NORWICH – NBT Bancorp, Inc. has reported that net income for the three months ending June 30, 2010 was $14.4 million, up 24.8 percent from the same quarter last year. Net income per diluted share rose from $0.34 to $ 0.42 for the second quarter from the same period in 2009.

“We are very pleased with our financial performance during the second quarter of 2010. Especially encouraging is our nearly 25% gain in net income from the same quarter last year,” reported NBT President and CEO Martin Dietrich in a statement issued Monday. “We are also encouraged by the continuing improvement in our asset quality.”

NBT’s total assets were $5.4 billion as of June 30, down $48.9 million from December 31, 2009. Loans and leases account for $3.6 billion of total assets, up $2 million from Dec. 31.