Parke Bancorp (Parke Bancorp) Allowance For Loans And Lease Losses : $-32.13 Mil (As of Dec. 2023)

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What is Parke Bancorp Allowance For Loans And Lease Losses?

Parke Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-32.13 Mil.

Parke Bancorp's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-32.02 Mil) to Sep. 2023 ($-32.32 Mil) but then increased from Sep. 2023 ($-32.32 Mil) to Dec. 2023 ($-32.13 Mil).

Parke Bancorp's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-29.85 Mil) to Dec. 2022 ($-31.85 Mil) and declined from Dec. 2022 ($-31.85 Mil) to Dec. 2023 ($-32.13 Mil).

Parke Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for Parke Bancorp's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Parke Bancorp Allowance For Loans And Lease Losses Chart

Parke Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-21.81

-29.70

-29.85

-31.85

-32.13

Parke Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-31.51	-32.02	-32.32	-32.13	-31.92

Parke Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Parke Bancorp Allowance For Loans And Lease Losses Related Terms

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Parke Bancorp (Parke Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Parke Bancorp Inc (NAS:PKBK) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Delsea Drive, Washington Township, NJ, USA, 08080

Website

https://www.parkebank.com

Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposit services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. The Company operates one reportable segment of business, community banking.

Executives

Jeffrey H Kripitz	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Vito S Pantilione	director, officer: President	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Nicholas J Pantilione	officer: SVP & Chief Lending Officer	601 DELSEA DRIVE, SEWELL NJ 08080
Ralph Martin Gallo	officer: Executive VP/COO	601 DELSEA DRIVE, SEWELL NJ 08080
Arret F Dobson	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Daniel J Dalton	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Celestino R Pennoni	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Paul E Palmieri	officer: SVP & Chief Credit Officer	601 DELSEA DRIVE, SEWELL NJ 08080
Edward Infantolino	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Sheppard Jack C Jr	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
John S Kaufman	officer: SVP and CFO	1902 LONG HILL ROAD, MILLINGTON NJ 07946
John F Hawkins	officer: CFO/SVP	601 DELSEA DRIVE, SEWELL NJ 08080
Anthony J Jannetti	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Elizabeth A Milavsky	officer: Chief Operating Officer/EVP	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Fred G Choate	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080