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Exhibit 99.1 For Immediate Release Contact George Rapp 609.454.0718 grapp@thebankofprinceton.com The Bank of Princeton Announces Second Quarter 2021 Results Princeton , NJ , July 22 , 2021 / PRNewswire / - The Bank of Princeton ( the “ Bank ” ) ( NASDAQ – BPRN ) today reported its unaudited results of operations and financial condition for the quarter ended June 30 , 2021. The Bank reported net income of $ 5.5 million , or $ 0.80 per diluted common share , for the second quarter of 2021 , compared to net income of $ 4.9 million , or $ 0.70 per diluted common share , for the first quarter of 2021 , and net income of $ 3.1 million , or $ 0.45 per diluted common share , for the second quarter of 2020. The increase in net income , when compared to the three months ended March 31 , 2021 , was primarily due to a $ 980 thousand increase in net- interest income , a $ 125 thousand reduction in the provision for loan losses , and a $ 155 thousand increase in non- interest income , partially offset by a $ 423 thousand increase in non - interest expense and a $ 165 thousand increase in income tax expense . The increase in net income , when comparing it to the three months ended June 30 , 2020 , was primarily due to an increase in net - interest income of $ 3.7 million and a $ 148 thousand increase in non - interest income , partially offset by a $ 628 thousand increase in non - interest expenses and an $ 850 thousand increase in income tax expenses . For the six month period ended June 30 , 2021 , the Bank recorded net income of $ 10.4 million , or $ 1.50 per diluted common share , compared to $ 6.2 million , or $ 0.89 per diluted common share for the same period in 2020 , primarily due to an $ 8.0 million increase in net - interest income , partially offset by an increase in income taxes of $ 1.5 million , a $ 1.3 million increase in non - interest expenses , a $ 480 thousand decrease in non - interest income , and a $ 475 thousand increase in the Bank's provision for loan losses . Highlights for the quarter - ended June 30 , 2021 are as follows : • • • • • • The Bank commenced its “ Stock Buyback Program ” during the second quarter by purchasing 153,932 shares of common stock at a weighted average price of $ 28.96 . Total loans increased $ 33.7 million since December 31 , 2020 , to $ 1.4 billion or by 2.46 % . Net interest income for the second quarter of 2021 increased $ 3.7 million or 31.1 % over the same period in 2020 . The Bank decreased its cost of funds on deposits by 66 basis points in the second quarter of 2021 from the same period in 2020 . The Bank's efficiency ratio decreased to 50.9 % for the second quarter of 2021 compared to 61.1 % for the second quarter of 2020 . The ratio of nonperforming loans to total loans continues to be low at 0.23 % as of June 30 , 2021 compared to 0.12 % at December 31 , 2020 and compared to 0.18 % at June 30 , 2020 . President / CEO Edward Dietzler stated that , " The Bank during the current quarter provided very strong earnings performance with a 78.2 % increase in diluted earnings per share as well as a 63 basis point increase in our net interest margin , when comparing to the same period in 2020. " 4