Pathfinder Bancorp, Inc.

For the period ended Sep 30, 2025. Filed Nov 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.

Sep 30, 2025 · Filed Nov 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 nine months ended September 30,
(In thousands)	2025	2024
OPERATING ACTIVITIES
Net income (loss) attributable to Pathfinder Bancorp, Inc.	$3,631	$(524)
Adjustments to reconcile net income to net cash flows from operating activities:
Provision for credit losses	5,148	9,985
Proceeds from sales of loans held-for-sale	9,243	4,519
Originations of loans held-for-sale	(8,974)	(4,410)
Realized (gains) losses on sales, redemptions and calls of:
Foreclosed real estate	-	(39)
Loans	(269)	(109)
Available-for-sale investment securities	5	139
Held-to-maturity investment securities	15	181
Marketable securities	(783)	(31)
Depreciation	1,236	1,049
Amortization of mortgage servicing rights	-	(31)
Amortization of deferred loan fees and costs	32	71
Amortization of operating and finance leases, net	330	(341)
Amortization of deferred financing fees from subordinated debt	151	143
Earnings on bank owned life insurance	(604)	83
Net amortization of premiums and discounts on investment securities	(65)	(133)
Net amortization of premiums on intangible assets	430	115
Stock based compensation and ESOP expense	695	247
Net change in accrued interest receivable	383	480
Net change in other assets and liabilities	(1,596)	2,470
Net cash inflows from operating activities	9,008	13,864
INVESTING ACTIVITIES
Purchase of available-for-sale securities	(57,842)	(71,015)
Purchase of held-to-maturity securities	(16,858)	(10,573)
Purchase of marketable securities	(493)	(635)
Purchase of Federal Home Loan Bank stock	(9,758)	(9,477)
Proceeds from redemption of Federal Home Loan Bank stock	10,860	12,824
Proceeds from maturities and principal reductions of available-for-sale securities	33,326	58,749
Proceeds from maturities and principal reductions of held-to-maturity securities	25,433	24,678
Proceeds from sales, redemptions and calls of:
Available-for-sale securities	4,389	3,449
Held-to-maturity securities	7,385	3,823
Loans held-for-sale	3,161	-
Real estate acquired through foreclosure	-	167
Net change in loans	13,536	(33,300)
Acquisition of core deposit intangible asset	-	(6,271)
Proceeds from sale of assets held-for-sale	-	3,007
Purchase of premises and equipment	(987)	(1,621)
Net cash inflows (outflows) from investing activities	12,152	(26,195)
FINANCING ACTIVITIES
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits	44,510	94,078
Net change in time deposits	(9,620)	95,175
Net change in brokered deposits	(14,333)	(113,107)
Net change in short-term borrowings	(23,000)	(65,365)
Payments on long-term borrowings	(19,255)	(20,850)
Proceeds from long-term borrowings	10,889	10,700
Proceeds from exercise of stock options	530	5
Cash dividends paid to common voting shareholders	(1,429)	(1,367)
Cash dividends paid to common non-voting shareholders	(414)	(414)
Cash dividends paid on warrants	(38)	(25)
Change in noncontrolling interest, net	-	93
Net cash outflows from financing activities	(12,160)	(1,077)
Change in cash and cash equivalents	9,000	(13,408)
Cash and cash equivalents at beginning of period	31,572	48,732
Cash and cash equivalents at end of period	$40,572	$35,324
CASH PAID DURING THE PERIOD FOR:
Interest	$23,946	$30,228
Income taxes	500	600

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