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REGULATORY RESTRICTIONS
6 Months Ended
Jun. 30, 2015
Banking and Thrift [Abstract]  
REGULATORY RESTRICTIONS
REGULATORY RESTRICTIONS

The Company and the Bank are subject to various regulatory capital requirements of federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company and the Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies.

Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined).

 
Actual
 
For Capital Adequacy
Purposes
 
To be Well- Capitalized
Under Prompt Corrective
Action Provisions
Parke Bancorp, Inc.
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
As of June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
(amounts in thousands except ratios)
 
 
 
 
 
 
 
 
 
 
 
Total Risk Based Capital
(to Risk Weighted Assets)
$
129,629

 
17.34
%
 
$
59,803

 
8
%
 
N/A
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital
(to Risk Weighted Assets)
$
120,190

 
16.08
%
 
$
29,901

 
4
%
 
N/A
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital
(to Average Assets)
$
120,190

 
14.28
%
 
$
33,676

 
4
%
 
N/A
 
N/A

 
Actual
 
For Capital Adequacy
Purposes
 
To be Well- Capitalized
Under Prompt Corrective
Action Provisions
Parke Bancorp, Inc.
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
As of December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
(amounts in thousands except ratios)
 
 
 
 
 
 
 
 
 
 
 
Total Risk Based Capital
(to Risk Weighted Assets)
$
123,539

 
17.23
%
 
$
57,367

 
8
%
 
N/A
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital
(to Risk Weighted Assets)
$
114,593

 
15.98
%
 
$
28,684

 
4
%
 
N/A
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital
(to Average Assets)
$
114,593

 
14.12
%
 
$
32,460

 
4
%
 
N/A
 
N/A

 
Actual
 
For Capital Adequacy
Purposes
 
To be Well- Capitalized
Under Prompt Corrective
Action Provisions
Parke Bank
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
As of June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
(amounts in thousands except ratios)
 
 
 
 
 
 
 
 
 
 
 
Total Risk Based Capital
(to Risk Weighted Assets)
$
128,842

 
17.23
%
 
$
59,803

 
8
%
 
$
74,754

 
10
%
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital
(to Risk Weighted Assets)
$
119,396

 
15.97
%
 
$
29,901

 
4
%
 
$
44,852

 
6
%
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital Common Equity
(to Risk Weighted Assets)
$
119,396

 
15.97
%
 
$
29,901

 
4
%
 
$
44,852

 
6
%
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital
(to Average Assets)
$
119,396

 
14.20
%
 
$
33,635

 
4
%
 
$
42,043

 
5
%

 
Actual
 
For Capital Adequacy
Purposes
 
To be Well- Capitalized
Under Prompt Corrective
Action Provisions
Parke Bank
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
As of December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
(amounts in thousands except ratios)
 
 
 
 
 
 
 
 
 
 
 
Total Risk Based Capital
(to Risk Weighted Assets)
$
123,609

 
17.22
%
 
$
57,426

 
8
%
 
$
71,783

 
10
%
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital
(to Risk Weighted Assets)
$
114,664

 
15.97
%
 
$
28,713

 
4
%
 
$
43,070

 
6
%
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 Capital
(to Average Assets)
$
114,664

 
14.27
%
 
$
32,150

 
4
%
 
$
40,188

 
5
%