Company Information

  

Address: 3535 Glenwood Avenue  
City: Raleigh 
State: NC 
Zip Code: 27612 
Telephone: (919) 788-7770 

Description of Business

Primary SIC Code: 6022
(As filed with the SEC)  

Paragon Commercial Corporation (the "Company"), was formed in 2001 to serve as the holding company for Paragon Commercial Bank (the "Bank"). The Company is a bank holding company registered with the Board of Governors of the Federal Reserve System (the "Federal Reserve") under the Bank Holding Company Act of 1956, as amended (the "BHCA"). The Company's principal source of income is dividends declared and paid by the Bank on its capital stock, if any. The Company has no operations and conducts no business of its own other than owning the Bank and two statutory business trusts, Paragon Commercial Capital Trust I and II (the "Trusts"). Accordingly, the discussion of the business which follows concerns the business conducted by the Bank, unless otherwise indicated. The Company completed its initial public offering in June 2016. The Bank was incorporated on May 4, 1999 and began banking operations on May 10, 1999.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20172.68NA21.07
06/20172.54NA20.66
03/20172.69NA19.88
12/20162.68NA16.31

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.17Total Liab/Total Assets0.91
Net Inc/Total Assets0.01Total Liab/Inv Cap1.03
Net Inc/Inv Cap0.01Total Liab/Comm Equity17.06
Pretax Inc/Net Sales0.36Interest Coverage Ratio10.31
Net Inc/Net Sales0.24Curr Debt/Equity1.25
Cash Flow/Net Sales0.24LTD/EquityNA
SG&A/NetSales0.48Total Debt/Equity1.25
Asset Utilization   Liquidity  
Net Receivables Turnover13.59Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E2.72  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 17.09 16.04 15.14 14.78
Cost of Goods Sold 1.60 1.59 1.59 1.62
Selling & Admin Exps 7.28 7.49 7.61 7.01
Operating Income NA NA NA NA
Interest Exp 1.38 0.95 0.73 0.53
Pretax Income 6.34 5.01 5.05 5.42
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 4.17 3.28 3.35 3.62

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 292.99 233.94 256.09 248.85
Receivables - Total 4.84 4.69 4.40 4.37
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 18.70 19.92 20.16 20.38
Total Assets 1,743.93 1,635.57 1,550.03 1,503.77
Liabilities        
Accounts Payable NA NA NA NA
Debt in Current Liabilities 281.06 291.26 119.53 170.17
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 1,594.87 1,490.27 1,409.88 1,367.67
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.04 0.04 0.04 0.04
Retained Earnings 69.56 65.39 62.10 58.75
Treasury Stock NA NA NA NA
Total Stockholders' Equity 149.05 145.29 140.15 136.10
Total Liabilities and Stockholders' Equity 1,743.93 1,635.57 1,550.03 1,503.77

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 6.65 3.30 4.24 2.93
Net Cash Provided by Investing Activities -44.01 -124.08 -32.79 -57.21
Net Cash Provided by Financing Activities 103.22 81.87 42.02 23.57

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201443.497.96--
12/201549.8911.23--
12/201655.4613.392.68
Growth Rates12.9329.71--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17671,76732.37




Report Date : 12/11/2017

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