Metropolitan Bank Holding Corp

For the period ended Mar 31, 2024. Filed May 3, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

MCB$96.43+1.0%Stored close · as of Nov 9, 2026

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

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Financial Condition

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited)

(in thousands, except share data)


· · March 31, · · December 31,
	2024		2023
Assets
Cash and due from banks		$34,037		$31,973
Overnight deposits		500,366		237,492
Total cash and cash equivalents		534,403		269,465
Investment securities available-for-sale, at fair value		497,789		461,207
Investment securities held-to-maturity (estimated fair value of $393.2 million and $404.3 million at March 31, 2024 and December 31, 2023, respectively)		460,249		468,860
Equity investment securities, at fair value		2,115		2,123
Total securities		960,153		932,190
Other investments		32,669		38,966
Loans, net of deferred fees and costs		5,719,218		5,624,797
Allowance for credit losses		(58,538)		(57,965)
Net loans		5,660,680		5,566,832
Receivable from global payments business, net		93,852		87,648
Other assets		171,614		172,571
Total assets		$7,453,371		$7,067,672
Liabilities and Stockholders’ Equity
Deposits
Noninterest-bearing demand deposits		$1,927,629		$1,837,874
Interest-bearing deposits		4,309,913		3,899,418
Total deposits		6,237,542		5,737,292
Federal funds purchased		—		99,000
Federal Home Loan Bank of New York advances		300,000		440,000
Trust preferred securities		20,620		20,620
Secured and other borrowings		107,549		7,585
Prepaid third-party debit cardholder balances		18,685		10,178
Other liabilities		95,434		93,976
Total liabilities		6,779,830		6,408,651

Common stock, $0.01 par value, 25,000,000 shares authorized, 11,191,958 and 11,062,729 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively		112		111
Additional paid in capital		393,341		395,871
Retained earnings		332,178		315,975
Accumulated other comprehensive income (loss), net of tax		(52,090)		(52,936)
Total stockholders’ equity		673,541		659,021
Total liabilities and stockholders’ equity		$7,453,371		$7,067,672

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.