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Published: Saturday, 7/19/2008

Monroe Bank & Trust parent s profit declines

MONROE MBT Financial Corp., the parent firm of Monroe Bank & Trust, has reported second-quarter profits of $1.7 million, or 11 cents per share, a decrease of 51 percent from the $3.5 million, or 21 cents per share it posted for the same quarter a year ago.

The bank holding company said its net interest income climbed to $11.1 million from $10.8 million a year ago, and its provision for loan losses increased significantly to $2.7 million from $750,000 for the same period.

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