Metropolitan National Bank in New York, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Metropolitan National Bank - Overview

  • General
  • FDIC Certificate #: 34699
    Status: Active
    Federal Reserve ID: 2705895
    Bank Holding Company (Regulatory Top Holder): Pasl Holding Llc (RSSDID: 2702577, Location: New York, NY)
    Date Established: June 21, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 61302
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 21, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: Febuary 05, 2007
    Last Data Update: Febuary 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 99 Park Avenue, 4th Floor, New York, NY 10016
    County: New York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $594.8 mil
    Equity capital: $74.6 mil
    Deposits held in domestic offices: $466.9 mil
    Return on assets (ROA): 0.49% ($2.9 mil)
    Quarterly return on assets: 0.46% ($2.7 mil)
    Return on Equity (ROE): 4.02% ($3.0 mil)
    Quarterly return on equity: 3.73% ($2.8 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.91% ($5,412.8 mil)
    Quarterly Pretax return on assets: 0.86% ($5,115.3 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
  • 131Total employees (full-time equivalent)
  • $594,808Total assets
  • $56,528Cash and due from depository institutions
  • $45,192Interest-bearing balances
  • $94,095Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $410,658Net loans & leases
  • $8,567Loan loss allowance
  • $0Trading account assets
  • $6,186Bank premises and fixed assets
  • $0Other real estate owned
  • $11,077Goodwill and other intangibles
  • $594,808Life insurance assets
  • $16,264All other assets
  • $520,198Total liabilities and capital
  • $466,879Total liabilities
  • $423,308Total deposits
  • $466,879Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $48,667Trading liabilities
  • $0Other borrowed funds
  • $4,652Subordinated debt
  • $74,610All other liabilities
  • $74,610Total equity capital
  • $74,610Total bank equity capital
  • $0Perpetual preferred stock
  • $1,440Common stock
  • $59,895Surplus
  • $13,275Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,626Income earned, not collected on loans
  • $0Earning assets
  • $1,896Long-term assets (5+ years)
  • $549,945Average Assets, year-to-date
  • $103,044Average Assets, quarterly
  • $593,976Volatile liabilities
  • $600,593Insider loans
  • $416,260FHLB advances
  • $613,332Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $63,324Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,889Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,451Total interest income
  • $7,075Total interest expense
  • $22,376Net interest income
  • $763Provision for loan and lease losses
  • $7,483Total noninterest income
  • $0Fiduciary activities
  • $530Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,953Additional noninterest income
  • $23,669Total noninterest expense
  • $11,271Salaries and employee benefits
  • $5,610Premises and equipment expense
  • $6,788Additional noninterest expense
  • $5,427Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,508Applicable income taxes
  • $2,919Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,919Net income attributable to bank
  • $0Net charge-offs
  • $2,919Cash dividends
  • $404Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 4.09%Net interest margin
  • 1.37%Noninterest income to earning assets
  • 4.32%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 4.02%Return on equity (ROE)
  • 4.02%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 188.86%Credit loss provision to net charge-offs
  • 15.32%Efficiency ratio
  • 79,209Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 99.32%Noncurrent assets plus other real estate owned to assets
  • 1.45%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 87.96%Net loans and leases to core deposits
  • 93.74%Equity capital to assets
  • 12.54%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 15.21%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $593,976Average earning assets
  • $72,692Average equity
  • $547,720Average loans

List of branches

  • 6 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061302Metropolitan National Bank99 Park Avenue, 4th Floor, New York, NY 10016June 21, 1999Full Service Brick and Mortar
    1454313New York Branch99 Park Avenue, Ground Floor, New York, NY 10016August 17, 2005Full Service Brick and Mortar
    245431416 West 46th Street Branch16 West 46th Street, New York, NY 10036June 19, 2006Full Service Brick and Mortar
    34663511359 Broadway Branch1359 Broadway, New York, NY 10018December 18, 2006Full Service Brick and Mortar Branch99 Park Avenue, New York, NY 10016January 01, 2008Full Service Cyber
    5481481Boro Park Branch5101 13th Ave, Brooklyn, NY 11219September 10, 2008Full Service Brick and Mortar

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