Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 62

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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8,134 9,898 9,575 Junior subordinated debt owed to unconsolidated trustLevel 28,155 8,155 8,147 8,147 Note payableLevel 3— — 162 158 Accrued interest payableLevel 2380 380 1,417 1,417 Interest rate swap liabilityLevel 242 42 83 83 Financial liabilities, total$847,715 $836,867 $1,001,165 $1,000,091 

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

The following tables detail the financial assets measured at fair value on a recurring basis and the valuation techniques utilized relative to the fair value hierarchy, as of September 30, 2025 and December 31, 2024:(In thousands)Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total September 30, 2025: U. S. Government agency and mortgage-backed securities$— $85,090 $— $85,090 Corporate bonds— 1,737 11,758 13,495 Subordinated notes— 3,625 — 3,625 SBA loan pools— 3,339 — 3,339 Municipal bonds— — — — Available-for-sale securities$— $93,791 $11,758 $105,549     Interest rate swap receivable$— $42 $— $42     Interest rate swap liability$— $42 $— $42 December 31, 2024: U. S. Government agency and mortgage-backed securities$— $60,223 $— $60,223 Corporate bonds— 1,612 11,123 12,735 Subordinated notes— 3,461 — 3,461 SBA loan pools— 3,573 — 3,573 Municipal bonds— — — — Available-for-sale securities$— $68,869 $11,123 $79,992     Interest rate swap receivable$— $83 $— $