Financial Update from the CFO

National Consumer Cooperative Bank (NCCB) reported consolidated earnings of $10.6 million for the nine months ended September 30, 2015. NCCB also reported total assets of $2.1 billion and total deposits of $1.6 billion as of September 30, 2015.

Regulatory capital ratios at National Cooperative Bank, N.A. (NCCB’s wholly-owned commercial bank subsidiary, or “NCB”) remained very strong at September 30, 2015. NCB’s common equity tier 1 capital ratio was 12.82% of risk-weighted assets and its total risk-based capital was 13.54% of total risk-weighted assets, both significantly in excess of levels considered “well capitalized” by banking regulators.  

 

Richard L. Reed
Chief Financial Officer