Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 2

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Recovery of) provision and credit loss expense(431)1,026 1,826 4,776     Net interest income after (recovery of) provision and credit loss expense5,441 3,973 11,326 10,650     Non-interest Income    Loan application, inspection and processing fees111 201 427 493 Deposit fees and service charges281 78 1,180 398 (Loss) gain on sales of loans, net(992)81 (1,908)402 Rental income65 75 245 226 Loss on sale of investment securities, net— — — (24)Digital Payments income2,684 1,333 6,550 3,509 Other income58 347 471 1,421 Total non-interest income 2,207 2,115 6,965 6,425     Non-interest Expense    Salaries and benefits5,694 4,710 15,447 13,489 Occupancy and equipment expense766 801 2,281 2,480 Data processing expense473 321 1,311 981 Professional and other outside services745 952 2,872 2,530 Advertising and promotional expense46 105 243 239 Loan administration and processing expense8 58 125 118 Regulatory assessments605 386 1,477 890 Insurance expense, net253 82 463 231 Communications, stationary and supplies456 337 1,032 706 Other operating expense1,264 644 3,528 1,957 Total non-interest expense10,310 8,396 28,779 23,621     Loss before income taxes(2,662)(2,308)(10,488)(6,546)    (Benefit) provision for income taxes(5)24,646 (53)23,788     Net loss$(2,657)$(26,954)$(10,435)$(30,334)Basic loss per share$(0.03)$(6.78)$(0.16)$(7.63)Diluted loss per share$(0.03)$(6.78)$(0.16)$(7.63)

See Accompanying Notes to Consolidated Financial Statements.

6

PATRIOT NATIONAL BANCORP, INC. AND