- bankencyclopedia.com
- Banks in Michigan (MI)
- Metrobank
Metrobank in Farmington Hills, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of October 01, 2005
- Metrobank in Farmington Hills, Michigan (MI)
-
Show street view
No street view available for this location
Metrobank - Overview
- General
- FDIC Certificate #: 18685
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CF Bancorp (#30005)
Federal Reserve ID: 538044
Date Established: January 18, 1963
WWW: http://www.metrobanker.com
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 15868
FDIC's unique #: 12557
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: January 18, 1963
Last Structure Change Effective Date: October 01, 2005
Last Structure Change Process Date: October 17, 2005
Last Data Update: October 17, 2005
Data Source Date: April 05, 2012 - Location
- Address: 37000 Grand River Avenue, Suite 100, Farmington Hills, MI 48335
County: Oakland
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Detroit
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Detroit, MI (#2160)
Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644) - Financial Summary
- Total assets: $181.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
- Dollar figures in thousands
- 61Total employees (full-time equivalent)
- $164,437Total assets
- $4,991Cash and due from depository institutions
- $137Interest-bearing balances
- $21,074Securities
- $0Federal funds sold & reverse repurchase agreements
- $116,360Net loans & leases
- $1,536Loan loss allowance
- $0Trading account assets
- $4,994Bank premises and fixed assets
- $844Other real estate owned
- $14,369Goodwill and other intangibles
- $0Life insurance assets
- $1,805All other assets
- $164,437Total liabilities and capital
- $134,032Total liabilities
- $128,197Total deposits
- $100,165Interest-bearing deposits
- $128,197Deposits held in domestic offices
- 0.00%% insured (estimated)
- $3,100Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $2,735All other liabilities
- $30,405Total equity capital
- $30,405Total bank equity capital
- $30,405Perpetual preferred stock
- $0Common stock
- $521Surplus
- $29,938Undivided profits
- Memoranda
- $-54Noncurrent loans and leases
- $31,136Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $5,202Earning assets
- $0Long-term assets (5+ years)
- $786Average Assets, year-to-date
- $137,571Average Assets, quarterly
- $13,941Volatile liabilities
- $166,517Insider loans
- $168,042FHLB advances
- $17,445Loans and leases held for sale
- $107Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $31,136Total unused commitments
- $0Restructured Loans and leases
- $1,536Derivatives
Income and Expense (December 31, 2004)
- Dollar figures in thousands
- $7,632Total interest income
- $1,492Total interest expense
- $6,140Net interest income
- $487Provision for loan and lease losses
- $1,212Total noninterest income
- $0Fiduciary activities
- $490Service charges on deposit accounts
- $0Trading account gains & fees
- $722Additional noninterest income
- $6,826Total noninterest expense
- $3,540Salaries and employee benefits
- $1,114Premises and equipment expense
- $2,172Additional noninterest expense
- $39Pre-tax net operating income
- -$230Securities gains (losses)
- -$73Applicable income taxes
- -$118Income before extraordinary items
- $0Extraordinary gains - net
- -$118Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $84Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2004)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.47%Yield on earning assets
- 1.07%Cost of funding earning assets
- 4.40%Net interest margin
- 0.87%Noninterest income to earning assets
- 4.89%Noninterest expense to earning assets
- 0.02%Net operating income to assets
- -0.07%Return on assets (ROA)
- -0.11%Pretax return on assets
- -0.43%Return on equity (ROE)
- -0.43%Retained earnings to average equity (YTD only)
- 0.08%Net charge-offs to loans
- 579.76%Credit loss provision to net charge-offs
- 6.26%Efficiency ratio
- 82,726Assets per employee
- 2.70%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.30%Loss allowance to noncurrent loans
- 29.53%Noncurrent assets plus other real estate owned to assets
- 3.68%Noncurrent loans to loans
- 4.41%Net loans and leases to deposits
- 90.77%Net loans and leases to core deposits
- 102.20%Equity capital to assets
- 18.49%Core capital (leverage) ratio
- 10.68%Tier 1 risk-based capital ratio
- 11.84%Total risk-based capital ratio
- Memoranda
- $13Average assets
- $166,517Average earning assets
- $27,631Average equity
- $139,645Average loans
- bankencyclopedia.com
- Banks in Michigan (MI)
- Metrobank
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Metrobank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: