Patriot National Bank in Stamford, Connecticut (CT), NY



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Patriot National Bank routing number info

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Patriot National Bank
GeneralFDIC 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
WWW: http://www.pnbdirectonline.com
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
LocationAddress: 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 ChangesCorrections
Office Purchased
Financial SummaryTotal 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)
Total employees (full-time equivalent)129
Total assets$665,531
Cash and due from depository institutions$54,716
Interest-bearing balances$50,474
Securities$70,680
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$501,477
Loan loss allowance $9,385
Trading account assets$0
Bank premises and fixed assets$3,955
Other real estate owned$2,763
Goodwill and other intangibles$38
All other assets$31,902
Life insurance assets$665,531
Total liabilities and capital$609,020
Total liabilities$547,972
Total deposits$479,296
Interest-bearing deposits$547,972
Deposits held in domestic offices$96
% insured (estimated)7000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$50,000
Other borrowed funds $0
Subordinated debt $4,048
All other liabilities $56,511
Total equity capital$56,511
Total bank equity capital$56,511
Perpetual preferred stock$0
Common stock$9,250
Surplus$97,628
Undivided profits $-50,367
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $250
Income earned, not collected on loans $28,962
Earning assets $0
Long-term assets (5+ years) $2,453
Average Assets, year-to-date $622,631
Average Assets, quarterly $85,936
Volatile liabilities $686,911
Insider loans $646,829
FHLB advances $417,805
Loans and leases held for sale $648,221
Unused loan commitments $20,985
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $56,339
Total risk weighted assets $20,985
Total unused commitments $0
Restructured Loans and leases $139,873
Derivatives$3,139
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $28,332
Total interest expense $8,225
Net interest income $20,107
Provision for loan and lease losses $7,464
Total noninterest income $1,859
Fiduciary activities $0
Service charges on deposit accounts $965
Trading account gains & fees $0
Additional noninterest income $894
Total noninterest expense $30,465
Salaries and employee benefits $12,395
Premises and equipment expense $6,491
Additional noninterest expense $11,579
Pre-tax net operating income -$15,963
Securities gains (losses) $1,109
Applicable income taxes $0
Income before extraordinary items -$14,854
Extraordinary gains - net $0
Net income attributable to bank -$14,854
Net charge-offs $0
Cash dividends -$14,854
Sale, conversion, retirement of capital stock, net $13,453
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.45%
Cost of funding earning assets 1.29%
Net interest margin 3.16%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 4.78%
Net operating income to assets -2.32%
Return on assets (ROA) -2.16%
Pretax return on assets -2.16%
Return on equity (ROE) -24.27%
Retained earnings to average equity (YTD only) -24.27%
Net charge-offs to loans 2.73%
Credit loss provision to net charge-offs 55.48%
Efficiency ratio-0.63%
Assets per employee$138,623
Cash dividends to net income (YTD only)5.16%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.84%
Noncurrent assets plus other real estate owned to assets 32.40%
Noncurrent loans to loans 4.77%
Net loans and leases to deposits5.67%
Net loans and leases to core deposits 91.52%
Equity capital to assets 95.08%
Core capital (leverage) ratio 8.49%
Tier 1 risk-based capital ratio 8.69%
Total risk-based capital ratio 13.48%
Memoranda
Average assets$15
Average earning assets$686,911
Average equity $61,206
Average loans $637,052
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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
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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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