secwatch.observer — SEC 8-K summary
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Issuer:     PARKE BANCORP, INC. (PKBK)
CIK:        0001315399
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001315399-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315399/000131539923000003/0001315399-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315399/000131539923000003/pkbk-20230118.htm
  HTML page:      https://secwatch.observer/filing/0001315399-23-000003

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