Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 166

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 166
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32,989 4.50 %Individual minimum capital ratio(2)— — %70,029 10.00 %— — %73,309 10.00 %Tier 1 Leverage Capital (to average assets):Actual82,111 7.95 %95,345 9.23 %33,545 3.50 %55,546 5.79 %To be Well Capitalized(1)— — 51,662 5.00 %— — 47,948 5.00 %For capital adequacy41,339 4.00 %41,329 4.00 %38,368 4.00 %38,358 4.00 %Individual minimum capital ratio(2)— — %92,991 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 US 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 other assets and liabilities are measured at fair value on a non-recurring basis due to external factors requiring management’s judgment to estimate potential losses of value resulting in asset impairments or the establishment of valuation reserves. Measuring assets and liabilities at fair value may result in fluctuations to carrying value that have a significant impact on the results of operations or other comprehensive income for the period and period over period.Following is a detailed summary of the guidance provided by US GAAP regarding the application of fair value measurements