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Published: Thursday, 4/15/2004

MBT Financial posts increases

MONROE - MBT Financial Corp., parent of Monroe Bank & Trust, reported a first-quarter profit yesterday of $5.4 million, or 31 cents a share, up 7 percent from nearly $5.1 million, or 26 cents a share, for the period a year ago.

It said it had net interest income of $12.6 million, up from $12 million a year earlier; took a $600,000 provision for loan losses, down from $825,000 a year ago; and had assets of $1.4 billion at the end of the quarter, down from $1.46 billion a year before.

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