MCBS on Nasdaq
Metro City Bank
Logo: MetroCity Bankshares, Inc., CC BY-SA 4.0, via Wikimedia Commons5
Korean-American bank in Georgia, USA
Metro City Bank (Korean: 메트로시티은행) is a Korean-American bank based in Doraville, Georgia and offers personal and commercial banking services. It is the largest Korean-American bank to not be based out of Los Angeles, California. It currently operates a total of 19 branches in Texas, New York, New Jersey, Virginia, Georgia, Alabama, and Florida.3 Its shares trade on Nasdaq under the symbol MCBS.1 Wikipedia text CC BY-SA 4.0
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Last updated Oct 20, 2026.
Overview
2014Founded1
- TickerMCBS on Nasdaq1
- Industryfinancial sector1
- HeadquartersDoraville1
- Websitewww.metrocitybank.com
- Incorporated inGA6
- Business address5114 Buford Highway, Doraville, Ga 303406
- Filer categoryAccelerated filer6
- Legal formCommercial Bank4
- LEI254900TM81D0YC1B95844
- StatusActive4
- LEI statusIssued and current4
- Registered address5114 Buford Hwy NE, 30340 Doraville, United States4
- Registered withFederal Deposit Insurance Corporation, 581814
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Metro City Bank (Korean: 메트로시티은행) is a Korean-American bank based in Doraville, Georgia and offers personal and commercial banking services. It is the largest Korean-American bank to not be based out of Los Angeles, California. It currently operates a total of 19 branches in Texas, New York, New Jersey, Virginia, Georgia, Alabama, and Florida.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Other service charges, commissions and fees brought in 76% of the revenue Metro City Bank broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Other service charges, commissions and fees | $5.7M | $6.8M | $7.3M |
| Deposit Account | $1.9M | $2.1M | $2.3M |
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loans, including fees | $209.5M | $200.8M | $181.9M |
| Other investment income | $10.8M | $11.8M | $10.8M |
| Federal funds sold | $559.0K | $305.0K | $177.0K |
| Total interest income | $220.8M | $212.9M | $192.8M |
| Deposits | $72.9M | $80.1M | $80.6M |
| FHLB advances and other borrowings | $17.5M | $14.7M | $10.7M |
| Total interest expense | $90.4M | $94.8M | $91.3M |
| Net interest income | $130.4M | $118.1M | $101.5M |
| Provision for loan losses | -$336.0K | $668.0K | -$92.0K |
| Provision for unfunded commitments | $18.0K | -$152.0K | $77.0K |
| Provision for credit losses | -$318.0K | $516.0K | -$15.0K |
| Net interest income after provision for credit losses | $130.8M | $117.6M | $101.5M |
| Gain on sale of residential mortgage loans | $4.0M | $1.9M | |
| Mortgage servicing income, net | $2.4M | $2.4M | -$193.0K |
| Gain on sale of SBA loans | $2.3M | $2.9M | $3.3M |
| SBA servicing income, net | $3.6M | $4.2M | $4.8M |
| Other income | $3.3M | $2.6M | $2.7M |
| Total noninterest income | $25.2M | $23.1M | $18.2M |
| Salaries and employee benefits | $36.7M | $33.2M | $29.3M |
| Occupancy and equipment | $5.8M | $5.5M | $4.9M |
| Data processing | $1.5M | $1.3M | $1.2M |
| Advertising | $657.0K | $634.0K | $614.0K |
| Merger-related expenses | $4.7M | ||
| Other expenses | $13.9M | $12.7M | $11.7M |
| Total noninterest expense | $63.3M | $53.4M | $47.7M |
| Income before provision for income taxes | $92.7M | $87.3M | $72.0M |
| Provision for income taxes | $24.2M | $22.8M | $20.4M |
| Net income | $68.5M | $64.5M | $51.6M |
| Basic (in dollars per share) | $2.66 | $2.55 | $2.05 |
| Diluted (in dollars per share) | $2.64 | $2.52 | $2.02 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $370.8M | $236.3M | ||
| Federal funds sold | $12.8M | $13.5M | ||
| Cash and cash equivalents | $383.7M | $249.9M | ||
| Equity securities | $18.6M | $10.3M | ||
| Securities available for sale (at fair value) | $47.2M | $17.4M | ||
| Loans held for sale | $9.7M | |||
| Loans, less allowance for credit losses of $27,843 and $18,744, respectively | $4.0B | $3.1B | ||
| Accrued interest receivable | $20.3M | $15.9M | ||
| Federal Home Loan Bank stock | $27.6M | $20.3M | ||
| Premises and equipment, net | $29.9M | $18.3M | ||
| Operating lease right-of-use asset | $15.2M | $7.8M | ||
| Foreclosed real estate, net | $208.0K | $427.0K | ||
| SBA and USDA servicing asset, net | $10.6M | $7.3M | ||
| Mortgage servicing asset, net | $1.7M | $1.4M | ||
| Bank owned life insurance | $75.8M | $73.3M | ||
| Goodwill | $56.0M | |||
| Core deposit intangible | $12.6M | |||
| Interest rate derivatives | $6.3M | $21.8M | ||
| Other assets | $29.4M | $10.9M | ||
| Total assets | $4.8B | $3.6B | ||
| Noninterest-bearing demand | $780.8M | $536.3M | ||
| Interest-bearing | $2.9B | $2.2B | ||
| Total deposits | $3.6B | $2.7B | ||
| Federal Home Loan Bank advances | $510.0M | $375.0M | ||
| Operating lease liability | $15.3M | $7.9M | ||
| Accrued interest payable | $10.7M | $3.5M | ||
| Other liabilities | $42.2M | $49.5M | ||
| Total liabilities | $4.2B | $3.2B | ||
| Common stock, $0.01 par value, 40,000,000 shares authorized, 28,817,967 and 25,402,782 shares issued and outstanding, respectively | $1.2M | $254.0K | ||
| Additional paid-in capital | $138.7M | $49.2M | ||
| Retained earnings | $402.7M | $358.7M | ||
| Accumulated other comprehensive income | $1.7M | $13.2M | ||
| Total shareholders' equity | $544.2M | $421.4M | $381.5M | $349.4M |
| Total liabilities and shareholders' equity | $4.8B | $3.6B | ||
| Allowance for credit losses | $27.8M | $18.7M | $18.1M | $13.9M |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized | 40.0M shares | 40.0M shares | ||
| Common stock, shares issued | 28.8M shares | 25.4M shares | ||
| Common stock, shares outstanding | 28.8M shares | 25.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $370.8M | $236.3M | ||
| Federal funds sold | $12.8M | $13.5M | ||
| Cash and cash equivalents | $383.7M | $249.9M | ||
| Equity securities | $18.6M | $10.3M | ||
| Securities available for sale (at fair value) | $47.2M | $17.4M | ||
| Loans held for sale | $9.7M | |||
| Loans, less allowance for credit losses of $27,843 and $18,744, respectively | $4.0B | $3.1B | ||
| Accrued interest receivable | $20.3M | $15.9M | ||
| Federal Home Loan Bank stock | $27.6M | $20.3M | ||
| Premises and equipment, net | $29.9M | $18.3M | ||
| Operating lease right-of-use asset | $15.2M | $7.8M | ||
| Foreclosed real estate, net | $208.0K | $427.0K | ||
| SBA and USDA servicing asset, net | $10.6M | $7.3M | ||
| Mortgage servicing asset, net | $1.7M | $1.4M | ||
| Bank owned life insurance | $75.8M | $73.3M | ||
| Goodwill | $56.0M | |||
| Core deposit intangible | $12.6M | |||
| Interest rate derivatives | $6.3M | $21.8M | ||
| Other assets | $29.4M | $10.9M | ||
| Total assets | $4.8B | $3.6B | ||
| Noninterest-bearing demand | $780.8M | $536.3M | ||
| Interest-bearing | $2.9B | $2.2B | ||
| Total deposits | $3.6B | $2.7B | ||
| Federal Home Loan Bank advances | $510.0M | $375.0M | ||
| Operating lease liability | $15.3M | $7.9M | ||
| Accrued interest payable | $10.7M | $3.5M | ||
| Other liabilities | $42.2M | $49.5M | ||
| Total liabilities | $4.2B | $3.2B | ||
| Common stock, $0.01 par value, 40,000,000 shares authorized, 28,817,967 and 25,402,782 shares issued and outstanding, respectively | $1.2M | $254.0K | ||
| Additional paid-in capital | $138.7M | $49.2M | ||
| Retained earnings | $402.7M | $358.7M | ||
| Accumulated other comprehensive income | $1.7M | $13.2M | ||
| Total shareholders' equity | $544.2M | $421.4M | $381.5M | $349.4M |
| Total liabilities and shareholders' equity | $4.8B | $3.6B | ||
| Allowance for credit losses | $27.8M | $18.7M | $18.1M | $13.9M |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized | 40.0M shares | 40.0M shares | ||
| Common stock, shares issued | 28.8M shares | 25.4M shares | ||
| Common stock, shares outstanding | 28.8M shares | 25.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $68.5M | $64.5M | $51.6M |
| Depreciation, amortization and accretion | $3.5M | $3.0M | $2.7M |
| Provision for credit losses | -$318.0K | $516.0K | -$15.0K |
| Stock based compensation expense | $2.9M | $2.6M | $2.4M |
| Unrealized (gains) losses recognized on equity securities | -$346.0K | $35.0K | -$35.0K |
| (Gain) loss on sale of foreclosed real estate | -$28.0K | $59.0K | -$547.0K |
| Writedown of foreclosed real estate | $377.0K | $240.0K | |
| Deferred income tax expense | $643.0K | $350.0K | $1.0M |
| Gain on sale of residential mortgages | -$4.0M | -$1.9M | |
| Origination of SBA loans held for sale | -$50.0M | -$74.0M | -$73.0M |
| Proceeds from sales of SBA loans held for sale | $53.1M | $76.9M | $76.3M |
| Gain on sale of SBA loans | -$2.3M | -$2.9M | -$3.3M |
| Increase in cash value of bank owned life insurance | -$2.5M | -$2.3M | -$1.8M |
| Increase in accrued interest receivable | -$1.7M | -$733.0K | -$2.0M |
| Decrease (increase) in SBA and USDA servicing rights | $524.0K | -$23.0K | -$166.0K |
| (Increase) decrease in mortgage servicing rights | -$251.0K | -$136.0K | $2.7M |
| (Increase) decrease in state tax credits | -$9.1M | $1.6M | -$639.0K |
| (Increase) decrease in other assets | -$1.4M | $977.0K | -$1.6M |
| (Decrease) increase in accrued interest payable | -$1.1M | -$635.0K | $1.4M |
| (Decrease) increase in other liabilities | -$18.6M | -$4.7M | $26.8M |
| Net cash flow provided by operating activities | $37.7M | $63.5M | $82.1M |
| Purchases of equity securities | -$8.0M | ||
| Proceeds from maturities, calls or paydowns of securities available for sale | $2.6M | $640.0K | $1.3M |
| Purchase of Federal Home Loan Bank stock | -$2.4M | -$2.4M | -$353.0K |
| Proceeds from sales of residential real estate loans | $314.1M | $189.4M | |
| Increase in loans, net | -$190.4M | -$181.7M | -$110.4M |
| Purchases of premises and equipment | -$674.0K | -$1.3M | -$4.9M |
| Proceeds from sales of foreclosed real estate owned | $2.4M | $1.3M | $4.1M |
| Net cash acquired in First IC acquisition | $9.2M | ||
| Net cash flow provided by (used by) investing activities | $126.8M | $5.9M | -$110.3M |
| Premiums paid for interest rate caps | -$1.1M | ||
| (Decrease) increase in deposits, net | -$51.8M | $5.9M | $64.1M |
| Proceeds from Federal Home Loan Bank advances | $100.0M | $450.0M | $425.0M |
| Repayments of Federal Home Loan Bank advances | -$50.0M | -$400.0M | -$475.0M |
| Decrease in other borrowings, net | -$392.0K | ||
| Exercise of stock options | $900.0K | ||
| Repurchase of common stock | -$2.7M | -$10.0K | -$2.0M |
| Stock issuance costs | -$272.0K | ||
| Dividends paid on common stock | -$24.8M | -$21.1M | -$18.2M |
| Net cash flow (used by) provided by financing activities | -$30.7M | $35.7M | -$6.5M |
| Net change in cash and cash equivalents | $133.8M | $105.1M | -$34.7M |
| Transfer of residential real estate loans to loans held for sale | $320.7M | $165.2M | $22.3M |
| Transfer of loan principal to foreclosed real estate, net of write-downs | $2.2M | $661.0K | $940.0K |
| Initial recognition of operating lease right-of-use assets | $2.9M | $1.1M | $1.6M |
| Initial recognition of operating lease liabilities | $2.9M | $1.1M | $1.6M |
| Common stock issued for First IC acquisition | $90.5M | ||
| Fair value of assets acquired, net of cash acquired | $1.2B | ||
| Fair value of liabilities assumed | $1.1B | ||
| Interest | $91.4M | $95.4M | $89.6M |
| Income taxes | $21.8M | $21.5M | $18.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Metro City Bank sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Metro City Bank
- BlackRock Filed SCHEDULE 13G on Metro City Bank, latest Jul 29, 2026 (2 filings since Jan 21, 2026)
- Nack Y. Paek Filed SCHEDULE 13G/A on Metro City Bank, latest Feb 4, 2026 (5 filings since Feb 2, 2022)
- Metro City Bank Doraville, Georgia, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Metro City Bank reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $47.6M8 Dec 31, 2025 | $28.3M8 Dec 31, 2024 | +68.1% |
| Accumulated depreciation | $17.7M8 Dec 31, 2025 | $10.0M8 Dec 31, 2024 | +76.5% |
| Property and equipment, net | $29.9M8 Dec 31, 2025 | $18.3M8 Dec 31, 2024 | +63.5% |
| Operating-lease assets (leased space) | $15.2M8 Dec 31, 2025 | $7.8M8 Dec 31, 2024 | +93.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $383.7M8 Dec 31, 2025 | $249.9M8 Dec 31, 2024 | +53.5% |
| Deposits held (banks) | $3.6B8 Dec 31, 2025 | $2.7B8 Dec 31, 2024 | +33.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $56.0M8 Dec 31, 2025 | ||
| Finite-lived intangibles, net | $12.6M8 Dec 31, 2025 |
Properties, in its own words
The Company’s corporate headquarters and Metro City Bank’s main office is located at 5114 Buford Highway NE, Atlanta, GA 30340. Metro City Bank owns this property. We also currently operate 29 additional full service-branches, which are all leased, located in multi-ethnic communities in Alabama, California, Florida, Georgia, New York, New Jersey, Texas and Virginia. We believe that our banking offices are in good condition and are suitable and adequate to our needs.
Item 2 of the 10-K filed Mar 16, 2026.16
Leadership
Who has led Metro City Bank, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
201520202025
- Chief executive officerNack Y. Paek Oct 2, 2019 to now17
- PresidentFarid Tan Oct 2, 2019 to now18
- Chief financial officerLucas Stewart Oct 21, 2021 to now19
- Chief financial officerFarid Tan Oct 2, 2019 to Jul 8, 202118
Board members and other officers (17)
- Executive Vice PresidentAbdul Mohdnor May 22, 2025 to now20
- Executive Vice PresidentHoward Hwasaeng Kim Oct 2, 2019 to now21
- Executive VP and CAOSamuel Benton Gunter Oct 2, 2019 to Jun 3, 202022
- Board memberDavid S. Shim Jun 18, 2025 to now23
- Board memberJohn Paek Sep 26, 2024 to now24
- Board memberFrank Glover Jan 27, 2022 to now25
- Board memberWilliam J. Hungeling Nov 6, 2020 to now26
- Board memberAjit A. Patel Oct 2, 2019 to now27
- Board memberDon Leung Oct 2, 2019 to now28
- Board memberFarid Tan Oct 2, 2019 to now18
- Board memberFeiying Lu Oct 2, 2019 to now29
- Board memberFrancis Lai Oct 2, 2019 to now30
- Board memberFrank S. Rhee Oct 2, 2019 to now31
- Board memberHoward Hwasaeng Kim Oct 2, 2019 to now21
- Board memberNack Y. Paek Oct 2, 2019 to now17
- Board memberSam Sang-Koo Shim Oct 2, 2019 to Nov 14, 202432
- Board memberWilliam M. Hungeling Oct 2, 2019 to Jun 3, 202033
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Metro City Bank Georgia7
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 21, 20268-K Executive or director change34
- Jul 24, 20268-K Results of operations35
- Jul 15, 20268-K Other events36
- May 22, 20268-K Shareholder vote37
- Apr 24, 20268-K Results of operations38
- Apr 15, 20268-K Other events39
- Mar 26, 20268-K Executive or director change40
- Feb 12, 20268-K Financial statements and exhibits41
- Jan 30, 20268-K Results of operations42
- Jan 21, 20268-K Other events43
- Dec 2, 20258-K Completed an acquisition or sale; Other events44
- Nov 14, 20258-K Other events45
- Oct 2, 2019New chief executive Nack Y. Paek becomes CEO17
- 2014Founded Founded1
Calendar
Coming up
- Around Oct 23, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Jul 24, 2026Reported quarterly or annual results35
- Apr 24, 2026Reported quarterly or annual results38
- Jan 30, 2026Reported quarterly or annual results42
- Oct 17, 2025Reported quarterly or annual results46
- Jul 18, 2025Reported quarterly or annual results47
- Apr 18, 2025Reported quarterly or annual results48
- Jan 21, 2025Reported quarterly or annual results49
- Oct 18, 2024Reported quarterly or annual results50
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
221 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 61 major events, 102 insider forms, 8 large holders, 29 other. The latest 20:
- Aug 21, 20268-K EDGAR
- Aug 7, 202610-Q EDGAR
- Jul 29, 2026SCHEDULE 13G EDGAR
- Jul 24, 20268-K EDGAR
- Jul 15, 20268-K EDGAR
- Jun 2, 20264/A PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264/A PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264/A PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264 PRIMARY DOCUMENT EDGAR
- Jun 2, 20264/A PRIMARY DOCUMENT EDGAR
The 221 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
37 open-market trades by officers, directors and large owners since October 2021: 7 buys and 30 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 25, 2024 | Tan FaridPresident | Sale | 5,983 | $35.64 | $213.2K | Form 4 |
| Nov 13, 2024 | Tan FaridPresident | Sale | 749 | $35.56 | $26.6K | Form 4 |
| Nov 12, 2024 | Tan FaridPresident | Sale | 400 | $35.50 | $14.2K | Form 4 |
| Nov 11, 2024 | Tan FaridPresident | Sale | 1,868 | $35.55 | $66.4K | Form 4 |
| Nov 7, 2024 | Patel Ajit A.Director | Sale | 5,000 | $33.10 | $165.5K | Form 4 |
| Nov 6, 2024 | Tan FaridPresident | Sale | 21,000 | $33.81 | $710.0K | Form 4 |
| Aug 22, 2024 | Shim Sam Sang-KooDirector | Sale | 46,200 | $27.90 | $1.3M | Form 4 |
| Aug 20, 2024 | Shim Sam Sang-KooDirector | Sale | 10,110 | $28.00 | $283.1K | Form 4 |
| Aug 19, 2024 | Shim Sam Sang-KooDirector | Sale | 27,132 | $28.00 | $759.7K | Form 4 |
| Aug 1, 2024 | Shim Sam Sang-KooDirector | Sale | 11,243 | $30.21 | $339.6K | Form 4 |
| Jul 30, 2024 | Tan FaridPresident | Sale | 9,001 | $32.00 | $288.0K | Form 4 |
| Jul 29, 2024 | Leung DonDirector | Sale | 1,256 | $31.47 | $39.5K | Form 4 |
| Jul 29, 2024 | Tan FaridPresident | Sale | 502 | $32.00 | $16.1K | Form 4 |
| Jul 26, 2024 | Tan FaridPresident | Sale | 497 | $32.00 | $15.9K | Form 4 |
| Jul 26, 2024 | Leung DonDirector | Sale | 11,193 | $31.11 | $348.2K | Form 4 |
| Jul 25, 2024 | Leung DonDirector | Sale | 9,554 | $31.07 | $296.8K | Form 4 |
| Jul 25, 2024 | PAEK NACK YChief Executive Officer | Sale | 31,713 | $30.88 | $979.3K | Form 4 |
| Jul 24, 2024 | Leung DonDirector | Sale | 10,511 | $31.13 | $327.2K | Form 4 |
| Jul 24, 2024 | PAEK NACK YChief Executive Officer | Sale | 18,287 | $30.71 | $561.6K | Form 4 |
| Jul 23, 2024 | Leung DonDirector | Sale | 66,203 | $31.11 | $2.1M | Form 4 |
All 37 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G, 2 filings Jan 21, 2026 to Jul 29, 202651
- Nack Y. PaekSCHEDULE 13G/A, 5 filings Feb 2, 2022 to Feb 4, 202652
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Nack Y. Paek | 84 | $507.5K | $2.6M53 |
| 2025 | Farid Tan | 68 | $507.5K | $2.6M53 |
| 2025 | Howard Hwasaeng Kim | 69 | $500.0K | $2.3M53 |
| 2025 | Lucas Stewart | $243.2K | $331.9K53 | |
| 2025 | Abdul Mohdnor | 56 | $228.2K | $302.7K53 |
| 2024 | Chief Executive Officer | $470.0K | $2.3M53 | |
| 2024 | President and Interim Chief Financial Officer | $470.0K | $2.3M53 | |
| 2024 | Executive Vice PresidentChief Lending Officer and Chief Operating Officer | $437.0K | $2.0M53 | |
| 2024 | Former Executive VicePresident and Chief Financial Officer | $239.6K | $315.8K53 | |
| 2024 | Executive VicePresident and Chief Compliance Officer | $215.2K | $283.8K53 | |
| 2023 | Chief Executive Officer | $455.0K | $2.2M53 | |
| 2023 | President and Interim Chief Financial Officer | $455.0K | $2.2M53 | |
| 2023 | Executive Vice PresidentChief Lending Officer and Chief Operating Officer | $422.0K | $1.9M53 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Metro City Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMetroCity Bankshares, Inc.2
- CIK0001747068
- Employer ID (EIN)47-252840816
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company16
- Incorporated inGeorgia16
- Fiscal year endsDecember 312
- Industry code (SIC)6022 State Commercial Banks2
- SEC reviewing officeOffice of Finance, Division of Corporation Finance2
- Business address5114 Buford Highway, Doraville, GA 303402
- Phone770-455-49892
- Shares outstanding28,781,229 as of Aug 4, 202614
- Public float$564.3M as of Jun 30, 202516
- AuditorCrowe LLP, Fort Lauderdale, Florida PCAOB ID 173; it also attests to the company’s internal control over financial reporting16
- On EDGAR sinceAug 17, 20182
- Filings332 in all: 4 (130), 8-K (81), 10-Q (21), 3 (18), 144 (16), 3/A (12), 10-K (7), DEF 14A (7)2
All 31 form types
SC 13G (5), 4/A (4), CORRESP (4), UPLOAD (3), 425 (2), DRS (2), EFFECT (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 10-K/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS/A (1), DRSLTR (1), FWP (1), S-1 (1), S-1/A (1), S-4 (1), S-4/A (1), S-8 (1)
- Latest filingsAnnual report (10-K) Mar 16, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Apr 20, 2026
Latest 8-K (8-K) Aug 21, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | MCBS | Nasdaq Global Select Market |
From the cover page of the 10-K filed Mar 16, 2026 (Section 12(b) of the Exchange Act).16
Risk factors and legal proceedings
The risks Metro City Bank names in Item 1A of its 10-K filed Mar 16, 2026: 46 risks under these headings, as written.16
- In addition, certain statements in the following risk factors constitute forward-looking statements. Please refer to the section entitled “Cautionary Note Regarding Forward-Looking Statements” beginning on page 3 of this Annual Report.
- Risks Related to Our Business
- A decline in general business and economic conditions and any regulatory responses to such conditions could have a material adverse effect on our business, financial position, results of operations and growth prospects.
- We face strong competition from financial services companies and other companies that offer commercial and retail banking services, which could harm our business.
- Fluctuations in interest rates have impacted net interest income and may otherwise negatively impact our financial condition and results of operations.
- Inflation could negatively impact our business, our profitability and our stock price.
- Negative developments in the banking industry could adversely affect our current and projected business operations and our financial condition and results of operations.
- Liquidity risks could affect operations and jeopardize our business, financial condition, and results of operations.
- Our business depends on our ability to successfully manage our asset quality and credit risk.
- Because a significant portion of our loan portfolio is comprised of commercial and residential real estate loans, negative changes in the economy affecting real estate values and liquidity could impair the value of collateral securing our real estate loans and result in loan and other losses.
- The residential mortgage loans that we originate consist primarily of non-conforming residential mortgage loans which may be considered less liquid and riskier.
- Small Business Administration lending is an important part of our business. Our SBA lending program is dependent upon the U.S. federal government, and we face specific risks associated with originating SBA loans.
The other 35 risks
- The non-guaranteed portion of SBA loans that we retain on our balance sheet, as well as the guaranteed portion of SBA loans that we sell, could expose us to various credit and default risks.
- We may not be able to meet our unfunded credit commitments, or adequately reserve for losses associated with our unfunded credit commitments.
- We use brokered deposits which may be an unstable and/or expensive deposit source to fund earning asset growth.
- We are highly dependent on our management team, and the loss of our senior executive officers or other key employees could harm our ability to implement our strategic plan, impair our relationships with customers and adversely affect our business, results of operations and growth prospects.
- Nonperforming assets take significant time to resolve and adversely affect our results of operations and financial condition, and could result in further losses in the future.
- Our provision and allowance for credit losses may prove to be insufficient to absorb potential losses in our loan portfolio.
- Decreased residential mortgage origination, volume and pricing decisions of competitors may adversely affect our profitability.
- We could recognize losses on securities held in our securities portfolio, particularly if interest rates increase or economic and market conditions deteriorate.
- New lines of business or new products and services may subject us to additional risks.
- We focus on marketing our services to a limited segment of the population and any adverse change impacting such segment is likely to have an adverse impact on us.
- The costs and effects of litigation, investigations or similar matters, or adverse facts and developments related thereto, could materially affect our business, operating results and financial condition.
- Our ability to maintain our reputation is critical to the success of our business, and the failure to do so may materially adversely affect our business and the value of our common stock.
- Our risk management framework may not be effective in mitigating risks and/or losses to us.
- We have a continuing need for technological change, and we may not have the resources to effectively implement new technology or we may experience operational challenges when implementing new technology.
- System failure or compromises of our network security could subject us to increased operating costs as well as litigation and other liabilities.
- Our operations could be interrupted if our third-party service providers experience difficulty, terminate their services or fail to comply with banking regulations.
- The developments and use of artificial intelligence (“AI”) presents risks and challenges that may adversely impact our business.
- We depend on the accuracy and completeness of information provided by customers and counterparties and any misrepresented information could adversely affect our business, financial condition and results of operations.
- Our accounting estimates and risk management processes rely on analytical and forecasting models.
- Changes in accounting standards could materially impact our financial statements.
- Failure to maintain effective internal controls over financial reporting could have a material adverse effect on our business and stock price.
- Risks Related to Legislative and Regulatory Events
- We are subject to extensive government regulation that could limit or restrict our activities, which in turn may adversely impact our ability to increase our assets and earnings.
- Federal and state regulators periodically examine our business, and we may be required to remediate adverse examination findings.
- Changes to monetary policy by the Federal Reserve could adversely impact our results of operations.
- We are subject to federal and state fair lending laws, and failure to comply with these laws could lead to material penalties.
- The Federal Reserve may require us to commit capital resources to support the Bank.
- We could face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
- Our deposit insurance premiums could be substantially higher in the future, which could have a material adverse effect on our future earnings.
- Risks Related to Our Common Stock
- The Company’s directors may have interests that differ from other shareholders, and such directors have ownership interests in the Company that, when aggregated with holdings of their extended families and their affiliated entities, may allow such individuals and entities to take certain corporate actions without the consent of other shareholders.
- Environmental, social and governance (“ESG”) and diversity, equity and inclusion (“DEI”) risks could adversely affect our reputation and shareholder, employee, client and third party relationships and may negatively affect our stock price.
- Our dividend policy may change, and consequently, your only opportunity to achieve a return on your investment may be if the price of our common stock appreciates.
- We may need to raise additional capital in the future.
- We have the ability to incur debt and pledge our assets, including our stock in the Bank, to secure that debt.
- Merger-Related Risks
- If we fail to successfully integrate our acquisitions or to realize the anticipated benefits of them, our financial condition and results of operations could be negatively affected.
- Our future success is largely dependent upon our ability to successfully execute our business strategy.
Legal proceedings
We are subject to various legal actions that arise from time to time in the ordinary course of business. While the ultimate outcome of pending procedures cannot be predicted with certainty, at this time management does not expect that any such proceedings, either individually or in the aggregate, would have a material adverse effect on our consolidated financial position or results of operations. However, one or more unfavorable outcomes in any legal action against us could have a material adverse effect for the period in which they are resolved. In addition, regardless of their merits or their ultimate outcomes, such matters are costly, divert management’s attention and may materially adversely affect our reputation, even if resolved in our favor.
The opening of Item 3, Legal Proceedings.16
Links
- Websitewww.metrocitybank.com1
- LinkedInwww.linkedin.com/company/metro-city-bank1
- WikipediaMetro City Bank
- WikidataQ54622171
- SEC EDGARCIK 1747068
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMetro City Bank on Wikidata
- 2SEC EDGARMetro City Bank filings on SEC EDGAR
- 3WikipediaMetro City Bank on Wikipedia
- 4
- 5Wikimedia CommonsMetro City Bank logo by MetroCity Bankshares, Inc., CC BY-SA 4.0
- 6SEC EDGARMetro City Bank filings on SEC EDGAR
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- 8
- 9SEC EDGARMetro City Bank 10-K for fiscal 2019
- 10SEC EDGARMetro City Bank 10-K for fiscal 2020
- 11SEC EDGARMetro City Bank 10-K for fiscal 2021
- 12SEC EDGARMetro City Bank 10-K for fiscal 2022
- 13SEC EDGARMetro City Bank 10-Q for fiscal 2026
- 14SEC EDGARMetro City Bank 10-Q for fiscal 2026
- 15SEC EDGARMetro City Bank 10-K for fiscal 2019
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- 18SEC EDGARFarid Tan, President
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- 23SEC EDGARDavid S. Shim, Board member
- 24SEC EDGARJohn Paek, Board member
- 25SEC EDGARFrank Glover, Board member
- 26SEC EDGARWilliam J. Hungeling, Board member
- 27SEC EDGARAjit A. Patel, Board member
- 28SEC EDGARDon Leung, Board member
- 29SEC EDGARFeiying Lu, Board member
- 30SEC EDGARFrancis Lai, Board member
- 31SEC EDGARFrank S. Rhee, Board member
- 32SEC EDGARSam Sang-Koo Shim, Board member
- 33SEC EDGARWilliam M. Hungeling, Board member
- 34SEC EDGARExecutive or director change
- 35SEC EDGARResults of operations
- 36SEC EDGAROther events
- 37SEC EDGARShareholder vote
- 38SEC EDGARResults of operations
- 39SEC EDGAROther events
- 40SEC EDGARExecutive or director change
- 41SEC EDGARFinancial statements and exhibits
- 42SEC EDGARResults of operations
- 43SEC EDGAROther events
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- 45SEC EDGAROther events
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