Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 4

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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287 $(97,343) $(11,921)$95,023 

Nine Months Ended September 30, 2025(In thousands, except shares)Number of Common StockNumber of Preferred StockPreferred StockCommonStockAccumulatedDeficitAccumulated Other Comprehensive (Loss) Income TotalBalance at January 1, 20253,991,852—$— $106,854  $(86,908) $(15,681) $4,265 Comprehensive (loss) income:         Net loss——— —  (10,435) —  (10,435)Unrealized holding gain on available-for-sale securities, net of tax——— —  —  3,760  3,760 Total comprehensive (loss) income——— —  (10,435) 3,760  (6,675)Preferred stock issuance—90,8325,099 — — — 5,099 Preferred stock conversion7,266,560(90,832)(5,099)5,099 — — — Common stock issuance103,727,502—— 89,232 — — 89,232 Share-based compensation expense——— 3,102  —  —  3,102 Vesting of restricted stock5,103—— —  —  —  — Balance at September 30, 2025114,991,017—$— $204,287  $(97,343) $(11,921) $95,023 

8

PATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) (Continued)

Three Months Ended September 30, 2024(In thousands, except shares)Number of SharesCommonStockAccumulatedDeficitAccumulated Other Comprehensive (Loss) Income TotalBalance at June 30, 20243,976,073 $106,735  $(50,406) $(15,802)$40,527 Comprehensive (loss) income:      Net loss— —  (26,954) — (26,954)Unrealized holding gain on available-for-sale securities, net of tax— —  —