MCBS (MetroCity Bankshares) Allowance For Loans And Lease Losses : $-18.6 Mil (As of Mar. 2025)

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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. 2025 was $-18.6 Mil.

MetroCity Bankshares's quarterly Allowance For Loans And Lease Losses declined from Sep. 2024 ($-18.6 Mil) to Dec. 2024 ($-18.7 Mil) but then increased from Dec. 2024 ($-18.7 Mil) to Mar. 2025 ($-18.6 Mil).

MetroCity Bankshares's annual Allowance For Loans And Lease Losses declined from Dec. 2022 ($-13.9 Mil) to Dec. 2023 ($-18.1 Mil) and declined from Dec. 2023 ($-18.1 Mil) to Dec. 2024 ($-18.7 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

Dec24

Allowance For Loans And Lease Losses

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-10.14

-16.95

-13.89

-18.11

-18.74

MetroCity Bankshares Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-17.98	-17.96	-18.59	-18.74	-18.59

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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MetroCity Bankshares Inc (NAS:MCBS) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

5114 Buford Highway, Doraville, GA, USA, 30340

Website

https://www.metrocitybank.com

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.

Executives

Farid Tan	director, officer: President	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Ajit A. Patel	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Sam Sang-koo Shim	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Don Leung	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Nack Y Paek	director, officer: Chief Executive Officer
William J. Hungeling	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Howard Hwasaeng Kim	director, officer: Executive Vice President	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Feiying Lu	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Frank S. Rhee	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Young K. Park	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Francis Lai	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Frank Glover	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Lucas Stewart	officer: Chief Financial Officer	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
William M. Hungeling	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Samuel Benton Gunter	officer: Executive VP and CAO	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340