Hyde Park Bank

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

Retrieved on: 
Wednesday, September 20, 2023
Federal Deposit Insurance Corporation, Hyde Park Bank, FDIC, Orange Board of Education, The Company, Bank, Holding company

Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999.

Key Points: 
  • Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999.
  • Parke Bancorp and Parke Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey.
  • Parke Bank's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC).
  • Parke Bancorp's common stock is traded on the NASDAQ Capital Market under the symbol "PKBK".

PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2023 EARNINGS

Retrieved on: 
Wednesday, July 26, 2023
Lender option borrower option, Federal Reserve Bank, Federal Reserve Bank of St. Louis, Face, Hyde Park Bank, Tax, Sale, FRB, CECL, Growth, NOW, Family, Federal Reserve Board of Governors, Cryptocurrency, Clothing, Rare-earth element, Life insurance, Bank

Net interest income decreased 5.9% to $33.0 million for the six months ended June 30, 2023, compared to $35.1 million for the same period in 2022.

Key Points: 
  • Net interest income decreased 5.9% to $33.0 million for the six months ended June 30, 2023, compared to $35.1 million for the same period in 2022.
  • Non-interest expense increased 15.3% to $13.1 million for the six months ended June 30, 2023, compared to $11.4 million for the same period in 2022.
  • Income tax expense decreased $1.2 million for the second quarter of 2023 compared to the same period in 2022.
  • Parke Bank is committed to controlling expenses while identifying opportunities in the market, and supporting the continued strength of our Company and Parke Bank."

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

Retrieved on: 
Wednesday, June 28, 2023
Federal Deposit Insurance Corporation, Hyde Park Bank, FDIC, Orange Board of Education, The Company, Bank

Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999.

Key Points: 
  • Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999.
  • Parke Bancorp and Parke Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey.
  • Parke Bank's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC).
  • Parke Bancorp's common stock is traded on the NASDAQ Capital Market under the symbol "PKBK".

PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS

Retrieved on: 
Wednesday, January 18, 2023
COVID, Bank, Federal Reserve Bank of St. Louis, Federal, Insurance, Federal Home Loan Banks, COVID-19, Federal Reserve, FRB, Federal Reserve Bank, Growth, Sale, CRE, BSA, Hyde Park Bank, Lithium, Video game, Airline, Real estate, Cryptocurrency

Net interest income increased 6.1% to $73.3 million for the fiscal year ended December 31, 2022, compared to $69.1 million for the same period in 2021.

Key Points: 
  • Net interest income increased 6.1% to $73.3 million for the fiscal year ended December 31, 2022, compared to $69.1 million for the same period in 2021.
  • Income tax expense decreased $87 thousand for the fourth quarter of 2022 and increased $316 thousand for the quarter and fiscal year ended December 31, 2022, respectively, compared to the same periods in 2021.
  • The effective tax rate for the fourth quarter of 2022 and the year ended December 31, 2022 was 23.8% and 25.4%, respectively, compared to 25.0% and 25.4% for the same periods in 2021.
  • Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank, provided the following statement:
    "We are proud that we again achieved record earnings in 2022.

PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2022 EARNINGS

Retrieved on: 
Wednesday, July 20, 2022
FRB, Sale, Asset, Paycheck Protection Program, Federal Reserve Board of Governors, Federal Reserve Bank, Income, COVID-19, NASDAQ, Federal Reserve Bank of St. Louis, Country, CRE, Company, COVID, Hyde Park Bank, PPP, Face, Growth, Vaccine, Pension fund, Lithium, Renewable energy, Life insurance, Insurance, Animal, Bank, Cryptocurrency, Online gambling

Net interest income increased 0.5% to $35.1 million for the six months ended June 30, 2022, compared to $34.9 million for the same period in 2021.

Key Points: 
  • Net interest income increased 0.5% to $35.1 million for the six months ended June 30, 2022, compared to $34.9 million for the same period in 2021.
  • Income tax expense increased $56.0 thousand for the second quarter 2022 and $216.0 thousand for the six months ended June 30, 2022, respectively, compared to the same periods in 2021.
  • Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank, provided the following statement:
    "Parke Bank continued to generate consistent earnings in the first half of 2022.
  • Our strong earnings and capital position provide the foundation needed to face, as one expert put it, the coming hurricane."

PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2022 EARNINGS

Retrieved on: 
Tuesday, April 19, 2022
Federal Reserve, COVID-19, NASDAQ, SBA, CRE, Growth, Company, Cannabis, Country, Hyde Park Bank, BSA, Income, Industry, Real estate, Online gambling, Video game, Bank, Pharmaceutical industry, Airline

Non-interest expense decreased $92,000 during the first quarter of 2022, compared to the same period in 2021.

Key Points: 
  • Non-interest expense decreased $92,000 during the first quarter of 2022, compared to the same period in 2021.
  • Income tax expense increased $159,000 for the first quarter 2022, compared to the same period in 2021.
  • The effective tax rate for the first quarter of 2022 was 25.2%, compared to 25.4% for the same period in 2021.
  • Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp, Inc. and Parke Bank, provided the following statement:
    "Our net Income increased to $10.1 million in the first quarter of 2022 as compared to the first quarter net income of $9.4 million in 2021.

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

Retrieved on: 
Thursday, March 24, 2022
Hyde Park Bank, Company, NASDAQ, Board, Orange Board of Education, Bank, Director, Federal Deposit Insurance Corporation, The Company, Nasdaq, FDIC

Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999.

Key Points: 
  • Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999.
  • Parke Bancorp and Parke Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey.
  • Parke Bank's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC).
  • Parke Bancorp's common stock is traded on the NASDAQ Capital Market under the symbol "PKBK".

PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2021 EARNINGS

Retrieved on: 
Wednesday, January 19, 2022
Income, Federal Reserve Bank, Federal Reserve Bank of St. Louis, PPP, Federal, Net income, SBA, BSA, COVID-19, CRB, Hyde Park Bank, Bank Secrecy Act, Growth, NASDAQ, Small Business Administration, Bank, Government, Federal Reserve Board of Governors, Paycheck Protection Program, Company, Forgiveness, Federal Home Loan Banks, Central Liquidity Facility, Federal Reserve, Fossil fuel, Online gambling, Animal, Life insurance, Lithium, Cryptocurrency, Pension fund, COVID

The provision for loan losses decreased $1.9 million and $7.1 million for the fourth quarter of 2021 and the year ended December 31, 2021, compared to the same periods in 2020.

Key Points: 
  • The provision for loan losses decreased $1.9 million and $7.1 million for the fourth quarter of 2021 and the year ended December 31, 2021, compared to the same periods in 2020.
  • For the fourth quarter of 2021, non-interest income increased $0.7 million, compared to the same period in 2020.
  • Non-interest expense decreased $0.1 million during the fourth quarter of 2021, and increased $2.2 million for the year ended December 31, 2021, compared to the same periods in 2020.
  • Income tax expense increased $0.5 million for the fourth quarter 2021 and $3.9 million for the year ended December 31, 2021, respectively, compared to the same periods in 2020.