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)

12/31/2020
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 investments45919215442712736
Cash and cash equivalents45919215442712736
Disposal group, including discontinued operation     33
Total current assets:45919215442713039
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment7777554
Restricted cash and investments8766553
Deferred income tax assets96
Total noncurrent assets:252313131098
Other undisclosed assets1,5951,4661,3001,082936846775
TOTAL ASSETS:2,0781,6811,4671,1371,016885822
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation 135105115808549
Long-term debt, excluding current maturities 135105115808549
Total noncurrent liabilities: 135105115808549
Other undisclosed liabilities1,8761,3671,208888809688669
Total liabilities:1,8761,5021,3121,003889773719
Stockholders' equity
Stockholders' equity attributable to parent201178154135127112103
Preferred stock01116202020
Common stock1111111
Treasury stock, value(3)(3)(3)(3)(3)(3)(2)
Additional paid in capital13513511382625451
Accumulated other comprehensive income (loss)00(1)(0)(0)(0)0
Retained earnings67444239474133
Stockholders' equity attributable to noncontrolling interest221 (0)00
Total stockholders' equity:203179155135127112103
TOTAL LIABILITIES AND EQUITY:2,0781,6811,4671,1371,016885822

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues83766150534545
Net investment income83766048423938
Financial services revenue21167
Cost of revenue(8)(3)(2)(3)(1)(3)(3)
Provision for loan, lease, and other losses(8)(3)(2)
Financial services costs(3)(1)(3)(3)
Gross profit:76745947514241
Operating expenses(5)(5)(4)(11)(11)(11)(11)
Other operating income, net
(Noninterest Income, Other Operating Income)
1011111
Operating income:71695637413232
Nonoperating income (expense)00(0)(1)(1)(2)(0)
Investment income, nonoperating      0
Losses on sales of other real estate(0)(0)(1)(1)(2)(2)(1)
Bank owned life insurance income1111100
Interest and debt expense(22)(23)(14)(8)(7)(6)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(10)(7)(8)(4)(6)(6)(8)
Income from continuing operations before income taxes:39403324281918
Income tax expense(10)(10)(8)(12)(9)(7)(6)
Net income:29302512191212
Net income (loss) attributable to noncontrolling interest(0)(0)00(0)(1)(2)
Other undisclosed net loss attributable to parent  (0)    
Net income attributable to parent:28302512191110
Preferred stock dividends and other adjustments(0)(0)(0)(1)(1)(1)(1)
Net income available to common stockholders, diluted:283024111799

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:29302512191212
Other undisclosed comprehensive income (loss)01(1)(12)(19)(12)(12)
Comprehensive income (loss):2931250(0)(0)0
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(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:2931241117910

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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