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Mountain Commerce Bancorp (Mountain Commerce Bancorp) Tax Rate % : 14.50% (As of Jun. 2023)


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What is Mountain Commerce Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mountain Commerce Bancorp's Tax Expense for the three months ended in Jun. 2023 was $0.42 Mil. Mountain Commerce Bancorp's Pre-Tax Income for the three months ended in Jun. 2023 was $2.88 Mil. Therefore, Mountain Commerce Bancorp's Tax Rate % for the quarter that ended in Jun. 2023 was 14.50%.

Mountain Commerce Bancorp Tax Rate % Historical Data

The historical data trend for Mountain Commerce Bancorp's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mountain Commerce Bancorp Tax Rate % Chart

Mountain Commerce Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only 25.52 22.26 22.22 22.61 20.72

Mountain Commerce Bancorp Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.95 23.24 20.07 14.50 -

Mountain Commerce Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mountain Commerce Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=1.807/8.721
=20.72 %

Mountain Commerce Bancorp's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2023 )/Pre-Tax Income (Q: Jun. 2023 )
=0.417/2.876
=14.50 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mountain Commerce Bancorp Tax Rate % Related Terms

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Mountain Commerce Bancorp (Mountain Commerce Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mountain Commerce Bancorp Inc (OTCPK:MCBI) » Definitions » Tax Rate %
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FETM FINW LNKB CBBI FFNW BFIN FSFG PFLC CBFV CSBB CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
6101 Kingston Pike, P.O. Box 52942, Knoxville, TN, USA, 37919
Website
https://www.mcb.com
Mountain Commerce Bancorp Inc operates as a bank holding company. It offers personal and business banking services. The bank offers checking and savings accounts; certificates of deposit; and loans and lines of credit, such as mortgage loans, personal loans and lines of credit, commercial real estate lending, small business administration loans, equipment lending, operating lines of credit, and credit cards. Its primary lending products are one-to-four family residential, commercial real estate, commercial and industrial, and consumer lending.