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CapitalMark Earnings Jump 14% 

Chattanooga, Tennessee – July 28, 2011 – CapitalMark Bank & Trust today reported net income per fully diluted common share was $0.14 for the quarter ended June 30, 2011, compared to $0.12 for the quarter ended June 30, 2010.

“We continue to report positive results in the face of on-going economic and regulatory uncertainties. Our strong capital position and top-performing banker teams are key ingredients fueling our success. We continue to outperform our peers – a group of 147 banks nationwide which opened in 2007,” said R. Craig Holley, CapitalMark’s Chairman, President and CEO. Holley also noted, “CapitalMark maintains a 5-Star rating from BauerFinancial for strength, stability and performance which underscores our conservative approach in managing our capital.”

SECOND QUARTER HIGHLIGHTS:

·         Net Income for the three months ended was $947 thousand increasing 13.95% over the second quarter 2010.

·         Total Assets were $488 million representing an 18.72% increase year-over-year.

·         Deposits totaled $427 million, a 20.61% increase over second quarter 2010. 

·         Loans were $320 million, a 0.19% increase year-over-year.

·         Tier 1 Leverage Ratio was 10.38% compared to 10.12% in the prior quarter.

·         Non-Performing Assets to Total Assets Ratio compares favorably to peers at 1.94%. 

Mr. Holley said, “Although loan growth remained flat, we recorded an increase in deposits of over 20%.” Related to credit quality metrics, he stated, “Although non-performing assets as a percentage of total assets is higher than we would like, we continue to compare favorably to our peers.” 

About CapitalMark Bank & Trust:

CapitalMark Bank & Trust offers a wide range of banking and trust services to businesses and individuals. Founded March 5, 2007, CapitalMark has locations in Chattanooga and Knoxville. Additional information about CapitalMark and its full line of products and services can be found at www.capitalmark.com.

 

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