Loading…
Friday, September 19, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Tuesday, 7/28/2009

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.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.






Poll