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Paragon Bank Reports 22% Year-Over-Year Increase in Earnings for Second Quarter of 2015

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RALEIGH, N.C.--(BUSINESS WIRE)--Paragon Commercial Corporation (OTCQX: PBNC) today reported for the second quarter ended June 30, 2015 and 2014, net income increased from $2.2 million to $2.7 million, an increase of 22%. This was primarily driven by an increase in net interest income as a result of period over period growth. Fully diluted earnings per share for the same periods in 2015 and 2014 were $0.59 and $0.49, respectively. Earnings for the first six months of 2015 increased 33% to $5.0 m

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