{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-031012","form_type":"8-K","ticker":"PNBK","cik":"0001098146","company_name":"PATRIOT NATIONAL BANCORP INC","filed_at":"2026-09-23T13:15:38+00:00","discovered_at":"2026-09-23T13:18:10.476725+00:00","generated_at":"2026-09-23T13:18:18.333232+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Patriot National Bancorp issues $10.0M 8.5% subordinated notes due 2036","bullets":["Issued $10.0M aggregate principal of 8.5% Fixed-to-Floating Rate Subordinated Notes due Sept 30, 2036.","Fixed 8.5% to Sept 2031, then resets to 3-month SOFR + 416 bps, paid quarterly.","Notes intended to qualify as Tier 2 capital; proceeds for general corporate purposes and bank investment.","Redeemable on/after Sept 30, 2031; subordinated to senior debt, not convertible; no sinking fund.","Placement agent: Performance Trust Capital Partners; UMB Bank as paying agent and settlement agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-031012","json":"https://secwatch.observer/filing/0001437749-26-031012.json","markdown":"https://secwatch.observer/filing/0001437749-26-031012.md","text":"https://secwatch.observer/filing/0001437749-26-031012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1098146/000143774926031012/0001437749-26-031012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1098146/000143774926031012/pnbk20260923_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-23T13:18:18.333232+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}