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CapitalMark Increases Net Income 104% Over Same Quarter Last Year

Chattanooga, Tennessee – April 24, 2014 – CapitalMark Bank & Trust today reported earnings for the first quarter ended March 31, 2014. Net income for the quarter was $1.7 million, which doubled from the first quarter of 2013. Net income per fully diluted common share also doubled from the same period last year to $0.21.

“CapitalMark had another quarter of strong results fueled by exceptional loan growth of 31.4% year-over-year. With a record $883 million in total assets, we continue to build core earnings capacity and an operating profile that positions CapitalMark to become a $1 billion bank,” said R. Craig Holley, CapitalMark’s Chairman, President and CEO.

  • Net Income was $1.7 million for the first quarter 2014, increasing 103.7% year-over-year.
  • Net Income per fully diluted common share was $0.21 for the quarter representing a 110.0% increase year-over-year. 
  • Loans increased $148 million over the same period last year totaling $620 million at quarter end.
  • Deposits increased to $751 million, or 10.2% year-over-year.
  • Non-interest bearing deposits grew 44.3% year-over-year and comprise 16.8% of total deposits. 
  • Total Assets grew to $883 million, or 11.8% over the first quarter 2013. 
  • Total Operating Revenue grew $1.17 million or 16.4% year-over-year.
  • Tier 1 Leverage Ratio was 10.44%.
  • Non-interest expense decreased 1.1% when compared to the fourth quarter 2013.
  • Ratio of Past Due Loans > 30 Days to Total Loans was 0.25%.

About CapitalMark Bank & Trust:

CapitalMark Bank & Trust is a full-service commercial bank with four private client offices throughout East Tennessee including Chattanooga, Cleveland, Knoxville and Oak Ridge. CapitalMark’s Banker Teams serve the needs of privately owned businesses, their owners and managers, as well as professionals, executives and their families. Services offered include mortgage and trust and wealth management. For more information, please visit:

Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based upon management’s belief as well as assumptions made by, and information currently available to, management pursuant to “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Our actual results may differ materially from the results anticipated in forward-looking statements due to a variety of factors, including governmental monetary and fiscal policies, deposit levels, loan demand, loan collateral values, securities portfolio values, interest rate risk management, the effects of competition in the banking business from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market funds and other financial institutions operating in our market area and elsewhere, including institutions operating through the Internet, changes in governmental regulation relating to the banking industry, including regulations relating to branching and acquisitions, failure of assumptions underlying the establishment of reserves for loan losses, including the value of collateral underlying delinquent loans, and other factors. We caution that such factors are not exclusive. We do not undertake to update any forward-looking statement that may be made from time to time by, or on behalf of, us.


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