CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Interest and Dividend Income
Interest and fees on loans	$ 8,565	$ 11,704	$ 27,648	$ 36,345
Interest on investment securities	598	640	1,694	1,933
Dividends on investment securities	48	89	113	238
Other interest income	2,332	381	6,130	1,516
Total interest and dividend income	11,543	12,814	35,585	40,032
Interest Expense
Interest on deposits	6,090	6,189	20,681	19,160
Interest on FHLB, FRB and correspondent bank borrowings	0	926	101	3,354
Interest on senior debt	105	290	610	869
Interest on subordinated debt	338	409	1,040	1,219
Interest on note payable	0	1	1	4
Total interest expense	6,533	7,815	22,433	24,606
Net interest income	5,010	4,999	13,152	15,426
(Recovery of) provision and credit loss expense	(431)	1,026	1,826	4,776
Net interest income after (recovery of) provision and credit loss expense	5,441	3,973	11,326	10,650
Non-interest Income
Loan application, inspection and processing fees	111	201	427	493
Deposit fees and service charges	281	78	1,180	398
(Loss) gain on sales of loans, net	(992)	81	(1,908)	402
Rental income	65	75	245	226
Loss on sale of investment securities, net	0	0	0	(24)
Digital Payments income	2,684	1,333	6,550	3,509
Other income	58	347	471	1,421
Total non-interest income	2,207	2,115	6,965	6,425
Non-interest Expense
Salaries and benefits	5,694	4,710	15,447	13,489
Occupancy and equipment expense	766	801	2,281	2,480
Data processing expense	473	321	1,311	981
Professional and other outside services	745	952	2,872	2,530
Advertising and promotional expense	46	105	243	239
Loan administration and processing expense	8	58	125	118
Regulatory assessments	605	386	1,477	890
Insurance expense, net	253	82	463	231
Communications, stationary and supplies	456	337	1,032	706
Other operating expense	1,264	644	3,528	1,957
Total non-interest expense	10,310	8,396	28,779	23,621
Loss before income taxes	(2,662)	(2,308)	(10,488)	(6,546)
(Benefit) provision for income taxes	(5)	24,646	(53)	23,788
Net loss	$ (2,657)	$ (26,954)	$ (10,435)	$ (30,334)
Basic loss per share (usd per share)	$ (0.03)	$ (6.78)	$ (0.16)	$ (7.63)
Diluted loss per share (usd per share)	$ (0.03)	$ (6.78)	$ (0.16)	$ (7.63)

PATRIOT NATIONAL BANCORP INC 10-Q