Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 84

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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-sensitive liabilities.

58

The tables below set forth examples of changes in estimated net interest income and the estimated net portfolio value based on projected scenarios of interest rate increases and decreases. The analyses indicate the rate risk embedded in the Company’s portfolio at the dates indicated should all interest rates instantaneously rise or fall. The results of these changes are added to or subtracted from the base case; however, there are certain limitations to these types of analyses. Rate changes are rarely instantaneous and these analyses may therefore overstate the impact of short-term repricings. In certain low interest rate environments, the calculated effects of the 100 and 200 basis point downward shocks cannot absolutely reflect the risk to earnings and equity, since the interest rates on certain balance sheet items have approached their minimums. Therefore, it is not possible for the analyses to fully measure the true impact of these downward shocks.

Net Portfolio Value - Performance Summary(In thousands)As of March 31, 2025As of December 31, 2024Projected Interest Rate ScenarioEstimated ValueChange from Base ($)Change from Base (%)Estimated ValueChange from Base ($)Change from Base (%)+200$100,562 $(6,733)(6.28)%$87,800 $(10,733)(10.89)%+100105,722 (1,573)(1.47)%94,983 (3,550)(3.60)%BASE107,295 — — 98,533 — — -100105,954 (1,341)(1.25)%98,886 353 0.36 %-200104,005 (3,290)(3.07)%96,159 (2,374)(2.41)%

Net Interest Income - Performance Summary(In thousands)March 31, 2025December 31, 2024Projected Interest Rate ScenarioEstimated ValueChange from Base ($)Change from Base (%)Estimated ValueChange from Base ($)Change from Base (%)+200$22,729 $389 1.74 %$28,274 $79 0.28 %+10022,737 397 1.78 %28,403 208 0.74 %BASE22,340 — — 28,195 — — -10022,216 (124)(0.56)%28,295 100 0.35 %-20022,586 246 1.10 %28,679