Summary - Funding Rounds

Founding Date

2001
Paragon Commercial is a subsidiary of TowneBank

Paragon Commercial Income Statement

Annual

USDFY, 2016

Revenue

1.3m

Sales and marketing expense

871.0k

R&D expense

1.1m

Operating expense total

4.6m

Interest expense

8.1m

Pre tax profit

19.9m

Income tax expense

6.5m

Net Income

13.4m

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

Depreciation and amortization

359.0k

Interest expense

2.0m2.1m2.3m2.5m3.0m

Pre tax profit

5.2m5.0m5.1m5.0m6.3m

Income tax expense

1.7m1.6m1.7m1.7m2.2m

Net Income

3.5m3.5m3.4m3.3m4.2m

Paragon Commercial Balance Sheet

Annual

USDFY, 2016

Accounts Receivable

4.4m

Total Assets

1.5b

Accounts Payable

6.0m

Short-term debt

18.6m

Long-term debt

150.0m

Total Debt

168.6m

Total Liabilities

1.4b

Additional Paid-in Capital

80.1m

Retained Earnings

58.8m

Total Equity

136.1m

Debt to Equity Ratio

1.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

11 x

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

Total Debt

193.6m118.6m18.6m288.6m278.6m

Total Liabilities

1.3b1.3b1.4b1.5b1.6b

Common Stock

43.0k44.0k44.0k44.0k44.0k

Additional Paid-in Capital

79.8m80.0m80.3m80.7m80.8m

Retained Earnings

51.7m55.1m62.1m65.4m69.6m

Total Equity

131.7m135.0m140.1m145.3m149.1m

Debt to Equity Ratio

1.5 x0.9 x0.1 x2 x1.9 x

Debt to Assets Ratio

0.1 x0.1 x0 x0.2 x0.2 x

Financial Leverage

11 x11 x11.1 x11.3 x11.7 x

Paragon Commercial Cash Flow

Annual

USDFY, 2016

Net Income

13.4m

Depreciation and Amortization

1.4m

Cash From Operating Activities

13.5m

Cash From Investing Activities

(211.8m)

Cash From Financing Activities

185.8m

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)

Cash From Investing Activities

(103.9m)(154.6m)(32.8m)(156.9m)(200.9m)

Cash From Financing Activities

141.2m162.2m42.0m123.9m227.1m

Net Change in Cash

44.6m18.2m13.5m(25.4m)40.4m

Income Taxes Paid

Paragon Commercial Ratios

USDQ2, 2016

Revenue/Employee

2.7k

Debt/Equity

1.5 x

Debt/Assets

0.1 x

Financial Leverage

11 x

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

Paragon Commercial Employee Rating

3.615 votes
Culture & Values
4
Work/Life Balance
3.9
Senior Management
3.2
Salary & Benefits
3.9
Career Opportunities
3.4
Source