Pathfinder Bancorp, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
View on SEC.govAbout 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$16.71-0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(Unaudited)
| For the three months ended | For the nine months ended | |||
|---|---|---|---|---|
| (In thousands, except per share data) | September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Interest and dividend income: | ||||
| Loans, including fees | $13,799 | $14,425 | $40,577 | $39,182 |
| Debt securities: | ||||
| Taxable | 5,307 | 5,664 | 16,014 | 17,007 |
| Tax-exempt | 455 | 469 | 1,322 | 1,475 |
| Dividends | 44 | 149 | 158 | 456 |
| Federal funds sold and interest earning deposits | 131 | 492 | 288 | 711 |
| Total interest and dividend income | 19,736 | 21,199 | 58,359 | 58,831 |
| Interest expense: | ||||
| Interest on deposits | 6,957 | 7,633 | 21,220 | 22,670 |
| Interest on short-term borrowings | 566 | 1,136 | 1,606 | 3,476 |
| Interest on long-term borrowings | 127 | 202 | 264 | 597 |
| Interest on subordinated debt | 486 | 496 | 1,444 | 1,476 |
| Total interest expense | 8,136 | 9,467 | 24,534 | 28,219 |
| Net interest income | 11,600 | 11,732 | 33,825 | 30,612 |
| Provision for (benefit from) credit losses: | ||||
| Loans | 3,341 | 9,104 | 5,018 | 10,118 |
| Held-to-maturity securities | - | (31) | 5 | (90) |
| Unfunded commitments | 153 | (104) | 125 | (43) |
| Total provision for credit losses | 3,494 | 8,969 | 5,148 | 9,985 |
| Net interest income after provision for credit losses | 8,106 | 2,763 | 28,677 | 20,627 |
| Noninterest income: | ||||
| Service charges on deposit accounts | 404 | 392 | 1,158 | 1,031 |
| Earnings and gain on bank owned life insurance | 286 | 361 | 604 | 685 |
| Loan servicing fees | 113 | 79 | 311 | 279 |
| Net realized losses on sales and redemptions of investment securities | (12) | (188) | (20) | (320) |
| Net unrealized gains on marketable equity securities | 145 | 62 | 783 | 31 |
| Gains on sales of loans and foreclosed real estate | 121 | 90 | 269 | 148 |
| Fair value adjustment to loans held-for-sale 1 | - | - | (3,064) | - |
| Loss on sale of premises and equipment | - | (13) | - | (13) |
| Debit card interchange fees | 217 | 300 | 398 | 610 |
| Insurance agency revenue 2 | - | 367 | - | 1,024 |
| Other charges, commissions & fees | 229 | 257 | 743 | 1,180 |
| Total noninterest income | 1,503 | 1,707 | 1,182 | 4,655 |
| Noninterest expense: | ||||
| Salaries and employee benefits | 5,005 | 4,959 | 13,980 | 13,687 |
| Building and occupancy | 1,399 | 1,134 | 3,976 | 2,864 |
| Data processing | 641 | 672 | 1,974 | 1,750 |
| Professional and other services | 709 | 1,820 | 2,093 | 3,078 |
| Advertising | 86 | 165 | 304 | 386 |
| FDIC assessments | 171 | 228 | 400 | 685 |
| Audits and exams | 132 | 123 | 306 | 416 |
| Amortization expense | 156 | 129 | 470 | 137 |
| Insurance agency expense 2 | - | 308 | - | 825 |
| Community service activities | 10 | 20 | 49 | 111 |
| Foreclosed real estate expenses | 26 | 27 | 76 | 82 |
| Other expenses | 602 | 674 | 1,803 | 1,852 |
| Total noninterest expense | 8,937 | 10,259 | 25,431 | 25,873 |
| Income (loss) before provision for income taxes | 672 | (5,789) | 4,428 | (591) |
| Provision for (benefit from) income taxes | 46 | (1,173) | 797 | (160) |
| Net income (loss) attributable to noncontrolling interest and Pathfinder Bancorp, Inc. | 626 | (4,616) | 3,631 | (431) |
| Net income attributable to noncontrolling interest | - | 28 | - | 93 |
| Net income (loss) attributable to Pathfinder Bancorp Inc. | $626 | $(4,644) | $3,631 | $(524) |
| Voting Earnings per common share - basic | $0.10 | $(0.75) | $0.58 | $(0.09) |
| Voting Earnings per common share - diluted | $0.10 | $(0.75) | $0.57 | $(0.09) |
| Series A Non-Voting Earnings per common share- basic | $0.10 | $(0.75) | $0.58 | $(0.09) |
| Series A Non-Voting Earnings per common share- diluted | $0.10 | $(0.75) | $0.57 | $(0.09) |
| Dividends per common share (Voting and Series A Non-Voting) | $0.10 | $0.10 | $0.30 | $0.30 |
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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.