PATRIOT NATIONAL BANCORP INC
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
PNBK$0.84-4.7%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of December 31, and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| Assets | ||
| Cash and due from banks: | ||
| Noninterest bearing deposits and cash | $2,411 | $3,295 |
| Interest bearing deposits | 183,980 | 144,273 |
| Restricted cash | 20,736 | 15,042 |
| Total cash, cash equivalents and restricted cash | 207,127 | 162,610 |
| Investment securities: | ||
| Available-for-sale securities, at fair value | 224,677 | 79,992 |
| Other investments, at cost | — | 4,450 |
| Total investment securities | 224,677 | 84,442 |
| Federal Reserve Bank (FRB) stock, at cost | 2,961 | 1,377 |
| Federal Home Loan Bank (FHLB) stock, at cost | 679 | 779 |
| Loans receivable (net of allowance for credit losses: 2025: $(6,839) and 2024: $(7,305)) | 585,723 | 700,167 |
| Loans held for sale | 24,513 | 15,702 |
| Accrued interest and dividends receivable | 4,869 | 5,488 |
| Premises and equipment, net | 28,116 | 28,865 |
| Other real estate owned | — | 2,843 |
| Deferred tax asset, net | — | — |
| Core deposit intangible, net | 109 | 156 |
| Other assets | 9,066 | 9,863 |
| Total assets | $1,087,840 | $1,012,292 |
| Liabilities | ||
| Deposits: | ||
| Noninterest bearing deposits | $106,766 | $119,212 |
| Interest bearing deposits | 859,020 | 847,385 |
| Total deposits | 965,786 | 966,597 |
| FHLB, FRB and correspondent bank borrowings | — | 3,000 |
| Senior notes, net | — | 11,861 |
| Subordinated debt, net | 8,289 | 9,898 |
| Junior subordinated debt owed to unconsolidated trust, net | 8,157 | 8,147 |
| Note payable | — | 162 |
| Advances from borrowers for taxes and insurance | 893 | 1,472 |
| Accrued expenses and other liabilities | 10,035 | 6,890 |
| Total liabilities | 993,160 | 1,008,027 |
| Shareholders' equity | ||
| Common stock, $0.01 par value; authorized 200,000,000 2025 issued shares 115,070,413; outstanding shares 114,996,672; 2024 issued shares 4,065,593; outstanding shares 3,991,852 | 1,151 | 41 |
| Additional paid-in capital | 206,446 | 107,992 |
| Accumulated deficit | (99,619) | (86,908) |
| Accumulated other comprehensive loss | (12,119) | (15,681) |
| Treasury stock | (1,179) | (1,179) |
| Total shareholders' equity | 94,680 | 4,265 |
| Total liabilities and shareholders' equity | $1,087,840 | $1,012,292 |
2025 FORM 10-K 42
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