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NCB, FSB Reports Net Income of $6.0 Million for First Quarter 2012

Arlington, VA  (May 29, 2012) —NCB, FSB, a federally chartered savings bank committed to serving cooperatives nationwide, reported a net income of $6.0 million for the first quarter 2012.   NCB, FSB also reported total assets of $1.7 billion and total deposits of $1.4 billion as of March 31, 2012.  

As a result of the strong quarter, the Bank’s total risk based capital remained high at 15.64% for the first quarter of 2012. 

“We are pleased to announce NCB, FSB reported another successful quarter in the start of 2012, and we anticipate similar results during the first half of the year,” said Steven Brookner, President of NCB, FSB.  “The numbers speaks to our ongoing commitment and attention to our core customers—housing communities, business cooperatives and socially-responsible organizations nationwide— and offering the best competitive banking products and services to meet their evolving needs.”


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NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop.

NCB is a proud supporter of the 2012 International Year of Cooperatives – a United Nations declaration and global campaign to educate the public about the benefits of cooperatives. “Cooperative enterprises build a better world” is the official slogan of The International Year of Cooperatives, and NCB is doing its part to build awareness of cooperatives in all fields of business.

This news release contains certain “forward-looking statements”.  Examples of forward-looking statements include, but are not limited to, estimates with respect to NCB’s financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates and most other statements that are not historical in nature. These factors include, but are not limited to, general and local economic conditions, changes in interest rates, debt covenants and compliance projections, other-than-temporary impairment evaluations, deposit flows, demand for mortgage, commercial and other loans, real estate values, performance of collateral underlying certain securities, competition, changes in accounting principles, policies, or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory, and technological factors affecting NCB’s operations, pricing products and services.