Patriot National Bancorp Inc
Patriot National Bancorp Inc. is a U.S.-based bank holding company whose principal subsidiary is Patriot Bank, N.A. The business provides commercial and retail banking services, including deposits, lending, treasury-related services, and digital payments activities, with a footprint centered in the greater New York metropolitan area and Connecticut.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueLoans, deposits, and banking services for businesses and commercial borrowers.
Deposit accounts and related services for individual customers and households.
Secured lending tied to residential and commercial real estate collateral.
Payment programs and BIN-sponsored processing arrangements run through third parties.
Liquidity, treasury, and ancillary banking services provided through the bank subsidiary.
Customers
The company serves commercial borrowers, depositors, and payment-program participants through its bank subsidiary. Its customer base is concentrated in the greater New York metropolitan area and Connecticut, where local economic conditions and real estate values directly affect loan demand, deposit behavior, and credit quality.
Businesses that use the bank for working capital, operating accounts, and secured lending.
Individuals and households that place deposits and use basic banking services.
Customers borrowing against residential or commercial property collateral.
Program managers and related counterparties using BIN-sponsored payment arrangements.
Strategy
Patriot’s stated priorities center on maintaining capital, supporting liquidity, and managing credit and concentration risk within its bank subsidiary. The company also emphasizes strengthening regulatory compliance, strategic planning, and oversight of payment activities and third-party relationships.
The bank needs sufficient capital to support lending, absorb losses, and meet regulatory requirements.
The company relies on bank capital returns and deposit/funding management to service obligations and operate.
Supervisory expectations require stronger governance, compliance, and risk management.
Loan runoff and deposit management affect funding needs and asset mix.
Geography
Patriot operates primarily in the greater New York metropolitan area, with exposure to Connecticut through its banking and tax footprint. The company’s performance is closely tied to local economic conditions, real estate values, and deposit competition in these markets.
Risks
Patriot faces the typical risks of a regional bank: credit losses, interest-rate sensitivity, deposit competition, and dependence on local economic conditions. Company-specific risks also include regulatory scrutiny under an OCC agreement and operational/compliance exposure in its digital payments programs and third-party processor relationships.
- Regulatory enforcement and compliance remediationImpact: CriticalLikelihood: Low
The OCC agreement requires enhancements in strategic planning, capital planning, BSA/AML, and other controls.
Exposure: Bank governance and operations
- Third-party digital payments riskImpact: HighLikelihood: Medium
Program managers and processors handle transactions, limiting direct control and increasing operational risk.
Exposure: Digital Payments Division
- Credit deterioration in the loan portfolioImpact: High
Loan quality depends on borrower performance and local real estate values in the bank's markets.
Exposure: Commercial and real estate lending
- Deposit and funding pressureImpact: High
The bank must retain and price deposits competitively while accessing cost-effective funding.
Exposure: Core deposits and wholesale funding
- Interest rate riskImpact: High
Changes in rates affect repricing of earning assets and interest-bearing liabilities.
Exposure: Net interest income
Accounting
Judgemental itemsManagement must estimate expected losses using borrower, collateral, and macro assumptions.
Impact: Can materially affect provision expense and loan carrying values
Tax assets depend on future taxable income and §382 limitations.
Impact: Affects deferred tax assets and effective tax rate
Management excludes Digital Payments deposits in a non-GAAP measure to better reflect the traditional deposit base.
Impact: Influences perceived funding stability and liquidity analysis
FDIC insurance status is assessed at the program manager level, not just account level.
Impact: Affects uninsured deposit estimates and risk presentation
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Last updated: 24/09/2026