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MenuLetter to Our Shareholders
Momentum at Paragon continues. Aided by balance-sheet growth and continued improvement in asset quality, net income for the second quarter was 61% higher than income for the first quarter of this year.
Letter to Our Shareholders
We are pleased to report an increase of approximately 61% in pre-tax earnings for 2013, which demonstrates continued progress, especially in light of the challenging economic environment. The fourth quarter of 2013 marked Paragon’s twelfth consecutive quarter of profitability and the end of the third full year of profitability.