Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2023

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

Schedule of Quantitative Measures Established by Regulation to Ensure Capital Adequacy Minimum Amounts and Ratios

The Company and Bank's regulatory capital as of December 31, 2023 and 2022, is presented in the following table.

As of December 31, 2023	Actual			For Capital Adequacy Purpose*
Company	Amount		Ratio	Amount		Ratio
	(Dollars in thousands except ratios)
Total risk-based capital	$	345,607	24.19%	$	114,291	8.00%
Tier 1 risk-based capital	297,749		20.84%	85,718		6.00%
Tier 1 leverage	297,749		15.04%	79,207		4.00%
Tier 1 common equity	284,346		19.90%	64,289		4.50%
Parke Bank
Community Bank Leverage Ratio	326,465		16.49%	178,233		9.00%

As of December 31, 2022	Actual			For Capital Adequacy Purpose*
Company	Amount		Ratio	Amount		Ratio
	(Dollars in thousands except ratios)
Total risk-based capital	$	298,056	20.59%	$	115,797	8.00%
Tier 1 risk-based capital	279,963		19.34%	86,848		6.00%
Tier 1 leverage	279,963		14.40%	77,775		4.00%
Tier 1 common equity	266,115		18.38%	65,136		4.50%
Parke Bank
Community Bank Leverage Ratio	308,155		15.85%	175,009		9.00%

* Combination of both community bank leverage approach and the regular rule of capital adequacy.