Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 245

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 245
---
 December 31, 2024Projected Interest Rate ScenarioEstimated ValueChange from Base ($)Change from Base (%)Estimated ValueChange from Base ($)Change from Base (%)+200$135,836 $(7,878)(5.48)%$87,800 $(10,733)(10.89)%+100141,194 (2,520)(1.75)%94,983 (3,550)(3.60)%BASE143,714 — — 98,533 — — -100144,471 756 0.53 %98,886 353 0.36 %-200143,745 31 0.02 %96,159 (2,374)(2.41)%

Net Interest Income - Performance Summary(In thousands)September 30, 2025December 31, 2024Projected Interest Rate ScenarioEstimated ValueChange from Base ($)Change from Base (%)Estimated ValueChange from Base ($)Change from Base (%)+200$25,700 $439 1.74 %$28,274 $79 0.28 %+10025,615 354 1.40 %28,403 208 0.74 %BASE25,261 — — 28,195 — — -10025,193 (68)(0.27)%28,295 100 0.35 %-20025,170 (91)(0.36)%28,679 484 1.72 %

Impact of Inflation and Changing Prices

The Company’s Consolidated Financial Statements have been prepared in terms of historical dollars, without considering changes in the relative purchasing power of money over time due to inflation. Unlike most industrial companies, virtually all of the assets and liabilities of a financial institution are monetary in nature. As a result, interest rates have a more significant impact on a financial institution’s performance than the effect of general levels of inflation. Interest rates do not necessarily move in the same direction or with the same magnitude as the prices of goods and services. Notwithstanding this, inflation can directly affect the value of loan collateral, in particular, real estate. Inflation, deflation or disinflation could significantly affect the Company’s earnings in future periods.

73

Item 4: Controls and Procedures 

Evaluation of Disclosure Controls and Procedures

Patriot maintains disclosure controls and procedures that are designed to provide reasonable assurance that information that is required to be disclosed in reports filed or