MBT Financial Corp. Announces First Quarter Earnings (Unaudited)

Apr 13, 2001, 01:00 ET from MBT Financial Corp.

    MONROE, Mich., April 13 /PRNewswire/ -- MBT Financial Corp.
 (OTC Bulletin Board:   MBTF) announced today that its earnings for the quarter
 ended March 31, 2001 were $3,453,000.  This represents a decrease of 34%
 compared to the first quarter of 2000.  Returns on average common equity and
 average assets for the first quarter were 9.0% and 1.0%, respectively,
 compared to 15.0% and 1.7% for the first quarter of 2000.
     Earnings for the quarter were negatively impacted by the decision to
 record a $4,400,000 provision for loan losses, compared to the provision of
 $1,798,000 in the fourth quarter of 2000.  Ronald D. LaBeau, President,
 commented, "The increased provision for loan losses is in response to an
 ongoing evaluation of our existing loan portfolio and growing concern in the
 banking industry that the general economy may be weakening."
     The allowance for loan losses has increased to $12,999,000, or 1.5% of
 total loans, compared to $10,600,000, or 1.3% of total loans at December 31,
 2000.  The ratio of non performing assets to total assets was 2.2% at
 March 31, 2001 and 1.5% at December 31, 2000.
     LaBeau added, "We hope the much discussed soft landing of the economy will
 prove to be a reality.  In the meantime, management and the Board of Directors
 pledge to continue to diligently monitor the assets of the bank in order to
 best serve the interests of our shareholders and customers."
     The company also will pay its quarterly dividend of eleven (11) cents per
 share on Monday, April 16, 2001 to all common shareholders of record as of
 March 23, 2001.
     MBT Financial Corp. is the holding company for Monroe Bank & Trust.  The
 bank operates 22 full service offices and 33 ATMs in Southeastern Michigan,
 and offers Internet banking services through its web site, www.mbandt.com .
 
     Forward-Looking Statements
     This news release may be deemed to include forward-looking statements such
 as statements relating to financial goals, business outlook and credit
 quality.  Actual results could differ materially from those indicated by these
 statements due to a variety of factors, including those related to the
 economic environment in the market areas in which the company operates, credit
 risk management, asset/liability management and the availability of and costs
 associated with sources of liquidity.
 
 

SOURCE MBT Financial Corp.
    MONROE, Mich., April 13 /PRNewswire/ -- MBT Financial Corp.
 (OTC Bulletin Board:   MBTF) announced today that its earnings for the quarter
 ended March 31, 2001 were $3,453,000.  This represents a decrease of 34%
 compared to the first quarter of 2000.  Returns on average common equity and
 average assets for the first quarter were 9.0% and 1.0%, respectively,
 compared to 15.0% and 1.7% for the first quarter of 2000.
     Earnings for the quarter were negatively impacted by the decision to
 record a $4,400,000 provision for loan losses, compared to the provision of
 $1,798,000 in the fourth quarter of 2000.  Ronald D. LaBeau, President,
 commented, "The increased provision for loan losses is in response to an
 ongoing evaluation of our existing loan portfolio and growing concern in the
 banking industry that the general economy may be weakening."
     The allowance for loan losses has increased to $12,999,000, or 1.5% of
 total loans, compared to $10,600,000, or 1.3% of total loans at December 31,
 2000.  The ratio of non performing assets to total assets was 2.2% at
 March 31, 2001 and 1.5% at December 31, 2000.
     LaBeau added, "We hope the much discussed soft landing of the economy will
 prove to be a reality.  In the meantime, management and the Board of Directors
 pledge to continue to diligently monitor the assets of the bank in order to
 best serve the interests of our shareholders and customers."
     The company also will pay its quarterly dividend of eleven (11) cents per
 share on Monday, April 16, 2001 to all common shareholders of record as of
 March 23, 2001.
     MBT Financial Corp. is the holding company for Monroe Bank & Trust.  The
 bank operates 22 full service offices and 33 ATMs in Southeastern Michigan,
 and offers Internet banking services through its web site, www.mbandt.com .
 
     Forward-Looking Statements
     This news release may be deemed to include forward-looking statements such
 as statements relating to financial goals, business outlook and credit
 quality.  Actual results could differ materially from those indicated by these
 statements due to a variety of factors, including those related to the
 economic environment in the market areas in which the company operates, credit
 risk management, asset/liability management and the availability of and costs
 associated with sources of liquidity.
 
 SOURCE  MBT Financial Corp.