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Mountain Commerce Bancorp, Inc. reports news as the OTCQX-traded holding company for Mountain Commerce Bank, a century-old state-chartered community bank based in Knoxville, Tennessee. The bank serves Middle and East Tennessee through branches in markets including Brentwood, Erwin, Johnson City, Knoxville and Unicoi, with a relationship-banking focus for small and medium-sized businesses, professionals and individual customers.
Recurring MCBI news covers quarterly operating results, net interest income, asset quality, capital ratios, cash dividends and expense trends. Company updates also include capital-management actions such as share repurchase authorizations, senior debt and revolving credit facilities, as well as governance and leadership changes at the holding company and bank level.
Mountain Commerce Bancorp (OTCQX: MCBI) announced that Home BancShares has received regulatory approvals to merge with the company.
The Board of Governors of the Federal Reserve and the Arkansas State Bank Department approved Home BancShares' applications and the related merger of Mountain Commerce Bank into Centennial Bank. Closing is expected early in the second quarter of 2026, subject to remaining closing conditions in the merger agreement.
Mountain Commerce Bancorp (OTCQX: MCBI) shareholders voted to approve a merger with Home Bancshares. The vote clears a key shareholder step; the transaction remains subject to remaining closing conditions.
The companies expect the merger to close early in the second quarter of 2026, contingent on satisfaction of the agreement's closing conditions.
Mountain Commerce Bancorp (OTCQX: MCBI) reported results for the three and twelve months ended December 31, 2025 and declared a quarterly cash dividend of $0.07 per share payable March 2, 2026 (record date Feb 2, 2026).
Key 12-month metrics: GAAP net income $11.187M, diluted EPS $1.78, adjusted ROAA 0.67%, adjusted ROAE 8.60%, and tax-equivalent net interest margin 2.44%. Tangible book value per share rose to $22.80 (10.15% YoY). The company recorded a $0.6M provision for credit losses in Q4 and noted higher Q4 noninterest expense tied to merger-related items and property repairs.
The company entered an all-stock merger agreement with Home Bancshares (exchange ratio 0.85 Home shares per MCBI share), expected to close early in H1 2026, subject to approvals.
Mountain Commerce Bancorp (OTCQX: MCBI) reported third-quarter 2025 results and declared a quarterly cash dividend of $0.07 per share, payable Dec 1, 2025 to holders of record Nov 3, 2025. For Q3 2025 the company reported net income $3.898M, diluted EPS $0.62, adjusted ROAA 0.86%, adjusted ROAE 10.92%, and tax-equivalent net interest margin of 2.50%. Nine-month net income was $8.883M with diluted EPS $1.41. Tangible common equity to tangible assets rose to 7.94% and the bank leverage ratio was 9.22%. Non-performing assets increased to $10.449M (0.58% of assets).
Mountain Commerce Bancorp (OTCQX: MCBI) announced significant leadership changes across its executive team. Kevin W. Horne, the Bank's current chief credit officer and chief banking officer, has been appointed as president of the Bank, while William E. Edwards III continues as CEO.
The company also announced that CFO David Bright will depart on August 15, 2025, with Controller Wesley Lemon stepping in as interim CFO. Additionally, Marie Patterson was promoted to chief administrative officer, and Christie Wininger will replace retiring corporate secretary Regenia Ellis effective August 1, 2025.
Under the current leadership, the Bank has grown from $300 million to $1.8 billion in assets, with over $800 million in growth during Bright's five-year tenure.
Mountain Commerce Bancorp (OTCQX: MCBI) reported Q2 2025 financial results, highlighting improved performance metrics and announcing its nineteenth consecutive quarterly dividend of $0.07 per share. The company secured a new $25 million senior revolving line of credit on July 15, 2025, replacing its existing $10 million facility.
Key Q2 2025 metrics include: adjusted return on average assets of 0.68% (up from 0.50% in Q1), net interest margin of 2.40% (improved from 2.31% in Q1 and 2.00% year-over-year), and net income of $2.8 million ($0.45 per diluted share). The bank's tangible common equity ratio strengthened to 7.66%, with a bank regulatory leverage ratio of 9.22%.
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.