Financial Update from the CFO

National Consumer Cooperative Bank (NCCB) reported consolidated earnings of $8.7 million for the six months ended June 30, 2015. NCCB also reported total assets of $2.1 billion and total deposits of $1.6 billion as of June 30, 2015.

Regulatory capital ratios at National Cooperative Bank, N.A. (NCCB’s wholly-owned commercial bank subsidiary, or “NCB”) remained very strong at June 30 2015. NCB’s common equity tier 1 capital ratio was 13.54% of risk-weighted assets and its total risk-based capital was 14.29% of total risk-weighted assets, both significantly in excess of levels considered “well capitalized” by banking regulators.  


Richard L. Reed
Chief Financial Officer