Company: PNBK
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001628280-25-017837
Chunk: 1

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7A
Chunk 1
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 certain assets and liabilities when market rates change and the changes in spreads between different market rates.

Simulation analysis is only an estimate of the Company’s interest rate risk exposure at a particular point in time. Management regularly reviews the potential effect changes in interest rates could have on the repayment of rate sensitive assets and funding requirements of rate sensitive liabilities.

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Table of Contents

The tables below set forth examples of changes in estimated net interest income and the estimated net portfolio value based on projected scenarios of interest rate increases and decreases. The analyses indicate the rate risk embedded in the Company’s portfolio at the dates indicated should all interest rates instantaneously rise or fall. The results of these changes are added to or subtracted from the base case; however, there are certain limitations to these types of analyses. Rate changes are rarely instantaneous, and these analyses may therefore overstate the impact of short-term repricing. 

(In thousands)Net Portfolio Value - Performance SummaryAs of December 31, 2024As of December 31, 2023Projected Interest Rate ScenarioEstimated ValueChange from Base ($)Change from Base (%)Estimated ValueChange from Base ($)Change from Base (%)+200$87,800 $(10,733)(10.89)%$107,524 $(5,779)(5.10)%+10094,983 (3,550)(3.60)%112,036 (1,267)(1.12)%BASE98,533 — — 113,303 — — -10098,886 353 0.36 %114,032 729 0.64 %-20096,159 (2,374)(2.41)%106,718 (6,585)(5.81)%

Net Interest Income - Performance SummaryDecember 31, 2024December 31, 2023Projected Interest Rate ScenarioEstimated ValueChange from Base ($)Change from Base (%)Estimated ValueChange from Base ($)Change from Base (%)+200$28,274 $79 0.28 %$34,529 $483 1.42 %+10028,403 208 0.74 %34,425 379 1.11 %BASE28,195 — — 34,046 — — -10028,295 100 0.35 %34,120 74 0.22 %-20028,679 484 1.72 %34,595 549 1