Call reports 2014
CIT BANK, NATIONAL ASSOCIATION — 2014
What CIT BANK, NATIONAL ASSOCIATION 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 | 21,796,520,000 | 22,511,337,000 | 21,955,567,000 | 21,815,228,000 |
| Total loans | 13,733,427,000 | 14,629,651,000 | 14,661,290,000 | 14,826,213,000 |
| Allowance for loan losses | 78,117,000 | 83,570,000 | 80,386,000 | 121,965,000 |
| Securities available for sale | 1,270,456,000 | 1,222,058,000 | 1,180,866,000 | 1,141,697,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 9,882,000 | 11,927,000 | 11,905,000 | 16,025,000 |
| Total deposits | 14,436,701,000 | 14,644,512,000 | 14,357,110,000 | 14,265,269,000 |
| Interest-bearing deposits | 13,652,577,000 | 13,570,378,000 | 13,432,897,000 | 13,355,552,000 |
| Noninterest-bearing deposits | 784,124,000 | 1,074,134,000 | 924,213,000 | 909,717,000 |
| Equity capital | 3,164,274,000 | 2,795,424,000 | 2,834,496,000 | 2,788,877,000 |
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 | 214,344,000 | 437,702,000 | 665,040,000 | 897,332,000 |
| Interest expense | 34,886,000 | 70,107,000 | 106,156,000 | 140,261,000 |
| Net interest income | 179,458,000 | 367,595,000 | 558,884,000 | 757,071,000 |
| Noninterest income | -11,245,000 | -30,764,000 | -28,970,000 | -22,363,000 |
| Noninterest expense | 93,229,000 | 183,891,000 | 280,155,000 | 386,403,000 |
| Provision for loan losses | -570,000 | 9,874,000 | 28,468,000 | 49,989,000 |
| Pretax income | 76,198,000 | 148,399,000 | 226,328,000 | 303,391,000 |
| Income tax | 28,588,000 | 56,844,000 | 86,972,000 | 119,033,000 |
| Net income | 43,334,000 | 60,634,000 | 101,870,000 | 154,214,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,898,828,000 | 2,543,582,000 | 2,591,122,000 | 2,561,972,000 |
| Total capital | 2,982,593,000 | 2,633,697,000 | 2,681,530,000 | 2,696,614,000 |
| Risk-weighted assets | 10,116,871,000 | 10,678,437,000 | 10,751,410,000 | 11,057,705,000 |