UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20429

                                   Form 10-QSB

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended: June 30, 2005

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

           For the transition period from ____________ to ____________

                          Commission File No. 000-51338

                               PARKE BANCORP, INC.
        (Exact name of small business issuer as specified in its charter)

           New Jersey                                   65-1241959
-------------------------------             ------------------------------------
(State or other jurisdiction of             (IRS Employer Identification Number)
incorporation or organization)

             601 Delsea Drive, Washington Township, New Jersey 08080
             -------------------------------------------------------
                    (Address of principal executive offices)

                                  856-256-2500
                           ---------------------------
                           (Issuer's telephone number)

                                       N/A
              ----------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

     Check  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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        No   X
                                 -----     -----

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares  outstanding of each of the issuer's  classes of
common  equity as of the latest  practicable  date:  2,251,229  shares of common
stock outstanding as of August 8, 2005.

     Transitional Small Business Disclosure Format (check one): Yes    No X
                                                                   ---   ---

<PAGE>

                               PARKE BANCORP, INC.

                                   FORM 10-QSB

                       FOR THE QUARTER ENDED JUNE 30, 2005

                                      INDEX


Part I       FINANCIAL INFORMATION                                          Page
------                                                                      ----

Item 1.      Financial Statements...........................................  1
Item 2.      Management's Discussion and Analysis or Plan of Operation......  9
Item 3.      Controls and Procedures........................................ 14

Part II      OTHER INFORMATION
-------

Item 1.      Legal Proceedings.............................................. 15
Item 2.      Unregistered Sales of Equity Securities and Use of Proceeds.... 15
Item 3.      Default Upon Senior Securities................................. 15
Item 4.      Submission of Matters to a Vote of Security Holders............ 15
Item 5.      Other Information.............................................. 16
Item 6.      Exhibits....................................................... 16

SIGNATURES   ............................................................... 17

CERTIFICATIONS



<PAGE>

                          PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                       PARKE BANCORP, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 2005 AND DECEMBER 31, 2004


<TABLE>
<CAPTION>
                                                              June 30,        December 31,
                                                                2005             2004
                                                            -------------    -------------
                                                             (unaudited)
<S>                                                       <C>              <C>
ASSETS
Cash and cash due from banks                                $   7,900,025    $   1,780,280
Federal Funds sold                                              4,698,373           21,508
                                                            -------------    -------------
          Cash and cash equivalents                            12,598,398        1,801,788

Investment securities available for sale, at market value      19,823,041       24,042,802
Investment securities held to maturity, at amortized cost
     (market value $531,106 in 2005 and $540,740 in 2004)         546,948          547,632
                                                            -------------    -------------
          Total investment securities                          20,369,989       24,590,434

Restricted stock, at cost                                         797,700        1,064,200

Loans                                                         217,307,489      188,606,990
Less: allowance for loan losses                                (3,128,808)      (2,620,651)
                                                            -------------    -------------
          Total net loans                                     214,178,681      185,986,339

Bank premises and equipment, net                                3,155,271        3,247,179

Accrued interest receivable and other assets                    8,012,286        7,648,623
                                                            -------------    -------------

          Total assets                                      $ 259,112,325    $ 224,338,563
                                                            =============    =============
</TABLE>



See Notes to Consolidated Financial Statements








                                       1
<PAGE>

                       PARKE BANCORP, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 2005 AND DECEMBER 31, 2004


<TABLE>
<CAPTION>
                                                           June 30,       December 31,
                                                             2005             2004
                                                         -------------    -------------
                                                          (unaudited)
<S>                                                    <C>              <C>
LIABILITIES & SHAREHOLDERS' EQUITY

LIABILITIES

Deposits
     Noninterest-bearing demand                          $  19,701,690    $  15,960,444
     Interest-bearing                                      193,943,656      163,624,567
                                                         -------------    -------------
          Total deposits                                   213,645,346      179,585,011

Borrowed Funds                                               5,082,500        3,100,000
Federal Home Loan Bank Advances                             13,246,923       17,278,726

Accrued interest payable and other accrued liabilities       2,091,611        1,545,675
                                                         -------------    -------------

          Total liabilities                                234,066,380      201,509,412
                                                         -------------    -------------

COMMITMENTS AND CONTINGENCIES (Note 1)
SHAREHOLDERS' EQUITY
  Common  stock, $0.10 par value, 10,000,000 shares
   authorized; 2,251,229 shares issued and outstanding
   at June 30,  2005 and 2,175,559 shares issued and
   outstanding at December 31, 2004                            225,123          217,556
  Preferred stock, 1,000,000 shares authorized;
   no shares issued and outstanding at both dates                   --               --
  Additional paid-in capital                                20,017,250       19,390,102
  Retained earnings                                          4,928,728        3,292,697
  Accumulated other comprehensive income (loss)               (125,156)         (71,204)
                                                         -------------    -------------
          Total shareholders' equity                        25,045,945       22,829,151
                                                         -------------    -------------
          Total liabilities and shareholders' equity     $ 259,112,325    $ 224,338,563
                                                         =============    =============
</TABLE>



See Notes to Consolidated Financial Statements








                                       2

<PAGE>

                       PARKE BANCORP, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                For the three   For the three     For the six     For the six
                                                months ended    months ended     months ended    months ended
                                                June 30, 2005   June 30, 2004    June 30, 2005   June 30, 2004
                                                 -----------     -----------      -----------     -----------

<S>                                            <C>             <C>              <C>             <C>
INTEREST AND DIVIDEND INCOME
  Loans, including fees                          $ 3,800,932     $ 2,660,217      $ 7,200,053     $ 5,251,203
  Securities                                         297,130         174,165          594,378         330,576
  Federal funds sold                                   8,747           4,744            8,865          14,899
                                                 -----------     -----------      -----------     -----------
          Total interest and dividend income       4,106,809       2,839,126        7,803,296       5,596,678
                                                 -----------     -----------      -----------     -----------

INTEREST EXPENSE
  Deposits                                         1,359,485         807,404        2,475,365       1,660,574
  Federal Home Loan Bank Advances                    131,523          44,781          260,300          85,041
  Other borrowings                                    24,224           9,810           44,768          16,356
                                                 -----------     -----------      -----------     -----------
          Total interest expense                   1,515,232         861,998        2,780,433       1,761,971
                                                 -----------     -----------      -----------     -----------

          Net interest income                      2,591,577       1,977,128        5,022,863       3,834,707

PROVISION FOR LOAN LOSSES                            276,023         184,585          508,157         297,460
                                                 -----------     -----------      -----------     -----------

Net interest income after provision for losses     2,315,554       1,792,543        4,514,706       3,537,247
                                                 -----------     -----------      -----------     -----------

NON INTEREST INCOME
  Loan brokerage fees                                     --           3,975               --           3,975
  Service charges and other fee income               327,760         140,680          480,467         293,577
  Gain (Loss) on sale of securities                   (9,240)             --           (9,240)             --
                                                 -----------     -----------      -----------     -----------
          Total non-interest income                  318,520         144,655          471,227         297,552
                                                 -----------     -----------      -----------     -----------

NON INTEREST EXPENSES
  Compensation and benefits                          532,850         384,966        1,058,882         795,780
  Occupancy, equipment and data processing           203,250         198,587          398,328         431,438
  Marketing and business development                 100,690          56,106          134,517         101,319
  Professional services                              205,742          90,311          403,150         151,066
  Other operating expenses                            91,978         132,821          273,475         257,063
                                                 -----------     -----------      -----------     -----------
          Total non-interest expenses              1,134,510         862,791        2,268,352       1,736,666
                                                 -----------     -----------      -----------     -----------

INCOME BEFORE INCOME TAX EXPENSE                   1,499,564       1,074,407        2,717,581       2,098,133

INCOME TAX EXPENSE                                   595,550         419,100        1,081,550         819,500
                                                 -----------     -----------      -----------     -----------

NET INCOME                                       $   904,014     $   655,307      $ 1,636,031     $ 1,278,633
                                                 ===========     ===========      ===========     ===========

    NET INCOME PER COMMON SHARE
          Basic                                        $0.40           $0.31            $0.74           $0.59
                                                       =====           =====            =====           =====
          Diluted                                      $0.35           $0.26            $0.62           $0.51
                                                       =====           =====            =====           =====

    WEIGHTED AVERAGE SHARES OUTSTANDING
          Basic                                    2,246,881       2,149,282        2,225,946       2,147,944
                                                 ===========     ===========      ===========     ===========
          Diluted                                  2,613,168       2,545,940        2,623,624       2,521,828
                                                 ===========     ===========      ===========     ===========
</TABLE>

See Notes to Consolidated Financial Statements


                                       3

<PAGE>

                       PARKE BANCORP, INC. AND SUBSIDIARY
                       CONSOLIDATED STATEMENTS OF CHANGES
                             IN SHAREHOLDERS EQUITY
                     SIX MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (Unaudited)



<TABLE>
<CAPTION>
                                                          Additional                   Accumulated
                                                             Paid                          Other          Total
                                            Common            in          Retained     Comprehensive   Shareholders'
                                             Stock          Capital       Earnings     Income (Loss)      Equity
                                          ------------   ------------   ------------   -------------   ------------
<S>                                     <C>            <C>            <C>            <C>             <C>
Balance,  December 31, 2003               $    178,624   $ 19,185,351   $    570,939   $     57,639    $ 19,992,607
   Stock options and
     warrants exercised                          5,445         48,952             --             --          49,496
   Comprehensive income
     Net income as of June 30, 2004                 --             --      1,278,633             --       1,278,633
   Change in net unrealized loss on
     securities available for sale,
     net of reclassification adjustment
     and tax effects, if any                        --             --             --       (215,564)       (215,564)
                                                                                                       ------------
     Total comprehensive income                                                                           1,063,069
                                          ------------   ------------   ------------   ------------    ------------
Balance,  June 30, 2004                   $    179,168   $ 19,234,303   $  1,849,572   $   (157,871)   $ 21,105,172
                                          ============   ============   ============   ============    ============



Balance,  December 31, 2004               $    217,556   $ 19,390,102   $  3,292,697   $    (71,204)   $ 22,829,151
   Stock options and
    warrants exercised                           7,567        627,148             --             --         634,715

   Comprehensive income
     Net income as of June 30, 2005                 --             --      1,636,031             --       1,636,031
   Change in net unrealized loss on
     securities available for sale,
     net of reclassification adjustment
     and tax effects, if any                        --             --             --        (53,952)        (53,952)
                                                                                                       ------------
     Total comprehensive income                                                                           1,582,079
                                          ------------   ------------   ------------   ------------    ------------
Balance,  June 30, 2005                   $    225,123   $ 20,017,250   $  4,928,728   $   (125,156)   $ 25,045,945
                                          ============   ============   ============   ============    ============
</TABLE>



See Notes to Consolidated Financial Statements











                                       4
<PAGE>

                       PARKE BANCORP, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                     SIX MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                         2005            2004
                                                                     ------------    ------------
<S>                                                                <C>             <C>
OPERATING ACTIVITIES
Net income                                                           $  1,636,031    $  1,278,633
Adjustments to reconcile net income to net cash provided by
   Operating activities:
      Depreciation and amortization                                       131,860         118,735
      Provision for loan losses                                           508,157         297,460
      Net (accretion) amortization of investment
        premiums/discounts                                                (62,239)        (40,139)
      Realized losses on sale of securities                                 9,240              --
Changes in operating assets and liabilities:
   Increase in accrued interest receivable and other assets              (327,695)       (430,630)
   Increase in accrued interest payable and other liabilities             545,936         200,052
                                                                     ------------    ------------
      Net cash provided by operating activities                         2,441,290       1,424,113



INVESTING ACTIVITIES
   Purchases of investment securities available for sale               (1,982,500)     (4,479,797)
   Redemption (purchases) of restricted stock                             266,500        (287,000)
   Proceeds from sales of investment securities available for sale      5,092,053              --
   Proceeds from maturities (call) of investment securities
     available for sale                                                        --       1,000,000
   Principal payments on mortgage-backed securities                     1,073,971       1,232,083
   Net increase in loans                                              (28,700,499)    (19,479,326)
   Purchase of bank building and equipment                                (39,952)       (137,710)
                                                                     ------------    ------------
      Net cash used in investing activities                           (24,290,427)    (22,151,750)
                                                                     ------------    ------------


FINANCING ACTIVITIES
   Proceeds from issuance of common stock                                 634,715          49,496
   Net increase in other borrowings                                     1,982,500       2,590,000
   Net decrease in Federal Home Loan Bank Advances                     (4,031,803)        (30,336)
   Net increase in interest-bearing deposits                           30,319,089      17,218,612
   Net increase in noninterest bearing deposits                         3,741,246       3,035,362
                                                                     ------------    ------------
      Net cash provided by financing activities                        32,645,747      22,863,134
                                                                     ------------    ------------

INCREASE IN CASH AND CASH EQUIVALENTS                                  10,796,610       2,135,497

CASH AND CASH EQUIVALENTS, JANUARY 1,                                   1,801,788       4,267,256
                                                                     ------------    ------------

CASH AND CASH EQUIVALENTS, JUNE 30,                                  $ 12,598,398    $  6,402,753
                                                                     ============    ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
   Cash paid during the period for:
     Interest on deposits and borrowed funds                         $  2,360,893    $  1,742,946
                                                                     ============    ============
     Income taxes                                                    $  1,075,000    $    883,115
                                                                     ============    ============
</TABLE>



See Notes to Consolidated Financial Statements

                                       5
<PAGE>

                       PARKE BANCORP, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1.  GENERAL

Business

     Parke Bancorp, Inc.  ("Parke  Bancorp," or the "Company") is a bank holding
company  incorporated  under the laws of the State of New Jersey in January 2005
for the sole purpose of becoming the holding company of Parke Bank (the "Bank").
At the 2005 Annual Meeting of Shareholders held on May 10, 2005, shareholders of
the Bank  approved a proposal to  reorganize  the Bank into the holding  company
form of organization  in accordance  with a Plan of  Acquisition.  Parke Bancorp
recognized the assets and liabilities transferred at the carrying amounts in the
accounts  of  the  Bank  as  of  June  1,  2005,   the  effective  date  of  the
reorganization.  The accompanying  consolidated  financial  statements have been
prepared in accordance  with generally  accepted in the United States of America
and are  presented as if the exchange of shares  occurred as of January 1, 2004.
Pursuant to the Plan of Acquisition,  each  outstanding  share of Parke Bank was
converted  automatically  by operation  of law into one share of Parke  Bancorp.
Parke Bancorp had no activity prior to the  competition of this  reorganization.
Parke  Bancorp is  authorized to issue  10,000,000  shares of common stock,  par
value $0.10 per share and 1,000,000 share of serial  preferred  stock, par value
$0.10 per share. Options and warrants outstanding under the Bank's various Plans
were  converted  automatically  by operation of law into options and warrants to
purchase shares of Parke Bancorp on the same terms and conditions.

     The Bank is a commercial  bank,  which commenced  operations on January 28,
1999. The Bank is chartered by the New Jersey  Department of Banking and insured
by the Federal Deposit  Insurance  Corporation  ("FDIC").  Parke Bancorp and the
Bank maintain their principal offices at 601 Delsea Drive,  Washington Township,
New Jersey.  The Bank also conducts  business  through offices in Northfield and
Washington  Township,  New Jersey. The Bank also has a Loan Production Office in
Philadelphia, Pennsylvania maintained exclusively for loan production.

Financial Statements

     The  financial  statements  as of June 30, 2005 and for the three month and
six month periods ended June 30, 2005 and June 30, 2004 included herein have not
been  audited.  Comparison to 2004 year-end and interim  period  financial  data
relate to the  financial  condition  and  results of  operations  of Parke Bank.
Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with accounting  principles generally accepted
in the  United  States of  America  ("GAAP")  have been  condensed  or  omitted;
therefore,  these financial  statements  should be read in conjunction  with the
Bank's  audited  financial  statements and the notes thereto for the years ended
December 31, 2004 and 2003  included in the Bank's  Annual Report on Form 10-KSB
for the fiscal  year  ended  December  31,  2004,  as filed  with the FDIC.  The
accompanying  financial  statements  reflect all adjustments,  which are, in the
opinion of management,  necessary to present a fair statement of the results for
the  interim  periods  presented.  Such  adjustments  are of a normal  recurring
nature.  The results for the three months and six months ended June 30, 2005 are
not  necessarily  indicative  of the results  that may be expected  for the year
ending December 31, 2005 or any other periods.

Basis of Financial Statement Presentation

     The  financial  statements  include the  accounts of Parke  Bancorp and the
Bank.  All  significant   inter-company  accounts  and  transactions  have  been
eliminated.  Such  statements  have been prepared in accordance  with accounting
principles  generally  accepted  in the  United  States of America  and  general
practice within the banking industry.

Use of Estimates

     The  preparation  of  financial  statements  requires  management  to  make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities and the disclosure of contingent  assets and liabilities at the date
of the financial  statements  and the reported  amounts of revenues and expenses
during the reporting period. Actual results could differ from such estimates.


                                       6
<PAGE>

Investments

     The  Bank  has  identified  investment  securities  that  will be held  for
indefinite periods of time,  including securities that will be used as a part of
the Bank's  asset/liability  management  strategy and may be sold in response to
changes interest rates,  prepayments and similar  factors.  These securities are
classified as "available-for-sale" and are carried at fair value, with temporary
unrealized   gains  or  losses  reported  as  a  separate   component  of  other
comprehensive income (losses), net of the related income tax effect. Declines in
the fair value of the individual  available-for-sale securities below their cost
that are other than temporary result in write downs of the individual securities
to their fair value and are included in noninterest  income in the  consolidated
statements of  operations.  Factors  affecting the  determination  of whether an
other-than-temporary  impairment  has  occurred  include  a  downgrading  of the
security  by a rating  agency,  a  significant  deterioration  in the  financial
condition of the issuer,  or that the Bank would not have the intent and ability
to hold a security for a period of time  sufficient to allow for any anticipated
recovery in fair value.  The unrealized  losses that existed as of June 30, 2005
are the result of market changes in interest  rates since the  securities  where
purchased.  This factor  coupled  with the fact the Bank has both the intent and
ability  to hold  securities  for a period of time  sufficient  to allow for any
anticipated  recovery in fair value  substantiates that the unrealized losses in
the available-for-sale portfolio are temporary.

Commitments

     In  the  general  course  of  business,   there  are  various   outstanding
commitments to extend  credit,  such as letters of credit and  un-advanced  loan
commitments,  which are not reflected in the accompanying  financial statements.
Management  does  not  anticipate  any  material  losses  as a  result  of these
commitments.

Contingencies

     The  Company  is from  time to time a party to  routine  litigation  in the
normal course of its business.  Management  does not believe that the resolution
of  this  litigation  will  have a  material  adverse  effect  on the  financial
condition or results of operations of the Company. However, the ultimate outcome
of any such litigation,  as with litigation  generally,  is inherently uncertain
and it is possible that some litigation matters may be resolved adversely to the
Company.


NOTE 2.  EARNINGS PER SHARE

     Basic  earnings  per share is  computed  by dividing  income  available  to
holders of common stock (the numerator) by the weighted average number of common
shares outstanding (the denominator) during the period. Shares issued during the
period are  weighted  for the portion of the period that they were  outstanding.
The weighted  average number of common shares  outstanding  for the three months
ended June 30, 2005 and 2004 was 2,246,881 and 2,149,282,  respectively, and for
the six  months  ended  June 30,  2005 and 2004,  was  2,225,946  and  2,147,944
respectively.

     Diluted earnings per share are similar to the computation of basic earnings
per share  except that the  denominator  is  increased  to include the number of
additional  common  shares  that would  have been  outstanding  if the  dilutive
options and warrants  outstanding had been exercised.  The assumed conversion of
dilutive options and warrants resulted in 366,287 and 396,658  additional shares
for the three months period ended June 30, 2005 and 2004, respectively,  and for
the  six  months  ended  June  30,  2005  and  2004  was  397,678  and  373,884,
respectively.

     Both basic and diluted  earnings per share  computations  give  retroactive
effect to stock dividends declared and paid in December 2004.


NOTE 3.  STOCK-BASED EMPLOYEE COMPENSATION

     The Company has stock-based employee compensation plans. As permitted under
generally accepted accounting principles,  grants of options under the plans are
accounted for under the recognition  and  measurement  principles of APB Opinion
No. 25, Accounting for Stock Issued to Employees,  and related  Interpretations.
Because  options  granted  under  the plans had an  exercise  price  equal to or
greater  than the


                                       7
<PAGE>

market value of the underlying common stock on the date of grant, no stock-based
employee  compensation cost is included in determining net income. The following
table  illustrates the effect on net income and earnings per share for the three
and six months ended June 30, 2005 and 2004, if the Company had applied the fair
value recognition  provisions of Financial  Accounting  Standards Board ("FASB")
Statement  No.  123,  Accounting  for  Stock-Based  Employee  Compensation,   to
stock-based  employee  compensation.  Both basic and diluted  calculations  give
retroactive effect to stock dividends declared.

<TABLE>
<CAPTION>
                                     Three months ended June 30      Six months ended June 30
                                      2005             2004           2005            2004
                                     ----------      ----------     ----------      ----------
<S>                                <C>             <C>            <C>             <C>
Net income, as reported              $  904,014      $  655,307     $1,636,031      $1,278,633
Deduct total stock-based
compensation expense determined
under the fair value method for
all awards, net of related tax
effects                                      --              --        (90,000)        (34,800)
                                     ----------      ----------     ----------      ----------
Pro-forma net income                 $  904,014      $  655,307     $1,546,031      $1,243,833
                                     ==========      ==========     ==========      ==========

Basic earnings per share:
      As reported                         $0.40           $0.31          $0.74           $0.59
      Pro forma                           $0.40           $0.31          $0.69           $0.58

Diluted earnings per share:               $0.35           $0.26          $0.62           $0.51
      As reported                         $0.35           $0.26          $0.59           $0.49
      Pro forma
</TABLE>


NOTE 4.  REGULATORY RESTRICTIONS

     The Bank is subject to various regulatory  capital  requirements of federal
and state banking  agencies.  Failure to meet minimum capital  requirements  can
initiate  certain  mandatory and possibly  additional  discretionary  actions by
regulators  that,  if  undertaken,  could have a direct  material  effect on the
Company's  financial  statements.  Under  capital  adequacy  guidelines  and the
regulatory  framework for prompt corrective  action, the Bank must meet specific
capital guidelines that involve  quantitative  measures of assets,  liabilities,
and certain  off-balance  sheet items as calculated under regulatory  accounting
practices.  The Bank's capital  amounts and  classification  are also subject to
qualitative judgments by the regulators about components,  risk weightings,  and
other factors.

     Quantitative  measures established by regulation to ensure capital adequacy
require  the Bank to  maintain  minimum  amounts  and  ratios  (set forth in the
following  table) of total and Tier I capital (as defined in the regulations) to
risk-weighted assets (as defined), and of Tier I capital (as defined) to average
assets (as defined).

                                                           For Capital
                                     Actual             Adequacy Purpose
                                Amount    Ratio         Amount    Ratio
                                ------    -----         ------    -----
As of June 30, 2005:
-------------------
Total Risk Based Capital       $27,831     13%        $16,986      8%
(to Risk Weighted Assets)
     Tier 1 Capital             25,171     12%          8,493      4%
(to Risk Weighted Assets)
     Tier 1 Capital             25,171     10%          9,988      4%
(to Average Assets)


                                       8
<PAGE>

                                                         For Capital
                                     Actual           Adequacy Purpose
                                Amount   Ratio         Amount   Ratio
                                ------   -----         ------   -----
As of December 31, 2004:
-----------------------
Total Risk Based Capital       $21,764     15%        $11,670      8%
(to Risk Weighted Assets)
     Tier 1 Capital             19,935     14%          5,835      4%
(to Risk Weighted Assets)
     Tier 1 Capital             19,935     12%          6,574      4%
(to Average Assets)

Management  believes,  as of June 30, 2005 and December 31, 2004,  that the Bank
met all capital adequacy requirements to which it was subject. The Company's and
the  Bank's  actual  capital  at June  30,  2005  and  December  31,  2004  were
substantially the same as presented in the tables.


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Forward-Looking Statements

     The  Company  may from time to time make  written or oral  "forward-looking
statements"   including  statements  contained  in  this  Report  and  in  other
communications by the Company which are made in good faith pursuant to the "safe
harbor"  provisions  of the Private  Securities  Litigation  Reform Act of 1995.
These  forward-looking  statements,  such as statements of the Company's  plans,
objectives,   expectations,   estimates  and   intentions,   involve  risks  and
uncertainties and are subject to change based on various important factors (some
of which are beyond the Company's control). The following factors, among others,
could cause the Company's  financial  performance to differ  materially from the
plans,  objectives,  expectations,  estimates and  intentions  expressed in such
forward-looking statements: the strength of the United States economy in general
and  the  strength  of  the  local  economies  in  which  the  Company  conducts
operations;  the effects of, and changes in, trade, monetary and fiscal policies
and laws,  including  interest  rate  policies of the Board of  Governors of the
Federal  Reserve  System,   inflation,   interest  rate,   market  and  monetary
fluctuations;  the timely  development  of and  acceptance  of new  products and
services of the Company and the perceived  overall  value of these  products and
services by users,  including  the  features,  pricing  and quality  compared to
competitors' products and services;  the impact of changes in financial services
laws and regulations  (including laws concerning taxes, banking,  securities and
insurance);  technological changes;  acquisitions;  changes in consumer spending
and saving habits; and the success of the Company at managing the risks involved
in the foregoing.

     The Company  cautions that the foregoing  list of important  factors is not
exclusive.  The Company  also  cautions  readers not to place undue  reliance on
these forward-looking statements, which reflect management's analysis only as of
the date on which  they are given.  The  Company is not  obligated  to  publicly
revise  or  update  these  forward-looking   statements  to  reflect  events  or
circumstances  that arise after any such date.  Readers should  carefully review
the risk factors  described in other  documents  the Company  files from time to
time with the SEC, including quarterly reports on Form 10-QSB, annual reports on
Form 10-KSB and any current reports on Form 8-K.

General

     The Company's results of operations are dependent primarily on net interest
income,  which is the  difference  between  the  interest  income  earned on its
interest-earning assets, such as loans and securities,  and the interest expense
paid on its interest-bearing  liabilities,  such as deposits and borrowings. The
Company also generates non interest income such as service  charges,  bank owned
life insurance (BOLI), loan exit fees and other fees. The Company's non interest
expenses  primarily  consist of employee  compensation  and benefits,  occupancy
expenses,   marketing  expenses,  data  processing  costs  and  other  operating
expenses.  The  Company is also  subject to losses  from its loan  portfolio  if
borrowers fail to meet their  obligations.  The Company's  results of operations
are also significantly affected by general economic and competitive  conditions,
particularly  changes in market interest rates,  government policies and actions
of regulatory agencies.


                                       9
<PAGE>

  Three Months Ended June 30, 2005 Compared to Three Months Ended June 30, 2004
                                   (Unaudited)

     The following  discussion  compares the results of operations for the three
month period ended June 30, 2005  (unaudited)  to the results of operations  for
the three month period ended June 30, 2004  (unaudited).  This discussion should
be read in conjunction with the accompanying  financial  statements  (unaudited)
and  related  notes as well as the  financial  information  included in the 2004
annual report on Form 10KSB.

Results of Operations

     Net Income.  For the three months ended June 30, 2005,  net income  totaled
$904,014, compared to $655,307 for the three months ended June 30, 2004. Diluted
earnings  per share for the three  months  ended June 30,  2005  totaled  $0.35,
compared  to $0.26 per share for the same period of 2004.  Increased  net income
for the three months ended June 30, 2005 was attributable primarily to increases
in revenue (net interest income and non interest income) of $788,314,  partially
offset by an increase in the provision for loan losses of $91,438,  non-interest
expenses of $271,719, and an increase in tax expense of $176,450.

     Net Interest Income. Our primary source of earnings is net interest income,
which is the difference between income earned on  interest-earning  assets, such
as loans  and  investment  securities,  and  interest  expense  incurred  on the
interest-bearing sources of funds, such as deposits and borrowings. The level of
net interest income is determined  primarily by the average balances  ("volume")
and the  rate  spreads  between  the  interest-earning  assets  and our  funding
sources.

     Net  interest  income  for the three  months  ended June 30,  2005  totaled
$2,591,577, an increase of 31.1% over $1,977,128 for the three months ended June
30, 2004. The growth in loan balances are attributable to the increase.  The net
interest  margin  for the  three  month  period  ended  June 30,  2005 was 4.4%,
compared to 4.5% for the comparable period of 2004.

     Interest  income  increased by $1.3 million for the three months ended June
30,  2005,  primarily  as a result of an  increase  of $60.9  million in average
interest-earning  assets.  Average loans outstanding  increased by $53.7 million
and average investment  securities increased by $7.2 million.  Yields on earning
assets for the three months ended June 30, 2005  increased to 6.9% from 6.4% for
the same  period of 2004.  Interest  expense  increased  by  $653,234,  which is
primarily  attributable to average  interest-bearing  liabilities  increasing by
$58.3  million  coupled  with  a  general  rise  in  interest   rates.   Average
interest-bearing  deposits  increased  by $51.1  million and average  borrowings
increased by $7.2 million. The average rate paid on interest-bearing liabilities
increased  to 2.7% for the three  months  ended June 30,  2005 from 2.1% for the
same period of 2004.

     Noninterest Income.  Noninterest income increased $173,865,  or 120.2%, for
the three months ended June 30, 2005 to $318,520,  up from $144,655 for the same
period of 2004, reflecting mainly an increase in loan exit fees.

     Provision  for Loan Losses.  The provision for loan losses was $276,023 for
the three months  ended June 30, 2005,  compared to $184,585 for the same period
in 2004.  The  increase  in the  provision  for the 2005  period was due to loan
growth in 2005.

     Noninterest Expenses. For the three months ended June 30, 2005, noninterest
expenses increased by $271,719, or 31.5%, to $1.1 million,  compared to $862,791
for the same  period of 2004.  Increased  compensation  expenses  of 38.4%  were
related to personnel  costs for  staffing  increases to support loan and deposit
growth. In addition,  marketing costs increased for new promotional programs and
professional fees increased due to the formation of the holding company.

     Income  Taxes.  The Company  recorded  income tax expense of  $595,550,  on
income  before  taxes of  $1,499,564  for the three  months ended June 30, 2005,
resulting in an effective  tax rate of 39.7%,  compared to income tax expense of
$419,100  on income  before  taxes of  $1,074,407  for the same  period of 2004,
resulting in an effective tax rate of 39.0%.


                                       10
<PAGE>

                     Six Months Ended June 30, 2005 and 2004
                                   (Unaudited)

     The following  discussion  compares the results of  operations  for the six
months ended June 30, 2005  (unaudited) to the results of operations for the six
months ended June 30, 2004 (unaudited),  and the financial condition at June 30,
2005  (unaudited)  to  the  financial  condition  at  December  31,  2004.  This
discussion  should  be read  in  conjunction  with  the  accompanying  financial
statements  (unaudited)  and related notes as well as the financial  information
included in the 2004 annual report on Form 10KSB.

Results of Operations

     Net Income.  For the six months  ended June 30,  2005,  net income  totaled
$1,636,031,  compared  to  $1,278,633  for the six months  ended June 30,  2004.
Diluted  earnings  per share for the first  six  months of 2005  totaled  $0.62,
compared  to $0.51 per share for the same period of 2004.  Increased  net income
for the first six months of 2004 was  attributable  primarily  to  increases  in
revenue (net interest income and non interest  income) of $1,361,831,  partially
offset by an increase in the provision for loan losses of $210,697, non interest
expenses of $531,686, and an increase in tax expense of $262,050.

     Net Interest Income. Our primary source of earnings is net interest income,
which is the difference between income earned on  interest-earning  assets, such
as loans  and  investment  securities,  and  interest  expense  incurred  on the
interest-bearing sources of funds, such as deposits and borrowings. The level of
net interest income is determined  primarily by the average balances  ("volume")
and the  rate  spreads  between  the  interest-earning  assets  and our  funding
sources.

     Interest  income for the first six months of 2005 totaled $7.8 million,  an
increase of 39.4% over $5.6 million for the six months ended June 30, 2004.  The
net interest margin for the six month period ended June 30, 2005 was 4.4%, which
was the same for the comparable period of 2004.

     Interest income  increased by $2.2 million,  driven by an increase of $55.0
million in average  interest-earning assets. Average loans outstanding increased
by $48.5 million while average investment  securities increased by $6.5 million.
Yields on earning  assets for the period  ended June 30, 2005  increased to 6.8%
from  6.4% for the same  period  of 2004.  Interest  expense  increased  by $1.0
million.  Average  interest-bearing  liabilities  increased  by  $45.5  million.
Average  interest-bearing  deposits  increased  by  $37.3  million  and  average
borrowings  increased by $8.2 million. The average rate paid on interest-bearing
liabilities  increased  to 2.8% for the period ended June 30, 2005 from 2.3% for
the same period of 2004.

     Noninterest Income.  Noninterest income increased  $173,675,  or 58.4%, for
the six months  ended June 30, 2005 to $471,227,  up from  $297,552 for the same
period of 2004 due to additional loan exit fees in 2005.

     Provision  for Loan Losses.  The provision for loan losses was $508,157 for
the six months ended June 30, 2005,  compared to $297,460 for the same period in
2004.  The increase in the  provision for the 2005 period was due to loan growth
in 2005.

     Noninterest Expenses.  For the six months ended June 30, 2005,  noninterest
expenses increased by $531,686 or 30.6% to $2.3 million compared to $1.7 million
for the same period of 2004. An increase in  compensation  expenses of 33.1% was
related to  personnel  costs as a result of staffing  increases  in the loan and
deposit  areas,  compared  to the same  period  of 2004.  Professional  expenses
increased $252,084 or 166.9% due to reorganization and costs associated with the
formation of the Parke Bancorp.

     Income  Taxes.  The Company  recorded  income tax expense of  $1,081,550 on
income  before  taxes of $2.7  million for the six months  ended June 30,  2005,
resulting in an effective  tax rate of 39.8%,  compared to income tax expense of
$819,500  on income  before  taxes of $2.1  million for the same period of 2004,
resulting in an effective tax rate of 39.1%.


                                       11
<PAGE>

Financial Condition

     Total  assets  increased to $259.1  million at June 30,  2005,  compared to
$224.3 million at December 31, 2004,  increasing $34.8 million,  or 15.5%. Loans
outstanding  increased  $28.7  million,  or 15.2%.  Deposits  increased by $34.1
million,  or  19.0%.  Borrowed  funds  decreased  by  $2.0  million,  or  10.1%.
Shareholders' equity increased by $2.2 million, or 9.7%, driven by net income of
$1.6  million  for the six months  ended June 30,  2005,  partially  offset by a
decline in the market  value of  securities  classified  as  available  for sale
coupled with the exercise of warrants and options.

     The  increase  in  total  loans  was  primarily  due  to  increases  in the
commercial  category,  which grew by $27.6 million and totaled $194.9 million as
of June 30,  2005.  This  increase  is in line with the  Company's  management's
strategic plan and reflects  increased  origination  activity over the past year
and a strong local real estate market.  All other  categories of loans increased
in the aggregate by $1.1 million.

     Allowance  for Loan Losses.  The allowance for loan losses was $3.1 million
at June 30, 2005 as compared to $2.6 million at December 31, 2004.  The ratio of
the allowance for loan losses to total loans increased to 1.44% at June 30, 2005
from 1.39% at  December  31,  2004.  The  Company's  management  has  considered
non-performing  assets and other assets of concern in establishing the allowance
for loan losses.  The Company continues to monitor its allowance for loan losses
and will make future  additions or  reductions in light of the level of loans in
its  portfolio  and as economic  conditions  dictate.  The current  level of the
allowance for loan losses is a result of the Company's management  assessment of
the risks  within the  portfolio  based on the  information  revealed  in credit
reporting   processes.   The  Company  utilizes  a  risk-rating  system  on  all
commercial, business, agricultural, construction and multi-family and commercial
real estate  loans,  including  purchased  loans.  A periodic  credit  review is
performed on all types of loans to establish the necessary  reserve based on the
estimated risk within the portfolio.  This assessment of risk takes into account
the composition of the loan portfolio,  historical loss experience for each loan
category,  previous loan experience,  concentrations of credit, current economic
conditions and other factors that in management's judgment deserve recognition.

     Although  the  Company's   management   believes  that  it  uses  the  best
information available to determine the allowances,  unforeseen market conditions
could result in  adjustments  and net earnings being  significantly  affected if
circumstances differ substantially from the assumptions used in making the final
determinations.  Future  additions to the Company's  allowances  may result from
periodic loan,  property and collateral  reviews and thus cannot be predicted in
advance.

     Non-performing assets, expressed as a percentage of total assets, increased
to .3% at June 30, 2005, from .1% at December 31, 2004.

     At June 30, 2005,  the Company had $857,195 in  non-accruing  loans,  which
increased  from $240,816 in  non-accruing  loans at December 31, 2004.  One loan
became non-accrual during the quarter.

     Deposits.  Deposits  totaled  $213.6  million at June 30, 2005,  increasing
$34.1 million,  or 19.0%,  from the December 31, 2004 balance of $179.6 million.
The increase in deposits is  attributable to the Company's  management's  growth
strategy,  which includes significant marketing,  promotion and cross selling of
additional products to existing customers. In addition, the Company continued to
use brokered deposits as a funding source when needed.

     Included  in deposits  at June 30,  2005 and  December  31, 2004 were $67.3
million and $38.9 million, respectively, of brokered deposits.

     Borrowed  Funds.  Borrowed  funds  totaled  $18.3 million at June 30, 2005,
decreasing  $2.0 million,  or 10.1%,  from December 31, 2004.  This decrease was
attributable  to the  success of the  deposit  programs.  These  funds have been
obtained from the Federal Home Loan Bank ("FHLB")  through  overnight and longer
term advances and repurchase agreements from other sources.


                                       12
<PAGE>

Comparative Average Balances, Interest and Yields

The following  table  provides  information  regarding the average  balances and
yield/rates on interest-earning  assets and interest-bearing  liabilities during
the periods indicated:

<TABLE>
<CAPTION>
                                                                           Six Months Ended
                                          --------------------------------------------------------------------------------
                                                         June 30, 2005                            June 30, 2004
                                          --------------------------------------   ---------------------------------------
                                            Average         Interest       Annual    Average         Interest       Annual
                                            Balance      Income/Expense    Yield     Balance      Income/Expense    Yield
                                            -------      --------------    -----     -------      --------------    -----
<S>                                     <C>              <C>              <C>    <C>              <C>              <C>
Assets
Loans                                     $202,800,337     $7,200,053       7.1%   $154,347,949     $5,251,203       6.8%
Investment securities                       25,358,862        594,378       4.7      16,183,409        330,576       4.1
Federal funds sold                             644,783          8,865       2.7       3,200,331         14,899        .9
                                          ------------     ----------              ------------     ----------
Total interest-earning assets              228,803,982     $7,803,296       6.8     173,811,689     $5,596,678       6.4

Allowance for loan losses                   (2,846,968)                              (2,358,648)
Other assets                                13,894,143                               15,547,221
                                          ------------                             ------------
Total assets                              $239,851,157                             $187,000,262
                                          ============                             ============


Liabilities and shareholders' equity
Regular savings deposits                  $ 21,236,805     $  217,064       2.0%   $ 21,777,590     $  212,442       2.0%
NOW & money market savings                  27,783,614        241,976       1.7      28,893,819        215,828       1.5
Time deposits                              130,639,744      2,016,325       3.1      91,706,199      1,232,304       2.7
                                          ------------     ----------              ------------     ----------
Total interest-bearing deposits            179,660,163      2,475,365       2.8     142,377,608      1,660,574       2.3

Borrowed funds                              18,826,955        305,068       3.2      10,641,180        101,397       1.9
                                          ------------     ----------              ------------
Total interest-bearing liabilities         198,487,118     $2,780,433       2.8     153,018,788     $1,761,971       2.3
                                                           ==========                               ==========

Non interest-bearing demand deposits        15,649,898                               11,885,676
Other liabilities                            1,628,469                                1,389,551
Shareholders' equity                        24,085,672                               20,706,247
                                          ------------                              -----------
    Total liabilities and shareholders'
        Equity                            $239,851,157                             $187,000,262
                                          ============                             ============

Net interest income                                        $5,022,863                               $3,834,707
                                                           ==========                               ==========

Interest rate spread                                                        4.0%                                     4.1%

Net interest margin                                                         4.4%                                     4.4%
</TABLE>


Critical Accounting Policy

     The  Company's  financial   statements  are  prepared  in  accordance  with
accounting  principles  generally accepted in the United States of America.  The
financial  information  contained  within these  statements is, to a significant
extent,  financial  information  that  is used on  approximate  measures  of the
financial effects of transactions and events that have already  occurred.  Based
on its  consideration  of accounting  policies that involve the most complex and
subjective  decisions  and  assessments,  management  has  identified  its  most
critical  accounting policy to be related to the allowance for loan losses.  The
Company's  allowance for loan loss  methodology  incorporates  a variety of risk
considerations,  both  quantitative and qualitative in establishing an allowance
for loan loss that  management  believes is appropriate at each reporting  date.
Quantitative   factors  include  the  Company's   historical  loss   experience,
delinquency and charge-offs trends,  collateral values, changes in nonperforming
loans,  and  other  factors.   Quantitative   factors  also  incorporate   known
information about individual loans, including borrowers' sensitivity to increase
rate movements.  Qualitative factors include the general economic environment in
the Company's market area. Size and complexity of individual credits in relation
to loan structure, existing loan policies and pace of portfolio growth are other
qualitative  factors that are  considered  in the  methodology.  Management  may
report a materially  different  amount for the  provision for loan losses in the
statement  of  operations  to  change  the  allowance  for  loan  losses  if its
assessment of the above factors were  different.  This  discussion  and analysis
should be read in conjunction  with the Company's  financial  statements and the
accompanying  notes presented  elsewhere  herein, as well as the portion of this
Managements  Discussion  and  Analysis,  which  discusses the allowance for loan
losses in this section,  entitled


                                       13
<PAGE>

"Financial Condition." Although management believes the levels of this allowance
as of June 30,  2005 and  December  31,  2004 were  adequate  to  absorb  losses
inherent in the loan portfolio, a decline in local economic conditions, or other
factors, could result in increasing losses that can not be reasonably predicated
at this time.

Liquidity and Capital Resources

     Liquidity  describes  our ability to meet the  financial  obligations  that
arise out of the ordinary course of business.  Liquidity addresses the Company's
ability to meet deposit  withdrawals  on demand or at contractual  maturity,  to
repay borrowings as they mature,  and to fund current and planned  expenditures.
Liquidity is derived from  increased  repayment and income from  earning-assets.
The loan to deposit  ratio was 100.2% and 103.6% at June 30,  2005 and  December
31, 2004, respectively. Funds received from new and existing depositors provided
a large  source of liquidity  for the six month period ended June 30, 2005.  The
Company  seeks to rely  primarily  on core  deposits  from  customers to provide
stable and  cost-effective  sources of funding  to  support  local  growth.  The
Company also seeks to augment such deposits with longer term and higher yielding
certificates of deposit.  To the extent that retail deposits are not adequate to
fund customer loan demand,  liquidity  needs can be met in the short-term  funds
market.  Longer term funding can be obtained  through advances from the FHLB. As
of June 30, 2005, the Company  maintained lines of credit with the FHLB of $15.8
million.

     As of June 30, 2005, the Company's investment securities portfolio included
$9.2 million of  mortgage-backed  securities that provide  significant cash flow
each month. The majority of the investment  portfolio is classified as available
for sale, is readily  marketable,  and is available to meet liquidity needs. The
Company's   residential  real  estate  portfolio   includes  loans,   which  are
underwritten  to secondary  market  criteria,  accordingly  could be sold in the
secondary  mortgage market if needed as an additional  source of liquidity.  The
Company's management is not aware of any known trends,  demands,  commitments or
uncertainties  that are  reasonably  likely  to result in  material  changes  in
liquidity.

Capital

     A strong capital position is fundamental to support the continued growth of
the Company. The Company is subject to various regulatory capital  requirements.
Regulatory capital is defined in terms of Tier I capital  (shareholders'  equity
as adjusted for unrealized  gains or losses on  available-for-sale  securities),
Tier II capital (which  includes a portion of the allowance for loan losses) and
total capital (Tier I plus Tier II).  Risk-based capital ratios are expressed as
a percentage of  risk-weighted  assets.  Risk-weighted  assets are determined by
assigning  various weights to all assets and off-balance  sheet associated risk.
Regulators  have also adopted  minimum Tier I leverage  ratio  standards,  which
measure the ratio of Tier I capital to total assets.

     At June  30,  2005,  the  Company's  management  believes  that the Bank is
"well-capitalized"   and  in   compliance   with   all   applicable   regulatory
requirements.


ITEM 3.  CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

     Evaluation of disclosure controls and procedures. Based on their evaluation
of the  Company's  disclosure  controls  and  procedures  (as  defined  in  Rule
13a-15(e) under the Securities  Exchange Act of 1934, (the "Exchange Act")), the
Company's  principal  executive  officer and  principal  financial  officer have
concluded that as of the end of the period  covered by this Quarterly  Report on
Form 10-QSB,  such  disclosure  controls and  procedures are effective to ensure
that  information  required to be  disclosed  by the Company in reports  that it
files or submits under the Exchange Act is recorded,  processed,  summarized and
reported within the required time periods.

Internal Controls

     Changes in  internal  control  over  financial  reporting.  During the last
fiscal  quarter,  there was no change in the  Company's  internal  control  over
financial  reporting that has materially  affected,  or is reasonably  likely to
materially affect, the Company's internal control over financial reporting.

                                       14
<PAGE>

                           PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     On  December  27,  2004,  Republic  First  Bank  filed an action  captioned
Republic  First Bank v. Parke Bank and Vito S.  Pantilione in the Superior Court
of New Jersey Law Division,  Gloucester  County,  alleging,  among other things,
fraud, negligent  misrepresentation,  breach of fiduciary and breach of contract
in connection  with certain loans to two Parke Bank  customers in which Republic
First Bank  became a  participant.  Republic  First Bank is seeking  unspecified
damages and requesting that a receivership be appointed for certain  collateral.
The complaint in the action was served on us in January 2005.  The Bank filed an
answer to the complaint,  and the case is currently in the discovery  phase. The
Bank believes that the action is without merit and intends to vigorously  defend
against it.

     Other than the foregoing,  at June 30, 2005, the Company was not a party to
any material legal proceedings.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

     None.

ITEM 3.  DEFAULT UPON SENIOR SECURITIES

     None.

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

     (a) Election of Directors:

            Name                                   For      Withheld
            ---------------------------------   ---------   --------
            C. R. Pennoni                       2,042,958     3,106
            Daniel Dalton                       2,043,244     2,820
            Edward Infantolino                  2,043,508     2,556
            Richard Phalines                    2,043,508     2,556
            Vito S Pantilione                   2,043,508     2,556
            Arret Dobson                        2,043,508     2,556
            Jack Sheppard                       2,043,244     2,920
            Anthony Jannetti                    2,043,508     2,556
            Fred Choate                         2,043,508     2,556
            Thomas Hedenberg                    2,043,508     2,556
            Jeffrey Kripitz                     2,043,508     2,556
            Ray Tresch                          2,043,508     2,556

         (b)  Ratification of the appointment of McGladrey & Pullen,  LLP as the
         Bank's  independent  auditor for the fiscal year  ending  December  31,
         2005.

            For                 2,037,910
            Against                 1,560
            Abstain                 6,594

         (c)  Approval  of the Plan of  Acquisition  whereby  the  Bank  will be
         reorganized  into the holding  company  form of  organization  and will
         become a wholly-owned subsidiary of Parke Bancorp.

            For                 1,630,332
            Against                12,833
            Abstain                 1,100


                                       15
<PAGE>

ITEM 5.  OTHER INFORMATION

     None.

ITEM 6.  EXHIBITS

     31  Certifications  pursuant to 18 U.S.C.  ss.1350, as adopted pursuant to
         ss.302 of the Sarbanes-Oxley Act of 2002.

     32  Certification pursuant to 18 U.S.C. ss.1350, as adopted pursuant to
         ss.906 of the Sarbanes-Oxley Act of 2002.




















                                       16
<PAGE>

                                   SIGNATURES

     In accordance  with the  requirements  of the Exchange Act, the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                          PARKE BANCORP, INC.




Date: August 15, 2005                     /s/Vito S. Pantilione
`                                         --------------------------------------
                                          Vito S. Pantilione
                                          President and Chief Executive Officer
                                          (Principal Executive Officer)





Date: August 15, 2005                     /s/Ernest D. Huggard
                                          --------------------------------------
                                          Ernest D. Huggard
                                          Senior Vice President and
                                          Chief Financial Officer
                                          (Principal Accounting Officer)