JOHNSON CITY, TN – July 30, 2010 – East Tennessee-based Mountain Commerce Bank (MCB) announced today its numbers through the second quarter ended June 30, 2010. The Bank achieved before-tax profits of $858,000 compared to $567,000 for the same period last year; after-tax profits of $532,000. MCB‘s results the first half of 2010 were highlighted by improvements in net interest margin, increasing capital growth and strong core deposit growth.

“We are pleased by the positive results of the first half of 2010,” stated Bill Edwards, President and CEO. “Both net interest income and non-interest income increased despite economic uncertainty and weak credit conditions. We continue to focus on credit quality and reduce our exposure to the commercial real estate market, while building long-term relationships based on top-quality customer service.”

As of June 30, 2010, MCB’s Total Assets equaled $333 million; loans, $257 million; and deposits, $288 million. In addition, Core Deposit balances grew by approximately $19 million, while Brokered Deposits were reduced by approximately $24 million over the same period last year. Tier I Capital and Total Risk-Based Capital Ratios were 11.40% and 12.66% respectively at June 30, 2010, up from 10.25% and 11.49% for the same period in 2009. Net Interest Margin increased to 3.97%, compared to 3.52% the same period last year.

JOHNSON CITY, TN – August 9, 2010 – East Tennessee-based Mountain Commerce Bank (MCB) announced today its numbers through the second quarter ended June 30, 2010.  The Bank achieved before-tax profits of $858,000 compared to $567,000 for the same period last year; after-tax profits of $532,000.   MCB‘s results the first half of 2010 were highlighted by improvements in net interest margin, increasing capital growth and strong core deposit growth.

“We are pleased by the positive results of the first half of 2010,” stated Bill Edwards, President and CEO. “Both net interest income and non-interest income increased despite economic uncertainty and weak credit conditions. We continue to focus on credit quality and reduce our exposure to the commercial real estate market, while building long-term relationships based on top-quality customer service.”

As of June 30, 2010, MCB’s Total Assets equaled $333 million; loans, $257 million; and deposits, $288 million. In addition, Core Deposit balances grew by approximately $19 million, while Brokered Deposits were reduced by approximately $24 million over the same period last year. Tier I Capital and Total Risk-Based Capital Ratios were 11.40% and 12.66% respectively at June 30, 2010, up from 10.25% and 11.49% for the same period in 2009. Net Interest Margin increased to 3.97%, compared to 3.52% the same period last year.