$MCBS
Metrocity Bankshares Inc

2021 Q1 Form 10-Q Financial Statement

#000155837021006592 Filed on May 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $700.0K $700.0K
YoY Change 0.0% 16.67%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.138M $4.646M
YoY Change -75.51%
% of Operating Profit
Other Income/Expense, Net $2.281M $1.987M
YoY Change 14.8%
Pretax Income $17.41M $13.37M
YoY Change 30.24% 9.86%
Income Tax $4.432M $3.554M
% Of Pretax Income 25.45% 26.58%
Net Earnings $12.98M $9.816M
YoY Change 32.24% 12.44%
Net Earnings / Revenue
Basic Earnings Per Share $0.51 $0.38
Diluted Earnings Per Share $0.50 $0.38
COMMON SHARES
Basic Shares Outstanding 25.67M 25.53M
Diluted Shares Outstanding 25.88M 25.74M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $174.2M $207.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $13.66M $26.00M
YoY Change -47.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.154B $1.605B
YoY Change 34.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $800.0K
YoY Change -75.0%
Accrued Expenses $11.00M $12.20M
YoY Change -9.84%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.20M $13.00M
YoY Change -13.85%
LONG-TERM LIABILITIES
Long-Term Debt $500.0K $3.100M
YoY Change -83.87%
Other Long-Term Liabilities $61.30M $41.90M
YoY Change 46.3%
Total Long-Term Liabilities $61.80M $45.00M
YoY Change 37.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.20M $13.00M
Total Long-Term Liabilities $61.80M $45.00M
Total Liabilities $1.899B $1.381B
YoY Change 37.53%
SHAREHOLDERS EQUITY
Retained Earnings $199.1M
YoY Change
Common Stock $257.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $255.4M $223.7M
YoY Change
Total Liabilities & Shareholders Equity $2.154B $1.605B
YoY Change 34.27%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $12.98M $9.816M
YoY Change 32.24% 12.44%
Depreciation, Depletion And Amortization $700.0K $700.0K
YoY Change 0.0% 16.67%
Cash From Operating Activities $25.26M $107.9M
YoY Change -76.59% -259.4%
INVESTING ACTIVITIES
Capital Expenditures $99.00K $166.0K
YoY Change -40.36% -155.33%
Acquisitions
YoY Change
Other Investing Activities -$235.1M -$129.2M
YoY Change 81.97% -1972.46%
Cash From Investing Activities -$235.2M -$129.4M
YoY Change 81.82% -2059.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 233.5M -47.34M
YoY Change -593.21% -234.09%
NET CHANGE
Cash From Operating Activities 25.26M 107.9M
Cash From Investing Activities -235.2M -129.4M
Cash From Financing Activities 233.5M -47.34M
Net Change In Cash 23.53M -68.78M
YoY Change -134.21% 166.57%
FREE CASH FLOW
Cash From Operating Activities $25.26M $107.9M
Capital Expenditures $99.00K $166.0K
Free Cash Flow $25.16M $107.7M
YoY Change -76.65% -259.86%

Facts In Submission

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CY2020Q1 mcbs Increase Decrease In Sba Servicing Rights
IncreaseDecreaseInSbaServicingRights
-590000
CY2021Q1 mcbs Increase Decrease In Mortgage Servicing Rights
IncreaseDecreaseInMortgageServicingRights
1269000
CY2020Q1 mcbs Increase Decrease In Mortgage Servicing Rights
IncreaseDecreaseInMortgageServicingRights
1277000
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
381000
CY2020Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-29000
CY2021Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-16000
CY2020Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-130000
CY2021Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
9739000
CY2020Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
10181000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2020Q1 us-gaap Payments For Securities Purchased Under Agreements To Resell
PaymentsForSecuritiesPurchasedUnderAgreementsToResell
25000000
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
185000
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
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CY2021Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
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CY2020Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
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CY2021Q1 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
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CY2020Q1 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2020Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2567000
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2021Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
266031000
CY2020Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
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CY2021Q1 us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
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CY2020Q1 us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
32000
CY2020Q1 mcbs Proceed From Federal Home Loan Bank Advances
ProceedFromFederalHomeLoanBankAdvances
20000000
CY2021Q1 mcbs Payment For Federal Home Loan Bank Advances
PaymentForFederalHomeLoanBankAdvances
30000000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
207638000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
1154000
CY2020Q1 mcbs Transfer Of Loan Principal To Foreclosed Real Estate Net Of Write Downs
TransferOfLoanPrincipalToForeclosedRealEstateNetOfWriteDowns
1360000
CY2021Q1 mcbs Initial Recognition Of Operating Lease Right Of Use Assets
InitialRecognitionOfOperatingLeaseRightOfUseAssets
560000
CY2020Q1 mcbs Initial Recognition Of Operating Lease Right Of Use Assets
InitialRecognitionOfOperatingLeaseRightOfUseAssets
131000
CY2021Q1 mcbs Initial Recognition Of Operating Lease Liabilities
InitialRecognitionOfOperatingLeaseLiabilities
560000
CY2020Q1 mcbs Initial Recognition Of Operating Lease Liabilities
InitialRecognitionOfOperatingLeaseLiabilities
131000
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
516000
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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CY2020Q1 mcbs Coronavirus Aid Relief And Economic Security Act Value Of Relief Package Provided By Government
CoronavirusAidReliefAndEconomicSecurityActValueOfReliefPackageProvidedByGovernment
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CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
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CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
147000
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
18739000
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
17856000
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
261000
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1192000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1192000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
8688000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
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CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
6954000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
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CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
603000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
603000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
1251000
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
1271000
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
18688000
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
18739000
CY2021Q1 mcbs Number Of Securities Pledged
NumberOfSecuritiesPledged
0
CY2020Q4 mcbs Number Of Securities Pledged
NumberOfSecuritiesPledged
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CY2020Q1 mcbs Number Of Securities Sold
NumberOfSecuritiesSold
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CY2021Q1 mcbs Number Of Securities Sold
NumberOfSecuritiesSold
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CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
0
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3765000
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
96000
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
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CY2021Q1 mcbs Debt Securities Available For Sale Percentage Of Depreciation
DebtSecuritiesAvailableForSalePercentageOfDepreciation
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CY2021Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
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CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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CY2021Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
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CY2020Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
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LoansAndLeasesReceivableAllowance
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CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2021Q1 us-gaap Loans And Leases Receivable Net Reported Amount
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CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
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CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2021Q1 us-gaap Provision For Loan Lease And Other Losses
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CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2020Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2020Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
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CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2021Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
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CY2021Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1854131000
CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1866785000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
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CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
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CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
13876000
CY2020Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1616426000
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1630344000
CY2021Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
12654000
CY2021Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
10269000
CY2021Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2409000
CY2021Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
12678000
CY2021Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
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CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
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CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
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CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2599000
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
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CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
500000
CY2021Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
13573000
CY2021Q1 mcbs Impaired Financing Receivable Interest Income Cash Basis Method And Accrual Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethodAndAccrualMethod
216000
CY2020Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
15677000
CY2020Q1 mcbs Impaired Financing Receivable Interest Income Cash Basis Method And Accrual Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethodAndAccrualMethod
262000
CY2021Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1850467000
CY2021Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
7247000
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
9071000
CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1866785000
CY2020Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
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CY2020Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
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CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
10203000
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2021Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2021Q1 mcbs Financing Receivable Modifications Recorded Investment Still Accruing
FinancingReceivableModificationsRecordedInvestmentStillAccruing
2863000
CY2021Q1 mcbs Financing Receivable Modifications Recorded Investment Non Accrual Status
FinancingReceivableModificationsRecordedInvestmentNonAccrualStatus
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CY2021Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
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CY2020Q4 mcbs Financing Receivable Modifications Recorded Investment Still Accruing
FinancingReceivableModificationsRecordedInvestmentStillAccruing
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CY2020Q4 mcbs Financing Receivable Modifications Recorded Investment Non Accrual Status
FinancingReceivableModificationsRecordedInvestmentNonAccrualStatus
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CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
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CY2021Q1 mcbs Financing Receivable Troubled Debt Restructuring Specific Reserve
FinancingReceivableTroubledDebtRestructuringSpecificReserve
237000
CY2020Q4 mcbs Financing Receivable Troubled Debt Restructuring Specific Reserve
FinancingReceivableTroubledDebtRestructuringSpecificReserve
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CY2020Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
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CY2021Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
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CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2021Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
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CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
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CY2021Q1 mcbs Financing Receivable Modifications Td Rs Number Of Contracts
FinancingReceivableModificationsTDRsNumberOfContracts
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CY2021Q1 mcbs Financing Receivable Modifications Recorded Investment Including Interest And Fees
FinancingReceivableModificationsRecordedInvestmentIncludingInterestAndFees
3352000
CY2020Q4 mcbs Financing Receivable Modifications Td Rs Number Of Contracts
FinancingReceivableModificationsTDRsNumberOfContracts
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CY2020Q4 mcbs Financing Receivable Modifications Recorded Investment Including Interest And Fees
FinancingReceivableModificationsRecordedInvestmentIncludingInterestAndFees
3387000
CY2021Q1 mcbs Coronavirus Aid Relief And Economic Security Act Loan Deferral Period
CoronavirusAidReliefAndEconomicSecurityActLoanDeferralPeriod
P3M
CY2021Q1 mcbs Coronavirus Aid Relief And Economic Security Act Loan Deferral Value For Three Months
CoronavirusAidReliefAndEconomicSecurityActLoanDeferralValueForThreeMonths
32600000
CY2021Q1 mcbs Coronavirus Aid Relief And Economic Security Act Loan Deferral Unguaranteed Book Value For Three Months
CoronavirusAidReliefAndEconomicSecurityActLoanDeferralUnguaranteedBookValueForThreeMonths
8100000
CY2021Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
11800000
CY2020Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
13100000
CY2021Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
80000000
CY2020Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
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CY2021Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Amount Available
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumAmountAvailable
570600000
CY2021Q1 us-gaap Secured Debt
SecuredDebt
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CY2020Q1 us-gaap Secured Debt
SecuredDebt
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CY2021Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
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CY2021Q1 us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
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CY2021Q1 mcbs Lessee Operating Lease Number Of Short Term Leases
LesseeOperatingLeaseNumberOfShortTermLeases
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
1946000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
2000000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
1966000
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1840000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
1589000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
2834000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12175000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1127000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
553000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
552000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2021Q1 us-gaap Lease Cost
LeaseCost
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CY2020Q1 us-gaap Lease Cost
LeaseCost
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CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
11048000
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
506000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
504000
CY2021Q1 mcbs Operating Lease Liability Reduction Payments
OperatingLeaseLiabilityReductionPayments
422000
CY2020Q1 mcbs Operating Lease Liability Reduction Payments
OperatingLeaseLiabilityReductionPayments
409000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
560000
CY2020Q1 mcbs Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Securities Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisSecuritiesGainLossIncludedInEarnings
0
CY2021Q1 mcbs Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Securities Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisSecuritiesGainLossIncludedInEarnings
0
CY2020Q1 mcbs Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Purchases Sales Or Transfers Ne
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisPurchasesSalesOrTransfersNe
0
CY2021Q1 mcbs Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Purchases Sales Or Transfers Ne
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisPurchasesSalesOrTransfersNe
0
CY2020 mcbs Capital Conservation Buffer Percentage
CapitalConservationBufferPercentage
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CY2021Q1 us-gaap Capital
Capital
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CY2021Q1 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
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CY2021Q1 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
244801000
CY2021Q1 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
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CY2021Q1 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
244801000
CY2021Q1 mcbs Common Equity Tier One Capital To Risk Weighted Assets
CommonEquityTierOneCapitalToRiskWeightedAssets
0.1897
CY2021Q1 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
244801000
CY2021Q1 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1223
CY2020Q4 us-gaap Capital
Capital
245128000
CY2020Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.2086
CY2020Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
234993000
CY2020Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.2000
CY2020Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
234993000
CY2020Q4 mcbs Common Equity Tier One Capital To Risk Weighted Assets
CommonEquityTierOneCapitalToRiskWeightedAssets
0.2000
CY2020Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
234993000
CY2020Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1344
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
9816000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25674573
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25529891
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
207254
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
206544
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25881827
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25736435
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
12981000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
9816000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25674573
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25529891
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
12981000
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0

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