Parke Bank

601 Delsea Drive
Sewell, NJ 8080
856.256.2500
www.parkebank.com

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Parke Bank is headquartered in Sewell and is the 28^th largest bank in the state of New Jersey. It is also the 864^th largest bank in the nation. It was established in 1999 and as of September of 2011, it had grown to 54 employees at 6 locations. Parke Bank's savings rates are 73% higher than the national average, and it has a 3-star health rating.

Competitive CD Rates at Parke Bank in New Jersey & Pennsylvania - Local Only - 5/9/2011

I don't like reporting on CD rates that are under 2.00%. If you're looking for CDs with maturities under 3 years, I'm afraid you will have to expect these low yields in today's interest rate environme ...

Special 11-Mo & 18-Mo Cds At Parke Bank In PA & NJ (Forum) - 8/30/2010

Parke Bank is offering two competitive CD specials as of 8/30/2010: 1.50% APY 11-month CD and IRA CD 1.65% APY 18-month CD and IRA CD When I last reported on this bank in June, the 11-month CD rate was a little higher. The bank also has a special

Special 11-Month CD and IRA CD Rate at Parke Bank in PA & NJ - Local Only - 6/8/2010

Parke Bank is offering a competitive 11-month CD special with 1.65% APY. Minimum deposit is $500. It's also available in an IRA. The bank also continues to offer a special rate on its Preferred Saving ...

2.00% 15-Month CD and CD IRA at Parke Bank in NJ & PA - Local Only - 12/2/2009

Parke Bank continues to have a competitive 15-month CD special. The rate is down a bit since August, but it remains competitive at 2.00% APY. It's also available in an IRA. Minimum deposit is $500. The bank also continues to offer a special rate on its...

2009

8/20 - 2.15% 15-Month CD and CD IRA at Parke Bank in NJ & PA - Local Only

2007

6/5 - 5.25% Money Market Account at Parke Bank in Philadelphia

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See Rates for: Checking | Savings | Money Market | CD | IRA

Parke Bank Checking Account Rates

Apy	Min	Max	Product
0.80%	$50k	-	Platinum Now
0.65%	-	-	Parke 55 Plus
0.50%	$1k	-	NOW

Parke Bank Savings Account Rates

Apy	Min	Max	Product
0.90%	-	-	Holiday Club
0.80%	$100	-	Passbook Savings
0.80%	$100	-	Statement Savings
0.65%	$500	-	Business Statement Savings

Parke Bank Money Market Rates

Apy	Min	Max	Product
0.75%	$2,500	-	Money Market
0.75%	$10k	-	Business Money Market

Parke Bank CD Rates

Apy	Min	Max	Product
2.05%	$500	-	60 Month CD
1.90%	$500	-	48 Month CD
1.50%	$500	-	36 Month CD
1.20%	$500	-	24 Month CD
1.10%	$500	-	18 Month CD
1.00%	$500	-	12 Month CD
0.85%	$500	-	6 Month CD

Parke Bank IRA Rates

Apy	Min	Max	Product
2.05%	$500	-	60 Month IRA
2.05%	$500	-	60 Month Roth IRA
1.90%	$500	-	48 Month IRA
1.90%	$500	-	48 Month Roth IRA
1.20%	$500	-	24 Month IRA
1.20%	$500	-	24 Month Roth IRA
1.10%	$500	-	18 Month IRA
1.10%	$500	-	18 Month Roth IRA
1.00%	$500	-	12 Month IRA
1.00%	$500	-	12 Month Roth IRA
0.85%	$500	-	6 Month IRA
0.85%	$500	-	6 Month Roth IRA

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

Parke Bank
FDIC Certificate #	34888
BankRate Report	View
Year Established	1999
Employees	54
Primary Regulator	FDIC
Assets and Liabilities
Assets	$766.71 million
Loans	$622.84 million
Deposits	$622.44 million
Equity Capital	$89.04 million
Loan Loss Allowance	$16.47 million
Unbacked Noncurrent Loans	$38.77 million
Real Estate Owned	$18.15 million
Historic Data - September 2010
Assets	$742.59 million
Equity Capital	$82.04 million
Loan Loss Allowance	$13.43 million
Unbacked Noncurrent Loans	$23.36 million
Real Estate Owned	$7.78 million
Profit Margin - Quarterly
Net Interest Margin	4.59%
Return on Assets	1.13%
Return on Equity	9.74%
Interest Income	$30.91 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Parke Bank had $56.92 million in non-current loans and owned real-estate with $105.51 million in equity and loan loss allowances on hand to cover it. This gives Parke Bank a Texas Ratio of 53.95% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Parke Bank increased slightly from 32.61% as of September 30, 2010 to 53.95% as of September 30, 2011, resulting in a negative change of 65.42%. This indicates that the balance sheet and financial strength for Parke Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Parke Bank has increased its total deposits by $23.24 million, resulting in 3.88% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Parke Bank has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Parke Bank has $766.71 million in assets with $105.51 million in equity, resulting in a capitalization level of 13.76%, which is excellent.