Wednesday, Feb 21, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Monroe Bank & Trust Financial reports quarterly loss of $5.4M

MONROE Declining real estate values in Monroe County hurt the bottom line of MBT Financial Corp., the parent firm of Monroe Bank & Trust, which Monday reported a second- quarter loss of $5.4 million, or 33 cents a share.

That compared to a profit of $1.7 million, or 11 cents a share, in the same quarter a year ago .

The company said it boosted its provision for loan losses to $8 million from $2.7 million a year ago, and that its net interest income totaled $10.2 million, down from $11.1 million for the second quarter of 2008.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…