SNL Financial Names National Capital Bank as One of the Best in the Nation

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.

National Capital Bancorp (PK) (USOTC:NACB)
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