![](https://investorshub.advfn.com/uicon/89305.png?cb=1556725168)
Tuesday, May 05, 2009 11:56:46 PM
May 5, 2009 5:48:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesNASHVILLE, Tenn., May 5 /PRNewswire-FirstCall/ -- Nashville Bank and Trust Company (OTC 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.
SOURCE Nashville Bank and Trust Company
----------------------------------------------
Overton Colton
+1-615-515-1706
overton.colton@nashvillebankandtrust.com
of Nashville Bank and Trust Company
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM