{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-129500","form_type":"8-K","ticker":"BPRN","cik":"0001913971","company_name":"Princeton Bancorp, Inc.","filed_at":"2025-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.459803+00:00","generated_at":"2026-05-20T08:53:05.416260+00:00","sec_items":["2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Princeton Bancorp takes $9.9M impairment charge on two CRE loans, after-tax hit of ($0.86)/share","bullets":["Net impairment charge of $9.9M on two non-performing commercial real estate loans as of May 28, 2025.","Approximately $2.4M of the charge was already reserved in the allowance for loan losses.","After-tax impact estimated at ($6.0M), or ($0.86) per diluted common share.","Lead bank is marketing the collateral properties; occupancy sufficient to cover day-to-day operations.","Non-performing assets totaled $26.5M at March 31, 2025, with $25.3M from these two loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-129500","json":"https://secwatch.observer/filing/0001193125-25-129500.json","markdown":"https://secwatch.observer/filing/0001193125-25-129500.md","text":"https://secwatch.observer/filing/0001193125-25-129500.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1913971/000119312525129500/0001193125-25-129500-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1913971/000119312525129500/d908282d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T08:53:05.416260+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"174d610ef5461d8cb9499b3799911d857f69cddd","claim":"Princeton Bancorp, Inc. announced a impairment with charges of $9.9 million affecting two commercial real estate loans.","evidence_excerpt":"Based on the bids received for such loans, on May 28, 2025, the Registrant’s Board of Directors, Chief Executive Officer and Chief Financial Officer concluded that a material charge for impairment to such loans is required under generally accepted accounting principles applicable to the Registrant. The amount of the net impairment charge is estimated to be $9.9 million","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1913971/000119312525129500/0001193125-25-129500-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$9.9 million"},{"label":"Affected area","value":"two commercial real estate loans"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}