PKBK Parke Bancorp, Inc. featured news, full reports, and detailed charts
Parke Bancorp, Inc. (PKBK) Wrap Up:
The Bank is a New Jersey-chartered commercial bank, incorporated in August 1998. It commenced operations in January 1999. The Bank maintains its principal office at 601 Delsea Drive, Washington Township, New Jersey in the Parke Place age-restricted community. It also conducts business through office's in Northfield and another office in Washington Township. The Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania. The Bank focuses its commercial loan originations on small and mid-sized business. Commercial loan products include residential and commercial real estate construction loans; working capital loans and lines of credit; demand, term and time loans; and equipment, inventory and accounts receivable financing. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f31%2f0000946275-08-000282.html#FIS_BUSINESS"www.parkebank.com
42 Employees
Founded in 1999
Parke Bancorp Inc. (PKBK:NASDAQ)
LAST $8.08 USD
CHANGE TODAY -0.64 -7.34%
VOLUME 4.4K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Parke Bancorp Inc. (PKBK)
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OPEN
$8.45
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PREVIOUS CLOSE
$8.72
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DAY HIGH
$8.73
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DAY LOW
$7.75
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52 WEEK HIGH
06/12/09 - $10.15
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52 WEEK LOW
03/10/09 - $4.06
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MARKET CAP
32.6M
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AVERAGE VOLUME 3 mo
3.1K
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DILUTED EPS TTM
$1.16
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SHARES OUTSTANDING
4.0M
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PKBK Does Not Pay Dividends
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P/E TTM
7.0x
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| K = Thousands M = Millions B = Billions | ||
PKBK Top Compensated Officers
Mr. Vito S. Pantilione
Chief Executive Officer, President, Director,...
Age: 57
Total Annual Compensation: $475.0K
Mr. David O. Middlebrook
Senior Vice President, Secretary, Senior Vice...
Age: 50
Total Annual Compensation: $165.0K
Ms. Elizabeth A. Milavsky
Executive Vice President of Parke Bank
Age: 57
Total Annual Compensation: $195.0K
Mr. Paul E. Palmieri
Senior Vice President of Philadelphia Region ...
Age: 49
Total Annual Compensation: $142.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Parke Bancorp Inc. (PKBK)
Parke Bancorp Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/9/2009
Parke Bancorp Inc. has reported that for the third quarter ended September 30, 2009 its net income available to common shareholders was USD 1.5 million, or USD 0.36 per diluted common share, an increase of 35.1% compared to a net income of USD 1.1 million, or USD 0.29 per diluted common share reported for the quarter ended September 30, 2008. Year-to-date net income available to common shareholders was USD 3.8 million, or USD 0.93 per diluted common share, an increase of 11.1% compared to USD 3.4 million, or USD 0.82 per diluted common share reported for the nine months ended September 30, 2008.
Parke Bancorp Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
10/29/2009
Parke Bancorp Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
Parke Bancorp Inc. Reports Un-Audited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/23/2009
Parke Bancorp Inc. reported un-audited earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income available to common shareholders of $1.5 million, or $0.36 per diluted common share, for the September 2009 quarter, compared to a net income of $1.1 million or $0.29 per diluted common share reported for the quarter ended September 30, 2008, an increase of 35.1%. Return on average assets was 0.89% against 0.78% of previous year period. Return on average common equity was 13.02% compared to 11.03% for the same period last year. Net interest income was $6.363 million against $4.588 for the comparable period last year. Net income available to common shareholders year-to-date was $3.8 million or $0.93 per diluted common share, compared to $3.4 million or $0.82 per diluted common share reported for the nine months ended September 30, 2008, an increase of 11.1%. Return on average assets was 0.78% against 0.87% of previous year period. Return on average common equity was 11.56% compared to 11.80% for the same period last year. Net interest income was $17.673 million against $12.642 million for the comparable period last year.
PKBK Competitors
| Company | Last | Change |
| Allegheny Valley Bancorp Inc | $35.00 USD | 0.00 |
| Fidelity D&D Bancorp Inc | $16.75 USD | 0.00 |
| Mid Penn Bancorp | $11.00 USD | 0.00 |
| Pamrapo Bancorp Inc | $7.80 USD | +0.29 |
| Tri-county Financial Corp | $11.50 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PKBK | Industry Range |
| Price/Earnings | 7.5x |
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| Price/Sales | 2.1x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 6.7x |
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| TEV/Sales | NM | Not Meaningful |
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PKBK |
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PKBK transactions
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| No transactions in the last 6 months. | ||
More Recent News About Parke Bancorp, Inc.
More news for PKBK
PARKE BANCORP, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements The Company may from time to time make written or oral "forward-looking statements" including statements contained in this Report and in other communications by the Company which are made in good faith pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, such as statements of the Company's plans, objectives, expectations, estimates and intentions, involve risks and uncertainties and are subject to change based on various important factors (some of which are beyond the Company's control). The following factors, among others, could cause the Company's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; the timely development of and acceptance of new products and services of the Company and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors' products and services; the impact of changes in financial services laws and regulations (including laws concerning taxes, banking, securities and insurance); technological changes; acquisitions; changes in consumer spending and saving habits; and the success of the Company at managing the risks involved in the foregoing. The Company cautions that the foregoing list of important factors is not exclusive. The Company also cautions readers not to place undue reliance on these ...Click here to read the whole Article (external link)
PARKE BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for PARKE BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for PARKE BANCORP, INC. 7-Aug-2009Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provid...Click here to read the whole Article (external link)
PARKE BANCORP, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements The Company may from time to time make written or oral "forward-looking statements" including statements contained in this Report and in other communications by the Company which are made in good faith pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, such as statements of the Company's plans, objectives, expectations, estimates and intentions, involve risks and uncertainties and are subject to change based on various important factors (some of which are beyond the Company's control). The following factors, among others, could cause the Company's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; the timely development of and acceptance of new products and services of the Company and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors' products and services; the impact of changes in financial services laws and regulations (including laws concerning taxes, banking, securities and insurance); technological changes; acquisitions; changes in consumer spending and saving habits; and the success of the Company at managing the risks involved in the foregoing. The Company cautions that the foregoing list of important factors is not exclusive. The Company also cautions readers not to place undue reliance on these ...Click here to read the whole Article (external link)
PARKE BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for PARKE BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for PARKE BANCORP, INC. 8-May-2009Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provid...Click here to read the whole Article (external link)
Parke Bancorp, Inc. Announces Death of Chief Financial Officer
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
PARKE BANCORP, INC. Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue10,395 10,103 10,098 9,523 Cost of Revenue3,547 4,019 4,194 4,046 Gross Profit6,848 6,084 5,904 5,477 Operating ExpensesResearch Development - - - - Selling General and Administrative2,231 2,017 2,157 1,688 Non Recurring1,207 194 (238)163 Others980 770 1,876 1,054 Total Operating Expenses - - - - Operating Income or Loss2,430 3,103 2,109 2,572 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes2,430 3,103 2,109 2,572 Interest Expense525 580 648 621 Income Before Tax1,905 2,523 1,461 1,951 Income Tax Expense726 994 588 877 Minority Interest - - - - Net Income From Continuing Ops1,179 1,529 873 1,074 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes ...Click here to read the whole Article (external link)
Parke Bancorp, Inc. Announces A 35% Increase in Third Quarter Earnings
WASHINGTON TOWNSHIP, N.J., Oct. 23 /PRNewswire-FirstCall/ -- Parke Bancorp, Inc. ("Parke Bancorp") (Nasdaq: PKBK - News), the parent company of Parke Bank, announces its operating results for the quarter ended September 30, 2009. Parke Bancorp reported net income available to common shareholders of $1.5 million, or $0.36 per diluted common share, for the September 2009 quarter, compared to a net income of $1.1 million or $0.29 per diluted common share reported for the quarter ended September 30, 2008, an increase of 35.1%. The following is a recap of certain material pre-tax income and expense events that occurred during the third quarter: loan loss provision of $1.5 million and an other-than-temporary-impairment (OTTI) charge related to the collateralized mortgage obligation (CMO) and collateralized debt obligation (CDO) investment portfolios of $350,000. Net income available to common shareholders year-to-date was $3.8 million or $0.93 per diluted common share, compared to $3.4 million or $0.82 per diluted common share reported for the nine months ended September 30, 2008, an increase of 11.1%.At September 30, 2009, Parke Bancorp's total assets increased to $655.4 million from $602.0 million at December 31, 2008, an increase of $53.4 million or 8.9%.At September 30, 2009, Parke Bancorp's total net loans increased to $583.8 million from $539.9 million at December 31, 2008, an increase of $43.9 million or 8.1%. The change reflects an increase in commercial loans of $36.6 million, mortgage loans of $7.8 million and cons...Click here to read the whole Article (external link)
Northeast Community Banks Valuation And Upside: Have They Dodged The Bullet?
67 WALL STREET, New York - October 14, 2009 - The Wall Street Transcript has just published its Northeast & Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 121 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Mortgage Situation -- Regional Banks Mergers and Acquisitions Timing Strategy -- Commercial Mortgage Portfolio Decay -- Timing Of Commercial Mortgage Portfolio Bad Debt Write Offs-- FDIC Hit List For Bank Closings -- Mutual Holding Company Structure -- Interest Rate Scenarios -- Banking Pricing Power -- Expensive Bank Valuations -- Tangible Book As Guide For Bank Stock Pricing -- Distressed Sales Of Community and Regional Banks -- TARP Program -- Attitude Of Institutional Investors Towards Resurgence in Community Banking -- Unique Business Models -- Regional Bank Boards Looking For Exit Companies include: BB and T (BBT); Colonial (CNB); First Niagara (FNFG); PNC (PNC); National City (NCC-PA); Harleysville National (HNBC); Citizens First Bancorp (CTZN); Regions Financial (RF); Bank of America (BAC); SunTrust Banks (STI); Pinnacle Financial (PNFP); Northwest Bancorp Inc. (NWSB); Beneficial (BNCL); Investor Savings Bancorp (ISBC); Territorial Bancorp (TBNK); FNB Bancorp (FNBG.OB); National Penn (NPBC); Trustco Bank (TRST); KeyBank (KEY); M and T Bank (MTB); New York Community Bancorp (NYB); Bank of New York Mellon (BK);...Click here to read the whole Article (external link)
PARKE BANCORP, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Show all filings for PARKE BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for PARKE BANCORP, INC. 28-Sep-2009Change in Directors or Principal Officers, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provid...Click here to read the whole Article (external link)
PARKE BANCORP, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements The Company may from time to time make written or oral "forward-looking statements" including statements contained in this Report and in other communications by the Company which are made in good faith pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, such as statements of the Company's plans, objectives, expectations, estimates and intentions, involve risks and uncertainties and are subject to change based on various important factors (some of which are beyond the Company's control). The following factors, among others, could cause the Company's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; the timely development of and acceptance of new products and services of the Company and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors' products and services; the impact of changes in financial services laws and regulations (including laws concerning taxes, banking, securities and insurance); technological changes; acquisitions; changes in consumer spending and saving habits; and the success of the Company at managing the risks involved in the foregoing. The Company cautions that the foregoing list of important factors is not exclusive. The Company also cautions readers not to place undue reliance on these ...Click here to read the whole Article (external link)
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