Mountain Commerce Bank

Headquarters

6101 Kingston Pike
Knoxville, TN 37919
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.55% 1.05% →
5-Year CD 0.50% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Mountain Commerce Bank is an FDIC insured institution located in Knoxville, TN. It was founded in 1910 and has approximately $1 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 4931
Date Established 1910
Assets $ 997.39 million
Loans $ 817.40 million
Deposits $ 832.78 million
Capital $ 107.34 million
 

For a more detailed analysis of Mountain Commerce Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.75% $10,000 $14,999 Learn More
30 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Mountain Commerce Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Mountain Commerce Bank
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Branches

Mountain Commerce Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Mountain Commerce Bank Locations


Financial Details

Mountain Commerce Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mountain Commerce Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Mountain Commerce Bank U.S. Bank Average
3.02% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Mountain Commerce Bank had $2,030,000 in non-current loans and $1,438,000 in owned real estate. To cover these potential losses it had $107,339,000 in equity and $7,334,000 in loans loss reserves. That gives it a Texas Ratio of 3.02%.

Return on Equity
Mountain Commerce Bank U.S. Bank Average
9.37% 7.80%

Mountain Commerce Bank has a Return on Equity of 9.37% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Mountain Commerce Bank U.S. Bank Average
10.76% 12.68%

Mountain Commerce Bank has a Capitalization of 10.76% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Mountain Commerce Bank Balance Sheet Analysis

As of March 31, 2020, Mountain Commerce Bank had assets of $997,391,000, loans of $817,401,000, and deposits of $832,775,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 96.78 million
Interest-bearing balances $ 87.18 million
Total securities $ 51.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 817.40 million
Loan loss allowance $ 7.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.44 million
Goodwill and other intangibles $ 0.04 million
All other assets $ 16.31 million
     Total Assets $ 890.05 million
LIABILITIES
Total deposits $ 832.78 million
      Interest-bearing deposits $ 695.22 million
      Deposits held in domestic offices $ 832.78 million
      % insured (estimated) 62.73%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 50.00 million
Subordinated debt N.A.
All other liabilities $ 7.28 million
      Total Liabilities $ 890.05 million
      Shareholders’ Equity $ 107.34 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.58 million
Total Interest Expense $ 2.72 million
Net interest income $ 7.86 million
Provision for loan and lease losses $ 1.50 million
Total non interest income $ 0.83 million
Total non interest expense $ 3.85 million
Pre-tax Net Operating Income $ 3.34 million

Bank Loan Profile?

The top three loan types in Mountain Commerce Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Tennessee, Mountain Commerce Bank has a significantly higher percent of Credit Card Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.96
Multifamily
Mortgages
3.30
Credit Card Loans 0.22
Consumer Auto Loans 0.11
Small Business Loans 7.18
Construction and Development Loans 7.57
Commercial Real Estate 48.14
Commercial and Industrial Loans 9.55
Farm Loans 0.00

Frequently Asked Questions About Mountain Commerce Bank

Branches and Savings

Is Mountain Commerce Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4931.

Why does Mountain Commerce Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Mountain Commerce Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Mountain Commerce Bank a commercial bank?

Yes

Where are Mountain Commerce Bank locations?

See branch locations nearby.

Is Mountain Commerce Bank open on Saturdays?

Is Mountain Commerce Bank open on Sundays?

What time does Mountain Commerce Bank open?

What time does Mountain Commerce Bank close?

Are Mountain Commerce Bank ATMs Open 24/7?

Do Mountain Commerce Bank ATMs accept cash deposits?

Can Mountain Commerce Bank customers use other ATMs?

Do Mountain Commerce Bank branches have notaries?

Will Mountain Commerce Bank notarize my document?

What address for Mountain Commerce Bank should I put for incoming ACH transfers?

Will the Mountain Commerce Bank branch print checks?

Do Mountain Commerce Bank checks expire?

Does Mountain Commerce Bank require US citizenship to open account?

Can Mountain Commerce Bank close my account?

Does Mountain Commerce Bank Report to credit bureaus?

Does Mountain Commerce Bank Use Equifax?

What is Mountain Commerce Bank's ACH Routing Number?

What is Mountain Commerce Bank's SWIFT code?

Products

Does Mountain Commerce Bank offer mortgages?

Compare mortgage rates here.

Does Mountain Commerce Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mountain Commerce Bank offer personal loans?

Compare personal loan rates here.

Does Mountain Commerce Bank offer student loans?

Will Mountain Commerce Bank cash a check?

Will Mountain Commerce Bank redeem a savings bond?

Does Mountain Commerce Bank cash savings bonds?

Will Mountain Commerce Bank cash money orders?

Can Mountain Commerce Bank issue a money order?

Does Mountain Commerce Bank do currency exchange?

Background on The Bank

Who owns Mountain Commerce Bank?

How long has Mountain Commerce Bank been around?

Can Mountain Commerce Bank transfer to other banks?

Does Mountain Commerce Bank have quick pay?

Does Mountain Commerce Bank accept rolled coins?

Will Mountain Commerce Bank accept loose change?

Where is Mountain Commerce Bank headquarters?

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