Parke Bancorp, Inc. (PKBK) financial statements (2021 and earlier)

Company profile

Business Address 601 DELSEA DRIVE
WASHINGTON TOWNSHIP, NJ 08080
State of Incorp. NJ
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19215442712736
Cash and cash equivalents19215442712736
Disposal group, including discontinued operation    33
Total current assets:19215442713039
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment777554
Restricted cash and investments766553
Deferred income tax assets6
Total noncurrent assets:2313131098
Other undisclosed assets1,4661,3001,082936846775
TOTAL ASSETS:1,6811,4671,1371,016885822
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation135105115808549
Long-term debt, excluding current maturities135105115808549
Total noncurrent liabilities:135105115808549
Other undisclosed liabilities1,3671,208888809688669
Total liabilities:1,5021,3121,003889773719
Stockholders' equity
Stockholders' equity attributable to parent178154135127112103
Preferred stock1116202020
Common stock111111
Treasury stock, value(3)(3)(3)(3)(3)(2)
Additional paid in capital13511382625451
Accumulated other comprehensive income (loss)0(1)(0)(0)(0)0
Retained earnings444239474133
Stockholders' equity attributable to noncontrolling interest21 (0)00
Total stockholders' equity:179155135127112103
TOTAL LIABILITIES AND EQUITY:1,6811,4671,1371,016885822

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues766150534545
Net investment income766048423938
Financial services revenue21167
Cost of revenue(3)(2)(3)(1)(3)(3)
Provision for loan, lease, and other losses(3)(2)
Financial services costs(3)(1)(3)(3)
Gross profit:745947514241
Operating expenses(5)(4)(11)(11)(11)(11)
Other operating income, net
(Noninterest Income, Other Operating Income)
011111
Operating income:695637413232
Nonoperating income (expense)0(0)(1)(1)(2)(0)
Investment income, nonoperating     0
Losses on sales of other real estate(0)(1)(1)(2)(2)(1)
Bank owned life insurance income111100
Interest and debt expense(23)(14)(8)(7)(6)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(7)(8)(4)(6)(6)(8)
Income from continuing operations before income taxes:403324281918
Income tax expense(10)(8)(12)(9)(7)(6)
Net income:302512191212
Net income (loss) attributable to noncontrolling interest(0)00(0)(1)(2)
Other undisclosed net loss attributable to parent (0)    
Net income attributable to parent:302512191110
Preferred stock dividends and other adjustments(0)(0)(1)(1)(1)(1)
Net income available to common stockholders, diluted:3024111799

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:302512191212
Other undisclosed comprehensive income (loss)1(1)(12)(19)(12)(12)
Comprehensive income (loss):31250(0)(0)0
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)0(0)(1)(2)
Other undisclosed comprehensive income, net of tax, attributable to parent  11181111
Comprehensive income, net of tax, attributable to parent:31241117910

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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