Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 149

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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ing Loans As of March 31, 2025: Loan portfolio segment: Commercial Real Estate: Pass$— $1,510 $3,225 $4,735 $— $4,735 Substandard — 533 8,203 8,736 10,237 18,973 Commercial and Industrial: Pass— 909 1,140 2,049 — 2,049 Substandard — 14 863 877 11 888 Consumer and Other: Substandard — — 704 704 — 704 Construction to permanent - CRE:Substandard— — 2,357 2,357 — 2,357 Total non-accruing loans $— $2,966 $16,492 $19,458 $10,248 $29,706  As of December 31, 2024: Loan portfolio segment: Commercial Real Estate: Pass$— $— $4,461 $4,461 $1,510 $5,971 Substandard 974 — 7,947 8,921 4,442 13,363 Residential Real Estate: Substandard — — 109 109 — 109 Commercial and Industrial: Pass— — 2,349 2,349 — 2,349 Substandard 2 — 978 980 12 992 Consumer and Other: Substandard — 6 724 730 — 730 Construction to permanent - CRE:Substandard— — 2,357 2,357 — 2,357 Total non-accruing loans $976 $6 $18,925 $19,907 $5,964 $25,871 The accrual of interest on loans is discontinued at the time the loan is 90 days past due for payment unless the loan is well-secured and in process of collection. Consumer installment loans are typically charged-off when they become 120 days past due (180 days for open ended consumer credit). Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual status or charged-off, at an earlier date, if collection of principal or interest is considered doubtful.All interest accrued