Nashville Bank & Trust Reports First Quarter 2012 Results
NASHVILLE, Tenn. -- April 19, 2012
NBT Holdings Inc. (OTCBB:NBTH), a bank holding company and the parent of
Nashville Bank & Trust Company, reported net income of $580,000 for the first
quarter of 2012, a 51 percent increase compared with $384,000 for the fourth
quarter of 2011. Earnings per fully diluted share for the quarter ending March
31, 2012 totaled $0.25 versus $0.17 for the same period in 2011.
At March 31, 2012, the bank reported total assets of $250.5 million, a 14
percent increase from March 31, 2011. Over the same period, deposits increased
13 percent to $204.8 million, while total loans rose 8 percent to $169.3
million. At March 31, 2012, the bank’s capital exceeded the FDIC guidelines
for a “well capitalized” bank in all categories, including a Tier 1 leverage
ratio of 10.42 percent compared with the minimum guideline of 5.0 percent.
Non-interest income for first quarter 2012 was $1,074,000, compared to
$911,000 for same period in 2011, an increase of 18 percent.
Tangible Book Value per share at Dec. 31, 2011 was $11.77 compared to $10.65
at the same time a year ago.
“We began 2012 on a strong note, adding assets in our wealth management area
and maintaining our loan balances,” said Chief Executive Officer Tom Stumb.
“Our assets grew to record levels and we continued our long tradition of
strong loan quality. Families and institutions continue to honor us with new
mandates for wealth management. Our revenue and assets under management both
rose to new records.”
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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