Pathfinder Bancorp Company profile
About Pathfinder Bancorp Inc (MARYLAND)
Pathfinder Bancorp, Inc. is a holding company, which operates through its subsidiary Pathfinder Bank (the Bank). The Bank is engaged in the business of deposits from the public, and investing such deposits, in loans secured by commercial real estate, business assets, one-to-four family residential real estate and investment securities. invests in mortgage backed securities issued or guaranteed by United States Government sponsored enterprises, collateralized mortgage obligations and similar debt securities issued by both government sponsored entities and private (non-governmental) issuers, and asset-backed securities that are issued by private entities. The Company has seven branch offices located in Oswego County, three branch offices in Onondaga County, and one limited purpose office in Oneida County. The Bank offers property and casualty and life insurance through its subsidiary Pathfinder Risk Management Company, Inc.
Financial summary
BRIEF: For the nine months ended 30 September 2021, Pathfinder Bancorp Inc (MARYLAND) interest income increased 8% to $34.6M. Net interest income after loan loss provision increased 20% to $28.6M. Net income applicable to common stockholders increased 63% to $6.4M. Net interest income after loan loss provision reflects Taxable increase of 30% to $6.2M, Loans, including fees increase of 5% to $28.1M, Dividends increase of 10% to $261K.
Equity composition
Common Stock $.01 Par, 12/10, 10M auth., 3,459,406 issd., less 487,287 shares in Treas. @ $6.5M. Insiders own 65.66%. Shares issd. 12/97 in reorganization of Pathfinder Bancorp MHC (Basis: 1-for-1). 2/5/98, 3-for-2 stock split. 10/14, 1.6472-for-1 Exchange offer.
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