National Capital Bank of Washington Is the Only DC-Based Bank Designated a “Top 200 Community Bank”
August 27 2009 - 7:00AM
Business Wire
The National Capital Bank of Washington (NCB) announced today
that it was the only Washington, DC-based bank named a “Top 200
Community Bank or Thrift” by US Banker Magazine. This designation
was based on the three-year average return on equity (ROE).
SNL Financial LC analyzed data for US Banker Magazine using
statistics as of December 31, 2008. At that time, NCB’s Return on
Equity Ratio was 10.86 percent. ROE tells stockholders how
effectively their money is being used. The measure is a good
indicator of how well one banking institution is doing as compared
to its peers.
Earlier this year, NCB was also named one of the top 20
“strongest” banks in the country and received an A+ rating from
Weiss Ratings, the nation’s only independent provider of ratings
and analyses covering the financial services industry. This was the
second consecutive year that NCB was recognized by Weiss for safety
and solid performance.
“It is gratifying to see that our decades of solid performance
and superior capital structure have been acknowledged,” says James
M. Didden, president of NCB. “NCB has worked hard to ensure
profitable operations while maintaining the highest standards of
safety and soundness. To succeed in both areas is more than doubly
difficult.” The bank has paid continuous dividends to its
shareholders for more than 120 years.
Despite the tumultuous banking environment and tightening credit
markets, NCB has not altered its underwriting standards to suit the
economy or appease doomsday pundits.
“People with good credit are always welcome and we continue to
have plenty of loan money available,” notes Mr. Didden. “Getting to
know our customers is good business whether it helps to serve their
needs or makes our underwriting decisions more thoughtful. All of
our management decisions are made right here in our hometown, not
in some far-off city. My desk sits in the lobby which helps keep me
attuned to customers’ needs. It’s the small-town bank philosophy
practiced in the city; it’s what a community bank should be. Big
banks just can’t do what we do.”
The National Capital Bank of Washington was founded in 1889 and
has been managed by the Didden family for 120 years. NCB has assets
of $259 million and is headquartered on Capitol Hill with a second
branch located in Friendship Heights. The bank has been recognized
over the last decade with numerous accolades for its safety and
soundness, exceptional performance, small business services, and
for its profitability as well. In 2008 they were recognized as
Washington D.C.’s Small Business of the Year. NCB trades under the
symbol NACB. For more information about NCB, go to
www.ncbwash.com
National Capital Bancorp (PK) (USOTC:NACB)
Historical Stock Chart
From Jun 2024 to Jul 2024
National Capital Bancorp (PK) (USOTC:NACB)
Historical Stock Chart
From Jul 2023 to Jul 2024
