Mountain Commerce Bank announces record earnings for 2014
JOHNSON CITY, TN—January 30, 2015—Mountain Commerce Bank (MCB) announced year-to-date net income of $2,500,000.
Bill Edwards, President and CEO stated, “As we close out 2014, I am proud of what our Responsive Relationship Banking team has accomplished. Our solid performance positions us well for 2015, and beyond. We continue to maintain a strong net interest margin and enhance our operational efficiency. MCB takes pride in being a dependable and trusted financial advisor.”
MCB’s earnings were $964,000 for fourth quarter of 2014. Net interest margin remained strong, averaging 3.88% for the quarter. Non-interest-bearing deposits increased $6.7 million over the same period last year.
About Mountain Commerce Bank:
Mountain Commerce Bank (MCB) is a state-chartered, FDIC-insured, century-old, privately held financial services institution serving Knoxville, Johnson City, and Unicoi County. Through Hometown Service and Smart Technology, MCB offers big bank products and services, with the personal attention and exceptional service of a hometown community bank.
At the end of December 2014, MCB had $412 million in total assets and $355 million in total deposits. MCB currently employs more than 60 individuals at five branches and one operations office. For more information, visit us at www.mcb.com or check your account any time at 1-866-MCB-1910. MCB is an equal opportunity employer.