8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  July 26, 2010

METROCORP BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Texas	000-25141	76-0579161
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

9600 Bellaire Boulevard, Suite 252

Houston, Texas 77036

(Address of principal executive offices including zip code)

Registrant's telephone number, including area code:  (713) 776-3876

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.  Regulation FD Disclosure.

On July 27, 2010, management of MetroCorp Bancshares, Inc. (the “Company”) will be presenting information regarding the Company’s business and financial performance to various analysts and investors at the Keefe, Bruyette & Woods 11th Annual Community Bank Investor Conference.  The foregoing description is qualified by reference to such exhibit. 

As provided in General Instruction B.2 to Form 8-K, the information contained in Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K is being furnished to the Securities and Exchange Commission and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section, nor shall it be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01.  Financial Statements and Exhibits.

Exhibits.  The following is furnished as an exhibit to this Current Report on Form 8-K:

Exhibit Number	Description of Exhibit
99.1	Investor slide presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

METROCORP BANCSHARES, INC.

(Registrant)

Dated:  July 26, 2010                                                    By:  /s/ George M. Lee

George M. Lee

Executive Vice Chairman, President and

Chief Executive Officer

EXHIBIT INDEX

Exhibits.    The following is furnished as an exhibit to this Current Report on Form 8-K:

Exhibit Number	Description of Exhibit
99.1	Investor slide presentation

EX-99

KBW 11th Annual

Community Bank Investor Conference

New York, NY

July 27th, 2010

Presentation by: George M. Lee

Executive Vice Chairman, President & CEO

The statements contained in this presentation that are not historical facts
are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements describe MetroCorp’s future plans,
projections, strategies and expectations, are based on assumptions and
involve a number of risks and uncertainties, many of which are beyond
MetroCorp’s control.Actual results could differ materially from those
projected due to changes in interest rates, competition in the industry,
changes in local and national economic conditions and various other
factors.Additional information concerning such factors that could affect
MetroCorp is contained in MetroCorp’s 2009 Annual Report on Form 10-K
and other reports and documents filed from time to time with the SEC.

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FORWARD LOOKING STATEMENTS

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NET INTEREST MARGIN (%)

	2009				2010
	Q1	Q2	Q3	Q4	Q1	Q2
MetroBank	3.70	3.86	3.11	4.10	4.39	3.98
Metro United Bank	3.15	3.31	3.67	3.48	3.28	3.69

	2007				2008
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
MetroBank	4.95	4.65	4.86	4.64	4.50	4.37	4.04	3.99
Metro United Bank	4.04	4.41	4.07	4.35	3.59	3.56	3.54	3.56

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CAPITAL RATIOS

	TOTAL RISK BASED CAPITAL RATIO	TANGIBLE COMMON EQUITY CAPITAL RATIO
6/30/2010	14.57%	5.85%
12/31/2009	13.80%	5.79%
12/31/2008	10.17%	6.22%

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In $000’s	2005	2006	2007	2008	2009	2010- Q1	2010- Q2
Net Nonperforming Assets *	$17,262	$9,304	$5,501	$55,695	$100,309	$97,456	$79,664
Net Nonperforming Assets to Total Assets %	1.53%	0.73%	0.38%	3.52%	6.31%	6.10%	4.9%

* Net Nonperforming Assets are net of guarantee and accruing loans > 90 days delinquent.

NON-PERFORMING ASSETS (NET)

In $000’s	2005	2006	2007	2008	2009	2010-Q1	2010-Q2
Allowance for Loan Losses	$13,169	$11,436	$13,125	$24,235	$29,403	$34,732	$36,004
Allowance to Net Nonperforming Loans % *	98.31%	174.41%	325.93%	47.64%	37.69%	49.29%	58.85%

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* Net Nonperforming Loans include TDR but are net of guarantee and accruing loans > 90 days delinquent.

ALLOWANCE FOR LOAN LOSSES

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METROBANK (TEXAS)

As of 6/30/10$ in millions

• Assets           $ 1,167

• Loans            $    878

• Deposits        $    999

• Branches               13

§ Maintain Texas Dominance

§ Asset Quality Improvement

§ Expense Control

§ International (China) Opportunity Expansion

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TEXAS INITIATIVES

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METRO UNITED BANK (CALIFORNIA)

As of 6/30/10$ in millions

• Assets           $ 462

• Loans            $ 347

• Deposits        $ 371

• Branches              6

§ Asset Quality Improvement

§ Expense Control

§ Improve Fee Income

§ Low Cost Deposit Growth

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CALIFORNIA INITIATIVES

13

$ in millions

MCBI TOTAL ASSET TREND

$ in millions

MCBI TOTAL LOAN TREND

$ in millions

MCBI TOTAL DEPOSIT TREND

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PRE-TAX PRE-PROVISION EPS

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PRE-TAX PRE-PROVISION EPS

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PRE-TAX PRE-PROVISION EPS

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OPERATING GUIDELINES

ESTABLISH
PRIORITIES

CHOOSE THE
CULTURE

DETERMINE RISK
STRATEGY

IMPLEMENT RISK
CONTROLS

STEP 1STEP 2STEP 3STEP 4

VALUES DRIVEN

IMMEDIATE
EARNINGS

DRIVEN

PRODUCTION
DRIVEN

UNFOCUSED

CONSERVATIVE

MANAGED

AGGRESSIVE

VARIES/VARIOUS

BEHAVIOR
INFLUENCING

BEHAVIOR
DIRECTING

BEHAVIOR
CONTROLLING

ASSET QUALITY/
SOUNDNESS

IMMEDIATE
EARNINGS

GROWTH /

MARKET SHARE

NO CLEAR
PRIORITIES

?

X

X

X

X

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