The board of directors of Mauch Chunk Trust Financial Corporation have released earnings results for the corporation for the period ended Sept. 30.

Net income for the nine months ended Sept. 30 was $2.2 million, or $44,000 more than the same period in 2017. On a per-share basis, net income year to date was 72 cents this year compared to 70 cents last year. For the three months ending Sept. 30, net income was $723,000, $92,000 less than the same period in 2017. On a per-share basis, third quarter net income was 24 cents this year versus 27 cents last year.

The change in year-to-date income is primarily attributable to higher net interest income and lower income taxes, partially offset by an increase in other expenses and a decrease in other income. The reduction in other income this year compared to 2017 is due mainly to lower gains on the sale of securities and mortgage servicing rights.

On a quarterly basis, lower net income this year is attributable to higher other expenses and lower other income, partially offset by an increase in net interest income and a reduction in income tax expense.

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, and Carbon County. Mauch Chunk Trust operates seven banking offices, including five in Carbon County and two in Schuylkill County.

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 website at www.mauchchunktrust.com.