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Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share.  

 

 

 

Three months ended

 

 

 

March 31,

 

(In thousands, except per share data)

 

2020

 

 

2019

 

Net income attributable to Pathfinder Bancorp, Inc.

 

$

1,690

 

 

$

514

 

Convertible preferred stock dividends

 

 

69

 

 

 

-

 

Warrant dividends

 

 

8

 

 

 

-

 

Undistributed earnings allocated to participating securities

 

 

290

 

 

 

-

 

Net income available to common shareholders

 

$

1,323

 

 

$

514

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

4,607

 

 

 

4,244

 

Effect of assumed exercise of stock options and

   unvested restricted stock units

 

 

-

 

 

 

64

 

Diluted weighted average common shares outstanding

 

 

4,607

 

 

 

4,308

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.29

 

 

$

0.12

 

Diluted earnings per common share

 

$

0.29

 

 

$

0.12