Pathfinder Bancorp Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
PBHC$16.71-0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Condition
| March 31, | December 31, | |
|---|---|---|
| (In thousands, except share and per share data) | 2024 | 2023 |
| ASSETS: | ||
| Cash and due from banks | $13,565 | $12,338 |
| Interest-earning deposits | 15,658 | 36,394 |
| Total cash and cash equivalents | 29,223 | 48,732 |
| Available-for-sale securities, at fair value | 279,012 | 258,716 |
| Held-to-maturity securities, at amortized cost (fair value of $162,368 and $168,034, respectively) | 172,648 | 179,286 |
| Marketable equity securities, at fair value | 3,342 | 3,206 |
| Federal Home Loan Bank stock, at cost | 7,031 | 8,748 |
| Loans | 891,531 | 897,207 |
| Less: Allowance for credit losses | 16,655 | 15,975 |
| Loans receivable, net | 874,876 | 881,232 |
| Premises and equipment, net | 18,332 | 18,441 |
| Assets held-for-sale | 3,042 | 3,042 |
| Operating lease right-of-use assets | 1,493 | 1,526 |
| Finance lease right-of-use assets | 4,038 | 4,073 |
| Accrued interest receivable | 7,170 | 7,286 |
| Foreclosed real estate | 82 | 151 |
| Intangible assets, net | 80 | 85 |
| Goodwill | 4,536 | 4,536 |
| Bank owned life insurance | 24,799 | 24,641 |
| Other assets | 23,968 | 22,097 |
| Total assets | $1,453,672 | $1,465,798 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Deposits: | ||
| Interest-bearing | $969,692 | $949,898 |
| Noninterest-bearing | 176,421 | 170,169 |
| Total deposits | 1,146,113 | 1,120,067 |
| Short-term borrowings | 91,577 | 125,680 |
| Long-term borrowings | 45,869 | 49,919 |
| Subordinated debt | 29,961 | 29,914 |
| Accrued interest payable | 1,963 | 2,245 |
| Operating lease liabilities | 1,682 | 1,711 |
| Finance lease liabilities | 4,370 | 4,381 |
| Other liabilities | 9,505 | 11,625 |
| Total liabilities | 1,331,040 | 1,345,542 |
| Shareholders' equity: | ||
| Voting common stock, par value $0.01; 25,000,000 authorized shares; 4,719,788 and 4,719,288 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 | 53,151 | 53,114 |
| Retained earnings | 77,558 | 76,060 |
| Accumulated other comprehensive loss | (8,862) | (9,605) |
| Unearned ESOP shares | (90) | (135) |
| Total Pathfinder Bancorp, Inc. shareholders' equity | 121,818 | 119,495 |
| Noncontrolling interest | 814 | 761 |
| Total equity | 122,632 | 120,256 |
| Total liabilities and shareholders' equity | $1,453,672 | $1,465,798 |
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