LALC_Capital
Update on our Oct 12 pick $PKBK Parke Bancorp: Q3 net income 12.2M, up 14.5% from a year ago. Net interest income rose 14.2% to 23.0M, slower than the 30.9% H1 growth we wrote about. Nonperforming loans were 5.8M (0.28% of loans) against 5.4M in June, and foreclosed property rose to 7.2M from 2.8M in December. How much of that is a single property?
Release: https://www.sec.gov/Archives/edgar/data/1315399/000143774926033062/ex_1008122.htm
