Company Information

  

Address: 660 SOUTH FIGUEROA STREET
SUITE 1888 
City: LOS ANGELES 
State: CA 
Zip Code: 90017 
Telephone: 213-533-7918 

Description of Business

Primary SIC Code: 6022
(As filed with the SEC)  

The Bank began operations in 2008 as a California state-chartered commercial bank. The Bank was organized by a group of very experienced bankers, some of whom began their banking careers in Asia and have worked together for a total of 82 years at various banks in California in the 1980s and 1990s. After working for many years in positions of increasing responsibility at such banks, these individuals identified an opportunity resulting from the 2007 credit crisis to capitalize on the general dissatisfaction that many customers had with the nature and level of services that were being provided by existing Asian-American and Chinese-American banks. These bankers observed that first generation Chinese immigrants were not well-served by existing banks. Our strategic plan focuses on providing commercial banking services to first generation immigrants, concentrating on Chinese immigrants, as well as Koreans and other Asian ethnicities.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.800.09014.65
12/20171.680.08016.29

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.12Total Liab/Total Assets0.84
Net Inc/Total Assets0.02Total Liab/Inv Cap0.86
Net Inc/Inv Cap0.02Total Liab/Comm Equity6.65
Pretax Inc/Net Sales0.54Interest Coverage Ratio13.77
Net Inc/Net Sales0.29Curr Debt/Equity0.09
Cash Flow/Net Sales0.33LTD/EquityNA
SG&A/NetSales0.31Total Debt/Equity0.09
Asset Utilization   Liquidity  
Net Receivables Turnover7.89Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E12.70  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 22.63 25.28 22.14 20.70
Cost of Goods Sold 2.75 2.67 2.71 2.57
Selling & Admin Exps 7.95 6.69 6.80 6.58
Operating Income NA NA NA NA
Interest Exp 0.98 0.92 0.91 0.92
Pretax Income 10.43 12.37 10.62 14.44
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 8.85 4.89 6.61 8.54

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 178.75 232.38 233.81 216.18
Receivables - Total 21.30 14.45 12.58 12.72
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 6.98 6.88 6.59 7.27
Total Assets 1,715.10 1,691.06 1,642.71 1,533.60
Liabilities        
Accounts Payable 12.19 10.37 10.71 9.46
Debt in Current Liabilities 0.00 25.00 NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 1,439.28 1,425.88 1,382.38 1,341.26
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 210.60 205.93 204.21 142.65
Retained Earnings 58.84 51.27 47.58 40.96
Treasury Stock NA NA NA NA
Total Stockholders' Equity 275.82 265.18 260.33 192.34
Total Liabilities and Stockholders' Equity 1,715.10 1,691.06 1,642.71 1,533.60

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -21.50 47.91 -8.75 2.06
Net Cash Provided by Investing Activities -63.50 -107.91 -89.15 -26.94
Net Cash Provided by Financing Activities 13.49 44.00 101.08 20.20

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201550.3812.97--
12/201677.1619.08--
12/201787.3025.531.68
Growth Rates31.6540.28--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18754,69328.65




Report Date : 7/16/2018

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