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CapitalMark Records Earnings Increase

Chattanooga, Tennessee – October 27, 2011 – CapitalMark Bank & Trust today reported net income of $604,785 for the quarter, an increase of 5.41% over the third quarter 2010; for the nine-months ended, net income was $2.269 million, increasing 8.62% over the same period last year.

“We are pleased to report increased earnings despite protracted challenges for the banking industry. Our consistent earnings have been supported by balance sheet growth that places CapitalMark at $580 million in total assets,” said R. Craig Holley, CapitalMark’s Chairman, President and CEO.

 THIRD QUARTER HIGHLIGHTS: 

  • Net income per fully diluted common share was $0.08 for the quarter.
  • Total Assets were $580 million, representing a 33.08% increase year-over-year.
  • Deposits totaled $505 million, a 34.37% increase over third quarter 2010.
  • Loans were $336 million, a 3.33% increase year-over-year.
  • Tier 1 Leverage Ratio was 13.21% compared to 10.38% in the prior quarter.
  • Non-Performing Assets to Total Assets Ratio declined to 1.60% from 1.94% in the prior quarter.

Mr. Holley noted, “During the third quarter, CapitalMark closed a transaction securing over $18 million in new capital through the Small Business Lending Fund. We look forward to increasing our loans to our small business clients and continuing to grow our bank. Further, we are extremely pleased with our continued success managing credit quality as we report ratios that consistently 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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