Arlington, VA (September 6, 2012) —NCB, FSB, a federally chartered savings bank committed to serving cooperatives nationwide, reported net income of $8.4 million through June 30, 2012. NCB, FSB also reported total assets of $1.6 billion and total deposits of $1.3 billion as of June 30, 2012. The Bank’s total risk based capital remained high at 15.45% at June 30, 2012.
“We are pleased to report another successful quarter for NCB, FSB, and we anticipate similar levels of financing activity during the next six months,” said Steven Brookner, President of NCB, FSB. “Loan originations and deposit growth have remained strong and we will continue to offer competitive banking products and services, to meet our customer’s evolving needs.”
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.