Metro United Bank in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Metro United Bank - Overview

  • General
  • FDIC Certificate #: 33401
    Status: Active
    Federal Reserve ID: 1864601
    Bank Holding Company (Regulatory Top Holder): Metrocorp Bancshares, Inc. (RSSDID: 2344799, Location: Houston, TX)
    Date Established: May 15, 1991
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 47040
    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: May 15, 1991
    Last Structure Change Effective Date: November 02, 2009
    Last Structure Change Process Date: July 08, 2011
    Last Data Update: July 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 7320 Clairemont Mesa Boulevard, San Diego, CA 92111
    County: San Diego
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Diego, CA (#7320)
    Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
    CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
  • Financial Summary
  • Total assets: $398.0 mil
    Equity capital: $63.4 mil
    Deposits held in domestic offices: $333.5 mil
    Return on assets (ROA): 0.44% ($1.8 mil)
    Quarterly return on assets: 0.67% ($2.7 mil)
    Return on Equity (ROE): 2.81% ($1.8 mil)
    Quarterly return on equity: 4.17% ($2.6 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.75% ($2,984.8 mil)
    Quarterly Pretax return on assets: 1.15% ($4,576.7 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
  • 60Total employees (full-time equivalent)
  • $397,972Total assets
  • $70,746Cash and due from depository institutions
  • $66,085Interest-bearing balances
  • $2,001Securities
  • $2,800Federal funds sold & reverse repurchase agreements
  • $293,573Net loans & leases
  • $7,279Loan loss allowance
  • $0Trading account assets
  • $798Bank premises and fixed assets
  • $2,148Other real estate owned
  • $17,442Goodwill and other intangibles
  • $397,972Life insurance assets
  • $8,464All other assets
  • $334,564Total liabilities and capital
  • $333,547Total liabilities
  • $305,561Total deposits
  • $333,547Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,017Subordinated debt
  • $63,408All other liabilities
  • $63,408Total equity capital
  • $63,408Total bank equity capital
  • $0Perpetual preferred stock
  • $10,401Common stock
  • $50,977Surplus
  • $2,030Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,532Income earned, not collected on loans
  • $0Earning assets
  • $982Long-term assets (5+ years)
  • $364,459Average Assets, year-to-date
  • $110,910Average Assets, quarterly
  • $401,408Volatile liabilities
  • $393,479Insider loans
  • $296,285FHLB advances
  • $374,697Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $45,034Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,662Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,568Total interest income
  • $3,119Total interest expense
  • $13,449Net interest income
  • $575Provision for loan and lease losses
  • $1,032Total noninterest income
  • $0Fiduciary activities
  • $143Service charges on deposit accounts
  • $0Trading account gains & fees
  • $889Additional noninterest income
  • $10,897Total noninterest expense
  • $4,904Salaries and employee benefits
  • $1,733Premises and equipment expense
  • $4,260Additional noninterest expense
  • $3,009Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,253Applicable income taxes
  • $1,756Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,756Net income attributable to bank
  • $0Net charge-offs
  • $1,756Cash dividends
  • $3,094Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 2.81%Return on equity (ROE)
  • 2.81%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 18.58%Credit loss provision to net charge-offs
  • 1.16%Efficiency ratio
  • 74,650Assets per employee
  • 6.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.42%Loss allowance to noncurrent loans
  • 46.86%Noncurrent assets plus other real estate owned to assets
  • 4.44%Noncurrent loans to loans
  • 5.16%Net loans and leases to deposits
  • 88.02%Net loans and leases to core deposits
  • 95.56%Equity capital to assets
  • 15.93%Core capital (leverage) ratio
  • 12.02%Tier 1 risk-based capital ratio
  • 15.20%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $401,408Average earning assets
  • $62,515Average equity
  • $368,878Average loans

List of branches

  • 8 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047040Metro United Bank7320 Clairemont Mesa Boulevard, San Diego, CA 92111May 15, 1991Full Service Brick and Mortar
    1289515Clairemont Mesa Branch7320 Clairemont Mesa Boulevard, San Diego, CA 92111May 01, 1998Full Service Brick and Mortar
    2289516Los Angeles Regional Office Branch1101 West Valley Boulevard, Alhambra, CA 91803June 01, 1999Full Service Brick and Mortar
    4255895Irvine Branch15345 Culver Drive, Irvine, CA 92604May 27, 1997Full Service Brick and Mortar
    5457047San Mateo Northern California Branch43 East 3rd Ave, San Mateo, CA 94401December 01, 2006Full Service Brick and Mortar
    6461409Metro United Bank17870 Castleton St., Suite 101, City Of Industry, CA 91748Febuary 08, 2007Full Service Brick and Mortar
    7465627Van Ness Branch2000 Van Ness Avenue, San Francisco, CA 94109May 04, 2007Full Service Brick and Mortar
    8522133City Of Industry Branch17530 E. Colina E #25, Rowland Heights, CA 91748July 26, 2011Full Service Brick and Mortar

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