Metro Bank of Dade County

Headquarters

9350 South Dixie Highway
Miami, FL 33156
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Metro Bank of Dade County is an FDIC insured institution located in Miami, FL. It was founded in 1984 and has approximately $0.4 billion in assets.

Metro Bank of Dade County, Miami, Floridawas closed today by federal and state banking agencies, which then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into purchase and assumption agreements with NAFH National Bank, Miami, Florida, a newly-chartered bank subsidiary of North American Financial Holdings, Inc., Charlotte, North Carolina, to assume all the deposits and essentially all the assets.

FDIC Insured Yes
FDIC Certificate # 25172
Date Established 1984
Assets $ 493.93 million
Loans $ 305.46 million
Deposits $ 416.83 million
Capital $ 28.38 million
 

For a more detailed analysis of Metro Bank of Dade County's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Metro Bank of Dade County

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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2.566% 2.500% 0.88 $2,172 $988 Learn More
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3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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People's United Bank, N.A.
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4.000 %
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Third Federal Savings and Loans
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2.240 %
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Note to Metro Bank of Dade County
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Branches

Metro Bank of Dade County branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Metro Bank of Dade County Locations


Financial Details

Metro Bank of Dade County Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Metro Bank of Dade County. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Metro Bank of Dade County U.S. Bank Average
108.76% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Metro Bank of Dade County had $40,637,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $28,379,000 in equity and $8,985,000 in loans loss reserves. That gives it a Texas Ratio of 108.76%.

Return on Equity
Metro Bank of Dade County U.S. Bank Average
-36.32% 7.80%

Metro Bank of Dade County has a Return on Equity of -36.32% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Metro Bank of Dade County U.S. Bank Average
5.75% 12.68%

Metro Bank of Dade County has a Capitalization of 5.75% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Metro Bank of Dade County Balance Sheet Analysis

As of November 30, -0001, Metro Bank of Dade County had assets of $399,441,000, loans of $305,460,000, and deposits of $416,830,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 305.46 million
Loan loss allowance $ 8.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 416.83 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 493.93 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Metro Bank of Dade County’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Metro Bank of Dade County’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Metro Bank Of Dade County

Branches and Savings

Is Metro Bank Of Dade County FDIC insured?

Yes. It is covered under FDIC Certificate #25172.

Why does Metro Bank Of Dade County pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Metro Bank Of Dade County CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Metro Bank Of Dade County a commercial bank?

Yes

Where are Metro Bank Of Dade County locations?

See branch locations nearby.

Is Metro Bank Of Dade County open on Saturdays?

Is Metro Bank Of Dade County open on Sundays?

What time does Metro Bank Of Dade County open?

What time does Metro Bank Of Dade County close?

Are Metro Bank Of Dade County ATMs Open 24/7?

Do Metro Bank Of Dade County ATMs accept cash deposits?

Can Metro Bank Of Dade County customers use other ATMs?

Do Metro Bank Of Dade County branches have notaries?

Will Metro Bank Of Dade County notarize my document?

What address for Metro Bank Of Dade County should I put for incoming ACH transfers?

Will the Metro Bank Of Dade County branch print checks?

Do Metro Bank Of Dade County checks expire?

Does Metro Bank Of Dade County require US citizenship to open account?

Can Metro Bank Of Dade County close my account?

Does Metro Bank Of Dade County Report to credit bureaus?

Does Metro Bank Of Dade County Use Equifax?

What is Metro Bank Of Dade County's ACH Routing Number?

What is Metro Bank Of Dade County's SWIFT code?

Products

Does Metro Bank Of Dade County offer mortgages?

Compare mortgage rates here.

Does Metro Bank Of Dade County offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Metro Bank Of Dade County offer personal loans?

Compare personal loan rates here.

Does Metro Bank Of Dade County offer student loans?

Will Metro Bank Of Dade County cash a check?

Will Metro Bank Of Dade County redeem a savings bond?

Does Metro Bank Of Dade County cash savings bonds?

Will Metro Bank Of Dade County cash money orders?

Can Metro Bank Of Dade County issue a money order?

Does Metro Bank Of Dade County do currency exchange?

Background on The Bank

Who owns Metro Bank Of Dade County?

How long has Metro Bank Of Dade County been around?

Can Metro Bank Of Dade County transfer to other banks?

Does Metro Bank Of Dade County have quick pay?

Does Metro Bank Of Dade County accept rolled coins?

Will Metro Bank Of Dade County accept loose change?

Where is Metro Bank Of Dade County headquarters?

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