Paragon Financial Solutions, Inc. (PGNN)

PGNN Balance Sheet

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
Cash & Equivalents	5.58	4.07	3.38	2.41
Investment Securities	16.8	16.88	23.07	18.94
Mortgage-Backed Securities	73.27	69.03	29.98	19.79
Total Investments	90.07	85.91	53.06	38.74
Gross Loans	218.12	216.62	170.59	106.39
Allowance for Loan Losses	-3.21	-3.09	-2.22	-1.43
Other Adjustments to Gross Loans	-	-	-	-0.04
Net Loans	214.91	213.53	168.37	104.92
Property, Plant & Equipment	4.99	5.08	5.65	4.28
Loans Held for Sale	2.54	0.53	0.53	0.12
Accrued Interest Receivable	2.51	2.17	1.61	1.14
Other Real Estate Owned & Foreclosed	1.84	1.82	-	-
Other Long-Term Assets	2	1.75	1.19	0.6
Total Assets	324.45	314.84	233.79	152.2
Interest Bearing Deposits	232.47	117.98	93.73	63.55
Institutional Deposits	-	98.91	67.26	37.22
Non-Interest Bearing Deposits	20.18	19.59	15.43	7.74
Total Deposits	252.65	236.48	176.43	108.51
Short-Term Borrowings	17.62	39.85	26.08	24.66
Accrued Interest Payable	2.96	2.24	1.63	0.82
Federal Home Loan Bank Debt, Long-Term	20	6	-	-
Other Long-Term Liabilities	-	0.49	0.3	0.1
Total Liabilities	293.22	285.06	204.44	134.09
Common Stock	16.67	16.67	16.58	11.59
Additional Paid-In Capital	18.92	18.85	18.49	11.57
Retained Earnings	-6.04	-6.07	-5.5	-4.47
Comprehensive Income & Other	1.69	0.34	-0.23	-0.59
Shareholders' Equity	31.23	29.78	29.35	18.11
Total Liabilities & Equity	324.45	314.84	233.79	152.2
Total Debt	37.62	45.85	26.08	24.66
Net Cash (Debt)	-32.04	-41.78	-22.71	-22.25
Net Cash Per Share	-9.63	-12.58	-8.25	-10.10
Filing Date Shares Outstanding	3.33	3.33	3.32	2.32
Total Common Shares Outstanding	3.33	3.33	3.32	2.32
Book Value Per Share	9.37	8.94	8.85	7.81
Tangible Book Value	31.23	29.78	29.35	18.11
Tangible Book Value Per Share	9.37	8.94	8.85	7.81

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