Metropolitan Bank Holding Corp

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

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.

FY2024 · Filed Feb 28, 2025

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

(in thousands, except share data)


· · December 31, · · December 31,
	2024		2023
Assets
Cash and due from banks		$13,078		$31,973
Overnight deposits		187,190		237,492
Total cash and cash equivalents		200,268		269,465
Investment securities available-for-sale, at fair value		482,085		461,207
Investment securities held-to-maturity (estimated fair value of $366.7 million and $404.3 million at December 31, 2024 and December 31, 2023, respectively)		428,557		468,860
Equity investment securities, at fair value		5,109		2,123
Total securities		915,751		932,190
Other investments		30,636		38,966
Loans, net of deferred fees and costs		6,034,076		5,624,797
Allowance for credit losses		(63,273)		(57,965)
Net loans		5,970,803		5,566,832
Receivable from global payments business, net		—		87,648
Other assets		183,291		172,571
Total assets		$7,300,749		$7,067,672
Liabilities and Stockholders’ Equity
Deposits
Noninterest-bearing demand deposits		$1,334,054		$1,837,874
Interest-bearing deposits		4,648,919		3,899,418
Total deposits		5,982,973		5,737,292
Federal funds purchased		210,000		99,000
Federal Home Loan Bank of New York advances		240,000		440,000
Trust preferred securities		20,620		20,620
Secured and other borrowings		7,441		7,585
Prepaid third-party debit cardholder balances		—		10,178
Other liabilities		109,888		93,976
Total liabilities		6,570,922		6,408,651

Common stock, $0.01 par value, 25,000,000 shares authorized, 11,197,625 and 11,062,729 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively		112		111
Additional paid in capital		400,188		395,871
Retained earnings		382,661		315,975
Accumulated other comprehensive income (loss), net of tax		(53,134)		(52,936)
Total stockholders’ equity		729,827		659,021
Total liabilities and stockholders’ equity		$7,300,749		$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.