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Metro City Bank

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Deposit Rates - August 8, 2022

SAVINGS RATES APY MIN
Savings
0.50% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.33% $10,000 Compare
6 Mo CD
0.33% $100,000 Compare
Special: 11 Mo CD
0.58% $1,000 Compare
12 Mo CD
0.33% $10,000 Compare
12 Mo CD
0.33% $100,000 Compare
18 Mo CD
0.33% $10,000 Compare
18 Mo CD
0.33% $100,000 Compare
24 Mo CD
0.33% $10,000 Compare
24 Mo CD
0.33% $100,000 Compare
36 Mo CD
0.33% $10,000 Compare
36 Mo CD
0.33% $100,000 Compare
48 Mo CD
0.33% $10,000 Compare
48 Mo CD
0.33% $100,000 Compare
60 Mo CD
0.33% $10,000 Compare
60 Mo CD
0.33% $100,000 Compare
MM RATES APY MIN
Money Market
0.30% $2,500 Compare
Money Market
0.30% $10,000 Compare
Money Market
0.63% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.30% $2,500
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Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58181
Date Established 2006
Assets $ 3.15 billion
Loans $ 2.54 billion
Deposits $ 2.43 billion
Capital $ 300.62 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 418.53 million
Interest-bearing balances $ 396.39 million
Total securities $ 34.91 million
Federal funds sold and reverse repurchase $ 5.74 million
Net loans and leases $ 2.54 billion
Loan loss allowance $ 16.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.56 million
Goodwill and other intangibles $ 17.48 million
All other assets $ 105.93 million
     Total Assets $ 2.85 billion

LIABILITIES
Total deposits $ 2.43 billion
      Interest-bearing deposits $ 1,775.63 million
      Deposits held in domestic offices $ 2.43 billion
      % insured (estimated) 72.60%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 380.41 million
Subordinated debt N.A.
All other liabilities $ 37.94 millionn
      Total Liabilities $ 2.85 billion
      Shareholders’ Equity $ 300.62 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 31.55 million
Total Interest Expense $ 1.31 million
Net interest income $ 30.24 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 8.09 million
Total non interest expense $ 11.77 million
Pre-tax Net Operating Income $ 26.45 million

Metro City Bank is an FDIC insured institution headquartered at 5114 Buford Hwy, Doraville, GA 30340.
It was founded in 2006 and has approximately $3 billion in assets. Customers can open an account at one of its 15 branches.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Metro City Bank
    Bank
    GEORGIA
    $50,000
    6 Month
    0.33%
    1.21x (National Avg. - 0.27%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.33%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 165 116
    2 50,165 166 116
    3 50,331 166 116
    4 50,497 167 117
    5 50,663 167 117
    6 50,830 168 117
    7 50,998 168 118
    8 51,166 169 118
    9 51,335 169 119
    10 51,505 170 119
    11 51,675 171 119
    12 51,845 171 120
    13 52,016 172 120
    14 52,188 172 121
    15 52,360 173 121
    16 52,533 173 121
    17 52,706 174 122
    18 52,880 175 122
    19 53,055 175 123
    20 53,230 176 123
    TOTAL $3,406 $2,384
  • 2
    ONLINE CD
    Hingham Savings , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    1.65%
    4.03x (National Avg. - 0.41%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.65%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 825 578
    2 50,825 839 587
    3 51,664 852 597
    4 52,516 867 607
    5 53,383 881 617
    6 54,263 895 627
    7 55,159 910 637
    8 56,069 925 648
    9 56,994 940 658
    10 57,934 956 669
    11 58,890 972 680
    12 59,862 988 691
    13 60,850 1,004 703
    14 61,854 1,021 714
    15 62,874 1,037 726
    16 63,912 1,055 738
    17 64,966 1,072 750
    18 66,038 1,090 763
    19 67,128 1,108 775
    20 68,235 1,126 788
    TOTAL $19,361 $13,553
  • 3
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    24 Month
    2.76%
    5.16x (National Avg. - 0.54%)
    $500
    -
    SCENARIO
    Year Rate
    2.76%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,380 966
    2 51,380 1,418 993
    3 52,798 1,457 1,020
    4 54,255 1,497 1,048
    5 55,753 1,539 1,077
    6 57,292 1,581 1,107
    7 58,873 1,625 1,137
    8 60,498 1,670 1,169
    9 62,167 1,716 1,201
    10 63,883 1,763 1,234
    11 65,646 1,812 1,268
    12 67,458 1,862 1,303
    13 69,320 1,913 1,339
    14 71,233 1,966 1,376
    15 73,199 2,020 1,414
    16 75,220 2,076 1,453
    17 77,296 2,133 1,493
    18 79,429 2,192 1,535
    19 81,621 2,253 1,577
    20 83,874 2,315 1,620
    TOTAL $36,189 $25,332
  • 4
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    36 Month
    3.06%
    4.84x (National Avg. - 0.63%)
    $500
    -
    SCENARIO
    Year Rate
    3.06%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,530 1,071
    2 51,530 1,577 1,104
    3 53,107 1,625 1,138
    4 54,732 1,675 1,172
    5 56,407 1,726 1,208
    6 58,133 1,779 1,245
    7 59,912 1,833 1,283
    8 61,745 1,889 1,323
    9 63,634 1,947 1,363
    10 65,581 2,007 1,405
    11 67,588 2,068 1,448
    12 69,656 2,131 1,492
    13 71,788 2,197 1,538
    14 73,985 2,264 1,585
    15 76,249 2,333 1,633
    16 78,582 2,405 1,683
    17 80,986 2,478 1,735
    18 83,465 2,554 1,788
    19 86,019 2,632 1,843
    20 88,651 2,713 1,899
    TOTAL $41,364 $28,954
  • 5
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    12 Month
    2.51%
    6.14x (National Avg. - 0.41%)
    $500
    -
    SCENARIO
    Year Rate
    2.51%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,255 879
    2 51,255 1,287 901
    3 52,542 1,319 923
    4 53,860 1,352 946
    5 55,212 1,386 970
    6 56,598 1,421 994
    7 58,019 1,456 1,019
    8 59,475 1,493 1,045
    9 60,968 1,530 1,071
    10 62,498 1,569 1,098
    11 64,067 1,608 1,126
    12 65,675 1,648 1,154
    13 67,323 1,690 1,183
    14 69,013 1,732 1,213
    15 70,745 1,776 1,243
    16 72,521 1,820 1,274
    17 74,341 1,866 1,306
    18 76,207 1,913 1,339
    19 78,120 1,961 1,373
    20 80,081 2,010 1,407
    TOTAL $32,091 $22,464


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