Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 31

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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, respectively. 

Individually Evaluated LoansThe following table reflects information about the individually evaluated loans by segment as of March 31, 2025 and December 31, 2024: (In thousands)March 31, 2025December 31, 2024Recorded Investment Principal Outstanding Related Allowance Recorded Investment Principal Outstanding Related Allowance With no related allowance recorded:Commercial Real Estate$17,106 $33,372 $— $18,361 $34,224 $— Commercial and Industrial2,922 7,428 — 1,831 2,251 — Construction to permanent - CRE— — — 2,357 2,476 — 20,028 40,800 — 22,549 38,951 — With a related allowance recorded:Commercial Real Estate6,602 6,725 278 974 969 403 Commercial and Industrial— — — 1,492 1,810 60 Construction to permanent - CRE2,357 2,476 32 — — — 8,959 9,201 310 2,466 2,779 463 Individually evaluated loans, Total:Commercial Real Estate23,708 40,097 278 19,335 35,193 403 Commercial and Industrial2,922 7,428 — 3,323 4,061 60 Construction to permanent - CRE2,357 2,476 32 2,357 2,476 — Total$28,987 $50,001 $310 $25,015 $41,730 $463 

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

The following table summarizes additional information regarding individually evaluated loans by segment for the three months ended March 31, 2025 and 2024:Three Month Ended March 31,(In thousands)20252024Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded:Commercial Real Estate$17,696 $18 $6,286 $37 Commercial and Industrial3,070 — 2,855 44 Construction— — 442 — Construction to permanent - CRE— — 2