Nashville Bank & Trust Reports 2010 Results

  Nashville Bank & Trust Reports 2010 Results

Business Wire

NASHVILLE, Tenn. -- January 31, 2011

NBT Holdings Inc. (OTCBB:NBTH.PK), a bank holding company and the parent of
Nashville Bank & Trust Company, reported net income of $419,000 for the fourth
quarter 2010, a 166 percent increase compared with $158,000 for the fourth
quarter 2009. Earnings per fully diluted share for the quarter ending Dec. 31,
2010 totaled $0.19 versus $0.07 for the same period in 2009.

Net income for the full year 2010 was $1,322,000, a 109 percent increase
compared to $633,000 for the comparable period of 2009. Fully diluted earnings
per share for the year increased 90 percent to $0.61 per share from $0.29 per
share for the year ago period.

At Dec. 31, 2010, the bank reported total assets of $206.6 million, a 13
percent increase from Dec. 31, 2009. Over the same period, deposits increased
8 percent to $167.1 million, while loan growth was 11 percent, reaching $151.5
million. At Dec. 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 10.0 percent compared with the minimum guideline of 5.0 percent.

Non-interest income for 2010 was $3.4 million, compared to $2.7 million for
2009, an increase of 24 percent.

President and CEO Tom Stumb said, “Nashville Bank and Trust has delivered
another year of sound, profitable growth in 2010. Our asset quality continues
to be impressive as we completed another year with no non-performing assets
and no ‘other real estate owned.’ We are excited about the opportunities that
lie ahead in 2011. Moderate economic growth should fuel demand for loans and
resilient equity values are buoying our asset management operations.”

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.


Nashville Bank & Trust Company
Andrew L. May, 615-515-1707
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