Paragon Commercial Bank in Raleigh, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Paragon Commercial Bank in Raleigh, North Carolina (NC)
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Paragon Commercial Bank - Overview

  • General
  • FDIC Certificate #: 35100
    Status: Active
    Federal Reserve ID: 2806626
    Bank Holding Company (Regulatory Top Holder): Paragon Commercial Corporation (RSSDID: 3021800, Location: Raleigh, NC)
    Date Established: May 10, 1999
    WWW: http://www.paragoncommercial.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 74679
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 10, 1999
    Last Structure Change Effective Date: March 26, 2007
    Last Structure Change Process Date: August 28, 2008
    Last Data Update: August 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 3535 Glenwood Avenue, Raleigh, NC 27612
    County: Wake
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
    Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
    Core Based Statistical Area (CBSA): Raleigh-Cary, NC (#39580)
    CBSA Metro Statistical Area: Raleigh-Cary, NC (#39580)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $964.2 mil
    Equity capital: $97.6 mil
    Deposits held in domestic offices: $745.6 mil
    Return on assets (ROA): 0.14% ($1.3 mil)
    Quarterly return on assets: 0.11% ($1.1 mil)
    Return on Equity (ROE): 1.62% ($1.6 mil)
    Quarterly return on equity: 1.10% ($1.1 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.15% ($1,446.4 mil)
    Quarterly Pretax return on assets: 0.01% ($96.4 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 76Total employees (full-time equivalent)
  • $964,240Total assets
  • $46,081Cash and due from depository institutions
  • $34,622Interest-bearing balances
  • $161,430Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $673,708Net loans & leases
  • $13,269Loan loss allowance
  • $0Trading account assets
  • $9,330Bank premises and fixed assets
  • $26,132Other real estate owned
  • $0Goodwill and other intangibles
  • $964,240Life insurance assets
  • $47,559All other assets
  • $866,623Total liabilities and capital
  • $745,619Total liabilities
  • $697,543Total deposits
  • $745,619Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 70769.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,000Trading liabilities
  • $11,780Other borrowed funds
  • $3,455Subordinated debt
  • $97,617All other liabilities
  • $97,617Total equity capital
  • $97,617Total bank equity capital
  • $0Perpetual preferred stock
  • $7,850Common stock
  • $71,112Surplus
  • $18,655Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,426Income earned, not collected on loans
  • $0Earning assets
  • $2,709Long-term assets (5+ years)
  • $869,760Average Assets, year-to-date
  • $178,476Average Assets, quarterly
  • $1,072,823Volatile liabilities
  • $979,410Insider loans
  • $735,807FHLB advances
  • $962,265Loans and leases held for sale
  • $24,868Unused loan commitments
  • $24,868Tier 1 (core) risk-based capital
  • $87,047Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $76,216Restructured Loans and leases
  • $7,024Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $44,136Total interest income
  • $18,513Total interest expense
  • $25,623Net interest income
  • $2,918Provision for loan and lease losses
  • $991Total noninterest income
  • $0Fiduciary activities
  • $225Service charges on deposit accounts
  • $0Trading account gains & fees
  • $766Additional noninterest income
  • $20,904Total noninterest expense
  • $6,854Salaries and employee benefits
  • $1,843Premises and equipment expense
  • $12,207Additional noninterest expense
  • $2,792Pre-tax net operating income
  • -$1,231Securities gains (losses)
  • $33Applicable income taxes
  • $1,528Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,528Net income attributable to bank
  • $0Net charge-offs
  • $1,528Cash dividends
  • $7,022Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 1.92%Cost of funding earning assets
  • 2.66%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.17%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 1.62%Return on equity (ROE)
  • 1.62%Retained earnings to average equity (YTD only)
  • 0.91%Net charge-offs to loans
  • 41.56%Credit loss provision to net charge-offs
  • 0.81%Efficiency ratio
  • 78,545Assets per employee
  • 12.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 54.32%Noncurrent assets plus other real estate owned to assets
  • 5.26%Noncurrent loans to loans
  • 3.56%Net loans and leases to deposits
  • 90.36%Net loans and leases to core deposits
  • 181.81%Equity capital to assets
  • 10.12%Core capital (leverage) ratio
  • 9.05%Tier 1 risk-based capital ratio
  • 11.83%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,072,823Average earning assets
  • $94,416Average equity
  • $964,833Average loans

List of branches

  • 2 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074679Paragon Commercial Bank3535 Glenwood Avenue, Raleigh, NC 27612May 10, 1999Full Service Brick and Mortar
    4458040Paragon Commerical Bank - Charlotte4725 Piedmont Row Drive, Suite 200, Charlotte, NC 28210January 22, 2007Full Service Brick and Mortar

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