Mountain Commerce Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
January 25, 2021 at 09:00 am
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Mountain Commerce Bancorp, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced net interest income was USD 35.444 million compared to USD 28.670 million a year ago. Net income was USD 10.170 million compared to USD 12.354 million a year ago. Basic earnings per share from continuing operations was USD 1.62 compared to USD 1.98 a year ago. Diluted earnings per share from continuing operations was USD 1.62 compared to USD 1.97 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. 
