JOHNSON CITY, TN—April 17, 2015— Mountain Commerce Bank (MCB) announced first quarter net income of $780,000.
Bill Edwards, President and CEO stated, “I am pleased to report solid earnings growth for the quarter ending March 31, 2015.”
MCB’s earnings after taxes were $780,000 for the first quarter of 2015. Net interest margin remained strong, averaging 4.15% for the quarter.
About Mountain Commerce Bank
Mountain Commerce Bank (MCB) is a state-chartered, FDIC-insured, century-old, privately held financial services institution serving Knoxville, Johnson City, and Unicoi County. Through Hometown Service and Smart Technology, MCB offers big bank products and services, with the personal attention and exceptional service of a hometown community bank.
At the end of March 2015, MCB had $428 million in total assets and $377 million in total deposits. MCB currently employs more than 65 individuals at five branches and one operations office. For more information, visit us at www.mcb.com or check your account any time at 1-866-MCB-1910. MCB is an equal opportunity employer.