Pathfinder Bancorp, Inc. (PBHC) Financial Statements (2025 and earlier)

Company Profile

Business Address 214 WEST FIRST STREET
OSWEGO, NY 13126
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,93835,48837,35543,67020,36626,522
Cash and cash equivalent48,73235,28237,14943,46420,16026,316
Short-term investments206206206206206206
Receivables7,2866,1684,5204,5493,7123,068
Asset, held-for-sale, not part of disposal group 3,0423,042    
Total current assets:59,26644,69841,87548,21924,07829,590
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization4,0734,213   
Operating lease, right-of-use asset1,5262,0982,1362,2402,386
Property, plant and equipment18,44117,87221,65922,26422,69920,623
Intangible assets, net (including goodwill)4,6214,6374,6534,6694,6854,701
Goodwill4,5364,5364,5364,5364,5364,536
Intangible assets, net (excluding goodwill)85101117133149165
Total noncurrent assets:28,66128,82028,44829,17329,77025,324
Other undisclosed assets1,377,8711,326,4031,214,8541,150,0511,039,959878,201
TOTAL ASSETS:1,465,7981,399,9211,285,1771,227,4431,093,807933,115
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt125,68060,33312,5004,02025,13839,000
Total current liabilities:125,68060,33312,5004,02025,13839,000
Noncurrent Liabilities
Long-term debt and lease obligation49,91955,66464,59878,03067,98779,534
Long-term debt, excluding current maturities49,91955,66464,59878,03067,98779,534
Total noncurrent liabilities:49,91955,66464,59878,03067,98779,534
Other undisclosed liabilities1,169,9431,172,3421,097,4461,047,671910,013750,122
Total liabilities:1,345,5421,288,3391,174,5441,129,7211,003,138868,656
Equity
Equity, attributable to parent, including:119,495110,997110,28797,45690,43464,221
Preferred stock    1412 
Common stock    454744
Additional paid in capital53,11452,10151,04450,02449,36229,139
Accumulated other comprehensive loss(9,605)(12,172)(1,268)(2,236)(2,971)(6,042)
Retained earnings76,06071,32260,94650,28444,83942,114
Unearned esop shares (135)(315)(495)(675)(855)(1,034)
Other undisclosed equity, attributable to parent616160   
Equity, attributable to noncontrolling interest 761585346266235238
Total equity:120,256111,582110,63397,72290,66964,459
TOTAL LIABILITIES AND EQUITY:1,465,7981,399,9211,285,1771,227,4431,093,807933,115

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues67,66351,09830942,50741,75834,810
Net investment income67,66351,09830942,50741,75834,810
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2,930) (1,022)(4,707)(1,966)(1,497)
Gross profit:64,73351,098(713)37,80039,79233,313
Operating expenses(1,406)(1,843)(1,722)(1,448)(1,389)(1,357)
Operating income (loss):63,32749,255(2,435)36,35238,40331,956
Nonoperating income630589559460462427
Gain on sale of leased assets, net, operating leases      
Bank owned life insurance income630589559460462427
Interest and debt expense (28,744)(9,695)(7,532)(10,864)(13,528)(9,044)
Income (loss) from continuing operations before equity method investments, income taxes:35,21340,149(9,408)25,94825,33723,339
Other undisclosed income (loss) from continuing operations before income taxes(23,429)(24,460)25,417(17,607)(19,886)(18,784)
Income from continuing operations before income taxes:11,78415,68916,0098,3415,4514,555
Income tax expense(2,362)(2,656)(3,499)(1,295)(1,165)(546)
Income from continuing operations:9,42213,03312,5107,0464,2864,009
Income before gain (loss) on sale of properties:12,5107,0464,2864,009
Net income:9,42213,03312,5107,0464,2864,009
Net income (loss) attributable to noncontrolling interest(129)(101)(103)(96)(10)22
Net income attributable to parent:9,29312,93212,4076,9504,2764,031
Preferred stock dividends and other adjustments   (180)(291)(208) 
Undistributed earnings (loss) allocated to participating securities, basic    (1,224)(467) 
Other undisclosed net loss available to common stockholders, basic    (30)(23) 
Net income available to common stockholders, diluted:9,29312,93212,2275,4053,5784,031

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:9,42213,03312,5107,0464,2864,009
Other comprehensive income (loss)2,567(10,904)9687353,071(2,140)
Comprehensive income:11,9892,12913,4787,7817,3571,869
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(129)(101)(103)(96)(10)22
Comprehensive income, net of tax, attributable to parent:11,8602,02813,3757,6857,3471,891

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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