-09-30
0000861842us-gaap:AssetPledgedAsCollateralMembercaty:PublicDepositsAndOtherBorrowingsMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMember2021-12-31
0000861842caty:EquityLinesPortfolioSegmentMember2022-09-30
0000861842caty:EquityLinesPortfolioSegmentMember2021-12-31
0000861842caty:InstallmentAndOtherLoansMember2022-09-30
0000861842caty:InstallmentAndOtherLoansMember2021-12-31
0000861842caty:NonaccrualLoansMember2022-09-30
0000861842caty:NonaccrualLoansMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMember2022-07-012022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMember2022-01-012022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2022-07-012022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-07-012022-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-01-012022-09-30
0000861842caty:InstallmentAndOtherLoansMember2022-07-012022-09-30
0000861842caty:InstallmentAndOtherLoansMember2022-01-012022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMember2021-07-012021-09-30
0000861842us-gaap:CommercialPortfolioSegmentMember2021-01-012021-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMember2021-07-012021-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMember2021-01-012021-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2021-07-012021-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-07-012021-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-01-012021-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-09-30
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-30
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-30
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-30
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancialAssetPastDueMember2022-09-30
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-09-30
0000861842us-gaap:FinancingReceivables30To59DaysPastDueMember2022-09-30
0000861842us-gaap:FinancingReceivables60To89DaysPastDueMember2022-09-30
0000861842us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-09-30
0000861842us-gaap:FinancialAssetPastDueMember2022-09-30
0000861842us-gaap:FinancialAssetNotPastDueMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-31
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-31
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-31
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-31
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-31
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-31
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-31
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-31
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-31
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancialAssetPastDueMember2021-12-31
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-31
0000861842us-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-31
0000861842us-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-31
0000861842us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-31
0000861842us-gaap:FinancialAssetPastDueMember2021-12-31
0000861842us-gaap:FinancialAssetNotPastDueMember2021-12-31
0000861842caty:AccruingTroubledDebtRestructuringMember2022-09-30
0000861842caty:NonaccruingTroubledDebtRestructuringMember2022-09-30
0000861842caty:AccruingTroubledDebtRestructuringMember2021-12-31
0000861842caty:NonaccruingTroubledDebtRestructuringMember2021-12-31
0000861842caty:AccruingTroubledDebtRestructuringMember2022-01-012022-09-30
0000861842caty:NonaccruingTroubledDebtRestructuringMember2022-01-012022-09-30
0000861842caty:AccruingTroubledDebtRestructuringMember2021-01-012021-12-31
0000861842caty:NonaccruingTroubledDebtRestructuringMember2021-01-012021-12-31
0000861842caty:CommercialMortgageLoansMember2022-07-012022-09-30
0000861842caty:CommercialMortgageLoansMember2022-01-012022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMember2022-09-30
0000861842caty:AccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2022-09-30
0000861842caty:AccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2022-09-30
0000861842caty:AccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2022-09-30
0000861842caty:AccruingTroubledDebtRestructuringMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMember2022-09-30
0000861842caty:NonaccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2022-09-30
0000861842caty:NonaccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2022-09-30
0000861842caty:NonaccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2022-09-30
0000861842caty:NonaccruingTroubledDebtRestructuringMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:AccruingTroubledDebtRestructuringMember2021-12-31
0000861842caty:AccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2021-12-31
0000861842caty:AccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2021-12-31
0000861842caty:AccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2021-12-31
0000861842caty:AccruingTroubledDebtRestructuringMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMembercaty:NonaccruingTroubledDebtRestructuringMember2021-12-31
0000861842caty:NonaccruingTroubledDebtRestructuringMemberus-gaap:PaymentDeferralMember2021-12-31
0000861842caty:NonaccruingTroubledDebtRestructuringMemberus-gaap:ContractualInterestRateReductionMember2021-12-31
0000861842caty:NonaccruingTroubledDebtRestructuringMembercaty:RateReductionAndPaymentDeferralMember2021-12-31
0000861842caty:NonaccruingTroubledDebtRestructuringMember2021-12-31
utr:D
0000861842srt:MinimumMember2022-01-012022-09-30
0000861842srt:MaximumMember2022-01-012022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:PassMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:SubstandardMember2022-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMember2022-01-012022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2022-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2022-09-30
0000861842us-gaap:ResidentialPortfolioSegmentMember2022-01-012022-09-30
0000861842caty:EquityLinesPortfolioSegmentMemberus-gaap:PassMember2022-09-30
0000861842caty:EquityLinesPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-09-30
0000861842caty:EquityLinesPortfolioSegmentMemberus-gaap:SubstandardMember2022-09-30
0000861842caty:EquityLinesPortfolioSegmentMember2022-01-012022-09-30
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:PassMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:PassMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMember2021-01-012021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2021-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-31
0000861842us-gaap:ResidentialPortfolioSegmentMember2021-01-012021-12-31
0000861842caty:EquityLinesPortfolioSegmentMemberus-gaap:PassMember2021-12-31
0000861842caty:EquityLinesPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-31
0000861842caty:EquityLinesPortfolioSegmentMember2021-01-012021-12-31
0000861842caty:InstallmentAndOtherLoansMemberus-gaap:PassMember2021-12-31
0000861842caty:InstallmentAndOtherLoansMember2021-01-012021-12-31
0000861842us-gaap:CommercialPortfolioSegmentMember2022-06-30
0000861842caty:RealEstateConstructionPortfolioSegmentMember2022-06-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-06-30
0000861842caty:InstallmentAndOtherLoansMember2022-06-30
0000861842caty:RealEstateConstructionPortfolioSegmentMember2022-07-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2022-06-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2022-06-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-06-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2022-06-30
0000861842us-gaap:CommitmentsToExtendCreditMember2022-06-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2022-07-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2022-07-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-07-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-07-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2022-07-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMember2022-07-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMember2022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMember2021-06-30
0000861842caty:RealEstateConstructionPortfolioSegmentMember2021-06-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-06-30
0000861842caty:InstallmentAndOtherLoansMember2021-06-30
0000861842caty:InstallmentAndOtherLoansMember2021-07-012021-09-30
0000861842us-gaap:CommercialPortfolioSegmentMember2021-09-30
0000861842caty:RealEstateConstructionPortfolioSegmentMember2021-09-30
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2021-09-30
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-09-30
0000861842caty:InstallmentAndOtherLoansMember2021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2021-06-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2021-06-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-06-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2021-06-30
0000861842us-gaap:CommitmentsToExtendCreditMember2021-06-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2021-07-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2021-07-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-07-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-07-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2021-07-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMember2021-07-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMember2021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2021-12-31
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2021-12-31
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-31
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-12-31
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2021-12-31
0000861842us-gaap:CommitmentsToExtendCreditMember2021-12-31
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2022-01-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-01-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2022-01-012022-09-30
0000861842us-gaap:CommitmentsToExtendCreditMember2022-01-012022-09-30
0000861842us-gaap:CommercialPortfolioSegmentMember2020-12-31
0000861842caty:RealEstateConstructionPortfolioSegmentMember2020-12-31
0000861842us-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-31
0000861842caty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2020-12-31
0000861842caty:InstallmentAndOtherLoansMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialPortfolioSegmentMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMembercaty:RealEstateConstructionPortfolioSegmentMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMembercaty:InstallmentAndOtherLoansMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommercialPortfolioSegmentMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembercaty:RealEstateConstructionPortfolioSegmentMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembercaty:InstallmentAndOtherLoansMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-31
0000861842caty:InstallmentAndOtherLoansMember2021-01-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2020-12-31
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2020-12-31
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-31
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2020-12-31
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2020-12-31
0000861842us-gaap:CommitmentsToExtendCreditMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2020-12-31
0000861842us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommitmentsToExtendCreditMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2020-12-31
0000861842srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommitmentsToExtendCreditMember2020-12-31
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:RealEstateConstructionPortfolioSegmentMember2021-01-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-01-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMembercaty:InstallmentAndOtherLoansMember2021-01-012021-09-30
0000861842us-gaap:CommitmentsToExtendCreditMember2021-01-012021-09-30
0000861842caty:QualifiedAffordableHousingAndAlternativeEnergyPartnershipsMember2022-09-30
0000861842caty:QualifiedAffordableHousingAndAlternativeEnergyPartnershipsMember2021-12-31
0000861842caty:NonOvernightBorrowingsMember2022-09-30
0000861842caty:NonOvernightBorrowingsMember2021-12-31
0000861842caty:MatureInOctober2022Member2022-09-30
0000861842caty:MatureInMay2023Member2022-09-30
0000861842caty:MatureInSeptember2024Member2022-09-30
0000861842us-gaap:JuniorSubordinatedDebtMember2022-09-30
0000861842us-gaap:JuniorSubordinatedDebtMember2021-12-31
0000861842us-gaap:JuniorSubordinatedDebtMember2022-01-012022-09-30
0000861842us-gaap:DomesticCountryMemberus-gaap:InternalRevenueServiceIRSMember2022-01-012022-09-30
0000861842us-gaap:StateAndLocalJurisdictionMemberus-gaap:CaliforniaFranchiseTaxBoardMember2022-01-012022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasurySecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialMortgageBackedSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialMortgageBackedSecuritiesMember2022-09-30
0000861842us-gaap:CommercialMortgageBackedSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:CollateralizedMortgageObligationsMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:CollateralizedMortgageObligationsMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Member2022-09-30
0000861842us-gaap:FairValueInputsLevel2Member2022-09-30
0000861842us-gaap:FairValueInputsLevel3Member2022-09-30
0000861842us-gaap:FairValueInputsLevel1Membercaty:MutualFundsMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Membercaty:MutualFundsMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Membercaty:MutualFundsMember2022-09-30
0000861842caty:MutualFundsMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Membercaty:OtherEquitySecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Membercaty:OtherEquitySecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Membercaty:OtherEquitySecuritiesMember2022-09-30
0000861842caty:OtherEquitySecuritiesMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:WarrantMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:WarrantMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2022-09-30
0000861842us-gaap:WarrantMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateSwapMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateSwapMember2022-09-30
0000861842us-gaap:InterestRateSwapMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignExchangeContractMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignExchangeContractMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignExchangeContractMember2022-09-30
0000861842us-gaap:ForeignExchangeContractMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-31
0000861842us-gaap:CommercialMortgageBackedSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:CollateralizedMortgageObligationsMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:CollateralizedMortgageObligationsMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Member2021-12-31
0000861842us-gaap:FairValueInputsLevel2Member2021-12-31
0000861842us-gaap:FairValueInputsLevel3Member2021-12-31
0000861842us-gaap:FairValueInputsLevel1Membercaty:MutualFundsMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Membercaty:MutualFundsMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Membercaty:MutualFundsMember2021-12-31
0000861842caty:MutualFundsMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Membercaty:OtherEquitySecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Membercaty:OtherEquitySecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Membercaty:OtherEquitySecuritiesMember2021-12-31
0000861842caty:OtherEquitySecuritiesMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:WarrantMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:WarrantMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2021-12-31
0000861842us-gaap:WarrantMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateSwapMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateSwapMember2021-12-31
0000861842us-gaap:InterestRateSwapMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignExchangeContractMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignExchangeContractMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignExchangeContractMember2021-12-31
0000861842us-gaap:ForeignExchangeContractMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-07-012022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-07-012021-09-30
0000861842caty:ImpairedLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-07-012022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-07-012021-09-30
0000861842caty:ImpairedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Membercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Membercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-09-30
0000861842caty:ImpairedLoansMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-07-012022-09-30
0000861842caty:ImpairedLoansMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-07-012021-09-30
0000861842caty:ImpairedLoansMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2022-01-012022-09-30
0000861842caty:ImpairedLoansMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-01-012021-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembercaty:OtherInstallmentLoansMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMembercaty:OtherInstallmentLoansMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembercaty:OtherInstallmentLoansMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembercaty:OtherInstallmentLoansMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembercaty:OtherInstallmentLoansMember2022-07-012022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembercaty:OtherInstallmentLoansMember2021-07-012021-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembercaty:OtherInstallmentLoansMember2022-01-012022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembercaty:OtherInstallmentLoansMember2021-01-012021-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:ImpairedLoansMember2022-07-012022-09-30
0000861842caty:ImpairedLoansMember2021-07-012021-09-30
0000861842caty:ImpairedLoansMember2022-01-012022-09-30
0000861842caty:ImpairedLoansMember2021-01-012021-09-30
0000861842caty:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:OtherRealEstateOwnedMember2022-07-012022-09-30
0000861842caty:OtherRealEstateOwnedMember2021-07-012021-09-30
0000861842caty:OtherRealEstateOwnedMember2022-01-012022-09-30
0000861842caty:OtherRealEstateOwnedMember2021-01-012021-09-30
0000861842caty:InvestmentsInVentureCapitalMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:InvestmentsInVentureCapitalMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:InvestmentsInVentureCapitalMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:InvestmentsInVentureCapitalMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:InvestmentsInVentureCapitalMember2022-07-012022-09-30
0000861842caty:InvestmentsInVentureCapitalMember2021-07-012021-09-30
0000861842caty:InvestmentsInVentureCapitalMember2022-01-012022-09-30
0000861842caty:InvestmentsInVentureCapitalMember2021-01-012021-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842us-gaap:FairValueMeasurementsNonrecurringMember2022-09-30
0000861842caty:NetOfEstimatedDisposalCostsMember2022-09-30
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:CommercialPortfolioSegmentMember2020-01-012020-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-01-012020-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Membercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Membercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Membercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-12-31
0000861842caty:ImpairedLoansMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2021-01-012021-12-31
0000861842caty:ImpairedLoansMembercaty:ResidentialMortgageAndEquityLinesPortfolioSegmentMember2020-01-012020-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:ImpairedLoansMember2021-01-012021-12-31
0000861842caty:ImpairedLoansMember2020-01-012020-12-31
0000861842caty:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:OtherRealEstateOwnedMember2021-01-012021-12-31
0000861842caty:OtherRealEstateOwnedMember2020-01-012020-12-31
0000861842caty:InvestmentsInVentureCapitalMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:InvestmentsInVentureCapitalMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:InvestmentsInVentureCapitalMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:InvestmentsInVentureCapitalMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842caty:InvestmentsInVentureCapitalMember2021-01-012021-12-31
0000861842caty:InvestmentsInVentureCapitalMember2020-01-012020-12-31
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
0000861842us-gaap:FairValueMeasurementsNonrecurringMember2021-12-31
00008618422020-01-012020-12-31
0000861842caty:NetOfEstimatedDisposalCostsMember2021-12-31
0000861842srt:MinimumMember2022-09-30
0000861842srt:MaximumMember2022-09-30
0000861842caty:WarrantsOutstandingMembersrt:MinimumMember2022-01-012022-09-30
0000861842caty:WarrantsOutstandingMembersrt:MaximumMember2022-01-012022-09-30
0000861842us-gaap:MeasurementInputRiskFreeInterestRateMembersrt:MinimumMember2022-09-30
0000861842us-gaap:MeasurementInputRiskFreeInterestRateMembersrt:MaximumMember2022-09-30
0000861842us-gaap:MeasurementInputPriceVolatilityMembersrt:MinimumMember2022-09-30
0000861842us-gaap:MeasurementInputPriceVolatilityMembersrt:MaximumMember2022-09-30
0000861842us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-09-30
0000861842us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-30
0000861842us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-31
0000861842us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31
0000861842caty:Warrants1Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-09-30
0000861842caty:Warrants1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-30
0000861842caty:Warrants1Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-31
0000861842caty:Warrants1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-30
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-30
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-30
0000861842caty:Warrants1Memberus-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-30
0000861842caty:Warrants1Memberus-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-30
0000861842caty:Warrants1Memberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-09-30
0000861842us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31
0000861842us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31
0000861842us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31
0000861842caty:Warrants1Memberus-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31
0000861842caty:Warrants1Memberus-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31
0000861842caty:Warrants1Memberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2014-05-31
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2014-05-312014-05-31
00008618422014-05-31
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-31
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-01-012022-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-12-31
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-07-012022-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-012021-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembersrt:MinimumMember2022-01-012022-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembersrt:MaximumMember2022-01-012022-09-30
0000861842caty:LoansReceivableWithPartialTermHedgingDesignationMember2022-09-30
0000861842us-gaap:CashMember2022-09-30
0000861842us-gaap:CashMember2021-12-31
0000861842us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-31
0000861842us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-12-31
0000861842us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-01-012022-09-30
0000861842us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-12-31
0000861842us-gaap:ForeignExchangeForwardMemberus-gaap:NondesignatedMember2022-09-30
0000861842us-gaap:ForeignExchangeForwardMemberus-gaap:NondesignatedMember2021-12-31
0000861842caty:SpotForwardAndSwapContractsWithPositiveFairValueMemberus-gaap:NondesignatedMember2022-09-30
0000861842caty:SpotForwardAndSwapContractsWithPositiveFairValueMemberus-gaap:NondesignatedMember2021-12-31
0000861842caty:SpotForwardAndSwapContractsWithNegativeFairValueMemberus-gaap:NondesignatedMember2022-09-30
0000861842caty:SpotForwardAndSwapContractsWithNegativeFairValueMemberus-gaap:NondesignatedMember2021-12-31
0000861842caty:FeesAndServicesChargesOnDepositAccountMember2022-07-012022-09-30
0000861842caty:FeesAndServicesChargesOnDepositAccountMember2021-07-012021-09-30
0000861842caty:FeesAndServicesChargesOnDepositAccountMember2022-01-012022-09-30
0000861842caty:FeesAndServicesChargesOnDepositAccountMember2021-01-012021-09-30
0000861842caty:WealthManagementFeesMember2022-07-012022-09-30
0000861842caty:WealthManagementFeesMember2021-07-012021-09-30
0000861842caty:WealthManagementFeesMember2022-01-012022-09-30
0000861842caty:WealthManagementFeesMember2021-01-012021-09-30
0000861842caty:OtherServiceFeesMember2022-07-012022-09-30
0000861842caty:OtherServiceFeesMember2021-07-012021-09-30
0000861842caty:OtherServiceFeesMember2022-01-012022-09-30
0000861842caty:OtherServiceFeesMember2021-01-012021-09-30
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-06-30
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-06-30
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-06-30
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-06-30
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-07-012022-09-30
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-07-012021-09-30
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-07-012022-09-30
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-07-012021-09-30
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-09-30
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-09-30
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-09-30
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-09-30
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-31
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-31
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-12-31
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-12-31
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-09-30
0000861842us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-09-30
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-09-30
0000861842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-01-012021-09-30
00008618422022-05-26
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended | September 30, 2022 |
OR
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from | | to | |
Commission file number | 001-31830 |
(Exact name of registrant as specified in its charter)
Delaware | | 95-4274680 |
(State of other jurisdiction of incorporation | | (I.R.S. Employer |
or organization) | | Identification No.) |
777 North Broadway, Los Angeles, California | 90012 |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: | (213) 625-4700 |
(Former name, former address, and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered |
Common Stock | CATY | Nasdaq Global Select Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☑ | | Accelerated filer ☐ |
Non-accelerated filer ☐ | Smaller reporting company ☐ | Emerging growth company ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
Common stock, $.01 par value, 74,413,792 shares outstanding as of October 31, 2022.
CATHAY GENERAL BANCORP AND SUBSIDIARIES
3RD QUARTER 2022 REPORT ON FORM 10-Q
TABLE OF CONTENTS
Forward-Looking Statements
In this Quarterly Report on Form 10-Q, the term “Bancorp” refers to Cathay General Bancorp and the term “Bank” refers to Cathay Bank. The terms “Company,” “we,” “us,” and “our” refer to Bancorp and the Bank collectively.
The statements in this report include forward-looking statements within the meaning of the applicable provisions of the Private Securities Litigation Reform Act of 1995 regarding management’s beliefs, projections, and assumptions concerning future results and events. We intend such forward-looking statements to be covered by the safe harbor provision for forward-looking statements in these provisions. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including statements about anticipated future operating and financial performance, financial position and liquidity, growth opportunities and growth rates, growth plans, acquisition and divestiture opportunities, business prospects, strategic alternatives, business strategies, financial expectations, regulatory and competitive outlook, loan and deposit growth, investment and expenditure plans, financing needs and availability, level of nonperforming assets, and other similar forecasts and statements of expectation and statements of assumptions underlying any of the foregoing. Words such as “aims,” “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “hopes,” “intends,” “may,” “optimistic,” “plans,” “potential,” “possible,” “predicts,” “projects,” “seeks,” “shall,” “should,” “will,” and variations of these words and similar expressions are intended to identify these forward-looking statements. Forward-looking statements by us are based on estimates, beliefs, projections, and assumptions of management and are not guarantees of future performance. These forward-looking statements are subject to certain risks, uncertainties and other factors that could cause actual results to differ materially from our historical experience and our present expectations or projections. Such risks, uncertainties and other factors include, but are not limited to:
|
● |
local, regional, national, and international economic and market conditions and events and the impact they may have on us, our customers and our operations, assets and liabilities; |
|
● |
the impact on our business, operations, financial condition, liquidity, results of operations, prospects and trading prices of our shares arising out of the COVID-19 pandemic and its related economic impacts; |
|
● |
possible additional provisions for loan losses and charge-offs; |
|
● |
credit risks of lending activities and deterioration in asset or credit quality; |
|
● |
extensive laws and regulations and supervision that we are subject to, including potential supervisory action by bank supervisory authorities; |
|
● |
increased costs of compliance and other risks associated with changes in regulation; |
|
● |
higher capital requirements from the implementation of the Basel III capital standards; |
|
● |
compliance with the Bank Secrecy Act and other money laundering statutes and regulations; |
|
● |
potential goodwill impairment; |
|
● |
liquidity risk; |
|
● |
fluctuations in interest rates; |
|
● |
risks associated with acquisitions and the expansion of our business into new markets; |
|
● |
inflation and deflation; |
|
● |
real estate market conditions and the value of real estate collateral; |
|
● |
environmental liabilities; |
|
● |
our ability to generate anticipated returns from our investments and/or financings in certain tax advantaged-projects; |
|
● |
our ability to compete with larger competitors; |
|
● |
our ability to retain key personnel; |
|
● |
successful management of reputational risk; |
|
● |
natural disasters, public health crises (including the occurrence of a contagious disease or illness, such as COVID-19) and geopolitical events; |
|
● |
failures, interruptions, or security breaches of our information systems; |
|
● |
our ability to adapt our systems to the expanding use of technology in banking; |
|
● |
risk management processes and strategies; |
|
● |
adverse results in legal proceedings; |
|
● |
the impact of regulatory enforcement actions, if any; |
|
● |
certain provisions in our charter and bylaws that may affect acquisition of the Company; |
|
● |
changes in accounting standards or tax laws and regulations; |
|
● |
market disruption and volatility; |
|
● |
fluctuations in the Bancorp’s stock price; |
|
● |
restrictions on dividends and other distributions by laws and regulations and by our regulators and our capital structure; |
|
● |
issuances of preferred stock; |
|
● |
capital level requirements and successfully raising additional capital, if needed, and the resulting dilution of interests of holders of Bancorp common stock; and |
|
● |
the soundness of other financial institutions. |
These and other factors are further described in Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 (Item 1A in particular), other reports and registration statements filed with the Securities and Exchange Commission (“SEC”), and other filings Bancorp makes with the SEC from time to time. Actual results in any future period may also vary from the past results discussed in this report. Given these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. We have no intention and undertake no obligation to update any forward-looking statement or to announce publicly any revision of any forward-looking statement to reflect developments, events, occurrences, or circumstances after the date of such statement, except as required by law.
Bancorp’s filings with the SEC are available at the website maintained by the SEC at http://www.sec.gov, or by request directed to Cathay General Bancorp, 9650 Flair Drive, El Monte, California 91731, Attention: Investor Relations (626) 279-3296.
PART I – FINANCIAL INFORMATION
Item 1. FINANCIAL STATEMENTS (Unaudited)
CATHAY GENERAL BANCORP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
| | September 30, 2022 | | | December 31, 2021 | |
| | (In thousands, except share and per share data) | |
Assets | | | | | | | | |
Cash and due from banks | | $ | 200,051 | | | $ | 134,141 | |
Short-term investments and interest-bearing deposits | | | 1,063,294 | | | | 2,315,563 | |
Securities available-for-sale (amortized cost of $1,577,311 at September 30, 2022, and $1,126,867 at December 31, 2021) | | | 1,414,411 | | | | 1,127,309 | |
Loans | | | 18,106,803 | | | | 16,342,479 | |
Less: Allowance for loan losses | | | (148,817 | ) | | | (136,157 | ) |
Unamortized deferred loan fees, net | | | (6,936 | ) | | | (4,321 | ) |
Loans, net | | | 17,951,050 | | | | 16,202,001 | |
Equity securities | | | 23,123 | | | | 22,319 | |
Federal Home Loan Bank stock | | | 17,250 | | | | 17,250 | |
Other real estate owned, net | | | 4,067 | | | | 4,368 | |
Affordable housing investments and alternative energy partnerships, net | | | 325,439 | | | | 299,211 | |
Premises and equipment, net | | | 96,419 | | | | 99,402 | |
Customers’ liability on acceptances | | | 6,899 | | | | 8,112 | |
Accrued interest receivable | | | 71,177 | | | | 56,994 | |
Goodwill | | | 375,696 | | | | 372,189 | |
Other intangible assets, net | | | 6,948 | | | | 4,627 | |
Right-of-use assets - operating leases | | | 30,679 | | | | 27,834 | |
Other assets | | | 303,628 | | | | 195,403 | |
Total assets | | $ | 21,890,131 | | | $ | 20,886,723 | |
| | | | | | | | |
Liabilities and Stockholders’ Equity | | | | | | | | |
Deposits: | | | | | | | | |
Non-interest-bearing demand deposits | | $ | 4,398,152 | | | $ | 4,492,054 | |
Interest-bearing deposits: | | | | | | | | |
NOW deposits | | | 2,570,036 | | | | 2,522,442 | |
Money market deposits | | | 4,935,266 | | | | 4,611,579 | |
Savings deposits | | | 1,128,823 | | | | 915,515 | |
Time deposits | | | 5,543,474 | | | | 5,517,252 | |
Total deposits | | | 18,575,751 | | | | 18,058,842 | |
Advances from the Federal Home Loan Bank | | | 360,000 | | | | 20,000 | |
Other borrowings of affordable housing investments | | | 22,651 | | | | 23,145 | |
Long-term debt | | | 119,136 | | | | 119,136 | |
Acceptances outstanding | | | 6,899 | | | | 8,112 | |
Lease liabilities - operating leases | | | 33,931 | | | | 30,694 | |
Other liabilities | | | 352,204 | | | | 180,543 | |
Total liabilities | | | 19,470,572 | | | | 18,440,472 | |
Commitments and contingencies | | | — | | | | — | |
Stockholders’ Equity | | | | | | | | |
Common stock, $0.01 par value, 100,000,000 shares authorized; 91,067,423 issued and 73,411,960 outstanding at September 30, 2022, and 90,871,860 issued and 75,750,862 outstanding at December 31, 2021 | | | 911 | | | | 909 | |
Additional paid-in-capital | | | 978,433 | | | | 972,474 | |
Accumulated other comprehensive loss, net | | | (112,874 | ) | | | (3,065 | ) |
Retained earnings | | | 2,172,098 | | | | 1,985,168 | |
Treasury stock, at cost (17,655,463 shares at September 30, 2022, and 15,120,998 shares at December 31, 2021) | | | (619,009 | ) | | | (509,235 | ) |
Total equity | | | 2,419,559 | | | | 2,446,251 | |
Total liabilities and equity | | $ | 21,890,131 | | | $ | 20,886,723 | |
See accompanying Notes to Consolidated Financial Statements.
CATHAY GENERAL BANCORP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME
(Unaudited)
| | Three months ended September 30, | | | Nine months ended September 30, | |
| | 2022 | | | 2021 | | | 2022 | | | 2021 | |
| | (In thousands, except share and per share data) | |
Interest and Dividend Income | | | | | | | | | | | | | | | | |
Loans receivable | | $ | 211,541 | | | $ | 163,948 | | | $ | 558,657 | | | $ | 485,162 | |
Investment securities | | | 7,483 | | | | 3,707 | | | | 18,059 | | | | 9,963 | |
Federal Home Loan Bank stock | | | 258 | | | | 258 | | | | 774 | | | | 730 | |
Deposits with banks | | | 6,732 | | | | 714 | | | | 10,003 | | | | 1,467 | |
Total interest and dividend income | | | 226,014 | | | | 168,627 | | | | 587,493 | | | | 497,322 | |
| | | | | | | | | | | | | | | | |
Interest Expense | | | | | | | | | | | | | | | | |
Time deposits | | | 10,218 | | | | 9,299 | | | | 22,002 | | | | 33,363 | |
Other deposits | | | 13,871 | | | | 5,243 | | | | 25,894 | | | | 16,302 | |
Advances from Federal Home Loan Bank | | | 2,941 | | | | 146 | | | | 3,396 | | | | 1,036 | |
Long-term debt | | | 1,455 | | | | 1,455 | | | | 4,318 | | | | 4,318 | |
Total interest expense | | | 28,485 | | | | 16,143 | | | | 55,610 | | | | 55,019 | |
| | | | | | | | | | | | | | | | |
Net interest income before provision/(reversal) for credit losses | | | 197,529 | | | | 152,484 | | | | 531,883 | | | | 442,303 | |
Provision/(reversal) for credit losses | | | 2,000 | | | | 3,050 | | | | 13,143 | | | | (19,508 | ) |
Net interest income after provision/(reversal) for credit losses | | | 195,529 | | | | 149,434 | | | | 518,740 | | | | 461,811 | |
| | | | | | | | | | | | | | | | |
Non-Interest Income | | | | | | | | | | | | | | | | |
Net (losses)/gains from equity securities | | | (3,661 | ) | | | 3 | | | | 1,358 | | | | (3,628 | ) |
Securities losses, net | | | — | | | | — | | | | — | | | | 853 | |
Letters of credit commissions | | | 1,609 | | | | 1,764 | | | | 4,767 | | | | 5,236 | |
Depository service fees | | | 1,690 | | | | 1,401 | | | | 4,993 | | | | 4,107 | |
Wealth management fees | | | 4,184 | | | | 3,578 | | | | 12,494 | | | | 11,074 | |
Other operating income | | | 6,054 | | | | 5,470 | | | | 21,114 | | | | 17,157 | |
Total non-interest income | | | 9,876 | | | | 12,216 | | | | 44,726 | | | | 34,799 | |
| | | | | | | | | | | | | | | | |
Non-Interest Expense | | | | | | | | | | | | | | | | |
Salaries and employee benefits | | | 34,677 | | | | 33,437 | | | | 107,453 | | | | 98,917 | |
Occupancy expense | | | 5,975 | | | | 5,136 | | | | 17,150 | | | | 15,142 | |
Computer and equipment expense | | | 3,509 | | | | 3,175 | | | | 9,762 | | | | 10,093 | |
Professional services expense | | | 6,337 | | | | 6,232 | | | | 20,738 | | | | 16,698 | |
Data processing service expense | | | 3,484 | | | | 3,524 | | | | 9,813 | | | | 10,422 | |
FDIC and regulatory assessments | | | 2,003 | | | | 1,830 | | | | 5,999 | | | | 5,195 | |
Marketing expense | | | 2,005 | | | | 945 | | | | 4,692 | | | | 5,270 | |
Other real estate owned expense/(income) | | | 55 | | | | (88 | ) | | | 93 | | | | 197 | |
Amortization of investments in low income housing and alternative energy partnerships | | | 11,949 | | | | 12,411 | | | | 27,471 | | | | 34,663 | |
Amortization of core deposit intangibles | | | 250 | | | | 172 | | | | 724 | | | | 515 | |
Cost associated with debt redemption | | | — | | | | — | | | | — | | | | 732 | |
Acquisition, integration and restructuring costs | | | 59 | | | | 476 | | | | 4,086 | | | | 476 | |
Other operating expense | | | 5,085 | | | | 4,965 | | | | 14,227 | | | | 15,005 | |
Total non-interest expense | | | 75,388 | | | | 72,215 | | | | 222,208 | | | | 213,325 | |
| | | | | | | | | | | | | | | | |
Income before income tax expense | | | 130,017 | | | | 89,435 | | | | 341,258 | | | | 283,285 | |
Income tax expense | | | 30,982 | | | | 17,038 | | | | 78,217 | | | | 60,305 | |
Net income | | $ | 99,035 | | | $ | 72,397 | | | $ | 263,041 | | | $ | 222,980 | |
| | | | | | | | | | | | | | | | |
Other Comprehensive Income, net of tax | | | | | | | | | | | | | | | | |
Net holding losses on securities available-for-sale | | | (43,191 | ) | | | (3,232 | ) | | | (115,612 | ) | | | (7,872 | ) |
Net holding gains on cash flow hedge derivatives | | | 1,645 | | | | 492 | | | | 5,803 | | | | 2,194 | |
Total other comprehensive loss, net of tax | | | (41,546 | ) | | | (2,740 | ) | | | (109,809 | ) | | | (5,678 | ) |
Total other comprehensive income | | $ | 57,489 | | | $ | 69,657 | | | $ | 153,232 | | | $ | 217,302 | |
| | | | | | | | | | | | | | | | |
Net Income Per Common Share: | | | | | | | | | | | | | | | | |
Basic | | $ | 1.35 | | | $ | 0.93 | | | $ | 3.53 | | | $ | 2.83 | |
Diluted | | $ | 1.35 | | | $ | 0.93 | | | $ | 3.52 | | | $ | 2.82 | |
Cash dividends paid per common share | | $ | 0.34 | | | $ | 0.31 | | | $ | 1.02 | | | $ | 0.93 | |
Average Common Shares Outstanding: | | | | | | | | | | | | | | | | |
Basic | | | 73,158,096 | | | | 77,846,424 | | | | 74,475,032 | | | | 78,841,899 | |
Diluted | | | 73,444,096 | | | | 78,153,408 | | | | 74,799,324 | | | | 79,128,644 | |
See accompanying Notes to Consolidated Financial Statements.
CATHAY GENERAL BANCORP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(Unaudited)
| | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | |
| | Common Stock | | | Additional | | | Other | | | | | | | | | | | Total | |
| | Number of | | | | | | | Paid-in | | | Comprehensive | | | Retained | | | Treasury | | | Stockholders' | |
Three months ended | | Shares | | | Amount | | | Capital | | | loss | | | Earnings | | | Stock | | | Equity | |
| | (In thousands, except share data) | |
Balance at June 30, 2022 | | | 74,421,884 | | | $ | 910 | | | $ | 976,547 | | | $ | (71,328 | ) | | $ | 2,098,122 | | | $ | (572,719 | ) | | $ | 2,431,532 | |
Dividend Reinvestment Plan | | | 21,880 | | | | 1 | | | | 919 | | | | — | | | | — | | | | — | | | | 920 | |
Restricted stock units vested | | | 47,736 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Shares withheld related to net share settlement of RSUs | | | — | | | | — | | | | (849 | ) | | | — | | | | — | | | | — | | | | (849 | ) |
Purchases of treasury stock | | | (1,079,540 | ) | | | — | | | | — | | | | — | | | | — | | | | (46,290 | ) | | | (46,290 | ) |
Stock-based compensation | | | — | | | | — | | | | 1,816 | | | | — | | | | — | | | | — | | | | 1,816 | |
Cash dividends of $0.34 per share | | | — | | | | — | | | | — | | | | — | | | | (25,059 | ) | | | — | | | | (25,059 | ) |
Other comprehensive loss | | | — | | | | — | | | | — | | | | (41,546 | ) | | | — | | | | — | | | | (41,546 | ) |
Net income | | | — | | | | — | | | | — | | | | — | | | | 99,035 | | | | — | | | | 99,035 | |
Balance at September 30, 2022 | | | 73,411,960 | | | $ | 911 | | | $ | 978,433 | | | $ | (112,874 | ) | | $ | 2,172,098 | | | $ | (619,009 | ) | | $ | 2,419,559 | |
| | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | |
| | Common Stock | | | Additional | | | Other | | | | | | | | | | | Total | |
| | Number of | | | | | | | Paid-in | | | Comprehensive | | | Retained | | | Treasury | | | Stockholders' | |
| | Shares | | | Amount | | | Capital | | | Income | | | Earnings | | | Stock | | | Equity | |
| | (In thousands, except share data) | |
Balance at June 30, 2021 | | | 78,158,590 | | | $ | 908 | | | $ | 967,166 | | | $ | 2,372 | | | $ | 1,887,571 | | | $ | (405,660 | ) | | $ | 2,452,357 | |
Dividend Reinvestment Plan | | | 22,267 | | | | — | | | | 894 | | | | — | | | | — | | | | — | | | | 894 | |
Restricted stock units vested | | | 1,971 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Shares withheld related to net share settlement of RSUs | | | — | | | | — | | | | (38 | ) | | | — | | | | — | | | | — | | | | (38 | ) |
Purchases of treasury stock | | | (942,613 | ) | | | — | | | | — | | | | — | | | | — | | | | (37,139 | ) | | | (37,139 | ) |
Stock-based compensation | | | — | | | | — | | | | 1,697 | | | | — | | | | — | | | | — | | | | 1,697 | |
Cash dividends of $0.31 per share | | | — | | | | — | | | | — | | | | — | | | | (24,137 | ) | | | — | | | | (24,137 | ) |
Other comprehensive income | | | — | | | | — | | | | — | | | | (2,740 | ) | | | — | | | | — | | | | (2,740 | ) |
Net income | | | — | | | | — | | | | — | | | | — | | | | 72,397 | | | | — | | | | 72,397 | |
Balance at September 30, 2021 | | | 77,240,215 | | | $ | 908 | | | $ | 969,719 | | | $ | (368 | ) | | $ | 1,935,831 | | | $ | (442,799 | ) | | $ | 2,463,291 | |
See accompanying Notes to Consolidated Financial Statements.
CATHAY GENERAL BANCORP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(Unaudited)
| | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | |
| | Common Stock | | | Additional | | | Other | | | | | | | | | | | Total | |
| | Number of | | | | | | | Paid-in | | | Comprehensive | | | Retained | | | Treasury | | | Stockholders' | |
Nine months ended | | Shares | | | Amount | | | Capital | | | loss | | | Earnings | | | Stock | | | Equity | |
| | (In thousands, except share data) | |
Balance at December 31, 2021 | | | 75,750,862 | | | $ | 909 | | | $ | 972,474 | | | $ | (3,065 | ) | | $ | 1,985,168 | | | $ | (509,235 | ) | | $ | 2,446,251 | |
Dividend Reinvestment Plan | | | 65,142 | | | | 1 | | | | 2,791 | | | | — | | | | — | | | | — | | | | 2,792 | |
Restricted stock units vested | | | 110,641 | | | | 1 | | | | — | | | | — | | | | — | | | | — | | | | 1 | |
Stock issued to directors | | | 19,780 | | | | — | | | | 849 | | | | — | | | | — | | | | — | | | | 849 | |
Shares withheld related to net share settlement of RSUs | | | — | | | | — | | | | (2,864 | ) | | | — | | | | — | | | | — | | | | (2,864 | ) |
Purchases of treasury stock | | | (2,534,465 | ) | | | — | | | | — | | | | — | | | | — | | | | (109,774 | ) | | | (109,774 | ) |
Stock-based compensation | | | — | | | | — | | | | 5,183 | | | | — | | | | — | | | | — | | | | 5,183 | |
Cash dividends of $1.02 per share | | | — | | | | — | | | | — | | | | — | | | | (76,111 | ) | | | — | | | | (76,111 | ) |
Other comprehensive loss | | | — | | | | — | | | | — | | | | (109,809 | ) | | | — | | | | — | | | | (109,809 | ) |
Net income | | | — | | | | — | | | | — | | | | — | | | | 263,041 | | | | — | | | | 263,041 | |
Balance at September 30, 2022 | | | 73,411,960 | | | $ | 911 | | | $ | 978,433 | | | $ | (112,874 | ) | | $ | 2,172,098 | | | $ | (619,009 | ) | | $ | 2,419,559 | |
| | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | |
| | Common Stock | | | Additional | | | Other | | | | | | | | | | | Total | |
| | Number of | | | | | | | Paid-in | | | Comprehensive | | | Retained | | | Treasury | | | Stockholders' | |
| | Shares | | | Amount | | | Capital | | | Income or (loss) | | | Earnings | | | Stock | | | Equity | |
| | (In thousands, except share data) | |
Balance at December 31, 2020 | | | 79,508,265 | | | $ | 906 | | | $ | 964,734 | | | $ | 5,310 | | | $ | 1,789,325 | | | $ | (342,131 | ) | | $ | 2,418,144 | |
Cumulative effect of change in accounting principle related to ASC 326, net of tax | | | — | | | | — | | | | — | | | | — | | | | (3,139 | ) | | | — | | | | (3,139 | ) |
Dividend Reinvestment Plan | | | 62,326 | | | | 1 | | | | 2,618 | | | | — | | | | — | | | | — | | | | 2,619 | |
Restricted stock units vested | | | 123,893 | | | | 1 | | | | — | | | | — | | | | — | | | | — | | | | 1 | |
Stock issued to directors | | | 20,750 | | | | — | | | | 850 | | | | — | | | | — | | | | — | | | | 850 | |
Shares withheld related to net share settlement of RSUs | | | — | | | | — | | | | (2,632 | ) | | | — | | | | — | | | | — | | | | (2,632 | ) |
Purchases of treasury stock | | | (2,475,019 | ) | | | — | | | | — | | | | — | | | | — | | | | (100,668 | ) | | | (100,668 | ) |
Stock-based compensation | | | — | | | | — | | | | 4,149 | | | | — | | | | — | | | | — | | | | 4,149 | |
Cash dividends of $0.93 per share | | | — | | | | — | | | | — | | | | — | | | | (73,335 | ) | | | — | | | | (73,335 | ) |
Other comprehensive loss | | | — | | | | — | | | | — | | | | (5,678 | ) | | | — | | | | — | | | | (5,678 | ) |
Net income | | | — | | | | — | | | | — | | | | — | | | | 222,980 | | | | — | | | | 222,980 | |
Balance at September 30, 2021 | | | 77,240,215 | | | $ | 908 | | | $ | 969,719 | | | $ | (368 | ) | | $ | 1,935,831 | | | $ | (442,799 | ) | | $ | 2,463,291 | |
See accompanying Notes to Consolidated Financial Statements.
CATHAY GENERAL BANCORP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
|
|
Nine months ended September 30, |
|
|
|
2022 |
|
|
|