SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2025

SEGMENT INFORMATION

SEGMENT INFORMATION

17. SEGMENT INFORMATION

The Company has two primary business segments, its community banking segment, and its wealth management segment.

The community banking segment provides financial services to consumers and businesses principally in the Greater Syracuse Area and Onondaga County of New York State. These services include providing various types of loans to customers, accepting deposits, mortgage banking, and other traditional banking services. Parent company income is included in the community-banking segment, as the majority of effort for these functions is related to this segment. Major revenue sources include net interest income and service fees on deposit accounts. Expenses include personnel and branch-network support charges. The wealth management agency segment offers individual investment management for individuals in the Greater Syracuse Area. The primary revenue source is commissions from 401(k) management and brokered accounts.

The Company’s Chief Financial Officer is the chief operating decision maker (“CODM”). The CODM evaluates the financial performance of the Company’s components such as evaluating revenue streams, significant expenses, and budget to actual results in assessing the performance of the Company’s segments in the determination of allocating resources. Financial information regarding each significant segment expense outlined below is regularly provided (at least monthly) to the CODM. For the community banking segment, interest expense is a significant segment expense. Additionally, for each of the two reportable segments, compensation and employee benefits are significant segment expenses. The accounting policies of the segments are substantially similar to those described in Note 2.

Information about the segments is presented in the following tables as of and for the years ended:

	At December 31,
(In thousands)	2025		2024
Total assets for Seneca Savings	$	312,487	$	280,030
Total assets for Financial Quest		1,236		1,183
Elimination of intercompany receivables		(1,609)		(274)
Total consolidated assets	$	312,114	$	280,939

	Year Ended December 31,
(In thousands)	2025						2024
	Seneca Savings		Financial Quest		Total		Seneca Savings		Financial Quest		Total
INTEREST INCOME
Total interest income	$	14,627	$	—	$	14,627	$	13,364	$	—	$	13,364
INTEREST EXPENSE
Total interest expense		5,731		—		5,731		5,230		—		5,230
Net interest income		8,896		—		8,896		8,134		—		8,134
Provision for credit losses available-for-sale securities		20		—		20		451		—		451
Provision for credit losses loans receivable		821		—		821		(145)		—		(145)
Net interest income after provision for credit losses		8,055		—		8,055		7,828		—		7,828
NONINTEREST INCOME
Service fees		134		—		134		123		—		123
Income from financial services		—		969		969		—		893		893
Fee income		822		32		854		699		32		731
Gain on sale of fixed assets		—		—		—		6		—		6
Earnings on deferred compensation plan assets		116		—		116		26		—		26
Net gains on sale of residential mortgage loans		136		—		136		87		—		87
Total noninterest income		1,208		1,001		2,209		941		925		1,866
NONINTEREST EXPENSE
Compensation and employee benefits		4,934		474		5,408		4,476		427		4,903
Core processing		1,596		—		1,596		1,446		—		1,446
Premises and equipment		900		24		924		742		24		766
Professional fees		386		40		426		232		—		232
Postage & office supplies		108		—		108		181		—		181
FDIC premiums		147		—		147		118		—		118
Advertising		299		8		307		344		7		351
Director fees		163		1		164		156		—		156
Intangible asset amortization		156		—		156		156		—		156
Other		637		210		847		363		206		569
Total noninterest expense		9,326		757		10,083		8,214		664		8,878
Income before provision for income taxes		(63)		244		181		555		261		816
PROVISION FOR INCOME TAXES		9		—		9		104		—		104
Net income	$	(72)	$	244	$	172	$	451	$	261	$	712