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CATHAY BANCORP ANNOUNCES SECOND QUARTER EARNINGS

 CATHAY BANCORP ANNOUNCES SECOND QUARTER EARNINGS
 LOS ANGELES, July 23 /PRNewswire/ -- Cathay Bancorp Inc.


(NASDAQ: CATY), the holding company of Cathay Bank, today announced its 1992 second quarter net income of $2,538,000 or $0.34 per share, compared with $2,503,000 or $0.34 per share for the second quarter of 1991. The year-to-date net income reached $5,038,000 or $.67 per share vs. $4,872,000 or $.66 per share a year ago.
 Total assets as of June 30, 1992, increased to $777,437,000 up 15 percent from $677,932,000 a year ago. Loans, after allowance for loan losses, increased to $584,079,000, up 16 percent from $504,492,000 a year ago, while deposits rose 14 percent to $690,006,000 from $604,787,000. Stockholders' equity was up 14 percent from $63,465,000 as of June 30, 1991, to $72,155,000 as of June 30, 1992.
 Cathay Bancorp Inc. is the one-bank holding company for Cathay Bank. During the second quarter of 1992, two new branches were opened in addition to one opened in the first quarter. 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
 (Unaudited)
 (Amounts in thousands except per share data)
 2nd Qtr 2nd Qtr YTD YTD
 1992 1991 6/30/92 6/30/91
 Net interest income $8,673 $7,939 $16,480 $15,283
 Provision for loan
 losses 377 285 1,029 465
 Net interest income
 after provision for
 loan losses 8,296 7,654 15,451 14,818
 Non-interest income 1,165 967 2,948 1,851
 Non-interest expense 5,380 4,653 10,294 8,851
 Income before income
 tax expense 4,081 3,968 8,105 7,818
 Income tax expense 1,543 1,465 3,067 2,946
 Net income 2,538 2,503 5,038 4,872
 Net income per common
 share 0.34 0.34 0.67 0.66
 CATHAY BANCORP INC.
 Financial Ratios
 (Unaudited)
 June 30,
 1992 1991
 Return on average stockholders'
 equity 14.86 pct 16.35 pct
 Return on average assets 1.38 pct 1.51 pct
 Equity capital to assets 9.28 pct 9.36 pct
 June 30,
 1992 1991
 Total assets $777,437 $677,932
 Net loans 584,079 504,492
 Allowance for loan losses 6,112 5,230
 Total deposits 690,006 604,787
 Stockholders' equity 72,155 63,465
 Book value per share 9.52 10.26
 -0- 7/23/92
 /CONTACT: Monica Chen of Cathay Bancorp, 213-625-4749/
 (CATY) CO: Cathay Bancorp Inc. ST: California IN: FIN SU: ERN


BP-AL -- LA041 -- 2854 07/23/92 19:33 EDT
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Date:Jul 23, 1992
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