NBT Holdings Inc. reported net income of $633,000 in 2009, up nearly threefold from net income of $187,000 in 2008. NBT Holdings Inc. is a bank holding company that owns the Nashville Bank and Trust Company.

The bank reported strong growth in assets, loans and deposits in 2009 compared to 2008. Total assets ended 2009 were $183 million, up 17.1%, while loans increased by 6.8% to $136 million. Deposit growth was even better, up 19.8%, to end 2009 at $155 million.

NBT Holdings Inc. also has a solid balance sheet and reported no non-performing assets as of 12/31/2009. The bank had a Tier 1 leverage ratio of 12.1% as of the end of 2009, well above the regulatory minimum of 5.0%.

The bank recently underwent a management transition, when Donald W. Thurmond, the Chairman of the Board of Directors and Founder of NBT Holdings Inc., died in December 2009. Charles W. Cook, Jr. was names as Thurmond’s replacement.

NBT Holdings Inc. offers banking and trust services to its customers from its single office in Nashville, Tennessee. These services include loans, both personal and business, and investment management, custodial and estate services.