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Paradise Bank Posts Record Earnings for Third Straight Year
BOCA RATON, FLA. Paradise Bank, a community bank based in Boca Raton, Florida, reported net income of $5.1 million for 2012, $5.7 million for 2013, and another record $6.0 million for 2014. With total assets averaging over $305 million, Paradise Bank’s return on average assets for 2014 was 1.96%, which places Paradise Bank among the highest performing banks in the country. Paradise Bank's return on equity was 19.80% for 2014. Click here to read the article
Paradise Bank raises $4.3M in capital growth
Paradise Bank wants to place its loans on a bigger piece of paradise after it raised $4.3 million in capital from stock sales in the third quarter. Click here to read the article.
Paradise Bank - The Best of the Best
ICBA’s top-performing community banks work smart, embrace change and focus on the fundamentals. Click here to read the article.
Click on Paradise Bank under section 4 on the list of top community banks..
Press Release - PARADISE BANK REPORTS ANOTHER OUTSTANDING YEAR!
Boca Raton, Florida - After finishing 2012 with a record net income of $5.1 million in net earnings, Paradise Bank is reporting another record year with net income of $5.7 million for 2013. Click here to read the article.
Paradise Bank is the Highest Performing Bank in the Gold Coast Region
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Paradise Bank is named top SBA Lender in South Florida...
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As you can see from the below article, Paradise Bank continues its trend of superior performance and highly sought after and delivered superior customer service. The attached article recognizes Paradise Bank as one of the highest performing banks in the country for its size. Our performance continues based upon our March 31, 2014 first quarter numbers listed below:
|1st Quarter 2013||1st Quarter 2014|
|Return on Average Earning Assets|
|Return on Average Equity|
Our loan quality also continues its superior trends. As you will see below, our non-performing loans are much less than our peers and our Allowance for Loan Loss Reserve coverage ratio is much higher than our peers.
|Peer Avg.||Paradise Bank|
|A. Allowance for Loan Loss Reserve|
|B. Non-Performing Assests to Total Assets|
|C. Coverage Ratio (A ÷ B)|
“We continue to provide superior service to our customers and we very much appreciate this recognition by a renown national banking organization such as Independent Community Bankers of America (ICBA)”, said Ward Kellogg, CEO and Chairman of Paradise Bank. “Our team consisting of all our associates, board members, shareholders, and great customers continue to work tirelessly together to build a long-standing community bank that supports and contributes to the economic vitality of the south Florida economy,” said Bill Burke, President and COO Paradise Bank.
Paradise Bank is a full service community bank headquartered in Boca Raton, Florida offering FDIC insured deposit accounts, commercial loans, Small Business Administration (SBA) loans, residential mortgages, estate planning services, property and casualty insurance also with offices in Fort Lauderdale and Delray Beach.
If you have questions or would like to refer yourself or friends to this banking world we call Paradise, simply contact us at 561-392-5444.
|William J. Burke||Ward Kellogg|