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Florida-based bank remains profitable during sluggish economy

Capital Bank Financial Corp. is based in Florida and has reported for the third quarter of 2013 a net income of $11.4 million.  The bank has recently been acquiring a number of other businesses.  

A great part of Capital's success in recent times has come about due to loan originations.  The bank has been able to reduce charge-offs from non-performing loans significantly this past year.  They also saw increases in revenue due to new commercial loans.  One analyst credits the loan growth to "proactive reduction of acquired problem assets."  This same analyst states that Capital can now be more selective when it comes to the area of commercial real estate.

The chief financial officer of Capital stated: "Despite the sluggish economy, we continue to generate new business with top-tier clients, while carefully exiting less-profitable, higher-risk relationships."

Banks sometimes take risks in taking on non-performing assets in hopes that they can collect upon the loans. However, such businesses often need the advice and counsel of experienced commercial law attorneys in hopes that disputes can either be avoided or efficiently dealt with while risks are minimized.

Readers often fail to understand why banks like Capital are in the business of acquiring problem assets to begin with such as real estate or debit and credit cards. Evidenced by the economic downturn in 2007, it must be understood that the real estate market can be quite volatile with real estate disputes often cropping up.

However, as the case of Capital demonstrates, when the market can be negotiated with in an effective manner banks and real estate investment companies can turn a profit.

Source: Winston-Salem Journal, "Update: Capital Bank net income up in third quarter," Richard Craver, Oct. 17, 2013

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