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CATHAY BANCORP ANNOUNCES 1992 EARNINGS

 LOS ANGELES, Feb. 11 /PRNewswire/ -- Cathay Bancorp Inc. (NASDAQ: CATY), the holding company of Cathay Bank, today announced its 1992 net income of $10,116,000, or $1.33 per share, compared with $10,014,000, or $1.35 per share for 1991. The 1992 fourth quarter net income was $2,645,000, or $.35 per share, vs. $2,584,000, or $.34 per share for the same quarter of 1991. "Our bank's 1992 earnings have been impacted by the continuing recession in California: Loan loss provision was increased 133 percent to $3.3 million and a significant portion of the increase in non- interest expense went for collection and bank-owned real estate expenses. We feel fortunate to be reporting a modest increase in the 1992 profit, in spite of the recession, the opening of three new branches and the completion of two new bank buildings," said Chairman Gerald Deal.
 Total assets as of Dec. 31, 1992, increased to $832,830,000, up 11 percent from $750,003,000 a year ago. Loans, after allowance for loan losses, increased to $605,204,000, up 9 percent from $553,992,000 a year ago, while deposits rose 11 percent to $748,943,000 from $671,915,000. Stockholders' equity was up 11 percent from $68,115,000 at year-end 1991 to $75,733,000 at year- end 1992.
 Cathay Bancorp Inc. is the one-bank holding company for Cathay Bank. The bank now operates nine branches in Southern California, two branches in Northern California and two overseas offices in Taiwan and Hong Kong.
 CATHAY BANCORP INC.
 Financial Highlights
 (Amounts in thousands except per share data)
 Fourth Fourth YTD YTD
 Quarter Quarter Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Net interest income $9,743 $8,386 $34,922 $31,711
 Provision for
 loan losses 1,456 673 3,348 1,439
 Net interest income
 after provision
 for loan losses 8,287 7,713 31,574 30,273
 Non-interest income 2,099 1,897 6,870 4,762
 Non-interest expense 6,473 5,774 22,363 19,308
 Income before income
 tax expense 3,913 3,836 16,081 15,727
 Income tax expense 1,268 1,252 5,965 5,713
 Net income 2,645 2,584 10,116 10,014
 Net income
 per common share 0.35 0.34 1.33 1.35
 Financial Ratios
 Dec. 31,
 1992 1991
 Return on average
 stockholders' equity 14.06 pct 15.66 pct
 Return on average assets 1.28 pct 1.42 pct
 Equity capital to assets 9.09 pct 9.08 pct
 Dec. 31,
 1992 1991
 Total assets $832,830 $750,003
 Net loans 605,204 553,992
 Allowance for loan losses 6,429 5,500
 Total deposits 748,943 671,915
 Stockholders' equity 75,733 68,115
 Book value per share 9.94 9.06
 -0- 2/11/93
 /CONTACT: Monica Chen of Cathay Bancorp, 213-625-4749/
 (CATY)


CO: Cathay Bancorp ST: California IN: FIN SU: ERN

do JL-EH -- LA016 -- 5718 02/11/93 12:41 EST
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Date:Feb 11, 1993
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