The Board of Directors of Mauch Chunk Trust Financial Corporation has released the earnings results for the corporation for 2012.

Net income for the year ended December 31, 2012 was a record $3.2 million, $501,000 greater than 2011. On a per share basis net income was $1.04 this year versus $ .88 last year.

Higher net income in 2012 is attributable to an increase in other income, mainly net realized gains on the sale of securities and fees from mortgage banking activities, and a reduction in the provision for loan losses. These positive changes were partially offset by a decrease in net interest income and an increase in income tax expense. Other expenses for the year were virtually flat compared to 2011 as a substantial reduction in other real estate expense was partially off-set by an increase in prepayment penalties associated with a reduction in long- term debt.

Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, an independent community bank with its main office located at 1111 North St., Jim Thorpe, Carbon County, PA. Mauch Chunk Trust operates six (6) banking offices, including five in Carbon County and in Hometown, Schuylkill County, PA.

Incorporated in 1902, Mauch Chunk Trust is the successor institution to the Second National Bank of Mauch Chunk established in 1864. For more information on Mauch Chunk Trust visit their Web-Site at [1]