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NBT Holdings Inc. (OTCBB:NBTH.PK), a bank holding company and the parent
of Nashville Bank Trust Company, reported net income of $384,000 for
the first quarter 2011, a 99 percent increase compared with $193,000 for
the first quarter 2010. Earnings per fully diluted share for the quarter
ending March 31, 2011 totaled $0.17 versus $0.09 for the same period in
At March 31, 2011, the bank reported total assets of $219.8 million, a
16 percent increase from March 31, 2010. Over the same period, deposits
increased 16 percent to $181.7 million, while loan growth was 6 percent,
reaching $156.5 million. At March 31, 2011, the bank’s capital exceeded
the FDIC guidelines for a “well capitalized” bank in all categories,
including a Tier 1 leverage ratio of 10.65 percent compared with the
minimum guideline of 5.0 percent.
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