Investor Relations

Annual/Quarterly Reports and Press Releases

Annual Reports

2020 2019  

Quarterly Reports

2021

Q1 Q2

2020

Q1  Q2  Q3

2019

Q1  Q2  Q3

Press Releases

May 10, 2021

The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend of $.16 per share payable on June 30, 2021 to shareholders of record as of June 2, 2021.

Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On March 31, 2021, the corporation had total assets of $538.5 million and shareholders’ equity of $43.1 million.

December 18, 2020

The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend $.15 per share payable December 31, 2020 to shareholders of record December 2, 2020.

Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On September 30, 2020, the corporation had total assets of $508.1 million and shareholders’ equity of $48.4 million.

December 9, 2020

The Board of Directors has reauthorized the repurchase of up to 150,000 shares (4.9%) of the Corporation’s outstanding common stock. This program was suspended earlier this year during the COVID related economic lockdown. The Corporation repurchased 10,500 shares in 2020 before the program was suspended. Pursuant to the authorization, the Chief Executive Officer of the Corporation may direct the repurchases at times and in amounts determined by him to be prudent, except that any transaction involving an aggregate purchase price to be paid by the Corporation of more than $100,000 will be subject to the separate prior approval of the Corporation’s Board of Directors. The Board of Directors has provided for the repurchase program to expire after December 31, 2021, unless sooner terminated or extended.

Repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing and actual number of shares repurchased will depend on market conditions and other requirements. Shares repurchased will be held by the Corporation as treasury shares available for future issuance.

The repurchase program does not obligate the Corporation to purchase any dollar amount or number of shares and the Corporation may suspend, modify, extend, or terminate the program at any time. If you would like to participate in this program, please contact Lisa Perry directly at 570-325-0486.

October 29, 2020

The Board of Directors has reauthorized the repurchase of up to 150,000 shares (4.9%) of the Corporation’s outstanding common stock. This program was suspended earlier this year during the COVID related economic lockdown. The Corporation repurchased 10,500 shares in 2020 before the program was suspended. Pursuant to the authorization, the Chief Executive Officer of the Corporation may direct the repurchases at times and in amounts determined by him to be prudent, except that any transaction involving an aggregate purchase price to be paid by the Corporation of more than $100,000 will be subject to the separate prior approval of the Corporation’s Board of Directors. The Board of Directors has provided for the repurchase program to expire after December 31, 2020, unless sooner terminated or extended.

Repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing and actual number of shares repurchased will depend on market conditions and other requirements. Shares repurchased will be held by the Corporation as treasury shares available for future issuance.

The repurchase program does not obligate the Corporation to purchase any dollar amount or number of shares and the Corporation may suspend, modify, extend, or terminate the program at any time.

May 5, 2020

The Board of Directors of Mauch Chunk Trust Financial Corp. declared a dividend of $.15 per share payable on June 30, 2020 to shareholders of record as of June 3, 2020.

Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On March 31, 2020 the corporation had total assets of $465.9 million and shareholders’ equity of $43.7 million.

February 4, 2020

The Board of Directors of Mauch Chunk Trust Financial Corporation have released earnings results for the corporation for the year ended December 31, 2019.

Net income for the year ended December 31, 2019 was $2.41 million, $421 thousand lower than 2018 net income of $2.83 million. On a per share basis, net income was $0.72 for 2019 versus $0.84 per share the prior year.

The overall decrease in earnings was mainly attributable to increases in the provision for loan losses, other expenses, pre-payments penalties on FHLB advances and lower net realized gains on the sale of foreclosed assets. These negative variances were partially offset by higher net interest income and an increase in realized gains on the sale of securities.

January 8, 2020

The Board of Directors of Mauch Chunk Trust Financial Corp. authorized the repurchase of up to 150,000 shares (4.9%) of the Corporation’s outstanding common stock. Pursuant to the authorization, the Chief Executive Officer of the Corporation may direct the repurchases at times and in amounts determined by him to be prudent, except that any transaction involving an aggregate purchase price to be paid by the Corporation of more than $100,000 will be subject to the separate prior approval of the Corporation’s Board of Directors. The Board of Directors has provided for the repurchase program to expire after December 31, 2020, unless sooner terminated or extended.

Repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing and actual number of shares repurchased will depend on market conditions and other requirements. Shares repurchased will be held by the Corporation as treasury shares available for future issuance.

The repurchase program does not obligate the Corporation to purchase any dollar amount or number of shares and the Corporation may suspend, modify, extend or terminate the program at any time.

January 6, 2020

Mauch Chunk Trust Financial Corp. is required to make available to all stockholders Internal Revenue Service (IRS) Form 8937, which provides information regarding a split or dividend and describes the method for the allocation of a stockholder’s basis to the resulting shares held after the split or dividend. Please click this link to access IRS Form 8937 for Mauch Chunk Trust Financial Corp.'s stock split completed in November 2019.

November 15, 2019

The Board of Directors of Mauch Chunk Trust Financial Corp. declared a 10% stock dividend payable on December 6, 2019 to shareholders of record as of November 25, 2019. Any fractional shares will be distributed in cash. The Board also declared a regular dividend of $ .15 per share payable December 31, 2019 to shareholders of record as of December 11, 2019.

The reduction in the cash dividend rate is necessary to maintain the appropriate level of capital and support continued growth in earning assets.

October 28, 2019

The Board of Directors of Mauch Chunk Trust Financial Corporation have released earnings results for the corporation for the period ended September 30, 2019.

Net income for the nine months ended September 30, 2019 was $2.1 million, $116 thousand less than the same period in 2018. On a per share basis, net income year to date was $ .68 this year compared to $.72 last year. For the three months ending September 30, 2019, net income was $688 thousand, $35 thousand less than the same period in 2018. On a per share basis, third quarter net income was $.23 this year versus $.24 last year.

Lower net income in 2019, year-to-date and for the third quarter, is mainly attributable to increases in the provision for loan losses and other expenses, partially offset by higher net interest and other income. The larger than usual increase in the loan loss provision during the third quarter was intended to provide for higher expected losses from purchased consumer loans. Management expects future contributions to the allowance for loan losses to be more in line with historic averages.

May 17, 2019

The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend of $ .22 per share payable June 28, 2019 to shareholders of record as of June 3, 2019. Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On March 31, 2019 the corporation had total assets of $449.8 million and shareholders’ equity of $39.9 million.

May 9, 2019

The Board of Directors of Mauch Chunk Trust Financial Corp. authorized the repurchase of up to 150,000 shares (4.9%) of the Corporation’s outstanding common stock. Pursuant to the authorization, the Chief Executive Officer of the Corporation may direct the repurchases at times and in amounts determined by him to be prudent, except that any transaction involving an aggregate purchase price to be paid by the Corporation of more than $100,000 will be subject to the separate prior approval of the Corporation’s Board of Directors. The Board of Directors has provided for the repurchase program to expire after December 31, 2019, unless sooner terminated or extended.

Repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing and actual number of shares repurchased will depend on market conditions and other requirements. Shares repurchased will be held by the Corporation as treasury shares available for future issuance.

The repurchase program does not obligate the Corporation to purchase any dollar amount or number of shares and the Corporation may suspend, modify, extend or terminate the program at any time.

April 10, 2019

The Board of Directors of Mauch Chunk Trust Financial Corporation has released earnings results for the corporation for the quarter ended March 31, 2019.

Net income for the three months ended March 31, 2019 was $622 thousand, $119 thousand less than the same period in 2018. On a per share basis, net income was $ .20 this year versus $ .24 last year. Lower net income this year is mainly attributable to a decrease in gains on the sale of securities, higher provisioning for loan losses relating to increased growth in the overall loan portfolio and an increase in salary and benefit expense. These unfavorable changes were partially offset by an increase in net interest income and a decrease in income tax expense.

February 4, 2019

The Board of Directors of Mauch Chunk Trust Financial Corporation have released earnings results for the corporation for the year ended December 31, 2018. Net income totaled $2.83 million for both 2018 and 2017. Likewise, per share basis net income remained the same at $.93 for both reporting periods. While overall earnings stayed the same, there were significant changes in the various income statement line items. Higher net interest income, service fees and wealth management fess contributed positively to earnings this year but were offset by increases in the provision for loan losses and other expenses as well as decreases in gains on the sales of securities and the non-recurring sale of loan servicing rights.