Parke Bancorp, Inc. filed its quarterly report on Form 10-Q for the period ended June 30, 2026, with the U.S. Securities and Exchange Commission on August 5, 2026, reporting net income of $12.241 million for the second quarter and $24.085 million for the first half of the year.

Key Highlights

  • Q2 net income: Net income attributable to the company was $12.241 million for the three months ended June 30, 2026, compared to $8.283 million for the same period in 2025.
  • Net interest income: Net interest income for Q2 2026 was $23.009 million, up from $17.871 million in Q2 2025.
  • Diluted EPS: Diluted earnings per common share were $1.03 for Q2 2026 and $2.02 for the six months ended June 30, 2026.
  • Total assets: Total assets stood at $2.303 billion as of June 30, 2026, compared to $2.249 billion at December 31, 2025.
  • Total deposits: Total deposits were $1.760 billion at June 30, 2026, versus $1.759 billion at December 31, 2025.
  • Shareholders' equity: Total shareholders' equity was $346.069 million at June 30, 2026, up from $324.518 million at December 31, 2025.
  • Shares outstanding: As of August 3, 2026, there were 11,761,470 shares of common stock outstanding.

Parke Bancorp Q2 2026: Income, Balance Sheet, and Credit Quality

According to the filing, Parke Bancorp, Inc. (Nasdaq: PKBK) reported total interest income of $38.450 million for the three months ended June 30, 2026, compared to $35.024 million in Q2 2025. Total interest expense declined to $15.441 million from $17.153 million in the prior-year quarter, resulting in net interest income of $23.009 million. For the six months ended June 30, 2026, net interest income was $45.141 million, up from $34.478 million in the comparable 2025 period, the filing disclosed.

The company reported a provision for credit losses of $676 thousand in Q2 2026, down from $984 thousand in Q2 2025, according to the filing. The allowance for credit losses on loans stood at $34.624 million as of June 30, 2026, compared to $34.649 million at December 31, 2025. Net loans were $1.997 billion at June 30, 2026. Other real estate owned (OREO) increased to $6.762 million from $2.862 million at year-end 2025, the filing noted. Total non-interest expense for Q2 2026 was $6.921 million, with compensation and benefits accounting for $3.560 million of that total.

On the equity side, the filing shows common stock dividends of $0.20 per share were paid during Q2 2026, and preferred stock dividends of $15.00 per share were declared on the Series B non-cumulative convertible preferred stock, of which 325 shares were outstanding. FHLBNY borrowings increased to $164.000 million at June 30, 2026, from $130.000 million at December 31, 2025. Cash and cash equivalents grew to $204.723 million from $156.863 million over the same period, according to the filing.

What Was Disclosed

Parke Bancorp disclosed unaudited consolidated financial statements for the quarter and six months ended June 30, 2026, covering income, balance sheet, equity, and cash flow, along with management's discussion, market risk disclosures, and controls and procedures certifications.