Company: PNBK
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001628280-25-017837
Chunk: 11

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 11
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46 47 Amortization of servicing assets of sold SBA loans229 114 98 Impairment of intangible assets— 1,107 — Provision for credit losses12,455 7,429 1,885 Depreciation and amortization1,078 1,193 1,325 Loss (gain) on sales of available-for-sale securities334 (24)— Gain on sale of premises and equipment(3)— — Share-based compensation184 105 86 Decrease (increase) in deferred tax assets23,100 (4,211)1,490 Increase in deferred tax liabilities724 — — Originations of loans held for sale, net(577,242)(189,453)(23,972)Proceeds from sale of loans held for sale581,560 174,066 23,077 Gains on sale of loans held for sale, net(440)(169)(1,461)Changes in assets and liabilities:Decrease in accrued interest and dividends receivable1,731 48 (1,445)(Increase) decrease in other assets(1,123)1,750 (879)Decrease in accrued expenses and other liabilities(103)(500)(2,085)Net cash provided by (used in) operating activities2,683 (10,715)7,036 Cash Flows from Investing Activities:Proceeds from maturity or sales on available-for-sale securities8,325 1,780 3,600 Principal repayments on available-for-sale securities3,629 4,324 6,723 Purchases of available-for-sale securities(2,319)(10,415)(19,330)Redemptions of FRB stock713 537 216 Redemptions (purchases) of FHLB stock3,423 (328)310 Origination of loans receivable(48,936)(145,531)(211,383)Purchases of loans receivable(187)(21,108)(141,412)Payments received on loans receivable170,405 143,977 239,639 Purchases of premises and equipment(55)(412)(414)Proceeds from sale of premises and equipment13 — — Net cash provided by (used in) investing activities135,011 (27,176)(122,051)Cash Flows from Financing Activities:Increase (decrease) in deposits