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Note 20 - Condensed Financial Information of Cathay General Bancorp (Tables) | 12 Months Ended
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Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheet [Table Text Block] |
|  | As of December 31, |
|  | 2014 |  |  | 2013 |
|  | (In thousands, except |
|  | share and per share data) |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 7,420 |  |  | $ | 1,835 |
Cash pledged as margin for interest rate swaps |  |  | 7,465 |  |  |  | - |
Short-term certificates of deposit |  |  | 23,203 |  |  |  | 38,000 |
Securities available for sale |  |  | 10,244 |  |  |  | 11,404 |
Investment in bank subsidiaries |  |  | 1,666,238 |  |  |  | 1,525,459 |
Investment in non-bank subsidiaries |  |  | 2,631 |  |  |  | 2,536 |
Other assets |  |  | 9,541 |  |  |  | 1,462 |
Total assets |  | $ | 1,726,742 |  |  | $ | 1,580,696 |
Liabilities |  |  |  |  |  |  |  |
Junior subordinated debt |  | $ | 119,136 |  |  | $ | 121,136 |
Other liabilities |  |  | 4,718 |  |  |  | 589 |
Total liabilities |  |  | 123,854 |  |  |  | 121,725 |
Commitments and contingencies |  |  | - |  |  |  | - |
Stockholders' equity |  |  |  |  |  |  |  |
Common stock, $0.01 par value, 100,000,000 shares authorized, 84,022,118 issued and 79,814,553 outstanding at December 31, 2014, and 83,797,434 issued and 79,589,869 outstanding at December 31, 2013 |  |  | 840 |  |  |  | 838 |
Additional paid-in-capital |  |  | 789,519 |  |  |  | 784,489 |
Accumulated other comprehensive loss, net |  |  | (5,569 | ) |  |  | (29,729 | )
Retained earnings |  |  | 943,834 |  |  |  | 829,109 |
Treasury stock, at cost (4,207,565 shares at December 31, 2014, and at December 31, 2013) |  |  | (125,736 | ) |  |  | (125,736 | )
Total stockholders' equity |  |  | 1,602,888 |  |  |  | 1,458,971 |
Total liabilities and stockholders' equity |  | $ | 1,726,742 |  |  | $ | 1,580,696 |
Condensed Income Statement [Table Text Block] |
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Cash dividends from Cathay Bank |  | $ | 30,000 |  |  | $ | 138,030 |  |  | $ | 154,700 |
Interest income |  |  | 88 |  |  |  | 157 |  |  |  | 196 |
Interest expense |  |  | 4,469 |  |  |  | 2,994 |  |  |  | 3,228 |
Non-interest income |  |  | 10,144 |  |  |  | 434 |  |  |  | 3,718 |
Non-interest expense |  |  | 2,248 |  |  |  | 2,443 |  |  |  | 2,064 |
Income before income tax benefit |  |  | 33,515 |  |  |  | 133,184 |  |  |  | 153,322 |
Income tax benefit |  |  | 1,478 |  |  |  | (2,037 | ) |  |  | (579 | )
Income before undistributed earnings of subsidiaries |  |  | 32,037 |  |  |  | 135,221 |  |  |  | 153,901 |
Distributions more than earnings of subsidiaries |  |  | - |  |  |  | (12,078 | ) |  |  | (36,463 | )
Undistributed earnings of subsidiary |  |  | 105,793 |  |  |  | - |  |  |  | - |
Net income |  | $ | 137,830 |  |  | $ | 123,143 |  |  | $ | 117,438 |
Condensed Cash Flow Statement [Table Text Block] |
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Cash flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 137,830 |  |  | $ | 123,143 |  |  | $ | 117,438 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Dividends in excess of earnings of subsidiaries |  |  | - |  |  |  | 12,078 |  |  |  | 36,463 |
Equity in undistributed earnings of subsidiaries |  |  | (105,793 | ) |  |  | - |  |  |  | - |
Gains on sale of securities |  |  | (10,689 | ) |  |  | - |  |  |  | (3,380 | )
Income associated with debt redemption |  |  | (555 | ) |  |  | - |  |  |  | - |
Write-downs on venture capital and other investments |  |  | 432 |  |  |  | 357 |  |  |  | 262 |
Write-downs on impaired securities |  |  | 264 |  |  |  | - |  |  |  | 181 |
Loss in fair value of warrants |  |  | 3 |  |  |  | 56 |  |  |  | 114 |
Stock issued to officers as compensation |  |  | 350 |  |  |  | - |  |  |  | - |
Excess tax short-fall from stock options |  |  | 1,285 |  |  |  | 2,509 |  |  |  | 620 |
Net change in other assets |  |  | (3,445 | ) |  |  | (1,684 | ) |  |  | 1,820 |
Net change in other liabilities |  |  | (1,294 | ) |  |  | 27 |  |  |  | 71 |
Net cash provided by operating activities |  |  | 18,388 |  |  |  | 136,486 |  |  |  | 153,589 |
Cash flows from Investment Activities |  |  |  |  |  |  |  |  |  |  |  |
Decrease/(increase) in short-term investment |  |  | 14,797 |  |  |  | 123,300 |  |  |  | (142,300 | )
Proceeds from sale of available-for-sale securities |  |  | 12,083 |  |  |  | - |  |  |  | 4,849 |
Purchase of available-for-sale securities |  |  | (7,920 | ) |  |  | - |  |  |  | - |
Venture capital and other investments |  |  | (590 | ) |  |  | (835 | ) |  |  | (694 | )
Net cash provided by/(used in) investment activities |  |  | 18,370 |  |  |  | 122,465 |  |  |  | (138,145 | )
Cash flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Redemption of Series B preferred stock |  |  | - |  |  |  | (258,000 | ) |  |  | - |
Repayment of long-term debt |  |  | (1,445 | ) |  |  | - |  |  |  | - |
Cash dividends |  |  | (23,104 | ) |  |  | (12,606 | ) |  |  | (16,049 | )
Proceeds from shares issued under the Dividend Reinvestment Plan |  |  | 2,848 |  |  |  | 605 |  |  |  | 291 |
Proceeds from exercise of stock options |  |  | 128 |  |  |  | 14,755 |  |  |  | 764 |
Taxes paid related to net share settlement of RSUs |  |  | (850 | ) |  |  | - |  |  |  | - |
Excess tax short-fall from share-based payment arrangements |  |  | (1,285 | ) |  |  | (2,509 | ) |  |  | (620 | )
Net cash used in financing activities |  |  | (23,708 | ) |  |  | (257,755 | ) |  |  | (15,614 | )
Increase/(decrease) in cash and cash equivalents |  |  | 13,050 |  |  |  | 1,196 |  |  |  | (170 | )
Cash and cash equivalents, beginning of year |  |  | 1,835 |  |  |  | 639 |  |  |  | 809 |
Cash and cash equivalents, end of year |  | $ | 14,885 |  |  | $ | 1,835 |  |  | $ | 639 |

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