3.5 star ratingAverage User Rating:
3.5 star rating based on 3 reviews.

First Metro Bank

First Metro Bank Locations
406 West Avalon Avenue
Muscle Shoals, AL 35661
www.firstmetro.com

First Metro Bank is headquartered in Muscle Shoals and is the 17st largest bank in the state of Alabama. It is also the 1,393rd largest bank in the nation. It was established in 1988 and as of March of 2012, it had grown to 99 employees at 8 locations. First Metro Bank has a 5-star health rating.


Data for Q1 2012


Institution Statistics


First Metro Bank
FDIC Certificate #27381
BankRate ReportView
Year Established1988
Employees99
Primary RegulatorFDIC

Assets and Liabilities

Assets$485.25 million
Loans$270.03 million
Deposits$432.14 million
Equity Capital$48.79 million
Loan Loss Allowance$2.56 million
Unbacked Noncurrent Loans$500,000
Real Estate Owned$469,000

Historic Data - March 2011

Assets$446.35 million
Equity Capital$44.65 million
Loan Loss Allowance$2.60 million
Unbacked Noncurrent Loans$624,000
Real Estate Owned$313,000

Profit Margin - Quarterly

Net Interest Margin3.88%
Return on Assets1.41%
Return on Equity13.89%
Interest Income$5.30 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Metro Bank had $969,000 in non-current loans and owned real-estate with $51.35 million in equity and loan loss allowances on hand to cover it. This gives First Metro Bank a Texas Ratio of 1.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for First Metro Bank held steady from 1.98% as of March 31, 2011 to 1.89% as of March 31, 2012, resulting in a positive change of 4.84%.This indicates that the balance sheet and financial strength for First Metro Bank has held steady in recent periods.
Deposit Growth5
In the past year, First Metro Bank has increased its total deposits by $33.7 million, resulting in 8.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Metro Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Metro Bank has $485.25 million in assets with $51.35 million in equity, resulting in a capitalization level of 10.58%, which is above average.
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One Of The Good Ones Left!
5 stars - Rob35661 - Monday, January 23, 2012 - 9:50 AM

First Metro Bank is one of the very few "hometown" banks left!  When you call you get a human!

 

1

Loan Officers That Care
5 stars - JohninFL - Monday, January 9, 2012 - 9:12 AM

First Metro cares about its customers. When I lost my job, I went in and talked with my loan officer about the situation.  They worked with me and I will never bank anywhere else!

1

First Metro Bank In Muscle Shoals Sucks
1 stars - alexmcc - Tuesday, November 15, 2011 - 12:45 PM

we started using them at the beginning of the year, everything s5arted out great except for my debit card was late and i didn't recieve a pin# until 2 months after i got my card! well, we took out a personal loan, made our payments early every month. my husband was recently starting a new job and were barely a few days late, and they went in our account took out money didn't notify us and charged us with a ton of overdraft fees that were not our fault. the customer service is aweful, excuses being my computer cant access that information. i have talked to several people be very rude rather than help you. i do NOT recommend this bank. they do not process your purchases so they can purposely charge and overdraft fee, then will not help or explain why they didnt process your purchases when they were supposed to. if you want to keep your hard earned money do NOT use this bank.

1
 
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