PATRIOT NATIONAL BANCORP INC
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
PNBK$0.88+4.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands, except per share amounts) | 2026 | 2025 |
| Interest and Dividend Income | ||
| Interest and fees on loans | $10,030 | $9,980 |
| Interest on investment securities | 2,893 | 548 |
| Dividends on investment securities | 61 | 27 |
| Other interest income | 1,740 | 1,993 |
| Total interest and dividend income | 14,724 | 12,548 |
| Interest Expense | ||
| Interest on deposits | 7,258 | 7,798 |
| Interest on FHLB, FRB and correspondent bank borrowings | 93 | 98 |
| Interest on senior debt | — | 322 |
| Interest on subordinated debt | 297 | 375 |
| Interest on note payable | — | 1 |
| Total interest expense | 7,648 | 8,594 |
| Net interest income | 7,076 | 3,954 |
| (Recovery of) provision and credit loss expense | (181) | 733 |
| Net interest income after (recovery of) provision and credit loss expense | 7,257 | 3,221 |
| Non-interest Income | ||
| Loan application, inspection and processing fees | 115 | 211 |
| Deposit fees and service charges | 306 | 418 |
| (Loss) gain on sales of loans, net | — | 43 |
| Loss on sale of investment securities, net | (11) | — |
| Digital Payments income | 2,788 | 1,758 |
| Other income | 48 | 298 |
| Total non-interest income | 3,246 | 2,728 |
| Non-interest Expense | ||
| Salaries and benefits | 6,820 | 4,511 |
| Occupancy and equipment expense | 910 | 748 |
| Data processing expense | 380 | 385 |
| Professional and other outside services | 1,570 | 1,081 |
| Advertising and promotional expense | 44 | 153 |
| Loan administration and processing expense | 27 | 104 |
| Regulatory assessments | 480 | 455 |
| Insurance expense, net | 247 | 70 |
| Communications, stationary and supplies | 415 | 228 |
| Other operating expense | 1,352 | 990 |
| Total non-interest expense | 12,245 | 8,725 |
| Loss before income taxes | (1,742) | (2,776) |
| (Benefit) provision for income taxes | 13 | 1 |
| Net loss | $(1,755) | $(2,777) |
| Basic loss per share | $(0.02) | $(0.21) |
| Diluted loss per share | $(0.02) | $(0.21) |
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