Metropolitan Commercial Bank


Metropolitan Commercial Bank is an FDIC insured institution headquartered at 99 Park Ave, New York, NY 10016.
It was founded in 1999 and has approximately $7 billion in assets. Customers can open an account at one of its 7 branches.

Deposit Rates - December 30, 2024

SAVINGS RATES APY MIN
Savings
0.20% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.30% $10,000 Compare
6 Mo CD
0.30% $100,000 Compare
12 Mo CD
0.50% $10,000 Compare
12 Mo CD
0.50% $100,000 Compare
18 Mo CD
0.60% $10,000 Compare
18 Mo CD
0.60% $100,000 Compare
24 Mo CD
0.75% $10,000 Compare
24 Mo CD
0.75% $100,000 Compare
36 Mo CD
0.90% $10,000 Compare
36 Mo CD
0.90% $100,000 Compare
48 Mo CD
0.95% $10,000 Compare
48 Mo CD
0.95% $100,000 Compare
60 Mo CD
1.00% $10,000 Compare
60 Mo CD
1.00% $100,000 Compare
MM RATES APY MIN
Money Market
0.05% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.05% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $1
Int Ckg
0.05% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34699
Date Established 1999
Assets $ 7.26 billion
Loans $ 5.78 billion
Deposits $ 6.21 billion
Capital $ 696.59 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 244.66 million
Interest-bearing balances $ 226.51 million
Total securities $ 956.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 5.78 billion
Loan loss allowance $ 60.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 9.73 million
All other assets $ 164.75 million
     Total Assets $ 6.57 billion

LIABILITIES
Total deposits $ 6.21 billion
      Interest-bearing deposits $ 4.29 billion
      Deposits held in domestic offices $ 6.21 billion
      % insured (estimated) 74.89%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 32.04 million
Subordinated debt N.A.
All other liabilities $ 44.94 millionn
      Total Liabilities $ 6.57 billion
      Shareholders’ Equity $ 696.59 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 228.10 million
Total Interest Expense $ 106.09 million
Net interest income $ 122.01 million
Provision for loan and lease losses $ 2.07 million
Total non interest income $ 13.17 million
Total non interest expense $ 81.73 million
Pre-tax Net Operating Income $ 61.64 million

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Branches

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Metropolitan Commercial Bank Locations