NASHVILLE, Tenn., May 5 /PRNewswire-FirstCall/ -- Nashville Bank and Trust Company (BULLETIN BOARD: NVBT) reported results today for the first quarter ending March 31, 2009.
Total assets increased by 24 percent to $164 million, up from $132 million from March 31, 2008. Over the same period, total loans increased by 32 percent to $132 million, and deposits increased by 23.0 percent to $136 million. At March 31, 2009, the bank's capital exceeded the FDIC guidelines for a "well capitalized" bank with a Tier 1 Capital ratio of 12.6 percent compared with the "well capitalized" guideline of 6.00 percent.
Net income for the quarter ending March 31, 2009 was $123,000, compared to $171,000 in the first quarter of 2008.
Non-interest income for the first quarter 2009 was $640,000, compared to $630,000 for the same period in 2008, a 1.5 percent increase.
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 and Trust Company
CONTACT: Overton Colton, +1-615-515-1706,
overton.colton@nashvillebankandtrust.com, of Nashville Bank and Trust Company
