Patriot National Bancorp Inc (OQ:PNBK)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 900 Bedford Street STAMFORD CT 06901 |
| Tel: | N/A |
| Website: | https://bankpatriot.com |
| IR: | See website |
| Key People | ||
| Michael A. Carrazza Chairman of the Board | David Lowery President, Chief Executive Officer, Director | Joseph D. Perillo Chief Financial Officer, Executive Vice President of the Company and Bank |
| Frederick K. Staudmyer Secretary, Chief Human Resources Officer of the Company and Executive Vice President and Chief Administrative Officer of Patriot Bank, N.A. | Steven Grunblatt Executive Vice President, Chief Information Officer of the Bank | Alfred Botta Executive Vice President, Chief Payments Officer of the Bank |
| Thomas E. Slater Executive Vice President and Chief Credit Officer of the Bank | Joshua Oliver Acting Chief Risk and Compliance Officer | |
| Business Overview |
| Patriot National Bancorp, Inc. is a one-bank holding company for Patriot Bank, N.A (the Bank). The Bank has a total of nine branch offices comprised of eight branch offices located in Fairfield and New Haven Counties, Connecticut and one branch office located in Westchester County, New York. It offers commercial real estate loans, commercial business loans, small business administration (SBA) loans and a variety of consumer loans to individuals, small and medium-sized businesses and professionals. Its consumer and commercial deposit accounts offering include checking, interest-bearing negotiable order of withdrawal, money market, time certificates of deposit, savings, prepaid deposit accounts, on-line national money market accounts, certificate of deposit account registry service, individual retirement accounts and others. Other services offered by the Bank include lockbox, Internet banking, bill paying, remote deposit capture, debit cards, money orders, travelers' checks, and ATMs. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Patriot National Bancorp Inc interest income increased 34% to $59M. Net interest income after loan loss provision decreased 33% to $21.1M. Net loss totaled $4.2M vs. income of $6.2M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 19% to 2.79%, Net Interest Spread - Total - % decrease of 25% to 2.29%. |
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