Metropolitan Bank Holding Corp

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

MCB$96.44+0.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(in thousands, except share data)


· · December 31, · · December 31,
	2023		2022
Assets
Cash and due from banks		$31,973		$26,780
Overnight deposits		237,492		230,638
Total cash and cash equivalents		269,465		257,418
Investment securities available-for-sale, at fair value		461,207		445,747
Investment securities held-to-maturity (estimated fair value of $404.3 million and $437.3 million at December 31, 2023 and December 31, 2022, respectively)		468,860		510,425
Equity investment securities, at fair value		2,123		2,048
Total securities		932,190		958,220
Other investments		38,966		22,110
Loans, net of deferred fees and costs		5,624,797		4,840,523
Allowance for credit losses		(57,965)		(44,876)
Net loans		5,566,832		4,795,647
Receivable from global payments business, net		87,648		85,605
Other assets		172,571		148,337
Total assets		$7,067,672		$6,267,337
Liabilities and Stockholders’ Equity
Deposits
Noninterest-bearing demand deposits		$1,837,874		$2,422,151
Interest-bearing deposits		3,899,418		2,855,761
Total deposits		5,737,292		5,277,912
Federal funds purchased		99,000		150,000
Federal Home Loan Bank of New York advances		440,000		100,000
Trust preferred securities		20,620		20,620
Secured borrowings		7,585		7,725
Prepaid third-party debit cardholder balances		10,178		10,579
Other liabilities		93,976		124,604
Total liabilities		6,408,651		5,691,440

Common stock, $0.01 par value, 25,000,000 shares authorized, 11,062,729 and 10,949,965 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively		111		109
Additional paid in capital		395,871		389,276
Retained earnings		315,975		240,810
Accumulated other comprehensive income (loss), net of tax		(52,936)		(54,298)
Total stockholders’ equity		659,021		575,897
Total liabilities and stockholders’ equity		$7,067,672		$6,267,337

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.