NORWICH – NBT Bancorp reported today that its net income for 2007 was $50.3 million, down $5.6 million, or 10 percent, from 2006.

NBT says the decrease in net income was primarily the result of a $20.7 million increase in the provision for loan and lease losses from 2006, due to an increase in non-performing loans and charge-offs.

Increases in net interest and non-interest income helped offset the loan and lease loss provisions, NBT reported.