v3.26.1
Regulatory and Operational Matters
 6 Months Ended
Jun. 30, 2026
Regulatory Capital Requirements under Banking Regulations [Abstract]  
Regulatory and Operational Matters Regulatory and Operational Matters
On January 14, 2025, the Bank entered into an agreement with the OCC (the "OCC Agreement"), pursuant to which the Bank agreed, through its board of directors to take certain actions in the areas of strategic planning, capital planning, Bank Secrecy Act / Anti-Money Laundering risk management, payment activities oversight, credit administration and concentrations risk management. The Bank’s Board appointed a Compliance Committee in January 2025, as required, to oversee the progress and compliance with the OCC Agreement.
On January 17, 2025, the OCC notified the Bank that the individual minimum capital ratios previously established on April 17, 2024 had been terminated and that the same minimum capital ratios were instead incorporated into the OCC Agreement. Under the OCC Agreement, the Bank was required to maintain, on an ongoing basis, a common equity tier 1 capital ratio of 10.00%, a Tier 1 capital ratio of 10.00%, a Tier 1 leverage ratio of 9.00% and a total capital ratio of 11.50%.

On June 30, 2026, the OCC terminated the OCC Agreement. Accordingly, the Bank is no longer subject to the higher minimum capital ratios or other requirements imposed by the OCC Agreement. As of June 30, 2026, the Bank’s capital ratios exceeded the applicable regulatory thresholds for classification as “well capitalized” under the prompt corrective action framework. A bank generally cannot qualify as well capitalized while subject to a written agreement requiring it to maintain specified capital levels; termination of the OCC Agreement therefore removed that impediment.

The Company and Bank’s regulatory capital amounts and ratios at June 30, 2026 and December 31, 2025 are summarized as follows:
June 30, 2026December 31, 2025
Patriot National Bancorp, Inc.Patriot Bank, N.A.Patriot National Bancorp, Inc.Patriot Bank, N.A.
(Dollar amounts in thousands)AmountRatioAmountRatioAmountRatioAmountRatio
Total Capital (to risk weighted assets):
Actual$130,052 14.22 %$130,212 14.15 %$129,587 20.76 %$120,329 19.25 %
To be Well Capitalized(1)— — 92,001 10.00 %— — 62,516 10.00 %
For capital adequacy73,184 8.00 %73,601 8.00 %49,934 8.00 %50,013 8.00 %
OCC Agreement minimum(1)— — %— — %— — %71,894 11.50 %
Tier 1 Capital (to risk weighted assets):
Actual113,122 12.37 %121,629 13.22 %117,567 18.84 %116,657 18.66 %
To be Well Capitalized(1)— — 73,601 8.00 %— — 50,013 8.00 %
For capital adequacy54,888 6.00 %55,201 6.00 %37,450 6.00 %37,510 6.00 %
OCC Agreement minimum(1)— — %— — %— — %62,516 10.00 %
Common Equity Tier 1 Capital
(to risk weighted assets):
Actual104,874 11.46 %121,629 13.22 %109,567 17.55 %116,657 18.66 %
To be Well Capitalized(1)— — 59,801 6.50 %— — 40,636 6.50 %
For capital adequacy41,166 4.50 %41,401 4.50 %28,088 4.50 %28,132 4.50 %
OCC Agreement minimum(1)— — %— — %— — %62,516 10.00 %
Tier 1 Leverage Capital (to average assets):
Actual113,122 8.96 %121,629 9.60 %117,567 11.52 %116,657 11.42 %
To be Well Capitalized(1)— — 63,332 5.00 %— — 51,097 5.00 %
For capital adequacy50,482 4.00 %50,666 4.00 %40,835 4.00 %40,878 4.00 %
OCC Agreement minimum(1)— — %— — %— — %91,975 9.00 %
(1) Designation as "Well Capitalized" does not apply to bank holding companies - the Company. Such categorization of capital adequacy only applies to insured depository institutions - the Bank. Under the terms of the OCC Agreement, terminated June 30, 2026, the Bank was not eligible to be “Well Capitalized” while the OCC Agreement was in effect and was designated as “Adequately Capitalized” regardless of its capital ratios being in excess of the regulatory defined Well Capitalized ratios.