Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 187

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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 The NOL will expire between 2030 and 2044.

47

Deposits

The following table is a summary of the Company’s deposits at the dates shown:

(In thousands)March 31,December 31,Increase/(Decrease)20252024$%Non-interest bearing:Non-interest bearing$74,313 $106,689 $(32,376)(30.35)%Non-interest bearing DDA- Digital Payments6,050 12,523 (6,473)(51.69)%Total non-interest bearing80,363 119,212 (38,849)(32.59)%Interest bearing:Negotiable order of withdrawal accounts (NOW)25,228 31,549 (6,321)(20.04)%Savings38,362 38,743 (381)(0.98)%Interest bearing DDA (net of $21,518 in deposits sold as of March 31, 2025)1,213 19,630 (18,417)(93.82)%Interest bearing DDA - Digital Payments (net of $95,346 in deposits sold as of March 31, 2025)130,086 186,365 (56,279)(30.20)%Money market242,508 195,369 47,139 24.13 %Money market - Digital Payments 24,970 66,654 (41,684)(62.54)%Certificates of deposit, $250,000 or less182,919 174,095 8,824 5.07 %Certificates of deposit, more than $250,00067,102 65,278 1,824 2.79 %Brokered deposits69,683 69,702 (19)(0.03)%Total Interest bearing782,071 847,385 (65,314)(7.71)%Total Deposits$862,434 $966,597 $(104,163)(10.78)%Total Digital Payments deposits$161,106 $265,542 $(104,436)(39.33)%Total retail branch bank deposits$394,760 $412,960 $(18,200)(4.41)%Total uninsured deposits246,216 297,845 (51,629)(17.33)%Uninsured deposits to total deposits28.55 %30.81 %Non-GAAP uninsured deposits to total deposits excluding Digital Payments deposits