Metro City Bank Mortgage Rates, Fees & Info
Doraville, GALEI: 254900TM81D0YC1B9584
Tax ID: 76-0819027
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Review & Overview
Metro City Bank is a smaller bank specializing in Home Purchase loans. Metro City Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlanta, Philadelphia, Washington, and Houston among others. We have data for 100 markets. (Some data included below & more in-depth data is available with an active subscription.)Metro City Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Metro City Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.65% | 11/21/24 |
| 30 Year Conventional Refi | 8.57% | 11/21/24 |
| 30 Year Cash-out Refi | 8.19% | 11/21/24 |
| 15 Year Conventional Purchase | 7.34% | 11/21/24 |
| 15 Year Conventional Refi | 7.29% | 11/21/24 |
| 15 Year Cash-out Refi | 7.29% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Metro City Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,362Origination Dollar Volume (All Markets)
$627,910,000Employee count
208Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 752 | $328,670,000 | $437,061 | $10,741 | 5.58% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 520 | $99,910,000 | $192,135 | $4,771 | 5.45% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 445 | $67,295,000 | $151,225 | $5,438 | 5.48% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 51 | $15,985,000 | $313,431 | $6,402 | 5.47% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 74 | $14,500,000 | $195,946 | $5,658 | 5.46% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 50 | $11,650,000 | $233,000 | $6,240 | 5.43% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 65 | $11,295,000 | $173,769 | $5,496 | 5.47% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 48 | $9,600,000 | $200,000 | $5,536 | 5.49% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 23 | $4,155,000 | $180,652 | $6,978 | 5.54% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 19 | $4,035,000 | $212,368 | $5,670 | 5.49% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 13 | $4,005,000 | $308,077 | $6,681 | 5.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 13 | $3,575,000 | $275,000 | $7,768 | 5.54% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $2,905,000 | $322,778 | $5,959 | 5.49% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 14 | $2,780,000 | $198,571 | $5,035 | 5.46% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 11 | $2,355,000 | $214,091 | $7,789 | 5.43% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $1,995,000 | $221,667 | $5,989 | 5.54% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 11 | $1,935,000 | $175,909 | $4,965 | 5.48% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $7,292 | 5.48% |
| Jefferson, GA (FHA|USDA|VA) | 11 | $1,685,000 | $153,182 | $4,736 | 5.41% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $1,685,000 | $187,222 | $5,083 | 5.49% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,665,000 | $237,857 | $4,462 | 5.52% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 9 | $1,545,000 | $171,667 | $6,018 | 5.53% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 11 | $1,515,000 | $137,727 | $4,354 | 5.43% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $5,721 | 5.52% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $6,323 | 5.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 7 | $1,265,000 | $180,714 | $6,236 | 5.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 8 | $1,260,000 | $157,500 | $3,712 | 5.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $5,315 | 5.54% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $8,527 | 5.56% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $5,775 | 5.57% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $5,844 | 5.33% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $3,625 | 5.46% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 8 | $920,000 | $115,000 | $4,167 | 5.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $0 | 5.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,859 | 5.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $7,327 | 5.38% |
| Outside of Metro Areas | 6 | $730,000 | $121,667 | $4,626 | 5.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,334 | 5.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,981 | 5.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,581 | 5.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $7,613 | 5.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $5,442 | 5.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,545 | 5.44% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,777 | 5.50% |
| READING, PA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $6,498 | 5.42% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,756 | 5.50% |
| ERIE, PA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $4,629 | 5.44% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 5.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,284 | 5.50% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,807 | 5.54% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,344 | 5.56% |
| Dublin, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,727 | 5.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,211 | 5.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $5,187 | 5.54% |
| Torrington, CT (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,085 | 5.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,614 | 5.50% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,629 | 5.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,797 | 5.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,993 | 5.50% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,058 | 5.63% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,717 | 5.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,666 | 5.50% |
| Lake City, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,491 | 5.50% |
| ROME, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,784 | 5.38% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.50% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,988 | 5.50% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.63% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,150 | 5.50% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,754 | 5.50% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,208 | 5.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,552 | 5.50% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,457 | 5.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,980 | 5.50% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,919 | 5.50% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,114 | 5.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,741 | 5.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,555 | 5.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,042 | 5.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,996 | 5.50% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,835 | 5.50% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,848 | 5.75% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,986 | 5.50% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,006 | 5.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.50% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,581 | 5.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,277 | 5.50% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,207 | 5.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,626 | 5.50% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,402 | 5.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.50% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,965 | 5.50% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,515 | 5.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,889 | 5.50% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.25% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.50% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,904 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Metro City Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,360 | $626,380,000 | $265,415 | $7,339 | 5.50% |
| HELOC | 2 | $1,530,000 | $765,000 | n/a | 0.00% |
For 2019, Metro City Bank's most frequently originated type of loan was Conventional, with 2,360 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2019, Metro City Bank's most frequently cited loan purpose was Home Purchase, with 2,030 originations. The 2nd most popular reason was Other, with 155 originations.
Loan Duration/Length
For 2019, Metro City Bank's most frequently cited loan duration was 30 Year, with 2,353 originations. The 2nd most popular length was Other, with 4 originations.
Origination Fees/Closing Costs
Metro City Bank's average total fees were $7,337, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 544 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 2,356 | $618,170,000 | $262,381 |
| 4-5% | 2 | $2,720,000 | $1,360,000 |
| 6-7% | 2 | $5,490,000 | $2,745,000 |
During 2019, Metro City Bank's average interest rate for loans was 5.50%, while their most frequently originated rate bucket for loans was 5-6%, with 2,356 originations.
Loan Sizing
2019 saw Metro City Bank place emphasis on $100k-200k loans with 986 originations, totaling $146,110,000 in origination value.
Applicant Income
Metro City Bank lent most frequently to those with incomes in the $100k-150k range, with 546 originations. The second most popular income band? $75k-100k, with 489 originations.
Applicant Debt to Income Ratio
Metro City Bank lent most frequently to those with DTI ratios of 30-36%, with 539 originations. The next most common DTI ratio? 20-30%, with 499 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.11%
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 origination90.47%
Metro City Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 2 | $1,530,000 | $765,000 |
| NA | 2,360 | $626,380,000 | $265,415 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,362 | $627,910,000 | $265,838 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Metro City Bank | 10820 Abbotts Bridge Road, Suite 140 Johns Creek, GA 30097 | Full Service B&M | $143,035 |
| Metro City Bank | 1295 Old Peachtree Rd Nw Ste 180 Suwanee, GA 30024 | Full Service B&M | $91,105 |
| Metro City Bank | 13835 39th Avenue, Suite D-1 Flushing, NY 11354 | Full Service B&M | $27,995 |
| Metro City Bank | 1636 Parker Avenue Fort Lee, NJ 7024 | Full Service B&M | $47,076 |
| Metro City Bank | 1805 Gateway Drive Opelika, AL 36801 | Full Service B&M | $76,025 |
| Metro City Bank | 212-45 Northern Boulevard Bayside, NY 11361 | Full Service B&M | $42,923 |
| Metro City Bank | 2615 W. Pioneer Parkway Suite #101 Grand Prairie, TX 75051 | Full Service Retail | $38,306 |
| Metro City Bank | 2779 Bell Road Montgomery, AL 36117 | Full Service B&M | $44,830 |
| Metro City Bank | 2790 Lawrenceville-Suwanee Road, Suite 105 Suwanee, GA 30024 | Full Service B&M | $103,825 |
| Metro City Bank | 3280 Holcomb Bridge Rd Norcross, GA 30092 | Full Service B&M | $39,289 |
| Metro City Bank | 3725 Old Norcross Road Duluth, GA 30096 | Full Service B&M | $129,323 |
| Metro City Bank | 4273 Roswell Road Marietta, GA 30062 | Full Service B&M | $48,925 |
| Metro City Bank | 5114 Buford Hwy Doraville, GA 30340 | Full Service B&M | $303,134 |
| Metro City Bank | 5385 Jimmy Carter Blvd, Ste 100 Norcross, GA 30093 | Full Service B&M | $68,816 |
| Metro City Bank | 5900 Centreville Crest Lane, Suite B Centreville, VA 20121 | Full Service Retail | $52,902 |
| Metro City Bank | 6202 Commerce Palms Drive Tampa, FL 33647 | Full Service B&M | $3,463 |
| Metro City Bank | 7023 Little River Turnpike Annandale, VA 22003 | Full Service B&M | $18,196 |
| Metro City Bank | 9788 Walnut Street Dallas, TX 75243 | Full Service B&M | $28,541 |
| Metro City Bank | 9888 Bellaire Boulevard Duite 147 Houston, TX 77036 | Full Service B&M | $7,080 |
For 2019, Metro City Bank had 19 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $83,213 |
| Net interest income | $60,927 |
| Total noninterest income | $39,928 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,055 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $38,873 |
| Pre-tax net operating income | $60,995 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $44,818 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $44,818 |
| Minority interest net income | $0 |
| Net income | $44,818 |
| Sale, conversion, retirement of capital stock, net | $1,526 |
| Net operating income | $44,818 |
Metro City Bank's gross interest income from loans was $83,213,000.
Metro City Bank's net interest income from loans was $60,927,000.
Metro City Bank's fee based income from loans was $1,055,000.
Metro City Bank's net income from loans was $44,818,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $22,286 |
| Provision for credit losses | $0 |
| Total noninterest expense | $39,860 |
| Salaries and employee benefits | $24,923 |
| Premises and equipment expense | $4,749 |
| Additional noninterest expense | $10,188 |
| Applicable income taxes | $16,177 |
| Net charge-offs | $-195 |
| Cash dividends | $10,402 |
Metro City Bank's interest expense for loans was $22,286,000.
Metro City Bank's payroll and benefits expense were $24,923,000.
Metro City Bank's property, plant and equipment expenses $4,749,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 4.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $1,340,347 |
| Deposits held in domestic offices | $1,340,347 |
| Deposits by Individuals, partnerships, and corporations | $1,332,915 |
| Deposits by U.S. Government | $240 |
| Deposits by States and political subdivisions in the U.S. | $2,822 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,370 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $347,418 |
| Demand deposits | $309,366 |
| Nontransaction accounts | $992,929 |
| Money market deposit accounts (MMDAs) | $194,770 |
| Other savings deposits (excluding MMDAs) | $16,499 |
| Total time deposits | $781,661 |
| Total time and savings deposits | $1,030,981 |
| Noninterest-bearing deposits | $309,366 |
| Interest-bearing deposits | $1,030,981 |
| Retail deposits | $1,146,901 |
| IRAs and Keogh plan accounts | $10,016 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,636,039 |
| Cash & Balances due from depository institutions | $270,496 |
| Interest-bearing balances | $246,647 |
| Total securities | $15,695 |
| Federal funds sold & reverse repurchase | $20,917 |
| Net loans and leases | $1,244,664 |
| Loan and leases loss allowance | $6,839 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $26,417 |
| Other real estate owned | $423 |
| Goodwill and other intangibles | $26,256 |
| All other assets | $31,171 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,636,039 |
| Total Liabilities | $1,435,153 |
| Total deposits | $1,340,347 |
| Interest-bearing deposits | $1,030,981 |
| Deposits held in domestic offices | $1,340,347 |
| % insured (estimated) | $63 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $75,605 |
| Subordinated debt | $0 |
| All other liabilities | $19,201 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,244,664 |
| Loan and leases loss allowance | $6,839 |
| Total loans and leases (domestic) | $1,251,503 |
| All real estate loans | $1,198,675 |
| Real estate loans in domestic offices | $1,198,675 |
| Construction and development loans | $31,739 |
| Residential 1-4 family construction | $10 |
| Other construction, all land development and other land | $31,729 |
| Loans secured by nonfarm nonresidential properties | $419,987 |
| Nonfarm nonresidential secured by owner-occupied properties | $344,670 |
| Commercial real estate & other non-farm, non-residential | $75,317 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $737,494 |
| Farmland loans | $9,455 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $53,105 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,413 |
| Credit card loans | $0 |
| Related Plans | $596 |
| Consumer Auto Loans | $810 |
| Other loans to individuals | $7 |
| All other loans & leases | $355 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $355 |
| 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 | $2,459 |
| Non 1-4 family restructured loans & leases | $2,459 |
| Total loans and leases (foreign) | $0 |
Metro City Bank had $1,244,664,000 of loans outstanding in 2019. $1,198,675,000 of loans were in real estate loans. $31,739,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $737,494,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $810,000 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 | 269 | $83,997 | $312,257 |
| Nonfarm, nonresidential loans - <$100k | 10 | $248 | $24,800 |
| Nonfarm, nonresidential loans - $100-250k | 54 | $4,739 | $87,759 |
| Nonfarm, nonresidential loans - $250k-1MM | 205 | $79,010 | $385,415 |
| Commercial & Industrial, US addressed loans - <$1MM | 275 | $53,105 | $193,109 |
| Commercial & Industrial, US addressed loans - <$100k | 76 | $520 | $6,842 |
| Commercial & Industrial, US addressed loans - $100-250k | 100 | $3,099 | $30,990 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 99 | $49,486 | $499,859 |
| Farmland loans - <$1MM | 18 | $5,678 | $315,444 |
| Farmland loans - $250k-1MM | 18 | $5,678 | $315,444 |