Company: PNBK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025485
Chunk: 81

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 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.

56

Regulatory Capital Requirements

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

March 31, 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)$93,939 13.41 %$98,985 14.13 %$44,534 6.07 %$56,536 7.71 %Individual minimum capital ratio— — %80,533 11.50 %— — %84,306 11.50 %Tier 1 Capital (to risk weighted assets)82,111 11.72 %95,345 13.62 %33,545 4.57 %55,546 7.58 %Individual minimum capital ratio— — %70,029 10.00 %— — %73,309 10.00 %Common Equity Tier 1 Capital (to risk weighted assets)74,111 10.58 %95,345 13.62 %25,545 3.48 %55,546 7.58 %Individual minimum capital ratio— — %70,029 10.00 %— — %73,309 10.00 %Tier 1 Leverage Capital (to average assets)82,111 7.95 %95,345 9.23 %33,545 3.50 %55,546 5.79 %Individual minimum capital ratio— — %92,991 9.