Pathfinder Bancorp Inc
For the period ended Dec 31, 2023. Filed Mar 22, 2024.
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FY2023 · Filed Mar 22, 2024
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Item 2. Properties
The Company has seven offices located in Oswego County, four offices located in Onondaga County and one limited purpose office located in Oneida County. Management believes that the Bank’s facilities are adequate for the business conducted. The following table sets forth certain information concerning the main office and each branch office of the Bank at December 31, 2023. The aggregate net book value of the Bank's premises and equipment was $18.4 million at December 31, 2023. For additional information regarding the Bank's properties, see Notes 8 and 28 to the consolidated financial statements.
| Location | Opening Date | Owned/Leased |
|---|---|---|
| Main Office | 1874 | Owned |
| 214 West First Street | ||
| Oswego, New York 13126 | ||
| Plaza Branch | 1989 | Owned (1) |
| 291 State Route 104 East | ||
| Oswego, New York 13126 | ||
| Mexico Branch | 1978 | Owned |
| 3361 Main Street | ||
| Mexico, New York 13114 | ||
| Oswego East Branch | 1994 | Owned |
| 34 East Bridge Street | ||
| Oswego, New York 13126 | ||
| Lacona Branch | 2002 | Owned |
| 1897 Harwood Drive | ||
| Lacona, New York 13083 | ||
| Fulton Branch | 2003 | Owned (2) |
| 5 West First Street South | ||
| Fulton, New York 13069 | ||
| Central Square Branch | 2005 | Owned |
| 3025 East Ave | ||
| Central Square, New York 13036 | ||
| Cicero Branch | 2011 | Owned |
| Cicero, New York 13039 | ||
| Pike Block Branch | 2014 | Leased (3) |
| 109 West Fayette Street | ||
| Syracuse, New York 13202 | ||
| Clay Branch | 2018 | Leased (4) |
| Liverpool, NY 13090 | ||
| Southwest Corridor Branch | 2022 | Leased (5) |
| 506 West Onondaga Street | ||
| Syracuse, NY 13204 | ||
| Utica Loan Production Office | 2017 | Leased (6) |
| 258 Genesee Street | ||
| Utica, New York 13502 | ||
(1)
The building is owned; the underlying land is leased with an annual rent of $39,000.
(2)
Both building and land are owned as of July 2023; the land lease expense in 2023 was $23,000.
(3)
The premises are leased with an annual rent of $91,000.
(4)
The premises are leased with an annual rent of $75,000.
(5)
The premises are leased with an annual rent of $262,000.
(6)
The premises are leased with an annual rent of $17,000.
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