content: SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
  
  
  
                                  FORM 8-K
  
                               CURRENT REPORT
  
  
  
                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934
  
  
  
  Date of Report (Date of earliest event reported):  October 24, 2001
  
  
                          NB&T FINANCIAL GROUP, INC.
              -----------------------------------------------------
              (Exact name of registrant as specified in its charter)
  
  
  
  
              OHIO                    0-23134              31-1004998
  ---------------------------    -------------------   --------------------
  (State or other jurisdiction  (Commission File No.) (IRS Employer I.D. No.)
       of incorporation)
  
  
              48 N. South Street, Wilmington, Ohio           45177
             ----------------------------------------      ----------
            (Address of principal executive offices)       (Zip Code)
  
  
  Registrant's telephone number, including area code:  (937) 382-1441
  
  
  
  
  <PAGE>
  
  Item 5.     Other Events.
  ------      ------------
  
  The following was contained in a press release issued by NB&T Financial
  Group, Inc., on or about October 24, 2001.
  
  
  EARNINGS RELEASE
  
  NB&T Financial Group, Inc. (Company), parent company of The National Bank and
  Trust Company, Wilmington, Ohio, (Bank) announced net income for the third
  quarter of 2001 was $1.39 million, compared to a net loss of $132,000 for the
  third quarter of 2000. Net income per share was $.45 for the third quarter of
  2001, compared to a net loss of $.04 per share for the third quarter of 2000.
  Net income for the first nine months of 2001 was $4.37 million, compared to
  $2.7 million for the first nine months of 2000.  Net income per share was
  $1.38 for the nine months ended September 30, 2001, compared to $.85 through
  the same date in 2000.
  
  In the third quarter of 2000, the Company restructured a portion of its
  securities portfolio, resulting in the recognition of an after-tax loss of
  $1.37 million, and increased its provision for loan losses to $725,000.
  
  At the end of the third quarter this year, a $4.1 million loan that had been
  on non-accrual status since April this year was placed back on accrual status
  due to the improved financial condition of the borrower.
  
  The third quarter of 2001 showed an increase in net interest income of 6.3%
  compared to the same quarter last year.  Average loans had a slight decrease
  of 2.4% and average securities had an increase of 20.4% when compared to the
  same period last year, which resulted in an increase of 11.0% in average
  interest-earning assets.  This change in the mix of the balance sheet, and
  significant decreases in market rates, decreased the tax equivalent yield on
  interest-earning assets from 8.13% in the third quarter of 2000 to 7.40% in
  the third quarter of 2001.  Average interest-bearing liabilities increased
  11.0% from the third quarter last year, primarily in interest-bearing
  checking accounts, certificates of deposit and Federal Home Loan Bank
  borrowing.  The average cost of interest-bearing liabilities decreased from
  5.08% for the third quarter of 2000 to 4.29% for the third quarter of 2001.
  
  Non-interest income was $2.0 million, 34.8% above the third quarter of 2000.
  This increase was primarily due to increases in ATM network fees, Bank Owned
  Life Insurance (BOLI) income, and insurance agency commissions.  For the
  first nine months of 2001, non-interest income was $5.6 million, 26.2% above
  the first nine months of 2000.
  
  
  
  
                                    -1-
  
  <PAGE>
  
  Non-interest expense increased 29.0% from the third quarter last year, the
  primary reasons being increases in salaries and benefits expense and
  occupancy and equipment expense related to the opening of three new branches
  during 2001.  For the first nine months of 2001, non-interest expense was
  $13.3 million, 14.9% above the first nine months of 2000.  The Company's
  effective tax rate was 19.8% during the third quarter of 2001.  Performance
  ratios for the third quarter of 2001 included a return on assets of .89%, and
  a return on equity of 10.93%.  For the first nine months of 2001, return on
  assets was .97%, and return on equity was 11.61%.
  
  Total assets grew 12.7% to $643.5 million at September 30, 2001 from the same
  date last year.  Total loans-net were $358.0 million, a decrease of 3.3%,
  while the securities portfolio increased 43.5% to $203.1 million.  Total
  deposits increased 7.1% to $433.4 million, and short- and long-term borrowing
  increased 32.7% to $154.8 million.  Book value per share was $16.41, and
  equity to assets was 7.97% as of September 30, 2001.
  
  On September 18 the board of directors declared a dividend of $0.21 per share
  payable October 25, 2001, to shareholders of record September 30, 2001.  This
  is an increase of 10.5% from the dividends declared in the third quarter of
  2000.
  
  
  
  
                                    -2-
  
  
  <PAGE>
  
  
                                 SIGNATURES
                                 ----------
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.
  
  
                                       NB&T FINANCIAL GROUP, INC.
  
  
  
                                       By: /s/ Charles L. Dehner
                                           ------------------------------
                                           Charles L. Dehner
                                           Executive Vice President,
                                             Chief Financial Officer
  
  
  Date:  October 24, 2001
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "nbt8k1024.txt", "secsgml_size_bytes": 5680}]
metadata_filer: {"company-data": {"conformed-name": "NB&T FINANCIAL GROUP INC", "cik": "0000908837", "assigned-sic": "6029", "irs-number": "311004998", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23134", "film-number": "1765255"}, "business-address": {"street1": "48 NORTH SOUTH ST", "city": "WILMINGTON", "state": "OH", "zip": "45177", "phone": "9373821441"}, "mail-address": {"street1": "48 NORTH SOUTH ST", "city": "WILMINGTON", "state": "OH", "zip": "45177"}, "former-company": {"former-conformed-name": "INTERCOUNTY BANCSHARES INC", "date-changed": "19930708"}}
text: SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
  
                                  FORM 8-K
  
                               CURRENT REPORT
  
                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported):  October 24, 2001
  
                          NB&T FINANCIAL GROUP, INC.
              -----------------------------------------------------
              (Exact name of registrant as specified in its charter)
  
              OHIO                    0-23134              31-1004998
  ---------------------------    -------------------   --------------------
  (State or other jurisdiction  (Commission File No.) (IRS Employer I.D. No.)
       of incorporation)
  
              48 N. South Street, Wilmington, Ohio           45177
             ----------------------------------------      ----------
            (Address of principal executive offices)       (Zip Code)
  
  Registrant's telephone number, including area code:  (937) 382-1441
  Item 5.     Other Events.
  ------      ------------
  
  The following was contained in a press release issued by NB&T Financial
  Group, Inc., on or about October 24, 2001.
  
  EARNINGS RELEASE
  
  NB&T Financial Group, Inc. (Company), parent company of The National Bank and
  Trust Company, Wilmington, Ohio, (Bank) announced net income for the third
  quarter of 2001 was $1.39 million, compared to a net loss of $132,000 for the
  third quarter of 2000. Net income per share was $.45 for the third quarter of
  2001, compared to a net loss of $.04 per share for the third quarter of 2000.
  Net income for the first nine months of 2001 was $4.37 million, compared to
  $2.7 million for the first nine months of 2000.  Net income per share was
  $1.38 for the nine months ended September 30, 2001, compared to $.85 through
  the same date in 2000.
  
  In the third quarter of 2000, the Company restructured a portion of its
  securities portfolio, resulting in the recognition of an after-tax loss of
  $1.37 million, and increased its provision for loan losses to $725,000.
  
  At the end of the third quarter this year, a $4.1 million loan that had been
  on non-accrual status since April this year was placed back on accrual status
  due to the improved financial condition of the borrower.
  
  The third quarter of 2001 showed an increase in net interest income of 6.3%
  compared to the same quarter last year.  Average loans had a slight decrease
  of 2.4% and average securities had an increase of 20.4% when compared to the
  same period last year, which resulted in an increase of 11.0% in average
  interest-earning assets.  This change in the mix of the balance sheet, and
  significant decreases in market rates, decreased the tax equivalent yield on
  interest-earning assets from 8.13% in the third quarter of 2000 to 7.40% in
  the third quarter of 2001.  Average interest-bearing liabilities increased
  11.0% from the third quarter last year, primarily in interest-bearing
  checking accounts, certificates of deposit and Federal Home Loan Bank
  borrowing.  The average cost of interest-bearing liabilities decreased from
  5.08% for the third quarter of 2000 to 4.29% for the third quarter of 2001.
  
  Non-interest income was $2.0 million, 34.8% above the third quarter of 2000.
  This increase was primarily due to increases in ATM network fees, Bank Owned
  Life Insurance (BOLI) income, and insurance agency commissions.  For the
  first nine months of 2001, non-interest income was $5.6 million, 26.2% above
  the first nine months of 2000.
  
                                    -1-
  Non-interest expense increased 29.0% from the third quarter last year, the
  primary reasons being increases in salaries and benefits expense and
  occupancy and equipment expense related to the opening of three new branches
  during 2001.  For the first nine months of 2001, non-interest expense was
  $13.3 million, 14.9% above the first nine months of 2000.  The Company's
  effective tax rate was 19.8% during the third quarter of 2001.  Performance
  ratios for the third quarter of 2001 included a return on assets of .89%, and
  a return on equity of 10.93%.  For the first nine months of 2001, return on
  assets was .97%, and return on equity was 11.61%.
  
  Total assets grew 12.7% to $643.5 million at September 30, 2001 from the same
  date last year.  Total loans-net were $358.0 million, a decrease of 3.3%,
  while the securities portfolio increased 43.5% to $203.1 million.  Total
  deposits increased 7.1% to $433.4 million, and short- and long-term borrowing
  increased 32.7% to $154.8 million.  Book value per share was $16.41, and
  equity to assets was 7.97% as of September 30, 2001.
  
  On September 18 the board of directors declared a dividend of $0.21 per share
  payable October 25, 2001, to shareholders of record September 30, 2001.  This
  is an increase of 10.5% from the dividends declared in the third quarter of
  2000.
  
                                    -2-
  SIGNATURES
                                 ----------
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.
  
                                       NB&T FINANCIAL GROUP, INC.
  
                                       By: /s/ Charles L. Dehner
                                           ------------------------------
                                           Charles L. Dehner
                                           Executive Vice President,
                                             Chief Financial Officer
  
  Date:  October 24, 2001