BCB Bancorp CEO touts strong capital, low risk amid SVB, Signature failures

BCB BANCORP INC

Tangible equity to assets ratio 8.1%; regulatory capital well above well-capitalized requirements.
Non-accrual loans 0.17% of total loans; allowance covers 633.6% of non-accrual loans.
Net charge-offs only 0.06% for FY2022; no crypto or venture-capital exposure.
Average deposit sizes: consumer $35.2K, commercial $79.7K; diversified funding via FHLB and other channels.
CEO says recent Treasury, Fed, FDIC actions should restore confidence; bank proactively contacting investors.

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