2021 Q4 Form 10-Q Financial Statement

#000143774921026094 Filed on November 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $7.960M $9.031M
YoY Change -11.86% -17.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $390.0K $400.0K $380.0K
YoY Change 2.63% 5.26% -11.63%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.670M $3.125M
YoY Change -46.56% -34.47%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $633.0K $1.802M -$93.00K
YoY Change -169.56% -2037.63% -365.71%
Income Tax -$1.260M $479.0K -$6.000K
% Of Pretax Income -199.05% 26.58%
Net Earnings $1.900M $1.323M -$87.00K
YoY Change -237.68% -1620.69% -422.22%
Net Earnings / Revenue 16.62% -0.96%
Basic Earnings Per Share $0.34 -$0.02
Diluted Earnings Per Share $484.7K $0.34 -$0.02
COMMON SHARES
Basic Shares Outstanding 3.948M 3.947M 3.936M
Diluted Shares Outstanding 3.948M 3.936M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $47.05M $46.27M $49.64M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $31.50M $32.64M $33.63M
YoY Change -5.75% -2.96% -3.59%
Goodwill $1.107M $1.107M $1.107M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.10M $10.40M $12.10M
YoY Change 5.22% -14.05% 5.22%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $948.5M $952.3M $922.9M
YoY Change 7.69% 3.19% -5.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $10.80M $8.000M $7.600M
YoY Change 47.95% 5.26% -11.63%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.80M $8.000M $7.600M
YoY Change 47.95% 5.26% -11.63%
LONG-TERM LIABILITIES
Long-Term Debt $30.70M $30.70M $30.80M
YoY Change -0.32% -0.32% -0.32%
Other Long-Term Liabilities $1.100M $2.300M $2.500M
YoY Change -71.05% -8.0% 13.64%
Total Long-Term Liabilities $31.80M $33.00M $33.30M
YoY Change -8.09% -0.9% 0.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.80M $8.000M $7.600M
Total Long-Term Liabilities $31.80M $33.00M $33.30M
Total Liabilities $881.1M $885.6M $858.4M
YoY Change 7.78% 3.18% -5.02%
SHAREHOLDERS EQUITY
Retained Earnings -$37.50M -$39.39M -$41.21M
YoY Change -11.96% -4.41% 10.71%
Common Stock $106.5M $106.4M $106.3M
YoY Change 0.14% 0.14% 0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $67.34M $66.70M $64.54M
YoY Change
Total Liabilities & Shareholders Equity $948.5M $952.3M $922.9M
YoY Change 7.69% 3.19% -5.05%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $1.900M $1.323M -$87.00K
YoY Change -237.68% -1620.69% -422.22%
Depreciation, Depletion And Amortization $390.0K $400.0K $380.0K
YoY Change 2.63% 5.26% -11.63%
Cash From Operating Activities $3.790M $3.320M $3.570M
YoY Change -46.09% -7.0% 130.32%
INVESTING ACTIVITIES
Capital Expenditures -$70.00K -$180.0K -$40.00K
YoY Change -177.78% 350.0% -63.64%
Acquisitions
YoY Change
Other Investing Activities $4.360M -$65.13M $37.20M
YoY Change -76.3% -275.08% 809.54%
Cash From Investing Activities $4.300M -$65.32M $37.16M
YoY Change -76.74% -275.78% 833.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.310M -7.930M -56.99M
YoY Change -81.96% -86.09% 756.99%
NET CHANGE
Cash From Operating Activities 3.790M 3.320M 3.570M
Cash From Investing Activities 4.300M -65.32M 37.16M
Cash From Financing Activities -7.310M -7.930M -56.99M
Net Change In Cash 780.0K -69.93M -16.26M
YoY Change -105.2% 330.07% 1351.79%
FREE CASH FLOW
Cash From Operating Activities $3.790M $3.320M $3.570M
Capital Expenditures -$70.00K -$180.0K -$40.00K
Free Cash Flow $3.860M $3.500M $3.610M
YoY Change -44.38% -3.05% 117.47%

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CY2021Q3 us-gaap Occupancy Net
OccupancyNet
832000 USD
CY2020Q3 us-gaap Occupancy Net
OccupancyNet
810000 USD
us-gaap Occupancy Net
OccupancyNet
2530000 USD
us-gaap Occupancy Net
OccupancyNet
2680000 USD
CY2021Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
376000 USD
CY2020Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
433000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1088000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1194000 USD
CY2021Q3 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
633000 USD
CY2020Q3 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
627000 USD
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
2199000 USD
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
2137000 USD
CY2021Q3 pnbk Project Expenses
ProjectExpenses
4000 USD
CY2020Q3 pnbk Project Expenses
ProjectExpenses
6000 USD
pnbk Project Expenses
ProjectExpenses
15000 USD
pnbk Project Expenses
ProjectExpenses
154000 USD
CY2021Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
57000 USD
CY2020Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
107000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
196000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
377000 USD
CY2021Q3 us-gaap Loan Processing Fee
LoanProcessingFee
23000 USD
CY2020Q3 us-gaap Loan Processing Fee
LoanProcessingFee
75000 USD
us-gaap Loan Processing Fee
LoanProcessingFee
61000 USD
us-gaap Loan Processing Fee
LoanProcessingFee
135000 USD
CY2021Q3 pnbk Regulatory Assessments
RegulatoryAssessments
213000 USD
CY2020Q3 pnbk Regulatory Assessments
RegulatoryAssessments
355000 USD
pnbk Regulatory Assessments
RegulatoryAssessments
649000 USD
pnbk Regulatory Assessments
RegulatoryAssessments
1159000 USD
CY2021Q3 pnbk General Insurance Income Expense
GeneralInsuranceIncomeExpense
79000 USD
CY2020Q3 pnbk General Insurance Income Expense
GeneralInsuranceIncomeExpense
67000 USD
pnbk General Insurance Income Expense
GeneralInsuranceIncomeExpense
214000 USD
pnbk General Insurance Income Expense
GeneralInsuranceIncomeExpense
215000 USD
CY2021Q3 pnbk Material And Communications
MaterialAndCommunications
161000 USD
CY2020Q3 pnbk Material And Communications
MaterialAndCommunications
118000 USD
pnbk Material And Communications
MaterialAndCommunications
450000 USD
pnbk Material And Communications
MaterialAndCommunications
371000 USD
CY2021Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
490000 USD
CY2020Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
560000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1484000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1491000 USD
CY2021Q3 us-gaap Noninterest Expense
NoninterestExpense
5711000 USD
CY2020Q3 us-gaap Noninterest Expense
NoninterestExpense
6618000 USD
us-gaap Noninterest Expense
NoninterestExpense
16392000 USD
us-gaap Noninterest Expense
NoninterestExpense
20879000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1802000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-93000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4380000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3248000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
479000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1181000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-811000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1323000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-87000 USD
us-gaap Net Income Loss
NetIncomeLoss
3199000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2437000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.62
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1323000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-87000 USD
us-gaap Net Income Loss
NetIncomeLoss
3199000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2437000 USD
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-500000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
553000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
352000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-193000 USD
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-128000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
143000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
92000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-50000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
26000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
119000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
7000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
31000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
CY2021Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-391000 USD
CY2020Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
410000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
172000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-143000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-104000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
149000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-27000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
39000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
64000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
149000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
17000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
39000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-124000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-515000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
410000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
172000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-143000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
808000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
323000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3371000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2580000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
65862000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1323000 USD
CY2021Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-391000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-124000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
808000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
30000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
66700000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
63219000 USD
us-gaap Net Income Loss
NetIncomeLoss
3199000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
172000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3371000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
110000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
66700000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
64172000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-87000 USD
CY2020Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
410000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
323000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
42000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
64537000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
66994000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2437000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-143000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2580000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
123000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
64537000 USD
us-gaap Net Income Loss
NetIncomeLoss
3199000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2437000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-253000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-168000 USD
pnbk Amortization And Accretion Of Purchase Loan Premiums And Discounts Net
AmortizationAndAccretionOfPurchaseLoanPremiumsAndDiscountsNet
-1388000 USD
pnbk Amortization And Accretion Of Purchase Loan Premiums And Discounts Net
AmortizationAndAccretionOfPurchaseLoanPremiumsAndDiscountsNet
-589000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
83000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
84000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
56000 USD
pnbk Amortization Of Servicing Assets Of Sold Loans
AmortizationOfServicingAssetsOfSoldLoans
15000 USD
pnbk Amortization Of Servicing Assets Of Sold Loans
AmortizationOfServicingAssetsOfSoldLoans
15000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-300000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1799000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1135000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1144000 USD
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
119000 USD
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
110000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
123000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1083000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-883000 USD
pnbk Payments For Origination Of Sba Loans Held For Sale
PaymentsForOriginationOfSBALoansHeldForSale
6505000 USD
pnbk Payments For Origination Of Sba Loans Held For Sale
PaymentsForOriginationOfSBALoansHeldForSale
1694000 USD
us-gaap Proceeds From Sale Of Other Loans Held For Sale
ProceedsFromSaleOfOtherLoansHeldForSale
3665000 USD
us-gaap Proceeds From Sale Of Other Loans Held For Sale
ProceedsFromSaleOfOtherLoansHeldForSale
6096000 USD
pnbk Gain Loss On Sale Of Sba Loans Held For Sale Net
GainLossOnSaleOfSBALoansHeldForSaleNet
352000 USD
pnbk Gain Loss On Sale Of Sba Loans Held For Sale Net
GainLossOnSaleOfSBALoansHeldForSaleNet
464000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
2000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-21000 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-434000 USD
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
3231000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1833000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
674000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1516000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1465000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3805000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-753000 USD
pnbk Proceeds From Sale And Maturities Of Debt Securities Available For Sale
ProceedsFromSaleAndMaturitiesOfDebtSecuritiesAvailableForSale
53706000 USD
pnbk Proceeds From Sale And Maturities Of Debt Securities Available For Sale
ProceedsFromSaleAndMaturitiesOfDebtSecuritiesAvailableForSale
0 USD
pnbk Proceeds From Principal Repayments On Debt Securities Available For Sale
ProceedsFromPrincipalRepaymentsOnDebtSecuritiesAvailableForSale
7686000 USD
pnbk Proceeds From Principal Repayments On Debt Securities Available For Sale
ProceedsFromPrincipalRepaymentsOnDebtSecuritiesAvailableForSale
6674000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
136134000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
6541000 USD
us-gaap Payments For Proceeds From Federal Reserve Bank Stock
PaymentsForProceedsFromFederalReserveBankStock
60000 USD
us-gaap Payments For Proceeds From Federal Reserve Bank Stock
PaymentsForProceedsFromFederalReserveBankStock
-114000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
506000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
26000 USD
pnbk Proceeds From Payments For Originated Loans Receivable Net
ProceedsFromPaymentsForOriginatedLoansReceivableNet
94457000 USD
pnbk Proceeds From Payments For Originated Loans Receivable Net
ProceedsFromPaymentsForOriginatedLoansReceivableNet
95464000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
80201000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
31525000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
364000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
158000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1908000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
425000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59508000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
64427000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
49017000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-92102000 USD
pnbk Payments To Acquire Prepaid Debit Card Deposit
PaymentsToAcquirePrepaidDebitCardDeposit
-0 USD
pnbk Payments To Acquire Prepaid Debit Card Deposit
PaymentsToAcquirePrepaidDebitCardDeposit
-49998000 USD
us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
20000000 USD
us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
-10000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
152000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
149000 USD
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-1533000 USD
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-1189000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67332000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53442000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11629000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10232000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34636000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
39404000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46265000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
49636000 USD
us-gaap Interest Paid Net
InterestPaidNet
5306000 USD
us-gaap Interest Paid Net
InterestPaidNet
12237000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
47000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-193000 USD
pnbk Decrease Increase In Premises And Equipment
DecreaseIncreaseInPremisesAndEquipment
-119000 USD
pnbk Decrease Increase In Premises And Equipment
DecreaseIncreaseInPremisesAndEquipment
50000 USD
pnbk Reclass Of Premises And Equipment To Implementation Cost
ReclassOfPremisesAndEquipmentToImplementationCost
52000 USD
pnbk Reclass Of Premises And Equipment To Implementation Cost
ReclassOfPremisesAndEquipmentToImplementationCost
0 USD
pnbk Decrease Increase In Accrued Expense And Other Liabilities
DecreaseIncreaseInAccruedExpenseAndOtherLiabilities
67000 USD
pnbk Decrease Increase In Accrued Expense And Other Liabilities
DecreaseIncreaseInAccruedExpenseAndOtherLiabilities
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us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
5022000 USD
pnbk Noncash Activity Increase In Operating Lease Rightofuse Assets
NoncashActivityIncreaseInOperatingLeaseRightofuseAssets
0 USD
pnbk Noncash Activity Increase In Operating Lease Rightofuse Assets
NoncashActivityIncreaseInOperatingLeaseRightofuseAssets
57000 USD
pnbk Noncash Activity Increase In Operating Lease Liabilities
NoncashActivityIncreaseInOperatingLeaseLiabilities
0 USD
pnbk Noncash Activity Increase In Operating Lease Liabilities
NoncashActivityIncreaseInOperatingLeaseLiabilities
-57000 USD
pnbk Capitalized Servicing Assets
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74000 USD
pnbk Capitalized Servicing Assets
CapitalizedServicingAssets
115000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-370000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
609000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 45pt;"> <p style="margin: 0pt; text-align: left; font-family: Times New Roman;Times New Roman&quot;; font-size: 10pt;"><span style="font-size:10pt;"><b>Note <em style="font: inherit;">1.</em></b></span><b> </b></p> </td><td style="width: auto;"> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"><b>Basis of Financial Statement Presentation</b></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The accompanying unaudited interim condensed consolidated financial statements of Patriot National Bancorp, Inc. (the “Company”) and its wholly-owned subsidiaries Patriot Bank, N.A. (the “Bank”), Patriot National Statutory Trust I and PinPat Acquisition Corporation (collectively, “Patriot”), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been omitted. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included on the Annual Report on Form <em style="font: inherit;">10</em>-K for the year ended <em style="font: inherit;"> December 31, 2020.</em></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The consolidated balance sheet at <em style="font: inherit;"> December 31, 2020 </em>presented herein has been derived from the audited consolidated financial statements of the Company at that date, but does <em style="font: inherit;">not</em> include all of the information and footnotes required by US GAAP for complete financial statements.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and to disclose contingent assets and liabilities. Actual results could differ from those estimates. Management has identified accounting for the allowance for loan and lease losses, the analysis and valuation of its investment securities, the valuation of deferred tax assets, the impairment of goodwill, the valuation of derivatives, and the valuation of servicing assets as certain of the Company’s more significant accounting policies and estimates, in that they are critical to the presentation of the Company’s consolidated financial condition and results of operations. As they concern matters that are inherently uncertain, these estimates require management to make subjective and complex judgments in the preparation of the Company’s consolidated financial statements.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The information furnished reflects, in the opinion of management, all normal recurring adjustments necessary for a fair presentation of the results for the interim periods presented. The results of operations for the <em style="font: inherit;">three</em> and <em style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 30, 2021 </em>are <em style="font: inherit;">not</em> necessarily indicative of the results of operations that <em style="font: inherit;"> may </em>be expected for the remainder of <em style="font: inherit;">2021.</em></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"/><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">COVID-<em style="font: inherit;">19</em> Impact</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">In <em style="font: inherit;"> March 2020, </em>the World Health Organization declared novel coronavirus disease <em style="font: inherit;">2019</em> ("COVID-<em style="font: inherit;">19"</em>) as a global pandemic. The COVID-<em style="font: inherit;">19</em> pandemic has negatively impacted the global and U.S. economies. Many businesses in the U.S., including those in the markets we serve, were required to close, causing a significant increase in unemployment and loss of revenue.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The consolidated financial statements reflect estimates and assumptions that affect the reported amounts of assets and liabilities, including the amount of the allowance for loan losses. The assumptions and estimates used in the financial statements were impacted by the COVID-<em style="font: inherit;">19</em> pandemic.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The COVID-<em style="font: inherit;">19</em> pandemic has resulted in significant economic disruption affecting our business and the clients we serve. As vaccination efforts continue, restrictions on businesses have been lifted and a return to more normal economic activity has begun.  However, the extent of the remaining impact will depend on future developments, which are uncertain. While <em style="font: inherit;">not</em> expected, a surge in the impact of the pandemic on business conditions could cause us to experience higher credit losses in our loan portfolio, impairment of our goodwill, additional valuation allowance associated with our net deferred tax assets, reduced demand for our products and services, or other negative impacts on our financial position, results of operations, and prospects.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">On <em style="font: inherit;"> March 27, 2020, </em>the President of the United States signed into law the Coronavirus Aid, Relief and Economic Security (“CARES”) Act in response to the coronavirus pandemic. This legislation aims at providing relief for individuals and businesses that have been negatively impacted by the coronavirus pandemic.</p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"/> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">On <em style="font: inherit;"> August 3, 2020, </em>the Federal Financial Institutions Council issued a joint statement, encouraging financial institutions to consider prudent accommodation options to mitigate losses for the borrower and financial institution beyond the initial accommodation period. The joint statement specifically encourages financial institutions to provide consumers with available options for repaying missed payments at the end of their accommodation to avoid delinquencies, as well as options for changes to terms to support sustainable and affordable payments for the long term. These considerations should also include prudent risk management practices at the financial institution based on the credit risk of the borrower. Patriot is actively working with its customers to address any further accommodation needs while carefully evaluating the associated credit risk of the borrowers.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Federal Reserve System (the “Fed”) has taken, and continues to take, steps to support markets and the economy. Stimulus from Washington and the federal government, in spite of political hurdles and a change in presidential administrations, has also provided meaningful support while the Biden administration adopted another <em style="font: inherit;">$1.9</em> trillion stimulus package in <em style="font: inherit;"> March 2021.</em></p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><em style="font: inherit;"/></p>
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2900000 USD
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40147000 USD
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7955000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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124568000 USD
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11889000 USD
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49960000 USD
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10079000 USD
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us-gaap Allowance For Loan And Lease Losses Write Offs
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67000 USD
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230000 USD
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689000 USD
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216000 USD
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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691000 USD
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6800000 USD
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114000 USD
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43000 USD
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CY2021Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
100000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
24400000 USD
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1400000 USD
CY2020Q4 pnbk Impaired Financing Receivable Nonperforming Loans Discount To Appraisal Value Percent
ImpairedFinancingReceivableNonperformingLoansDiscountToAppraisalValuePercent
0.058 pure
CY2021Q3 pnbk Impaired Financing Receivable Nonperforming Loans Discount To Appraisal Value Percent
ImpairedFinancingReceivableNonperformingLoansDiscountToAppraisalValuePercent
0.08 pure
CY2021Q3 pnbk Loans Serviced By Entity But Owned By A Third Party
LoansServicedByEntityButOwnedByAThirdParty
18800000 USD
CY2020Q4 pnbk Loans Serviced By Entity But Owned By A Third Party
LoansServicedByEntityButOwnedByAThirdParty
19400000 USD
CY2021Q3 us-gaap Servicing Asset
ServicingAsset
375000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
351000 USD
CY2021Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
380000 USD
CY2020Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
221000 USD
CY2020Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
316000 USD
CY2019Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
201000 USD
CY2021Q3 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
0 USD
CY2020Q3 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
86000 USD
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
74000 USD
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
115000 USD
CY2021Q3 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
5000 USD
CY2020Q3 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
6000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
15000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
15000 USD
CY2021Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
375000 USD
CY2020Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
301000 USD
CY2021Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
375000 USD
CY2020Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
301000 USD
CY2021Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
207941000 USD
CY2020Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
158676000 USD
CY2021Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
34528000 USD
CY2020Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
30529000 USD
CY2021Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
102365000 USD
CY2020Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
98635000 USD
CY2021Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
165671000 USD
CY2020Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
146389000 USD
CY2021Q3 pnbk Time Deposits Below Fdic Insurance Limit
TimeDepositsBelowFDICInsuranceLimit
142141000 USD
CY2020Q4 pnbk Time Deposits Below Fdic Insurance Limit
TimeDepositsBelowFDICInsuranceLimit
160968000 USD
CY2021Q3 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
54991000 USD
CY2020Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
49172000 USD
CY2021Q3 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
27036000 USD
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
41287000 USD
CY2021Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
526732000 USD
CY2020Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
526980000 USD
CY2021Q3 us-gaap Deposits
Deposits
734673000 USD
CY2020Q4 us-gaap Deposits
Deposits
685656000 USD
CY2020Q3 pnbk Payments To Acquire Prepaid Debit Card Deposits
PaymentsToAcquirePrepaidDebitCardDeposits
50000000.0 USD
CY2021Q3 pnbk Prepaid Debit Card Deposits
PrepaidDebitCardDeposits
142400000 USD
CY2020Q4 pnbk Prepaid Debit Card Deposits
PrepaidDebitCardDeposits
74300000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
164342000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
48657000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
2123000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
3380000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
5666000 USD
CY2021Q3 us-gaap Time Deposits
TimeDeposits
224168000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-104000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
149000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
64000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
149000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-44000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-124000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
0 USD
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50 pure
CY2021Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
46000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
157000 USD
CY2020Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
48000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
199000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1323000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-87000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3199000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2437000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3947284
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3935898
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3945816
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3934138
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.62
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1323000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-87000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3199000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2437000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3947284
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3935898
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3945816
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3934138
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1141
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9019
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3948425
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3935898
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3954835
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3934138
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
CY2021Q3 pnbk Commitments To Extend Credit
CommitmentsToExtendCredit
141136000 USD
CY2020Q4 pnbk Commitments To Extend Credit
CommitmentsToExtendCredit
122394000 USD
CY2021Q3 pnbk Banks Reserve Based On Analysis In Unfunded Commitments
BanksReserveBasedOnAnalysisInUnfundedCommitments
8000 USD
CY2020Q4 pnbk Banks Reserve Based On Analysis In Unfunded Commitments
BanksReserveBasedOnAnalysisInUnfundedCommitments
8000 USD
CY2019Q3 pnbk Community Bank Tier One Leverage Ratio
CommunityBankTierOneLeverageRatio
0.09 pure
CY2019Q3 pnbk Community Bank Tier One Leverage Capital Required For Capital Adequacy
CommunityBankTierOneLeverageCapitalRequiredForCapitalAdequacy
10000000000 USD
CY2019Q3 pnbk Community Bank Tier One Leverage Ratio
CommunityBankTierOneLeverageRatio
0.09 pure
CY2021Q3 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.099 pure
CY2020Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.098 pure

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