Pathfinder Bancorp Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 2024
PBHC$16.75+0.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income (Loss)
| For the three months ended | For the nine months ended | |||
|---|---|---|---|---|
| (In thousands) | September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 |
| Net (loss) income | $(4,616) | $2,194 | $(431) | $6,844 |
| Other Comprehensive Income (Loss) | ||||
| Retirement Plans: | ||||
| Retirement plan net gains recognized in plan expenses | 38 | 56 | 113 | 167 |
| Net unrealized gain on retirement plans | 38 | 56 | 113 | 167 |
| Unrealized holding gains (losses) on available-for-sale securities: | ||||
| Unrealized holding gains (losses) arising during the period | 2,847 | (3,016) | 3,085 | (4,093) |
| Reclassification adjustment for net (gains) losses included in net income | - | (1) | 139 | 1,932 |
| Net unrealized gains (losses) on available-for-sale securities | 2,847 | (3,017) | 3,224 | (2,161) |
| Derivatives and hedging activities: | ||||
| Unrealized holding (losses) gains arising during the period | (82) | 273 | 574 | 391 |
| Net unrealized (losses) gains on derivatives and hedging activities | (82) | 273 | 574 | 391 |
| Other comprehensive income (loss), before tax | 2,803 | (2,688) | 3,911 | (1,603) |
| Tax effect | (733) | 702 | (1,022) | 419 |
| Other comprehensive income (loss), net of tax | 2,070 | (1,986) | 2,889 | (1,184) |
| Comprehensive (loss) income | $(2,546) | $208 | $2,458 | $5,660 |
| Comprehensive income, attributable to noncontrolling interest | $28 | $18 | $93 | $87 |
| Comprehensive (loss) income attributable to Pathfinder Bancorp, Inc. | $(2,574) | $190 | $2,365 | $5,573 |
| Tax Effect Allocated to Each Component of Other Comprehensive (Loss) Income | ||||
| Retirement plan net gains recognized in plan expenses | $(10) | $(15) | $(30) | $(44) |
| Unrealized holding (gains) losses on available-for-sale securities arising during the period | (744) | 788 | (806) | 1,070 |
| Reclassification adjustment for net losses on available-for-sale securities included in net income | - | - | (36) | (506) |
| Unrealized (gains) losses on derivatives and hedging arising during the period | 21 | (71) | (150) | (101) |
| Income tax effect related to other comprehensive (loss) income | $(733) | $702 | $(1,022) | $419 |
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