Metro City Bank in Doraville, Georgia (GA)



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Metro City Bank routing number info

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Metro City Bank
GeneralFDIC Certificate #: 58181
Status: Active
Federal Reserve ID: 3437456
Date Established: April 04, 2006
WWW: http://www.metrocitybank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 5, Interstate: No)
FDIC's unique #: 441400
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: April 04, 2006
Last Structure Change Effective Date: March 02, 2012
Last Structure Change Process Date: March 05, 2012
Last Data Update: March 05, 2012
Data Source Date: April 05, 2012
LocationAddress: 5441 Buford Highway, Doraville, GA 30340
County: Dekalb
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Atlanta
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
History of ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal assets: $388.1 mil
Equity capital: $52.3 mil
Deposits held in domestic offices: $302.4 mil
Return on assets (ROA): 1.31% ($5.1 mil)
Quarterly return on assets: 1.02% ($4.0 mil)
Return on Equity (ROE): 10.10% ($5.3 mil)
Quarterly return on equity: 7.66% ($4.0 mil)
Net income: $5.0 mil
Quarterly Net income: $1.0 mil
Pretax return on assets: 2.14% ($8,305.1 mil)
Quarterly Pretax return on assets: 1.71% ($6,636.4 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)
Total employees (full-time equivalent)54
Total assets$388,091
Cash and due from depository institutions$39,653
Interest-bearing balances$33,370
Securities$22,812
Federal funds sold & reverse repurchase agreements$3,424
Net loans & leases$304,048
Loan loss allowance $6,489
Trading account assets$0
Bank premises and fixed assets$1,616
Other real estate owned$7,367
Goodwill and other intangibles$3,379
All other assets$5,792
Life insurance assets$388,091
Total liabilities and capital$335,815
Total liabilities$302,414
Total deposits$255,849
Interest-bearing deposits$302,414
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$32,277
Other borrowed funds $0
Subordinated debt $1,124
All other liabilities $52,276
Total equity capital$52,276
Total bank equity capital$52,276
Perpetual preferred stock$7,700
Common stock$12,659
Surplus$19,363
Undivided profits $12,554
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,905
Earning assets $103
Long-term assets (5+ years) $1,316
Average Assets, year-to-date $363,654
Average Assets, quarterly $50,264
Volatile liabilities $382,198
Insider loans $388,543
FHLB advances $321,182
Loans and leases held for sale $387,323
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $51,467
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,226
Derivatives$14,460
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,340
Total interest expense $4,430
Net interest income $12,910
Provision for loan and lease losses $3,305
Total noninterest income $9,028
Fiduciary activities $0
Service charges on deposit accounts $900
Trading account gains & fees $0
Additional noninterest income $8,128
Total noninterest expense $10,495
Salaries and employee benefits $4,003
Premises and equipment expense $1,409
Additional noninterest expense $5,083
Pre-tax net operating income $8,138
Securities gains (losses) $28
Applicable income taxes $3,149
Income before extraordinary items $5,017
Extraordinary gains - net $0
Net income attributable to bank $5,017
Net charge-offs $0
Cash dividends $5,017
Sale, conversion, retirement of capital stock, net $3,023
Net operating income $420
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.85%
Cost of funding earning assets 1.24%
Net interest margin 3.61%
Noninterest income to earning assets 2.53%
Noninterest expense to earning assets 2.94%
Net operating income to assets 1.31%
Return on assets (ROA) 1.31%
Pretax return on assets 2.14%
Return on equity (ROE) 10.10%
Retained earnings to average equity (YTD only) 9.26%
Net charge-offs to loans 0.97%
Credit loss provision to net charge-offs 109.33%
Efficiency ratio3.79%
Assets per employee$47,839
Cash dividends to net income (YTD only)7.19%
Condition Ratios (%)
Loss allowance to loans 8.37%
Loss allowance to noncurrent loans 2.09%
Noncurrent assets plus other real estate owned to assets 223.37%
Noncurrent loans to loans 2.65%
Net loans and leases to deposits0.94%
Net loans and leases to core deposits 100.54%
Equity capital to assets 125.95%
Core capital (leverage) ratio 13.47%
Tier 1 risk-based capital ratio 13.29%
Total risk-based capital ratio 16.02%
Memoranda
Average assets$17
Average earning assets$382,198
Average equity $49,657
Average loans $357,325
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8 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0441400Metro City Bank5441 Buford Highway, Doraville, GA 30340April 04, 2006Full Service Brick and Mortar
1458373Duluth Branch3725 Old Norcross Road, Duluth, GA 30096Febuary 08, 2007Full Service Brick and Mortar
2468328Johns Creek Branch10820 Abbotts Bridge Road, Suite 140, Johns Creek, GA 30097September 28, 2007Full Service Brick and Mortar
3482623Suwanee Branch2790 Lawrenceville-Suwanee Road, Suite 105, Suwanee, GA 30024August 08, 2008Full Service Brick and Mortar
4521334Korea Plaza Branch1291 Old Peachtree Road, Suite 190, Suwanee, GA 30024July 11, 2011Full Service Brick and Mortar
556125Global Commerce Bank Branch5150 Buford Highway, Suite B-130, Doraville, GA 30340August 18, 1995Full Service Brick and Mortar
6490256Johns Creek Branch10900 Medlock Bridge Road, Johns Creek, GA 30097December 01, 2007Full Service Brick and Mortar
7493873Norcross Branch5495 Jimmy Carter Blvd, Ste 167, Norcross, GA 30093October 27, 2008Full Service Brick and Mortar
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