Parke Bancorp PKBK Foreclosed Assets
Foreclosed Assets at other companies
Other financials
Where this comes from
Reported directly by Parke Bancorp in its filing.
Tagged under the XBRL concept us-gaap:OtherRealEstate.
The official record: Parke Bancorp’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Parke Bancorp's foreclosed assets?
- Parke Bancorp (PKBK) reported foreclosed assets of $2.86M in Q1 2026.
- How has Parke Bancorp's foreclosed assets changed year-over-year?
- Parke Bancorp's foreclosed assets increased by 83.2% year-over-year, from $1.56M to $2.86M.
- What is the long-term trend for Parke Bancorp's foreclosed assets?
- Over 3 years (2022 to 2025), Parke Bancorp's foreclosed assets has grown at a 22.7% compound annual growth rate (CAGR), from $1.55M to $2.86M.
- What does foreclosed assets mean?
- Foreclosed assets, often referred to as Other Real Estate Owned (OREO), consist of properties or collateral acquired by the bank through the foreclosure process due to loan defaults. These assets represent non-performing portions of the loan portfolio that have been converted into physical property. High levels of these assets indicate potential credit quality issues and the need for effective asset liquidation strategies.