Pathfinder Bancorp, Inc.

For the period ended Mar 31, 2026. Filed May 15, 2026.

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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.

Mar 31, 2026 · Filed May 15, 2026

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 three months ended March 31,
(In thousands)	2026	2025
OPERATING ACTIVITIES
Net income	$2,413	$2,974
Adjustments to reconcile net income to net cash flows from operating activities:
(Benefit from) provision for credit losses	(168)	457
Proceeds from sales of loans held-for-sale	5,401	2,600
Originations of loans held-for-sale	(5,215)	(2,535)
Realized (gains) losses on sales, redemptions and calls of:
Loans	(186)	(65)
Available-for-sale investment securities	-	5
Held-to-maturity investment securities	5	3
Marketable securities	(76)	(218)
Depreciation	374	413
Amortization of mortgage servicing rights	15	(3)
Amortization of deferred loan fees and costs	21	6
Amortization of operating and finance leases, net	107	112
Amortization of deferred financing fees from subordinated debt	-	49
Earnings on bank owned life insurance	(256)	(162)
Net amortization of premiums and discounts on investment securities	(143)	(46)
Net amortization of premiums on intangible assets	143	143
Stock based compensation expense	260	174
Net change in accrued interest receivable	496	133
Net change in other assets and liabilities	(3,432)	1,657
Net cash (outflows) inflows from operating activities	(241)	5,697
INVESTING ACTIVITIES
Purchase of available-for-sale securities	(20,576)	(25,882)
Purchase of held-to-maturity securities	-	(6,196)
Purchase of marketable securities	(97)	(107)
Purchase of Federal Home Loan Bank stock	(1,112)	(1,788)
Proceeds from redemption of Federal Home Loan Bank stock	1,503	3,472
Proceeds from maturities and principal reductions of available-for-sale securities	22,585	10,473
Proceeds from maturities and principal reductions of held-to-maturity securities	5,771	6,612
Proceeds from sales, redemptions and calls of:
Available-for-sale securities	-	2,995
Held-to-maturity securities	2,065	2,507
Net change in loans	1,345	6,679
Purchase of premises and equipment	(248)	(637)
Net cash inflows (outflows) from investing activities	11,236	(1,872)
FINANCING ACTIVITIES
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits	62,297	63,551
Net change in time deposits	(19,642)	8,347
Net change in brokered deposits	(14,776)	(11,942)
Net change in short-term borrowings	(29,000)	(34,000)
Payments on long-term borrowings	-	(9,440)
Proceeds from long-term borrowings	(1,700)	-
Proceeds from exercise of stock options	446	180
Cash dividends paid to common voting shareholders	(480)	(474)
Cash dividends paid to common non-voting shareholders	(138)	(138)
Cash dividends paid on warrants	(13)	(13)
Net cash (outflows) inflows from financing activities	(3,006)	16,071
Change in cash and cash equivalents	7,989	19,896
Cash and cash equivalents at beginning of period	31,170	31,572
Cash and cash equivalents at end of period	$39,159	$51,468
CASH PAID DURING THE PERIOD FOR:
Interest	$7,135	$7,732
NON-CASH INVESTING ACTIVITY
Fair value adjustment to loans held‑for‑sale	(200)	-

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