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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

6.54%Q2 ’0911.71%Q2 ’1011.93%Q2 ’11+89%+4%

Non-interest income vs. expense

6.45%Q2 ’093.46%Q2 ’104.36%Q2 ’11-39%+72%

Executive Summary

  • Earnings: ROA of 3.73%, up 379 bps year over year; NIM at 10.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.40%.
  • Funding: loans stand at 12655.13% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

3.73%+379 bps YoY

Net Interest Margin (quarter, annualized)

10.79%+44 bps YoY

Efficiency Ratio (quarter, annualized)

31.35%+632 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-0.05%1.16%1.06%2.99%3.73%+379 bps
Return on Equity-0.34%7.26%6.44%17.36%19.06%+1,940 bps
Net Interest Margin10.34%10.71%10.59%10.43%10.79%+44 bps
Efficiency Ratio25.03%25.11%30.14%31.47%31.35%+632 bps
Non-Interest Burden1.56%1.55%2.52%2.58%2.68%+112 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 / Loans11.73%10.14%8.47%7.41%7.40%-433 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