Profile: NB&T Financial Group Inc (NBTF.O)

NBTF.O on Consolidated Issue listed on NASDAQ Capital Market

21 Nov 2014
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NB&T Financial Group, Inc. (NB&T Financial), incorporated in 1980, is a financial holding company that owns The National Bank and Trust Company (the Bank). The Bank is engaged in the commercial banking business in southwestern Ohio, providing a variety of consumer and commercial financial services. The primary business of the Bank consists of accepting deposits, through various consumer and commercial deposit products, and using such deposits to fund loans secured by residential and non-residential real estate, commercial and agricultural loans and consumer loans, including automobile loans. The Bank also has a trust department with assets under management of approximately $197.3 million as of December 31, 2011. NB&T Insurance sells a full line of insurance products, including property and casualty, life, health, and annuities.

Lending Activities

The Bank originates loans to businesses in its market area, including floor plan loans to automobile dealers and loans guaranteed by the Small Business Administration. The typical commercial borrower is a small to mid-sized company with annual sales under $5,000,000. The majority of commercial loans are made at adjustable rates of interest tied to the prime rate. The Bank makes loans secured by commercial real estate located in its market area. Such loans generally are adjustable-rate loans for terms of up to 20 years. The types of properties securing loans in the Bank’s portfolio include warehouses, retail outlets and general industrial use properties. The Bank originates loans for the purpose of constructing commercial and residential buildings. The Company offers both construction-phase-only and permanent financing.

The Bank makes agricultural loans, which include loans to finance farm operations, equipment purchases, and land acquisition, The Bank makes loans secured by one- to four-family residential real estate and multi-family (over four units) real estate located in its market area. The Bank originates both fixed-rate mortgage loans and adjustable-rate mortgage loans (ARMs). The Bank makes a variety of consumer installment loans, including home equity loans, automobile loans, recreational vehicle loans, and overdraft protection. The Bank offers credit card services through a correspondent bank.

Investment Activities

As of December 31, 2011, the Bank’s available-for-sale securities included the United States Government sponsored entities, mortgage-backed securities, United States Government agency and sponsored entity, private label-residential, state and political subdivisions and municipals. The total securities available-for-sale as of December 31, 2011, totaled $ 139,744,000.

Deposits and Borrowings

Deposits are the primary source of the Bank’s funds for use in lending and other investment activities. In addition to deposits, the Bank derives funds from interest payments and principal repayments on loans and income on earning assets. Deposits are attracted principally from within the Bank’s market area through the offering of numerous deposit instruments, including checking accounts, savings accounts, money market deposit accounts, and term certificate accounts. The Bank is also a member of the Federal Home Loan Bank system. Short-term borrowings include federal funds purchased and United States Treasury demand notes.

Trust Services

The Bank had approximately $197.3 million in assets under management at December 31, 2011 in the Trust Department. In addition to administering trusts, the services offered by the Trust Department include investment purchase and management, estate planning and administration, tax and financial planning and employee benefit plan administration.

Company Address

NB&T Financial Group Inc

P: +1937.3821441

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