Call reports 2008
CIT BANK — 2008
What CIT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 3,096,706,000 | 2,643,973,000 | 3,117,514,000 | 3,498,275,000 |
| Total loans | 1,448,783,000 | 1,479,666,000 | 1,957,669,000 | 2,017,578,000 |
| Allowance for loan losses | 59,838,000 | 49,088,000 | 44,610,000 | 48,117,000 |
| Securities available for sale | 1,402,367,000 | 880,636,000 | 301,974,000 | 412,150,000 |
| Securities held to maturity | 193,603,000 | 192,290,000 | 188,588,000 | 186,111,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,113,253,000 | 1,782,935,000 | 2,252,468,000 | 2,625,442,000 |
| Interest-bearing deposits | 2,113,247,000 | 1,782,929,000 | 2,252,462,000 | 2,625,334,000 |
| Noninterest-bearing deposits | 6,000 | 6,000 | 7,000 | 108,000 |
| Equity capital | 490,363,000 | 495,960,000 | 504,535,000 | 533,550,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 44,551,000 | 85,170,000 | 128,954,000 | 178,300,000 |
| Interest expense | 33,814,000 | 62,505,000 | 88,575,000 | 118,138,000 |
| Net interest income | 10,737,000 | 22,665,000 | 40,379,000 | 60,162,000 |
| Noninterest income | 2,553,000 | 6,507,000 | 8,873,000 | 14,633,000 |
| Noninterest expense | 3,971,000 | 6,989,000 | 9,746,000 | 12,711,000 |
| Provision for loan losses | 9,106,000 | 12,926,000 | 20,650,000 | 37,039,000 |
| Pretax income | 213,000 | 9,260,000 | 18,859,000 | 25,048,000 |
| Income tax | 78,000 | 3,377,000 | 7,015,000 | 9,277,000 |
| Net income | 135,000 | 5,883,000 | 11,844,000 | 15,771,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 490,180,000 | 495,928,000 | 504,489,000 | 533,416,000 |
| Total capital | 512,235,000 | 518,462,000 | 533,846,000 | 563,744,000 |
| Risk-weighted assets | 1,715,985,000 | 1,774,376,000 | 2,330,683,000 | 2,400,759,000 |
Machine access — free, no API key
Every figure shown here about CIT BANK — 2008 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts, and since 27 September get_timeseries for a metric over time with its gap years made explicit and compare_entities for several entities on one shared period) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.