Hot Japanese Companies To Watch For 2015

Hot Japanese Companies To Watch For 2015: SBT Bancorp Inc (SBTB)

SBT Bancorp, Inc., incorporated on February 17, 2006, is the holding company for The Simsbury Bank & Trust Company, Inc. (the Bank). The Bank provides a variety of banking and investment services. The Bank has branch offices in the towns of Granby, Avon, and Bloomfield, Connecticut. The Bank also maintains a mortgage center in Canton, Connecticut. Services to the Bank's customers are also provided through SBT Online Internet banking. The Bank's customer base consists primarily of individual consumers and small businesses in north central Connecticut. The Bank has in excess of 21,000 deposit accounts. In January 2011, the Bank formed Simsbury Bank Passive Investment Company, a subsidiary of Passive Investment Company (PIC).

During the year ended December 31, 2011, the Bank had seven automated teller machines (ATMs); two are located at each of its main office and its Bloomfield office, and one at each of the other branch/business offices. The Bank offers a ra nge of commercial banking services to residents and businesses in its primary and secondary markets through a variety of commercial loans and residential mortgage programs, as well as home equity lines and loans, Federal Deposit Insurance Corporation (FDIC)-insured checking, savings, and individual retirement accounts (IRA), 401K rollover accounts, as well as safe deposit and other customary non-deposit banking services. The Bank offers investment products to customers through SBT Investment Services, Inc, a wholly owned subsidiary of the Bank, and through its affiliation with the securities broker/dealer LPL Financial Corporation.

Lending Activities

The Bank's commercial loans are made for the purpose of providing working capital, financing the purchase of equipment, or for other business purposes. Such loans include loans with maturities ran! ging from thirty days to two years and term loans, which are loans with maturities normally ranging from 1 to 10 years. Short-term business loans are generally inten! ded to finance current transactions and typically provide for periodic principal payments, with interest payable monthly. Term loans normally provide for fixed or floating interest rates, with monthly payments of both principal and interest. The Bank's construction loans are primarily interim loans made to finance the construction of commercial and single-family residential property. These loans are typically short-term. The Bank occasionally will make loans for speculative housing construction or for acquisition and development of raw land. Consumer loans are made for the purpose of financing automobiles, various types of consumer goods, and other personal purposes.

Investment Activities

As of December 31, 2011, the Bank's investment portfolio consisted of the United States Government and agency securities, mortgage-backed securities, corporate bonds, municipal securities, and money market mutual funds. During 2011, proceeds from sales of avail able-for-sale securities amounted to $8,274,474.

Sources of Funds

Deposits are the Bank's primary source of funds. At December 31, 2011, the Bank had a deposit mix of 43% checking, 34% savings, and 23% certificates of deposit. Thirty percent of the total deposits of $344.8 million were noninterest bearing at December 31, 2011. The Bank had brokered deposits of $9,017,198 as of December 31, 2011.

The Company competes with Bank of America, Webster Bank, People's Bank, Windsor Federal Savings And Loan Association and Wells Fargo Bank.

Advisors' Opinion:

• [By CRWE]

  Today, SBTB remains (0.00%) +0.000 at $28.20 thus far (ref. google finance Delayed: 3:47PM EDT July 30, 2013).

  SBT Bancorp, Inc., previously reported net income of $401,000 or $0.43 per diluted share for the second quarter of 201! 3, compar! ed to $453,000 or $0.49 per diluted share for the second quarter of 2012.

  For the six months ended June 30, 2013, net income amounted to $918,000, or $0.99 per diluted share. This compares to net income of $934,000 or $0.96 per diluted share for the six months ended June 30, 2012. Total assets on June 30, 2013 were $382 million compared to $340 million on June 30, 2012. 12

source from Top Stocks For 2015:http://www.topstocksblog.com/hot-japanese-companies-to-watch-for-2015-3.html