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Note 20 - Condensed Financial Information of Cathay General Bancorp (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
(In thousands, except |  |  |  |  |  |  |  |
|  | share and per share data) |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 50,174 |  |  | $ | 24,262 |
Short-term certificates of deposit |  |  | 336 |  |  |  | 335 |
Equity securities |  |  | 25,171 |  |  |  | 34,441 |
Investment in Cathay Bank subsidiary |  |  | 2,898,510 |  |  |  | 2,806,467 |
Investment in non-bank subsidiary |  |  | 68 |  |  |  | 68 |
Other assets |  |  | 3,747 |  |  |  | 3,896 |
Total assets |  | $ | 2,978,006 |  |  | $ | 2,869,469 |
Liabilities |  |  |  |  |  |  |  |
Junior subordinated debt |  | $ | 119,136 |  |  | $ | 119,136 |
Other liabilities |  |  | 13,166 |  |  |  | 13,758 |
Total liabilities |  |  | 132,302 |  |  |  | 132,894 |
Commitments and contingencies |  |  | — |  |  |  | — |
Stockholders' equity |  |  |  |  |  |  |  |
Common stock, $0.01 par value, 100,000,000 shares authorized, 91,615,458 issued and 70,863,324 outstanding at December 31, 2024, and 91,392,480 issued and 72,688,927 outstanding at December 31, 2023 |  |  | 916 |  |  |  | 914 |
Additional paid-in-capital |  |  | 993,962 |  |  |  | 987,953 |
Accumulated other comprehensive loss, net |  |  | (85,607 | ) |  |  | (85,416 | )
Retained earnings |  |  | 2,688,353 |  |  |  | 2,500,341 |
Treasury stock, at cost (20,752,134 shares at December 31, 2024, and 18,723,553 shares at December 31, 2023) |  |  | (751,920 | ) |  |  | (667,217 | )
Total equity |  |  | 2,845,704 |  |  |  | 2,736,575 |
Total liabilities and equity |  | $ | 2,978,006 |  |  | $ | 2,869,469 |
Condensed Income Statement [Table Text Block] |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Cash dividends from Cathay Bank |  | $ | 216,000 |  |  | $ | 134,000 |  |  | $ | 232,773 |
Interest income |  |  | 19 |  |  |  | 44 |  |  |  | 30 |
Interest expense |  |  | 8,129 |  |  |  | 6,480 |  |  |  | 5,560 |
Non-interest (loss)/income |  |  | (9,371 | ) |  |  | 17,757 |  |  |  | 1,018 |
Non-interest expense |  |  | 3,742 |  |  |  | 4,065 |  |  |  | 3,937 |
Income before income tax expense |  |  | 194,777 |  |  |  | 141,256 |  |  |  | 224,324 |
Income tax (benefit)/expense |  |  | (5,695 | ) |  |  | 1,707 |  |  |  | (2,885 | )
Income before undistributed earnings of subsidiaries |  |  | 200,472 |  |  |  | 139,549 |  |  |  | 227,209 |
Undistributed earnings of subsidiary |  |  | 85,507 |  |  |  | 214,575 |  |  |  | 133,433 |
Net income |  | $ | 285,979 |  |  | $ | 354,124 |  |  | $ | 360,642 |
Condensed Cash Flow Statement [Table Text Block] |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Cash flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 285,979 |  |  | $ | 354,124 |  |  | $ | 360,642 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | (85,507 | ) |  |  | (214,575 | ) |  |  | (133,433 | )
Loss/(gain) on equity securities |  |  | 9,271 |  |  |  | (17,977 | ) |  |  | (733 | )
Write-downs on venture capital and other investments |  |  | 148 |  |  |  | 179 |  |  |  | 268 |
Loss/(gain) in fair value of warrants |  |  | — |  |  |  | 50 |  |  |  | (27 | )
Stock issued to directors as compensation |  |  | 850 |  |  |  | 850 |  |  |  | 849 |
Net change in accrued interest receivable and other assets |  |  | (2,350 | ) |  |  | 5,216 |  |  |  | (434 | )
Net change in other liabilities |  |  | 980 |  |  |  | (2,371 | ) |  |  | 8,531 |
Net cash provided by operating activities |  |  | 209,371 |  |  |  | 125,496 |  |  |  | 235,663 |
Cash flows from Investment Activities |  |  |  |  |  |  |  |  |  |  |  |
Venture capital and other investments |  |  | 4 |  |  |  | 168 |  |  |  | (5 | )
Net cash provided/(used) by investment activities |  |  | 4 |  |  |  | 168 |  |  |  | (5 | )
Cash flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid |  |  | (97,967 | ) |  |  | (98,638 | ) |  |  | (100,955 | )
Proceeds from shares issued under the Dividend Reinvestment Plan |  |  | 2,933 |  |  |  | 3,491 |  |  |  | 3,720 |
Taxes paid related to net share settlement of RSUs |  |  | (3,726 | ) |  |  | (4,490 | ) |  |  | (2,905 | )
Purchase of treasury stock |  |  | (84,703 | ) |  |  | (16,667 | ) |  |  | (141,316 | )
Net cash used in financing activities |  |  | (183,463 | ) |  |  | (116,304 | ) |  |  | (241,456 | )
Increase/(decrease) in cash, cash equivalents and restricted cash |  |  | 25,912 |  |  |  | 9,360 |  |  |  | (5,798 | )
Cash, cash equivalents, and restricted cash, beginning of the year |  |  | 24,262 |  |  |  | 14,902 |  |  |  | 20,700 |
Cash, cash equivalents, and restricted cash, end of the period |  | $ | 50,174 |  |  | $ | 24,262 |  |  | $ | 14,902 |

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