PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citibank (South Dakota), N.A.

Sioux Falls, SD · Cert 23360

FDIC

Q2 2011

$119.8BAssets
$116.5BLoans
$920.9MDeposits
$26.0BEquity
Deposit mix
43%Interest-bearing $391.4M57%Noninterest $529.5MQ2 2010Q2 2011

NIM

6.26%Q2 ’0912.11%Q2 ’1012.14%Q2 ’11+104%+3%

Non-interest income vs. expense

6.50%Q2 ’093.63%Q2 ’104.41%Q2 ’11+95%+61%

Executive Summary

  • Earnings: ROA of 3.38%, up 379 bps year over year; NIM at 10.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.86%.
  • Funding: loans stand at 12655.13% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

3.38%+379 bps YoY

Net Interest Margin (YTD, annualized)

10.90%+30 bps YoY

Efficiency Ratio (YTD, annualized)

31.41%+563 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-0.41%0.14%0.38%2.99%3.38%+379 bps
Return on Equity-2.40%0.82%2.24%17.36%18.22%+2,063 bps
Net Interest Margin10.60%11.06%11.02%10.43%10.90%+30 bps
Efficiency Ratio25.78%25.57%26.64%31.47%31.41%+563 bps
Non-Interest Burden1.68%1.70%1.92%2.58%2.70%+102 bps
Growth
Asset Growth (YoY)51.51%45.42%45.60%-11.97%-17.84%-6,935 bps
Loan Growth (YoY)118.04%115.48%142.53%-10.47%-7.07%-12,511 bps
Deposit Growth (YoY)3.12%-4.14%-1.07%1.89%-98.11%-10,123 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans11.99%10.67%10.02%7.41%7.86%-413 bps
Allowance / Loans12.88%11.12%10.46%10.12%10.20%-268 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital14.97%15.38%15.83%17.97%20.01%+504 bps
Equity / Assets15.67%16.21%16.61%17.80%21.67%+600 bps
Liquidity & Funding
Loans / Deposits258%283%277%261%12655%+1,239,760 bps
Liquid Assets / Assets13.12%2.22%0.12%3.44%0.05%-1,307 bps
CRE / Total Capitaln/an/an/an/an/an/an/a