secwatch.observer — SEC 8-K summary
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Issuer:     PARKE BANCORP, INC. (PKBK)
CIK:        0001315399
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0001315399-22-000122
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parke Bancorp Q3 net income $10.5M ($0.88/share), flat YoY; NPLs spike to $16.9M from $4.3M
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- Net income $10.53M, $0.88 per basic share; revenue $24.4M, both essentially flat YoY.
- Loans grew 13.1% to $1.68B; deposits fell 13.2% to $1.54B vs Dec 2021.
- Nonperforming loans surged to $16.9M (1.01% of loans) from $4.3M, driven by two CRE loans.
- Provision for loan losses $600K vs $0 in Q3 2021; non-interest expense up 15.9% to $6.3M.
- Total assets down 10% to $1.92B; equity up 10.7% to $257.3M on retained earnings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315399/000131539922000122/0001315399-22-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315399/000131539922000122/pkbk-20221019.htm
  HTML page:      https://secwatch.observer/filing/0001315399-22-000122

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer