First Metro Bank in city_name, state_name - Detailed Financial Reports, Location

First Metro Bank in Muscle Shoals, Alabama (AL)
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First Metro Bank routing number info

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

No	ID	Name	Address	Established	Service Type
0	39709	First Metro Bank	406 West Avalon Avenue, Muscle Shoals, AL 35661	November 07, 1988	Full Service Brick and Mortar
2	261900	Main Street Branch	301 North Main Street, Tuscumbia, AL 35674	August 06, 1990	Full Service Brick and Mortar
3	261901	Russellville Branch	15315 Highway 43, Russellville, AL 35653	August 07, 1995	Full Service Brick and Mortar
4	261902	Pine Street Branch	304 South Pine Street, Florence, AL 35630	May 10, 1996	Full Service Brick and Mortar
5	261903	Florence Branch	2708 Hough Road, Florence, AL 35630	September 15, 1997	Full Service Brick and Mortar
6	360338	Lexington Branch	11277 Highway 101, Lexington, AL 35648	May 01, 2001	Full Service Brick and Mortar
7	442275	Highway 43 Branch	7400 Highway 43, Florence, AL 35634	June 03, 2005	Full Service Brick and Mortar
8	443307	Cloverdale Road Branch	3121 Cloverdale Road, Florence, AL 35633	May 03, 2005	Full Service Brick and Mortar

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

First Metro Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Metro Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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