Paragon Bank

Paragon Bank is headquartered in Wells and is the 332^nd largest bank in the state of Minnesota. It is also the 6,941^st largest bank in the nation. It was established in 1925 and as of March of 2012, it had grown to 12 employees at 2 locations. Paragon Bank has a 2-star health rating.

Paragon Bank Routing Number: 091215626

Data for Q1 2012

Institution Statistics Paragon Bank FDIC Certificate # 9772 BankRate Report View Year Established 1925 Employees 12 Primary Regulator FDIC Assets and Liabilities Assets $30.12 million Loans $21.28 million Deposits $27.15 million Equity Capital $2.54 million Loan Loss Allowance $510,000 Unbacked Noncurrent Loans $580,000 Real Estate Owned $667,000 Historic Data - March 2011 Assets $30.85 million Equity Capital $2.46 million Loan Loss Allowance $551,000 Unbacked Noncurrent Loans $646,000 Real Estate Owned $396,000 Profit Margin - Quarterly Net Interest Margin 4.97% Return on Assets 0.94% Return on Equity 11.28% Interest Income $382,000

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Paragon Bank had $1.25 million in non-current loans and owned real-estate with $3.05 million in equity and loan loss allowances on hand to cover it. This gives Paragon Bank a Texas Ratio of 40.93% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Paragon Bank increased slightly from 34.59% as of March 31, 2011 to 40.93% as of March 31, 2012, resulting in a negative change of 18.30%. This indicates that the balance sheet and financial strength for Paragon Bank has declined slightly in recent periods. Deposit Growth In the past year, Paragon Bank has decreased its total deposits by -$1.18 million, resulting in -4.17% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Paragon Bank has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Paragon Bank has $30.12 million in assets with $3.05 million in equity, resulting in a capitalization level of 10.12%, which is above average.

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