---
schema_version: "secwatch.filing_event.v1"
accession: "0001315399-23-000003"
form_type: "8-K"
ticker: "PKBK"
cik: "0001315399"
company_name: "PARKE BANCORP, INC."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T13:49:13.119251+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Parke Bancorp reports record 2022 earnings; $9.5M stolen cash under investigation

## Summary
- Q4 2022 net income $10.4M ($0.86 diluted EPS), up 3.8% YoY; full-year net income $41.8M ($3.44 diluted EPS).
- Net interest income up 13% to $18.9M in Q4; provision for loan losses increased $850K vs $0 in prior Q4.
- Nonperforming loans jumped to $16.3M (0.93% of loans) from $4.3M, driven by two CRE loans.
- Total assets down 7.1% to $1.98B; deposits decreased 10.9% to $1.58B.
- Armored car theft: ~$9.5M cash missing from third-party vault; probable loss, investigation ongoing.

## SEC filing metadata
- accession: 0001315399-23-000003
- form_type: 8-K
- ticker: PKBK
- cik: 0001315399
- company_name: PARKE BANCORP, INC.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000003/0001315399-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000003/pkbk-20230118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315399-23-000003
- JSON: https://secwatch.observer/filing/0001315399-23-000003.json
- Plain text: https://secwatch.observer/filing/0001315399-23-000003.txt

## Key facts
- Earnings Releases
  PARKE BANCORP, INC. reported the quarter ended December 31, 2022 results: revenue $26.8 million, net income $10.4 million, EPS $0.88 per basic common share and $0.86 per diluted common share.
  - Period: the quarter ended December 31, 2022
  - Revenue: $26.8 million
  - Net income: $10.4 million
  - EPS: $0.88 per basic common share and $0.86 per diluted common share
  - Result: reported results
  source text: S. Kaufman, Senior Vice President and CFO (856) 256-2500 PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS Highlights: Net Income: $10.4 million for Q4 2022 Revenue: $26.8 million for Q4 2022 Total Assets: $1.98 billion, decreased 7.1% over December 31, 2021 Total Loans: $1.75 billion, increased 18.0% over December 31, 2021 Total Deposits: $1.58 billion,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000003/0001315399-23-000003-index.htm
- Earnings Releases
  PARKE BANCORP, INC. reported the fiscal year ended December 31, 2022 results: net income $41.8 million, EPS $3.51 per basic common share and $3.44 per diluted common share.
  - Period: the fiscal year ended December 31, 2022
  - Net income: $41.8 million
  - EPS: $3.51 per basic common share and $3.44 per diluted common share
  - Result: reported results
  source text: Net income available to common shareholders was $41.8 million, or $3.51 per basic common share and $3.44 per diluted common share, for the fiscal year ended December 31, 2022, an increase of $1.1 million, or 2.6%, compared to net income available to common shareholders of $40.7 million, or $3.43 per basic common share and $3.36 per diluted common share, for the fiscal year ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1315399/000131539923000003/0001315399-23-000003-index.htm

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