PARKE BANCORP, INC.

Listed Company

PKBKCIK 0001315399NasdaqAcceleratedSmaller ReportingState Commercial BanksNew JerseyFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$37.77M

Total Assets

$2.25B

Equity

$324.52M

Shares Out

11.84M

Op. Cash Flow

$39.55M

Business

PARKE BANCORP, INC. is a bank holding company that owns and oversees Parke Bank, providing commercial banking services to individuals and businesses. It offers loan products, deposit accounts, consumer lending, construction and commercial real estate financing, debit cards, internet banking and online bill payment. Its core business segments include commercial real estate lending, residential mortgage lending, construction lending, commercial and industrial loans, consumer loans, investment securities and deposit funding, and it also provides banking services to state‑licensed cannabis businesses. The company serves Southern New Jersey, the Philadelphia area, New York and select expanded markets, distributing services through retail branches, brokered deposit relationships and digital channels.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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