The board of directors of Mauch Chunk Trust Financial Corporation have released earnings results for the corporation for the period ended March 31.

Net income for the three months ended March 31, was $1.1 million, $121 thousand less than the same period in 2022. On a per share basis, net income was 34 cents this year versus 38 cents last year.

Lower net income in 2023 is attributable to a decrease in net interest income, an increase in other expenses partially offset by higher other income and decreases in the provision for loan losses and taxes.

MCT, the wholly owned subsidiary of MCTFC, is a locally owned and managed independent community bank with its main office in Jim Thorpe. The bank operates seven full-service community offices in Carbon and Schuylkill Counties as well as a Wealth Management office in Jim Thorpe. MCT was incorporated on Aug. 25, 1902, as the successor institution to the Second National Bank of Mauch Chunk established in 1864.

For more information about MCT, visit www.mct.bank.