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Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2022
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

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands, except share and per share data)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income attributable to Pathfinder Bancorp, Inc.

 

$

3,272

 

 

$

3,009

 

 

$

6,222

 

 

$

5,163

 

Convertible preferred stock dividends

 

 

-

 

 

 

83

 

 

 

-

 

 

 

180

 

Series A Non-Voting Common Stock dividends

 

 

124

 

 

 

14

 

 

 

248

 

 

 

14

 

Warrant dividends

 

 

12

 

 

 

9

 

 

 

23

 

 

 

17

 

Amount attributable to Series A Non-Voting Common Stock and participating warrants

 

 

677

 

 

 

653

 

 

 

1,277

 

 

 

1,093

 

Net income available to common shareholders-Voting

 

$

2,459

 

 

$

2,250

 

 

$

4,674

 

 

$

3,859

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Pathfinder Bancorp, Inc.

 

$

3,272

 

 

$

3,009

 

 

$

6,222

 

 

$

5,163

 

Convertible preferred stock dividends

 

 

-

 

 

 

-

 

 

 

-

 

 

 

180

 

Voting Common Stock dividends

 

 

411

 

 

 

314

 

 

 

820

 

 

 

626

 

Warrant dividends

 

 

12

 

 

 

8

 

 

 

23

 

 

 

17

 

Amount attributable to Voting Common Stock and participating warrants

 

 

2,104

 

 

 

2,504

 

 

 

3,960

 

 

 

4,254

 

Net income available to common shareholders-Series A Non-Voting

 

$

745

 

 

$

100

 

 

$

1,419

 

 

$

86

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average common shares outstanding-Voting

 

 

4,549

 

 

 

4,464

 

 

 

4,543

 

 

 

4,453

 

Basic and diluted weighted average common shares outstanding-Series A Non-Voting

 

 

1,380

 

 

 

197

 

 

 

1,380

 

 

 

99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per common share-Voting

 

$

0.54

 

 

$

0.50

 

 

$

1.03

 

 

$

0.87

 

Basic and diluted earnings per common share-Series A Non-Voting

 

$

0.54

 

 

$

0.51

 

 

$

1.03

 

 

$

0.87