Sheboygan-based Community Banc-Corp. of Sheboygan Inc., parent company of Community Bank and Trust, has reported record earnings of $8.2 million in 2013.
The company attributed the increase to core earnings and full recovery of the deferred tax asset valuation allowance for both itself and the bank.
Community Banc-Corp. reported $6.4 million in consolidated earnings, also a record.
Community Bank and Trust has 10 offices in Sheboygan, Milwaukee and Calumet counties. It has more than $525 million in assets.
