Friday, Apr 20, 2018
One of America's Great Newspapers ~ Toledo, Ohio


MBT reports lower quarter

MONROE - MBT Financial Corp., parent of Monroe Bank & Trust, reported third-quarter profit yesterday of $2.6 million, or 15 cents a share, down 58 percent from $6.1 million, or 35 cents a share, reported for the same quarter last year.

The company attributed the decline to a previously announced special charge to earnings because of losses incurred from the sale of some real estate and to an increase in its provision for loan losses.

That increase, to $4.1 million from $600,000, meant the company had net interest income of $9 million, compared with $13 million for the quarter a year ago, and assets of $1.61 billion, compared with $1.6 billion a year earlier.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…