Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 4

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 at January 1, 20253,991,852—$— $106,854  $(86,908) $(15,681) $4,265 Comprehensive (loss) income:         Net loss——— —  (7,778) —  (7,778)Unrealized holding gain on available-for-sale securities, net of tax——— —  —  2,246  2,246 Total comprehensive (loss) income——— —  (7,778) 2,246  (5,532)Preferred Stock—90,8325,099 — — — 5,099 Common stock from Private Placement80,786,875—— 61,073 — — 61,073 Share-based compensation expense——— 1,296  —  —  1,296 Vesting of restricted stock1,017,501—— —  —  —  — Balance at June 30, 202585,796,22890,832$5,099 $169,223  $(94,686) $(13,435) $66,201 

6

PATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) (Continued)

Three Months Ended June 30, 2024(In thousands, except shares)Number of SharesCommonStockAccumulatedDeficitAccumulated Other Comprehensive LossTotalBalance at March 31, 20243,976,073 $106,694  $(47,325) $(15,732) $43,637 Comprehensive loss:         Net loss— —  (3,081) —  (3,081)Unrealized holding loss on available-for-sale securities, net of tax— —  —  (70) (70)Total comprehensive loss— —  (3,081) (70) (3,151)Share-based compensation expense— 41  —  —  41 Balance at June 30, 20243,976,073 $106,735  $(50,406) $(15,802) $40,527