Parke Bancorp Inc. reported earnings results for the fourth quarter and full year ended December 31, 2015. For the full year, the company reported net income available to common shareholders of $9.5 million, or $1.56 per common share and $1.34 per diluted common share, for the year ended December 31, 2015. This compares to $9.3 million, or $1.55 per common and $1.32 per diluted share, for the year ended December 31, 2014, an increase in net income of 2.4%. Return on average assets was 1.48% compared to 1.08% a year ago. Return on average assets was 1.25% compared to 1.30% a year ago. Return on average common equity was 10.82% compared to 11.74% a year ago. Net interest income was $33,598,000 compared to $32,553,000 a year ago. Net interest income after provision for loan losses was $30,558,000 compared to $29,303,000 a year ago. Income before income taxes was $18,786,000 compared to $18,023,000 a year ago.

For the quarter ended December 31, 2015, net income available to common shareholders was $2.9 million, or $0.48 per common share and $0.40 per diluted common share, compared to net income of $1.9 million, or $0.32 per common and $0.28 per diluted common share for the quarter ended December 31, 2014, an increase in quarterly net income of 54.6%. Return on average assets was 1.48% compared to 1.08% a year ago. Return on average common equity was 12.80% compared to 9.16% a year ago. Net interest income was $8,666,000 compared to $8,001,000 a year ago. Net interest income after provision for loan losses was $8,666,000 compared to $7,001,000 a year ago. Income before income taxes was $5,697,000 compared to $3,462,000 a year ago.