{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-007070","form_type":"8-K","ticker":"PNBK","cik":"0001098146","company_name":"PATRIOT NATIONAL BANCORP INC","filed_at":"2025-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.926956+00:00","generated_at":"2026-05-26T06:46:29.540216+00:00","sec_items":["1.01","2.03","2.02","7.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Patriot National reports preliminary Q4 net loss of $9.5M; book value crashes to $1.07 from $11.16","bullets":["Preliminary Q4 2024 net loss ~$9.5M ($2.40 loss per share) vs prior year net income $0.9M ($0.23 EPS).","Provision for credit losses ~$7.7M primarily on two large commercial real estate loans.","Book value per share fell to $1.07 as of Dec 31, 2024, from $11.16 a year earlier.","Extended grace period for Jan 15 interest payment on 8.5% Senior Notes to April 1, 2025.","Negotiating ~$60M equity investment at $0.75/share to recapitalize bank and address debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-007070","json":"https://secwatch.observer/filing/0001628280-25-007070.json","markdown":"https://secwatch.observer/filing/0001628280-25-007070.md","text":"https://secwatch.observer/filing/0001628280-25-007070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1098146/000162828025007070/0001628280-25-007070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1098146/000162828025007070/pnbk-20250214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T06:46:29.540216+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":[{"claim_id":"7b04bd066273e55ad9305effaa17c084777adf2b","claim":"PATRIOT NATIONAL BANCORP INC amended senior notes at 8.5% maturing Due 2026.","evidence_excerpt":"Effective as of February 14, 2025, Patriot National Bancorp, Inc., a Connecticut corporation (the “Company”), amended its 8.5% Senior Notes Due 2026 (the “Notes”) to extend the grace period for the interest payment due January 15, 2025 to April 1, 2025 (the “Amendment”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1098146/000162828025007070/0001628280-25-007070-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Rate","value":"8.5%"},{"label":"Maturity","value":"Due 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}