PARKE
BANCORP, INC.
|
(Exact
name of Registrant as specified in its
Charter)
|
New
Jersey
|
65-1241959
|
|
(State
or other Jurisdiction of
Incorporation
or Organization)
|
(I.R.S.
Employer Identification No.)
|
601
Delsea Drive, Washington Township, New Jersey
|
08080
|
|||
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Title
of Each Class
|
Name
of Each Exchange on Which Registered
|
|
Common
Stock, $0.10 par value
|
The
Nasdaq Stock Market LLC
|
Large
accelerated filer [ ]
|
Accelerated
filer [ ]
|
Non-accelerated
filer [ ]
|
Smaller
reporting company [ X ]
|
1.
|
Portions
of the Annual Report to Shareholders for the Fiscal Year Ended December
31, 2009. (Parts II and IV)
|
2.
|
Portions
of the Proxy Statement for the 2010 Annual Meeting of Shareholders. (Parts
II and III)
|
PART 1
|
Page
|
|||
Item
1.
|
Business
|
1
|
||
Item
1A.
|
Risk
Factors
|
23
|
||
Item
1B.
|
Unresolved
Staff Comments
|
23
|
||
Item
2.
|
Properties
|
23
|
||
Item
3.
|
Legal
Proceedings
|
23
|
||
Item
4.
|
Reserved
|
23
|
||
PART II
|
||||
Item
5.
|
Market
for Common Equity, Related stockholder Matters and Issuer Purchases of
Equity Securities
|
24
|
||
Item
6.
|
Selected
Financial Data
|
24
|
||
Item
7.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
24
|
||
Item
7A.
|
Quantitative
and Qualitative Disclosures About Market Risk
|
24
|
||
Item
8.
|
Financial
Statements and Supplementary Data
|
24
|
||
Item
9.
|
Changes
and Disagreements with Accountants on Accounting and
Financial
Disclosure
|
24
|
||
Item
9A(T).
|
Controls
and Procedures
|
25
|
||
Item
9B.
|
Other
Information
|
25
|
||
PART III
|
||||
Item
10.
|
Directors,
Executive Officers and Corporate Governance
|
25
|
||
Item
11.
|
Executive
Compensation
|
26
|
||
Item
12.
|
Security
Ownership of Certain Beneficial Owners and Management and
Related
Stockholder Matters
|
26
|
||
Item
13.
|
Certain
Relationships and Related Transactions, and Director
Independence
|
26
|
||
Item
14.
|
Principal
Accountant Fees and Services
|
27
|
||
PART IV
|
||||
Item
15.
|
Exhibits
and Financial Statement Schedules
|
27
|
||
Signatures
|
Item
1.
|
Business
|
At
December 31,
|
|||||||||||||||||||||||||
2009
|
2008
|
2007
|
2006
|
2005
|
|||||||||||||||||||||
Amount
|
Percentage
|
Amount
|
Percentage
|
Amount
|
Percentage
|
Amount
|
Percentage
|
Amount
|
Percentage
|
||||||||||||||||
(Amounts
in thousands, except percentages)
|
|||||||||||||||||||||||||
Commercial
|
$
|
20,174
|
3.3
|
%
|
$
|
19,935
|
3.6
|
%
|
$
|
14,899
|
3.7
|
%
|
$
|
13,436
|
4.3
|
%
|
$
|
11,053
|
4.3
|
%
|
|||||
Real
estate construction
|
|||||||||||||||||||||||||
Residential
|
89,006
|
14.7
|
87,327
|
15.9
|
2,091
|
0.5
|
2,465
|
0.8
|
1,174
|
0.5
|
|||||||||||||||
Commercial
|
27,327
|
4.5
|
31,582
|
5.8
|
106,320
|
26.0
|
69,254
|
22.3
|
70,157
|
27.1
|
|||||||||||||||
Real
estate mortgage
|
|||||||||||||||||||||||||
Residential
|
143,385
|
23.8
|
90,226
|
16.5
|
24,488
|
6.0
|
19,727
|
6.4
|
17,309
|
6.7
|
|||||||||||||||
Commercial
|
310,484
|
51.5
|
308,457
|
56.3
|
242,668
|
59.4
|
198,668
|
64.0
|
154,288
|
59.6
|
|||||||||||||||
Consumer
|
13,025
|
2.2
|
10,133
|
1.9
|
17,923
|
4.4
|
7,005
|
2.2
|
5,054
|
1.8
|
|||||||||||||||
Total
Loans
|
$
|
603,401
|
100.00
|
%
|
$
|
547,660
|
100.00
|
%
|
$
|
408,389
|
100.0
|
%
|
$
|
310,555
|
100.0
|
%
|
$
|
259,035
|
100.0
|
%
|
Due
within
one
year
|
Due
after one
through
five
years
|
Due
after
five
years
|
Total
|
|||||||||
(Amounts
in thousands)
|
||||||||||||
Commercial
|
$
|
9,136
|
$
|
4,642
|
$
|
6,396
|
$
|
20,174
|
||||
Real
estate construction
|
||||||||||||
Residential
|
62,513
|
15,080
|
11,413
|
89,006
|
||||||||
Commercial
|
15,276
|
6,447
|
5,604
|
27,327
|
||||||||
Real
estate mortgage
|
||||||||||||
Residential
|
36,622
|
8,446
|
98,317
|
143,385
|
||||||||
Commercial
|
72,740
|
47,644
|
190,100
|
310,484
|
||||||||
Consumer
|
1,546
|
145
|
11,334
|
13,025
|
||||||||
Total
Loans
|
$
|
197,833
|
$
|
82,404
|
$
|
323,164
|
$
|
603,401
|
Fixed
Rates
|
Floating
or
Adjustable
Rates
|
Total
|
|||||||||
(Amounts
in thousands)
|
|||||||||||
Commercial
|
$
|
3,013
|
$
|
8,025
|
$
|
11,038
|
|||||
Real
estate construction
|
|||||||||||
Residential
|
11,586
|
14,907
|
26,493
|
||||||||
Commercial
|
2,490
|
9,561
|
12,051
|
||||||||
Real
estate mortgage
|
|||||||||||
Residential
|
46,391
|
60,372
|
106,763
|
||||||||
Commercial
|
23,764
|
213,980
|
237,744
|
||||||||
Consumer
|
11,107
|
372
|
11,479
|
||||||||
Total
Loans
|
$
|
98,351
|
$
|
307,217
|
$
|
405,568
|
At
December 31,
|
|||||||||||||||
2009
|
2008
|
2007
|
2006
|
2005
|
|||||||||||
(Amounts
in thousands, except percentages)
|
|||||||||||||||
Loans
accounted for on a non-accrual basis:
|
|||||||||||||||
Commercial
|
$
|
350
|
$
|
41
|
$
|
52
|
$
|
91
|
$
|
50
|
|||||
Real
Estate Construction
|
|||||||||||||||
Residential
|
18,895
|
5,905
|
—
|
—
|
—
|
||||||||||
Commercial
|
198
|
—
|
325
|
—
|
—
|
||||||||||
Real
Estate Mortgage
|
|||||||||||||||
Residential
|
2,511
|
897
|
7
|
—
|
20
|
||||||||||
Commercial
|
3,381
|
1,380
|
367
|
687
|
1,865
|
||||||||||
Consumer
|
117
|
—
|
54
|
—
|
—
|
||||||||||
Total
non-accrual loans
|
25,452
|
8,223
|
805
|
778
|
1,935
|
||||||||||
Accruing
loans delinquent 90 days or more:
|
|||||||||||||||
Commercial
|
—
|
—
|
—
|
—
|
—
|
||||||||||
Real
Estate Construction
|
|||||||||||||||
Residential
|
—
|
—
|
—
|
—
|
—
|
||||||||||
Commercial
|
—
|
—
|
—
|
—
|
—
|
||||||||||
Real
Estate Mortgage
|
|||||||||||||||
Residential
|
—
|
—
|
—
|
—
|
—
|
||||||||||
Commercial
|
—
|
—
|
—
|
267
|
655
|
||||||||||
Consumer
|
—
|
—
|
—
|
—
|
—
|
||||||||||
Total
|
—
|
—
|
—
|
267
|
655
|
||||||||||
Total
non-performing loans
|
$
|
25,452
|
$
|
8,223
|
$
|
805
|
$
|
1,045
|
$
|
2,600
|
|||||
Total
non-performing loans as a percentage of loans
|
4.2
|
%
|
1.50
|
%
|
0.20
|
%
|
0.34
|
%
|
1.00
|
%
|
|||||
Loan
Balance
|
|||
(Amounts
in thousands)
|
|||
Special
mention
|
$
|
25,123
|
|
Substandard
|
26,426
|
||
Doubtful
|
—
|
||
Loss
|
—
|
||
$
|
51,549
|
For
the Year Ended December 31,
|
||||||||||||||||||||||||
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||||||
(Amounts
in thousands, except percentages)
|
||||||||||||||||||||||||
Balance
at beginning of the period
|
$
|
7,777
|
$
|
5,706
|
$
|
4,511
|
$
|
3,574
|
$
|
2,621
|
||||||||||||||
Charge-offs:
|
||||||||||||||||||||||||
Commercial
|
(73
|
)
|
—
|
—
|
—
|
—
|
||||||||||||||||||
Real
estate construction
|
||||||||||||||||||||||||
Residential
|
(600
|
)
|
—
|
—
|
—
|
—
|
||||||||||||||||||
Commercial
|
—
|
—
|
—
|
—
|
(227
|
)
|
||||||||||||||||||
Real
estate mortgage
|
||||||||||||||||||||||||
Residential
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||
Commercial
|
—
|
—
|
(200
|
)
|
—
|
—
|
||||||||||||||||||
Consumer
|
—
|
(5
|
)
|
—
|
(3
|
)
|
—
|
|||||||||||||||||
Total
charge-offs:
|
(673
|
)
|
(5
|
)
|
(200
|
)
|
(3
|
)
|
(227
|
)
|
||||||||||||||
Recoveries:
|
||||||||||||||||||||||||
Commercial
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||
Real
estate construction
|
||||||||||||||||||||||||
Residential
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||
Commercial
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||
Real
estate mortgage
|
||||||||||||||||||||||||
Residential
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||
Commercial
|
—
|
—
|
234
|
—
|
—
|
|||||||||||||||||||
Consumer
|
—
|
13
|
—
|
—
|
—
|
|||||||||||||||||||
Total
recoveries:
|
—
|
13
|
234
|
—
|
—
|
|||||||||||||||||||
Net
recoveries (charge-offs)
|
(673
|
)
|
8
|
34
|
(3
|
)
|
(227
|
)
|
||||||||||||||||
Provision
for loan losses
|
5,300
|
2,063
|
1,161
|
940
|
1,180
|
|||||||||||||||||||
Balance
at end of period
|
$
|
12,404
|
$
|
7,777
|
$
|
5,706
|
$
|
4,511
|
$
|
3,574
|
||||||||||||||
Period-end
loans outstanding (net of deferred costs/fees)
|
$
|
603,401
|
$
|
547,660
|
$
|
408,389
|
$
|
310,555
|
$
|
295,035
|
||||||||||||||
Average
loans outstanding
|
$
|
621,619
|
$
|
476,994
|
$
|
365,884
|
$
|
286,691
|
$
|
219,217
|
||||||||||||||
Allowance
as a percentage of period end loans
|
2.06
|
%
|
1.42
|
%
|
1.40
|
%
|
1.45
|
%
|
1.38
|
%
|
||||||||||||||
Net
loans charged off as a percentage of average loans
outstanding
|
0.11
|
%
|
0.00
|
%
|
(
0.01
|
)%
|
0.00
|
%
|
0.10
|
%
|
At
December 31,
|
||||||||||||||||||||||||||||||
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||||||||||||
Amount
|
Percentage
|
Amount
|
Percentage
|
Amount
|
Percentage
|
Amount
|
Percentage
|
Amount
|
Percentage
|
|||||||||||||||||||||
(Amounts
in thousands, except percentages)
|
||||||||||||||||||||||||||||||
Commercial
|
$
|
409
|
3.3
|
%
|
$
|
283
|
3.6
|
%
|
$
|
209
|
3.7
|
%
|
$
|
188
|
4.3
|
%
|
$
|
154
|
4.3
|
%
|
||||||||||
Real
estate construction:
|
||||||||||||||||||||||||||||||
Residential
|
1,823
|
14.7
|
1,240
|
15.9
|
22
|
0.4
|
25
|
0.8
|
18
|
0.5
|
||||||||||||||||||||
Commercial
|
558
|
4.5
|
448
|
5.8
|
1,489
|
26.1
|
847
|
22.3
|
969
|
27.1
|
||||||||||||||||||||
Real
estate mortgage:
|
||||||||||||||||||||||||||||||
Residential
|
2,952
|
23.8
|
1,281
|
16.5
|
257
|
4.5
|
218
|
6.4
|
239
|
6.7
|
||||||||||||||||||||
Commercial
|
6,389
|
51.5
|
4,381
|
56.3
|
3,568
|
62.5
|
3,185
|
64.0
|
2,130
|
59.6
|
||||||||||||||||||||
Consumer
|
273
|
2.2
|
144
|
1.9
|
161
|
2.8
|
48
|
2.2
|
64
|
1.8
|
||||||||||||||||||||
Total
Allowance
|
$
|
12,404
|
100.0
|
%
|
$
|
7,777
|
100.0
|
%
|
$
|
5,706
|
100.0
|
%
|
$
|
4,511
|
100.0
|
%
|
$
|
3,574
|
100.0
|
%
|
At
December 31,
|
||||||||||||||
2009
|
2008
|
2007
|
||||||||||||
(Amounts
in thousands)
|
||||||||||||||
Securities Held to
Maturity:
|
||||||||||||||
Municipals
|
$
|
2,509
|
$
|
2,482
|
$
|
2,456
|
||||||||
Securities Available
for Sale:
|
||||||||||||||
U.S.
government-sponsored entity securities
|
3,232
|
2,011
|
5,499
|
|||||||||||
Mortgage-backed
securities
|
23,507
|
25,150
|
17,442
|
|||||||||||
Corporate
and trust preferred securities
|
2,681
|
4,769
|
6,841
|
|||||||||||
Total
securities available for sale
|
29,420
|
31,930
|
29,782
|
|||||||||||
Total
|
$
|
31,929
|
$
|
34,412
|
$
|
32,238
|
At
December 31, 2009
|
||||||||||||||||||||||||||||||||||||||
One
Year or Less
|
One
to Five Years
|
Five
to Ten Years
|
More
Than Ten Years
|
Total
Investment Securities
|
||||||||||||||||||||||||||||||||||
Amort-
ized
Cost
|
Average
Yield
|
Amort-
ized
Cost
|
Average
Yield
|
Amort-
ized
Cost
|
Average
Yield
|
Amort-
ized
Cost
|
Average
Yield
|
Amort-
ized
Cost
|
Average
Yield
|
Fair
Value
|
||||||||||||||||||||||||||||
(Amounts
in thousands, except yields)
|
||||||||||||||||||||||||||||||||||||||
Securities Held to
Maturity:
|
||||||||||||||||||||||||||||||||||||||
Municipals
|
$
|
541
|
2.9
|
%
|
$
|
—
|
—
|
%
|
$
|
—
|
—
|
%
|
$
|
1,968
|
4.7
|
%
|
$
|
2,509
|
4.3
|
%
|
$
|
2,404
|
||||||||||||||||
Securities Available for
Sale:
|
||||||||||||||||||||||||||||||||||||||
U.S.
government sponsored entity
|
—
|
—
|
%
|
998
|
2.0
|
%
|
2,275
|
3.6
|
%
|
—
|
—
|
%
|
3,273
|
3.1
|
%
|
3,232
|
||||||||||||||||||||||
Mortgage-backed
securities
|
—
|
—
|
1,940
|
3.5
|
1,892
|
4.4
|
19,125
|
5.0
|
22,957
|
4.8
|
23,507
|
|||||||||||||||||||||||||||
Corporate
|
—
|
—
|
—
|
—
|
—
|
—
|
7,562
|
3.6
|
7,562
|
3.6
|
2,681
|
|||||||||||||||||||||||||||
Total
securities available for sale
|
—
|
—
|
2,938
|
3.0
|
4,167
|
4.0
|
26,687
|
4.6
|
33,792
|
4.4
|
29,420
|
|||||||||||||||||||||||||||
Total
|
$
|
541
|
2.9
|
%
|
$
|
2,938
|
3.0
|
%
|
$
|
4,167
|
4.0
|
%
|
$
|
28,655
|
4.6
|
%
|
$
|
36,301
|
4.4
|
%
|
$
|
31,824
|
2009
|
|||||||||
Average
Balance
|
Yield/Rate
|
Percent
of
Total
|
|||||||
(Amounts
in thousands, except percentages)
|
|||||||||
NOWs
|
$
|
10,945
|
1.41
|
%
|
2.1
|
%
|
|||
Money
markets
|
70,533
|
1.46
|
%
|
13.5
|
|||||
Savings
|
104,586
|
2.11
|
%
|
20.0
|
|||||
Time
deposits
|
181,866
|
3.14
|
%
|
34.6
|
|||||
Brokered
CDs
|
136,168
|
3.36
|
%
|
26.0
|
|||||
Total
interest-bearing deposits
|
504,098
|
2.71
|
%
|
96.2
|
|||||
Non-interest
bearing demand deposits
|
21,488
|
3.8
|
|||||||
Total
deposits
|
$
|
520,313
|
100.0
|
%
|
2008
|
|||||||||
Average
Balance
|
Yield/Rate
|
Percent
of
Total
|
|||||||
(Amounts
in thousands, except percentages)
|
|||||||||
NOWs
|
$
|
11,730
|
2.35
|
%
|
2.7
|
%
|
|||
Money
markets
|
39,146
|
3.06
|
%
|
8.9
|
|||||
Savings
|
42,683
|
3.33
|
%
|
9.7
|
|||||
Time
deposits
|
171,420
|
4.17
|
%
|
39.0
|
|||||
Brokered
CDs
|
153,297
|
4.51
|
%
|
34.8
|
|||||
Total
interest-bearing deposits
|
418,276
|
4.05
|
%
|
95.1
|
|||||
Non-interest
bearing demand deposits
|
21,658
|
4.9
|
|||||||
Total
deposits
|
$
|
439,934
|
100.0
|
%
|
2007
|
|||||||||
Average
Balance
|
Yield/Rate
|
Percent
of
Total
|
|||||||
(Amounts
in thousands, except percentages)
|
|||||||||
NOWs
|
$
|
8,685
|
1.90
|
%
|
2.6
|
%
|
|||
Money
markets
|
26,080
|
4.36
|
%
|
7.7
|
|||||
Savings
|
27,774
|
3.74
|
%
|
8.2
|
|||||
Time
deposits
|
155,284
|
5.09
|
%
|
46.0
|
|||||
Brokered
CDs
|
100,097
|
5.17
|
%
|
29.7
|
|||||
Total
interest-bearing deposits
|
317,920
|
4.85
|
%
|
94.2
|
|||||
Non-interest
bearing demand deposits
|
19,591
|
5.8
|
|||||||
Total
deposits
|
$
|
337,511
|
100.0
|
%
|
Maturity
Period
|
Certificates
of Deposit
|
||
(Amounts
in thousands)
|
|||
Within
three months
|
$
|
15,822
|
|
Three
through twelve months
|
28,682
|
||
Over
twelve months
|
26,596
|
||
Total
|
$
|
71,100
|
|
December
31,
|
||||||||||||||||
2009
|
2008
|
2007
|
||||||||||||||
(Amounts
in thousands, except rates)
|
||||||||||||||||
Amount
outstanding at year end
|
$
|
67,831
|
$
|
61,943
|
$
|
40,322
|
||||||||||
Weighted
average interest rates at year end
|
2.74
|
%
|
4.05
|
%
|
5.43
|
%
|
||||||||||
Maximum
outstanding at any month end
|
$
|
67,831
|
$
|
78,244
|
$
|
49,209
|
||||||||||
Average
outstanding
|
$
|
58,351
|
$
|
54,843
|
$
|
39,502
|
||||||||||
Weighted
average interest rate during the year
|
3.51
|
%
|
4.25
|
%
|
5.51
|
%
|
Item
1B.
|
Unresolved
Staff Comments
|
Item
2.
|
Properties
|
Item
3.
|
Legal
Proceedings
|
Item
4.
|
Reserved
|
Item
5.
|
Market
for Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
|
|
(a)
|
The
information contained under the section captioned “Market Prices and
Dividends” in the Company’s 2009 Annual Report is incorporated herein by
reference.
|
(b)
|
Not
applicable.
|
(c)
|
There
were no treasury stock repurchases during the fourth quarter of
2009.
|
Item
6.
|
Selected
Financial Data
|
Item
7.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
Item
7A.
|
Quantitative
and Qualitative Disclosures About Market
Risk
|
Item
8.
|
Financial
Statements and Supplementary Data
|
Item
9.
|
Changes
in and Disagreements With Accountants on Accounting and Financial
Disclosure
|
Item
9B.
|
Other
Information
|
Item
10.
|
Directors,
Executive Officers and Corporate
Governance
|
Item
11.
|
Executive
Compensation
|
Item
12.
|
Security
Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters
|
( a
)
|
( b
)
|
( c
)
|
||||
Number
of Securities to be
issued upon exercise of outstanding options |
Weighted-average
exercise
price of
outstanding
options
|
Number
of securities
remaining available for issuance under equity compensation plans (excluding securities reflected in column (a)) |
||||
Equity
compensation plans approved by shareholders
|
320,181
|
$ 12.01
|
148,181
|
|||
Total
|
320,181
|
$ 12.01
|
148,181
|
Item
13.
|
Certain
Relationships and Related Transactions, and Director
Independence
|
Item
15.
|
Exhibits
and Financial Statement Schedules
|
|
1.
|
The
following financial statements and the independent auditors’ report
included in the Annual Report are incorporated herein by
reference:
|
|
•
|
Management’s
Report on Internal Controls
|
|
•
|
Report
of Independent Registered Public Accounting
Firm
|
|
•
|
Consolidated
Balance Sheets as of December 31, 2009 and
2008
|
|
•
|
Consolidated
Statements of Income For the Years Ended December 31, 2009 and
2008.
|
|
•
|
Consolidated
Statements of Change in Shareholders’ Equity for the Years Ended December
31, 2009 and 2008
|
|
•
|
Consolidated
Statements of Cash Flows for the Years Ended December 31, 2009 and
2008
|
|
•
|
Notes
to Consolidated Financial
Statements
|
|
2.
|
Schedules
omitted as they are not applicable.
|
|
3.
|
The
following exhibits are included in this Report or incorporated herein by
reference:
|
3.1
|
Certificate
of Incorporation of Parke Bancorp, Inc.*
|
||
3.2
|
Certificate
of Amendment setting forth the terms of the Registrant’s Fixed Rate,
Cumulative Perpetual Preferred Stock, Series A**
|
||
3.3
|
Bylaws
of Parke Bancorp, Inc.*
|
||
4.1
|
Specimen
stock certificate of Parke Bancorp, Inc.*
|
||
4.2
|
Specimen
common stock purchase warrant of Parke Bancorp, Inc.*
|
||
4.3
|
Warrant
to Purchase shares of the Registrant’s common stock, dated January 30,
2009.**
|
||
4.4
|
Letter
Agreement (including Securities Purchase Agreement Standard Terms attached
as Exhibit A) dated January 30, 2009 between
the Registrant and the United States Department of the Treasury.** |
||
10.1
|
Amended
Employment Agreement Between Bancorp, Bank and Vito S.
Pantilione****
|
||
10.2
|
Change
in Control Agreement Between Bancorp, Bank and Elizabeth Milavsky, Paul
Palmieri and David Middlebrook****
|
||
10.3
|
Supplemental
Executive Retirement Plan*
|
||
10.4
|
1999
Stock Option Plan*
|
||
10.5
|
2002
Stock Option Plan*
|
||
10.6
|
2003
Stock Option Plan*
|
||
10.7
|
2005
Stock Option Plan***
|
||
13
|
Annual
Report to Shareholders for the fiscal year ended December 31,
2009
|
||
21
|
Subsidiaries
of the Registrant
|
||
23
|
Consent
of McGladrey & Pullen, LLP
|
||
31.1
|
Certification
of CEO pursuant to Section 302 of the Sarbanes-Oxley Act of
2002
|
||
31.2
|
Certification
of CFO pursuant to Section 302 of the Sarbanes-Oxley Act of
2002
|
||
32
|
Certifications
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|
||
99.1
|
Certification
of CEO pursuant to Section 111(b)(4) of EESA
|
||
99.2
|
Certification
of CFO pursuant to Section 111(b)(4) of
EESA
|
*
|
Incorporated
by reference to the Company’s Registration Statement on Form S-4 filed
with the SEC on January 31, 2005.
|
||
**
|
Incorporated
by reference to the Company’s Current Report on Form 8-K filed with the
SEC on January 30, 2009.
|
||
***
|
Incorporated
by reference to the Company’s Definitive Proxy Statement filed with the
SEC on December 20, 2005.
|
||
****
|
Incorporated
by reference to the Company’s Current Report on Form 8- K filed
with the SEC on November 29, 2007.
|
||
SIGNATURES
|
|||||||
Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act
of 1934, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned, thereunto duly authorized.
|
|||||||
PARKE
BANCORP, INC.
|
|||||||
Dated:
March 25, 2010
|
/S/
Vito S. Pantilione
|
||||||
By:
|
Vito
S. Pantilione
President,
Chief Executive Officer and Director
|
||||||
Pursuant
to the requirement of the Securities Exchange Act of 1934, this Report has
been signed below by the following persons on behalf of the Registrant and
in the capacities indicated on March, 2010.
|
|||||||
/s/
Celestino R. Pennomi
|
/s/
Vito S. Pantilione
|
||||||
Celestino
R. Pennoni
|
Vito
S. Pantilione
|
||||||
Chairman
of the Board and Director
|
President,
Chief Executive Office and Director
|
||||||
/s/
Fred G. Choate
|
/s/
Daniel J. Dalton
|
||||||
Fred
G. Choate
|
Daniel
J. Dalton
|
||||||
Director
|
Director
|
||||||
/s/
Arret F. Dobson
|
/s/
Thomas Hedenberg
|
||||||
Arret
F. Dobson
|
Thomas
Hedenberg
|
||||||
Director
|
Director
|
||||||
|
/s/
Anthony J. Jannetti
|
||||||
Edward
Infantolino
|
Anthony
J. Jannetti
|
||||||
Director
|
Director
|
||||||
/s/
Jeffrey H. Krippitz
|
/s/
Richard Phalines
|
||||||
Jeffrey
H. Krippitz
|
Richard
Phalines
|
||||||
Director
|
Director
|
||||||
/s/
Jack C. Sheppard, Jr.
|
/s/
Ray H. Tresch
|
||||||
Jack
C. Sheppard, Jr.
|
Ray
H. Tresch
|
||||||
Director
|
Director
|
||||||
/s/
John F. Hawkins
|
|||||||
John
F. Hawkins
|
|||||||
Senior
Vice President and Chief Financial Officer
|
|||||||
(Principal
Financial and Accounting Officer)
|
|||||||
Date:
|
March
25, 2010
|