Nashville Bank & Trust Reports Second Quarter 2011 Results

  Nashville Bank & Trust Reports Second Quarter 2011 Results

Business Wire

NASHVILLE, Tenn. -- July 27, 2011

NBT Holdings Inc. (OTCBB:NBTH.PK), a bank holding company and the parent of
Nashville Bank & Trust Company, reported consolidated net income of $432,000
for the second quarter 2011, a 67 percent increase compared with $258,000 for
the second quarter 2010. Earnings per fully diluted share for the quarter
ending June 30, 2011 totaled $0.19 versus $0.12 for the same period in 2010.

For the six months ending June 30, 2011, net income was $815,000 compared to
$450,000 for the comparable period in 2010, an 81 percent increase. Earnings
per fully diluted share rose to $0.36 for the six-month period compared to
$0.21 in 2010.

At June 30, 2011, the bank reported total assets of $221.4 million, a four
percent increase from June 30, 2010. Over the same period, deposits increased
one percent to $181.7 million, while total loans were flat at $163.0 million.
At June 30, 2011, the bank’s capital exceeded the FDIC guidelines for a “well
capitalized” bank in all categories, including a Tier 1 leverage ratio of
10.53 percent compared with the minimum guideline of 5.0 percent.

Non-interest income for second quarter 2011 was $948,000, compared to $825,000
for same period in 2010, an increase of 15 percent.

“Our bank is financially strong and we are growing moderately in a difficult
economic environment,” said Chief Executive Officer Tom Stumb. “Loan demand
continues to be moderate. Our wealth management business is growing strongly.
Families and institutions with substantial assets have seen the benefits of
our prudent, consistent approach and have rewarded us with additional business
and client referrals. We believe the second quarter results position us well
to achieve our goals for 2011.”

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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