M B T Financial Corp (MBTF) Financial Statements (2024 and earlier)

Company Profile

Business Address 102 EAST FRONT STREET
MONROE, MI 48161
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 51,84253,01052,77285,05052,12277,798
Cash and cash equivalents 51,84253,01052,77285,05052,12277,798
Disposal group, including discontinued operation     548 
Total current assets: 51,84253,01052,77285,05052,67077,798
Noncurrent Assets
Property, plant and equipment 26,85027,40027,16928,24428,63228,213
Total noncurrent assets: 26,85027,40027,16928,24428,63228,213
Other undisclosed assets 1,258,1991,267,0101,277,3421,229,0191,197,3551,116,671
TOTAL ASSETS: 1,336,8911,347,4201,357,2831,342,3131,278,6571,222,682
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    15,00015,000 
Total current liabilities:    15,00015,000 
Noncurrent Liabilities
Other undisclosed liabilities 1,209,2241,214,7621,216,1691,179,9721,129,1211,112,074
Total liabilities: 1,209,2241,214,7621,216,1691,194,9721,144,1211,112,074
Equity
Equity, attributable to parent 127,667132,658141,114147,341134,536110,608
Common stock 23,45322,84022,56223,49223,03714,671
Deferred compensation equity   (4)(13) (7)
Accumulated other comprehensive loss (9,707)(7,706)(7,523)(2,352)(2,633)(10,873)
Retained earnings 113,921117,524126,079126,214114,132106,817
Total equity: 127,667132,658141,114147,341134,536110,608
TOTAL LIABILITIES AND EQUITY: 1,336,8911,347,4201,357,2831,342,3131,278,6571,222,682

Income Statement (P&L) ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 46,29453,66354,05552,35749,165 
Net investment income 46,29441,80039,85940,04138,539 
Financial services revenue11,86314,19612,31610,626 
Cost of revenue
(Financial Services Costs)
     (500)(2,200)
Gross profit: 46,29453,66354,05552,35748,665(2,200)
Operating expenses (8,000)(30,551)(31,336)(30,387)(33,288)(26,003)
Other operating income, net
(Noninterest Income, Other Operating Income)
  2,0431,9501,7251,8212,631
Operating income (loss): 38,29425,15524,66923,69517,198(25,572)
Nonoperating income  2,7283,7131,2863,25224
Investment income, nonoperating  7522,346 2,782 
Losses on sales of other real estate  (22)(85)(284)(946)(1,442)
Bank owned life insurance income  1,9781,4251,3531,4161,466
Profit from real estate operations  2027217  
Interest and debt expense (2,255)(1,737)(2,236)(3,066)(3,838)(6,037)
Income (loss) from continuing operations before equity method investments, income taxes: 36,03926,14626,14621,91516,612(31,585)
Other undisclosed income (loss) from continuing operations before income taxes (14,395)(5,636)(5,408)(4,813)(6,725)39,009
Income from continuing operations before income taxes: 21,64420,51020,73817,1029,8877,424
Income tax expense (benefit) (3,945)(9,901)(6,237)(5,020)(2,572)18,113
Income from continuing operations: 17,69910,60914,50112,0827,31525,537
Income before gain (loss) on sale of properties: 17,69910,60914,50112,0827,31525,537
Net income available to common stockholders, diluted: 17,69910,60914,50112,0827,31525,537

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 17,69910,60914,50112,0827,31525,537
Other comprehensive income (loss)    2818,240(10,797)
Comprehensive income: 17,69910,60914,50112,36315,55514,740
Other undisclosed comprehensive loss, net of tax, attributable to parent (1,952)(183)(5,171)   
Comprehensive income, net of tax, attributable to parent: 15,74710,4269,33012,36315,55514,740

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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