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 March 2024.

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
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All values USD, Dollar figures in thousands
Updated December 31, 2021
Item
2021
2020
2019
2018
2017
Trends
Assets and Liabilities
Total assets
Total assets
47,562,923
52,384,680
45,268,906
42,181,682
40,746,561
Cash & Balances due from depository institutions
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
Cash items in process of collection
64,471
92,733
35,968
47,497
52,789
Collection in domestic offices
Collection in domestic offices
41,249
68,235
24,269
35,160
39,636
Currency and coin in domestic offices
Currency and coin in domestic offices
23,222
24,498
11,699
12,337
13,153
Balances due from depository institutions in U.S.
Balances due from depository institutions in U.S.
241,449
246,189
1,098,982
218,439
76,253
Balances due from foreign banks
Balances due from foreign banks
33,051
23,283
34,349
13,256
13,100
Balances due from FRB
Balances due from FRB
2,457,340
3,469,941
1,259,513
1,133,737
774,255
Total securities *
Total securities *
6,580,892
6,660,621
6,049,646
5,967,721
6,194,534
U.S. Government securities
U.S. Government securities
6,285,577
6,321,214
5,784,657
5,797,767
5,272,659
U.S. Treasury securities
U.S. Treasury securities
472,445
489,883
2,057
243,427
297,639
U.S. Government agency obligations
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
Securities issued by states & political subdivisions
N/A
N/A
954
10,250
15,872
Other domestic debt securities
Other domestic debt securities
N/A
1,615
N/A
N/A
318,456
Privately issued residential mortgage-backed securities
Privately issued residential mortgage-backed securities
N/A
N/A
N/A
N/A
318,456
Asset backed securities
Asset backed securities
N/A
1,615
N/A
N/A
N/A
Structured financial products - Total
Structured financial products - Total
N/A
N/A
N/A
N/A
N/A
Other domestic debt securities - All other
Other domestic debt securities - All other
N/A
N/A
N/A
N/A
N/A
Foreign debt securities
Foreign debt securities
295,315
337,792
216,937
115,241
516,637
Equity securities not held for trading
Equity securities not held for trading
N/A
N/A
47,098
44,463
70,910
Equity securities available-for-sale
Equity securities available-for-sale
N/A
N/A
N/A
N/A
70,910
Credit Loss Allowance for Held to Maturity Debt Securities
Credit Loss Allowance for Held to Maturity Debt Securities
N/A
N/A
N/A
N/A
N/A
Assets held in trading accounts for TFR Reporters
Assets held in trading accounts for TFR Reporters
N/A
N/A
N/A
N/A
N/A
General valuation allowances for securities for TFR Reporters
General valuation allowances for securities for TFR Reporters
N/A
N/A
N/A
N/A
N/A
Federal funds sold and reverse repurchase
Federal funds sold and reverse repurchase
N/A
150,000
950,000
300,000
26,620
Net loans and leases
Net loans and leases
29,729,745
33,324,009
28,349,435
27,828,008
27,447,449
Loan and leases loss allowance**
Loan and leases loss allowance**
702,673
1,024,592
455,239
458,783
403,503
Total loans and leases
Total loans and leases
30,432,418
34,348,601
28,804,674
28,286,791
27,850,952
Unearned income
Unearned income
N/A
N/A
N/A
N/A
N/A
Loans and leases, gross
Loans and leases, gross
30,432,418
34,348,601
28,804,674
28,286,791
27,850,952
All real estate loans
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
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
Construction and development loans
1,450,865
1,590,466
864,404
1,354,516
1,090,700
Residential 1-4 family construction
Residential 1-4 family construction
121,784
156,875
247,646
392,009
309,949
Other construction, all land development and other land
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
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
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
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
Multifamily residential real estate
2,050,835
2,465,486
2,039,173
1,773,181
1,490,654
1-4 family residential loans
1-4 family residential loans
5,233,097
6,453,397
5,990,434
6,218,689
6,675,105
Farmland loans
Farmland loans
236
296
N/A
N/A
N/A
Loans held in foreign offices
Loans held in foreign offices
N/A
N/A
N/A
N/A
N/A
Farm loans
Farm loans
47,618
49,855
51,930
48,865
35,443
Commercial and industrial loans
Commercial and industrial loans
10,953,240
11,408,330
10,679,098
10,848,196
9,834,178
Loans to individuals
Loans to individuals
2,770
5,443
1,081
861
831
Credit card loans
Credit card loans
N/A
N/A
N/A
N/A
N/A
Related Plans
Related Plans
1,828
3,652
N/A
N/A
N/A
Consumer Loans - Auto
Consumer Loans - Auto
29
90
N/A
N/A
N/A
Other loans to individuals
Other loans to individuals
913
1,701
1,081
861
831
All other loans & leases*
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
Loans to foreign governments and official institutions
N/A
N/A
N/A
N/A
N/A
Obligations of states and political subdivisions in U.S.
Obligations of states and political subdivisions in U.S.
67,995
57,834
53,818
81,629
N/A
Other loans
Other loans
3,114,836
3,633,647
2,705,513
1,936,817
2,206,926
Lease financing receivables
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
Loans to depository institutions and acceptances of other banks
5,132
2,038
3,201
1,363
1,980
Trading account assets
Trading account assets
220,482
431,544
179,378
90,100
63,386
Bank premises and fixed assets
Bank premises and fixed assets
235,939
178,845
151,953
73,207
81,002
Other real estate owned
Other real estate owned
7,242
6,840
17,705
31,955
54,631
Direct and indirect investments in real estate
Direct and indirect investments in real estate
N/A
N/A
N/A
N/A
N/A
OREO: Real estate acquired
OREO: Real estate acquired
7,242
6,840
17,705
31,955
54,631
Other real estate owned: 1-4 family residential
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
Other Real Estate Owned: Multi-family residential
N/A
N/A
N/A
N/A
N/A
Other real estate owned: Commercial real estate
Other real estate owned: Commercial real estate
N/A
N/A
N/A
N/A
N/A
Other real estate owned:Construction & development
Other real estate owned:Construction & development
50
256
N/A
N/A
2,497
Other real estate owned: Farmland
Other real estate owned: Farmland
N/A
N/A
N/A
N/A
N/A
Foreclosed properties from GNMA loans before June 2018
Foreclosed properties from GNMA loans before June 2018
N/A
N/A
N/A
N/A
12,067
Other real estate owned in foreign offices
Other real estate owned in foreign offices
N/A
N/A
N/A
N/A
N/A
Goodwill and other intangibles
Goodwill and other intangibles
105,126
139,479
395,315
417,838
439,731
Goodwill
Goodwill
N/A
N/A
323,074
323,074
323,074
Mortgage servicing assets
Mortgage servicing assets
3,000
4,300
N/A
N/A
N/A
All other assets
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
Total liabilities and capital
47,562,923
52,384,680
45,268,907
42,181,682
40,746,561
Total Liabilities
Total Liabilities
42,188,978
47,441,712
40,002,622
37,090,726
35,625,093
Total deposits
Total deposits
40,214,687
44,202,948
35,823,085
32,040,816
30,086,539
Deposits held in domestic offices
Deposits held in domestic offices
40,214,687
44,202,948
35,823,085
32,040,816
30,086,539
Individuals, partnerships, and corporations
Individuals, partnerships, and corporations
39,683,097
43,675,427
35,754,410
31,901,553
29,540,437
U.S. Government
U.S. Government
N/A
N/A
N/A
N/A
N/A
States and political subdivisions in the U.S.
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.
Commercial banks and other depository institutions in U.S.
119,823
189,261
56,837
122,570
413,852
Banks in foreign countries
Banks in foreign countries
N/A
N/A
N/A
N/A
N/A
Foreign governments and official institutions
Foreign governments and official institutions
3
3
3
3
N/A
Deposits held in foreign offices
Deposits held in foreign offices
N/A
N/A
N/A
N/A
N/A
Deposits held in domestic offices
Deposits held in domestic offices
40,214,687
44,202,948
35,823,085
32,040,816
30,086,539
Transaction accounts
Transaction accounts
1,552,087
1,582,855
792,630
639,911
749,700
Nontransaction accounts
Nontransaction accounts
38,662,600
42,620,093
35,030,455
31,400,905
29,336,839
Money market deposit accounts (MMDAs)
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)
Other savings deposits (excluding MMDAs)
9,904,541
11,780,994
14,379,765
6,682,499
6,186,320
Total time deposits
Total time deposits
7,524,150
10,420,218
11,157,781
14,052,808
14,348,040
Federal funds purchased and repurchase agreements
Federal funds purchased and repurchase agreements
N/A
N/A
N/A
N/A
N/A
Trading liabilities
Trading liabilities
77,435
77,943
20,656
61,574
37,875
N/A - idobrmtg
N/A - idobrmtg
329,702
1,672,708
2,551,103
4,104,233
4,468,352
Subordinated debt
Subordinated debt
300,000
300,000
300,000
N/A
N/A
All other liabilities
All other liabilities
1,267,154
1,188,113
1,307,778
884,103
1,032,327
Total equity capital
Total equity capital
5,373,945
4,942,968
5,266,285
5,090,956
5,121,468
Bank equity capital
Bank equity capital
5,373,945
4,942,968
5,266,285
5,090,956
5,121,468
Perpetual preferred stock
Perpetual preferred stock
N/A
N/A
N/A
N/A
N/A
Common stock
Common stock
10,000
10,000
10,000
10,000
10,000
Surplus
Surplus
4,908,827
4,908,825
4,767,611
4,767,481
5,464,408
Undivided profits
Undivided profits
455,118
24,143
488,674
313,475
352,940
Equity, minor interest in consolidated subs
Equity, minor interest in consolidated subs
N/A
N/A
N/A
N/A
N/A
Memoranda
Noncurrent loans and leases
Noncurrent loans and leases
476,101
795,426
415,271
534,134
486,365
Income earned, not collected on loans
Income earned, not collected on loans
61,479
80,854
77,525
81,686
69,649
Earning assets
Earning assets
39,000,701
43,826,842
36,832,747
35,420,454
34,456,447
Long-term assets (5+ years)
Long-term assets (5+ years)
12,133,831
12,059,765
10,222,166
10,008,340
9,099,796
Average total assets
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
Average assets, quarterly
48,141,903.5
53,902,073
45,324,891
41,506,511
40,485,725
Total risk weighted assets adjusted
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
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
Life insurance assets
1,201,535
1,168,840
1,043,224
814,074
788,571
General account life insurance assets
General account life insurance assets
1,201,535
1,168,840
1,043,224
814,074
788,571
Separate account life insurance assets
Separate account life insurance assets
N/A
N/A
N/A
N/A
N/A
Hybrid life insurance assets
Hybrid life insurance assets
N/A
N/A
N/A
N/A
N/A
Volatile liabilities
Volatile liabilities
1,190,695
2,091,818
2,284,332
2,791,754
4,344,722
Insider loans
Insider loans
N/A
3
12
31
29
FHLB advances
FHLB advances
N/A
1,100,000
1,650,000
3,600,000
3,695,500
Loans and leases held for sale
Loans and leases held for sale
46,731
717,064
25,338
316,343
1,443,391
Unused loan commitments
Unused loan commitments
6,115,913
7,141,766
5,937,613
6,264,162
5,405,760
Tier one (core) capital
Tier one (core) capital
5,493,847
4,907,715
4,879,607
4,783,578
4,751,632
Tier 2 Risk-based capital
Tier 2 Risk-based capital
803,914
852,414
764,643
446,795
431,711
Total unused commitments
Total unused commitments
6,115,913
7,141,766
5,937,613
6,264,162
5,405,760
Derivatives
Derivatives
21,895,981
22,280,916
19,024,027
16,454,843
12,844,398