Patriot National Bancorp (FRA:PN21) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is Patriot National Bancorp Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for Patriot National Bancorp's Net Charge Offs to Average Loans % or its related term are showing as below:

FRA:PN21's Net Charge Offs to Average Loans % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

Patriot National Bancorp Net Charge Offs to Average Loans % Historical Data

The historical data trend for Patriot National Bancorp's Net Charge Offs to Average Loans % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Patriot National Bancorp Net Charge Offs to Average Loans % Chart

Patriot National Bancorp (FRA:PN21) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

Patriot National Bancorp (FRA:PN21) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

Patriot National Bancorp Net Charge Offs to Average Loans % Related Terms

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Patriot National Bancorp (FRA:PN21) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Patriot National Bancorp Inc (FRA:PN21) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

PNBK:USA

Address

900 Bedford Street, Stamford, CT, USA, 06901

Website

https://www.bankpatriot.com

Patriot National Bancorp Inc is the holding company for Patriot Bank NA, that provides consumer and commercial banking services to individuals, small and medium-sized businesses, professionals, and municipalities in Fairfield and New Haven Counties in Connecticut and Westchester County, New York. Its products include checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts. The Bank's lending portfolio is comprised of commercial mortgage and construction loans, commercial loans, home improvement loans, home equity lines of credit, and other personal loans. In addition, the Bank offers bank checks, money orders, automated teller machines, interactive teller machines, online and mobile banking, credit cards, and debit cards.

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