{"schema_version":"secwatch.filing_event.v1","accession":"0001315399-24-000002","form_type":"8-K","ticker":"PKBK","cik":"0001315399","company_name":"PARKE BANCORP, INC.","filed_at":"2024-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.736949+00:00","generated_at":"2026-06-06T19:06:26.895354+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Parke Bancorp Q4 net income down 22%; full-year earnings hit by $9.5M contingent loss","bullets":["Q4 net income $8.2M ($0.68 basic EPS) vs $10.4M ($0.88) in Q4 2022; net interest income fell 18% to $15.5M.","Full-year net income $28.4M ($2.38 basic) vs $41.8M ($3.51); non-interest expense up 48% due to $9.5M armored car theft loss.","Total deposits fell 1.5% to $1.55B; cannabis-related deposits dropped $80.7M to $96.7M; brokered deposits rose to $223.4M.","Nonperforming loans decreased to $7.3M (0.41% of loans) from $16.3M; allowance coverage ratio improved to 442.5%.","CEO cites challenging year but notes ROAA of 1.45% and ROAE over 10%; expects potential rate cuts in 2024 to aid growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001315399-24-000002","json":"https://secwatch.observer/filing/0001315399-24-000002.json","markdown":"https://secwatch.observer/filing/0001315399-24-000002.md","text":"https://secwatch.observer/filing/0001315399-24-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000002/0001315399-24-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000002/pkbk-20240124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:06:26.895354+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"48155985e0c147aa2f32239885d6cdd56a9bfc73","claim":"PARKE BANCORP, INC. reported year ended December 31, 2023 results: revenue 64.2 million, net income 28.4 million, EPS 2.38.","evidence_excerpt":"and benefits expense, lower net interest income, and lower non-interest income, partially offset by lower provision for credit losses. • Net interest income decreased 12.4% to $64.2 million for the fiscal year ended December 31, 2023, compared to $73.3 million for the same period in 2022. • Provision for credit losses decreased $3.9 million to a recovery of $2.1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000002/0001315399-24-000002-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"64.2 million"},{"label":"Net income","value":"28.4 million"},{"label":"EPS","value":"2.38"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b8c6f970cb994d45dd26d39e4d1e82a91fa73927","claim":"PARKE BANCORP, INC. reported quarter ended December 31, 2023 results: revenue 15.5 million, net income 8.2 million, EPS 0.68.","evidence_excerpt":"2022. The decrease is primarily driven by lower net interest income, partially offset by a decrease in the provision for credit losses. • Net interest income decreased 18.0% to $15.5 million for the three months ended December 31, 2023, compared to $18.9 million for the same period in 2022. • Provision for credit losses was a recovery of $0.5 million for the three","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000002/0001315399-24-000002-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Revenue","value":"15.5 million"},{"label":"Net income","value":"8.2 million"},{"label":"EPS","value":"0.68"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}