First Metro Bank
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Data as of · sourced from FFIEC call reports. How we update
First Metro Bank is an FDIC-insured commercial bank headquartered in Muscle Shoals, AL, established in 1988 (FDIC certificate 27381), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.01B, up 1.4% from Q2 2025, the 18th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.98% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 27381
- Headquarters
- Muscle Shoals, AL
- Established
- 1988
- Total assets, Q2 2026
- $1.01B
- Assets vs Q2 2025
- +1.4%
- Tier 1 leverage ratio, Q2 2026
- 12.98%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 062203955
- Holding company
- FIRST METRO BANCORP
- Asset rank in state
- 18th of 93 in Alabama
First Metro Bank runs leaner than most banks of its size. It reported $1.0 billion in assets at June 30, 2026, up 1.4% from a year earlier. It spends about 44 cents to bring in each dollar of revenue, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). It also carries problem assets equal to 1.0% of the capital and reserves that would absorb them, a small fraction of the median of 3.6% for banks its size.
Loans and deposits moved in opposite directions: over the year loans rose 6.5% and deposits fell 0.0%. Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.13% of loans from 0.38%.
As of June 30, 2026, First Metro Bank reported a return on assets of 1.63%, a nonperforming-loan ratio of 0.13% and a Texas ratio of 0.96%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Metro Bank is the 18th largest of the 93 banks headquartered in Alabama. Between Q1 2026 and Q2 2026, its total assets rose 0.3% to $1.01B, loans rose 1.4% and deposits fell 0.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 30.8% of total loans, ahead of owner-occupied commercial real estate loans at 14.4%. Its 11 offices in the FDIC Summary of Deposits are in 6 cities in AL; its Muscle Shoals 2 offices book 45% of its branch deposits. Judged on its Q2 2026 call report, First Metro Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 406 Avalon Ave, Muscle Shoals, AL 35661
- County
- Colbert
- Metro Area
- Florence-Muscle Shoals, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- November 7, 1988
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 133
- Domestic deposits
- $893.7M
- Allowance for credit losses
- $5.9M
- Net charge-offs (YTD)
- $657K
- Average total assets
- $1.03B
- Average total loans
- $597.4M
- Average interest-bearing deposits
- $755.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 7, 1988
- FDIC Cert
- 27381
- Fed RSSD
- 1222519
- Website
- http://www.firstmetro.com →
- Parent Holding Company
- FIRST METRO BANCORP (RSSD 1980846)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, First Metro Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First Metro Bank's total assets moved between a low of $953.1M (Q3 2023) and a high of $1.01B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.01B total assets against $998.3M; $898.7M total liabilities against $899.2M.
$593.8M net loans and leases against $556.5M; $893.7M total deposits against $893.9M.
$258.5M securities against $225.1M; $106.2M cash and balances due against $164.3M.
$12.9M total interest income against $12.6M; $3.7M total interest expense against $3.4M.
$9.2M net interest income against $9.2M.
$1.1M total noninterest income against $1.1M; $4.5M total noninterest expense against $4.4M.
$71K provision for credit losses against $3K.
$4.2M net income against $4.4M.
1.63% return on assets against 1.71%; 3.64% net interest margin against 3.70%.
12.98% tier 1 leverage ratio against 12.04%.
Inside the full First Metro Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Metro Bank rankings
Its closest position to the top of a national ranking is 374 of 3,606, for efficiency ratio; its furthest is 2,700 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.48% (Q4 2024) to 1.75% (Q4 2025) and its net interest margin ran from 3.49% (Q1 2025) to 3.79% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.98% | 1.63% | 0.13% | 0.96% | 3.64% |
| Q1 2026 | 12.70% | 1.55% | 0.10% | 0.82% | 3.49% |
| Q4 2025 | 12.45% | 1.75% | 0.10% | 0.80% | 3.79% |
| Q3 2025 | 12.48% | 1.72% | 0.10% | 0.83% | 3.79% |
| Q2 2025 | 12.04% | 1.71% | 0.38% | 2.31% | 3.70% |
| Q1 2025 | 11.69% | 1.51% | 0.02% | 0.37% | 3.49% |
| Q4 2024 | 11.49% | 1.48% | 0.23% | 1.40% | 3.59% |
| Q3 2024 | 11.49% | 1.61% | 0.08% | 0.45% | 3.60% |
Swipe the table sideways to see every column.
Branch Network
View all 11 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Metro Bank (main office) | Muscle Shoals , AL | 35661 | $394.7M |
| Main Street Branch | Tuscumbia , AL | 35674 | $169.6M |
| Pine Street Branch | Florence , AL | 35630 | $109.5M |
| Lexington Branch | Lexington , AL | 35648 | $61.1M |
| Russellville Branch | Russellville , AL | 35653 | $45.0M |
| Florence Branch | Florence , AL | 35630 | $28.0M |
| Highway 43 Branch | Florence , AL | 35634 | $27.0M |
| Cloverdale Road Branch | Florence , AL | 35633 | $24.0M |
| Athens Branch | Athens , AL | 35611 | $17.7M |
| Gateway Boulevard Branch | Athens , AL | 35613 | $9.0M |
| Avalon Branch | Muscle Shoals , AL | 35661 | $8.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.6% of deposits in AL, rank 30 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 227 applications, 179 loans originated, $40.7M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $50K approved, $50K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Metro Bank
What are First Metro Bank's total assets?
As of the Q2 2026 filing, First Metro Bank reported total assets of $1.01 billion in its FFIEC call report.
Where is First Metro Bank headquartered?
It is headquartered in Muscle Shoals, AL, United States.
When was First Metro Bank founded?
It was established in 1988, per the FDIC institution directory.
Is First Metro Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #27381). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Metro Bank?
First Metro Bank's primary federal regulator is the FDIC.
How many branches does First Metro Bank operate?
It operates 11 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Metro Bank's Texas Ratio?
Its Texas Ratio is 0.96% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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