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PKBK - Regional Banks Hanging In There Against Substantial Headwinds
Parke Bancorp Inc.
Well, half of my Community Bank portfolio released their First Quarter Report. The banks seemed to hold up pretty well although only one month of the shutdown was incorporated into the first quarter. The banks reporting were First National Virginia (FXNC), Katahdin Bankshares (KTHN), Logansport Financial (LOGN), Oregon Bancorp (ORBN), and Parke Bancorp (PKBK). To be honest, I was more interested in the President's letter to shareholders than the results. I thought this might give us some insight into the rest of the year. Obviously