Princeton Bancorp, Inc. (BPRN) SEC Filings & Earnings Calls

CRE concentration risk

“Total CRE loans represented 277% of total risk-based capital as of June 30, 2026, and 287% as of December 31, 2025, which were within the Bank’s internal limit of 400%, of total capital.”

Geographic concentration in California

“California represented 46% of total CREC loans as of both June 30, 2026, and December 31, 2025.”

Downside economic scenario sensitivity

“Management estimates that applying a 100% weighting to the downside scenario would have increased the ACL by approximately $72.1 million as of June 30, 2026.”

Loan portfolio contraction may signal weak demand or credit tightening.

“Net loans decreased $44.6 million, primarily commercial real estate and construction loans.”

Commercial real estate concentration

“The Company’s CRE loan portfolio, which includes multi-family, land, owner-occupied and non-owner-occupied CRE loans, was $1.32 billion or 72.6% of total loans of $1.82 billion at March 31, 2026.” · word for word

Interest rate risk

“The Federal Reserve maintained a restrictive monetary policy stance during the quarter, contributing to higher borrowing costs, modest tightening in credit availability, and continued pressure on interest-sensitive sectors, including commercial real estate.” · word for word

Deposit outflow risk

“Total deposits on March 31, 2026, decreased $33.5 million, or 1.70%, when compared to December 31, 2025.” · word for word

Deposit cost pressure persists despite improvement; deposit mix shift to higher-cost money market deposits partially offsets lower CD costs.

“Cost of funds decreased 38 bps YoY, but money market deposits increased $26.5M while non-interest-bearing demand deposits increased $17.2M.”

Non-performing assets stable at $16.5M, but credit provision reversal may not be sustainable if economic conditions worsen.

“Non-performing assets remained steady at $16.5 million at March 31, 2026 and December 31, 2025.”

High CRE concentration

“At December 31, 2025, we had approximately $1.34 billion of commercial real estate loans, which represented 73.9% of our total loan portfolio.” · word for word

Deposit outflow risk

“Total deposits decreased from $2.03 billion at December 31, 2024 to $1.98 billion at December 31, 2025, a decrease of $56.4 million, or 2.78%.” · word for word

Interest rate risk

“A sustained increase in market interest rates could adversely affect our earnings if our cost of funds increases more rapidly than our yield on our interest earning assets and compresses our net interest margin.” · word for word

Deposit outflows continue; total deposits down 2.78% YoY; non-interest-bearing demand deposits down $15M.

“Total deposits at December 31, 2025, decreased $56.4 million, or 2.78%, when compared to December 31, 2024.” · word for word

Net interest margin compression QoQ; down 26bp from Q3 2025; loan portfolio shrinking.

“Net interest margin for the fourth quarter of 2025 was 3.51%, a decrease of 26 basis points when compared to the third quarter of 2025.” · word for word

Credit Quality Deterioration

“The Company recorded a $6.6 million provision for credit losses for the nine months ended September 30, 2025 and recorded $4.7 million provision for credit losses for the nine months ended September 30, 2024.” · word for word

Loan Portfolio Concentration in CRE

“The Company's CRE loan portfolio, which includes multi-family, land, owner-occupied and non-owner-occupied CRE loans, was $1.35 billion or 75.3% of total loans of $1.79 billion at September 30, 2025.” · word for word

Deposit Outflow

“Total deposits on September 30, 2025, decreased $104.0 million, or 5.12%, when compared to December 31, 2024.” · word for word

Deposit outflows continue; total deposits decreased $104M since year-end 2024.

“Total deposits decreased $104.0 million, or 5.12%, when compared to December 31, 2024.”

Loan portfolio shrinking; net loans down $25.1M, particularly in construction and CRE.

“Decrease in net loans of $25.1 million, with construction loans down $54.2M and CRE down $32.0M.”