Letter from the President
Financial Highlights
Partnerships
Bank with NCB
National Capital Bancorp, Inc. Consolidated Financial Highlights
December 31, 2022 and 2021
Year ended December 31, Dollars in thousands, except per share data
Annual Results
2022
2021
%Change
Annual Results
2020
2019
%Change
Net Income
$4,588
$4,646
-1.3%
Net Income per Common Share*
15.98
16.23
-1.5%
Common Dividends Paid per Share
2.40
2.20
9.1%
PERFORMANCE RATIOS BASED ON NET INCOME
2022
2021
%Change
PERFORMANCE RATIOS BASED ON NET INCOME
2020
2019
%Change
Return on Average Assets
0.67%
0.71%
-5.7%
Return on Average Common Shareholders’ Equity
9.29%
8.57%
8.4%
Net Interest Margin
3.12%
3.22%
-3.3%
Cost Efficiency Ratio
78.49%
75.25%
4.3%
SELECTED AVERAGE BALANCES
2022
2021
%Change
SELECTED AVERAGE BALANCES
2020
2019
%Change
Total Assets
$680,800
$650,090
4.7%
Total Earning Assets
655,273
627,866
4.4%
Total Gross Loans
405,092
449,562
-9.9%
Total Deposits
605,455
569,681
6.3%
Non Interest
221,298
205,191
7.8%
Interest
384,157
364,490
5.4%
Total Borrowings
23,155
23,175
-0.1%
Total Stockholders’ Equity
49,393
54,206
-8.9%
SELECTED YEAR-END BALANCES
2022
2021
%Change
SELECTED YEAR-END BALANCES
2020
2019
%Change
Total Assets
$644,156
$734,709
-12.3%
Total Earning Assets
617,948
712,351
-13.3%
Total Gross Loans
425,149
396,453
7.2%
Allowance for Loan Losses
5,069
5,959
-14.9%
Total Deposits
571,751
657,116
-13.0%
Non Interest
208,042
268,530
-22.5%
Interest
363,710
388,586
-6.4%
Total Borrowings
20,953
19,952
5.0%
Total Shareholders’ Equity
48,328
54,854
-11.9%
Total Shares of Common Stock
287,300
286,457
0.3%
CAPITAL RATIOS
2022
2021
%Change
CAPITAL RATIOS
2020
2019
%Change
Average Shareholders’ Equity to
Average Assets at Year-end
7.26%
8.34%
-13.0%
Shareholders’ Equity to
Assets at Year-end
7.50
7.47%
0.5%
Common Stock, Per Share:
2022
2021
%Change
Common Stock, Per Share:
2020
2019
%Change
Book Value
$168.21
$191.49
-12.2%
Tangible Book Value
$168.21
$191.49
-12.2%
Market Price
$165.00
$197.00
-16.2%
*Average Shares Outstanding
287,115
286,328
0.3%
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