First Trust Bank Announces 31% Increase in Income CHARLOTTE, N.C., April 18 /PRNewswire-FirstCall/ -- First Trust Bank (OTC:NCFT) (BULLETIN BOARD: NCFT) reported first quarter results today. The bank reported net income of $683 thousand, or $0.33 per share, for the quarter ended March 31, 2005, which represents a 31% increase over net income of $522 thousand, or $0.26 per share, for the first quarter of 2004. Fully diluted earnings for March 31, 2005 were $.30 per share compared to $.24 per share in 2004. Assets at March 31, 2005 grew to $249 million, an increase of $43 million, or 21%, over the $206 million reported at March 31, 2004. Loans totaled $183 million at quarter end, an increase of 20% over March 31, 2004. Jim Bolt, President and CEO said, "We are very pleased with a 31% increase in net income for the first quarter." First Trust is a commercial bank whose target market is small to medium sized businesses, professionals, and individuals. The bank operates three banking offices at 100 Queens Road and 2245 Rexford Road, Charlotte, NC and 120 Southpark Drive, Mooresville, NC. For additional information, please contact Jean Galloway or Jim Bolt at 704-377-3936 (fax 704-377-8869) or by e-mail at http://www.firsttrustnc.com/ . DATASOURCE: First Trust Bank CONTACT: Jean Galloway, or Jim Bolt of First Trust Bank, +1-704-377-3936, or fax, +1-704-377-8869 Web site: http://www.firsttrustnc.com/

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