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Overview / Commentary
800-773-7100
555 S. Flower Street
Los Angeles, CA 90071

City National Bank is a mid-sized, publicly traded bank (NYSE: CYN) that provides individual and business customers with banking, lending, and wealth management products and services. The bank emphasizes that it is not a Wall Street bank, but rather a California-based institution focused on its community.

On its individual banking side, City National Bank offers a range of depository products and loans to meet its customers’ needs. Several checking account options offer a variety of features, requirements, and interest incentives. City National Bank’s savings accounts allow customers to choose either a basic savings account or one that functions electronically, without paper statements. Money market accounts give customers the opportunity to earn higher rates of interest by maintaining larger minimum balances. Certificates of deposit have minimum initial deposit requirements and range in term lengths. City National Bank provides international banking services as well, which could be useful to U.S. citizens living abroad or who travel frequently. Those international services include wire transfers, currency management, foreign currency exchange, and foreign currency deposit accounts.

City National Bank online banking provides an easy way for customers to perform tasks like account management, Bill Pay, check image viewing, stop payment orders, and mobile banking. The bank has released a mobile smartphone app to make it simple for customers to perform those account related tasks while on the go. Customers of the bank can also pay for Quicken services to be linked with their deposit accounts for personal financial management.

City National Bank was established in 1954 in order to serve entrepreneurs and professionals in the entertainment and real estate industries in Beverly Hills, California. Since then, the bank has moved its headquarters to Los Angeles, California, and has expanded its customer base across the United States, serving them through numerous branches.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 City National Bank (CA) had $119.11 million in non-current loans and owned real-estate with $2.95 billion in equity and loan loss allowances on hand to cover it. This gives City National Bank (CA) a Texas Ratio of 4.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for City National Bank (CA) decreased dramatically from 7.46% as of March 31, 2013 to 4.04% as of March 31, 2014, resulting in a positive change of 45.87%.This indicates that the balance sheet and financial strength for City National Bank (CA) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, City National Bank (CA) has increased its total deposits by $2.97 billion, resulting in 12.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth City National Bank (CA) has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. City National Bank (CA) has $29.49 billion in assets with $2.95 billion in equity, resulting in a capitalization level of 10.00%, which is above average.

Institution Statistics

Overall
FDIC Certificate #17281
Year Established1953
Employees3289
Primary RegulatorOCC
Assets and Liabilities
Assets$29.49 billion
Loans$18.10 billion
Deposits$26.03 billion
Equity Capital$2.63 billion
Loan Loss Allowance$324.23 million
Unbacked Noncurrent Loans$109.70 million
Real Estate Owned$9.41 million
Historic Data - March 2013
Assets$27.07 billion
Equity Capital$2.44 billion
Loan Loss Allowance$324.68 million
Unbacked Noncurrent Loans$109.70 million
Real Estate Owned$19.79 million
Profit Margin - Quarterly
Net Interest Margin2.97%
Return on Assets0.73%
Return on Equity8.3%
Interest Income$212.86 million
Rates
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City National Bank (CA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%-$2mCity National Green Savings
0.01%--Personal Savings Account

City National Bank (CA) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.07%$10k-City National Green Checking
0.05%$100k-Interest Checking Plus
0.01%--Platinum Checking
0.01%--Interest Checking
Locations

City National Bank (CA) has 76 locations. Click to view all City National Bank (CA) locations.