Metro Bank of Dade County in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2010

  • Metro Bank of Dade County in Miami, Florida (FL)
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Metro Bank of Dade County - Overview

  • General
  • FDIC Certificate #: 25172
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Capital Bank, National Association (#59049)
    Federal Reserve ID: 664336
    Date Established: June 05, 1984
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 17421
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 05, 1984
    Last Structure Change Effective Date: July 16, 2010
    Last Structure Change Process Date: July 19, 2010
    Last Data Update: July 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 9350 South Dixie Highway, Miami, FL 33156
    County: Miami-Dade
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Miami, FL (#5000)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
  • Financial Summary
  • Total assets: $399.4 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, 2009)

  • Dollar figures in thousands
  • 75Total employees (full-time equivalent)
  • $482,961Total assets
  • $126,981Cash and due from depository institutions
  • $117,585Interest-bearing balances
  • $33,327Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $298,754Net loans & leases
  • $14,084Loan loss allowance
  • $0Trading account assets
  • $3,491Bank premises and fixed assets
  • $6,655Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $13,753All other assets
  • $482,961Total liabilities and capital
  • $465,618Total liabilities
  • $416,830Total deposits
  • $390,046Interest-bearing deposits
  • $416,830Deposits held in domestic offices
  • 93.01%% insured (estimated)
  • $23,205Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $21,000Other borrowed funds
  • $0Subordinated debt
  • $4,583All other liabilities
  • $17,343Total equity capital
  • $17,343Total bank equity capital
  • $17,343Perpetual preferred stock
  • $0Common stock
  • $2,571Surplus
  • $14,118Undivided profits
  • Memoranda
  • $654Noncurrent loans and leases
  • $29,143Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $41,119Earning assets
  • $0Long-term assets (5+ years)
  • $1,303Average Assets, year-to-date
  • $449,666Average Assets, quarterly
  • $23,796Volatile liabilities
  • $478,717Insider loans
  • $476,473FHLB advances
  • $111,796Loans and leases held for sale
  • $1,863Unused loan commitments
  • $21,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,143Total unused commitments
  • $12,705Restructured Loans and leases
  • $4,222Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $16,856Total interest income
  • $10,394Total interest expense
  • $6,462Net interest income
  • $26,032Provision for loan and lease losses
  • $1,177Total noninterest income
  • $0Fiduciary activities
  • $1,171Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6Additional noninterest income
  • $11,292Total noninterest expense
  • $5,046Salaries and employee benefits
  • $1,923Premises and equipment expense
  • $4,323Additional noninterest expense
  • -$29,685Pre-tax net operating income
  • $251Securities gains (losses)
  • -$4,442Applicable income taxes
  • -$24,992Income before extraordinary items
  • $0Extraordinary gains - net
  • -$24,992Net income attributable to bank
  • $0Net charge-offs
  • -$24,992Cash dividends
  • $17,336Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.77%Yield on earning assets
  • 2.32%Cost of funding earning assets
  • 1.44%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • -5.27%Net operating income to assets
  • -5.22%Return on assets (ROA)
  • -6.15%Pretax return on assets
  • -69.01%Return on equity (ROE)
  • -69.01%Retained earnings to average equity (YTD only)
  • 5.22%Net charge-offs to loans
  • 150.16%Credit loss provision to net charge-offs
  • -0.21%Efficiency ratio
  • 147,820Assets per employee
  • 6.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.50%Loss allowance to noncurrent loans
  • 34.25%Noncurrent assets plus other real estate owned to assets
  • 9.89%Noncurrent loans to loans
  • 13.14%Net loans and leases to deposits
  • 71.67%Net loans and leases to core deposits
  • 85.54%Equity capital to assets
  • 3.59%Core capital (leverage) ratio
  • 3.35%Tier 1 risk-based capital ratio
  • 5.00%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $478,717Average earning assets
  • $36,217Average equity
  • $447,319Average loans

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