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MCT announces first quarter earnings

The Board of Directors of Mauch Chunk Trust Financial Corp. released its earnings results for the quarter ended March 31.

Net income for the three months ended March 31 was $608,000, which is $47,000 higher than the same period in 2016. On a per share basis, the net income was 20 cents this year versus 18 cents last year.Higher net income in 2017 is attributable to an increase in net interest income, higher net realized gains on the sales of securities, an increase in wealth management fees and lower provision for loan losses, offset, in part, by higher income tax expense.Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Co., an independent community bank with its main office at 1111 North St., Jim Thorpe.Incorporated in 1902, MCT operates seven banking offices, five in Carbon County and two in Schuylkill County. It is the successor institution to the Second National Bank of Mauch Chunk established in 1864. For more information, go to

www.mauchchunktrust.com.