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MetroCity Bankshares (FRA:7IR) Allowance For Loans And Lease Losses : €-16.5 Mil (As of Mar. 2024)


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What is MetroCity Bankshares Allowance For Loans And Lease Losses?

MetroCity Bankshares's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was €-16.5 Mil.

MetroCity Bankshares's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 (€-16.5 Mil) to Dec. 2023 (€-16.6 Mil) but then increased from Dec. 2023 (€-16.6 Mil) to Mar. 2024 (€-16.5 Mil).

MetroCity Bankshares's annual Allowance For Loans And Lease Losses increased from Dec. 2021 (€-15.0 Mil) to Dec. 2022 (€-13.1 Mil) but then declined from Dec. 2022 (€-13.1 Mil) to Dec. 2023 (€-16.6 Mil).


MetroCity Bankshares Allowance For Loans And Lease Losses Historical Data

The historical data trend for MetroCity Bankshares's Allowance For Loans And Lease Losses 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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MetroCity Bankshares Allowance For Loans And Lease Losses Chart

MetroCity Bankshares Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Allowance For Loans And Lease Losses
Get a 7-Day Free Trial Premium Member Only -6.16 -8.33 -15.00 -13.11 -16.61

MetroCity Bankshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Allowance For Loans And Lease Losses 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 -17.70 -16.70 -16.55 -16.61 -16.54

MetroCity Bankshares Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.


MetroCity Bankshares Allowance For Loans And Lease Losses Related Terms

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MetroCity Bankshares (FRA:7IR) Business Description

Industry
Traded in Other Exchanges
Address
5114 Buford Highway, Doraville, GA, USA, 30340
MetroCity Bankshares Inc is a holding company of its subsidiary Metro City Bank. It provides commercial banking services such as consumer and commercial checking accounts, savings accounts, certificates of deposits, commercial and consumer loans, money transfers and a variety of other banking services. The banks generate revenue from interest income. Its customers include small business owners, professionals, consumers, and real estate developers.

MetroCity Bankshares (FRA:7IR) Headlines

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