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VOL. 133 | NO. 170 | Tuesday, August 28, 2018

Paragon Bank Sees Near-Record Results in Q2

Special to The Daily News

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Paragon Bank’s second-quarter financial earnings came in 60 percent higher than Q1 2018 and 25 percent higher than in the second quarter last year.

Paragon reported net income of $778,695. The only quarter with a higher net income was the fourth quarter of 2013, when the deferred-tax asset was recognized, according to the bank.

“We are thrilled by last quarter’s performance, which shows our team’s immense dedication to both Paragon and our growing customer base,” Robert Shaw, CEO at Paragon Bank, said in a news release. "As we move further into the second half of the year, we anticipate sustained progress.”

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 140 207 19,653
MORTGAGES 128 196 22,629
FORECLOSURE NOTICES 0 5 2,927
BUILDING PERMITS 0 201 40,205
BANKRUPTCIES 39 101 12,587
BUSINESS LICENSES 16 33 6,407
UTILITY CONNECTIONS 0 50 7,445
MARRIAGE LICENSES 24 47 4,500