Parent Company Only Condensed Financial Statements (Tables)

12 Months Ended

Dec. 31, 2011

Parent Company Only Condensed Financial Statements.

Schedule of condensed balance sheets of parent company

CONDENSED BALANCE SHEETS

	December 31,
(in thousands)	2011		2010
Assets
Cash	$	58,671	$	19,588
Securities		76,723		77,235
Other assets		81,339		100,879
Investment in City National Bank		2,260,564		2,095,608
Investment in non-bank subsidiaries		198,486		202,782
Total assets	$	2,675,783	$	2,496,092
Liabilities
Long-term debt	$	518,307	$	525,569
Other liabilities		12,627		10,944
Total liabilities		530,934		536,513
Total shareholders' equity		2,144,849		1,959,579
Total liabilities and shareholders' equity	$	2,675,783	$	2,496,092

Schedule of condensed statements of income of parent company

CONDENSED STATEMENTS OF INCOME

	For the year ended December 31,
(in thousands)	2011			2010			2009
Income
Dividends from Bank and non-bank subsidiaries	$	30,000		$	—		$	20,016
Interest and dividend income and other income		14,171			6,209			8,121
Impairment loss on securities		—			—			(10,912	)
Gain (loss) on sale of securities		3,170			(509	)		(7,632	)
Total income		47,341			5,700			9,593
Expense
Interest on other borrowings		18,533			26,567			5,551
Other expenses		5,804			4,097			6,653
Total expenses		24,337			30,664			12,204
Income (loss) before taxes and equity in undistributed income of Bank and non-bank subsidiaries		23,004			(24,964	)		(2,611	)
Income tax benefit		(8,059	)		(15,942	)		(16,630	)
Income (loss) before equity in undistributed income of Bank and non-bank subsidiaries		31,063			(9,022	)		14,019
Equity in undistributed income of Bank and non-bank subsidiaries		141,358			139,486			36,066
Net income	$	172,421		$	130,464		$	50,085
Less: Net loss attributable to noncontrolling interest		—			(713	)		(1,254	)
Net income attributable to City National Corporation	$	172,421		$	131,177		$	51,339
Less: Dividends and accretion on preferred stock		—			5,702			25,903
Net income available to common shareholders	$	172,421		$	125,475		$	25,436

Schedule of condensed statements of cash flow of parent company

CONDENSED STATEMENTS OF CASH FLOWS

	For the year ended December 31,
(in thousands)	2011			2010			2009
Cash Flows From Operating Activities
Net income	$	172,421		$	130,464		$	50,085
Adjustments to net income:
Equity in undistributed income of Bank and non-bank subsidiaries		(141,358	)		(139,486	)		(36,066	)
Other, net		20,382			13,127			41,944
Net cash provided by operating activities		51,445			4,105			55,963
Cash Flows From Investing Activities
Purchase of securities available-for-sale		(65,019	)		(352,133	)		(35,821	)
Sales and paydowns of securities available-for-sale		77,779			304,694			67,442
Net advances to subsidiaries		—			(8,265	)		(369,041	)
Cash paid for acquisition		—			(6,140	)		—
Other, net		11,036			2,520			(3,847	)
Net cash provided by (used in) investing activities		23,796			(59,324	)		(341,267	)
Cash Flows For Financing Activities
Net (decrease) increase in other borrowings		(757	)		50,000			230,796
Cash dividends		(42,489	)		(24,012	)		(48,338	)
Redemption of preferred stock		—			(200,000	)		(200,000	)
Repurchase of common stock warrant		—			(18,500	)		—
Issuance of common stock		—			—			119,929
Proceeds from exercise of stock options		5,089			23,764			2,236
Other, net		1,999			470			237
Net cash (used in) provided by financing activities		(36,158	)		(168,278	)		104,860
Net increase (decrease) in cash and cash equivalents		39,083			(223,497	)		(180,444	)
Cash and cash equivalents at beginning of year		19,588			243,085			423,529
Cash and cash equivalents at end of year	$	58,671		$	19,588		$	243,085