METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2024

PR Newswire

01-21

ATLANTA, Jan. 21, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.2 ...

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REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2024","media":"PR Newswire","content":"<div>\n<p>ATLANTA, Jan. 21, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (\"MetroCity\" or the \"Company\") (NASDAQ: MCBS), holding company for Metro City Bank (the \"Bank\"), today reported net income of $16.2 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/metrocity-bankshares-inc-reports-earnings-143000030.html\">網頁鏈接</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMETROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2024\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">PR Newswire</strong><span class=\"h-time small\">2025-01-21 22:30</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>ATLANTA, Jan. 21, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (\"MetroCity\" or the \"Company\") (NASDAQ: MCBS), holding company for Metro City Bank (the \"Bank\"), today reported net income of $16.2 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/metrocity-bankshares-inc-reports-earnings-143000030.html\">網頁鏈接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/metrocity-bankshares-inc-reports-earnings-143000030.html\">PR Newswire</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MCBS","symbol_name":"MetroCity Bankshares Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/metrocity-bankshares-inc-reports-earnings-143000030.html","article_id":"2505527155","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/metrocity-bankshares-inc-reports-earnings-143000030.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2505527155","pubTimestamp":1737469800,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"ATLANTA, Jan. 21, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc.  , holding company for Metro City Bank , today reported net income of $16.2 million, or $0.63 per diluted share, for the fourth quarter of 2024, compared to $16.7 million, or $0.65 per diluted share, for the third quarter of 2024, and $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported net income of $64.5 million, or $2.52 per diluted share, compared to $51.6 million, or $2.02 per diluted share, for the same period in 2023.Annualized return on average assets was 1.82%, compared to 1.86% for the third quarter of 2024 and 1.29% for the fourth quarter of 2023.Net interest margin was 3.57%, compared to 3.58% for the third quarter of 2024 and 3.17% for the fourth quarter of 2023. Return on average assets was 1.81%, compared to 1.50% for 2023.Efficiency ratio of 37.8% for 2024, compared to 39.9% for 2023.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MCBS":"MetroCity Bankshares Inc","INC":"VANECK DYNAMIC HIGH INCOME ETF","FOR":"福里斯特","YEAR":"AB ULTRA SHORT INCOME ETF"},"translate_title":"大都会银行股份公司。报告第四季度和截至2024年的年度收益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FOR":1,"INC":1,"MCBS":0.9,"YEAR":1},"content_text":"ATLANTA, Jan. 21, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (\"MetroCity\" or the \"Company\") (NASDAQ: MCBS), holding company for Metro City Bank (the \"Bank\"), today reported net income of $16.2 million, or $0.63 per diluted share, for the fourth quarter of 2024, compared to $16.7 million, or $0.65 per diluted share, for the third quarter of 2024, and $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported net income of $64.5 million, or $2.52 per diluted share, compared to $51.6 million, or $2.02 per diluted share, for the same period in 2023.\n\n  \n\nFourth Quarter 2024 Highlights:\n\nAnnualized return on average assets was 1.82%, compared to 1.86% for the third quarter of 2024 and 1.29% for the fourth quarter of 2023.\nAnnualized return on average equity was 15.84%, compared to 16.26% for the third quarter of 2024 and 11.71% for the fourth quarter of 2023. Excluding average accumulated other comprehensive income, our return on average equity was 16.28% for the fourth quarter of 2024, compared to 17.25% for the third quarter of 2024 and 12.69% for the fourth quarter of 2023.\nEfficiency ratio of 40.5%, compared to 37.0% for the third quarter of 2024 and 45.1% for the fourth quarter of 2023.\nNet interest margin was 3.57%, compared to 3.58% for the third quarter of 2024 and 3.17% for the fourth quarter of 2023\nLoans held for investment increased by $70.1 million, or 2.3%, to $3.16 billion from the previous quarter.\n\nFull Year 2024 Highlights:\n\nReturn on average assets was 1.81%, compared to 1.50% for 2023.\nReturn on average equity was 16.16%, compared to 14.10% for 2023. Excluding average accumulated other comprehensive income, our return on average equity was 16.71% for 2024, compared to 15.00% for 2023.\nEfficiency ratio of 37.8% for 2024, compared to 39.9% for 2023.\nNet interest margin increased by 38 basis points to 3.51% from 3.13% for 2023.\nTotal assets increased by $91.2 million, or 2.6%, to $3.59 billion from $3.50 billion at December 31, 2023.\n\nResults of Operations \nNet Income\nNet income was $16.2 million for the fourth quarter of 2024, a decrease of $466,000, or 2.8%, from $16.7 million for the third quarter of 2024. This decrease was primarily due to decrease in noninterest income of $1.3 million, an increase in noninterest expense of $666,000 and a decrease in net interest income of $229,000, offset by a decrease in income tax expense of $1.3 million and a decrease in provision for credit losses of $380,000. Net income increased by $4.9 million, or 43.1%, in the fourth quarter of 2024 compared to net income of $11.3 million for the fourth quarter of 2023. This increase was due to an increase in net interest income of $3.9 million, an increase in noninterest income of $609,000, a decrease in provision for credit losses of $580,000 and a decrease in income tax expense of $172,000, offset by an increase in noninterest expense of $411,000.\nNet income was $64.5 million for the year ended December 31, 2024, an increase of $12.9 million, or 25.0%, from $51.6 million for the year ended December 31, 2023. This increase was due to an increase in net interest income of $16.7 million and an increase in noninterest income of $4.9 million, offset by an increase in noninterest expense of $5.7 million, an increase in income tax expense of $2.5 million and an increase in provision for credit losses of $531,000.\nNet Interest Income and Net Interest Margin\nInterest income totaled $52.6 million for the fourth quarter of 2024, a decrease of $1.2 million, or 2.3%, from the previous quarter, primarily due to a $40.3 million decrease in the average total investments balance, a 22 basis points decrease in the total investments yield and a 12 basis points decrease in the loan yield, offset by a $22.0 million increase in average loan balances. As compared to the fourth quarter of 2023, interest income for the fourth quarter of 2024 increased by $1.9 million, or 3.8%, primarily due to a 20 basis points increase in the loan yield coupled with a $61.9 million increase in average loan balances.\nInterest expense totaled $22.6 million for the fourth quarter of 2024, a decrease of $990,000, or 4.2%, from the previous quarter, primarily due to a 16 basis points decrease in deposit costs coupled with a $10.2 million decrease in the average deposit balances. As compared to the fourth quarter of 2023, interest expense for the fourth quarter of 2024 decreased by $2.0 million or 8.1%, primarily due to a 50 basis points decrease in deposit costs coupled with a $27.0 million decrease in average deposit balances, offset by a 58 basis points increase in borrowing costs and a $60.3 million increase in the average borrowing balance. The Company currently has interest rate derivative agreements totaling $850.0 million that are designated as cash flow hedges of our deposit accounts indexed to the Effective Federal Funds Rate (currently 4.33%). The weighted average pay rate for these interest rate derivatives is 2.29%. During the fourth quarter of 2024, we recorded a credit to interest expense of $5.1 million from the benefit received on these interest rate derivatives compared to a benefit of $6.4 million and $3.1 million recorded during the third quarter of 2024 and the fourth quarter of 2023, respectively.\nThe net interest margin for the fourth quarter of 2024 was 3.57% compared to 3.58% for the previous quarter, a decrease of one basis point. The yield on average interest-earning assets for the fourth quarter of 2024 decreased by 11 basis points to 6.25% from 6.36% for the previous quarter, while the cost of average interest-bearing liabilities for the fourth quarter of 2024 decreased by 14 basis points to 3.55% from 3.69% for the previous quarter. Average earning assets decreased by $18.3 million from the previous quarter, due to a decrease in average total investments of $40.3 million, offset by an increase of $22.0 million in average loan balances. Average interest-bearing liabilities decreased by $10.9 million from the previous quarter as average interest-bearing deposits decreased by $10.2 million and average borrowings decreased slightly by $677,000.\nAs compared to the same period in 2023, the net interest margin for the fourth quarter of 2024 increased by 40 basis points to 3.57% from 3.17%, primarily due to an 11 basis points increase in the yield on average interest-earning assets of $3.35 billion and a 36 basis points decrease in the cost of average interest-bearing liabilities of $2.52 billion. Average earning assets for the fourth quarter of 2024 increased by $76.1 million from the fourth quarter of 2023, due to a $61.9 million increase in average loans and a $14.3 million increase in average total investments. Average interest-bearing liabilities for the fourth quarter of 2024 increased by $33.3 million from the fourth quarter of 2023, driven by the increase in average borrowings of $60.3 million, offset by a $27.0 decrease in average interest-bearing deposits.  \nNoninterest Income\nNoninterest income for the fourth quarter of 2024 was $5.3 million, a decrease of $1.3 million, or 19.6%, from the third quarter of 2024, primarily due to lower gains on sale from Small Business Administration (\"SBA\") and residential mortgage loans, servicing income from SBA loans, mortgage loan fees from lower volume and other income from unrealized losses recognized on our equity securities, offset by higher servicing income from mortgage loans. SBA loan sales totaled $19.2 million (sales premium of 6.25%) during the fourth quarter of 2024 compared to $28.9 million (sales premium of 6.67%) during the third quarter of 2024. Mortgage loan originations totaled $103.3 million during the fourth quarter 2024 compared to $122.4 million during the third quarter of 2024. No mortgage loans were sold during the fourth quarter of 2024 compared to $54.2 million of mortgage loan sales (average sales premium of 1.03%) during the third quarter of 2024. During the fourth quarter of 2024, we recorded a $31,000 fair value adjustment charge on our SBA servicing asset compared to a fair value gain of $202,000 during the third quarter of 2024. We also recorded a $232,000 fair value impairment recovery on our mortgage servicing asset during the fourth quarter of 2024 compared to a $252,000 fair value impairment charge recorded during the third quarter of 2024.\nCompared to the same period in 2023, noninterest income for the fourth quarter of 2024 increased by $609,000, or 12.9%, primarily due to higher gains on sale of SBA loans and servicing income from our mortgage loans, offset by decreases in mortgage loan fees from lower volume and servicing income from SBA loans, as well as lower other income from unrealized losses recognized on our equity securities. During the fourth quarter of 2023, we recorded a $147,000 fair value gain on our SBA servicing asset.\nNoninterest income for the year ended December 31, 2024 totaled $23.1 million, an increase of $4.9 million, or 26.7%, from the year ended December 31, 2023, primarily due to higher mortgage loan fees from higher volume, as well as higher gains on sale and servicing income from mortgage loans, offset by decreases in gains on sale and servicing income of SBA loans.\nNoninterest Expense\nNoninterest expense for the fourth quarter of 2024 totaled $14.3 million, an increase of $666,000, or 4.9%, from $13.7 million for the third quarter of 2024. This increase was primarily attributable to the increase in salary and employee benefits which included higher commissions from higher loan volume and higher employee salaries, 401k match and FICA taxes, partially offset by lower other real estate owned expenses. Compared to the fourth quarter of 2023, noninterest expense during the fourth quarter of 2024 increased by $411,000, or 3.0%, primarily due to higher salary and employee benefits, occupancy expense, data processing expense, security expense and loan related expenses, offset by lower FDIC insurance premiums and professional fees.\nNoninterest expense for the year ended December 31, 2024 totaled $53.4 million, an increase of $5.7 million, or 11.8%, from $47.7 million for the year ended December 31, 2023. This increase was primarily attributable to increases in salaries and employee benefits due to the increase in the number of full time equivalent employees during 2024, higher commissions from higher loan volume and higher employee insurance and stock based compensation. We also recognized higher expenses related to depreciation, rent, data processing, security, audit and accounting services, other real estate owned and FDIC insurance premiums. These expense increases were partially offset by lower loan related expenses and legal fees.\nThe Company's efficiency ratio was 40.5% for the fourth quarter of 2024 compared to 37.0% and 45.1% for the third quarter of 2024 and fourth quarter of 2023, respectively. For the year ended December 31, 2024, the efficiency ratio was 37.8 % compared to 39.9% for the year ended December 31, 2023.\nIncome Tax Expense\nThe Company's effective tax rate for the fourth quarter of 2024 was 22.1%, compared to 26.3% for the third quarter of 2024 and 29.7% for the fourth quarter of 2023. The Company's effective tax rate for the year ended December 31, 2024 was 26.1% compared to 28.3% for the year ended December 31, 2023. The decrease in the effective tax rate during the fourth quarter of 2024 was due to a tax provision to tax return adjustment recorded for our 2023 state tax returns filed during the third and fourth quarter of 2024.\nBalance Sheet\nTotal Assets\nTotal assets were $3.59 billion at December 31, 2024, an increase of $24.8 million, or 0.7%, from $3.57 billion at September 30, 2024, and an increase of $91.2 million, or 2.6%, from $3.50 billion at December 31, 2023. The $24.8 million increase in total assets at December 31, 2024 compared to September 30, 2024 was primarily due to increases in loans held for investment of $70.1 million and interest rate derivatives of $2.9 million, partially offset by decreases in cash and due from banks of $42.4 million and loans held for sale of $4.6 million. The $91.2 million increase in total assets at December 31, 2024 compared to December 31, 2023 was primarily due to increases in cash and due from banks of $94.2 million, loans held for investment of $15.8 million, federal funds sold of $10.9 million, Federal Home Loan Bank stock of $2.4 million and bank owned life insurance of $2.3 million, partially offset by decreases in loans held for sale of $22.3 million and interest rate derivatives of $10.0 million.   \nOur investment securities portfolio made up only 0.77% of our total assets at December 31, 2024 compared to 0.81% and 0.82% at September 30, 2024 and December 31, 2023, respectively.\nLoans\nLoans held for investment were $3.16 billion at December 31, 2024, an increase of $70.1 million, or 2.3%, compared to $3.09 billion at September 30, 2024, and an increase of $15.8 million, or 0.5%, compared to $3.14 billion at December 31, 2023. The increase in loans at December 31, 2024 compared to September 30, 2024 was due to a $27.0 million increase in residential mortgage loans, a $23.1 million increase in commercial real estate loans, a $14.6 million increase in commercial and industrial loans and a $5.0 million increase in construction and development loans. Loans classified as held for sale totaled $4.6 million and $22.3 million at September 30, 2024 and December 31, 2023, respectively. There were no loans classified as held for sale at December 31, 2024.\nDeposits\nTotal deposits were $2.74 billion at December 31, 2024, an increase of $13.7 million, or 0.5%, compared to total deposits of $2.72 billion at September 30, 2024, and an increase of $5.9 million, or 0.2%, compared to total deposits of $2.73 billion at December 31, 2023. The increase in total deposits at December 31, 2024 compared to September 30, 2024 was due to a $58.4 million increase in interest-bearing demand deposits and a  $6.6 million increase in money market accounts (includes $38.6 million decrease in brokered money market accounts), offset by a $35.0 million decrease in time deposits and a $16.2 million decrease in noninterest-bearing demand deposits.\nNoninterest-bearing deposits were $536.3 million at December 31, 2024, compared to $552.5 million at September 30, 2024 and $512.0 million at December 31, 2023. Noninterest-bearing deposits constituted 19.6% of total deposits at December 31, 2024, compared to 20.3% at September 30, 2024 and 18.7% at December 31, 2023. Interest-bearing deposits were $2.20 billion at December 31, 2024, compared to $2.17 billion at September 30, 2024 and $2.22 billion at December 31, 2023. Interest-bearing deposits constituted 80.4 % of total deposits at December 31, 2024, compared to 79.7% at September 30, 2024 and 81.3% at December 31, 2023.\nUninsured deposits were 24.1% of total deposits at December 31, 2024, compared to 23.6% and 26.5% at September 30, 2024 and December 31, 2023, respectively. As of December 31, 2024, we had $1.29 billion of available borrowing capacity at the Federal Home Loan Bank ($692.6 million), Federal Reserve Discount Window ($551.6 million) and various other financial institutions (fed fund lines totaling $47.5 million).\nAsset Quality\nThe Company recorded a provision for credit losses of $202,000 during the fourth quarter of 2024, compared to provision for credit losses of $582,000 and $782,000 recorded during the third quarter of 2024 and fourth quarter of 2023, respectively. The provision expense recorded during the fourth quarter of 2024 was primarily due to the increase in reserves allocated to our individually analyzed loans, as well as the increase in general reserves allocated to our commercial and industrial loan portfolio. Annualized net charge-offs to average loans for the fourth quarter of 2024 was 0.01%, compared to net charge-offs of 0.00% for the third quarter of 2024 and 0.04% for the fourth quarter of 2023. Net charge-offs to average loans for the year ended December 31, 2024 was 0.00% compared to 0.02% for the year ended December 31, 2023.\nNonperforming assets totaled $18.4 million, or 0.51% of total assets, at December 31, 2024, an increase of $2.6 million from $15.8 million, or 0.44% of total assets, at September 30, 2024, and an increase of $2.3 million from $16.1 million, or 0.46% of total assets, at December 31, 2023. The increase in nonperforming assets at December 31, 2024 compared to September 30, 2024 was due to a $3.7 million increase in nonaccrual loans offset by a $1.1 million decrease in other real estate owned.  \nAllowance for credit losses as a percentage of total loans was 0.59% at December 31, 2024, compared to 0.60% at September 30, 2024 and 0.57% at December 31, 2023. Allowance for credit losses as a percentage of nonperforming loans was 104.08% at December 31, 2024, compared to 129.85% and 123.36% at September 30, 2024 and December 31, 2023, respectively.\nAbout MetroCity Bankshares, Inc.\nMetroCity Bankshares, Inc. is a Georgia corporation and a registered bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta, Georgia metropolitan area. Founded in 2006, Metro City Bank currently operates 20 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. To learn more about Metro City Bank, visit www.metrocitybank.bank.\nForward-Looking Statements\nStatements in this press release regarding future events and our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, constitute \"forward-looking statements\" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical in nature and may be identified by references to a future period or periods by the use of the words \"believe,\" \"expect,\" \"anticipate,\" \"intend,\" \"plan,\" \"estimate,\" \"project,\" \"outlook,\" or words of similar meaning, or future or conditional verbs such as \"will,\" \"would,\" \"should,\" \"could,\" or \"may.\" The forward-looking statements in this press release should not be relied on because they are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of known and unknown risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, and other factors, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this press release and could cause us to make changes to our future plans. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions, particularly those affecting the financial services industry, including the effects of declines in the real estate market, high unemployment rates, inflationary pressures, changes in interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; potential impacts of adverse developments in the banking industry highlighted by high-profile bank failures, including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto; risks arising from media coverage of the banking industry; risks arising from perceived instability in the banking sector; changes in the interest rate environment, including changes to the federal funds rate, which could have an adverse effect on the Company's profitability; changes in prices, values and sales volumes of residential and commercial real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; competition in our markets that may result in increased funding costs or reduced earning assets yields, thus reducing margins and net interest income; legislation or regulatory changes which could adversely affect the ability of the consolidated Company to conduct business combinations or new operations; changes in tax laws; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities; the effects of war or other conflicts including the impacts related to or resulting from Russia's military action in Ukraine or the conflict in Israel and the surrounding region; and adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company's participation in and execution of government programs. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the sections titled \"Cautionary Note Regarding Forward-Looking Statements\" and \"Risk Factors\" in the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q on file with the U.S. Securities and Exchange Commission (the \"SEC\"), and in other documents that we file with the SEC from time to time, which are available on the SEC's website, http://www.sec.gov. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this press release are qualified in their entirety by this cautionary statement.\n\n\n\n\nContacts \n\n\n\nFarid Tan \nLucas Stewart \n\n\nPresident  \nChief Financial Officer \n\n\n770-455-4978 \n678-580-6414 \n\n\nfaridtan@metrocitybank.bank \nlucasstewart@metrocitybank.bank \n\n\n\n\n\n\n\n\nMETROCITY BANKSHARES, INC. SELECTED FINANCIAL DATA \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAs of and for the Three Months Ended  \n\nAs of and for the Year Ended  \n\n\n\n\n\nDecember 31,  \n\nSeptember 30,  \n\nJune 30,  \n\nMarch 31,  \n\nDecember 31,  \n\nDecember 31,  \n\nDecember 31,  \n\n\n\n(Dollars in thousands, except per share data) \n\n2024 \n\n2024 \n\n2024 \n\n2024 \n\n2023 \n\n2024 \n\n2023 \n\n\n\nSelected income statement data:  \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInterest income \n\n$ \n52,614 \n\n$ \n53,833 \n\n$ \n54,108 \n\n$ \n52,358 \n\n$ \n50,671 \n\n$ \n212,913 \n\n$ \n192,827 \n\n\n\nInterest expense \n\n\n22,554 \n\n\n23,544 \n\n\n23,396 \n\n\n25,273 \n\n\n24,549 \n\n\n94,767 \n\n\n91,348 \n\n\n\nNet interest income \n\n\n30,060 \n\n\n30,289 \n\n\n30,712 \n\n\n27,085 \n\n\n26,122 \n\n\n118,146 \n\n\n101,479 \n\n\n\nProvision for credit losses \n\n\n202 \n\n\n582 \n\n\n(128) \n\n\n(140) \n\n\n782 \n\n\n516 \n\n\n(15) \n\n\n\nNoninterest income \n\n\n5,321 \n\n\n6,615 \n\n\n5,559 \n\n\n5,568 \n\n\n4,712 \n\n\n23,063 \n\n\n18,204 \n\n\n\nNoninterest expense \n\n\n14,326 \n\n\n13,660 \n\n\n13,032 \n\n\n12,361 \n\n\n13,915 \n\n\n53,379 \n\n\n47,726 \n\n\n\nIncome tax expense \n\n\n4,618 \n\n\n5,961 \n\n\n6,430 \n\n\n5,801 \n\n\n4,790 \n\n\n22,810 \n\n\n20,359 \n\n\n\nNet income \n\n\n16,235 \n\n\n16,701 \n\n\n16,937 \n\n\n14,631 \n\n\n11,347 \n\n\n64,504 \n\n\n51,613 \n\n\n\nPer share data: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic income per share \n\n$ \n0.64 \n\n$ \n0.66 \n\n$ \n0.67 \n\n$ \n0.58 \n\n$ \n0.45 \n\n$ \n2.55 \n\n$ \n2.05 \n\n\n\nDiluted income per share \n\n$ \n0.63 \n\n$ \n0.65 \n\n$ \n0.66 \n\n$ \n0.57 \n\n$ \n0.44 \n\n$ \n2.52 \n\n$ \n2.02 \n\n\n\nDividends per share \n\n$ \n0.23 \n\n$ \n0.20 \n\n$ \n0.20 \n\n$ \n0.20 \n\n$ \n0.18 \n\n$ \n0.83 \n\n$ \n0.72 \n\n\n\nBook value per share (at period end) \n\n$ \n16.59 \n\n$ \n16.07 \n\n$ \n16.08 \n\n$ \n15.73 \n\n$ \n15.14 \n\n$ \n16.59 \n\n$ \n15.14 \n\n\n\nShares of common stock outstanding \n\n\n25,402,782 \n\n\n25,331,916 \n\n\n25,331,916 \n\n\n25,205,506 \n\n\n25,205,506 \n\n\n25,402,782 \n\n\n25,205,506 \n\n\n\nWeighted average diluted shares \n\n\n25,659,483 \n\n\n25,674,858 \n\n\n25,568,333 \n\n\n25,548,089 \n\n\n25,543,861 \n\n\n25,582,121 \n\n\n25,518,516 \n\n\n\nPerformance ratios: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nReturn on average assets \n\n\n1.82 \n% \n\n1.86 \n% \n\n1.89 \n% \n\n1.65 \n% \n\n1.29 \n% \n\n1.81 \n% \n\n1.50 \n% \n\n\nReturn on average equity \n\n\n15.84 \n\n\n16.26 \n\n\n17.10 \n\n\n15.41 \n\n\n11.71 \n\n\n16.16 \n\n\n14.10 \n\n\n\nDividend payout ratio \n\n\n36.18 \n\n\n30.58 \n\n\n30.03 \n\n\n34.77 \n\n\n40.36 \n\n\n32.80 \n\n\n35.43 \n\n\n\nYield on total loans \n\n\n6.31 \n\n\n6.43 \n\n\n6.46 \n\n\n6.34 \n\n\n6.11 \n\n\n6.38 \n\n\n5.97 \n\n\n\nYield on average earning assets \n\n\n6.25 \n\n\n6.36 \n\n\n6.45 \n\n\n6.27 \n\n\n6.14 \n\n\n6.33 \n\n\n5.94 \n\n\n\nCost of average interest bearing liabilities \n\n\n3.55 \n\n\n3.69 \n\n\n3.68 \n\n\n3.94 \n\n\n3.91 \n\n\n3.72 \n\n\n3.73 \n\n\n\nCost of deposits \n\n\n3.45 \n\n\n3.61 \n\n\n3.63 \n\n\n3.97 \n\n\n3.95 \n\n\n3.67 \n\n\n3.85 \n\n\n\nNet interest margin \n\n\n3.57 \n\n\n3.58 \n\n\n3.66 \n\n\n3.24 \n\n\n3.17 \n\n\n3.51 \n\n\n3.13 \n\n\n\nEfficiency ratio(1) \n\n\n40.49 \n\n\n37.01 \n\n\n35.93 \n\n\n37.86 \n\n\n45.13 \n\n\n37.80 \n\n\n39.88 \n\n\n\nAsset quality data (at period end):  \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet charge-offs/(recoveries) to average loans held for investment \n\n\n0.01 \n% \n\n0.00 \n% \n\n(0.01) \n% \n\n(0.00) \n% \n\n0.04 \n% \n\n0.00 \n% \n\n0.02 \n% \n\n\nNonperforming assets to gross loans held for investment and OREO \n\n\n0.58 \n\n\n0.51 \n\n\n0.47 \n\n\n0.47 \n\n\n0.51 \n\n\n0.58 \n\n\n0.51 \n\n\n\nACL to nonperforming loans \n\n\n104.08 \n\n\n129.85 \n\n\n138.11 \n\n\n135.23 \n\n\n123.36 \n\n\n104.08 \n\n\n123.36 \n\n\n\nACL to loans held for investment \n\n\n0.59 \n\n\n0.60 \n\n\n0.58 \n\n\n0.58 \n\n\n0.57 \n\n\n0.59 \n\n\n0.57 \n\n\n\nBalance sheet and capital ratios: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGross loans held for investment to deposits \n\n\n115.66 \n% \n\n113.67 \n% \n\n112.85 \n% \n\n111.03 \n% \n\n115.38 \n% \n\n115.66 \n% \n\n115.38 \n% \n\n\nNoninterest bearing deposits to deposits \n\n\n19.60 \n\n\n20.29 \n\n\n20.54 \n\n\n19.43 \n\n\n18.75 \n\n\n19.60 \n\n\n18.75 \n\n\n\nInvestment securities to assets \n\n\n0.77 \n\n\n0.81 \n\n\n0.78 \n\n\n0.78 \n\n\n0.82 \n\n\n0.77 \n\n\n0.82 \n\n\n\nCommon equity to assets \n\n\n11.72 \n\n\n11.41 \n\n\n11.26 \n\n\n10.87 \n\n\n10.89 \n\n\n11.72 \n\n\n10.89 \n\n\n\nLeverage ratio \n\n\n11.42 \n\n\n11.12 \n\n\n10.75 \n\n\n10.27 \n\n\n10.20 \n\n\n11.42 \n\n\n10.20 \n\n\n\nCommon equity tier 1 ratio \n\n\n19.17 \n\n\n19.08 \n\n\n18.25 \n\n\n16.96 \n\n\n16.73 \n\n\n19.17 \n\n\n16.73 \n\n\n\nTier 1 risk-based capital ratio \n\n\n19.17 \n\n\n19.08 \n\n\n18.25 \n\n\n16.96 \n\n\n16.73 \n\n\n19.17 \n\n\n16.73 \n\n\n\nTotal risk-based capital ratio \n\n\n20.05 \n\n\n19.98 \n\n\n19.12 \n\n\n17.81 \n\n\n17.60 \n\n\n20.05 \n\n\n17.60 \n\n\n\nMortgage and SBA loan data:  \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMortgage loans serviced for others \n\n$ \n527,039 \n\n$ \n556,442 \n\n$ \n529,823 \n\n$ \n443,905 \n\n$ \n443,072 \n\n$ \n527,039 \n\n$ \n443,072 \n\n\n\nMortgage loan production \n\n\n103,250 \n\n\n122,355 \n\n\n94,056 \n\n\n94,016 \n\n\n128,931 \n\n\n413,677 \n\n\n336,987 \n\n\n\nMortgage loan sales \n\n\n— \n\n\n54,193 \n\n\n111,424 \n\n\n21,873 \n\n\n— \n\n\n187,490 \n\n\n— \n\n\n\nSBA/USDA loans serviced for others \n\n\n479,669 \n\n\n487,359 \n\n\n486,051 \n\n\n516,425 \n\n\n508,000 \n\n\n479,669 \n\n\n508,000 \n\n\n\nSBA loan production \n\n\n35,730 \n\n\n35,839 \n\n\n8,297 \n\n\n10,949 \n\n\n27,529 \n\n\n90,815 ...\n     \n\n88,090 \n\n\n\nSBA loan sales \n\n\n19,236 \n\n\n28,858 \n\n\n— \n\n\n24,065 \n\n\n— \n\n\n72,159 \n\n\n71,925 \n\n\n\n\n\n\n\n\n\n______________________________________ \n\n\n(1)   Represents noninterest expense divided by the sum of net interest income plus noninterest income. \n\n\n\n\n\n\n\n\nMETROCITY BANKSHARES, INC. CONSOLIDATED BALANCE SHEETS (UNAUDITED) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAs of the Quarter Ended \n\n\n\n\nDecember 31,  \n\nSeptember 30,  \n\nJune 30,  \n\nMarch 31,  \n\nDecember 31,  \n\n\n(Dollars in thousands, except per share data) \n\n2024 \n\n2024 \n\n2024 \n\n2024 \n\n2023 \n\n\nASSETS \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash and due from banks \n\n$ \n236,338 \n\n$ \n278,752 \n\n$ \n325,026 \n\n$ \n254,331 \n\n$ \n142,152 \n\n\nFederal funds sold \n\n\n13,537 \n\n\n12,462 \n\n\n2,833 \n\n\n4,505 \n\n\n2,653 \n\n\nCash and cash equivalents \n\n\n249,875 \n\n\n291,214 \n\n\n327,859 \n\n\n258,836 \n\n\n144,805 \n\n\nEquity securities \n\n\n10,300 \n\n\n10,568 \n\n\n10,276 \n\n\n10,288 \n\n\n10,335 \n\n\nSecurities available for sale (at fair value) \n\n\n17,391 \n\n\n18,206 \n\n\n17,825 \n\n\n18,057 \n\n\n18,493 \n\n\nLoans held for investment \n\n\n3,157,935 \n\n\n3,087,826 \n\n\n3,090,498 \n\n\n3,115,871 \n\n\n3,142,105 \n\n\nAllowance for credit losses \n\n\n(18,744) \n\n\n(18,589) \n\n\n(17,960) \n\n\n(17,982) \n\n\n(18,112) \n\n\nLoans less allowance for credit losses \n\n\n3,139,191 \n\n\n3,069,237 \n\n\n3,072,538 \n\n\n3,097,889 \n\n\n3,123,993 \n\n\nLoans held for sale \n\n\n— \n\n\n4,598 \n\n\n— \n\n\n72,610 \n\n\n22,267 \n\n\nAccrued interest receivable \n\n\n15,858 \n\n\n15,667 \n\n\n15,286 \n\n\n15,686 \n\n\n15,125 \n\n\nFederal Home Loan Bank stock \n\n\n20,251 \n\n\n20,251 \n\n\n20,251 \n\n\n19,063 \n\n\n17,846 \n\n\nPremises and equipment, net \n\n\n18,276 \n\n\n18,158 \n\n\n18,160 \n\n\n18,081 \n\n\n18,132 \n\n\nOperating lease right-of-use asset \n\n\n7,850 \n\n\n7,171 \n\n\n7,599 \n\n\n8,030 \n\n\n8,472 \n\n\nForeclosed real estate, net \n\n\n427 \n\n\n1,515 \n\n\n1,452 \n\n\n1,452 \n\n\n1,466 \n\n\nSBA servicing asset, net \n\n\n7,274 \n\n\n7,309 \n\n\n7,108 \n\n\n7,611 \n\n\n7,251 \n\n\nMortgage servicing asset, net \n\n\n1,409 \n\n\n1,296 \n\n\n1,454 \n\n\n937 \n\n\n1,273 \n\n\nBank owned life insurance \n\n\n73,285 \n\n\n72,670 \n\n\n72,061 \n\n\n71,492 \n\n\n70,957 \n\n\nInterest rate derivatives \n\n\n21,790 \n\n\n18,895 \n\n\n36,196 \n\n\n38,682 \n\n\n31,781 \n\n\nOther assets \n\n\n10,868 \n\n\n12,451 \n\n\n7,305 \n\n\n8,505 \n\n\n10,627 \n\n\nTotal assets \n\n$ \n3,594,045 \n\n$ \n3,569,206 \n\n$ \n3,615,370 \n\n$ \n3,647,219 \n\n$ \n3,502,823 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLIABILITIES \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNoninterest-bearing deposits \n\n$ \n536,276 \n\n$ \n552,472 \n\n$ \n564,076 \n\n$ \n546,760 \n\n$ \n512,045 \n\n\nInterest-bearing deposits \n\n\n2,200,522 \n\n\n2,170,648 \n\n\n2,181,784 \n\n\n2,267,098 \n\n\n2,218,891 \n\n\nTotal deposits \n\n\n2,736,798 \n\n\n2,723,120 \n\n\n2,745,860 \n\n\n2,813,858 \n\n\n2,730,936 \n\n\nFederal Home Loan Bank advances \n\n\n375,000 \n\n\n375,000 \n\n\n375,000 \n\n\n350,000 \n\n\n325,000 \n\n\nOperating lease liability \n\n\n7,940 \n\n\n7,295 \n\n\n7,743 \n\n\n8,189 \n\n\n8,651 \n\n\nAccrued interest payable \n\n\n3,498 \n\n\n3,593 \n\n\n3,482 \n\n\n3,059 \n\n\n4,133 \n\n\nOther liabilities \n\n\n49,456 \n\n\n53,013 \n\n\n76,057 \n\n\n75,509 \n\n\n52,586 \n\n\nTotal liabilities \n\n$ \n3,172,692 \n\n$ \n3,162,021 \n\n$ \n3,208,142 \n\n$ \n3,250,615 \n\n$ \n3,121,306 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSHAREHOLDERS' EQUITY \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPreferred stock \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\nCommon stock \n\n\n254 \n\n\n253 \n\n\n253 \n\n\n252 \n\n\n252 \n\n\nAdditional paid-in capital \n\n\n49,216 \n\n\n47,481 \n\n\n46,644 \n\n\n46,105 \n\n\n45,699 \n\n\nRetained earnings \n\n\n358,704 \n\n\n348,343 \n\n\n336,749 \n\n\n324,900 \n\n\n315,356 \n\n\nAccumulated other comprehensive income \n\n\n13,179 \n\n\n11,108 \n\n\n23,582 \n\n\n25,347 \n\n\n20,210 \n\n\nTotal shareholders' equity \n\n\n421,353 \n\n\n407,185 \n\n\n407,228 \n\n\n396,604 \n\n\n381,517 \n\n\nTotal liabilities and shareholders' equity \n\n$ \n3,594,045 \n\n$ \n3,569,206 \n\n$ \n3,615,370 \n\n$ \n3,647,219 \n\n$ \n3,502,823 \n\n\n\n\n\n\n\n\nMETROCITY BANKSHARES, INC. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThree Months Ended  \n\nYear Ended  \n\n\n\n\nDecember 31,  \n\nSeptember 30,  \n\nJune 30,  \n\nMarch 31,  \n\nDecember 31,  \n\nDecember 31,  \n\nDecember 31,  \n\n\n(Dollars in thousands, except per share data) \n\n2024 \n\n2024 \n\n2024 \n\n2024 \n\n2023 \n\n2024 \n\n2023 \n\n\nInterest and dividend income: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoans, including fees \n\n$ \n49,790 \n\n$ \n50,336 \n\n$ \n50,527 \n\n$ \n50,117 \n\n$ \n47,367 \n\n$ \n200,770 \n\n$ \n181,883 \n\n\nOther investment income \n\n\n2,663 \n\n\n3,417 \n\n\n3,547 \n\n\n2,211 \n\n\n3,267 \n\n\n11,838 \n\n\n10,767 \n\n\nFederal funds sold \n\n\n161 \n\n\n80 \n\n\n34 \n\n\n30 \n\n\n37 \n\n\n305 \n\n\n177 \n\n\nTotal interest income \n\n\n52,614 \n\n\n53,833 \n\n\n54,108 \n\n\n52,358 \n\n\n50,671 \n\n\n212,913 \n\n\n192,827 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInterest expense: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDeposits \n\n\n18,618 \n\n\n19,602 \n\n\n19,735 \n\n\n22,105 \n\n\n21,691 \n\n\n80,060 \n\n\n80,607 \n\n\nFHLB advances and other borrowings \n\n\n3,936 \n\n\n3,942 \n\n\n3,661 \n\n\n3,168 \n\n\n2,858 \n\n\n14,707 \n\n\n10,741 \n\n\nTotal interest expense \n\n\n22,554 \n\n\n23,544 \n\n\n23,396 \n\n\n25,273 \n\n\n24,549 \n\n\n94,767 \n\n\n91,348 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet interest income \n\n\n30,060 \n\n\n30,289 \n\n\n30,712 \n\n\n27,085 \n\n\n26,122 \n\n\n118,146 \n\n\n101,479 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProvision for credit losses \n\n\n202 \n\n\n582 \n\n\n(128) \n\n\n(140) \n\n\n782 \n\n\n516 \n\n\n(15) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet interest income after provision for loan losses \n\n\n29,858 \n\n\n29,707 \n\n\n30,840 \n\n\n27,225 \n\n\n25,340 \n\n\n117,630 \n\n\n101,494 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNoninterest income: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nService charges on deposit accounts \n\n\n563 \n\n\n531 \n\n\n532 \n\n\n447 \n\n\n515 \n\n\n2,073 \n\n\n1,918 \n\n\nOther service charges, commissions and fees \n\n\n1,748 \n\n\n1,915 \n\n\n1,573 \n\n\n1,612 \n\n\n2,039 \n\n\n6,848 \n\n\n5,657 \n\n\nGain on sale of residential mortgage loans \n\n\n— \n\n\n526 \n\n\n1,177 \n\n\n222 \n\n\n— \n\n\n1,914 \n\n\n— \n\n\nMortgage servicing income, net \n\n\n690 \n\n\n422 \n\n\n1,107 \n\n\n229 \n\n\n39 \n\n\n2,448 \n\n\n(193) \n\n\nGain on sale of SBA loans \n\n\n811 \n\n\n1,083 \n\n\n— \n\n\n1,051 \n\n\n— \n\n\n2,945 \n\n\n3,299 \n\n\nSBA servicing income, net \n\n\n956 \n\n\n1,231 \n\n\n560 \n\n\n1,496 \n\n\n1,324 \n\n\n4,243 \n\n\n4,796 \n\n\nOther income \n\n\n553 \n\n\n907 \n\n\n610 \n\n\n511 \n\n\n795 \n\n\n2,592 \n\n\n2,727 \n\n\nTotal noninterest income \n\n\n5,321 \n\n\n6,615 \n\n\n5,559 \n\n\n5,568 \n\n\n4,712 \n\n\n23,063 \n\n\n18,204 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNoninterest expense: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSalaries and employee benefits \n\n\n9,277 \n\n\n8,512 \n\n\n8,048 \n\n\n7,370 \n\n\n8,971 \n\n\n33,207 \n\n\n29,304 \n\n\nOccupancy \n\n\n1,406 \n\n\n1,430 \n\n\n1,334 \n\n\n1,354 \n\n\n1,368 \n\n\n5,524 \n\n\n4,893 \n\n\nData Processing \n\n\n335 \n\n\n311 \n\n\n353 \n\n\n294 \n\n\n301 \n\n\n1,293 \n\n\n1,229 \n\n\nAdvertising \n\n\n160 \n\n\n145 \n\n\n157 \n\n\n172 \n\n\n160 \n\n\n634 \n\n\n614 \n\n\nOther expenses \n\n\n3,148 \n\n\n3,262 \n\n\n3,140 \n\n\n3,171 \n\n\n3,115 \n\n\n12,721 \n\n\n11,686 \n\n\nTotal noninterest expense \n\n\n14,326 \n\n\n13,660 \n\n\n13,032 \n\n\n12,361 \n\n\n13,915 \n\n\n53,379 \n\n\n47,726 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIncome before provision for income taxes \n\n\n20,853 \n\n\n22,662 \n\n\n23,367 \n\n\n20,432 \n\n\n16,137 \n\n\n87,314 \n\n\n71,972 \n\n\nProvision for income taxes \n\n\n4,618 \n\n\n5,961 \n\n\n6,430 \n\n\n5,801 \n\n\n4,790 \n\n\n22,810 \n\n\n20,359 \n\n\nNet income available to common shareholders \n\n$ \n16,235 \n\n$ \n16,701 \n\n$ \n16,937 \n\n$ \n14,631 \n\n$ \n11,347 \n\n$ \n64,504 \n\n$ \n51,613 \n\n\n\n\n\n\n\n\nMETROCITY BANKSHARES, INC. QTD AVERAGE BALANCES AND YIELDS/RATES \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThree Months Ended  \n\n\n\n\n\nDecember 31, 2024 \n\nSeptember 30, 2024 \n\nDecember 31, 2023 \n\n\n\n\n\nAverage  \n\nInterest and \n\nYield / \n\nAverage \n\nInterest and \n\nYield / \n\nAverage \n\nInterest and \n\nYield / \n\n\n\n(Dollars in thousands) \n\nBalance \n\nFees \n\nRate \n\nBalance \n\nFees \n\nRate \n\nBalance \n\nFees \n\nRate \n\n\n\nEarning Assets: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFederal funds sold and other investments(1) \n\n$ \n180,628 \n\n$ \n2,560 \n\n5.64 \n% \n$ \n220,826 \n\n$ \n3,308 \n\n5.96 \n% \n$ \n165,877 \n\n$ \n2,938 \n\n7.03 \n% \n\n\nInvestment securities \n\n\n31,208 \n\n\n264 \n\n3.37 \n\n\n31,309 \n\n\n189 \n\n2.40 \n\n\n31,685 \n\n\n366 \n\n4.58 \n\n\n\nTotal investments \n\n\n211,836 \n\n\n2,824 \n\n5.30 \n\n\n252,135 \n\n\n3,497 \n\n5.52 \n\n\n197,562 \n\n\n3,304 \n\n6.64 \n\n\n\nConstruction and development \n\n\n17,974 \n\n\n384 \n\n8.50 \n\n\n14,170 \n\n\n302 \n\n8.48 \n\n\n18,002 \n\n\n344 \n\n7.58 \n\n\n\nCommercial real estate \n\n\n757,937 \n\n\n16,481 \n\n8.65 \n\n\n740,720 \n\n\n17,132 \n\n9.20 \n\n\n664,570 \n\n\n14,934 \n\n8.92 \n\n\n\nCommercial and industrial \n\n\n73,468 \n\n\n1,703 \n\n9.22 \n\n\n64,584 \n\n\n1,593 \n\n9.81 \n\n\n59,465 \n\n\n1,473 \n\n9.83 \n\n\n\nResidential real estate \n\n\n2,287,731 \n\n\n31,172 \n\n5.42 \n\n\n2,295,573 \n\n\n31,267 \n\n5.42 \n\n\n2,333,247 \n\n\n30,577 \n\n5.20 \n\n\n\nConsumer and other \n\n\n282 \n\n\n50 \n\n70.54 \n\n\n394 \n\n\n42 \n\n42.41 \n\n\n258 \n\n\n39 \n\n59.97 \n\n\n\nGross loans(2) \n\n\n3,137,392 \n\n\n49,790 \n\n6.31 \n\n\n3,115,441 \n\n\n50,336 \n\n6.43 \n\n\n3,075,542 \n\n\n47,367 \n\n6.11 \n\n\n\nTotal earning assets \n\n\n3,349,228 \n\n\n52,614 \n\n6.25 \n\n\n3,367,576 \n\n\n53,833 \n\n6.36 \n\n\n3,273,104 \n\n\n50,671 \n\n6.14 \n\n\n\nNoninterest-earning assets \n\n\n192,088 \n\n\n\n\n\n\n\n207,093 \n\n\n\n\n\n\n\n223,630 \n\n\n\n\n\n\n\n\nTotal assets \n\n\n3,541,316 \n\n\n\n\n\n\n\n3,574,669 \n\n\n\n\n\n\n\n3,496,734 \n\n\n\n\n\n\n\n\nInterest-bearing liabilities:  \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNOW and savings deposits \n\n\n133,728 \n\n\n685 \n\n2.04 \n\n\n119,759 \n\n\n770 \n\n2.56 \n\n\n133,765 \n\n\n396 \n\n1.17 \n\n\n\nMoney market deposits \n\n\n991,207 \n\n\n6,347 \n\n2.55 \n\n\n982,517 \n\n\n6,156 \n\n2.49 \n\n\n1,051,797 \n\n\n10,609 \n\n4.00 \n\n\n\nTime deposits \n\n\n1,025,049 \n\n\n11,586 \n\n4.50 \n\n\n1,057,956 \n\n\n12,676 \n\n4.77 \n\n\n991,416 \n\n\n10,686 \n\n4.28 \n\n\n\nTotal interest-bearing deposits \n\n\n2,149,984 \n\n\n18,618 \n\n3.45 \n\n\n2,160,232 \n\n\n19,602 \n\n3.61 \n\n\n2,176,978 \n\n\n21,691 \n\n3.95 \n\n\n\nBorrowings \n\n\n375,000 \n\n\n3,936 \n\n4.18 \n\n\n375,677 \n\n\n3,942 \n\n4.17 \n\n\n314,682 \n\n\n2,858 \n\n3.60 \n\n\n\nTotal interest-bearing liabilities \n\n\n2,524,984 \n\n\n22,554 \n\n3.55 \n\n\n2,535,909 \n\n\n23,544 \n\n3.69 \n\n\n2,491,660 \n\n\n24,549 \n\n3.91 \n\n\n\nNoninterest-bearing liabilities: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNoninterest-bearing deposits \n\n\n533,931 \n\n\n\n\n\n\n\n542,939 \n\n\n\n\n\n\n\n530,935 \n\n\n\n\n\n\n\n\nOther noninterest-bearing liabilities \n\n\n74,696 \n\n\n\n\n\n\n\n87,156 \n\n\n\n\n\n\n\n89,615 \n\n\n\n\n\n\n\n\nTotal noninterest-bearing liabilities \n\n\n608,627 \n\n\n\n\n\n\n\n630,095 \n\n\n\n\n\n\n\n620,550 \n\n\n\n\n\n\n\n\nShareholders' equity \n\n\n407,705 \n\n\n\n\n\n\n\n408,665 \n\n\n\n\n\n\n\n384,524 \n\n\n\n\n\n\n\n\nTotal liabilities and shareholders' equity \n\n$ \n3,541,316 \n\n\n\n\n\n\n$ \n3,574,669 \n\n\n\n\n\n\n$ \n3,496,734 \n\n\n\n\n\n\n\n\nNet interest income \n\n\n\n\n$ \n30,060 \n\n\n\n\n\n\n$ \n30,289 \n\n\n\n\n\n\n$ \n26,122 \n\n\n\n\n\nNet interest spread \n\n\n\n\n\n\n\n2.70 \n\n\n\n\n\n\n\n2.67 \n\n\n\n\n\n\n\n2.23 \n\n\n\nNet interest margin \n\n\n\n\n\n\n\n3.57 \n\n\n\n\n\n\n\n3.58 \n\n\n\n\n\n\n\n3.17 \n\n\n\n\n\n\n\n\n\n______________________________________ \n\n\n(1) \nIncludes income and average balances for term federal funds sold, interest-earning cash accounts and other miscellaneous interest-earning assets. \n\n\n(2) \nAverage loan balances include nonaccrual loans and loans held for sale. \n\n\n\n\n\n\n\n\nMETROCITY BANKSHARES, INC. YTD AVERAGE BALANCES AND YIELDS/RATES \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nYear Ended  \n\n\n\n\n\nDecember 31, 2024 \n\nDecember 31, 2023 \n\n\n\n\n\nAverage \n\nInterest and \n\nYield / \n\nAverage \n\nInterest and \n\nYield / \n\n\n\n(Dollars in thousands) \n\nBalance \n\nFees \n\nRate \n\nBalance \n\nFees \n\nRate \n\n\n\nEarning Assets: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFederal funds sold and other investments(1) \n\n$ \n185,696 \n\n$ \n11,289 \n\n6.08 \n% \n$ \n167,024 \n\n$ \n9,995 \n\n5.98 \n% \n\n\nInvestment securities \n\n\n31,373 \n\n\n854 \n\n2.72 \n\n\n32,330 \n\n\n949 \n\n2.94 \n\n\n\nTotal investments \n\n\n217,069 \n\n\n12,143 \n\n5.59 \n\n\n199,354 \n\n\n10,944 \n\n5.49 \n\n\n\nConstruction and development \n\n\n17,148 \n\n\n1,511 \n\n8.81 \n\n\n31,955 \n\n\n1,864 \n\n5.83 \n\n\n\nCommercial real estate \n\n\n738,200 \n\n\n66,751 \n\n9.04 \n\n\n659,432 \n\n\n57,710 \n\n8.75 \n\n\n\nCommercial and industrial \n\n\n67,964 \n\n\n6,597 \n\n9.71 \n\n\n54,100 \n\n\n5,110 \n\n9.45 \n\n\n\nResidential real estate \n\n\n2,321,075 \n\n\n125,737 \n\n5.42 \n\n\n2,299,246 \n\n\n117,071 \n\n5.09 \n\n\n\nConsumer and other \n\n\n304 \n\n\n174 \n\n57.24 \n\n\n195 \n\n\n128 \n\n65.64 \n\n\n\nGross loans(2) \n\n\n3,144,691 \n\n\n200,770 \n\n6.38 \n\n\n3,044,928 \n\n\n181,883 \n\n5.97 \n\n\n\nTotal earning assets \n\n\n3,361,760 \n\n\n212,913 \n\n6.33 \n\n\n3,244,282 \n\n\n192,827 \n\n5.94 \n\n\n\nNoninterest-earning assets \n\n\n209,058 \n\n\n\n\n\n\n\n198,938 \n\n\n\n\n\n\n\n\nTotal assets \n\n\n3,570,818 \n\n\n\n\n\n\n\n3,443,220 \n\n\n\n\n\n\n\n\nInterest-bearing liabilities: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNOW and savings deposits \n\n\n138,827 \n\n\n3,537 \n\n2.55 \n\n\n146,543 \n\n\n2,264 \n\n1.54 \n\n\n\nMoney market deposits \n\n\n1,012,309 \n\n\n28,331 \n\n2.80 \n\n\n1,006,360 \n\n\n42,347 \n\n4.21 \n\n\n\nTime deposits \n\n\n1,031,942 \n\n\n48,192 \n\n4.67 \n\n\n940,911 \n\n\n35,996 \n\n3.83 \n\n\n\nTotal interest-bearing deposits \n\n\n2,183,078 \n\n\n80,060 \n\n3.67 \n\n\n2,093,814 \n\n\n80,607 \n\n3.85 \n\n\n\nBorrowings \n\n\n365,990 \n\n\n14,707 \n\n4.02 \n\n\n353,149 \n\n\n10,741 \n\n3.04 \n\n\n\nTotal interest-bearing liabilities \n\n\n2,549,068 \n\n\n94,767 \n\n3.72 \n\n\n2,446,963 \n\n\n91,348 \n\n3.73 \n\n\n\nNoninterest-bearing liabilities: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNoninterest-bearing deposits \n\n\n536,084 \n\n\n\n\n\n\n\n555,840 \n\n\n\n\n\n\n\n\nOther noninterest-bearing liabilities \n\n\n86,496 \n\n\n\n\n\n\n\n74,254 \n\n\n\n\n\n\n\n\nTotal noninterest-bearing liabilities \n\n\n622,580 \n\n\n\n\n\n\n\n630,094 \n\n\n\n\n\n\n\n\nShareholders' equity \n\n\n399,170 \n\n\n\n\n\n\n\n366,163 \n\n\n\n\n\n\n\n\nTotal liabilities and shareholders' equity \n\n$ \n3,570,818 \n\n\n\n\n\n\n$ \n3,443,220 \n\n\n\n\n\n\n\n\nNet interest income \n\n\n\n\n$ \n118,146 \n\n\n\n\n\n\n$ \n101,479 \n\n\n\n\n\nNet interest spread \n\n\n\n\n\n\n\n2.61 \n\n\n\n\n\n\n\n2.21 \n\n\n\nNet interest margin \n\n\n\n\n\n\n\n3.51 \n\n\n\n\n\n\n\n3.13 \n\n\n\n\n\n\n\n\n\nMETROCITY BANKSHARES, INC. LOAN DATA \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAs of the Quarter Ended \n\n\n\n\n\nDecember 31, 2024 \n\nSeptember 30, 2024 \n\nJune 30, 2024 \n\nMarch 31, 2024 \n\nDecember 31, 2023 \n\n\n\n\n\n\n\n\n% of \n\n\n\n\n% of \n\n\n\n\n% of \n\n\n\n\n% of \n\n\n\n\n% of \n\n\n\n(Dollars in thousands) \n\nAmount \n\nTotal \n\nAmount \n\nTotal \n\nAmount \n\nTotal \n\nAmount \n\nTotal \n\nAmount \n\nTotal \n\n\n\nConstruction and development \n\n$ \n21,569 \n\n0.7 \n% \n$ \n16,539 \n\n0.5 \n% \n$ \n13,564 \n\n0.4 \n% \n$ \n27,762 \n\n0.9 \n% \n$ \n23,262 \n\n0.7 \n% \n\n\nCommercial real estate \n\n\n762,033 \n\n24.1 \n\n\n738,929 \n\n23.9 \n\n\n733,845 \n\n23.7 \n\n\n724,263 \n\n23.2 \n\n\n711,177 \n\n22.6 \n\n\n\nCommercial and industrial \n\n\n78,220 \n\n2.5 \n\n\n63,606 \n\n2.1 \n\n\n68,300 \n\n2.2 \n\n\n68,560 \n\n2.2 \n\n\n65,904 \n\n2.1 \n\n\n\nResidential real estate \n\n\n2,303,234 \n\n72.7 \n\n\n2,276,210 \n\n73.5 \n\n\n2,282,630 \n\n73.7 \n\n\n2,303,400 \n\n73.7 \n\n\n2,350,299 \n\n74.6 \n\n\n\nConsumer and other \n\n\n260 \n\n— \n\n\n215 \n\n— \n\n\n230 \n\n— \n\n\n247 \n\n— \n\n\n319 \n\n— \n\n\n\nGross loans held for investment \n\n$ \n3,165,316 \n\n100.0 \n% \n$ \n3,095,499 \n\n100.0 \n% \n$ \n3,098,569 \n\n100.0 \n% \n$ \n3,124,232 \n\n100.0 \n% \n$ \n3,150,961 \n\n100.0 \n% \n\n\nUnearned income \n\n\n(7,381) \n\n\n\n\n(7,673) \n\n\n\n\n(8,071) \n\n\n\n\n(8,361) \n\n\n\n\n(8,856) \n\n\n\n\n\nAllowance for credit losses \n\n\n(18,744) \n\n\n\n\n(18,589) \n\n\n\n\n(17,960) \n\n\n\n\n(17,982) \n\n\n\n\n(18,112) \n\n\n\n\n\nNet loans held for investment \n\n$ \n3,139,191 \n\n\n\n$ \n3,069,237 \n\n\n\n$ \n3,072,538 \n\n\n\n$ \n3,097,889 \n\n\n\n$ \n3,123,993 \n\n\n\n\n\n\n\n\n\n\n\nMETROCITY BANKSHARES, INC. NONPERFORMING ASSETS \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAs of the Quarter Ended \n\n\n\n\n\nDecember 31,  \n\nSeptember 30,  \n\nJune 30,  \n\nMarch 31,  \n\nDecember 31,  \n\n\n\n(Dollars in thousands) \n\n2024 \n\n2024 \n\n2024 \n\n2024 \n\n2023 \n\n\n\nNonaccrual loans \n\n$ \n18,010 \n\n$ \n14,316 \n\n$ \n13,004 \n\n$ \n13,297 \n\n$ \n14,682 \n\n\n\nPast due loans 90 days or more and still accruing \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n\nTotal non-performing loans \n\n\n18,010 \n\n\n14,316 \n\n\n13,004 \n\n\n13,297 \n\n\n14,682 \n\n\n\nOther real estate owned \n\n\n427 \n\n\n1,515 \n\n\n1,452 \n\n\n1,452 \n\n\n1,466 \n\n\n\nTotal non-performing assets \n\n$ \n18,437 \n\n$ \n15,831 \n\n$ \n14,456 \n\n$ \n14,749 \n\n$ \n16,148 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNonperforming loans to gross loans held for investment \n\n\n0.57 \n% \n\n0.46 \n% \n\n0.42 \n% \n\n0.43 \n% \n\n0.47 \n% \n\n\nNonperforming assets to total assets \n\n\n0.51 \n\n\n0.44 \n\n\n0.40 \n\n\n0.40 \n\n\n0.46 \n\n\n\nAllowance for credit losses to non-performing loans \n\n\n104.08 \n\n\n129.85 \n\n\n138.11 \n\n\n135.23 \n\n\n123.36 \n\n\n\n\n\n\n\n\n\nMETROCITY BANKSHARES, INC. ALLOWANCE FOR LOAN LOSSES \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAs of and for the Three Months Ended  \n\nAs of and for the Year Ended  \n\n\n\n\n\nDecember 31,  \n\nSeptember 30,  \n\nJune 30,  \n\nMarch 31,  \n\nDecember 31,  \n\nDecember 31,  \n\nDecember 31,  \n\n\n\n(Dollars in thousands) \n\n2024 \n\n2024 \n\n2024 \n\n2024 \n\n2023 \n\n2024 \n\n2023 \n\n\n\nBalance, beginning of period \n\n$ \n18,589 \n\n$ \n17,960 \n\n$ \n17,982 \n\n$ \n18,112 \n\n$ \n17,660 \n\n$ \n18,112 \n\n$ \n13,888 \n\n\n\nNet charge-offs/(recoveries): \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nConstruction and development \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n\nCommercial real estate \n\n\n— \n\n\n— \n\n\n(82) \n\n\n(1) \n\n\n224 \n\n\n(83) \n\n\n450 \n\n\n\nCommercial and industrial \n\n\n99 \n\n\n24 \n\n\n(1) \n\n\n(3) \n\n\n85 \n\n\n119 \n\n\n289 \n\n\n\nResidential real estate \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n\nConsumer and other \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n\nTotal net charge-offs/(recoveries) \n\n\n99 \n\n\n24 \n\n\n(83) \n\n\n(4) \n\n\n309 \n\n\n36 \n\n\n739 \n\n\n\nAdoption of ASU 2016-13 (CECL) \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n— \n\n\n5,055 \n\n\n\nProvision for loan losses \n\n\n254 \n\n\n653 \n\n\n(105) \n\n\n(134) \n\n\n761 \n\n\n668 \n\n\n(92) \n\n\n\nBalance, end of period \n\n$ \n18,744 \n\n$ \n18,589 \n\n$ \n17,960 \n\n$ \n17,982 \n\n$ \n18,112 \n\n$ \n18,744 \n\n$ \n18,112 \n\n\n\nTotal loans at end of period(1) \n\n$ \n3,165,316 \n\n$ \n3,095,499 \n\n$ \n3,098,569 \n\n$ \n3,124,232 \n\n$ \n3,150,961 \n\n$ \n3,165,316 \n\n$ \n3,150,961 \n\n\n\nAverage loans(1) \n\n$ \n3,135,093 \n\n$ \n3,115,441 \n\n$ \n3,108,303 \n\n$ \n3,134,286 \n\n$ \n3,064,409 \n\n$ \n3,125,389 \n\n$ \n3,039,361 \n\n\n\nNet charge-offs/(recoveries) to average loans \n\n\n0.01 \n% \n\n0.00 \n% \n\n(0.01) \n% \n\n(0.00) \n% \n\n0.04 \n% \n\n0.00 \n% \n\n0.02 \n% \n\n\nAllowance for loan losses to total loans \n\n\n0.59 \n\n\n0.60 \n\n\n0.58 \n\n\n0.58 \n\n\n0.57 \n\n\n0.59 \n\n\n0.57 \n\n\n\n\n\n\n\n\n\n______________________________________ \n\n\n(1)   Excludes loans held for sale. \n\n\n\n\n View original content to download multimedia:https://www.prnewswire.com/news-releases/metrocity-bankshares-inc-reports-earnings-for-fourth-quarter-and-year-ended-2024-302356120.html\nSOURCE MetroCity Bankshares, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}