First Metro Bank is headquartered in Muscle Shoals and is the 17st largest bank in the state of Alabama. It is also the 1,309th largest bank in the nation. It was established in 1988 and as of December of 2013, it had grown to 104 employees at 8 locations. First Metro Bank has a A health rating.
There is an older lady on the drive thru lanes in Tuscumbia that is adorable! She goes out of her way to talk with you while your transaction is being processed. She even had a small treat for my yorkie!
First Metro Bank is one of the very few "hometown" banks left! When you call you get a human!
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!
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.
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 December 31, 2013 First Metro Bank had $902,000 in non-current loans and owned real-estate with $51.02 million in equity and loan loss allowances on hand to cover it. This gives First Metro Bank a Texas Ratio of 1.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for First Metro Bank held steady from 1.09% as of December 31, 2012 to 1.77% as of December 31, 2013, resulting in a negative change of 61.72%. This indicates that the balance sheet and financial strength for First Metro Bank has held steady in recent periods.
In the past year, First Metro Bank has increased its total deposits by $19.6 million, resulting in 4.43% 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.
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 $512.08 million in assets with $51.02 million in equity, resulting in a capitalization level of 9.96%, which is above average.
|FDIC Certificate #||27381|
|Assets and Liabilities|
|Equity Capital||$47.82 million|
|Loan Loss Allowance||$3.20 million|
|Unbacked Noncurrent Loans||$590,000|
|Real Estate Owned||$312,000|
|Historic Data - December 2012|
|Equity Capital||$50.35 million|
|Loan Loss Allowance||$2.42 million|
|Unbacked Noncurrent Loans||$590,000|
|Real Estate Owned||$411,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.78%|
|Return on Assets||1.43%|
|Return on Equity||14.47%|
|Interest Income||$20.67 million|
Sorry, we do not have rate data for First Metro Bank
|First Metro Bank Locations|
|Lexington Branch||11277 Highway 101||Lexington, AL 35648|
|Russellville Branch||15315 Highway 43||Russellville, AL 35653|
|Florence Branch||2708 Hough Road||Florence, AL 35630|
|Main Street Branch||301 North Main Street||Tuscumbia, AL 35674|
|Pine Street Branch||304 South Pine Street||Florence, AL 35630|
|Cloverdale Road Branch||3121 Cloverdale Road||Florence, AL 35633|
|First Metro Bank||406 West Avalon Avenue||Muscle Shoals, AL 35661|
|Highway 43 Branch||7400 Highway 43||Florence, AL 35634|