Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 36

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 all the principal and interest amounts contractually due are brought current, future payments are reasonably assured, after at least six months of timely payment history. The Bank considers loans under $100,000 and consumer installment loans to be pools of smaller homogeneous loan balances, and therefore are collectively evaluated for credit losses, and not individually evaluated for credit losses.

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

If non-accrual loans had been performing in accordance with the original contractual terms, additional interest income (net of cash collected) of approximately $1.8 million and $3.0 million would have been recognized during the three and nine months ended September 30, 2025, respectively. During the three and nine months ended September 30, 2024, additional interest income (net of cash collected) of approximately $0.9 million and $2.2 million would have been recognized, respectively.Interest income collected and recognized on non-accruing loans for the three and nine months ended September 30, 2025 was $234,000 and $251,000, respectively. During the three and nine months ended September 30, 2024, interest income collected and recognized on non-accruing loans was $325,000 and $543,000, respectively.

Individually Evaluated LoansThe following table reflects information about the individually evaluated loans by segment as of September 30, 2025 and December 31, 2024: (In thousands)September 30, 2025December 31, 2024Recorded Investment Principal Outstanding Related Allowance Recorded Investment Principal Outstanding Related Allowance With no related allowance recorded:Commercial Real Estate$19,891 $36,424 $— $18,361 $34,224 $— Residential Real Estate57 58 — — — — Commercial and Industrial1,934 2,370 — 1,831 2,251 — Construction to permanent - CRE31 149 — 2,357 2,476 — 21,913 39,001 — 22,549 38,951 — With a related allowance recorded:Commercial Real Estate218 2,026 116 974 969 403 Commercial and Industrial2,595 5,031 1,564 1,492 1