secwatch.observer — SEC 8-K summary
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Issuer:     Metropolitan Bank Holding Corp. (MCB)
CIK:        0001476034
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001104659-23-039239
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metropolitan Bank reports $5.04B core deposits, 66% insured, strong liquidity as of March 29
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- Total core deposit verticals $5.04B, up 5.4% from Dec 31, 2022; insured deposits now 66% of total (up from 60%).
- Liquidity of $3.1B (cash at Fed + secured funding capacity) covers 170% of uninsured deposits.
- Crypto-related deposits down to 4% of total; exit expected near zero by end of Q2 2023.
- CRE portfolio diversified: offices only 10%, average loan-to-value ratio 61% mitigates credit risk.
- Company and Bank remain well capitalized: total risk-based capital 13.4% and 13.1%, respectively, at Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476034/000110465923039239/0001104659-23-039239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476034/000110465923039239/tm2311072d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-039239

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