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MetroCorp Bancshares, Inc. Announces Net Income of $2.9 Million for Third Quarter 2012, an Increase of 27% from Third Quarter



  MetroCorp Bancshares, Inc. Announces Net Income of $2.9 Million for Third
  Quarter 2012, an Increase of 27% from Third Quarter 2011. EPS of $0.15 per
            Diluted Share Increased 15.4% from Third Quarter 2011

PR Newswire

HOUSTON, Oct. 19, 2012

HOUSTON, Oct. 19, 2012 /PRNewswire/ -- MetroCorp Bancshares, Inc.
(Nasdaq:MCBI), a Texas corporation, which provides community banking services
through its subsidiaries, MetroBank, N.A., serving Texas, and Metro United
Bank, serving California, today announced the operating results for the third
quarter of 2012.

(Logo: http://photos.prnewswire.com/prnh/20110119/MM32884LOGO)

Financial Highlights

  o Net income of $2.9 million for the third quarter of 2012 improved 27.0%
    compared with $2.3 million for the third quarter of 2011.
  o Earnings per diluted share of $0.15 for the third quarter of 2012
    increased 15.4% compared with $0.13 for the third quarter of 2011.
  o Total nonperforming assets ("NPA") at September 30, 2012 declined $15.7
    million or 24.5% to $48.2 million compared with $63.9 million at December
    31, 2011, and declined $379,000 or 0.8% compared with $48.6 million at
    June 30, 2012. 
  o The ratio of nonperforming assets to total assets declined to 3.16% at
    September 30, 2012 compared with 4.27% at December 31, 2011, and increased
    slightly from 3.13% at June 30, 2012.
  o Net interest margin was 3.84% for the third quarter of 2012 compared with
    3.83% for the third quarter of 2011, and 3.82% for the second quarter of
    2012.
  o Total risk-based capital ratio increased to 17.68% at September 30, 2012
    compared with 17.30% at December 31, 2011.

George M. Lee, Executive Vice Chairman, President and CEO of MetroCorp
Bancshares, Inc. stated, "The Company's third quarter 2012 performance was in
line and consistent with management's 2012 annual objectives. Our goal for
2012 was to establish a solid platform for the years ahead, and management is
pleased with the Company's third quarter performance.  Net income of $2.9
million, linked-quarter loan growth of $2.6 million, nonperforming assets at
$48.2 million and net interest margin at 3.84% for the third quarter of 2012
were all modestly ahead or stable on a linked-quarter basis as compared to the
second quarter of 2012.

"The loan pipeline going forward is solid; however competition is fierce in
both the Texas and California markets.  Management will strive to complete the
year 2012 toward our target of mid-high, single-digit loan growth compared
with year end 2011, and a ratio of nonperforming assets to total assets below
3%." 

Interest income and expense 
Net interest income for the three months ended September 30, 2012 was $13.6
million, an increase of $123,000 or 0.9% compared with $13.5 million for the
same period in 2011. The increase for the three months ended September 30,
2012 was due primarily to lower cost and volume of deposits, partially offset
by a decline in the yield on average total loans. Net interest income for the
nine months ended September 30, 2012 was $40.9 million, an increase of
$464,000 or 1.1% compared with $40.5 million for the same period in 2011. The
increase for the nine months ended September 30, 2012 was due primarily to
lower cost and volume of deposits, partially offset by a decline in the yield
and volume on average total loans.  On a linked-quarter basis, net interest
income remained consistent at $13.6 million for the three months ended
September 30, 2012 and June 30, 2012. 

The net interest margin for the three months ended September 30, 2012 was
3.84%, an increase of one basis point compared with 3.83% for the same period
in 2011. The yield on average earning assets decreased 23 basis points, and
the cost of average earning assets decreased 24 basis points for the same
periods.  On a linked-quarter basis, the net interest margin for the three
months ended September 30, 2012 increased two basis points compared with 3.82%
for the three months ended June 30, 2012. The yield on average earning assets
decreased two basis points, and the cost of average earning assets decreased
four basis points compared with June 30, 2012.  

The net interest margin for the nine months ended September 30, 2012 was
3.87%, an increase of six basis points compared with 3.81% for the same period
in 2011. The yield on average earning assets decreased 21 basis points, and
the cost of average earning assets decreased 27 basis points for the same
periods. 

Interest income for the three months ended September 30, 2012 was $16.0
million, down $739,000 or 4.4% compared with $16.8 million for the same period
in 2011, primarily due to lower yields on loans and securities.  Average
earning assets increased $9.9 million or 0.7% to $1.41 billion for the third
quarter of 2012, compared with $1.40 billion for the same period in 2011, due
to growth in securities and loans, partially offset by a decrease in federal
funds sold and other short-term investments.  Average total loans for the
third quarter of 2012 were $1.07 billion or 0.4% higher than $1.06 billion for
the third quarter of 2011. The yield on average earning assets for the third
quarter of 2012 was 4.51% compared with 4.74% for the third quarter of 2011.

Interest income for the nine months ended September 30, 2012 was $48.6
million, down $2.4 million or 4.6% compared with $51.0 million for the same
period in 2011, primarily due to lower volume and yield on loans, and a lower
yield on securities, partially offset by an increase in the yield of federal
funds sold and other short-term investments.  Average earning assets decreased
$5.0 million or 0.4% to $1.41 billion for nine months ended September 30,
2012, compared with $1.42 billion for the same period in 2011.  Average total
loans decreased $28.1 million or 2.6% to $1.06 billion for the nine months
ended September 30, 2012 compared with $1.09 billion for the nine months ended
September 30, 2011. The yield on average earning assets for the nine months
ended September 30, 2012 was 4.59% compared with 4.80% for the nine months
ended September 30, 2011.

Interest expense for the three months ended September 30, 2012 was $2.4
million, down $862,000 or 26.6% compared with $3.2 million for the same period
in 2011, primarily due to lower deposit cost and lower volume on time
deposits. Average interest-bearing deposits were $977.8 million for the third
quarter of 2012, a decrease of $30.4 million or 3.0% compared with $1.00
billion for the same period of 2011. The cost of interest-bearing deposits for
the third quarter of 2012 was 0.73% compared with 1.05% for the third quarter
of 2011.  Average other borrowings (excluding junior subordinated debentures)
were $26.0 million for the third quarter of 2012, a decrease of $10.4 million
or 28.5% compared with $36.4 million for the third quarter of 2011.  The cost
of other borrowings for the third quarter of 2012 was 3.78% compared with
2.82% for the third quarter of 2011, primarily due to a reduction of lower
cost short-term borrowings.

Interest expense for the nine months ended September 30, 2012 was $7.7
million, down $2.8 million or 26.8% compared with $10.5 million for the same
period in 2011, primarily due to lower deposit cost and lower volume of time
deposits and other borrowings. Average interest-bearing deposits were $994.0
million for the nine months ended September 30, 2012, a decrease of $32.1
million or 3.1% compared with $1.03 billion for the same period of 2011. The
cost of interest-bearing deposits for the nine months ended September 30, 2012
was 0.80% compared with 1.13% for the nine months ended September 30, 2011. 
Average other borrowings (excluding junior subordinated debentures) were $26.0
million for the nine months ended September 30, 2012, a decrease of $19.0
million or 42.2% compared with $45.0 million for the nine months ended
September 30, 2011.  The cost of other borrowings for the nine months ended
September 30, 2012 was 3.81% compared with 2.39% for the nine months ended
September 30, 2011, primarily due to a reduction of lower cost short-term
borrowings.

Noninterest income and expense
Noninterest income for the three months ended September 30, 2012 was $1.9
million, an increase of $56,000 or 3.1% compared with $1.8 million for the
same period in 2011. The increase for the three months ended September 30,
2012 was primarily due to increases in other noninterest income, letters of
credit commissions and other loan-related fees, partially offset by a decrease
in gains on securities transactions.  Other noninterest income increased
primarily due to a reduction in losses related to the fair value adjustments
on an interest rate derivative, partially offset by a decline in earnings on
foreign exchange transactions and ORE rental income.  Noninterest income for
the nine months ended September 30, 2012 was $5.4 million, an increase of
$389,000 or 7.7% compared with $5.0 million for the same period in 2011. The
increase for the nine months ended September 30, 2012 was primarily due to
increases in service fees and a decline in impairment on securities.

Noninterest expense for the three months ended September 30, 2012 was $11.5
million, an increase of $94,000 or 0.8% compared with $11.4 million for the
same period in 2011. Noninterest expense for the nine months ended September
30, 2012 was $33.8 million, an increase of $553,000 or 1.7% compared with
$33.2 million for the same period in 2011. The increase for the three and nine
months ended September 30, 2012 was mainly due to increases in other
noninterest expense and salaries and employee benefits, partially offset by
decreases in expenses related to ORE, the FDIC assessment and occupancy
expenses.  Other noninterest expense increased primarily due to an increase in
other operational losses.

Salaries and employee benefits expense for the three months ended September
30, 2012 was $6.0 million, an increase of $802,000 or 15.4% compared with $5.2
million for the same period in 2011. The increase was primarily due to
increases in salary expense (as a result of increased lending and credit staff
in both Texas and California), bonus accruals and stock based compensation
costs.  Salaries and employee benefits expense for the nine months ended
September 30, 2012 was $17.9 million, an increase of $2.2 million or 14.2%
compared with $15.7 million for the same period in 2011. The increase was
primarily due to increases in salary expense (as a result of increased lending
and credit staff in both Texas and California), bonus accruals and employee
healthcare costs.

Provision for loan losses
The following table summarizes the provision for loan losses and net
charge-offs as of and for the quarters indicated:

                     September 30,  June 30,    December 31,  September 30,
                      2012           2012       2011          2011
                     (dollars in thousands)
Allowance for Loan
Losses
Balance at
beginning of         $27,311        $28,066     $29,969       $30,393
quarter
Provision for loan   (300)          200         1,275         875
losses for quarter
Net charge-offs for  (1,469)        (955)       (2,923)       (1,299)
quarter
Balance at end of    $25,542        $27,311     $28,321       $29,969
quarter
Total loans          $1,096,855     $1,094,233  $1,044,616    $1,059,165
Allowance for loan
losses to total      2.33%          2.50%       2.71%         2.83%
loans
Net charge-offs to   0.13%          0.09%       0.28%         0.12%
total  loans

For the three months ended September 30, 2012, the provision for loan losses
had a reversal of ($300,000), which represented a decrease of $1.2 million or
134.3% compared with provision for loan losses of $875,000 for the same period
in 2011.  The provision for loan losses for the nine months ended September
30, 2012 was $300,000, a decrease of $2.2 million or 87.8% compared with $2.5
million for the same period in 2011.  On a linked-quarter basis, the provision
for loan losses in the third quarter of 2012 decreased by $500,000 compared
with the provision for loan losses of $200,000 for the second quarter of 2012.
Following the assessment of the allowance for loan losses as of September 30,
2012, management determined that a reduction in the allowance was necessary as
a result of improvement in asset quality year-to-date and a reduction of
classified loans.

Net charge-offs for the three months ended September 30, 2012 were $1.5
million or 0.13% of total loans compared with net charge-offs of $1.3 million
or 0.12% of total loans for the three months ended September 30, 2011. The net
charge-offs for the third quarter of 2012 primarily consisted of $1.5 million
of net charge-offs from Texas and $74,000 of net recoveries from California. 
Net charge-offs for the nine months ended September 30, 2012 were $3.1 million
or 0.28% of total loans compared with net charge-offs of $6.2 million or 0.59%
of total loans for the nine months ended September 30, 2011. The net
charge-offs for the nine months ended September 30, 2012 primarily consisted
of $3.2 million of net charge-offs from Texas and $76,000 of net recoveries
from California.

Asset Quality
The following table summarizes nonperforming assets as of the dates indicated:

                          September 30,  June 30,  December 31,  September 30,
                           2012          2012       2011          2011
                          (dollars in thousands)
Nonperforming Assets
Nonaccrual loans          $              $         $             $        
                           31,454        24,664     31,099        29,664
Accruing loans 90 days    -              62        -             28
or more past due
Troubled debt
restructurings -          4,126          4,126     -             -
accruing
Troubled debt
restructurings -          4,707          5,315     13,763        18,660
nonaccruing
Other real estate         7,915          14,414    19,018        23,844
("ORE")
Total nonperforming       48,202         48,581    63,880        72,196
assets
Total nonperforming       3.16%          3.13%     4.27%         4.82%
assets to total assets

Total nonperforming assets at September 30, 2012 were $48.2 million ($38.1
million from Texas and $10.1 million from California) compared with $63.9
million at December 31, 2011 ($46.2 million from Texas and $17.7 million from
California), a decrease of $15.7 million or 24.5%. The ratio of total
nonperforming assets to total assets decreased to 3.16% at September 30, 2012
from 4.27% at December 31, 2011.

On a linked-quarter basis, total nonperforming assets decreased by $379,000,
which consisted of a $905,000 decrease in California, partially offset by an
increase of $526,000 in Texas.  The decline in California consisted primarily
of decreases of $842,000 in ORE and $54,000 in nonaccrual loans. The increase
in nonperforming assets in Texas was primarily the result of an increase of
$6.8 million in nonaccrual loans, partially offset by decreases of $5.7
million in ORE and $599,000 in Troubled Debt Restructurings ("TDRs").
 Nonaccrual loans in Texas increased primarily due to the reclassification of
$7.6 million of two classified loans to nonaccrual status, partially offset by
$360,000 in paydowns and payoffs and $250,000 in a note sale. Nonaccrual TDRs
decreased primarily due to $386,000 in charge-offs and $171,000 in principal
payments and payoffs. The decrease in nonperforming assets in California
primarily consisted of $54,000 in paydowns on nonaccrual loans and an $842,000
reduction in ORE as a result of sales and writedowns.

On a linked-quarter basis, ORE at September 30, 2012 decreased $6.5 million
compared with June 30, 2012, which included a decrease of $5.7 million in
Texas and $842,000 in California.  The decrease in Texas was primarily the
result of $5.4 million in the sale of six properties and writedowns of
$247,000 on five properties.  The decrease in California was primarily the
result of $351,000 in writedowns on two properties and $491,000 in the sale of
two ORE properties.

Approximately $35.0 million or 96.9% of nonaccrual loans and nonaccruing TDRs
at September 30, 2012 are collateralized by real estate.  Management is
closely monitoring the loan portfolio and actively working on problem loan
resolutions; however uncertain economic conditions could further impact the
loan portfolio.

Management conference call.  On Monday, October 22, 2012, the Company will
hold a conference call at 10:00 a.m. Central (11:00 a.m. Eastern) to discuss
the third quarter 2012 results.  A brief management presentation will be
followed by a question and answer period.  To participate by phone, U.S.
callers may dial 1.877.407.8291  (International callers may dial
1.201.689.8345) and ask for the MetroCorp conference.  The call will be
webcast by Shareholder.com  and can be accessed at MetroCorp's web site at
www.metrobank-na.com.  An audio archive of the call will be available
approximately one hour after the call and will be accessible at
www.metrobank-na.com in the Investor Relations section.

MetroCorp Bancshares, Inc. provides a full range of commercial and consumer
banking services through its wholly owned subsidiaries, MetroBank, N.A. and
Metro United Bank. The Company has thirteen full-service banking locations in
the greater Houston and Dallas, Texas metropolitan areas, and six full service
banking locations in the greater San Diego, Los Angeles and San Francisco,
California metropolitan areas. As of September 30, 2012, the Company had
consolidated assets of $1.5 billion.  For more information, visit the
Company's web site at www.metrobank-na.com.

The statements contained in this release that are not historical facts may
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.  Forward-looking statements describe
the Company's future plans, projections, strategies and expectations, are
based on assumptions and involve a number of risks and uncertainties, many of
which are beyond the Company's control.  Important factors that could cause
actual results to differ materially from the results anticipated or projected
include, but are not limited to, the following: (1) general business and
economic conditions in the markets the Company serves may be less favorable
than expected which could decrease the demand for loan, deposit and other
financial services and increase loan delinquencies and defaults; (2) changes
in the interest rate environment which could reduce the Company's net interest
margin; (3) the failure of or changes in management's assumptions regarding
the adequacy of the allowance for loan losses; (4) an adverse change in the
real estate market in the Company's primary market areas; (5) legislative or
regulatory developments including changes in laws concerning taxes, banking,
securities, insurance and other aspects of the financial services industry;
(6) the effect of compliance, or failure to comply within stated deadlines,
with the provisions of the Formal Agreement between MetroBank and the Office
of the Comptroller of the Currency; (7) increases in the level of
nonperforming assets; (8) changes in the availability of funds which could
increase costs or decrease liquidity; (9) the effects of competition from
other financial institutions operating in the Company's market areas and
elsewhere, including institutions operating locally, regionally, nationally
and internationally, together with such competitors offering banking products
and services by mail, telephone, computer and the Internet; (10) changes in
accounting principles, policies or guidelines; (11) a deterioration or
downgrade in the credit quality and credit agency ratings of the securities in
the Company's securities portfolio; (12) the incurrence and possible
impairment of goodwill associated with an acquisition; (13) the Company's
ability to raise additional capital; (14) the inability to fully realize the
Company's net deferred tax asset; and (15) the Company's ability to adapt
successfully to technological changes to meet customers' needs and
developments in the marketplace. All written or oral forward-looking
statements are expressly qualified in their entirety by these cautionary
statements.  These and other risks and factors are further described from time
to time in the Company's 2011 Annual Report on Form 10-K and other reports and
other documents filed with the Securities and Exchange Commission.

For more information contact:
MetroCorp Bancshares, Inc., Houston
George Lee, Executive Vice Chairman, President & CEO, (713) 776-3876, or
David Choi, Executive Vice President& CFO, (713) 776-3876

 

MetroCorp Bancshares, Inc.
(In thousands, except share amounts)
(Unaudited)
                                                September 30,   December 31,
                                                2012            2011
Consolidated Balance Sheets
Assets
Cash and due from banks                         $               $        
                                                21,998           28,798
Federal funds sold and other short-term         152,913         164,811
investments
       Total cash and cash equivalents          174,911         193,609
Securities available-for-sale, at fair value    178,282         172,389
Securities held-to-maturity, at cost (fair
value $4,773 at September 30, 2012 and $4,536   4,046           4,046
at December 31, 2011)
Other investments                               5,774           6,484
Loans, net of allowance for loan losses of
$25,542 and $28,321 at September 30, 2012 and   1,071,313       1,016,295
December 31, 2011, respectively
Accrued interest receivable                     3,938           4,327
Premises and equipment, net                     4,195           4,697
Goodwill                                        14,327          14,327
Deferred tax asset                              13,902          14,995
Customers' liability on acceptances             6,051           5,152
Foreclosed assets, net                          7,915           19,018
Cash value of bank owned life insurance         32,456          31,427
Prepaid FDIC assessment                         3,902           5,204
Other assets                                    5,076           2,561
   Total assets                                 $               $    
                                                 1,526,088      1,494,531
Liabilities and Shareholders' Equity
Deposits:
 Noninterest-bearing                            $               $      
                                                289,979          259,397
 Interest-bearing                               975,078         992,178
    Total deposits                              1,265,057       1,251,575
Junior subordinated debentures                  36,083          36,083
Other borrowings                                26,000          26,315
Accrued interest payable                        258             310
Acceptances outstanding                         6,051           5,152
Other liabilities                               18,085          9,913
 Total liabilities                              1,351,534       1,329,348
Commitments and contingencies                   -               -
Shareholders' Equity:
 Preferred stock, $1.00 par value, 2,000,000
 shares authorized; no shares and 45,000 shares -               45,003
 issued and outstanding at September 30, 2012
 and December 31, 2011,  respectively
 Common stock, $1.00 par value, 50,000,000
 shares authorized; 18,766,765 and 13,340,815
 shares issued; 18,749,912 and 13,340,815       18,767          13,341
 shares outstanding at Sept. 30, 2012 and
 December 31, 2011, respectively
 Additional paid-in-capital                     74,976          33,816
 Retained earnings                              80,033          73,188
 Accumulated other comprehensive income (loss)  923             (165)
 Treasury stock, at cost                        (145)           -
    Total shareholders' equity                  174,554         165,183
    Total liabilities and shareholders' equity  $               $    
                                                 1,526,088      1,494,531
                                                -               -
Nonperforming Assets and Asset Quality Ratios
Nonaccrual loans                                $               $        
                                                31,454           31,099
Accruing loans 90 days or more past due         -               -
Troubled debt restructurings - accrual          4,126           -
Troubled debt restructurings - nonaccrual       4,707           13,763
Other real estate ("ORE")                       7,915           19,018
Total nonperforming assets                      48,202          63,880
Total nonperforming assets to total assets      3.16          % 4.27         %
Total nonperforming assets to total loans and   4.36          % 6.01         %
ORE
Allowance for loan losses to total loans        2.33          % 2.71         %
Allowance for loan losses to total              63.40         % 63.13        %
nonperforming loans
Net year-to-date charge-offs to total loans     0.28          % 0.88         %
Net year-to-date charge-offs                    $               $          
                                                3,079            9,161
Total loans to total deposits                   86.70         % 83.46        %

 

MetroCorp Bancshares, Inc.
(In thousands, except per share amounts)
(Unaudited)
                               For the Three Months    For the Nine Months
                               Ended Sept 30,          Ended Sept 30,
                               2012        2011        2012        2011
Average Balance Sheet Data
Total assets                   $           $           $           $
                               1,510,577   1,504,893   1,512,667   1,517,897
Securities                     172,739     163,074     180,117     172,631
Total loans                    1,066,352   1,062,275   1,058,782   1,086,860
Allowance for loan losses      27,214      30,718      27,948      32,514
Net loans                      1,039,138   1,031,557   1,030,834   1,054,346
Total interest-earning assets  1,412,727   1,402,822   1,414,710   1,419,697
Total deposits                 1,255,481   1,249,564   1,256,389   1,257,937
Other borrowings and junior    62,083      72,468      62,085      81,091
subordinated debt
Total shareholders' equity     173,370     165,395     176,143     162,740
Income Statement Data
Interest income:
 Loans                         $           $           $           $    
                                14,593      15,364      44,346      46,696
 Securities:
     Taxable                   1,020       1,025       3,051       3,413
     Tax-exempt                145         99          407         296
 Federal funds sold and other  271         280         804         551
 short-term investments
         Total interest        16,029      16,768      48,608      50,956
         income
Interest expense:
 Time deposits                 1,288       1,857       4,194       6,057
 Demand and savings deposits   508         800         1,729       2,647
 Other borrowings              585         586         1,748       1,779
         Total interest        2,381       3,243       7,671       10,483
         expense
Net interest income            13,648      13,525      40,937      40,473
Provision for loan losses      (300)       875         300         2,450
Net interest income after      13,948      12,650      40,637      38,023
provision for loan losses
Noninterest income:
 Service fees                  1,099       1,124       3,347       3,214
 Other loan-related fees       139         89          326         268
 Letters of credit             197         143         584         492
 commissions and fees
 Gain on securities, net       24          203         108         129
 Total other-than-temporary
 impairment ("OTTI") on        (14)        (32)        (101)       (215)
 securities
     Less: Noncredit portion   (7)         (2)         (17)        (20)
     of "OTTI"
         Net impairments on    (7)         (30)        (84)        (195)
         securities
 Other noninterest income      420         287         1,154       1,138
         Total noninterest     1,872       1,816       5,435       5,046
         income
Noninterest expense:
 Salaries and employee         6,016       5,214       17,934      15,702
 benefits
 Occupancy and equipment       1,792       1,896       5,224       5,545
 Foreclosed assets, net        552         1,222       1,915       2,741
 FDIC assessment               480         632         1,362       2,016
 Other noninterest expense     2,689       2,471       7,339       7,217
         Total noninterest     11,529      11,435      33,774      33,221
         expense
Income before provision for    4,291       3,031       12,298      9,848
income taxes
Provision for income taxes     1,410       762         4,023       3,090
Net income                     $           $           $           $      
                                2,881       2,269       8,275       6,758
Dividends and discount -       (20)        (601)       (1,429)     (1,811)
preferred stock
Adjustment from repurchase of  (149)       -           557         -
preferred stock
Net income (loss) applicable   $           $           $           $      
to common stock                 2,712       1,668       7,403       4,947
Per Share Data
Earnings per share - basic     $           $           $           $        
                                0.15        0.13        0.47        0.38
Earnings per share - diluted   0.15        0.13        0.47        0.37
Weighted average shares
outstanding:
 Basic                         18,307      13,145      15,666      13,141
 Diluted                       18,648      13,234      15,876      13,216
 Dividends per common share    $           $           $           $        
                                    -           -           -           -
Performance Ratio Data
Return on average assets       0.76      % 0.60      % 0.73      % 0.60      %
Return on average              6.61      % 5.44      % 6.28      % 5.55      %
shareholders' equity
Net interest margin            3.84      % 3.83      % 3.87      % 3.81      %
Efficiency ratio               71.66     % 74.39     % 70.95     % 72.88     %
Equity to assets (average)     11.48     % 10.99     % 11.64     % 10.72     %

SOURCE MetroCorp Bancshares, Inc.

Website: http://www.metrobank-na.com
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