“Our relationship-based, single-point-of-contact model, coupled with our healthy balance sheet, once again led to the Bank earning many accolades this year, including being named among the top five banks in the U.S. by Forbes, Bank Director Magazine and the ABA Banking Journal. The foundation for our continued success lies in our core philosophy of maintaining a conservative and well-capitalized balance sheet for our depositors. Depositor safety has been -- and always will be – at the forefront of our business model,” DePaolo explained.Scott A. Shay, Chairman of the Board, added: "This past year we again demonstrated our consistency, discipline and reputation as the bank of choice for New York privately owned businesses, based on two hallmarks of our institution, namely, safety and service. In terms of safety, our capital ratios continue to be considerably higher than our mega-bank competitors. Additionally, our balance sheet is straightforward, enabling us to boast a very low non-performing asset ratio of 0.19 percent. This commitment to safety also allows clients to rest easy knowing their funds are secure in a credit worthy institution. Furthermore, our ability to distinguish the Bank in the marketplace through unparalleled service is a direct reflection of our dedicated, talented colleagues, who treat each client as their most important. We pledge to stand by these two pillars in 2013 and beyond.” Capital The Bank’s tier 1 leverage, tier 1 risk-based, and total risk-based capital ratios were approximately 9.51 percent, 15.32 percent and 16.35 percent, respectively, as of December 31, 2012. Each of these ratios is well in excess of regulatory requirements. The Bank’s strong risk-based capital ratios reflect the relatively low risk profile of the Bank’s balance sheet. The Bank’s tangible common equity ratio remains strong at 9.45 percent. The Bank defines the tangible common equity ratio as the ratio of tangible common equity to adjusted tangible assets and calculates this ratio by dividing total consolidated common shareholders’ equity by consolidated total assets.