Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 197

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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 March 20, 2025, has resulted in the Bank's capital ratios exceeding both standard "well capitalized" levels and the higher minimums set forth in the OCC Agreement, the Bank remains classified as "adequately capitalized" rather than "well capitalized" due to the specific terms of that agreement.

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Table of ContentsPATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements (Unaudited)

The Company and Bank’s regulatory capital amounts and ratios at September 30, 2025 and December 31, 2024 are summarized as follows:September 30, 2025December 31, 2024Patriot National Bancorp, Inc.Patriot Bank, N.A.Patriot National Bancorp, Inc.Patriot Bank, N.A.(Dollar amounts in thousands)AmountRatioAmountRatioAmountRatioAmountRatioTotal Capital (to risk weighted assets):Actual$130,042 21.29 %$117,368 19.19 %$44,534 6.07 %$56,536 7.71 %To be Well Capitalized(1)— — 61,154 10.00 %— — 73,309 10.00 %For capital adequacy48,856 8.00 %48,923 8.00 %58,667 8.00 %58,648 8.00 %Individual minimum capital ratio(2)— — %70,327 11.50 %— — %84,306 11.50 %Tier 1 Capital (to risk weighted assets):Actual117,701 19.27 %113,374 18.54 %33,545 4.57 %55,546 7.58 %To be Well Capitalized(1)— — 48,923 8.00 %— — 58,648 8.00 %For capital adequacy36,642 6.00 %36,692 6.00 %44,001 6.00 %43,986 6.00 %Individual minimum capital ratio(2)— — %61,154 10.00 %— — %73,309 10.00 %Common Equity Tier 1 Capital (to risk weighted assets):Actual109,701