Parke Bank in Sewell, New Jersey (NJ), PA
Overview, Financial Summary, Detailed Financial Reports, Branches

Parke Bank - Overview

  • General
  • FDIC Certificate #: 34888
    Status: Active
    Federal Reserve ID: 2764212
    Bank Holding Company (Regulatory Top Holder): Parke Bancorp, Inc (RSSDID: 3347292, Location: Sewell, NJ)
    Date Established: January 28, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: Yes)
    FDIC's unique #: 61951
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 28, 1999
    Last Structure Change Effective Date: July 17, 2006
    Last Structure Change Process Date: September 20, 2006
    Last Data Update: September 20, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 Delsea Drive, Sewell, NJ 8080
    County: Gloucester
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • History of Changes
  • Participated in Reorganization
  • Financial Summary
  • Total assets: $790.4 mil
    Equity capital: $90.0 mil
    Deposits held in domestic offices: $635.2 mil
    Return on assets (ROA): 1.03% ($8.1 mil)
    Quarterly return on assets: 0.77% ($6.1 mil)
    Return on Equity (ROE): 8.97% ($8.1 mil)
    Quarterly return on equity: 6.70% ($6.0 mil)
    Net income: $7.8 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.76% ($13,911.1 mil)
    Quarterly Pretax return on assets: 1.24% ($9,801.0 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 59Total employees (full-time equivalent)
  • $790,405Total assets
  • $110,228Cash and due from depository institutions
  • $108,441Interest-bearing balances
  • $24,549Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $606,019Net loans & leases
  • $19,323Loan loss allowance
  • $0Trading account assets
  • $4,122Bank premises and fixed assets
  • $19,410Other real estate owned
  • $0Goodwill and other intangibles
  • $790,405Life insurance assets
  • $26,077All other assets
  • $700,307Total liabilities and capital
  • $635,237Total liabilities
  • $603,709Total deposits
  • $635,237Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 10000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $50,607Trading liabilities
  • $0Other borrowed funds
  • $4,463Subordinated debt
  • $90,098All other liabilities
  • $90,049Total equity capital
  • $90,049Total bank equity capital
  • $0Perpetual preferred stock
  • $11,777Common stock
  • $40,401Surplus
  • $37,871Undivided profits
  • Memoranda
  • $49Noncurrent loans and leases
  • $225Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $44,459Income earned, not collected on loans
  • $0Earning assets
  • $3,039Long-term assets (5+ years)
  • $739,009Average Assets, year-to-date
  • $316,256Average Assets, quarterly
  • $757,194Volatile liabilities
  • $778,559Insider loans
  • $640,102FHLB advances
  • $753,038Loans and leases held for sale
  • $5,541Unused loan commitments
  • $5,541Tier 1 (core) risk-based capital
  • $90,676Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $53,354Restructured Loans and leases
  • $23,928Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $41,308Total interest income
  • $8,974Total interest expense
  • $32,334Net interest income
  • $10,450Provision for loan and lease losses
  • $4,854Total noninterest income
  • $0Fiduciary activities
  • $221Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,633Additional noninterest income
  • $12,331Total noninterest expense
  • $5,537Salaries and employee benefits
  • $1,006Premises and equipment expense
  • $5,788Additional noninterest expense
  • $14,407Pre-tax net operating income
  • -$129Securities gains (losses)
  • $5,523Applicable income taxes
  • $8,755Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,823Net income attributable to bank
  • $932Net charge-offs
  • $8,755Cash dividends
  • $5,916Sale, conversion, retirement of capital stock, net
  • $1,600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.84%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.57%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 1.74%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 8.97%Return on equity (ROE)
  • 7.13%Retained earnings to average equity (YTD only)
  • 0.94%Net charge-offs to loans
  • 176.64%Credit loss provision to net charge-offs
  • 4.20%Efficiency ratio
  • 33,159Assets per employee
  • 13.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.45%Loss allowance to loans
  • 3.09%Loss allowance to noncurrent loans
  • 43.46%Noncurrent assets plus other real estate owned to assets
  • 8.08%Noncurrent loans to loans
  • 7.11%Net loans and leases to deposits
  • 95.40%Net loans and leases to core deposits
  • 103.31%Equity capital to assets
  • 11.39%Core capital (leverage) ratio
  • 12.04%Tier 1 risk-based capital ratio
  • 14.17%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $757,194Average earning assets
  • $87,254Average equity
  • $707,069Average loans

List of branches

  • 5 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061951Parke Bank601 Delsea Drive, Sewell, NJ 8080January 28, 1999Full Service Brick and Mortar
    1418607Washington Township Branch567 Egg Harbor Road At Hurffville Cross Keys Road, Sewell, NJ 8080Febuary 18, 2003Full Service Brick and Mortar
    2419744Northfield Office Branch501 Tilton Road, Northfield, NJ 8225September 25, 2002Full Service Brick and Mortar
    3455075Millville Loan Production Office411 North High Street, Millville, NJ 8332August 01, 2006Limited Service Loan Production
    5512304Galloway Branch67 E Jimmie Leeds Rd, Galloway, NJ 8205May 19, 2010Full Service Brick and Mortar
  • 1 Pennsylvania Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4455078Spruce Street Branch1610 Spruce Street, Philadelphia, PA 19103July 17, 2006Full Service Brick and Mortar

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