Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 6

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 (increase) in other assets1,744 (260)(Decrease) increase in accrued expenses and other liabilities(1,445)1,484 Net cash (used in) provided by operating activities(4,890)7,846 Cash Flows from Investing Activities:Proceeds from maturity or sales on available-for-sale securities— 2,281 Principal repayments on available-for-sale securities1,688 1,997 Purchases of available-for-sale securities— (2,319)Purchases of FRB stock(974)(103)Redemptions of FHLB stock100 631 Payments received on loans receivable, net120,976 68,958 Purchases of loans receivable(177)(86)Purchases of premises and equipment(73)(91)Proceeds from sale of premises and equipment1 13 Net cash provided by investing activities121,541 71,281   Cash Flows from Financing Activities:  Decrease in deposits, net(135,740)(39,409)Repayments from FHLB daily borrowing, net(3,000)(13,100)Proceeds from FRB and correspondent bank borrowings70,000 12,000 Repayments of FRB and correspondent bank borrowings(70,000)(13,000)Principal repayments of note payable(108)(106)Increase in advances from borrowers for taxes and insurance1,504 1,604 Proceeds from preferred stock issuance5,450 — Private Placement Costs for preferred stock(351)— Proceeds from common stock issuance59,735 — Private Placement Costs for common stock(3,779)— Net cash used in financing activities(76,289)(52,011)  Net increase in cash, cash equivalents and restricted cash40,362 27,116   Cash, cash equivalents and restricted cash at beginning of period162,610 66,536   Cash, cash equivalents and restricted cash at end of period$202,972 $93,652 

PATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Continued)

(In thousands)Six Months Ended June 30,20252024Supplemental Disclosures of Cash Flow Information:  Cash paid for interest$15,927 $14,832 Cash (refund from) paid for income taxes,