ParkeBank

Parke Bancorp, Inc. was incorporated in January 2005 while ParkeBank commenced operations in January 1999. Parke Bancorp and ParkeBank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey. ParkeBank conducts business through a branch office in Northfield, New Jersey, two branch offices in Washington Township, New Jersey, a branch office in Galloway Township, New Jersey and a branch in center city Philadelphia. ParkeBank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small-sized businesses primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania. ParkeBank’s deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). Parke Bancorp’s common stock is traded on the NASDAQ Capital Market under the symbol “PKBK”.
Company Growth (employees)
Type
Public
HQ
Washington Township, US
Size (employees)
67 (est)+4%
ParkeBank is headquartered in Washington Township, US

ParkeBank Office Locations

ParkeBank has an office in Washington Township
Washington Township, US (HQ)
601 Delsea Dr

ParkeBank Data and Metrics

ParkeBank Financial Metrics

ParkeBank's revenue was reported to be $11.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

11.5 m

Gross profit (Q1, 2017)

9.7 m

Gross profit margin (Q1, 2017), %

84%

Net income (Q1, 2017)

3.5 m

EBIT (Q1, 2017)

8.8 m

Market capitalization (15-Aug-2017)

187.5 m

Cash (31-Mar-2017)

39.7 m
ParkeBank's current market capitalization is $187.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

36.8 m38.1 m39.4 m52.5 m

Revenue growth, %

4%3%33%

Cost of goods sold

5.8 m6.8 m

Gross profit

33.6 m45.7 m

Gross profit Margin, %

85%87%

Operating expense total

16.9 m16.6 m

EBIT

30.6 m34 m

EBIT margin, %

78%65%

Pre tax profit

18.8 m27.6 m

Income tax expense

6.8 m8.7 m

Net Income

7.8 m12.3 m11.9 m18.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

10.8 m12 m11.5 m18.9 m10.5 m11.5 m

Cost of goods sold

1.5 m1.5 m1.6 m1.7 m1.7 m1.8 m

Gross profit

9.3 m10.5 m9.9 m17.2 m8.8 m9.7 m

Gross profit Margin, %

86%87%86%91%84%84%

Sales and marketing expense

1.9 m1.9 m2.1 m1.8 m1.7 m1.9 m

R&D expense

111 k134 k133 k131 k236 k181 k

General and administrative expense

306 k318 k332 k311 k315 k343 k

Operating expense total

2.3 m2.3 m2.6 m2.2 m2.2 m2.4 m

EBIT

7.7 m7 m8.1 m9.4 m8 m8.8 m

EBIT margin, %

71%58%70%50%76%76%

Pre tax profit

4.3 m4.7 m4.5 m13.9 m3.9 m5.5 m

Income tax expense

1.4 m1.7 m1.5 m5.2 m51 k2 m

Net Income

5.3 m10 m2.6 m5.5 m8.4 m3 m11.7 m15.6 m3.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

45.7 m36.2 m27.4 m70.7 m

Accounts Receivable

2.7 m2.8 m3 m3.1 m

PP&E

3.9 m4.5 m4.6 m5.2 m

Total Assets

794.9 m821.7 m885.1 m1 b

Accounts Payable

423 k445 k494 k788.7 m

Total Debt

13.4 m

Total Liabilities

889.1 m

Additional Paid-in Capital

51.2 m51.3 m54 m62.3 m

Retained Earnings

24.3 m33 m40.6 m47.5 m

Total Equity

92.6 m103.1 m112.2 m127.1 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

8.6 x8 x7.9 x8 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

49.4 m22.6 m26.9 m52.6 m52.1 m39.7 m

PP&E

4.5 m4.5 m4.6 m4.8 m5 m5.2 m

Total Assets

868.7 m864.7 m926.7 m924.5 m954.6 m1 b

Accounts Payable

672.7 m655.5 m703 m712.8 m739.9 m787 m

Additional Paid-in Capital

52.5 m53.2 m54 m62.1 m62.1 m62.5 m

Retained Earnings

36.4 m38.1 m42.4 m42.1 m45.1 m50 m

Total Equity

107 m109.5 m114.8 m122.2 m125.2 m129.7 m

Financial Leverage

8.1 x7.9 x8.1 x7.6 x7.6 x7.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

7.8 m12.3 m11.9 m18.9 m

Depreciation and Amortization

337 k348 k251 k270 k

Cash From Operating Activities

5.6 m26.5 m5.1 m12.7 m

Cash From Investing Activities

(51.9 m)(47.8 m)(64.4 m)(84.3 m)

Cash From Financing Activities

15.1 m11.8 m50.6 m114.9 m

Income Taxes Paid

4.8 m5.3 m6.5 m10 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

5.3 m10 m2.6 m5.5 m8.4 m3 m11.7 m15.6 m3.5 m

Depreciation and Amortization

175 k266 k79 k157 k239 k78 k154 k181 k69 k

Cash From Operating Activities

4.5 m17.7 m1.8 m6.6 m9 m1 m7.9 m11.8 m3 m

Cash From Investing Activities

2.9 m(12.4 m)(29.2 m)(37.8 m)(59.1 m)(43.5 m)(13.1 m)(43.7 m)(31.5 m)

Cash From Financing Activities

16.8 m8.3 m30.9 m44.3 m36.5 m42 m30.4 m56.7 m(2.4 m)

Income Taxes Paid

4.3 m4.3 m2.5 m2.9 m6 m1.1 m4.3 m6 m2 m
USDY, 2017

Revenue/Employee

176.8 k

Financial Leverage

7.8 x

ParkeBank Market Value History

Traffic Overview of ParkeBank

ParkeBank Online and Social Media Presence

ParkeBank Company Life and Culture

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