Pathfinder Bancorp, Inc.

For the period ended Jun 30, 2025. Filed Aug 14, 2025.

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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.

Jun 30, 2025 · Filed Aug 14, 2025

PBHC$16.75+0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

Pathfinder Bancorp, Inc.

Consolidated Statements of Cash Flows

	For the six months ended June 30,
(In thousands)	2025	2024
OPERATING ACTIVITIES
Net income attributable to Pathfinder Bancorp, Inc.	$3,005	$4,120
Adjustments to reconcile net income to net cash flows from operating activities:
Provision for credit losses	1,654	1,016
Proceeds from sales of loans held-for-sale	5,573	2,534
Originations of loans held-for-sale	(8,586)	(2,592)
Realized (gains) losses on sales, redemptions and calls of:
Loans	(148)	58
Available-for-sale investment securities	4	127
Held-to-maturity investment securities	4	5
Marketable securities	(638)	31
Depreciation	823	674
Amortization of mortgage servicing rights	(4)	(24)
Amortization of deferred loan fees and costs	36	(154)
Amortization of operating and finance leases	215	55
Amortization of deferred financing fees from subordinated debt	99	94
Earnings on bank owned life insurance	(318)	(324)
Net amortization of premiums and discounts on investment securities	(93)	(17)
Net amortization of premiums on intangible assets	144	9
Stock based compensation and ESOP expense	460	153
Net change in accrued interest receivable	(8)	210
Net change in other assets and liabilities	(262)	(3,953)
Net cash inflows from operating activities	1,960	2,022
INVESTING ACTIVITIES
Purchase of available-for-sale securities	(54,842)	(59,740)
Purchase of held-to-maturity securities	(16,858)	(3,517)
Purchase of marketable securities	(167)	(618)
Purchase of Federal Home Loan Bank stock	(7,520)	(6,812)
Proceeds from redemption of Federal Home Loan Bank stock	6,832	6,858
Proceeds from maturities and principal reductions of available-for-sale securities	22,555	38,964
Proceeds from maturities and principal reductions of held-to-maturity securities	15,014	15,876
Proceeds from sales, redemptions and calls of:
Available-for-sale securities	3,194	3,449
Held-to-maturity securities	2,516	706
Real estate acquired through foreclosure	-	68
Net change in loans	3,124	8,999
Purchase of premises and equipment	(861)	(1,111)
Net cash (outflows) inflows from investing activities	(27,013)	3,122
FINANCING ACTIVITIES
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits	32,135	(38,565)
Net change in time deposits	2,790	23,657
Net change in brokered deposits	(17,562)	(3,882)
Net change in short-term borrowings	14,500	1,897
Payments on long-term borrowings	(14,155)	(4,050)
Proceeds from long-term borrowings	8,064	-
Proceeds from exercise of stock options	436	5
Cash dividends paid to common voting shareholders	(950)	(897)
Cash dividends paid to common non-voting shareholders	(277)	(262)
Cash dividends paid on warrants	(25)	(25)
Change in noncontrolling interest, net	-	65
Net cash inflows (outflows) from financing activities	24,956	(22,057)
Change in cash and cash equivalents	(97)	(16,913)
Cash and cash equivalents at beginning of period	31,572	48,732
Cash and cash equivalents at end of period	$31,475	$31,819
CASH PAID DURING THE PERIOD FOR:
Interest	$16,131	$18,905
Income taxes	500	600
NON-CASH INVESTING ACTIVITY
Transfer of loans to loans held-for-sale	3,161	-

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