Paramount Bank
Headquarters
90 Village Square Shop Ctr
Hazelwood, MO 63042
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2024 Overview
General Bank Information
Paramount Bank is an FDIC insured institution located in Hazelwood, MO. It was founded in 2004 and has approximately $0.09 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 57884 |
| Date Established | 2004 |
| Assets | $ 94.56 million |
| Loans | $ 77.66 million |
| Deposits | $ 81.05 million |
| Capital | $ 9.78 million |
For a more detailed analysis of Paramount Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Paramount Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2059741 |
6.994% |
6.875% 0.63 points $3,885 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.451% |
7.375% 0.75 points $2,400 fees |
$2,211 | Learn More |
NMLS ID: 491986 |
points fees |
Learn More | ||
NMLS ID: 1907 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Paramount Bank
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Branches
Paramount Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
Paramount Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Paramount Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Paramount Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Paramount Bank | U.S. Bank Average |
|---|---|
| 10.27% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, Paramount Bank had $61,000 in non-current loans and $1,039,000 in owned real estate. To cover these potential losses it had $9,781,000 in equity and $925,000 in loans loss reserves. That gives it a Texas Ratio of 10.27%.
Return on Equity
| Paramount Bank | U.S. Bank Average |
|---|---|
| -31.78% | 12.20% |
Paramount Bank has a Return on Equity of -31.78% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Paramount Bank | U.S. Bank Average |
|---|---|
| 10.34% | 10.76% |
Paramount Bank has a Capitalization of 10.34% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Paramount Bank Balance Sheet Analysis
As of December 31, 2023, Paramount Bank had assets of $94,563,000, loans of $77,662,000, and deposits of $81,050,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 6.10 million |
| Interest-bearing balances | $ 6.03 million |
| Total securities | $ 1.37 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 77.66 million |
| Loan loss allowance | $ 0.93 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 1.04 million |
| Goodwill and other intangibles | $ 0.66 million |
| All other assets | $ 6.06 million |
| Total Assets | $ 84.78 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 81.05 million |
| Interest-bearing deposits | $ 77.66 million |
| Deposits held in domestic offices | $ 81.05 million |
| % insured (estimated) | 88.70% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 0.50 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 1.86 million |
| Total Liabilities | $ 84.78 million |
| Shareholders’ Equity | $ 9.78 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 4.69 million |
| Total Interest Expense | $ 2.74 million |
| Net interest income | $ 1.95 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 4.04 million |
| Total non interest expense | $ 10.35 million |
| Pre-tax Net Operating Income | N.A. |
Bank Loan Profile?
The top three loan types in Paramount Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks in Missouri, Paramount Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 62.91 | ✓ | ||
| Multifamily Mortgages |
1.59 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 7.70 | ✓ | ||
| Construction and Development Loans | 1.96 | ✓ | ||
| Commercial Real Estate | 13.55 | ✓ | ||
| Commercial and Industrial Loans | 3.50 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Paramount Bank (6)
Old Man Bob
April 20, 2023 |
This is a true blue community bank. When you call you get people that are able to take action and make decisions. Customer service is number 1. Works great for CDs. They have a nice stand alone building and are not in a strip mall.
Is this review helpful? Yes:0 / No: 0
Klandolt
February 16, 2022 |
Horrible experience with Paramount Bank. Six months after establishing a Business Money Market Account with over $100,000, Paramount Bank decided to drop its interest rate from the promised .50% to .05% with no notice. I thought it must have been a typo when I first saw it on my statement, because I could not believe that any reputable bank could do such a thing to its customers, particularly a large depositor. When I asked why the change was made, the only answer I received was that it was a decision of the Board. Lousy customer service and absolutely no respect for its customers. Recommend that you stay away from this bank!
Is this review helpful? Yes:1 / No: 2
Anthony Speciale Jr.
October 30, 2021 |
The absolute most incompetent group of folks I’ve ever worked with... Tom Russo and his team are an embarrassment to the lending industry. The negligence and lack of attention they exhibit is truly disgusting. If I could give them a negative star rating, I would. Consumers beware, don’t waste your time!
Is this review helpful? Yes:1 / No: 1
OLD MAN TOM
January 10, 2021 |
The bank has it's headquarters in a strip mall so I will be happier earning a little less somewhere else.
Is this review helpful? Yes:2 / No: 4
Leonard P
December 31, 2020 | | Replies 1
I was about to open a CD account with $250,000 but now we have Josh Hawley and I think that there needs to be some repercussions for the people of Missouri for this. This bank is based in MO. I will take my business elsewhere. Sorry, but please elect better leaders next time.
Is this review helpful? Yes:1 / No: 6
jjj999 | Apr 23, 2024
Obviously you don't have 250k, or you wouldn't be dumb enough to invest it all in a cd.
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