Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 71

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 the commercial real estate loans and commercial and industrial loan classifications above. As of June 30, 2025 and December 31, 2024, SBA loans included in the commercial real estate loans were $10.5 million and $18.7 million, respectively. As of June 30, 2025 and December 31, 2024, SBA loans included in the commercial and industrial loans were $10.2 million and $11.2 million, respectively. 

At June 30, 2025, the net loan to deposit ratio was 69.8% and the net loan to total assets ratio was 62.3%. At December 31, 2024, these ratios were 72.4% and 69.2%, respectively.

Commercial Real Estate Loans ("CRE")

The following table provides the composition of the commercial real estate loan portfolio segment as of June 30, 2025 and December 31, 2024:

(In thousands)June 30, 2025December 31, 2024Amount%Amount%Commercial Real EstateCRE owner occupied$64,549 17.43 %$83,934 20.01 %CRE multifamily64,293 17.36 %77,443 18.46 %CRE office37,752 10.19 %55,900 13.33 %CRE retail45,349 12.24 %46,946 11.19 %Other CRE non-owner occupied158,433 42.78 %155,266 37.01 %Total $370,376 100.00 %$419,489 100.00 %

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The following table provides the commercial real estate loan portfolio segment by geographic concentrations as of June 30, 2025 and December 31, 2024:

(In thousands)June 30, 2025December 31, 2024Amount%Amount%New York$190,669 51.48 %$208,093 49.61 %Connecticut91,369 24.67 %98,342 23.44 %New Jersey24,312 6.56 %26,861 6.40 %Outside Market (1)64,026 17.29 %86,193 20.55 %Total Commercial Real Estate$370,376 100.00 %$419,489 100.