Parke Bancorp, Inc., the parent company of Parke Bank, delivers a comprehensive suite of financial services to individuals and small to medium-sized enterprises. Clients can access a variety of deposit options, such as checking, savings, and money market accounts, along with individual retirement accounts (IRAs) and certificates of deposit (CDs). Its lending activities encompass a diverse portfolio, featuring commercial and industrial financing, construction loans, mortgages for both commercial and residential properties, and consumer credit. Complementing these core offerings, Parke Bank also facilitates transactions through debit cards and modern digital platforms, including internet banking and online bill pay. The institution maintains a physical presence with seven branch offices, strategically located across New Jersey (Galloway Township, Northfield, Washington Township, and Collingswood) and in Philadelphia, Pennsylvania. Established in 1999, Parke Bancorp, Inc. operates from its headquarters in Washington Township, New Jersey.
PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2026 EARNINGS
Parke Bancorp reported Q2 2026 net income of $12.2 million, or $1.03 per diluted share, representing a 47.8% increase from the prior year's quarter.
The company achieved a net interest margin of 4.17% and significantly improved its efficiency ratio to 28.98%, driven by higher asset yields and lower funding costs.
Asset quality strengthened as nonperforming loans fell 49.8% to $5.4 million, although Other Real Estate Owned increased to $6.8 million.