{"id":519983,"date":"2021-07-29T09:04:11","date_gmt":"2021-07-29T13:04:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/patriot-reports-second-quarter-2021-net-income-of-1-0-million\/"},"modified":"2021-07-29T09:04:11","modified_gmt":"2021-07-29T13:04:11","slug":"patriot-reports-second-quarter-2021-net-income-of-1-0-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/patriot-reports-second-quarter-2021-net-income-of-1-0-million\/","title":{"rendered":"Patriot Reports Second Quarter 2021 Net Income of $1.0 Million"},"content":{"rendered":"

\nDeposits grow 11%
\n<\/h2>\n
\n

STAMFORD, Conn., July 29, 2021 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc. (\u201cPatriot,\u201d \u201cBancorp\u201d or the \u201cCompany\u201d) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the \u201cBank\u201d), today announced net income of $1.0 million, or $0.26 basic and diluted earnings per share for the quarter ended June 30, 2021, compared to a net loss of $1.3 million, or $0.32 basic and diluted loss per share reported in the second quarter of 2020. On a year-to-date basis, net income was $1.9 million, or $0.48 per fully diluted share, compared to a net loss of $2.4 million, or $0.60 fully diluted loss per share during the same year to date period in 2020.<\/p>\n

The Bank continued to show improved net interest margins, core deposit growth, and lower operating expenses. The prepaid portfolio continues to be a low-cost funding source for the Bank and has increased substantially to $137.8 million as of June 30, 2021 from $50.0 million in July 2020. The portfolio growth provides a substantial improvement to the Bank\u2019s net interest margin and overall funding costs. In addition, during the first half of 2021 the Bank recognized a gross payroll tax credit of $2.0 million under the Employee Retention Credit program of the Coronavirus Aid, Relief, and Economic Security Act (\u201cCARES Act\u201d). Pre-tax income was $1.4 million and $2.6 million for the three months ended and six months ended June 30, 2021, respectively. Excluding the employee tax credit, pre-tax income was $257,000 and $587,000 for the three months and six months periods, respectively.<\/p>\n

Since 2020, the Bank had provided payment deferrals on approximately $232.7 million of loans as permitted under the CARES Act. A significant percentage of those loans deferred have now resumed normal payments. Loans remaining on deferral in conjunction with the CARES Act declined to $21.3 million at June 30, 2021.<\/p>\n

\n Patriot President & CEO Robert Russell stated:<\/strong> \u201cThe Bank\u2019s focus on improving its funding sources, asset quality and loan growth continues to have a positive impact on the Bank\u2019s financial condition. Key additions to staff and ongoing process improvements will contribute to continued advancement of our pursuit of performance. We are pleased with the progress that we have made so far even in what remains a challenging economic environment.\u201d<\/p>\n

\n Financial Results:<\/strong>\n <\/p>\n

As of June 30, 2021, total assets increased to $963.1 million, as compared to $880.7 million at December 31, 2020. Net loans totaled $660.5 million versus $719.6 million as of December 31, 2020. Total deposits increased from $685.7 million at December 31, 2020 to $761.2 million at June 30, 2021.<\/p>\n

The Bank has substantially improved its deposit and funding mix over the past year. During the past six months, brokered deposits declined by $28.5 million while growth in core funding of $40.5 million and prepaid deposits of $63.5 million combined to produce growth in total deposits of 11% or $75.5 million for the six-month period. Excluding the planned reduction of brokered deposits, total deposits increased $104.0 million during the first half of 2021.<\/p>\n

Net interest income for the three months ended June 30, 2021, was $5.9\u00a0million, an increase of $251,000 or 4.4% from the comparable period in 2020. Net interest income for the six months ended June 30, 2021 was $12.1\u00a0million, an increase of $54,000 or 0.4% from the first half of 2020.<\/p>\n

The Bank\u2019s net interest margin showed strong improvement and was 2.90% for the six months ended June 30, 2021 compared with 2.59% for the comparable 2020 period. As economic activity continues to expand, loan balances are expected to grow, and coupled with reductions in funding costs, the Bank expects further improvements in net interest income.<\/p>\n

The recovering economy, lower loan balances and lower pooled reserves resulted in no additions to the Bank\u2019s allowance for loan and lease losses as compared to $1.7 million that was recognized in the first half of 2020. The majority of the provision in the first six-months of 2020 was primarily attributable to conditions and the uncertainty created by the COVID-19 pandemic. As of June 30, 2021, the allowance for loan losses was 1.54% of total loans, compared with 1.45% at December 31, 2020.<\/p>\n

Non-interest income was $753,000 and $389,000 for the second quarter of 2021 and 2020, respectively. Non-interest income was $1.2 million and $810,000 for the six months ended June 30, 2021 and 2020, respectively. The increase was primarily attributable to an increase in gains on sales of SBA loans in 2021.<\/p>\n

Non-interest expense was $5.3 million and $6.9 million for the second quarter of 2021 and 2020, respectively. Non-interest expense was $10.7 million and $14.3 million for the year-to-date 2021 and 2020 periods, respectively. The decrease in non-interest expense in the first half of 2021 was primarily driven by an Employee Retention Credit of $2.0 million under the Employee Retention Credit program of the CARES Act and a reduction of $368,000 in regulatory assessments expense.<\/p>\n

For the first half of 2021, a provision for income taxes of $702,000 was recorded, compared to a benefit for income taxes of $805,000 for the first half of 2020.<\/p>\n

As of June 30, 2021, shareholders\u2019 equity was $65.9 million, compared with $63.2 million at December 31, 2020. Patriot\u2019s book value per share rose to $16.69 at June 30, 2021, compared with $16.03 at December 31, 2020. The Bank\u2019s capital ratios continue to be strong, maintaining its \u201cwell capitalized\u201d regulatory status. As of June 30, 2021, the Bank\u2019s Tier 1 leverage ratio was 10.10%, Tier 1 risk-based capital ratio was 12.04% and total risk-based capital ratio was 13.29%.<\/p>\n

\n About the Company:<\/strong>\n <\/p>\n

Patriot Bank is headquartered in Stamford and operates 9 branch locations: in Scarsdale, NY\u037e and Darien, Fairfield, Greenwich, Milford, Norwalk, Orange, Stamford, Westport, CT with Express Banking locations at Bridgeport\/ Housatonic Community College, downtown New Haven and Trumbull at Westfield Mall. The Bank also maintains SBA lending offices in Stamford, Connecticut, Florida, Georgia, Ohio, along with a Rhode Island operations center.<\/p>\n

Founded in 1994, and now celebrating its 27th year, Patriot National Bancorp, Inc. (\u201cPatriot\u201d or \u201cBancorp\u201d) is the parent holding company of Patriot Bank N.A. (\u201cBank\u201d), a nationally chartered bank headquartered in Stamford, CT. Patriot operates with full-service branches in Connecticut and New York and provides lending products and services nationally. Patriot\u2019s mission is to serve its local community and nationwide customer base by providing a growing array of banking solutions to meet the needs of individuals and small businesses owners. Patriot places great value in the integrity of its people and how it conducts business. An emphasis on building strong client relationships and community involvement are cornerstones of our philosophy as we seek to maximize shareholder value.<\/p>\n

\n \u201cSafe Harbor\u201d Statement Under Private Securities Litigation Reform Act of 1995:<\/strong>
\n
Certain statements contained in Bancorp\u2019s public statements, including this one, may be forward looking and subject to a variety of risks and uncertainties. These factors include, but are not limited to: (1) changes in prevailing interest rates which would affect the interest earned on the Company\u2019s interest earning assets and the interest paid on its interest bearing liabilities; (2) the timing of re-pricing of the Company\u2019s interest earning assets and interest bearing liabilities; (3) the effect of changes in governmental monetary policy; (4) the effect of changes in regulations applicable to the Company and the Bank and the conduct of its business; (5) changes in competition among financial service companies, including possible further encroachment of non-banks on services traditionally provided by banks; (6) the ability of competitors that are larger than the Company to provide products and services which it is impracticable for the Company to provide; (7) the state of the economy and real estate values in the Company\u2019s market areas, and the consequent effect on the quality of the Company\u2019s loans; (8) demand for loans and deposits in our market area; (9) recent governmental initiatives that are expected to have a profound effect on the financial services industry and could dramatically change the competitive environment of the Company; (10) other legislative or regulatory changes, including those related to residential mortgages, changes in accounting standards, and Federal Deposit Insurance Corporation (\u201cFDIC\u201d) premiums that may adversely affect the Company; (11) the application of generally accepted accounting principles, consistently applied; (12) the fact that one period of reported results may not be indicative of future periods; (13) the state of the economy in the greater New York metropolitan area and its particular effect on the Company’s customers, vendors and communities and other such factors, including risk factors, as may be described in the Company\u2019s other filings with the Securities and Exchange Commission (the \u201cSEC\u201d); (14) political, social, legal and economic instability, civil unrest, war, catastrophic events, acts of terrorism; (15) widespread outbreaks of infectious diseases, including the ongoing novel coronavirus (COVID-19) outbreak; (16) changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; (17) our ability to access cost-effective funding; (18) our ability to implement and change our business strategies; (19) changes in the quality or composition of our loan or investment portfolios; (20) technological changes that may be more difficult or expensive than expected; (21) our ability to manage market risk, credit risk and operational risk in the current economic environment; (22) our ability to enter new markets successfully and capitalize on growth opportunities; (23) changes in consumer spending, borrowing and savings habits; (24) our ability to retain key employees; and (25) our compensation expense associated with equity allocated or awarded to our employees.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n PATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n CONSOLIDATED BALANCE SHEETS (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (In thousands)<\/em>\n <\/td>\n\n June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and due from banks:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noninterest bearing deposits and cash<\/td>\n$<\/td>\n2,397<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,006<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,616<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest bearing deposits<\/td>\n\u00a0<\/td>\n113,794<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal cash and cash equivalents<\/td>\n\u00a0<\/td>\n116,191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,636<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment securities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Available-for-sale securities, at fair value<\/td>\n\u00a0<\/td>\n108,612<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,262<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other investments, at cost<\/td>\n\u00a0<\/td>\n4,450<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,450<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,450<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal investment securities<\/td>\n\u00a0<\/td>\n113,062<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,712<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51,074<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Reserve Bank stock, at cost<\/td>\n\u00a0<\/td>\n2,744<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,783<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,897<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank stock, at cost<\/td>\n\u00a0<\/td>\n4,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,503<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,503<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross loans receivable<\/td>\n\u00a0<\/td>\n670,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n730,180<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n792,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Allowance for loan losses<\/td>\n\u00a0<\/td>\n(10,362<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10,584<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,148<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNet loans receivable<\/td>\n\u00a0<\/td>\n660,534<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n719,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n781,352<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
SBA loans held for sale<\/td>\n\u00a0<\/td>\n2,636<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,217<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,579<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued interest and dividends receivable<\/td>\n\u00a0<\/td>\n6,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,620<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Premises and equipment, net<\/td>\n\u00a0<\/td>\n32,824<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,423<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,962<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other real estate owned<\/td>\n\u00a0<\/td>\n1,216<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax asset, net<\/td>\n\u00a0<\/td>\n10,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,496<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,180<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n1,107<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,107<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,107<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Core deposit intangible, net<\/td>\n\u00a0<\/td>\n319<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n343<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n11,469<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,387<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,384<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total assets<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 963,054<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 880,729<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 979,544<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNoninterest bearing deposits<\/td>\n$<\/td>\n218,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n158,676<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n97,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest bearing deposits<\/td>\n\u00a0<\/td>\n542,824<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n526,980<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n685,728<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal deposits<\/td>\n\u00a0<\/td>\n761,198<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n685,656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n783,088<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Federal Home Loan Bank and correspondent bank borrowings<\/td>\n\u00a0<\/td>\n90,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Senior notes, net<\/td>\n\u00a0<\/td>\n11,965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,890<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Subordinated debt, net<\/td>\n\u00a0<\/td>\n9,796<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,782<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Junior subordinated debt owed to unconsolidated trust, net<\/td>\n\u00a0<\/td>\n8,114<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Note payable<\/td>\n\u00a0<\/td>\n893<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n994<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,094<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Advances from borrowers for taxes and insurance<\/td>\n\u00a0<\/td>\n3,607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,786<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,773<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses and other liabilities<\/td>\n\u00a0<\/td>\n11,619<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,654<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 897,192<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 817,510<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 915,372<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commitments and Contingencies<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Shareholders’ equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Preferred stock<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock<\/td>\n\u00a0<\/td>\n106,409<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,329<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,251<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n(40,716<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(42,592<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(41,123<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive loss<\/td>\n\u00a0<\/td>\n169<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(518<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(956<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Total shareholders’ equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 65,862<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 63,219<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 64,172<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total liabilities and shareholders’ equity<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 963,054<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 880,729<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 979,544<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n PATRIOT NATIONAL BANCORP, INC. AND SUBSIDIARIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six Months Ended <\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (In thousands, except per share amounts)<\/em>\n <\/td>\n\n June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Interest and Dividend Income<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest and fees on loans<\/td>\n$<\/td>\n7,267<\/td>\n\u00a0<\/td>\n$<\/td>\n7,743<\/td>\n\u00a0<\/td>\n$<\/td>\n9,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,010<\/td>\n\u00a0<\/td>\n$<\/td>\n19,144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest on investment securities<\/td>\n\u00a0<\/td>\n420<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n310<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n730<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n794<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDividends on investment securities<\/td>\n\u00a0<\/td>\n57<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther interest income<\/td>\n\u00a0<\/td>\n23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n159<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Total interest and dividend income<\/strong>\n <\/td>\n\u00a0<\/td>\n7,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,878<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Interest Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest on deposits<\/td>\n\u00a0<\/td>\n623<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n785<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,792<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,408<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest on Federal Home Loan Bank borrowings<\/td>\n\u00a0<\/td>\n741<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n733<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n638<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,474<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,335<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest on senior debt<\/td>\n\u00a0<\/td>\n228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n229<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest on subordinated debt<\/td>\n\u00a0<\/td>\n233<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n253<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n467<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n521<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest on note payable and other<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Total interest expense<\/strong>\n <\/td>\n\u00a0<\/td>\n1,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,985<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,916<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,814<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,315<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Net interest income<\/strong>\n <\/td>\n\u00a0<\/td>\n5,938<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,126<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,687<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,064<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Provision for loan losses<\/strong>\n <\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n910<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,714<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Net interest income after provision for loan losses<\/strong>\n <\/td>\n\u00a0<\/td>\n5,938<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,126<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,777<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,064<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,296<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-interest Income<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoan application, inspection and processing fees<\/td>\n\u00a0<\/td>\n61<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n124<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDeposit fees and service charges<\/td>\n\u00a0<\/td>\n64<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n180<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGains on sale of loans<\/td>\n\u00a0<\/td>\n258<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n352<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRental income<\/td>\n\u00a0<\/td>\n140<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n131<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n270<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n262<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain on sale of investment securities<\/td>\n\u00a0<\/td>\n93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther income<\/td>\n\u00a0<\/td>\n137<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Total non-interest income<\/strong>\n <\/td>\n\u00a0<\/td>\n753<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n442<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n389<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,195<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-interest Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSalaries and benefits<\/td>\n\u00a0<\/td>\n2,447<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,216<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,663<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,506<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOccupancy and equipment expenses<\/td>\n\u00a0<\/td>\n778<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n920<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n921<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,698<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,870<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nData processing expenses<\/td>\n\u00a0<\/td>\n362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n350<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n371<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n712<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n761<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nProfessional and other outside services<\/td>\n\u00a0<\/td>\n714<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n852<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n726<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,566<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,510<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nProject expenses, net<\/td>\n\u00a0<\/td>\n1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAdvertising and promotional expenses<\/td>\n\u00a0<\/td>\n77<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n123<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n270<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoan administration and processing expenses<\/td>\n\u00a0<\/td>\n14<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRegulatory assessments<\/td>\n\u00a0<\/td>\n208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n228<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n364<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n804<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInsurance expenses<\/td>\n\u00a0<\/td>\n75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n135<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nCommunications, stationary and supplies<\/td>\n\u00a0<\/td>\n144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n145<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n133<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n289<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n253<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther operating expenses<\/td>\n\u00a0<\/td>\n466<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n528<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n439<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n994<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n931<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Total non-interest expense<\/strong>\n <\/td>\n\u00a0<\/td>\n5,286<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,395<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,890<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,261<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Income (loss) before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n1,405<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,724<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,578<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,155<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Provision (benefit) for income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n319<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(446<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n702<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(805<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Net income (loss)<\/strong>\n <\/td>\n$<\/td>\n1,022<\/td>\n\u00a0<\/td>\n$<\/td>\n854<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,278<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,876<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,350<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Basic earnings (loss) per share<\/strong>\n <\/td>\n$<\/td>\n0.26<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.32<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.48<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.60<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Diluted earnings (loss) per share<\/strong>\n <\/td>\n$<\/td>\n0.26<\/td>\n\u00a0<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.32<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.48<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.60<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n FINANCIAL RATIOS AND OTHER DATA<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended <\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six Months Ended <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (Dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n		\u00a0<\/td>\n\n June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2020<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n \u00a0Performance Data:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nNet income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,023<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n854<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,279<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,876<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,350<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nReturn on Average Assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.46<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.39<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-0.52<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.42<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-0.48<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nReturn on Average Equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.35<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.39<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-7.89<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.87<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-7.11<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nNet Interest Margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.82<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.99<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.46<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.90<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.59<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nEfficiency Ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78.99<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82.14<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n113.41<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80.56<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n111.24<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nEfficiency Ratio excluding project costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78.98<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81.99<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112.49<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80.47<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n110.08<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n% (decrease) increase in loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-0.85<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-7.33<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-3.22<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-8.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-2.42<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n% increase in deposits excluding brokered deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.96<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.66<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.68<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.14<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.30<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Asset Quality:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nNonaccrual loans<\/td>\n\u00a0<\/td>\n$<\/td>\n24,524<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21,593<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,524<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21,593<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nOther real estate owned<\/td>\n\u00a0<\/td>\n$<\/td>\n1,216<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,216<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,216<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,400<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal nonperforming assets<\/td>\n\u00a0<\/td>\n$<\/td>\n25,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,803<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23,993<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23,993<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nNonaccrual loans \/ loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.66<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.72<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.66<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.72<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nNonperforming assets \/ assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.91<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.45<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.67<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.45<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nAllowance for loan losses<\/td>\n\u00a0<\/td>\n$<\/td>\n10,362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,148<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nValuation reserve<\/td>\n\u00a0<\/td>\n$<\/td>\n469<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n477<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n485<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n469<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n485<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nAllowance for loan losses with valuation reserve<\/td>\n\u00a0<\/td>\n$<\/td>\n10,831<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,903<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,633<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,831<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,633<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nAllowance for loan losses \/ loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.54<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.54<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.41<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.54<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.41<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nAllowance \/ nonaccrual loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42.25<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42.40<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51.63<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42.25<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51.63<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nAllowance for loan losses and valuation reserve \/ loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.61<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.61<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.47<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.61<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.47<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nAllowance for loan losses and valuation reserve \/ nonaccrual loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44.16<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44.34<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53.87<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44.16<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53.87<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nGross loan charge-offs<\/td>\n\u00a0<\/td>\n$<\/td>\n80<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n272<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n352<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n735<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nGross loan (recoveries)<\/td>\n\u00a0<\/td>\n$<\/td>\n(17<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(114<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(13<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(129<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(54<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nNet loan charge-offs<\/td>\n\u00a0<\/td>\n$<\/td>\n63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n678<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n223<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n681<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Capital Data and Capital Ratios<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nBook value per share (1)<\/td>\n\u00a0<\/td>\n$<\/td>\n16.69<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16.21<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16.30<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16.69<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16.30<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nShares outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,947,276<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,944,272<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,935,841<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,947,276<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,935,841<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Bank Capital Ratios:<\/strong>
\n <\/em>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nLeverage Ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.12<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.03<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.10<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.03<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTier 1 Capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.04<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.07<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.52<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.06<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.52<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal Risk Based Capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.29<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.32<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.77<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.31<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.77<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (1) Book value per share represents shareholders’ equity divided by outstanding shares.<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Deposits:<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (In thousands)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n
\n Non-interest bearing:<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNon-interest bearing<\/td>\n\u00a0<\/td>\n$<\/td>\n135,477<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n99,344<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n97,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nPrepaid DDA<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82,897<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59,332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal non-interest bearing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n218,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158,676<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n97,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n
\n Interest bearing:<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNOW<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,085<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,529<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,941<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSavings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,635<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,230<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nMoney market<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n123,327<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n131,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n165,658<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nMoney market – prepaid deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,922<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nCertificates of deposit, less than $250,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n152,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,968<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n194,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nCertificates of deposit, $250,000 or greater<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63,690<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,626<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nBrokered deposits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,836<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,287<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n160,885<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal Interest bearing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n542,824<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n526,980<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n685,728<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Total Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n761,198<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n685,656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n783,088<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal Prepaid deposits<\/td>\n\u00a0<\/td>\n$<\/td>\n137,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n74,343<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total deposits excluding brokered deposits<\/strong>\n <\/td>\n$<\/td>\n748,362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n644,369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n622,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n
\n Contacts:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Patriot Bank, N.A.<\/td>\nJoseph Perillo<\/td>\nRobert Russell<\/td>\n<\/tr>\n
900 Bedford Street<\/td>\nChief Financial Officer<\/td>\nPresident & CEO<\/td>\n<\/tr>\n
Stamford, CT 06901<\/td>\n203-252-5954<\/td>\n203-252-5939<\/td>\n<\/tr>\n
www.BankPatriot.com<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Deposits grow 11% STAMFORD, Conn., July 29, 2021 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc. (\u201cPatriot,\u201d \u201cBancorp\u201d or the \u201cCompany\u201d) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the \u201cBank\u201d), today announced net income of $1.0 million, or $0.26 basic and diluted earnings per share for the quarter ended June 30, 2021, compared to a net loss of $1.3 million, or $0.32 basic and diluted loss per share reported in the second quarter of 2020. On a year-to-date basis, net income was $1.9 million, or $0.48 per fully diluted share, compared to a net loss of $2.4 million, or $0.60 fully diluted loss per share during the same year to date period in 2020. The Bank continued to show … <\/p>\n

Continue reading “Patriot Reports Second Quarter 2021 Net Income of $1.0 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-519983","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPatriot Reports Second Quarter 2021 Net Income of $1.0 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/patriot-reports-second-quarter-2021-net-income-of-1-0-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Patriot Reports Second Quarter 2021 Net Income of $1.0 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Deposits grow 11% STAMFORD, Conn., July 29, 2021 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc. (\u201cPatriot,\u201d \u201cBancorp\u201d or the \u201cCompany\u201d) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the \u201cBank\u201d), today announced net income of $1.0 million, or $0.26 basic and diluted earnings per share for the quarter ended June 30, 2021, compared to a net loss of $1.3 million, or $0.32 basic and diluted loss per share reported in the second quarter of 2020. On a year-to-date basis, net income was $1.9 million, or $0.48 per fully diluted share, compared to a net loss of $2.4 million, or $0.60 fully diluted loss per share during the same year to date period in 2020. 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