Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 9

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 unrealized gains, gross unrealized losses and fair values of available-for-sale securities at March 31, 2025 and December 31, 2024 are as follows:(In thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair ValueMarch 31, 2025:U. S. Government agency and mortgage-backed securities$75,116 $— $(14,115)$61,001 Corporate bonds15,996 — (3,359)12,637 Subordinated notes4,000 — (450)3,550 SBA loan pools4,345 — (882)3,463 Total available-for-sale securities$99,457 $— $(18,806)$80,651 December 31, 2024:U. S. Government agency and mortgage-backed securities$75,689 $— $(15,466)$60,223 Corporate bonds15,996 — (3,261)12,735 Subordinated notes4,000 — (539)3,461 SBA loan pools4,562 — (989)3,573 Total available-for-sale securities$100,247 $— $(20,255)$79,992 The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of March 31, 2025 and December 31, 2024:(In thousands)Less than 12 Months12 Months or MoreTotalFair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) March 31, 2025:U. S. Government agency and mortgage-backed securities$2,013 $(27)$58,988 $(14,088)$61,001 $(14,115)Corporate bonds— — 12,637 (3,359)12,637 (3,359)Subordinated notes— — 3,550 (450)3,550 (450)SBA loan pools— — 3,463 (882)3,463 (882)Total available-for-sale securities$2,013 $(27)$78,638 $(18,779)$80,651 $(18,806)      December 31, 2024: