Applications / Mortgage Analytics / Lenders / California / Cathay Bank
Los Angeles, CA · State non-member bank · FDIC · $24.2 billion assets · 1,641 loans in 2025
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1,641
loans originated, 2025
2,232
applications, 2025
9
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Cathay Bank is a lender of large conventional loans in New York and Los Angeles whose originations rose 34% in 2025, faster than most similar lenders.
Originations rose 34% to 1,641, against 12% at similar lenders (state non-member banks making between half and twice as many loans) and 10% for the whole market, higher than more than four in five peers. That followed a fall to 1,228 in 2024 from 2,222 in 2023. It also bought 88 loans, where the typical peer bought 1.
Its typical loan, $605,000, was the largest among its peers, against $200,000, and jumbo loans (larger than the conforming limit) were 11.5% of its lending, against 2.5%. All its loans were conventional and none were higher-priced (a rate well above the average for similar loans); its typical rate, 6.38%, was lower than at about three-quarters of peers.
Majority-minority areas took 67.2% of its loans, against 8.8% at peers, and LMI (low- and moderate-income) areas 23.0%, against 15.4%, both higher than nearly nine in ten similar lenders. LMI borrowers took 12.9%, among the lowest tenth of peers (27.8%); its large typical loan and the New York and Los Angeles markets it serves are possible reasons.
It ranked 51 of 802 lenders in New York-Newark-Jersey City and 54 of 757 in Los Angeles-Long Beach-Anaheim, markets it has served since before 1990, where JPMorgan Chase Bank ranked first.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Cathay Bank took 2,232 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 72.3% · Refinance 25.2% · Other 2.2% · Home improvement 0.3%
Conventional 100.0% · of 1,641 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 757 | 46.1% |
| California | 616 | 37.5% |
| Washington | 87 | 5.3% |
| New Jersey | 50 | 3.0% |
| Nevada | 32 | 2.0% |
| Massachusetts | 31 | 1.9% |
| Illinois | 29 | 1.8% |
| Texas | 26 | 1.6% |
| Maryland | 13 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 632 |
| Los Angeles-Long Beach-Glendale | 229 |
| Anaheim-Santa Ana-Irvine | 155 |
| Nassau County-Suffolk County | 139 |
| Riverside-San Bernardino-Ontario | 88 |
| Seattle-Bellevue-Kent | 73 |
| Oakland-Fremont-Berkeley | 35 |
| San Francisco-San Mateo-Redwood City | 31 |
| Las Vegas-Henderson-North Las Vegas | 30 |
| San Jose-Sunnyvale-Santa Clara | 29 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | FT6J43S06X6CLJ0R0B48 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 595869 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 318503 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9595869 | 2011–2017 |
Established 19 April 1962. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Cathay Bank's data.
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