National Cooperative Bank (NCB) provides comprehensive banking products and services to community associations; including housing cooperatives, condominium associations and homeowner associations throughout the country. With over 30 years of industry experience, NCB provides services to more than 3,000 housing communities nationwide, working with over 600 property management companies. We are the largest lender to cooperative housing communities in New York City and one of the largest lenders to condominium and homeowners associations in the country.
In 2012, NCB originated 511 loans totaling $962 million to housing communities for capital improvement repairs and to refinance existing debt. NCB’s current portfolio for community associations consists of $290 million in deposits, including checking and saving accounts and 4,281 loans totaling $5.8 billion in assets under management. Our tenured staff and reputation in the marketplace makes NCB the bank of choice for community associations.
Financial Status:
NCB reported earnings of $15.2 million for the first quarter of 2013. Total assets as of March 31, 2013 were $1.7 billion and total deposits were $1.3 billion. Regulatory capital ratios at NCB’s wholly-owned thrift subsidiary, NCB, FSB, remained very strong in the first quarter of 2013. As of March 31, 2013, NCB, FSB’s core capital was 15.14% of adjusted total assets and its total risk-based capital was 16.39% of total risk-weighted assets.
Headquartered in Washington, DC, NCB has offices in Alaska, California, New York, Ohio and Virginia.
