SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2026

SEGMENT INFORMATION

SEGMENT INFORMATION

15. 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.

Information about the segments is presented in the following table as of and for the periods indicated:

(In thousands)	At March 31, 2026		At December 31, 2025
Total assets for Seneca Savings	$	315,155	$	312,487
Total assets for Financial Quest		1,296		1,236
Elimination of intercompany receivables		(589)		(1,609)
Total consolidated assets	$	315,862	$	312,114

	Three Months Ended March 31,
(In thousands)	2026						2025
	Seneca Savings		Financial Quest		Total		Seneca Savings		Financial Quest		Total
INTEREST INCOME
Total interest income	$	3,828	$	—	$	3,828	$	3,437	$	—	$	3,437
INTEREST EXPENSE
Total interest expense		1,384		—		1,384		1,309		—		1,309
Net interest income		2,444		—		2,444		2,128		—		2,128
Provision for credit losses loans receivable		120		—		120		110		—		110
Net interest income after provision for credit losses		2,324		—		2,324		2,018		—		2,018
NONINTEREST INCOME
Service fees		35		—		35		32		—		32
Income from financial services		—		262		262		—		224		224
Fee income		236		8		244		163		8		171
Gain on sale of fixed assets		6		—		6		—		—		—
Earnings on deferred compensation plan assets		33		—		33		26		—		26
Net gains on sale of residential mortgage loans		24		—		24		33		—		33
Total noninterest income		334		270		604		254		232		486
NONINTEREST EXPENSE
Compensation and employee benefits		1,439		140		1,579		1,170		116		1,286
Core processing		463		—		463		335		—		335
Premises and equipment		304		6		310		217		6		223
Professional fees		159		15		174		57		—		57
Postage & office supplies		24		—		24		43		—		43
FDIC premiums		55		—		55		33		—		33
Advertising		91		1		92		96		2		98
Director fees		46		—		46		48		—		48
Intangible asset amortization		—		39		39		—		39		39
Other		172		17		189		153		12		165
Total noninterest expense		2,753		218		2,971		2,152		175		2,327
(Loss) Income before provision for income taxes		(95)		52		(43)		120		57		177
PROVISION FOR INCOME TAXES		7		—		7		29		—		29
Net (loss) income	$	(102)	$	52	$	(50)	$	91	$	57	$	148