SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.

                                    FORM 10-Q

                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACTIVITIES OF 1934
                  For the quarterly period ended June 30, 2000

                               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 August 10, 2000, the Registrant had outstanding 1,602,339 shares of common
stock.

<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                 8

   Item 3    Quantitative and Qualitative Disclosures About Market Risk      10


PART II - Other Information

   Item 1    Legal Proceedings                                               11

   Item 2    Changes in Securities                                           11

   Item 3    Defaults Upon Senior Securities                                 11

   Item 4    Submission of Matters to a Vote of Securities Holders           11

   Item 5    Other Information                                               11

   Item 6    Exhibits and Reports on Form 8-K                                11

SIGNATURES                                                                   12

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 Company 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 as amended, 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
Company, are generally identifiable by use of the words "believe," "expect,"
"intend," "anticipate," "estimate," "project," or similar expressions. The
Company'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 Company and its
wholly-owned subsidiaries 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 Company'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 Company and
its business, including additional factors that could materially affect the
Company's financial results, is included in the Company's filings with the
Securities and Exchange Commission.

<PAGE>


PARK BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(IN THOUSANDS OF DOLLARS, EXCEPT SHARE DATA)

<TABLE>
<CAPTION>
                                                                        JUNE 30,      DECEMBER 31,
                                                                         2000            1999
                                                                         ----            ----
                                     ASSETS
<S>                                                                  <C>          <C>
Cash and due from banks                                              $      1,272     $      1,389
Interest-bearing deposit accounts in other financial institutions           2,709            2,635
                                                                     ------------     ------------
     Total cash and cash equivalents                                        3,981            4,024

Securities available-for-sale                                             122,884          124,359
Loans receivable, net                                                      91,251           86,692
Federal Home Loan Bank stock                                                1,864            1,800
Real estate held for development                                              161              234
Premises and equipment, net                                                 2,604            2,377
Accrued interest receivable                                                 2,713            2,686
Other assets                                                                3,369            3,855
                                                                     ------------     ------------
TOTAL ASSETS                                                         $    228,827     $    226,027
                                                                     ============     ============
                      LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits                                                             $    145,916     $    145,675
Securities sold under repurchase agreements                                17,902           13,185
Federal Home Loan Bank advances                                            35,000           36,000
Advances from borrowers for taxes and insurance                             1,751            1,593
Accrued interest payable                                                      407              296
Other liabilities                                                           1,918            1,920
                                                                     ------------     ------------
     Total liabilities                                                    202,894          198,669

STOCKHOLDERS' EQUITY
Preferred stock, $.01 par value, 1,000,000 shares authorized;
  none issued or outstanding                                                   --               --
Common stock, $.01 par value, 9,000,000 shares authorized;
  2,701,441 shares issued                                                      27               27
Additional paid-in capital                                                 26,458           26,436
Retained earnings                                                          24,462           23,990
Treasury stock at cost - 1,050,736 and 860,436 shares, at cost            (16,947)         (14,294)
Unearned ESOP shares                                                       (1,373)          (1,456)
Unearned MRP shares                                                          (381)            (550)
Accumulated other comprehensive income (loss)                              (6,313)          (6,795)
                                                                     ------------     ------------
     Total stockholders' equity                                            25,933           27,358
                                                                     ------------     ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                           $    228,827     $    226,027
                                                                     ============     ============
</TABLE>


                 See notes to consolidated financial statements.

                                        1
<PAGE>


PARK BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(IN THOUSANDS OF DOLLARS, EXCEPT SHARE DATA)

<TABLE>
<CAPTION>
                                                               THREE MONTHS                  SIX MONTHS
                                                               ENDED JUNE 30,              ENDED JUNE 30,
                                                         ------------------------     ------------------------
                                                             2000         1999           2000          1999
                                                             ----         ----           ----          ----
<S>                                                      <C>           <C>            <C>           <C>
Interest income
     Loans receivable                                    $    1,746    $    1,584     $    3,403    $    3,151
     Securities and other                                     2,248         2,097          4,513         4,093
                                                         ----------    ----------     ----------    ----------
         Total                                                3,994         3,681          7,916         7,244

Interest expense
     Deposits and repurchase agreements                       1,902         1,687          3,720         3,400
     Federal Home Loan Bank advances                            504           259            963           394
                                                         ----------    ----------     ----------    ----------
         Total                                                2,406         1,946          4,683         3,794
                                                         ----------    ----------     ----------    ----------

Net interest income                                           1,588         1,735          3,233         3,450

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

Net interest income after provision for
  loan losses                                                 1,588         1,735          3,233         3,450

Noninterest income
     Gain on sale of real estate held for development            96           264            151           336
     Gain on sale of securities available-for-sale                7            19              7            19
     Service fee income                                          52            40            103            79
     Other operating income                                      29            13             32            43
                                                         ----------    ----------     ----------    ----------
         Total noninterest income                               184           336            293           477

Noninterest expense
     Compensation and benefits                                  740           774          1,510         1,551
     Occupancy and equipment                                    152           145            272           295
     Data processing                                             36            39             73            77
     Advertising                                                 59            48            100            96
     Other operating expenses                                   171           172            346           370
                                                         ----------    ----------     ----------    ----------
         Total noninterest expense                            1,158         1,178          2,301         2,389
                                                         ----------    ----------     ----------    ----------

Income before income taxes                                      614           893          1,225         1,538

Income tax expense                                              199           296            404           515
                                                         ----------    ----------     ----------    ----------
     Net income                                          $      415    $      597     $      821    $    1,023
                                                         ==========    ==========     ==========    ==========

Basic earnings per share                                 $      .28    $      .30     $      .54    $      .52
Diluted earnings per share                               $      .28    $      .30     $      .54    $      .52

Comprehensive income (loss)                              $      344    $   (1,483)    $    1,303    $   (2,033)
                                                         ==========    ==========     ==========    ==========
</TABLE>


                 See notes to consolidated financial statements.

                                        2
<PAGE>


PARK BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS OF DOLLARS)

<TABLE>
<CAPTION>
                                                                                  SIX MONTHS ENDED
                                                                                       JUNE 30,
                                                                               -------------------------
                                                                                   2000          1999
                                                                                   ----          ----
<S>                                                                            <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income                                                                     $      821     $    1,023
Adjustments to reconcile net income to net cash from
  operating activities
     Net discount accretion on securities                                             (22)          (119)
     Gain on sale of securities available-for-sale                                     (7)           (19)
     Gain on sale of real estate held for development                                (151)          (336)
     Depreciation                                                                     120            184
     ESOP compensation expense                                                        105            126
     MRP compensation expense                                                         169            181
     FHLB stock dividends                                                             (64)            --
     Net change in:
         Accrued interest receivable                                                  (27)          (254)
         Accrued interest payable                                                     111            (16)
         Other assets                                                                 236            (46)
         Other liabilities                                                             63            810
                                                                               ----------     ----------
         Net cash from operating activities                                         1,354          1,534

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available-for-sale                                              --        (51,743)
Proceeds from sales, calls, and maturities of securities available-for-sale           125         26,163
Principal repayments on mortgage-backed securities                                  2,111          3,433
Net change in loans                                                                (4,559)        (6,200)
Purchases of FHLB stock                                                                --           (413)
Net change in real estate held for development                                        224           (818)
Purchase of premises and equipment                                                   (347)          (120)
                                                                               ----------     ----------
     Net cash from investing activities                                            (2,446)       (29,698)

CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits                                                                241            854
Net change in repurchase agreements                                                 4,717          4,118
Net change in advances from borrowers for taxes and insurance                         158            109
Net change in Federal Home Loan Bank advances                                      (1,000)        16,000
Dividends paid                                                                       (414)          (229)
Purchase of treasury stock                                                         (2,653)            --
                                                                               ----------     ----------
     Net cash from financing activities                                             1,049         20,852
                                                                               ----------     ----------
Net change in cash and cash equivalents                                               (43)        (7,312)

Cash and cash equivalents at beginning of period                                    4,024         10,709
                                                                               ----------     ----------
Cash and cash equivalents at end of period                                     $    3,981     $    3,397
                                                                               ==========     ==========
Cash paid during the period for
     Interest                                                                  $    4,572     $    3,762
     Income taxes                                                                     471            390
</TABLE>


                 See notes to consolidated financial statements.

                                       3
<PAGE>


PARK BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
SIX MONTHS ENDED JUNE 30, 2000 AND 1999
(IN THOUSANDS OF DOLLARS, EXCEPT SHARE DATA)

<TABLE>
<CAPTION>
                                                                                                               Accumulated
                                                                                                                  Other
                                                                                                                 Compre-    Total
                                                         Additional            Unearned   Unearned               hensive    Stock-
                                                Common    Paid-in   Retained     ESOP       MRP      Treasury    Income    holders'
                                                 Stock    Capital   Earnings    Shares     Awards      Stock     (Loss)     Equity
                                               --------   --------  --------   --------   --------   --------   --------   --------
<S>                                            <C>        <C>       <C>        <C>        <C>        <C>        <C>        <C>
1999
----
Balance at January 1, 1999                     $     27   $ 26,353  $ 22,211   $ (1,628)  $   (933)  $ (8,733)  $   (274)  $ 37,023
Comprehensive income
    Net income                                       --         --     1,023         --         --         --         --      1,023
    Change in fair value of securities
      classified as available-for-sale,
      net of reclassification and tax effects        --         --        --         --         --         --     (3,056)    (3,056)
                                                                                                                           --------
       Total comprehensive income (loss)                                                                                     (2,033)

Dividends declared ($.24 per share)                  --         --      (484)        --         --         --         --       (484)
ESOP shares earned                                   --         40        --         86         --         --         --        126
MRP shares earned                                    --         --        --         --        181         --         --        181
                                               --------   --------  --------   --------   --------   --------   --------   --------

Balance at June 30, 1999                       $     27   $ 26,393  $ 22,750   $ (1,542)  $   (752)  $ (8,733)  $ (3,330)  $ 34,813
                                               ========   ========  ========   ========   ========   ========   ========   ========

2000
----
Balance at January 1, 2000                     $     27   $ 26,436  $ 23,990   $ (1,456)  $   (550)  $(14,294)  $ (6,795)  $ 27,358
Comprehensive income
    Net income                                       --         --       821         --         --         --         --        821
    Change in fair value of securities
      classified as available-for-sale,
      net of reclassification and tax effects        --         --        --         --         --         --        482        482
                                                                                                                           --------
       Total comprehensive income                                                                                             1,303

Purchase of 190,300 shares of treasury stock         --         --        --         --         --     (2,653)        --     (2,653)
Dividends declared ($.24 per share)                  --         --      (349)        --         --         --         --       (349)
ESOP shares earned                                   --         22        --         83         --         --         --        105
MRP shares earned                                    --         --        --         --        169         --         --        169
                                               --------   --------  --------   --------   --------   --------   --------   --------

Balance at June 30, 2000                       $     27   $ 26,458  $ 24,462   $ (1,373)  $   (381)  $(16,947)  $ (6,313)  $ 25,933
                                               ========   ========  ========   ========   ========   ========   ========   ========
</TABLE>


                 See notes to consolidated financial statements.

                                       4
<PAGE>


                               PARK BANCORP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2000
           (table amounts in thousands of dollars, except share data)

Note 1 - Basis of Presentation

The accompanying unaudited consolidated financial statements include the
accounts of Park Bancorp, Inc. (the Company) and its wholly-owned subsidiaries,
Park Federal Savings Bank (the Bank) and PBI Development Company (PBI), and the
Bank's subsidiaries, GPS Company and GPS Development Company (GPS), as of June
30, 2000 and December 31, 1999 and for the six-month and three-month periods
ended June 30, 2000 and 1999. Significant intercompany accounts and transactions
have been eliminated in consolidation.

The accompanying unaudited interim consolidated financial statements have been
prepared pursuant to the rules and regulations for reporting on Form 10-Q.
Accordingly, certain disclosures required by generally accepted accounting
principles are not included herein. These interim statements should be read in
conjunction with the consolidated financial statements and notes thereto
included in the Company's 1999 Annual Report on Form 10-K filed with the
Securities and Exchange Commission. The December 31, 1999 balance sheet
presented herein has been derived from the audited financial statements included
in the Company's 1999 Annual Report on Form 10-K filed with the Securities and
Exchange Commission, but does not include all disclosures required by generally
accepted accounting principles.

Interim statements are subject to possible adjustment in connection with the
annual audit of the Company for the year ending December 31, 2000. In the
opinion of management of the Company, the accompanying unaudited interim
consolidated financial statements reflect all adjustments (consisting of normal
recurring adjustments) necessary for a fair presentation of the consolidated
financial position and consolidated results of operations for the periods
presented.

The results of operations for the six-month and three-month periods ended June
30, 2000 and 1999 are not necessarily indicative of the results to be expected
for the full year.


                                       5
<PAGE>


Note 2 - Segment Information

The reportable segments are determined by the products and services offered,
primarily distinguished between banking and real estate development operations.
Loans, investments, and deposits provide the revenues in the banking operation,
and sales of single family-residence lots provide the revenues in real estate
development operations. All operations are domestic.

Information reported internally for performance assessment follows for the
six-month and three-month periods ended June 30, 2000 and 1999.

<TABLE>
<CAPTION>
                                                                      Real Estate
                                                         Banking      Development        Total
                                                        ----------    -----------     ----------
<S>                                                     <C>            <C>            <C>
Six Months Ended June 30, 2000
------------------------------
   Net interest income                                  $    3,233     $       --     $    3,233
   Gain on sale of real estate held for development             --            151            151
   Other revenue                                               142             --            142
   Other expenses                                            2,301             --          2,301
   Income tax expense                                          353             51            404
   Segment profit                                              721            100            821

Three Months Ended June 30, 2000
--------------------------------
   Net interest income                                  $    1,588     $       --     $    1,588
   Gain on sale of real estate held for development             --             96             96
   Other revenue                                                88             --             88
   Other expenses                                            1,158             --          1,158
   Income tax expense                                          167             32            199
   Segment profit                                              351             64            415

   Segment assets as of June 30, 2000                      228,666            161        228,827
</TABLE>


                                       6
<PAGE>


<TABLE>
<CAPTION>
                                                                      Real Estate
                                                         Banking      Development        Total
                                                        ----------    -----------     ----------
<S>                                                     <C>            <C>            <C>
Six Months Ended June 30, 1999
------------------------------
   Net interest income                                  $    3,450     $       --     $    3,450
   Gain on sale of real estate held for development             --            336            336
   Other revenue                                               141             --            141
   Other expenses                                            2,389             --          2,389
   Income tax expense                                          515             --            515
   Segment profit                                              687            336          1,023

Three Months Ended June 30, 1999
--------------------------------
   Net interest income                                  $    1,735     $       --     $    1,735
   Gain on sale of real estate held for development             --            264            264
   Other revenue                                                72             --             72
   Other expenses                                            1,178             --          1,178
   Income tax expense                                          296             --            296
   Segment profit                                              333            264            597

   Segment assets as of June 30, 1999                      219,681          4,027        223,708
</TABLE>


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 six-month and three-month periods
ended June 30, 2000 and 1999.

<TABLE>
<CAPTION>
                                                  2000                            1999
                                                  ----                            ----
                                      Three Months    Six Months      Three Months    Six Months
                                     Ended June 30   Ended June 30   Ended June 30   Ended June 30
                                     -------------   -------------   -------------   -------------
<S>                                   <C>             <C>             <C>             <C>
    Net income as reported            $      415      $      821      $      597      $    1,023
    Weighted average common
      shares outstanding               1,486,414       1,533,904       1,963,021       1,961,125
                                      ----------      ----------      ----------      ----------

        Basic earnings per share      $      .28      $      .54      $      .30      $      .52
                                      ==========      ==========      ==========      ==========
</TABLE>

The effects of stock options and stock awards could potentially dilute basic
earnings per share in the future but were not included in the computation of
diluted earnings per share for the three-month and six-month periods ended June
30, 2000 or 1999 because to do so would have been anti-dilutive.


                                        7
<PAGE>


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.
(Company) and its wholly-owned subsidiaries, Park Federal Savings Bank (Bank)
and PBI Development Corporation, and the Bank's subsidiaries, at June 30, 2000
to its financial condition at December 31, 1999 and the results of operations
for the six-month and three-month periods ended June 30, 2000 to the same
periods in 1999. This discussion should be read in conjunction with the interim
financial statements and footnotes included herein.

FINANCIAL CONDITION

Total assets at June 30, 2000 were $228.8 million compared to $226.0 million at
December 31, 1999, an increase of $2.8 million. The growth in total assets was
primarily funded by securities sold under repurchase agreements. During the six
months ended June 30, 2000, loans increased $4.6 million while securities
available-for-sale decreased $1.5 million.

The allowance for loan losses was $500,000 at both June 30, 2000 and December
31, 1999. There were no impaired loans at either date.

Total liabilities at June 30, 2000 were $202.9 million compared to $198.7
million at December 31, 1999, an increase of $4.2 million, primarily due to
increases in repurchase agreements of $4.7 million. The increase was used to
help fund the growth in loans receivable and repurchase 190,300 shares of the
Company's common stock for treasury.

Stockholders' equity at June 30, 2000 was $25.9 million compared to $27.4
million at December 31, 1999, a decrease of $1.5 million. The decrease was
primarily attributable to the repurchase of 190,300 shares of the Company's
common stock and the declaration of dividends of $349,000, partially offset by
net income of $821,000.

RESULTS OF OPERATIONS

Net income decreased $182,000 to $415,000 for the quarter ended June 30, 2000
compared to the same period in 1999. Net income decreased $202,000 to $821,000
for the six months ended June 30, 2000 compared to the six months ended June 30,
1999. Fluctuations on net income are discussed below.

Net interest income was $1.6 million for the quarter ended June 30, 2000
compared to $1.7 million for the same period in 1999. Net interest income
decreased to $3.2 million for the six-month period ended June 30, 2000 compared
to $3.4 million for the same period in 1999. Although the Company's assets grew
during the period, the net interest margin decreased to 2.90% and 2.98% for the
three months and six months ended June 30, 2000, respectively, from 3.36% and
3.41% for the three months and six months ended June 30, 1999, respectively. The
decreases in interest margins are primarily due to higher market interest rates
and higher average balances of Federal Home Loan Bank advances in 2000 compared
to the same periods in 1999.

The provision for loan losses was zero for the quarters and six-month periods
ended June 30, 2000 and 1999. Management believes that the allowance is adequate
based on: the low level of past due loans in the portfolio; actual loss
experience; and current economic conditions. Most of the Company's loans are
secured by first mortgages.

Noninterest income decreased $152,000 to $184,000 and decreased $184,000 to
$293,000 for the three-month and six-month periods ended June 30, 2000,
respectively, compared to the same periods in 1999. These decreases are
primarily due to lower gains on sale of real estate held for development and
less miscellaneous income. Lot sales decreased in 2000 as a result of high
demand early in the project development stages during 1999 with few remaining
lots available in 2000.


                                        8
<PAGE>


Noninterest expense was $1.2 million for the quarters ended June 30, 2000 and
1999, and $2.3 million and $2.4 million for the six months ended June 30, 2000
and 1999, respectively. There were no significant changes in the various
categories of non-interest expense during these comparative periods.

The Company's federal income tax expense decreased $97,000 to $199,000 for the
quarter ended June 30, 2000 compared to the same period in 1999, while income
tax expense decreased $111,000 to $404,000 for the six-month period ended June
30, 2000 compared to the same period in 1999. Income tax expense was
approximately 33% of pre-tax income in each period.

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
June 30, 2000 was 60.36%.

At June 30, 2000, the Bank had $4.9 million in commitments to originate loans
and $2.5 million in standby letters of credit.

CAPITAL RESOURCES

The Bank is subject to capital-to-asset requirements in accordance with bank
regulations. The following table summarizes the Bank's regulatory capital
requirements versus actual capital as of June 30, 2000:

<TABLE>
<CAPTION>
                       ACTUAL                REQUIRED                EXCESS
                       AMOUNT        %        AMOUNT         %       AMOUNT           %
                       ------       ---       ------        ---      ------          ---
<S>                   <C>           <C>      <C>            <C>     <C>             <C>
Core capital          $ 24,596      11.3%    $  8,740       4.0%    $ 15,856         7.3%
Risk-based capital      25,096      28.2        7,109       8.0       17,987        20.2
</TABLE>


                                        9
<PAGE>


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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 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 purposes of the risk-based capital
requirement. As of March 31, 2000, the Bank's most recent sensitivity measure,
as measured by the OTS, resulting from a 200 basis point increase in interest
rates was (1.18)% and would result in a $3.2 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.

The following table shows the NPV and projected change in the NPV of the Bank at
March 31, 2000 assuming an instantaneous and sustained change in market interest
rates of 100, 200, and 300 basis points.

             INTEREST RATE SENSITIVITY OF NET PORTFOLIO VALUE (NPV)
<TABLE>
<CAPTION>

                                                                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>
   + 300 bp        $  19,426     $ (4,756)      (19.67)%       9.53%      -182 bp
   + 200 bp           21,025       (3,157)      (13.06)       10.16       -118 bp
   + 100 bp           22,657       (1,525)       (6.31)       10.79        -56 bp
       0 bp           24,182           --           --           --         --
   - 100 bp           25,219        1,037         4.29        11.68         34 bp
   - 200 bp           25,144          962         3.98        11.56         21 bp
   - 300 bp           24,863          681         2.82        11.34         -1 bp
</TABLE>

Management has not yet completed the computation of NPV as of June 30, 2000 but
estimates that the results would not be materially different than those
presented above.


                                       10
<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.

                  The annual meeting of stockholders was held on April 18, 2000.
                  David A. Remijas and Robert W. Krug were elected to three-year
                  terms as directors. In addition, the stockholders ratified the
                  selection of Crowe, Chizek and Company LLP as independent
                  public accountants for the Company for the year ending
                  December 31, 2000.

                  Directors of the Company whose terms of office continued after
                  meeting are as follows:

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 June 30, 2000.


                                       11
<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: August 11, 2000                     /s/ David A. Remijas
                                          --------------------------------------
                                          David A. Remijas
                                          President and Chief Executive Officer


Date: August 11, 2000                     /s/ Steven J. Pokrak
                                          --------------------------------------
                                          Steven J. Pokrak
                                          Treasurer and Chief Financial Officer


                                       12