$BPRN
Princeton Bancorp, Inc.

2024 Q2 Form 10-Q Financial Statement

#000119312524138317 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $29.41M $28.07M
YoY Change 27.79% 36.16%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $1.404M $1.160M
YoY Change 6.53% -10.77%
% of Gross Profit
Depreciation & Amortization $518.0K $530.0K
YoY Change 7.92% 20.18%
% of Gross Profit
Operating Expenses $1.404M $1.160M
YoY Change 6.53% -10.77%
Operating Profit
YoY Change
Interest Expense $13.44M $12.62M
YoY Change 82.81% 219.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $6.164M $5.411M
YoY Change -11.3% -32.35%
Income Tax $1.038M $1.066M
% Of Pretax Income 16.84% 19.7%
Net Earnings $5.126M $4.345M
YoY Change -24.48% -28.74%
Net Earnings / Revenue 17.43% 15.48%
Basic Earnings Per Share $0.81 $0.69
Diluted Earnings Per Share $0.80 $0.68
COMMON SHARES
Basic Shares Outstanding 6.319M 6.337M
Diluted Shares Outstanding 6.417K 6.418K

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $151.3M $172.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $14.08M $14.12M
YoY Change -3.65% 21.03%
Goodwill $8.853M $8.853M
YoY Change -0.53% 0.0%
Intangibles
YoY Change
Long-Term Investments $9.426M $9.051M
YoY Change
Other Assets $11.10M $11.61M
YoY Change -12.63% 49.09%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.984B $1.988B
YoY Change 7.65% 25.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.05M $11.83M
YoY Change 78.19% 447.73%
Accrued Expenses $23.02M $23.64M
YoY Change -3.3% 43.59%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $34.06M $35.47M
YoY Change 13.54% 90.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.965M $5.099M
YoY Change -47.21% 5.77%
Total Long-Term Liabilities $5.965M $5.099M
YoY Change -47.21% 5.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.06M $35.47M
Total Long-Term Liabilities $5.965M $5.099M
Total Liabilities $1.739B $1.746B
YoY Change 7.74% 28.39%
SHAREHOLDERS EQUITY
Retained Earnings $155.1M $151.9M
YoY Change 10.53% 12.14%
Common Stock $99.18M $98.31M
YoY Change 2.14% 1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $244.8M $241.8M
YoY Change
Total Liabilities & Shareholders Equity $1.984B $1.988B
YoY Change 7.65% 25.4%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $5.126M $4.345M
YoY Change -24.48% -28.74%
Depreciation, Depletion And Amortization $518.0K $530.0K
YoY Change 7.92% 20.18%
Cash From Operating Activities $4.307M $4.827M
YoY Change -23.36% -32.83%
INVESTING ACTIVITIES
Capital Expenditures $375.0K $71.00K
YoY Change -54.27% -71.02%
Acquisitions
YoY Change
Other Investing Activities -$16.57M -$50.47M
YoY Change -121.39% 157.58%
Cash From Investing Activities -$16.95M -$50.54M
YoY Change -122.11% 154.76%
FINANCING ACTIVITIES
Cash Dividend Paid $1.899M
YoY Change 1.23%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.123M 67.22M
YoY Change -119.02% -396.43%
NET CHANGE
Cash From Operating Activities 4.307M 4.827M
Cash From Investing Activities -16.95M -50.54M
Cash From Financing Activities -8.123M 67.22M
Net Change In Cash -20.76M 21.51M
YoY Change -116.61% -160.89%
FREE CASH FLOW
Cash From Operating Activities $4.307M $4.827M
Capital Expenditures $375.0K $71.00K
Free Cash Flow $3.932M $4.756M
YoY Change -18.08% -31.48%

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CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
1866000
CY2024Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
1018
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
203000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
241808000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
4345000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
6097000
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
186000
CY2023Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
265000
CY2024Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
409000
CY2023Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
305000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
203000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
164000
CY2024Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-6000
CY2023Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-11000
CY2024Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
37000
CY2023Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
534000
CY2024Q1 bprn Increase In Cash Surrender Value Of Bank Owned Life Insurance
IncreaseInCashSurrenderValueOfBankOwnedLifeInsurance
380000
CY2023Q1 bprn Increase In Cash Surrender Value Of Bank Owned Life Insurance
IncreaseInCashSurrenderValueOfBankOwnedLifeInsurance
290000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
98000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-793000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
121000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
136000
CY2024Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
152000
CY2023Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-2052000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
28000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-227000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4827000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7186000
CY2024Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
28898000
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
345000
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1254000
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1144000
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
26000
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
2000
CY2024Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
22859000
CY2023Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
18840000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
71000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
245000
CY2024Q1 us-gaap Payments For Proceeds From Federal Reserve Bank Stock
PaymentsForProceedsFromFederalReserveBankStock
-12000
CY2023Q1 us-gaap Payments For Proceeds From Federal Reserve Bank Stock
PaymentsForProceedsFromFederalReserveBankStock
1553000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-50536000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19837000
CY2024Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
69879000
CY2023Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-55630000
CY2024Q1 bprn Repayment Of Overnight Borrowings
RepaymentOfOvernightBorrowings
0
CY2023Q1 bprn Repayment Of Overnight Borrowings
RepaymentOfOvernightBorrowings
-34500000
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1899000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1876000
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
33000
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
33000
CY2024Q1 bprn Share Redemption For Tax Witholding On Restricted Stock Vesting
ShareRedemptionForTaxWitholdingOnRestrictedStockVesting
249000
CY2023Q1 bprn Share Redemption For Tax Witholding On Restricted Stock Vesting
ShareRedemptionForTaxWitholdingOnRestrictedStockVesting
0
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
579000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
34000
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
297000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67219000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22676000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21510000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-35327000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
150557000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53351000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172067000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18024000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
9949000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
2818000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
724000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
653000
CY2024Q1 bprn Increase Decrease In Right Of Use Leases
IncreaseDecreaseInRightOfUseLeases
1808000
CY2023Q1 bprn Increase Decrease In Right Of Use Leases
IncreaseDecreaseInRightOfUseLeases
9799000
CY2024Q1 bprn Reclass Of Paid In Capital Related To Holding Company Formation
ReclassOfPaidInCapitalRelatedToHoldingCompanyFormation
0
CY2023Q1 bprn Reclass Of Paid In Capital Related To Holding Company Formation
ReclassOfPaidInCapitalRelatedToHoldingCompanyFormation
15095000
CY2024Q1 bprn Reclass Of Treasury Stock Related To Holding Company Formation
ReclassOfTreasuryStockRelatedToHoldingCompanyFormation
0
CY2023Q1 bprn Reclass Of Treasury Stock Related To Holding Company Formation
ReclassOfTreasuryStockRelatedToHoldingCompanyFormation
19452000
CY2024Q1 bprn Reclass Of Common Stock Related To Holding Company Formation
ReclassOfCommonStockRelatedToHoldingCompanyFormation
0
CY2023Q1 bprn Reclass Of Common Stock Related To Holding Company Formation
ReclassOfCommonStockRelatedToHoldingCompanyFormation
-34547000
CY2024Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2007-03-05
CY2024Q1 us-gaap Year Founded
YearFounded
2007
CY2024Q1 us-gaap Operations Commenced Date1
OperationsCommencedDate1
2007-04-23
CY2007Q2 bprn Number Of Branches Owned By The Entity
NumberOfBranchesOwnedByTheEntity
29
CY2024Q1 bprn Number Of Employees
NumberOfEmployees
211
CY2024Q1 bprn Number Of Full Time Employees
NumberOfFullTimeEmployees
209
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><div style="font-weight:bold;display:inline;">Estimates </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Because of uncertainties associated with estimating the amounts, timing and likelihood of possible outcomes, actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of acquired assets and liabilities, and evaluation of the potential impairment of goodwill. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Management believes that the allowance for credit losses is adequate as of March 31, 2024. While management uses current information to recognize losses on loans, future additions to the allowance for credit losses may be necessary based on changes in economic conditions in the market area or other factors. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for credit losses. Such agencies may require the Company to effect certain changes that result in additions to the allowance based on their judgments about information available to them at the time of their examinations. </div>
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><div style="font-weight:bold;display:inline;">Reclassifications </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation. </div>
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
66586000
CY2023 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
10216000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
91352000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
20096000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
226000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
4345000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
6097000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6328000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6257000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
4345000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
6097000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6328000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6257000
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
90
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
129
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6418
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6386
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
128974000
CY2024Q1 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
160000
CY2024Q1 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
11036000
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
118098000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
101335000
CY2023 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
233000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
10810000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
86682000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
11036000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
8698000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
117000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
67335000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
10099000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
76033000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
10216000
CY2024Q1 bprn Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositions
227
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
164
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
30
CY2024Q1 us-gaap Deposit Liabilities Collateral Issued Financial Instruments
DepositLiabilitiesCollateralIssuedFinancialInstruments
0
CY2023Q4 us-gaap Deposit Liabilities Collateral Issued Financial Instruments
DepositLiabilitiesCollateralIssuedFinancialInstruments
0
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1573556000
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1550133000
CY2024Q1 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
-2325000
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
-1798000
CY2024Q1 bprn Loans Receivable Including Deferred Fees And Cost
LoansReceivableIncludingDeferredFeesAndCost
1571231000
CY2023Q4 bprn Loans Receivable Including Deferred Fees And Cost
LoansReceivableIncludingDeferredFeesAndCost
1548335000
CY2024Q1 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0
CY2023Q1 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
18618000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
18492000
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
473000
CY2024Q1 us-gaap Federal Reserve Bank Stock
FederalReserveBankStock
1398000
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
589000
CY2024Q1 bprn Financing Receivable Allowance For Credit Loss And Off Balance Sheet
FinancingReceivableAllowanceForCreditLossAndOffBalanceSheet
19091000
CY2023Q4 bprn Financing Receivable Allowance For Credit Loss And Off Balance Sheet
FinancingReceivableAllowanceForCreditLossAndOffBalanceSheet
19081000
CY2024Q1 bprn Financing Receivable Nonaccrual With Allowance For Credit Loss
FinancingReceivableNonaccrualWithAllowanceForCreditLoss
150000
CY2024Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
1965000
CY2023Q4 bprn Financing Receivable Nonaccrual With Allowance For Credit Loss
FinancingReceivableNonaccrualWithAllowanceForCreditLoss
0
CY2023Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
6708000
CY2024Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
1569711000
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1573556000
CY2024Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2023Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
1542934000
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1550133000
CY2023Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
186000
CY2024Q1 bprn Financing Receivable Not Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivableNotPurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
302000000
CY2024Q1 bprn Increase Decrease In Reserve For Unfunded Liabilities
IncreaseDecreaseInReserveForUnfundedLiabilities
116000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16461000
CY2023Q1 bprn Financing Receivable Allowance For Credit Losses Current Expected Credit Loss Adoption
FinancingReceivableAllowanceForCreditLossesCurrentExpectedCreditLossAdoption
-301000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
344000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
3000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16507000
CY2023Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
265000
CY2023Q1 bprn Financing Receivable Not Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivableNotPurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
344000
CY2023Q1 bprn Increase Decrease In Reserve For Unfunded Liabilities
IncreaseDecreaseInReserveForUnfundedLiabilities
79000
CY2024Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6
CY2024Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
2100000
CY2023Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
9
CY2023Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
6700000
CY2024Q1 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
6405000
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
9051000
CY2024Q1 bprn Mortgage Servicing Rights At Carrying Value
MortgageServicingRightsAtCarryingValue
1383000
CY2024Q1 us-gaap Deposits
Deposits
1705620000
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
11831000
CY2023Q4 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
150557000
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
91352000
CY2023Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
193000
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1529843000
CY2023Q4 us-gaap Federal Reserve Bank Stock
FederalReserveBankStock
1410000
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
6089000
CY2024Q1 bprn Demand Non Interest Bearing Checking
DemandNonInterestBearingChecking
247056000
CY2024Q1 bprn Percentage Of Non Interest Bearing Deposit Liabilities
PercentageOfNonInterestBearingDepositLiabilities
0.1448
CY2023Q4 bprn Demand Non Interest Bearing Checking
DemandNonInterestBearingChecking
249282000
CY2023Q4 bprn Percentage Of Non Interest Bearing Deposit Liabilities
PercentageOfNonInterestBearingDepositLiabilities
0.1524
CY2024Q1 bprn Demand Interest Bearing Checking
DemandInterestBearingChecking
215364000
CY2024Q1 bprn Percentage Of Interest Bearing Deposit Liabilities
PercentageOfInterestBearingDepositLiabilities
0.1263
CY2023Q4 bprn Demand Interest Bearing Checking
DemandInterestBearingChecking
247939000
CY2023Q4 bprn Percentage Of Interest Bearing Deposit Liabilities
PercentageOfInterestBearingDepositLiabilities
0.1516
CY2024Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
149386000
CY2024Q1 bprn Percentage Of Deposits Savings Deposits
PercentageOfDepositsSavingsDeposits
0.0876
CY2023Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
146484000
CY2023Q4 bprn Percentage Of Deposits Savings Deposits
PercentageOfDepositsSavingsDeposits
0.0896
CY2024Q1 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
378652000
CY2024Q1 bprn Percentage Of Deposits Money Market Deposits
PercentageOfDepositsMoneyMarketDeposits
0.222
CY2023Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
354005000
CY2023Q4 bprn Percentage Of Deposits Money Market Deposits
PercentageOfDepositsMoneyMarketDeposits
0.2164
CY2024Q1 bprn Time Deposits250000 Or More
TimeDeposits250000OrMore
179479000
CY2024Q1 bprn Percentage Of Time Deposits250000 Or More
PercentageOfTimeDeposits250000OrMore
0.1052
CY2023Q4 bprn Time Deposits250000 Or More
TimeDeposits250000OrMore
173614000
CY2023Q4 bprn Percentage Of Time Deposits250000 Or More
PercentageOfTimeDeposits250000OrMore
0.1061
CY2024Q1 bprn Time Deposits Other
TimeDepositsOther
535683000
CY2024Q1 bprn Percentage Of Time Deposits Other
PercentageOfTimeDepositsOther
0.3141
CY2023Q4 bprn Time Deposits Other
TimeDepositsOther
464417000
CY2023Q4 bprn Percentage Of Time Deposits Other
PercentageOfTimeDepositsOther
0.2839
CY2024Q1 us-gaap Deposits
Deposits
1705620000
CY2024Q1 bprn Percentage Of Deposit Liabilities
PercentageOfDepositLiabilities
1
CY2023Q4 us-gaap Deposits
Deposits
1635741000
CY2023Q4 bprn Percentage Of Deposit Liabilities
PercentageOfDepositLiabilities
1
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
0
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
0
CY2024Q1 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
172067000
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
118098000
CY2024Q1 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
167000
CY2024Q1 us-gaap Notes Receivable Net
NotesReceivableNet
1552613000
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
8296000
CY2023Q4 us-gaap Deposits
Deposits
1635741000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
9162000
CY2024Q1 bprn Gross Carrying Amount Operating Lease Right Of Use Asset
GrossCarryingAmountOperatingLeaseRightOfUseAsset
23398000
CY2023Q4 bprn Gross Carrying Amount Operating Lease Right Of Use Asset
GrossCarryingAmountOperatingLeaseRightOfUseAsset
16026000
CY2024Q1 bprn New Lease Operating Lease Right Of Use Asset
NewLeaseOperatingLeaseRightOfUseAsset
1808000
CY2023Q4 bprn New Lease Operating Lease Right Of Use Asset
NewLeaseOperatingLeaseRightOfUseAsset
9799000
CY2024Q1 bprn Accumulated Amortization Operating Lease Right Of Use Asset
AccumulatedAmortizationOperatingLeaseRightOfUseAsset
2480000
CY2023Q4 bprn Accumulated Amortization Operating Lease Right Of Use Asset
AccumulatedAmortizationOperatingLeaseRightOfUseAsset
2427000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22726000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23398000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
23643000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
24280000
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y7M6D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0348
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3501000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3453000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3269000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2992000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2779000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15748000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
31742000
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8099000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
23643000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
987000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
665000
CY2024Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
48000
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000
CY2024Q1 us-gaap Lease Cost
LeaseCost
1035000
CY2023Q1 us-gaap Lease Cost
LeaseCost
667000
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
898000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
585000
CY2024Q1 us-gaap Goodwill
Goodwill
8900000
CY2024Q1 bprn Percentage Of Fair Value Of Reporting Unit Including Goodwill
PercentageOfFairValueOfReportingUnitIncludingGoodwill
0.50
CY2024Q1 bprn Percentage Of Probability Of Fair Value Of Reporting Unit Including Goodwill
PercentageOfProbabilityOfFairValueOfReportingUnitIncludingGoodwill
0.50
CY2024Q1 bprn Percentage Of Probability Of Fair Value Of Reporting Unit Including Goodwill
PercentageOfProbabilityOfFairValueOfReportingUnitIncludingGoodwill
0.50
CY2023Q4 us-gaap Goodwill
Goodwill
8853000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1422000
CY2024Q1 bprn Amortization Expense
AmortizationExpense
121000
CY2024Q1 us-gaap Goodwill
Goodwill
8853000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1301000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
314000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
353000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
274000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
195000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
165000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1301000
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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