$MCBS
Metrocity Bankshares Inc

2022 Q1 Form 10-Q Financial Statement

#000174706822000025 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 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% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.300M $1.138M
YoY Change 14.24% -75.51%
% of Operating Profit
Other Income/Expense, Net $3.429M $2.281M
YoY Change 50.33% 14.8%
Pretax Income $26.03M $17.41M
YoY Change 49.46% 30.24%
Income Tax $6.597M $4.432M
% Of Pretax Income 25.35% 25.45%
Net Earnings $19.43M $12.98M
YoY Change 49.67% 32.24%
Net Earnings / Revenue
Basic Earnings Per Share $0.76 $0.51
Diluted Earnings Per Share $0.76 $0.50
COMMON SHARES
Basic Shares Outstanding 25.47M 25.67M
Diluted Shares Outstanding 25.72M 25.88M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $435.7M
YoY Change
Cash & Equivalents $424.7M $174.2M
Short-Term Investments $11.00M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $12.81M $13.66M
YoY Change -6.21% -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 $3.142B $2.154B
YoY Change 45.86% 34.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $200.0K
YoY Change 0.0% -75.0%
Accrued Expenses $9.400M $11.00M
YoY Change -14.55% -9.84%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.600M $11.20M
YoY Change -14.29% -13.85%
LONG-TERM LIABILITIES
Long-Term Debt $400.0K $500.0K
YoY Change -20.0% -83.87%
Other Long-Term Liabilities $59.70M $61.30M
YoY Change -2.61% 46.3%
Total Long-Term Liabilities $60.10M $61.80M
YoY Change -2.75% 37.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.600M $11.20M
Total Long-Term Liabilities $60.10M $61.80M
Total Liabilities $2.832B $1.899B
YoY Change 49.13% 37.53%
SHAREHOLDERS EQUITY
Retained Earnings $254.2M $199.1M
YoY Change 27.66%
Common Stock $255.0K $257.0K
YoY Change -0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $310.4M $255.4M
YoY Change
Total Liabilities & Shareholders Equity $3.142B $2.154B
YoY Change 45.86% 34.27%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $19.43M $12.98M
YoY Change 49.67% 32.24%
Depreciation, Depletion And Amortization $700.0K $700.0K
YoY Change 0.0% 0.0%
Cash From Operating Activities $94.42M $25.26M
YoY Change 273.73% -76.59%
INVESTING ACTIVITIES
Capital Expenditures $26.00K $99.00K
YoY Change -73.74% -40.36%
Acquisitions
YoY Change
Other Investing Activities -$106.2M -$235.1M
YoY Change -54.83% 81.97%
Cash From Investing Activities -$106.3M -$235.2M
YoY Change -54.81% 81.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.754M 233.5M
YoY Change -102.04% -593.21%
NET CHANGE
Cash From Operating Activities 94.42M 25.26M
Cash From Investing Activities -106.3M -235.2M
Cash From Financing Activities -4.754M 233.5M
Net Change In Cash -16.61M 23.53M
YoY Change -170.59% -134.21%
FREE CASH FLOW
Cash From Operating Activities $94.42M $25.26M
Capital Expenditures $26.00K $99.00K
Free Cash Flow $94.39M $25.16M
YoY Change 275.1% -76.65%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001747068
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25465236
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25465236
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25465236
CY2022Q1 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
001-39068
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
METROCITY BANKSHARES, INC.
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
GA
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-2528408
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
5114 Buford Highway
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Doraville
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
GA
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
30340
CY2022Q1 dei City Area Code
CityAreaCode
770
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
455-4989
CY2022Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
CY2022Q1 dei Trading Symbol
TradingSymbol
MCBS
CY2022Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
true
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9861000
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25465236
CY2022Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
418988000
CY2021Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
432523000
CY2022Q1 us-gaap Federal Funds Sold
FederalFundsSold
5743000
CY2021Q4 us-gaap Federal Funds Sold
FederalFundsSold
8818000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
424731000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
441341000
CY2022Q1 us-gaap Marketable Securities
MarketableSecurities
11024000
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
11386000
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
23886000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
25733000
CY2022Q1 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
37928000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16674000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16952000
CY2022Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
2495626000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
2488118000
CY2022Q1 us-gaap Interest Receivable
InterestReceivable
10644000
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
11052000
CY2022Q1 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
15806000
CY2021Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
19701000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12814000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13068000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8925000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9338000
CY2022Q1 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
3562000
CY2021Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
3618000
CY2022Q1 mcbs Sba Servicing Asset Net
SbaServicingAssetNet
10554000
CY2021Q4 mcbs Sba Servicing Asset Net
SbaServicingAssetNet
10234000
CY2022Q1 mcbs Mortgage Servicing Asset Net
MortgageServicingAssetNet
6925000
CY2021Q4 mcbs Mortgage Servicing Asset Net
MortgageServicingAssetNet
7747000
CY2022Q1 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
67841000
CY2021Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
59437000
CY2022Q1 us-gaap Other Assets
OtherAssets
12051000
CY2021Q4 us-gaap Other Assets
OtherAssets
5385000
CY2022Q1 us-gaap Assets
Assets
3142317000
CY2021Q4 us-gaap Assets
Assets
3106158000
CY2022Q1 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
615650000
CY2021Q4 us-gaap Noninterest Bearing Domestic Deposit Demand
NoninterestBearingDomesticDepositDemand
592444000
CY2022Q1 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1766491000
CY2021Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1670576000
CY2022Q1 us-gaap Deposits
Deposits
2382141000
CY2021Q4 us-gaap Deposits
Deposits
2263020000
CY2022Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
380000000
CY2021Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
500000000
CY2022Q1 us-gaap Other Borrowings
OtherBorrowings
405000
CY2021Q4 us-gaap Other Borrowings
OtherBorrowings
459000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
9445000
CY2022Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
207000
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
204000
CY2022Q1 us-gaap Other Liabilities
OtherLiabilities
59709000
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
42391000
CY2022Q1 us-gaap Liabilities
Liabilities
2831907000
CY2021Q4 us-gaap Liabilities
Liabilities
2815935000
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25465236
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
255000
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
255000
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
51753000
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
51559000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
254165000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
238577000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4237000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-168000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
310410000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
290223000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3142317000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3106158000
CY2022Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
31459000
CY2021Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
22500000
CY2022Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
492000
CY2021Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
170000
CY2022Q1 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
2000
CY2021Q1 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
2000
CY2022Q1 us-gaap Interest Income Operating
InterestIncomeOperating
31953000
CY2021Q1 us-gaap Interest Income Operating
InterestIncomeOperating
22672000
CY2022Q1 us-gaap Interest Expense Customer Deposits
InterestExpenseCustomerDeposits
1139000
CY2021Q1 us-gaap Interest Expense Customer Deposits
InterestExpenseCustomerDeposits
992000
CY2022Q1 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
161000
CY2021Q1 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
146000
CY2022Q1 us-gaap Interest Expense
InterestExpense
1300000
CY2021Q1 us-gaap Interest Expense
InterestExpense
1138000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
30653000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
21534000
CY2022Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
104000
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1599000
CY2022Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
30549000
CY2022Q1 mcbs Fees And Commissions And Costs Mortgage Banking And Servicing
FeesAndCommissionsAndCostsMortgageBankingAndServicing
101000
CY2021Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
19935000
CY2022Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1211000
CY2021Q1 mcbs Fees And Commissions And Costs Mortgage Banking And Servicing
FeesAndCommissionsAndCostsMortgageBankingAndServicing
166000
CY2022Q1 mcbs Gain Loss On Sale Of Sba Loans
GainLossOnSaleOfSbaLoans
1568000
CY2021Q1 mcbs Gain Loss On Sale Of Sba Loans
GainLossOnSaleOfSbaLoans
1854000
CY2022Q1 mcbs Sba Servicing Income Net
SbaServicingIncomeNet
1644000
CY2021Q1 mcbs Sba Servicing Income Net
SbaServicingIncomeNet
2133000
CY2022Q1 us-gaap Other Income
OtherIncome
492000
CY2021Q1 us-gaap Other Income
OtherIncome
262000
CY2022Q1 us-gaap Noninterest Income
NoninterestIncome
7656000
CY2021Q1 us-gaap Noninterest Income
NoninterestIncome
8186000
CY2022Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7096000
CY2021Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6699000
CY2022Q1 mcbs Occupancy And Equipment Expense
OccupancyAndEquipmentExpense
1227000
CY2021Q1 mcbs Occupancy And Equipment Expense
OccupancyAndEquipmentExpense
1275000
CY2022Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
277000
CY2021Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
308000
CY2022Q1 us-gaap Advertising Expense
AdvertisingExpense
150000
CY2021Q1 us-gaap Advertising Expense
AdvertisingExpense
145000
CY2022Q1 us-gaap Other Expenses
OtherExpenses
3429000
CY2021Q1 us-gaap Other Expenses
OtherExpenses
2281000
CY2022Q1 us-gaap Noninterest Expense
NoninterestExpense
12179000
CY2021Q1 us-gaap Noninterest Expense
NoninterestExpense
10708000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26026000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17413000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6597000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4432000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
19429000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
12981000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
19429000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
12981000
CY2022Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-1484000
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-210000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
7358000
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
1469000
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-54000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4405000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-156000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
23834000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12825000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
290223000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
19429000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
194000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4405000
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
3841000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
310410000
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
99000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
244831000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
12981000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
303000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-156000
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2584000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
255375000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
19429000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
12981000
CY2022Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
711000
CY2021Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
732000
CY2022Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
104000
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1599000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
194000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
303000
CY2022Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-362000
CY2022Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-15000
CY2022Q1 us-gaap Proceeds From Sale Of Other Loans Held For Sale
ProceedsFromSaleOfOtherLoansHeldForSale
58198000
CY2022Q1 mcbs Gain Loss On Sale Of Residential Mortgages
GainLossOnSaleOfResidentialMortgages
1211000
CY2022Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
23391000
CY2021Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
22949000
CY2022Q1 mcbs Proceeds From Sales Of Sba Loans Held For Sale
ProceedsFromSalesOfSbaLoansHeldForSale
24959000
CY2021Q1 mcbs Proceeds From Sales Of Sba Loans Held For Sale
ProceedsFromSalesOfSbaLoansHeldForSale
24803000
CY2022Q1 mcbs Gain Loss On Sale Of Sba Loans
GainLossOnSaleOfSbaLoans
1568000
CY2021Q1 mcbs Gain Loss On Sale Of Sba Loans
GainLossOnSaleOfSbaLoans
1854000
CY2022Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
404000
CY2021Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
227000
CY2022Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-408000
CY2021Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-156000
CY2022Q1 mcbs Increase Decrease In Sba Servicing Rights
IncreaseDecreaseInSbaServicingRights
320000
CY2021Q1 mcbs Increase Decrease In Sba Servicing Rights
IncreaseDecreaseInSbaServicingRights
892000
CY2022Q1 mcbs Increase Decrease In Mortgage Servicing Rights
IncreaseDecreaseInMortgageServicingRights
822000
CY2021Q1 mcbs Increase Decrease In Mortgage Servicing Rights
IncreaseDecreaseInMortgageServicingRights
1269000
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
810000
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
381000
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
3000
CY2021Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-16000
CY2022Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
16915000
CY2021Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
9739000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
94416000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25263000
CY2021Q1 mcbs Payment To Acquire Available For Sale Securities
PaymentToAcquireAvailableForSaleSecurities
1034000
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
345000
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
185000
CY2022Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-3895000
CY2021Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-2196000
CY2022Q1 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
102527000
CY2021Q1 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
236440000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26000
CY2022Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
41000
CY2022Q1 mcbs Payments To Acquire Bank Owned Life Insurance
PaymentsToAcquireBankOwnedLifeInsurance
8000000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-106272000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-235192000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3821000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2567000
CY2022Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
119121000
CY2021Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
266031000
CY2022Q1 us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
54000
CY2021Q1 us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
4000
CY2022Q1 mcbs Payment For Federal Home Loan Bank Advances
PaymentForFederalHomeLoanBankAdvances
120000000
CY2021Q1 mcbs Payment For Federal Home Loan Bank Advances
PaymentForFederalHomeLoanBankAdvances
30000000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4754000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
233460000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-16610000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
23531000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
441341000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
150688000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
424731000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
174219000
CY2022Q1 mcbs Transfer Of Loan Principal To Loans Held For Sale
TransferOfLoanPrincipalToLoansHeldForSale
94915000
CY2021Q1 mcbs Initial Recognition Of Operating Lease Right Of Use Assets
InitialRecognitionOfOperatingLeaseRightOfUseAssets
560000
CY2021Q1 mcbs Initial Recognition Of Operating Lease Liabilities
InitialRecognitionOfOperatingLeaseLiabilities
560000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
1297000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
1154000
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
488000
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
261000
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020Q1 mcbs Coronavirus Aid Relief And Economic Security Act Value Of Relief Package Provided By Government
CoronavirusAidReliefAndEconomicSecurityActValueOfReliefPackageProvidedByGovernment
2200000000000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
5961000
CY2022Q1 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
25317000
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1434000
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
23886000
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
25680000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
214000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
161000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
25733000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
5961000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
2010000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
2012000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
1175000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
1082000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
5740000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
5244000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
10431000
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
9587000
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
25317000
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
23886000
CY2022Q1 mcbs Number Of Securities Pledged
NumberOfSecuritiesPledged
0
CY2021Q4 mcbs Number Of Securities Pledged
NumberOfSecuritiesPledged
0
CY2021Q1 mcbs Number Of Securities Sold
NumberOfSecuritiesSold
0
CY2022Q1 mcbs Number Of Securities Sold
NumberOfSecuritiesSold
0
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1434000
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
16176000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10135000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
161000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
11731000
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
18
CY2022Q1 mcbs Debt Securities Available For Sale Percentage Of Depreciation
DebtSecuritiesAvailableForSalePercentageOfDepreciation
0.0815
CY2022Q1 us-gaap Marketable Securities
MarketableSecurities
11000000.0
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
11400000
CY2022Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-362000
CY2021Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
2518351000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
2511508000
CY2022Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
6051000
CY2021Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
6438000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16674000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16952000
CY2022Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
2495626000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
2488118000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16952000
CY2022Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-390000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
8000
CY2022Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
104000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16674000
CY2021Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-4000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
5000
CY2021Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1599000
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
11735000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
126000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
16548000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16674000
CY2022Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
12406000
CY2022Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2499894000
CY2022Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2512300000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
676000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
16276000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16952000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
11849000
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2493221000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2505070000
CY2022Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
12406000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
11332000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
1083000
CY2022Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
12415000
CY2022Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
126000
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
11849000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
10365000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
1542000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
11907000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
676000
CY2022Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
12525000
CY2022Q1 mcbs Impaired Financing Receivable Interest Income Cash Basis Method And Accrual Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethodAndAccrualMethod
117000
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
CY2022Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
9506000
CY2022Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2512300000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
8759000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2505070000
CY2022Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2512300000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2505070000
CY2022Q1 mcbs Financing Receivable Modifications Recorded Investment Still Accruing
FinancingReceivableModificationsRecordedInvestmentStillAccruing
2901000
CY2022Q1 mcbs Financing Receivable Modifications Recorded Investment Non Accrual Status
FinancingReceivableModificationsRecordedInvestmentNonAccrualStatus
233000
CY2022Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3134000
CY2021Q4 mcbs Financing Receivable Modifications Recorded Investment Still Accruing
FinancingReceivableModificationsRecordedInvestmentStillAccruing
2698000
CY2021Q4 mcbs Financing Receivable Modifications Recorded Investment Non Accrual Status
FinancingReceivableModificationsRecordedInvestmentNonAccrualStatus
479000
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3177000
CY2022Q1 mcbs Financing Receivable Troubled Debt Restructuring Specific Reserve
FinancingReceivableTroubledDebtRestructuringSpecificReserve
79000
CY2021Q4 mcbs Financing Receivable Troubled Debt Restructuring Specific Reserve
FinancingReceivableTroubledDebtRestructuringSpecificReserve
242000
CY2021Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
CY2022Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
CY2022Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2021 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2022Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3134000
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3177000
CY2022Q1 mcbs Financing Receivable Modifications Td Rs Number Of Contracts
FinancingReceivableModificationsTDRsNumberOfContracts
6000
CY2022Q1 mcbs Financing Receivable Modifications Recorded Investment Including Interest And Fees
FinancingReceivableModificationsRecordedInvestmentIncludingInterestAndFees
3143000
CY2021Q4 mcbs Financing Receivable Modifications Td Rs Number Of Contracts
FinancingReceivableModificationsTDRsNumberOfContracts
5000
CY2021Q4 mcbs Financing Receivable Modifications Recorded Investment Including Interest And Fees
FinancingReceivableModificationsRecordedInvestmentIncludingInterestAndFees
3190000
CY2022Q1 mcbs Coronavirus Aid Relief And Economic Security Act Loan Deferral Period
CoronavirusAidReliefAndEconomicSecurityActLoanDeferralPeriod
P3M
CY2022Q1 mcbs Coronavirus Aid Relief And Economic Security Act Loan Deferral Value For Three Months
CoronavirusAidReliefAndEconomicSecurityActLoanDeferralValueForThreeMonths
5400000
CY2022Q1 mcbs Coronavirus Aid Relief And Economic Security Act Loan Deferral Unguaranteed Book Value For Three Months
CoronavirusAidReliefAndEconomicSecurityActLoanDeferralUnguaranteedBookValueForThreeMonths
1400000
CY2021Q4 mcbs Coronavirus Aid Relief And Economic Security Act Loan Deferral Value For Three Months
CoronavirusAidReliefAndEconomicSecurityActLoanDeferralValueForThreeMonths
6500000
CY2021Q4 mcbs Coronavirus Aid Relief And Economic Security Act Loan Deferral Unguaranteed Book Value For Three Months
CoronavirusAidReliefAndEconomicSecurityActLoanDeferralUnguaranteedBookValueForThreeMonths
1600000
CY2022Q1 mcbs Lessee Operating Lease Number Of Short Term Leases
LesseeOperatingLeaseNumberOfShortTermLeases
0
CY2022Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
7900000
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
7900000
CY2022Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
380000000
CY2021Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
500000000
CY2022Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Amount Available
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumAmountAvailable
933500000
CY2022Q1 us-gaap Secured Debt
SecuredDebt
405000
CY2021Q4 us-gaap Secured Debt
SecuredDebt
459000
CY2022Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022Q1 us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
false
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
505000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
553000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
44000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
46000
CY2022Q1 us-gaap Lease Cost
LeaseCost
549000
CY2021Q1 us-gaap Lease Cost
LeaseCost
599000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
1488000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
1972000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
1859000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1637000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
1393000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
1911000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10260000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
815000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
9445000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0306
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
487000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
506000
CY2022Q1 mcbs Operating Lease Liability Reduction Payments
OperatingLeaseLiabilityReductionPayments
416000
CY2021Q1 mcbs Operating Lease Liability Reduction Payments
OperatingLeaseLiabilityReductionPayments
422000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
560000
CY2022Q1 mcbs Cash Deposits Pledged As Collateral
CashDepositsPledgedAsCollateral
0
CY2021Q1 mcbs Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Securities Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisSecuritiesGainLossIncludedInEarnings
0
CY2022Q1 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 Purchases Sales Or Transfers Ne
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisPurchasesSalesOrTransfersNe
0
CY2022Q1 mcbs Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Purchases Sales Or Transfers Ne
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisPurchasesSalesOrTransfersNe
0
CY2021 mcbs Capital Conservation Buffer Percentage
CapitalConservationBufferPercentage
0.0250
CY2022Q1 us-gaap Capital
Capital
312293000
CY2022Q1 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1822
CY2022Q1 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
180019000
CY2022Q1 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105
CY2022Q1 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
171447000
CY2022Q1 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.100
CY2022Q1 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
295619000
CY2022Q1 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1724
CY2022Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
145730000
CY2022Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085
CY2022Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
137158000
CY2022Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.080
CY2022Q1 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
295619000
CY2022Q1 mcbs Common Equity Tier One Capital To Risk Weighted Assets
CommonEquityTierOneCapitalToRiskWeightedAssets
0.1724
CY2022Q1 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
120013000
CY2022Q1 mcbs Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.070
CY2022Q1 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
111440000
CY2022Q1 mcbs Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.065
CY2022Q1 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
295619000
CY2022Q1 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0946
CY2022Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
124996000
CY2022Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.040
CY2022Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
156245000
CY2022Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.050
CY2021Q4 us-gaap Capital
Capital
297108000
CY2021Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1777
CY2021Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
175564000
CY2021Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105
CY2021Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
280156000
CY2021Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1676
CY2021Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
142123000
CY2021Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085
CY2021Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
280156000
CY2021Q4 mcbs Common Equity Tier One Capital To Risk Weighted Assets
CommonEquityTierOneCapitalToRiskWeightedAssets
0.1676
CY2021Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
117043000
CY2021Q4 mcbs Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.070
CY2021Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
280156000
CY2021Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0944
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
118682000
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.040
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
19429000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
12981000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25465236
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25674573
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
19429000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
12981000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25465236
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25674573
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
253799
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
207254
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25719035
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25881827
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0

Files In Submission

Name View Source Status
0001747068-22-000025-index-headers.html Edgar Link pending
0001747068-22-000025-index.html Edgar Link pending
0001747068-22-000025.txt Edgar Link pending
0001747068-22-000025-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mcbs-20220331.xsd Edgar Link pending
mcbs-20220331ex31161ff63.htm Edgar Link pending
mcbs-20220331ex312a19b34.htm Edgar Link pending
mcbs-20220331ex32165e438.htm Edgar Link pending
mcbs-20220331ex3226e9193.htm Edgar Link pending
mcbs-20220331x10q.htm Edgar Link pending
mcbs-20220331x10q_htm.xml Edgar Link completed
mcbs-20220331_cal.xml Edgar Link unprocessable
mcbs-20220331_def.xml Edgar Link unprocessable
mcbs-20220331_lab.xml Edgar Link unprocessable
mcbs-20220331_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending