Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 52

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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743 Interest bearing DDALevel 2131,299 131,299 205,995 205,995 Money market depositsLevel 2267,478 267,478 262,023 262,023 Time depositsLevel 2250,021 250,096 239,373 239,077 Brokered depositsLevel 169,683 69,771 69,702 69,435 FHLB, FRB and correspondent bank borrowingsLevel 2— — 3,000 3,000 Senior notesLevel 27,610 7,524 11,861 11,677 Subordinated debtLevel 28,112 7,947 9,898 9,575 Junior subordinated debt owed to unconsolidated trustLevel 28,149 8,149 8,147 8,147 Note payableLevel 3109 106 162 158 Accrued interest payableLevel 2771 771 1,417 1,417 Interest rate swap liabilityLevel 262 62 83 83     Financial liabilities, total$887,247 $887,156 $1,001,165 $1,000,091 

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

The following tables detail the financial assets measured at fair value on a recurring basis and the valuation techniques utilized relative to the fair value hierarchy, as of March 31, 2025 and December 31, 2024:(In thousands)Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total March 31, 2025: U. S. Government agency and mortgage-backed securities$— $61,001 $— $61,001 Corporate bonds— 1,669 10,968 12,637 Subordinated notes— 3,550 — 3,550 SBA loan pools— 3,463 — 3,463 Municipal bonds— — — — Available-for-sale securities$— $69,683 $10,968 $80,651     Interest rate swap receivable$— $62 $— $62     Interest