Pathfinder Bancorp, Inc.

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

About this filing

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$16.71-0.1%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

(Unaudited)

For the three months ended · For the six months ended
(In thousands, except per share data) · June 30, 2025 · June 30, 2024 · June 30, 2025 · June 30, 2024
Interest and dividend income:
Loans, including fees		$13,106	$12,489	$26,778	$24,757
Debt securities:
Taxable		5,522	5,736	10,707	11,343
Tax-exempt		465	498	867	1,006
Dividends		21	178	114	307
Federal funds sold and interest earning deposits		68	121	157	219
Total interest and dividend income		19,182	19,022	38,623	37,632
Interest expense:
Interest on deposits		7,318	7,626	14,263	15,037
Interest on short-term borrowings		495	1,226	1,040	2,340
Interest on long-term borrowings		72	201	137	395
Interest on subordinated debt		483	489	958	980
Total interest expense		8,368	9,542	16,398	18,752
Net interest income		10,814	9,480	22,225	18,880
Provision for (benefit from) credit losses:
Loans		1,173	304	1,677	1,014
Held-to-maturity securities		5	(74)	5	(59)
Unfunded commitments		19	60	(28)	61
Total provision for credit losses		1,197	290	1,654	1,016
Net interest income after provision for credit losses		9,617	9,190	20,571	17,864
Noninterest income:
Service charges on deposit accounts		380	330	754	639
Earnings and gain on bank owned life insurance		156	167	318	324
Loan servicing fees		97	112	198	200
Net realized gains (losses) on sales and redemptions of investment securities		-	16	(8)	(132)
Net unrealized gains (losses) on marketable equity securities		420	(139)	638	(31)
Gains on sales of loans and foreclosed real estate		83	40	148	58
Fair value adjustment to loans held-for-sale 1		(3,064)	-	(3,064)	-
Debit card interchange fees		180	191	181	310
Insurance agency revenue 2		-	260	-	657
Other charges, commissions & fees		230	234	514	923
Total noninterest (loss) income		(1,518)	1,211	(321)	2,948
Noninterest expense:
Salaries and employee benefits		4,525	4,399	8,975	8,728
Building and occupancy		1,230	914	2,577	1,730
Data processing		667	550	1,333	1,078
Professional and other services		778	696	1,384	1,258
Advertising		77	116	218	221
FDIC assessments		-	228	229	457
Audits and exams		60	123	174	293
Amortization expense		157	5	314	8
Insurance agency expense 2		-	232	-	517
Community service activities		28	39	39	91
Foreclosed real estate expenses		29	30	50	55
Other expenses		510	576	1,201	1,178
Total noninterest expense		8,061	7,908	16,494	15,614
Income before provision for income taxes		38	2,493	3,756	5,198
Provision for income taxes		7	481	751	1,013
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc.		31	2,012	3,005	4,185
Net income attributable to noncontrolling interest		-	12	-	65
Net income attributable to Pathfinder Bancorp Inc.		$31	$2,000	$3,005	$4,120
Voting Earnings per common share - basic	$	-	$0.32	$0.48	$0.66
Voting Earnings per common share - diluted	$	-	$0.32	$0.47	$0.66
Series A Non-Voting Earnings per common share- basic	$	-	$0.32	$0.48	$0.66
Series A Non-Voting Earnings per common share- diluted	$	-	$0.32	$0.47	$0.66
Dividends per common share (Voting and Series A Non-Voting)		$0.10	$0.10	$0.20	$0.20

1 Lower-of-cost-or-market (LOCOM) adjustment on loans held-for-sale to the estimated market value based on sale negotiation terms.

2 See Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations

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Pathfinder Bancorp, Inc.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.