Step 1: Preheat oven to 350 degrees F. Set oven rack to second-lowest position. Grease a loaf pan.
Step 2: In a bowl beat the sugar with butter, and eggs and vanilla until thoroughly combined (about 3 minutes). Gently mix in the mashed banana. In another bowl combine the baking powder with baking soda and flour; using a wooden spoon gently mix into the wet mixture until JUST combined.Mix in chopped nuts. Pour into a greased loaf pan.
Step 3: Bake for about 1 1/4 to 1 1/2 hours (baking time will depend on the size of loaf pan that you use). Brush top of warm loaf with melted butter or glaze with confectioners icing, if desired.
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