Parke Bank

Branches

Click on location and enter new zip number to change.
Your current location is: Virginia, Ashburn
View Branches Statewide →

View Branches Nationwide →

Parke Bank Locations

Deposit Rates - April 20, 2021

CD RATES APY MIN MAX
12 Mo CD
0.75% $500 - Compare
36 Mo CD
1.01% $500 - Compare
48 Mo CD
1.05% $500 - Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34888
Date Established 1999
Assets $ 2.08 billion
Loans $ 1,536.31 million
Deposits $ 1,593.73 million
Capital $ 244.36 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 458.60 million
Interest-bearing balances $ 439.79 million
Total securities $ 21.11 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,536.31 million
Loan loss allowance $ 29.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.14 million
Goodwill and other intangibles N.A.
All other assets $ 55.07 million
     Total Assets $ 1,833.56 million

LIABILITIES
Total deposits $ 1,593.73 million
      Interest-bearing deposits $ 1,163.58 million
      Deposits held in domestic offices $ 1,593.73 million
      % insured (estimated) 49.93%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 224.68 million
Subordinated debt N.A.
All other liabilities $ 15.16 millionn
      Total Liabilities $ 1,833.56 million
      Shareholders’ Equity $ 244.36 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 84.54 million
Total Interest Expense $ 20.57 million
Net interest income $ 63.97 million
Provision for loan and lease losses $ 7.65 million
Total non interest income $ 4.17 million
Total non interest expense $ 20.00 million
Pre-tax Net Operating Income $ 40.50 million

Parke Bank is an FDIC insured institution headquartered at 601 Delsea Drive, Sewell, NJ 8080.
It was founded in 1999 and has approximately $2 billion in assets. Customers can open an account at one of its 8 branches.