Pathfinder Bancorp, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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.
FY2024 · Filed Mar 31, 2025
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) | 2024 | 2023 |
| ASSETS: | ||
| Cash and due from banks | $13,963 | $12,338 |
| Interest-earning deposits | 17,609 | 36,394 |
| Total cash and cash equivalents | 31,572 | 48,732 |
| Available-for-sale securities, at fair value | 269,331 | 258,716 |
| Held-to-maturity securities, at amortized cost (fair value of $151,023 and $168,034, respectively) | 158,683 | 179,286 |
| Marketable equity securities, at fair value | 4,076 | 3,206 |
| Federal Home Loan Bank stock, at cost | 4,590 | 8,748 |
| Loans, net of deferred fees | 918,986 | 897,207 |
| Less: Allowance for credit losses | 17,243 | 15,975 |
| Loans receivable, net | 901,743 | 881,232 |
| Premises and equipment, net | 19,009 | 18,441 |
| Assets held-for-sale | - | 3,042 |
| Operating lease right-of-use assets | 1,391 | 1,526 |
| Finance lease right-of-use assets | 16,676 | 4,073 |
| Accrued interest receivable | 6,881 | 7,286 |
| Foreclosed real estate | - | 151 |
| Intangible assets, net | 5,989 | 85 |
| Goodwill | 5,056 | 4,536 |
| Bank owned life insurance | 24,727 | 24,641 |
| Other assets | 25,150 | 22,097 |
| Total assets | $1,474,874 | $1,465,798 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||
| Deposits: | ||
| Interest-bearing | $990,805 | $949,898 |
| Noninterest-bearing | 213,719 | 170,169 |
| Total deposits | 1,204,524 | 1,120,067 |
| Short-term borrowings | 61,000 | 125,680 |
| Long-term borrowings | 27,068 | 49,919 |
| Subordinated debt | 30,107 | 29,914 |
| Accrued interest payable | 546 | 2,245 |
| Operating lease liabilities | 1,591 | 1,711 |
| Finance lease liabilities | 16,745 | 4,381 |
| Other liabilities | 11,810 | 11,625 |
| Total liabilities | 1,353,391 | 1,345,542 |
| Shareholders' equity: | ||
| Voting common stock, par value $0.01; 25,000,000 authorized shares; 4,745,366 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 | 52,750 | 53,114 |
| Retained earnings | 77,816 | 76,060 |
| Accumulated other comprehensive loss | (9,144) | (9,605) |
| Unearned ESOP shares | - | (135) |
| Total Pathfinder Bancorp, Inc. shareholders' equity | 121,483 | 119,495 |
| Noncontrolling interest | - | 761 |
| Total equity | 121,483 | 120,256 |
| Total liabilities and shareholders' equity | $1,474,874 | $1,465,798 |
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