Princeton Bancorp, Inc.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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FY2025 · Filed Mar 13, 2026
BPRN$44.54+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Financial Condition
(Dollars in thousands, except per share data)
| December 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $17,038 | $16,915 |
| Interest-earning bank balances | 19,309 | 16,729 |
| Due from Federal Reserve Bank | 99,339 | 83,704 |
| Total cash and cash equivalents | 135,686 | 117,348 |
| Securities available-for-sale, at fair value (amortized cost $189,924 and $259,658 at December 31, 2025 and December 31, 2024, respectively) | 182,569 | 247,171 |
| Securities held-to-maturity (fair value $154 and $162, at December 31, 2025 and December 31, 2024, respectively) | 153 | 161 |
| Loans receivable, net of deferred fees and costs | 1,816,416 | 1,818,875 |
| Less: allowance for credit losses | (20,325) | (23,657) |
| Loan receivable, net | 1,796,091 | 1,795,218 |
| Bank-owned life insurance | 70,888 | 72,111 |
| Premises and equipment, net | 16,900 | 17,804 |
| Accrued interest receivable | 7,797 | 7,975 |
| Restricted investment in bank stock | 2,366 | 2,075 |
| Deferred taxes, net | 16,857 | 20,276 |
| Goodwill | 14,381 | 14,381 |
| Core deposit intangible | 2,776 | 3,632 |
| Other real estate owned | — | 295 |
| Operating lease right-of-use asset | 20,121 | 21,903 |
| Other assets | 18,562 | 19,883 |
| TOTAL ASSETS | $2,285,147 | $2,340,233 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Deposits: | ||
| Non-interest-bearing | $286,013 | $300,972 |
| Interest-bearing | 1,690,180 | 1,731,653 |
| Total deposits | 1,976,193 | 2,032,625 |
| Accrued interest payable | 8,529 | 15,401 |
| Operating lease liability | 21,194 | 22,941 |
| Other liabilities | 8,519 | 7,226 |
| TOTAL LIABILITIES | 2,014,435 | 2,078,193 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, no par value; 2,000,000 shares authorized and none outstanding at December 31, 2025 and none authorized at December 31, 2024 | — | — |
| Common stock, no par value; 15,000,000 shares authorized, 7,042,206 shares issued and 6,765,530 outstanding at December 31, 2025; 6,910,693 shares issued and 6,883,193 outstanding at December 31, 2024 | — | — |
| Paid-in capital | 122,904 | 119,908 |
| Treasury stock, at cost of 276,676 shares at December 31, 2025 and 27,500 shares at December 31, 2024 | (8,707) | (842) |
| Retained earnings | 161,780 | 151,915 |
| Accumulated other comprehensive loss | (5,265) | (8,941) |
| TOTAL STOCKHOLDERS’ EQUITY | 270,712 | 262,040 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $2,285,147 | $2,340,233 |
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
| Year EndedDecember 31, | ||
|---|---|---|
| 2025 | 2024 | |
| INTEREST AND DIVIDEND INCOME | ||
| Loans receivable, including fees | $117,768 | $108,586 |
| Securities available-for-sale: | ||
| Taxable | 8,925 | 4,928 |
| Tax-exempt | 1,117 | 1,142 |
| Securities held-to-maturity | 8 | 9 |
| Other interest and dividend income | 2,734 | 8,281 |
| TOTAL INTEREST AND DIVIDEND INCOME | 130,552 | 122,946 |
| INTEREST EXPENSE | ||
| Deposits | 54,678 | 56,414 |
| Borrowings | 58 | — |
| TOTAL INTEREST EXPENSE | 54,736 | 56,414 |
| NET INTEREST INCOME | 75,816 | 66,532 |
| Provision for credit losses | 6,654 | 5,109 |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 69,162 | 61,423 |
| NON-INTEREST INCOME | ||
| (Loss) gain on call/sale of securities available-for-sale | — | (7) |
| Income from bank-owned life insurance | 1,999 | 1,673 |
| Fees and service charges | 2,192 | 1,945 |
| Loan fees, including prepayment penalties | 2,804 | 3,082 |
| Other | 1,472 | 1,462 |
| TOTAL NON-INTEREST INCOME | 8,467 | 8,155 |
| NON-INTEREST EXPENSE | ||
| Salaries and employee benefits | 27,775 | 26,037 |
| Occupancy and equipment | 8,734 | 8,207 |
| Professional fees | 3,338 | 2,575 |
| Data processing and communications | 6,477 | 5,378 |
| Federal deposit insurance | 1,593 | 1,145 |
| Advertising and promotion | 695 | 630 |
| Office expense | 578 | 621 |
| Other real estate expenses | 27 | 14 |
| Core deposit intangible | 856 | 602 |
| Acquisition-related expenses | — | 7,803 |
| Other | 3,874 | 3,750 |
| TOTAL NON-INTEREST EXPENSE | 53,947 | 56,762 |
| INCOME BEFORE INCOME TAX EXPENSE | 23,682 | 12,816 |
| INCOME TAX EXPENSE | 5,071 | 2,574 |
| NET INCOME | $18,611 | $10,242 |
| Earnings per common share-basic | $2.73 | $1.57 |
| Earnings per common share-diluted | $2.71 | $1.55 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.