Call reports 2014
CIT BANK — 2014
What CIT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 16,766,403,000 | 18,270,503,000 | 20,328,276,000 | 21,116,014,000 |
| Total loans | 12,656,984,000 | 13,470,506,000 | 14,751,554,000 | 15,005,645,000 |
| Allowance for loan losses | 223,282,000 | 231,149,000 | 253,679,000 | 269,546,000 |
| Securities available for sale | 99,324,000 | 107,969,000 | 184,415,000 | 171,937,000 |
| Securities held to maturity | 223,127,000 | 255,102,000 | 263,093,000 | 271,446,000 |
| Trading assets | 8,061,000 | 9,196,000 | 10,336,000 | 15,467,000 |
| Total deposits | 13,129,828,000 | 13,867,492,000 | 14,432,533,000 | 15,877,944,000 |
| Interest-bearing deposits | 13,074,298,000 | 13,800,106,000 | 14,349,167,000 | 15,779,561,000 |
| Noninterest-bearing deposits | 55,530,000 | 67,387,000 | 83,366,000 | 98,382,000 |
| Equity capital | 2,629,338,000 | 2,669,763,000 | 2,682,642,000 | 2,716,422,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 157,791,000 | 327,536,000 | 512,107,000 | 712,101,000 |
| Interest expense | 51,383,000 | 106,454,000 | 171,670,000 | 245,134,000 |
| Net interest income | 106,408,000 | 221,082,000 | 340,437,000 | 466,967,000 |
| Noninterest income | 72,854,000 | 150,145,000 | 235,307,000 | 341,831,000 |
| Noninterest expense | 103,645,000 | 209,197,000 | 353,105,000 | 505,025,000 |
| Provision for loan losses | 24,776,000 | 39,383,000 | 72,960,000 | 99,046,000 |
| Pretax income | 50,841,000 | 122,647,000 | 149,679,000 | 204,727,000 |
| Income tax | 17,826,000 | 48,211,000 | 58,853,000 | 81,580,000 |
| Net income | 33,015,000 | 74,436,000 | 90,826,000 | 123,147,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,629,338,000 | 2,669,737,000 | 2,504,397,000 | 2,536,373,000 |
| Total capital | 2,833,405,000 | 2,889,614,000 | 2,745,129,000 | 2,781,487,000 |
| Risk-weighted assets | 16,284,395,000 | 17,555,740,000 | 19,220,172,000 | 19,552,260,000 |