{"schema_version":"secwatch.filing_event.v1","accession":"0001315399-24-000031","form_type":"8-K","ticker":"PKBK","cik":"0001315399","company_name":"PARKE BANCORP, INC.","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.801757+00:00","generated_at":"2026-06-03T15:19:10.533206+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 Q1 net income falls 44.8% to $6.1M on lower NII and credit provision","bullets":["Net income $6.1M ($0.51 diluted) vs $11.1M ($0.92) in Q1 2023, a 44.8% decline.","Net interest income fell 18% to $14.1M; provision for credit losses was $0.2M vs a $2.4M recovery last year.","Total deposits up 0.7% to $1.56B; total assets down 0.7% to $2.01B; nonperforming loans at 0.39% of loans.","Non-interest income down 40.4% to $1.1M; non-interest expense down 3.3% to $6.5M.","Tangible book value per share $24.08 vs $23.75; CEO cites higher funding costs and slow loan growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001315399-24-000031","json":"https://secwatch.observer/filing/0001315399-24-000031.json","markdown":"https://secwatch.observer/filing/0001315399-24-000031.md","text":"https://secwatch.observer/filing/0001315399-24-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000031/0001315399-24-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000031/pkbk-20240419.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T15:19:10.533206+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":"e26b2b6fba0c0d61d428a6caa0eeb681b38fea0f","claim":"PARKE BANCORP, INC. reported the three months ended March 31, 2024 results: revenue $30.5 million, net income $6.1 million, EPS $0.51 per diluted common share.","evidence_excerpt":"Highlights: Net Income: $6.1 million for Q1 2024 Revenue: $30.5 million for Q1 2024 Total Assets: $2.01 billion, decreased 0.7% from December 31, 2023 Total Loans: $1.79 billion, decreased 0.1% over December 31, 2023 Total Deposits: $1.56 billion, increased 0.7% from December 31, 2023 WASHINGTON TOWNSHIP, NJ, April 19, 2024 - Parke Bancorp, Inc. (“Parke Bancorp” or the \"Company\") (NASDAQ: “PKBK”), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2024. Highlights for the three months ended March 31, 2024: • Net income available to common shareholders was $6.1 million, or $0.51 per basic common share and $0.51 per diluted common share, for the three months ended March 31, 2024, a decrease of $5.0 million, or 44.8%, compared to net income available to common shareholders of $11.1 million, or $0.93 per basic common share and $0.92 per diluted common share, for the three months ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1315399/000131539924000031/0001315399-24-000031-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$30.5 million"},{"label":"Net income","value":"$6.1 million"},{"label":"EPS","value":"$0.51 per diluted common share"},{"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"}