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Parke Bancorp Inc. Message Board

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


    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.


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