US Metro Bank Announces First Quarter 2019 Financial Results 41% Annual Increase in Deposits 25% Annual Increase in Loans

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Garden Grove, California: April 30, 2019: US Metro Bank (OTC Pink: USMT) Mr. Dong Il Kim, President and CEO, announced the bank’s financial results for the first quarter 2019, reporting year over year deposit growth of $112.0 million or 41%. The opening of the Bank’s Fullerton Branch in early December 2018 accounted for $43.5 million of the total deposit growth. Loans grew 25% from a year earlier helping the Net Interest Income increase $1.1 million or 37% for the first quarter. Net SBA premium income recorded a significant decrease over the same first quarter of last year declining $726 thousand or 56% on lower SBA origination volumes during the first quarter 2019. The resulting net income of $931,000 for the three months ending March 31, 2019 compares to $1,193,000 reported for the same three months in 2018, a year over year decrease of $262 thousand or 22%. Earnings per share (EPS) of $0.06 per share on 16,230,000 shares for the quarter ended March 31, 2019 compares to EPS of $0.07 per share on 16,230,000 shares for the same time period in 2018.

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