Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 22

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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5$2,436 $519 $1,785 $3,050 $5 $— $7,795 Three Months Ended June 30, 2024Allowance for credit losses:March 31, 2024$5,620 $671 $1,199 $6,280 $7 $— $13,777 Charge-offs— — (404)(1,849)— — (2,253)Recoveries— — 72 260 — — 332 Provisions (credits)2,338 7 348 442 (2)— 3,133 (2)June 30, 2024$7,958 $678 $1,215 $5,133 $5 $— $14,989 (1) The provision on credit losses included in the above table for the three months ended June 30, 2025 does not include the credit on unfunded loan commitments of $78,000.(2) The provision on credit losses included in the above table for the three months ended June 30, 2024 does not include the credit on unfunded loan commitments of $41,000.

17

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

The following tables summarize the activity in the allowance for credit losses, allocated to segments of the loan portfolio, for the six months ended June 30, 2025 and 2024:(In thousands)CommercialReal Estate Residential Real Estate CommercialandIndustrial ConsumerandOther Construction ConstructiontoPermanent- CRE Total Six Months Ended June 30, 2025      Allowance for credit losses:      December 31, 2024$2,241 $596 $1,077 $3,386 $5 $— $7,305 Charge-offs(635)— (130)(1,670)— — (2,435)Recoveries— — 106 461 — — 567 Provisions (credits)830 (77)732 873 — — 2,358 (3)June 30, 2025$2,436 $519 $1,785 $3,050 $5 $— $7,795