Citibank USA, National Association in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2006

  • Citibank USA, National Association in Sioux Falls, South Dakota (SD)
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Citibank USA, National Association - Overview

  • General
  • FDIC Certificate #: 16100
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citibank (South Dakota), N.A. (#23360)
    Federal Reserve ID: 112855
    Date Established: November 09, 1943
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 10317
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 09, 1943
    Last Structure Change Effective Date: October 01, 2006
    Last Structure Change Process Date: October 18, 2006
    Last Data Update: October 18, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 East 60th Street, North, Sioux Falls, SD 57104
    County: Minnehaha
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: New York
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760)
    Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
    CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
  • Financial Summary
  • Total assets: $7,374.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2005)

  • Dollar figures in thousands
  • 1,257Total employees (full-time equivalent)
  • $6,724,678Total assets
  • $553,977Cash and due from depository institutions
  • $1,174Interest-bearing balances
  • $99Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,655,229Net loans & leases
  • $100,225Loan loss allowance
  • $0Trading account assets
  • $3,250Bank premises and fixed assets
  • $0Other real estate owned
  • $253,470Goodwill and other intangibles
  • $0Life insurance assets
  • $258,653All other assets
  • $6,724,678Total liabilities and capital
  • $6,003,122Total liabilities
  • $1,237,841Total deposits
  • $991,842Interest-bearing deposits
  • $1,237,841Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $285,300Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,245,000Other borrowed funds
  • $200,000Subordinated debt
  • $1,034,981All other liabilities
  • $721,556Total equity capital
  • $721,556Total bank equity capital
  • $721,556Perpetual preferred stock
  • $0Common stock
  • $36Surplus
  • $606,132Undivided profits
  • Memoranda
  • $115,388Noncurrent loans and leases
  • $403,607,593Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $73,243Earning assets
  • $0Long-term assets (5+ years)
  • $813Average Assets, year-to-date
  • $5,656,502Average Assets, quarterly
  • $8,944Volatile liabilities
  • $6,207,159Insider loans
  • $6,834,735FHLB advances
  • $2,532,493Loans and leases held for sale
  • $1,397Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $403,607,593Total unused commitments
  • $0Restructured Loans and leases
  • $286,560Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $478,855Total interest income
  • $119,938Total interest expense
  • $358,917Net interest income
  • $129,396Provision for loan and lease losses
  • $933,764Total noninterest income
  • $7,188Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $926,576Additional noninterest income
  • $781,696Total noninterest expense
  • $87,202Salaries and employee benefits
  • $2,470Premises and equipment expense
  • $692,024Additional noninterest expense
  • $381,589Pre-tax net operating income
  • $0Securities gains (losses)
  • $134,491Applicable income taxes
  • $247,098Income before extraordinary items
  • $0Extraordinary gains - net
  • $247,098Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $130,877Sale, conversion, retirement of capital stock, net
  • $700,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.05%Yield on earning assets
  • 2.27%Cost of funding earning assets
  • 6.78%Net interest margin
  • 17.65%Noninterest income to earning assets
  • 14.78%Noninterest expense to earning assets
  • 3.98%Net operating income to assets
  • 3.98%Return on assets (ROA)
  • 6.15%Pretax return on assets
  • 23.27%Return on equity (ROE)
  • -42.65%Retained earnings to average equity (YTD only)
  • 2.44%Net charge-offs to loans
  • 98.87%Credit loss provision to net charge-offs
  • 3.90%Efficiency ratio
  • 57,170Assets per employee
  • 5.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 283.29%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 136.84%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 1.27%Net loans and leases to deposits
  • 456.86%Net loans and leases to core deposits
  • 465.20%Equity capital to assets
  • 10.73%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 8.33%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $6,207,159Average earning assets
  • $1,061,911Average equity
  • $5,290,205Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,362,944Managed Assets
  • 1Number of Accounts
  • $1,006,606Personal trust and agency accounts
  • $930,572Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,860Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $70,174Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1175Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,356,338Other retirement accounts
  • $1,356,338Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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