Company: PNBK
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001628280-25-017837
Chunk: 12

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 12
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, net126,286 (20,135)111,884 (Repayments) proceeds from FHLB daily borrowing, net(68,000)16,000 (5,000)Repayments of FHLB long term borrowings(30,000)— — Proceeds from FRB and correspondent bank borrowings42,000 285,500 40,000 Repayments of FRB and correspondent bank borrowings(112,000)(215,500)(40,000)Principal repayments of senior notes— — (12,000)Proceeds from issuance of senior notes— — 12,000 Principal repayments of note payable(214)(209)(206)Increase in advances from borrowers for taxes and insurance308 278 (215)Net cash (used in) provided by financing activities(41,620)65,934 106,463 Net increase (decrease) in cash, cash equivalents and restricted cash96,074 28,043 (8,552)

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Table of ContentsPATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

(In thousands)Year Ended December 31,202420232022Cash, cash equivalents and restricted cash at beginning of period66,536 38,493 47,045 Cash, cash equivalents and restricted cash at end of period$162,610 $66,536 $38,493 Supplemental Disclosures of Cash Flow Information:Cash paid for interest$31,924 $29,631 $10,472 Cash paid for income taxes, net$66 $3,536 $102 Non-cash transactions:Change in unrealized loss (gain) on available-for-sale securities, net of tax$420 $(384)$14,008 Transfers of SBA loans held for sale to loans receivable$5,526 $— $274 Transfers of loans receivable to loans held for sale$(4,339)$— $— Transfers of loans receivable to OREO$— $2,843 $— Capitalized servicing assets$138 $85 $400 Operating lease right-of-use assets / liabilities$177 $16 $80 Increase (decrease) in interest rate swaps$9 $(129)$(535)Deferred cost for capital raise$(