NORWICH – NBT Bancorp Inc. reported today that net income for the six months ending June 30, was $26.2 million, down 5.6 percent or $1.6 million from net income of $27.8 million reported for the same period in 2006.
NBT’s return on average assets and return on average equity were 1.04 percent and 12.98 percent, respectively, compared with 1.17 percent and 14.93 percent for the same period in 2006.
Net income for the three months ended June 30, 2007, was $12.1 million, down $2.1 million from net income of $14.2 million reported for the same period in 2006.