CHARLOTTE, N.C., April 25 /PRNewswire-FirstCall/ -- First Trust Bank (OTC:NCFT) (BULLETIN BOARD: NCFT) reported first quarter results today. The bank reported net income of $1 million, or $0.27 per share, for the quarter ended March 31, 2007, which represents an 8% increase over net income of $927 thousand, or $0.26 per share, for the first quarter of 2006. Fully diluted earnings for the quarter ended March 31, 2007 were $0.26 per share, compared to $0.24 per diluted share in 2006. Assets at March 31, 2007 grew to $379 million, an increase of $50 million, or 15%, over the $329 million reported at March 31, 2006. Loans totaled $281 million at quarter end, an increase of 19% over March 31, 2006. Jim Bolt, President and CEO said, "Despite net interest margin compression, robust loan production contributed to a record $1 million in net income for the first quarter." First Trust Bank is a commercial bank whose target market is small to medium sized businesses and professionals. The Bank operates three banking offices 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. 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, fax, +1-704-377-8869, or by e-mail at http://www.firsttrustnc.com/ Web site: http://www.firsttrustnc.com/

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