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CORRECTING and REPLACING Nashville Bank & Trust Reports June 2010 Results

^{Published on 2010-07-27 14:45:56 - Market Wire}
 

NASHVILLE, Tenn.--([ BUSINESS WIRE ])--First graph, second sentence of release should read: $0.12 versus $0.06 (sted $0.21 versus $0.12).

"Nashville Bank & Trust continues to grow and prosper despite the lingering recessionary environment"

Second graph, third sentence of release should read: Tier 1 leverage ratio of 10.65% (sted Tier 1 leverage ratio of 10.58%).

The corrected release reads:

NASHVILLE BANK & TRUST REPORTS JUNE 2010 RESULTS

NBT Holdings Inc. (OTCBB:NBTH.OB), a bank holding company and the parent company of Nashville Bank and Trust Company, reported net income of $251,000 for the second quarter 2010, a 106% increase compared with $122,000 for the second quarter 2009. Earnings per undiluted share for the quarter ending June 30, 2010 totaled $0.12 versus $0.06 for the same period in 2009. Net income for the first six months 2010 was $451,000, a 84% increase compared to $245,000 for the comparable period of 2009.

At June 30, 2010, the bank reported total assets of $212.7 million, a 30% increase from June 30, 2009. Over the same period, deposits increased 32.5% to $180.3 million, while loan growth was 22.6% reaching $163.6 million. At June 30, 2010, the banka™s capital exceeded the FDIC guidelines for a awell capitalizeda bank in all categories, including a Tier 1 leverage ratio of 10.65% compared with the minimum guideline of 5.0%.

Nashville Bank & Trust reported no non-performing assets at June 30, 2010.

Non interest income year-to-date 2010 was $1,515,000, compared to $1,287,000 for the first six months of 2009.

aNashville Bank & Trust continues to grow and prosper despite the lingering recessionary environment,a said Tom Stumb, President and CEO. aThe success of our company is a credit to our clientsa™ commitment and to the experience and hard work of our bankers and wealth management team.a

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 banka™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 clienta™s relationship with the bank.