Fair Value and Interest Rate Risk (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities

The following table provides a comparison of the carrying amounts and estimated fair values of Patriot’s financial assets and liabilities as of December 31, 2025 and 2024:

		December 31, 2025				December 31, 2024
(In thousands)	Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial Assets:
Cash and noninterest bearing balances due from banks	Level 1	$	2,411	$	2,411	$	3,295	$	3,295
Interest-bearing deposits due from banks	Level 1	183,980		183,980		144,273		144,273
Restricted cash	Level 1	20,736		20,736		15,042		15,042
Available-for-sale securities	Level 2	212,950		212,950		68,869		68,869
Available-for-sale securities	Level 3	11,727		11,727		11,123		11,123
Other investments	Level 2	—		—		4,450		4,450
Federal Reserve Bank stock	Level 2	2,961		2,961		1,377		1,377
Federal Home Loan Bank stock	Level 2	679		679		779		779
Loans receivable, net	Level 3	585,723		571,015		700,167		675,901
Loans held for sale	Level 2	24,513		24,513		15,702		15,702
Servicing assets	Level 3	660		652		766		852
Other real estate owned	Level 2	—		—		2,843		2,843
Accrued interest receivable	Level 2	4,869		4,869		5,488		5,488
Retained beneficial interest	Level 3	518		518		—		—
Interest rate swap receivable	Level 2	39		39		83		83
Financial assets, total		$	1,051,675	$	1,037,050	$	974,257	$	950,077
Financial Liabilities:
Demand deposits	Level 2	$	106,766	$	106,766	$	119,212	$	119,212
Negotiable order of withdrawal accounts	Level 2	24,281		24,281		31,549		31,549
Savings deposits	Level 2	38,036		38,036		38,743		38,743
Interest bearing DDA	Level 2	172,527		172,527		205,995		205,995
Money market deposits	Level 2	191,177		191,177		262,023		262,023
Time deposits	Level 2	266,256		266,262		239,373		239,077
Brokered deposits	Level 1	150,502		144,556		69,702		69,435
FHLB, FRB and correspondent bank borrowings	Level 2	—		—		3,000		3,000
Senior notes	Level 2	—		—		11,861		11,677
Subordinated debt	Level 2	8,289		8,102		9,898		9,575
Junior subordinated debt owed to unconsolidated trust	Level 2	8,157		8,157		8,147		8,147
Note payable	Level 3	—		—		162		158
Accrued interest payable	Level 2	615		615		1,417		1,417
Interest rate swap liability	Level 2	39		39		83		83
Financial liabilities, total		$	966,645	$	960,435	$	1,001,165	$	1,000,091

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following tables detail the financial assets measured at fair value on a recurring basis and the valuation techniques utilized relative to the fair value hierarchy, as of December 31, 2025 and 2024.

(In thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
December 31, 2025:
U. S. Government agency and MBS	$	—	$	204,068	$	—	$	204,068
Corporate bonds	—		1,736		11,727		13,463
Subordinated notes	—		3,752		—		3,752
SBA loan pools	—		3,394		—		3,394
Available-for-sale securities	$	—	$	212,950	$	11,727	$	224,677
Retained beneficial interest	$	—	$	—	$	518	$	518
Interest rate swap receivable	$	—	$	39	$	—	$	39
Interest rate swap liability	$	—	$	39	$	—	$	39
December 31, 2024:
U. S. Government agency and MBS	$	—	$	60,223	$	—	$	60,223
Corporate bonds	—		1,612		11,123		12,735
Subordinated notes	—		3,461		—		3,461
SBA loan pools	—		3,573		—		3,573
Municipal bonds	—		—		—		—
Available-for-sale securities	$	—	$	68,869	$	11,123	$	79,992
Interest rate swap receivable	$	—	$	83	$	—	$	83
Interest rate swap liability	$	—	$	83	$	—	$	83

Schedule of Reconciliation of Level 3 Available-for-sale Securities

The reconciliation of the beginning and ending balances for Level 3 available-for-sale securities for the years ended December 31, 2025, 2024, and 2023 is as follows:

	Year Ended December 31,
(In thousands)	2025		2024		2023
Level 3 fair value, beginning of period	$	11,123	$	10,262	$	9,427
Purchases	—		—		—
Realized gain (loss)	—		—		—
Unrealized gain (loss)	604		861		835
Transfers in and /or out of Level 3	—		—		—
Level 3 fair value, end of period	$	11,727	$	11,123	$	10,262

Schedule of Quantitative Information About Level 3 Fair Value Measurements

The table below presents the valuation methodology and unobservable inputs for level 3 assets measured at fair value on a non-recurring basis as of December 31, 2025 and 2024:

(In thousands)	Fair Value		Valuation Methodology	Unobservable Inputs	Range of Inputs
December 31, 2025:
Individually evaluated loans, net	$	10,394	Real Estate Appraisals	Discount for appraisal type	8%		-	14%
Servicing assets	652		Discounted Cash Flows	Market discount rates	10%		-	15%
Retained beneficial interest(a)	$	518	Discounted Cash Flows	Market discount rates	10%		-	15%
				Loss projections (% exposure)	10%		-	20%
				Claim timing (months)	9 months		-	18 months
December 31, 2024:
Individually evaluated loans, net	$	24,552	Real Estate Appraisals	Discount for appraisal type	5.8%		-	20%
Servicing assets	852		Discounted Cash Flows	Market discount rates	14.73	%	-	14.90	%

(a) Loss projections applied in the discounted cash flow analysis ranged from approximately 10% to 20%, with lower loss assumptions applied to stronger credits and higher loss assumptions applied to loans with elevated credit risk, weighted average of approximately 15%. Claim timing assumptions ranged from approximately 9 to 18 months, with shorter timeframes applied to loans expected to resolve more quickly and longer timeframes applied to loans requiring extended workout or recovery periods, weighted average of approximately 12 months.