Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 198

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 198
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17.96 %113,374 18.54 %25,545 3.48 %55,546 7.58 %To be Well Capitalized(1)— — 39,750 6.50 %— — 47,651 6.50 %For capital adequacy27,481 4.50 %27,519 4.50 %33,000 4.50 %32,989 4.50 %Individual minimum capital ratio(2)— — %61,154 10.00 %— — %73,309 10.00 %Tier 1 Leverage Capital (to average assets):Actual117,701 12.42 %113,374 11.95 %33,545 3.50 %55,546 5.79 %To be Well Capitalized(1)— — 47,420 5.00 %— — 47,948 5.00 %For capital adequacy37,917 4.00 %37,936 4.00 %38,368 4.00 %38,358 4.00 %Individual minimum capital ratio(2)— — %85,356 9.00 %— — %86,306 9.00 %(1)  Designation as "Well Capitalized" does not apply to bank holding companies - the Company. Such categorization of capital adequacy only applies to insured depository institutions - the Bank.  Under the OCC Agreement the Bank will not be designated as Well Capitalized until the OCC has evaluated the sustainability of the minimum capital ratios.(2)   The Capital ratios established by the OCC began to be required on April 17, 2024. It was not applicable to periods prior to that date and does not apply to bank holding companies - the Company.

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

Note 12.  Fair Value and Interest Rate Risk

Patriot measures the carrying value of certain financial assets and liabilities at fair value, as required by its policies as a financial institution and by U.S. GAAP. The carrying values of certain assets and liabilities are measured at fair value on a recurring basis, such as available-for-sale securities; while