Metropolitan bank holding corp. (MCB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16
Interest and dividend income:
Loans, including fees

32,827

32,847

31,208

28,019

25,050

21,879

20,255

17,996

17,212

16,388

15,564

13,367

11,867

10,922

Securities:
Taxable

1,372

1,560

1,561

376

233

197

183

177

186

194

201

204

214

224

Tax-exempt

-

0

0

4

7

7

7

8

7

8

7

8

7

8

Money market funds

30

-60

93

92

34

-153

48

121

119

100

82

70

63

11

Overnight deposits

1,593

1,889

2,381

2,060

1,409

1,232

1,233

1,534

1,043

-

476

293

-

-

Other interest and dividends

245

230

253

277

257

185

181

162

126

-47

98

105

290

159

Total interest income

36,067

36,466

35,496

30,828

26,990

23,347

21,907

19,998

18,693

17,948

16,428

14,047

12,441

11,324

Interest expense:
Deposits

5,767

7,070

7,881

5,936

4,646

3,300

2,565

1,799

1,439

1,558

1,588

1,468

1,259

1,274

Borrowed funds

736

749

943

1,322

1,104

453

355

191

150

166

244

243

187

110

Trust preferred securities interest expense

190

200

214

228

257

223

231

208

184

166

165

165

140

122

Subordinated debt interest expense

405

405

405

405

405

405

405

405

404

403

440

405

74

-

Total interest expense

7,098

8,424

9,443

7,891

6,412

4,381

3,556

2,603

2,177

2,293

2,437

2,281

1,660

1,506

Net interest income

28,969

28,042

26,053

22,937

20,578

18,966

18,351

17,395

16,516

15,655

13,991

11,766

10,781

9,818

Provision (credit) for loan losses

4,790

2,300

2,004

1,950

-2,031

844

-453

1,270

1,477

3,499

1,200

1,790

570

190

Net interest income after provision for loan losses

24,179

25,742

24,049

20,987

22,609

18,122

18,804

16,125

15,039

12,156

12,791

9,976

10,211

9,628

Non-interest income:
Service charges on deposit accounts

1,081

977

852

908

819

824

693

821

1,910

-

-

-

-

-

Prepaid third-party debit card income

1,621

1,482

1,482

1,422

1,257

1,133

1,080

1,519

908

-

-

-

-

-

Other service charges and fees

627

426

349

313

278

226

239

346

2,494

-

-

-

-

-

Unrealized gain on equity securities

36

-23

17

31

39

-

-

-

-

-

-

-

-

-

Gain on sale of securities

975

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on call of securities

-

-

-

-

-

-

-

-37

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

291

223

Other service charges and fees

-

-

-

-

-

-

-

-

-

-

-

-

166

201

Loan prepayment penalties

-

-

-

-

-

-

-

-

-

-

-

13

-

119

Debit card income

-

-

-

-

-

-

-

-

-

-

-

-

788

777

Total non-interest income

4,340

2,862

2,700

2,674

2,393

2,183

2,012

2,649

5,312

6,165

2,206

1,573

1,245

1,320

Non-interest expense:
Compensation and benefits

9,960

7,956

7,875

7,921

7,490

6,962

6,253

6,126

6,317

5,478

4,847

4,264

4,577

5,640

Bank premises and equipment

2,500

2,057

1,790

1,348

1,335

1,322

1,273

1,288

1,180

1,200

1,075

1,037

1,073

987

Directors fees

-

-

-

-

-

-

-

-

-

-

-

175

174

183

Insurance expense

-

-

-

-

-

-

-

-

-

-

-

65

79

88

Professional fees

955

810

906

917

794

741

587

841

753

703

951

480

410

407

Technology costs

3,806

3,463

3,526

2,618

1,385

1,025

847

609

1,506

-

-

-

-

-

FDIC assessment

-

-

-

-

-

-

-

-

-

-

-

105

170

182

Data processing fees

-

-

-

-

-

-

-

-

-

-

437

291

-

-

Core processing fees

-

-

-

-

-

-

-

-

-

-

-

-

251

198

Other expenses

2,295

2,756

1,398

1,920

1,690

1,553

1,395

1,411

1,482

2,554

1,280

724

500

741

Total non-interest expense

19,516

17,042

15,495

14,724

12,694

11,603

10,355

10,275

11,238

9,780

8,590

7,141

7,234

8,426

Net income before income tax expense

9,003

11,562

11,254

8,937

12,308

8,702

10,461

8,499

9,113

8,541

6,407

4,408

4,222

2,522

Income tax expense

2,906

3,699

3,571

2,880

3,777

2,417

3,348

2,634

2,822

5,216

2,562

1,757

1,674

1,072

Net income

6,097

7,863

7,683

6,057

8,531

6,285

7,113

5,865

6,291

3,325

3,845

2,651

2,548

1,450

Earnings per common share:
Basic earnings per common share (in dollars per share)

0.73

0.95

0.92

0.73

1.03

0.76

0.87

0.72

0.77

0.45

0.83

0.57

0.55

-0.52

Diluted earnings per common share (in dollars per share)

0.72

0.94

0.90

0.71

1.01

0.76

0.85

0.70

0.75

0.40

0.82

0.57

0.55

-0.52

Weighted average shares outstanding - basic (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

4,543

-

Weighted average shares outstanding - diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

4,576

-