Metrobank in Farmington Hills, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2005

  • Metrobank in Farmington Hills, Michigan (MI)
  • Show street view No street view available for this location

Metrobank - Overview

  • General
  • FDIC Certificate #: 18685
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CF Bancorp (#30005)
    Federal Reserve ID: 538044
    Date Established: January 18, 1963
    WWW: http://www.metrobanker.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 15868
    FDIC's unique #: 12557
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 18, 1963
    Last Structure Change Effective Date: October 01, 2005
    Last Structure Change Process Date: October 17, 2005
    Last Data Update: October 17, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 37000 Grand River Avenue, Suite 100, Farmington Hills, MI 48335
    County: Oakland
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Detroit, MI (#2160)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
    CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
    Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
  • Financial Summary
  • Total assets: $181.8 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, 2004)

  • Dollar figures in thousands
  • 61Total employees (full-time equivalent)
  • $164,437Total assets
  • $4,991Cash and due from depository institutions
  • $137Interest-bearing balances
  • $21,074Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,360Net loans & leases
  • $1,536Loan loss allowance
  • $0Trading account assets
  • $4,994Bank premises and fixed assets
  • $844Other real estate owned
  • $14,369Goodwill and other intangibles
  • $0Life insurance assets
  • $1,805All other assets
  • $164,437Total liabilities and capital
  • $134,032Total liabilities
  • $128,197Total deposits
  • $100,165Interest-bearing deposits
  • $128,197Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,735All other liabilities
  • $30,405Total equity capital
  • $30,405Total bank equity capital
  • $30,405Perpetual preferred stock
  • $0Common stock
  • $521Surplus
  • $29,938Undivided profits
  • Memoranda
  • $-54Noncurrent loans and leases
  • $31,136Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,202Earning assets
  • $0Long-term assets (5+ years)
  • $786Average Assets, year-to-date
  • $137,571Average Assets, quarterly
  • $13,941Volatile liabilities
  • $166,517Insider loans
  • $168,042FHLB advances
  • $17,445Loans and leases held for sale
  • $107Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $31,136Total unused commitments
  • $0Restructured Loans and leases
  • $1,536Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $7,632Total interest income
  • $1,492Total interest expense
  • $6,140Net interest income
  • $487Provision for loan and lease losses
  • $1,212Total noninterest income
  • $0Fiduciary activities
  • $490Service charges on deposit accounts
  • $0Trading account gains & fees
  • $722Additional noninterest income
  • $6,826Total noninterest expense
  • $3,540Salaries and employee benefits
  • $1,114Premises and equipment expense
  • $2,172Additional noninterest expense
  • $39Pre-tax net operating income
  • -$230Securities gains (losses)
  • -$73Applicable income taxes
  • -$118Income before extraordinary items
  • $0Extraordinary gains - net
  • -$118Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 4.40%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 4.89%Noninterest expense to earning assets
  • 0.02%Net operating income to assets
  • -0.07%Return on assets (ROA)
  • -0.11%Pretax return on assets
  • -0.43%Return on equity (ROE)
  • -0.43%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 579.76%Credit loss provision to net charge-offs
  • 6.26%Efficiency ratio
  • 82,726Assets per employee
  • 2.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 29.53%Noncurrent assets plus other real estate owned to assets
  • 3.68%Noncurrent loans to loans
  • 4.41%Net loans and leases to deposits
  • 90.77%Net loans and leases to core deposits
  • 102.20%Equity capital to assets
  • 18.49%Core capital (leverage) ratio
  • 10.68%Tier 1 risk-based capital ratio
  • 11.84%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $166,517Average earning assets
  • $27,631Average equity
  • $139,645Average loans

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