Metro City Bank in Doraville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Metro City Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 54Total employees (full-time equivalent)
  • $388,091Total assets
  • $39,653Cash and due from depository institutions
  • $33,370Interest-bearing balances
  • $22,812Securities
  • $3,424Federal funds sold & reverse repurchase agreements
  • $304,048Net loans & leases
  • $6,489Loan loss allowance
  • $0Trading account assets
  • $1,616Bank premises and fixed assets
  • $7,367Other real estate owned
  • $3,379Goodwill and other intangibles
  • $388,091Life insurance assets
  • $5,792All other assets
  • $335,815Total liabilities and capital
  • $302,414Total liabilities
  • $255,849Total deposits
  • $302,414Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $32,277Trading liabilities
  • $0Other borrowed funds
  • $1,124Subordinated debt
  • $52,276All other liabilities
  • $52,276Total equity capital
  • $52,276Total bank equity capital
  • $7,700Perpetual preferred stock
  • $12,659Common stock
  • $19,363Surplus
  • $12,554Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,905Income earned, not collected on loans
  • $103Earning assets
  • $1,316Long-term assets (5+ years)
  • $363,654Average Assets, year-to-date
  • $50,264Average Assets, quarterly
  • $382,198Volatile liabilities
  • $388,543Insider loans
  • $321,182FHLB advances
  • $387,323Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $51,467Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,226Restructured Loans and leases
  • $14,460Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,340Total interest income
  • $4,430Total interest expense
  • $12,910Net interest income
  • $3,305Provision for loan and lease losses
  • $9,028Total noninterest income
  • $0Fiduciary activities
  • $900Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,128Additional noninterest income
  • $10,495Total noninterest expense
  • $4,003Salaries and employee benefits
  • $1,409Premises and equipment expense
  • $5,083Additional noninterest expense
  • $8,138Pre-tax net operating income
  • $28Securities gains (losses)
  • $3,149Applicable income taxes
  • $5,017Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,017Net income attributable to bank
  • $0Net charge-offs
  • $5,017Cash dividends
  • $3,023Sale, conversion, retirement of capital stock, net
  • $420Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.61%Net interest margin
  • 2.53%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 2.14%Pretax return on assets
  • 10.10%Return on equity (ROE)
  • 9.26%Retained earnings to average equity (YTD only)
  • 0.97%Net charge-offs to loans
  • 109.33%Credit loss provision to net charge-offs
  • 3.79%Efficiency ratio
  • 47,839Assets per employee
  • 7.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.37%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 223.37%Noncurrent assets plus other real estate owned to assets
  • 2.65%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 100.54%Net loans and leases to core deposits
  • 125.95%Equity capital to assets
  • 13.47%Core capital (leverage) ratio
  • 13.29%Tier 1 risk-based capital ratio
  • 16.02%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $382,198Average earning assets
  • $49,657Average equity
  • $357,325Average loans

List of branches

  • 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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