Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 3

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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,081)$(7,778)$(3,380)Other comprehensive income (loss)Unrealized holding gain (loss) on securities797 (29)2,246 (629)Reclassification for realized loss on sale of investment securities— — — 24 Net change in unrealized gain (loss)797 (29)2,246 (605)Income tax (expense) benefit— (41)— 64 Other comprehensive income (loss), net of tax797 (70)2,246 (541)Comprehensive loss$(4,204)$(3,151)$(5,532)$(3,921)

See Accompanying Notes to Consolidated Financial Statements.

5

PATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) 

Three Months Ended June 30, 2025(In thousands, except shares)Number of Common StockNumber of Preferred StockPreferred StockCommonStockAccumulatedDeficit Accumulated Other Comprehensive (Loss) Income TotalBalance at March 31, 202573,725,29290,832$5,099 $155,964 $(89,685) $(14,232)$57,146 Comprehensive (loss) income:Net loss——— — (5,001) — (5,001)Unrealized holding gain on available-for-sale securities, net of tax——— — —  797 797 Total comprehensive (loss) income——— — (5,001) 797 (4,204)Preferred stock issuance—— — — — — Common stock issuance11,053,435—— 12,144 — — 12,144 Share-based compensation expense——— 1,115 —  — 1,115 Vesting of restricted stock1,017,501—— — — — — Balance at June 30, 202585,796,22890,832$5,099 $169,223 $(94,686) $(13,435)$66,201 

Six Months Ended June 30, 2025(In thousands, except shares)Number of Common StockNumber of Preferred StockPreferred StockCommonStockAccumulatedDeficitAccumulated Other Comprehensive (Loss) Income TotalBalance