Complete financial analysis of Mountain Commerce Bancorp, Inc. (MCBI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mountain Commerce Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Mountain Commerce Bancorp, Inc. (MCBI)
About Mountain Commerce Bancorp, Inc.
Mountain Commerce Bancorp, Inc. operates as the holding company for Mountain Commerce Bank that provides banking services for small- and medium-sized businesses, professionals, and affluent individuals. It offers checking and savings accounts; certificates of deposit; and mortgage loans, personal loans and lines of credit, commercial real estate loans, small business administration loans, equipment lending, operating lines of credit, and credit cards. The company also provides private banking, free fraud monitoring, estatement, remote deposit capture, and online banking services; and treasury management solutions. In addition, it offers fee based investment management accounts, such as individual stocks, stock mutual funds, and stock exchange traded funds; individual bonds, bond mutual funds, and fixed income exchange traded funds; and 529 college funding plans, as well as traditional, roth, and simple IRA's. Further, the company provides retirement plan consulting services comprising 401(k) and 403(b) plan design review and search services, fiduciary, investment committee support and guidance, and participant education and newsletters; life insurance for individuals, groups, or estate planning strategies; disability insurance and long term care insurance; and financial planning products and services. It operates through six branches located in Brentwood, Erwin, Johnson City, Knoxville, and Unicoi. The company was founded in 1910 and is based in Knoxville, Tennessee.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 33.02M | 49.20M | 46.18M | 37.86M | 31.40M | 28.28M | 25.04M | 20.56M | 17.19M | 13.62M | 12.08M |
| Cost of Revenue | -51.65M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 84.67M | 49.20M | 46.18M | 37.86M | 31.40M | 28.28M | 25.04M | 20.56M | 17.19M | 13.62M | 12.08M |
| Gross Profit Ratio | 256.42% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 14.46M | 14.03M | 13.63M | 11.98M | 11.12M | 10.08M | 9.51M | 8.71M | 7.92M | 1.69M | 1.69M |
| Selling & Marketing | 525.00K | 431.00K | 250.86K | 229.88K | 230.78K | 241.91K | 216.74K | 215.43K | 244.25K | 95.01K | 58.50K |
| SG&A | 21.73M | 14.46M | 13.88M | 12.21M | 11.35M | 10.32M | 9.72M | 8.92M | 8.16M | 8.38M | 8.18M |
| Other Expenses | 0.00 | -29.17M | -29.69M | -37.00M | -26.16M | -15.83M | -4.00M | -3.70M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 21.73M | -14.71M | -15.80M | -24.78M | -14.81M | -5.51M | 4.00M | 3.70M | 11.52M | 10.08M | 9.72M |
| Cost & Expenses | 21.73M | -14.71M | -15.80M | -24.78M | -14.81M | -5.51M | 19.32M | 16.81M | 11.52M | 10.08M | 9.72M |
| Interest Income | 78.05M | 57.55M | 47.15M | 43.80M | 41.09M | 35.58M | 29.01M | 23.14M | 19.12M | 0.00 | 0.00 |
| Interest Expense | 49.52M | 10.66M | 3.89M | 8.80M | 12.42M | 9.25M | 5.76M | 4.61M | 3.50M | 0.00 | 0.00 |
| Depreciation & Amortization | 1.10M | 585.00K | 478.73K | 518.37K | 613.43K | 524.99K | 625.27K | 676.38K | 634.87K | -4.47M | -3.33M |
| EBITDA | 9.82M | 24.41M | 30.86M | 13.60M | 17.20M | 14.04M | 10.89M | 7.50M | 5.53M | -1.08M | 6.83M |
| EBITDA Ratio | 29.74% | 71.29% | 66.83% | 35.92% | 54.78% | 82.37% | 43.49% | 36.47% | 32.17% | -7.92% | 56.51% |
| Operating Income | 11.29M | 34.48M | 30.37M | 13.08M | 16.59M | 22.77M | 10.26M | 6.82M | 4.89M | 4.47M | 3.33M |
| Operating Income Ratio | 34.19% | 70.10% | 65.77% | 34.55% | 52.83% | 80.51% | 41.00% | 33.18% | 28.47% | 32.82% | 27.58% |
| Total Other Income/Expenses | -2.57M | -3.33M | -2.09M | -2.85M | -1.57M | -1.95M | -2.15M | -2.85M | -1.63M | -930.33K | -1.54M |
| Income Before Tax | 8.72M | 23.83M | 30.37M | 13.08M | 16.59M | 13.51M | 10.26M | 6.82M | 4.89M | 3.54M | 2.36M |
| Income Before Tax Ratio | 26.41% | 48.43% | 65.77% | 34.55% | 52.83% | 47.79% | 41.00% | 33.18% | 28.47% | 25.99% | 19.54% |
| Income Tax Expense | 1.81M | 5.39M | 6.75M | 2.91M | 4.23M | 3.33M | 4.79M | 2.59M | 1.82M | 1.29M | 3.97M |
| Net Income | 6.91M | 18.44M | 23.62M | 10.17M | 12.35M | 10.18M | 5.47M | 4.23M | 3.07M | 2.10M | 6.19M |
| Net Income Ratio | 20.94% | 37.48% | 51.16% | 26.86% | 39.34% | 36.01% | 21.86% | 20.59% | 17.87% | 15.44% | 51.20% |
| EPS | 1.11 | 2.97 | 3.78 | 1.62 | 1.99 | 1.67 | 0.91 | 0.71 | 0.51 | 0.54 | 1.51 |
| EPS Diluted | 1.11 | 2.96 | 3.78 | 1.62 | 1.96 | 1.66 | 0.91 | 0.71 | 0.51 | 0.54 | 1.51 |
| Weighted Avg Shares Out | 6.24M | 6.21M | 6.24M | 6.25M | 6.21M | 6.10M | 5.93M | 5.76M | 5.96M | 3.90M | 4.10M |
| Weighted Avg Shares Out (Dil) | 6.24M | 6.23M | 6.26M | 6.26M | 6.30M | 6.14M | 5.99M | 5.96M | 5.96M | 3.90M | 4.10M |
Mountain Commerce Bancorp, Inc. Announces Third Quarter 2024 Results And Quarterly Cash Dividend
Mountain Commerce Bancorp, Inc. Announces Second Quarter 2024 Results And Quarterly Cash Dividend
Mountain Commerce Bank Opens its Johnson City Financial Center
Mountain Commerce Bancorp, Inc. Announces First Quarter 2024 Results And Quarterly Cash Dividend
Theresa Hernandez joins Mountain Commerce Bank as Vice President and Assistant Controller
Mountain Commerce Bank Welcomes Amy Cantrell as Chief Compliance Officer and Chief Risk Officer
Mountain Commerce Bank Announces Promotions for Eight Key Team Members
Mountain Commerce Bancorp, Inc. Announces Fourth Quarter 2023 Results And Quarterly Cash Dividend
Mountain Commerce Bank Opens its West Knoxville Financial Center
Mountain Commerce Bancorp, Inc. Announces Third Quarter 2023 Results And Quarterly Cash Dividend
Source: https://incomestatements.info
Category: Stock Reports