🏦Bank Scorer

This institution is no longer active

Operations ceased on August 3, 2015. CRA examination history below reflects the period it was active.

CIT BANK

SALT LAKE CITY, UT · Supervised by FDIC

Est. 2000FDIC #35,575RSSD: FDIC-35575
Part ofCIT GROUP INC→ View all charters
Satisfactory Same

Current rating · Exam: August 2013

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.68%

Institution Profile

FDIC BankFind

Address

2150 South 1300 East, Suite 400, SALT LAKE CITY, UT

County

Salt Lake County

Established

October 20, 2000

Total Assets

$21.9B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

August 1, 2013

Exam Type

Wholesale/Limited Purpose

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 12 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 2015Call Report / FDIC

Total Assets

$21.9B

Total Deposits

$17.3B

Net Loans

$15.6B

Net Income

$73M

ROA

0.68%

ROE

5.29%

Risk-Based Capital

13.81%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Regional banks

Compared to the peer-bank Regional peer group (same asset tier).

Mortgage Denial Rate15.07%Peer avg: 26.91%▲ Above avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20213,37263.58%15.07%
20203,66658.18%16.26%
20193,71059.41%12.29%
20183,05656.35%15.38%

2024 national avg denial rate: 23.75% · Regional bank avg: 26.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

↑ Improving

Based on last 3 exams

3 previous ratings locked — dating back to 2003

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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