Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 20

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 following tables summarize, by loan portfolio segment, the amount of loans receivable evaluated individually and collectively for allowance for credit losses as of March 31, 2025 and December 31, 2024:(In thousands)Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Total March 31, 2025Allowance for credit losses:Individually evaluated loans$278 $— $— $— $— $32 $310 Collectively evaluated loans1,997 639 1,168 2,607 8 — 6,419 Total allowance for credit losses$2,275 $639 $1,168 $2,607 $8 $32 $6,729 Loans receivable, gross:Individually evaluated loans$23,708 $— $2,922 $— $— $2,357 $28,987 Collectively evaluated loans377,695 90,753 119,453 53,498 3,823 — 645,222 Total loans receivable, gross$401,403 $90,753 $122,375 $53,498 $3,823 $2,357 $674,209 

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

(In thousands)Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Total December 31, 2024Allowance for credit losses:Individually evaluated loans$403 $— $60 $— $— $— $463 Collectively evaluated loans1,838 596 1,017 3,386 5 — 6,842 Total allowance for credit losses$2,241 $596 $1,077 $3,386 $5 $— $7,305 Loans receivable, gross:Individually evaluated loans$19,335 $— $3,323 $— $— $2,357 $25,015 Collectively evaluated loans400,154 92,215 126,285 59,973 3,830 — 682,457 Total loans receivable, gross$419,