CapitalMark boosts profits
CapitalMark Bank & Trust boosted its third-quarter earnings by more than 5.4 percent over a year ago to $604,785.
The 4-year-old Chattanooga bank increased deposits in the past year by more than 34 percent to $505 million while raising its loan volume by 3.3 percent to $336 million.
Nonperforming loans fell in the past year, and the bank said its capital ratios remained well above the industry norms.
“We are pleased to report increased earnings despite protracted challenges for the banking industry,” CapitalMark CEO Craig Holley said.