Vitals
  • Total Assets
    252.7M -10.0 %
  • Total Deposits
    213.6M -4.8 %
  • Total Net Loans
    217.1M -9.8 %
  • Net Income
    -10207000.0000
  • Book Value
    2.6M -85.1 %
  • Book Value x2
    5.1M -85.1 %
  • Book Value x3
    7.7M -85.1 %
ROAA

-4.941

ROAE

-159.735

Efficiency Ratio

107.355

Net Interest Margin

2.758

Balance Sheet Highlights
Financial Highlights Paramount Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 252,744 246,114
Total Net Loans 217,114 166,574
Total Deposits 213,550 207,907
Total Equity 2,571 21,641
Profitability
Net Income -10,207 72
Return on Average Assets -4.941 .209
Return on Average Equity -159.735 .769
Net Interest Margin 2.758 3.916
Efficiency Ratio 107.355 74.86
Noninterest Income/Revenue 18.883 14.186
Balance Sheet Ratios
Loan-to-Deposit 101.669 78.758
Securities/Assets .129
Total Equity/Total Assets .01 .088
Tangible Equity/Tangible Assets .01 .085
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 2,571 19,859
Tier 2 Capital 2,571 2,116
Total Capital 5,142 22,004
Total Risk Weighted Assets 206,509 168,028
Leverage Ratio .98 9.32
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 1.24 14.014
Total Capital Ratio 2.49 15.245

Timeline for Paramount Bank

Paramount Bank was acquired by 13 years

Dec 11 2010

Level One Bank

Paramount Bank was acquired by Level One Bank 13 years

View Profile Dec 11 2010

Paramount Bank

Acquisition: Paramount Bank acquired a new subsidiary, Paramount Bank, 15 years

View Profile Dec 31 2008

Varsity Mortgage Limited Liability Corporation

Varsity Mortgage Limited Liability Corporation became a new subsidiary organization for Paramount Bank.

View Profile Nov 17 1999

Paramount Bank

Paramount Bank was established 26 years ago and is currently headquartered in Farmington Hills, MI.

Feb 12 1998

Want to see more?

Complete timeline for Paramount Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Level One Bank Buyer 1,103,254 Failure 12/11/2010
Paramount Bank Seller 24,614 Pooling of Interests Discontinued 12/31/2008
Relationships Role Relationship Start Relationship End
Paramount Bancorp, Inc. Parent 2/12/1998 12/10/2010
Varsity Mortgage Limited Liability Corporation Subsidary 11/17/1999 12/31/1999
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