Mid-Wisconsin Financial Services Inc. of Medford said it would take an after-tax charge of 22 cents a share this quarter, because of bad loans.
The $463 million-asset company earned $736 million, or 45 cents a share, in the first quarter.
The bad loans, made to a business and its owners, were disclosed in January, when Mid-Wisconsin said it would record a $2.75 million after-tax loan-loss provision for the fourth quarter.
Now the company says will record a $365,000 after-tax writedown associated with the loans.
