Parke Bank is headquartered in SEWELL and is the 17th largest bank in the state of New Jersey. It is also the 575th largest bank in the nation. It was established in 1999 and as of June of 2024, it had grown to 106 employees at 8 locations. Parke Bank has an A+ health rating.
| Overall | |
|---|---|
| FDIC Certificate # | 34888 |
| Year Established | 1999 |
| Employees | 106 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.41% |
| Return on Equity - YTD | 8.65% |
| Annual Interest Income | $59.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $2.03B$1.98B |
| Loans | Q2 2024vs Q2 2023 | $1.77B$1.75B |
| Deposits | Q2 2024vs Q2 2023 | $1.5B$1.45B |
| Equity Capital | Q2 2024vs Q2 2023 | $334.6MM$320.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $32.4MM$32MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $7MM$18.8MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $1.6MM$1.7MM |
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| Parke Bank Locations | ||
|---|---|---|
| Spruce Street Branch | 1610 Spruce Street | Philadelphia, PA 19103 |
| Northfield Office Branch | 501 Tilton Road | Northfield, NJ 08225 |
| Washington Township Branch | 567 Egg Harbor Road At Hurffville Cross Keys Road | Sewell, NJ 08080 |
| Parke Bank | 601 Delsea Dr | Sewell, NJ 08080 |
| Galloway Branch | 67 E Jimmie Leeds Rd | Galloway, NJ 08205 |
| Collingswood Branch | 1150 Haddon Avenue | Collingswood, NJ 08108 |
| Arch Street Branch | 1032 Arch Street | Philadelphia, PA 19107 |