Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 15

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 were pledged primarily to secure borrowings from the FHLB and FRB.

15

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

The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of September 30, 2025 and December 31, 2024. The mortgages underlying the mortgage-backed securities are not due at a single maturity date. Additionally, these mortgages often are and generally may be pre-paid without penalty, creating a degree of uncertainty that such investments can be held until maturity. For convenience, mortgage-backed securities have been included in the summary as a separate line item.(In thousands)Amortized CostFair ValueDue Within 5 years Due After 5 years through 10 years Due After 10 yearsTotalDue Within 5 years Due After 5 years through 10 years Due After 10 yearsTotalSeptember 30, 2025:Corporate bonds$—  $15,996  $— $15,996 $—  $13,495  $— $13,495 Subordinated notes3,000  1,000  — 4,000 2,723  902  — 3,625 SBA loan pools—  —  4,146 4,146 —  —  3,339 3,339 Municipal bonds—  —  — — —  —  — — Available-for-sale securities with stated maturity dates3,000  16,996  4,146 24,142 2,723  14,397  3,339 20,459 U. S. Government agency and mortgage-backed securities—  5,146  92,756 97,902 —  4,371  80,719 85,090 Total available-for-sale securities$3,000  $22,142  $96,902 $122,044 $2,723  $18,768  $84,058 $105,549 December 31, 2024:Corporate bonds$—  $15,996  $— $15,996 $—  $12