FDIC Certificate #: 34308 Status: Active Federal Reserve ID: 2496081 Bank Holding Company (Regulatory Top Holder): Louisville Development Bancorp, Inc. (RSSDID: 2496063, Location: Louisville, KY) Date Established: January 06, 1997 WWW:http://www.metrobankky.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 #: 57067 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: January 06, 1997 Last Structure Change Effective Date: January 03, 2011 Last Structure Change Process Date: January 06, 2011 Last Data Update: January 06, 2011 Data Source Date: April 05, 2012
Location
Address: 2901 West Broadway, Louisville, KY 40251 County: Jefferson Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Elizabethtown Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Louisville, KY-IN (#4520) Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350) Core Based Statistical Area (CBSA): Louisville-Jefferson County, KY-IN (#31140) CBSA Metro Statistical Area: Louisville-Jefferson County, KY-IN (#31140)
History of Changes
Name Change
Financial Summary
Total assets: $32.4 mil Equity capital: $4.8 mil Deposits held in domestic offices: $27.2 mil Return on assets (ROA): 0.94% ($0.3 mil) Quarterly return on assets: 9.19% ($2.9 mil) Return on Equity (ROE): 7.01% ($0.4 mil) Quarterly return on equity: 65.27% ($3.3 mil) Net income: $0.3 mil Quarterly Net income: $0.7 mil Pretax return on assets: 0.94% ($304.3 mil) Quarterly Pretax return on assets: 9.19% ($2,975.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$32,374Total assets
$10,558Cash and due from depository institutions
$10,229Interest-bearing balances
$7,566Securities
$1,177Federal funds sold & reverse repurchase agreements
$11,775Net loans & leases
$396Loan loss allowance
$0Trading account assets
$101Bank premises and fixed assets
$217Other real estate owned
$0Goodwill and other intangibles
$32,374Life insurance assets
$980All other assets
$27,528Total liabilities and capital
$27,164Total liabilities
$27,164Total deposits
$27,164Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$364Subordinated debt
$4,846All other liabilities
$4,846Total equity capital
$4,846Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$7,250Surplus
$-3,404Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$854Income earned, not collected on loans
$78Earning assets
$103Long-term assets (5+ years)
$30,747Average Assets, year-to-date
$5,062Average Assets, quarterly
$33,239Volatile liabilities
$31,873Insider loans
$15,675FHLB advances
$31,848Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,825Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$76Restructured Loans and leases
$991Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$913Total interest income
$348Total interest expense
$565Net interest income
$75Provision for loan and lease losses
$1,756Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,756Additional noninterest income
$1,935Total noninterest expense
$842Salaries and employee benefits
$246Premises and equipment expense
$847Additional noninterest expense
$311Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$311Income before extraordinary items
$0Extraordinary gains - net
$311Net income attributable to bank
$0Net charge-offs
$311Cash dividends
$184Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.87%Yield on earning assets
1.09%Cost of funding earning assets
1.78%Net interest margin
5.52%Noninterest income to earning assets
6.08%Noninterest expense to earning assets
0.94%Net operating income to assets
0.94%Return on assets (ROA)
0.94%Pretax return on assets
7.01%Return on equity (ROE)
7.01%Retained earnings to average equity (YTD only)
1.40%Net charge-offs to loans
40.76%Credit loss provision to net charge-offs
2.10%Efficiency ratio
83,369Assets per employee
3.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.25%Loss allowance to noncurrent loans
46.37%Noncurrent assets plus other real estate owned to assets
3.31%Noncurrent loans to loans
7.02%Net loans and leases to deposits
43.35%Net loans and leases to core deposits
59.35%Equity capital to assets
14.97%Core capital (leverage) ratio
15.15%Tier 1 risk-based capital ratio
30.78%Total risk-based capital ratio
Memoranda
$32Average assets
$33,239Average earning assets
$4,439Average equity
$31,813Average loans
List of branches
1 Kentucky Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
57067
Metro Bank
2901 West Broadway, Louisville, KY 40251
January 06, 1997
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Metro Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: