HIGHBuilt-inLoan_portfolio
commercial real estate and construction loans
“10-K Item 1A: 'we had approximately $10.90 billion in commercial real estate and construction loans'”
CATY · Concentration risk · 10-K extracted
Cathay General Bancorp (CATY) concentration risks
Updated
The most significant concentration Cathay General Bancorp discloses is commercial real estate and construction loans, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Cathay General Bancorp’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
California
“10-K Item 1A: 'Our banking operations are concentrated primarily in California'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile reflects a community bank model with two interrelated structural exposures. The largest disclosed risk is a portfolio-level tilt: the bank held approximately $10.90 billion in commercial real estate and construction loans — a high-share loan-portfolio concentration by disclosed size with a structural character. Commercial real estate and construction lending is the defining asset class of the book, meaning credit quality in this portfolio is the primary driver of loss rates and capital adequacy through the credit cycle. A sustained downturn in commercial real estate values or a tightening of refinancing conditions for borrowers in this segment would affect the majority of the loan portfolio. Reinforcing the portfolio concentration is a geographic focus: banking operations are conducted primarily in California — a medium-share geographic exposure by disclosed size, also structural. California is one of the largest and most economically diverse real estate markets in the country, which partially mitigates the risk, but it also means the portfolio is exposed to California-specific regulatory conditions, property market cycles, and the regional economic dynamics of the state's major metro areas. The two exposures are linked: a California-concentrated commercial real estate book is exposed to the intersection of geographic and product-type risk simultaneously. A downturn in California commercial property markets would affect both concentrations at once rather than creating independent risks. On balance, the disclosed profile is well-defined and follows a familiar community and regional bank pattern, but the high-share CRE tilt is the figure investors should track most closely against the rate environment and California property fundamentals.
For the engine’s reasoning on CATY’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| CATY● | Cathay General Bancorp | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.