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

  • Paragon Commercial Bank in Raleigh, North Carolina (NC)
  • Show street view No street view available for this location

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
    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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Paragon Commercial Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents