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401(k) Savings Plan
12 Months Ended
Dec. 31, 2011
401(k) Savings Plan [Abstract]  
401(k) Savings Plan

Note 14. 401(k) Savings Plan

The Company offers employees participation in the Patriot National Bank 401(k) Savings Plan (the “401(k) Plan”) under Section 401(k) of the Internal Revenue Code. The 401(k) Plan covers substantially all employees who have completed six months of service, are 21 years of age and who elect to participate. Under the terms of the 401(k) Plan, participants can contribute up to the maximum amount allowed, subject to Federal limitations. The Company may make discretionary matching contributions of 50% up to 6% of the participants’ salary to the 401(k) Plan. Participants are immediately vested in their contributions and the Company’s contributions. The Company contributed approximately $201,000, $206,000 and $205,000 to the 401(k) Plan in 2011, 2010 and 2009, respectively.