US Metro Bank in Garden Grove, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


US Metro Bank - Overview

  • General
  • FDIC Certificate #: 58310
    Status: Active
    Federal Reserve ID: 3470154
    Date Established: September 15, 2006
    WWW: http://www.usmetrobank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 445960
    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: September 15, 2006
    Last Structure Change Effective Date: September 23, 2011
    Last Structure Change Process Date: September 23, 2011
    Last Data Update: September 23, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 9866 Garden Grove Boulevard, Garden Grove, CA 92844
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
  • Financial Summary
  • Total assets: $94.2 mil
    Equity capital: $15.4 mil
    Deposits held in domestic offices: $78.5 mil
    Return on assets (ROA): -0.14% (-$0.1 mil)
    Quarterly return on assets: -1.64% (-$1.5 mil)
    Return on Equity (ROE): -0.87% (-$0.1 mil)
    Quarterly return on equity: -9.95% (-$1.5 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -0.14% (-$131.9 mil)
    Quarterly Pretax return on assets: -1.64% (-$1,545.5 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
  • 22Total employees (full-time equivalent)
  • $94,240Total assets
  • $24,789Cash and due from depository institutions
  • $22,898Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $66,804Net loans & leases
  • $2,562Loan loss allowance
  • $0Trading account assets
  • $1,068Bank premises and fixed assets
  • $0Other real estate owned
  • $237Goodwill and other intangibles
  • $94,240Life insurance assets
  • $1,342All other assets
  • $78,850Total liabilities and capital
  • $78,542Total liabilities
  • $66,836Total deposits
  • $78,542Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $308Subordinated debt
  • $15,390All other liabilities
  • $15,390Total equity capital
  • $15,390Total bank equity capital
  • $2,937Perpetual preferred stock
  • $19,781Common stock
  • $1,315Surplus
  • $-8,643Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $516Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,711Income earned, not collected on loans
  • $2,085Earning assets
  • $261Long-term assets (5+ years)
  • $89,702Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $99,016Volatile liabilities
  • $94,660Insider loans
  • $67,501FHLB advances
  • $93,245Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,366Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $431Restructured Loans and leases
  • $3,774Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,645Total interest income
  • $869Total interest expense
  • $3,776Net interest income
  • $1,300Provision for loan and lease losses
  • $1,224Total noninterest income
  • $0Fiduciary activities
  • $300Service charges on deposit accounts
  • $0Trading account gains & fees
  • $924Additional noninterest income
  • $3,836Total noninterest expense
  • $2,098Salaries and employee benefits
  • $544Premises and equipment expense
  • $1,194Additional noninterest expense
  • -$136Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • -$138Income before extraordinary items
  • $0Extraordinary gains - net
  • -$138Net income attributable to bank
  • $0Net charge-offs
  • -$138Cash dividends
  • $757Sale, conversion, retirement of capital stock, net
  • $156Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.04%Net interest margin
  • 1.31%Noninterest income to earning assets
  • 4.11%Noninterest expense to earning assets
  • -0.14%Net operating income to assets
  • -0.14%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • -0.87%Return on equity (ROE)
  • -1.86%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 171.73%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 76,720Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -113.04%Loss allowance to loans
  • 3.69%Loss allowance to noncurrent loans
  • 54.38%Noncurrent assets plus other real estate owned to assets
  • 5.00%Noncurrent loans to loans
  • 6.79%Net loans and leases to deposits
  • 85.06%Net loans and leases to core deposits
  • 92.16%Equity capital to assets
  • 16.33%Core capital (leverage) ratio
  • 16.48%Tier 1 risk-based capital ratio
  • 22.76%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $99,016Average earning assets
  • $15,809Average equity
  • $93,423Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0445960Us Metro Bank9866 Garden Grove Boulevard, Garden Grove, CA 92844September 15, 2006Full Service Brick and Mortar

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