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Q2 2026 · read from the 30 June 2026 Call Report · United States · Pacific · California, the state note

Cathay Bank

Los Angeles, California · $24.64B in assets · beside the 9 other California banks over $10B

The filing

40.3%
Efficiency
2nd of 10
97.6%
Loans / deposits
9th of 10
1.54%
ROA
3rd of 10

Cathay Bank is the fifth largest of the 10 California banks over $10B, with $24.64B in assets at 30 June 2026. Loans are 97.6% of deposits, 9th of 10 against a median of 84.3%, and equity is 12.6% of assets, 5th of 10. Loans grew +4.1% in the year, 6th of 10, and deposits grew 5.4%; the cohort's median loan growth is +5.2%.

Noncurrent loans are 0.54% of the book, 6th of 10 against a median of 0.49%; 0.33% is 30 to 89 days past due, and the allowance covers them 2.0 times. Commercial real estate is 38.5% of loans, 6th of 10 against a median of 38.5%, and 272% of capital, below the 300% screen, with construction at 10% against the 100% screen.

Return on assets is 1.54%, 3rd of 10 against a median of 0.99%, on an efficiency ratio of 40.3%, 2nd of 10. Five years ago it was 1.61%. The question is which of these lines moves first over the next four quarters, and against which peer.

The efficiency ratioCA banks over $10B · 30 June 2026 · lower is stronger, listed first
median 56.8% EW East West Bank 36.0% CB Cathay Bank 40.3% Bo Bank of America Ca N.A. 43.0% AB Axos Bank 43.1% CB Citizens Business Bank N.A. 52.9% FM Farmers & Merchants Bank Long Be 60.6% MB Mechanics Bank 62.3% Bo Banc of California 63.7% Bo Bank of Hope 64.2% CN City National Bank 65.9%
Loans, year over yearCA banks over $10B · 30 June 2026 · no better direction, largest first
median +5.2% MB Mechanics Bank +46.9% CB Citizens Business Bank N.A. +43.8% AB Axos Bank +24.6% EW East West Bank +7.3% CN City National Bank +6.3% CB Cathay Bank +4.1% Bo Bank of Hope +4.1% FM Farmers & Merchants Bank Long Be +2.7% Bo Banc of California +1.7% Bo Bank of America Ca N.A. -12.3%

SBA 7(a), FY2008 to FY2026

Cathay Bank is the 58th largest 7(a) lender into California of 512, with $235M across 306 loans, 0.4% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 48 of its 65 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Los Angeles, CA$110M43rd of 3080.5%+0.0 pts
San Bernardino, CA$33M30th of 2130.9%-0.6 pts
Orange, CA$24M59th of 2560.3%-0.4 pts
King, WA$16M49th of 1930.3%thin
Alameda, CA$13M41st of 1790.6%thin
Riverside, CA$13M58th of 2190.4%+0.0 pts
Santa Clara, CA$10M52nd of 1870.4%-0.8 pts
Sacramento, CA$9M50th of 1700.4%quiet FY2020
Cook, IL$9M87th of 2820.1%quiet FY2021
San Diego, CA$8M79th of 2380.1%quiet FY2020
Queens, NY$7M48th of 1550.4%thin
Tarrant, TX$7M105th of 2810.2%quiet FY2021
Yakima, WA$6M15th of 841.9%quiet FY2022
52 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Wholesale trade113$90M26.6%0.35%52nd of 1,651
Accommodation & food services96$84M24.7%0.11%163rd of 2,596
Retail trade92$70M20.6%0.11%142nd of 2,589
Health care & social assistance36$31M9.3%0.07%191st of 2,172
Manufacturing25$18M5.4%0.05%318th of 2,246
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and Cathay Bank
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 loans CB Cathay Bank 0.4% $235M · 306 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Cathay BankRankCohort median
Total CRE against capital, the 300% screen272%7th of 10263%
Construction against capital, the 100% screen10%5th of 1014%
Construction and land development, share of loans1.5%4th of 102.2%
Non-owner-occupied nonfarm nonresidential, share of loans24.4%7th of 1017.0%
Total CRE, the guidance definition, share of loans38.5%6th of 1038.5%
CRE growth over 36 months, the third prong+12.6%7th of 9+6.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
City National Bank$99.10B1.0%65.9%0.92%0.03%1.0%84.8%11.4%
East West Bank$84.32B1.7%36.0%0.38%0.13%1.4%83.9%9.9%
Banc of California$34.90B-0.9%63.7%2.34%1.39%1.0%89.0%10.8%
Axos Bank$28.87B2.1%43.1%0.44%0.09%1.1%100.5%9.7%
Cathay Bank$24.64B1.5%40.3%0.54%0.04%1.1%97.6%12.6%
Mechanics Bank$21.25B1.0%62.3%0.41%0.11%1.1%75.1%13.3%
Citizens Business Bank N.A.$21.18B1.0%52.9%0.14%0.00%1.1%73.2%14.7%
Bank of Hope$18.99B0.7%64.2%0.88%0.26%1.0%94.4%12.4%
Bank of America Ca N.A.$14.81B0.7%43.0%0.66%-0.02%0.1%76.7%13.1%
Farmers & Merchants Bank Long Be$11.77B1.0%60.6%0.01%-0.03%1.3%75.7%13.9%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Cathay BankCohort median
20212026Change20212026Change
Loans$15.70B$20.61B+31%$12.51B$17.82B+42%
Deposits$16.56B$21.12B+27%$16.27B$19.61B+21%
NPA / loans0.44%0.54%+0.10 pts0.45%0.49%+0.05 pts
Efficiency43.6%40.3%-3.3 pts45.9%56.8%+10.9 pts
ROA1.61%1.54%-0.06 pts1.35%0.99%-0.36 pts

This read was prepared for Cathay Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Cathay Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort CA banks over $10B
Institution www.cathaybank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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