BUSINESS BRIEF

MBT Financial reports $1.7M 2nd quarter profit

7/26/2014

MONROE — MBT Financial Corp., the parent company of Monroe Bank & Trust, reported a second quarter profit of $1.7 million, or 8 cents per share. That’s a 13 percent improvement from the second quarter of 2013. Officials said both interest income and non-interest income rose in the quarter.

“This quarter we experienced some significant accomplishments, including the completion of our capital offering, the termination of our regulatory Consent Order, the opening of our first office in Lenawee County ... and improvement in most of our asset quality metrics,” President and CEO H. Douglass Chaffin said in a statement.

Mr. Chaffin said the bank is well-positioned for increasing lending activity.