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

WASHINGTON--(BUSINESS WIRE)--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 a...
Click here to read the whole Article (external link)

National Capital Bank of Washington Is the Only DC-Based Bank Designated a "Top 200 Community Bank"

US Banker Magazine. This designation was based on the three-year average return on equity (ROE). 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...
Click here to read the whole Article (external link)