PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citibank (Nevada), National Association

Las Vegas, NV · Cert 26211

FDIC

Q3 2006

$13.9BAssets
$9.1BLoans
$6.5BDeposits
$3.1BEquity
Deposit mix
99%Interest-bearing $6.4B1%Noninterest $0.0BQ3 2005Q3 2006

NIM

14.08%Q3 ’0411.78%Q3 ’0514.62%Q3 ’06-26%+15%

Non-interest income vs. expense

6.88%Q3 ’0410.12%Q3 ’0513.71%Q3 ’06-116%-28%

Executive Summary

  • Earnings: ROA of 5.78%, up 93 bps year over year; NIM at 11.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.53%.
  • Funding: loans stand at 141.02% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

5.78%+93 bps YoY

Net Interest Margin (YTD, annualized)

11.10%+145 bps YoY

Efficiency Ratio (YTD, annualized)

45.85%+358 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets4.85%4.91%4.39%5.11%5.78%+93 bps
Return on Equity20.48%21.29%21.49%24.46%27.25%+677 bps
Net Interest Margin9.65%10.28%8.97%10.27%11.10%+145 bps
Efficiency Ratio42.27%41.76%47.95%45.45%45.85%+358 bps
Non-Interest Burden-2.98%-3.07%-2.55%-2.96%-3.81%-83 bps
Growth
Asset Growth (YoY)-9.47%-9.60%-9.31%-16.73%-14.63%-516 bps
Loan Growth (YoY)-4.35%-13.10%-10.59%-20.58%-25.26%-2,090 bps
Deposit Growth (YoY)3.83%3.50%9.57%18.43%9.19%+535 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.35%6.01%5.85%7.01%7.53%+117 bps
Allowance / Loans4.60%3.85%3.95%4.31%4.46%-15 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 Capital10.72%17.86%16.58%15.38%13.02%+230 bps
Equity / Assets17.24%20.49%20.40%21.89%22.24%+500 bps
Liquidity & Funding
Loans / Deposits206%219%189.14%154.57%141.02%-6,498 bps
Liquid Assets / Assets0.77%0.00%0.00%0.00%0.00%-76 bps
CRE / Total Capitaln/an/an/an/an/an/an/a