Paragon National Bank in Memphis, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Paragon National Bank in Memphis, Tennessee (TN)
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Paragon National Bank - Overview

  • General
  • FDIC Certificate #: 57874
    Status: Active
    Federal Reserve ID: 3288452
    Date Established: January 19, 2005
    WWW: http://www.bankparagon.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 428718
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 19, 2005
    Last Structure Change Effective Date: June 30, 2007
    Last Structure Change Process Date: May 05, 2011
    Last Data Update: May 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 5400 Poplar Avenue, Suite 350, Memphis, TN 38119
    County: Shelby
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920)
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $259.5 mil
    Equity capital: $26.6 mil
    Deposits held in domestic offices: $221.3 mil
    Return on assets (ROA): 0.36% ($0.9 mil)
    Quarterly return on assets: 0.57% ($1.5 mil)
    Return on Equity (ROE): 3.61% ($1.0 mil)
    Quarterly return on equity: 5.55% ($1.5 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.36% ($934.2 mil)
    Quarterly Pretax return on assets: 0.57% ($1,479.1 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
  • 54Total employees (full-time equivalent)
  • $259,492Total assets
  • $9,882Cash and due from depository institutions
  • $5,836Interest-bearing balances
  • $46,606Securities
  • $4,757Federal funds sold & reverse repurchase agreements
  • $187,323Net loans & leases
  • $3,856Loan loss allowance
  • $48Trading account assets
  • $2,724Bank premises and fixed assets
  • $4,541Other real estate owned
  • $0Goodwill and other intangibles
  • $259,492Life insurance assets
  • $3,611All other assets
  • $232,938Total liabilities and capital
  • $221,273Total liabilities
  • $181,586Total deposits
  • $221,273Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 7926.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,739Subordinated debt
  • $26,554All other liabilities
  • $26,554Total equity capital
  • $26,554Total bank equity capital
  • $0Perpetual preferred stock
  • $18,338Common stock
  • $19,163Surplus
  • $-10,947Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,912Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,542Income earned, not collected on loans
  • $0Earning assets
  • $965Long-term assets (5+ years)
  • $244,570Average Assets, year-to-date
  • $60,065Average Assets, quarterly
  • $255,117Volatile liabilities
  • $257,400Insider loans
  • $182,785FHLB advances
  • $258,717Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,098Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,863Restructured Loans and leases
  • $4,463Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,924Total interest income
  • $2,163Total interest expense
  • $8,761Net interest income
  • $861Provision for loan and lease losses
  • $1,186Total noninterest income
  • $0Fiduciary activities
  • $472Service charges on deposit accounts
  • -$257Trading account gains & fees
  • $971Additional noninterest income
  • $8,873Total noninterest expense
  • $4,359Salaries and employee benefits
  • $1,620Premises and equipment expense
  • $2,894Additional noninterest expense
  • $213Pre-tax net operating income
  • $709Securities gains (losses)
  • $0Applicable income taxes
  • $922Income before extraordinary items
  • $0Extraordinary gains - net
  • $922Net income attributable to bank
  • $0Net charge-offs
  • $922Cash dividends
  • $504Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • 0.08%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 3.61%Return on equity (ROE)
  • 3.61%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 170.83%Credit loss provision to net charge-offs
  • 2.13%Efficiency ratio
  • 89,203Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 26.52%Noncurrent assets plus other real estate owned to assets
  • 7.35%Noncurrent loans to loans
  • 7.61%Net loans and leases to deposits
  • 84.66%Net loans and leases to core deposits
  • 117.14%Equity capital to assets
  • 10.23%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 13.73%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $255,117Average earning assets
  • $25,541Average equity
  • $239,725Average loans

List of branches

  • 4 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0428718Paragon National Bank5400 Poplar Avenue, Suite 350, Memphis, TN 38119January 19, 2005Full Service Brick and Mortar
    1445585Fountain Place Branch5400 Poplar Avenue, Suite 150, Memphis, TN 38119October 21, 2005Full Service Brick and Mortar
    3463167Saddle Creek Banking Center Branch7600 Poplar Avenue, Germantown, TN 38138January 23, 2007Full Service Brick and Mortar
    4493574Grove Park Banking Center Branch4515 Poplar Avenue, Memphis, TN 38117December 02, 2008Full Service Brick and Mortar

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