NB&T Financial (NBTF) 8-K NB&T Financial Reports Earnings for First Quarter 2013

EXHIBIT 99.1

NB&T Financial Reports Earnings for First Quarter 2013

April 23, 2013

NB&T Financial Group, Inc. (Nasdaq: NBTF), parent company of The National Bank and Trust Company (“NB&T”), Wilmington, Ohio, announced net income for the first quarter of 2013 of $1.0 million, or $.30 per share. Net income for the first quarter of 2012 was $361,000, or $.11 per share. Net income is up primarily due to a $1.2 million decrease in the loan losses provision this quarter, compared to the first quarter of 2012.

Net interest income was $5.4 million for the first quarter of 2013, compared to $5.6 million for the first quarter of 2012. The yields on earning assets decreased from 4.06% the same quarter last year to 3.84% for the current quarter. This drop exceeded the decrease in funding costs, which only fell to .30% this quarter from .49% for the same quarter last year. The declining rates on earning assets were offset by allowing certificates of deposit and money market accounts with higher costs to run-off and investing excess short-term funds in loans and higher yielding long-term securities. As a result, net interest margin increased to 3.50% for the first quarter of 2013, compared to 3.46% for the same quarter last year.

The provision for loan losses for the first quarter of 2013 was $140,000, compared to $1.3 million in the same quarter last year. Net charge-offs dropped approximately 84% to $230,000 in the first quarter of 2013, compared to $1.4 million in the first quarter of 2012. This reduction in net charge-offs reduced the historical loss experience applied to the loan portfolio, resulting in a lower quarterly year-over-year loan losses provision. Non-performing loans were $10.4 million at March 31, 2013, compared to $10.6 million at December 31, 2012.

President & CEO, John Limbert, commented, “The current year is off to a better start than last year, especially in terms of asset quality. Net charge-offs are down $1.2 million, other real estate owned is down approximately $1.6 million from the same quarter last year, despite adding approximately $400,000 in the first quarter of this year for our closed Parma branch, and non-accrual loans, at $9.1 million, are the lowest since the third quarter of 2010.”

Total non-interest income was $2.0 million for the first quarter of 2013, compared to $2.1 million for the first quarter of 2012. In the first quarter of 2013, the Company realized $36,000 in losses on the sale of one security, which had been previously considered other-than-temporarily impaired. Non-interest income is also down due to a reduction in other income for special processing services provided to one customer in 2012 and no longer provided in 2013.

Total non-interest expense was $5.9 million for the first quarter of 2013, compared to $6.0 million for the first quarter of 2012. The decline in expense is due to continued focus on expense reduction primarily in the areas of personnel and processing efficiency. In addition, net costs associated with the operation of other real estate have declined approximately 22%, or $67,000, compared to the same quarter last year, due to a decline in other real estate owned balances from $3.5 million at March 31, 2012 to $1.9 million at March 31, 2013.

On March 19, 2013, the Board of Directors declared a dividend of $0.30 per share, payable April 22, 2013 to shareholders of record on March 29, 2013.

SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS

(in thousands, except per share data)

(Unaudited)

	Three Months Ending
	3/31/2013			12/31/2012			9/30/2012			6/30/2012			3/31/2012
Statements of Income
Interest income	$	5,896		$	6,277		$	6,197		$	6,278		$	6,527
Interest expense		519			560			749			896			964
Net interest income		5,377			5,717			5,448			5,382			5,563
Provision for loan losses		140			682			1,973			332			1,300
Other non-interest income		1,986			2,133			2,977			2,176			2,116
Other-than-temporary impairment charge		—			—			—			(35	)		—
Net gains (losses) on sales of securities		(36	)		—			1,013			161			—
Total non-interest income		1,950			2,133			3,990			2,302			2,116
Total non-interest expenses		5,886			5,745			5,934			5,801			6,014
Income before income taxes		1,301			1,423			1,531			1,551			365
Income taxes		282			336			257			396			4
Net income	$	1,019		$	1,087		$	1,274		$	1,155		$	361
Per Share Data
Basic earnings per share	$	0.30		$	0.32		$	0.37		$	0.33		$	0.11
Diluted earnings per share		0.30			0.32			0.37			0.33			0.11
Dividends per share		0.30			0.30			0.30			0.30			0.30
Book value at quarter end		20.58			20.70			20.79			20.72			20.63
Average basic shares outstanding		3,420			3,422			3,424			3,425			3,424
Average diluted shares outstanding		3,427			3,426			3,432			3,431			3,434
Balance Sheet Items (Quarter End)
Total assets	$	673,729		$	651,075		$	669,838		$	687,226		$	697,620
Securities		144,156			133,020			137,998			156,161			154,437
Loans, including loans held for sale		407,818			402,184			400,036			396,500			394,367
Allowance for loan losses		4,670			4,760			6,135			4,508			4,573
Deposits		577,349			559,568			576,348			592,979			602,963
Borrowings		15,310			15,310			15,310			15,310			15,310
Total shareholders’ equity		70,290			70,820			71,153			70,955			70,663
Assets Under Management
Total assets	$	673,729		$	651,075		$	669,838		$	687,226		$	697,620
Cash management sweep accounts		40,799			28,471			37,477			40,739			41,095
Market value of trust assets		238,532			216,914			215,743			193,906			205,219
Market value of brokerage assets		77,707			73,178			71,417			67,082			69,832
Loans serviced for others		43,626			47,735			48,984			53,419			52,800
Total assets under management	$	1,074,393		$	1,017,373		$	1,043,459		$	1,042,372		$	1,066,566
Selected Financial Ratios
Return on average assets (annualized)		0.61	%		0.65	%		0.74	%		0.67	%		0.21	%
Return on average equity (annualized)		5.81			6.06			7.10			6.30			2.04
Dividend payout ratio		100.00			93.75			81.08			90.91			272.73
Net interest margin		3.50			3.67			3.42			3.38			3.46
Non-interest expense to total revenue		80.33			73.18			62.87			75.49			78.32
Average loans to average total assets		59.42			59.82			57.80			56.87			56.54
Asset Quality
Nonaccrual loans	$	9,097		$	9,815		$	12,179		$	11,962		$	9,647
Accruing and 90 or more days past due		1,285			778			247			165			327
Total nonperforming loans	$	10,382		$	10,593		$	12,426		$	12,127		$	9,974
Other real estate owned		1,868			1,327			2,196			3,032			3,500
Net charge-offs		230			2,057			346			397			1,395
Non-performing loans to total loans		2.55	%		2.63	%		3.11	%		3.06	%		2.53	%
Loan loss allowance to total loans		1.15			1.18			1.53			1.14			1.16
Loan loss allowance to non-performing loans		44.98			44.94			49.37			37.17			45.85
Accruing loans 30+ days past due to total loans		0.59			0.46			0.64			0.36			0.49
Net charge-offs to average loans		0.23			2.04			0.35			0.41			1.41
Capital
Average equity to average total assets		10.54	%		10.64	%		10.38	%		10.66	%		10.13	%
Tier 1 leverage ratio**		11.20			11.27			10.97			10.80			10.66
Total risk-based capital ratio**		19.25			19.51			19.51			19.20			19.20

** Estimated for current quarter end