Metro City Bank Mortgage Rates, Fees & Info

Doraville, GA

LEI: 254900TM81D0YC1B9584

Tax ID: 76-0819027

1 stars - out of 5 stars, based on 60 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Metro City Bank is a small bank specializing in Home Purchase loans. Metro City Bank has a high proportion of conventional loans. Their top markets include New York, Atlanta, Philadelphia, Houston, and Dallas among others. Metro City Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Metro City Bank is typically a high fee lendor.


Originations

3,637

Origination Dollar Volume (All Markets)

$1,175,195,000

Employee count

216

Relative Rate

Metro City Bank's average 30 year fixed rate mortgage of loans were 4.64%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 1.49%.

Relative Fees

Metro City Bank's average total fees for a 30 year fixed rate mortgage are $9,432.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,705 $771,255,000 $452,349 $11,135 4.48%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 416 $97,690,000 $234,832 $5,517 4.51%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 429 $72,135,000 $168,147 $5,960 4.41%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 187 $38,065,000 $203,556 $6,470 4.47%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 96 $21,310,000 $221,979 $6,338 4.51%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 53 $11,785,000 $222,358 $6,177 4.45%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 25 $8,855,000 $354,200 $7,796 4.46%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 34 $8,290,000 $243,824 $6,440 4.46%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 28 $8,130,000 $290,357 $6,262 4.47%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 24 $7,510,000 $312,917 $8,557 4.43%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 18 $7,500,000 $416,667 $8,995 4.53%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 21 $6,185,000 $294,524 $7,950 4.46%
SPRINGFIELD, MA (FHA|USDA|VA) 24 $5,410,000 $225,417 $5,694 4.48%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 27 $5,175,000 $191,667 $6,727 4.40%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 28 $4,940,000 $176,429 $5,312 4.42%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 22 $4,140,000 $188,182 $6,693 4.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 15 $4,005,000 $267,000 $5,958 4.48%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 19 $3,505,000 $184,474 $5,470 4.49%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 19 $3,315,000 $174,474 $4,312 3.86%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 14 $3,050,000 $217,857 $6,426 4.38%
Jefferson, GA (FHA|USDA|VA) 16 $2,960,000 $185,000 $5,288 4.62%
GAINESVILLE, GA (FHA|USDA|VA) 16 $2,920,000 $182,500 $4,792 4.50%
SYRACUSE, NY (FHA|USDA|VA) 19 $2,895,000 $152,368 $5,899 4.39%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 14 $2,830,000 $202,143 $6,196 4.46%
JACKSONVILLE, FL (FHA|USDA|VA) 14 $2,680,000 $191,429 $5,063 4.39%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 14 $2,590,000 $185,000 $6,123 4.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $2,440,000 $406,667 $8,719 4.42%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 9 $2,265,000 $251,667 $8,180 4.43%
Outside of Metro Areas 15 $2,105,000 $140,333 $5,251 4.45%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 15 $2,065,000 $137,667 $4,991 4.52%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $1,915,000 $383,000 $8,367 4.48%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 7 $1,665,000 $237,857 $8,262 4.41%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $1,595,000 $227,857 $5,785 4.45%
ROCHESTER, NY (FHA|USDA|VA) 7 $1,415,000 $202,143 $6,483 4.38%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 9 $1,365,000 $151,667 $5,197 4.40%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,355,000 $271,000 $5,873 4.50%
HUNTSVILLE, AL (FHA|USDA|VA) 8 $1,320,000 $165,000 $4,618 3.91%
EAST STROUDSBURG, PA (FHA|USDA|VA) 7 $1,275,000 $182,143 $5,980 4.38%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 7 $1,275,000 $182,143 $7,299 4.58%
WORCESTER, MA-CT (FHA|USDA|VA) 5 $1,255,000 $251,000 $0 4.38%
PANAMA CITY, FL (FHA|USDA|VA) 5 $1,255,000 $251,000 $6,382 4.43%
MONTGOMERY, AL (FHA|USDA|VA) 7 $1,065,000 $152,143 $4,577 3.89%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,030,000 $257,500 $5,738 4.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $955,000 $136,429 $4,431 4.48%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $955,000 $318,333 $6,918 4.46%
RICHMOND, VA (FHA|USDA|VA) 4 $950,000 $237,500 $5,967 4.38%
GAINESVILLE, FL (FHA|USDA|VA) 4 $910,000 $227,500 $6,368 4.53%
PITTSBURGH, PA (FHA|USDA|VA) 4 $910,000 $227,500 $6,884 4.44%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $855,000 $285,000 $6,704 4.54%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $830,000 $415,000 $7,844 4.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $815,000 $163,000 $6,107 4.43%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $795,000 $265,000 $6,998 4.38%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $790,000 $197,500 $4,975 4.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $780,000 $390,000 $7,599 4.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $775,000 $258,333 $5,808 4.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $770,000 $192,500 $7,273 4.38%
MOBILE, AL (FHA|USDA|VA) 4 $770,000 $192,500 $4,494 4.38%
TUSCALOOSA, AL (FHA|USDA|VA) 5 $695,000 $139,000 $4,128 3.75%
Hudson, NY (FHA|USDA|VA) 3 $685,000 $228,333 $6,922 4.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $680,000 $340,000 $4,874 4.38%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $630,000 $157,500 $5,265 4.38%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $615,000 $205,000 $4,847 3.75%
FRESNO, CA (FHA|USDA|VA) 3 $585,000 $195,000 $5,597 4.46%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $570,000 $285,000 $7,167 4.50%
SAVANNAH, GA (FHA|USDA|VA) 3 $565,000 $188,333 $5,315 4.46%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $535,000 $178,333 $5,058 4.46%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $510,000 $255,000 $5,632 4.38%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $480,000 $120,000 $4,613 4.63%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $465,000 $155,000 $7,259 4.46%
READING, PA (FHA|USDA|VA) 3 $465,000 $155,000 $6,839 4.46%
UTICA-ROME, NY (FHA|USDA|VA) 5 $455,000 $91,000 $4,579 4.43%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $455,000 $455,000 $10,652 4.63%
SPARTANBURG, SC (FHA|USDA|VA) 3 $455,000 $151,667 $4,681 4.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $445,000 $445,000 $8,174 4.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $430,000 $215,000 $5,886 4.38%
HARRISONBURG, VA (FHA|USDA|VA) 2 $430,000 $215,000 $5,825 4.38%
ELMIRA, NY (FHA|USDA|VA) 3 $415,000 $138,333 $5,805 4.38%
LUBBOCK, TX (FHA|USDA|VA) 2 $400,000 $200,000 $6,707 4.44%
Statesboro, GA (FHA|USDA|VA) 2 $400,000 $200,000 $5,116 4.38%
HINESVILLE, GA (FHA|USDA|VA) 4 $400,000 $100,000 $0 4.38%
KINGSTON, NY (FHA|USDA|VA) 2 $380,000 $190,000 $7,707 4.38%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $0 4.63%
Red Bluff, CA (FHA|USDA|VA) 1 $365,000 $365,000 $8,571 4.38%
BRUNSWICK, GA (FHA|USDA|VA) 3 $365,000 $121,667 $5,104 4.38%
Cullman, AL (FHA|USDA|VA) 2 $360,000 $180,000 $4,534 3.75%
Torrington, CT (FHA|USDA|VA) 2 $360,000 $180,000 $6,296 4.38%
BINGHAMTON, NY (FHA|USDA|VA) 2 $340,000 $170,000 $5,115 4.38%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $335,000 $335,000 $8,368 4.63%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.38%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $330,000 $165,000 $4,999 4.50%
LANCASTER, PA (FHA|USDA|VA) 2 $320,000 $160,000 $0 4.38%
ALBANY, GA (FHA|USDA|VA) 1 $315,000 $315,000 $6,277 4.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $310,000 $155,000 $5,007 4.38%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.38%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $305,000 $305,000 $7,266 4.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $300,000 $150,000 $3,895 4.06%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $300,000 $150,000 $4,974 4.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $300,000 $150,000 $4,948 4.50%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $290,000 $145,000 $0 4.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $280,000 $140,000 $5,033 4.56%
WARNER ROBINS, GA (FHA|USDA|VA) 3 $275,000 $91,667 $3,863 4.54%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $5,894 4.38%
Calhoun, GA (FHA|USDA|VA) 2 $260,000 $130,000 $4,119 4.44%
GOLDSBORO, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,221 4.63%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $245,000 $245,000 $6,938 4.38%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.38%
WACO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.38%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $235,000 $235,000 $5,134 4.38%
YUBA CITY, CA (FHA|USDA|VA) 1 $235,000 $235,000 $6,414 4.38%
Bay City, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,966 4.38%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $225,000 $225,000 $5,224 4.38%
PITTSFIELD, MA (FHA|USDA|VA) 1 $215,000 $215,000 $5,302 4.38%
GLENS FALLS, NY (FHA|USDA|VA) 1 $205,000 $205,000 $7,132 4.38%
ASHEVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $5,304 4.38%
DOTHAN, AL (FHA|USDA|VA) 1 $195,000 $195,000 $4,416 3.75%
ODESSA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.38%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $195,000 $195,000 $4,492 4.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $195,000 $195,000 $4,770 4.38%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $4,908 4.38%
ROME, GA (FHA|USDA|VA) 1 $185,000 $185,000 $5,089 4.38%
Ottawa, IL (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.38%
VICTORIA, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,149 4.38%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $165,000 $165,000 $4,287 3.75%
DECATUR, AL (FHA|USDA|VA) 1 $165,000 $165,000 $4,002 3.75%
Big Stone Gap, VA (FHA|USDA|VA) 1 $165,000 $165,000 $4,368 4.38%
Fort Payne, AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,270 4.38%
LYNCHBURG, VA (FHA|USDA|VA) 1 $155,000 $155,000 $4,385 4.38%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $145,000 $145,000 $4,386 4.63%
COLUMBIA, SC (FHA|USDA|VA) 1 $145,000 $145,000 $3,967 4.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $145,000 $145,000 $4,141 4.38%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $135,000 $135,000 $5,326 4.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.38%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.38%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.88%
Jesup, GA (FHA|USDA|VA) 1 $125,000 $125,000 $4,065 4.63%
Pottsville, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,783 4.38%
ERIE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,224 4.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $125,000 $125,000 $5,611 4.38%
Jacksonville, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.38%
Brownwood, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,290 4.38%
ROANOKE, VA (FHA|USDA|VA) 1 $115,000 $115,000 $4,010 4.63%
Cambridge, MD (FHA|USDA|VA) 1 $115,000 $115,000 $4,104 4.38%
Dublin, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.38%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $105,000 $105,000 $5,690 4.38%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $5,275 4.38%
Waycross, GA (FHA|USDA|VA) 1 $95,000 $95,000 $3,617 4.38%
Enterprise, AL (FHA|USDA|VA) 1 $95,000 $95,000 $3,364 3.75%
LEBANON, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,899 4.38%
Seneca Falls, NY (FHA|USDA|VA) 1 $95,000 $95,000 $5,141 4.38%
Freeport, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.38%
LaGrange, GA-AL (FHA|USDA|VA) 1 $95,000 $95,000 $3,779 3.75%
Oneonta, NY (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.38%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.38%
Atmore, AL (FHA|USDA|VA) 1 $85,000 $85,000 $3,158 3.75%
Cortland, NY (FHA|USDA|VA) 1 $75,000 $75,000 $4,776 4.38%
Clearlake, CA (FHA|USDA|VA) 1 $75,000 $75,000 $5,193 4.38%

Metro City Bank's top markets include New York, Atlanta, Philadelphia, Houston, and Dallas among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,637 $1,175,195,000 $323,122 $8,857 4.46%

For the 2021 period, Metro City Bank's most frequently originated loan type of loans were Conventional, with 3,637 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,024 $925,740,000 $306,131 $8,792 4.46%
Other 216 $79,020,000 $365,833 $8,566 4.46%
Refi 202 $80,770,000 $399,851 $8,897 4.39%
Cash Out Refi 186 $85,800,000 $461,290 $10,245 4.50%
Home Improvement 9 $3,865,000 $429,444 $0 4.60%

For the 2021, Metro City Bank's most frequently cited loan purpose of loans were Home Purchase, with 3,024 originations. The 2nd most popular reason of loans were Other, with 216 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
15 Year 2,318 $692,360,000 $298,689 $8,514 4.36%
30 Year 1,314 $473,240,000 $360,152 $9,432 4.64%
10 Year 3 $6,385,000 $2,128,333 $0 4.67%
Other 2 $3,210,000 $1,605,000 $0 4.88%

For the 2021, Metro City Bank's most frequently cited loan length of loans were 15 Year, with 2,318 originations. The 2nd most popular length of loans were 30 Year, with 1,314 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 933 $282,615,000 $302,910
$5k+ 855 $491,735,000 $575,129
$2k-3k 623 $112,665,000 $180,843
$1k-2k 197 $21,835,000 $110,838
$<1k 4 $340,000 $85,000

$9,432 of loans were Metro City Bank's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 933 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
4-5% 3,591 $1,167,905,000 $325,231
3-4% 46 $7,290,000 $158,478

During 2021, Metro City Bank's average interest rate of loans were 4.64%, while their most frequently originated rate bucket of loans were 4-5%, with 3,591 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,373 $392,065,000 $285,554 $8,072 4.46%
$100k-200k 1,127 $173,925,000 $154,326 $5,312 4.43%
$400k-600k 692 $336,420,000 $486,156 $11,489 4.50%
$600k-1MM 318 $237,140,000 $745,723 $14,999 4.52%
$100,000 or less 106 $8,680,000 $81,887 $3,856 4.35%
$1MM+ 21 $26,965,000 $1,284,048 $19,129 4.57%

2021 saw Metro City Bank place emphasis on $200k-400k loans with 1,373 originations, totaling $392,065,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,067 $297,075,000 $278,421 $8,359 4.47%
$150k-250k 1,025 $422,065,000 $411,771 $10,873 4.46%
$75k-100k 573 $115,925,000 $202,312 $6,458 4.43%
$250k+ 490 $252,150,000 $514,592 $12,589 4.47%
$50k-75k 369 $57,115,000 $154,783 $5,247 4.43%
$50k or less 53 $6,165,000 $116,321 $4,103 4.39%

Metro City Bank lent most frequently to those with incomes in the $100k-150k range, with 1,067 originations. The second most popular income band? $150k-250k, with 1,025 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 1,197 $400,635,000 $334,699 $9,001 4.46%
20-30% 1,003 $284,995,000 $284,143 $8,251 4.46%
<20% 290 $63,450,000 $218,793 $6,979 4.43%
36% 263 $95,505,000 $363,137 $9,551 4.45%
37% 210 $75,380,000 $358,952 $9,699 4.44%
38% 182 $63,130,000 $346,868 $9,111 4.45%
39% 129 $48,685,000 $377,403 $9,739 4.45%
40% 113 $44,435,000 $393,230 $9,805 4.48%
41% 94 $39,250,000 $417,553 $10,790 4.48%
42% 93 $33,595,000 $361,237 $9,760 4.42%
43% 2 $640,000 $320,000 $7,837 4.38%
45% 1 $795,000 $795,000 $16,566 4.38%

Metro City Bank lent most frequently to those with DTI ratios of 30-36%, with 1,197 originations. The next most common DTI ratio? 20-30%, with 1,003 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 3,179 $1,019,415,000 $320,672 $8,769 4.45%
Chinese 261 $82,715,000 $316,916 $9,731 4.44%
White 87 $30,565,000 $351,322 $9,313 4.61%
Not applicable 60 $24,700,000 $411,667 $0 4.77%
Other Asian 18 $6,720,000 $373,333 $10,140 4.64%
Korean 16 $6,260,000 $391,250 $10,012 4.56%
Not provided 6 $1,680,000 $280,000 $8,609 4.73%
Black 4 $1,300,000 $325,000 $9,908 4.36%
Vietnamese 3 $1,055,000 $351,667 $9,986 4.63%
Asian Indian 2 $490,000 $245,000 $0 4.38%
American Indian 1 $295,000 $295,000 $0 4.38%

Approval Rates

Total approvals of all applications
97.41%

Metro City Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
90.76%

Metro City Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,637 $1,175,195,000 $323,122

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,637 $1,175,195,000 $323,122

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 217 $64,765,000 $298,456 $8,413 4.40%
40-60% 1,664 $583,560,000 $350,697 $9,561 4.46%
60-80% 1,741 $518,695,000 $297,929 $8,177 4.47%
80-100% 1 $1,455,000 $1,455,000 $0 4.50%
Over 100% 1 $3,825,000 $3,825,000 $0 5.00%
Under 20% 13 $2,895,000 $222,692 $8,390 4.32%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Metro City Bank 1636 Parker Avenue Fort Lee, NJ 7024 Full Service B&M $44,930
Metro City Bank 10820 Abbotts Bridge Road, Suite 140 Johns Creek, GA 30097 Full Service B&M $140,986
Metro City Bank 1295 Old Peachtree Rd Nw Ste 180 Suwanee, GA 30024 Full Service B&M $101,832
Metro City Bank 13835 39th Avenue, Suite D-1 Flushing, NY 11354 Full Service B&M $33,984
Metro City Bank 7023 Little River Turnpike Annandale, VA 22003 Full Service B&M $17,030
Metro City Bank 9788 Walnut Street Dallas, TX 75243 Full Service B&M $32,052
Metro City Bank 9888 Bellaire Boulevard Duite 147 Houston, TX 77036 Full Service B&M $11,427
Metro City Bank 1805 Gateway Drive Opelika, AL 36801 Full Service B&M $99,850
Metro City Bank 212-45 Northern Boulevard Bayside, NY 11361 Full Service B&M $28,092
Metro City Bank 2615 W. Pioneer Parkway Suite #101 Grand Prairie, TX 75051 Full Service Retail $35,312
Metro City Bank 2779 Bell Road Montgomery, AL 36117 Full Service B&M $39,905
Metro City Bank 2790 Lawrenceville-Suwanee Road, Suite 105 Suwanee, GA 30024 Full Service B&M $147,196
Metro City Bank 3280 Holcomb Bridge Rd Norcross, GA 30092 Full Service B&M $55,192
Metro City Bank 3725 Old Norcross Road Duluth, GA 30096 Full Service B&M $148,173
Metro City Bank 4273 Roswell Road Marietta, GA 30062 Full Service B&M $42,841
Metro City Bank 5114 Buford Hwy Doraville, GA 30340 Full Service B&M $908,983
Metro City Bank 5385 Jimmy Carter Blvd, Ste 100 Norcross, GA 30093 Full Service B&M $85,552
Metro City Bank 5900 Centreville Crest Lane, Suite B Centreville, VA 20121 Full Service Retail $44,768
Metro City Bank 6202 Commerce Palms Drive Tampa, FL 33647 Full Service B&M $7,641

For 2021, Metro City Bank had 19 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $108,312
Net interest income $103,693
Total noninterest income $34,339
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,112
Trading account gains and fees $0
Additional Noninterest Income $33,227
Pre-tax net operating income $82,975
Securities gains (or losses, -) $-114
Income before extraordinary items $61,942
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $61,942
Minority interest net income $0
Net income $61,942
Sale, conversion, retirement of capital stock, net $1,427
Net operating income $62,032

Metro City Bank's gross interest income from loans was $108,312,000.
Metro City Bank's net interest income from loans was $103,693,000.
Metro City Bank's fee based income from loans was $1,112,000.
Metro City Bank's net income from loans was $61,942,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,619
Provision for credit losses $6,929
Total noninterest expense $48,128
Salaries and employee benefits $30,112
Premises and equipment expense $5,028
Additional noninterest expense $12,988
Applicable income taxes $20,919
Net charge-offs $113
Cash dividends $11,828

Metro City Bank's interest expense for loans was $4,619,000.
Metro City Bank's payroll and benefits expense were $30,112,000.
Metro City Bank's property, plant and equipment expenses $5,028,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $2,306,563
Deposits held in domestic offices $2,306,563
Deposits by Individuals, partnerships, and corporations $2,209,802
Deposits by U.S. Government $488
Deposits by States and political subdivisions in the U.S. $71,127
Deposits by Commercial banks and other depository institutions in U.S. $25,127
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $19
Transaction accounts $1,004,778
Demand deposits $626,856
Nontransaction accounts $1,301,785
Money market deposit accounts (MMDAs) $801,926
Other savings deposits (excluding MMDAs) $31,713
Total time deposits $468,146
Total time and savings deposits $1,679,707
Noninterest-bearing deposits $626,856
Interest-bearing deposits $1,679,707
Retail deposits $1,821,137
IRAs and Keogh plan accounts $12,086
Brokered deposits $425,055
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,111,820
Cash & Balances due from depository institutions $432,100
Interest-bearing balances $414,966
Total securities $37,119
Federal funds sold & reverse repurchase $8,819
Net loans and leases $2,492,895
Loan and leases loss allowance $16,952
Trading account assets $0
Bank premises and fixed assets $22,406
Other real estate owned $3,618
Goodwill and other intangibles $17,981
All other assets $96,882

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,111,820
Total Liabilities $2,831,447
Total deposits $2,306,563
Interest-bearing deposits $1,679,707
Deposits held in domestic offices $2,306,563
% insured (estimated) $73
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $500,460
Subordinated debt $0
All other liabilities $24,424

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,492,895
Loan and leases loss allowance $16,952
Total loans and leases (domestic) $2,509,847
All real estate loans $2,443,134
Real estate loans in domestic offices $2,443,134
Construction and development loans $38,857
Residential 1-4 family construction $0
Other construction, all land development and other land $38,857
Loans secured by nonfarm nonresidential properties $503,980
Nonfarm nonresidential secured by owner-occupied properties $441,320
Commercial real estate & other non-farm, non-residential $62,660
Multifamily residential real estate $0
1-4 family residential loans $1,878,566
Farmland loans $21,731
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $73,072
To non-U.S. addressees $0
Loans to individuals $10
Credit card loans $0
Related Plans $0
Consumer Auto Loans $10
Other loans to individuals $0
All other loans & leases $69
Loans to foreign governments and official institutions $0
Other loans $69
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $2,698
Non 1-4 family restructured loans & leases $2,698
Total loans and leases (foreign) $0

Metro City Bank had $2,492,895,000 of loans outstanding in 2021. $2,443,134,000 of loans were in real estate loans. $38,857,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $1,878,566,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $10,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 404 $127,870 $316,510
Nonfarm, nonresidential loans - <$100k 84 $4,570 $54,405
Nonfarm, nonresidential loans - $100-250k 106 $16,803 $158,519
Nonfarm, nonresidential loans - $250k-1MM 214 $106,497 $497,650
Commercial & Industrial, US addressed loans - <$1MM 701 $49,843 $71,103
Commercial & Industrial, US addressed loans - <$100k 529 $14,591 $27,582
Commercial & Industrial, US addressed loans - $100-250k 123 $17,606 $143,138
Commercial & Industrial, US addressed loans - $250k-1MM 49 $17,646 $360,122
Farmland loans - <$1MM 33 $10,805 $327,424
Farmland loans - $250k-1MM 33 $10,805 $327,424