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Paragon News









Paragon Hosts Westminster Academy Student Art

Published on March 07, 2016

Paragon Bank is currently displaying artwork from Westminster Academy students in its Saddle Creek Banking Center (7600 Poplar Avenue). Paragon worked with Westminster Art Teacher Jocelyn Collins to coordinate the exhibit, which will be on display until March 31. 

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Paragon Announces Highest Quarterly, Annual Revenue in Record-Breaking 2015

Published on February 19, 2016

Paragon Bank today reported record breaking revenue numbers for both the final quarter of the year and overall annual revenue for 2015. These numbers were met with a 14.2 percent increase in gross loans, a 111.7 percent increase in noninterest income and a 55 percent decrease in nonperforming assets. Additionally, the Small Business Capital Group, based in Atlanta, closed $40.5 million in loans during its first full year in operation.

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2015 Fourth Quarter Shareholder Letter

Published on February 04, 2016

Dear Fellow Shareholder:

2015 was a record-breaking year for Paragon Bank.  Some record-breaking highlights include:

·       Paragon had its highest quarterly revenue during the fourth quarter and the highest annual revenue for the year 2015.

·       Loan volumes at December 31, 2015, were the highest in Paragon’s eleven-year history.

·       The net interest margin for 2015 was the highest in Paragon’s history.  We believe we are well positioned for future increases in interest rates.

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Paragon Expands Private Banking Team

Published on December 16, 2015

Paragon Bank has appointed Julia Sledge as Portfolio Manager for Private Banking. Sledge will report to Wayne Littleton, Senior Vice President and Manager of Private Banking.Paragon Bank has appointed Julia Sledge as Portfolio Manager for Private Banking. Sledge will report to Wayne Littleton, Senior Vice President and Manager of Private Banking.Paragon Bank has appointed Julia Sledge as Portfolio Manager for Private Banking. Sledge will report to Wayne Littleton, Senior Vice President and Manager of Private Banking.

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Paragon reports revenue record and highest total loans in third quarter

Published on November 12, 2015

Paragon Bank today reported a very successful third quarter of 2015, producing record revenues, the highest total loans in bank history and an improved net interest margin. This record-breaking period stems from a 57 percent drop in nonperforming assets, which are at their lowest levels since 2007, and the continued progress of the Small Business Capital Group (SBCG) based in Atlanta. Due to increases in Small Business Administration (SBA) income, mortgage income and solutions product income, core non-interest income for the first three quarters of 2015 increased 82.3 percent over the same period in 2014 to $910,000.

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2015 Third Quarter Shareholder Letter

Published on November 03, 2015

We are pleased to report a successful 3rd quarter of 2015.  During the quarter the team at Paragon produced a revenue record, the highest total loans in our history, an improved net interest margin, and a 57% drop in nonperforming assets.  Paragon returned to profitability, and with the continued progress of the Small Business Capital Group, we made significant strides toward our goal of sustained above-peer profitability.  Some of the highlights of the 3rd quarter include:  

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