Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 1

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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,000 shares authorized, which include 170,000,000 of Voting Common Stock and 30,000,000 shares of Non-Voting Common Stock; As of September 30, 2025: 115,064,758 shares issued;114,991,017 shares outstanding; As of December 31, 2024: 4,065,593 shares issued; 3,991,852 shares outstanding. As of September 30, 2025 par value of Common Stock was $1,150 and Additional Paid in Capital was $203,137; As of December 31, 2024 par value of Common Stock was $40 and Additional Paid in Capital was $106,814204,287 106,854 Accumulated deficit(97,343)(86,908)Accumulated other comprehensive loss(11,921)(15,681)Total shareholders' equity95,023 4,265 Total liabilities and shareholders' equity$950,752 $1,012,292 

See Accompanying Notes to Consolidated Financial Statements.

4

PATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

5

Three Months Ended September 30,Nine Months Ended September 30,(In thousands, except per share amounts)2025202420252024Interest and Dividend IncomeInterest and fees on loans$8,565 $11,704 $27,648 $36,345 Interest on investment securities598 640 1,694 1,933 Dividends on investment securities48 89 113 238 Other interest income2,332 381 6,130 1,516 Total interest and dividend income11,543 12,814 35,585 40,032     Interest Expense    Interest on deposits6,090 6,189 20,681 19,160 Interest on FHLB, FRB and correspondent bank borrowings— 926 101 3,354 Interest on senior debt105 290 610 869 Interest on subordinated debt338 409 1,040 1,219 Interest on note payable— 1 1 4 Total interest expense6,533 7,815 22,433 24,606     Net interest income5,010 4,999 13,152 15,426     (