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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income:        
Loans, including fees $ 8,974,000 $ 9,784,000 $ 17,666,000 $ 18,631,000
Debt securities:        
Taxable 2,523,000 2,152,000 4,643,000 4,128,000
Tax-exempt 143,000 42,000 261,000 71,000
Dividends 51,000 87,000 99,000 174,000
Federal funds sold and interest earning deposits 15,000 1,000 19,000 4,000
Total interest and dividend income 11,706,000 12,066,000 22,688,000 23,008,000
Interest expense:        
Interest on deposits 1,134,000 1,144,000 2,099,000 2,671,000
Interest on short-term borrowings 24,000 3,000 29,000 6,000
Interest on long-term borrowings 141,000 296,000 274,000 591,000
Interest on subordinated loans 430,000 408,000 842,000 965,000
Total interest expense 1,729,000 1,851,000 3,244,000 4,233,000
Net interest income 9,977,000 10,215,000 19,444,000 18,775,000
Provision for loan losses 59,000 929,000 161,000 1,957,000
Net interest income after provision for loan losses 9,918,000 9,286,000 19,283,000 16,818,000
Noninterest income:        
Earnings and gain on bank owned life insurance 123,000 129,000 285,000 254,000
Net losses on sales and redemptions of investment securities 36,000 51,000 30,000 51,000
Gains on marketable equity securities 29,000 49,000 39,000 283,000
Net gains on sales of loans and foreclosed real estate 12,000 39,000 75,000 159,000
Net gains on sale of premises and equipment 0 0 201,000
Insurance agency revenue 292,000 234,000 591,000 514,000
Total noninterest income 1,296,000 1,434,000 2,899,000 3,279,000
Noninterest expense:        
Salaries and employee benefits 3,785,000 3,501,000 7,834,000 6,842,000
Building and occupancy 830,000 870,000 1,656,000 1,663,000
Data processing 517,000 654,000 1,067,000 1,330,000
Professional and other services 452,000 451,000 845,000 868,000
Advertising 235,000 259,000 422,000 505,000
FDIC assessments 222,000 232,000 444,000 430,000
Audits and exams 142,000 177,000 283,000 379,000
Insurance agency expense 254,000 194,000 458,000 400,000
Community service activities 73,000 34,000 135,000 122,000
Foreclosed real estate 27,000 16,000 40,000 22,000
Other expenses 609,000 457,000 1,214,000 920,000
Total noninterest expense 7,146,000 6,845,000 14,398,000 13,481,000
Income before income taxes 4,068,000 3,875,000 7,784,000 6,616,000
Provision for income taxes 780,000 851,000 1,501,000 1,400,000
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. 3,288,000 3,024,000 6,283,000 5,216,000
Net income attributable to noncontrolling interest 16,000 15,000 61,000 53,000
Net income attributable to Pathfinder Bancorp Inc. $ 3,272,000 $ 3,009,000 $ 6,222,000 $ 5,163,000
Dividends per common share (Voting and Series A Non-Voting) $ 0.09 $ 0.07 $ 0.18 $ 0.14
Voting Common Stock [Member]        
Noninterest expense:        
Earnings per common share- basic 0.54 0.50 1.03 0.87
Earnings per common share - diluted 0.54 0.50 1.03 0.87
Dividends per common share (Voting and Series A Non-Voting) 411 314 820 626
Series A Non voting [Member]        
Noninterest expense:        
Earnings per common share- basic 0.54 0.51 1.03 0.87
Earnings per common share - diluted 0.54 0.51 1.03 0.87
Voting and Series A Non-Voting [Member]        
Noninterest expense:        
Dividends per common share (Voting and Series A Non-Voting) $ 0.09 $ 0.07 $ 0.18 $ 0.14
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Noninterest income $ 283,000 $ 357,000 $ 542,000 $ 689,000
Loan Servicing Fees [Member]        
Noninterest income:        
Noninterest income 69,000 11,000 186,000 101,000
Debit Card Interchange Fees [Member]        
Noninterest income:        
Noninterest income 231,000 241,000 459,000 462,000
Other Charges, Commissions & Fees [Member]        
Noninterest income:        
Noninterest income $ 279,000 $ 323,000 $ 692,000 $ 565,000