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Segment Results (Tables)
6 Months Ended
Jun. 30, 2013
Segment Results  
Schedule of segment results

 

 

 

 

For the three months ended June 30, 2013

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

185,024

 

$

247

 

$

17,648

 

$

202,919

 

Provision for losses on covered loans

 

(11,927

)

 

 

(11,927

)

Noninterest income

 

30,555

 

58,472

 

(6,818

)

82,209

 

Depreciation and amortization

 

3,624

 

1,876

 

4,680

 

10,180

 

Noninterest expense

 

171,289

 

48,684

 

(18,724

)

201,249

 

Income before income taxes

 

52,593

 

8,159

 

24,874

 

85,626

 

Provision for income taxes

 

15,699

 

2,298

 

7,425

 

25,422

 

Net income

 

36,894

 

5,861

 

17,449

 

60,204

 

Less: Net income attributable to noncontrolling interest

 

 

463

 

 

463

 

Net income attributable to City National Corporation

 

$

36,894

 

$

5,398

 

$

17,449

 

$

59,741

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

15,379,372

 

$

 

$

54,730

 

$

15,434,102

 

Covered loans

 

909,728

 

 

 

909,728

 

Total assets

 

16,505,989

 

652,737

 

10,310,855

 

27,469,581

 

Deposits

 

22,409,159

 

120,702

 

588,957

 

23,118,818

 

Goodwill

 

393,177

 

249,445

 

 

642,622

 

Customer-relationship intangibles, net

 

5,176

 

40,199

 

 

45,375

 

 

 

 

For the three months ended June 30, 2012

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

184,758

 

$

648

 

$

31,073

 

$

216,479

 

Provision for credit losses on loans and leases, excluding covered loans

 

1,000

 

 

 

1,000

 

Provision for losses on covered loans

 

13,293

 

 

 

13,293

 

Noninterest income

 

50,089

 

39,966

 

(15,287

)

74,768

 

Depreciation and amortization

 

3,414

 

1,538

 

4,579

 

9,531

 

Noninterest expense

 

165,635

 

36,123

 

(16,773

)

184,985

 

Income before income taxes

 

51,505

 

2,953

 

27,980

 

82,438

 

Provision for income taxes

 

17,123

 

846

 

9,302

 

27,271

 

Net income

 

34,382

 

2,107

 

18,678

 

55,167

 

Less: Net income attributable to noncontrolling interest

 

 

409

 

 

409

 

Net income attributable to City National Corporation

 

$

34,382

 

$

1,698

 

$

18,678

 

$

54,758

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

13,073,029

 

$

 

$

52,838

 

$

13,125,867

 

Covered loans

 

1,341,041

 

 

 

1,341,041

 

Total assets

 

14,728,913

 

530,179

 

9,103,454

 

24,362,546

 

Deposits

 

20,379,604

 

96,839

 

471,803

 

20,948,246

 

Goodwill

 

370,333

 

162,813

 

 

533,146

 

Customer-relationship intangibles, net

 

8,129

 

25,714

 

 

33,843

 

 

 

 

For the six months ended June 30, 2013

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

368,980

 

$

565

 

$

34,447

 

$

403,992

 

Provision for losses on covered loans

 

(2,035

)

 

 

(2,035

)

Noninterest income

 

80,818

 

113,925

 

(19,006

)

175,737

 

Depreciation and amortization

 

7,243

 

3,776

 

9,265

 

20,284

 

Noninterest expense

 

342,286

 

95,664

 

(35,465

)

402,485

 

Income before income taxes

 

102,304

 

15,050

 

41,641

 

158,995

 

Provision for income taxes

 

30,237

 

4,138

 

12,308

 

46,683

 

Net income

 

72,067

 

10,912

 

29,333

 

112,312

 

Less: Net income attributable to noncontrolling interest

 

 

1,048

 

 

1,048

 

Net income attributable to City National Corporation

 

$

72,067

 

$

9,864

 

$

29,333

 

$

111,264

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

15,068,756

 

$

 

$

54,691

 

$

15,123,447

 

Covered loans

 

949,370

 

 

 

949,370

 

Total assets

 

16,247,389

 

648,561

 

10,692,758

 

27,588,708

 

Deposits

 

22,126,242

 

113,563

 

527,035

 

22,766,840

 

Goodwill

 

393,177

 

249,445

 

 

642,622

 

Customer-relationship intangibles, net

 

5,543

 

40,794

 

 

46,337

 

 

 

 

For the six months ended June 30, 2012

 

 

 

Commercial and

 

Wealth

 

 

 

Consolidated

 

(in thousands)

 

Private Banking

 

Management

 

Other

 

Company

 

 

 

 

 

 

 

 

 

 

 

Earnings Summary:

 

 

 

 

 

 

 

 

 

Net interest income

 

$

356,572

 

$

1,264

 

$

59,356

 

$

417,192

 

Provision for credit losses on loans and leases, excluding covered loans

 

1,000

 

 

 

1,000

 

Provision for losses on covered loans

 

20,759

 

 

 

20,759

 

Noninterest income

 

96,974

 

79,337

 

(25,843

)

150,468

 

Depreciation and amortization

 

6,997

 

2,984

 

8,864

 

18,845

 

Noninterest expense

 

336,785

 

72,262

 

(32,656

)

376,391

 

Income before income taxes

 

88,005

 

5,355

 

57,305

 

150,665

 

Provision for income taxes

 

28,740

 

1,536

 

18,714

 

48,990

 

Net income

 

59,265

 

3,819

 

38,591

 

101,675

 

Less: Net income attributable to noncontrolling interest

 

 

652

 

 

652

 

Net income attributable to City National Corporation

 

$

59,265

 

$

3,167

 

$

38,591

 

$

101,023

 

 

 

 

 

 

 

 

 

 

 

Selected Average Balances:

 

 

 

 

 

 

 

 

 

Loans and leases, excluding covered loans

 

$

12,726,026

 

$

 

$

53,054

 

$

12,779,080

 

Covered loans

 

1,389,877

 

 

 

1,389,877

 

Total assets

 

14,433,156

 

533,956

 

9,036,610

 

24,003,722

 

Deposits

 

20,050,801

 

97,937

 

434,083

 

20,582,821

 

Goodwill

 

347,547

 

162,367

 

 

509,914

 

Customer-relationship intangibles, net

 

8,568

 

26,103

 

 

34,671