Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 151

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 151
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779 463 Individually evaluated loans, Total:Commercial Real Estate23,708 40,097 278 19,335 35,193 403 Commercial and Industrial2,922 7,428 — 3,323 4,061 60 Construction to permanent - CRE2,357 2,476 32 2,357 2,476 — Total$28,987 $50,001 $310 $25,015 $41,730 $463 

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Table of ContentsPATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements (Unaudited)

The following table summarizes additional information regarding individually evaluated loans by segment for the three months ended March 31, 2025 and 2024:Three Month Ended March 31,(In thousands)20252024Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded:Commercial Real Estate$17,696 $18 $6,286 $37 Commercial and Industrial3,070 — 2,855 44 Construction— — 442 — Construction to permanent - CRE— — 2,464 — 20,766 18 12,047 81 With a related allowance recorded:Commercial Real Estate6,688 — 9,781 — Commercial and Industrial— — 1,005 — Construction to permanent - CRE2,357 — — — 9,045 — 10,786 — Individually evaluated loans, Total:Commercial Real Estate24,384 18 16,067 37 Commercial and Industrial3,070 — 3,860 44 Construction— — 442 — Construction to permanent - CRE2,357 — 2,464 — Total$29,811 $18 $22,833 $81 Credit losses for loans that no longer share similar risk characteristics with the collectively evaluated pools are excluded from the collective evaluation and estimated on an individual basis (individually evaluated loans). Individual evaluations are performed for nonaccrual loans in excess of $100,000 as well as selected substandard loans. Specific allowances were estimated based on one of several methods, including the estimated fair value of the underlying collateral, observable market value of similar debt or the present value of expected cash