Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 13

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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,461 SBA loan pools4,562 — (989)3,573 Total available-for-sale securities$100,247 $— $(20,255)$79,992 

14

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

The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of September 30, 2025 and December 31, 2024:(In thousands)Less than 12 Months12 Months or MoreTotalFair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) September 30, 2025:U. S. Government agency and mortgage-backed securities$9,280 $(49)$60,551 $(12,926)$69,831 $(12,975)Corporate bonds— — 13,495 (2,501)13,495 (2,501)Subordinated notes— — 3,625 (375)3,625 (375)SBA loan pools— — 3,339 (807)3,339 (807)Total available-for-sale securities$9,280 $(49)$81,010 $(16,609)$90,290 $(16,658)      December 31, 2024:      U. S. Government agency and mortgage-backed securities$4,170 $(160)$56,053 $(15,306)$60,223 $(15,466)Corporate bonds— — 12,735 (3,261)12,735 (3,261)Subordinated notes— — 3,461 (539)3,461 (539)SBA loan pools— — 3,573 (989)3,573 (989)Total available-for-sale securities$4,170 $(160)$75,822 $(20,095)$79,992 $(20,255)At September 30, 2025 and December 31, 2024, no allowance for credit losses has been recognized on available-for-sale debt securities in an unrealized loss position as the Company does not believe any of the debt securities are credit impaired. This is based on the Company’s analysis