MBT Financial increases provision for loan losses; takes charge

Jan 7 (Reuters) - MBT Financial Corp (MBTF.O) said it increased its provision for loan losses in the fourth quarter and recorded a charge of $600,000 to write down the value of other real estate owned.

The bank holding company said it increased its provision for loan losses to $4.9 million compared to a provision of $1.2 million in the previous quarter. (Reporting by Shailesh Kuber in Bangalore)