First Metro Bank in Muscle Shoals, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Metro Bank in Muscle Shoals, Alabama (AL)
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First Metro Bank - Overview

  • General
  • FDIC Certificate #: 27381
    Status: Active
    Federal Reserve ID: 1222519
    Bank Holding Company (Regulatory Top Holder): First Metro Bancorp (RSSDID: 1980846, Location: Muscle Shoals, AL)
    Date Established: November 07, 1988
    WWW: http://www.firstmetro.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 12211
    FDIC's unique #: 39709
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 07, 1988
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 406 West Avalon Avenue, Muscle Shoals, AL 35661
    County: Colbert
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Florence, AL (#2650)
    Core Based Statistical Area (CBSA): Florence-Muscle Shoals, AL (#22520)
    CBSA Metro Statistical Area: Florence-Muscle Shoals, AL (#22520)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $471.4 mil
    Equity capital: $48.5 mil
    Deposits held in domestic offices: $418.8 mil
    Return on assets (ROA): 1.54% ($7.3 mil)
    Quarterly return on assets: 1.74% ($8.2 mil)
    Return on Equity (ROE): 14.90% ($7.2 mil)
    Quarterly return on equity: 16.68% ($8.0 mil)
    Net income: $7.0 mil
    Quarterly Net income: $2.0 mil
    Pretax return on assets: 2.37% ($11,171.1 mil)
    Quarterly Pretax return on assets: 2.36% ($11,123.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 100Total employees (full-time equivalent)
  • $471,353Total assets
  • $24,574Cash and due from depository institutions
  • $18,941Interest-bearing balances
  • $151,442Securities
  • $6,490Federal funds sold & reverse repurchase agreements
  • $274,693Net loans & leases
  • $2,522Loan loss allowance
  • $0Trading account assets
  • $7,842Bank premises and fixed assets
  • $611Other real estate owned
  • $0Goodwill and other intangibles
  • $471,354Life insurance assets
  • $5,701All other assets
  • $422,856Total liabilities and capital
  • $418,792Total liabilities
  • $394,119Total deposits
  • $418,792Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 1363.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,701Subordinated debt
  • $48,498All other liabilities
  • $48,498Total equity capital
  • $48,498Total bank equity capital
  • $0Perpetual preferred stock
  • $43Common stock
  • $3,387Surplus
  • $45,068Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $694Income earned, not collected on loans
  • $0Earning assets
  • $2,155Long-term assets (5+ years)
  • $451,566Average Assets, year-to-date
  • $128,380Average Assets, quarterly
  • $452,998Volatile liabilities
  • $469,367Insider loans
  • $274,808FHLB advances
  • $469,618Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $47,290Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,290Restructured Loans and leases
  • $14,220Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,363Total interest income
  • $4,122Total interest expense
  • $17,241Net interest income
  • $437Provision for loan and lease losses
  • $2,772Total noninterest income
  • $0Fiduciary activities
  • $1,959Service charges on deposit accounts
  • $0Trading account gains & fees
  • $813Additional noninterest income
  • $8,849Total noninterest expense
  • $5,350Salaries and employee benefits
  • $1,067Premises and equipment expense
  • $2,432Additional noninterest expense
  • $10,727Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,757Applicable income taxes
  • $6,970Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,970Net income attributable to bank
  • $0Net charge-offs
  • $6,970Cash dividends
  • $475Sale, conversion, retirement of capital stock, net
  • $3,436Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 2.37%Pretax return on assets
  • 14.90%Return on equity (ROE)
  • 7.55%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 92.00%Credit loss provision to net charge-offs
  • 23.50%Efficiency ratio
  • 44,216Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.30%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 363.40%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 65.59%Net loans and leases to core deposits
  • 71.80%Equity capital to assets
  • 10.29%Core capital (leverage) ratio
  • 10.07%Tier 1 risk-based capital ratio
  • 17.21%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $452,998Average earning assets
  • $46,786Average equity
  • $432,658Average loans

List of branches

  • 8 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039709First Metro Bank406 West Avalon Avenue, Muscle Shoals, AL 35661November 07, 1988Full Service Brick and Mortar
    2261900Main Street Branch301 North Main Street, Tuscumbia, AL 35674August 06, 1990Full Service Brick and Mortar
    3261901Russellville Branch15315 Highway 43, Russellville, AL 35653August 07, 1995Full Service Brick and Mortar
    4261902Pine Street Branch304 South Pine Street, Florence, AL 35630May 10, 1996Full Service Brick and Mortar
    5261903Florence Branch2708 Hough Road, Florence, AL 35630September 15, 1997Full Service Brick and Mortar
    6360338Lexington Branch11277 Highway 101, Lexington, AL 35648May 01, 2001Full Service Brick and Mortar
    7442275Highway 43 Branch7400 Highway 43, Florence, AL 35634June 03, 2005Full Service Brick and Mortar
    8443307Cloverdale Road Branch3121 Cloverdale Road, Florence, AL 35633May 03, 2005Full Service Brick and Mortar

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