Financial Update from the CFO

National Consumer Cooperative Bank (NCCB) reported consolidated earnings of $3.1 million for the first quarter of 2015.  NCCB also reported total assets of $2.0 billion and total deposits of $1.6 billion as of March 31, 2015. 

Regulatory capital ratios at National Cooperative Bank, N.A. (NCCB’s wholly-owned commercial bank subsidiary, or “NCB”) remained very strong at March 31, 2015.  NCB’s core capital was 12.22% of adjusted total assets and its total risk-based capital was 14.69% of total risk-weighted assets, both significantly in excess of levels considered “well capitalized” by banking regulators.  

 

Richard L. Reed
Chief Financial Officer