SNL Financial Names National Capital Bank as One of the Best in the Nation
May 12 2011 - 11:39AM
Business Wire
The National Capital Bank of Washington (NCB) announced today
that it has been named among the “Top 100 Best-Performing Community
Banks” by SNL Financial. NCB is one of the few east coast banks to
make the list and is the only Washington, D.C.-based bank
listed.
To determine the rankings, SNL examined commercial banks with
less than $500 million in assets and fewer than 60 offices. SNL
used 6 metrics: return on average tangible assets before tax, net
charge-offs as a percent of average loans, adjusted nonperforming
loans as a percent of total loans, operating expenses as a percent
of operating revenue, net interest margin and loan growth. NCB was
considered against 5,000 other community banks across the
country.
Despite challenges in the economy and turmoil in the banking and
financial services industry, this 122 year old family-run
institution continues to top the charts for safety, soundness and
profitability throughout the Washington metropolitan area and
beyond.
“It is rewarding to see that National Capital continues to lead
in the rankings among community banks locally and nationally,” said
Richard A. Didden, Chairman and CEO. “The Bank has always worked
hard to uphold the highest standards of safety, security and
profitability. For more than a century our customers have come to
expect that we will stand out among our competitors. We work hard
not to disappoint them.”
Unlike banks across the country, National Capital has refused to
increase fees to fatten the bottom line. In April it was announced
that the Bank would not increase fees for the 5th consecutive year.
Bucking current trends in the industry, the Bank began eliminating
fees through its Auto Flex product, which offers all checking
account customers automatic overdraft protection through a linked
account at no fee. In addition, the Bank has paid continuous
dividends to its shareholders for 122 years.
The National Capital Bank, Washington’s Oldest Bank, was founded
in 1889 and has been managed by the Didden family for 122 years.
NCB has assets of $350 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, and for being
named the best bank in DC for small business loans. In addition,
the Bank is also recognized as 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.
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