Metropolitan Bank in Crystal Springs, Mississippi (MS), TN
| Metropolitan Bank | |
|---|---|
| General | FDIC Certificate #: 22346 Status: Active Federal Reserve ID: 699132 Bank Holding Company (Regulatory Top Holder): Metropolitan Bancgroup, Inc. (RSSDID: 3637984, Location: Ridgeland, MS) Date Established: October 11, 1976 WWW: http://www.themetropolitanbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Domestic: 7, Interstate: Yes) OTS Docket #: 10760 FDIC's unique #: 15555 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: October 11, 1976 Last Structure Change Effective Date: March 01, 2008 Last Structure Change Process Date: April 01, 2008 Last Data Update: April 01, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 201 S. Jackson Street, Crystal Springs, MS 39059 County: Copiah Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298) Core Based Statistical Area (CBSA): Jackson, MS (#27140) CBSA Metro Statistical Area: Jackson, MS (#27140) |
| History of Changes | Name Change Office Sold |
| Financial Summary | Total assets: $587.1 mil Equity capital: $60.8 mil Deposits held in domestic offices: $498.5 mil Return on assets (ROA): 0.58% ($3.4 mil) Quarterly return on assets: 0.75% ($4.4 mil) Return on Equity (ROE): 5.38% ($3.3 mil) Quarterly return on equity: 7.12% ($4.3 mil) Net income: $3.1 mil Quarterly Net income: $1.1 mil Pretax return on assets: 0.46% ($2,700.5 mil) Quarterly Pretax return on assets: 0.30% ($1,761.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 88 |
| Total assets | $587,066 |
| Cash and due from depository institutions | $32,045 |
| Interest-bearing balances | $17,774 |
| Securities | $119,208 |
| Federal funds sold & reverse repurchase agreements | $5,356 |
| Net loans & leases | $406,068 |
| Loan loss allowance | $5,203 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,305 |
| Other real estate owned | $735 |
| Goodwill and other intangibles | $5,574 |
| All other assets | $8,775 |
| Life insurance assets | $587,066 |
| Total liabilities and capital | $526,285 |
| Total liabilities | $498,476 |
| Total deposits | $441,426 |
| Interest-bearing deposits | $498,476 |
| Deposits held in domestic offices | $77 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $24,635 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,174 |
| All other liabilities | $60,781 |
| Total equity capital | $60,781 |
| Total bank equity capital | $60,781 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $56,914 |
| Undivided profits | $3,867 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,162 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,576 |
| Average Assets, year-to-date | $548,406 |
| Average Assets, quarterly | $121,161 |
| Volatile liabilities | $542,629 |
| Insider loans | $575,013 |
| FHLB advances | $450,925 |
| Loans and leases held for sale | $541,435 |
| Unused loan commitments | $1,504 |
| Tier 1 (core) risk-based capital | $1,504 |
| Tier 2 risk-based capital | $53,880 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $93,977 |
| Derivatives | $7,488 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $21,690 |
| Total interest expense | $5,354 |
| Net interest income | $16,336 |
| Provision for loan and lease losses | $1,746 |
| Total noninterest income | $2,668 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,122 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,546 |
| Total noninterest expense | $15,245 |
| Salaries and employee benefits | $8,600 |
| Premises and equipment expense | $2,233 |
| Additional noninterest expense | $4,412 |
| Pre-tax net operating income | $2,013 |
| Securities gains (losses) | $477 |
| Applicable income taxes | -$645 |
| Income before extraordinary items | $3,135 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,135 |
| Net charge-offs | $0 |
| Cash dividends | $3,135 |
| Sale, conversion, retirement of capital stock, net | $1,000 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.23% |
| Cost of funding earning assets | 1.04% |
| Net interest margin | 3.19% |
| Noninterest income to earning assets | 0.52% |
| Noninterest expense to earning assets | 2.97% |
| Net operating income to assets | 0.49% |
| Return on assets (ROA) | 0.58% |
| Pretax return on assets | 0.46% |
| Return on equity (ROE) | 5.38% |
| Retained earnings to average equity (YTD only) | 5.38% |
| Net charge-offs to loans | 0.27% |
| Credit loss provision to net charge-offs | 174.60% |
| Efficiency ratio | 3.76% |
| Assets per employee | $79,020 |
| Cash dividends to net income (YTD only) | 6.67% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.27% |
| Noncurrent assets plus other real estate owned to assets | 164.55% |
| Noncurrent loans to loans | 0.66% |
| Net loans and leases to deposits | 0.77% |
| Net loans and leases to core deposits | 81.46% |
| Equity capital to assets | 127.03% |
| Core capital (leverage) ratio | 10.35% |
| Tier 1 risk-based capital ratio | 9.95% |
| Total risk-based capital ratio | 11.95% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $542,629 |
| Average equity | $58,310 |
| Average loans | $512,533 |
| 5 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 15555 | Metropolitan Bank | 201 S. Jackson Street, Crystal Springs, MS 39059 | October 11, 1976 | Full Service Brick and Mortar |  |
| 1 | 254419 | Hazlehurst Branch | 649 North Caldwell Drive, Hazlehurst, MS 39083 | December 01, 1988 | Full Service Brick and Mortar |  |
| 2 | 430747 | Rankin Branch | 3500 Lakeland Drive, Suite 501, Flowood, MS 39232 | November 24, 2003 | Full Service Brick and Mortar | |
| 12 | 477420 | Ridgeland Area Mobile | 1069 Highland Colony Parkway, Ridgeland, MS 39157 | June 23, 2008 | Limited Service Mobile | |
| 13 | 478822 | Metropolitan Bank Branch | 1069 Highland Colony Parkway, Ridgeland, MS 39157 | June 23, 2008 | Full Service Brick and Mortar | |
| 3 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 3 | 360519 | Metropolitan Bank | 1661 Aaron Brenner Drive, Suite 100, Memphis, TN 38120 | December 17, 2001 | Full Service Brick and Mortar | |
| 11 | 477397 | Memphis Area Mobile Branch | 1661 Aaron Brenner Drive, Memphis, TN 38120 | June 17, 2008 | Limited Service Mobile | |
| 14 | 529960 | Poplar Avenue Branch | 5264 Poplar Avenue, Memphis, TN 38119 | November 28, 2011 | Full Service Brick and Mortar | |
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