Monroe Bank & Trust -- Investor Relations

Financial Highlights

MBT FINANCIAL CORP. (NASDAQ - MBTF)

Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
	2009 Q3	2008 Q3	Y-Y Ch (%)	2009 Q2	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	879,095	980,771	(10.37)	909,531	(13.39)
Loans Held for Sale, before Reserves	418	267	56.55	825	(197.33)
Loan Loss Reserve	18,573	18,408	0.90	23,875	(88.83)
Net Loans Receivable	860,940	962,630	(10.56)	886,481	(11.52)
Intangible Assets	NA	35	NA	NA	NA
Total Assets	1,442,512	1,505,709	(4.20)	1,441,582	0.26
Deposits	1,047,649	1,080,194	(3.01)	1,039,479	3.14
Debt, Senior and Subordinated	273,500	291,500	(6.17)	278,500	(7.18)
Common Equity	109,597	120,413	(8.98)	110,010	(1.50)
Total Shareholders' Equity	109,597	120,413	(8.98)	110,010	(1.50)
Shares Outstanding (actual)	16,198,785	16,139,538	0.37	16,178,121	0.51

Income Statement ($000)
	2009 Q3	2008 Q3	Y-Y Ch (%)	2009 Q2	Q-Q Ch (%)^†
Net Interest Income	10,516	11,086	(5.14)	10,185	13.00
Provision for Loan Losses	6,800	4,100	65.85	8,000	(60.00)
Noninterest Income	3,746	3,942	(4.97)	3,580	18.55
Noninterest Expense	11,390	11,365	0.22	13,926	(72.84)
Net Income Before Taxes	(4,115)	(114)	3,509.65	(8,774)	(212.40)
Provision for Taxes	(1,790)	(438)	308.68	(3,401)	(189.47)
Net Income	(2,325)	324	NM	(5,373)	(226.91)

Per Share Items ($)
	2009 Q3	2008 Q3	Y-Y Ch (%)	2009 Q2	Q-Q Ch (%)^†
Book Value per Share	6.77	7.46	(9.31)	6.80	(2.01)
Tangible Book Value	NA	7.46	NA	NA	NA
Diluted EPS Before Extra	(0.14)	0.02	NM	(0.33)	(230.30)
Diluted EPS After Extra	(0.14)	0.02	NM	(0.33)	(230.30)
Dividends Declared	0.0000	0.0900	NM	0.0100	NM

Performance Ratios (%)
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
ROAA	(0.65)	0.09	(73)	(1.48)	83
ROAE	(8.26)	1.05	(931)	(18.26)	1,000
Net Interest Margin	3.24	3.24	0	3.14	10
Loans / Deposits	83.91	90.80	(688)	87.50	(359)
Efficiency Ratio	61.90	56.66	524	70.22	(832)

Balance Sheet Ratios (%)
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	NA	7.99	NA	NA	NA
Equity/ Assets	7.60	8.00	(40)	7.63	(3)
Asset Quality Ratios (%)
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
Nonperforming Assets/ Assets	6.75	3.96	279	6.17	58
Loan Loss Reserves/ Gross Loans	2.11	1.88	24	2.62	(51)
Loan Loss Reserves/ NPAs	19.12	30.95	(1,183)	26.92	(780)
Net Charge-offs/ Avg Loans	5.38	1.54	384	2.56	282

Regulatory Capital Ratios (%)
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
Tier 1 Capital Ratio	9.91	11.69	(178)	10.66	(75)

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

* Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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