---
schema_version: "secwatch.filing_event.v1"
accession: "0002039852-25-000004"
form_type: "8-K"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T17:54:31.408421+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bancorp updates on bridge lending: $12.3M non-accrual repaid at par, sells $82M portfolio without principal loss

## Summary
- On Jan 2, 2025, a $12.3 million classified non-accrual loan was repaid at par after sale of underlying collateral in Plainfield, NJ; no loss recognized.
- On Dec 31, 2024, The Bancorp Bank sold an $82 million real estate bridge loan portfolio, including a $32.5 million current classified loan.
- No principal loss on sale; $1.26 million of accrued interest was reversed. Bank provided financing to buyer with 25% payment guaranty.
- Look-through LTVs of underlying properties are ≤57% as-is and ≤55% as-stabilized, based on recent appraisals and leverage provided.

## SEC filing metadata
- accession: 0002039852-25-000004
- form_type: 8-K
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000004/0002039852-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000004/bancorp8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002039852-25-000004
- JSON: https://secwatch.observer/filing/0002039852-25-000004.json
- Plain text: https://secwatch.observer/filing/0002039852-25-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.