EAST WEST BANCORP INC
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
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Deposits
Deposits are the Company’s primary source of funding, the cost of which has a significant impact on the Company’s net interest income and net interest margin. The following table summarizes the Company’s deposits by product type as of September 30, 2025 and December 31, 2024:
| September 30, 2025 · December 31, 2024 · Change | ||||||
|---|---|---|---|---|---|---|
| ($ in thousands) | Amount | % | Amount | % | $ | % |
| Deposits by product: | ||||||
| Noninterest-bearing demand | $16,141,954 | 24% | $15,450,428 | 24% | $691,526 | 4% |
| Interest-bearing checking | 7,854,206 | 12% | 7,940,692 | 13% | (86,486) | (1)% |
| Money market | 15,609,931 | 23% | 14,816,511 | 23% | 793,420 | 5% |
| Savings | 1,689,978 | 3% | 1,751,620 | 3% | (61,642) | (4)% |
| Time deposits | 25,291,487 | 38% | 23,215,772 | 37% | 2,075,715 | 9% |
| Total deposits | $66,587,556 | 100% | $63,175,023 | 100% | $3,412,533 | 5% |
The Company’s strategy is to grow and retain relationship-based deposits to provide a stable and low-cost source of funding and liquidity. The Company offers a wide variety of deposit products to meet the needs of its consumer and commercial customers. As a result, we believe our deposit base is seasoned, stable and well-diversified. Total deposits of $66.6 billion as of September 30, 2025 increased $3.4 billion from December 31, 2024, primarily due to growth in time, money market and noninterest-bearing demand deposits.
The following table provides a breakdown of the Company’s deposits by segment and region as of September 30, 2025 and December 31, 2024:
| Change | ||||
|---|---|---|---|---|
| ($ in thousands) | September 30, 2025 | December 31, 2024 | $ | % |
| Deposits by segment/region: | ||||
| Consumer and Business Banking - U.S. (1) | $34,378,478 | $32,832,926 | $1,545,552 | 5% |
| Commercial Banking - U.S. (1) | 24,126,028 | 23,405,769 | 720,259 | 3% |
| International Branches (2) | 3,835,351 | 3,412,262 | 423,089 | 12% |
| Treasury and Other - U.S. (3) | 4,247,699 | 3,524,066 | 723,633 | 21% |
| Total deposits | $66,587,556 | $63,175,023 | $3,412,533 | 5% |
(1)Excludes deposits presented under International Branches.
(2)Deposits of our Hong Kong branch and China subsidiary bank branches are a subset of Commercial Banking segment deposits.
(3)Treasury and Other segment deposits reflect wholesale, public funds, and brokered deposits, primarily managed by the Company’s Treasury department.
Customer deposit accounts in the U.S. branches are insured by the FDIC for up to $250,000 per depositor, per ownership category. Management believes that presenting uninsured domestic deposits with an adjustment to exclude collateralized andaffiliate deposits provides a more accurate view of the deposits at risk, given that collateralized deposits are secured, and affiliate deposits are not customer-facing and are eliminated in consolidation. The following table summarizes the Company’s uninsured domestic deposit balances reported on Schedule RC-O Memo, Item 2 of the Bank’s Call Report as of September 30, 2025 and December 31, 2024, after certain adjustments:
| ($ in thousands) · September 30, 2025 · December 31, 2024 | |||
|---|---|---|---|
| Uninsured deposits, per regulatory requirements (1) | $33,373,474 | $32,767,680 | |
| Less: Collateralized deposits | (4,478,939) | (4,781,377) | |
| Affiliate deposits | (203,475) | (485,824) | |
| Uninsured deposits, excluding collateralized and affiliate deposits | (a) | $28,691,060 | $27,500,479 |
| Total domestic deposits per Call Report | (b) | $63,088,136 | $60,326,394 |
| Uninsured deposits, excluding collateralized and affiliate deposits, ratio | (a)/(b) | 45% | 46% |
(1)Uninsured deposits, per regulatory requirements, represent the portion of deposit accounts in U.S. branches that exceed the FDIC insurance limit as reported on Schedule RC-O Memo, Item 2 of the Bank’s Call Report.
Additional information regarding the impact of deposits on net interest income, with a comparison of average deposit balances and rates, is provided in Item 2. MD&A — Results of Operations — Net Interest Incomein this Form 10-Q. See also the discussion of the impact of deposits on liquidity in Item 2. MD&A — Liquidity Risk Managementin this Form 10-Q.
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