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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: March 31, 2026

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission File No. 000-51338

PARKE BANCORP, INC.

(Exact name of registrant as specified in its charter)

New Jersey	65-1241959
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

601 Delsea Drive, Washington Township, New Jersey	08080
(Address of principal executive offices)	(Zip Code)

856-256-2500

(Registrant's telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbols	Name of Each Exchange on Which Registered
Common Stock, par value $0.10 per share	PKBK	The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer”, “accelerated filer", “smaller reporting company” and “emerging growth company in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☒ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

As of May 4, 2026, there were 11,730,950 shares of the registrant's common stock ($0.10 par value) outstanding.

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INDEX

		Page
Part I	FINANCIAL INFORMATION

Item 1.	Financial Statements	1
	Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (unaudited)	1
	Consolidated Statements of Income for the three months ended March 31, 2026 and 2025 (unaudited)	2
	Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 2025 (unaudited)	3
	Consolidated Statements of Equity for the three months ended March 31, 2026 and 2025 (unaudited)	4
	Consolidated Statements of Cash Flow for the three months ended March 31, 2026 and 2025 (unaudited)	6
	Notes to Consolidated Financial Statements (unaudited)	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	23
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	32
Item 4.	Controls and Procedures	32

Part II	OTHER INFORMATION

Item 1.	Legal Proceedings	32
Item 1A.	Risk Factors	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	33
Item 3.	Defaults Upon Senior Securities	33
Item 4.	Mine Safety Disclosures	33
Item 5.	Other Information	33
Item 6.	Exhibits	34

SIGNATURES		35

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

Parke Bancorp, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(unaudited)

(Dollars in thousands except per share data)

	*March 31,*			*December 31,*
	*2026*			*2025*
Assets
Cash and due from banks	$	6,879		$	7,738
Interest bearing deposits with banks		103,995			149,125
Cash and cash equivalents		110,874			156,863
Investment securities available for sale, at fair value		4,366			4,746
Investment securities held to maturity, net of allowance for credit losses of $0 at March 31, 2026 and December 31, 2025 (fair value of $7,362 at March 31, 2026 and $7,487 at December 31, 2025)		8,760			8,777
Total investment securities		13,126			13,523
Loans, net of unearned income		2,043,296			2,035,227
Less: Allowance for credit losses		(34,921	)		(34,649	)
Net loans		2,008,375			2,000,578
Accrued interest receivable		11,504			11,257
Premises and equipment, net		5,462			5,506
Restricted stock		8,566			8,085
Bank owned life insurance (BOLI)		35,541			35,320
Deferred tax asset		10,720			10,719
Other real estate owned (OREO)		2,862			2,862
Other		5,905			4,723
Total assets	$	2,212,935		$	2,249,436
Liabilities and Shareholders' Equity
Liabilities
Deposits
Noninterest-bearing deposits	$	164,105		$	196,506
Interest-bearing deposits		1,534,639			1,562,163
Total deposits		1,698,744			1,758,669
FHLBNY borrowings		140,000			130,000
Subordinated debentures		13,403			13,403
Accrued interest payable		4,650			4,575
Other		20,575			18,271
Total liabilities		1,877,372			1,924,918
Shareholders' Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B non-cumulative convertible; 325 shares outstanding at March 31, 2026 and December 31, 2025		325			325
Common stock, $0.10 par value; authorized 15,000,000 shares; Issued: 12,515,472 shares and 12,425,768 shares at March 31, 2026 and December 31, 2025, respectively		1,252			1,243
Additional paid-in capital		140,587			139,268
Retained earnings		207,391			197,671
Accumulated other comprehensive loss		(203	)		(200	)
Treasury stock, 784,522 shares at March 31, 2026 and December 31, 2025, at cost		(13,789	)		(13,789	)
Total shareholders’ equity		335,563			324,518
Total liabilities and shareholders' equity	$	2,212,935		$	2,249,436

See accompanying notes to the unaudited consolidated financial statements

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Parke Bancorp Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

(unaudited)

(Dollars in thousands except per share data)

	For the Three Months Ended
	March 31,
	2026			2025
Interest income:
Interest and fees on loans	$	35,891		$	31,476
Interest and dividends on investments		222			288
Interest on deposits with banks		827			2,082
Total interest income		36,940			33,846
Interest expense:
Interest on deposits		13,428			15,169
Interest on borrowings		1,380			2,070
Total interest expense		14,808			17,239
Net interest income		22,132			16,607
Provision for credit losses		202			590
Net interest income after provision for credit losses		21,930			16,017
Non-interest income
Service fees on deposit accounts		289			308
Other loan fees		161			178
Bank owned life insurance income		220			165
Other		183			170
Total non-interest income		853			821
Non-interest expense
Compensation and benefits		3,704			3,291
Professional services		598			714
Occupancy and equipment		761			687
Data processing		317			421
FDIC insurance and other assessments		373			350
OREO expense		80			127
Other operating expense		1,381			948
Total non-interest expense		7,214			6,538
Income before income tax expense		15,569			10,300
Income tax expense		3,725			2,522
Net income attributable to Company		11,844			7,778
Less: Preferred stock dividend		(5	)		(5	)
Net income available to common shareholders	$	11,839		$	7,773
Earnings per common share
Basic	$	1.01		$	0.66
Diluted	$	0.99		$	0.65
Weighted average common shares outstanding
Basic		11,706,574			11,836,384
Diluted		11,903,776			12,006,965

See accompanying notes to the unaudited consolidated financial statements

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Parke Bancorp Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited)

(Dollars in thousands)

	For the Three Months Ended
	March 31,
	2026			2025
Net income attributable to the Company	$	11,844		$	7,778
Unrealized (loss) gain on investment securities		(4	)		70
Tax impact on unrealized loss (gain)		1			(18	)
Total unrealized (loss) gain on investment securities		(3	)		52
Comprehensive income attributable to the Company	$	11,841		$	7,830

See accompanying notes to the unaudited consolidated financial statements

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Parke Bancorp, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF EQUITY

(unaudited)

(Dollars in thousands except share data)

Three months ended March 31, 2026

														Accumulated
	Shares of				Shares of				Additional					Other						Total
	Preferred Stock		Preferred		Common Stock		Common		Paid-In		Retained			Comprehensive			Treasury			Shareholders'
	Outstanding		Stock		issued		Stock		Capital		Earnings			Income (Loss)			Stock			Equity
Three Months Ended
Balance, December 31, 2025		325	$	325		12,425,768	$	1,243	$	139,268	$	197,671		$	(200	)	$	(13,789	)	$	324,518
Net income attributable to the company		—		—		—		—		—		11,844			—			—			11,844
Common stock options exercised		—		—		89,704		9		1,241		—			—			—			1,250
Other comprehensive loss		—		—		—		—		—		—			(3	)		—			(3	)
Stock compensation expense		—		—		—		—		78		—			—			—			78
Dividend on preferred stock ($15.00 per share)		—		—		—		—		—		(5	)		—			—			(5	)
Dividend on common stock ($0.18 per share)		—		—		—		—		—		(2,119	)		—			—			(2,119	)
Balance, March 31, 2026		325	$	325		12,515,472	$	1,252	$	140,587	$	207,391		$	(203	)	$	(13,789	)	$	335,563

See accompanying notes to the unaudited consolidated financial statements

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Parke Bancorp, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF EQUITY

(unaudited)

(Dollars in thousands except share data)

Three months ended March 31, 2025

														Accumulated
	Shares of				Shares of				Additional					Other						Total
	Preferred Stock		Preferred		Common Stock		Common		Paid-In		Retained			Comprehensive			Treasury			Shareholders'
	Outstanding		Stock		issued		Stock		Capital		Earnings			Income (Loss)			Stock			Equity
Three Months Ended
Balance, December 31, 2024		325	$	325		12,313,489	$	1,231	$	137,784	$	168,347		$	(337	)	$	(7,277	)	$	300,073
Net income attributable to the company		—		—		—		—		—		7,778			—			—			7,778
Common stock options exercised		—		—		14,361		2		97		—			—			—			99
Other comprehensive income		—		—		—		—		—		—			52			—			52
Stock compensation expense		—		—		—		—		70		—			—			—			70
Dividend on preferred stock ($15.00 per share)		—		—		—		—		—		(5	)		—			—			(5	)
Dividend on common stock ($0.18 per share)		—		—		—		—		—		(2,125	)		—			—			(2,125	)
Balance, March 31, 2025		325	$	325		12,327,850	$	1,233	$	137,951	$	173,995		$	(285	)	$	(7,277	)	$	305,942

See accompanying notes to the unaudited consolidated financial statements

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Parke Bancorp Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(Dollars in thousands)

	For the Three Months Ended
	March 31,
	2026			2025
Cash Flows from Operating Activities:
Net income	$	11,844		$	7,778
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		113			148
Provision for credit losses		202			590
Increase in value of bank owned life insurance		(221	)		(165	)
Net accretion of purchase premiums and discounts on securities		(14	)		(10	)
Stock based compensation		78			70
Net changes in:
(Increase) decrease in accrued interest receivable and other assets		(1,429	)		590
Increase (decrease) in accrued interest payable and other accrued liabilities		2,446			(2,002	)
Net cash provided by operating activities		13,019			6,999
Cash Flows from Investing Activities:
Repayments and maturities of investment securities available for sale		372			380
Repayments and maturities of investment securities held to maturity		35			120
Net increase in loans		(8,066	)		(15,021	)
Purchases of bank premises and equipment		(69	)		(381	)
Redemptions of restricted stock		1,575			3,387
Purchases of restricted stock		(2,056	)		(1,575	)
Net cash used in investing activities		(8,209	)		(13,090	)
Cash Flows from Financing Activities:
Cash dividends		(2,124	)		(2,130	)
Proceeds from exercise of stock options		1,250			99
Net increase (decrease) in FHLBNY term borrowings		10,000			(40,000	)
Net (decrease) increase in noninterest-bearing deposits		(32,401	)		1,311
Net (decrease) increase in interest-bearing deposits		(27,524	)		34,320
Net cash used in financing activities		(50,799	)		(6,400	)
Net decrease in cash and cash equivalents		(45,989	)		(12,491	)
Cash and Cash Equivalents, January 1,		156,863			221,527
Cash and Cash Equivalents, March 31,	$	110,874		$	209,036

Supplemental Disclosure of Cash Flow Information:
Interest paid	$	14,733		$	18,237
Income taxes paid	$	732		$	210

Non-cash Investing and Financing Items
Accrued dividends payable	$	2,116		$	2,137

See accompanying notes to the unaudited consolidated financial statements

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Notes to Consolidated Financial Statements (Unaudited)

NOTE 1. ORGANIZATION

Parke Bancorp, Inc. (the “Company, we, us, our”) is a bank holding company headquartered in Sewell, New Jersey. Through subsidiaries, the Company provides individuals, corporations and other businesses and institutions with commercial and retail banking services, principally loans and deposits. The Company was incorporated in January 2005 under the laws of the State of New Jersey for the sole purpose of becoming the holding company of Parke Bank (the "Bank").

The Bank is a commercial bank, which was incorporated on August 25, 1998, and commenced operations on January 28, 1999. The Bank is chartered by the New Jersey Department of Banking and Insurance and its deposits are insured by the Federal Deposit Insurance Corporation. The Bank maintains its principal office at 601 Delsea Drive, Sewell, New Jersey, and has six additional branch office locations; 501 Tilton Road, Northfield, New Jersey, 567 Egg Harbor Road, Washington Township, New Jersey, 67 East Jimmie Leeds Road, Galloway Township, New Jersey, 1150 Haddon Avenue, Collingswood, New Jersey, 1610 Spruce Street, Philadelphia, Pennsylvania, and 1032 Arch Street, Philadelphia, Pennsylvania. The Bank also has a loan office located at 1817 East Venango Street, Philadelphia, Pennsylvania.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Financial Statement Presentation: We prepared our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Parke Bank (including certain partnership interests). Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated as they do not meet the requirements for consolidation under applicable accounting guidance. We have eliminated inter-company balances and transactions. We have also reclassified certain prior year amounts to conform to the current year presentation, which did not have a material impact on our consolidated financial condition or results of operations.

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, 2025. The accompanying interim financial statements for the three months ended March 31, 2026 and 2025 are unaudited. The balance sheet as of December 31, 2025, 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 months ended March 31, 2026 are not necessarily indicative of the results for the full year or any other period.

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 credit losses, the valuation of deferred income taxes, and the carrying value of other real estate owned ("OREO").

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Segment Reporting: The Company operates one reportable segment of business, "community banking". Through its community banking segment, the Company provides a broad range of retail and community banking services. The accounting policies of the community banking segment are the same as those described in the summary of significant accounting policies.

The Company's chief operating decision maker ("CODM") is the President, Chief Executive Officer and Director, who decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income.

The measure of segment assets is reported on the balance sheet as total consolidated assets.

The following table presents segment profit and significant expenses.

Community Banking Segment
(Dollars in thousands)

	*For the Three Months Ended March 31,*
	*2026*		*2025*
Total interest income	$	36,940	$	33,846
Total interest expense		14,808		17,239
Provision for credit losses		202		590
Net interest income after provision for credit losses		21,930		16,017

Total non-interest income		853		821
Total non-interest expense		7,214		6,538
Income before income tax expense		15,569		10,300
Income tax expense		3,725		2,522
Net income attributable to the Company	$	11,844	$	7,778
Reconciliation of profit or loss
Adjustments and reconciling items		—		—
Consolidated net income	$	11,844	$	7,778

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NOTE 3. INVESTMENT SECURITIES

The following is a summary of the Company's investments in available for sale and held to maturity securities as of March 31, 2026 and December 31, 2025. None of the securities shown below required an allowance for credit losses.

			Gross		Gross
	Amortized		unrealized		unrealized
As of March 31, 2026	cost		gains		losses		Fair value
	(Dollars in thousands)
Available for sale:
Residential mortgage-backed securities	$	4,139	$	8	$	286	$	3,861
Corporate debt obligations		500		5		—		505
Total available for sale	$	4,639	$	13	$	286	$	4,366

Held to maturity:
Residential mortgage-backed securities	$	4,719	$	—	$	974	$	3,745
States and political subdivisions		4,041		—		424		3,617
Total held to maturity	$	8,760	$	—	$	1,398	$	7,362

			Gross		Gross
	Amortized		unrealized		unrealized
As of December 31, 2025	cost		gains		losses		Fair value
	(Dollars in thousands)
Available for sale:
Residential mortgage-backed securities	$	4,515	$	10	$	279	$	4,246
Corporate debt obligations		500		—		—		500
Total available for sale	$	5,015	$	10	$	279	$	4,746

Held to maturity:
Residential mortgage-backed securities	$	4,753	$	—	$	945	$	3,808
States and political subdivisions		4,024		—		345		3,679
Total held to maturity	$	8,777	$	—	$	1,290	$	7,487

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The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of March 31, 2026 are as follows:

	Amortized		Fair
	Cost		Value
	(Dollars in thousands)
Available for sale:
Due within one year	$	21	$	18
Due after one year through five years		1,445		1,353
Due after five years through ten years		1,307		1,250
Due after ten years		1,866		1,745
Total available for sale	$	4,639	$	4,366

Held to maturity:
Due within one year	$	1,571	$	1,556
Due after one year through five years		—		—
Due after five years through ten years		2,470		2,061
Due after ten years		4,719		3,745
Total held to maturity	$	8,760	$	7,362

Expected maturities may differ from contractual maturities because the issuers of certain debt securities do have the right to call or prepay their obligations without any penalty.

The Company did not sell any securities during the three months ended March 31, 2026 and 2025. The following tables show the gross unrealized losses and fair value of the Company's available for sale investments for which an allowance for credit losses has not been recorded, which are aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2026 and December 31, 2025:

As of March 31, 2026	Less Than 12 Months				12 Months or Greater				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
	(Dollars in thousand)
Available for sale:
Residential mortgage-backed securities	$	5	$	—	$	3,519	$	286	$	3,524	$	286
Total available for sale	$	5	$	—	$	3,519	$	286	$	3,524	$	286

As of December 31, 2025	Less Than 12 Months				12 Months or Greater				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
	(Dollars in thousands)
Available for sale:
Residential mortgage-backed securities	$	46	$	—	$	3,816	$	279	$	3,862	$	279
Total available for sale	$	46	$	—	$	3,816	$	279	$	3,862	$	279

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On at least a quarterly basis, we review all debt securities that are in an unrealized loss position for a credit loss. An investment security is deemed impaired if the fair value of the investment is less than its amortized cost. Amortized cost includes adjustments (if any) made to the cost basis of an investment for accretion, amortization, and previous other-than-temporary impairments. For individual debt securities classified as available for sale, we determine whether a decline in fair value below the amortized cost has resulted from a credit loss or other factors. If the decline in fair value is due to credit, we will record the portion of the impairment loss relating to credit through an allowance for credit losses. Impairment that has not been recorded through an allowance for credit losses is recorded through other comprehensive income, net of applicable taxes.

The Company’s unrealized loss for the debt securities classified as available for sale is comprised of 2 securities in the less than 12 months loss position and 12 securities in the 12 months or greater loss position at March 31, 2026. These securities are mortgage-backed securities that had unrealized losses issued or guaranteed by the US government or US government sponsored entities. The unrealized losses associated with those mortgage-backed securities are generally driven by changes in interest rates and are not due to credit losses given the explicit or implicit guarantees provided by the U.S. government.

The Company classifies the held-to-maturity debt securities into the following major security types: residential mortgage backed, and state and political subdivisions. These securities are highly rated with a history of no credit losses, and are assigned ratings based on the most recent data from ratings agencies depending on the availability of data for the security. Credit ratings of held-to-maturity debt securities, which are a significant input in calculating the expected credit loss, are reviewed on a quarterly basis. Based on the credit ratings of our held-to-maturity securities and our historical experience including no losses, we have determined that an allowance for credit loss on the held-to-maturity portfolio is not required. Because the Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell these investments before recovery of their amortized cost basis, the Company does not consider the unrealized loss in these securities to be credit losses at March 31, 2026.

NOTE 4. LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS

At March 31, 2026 and December 31, 2025, the Company had $2.04 billion and $2.04 billion, respectively, in loans receivable outstanding. Outstanding balances include $0.05 million and $0.03 million at March 31, 2026 and December 31, 2025, respectively, for net deferred loan costs, and unamortized discounts.

The portfolio segments of loans receivable at March 31, 2026 and December 31, 2025, consist of the following:

	March 31, 2026			December 31, 2025
	(Dollars in thousands)
Commercial and Industrial	$	39,817		$	38,672
Construction		217,805			212,307
Real Estate Mortgage:
Commercial – Owner Occupied		184,691			182,529
Commercial – Non-owner Occupied		476,983			478,295
Residential – 1 to 4 Family		430,464			451,463
Residential – 1 to 4 Family Investment		479,098			494,228
Residential – Multifamily		210,577			173,611
Consumer		3,861			4,122
Total Loan receivable		2,043,296			2,035,227
Allowance for credit losses on loans		(34,921	)		(34,649	)
Total loan receivable, net of allowance for credit losses on loans	$	2,008,375		$	2,000,578

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An age analysis of past due loans by class at March 31, 2026 and December 31, 2025 is as follows:

	30-59		60-89		Greater
	Days Past		Days Past		than 90		Total				Total
March 31, 2026	Due		Due		Days		Past Due		Current		Loans
	(Dollars in Thousands)
Commercial and Industrial	$	—	$	—	$	680	$	680	$	39,137	$	39,817
Construction		—		—		1,091		1,091		216,714		217,805
Real Estate Mortgage:
Commercial – Owner Occupied		—		—		400		400		184,291		184,691
Commercial – Non-owner Occupied		—		—		3,163		3,163		473,820		476,983
Residential – 1 to 4 Family		1,989		242		2,494		4,725		425,739		430,464
Residential – 1 to 4 Family Investment		1,507		118		1,437		3,062		476,036		479,098
Residential – Multifamily		—		—		—		—		210,577		210,577
Consumer		24		—		141		165		3,696		3,861
Total Loans	$	3,520	$	360	$	9,406	$	13,286	$	2,030,010	$	2,043,296

	30-59		60-89		Greater
	Days Past		Days Past		than 90		Total				Total
December 31, 2025	Due		Due		Days		Past Due		Current		Loans
	(Dollars in thousands)
Commercial and Industrial	$	—	$	—	$	688	$	688	$	37,984	$	38,672
Construction		—		—		1,091		1,091		211,216		212,307
Real Estate Mortgage:
Commercial – Owner Occupied		—		—		400		400		182,129		182,529
Commercial – Non-owner Occupied		—		1,122		3,668		4,790		473,505		478,295
Residential – 1 to 4 Family		—		1,434		2,965		4,399		447,064		451,463
Residential – 1 to 4 Family Investment		—		896		1,840		2,736		491,492		494,228
Residential – Multifamily		—		—		—		—		173,611		173,611
Consumer		—		32		141		173		3,949		4,122
Total Loans	$	—	$	3,484	$	10,793	$	14,277	$	2,020,950	$	2,035,227

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The following table provides the amortized cost of loans on nonaccrual status:

	March 31, 2026
							Loans Past Due
	Nonaccrual		Nonaccrual		Total		Over 90 Days		Total
(amounts in thousands)	with no ACL		with ACL		Nonaccrual		Still Accruing		Nonperforming
Commercial and Industrial	$	—	$	680	$	680	$	—	$	680
Construction		1,091		—		1,091		—		1,091
Commercial - Owner Occupied		400		—		400		—		400
Commercial - Non-owner Occupied		243		2,920		3,163		—		3,163
Residential - 1 to 4 Family		2,296		198		2,494		—		2,494
Residential - 1 to 4 Family Investment		1,437		—		1,437		—		1,437
Residential - Multifamily		—		—		—		—		—
Consumer		141		—		141		—		141
Total	$	5,608	$	3,798	$	9,406	$	—	$	9,406

	December 31, 2025
							Loans Past Due
	Nonaccrual		Nonaccrual		Total		Over 90 Days		Total
(amounts in thousands)	with no ACL		with ACL		Nonaccrual		Still Accruing		Nonperforming
Commercial and Industrial	$	—	$	688	$	688	$	—	$	688
Construction		1,091		—		1,091		—		1,091
Commercial - Owner Occupied		400		—		400		—		400
Commercial - Non-owner Occupied		1,109		2,559		3,668		—		3,668
Residential - 1 to 4 Family		2,965		—		2,965		—		2,965
Residential - 1 to 4 Family Investment		1,840		—		1,840		—		1,840
Residential - Multifamily		—		—		—		—		—
Consumer		141		—		141		—		141
Total	$	7,546	$	3,247	$	10,793	$	—	$	10,793

Allowance for Credit Losses on Off-Balance Sheet Credit Exposures

The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is recorded in other liabilities and is adjusted through the provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. At March 31, 2026 and December 31, 2025, the allowance for credit losses on off-balance sheet credit exposures was $762.3 thousand and $829.1 thousand, respectively, on exposures totaling $198.0 million and $189.8 million, respectively. During the three months ended March 31, 2026 and 2025 , we recorded a recovery for credit losses of $66.8 thousand, and a provision for credit losses on off balance sheet exposures of $73.3 thousand, respectively.

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Allowance for Credit Losses (ACL)

The following tables present the information regarding the allowance for credit losses for the three months ended March 31, 2026 and 2025:

						Real Estate Mortgage
						Commercial			Commercial						Residential
	Commercial					Owner			Non-owner			Residential			1 to 4 Family		Residential
	and Industrial		Construction			Occupied			Occupied			1 to 4 Family			Investment		Multifamily		Consumer			Total
	(Dollars in thousands)
Three months ended March 31, 2026
December 31, 2025	$	1,008	$	4,032		$	2,239		$	9,661		$	8,205		$	7,601	$	1,845	$	58		$	34,649
Charge-offs		—		—			—			—			—			—		—		—			—
Recoveries		2		—			—			—			—			—		—		—			2
Provisions (benefits)		21		(137	)		(25	)		(436	)		(274	)		526		596		(2	)		269
Ending Balance at March 31, 2026	$	1,032	$	3,895		$	2,214		$	9,225		$	7,931		$	8,127	$	2,441	$	56		$	34,921

For the three months ended March 31, 2026, the increase to the Residential 1 to 4 Family Investment segment was due to an increase in the qualitative factors related to an increase in problem loans that are 30 - 89 days delinquent. The increase in the Residential Multifamily segment was due to an increase in the portfolio balance that increased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segment. The provision benefit during the three months ended March 31, 2026 to the Commercial Non-owner Occupied segment is due to a decrease in the problem loans balance that decreased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments.

							Real Estate Mortgage
							Commercial		Commercial					Residential
	Commercial						Owner		Non-owner		Residential			1 to 4 Family		Residential
	and Industrial			Construction			Occupied		Occupied		1 to 4 Family			Investment		Multifamily			Consumer			Total
	(Dollars in thousands)
Three months ended March 31, 2025
December 31, 2024	$	1,097		$	3,037		$	1,871	$	6,300	$	9,166		$	8,832	$	2,203		$	67		$	32,573
Charge-offs		—			—			—		—		—			—		—			—			—
Recoveries		1			—			—		—		—			—		—			—			1
Provisions (benefits)		(50	)		(762	)		599		1,061		(352	)		23		(1	)		(1	)		517
Ending Balance at March 31, 2025	$	1,048		$	2,275		$	2,470	$	7,361	$	8,814		$	8,855	$	2,202		$	66		$	33,091

For the three months ended March 31, 2025, the increase to the Commercial Owner Occupied, and the Commercial Non-owner Occupied portfolio's was due to an increase in the portfolio balances that increased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments. The provision benefit during the quarter to the Construction segment is due to a decrease in the portfolio balance that decreased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments.

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Collateral-Dependent Loans

The following table presents the collateral-dependent loans by portfolio segment and collateral type at March 31, 2026:

			Business
(amounts in thousands)	Real Estate		Assets		Other
Commercial and Industrial	$	680	$	—	$	—
Construction		1,091		—		—
Commercial - Owner Occupied		400		—		—
Commercial - Non-owner Occupied		3,163		—		—
Residential - 1 to 4 Family		2,494		—		—
Residential - 1 to 4 Family Investment		1,437		—		—
Residential - Multifamily		—		—		—
Consumer		141		—		—
Total	$	9,406	$	—	$	—

The following table presents the collateral-dependent loans by portfolio segment and collateral type at December 31, 2025:

			Business
(amounts in thousands)	Real Estate		Assets		Other
Commercial and Industrial	$	688	$	—	$	—
Construction		1,091		—		—
Commercial - Owner Occupied		400		—		—
Commercial - Non-owner Occupied		3,668		—		—
Residential - 1 to 4 Family		2,965		—		—
Residential - 1 to 4 Family Investment		1,840		—		—
Residential - Multifamily		—		—		—
Consumer		141		—		—
Total	$	10,793	$	—	$	—

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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:

Good: Borrower exhibits the strongest overall financial condition and represents the most creditworthy profile.

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.

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.

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.

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 individually evaluated. The asset does not currently warrant adverse classification but if not corrected could weaken and could create future increased risk exposure. Includes loans that require an increased degree of monitoring or servicing as a result of internal or external changes.

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.

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.

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The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses, as of March 31, 2026.

													*Revolving*
													*Loans at*
(Dollars in thousands)	*Term Loans Amortized Cost Basis by Origination Year*												*Amortized*
As of March 31, 2026	*2026*		*2025*		*2024*		*2023*		*2022*		*Prior*		*Cost Basis*		*Total*
Commercial and Industrial
Pass	$	226	$	4,929	$	751	$	3,109	$	299	$	5,242	$	24,581	$	39,137
OAEM		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		403		—		277		680
Doubtful		—		—		—		—		—		—		—		—
	$	226	$	4,929	$	751	$	3,109	$	702	$	5,242	$	24,858	$	39,817
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction
Pass	$	—	$	1,002	$	324	$	305	$	988	$	194	$	213,901	$	216,714
OAEM		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		1,091		—		1,091
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	1,002	$	324	$	305	$	988	$	1,285	$	213,901	$	217,805
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial – Owner Occupied
Pass	$	6,655	$	33,535	$	23,157	$	29,220	$	33,828	$	55,657	$	2,239	$	184,291
OAEM		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		400		—		400
Doubtful		—		—		—		—		—		—		—		—
	$	6,655	$	33,535	$	23,157	$	29,220	$	33,828	$	56,057	$	2,239	$	184,691
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial – Non-owner Occupied
Pass	$	6,889	$	108,733	$	50,344	$	13,113	$	102,107	$	174,973	$	4,302	$	460,461
OAEM		—		—		—		—		—		2,159		—		2,159
Substandard		—		—		—		—		361		14,002		—		14,363
Doubtful		—		—		—		—		—		—		—		—
	$	6,889	$	108,733	$	50,344	$	13,113	$	102,468	$	191,134	$	4,302	$	476,983
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential – 1 to 4 Family
Performing	$	10,225	$	41,700	$	42,313	$	45,814	$	93,114	$	189,267	$	5,537	$	427,970
Nonperforming		—		—		—		786		731		977		—		2,494
	$	10,225	$	41,700	$	42,313	$	46,600	$	93,845	$	190,244	$	5,537	$	430,464
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential – 1 to 4 Family Investment
Performing	$	4,422	$	37,623	$	51,216	$	67,270	$	110,450	$	206,680	$	—	$	477,661
Nonperforming		—		—		—		1,108		—		329		—		1,437
	$	4,422	$	37,623	$	51,216	$	68,378	$	110,450	$	207,009	$	—	$	479,098
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential – Multifamily
Pass	$	14,804	$	42,698	$	13,913	$	4,786	$	71,389	$	62,987	$	—	$	210,577
OAEM		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	14,804	$	42,698	$	13,913	$	4,786	$	71,389	$	62,987	$	—	$	210,577
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer
Performing	$	—	$	—	$	221	$	—	$	—	$	3,490	$	9	$	3,720
Nonperforming		—		—		—		—		—		141		—		141
	$	—	$	—	$	221	$	—	$	—	$	3,631	$	9	$	3,861
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Loan Receivable	$	43,221	$	270,220	$	182,239	$	165,511	$	413,670	$	717,589	$	250,846	$	2,043,296

As of March 31, 2026, the Company was in the process of foreclosing on 21 residential 1 to 4 family loans with a principal balance of $5.2 million.

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The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses, as of December 31, 2025.

													*Revolving*
													*Loans at*
(Dollars in thousands)	*Term Loans Amortized Cost Basis by Origination Year*												*Amortized*
As of December 31, 2025	*2025*		*2024*		*2023*		*2022*		*2021*		*Prior*		*Cost Basis*		*Total*
Commercial and Industrial
Pass	$	4,990	$	879	$	3,313	$	305	$	2	$	5,778	$	22,717	$	37,984
OAEM		—		—		—		—		—		—		—		—
Substandard		—		—		—		411		—		—		277		688
Doubtful		—		—		—		—		—		—		—		—
	$	4,990	$	879	$	3,313	$	716	$	2	$	5,778	$	22,994	$	38,672
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction
Pass	$	1,001	$	325	$	307	$	1,396	$	—	$	193	$	207,994	$	211,216
OAEM		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		1,091		—		1,091
Doubtful		—		—		—		—		—		—		—		—
	$	1,001	$	325	$	307	$	1,396	$	—	$	1,284	$	207,994	$	212,307
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial – Owner Occupied
Pass	$	32,560	$	23,259	$	32,471	$	34,016	$	11,545	$	46,025	$	2,253	$	182,129
OAEM		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		400		—		400
Doubtful		—		—		—		—		—		—		—		—
	$	32,560	$	23,259	$	32,471	$	34,016	$	11,545	$	46,425	$	2,253	$	182,529
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial – Non-owner Occupied
Pass	$	109,092	$	50,669	$	14,659	$	102,688	$	29,279	$	150,007	$	4,794	$	461,188
OAEM		—		—		—		—		—		2,176		—		2,176
Substandard		—		—		—		370		—		14,561		—		14,931
Doubtful		—		—		—		—		—		—		—		—
	$	109,092	$	50,669	$	14,659	$	103,058	$	29,279	$	166,744	$	4,794	$	478,295
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	202	$	—	$	202

Residential – 1 to 4 Family
Performing	$	59,089	$	43,287	$	47,018	$	95,574	$	49,503	$	148,408	$	5,619	$	448,498
Nonperforming		—		—		841		733		—		1,391		—		2,965
	$	59,089	$	43,287	$	47,859	$	96,307	$	49,503	$	149,799	$	5,619	$	451,463
Current period gross charge-offs	$	—	$	—	$	47	$	—	$	—	$	203	$	—	$	250

Residential – 1 to 4 Family Investment
Performing	$	39,340	$	52,575	$	70,258	$	114,208	$	90,734	$	125,273	$	—	$	492,388
Nonperforming		—		—		985		525		—		330		—		1,840
	$	39,340	$	52,575	$	71,243	$	114,733	$	90,734	$	125,603	$	—	$	494,228
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential – Multifamily
Pass	$	27,456	$	13,952	$	4,812	$	63,789	$	31,067	$	32,535	$	—	$	173,611
OAEM		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	27,456	$	13,952	$	4,812	$	63,789	$	31,067	$	32,535	$	—	$	173,611
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer
Performing	$	—	$	226	$	—	$	—	$	—	$	3,746	$	9	$	3,981
Nonperforming		—		—		—		—		—		141		—		141
	$	—	$	226	$	—	$	—	$	—	$	3,887	$	9	$	4,122
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Loan Receivable	$	273,528	$	185,172	$	174,664	$	414,015	$	212,130	$	532,055	$	243,663	$	2,035,227

Modifications to Borrowers Experiencing Financial Difficulty

During the periods ended March 31, 2026 and 2025, the Company did not make any modifications to borrowers experiencing financial difficulty.

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NOTE 5. EARNINGS PER SHARE (“EPS”)

The following tables set forth the calculation of basic and diluted EPS for the three months ended March 31, 2026 and 2025.

	Three months ended March 31,
	2026			2025
	(Dollars in thousands except share and per share data)
Basic earnings per common share
Net income available to the Company	$	11,844		$	7,778
Less: Dividend on series B preferred stock		(5	)		(5	)
Net income available to common shareholders		11,839			7,773
Basic weighted-average common shares outstanding		11,706,574			11,836,384
Basic earnings per common share	$	1.01		$	0.66
Diluted earnings per common share
Net income available to common shares	$	11,839		$	7,773
Add: Dividend on series B preferred stock		5			5
Net income available to diluted common shares		11,844			7,778
Basic weighted-average common shares outstanding		11,706,574			11,836,384
Dilutive potential common shares		197,202			170,581
Diluted weighted-average common shares outstanding		11,903,776			12,006,965
Diluted earnings per common share	$	0.99		$	0.65

During the three months ended March 31, 2026 and 2025, respectively, there were zero and 174,125 weighted average option shares outstanding, respectively, that were not included in the computation of diluted EPS because these shares were anti-dilutive.

NOTE 6. 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. 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.

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Fair Value on a Recurring Basis:

The following is a description of the Company’s valuation methodologies for assets carried at fair value on a recurring basis. 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.

Investments in Available for Sale Securities:

Where quoted prices are available in an active market, securities or other assets are classified in Level 1 of the valuation hierarchy. If quoted market prices are not available for the specific security or available for sale loans, then fair values are provided by independent third-party valuation services. These valuation 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 are mortgage-backed securities.

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
	(Dollars in thousands)
Available for Sale Securities
As of March 31, 2026
Corporate debt obligations	$	—	$	505	$	—	$	505
Residential mortgage-backed securities		—		3,861		—		3,861
Total	$	—	$	4,366	$	—	$	4,366
As of December 31, 2025
Corporate debt obligations	$	—	$	500	$	—	$	500
Residential mortgage-backed securities		—		4,246		—		4,246
Total	$	—	$	4,746	$	—	$	4,746

For the three months ended March 31, 2026, there were no transfers between the levels within the fair value hierarchy. There were no level 3 assets or liabilities held during the three months ended March 31, 2026 and 2025.

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
	(Dollars in thousands)
As of March 31, 2026
Collateral-dependent loans	$	—	$	—	$	3,087	$	3,087
OREO		—		—		2,862		2,862
As of December 31, 2025
Collateral-dependent loans	$	—	$	—	$	2,672	$	2,672
OREO		—		—		2,862		2,862

Collateral-dependent loans are those loans that are accounted for under ASC 326, Financial Instruments - Credit Losses ("ASC 326"), in which the Bank has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties that collateralize the loans. If the loan balance exceeds the fair value of the collateral, a specific reserve is applied and these assets are generally classified as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements.

OREO consists of real estate properties that are recorded at fair value based upon current appraised value, or agreements of sale, less estimated disposition costs using level 3 inputs. Properties are reappraised annually.

Table of Contents

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.

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, accrued interest receivable, bank owned life insurance, Federal Home Loan Bank of New York ("FHLBNY") restricted stock, demand and other non-maturity deposits and accrued interest payable, and they are considered to be level 1 measurements.

The following table summarizes the carrying amounts and fair values for financial instruments that are not carried at fair value at March 31, 2026 and December 31, 2025:

Carrying

Fair Value

March 31, 2026

Amount

Total

Level 1

Level 2

Level 3

PARKE BANCORP, INC. 10-Q