# PARAGON BANK
WELLS, MN · FDIC certificate 9772 · asset band <$300M · latest filing 2016-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $27.6M | |
| Deposits | $23.9M | |
| Loans and leases | $21.4M | |
| Total equity | $3.1M | |
| Loans / deposits | 88.53% (p76 of band) | 74.58% |
| Liquid assets / assets | 19.63% (p23 of band) | |
| Uninsured deposits / deposits | 7.90% (p22 of band) | 14.02% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.81% (p49 of band) | |
| FHLB advances / assets | 1.81% | |
| Tier 1 leverage | 11.09% (p56 of band) | 10.79% |
| Unrealized securities loss / equity | 0.74% (p29 of band) | 2.02% |
| AOCI / equity | 0.93% (p47 of band) | |
| ROA (annualized) | 0.91% (p53 of band) | 0.86% |
| Net interest margin | 4.70% (p92 of band) | 3.65% |
| Efficiency ratio | 69.07% (p43 of band) | |
| Noncurrent loans | 0.33% (p35 of band) | 0.67% |
| Net charge-offs (annualized) | 0.19% (p87 of band) | |
| Reserve coverage of noncurrent | 338.57% | |
| Real estate % of loans | 52% | |
| Construction % of loans | 6.36% (p32 of band) | |
| Auto loans | $319,000 (1.49% of loans; DQ 0.63%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -12.5% | |
| Employees | 9 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 2 | losing money |  |
| 2011-09 | 0 |  | reserve under noncurrent, losing money |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | reserve under noncurrent |  |
| 2012-06 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2012-09 | 2 | deposits shrinking, assets shrinking | uninsured deposits leaving |
| 2012-12 | 1 | capital falling | deposits shrinking, assets shrinking |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | deposits shrinking |  |
| 2014-03 | 2 | noncurrent p90, reserve under noncurrent | deposits shrinking |
| 2014-06 | 1 |  | noncurrent p90 |
| 2014-09 | 2 | deposits shrinking |  |
| 2014-12 | 0 |  | reserve under noncurrent, deposits shrinking |
| 2015-03 | 3 | capital falling, noncurrent p90, reserve under noncurrent |  |
| 2015-06 | 0 |  | capital falling, noncurrent p90, reserve under noncurrent |
| 2015-09 | 1 | assets shrinking |  |
| 2015-12 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2016-03 | 4 | noncurrent p90, reserve under noncurrent | uninsured deposits leaving |
| 2016-06 | 3 | uninsured deposits leaving | noncurrent p90, reserve under noncurrent |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-15 [Memphis bank promotes new leaders for its two largest divisions - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxQLXlyTjMxdlkwMUJ1cFBEUjlJTzBCMlQxUFNCWjlQTzRVRzR3VWVPOVYwOGxoUW1TVDEyOTJMVHd6ZlBYbEhpZ1QwX3pEN3l4eHFZT2pWaXlfT2NNQy1jMmp3Umh4VTc2YzEtbEhwTVdMMURfMlU4ZjFIYnZSaEwxRVR3eXZJbEc4WmlPTmJCWEVvdEtSajlkNzJaZEVEMEdTemg0Ui1R?oc=5) · The Business Journals
- 2025-08-29 [Experts Say Appetite for Franchise Lending Remains Strong - franchisetimes.com](https://news.google.com/rss/articles/CBMi7AFBVV95cUxOYWlVbU1WVm9fY1B1M2ZKc1FQZkRLNGxJNlJHeVRLYXlVU0VjVGw3MWY0RTM2aGpmMFJ2ZF96djJPdnBYcGpjc0lJR3VxTmZ6NGdjQ0dQVTdVWGk1QTNOWXNVUkZkMjYyald3azB1cktOaGxQTmt4QnpKdDZGMmM3TDZER1loV19rc01BQk9QbmFTZVl3ejY2a2E0RGdjSnd5T2g2R3VVZUFCZmRLZmM5UzMzZ2pHcFh6S0x6dGhrdjdDVm5MTlNXZldHUk5SMnFBUE5aaDhKRXNQWjZPODZ5b3pzT1FLRmVzM2VvTw?oc=5) · franchisetimes.com
- 2021-11-09 [The Best Banks to Work For — under $3 billion of assets - American Banker](https://news.google.com/rss/articles/CBMikgFBVV95cUxNdUF5Yk9SQXJBSG9LZk45V3RPVElYeXFvTGlmNTJaOWx2NGhXU211TjJlbGlpN3FkSW5IdkVteFZUanRuTEpzV0tTOTUyNS03WDFhRkItUC1SbFRLcDRETkJxZlZVcl9HNXNaRnR5NlpLQnlzejZ4Y0JUbnA3MGJHUXUwaWV0b3BuR2gzSGJUWGEtZw?oc=5) · American Banker
- 2022-03-09 [Memphis-based Paragon Bank expands into its fourth market, North Carolina, opening a branch in Wilmington. - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxQMHJRa0RwejY5Ykx3UG1QV3k3X3RuU09DcG1mQWpoa1JVdWdDTXNLSUZZZlZNT0Utalh2VUJMM0RNLUJJbVpfVU5FekRlVXMza3ZMeW9zQmFUdld2d2U1S2dzU0tiZEo1NTI0YmhpRld4X3pLVTVsOE5mSU9LdVZISzJnMFA1XzNrRGRaM3Fhdl9ZSXk2RHNkUWRtZFBBR1U3ZlFxZS1R?oc=5) · The Business Journals
- 2022-11-07 [Patrick V Hart Obituary Oct 27, 1940 - Mankato Mortuary](https://news.google.com/rss/articles/CBMiX0FVX3lxTFBjdm9pNVdYOEJyc2prOWhSZVdNbF9FMk1mcHB6djU5cGtXMHJpRll1bkYwSF9lbl9aTzlKSGVWR1N6WlkzNEpvSXh6VkdHd3NOSnE1akR3cTNZcjBGbnpB?oc=5) · Mankato Mortuary
- 2022-11-15 [Best Banks to Work For 2022 - American Banker](https://news.google.com/rss/articles/CBMicEFVX3lxTE5odk5Hak9yS1NGMDVac2JGZmt5eWYwbm56RHpnOUEtLS1jMkZ4OEZXMzVYV0Z1RGhHZEFCUjk4bS1LWWR4dFFFejlDd29uQzZ0YUJVZWZrR1hqeDluUjRuOFY0eVBUSVBRMTRENHlOSC0?oc=5) · American Banker
- 2023-10-13 [HR Impact Awards honoree: Pat Thompson with Paragon Bank - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxOUVFrcElVYnlmUnRYVlVEMUQ1TXd2VURtd1NjRk92WmJOVkRaZmZBdkdVZzV0V0FObHZORnVwZU9sZzdnOGg5T3JETUk5emRLd1BhVGxRczE4dlVCNWk5aWhUY1E2dlRyZ2VReEcxcEladjRjSGtucXZ0aGtSc0FhUXZKcmZpcDVTemdhQ3MwTEFwLW1mR19ZMmhKclYySzAy?oc=5) · The Business Journals
- 2024-11-13 [Best Banks to Work For 2024 with less than $3B of assets - American Banker](https://news.google.com/rss/articles/CBMilgFBVV95cUxPYjVyd28wMVBJWUdiREk2VFVnSjJQajhjc1liZjlLT0Z0eXdjak5SLTFHbEU1eWNQZ1NOek11M0RWd2tXVkJQRDJzWWdYNEFqZWZCcEM1eEozX1hFWUxYdXB6bk1SNU1mWGtTSEZXazU1amkzY3ZNTHYxSFdoWkFmX0U3eGtkWVRiQ1FrYTdXendhNl92TlE?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9772 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/44.json (key "9772", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide