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Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2023
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 share and per share data)

 

2023

 

 

2022

 

Net income attributable to Pathfinder Bancorp, Inc.

 

$

2,599

 

 

$

2,950

 

Series A Non-Voting Common Stock dividends

 

 

124

 

 

 

124

 

Warrant dividends

 

 

11

 

 

 

11

 

Undistributed earnings allocated to participating securities

 

 

504

 

 

 

600

 

Net income available to common shareholders-Voting

 

$

1,960

 

 

$

2,215

 

 

 

 

 

 

 

 

Net income attributable to Pathfinder Bancorp, Inc.

 

$

2,599

 

 

$

2,950

 

Voting Common Stock dividends

 

 

416

 

 

 

409

 

Warrant dividends

 

 

11

 

 

 

11

 

Undistributed earnings allocated to participating securities

 

 

1,586

 

 

 

1,857

 

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

 

$

586

 

 

$

673

 

 

 

 

 

 

 

 

Basic and diluted weighted average common shares outstanding-Voting

 

 

4,609

 

 

 

4,536

 

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

 

 

1,380

 

 

 

1,380

 

 

 

 

 

 

 

 

Basic and diluted earnings per common share-Voting

 

$

0.43

 

 

$

0.49

 

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

 

$

0.43

 

 

$

0.49