Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 129

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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-for-sale securities$100,247 $— $(20,255)$79,992 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 March 31, 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) March 31, 2025:U. S. Government agency and mortgage-backed securities$2,013 $(27)$58,988 $(14,088)$61,001 $(14,115)Corporate bonds— — 12,637 (3,359)12,637 (3,359)Subordinated notes— — 3,550 (450)3,550 (450)SBA loan pools— — 3,463 (882)3,463 (882)Total available-for-sale securities$2,013 $(27)$78,638 $(18,779)$80,651 $(18,806)      December 31, 2024:      U. S. Government agency and mortgage-backed securities$4,170 $(160)$56,053 $(15,306)$60,223 $(15,466)Corporate bonds— — 12,735 (3,261)12,735 (3,261)Subordinated notes— — 3,461 (539)3,461 (539)SBA loan pools— — 3,573 (989)3,573 (989)Total available-for-sale securities$4,170 $(160)$75,822 $(20,095)$79,992 $(20,255)As of March 31, 2025 and December 31, 2024, all forty-four available-for-sale securities had unrealized losses with an aggregate decline of 18.9% and 20.2% from the amortized cost of those securities, respectively.

10

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

At March 31, 2025 and December 31, 2024, no allowance for credit losses has been recognized on available