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Note 6 - Share-based Compensation and Employee Benefit Plan | 6 Months Ended
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Jun. 30, 2016
Notes to Financial Statements |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 6 : Share-Based Compensation and Employee Benefit Plan The Company maintains the Patriot National Bancorp, Inc. 2012 Stock Plan (the “Plan”) to provide an incentive to directors and employees of the Company. Grants under the Plan may take the form of stock options, restricted stock and phantom stock units. Up to three million shares of the Company’s common stock and one million phantom stock units may be issued under the Plan, subject to certain limitations. As of June 30, 2016, 2,819,216 shares of common stock and one million phantom stock units are available for issuance under the Plan. Restricted stock grants are available to directors and employees and generally vest in annual installments over a three, four or five year period from the date of grant, as determined by the Compensation Committee of the Company’s Board of Directors. Vesting may be accelerated under certain circumstances. The Company expenses the grant date fair value of all share-based compensation over the requisite vesting periods on a prorated straight-line basis. During the three and six months ended June 30, 2016, the Company recorded $0.2 million and $0.3 million of total stock-based compensation, respectively. During the three and six months ended June 30, 2015, the Company recorded $0.1 million and $0.2 million of total stock-based compensation, respectively. During the six months ended June 30, 2016, the Company issued 5,884 shares of restricted stock to directors and 52,200 shares of restricted stock to employees under the 2012 Stock Plan. The following is a summary of the status of the Company’s restricted shares as of June 30, 2016, and changes therein during periods indicated.
Three months ended June 30, 2016: |  |  | Number of Shares Awarded |  |  | Weighted Average Grant Date Fair Value |
Non-vested at March 31, 2016 |  |  | 113,938 |  |  | $ | 14.06 |
Granted |  |  | - |  |  |  | - |
Vested |  |  | (2,526 | ) |  |  | 14.72 |
Forfeited |  |  | (4,213 | ) |  |  | 11.31 |
Non-vested at June 30, 2016 |  |  | 107,199 |  |  | $ | 14.16 |
Six months ended June 30, 2016: |  |  |  |  |  |  |  |
Non-vested at December 31, 2015 |  |  | 55,854 |  |  | $ | 12.83 |
Granted |  |  | 58,084 |  |  |  | 15.25 |
Vested |  |  | (2,526 | ) |  |  | 14.72 |
Forfeited |  |  | (4,213 | ) |  |  | 11.31 |
Non-vested at June 30, 2016 |  |  | 107,199 |  |  | $ | 14.16 |
PATRIOT NATIONAL BANCORP , INC. AND SUBSIDIARY Notes to consolidated financial statements (Unaudited) The following is a summary of the status of the Company’s restricted shares as of June 30, 2015, and changes therein during periods indicated.
Three months ended June 30, 2015: |  | Number of Shares Awarded |  |  |  | Weighted Average Grant Date Fair Value |
Non-vested at March 31, 2015 |  |  | 81,923 |  |  | $ | 12.93 |
Granted |  |  | - |  |  |  | - |
Vested |  |  | (225 | ) |  |  | 17.25 |
Non-vested at June 30, 2015 |  |  | 81,698 |  |  | $ | 12.92 |
Six months ended June 30, 2015: |  |  |  |  |  |  |  |
Non-vested at December 31, 2014 |  |  | 79,208 |  |  | $ | 12.79 |
Granted |  |  | 2,940 |  |  |  | 17.00 |
Vested |  |  | (450 | ) |  |  | 17.25 |
Non-vested at June 30, 2015 |  |  | 81,698 |  |  | $ | 12.92 |
Expected future stock award expense related to the non-vested restricted awards as of June 30, 2016, is $1.3 million, which is expected to be recognized over an average period of 2.56 years. The Company had no outstanding stock options at June 30, 2016. The Company offers a 401K retirement plan (the “401K”), which provides for tax-deferred salary deductions for eligible employees. Employees may choose to make voluntary contributions to the 401K, limited to an annual maximum amount as set forth periodically by the Internal Revenue Service. The Company matches 50% of such contributions, up to a maximum of six percent. During the three and six months ended June 30, 2016, compensation expense under the Plan aggregated $0.04 million and $0.08 million, respectively. During the three and six months ended June 30, 2015, compensation expense under the Plan aggregated $0.03 million and $0.09 million, respectively.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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