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Parke Bancorp Inc. Message Board

  • sambordulac sambordulac Jan 5, 2013 12:08 PM Flag

    Jersey Shore--two months after Sandy

    The Jersey Journal

    There was only insurance money trickled in.
    Once the aid start to pour in, it'll be mad rush to get things in order before Summer.

    At PKBK, some loan payments may be suspended pending various claims and promised assistance.
    My earlier excitement over ballooned deposit was unfounded. Deposit cost matters little. We can only make money if we make loans. That could come in droves.

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    • Looks like the folks with Federal Flood insurance are going to get paid. 9.7 B in funds have been approved.

      I hope the Republicans in the House do in fact approve a better bill, and get more money for productive purposes to improve infrastructure and flood control.

      • 1 Reply to yes_free_will
      • Yes, Mr. Yes,

        There will be a lag for the money to actually be disbursed. I am hoping that is early enough for the reconstruction to complete in time for tourist season. Will be tight.

        PKBK had $10 million new inflow to OREO this year. Albeit at an undesirable pace, looks like repo continued. With tight dwelling supply it can either rent out or sell.

        Delinquencies would be what I'd watch closely.

        As to politics, it's always a give and take, disaster or no.


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