Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 108

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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 2025 and December 31, 2024, SBA loans included in the commercial and industrial loans were $10.2 million and $11.2 million, respectively. 

At June 30, 2025, the net loan to deposit ratio was 69.8% and the net loan to total assets ratio was 62.3%. At December 31, 2024, these ratios were 72.4% and 69.2%, respectively.

Commercial Real Estate Loans ("CRE")

The following table provides the composition of the commercial real estate loan portfolio segment as of June 30, 2025 and December 31, 2024:

(In thousands)June 30, 2025December 31, 2024Amount%Amount%Commercial Real EstateCRE owner occupied$64,549 17.43 %$83,934 20.01 %CRE multifamily64,293 17.36 %77,443 18.46 %CRE office37,752 10.19 %55,900 13.33 %CRE retail45,349 12.24 %46,946 11.19 %Other CRE non-owner occupied158,433 42.78 %155,266 37.01 %Total $370,376 100.00 %$419,489 100.00 %

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The following table provides the commercial real estate loan portfolio segment by geographic concentrations as of June 30, 2025 and December 31, 2024:

(In thousands)June 30, 2025December 31, 2024Amount%Amount%New York$190,669 51.48 %$208,093 49.61 %Connecticut91,369 24.67 %98,342 23.44 %New Jersey24,312 6.56 %26,861 6.40 %Outside Market (1)64,026 17.29 %86,193 20.55 %Total Commercial Real Estate$370,376 100.00 %$419,489 100.00 %

(1) Outside Market consists of loans in all other states, none of which are greater than 5% of the total.

In accordance with OCC Bulletin 2006-46, "Concentrations in Commercial Real Estate Lending, Sound Risk Management Practices: Interagency Guidance on CRE