Patriot National Bancorp (PNBK) risk factors, FY2024 10-K

Patriot National Bancorp's FY2024 10-K, filed Apr 15, 2025, lists 22 risk factors in 10 groups. The prior 10-K is not in Gloom's records, so the most company-specific risks are listed below.

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Risk factors listed
2210 groups
Section length
5k wordsItem 1A

Patriot National Bancorp's biggest risks in the FY2024 10-K

  • Commercial real estate is a material share of assets, and repayment depends on property operations and values.
  • Lending is concentrated in Fairfield and New Haven counties and the New York metropolitan area, with much of the portfolio secured by real estate.
  • Interest-rate changes can affect both lending profits and the value of the available-for-sale securities portfolio.

The risks most specific to Patriot National Bancorp

  • Risks Related to General Economic and Market Conditions

    The Bank’s business is subject to various lending and other economic risks that could adversely impact its results of operations and financial condition

    A slowdown in Fairfield or New Haven counties or the New York metropolitan area could increase loan delinquencies and problem assets.

  • Credit Risk

    The risks involved in the Bank’s commercial real estate loan portfolio are material

    Commercial real estate is a material portion of Bank assets, and loan repayment often depends on successful property operations.

  • Credit Risk

    Real estate lending involves risks related to a decline in value of commercial and residential real estate

    A decline in regional or national real estate values could harm the Bank because many loans are secured by property.

  • Credit Risk

    The Bank’s allowance for credit losses may not be adequate to cover actual losses

    The Bank’s credit-loss allowance may fall short of actual losses if its estimates of loan risks and future trends prove inadequate.

  • Market Risk

    Patriot’s investment portfolio includes securities that are sensitive to interest rates and variations in interest rates may adversely impact Patriot’s profitability

    Interest-rate increases or other fluctuations can affect the value and reported equity impact of the available-for-sale portfolio, mainly corporate debt and mortgage-backed securities.

  • Liquidity Risk

    Patriot is subject to certain risks with respect to liquidity

    The Bank may lack sufficient cash to fund loan commitments, repay wholesale borrowings and other liabilities, or meet customer deposit withdrawals.

  • Technology Risks

    A breach of information security could adversely affect Patriot’s operations or reputation and create significant legal and financial exposure

    Denial-of-service, hacking, malware, or ransomware attacks could expose confidential information, disrupt operations, or create legal and financial costs.

  • Risks Related to Our Business Operations

    Patriot is dependent on its locally-based management team and the loss of its senior executive officers or other key employees could impair its relationship with its customers and adversely affect its business and financial results

    Losing locally based senior managers or other key employees could weaken customer relationships and leave the Bank without their market knowledge and experience.

All 22 risk factors

Headings as the filing states them, in filing order.

Risks Related to General Economic and Market Conditions

  1. 01We have been and may continue to be adversely affected by national financial markets and economic conditions, as well as local conditions
  2. 02The Bank’s business is subject to various lending and other economic risks that could adversely impact its results of operations and financial condition

Market Risk

  1. 03The Bank’s business is subject to interest rate risk and variations in interest rates may negatively affect the Bank’s financial performance
  2. 04Patriot’s investment portfolio includes securities that are sensitive to interest rates and variations in interest rates may adversely impact Patriot’s profitability
  3. 05Inflationary pressures and rising prices may affect our results of operations and financial condition

Credit Risk

  1. 06The risks involved in the Bank’s commercial real estate loan portfolio are material
  2. 07Real estate lending involves risks related to a decline in value of commercial and residential real estate
  3. 08The Bank’s allowance for credit losses may not be adequate to cover actual losses

Risks Related to Our Business Operations

  1. 09Patriot is dependent on its locally-based management team and the loss of its senior executive officers or other key employees could impair its relationship with its customers and adversely affect its business and financial results
  2. 10Natural disasters, acts of war or terrorism, the impact of health epidemics and other adverse external events could detrimentally affect our financial condition and results of operations
  3. 11Patriot is subject to certain general affirmative debt covenants, which if it cannot comply, may result in default and actions taken against it by its debt holders
  4. 12The Bank is subject to environmental liability risk associated with its lending activities
  5. 13The Company relies on the dividends and return of capital it receives from its subsidiary

Technology Risks

  1. 14A breach of information security could adversely affect Patriot’s operations or reputation and create significant legal and financial exposure
  2. 15Risks associated with changes in technology

Regulatory, Compliance and Legal Risks

  1. 16Government regulation may have an adverse effect on Patriot’s profitability and growth
  2. 17The Bank may be required to pay significantly higher FDIC premiums, special assessments, or taxes that could adversely affect its earnings
  3. 18Patriot is subject to risks associated with taxation
  4. 19Changing regulation of corporate governance and public disclosure

Competition Risks

  1. 20Strong competition in Patriot’s geographical market could limit growth and profitability

Liquidity Risk

  1. 21Patriot is subject to certain risks with respect to liquidity

Risks Related to the Company’s Common Stock

  1. 22The price of the Company’s common stock may fluctuate

Other Patriot National Bancorp 10-Ks

  • FY2025 10-K risk factors
    35 risks28 new15 dropped6 reworded

    The OCC’s January 2025 Formal Agreement and troubled-condition designation now dominate the risk profile, requiring broad remediation and restricting flexibility.

    Filed Mar 31, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.