Exhibit 99.1

FOR IMMEDIATE RELEASE

ATTENTION: FINANCIAL AND BUSINESS EDITORS

Contact:

Martin A. Dietrich, CEO

Michael J. Chewens, CFO

NBT Bancorp Inc.

52 South Broad Street

Norwich, NY 13815

607-337-6119

NBT BANCORP INC. ANNOUNCES NET INCOME OF $18.0 MILLION AND ORGANIC LOAN GROWTH OF 5.6% FOR THE FIRST QUARTER OF 2014

NORWICH, NY (April 28, 2014) – NBT Bancorp Inc. (NBT) (NASDAQ: NBTB) reported net income for the three months ended March 31, 2014 was $18.0 million, up from $7.6 million for the same period last year. The 2014 first quarter results included the full impact of the March 8, 2013 acquisition of Alliance Financial Corporation (“Alliance”). Reported results for the first quarter of 2013 included approximately $10.7 million in merger related expenses. Reported earnings per diluted share for the three months ended March 31, 2014 was $0.41 as compared to $0.21 for the same period in 2013.

Core net income (excluding net securities gains, merger related expenses, and other items not considered core) for the three months ended March 31, 2014 was $18.4 million, up 29.1% from $14.3 million for the same period in 2013. Core diluted earnings per share for the three months ended March 31, 2014 was $0.42, up from $0.39 for the same period in 2013.

First Quarter 2014 Highlights:

Net income of $18.0 million for the first quarter of 2014 is the second highest quarter in the Company’s history

Strong organic loan growth continued in the first quarter of 2014 annualized at 5.6%

Net charge-offs to average loans was 0.27% for the first quarter of 2014, down from 0.44% from the fourth quarter of 2013, and lowest since the first quarter of 2007

The 32 branches of NBT Bank’s Pennstar division were rebranded in March. Now all of the Company’s banking locations do business under the NBT Bank name

“We are once again pleased to report record net income and strong organic loan growth as we communicate our first quarter 2014 results,” said NBT President and CEO Martin Dietrich. “As our quality team of financial professionals continues to promote NBT’s unique brand of customer and community-focused banking, we remain attentive to asset quality, expense control and investing in technology and training in our efforts to enhance NBT’s long-term value for our shareholders. We are also pleased to report that, with the rebranding of our Pennsylvania branches in March, all of our banking locations across our five-state footprint are now doing business as NBT Bank, creating operational efficiencies and enabling our customers to more easily identify us and fully access the range of financial services we offer.”

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Net interest income was $61.5 million for the first quarter of 2014, down slightly from the prior quarter, and up $9.4 million from the first quarter of 2013 primarily due to the acquisition of Alliance. FTE net interest margin was 3.63% for the three months ended March 31, 2014, up from 3.61% from the prior quarter, and down from 3.68% for the first quarter of 2013. Average interest earning assets were up $54.4 million, or 0.8%, for the first quarter of 2014 as compared to the prior quarter, driven primarily by organic loan production during the first quarter. Slight rate compression on earning assets continued to negatively impact net interest margin in the first quarter of 2014 as evidenced by decreasing loan yields from 4.54% for the fourth quarter of 2013 to 4.50% for the first quarter of 2014. Average interest bearing liabilities increased $42.5 million, or 0.8%, from the fourth quarter of 2013 to the first quarter of 2014. The rate compression on earning assets was offset by a decrease of 3 basis points in the rates paid on interest bearing liabilities in the first quarter of 2014 versus the prior quarter. This decrease was primarily driven by a decrease of 4 basis points in rates paid on deposits and lower time deposit balances.

Noninterest income for the three months ended March 31, 2014 was $26.3 million, up 3.9% from the prior quarter, and up 4.2% from the first quarter of 2013. The increase from the prior quarter was $1.0 million and was driven primarily by insurance and other financial services revenue, mostly due to an increase in contingent insurance revenue in the first quarter of 2014. The increase from the three months ended March 31, 2013 was due primarily to increases in trust and ATM and debit card fees, due in large part to the full quarter impact from Alliance in 2014.

Noninterest expense for the three months ended March 31, 2014 was $57.5 million, up 3.7% from the prior quarter. This increase from the prior quarter was due primarily to a 5.1% increase in salaries and employee benefits and an 18.3% increase in occupancy expenses mostly due to the harsh winter. Noninterest expense for the three months ended March 31, 2014 was down 5.3% from the first quarter of 2013 primarily due to merger expenses associated with the acquisition of Alliance. Excluding merger expenses totaling $10.7 million during the first quarter of 2013, noninterest expense was up 15.0% for the first quarter of 2014 as compared to the same period last year. This increase from the prior year was due primarily to the acquisition of Alliance expenses including occupancy, salaries and employee benefits, data processing, and equipment. The increase in salaries and benefits from the Alliance acquisition was partially offset by lower retirement plan expenses due mainly to plan asset performance and a previous plan amendment. Income tax expense for the three month period ended March 31, 2014 was $8.7 million, down slightly from $8.8 million from the prior quarter, and up from $3.4 million for the first quarter of 2013. The increase from the first quarter of 2013 is due primarily to the increase in pre-tax income during the first quarter of 2014 over the first quarter of 2013. The effective tax rate was 32.5% for the first quarter of 2014, 32.9% for the fourth quarter of 2013, and 30.5% for the first quarter of 2013.

Asset Quality

Net charge-offs were $3.6 million for the first quarter of 2014, down from $5.9 million for the fourth quarter of 2013, and down from $6.3 million for the first quarter of 2013. Net charge-offs to average loans for the first quarter of 2014 was 0.27%, compared to 0.44% for the fourth quarter of 2013 and 0.56% for the same period in 2013. NBT recorded a provision for loan losses of $3.6 million for the three months ended March 31, 2014, compared with $5.2 million for the fourth quarter of 2013 and $5.7 million for the first quarter of 2013.

Nonperforming loans to total loans was 0.99% at March 31, 2014, equivalent to December 31, 2013, and up from 0.83% at March 31, 2013. Past due loans as a percentage of total loans was 0.57% for the first quarter of 2014 as compared to 0.77% as of December 31, 2013, and 0.81% as of March 31, 2013.

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The allowance for loan losses totaled $69.4 million at March 31, 2014, equivalent to December 31, 2013 and up from $68.7 million at March 31, 2013. The allowance for loan losses as a percentage of loans was 1.27% (1.51% excluding acquired loans with no related allowance recorded) at March 31, 2014, compared to 1.28% (1.55% excluding acquired loans with no related allowance recorded) at December 31, 2013 and 1.32% (1.69% excluding acquired loans with no related allowance recorded) at March 31, 2013.

Balance Sheet

Total assets were $7.8 billion at March 31, 2014, up $101.0 million or 1.3% from December 31, 2013. Loans were $5.5 billion at March 31, 2014, up $75.2 million from December 31, 2013, primarily due to strong organic loan growth during the first quarter of 2014. Total deposits were $6.1 billion at March 31, 2014, up $178.7 million from December 31, 2013. Stockholders’ equity was $832.2 million, representing a total equity-to-total assets ratio of 10.73% at March 31, 2014, compared with $816.6 million or a total equity-to-total assets ratio of 10.67% at December 31, 2013.

Subsequent Event

On April 17, 2014, NBT Capital Corp., a wholly-owned subsidiary of NBT, sold its 20% ownership interest in Springstone Financial, LLC, which NBT originally acquired in exchange for a $3 million investment, to LendingClub Corporation as part of LendingClub’s acquisition of all of the outstanding equity in Springstone. LendingClub paid the selling equityholders a total purchase price equal to $140 million in cash and preferred stock. Springstone provides affordable financing options for consumers seeking to finance private education and elective medical procedures through a network of over 14,000 schools and healthcare providers. In connection with the acquisition, NBT Bank and Springstone entered into an amended and restated program agreement pursuant to which NBT Bank will continue to participate in lending activities with respect to Springstone’s financing operations. “The management of Springstone developed a very successful business, and we are pleased to have played a role in it,” said NBT President and CEO Martin Dietrich. “We look forward to the opportunity to continue our relationship with Springstone as they grow with LendingClub Corporation and are engaged in discussions to further develop collaborative opportunities with LendingClub.” NBT is exploring balance sheet strategies for optimal use of the proceeds from this transaction.

Stock Repurchase Program

The Company did not purchase shares of its common stock during the three month period ended March 31, 2014. As of March 31, 2014, there were 1,000,000 shares available for repurchase under a previously announced plan, which expires on December 31, 2014.

Corporate Overview

NBT Bancorp Inc. is a financial holding company headquartered in Norwich, N.Y., with total assets of $7.8 billion at March 31, 2014. The company primarily operates through NBT Bank, N.A., a full-service community bank, and through two financial services companies. NBT Bank, N.A. has over 155 banking locations with offices in upstate New York, northwestern Vermont, western Massachusetts, southern New Hampshire, and northeastern Pennsylvania. EPIC Advisors, Inc., based in Rochester, N.Y., is a full-service 401(k) plan recordkeeping firm. Mang Insurance Agency, LLC, based in Norwich, N.Y., is a full-service insurance agency. More information about NBT and its divisions can be found on the Internet at: www.nbtbancorp.com, www.nbtbank.com, www.epic1st.com and www.manginsurance.com.

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Forward-Looking Statements

This news release contains forward-looking statements. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of NBT Bancorp and its subsidiaries and on the information available to management at the time that these statements were made. There are a number of factors, many of which are beyond NBT’s control, that could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressures among depository and other financial institutions may increase significantly; (2) revenues may be lower than expected; (3) changes in the interest rate environment may reduce interest margins; (4) general economic conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and/or a reduced demand for credit; (5) legislative or regulatory changes, including changes in accounting standards and tax laws, may adversely affect the businesses in which NBT is engaged; (6) competitors may have greater financial resources and develop products that enable such competitors to compete more successfully than NBT; and (7) adverse changes may occur in the securities markets or with respect to inflation. Forward-looking statements speak only as of the date they are made. Except as required by law, NBT does not update forward-looking statements to reflect subsequent circumstances or events.

Non-GAAP Measures

This press release contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (GAAP). These measures adjust GAAP measures to exclude the effects of sales of securities and certain non-recurring and merger-related expenses. Where non-GAAP disclosures are used in this press release, the comparable GAAP measure, as well as a reconciliation to the comparable GAAP measure, is provided in the accompanying tables. Management believes that these non-GAAP measures provided useful information that is important to an understanding of the operating results of NBT’s core business (due to the non-recurring nature of the excluded items). Non-GAAP measures should not be considered a substitute for financial measures determined in accordance with GAAP and investors should consider NBT’s performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of NBT.

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NBT Bancorp Inc. and Subsidiaries

SELECTED FINANCIAL DATA

(unaudited, dollars in thousands except per share data)

	2014			2013
	1st Q			4th Q			3rd Q			2nd Q			1st Q
Reconciliation of Non-GAAP Financial Measures:
Reported net income (GAAP)	$	18,009		$	17,925		$	19,257		$	16,916		$	7,649
Adj: (Gain) / Loss on sale of securities, net (net of tax)		(5	)		(9	)		(228	)		42			(795	)
Adj: Other adjustments (net of tax) (1)		430			402			110			-			-
Plus: Merger related expenses (net of tax)		-			59			224			882			7,423
Total Adjustments		425			452			106			924			6,628
Core net income	$	18,434		$	18,377		$	19,363		$	17,840		$	14,277

Profitability:
Core Diluted Earnings Per Share	$	0.42		$	0.42		$	0.44		$	0.40		$	0.39
Diluted Earnings Per Share	$	0.41		$	0.41		$	0.44		$	0.38		$	0.21
Weighted Average Diluted
Common Shares Outstanding		44,296,445			44,121,102			44,135,114			44,316,531			36,794,356
Core Return on Average Assets (2)		0.98	%		0.96	%		1.02	%		0.95	%		0.90	%
Return on Average Assets (2)		0.95	%		0.94	%		1.01	%		0.90	%		0.48	%
Core Return on Average Equity (2)		9.02	%		9.04	%		9.67	%		8.88	%		9.01	%
Return on Average Equity (2)		8.81	%		8.81	%		9.62	%		8.42	%		4.83	%
Core Return on Average Tangible Common Equity (2)(4)		14.48	%		14.77	%		15.95	%		14.57	%		13.58	%
Return on Average Tangible Common Equity (2)(4)		14.16	%		14.42	%		15.86	%		13.85	%		7.49	%
Net Interest Margin (2)(3)		3.63	%		3.61	%		3.65	%		3.69	%		3.68	%

(1)	Primarily reorganization expenses for 2014 and 2013

(2)	Annualized

(3)	Calculated on a Fully Tax Equivalent (“FTE”)

(4)	Excludes amortization of intangible assets (net of tax) from net income and average tangible common equity is calculated as follows:

	2014		2013
	1st Q		4th Q		3rd Q		2nd Q		1st Q
Average stockholders' equity	$	828,588	$	806,791	$	794,273	$	806,200	$	642,693
Less: average goodwill and other intangibles		290,019		291,659		292,271		292,775		200,779
Average tangible common equity	$	538,569	$	515,132	$	502,002	$	513,425	$	441,914

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NBT Bancorp Inc. and Subsidiaries

SELECTED FINANCIAL DATA

(unaudited, dollars in thousands except per share data)

	2014			2013
	1st Q			4th Q			3rd Q			2nd Q			1st Q
Balance Sheet Data:
Securities Available for Sale	$	1,377,585		$	1,364,881		$	1,385,734		$	1,390,403		$	1,465,791
Securities Held to Maturity		117,896			117,283			118,259			122,302			62,474
Net Loans		5,412,591			5,337,361			5,297,047			5,219,526			5,126,299
Total Assets		7,753,129			7,652,175			7,668,903			7,534,518			7,610,831
Total Deposits		6,068,898			5,890,224			6,003,138			5,878,176			6,015,963
Total Borrowings		766,753			866,061			783,439			795,918			715,728
Total Liabilities		6,920,927			6,835,606			6,873,344			6,742,943			6,807,536
Stockholders' Equity		832,202			816,569			795,559			791,575			803,295

Asset Quality:
Nonaccrual Loans	$	51,464		$	49,965		$	41,418		$	40,525		$	41,726
90 Days Past Due and Still Accruing		2,700			3,737			3,286			2,004			1,651
Total Nonperforming Loans		54,164			53,702			44,704			42,529			43,377
Other Real Estate Owned		2,564			2,904			3,626			3,757			2,864
Total Nonperforming Assets		56,728			56,606			48,330			46,286			46,241
Allowance for Loan Losses		69,434			69,434			70,184			71,184			68,734
Allowance for Loan Losses to Total Originated Loans (1)		1.51	%		1.55	%		1.60	%		1.68	%		1.69	%
Allowance for Loan Losses to Total Loans		1.27	%		1.28	%		1.31	%		1.35	%		1.32	%
Total Nonperforming Loans to Total Loans		0.99	%		0.99	%		0.83	%		0.80	%		0.83	%
Total Nonperforming Assets to Total Assets		0.73	%		0.74	%		0.63	%		0.61	%		0.61	%
Past Due Loans to Total Loans		0.57	%		0.77	%		0.70	%		0.71	%		0.81	%
Allowance for Loan Losses to Total Nonperforming Loans		128.19	%		129.29	%		157.00	%		167.38	%		158.46	%
Net Charge-Offs to Average Loans (4)		0.27	%		0.44	%		0.46	%		0.30	%		0.56	%

Capital:
Equity to Assets		10.73	%		10.67	%		10.37	%		10.51	%		10.55	%
Book Value Per Share	$	19.09		$	18.77		$	18.38		$	18.18		$	18.36
Tangible Book Value Per Share (2)	$	12.48		$	12.09		$	11.64		$	11.46		$	11.67
Tier 1 Leverage Ratio (3)		9.05	%		8.93	%		8.79	%		8.72	%		10.25	%
Tier 1 Capital Ratio		11.81	%		11.74	%		11.46	%		11.20	%		11.33	%
Total Risk-Based Capital Ratio		13.06	%		12.99	%		12.71	%		12.45	%		12.58	%
Common Stock Price (End of Period)	$	24.46		$	25.90		$	22.98		$	21.17		$	22.15

(1)	Excludes acquired loans with no related allowance recorded

(2)	Stockholders' equity less goodwill and intangible assets divided by common shares outstanding

(3)	The Tier 1 Leverage Ratio for the first quarter of 2013 was impacted by timing of the acquisition of Alliance on March 8, 2013

(4)	Annualized

Note: Year-to-date (YTD) EPS may not equal sum of quarters due to share count differences.

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NBT Bancorp Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(unaudited, dollars in thousands)

	March 31,		December 31,
ASSETS	2014		2013
Cash and due from banks	$	182,071	$	157,625
Short term interest bearing accounts		3,493		1,301
Securities available for sale, at fair value		1,377,585		1,364,881
Securities held to maturity (fair value of $114,920 and $113,276 at March 31, 2014 and December 31, 2013, respectively)		117,896		117,283
Trading securities		6,954		5,779
Federal Reserve and Federal Home Loan Bank stock		41,458		46,864
Loans		5,482,025		5,406,795
Less allowance for loan losses		69,434		69,434
Net loans		5,412,591		5,337,361
Premises and equipment, net		87,647		88,327
Goodwill		263,634		264,997
Intangible assets, net		24,248		25,557
Bank owned life insurance		115,775		114,966
Other assets		119,777		127,234
TOTAL ASSETS	$	7,753,129	$	7,652,175

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Demand (noninterest bearing)	$	1,616,612	$	1,645,641
Savings, NOW, and money market		3,482,925		3,223,441
Time		969,361		1,021,142
Total deposits		6,068,898		5,890,224
Short-term borrowings		356,878		456,042
Long-term debt		308,679		308,823
Junior subordinated debt		101,196		101,196
Other liabilities		85,276		79,321
Total liabilities		6,920,927		6,835,606

Total stockholders' equity		832,202		816,569

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	7,753,129	$	7,652,175

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NBT Bancorp Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

(unaudited, dollars in thousands except per share data)

	Three Months Ended
	March 31,
	2014		2013
Interest, fee and dividend income:
Loans	$	60,015	$	53,695
Securities available for sale		6,757		5,746
Securities held to maturity		768		525
Other		537		403
Total interest, fee and dividend income		68,077		60,369
Interest expense:
Deposits		3,284		4,150
Short-term borrowings		231		42
Long-term debt		2,507		3,609
Junior subordinated debt		538		428
Total interest expense		6,560		8,229
Net interest income		61,517		52,140
Provision for loan losses		3,596		5,658
Net interest income after provision for loan losses		57,921		46,482
Noninterest income:
Insurance and other financial services revenue		6,737		6,893
Service charges on deposit accounts		4,369		4,323
ATM and debit card fees		4,072		3,242
Retirement plan administration fees		2,918		2,682
Trust		4,446		2,913
Bank owned life insurance income		1,382		849
Net securities gains		7		1,145
Other		2,346		3,182
Total noninterest income		26,277		25,229
Noninterest expense:
Salaries and employee benefits		29,534		27,047
Occupancy		6,226		4,977
Data processing and communications		4,001		3,455
Professional fees and outside services		3,415		2,901
Equipment		3,116		2,582
Office supplies and postage		1,685		1,590
FDIC expenses		1,278		1,130
Advertising		739		723
Amortization of intangible assets		1,310		851
Loan collection and other real estate owned		1,040		718
Merger related		-		10,681
Other operating		5,173		4,050
Total noninterest expense		57,517		60,705
Income before income taxes		26,681		11,006
Income taxes		8,672		3,357
Net income	$	18,009	$	7,649
Earnings Per Share:
Basic	$	0.41	$	0.21
Diluted	$	0.41	$	0.21

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NBT Bancorp Inc. and Subsidiaries

QUARTERLY CONSOLIDATED STATEMENTS OF INCOME

(unaudited, dollars in thousands except per share data)

	2014		2013
	1st Q		4th Q		3rd Q		2nd Q			1st Q
Interest, fee and dividend income:
Loans	$	60,015	$	61,173	$	61,773	$	62,031		$	53,695
Securities available for sale		6,757		6,707		6,520		6,537			5,746
Securities held to maturity		768		783		804		548			525
Other		537		518		472		488			403
Total interest, fee and dividend income		68,077		69,181		69,569		69,604			60,369
Interest expense:
Deposits		3,284		3,845		3,999		4,296			4,150
Short-term borrowings		231		174		232		67			42
Long-term debt		2,507		2,559		2,561		3,026			3,609
Junior subordinated debt		538		545		551		560			428
Total interest expense		6,560		7,123		7,343		7,949			8,229
Net interest income		61,517		62,058		62,226		61,655			52,140
Provision for loan losses		3,596		5,166		5,198		6,402			5,658
Net interest income after provision for loan losses		57,921		56,892		57,028		55,253			46,482
Noninterest income:
Insurance and other financial services revenue		6,737		5,761		6,038		5,755			6,893
Service charges on deposit accounts		4,369		4,996		5,055		4,933			4,323
ATM and debit card fees		4,072		3,996		4,276		4,044			3,242
Retirement plan administration fees		2,918		2,796		3,062		2,957			2,682
Trust		4,446		4,725		4,345		4,699			2,913
Bank owned life insurance income		1,382		1,145		913		886			849
Net securities gains (losses)		7		13		329		(61	)		1,145
Other		2,346		1,870		3,129		2,324			3,182
Total noninterest income		26,277		25,302		27,147		25,537			25,229
Noninterest expense:
Salaries and employee benefits		29,534		28,106		29,267		29,160			27,047
Occupancy		6,226		5,262		5,262		5,219			4,977
Data processing and communications		4,001		3,985		4,059		3,854			3,455
Professional fees and outside services		3,415		3,969		3,202		3,237			2,901
Equipment		3,116		3,013		2,988		2,910			2,582
Office supplies and postage		1,685		1,677		1,640		1,656			1,590
FDIC expenses		1,278		1,272		1,285		1,273			1,130
Advertising		739		759		722		1,000			723
Amortization of intangible assets		1,310		1,324		1,346		1,351			851
Loan collection and other real estate owned		1,040		594		886		421			718
Merger		-		88		326		1,269			10,681
Other operating		5,173		5,437		5,303		5,100			4,050
Total noninterest expense		57,517		55,486		56,286		56,450			60,705
Income before income taxes		26,681		26,708		27,889		24,340			11,006
Income taxes		8,672		8,783		8,632		7,424			3,357
Net income	$	18,009	$	17,925	$	19,257	$	16,916		$	7,649
Earnings per share:
Basic	$	0.41	$	0.41	$	0.44	$	0.39		$	0.21
Diluted	$	0.41	$	0.41	$	0.44	$	0.38		$	0.21

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NBT Bancorp Inc. and Subsidiaries

AVERAGE QUARTERLY BALANCE SHEETS

(unaudited, dollars in thousands)

	Average Balance		Yield / Rates			Average Balance		Yield / Rates			Average Balance		Yield / Rates			Average Balance		Yield / Rates			Average Balance		Yield / Rates
	Q1 - 2014					Q4 - 2013					Q3 - 2013					Q2 - 2013					Q1 - 2013

ASSETS:
Short-term interest bearing accounts	$	2,733		1.02	%	$	4,798		0.81	%	$	1,955		1.73	%	$	41,313		0.57	%	$	75,110		0.21	%
Securities available for sale (1)(2)		1,381,744		2.11	%		1,383,273		2.05	%		1,387,714		2.00	%		1,428,864		1.97	%		1,197,238		2.09	%
Securities held to maturity (1)		116,613		3.52	%		117,574		3.47	%		118,781		3.54	%		62,463		5.23	%		52,905		6.06	%
Investment in FRB and FHLB Banks		43,596		4.94	%		41,115		4.92	%		43,895		4.20	%		35,497		4.85	%		31,312		4.75	%
Loans (3)		5,425,938		4.50	%		5,369,474		4.54	%		5,309,446		4.63	%		5,243,534		4.76	%		4,492,106		4.87	%
Total interest earning assets	$	6,970,624		4.01	%	$	6,916,234		4.02	%	$	6,861,791		4.08	%	$	6,811,671		4.16	%	$	5,848,671		4.25	%
Other assets		679,246					680,435					671,482					705,869					554,355
Total assets	$	7,649,870				$	7,596,669				$	7,533,273				$	7,517,540				$	6,403,026

LIABILITIES AND STOCKHOLDERS' EQUITY:
Money market deposit accounts	$	1,411,444		0.15	%	$	1,419,458		0.15	%	$	1,360,067		0.15	%	$	1,402,429		0.15	%	$	1,190,555		0.14	%
NOW deposit accounts		932,528		0.05	%		925,544		0.13	%		877,387		0.13	%		927,037		0.19	%		799,219		0.23	%
Savings deposits		1,000,029		0.07	%		973,650		0.08	%		984,093		0.09	%		983,413		0.09	%		770,559		0.08	%
Time deposits		999,579		0.99	%		1,042,710		1.07	%		1,081,549		1.09	%		1,136,511		1.10	%		1,015,711		1.26	%
Total interest bearing deposits	$	4,343,580		0.31	%	$	4,361,362		0.35	%	$	4,303,096		0.37	%	$	4,449,390		0.39	%	$	3,776,044		0.45	%
Short-term borrowings		398,951		0.24	%		338,476		0.20	%		383,238		0.24	%		229,906		0.12	%		168,783		0.10	%
Junior subordinated debentures		101,196		2.16	%		101,196		2.14	%		101,196		2.16	%		101,196		2.22	%		82,295		2.11	%
Long-term debt		308,760		3.29	%		308,969		3.29	%		309,069		3.29	%		355,702		3.41	%		382,177		3.83	%
Total interest bearing liabilities	$	5,152,487		0.52	%	$	5,110,003		0.55	%	$	5,096,599		0.57	%	$	5,136,194		0.62	%	$	4,409,299		0.76	%
Demand deposits		1,589,865					1,595,145					1,559,506					1,496,486					1,283,737
Other liabilities		78,930					84,730					82,896					78,660					67,297
Stockholders' equity		828,588					806,791					794,272					806,200					642,693
Total liabilities and stockholders' equity	$	7,649,870				$	7,596,669				$	7,533,273				$	7,517,540				$	6,403,026

Interest rate spread				3.49	%				3.47	%				3.51	%				3.54	%				3.49	%
Net interest margin				3.63	%				3.61	%				3.65	%				3.69	%				3.68	%

(1)	Securities are shown at average amortized cost

(2)	Excluding unrealized gains or losses

(3)	For purposes of these computations, nonaccrual loans are included in the average loan balances outstanding

Page 11 of 11

NBT Bancorp Inc. and Subsidiaries

CONSOLIDATED LOAN BALANCES

(unaudited, dollars in thousands)

	2014		2013
	1st Q		4th Q		3rd Q		2nd Q		1st Q
Residential real estate mortgages	$	1,056,793	$	1,041,637	$	1,028,158	$	1,001,642	$	996,925
Commercial		878,152		859,026		849,095		867,513		829,766
Commercial real estate mortgages		1,347,940		1,328,313		1,302,978		1,241,271		1,233,763
Real estate construction and development		99,295		93,247		116,662		152,548		136,402
Agricultural and agricultural real estate mortgages		110,815		112,035		110,113		107,565		107,023
Consumer		1,387,221		1,352,638		1,327,203		1,284,888		1,253,645
Home equity		601,809		619,899		633,022		635,283		637,509
Total loans	$	5,482,025	$	5,406,795	$	5,367,231	$	5,290,710	$	5,195,033

DELAWARE	0-14703	16-1268674
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

	NBT BANCORP INC.
	(Registrant)

	/s/ Michael J. Chewens
	Michael J. Chewens
	Senior Executive Vice President
	and Chief Financial Officer