Paragon Bank today announced its 2017 financial earnings, reporting record-breaking revenue and pre-tax income in the fourth quarter of 2017, as well as overall for 2017. The strong numbers were driven by solid loan growth, a healthy net interest margin and continued attention to expense control.
Paragon Bank today announced that its employees volunteered more than 1,531 hours with its Assisting the Community Through Service (ACTS) program in 2017. Through this program, every Paragon employee is granted 40 hours of paid time to support nonprofit organizations in the community.
Paragon Bank is displaying artwork from Concord Academy students in its Saddle Creek Banking Center (7600 Poplar Avenue) throughout the month of December. Concord Academy has been a part of the Memphis community since 1983, with a strong focus on providing the best education and environment to students with learning and social disabilities, through developmental programs that teach social skills and vocational guidance.
Paragon Bank today announced another strong quarter with near-record revenue, increasing $128,000 over the second quarter of 2017 to $4.7 million. For the Small Business Administration’s fiscal year ending September 30, 2017, Paragon was the largest SBA lender headquartered in the Memphis Metropolitan Statistical Area.
Paragon Bank is displaying artwork from Evangelical Christian School students in its Saddle Creek Banking Center (7600 Poplar Avenue) throughout the month of November. ECS has been part of the Memphis community for more than 50 years, bringing academic excellence and faith-based teaching to pre-K through 12th grade students.
Paragon Bank today announced its 2017 second quarter financial earnings, reporting a net income increase of 15 percent over the second quarter of 2016. During the first six months of 2017, net income increased 33 percent compared to the first six months of 2016. Net interest income for the second quarter of 2017 was a record $3.5 million, which was a 16 percent increase over the second quarter of 2016.