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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 56 437 16,061
MORTGAGES 76 508 18,556
FORECLOSURE NOTICES 8 56 2,461
BUILDING PERMITS 241 876 33,390
BANKRUPTCIES 64 301 10,314
BUSINESS LICENSES 15 125 5,303
UTILITY CONNECTIONS 17 125 6,273
MARRIAGE LICENSES 19 98 3,511