Washington, DC (May 16, 2016) —National Cooperative Bank (NCCB), a leading financial services company dedicated to providing banking products and services to cooperatives nationwide, reported consolidated earnings of $2.0 million through March 31, 2016.
“We are pleased to report the Bank’s positive corporate results at the end of the first quarter,” said Charles Snyder, President and CEO of NCCB. “Our continued success can be attributed to our strong product lines our commitment to superior service and our strategic partnerships with cooperative organizations.”
NCCB also reported total assets of $2.2 billion and total deposits of $1.77 billion as of March 31, 2016. Regulatory capital ratios at National Cooperative Bank, N.A. continue to be strong. As of March 31, 2016, National Cooperative Bank, N.A. had a total risk-based capital ratio of 14.13% and a tier 1 leverage or core capital ratio was 11.56%.
