Paragon Bank & Trust
Holland, MI — Domestic Branch of a Domestic Bank
Acquired Mar 2010
Vitals
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Total Assets106.8M -0.5 %
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Total Deposits95.4M 3.2 %
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Total Net Loans63.4M -25.3 %
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Net Income
-
Book Value6.8M -30.0 %
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Book Value x213.7M -30.0 %
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Book Value x320.5M -30.0 %
Balance Sheet Highlights
| Financial Highlights | Paragon Bank & Trust | All Insured Commercial Banks in Michigan |
| Balance Sheet $(000) | ||
| Total Assets | 106,751 | 227,931 |
| Total Net Loans | 63,402 | 170,414 |
| Total Deposits | 95,369 | 188,329 |
| Total Equity | 6,837 | 20,516 |
| Profitability | ||
| Net Income | — | 1,532 |
| Return on Average Assets | — | 1.083 |
| Return on Average Equity | — | 6.498 |
| Net Interest Margin | 2.003 | 3.772 |
| Efficiency Ratio | 167.635 | 82.058 |
| Noninterest Income/Revenue | 22.455 | 21.728 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 66.481 | 84.903 |
| Securities/Assets | .004 | .328 |
| Total Equity/Total Assets | .064 | .09 |
| Tangible Equity/Tangible Assets | .049 | .039 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 5,087 | 19,197 |
| Tier 2 Capital | 940 | 2,415 |
| Total Capital | 6,027 | 21,296 |
| Total Risk Weighted Assets | 72,556 | 168,805 |
| Leverage Ratio | 4.86 | 9.255 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 7.01 | 13.202 |
| Total Capital Ratio | 8.31 | 14.446 |
Timeline for Paragon Bank & Trust
Talmer West Bank
Paragon Bank & Trust was acquired by Talmer West Bank 14 years
View Profile Mar 31 2010
Financial Commerce Corporation
Financial Commerce Corporation became a new parent organization for Paragon Bank & Trust.
View Profile Jul 01 2008
Capitol Wealth Insurance Agency, Inc.
Capitol Wealth Insurance Agency, Inc. became a new subsidiary organization for Paragon Bank & Trust.
View Profile Jun 22 2004
Capitol Bancorp Ltd.
Capitol Bancorp Ltd. became a new parent organization for Paragon Bank & Trust.
View Profile Jun 30 1994
Paragon Bank & Trust
Paragon Bank & Trust was established 33 years ago and is currently headquartered in Holland, MI.
Sep 24 1990
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Talmer West Bank | Buyer | 793,986 | Pooling of Interests | Discontinued | 3/31/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Capitol Bancorp Ltd. | Parent | 3/31/2009 | 3/30/2010 |
| Financial Commerce Corporation | Parent | 7/1/2008 | 3/30/2009 |
| Capitol Bancorp Ltd. | Parent | 6/30/1994 | 6/30/2008 |
| Financial Center Corporation | Parent | 9/24/1990 | 6/29/1994 |
| Capitol Wealth Insurance Agency, Inc. | Subsidary | 6/30/2007 | 3/30/2010 |
| Capitol Wealth Insurance Agency, Inc. | Subsidary | 6/22/2004 | 6/29/2007 |
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