XML 64 R55.htm IDEA: XBRL DOCUMENT
v3.23.1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Amount and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Financial assets: |  |
Securities held to maturity | $ 436,100 | $ 437,300
Financial liabilities: |  |
Noninterest-bearing demand deposits | 2,122,606 | 2,422,151
Federal funds purchased | 195,000 | 150,000
Federal Home Loan Bank of New York advances | 200,000 | 100,000
Carrying Amount |  |
Financial assets: |  |
Cash and due from banks | 32,525 | 26,780
Overnight deposits | 266,978 | 230,638
Securities held to maturity | 501,525 | 510,425
Loans, net | 4,803,942 | 4,795,647
Other investments |  |
FRB Stock | 11,411 | 11,421
FHLB Stock | 13,691 | 9,191
Disability Fund | 1,500 | 1,000
Time deposits at banks | 498 | 498
Receivables from prepaid card programs, net | 83,787 | 85,605
Accrued interest receivable | 24,006 | 24,107
Financial liabilities: |  |
Noninterest-bearing demand deposits | 2,122,606 | 2,422,151
Money market and savings deposits | 2,955,407 | 2,803,698
Time deposits | 53,775 | 52,063
Federal funds purchased | 195,000 | 150,000
Federal Home Loan Bank of New York advances | 200,000 | 100,000
Trust preferred securities payable | 20,620 | 20,620
Prepaid debit cardholder balances | 11,102 | 10,579
Accrued interest payable | 689 | 728
Secured Borrowings | 7,689 | 7,725
Total Fair Value |  |
Financial assets: |  |
Cash and due from banks | 32,525 | 26,780
Overnight deposits | 266,978 | 230,638
Securities held to maturity | 436,131 | 437,290
Loans, net | 4,718,214 | 4,737,007
Other investments |  |
Disability Fund | 1,500 | 1,000
Time deposits at banks | 498 | 498
Receivables from prepaid card programs, net | 83,787 | 85,605
Accrued interest receivable | 24,006 | 24,107
Financial liabilities: |  |
Noninterest-bearing demand deposits | 2,122,606 | 2,422,151
Money market and savings deposits | 2,955,407 | 2,803,698
Time deposits | 52,971 | 51,058
Federal funds purchased | 195,000 | 150,000
Federal Home Loan Bank of New York advances | 200,000 | 100,000
Trust preferred securities payable | 19,983 | 19,953
Prepaid debit cardholder balances | 11,102 | 10,579
Accrued interest payable | 689 | 728
Secured Borrowings | 7,689 | 7,725
Fair Value, Inputs, Level 1 |  |
Financial assets: |  |
Cash and due from banks | 32,525 | 26,780
Overnight deposits | 266,978 | 230,638
Other investments |  |
Time deposits at banks | 498 | 498
Financial liabilities: |  |
Noninterest-bearing demand deposits | 2,122,606 | 2,422,151
Money market and savings deposits | 2,955,407 | 2,803,698
Accrued interest payable | 11 | 112
Fair Value, Inputs, Level 2 |  |
Financial assets: |  |
Securities held to maturity | 436,131 | 437,290
Other investments |  |
Disability Fund | 1,500 | 1,000
Accrued interest receivable | 859 | 964
Financial liabilities: |  |
Time deposits | 52,971 | 51,058
Federal funds purchased | 195,000 | 150,000
Federal Home Loan Bank of New York advances | 200,000 | 100,000
Accrued interest payable | 338 | 293
Secured Borrowings | 7,689 | 7,725
Fair Value, Inputs, Level 3 |  |
Financial assets: |  |
Loans, net | 4,718,214 | 4,737,007
Other investments |  |
Receivables from prepaid card programs, net | 83,787 | 85,605
Accrued interest receivable | 23,147 | 23,143
Financial liabilities: |  |
Trust preferred securities payable | 19,983 | 19,953
Prepaid debit cardholder balances | 11,102 | 10,579
Accrued interest payable | $ 340 | $ 323

X
- Definition This elements represents amount of disability fund. + References No definition available. + Details
Name: | mcb_DisabilityFund
Namespace Prefix: | mcb_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Represents amount of Overnight deposits. + References No definition available. + Details
Name: | mcb_OvernightDepositsFairValueDisclosure
Namespace Prefix: | mcb_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of prepaid debit card holder balance. + References No definition available. + Details
Name: | mcb_PrepaidDebitCardHolderBalance
Namespace Prefix: | mcb_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of receivable from prepaid card programs. + References No definition available. + Details
Name: | mcb_ReceivablesFromPrepaidCardProgram
Namespace Prefix: | mcb_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The fair value of secured borrowings as at the end of the reporting period. + References No definition available. + Details
Name: | mcb_SecuredBorrowingsFairValueDisclosure
Namespace Prefix: | mcb_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Trust Preferred Securities. + References No definition available. + Details
Name: | mcb_TrustPreferredSecurities
Namespace Prefix: | mcb_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 + Details
Name: | us-gaap_AccountsReceivableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of accrued expenses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_AccruedLiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowings as of the balance sheet date from the Federal Home Loan Bank, which are primarily used to cover shortages in the required reserve balance and liquidity shortages. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
Name: | us-gaap_AdvancesFromFederalHomeLoanBanks
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of deposits in accounts that offer many of the same services as checking accounts although transactions may be somewhat more limited, share some of the characteristics of a money market fund and are insured by the Federal government, also known as money market accounts. Also includes amount of deposits in interest-bearing transaction accounts at banks or savings and loans, that are restricted in regard to ownership and can usually only be held by individuals, nonprofit entities and governments. Negotiable order of withdrawal accounts differ from money market demand accounts as they typically have higher reserve requirements and no limit on the number of checks that can be written. + References No definition available. + Details
Name: | us-gaap_DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of short term borrowing where a bank borrows, at the federal funds rate, from another bank. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13(1)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_FederalFundsPurchased
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Federal Home Loan Bank (FHLB) stock represents an equity interest in a FHLB. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 325 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123599499&loc=d3e63345-112809 + Details
Name: | us-gaap_FederalHomeLoanBankStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Federal Reserve Bank stock represents an equity interest in the Federal Reserve Bank. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 325 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123599499&loc=d3e63345-112809 + Details
Name: | us-gaap_FederalReserveBankStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (aa) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27232-111563 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5A -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269820-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition For banks and other depository institutions (including Federal Reserve Banks, if applicable): Interest-bearing deposits in other financial institutions for relatively short periods of time including, for example, certificates of deposits, which are presented separately from cash on the balance sheet. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section 45 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126970686&loc=d3e59706-112781 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.2) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_InterestBearingDepositsInBanks
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansReceivableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The aggregate amount of all domestic and foreign noninterest-bearing deposits liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_NoninterestBearingDepositLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_OtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of time deposit liabilities, including certificates of deposit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_TimeDeposits
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |