Parke Bancorp Inc (PKBK) 13.05 $PKBK
Parke Bancorp posts 1Q profit
Automated Insights - Tue Apr 19, 9:39AM CDT
WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Tuesday reported first-quarter net income of $2.6 million.
PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces 10% Stock Dividend
PR Newswire - Tue Apr 19, 9:37AM CDT
Parke Bancorp, Inc. (the "Company"
(NASDAQ: PKBK), the bank holding company of Parke Bank, today announced that the Company's Board of Directors had declared a 10% stock dividend. The stock dividend is payable on May 18, 2016, to stockholders of record as of May 4, 2016.
PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces 2016 First Quarter Earnings
PR Newswire - Tue Apr 19, 9:30AM CDT
Parke Bancorp, Inc. ("Parke Bancorp" (NASDAQ: PKBK), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2016.
PKBK: 13.05 (+0.20)
Parke Bancorp reports Q4 2015 net income of USD9.5m
M2 - Mon Feb 01, 7:40AM CST
Parke Bancorp, Inc. (NASDAQ: PKBK) has reported net income available to common shareholders of USD9.5 million, or USD1.56 per common share and USD1.34 per diluted common share, for the year ended December 31, 2015, compared to USD9.3 million, or USD1.55 per common share and USD1.32 per diluted share, for the year ended December 31, 2014, an increase in net income of 2.4 percent, the company said. For the quarter ended December 31, 2015, net income available to common shareholders was USD2.9 million, or USD0.48 per common share and USD0.40 per diluted common share, compared to net income of USD1.9 million, or USD0.32 per common and USD0.28 per diluted common share for the quarter ended December 31, 2014, an increase in quarterly net income of 54.6 percent. The following is a recap of significant items that impacted the fourth quarter of 2015 compared to the same quarter last year: a USD665,000 increase in net interest income, primarily attributable to higher loan volumes; a USD1.0 million decrease in the provision for loan losses, due to improving credit trends; and a USD766,000 decrease in noninterest expense. At December 31, 2015, Parke Bancorp's total assets increased to USD885.1 million from USD821.7 million at December 31, 2014, an increase of USD63.4 million, or 7.7 percent, primarily due to an increase in loans. Parke Bancorp's total investment securities portfolio increased to USD44.7 million at December 31, 2015 from USD30.3 million at December 31, 2014, an increase of USD14.4 million or 47.4 percent. During the first quarter of 2015, the company purchased USD20.7 million of mortgage-backed securities to bolster on-balance sheet liquidity to fund future growth. The purchase was funded with borrowings from the FHLB. At December 31, 2015, Parke Bancorp had USD13.6 million in nonperforming loans representing 1.8 percent of total loans, a decrease of USD13.3 million or 49.6 percent from USD26.9 million at December 31, 2014. OREO at December 31, 2015 was USD16.6 million, compared to USD20.9 million at December 31, 2014 a decrease of 20.6 percent. OREO consisted of 16 properties, the largest being a condominium development in Absecon, NJ, recorded at USD6.4 million. Nonperforming assets (consisting of nonperforming loans and OREO) represented 3.4 percent of total assets at December 31, 2015 as compared to 5.8 percent of total assets at December 31, 2014. Loans past due 30 to 89 days were USD1.2 million at December 31, 2015, a decrease of USD40,000 from the previous quarter end and a decrease of USD1.7 million from December 31, 2014. At December 31, 2015, Parke Bancorp's total deposits were USD665.2 million, up from USD647.9 million at December 31, 2014, an increase of USD17.3 million or 2.7 percent. Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999. Parke Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small-sized businesses primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania.
PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces Record Earnings For 2015
PR Newswire - Mon Jan 25, 3:10PM CST
Parke Bancorp, Inc. ("Parke Bancorp" (NASDAQ: PKBK), the parent company of Parke Bank, announced its operating results for the quarter and year ended December 31, 2015.
PKBK: 13.05 (+0.20)
Parke Bank Announces Agreement To Sell SBA Subsidiary
PR Newswire - Fri Oct 30, 7:00AM CDT
Parke Bank ("Parke Bank", a wholly owned subsidiary of Parke Bancorp, Inc. (the "Company" (NASDAQ
KBK) today announced that it and its majority-owned subsidiary, 44 Business Capital, LLC ("44BC" had entered into a Purchase and Assumption Agreement (the "Agreement" with Berkshire Hills Bancorp, Inc. and its wholly owned banking subsidiary, Berkshire Bank, to sell the assets of 44BC and certain related assets held by the Bank.
BHLB: 27.12 (+0.60), PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces 2015 Third Quarter Earnings
PR Newswire - Wed Oct 21, 3:10PM CDT
Parke Bancorp, Inc. ("Parke Bancorp" (NASDAQ: "PKBK", the parent company of Parke Bank, announced its operating results for the quarter ended September 30, 2015.
PKBK: 13.05 (+0.20)
Parke Bancorp declares higher dividend
M2 - Mon Sep 28, 4:19AM CDT
The board of directors of Parke Bancorp (NASDAQKBK) authorised a dividend of USD0.07 per share, up from the earlier USD0.06 per share, the company declared on Friday.
PKBK: 13.05 (+0.20)
Parke Bancorp declares higher dividend of USD0.07 per share for quarter
M2 - Fri Sep 25, 3:02AM CDT
Parke Bancorp Inc (NASDAQKBK) released on Thursday a cash dividend of USD0.07 per share for the quarter, as authorised by its board of directors from the earlier USD0.06 per share.
PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces 2015 Second Quarter Earnings
PR Newswire - Wed Jul 22, 3:10PM CDT
Parke Bancorp, Inc. ("Parke Bancorp" (NASDAQ: PKBK), the parent company of Parke Bank, announced its operating results for the quarter ended June 30, 2015.
PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces Cash Dividend Increase
PR Newswire - Thu Jan 29, 3:10PM CST
Parke Bancorp, Inc. (the "Company" (NASDAQ: PKBK) today announced that, beginning with the quarterly cash dividend to be paid in April 2015, the board approved an increase in the dividend rate from $0.05 per share to $0.06 per share. "Our Board of Directors is strongly committed to enhancing shareholder value in our Company. We are able to increase the dividend as a result of the continued strong performance of the Company," remarked Vito S. Pantilione, President and Chief Executive Officer, of the Company.
PKBK: 13.05 (+0.20)
Parke Bancorp posts 1Q profit
Automated Insights - Tue Apr 19, 9:39AM CDT
WASHINGTON TOWNSHIP, N.J. (AP) _ Parke Bancorp Inc. (PKBK) on Tuesday reported first-quarter net income of $2.6 million.
PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces 10% Stock Dividend
PR Newswire - Tue Apr 19, 9:37AM CDT
Parke Bancorp, Inc. (the "Company"
(NASDAQ: PKBK), the bank holding company of Parke Bank, today announced that the Company's Board of Directors had declared a 10% stock dividend. The stock dividend is payable on May 18, 2016, to stockholders of record as of May 4, 2016. PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces 2016 First Quarter Earnings
PR Newswire - Tue Apr 19, 9:30AM CDT
Parke Bancorp, Inc. ("Parke Bancorp"
(NASDAQ: PKBK), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2016. PKBK: 13.05 (+0.20)
Parke Bancorp reports Q4 2015 net income of USD9.5m
M2 - Mon Feb 01, 7:40AM CST
Parke Bancorp, Inc. (NASDAQ: PKBK) has reported net income available to common shareholders of USD9.5 million, or USD1.56 per common share and USD1.34 per diluted common share, for the year ended December 31, 2015, compared to USD9.3 million, or USD1.55 per common share and USD1.32 per diluted share, for the year ended December 31, 2014, an increase in net income of 2.4 percent, the company said. For the quarter ended December 31, 2015, net income available to common shareholders was USD2.9 million, or USD0.48 per common share and USD0.40 per diluted common share, compared to net income of USD1.9 million, or USD0.32 per common and USD0.28 per diluted common share for the quarter ended December 31, 2014, an increase in quarterly net income of 54.6 percent. The following is a recap of significant items that impacted the fourth quarter of 2015 compared to the same quarter last year: a USD665,000 increase in net interest income, primarily attributable to higher loan volumes; a USD1.0 million decrease in the provision for loan losses, due to improving credit trends; and a USD766,000 decrease in noninterest expense. At December 31, 2015, Parke Bancorp's total assets increased to USD885.1 million from USD821.7 million at December 31, 2014, an increase of USD63.4 million, or 7.7 percent, primarily due to an increase in loans. Parke Bancorp's total investment securities portfolio increased to USD44.7 million at December 31, 2015 from USD30.3 million at December 31, 2014, an increase of USD14.4 million or 47.4 percent. During the first quarter of 2015, the company purchased USD20.7 million of mortgage-backed securities to bolster on-balance sheet liquidity to fund future growth. The purchase was funded with borrowings from the FHLB. At December 31, 2015, Parke Bancorp had USD13.6 million in nonperforming loans representing 1.8 percent of total loans, a decrease of USD13.3 million or 49.6 percent from USD26.9 million at December 31, 2014. OREO at December 31, 2015 was USD16.6 million, compared to USD20.9 million at December 31, 2014 a decrease of 20.6 percent. OREO consisted of 16 properties, the largest being a condominium development in Absecon, NJ, recorded at USD6.4 million. Nonperforming assets (consisting of nonperforming loans and OREO) represented 3.4 percent of total assets at December 31, 2015 as compared to 5.8 percent of total assets at December 31, 2014. Loans past due 30 to 89 days were USD1.2 million at December 31, 2015, a decrease of USD40,000 from the previous quarter end and a decrease of USD1.7 million from December 31, 2014. At December 31, 2015, Parke Bancorp's total deposits were USD665.2 million, up from USD647.9 million at December 31, 2014, an increase of USD17.3 million or 2.7 percent. Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999. Parke Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small-sized businesses primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania.
PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces Record Earnings For 2015
PR Newswire - Mon Jan 25, 3:10PM CST
Parke Bancorp, Inc. ("Parke Bancorp"
(NASDAQ: PKBK), the parent company of Parke Bank, announced its operating results for the quarter and year ended December 31, 2015. PKBK: 13.05 (+0.20)
Parke Bank Announces Agreement To Sell SBA Subsidiary
PR Newswire - Fri Oct 30, 7:00AM CDT
Parke Bank ("Parke Bank"
, a wholly owned subsidiary of Parke Bancorp, Inc. (the "Company" (NASDAQKBK) today announced that it and its majority-owned subsidiary, 44 Business Capital, LLC ("44BC" had entered into a Purchase and Assumption Agreement (the "Agreement" with Berkshire Hills Bancorp, Inc. and its wholly owned banking subsidiary, Berkshire Bank, to sell the assets of 44BC and certain related assets held by the Bank. BHLB: 27.12 (+0.60), PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces 2015 Third Quarter Earnings
PR Newswire - Wed Oct 21, 3:10PM CDT
Parke Bancorp, Inc. ("Parke Bancorp"
(NASDAQ: "PKBK", the parent company of Parke Bank, announced its operating results for the quarter ended September 30, 2015. PKBK: 13.05 (+0.20)
Parke Bancorp declares higher dividend
M2 - Mon Sep 28, 4:19AM CDT
The board of directors of Parke Bancorp (NASDAQ
KBK) authorised a dividend of USD0.07 per share, up from the earlier USD0.06 per share, the company declared on Friday. PKBK: 13.05 (+0.20)
Parke Bancorp declares higher dividend of USD0.07 per share for quarter
M2 - Fri Sep 25, 3:02AM CDT
Parke Bancorp Inc (NASDAQ
KBK) released on Thursday a cash dividend of USD0.07 per share for the quarter, as authorised by its board of directors from the earlier USD0.06 per share. PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces 2015 Second Quarter Earnings
PR Newswire - Wed Jul 22, 3:10PM CDT
Parke Bancorp, Inc. ("Parke Bancorp"
(NASDAQ: PKBK), the parent company of Parke Bank, announced its operating results for the quarter ended June 30, 2015. PKBK: 13.05 (+0.20)
Parke Bancorp, Inc. Announces Cash Dividend Increase
PR Newswire - Thu Jan 29, 3:10PM CST
Parke Bancorp, Inc. (the "Company"
(NASDAQ: PKBK) today announced that, beginning with the quarterly cash dividend to be paid in April 2015, the board approved an increase in the dividend rate from $0.05 per share to $0.06 per share. "Our Board of Directors is strongly committed to enhancing shareholder value in our Company. We are able to increase the dividend as a result of the continued strong performance of the Company," remarked Vito S. Pantilione, President and Chief Executive Officer, of the Company. PKBK: 13.05 (+0.20)
