Citibank, National Association
Sioux Falls, South Dakota, Lincoln County
$1.98T in total assets, the 3rd largest of 4,309 US banks and 1st of 58 headquartered in South Dakota.
- FDIC certificate
- 7213
- Established
- 1812
- Owned by
- Citigroup Inc
- Primary regulator
- OCC
- Website
- www.citibank.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.98T | 94% | $251B | |
| Loans | $757B | 90% | $144B | |
| Deposits | $1.55T | 90% | $212B | |
| Return on assets | 0.95% | 13% | 1.22% | |
| Net interest margin | 3.02% | 39% | 3.14% | |
| Efficiency ratio | 51.4% | 29% | 54.8% | |
| Equity to assets | 8.67% | 32% | 9.76% | |
| Loans to deposits | 49% | 19% | 74% |
Growth
Total assets grew 3.3% a year over the last 5 years and 3.8% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jul 2022 | Department Stores National Bank Sioux Falls, SD, an affiliate under the same holding company | $717M |
| Jan 2012 | Citicorp Trust Bank, fsb Wilmington, DE, an affiliate under the same holding company | $11.8B |
| Jul 2011 | Citibank (South Dakota), N.A. Sioux Falls, SD, an affiliate under the same holding company | $120B |
| Oct 2006 | Citibank (Delaware) New Castle, DE, an affiliate under the same holding company | $4.6B |
| Oct 2006 | Citicorp Trust, National Association Los Angeles, CA, an affiliate under the same holding company | $113M |
| Oct 2006 | CFSB, National Association Reston, VA, an affiliate under the same holding company | $41.4B |
| Oct 2006 | Citibank Texas, National Association Dallas, TX, an affiliate under the same holding company | $6.2B |
| Oct 2006 | West, National Association San Francisco, CA, an affiliate under the same holding company | $191B |
| Aug 2003 | Citibank (New York State) Pittsford, NY, an affiliate under the same holding company | $23.5B |
| Jul 2001 | European American Bank New York City, NY | $15.0B |
| Aug 1984 | Girod Trust Company San Juan, PR | $406M |
| Jun 1982 | Banco Regional Bayamon, PR | n/a |
| Jan 1976 | Citibank (Suffolk), National Association Islip Township, NY | n/a |
| Jan 1976 | Citibank (Mid-Hudson), National Association Woodbury Township, NY | n/a |
Where they operate
667 branches in 54 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Lincoln County, SD | $638B | 98.5% | 1 of 26 |
| New York County, NY | $61.7B | 3.2% | 6 of 83 |
| Bexar County, TX | $31.0B | 18.9% | 2 of 50 |
| Los Angeles County, CA | $24.7B | 4.8% | 6 of 91 |
| Miami-dade County, FL | $15.9B | 7.5% | 6 of 58 |
| Nassau County, NY | $11.4B | 11.5% | 3 of 33 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 143 branches since 2016 (810 to 667, −17.7%). 26 opened, 0 acquired, 169 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 810 | |||
| 2016 | Closed 63 in 11 states | 0 | 63 | −63 | 747 |
| 2017 | Opened 3 in 2 statesClosed 32 in 6 states | 3 | 32 | −29 | 718 |
| 2018 | Opened New YorkClosed 6 in 3 states | 1 | 6 | −5 | 713 |
| 2019 | Closed Levittown and New York City | 0 | 2 | −2 | 711 |
| 2020 | Opened New YorkClosed Chicago and Washington | 1 | 2 | −1 | 710 |
| 2021 | Closed 31 in 7 states | 0 | 31 | −31 | 679 |
| 2022 | Opened Amherst and New YorkClosed 11 in 5 states | 2 | 11 | −9 | 670 |
| 2023 | Opened San FranciscoClosed 8 in 4 states | 1 | 8 | −7 | 663 |
| 2024 | Opened Arlington and ChicagoClosed 7 in 3 states | 2 | 7 | −5 | 658 |
| 2025 | Opened 14 in 7 statesClosed New York City | 14 | 1 | +13 | 671 |
| 2026 through Q2 | Opened Chicago and Miami BeachClosed 6 in 4 states | 2 | 6 | −4 | 667 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Consumer | 24% | 20% | |
| Business (C&I) | 22% | 18% | |
| 1-4 family residential | 16% | 19% | |
| Commercial real estate | 1% | 8% | |
| Multifamily | 1% | 3% | |
| Construction and land | 1% | 2% | |
| Other | 34% | 31% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 82% | 71% | |
| Noninterest-bearing | 12% | 16% | |
| Time deposits | 6% | 13% |
Brokered deposits are 3.6% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.65% | 0.86% |
| Net charge-offs, annualized | 1.06% | 0.35% |
| Reserves to loans | 2.33% | 1.39% |
| Leverage ratio | 7.87% | 9.49% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Dakota
Largest competitors in Lincoln County, SD
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/citibank