Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 66

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 the Consolidated Balance Sheet. 

Note 15.  Subsequent Events 

The Company has evaluated events and transactions occurring subsequent to September 30, 2025, through the date the financial statements were issued. Based on this evaluation, management determined that there were no events requiring adjustment to, or disclosure in, the accompanying Consolidated Financial Statements. Specifically, there were no material changes in capital stock, long-term debt, working capital, or commitments; no significant contingent liabilities; and no changes in accounting policies or internal controls. There were no impairments, losses, or other matters affecting asset values. The analysis of the allowance for credit losses was completed, reviewed, and approved by management and the appropriate Board committee, with no significant changes noted in methodology or classifications. Except for routine investment transactions, there were no significant sales or purchases of investments other than those reported as of September 30, 2025.

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Table of Contents

Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations

"Safe Harbor" Statement Under Private Securities Litigation Reform Act of 1995

This Quarterly Report on Form 10-Q contains statements that relate to future events and expectations and, as such, constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements, other than purely historical information, including estimates, projections, statements relating to our strategies, outlook, business and financial prospects, business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements are not guarantees of future performance. Although Patriot believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, these expectations may not be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and changes in circumstances, many of which are beyond Patriot’s control.

Many possible events or factors could affect Patriot’s future financial results and performance and could cause the actual results, performance or