MBTF Profile
M B T Financial Corp. (MBTF) is a regional bank holding company headquartered in Monroe, Michigan, USA. The company was established in 1989 and is traded on the NASDAQ stock exchange under the ticker symbol "MBTF".
MBTF operates through its subsidiary, Monroe Bank & Trust, which provides a range of banking services to individuals, small businesses, and commercial clients. The bank's services include deposit products, lending products, wealth management, and insurance services. It also offers online banking, mobile banking, and remote deposit capture services to its customers.
As of September 30, 2021, Monroe Bank & Trust had total assets of approximately $1.3 billion, total deposits of $1.1 billion, and total loans of $877 million. The bank operates 20 full-service banking locations in southeastern Michigan and northwest Ohio.
MBTF has a long-standing history of serving its local communities, and it is committed to being a responsible corporate citizen. The company supports various charitable and community organizations, including schools, hospitals, and non-profit groups.
In terms of financial performance, MBTF has reported steady growth over the years. In 2020, the company reported net income of $9.5 million, compared to $6.2 million in 2019. Its net interest margin, a key measure of profitability for banks, was 3.11% in 2020, compared to 3.37% in 2019. MBTF's return on average assets was 0.77% in 2020, up from 0.52% in 2019.
Overall, MBTF is a well-established regional bank holding company with a strong commitment to its local communities. Its solid financial performance and continued focus on serving the needs of its customers position the company well for future growth and success.
|
