Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 24

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 ended September 30, 2025 does not include the credit on unfunded loan commitments of $27,000.(2) The provision on credit losses included in the above table for the three months ended September 30, 2024 does not include the credit on unfunded loan commitments of $58,000.

The following tables summarize the activity in the allowance for credit losses, allocated to segments of the loan portfolio, for the nine months ended September 30, 2025 and 2024:(In thousands)CommercialReal Estate Residential Real Estate CommercialandIndustrial ConsumerandOther Construction ConstructiontoPermanent- CRE Total Nine Months Ended September 30, 2025      Allowance for credit losses:      December 31, 2024$2,241 $596 $1,077 $3,386 $5 $— $7,305 Charge-offs(779)— (130)(1,962)— — (2,871)Recoveries— 1 109 688 — — 798 Provisions (credits)1,042 208 2,374 (1,664)(5)— 1,955 (3)September 30, 2025$2,504 $805 $3,430 $448 $— $— $7,187 Nine Months Ended September 30, 2024Allowance for credit losses:December 31, 2023$6,089 $607 $1,269 $7,843 $4 $113 $15,925 Charge-offs(282)(21)(936)(5,638)— — (6,877)Recoveries— — 238 828 — — 1,066 Provisions (credits)3,238 22 485 1,240 (2)(113)4,870 (4)September 30, 2024$9,045 $608 $1,056 $4,273 $2 $— $14,984 (3) The provision on credit losses for the nine months ended September 30, 2025 does not include the credit on unfunded loan commitments of $128,000.

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

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