Page 1

KNOXVILLE , Tenn . , July 26 , 2021 / PRNewswire / -- Mountain Commerce Bancorp , Inc. ( the " Company " ) ( OTCQX :) , the holding company for Mountain Commerce Bank ( the " Bank " ) , today announced earnings and related data as of and for the three and six months ended June 30 , 2021 . The Company also announced today that its Board of Directors declared a quarterly cash dividend of $ 0.135 per common share , representing a 4 % increase from the $ 0.13 cash dividend declared in the prior quarter . The dividend is payable on September 1 , 2021 to shareholders of record as of the close of business on August 9 , 2021 . Highlights The following tables highlight the trends that the Company believes are most relevant to understanding the performance of the Company as of and for the three and six months ended June 30 , 2021. As further detailed in Appendix A to this press release , adjusted results ( which are non - GAAP financial measures ) , reflect adjustments for realized and unrealized investment gains and losses , the impact of PPP fee accretion ( net of the amortization of PPP deferred loan costs and one - time PPP bonuses ) , gains and losses from the sale of REO , the provision for ( recovery of ) loan losses , and the provision for ( recovery of ) unfunded loan commitments . See Appendix B to this press release for more information on our tax equivalent net interest margin . All financial information in this press release is unaudited .