Financial Update from the CFO

National Consumer Cooperative Bank (NCCB) reported consolidated earnings of $4.8 million through June 30, 2016. NCCB also reported total assets of $2.2 billion and total deposits of $1.7 billion as of June 30, 2016.

Regulatory capital ratios at National Cooperative Bank, N.A. (NCCB’s wholly-owned commercial bank subsidiary, or “NCB”) remained very strong as of June 30, 2016.  NCB’s common equity tier 1 capital ratio was 13.28% of risk-weighted assets and its total risk-based capital was 14.19% of total risk-weighted assets, both significantly in excess of levels considered “well capitalized” by banking regulators.  

 

 

 

Richard L. Reed
Chief Financial Officer