Applications / Mortgage Analytics / Lenders / New Jersey / Parke Bank
Sewell, NJ · State non-member bank · FDIC · $2.2 billion assets · 322 loans in 2025
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322
loans originated, 2025
347
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Parke Bank lends mostly to people of modest means: borrowers with low or moderate incomes took 71.6% of its loans, the highest share among similar banks.
Among similar lenders (state non-member banks making between half and twice as many loans) the typical share going to borrowers with low or moderate incomes (LMI) was 28.1%; at Parke it was 71.6%. Poorer neighborhoods took 32.2% of its loans, against 16.5%. Majority-minority neighborhoods took 50.3%, against 6.7%.
Purchases made up 85.1% of its loans, all conventional. Its typical loan, $235,000, was higher than about seven in ten similar lenders'. Its purchase denial rate of 0.9% was among the lowest tenth of its peers.
It made 322 loans, down 27% from 443, while similar lenders grew 9% and the whole market 10%. Its dollar volume barely moved, at $145.9 million against $148.2 million, because each loan was larger. It made 1,038 loans in 2022; the public data do not show why volume has fallen since.
Philadelphia-Camden-Wilmington is its largest market, where it ranked 83 of 784 lenders. It lends in 12 metros across five states, most of them in Pennsylvania. Where its lending to poorer and majority-minority neighborhoods is concentrated is a question the tract-level data could answer.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Parke Bank took 347 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 85.1% · Refinance 14.6% · Home improvement 0.3%
Conventional 100.0% · of 322 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Pennsylvania | 274 | 85.1% |
| New Jersey | 25 | 7.8% |
| Delaware | 15 | 4.7% |
| New York | 7 | 2.2% |
| North Carolina | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Philadelphia | 238 |
| Montgomery County-Bucks County-Chester County | 33 |
| Camden | 14 |
| Wilmington | 14 |
| Atlantic City-Hammonton | 10 |
| New York-Jersey City-White Plains | 7 |
| Allentown-Bethlehem-Easton | 1 |
| Dover | 1 |
| Lebanon | 1 |
| Nassau County-Suffolk County | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493008HV53MEILG2D59 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2764212 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 334888 | 2001–2017 |
Established 28 January 1999. Reported under HMDA 2001-2025.
Mergers, name changes, data editions and corrections: Parke Bank's data.
Parke Bank's data
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