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
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $18,611 | $10,242 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 6,654 | 5,109 |
| Depreciation and amortization | 1,793 | 1,681 |
| Stock-based compensation expense | 1,314 | 1,013 |
| Amortization of premiums and accretion of discounts on securities, net | 191 | 303 |
| Accretion of net deferred loan fees and costs, including premiums and discounts | (5,400) | (4,146) |
| Loss (gain) on call/sale of securities available-for-sale | — | 7 |
| Increase in cash surrender value of bank-owned life insurance | (1,496) | (1,673) |
| Deferred income tax | 1,963 | (807) |
| Amortization of core deposit intangible | 856 | 602 |
| Decrease in accrued interest receivable and other assets | 4,367 | 3,936 |
| (Decrease) in accrued interest payable and other liabilities | (7,363) | (1,537) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 21,490 | 14,730 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of available-for-sale securities | (11,591) | (179,488) |
| Maturities, calls and principal repayments of securities available-for-sale | 81,134 | 34,827 |
| Maturities, calls and principal repayments of securities held-to-maturity | 8 | 32 |
| Net decrease in loans | (2,090) | (10,898) |
| Cash received from acquisition | — | 7,866 |
| Purchases of premises and equipment | (889) | (1,525) |
| Purchases (redemption) of bank-owned life insurance | 2,798 | (2,873) |
| Purchases of equity method investments | (870) | (1,675) |
| Purchases of restricted bank stock | (291) | (319) |
| NET CASH PROVIDED BY (USED IN) INVESTMENT ACTIVITIES | 68,209 | (154,053) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net (decrease) increase in deposits | (56,432) | 114,127 |
| Cash dividends | (8,665) | (7,607) |
| Share redemption for tax withholding on restricted stock vesting | (228) | (249) |
| Purchase of treasury stock | (7,865) | (842) |
| Proceeds from exercise of stock options | 1,829 | 685 |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (71,361) | 106,114 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 18,338 | (33,209) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 117,348 | 150,557 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $135,686 | $117,348 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| SUPPLEMENTARY CASH FLOWS INFORMATION: | ||
| Interest paid | $61,608 | $50,175 |
| Income taxes paid | 2,252 | 1,820 |
| Net assets acquired from Cornerstone Bank | - | 303,476 |
| Net liabilities assumed from Cornerstone Bank | - | 288,971 |
| Property transferred to other real estate owned | - | 295 |
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