Pathfinder Bancorp, Inc.

For the period ended Jun 30, 2026. Filed Aug 13, 2026.

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, 2026 · Filed Aug 13, 2026

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

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Contents

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (Unaudited)

	For the six months ended June 30,
(In thousands)	2026	2025
OPERATING ACTIVITIES
Net income	$5,081	$3,005
Adjustments to reconcile net income to net cash flows from operating activities:
(Benefit from) provision for credit losses	(323)	1,654
Proceeds from sales of loans held-for-sale	8,680	5,573
Originations of loans held-for-sale	(8,399)	(8,586)
Realized (gains) losses on sales, redemptions and calls of:
Loans	(281)	(148)
Available-for-sale investment securities	-	4
Held-to-maturity investment securities	5	4
Marketable securities	(23)	(638)
Depreciation	752	823
Amortization of mortgage servicing rights	12	(4)
Amortization of deferred loan fees and costs	46	36
Amortization of operating and finance leases, net	214	215
Amortization of deferred financing fees from subordinated debt	-	99
Earnings on bank owned life insurance	(586)	(318)
Net amortization of premiums and discounts on investment securities	(349)	(93)
Net amortization of premiums on intangible assets	286	144
Stock based compensation expense	538	460
Net change in accrued interest receivable	(183)	(8)
Net change in other assets and liabilities	(3,365)	(262)
Net cash inflows from operating activities	2,105	1,960
INVESTING ACTIVITIES
Purchase of available-for-sale securities	(138,682)	(54,842)
Purchase of held-to-maturity securities	-	(16,858)
Purchase of marketable securities	(156)	(167)
Purchase of Federal Home Loan Bank stock	(7,637)	(7,520)
Proceeds from redemption of Federal Home Loan Bank stock	3,262	6,832
Proceeds from maturities and principal reductions of available-for-sale securities	46,725	22,555
Proceeds from maturities and principal reductions of held-to-maturity securities	15,041	15,014
Proceeds from sales, redemptions and calls of:
Available-for-sale securities	-	3,194
Held-to-maturity securities	3,830	2,516
Net change in loans	5,656	3,124
Purchase of premises and equipment	(413)	(861)
Net cash outflows from investing activities	(72,374)	(27,013)
FINANCING ACTIVITIES
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits	41,040	32,135
Net change in time deposits	(29,685)	2,790
Net change in brokered deposits	(20,934)	(17,562)
Net change in short-term borrowings	81,000	14,500
Payments on long-term borrowings	(5,700)	(14,155)
Proceeds from long-term borrowings	-	8,064
Proceeds from exercise of stock options	697	436
Cash dividends paid to common voting shareholders	(968)	(950)
Cash dividends paid to common non-voting shareholders	(276)	(277)
Cash dividends paid on warrants	(25)	(25)
Net cash inflows from financing activities	65,149	24,956
Change in cash and cash equivalents	(5,120)	(97)
Cash and cash equivalents at beginning of period	31,170	31,572
Cash and cash equivalents at end of period	$26,050	$31,475
CASH PAID DURING THE PERIOD FOR:
Interest	$14,649	$16,131
Income taxes	750	500
NON-CASH INVESTING ACTIVITY
Fair value adjustment to loans held‑for‑sale	(203)	-
Transfer of loans to loans held-for-sale	-	3,161

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