# FAR EAST NATIONAL BANK
LOS ANGELES, CA · FDIC certificate 21851 · asset band $1-10B · latest filing 2017-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.09B | |
| Deposits | $717.5M | |
| Loans and leases | $701.7M | |
| Total equity | $339.6M | |
| Loans / deposits | 97.76% (p73 of band) | 89.41% |
| Liquid assets / assets | 24.38% (p62 of band) | |
| Uninsured deposits / deposits | 40.45% (p81 of band) | 25.99% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.74% (p21 of band) | |
| FHLB advances / assets | 2.74% | |
| Tier 1 leverage | 26.65% (p99 of band) | 10.05% |
| Unrealized securities loss / equity | 0.05% (p55 of band) | -0.01% |
| AOCI / equity | 0.03% (p12 of band) | |
| ROA (annualized) | 0.23% (p3 of band) | 1.02% |
| Net interest margin | 1.04% (p2 of band) | 3.52% |
| Efficiency ratio | 57.06% (p33 of band) | |
| Noncurrent loans | 0.00% (p1 of band) | 0.54% |
| Net charge-offs (annualized) | 0.00% (p22 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 89% | |
| Construction % of loans | 33.67% (p41 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $4.8M (1% of equity) (p81 of band) | |
| Deposits YoY | -27.8% | |
| Employees | 121 | |

## Flags firing in the latest filing

- **NIM <2.5%** (`earn_nim`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 4 |  | charge-offs p90 |
| 2011-09 | 5 | charge-offs p90 |  |
| 2011-12 | 4 | capital falling | noncurrent p90, reserve under noncurrent |
| 2012-03 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, charge-offs p90, capital falling |
| 2012-06 | 4 |  |  |
| 2012-09 | 4 |  |  |
| 2012-12 | 3 |  | expense ratio p90 |
| 2013-03 | 1 |  | assets shrinking, uninsured deposits leaving |
| 2013-06 | 2 | capital falling |  |
| 2013-09 | 1 |  | deposits shrinking |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 3 | loans exceed deposits, deposits shrinking, assets shrinking | capital falling |
| 2015-06 | 2 |  | loans exceed deposits |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 0 |  | deposits shrinking, assets shrinking |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | capital falling |  |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 3 | loans exceed deposits, deposits shrinking, assets shrinking |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 4 | NIM <2.5%, uninsured deposits leaving | loans exceed deposits |

## In the news (Google News, unfiltered, newest first; check the city)

- 2017-10-27 [Cathay General Bancorp Completes Merger Between Cathay Bank And Far East National Bank - PR Newswire](https://news.google.com/rss/articles/CBMi2gFBVV95cUxNVXNiSW8xMW14Ml9Mc2lzd29WWkFWTkZfQUg1cnlBdUlzRDhWRnc3QnVXSFMyZF9GZUJHODhkYkpZb3EyeTY3Z2RHdW9feDRjQ3d5Yy02NHBzTHdTR3hqdkxRQTFZaG9xZVhtb1NOaHBrQ3cteWpzaWRDNm1JbEpHQzFZNTBRaEpQd3lkX0N4b3hmR2ZfVnh4TXRNN2VqeWl5T19MTFBxMjFWaE8za093MUg2NlljUUtNWFdiTW5YbXk1VWFyZ2NGcVBUNG53WENldlBZLTlldko3QQ?oc=5) · PR Newswire
- 2016-07-08 [Cathay Bank to buy fellow Chinatown lender Far East National - Los Angeles Times](https://news.google.com/rss/articles/CBMihgFBVV95cUxPVjk2VXZYRE9qMmF4ZjdOckxTblVMemwyVGxhZTA2OG8yWDFiSDc5SWhrb3JyMm1ELUdKRThHVzBCT2hGa1NHM1FOTXhIQk5SdFJxTWtiRHlVVGFnVjVkY2pUaHVDOWRWaUJXUy01VHhnT3ZTRkR2YThoWVFNSTUxZ0wxOFlpdw?oc=5) · Los Angeles Times
- 2016-07-08 [L.A.'s Cathay Bank Buys Far East National for $340 - Patch](https://news.google.com/rss/articles/CBMilAFBVV95cUxNcTcyeFI2dzhsQ0hpVkgxeVNSSUdwVkdWSW9PY045Q25wNzYwQm5UampWdDNnMXhySk1RNzJmaWt3U1pOWHh4dFJvQkdJbEttMEhvRS0wRVF0dDlwS1NkeWxSMURickw2bno5ajVTaDJoQW0xWjN0VUFrTlRMUENVa0lTYXAzdTRHcnBQVmJaRGRxbTY5?oc=5) · Patch
- 2013-03-31 [Bank Created Little Interest - Los Angeles Business Journal](https://news.google.com/rss/articles/CBMidkFVX3lxTE0taHVpWEprTWh5azJhQWMxa0poVElsMy1JeWhFb0d4bVZlZWxWRGp2aXlSaTBJUDZFbXp0d2dLclhTTnA4dkFsZUE0UkRmVWY1MXZLbmRLandjdUZYdWxOUFVRUlM1NFpTX1Z5bkQ4YnpJX2NmMVE?oc=5) · Los Angeles Business Journal
- 2017-10-18 [Cathay General Bancorp Completes SinoPac Bancorp Acquisition - PR Newswire](https://news.google.com/rss/articles/CBMitwFBVV95cUxQNEhkazN2bXhRc29qYTNWRU1jbkpaOHVvaTBnZHIxME5KTkstTnZmY1V4YzVma1U0Z29BM0V4R2xjcUh0bGZ2Qk1Fb2pCdHFGUVZMZWhiWWlLaHV4eGxkV1A3dUFrU2xBc21zRU95YWdiQXNvdzlqdDZIX2JST2haZXQ1cWFGMFRwc0hzZE9vXy14ZDE1QXBCUVBiYkZhbFNWZ1JrYTFzcGhyTFFmaldRbUVqWjFEZWs?oc=5) · PR Newswire
- 2015-11-13 [Sale of Citizens Bank leaves 44 foreign-owned banks that are FDIC-insured - Cleveland.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxOdkFBNGxOM3pxTmtLcGhxVnJIVEtyYjVGcmRKd0IyRVhjYnR6bnBYdmtWU2MzalZnSWwyTXVBdkM2ZXRiVmVUSkZ4dGtEWTJ3Nm5hcndSV2laNW4yd012OEVFZTNXVEdjVGtNQ1VabnM0ZWVYWVlWYUZCaGxFNTZnbXJYQi0?oc=5) · Cleveland.com
- 2023-01-23 [Why Monterey Park Community Holds A Special Place In LA's Asian Community And Far Beyond - LAist](https://news.google.com/rss/articles/CBMirwFBVV95cUxPa3AxWExCZC1nckUzMEZreXpEb01oYXFTRUpJRHZSdG5IR0x3akhKcW5xdFhOQ2M4cWhnZnZZLTdvRGpQZFdPQjIzU1VSV3Z2anREQjkyN2dNM0ZWbDVDdnQxRGFEcHROclM0RjFUMEtMa05hZGp1SE9BWi1neHNPNmNvZ1BDN190OUlNTVE3aFNrNUZaeXFWeEhoWGRYZW9XTThyZklFRFZLWTM4QWZV?oc=5) · LAist
- 2022-06-18 [Frederick Copeland Obituary - Wethersfield, CT - Dignity Memorial](https://news.google.com/rss/articles/CBMijwFBVV95cUxNME5SakdSMFVqR3hpZWlVQmNtbDVQN0w2aTl5VE5DV0ZGa09lY1p0ZW1ZTXROTmZ1UUJwWDZDY291eE92aEY0Y204QXlZd0N5UUdVMEswVmZUUHhXTFBkTTVaQUlvOVcxVW03eHdvdFlfZWFyOUV4N0N2RF8xZjJFUHhadS1tRlNCd0ZfZy1CSQ?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=21851 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/27.json (key "21851", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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