NCB, FSB, a federally chartered savings bank committed to serving cooperatives nationwide, reported net income of $8.4 million through June 30, 2012. NCB, FSB also reported total assets of $1.6 billion and total deposits of $1.3 billion as of June 30, 2012.  The Bank’s total risk based capital remained high at 15.45% at June 30, 2012. 

“We are pleased to report another successful quarter for NCB, FSB, and we anticipate similar levels of financing activity during the next six months,” said Steven Brookner, President of NCB, FSB.  “Loan originations and deposit growth have remained strong and we will continue to offer competitive banking products and services, to meet our customer’s evolving needs.”

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop. 

NCB is a proud supporter of the 2012 International Year of Cooperatives – a United Nations declaration and global campaign to educate the public about the benefits of cooperatives. “Cooperative enterprises build a better world” is the official slogan of The International Year of Cooperatives, and NCB is doing its part to build awareness of cooperatives in all fields of business.