Paragon Commercial

Paragon Commercial Corporation is the holding company for Paragon Bank, serving small and middle-market companies, nonprofits, trade associations, property owners associations, law firms, title companies, and private banking clients in the Raleigh and Charlotte metropolitan markets of North Carolina. The Bank offers online and mobile banking services, business checking, nonprofit checking, certificates of deposit, business debit cards, safe deposit boxes, merchant services, wire transfers and courier service, among others. Paragon Bank also provides a range of wealth management services, including business retirement plans, 401k plans, self-employed retirement plans, buy sell agreements, and succession and exit planning. In addition, the Bank offers various loans, such as construction and land development loans, commercial real estate loans, commercial and industrial loans, and consumer and other loans.

Employee Rating

3.6More
StateClosed
TypeSubsidiary
Parent CompanyTowneBank
HQRaleigh, US
Founded2001
Websiteparagonbank.com
Cybersecurity ratingAMore
Paragon Commercial was founded in 2001 and is headquartered in Raleigh, US

Viewing summary data as a guest

Sign up for free to see all data

Key People/Management at Paragon Commercial

Robert C. Hatley

Robert C. Hatley

President, North Carolina Region
Phillip R. Jurney

Phillip R. Jurney

Charlotte Market President
Brian K. Reid

Brian K. Reid

Triangle Market President
Carol A. Isaac

Carol A. Isaac

Senior Vice President Human Resources Manager
Show more

Paragon Commercial Office Locations

Paragon Commercial has offices in Raleigh, Cary and Charlotte
Raleigh, US (HQ)
3535 Glenwood Ave
Cary, US
5000 Valleystone Dr #110
Charlotte, US
6337 Morrison Blvd
Show all (3)

Paragon Commercial Financials and Metrics

Summary Metrics

Founding Date

2001
Paragon Commercial is a subsidiary of TowneBank

Paragon Commercial Revenue

Paragon Commercial's revenue was reported to be $1.29 m in FY, 2016
Annual
USDFY, 2016

Revenue

1.3m

Sales and marketing expense

871.0k

R&D expense

1.1m

Operating expense total

4.6m
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

381.0k438.0k503.0k494.0k274.0k

Sales and marketing expense

234.0k239.0k221.0k297.0k228.0k

R&D expense

279.0k270.0k530.0k580.0k547.0k

Operating expense total

1.1m1.2m1.5m1.6m1.4m
Annual
USDFY, 2016

Accounts Receivable

4.4m

Total Assets

1.5b

Accounts Payable

6.0m

Short-term debt

18.6m
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

100.1m73.7m56.5m17.6m83.4m

Accounts Receivable

1.1b1.2b1.2b1.3b1.4b

PP&E

16.1m15.9m15.4m15.2m15.3m

Total Assets

1.5b1.5b1.6b1.6b1.7b
Annual
USDFY, 2016

Net Income

13.4m

Depreciation and Amortization

1.4m

Cash From Operating Activities

13.5m

Cash From Investing Activities

(211.8m)
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

6.3m9.8m3.4m6.6m10.8m

Depreciation and Amortization

711.0k1.1m359.0k704.0k1.0m

Cash From Operating Activities

7.3m10.5m4.2m7.5m14.2m

Purchases of PP&E

(402.0k)(497.0k)(137.0k)(296.0k)(662.0k)
USDQ2, 2016

Revenue/Employee

2.7k

Debt/Equity

1.5 x

Debt/Assets

0.1 x

Financial Leverage

11 x
Show all financial metrics

Paragon Commercial Operating Metrics

FY, 2014FY, 2015Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$420 k$513 k$1.22 m$948 k$968 k$500 k$492 k

Total Loans

$868.41 m$1.02 b$1.10 b$1.16 b$1.19 b$1.23 b$1.34 b
Show all operating metrics

Paragon Commercial Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Paragon Commercial Online and Social Media Presence

Embed Graph

Paragon Commercial Frequently Asked Questions

  • When was Paragon Commercial founded?

    Paragon Commercial was founded in 2001.

  • Who are Paragon Commercial key executives?

    Paragon Commercial's key executives are Robert C. Hatley, Phillip R. Jurney and Brian K. Reid.

  • How many employees does Paragon Commercial have?

    Paragon Commercial has 144 employees.

  • What is Paragon Commercial revenue?

    Latest Paragon Commercial annual revenue is $1.3 m.

  • What is Paragon Commercial revenue per employee?

    Latest Paragon Commercial revenue per employee is $9 k.

  • Who are Paragon Commercial competitors?

    Competitors of Paragon Commercial include Citi, Provident Financial Services and United Security Bancshares.

  • Where is Paragon Commercial headquarters?

    Paragon Commercial headquarters is located at 3535 Glenwood Ave, Raleigh.

  • Where are Paragon Commercial offices?

    Paragon Commercial has offices in Raleigh, Cary and Charlotte.

  • How many offices does Paragon Commercial have?

    Paragon Commercial has 3 offices.