Paramount Bank (MO)

Overview / Commentary
622 Emerson Rd., Ste. 325
St. Louis, MO 63141

Paramount Bank (MO) is headquartered in Hazelwood and is the 141st largest bank in the state of Missouri. It is also the 3,251st largest bank in the nation. It was established in 2004 and as of June of 2020, it had grown to 132 employees at 1 location. Paramount Bank (MO)'s money market rates are 14% higher than the national average, and it has a B health rating.

Related Posts

Paramount Bank High-Interest Checking (non-RCA) Is A Rate Leader - 11/20/2020

Paramount Bank's nationally available High-Interest Checking (non-reward checking account) currently earns a top rate on all balances. $100 minimum opening deposit.

Paramount Bank Nationally Available. 0.85% High Interest Checking (NOT A Rewards Acct) - 11/19/2020

 0.85% beats most savings accts! There are NO direct deposit or debit card usage requirements to receive the rate. No out-of-network ATM fees, and they'll reimburse you up to 20 out of network fees PER MONTH. The minimum balance to avoid a maintenance fee is, I kid you not, $1.  Ken reviewed this MO bank twice this year, on 1/30, when the APY was 1.75% and on 6/4, when it was 1.00%. As always, anyone that posts this deal on their own website should credit DA for the find. This means you, Anthony Nguyen.

Paramount Bank Competitive 6-Month CD Available Nationwide - 6/4/2020

Paramount Bank's nationally available 6-month CD currently earns 1.25% APY. Minimum opening deposit is $1k. Also available as an IRA CD.

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Health Grade Components

FDIC Certificate #57884
Year Established2004
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD3.14%
Return on Equity - YTD40.19%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$171.3MM$84.1MM
LoansQ2 2020vs Q2 2019$143.6MM$69.0MM
DepositsQ2 2020vs Q2 2019$100.2MM$36.5MM
Equity CapitalQ2 2020vs Q2 2019$12.2MM$9.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$588.00K$237.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$0
Real Estate OwnedQ2 2020vs Q2 2019$2.0MM$2.0MM
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Paramount Bank (MO) Savings Account Rates

0.15%--Personal Statement Savings
0.15%--Minor Savings

Paramount Bank (MO) Money Market Rates

0.75%--Business Money Market
0.50%--Money Market Deposit

Paramount Bank (MO) Checking Account Rates

0.85%--High-Interest Checking

Paramount Bank (MO) CD Rates

0.75%$1k-18 Month CD
0.75%$1k-36 Month CD
0.75%$1k-48 Month CD
0.75%$1k-60 Month CD
0.75%$1k-12 Month CD
0.75%$1k-24 Month CD
0.50%$1k-6 Month CD

Paramount Bank (MO) IRA Rates

0.75%$1k-18 Month IRA
0.75%$1k-36 Month IRA
0.75%$1k-48 Month IRA
0.75%$1k-60 Month IRA
0.75%$1k-12 Month IRA
0.75%$1k-24 Month IRA
0.50%$1k-6 Month IRA

Paramount Bank (MO) Locations
Superior Bank90 Village Square Shopping CenterHazelwood, MO 63042

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