NORWICH – NBT Bancorp Inc. has reported that net income for the three months ending March 31, 2011 was $14.3 million, up 2.4 percent from the same quarter last year. At $0.41, net income per diluted share for the first quarter was consistent with the same period in 2010.

“Our strategy of balancing performance and investment continues to yield positive results, as demonstrated by our strong earnings and increased year-over-year net income,” reported NBT President and CEO Martin Dietrich in a statement issued Monday.

NBT’s total assets were $5.5 billion as of March 31, up $138.8 million from December 31, 2010. Loans and leases account for $3.6 billion of total assets, up $17 million from year end.