Princeton Bancorp Inc. has announced a material impairment charge related to two commercial real estate loans, amounting to a net charge of approximately $9.9 million. This decision follows the delinquency of these loans, which represent a significant portion of the company's non-performing assets totaling $26.5 million as of March 31, 2025. The impairment charge is expected to have an after-tax effect of approximately $6.0 million on the company's consolidated statements of income, equating to a loss of $0.86 per diluted common share. The lead bank involved in these loans is currently in the process of marketing the collateral for potential sale. Despite the impairment, the occupancy levels of the properties involved are believed to be adequate to support their day-to-day operations and maintenance.