Mountain Commerce Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 26, 2020
Share
Mountain Commerce Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 7.680 million compared to USD 6.376 million a year ago. Net income was USD 3.335 million compared to USD 2.797 million a year ago. Basic earnings per share was USD 0.54 compared to USD 0.46 a year ago. Diluted earnings per share was USD 0.53 compared to USD 0.45 a year ago. For the full year, net interest income was USD 28.670 million compared to USD 26.331 million a year ago. Net income was USD 12.354 million compared to USD 10.183 million a year ago. Basic earnings per share was USD 1.99 compared to USD 1.67 a year ago. Diluted earnings per share was USD 1.96 compared to USD 1.63 a year ago.
Mountain Commerce Bancorp, Inc. is a holding company. Its principal activity is the ownership and management of its wholly owned subsidiary Mountain Commerce Bank (the Bank). The Bank also owns a 100% interest in MCB Services, Inc. The Bank operates under a state bank charter and provides full banking services. The Bank provides a variety of financial services to individuals and corporate customers located primarily in Middle and Eastern Tennessee and the surrounding areas. The Bankâs primary deposit products include checking, savings, certificates of deposit and IRA accounts. Its primary lending products are one-to-four family residential, commercial real estate, commercial and industrial and consumer lending. The Bankâs services include treasury management solutions, remote deposit capture, online banking, e-statements, and others. The Bank focuses on responsive relationship banking for small-and medium-sized businesses, professionals, relationship-minded individuals, and others.
MOUNTAIN COMMERCE BANCORP, INC. 
