NORWICH – NBT Bancorp Inc. has reported that net income for the three months ending Sept. 30, 2009 was $13.6 million, down 10 percent from the same quarter last year. Net income per diluted share fell from $0.46 to $ 0.40 for the second quarter from the same period in 2008.

“I am pleased with our performance through the first three quarters of 2009. Our overall earnings are at a similar level to our record year in 2008, except for the increased FDIC and pension expenses,” reported NBT President and CEO Martin Dietrich in a statement issued Monday.

Adding that all FDIC-insured banking institutions have been affected by higher premiums, Dietrich stated, “Despite these higher premiums, we have been able to maintain a strong net interest margin, control our expenses and keep a watchful eye on asset quality. Our focus on these fundamentals is helping to maintain the overall strength of our balance sheet.”