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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule Of Fair Value of Assets on Recurring Basis Segregated by Level of Valuation Inputs | The following tables summarize assets measured at fair value on a recurring basis as of the indicated dates, segregated by the level of valuation inputs within the hierarchy utilized to measure fair value:
|  | March 31, 2025 |
|  |  |  |  |  |  |  |  |  |  | Total Fair |
(In thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Value |
Available-for-Sale Portfolio |  |  |  |  |  |  |  |  |  |  |  |
Debt investment securities: |  |  |  |  |  |  |  |  |  |  |  |
US Treasury, agencies and GSEs |  | $ | - |  |  | $ | 69,180 |  |  | $ | - |  |  | $ | 69,180 |
State and political subdivisions |  |  | - |  |  |  | 32,433 |  |  |  | - |  |  |  | 32,433 |
Corporate |  |  | - |  |  |  | 6,692 |  |  |  | - |  |  |  | 6,692 |
Corporate issuances measured at NAV |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,193 |
Asset backed securities |  |  | - |  |  |  | 18,475 |  |  |  | - |  |  |  | 18,475 |
Residential mortgage-backed - US agency |  |  | - |  |  |  | 49,220 |  |  |  | - |  |  |  | 49,220 |
Collateralized mortgage obligations - US agency |  |  | - |  |  |  | 15,197 |  |  |  | - |  |  |  | 15,197 |
Collateralized mortgage obligations - Private label |  |  | - |  |  |  | 88,455 |  |  |  | - |  |  |  | 88,455 |
Total |  |  |  |  |  | 279,652 |  |  |  |  |  |  | 283,845 |
Equity investment securities: |  |  |  |  |  |  |  |  |  |  |  |
Common stock - financial services industry |  |  | 206 |  |  |  | - |  |  |  | - |  |  |  | 206 |
Total available-for-sale securities |  | $ | 206 |  |  | $ | 279,652 |  |  | $ | - |  |  | $ | 284,051 |
Marketable equity securities measured at NAV |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 4,401 |
Interest rate swap derivative fair value hedges (unrealized gain carried as receivable from derivative counterparties) |  | $ | - |  |  | $ | 3,110 |  |  | $ | - |  |  | $ | 3,110 |
|  | December 31, 2024 |
|  |  |  |  |  |  |  |  |  |  | Total Fair |
(In thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Value |
Available-for-Sale Portfolio |  |  |  |  |  |  |  |  |  |  |  |
Debt investment securities: |  |  |  |  |  |  |  |  |  |  |  |
US Treasury, agencies and GSEs |  | $ | - |  |  | $ | 70,425 |  |  | $ | - |  |  | $ | 70,425 |
State and political subdivisions |  |  | - |  |  |  | 33,322 |  |  |  | - |  |  |  | 33,322 |
Corporate |  |  | - |  |  |  | 6,636 |  |  |  | - |  |  |  | 6,636 |
Corporate issuances measured at NAV |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,245 |
Asset backed securities |  |  | - |  |  |  | 18,487 |  |  |  | - |  |  |  | 18,487 |
Residential mortgage-backed - US agency |  |  | - |  |  |  | 39,171 |  |  |  | - |  |  |  | 39,171 |
Collateralized mortgage obligations - US agency |  |  | - |  |  |  | 13,530 |  |  |  | - |  |  |  | 13,530 |
Collateralized mortgage obligations - Private label |  |  | - |  |  |  | 83,309 |  |  |  | - |  |  |  | 83,309 |
Total |  |  |  |  |  | 264,880 |  |  |  |  |  |  | 269,125 |
Equity investment securities: |  |  |  |  |  |  |  |  |  |  |  |
Common stock - financial services industry |  |  | 206 |  |  |  | - |  |  |  | - |  |  |  | 206 |
Total available-for-sale securities |  | $ | 206 |  |  | $ | 264,880 |  |  | $ | - |  |  | $ | 269,331 |
Marketable equity securities measured at NAV |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 4,076 |
Interest rate swap derivative fair value hedges (unrealized gain carried as receivable from derivative counterparties) |  | $ | - |  |  | $ | 6,086 |  |  | $ | - |  |  | $ | 6,086 |
Schedule Of Fair Value Assets Measured on Nonrecurring Basis | Pathfinder Bank had the following assets measured at fair value on a nonrecurring basis as of March 31, 2025 and December 31, 2024:
|  |  |  |  | March 31, 2025 |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Total Fair |
(In thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Value |
Individually evaluated loans |  | $ | - |  |  | $ | - |  |  | $ | 3,985 |  |  | $ | 3,985 |
Foreclosed real estate |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
|  |  |  |  | December 31, 2024 |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Total Fair |
(In thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Value |
Individually evaluated loans |  | $ | - |  |  | $ | - |  |  | $ | 13,020 |  |  | $ | 13,020 |
Foreclosed real estate |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Schedule Of Fair Value Inputs, Quantitative Information | The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were used to determine fair value at the indicated dates.
|  | Quantitative Information about Level 3 Fair Value Measurements |
| Valuation | Unobservable | Range
| Techniques | Input | (Weighted Avg.)
At March 31, 2025 |  |  |
Individually evaluated loans | Appraisal of collateral | Discounted Cash Flow | 12% - 50% (27%)
Foreclosed real estate | Appraisal of collateral | Costs to Sell | 21% - 24% (22%)
|  | Quantitative Information about Level 3 Fair Value Measurements |
| Valuation | Unobservable | Range
| Techniques | Input | (Weighted Avg.)
At December 31, 2024 |  |  |
Individually evaluated loans | Appraisal of collateral | Discounted Cash Flow | 10% - 75% (21%)
Foreclosed real estate | Appraisal of collateral | Costs to Sell | 21% - 24% (22%)
Schedule Of Carrying Amounts and Fair Value of Financial Instruments | The carrying amounts and fair values of the Company’s financial instruments as of the indicated dates are presented in the following table:
|  |  |  | March 31, 2025 |  |  | December 31, 2024 |
|  | Fair Value |  | Carrying |  | Estimated |  |  | Carrying |  | Estimated |
(In thousands) |  | Hierarchy |  | Amounts |  | Fair Values |  |  | Amounts |  | Fair Values |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 1 |  | $ | 51,468 |  | $ | 51,468 |  |  | $ | 31,572 |  | $ | 31,572 |
Investment securities - available-for-sale |  | 2 |  |  | 279,858 |  |  | 279,858 |  |  |  | 264,880 |  |  | 264,880 |
Investment securities - available-for-sale |  | NAV |  |  | 4,193 |  |  | 4,193 |  |  |  | 4,245 |  |  | 4,245 |
Investment securities - marketable equity |  | NAV |  |  | 4,401 |  |  | 4,401 |  |  |  | 4,076 |  |  | 4,076 |
Investment securities - held-to-maturity |  | 2 |  |  | 155,704 |  |  | 149,048 |  |  |  | 158,683 |  |  | 151,023 |
Federal Home Loan Bank stock |  | 2 |  |  | 2,906 |  |  | 2,906 |  |  |  | 4,590 |  |  | 4,590 |
Net loans |  | 3 |  |  | 894,743 |  |  | 850,926 |  |  |  | 901,743 |  |  | 852,743 |
Accrued interest receivable |  | 1 |  |  | 6,748 |  |  | 6,748 |  |  |  | 6,881 |  |  | 6,881 |
Interest rate derivative fair value hedges receivable - AFS investments |  | 2 |  |  | 1,994 |  |  | 1,994 |  |  |  | 3,199 |  |  | 3,199 |
Interest rate derivative fair value hedges receivable - loans |  | 2 |  |  | 1,116 |  |  | 1,116 |  |  |  | 2,887 |  |  | 2,887 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Demand Deposits, Savings, NOW and MMDA |  | 1 |  | $ | 764,842 |  | $ | 764,842 |  |  | $ | 701,477 |  | $ | 701,477 |
Time Deposits |  | 2 |  |  | 499,638 |  |  | 497,411 |  |  |  | 503,047 |  |  | 500,638 |
Borrowings |  | 2 |  |  | 44,628 |  |  | 44,435 |  |  |  | 88,068 |  |  | 87,707 |
Subordinated debt |  | 2 |  |  | 30,156 |  |  | 26,331 |  |  |  | 30,107 |  |  | 25,347 |
Accrued interest payable |  | 1 |  |  | 844 |  |  | 844 |  |  |  | 546 |  |  | 546 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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