Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 225

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 225
---
OL will expire beginning in 2055.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. We are currently assessing its impact on our Consolidated Financial Statements.

59

Deposits

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

(In thousands)September 30,December 31,Increase/(Decrease)20252024$%Non-interest bearing:Non-interest bearing$82,385 $106,689 $(24,304)(22.78)%Non-interest bearing DDA- Digital Payments5,381 12,523 (7,142)(57.03)%Total non-interest bearing87,766 119,212 (31,446)(26.38)%Interest bearing:Negotiable order of withdrawal accounts (NOW)22,845 31,549 (8,704)(27.59)%Savings32,478 38,743 (6,265)(16.17)%Interest bearing DDA 19,707 — 19,707 #DIV/0!Interest bearing DDA - Digital Payments 138,913 110,448 28,465 25.77 %Money market152,728 195,369 (42,641)(21.83)%Money market - Digital Payments 10,220 66,654 (56,434)(84.67)%Certificates of deposit, $250,000 or less119,329 162,533 (43,204)(26.58)%Certificates of deposit, more than $250,00060,221 65,278 (5,057)(7.75)%Specialty - Other Deposits16,178 — 16,178 — %Brokered deposits170,470 176,811 (6,341)(3.59)%Total Interest bearing743,089 847,385 (104,296)(12.31)%Total Deposits$830,855 $966,597 $(135,742)(14.04)%Total Digital Payments deposits$236,886 $