Mauch Chunk Trust reports $455K net income for quarter
Net income rose to $455,000 for the quarter ended March 31, up $212,000 from a year earlier, driven by higher net interest and other income and a reduced allowance for credit losses.
The Board of Directors of Mauch Chunk Trust Financial Corporation has released earnings results for the corporation for the period ended March 31.
Net income was $455 thousand, $212 thousand higher than the same period in 2025. On a per share basis, net income was 14 cents this year versus 7 cents last year.
The board said higher net income in 2026 was attributable to an increase in net interest income and other income, and decreases in the allowance for credit losses, partially offset by increases in other expenses and income tax expense.
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 six full-service community offices in Carbon and Schuylkill Counties as well as a Wealth Management office in Jim Thorpe.
MCT was incorporated on August 25, 1902, as the successor institution to the Second National Bank of Mauch Chunk established in 1864.