---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-22-000112"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:03:54.536952+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Parke Bancorp Q2 net income $10.7M ($0.88 diluted), down 0.2% YoY; deposits fall 9.2%

## Summary
- Net income available to common shareholders $10.7M ($0.88 diluted) vs $10.8M ($0.89) in Q2 2021, down 0.2%.
- Total assets $1.99B (-6.8% from Dec 2021); total deposits $1.61B (-9.2%), primarily driven by cannabis deposit fluctuation.
- Gross loans increased 4.3% to $1.55B; nonperforming loans 0.25% of total loans; allowance for loan losses to loans 1.97%.
- Provision for loan losses $350K in Q2 2022, compared to zero in Q2 2021, due to loan balance growth.
- CEO warns of 125bps rate hikes, potential recession; bank maintains strong capital and allowance reserves near 2%.

## SEC filing metadata
- accession: 0001315399-22-000112
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000131539922000112/0001315399-22-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539922000112/pkbk-20220720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-22-000112
- JSON: https://secwatch.observer/filing/0001315399-22-000112.json
- Plain text: https://secwatch.observer/filing/0001315399-22-000112.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.