Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 64

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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(2)Our Digital Payments Division relies on third-party program managers and processors to operate programs under our BINs. Because certain transactions occur through their systems, our visibility and direct control over all activities may be limited. This structure increases our exposure to fraud, compliance failures, and operational issues by third parties, which could result in financial losses, regulatory action, network penalties, and reputational harm.

(3)changes in prevailing interest rates which would affect the interest earned on the Company’s interest earning assets and the interest paid on its interest bearing liabilities;

(4)the timing of re-pricing of the Company’s interest earning assets and interest bearing liabilities;

(5)the effect of changes in governmental monetary policy;

(6)the effect of changes in regulations applicable to the Company and the Bank and the conduct of its business;

(7)changes in competition among financial service companies, including possible further encroachment of non-banks on services traditionally provided by banks;

(8)the ability of competitors that are larger than the Company to provide products and services which it is impracticable for the Company to provide;

(9)the state of the economy and real estate values in the Company’s market areas, and the consequent effect on the quality of the Company’s loans;

(10)demand for loans and deposits in our market area;

(11)recent governmental initiatives that are expected to have a profound effect on the financial services industry and could dramatically change the competitive environment of the Company;

(12)other legislative or regulatory changes, including those related to residential mortgages, changes in accounting standards, and Federal Deposit Insurance Corporation (“FDIC”) premiums that may adversely affect the Company;

(13)the application of generally accepted accounting principles in the United States of America (“U.S. GAAP”), consistently applied;

(14)the fact that one period of reported results may not be indicative of future periods;

(15)the state of the economy in the greater New York metropolitan area and its particular effect on the Company's customers, vendors and communities and other such factors, including risk factors, as may be described in the Company’s other filings with the Securities and Exchange Commission (the “SEC”);

(16)political, social, legal and economic instability, civil unrest, war, catastrophic events, acts of terrorism;

(17)possible future outbreaks of infectious diseases, including the ongoing novel coronavirus (COVID-19) outbreak;

(18)changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequ