Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 51

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
---
.

36

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

The following table provides a comparison of the carrying amounts and estimated fair values of Patriot’s financial assets and liabilities as of March 31, 2025 and December 31, 2024:(In thousands)March 31, 2025December 31, 2024Fair Value Hierarchy Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets:Cash and noninterest bearing balances due from banksLevel 1$2,530 $2,530 $3,295 $3,295 Interest-bearing deposits due from banksLevel 1118,505 118,505 144,273 144,273 Restricted cashLevel 115,166 15,166 15,042 15,042 Available-for-sale securitiesLevel 269,683 69,683 68,869 68,869 Available-for-sale securitiesLevel 310,968 10,968 11,123 11,123 Other investmentsLevel 24,450 4,450 4,450 4,450 Federal Reserve Bank stockLevel 21,028 1,028 1,377 1,377 Federal Home Loan Bank stockLevel 2679 679 779 779 Loans receivable, netLevel 3667,480 646,943 700,167 675,901 Loans held for saleLevel 220,814 20,814 15,702 15,702 Servicing assetsLevel 3764 820 766 852 Other real estate ownedLevel 22,590 2,590 2,843 2,843 Accrued interest receivableLevel 25,047 5,047 5,488 5,488 Interest rate swap receivableLevel 262 62 83 83     Financial assets, total$919,766 $899,285 $974,257 $950,077     Financial Liabilities:    Demand depositsLevel 2$80,363 $80,363 $119,212 $119,212 Negotiable order of withdrawal accountsLevel 225,228 25,228 31,549 31,549 Savings depositsLevel 238,362 38,362 38,743 38,