Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 11

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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ized gains, gross unrealized losses and fair values of available-for-sale securities at June 30, 2025 and December 31, 2024 are as follows:(In thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair ValueJune 30, 2025:U. S. Government agency and mortgage-backed securities$74,295 $— $(13,905)$60,390 Corporate bonds15,996 — (2,805)13,191 Subordinated notes4,000 — (456)3,544 SBA loan pools4,345 — (843)3,502 Total available-for-sale securities$98,636 $— $(18,009)$80,627 December 31, 2024:U. S. Government agency and mortgage-backed securities$75,689 $— $(15,466)$60,223 Corporate bonds15,996 — (3,261)12,735 Subordinated notes4,000 — (539)3,461 SBA loan pools4,562 — (989)3,573 Total available-for-sale securities$100,247 $— $(20,255)$79,992 

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

The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of June 30, 2025 and December 31, 2024:(In thousands)Less than 12 Months12 Months or MoreTotalFair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) June 30, 2025:U. S. Government agency and mortgage-backed securities$2,004 $(30)$58,386 $(13,875)$60,390 $(13,905)Corporate bonds— — 13,191 (2,805)13,191 (2,805)Subordinated notes— — 3,544 (456)3,544 (456)SBA loan pools— — 3,502 (843)3,502 (843)Total available-for-sale securities$2,004