CapitalMark Bank & Trust boosted its second quarter earnings by nearly 66 percent in the second quarter to a record high $2.7 million.
As it prepares to merge this fall with the Nashville-based Pinnacle Financial Partners, CapitalMark said its loans grew by 32 percent and deposits were up 34 percent from a year ago. CapitalMark, which was started in 2007, grew its assets above $1 billion for the first time this spring.
"As this is likely the last quarter CapitalMark will report earnings, it is especially rewarding to post these outstanding results," CapitalMark CEO Craig Holley said.
For the first half of 2015, CapitalMark's net income grew 51 percent to $5 million.