Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 215

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 215
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 currently assessing its impact on our Consolidated Financial Statements.

54

Deposits

The following table is a summary of the Company’s deposits at the dates shown:

(In thousands)June 30,December 31,Increase/(Decrease)20252024$%Non-interest bearing:Non-interest bearing$73,204 $106,689 $(33,485)(31.39)%Non-interest bearing DDA- Digital Payments33,746 12,523 21,223 169.47 %Total non-interest bearing106,950 119,212 (12,262)(10.29)%Interest bearing:Negotiable order of withdrawal accounts (NOW)23,865 31,549 (7,684)(24.36)%Savings34,081 38,743 (4,662)(12.03)%Interest bearing DDA (net of $ 2,067 in deposits sold as of June 30, 2025)19,251 19,630 (379)(1.93)%Interest bearing DDA - Digital Payments (net of $26,671 in deposits sold as of June 30, 2025)167,341 186,365 (19,024)(10.21)%Money market178,448 195,369 (16,921)(8.66)%Money market - Digital Payments 15,778 66,654 (50,876)(76.33)%Certificates of deposit, $250,000 or less159,260 174,095 (14,835)(8.52)%Certificates of deposit, more than $250,00058,761 65,278 (6,517)(9.98)%Brokered deposits67,122 69,702 (2,580)(3.70)%Total Interest bearing723,907 847,385 (123,478)(14.57)%Total Deposits$830,857 $966,597 $(135,740)(14.04)%Total Digital Payments deposits$216,865 $265,542 $(48,677)(18.33)%Total retail branch bank deposits$364,749 $412,960 $(48,211)(11.67)%Total uninsured deposits194,842 297,845 (103,003)(34.58)%Uninsured deposits to total deposits23.45 %30.81 %Non-GAAP uninsured deposits to total deposits excluding Digital Payments deposits