Paragon Financial Solutions, Inc. (PGNN)

PGNN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005
Period Ending	Mar 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005
Interest Income on Loans	15.46	15.32	10.82	3.55
Interest Income on Investments	3.89	3.43	2.65	1.01
Total Interest Income	19.34	18.75	13.47	4.56
Interest Paid on Deposits	9.87	9.57	5.89	1.61
Interest Paid on Borrowings	0.97	0.88	1.38	0.38
Total Interest Expense	10.84	10.45	7.27	1.99
Net Interest Income	8.51	8.3	6.2	2.57
Net Interest Income Growth (YoY)	22.97%	33.94%	141.10%	-
Gain (Loss) on Sale of Investments	0.41	0.15	-0.09	-
Other Non-Interest Income	0.25	0.2	0.11	0.03
Total Non-Interest Income	1.4	1.09	0.33	0.21
Non-Interest Income Growth (YoY)	217.11%	229.57%	55.59%	-
Revenues Before Loan Losses	9.91	9.39	6.53	2.78
Provision for Loan Losses	1.23	1.2	0.79	1.43
Revenue	8.68	8.19	5.74	1.35
Revenue Growth (YoY)	32.36%	42.55%	325.22%	-
Salaries and Employee Benefits	5.01	4.72	3.61	2.63
Selling, General & Administrative	3.04	3.01	2.39	1.6
Other Non-Interest Expense	1.1	1.02	0.77	0.67
Total Non-Interest Expense	9.15	8.76	6.77	4.9
EBT Excluding Unusual Items	-0.47	-0.57	-1.03	-3.54
Pretax Income	-0.47	-0.57	-1.03	-3.54
Net Income	-0.47	-0.57	-1.03	-3.54
Net Income to Common	-0.47	-0.57	-1.03	-3.54
Basic Shares Outstanding	3	3	3	2
Diluted Shares Outstanding	3	3	3	2
Shares Change (YoY)	10.84%	20.71%	24.88%	-
EPS (Basic)	-0.14	-0.17	-0.37	-1.61
EPS (Diluted)	-0.14	-0.17	-0.37	-1.61

Source: S&P Global Market Intelligence. Banks template. Financial Sources.