REGULATORY MATTERS

9 Months Ended

Sep. 30, 2016

Banking and Thrift [Abstract]

REGULATORY MATTERS

REGULATORY MATTERS

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).

Parke Bancorp, Inc.	Actual				For Capital Adequacy Purposes				To be Well- Capitalized Under Prompt Corrective Action Provisions
As of September 30, 2016	Amount		Ratio		Amount		Ratio		Amount	Ratio
(amounts in thousands except ratios)
Total Risk Based Capital (to Risk Weighted Assets)	$	151,208	18.43	%	$	65,652	8.0	%	N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)	$	140,893	17.17	%	$	49,239	6.0	%	N/A	N/A
Tier 1 Capital Common Equity (to Risk Weighted Assets)	$	107,893	13.15	%	$	36,929	4.5	%	N/A	N/A
Tier 1 Capital (to Average Assets)	$	140,893	15.38	%	$	36,654	4.0	%	N/A	N/A

Parke Bancorp, Inc.	Actual				For Capital Adequacy Purposes				To be Well- Capitalized Under Prompt Corrective Action Provisions
As of December 31, 2015	Amount		Ratio		Amount		Ratio		Amount	Ratio
(amounts in thousands except ratios)
Total Risk Based Capital (to Risk Weighted Assets)	$	135,258	17.24	%	$	62,777	8.0	%	N/A	N/A
Tier 1 Capital (to Risk Weighted Assets)	$	125,371	15.98	%	$	47,083	6.0	%	N/A	N/A
Tier 1 Capital Common Equity (to Risk Weighted Assets)	$	92,371	11.77	%	$	35,312	4.5	%	N/A	N/A
Tier 1 Capital (to Average Assets)	$	125,371	14.69	%	$	34,133	4.0	%	N/A	N/A

Parke Bank	Actual				For Capital Adequacy Purposes				To be Well- Capitalized Under Prompt Corrective Action Provisions
As of September 30, 2016	Amount		Ratio		Amount		Ratio		Amount		Ratio
(amounts in thousands except ratios)
Total Risk Based Capital (to Risk Weighted Assets)	$	147,779	18.01	%	$	65,652	8.0	%	$	82,065	10.0	%
Tier 1 Capital (to Risk Weighted Assets)	$	137,464	16.75	%	$	49,239	6.0	%	$	65,652	8.0	%
Tier 1 Capital Common Equity (to Risk Weighted Assets)	$	137,464	16.75	%	$	36,929	4.5	%	$	53,342	6.5	%
Tier 1 Capital (to Average Assets)	$	137,464	15.00	%	$	36,654	4.0	%	$	45,818	5.0	%

Parke Bank	Actual				For Capital Adequacy Purposes				To be Well- Capitalized Under Prompt Corrective Action Provisions
As of December 31, 2015	Amount		Ratio		Amount		Ratio		Amount		Ratio
(amounts in thousands except ratios)
Total Risk Based Capital (to Risk Weighted Assets)	$	134,415	17.13	%	$	62,777	8.0	%	$	78,471	10.0	%
Tier 1 Capital (to Risk Weighted Assets)	$	124,528	15.87	%	$	47,082	6.0	%	$	62,777	8.0	%
Tier 1 Capital Common Equity (to Risk Weighted Assets)	$	124,528	15.87	%	$	35,312	4.5	%	51,006		6.5	%
Tier 1 Capital (to Average Assets)	$	124,528	14.59	%	$	34,133	4.0	%	$	42,666	5.0	%