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Note 19 - Condensed Financial Information of Cathay General Bancorp (Tables) | 12 Months Ended
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Dec. 31, 2017
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of December 31, |
|  | 2017 |  |  | 2016 |
|  | (In thousands, except |
|  | share and per share data) |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 44,645 |  |  | $ | 34,596 |
Cash pledged as margin for interest rate swaps |  |  | 4,506 |  |  |  | 6,895 |
Short-term certificates of deposit |  |  | 327 |  |  |  | 325 |
Securities available for sale |  |  | 19,806 |  |  |  | 18,129 |
Investment in Cathay Bank subsidiary |  |  | 2,134,445 |  |  |  | 1,879,868 |
Investment in non-bank subsidiaries |  |  | 4,799 |  |  |  | 5,448 |
Other assets |  |  | 6,831 |  |  |  | 6,674 |
Total assets |  | $ | 2,215,359 |  |  | $ | 1,951,935 |
Liabilities |  |  |  |  |  |  |  |
Junior subordinated debt |  | $ | 119,136 |  |  | $ | 119,136 |
Long-term Debt |  |  | 75,000 |  |  |  | - |
Deferred payments from acquisition |  |  | 35,404 |  |  |  | - |
Other liabilities |  |  | 12,515 |  |  |  | 4,260 |
Total liabilities |  |  | 242,055 |  |  |  | 123,396 |
Commitments and contingencies |  |  | - |  |  |  | - |
Stockholders' equity |  |  |  |  |  |  |  |
Common stock, $0.01 par value, 100,000,000 shares authorized, 89,104,022 issued and 80,893,379 outstanding at December 31, 2017, and 87,820,920 issued and 79,610,277 outstanding at December 31, 2016 |  |  | 891 |  |  |  | 878 |
Additional paid-in-capital |  |  | 932,874 |  |  |  | 895,480 |
Accumulated other comprehensive loss, net |  |  | (2,511 | ) |  |  | (3,715 | )
Retained earnings |  |  | 1,281,639 |  |  |  | 1,175,485 |
Treasury stock, at cost (8,210,643 shares at December 31, 2017, and at December 31, 2016) |  |  | (239,589 | ) |  |  | (239,589 | )
Total stockholders' equity |  |  | 1,973,304 |  |  |  | 1,828,539 |
Total liabilities and stockholders' equity |  | $ | 2,215,359 |  |  | $ | 1,951,935 |
Condensed Income Statement [Table Text Block] |
|  | Year Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (In thousands) |
Cash dividends from Cathay Bank and Far East National Bank |  | $ | 265,207 |  |  | $ | 113,448 |  |  | $ | 163,301 |
Cash dividends from GBC Venture Capital |  |  | - |  |  |  | 950 |  |  |  | - |
Interest income |  |  | 221 |  |  |  | 48 |  |  |  | 68 |
Interest expense |  |  | 7,637 |  |  |  | 5,791 |  |  |  | 5,776 |
Non-interest income/(loss) |  |  | 1,909 |  |  |  | (488 | ) |  |  | (1,858 | )
Gain from acquisition |  |  | 5,628 |  |  |  | - |  |  |  | - |
Non-interest expense |  |  | 6,726 |  |  |  | 3,756 |  |  |  | 4,644 |
Income before income tax benefit |  |  | 258,602 |  |  |  | 104,411 |  |  |  | 151,091 |
Income tax benefit |  |  | (5,687 | ) |  |  | (4,199 | ) |  |  | (5,134 | )
Income before undistributed earnings of subsidiaries |  |  | 264,289 |  |  |  | 108,610 |  |  |  | 156,225 |
Undistributed earnings of subsidiary |  |  | (88,247 | ) |  |  | 66,489 |  |  |  | 4,884 |
Net income |  | $ | 176,042 |  |  | $ | 175,099 |  |  | $ | 161,109 |
Condensed Cash Flow Statement [Table Text Block] |
|  | Year Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (In thousands) |
Cash flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 176,042 |  |  | $ | 175,099 |  |  | $ | 161,109 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | 88,247 |  |  |  | (67,770 | ) |  |  | (4,884 | )
Dividends in excess of earnings of non-bank subsidiaries |  |  | - |  |  |  | 1,281 |  |  |  | - |
Write-downs on venture capital and other investments |  |  | 254 |  |  |  | 503 |  |  |  | 468 |
Write-downs on impaired securities |  |  | - |  |  |  | 206 |  |  |  | - |
Loss in fair value of warrants |  |  | (12 | ) |  |  | (17 | ) |  |  | - |
Stock issued to directors as compensation |  |  | 550 |  |  |  | 550 |  |  |  | 495 |
Excess tax short-fall from stock options |  |  | - |  |  |  | - |  |  |  | 5,348 |
Net change in other assets |  |  | (2,138 | ) |  |  | (1,136 | ) |  |  | 619 |
Net change in other liabilities |  |  | 5,949 |  |  |  | (756 | ) |  |  | (5,438 | )
Net cash provided by operating activities |  |  | 268,892 |  |  |  | 107,960 |  |  |  | 157,717 |
Cash flows from Investment Activities |  |  |  |  |  |  |  |  |  |  |  |
(Increase)/decrease in short-term investment |  |  | (2 | ) |  |  | 23,999 |  |  |  | (1,121 | )
Proceeds from sale of available-for-sale securities |  |  | 12,580 |  |  |  | 294 |  |  |  | - |
Purchase of available-for-sale securities |  |  | (2,759 | ) |  |  | - |  |  |  | (410 | )
Venture capital and other investments |  |  | 671 |  |  |  | 134 |  |  |  | - |
Acquisitions, net of cash acquired |  |  | (275,328 | ) |  |  | - |  |  |  | (57,006 | )
Net cash (used in)/provided by investment activities |  |  | (264,838 | ) |  |  | 24,427 |  |  |  | (58,537 | )
Cash flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds of issuance of long-term debt |  |  | 75,000 |  |  |  | - |  |  |  | - |
Cash dividends |  |  | (69,888 | ) |  |  | (59,274 | ) |  |  | (45,283 | )
Proceeds from shares issued under the Dividend Reinvestment Plan |  |  | 2,528 |  |  |  | 2,277 |  |  |  | 4,175 |
Proceeds from exercise of stock options |  |  | 1,094 |  |  |  | 7,661 |  |  |  | 5,014 |
Taxes paid related to net share settlement of RSUs |  |  | (5,128 | ) |  |  | (103 | ) |  |  | (227 | )
Excess tax short-fall from share-based payment arrangements |  |  | - |  |  |  | - |  |  |  | (5,348 | )
Purchase of treasury stock |  |  | - |  |  |  | (54,441 | ) |  |  | (59,412 | )
Net cash used in financing activities |  |  | 3,606 |  |  |  | (103,880 | ) |  |  | (101,081 | )
Increase/(Decrease) in cash and cash equivalents |  |  | 7,660 |  |  |  | 28,507 |  |  |  | (1,901 | )
Cash and cash equivalents, beginning of the year |  |  | 41,491 |  |  |  | 12,984 |  |  |  | 14,885 |
Cash and cash equivalents, end of the year |  | $ | 49,151 |  |  | $ | 41,491 |  |  | $ | 12,984 |

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