Parke Bank

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2006 was another record year of growth and profit for Parke Bancorp. The year was pivotal in many ways including the opening of our first full service branch in Philadelphia. There also were many new hurdles that faced the banking industry; such as continued Federal Reserve increases in interest rates, the continued compression of the net interest margin and the dramatic decline of the real estate market. The commitment of our Board of Directors, management team and employees was evident in facing these challenges by continuing to focus on our business plan. This dedication resulted in over a 32% increase in net income to $4.6 million, or $1.40 per share, and asset growth of 21% to $360 million. Parke Bancorp’s return on assets and return on equity grew to 1.41% and 15.68% respectively for the full year ended December 31, 2006. The continued strong growth of our bank provided the opportunity to enhance shareholder value by issuing a $.20 per share cash dividend in 2006.

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