CORRECTING and REPLACING Nashville Bank & Trust Reports Second Quarter 2012
CORRECTION...by Nashville Bank & Trust Company
NASHVILLE, Tenn. -- July 19, 2012
First graph, second sentence of release should read: Earnings per fully
diluted share for the quarter ending June 30, 2012... (sted Earnings per fully
diluted share for the quarter ending March 31, 2012...). Fourth graph, first
sentence of release should read: Non-interest income for second quarter
2012... (sted Non-interest income for first quarter 2012...).
The corrected release reads:
NASHVILLE BANK & TRUST REPORTS SECOND QUARTER 2012 RESULTS
NBT Holdings Inc. (OTC Markets:NBTH), a bank holding company and the parent of
Nashville Bank & Trust Company, reported net income of $630,000 for the second
quarter of 2012, a 46 percent increase compared with $431,000 for the second
quarter of 2011. Earnings per fully diluted share for the quarter ending June
30, 2012 totaled $0.27 versus $0.19 for the same period in 2011.
For the six months ending June 30, 2012, net income was $1,210,000 compared to
$815,000 for the comparable period in 2011, a 48 percent increase. Earnings
per fully diluted share rose to $0.52 for the six-month period compared to
$0.36 in 2011.
At June 30, 2012, the bank reported total assets of $272.6 million, a 23.3
percent increase from June 30, 2011. Over the same period, deposits increased
25 percent to $227.3 million, while total loans rose 9 percent to $177.2
million. At June 30, 2012, the Bank’s Tier 1 leverage ratio was 9.88%.
Non-interest income for second quarter 2012 was $1,148,000, compared to
$948,000 for same period in 2011, an increase of 21 percent.
Tangible Book Value per share at June 30, 2012 was $12.05 compared to $10.91
at the same time a year ago.
“We experienced solid loan and deposit growth in the second quarter and our
credit quality continues to be superb,” said Chief Executive Officer Tom
Stumb. “We continue to see excellent growth in our Wealth Management area
which constitutes the vast majority of our non-interest income.”
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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