What does writedown of foreclosed real estate mean?

This metric measures the impairment charges taken against the carrying value of foreclosed real estate assets when their fair market value falls below the recorded book value. It serves as an indicator of asset quality deterioration and the adequacy of initial collateral valuation.

MetroCity Bankshares MCBS Writedown Of Foreclosed Real Estate

Writedown Of Foreclosed Real Estate at other companies

HBT

HBT Financial, Inc.HBT

$0-100%

BancFirst CorporationBANF

$2.05M+105%

Columbia Financial, Inc.CLBK

$0+100%

SPF

South Plains Financial, Inc.SPFI

$25K-7.4%

SouthStateSSB

$3.9M+2,786%

Trustco Bank CorpTRST

$30K-55.2%

Other financials

Income statement

See full

Revenue$50.8M+41.2%

Net income$22.3M+36.9%

EPS (diluted)$0.77+22.2%

Balance sheet

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Cash & equivalents$387.6M+36.0%

Total debt$14.5M+82.3%

Total equity$554.2M+29.5%

Total assets$4.7B+28.1%

Cash flow

See full

Operating cash flow$45.8M+285%

CapEx-$733.0K-1,147%

Free cash flow$45.1M+281%

Valuation

See full

Market cap$1.01B+22.3%

Enterprise value$634.89M—

P/E13.5×—

P/S5.9×—

Profitability

See full

Net margin43.7%-2.0pp

FCF margin41.6%—

Returns & leverage

See full

Return on equity15.2%-0.9pp

Debt / equity0×0.0×

Where this comes from

Reported directly by MetroCity Bankshares in its filing.

Tagged under the XBRL concept mcbs:WritedownOfForeclosedRealEstate.

The official record: MetroCity Bankshares’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MetroCity Bankshares's writedown of foreclosed real estate?: MetroCity Bankshares (MCBS) reported writedown of foreclosed real estate of $30K in Q1 2026.
What does writedown of foreclosed real estate mean?: This metric measures the impairment charges taken against the carrying value of foreclosed real estate assets when their fair market value falls below the recorded book value. It serves as an indicator of asset quality deterioration and the adequacy of initial collateral valuation.