季報
季度報告
10-Q
2026-08-07
Princeton Bancorp第二季純利708萬美元 按年大增逾十倍
AI 繁中摘要
📊 Princeton Bancorp（BPRN）2026年第二季10-Q摘要
申報類型：10-Q（季度報告）
財政季度：截至2026年6月30日止三個月及六個月
💰 業績重點（未經審計）
• 第二季淨利潤：708萬美元（2025年同期僅68.8萬美元）
• 上半年（H1）淨利潤：1,331萬美元，按年大增119%（2025年H1為606.6萬美元）
• 第二季每股盈利（攤薄）：1.04美元（2025年同期：0.10美元）
• 上半年每股盈利（攤薄）：1.95美元（2025年同期：0.88美元）
📈 主要財務數據（截至2026年6月30日）
• 總資產：22.51億美元（2025年底：22.85億美元）
• 貸款總額（扣除遞延費用）：17.72億美元（2025年底：18.16億美元）
• 存款總額：19.36億美元（2025年底：19.76億美元）
• 股東權益：2.799億美元（2025年底：2.707億美元）
• 每股股息：0.35美元（2025年同期：0.30美元，按年增加約17%）
• 信貸損失撥備（第二季）：轉回35.3萬美元（2025年同期為撥備695.6萬美元）
🏦 資產負債表及信貸狀況
• 可供出售證券：2.615億美元（賬面成本2.69億美元）；2025年底為1.826億美元，期內增持約1.09億美元，主要為美國政府贊助企業（GSE）按揭抵押證券
• 不良貸款（非應計）：1,632萬美元（2025年底：1,658萬美元），輕微回落
• 逾期貸款總額：2,664萬美元（2025年底：2,391萬美元）
• 貸款信貸損失準備：1,996萬美元
• 未錄得任何可供出售證券信貸損失準備——認為美國政府擔保證券零信貸損失；州及地方政府債券最低評級為A級
🔍 管理層及營運摘要
• 銀行以新澤西州特許銀行營運，共有36間分行（主要服務新澤西州及賓夕凡尼亞州周邊地區），另於紐約設有兩間零售分行
• 期內購入3,370萬美元住宅貸款及2,710萬美元消費貸款，反映持續透過購買貸款提升資產收益
• 核心存款無形資產攤薄持續，期內攤銷38.2萬美元
• 整體貸款組合輕微縮減，商業房地產貸款由13.44億美元降至12.74億美元，但住宅一按貸款則由1.638億美元增至1.79億美元
📉 對投資者的潛在影響
• 盈利能力大幅改善：淨利潤按年倍增，
展開英文正文
10-Q 0001913971Q2false12-310001913971us-gaap:LoansReceivableMemberus-gaap:HomeEquityLoanMemberus-gaap:NonperformingFinancingReceivableMember2025-12-310001913971us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2025-12-310001913971bprn:SmallBusinessAssociationSbaSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:ConsumerPortfolioSegmentMember2025-04-012025-06-300001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:SpecialMentionMember2025-12-310001913971bprn:NewJerseyStateCharteredBankingInstitutionMember2026-01-012026-06-300001913971us-gaap:LoansReceivableMember2026-01-012026-06-300001913971us-gaap:ResidentialPortfolioSegmentMember2025-01-012025-06-300001913971us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2026-06-300001913971us-gaap:FinancialAssetPastDueMember2026-06-300001913971us-gaap:ConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001913971us-gaap:LoansReceivableMemberus-gaap:HomeEquityLoanMemberus-gaap:PerformingFinancingReceivableMember2025-12-310001913971bprn:MortgageServicingsRightsMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971bprn:CommercialAndIndustrialMemberus-gaap:LoansReceivableMember2025-12-310001913971us-gaap:LoansReceivableMemberus-gaap:PassMember2026-06-300001913971us-gaap:ConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001913971us-gaap:LoansReceivableMemberus-gaap:SubstandardMember2025-12-310001913971us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-3000019139712025-01-012025-06-300001913971us-gaap:ConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001913971us-gaap:TreasuryStockCommonMember2026-06-300001913971bprn:O2026Q3DividendsMemberus-gaap:SubsequentEventMember2026-07-222026-07-220001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310001913971us-gaap:AdditionalPaidInCapitalMember2025-01-012025-06-300001913971bprn:O2026Q3DividendsMemberus-gaap:SubsequentEventMember2026-07-220001913971us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:USStatesAndPoliticalSubdivisionsMember2026-01-012026-06-300001913971us-gaap:FairValueInputsLevel12And3Member2025-12-310001913971us-gaap:FairValueInputsLevel3Memberbprn:MortgageServicingsRightsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-3000019139712025-06-300001913971us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300001913971us-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001913971us-gaap:ConstructionMember2026-04-012026-06-300001913971bprn:FutureCashFlowMember2025-12-310001913971us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstateMember2025-12-310001913971us-gaap:ConsumerPortfolioSegmentMember2026-04-012026-06-300001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-3100019139712026-08-050001913971bprn:SmallBusinessAssociationSecuritiesMember2026-01-012026-06-300001913971bprn:CommercialAndIndustrialMemberus-gaap:LoansReceivableMemberus-gaap:PassMember2025-12-310001913971us-gaap:RestrictedStockUnitsRSUMemberus-gaap:EmployeeStockOptionMember2026-04-012026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:SubstandardMember2026-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2026-06-300001913971us-gaap:CommercialAndIndustrialSectorMember2026-04-012026-06-300001913971us-gaap:LoansReceivableMemberbprn:ResidentialFirstLienMortgageMemberus-gaap:PerformingFinancingReceivableMember2026-06-300001913971us-gaap:FairValueInputsLevel3Memberbprn:SmallBusinessAssociationSbaSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971bprn:MunicipalSecuritiesMember2026-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2026-03-310001913971bprn:SmallBusinessAssociationSbaSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971bprn:AccumulatedDeficitRetainedEarningsMember2025-06-300001913971us-gaap:ConstructionLoansMemberus-gaap:LoansReceivableMember2025-12-310001913971us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2025-01-012025-06-300001913971us-gaap:LoansReceivableMemberus-gaap:HomeEquityLoanMember2025-12-310001913971us-gaap:ConstructionLoansMemberus-gaap:LoansReceivableMember2026-06-300001913971us-gaap:PerformingFinancingReceivableMember2026-06-300001913971us-gaap:TreasuryStockCommonMember2026-03-310001913971us-gaap:ResidentialPortfolioSegmentMember2026-01-012026-06-300001913971us-gaap:CommercialRealEstateMember2025-01-012025-12-310001913971us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:ConsumerPortfolioSegmentMember2025-12-310001913971bprn:MortgageServicingsRightsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-01-012025-06-300001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:ConsumerPortfolioSegmentMember2026-06-300001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMember2025-12-310001913971us-gaap:LoansReceivableMemberbprn:CommercialAndIndustrialMemberus-gaap:SubstandardMember2026-06-300001913971us-gaap:CommercialAndIndustrialSectorMember2025-03-310001913971us-gaap:FairValueInputsLevel2Memberbprn:SmallBusinessAssociationSbaSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:CommercialAndIndustrialSectorMember2025-12-310001913971us-gaap:FairValueInputsLevel12And3Member2026-06-300001913971us-gaap:ConstructionMemberus-gaap:FinancialAssetPastDueMember2026-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300001913971us-gaap:PerformingFinancingReceivableMember2025-12-310001913971us-gaap:RealEstateMember2026-06-300001913971us-gaap:ConstructionMember2026-03-310001913971us-gaap:TreasuryStockCommonMember2026-04-012026-06-300001913971us-gaap:ConsumerPortfolioSegmentMember2025-03-310001913971bprn:CommercialAndIndustrialMemberus-gaap:LoansReceivableMemberus-gaap:SubstandardMember2025-12-310001913971us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2026-06-300001913971bprn:SmallBusinessAssociationSecuritiesMember2025-01-012025-12-310001913971us-gaap:ConstructionMember2025-06-300001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-06-300001913971us-gaap:ConsumerPortfolioSegmentMember2025-01-012025-06-300001913971us-gaap:ConstructionMember2024-12-310001913971us-gaap:TreasuryStockCommonMember2026-01-012026-06-300001913971us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2026-06-300001913971us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-01-012026-06-300001913971us-gaap:AdditionalPaidInCapitalMember2026-06-300001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMember2025-01-012025-12-310001913971us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:USStatesAndPoliticalSubdivisionsMember2025-12-310001913971us-gaap:TreasuryStockCommonMember2025-12-310001913971bprn:AccumulatedDeficitRetainedEarningsMember2026-01-012026-06-300001913971us-gaap:FairValueInputsLevel2Memberbprn:SmallBusinessAssociationSbaSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstateMember2025-12-310001913971us-gaap:AdditionalPaidInCapitalMember2025-06-300001913971us-gaap:ConsumerPortfolioSegmentMember2026-03-310001913971us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310001913971us-gaap:FairValueInputsLevel1Memberbprn:MortgageServicingsRightsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2025-12-3100019139712025-12-310001913971us-gaap:CoreDepositsMember2026-06-300001913971us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-12-310001913971us-gaap:LoansReceivableMemberus-gaap:HomeEquityLoanMemberus-gaap:PerformingFinancingReceivableMember2026-06-300001913971us-gaap:RestrictedStockUnitsRSUMemberus-gaap:EmployeeStockOptionMember2025-01-012025-06-300001913971us-gaap:MortgageBackedSecuritiesMember2026-06-300001913971us-gaap:TreasuryStockCommonMember2025-04-012025-06-300001913971us-gaap:CommercialAndIndustrialSectorMember2025-01-012025-06-300001913971us-gaap:USStatesAndPoliticalSubdivisionsMember2026-06-300001913971us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310001913971us-gaap:LoansReceivableMemberbprn:ResidentialFirstLienMortgageMemberus-gaap:PerformingFinancingReceivableMember2025-12-310001913971us-gaap:TreasuryStockCommonMember2025-03-310001913971us-gaap:ConstructionLoansMemberus-gaap:LoansReceivableMemberus-gaap:SpecialMentionMember2026-06-300001913971us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2026-06-300001913971us-gaap:LoansReceivableMemberbprn:ResidentialFirstLienMortgageMemberus-gaap:NonperformingFinancingReceivableMember2025-12-310001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMember2026-01-012026-06-300001913971us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2026-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2025-12-310001913971us-gaap:ConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300001913971us-gaap:ResidentialPortfolioSegmentMember2025-03-310001913971bprn:AccumulatedDeficitRetainedEarningsMember2024-12-310001913971us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001913971us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMember2026-06-3000019139712025-01-012025-12-310001913971us-gaap:FairValueInputsLevel2Member2025-12-310001913971us-gaap:ConstructionMember2025-04-012025-06-300001913971us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300001913971us-gaap:ConstructionMember2026-01-012026-06-300001913971us-gaap:FinancialAssetPastDueMember2025-12-310001913971us-gaap:CommercialAndIndustrialSectorMember2025-06-300001913971us-gaap:ConstructionLoansMemberus-gaap:LoansReceivableMemberus-gaap:PassMember2025-12-310001913971us-gaap:ConsumerPortfolioSegmentMember2026-01-012026-06-300001913971bprn:ResidentialLoanMember2025-01-012025-12-310001913971us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-12-310001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:ResidentialPortfolioSegmentMember2025-04-012025-06-300001913971us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-12-310001913971bprn:AccumulatedDeficitRetainedEarningsMember2026-03-310001913971us-gaap:FairValueInputsLevel2Memberbprn:MortgageServicingsRightsMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:FairValueInputsLevel2Memberbprn:MortgageServicingsRightsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:USTreasurySecuritiesMember2026-06-300001913971us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2026-01-012026-06-300001913971us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2026-06-300001913971us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001913971us-gaap:CommercialAndIndustrialSectorMember2026-03-310001913971us-gaap:ResidentialPortfolioSegmentMember2026-06-300001913971us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-12-310001913971us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300001913971us-gaap:ConstructionMember2025-12-3100019139712025-03-310001913971us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300001913971us-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300001913971us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300001913971us-gaap:ConstructionMember2025-03-310001913971us-gaap:LoansReceivableMemberus-gaap:PassMember2025-12-310001913971us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:ResidentialPortfolioSegmentMember2025-06-300001913971bprn:AccumulatedDeficitRetainedEarningsMember2025-12-310001913971bprn:ConsumerLoansMember2025-01-012025-12-310001913971us-gaap:FairValueInputsLevel3Memberbprn:MortgageServicingsRightsMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:CommercialRealEstateMember2026-01-012026-06-300001913971us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2026-06-300001913971bprn:ResidentialLoanMember2026-01-012026-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310001913971us-gaap:FairValueInputsLevel1Member2026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:HomeEquityLoanMemberus-gaap:NonperformingFinancingReceivableMember2026-06-3000019139712025-04-012025-06-300001913971us-gaap:ConstructionMember2025-01-012025-06-300001913971us-gaap:LoansReceivableMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstateMember2026-06-300001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971bprn:SmallBusinessAssociationSecuritiesMember2026-06-300001913971us-gaap:TreasuryStockCommonMember2025-01-012025-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2025-04-012025-06-300001913971us-gaap:ConsumerPortfolioSegmentMember2025-06-300001913971us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310001913971us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:FairValueInputsLevel3Member2025-12-3100019139712007-03-050001913971us-gaap:ConstructionMember2026-06-300001913971us-gaap:AdditionalPaidInCapitalMember2024-12-310001913971us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300001913971us-gaap:USStatesAndPoliticalSubdivisionsMember2025-01-012025-12-310001913971us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2025-12-310001913971us-gaap:LoansReceivableMemberbprn:CommercialAndIndustrialMemberus-gaap:PassMember2026-06-300001913971us-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971bprn:CommercialAndIndustrialMemberus-gaap:LoansReceivableMember2026-06-300001913971us-gaap:ConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300001913971bprn:AccumulatedDeficitRetainedEarningsMember2025-03-310001913971us-gaap:FairValueInputsLevel1Member2025-12-310001913971us-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300001913971us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2026-06-300001913971us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:FairValueInputsLevel3Memberbprn:SmallBusinessAssociationSbaSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001913971us-gaap:TreasuryStockCommonMember2025-06-300001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310001913971us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:ResidentialPortfolioSegmentMember2024-12-310001913971us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001913971us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2025-12-310001913971us-gaap:ResidentialPortfolioSegmentMember2026-03-310001913971us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstateMember2026-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310001913971us-gaap:ConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-3000019139712026-06-300001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-04-012026-06-300001913971us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001913971us-gaap:AdditionalPaidInCapitalMember2025-12-310001913971bprn:AccumulatedDeficitRetainedEarningsMember2025-04-012025-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2025-06-300001913971us-gaap:LoansReceivableMemberbprn:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2026-06-300001913971us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-01-012025-12-310001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMember2025-06-300001913971us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:RestrictedStockUnitsRSUMemberus-gaap:EmployeeStockOptionMember2026-01-012026-06-300001913971bprn:PrepaymentOfObligationMember2026-06-300001913971us-gaap:AdditionalPaidInCapitalMember2026-04-012026-06-300001913971us-gaap:LoansReceivableMemberbprn:ResidentialFirstLienMortgageMember2025-12-310001913971us-gaap:CommercialAndIndustrialSectorMember2026-01-012026-06-300001913971us-gaap:LoansReceivableMemberbprn:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2025-12-310001913971us-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310001913971bprn:AccumulatedDeficitRetainedEarningsMember2025-01-012025-06-300001913971us-gaap:LoansReceivableMemberus-gaap:SpecialMentionMember2026-06-300001913971us-gaap:TreasuryStockCommonMember2024-12-310001913971bprn:AccumulatedDeficitRetainedEarningsMember2026-04-012026-06-300001913971us-gaap:ConstructionLoansMemberus-gaap:LoansReceivableMemberus-gaap:SubstandardMember2026-06-300001913971us-gaap:USTreasurySecuritiesMember2026-01-012026-06-300001913971us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300001913971bprn:ConsumerLoansMember2026-01-012026-06-300001913971us-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001913971us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001913971us-gaap:USTreasurySecuritiesMember2025-12-310001913971us-gaap:LoansReceivableMemberbprn:ResidentialFirstLienMortgageMember2026-06-300001913971us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300001913971us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-12-310001913971us-gaap:LoansReceivableMember2025-12-310001913971us-gaap:AgencySecuritiesMember2026-06-300001913971us-gaap:AdditionalPaidInCapitalMember2026-03-310001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2026-04-012026-06-300001913971bprn:AccumulatedDeficitRetainedEarningsMember2026-06-300001913971us-gaap:LoansReceivableMember2025-01-012025-12-310001913971us-gaap:LoansReceivableMemberus-gaap:HomeEquityLoanMember2026-06-300001913971us-gaap:LoansReceivableMember2026-06-300001913971us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:PassMemberus-gaap:CommercialRealEstateMember2025-12-310001913971us-gaap:CommercialAndIndustrialSectorMember2026-06-300001913971us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2026-06-300001913971us-gaap:LoansReceivableMemberbprn:ResidentialFirstLienMortgageMemberus-gaap:NonperformingFinancingReceivableMember2026-06-300001913971us-gaap:LoansReceivableMemberus-gaap:PassMemberus-gaap:CommercialRealEstateMember2026-06-300001913971us-gaap:RestrictedStockUnitsRSUMemberus-gaap:EmployeeStockOptionMember2025-04-012025-06-3000019139712026-04-012026-06-300001913971us-gaap:AdditionalPaidInCapitalMember2025-03-310001913971us-gaap:USTreasurySecuritiesMember2025-01-012025-12-310001913971us-gaap:FairValueInputsLevel2Member2026-06-300001913971bprn:CommercialAndIndustrialMember2026-01-012026-06-300001913971bprn:SmallBusinessAssociationSecuritiesMember2025-12-310001913971us-gaap:ConstructionMemberus-gaap:FinancialAssetPastDueMember2025-12-310001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310001913971us-gaap:RealEstateMember2025-12-310001913971us-gaap:CommercialRealEstatePortfolioSegmentMember2026-01-012026-06-3000019139712026-03-310001913971bprn:FutureCashFlowMember2026-06-300001913971us-gaap:ConstructionLoansMemberus-gaap:LoansReceivableMemberus-gaap:PassMember2026-06-300001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-3000019139712024-12-310001913971us-gaap:ResidentialPortfolioSegmentMember2026-04-012026-06-300001913971us-gaap:CommercialAndIndustrialSectorMember2025-04-012025-06-300001913971us-gaap:FairValueInputsLevel3Member2026-06-300001913971us-gaap:ConsumerPortfolioSegmentMember2024-12-310001913971us-gaap:CommercialAndIndustrialSectorMember2024-12-310001913971us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001913971us-gaap:ResidentialPortfolioSegmentMember2025-12-310001913971us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialAndIndustrialSectorMember2025-12-310001913971bprn:CommercialAndIndustrialMember2025-01-012025-12-310001913971us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2026-06-300001913971us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300001913971us-gaap:AdditionalPaidInCapitalMember2026-01-012026-06-300001913971bprn:MortgageServicingsRightsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-3000019139712026-01-012026-06-30xbrli:purexbrli:sharesbprn:Loanbprn:Securitiesiso4217:USDxbrli:sharesbprn:Integerbprn:Branchesiso4217:USD UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-41589 PRINCETON BANCORP, INC. (Exact name of registrant as specified in its charter) Pennsylvania 88-4268702 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 183 Bayard Lane, Princeton, New Jersey 08540 (Address of principal executive offices) (Zip Code) (609) 921-1700 (Registrant’s telephone number, including area code) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, no par value BPRN Nasdaq Global Select Market 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 ☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒Yes ☐ No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☒ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ 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 5, 2026, there were 6,813,201 outstanding shares of the issuer’s common stock, no par value. TABLE OF CONTENTS PART I FINANCIAL INFORMATION Item 1 Financial Statements Unaudited Consolidated Statements of Financial Condition - June 30, 2026 and December 31, 2025 3 Unaudited Consolidated Statements of Income - three and six months ended June 30, 2026 and 2025 4 Unaudited Consolidated Statements of Comprehensive Income - three and six months ended June 30, 2026 and 2025 5 Unaudited Consolidated Statements of Changes in Stockholders’ Equity - three and six months ended June 30, 2026 and 2025 6 Unaudited Consolidated Statements of Cash Flows - six months ended June 30, 2026 and 2025 7 Notes to Unaudited Consolidated Financial Statements 8 Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3 Quantitative and Qualitative Disclosure about Market Risk 40 Item 4 Controls and Procedures 40 PART II OTHER INFORMATION Item 1 Legal Proceedings 41 Item 1A Risk Factors 41 Item 2 Unregistered Sale of Equity Securities and Use of Proceeds 41 Item 3 Defaults Upon Senior Securities 41 Item 4 Mine Safety Disclosures 41 Item 5 Other Information 41 Item 6 Exhibits 42 2 PART I–FINANCIAL INFORMATION Item 1. Financial Statements. PRINCETON BANCORP, INC. UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Dollars in thousands, except share data) June 30, 2026 December 31, 2025 ASSETS Cash and due from banks $ 16,729 $ 17,038 Interest-earning bank balances 31,036 19,309 Due from Federal Reserve Bank 18,425 99,339 Total cash and cash equivalents 66,190 135,686 Securities available-for-sale, at fair value (amortized cost $268,978 and $189,924 at June 30, 2026 and December 31, 2025, respectively) 261,491 182,569 Securities held-to-maturity (fair value $150 and $154 at June 30, 2026 and December 31, 2025, respectively) 149 153 Loans receivable, net of deferred fees and costs 1,771,500 1,816,416 Less: allowance for credit losses for loans (19,963 ) (20,325 ) Loan receivable, net 1,751,537 1,796,091 Bank-owned life insurance 71,912 70,888 Premises and equipment, net 17,082 16,900 Accrued interest receivable 7,530 7,797 Restricted investment in bank stock 2,345 2,366 Deferred taxes, net 16,893 16,857 Goodwill 14,381 14,381 Core deposit intangible 2,394 2,776 Operating lease right-of-use asset 19,465 20,121 Other assets 19,643 18,562 TOTAL ASSETS $ 2,251,012 $ 2,285,147 LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES Deposits: Non-interest-bearing $ 309,244 $ 286,013 Interest-bearing 1,626,448 1,690,180 Total deposits 1,935,692 1,976,193 Accrued interest payable 6,668 8,529 Operating lease liability 20,534 21,194 Other liabilities 8,195 8,519 TOTAL LIABILITIES 1,971,089 2,014,435 STOCKHOLDERS’ EQUITY: Preferred stock, no par value; 2,000,000 shares authorized and none outstanding at June 30, 2026 and at December 31, 2025 — — Common stock, no par value; 15,000,000 shares authorized, 7,099,127 shares issued and 6,813,201 outstanding at June 30, 2026; 7,042,206 shares issued and 6,765,530 outstanding at December 31, 2025 — — Paid-in capital 123,893 122,904 Treasury stock, at cost; 285,926 shares at June 30, 2026 and 276,676 shares at December 31, 2025 (9,034 ) (8,707 ) Retained earnings 170,424 161,780 Accumulated other comprehensive loss (5,360 ) (5,265 ) TOTAL STOCKHOLDERS’ EQUITY 279,923 270,712 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,251,012 $ 2,285,147 See accompanying notes to unaudited consolidated financial statements. 3 PRINCETON BANCORP, INC. UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (Dollars in thousands, except share data) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 INTEREST AND DIVIDEND INCOME Loans receivable, including fees $ 28,681 $ 29,620 $ 56,747 $ 59,244 Securities available-for-sale: Taxable 1,832 2,298 3,351 4,914 Tax-exempt 264 279 538 563 Securities held-to-maturity 2 2 4 4 Other interest and dividend income 877 557 2,087 1,326 TOTAL INTEREST AND DIVIDEND INCOME 31,656 32,756 62,727 66,051 INTEREST EXPENSE Deposits 11,616 13,933 23,829 28,471 Borrowings — 13 — 13 TOTAL INTEREST EXPENSE 11,616 13,946 23,829 28,484 NET INTEREST INCOME 20,040 18,810 38,898 37,567 Provision for (reversal of) credit losses (353 ) 6,956 (509 ) 7,224 NET INTEREST INCOME AFTER PROVISION FOR (REVERSAL OF) CREDIT LOSSES 20,393 11,854 39,407 30,343 NON-INTEREST INCOME Income from bank-owned life insurance 516 494 1,024 965 Fees and service charges 597 551 1,177 1,062 Loan fees, including prepayment penalties 908 703 1,436 1,378 Other 415 503 1,250 1,036 TOTAL NON-INTEREST INCOME 2,436 2,251 4,887 4,441 NON-INTEREST EXPENSE Salaries and employee benefits 7,153 7,093 14,178 14,265 Occupancy and equipment 2,252 2,147 4,644 4,432 Professional fees 974 721 1,734 1,482 Data processing and communications 1,581 1,543 3,208 3,169 Federal deposit insurance 300 415 600 948 Advertising and promotion 136 152 311 323 Office 136 238 267 348 Other real estate owned — — — 27 Core deposit intangible amortization 186 219 382 447 Other 928 981 1,737 1,860 TOTAL NON-INTEREST EXPENSE 13,646 13,509 27,061 27,301 INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 9,183 596 17,233 7,483 INCOME TAX EXPENSE (BENEFIT) 2,102 (92 ) 3,923 1,417 NET INCOME $ 7,081 $ 688 $ 13,310 $ 6,066 Earnings per common share-basic $ 1.04 $ 0.10 $ 1.96 $ 0.88 Earnings per common share-diluted $ 1.04 $ 0.10 $ 1.95 $ 0.88 See accompanying notes to unaudited consolidated financial statements. 4 PRINCETON BANCORP, INC. UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 NET INCOME $ 7,081 $ 688 $ 13,310 $ 6,066 Other comprehensive income Unrealized gains (losses) arising during period on securities available-for-sale 1,049 821 (131 ) 2,648 Net unrealized gain (loss) income 1,049 821 (131 ) 2,648 Tax effect (299 ) (234 ) 36 (750 ) Total other comprehensive income (loss) 750 587 (95 ) 1,898 COMPREHENSIVE INCOME $ 7,831 $ 1,275 $ 13,215 $ 7,964 See accompanying notes to unaudited consolidated financial statements. 5 PRINCETON BANCORP, INC. CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Dollars in thousands, except share data) Accumulated Other Common Paid-in Treasury Retained Comprehensive Stock Capital Stock Earnings Loss Total Three Months Ended June 30, 2026 and 2025 Balance, April 1, 2025 $ — $ 120,452 $ (1,005 ) $ 155,170 $ (7,630 ) $ 266,987 Net income — — — 688 — 688 Other comprehensive income — — — — 587 587 Treasury stock repurchases (173,403 shares) — — (5,480 ) — — (5,480 ) Stock options exercised (50,000 shares) — 899 — — — 899 Dividends declared ($0.30 per share) — — — (2,057 ) — (2,057 ) Dividend reinvestment plan (1,072 shares) — 33 — (33 ) — — Stock-based compensation expense — 322 — — — 322 Balance, June 30, 2025 $ — $ 121,706 $ (6,485 ) $ 153,768 $ (7,043 ) $ 261,946 Balance, April 1, 2026 $ — $ 122,988 $ (8,762 ) $ 165,483 $ (6,110 ) $ 273,599 Net income — — — 7,081 — 7,081 Other comprehensive income — — — — 750 750 Treasury stock repurchases (7,750 shares) — — (272 ) — — (272 ) Stock options exercised (23,647 shares) — 520 — — — 520 Dividends declared ($0.35 per share) — — — (2,103 ) — (2,103 ) Dividend reinvestment plan (1,051 shares) — 37 — (37 ) — — Stock-based compensation expense — 348 — — — 348 Balance, June 30, 2026 $ — $ 123,893 $ (9,034 ) $ 170,424 $ (5,360 ) $ 279,923 Accumulated Other Common Paid-in Treasury Retained Comprehensive stock Capital Stock Earnings Loss Total Six Months Ended June 30, 2026 and 2025 Balance, January 1, 2025 $ — $ 119,908 $ (842 ) $ 151,915 $ (8,941 ) $ 262,040 Net income — — — 6,066 — 6,066 Other comprehensive income — — — — 1,898 1,898 Treasury stock repurchases (178,653 shares) — — (5,643 ) — — (5,643 ) Stock options exercised (71,300 shares) — 1,342 — — — 1,342 Share redemption for tax withholding on restricted stock vesting — (227 ) — — — (227 ) Dividends declared $0.60 per share — — — (4,149 ) — (4,149 ) Dividend reinvestment plan (2,066 shares) — 64 — (64 ) — — Stock-based compensation expense — 619 — — — 619 Balance, June 30, 2025 $ — $ 121,706 $ (6,485 ) $ 153,768 $ (7,043 ) $ 261,946 Balance, January 1, 2026 $ — $ 122,904 $ (8,707 ) $ 161,780 $ (5,265 ) $ 270,712 Net income — — — 13,310 — 13,310 Other comprehensive loss — — — — (95 ) (95 ) Treasury stock repurchases (9,250 shares) — — (327 ) — (327 ) Stock options exercised (25,147 shares) — 561 — — — 561 Share redemption for tax withholding on restricted stock vesting — (246 ) — — — (246 ) Dividends declared $0.70 per share — — — (4,593 ) — (4,593 ) Dividend reinvestment plan (2,104 shares) — 73 — (73 ) — — Stock-based compensation expense — 601 — — — 601 Balance, June 30, 2026 $ — $ 123,893 $ (9,034 ) $ 170,424 $ (5,360 ) $ 279,923 See accompanying notes to unaudited consolidated financial statements. 6 PRINCETON BANCORP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Six Months Ended June 30, 2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 13,310 $ 6,066 Adjustments to reconcile net income to net cash provided by operating activities: Provision for (reversal of) credit losses (509 ) 7,224 Depreciation and amortization of premises and equipment 917 894 Stock-based compensation expense 601 619 Amortization of premiums and accretion of discounts on securities, net 4 142 Accretion of net deferred loan fees and costs (2,763 ) (2,600 ) Increase in cash surrender value of bank-owned life insurance (1,024 ) (965 ) Deferred income tax expense (benefit) (36 ) 743 Amortization of core deposit intangible 382 447 (Increase) decrease in accrued interest receivable and other assets (121 ) 90 Decrease in accrued interest payable and other liabilities (2,941 ) (8,267 ) NET CASH PROVIDED BY OPERATING ACTIVITIES 7,820 4,393 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of available-for-sale securities (109,380 ) (11,590 ) Maturities, calls and principal repayments of securities available-for-sale 30,322 36,504 Maturities, calls and principal repayments of securities held-to-maturity 4 4 Decrease in loans, net of repayments 108,777 18,229 Purchase of loans (60,855 ) (45,800 ) Purchases of premises and equipment (1,099 ) (451 ) Exchange of bank-owned life insurance — 2,798 Purchases of equity method investments — (670 ) Redepmtions (purchases) of restricted bank stock 21 (741 ) NET CASH USED IN INVESTMENT ACTIVITIES (32,210 ) (1,717 ) CASH FLOWS FROM FINANCING ACTIVITIES Net decrease in deposits (40,501 ) (100,253 ) Proceeds from overnight borrowings — 10,000 Cash dividends (4,593 ) (4,149 ) Share redemption for tax withholding on restricted stock vesting (246 ) (227 ) Purchase of treasury stock (327 ) (5,643 ) Proceeds from exercise of stock options 561 1,342 NET CASH USED IN FINANCING ACTIVITIES (45,106 ) (98,930 ) NET DECREASE IN CASH AND CASH EQUIVALENTS (69,496 ) (96,254 ) CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 135,686 117,348 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 66,190 $ 21,094 SUPPLEMENTARY CASH FLOWS INFORMATION: Interest paid $ 25,690 $ 34,230 Income taxes paid $ 3,938 $ 2,694 Increase in ROU leases $ 860 $ — See accompanying notes to unaudited consolidated financial statements. 7 PRINCETON BANCORP, INC. Notes to Consolidated Financial Statements (unaudited) Note 1 – Summary of Significant Accounting Policies Organization and Nature of Operations The Bank of Princeton (the “Bank”) was incorporated on March 5, 2007, under the laws of the State of New Jersey and is a New Jersey state-chartered banking institution. The Bank was granted its bank charter on April 17, 2007, commenced operations on April 23, 2007, and is a full-service bank providing personal and business lending and deposit services. As a state-chartered bank, the Bank is subject to regulation by the New Jersey Department of Banking and I