Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 167

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 167
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— 238 828 — — 1,066 Provisions (credits)3,238 22 485 1,240 (2)(113)4,870 (4)September 30, 2024$9,045 $608 $1,056 $4,273 $2 $— $14,984 (3) The provision on credit losses for the nine months ended September 30, 2025 does not include the credit on unfunded loan commitments of $128,000.

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

(4) The provision on credit losses for the nine months ended September 30, 2024 does not include the credit on unfunded loan commitments of $94,000.

The following tables summarize, by loan portfolio segment, the amount of loans receivable evaluated individually and collectively for allowance for credit losses as of September 30, 2025 and December 31, 2024:(In thousands)Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Total September 30, 2025Allowance for credit losses:Individually evaluated loans$116 $— $1,564 $— $— $— $1,680 Collectively evaluated loans2,388 805 1,866 448 — — 5,507 Total allowance for credit losses$2,504 $805 $3,430 $448 $— $— $7,187 Loans receivable, gross:Individually evaluated loans$20,109 $57 $4,529 $— $— $31 $24,726 Collectively evaluated loans340,693 83,615 118,830 20,802 — — 563,940 Total loans receivable, gross$360,802 $83,672 $123,359 $20,802 $— $31 $588,666 

(In thousands)Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Total December 31, 2024Allowance for credit losses:Individually evaluated loans$403 $— $60 $— $— $—