Company: PNBK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040370
Chunk: 231

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 231
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 on FHLB advances, net as the Bank did not require as much FHLB funding due to the net cash provided by lower loan originations and loan purchases. 

Management manages its capital resources by seeking to maintain a capital structure that will ensure an adequate level of capital to support anticipated asset growth and absorb potential losses while effectively leveraging capital to enhance profitability and return to shareholders. Dividends have not been paid to shareholders since 2020.

The primary source of liquidity at the Company is returns of capital from the Bank. The Private Placement provided liquidity to the Company for future debt service and payment of expenses. The capital returns from the Bank are subject to OCC approval and are needed periodically to provide funds needed to service debt payments at the Company.

Regulatory Capital Requirements

The following tables illustrate the Company’s and the Bank’s regulatory capital ratios at June 30, 2025 and December 31, 2024:                                                

June 30, 2025December 31, 2024Patriot National Bancorp, Inc.Patriot Bank, N.A.Patriot National Bancorp, Inc.Patriot Bank, N.A.(Dollar amounts in thousands)AmountRatioAmountRatioAmountRatioAmountRatioTotal Capital (to risk weighted assets)$103,357 16.48 %$102,531 16.34 %$44,534 6.07 %$56,536 7.71 %Individual minimum capital ratio— — %72,141 11.50 %— — %84,306 11.50 %Tier 1 Capital (to risk weighted assets)90,380 14.41 %97,902 15.61 %33,545 4.57 %55,546 7.58 %Individual minimum capital ratio— — %62,731 10.00 %— — %73,309 10.00 %Common Equity Tier 1 Capital (to risk weighted assets)82,380 13.14 %97,902 15.61 %25,545 3.48 %55,546 7.58 %Individual minimum capital ratio— — %62,731 10.00 %— — %73,309 10.00 %Tier 1 Leverage Capital (to average assets)90,380 9.32 %97,902