Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 23

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
 that used to determine the ACL for loans, modified to take into account the probability of a drawdown on the commitment. The ACL on unfunded loan commitments is classified as a liability account on the Consolidated Balance Sheets within other liabilities, while the corresponding provision for these credit losses is recorded as a component of provision for credit losses. The allowance for credit losses on unfunded commitments was $54,000 at September 30, 2025 and $182,000 at December 31, 2024. 

20

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

The following tables summarize the activity in the allowance for credit losses, allocated to segments of the loan portfolio, for the three months ended September 30, 2025 and 2024:(In thousands)Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Total Three Months Ended September 30, 2025Allowance for credit losses:June 30, 2025$2,436 $519 $1,785 $3,050 $5 $— $7,795 Charge-offs(144)— — (292)— — (436)Recoveries— 1 3 227 — — 231 Provisions (credits)212 285 1,642 (2,537)(5)— (403)(1)September 30, 2025$2,504 $805 $3,430 $448 $— $— $7,187 Three Months Ended September 30, 2024Allowance for credit losses:June 30, 2024$7,958 $678 $1,215 $5,133 $5 $— $14,989 Charge-offs(124)— (122)(1,266)— — (1,512)Recoveries— — 160 263 — — 423 Provisions (credits)1,211 (70)(197)143 (3)— 1,084 (2)September 30, 2024$9,045 $608 $1,056 $4,273 $2 $— $14,984 (1) The provision on credit losses included in the above table for the three months