Parke Bancorp, Inc. (PKBK) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments597459192154427127
Cash and cash equivalents597459192154427127
Disposal group, including discontinued operation      3
Total current assets:597459192154427130
Noncurrent Assets
Operating lease, right-of-use asset223
Property, plant and equipment6777755
Restricted cash and investments5876655
Deferred income tax assets896
Total noncurrent assets:2125231313109
Other undisclosed assets1,5191,5951,4661,3001,082936846
TOTAL ASSETS:2,1362,0781,6811,4671,1371,016885
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation  1351051158085
Long-term debt, excluding current maturities  1351051158085
Total noncurrent liabilities:  1351051158085
Other undisclosed liabilities1,9041,8761,3671,208888809688
Total liabilities:1,9041,8761,5021,3121,003889773
Stockholders' equity
Stockholders' equity attributable to parent232201178154135127112
Preferred stock0011162020
Common stock1111111
Treasury stock, value(3)(3)(3)(3)(3)(3)(3)
Additional paid in capital135135135113826254
Accumulated other comprehensive income (loss)000(1)(0)(0)(0)
Retained earnings98674442394741
Stockholders' equity attributable to noncontrolling interest 221 (0)0
Total stockholders' equity:232203179155135127112
TOTAL LIABILITIES AND EQUITY:2,1362,0781,6811,4671,1371,016885

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues82837661505345
Net investment income81837660484239
Financial services revenue2116
Cost of revenue(1)(8)(3)(2)(3)(1)(3)
Provision for loan, lease, and other losses(1)(8)(3)(2)
Financial services costs(3)(1)(3)
Gross profit:81767459475142
Operating expenses(7)(5)(5)(4)(11)(11)(11)
Other operating income, net
(Noninterest Income, Other Operating Income)
1101111
Operating income:75716956374132
Nonoperating income (expense)100(0)(1)(1)(2)
Gains (losses) on sales of other real estate0(0)(0)(1)(1)(2)(2)
Bank owned life insurance income1111110
Interest and debt expense(13)(22)(23)(14)(8)(7)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(7)(10)(7)(8)(4)(6)(6)
Income from continuing operations before income taxes:55394033242819
Income tax expense(14)(10)(10)(8)(12)(9)(7)
Net income:41293025121912
Net income (loss) attributable to noncontrolling interest(0)(0)(0)00(0)(1)
Other undisclosed net loss attributable to parent   (0)   
Net income attributable to parent:41283025121911
Preferred stock dividends and other adjustments(0)(0)(0)(0)(1)(1)(1)
Net income available to common stockholders, diluted:4128302411179

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:41293025121912
Other undisclosed comprehensive income (loss)(0)01(1)(12)(19)(12)
Comprehensive income (loss):412931250(0)(0)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)0(0)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent    111811
Comprehensive income, net of tax, attributable to parent:4129312411179

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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