Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 201

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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536 7.71 %Individual minimum capital ratio— — %80,533 11.50 %— — %84,306 11.50 %Tier 1 Capital (to risk weighted assets)82,111 11.72 %95,345 13.62 %33,545 4.57 %55,546 7.58 %Individual minimum capital ratio— — %70,029 10.00 %— — %73,309 10.00 %Common Equity Tier 1 Capital (to risk weighted assets)74,111 10.58 %95,345 13.62 %25,545 3.48 %55,546 7.58 %Individual minimum capital ratio— — %70,029 10.00 %— — %73,309 10.00 %Tier 1 Leverage Capital (to average assets)82,111 7.95 %95,345 9.23 %33,545 3.50 %55,546 5.79 %Individual minimum capital ratio— — %92,991 9.00 %— — %86,306 9.00 %

Capital adequacy is one of the most important factors used to determine the safety and soundness of individual banks and the banking system. Under the regulatory framework for prompt correction action, to be considered “well capitalized,” an institution must generally have a leverage capital ratio of at least 5.0%, CET1 capital ratio at least 6.5%, a Tier 1 risk-based capital ratio of at least 8.0% and a total risk-based capital ratio of at least 10%. However, the OCC has the discretion to require increased capital ratios. 

On April 17, 2024, based on its supervisory profile, the Bank was notified by the OCC that it established individual minimum capital ratios ("IMCR") for the Bank. Specifically, the Bank is required to maintain the following ratios: a common equity tier 1 capital ratio of 10.00%, a Tier 1 capital ratio of 10.00%, a Tier 1 leverage ratio of 9.00% and a total capital ratio of 11.50%.

As of December 31, 2024, the Bank did not meet any of its regulatory capital requirements. On January