The Bank of Princeton is headquartered in Princeton and is the 23rd largest bank in the state of New Jersey. It is also the 600th largest bank in the nation. It was established in 2007 and as of June of 2020, it had grown to 167 employees at 22 locations. The Bank of Princeton's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
Great Bank
I have been dealing with The Bank of Princeton for the past seven years. I have personal accounts and business accounts with the bank. During that time the service I have received has been exceptional. It has been a pleasure dealing with them in every respect. I have had the opportunity to work with three of their branches, and my experience has been top notch at all of them.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58513 |
| Year Established | 2007 |
| Employees | 167 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 6.19% |
| Annual Interest Income | $30.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $1.59B$1.36B |
| Loans | Q2 2020vs Q2 2019 | $1.33B$1.11B |
| Deposits | Q2 2020vs Q2 2019 | $1.36B$1.15B |
| Equity Capital | Q2 2020vs Q2 2019 | $202.2MM$189.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $13.3MM$12.4MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $2.4MM$2.7MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$44.00K |
