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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Loans, including fees $ 13,672 $ 12,268
Debt securities:    
Taxable 5,185 5,607
Tax-exempt 402 508
Dividends 93 129
Federal funds sold and interest earning deposits 89 98
Total interest and dividend income 19,441 18,610
Interest expense:    
Interest on deposits 6,945 7,411
Interest on short-term borrowings 545 1,114
Interest on long-term borrowings 65 194
Interest on subordinated debt 475 491
Total interest expense 8,030 9,210
Net interest income 11,411 9,400
Provision for (benefit from) credit losses:    
Loans 504 710
Held-to-maturity securities 0 15
Unfunded commitments (47) 1
Total provision for credit losses 457 726
Net interest income after provision for loan losses 10,954 8,674
Noninterest income:    
Earnings and gains on bank owned life insurance 162 157
Net realized (losses) gains on sales and redemptions of investment securities (8) (148)
Net realized gains on sales of marketable equity securities 218 108
Gains on sales of loans and foreclosed real estate 65 18
Insurance agency revenue 0 397
Total noninterest income 1,197 1,737
Noninterest expense:    
Salaries and employee benefits 4,450 4,329
Building and occupancy 1,347 816
Data processing 666 528
Professional and other services 606 562
Advertising 141 105
FDIC assessments 229 229
Audits and exams 114 170
Amortization expense 157 3
Insurance agency expense 0 285
Community service activities 11 52
Foreclosed real estate 21 25
Other expenses 691 602
Total noninterest expense 8,433 7,706
Income before provision for income taxes 3,718 2,705
Provision for income taxes 744 532
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. 2,974 2,173
Net income attributable to noncontrolling interest 0 53
Net income attributable to Pathfinder Bancorp Inc. $ 2,974 $ 2,120
Voting Common Stock dividends $ 0.1 $ 0.1
Voting Common Stock [Member]    
Noninterest expense:    
Voting Earnings per common share- basic 0.48 0.34
Voting Earnings per common share - diluted 0.41 0.34
Voting Common Stock dividends 476 471
Series A Non voting [Member]    
Noninterest expense:    
Voting Earnings per common share- basic 0.48 0.34
Voting Earnings per common share - diluted 0.41 0.34
Voting and Series A Non-Voting [Member]    
Noninterest expense:    
Voting Common Stock dividends $ 0.1 $ 0.1
Service Charges on Deposit Accounts [Member]    
Noninterest income:    
Noninterest income $ 374 $ 309
Loan Servicing Fees [Member]    
Noninterest income:    
Noninterest income 101 88
Debit Card Interchange Fees [Member]    
Noninterest income:    
Noninterest income 1 119
Other Charges, Commissions & Fees [Member]    
Noninterest income:    
Noninterest income $ 284 $ 689