Pathfinder Bancorp Inc
For the period ended Dec 31, 2023. Filed Mar 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 22, 2024
PBHC$16.75+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Condition – December 31, 2023 and 2022
Consolidated Statem ents of Condition
| December 31, | December 31, | |
|---|---|---|
| (In thousands, except share and per share data) | 2023 | 2022 |
| ASSETS: | ||
| Cash and due from banks | $12,338 | $13,939 |
| Interest-earning deposits | 36,394 | 21,343 |
| Total cash and cash equivalents | 48,732 | 35,282 |
| Available-for-sale securities, at fair value | 258,716 | 191,726 |
| Held-to-maturity securities, at amortized cost (fair value of $168,034 and $181,491, respectively) | 179,286 | 194,402 |
| Marketable equity securities, at fair value | 3,206 | 1,862 |
| Federal Home Loan Bank stock, at cost | 8,748 | 5,982 |
| Loans | 897,207 | 897,735 |
| Loans held-for-sale | - | 19 |
| Less: Allowance for credit losses | 15,975 | 15,319 |
| Loans receivable, net | 881,232 | 882,435 |
| Premises and equipment, net | 18,441 | 17,872 |
| Assets held-for-sale | 3,042 | 3,042 |
| Operating lease right-of-use assets | 1,526 | 2,098 |
| Finance lease right-of-use assets | 4,073 | 4,213 |
| Accrued interest receivable | 7,286 | 6,168 |
| Foreclosed real estate | 151 | 221 |
| Intangible assets, net | 85 | 101 |
| Goodwill | 4,536 | 4,536 |
| Bank owned life insurance | 24,641 | 24,012 |
| Other assets | 22,097 | 25,969 |
| Total assets | $1,465,798 | $1,399,921 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Deposits: | ||
| Interest-bearing | $949,898 | $941,719 |
| Noninterest-bearing | 170,169 | 183,711 |
| Total deposits | 1,120,067 | 1,125,430 |
| Short-term borrowings | 125,680 | 60,333 |
| Long-term borrowings | 49,919 | 55,664 |
| Subordinated debt | 29,914 | 29,733 |
| Accrued interest payable | 2,245 | 975 |
| Operating lease liabilities | 1,711 | 2,417 |
| Finance lease liabilities | 4,381 | 4,422 |
| Other liabilities | 11,625 | 9,365 |
| Total liabilities | 1,345,542 | 1,288,339 |
| Shareholders' equity: | ||
| Voting common stock, par value $0.01; 25,000,000 authorized shares; 4,719,288 and 4,651,829 shares issued and outstanding, respectively | 47 | 47 |
| Non-Voting common stock, par value $0.01; 1,505,283 authorized shares; 1,380,283 shares issued and outstanding, respectively | 14 | 14 |
| Additional paid in capital | 53,114 | 52,101 |
| Retained earnings | 76,060 | 71,322 |
| Accumulated other comprehensive loss | (9,605) | (12,172) |
| Unearned ESOP | (135) | (315) |
| Total Pathfinder Bancorp, Inc. shareholders' equity | 119,495 | 110,997 |
| Noncontrolling interest | 761 | 585 |
| Total equity | 120,256 | 111,582 |
| Total liabilities and shareholders' equity | $1,465,798 | $1,399,921 |
-59 -
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.