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Published: Thursday, 10/18/2007

Monroe Bank & Trust Financial returns to profit

MONROE - The owner of Monroe Bank & Trust said after the stock market closed yesterday that it had a third-quarter profit of $3.2 million, or 20 cents a share, compared with a loss of $1.1 million, or 7 cents a share, for the period a year ago.

MBT Financial Corp. said its net interest income dropped to $10.7 million from $11.4 million a year earlier; the provision for loan and lease losses was $1 million, down from nearly $8 million a year ago; and assets were $1.56 billion, down from $1.59 billion.

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