Patriot National Bank in Stamford, Connecticut (CT), NY
Overview, Financial Summary, Detailed Financial Reports, Branches

Patriot National Bank - Overview

  • General
  • FDIC Certificate #: 33928
    Status: Active
    Federal Reserve ID: 2236821
    Bank Holding Company (Regulatory Top Holder): Pnbk Sponsor Llc (RSSDID: 4132169, Location: Stamford, CT)
    Date Established: August 31, 1994
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Domestic: 15, Interstate: Yes)
    FDIC's unique #: 55097
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 31, 1994
    Last Structure Change Effective Date: November 17, 2006
    Last Structure Change Process Date: August 28, 2007
    Last Data Update: August 28, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 Bedford Street, Stamford, CT 6901
    County: Fairfield
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Hartford
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Stamford-Norwalk, CT (#8040)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • History of Changes
  • Corrections
    Office Purchased
  • Financial Summary
  • Total assets: $665.5 mil
    Equity capital: $56.5 mil
    Deposits held in domestic offices: $548.0 mil
    Return on assets (ROA): -2.16% (-$14.4 mil)
    Quarterly return on assets: 0.41% ($2.7 mil)
    Return on Equity (ROE): -24.27% (-$13.8 mil)
    Quarterly return on equity: 4.75% ($2.7 mil)
    Net income: -$14.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: -2.16% (-$14,375.5 mil)
    Quarterly Pretax return on assets: 0.41% ($2,728.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 129Total employees (full-time equivalent)
  • $665,531Total assets
  • $54,716Cash and due from depository institutions
  • $50,474Interest-bearing balances
  • $70,680Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $501,477Net loans & leases
  • $9,385Loan loss allowance
  • $0Trading account assets
  • $3,955Bank premises and fixed assets
  • $2,763Other real estate owned
  • $38Goodwill and other intangibles
  • $665,531Life insurance assets
  • $31,902All other assets
  • $609,020Total liabilities and capital
  • $547,972Total liabilities
  • $479,296Total deposits
  • $547,972Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 7000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $50,000Trading liabilities
  • $0Other borrowed funds
  • $4,048Subordinated debt
  • $56,511All other liabilities
  • $56,511Total equity capital
  • $56,511Total bank equity capital
  • $0Perpetual preferred stock
  • $9,250Common stock
  • $97,628Surplus
  • $-50,367Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $250Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,962Income earned, not collected on loans
  • $0Earning assets
  • $2,453Long-term assets (5+ years)
  • $622,631Average Assets, year-to-date
  • $85,936Average Assets, quarterly
  • $686,911Volatile liabilities
  • $646,829Insider loans
  • $417,805FHLB advances
  • $648,221Loans and leases held for sale
  • $20,985Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $56,339Tier 2 risk-based capital
  • $20,985Total risk weighted assets
  • $0Total unused commitments
  • $139,873Restructured Loans and leases
  • $3,139Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,332Total interest income
  • $8,225Total interest expense
  • $20,107Net interest income
  • $7,464Provision for loan and lease losses
  • $1,859Total noninterest income
  • $0Fiduciary activities
  • $965Service charges on deposit accounts
  • $0Trading account gains & fees
  • $894Additional noninterest income
  • $30,465Total noninterest expense
  • $12,395Salaries and employee benefits
  • $6,491Premises and equipment expense
  • $11,579Additional noninterest expense
  • -$15,963Pre-tax net operating income
  • $1,109Securities gains (losses)
  • $0Applicable income taxes
  • -$14,854Income before extraordinary items
  • $0Extraordinary gains - net
  • -$14,854Net income attributable to bank
  • $0Net charge-offs
  • -$14,854Cash dividends
  • $13,453Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.45%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 4.78%Noninterest expense to earning assets
  • -2.32%Net operating income to assets
  • -2.16%Return on assets (ROA)
  • -2.16%Pretax return on assets
  • -24.27%Return on equity (ROE)
  • -24.27%Retained earnings to average equity (YTD only)
  • 2.73%Net charge-offs to loans
  • 55.48%Credit loss provision to net charge-offs
  • -0.63%Efficiency ratio
  • 138,623Assets per employee
  • 5.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 32.40%Noncurrent assets plus other real estate owned to assets
  • 4.77%Noncurrent loans to loans
  • 5.67%Net loans and leases to deposits
  • 91.52%Net loans and leases to core deposits
  • 95.08%Equity capital to assets
  • 8.49%Core capital (leverage) ratio
  • 8.69%Tier 1 risk-based capital ratio
  • 13.48%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $686,911Average earning assets
  • $61,206Average equity
  • $637,052Average loans

List of branches

  • 12 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    055097Patriot National Bank900 Bedford Street, Stamford, CT 6901August 31, 1994Full Service Brick and Mortar
    1360287Greenwich Branch100 Mason Street, Greenwich, CT 6830August 29, 1997Full Service Brick and Mortar
    3361854Norwalk Branch16 River Street, Norwalk, CT 6852August 21, 2001Full Service Brick and Mortar
    4418797The Westport Avenue Branch365 Westport Ave, Norwalk, CT 6851April 01, 2003Full Service Brick and Mortar
    5422493High Ridge Branch838 High Ridge Road, Stamford, CT 6905June 16, 2003Full Service Brick and Mortar
    7431982Darien Branch800 Post Road, Darien, CT 6820July 19, 2004Full Service Brick and Mortar
    8436974Wilton Center Branch5 River Road, Wilton, CT 6897November 15, 2004Full Service Brick and Mortar
    9441644The Southport Branch3695 Post Rd, Southport, CT 6890June 20, 2005Full Service Brick and Mortar
    10457096Milford Branch771 Boston Post Road, Milford, CT 6460October 10, 2006Full Service Brick and Mortar
    12463138Black Rock Branch1755 Black Rock Turnpike, Fairfield, CT 6825Febuary 26, 2007Full Service Brick and Mortar
    13463379Trumbull Branch945 White Plains Road, Trumbull, CT 6611March 26, 2007Full Service Brick and Mortar
    17473109Westport Branch370 Post Road East, Westport, CT 6880December 27, 2007Full Service Brick and Mortar
  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    14466279Bedford, Ny Branch432 Old Post Road, Bedford, NY 10506May 14, 2007Full Service Brick and Mortar
    15237139West End Avenue Branch45 West End Avenue, New York, NY 10023May 15, 1995Full Service Brick and Mortar
    16473108Scarsdale Branch495 Central Park Avenue, Scarsdale, NY 10583December 27, 2007Full Service Brick and Mortar

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