Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 2

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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664 1,931 5,885 6,677     Non-interest Income    Loan application, inspection and processing fees105 90 316 292 Deposit fees and service charges481 239 899 320 (Loss) gain on sales of loans, net(959)54 (916)321 Rental income135 130 180 151 Loss on sale of investment securities, net— — — (24)Digital Payments income2,108 1,212 3,866 2,176 Other income160 338 413 1,074 Total non-interest income 2,030 2,063 4,758 4,310     Non-interest Expense    Salaries and benefits5,242 4,623 9,753 8,779 Occupancy and equipment expense767 862 1,515 1,679 Data processing expense453 336 838 660 Professional and other outside services1,046 737 2,127 1,578 Advertising and promotional expense44 88 197 134 Loan administration and processing expense13 52 117 60 Regulatory assessments417 285 872 504 Insurance expense, net140 73 210 149 Communications, stationary and supplies348 220 576 369 Other operating expense1,274 723 2,264 1,313 Total non-interest expense9,744 7,999 18,469 15,225     Loss before income taxes(5,050)(4,005)(7,826)(4,238)    Benefit for income taxes(49)(924)(48)(858)    Net loss$(5,001)$(3,081)$(7,778)$(3,380)Basic loss per share$(0.06)$(0.77)$(0.17)$(0.85)Diluted loss per share$(0.06)$(0.77)$(0.17)$(0.85)

See Accompanying Notes to Consolidated Financial Statements.

4

PATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited)

(In thousands)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Net loss$(5,001)$(3