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 investments | 48,938 | 35,488 | 37,355 | 43,670 | 20,366 | 26,522 | |||
| Cash and cash equivalent | 48,732 | 35,282 | 37,149 | 43,464 | 20,160 | 26,316 | |||
| Short-term investments | 206 | 206 | 206 | 206 | 206 | 206 | |||
| Receivables | 7,286 | 6,168 | 4,520 | 4,549 | 3,712 | 3,068 | |||
| Asset, held-for-sale, not part of disposal group | 3,042 | 3,042 | |||||||
| Total current assets: | 59,266 | 44,698 | 41,875 | 48,219 | 24,078 | 29,590 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 4,073 | 4,213 | ✕ | ||||||
| Operating lease, right-of-use asset | 1,526 | 2,098 | 2,136 | 2,240 | 2,386 | ✕ | |||
| Property, plant and equipment | 18,441 | 17,872 | 21,659 | 22,264 | 22,699 | 20,623 | |||
| Intangible assets, net (including goodwill) | 4,621 | 4,637 | 4,653 | 4,669 | 4,685 | 4,701 | |||
| Goodwill | 4,536 | 4,536 | 4,536 | 4,536 | 4,536 | 4,536 | |||
| Intangible assets, net (excluding goodwill) | 85 | 101 | 117 | 133 | 149 | 165 | |||
| Total noncurrent assets: | 28,661 | 28,820 | 28,448 | 29,173 | 29,770 | 25,324 | |||
| Other undisclosed assets | 1,377,871 | 1,326,403 | 1,214,854 | 1,150,051 | 1,039,959 | 878,201 | |||
| TOTAL ASSETS: | 1,465,798 | 1,399,921 | 1,285,177 | 1,227,443 | 1,093,807 | 933,115 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 125,680 | 60,333 | 12,500 | 4,020 | 25,138 | 39,000 | |||
| Total current liabilities: | 125,680 | 60,333 | 12,500 | 4,020 | 25,138 | 39,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 49,919 | 55,664 | 64,598 | 78,030 | 67,987 | 79,534 | |||
| Long-term debt, excluding current maturities | 49,919 | 55,664 | 64,598 | 78,030 | 67,987 | 79,534 | |||
| Total noncurrent liabilities: | 49,919 | 55,664 | 64,598 | 78,030 | 67,987 | 79,534 | |||
| Other undisclosed liabilities | 1,169,943 | 1,172,342 | 1,097,446 | 1,047,671 | 910,013 | 750,122 | |||
| Total liabilities: | 1,345,542 | 1,288,339 | 1,174,544 | 1,129,721 | 1,003,138 | 868,656 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 119,495 | 110,997 | 110,287 | 97,456 | 90,434 | 64,221 | |||
| Preferred stock | 14 | 12 | |||||||
| Common stock | 45 | 47 | 44 | ||||||
| Additional paid in capital | 53,114 | 52,101 | 51,044 | 50,024 | 49,362 | 29,139 | |||
| Accumulated other comprehensive loss | (9,605) | (12,172) | (1,268) | (2,236) | (2,971) | (6,042) | |||
| Retained earnings | 76,060 | 71,322 | 60,946 | 50,284 | 44,839 | 42,114 | |||
| Unearned esop shares | (135) | (315) | (495) | (675) | (855) | (1,034) | |||
| Other undisclosed equity, attributable to parent | 61 | 61 | 60 | ||||||
| Equity, attributable to noncontrolling interest | 761 | 585 | 346 | 266 | 235 | 238 | |||
| Total equity: | 120,256 | 111,582 | 110,633 | 97,722 | 90,669 | 64,459 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,465,798 | 1,399,921 | 1,285,177 | 1,227,443 | 1,093,807 | 933,115 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 67,663 | 51,098 | 309 | 42,507 | 41,758 | 34,810 | ||
| Net investment income | 67,663 | 51,098 | 309 | 42,507 | 41,758 | 34,810 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (2,930) | (1,022) | (4,707) | (1,966) | (1,497) | |||
| Gross profit: | 64,733 | 51,098 | (713) | 37,800 | 39,792 | 33,313 | ||
| Operating expenses | (1,406) | (1,843) | (1,722) | (1,448) | (1,389) | (1,357) | ||
| Operating income (loss): | 63,327 | 49,255 | (2,435) | 36,352 | 38,403 | 31,956 | ||
| Nonoperating income | 630 | 589 | 559 | 460 | 462 | 427 | ||
| Gain on sale of leased assets, net, operating leases | ||||||||
| Bank owned life insurance income | 630 | 589 | 559 | 460 | 462 | 427 | ||
| 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: | 35,213 | 40,149 | (9,408) | 25,948 | 25,337 | 23,339 | ||
| 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: | 11,784 | 15,689 | 16,009 | 8,341 | 5,451 | 4,555 | ||
| Income tax expense | (2,362) | (2,656) | (3,499) | (1,295) | (1,165) | (546) | ||
| Income from continuing operations: | 9,422 | 13,033 | 12,510 | 7,046 | 4,286 | 4,009 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 12,510 | 7,046 | 4,286 | 4,009 | |
| Net income: | 9,422 | 13,033 | 12,510 | 7,046 | 4,286 | 4,009 | ||
| Net income (loss) attributable to noncontrolling interest | (129) | (101) | (103) | (96) | (10) | 22 | ||
| Net income attributable to parent: | 9,293 | 12,932 | 12,407 | 6,950 | 4,276 | 4,031 | ||
| 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: | 9,293 | 12,932 | 12,227 | 5,405 | 3,578 | 4,031 | ||
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: | 9,422 | 13,033 | 12,510 | 7,046 | 4,286 | 4,009 | ||
| Other comprehensive income (loss) | 2,567 | (10,904) | 968 | 735 | 3,071 | (2,140) | ||
| Comprehensive income: | 11,989 | 2,129 | 13,478 | 7,781 | 7,357 | 1,869 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (129) | (101) | (103) | (96) | (10) | 22 | ||
| Comprehensive income, net of tax, attributable to parent: | 11,860 | 2,028 | 13,375 | 7,685 | 7,347 | 1,891 | ||
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.