National Capital Bank of Washington Named “Strongest” Bank in Washington, DC for Second Quarter

The National Capital Bank of Washington (NCB) announced today that TheStreet.com Ratings, an independent provider of ratings and analyses covering the financial services industry, awarded them an A+ rating for financial strength for the second consecutive quarter. Once again, NCB was the only bank in the Washington, D.C., metropolitan area to receive this rating.

“This rating comes as a result of our commitment over many years to provide a superior capital cushion to protect our depositors’ money. It’s always rewarding to have this kind of acknowledgement for our efforts,” explains James M. Didden, president of National Capital Bank of Washington. “NCB has been profitable and paying dividends for 120 years, but this is only part of our story. We pride ourselves on long-term, person-to-person customer relationships. Our senior officers, from our chairman on down, are professional bankers who take pride in getting to know our customers.

“Protecting a bank’s capital base involves making thoughtful loan decisions. Our risk underwriting standards have been a cornerstone of our success and have remained consistent over time,” says Mr. Didden. “We have no non-performing loans on our books.”

Raters’ criteria seems to mirror that thinking since strong capital levels, good loan quality and consistent profitability are the determinants that TheStreet.com looks at in analyzing the financial strength of the 8,200 banks and thrifts throughout the country. Only 29 received an A+ rating during second quarter this year, down from 32 three months earlier.

NCB far exceeded the regulatory requirements for banks and thrifts to be considered well-capitalized—a sign that the institution has the resources necessary to deal with severe economic conditions. This list is dominated by community banks.

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 $274 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 loans, and for being named one of the top banks and thrifts, a 100-year old small business of the year, and top commercial lender. NCB trades under the symbol NACB. For more information about NCB, go to www.nationalcapitalbank.com.

National Capital Bancorp (PK) (USOTC:NACB)
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