SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.
                              ---------------------

                                    FORM 10-Q
                [X] QARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
                  OF THE SECURITIES EXCHANGE ACTIVITIES OF 1934
                  For the quarterly period ended March 31, 1998

                               PARK BANCORP, INC.
             (Exact name of registrant as specified in its charter)

                                    DELAWARE
                            (State of incorporation)

                                   36-4082530
                        (IRS Employer Identification No.)

                   5400 SOUTH PULASKI ROAD, CHICAGO, ILLINOIS
                    (Address of Principal Executive Offices)

                                      60632
                                   (ZIP Code)

                                 (773) 582-8616
              (Registrant's telephone number, including area code)


Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
                                Yes /X/      No / /


Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of the latest practicable date.

As of March 31, 1998, the Registrant had outstanding 2,332,649 shares of common
stock.


THE FORMATTING OF THIS REPORT SHOULD STAY AS IS



<PAGE>


                               PARK BANCORP, INC.

                           Form 10-Q Quarterly Report


                                      Index


                                                                           PAGE

PART I - Financial Information

     Item 1     Financial Statements                                          1

     Item 2     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations               6

     Item 3     Quantitative and Qualitative Disclosures About Market Risks   8


PART II - Other Information

     Item 1     Legal Proceedings                                             10

     Item 2     Changes in Securities                                         10

     Item 3     Defaults Upon Senior Securities                               10

     Item 4     Submission of Matters to a Vote of Securities Holders         10

     Item 5     Other Information                                             10

     Item 6     Exhibits and Reports on Form 8-K                              10


SIGNATURES                                                                    11




<PAGE>
<TABLE>
<CAPTION>


PARK BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(IN THOUSANDS)

                                                                                     MARCH 31,      DECEMBER 31,
                                                                                       1998             1997
                                                                                       ----             ----

ASSETS
<S>                                                                                  <C>            <C>    

Cash and due from banks                                                            $        859    $      1,119
Interest-bearing deposit accounts in other financial institutions                         9,094           6,693
                                                                                   ------------    ------------
     Total cash and cash equivalents                                                      9,953           7,812
Securities available-for-sale                                                            30,604          37,101
Securities held-to-maturity (fair value: 1998 - $76,142; 1997 - $55,684)                 77,438          55,736
Loans receivable, net                                                                    71,900          68,327
Federal Home Loan Bank stock                                                                841             841
Real estate held for development                                                          1,619           2,270
Premises and equipment, net                                                               2,505           2,489
Foreclosed real estate                                                                       60              60
Accrued interest receivable                                                               1,779           1,542
Other assets                                                                                651             494
                                                                                   ------------         -------

TOTAL ASSETS                                                                           $197,350        $176,672
                                                                                   ============    ============

LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits                                                                               $138,374        $131,865
Securities sold under repurchase agreements                                               7,046           4,250
Advances from borrowers for taxes and insurance                                           1,325           1,387
Federal Home Loan Bank advances                                                          10,000               -
Accrued interest payable                                                                    152             175
Other liabilities                                                                         1,156             394
                                                                                   ------------    ------------
     Total liabilities                                                                  158,053         138,071

STOCKHOLDERS' EQUITY
Preferred stock, $.01 par value, 1,000,000 shares authorized
  and unissued                                                                                -               -
Common stock, $.01 par value, 9,000,000 shares authorized;
  2,701,441 shares issued                                                                    27              27
Additional paid-in capital                                                               26,262          26,222
Retained earnings                                                                        20,629          20,060
Treasury stock at cost - 283,562 shares                                                  (4,693)         (4,693)
Unearned ESOP shares                                                                     (1,763)         (1,807)
Unearned MRP shares                                                                      (1,153)         (1,226)
Unrealized gain (loss) on securities available-for-sale, net of taxes                       (12)             18
                                                                                   ------------    ------------
     Total stockholders' equity                                                          39,297          38,601
                                                                                   ------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                         $    197,350    $    176,672
                                                                                   ============    ============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


PARK BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME
(IN THOUSANDS)

                                                                                              THREE MONTHS
                                                                                             ENDED MARCH 31,
                                                                                           1998          1997
                                                                                           ----          ----
<S>                                                                                     <C>              <C>    

Interest income:
     Loans receivable                                                                  $    1,495    $    1,404
     Securities                                                                             1,948         1,746
                                                                                       ----------    ----------
         Total                                                                              3,443         3,150

Interest expense:
     Deposits                                                                               1,669         1,498
     Federal Home Loan Bank advances                                                          112            71
                                                                                       ----------    ----------
         Total                                                                              1,781         1,569
                                                                                       ----------    ----------

Net interest income                                                                         1,662         1,581

Provision for loan losses                                                                       -             -
                                                                                       ----------    ----------

Net interest income after provision for loan losses                                         1,662         1,581

Noninterest income:
     Gain on sale of real estate held for development                                         224            45
     Gain on sale of securities available-for-sale                                              3             -
     Service fee income                                                                        40            36
     Other operating income                                                                    14             7
                                                                                       ----------    ----------
         Total noninterest income                                                             281            88

Noninterest expense:
     Compensation and benefits                                                                683           591
     Occupancy and equipment expense                                                          134           120
     Federal deposit insurance premiums                                                        32            33
     Data processing services                                                                  33            32
     Advertising                                                                               50            23
     Stationery, printing and supplies                                                         23            34
     Other operating expense                                                                  124            92
                                                                                       ----------    ----------
         Total noninterest expense                                                          1,079           925
                                                                                       ----------    ----------

Income before income taxes                                                                    864           744

Income tax expense                                                                            295           253
                                                                                       ----------    ----------

     Net income                                                                        $      569    $      491
                                                                                       ==========    ==========


Basic earnings per share                                                               $      .26    $      .20
Diluted earnings per share                                                             $      .26    $      .20
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PARK BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
                                                                                          THREE MONTHS ENDED
                                                                                               MARCH 31,
                                                                                          1998              1997
                                                                                          ----              ----
<S>                                                                                    <C>              <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                                                                   $569           $491
Adjustments to reconcile net income to net cash from
  operating activities:
     Net discount accretion on securities                                                    (12)            (4)
     Gain on sale of real estate held for development                                       (224)           (45)
     Gain on sale of securities available-for-sale                                            (3)             -
     Depreciation                                                                            121             45
     ESOP compensation expense                                                                44             47
     MRP compensation expense                                                                113            138
     Net change in:
         Accrued interest receivable                                                        (237)            72
         Accrued interest payable                                                            (23)             2
         Other assets                                                                       (157)           212
         Other liabilities                                                                   778          5,209
                                                                                       ---------          -----

         Net cash from operating activities                                                  969          6,167


CASH FLOWS FROM INVESTING ACTIVITIES:
Net change in loans                                                                       (3,573)           499
Purchase of securities available-for-sale                                                 (7,621)        (3,400)
Purchase of securities held-to-maturity                                                  (28,248)        (5,000)
Proceeds from sales of securities available-for-sale                                         289              -
Proceeds from maturities and calls of securities available-for-sale                       13,190          3,000
Proceeds from maturities and calls of securities held-to-maturity                          6,000          2,000
Principal repayments on mortgage-backed securities                                         1,154          1,173
Net change in real estate held for development                                               875            104
Expenditures for premises and equipment                                                     (137)          (442)
                                                                                       ----------       --------

     Net cash from investing activities                                                  (18,071)        (2,066)


CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in deposits                                                                     6,509         (1,313)
Net change in repurchase agreements                                                        2,796              -
Net change in advances from borrowers for taxes and insurance                                (62)           (87)
Net change in FHLB advances                                                               10,000              -
Purchase of treasury stock                                                                     -         (4,219)
                                                                                       ---------       ---------

     Net cash from financing activities                                                   19,243         (5,619)
                                                                                       ---------        --------

Net change in cash and cash equivalents                                                    2,141         (1,518)

Cash and cash equivalents at beginning of period                                           7,812          6,213
                                                                                        --------       --------

Cash and cash equivalents at end of period                                                $9,953         $4,695
                                                                                         =======        =======


Supplemental disclosures of cash flow information
     Cash paid during the period for
         Interest                                                                    $     1,803    $     1,567
         Income taxes                                                                          -             45
</TABLE>
<PAGE>
<TABLE>
PARK BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(IN THOUSANDS)
<CAPTION>

                                                                                                         Unrealized
                                                                                                        Appreciation
                                                                                                       (Depreciation)
                                                     Additional         Unearned     Unearned           on Securities     Stock-
                                             Common   Paid-in  Retained   ESOP         MRP    Treasury    Available-      holders'
                                             STOCK    CAPITAL  EARNINGS  SHARES       SHARES   STOCK      FOR-SALE        EQUITY
                                             ------  --------- -------- --------    --------- ------    --------------  -----------
<S>                                          <C>     <C>       <C>       <C>         <C>      <C>         <C>            <C>


Balance at January 1, 1997                  $27    $26,088    $18,517   $(1,993)      $-        $-        $(182)        $42,457
Net income                                    -          -        491         -        -         -            -             491
Depreciation in fair value of 
  securities classified as available-for-
  sale,net of income taxes of $161           -          -          -         -        -         -         (317)           (317)
                                                                                                                          -----
Comprehensive income                          -          -          -         -        -         -            -             174

Purchase of common stock                      -          -          -         -        -    (4,219)           -          (4,219)
Grant of stock awards under Management
  Recognition Plan (MRP)                      -          -          -         -   (1,702)    1,702            -               -
ESOP shares earned                            -          -          -        47        -         -            -              47
MRP shares earned                             -         24          -         -      114         -            -             138
                                         ------      -----     ------   -------  -------   ------       -------        --------

Balance at March 31, 1997                   $27    $26,112    $19,008   $(1,946) $(1,588)  $(2,517)       $(499)        $38,597
                                         ======    =======    =======   ========  =======  ========     =======      ==========





Balance at January 1, 1998                  $27    $26,222    $20,060   $(1,807) $(1,226)  $(4,693)         $18         $38,601
Net income                                    -          -        569         -        -         -            -             569
Depreciation in fair value of 
  securities classified as available-for-
  sale, net of income taxes of $16            -          -          -         -        -         -          (30)            (30)
                                                                                                                         -------
Comprehensive income                          -          -          -         -        -         -            -             539

ESOP shares earned                            -          -          -        44        -         -            -              44
MRP shares earned                             -         40          -         -       73         -            -             113
                                          ------    ------     ------     ------  ------    ------       ------         -------

Balance at March 31, 1998                   $27    $26,262    $20,629   $(1,763) $(1,153)  $(4,693)        $(12)        $39,297
                                          ======   =======    =======   ======== ========  ========      =======      =========
</TABLE>
<PAGE>


                               PARK BANCORP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 1998


Note 1 - Basis of Presentation

The accompanying unaudited consolidated financial statements include the
accounts of Park Bancorp, Inc. (Corporation) and its wholly-owned subsidiary,
Park Federal Savings Bank (Bank) and its subsidiaries, as of March 31, 1998 and
December 31, 1997 and for the three-month periods ended March 31, 1998 and 1997.
Material intercompany accounts and transactions have been eliminated in
consolidation.

The accompanying unaudited consolidated financial statements have been prepared
in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-Q and Article 10 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements. In the opinion of management, all necessary adjustments,
consisting only of normal recurring accruals necessary for a fair presentation,
have been included. The results of operations for the three-month period ended
March 31, 1998 are not necessarily indicative of the results that may be
expected for the entire calendar year. These unaudited consolidated financial
statements should be read in conjunction with the consolidated financial
statements for the year ended December 31, 1997 and the notes thereto.

Note 2 - Summary of Significant Accounting Policies

SECURITIES: Securities are classified as held to maturity and carried at
amortized cost when management has the positive intent and ability to hold them
to maturity. Securities are classified as available for sale when they might be
sold before maturity. Securities available for sale are carried at fair value,
with unrealized holding gains and losses reported separately in shareholders'
equity, net of tax. Realized gains are based on specific identification of
amortized cost Interest income includes amortization of purchase premium or
discount.

LOANS: Loans are reported at the principal balance outstanding, net of unearned
interest, deferred loan fees and costs, and an allowance for loan losses.
Interest income is reported on the interest method and includes amortization of
net deferred loan fees and costs over the loan term.

ALLOWANCE FOR LOAN LOSSES: The allowance for loan losses is a valuation
allowance for probable credit losses, increased by the provision for loan losses
and decreased by charge-offs less recoveries. Management estimates the allowance
balance required based on past loan loss experience, known and inherent risks in
the portfolio, information about specific borrower situations and estimated
collateral values, economic conditions, and other factors. Allocations of the
allowance may be made for specific loans, but the entire allowance is available
for any loan that, in management's judgment, should be charged-off.

EARNINGS PER SHARE: Basic and diluted earnings per share are computed under a
new accounting standard which became effective during the quarter ended December
31, 1997. All prior amounts have been restated to be comparable. Basic earnings
per share is based on net income divided by weighted average number of shares
outstanding during the period. Diluted earnings per share shows the dilutive
effect of additional common shares issuable under stock options and unearned
Management Recognition Plan (MRP) shares.



<PAGE>

Note 3 - Earnings Per Share

The following  table presents a  reconciliation  of the components  used to 
compute basic and diluted  earnings per share for the Three month period ended 
March 31, 1998 and 1997.
<TABLE>
<CAPTION>

                                                                               1997              1996
                                                                               ----              ----
         <S>                                                             <C>                <C>


         Net income as reported                                          $      569     $         491
         Weighted average common
           shares outstanding                                             2,154,162         2,489,454
                                                                         ----------        ----------

              Basic earnings per share                                   $      .26     $         .20
                                                                         ==========        ==========

         Net income available to
           common shareholders                                           $      569     $         491

         Weighted average common
           shares outstanding                                             2,154,162         2,489,454
         Dilutive effect of MRP                                               6,784                 -
         Dilutive effect of stock options                                    31,423                 -
                                                                         ----------         ---------
                                                                          2,192,369         2,489,454
                                                                         ----------         ---------

              Diluted earnings per share                                       $.26              $.20
                                                                         ==========         =========
</TABLE>



ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS

The following discussion compares the financial condition of Park Bancorp, Inc.
and its wholly-owned subsidiary, Park Federal Savings Bank, at March 31, 1998 to
its financial condition at December 31, 1997 and the results of operations for
the three months ended March 31, 1998 to the same period in 1997. This
discussion should be read in conjunction with the interim financial statements
and footnotes included herein.

FINANCIAL CONDITION

Total assets at March 31, 1998 were $197.4 million compared to $176.7 million at
December 31, 1997, an increase of $20.7 million, or 11.70%. During the three
months ended March 31, 1998, cash and cash equivalents increased by $2.1 million
and securities held-to-maturity increased by $21.7 million which were primarily
funded by $10 million of Federal Home Loan Bank advances.

Total liabilities at March 31, 1998 were $158.1 million compared to $138.1
million at December 31, 1997, an increase of $20.0 million. Total deposits
increased by approximately $6.5 million during the quarter ended March 31, 1998
while additional funds were received as securities sold under repurchase
agreements increased $2.8 million. The remaining increase was due to the $10
million of advances from the Federal Home Loan Bank as discussed above.

Stockholders' equity at March 31, 1998 was $39.3 million compared to $38.6
million at December 31, 1997, an increase of $696,000. This increase was
primarily attributable to the net income for the first quarter of 1998 of
$569,000.



RESULTS OF OPERATIONS

Net income increased 15.9% to $569,000 for the quarter ended March 31, 1998 from
$491,000 for the quarter ended March 31, 1997. Net interest income increased to
$1.7 million for the three-month period ended March 31, 1998 compared to $1.6
million for the same period in 1997.

Noninterest  income  increased  $190,000 to $278,000 for the quarter  ended 
March 31, 1998 fueled  primarily by an increase in the gains on sales of real 
estate held for development to $224,000 for the 1998 period from $45,000 for the
same period in 1997.

Noninterest expense increased to $1.1 million for the three-month period ended
March 31, 1998 from $925,000 for the three-month period ended March 31, 1997
primarily as a result of additional compensation expense and other expenses as a
result of operating as a public company.

The Corporation's federal income tax expense increased to $295,000 for the
three-month period ended March 31, 1998 from $253,000 for the three-month period
ended March 31, 1997. The change in income tax was attributable to the increase
in income before income taxes.

LIQUIDITY

The Bank is required to maintain minimum levels of liquid assets as defined by
Bank regulators. The Bank's liquidity ratio does fluctuate, but has been in
excess of the required and targeted levels. The Bank's regulatory liquidity at
March 31, 1998 was 54.2%.

At March 31, 1998, the Bank had $1.8 million in commitments to originate loans
and $783,000 in standby letters of credit.

CAPITAL RESOURCES

The Bank is subject to three capital-to-asset requirements in accordance with
bank regulations. The following table summarizes the Bank's regulatory capital
requirements versus actual capital as of March 31, 1998:
<TABLE>
<CAPTION>

                                       ACTUAL              REQUIRED             EXCESS
                                       AMOUNT         %    AMOUNT        %      AMOUNT      %
                                     ---------      ----  ---------     ---    ----------   ---
<S>                                  <C>           <C>     <C>          <C>     <C>        <C>

Core leverage capital                24,976         13.7   7,297        4.0     17,679     9.7
Risk-based capital                   25,484         38.9   5,245        8.0     20,239    30.9
</TABLE>
NEW ACCOUNTING STANDARDS

Statement of Financial Accounting Standards No. 130 (SFAS No. 130), Reporting  
Comprehensive  Income, became effective during the first quarter of 1998 and 
requires that all components of  comprehensive  income be presented in a 
separate  statement.  Disclosures of the components of  comprehensive  income 
are included in the Consolidated Statements of Stockholders' Equity.

Statement of Financial Accounting Standards No. 131 (SFAS No. 131), Disclosures
about Segments of an Enterprise and Related Information, will also become
effective during 1998. SFAS No. 131 establishes standards for the way public
companies report information about its operating segments and requires that
these standards be adhered to for interim reporting as well. SFAS No. 131
requires companies to provide more descriptive disclosures about its operating
segments including the way in which the segment was determined, the products and
services provided by the segment, and the profit or loss generated by the
segment. Management does not anticipate that SFAS No. 131 will have a
significant impact on the Company's results of operations or capital.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995

This report contains certain forward-looking statements within the meaning of
Section 27a of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Corporation intends such
forward-looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities Reform Act of
1995, and is including this statement for purposes of these safe harbor
provisions. Forward-looking statements, which are based on certain assumptions
and describe future plans, strategies and expectations of the Corporation, are
generally identifiable by use of the words "believe", "expect", "intend",
"anticipate", "estimate", "project", or similar expressions. The Corporation's
ability to predict results or the actual effect of future plans or strategies is
inherently uncertain. Factors which could have a material adverse affect on the
operations and future prospects of the Corporation and its wholly-owned
subsidiary include, but are not limited to, changes in: interest rates; general
economic conditions; legislative/regulatory provisions; monetary and fiscal
policies of the U.S. Government, including policies of the U.S. Treasury and the
Federal Reserve Board; the quality or composition of the loan or investment
portfolios; demand for loan products; deposit flows; competition; demand for
financial services in the Corporation's market area; and accounting principles,
policies, and guidelines. These risks and uncertainties should be considered in
evaluating forward-looking statements and undue reliance should not be placed on
such statements. Further information concerning the Corporation and its
business, including additional factors that could materially affect the
Corporation's financial results, is included in the Corporation's filings with
the SEC.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The principal objective of the Bank's interest rate risk management function is
to evaluate the interest rate risk included in certain balance sheet accounts;
determine the level of risk appropriate given the Bank's business focus,
operating environment, capital and liquidity requirements, and performance
objectives; and manage the risk consistent with Board approved guidelines.
Through such management, the Bank seeks to reduce the vulnerability of its
operations to changes in interest rates. The Bank monitors its interest rate
risk as such risk relates to its operating strategies. The Bank's executive
committee meets regularly and reviews the Bank's interest rate risk position and
makes recommendations for adjusting such position. In addition, the Bank's Board
of Directors reviews on a quarterly basis the Bank's asset/liability position,
including simulations of the effect on the Bank's capital of various interest
rate scenarios.

The Bank's interest rate sensitivity is monitored by management through the use
of a model which estimates the change in net portfolio value ("NPV") over a
range of interest rate scenarios. NPV is the present value of expected cash
flows from assets, liabilities, and off-balance-sheet contracts. An NPV Ratio,
in any interest rate scenario, is defined as the NPV in that scenario divided by
the market value of assets in the same scenario. The Sensitivity Measure is the
decline in the NPV Ratio, in basis points, caused by a 2% increase or decrease
in rates, whichever produces a larger decline. The higher an institution's
Sensitivity Measure is, the greater its exposure to interest rate risk is
considered to be. The Bank utilizes a market value model prepared by the OTS
(the "OTS NPV model"), which is prepared quarterly, based on the Bank's
quarterly Thrift Financial Reports filed with the OTS. The OTS NPV model
measures the Bank's interest rate risk by approximating the Bank's NPV, which is
the net present value of expected cash flows from assets, liabilities, and any
off-balance-sheet contracts, under various market interest rate scenarios which
range from a 400 basis point increase to a 400 basis point decrease in market
interest rates. The interest rate risk policy of the Bank provides that the
maximum permissible change at a 400 basis point increase or decrease in market
interest rates is a 90% change in the net portfolio value. The OTS has
incorporated an interest rate risk component into its regulatory capital rule.
Under the rule, an institution whose sensitivity measure exceeds 2% would be
required to deduct an interest rate risk component in calculating its total
capital for purpose of the risk-based capital requirement. As of December 31,
1997, the Bank's sensitivity measure, as measured by the OTS, resulting from a
200 basis point increase in interest rates was (0.92)% and would result in a
$2.2 million reduction in the NPV of the Bank. Accordingly, increases in
interest rates would be expected to have a negative impact on the Bank's
operating results. The NPV Ratio sensitivity measure is below the threshold at
which the Bank could be required to hold additional risk-based capital under OTS
regulations.

Certain shortcomings are inherent in the methodology used in the above interest
rate risk measurements. Modeling changes in NPV requires the making of certain
assumptions that may tend to oversimplify the manner in which actual yields and
costs respond to changes in market interest rates. First, the models assume that
the composition of the Bank's interest sensitive assets and liabilities existing
at the beginning of a period remains constant over the period being measured.
Second, the models assume that a particular change in interest rates is
reflected uniformly across the yield curve regardless of the duration to
maturity or repricing of specific assets and liabilities. Third, the model does
not take into account the impact of the Bank's business or strategic plans on
the structure of interest-earning assets and interest-bearing liabilities.
Accordingly, although the NPV measurement provides an indication of the Bank's
interest rate risk exposure at a particular point in time, such measurement is
not intended to and does not provide a precise forecast of the effect of changes
in market interest rates on the Bank's net interest income and will differ from
actual results. The results of this modeling are monitored by management and
presented to the Board of Directors, quarterly.


<TABLE>
<CAPTION>
The following  table shows the NPV and projected  change in the NPV of the 
Bank at December 31, 1997 assuming an  instantaneous  and sustained  change in 
market interest rates of 100, 200, 300, and 400 basis points.

             INTEREST RATE SENSITIVITY OF NET PORTFOLIO VALUE (NPV)

                                                                                       NPV as a % of
                           --------------NET PORTFOLIO VALUE------------    -----------PV OF ASSETS---------
       CHANGE IN RATES       $ AMOUNT         $ CHANGE       % CHANGE          NPV RATIO         CHANGE
       ---------------       --------         --------       --------          ---------         ------
       <S>                   <C>              <C>            <C>               <C>               <C>    

          + 400 bp         $    25,295     $   (5,127)         (16.8)%           15.74%          -223 bp
          + 300 bp              26,753         (3,664)         (12.0)            16.42           -155 bp
          + 200 bp              28,181         (2,241)          (7.3)            17.05            -92 bp
          + 100 bp              29,477           (945)          (3.1)            17.60            -37 bp
              0 bp              30,422              -            -               17.97                 -
          - 100 bp              30,925            503            1.6             18.11            +14 bp
          - 200 bp              31,124            702            2.3             18.10            +13 bp
          - 300 bp              31,498          1,076            3.5             18.16            +19 bp
          - 400 bp              32,209          1,787            5.8             18.38            +41 bp

Management  has not yet completed the  computation  of NPV as of March 31, 1998 
but estimates  that the results would not be materially  different  than those  
presented above.
</TABLE>


<PAGE>


PART II - - OTHER INFORMATION


ITEM 1.   LEGAL PROCEEDINGS.

                  None

ITEM 2.   CHANGES IN SECURITIES.

                  None

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES.

                  None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS.

                  None

ITEM 5.  OTHER INFORMATION.

                  None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

                  (a)  Exhibits - Not applicable.


                  (b)    Reports on Form 8-K. No reports on Form 8-K were filed
                         by the registrant during the quarter ended March 31,
                         1998.



<PAGE>



                                   SIGNATURES



Pursuant to the requirements of the Securities  Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned  thereunto duly authorized.


                                       PARK BANCORP, INC.

Date:  May 8, 1998                     /S/ DAVID A. REMIJAS
                                       --------------------
                                       David A. Remijas
                                       President and Chief Executive Officer


Date:  May 8, 1998                     /S/ STEVEN J. POKRAK
                                       --------------------
                                       Steven J. Pokrak
                                       Treasurer and Chief Financial Officer



<PAGE>