Bank of Princeton
Company Overview
The Bank of Princeton provides various banking products and services. It accepts various deposit products, including checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. The company also offers various loan products comprising commercial real estate and multi-family, commercial and industrial, construction, residential first-lien mortgage, paycheck protection program, home equity, and consumer loans. In addition, it provides debit and credit cards; and money orders, direct deposit, automated teller machines, cashier's checks, safe deposit boxes, wire transfers, night depository, remote deposit capture, savings bonds redemption, bank-by-mail, online and automated telephone banking, Internet banking, payroll-related services, and merchant credit card processing services. The company operates 21 branches in Princeton, including parts of Mercer, Somerset, Hunterdon, Ocean, Burlington, Camden, Gloucester, and Middlesex Counties in central New Jersey, as well as in additional areas in portions of Philadelphia, Montgomery, and Bucks counties in Pennsylvania. The Bank of Princeton was incorporated in 2007 and is headquartered in Princeton, New Jersey.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $19.16m | $14.7m | $17.11m | $14.7m | 89.27% | 100.00% |
| June 30, 2024 | $18.05m | $13.44m | $15.97m | $13.44m | 88.44% | 100.00% |
| March 31, 2024 | $17.43m | $12.62m | $15.45m | $12.62m | 88.61% | 100.00% |
Company Impact
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