CORRECTING and REPLACING UCBH Holdings, Inc. Reports First Quarter 2008 Financial Results

Loan delinquency ratios in the table of Selected Financial Data of the release dated April 24, 2008, should read 1.44% (sted 3.02%) and 0.89% (sted 1.45%). The corrected release reads: UCBH HOLDINGS, INC. REPORTS FIRST QUARTER 2008 FINANCIAL RESULTS Earnings of $2.2 Million for the First Quarter of 2008 Loan Loss Provision of $35.1 Million for the First Quarter of 2008 Core Fundamentals of UCBH Holdings, Inc. Remain Strong Strong Commercial Business Loan Originations of $481.5 Million China Minsheng Banking Corp., Ltd. Completed the First Phase of Its Strategic Investment UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank (UCB™ or the "Bank”), today reported first quarter 2008 net income of $2.2 million, compared with $27.0 million in the first quarter of 2007. The fully diluted earnings per share were $0.02, compared with $0.26 in the first quarter of 2007. The decrease was attributable primarily to an increased loan loss provision of $35.1 million recorded in the first quarter of 2008. The increased loan loss provision was related to specific loan loss reserves on construction loans in distressed areas, as well as an increase in the overall loan loss reserve ratio. Also impacting earnings was a $3.8 million additional write-down on two non-bank REIT TPS collateralized debt obligations ("CDOs”) and a $1.4 million lower of cost or market ("LOCOM”) charge on commercial real estate loans held for sale. As of quarter end, the credit ratings of the two non-bank REIT TPS CDOs remain unchanged, and the remaining book value of the two CDOs was reduced to $4.6 million at the end of the quarter. Chairman, President and Chief Executive Officer, Thomas S. Wu said, "We began a comprehensive assessment of our western U.S. retail construction lending portfolio in early October 2007 when the extent of market deterioration became apparent. This full review of all of our residential construction loans in California and Nevada was completed during the latter part of the first quarter of 2008. The problems in the construction lending portfolio are mainly in the distressed markets in California. These markets continued to deteriorate during the latter part of the first quarter, and as a result, we downgraded a number of loans upon receipt of new appraisals and full review of financial information on those projects. We believe it is the right course of action to make substantial loan loss provisions at this time. Together with the $14.0 million provision in the fourth quarter of 2007, our goal is to strengthen our balance sheet and position ourselves to weather this unprecedented market environment. "The business fundamentals of UCBH remain very strong, particularly in our commercial lending and international trade finance business activities. We are very pleased that China Minsheng Banking Corp., Ltd. completed the first phase of its investment, becoming a long-term strategic partner of UCBH. With our strong national franchise and unique Greater China platform, we believe we are well positioned to return to normal profitability starting in the second half of 2008 and strong earnings growth in the future,” concluded Mr. Wu. First Quarter 2008 Business Highlights In March 2008, China Minsheng Banking Corp., Ltd. completed the first phase of its strategic investment agreement with UCBH, in which UCBH sold approximately 5.4 million newly-issued shares of UCBH common stock, or 4.9% of the total outstanding shares, at $17.79 per share, in exchange for $95.7 million in cash proceeds. In March, United Commercial Bank (China) Limited received all necessary approvals from the China Banking Regulatory Commission for an expanded license to conduct a full scope of Renminbi ("RMB”) business with all types of domestic Chinese companies in China. First Quarter 2008 Financial Summaries First quarter net income was $2.2 million, down 91.8% from $27.0 million reported in the corresponding period of last year. Diluted earnings per common share for the first quarter of 2008 totaled $0.02, down 92.3% from $0.26 in the corresponding quarter of the prior year. Net interest income on a fully taxable-equivalent basis, before provision for loan losses, rose 13.6% to $86.3 million from $75.9 million in the first quarter of 2007. This increase was due to organic balance sheet growth and the acquisitions of The Chinese American Bank ("CAB”) in May 2007 and UCBC in December 2007. The net interest margin was 3.04% for the first quarter of 2008, a 35 basis point decrease from the 3.39% net interest margin for the fourth quarter of 2007 and 22 basis point decrease from 3.26% for the first quarter of 2007. The reversal of interest accrued for the nonperforming assets due to downgrades in the first quarter of 2008 had a negative impact of 18 basis points on the net interest margin for the quarter. The decrease in the net interest margin year over year reflects the effect of a 76 basis point decrease in loan yields, partially offset by a 49 basis point decrease in the funding costs. Noninterest income was $3.6 million for the first quarter of 2008, compared with $12.4 million for the corresponding quarter of 2007. Included in first quarter 2008 noninterest income was the previously mentioned $3.8 million write-down on two non-bank REIT TPS CDOs and a $1.4 million charge for a LOCOM adjustment on commercial real estate loans held for sale. In addition, the Company reported significantly lower gains on the sale of multifamily and commercial real estate loans and securities sales due to the current economic and market conditions. These declines were partially offset by the increase in total commercial banking fees and service charges on deposits, reflecting the strong growth in deposit accounts organically and the acquisitions of CAB and UCBC. The growth in these components reflects the ongoing expansion of the UCBH’s commercial banking platform. Noninterest expense rose 10.6% to $48.6 million, from $43.9 million in the first quarter of 2007. This increase was primarily the result of increased personnel costs and occupancy expenses related to the acquisitions of CAB and UCBC in 2007, as well as the additional staffing required for the growth of the Bank’s commercial banking business, and the expansion of the Bank’s infrastructure. The effective tax rate was 26.8% for the first quarter ended March 31, 2008, compared with 34.6% for the first quarter of 2007. The lower effective tax rate was primarily due to an increase in tax-exempt income. Credit Quality The deterioration in credit quality related primarily to the construction loan portfolio in distressed areas. The provision for loan losses was $35.1 million for the first quarter of 2008, compared with $14.0 million for the fourth quarter of 2007, and with $1.0 million for the first quarter of 2007. Net loan charge-offs were $12.3 million for the first quarter of 2008, or 0.62% annualized, compared with net loan charge-offs of $1.7 million, or 0.10% annualized, in the first quarter of 2007. Nonperforming assets were $185.1 million, or 1.45% of total assets, at March 31, 2008, compared with $57.0 million, or 0.48% of total assets, at December 31, 2007. The increase in nonperforming assets was due to the downgrade of certain construction loans in distressed areas by management in the latter part of the first quarter, as a result of the full review of the construction loan portfolio in California and Nevada. The ratio of allowance for loan losses to loans held in portfolio was 1.25% at March 31, 2008, compared with 1.03% at December 31, 2007. The ratio of the allowance for loan losses and the reserve for unfunded commitments to loans held in portfolio excluding cash secured loans was 1.37% at March 31, 2008, compared with 1.13% at December 31, 2007. Capital Management Stockholders’ equity was $1.07 billion at March 31, 2008, reflecting the receipt of $95.7 million of new capital from China Minsheng Banking Corp., Ltd. in March 2008. Period-end assets were $12.74 billion. The Tier I risk-based capital ratio of the Company was 9.17% at March 31, 2008, compared with 8.51% at December 31, 2007. The total risk-based capital ratio was 11.55% as of March 31, 2008, compared with 10.76% at December 31, 2007. The Company’s capital ratios exceed regulatory requirements and continue to be categorized as "well capitalized.” The Bank’s capital ratios approximate those of the Company and is also categorized as "well capitalized.” On April 24, 2008, UCBH’s Board of Directors approved a dividend of $0.04 per share on the common stock of UCBH, payable on July 11, 2008, to stockholders of record as of June 30, 2008. Balance Sheet Highlights Total loans increased by 4.3%, to $8.35 billion at March 31, 2008, from $8.01 billion at December 31, 2007. The increase in loans reflected the continued strong loan originations. Commercial business loans increased by 7.2% to $2.23 billion at March 31, 2008, from $2.08 billion at December 31, 2007. 100% of the commercial business loan growth was organic. Construction loans increased by 6.2% to $1.77 billion at March 31, 2008, from $1.67 billion at December 31, 2007. Commercial real estate loans increased by 3.5% to $2.58 billion at March 31, 2008, from $2.49 billion at December 31, 2007, following $61.5 million of loan sales. Multifamily real estate loans increased by 1.9% to $1.21 billion at March 31, 2008, from $1.19 billion at December 31, 2007. New loan commitments of $1.02 billion for the first quarter of 2008 were comprised of $964.4 million of commercial loans and $56.6 million of consumer loans. Commercial business loan originations were $481.5 million in the first quarter of 2008. Construction loan commitments were $139.0 million in the first quarter of 2008. Commercial real estate loan originations were $250.1 million in the first quarter of 2008. With strong loan commitments in the first quarter, coupled with a loan pipeline of $2.44 billion as of March 31, 2008, we project loan growth will remain solid into the second quarter of 2008. The average loan yield decreased to 6.94% for the quarter ended March 31, 2008 from 7.75% for the quarter ended December 31, 2007, primarily as a result of the Fed Funds cuts during the period. The securities portfolio, including available for sale and held to maturity, was $3.01 billion at March 31, 2008, compared with $2.46 billion at December 31, 2007. The securities portfolio was 23.7% of total assets at March 31, 2008, compared with 20.8% of total assets at December 31, 2007. Total deposits increased by 3.9% to $8.08 billion at March 31, 2008, from $7.78 billion at December 31, 2007. The average cost of deposits for the quarter ended March 31, 2008 was 3.28%, a decrease of 37 basis points, from 3.65% for the quarter ended December 31, 2007. The cost of deposits at March 31, 2008 was 2.86%, reflecting management’s continued focus on disciplined deposit pricing of our deposit generation strategy. First Quarter Earnings Teleconference and Webcast UCBH will hold a conference call with an accompanying slide presentation to be webcast on April 25, 2008, at 8:00 a.m. Pacific time to discuss the financial results for the Company’s first quarter 2008, as well as its outlook for 2008. The audio webcast and slide presentation will be available through a link on the Investor Relations page of the Company’s web site at www.ucbh.com. If you are unable to listen to the webcast live, an archived replay with the slide presentation will be available at www.ucbh.com. About UCBH Holdings, Inc. UCBH Holdings, Inc., with $12.74 billion in assets as of March 31, 2008, is the holding company for United Commercial Bank, a state-chartered commercial bank, which is a leading bank in the United States serving the Chinese communities and American companies doing business in Greater China. Together, the Bank and its subsidiaries, including United Commercial Bank (China) Limited, operate 51 California branches/offices located in the San Francisco Bay Area, Sacramento, Stockton, Los Angeles and Orange counties, eight branches in New York, five branches in metropolitan Atlanta, three branches in New England, two branches in the Pacific Northwest, a branch in Houston, branches in Hong Kong, Shanghai and Shantou, China, and representative offices in Beijing, Guangzhou and Shenzhen, China, and Taipei, Taiwan. UCB, with headquarters in San Francisco, provides commercial banking services to small- and medium-sized businesses and professionals in a variety of industries, as well as consumer and private client services to individuals. The Bank offers a full range of lending activities, including commercial real estate and construction loans, commercial credit facilities, international trade finance, asset-based financing, cash management, loans guaranteed by the U.S. Small Business Administration, commercial, multifamily and residential mortgages, home equity lines of credit, and online banking services for businesses and consumers. For additional information, visit the web site for United Commercial Bank at www.ibankUNITED.com or the web site for UCBH Holdings, Inc. at www.ucbh.com. Forward-Looking Statements Certain statements contained in this release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon specific assumptions that may or may not prove correct. Forward-looking statements are also subject to known and unknown risks, uncertainties and other factors relating to the Company’s and the Bank’s operations and business environment, all of which are difficult to predict, and many of which are beyond the control of the Company and the Bank. The factors include, among others: economic and business conditions in the areas and markets in which the Company and the Bank operate, particularly those affecting loans secured by real estate; deterioration or improvement in the ability of the Bank’s borrowers to pay their debts to the Bank; market fluctuations such as those affecting interest and foreign exchange rates and the value of securities in which the Bank invests; competition from other financial institutions, whether banks, investment banks, insurance companies or others; the ability of the Bank to assimilate acquisitions, enter new markets and lines of business, and open new branches, successfully; changes in business strategies; changes in tax law and governmental regulation of financial institutions; demographic changes; and other risks and uncertainties, including those discussed in the documents the Company files with the Securities and Exchange Commission ("SEC”). The foregoing may cause the actual results and performance of the Company and the Bank to be materially different from the results and performance indicated or suggested by the forward-looking statements. Further description of the risks and uncertainties are included in detail in the Company’s current, quarterly and annual reports, as filed with the SEC. UCBH Holdings, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Dollars in Thousands, Except Share and Par Value Amounts) (Unaudited)     March 31, December 31,   2008     2007     ASSETS Noninterest bearing cash $ 121,657 $ 117,141 Interest bearing cash 221,854 202,258 Federal funds sold   50,424     26,028     Cash and cash equivalents   393,935     345,427     Securities purchased under agreements to resell 150,000 150,000 Investment and mortgage-backed securities available for sale, at fair value 2,750,174 2,188,355 Investment and mortgage-backed securities held to maturity, at cost (fair value of $269,905 and $276,286 at March 31, 2008, and December 31, 2007, respectively) 264,451 271,485 Federal Home Loan Bank stock, Federal Reserve Bank stock and other equity investments 154,531 138,877 Loans held for sale, net of valuation allowance 150,026 177,137   Loans held in portfolio 8,203,000 7,832,150 Allowance for loan losses   (102,839 )   (80,584 )   Loans held in portfolio, net   8,100,161     7,751,566     Accrued interest receivable 67,170 61,111 Premises and equipment, net 145,119 144,630 Goodwill 430,816 436,606 Core deposit intangibles, net 21,286 22,526 Mortgage servicing rights, net 11,885 12,783 Other assets   103,570     103,063     Total assets $ 12,743,124   $ 11,803,566     LIABILITIES AND STOCKHOLDERS’ EQUITY Noninterest bearing deposits $ 861,508 $ 860,338 Interest bearing deposits   7,220,646     6,920,902     Total deposits   8,082,154     7,781,240     Securities sold under agreements to repurchase 805,000 650,000 Federal funds purchased 138,000 78,000 Short-term borrowings 723,789 414,532 Subordinated debentures 406,553 406,615 Accrued interest payable 26,841 28,169 Long-term borrowings 1,385,808 1,372,190 Other liabilities   108,073     105,717     Total liabilities   11,676,218     10,836,463     Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued and outstanding - - Common stock, $0.01 par value, 180,000,000 shares authorized at March 31, 2008, and December 31, 2007; 110,436,042 and 104,397,988 shares issued and outstanding at March 31, 2008, and December 31, 2007, respectively 1,104 1,044 Additional paid-in capital 525,212 427,474 Retained earnings 552,371 554,568 Accumulated other comprehensive loss   (11,781 )   (15,983 )   Total stockholders’ equity   1,066,906     967,103     Total liabilities and stockholders’ equity $ 12,743,124   $ 11,803,566   UCBH Holdings, Inc. and Subsidiaries Condensed Consolidated Statement of Operations (Dollars in Thousands, Except Share and Per Share Amounts) (Unaudited)   Three Months Ended March 31,   2008       2007     Interest and dividend income: Loans $ 140,891 $ 131,651 Investment and mortgage-backed securities: Taxable 28,760 23,514 Tax exempt 5,888 3,306 FHLB Stock 1,277 922 Federal funds sold and deposits with banks 2,848 2,289 Securities purchased under agreements to resell   2,080     2,264     Total interest and dividend income   181,744     163,946     Interest expense: Deposits 63,114 65,994 Securities sold under agreements to repurchase 6,577 3,261 Short-term borrowings and federal funds purchased 5,868 5,192 Subordinated debentures 6,871 4,553 Long-term borrowings   16,217     11,116     Total interest expense   98,647     90,116     Net interest income 83,097 73,830 Provision for loan losses   35,069     1,048     Net interest income after provision for loan losses   48,028     72,782     Noninterest income: Commercial banking fees 4,573 4,745 Service charges on deposits 2,006 1,529 Gain (loss) on sale of securities, net 973 3,076 Gain on sale of SBA loans, net 166 765 Gain on sale of multifamily and commercial real estate loans, net 742 1,394 Lower of cost or market adjustment on loans held for sale (1,428 ) (14 ) Realized loss on available for sale securities (3,791 ) - Equity loss in other equity investments (707 ) (473 ) Other fees   1,022     1,423     Total noninterest income   3,556     12,445     Noninterest expense: Personnel 29,585 24,264 Occupancy 5,755 4,848 Data processing 2,324 2,280 Furniture and equipment 2,096 2,166 Professional fees and contracted services 1,760 2,329 Deposit insurance 1,167 292 Communication 984 701 Core deposit intangible amortization 1,240 1,008 Other general and administrative   3,642     6,007     Total noninterest expense   48,553     43,895     Income before income tax expense 3,031 41,332 Income tax expense   811     14,301     Net income $ 2,220   $ 27,031     Earnings per share: Basic $ 0.02 $ 0.27 Diluted $ 0.02 $ 0.26   Dividends declared per share $ 0.040 $ 0.030   Average shares outstanding: Basic 106,128,270 99,731,221 Diluted 107,994,229 103,262,726 UCBH Holdings, Inc. and Subsidiaries Supplemental Data (Dollars in Thousands) (Unaudited)   Three Months Ended March 31,   2008       2007     Operating Ratios and Other Data: Return on average assets 0.07 % 1.09 % Return on average equity 0.89 13.43 Efficiency ratio (1) 56.03 50.88 Noninterest expense to average assets 1.59 1.77 Average equity to average assets 8.17 8.11 Dividend payout ratio (2) 200.00 11.54 Net loan charge-offs to average loans held in portfolio 0.62 0.10   New Loan Commitments: Commercial: Secured by real estate – nonresidential $ 250,095 $ 286,449 Secured by real estate – multifamily 93,744 117,913 Construction 138,991 284,657 Business   481,536     288,678     Total commercial loans   964,366     977,697     Consumer: Residential mortgage (one-to-four family) 43,683 31,891 Other   12,918     6,513     Total consumer loans   56,601     38,404     Total loan commitments (3) $ 1,020,967   $ 1,016,101     Average Loan Balances: Commercial: Secured by real estate - nonresidential $ 2,547,266 $ 2,497,020 Secured by real estate - multifamily 1,194,521 1,292,609 Construction 1,726,494 1,092,500 Business   2,115,137     1,446,102     Total commercial loans   7,583,418     6,328,231     Consumer: Residential mortgage (one-to-four family) 513,624 455,578 Other   71,275     55,391     Total consumer loans   584,899     510,969     Total loans $ 8,168,317   $ 6,839,200     (1)  Represents noninterest expense divided by the total of our net interest income before provision for loan losses and our noninterest income. (2)  Represents dividends declared per share as a percentage of diluted earnings per share. (3)  Excludes commitments related to loan participations. UCBH Holdings, Inc. and Subsidiaries Average Yields Earned/Rates Paid (Dollars in Thousands) (Unaudited)     Three Months Ended March 31, 2008 Three Months Ended March 31, 2007 AverageBalance   Interest Income/Expense   Average Yields Earned/Rates Paid AverageBalance   Interest Income/ Expense   Average Yields Earned/Rates Paid   Nontaxable equivalent basis: Interest-earning assets Loans (1)(2) $ 8,168,317 $ 140,891 6.94 % $ 6,839,200 $ 131,652 7.70 % Taxable securities (3) 2,273,755 28,760 5.09 1,857,226 23,514 5.06 Tax exempt securities (3) 476,686 5,888 4.97 274,676 3,306 4.81 FHLB Stock 95,080 1,277 5.40 68,805 922 5.36 Securities purchased under agreements to resell 150,000 2,080 5.58 125,278 2,264 7.23 Other   247,602   2,848 4.63   154,056   2,289 5.94   Total interest-earning assets 11,411,440 181,744 6.41 9,319,241 163,947 7.04 Noninterest-earning assets   833,698   -   600,442   -   Total assets $ 12,245,138 $ 181,744 $ 9,919,683 $ 163,947   Interest-bearing liabilities: Deposits: NOW, checking and money market accounts $ 1,524,722 $ 10,157 2.68 $ 1,478,541 $ 12,477 3.38 Savings accounts 754,290 1,420 0.76 692,003 1,726 1.00 Time deposits   4,618,366   51,537 4.49   4,230,874   51,791 4.90   Total interest-bearing deposits 6,897,378 63,114 3.68 6,401,418 65,994 4.12 Securities sold under agreements to repurchase 789,505 6,577 3.35 318,956 3,261 4.09 Short-term borrowings and federal funds purchased 775,536 5,868 3.04 401,430 5,192 5.17 Long-term borrowings 1,425,520 16,217 4.58 943,810 11,116 4.71 Subordinated debentures   406,589   6,871 6.80   240,549   4,553 7.57   Total interest-bearing liabilities 10,294,528 98,647 3.85 8,306,163 90,116 4.34 Noninterest-bearing deposits 834,689 - 695,668 - Other noninterest-bearing liabilities 115,705 - 113,038 - Stockholders’ equity   1,000,216   -   804,814   -   Total liabilities and stockholders’ equity $ 12,245,138 $ 98,647 $ 9,919,683 $ 90,116   Net interest-earning assets/net interest income/net interest rate spread (4) $ 1,116,912 $ 83,097 2.56 % $ 1,013,078 $ 73,831 2.70 %   Net interest margin (5) 2.93 % 3.17 %   Ratio of interest-earning assets to interest-bearing liabilities 1.11x 1.12x   Tax equivalent basis: Total interest-earning assets (6) $ 11,411,440 184,915 6.52 % $ 9,319,241 166,033 7.13 % Total interest-bearing liabilities   10,294,528   98,647 3.85   8,306,163   90,116 4.34   Net interest-earning assets/net interest income/net interest rate spread (4) $ 1,116,912 $ 86,268 2.67 % $ 1,013,078 $ 75,917 2.79 %   Net interest margin (5) 3.04 % 3.26 %   Average cost of deposits: Total interest-bearing deposits $ 6,897,378 $ 63,114 3.68 % $ 6,401,418 $ 65,994 4.12 % Noninterest-bearing deposits   834,689   -   695,668   -   Total deposits $ 7,732,067 $ 63,114 3.28 % $ 7,097,086 $ 65,994 3.72 %   (1)  Nonaccrual loans are included in the table for computation purposes; however, interest for such loans is recognized on a cash basis. (2)  Average loans include loans held for sale. (3)  Average yield on investment securities is computed using historical cost balances; the yield information does not give effect to changes in fair value that are reflected as a component of stockholders’ equity. (4)  Interest rate spread represents the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities. (5)  Net interest margin represents net interest income divided by average interest-earning assets. (6)  Interest income from nontaxable securities has been adjusted to a tax equivalent basis using a statutory Federal income tax rate of 35.0%.  Interest income from nontaxable investment securities calculated on a tax equivalent basis was $3.2 million and $2.1 million for the three months ended March 31, 2008 and 2007, respectively. UCBH Holdings, Inc. and Subsidiaries Selected Financial Data (Dollars in Thousands, Except Per Share Amounts) (Unaudited)     March 31, December 31,   2008     2007   Selected loan data: Loans held for sale: Commercial: Secured by real estate - nonresidential $ 149,803 $ 175,101 Commercial business   223     1,109     Total commercial loans   150,026     176,210     Consumer: Residential mortgage (one-to-four family)   -     927     Total loans held for sale (1) $ 150,026   $ 177,137     Loans held in portfolio: Commercial: Secured by real estate - nonresidential $ 2,429,861 $ 2,317,501 Secured by real estate - multifamily 1,208,201 1,186,177 Construction 1,770,195 1,666,550 Commercial business   2,225,938     2,076,597     Total commercial loans   7,634,195     7,246,825     Consumer: Residential mortgage (one-to-four family) 501,636 518,674 Other   67,169     66,651     Total consumer loans   568,805     585,325     Total loans held in portfolio (2) $ 8,203,000   $ 7,832,150     Nonperforming loans $ 181,359 $ 53,185 Other real estate owned (OREO) 3,691 3,844 Loan delinquency ratio 1.44 % 0.89 % Nonperforming assets to total assets 1.45 0.48 Nonperforming loans to loans held in portfolio 2.21 0.68 Allowance for loan losses to nonperforming loans 56.70 151.52 Allowance for loan losses to loans held in portfolio 1.25 1.03 Net loan to deposit ratio 102.08 101.90   Selected deposit data: NOW, checking and money market accounts $ 2,443,219 $ 2,417,630 Savings accounts 969,312 986,664 Time deposits   4,669,623     4,376,946     Total deposits $ 8,082,154   $ 7,781,240     Cost of deposits 2.86 % 3.40 %   Selected equity data: Book value per share $ 9.66 $ 9.26   United Commercial Bank and subsidiaries regulatory capital ratios: Total risk-based capital 11.20 % 10.80 % Tier 1 risk-based capital 8.82 8.55 Tier 1 leverage ratio 7.33 7.42   UCBH Holdings, Inc. and subsidiaries regulatory capital ratios: Total risk-based capital 11.55 % 10.76 % Tier 1 risk-based capital 9.17 8.51 Tier 1 leverage ratio 7.62 7.39   (1) Includes net unamortized deferred loan fees, purchase premiums and discounts of $265,000 and $322,000 at March 31, 2008, and December 31, 2007, respectively. (2) Includes net unamortized deferred loan fees purchase premiums and discounts of $15.7 million and $17.9 million at March 31, 2008, and December 31, 2007, respectively.