Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 184

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 184
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 2025December 31, 2024Non-interest bearing$87,766 $119,212 Interest bearing:Negotiable order of withdrawal accounts22,845 31,549 Savings deposits32,478 38,743 Interest bearing DDA158,620 110,448 Money market162,948 262,023 Certificates of deposit, $250,000 or less119,329 162,533 Certificates of deposit, more than $250,00060,221 65,278 Specialty - Other Deposits16,178 — Brokered deposits170,470 176,811 Interest bearing, total743,089 847,385 Total Deposits$830,855 $966,597 

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

The deposits from Digital Payments Division are included in the non-interest-bearing deposits, interest bearing demand deposit accounts ("DDA") and money market deposits, and totaled approximately $236.9 million and $265.5 million as of September 30, 2025 and December 31, 2024, respectively.As of September 30, 2025, contractual maturities of Certificates of Deposit (“CDs”), and brokered deposits is summarized as follows:(In thousands)Certificates of Deposit $250,000 or lessCertificates of Deposit  more than $250,000Brokered Deposits Total Demand$— $— $111,259 $111,259 1 year or less$105,213 $56,280 $54,169 $215,662 More than 1 year through 2 years13,470 3,941 5,042 22,453 More than 2 years through 3 years484 — — 484 More than 3 years through 4 years146 — — 146 More than 4 years through 5 years16 — — 16 $119,329 $60,221 $170,470 $350,020 

Note 7.    Derivatives

Patriot is party to interest rate swap derivatives that are not designated as hedging instruments. Under a program, Patriot will execute interest rate swaps with commercial lending customers to facilitate their respective risk management strategies. These interest rate swaps with customers are simultaneously offset by interest