Mon, Nov 24, 2014, 4:32 AM EST - U.S. Markets open in 4 hrs 58 mins

Recent

% | $
Quotes you view appear here for quick access.

Parke Bancorp Inc. Message Board

  • sambordulac sambordulac Apr 22, 2013 8:16 PM Flag

    1Q13

    Hi, guys,

    My predictions for 1Q13 were all wrong.

    Loan growth did not happen.

    Interest margin did hold up. That's not so bad considering national average showed downward pressure.

    The saving grace is the gradually improvement on troubled asset.

    Since the allowance for losses is so huge, at $19+ million, any slight change in the resolution of problem loans will have a huge impact on reported earnings.

    Worth noting is that credit is improving, albeit slowly.

    Pretax, pre-provision operating income was $5.1 million in 4Q12, it shrunk further to $4.6 million.
    This was largely a much reduced non-interest income. We won't know the cause until 10-Q is out. Do note that 4Q12 numbers was unusually large.

    Even $4.6 million represents an annualized 2.4% on average asset, still an outstanding number.

    Sam

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
PKBK
11.25+0.16(+1.44%)Nov 21 3:59 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.