Nashville Bank & Trust Reports 2009 Results

Jan 28, 2010, 13:53 ET from NBT Holdings Inc.

NASHVILLE, Tenn., Jan. 28 /PRNewswire-FirstCall/ -- NBT Holdings Inc. (OTC Bulletin Board: NBTH.OB), a bank holding company and the parent company of Nashville Bank and Trust Company, reported unaudited results today for the year ending December 31, 2009.  

Total assets increased by 17.1 percent to $183 million from December 31, 2008 to December 31, 2009.  Over the same period, total loans increased by 6.8 percent to $136 million, and deposits increased by 19.8 percent to $155 million.  At December 31, 2009, the bank's capital exceeded the FDIC guidelines for a "well capitalized" bank in all categories, including a Tier 1 leverage ratio of 12.1 percent compared with the minimum guideline of 5.0 percent.  

For the year ending December 31, 2009, net income totaled $633,000, compared to net income for 2008 of $187,000.

2009 non-interest income was $2,726,000, as compared to $2,309,000 for 2008.

Nashville Bank & Trust had no non-performing assets at December 31, 2009.

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.