CIT Bank Annual Report

We maintain the complete database with all recent information about CIT Bank that you may need. With the help of the annual report, you can know the financial health of the bank, see how large it is, and track the dynamics and last trends of all financial indicators. All CIT Bank data is relevant for November 2024.

4.2

Address

75 North Fair Oaks Ave Pasadena, CA 91103

FDIC Certificate ID

58978

Bank Charter Class

National Bank

Financial report CIT Bank

Quarterly

Annually

Change dates

December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009

December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009

December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009

December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009

December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009

2021
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2012
2011
2010
2009

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2020
2019
2018
2017
2016
2015
2014
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2012
2011
2010
2009

2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009

2021
2020
2019
2018
2017
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2015
2014
2013
2012
2011
2010
2009

2021
2020
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2017
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Hide dates

All values USD, Dollar figures in thousands

Updated December 31, 2021

Item

2021

2020

2019

2018

2017

Trends

Assets and Liabilities

Total assets

47,562,923

52,384,680

45,268,906

42,181,682

40,746,561

Cash & Balances due from depository institutions

2,796,310

3,832,145

2,428,812

1,412,929

916,397

Cash items in process of collection

64,471

92,733

35,968

47,497

52,789

Collection in domestic offices

41,249

68,235

24,269

35,160

39,636

Currency and coin in domestic offices

23,222

24,498

11,699

12,337

13,153

Balances due from depository institutions in U.S.

241,449

246,189

1,098,982

218,439

76,253

Balances due from foreign banks

33,051

23,283

34,349

13,256

13,100

Balances due from FRB

2,457,340

3,469,941

1,259,513

1,133,737

774,255

Total securities *

6,580,892

6,660,621

6,049,646

5,967,721

6,194,534

U.S. Government securities

6,285,577

6,321,214

5,784,657

5,797,767

5,272,659

U.S. Treasury securities

472,445

489,883

2,057

243,427

297,639

U.S. Government agency obligations

5,813,132

5,831,331

5,782,600

5,554,340

4,975,020

Securities issued by states & political subdivisions

N/A

954

10,250

15,872

Other domestic debt securities

N/A

1,615

N/A

318,456

Privately issued residential mortgage-backed securities

N/A

318,456

Asset backed securities

N/A

1,615

N/A

Structured financial products - Total

N/A

Other domestic debt securities - All other

N/A

Foreign debt securities

295,315

337,792

216,937

115,241

516,637

Equity securities not held for trading

N/A

47,098

44,463

70,910

Equity securities available-for-sale

N/A

70,910

Credit Loss Allowance for Held to Maturity Debt Securities

N/A

Assets held in trading accounts for TFR Reporters

N/A

General valuation allowances for securities for TFR Reporters

N/A

Federal funds sold and reverse repurchase

N/A

150,000

950,000

300,000

26,620

Net loans and leases

29,729,745

33,324,009

28,349,435

27,828,008

27,447,449

Loan and leases loss allowance**

702,673

1,024,592

455,239

458,783

403,503

Total loans and leases

30,432,418

34,348,601

28,804,674

28,286,791

27,850,952

Unearned income

N/A

Loans and leases, gross

30,432,418

34,348,601

28,804,674

28,286,791

27,850,952

All real estate loans

14,251,131

16,917,762

13,098,366

12,924,041

13,100,653

Real estate loans in domestic offices

14,251,131

16,917,762

13,098,366

12,924,041

13,100,653

Construction and development loans

1,450,865

1,590,466

864,404

1,354,516

1,090,700

Residential 1-4 family construction

121,784

156,875

247,646

392,009

309,949

Other construction, all land development and other land

1,329,081

1,433,591

616,758

962,507

780,751

Secured by nonfarm nonresidential properties

5,516,098

6,408,117

4,204,355

3,577,655

3,844,194

Nonfarm nonresidential secured by owner-occupied properties

1,394,018

1,533,165

917,232

740,306

783,939

Commercial real estate other non-farm non-residential

4,122,080

4,874,952

3,287,123

2,837,349

3,060,255

Multifamily residential real estate

2,050,835

2,465,486

2,039,173

1,773,181

1,490,654

1-4 family residential loans

5,233,097

6,453,397

5,990,434

6,218,689

6,675,105

Farmland loans

236

296

N/A

Loans held in foreign offices

N/A

Farm loans

47,618

49,855

51,930

48,865

35,443

Commercial and industrial loans

10,953,240

11,408,330

10,679,098

10,848,196

9,834,178

Loans to individuals

2,770

5,443

1,081

861

831

Credit card loans

N/A

Related Plans

1,828

3,652

N/A

Consumer Loans - Auto

N/A

Other loans to individuals

913

1,701

1,081

861

831

All other loans & leases*

5,177,659

5,967,211

4,974,199

4,464,828

4,879,847

Loans to foreign governments and official institutions

N/A

Obligations of states and political subdivisions in U.S.

67,995

57,834

53,818

81,629

N/A

Other loans

3,114,836

3,633,647

2,705,513

1,936,817

2,206,926

Lease financing receivables

1,989,696

2,273,692

2,211,667

2,445,019

2,670,941

Loans to depository institutions and acceptances of other banks

5,132

2,038

3,201

1,363

1,980

Trading account assets

220,482

431,544

179,378

90,100

63,386

Bank premises and fixed assets

235,939

178,845

151,953

73,207

81,002

Other real estate owned

7,242

6,840

17,705

31,955

54,631

Direct and indirect investments in real estate

N/A

OREO: Real estate acquired

7,242

6,840

17,705

31,955

54,631

Other real estate owned: 1-4 family residential

7,192

6,584

17,705

31,955

40,067

Other Real Estate Owned: Multi-family residential

N/A

Other real estate owned: Commercial real estate

N/A

Other real estate owned:Construction & development

256

N/A

2,497

Other real estate owned: Farmland

N/A

Foreclosed properties from GNMA loans before June 2018

N/A

12,067

Other real estate owned in foreign offices

N/A

Goodwill and other intangibles

105,126

139,479

395,315

417,838

439,731

Goodwill

N/A

323,074

Mortgage servicing assets

3,000

4,300

N/A

All other assets

7,887,187

7,661,197

6,746,662

6,059,924

5,522,811

Liabilities and Capital

Total liabilities and capital

47,562,923

52,384,680

45,268,907

42,181,682

40,746,561

Total Liabilities

42,188,978

47,441,712

40,002,622

37,090,726

35,625,093

Total deposits

40,214,687

44,202,948

35,823,085

32,040,816

30,086,539

Deposits held in domestic offices

40,214,687

44,202,948

35,823,085

32,040,816

30,086,539

Individuals, partnerships, and corporations

39,683,097

43,675,427

35,754,410

31,901,553

29,540,437

U.S. Government

N/A

States and political subdivisions in the U.S.

411,764

338,257

11,835

16,690

132,250

Commercial banks and other depository institutions in U.S.

119,823

189,261

56,837

122,570

413,852

Banks in foreign countries

N/A

Foreign governments and official institutions

N/A

Deposits held in foreign offices

N/A

Deposits held in domestic offices

40,214,687

44,202,948

35,823,085

32,040,816

30,086,539

Transaction accounts

1,552,087

1,582,855

792,630

639,911

749,700

Nontransaction accounts

38,662,600

42,620,093

35,030,455

31,400,905

29,336,839

Money market deposit accounts (MMDAs)

21,233,909

20,418,880

9,492,908

10,665,596

8,802,479

Other savings deposits (excluding MMDAs)

9,904,541

11,780,994

14,379,765

6,682,499

6,186,320

Total time deposits

7,524,150

10,420,218

11,157,781

14,052,808

14,348,040

Federal funds purchased and repurchase agreements

N/A

Trading liabilities

77,435

77,943

20,656

61,574

37,875

N/A - idobrmtg

329,702

1,672,708

2,551,103

4,104,233

4,468,352

Subordinated debt

300,000

N/A

All other liabilities

1,267,154

1,188,113

1,307,778

884,103

1,032,327

Total equity capital

5,373,945

4,942,968

5,266,285

5,090,956

5,121,468

Bank equity capital

5,373,945

4,942,968

5,266,285

5,090,956

5,121,468

Perpetual preferred stock

N/A

Common stock

10,000

Surplus

4,908,827

4,908,825

4,767,611

4,767,481

5,464,408

Undivided profits

455,118

24,143

488,674

313,475

352,940

Equity, minor interest in consolidated subs

N/A

Memoranda

Noncurrent loans and leases

476,101

795,426

415,271

534,134

486,365

Income earned, not collected on loans

61,479

80,854

77,525

81,686

69,649

Earning assets

39,000,701

43,826,842

36,832,747

35,420,454

34,456,447

Long-term assets (5+ years)

12,133,831

12,059,765

10,222,166

10,008,340

9,099,796

Average total assets

49,727,183.6

52,561,323.6

44,358,503.8

41,671,061.4

41,289,683.4

Average assets, quarterly

48,141,903.5

53,902,073

45,324,891

41,506,511

40,485,725

Total risk weighted assets adjusted

40,247,378

43,962,537

37,150,503

35,697,609

34,527,247

Adjusted average assets for leverage capital purposes

48,171,782

54,846,632

44,397,260

41,334,047

40,279,899

Life insurance assets

1,201,535

1,168,840

1,043,224

814,074

788,571

General account life insurance assets

1,201,535

1,168,840

1,043,224

814,074

788,571

Separate account life insurance assets

N/A

Hybrid life insurance assets

N/A

Volatile liabilities

1,190,695

2,091,818

2,284,332

2,791,754

4,344,722

Insider loans

N/A

FHLB advances

N/A

1,100,000

1,650,000

3,600,000

3,695,500

Loans and leases held for sale

46,731

717,064

25,338

316,343

1,443,391

Unused loan commitments

6,115,913

7,141,766

5,937,613

6,264,162

5,405,760

Tier one (core) capital

5,493,847

4,907,715

4,879,607

4,783,578

4,751,632

Tier 2 Risk-based capital

803,914

852,414

764,643

446,795

431,711

Total unused commitments

6,115,913

7,141,766

5,937,613

6,264,162

5,405,760

Derivatives

21,895,981

22,280,916

19,024,027

16,454,843

12,844,398