Nashville Bank & Trust Reports March 2010 Results PR Newswire NASHVILLE, Tenn., April 28 NASHVILLE, Tenn., April 28 /PRNewswire-FirstCall/ -- NBT Holdings Inc. (OTC Bulletin Board: NBTH), a bank holding company and the parent company of Nashville Bank and Trust Company, reported net income of $200,000 today for the first quarter 2010, compared with $124,000 for the first quarter 2009. The bank reported total assets of $189.4 million, a 15.7% increase from the first quarter 2009. Deposits continued to grow to $156.8 million, a 15.2% increase over first quarter 2009. Loans rose 12.1% to $147.6 compared with the first quarter 2009. Nashville Bank & Trust reported no non-performing assets at March 31, 2010. At March 31, 2010, the bank's capital exceeded the FDIC guidelines for a "well capitalized" bank in all categories, including a Tier 1 leverage ratio of 11.5% compared with the minimum guideline of 5.0%. Non interest income for the first quarter 2010 was $690,000, compared to $640,000 for the first quarter 2009. "Nashville Bank & Trust continues to grow and prosper despite the lingering recession," said Tom Stumb, the bank's President and CEO. "The success of our company is a credit to the experience and hard work of our bankers and wealth management team." A full-service bank and wealth management company, Nashville Bank & Trust services include personal and business loans, depository accounts, wealth management and trust services. Personal, expert service is the bank's hallmark. Customers benefit from direct contact with senior-level, experienced bank executives who have decision-making authority and a full understanding of the local community and the client's relationship with the bank. SOURCE NBT Holdings Inc. Contact: Overton Colton, +1-615-515-1706, firstname.lastname@example.org
Nashville Bank & Trust Reports March 2010 Results
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