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Mountain Commerce Bancorp, Inc. (MCBI) delivers trusted community banking services across Tennessee with over 100 years of operational excellence. This page provides investors and stakeholders with centralized access to official company announcements, financial disclosures, and strategic developments.
Track MCBI's latest earnings reports, leadership updates, and regulatory filings alongside insights into its relationship-driven banking model. Our curated news feed ensures you stay informed about loan portfolio performance, dividend decisions, and initiatives supporting local businesses.
Key updates include quarterly financial results, branch network expansions, risk management practices, and community impact programs. All content is verified through primary sources to maintain accuracy and compliance with financial reporting standards.
Bookmark this page for real-time access to MCBI's evolving story as it continues balancing traditional banking strengths with modern financial service demands in Middle and East Tennessee markets.
Mountain Commerce Bancorp (OTCQX: MCBI) has reported its Q1 2025 financial results, showing improvements in key metrics. The company's net interest margin increased to 2.31% from 2.29% in Q4 2024, while cost of funds decreased by 18 basis points to 3.30%. Net income rose to $2,179,000, with diluted earnings per share of $0.35.
The bank maintains strong asset quality with non-performing loans at just 0.06% of total loans and an allowance coverage ratio exceeding 12x. The Board declared a quarterly cash dividend of $0.07 per share, representing a 40% increase from the previous quarter. The company's tangible common equity ratio improved to 7.60%, with the Bank's leverage ratio at 9.35%.
Notable metrics include noninterest expense to average assets at 1.50%, approximately half that of peer banks. The company expects continued improvement in earnings throughout 2025, contingent on stable macro-economic conditions.
Mountain Commerce Bancorp (OTCQX: MCBI) reported its Q4 2024 results, showing improvements in key metrics. The company's net interest margin increased from 2.08% in Q3 2024 to 2.29% in Q4 2024, with December finishing at 2.38%. Net income for Q4 2024 was $2.092 million, compared to a loss of $376,000 in Q4 2023.
The bank maintained strong asset quality with non-performing loans at 0.09% of total loans and an allowance coverage ratio over 8x. The tangible common equity ratio improved to 7.58% from 7.07% year-over-year. The Board declared a quarterly cash dividend of $0.05 per share, payable March 3, 2025.
Loan yields increased to 5.92% in Q4 2024, while cost of funds decreased to 3.48%. Total assets grew slightly to $1.746 billion, with loans receivable increasing by $10.2 million to $1.463 billion. The company expects continued improvement in net interest margin throughout 2025.
Mountain Commerce Bancorp (MCBI) announced its Q3 2024 results and a quarterly dividend of $0.05 per share, payable on December 2, 2024, to shareholders of record on November 4, 2024. The company reported a net income of $2.99 million, up from $2.47 million in Q3 2023, and diluted earnings per share of $0.48, an increase from $0.40. The net interest margin improved to 2.08%, and the average yield on taxable loans increased to 5.89%. Non-performing assets remained low at 0.08% of total assets. Liquidity was strong with over $100 million in available funding sources. Noninterest expenses rose to $6.51 million, driven by increased occupancy and data processing costs. The tangible common equity to tangible assets ratio improved to 7.50%. The company anticipates continued improvement in net interest margin through 2025.
Mountain Commerce Bancorp (OTCQX: MCBI) released its Q2 2024 results and announced a quarterly cash dividend of $0.05 per share.
Key figures include a net interest margin improvement to 2.00%, net income of $2.32 million, and an earnings per share (EPS) of $0.37. The bank also reported a decline in noninterest expenses to 1.36% of average assets, with strong asset quality and liquidity.
For the six months ended June 30, 2024, net income was $3.84 million and EPS was $0.61. The company saw a decline in net interest income by 17.5% year-over-year, while noninterest income increased to $1.5 million from $0.8 million.
Key highlight was the opening of a new financial center in Johnson City, aiding potential growth in the TriCities market. The dividend is payable on September 2, 2024, to shareholders of record as of August 5, 2024.
Mountain Commerce Bank (MCB), a subsidiary of Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), has opened its new Johnson City Financial Center on July 1, 2024. This is Johnson City's second MCB location, complementing the existing Bristol Highway office. The new two-story facility, strategically located at exit 17 off I-26, offers a wide range of personal and business banking services, including deposits, loans, mortgage products, wealth management, and investments.
The bank emphasizes its commitment to Responsive Relationship Banking, providing customers with dedicated bankers who are readily accessible and familiar with their needs. The new center features modern amenities, including an interactive teller machine (ITM) and drive-thru. A grand opening and ribbon-cutting ceremony is scheduled for August 22, 2024, from 11:00 a.m. to 1:30 p.m.
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