(Source: 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 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.
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