ADDED
caty20251231c_10k.htm 0000861842 Cathay General Bancorp false --12-31 FY 2025 true true true false Our Information Security Program is managed by a dedicated Chief Information Security Officer ( CISO ), who leads our Information Security team responsible for leading enterprise-wide cybersecurity strategy, policy, standards, architecture, and processes.
Our Information Security Program is managed by a dedicated Chief Information Security Officer ( CISO ), who leads our Information Security team responsible for leading enterprise-wide cybersecurity strategy, policy, standards, architecture, and processes.
true The CISO provides periodic reports to the executive risk management committee and the board-level risk committees of the Company and the Bank, as well as the cross-functional management steering committee that oversees the information security and information technology programs.
These reports address key cybersecurity topics, including the implementation and operation of preventative controls and the detection, mitigation and remediation of cybersecurity incidents.
Our CISO also provides reports to our Chief Risk Officer and other members of our senior management, as appropriate.
The Chief Risk Officer and the board-level risk committees of the Company and the Bank report to the full board of directors on key cybersecurity risk management topics, as appropriate.
Our CISO holds the following professional certifications: Cybersecurity Certificate course at the University of California, Irvine, Certified Technology Business Management Executive Certification, and Society of Information Management Regional Leadership Foundation Certification.
Army veteran and has more than 25 years of experience in information security, technology leadership, and enterprise risk management across highly regulated industries.
The CISO provides periodic reports to the executive risk management committee and the board-level risk committees of the Company and the Bank, as well as the cross-functional management steering committee that oversees the information security and information technology programs.
These reports address key cybersecurity topics, including the implementation and operation of preventative controls and the detection, mitigation and remediation of cybersecurity incidents.
REMOVED
As of February 14, 2025, the registrant had outstanding 70,285,292 shares of its common stock.
At December 31, 2024, we had $23.05 billion in total consolidated assets, $19.20 billion in net loans, $19.69 billion in deposits, and $2.85 billion in shareholders equity.
As of December 31, 2024, Cathay Bank employed approximately 1,266 regular full-time equivalent employees, of whom 1,226 were located in the United States and 40 were located in China, Hong Kong and Taiwan.
In 2024, 79% of our employees are of Asian descent, 14% are members of non-Asian minority groups, and 7% are Caucasian.
At the manager-level, 72% are of Asian descent, 14% are members of non-Asian minority groups, and 14% are Caucasian.
55% of our management-level positions are held by women, and 64% of our employees are women.
Our 14 member Board of Directors consists of 12 members of minority racial/ethnic group descent and 36% of the Board seats are held by women.
As of December 31, 2024, we have 64% of our employees participating in the Well-Being program.
In its last reported examination by the FDIC in June 2019, the Bank received a CRA rating of Satisfactory.
At December 31, 2024, (i) the Bancorp s and the Bank s common equity Tier 1 capital ratios were 13.54% and 13.84%, respectively; (ii) their total risk-based capital ratios were 15.08% and 14.76% respectively; (iii) their Tier 1 risk-based capital ratios were, 13.54% and 13.84% respectively; and (iv) their leverage capital ratios were, respectively, 10.96% and 11.20% respectively all of which exceeded the minimum percentage requirements to be deemed well-capitalized for regulatory purposes.