Paramount Bank
Farmington Hills, MI · Owner: Paramount Bcorp Inc
$253M
total assets, September 30, 2010
$253M
total assets, September 30, 2010
Paramount Bank was a state member bank in Farmington Hills, MI, owned by Paramount Bcorp Inc. It failed on Dec 10, 2010, and Level One Bank took over its deposits. At its last report it held $252.7 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2010
This bank failed
- Failed on
- Dec 10, 2010
- Assets
- $253M
- Deposits
- $214M
- Estimated cost
- $68.6M
- Deposits went to
- Level One Bank, Farmington Hills, MI
Total assets
$253M
-10.0% in a year · -6.1% in a quarter
Deposits
$214M
-4.8% in a year · -2.6% in a quarter
Loans
$226M
-8.7% in a year · -6.2% in a quarter
Profit so far
-$10.2M
Jan 1 to Sep 30, 2010
Capital ratio
0.98%
-5.13 pts in a year
Return on assets
-4.98%
-2.36 pts in a year
Facts
- Type
- State member bank
- Head office
- 31000 Northwestern Highway, Farmington Hills, MI, 48334
- County
- Oakland
- Holding company
- Paramount Bcorp Inc
- Established
- Feb 12, 1998
- Failed
- Dec 10, 2010
- Employees
- 36
- Branches
- 5
- Id
- b34673
Quarter by quarter
March 31, 1998 to September 30, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Paramount Bank?
$252.7 million in total assets and $213.6 million in deposits as of September 30, 2010, with assets down 10.0% from a year before. Its loans were $225.8 million.
How many branches does Paramount Bank have?
5 branches in Michigan as of June 30, 2026.
Is Paramount Bank profitable?
No: it lost $10.2 million from January 1 to September 30, 2010. Its return on assets was -4.98% a year; about 1% is typical.
Who owns Paramount Bank?
Paramount Bank is owned by Paramount Bcorp Inc, its holding company.
When did Paramount Bank fail?
Dec 10, 2010. Level One Bank of Farmington Hills, MI took over its deposits. The estimated cost of the failure was $68.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.