PATRIOT NATIONAL BANCORP INC 10-K

ITEM 2. Properties   The following table summarizes Patriot’s owned and leased properties, as of December 31, 2021:   Street Address   City   County   State Owned:             233 Post Road   Darien   Fairfield   Connecticut 1755 Black Rock Turnpike   Fairfield   Fairfield   Connecticut 100 Mason Street   Greenwich   Fairfield   Connecticut 900 Bedford Street   Stamford   Fairfield   Connecticut 999 Bedford Street   Stamford   Fairfield   Connecticut 771 Boston Post Road   Milford   New Haven   Connecticut 50 Charles Street   Westport   Fairfield   Connecticut               Leased:             16 River Street   Norwalk   Fairfield   Connecticut 415 Post Road East   Westport   Fairfield   Connecticut 495 Central Park Avenue   Scarsdale   Westchester   New York 7 Old Tavern Road   Orange   New Haven   Connecticut 30 Oak Street   Stamford   Fairfield   Connecticut 300 Centerville Rd   Warwick   Kent County   Rhode Island   At December 31, 2021, five branch buildings were owned and four branch facilities were leased. Additionally, the Bank maintains certain operating and administrative service facilities and additional parking at its main branch banking office, which are subject to ten non-cancelable operating lease agreements. Patriot’s lease agreements have terms ranging from one year to fifteen years with ten years and seven months remaining on the longest lease term. Generally, Patriot’s lease agreements contain rent escalation clauses, and renewals for one or more periods at the Bank’s option.   On December 22, 2021, the Bank sold its building located in the City New Haven, Connecticut. The Bank maintains an ATM at that location and maintains a lease for the space needed for the ATM.   As of December 31, 2021, the Bank has excess space that it leases to four unrelated parties. For additional information, see the Leases footnote disclosure in the consolidated financial statements included herein.   ITEM 3. Legal Proceedings   Other than ordinary routine litigation incidental to its business, neither the Company nor the Bank has any pending legal proceedings to which the Company or the Bank is a party or any of its property is subject.   ITEM 4. Mine Safety Disclosures   Not applicable.   16     PART II