XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:    
Loans, including fees $ 37,026 $ 35,421
Debt securities:    
Taxable 8,312 6,524
Tax-exempt 171 159
Dividends 309 324
Federal funds sold and interest earning deposits 9 79
Total interest and dividend income 45,827 42,507
Interest expense:    
Interest on deposits 4,714 8,112
Interest on short-term borrowings 10 148
Interest on long-term borrowings 1,018 1,503
Interest on subordinated loans 1,790 1,101
Total interest expense 7,532 10,864
Net interest income 38,295 31,643
Provision for loan losses 1,022 4,707
Net interest income after provision for loan losses 37,273 26,936
Noninterest income:    
Earnings and gain on bank owned life insurance 559 460
Net gains on sales and redemptions of investment securities 37 1,076
Gains (losses) on marketable equity securities 382 (629)
Net gains on sales of loans and foreclosed real estate 313 1,179
Net gains on sales of premises and equipment 201  
Insurance agency revenue 1,048 955
Total noninterest income 6,231 6,485
Noninterest expense:    
Salaries and employee benefits 14,384 13,468
Building and occupancy 3,121 3,013
Data processing 2,555 2,396
Professional and other services 1,627 1,210
Advertising 1,198 941
FDIC assessments 874 699
Audits and exams 725 507
Insurance agency expense 825 743
Community service activities 220 199
Foreclosed real estate expenses 46 50
Other expenses 1,920 1,854
Total noninterest expenses 27,495 25,080
Income before income taxes 16,009 8,341
Provision for income taxes 3,499 1,295
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. 12,510 7,046
Net income attributable to noncontrolling interest 103 96
Net income attributable to Pathfinder Bancorp, Inc. $ 12,407 $ 6,950
Dividends per common share (Voting and Series A Non-Voting) $ 0.28 $ 0.24
Voting Common Stock [Member]    
Noninterest expense:    
Earnings per common share- basic 2.07 1.17
Earnings per common share - diluted 2.07 1.17
Dividends per common share (Voting and Series A Non-Voting) 1,258  
Series A Non voting [Member]    
Noninterest expense:    
Earnings per common share- basic 2.07  
Earnings per common share - diluted 2.07  
Voting and Series A Non-Voting [Member]    
Noninterest expense:    
Dividends per common share (Voting and Series A Non-Voting) $ 0.28 $ 0.24
Service Charges on Deposit Accounts [Member]    
Noninterest income:    
Noninterest income $ 1,464 $ 1,395
Loan Servicing Fees [Member]    
Noninterest income:    
Noninterest income 246 361
Debit Card Interchange Fees [Member]    
Noninterest income:    
Noninterest income 923 771
Other Charges, Commissions & Fees [Member]    
Noninterest income:    
Noninterest income $ 1,058 $ 917