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Published: Friday, 7/26/2013

MBT Financial posts $1.5M 2nd-period profit

MONROE — MBT Financial Corp., parent of Monroe Bank & Trust, posted a second-quarter profit of $1.5 million. That is nearly six times what the bank’s profit was in the same period last year, though that included a significant tax expense.

On a per-share basis, the company earned 8 cents in the quarter, compared with 1 cent last year.

The bank said loan demand continues to be weak, but Chief Executive Officer H. Douglas Chaffin said the bank expects to see an improvement as the economy continues to improve.

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