CHARLOTTE, N.C., Jan. 25 /PRNewswire-FirstCall/ -- First Trust Bank (OTC:NCFT) (BULLETIN BOARD: NCFT) reported net income for the year ended December 31, 2006 of $3.9 million or $1.00 per diluted share. This represents a 22% increase over net income of $3.2 million or $0.88 per diluted share for the year ended December 31, 2005, adjusted for the 20% stock dividend declared in October, 2006. Total assets at December 31, 2006 were $365 million compared to $303 million at December 31, 2005, a 20% increase. Loans totaled $270 million, a 22% increase over December 31, 2005. Net income for the fourth quarter was $989 thousand or $0.25 per diluted share versus net income of $971 thousand or $0.26 per diluted share for the quarter ended December 31, 2005. "The Bank continues to experience strong organic growth and the increase in earnings reflects this growth," said Jim Bolt, President and CEO. First Trust Bank specializes in serving the banking needs of small businesses and professionals in the Charlotte, Mooresville, Davidson, Cornelius, Huntersville and Concord markets. The bank operates three banking offices located at 1420 East Third Street and 2245 Rexford Road, Charlotte, NC and 108 Gateway Boulevard, Mooresville, NC and a loan production office at 916 Copperfield Boulevard in Concord, NC and at 2610 W. Roosevelt Boulevard in Monroe, NC. DATASOURCE: First Trust Bank CONTACT: Jean Galloway or Jim Bolt, +1-704-377-3936, or fax, +1-704-377-8869, both of First Trust Bank Web site: http://www.firsttrustnc.com/

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