Parke Bank

601 Delsea Drive
Sewell, NJ 08080


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34888
Date Established 1999
Assets $1.47 billion
Loans $1.22 billion
Deposits $1.19 billion
Capital $0.17 billion

Parke Bank is an FDIC insured institution located in Sewell, NJ. It was founded in 1999 and has approximately $1.47 billion in assets. Customers can open an account at one of its 8 branches.

For a more detailed analysis of Parke Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Parke Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in New Jersey, Parke Bank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 44.61
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 9.73
Construction and Development Loans 11.44
Commercial Real Estate 37.13
Commercial and Industrial Loans 1.81
Farm Loans 0.00

Deposit Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $2,500 - Learn MoreShow Less
6 Mo CD
0.75% $500 - Learn MoreShow Less
12 Mo CD
1.10% $500 - Learn MoreShow Less
Special: 16 Mo CD
2.75% $500 - Learn MoreShow Less
18 Mo CD
1.20% $500 - Learn MoreShow Less
24 Mo CD
1.50% $500 - Learn MoreShow Less
36 Mo CD
1.55% $500 - Learn MoreShow Less
48 Mo CD
1.60% $500 - Learn MoreShow Less
60 Mo CD
1.85% $500 - Learn MoreShow Less

Fixed IRA
1.10% $500 - Learn MoreShow Less
Special: 16 Mo FIRA
2.75% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.30% $1,000 $9,999 Learn MoreShow Less

Loan Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 6.50% 6.50% $766.23
4 Year 6.75% 6.75% $595.76
5 Year 7.00% 7.00% $495.03
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


Parke Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Parke Bank Locations

Financial Details

Parke Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Parke Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Parke Bank U.S. Bank Average
4.39% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Parke Bank had $3,065,000 in non-current loans and $5,124,000 in owned real estate. To cover these potential losses it had $167,445,000 in equity and $19,075,000 in loans loss reserves. That gives it a Texas Ratio of 4.39%.

Return on Equity
Parke Bank U.S. Bank Average
16.37% 8.80%

Parke Bank has a Return on Equity of 16.37% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Parke Bank U.S. Bank Average
11.41% 12.29%

Parke Bank has a Capitalization of 11.41% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Parke Bank Balance Sheet Analysis

As of December 31, 2018, Parke Bank had assets of $1,466,992,000, loans of $1,222,501,000, and deposits of $1,185,922,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
Cash & Balances due from depository institutions $0.15 billion
Interest-bearing balances $0.15 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.22 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.05 billion
     Total Assets $1.30 billion
Total deposits $1.19 billion
      Interest-bearing deposits $0.82 billion
      Deposits held in domestic offices $1.19 billion
      % insured (estimated) 48.47%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.10 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.30 billion
      Shareholders’ Equity $0.17 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About Parke Bank

Branches and Savings

Is Parke Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34888.

Why does Parke Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Parke Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Parke Bank a commercial bank?


Where are Parke Bank locations?

See branch locations nearby.

Is Parke Bank open on Saturdays?

Is Parke Bank open on Sundays?

What time does Parke Bank open?

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Are Parke Bank ATMs Open 24/7?

Do Parke Bank ATMs accept cash deposits?

Can Parke Bank customers use other ATMs?

Do Parke Bank branches have notaries?

Will Parke Bank notarize my document?

What address for Parke Bank should I put for incoming ACH transfers?

Will the Parke Bank branch print checks?

Do Parke Bank checks expire?

Does Parke Bank require US citizenship to open account?

Can Parke Bank close my account?

Does Parke Bank Report to credit bureaus?

Does Parke Bank Use Equifax?

What is Parke Bank's ACH Routing Number?

What is Parke Bank's SWIFT code?


Does Parke Bank offer mortgages?

Compare mortgage rates here.

Does Parke Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Parke Bank offer personal loans?

Compare personal loan rates here.

Does Parke Bank offer student loans?

Will Parke Bank cash a check?

Will Parke Bank redeem a savings bond?

Does Parke Bank cash savings bonds?

Will Parke Bank cash money orders?

Can Parke Bank issue a money order?

Does Parke Bank do currency exchange?

Background on The Bank

Who owns Parke Bank?

How long has Parke Bank been around?

Can Parke Bank transfer to other banks?

Does Parke Bank have quick pay?

Does Parke Bank accept rolled coins?

Will Parke Bank accept loose change?

Where is Parke Bank headquarters?

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