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423 756 7878

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865 329 3500

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865 481 7800

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CapitalMark Records 14th Consecutive Quarterly Profit

Chattanooga, Tennessee – July 18, 2012 – CapitalMark Bank & Trust today reported earnings of $1.9 million for the second quarter ended June 30, 2012.

“We are pleased to report our 14th consecutive profitable quarter, a notable achievement in light of the sustained economic and regulatory hurdles facing our industry. Although CapitalMark’s earnings were supported by a one-time securities gain, our pre-tax income excluding the gain reflects growth of 9% for the quarter and 27% year-to-date when compared to the same periods last year. Our continued balance sheet growth places CapitalMark at a record $740 million in total assets. While we maintain steady growth, I want to underscore our conservative management reflected in the bank’s favorable credit quality metrics,” said R. Craig Holley, CapitalMark’s Chairman, President and CEO.

SECOND QUARTER HIGHLIGHTS:

  • Net Income per fully diluted common share was $.25 for the quarter, up from $.14 in the same quarter last year.
  • Net Income includes a one-time securities gain of $1.6 million.
  • Income before securities gain and taxes increased 9.02% over the same quarter last year.
  • Year-to-date Net Income totals $3.4 million.
  • Year-to-date Income before securities gain and taxes increased 27.05% over the six-months ended June 2011.
  • Total Assets were $740 million representing a 51.42% increase year-over-year.
  • Deposits totaled $643 million, a 50.67% increase over the second quarter 2011.
  • Loans were $403 million representing growth of 25.64% year-over-year.
  • Tier 1 Leverage Ratio was 10.31%.
  • Non-Performing Assets to Total Assets Ratio decreased to 0.97% from 1.16% in the prior quarter.
  • Net Charge-offs to Average Loans was .06%.
  • Ratio of Past Due Loans > 30 Days to Total Loans was .01%.

Mr. Holley continued, “With our recently-announced stock offering, investors can purchase CapitalMark stock at $12.50 and share ownership in a successful, locally-based bank. In the midst of unpredictable banking headlines, CapitalMark remains a bright spot offering consistent, positive news. Additional capital will support our expansion into Oak Ridge and Cleveland with the openings of those offices slated for early third quarter. The stock offering memorandum is available from any CapitalMark banker.”

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 and received regulatory approval to open offices in Oak Ridge and Cleveland, TN. Additional information about CapitalMark and its full line of products and services can be found at www.capitalmark.com.

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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