Company: PNBK
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001628280-25-017837
Chunk: 85

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 85
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.94 %Total $419,489 100.00 %$472,093 100.00 %$437,443 100.00 %

22

The following table provides the commercial real estate loan portfolio segment by geographic concentrations as of December 31, for each of the years shown:

December 31,(In thousands)202420232022Amount%Amount%Amount%New York$208,093 49.61 %$241,711 51.20 %$189,851 43.40 %Connecticut98,342 23.44 %111,523 23.62 %130,605 29.86 %New Jersey26,861 6.40 %37,277 7.90 %37,591 8.59 %Outside Market (1)86,193 20.55 %81,582 17.28 %79,396 18.15 %Total Commercial Real Estate$419,489 100.00 %$472,093 100.00 %$437,443 100.00 %

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

Maturities and Sensitivities of Loans to Changes in Interest Rates

The following table presents loans receivable, gross by portfolio segment, by contractual maturity as of December 31, 2024:

Contractual Maturity of Loan Balance(In thousands)One year or lessOne through Five YearsAfter Five YearsTotalLoan portfolio segment:Commercial Real Estate$44,799 $240,063 $134,627 $419,489 Residential Real Estate2,513 5,582 84,120 92,215 Commercial and Industrial24,822 53,195 51,591 129,608 Consumer and Other3,370 20,004 36,599 59,973 Construction3,830 — — 3,830 Construction to permanent - CRE— — 2,357 2,357 Total$79,334 $318,844 $309,294 $707,472 Fixed rate loans$38,459 $215,984 $104,949 $359,392 Variable rate loans40,875 102,860 204,345 348,080 Total$79,334 $318