Metro City Bank Mortgage Rates, Fees & Info

Doraville, GA

LEI: 254900TM81D0YC1B9584

Tax ID: 76-0819027

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Review & 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 by origination volume include: New York, Atlanta, Philadelphia, Houston, and Dallas among others. We have data for 158 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 a high 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 about average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 8.65% 4/21/24
    30 Year Conventional Refi 8.57% 4/21/24
    30 Year Cash-out Refi 8.19% 4/21/24
    15 Year Conventional Purchase 7.34% 4/21/24
    15 Year Conventional Refi 7.29% 4/21/24
    15 Year Cash-out Refi 7.29% 4/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Metro City Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,637

    Origination Dollar Volume (All Markets)

    $1,175,195,000

    Employee count

    216

    Top 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) 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.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

    • 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.

    FIRST NEW YORK
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,635 $1,171,985,000 $322,417 $8,857 4.46%
    HELOC 2 $3,210,000 $1,605,000 n/a 4.88%

    For 2021, Metro City Bank's most frequently originated type of loan was Conventional, with 3,635 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Metro City Bank's most frequently cited loan purpose was Home Purchase, with 3,024 originations. The 2nd most popular reason was 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 2021, Metro City Bank's most frequently cited loan duration was 15 Year, with 2,318 originations. The 2nd most popular length was 30 Year, with 1,314 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 855 $491,735,000 $575,129
    $2k-3k 623 $112,665,000 $180,843
    $3k-4k 491 $127,495,000 $259,664
    $4k-5k 442 $155,120,000 $350,950
    $1k-2k 197 $21,835,000 $110,838
    $<1k 4 $340,000 $85,000

    Metro City Bank's average total fees were $9,432, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 855 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 for loans was 4.64%, while their most frequently originated rate bucket for loans was 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
    97.45%

    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
    90.93%

    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 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 1636 Parker Avenue Fort Lee, NJ 7024 Full Service B&M $44,930
    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
    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

    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