CHARLOTTE, N.C., May 1 /PRNewswire-FirstCall/ -- First Trust Bank (OTC:NCFT) (BULLETIN BOARD: NCFT) reported first quarter results today. The bank reported net income of $927 thousand, or $0.31 per share, for the quarter ended March 31, 2006, which represents a 36% increase over net income of $683 thousand, or $0.27 per share, for the first quarter of 2005. Fully diluted earnings for March 31, 2006 were $0.29 per share compared to $0.25 per share in 2005. Assets at March 31, 2006 grew to $329 million, an increase of $80 million, or 32%, over the $249 million reported at March 31, 2005. Loans totaled $236 million at quarter end, an increase of 29% over March 31, 2005. Jim Bolt, President and CEO said, "We are very pleased with continued double-digit increases in earnings." First Trust Bank specializes in serving the banking needs of small businesses and professionals in the Charlotte, Mooresville, Davidson, Cornelius, Huntersville, Concord and Monroe markets. The bank operates three full-service offices located at 1420 East Third Street and 2245 Rexford Road in Charlotte, NC and 108 Gateway Boulevard in Mooresville, NC; and loan production offices at 916 Copperfield Boulevard in Concord, NC and at 2610 W. Roosevelt Boulevard in Monroe, 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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