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Overview / Commentary
212-659-0600
99 Park Avenue, 4th Floor
New York, NY 10016

Metropolitan Commercial Bank is headquartered in New York and is the 65th largest bank in the state of New York. It is also the 1,031st largest bank in the nation. It was established in 1999 and as of March of 2014, it had grown to 132 employees at 6 locations. Metropolitan Commercial Bank's money market rates are 48% higher than the national average, and it has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Metropolitan Commercial Bank had $8.31 million in non-current loans and owned real-estate with $87.67 million in equity and loan loss allowances on hand to cover it. This gives Metropolitan Commercial Bank a Texas Ratio of 9.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Metropolitan Commercial Bank experienced no significant changes from 8.51% as of March 31, 2013 to 9.48% as of March 31, 2014, resulting in a negative change of 11.42%. This indicates that the balance sheet and financial strength for Metropolitan Commercial Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Metropolitan Commercial Bank has increased its total deposits by $54.46 million, resulting in 12.23% 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 Metropolitan Commercial Bank has shown is excellent.

Capitalization

GRADE:
A+

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. Metropolitan Commercial Bank has $662.72 million in assets with $87.67 million in equity, resulting in a capitalization level of 13.23%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34699
Year Established1999
Employees132
Primary RegulatorFED
Assets and Liabilities
Assets$662.72 million
Loans$525.44 million
Deposits$499.79 million
Equity Capital$80.04 million
Loan Loss Allowance$7.63 million
Unbacked Noncurrent Loans$8.31 million
Real Estate Owned$0
Historic Data - March 2013
Assets$591.14 million
Equity Capital$76.90 million
Loan Loss Allowance$8.41 million
Unbacked Noncurrent Loans$8.31 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.37%
Return on Assets0.12%
Return on Equity0.96%
Interest Income$6.23 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Metropolitan Commercial Bank, we are a rate comparison website and can not provide official rates or promotions.

Metropolitan Commercial Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$75k-Personal Savings
0.35%$75k-Business Savings
0.35%$75k-IRA Statement Savings
0.20%$2,500-Attorney Escrow

Metropolitan Commercial Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$100k-Business Money Market
0.65%$100k-Personal Money Market

Metropolitan Commercial Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$10k-Business Now Account
0.20%$1k-Consumer Now Account

Metropolitan Commercial Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-60 Month CD
1.25%$1k-Business 60 Month CD
0.95%$1k-48 Month CD
0.95%$1k-Business 48 Month CD
0.91%$1k-36 Month CD
0.91%$1k-Business 36 Month CD
0.75%$1k-24 Month CD
0.75%$1k-Business 24 Month CD
0.70%$1k-18 Month CD
0.70%$1k-Business 18 Month CD
0.60%$1k-12 Month CD
0.60%$1k-Business 12 Month CD
0.30%$1k-6 Month CD
0.30%$1k-Business 6 Month CD
0.20%$1k-5 Month CD
0.20%$1k-Business 5 Month CD
0.15%$1k-3 Month CD
0.15%$1k-Business 3 Month CD

Metropolitan Commercial Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-5 Year IRA
0.91%$1k-3 Year IRA
0.75%$1k-2 Year IRA
0.60%$1k-1 Year IRA
Locations


Metropolitan Commercial Bank Locations
1359 Broadway Branch1359 BroadwayNew York, NY 10018
16 West 46th Street Branch16 West 46th StreetNew York, NY 10036
Boro Park Branch5101 13th AveBrooklyn, NY 11219
Www.metropolitanbankny.com Branch99 Park AvenueNew York, NY 10016
Metropolitan National Bank99 Park Avenue, 4th FloorNew York, NY 10016
New York Branch99 Park Avenue, Ground FloorNew York, NY 10016