Company: PNBK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052358
Chunk: 6

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 assets— 23,100 (Decrease) increase in deferred tax liabilities(52)723 Originations of loans held for sale, net(627,502)(415,600)Proceeds from sale of loans held for sale620,827 421,924 Loss (gain) on sale of loans, net1,908 (402)Write-down of other real estate owned77 — Changes in assets and liabilities:  Decrease in accrued interest and dividends receivable1,231 1,287 Decrease (increase) in other assets1,969 (361)Decrease in accrued expenses and other liabilities(3,900)(1,105)Net cash (used in) provided by operating activities(10,128)5,255 Cash Flows from Investing Activities:Proceeds from maturity or sales on available-for-sale securities— 2,281 Principal repayments on available-for-sale securities2,908 2,987 Purchases of available-for-sale securities(24,540)(2,319)Purchases of FRB stock(1,075)(19)Redemptions of FHLB stock100 729 Payments received on loans receivable, net144,953 88,521 Purchases of loans receivable(26,040)(127)Proceeds from maturity or sales on other investments4,450 — Purchases of premises and equipment(92)(152)Proceeds from sale of premises and equipment1 13 Proceeds from sale of other real estate owned2,766 — Net cash provided by investing activities103,431 91,914 Cash Flows from Financing Activities:  Decrease in deposits, net(135,742)(15,422)(Repayments) proceeds from FHLB daily borrowing, net(3,000)22,800 Repayments of FHLB long term borrowings— (30,000)Proceeds from FRB and correspondent bank borrowings70,000 22,000 Repayments of FRB and correspondent bank borrowings(70,000)(92,000)Principal repayments of senior notes(3,046)— Principal repayments of note payable(162)(160)Increase in advances from borrowers for taxes and insurance919 1,849 Proceeds from preferred stock issuance5,450 — Private Placement Costs for preferred stock(351)— Proceeds from common stock issuance85,572 — Private Placement Costs for