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B PARKE BANCORPINC Parke Bancorp , Inc. 601 Delsea Drive , Washington Township , NJ 08080 Contact : Vito S. Pantilione , President and CEO John S. Kaufman , Senior Vice President and CFO ( 856 ) 256-2500 PARKE BANCORP , INC . ANNOUNCES SECOND QUARTER EARNINGS Highlights : Net Income : Revenue : Total Assets : Total Loans : Total Deposits : $ 10.8 million $ 23.5 million for Q2 2021 $ 2.10 billion , increased 1.1 % over December 31 , 2020 $ 1.52 billion , decreased 3.0 % over December 31 , 2020 $ 1.72 billion , increased 8.3 % over December 31 , 2020 WASHINGTON TOWNSHIP , NJ , July 21 , 2021 - Parke Bancorp , Inc. ( “ Parke Bancorp " or the " Company " ) ( NASDAQ : “ PKBK " ) , the parent company of Parke Bank , announced its operating results for the quarter ended June 30 , 2021 . • Highlights for the three and six months ended June 30 , 2021 : Net income available to common shareholders was $ 10.8 million , or $ 0.90 per basic common share and $ 0.89 per diluted common share , for the three months ended June 30 , 2021 , an increase of $ 4.2 million , or 64.5 % , compared to net income available to common shareholders of $ 6.5 million , or $ 0.55 per basic common share and $ 0.55 per diluted common share , for the same quarter in 2020. The increase is primarily driven by an increase in net interest income , reduced loan loss provision , and higher non - interest income , partially offset by higher non - interest expense . • Net interest income increased 21.4 % to $ 18.1 million for the three months ended June 30 , 2021 , compared to $ 14.9 million for the same period in 2020 . • • Net income available to common shareholders was $ 20.2 million , or $ 1.70 per basic common share and $ 1.67 per diluted common share , for the six months ended June 30 , 2021 , an increase of $ 6.4 million , or 46.9 % , compared to net income available to common shareholders of $ 13.7 million , or $ 1.16 per basic common share and $ 1.15 per diluted common share , for the same period in 2020. The increase is primarily driven by an increase in net interest income , reduced loan loss provision , and higher non - interest income , partially offset by higher non - interest expense . Net interest income increased 15.9 % to $ 34.9 million for the six months ended June 30 , 2021 , compared to $ 30.1 million for the same period in 2020 .