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, $269,000 less than the same period in 2016.

On a per share basis, net income year-to-date was 70 cents this year compared to 79 cents last year. For the three months ending Sept. 30, net income was $814,000, $199,000 less than the same period in 2016. On a per share basis, third quarter net income was 27 cents this year versus 33 cents last year.

The decrease in year-to-date and quarter-to-date income is primarily attributable to higher other income in 2016 versus 2017, specifically a gain on the sale of an ORE property, mortgage banking fees and net realized gains on sales of securities. Partially offsetting this year’s lower revenue in these areas is an increase in net interest income and a reduction in costs: loan loss provision, other expense, and taxes.

Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, an independent community bank with its head office 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