PARKE BANCORP, INC.
Business
Parke Bancorp, Inc. is a bank holding company that owns Parke Bank, a full-service New Jersey-chartered commercial bank. The bank provides personal and business financial services including commercial real estate lending, residential real estate lending, construction lending, commercial and industrial loans, consumer loans, and deposit products such as checking, savings, money market, and time deposits. The bank operates primarily in Southern New Jersey, the Philadelphia area of Pennsylvania, and New York, serving individuals and small to mid-sized businesses through retail branches and other channels.
Summary from 10-K filed 2026-03-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 135 | 118 | 106 | 83 | 81 | |
| Interest and dividends on investments | 921,000 | 1 | 1 | 772,000 | 753,000 | |
| Interest on deposits with banks | 7 | 6 | — | — | — | |
| Total interest income | 143 | 125 | 113 | 87 | 82 | |
| Interest on deposits | 60 | 57 | 41 | 11 | 10 | |
| Interest on borrowings | 6 | 9 | 7 | 3 | 3 | |
| Total interest expense | 66 | 66 | 48 | — | — | |
| Net interest income | 76 | 59 | 64 | 73 | 69 | |
| Provision for credit losses | 2 | 728,000 | — | — | — | |
| Net interest income after provision for credit losses | 74 | 58 | 66 | 72 | 69 | |
| Service fees on deposit accounts | 1 | 1 | 4 | 5 | 6 | |
| Other loan fees | 676,000 | 849,000 | 851,000 | 1 | 1 | |
| Bank owned life insurance income | 740,000 | 655,000 | 737,000 | 568,000 | 575,000 | |
| Other | 759,000 | 1 | 1 | 1 | 942,000 | |
| Total non-interest income | 3 | 4 | 7 | 8 | 9 | |
| Labor and Related Expense | 13 | 13 | 12 | 11 | 10 | |
| Professional services | 3 | 3 | 2 | 2 | 4 | |
| Occupancy and equipment | 3 | 3 | 3 | 3 | 2 | |
| Data processing | 2 | 1 | 1 | 1 | 1 | |
| FDIC insurance and other assessments | 1 | 1 | 1 | 1 | 1 | |
| OREO expense | 649,000 | 835,000 | 839,000 | 493,000 | 287,000 | |
| Other operating expense | 5 | 4 | 14 | 5 | 4 | |
| Total non-interest expense | 28 | 26 | 35 | 24 | 23 | |
| Income before income tax expense | 49 | 36 | 38 | 56 | 55 | |
| Income tax expense | 12 | 9 | 9 | 14 | 14 | |
| Net income attributable to Company | 38 | 28 | 28 | 42 | 41 | |
| Less: Preferred stock dividend | −20,000 | −20,000 | −26,000 | −27,000 | −28,000 | |
| Net income available to common shareholders | 38 | 27 | 28 | 42 | 41 | |
| Basic (in dollars per share) | 3.2 | 2.3 | 2.38 | 3.51 | 3.43 | |
| Diluted (in dollars per share) | 3.16 | 2.27 | 2.35 | 3.44 | 3.36 | |
| Basic (in shares) | 12 | 12 | 12 | 12 | 12 | |
| Diluted (in shares) | 12 | 12 | 12 | 12 | 12 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 8 | 5 | 13 | 27 | 25 | |
| Interest earning deposits with banks | 149 | 217 | 168 | 155 | 571 | |
| Cash and cash equivalents | 157 | 222 | 180 | 182 | 597 | |
| Investment securities available for sale, at fair value | 5 | 6 | 7 | 9 | 13 | |
| Investment securities held to maturity, net of allowance for credit losses | 9 | 9 | 9 | 9 | 10 | |
| Total investment securities | 14 | 15 | 16 | 19 | 23 | |
| Loans, net of unearned income | 2,040 | 1,868 | 1,787 | 1,751 | 1,485 | |
| Less: Allowance for credit losses | −35 | −33 | −32 | −32 | −30 | |
| Net loans | 2,001 | 1,836 | 1,755 | 1,720 | 1,455 | |
| Interest Receivable | 11 | 10 | 9 | 9 | 8 | |
| Premises and equipment, net | 6 | 5 | 6 | 6 | 6 | |
| Restricted stock | 8 | 9 | 8 | 5 | 5 | |
| Bank owned life insurance (BOLI) | 35 | 29 | 28 | 28 | 28 | |
| Deferred tax asset | 11 | 9 | 9 | 10 | 8 | |
| Other real estate owned (OREO) | 3 | 2 | 2 | 2 | — | |
| Other Assets | 5 | 7 | 11 | 5 | 7 | |
| Total Assets | 2,249 | 2,142 | 2,024 | 1,985 | 2,136 | |
| Noninterest-bearing deposits | 197 | 184 | 232 | 353 | 554 | |
| Interest-bearing deposits | 1,562 | 1,447 | 1,321 | 1,223 | 1,215 | |
| Total deposits | 1,759 | 1,631 | 1,553 | 1,576 | 1,768 | |
| FHLBNY borrowings | 130 | 145 | 125 | 83 | 78 | |
| Subordinated debentures | 13 | 43 | 43 | 43 | 43 | |
| Accrued interest payable | 5 | 8 | 4 | 3 | 2 | |
| Accrued Liabilities and Other Liabilities | 18 | 15 | 14 | 14 | 13 | |
| Total liabilities | 1,925 | 1,842 | 1,739 | 1,719 | 1,904 | |
| Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B non-cumulative convertible; 325 shares outstanding at December 31, 2025 and 2024, respectively | 325,000 | 325,000 | 375,000 | 445,000 | 445,000 | |
| Common stock, $0.10 par value; authorized 15,000,000 shares; Issued: 12,425,768 shares and 12,313,489 shares at December 31, 2025 and 2024, respectively | 1 | 1 | 1 | 1 | 1 | |
| Additional paid-in capital | 139 | 138 | 137 | 136 | 135 | |
| Retained earnings | 198 | 168 | 149 | 130 | 98 | |
| Accumulated other comprehensive loss | −200,000 | −337,000 | −404,000 | −526,000 | 245,000 | |
| Treasury stock, 784,522 shares and 484,522 shares at December 31, 2025 and 2024, respectively, at cost | −14 | −7 | −3 | −3 | −3 | |
| Total shareholders equity | 325 | 300 | 284 | 266 | 232 | |
| Total liabilities and shareholders' equity | 2,249 | 2,142 | 2,024 | 1,985 | 2,136 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 508,000 | 571,000 | 464,000 | 646,000 | 687,000 | |
| Increase in value of bank-owned life insurance | −740,000 | −655,000 | −736,000 | −568,000 | — | |
| Gain on sale of SBA loans | 0 | −23,000 | — | — | — | |
| SBA loans originated for sale | 0 | −300,000 | — | — | — | |
| Proceeds from sale of SBA loans originated for sale | 0 | 323,000 | — | — | — | |
| OREO writeoff | 147,000 | 0 | — | — | — | |
| Net accretion of purchase premiums and discounts on securities | −43,000 | −45,000 | −37,000 | −9,000 | 40,000 | |
| Stock based compensation | 293,000 | 336,000 | 397,000 | 349,000 | 230,000 | |
| (Increase) decrease in deferred income tax | −2 | 126,000 | — | — | — | |
| Decrease in accrued interest receivable and other assets | 709,000 | 2 | −5 | −727,000 | −1 | |
| Increase in accrued interest payable and other accrued liabilities | 72,000 | 4 | 917,000 | 2 | −3 | |
| Net cash provided by operating activities | 40 | 35 | 23 | 43 | 39 | |
| Repayments and maturities of investment securities available for sale | 1 | 2 | 2 | 3 | 6 | |
| Repayments and maturities of investment securities held to maturity | 493,000 | 148,000 | 147,000 | 590,000 | 57,000 | |
| Purchase of investment securities | −500,000 | 0 | — | — | — | |
| Bank-owned life insurance additional purchase | −6 | 0 | — | — | — | |
| Net increase in loans | −169 | −81 | −36 | −268 | 79 | |
| Purchases of bank premises and equipment | −595,000 | −119,000 | — | −150,000 | −64,000 | |
| Redemptions of restricted stock | 16 | 7 | — | — | — | |
| Purchases of restricted stock | −16 | −8 | — | — | — | |
| Net cash used in investing activities | −173 | −80 | −35 | −263 | 79 | |
| Cash dividends | −8 | −9 | −9 | −8 | −8 | |
| Proceeds from exercise of stock options | 1 | 706,000 | 33,000 | 406,000 | 201,000 | |
| Treasury stock purchase | −6 | −4 | 0 | — | — | |
| Conversion of Series B preferred stock | 0 | −1,000 | 0 | — | — | |
| Excise tax payment on purchase of treasury stock | −29,000 | 0 | — | — | — | |
| Repayment of sub debt | −30 | 0 | — | — | — | |
| Increase in FHLBNY short-term borrowings | 5 | 95 | −53 | — | — | |
| Decrease in FHLBNY long-term borrowings | −20 | −75 | 95 | — | — | |
| Net increase (decrease) in noninterest-bearing deposits | 12 | −48 | −120 | −201 | 125 | |
| Net increase in interest-bearing deposits | 115 | 126 | 97 | 9 | 51 | |
| Net cash provided by financing activities | 69 | 86 | 10 | −195 | 20 | |
| (Decrease) increase in cash and cash equivalents | −65 | 41 | −2 | −414 | 138 | |
| Interest paid | 70 | 63 | 47 | 13 | 14 | |
| Federal income taxes paid | 8 | 4 | — | — | — | |
| State taxes paid | 832,000 | 582,000 | — | — | — | |
| Loans transferred to OREO | 1 | 0 | 123,000 | 2 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is PARKE BANCORP, INC.'s CIK number?
PARKE BANCORP, INC.'s SEC CIK number is 0001315399 (1315399). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find PARKE BANCORP, INC.'s SEC filings?
All of PARKE BANCORP, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did PARKE BANCORP, INC. last report earnings?
PARKE BANCORP, INC. (PKBK) most recently filed an earnings 8-K with the SEC on Apr 17, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-012624). This is PARKE BANCORP, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is PARKE BANCORP, INC.'s most recent earnings 8-K?
PARKE BANCORP, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 17, 2026 under accession 0001437749-26-012624. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View PARKE BANCORP, INC.'s latest earnings 8-K →
Look up any company's CIK number →