Parke Bancorp (PKBK) 10-Q14 Aug 152015 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2015	Aug. 14, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	PARKE BANCORP, INC.
Entity Central Index Key	1,315,399
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		6,126,560
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and due from financial institutions	$ 3,530	$ 4,033
Federal funds sold and cash equivalents	45,845	32,205
Total cash and cash equivalents	49,375	36,238
Investment securities available for sale, at fair value	45,435	28,208
Investment securities held to maturity (fair value of $2,406 at June 30, 2015 and $2,377 at December 31, 2014)	2,161	2,141
Total investment securities	47,596	30,349
Loans held for sale	1,063	2,932
Loans, net of unearned income	729,980	713,061
Less: Allowance for loan losses	(16,979)	(18,043)
Net loans	713,001	695,018
Accrued interest receivable	2,840	2,827
Premises and equipment, net	4,525	4,490
Other real estate owned (OREO)	19,752	20,931
Restricted stock, at cost	4,119	3,152
Bank owned life insurance (BOLI)	11,640	11,464
Deferred tax asset	10,751	10,518
Other assets	4,077	3,787
Total Assets	868,739	821,706
Deposits
Noninterest-bearing deposits	44,982	42,554
Interest-bearing deposits	627,697	605,379
Total deposits	672,679	647,933
FHLBNY borrowings	69,760	49,352
Subordinated debentures	13,403	13,403
Accrued interest payable	507	445
Other liabilities	5,342	7,523
Total liabilities	761,691	718,656
Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B - non-cumulative convertible; Issued: 20,000 shares at June 30, 2015 and December 31, 2014	20,000	20,000
Common stock, $.10 par value; authorized 15,000,000 shares; Issued: 6,338,237 shares at June 30, 2015 and 6,208,259 shares at December 31, 2014	634	621
Additional paid-in capital	52,466	51,316
Retained earnings	36,378	32,983
Accumulated other comprehensive income	(142)	165
Treasury stock, 241,900 shares at June 30, 2015 and 210,900 shares at December 31, 2014, at cost	(2,531)	(2,180)
Total shareholders’ equity	106,805	102,905
Noncontrolling interest in consolidated subsidiaries	243	145
Total equity	107,048	103,050
Total liabilities and equity	$ 868,739	$ 821,706

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Investment securities held to maturity, fair value	$ 2,406	$ 2,377
Equity
Preferred stock, liquidation value per share (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	20,000	20,000
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized (in shares)	15,000,000	15,000,000
Common stock, issued (in shares)	6,338,237	6,208,259
Treasury stock, shares (in shares)	241,900	210,900

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest income:
Interest and fees on loans	$ 9,567	$ 9,442	$ 18,705	$ 18,732
Interest and dividends on investments	339	262	585	556
Interest on federal funds sold and cash equivalents	27	32	42	55
Total interest income	9,933	9,736	19,332	19,343
Interest expense:
Interest on deposits	1,198	1,186	2,329	2,363
Interest on borrowings	276	216	489	437
Total interest expense	1,474	1,402	2,818	2,800
Net interest income	8,459	8,334	16,514	16,543
Provision for loan losses	750	1,000	1,590	2,000
Net interest income after provision for loan losses	7,709	7,334	14,924	14,543
Noninterest income:
Gain on sale of SBA loans	1,200	1,011	1,757	1,332
Loan fees	341	246	655	461
Net income from BOLI	89	90	176	178
Service fees on deposit accounts	66	58	136	115
Loss on sale and write-down of real estate owned	(954)	(39)	(1,123)	(435)
Realized gain on sale of AFS securities	0	0	0	178
Other	112	293	510	788
Total noninterest income	854	1,659	2,111	2,617
Noninterest expense:
Compensation and benefits	1,920	1,761	3,909	3,605
Professional services	364	338	873	748
Occupancy and equipment	306	296	629	592
Data processing	111	128	250	245
FDIC insurance	169	251	334	491
OREO expense	425	1,248	911	2,008
Other operating expense	963	872	1,699	1,748
Total noninterest expense	4,258	4,894	8,605	9,437
Income before income tax expense	4,305	4,099	8,430	7,723
Income tax expense	1,387	1,264	2,908	2,426
Net income attributable to Company and noncontrolling interest	2,918	2,835	5,522	5,297
Net income attributable to noncontrolling interest	(395)	(349)	(501)	(486)
Net income attributable to Company	2,523	2,486	5,021	4,811
Preferred stock dividend and discount accretion	300	300	600	600
Net income available to common shareholders	$ 2,223	$ 2,186	$ 4,421	$ 4,211
Earnings per common share:
Basic (in dollars per share)	$ 0.37	$ 0.36	$ 0.73	$ 0.70
Diluted (in dollars per share)	$ 0.32	$ 0.31	$ 0.63	$ 0.61
Weighted average shares outstanding:
Basic (in shares)	6,034,613	5,991,859	6,022,768	5,990,309
Diluted (in shares)	7,961,720	7,930,518	7,944,347	7,923,201

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income attributable to Company	$ 2,523	$ 2,486	$ 5,021	$ 4,811
Unrealized gains (losses) on securities:
Non-credit related unrealized gains on securities with OTTI	0	0	26	0
Unrealized (losses) gains on securities without OTTI	(544)	341	(536)	579
Less reclassification adjustment for gains on securities included in net income	0	0	0	(178)
Tax impact	218	(136)	203	(232)
Total comprehensive income	(326)	205	(307)	169
Total comprehensive income	$ 2,197	$ 2,691	$ 4,714	$ 4,980

Consolidated Statements of Equi

Consolidated Statements of Equity (unaudited) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock	Total Shareholders’ Equity	Non-Controlling Interest
Balance at Dec. 31, 2014	$ 103,050	$ 20,000	$ 621	$ 51,316	$ 32,983	$ 165	$ (2,180)	$ 102,905	$ 145
Balance (in shares) at Dec. 31, 2014			6,208,259
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital withdrawals by noncontrolling interest	(403)								(403)
Stock options exercised	1,163		$ 13	1,150				1,163
Stock options exercised (in shares)			129,978
Net income	5,522				5,021			5,021	501
Changes in other comprehensive income	(307)					(307)		(307)
Purchase of treasury stock	(351)						(351)	(351)
Dividend on preferred stock	(600)				(600)			(600)
Dividend on common stock	(1,026)				(1,026)			(1,026)
Balance at Jun. 30, 2015	$ 107,048	$ 20,000	$ 634	$ 52,466	$ 36,378	$ (142)	$ (2,531)	$ 106,805	$ 243
Balance (in shares) at Jun. 30, 2015			6,338,237

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows from Operating Activities:
Net income	$ 5,522	$ 5,297
Adjustments to reconcile net income to net cash provided (used in) operating activities:
Depreciation and amortization	157	175
Provision for loan losses	1,590	2,000
Provision for OREO	0	500
Net gain from sales of investment securities	0	(178)
Bank owned life insurance	(176)	(178)
Gain on sale of SBA loans	(1,757)	(1,332)
SBA loans originated for sale	(13,653)	(11,678)
Proceeds from sale of SBA loans originated for sale	17,280	12,981
Loss on sale & write down of OREO	1,123	435
Net accretion of purchase premiums and discounts on securities	(659)	5
Contribution of OREO property	0	22
Deferred income tax benefit	(233)	(7,889)
Changes in operating assets and liabilities:
(Increase) decrease in accrued interest receivable and other assets	(466)	3,256
(Decrease) increase in accrued interest payable and other accrued liabilities	(2,119)	1,051
Net cash provided by operating activities	6,609	4,467
Cash Flows from Investing Activities:
Purchases of investment securities available for sale	(19,976)	0
(Purchases) redemptions of restricted stock	(967)	106
Proceeds from sale and call of securities available for sale	0	3,974
Proceeds from maturities and principal payments on mortgage backed securities	2,877	2,048
Proceeds from sale of OREO	2,639	5,871
Advances on OREO	(292)	(361)
Net increase in loans	(21,864)	(8,667)
Purchases of bank premises and equipment	(192)	(112)
Net cash (used in) provided by investing activities	(37,775)	2,859
Cash Flows from Financing Activities:
Payment of dividend on preferred stock	(1,261)	(357)
Purchase of treasury stock	(351)	0
Minority interest capital withdrawal, net	(403)	(370)
Proceeds from exercise of stock options and warrants	1,163	61
Net increase (decrease) in FHLBNY and short term borrowings	20,408	(4,588)
Net increase in noninterest-bearing deposits	2,429	3,412
Net increase in interest-bearing deposits	22,318	18,603
Net cash provided by financing activities	44,303	16,761
Net increase in cash and cash equivalents	13,137	24,087
Cash and Cash Equivalents, January 1,	36,238	45,661
Cash and Cash Equivalents, June 30,	49,375	69,748
Cash paid during the year for:
Interest on deposits and borrowed funds	2,756	2,761
Income taxes	2,904	4,300
Supplemental Schedule of Noncash Activities:
Real estate acquired in settlement of loans	$ 2,291	$ 1,712

ORGANIZATION

ORGANIZATION	6 Months Ended
ORGANIZATION	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Parke Bancorp, Inc. ("Parke Bancorp” or the "Company") is a bank holding company incorporated under the laws of the State of New Jersey in January 2005 for the sole purpose of becoming the holding company of Parke Bank (the "Bank"). The Bank is a commercial bank which commenced operations on January 28, 1999 . The Bank is chartered by the New Jersey Department of Banking and Insurance (the “Department”) and insured by the Federal Deposit Insurance Corporation ("FDIC"). Parke Bancorp and the Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey. The Bank also conducts business through branches in Galloway Township, Northfield and Washington Township, New Jersey and Philadelphia, Pennsylvania. The Bank competes with other banking and financial institutions in its primary market areas. Commercial banks, savings banks, savings and loan associations, credit unions and money market funds actively compete for savings and time certificates of deposit and all types of loans. Such institutions, as well as consumer financial and insurance companies, may be considered competitors of the Bank with respect to one or more of the services it renders. The Bank is subject to the regulations of certain state and federal agencies, and accordingly, the Bank is periodically examined by such regulatory authorities. As a consequence of the regulation of commercial banking activities, the Bank’s business is particularly susceptible to future state and federal legislation and regulations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Financial Statement Presentation: The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and predominant practices within the banking industry. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary the Bank. Also included are the accounts of 44 Business Capital Partners LLC, a joint venture formed in 2009 to originate and service SBA loans. The Bank has a 51% ownership interest in the joint venture. Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated because they do not meet the requirements for consolidation under applicable accounting guidance. All significant inter-company balances and transactions have been eliminated. The accompanying interim financial statements should be read in conjunction with the annual financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 since they do not include all of the information and footnotes required by GAAP. The accompanying interim financial statements for the three and six months ended June 30, 2015 and 2014 are unaudited. The balance sheet as of December 31, 2014 , was derived from the audited financial statements. In the opinion of management, these financial statements include all normal and recurring adjustments necessary for a fair statement of the results for such interim periods. Results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results for the full year. Certain reclassifications have been made to prior period amounts to conform to the current year presentation, with no impact on current earnings or shareholders’ equity. Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the allowance for loan losses, other than temporary impairment losses on investment securities, the valuation of deferred income taxes, servicing assets and carrying value of OREO. Recently Issued Accounting Pronouncements: In January 2014, the FASB issued ASU 2014-4, "Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure." ASU 2014-4 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, ASU 2014-4 requires interim and annual disclosure of both (a) the amount of foreclosed residential real estate property held by the creditor and (b) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in ASU 2014-4 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. There was no significant impact to amounts reported in the consolidated financial position or results of operations from the adoption of the ASU. In May 2014, the FASB issued Accounting Standards Update No. 2014-9, “Revenue from Contracts with Customers (ASU 2014-9),” which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-9 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-9 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2017, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-9 recognized at the date of adoption (which includes additional footnote disclosures). We are currently evaluating the impact of our pending adoption of ASU 2014-9 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017. In June 2014, the FASB issued ASU No. 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures,” which changes the accounting for repurchase-to-maturity transactions (repos-to-maturity) and enhances the required disclosures for repurchase agreements and other similar transactions (repos). Repos-to-maturity and the repurchase financings will be accounted for as secured borrowings. In addition, the standard requires new disclosures for repos. ASU No. 2014-11 provisions are effective for the first interim or annual period beginning after December 15, 2014. There was no significant impact to amounts reported in the consolidated financial position or results of operations from the adoption of the ASU. In August 2014, the FASB issued ASU No. 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure,” which will require creditors to derecognize certain foreclosed government-guaranteed mortgage loans and to recognize a separate other receivable that is measured at the amount the creditor expects to recover from the guarantor, and to treat the guarantee and the receivable as a single unit of account. ASU 2014-14 is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. There was no significant impact to amounts reported in the consolidated financial position or results of operations from the adoption of the ASU.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
INVESTMENT SECURITIES	Jun. 30, 2015
Investments [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The following is a summary of the Company's investments in available for sale and held to maturity securities as of June 30, 2015 and December 31, 2014 : As of June 30, 2015 Amortized cost Gross unrealized gains Gross unrealized losses Other-than- temporary impairments in OCI Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 500 $ 20 $ — $ — $ 520 Residential mortgage-backed securities 44,063 579 415 — 44,227 Collateralized mortgage obligations 302 11 — — 313 Collateralized debt obligations 806 — — 431 375 Total available for sale $ 45,671 $ 610 $ 415 $ 431 $ 45,435 Held to maturity: States and political subdivisions $ 2,161 $ 245 $ — $ — $ 2,406 As of December 31, 2014 Amortized cost Gross unrealized gains Gross unrealized losses Other-than- temporary impairments in OCI Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 500 $ 22 $ — $ — $ 522 Residential mortgage-backed securities 26,252 754 59 — 26,947 Collateralized mortgage obligations 375 15 — — 390 Collateralized debt obligations 806 — — 457 349 Total available for sale $ 27,933 $ 791 $ 59 $ 457 $ 28,208 Held to maturity: States and political subdivisions $ 2,141 $ 236 $ — $ — $ 2,377 The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of June 30, 2015 are as follows: Amortized Cost Fair Value (amounts in thousands) Available for sale: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years — — Due after ten years 1,306 894 Residential mortgage-backed securities and collateralized mortgage obligations 44,365 44,541 Total available for sale $ 45,671 $ 45,435 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years — — Due after ten years 2,161 2,406 Total held to maturity $ 2,161 $ 2,406 Expected maturities will differ from contractual maturities for mortgage related securities because the issuers of certain debt securities do have the right to call or prepay their obligations without any penalty. There were no securities pledged as collateral for borrowed funds as of June 30, 2015 and December 31, 2014 . Securities with a carrying value of $12.9 million and $15.0 million were pledged to secure public deposits at June 30, 2015 and December 31, 2014 , respectively. The following tables show the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other than temporarily impaired (“OTTI”), aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2015 and December 31, 2014 : As of June 30, 2015 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (amounts in thousands) Available for sale: Residential mortgage-backed securities 20,464 350 3,578 65 24,042 415 Total available for sale $ 20,464 $ 350 3,578 $ 65 $ 24,042 $ 415 As of December 31, 2014 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (amounts in thousands) Available for sale: Residential mortgage-backed securities 3,968 59 — — 3,968 59 Total available for sale $ 3,968 $ 59 $ — $ — $ 3,968 $ 59 Residential Mortgage-Backed Securities : The unrealized losses on the Company’s investment in mortgage-backed securities relates to seven securities at June 30, 2015 versus three securities at December 31, 2014. The losses were caused by movement in interest rates. The securities were issued by FNMA, a government sponsored entity. Because the Company does not intend to sell the investment and it is not more likely than not that the Company will be required to sell the investment before recovery of its amortized cost basis, which may be maturity, it does not consider the investment in these securities to be OTTI at June 30, 2015 . Other Than Temporarily Impaired Debt Securities We assess whether we intend to sell or it is more likely than not that we will be required to sell a security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered OTTI and that we do not intend to sell and will not be required to sell prior to recovery of our amortized cost basis, we separate the amount of the impairment into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the security’s fair value and the present value of future expected cash flows is due to factors that are not credit related and is recognized in other comprehensive income. The present value of expected future cash flows is determined using the best estimate of cash flows discounted at the effective interest rate implicit to the security at the date of purchase or the current yield to accrete an asset-backed or floating rate security. The methodology and assumptions for establishing the best estimate cash flows vary depending on the type of security. The asset-backed securities cash flow estimates are based on bond specific facts and circumstances that may include collateral characteristics, expectations of delinquency and default rates, loss severity and prepayment speeds and structural support, including subordination and guarantees. The corporate bond cash flow estimates are derived from scenario-based outcomes of expected corporate restructurings or the disposition of assets using bond specific facts and circumstances including timing, security interests and loss severity. We have a process in place to identify debt securities that could potentially have a credit impairment that is other than temporary. This process involves monitoring late payments, pricing levels, downgrades by rating agencies, key financial ratios, financial statements, revenue forecasts and cash flow projections as indicators of credit issues. On a quarterly basis, we review all securities to determine whether an OTTI exists and whether losses should be recognized. We consider relevant facts and circumstances in evaluating whether a credit or interest rate-related impairment of a security is other than temporary. Relevant facts and circumstances considered include: (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; (3) the financial position and access to capital of the issuer, including the current and future impact of any specific events; and (4) for fixed maturity securities, our intent to sell a security or whether it is more likely than not we will be required to sell the security before the recovery of its amortized cost which, in some cases, may extend to maturity. The following table presents a roll-forward of the credit loss component of the amortized cost of debt securities that we have written down for OTTI and the credit component of the loss that is recognized in earnings. OTTI recognized in earnings for credit-impaired debt securities is presented as additions in two components based upon whether the current period is the first time the debt security was credit-impaired (initial credit impairment) or is not the first time the debt security was credit impaired (subsequent credit impairments). The credit loss component is reduced if we sell, intend to sell or believe we will be required to sell previously credit-impaired debt securities. Additionally, the credit loss component is reduced if we receive cash flows in excess of what we expected to receive over the remaining life of the credit-impaired debt security, the security matures or is fully written down. Changes in the credit loss component of credit-impaired debt securities were as follows for the six month periods ended June 30, 2015 and 2014 . There were no changes for the three month periods ended for June 30, 2015 and 2014 . For the Six Months Ended 2015 2014 (amounts in thousands) Beginning balance $ 171 $ 1,126 Initial credit impairment — — Subsequent credit impairments — — Reductions for amounts recognized in earnings due to intent or requirement to sell — — Reductions for securities sold — (955 ) Reductions for securities deemed worthless — — Reductions for increases in cash flows expected to be collected — — Ending balance $ 171 $ 171 During the six months ended June 30, 2014 , the Bank sold three Trust Preferred securities, which resulted in a $178,000 gain reflected in the income statement.

LOANS

LOANS	6 Months Ended
LOANS	Jun. 30, 2015
Receivables [Abstract]
LOANS	LOANS The portfolio of loans outstanding consists of the following: June 30, 2015 December 31, 2014 Amount Percentage of Total Loans Amount Percentage of Total Loans (amounts in thousands) Commercial and Industrial $ 36,813 5.0 % $ 30,092 4.2 % Real Estate Construction: Residential 6,238 0.9 5,859 0.8 Commercial 47,432 6.5 47,921 6.7 Real Estate Mortgage: Commercial – Owner Occupied 157,335 21.6 176,649 24.8 Commercial – Non-owner Occupied 266,571 36.5 237,918 33.4 Residential – 1 to 4 Family 186,384 25.5 171,894 24.1 Residential – Multifamily 19,086 2.6 25,173 3.5 Consumer 10,121 1.4 17,555 2.5 Total Loans $ 729,980 100.0 % $ 713,061 100.0 % Loan Origination/Risk Management : In the normal course of business the Company is exposed to a variety of operational, reputational, legal, regulatory, and credit risks that could adversely affect our financial performance. Most of our asset risk is primarily tied to credit (lending) risk. The Company has lending policies, guidelines and procedures in place that are designed to maximize loan income within an acceptable level of risk. The Board of Directors reviews and approves these policies, guidelines and procedures. When we originate a loan we make certain subjective judgments about the borrower’s ability to meet the loan’s terms and conditions. We also make objective and subjective value assessments on the assets we finance. The borrower’s ability to repay can be adversely affected by economic changes. Likewise, changes in market conditions and other external factors can affect asset valuations. The Company actively monitors the quality of its loan portfolio. A reporting system supplements the credit review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit risk, loan delinquencies, troubled debt restructures, nonperforming and potential problem loans. Diversification in the loan portfolio is another means of managing risk associated with fluctuations in economic conditions. Construction Loans: With respect to construction loans to developers and builders that are secured by non-owner occupied properties, loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analyses of the developers and property owners. Construction loans are also generally underwritten based upon estimates of costs and value associated with the completed project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. Commercial Real Estate: Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. Commercial real estate loans may be riskier than loans for one-to-four family residences and are typically larger in dollar size. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. The repayment of these loans is generally largely dependent on the successful operation and management of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type and geographic location within our market area. This diversity helps reduce the Company's exposure to adverse economic events that affect any single market or industry. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. The Company also monitors economic conditions and trends affecting market areas it serves. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. Residential Mortgage: The Company originates adjustable and fixed-rate residential mortgage loans. Such mortgage loans are generally originated under terms, conditions and documentation acceptable to the secondary mortgage market. Although the Company has placed all of these loans into its portfolio, a substantial majority of such loans can be sold in the secondary market or pledged for potential borrowings. Consumer Loans: Consumer loans may carry a higher degree of repayment risk than residential mortgage loans. Repayment is typically dependent upon the borrower’s financial stability which is more likely to be adversely affected by job loss, illness, or personal bankruptcy. To monitor and manage consumer loan risk, policies and procedures have been developed and modified as needed. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, minimizes risk. Additionally, trend and outlook reports are reviewed by management on a regular basis. Underwriting standards for home equity loans are heavily influenced by statutory requirements, which include, but are not limited to, a maximum loan-to-value percentage of 80% , collection remedies, the number of such loans a borrower can have at one time and documentation requirements. Historically the Company’s losses on consumer loans have been negligible. The Company maintains an outsourced independent loan review program that reviews and validates the credit risk assessment program on a periodic basis. Results of these external independent reviews are presented to management. The external independent loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit risk management personnel. Non-accrual and Past Due Loans : Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management's opinion, the borrower may be unable to meet payment obligations as they become due, as well as when a loan is 90 days past due, unless the loan is well secured and in the process of collection, as required by regulatory provisions. Loans may be placed on non-accrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. An age analysis of past due loans by class at June 30, 2015 and December 31, 2014 follows: June 30, 2015 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Not Accruing Total Past Due Current Total Loans (amounts in thousands) Commercial and Industrial $ — $ — $ 2,462 $ 2,462 $ 34,351 $ 36,813 Real Estate Construction: Residential — — — — 6,238 6,238 Commercial — — 7,140 7,140 40,292 47,432 Real Estate Mortgage: Commercial – Owner Occupied 833 — 106 939 156,396 157,335 Commercial – Non-owner Occupied 59 — 5,220 5,279 261,292 266,571 Residential – 1 to 4 Family 590 76 6,526 7,192 179,192 186,384 Residential – Multifamily 360 — — 360 18,726 19,086 Consumer 107 — 65 172 9,949 10,121 Total Loans $ 1,949 $ 76 $ 21,519 $ 23,544 $ 706,436 $ 729,980 December 31, 2014 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Not Accruing Total Past Due Current Total Loans (amounts in thousands) Commercial and Industrial $ — $ 1,874 $ 61 $ 1,935 $ 28,157 $ 30,092 Real Estate Construction: Residential — — 238 238 5,621 5,859 Commercial — — 10,773 10,773 37,148 47,921 Real Estate Mortgage: Commercial – Owner Occupied — — 735 735 175,914 176,649 Commercial – Non-owner Occupied — — 8,624 8,624 229,294 237,918 Residential – 1 to 4 Family 629 20 6,367 7,016 164,878 171,894 Residential – Multifamily 364 — — 364 24,809 25,173 Consumer — — 94 94 17,461 17,555 Total Loans $ 993 $ 1,894 $ 26,892 $ 29,779 $ 683,282 $ 713,061 Impaired Loans : Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. All impaired loans have are assessed for recoverability based on an independent third-party full appraisal to determine the net realizable value (“NRV”) based on the fair value of the underlying collateral, less cost to sell and other costs, such as unpaid real estate taxes, that have been identified, or the present value of discounted cash flows in the case of certain impaired loans that are not collateral dependent. The appraisal will be based on an "as-is" valuation and will follow a reasonable valuation method that addresses the direct sales comparison, income, and cost approaches to market value, reconciles those approaches, and explains the elimination of each approach not used. Appraisals are generally updated every 12 months or sooner if we have identified possible further deterioration in value. Prior to receiving the updated appraisal, we will establish a specific reserve for any estimated deterioration, based upon our assessment of market conditions, adjusted for estimated costs to sell and other identified costs. If the NRV is greater than the loan amount, then no impairment loss exists. If the NRV is less than the loan amount, the shortfall is recognized by a specific reserve. If the borrower fails to pledge additional collateral in the ninety day period, a charge-off equal to the difference between the loan’s carrying value and NRV will occur. In certain circumstances, however, a direct charge-off may be taken at the time that the NRV calculation reveals a shortfall. All impaired loans are evaluated based on the criteria stated above on a quarterly basis and any change in the reserve requirements are recorded in the period identified. All partially charged-off loans remain on nonaccrual status until they are brought current as to both principal and interest and have at least nine months of payment history and future collectability of principal and interest is assured. Impaired loans at June 30, 2015 and December 31, 2014 are set forth in the following tables. June 30, 2015 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 36 $ 36 $ — Real Estate Construction: Residential — — — Commercial 2,964 3,056 — Real Estate Mortgage: Commercial – Owner Occupied 106 106 — Commercial – Non-owner Occupied 2,052 2,052 — Residential – 1 to 4 Family 5,759 6,624 — Residential – Multifamily — — — Consumer — — — 10,917 11,874 — With an allowance recorded: Commercial and Industrial 2,883 2,884 1,621 Real Estate Construction: Residential — — — Commercial 7,360 9,814 497 Real Estate Mortgage: Commercial – Owner Occupied 4,736 4,765 85 Commercial – Non-owner Occupied 24,085 25,575 796 Residential – 1 to 4 Family 2,142 2,274 255 Residential – Multifamily 360 360 5 Consumer 65 65 7 41,631 45,737 3,266 Total: Commercial and Industrial 2,919 2,920 1,621 Real Estate Construction: Residential — — — Commercial 10,324 12,870 497 Real Estate Mortgage: Commercial – Owner Occupied 4,842 4,871 85 Commercial – Non-owner Occupied 26,137 27,627 796 Residential – 1 to 4 Family 7,901 8,898 255 Residential – Multifamily 360 360 5 Consumer 65 65 7 $ 52,548 $ 57,611 $ 3,266 December 31, 2014 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 61 $ 401 $ — Real Estate Construction: Residential — — — Commercial 4,033 4,161 — Real Estate Mortgage: Commercial – Owner Occupied 735 1,132 — Commercial – Non-owner Occupied 8,175 10,616 — Residential – 1 to 4 Family 2,548 3,291 — Residential – Multifamily — — — Consumer 94 94 — 15,646 19,695 — With an allowance recorded: Commercial and Industrial 2,346 2,346 1,040 Real Estate Construction: Residential 238 979 238 Commercial 10,025 10,025 2,535 Real Estate Mortgage: Commercial – Owner Occupied 5,216 5,245 114 Commercial – Non-owner Occupied 22,232 22,232 828 Residential – 1 to 4 Family 5,412 5,575 573 Residential – Multifamily 364 364 5 Consumer — — — 45,833 46,766 5,333 Total: Commercial and Industrial 2,407 2,747 1,040 Real Estate Construction: Residential 238 979 238 Commercial 14,058 14,186 2,535 Real Estate Mortgage: Commercial – Owner Occupied 5,951 6,377 114 Commercial – Non-owner Occupied 30,407 32,848 828 Residential – 1 to 4 Family 7,960 8,866 573 Residential – Multifamily 364 364 5 Consumer 94 94 — $ 61,479 $ 66,461 $ 5,333 The following tables present by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the six and three months ended June 30, 2015 and 2014 : Six Months Ended June 30, 2015 2014 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 4,239 $ 38 $ 822 $ 8 Real Estate Construction: Residential — — 652 — Commercial 13,073 123 18,348 231 Real Estate Mortgage: Commercial – Owner Occupied 5,888 101 6,868 133 Commercial – Non-owner Occupied 27,867 496 32,658 624 Residential – 1 to 4 Family 8,969 103 12,776 115 Residential – Multifamily 362 14 368 12 Consumer 65 — 94 1 Total $ 60,463 $ 875 $ 72,586 $ 1,124 Three Months Ended June 30, 2015 2014 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 4,045 $ 6 $ 753 $ 4 Real Estate Construction: Residential — — 588 — Commercial 13,008 51 18,329 115 Real Estate Mortgage: Commercial – Owner Occupied 5,854 50 6,783 59 Commercial – Non-owner Occupied 27,732 267 32,111 304 Residential – 1 to 4 Family 8,943 49 12,580 56 Residential – Multifamily 361 8 367 6 Consumer 65 — 94 1 Total $ 60,008 $ 431 $ 71,605 $ 545 Troubled debt restructurings : Periodically management evaluates our loans in order to determine the appropriate risk rating, interest accrual status and potential classification as a troubled debt restructuring (TDR), some of which are performing and accruing interest. A TDR is a loan on which we have granted a concession due to a borrower’s financial difficulty. These are concessions that would not otherwise be considered. The terms of these modified loans may include extension of maturity, renewals, changes in interest rate, additional collateral requirements or infusion of additional capital into the project by the borrower to reduce debt or to support future debt service. On construction and land development loans we may modify the loan as a result of delays or other project issues such as slower than anticipated sell-outs, insufficient leasing activity and/or a decline in the value of the underlying collateral securing the loan. Management believes that working with a borrower to restructure a loan provides us with a better likelihood of collecting our loan. It is our policy not to renegotiate the terms of a commercial loan simply because of a delinquency status. However, we will use our Troubled Debt Restructuring Program to work with delinquent borrowers when the delinquency is temporary. We consider all TDRs to be impaired. At the time a loan is modified in a TDR, we consider the following factors to determine whether the loan should accrue interest: • Whether there is a period of current payment history under the current terms, typically 6 months ; • Whether the loan is current at the time of restructuring; and • Whether we expect the loan to continue to perform under the restructured terms with a debt coverage ratio that complies with the Bank’s credit underwriting policy of 1.25 times debt service. We also review the financial performance of the borrower over the past year to be reasonably assured of repayment and performance according to the modified terms. This review consists of an analysis of the borrower’s historical results; the borrower’s projected results over the next four quarters; current financial information of the borrower and any guarantors. The projected repayment source needs to be reliable, verifiable, quantifiable and sustainable. In addition, all TDRs are reviewed quarterly to determine the amount of any impairment. At the time of restructuring, the amount of the loan principal for which we are not reasonably assured of repayment is charged-off, but not forgiven. A borrower with a restructured loan must make a minimum of six consecutive monthly payments at the restructured level and be current as to both interest and principal to be returned to accrual status. Performing TDRs (not reported as non-accrual loans) totaled $31.0 million and $32.7 million with related allowances of $711,000 and $812,000 as of June 30, 2015 and December 31, 2014 , respectively. Nonperforming TDRs totaled $7.4 million and $9.5 million with related allowances of $0 and $293,000 as of June 30, 2015 and December 31, 2014 , respectively. All TDRs are classified as impaired loans and are included in the impaired loan disclosures above. There were no new loans modified as a TDR during the three months and six months periods ended June 30, 2015 and 2014 . There were no loans that were modified and deemed TDRs that subsequently defaulted during the three and six months ended June 30, 2015 . Some loans classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses. These potential incremental losses have been factored into our overall allowance for loan losses estimate. The level of any re-defaults will likely be affected by future economic conditions. Once a loan becomes a TDR, it will continue to be reported as a TDR until it is repaid in full, foreclosed, sold or it meets the criteria to be removed from TDR status. Credit Quality Indicators : As part of the on-going monitoring of the credit quality of the Company's loan portfolio, management tracks certain credit quality indicators including trends related to the risk grades of loans, the level of classified loans, net charge-offs, nonperforming loans (see details above) and the general economic conditions in the region. The Company utilizes a risk grading matrix to assign a risk grade to each of its loans. Loans are graded on a scale of 1 to 7 . Grades 1 through 4 are considered “Pass”. A description of the general characteristics of the seven risk grades is as follows: 1. Good : Borrower exhibits the strongest overall financial condition and represents the most creditworthy profile. 2. Satisfactory (A) : Borrower reflects a well-balanced financial condition, demonstrates a high level of creditworthiness and typically will have a strong banking relationship with the Bank. 3. Satisfactory (B) : Borrower exhibits a balanced financial condition and does not expose the Bank to more than a normal or average overall amount of risk. Loans are considered fully collectable. 4. Watch List : Borrower reflects a fair financial condition, but there exists an overall greater than average risk. Risk is deemed acceptable by virtue of increased monitoring and control over borrowings. Probability of timely repayment is present. 5. Other Assets Especially Mentioned (OAEM) : Financial condition is such that assets in this category have a potential weakness or pose unwarranted financial risk to the Bank even though the asset value is not currently impaired. The asset does not currently warrant adverse classification but if not corrected could weaken and could create future increased risk exposure. Includes loans which require an increased degree of monitoring or servicing as a result of internal or external changes. 6. Substandard : This classification represents more severe cases of #5 (OAEM) characteristics that require increased monitoring. Assets are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Assets are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral. Asset has a well-defined weakness or weaknesses that impairs the ability to repay debt and jeopardizes the timely liquidation or realization of the collateral at the asset’s net book value. 7. Doubtful : Assets which have all the weaknesses inherent in those assets classified #6 (Substandard) but the risks are more severe relative to financial deterioration in capital and/or asset value; accounting/evaluation techniques may be questionable and the overall possibility for collection in full is highly improbable. Borrowers in this category require constant monitoring, are considered work-out loans and present the potential for future loss to the Bank. An analysis of the credit risk profile by internally assigned grades as of June 30, 2015 and December 31, 2014 is as follows: At June 30, 2015 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 33,681 $ 615 $ 2,517 $ — $ 36,813 Real Estate Construction: Residential 6,238 — — — 6,238 Commercial 23,439 16,853 7,140 — 47,432 Real Estate Mortgage: Commercial – Owner Occupied 152,511 4,351 473 — 157,335 Commercial – Non-owner Occupied 250,737 5,404 10,430 — 266,571 Residential – 1 to 4 Family 176,925 1,183 8,276 — 186,384 Residential – Multifamily 18,726 — 360 — 19,086 Consumer 10,001 55 65 — 10,121 Total $ 672,258 $ 28,461 $ 29,261 $ — $ 729,980 At December 31, 2014 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 27,104 $ 642 $ 2,346 $ — $ 30,092 Real Estate Construction: Residential 5,621 — 238 — 5,859 Commercial 34,255 2,893 10,773 — 47,921 Real Estate Mortgage: Commercial – Owner Occupied 170,685 4,051 1,913 — 176,649 Commercial – Non-owner Occupied 218,230 5,791 13,897 — 237,918 Residential – 1 to 4 Family 162,787 613 8,494 — 171,894 Residential – Multifamily 24,809 — 364 — 25,173 Consumer 17,461 — 94 — 17,555 Total $ 660,952 $ 13,990 $ 38,119 $ — $ 713,061

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	6 Months Ended
ALLOWANCE FOR LOAN LOSSES	Jun. 30, 2015
Loans and Leases Receivable, Allowance [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management's best estimate of probable losses that have been incurred within the existing portfolio of loans. The allowance, in the judgment of management, is necessary to reserve for estimated loan losses and risks inherent in the loan portfolio. The Company's allowance for loan loss methodology includes allowance allocations calculated in accordance with ASC Topic 310, "Receivables" and allowance allocations calculated in accordance with ASC Topic 450, "Contingencies." Accordingly, the methodology is based on historical loss experience by type of credit and internal risk grade, specific homogeneous risk pools and specific loss allocations, with adjustments for current events and conditions. The Company's process for determining the appropriate level of the allowance for loan losses is designed to account for credit deterioration as it occurs. The provision for loan losses reflects loan quality trends, including the levels of, and trends related to, nonaccrual loans, past due loans, potential problem loans, criticized loans and net charge-offs or recoveries, among other factors. The provision for possible loan losses also reflects the totality of actions taken on all loans for a particular period. In other words, the amount of the provision reflects not only the necessary increases in the allowance for loan losses related to newly identified criticized loans, but it also reflects actions taken related to other loans including, among other things, any necessary increases or decreases in required allowances for specific loans or loan pools. The level of the allowance reflects management's continuing evaluation of industry concentrations, specific credit risks, loan loss experience, current loan portfolio quality, present economic, political and regulatory conditions and unidentified losses inherent in the current loan portfolio. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management's judgment, should be charged off. While management utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Company’s control, including, among other things, the performance of the Company's loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. The allowances established for probable losses on specific loans are based on a regular analysis and evaluation of problem loans. Loans are classified based on an internal credit risk grading process that evaluates, among other things: (i) the obligor's ability to repay; (ii) the underlying collateral, if any; and (iii) the economic environment and industry in which the borrower operates. This analysis is performed at the relationship manager level for all commercial loans. When a loan has a grade of 6 or higher, the loan is analyzed to determine whether the loan is impaired and, if impaired, whether there is a need to specifically allocate a portion of the allowance for loan losses to the loan. Specific valuation allowances are determined by analyzing the borrower's ability to repay amounts owed, any collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower's industry, among other things. Historical valuation allowances are calculated based on the historical loss experience of specific types of loans. The Company calculates historical loss ratios for pools of similar loans with similar characteristics based on the proportion of actual charge-offs experienced to the total population of loans in the pool. The historical loss ratios are periodically updated based on actual charge-off experience. A historical valuation allowance is established for each pool of similar loans based upon the product of the historical loss ratio and the total dollar amount of the loans in the pool. The Company's pools of similar loans include similarly risk-graded groups of commercial loans, commercial real estate loans, consumer real estate loans and consumer and other loans. General valuation allowances are based on general economic conditions and other qualitative risk factors both internal and external to the Company. In general, such valuation allowances are determined by evaluating, among other things: (i) the experience, ability and effectiveness of the Bank's lending management and staff; (ii) the effectiveness of the Bank's loan policies, procedures and internal controls; (iii) changes in asset quality; (iv) changes in loan portfolio volume; (v) the composition and concentrations of credit; (vi) the impact of competition on loan structuring and pricing; (vii) the effectiveness of the internal loan review function; (viii) the impact of environmental risks on portfolio risks; and (ix) the impact of rising interest rates on portfolio risk. Management evaluates the degree of risk that each one of these components has on the quality of the loan portfolio on a quarterly basis. Each component is determined to have either a high, high-moderate, moderate, low-moderate or low degree of risk. The results are then input into a "general allocation matrix" to determine an appropriate general valuation allowance. An analysis of the allowance for loan losses for the six and three month periods ended June 30, 2015 and 2014 is as follows: Allowance for Loan Losses : For the six months ended June 30, 2015 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 1,679 $ — $ 32 $ 646 $ 2,357 Real Estate Construction: Residential 316 (238 ) — 119 197 Commercial 3,015 (2,380 ) — 1,030 1,665 Real Estate Mortgage: Commercial – Owner Occupied 3,296 — 10 (307 ) 2,999 Commercial – Non-owner Occupied 4,962 (381 ) 398 492 5,471 Residential – 1 to 4 Family 4,156 (128 ) 33 (200 ) 3,861 Residential – Multifamily 357 — — (86 ) 271 Consumer 262 — — (104 ) 158 Total $ 18,043 $ (3,127 ) $ 473 $ 1,590 $ 16,979 Allowance for Loan Losses : For the six months ended June 30, 2014 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 591 $ (395 ) $ — $ 504 $ 700 Real Estate Construction: Residential 414 — 5 (330 ) 89 Commercial 948 — — (272 ) 676 Real Estate Mortgage: Commercial – Owner Occupied 4,735 (263 ) 2 (179 ) 4,295 Commercial – Non-owner Occupied 7,530 — — (1,504 ) 6,026 Residential – 1 to 4 Family 3,612 (2,437 ) 11 3,810 4,996 Residential – Multifamily 389 — — (7 ) 382 Consumer 341 (24 ) — (22 ) 295 Total $ 18,560 $ (3,119 ) $ 18 $ 2,000 $ 17,459 Allowance for Loan Losses : For the three months ended June 30, 2015 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 1,869 $ — $ 14 $ 474 $ 2,357 Real Estate Construction: Residential 186 — — 11 197 Commercial 1,618 — — 47 1,665 Real Estate Mortgage: Commercial – Owner Occupied 3,344 — — (345 ) 2,999 Commercial – Non-owner Occupied 4,581 — — 890 5,471 Residential – 1 to 4 Family 4,045 — 32 (216 ) 3,861 Residential – Multifamily 279 — — (8 ) 271 Consumer 261 — — (103 ) 158 Total $ 16,183 $ — $ 46 $ 750 $ 16,979 Allowance for Loan Losses : For the three months ended June 30, 2014 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 873 $ (395 ) $ — $ 222 $ 700 Real Estate Construction: Residential 138 — 5 (54 ) 89 Commercial 749 — — (73 ) 676 Real Estate Mortgage: Commercial – Owner Occupied 4,710 (182 ) — (233 ) 4,295 Commercial – Non-owner Occupied 5,973 — — 53 6,026 Residential – 1 to 4 Family 6,001 (2,417 ) 11 1,401 4,996 Residential – Multifamily 370 — — 12 382 Consumer 319 — — (24 ) 295 Unallocated 304 — — (304 ) — Total $ 19,437 $ (2,994 ) $ 16 $ 1,000 $ 17,459 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 1,621 $ 736 $ 2,357 Real Estate Construction: Residential — 197 197 Commercial 497 1,168 1,665 Real Estate Mortgage: Commercial – Owner Occupied 85 2,914 2,999 Commercial – Non-owner Occupied 796 4,675 5,471 Residential – 1 to 4 Family 255 3,606 3,861 Residential – Multifamily 5 266 271 Consumer 7 151 158 Total $ 3,266 $ 13,713 $ 16,979 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 1,040 $ 639 $ 1,679 Real Estate Construction: Residential 238 78 316 Commercial 2,535 480 3,015 Real Estate Mortgage: Commercial – Owner Occupied 114 3,182 3,296 Commercial – Non-owner Occupied 828 4,134 4,962 Residential – 1 to 4 Family 573 3,583 4,156 Residential – Multifamily 5 352 357 Consumer — 262 262 Total $ 5,333 $ 12,710 $ 18,043 Loans, at June 30, 2015: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 2,919 $ 33,894 $ 36,813 Real Estate Construction: Residential — 6,238 6,238 Commercial 10,324 37,108 47,432 Real Estate Mortgage: Commercial – Owner Occupied 4,842 152,493 157,335 Commercial – Non-owner Occupied 26,137 240,434 266,571 Residential – 1 to 4 Family 7,901 178,483 186,384 Residential – Multifamily 360 18,726 19,086 Consumer 65 10,056 10,121 Total $ 52,548 $ 677,432 $ 729,980 Loans, at December 31, 2014: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 2,407 $ 27,685 $ 30,092 Real Estate Construction: Residential 238 5,621 5,859 Commercial 14,058 33,863 47,921 Real Estate Mortgage: Commercial – Owner Occupied 5,951 170,698 176,649 Commercial – Non-owner Occupied 30,407 207,511 237,918 Residential – 1 to 4 Family 7,960 163,934 171,894 Residential – Multifamily 364 24,809 25,173 Consumer 94 17,461 17,555 Total $ 61,479 $ 651,582 $ 713,061

REGULATORY RESTRICTIONS

REGULATORY RESTRICTIONS	6 Months Ended
REGULATORY RESTRICTIONS	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 $ 123,539 17.23 % $ 57,367 8 % N/A N/A Tier 1 Capital $ 114,593 15.98 % $ 28,684 4 % N/A N/A Tier 1 Capital $ 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 $ 123,609 17.22 % $ 57,426 8 % $ 71,783 10 % Tier 1 Capital $ 114,664 15.97 % $ 28,713 4 % $ 43,070 6 % Tier 1 Capital $ 114,664 14.27 % $ 32,150 4 % $ 40,188 5 %

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	6 Months Ended
OTHER COMPREHENSIVE INCOME	Jun. 30, 2015
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
OTHER COMPREHENSIVE INCOME	OTHER COMPREHENSIVE INCOME The Company’s accumulated other comprehensive income consisted of the following at June 30, 2015 and December 31, 2014 : June 30, December 31, (amounts in thousands) Securities: Non-credit unrealized losses on securities with OTTI $ (431 ) $ (457 ) Unrealized gains on securities without OTTI 195 731 Tax impact 94 (109 ) Accumulated other comprehensive income $ (142 ) $ 165

FAIR VALUE

FAIR VALUE	6 Months Ended
FAIR VALUE	Jun. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair Value Measurements The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the Fair Value Measurements and Disclosures Topic 820 of FASB ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Company groups its assets and liabilities carried at fair value in three levels as follows: Level 1 Input: 1) Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs: 1) Quoted prices for similar assets or liabilities in active markets. 2) Quoted prices for identical or similar assets or liabilities in markets that are not active. 3) Inputs other than quoted prices that are observable, either directly or indirectly, for the term of the asset or liability (e.g., interest rates, yield curves, credit risks, prepayment speeds or volatilities) or “market corroborated inputs.” Level 3 Inputs: 1) Prices or valuation techniques that require inputs that are both unobservable (i.e. supported by little or no market activity) and that are significant to the fair value of the assets or liabilities. 2) These assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Fair Value on a Recurring Basis: The following is a description of the Company’s valuation methodologies for assets carried at fair value. These methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes that its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting measurement date. Investment Securities Available for Sale: Where quoted prices are available in an active market, securities are classified in Level 1 of the valuation hierarchy. Securities in Level 1 are exchange-traded equities. If quoted market prices are not available for the specific security, then fair values are provided by independent third-party valuations services. These valuations services estimate fair values using pricing models and other accepted valuation methodologies, such as quotes for similar securities and observable yield curves and spreads. As part of the Company’s overall valuation process, management evaluates these third-party methodologies to ensure that they are representative of exit prices in the Company’s principal markets. Securities in Level 2 include U.S. Government agencies, mortgage-backed securities, state and municipal securities and TruPS. Securities in Level 3 include thinly-traded and collateralized debt obligations. With the assistance of competent third-party valuation specialists, the Company utilized the following methodology to determine the fair value: Cash flows were developed based on the estimated speeds at which the TruPS are expected to prepay (a range of 1% to 2% ), the estimated rates at which the TruPS are expected to defer payments, the estimated rates at which the TruPS are expected to default (a range of 0.57% to 0.66% ), and the severity of the losses on securities which default 95% . TruPS generally allow for prepayment by the issuer without a prepayment penalty any time after five years . Due to the lack of new TruPS and the relatively poor conditions of the financial institution industry, a relatively modest rate of prepayment was assumed going forward. Estimates for the Constant Default Rate (“CDR”) are based on the payment characteristics of the TruPS themselves (e.g. current, deferred, or defaulted) as well as the financial condition of the TruPS issuers in the pool. Estimates for the near-term rates of deferral and CDR are based on key financial ratios relating to the financial institutions’ capitalization, asset quality, profitability and liquidity. Finally, we consider whether or not the financial institution has received TARP funding, and if it has, the amount. Longer-term rates of deferral and defaults are based on historical averages. The fair value of each bond was assessed by discounting its projected cash flows by a discount rate. The discount rates were based on the yields of publicly traded TruPS and preferred stock issued by comparably rated banks (3 month LIBOR plus a spread of 4.0% to 9.59% ). The table below presents the balances of assets and liabilities measured at fair value on a recurring basis. Financial Assets Level 1 Level 2 Level 3 Total (amounts in thousands) Securities Available for Sale As of June 30, 2015 Corporate debt obligations $ — $ 520 $ — $ 520 Residential mortgage-backed securities — 44,227 — 44,227 Collateralized mortgage-backed securities — 313 — 313 Collateralized debt obligations — — 375 375 Total $ — $ 45,060 $ 375 $ 45,435 As of December 31, 2014 Corporate debt obligations $ — $ 522 $ — $ 522 Residential mortgage-backed securities — 26,947 — 26,947 Collateralized mortgage-backed securities — 390 — 390 Collateralized debt obligations — — 349 349 Total $ — $ 27,859 $ 349 $ 28,208 For the three and six months ended June 30, 2015 , there were no transfers between the levels within the fair value hierarchy. The changes in Level 3 assets measured at fair value on a recurring basis are summarized as follows for the three and six months ended June 30, : Securities Available for Sale June 30, 2015 June 30, 2014 (amounts in thousands) Beginning balance at January 1, $ 349 $ 4,144 Total net gains included in: Net gain — 178 Other comprehensive income 26 — Settlements — (3,973 ) Net transfers into Level 3 — — Ending balance $ 375 $ 349 Fair Value on a Non-recurring Basis: Certain assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial Assets Level 1 Level 2 Level 3 Total (amounts in thousands) As of June 30, 2015 Collateral dependent impaired loans $ — $ — $ 28,144 $ 28,144 OREO — — 19,752 19,752 As of December 31, 2014 Collateral dependent impaired loans $ — $ — $ 35,711 $ 35,711 OREO — — 20,931 20,931 Collateral dependent impaired loans, which are measured in accordance with FASB ASC Topic 310 “Receivables”, for impairment, had a carrying amount of $28.1 million and $35.7 million at June 30, 2015 and December 31, 2014 respectively, with a valuation allowance of $2.7 million and $4.7 million at June 30, 2015 and December 31, 2014 , respectively. The valuation allowance for collateral dependent impaired loans is included in the allowance for loan losses on the balance sheet. All collateral dependent impaired loans have an independent third-party full appraisal to determine the NRV based on the fair value of the underlying collateral, less cost to sell (a range of 5% to 10% ) and other costs, such as unpaid real estate taxes, that have been identified, or the present value of discounted cash flows in the case of certain impaired loans that are not collateral dependent. The appraisal will be based on an "as-is" valuation and will follow a reasonable valuation method that addresses the direct sales comparison, income, and cost approaches to market value, reconciles those approaches, and explains the elimination of each approach not used. Appraisals are updated every 12 months or sooner if we have identified possible further deterioration in value. OREO consists of commercial real estate properties which are recorded at fair value based upon current appraised value, or agreements of sale less estimated disposition costs on level 3 inputs. Properties are reappraised annually. Fair Value of Financial Instruments The Company discloses estimated fair values for its significant financial instruments in accordance with FASB ASC Topic 825, “Disclosures about Fair Value of Financial Instruments”. The methodologies for estimating the fair value of financial assets and liabilities that are measured at fair value on a recurring or non-recurring basis are discussed above. The methodologies for estimating the fair value of other financial assets and liabilities are discussed below. For certain financial assets and liabilities, carrying value approximates fair value due to the nature of the financial instrument. These instruments include cash and cash equivalents, restricted stock, accrued interest receivable, demand and other non-maturity deposits and accrued interest payable. The Company used the following methods and assumptions in estimating the fair value of the following financial instruments: Investment Securities: Fair value of securities available for sale is described above. Fair value of held to maturity securities is based upon quoted market prices. Loans (other than impaired): Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as commercial, residential mortgage and other consumer. Each loan category is further segmented into groups by fixed and adjustable rate interest terms and by performing and nonperforming categories. The fair value of performing loans is calculated by discounting scheduled cash flows through their estimated maturity using estimated market discount rates that reflect the credit and interest rate risk inherent in each group of loans. The estimate of maturity is based on contractual maturities for loans within each group, or on the Company’s historical experience with repayments for each loan classification, modified as required by an estimate of the effect of current economic conditions. Deposits: The fair value of time deposits is based on the discounted value of contractual cash flows, where the discount rate is estimated using the market rates currently offered for deposits of similar remaining maturities. Borrowings: The fair values of FHLB borrowings, other borrowed funds and subordinated debt are based on the discounted value of estimated cash flows. The discounted rate is estimated using market rates currently offered for similar advances or borrowings. Bank premises and equipment, customer relationships, deposit base and other information required to compute the Company’s aggregate fair value are not included in the above information. Accordingly, the above fair values are not intended to represent the aggregate fair value of the Company. The following table summarizes the carrying amounts and fair values for financial instruments at June 30, 2015 and December 31, 2014 : Level in Fair Value Hierarchy June 30, 2015 December 31, 2014 Carrying Value Fair Value Carrying Value Fair Value (amounts in thousands) Financial Assets: Cash and cash equivalents Level 1 $ 49,375 $ 49,375 $ 36,238 $ 36,238 Investment securities AFS (1) 45,435 45,435 28,208 28,208 Investment securities HTM Level 2 2,161 2,405 2,141 2,377 Restricted stock Level 2 4,119 4,119 3,152 3,152 Loans held for sale Level 2 1,063 1,063 2,932 3,328 Loans, net (2) 729,980 733,176 695,018 698,843 Accrued interest receivable Level 2 2,840 2,840 2,827 2,827 Financial Liabilities: Demand and savings deposits Level 2 $ 380,763 $ 380,763 $ 372,827 $ 372,827 Time deposits Level 2 291,916 293,635 275,106 276,528 Borrowings Level 2 83,163 79,928 62,755 60,297 Accrued interest payable Level 2 507 507 445 445 (1) See the recurring fair value table above. (2) For non-impaired loans, Level 2; for impaired loans, Level 3.

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")	6 Months Ended
EARNINGS PER SHARE ("EPS")	Jun. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE ("EPS")	EARNINGS PER SHARE (“EPS”) The following tables set forth the calculation of basic and diluted EPS for the six and three month periods ended June 30, 2015 and 2014 . For the six months ended For the three months ended 2015 2014 2015 2014 (amounts in thousands except share data) (amounts in thousands except share data) Basic earnings per common share Net income available to common shareholders $ 4,421 $ 4,211 $ 2,223 $ 2,186 Average common shares outstanding 6,022,768 5,990,309 6,034,613 5,991,859 Basic earnings per common share $ 0.73 $ 0.70 $ 0.37 $ 0.36 Diluted earnings per common share Net income available to common shareholders $ 4,421 $ 4,211 $ 2,223 $ 2,186 Dividend on Preferred Series B 600 600 300 300 Average common shares outstanding 6,022,768 5,990,309 6,034,613 5,991,859 Dilutive potential common shares 1,921,579 1,932,892 1,927,107 1,938,659 Total diluted average common shares outstanding 7,944,347 7,923,201 7,961,720 7,930,518 Diluted earnings per common share $ 0.63 $ 0.61 $ 0.32 $ 0.31 On June 23, 2015 the Company declared a quarterly cash dividend of $0.06 per share to shareholders of record as of July 15, 2015 and payable on July 30, 2015 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Accounting guidance establishes general standards of accounting for, and disclosure of, events that occur after the balance sheet date but before financial statements are issued or are available to be issued. Accordingly, Management has evaluated subsequent events after June 30, 2015 through the date the financial statements were issued and determined that no subsequent events warranted recognition in or disclosure in the interim financial statements.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation: The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and predominant practices within the banking industry. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary the Bank. Also included are the accounts of 44 Business Capital Partners LLC, a joint venture formed in 2009 to originate and service SBA loans. The Bank has a 51% ownership interest in the joint venture. Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated because they do not meet the requirements for consolidation under applicable accounting guidance. All significant inter-company balances and transactions have been eliminated. The accompanying interim financial statements should be read in conjunction with the annual financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 since they do not include all of the information and footnotes required by GAAP. The accompanying interim financial statements for the three and six months ended June 30, 2015 and 2014 are unaudited. The balance sheet as of December 31, 2014 , was derived from the audited financial statements. In the opinion of management, these financial statements include all normal and recurring adjustments necessary for a fair statement of the results for such interim periods. Results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results for the full year. Certain reclassifications have been made to prior period amounts to conform to the current year presentation, with no impact on current earnings or shareholders’ equity.
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the allowance for loan losses, other than temporary impairment losses on investment securities, the valuation of deferred income taxes, servicing assets and carrying value of OREO.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements: In January 2014, the FASB issued ASU 2014-4, "Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure." ASU 2014-4 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, ASU 2014-4 requires interim and annual disclosure of both (a) the amount of foreclosed residential real estate property held by the creditor and (b) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in ASU 2014-4 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. There was no significant impact to amounts reported in the consolidated financial position or results of operations from the adoption of the ASU. In May 2014, the FASB issued Accounting Standards Update No. 2014-9, “Revenue from Contracts with Customers (ASU 2014-9),” which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-9 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-9 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2017, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-9 recognized at the date of adoption (which includes additional footnote disclosures). We are currently evaluating the impact of our pending adoption of ASU 2014-9 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017. In June 2014, the FASB issued ASU No. 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures,” which changes the accounting for repurchase-to-maturity transactions (repos-to-maturity) and enhances the required disclosures for repurchase agreements and other similar transactions (repos). Repos-to-maturity and the repurchase financings will be accounted for as secured borrowings. In addition, the standard requires new disclosures for repos. ASU No. 2014-11 provisions are effective for the first interim or annual period beginning after December 15, 2014. There was no significant impact to amounts reported in the consolidated financial position or results of operations from the adoption of the ASU. In August 2014, the FASB issued ASU No. 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure,” which will require creditors to derecognize certain foreclosed government-guaranteed mortgage loans and to recognize a separate other receivable that is measured at the amount the creditor expects to recover from the guarantor, and to treat the guarantee and the receivable as a single unit of account. ASU 2014-14 is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
INVESTMENT SECURITIES (Tables)	Jun. 30, 2015
Investments [Abstract]
Summary of Investments in Available-for-sale and Held-to-maturity Securities	The following is a summary of the Company's investments in available for sale and held to maturity securities as of June 30, 2015 and December 31, 2014 : As of June 30, 2015 Amortized cost Gross unrealized gains Gross unrealized losses Other-than- temporary impairments in OCI Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 500 $ 20 $ — $ — $ 520 Residential mortgage-backed securities 44,063 579 415 — 44,227 Collateralized mortgage obligations 302 11 — — 313 Collateralized debt obligations 806 — — 431 375 Total available for sale $ 45,671 $ 610 $ 415 $ 431 $ 45,435 Held to maturity: States and political subdivisions $ 2,161 $ 245 $ — $ — $ 2,406 As of December 31, 2014 Amortized cost Gross unrealized gains Gross unrealized losses Other-than- temporary impairments in OCI Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 500 $ 22 $ — $ — $ 522 Residential mortgage-backed securities 26,252 754 59 — 26,947 Collateralized mortgage obligations 375 15 — — 390 Collateralized debt obligations 806 — — 457 349 Total available for sale $ 27,933 $ 791 $ 59 $ 457 $ 28,208 Held to maturity: States and political subdivisions $ 2,141 $ 236 $ — $ — $ 2,377
Investments Classified by Contractual Maturity	The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of June 30, 2015 are as follows: Amortized Cost Fair Value (amounts in thousands) Available for sale: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years — — Due after ten years 1,306 894 Residential mortgage-backed securities and collateralized mortgage obligations 44,365 44,541 Total available for sale $ 45,671 $ 45,435 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years — — Due after ten years 2,161 2,406 Total held to maturity $ 2,161 $ 2,406
Gross Unrealized Losses and Fair Value of Investments with Continuous Unrealized Loss Position	The following tables show the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other than temporarily impaired (“OTTI”), aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2015 and December 31, 2014 : As of June 30, 2015 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (amounts in thousands) Available for sale: Residential mortgage-backed securities 20,464 350 3,578 65 24,042 415 Total available for sale $ 20,464 $ 350 3,578 $ 65 $ 24,042 $ 415 As of December 31, 2014 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (amounts in thousands) Available for sale: Residential mortgage-backed securities 3,968 59 — — 3,968 59 Total available for sale $ 3,968 $ 59 $ — $ — $ 3,968 $ 59
Changes in the Credit Loss Component of Credit-impaired Debt Securities	Changes in the credit loss component of credit-impaired debt securities were as follows for the six month periods ended June 30, 2015 and 2014 . There were no changes for the three month periods ended for June 30, 2015 and 2014 . For the Six Months Ended 2015 2014 (amounts in thousands) Beginning balance $ 171 $ 1,126 Initial credit impairment — — Subsequent credit impairments — — Reductions for amounts recognized in earnings due to intent or requirement to sell — — Reductions for securities sold — (955 ) Reductions for securities deemed worthless — — Reductions for increases in cash flows expected to be collected — — Ending balance $ 171 $ 171

LOANS (Tables)

LOANS (Tables)	6 Months Ended
LOANS (Tables)	Jun. 30, 2015
Receivables [Abstract]
Portfolio of Loans Outstanding	The portfolio of loans outstanding consists of the following: June 30, 2015 December 31, 2014 Amount Percentage of Total Loans Amount Percentage of Total Loans (amounts in thousands) Commercial and Industrial $ 36,813 5.0 % $ 30,092 4.2 % Real Estate Construction: Residential 6,238 0.9 5,859 0.8 Commercial 47,432 6.5 47,921 6.7 Real Estate Mortgage: Commercial – Owner Occupied 157,335 21.6 176,649 24.8 Commercial – Non-owner Occupied 266,571 36.5 237,918 33.4 Residential – 1 to 4 Family 186,384 25.5 171,894 24.1 Residential – Multifamily 19,086 2.6 25,173 3.5 Consumer 10,121 1.4 17,555 2.5 Total Loans $ 729,980 100.0 % $ 713,061 100.0 %
Age Analysis of Past Due Loans by Class	An age analysis of past due loans by class at June 30, 2015 and December 31, 2014 follows: June 30, 2015 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Not Accruing Total Past Due Current Total Loans (amounts in thousands) Commercial and Industrial $ — $ — $ 2,462 $ 2,462 $ 34,351 $ 36,813 Real Estate Construction: Residential — — — — 6,238 6,238 Commercial — — 7,140 7,140 40,292 47,432 Real Estate Mortgage: Commercial – Owner Occupied 833 — 106 939 156,396 157,335 Commercial – Non-owner Occupied 59 — 5,220 5,279 261,292 266,571 Residential – 1 to 4 Family 590 76 6,526 7,192 179,192 186,384 Residential – Multifamily 360 — — 360 18,726 19,086 Consumer 107 — 65 172 9,949 10,121 Total Loans $ 1,949 $ 76 $ 21,519 $ 23,544 $ 706,436 $ 729,980 December 31, 2014 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Not Accruing Total Past Due Current Total Loans (amounts in thousands) Commercial and Industrial $ — $ 1,874 $ 61 $ 1,935 $ 28,157 $ 30,092 Real Estate Construction: Residential — — 238 238 5,621 5,859 Commercial — — 10,773 10,773 37,148 47,921 Real Estate Mortgage: Commercial – Owner Occupied — — 735 735 175,914 176,649 Commercial – Non-owner Occupied — — 8,624 8,624 229,294 237,918 Residential – 1 to 4 Family 629 20 6,367 7,016 164,878 171,894 Residential – Multifamily 364 — — 364 24,809 25,173 Consumer — — 94 94 17,461 17,555 Total Loans $ 993 $ 1,894 $ 26,892 $ 29,779 $ 683,282 $ 713,061
Impaired Loans	Impaired loans at June 30, 2015 and December 31, 2014 are set forth in the following tables. June 30, 2015 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 36 $ 36 $ — Real Estate Construction: Residential — — — Commercial 2,964 3,056 — Real Estate Mortgage: Commercial – Owner Occupied 106 106 — Commercial – Non-owner Occupied 2,052 2,052 — Residential – 1 to 4 Family 5,759 6,624 — Residential – Multifamily — — — Consumer — — — 10,917 11,874 — With an allowance recorded: Commercial and Industrial 2,883 2,884 1,621 Real Estate Construction: Residential — — — Commercial 7,360 9,814 497 Real Estate Mortgage: Commercial – Owner Occupied 4,736 4,765 85 Commercial – Non-owner Occupied 24,085 25,575 796 Residential – 1 to 4 Family 2,142 2,274 255 Residential – Multifamily 360 360 5 Consumer 65 65 7 41,631 45,737 3,266 Total: Commercial and Industrial 2,919 2,920 1,621 Real Estate Construction: Residential — — — Commercial 10,324 12,870 497 Real Estate Mortgage: Commercial – Owner Occupied 4,842 4,871 85 Commercial – Non-owner Occupied 26,137 27,627 796 Residential – 1 to 4 Family 7,901 8,898 255 Residential – Multifamily 360 360 5 Consumer 65 65 7 $ 52,548 $ 57,611 $ 3,266 December 31, 2014 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 61 $ 401 $ — Real Estate Construction: Residential — — — Commercial 4,033 4,161 — Real Estate Mortgage: Commercial – Owner Occupied 735 1,132 — Commercial – Non-owner Occupied 8,175 10,616 — Residential – 1 to 4 Family 2,548 3,291 — Residential – Multifamily — — — Consumer 94 94 — 15,646 19,695 — With an allowance recorded: Commercial and Industrial 2,346 2,346 1,040 Real Estate Construction: Residential 238 979 238 Commercial 10,025 10,025 2,535 Real Estate Mortgage: Commercial – Owner Occupied 5,216 5,245 114 Commercial – Non-owner Occupied 22,232 22,232 828 Residential – 1 to 4 Family 5,412 5,575 573 Residential – Multifamily 364 364 5 Consumer — — — 45,833 46,766 5,333 Total: Commercial and Industrial 2,407 2,747 1,040 Real Estate Construction: Residential 238 979 238 Commercial 14,058 14,186 2,535 Real Estate Mortgage: Commercial – Owner Occupied 5,951 6,377 114 Commercial – Non-owner Occupied 30,407 32,848 828 Residential – 1 to 4 Family 7,960 8,866 573 Residential – Multifamily 364 364 5 Consumer 94 94 — $ 61,479 $ 66,461 $ 5,333 The following tables present by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the six and three months ended June 30, 2015 and 2014 : Six Months Ended June 30, 2015 2014 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 4,239 $ 38 $ 822 $ 8 Real Estate Construction: Residential — — 652 — Commercial 13,073 123 18,348 231 Real Estate Mortgage: Commercial – Owner Occupied 5,888 101 6,868 133 Commercial – Non-owner Occupied 27,867 496 32,658 624 Residential – 1 to 4 Family 8,969 103 12,776 115 Residential – Multifamily 362 14 368 12 Consumer 65 — 94 1 Total $ 60,463 $ 875 $ 72,586 $ 1,124 Three Months Ended June 30, 2015 2014 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 4,045 $ 6 $ 753 $ 4 Real Estate Construction: Residential — — 588 — Commercial 13,008 51 18,329 115 Real Estate Mortgage: Commercial – Owner Occupied 5,854 50 6,783 59 Commercial – Non-owner Occupied 27,732 267 32,111 304 Residential – 1 to 4 Family 8,943 49 12,580 56 Residential – Multifamily 361 8 367 6 Consumer 65 — 94 1 Total $ 60,008 $ 431 $ 71,605 $ 545
Analysis of Credit Risk Profile by Internally Assigned Grades	An analysis of the credit risk profile by internally assigned grades as of June 30, 2015 and December 31, 2014 is as follows: At June 30, 2015 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 33,681 $ 615 $ 2,517 $ — $ 36,813 Real Estate Construction: Residential 6,238 — — — 6,238 Commercial 23,439 16,853 7,140 — 47,432 Real Estate Mortgage: Commercial – Owner Occupied 152,511 4,351 473 — 157,335 Commercial – Non-owner Occupied 250,737 5,404 10,430 — 266,571 Residential – 1 to 4 Family 176,925 1,183 8,276 — 186,384 Residential – Multifamily 18,726 — 360 — 19,086 Consumer 10,001 55 65 — 10,121 Total $ 672,258 $ 28,461 $ 29,261 $ — $ 729,980 At December 31, 2014 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 27,104 $ 642 $ 2,346 $ — $ 30,092 Real Estate Construction: Residential 5,621 — 238 — 5,859 Commercial 34,255 2,893 10,773 — 47,921 Real Estate Mortgage: Commercial – Owner Occupied 170,685 4,051 1,913 — 176,649 Commercial – Non-owner Occupied 218,230 5,791 13,897 — 237,918 Residential – 1 to 4 Family 162,787 613 8,494 — 171,894 Residential – Multifamily 24,809 — 364 — 25,173 Consumer 17,461 — 94 — 17,555 Total $ 660,952 $ 13,990 $ 38,119 $ — $ 713,061

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
ALLOWANCE FOR LOAN LOSSES (Tables)	Jun. 30, 2015
Loans and Leases Receivable, Allowance [Abstract]
Analysis of Allowance for Loan Losses	An analysis of the allowance for loan losses for the six and three month periods ended June 30, 2015 and 2014 is as follows: Allowance for Loan Losses : For the six months ended June 30, 2015 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 1,679 $ — $ 32 $ 646 $ 2,357 Real Estate Construction: Residential 316 (238 ) — 119 197 Commercial 3,015 (2,380 ) — 1,030 1,665 Real Estate Mortgage: Commercial – Owner Occupied 3,296 — 10 (307 ) 2,999 Commercial – Non-owner Occupied 4,962 (381 ) 398 492 5,471 Residential – 1 to 4 Family 4,156 (128 ) 33 (200 ) 3,861 Residential – Multifamily 357 — — (86 ) 271 Consumer 262 — — (104 ) 158 Total $ 18,043 $ (3,127 ) $ 473 $ 1,590 $ 16,979 Allowance for Loan Losses : For the six months ended June 30, 2014 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 591 $ (395 ) $ — $ 504 $ 700 Real Estate Construction: Residential 414 — 5 (330 ) 89 Commercial 948 — — (272 ) 676 Real Estate Mortgage: Commercial – Owner Occupied 4,735 (263 ) 2 (179 ) 4,295 Commercial – Non-owner Occupied 7,530 — — (1,504 ) 6,026 Residential – 1 to 4 Family 3,612 (2,437 ) 11 3,810 4,996 Residential – Multifamily 389 — — (7 ) 382 Consumer 341 (24 ) — (22 ) 295 Total $ 18,560 $ (3,119 ) $ 18 $ 2,000 $ 17,459 Allowance for Loan Losses : For the three months ended June 30, 2015 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 1,869 $ — $ 14 $ 474 $ 2,357 Real Estate Construction: Residential 186 — — 11 197 Commercial 1,618 — — 47 1,665 Real Estate Mortgage: Commercial – Owner Occupied 3,344 — — (345 ) 2,999 Commercial – Non-owner Occupied 4,581 — — 890 5,471 Residential – 1 to 4 Family 4,045 — 32 (216 ) 3,861 Residential – Multifamily 279 — — (8 ) 271 Consumer 261 — — (103 ) 158 Total $ 16,183 $ — $ 46 $ 750 $ 16,979 Allowance for Loan Losses : For the three months ended June 30, 2014 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 873 $ (395 ) $ — $ 222 $ 700 Real Estate Construction: Residential 138 — 5 (54 ) 89 Commercial 749 — — (73 ) 676 Real Estate Mortgage: Commercial – Owner Occupied 4,710 (182 ) — (233 ) 4,295 Commercial – Non-owner Occupied 5,973 — — 53 6,026 Residential – 1 to 4 Family 6,001 (2,417 ) 11 1,401 4,996 Residential – Multifamily 370 — — 12 382 Consumer 319 — — (24 ) 295 Unallocated 304 — — (304 ) — Total $ 19,437 $ (2,994 ) $ 16 $ 1,000 $ 17,459 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 1,621 $ 736 $ 2,357 Real Estate Construction: Residential — 197 197 Commercial 497 1,168 1,665 Real Estate Mortgage: Commercial – Owner Occupied 85 2,914 2,999 Commercial – Non-owner Occupied 796 4,675 5,471 Residential – 1 to 4 Family 255 3,606 3,861 Residential – Multifamily 5 266 271 Consumer 7 151 158 Total $ 3,266 $ 13,713 $ 16,979 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 1,040 $ 639 $ 1,679 Real Estate Construction: Residential 238 78 316 Commercial 2,535 480 3,015 Real Estate Mortgage: Commercial – Owner Occupied 114 3,182 3,296 Commercial – Non-owner Occupied 828 4,134 4,962 Residential – 1 to 4 Family 573 3,583 4,156 Residential – Multifamily 5 352 357 Consumer — 262 262 Total $ 5,333 $ 12,710 $ 18,043 Loans, at June 30, 2015: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 2,919 $ 33,894 $ 36,813 Real Estate Construction: Residential — 6,238 6,238 Commercial 10,324 37,108 47,432 Real Estate Mortgage: Commercial – Owner Occupied 4,842 152,493 157,335 Commercial – Non-owner Occupied 26,137 240,434 266,571 Residential – 1 to 4 Family 7,901 178,483 186,384 Residential – Multifamily 360 18,726 19,086 Consumer 65 10,056 10,121 Total $ 52,548 $ 677,432 $ 729,980 Loans, at December 31, 2014: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 2,407 $ 27,685 $ 30,092 Real Estate Construction: Residential 238 5,621 5,859 Commercial 14,058 33,863 47,921 Real Estate Mortgage: Commercial – Owner Occupied 5,951 170,698 176,649 Commercial – Non-owner Occupied 30,407 207,511 237,918 Residential – 1 to 4 Family 7,960 163,934 171,894 Residential – Multifamily 364 24,809 25,173 Consumer 94 17,461 17,555 Total $ 61,479 $ 651,582 $ 713,061

REGULATORY RESTRICTIONS (Tables

REGULATORY RESTRICTIONS (Tables)	6 Months Ended
REGULATORY RESTRICTIONS (Tables)	Jun. 30, 2015
Banking and Thrift [Abstract]
Quantitative Measures Established by Regulation to Ensure Capital Adequacy Minimum Amounts and Ratios	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 $ 123,539 17.23 % $ 57,367 8 % N/A N/A Tier 1 Capital $ 114,593 15.98 % $ 28,684 4 % N/A N/A Tier 1 Capital $ 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 $ 123,609 17.22 % $ 57,426 8 % $ 71,783 10 % Tier 1 Capital $ 114,664 15.97 % $ 28,713 4 % $ 43,070 6 % Tier 1 Capital $ 114,664 14.27 % $ 32,150 4 % $ 40,188 5 %

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	6 Months Ended
OTHER COMPREHENSIVE INCOME (Tables)	Jun. 30, 2015
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income	The Company’s accumulated other comprehensive income consisted of the following at June 30, 2015 and December 31, 2014 : June 30, December 31, (amounts in thousands) Securities: Non-credit unrealized losses on securities with OTTI $ (431 ) $ (457 ) Unrealized gains on securities without OTTI 195 731 Tax impact 94 (109 ) Accumulated other comprehensive income $ (142 ) $ 165

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
FAIR VALUE (Tables)	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The table below presents the balances of assets and liabilities measured at fair value on a recurring basis. Financial Assets Level 1 Level 2 Level 3 Total (amounts in thousands) Securities Available for Sale As of June 30, 2015 Corporate debt obligations $ — $ 520 $ — $ 520 Residential mortgage-backed securities — 44,227 — 44,227 Collateralized mortgage-backed securities — 313 — 313 Collateralized debt obligations — — 375 375 Total $ — $ 45,060 $ 375 $ 45,435 As of December 31, 2014 Corporate debt obligations $ — $ 522 $ — $ 522 Residential mortgage-backed securities — 26,947 — 26,947 Collateralized mortgage-backed securities — 390 — 390 Collateralized debt obligations — — 349 349 Total $ — $ 27,859 $ 349 $ 28,208
Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis	The changes in Level 3 assets measured at fair value on a recurring basis are summarized as follows for the three and six months ended June 30, : Securities Available for Sale June 30, 2015 June 30, 2014 (amounts in thousands) Beginning balance at January 1, $ 349 $ 4,144 Total net gains included in: Net gain — 178 Other comprehensive income 26 — Settlements — (3,973 ) Net transfers into Level 3 — — Ending balance $ 375 $ 349
Fair Value on a Non-recurring Basis	Certain assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial Assets Level 1 Level 2 Level 3 Total (amounts in thousands) As of June 30, 2015 Collateral dependent impaired loans $ — $ — $ 28,144 $ 28,144 OREO — — 19,752 19,752 As of December 31, 2014 Collateral dependent impaired loans $ — $ — $ 35,711 $ 35,711 OREO — — 20,931 20,931
Summary of Carrying Value and Fair Value of Financial Instruments	The following table summarizes the carrying amounts and fair values for financial instruments at June 30, 2015 and December 31, 2014 : Level in Fair Value Hierarchy June 30, 2015 December 31, 2014 Carrying Value Fair Value Carrying Value Fair Value (amounts in thousands) Financial Assets: Cash and cash equivalents Level 1 $ 49,375 $ 49,375 $ 36,238 $ 36,238 Investment securities AFS (1) 45,435 45,435 28,208 28,208 Investment securities HTM Level 2 2,161 2,405 2,141 2,377 Restricted stock Level 2 4,119 4,119 3,152 3,152 Loans held for sale Level 2 1,063 1,063 2,932 3,328 Loans, net (2) 729,980 733,176 695,018 698,843 Accrued interest receivable Level 2 2,840 2,840 2,827 2,827 Financial Liabilities: Demand and savings deposits Level 2 $ 380,763 $ 380,763 $ 372,827 $ 372,827 Time deposits Level 2 291,916 293,635 275,106 276,528 Borrowings Level 2 83,163 79,928 62,755 60,297 Accrued interest payable Level 2 507 507 445 445 (1) See the recurring fair value table above. (2) For non-impaired loans, Level 2; for impaired loans, Level 3.

EARNINGS PER SHARE ("EPS") (Tab

EARNINGS PER SHARE ("EPS") (Tables)	6 Months Ended
EARNINGS PER SHARE ("EPS") (Tables)	Jun. 30, 2015
Earnings Per Share [Abstract]
Calculation of Basic and Diluted EPS	The following tables set forth the calculation of basic and diluted EPS for the six and three month periods ended June 30, 2015 and 2014 . For the six months ended For the three months ended 2015 2014 2015 2014 (amounts in thousands except share data) (amounts in thousands except share data) Basic earnings per common share Net income available to common shareholders $ 4,421 $ 4,211 $ 2,223 $ 2,186 Average common shares outstanding 6,022,768 5,990,309 6,034,613 5,991,859 Basic earnings per common share $ 0.73 $ 0.70 $ 0.37 $ 0.36 Diluted earnings per common share Net income available to common shareholders $ 4,421 $ 4,211 $ 2,223 $ 2,186 Dividend on Preferred Series B 600 600 300 300 Average common shares outstanding 6,022,768 5,990,309 6,034,613 5,991,859 Dilutive potential common shares 1,921,579 1,932,892 1,927,107 1,938,659 Total diluted average common shares outstanding 7,944,347 7,923,201 7,961,720 7,930,518 Diluted earnings per common share $ 0.63 $ 0.61 $ 0.32 $ 0.31

ORGANIZATION (Details)

ORGANIZATION (Details)	6 Months Ended
ORGANIZATION (Details)	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Date of commencement of operations	Jan. 28, 1999

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jun. 30, 2015
Accounting Policies [Abstract]
Ownership interest in joint venture (in hundredths)	51.00%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details)	3 Months Ended		6 Months Ended
INVESTMENT SECURITIES (Details)	Jun. 30, 2015USD ($)security	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)security	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Available-for-sale: [Abstract]
Amortized cost	$ 45,671,000		$ 45,671,000		$ 27,933,000
Gross unrealized gains	610,000		610,000		791,000
Gross unrealized losses	415,000		415,000		59,000
Other-than-temporary impairments in OCI	431,000		431,000		457,000
Investment securities available for sale, at fair value	45,435,000		45,435,000		28,208,000
Available-for-sale, amortized cost [Abstract]
Due within one year	0		0
Due after one year through five years	0		0
Due after five years through ten years	0		0
Due after ten years	1,306,000		1,306,000
Residential mortgage-backed securities and collateralized mortgage obligations	44,365,000		44,365,000
Total available-for-sale	45,671,000		45,671,000
Available-for-sale, fair value [Abstract]
Due within one year	0		0
Due after one year through five years	0		0
Due after five years through ten years	0		0
Due after ten years	894,000		894,000
Residential mortgage-backed securities and collateralized mortgage obligations	44,541,000		44,541,000
Total available-for-sale securities	45,435,000		45,435,000		28,208,000
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	20,464,000		20,464,000		3,968,000
Less Than 12 Months, Unrealized Losses	350,000		350,000		59,000
12 Months or Greater, Fair value	3,578,000		3,578,000		0
12 Months or Greater, Unrealized Losses	65,000		65,000		0
Total, Fair Value	24,042,000		24,042,000		3,968,000
Total, Unrealized Losses	415,000		415,000		59,000
Held to maturity: [Abstract]
Amortized cost	2,161,000		2,161,000		2,141,000
Total held to maturity fair value	2,406,000		2,406,000		2,377,000
Held-to-maturity, amortized cost [Abstract]
Due within one year	0		0
Due after one year through five years	0		0
Due after five years through ten years	0		0
Due after ten years	2,161,000		2,161,000
Amortized cost	2,161,000		2,161,000		2,141,000
Held-to-maturity, fair value [Abstract]
Due within one year	0		0
Due after one year through five years	0		0
Due after five years through ten years	0		0
Due after ten years	2,406,000		2,406,000
Total held to maturity fair value	2,406,000		2,406,000		2,377,000
Fair value of securities pledged as collateral for borrowed funds	0		0		0
Fair value of securities pledged to secure public deposits	12,900,000		12,900,000		15,000,000
Changes in the credit loss component of credit-impaired debt securities [Roll Forward]
Beginning balance			171,000	$ 1,126,000
Initial credit impairment			0	0
Subsequent credit impairments			0	0
Reductions for amounts recognized in earnings due to intent or requirement to sell			0	0
Reductions for securities sold			0	(955,000)
Reductions for securities deemed worthless			0	0
Reductions for increases in cash flows expected to be collected			0	0
Ending balance	171,000	$ 171,000	171,000	$ 171,000
Changes in the credit loss component of credit-impaired debt securities	$ 0	$ 0
Number of security sold during period \| security	3
Gain on sale of investments security			178,000
Corporate debt obligations
Available-for-sale: [Abstract]
Amortized cost	$ 500,000		500,000		500,000
Gross unrealized gains	20,000		20,000		22,000
Gross unrealized losses	0		0		0
Other-than-temporary impairments in OCI	0		0		0
Investment securities available for sale, at fair value	520,000		520,000		522,000
Available-for-sale, fair value [Abstract]
Total available-for-sale securities	520,000		520,000		522,000
Residential mortgage-backed securities
Available-for-sale: [Abstract]
Amortized cost	44,063,000		44,063,000		26,252,000
Gross unrealized gains	579,000		579,000		754,000
Gross unrealized losses	415,000		415,000		59,000
Other-than-temporary impairments in OCI	0		0		0
Investment securities available for sale, at fair value	44,227,000		44,227,000		26,947,000
Available-for-sale, fair value [Abstract]
Total available-for-sale securities	44,227,000		44,227,000		26,947,000
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	20,464,000		20,464,000		3,968,000
Less Than 12 Months, Unrealized Losses	350,000		350,000		59,000
12 Months or Greater, Fair value	3,578,000		3,578,000		0
12 Months or Greater, Unrealized Losses	65,000		65,000		0
Total, Fair Value	24,042,000		24,042,000		3,968,000
Total, Unrealized Losses	$ 415,000		$ 415,000		59,000
Collateralized Debt Obligations [Abstract]
Number of securities issued \| security	7		7
Collateralized mortgage obligations
Available-for-sale: [Abstract]
Amortized cost	$ 302,000		$ 302,000		375,000
Gross unrealized gains	11,000		11,000		15,000
Gross unrealized losses	0		0		0
Other-than-temporary impairments in OCI	0		0		0
Investment securities available for sale, at fair value	313,000		313,000		390,000
Available-for-sale, fair value [Abstract]
Total available-for-sale securities	313,000		313,000		390,000
Collateralized debt obligations
Available-for-sale: [Abstract]
Amortized cost	806,000		806,000		806,000
Gross unrealized gains	0		0		0
Gross unrealized losses	0		0		0
Other-than-temporary impairments in OCI	431,000		431,000		457,000
Investment securities available for sale, at fair value	375,000		375,000		349,000
Available-for-sale, fair value [Abstract]
Total available-for-sale securities	375,000		375,000		349,000
States and political subdivisions
Held to maturity: [Abstract]
Amortized cost	2,161,000		2,161,000		2,141,000
Gross unrealized gains	245,000		245,000		236,000
Gross unrealized losses	0		0		0
Other-than-temporary impairments in OCI	0		0		0
Total held to maturity fair value	2,406,000		2,406,000		2,377,000
Held-to-maturity, amortized cost [Abstract]
Amortized cost	2,161,000		2,161,000		2,141,000
Held-to-maturity, fair value [Abstract]
Total held to maturity fair value	$ 2,406,000		$ 2,406,000		$ 2,377,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 729,980	$ 713,061
Percentage of Total Loans (in hundredths)	100.00%	100.00%
Loan origination/risk management [Abstract]
Percentage of loan-to-value (in hundredths)	80.00%
Commercial and Industrial
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 36,813	$ 30,092
Percentage of Total Loans (in hundredths)	5.00%	4.20%
Residential
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 6,238	$ 5,859
Percentage of Total Loans (in hundredths)	0.90%	0.80%
Commercial
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 47,432	$ 47,921
Percentage of Total Loans (in hundredths)	6.50%	6.70%
Commercial – Owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 157,335	$ 176,649
Percentage of Total Loans (in hundredths)	21.60%	24.80%
Commercial – Non-owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 266,571	$ 237,918
Percentage of Total Loans (in hundredths)	36.50%	33.40%
Residential – 1 to 4 Family
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 186,384	$ 171,894
Percentage of Total Loans (in hundredths)	25.50%	24.10%
Residential – Multifamily
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 19,086	$ 25,173
Percentage of Total Loans (in hundredths)	2.60%	3.50%
Consumer
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 10,121	$ 17,555
Percentage of Total Loans (in hundredths)	1.40%	2.50%

LOANS, Nonaccrual and Past Due

LOANS, Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Nonaccrual and Past Due Loans [Abstract]
Number of days past due for loan to be classified under non-accrual status	90 days
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	$ 1,949	$ 993
60-89 Days Past Due	76	1,894
Greater than 90 Days and Not Accruing	21,519	26,892
Total Past Due	23,544	29,779
Current	706,436	683,282
Total Loans	729,980	713,061
Commercial and Industrial
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	0	0
60-89 Days Past Due	0	1,874
Greater than 90 Days and Not Accruing	2,462	61
Total Past Due	2,462	1,935
Current	34,351	28,157
Total Loans	36,813	30,092
Residential
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	0	0
60-89 Days Past Due	0	0
Greater than 90 Days and Not Accruing	0	238
Total Past Due	0	238
Current	6,238	5,621
Total Loans	6,238	5,859
Commercial
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	0	0
60-89 Days Past Due	0	0
Greater than 90 Days and Not Accruing	7,140	10,773
Total Past Due	7,140	10,773
Current	40,292	37,148
Total Loans	47,432	47,921
Commercial – Owner Occupied
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	833	0
60-89 Days Past Due	0	0
Greater than 90 Days and Not Accruing	106	735
Total Past Due	939	735
Current	156,396	175,914
Total Loans	157,335	176,649
Commercial – Non-owner Occupied
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	59	0
60-89 Days Past Due	0	0
Greater than 90 Days and Not Accruing	5,220	8,624
Total Past Due	5,279	8,624
Current	261,292	229,294
Total Loans	266,571	237,918
Residential – 1 to 4 Family
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	590	629
60-89 Days Past Due	76	20
Greater than 90 Days and Not Accruing	6,526	6,367
Total Past Due	7,192	7,016
Current	179,192	164,878
Total Loans	186,384	171,894
Residential – Multifamily
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	360	364
60-89 Days Past Due	0	0
Greater than 90 Days and Not Accruing	0	0
Total Past Due	360	364
Current	18,726	24,809
Total Loans	19,086	25,173
Consumer
Age analysis of past due loans by class [Abstract]
30-59 Days Past Due	107	0
60-89 Days Past Due	0	0
Greater than 90 Days and Not Accruing	65	94
Total Past Due	172	94
Current	9,949	17,461
Total Loans	$ 10,121	$ 17,555

LOANS, Impaired Loans and Troub

LOANS, Impaired Loans and Troubled debt restructurings (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)loanquarter	Jun. 30, 2014USD ($)loan	Jun. 30, 2015USD ($)loanquarterpayment	Jun. 30, 2014USD ($)loan	Dec. 31, 2014USD ($)
Financing Receivable, Impaired [Line Items]
Period for performing appraisal of loans			12 months
Period for borrower to pledge additional security, maximum			90 days
Period of payment history, minimum			9 months
Recorded Investment
With no related allowance recorded	$ 10,917		$ 10,917		$ 15,646
With an allowance recorded	41,631		41,631		45,833
Total recorded investment	52,548		52,548		61,479
Unpaid Principal Balance
With no related allowance recorded	11,874		11,874		19,695
With an allowance recorded	45,737		45,737		46,766
Total unpaid principal balance	57,611		57,611		66,461
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	3,266		3,266		5,333
Total related allowance	3,266		3,266		5,333
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	60,008	$ 71,605	60,463	$ 72,586
Interest Income Recognized	$ 431	$ 545	$ 875	$ 1,124
Troubled debt restructurings [Abstract]
Period of current payment history			6 months
Debt coverage ratio	1.25		1.25
Number of projected future quarters under review \| quarter	4		4
Number of consecutive payments to qualify for return to accrual status \| payment			6
Performing TDRs	$ 31,000		$ 31,000		32,700
Allowances for Performing TDRs	711		711		812
Nonperforming TDRs	7,400		7,400		9,500
Allowance for nonperforming TDRs	$ 0		$ 0		293
Number of loans modified as TDRs \| loan	0	0	0	0
Subsequent default, number of contracts \| loan	0		0
Commercial and Industrial
Recorded Investment
With no related allowance recorded	$ 36		$ 36		61
With an allowance recorded	2,883		2,883		2,346
Total recorded investment	2,919		2,919		2,407
Unpaid Principal Balance
With no related allowance recorded	36		36		401
With an allowance recorded	2,884		2,884		2,346
Total unpaid principal balance	2,920		2,920		2,747
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	1,621		1,621		1,040
Total related allowance	1,621		1,621		1,040
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	4,045	$ 753	4,239	$ 822
Interest Income Recognized	6	4	38	8
Residential
Recorded Investment
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		238
Total recorded investment	0		0		238
Unpaid Principal Balance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		979
Total unpaid principal balance	0		0		979
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		238
Total related allowance	0		0		238
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	588	0	652
Interest Income Recognized	0	0	0	0
Commercial
Recorded Investment
With no related allowance recorded	2,964		2,964		4,033
With an allowance recorded	7,360		7,360		10,025
Total recorded investment	10,324		10,324		14,058
Unpaid Principal Balance
With no related allowance recorded	3,056		3,056		4,161
With an allowance recorded	9,814		9,814		10,025
Total unpaid principal balance	12,870		12,870		14,186
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	497		497		2,535
Total related allowance	497		497		2,535
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	13,008	18,329	13,073	18,348
Interest Income Recognized	51	115	123	231
Commercial – Owner Occupied
Recorded Investment
With no related allowance recorded	106		106		735
With an allowance recorded	4,736		4,736		5,216
Total recorded investment	4,842		4,842		5,951
Unpaid Principal Balance
With no related allowance recorded	106		106		1,132
With an allowance recorded	4,765		4,765		5,245
Total unpaid principal balance	4,871		4,871		6,377
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	85		85		114
Total related allowance	85		85		114
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	5,854	6,783	5,888	6,868
Interest Income Recognized	50	59	101	133
Commercial – Non-owner Occupied
Recorded Investment
With no related allowance recorded	2,052		2,052		8,175
With an allowance recorded	24,085		24,085		22,232
Total recorded investment	26,137		26,137		30,407
Unpaid Principal Balance
With no related allowance recorded	2,052		2,052		10,616
With an allowance recorded	25,575		25,575		22,232
Total unpaid principal balance	27,627		27,627		32,848
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	796		796		828
Total related allowance	796		796		828
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	27,732	32,111	27,867	32,658
Interest Income Recognized	267	304	496	624
Residential – 1 to 4 Family
Recorded Investment
With no related allowance recorded	5,759		5,759		2,548
With an allowance recorded	2,142		2,142		5,412
Total recorded investment	7,901		7,901		7,960
Unpaid Principal Balance
With no related allowance recorded	6,624		6,624		3,291
With an allowance recorded	2,274		2,274		5,575
Total unpaid principal balance	8,898		8,898		8,866
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	255		255		573
Total related allowance	255		255		573
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	8,943	12,580	8,969	12,776
Interest Income Recognized	49	56	103	115
Residential – Multifamily
Recorded Investment
With no related allowance recorded	0		0		0
With an allowance recorded	360		360		364
Total recorded investment	360		360		364
Unpaid Principal Balance
With no related allowance recorded	0		0		0
With an allowance recorded	360		360		364
Total unpaid principal balance	360		360		364
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	5		5		5
Total related allowance	5		5		5
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	361	367	362	368
Interest Income Recognized	8	6	14	12
Consumer
Recorded Investment
With no related allowance recorded	0		0		94
With an allowance recorded	65		65		0
Total recorded investment	65		65		94
Unpaid Principal Balance
With no related allowance recorded	0		0		94
With an allowance recorded	65		65		0
Total unpaid principal balance	65		65		94
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	7		7		0
Total related allowance	7		7		$ 0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	65	94	65	94
Interest Income Recognized	$ 0	$ 1	$ 0	$ 1

LOANS, Credit Quality Indicator

LOANS, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 729,980	$ 713,061
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans	36,813	30,092
Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	6,238	5,859
Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	47,432	47,921
Commercial – Owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	157,335	176,649
Commercial – Non-owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	266,571	237,918
Residential – 1 to 4 Family
Financing Receivable, Recorded Investment [Line Items]
Loans	186,384	171,894
Residential – Multifamily
Financing Receivable, Recorded Investment [Line Items]
Loans	19,086	25,173
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	10,121	17,555
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	672,258	660,952
Pass \| Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans	33,681	27,104
Pass \| Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	6,238	5,621
Pass \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	23,439	34,255
Pass \| Commercial – Owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	152,511	170,685
Pass \| Commercial – Non-owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	250,737	218,230
Pass \| Residential – 1 to 4 Family
Financing Receivable, Recorded Investment [Line Items]
Loans	176,925	162,787
Pass \| Residential – Multifamily
Financing Receivable, Recorded Investment [Line Items]
Loans	18,726	24,809
Pass \| Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	10,001	17,461
OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	28,461	13,990
OAEM \| Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans	615	642
OAEM \| Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
OAEM \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	16,853	2,893
OAEM \| Commercial – Owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	4,351	4,051
OAEM \| Commercial – Non-owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	5,404	5,791
OAEM \| Residential – 1 to 4 Family
Financing Receivable, Recorded Investment [Line Items]
Loans	1,183	613
OAEM \| Residential – Multifamily
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
OAEM \| Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	55	0
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	29,261	38,119
Substandard \| Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans	2,517	2,346
Substandard \| Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	0	238
Substandard \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	7,140	10,773
Substandard \| Commercial – Owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	473	1,913
Substandard \| Commercial – Non-owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	10,430	13,897
Substandard \| Residential – 1 to 4 Family
Financing Receivable, Recorded Investment [Line Items]
Loans	8,276	8,494
Substandard \| Residential – Multifamily
Financing Receivable, Recorded Investment [Line Items]
Loans	360	364
Substandard \| Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	65	94
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful \| Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful \| Residential
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful \| Commercial – Owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful \| Commercial – Non-owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful \| Residential – 1 to 4 Family
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful \| Residential – Multifamily
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful \| Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Dec. 31, 2014
Allowance for Loan Losses [Roll Forward]
Beginning Balance	$ 16,183	$ 19,437	$ 18,043	$ 18,560
Charge-offs	0	(2,994)	(3,127)	(3,119)
Recoveries	46	16	473	18
Provisions (Credits)	750	1,000	1,590	2,000
Ending Balance	16,979	17,459	16,979	17,459
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					$ 3,266	$ 5,333
Allowances for loan losses, Collectively evaluated for impairment					13,713	12,710
Allowance for loan losses	16,183	19,437	18,043	18,560	16,979	18,043
Loans, individually evaluated for impairment					52,548	61,479
Loans, collectively evaluated for impairment					677,432	651,582
Total Loans					729,980	713,061
Commercial and Industrial
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,869	873	1,679	591
Charge-offs	0	(395)	0	(395)
Recoveries	14	0	32	0
Provisions (Credits)	474	222	646	504
Ending Balance	2,357	700	2,357	700
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					1,621	1,040
Allowances for loan losses, Collectively evaluated for impairment					736	639
Allowance for loan losses	1,869	873	1,679	591	2,357	1,679
Loans, individually evaluated for impairment					2,919	2,407
Loans, collectively evaluated for impairment					33,894	27,685
Total Loans					36,813	30,092
Residential
Allowance for Loan Losses [Roll Forward]
Beginning Balance	186	138	316	414
Charge-offs	0	0	(238)	0
Recoveries	0	5	0	5
Provisions (Credits)	11	(54)	119	(330)
Ending Balance	197	89	197	89
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					0	238
Allowances for loan losses, Collectively evaluated for impairment					197	78
Allowance for loan losses	186	138	316	414	197	316
Loans, individually evaluated for impairment					0	238
Loans, collectively evaluated for impairment					6,238	5,621
Total Loans					6,238	5,859
Commercial
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,618	749	3,015	948
Charge-offs	0	0	(2,380)	0
Recoveries	0	0	0	0
Provisions (Credits)	47	(73)	1,030	(272)
Ending Balance	1,665	676	1,665	676
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					497	2,535
Allowances for loan losses, Collectively evaluated for impairment					1,168	480
Allowance for loan losses	1,618	749	3,015	948	1,665	3,015
Loans, individually evaluated for impairment					10,324	14,058
Loans, collectively evaluated for impairment					37,108	33,863
Total Loans					47,432	47,921
Commercial – Owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	3,344	4,710	3,296	4,735
Charge-offs	0	(182)	0	(263)
Recoveries	0	0	10	2
Provisions (Credits)	(345)	(233)	(307)	(179)
Ending Balance	2,999	4,295	2,999	4,295
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					85	114
Allowances for loan losses, Collectively evaluated for impairment					2,914	3,182
Allowance for loan losses	3,344	4,710	3,296	4,735	2,999	3,296
Loans, individually evaluated for impairment					4,842	5,951
Loans, collectively evaluated for impairment					152,493	170,698
Total Loans					157,335	176,649
Commercial – Non-owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	4,581	5,973	4,962	7,530
Charge-offs	0	0	(381)	0
Recoveries	0	0	398	0
Provisions (Credits)	890	53	492	(1,504)
Ending Balance	5,471	6,026	5,471	6,026
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					796	828
Allowances for loan losses, Collectively evaluated for impairment					4,675	4,134
Allowance for loan losses	4,581	5,973	4,962	7,530	5,471	4,962
Loans, individually evaluated for impairment					26,137	30,407
Loans, collectively evaluated for impairment					240,434	207,511
Total Loans					266,571	237,918
Residential – 1 to 4 Family
Allowance for Loan Losses [Roll Forward]
Beginning Balance	4,045	6,001	4,156	3,612
Charge-offs	0	(2,417)	(128)	(2,437)
Recoveries	32	11	33	11
Provisions (Credits)	(216)	1,401	(200)	3,810
Ending Balance	3,861	4,996	3,861	4,996
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					255	573
Allowances for loan losses, Collectively evaluated for impairment					3,606	3,583
Allowance for loan losses	4,045	6,001	4,156	3,612	3,861	4,156
Loans, individually evaluated for impairment					7,901	7,960
Loans, collectively evaluated for impairment					178,483	163,934
Total Loans					186,384	171,894
Residential – Multifamily
Allowance for Loan Losses [Roll Forward]
Beginning Balance	279	370	357	389
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions (Credits)	(8)	12	(86)	(7)
Ending Balance	271	382	271	382
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					5	5
Allowances for loan losses, Collectively evaluated for impairment					266	352
Allowance for loan losses	279	370	357	389	271	357
Loans, individually evaluated for impairment					360	364
Loans, collectively evaluated for impairment					18,726	24,809
Total Loans					19,086	25,173
Consumer
Allowance for Loan Losses [Roll Forward]
Beginning Balance	261	319	262	341
Charge-offs	0	0	0	(24)
Recoveries	0	0	0	0
Provisions (Credits)	(103)	(24)	(104)	(22)
Ending Balance	158	295	158	295
Loans and Allowances for Loan Losses [Abstract]
Allowances for loan losses, Individually evaluated for impairment					7	0
Allowances for loan losses, Collectively evaluated for impairment					151	262
Allowance for loan losses	$ 261	319	$ 262	341	158	262
Loans, individually evaluated for impairment					65	94
Loans, collectively evaluated for impairment					10,056	17,461
Total Loans					$ 10,121	$ 17,555
Unallocated
Allowance for Loan Losses [Roll Forward]
Beginning Balance		304
Charge-offs		0
Recoveries		0
Provisions (Credits)		(304)
Ending Balance		0		0
Loans and Allowances for Loan Losses [Abstract]
Allowance for loan losses		$ 304		$ 0

REGULATORY RESTRICTIONS (Detail

REGULATORY RESTRICTIONS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	$ 129,629	$ 123,539
For Capital Adequacy Purposes, Amount	59,803	57,367
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	120,190	114,593
For Capital Adequacy Purposes, Amount	$ 29,901	$ 28,684
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio (in hundredths)	17.34%	17.23%
Total Risk Based Capital, For Capital Adequacy Purposes, Ratio (in hundredths)	8.00%	8.00%
Tier 1 Capital, Actual, Ratio (in hundredths)	16.08%	15.98%
Tier 1 Capital, For Capital Adequacy Purposes, Ratio (in hundredths)	4.00%	4.00%
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Amount	$ 120,190	$ 114,593
For Capital Adequacy Purposes, Amount	$ 33,676	$ 32,460
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio (in hundredths)	14.28%	14.12%
For Capital Adequacy Purposes, Ratio (in hundredths)	4.00%	4.00%
Parke Bank
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	$ 128,842	$ 123,609
For Capital Adequacy Purposes, Amount	59,803	57,426
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	74,754	71,783
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	119,396	114,664
For Capital Adequacy Purposes, Amount	29,901	28,713
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	44,852	$ 43,070
Tier One Common Equity Risk Based Capital [Abstract]
Actual, Amount	119,396
For Capital Adequacy Purposes, Amount	29,901
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 44,852
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio (in hundredths)	17.23%	17.22%
Total Risk Based Capital, For Capital Adequacy Purposes, Ratio (in hundredths)	8.00%	8.00%
Total Risk Based Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio (in hundredths)	10.00%	10.00%
Tier 1 Capital, Actual, Ratio (in hundredths)	15.97%	15.97%
Tier 1 Capital, For Capital Adequacy Purposes, Ratio (in hundredths)	4.00%	4.00%
Tier 1 Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio (in hundredths)	6.00%	6.00%
Tier 1 Capital Common Equity , Actual, Ratio (in hundredths)	15.97%
Tier 1 Capital Common Equity, For Capital Adequacy Purposes, Ratio (in hundredths)	4.00%
Tier 1 Capital Common Equity , To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio (in hundredths)	6.00%
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Amount	$ 119,396	$ 114,664
For Capital Adequacy Purposes, Amount	33,635	32,150
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 42,043	$ 40,188
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio (in hundredths)	14.20%	14.27%
For Capital Adequacy Purposes, Ratio (in hundredths)	4.00%	4.00%
To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio (in hundredths)	5.00%	5.00%

OTHER COMPREHENSIVE INCOME (Det

OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Securities:
Non-credit unrealized losses on securities with OTTI	$ (431)	$ (457)
Unrealized gains on securities without OTTI	195	731
Tax impact	94	(109)
Accumulated other comprehensive income	$ (142)	$ 165

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	6 Months Ended
FAIR VALUE (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Severity of the losses on securities (in hundredths)	95.00%
Trust preferred securities maturity period	5 years
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Securities Available for Sale	$ 45,435		$ 28,208
Financial Assets [Abstract]
Investment securities AFS	45,435		28,208
Investment securities HTM	2,406		2,377
Changes in Level 3 assets measured at fair value on a recurring basis [Abstract]
Beginning balance	349	$ 4,144
Total net gains included in [Abstract]
Net gain	0	178
Other comprehensive income	26	0
Settlements	0	(3,973)
Net transfers into Level 3	0	0
Ending balance	$ 375	$ 349
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trust preferred securities expected to prepay (in hundredths)	1.00%
Trust preferred securities expected to default (in hundredths)	0.57%
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	5.00%
Minimum \| 3-Month LIBOR
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Variable basis point of discounted cash flow hedging (in hundredths)	4.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trust preferred securities expected to prepay (in hundredths)	2.00%
Trust preferred securities expected to default (in hundredths)	0.66%
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	10.00%
Maximum \| 3-Month LIBOR
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Variable basis point of discounted cash flow hedging (in hundredths)	9.59%
Recurring
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	$ 520		522
Residential mortgage-backed securities	44,227		26,947
Collateralized mortgage-backed securities	313		390
Collateralized debt obligations	375		349
Securities Available for Sale	45,435		28,208
Financial Assets [Abstract]
Investment securities AFS	45,435		28,208
Recurring \| Level 1
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	0		0
Residential mortgage-backed securities	0		0
Collateralized debt obligations	0		0
Securities Available for Sale	0		0
Financial Assets [Abstract]
Investment securities AFS	0		0
Recurring \| Level 2
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	520		522
Residential mortgage-backed securities	44,227		26,947
Collateralized mortgage-backed securities	313		390
Collateralized debt obligations	0		0
Securities Available for Sale	45,060		27,859
Financial Assets [Abstract]
Investment securities AFS	45,060		27,859
Recurring \| Level 3
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	0		0
Residential mortgage-backed securities	0		0
Collateralized mortgage-backed securities	0		0
Collateralized debt obligations	375		349
Securities Available for Sale	375		349
Financial Assets [Abstract]
Investment securities AFS	375		349
Nonrecurring
Fair value on a non-recurring basis [Abstract]
Collateral dependent impaired loans	28,144		35,711
OREO	19,752		20,931
Valuation allowance	2,700		4,700
Nonrecurring \| Level 1
Fair value on a non-recurring basis [Abstract]
Collateral dependent impaired loans	0		0
OREO	0		0
Nonrecurring \| Level 2
Fair value on a non-recurring basis [Abstract]
Collateral dependent impaired loans	0		0
OREO	0		0
Nonrecurring \| Level 3
Fair value on a non-recurring basis [Abstract]
Collateral dependent impaired loans	28,144		35,711
OREO	19,752		20,931
Reported Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Securities Available for Sale	45,435		28,208
Financial Assets [Abstract]
Investment securities AFS	45,435		28,208
Loans, net	729,980		695,018
Reported Value Measurement \| Level 1
Financial Assets [Abstract]
Cash and cash equivalents	49,375		36,238
Reported Value Measurement \| Level 2
Financial Assets [Abstract]
Investment securities HTM	2,161		2,141
Restricted stock	4,119		3,152
Loans held for sale	1,063		2,932
Accrued interest receivable	2,840		2,827
Financial Liabilities [Abstract]
Demand and savings deposits	380,763		372,827
Time deposits	291,916		275,106
Borrowings	83,163		62,755
Accrued interest payable	507		445
Estimate of Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Securities Available for Sale	45,435		28,208
Financial Assets [Abstract]
Investment securities AFS	45,435		28,208
Loans, net	733,176		698,843
Estimate of Fair Value Measurement \| Level 1
Financial Assets [Abstract]
Cash and cash equivalents	49,375		36,238
Estimate of Fair Value Measurement \| Level 2
Financial Assets [Abstract]
Investment securities HTM	2,405		2,377
Restricted stock	4,119		3,152
Loans held for sale	1,063		3,328
Accrued interest receivable	2,840		2,827
Financial Liabilities [Abstract]
Demand and savings deposits	380,763		372,827
Time deposits	293,635		276,528
Borrowings	79,928		60,297
Accrued interest payable	$ 507		$ 445

EARNINGS PER SHARE ("EPS") (Det

EARNINGS PER SHARE ("EPS") (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Basic earnings per common share [Abstract]
Net income available to common shareholders	$ 2,223	$ 2,186	$ 4,421	$ 4,211
Average common shares outstanding (in shares)	6,034,613	5,991,859	6,022,768	5,990,309
Basic earnings per common share (in dollars per share)	$ 0.37	$ 0.36	$ 0.73	$ 0.70
Diluted earnings per common share [Abstract]
Net income available to common shareholders	$ 2,223	$ 2,186	$ 4,421	$ 4,211
Dividend on Preferred Series B	$ 300	$ 300	$ 600	$ 600
Average common shares outstanding (in shares)	6,034,613	5,991,859	6,022,768	5,990,309
Dilutive potential common shares (in shares)	1,927,107	1,938,659	1,921,579	1,932,892
Total diluted average common shares outstanding (in shares)	7,961,720	7,930,518	7,944,347	7,923,201
Diluted earnings per common share (in dollars per share)	$ 0.32	$ 0.31	$ 0.63	$ 0.61
Dividends payable, date declared			Jun. 23, 2015
Quarterly dividend declared (in dollars per share)	$ 0.06		$ 0.06
Dividends payable, date of record			Jul. 15, 2015
Dividends payable, date to be paid			Jul. 30, 2015

Uncategorized Items - pkbk-2015

Label	Element	Value
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	$ 2,835
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	2,918
Gain (Loss) on Sale of Securities, Net	us-gaap_GainLossOnSaleOfSecuritiesNet	0
Gain (Loss) on Sale of Securities, Net	us-gaap_GainLossOnSaleOfSecuritiesNet	0
Bank Owned Life Insurance Income	us-gaap_BankOwnedLifeInsuranceIncome	89
Bank Owned Life Insurance Income	us-gaap_BankOwnedLifeInsuranceIncome	$ 90