Vitals
  • Total Assets
    21.9B 19.9 %
  • Total Deposits
    17.3B 24.9 %
  • Total Net Loans
    15.6B 17.5 %
  • Net Income
    72.7M -2.3 %
  • Book Value
    2.8B 4.1 %
  • Book Value x2
    5.6B 4.1 %
  • Book Value x3
    8.3B 4.1 %
ROAA

.677

ROAE

5.29

Efficiency Ratio

62.915

Net Interest Margin

2.599

Balance Sheet Highlights
Financial Highlights Cit Bank All Insured Commercial Banks in Utah
Balance Sheet $(000)
Total Assets 21,903,259 3,870,535
Total Net Loans 15,560,471 2,805,411
Total Deposits 17,318,674 3,206,731
Total Equity 2,779,600 466,625
Profitability
Net Income 72,691 23,182
Return on Average Assets .677 1.998
Return on Average Equity 5.29 14.989
Net Interest Margin 2.599 4.957
Efficiency Ratio 62.915 54.684
Noninterest Income/Revenue 32.361 21.762
Balance Sheet Ratios
Loan-to-Deposit 89.848 82.673
Securities/Assets .04 .096
Total Equity/Total Assets .127 .121
Tangible Equity/Tangible Assets .119 .12
Capital Adequacy
Tier 1 Common Capital 2,608,991 453,428
Tier 1 Capital 2,608,991 461,311
Tier 2 Capital 260,345 16,886
Total Capital 2,869,336 478,188
Total Risk Weighted Assets 20,770,409 3,087,973
Leverage Ratio 12.24 12.772
Common Equity Tier 1 Capital Ratio 12.56 16.66
Tier 1 Capital Ratio 12.56 16.84
Total Capital Ratio 13.81 17.847

Timeline for Cit Bank

Cit Bank, National Association

Cit Bank was acquired by Cit Bank, National Association 8 years

View Profile Aug 03 2015

Capital Direct Group, Inc.

Capital Direct Group, Inc. became a new subsidiary organization for Cit Bank.

View Profile Aug 01 2014

Cit Rail Llc

Cit Rail Llc became a new subsidiary organization for Cit Bank.

View Profile Nov 14 2011

Cit Finance Llc

Cit Finance Llc became a new subsidiary organization for Cit Bank.

View Profile Jun 02 2011

Cit Insurance Company Limited

Cit Insurance Company Limited became a new subsidiary organization for Cit Bank.

View Profile Aug 09 2010

Want to see more?

Complete timeline for Cit Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Cit Bank, National Association Buyer 42,949,887 Acquisition Discontinued 8/3/2015
Relationships Role Relationship Start Relationship End
Cit Group Inc. Parent 12/22/2008 8/2/2015
Cit Group, Inc., The (Nj) Parent 10/20/2000 6/1/2001
Cit Maritime Leasing, Llc Subsidary 4/13/2009 8/2/2015
Cit Insurance Company Limited Subsidary 8/9/2010 8/2/2015
Cit Finance Llc Subsidary 6/2/2011 8/2/2015
Cit Rail Llc Subsidary 11/14/2011 8/2/2015
Capital Direct Group, Inc. Subsidary 8/1/2014 8/2/2015
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