Call reports 2024
METRO CITY BANK — 2024
What METRO CITY BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 3,615,824,000 | 3,588,794,000 | 3,558,595,000 | 3,578,664,000 |
| Total loans | 3,191,632,000 | 3,093,274,000 | 3,095,185,000 | 3,160,710,000 |
| Allowance for loan losses | 17,982,000 | 17,960,000 | 18,589,000 | 18,744,000 |
| Securities available for sale | 18,057,000 | 17,825,000 | 18,206,000 | 17,391,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,844,969,000 | 2,781,178,000 | 2,752,981,000 | 2,761,567,000 |
| Interest-bearing deposits | 2,268,403,000 | 2,183,094,000 | 2,171,969,000 | 2,201,604,000 |
| Noninterest-bearing deposits | 576,566,000 | 598,084,000 | 581,012,000 | 559,963,000 |
| Equity capital | 394,649,000 | 405,347,000 | 405,330,000 | 418,652,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 52,357,000 | 106,465,000 | 160,296,000 | 212,910,000 |
| Interest expense | 25,279,000 | 48,682,000 | 72,236,000 | 94,802,000 |
| Net interest income | 27,078,000 | 57,783,000 | 88,060,000 | 118,108,000 |
| Noninterest income | 5,627,000 | 11,251,000 | 17,248,000 | 22,904,000 |
| Noninterest expense | 12,299,000 | 25,312,000 | 38,608,000 | 52,934,000 |
| Provision for loan losses | -134,000 | -239,000 | 413,000 | 667,000 |
| Pretax income | 20,499,000 | 43,932,000 | 66,620,000 | 87,527,000 |
| Income tax | 5,801,000 | 12,232,000 | 18,192,000 | 22,810,000 |
| Net income | 14,698,000 | 31,700,000 | 48,428,000 | 64,717,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 361,690,000 | 381,766,000 | 394,222,000 | 405,474,000 |
| Total capital | 379,982,000 | 400,013,000 | 413,027,000 | 424,383,000 |
| Risk-weighted assets | 2,144,736,000 | 2,102,410,000 | 2,071,257,000 | 2,129,678,000 |